Evening Star Newspaper, October 1, 1927, Page 11

FINANCIA BONDS MOVE UP AS MONTH OPENS Week End Transactions Are Heavier Than Usual in New York Market. BY CHARLES F. SPEARE. Special Dispatch to The Star, NEW YORK, October 1.—October started off with bonds continuing their advance that began in the of last month. Tra were larger than norm: end session and the breadth of the market was conspicuous. The gains were scattered all throush the domestic and foreizn lists. Bonds did not seem to be handicapped by the fact that the stock market in 2 hares which compete most closely with i vestment bonds were the leaders Features in Railroad List. ilroad list the strong fea peake Corpora 6s and the junior S Seab Public utilitie with an advance in C of over a point and active markets in International Telephone 4les and Ohio River 6s. Prominent industrials were International Mercantile Marine s, Lorillard 534s, which were a point above their issue price, International Paper 6s and the Goodyear Rubber 58, which were traded in in large blocks at, the highest price since the syndicate dissolved. Municipal Bonds Climb. Italian government and municipal bonds made further advances and as a group are the highest in month: United States Government issues were quiet and heavy with the s ond 4Ys close to par for regular delivery &nd 100.12 for cash. It is expected the exchanges in the new notes will amount to about $300,000,000. It was announced that the General Petroleum Corporation will redeem jts five-year,6 per cent notes on De- cember 1 at 100%. —e Washington Stock Exchange SALES. Washington , G fac-s1.000 at 102%. D00, 1 1023, 'fi ‘ashin, 1.00 = eaaiad Traction oP(\ln{mc Electric pfd. 6s—b5 at 110%. 5 Pluto e Electric pfd. 5%s—5 at 105%. 1 (Sales_are in Sales Hi Libist4is 2 103 L1 2d4Y%s Lib3d 4%s. Lib 4th 4%s US 451944 108 Argentine 6s Ju 69. 9 Argentine 63 Octs9 7 Argentine 65 A. Australia bs 1956 Australia 6s 1957 AUSLEIATS..0oeeon Bank of Chile 6%: Belzium 68 Belgtum 6% fum 78 lzium 7% 8,000 Bordeaux 6s. Brazil 6%4s. Brazil 7s. Brazil 8s. . Bremen, State, Ti Canada 55 1931, Canada 58 1952, . Canada 5%s 1929 Chile 78 1943 ile 8s 1941 Con Pow Japan 7s. Cuba 5%s.... Czecho 7% rets cho 85 1951 Denmark 6s. Dutch East 1 65 47. Dutch East I 63 62. ? Salvador 82 48.. and 7s. ... Framerican 7%s. . Fre:ch 7s. French 7% French 83 German Ts. German Ag Ger Gen Elec 7s. Greek 7s. iitt 68 iy s Italy Pub 7s. Japanese 4s. Japanese 61 Mexico 4s 10 asntd. etherlands 6s 64. therlands 6s 72. Sroarwon & ~ 0w l\orway 6s 1952, Orient Dev deb 6s. Paris-Ly-Med 6s.. Rio de Jan 8s 1946. RiodeJan 8s 47... Rio Gr Do Sul 8s. Rome 63s.... Sao Paulo City 8 Washivgton Rwy. & Elec. com—10 at 375, R Elee. pfd—10 at wugynzm;a'lv."w &:n. xw% 30, at 97%, o7 7% 3 e 973t 10 et Br k. o7 mb»'az ?)1': 10 at 97%. 5 at 935y 10 8 ican Security & Trust—10 at 465, 1 Amers 10 af T bin Sand & Gravel LT 100. Sanitary Grocery pid—b5 a AFTER CALL. Traction G3—82.000 at 1 Caniial Traciion °co. 01082 % e logvu-mvfi‘(fl Gz On AT g1 .000 at 104%. ’;Chcamul Farms Dairy 63%s—8500 at 0 at 101% . n, Gas 57005800 Bt tosn. SB00 at 4075 - hin: £ 8200 3t 1095 03% - oy Barbe! Federal-American y W ton Rwy. h'Elrc mm—lflnts"o Wathingion nn Liehtog8 ar 7ot ot TSRO, G 6 a7, 10 at 80, BONDS. Bid and Asked Prices. PUBLIC UTILITY. id, it Tel, & Telga. 