Evening Star Newspaper, August 14, 1927, Page 29

FINANCIAL, | ~—1020— 19 H\ b Low High FULL COMMITTEES - .- ll(! H)A 106 ; fien " Low Leading Bankers Chosen to i o5 Push Association Work |03 100 “n Sl Ouring Year 1927-8. e BY EDWARD €. STONE. President W. W. Spaid of the Dis-| 1450 1071 trlct of Columbia Bankers' Association | 100% 107 Sesterday announced the full member “‘\‘:f; i 8bip of the committers, which will | 1500 g carry on the most impo work of [ 105% 99 o 104% 102 he organization during the present |04 102 year, Many of the chairmen served |1ggi jo3 at the head of th same committe 100 86 054 92 last year and most ir associates | JAo4 82 % have already had broad comumittee ex- | perience. They will keep business and financial puise of community during the year in a m ner tl furnish the local banks with just the information that t 106 108 need. They will also be on the | 114% 110 out for fraudulent securities E 119% gest mew methods for protecting the (104 a7 Washington banks and d st rom losses. {10615 102 The committee on standard hanki 98% B4 forms bas already functioned for two! 98% 87 years and many of their recommenda Im?" 103 tions have long since heen put into (106 102t practice. Through extended vesearch, | 119 1174 the unprofitable nceounts committes | 108% 1031 has been able to su St many wavs ~ » for reducing the amount of hmsiness handled that does not render satisfac- [ 105 1031, tory returns. In recent vears the ad- | 101% vertising committee has leaped to the | 109 107 Pamt because ' of sthe Increase in. the | 105% 102 Amount of dvertising done by the O8TL 96°% association and the caraful manner in | 102% 97 which these men have investizated va- [ 104% 1014 rlous schemes prosented to individual | 10916 1021 bank bl 103'; 1021 Full Committee Selections, 102% 993 The complete committees appoint \:il "7; #d yesterday by President Spaid are | 1041 100% as follows 02 g Advertising — H. Thom 2 ehairman: Robert Flather, E. J. Mc 100 Quade, John Poole, J. Frank Rice C. W. sShoemaker and George Vass, | Audit committee— Charles H. Do- g, chairman derick H. Cox and . L. Offutt, jr. Commereial * activities — John Riordon, chairman; James H. B . A. Bowles, Charles 1. Bove . Colton. W. R. De Lashmu: 98 84% Gatley, Thomas P. Hickm: . Pl oog o1y Harman, jr.; H Hoskinson, W. R.| 76 107 Lewis, Fre . W. W. Marlow, | 108" 3028 L. Selby, kd ker, John R. | ller, J. ik White and C. H. Voodward. Fraudulent securities—E. E. Thomp- | 155, m, chairman: Joshua Evans, jr.; E.| gg . Hillyer, J. D. McQuade, George O.| 1033 101 Vass, John Poole, Laurence Slaughter, 118 = 114% and J. D. Leonard. | 1061 104 Law and legislation—F. G. Addi-| ggqiy o7 #on, jr., chairman: Robert V. Flem-| 1104 10 ing, H. H. McKee and Corcoran|1o0% 9 Thom. 11000 o Protective committee — Harry V.| 1025 9 vnes, chairman; Charles J. Bell |112% 1037 ohn B. Coch Wade H. Cooper, | 105% 103% V.. B. Deyber, ¥. E. Farrington, F 104% 100 Addison, jr.: L. B. Schreiner, Frank | gte!wn. George O. Vass and C. H.!101 ward 7 Other Important Committees. Publicity — Thomas W. Brahan thairman: P. H. Siddons, v J thairman A. Bowles, H. L. Burn® side, 3 . G. Hoskinson, | 113% 110% . D. Leonard, L. A. Slaughter, | 1024 95% . P. Wilson, C. R. Woodward and ¥. Hunton Leith, 931 89% Standardized banking forms—E. J.| 94% 89% cQu: chairman; J. Dann Faber,| 87% 94 omas J. Groom, J. D. Howard, C.