Evening Star Newspaper, September 13, 1927, Page 11

MOVES IRREGULAR | [Coxvew vonx BONDS o sscaincn] Received by Private Wire Direct to The Star Ofice. INBOND DEALINGS Investment List Lower, Due to Higher Money, but Specu- | | | | | | [ | | lative List Advances. BY CHARLES F. SPEARE. Bpecial Dispatch to The Star. NEW YORK, September 13.—Tigh or money rates today, represented by A 43 per cent renewal for call loa , had a slight effect on low inte flelding securities, but did not check | the rise in high coupon domestic or loreign issu The investment world that feels this change in tha money situation is | femporary and after the fifteenth of fhe month rates will decline again, though not to the low average pre- | vailing throughont August and frst part of September. New jssues today amounted 1!7 $44.- 00,000, or alent Jast Neek’s total loans ey represented | uite & diversified list “of Securltion \nd were reported as being oversub- scribed. The market has ahead of it setween $100,600,000 and § Sonds, of which public util dgn government and oans constitute the largest tion, and for poration propor- v Movements Trregular. Tn the day's trading the industrial, sublic utility and foreign government ssues were most prominent. Move ments were irregular, O idation “onl b8 completed w 10pe ¥ from the low of the year. and West Indies on the hand, were off 10 poiuts frum rear’s high ou poor earnings and the iving up by the company -of large Amount of shipping originally ated to the Florida trade. Marine s0ld at a premium of about 2 points sver par. Goodyear bs, U. S. Rubber s and Dodge 6s were fractionally | ower. There was a strong market for such | listed public utility 5 per cent bonds | a8 North American Edison, Utah Light & Traction and Montreal Tram ways, Citles ice 68 were actively dealt in at 105, at which price it is expected they will be redeemed, Third Avenue 48 were r While the regular favorites of the foreign_bond list were declining, no- tably French and German govern- ments and was a broadening demand for many loans that have not been popular this year with the investment public, first because of the much better yields af forded and second on the hasis of im- proved financial conditions in the countries of issue. U. S. Bonds Are Soft. Notable gains have been made the | last few days in all the Peruvian gov- ernment bonds. In the 7} per cent, and 8 per cent issues this amounted to from 14 to 2 points. Bolivian $s, Bulgarian 7s and Finland 7s also have bettered their position. Oriental Development 6s, a Japanese issue, ad- vanced today and are now close to the high of the year, after declining 6 points in the April slump. Tokio| Flectric 68, due within a year, were off and sold on a 6.80 ba The softness in United States Gov- ernment bonds continued, with the second 4%s dropping below their peg- ged price and the new 3% per cent issue about half lower than a week | ago. antic os, of | | 2 Washington Stock Exchange SALES Washington Gas 55—$500 at 101 % Washington Rw "apital Traction Co.—10 at 1057 0. 10 at 106, 10 at 106, 10 at 106, 08. 10 at 1067« Potomac Flec, pfd. 5l5s—14 at 102%. Washington Gas Lizht at 83, Y 100 at 100" at & Fiec, & Elec. National com.—10 ntd—10 Bank—4 ot 40 at 10371, tional Mige. & Tnv a7, pld.—10"at 7% AFTER CALL. tion Co.