Evening Star Newspaper, September 15, 1927, Page 15

FINANCIAL ; TAR. WASHINGTON, D. €. THURSDAY, SEPTEMBER 1927, FINANCIAL » 15 DIVIDENDS. favorable rains and l-;?lfwea;heri‘:\nn- . . souri's corn crop wil 'all far low Pe. . dre. of " TREND |RREGUI.AR AUTU TRAUE BEG'NS New Bond Isues || couper aue B 3% %3y| | Commodity News ||y emecutions secortoe eo”ihe Received by Private Wire Direct to The Star Office olian Co pf.. 1%, % s S -ent, or 466,000 acres, of corn not tas- v | | NEW YORK, Seplember 15 (Spe- 'A?‘n%..‘:‘ I’u(.|;l. e § : CHICAGO, September 15 (Special). | saled on September 1, present pros- } clal).—A new bond issue of $30,000,000 Do ... .. i —P:lrkgp;‘odma:uhu‘('lll’l'e::e l;flrvzé:i: Ll:: polcrs n;‘e for a crop 23,000,000 bushels ; | .—A ne 000, A : Boe packin, ouse bu 88, B b t 924 1 | UNITED STATES. AtSuln = Baies Hixh Ler-Cl | California ¥dison refunding mort- g - 50 S VHEL AHAE UG gucdT WARE T e ot (Sales are in $1.000.) b il o o aee ‘15 Ot SCH ADY. Teco Sales. High, Low. Close, | AtlanticCLel4 935 91 a3ty | gages, gold bonds, series of bs, due dressed beef 21;¢c a pound above the| 2 The largest stor- | ) i o r price & vear ago demand is slack. age battery locomotive in the world, Lib 3% 10116 101 14 10116 | Atlan C L 4148 64.. 10 100's 100 2 and priced at par, 1s being offered | 4, "w\i ¢ - : i ch 9 to Libist4lis 10311 10311 10311 | Atl & Dan 1st 4s4 82 82 82 today by Tlarris, Forbes & Co.; E. 1L | At Metal Corst..d Dressed lamb business is better. weighing 110 tons and capable of Call Money Rate DI‘Op Hasf Lib 2d 44s. 10017 10016 10017 | Atl& Dan2d 4s48. 19 Td% ¢« 4% Peak Expected in February.‘,:,‘m,,;& Sorv i otk B ilih"hl‘l".\“l\& ‘; hauling a 1.500-ton train. has been 2 2 i FORT WORTIL—Shipping of green | purchased by the State Line Generat- 1ib3d 4%s. 1014 1011 1012 |[B&Oevils.... 10014 1001 | Canidian Can ‘Gt . art- | ing Co. fre 3 : C | Lib4thays 104 104 104 104, 1044, | Gent 1t 1.m ® sweet potatoes from Texas has start- | ing Co. from the @eneral Electric Co. Little Effect—New Issues | s am1aa 10829 108 29 10829 3 s 104 104w 104 Price Cuts Expected by | runiic otcring is being made by al ot US4xss62, 33 c O 6s. 3 103w | banking group comprised of Hallgar- | Do pf Today Are Large. FOREIGN, B&OSW 650, 121 Judicious Purchasing. [en & co, Kissel, Kinnieutt & Co.;| Pojie #8er ed, while more than 100 curing plants The locomotive wiil be used in the in east Texas counties are all pre- company’s vards at Hammond, Ind pared for curing operations. Grow The battery alone weighs 39 tens and are facing a low market as the result | delivers 1,000 horsepower. of shipping unsold potatoes and the dumping of weevily potatoes on the | market. Tnereasing cost of living has eansed many demands for higher wages in TERSON (1 Ma.— Despite | (zechoslay 1 by : Sales. High. Low. Close. | B & O Toledo 4 6 W R | Halsey, Stuart & Co.; Lehman Bros.,| Do lst v L Argentine fs Ju 5. 19 99% I : | S = 3 Do 2d | Ars EKlvn Manhat 65 g satt & Co, Willlam R. Compton [ Dixon Gios) BN ARG wospmam. | (TTeES SRl 1L Ao : ,'Hurr R& Pitt4335.. 9 | BY J. C. ROVI [Co.. Northern Trust o, (Chicago), | Rome Mines ... 5 e el el el S S 9715 9715 | Sueeial Dispateh to The Star e .11, Rollins & Sons, Equitable Trust [ Do ' . RESH NEW YORK. September 15 . 