|100% 3% F. Jacobsen, Arthur J. Linn (controller | 103% 102t Federal-American National Bank), J.| 93% 89% . Exnicios, L. A. Slaughter, jr.; R.|192% 83 L. Schreiner, E. E. Swan and R. G. “;;; g Marx. sue Committee on _insurance—C. St Pope, chairman; F. G. Addison, Hugh W. . R. Grant, E. Dlds, L. A. Slaughter, jr., and ¥ Btunz. Committee on taxation V. Flem- 4 Ing, chairman; F. G. Ad , ir.; Rol rt N. Harper, Howard Moran, ank | ! tetson, Corcoran Thom, E. E. Thomp- | son and H. L. Offutt. Treasury relations—W. J. ghairman: Charles J. Bell and R. Fleminz. Diprontable accounts and business— | 1144 ny John Poole, chairman; W. J. Waller, | 81 "_'~ vice chairman: F. G. Addison, jr.: 92'e A. Bowles, Ralph Endicott, J )| 98w 'uu Faber. Rol N. Harper, Arch P. Wilson, George . A. M. Nevius and Earl 104% 101% 105% 1014 107 104 112% 109 i 11 1034 1014 105% 102% As Moody Views Coolidge Move. Moody's Weekly Review says in | perience has again demonstrated | rket is greater than he announcement of 1 dent Coolidge did not much dis. | turb the market: this is another illu tration of the fact that changes of | 557 leadership are very seldom incon- | 109% 900 venient to nations, corporations or (198, 199 were clear that Mr. withdraw were to prove | ss to the financial outlook, this Joss for a time being would probably more than offset by the remar mprovement in the position of th - market. There is no precedent | modern financial history for so | increase in the supply of funds, occurring so long after the peak of the Spring trade.” Will Handle A. 1. B: Publici 1. J. Roberts, president of Was ton Chapter, A. 1. B.. has alsq the commitiee-appointing spi has named the following institute | publicity committee for the 9 Winifred B n. chai Columbia Natic vice chalr H. Whitton, First Kim NEW YORK, August 13 (). Cot ton gonds were in better deman finished lines. Printed fabrics | 1140 will be opened by the larze corpora- 9si; ¢ next week. B < were quiet | §8 re inqu was reported (100 “aleutta. Garment manu- | 108 ged on ¢ Iresses | 11 n they have heen for a | 4 aw silk continued un with prices lower than f some years RULING ON ORDERS. NEW YORK New York Sto day that the 15 exec T transactions regardless of me errors entering th on broker's hooks, The rwling is ir fended to protect brokers whe make frac of intense ound tha n fractic WALTER BAKER PROFITS. NEW YORK. August 13 (&) of Walt Baker & fo first six months of 19 ere | r" 32. eq tn $5.79 a share on 500 shares of common. 103 30 102 28 THE. SUNDAY STAR, WASHINGTON, D. €. AUGUST 14, 1927-PART 1. e FINANCIAL. SPA“] ANNUUNGES ’ BOND SUMMARY FOR THE WEEK |D. C. BANKS ARE HARDLY GUILTY | !- A. B. CONSULS NAMED. | v i, "ot S mer 5. | "REAL ESTATE LOANS Low U 8 'BONDS. Hizh. Low. 99 19 101 21 100 23 Liberty 3's 1932-47..... 101 2 100 30 101 2 Liberty 1st 41,8 1932-47,. 103 8 103 4 101 11 100 8 Liberty 2d 4% s 1927-42.. 100 10 100 9 101 21 107 23 Liberty 2d 4148 1928 . 1015 1011 10412 103 13 Liberty 4th 415193338, 104 5 103 30 Treasury 4%s 1947-62... 113 22 113 18 14 10515 9y 114% 111 1091 1075 109% 93% 96 89 10815 104 106'; 104 1021 1011 10 1064 110 106, 207 24 10113 991, 110 1054 1044 10214 1047x 1111 126% 113% 1064 1024 98 9t 107 104 103% 97 102% 973 105 103 106 Prev week's FOREIGN. Close. Argentine, June 5s 1959, 99% Argentina 63 A-1957. 