—5 at 106, I Joans 1 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Capital Money— Amer. Tel Amer Tell & T Am. Tel. & Tel. ¢ Amcu.m:t & P Capital Traction R City & Suburhan 3¢ Georeetown Gax 1 | Det E the | 10,000,000 | the | allo- | | Mex me of the Belgian, theve | Asked | 2 14 173 16 89 10 10 " FOR Lib 3%s. ... Lib1st4%s Lib2d 4%s. Lib 3d 4% Lib 4th 4% US3Ys... US 451944 US4uss2. | Argentine 6x Ju £9. 1 | Argentine 6s Oct59 | Argentine 63 A | Argentin trali Austra Bank of Chile 6%5. Belgium 6 Belgium 615 | Belgtum 7. | Belglum 7s et | Relgium 7158 | Bolivia 8s... Bordeaux 65 | Brazil 6145, | Rrazil 7s | Brazil 8s Bremen, State, 7s. | canada 58 1931 | Canada 651952 | Canada 51551 | Chile 75 1943, Chile 831941, | Chile 851946 inese Gov 1 istiania 6s..... Con Pow Japan 7s. | Copenhagen 5155 Czecho T2 | Czecho &= . | Danish Munic 8s B Denmark 6s. D E 15158 Mch 53, Dutch East 1 6s 6 Kl Salvador 8s 48 nland s f 65 45, niand 7 amer ench 7s.. rench 7143, ench § German German 2 Ger Gen Elec 7s. Greek 7 Haitl 65, Holland-Amer 6. Italy Ts. Italy Pub 7s Japanese 4s Japanese 6 Lyon Marxeille 65 Mexico 4s 04 asntd. 0 45 10 asntd, nds 6s nds 6s 72.. Nethe: Nether!. Nord 6 | Norway ' 6e 1052 113 26 High. 101 16 103 11 100 18 1014 104 105 24 108 24 10 10 10 10! 101 11 EIGN. Sales. Hig 10 1000 2 1% 10014 103 96te 95% 911y 101% 100 | Orient Dev deb 6s. . ¢ Paris-Ly-Med 6 Paris Orleans Ts. Peru T3s Peru 8s. Poland 6s 40 Poland 8s. Porto Alegre §s Prague 7%s....... Rio de Jan 8s 1946, Rio Gr Do Sul 8s. Rome 6145 Sao Paulo 1950.. Seine 7s 42 Serbs Crot Slo Soissons 6s. Sweden 6s Toho Elec Pow 1s.. Tokio 3s... Utd Kingm 53 Utd Kingm 5125 37. | Uruguay 8s. Yokohama . Ajfax Rubber 8s.... Am AgriChem T%s Am Cotton Oil §s Am Smlt &R 1st 5 Am Smit & R Am Sugar ref 6s. AmT&T cltr4s, AmT & T cl tr 58, AmT & T sf 58 AmT & T deb 5 Am Writing Pap 6s Anaconda 1st 6s. .. Anaconda cvdb 7s. AndesCop deb 7s 43 Armour&Co 415 39 |- Armour Del 5%s, | Barnsdall 6s 1940. . Bell Tel Pa §s B. .. Bell Tel Pa5sC.... Beth Steel pm 5s.. Beth Steel rf is.... Beth Steel 513553, Beth Steel 6s BklynUnion 5158. . Bush T Bldg 5s 60. | Chile Copper 5s. Con Coal Md 1st 58 | Con Gas N Y 5158. . Consumers Pow 5s. Cuba Cane cv 8s. | Cuban Am Sug 8s Denver Gas 5 | Dery (DG) Det E ison ref 6s. 5 | Dodge 6s Mt Vernon Be Washingion Wash, Gas 6 Wash® Gas G Wash, Ruy & Wash! Rwy. & F MISCELLANEOUS s Inc 6 i0d Rarber & R Chestnut 04 NATIONAL BANK Distriet . Farmers & Federal-Amer Liherty Lincoln ¢ SAVINGS BANK. W@ Betbesdn 3 oo & Savings O R athing ton. » o 4 4§ 300 W ¥ TESERANCE RCELLANEOUS, arber & Roke. Inc. com.. PR coame Tt i vid., v at10g oplen ie: ,Ymv o Washingt RUBBER UNCHANGED. NEW YORK, September 13 sked ribled sheets d Bt foday's noon quotation of 34 cents. This com pares with 36% a month ago and 401, cents a year ago. (Spe + | Donner & e ast Cuba S Tis Fisk Rubber 85 | Goodrich 6155 | Goodyear 5s rets Goodyear §5 1941.. | Hershey 514 Hoe & Co 655 Indiana Steel Int J ’k[ml S 5 | Int Paper cv 65 Inter Paper td tTels | Kan cpg1 Kan G & e rin Lacl G ret Laclede G 5% 5 sett & Myers 58 Lorillard (P) 58 Lorillard (P) Ts . 168 17 6 1057 1% 95% 1107 6 1037y 2 99 24 102% 3 108% 3 1047 16 100 1105 22 1043 21 108% 10 91% 41 105 3 109% 10 1073 2 90% 6 89% 118 98% 1 105% 3 107 1 100% Low. 1039 103 UNITED STATES. (Sales_are in $1.000.) Sales. Close. 10116 108 10 100 18 101 4 103 30 105 24 108 24 113 26 116 0 16 13 30 5 24 R 24 326 h. Tow. Clore 994 9914 100% | 106% 107 1% 105 | 1031 | 10, 1073 105 1031% 1043 1007, 105 106% 1147y 1107y 106% 101% 104% 9519 1004 1000 | 1054 106% | Ty | 111'% 106 101" 104% | 95% 100 103 96w 117% 105% 111% 95 MISCELLANEOUS. 