Evening Star Newspaper, October 6, 1927, Page 14

*¥ FINANCIAL.? T TREND IRREGULAR ON STOCK MARKET Cpeculative Industrials Bid Up, While Some Investment Shares Are Lower. AbItIb! Pow (5). | Abrahm&Straus Abr&Stras 7% pf 1 Adams Exp (6). 1563 | Adv Rumley.... 10% | Anumada Lead. Air Reductn(17) 17, | Alaska Juneau.. Albany Papr(2). Atbny Pap pt (7) i Allied Chem (6). 161 Allfs Chalm (6). 115'4 Amal Leather... 137 | Amerada (2) . 30 Am Agricul Chm | Am Agri Chpt.. | Am Bank N (2). Am Bk N pt 3). Am Beet Sug . Am Bosch. Am Br Sh (§1.60) Am Brown Bov. Am Brown Bo pt Am Can (2) Am Can pf (7). Am Car&Fdy (6 1 AmC& Fpf (7). Am Chain pr (7) 101 Am Chicle (3).. 70 Am Drug (80¢).. 13 Am Express (6). 171% Am & For Pow.. 284 Am&Fo Po pt (1) 106% Am Hide & Lea. Am Hide & L pf. Am Ho P (240). American Jee(? Am Internatl(2) | Am La France. . Am Linseed. i Am Linseed pf. on il Spectacular. Am Locomot (8 S L ce in Houston | AMMa&Fy pf(7 1| AmMetals pt(7) Am Piano (3). = Am Piano pt (7) ] b | Am Po& Lt (311) Il protend | Am Radiator (5) 13 & pax. | Am Republic.... ks L ie DAy | Am SatetyR(33) 54 ennipn £ O e | Am Seating (14) 40° e mane o’y | Am Shipbldg (8) 11 ton Tushed Aup; SOMS 2 | Ani Shibi& Con. s e . | Am Smelting (8) 1 AmS & R pL(7). Am Snuft {12)... 13 Am Snuff pf (6). 10: Am Stl Fdys (3). 50% 1% 2214 BY GEORGE T. HUGHES. e Dispatch to The Star. NEW YORK. October 6.—Irres uvations were the rule on the Stock In general the mar. Jet gave a good account of itself, but re was one feature which did not | to the conservative element. that was the prominence given highly speculative industrials e of these were bid up extra while 1de investment ies were unchanged or lowe Opinion in brokerage houses w divided as ever. It was that the list had shown un- power of recovery and that > outside public will- current_levels 1 with the resources to do it. On hand. the hardening tend- money, the steadily rising skers' loans and the low stocks afford at pres- I pointed to as warn- nge today 1! as as e other hey in tacular advar 3vers had been wel shes that 109 34 94 61 457 and Hou i illips Petroleum and the stock dipy S e low of the vear. | ind Oil lost ground on a much < turnover and so did Atlanti ning and Barnsdall i persistent pressure of Unitéd s Steel did not escape the notice even those most confident about the future of .the market as a whole. Steel below 147 was at a new low on The current reaction and while it ral- Jied from time to time, there was al- ways plenty of stock for sale, Predic- tions werp that the unfilled tonnage atement for September, due Monday, show, a decrease of some 50.000 tons. which is as good an explanation as any. General Electric Strong. § General_Electric was_still the fa- vorite medium of speculation for the rise in its group. It added to yester- V's three-point gain early in the session_and was steadily supported, although at 140 General Electric, pay- ing 85, vields only 3.6 per