100t Australian Govt § ¥8'y Austria Is 1943 Haizium s 1955 Belzium 7% s 1945, Belgium Rs 1941 Bordeaux s 1934. . 3razil 6% 1 Brazil 8s 1941, Canada 5s | Canada 5%s 1929, Chile 8= 1941 Chile 8s 1946, Chinese Govt Ry 107 L 105% 1040 19 L 104" “rench Government 7s 194 105% French Govt 74s Tohs L1131 Erench Govt 8s 1945....... 1114 German 7s 1919 . 107% Holland 101 ltaiy 78 1951 4 Japanese 6lgs 1934 Netherlands 65 197 Norway 5. . Paris-Lyon Med s 19 Poland 83 1950 Quecnsiand 63 . Queensiand 7s 1941. Lthineibe 7s. .. Rio de Janeiro 8s Rome 615552, .. Sa0 Paulo State of. 8s 1036.. Seine Dept of. 73 Serbs, Croats, Slovenes 8 1962, .. 100% Sweden s 1939 S 104' Swiss 53 United Kingdom 5%s 1929, United dom 53s 1527, Yokohama 65 61 INDUSTRIAL AND MISCELLANEOUS 105 97 1035 100' 1094 107 1054 1011 a9 98 103 101 10470 103% 1095 1065 93's B8y % - 8§ 102% ] 105' 102 101 981 104%; 101% 83 7 102 951 108 107 B9y 108 1052 110% 105% 108 104% 1114% 109°% 122'% 120% 101 101% 105% 103 1027 9! 1ns 107 108% 9% 102 a99% 106 104'% 106 102 108% 102% 100 9Ty 1047 103 116% 114% 109 106 100% 9 109 107% 1025 100 103% 99% 1031 101': 106'% 102 1047¢ 1034 107z 103% 1023 97% 101 96 106% 103 109's 106'% 100% 974 99 7 113% 111% 102 97% 974 92y 97 93 100 97 104% 100% 103% 102% 96 92% 104% 1015 1017% 95% 119% 117% 864 B3 944 91k 99 95 100% 99% 100% 974 69 61% 100 974 1074% 105% 90% BO% T4 69% 6% 56% 98 94%a 6% 57% 55% 10 & 111% Ta% 947 924 1004 97% 118% 116% 90 86w 1034 102% 951y 96% 98h 94 154 114% 106 93 €974 95 6 9% £51) 131 8414 1004 914 108% 106% 116 114% 99t 94 12 99% 93 110 106% 1017 98 1017 % 106 104 10 Amer Agri Chemical T4 1941 Amer Smelt & Ref st 53 1947, Amer Smelt Ist 68 1947, Amer Sugar Refining 6s 1937 Amer Tel & Tel ¢l tr 4s 1929 American Tel & Tel s t 5s Anacounda Copper 6s 1953 Anaconda Copper cv deb Ts 1938 Armour & Co 4155 1939, Armour of Del 5145 43 Atlantic Refining deb 55 1937 ... Barnsdall Corporation 6s 1940 1001 Bell Tel (Pa) ref 58 1948......... 104 Bethlehem Steel p m 5s 1338, . 100% Bethlehem Steel s £ 65 1948 104% Cons Coal (Md) 15t ref 53 1950... 80% Cuba Cane Sug cv deb 8s 1930. 98% Detroit [dison ref 6s 1940. 1085 Dodge 65 1940 B5l stern Cuban Sug.7 106 impire Fuel & Gas 7%s 1937 110% Goodrich (B F) 6158 1947.., 107 soodyear Tire 83 1931........ bodyear Tire 8s 1941... Humble Oil & Ret 5%s 1932, Indiana Steel 55 19 Inter Mer Marine 6s 1941, Inter Paper 5s A 1947. International Tel 5srets.... Kelly-Springfield 8s 1931. . Lackawanna Steel 5s 195 Laclede 53 Liggett & Myers 5s 1951 Manati Sugar s £ 7%s 1942, Midvale Steel 5s 1936 New England Tel 5s 1952 N Y [idison 1st 618 1941. NYGasELH& P 5s1948.. N Y Tel 41431939 N ¥ Tel 63 1941.. Northern States Power Pacific Gas & ¥ Pacific Tel & I'el 3 Pan-American 6s 34 Philadelphia Co ref 6s 1944 Public Service 63 1944. Sinclair Oll 7s 1937..., Sinclair Crude Ol 6s. . 100t United Drug 6s 1944. 1071y U'S Rubber 1st & ref 55 1947. 91% U'S Rubber 745 1930.,..... 105' U S Steel s £581963....... 104 Utah Power & Light 58 1944 9% Warner Sugar 7s 1939.... 1 \Western Union Tel f%s 1936. 