10 1031y 98% 1024 10814 10 9974 105 1045 108 911 104% 109 2 1021 10 101% 19 104% 20 225 2 102% 34 95 27 86% 10 106'% 1 104% i 9914 1 108'% 2 99% 4 67% 1 1027% 5 108% 29 1 4106 86 2 105% 4 117% 19 108 947% 13 120% 2 102% 1105 4 101% 981 6 1007 164 105 4 118 Louisv G & E 5852, 10 103% 103'% | Midvale Steel 5s. for's & Co 1st 4348 Y Edison §s 44.. { Y Edison 6%s.. Y G E L H&P 4s NY Teldls.. N Y Tel 6s41... Tel 65 49... 'lo Am Edis 6s States Pow 6. Pac Gas & El b, PacT&T 5s Pan-Amer Pete 65.. | Pan-Amer Pete 7s. Peoples Gas 53 Phila Co 514 s 38 Phila Corf 63 A Phila & RAC &1 b8 Piérce-Arrow 8 ExplicService ¢s. Gas 5152 64 Punta Alegre Ts Reéfhington Arms ‘Sinclair Oi1 6%s. Sinclalr Ol 7s Sin Croas on ¢ Sin Pipe Line iis Keliy Oil 5145 0 Por Rico Sug | Westn Union 6 Westinghouse 5s. Willys-Ov 614 Wiison & € Youngsin S&T 6. . RAIL Atehlson adf 4%, .. Atehison sen ts Atland i A& 41 16 1 116! 5 110! 85 100's 100 5 1041 104 2 100 896 14 101 1 3 107 6 97 14 96 13 100 6 100 7T 9% 1 95¢ 5110 6 104 12 103 1100 4 107 1 105 10w 1011 105 l]‘ ROAD. 11 1047 967 99 1001 15 109% 109 106 4101 100 8314 104% 2 1161 96 ) s 1047 1165 967 99% 109% 110% 100 99 1067 1034 104 102% 10 103 103 104y 10015 9615 10615 108 106 974 % 96 100 100% 100% s 110% 98 2 100 1061 o 9% 1097w 10 1043, A 103% 1035 00 100 107 7 108 10472 10, 1081, 4 100 100 1007 100 a1 107 1025 | 1% 112 1031 10314 1030, 10815 2 1010 1010, A (AN U " o Sales. High. Low. nan 2d 4s 48. IITITI W B&OSW b8 50.. B & O Toledo 48 RBklyn Manhat Can Nat 41¢s 54 Canad North T nad Pac deb 4s.. n Pac 45946 Cent of Ga 65 Chesa Corp b: Ches & Ocv 4 Ches & O gn 41 |CB&Q4tss ChiB&Q Ist rf 5s. CR&Q-113%s Chi& ETIIgn§ (mmwu.. TN & StP4s 25, (‘.\m.\‘ll’u: cofs. M&SP deb 4= cfs 1&StPevdl CM&SPcv415s3 CM&StPgn4 tPrratss Pre4tieet Chi& NW g ChiNW 41 Chi & NW Chi & NW Chi T | Chi RT& P gnds. . ChIRT&Prf4s, ChiTH&S B s, Chi Un Sta4 t58. ChiUnion Sta 614s. C&WI5iR62., | COC & StTL 4158 1& S 1st 4529 Colo & Sou 4148, Del & ITud Tet rf 4s Del & 111d cv 5= 35, { Den & Rio G en 48 D & Rio G imp D Rlo G West 5s. Det United 4148 e 1st cons 4s. o gen 4s. .. econv4s A econv 48 D ecvt5s 67 wi, TaTChs 4., Gr Trunk stdb 6 Grand Trunk 7s. GtNor4%s76D. Great North §s. Great North 515 GrNorgen7s..... TTud & Man ref 5., Hud & Man aj 5s. 111 Cent ref is {111 Cent 4s 5 Tl Cent 4% 5 66 TH Cent rf 5 Tnt Rapid Tran 5s. . nt Rap Tr 5s stpd. Int Rap Tran 7s Tnt & G Nor ad 6s. Int Rys C A bs 7 Kan City Ft S 4=, Kansas City S 5s. Kan City Term 4s, Lake Shore 4s 28, . Take Shore 4s31. Leh Val cn 4158 03. Louis&Nash uni 4s. Louis & Nash 7s Man Ry 1st 90 Market St 7s 41 Mil El Ry & L 58 61 M&StLIstrf4s.. MStP & SSMecen ds MSt&SSM5=38gtd MStP & SSM 5315 MStP & SSM 6% MK & T 1st 48 MK & T adj 5s. M K&T prln 5sA.. MK&T6sC.... Mo Pacific gen Mo Pac 5s F 77. New Or Term 4s O Tex & M NOT &M% NY Cen gen 3148, N Y Cent 45 98 NYCrfim4%s13 NYCentribs \ Y Cent LSl 348 INYC&StL6sA New Hav deb 45 56. New Haved 6s.. NYOntWist4 NYRys6sA6 N Y State Ry 43 NY W & Bos 4 : Norfolk & W cn 4s. Nor Pac 3s 2047.... Northern Pac 4s. .. Northern Pacr i 6s Ore Short Lirfs 4s. Ore Wash 1st 4s. Pennsyl con 415 Pennsylgen4lss Pennsylania gen 58 Pennsyl 55 64. Pennsyl 8. Pennsyl gold Ts Pere Mar 18t 4 56. Pere Marq 1st 5s. Reading gen 415 Tio G West cl 4s RIATk & L 4% StLIM&S 48 29... St L IM&S gn 58 31 StLIM&SR&G4S. .. StL&SFplésA.. StL&SF prin b StL&SF 5% StL &S Fadj StL&SF Inc Bs... StLS W 1st 45 StLS W con 4s 32. StP & KCShL 4758 aboard A L 4s s Seab A L, adj 5s Seab A T con SB All Fla 6525 SB All Fla 68 35B., . Sou Pac4s29...... Sou Pacific ref 4., Sou Ry Con § Southern Rv 6345, , Sou Ry Mo & O 4s. . TexArk FS 5148 50, | Third Av ref 45 60. Third Avead) Union Pac 1st 45 Unfon Pac Ist r Union Pac cv 6s. rginia Ry 15t 5 VaRy &P 5s | wabash 1st 5s. { Wabash 55 76 B. ... Wabash 514575, | West Maryland 4 Western Pacific fs. West Shore 45 2361 Wis Cen gn 45 49.. is CLEV ciah.