cent. Either the buyers are discounting the future heavily or they have spe- cial information on which they are acting. General Motors was higher, bhut the real leader of the motor stocks was Packard, which sold at a new high for the vear as it touched 48. The rails were more consistent than the industrials. Nearly all were mod- erately higher in quiet trading. Minn- eapoiis, St. Paul and Sault Ste. Marie was actively bought on expectation of greatly improved earnings in the Au- tumn months. PITTSBURGH, October 6 (Special). —Fourth quarter contracts for nuts, holts and rivets now are well in hand. | Brown Shoe (2). with only a few large buyers still hold- | Brunswick B (3) ing off. Rivet users have been given| Burns Bro (10).. until October 20 to fill their require- | Burns Br B (2) ments at the 2.75-cent price. | BurnsBros pf(7 DETROIT.—More than 2,000 type. Durtos Add (1) writers have been delivered by the | push 7erf (o) first “fving truck” since the big Ford | pust: Corq% (1) tri-motored express plane was placed | gy irarick (g2).. in service by the Royal Typewriter Co. | Butteficl (82). geveral weeks ago. Some have been | By proasets (33 delivercd by parachute. s s Calif Packg (4. NEW ORLEANS_The price of | Calit berm iy gasoline here is now 131 cents a gal- | Callahan Zinc. .. Jon owing to a price war between the | Calumet & Ar (6) Jarge distributing companies and inde- | Caju & Hecla (2) pendents. The price has dropped from | Can Dry (+3%).. 1813 cents in two weeks. Canada Sou (3).. DULUTH.—Marketings of barley | Can Pacifie (10)- and_rye through this port and Su-| <2t idc Ok Plos perfor have been of record proportions | CASSTHres0E % so far this season. In view of the|CaseThr pf (7). large Northwestern rye field Duluth Cent Leath. . dealers are counting on heavy busi- | SentAlloy (2)... ness. Cen Ry NJ (112 Century R pf (7) BOSTON.—Good No. 1 pool New |CerrodePas (15) River coal has sold here recently at|Certain-Teed (4) £335 a gross ton on board cars, the Jowest price since 1924. Retail demand | C for anthracite is slack and advances in price have not spurred household- ers’ interest. Am Sumatra.... 65' Am Tel & Tel (9) 17 Am Tobacco (8). AmTobaccoB(8) 1514 Am Type Fo(8). 134 Am Type pf (7). 11 Am W W (m80c) 6! Am Woolen. ., 2 Am Woolen pf. Am Wr Pa pf cfs Am Zine Anaconda (3) ArmourDel pf(7) ArmourofllI(A) Armour 111 pf Arnold Con&Co 4l Artloom (3) 46k Asso Dry G (2%) 48% Asso D G 1st (6) 109 AtT& SF (19%) 191'% Atchison pf (5). 102%3 AtICL (18%)... 195% AtlGulf & WI... 34% Atl Refining (4). 118 Balto & O (6) 122% Balto & Oh pf (4) 79% Bang & Ar (315). Tlla Bang & Arpf(7) 111 Barnsdl A(b213) 21% Barnsdl B(b213) 20% Bayuk Cigars. Beacon Oil. Beech-Nut (13). Belding Bros (2) Best & Co (3)... Bethlehem Steel Beth Stl pf (7). Blumenthal pf.. Bon Ami Cl A (4) Booth Fisheries. Booth Fish 1st.. Botany C MillsA Briggs Mfg Co.. Bkin-Edison (8) Bklyn-Man (4).. 5 4702 86 104 66 tB(24). 