Evening Star Newspaper, September 12, 1927, Page 15

EVENING RTAR, - WASHINGTON. D.” 0. MONDAY, SEBTENBER 19,71y, Received by PAivate Wire Direct te The Star Ofica’ ! o ’ e . e Equipped to Render | INBOND MARKET! = wreo srares. s 1 e INCOTTONPRICE |l Fiirst Mortgage Loans i Fauipp el S TR | i 12103 103 Business Men Lib3%s.... 310120 10116 101 20 gt 15 111% 111% ! 7 4 Advance in Call Money Re-| Lib2a4Xs. 221 10018 10017 10018 | B & O Toledo 4 1 86% RE% | Favorable Weather News and and Nearby Suburbs in Montgomery County, . : : ebviteNerie e an Eie s 1S 1551e 1as 13 OPLEWY 4a.. 1 95% 95% @ On Improved Real Estate in the District of Columbia Lib 3d 4%s. 55 1015 3 1013 | Bklyn Manhat6s... 38 97% 97% Golt Md, for 3, 5 or 10 year terms on your - cfficiency demanded in this . & Lib 4th 4%8 213 104 104 Can Nat4%s30. 100% 100% Weak Liverpool Cables A ok inal US3¥s. 55 105 24 105 20 105 22 Ci d Pac deb 4s. . 86% 8614 m o120 | present day of continua sults in Fractional Drops | 5esxs.l st iotas iogan nize | Cnaiictntac & i 300 ' ; . Aishedeant 1 Offce Building L in Legal Rails. e bt bl gl (RTTELU L IO SRR Stimulate Selling. 2 0 B Chesa Corp 58 wi 98% usiness Property You're invited to joint FOREIGN. Ches&Ocv4lss " 101 LD iy o ¢ Bl (orces with The Commer- s .| Ches & O gn 458, 100% i 1 & 1 : o S . Argentine 6sJu 59, 9 091y 99% o 5 \ | By tha Associated Press. . Apply . : cial. BY CHARLES F. SPEARE. Ay Chi & Alton 31s... 65% 65 W W - i i | Argentine 6s Oct59 8 99'3 99% 14,87 00! NEW YORK, September 12.—The - | > o "REW TORK. Septomber 12 —The| ATESI0E 82 A 0e. 21 008 90 80| Gl QT e e, " 10my 107 107 | cotton mariot openert eany today aca ||| IRANDALL. H. HAGNER & COMPANY 55§ Our Savings Dept. Pays NEW YORK, September 12.—The | argentine 6s B 9% 991 Chi & E 111 gn 58 51 901 9 decline of 8 to 11 points and broke T X J fdvance in call money today and the | \ustralia 5s 1 ar’ & ‘ h 44 3 very severely under a renewal of M“!TGA ENT 3 o ’ higher rates quoted for time loans did | \ustralia 55 1 13 98 9 bl O i Naksy Iisulaaiion, Suatiars aud dogs GE LOAN CORRESPOND 3% on Daily Balances 6 not have a great deal of effect on | Austria 7s. 1031 15832, 78 | selling. Bearish or reactionary senti- . . Price o ot et T amal| Benrot i iss. 17 g iasreresieti & ¢ wiing, Tearsl or rencionary ents 1| 1321 Connecticut Ave. Telephone Main 9700 ki fractional declines in legal rails and | Belgium 6s. 3 093, 991 | Qo ECP 6 s 3 WoRther: miap. #nd elatively Wk OMMERCIAL AT[ONAL ANK timited the market for municipals and | Belglum 618 ; Gt Cseit. et Ty : Governments. The latter, however, | Belgium 7s. Chi & NW ref bs... 9 9 Covering and trade buying was re- Capital & Surplus, $1,100,000.00—Resources, Over $17,000,000.00 have heen steadily reacting since the | Belgium 7s ot. 7 CHURWER, s ¢ POEteA-oh & Soal dbwny Ut Hyi (e R o oo (Y oaD s A Sk o / ChIRT&DBri4n... 20 94% O4% 94%|end of the first hour, December was Corner Fourteenth and G Sts. The largest of the day's gains oc- | Belgium 8s,. O | CHITH&SE 5 99% 99% 99% | selling around 22.09 and March 22.30, eurred-in Erie convertible “D Chi Union Sta 5s 44 or about 80 to 82 points below Satur- | more than recovered last week's Jos 3 100 Chi Union Sta 61gs. 3 117% 117 Ky N (GIbRIng o tatioBa: 812 points. On October 1 the pr Brazil 6%s. .47 g C&WIS5862 0 5 5 Tisat caties ropvcel | Taine lege of exchanging these bonds for | Brazil Ts. bl [ CCC&StLrf6s AL 2 4| selling and general liquidation in the common stock at 30 expires. There | Brazil 8s. 3 o . o3 Clev Term 5 market there, and that cloth and yarn | = are at present outstanding of the | Ganada 5s 1931 3 102 2 | Colo & Sou 4158.... 