111% Wilson & Co 1st 6s 1941., - 100% RAILROAD. Atchison T & S Fe gen 48 1995, 96'% 4 Balto & O 1st gold 4s 1948 Balto & Ohlocv 4%s 1933, Balto & Ohio ref 5s 1995 Balto & Ohio 6s 1929 B&O Pitts LE& W Va 4s 1041, B & O Sonthwestern Div 5s cfs 50 Brooklyn Manhat s f 6s A 196 Canadian Northern 635 1946. .., Canadian Pacific deb 4s....... Central Pacific 4s 1949 Chesapeake Corpn 55 w Chesapeake & Ohlo cv 41481930 . Chesapeake & Ohio gen 4 1s 1992. Chicago & Alton 3% 1950. ... Chicazo Bur & Quincy 414 77 B, Chi B & Quincy 1st ref 53 1971. Ch! & Eastern 11l gen 5 1951. Chi Great Western 4s 1959 Chi M & St P deb 4 %3 1932 Chi M & St Paul gen 4158 1989.... Chi M & St Paul ref 4155 2014..., Chi M & St Paul cv 63 2014. .. Chi & Northwestern 61%s 1936. Chicago Railways 5s 1927. . Chi R & Pacific ref 45 1934... Chi Union Station 4145 1963 Chi Union Station 6%s 1963 Chi & Western Ind con 4s 19| CCC&StLref6sA1929....... Colorado & Southern 4%s 1935. .. Cuba R R 5 195: Del & Hudson cv 58 1935 Delaware & Hudson 5%s 19 Den & Rio Grande con 4s 1936 Den & R G West 5s 1955. Detroit United 444 1932 rie 1st con 4s 1996 rie gen lien 4s 1996 rie cv 4s A 1953, e cv4s D 1953. FlaEC5s74........ Grand Trunk s £ deb 65 1936 Grand Trunk 7s 1940. Great Northern 4145 1976. Great Northern gen 5% 1 Great Northern gen 7s 193 Hudson & Manhattan ref bs 1951 Hudson & Manhattan adj 53 1957. Lilinols Central 4%s 6 Inter Rapld Transit 55 Inter Rapid Transit cv 7s 1932, Inter & Great Nor adj 6s 1952 Kan C Ft Scott & M 4s 1936. Kansas City Southern 3s 1950 Kansas City Southern 53 1950. .. Lake Shore 4s 1928., Lake Shore 4 1931, Louis & Nash unified 13 1940. Louis & Nash 1st ref 5%s 2003, Mil Elec Ry & Lt 1st ref 53 61 MStP&SSM6%s 1931, Mo Kan & Tex 1st 4s 1990, Mo Kan & Tex ad) 5s 1967. Mo Kan & Tex pr in 53 A 1962 Missourt Pacific gen 4s 1975 98% 96T 105 105% 1087% 108% 110°% 10: 3074 K3 99% 91 1020 11 113% 1115 £9'a 1097% 10615 123 119% 66 5Bl 99 94Tk 10774 1021 104% 103 1054 103% 84l T6% 1001 99 9 6% w York Central deb 6s 1935. .., New Haven deb 4= 1957. N YNH & Hcvdeb 6s 1948 NY Ry 63 1965 N Y West & Boston 4145 1946 Norfolk & Western con 1s 1996, Northern Pacific 3s 2047. . Northern Pacific 4s 1997..... Northern Pacitic ret imp 6s Ore Short Line ref 4s 1929 Ore-Wash 1st ref 4s 1961. Pennsylvania gen 4%s 1965 Pennsylvania gen 55 1968. Pennsylvania 6%s 193 Peoria & Eastern inc 4s 1990, Pere Marquette Ist 55 1956. .. Read Rio Grande Western clt 4s 1949, . RIArk& L 4151934, . tLIM&SR&G 481933......., t L & San Fran pr In 4s A 1950.. t L& San Fran prin 55 1950.... t L& San Fran 5%s D 1942..... t L & San Fran adj 6s 1955 t L & San Fran inc 6s 1960, StPKCS Line 4%s1941., Seaboard Air Line ref 1959. Seaboard Alr Line adj 58 1949 aboard Alr Line con b3 1945, Southern Pacific cv 4 1929 Southern Pacific col 4s Southern Pacific ref 4s | Southern Ry gen 4s 1956 South Ry 1st 58 1994. Southern Ry dev 6148 1 Third Aveadj 5s 1960. Union Pacific 1st 43 1947, Virginian Ry 1st s 1962 Wabash 1st 55 1939 Wabash 5148 1975. Western Maryland 4s 197 Wastern Pacific 65 1946, West Shore 1st 45 2361 High 100 101 1025 09 145 1091, 100°% 03 106% 1034 10174 1o 110 101% 109 10514 104% 10474 10514 1137 112'% Last 103 6 100 9 101 1 103 31 13 13 Low. 99’5 100 98! 10: a8y 1 108« 1001 106 1050 104% Lot of their time depo; 7% 1 10014 6% 6% 95 8% 101% 163% 102 100'y 80 109% 107 101 1041 10415 108% 097, a0 1% 10074 103% 103% ©5' 104 95% 118% £6 93 9814 100% 491y £9% 116% 887 1024 63% 97 107% 1031y 104% 83% 99% €0 Y 107% Washington Probably Not Guilty. nard M. Grant, Washington-Mechan- OF DEFICIENCIES IN RESERVES et eowins o Bdnis i e e B, it € G 5 1/, % duct Drive for New Members. M. Topping, First National Bank, Alexandria, Va.; Leo J. Moran, W. B. ’ r v I: nk M. Perley, chief consul of Hibhs & Co, FRED T NESB‘T - » s Washington Chapter, 1. A. B, has ap- = rinted e following ¢ e TR 1010 Vi A Mamn DAD2 Heavy Fines Pald in R:chmond District pelnied "the Tollowing' us O mmeomeme O | | (TOTE T o virs \ .. = b unger b employes & CONTS W Vi - Lan. | Constitute “Sore SPot. Fifth Reélonal | & Beottorea it the atitute.chi U NEW YORK, Ausust 13 0).