9 Ches & Ohio (10) 2 C & O Corpn (3). Chi & Alton. Chi & Alton pf. Chi & East Il Chi & East Il pf Chi Great West., Chl Gt West pt.. Chi Mil & St P, CM&StPet Chi Mil & StP pf C M&StP pt ct: Chi & Nwn (4, Chi & Nwn pf(7) Chi Pne Tool (6) Chi Rock Is (5). CRI&PDL (7). Chi Yellow C(4). Chile Co (213) Christi B (1.20) . Chrysler Cor (3) * | City Stores (B).. | Cluett Peab (5).. Coca-Cola (5)... | Collins & Atk(4) | Col Fuel & Iron.. Col & Southn (3) 12 Col Gas & El (5). 92 | Col G&E pt A (6) 106% Col Carbon (4).. 82 Com Cred (1).... 18% ComCrpf B (2). 22% Com Solvents(8) 188 Com Powr (2%). 76% Conde Nast (2).. 41'a Congoleum-. sr. 234 | Cong Cgrs(t4%) 67 | Con Cigars pt (7) 102% | Con Cigars (7)., 81k Pav. Hidra of | Consol Distribut. % SHORT-TERM SECURITIES. - (Reported by J. & W. Seligman & Co.) i Alum,_ Co. of Amer. 5s 1952 i Am. Tel. & Tel 45 1 ‘American Thread Co. Gx : Anaconda Copper 65 192 * Associated Ol 6s 1935, - Baltimore & Ohio 9 : Batavian Pet. Cor. I Cahfornia Pet. C * Canadian Nat. R¥ Canadian_Nor. Rv Accont. €. s . Petrolenm Corp. 5s Gocarich Co. 1 &R av,.";?an'l a1 e 4 1930 Gas Co. York Tel L Ktand Ol of X J €. L. Ir. Mt. &8, R 4nl" 0 Bufi & co s G inon Par R <" Rilbber B Fhesin Mns 0 Py 1945, 100 . DIVIDENDS. Am Cicar .. Am W Whd € Eiec .} | ConsolGas pt(5) ConRRCuba pt 6 ) | Consol Textile. . )| Cont Bakg A (4) 131 Cont Baking B.. 13| Cont Bak f (8). Bigeld Bo ,.‘y’;..m | Cont Insur (6).. Cont Mont (80c). Corn Prod (13). Coty Inc (5).... CrucibleSteel (6) | Crucible pt(7). | Cuba Cane Sugar Cuba Cane Su pf. Cuba Company ... Cuban Am S (1). ) | Cuban Dom Sug. Cudahy Pkg (4). Cuyamel Fruft.. | Davison Chem. . Deere&Co pf (7). 116 Del & Hud (9).. : Del L& W (17). Detroit 14 (8).. Devoe & R(2.40) Dodze Bros Cl A. Dodge pf (7). Dome Mines (1), Dul | Durl Dunhill Int (4). Dupont (+915).. DuPont deb (6). Duquesne pt (1) 116% stman (18) 170 Eaton Axle (2).. 26 El AutoLt (16%) 95% ctric Boat... 16% ec Power &Lt 25 S1.00 | o0 | ST 00 \ M et | wa Oct ox Ot Columbian Carbon. Mass Ui 17 il Tea pf New River San Carlos Milling Do South W e Do, ¢ bach ( ar 107 vl Porto & stk ) FOREIGN EXCHANGE. .. Hibt Mach b e 1Quotaticns furnished by Nomy 1 eold v Crown. wn ln 178 1562 lmu 105 1 47 85 10% 109 109 194% 190% 116% 12 110% 20% 20% 215% 20% 93 92 15% 154 66% 64y 22% 22% 54 60 59 116% 116% 116 90 8815 661 641 5 5 39 39 231 23% 22 21% 178 57% 56'% 45% 444 324 324 101% 100 21 2 125 123 67% 66'2 1073 107 4 51% 51 86% 81% %6 5% 66 65% 21% 21 1 1% 894 8T 167 16%, 524 51% 61 61 201 197% 194% 1935 281 275 1174 117 22% 22% 264 26% 318% 313 80 RO 843 /1y 14, 45 801 16% 341, 18 173 327 327 9; 17% 33 327% 97% 15 145 129% 129% 109% 108% 109% 108% 44% 44% & E 901, 9% 7% 125 125 92 911 1068 106% 824 81 18% 18! 