195 97% | Can Nor 4123 1 as EW YORK, September 15, The |Co., Parsons & Co., Tllinois | Bmp B & M (In) $1.50 abrupt decline in the renewal Australia bs 19; > as'y | Canad North 7s. 1145 | vast huying power of the automobile | Merehants' Trust o, and Ames, Fm- | Yepieio”! N money today from 41y to Austria 7=, . <« 3102% 1 R Canad Pac deb 43 K69 | industry, which is the main )II\'vn(‘r‘lH‘h & Co. of ‘Vha new issuae of Inla'r'm‘fu’lv'n‘”y. nt verified the prediction 1 Bank of Chile 6735, 30 95'a 93l 95 | Can Pac 41s 46. 981, | acores af lines of production, is heing | $25.000.000 Republic of Colombia 6 per | Intereont: Rk would ease off precipitately jus Belgium 6s. L84 90% 991, 94t | Centof Ga 6s 9 10214 | increased steadile and the peak of (he | cent external sinking fund gold bonds. | | soon as the September 15 Treasury | Belglum 615, 1043 ; { Cent Pac 1st 53 9 10n piviE movemont Sihien dHRn RO BRGEEEnR iature: FEDEY 1 Silel financing and interest and dividend | Belgium 7s. 1074 Chesa Corp 58 wi.. {7 aietied protadly ANt ine teach ol andiie i TECETIALE ATHICR YIERE S lison Square G isbursements had been effected. The | Belgtum Ts o * 25 105% 54 | Ches & O gn 4158, 26 100 100" | hefore nest February, e cent. e 1R g1 7 iy chtas iCTenEr Belglum 713 D76 114t vl ohi & At Gty 61 he leading interest in the indus - ’ & ion Ste e :hd‘.'.;(:"':,.,’,"",..mmw. £ the b Tum $s. 1 i Q 96 96 960 and the smadler independents ave buy- | A Sy idic o «»f‘*‘{um‘r»“," Trren L REE R, market, which was irrexulare and mod- | B G 1 : 1 [CB& QA% TTR 100h 10015 100 er quuntities of ateel, glass, |l Corl S0 B ot | N Gostiei Comp S otive | Eor 5 100 CNIRKQIStrfas. 2 10it 107 107 P eather, vnher and owiert [ehon & Co. Juln Nickersn & Co. | "' o "he day's issues of mew securities | B % . 2 93 |CB&Q-IN N Sl rous ihetals i over e e | Sccurities Cospeation, Camtental N0 b i g XY xceeded $80.000.000, of which over | Brs . 970, { Chl & 13 Ul gn 90t 90% | purchases of raw materials b s L& Commerolal Gt Ve S HimBGaa & S voraib Gin e heiveseniod piillc ity | B St | Cni Gt W 43 5 e oot eornany 1y o mea R O R i Uanci b o el and 30 per cent foreign government | Canada § 2 5 M & StP 18 670 Lt the same tme that the automobile | wnd A, \ & Co. forma AN ANALYSIS OF Ripla), c Sig il ; ; e 2 L ek pants closed down on pro- |offer today the new issie of $10,000.000 | Bethlehem Steel Corp. el S ey i gy s LT db s, | duction of the ald models and LN . o e e e G i ; feMasiTan s e e e S|tz siking P i hanie, % | MEE P 8 0 Common Stock ecte ha \ of the g .10 s 2 o e o i [ per cont s, maturing June 1, 1947 Us: Flata. Glase. 2 T‘J “JH.’T made im ~"‘ za. ke :_mn'rf-ll b, 2 5 3 el e e 4 E 2 Ford Buys Carefully. | The bonds are being marketed at 97 | Seeman. Bros.... ng the total « his week | Con Fow Japan 7s. S 7 | aking advantage of the late Sum-|to vield over 6.25 per cent. St, Regis Paper. | . to the hizh level since early in|cCuba 101% | CM&SPevdigsdie ki i e G 1RGOt Tiagamsity for | g . B T AN . 1 8 Copies may be Fad upon requesi ; shesameind B srcta... 