—The TIRST DEED OF 994 - G. Harry Morris and Frank Gunther, | Daily Metal Trade says the future of TRUST NOTES 100 . ! 3 5 American” Seeurity hn_F. | the proposed pipe line from the | 98 Chairman Declares. i , ra tiggs Nt | gl panhandle to Colorade cities, Mo 3 citie s nal Bank: Stuart fe. Second | it the el cils of Denver, Bearing 615 Per Cent and 1| ; et e evhicad v : 8 7 Per Cent Interest 109 | BY I A FLEMING. | tional hanks anil also on special funds : i B y or f : In Amounts of $250.00 Up 100% 1 Vrnder the Iederal reserve act the {O1 deposit for specific periods, A b ke e St b cie coalan See WELCH, Realtor first line of reserves of all member| TIUSt companies pay 2 per cent on 13th St. and New York Ave. the | Checking aceounts, 3 per cent for si banks must he deposited with e e vegional bank in the district to which the member hank belong When the law was enacted the | reserves were reduced so that hanks the nse of money for tod periods. | Bankers talk in whispers amor themselves concorning the pos | posits payable on demand ing accounts unsupported by satis factory bank halin 104 On this, very large banks | They have very v put the 109 | ceceive no interest payment whatever. | Iitter into effect, s 1 Offers to Make ional; Hhilton D. Ha Prust Co John *|For the hanks in the eiies this re- | many of their itor: ety ap: | noh ol Bankt fame 1 orve is the ha £ operations for the | prove of the ven | S ) National; Josepl 10f | Speedy scollsationiand DAYmERS Investments Profitable. Mechanics Natic O | hecks. and with the capital of 101 | various regional banks of stabli 108, | monetary conditions. g ot Any bank infringing on its reserves | “o5 |1 once notified that there is First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, for 3. 5 or 10 year terms on your One of the great sour of in- | Federal-Am come to the banks of today is E. Moyer investments, which really oper O'Neale, 1 org cumulation of a satisfactory profit. | McClellar Ancoln National; Wayne inks are very heavy buyers of :,m D. Trackler, McLachlen Banking Cor 97 5 |1 deficit against their reserve and that | ernment securities and they have joration: Harry D. 1 105 | pe "‘-l\"’»‘l st H'I g | ”"“\ ' [turned immense profits, as no it 1 hants Bank & Trus Apartment 1 Office Building 1 24 | continued until it is what the rate of return every issue of Mount_Vernon Bus t 116 | lished hort or long term notes or ds in | Frank L. Yilek. Munsey Home usiness Froperty 105 Deficiencies “Sore Spot.” connection with the refunding opera- | Wil liam 1. Rippard, National Lk Goke | o e R R of the Treasury has advanced at | of shinston: W. N. Cradin, Na Apply W08 | oard of direetors of the Richmond [0Bce, while other bhonds of v Hwhl"»”“ 1 Moot 103 | boart E high-grade issues have offered splen- | Louis €. Brobukar, National Savi s district, comments |1 g : : i1 Demn !.mhi-l:"luh s et | did chances for met profits, while At | & Trust Co.: P. Henry Coates, Ne that occurs to