4 huyers were tious owing to gen-| q p g Sriginal "lseue | o $28000000 only | Cannda E Colo & Sou 43 3 uyers wers Cuuious owing (0 uitadie Lo-uperative bunding Assn. 3 L 1 9 eral distrust of current prices. $5.806,000. Unless owners of these | Canada %5 1020, Delid w1t 1o4E JOHN JOY EDSON, President WALTER S, PRATT, Jr., Secretary bonds sell at the market or convert | Chile 8s 19 D o 15 9t 109% 38 13 Break in New Orleans. Organized 1879 4ith YEAR COMPLET | F '[t I] it N t Into common stock in the next, throe Cnile7a 1343, 2, 100 e, e 5 | _NEW ORLEANS, September 12 (9. Assets ...........$5,228,03194 Surplus lere..$1,469.905.78 1rs rus otes veeks, il experience cline nese Gov Ry 5s. 25% 25% 25 —Heavy quidatios an etter P A of nearly $400 per bond on their hold. | Ghristiania 65 '« 100% ; h weather brought losses of more than Subscriptions for the 93rd Issue of Stock Being Received Ings. i s 3 e 3 33 $4 a bale to the cotton market to- ’ H day. While December contracts TART With Interest at Compared with recent sessions, the %S 2 101% F 9 rallied to within 7 points of the leve trading was dull. This was especially 7348 % 105% 3 at which they stood when the Gov- AVING l/ true of the industrial list, where there | Czecho 8352, - 107% Erlecvt 58 67 wi... 42 9 947 ernment report was made public last / )4 o Home has heen a large turnover. Goodyear | Danish Munic8s A. 11% 1115 | g & Jersey 6s. .. 1 114'% Thursday. some of this recovery was bs. of which $1.257.000 were deall in | D E 1543 3ch el B8 Oenessamivs 114% lost in later trading. i YSTEMATICALLY ast week, were inactive at a slight 5tasd 3% 108 10341 s E Chate.. 2 a7% 9T% he decline consumed all of the Eoncession. Some contrast was made | Dutch East16s 47, 2 1044 1045 e kA 1075 gains chalked up since issuance of e bl L L between these bonds and the Fire. | DUt . A and Trunk 7s. % 1145 the latest Government cr ol e a e S i » Atone new ch were brought | Finland s £6s 43 : 96ia 96% | G reat North 5s. . 6 1061 Th> decline was i SUbL R s e i b 01 a e—_ 2 higher price than the | Finiand 7s. 100 Gr Nor gen 78 W 11415 to better weath the belt, ar- B basis than e 1:‘:‘1 Green B & W 2 Dy tially to the failure of the low Gov- : sure of the I Fi b7 1141 Hud & Man ref 5s.. 100% ernment estimate to attract morve ex- .Iom Today! ter. The averag -vear cover for | rreneh 7 L A - o s Hel sty | In Convenient Denominations the Firestone honds was 11 times an- | French 8 I TR T bt g 6% 98% 6% s inan ity 915 F ST. of $250 and Up B mnieninia L8 Lk 71107 1070 | 1 Cont 438 881 4 FOREIGN EXCHANGE. . 