22% 2 188 185 8 T6% 41% 4l 23% 28% 674 67 102% 102Y% 81% 80 5% % 118% 117% 99% 50 5% 931y 71 10 116'5 116 208% 207 1150 115% 116t 1161 169 169 27 264 95" 94% 17 16% LR 1562 lm mf o | 13% 5l THE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. — et Open High Low. 2:55.1 | Pac Tel & Tel (7) « 1067 10614 10 gineers Pub S Engnrs PS pf(7) 1 uit Bldg (7)., feRR... FrieStms rf( Eureka Va f14 Fairbanks (3) Fed Ligtth1.40). d MotT(f8ve) “irst NatS(14). | Fisk Rubber. ... Fisk 1st pt (7). Fleischmann 1'1) Foundation (5). Fox Film A (4). Freept-Tex t4% ,‘anrlrlSn (315) Gardner Motor. . Gen ATC pf (7). Gen Asphalt... Gen Asph pf (5). | Gen Cizars (4).. en Elec (15) n Gas pf B(7 senMotors(t10) Genl Motors (n). { Gen Mot pf (7). Gen Outdr Ad(2) Slin ! 106 | 172 104 35 a4 69 1401y + | Goodrich pt | Goodyear Tire. . 54 41 116 | Am Sugar pf (7) 114%, lll 2 lll'i 114'5 | | Gothm S H ( | Gotham new Gen Outdr A (4). Gen Ry Sig (5) | Gen Ry S pf (6). Gen Refrac (3). Gillette (1413).. | Gimbel Bros. ... mbl Br pt (7). Glidden Co Glidden pr pf(7) Gold Dust (3)... Goodrich Ru (4) ). t9) 215 Gould Coupler A Granby Con Min, Grt North pf (5) | Gt Nor pf cfs(5) | Grt Nor O (1%). Grt Wes S(2.80) Gt West S pf (7) Green Canan . Guantanamo.... | Guantan p? (8). wn.‘ | 6% 49 8 10% | 109 ) | i 1T 123 ..l 80% | T4 110% g I fil‘u 1 S | 54 60 881y 6574 5 39 234 215 | 178 | 567 | 45% | 3234 101% | 21 | 107 4 51 86% T5% i 21 1% 8812 | 1674 51% 61 200% 194% 281 117% 22% 26% 318% 0 150 129% 108% 109% 44 35% 62 5T% | i 50 | 734 | 124% | 9% 125 92 106% 81% | 18% 22% 185 7 41% 28% 67k 102% 81 % 118% 99 210% 104 54'% 52% 3T% ll6' 2074 | 4| 115% 1164 | Kennecott C (5). | Macy R H (5) i Mallison & Co | MStP&SSM 1i(4) Pm”ufl Pacific. | Nat Supply (4).. Gulf Mo & Nor.. - *|GuM&NDE®). 108% lflh‘. | Hrtn Bb10% ostk. Hoe& CoA...... Hollander & Son +! Houshld P (33) Houston Oil..... Howe Sound (4). | Hud Man (23) | Hudson Mot (5). Hupp Mot(1.40). | Itinols Cen (7). lndev 0il (1)... | Indian Mot (1%) PR Indian Refining. Inland St (2%). Inspiration. Intcontl Rub(l). ‘lntBus Ma (4).. Int Cement (4).. Int Cement pf(7) Int Com Eng (2) Int Harv (§6)... 226 IntMtch pf(3.20) Int Mer Marine. . % | Int Mer Mar pf. Int Nickel (2)... | Int1 Paper (2.40) Int Paper pf (7). Ind Ref pf(7)... | In Silver. . Intl Silver pt(1) Int Tel & Tel (6) Island Creek (4) 1siCreekC pf(6). Jewel Tea...... Jones Bros Tea. Jones & Lau (7). Jordan Motor... Kan City South. Kan C So pf (4).. Kayser J (4) Kelly-Spring. Kelly Tire 8% pf Kels Wh pf (7).. 122 18% 65% 72 60 27% 95 108 4% 8 511 3% 113% 215 32% 8374 13% 1067 374 Kinney pf (8) KraftCh (11%) Kresge S S t1.20, Kresge SS pf(8) Laclede Gas (12) Lago O1l (75¢).. Lambert Co (5). Lee Tire & Rub. | LehighVal(3%). Lehn & Fink (3) Lig&MyrsB (f4) Lima Loco (4).. Liq Carb (3.60). Loew's Inc (2).. Loft.cccceess Long Bell A (4). Loose-Wil(1.60) Lorillard Co .. Lorillard pf (7). Louisiana Ofl... 11 LoulsGasA(1.75) 21 Lowis & Nash(7) 157 Ludlum Steel(2) 22% McCrory (1,60).. 783 McCrory B (1.60) 86 { McIntyre P (1).. 281 Mack Truck (6) 110% Mackay pf (4).. 