3 105w losk 103 | & A St D CO4H S O8% | met Ul and A ey, ‘the Ford eom- | An lssie of 35,500,000 Dixis Guir [Siete Bi6,°f,\of ! /4 4 ks o German 7 Redemption. Pomranda i i 10N R St P b 104 | pany: has hought carefully hera and [ Gag Co. Arst mortgage 61 per cent IE A sh My . o - i = \ 2 g 4 h One of tha most important annaunce. | Peie Nunie B8 4. ‘1‘|‘|,‘; Ohi & ) 951 | there for progressive delivery, glving | Troy Sunshade . Ry ; rinls and auto- ments of the day had to do with the | Dani=h 1 1| Gt NW 4 t5e 2037, 2 Tote 00 e | DY cors 5k Fw. i LtiaTs a1 redemption of the first lot of German [ DRTATKES . oone 11 107 3% Jomms | Chi & NW ret 55 11315 1131 11315 | mobile parts all over the country or Government 75, which have = been|pyion face 1 68 47 1045 | Chi & 2 1064 1061 | ders caleulated to keep them husy drawn in the amount of $4.239,800 and | piet FESE L A8 e % 1051 | Chi Rys 8214 W 8215 | xix months or more. AL the same tin S -, cecoccoocooonos WE HAVE PREPARED el coccee, sinking fund gold honds, series A" with non-defachable stack purchase | warrants, maturing September 1, 1937, is being offered hy Blyth, Witter s ; o, Anthony & Co., God- will be paid off at 105 on October 15. | py'coy Ao 19 4 1075, | CHRT& P! 9 91t | the very eanny maunufucturer dard c.; Moore, Leonard & : Halsey Stuart « bt Coget O Br 91 50 public Trust & Savings Bank (Dal at the redemption pr German Azr Bnk 78 . 1011y | Clev Term 53 4 I 9 | means of keeping production for ing in Texas and Oklahoma), 5 per | Active volcano 3 In the world today New York Philadelphia Boston somewhat reactionary. The unusual|Haiti6s.... a9, 10015 { Cuba R R 58.00euee 0Ty 974 [top speed, expecting to make | 1967, optional May 1, 1937, The hond - —— over of mearly $1.000.000 in bonds | Ttaly Pub 7s DBI& 10 cw VMEs, S0l 38 deliveries. [ per cont, to the optional date, and 5 (| REAL ESTATE LOANS The honds today opened at 107, &l pigjangd ot 6s 45 9 96, [ CHITH&ES K 9y 9O | BIVE raw amaterial men no can Lanch, R Waters & Co., al E <202 high as 109 Purchasers at the pres- | pranch 1. 3 6% 10 Chi Union Sta 6158, 2 118 2 1184 | ply and his price curve charts thot S SRz Members New York, Philadelphia and Boston Stock Exchanges paratively high yield on these bonds | brench gs- .. on .. i IR e [Arma”ne has patronized have heen | Kepublic Trust & Savings Hank (Dal- at movement fn Peruvian Government | Hungary 714 profits from buyers of lesser quanti- | nearly $1.000. 2 b 95% 9514 | Da) & Hud 5. ; Total purchases for the industry | per cont thereafter until redeemed. this week was checked by profit|,, . ., P 9 Den & Rio G en 45.. 25 4 (b o7 Hia Ke RISt euse than ek Aot i 5 1/2 % ; i o . Y 5 : i profits will he | 99, to yield over 6.55, Do pt L tractional gain, aud then declined | pinjang 7e.. E 10013 | Chi T H inc 65 60. . 9 Torifeduink, thae taclt Profis W = 1 S"md Aids wrs 4 W M & slightly. Last Winter they sold Framerican 73 5 5 ' 1054 | Cli Union Sta bs 44 ! tebibigh e lnows L5 SOULGes DRAUD) . Redmond & Co,, | Washinkton Ol . .1 . EDWARD B. S ITH Co. The | Guardian Trust Co. (Cleveland), and | " 56 Of ent level would still obtaln a com-| prench 7154 1147 | Chi & W Ind cn 43 91, 8 91y | oughly and buys most closely. T | H ; ira year hence | {ccoas 2 3 108 I to get (he Ford business as 1508 H St., N. W. Washington en if they were drawn a yea | German 73, s $% 106% | CCC & StL rf 6% AL 310 Joint Stock Land Bank (operat- The South American group Was|Ger Gen Elec 1s % 1041 | C& S 1st 452 g9t 99 | torether and machinery w0k, Sl cent farm lonn honds, due May 1, [number 430, jxsues which has involved a turn-|Italy7s Del & Hud 1t rf 4s. % 9 | {jea or those who must have speedicr {are priced at 102, to yield about 4 taking after an average rise of about | 2P0 & P oratn. + Chile. Gn. which recently | Jaaness 6%s. .. 