3 Int Rapid Tran 5s.. erman loans will be 1 . (Quotations furnished by W. B, Hibbs & Co.) Roated this Fall, the $5.000,000 City EovBAPIEtmatnd : NS . Nominal Selling checks - E: E of Nuremberg loan offered today was | A : L bl . London. pound... SO9¢ANE s4.a000T RS Hed e€s 8 Mlddleton Ine. | | a5y, 99 Int Rap Tran 7s. 98y 98 ‘ % Fuggestive. The bonds were priced | - g i : Montrea).”doll 100°° 10 e o e e e e Sttt bttty to met 6'; per cent, or about the gen- Ei& 10815003 3 o o5 i " ran eral equivalent of most of the other SonEnyd n 6 b S NogsLsRcy e REALTORS f . Berlin, mmapk Gerninn oity 6% and T per ceorier | Ttaly a.. 96% 96'% 96% | Int Rys C A 63 72 Ranine Italy Pub 78 5 955 954 95% | Iowa Cent 1st 5. Zawich, e : 4 1412 Eye St. N.W. Franklin 9503 sues. Like the old issues also the .| Kan City Term 4s. 92 Athens, ‘dr Nuremberg filzs are callable after five ks = s 3 - 91 . 2 997 ¢ o er a Third T Years at pav. Japanese 6355. 1. ARl BIGES AL : « Ocer = Ll W/ ¥ = Long Isrf4s49..., 9 Budape: B el y's f Wi it i T ooni ong 1s rf udapest. ) of a Century's o~ / i 71 # | Prague, r . o Marseille 65 + 3 100% 100% 10014 | Louis&Nash uni4s. 14 oo | Warae. 5 A - Experience / / There was not a great deal of change | Netherlands 65 54, 2 1034 314 | Liouls & Nash 5%s: . : Capeni « & b - // / In prices for standard forelgn_bond Mexico 4510 asnid. 15 211 Man Ry 1st 90. ) alian, Japa se, ru’ erman ontevideo 7s. ket S s 40 . government and B lians were ?:IA;;‘::‘R?; L‘-'l! 51 steady. French issues were slightly Mil El Ry & L 65 61 reactionary, especially the municipals. | Norway 515 7 1017 | M St P & SSM cn 48 Mexican government bonds, which re. | Norway s 1943 2 M St P&SSM on 5s. gontly =old at very*low prices, are re: | Norway 65 144. 3 | MStP&SSMaks. covering a little. A counterpart of this movement is that in Russian gov-| OrqntDey deb6s. . 16 ernment unlisted bonds, which were | pario1¥-Med fs. Yyery active today in the outside mar- | paris gojenea s 25 1021 1054 | MK&T 6sC ket at the highest of the vear. e N , 2% | Mo Pacific gen 4s xVith the closing of the Canadian | pert 12 Tl "1 Mo Pac 5s F 77 National Railways 412 per cent bond 16 S subscription on Saturday the last of | poong o5 40+ +* s v RE e t2 large issues that hung heavily [ PO0G S oy e 6 9% 99% 89K |NOTex&MisE.. over the market throughout the Sum- | pragna s S et i ne s e mer has been distributed. The honds | Grague T4, i) - et declined_a point below the offering > g e L price. Two other unlisted bonds of | Riode Jan 851946, 11 104% | i e recent origin that have acted poorly | RioGr Do Sul$s... 2 10 L are the Cities Services GAs 5ls, which | Rome 634s. 91y New Hevaobdsss have broken from 963 to 93, and Em. | $20 Paulo 8s 19 106% N a pire Oil & Refining 5%s, in which the | Sa0 Paulo 1950 N Tieotes decline has been about 4 points. This | Saxon (PW) 7s. NYOntw 1nt 6 practically cleans up the unnatural|Seine7s42... 2 Nyt price situations overhanging the gen- e N Y Rys 68 A 65. eral Bond market. ST 98l 8 14| Y State Ry 434 FSARGELS Sar s t J04vs | N Y W & Bos 4355, 5 Toho Elec Pow 75 % 1Ghvs | Nor Pac3s 2047 Washington Stock Exchange | vea kingm sote st oo 105% 106 |Northern Pac 4s... ATy Uruguay 8s 111% 111 q1715] Norihern Bas = 1168 i T ae Yokohama 95% 954 95y | Ore Short Lrts4s ot 102%. $1.000 at 102, $500 a . Ore Wash 1st 4 & W, Sieamboat Co. at 300, i) h:""f"-'-‘fi":g”‘- 714 10714 | Eennsylgene%s. .. jax Rubber 8s. , 15 1071 10714 Fat fidyD Wr—10 at 203K, 15 at| Am AgriChem T 19 1037 10314 103 | ponney anis gen b8 R4 2. Am Cotton Oil 5s... 18 9% 98t 98% | Dennayl O35 ar oDt NacT B 245. 