Evening Star Newspaper, September 9, 1927, Page 13

GROWTH OF BANKS INU.S.IS AMAZING Depositories of Nation Lit- erally Bulging With Wealth Built Since War. BY J. ¢ ROYLE. Soecial Dispatch to The Star NEW \'Ol‘l\'_ September 9 posits evide n of t Sin prosperous condit which could be given o 1919 capi tal, ind undivided profits of State banks have increased 000,000, according to R. N president of the Hibernia 1 Trust Co, of New Orl and tary-treasurer of the ciation of Supervisors Deposits have gained and resources have incr 000,000, During the same period capital plus and undivided profits of natic banks, according to the currency, increased $85: country surplus $1,647 ate Rank 829000000 ed $14,080,- sur- al ontroller of 9,000,000, while Since June 1, have reased ind national banks 43. March 2 X which comy u-gs are available, ¢ whif® national banks of that date, capital vided profits of State banks amour to $4.547.000,000, deposits totaled $34, | 2,000,000 and total resources $40,- 046,000,000 Capital surplus and un divided profits of national 1 the same date amounted to 000, deposi 0.912,000,000 sources $25 i n_Apr nd March | . these figur ed | 85,000 in deposits in State banks and $736,411,000 in deposits in national banks. Resources of State| banks rose' $440,873,000 and those of | national banks £ 482,000, From March 23, 1927, to June of national banka advanoed §1 000 to £26,58 Combi and national b increased ned 1919. In the nks on of bhoth State institutions hav 000,000,000 sine me period joint de- | posits have r 000,000 3 capital 04,000,000 ombined posits of State and national banks ‘ creased $1,1 000,000 in the last year, while resou! gained $1,746,000,000. Total deposits of both classes of bank; aggregated $55,474,000,000, while to i resources mounted up to about $66, | 900,000,000 | These figures are so huge that in their disregard of ciphers they resem- ble the totals recorded in Austria and Germany during the period when the mark declined to a merely nominal FAMILY SHOE | of that ! of the argument ave rig Commodity News LOS ANG , September 9.—Tt i ostimated the Fall planting of lettuce | now in p ress in the San l‘m'n.\ndn’ Valley will total 6,000 acres. TM.'; ‘\\l”l\l‘ be a reduction of per cent, | as compared with last year. LF The United States ex ported 28,604 passenger car and truck | | units in July, a slight in over DETROIT.— 1se | of trafmc, THE EVENING EARNINGS SAG FORECAST. Drop of 17 Per Cent in Western | Maryland Net Income Is Estimated | Special Dispatch to The Star, BALTIMORE, September drop of 17 per cent in the Western Maryland forecast by estimated issued by the company. Just y class com- | month showed decreases last month pared with the corresponding in_1926, Receipts coal from shipments de- | ’(hr\ preceding month, and a gain of over July of last year. The gaini accounted for Iy by the in- which in-) 70.2 over heap power for fons in the ‘Ontonazon er Qistrict wiil be provided power project 5,000 horse-power e » LW Grain thout 11 = 1.817,508,000 bu 000 last year incrensed to compared with 408,231, while trade in wheat | from 1,014,634,000 Iast month w total ANTA —«\\\vh only a few more o the sale of inferior bright leal tobacco ht 15,000 growers 2,043 for 000 pounds, an > of 10.08 cents a pound. Both and income are the g t in | the history of the industr ch | now ranks o° 1y x¢ i e A in dolt of md to cotton. | But these figures are the andard in the world today. Tt \mong financiers and econo- | “the huge gains made ind resources a our