me is the matter of o4 :l' | deficiencies in the reserves of member RanpALL H. HAGNER & COMPANY PiomTEAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telepone Main 9700 {ike same time the interest acernals Johnsor have aided the net earnings mate t Sav ki Wade H. vially | 10478 Ll was ot conteniplated by the Tt investments usn Federal reserve act that a bank's re il frequently at eost price \ g 5 serves should be nsed for other than | ! uently at 1 th th D ———————— o result that the profi's have former 1024 | o ceptional conditions or that the v ha 1 Yae | source of revenue. Reserves were [nf which thoe. h they & co. Real Estate 4 are carried or the ex 1034 | *stablished at the very lowest possible | aminer will compel it 5 (e 104% | point consistent with safe and sound g A New York % 10815 | bankinz in this country Other Securities., Stock Exchange Loar 991 | “1 was shocked when reading the| The McFadden measure, for the first ||| 901 {report of the Federal Reserve Board [time zave permission for national Successors to ST v ? 101 |for last year to find heavy fines and | banks to buy securities that must he ‘ W : We have e funds to lend on First Mortgages. 9 [ nenalties for deficient reserves. ‘;-}wnn:;l.:n] Tt Tk all likely | JOHN L. EDWARDS k We are specialists in Construction Loans. 10415 | were as follows: Boston, S00.: ¢ | that mnker would buy large issues = K p 8 : fge oo P A . 100 |York. $45.000; Philadelphin, such as are frequently peddied from | & COMPANY You will incur no obligation in bringing T 104 ‘leveland, $30.000: Richmond, $69,000: !)wl to door by happy salesmen whom . plans to our office £0% [ Atlanta, $42.000; Chicago, $30,000: \when asked, “where can 1 sell these A copy of our Fortmghtly Quick action. Minneapolis, | $16,000: | "0Nds in the event of a desir. to do . < 24,000; Dallas um{‘{""‘ reply, “Oh, you can sell them Review sent on re e Ll ek to us anytime—at a priee AL yobd ree et vain el ervone is waiting on the control fal6) H Stre Low Interest Rates il s e g o the currency to promulgate 5 P { bighest penalties and with tWo eX-|ryjes and regulations for tradine 1 it | and Commission | ceptions it has the smallest number | cacyrities, the onl h b o onn il ] only restriction in_ the T gt R e 26 telstara | W itself being limitation to 25 per o A 3 a rlu rce 1o SHArC | cent of capital and surplus of the | 52 Broadway, New York ny \ \ 1 . | holder bl e il N amount that may be invested in one Richmond: V | B A B 4 1001, | ¥ear and was referred to tt el ichmond, Va. 00' | committee of which Victor B. Deyber | 3 O |is chaivman, for consideration have en_carried hy the banks for vea 2 necessity of putting in force redu : 2 s ancol B B 100% | were required to maintain on deposit - i (orce ¢ nk of eree = Bouls | e e o their” e et et el i L L L Mowntend, Chievw Chise Savil ‘ The New York Life Insurance Company ] i0: and 8 per | : One ‘might expect the explanation - Main 2100 925 1 marketable security to be one for which there is a market every husiness | i day in the vear and at a price. and it lodw | It is probable that, as Washington | will not be a greatly restrieted liat. for 10415 | d1d_not igure in the aggrexate fic|the New York Stock Fxchango wil 04% | Ures of failures in this regional dis- | have no difficulty in disy of list-| 104 | trict, nor has it for vears, that it did | ings that the