10 at|Am Repub deb 65 99%_ 99% | pore Marq int Nat'l Metropolitan Bk.—1 at 420. Am Smit & R 1st 53 102%7102% | port R L & P 58 42.. Cont1” Trust —~10 ‘at 7 Am Sugar ref 6s. Lanston Mon.—10 at 102,716 at 102, 10 Reading gen 4%s st foren _ % o ;:’,f_el :rg' g Rio G West cl 4 1o irEenthaler Lin—10 at 110, 2 at 110, | Am cltrbs. RIATk&L 4% i - §| St L IM&S 48 29, AFTER CALL. StLIM&SR&G 4: ract. 5s—$8.000 at 102%. el Money Available for New Issue"— s Eiec. cons brssq 008 ar 0224 el d o g ‘|StL&SFprinbs. 1 FIRST DEED OF Wi o o R A = | i | TRUST LOANS $32 5 ,OOO s 6% L i 00| Anaconda cv ab 7s. 35 b 00 Georgitonn Gas Ba—8300 at 1003, | AndesCop aeb 7s 43 7 89% B8%%lsanA&ArnP4s.. 7 92% ¢ 9 6/6 103 103 |seaboard A L 4 2 g peiEEl | B B B Kot ot FIRST DEED OF TRUST (First Mortgage) NOTES You Will Not Be NEW YORK, September 12 (#)-— Foreign exchanges steady. Quota- || f I Mistaken— tions (in_cents): Great Ritain, de- mand, 48513-16M cables, 486 7-3%; 60- mave, sThn e, 813, o o —in assuming—if you || | [NTERNATIONAL FINANCE CoRPORATION b AL o i de- R turn your apartment or mand, 5.43%; ca Ly Belgium, 2 : ) other property over to Holland, e u el us for management— h 1 of its offi s : Spain, 1689 | [ that we will not find it announces the removal of its offices Greece, 1.33; Poland, 11 Czecho-. P . slovakia, 2.96%; Jugoslavia, 1.76; difficult to keep it ten- A 3 ani 6115 . . . . e T208%, Deasie TLATIEL Tosie anted with satisfied resi- 17.05024/‘ Shanghai, 61.25; Montreal, dents. Our over a Third- 100.0474. e of -a-Century contacts SILVER QUOTATIONS. I with tenants go far in NEW YORK, September 12 (#).— enabling us not only to Bar silver, 55%; !\l;xk‘an dollars, 42‘. secure, hut also to hDId, | ROOM 800 lNVESTMENT BUILDING Promot Action them. First Mortgage Loans Lowest Rates of Interest and Commission Th et e | BOF, SAUL CO. | Fifteenth and K Streets N.W. R N X oz ) x 3 ERNARN®SN~A® CENR RN AN~ BB DA S o~ W e Mortgage Money Loaned & » ;i at Low Interest Rates Main 2100 925 15th St. N.W. Feonomle_ Conditions Tyler & Rutherford Lean Correspondent Mutual Benefit Life 1520 K Street ~ Main 475 o 3 #i Chanin Sacks 8s pld—>5 at 103, SPRRERIE . - Money—Call loans, 5 and 6 per cent. Barnsdall 63 1940., BONDS Bell Tel Pa s B. 0 . Bell Tel Pa §s C. i 2 Beth Steel pm s Bid unfl A;!xed Prices. Both Svesl bics 66, PUBLIC UTILITY. Beth Steel 6s...... ”':-',t Asked. | BklynUnion 5%s 4 224 Sou Pacific el o Bush T Bldg 58 60. 102% Sou Pacific ref 4s.. 31 Central Leather 6s. Boumy/MenAn. s vu 08 Chile Coppersx..... 93 ‘g5 98 98 | SO0 BV GPR" 0 ke e | Con Gas N Y 5%s.. 4 106y, | Southern Ry $3;s.. e We Buy and Sell Consumers Pow 5s, 3 Y TexArk FS 5%s 50, 106% A 5 TUNLISTED DEPT. o e 106% Bro naavw 101% , JAMES F. SHEA A sy # 643 Louisiana Ave. N.W. SECURED BY oo w8584 Cuba Cane cv 8s. Third Avref 45 60.. 14 6! 68% . | Denver Gas 5s..... Third Ave adj 5 61% 613 2 g , d [ Dery (DG 75,10 Union Pac 1st 4 975 9 leerty Bonds Southeast Corner of Seventeenth and Eye Streets Northwest iy e :+2:+ | Det Edison 5s 40. .. | Union Pac 1st rf 48 95% S ! & Annav. 