prosperity or a reflex Perhaps both sides | value lars, mor most stable v is a fon s wh in bank the cau sperity. Many Depositories Left Out. he forgotten that | these huge sums take no account the sums deposited in private banks or the resources of such institutions nor of the millions saved and invested through the medium of building and f loan associations. Neither do they consider the huge amounts invested in stocks and bonds during the last nor the savings accountg of life insurance companies. New at the rate a month, es of older It should not approxim to say and mor i een forced to dr: s plain. They declare t State and national banks pe! form equally useful and necessary functions; that each is essential to the growth and progress of the Na- tion, and that their development has been a direct reflection of the increase in the commerce, industry and trade of the United States. They have grown as the needs of the country as undisputed financial leader of the world have grown. re both | creased $409 05 | Winter stra | Middle STORE or 82 per cent to tals being $874 8 and $1,263.630. 49, respectively. 'nings from freight in less-than-carload lots were S$1.46, but despite this gain, to- Dpts were $371,568.11 less than | were in August last year. OUTPUT IS LARGER. NEW YORK, roduction of ste ws the total of | tal v 9 P August March reported wd Steel Insti in Au- | September 1 ingots first incre since by the American Iron tute, compared with 3,5 ust last year. The low mark for the |J year was 3,178,342 tons, in July. Ap proximate ‘daily output of all eom August was 128,552 tons, | 4 in July. Production | for the elglit months of 10 rinst 31 HIP same period of 192 NEW YORK MARKETS NEW YORK. “low:: firm; Sprin soft Winter stral hts, 6.85a7 n, 110 f.ob. N c.if 1 York, fir Tallow | ; extra, 814 Wheat fut teady: domes. | tie, Decomber Other articles | unchangad | No. 2. Wes and 1081, firmer; spe LEAD RECEIPTS DOWN | September 9 728 tons went i smelters, and 1,310 tons to United States smeltes Lead in other fore ore received in the month w J123 tons, against 838 in | June, 1'intake by United States | smelters in July wa short tons, against 5 in lmu LOCOMOTIVE SHIPMENTS YORK, September ®)— shipments in August inst 60 in July and 124 in August last hipments for the eight months of 1927 were 711, ainst 1,157 in the same period of | 9 RUBBER ADVANCES. NEW _ YORK, September 9 (Spe 1).—Crude rubber, smoked ribbed dvanced a quarter of a cent at today’s noon quotation of 34. This compares with 35 month ago and 40 a year ago. except less-than-carload lots | STAR., WASHINGTON, D. C, Bartletts, ripes and t Potatoe: mand moderate, nger; New Cobblers, No. 1, ning, 2.5 upplies 5a3.50; , few 3.00. moderate; de- market _slightly Jersey, 150-pound u. 0. 1, mostly st_shore, Maryland, and east Virgin cloth-top barrel, Cobblers, U. 8. No. 1, mostly 4.00. Sweet potatoes—Supplies moderate; demand slow, market dull; Virginia, cloth-top_harre , most ginia, ungraded ality and con- New Jersey, Jerseys, Wholesale Market 3 rket report on fruits and szotables, compiled by the Market ews Servico l!uu au of Agricultural and upplies moderate; den 1 ; Virg western Greenings, U 2.00; Maryland, Delawa . mostly > and Virginia, varieties, ung led, wide and ‘condition, T3a1.50. v~ lies 1t: homegrown libera demand slow; market very dull; N York, 8-:pound sac round type, no sales reported; home | growns supplying the market. Supplies moderate; de- [mand slow, market about steady; E N Maryland, standard flats, ind 158, Pink Meats, fair qual and condition. 