4! 9% American Tel, & Telga, wmun-u.m “Gas bs.. ash Gas Gs. series 'A- MISCELLANEOUS. & Ross. Inc.. 6%s... gnemm Fl"rm' ’1')"'my 6%, 107§ Cnoxy Chase Club 5 ks ashin 1 WD e ot 534 STOCKS. PUBLIC UTILITY. an_Tel. & Telga. S,Dhal Traction ashington Gas Norfolk & Wash. Potoraac Elec. bt tomac Flec. vfd. ash, Rwy. iz Wash: Bw. & Elee: pid.- NATIONAL BANE. ational Capital. Fecona " National TRUST (uurA\\' American Security & Trus rommmm T Ferchante: Bani ationa) Savings & Tnion Trust Washington SAVINGS BANK. Bank of Bethesda. 8 Commerce. B aahimeton. otomac Berurity Sav Siatos, Wachington Mechianics FIRE INS CRANCE American idle Inv. Co. of MISC arber & Ro:s Bt ale D Col. Cand & ¢ D. C. Paper vf , 16 1(.,”' iio"" i0iig | Heraan 2y a:-” Mive &1 piomies T S Unlisted Denartment. (Theso securitics not listed under Exchange | o Apseostia Tank Char : Chapin-Sac o 7 rth Capi \mtm ast Woolriore & T BAKERY PLANTS MERGE. ATLANTA, ( 1 The American keries Corporation, incorporated in Florida, has acquired substantially all of the outstanding Sao Paulo 1950 Saxon (PW) 7s Serbs Crot Slo 8s.. Soissons 6s. Sweden 5% Sweden 6s. Swiss 55 1946... Toko Elec Pow 7s, TOKIO 58.0uuss o W Utd Kingm 5%s 29. 50 Utd Kingm 5%s37 16 Yokohama 68...... 23 Afax Rubber 8s.... 3 Am AgriChem 7%s 1 Am Cotton Oil 55.. 45 Am Sugar ref 6s 9 Am T & T cl tr 4i 1 Am T & T cl tr 5 2 Am T & T st bs. 8 AmT & Tdeb5%s. 9 Am Water Wksbs. 8 Anaconda 1st 6s... 20 Anacondacvdb 7s. 3 AndesCop deb 7s 43 Armour&Co 4%s39 1 Armour Del 5%s.. 6 Barnsdall 6s 1941 3 Bell Tel Pass B... 1 Bell Tel Pa 6s C. 3 Beth Steel pm 1 Beth Steel 5%s 3. 11 Beth Steel 6s. . 31 Brier HSt1st5%s 10 Bush T Bldg5560. 5 Chile Copper bs 2 10 1 15 Det Edison ref 1 3 Goodyear 5s rcts. . 203 Goodyear 8s1941.. 8 Hoe &Co 6%8..... 1 HumbleO& R6%s 3 Illinois Bell 1st 68, 2 Illinois Steel 43%; 3 Int Mer Marine 6s. 61 Int Paper 58 47.... 5 Int Paper cv 6s. 12 Inter Paper fd 6s.. 25 Int Tel&Teleg 4%8 55 Kan G & El 6s52.. 2 Lacl G ref 34.. 1 Liggett & Myers 78 1 Lorillard (P) 68... 2 LoulsvG & E 5852, 3 Manati Sug sf 7% 7 Mid-Con 6%s 40 2 Midvale Steel 6s... 12 Montana Pow &s 3 Mor's & Co 1st 4%8 2 3 1 4 51 18 6 North Am Edls 5s. 143 Nor Ohlo T & L 6s. 7 or States Pow 5s. 12 Nor States Pow 6s. 1 Pac T & T 1st 68 1 Pan-Amer Pete 6s. 2 Pan-Amer Pete 7s. 5 Peoples Gas58.... 5 Pac Gas & £1 5 E Phila Co 5%5 38 5 PhilaCorf6s A... 2 Phila & RAC& 168 11 Public Service 6s.. 9 PSerGas5ys64., 1 Punta Alegre 7s 3 Remington Arms 63 10 Sharon St H 8s. 1 inclair Ol 68 inclair Ol 6%s. inclair Ol 78 in Crude Oil 68 Pipe Line 58 kelly Ol 5348.... 4 andard Ot N J 58 4 nn Elec Pow 6s.. 1 ited Drug 63 1 S RRub 1strt 5 19 S Rub 7%s. 11 ] S Steel sf 53 2 Utah Fow & Lt5s. 1 Vertientes Sug 7s., 2 Warner Sug 7839.. 1 Westn Union 6%s. 2 2 6 8 1 Wilson & Co 1st 63. 4 Youngstn S&T 6s.. 12 RAILRO AtlanCL 4%s64.. 6 & 0 Gold 4s.. 4 B&Oevdaizs. 