—TIron ND, ore gust, the total short of the 1 August, 1 total 3 657 under last year. in season is time, sA mond FRANCI growers ance in the owing urope. Opening crop range from 1 avious grades, an cent_over last ye of 12,700 tons i NEW ORL wds sales, which me by the vrices, again of reco ave reported. creasing st PORTLAND. Lumbermen’s past 1l e sales A of busin we lines Drec Wl shipments of pine mil with les of 1,000. Buff R & Pitt 413s.. shipments thix port continued to decline in Au- being (s 260-ton record set | * hipments for which 708 expe pric to the short ANS per hoe week reported sh also show a holids 1 e 96% 100 104% 104% 107% 103 111% 104% 86 9714 72 9614 99% 104 1034 W% 108 111% 9T 681 69 67 10415 95 100 110 106 K314 807, 9474 10014 110 106 R 0% Bt s N s 95% 1871 921, 1004 BaannilEs 4 10614 100% 92% 9615 a0 101 10 9 1 i 1 1 2 8 6 29 B 29 4 4 4 3 3 14 16 3 8 9014 87% Commodity News eptember 13 thr the tons, record at 0. lifornia t material of their prc crop pricex on the i o 26 Ivinee of ab v's prices, A pected. e W hole were ch cent in full eaking sales 1o ed v swing West ociation mills s compared with prodi % of 96,80 West ump, feet, 4 K, ord 106 ¢ sl 30.725,000 and Closed ' 104% T2 964 10014 104% 103% 107% 108 111% 86% 97% 9818 9714 | 11415 | BY_the Associated Prews. 8615 | NEW YORK, September cotton market opened easy further decline of 45 to About Retrace Loss. 13.- | with local and Southern selling. Rearish or reactionary evidently ment in 10014 100% | 1074 | 89 2014 the weakness of in the South. Prices sold off to for December and 21.74 for under initial offerings, but at | figures there appeared to be a 21.! some | dications of a renewal weather in the South. cember rallied to, 21.75, but t was still rather nervous unsettled at the emd of the with active months about | points net low vivate cables liquidation in the and that the cloth in Manchester had by the decline. Offerings tapered off affer break to approximately the level for December and the | rallied. hy talk of tion after the heavy liguida past three davs, while there wa [ bving on prospects for m | tled weather in the Sonth. De sold p to low level net higher, forecast was of 1001 110 106 Rang | 0w | 948, any 1001 171 10474 993 a9y, | 98w | 978, reported Liverpool and v the 20150 b but the rather official | 9214 | 10014 | better than COTTON HAS RALLY AFTER SHARP DROP Prices Sag to 21 1-2 Cent Level, Then Snap Back to The | today at a | 50 points | { under continued liquidation, combined | sentiment found additional encourage Liverpool and reports of continued good weather | March these little more buving, and there was probably | covering on belief there were in- | unsettled | the | and tirst hour, | 30 extensive | market 1 business been demoralized market | The buving was accompanied | n improved technical posi ion of the s also unse 03, or 57 poluts above the | the morning, and 5 pojnts | wenther ex- pected, and the bulge met some realiz ing by early buyers. At midd: | active months were about 7 | points net lower SUGAR MARKET QUIET. “to the | \WHEAT PRICES BREAK: CORN ALSO HAS DROP Severe Setbacks Suffered by Both Grains—Latter Has Some Recovery. P the Associated Press. CHICAGO, September 13 (#).