1011 D Rio G West fis... 15 ; those of 1926, but officials connected | FOREIGN EXCHANGE. e E okl . B 100 9515 with the buyving departments of vari mold at 921(, were off 113 points from | yjargeijja gs 100 q 9 ous companies say that materils con- | (Quotations furnished by W. B. Hibba & Co.) | this level today. Brazilians Were Mavicosso4asntd. - e 3 E 51 851 | 08 By e i | e stronger, as were some of the South | Mexico 4:10;_’_2“: ! tracted for this Fall and Winter wi consominal Selling ch | FRED T. NESBIT i o . e amount pur- | e d " American City bonds. Polish 85| \evico 5s asntd | exceed in volume the amount j London. pound .. ...$4.K665 $4.88% 1010 Vermont Ave. Main 9392 struck par. Most of the Belgian and | Montevideo 7s. . ... 8 i 2 : ais | chased In the corresponding period a | sfont dollar . French Government and municipal | Netherlands 6 e purchasing agent in the auto- | B issues were higher. Netherlands 6s 106 FlaEChsT4.. 4 97 | motive industry,” said an executive |Berin. s o Ny R, r - 3r Trunk s s 5 3 ¢ “ he | ik, Srand Marine 6s Bid Up. ‘\.f,';"",:)};,’,‘ I Lo gi;f,'.{"'f*'n"ffl:fi 3| of General ‘Motors taday, i A feature of the industrial list was | Norway 6s 19 i Sl sl :.\,V:‘..‘w;n.:._‘h,:flv e e | the hiddi\v'\x up nsr lm'rnu’lm;lgll‘:del" Norway 6s 1944 5 103'% 74 | Great North 5s. {hings. e must keep a step ahead | Buda cantile Marine 6s around o o 2 Great North 515s. . O T e Is r from and | Ktast 103, the highest of the vear. These Orient De\’r::ibfifi‘!.. : 2;“‘ 97 94| G Nongen Ts. ':”Lho k.:’.:x“::‘ hm”,m m_::.i:;:‘r ‘m:‘q’(‘»n‘r:‘! | Warwas , by g bonds are redeemable at 110. Fre- ted 7a.. 5 1090 Sore | Hav B Ry 535851 T v and cost ot profuction, future | O5lo. ot : RESIE R Siak b ek Na fioin ) Curital quently there has been heavy buying 5 oo 19 105% | Hud & Man ref 5s. 100% 1005 100% “"l;'l"" and distant price trends than | Stockholm 1t \ x To h 3 . § o of them by the <‘0mr-nql.\_'f‘ Bm.lvxlehan: 0 108 & 107 71, ; 1ud & Man aj 5s. 92 02 92| hainan he is buying from. Backed | NEW YORK, September 16 (P).—| ’lhe Se(‘ret | 2 o hear the praise of our satishe Biasl 4/ touched 205, §iThe morament r R4% [ 111 Cent ref 43 6% ¢ b this knowledze and fmmense DU | Foreign exchanges mixed; quotations i ilienteltriontoailisaihawiiboroudiia d 58 “ap oland 8s. 100 4! Tl Cent 43 53 894 R4 a1y | ing power, the automobile comps reat Britain, demand, 486: " ¥ T . & 5 5 have r;flm(;na:ed around 86, Dodze | prague 71 {111 Gent 4% w66, 100% purchasing agent is able to d R, 4: 60-day bills on banks, T IS said that | this medium of safety is holding the = declined 3. Armour 514s were | Queensland | el E o o s At CvéE Yecy T By pScCRipity 0 (U B Tlbber e fiiod.,y::g.‘q‘s B s i o | e e Buyine powet M Ll L) k'h? secret of Shlt, Wi weve smot OF the docal RIars gl e ; : “| Int Rapid Tran 6s. . 803 the industry makes for vastly in-|5330 making money is 4 bl i tions." “There was further selling of | Riode JangsdT... 3 103 " 10: 108 |IntRap Tran7 95% 98% 98% |oreamed production of materials. | Demand—Belgium, 18 the SAVING of it. ‘ stantly winning '}\e faith of people less ot gt RS ; Rome 63s..... 4 a1 |Int&G Norad 5% 9 standardization of quality, more ef- {237y Folland, 40.043; Norway, 26.4 Mg | experienced in Financial Fields. The high coupon railrcad bonds . L | K11 ficient handling and for lower prices. | Switreriand. 