5 B & O ref b B&O 63 B&Orfimp6s. . O PLEWY 48, B & O Toledo 48, kiyn Manhat Buff & & Pitt 4 - oho=—s nad North 61,8 ad Pac deb 48, nPac4%s 46 .. “ent Puc 15t bs 90. s clasmvaraal A:Almnd’/,s. B & Q 1en 48 53 B&Q4%sTTB Chi BB & Q istrf 6s. 1& B 11l gn 53 61 ChiGt W 4859 . M & Puget S 4s. €M&StP4s25. - stock of the American Bakeries Co., npemtlnx 16 plan!l ln Atlunta. Blrrn C M&SLP 48 25 cf CM&StP deb 4scfs rorey & & NEW YORK 5 101 16 7 1036 1005 2 100 26 5 103 28 AmSmit&R1stbs 7T 10 UNITED STATES. $1 0001 kh Low FOREIGN. 6 1 20 7 117% 105% 94% MISCELLANEOUS. 108% 108% 103% 103% 100 99% 2% 102% 104% 104% 99% 99% 106 105 105% 105% 108'% 108% 100% 100% 104% 104% 109% 109 1 107% 107% 90 90 89% 89% 98 9% 105% 105% 107% 107% 100% 100% 101% 101% 104% 104% 104% 104% 101% 101% 94% 94% 106% 106% 95% 95% 97Th 9T 86% 118% 118% 107% 107% 95% 95% 120% 120% 100 100 102% 102% 105 100 103 100% 100% 107 106% 105 104% 95% 95% 106% 106% 101% 101% 128 123 9% 99 103% 103% 106% 106% 104% 104% 100 99% 103% 103% 86 86 104% 104% 116% 116% 101~ 100% 109% 108% 111 110% 101% 100% 101 101, 1024 102% 105% 105% 104 104 102% 102% 105% 105% 103% 103% 103 103 103% 108% 104% 104% 100% 100% 106% 106% 106 106 106% 106% 9T 97 108% 108% 100 96% 100 100% 100% 94 94 95% 95 103% 103 107% 107% 106'% 106% 94h 94% 10. 104% 109% 109 100% 100% 100% 100% 9 91 112 111% 104% 104% 145 144 102% 102% 101% 101% 105% 105Y AD. 101 96% Yl 1004 100 104% 104 98 8% 99% 99% 1187 L18% 8ok ¥6% Y9% 99% 104% 104% 99% 1007 100% 101% 101% 107 107% Closo. 10116 101 18 1037 1073 103 102y 102 101 109 99 101% 105% 108'% 105 105 104% 107% 1007 104% 106% 1143 110% 103% 96% 96% 103 105% 107% 84% 99% 105% 106% 95 108% 98 105% 107% 100% 101% 104% 104% 101% 94% 103% 104% 100% 106% 106 106% 97 108Y% 100'% 104% 1027% 11 9 154% 99% 1007 101% 63% 96% 101% 107% THE EVENING STAR, WASHINGTON, ONDS T ] Received by Private Wirs Direct to The Star Office. Sales. Hich T. '(‘\rwrcvu 5s32fs 9 63 CM&SUPgn 4s 981 CM&SP rf 4308 cf. 6814 CM&StPevss 674 CM&SPevbsclis 14 5 6Tl CM&StP6s..... 104 Chi NW 4165 2037, 101% Chi & NW 6148.... 112% Chi& NW Ts.. 106 ChiR1&Prf4s 91 ChiTH&S E5s 100 Chi T H inc 63 60.. 93% Chi Unfon Sta b 104% Chi Unfon Sta 648, 118% Cht & W Ind gnl N 0% C& W1bs 105t CCC&StL4 Clev Term 5% Cuba R R 6s. Del & Hud 1st rf 48 Del & Hud 75 30. .. Den & Rio G cn 4 D Rio G West 5s... rie 1t cons 48.... Erie gen 4s. Erieconv 4s A. 104 101% 3 1121 Gr Trunk stdb 65, Grand Trunk 7s. .. Gt Nor 41,8 76 D.. Gr Nor gen 7s..... Hud & Man ref 5s. Hud & Man aj 5s 111 Cent 66 Int Rapld “Tran 5 Int Rap Tr 5s stpd. Int Raptd Tran 6s. Int Rap Tran 7 Int & G Nor ad Int Rys C A 5s Towa Cent 1st 53 Kan City Ft S 4s, Kansas City S 3s.. Kan City Term 4s.. 2 N e e e e O Lake Sh Louis&! Louis & Nash 7s... Man Ry 1st 90. Market St 7s 40. Mil EI Ry & L 58 61 M&StListrfds.. t P & SSM 6%s. M St P & SSM 6%s. MK &Tad)6S..e0 Mo Pacific gen 48.. Mo Pac §s F 77 Nassau El 4s'51. NOT&Mb%s NYCentribs.... NYChI&StL 5%SA. NYChi&StL 6%sB. New Hav deb 45 56. New Havcd6s.... N Hav&H clt 6s 40, N Y Rys 6s 65. NYWE&Bos 4% Nor Pac 33 2047. Northern Pac 4s. .. Nor Pac 4%s 2047. Northern Pacr1 68 Pennsylgen4%s. Pennsylania gen 58 Pennsyl 5s 64 Pennsyl 6%s. . Pennsyl gold 7s. Peoria & B inc 4s.. Pere Marq 