— severe fresh sethack today, wheat col- lapsing rapldly 5'3 and corn 5%. The chief disturbing influence was the Canadian government crop report, which taken with recent official figures from Washington showed 000,000 bushels more wheat in Canada and the United States than at this time last vear. Wheat today started at 3 to 54 off and subsequently held near to the initial hottom level. Corn opened 2% to 5% down, but later achleved some. what' better recoveries than wheat. Oats were easier and provisions like wise declined. As analyzed in Chicago today the Canadian government wheat estimate | added to " 40.000,000 bushels carry- over pointed to an exportable surphis in Canada of D00.000 bushels, As <uming a carrvover in the United tates of 100,000,000 hushels, the offi cial domestic estimated yield make a surplus of 000,000 bushels total North American surplus ¢ .000,000 bushiels, whereas world | port requirements have been estimated late as only 748,000,000 bushels, o 1t outside of Canada and the United ates all other exporting would have to provide a total of but 118,000,000 hushels, In some quarters here today a dis | position was evinced to question the wcenracy of the Canadian wheat erop fizures, but this disposition was not {reflected to any great exte the ction of the market. Experts, how ever, called attention to the Can fixures on oats, which showed | mendous increase in the face of a UNANINOUS reports from tield observers | and from the Canadian trade that this | crop had suffered heavily and in many scctions was a z:r)m;-lNe loss. NEW YORK MARKETS. NEW_ YORK, September 13 (#) our—Easy; Spring patents, 7.0 : soft Winter stralgh Wheat and corn wrices suffered a | would | countries | MUCH LUMBER EXPORTED. NEW YORK, September 13 (P).— Winnipeg dispatches to Wall Street say all export records for Pacific| Coast lumber have been broken, ex-| ceeding 400,000,000 feet for the first half of 1927, an increase of 17,000,000 | feet over the first half of 1926. New business totaling 31,000,000 feet has gone to eastern Canada by way of the Panama Canal. Shipments to! Japan have fallen off, but exports to | the United Kingdom, Kurope and| Australia have increased from the | Canadian North Pacific Coast. The | British West Indies have hecome a promising market for nunma- fir. | | BUYS BIG LOCOMOTIVE W YORK, September 13 rgest storage battery locomo- | the world, weighing 110 tons | capable of hauling a 1,5 has been hought by tha nerating Co. for service in its yards at Hammond, Tnd. It was built by the Gene ectric and Electric | Storage Battery Cos. Its storage bat- | tery Nk ®.—| The tive in and train, Line ¢ O0IL WELL COI’di’LETEn NEW YORK, September 13 (4).— Rio Bravo Oil Co., subsidiary of the Southern cific, has completed a well at Plerce Junction, Tex., flowing 1.500 barrels daily at a depth of 4 feet. LOANS MADE —on trict Solinibia i ol ! Lowest Interest and Com- mission. Prompt Attention THE COMMERCIAL NATIONAL COMPANY i ) | and N | | | | h Cap 5 Natt iank Riag. 1in & 6 Mortgage Money Loaned at Low Interest Rates Tyle;flknzmkfifi;:;ford Lonn Correspondent Matual Benefit Life 1520 K Street ~ Main 475 REAL ESTATE LOANS Money to Loan Secured by tiret deed o trust on real estate | Prevai nn. nterset_and commigsion Joseph 1. Continental Trust Co. 14th and H Streets FOR SALE Capital $1,000,000.00 490 