6914 200 264 45% 16 761% 51% 39% 113% Mad Sp Gar (1). Magma Cop (3).. Mallison pt (7). ! Mandel (214). Man E1 Sup (5). Man El'm g (d5) Man Shirt (2) Maracaibo Oil Market St prior, Marland Ofl..... May Dept S (4) Maytag (12%).. Mexican Seab. . Miami Cop (1).., Mid-Continent, , Middle States " Midland pt (+12) 160 Miller Rub (2)., 27% Minn & St Louis. 3 Min St P & SSM. 44% M St P&SSM pf.. 73 67 Mo Kan & Tex. 46 Mo K & T pf (6). 106% 56% Missour! Pac pf. 106% Montana Pow (5) 102% MontgmryW(4). 82% Moon Motor. T4 Mother L (5 Motion Pic Corp. 8 Motor Met (3.60) A Motor Whi (2)., Mullins Body... Murray Corpn. Nash Motor(t5). at Acme (sta). Nat Bellas Hess. BHess pf(7). at Blscult 153 at Cash R (A)3 City Bk atl Dairy (3). 0 15 Lead pfA(7) 136 Park BK(24) 620 at Pw&Lt (80c) 25 8613 Nat Surety (10). 2 Nevada C(1%).. N O Tex &M (7) N Y Alr Br (3). N Y Cent (8). N Y Central rts.. NY C&StL (6)... NYC&StL pt(6). NY Dock....urs NY NH & Hart., NY Ont& W (1). Y Steam pf (6) iag F pd (1%). 16'5 146 41% 168 6% 132 107% { Norf & W (8) NorAm b10%S5 North Am pf (3) orth Pac (5)... Nor Pacefs(3).. Ofl Well Sup. Opnhm Col (4) Orpheum Cir (2) Otis Elevator (6) 169 27 27 u.. q_.. Otis Steel Otis Stl pr! Owens Bot (C15) Owens B pt (7). ll‘v Fagily G20 3. 44 10215 109 185% 123 155% 6215 108 71 24% 122 18% (i 116 -4 0% 10 «j Panhandle. . 18% | White Mot (4).. 89% 1'% | Packard (12.90). 2 | | | Pan-Am Pet (4). | | Pan-. | { Philip Morris. | Punta Alez Sug.. | Radio C pf (315) | Reading (#5 ! Spear&Co pt(7).. {StdG & Epf (4). | Stewart-War (6) { Tex & Pacifie. . "rmw,\ } Transue & Wil | Underwood (4).. { UtdCgrst(C80e) td Cer St pf(6) | Utd Frule(+514). : Ward Baking B. 16 116 i dih EVENING STAR. WASHINGTON. e el IR SDAY. nen a SR Onen. High, Tow. 2 Paige Motor. ... AmPetB(4) Pan-Am West B. Panhandle pf. Parmt-Fam (§8) Park & Tiiford. . Park Utah (80c). Pathe Ex A (4).. Patino (1.212-3) 1001 11! 1081 Peerless Motor. . Penlck & Ford Penick& I pf (7 PennDix Cmt ’a Dix Ctpf Penna R R (3 Teaples Gas rta. Poorfa & Iast. Pere (18). Ppf(3) Philip Morris rts Phillips Pet (3). Plerce-Arrow. .. Plerce Arrow pf. Plerce Petrolm. . Pillshury (1.6 orto Rico To B. Postum (5).. Pressed Stl Car. Pr Stl Car pf (7) Prod & Refiners. Producers&R pf. Pub Serv NJ (2) Pub Serv pf (6). Pub S NJ pf (8), Pullman. Inc.... Pure Ol (+2) Pure Ol pf (8) Purity Bak B (2) PurityBak pf(7) Radfo Corpof A. Real Silk Hos Reid Ice Crm(3), Rem-Rand $1 60, | moved to the extent of | The | potitan (1% The funti | res Rem-Rdist (7). Rep Ir & St1 (4)., Raynolds Spng: Rey Tobac B (5) Robt Rels & Co.. Rossia Ins (6). . 31% Rossia Ins Co rts 9% M b L | Roval Da3.13%. 4 4 Rutland pf...... . 50% | Safetv Cable (4) 69 69 % 69 | St L & San Ft8), i St L Southwest. . Savage Arms Schulte (31). Seabd Alr Line Seab Air L pt Sears-R (n23%). Shattuck F G (2) Shell Un (1.40)., Shuber The (5).. immons (2). ... immons pf (7). Simms Pete..... Sinclalr O Sinclair pf (8) Skelly Oil (2). Snider Packg Co. So Porto Rico 8. South Calif Ed South Pac (6). .. Southern Ry (7). South Ry pf (5). 