1st bs Port RL & P 6s 42, Port RL P 6s47... Reading gen 4%8.. Rio G W 1st 4s. St L IM&S 4529... StL&SF prInbs. StL&SFadjés StL &S F Inc 6s. StL&SFplésC. StLSWlist StL S Wcon4s 82 o = Craamfol8travi® Ronrnnma 101% 101% 99 102% 1027 101% 101% 99% 101% o NN B OO D D e 2 01 TN TR S B Sou Pac 48 29.. Sou Pacific clt 4s.. Sou Pac!fic ref 4s.. Sou Ry gen 4s..... Sou Ry Con 58 9 Southern Ry 6%s.. Term Asso S L 4s.. Third Av ref 48 60. Third Ave adj 5s... Union Pac 1st rf 48 Unlon Pac cv 6s Virginia Ry 1st Wabash 1st 6s. ‘Wabash 5s 76 B. Wabash 6%s75. West Maryland 4s. Western Pacific 5. 11 86% 6 99 i BONDING PLAN CHANGED. Baltimore Firm Stops Taking Risks on Police Officers. BALTIMORE, October 1 (#).—Due to losses occasioned by suits for dam- ages for false arrest, the Fidelity & Deposit Co., large Baltimore surety house, has announced that it has dis- wntlnued bonding police, sheriffs and other ‘“peace officials” except under unusually favorable circumstances. “We are particularly harassed,” a bulletin to the company’s representa- tives stated, by claims and suits on the bonds of deputy sheriffs and sim- jlar officers in States where the police officials are engaged in prohibition en- forcement in addition to their reguiar dutles,” . The bulletin cited the case of a married couple in Cleveland, who after arrest for alleged “petting” in a parked automobile obtained §3,6 damages. BUTTER DEMAND UP. Storage Supplies Favored During Past Few Days. CHICAGO, October 1 (#).—Light supplies of fancy butter and compara- tively high prices for this time of the r have brought about improved de- mand for the better grades of storage butter. Many large users are now paying as much for fancy storage as for fresh arrivals. Withdrawals from storage exceed the reduction of the corresponding period a year ago by 1,097,471 pounds at_the four principal markets. Production of butter is considerably below that of a year ago, but cool weather and ample supplies of feed are expected to check the decline of the make. Indications are that a larger number of fresh cows are now on the farms and that this is espe- clally the case in the “whole milk" sections of Wisconsin, Minnesota and Towa. PRODUCE BAN LIFTED. Restrictions _on the interstate movement of farm produce, which have been in effect in certain sec- of the country because of the e beetle today, were ordered secretary Jardine, ef- tomorrow, except for cut particularly dahlias on which the restriction will continue —until October 16. TOCK M/ \l{l(l‘l']‘. 1 Wire to The St ctaher 1. rhest, Sllowing 1s a lowes B - ot D. € SATURDAY, OCTOBER 1, 1927. NEW HIGH LEVELS IN CURB ISSUES, Gains of Several Points Are| Noted in Many Stocks in To- day’s Two-Hour Session. BY WILLIAM F. HE Special Dispatch to The Sta NEW YORK, October 1 had_ been thought carly weels that curh market ed the where an bought condition existed, It was not a in the movement of prices The demonstration on th: ed that not only the professional element but that the outside public favored further pric appreciation. Among stocks reachi high prices were Tubize Artific across 300; C a point to 116 up almost 6 