19.28%: Spain, 16.91 ONEY invest- il R ; * | Sao Paulo 851 4 1067 | INt RYSC A B8 72.. ) L is9 | such as Northern Paeific s, Baltl- V)7 > Int Rys C Am 6s 41 9515 95% | which are reflected in the price of | Sicoden, 26.87 Denmark, 26.751 millgge i more & Ohio s, Great Northern s, | S2X0n (PW) 7 1023 § 1 101% finished automobiles to the final|Greece, 1.33: Poland, 11 Czecho- | = t'# I"‘ First il FIRST MORTGAGE 9 92 owner." | slovakia, 614: Jugoslavia, 1.76; Aus- | rust Notes on ap- i Cuts in Raw Materials. ! §; Rumanin. 62; Argentina i i SECURITIES 7 B o respect of older Investors and con- repammZnsBResman~ & o J X 5 | Saine 7543 . + | Kansas City S 3s... Pennsylvania -613x, Nickel Plate sizs | SeRe TS 420 -c Tome | Kan City Term 45. and Central of Georgia 6s were all| goios Wo0lS 981 | Lake Shore 45 28. : proved properties atrong. though most of these bonds' Siadon 51gs 1044, | Lake Shore 431 Recent and prospective cuts in : Brazil, 11.87%: Tokio, 47.00; i salioredl dne it - are all well above their call prices. | Syiss s 1041 | Teh Valen 434503, automobile prices. the purchasing ex- | Shanghai, 61.37%; Montreal, 100.03%. . 5 it SHANNON ‘&.; LUCHS 2 tricts of D. C. is it e The speculative railroad bonds were | Syeden 6s. 1047 | Lehigh perts say. are being brought about | irregular with FErie convertibles and | Swiss Conf Louis&Nash uni 4s. oremsn cient quantity production | PRATRIE PIPE DIVIDEND. SAFE. | 1435 K STREET N. W Qeoeet o® lower, but Wesboard” &t {iono Rlec Pow 1 Man Ry 1st 90. 2| of raw materials and the manufic- justments, Rocl Island 4':s and|{Utd Kingm 5%s 29, 1 “ - o St i 0 o otor INDEPENDENCE, Ka Septem- I M¢PHE u. Rpokane International 5s quite strong, | Utd Kincm b7 22 e 99% | tured products which go Into a motor | i RSON SQUARE,NORTH e Mg 130 . rather than a tendency toward |ber —Prairie Pipe Line Co. to- EEVER sedl Utd Steam Corp 6s. 10 4 9 M&StI Istreds, . throat competition day declared a dividend of $2.50 a =Ml mEarTons ] g . 3 uguay 8s. 2 : = 3 / ric o of raw . share, payabla October 31 to stock- Washington Stock Exchange | Yoxohama ss. s 'gon '9n SISt : e i et os Beptarabas. s 1415 K St. Main 4752 M St P & SSM 5%s. ? in our fndustry is downward.” or SALES. M St P & SSM 6148, manufacturer said today. “Quality Potomae Elec. pfd. fs—5 at 1001 MISCELLANEQ.US' MK&T4sB... 9 9 however, has | n much improved Potomac Flec. Md. 5156—10 at 10285 :’r:’;“"[bc",f”'.,',"' e TH MK & T adj 58..0.. 13 4 A 4| Our testing pl highly devel o TahiNEtON Gas Lighi—10 st pri bkt “";; 2% | MK&T prin 5sA. . oped. Our engineers are hard to please. Wash, Rwy. & Elec. pfd—15 at 94 | i p Mo Pacific gen 4s.. 2. . 7 Producers don't bother to send us| " . P R T TE A * T i e £ Mo Pac 53 F 77. : material about which there is the Refund up to 5 Mills on Any State, County or Municipal Tax ‘ederal-American Co. pid — %. r4s 9 99 Wi N M5sB.. 4 slightest q g 5 Naul. Mige, & Inv. Did—100 at 1. AmT & Tcl tr5s 108% N e natia While General Motors has followed 3 i -y than Ford, AFTER CALL. Am T & T'sf 5s. 104% " N Y Cent 45 98 ; 9 g, | & different buying policy t ¢ Potomac Elec. pfd. 5%38—3 at 102%. 10 | Am T & T deb 5135, 108% VY Cent deb 4s. 5 9 981, 98y, | Who has developed: or bought his own * Wazniigton Gas 6s A—$1.000 at 104%. | AT Warer Wka b2 A0k T Centribu; ... e ?1‘ m;m-!.