5s... siii. | Dodgess...c...0 Union Pacev 6s... 9 101% Washingwn Gas 5 Donner Steel ? Vicginia Ry 1st 5s. 28 107 1074 T N $6,500 payable September 3 .. East Cuba Sug 738 Wabash 1st 6s. 104% . ‘ 5 Rl o g e i Wabash st gu.. Ioas reasury Notes 6,500 payable Scptember West Maryland 4 847 . Western Paclfic5s. 3 100 99% 99% Etc . - 1, 1928 1, 1929 6,500 payable September 1, 1930 1, 1, wi . Rwy. E| 48..... N5% : FEmpire G& F Tl%s. Witk BN e et en 103 P o MISCELLANEOUS. Goodrich 61;s . Barber & Ross. % Goodyear 5srets. .. Chemtaut s Dy y Goodyear 8s 1941.. Sh s 'h: ) .. M1 : 93 Por, domn stk 1d sy Bids 2 PSR afan iR hNe® aRaRR LA R L0 6,500 payable September 1, 1931 y S 1 2 TREASURY CERTIFICATES. 299,000 payable September 193 (Reported un.iw.:umwo:nc.:.l Bond Dep;rtment $325,000 Total amount of this issue. EEEE R R 1015 || Washington Loan and 3%s Mar. 15, 1 -3 - H 3 iy I:' ’:’ z ;:1:;; Trust Company Dated September 1, 1927, maturing in 1 to 5 years. s {Quoted by Alex. Brown & Sons, Closine.) : 900 F Street Denominations: $500, $1,000 and $5,000 Toas 106 | B aar . \ ; 620 17th Street Hoe & Co 6%s Humble O & R § Tilinois Bell 1st s, Tilinois Steel 41;s.., mer. Tel. & Telg, 2 .....|Indiana Steel 5s. ... @;Mul Traction t Int Mer Marine 6s. Nt & Wasn, at. 3 310 | Int Paper cv 6s. ... Pofom - Bu.... 10 215 | Inter Paper fd 6 Fo * . Int Tel&Teleg 4% s Kan CP&T, 55 A 52, Kan G & 1 68 52., Kelly-Spring 8s. Tackawa S s 50 Laclede G 5 Liggett & My Lorillard (P) Loulsv G & E 58 5 Natl Métronolitan . i " [ Manat! Sug sf 715 . ... Midvale Steel 5 SOt Bani ot s :1:11 | Montana Pow Sx. e Tl Mor's & Co 15t 4 . Hiiorgi il N'Y Fdison 5s 44 iy e N Y 'Tel 6541 —a o ) o 31, ] i:’::.? Nov. 1841.31 194: 101% £33 SECURITY: This loan is secured by a closed first deed of trust (first mortgage) on the new ten-story office building known as the Hill Building and leaschold on the land located on the Southeast cor- ner of Seventeenth and Eye Streets Northwest, containing about 5,475 square fect, fronting 100 feet on Seventeenth Street and 5475 feet on Eye Street. ADDITIONAL SECURITY: These notes are the direct obligation of The Hill Building Corporation, BuCk & Company and the payment of same is unconditionally guaranteed by the individual owners of the property., ~BolauNannNN R 9% 103% 105 — BROKERS e ol : s g A LOCATION: This property qverlooks Farragut Square and is within the immediate neighborhood of 00 the United States Chamber of Commerce Building, the Army and Navy Club, the Metropoltan Club. the 109 108% 108% | BALTIMORE MARKETS CLOSED. ||| Stocks Bonds Transportation Building and within two blocks of the new Mayflower Hotel and the White Housc. l,lm": ; BALTIMORE, September 12 (Spe. Grain Cotton Transportation lines pass the door. a8y 98% a8y | ciall—Today, Defenders’ day, being a % ilding i -story-and-1 t i c ikl S Nolldsy In. Merviann, the oo Write or call for weekly mar- BUILDING: The building is a ten-story-and-basement stone, brick and reinforced concrete, fireproof = o % ket latter. structure, the first floor being divided into shops of the better class, and the upper floors are arranged ek el D ceeskals 4o