poin was of most signific ner in which stocks in the investment category were taken up. Other Issues Go Higher. That the demand from thi vas still unlimited, despite the vields because of recent pric ation, was evident by the tion of New Haven new preferred New York Central new and the ne Can: Pacific preferred stocl dealt in on a when-issued basis. Al three issues went to their highest prices, the gain in the last named amounting to points when it new n Stores, But what paying $8, even at the to equaled Philadelph ing the be recent agreement with ‘.'nilm! A Improvement, which is to result in an exchange of stock. Strength on Bond Side. The new llnslun and Maine . , while the St. st. mining divi Verde extension was bid up into new high ground for the year. Noranda Mines established a new high under the same sort of buying that has char- acterized trading in the issue for the past two months. It was one of the ngest Saturday markets of the year, In the CORN CROP IS SAFE FROM FROST DAMAGE Warm Weather S$till Needed to Improve Quality of Yield in West. By the Associated Pres CHICAGO, October 1.—As a really first-class terror, jack frost has about retired from the ring in-so-far as 1927 is concerned. Trade reports at hand today indicate that the country’s corn crop except in some sections of east- orn Towa, Illinois and Indiana is now cally safe from frost damage. by the fact that despite months of anxiety, no frost damage of consequence has yet taken place in the main corn belt, prices in the corn market this morning were at virtually the lowest level of the scason, 1% to 4% off, compared with a week ago. At the same time, wheat was at ‘% decline to 3 advance, oats, 3 down to 34 up, and provisions varying from 15¢ set-back to 22c advance, According to current unofficial re- ports here, it would take either a heavy frost or a light freeze to do se- rious damage to corn now, even in the that are late, Experts, how- ay that moderately warm and dry weather i8 much to be desired from this time on for several weeks to improve the quality of the crop, which at present promises to be very jrregular and with a yield smaller than last year's final retur Liberal stocks of lard in sight tend to make lard prices sensitive to ac- tion of the corn and cotton markets. Meats are more responsive to the fact that materially increased arrivals of hogs are not looked for until cold weather sets in. Commodity News CLEVELAND, October 1 (Special). —The infestation of the boll weevil in the cotton fields of the South has resulted in increased sales of insecti- cides by the Cleveland paint manufac- turers, with whom these chemicals are a_ hy-product. YOUNGSTOWN, Ohio, October 1.— The independent makers of merchant steel bars in this_section are trying out a price of $1.85 a hundred pounds for small lots and $1.75 for larger orders. BOSTON, October 1.5-With heavy native steers at high mzl‘es, the hide market has regained mdst of the ad- vantage lost in the late Summer re- action. COTTON CLOSES ;IRM. g Some of Early Advances Are Re- duced at Close. NEW YORK, October 1 (P). cotton market opened steady toda an advance of 7 to 20 points, active months showing net advances of 11 to 23 points in early trading on cover- ing, combined with trade and com- mission house buying on apprehensions of unfavorable weather in the South over the weck end. " K Cotton futures ¢l o octover . Doteriier Jan M The SCORES COTTON DATA. NEW ORLEANS, October 1 (P).