\ ‘lh' :}l-”\llx:i e ashington Gas s A—$1.000 a % i e er James Lyn: as bee 51 o hnaion Ga .| Am Writing Pap 65 9ty 9 Y CentLScl3%s e AUnCan Cal Eh the world ’ Caital Traction 5e—$1.000 at 102 Aniconda 1st 6s. 5 NYChi&StL 5% sA. one of the most effic Barher & Rove #iae—9h00 st 01> & | Anaconda ovdb 7 100, 108" 1oow | NYCRIGRIE: SrsaB. The personnel includes experts in all . warn, Rewy. AeI00 at 86, | AndesCopdeb 7s 43 3 107 714 | N Y C& St1, 6% A materials used S t B d & M t C ::;T.":Tn rpedadidond Armour&Co 41;s 39 9015 8t 50 | Now Hav o 68,1 | .. Ourpolicy is to Jet the Sipply miclt e C u I‘l y O n 0 r a (S 0 m p a n y g 3 2 Armour Del 5%, % 915 | N TavaTToltes 40, 18 come to us” said an official. He BONDS. Associated Oil 6s., 5 103 3 |NYOntW lstds.. added that the ancient -evil resulting Bid and Asked Prices. | AtnticRefindu.. 2 o on N e | B yaimoms helicued o e i Series I First Mortgage 6; Collateral Trust Gold Bonds FURLIC URLITT. Aske | BEILTel Pa 53 B 0 1055 10 (om0 B | bt | peAtiicaliy Wiped . out gmor. 7. & e, gu. . G AU | Betn Steelpmsall s T 100 | Rortork & W ants. 4 D bew op |throustiout the industrs.” SECURED BY GUARANTEED FIRST MORTGAGES ON COMPLETED FEE SIMPLE PROPERTIES Am. Tel. & Tel. ctl. tr Beth Steel 5%s 53 1017 1017 | Nor Pac 33 2047.... e — ‘Anacostia & Pot. R v By = 6 . " | Dor BT i S B R . 414 4 1088 IS RERORTED. Dated October 1. 1927 Due Serally October 1 1928:192 '\:-‘w:‘(hr;';rr:;”..« Va g 1 223 | BriynBd gen 1n.s‘: Ore Short L rfs 4s. 9 9974 NEW YORK, September 15 (#).— City & Suburhan 5 % 3 ....> | BklynUnion 5% 5 226 225 2 O vV T g g g Net loss of 315 13 reported by Coupon bonds in £1,000, $500 and $100 denominalions, reqisterable as to principal. Principal and semi-annual inferest Botomae Bleo. | Central Leather 65, 1 104 Pennsyl con 47 International Agricultural Chemical at the Maryland Trust Company without deduction for the amount of the normal Federal income tax up to 2 per cent. otomac Elec. con : Chile Copper 5s. 3 95 94% Pennsylgen4lss. 2% 102' 102! | tor the year ended June 30, in con Bonds redeemable at the option of the Company at any time, upon 30 days’ nolice, at par and accrued R e v h Con Coal Md 1st 5 3 RhY | Pennsylania gen 53 1108 trast to net profit of $1,406,079 in the interest, plus one-half of ome per cent. for each year or fraction thereof to maturity. Wash., “Alex. & Mt. V. ctf Ll...|ConGasN Y 5%s.. 106'% A Pennsyl 58 64,0000 1043 y | bre ‘"dmn J;. $1,406, Balt. & Annap. 5 JEe Consumers Pow 55, 3 104% 1041, Pennsyl 6% 5 1121 112% o & b e i; | Cuba Canecvs.... 2 961 96y, | Pennsyl gold 78 10614 E::g'. Gax 07 series B o Cuba Canecv 8s.... 99 987 9 Pere Mar 1st 4= 58, 9 lm‘. 9 FEDERAL LAND BANK BONDS. v 3 5 Cuban Am Sug 8s. 1084 4| Port RL P 65 47 % Wash. Rws. & Elec. Fen. 6s.. i B ¢ | Reading gen 4%43.. 9 100% 100% 1005% | (Quoted by Alex. Brown & Sons, Cloging.) Legal Investments for National Banks MISCELLANEOUS. Det Edisonref 65.. 9 109 108 Rio G West cl 45. .. 3 86Y% 8614 | Rute Maturity Bid. Asked: Sield - h‘rr'hrnnu h}; fil,; ELEY Dodge 6s eee 2 86% 6 RIArk& L 4% 9 97TW H 194131, .. 102% { ] esinut Farme Dairs 6355 .+++. | EastCuba Sug 7%s 20 106 St L IM&S 4s 29 5 99% 99 iR L 108 “eu" | Fisk Rubber8s.... 1 117 1175 4 | SILIM&SR&G s, 958 1 ..... Goodrich 6%8 ..... 