50; Colorado, stand and 458, H0: Jumbo and 128 standard 125 and 13%, 75a83; Honey maoderate, demand steady; California, Jumbo, crates nd standard crates, 85, various range quality h!l\h]'] hlml IS 1.0 demand v York, crates, Cantaloupes— | Kets, seedless, 1.00a and crates Mal ' hompson ity s, rdd, 10 f market section, gl upplie one- half-hushel hamp Green corn I\rm\n.xm\n, sacked, b moderate; moderate; s, dozen, 1.00a Jumbo 125 J Green feas light, market very dull pound mostly higher. Lettuce—Supplies liberal; slow, market slightly weake do, crates, Iceberg typ mostly d-dozen, best nary “condition, dirty, WOOL MOVING BETTER 9 Supplies light; demand Colorado, 3.00 (Special). territory y in crates, er the Boston Wool Marke Montana staple. rter-blood fleece -l wool wa plaining about "I mills are taking bought and thus in warehouse: | quoted today demand the slow way that wool _previously 50; some dumped; New erates, Big Boston type, most Onions— d moderate, market 1.0081.05,: thveece % 92 and quarter blood at U, . 1, : & x g IMine Ohio grade flecces were quoted auali P at 45246 grease basis, half blood at Ohio, three-eighths blood at 44 and No. quarter blood : addily, WILL PAY COUPON YORK, September 9 () Morgan & ( pnounced that n having been made by the se government, beginning next Wednesday they would be prer to pay coupon 2! ernment 5 per cent Hukuang R: loan_of 1911, due December 15 on bonds of the German se this loan, including those att German series bonds drawn for demption on June 15, 1925, mu,.mum sacks, whites, 1, 2.7 r Peaches. good, ma ch Market Firm. Supplics heavy; demand et firm for good stock: nd Pennsylvania, bushel some overriy bushel bas- 0 Pennsylva |n<n||\nu to fm\' higher; Maryland, Hales, large size, fancy, 2.75 Pears—Supplies light; demand light, ma t steady; California, boxes, FER2RELRRIRTL2222TLLIITILL222TRL22222222222232222232E22122 2482222484222 2242 8 BARGAIN 425 7% St (opposi fushurgh) We’re Open Saturday From8A.M.to10P.M. It’s been a great week with us in this sale of Ross Co. stock at 25 cents, 33 cents and FRIDAY, SEPTEMBER 9, 1927T. SUGAR IS UNCHANGED. Futures Are Easier—Refined Prod- uct Market Is Steady. NEW YORK, September 9 (#).— With no_sales'reported, raw_sugar ¢ today at 4.3 aid. Gugar futures were easter, under liquidation and selling by houses with Cuban connections, ap- parently inepired by the easier Lon- don market, continued favorable European weather advices, and the less active demand in the spot mar- ket. Opening prices were 1 to 4 Points lower and later showed losses of 3 to points. Stop-loss orders were uncovered on the br , but after their exeention -a rally of 1 to 2 points followed with midday quotations about 2 or 3 points net lower. market was .80 to £.00 | wals con- | 1a fair| at the refined zed 1. Withdr | tinued of fair proportions new busines inside price, LUMBER TRADE SLOW‘ER‘ NEW YORK, September 9 ().— 320 softwood mills to I Lumber Manufacturers’ ion for the week ended Sep- 2 showed ¢ in pro- duction, shipments and new husiness, compared with reports from 346 mills the weck before. The Labor day made accurate comparisons difficuit. Compared with a y 150, when 23 more mills reported; there were decreases in all three items. Operations of 108 hardwood mills showed ent decreases in all three factors, compared with reports | from 137 mw the week before, but | | unit resuits were about the same | A vear hen 100 mills reported, | there were Jarge increases in produc- | tion and new business. Unfilled or- | ders of 219 Southern . | | | mills were inst 6 991 fee mills \hn week be \‘uu POTATO MARKET FIRM CHICAGO, 9 (#)—Po- tatoes—Receipts, track, 176 cars; total tes ship- ments, cars; trading only f: market firm on good stocks consin _sacked round \\hm\\ 1. 