— Seeretary H. G. Hester of .the New Orleans Cotton Exchange, has vigor- ously protested against the issuance by the Burcau of Agricultural Eco- nomics, Department of Agriculture, of a cotton carry-over Statemen which he 1ermcd "brassly inaccurate.” BAR SILVEE QUOTATIONS. NEW YORK, October 1 (P).—Bar silver, 55%; Mexican dollars, 42%. LONDON, October 1 (#).—Bar sil- ver, 25%d_per ounce: Money, 3% per _cent. Discount rates, short bills, sto Curl Sales b 1 i i by 1 Sales 700 700 1800 200 150 200 200 100 50 Sales 4 5-16a4% per cent. Three-month bills, 4 5-16 per cent. ST. PAUL'S VALUATION. A tentative valuation upon the Chicago, Milwaukee and St. Paul Rallroad as of June, 1918, was an- o & $081 in units. 300 Chesbreh 2300 § 200 NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office s traded > Market tod: o IND West Util T30 Wi e Miss Riv folawl Hu Po 3 A 5 1 Ohio Pow 1 B Palmolive 1P 1 Peop 6 Phila 3 bhilip 9 Puj iehe R C 1 Silica_Grl 1 silver 1'& B I 1 Sou P .{ Ln. tin Anex West Ind Cho. Po b Jm & INDEPENDENT OIL STOCKS. ndreds 4+ Am Con 0ilflds Maracal ( V. an Wiltox © & G 1’ STANDARD OIL Mifs. . 108% ) Cont OIl_n. 00 Humble OI'& R ¢ 0 Imp O ut Can n 0 Ind Thier pet 100 Peon Mex ) Prairie O ) Prairie P L. 100 South Penn 0 Souther %0 1ad. S 0 08 O Ohio n. 1200 Vacuum ~ Oil thousands. 1 Abbott, Dairies 010 e CESFETAR i B ISSUES. 7, i 1623 614 34 4 | mate of Gt Tt LAa01 fie A 1031 1004 101 104 100 4 103% &P I 10075 1003 081 v 47 1011 FOREIGN BONLS, M B 7eig ' 0314 101% 97% 100 9574 10014 G014 8 657 1007, 10074 100% KB 1, 4 1014 1014 100 g 101% imes H 78 101% is 101% H 78 46101 % A1 109% Ex dividen fUCH UNEMPLOYMENT IN FIFTH DISTRICT October 1.—The uation in the fifth reserve dis- ries considerably in different locali vs the Federal Reserve Bank of Richmond. in its monthly re- port and states that conditions in Bal- timore are rather acute. Other cities in the district also report a number of unemployed workers, but there is a difference of opinion regarding the ex- tent of general unemployment at the present time, the report states. ‘Construction work is under way in considerably less volume than a year ago and a considerable number of both skilled and unskilled workmen in the building trades are unable to find employment,” it says. Chere are also a number of indus- trial plants operating part time or closed entirely, such as the American Locomotive Works in Richmond and several railroad shops in the district. Wor rs in building material plants are mostly employed on @ part-tme basis. “On the other hand, textile workers, tobaceo factory hands and coal miners are fully employed. On the whole, while there is undoubtedly a larger number of idle workers in the district than at any time during the past three years, the situation is not serious ex- cept in scattered localities. REPORT DUE OCTOBER 4. The first report showing an_esti- he grade, staple length and wbility of cotton, ginned in priar to September 1, will be issued by the Department of Agri- culture, October 4. The estimate is hased cn data obtained from a classi- fication of samples representing all of the cotton ginned by certain gins selected to represent the grades and aple lengths of cotton grown in the State, WOULD BUY RAILROAD. NEW YORK, October 1 (A).