PREFERRED 390 COMMON Real Estate Mortgage & Guar- anty Corp, at $11.15 a Unit By Miss Hazelle Martelie Masfi Franklin 4187, Checking Accounts Savings Accounts Time Deposits Foreign Exchanges 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 r Apartment. First Deed of Trust Notes for Sale Secured by Improved Real Estate in the District of Columbia Principal and Interest GUARANTEED REAL ESTATE MORTGAGE & GUARANTY CORPORATION Main 1403 26 Jackson Place Resources Over $4,000,000 L. E. Breuninger, President Continental Trust Co. 14th and H Streets WADE N. COOPER. President Capital $1,000,000.00 LET US FINANCE YOUR HOME LOANS To Run 5 Years No Annual Curtail 1007 | reported vp declines in shipments | | and 1.08% c.if. Barley—Fasy; malting, | New York. Lard—Firn 1 1 5. Wheat—F ; domestic Small Demnnd in Spot Market Re- flected in Lower Futures Today. NEW YORK, September 13 () The Raw Sugar Market and unchanged early today ~ | Cuban duty e only ted was & of Cub rday to a o for Cuba, equivalent to 4 duty paid, but local refiner unwilling to pay above 4 The failure of demand in the sffot market and disappointed attitude of the Market in view of our firmness vesterday caused renewed selling pre ire in raw sugar futures with pric easier thronghout the forenoon session | and at midday showing net declines of 2 to 5 points. The principal sell ing seemed to come principally from | houses with European connections, In refined sugar prices were un-| ged at 5.80 to 6.00 for fine granu- | with @ better inquiry reported at the inside level. 51,9 Interest WM. H. SAUNDERS CO., Inc. Main 1016 1433 K 5 % FRED T. NESBIT 1010 Vermont Ave. Maln 9392 export 4 cif. Middle West ures gpened December, . Other s 147 | 477 for sale re n done 9ot a6y 90 101 | seemed broaden rather London | of to the The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the Dist of Colun.bia and Nearby Suburbs in Montgomery County, Md,, for 3, 5 or 10 year terms on your 5Y2% Apply HAGNER &. COMPANY Incorporated LoAaN (CORRESPONDENT Telephone Main 9700 Idle Funds FLAZY money s money that is not doiig its share to help you along in the world. UT idle funds to work by purchasing First Trust Notes se- eured on approved D. C. properties. he interest rate is 6%. ...._,MCKEEVERMGOS [(REALTORS ], 1415 K St. Main 4 —on improved D. C. property at prevailing rates of interest. STINNES CORP. PROFIT. NEW YORK, September 13 (). The Hugo Stinnes Corporation had net_profit of for the second | half of 1926, it is shown in a report from Hamburg, Germany, to Halsey Stuart & Co. and Recker & Co., sint fiscal agents, Net earnings were $1,976,126. Apartment Office Building Business Property See Mr. Field Hedges & Middleton, Inc. Realtors 1412 Eye St. N.W. Franklin 9503 Home i RANDALL H. MORTGAGE 1321 Connecticut Ave. POTA'I;O MARKET DULL. CHICAGO, September 13 (#).—Po tatoes—Receipts, cars; on track, TUn ates shipments, : trading rather slow, market Wisconsin sacked round whites, ed Sandland sacked Red River Nebraska ed | Idaho s ervics Ohios, Ohios, New Issue— 325,000 — 6% FIRST DEED OF TRUST (First Mortgage) NOTES SECURED BY THE HILL BUILDING Southeast Corner of Seventeenth and Eye Streets Northwest COTTON GOODS QUIET. vV YORK, September 13 (Spe Cotton goods market was quiet unchanged price level Print | cloths were quoted at 91; cents for 64x60s and at 1013 for 65x Raw silk« were unchanged in slow | i market. | a PRICES 70N PARIS BOURSE. PARIS, September 13 (P).