obinian for office purposes, so that they may be rented in units of varying sizes. The demand for this tope 103% 103 31; | as well a8 a number of large industrial BUCK AND COMPANY of building is such that a_great many reservations were made therein before the ground was broken, et 2 Pan-Amer Pete 6s. 102% & plants are closed. Financial obliga- o The building is now approximately 90 per cent rented. i e & 5 Phila Co 5158 38, 103% 10315 tions falling_ due vesterday or today Evans Bldg. Eited stater ] : Pierce-Arrow 8. 961, 9615 9614 |are extended until tomorrow. The 1420 New York Ave. VALUATION: The property is valued at more than twice the amount of this loan. Bt el o h 3 sl 1085 1081 courts and other municipal and State 3 Punta Alegre 7s... 11 108 offices are also closed. INCOME: The gross annual rental of the building is $93,150, and the net annual rental is estimated American .. ... e shask c at §55,000 per year, or approximately three times the amount of annual interest on the loan. Eum'.n ses . s : 5 96 222832 %0z ARARALLLRLLS S Rt n s e i e R R B 52 & Trust.. 5 North Am Edis . 500 Nor Ohio T & I s, or States Pow 3. Nor States Pow 6s. Pac Gas & E1 5 PacT & T 1st 58. el SR e RS T ‘ TITLE GUARANTEE: The title to this leaschold has been passed upon by Leon Tobriner, Attorney i ' i o] 100% 10 for The Federal-American Company, and guaranteed by The Real Estate and Columbia Title Insurance g e L a1 Ie e LIBERTY BONDS CALLED Companies. i e | SolltiRsh Bl bE, g The United States Treasury Department has called YIELD: o o sl AR $1,200,000,000 Second Liberty Loan 41,% Bonds out- Barber & Ross Ino v 2 a g Kast Orient 7s, " R l““’;“ standing for redemption on November 15, 1927. Inter- e These notes bear fnterest semlannually at the rate of 6% per annum, payable March 1 and September 1 of each year. . Toledo Fidn 1st 7s.. United Drug 6s.... U 'S Rub 1st rf b8 U S Steel sf 5 Yerchants 3 30" | Utah Pow & Lt l:rflna::m i‘f?vm‘l‘.vw f Vertientes Sug 7: ah i s e a0 Warner Sug 75 39 pise 2 850" " | Warner Sug 7s 41. West Elec 5s. Westn Union 6. . 1| Westinghouse 5s VEx. divident Willys-Ov 15833 107% est will cease on that date. THE TRUSTEE named in the Deed of Trust is The Federal-American National Bank of Washing- i Authorities estimate that a large proportion of Lol 100% called bonds will not be turned in for several years . 5 : A ? Theae notes are offered at par (and accrued interest), and the liberal return as well as the soundness of ’:‘:" since redemption notice will not reach holders quickly the seourity as accepted by us, should appeal to you as a safe and profitable investment. e and a tremendous loss of interest will result. S lo3% We shall be glad to take care of the redemption of on SamAND—n NNAR K BN D D 103% called bonds for you. Wilson & Co 1st 6. e W. L. MOFFATT & COMPANY THE FEDERAL-AMERICAN COMPANY Youngstn S&T 6s.. 13 105% 105 105% Fu!:‘EQS‘ intrs ”‘,:!”";‘:'l‘ S e s RAILROAD. Hill Building, 17th and E?'e Streets N.W. 1352 G Street N.W. creamery, higher than extras, 45246 96% 96% s Telephone Franklin 4662 ereamery, extras (92 score), 45; cream: 96 : ery, firsts (88 to 9‘1 score), ;?“ p;,c‘Z Fe 10’::: it 3, stock, curre e, No. ; P I i, e el 104% 104%