—Appli- cation will be filed with the Interstate Commerce Commission next week by the New York, Chicago & St. Louis (Nickel Plate) for authority to buy Control of the Pittshurgh & West Vir. ginia_along lines recommended in the so-called_four-party plan agreed upon by the Nickel Plate, Baltimore & Ohio and New York Central, which went be- fore the commission in January, 1925. FINANCIATL. MONEY TO LOAN ON D. C. REAL ESTATE 6% INTEREST COLUMBIA PERMANENT BUILDING ~ ASSOCIATION g 733 12th St. N.W. GET WETCHS FIGURES Main 352-353 asonable Charges When You Need a Loan Consult WELCH Reattor LOAN SPECIALIST Money to Loan At 5% & 6% Interest Before Placing or Renewing Your Re: No Extr 15th & Ave. Main 4316-4347 The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the District of Colun.| and Nearby Suburbs in Montgomery County, Md,, for 3, 5 or 10 year terms on §our 5Y2% Apply RANDALL H. HAGNER &. COMPANY MORTGAGE LOAN I CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 Office Building Business Property Apartment Home LET US FINANCE YOUR HOME LOANS To Run 5 Years No Annua! Curtail 51,9, Interest WM. H. SAUNDERS CO.,, Inc. Main 1016 The Nucleus of All Fortunes Is Saved Money HE purchase of our First Mortage Securi- ties through our Partial Payment Plan has provided a means whereby people who are dependent on a salary can each month save a small amount toward the pur- chased of a proven gilt-edged investment. Improved Real Estate, the medium se- caring each First Mortgage Note, is doubly safe, since it is located in the Capital City of the United Stat Annual Return SHANNON8; LUCHS 1435 K STREET N.W. MSPHERSON SQUARE, NORTH APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs in Montgom- ery and Prince Georges Counties, Md. 51 2 /0 INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT Ghe PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 6888 TREASURY CERTIFICATES. (Revorted by J. & W. ‘r-lummln & Co.) Rate—Maturi Rate %o Oflex: 78 3 |r 83 FOREIGN EXCHANGE. (Quotations furnished by W. B, Hibbs & Co.) Nominal Selling checlks gold valte, Vaday London. pound. . Mo dollar SHORT-TERM SECURITIES. (Reported by J. & W, Seligman & Lul g e 0. 48 5 me hret wd Co. Us 10"3 11)1 Amcondl Ym‘)mr t'i; 1929, 102 & Onto g3 1030 1043 INCOME WHEN DUE Regularity of income, each interest due date returning the’ expected income with never a miss or lapse: this is the assur- ance given by our 6% FIRST MORTGAGES In all the years that have made our Over-a-Third-of-a Century experience, not one of our investors has lost a dollar of either interest (paid always when due) or principal. SAUL CO. 925 15th St. N.-W. Ov2r a Third of a Century Without a .Loss B. F.