contii s hosin aiDIGve. | OFFICE SPACE not participate in paying penalties for < KT WANT ED! b il e el Life Insurance in Washington, | SAUL BUlLDlNG . o . | 1t is a fact that many of our larg . Ikt R S | . > biisihess: man! spends tHe . o | banks have not found it even Meces: | et wouk of b iee g, Shends the Life Insurance Manager for Vlrgmla | sary to take advantage of their normal | ance agents—and the last half in chas 925 15th St. N.W. rediscount privileges while many have not borrowed from Richmond for in after them for larger policies.” 1. _George W. \White, president of the Abundant light and air. F H antial salary, bon d expenses, an ..\‘4I1'lll‘v\vlv.||’A\:;'y!'\rm}\;’v' v:ml’tlvnlg ,‘.7 lflw cellent service. Several desir- sture, available to the right life insu author o < ap Sentence I : ) t once truthful, and becoming more ",C et e lify as Ma | Richmond regional. In these localities | and more a fact. So we men betome celled location. Modern cleva- business is always reasonably £0od: | financially Stronser. tor building. ”rwi‘n h: ‘\o !\1; v wvu|»(;|1lh]rnltlw.u y;n\n‘i n Washington during the year We realize th:e kind of man we want for tl | of the w ings In the banking line, | 1926 Jifo insurance underwriters wrote ’ AL | A and they have not depended on |life insmance 1o the Pk Adjusted Rental eldom answers U I Bl charges for check collections as an | $80.000.000. fmportant part of their revenue. f—_— i cedisteeastnats BiamA e How to Increase Income. T e A R T A B ST, B. F. Sau] CO. | o , tenty s 1t has become rious matter to| Fatkle ittt t ; bankers, the problem of paying the (§ | ed to inves | several tax assessments, dividends, in in trust rotes with annual 925 15th.St. N.W. terest expens as there is such return of 8 to 109 and an abundance of cash competing for | principal guaranteed against RS 200 | Southern Supervisor use at a fair return loss. S ;86-1 This has been accentuated by the °'{vm e st e st Address Box 486-K, Star Office life insurance companies in their ef- S ngiGE iVt T forts to safely place their millions on gation. millions of dollars and the falling o Local investments only. of operations in the building and real | Address Box 209K, ryland and the Distrie ‘.,,,,,,,,v are the strong siste r for the State of Virg for gressive, old line legal reserve inst ce compar opportunity warrants your investigation. estate lines. Star Office Merchants are still going sfow on | 5 { : ; ying large stocks, fearing unsea- | —_— axeuns ble weather and liquidating sales | Experience I Bids for the at losses and are not large borrowers, | | The Richmond Regional Rank ad. Al Patronage : mple Funds for : Z mits that it is having a hard time | Refl Y this ¢ in efforts to make expenses | efinancing Your Matu £ o n o o rn the dividend which must be | First Mortgage It Is Possible ig ! —of long-continuing, de- paid to member banks, 6 pev cent on || Promot Answer, Current Interest Rate. };3\\.‘1.«":(:‘,;)1: "}"{'é'f“‘"'.'., Por the. flsat THE COMMERCIAL | sn':\lhlc ten(l:n; I(I,LmA!_ ot be ings were short by $70,000 of furnish: I\ATIO!\“AL COMPANY §/ That the first Ten made successtu '1.