6 107" Tig | StL &S FpldsA.. BB 88 ] : Goodyear 58 rots... 63 94% 94% 943 |StL&SFprinss, 3 101% 101% - Wash. Mar < 1038 ney o B é ) July e A 1 Wandinan Park. Hof T o6 Goodyear 85 1941 120% |StL&SF5%s D, 103 102% 102 k 193434 104 & 1 1 3 1 MARYLAND TRUST COMPANY, BALTIMORE, MD.; Trustee BUSINESS—The Security Bond and Mortgage Company is engaged in making first mortgage loans on completed, fee simple properties in Southern States. The Company has affiliated with it several local mortgage companies, operating in the cities in which most of its loans are made. SECURITY—The security for the Bonds of this issue is threefold: (1) The Bonds are the direct obliga tion of the Security Bond and Mortgage Company; (2) they are further secured dollar for dollar by first mortgages on completed fee simple real estate owned by responsible borrowers; (3) they are still further secured by the Maryland Casualty Company’s guarantee of principal and interest on each mortgage. Pistei i - |StL& S Fad) 65, 10174 101% STOCKS. Sl B ] i StL&SF Ine 6s. 99% 99% | Hoe & Co 6355 3 991 9 99 Tii e PUALIC UTILITY. Humble O & R joas e m o A8 e mer. Tel. & Telg 177 . [ Illinois Bell 15t 58, 5 A TR TIgE%. 1% | Tlinois Steel 4328, 10 8 h s 7" | Indiana Steel 55... 10 105 . i, Bl Int Mer Marine 6s. 104 103 SeanA Lt 2 - o % 102% | Seab A L adj & 3 = = = 2 0 Int Paper 55 47.... 7 101% 4 | & Bev oid eh Int Paper ov 63, ..+ 42 105 ‘E:;"k,?;“,;"fi",;u 3 GUARANTEE o Inter Paper fd 6= 11 104% . s 9 -4 p -, S . - it ‘_S:.TVIOML BAX {Int TelsTelog 4148 28 oan ¢ % (BOUERS AR .. 0 The Maryland Casualty Company, with capital and surplus of $11,110,692.00 and resources of Columbia, ... gl Sou Pacific ret 4s 6% 95 First Deed of Trust $40,334,498.55, guarantees irrevocably the payment of principal and interest on each mortgage. strict 0 | Kelly-Spring 8s 108% Bou Ry/senits P (& Mohauics.. 4 Laci G ref 34. . 10115 101% = ’,};f:';:’ e £ iy, Notes for Sale .'..:"»'ifi'i" i il u'.”fll’.’.”,‘:'"’ rs igvutr}:;r:‘?iofi‘: 5 4 2 " dSz;w'edE'I::“ o LOANS—The basis ot k:xns appr'oved by the Maryland Casualty Company for these guaranteed first Blese \o S LT e e e ol e e mortgages is as follows: Up to 50% on city residential and general utility business property or up to 607 i ) o DR TR{FAAGRIUTE0. & 6 kg Betaciialiand daterest when provision is made for periodical reduction of the pnnpxpal; up to 40% on properties in smaller cities Third Ave adj hs. rincipal or towns, or up to 507, when provision is made for periodical reduction of the principal. The average is less than 40%. In other words, more than two and one-half dollars of conservatively appraised propert it ittt bttt 533! \mmR 533332 t LS Wist4s, ... 9 3 9 StP & KCShL 4%8. 3 9 96 |4 L San A & Arn P 4s. 2 Nat. Bank of Wash TRUST COMPANY Midvale Steel 5. | Montana Pow 5s. { Uniton Pac 18648, % 97% 9 GUARANTEED Union Pac 1strf 4s i 95 Union Pac cv 63 5 REAL ESTATE is pledged for every dollar loaned on these guaranteed mortgages. G S e Tor's & Co 15t 4348 Virginia Ry 1st5s. 25 ) i s ; SAVINGS BANK . 