2.15; Minnesota sacked \mdlm\d Ohios, 1.35a1.45. September 81 cars United BALL 50 cents on the dollar. Scores of men and women packed our store every day to se- THE NEW Olb Dutch Market SPECIALS FOR SATURDAY ELBERTA FREESTONE Peaches Bushel ’1.99 5 Ibs., 25¢ Compare Quality and Price with Any Offered in City Bartlett PEARS, 4 Ibs., 25¢ APPLES . 4 lbs., 22¢ (Northwest Greenings) SWEET ONIONS POTATOE. 5 Ibs., 15¢ 4 Ibs., 15¢ 10 Ibs., 29¢ WATERMELONS Each, 23c RED, RIPE AND SWEET CHICKENS Fresh Killed Fryers Lb., 34c Quality Cannot Be Surpassed Stewing Chickens, Ib., 28¢ BUTTER Ib., 49¢ Consistently Good Always SMOKED PICNICS Lb., 17¢ 8 to 10 Lbs. Each Y21b., 16¢ Large Baking YELLOW Derrydale Creamery SMOKED HAMS Lb., 27¢ 8 to 12 Lbs. Each Wisconsin lisiew CHEESE School Shoes Fresh Country EGGS . doz., 40c And Other Worthy The “Family’s” great reputation is based on its ability to correctly fit every member of the family, with exactly the shoe wanted, at t School Packets FREE With Child Sehoel B IRLS’ Snappy School Oxfords, in nut- brown calf, alligator trim. Southern tie effect. AA to D wide. .$4.50 11 te 2.... 2% to 8 .$5.50 ISSES attractive new |)||Pnl leather pumps for F: 8% to 11 . .$3.50 11% to 2 . $4.00 2% to 7 . IRLS' Brogue fords, in golden brown elkskin, collegiate effect in every sense of the word. AA to D wide. 11% to 2 $4.00 0YS’ Gridiron, for lit- tle gents, too. A husky tan calf or black full round toe. Rubber heels. A to D wide. 9 to 135 1806 2os Others up to 86 50. 610 -812 SEVENTHSTN.W 54 YEARS’ SATISFACTORY SERVICE he price preferred! E-3 ren's Shoes ‘\\“\\\; 1'1 RgINS W g = GRO\\I\G girls will love this tan calf novelty, with alligator grain trim. AA to D wide. 1% to 2 .. 2% to7 .. S' Fall Ties. This in patent leather calt saddle, GIRL one alligator ing. AA to D wide. 8% to 11 .. .§3.75 11% to 2 .. NS — most durable of shoes for every boy and girl. Choice of 20 styles ~—all sizes, all leathers and combinations, in all ‘widths. 0OY fords, shade of Gridiron Ox- in a lustrous tan calf or Dou- A to D wide. $3.50 ... $4.00 Others up to $6.50. ¥ A Footwear for All the Family! :z:::::m:zzzzz::z::z::::zz::z:z:zz::émmmmzzmxz‘m’z:zzmzz:zmtxzmzt:‘:zwmm::z:::z:zz:z::z::::::zxzr.:::x:::z:zzz‘z:'z:z:‘xzzxzzz:zzm‘:: .:“..:z:z:::z:: | i ! Women’s Arch Support Shoes Are Your Arches Guilty of “Non- Support?” Let the “Family’s” Foot Service Depar ment be the “judge.” The “sentence” will be “fine” for your com- fort! “Arch-Supporting” A stylishly comfortable one-strap model in_patent and black kid. AAA to E wide... “Betsy Ross” Dress Oxfords with in. built arch support. Black kid or patent. AAA to E wide... »” “Betsy Ross Strap Pumps, smart, vet scientifically correct, Black kid or patent. AAA $7 to 1 wide. “Constant Style” Graceful combination last model with in-built steel shank. Black kid AAto E \\Xde row. And we’re open from 8 A.M. to 10 P.M. refunds. Mothers—here is the sale that you have been awaiting. Just about 75 fancy all-wool boys’ suits at a price that will make you gasp. Three and four piece models for youngsters who wear sizes from 10 to 35. it is finely tailored — all new colors and s s sale is from 9 a.m. to 12 o'clock, so hurry down with Sonny. Ross Co. mer- chandise. Formerly $19.50. Three-hour sale price, MEN! MEN'S FALL TOPCOATS .95 Just 25 fine quality Topcoats, to 38; choice. A choice lot of ionable models sold for $19.50. in sizes 33 More value—and quality than Washington men have prices. The groups are complete, men—bhefore the best selections ‘are gone: All Ross Co. O'Coats Ross Co. Blue is, 1 Serge Suits, 13 & Topcoats, ¥, Price A group of Fall Topcoats, Price t w eeds, $12 50 sizes—are of- Finest grade men’s Win- ed;silk lined; former- T]|e "Ross Co’s $35 burly fered in this ter o'coats, 50 in etc A group of good quality blue serge suits; sizes 31 to 40; formerly $35. 175 40 blue to 42; About suits; sizes merly $45. 22 serge for- o'coats — all $17.50 big sale at.. finely tailor- That formerly sold from $10 to $15. While they 145 Women’s Fall and Winter Coats That Sold From $22.50 to $49.75 in 4 Great Groups $7.75 $12.50 $21.00 $15.50 Beautiful fur-trimmed Winter Coats at just about wholesale cost! We purchased the entire Rows Co. stock and vou take yo K at prices that Wil maks you gasp. . 200 Pairs $1 Silk Hose 33c 4 Pairs for $1.25 Fine quality silk hose, lisle top. All colors, Slight imperiections. = 3383“WWMW&WQW cure these amazing bargains. We're ready now for another great day tomor- All sales final—no exchanges no Hurry down and see what the old cash will do. Mothers, Attention—Morning Sale 9 to 12 Only BOYS’ SCHOOL SUITS Q.75 LOOK! READ!!! Men’s Fall and Winter SUITS and Ross Co. Sale Men’s Fancy Suits, 12 Price Some suits have 2 pairs of trousers. A small deposit will hold it. Ross Co. Sale Women’s and Misses’ Dresses Just one group of Beautiful Late Summer and Early Fall Dresses, in materials of satin and satin-face crepe. 75. Co. Suits in all fash- colors that formerly Ros: ever seen at such low Hurry, 3 sen- 38838888888338333322832828338 38 83328338882888288828828383288833232882882882328328328823282828383282828883883883333 3¢ 322 50 $1.50 & $2.00 Men’s Broadcloth and Madras SHIRTS 95¢ Sizes 13 to 17. Collar- attached and wneckband last, 3.98 15 Women’s Fur Coats That Sold from $150 to $300 %69 %89 A group of gorgeous quality fur-trimmed fur coats, exquisitely silk lined; sizes 36 to 52, on sale. Small deposit ac- cepted. 3 $88833332222288388888888888333388228388882883888888888888 8888888888 PORK LOIN ROAST Ib., 28¢ Freshly Chilled Cuts from the Finest Western Packer Shoulder Roast of LAMB, Ib., 20c BREAST OF LAMB Ib., 15¢ Beef Cuts of Really Fine Quality Cross Rib Roast | Prime Rib Roast Lb., 23c Lb., 29¢ CHUCK ROAST Ib., 18¢ PLATE BEEF 2 Ibs., 25¢ LAND O’ LAKES SWISS CHEESE Y3 Ib., 20c In the Convenient Packages or Fresh Cut from the Loaf SLICED BEEF LIVER, 2 Ibs., 25¢ Compound LARD . 2lbs., 25¢ ¢ SOFT DRINKS 5¢c Exclusive of Coca Cola 2 Bottles (Contents) No. 134 PURE GOLD SYRUP ":* 15¢ A product of sunshine and rain, grown in the sandy soil of South Georgia, hence the delicious mild mellow flavor. VIRGINIA a4 Pancake FLOUR, pkg., 10c Verdale Cocoa | Peerless Jelly 15C Lurgejar........ZIC Washington Flour 1.1b. can Delicious “Sunshine” 24.1b. sack. .. 119 | Sugar Cookies 12-1b. sack . . . ..63c Lb., 23c Wi Baking Powder, 1-1b. can, 25¢ MASTER BREAD 3 loaves, 20c 16 Ounces of Quality in Each Loaf PAN-AMERICAN COFFEE 2 lbs., 75¢ Name on the Package— Reputation in It Pints ........Dosz., 65c Quarts ......Doz., 75¢ 15 Gallon. . . . . Doz., 95¢ FINGER LAKES VINEGAR D.Q.':.:':" 1 50 et | Oc Van Camp’s Catsup e 35¢ | QUAKER OATS %t 10c Bottles Regular Hand pkg., rads PEA BEANS , « 3 lbs., 25¢ l BALL FRUIT JARS