—Pric were heavy on the Bourse toda i Three per cent ventes, francs X0 | centimes; on 12 London, cent loan, dollar Wi centimes, ntimes. francs EARNINGS SLUMP. NEW YORK, September 13 (£).— The Buffalo, Rochester & Pittshurgh | Railway earned only 17 cents a share on the preferred stock in the first in contrast to $3.24 a e on the common stock, after pre- | d dividends, in the first half of | Net income dropped to $10,308 | 510. The second quarter showed a net loss of BT | FOREIGN EXCHANGE (Quotations furnished_by W. B. Hibbs & Co.) Nominal Selling ¢hec 1928 1929 1930 1931 1932 e September September September September September 6500 payable 6,500 payable 299,000 payable $325,000 Total amount of this issue. Dated September 1, 1927, maturing in 1 to 5 years. Denominations: $500, $1,000 and $5,000 erown. 2oty en. Crown, Stockholm, crown NEW YORK, September 13 (®) Foreign exchanges firm; quotations in cents: Gres demand, 4857« cables, ¥ bills on’ banks, ce, demand, Italy, demand, 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 3,475 square fect, fronting 100 feet on Scventeenth Street and 34.75 fcet on Eye Street. ADDITIONAL SECURITY: These notes are the dircct of on of The IHill Building Corporation, and the payment of same is unconditionally gudx‘ulxull by the individual owners of the property. LOCATION: This property overlooks Farragut Square and is within the immediate neighborhood of the United States Chamber of Commerce Building, the Army and Navy Club, the Metropalitan Club, the Transportation Building and within two blocks of the new Mayflower Iotel and the White House Transportation lines pass the door. BUILDI The building is a ten-story-and-basement stone, | structure, the first floor being divided into shops ot the better class, and the upper floors are arranged ior office purposes, so that they may be rented in units of varying sizes. The demand for this type of building is such that a great many reservations were made therein before the ground was broken The building is now approximately 90 per cent rented. VALUATION INCOM The gross annual rental of the building at $35,000 per year, or approximatcly three times TITLE GUARANTE! for The Federal Companies. 10014 10415 1004 105'% 851 13.911; 40.04% Denmar 85 Spain, 1690 Poland, 11.20: Czecho- | Jugoslavia, 1.76; Au Rumania, .62; Argentina, 11.81; Tokio, 47.0 100.03 1 SHORT-TERM SECURITIES (Reported by J. & W. Seligman & Co.) Belgium, Holland, weden, 26.87; orway s . and reinforced concrete, fireproof (Spe- ough tons The property is valued at more than twice the amount of this loan. the is estimated is £93,150, and the net annual rental e | the amount of annual interest on the loan Attorney le Insurance The title to this leaschold has been passed upon by I:rnu Tob n Company, and guaranteed by The Real Estate and Columbia 1007y al ad i A These notes bear interest semiannually at the rate of 6% payable March 1 and September 1 of each year. YIELD: annum, Carn Rwy. Bhaw 1K per ot 1 crop | THE TRUSTEE ton, D. C. & iliinen Taa 7 named in the Deed of Trust is The Federal-American National Bank of Washing- o ) w110 ary | for a e in and tions e in- These notes ure offeied at par (and acerued interest), and the liberal return as well as the soundness of the security as accepted by us, should appeal to you as a safe and profitable investment. THE FEDERAL-AMERICAN COMPANY 1352 G Street N DRt Biax 1016 ‘vast the Oi1 of o ut with | swifi & o etion To produce results a be cultivated, v teian) vt SK must happiness.