4 VARY&P Bs...... 2 MORTGAGE & APPRAISALS—To determine the value of each property, the following three appraisals are made: (1) Bl ot ikaiades 6 5 199% 100% s | Savashist k..., GUARANTY | By a bank or mortgage company in the city or town in which the property is located; (2) by the local Fam Wasninste e i % Western Pacific 55, 10 991, 9915 9 CORPORATION Real kstate Board: (3) by the Security Bond and Mortgage Company. SR <ot k i NorOhioT&L6s. 5 98w o8y ogy | WisCengnistd.. L Main 1403 26 Jackson Place arty € L e B 3 12 | Nor States Pow 5a. 2 el Fhited staie % 11111 Pac Gas & El 58, 3 4 3 Resources Over $4,000,000 A Say st sh. Loan & i rRaAm©D BAwmna TITLES—The guarantee of the Maryland Casualty Company is made without reservation as to title. B i doice . O s:=ccl 3 : L \E: iBrsuninger; Prasident Each title, however, is quaranteed by a title insurance company, acceptable to the Maryland Casualt: e {:‘:,':, DT e 2 TREASURY CERTIFICATES. reuning Company, or, in places where there are no title companies, each title is examined by an attorney accep Bhiiican S vev.. | PhilaCo 558 38,00 30 37 (Reported by J. & W. Seligman & Co.) — § table to the Maryland Casualty Company. reoran . a Roous Foramen's Phila Co rf 65 A, o mens > {Thila & Ra C & {68 H 3 TAX REFUND—The Security Bond and Mortgage Company agrees to refund any State, County or _TITLE INSURANCE B g 860 o B Mar. 15 4 Municipal tax up to 5 Mills per annum which a holder may be required to pay on these Bonds, provided Columpia Tiie e - ‘ written application for the refund is made within two months after the due dateand payment of such tax. e Titie tns” | PSerG .. d e = Co. ol Md. om 3 UL Punta Ale Sl pits Blenre Elp AT SHORT-TERM SECURITIES, BEAL5 & Rowm: Tne. icom... A7 R (Reported by J. & W. Seligman & Co 1 Legal opinions by Messrs. Janney, Ober, Slingluff & Williams, Baltimore, Md., for the Bankers; vy Dy pfd B Offer, g e L h and Messrs. Kay, Adams & Ragland, Jacksonville, Fla., for the Company 1 s 10014 1001x F 3 s % 102k Rbelivisn: s s o j o LOAN WE RECOMMEND THESE BONDS FOR INVESTMENT Skelly Ol 5l4s 28 al et Co : Price: 100 and Accrued Interest to Yield 6% - 2o ol .10 d. Nat, Rw. . b . a3 w9 Canad Nor' Ruy' 4103 10 —on improved D. C. Peoles Do sto - | Standard Ofl N J 58 28 103% 103 3% | e NS Paitl fe on ' Marke - Sug East Orient 78, 2 Chil ROT. & P4 ; roperty at prevailin ':mi‘:"fi g o B | st g Bl ‘r'y'”y’u‘y‘“n“'m : J E fy . . ,A.'llL‘I lehfil’t'&ltn- s edical Bldr.. : 168 2ot | Toledo Edn 18t 7s.. 3 . s, rates of interest. g ¥ rd & Lothrop pfd.. “t [ ontted Drug s %;,: fim‘im' . e Suge® e Rooks closed | U'S Rub 1st rt 58 9 i . 5. o § InvestmentiBanhers. . |8 Reeat e a 8 A ¢ See Mr. Field MEMBERS BALTIMORE STOCK EXCHANGE BALANCE IS HIGHER. | uUtahPow&Lfa.. ! i 103 NEW YORK, September 15 (P).—| Warner Sug 7839., 2 9 i 2 o 719 15th STREET N.W., WASHINGTON, D. C. D dha.807 for iha year ended July | Westn Union §3#.- & 1113 i | QI ot T 1l ¢ |l Hedges & Middleton, Inc. 102 St. Paul Street Cosl Exchange Bullding Goff Bullding Equitable Bullding State#lanters Bank Bldg. St Yofer Droferred dividends, an in.| Westinghouse&s., & 10 St ot or iy “6ufs 1038 101 Realtors BALTIMORE, MD, WILKES-BARRE, PA. CLARKEBURG, W. VA, WILMINGTON, DEL. ° RICHMOND, VA. rease of $308,098 over the year be.| Wilron & Co 1st 6s. 6 . =g Youngstn S&T 6s.. 27 105 Switi 4 o &% 35 1412 Eye St. NW. - —_— 2 Franklin 9503 statements contained herein are based on information which we regard as reliableand were used by us as a basis for the purchase of the bonds o= our own aceount {oig Motor cycles are growing in favor ia' Ann Arbor ds...... U & Smelting G Bndine A R ALGhisonad) 4000 8 PR Y0l 90 Vimegps S C