‘ I your = equired b neorpornted S apa ent or other prop- m‘l‘h’: e ltfu':l':l’h" e EAID\UE, CASTIAE.: sabs 600 Dollars depo. ited apartment or other _prog hest for the rezional hanks, when theyv || Commercial National Bank Bldg. on the px_x_n-lwfu of | erty is not managed by ex- usually make uy ¢ deficiencies and 14th and G Sts. i a $100 First Trust pm’il’llccd understanding lay by a little surplus Note i s f a - te issued by Me- 2 B 0 @t C 9 5 —_—__—_———— | 2 s of both owner’s and ten- e Interest Counts Heavily, f Keever & Goss and 25 d t & | The largest single item in the mat- ||| WE PAY MORE INTEREST acciedlonselected | ants’ points of view. It is 102% | ter of expense in operating banks is found in the item. “interest paid to ||| ON SAVINGS ACCOUNTS D. C. property may | with fllls in Hllllfl .th:u our depositors.” Records show that the be the first step to- experience of a Third-of-a- |yerage expenditure under this item. ||l Than Any Other Natioual Bank | ward the reali Century presents itself as all national hanks, totals one-third of very practical value. 1l the annual expenses. in Washington tion of your dream B. F. SAUL CO. Savings banks usually pay Interest on DAILY Balances of financial inde- i Main 2100 925 15th St. N\W. thIP\( than national banks and they ) s il | may put into effect clauses as to de. ||l Come in and let us explain pendence. .:'.:)vu in paying depositors—but only in ) i tl‘ ,’ B4'4 | emergencies. But they have. conside! C 13! k 119t |ale advancaze over ol enen || VOMMErctal datl fian n.,.Mcxtevsnmcoss 97% | tions in the matter of taxes and also 13th and G Streets = | ;;;;;'g.’.';{.,::;{;fi ".g;g\j".{.‘.k';:.aj':;.[:;},;g;‘; pep e s ) M e Ty iy | . First Mortgage Nafl'fi@fln@ M@W@ N0 fiitallfll Baflm{k “One-Dav Service Applications Invited at e & Richardson, Tnc. [| | o0 Miimurn Roces This Bank is Well Entitled Commonwealth Investment Co. | | LOANS IThrough times, good and bad, The Metropolilan has steered MORTGAGE LOANS ‘ APARIMENT HOUSES 7Such a bank as this is unquestionably the best one to guard PHILIP MILSTONE Amounts at OPEN UNTIL 5:30 P.M. MONDAY, AUGUST 15th LOAN SPECIALIST Co_’ INC. Prevailing _interest ani mmicsion Loam o fo S 15th St. Opposite U. S. Treasury—113 Years Old Lurge Lonns a Specialty [ i . . g Glover & Flather || = to the Confidence of the Public O S BRSO L a successful course, demonstrating its ability to serve, its On Washington ! BUSINESS PROPER1IES Your Pay Day and other funds. 130810 DLW 192 51 ONE DOLLAR OR MORE WILL IDENTIFY YOU WITH = | : /2% OUR SAVINGS DEPARTMENT s 3% Paid Savings ¢ i = At 51'/?;’: e&v t:%l; 'fi'im.. 1433 K St. N.W. Main 1016-17 § 0 al O n aVl ngs § _GET wruwn ru;muas Provident Mutual Life { fi Joae h I. Weller ash, ! e S . = er *iie. i & ¥ N | Capital, Surplus and Undivided Profits, Over $2,000,000 1 Trusts. Reasonable Torms 1 ik N e 5/2% OLDEST NATIONAL BANK IN THE DISTRICT OF COLUMBIA urcent it rate and commission | Construction Loans Prudential 1508 H St. N.W. T Lk ] 5 1/2 Tnvaraice: Co. {1 Our service record spans over a century—one hun- /0 on X inherent strength and soundness, to an ever-expanding Residences In Washington or Nearby When You Need a Loan Before Placing or Renewing Your Loan Qorrespondent < " Trust Dept.—Safe Deposit Boxes—Travelers’ Checks Sharses “A“z‘ xtras) Insurance Company ¢ fl\l\[ L LOANS i WE FINANCE o [l/[l On Tmproved Property 0 Higbie & Richardson, Inc. Loans = “ ; dred and thirteen years to be exact. FIRST and SECOND ||| nesoevers il o Business Properties Maryland, tn Large or Small Think of Welch, Realtor || WM. H. SAUNDERS b ) RS |