1% 40 R4 | & fl H6! 111 161 16% | Spicer Mfg. . Spicer of (8).... StAG&E (3%). Std0iICal (128 ). Std OILNT t1%) Std ONINY(1.60). Sterling Pro(16) Strom Car (2)... Studebaker (5).., Submarine Boat. Sun Oil (1 1), Superior Oil..... Tenn Copper (1) Texas Corpn (3). | Tex Gulf Sul (4) Tex PC&O(f0c). Tex Land Trst n The Fair (2.40). Thompson(3.60) Tidewatr As Oil. i (6) | Tidewr Ofl (30c) . Timken (45 Tobac Prod (1).. Tobac Prod A (7) Transcont O11. Un Bag &Paper. Union Carb (6).. Union Ol (+273) Unlon Pac (10). Un Pacific pf(4). United Drug (9) Utd Dyew pf (7) USCTIP&F (10) U S Distributing U 'S Hoffman (4) U S Aleohol (5). US Leather w1. TS Leather A. U S Realty (4).. ¥ S Rubber..... U 8 Rub 1st (%), U S Smelt (314). USSmopf (34). 1 S Steel (7). U S Steel nt (7). Unt Ple 1st pf(8) Tni Pipe pf (7)., Ut] PRLt A (e2). Vanadium (3)... Viek Chem (4) Veksbe&SDf(5) . Vietor Tlk Mch.. Victor pr pf (7). Va-Caro Chem Va-Car Ch pt ( Va Ir C&C nr(u). Vivadou (3). “nlean Detin Vulcan Detin(A) Wabash. .. Walworth (1.20) Warner Pic A... Warren Bros (4) WarF&Pipe Cor. W Penn EI A (7) W Penn El pf (7) West P Popf(7). West Maryland. West Pacific. West Pag pf (8). Westhse A B(2) Westinghse (4). Weston A (2). Wheel & L E pf. White Eagle (2). White Rock (+2) White Sew Mach White SM pf(4). Wickwire cft.... Willys-Overland Wilson & Co.... Wilson Co pf A.. Woolworth (5).. Worthn Pump. .. Worth Pump (B) Wright Aero (1) Wrigley (t3%).. Yale&Towne (1) Yellow Truck. .. Yel Tr&Co pf (7) Youngstn S&T 4. 86 Hourly Sales on N. Y. Market. : 567,200 12 m.... 1,038,900 M 1.677.400 vidend rates as eiven in the above tah) arethe annual cash_ pavments based. o the | cnplufig.:::g;mlve "'mhfl” vearly declarations, o rwise noted. ex S tra or special divi: * Unit’ of trading less th * Partiv'evtra 3 Plus 3% Ty atoek. 5 Par: | able 'in “common stock 1 Plus 2/50 in stock aPaid this vear—no rezular’ rate. DyTen per cent in’ common' stock. ‘oavanie 2% % auarterly o Plus b% In stock. d Pay. able "when earned, e Pavable in. cash or stock. 1 Plia 1% in stock.' e Plus” 1/50 share’in stock b Plus $1 a share in $pecinl | Stock {Plus 6% in stock. ) Plus 3% in focl ke Bavabin 1740"0f & hara Guarterly in Ciass A stock ' 'mPlus 8% in stock | n Partly stock. p Plus $3 in nreferred stock a Plus one-half of common stock. CONSOLIDATION NEAR. NEW YORK, October 8 (P).—Suf- ficient stock has been deposited under 5814 61 8115 414 91 . ling them to outline at thi: the | work which they hope to accomplish | Ition to be held at Houston , | addresses before | Section | of | Securit | top of hi 5| the week ended Septembe: 000 in the week ended Sep-| the marger terms of Bucyrus Co. and Erfe Steam !hn\d to assure comple- TYPE SHARES SE 1927 HIGH MARKS | Pepco Pfr. 5 1-2s Lead Mar- ket Trading Around Peak Since Offering. BY EDWARD (. STONE. Doth type stocks reached new h 0 the Washin today. Ten shares Mergenthaler Linotype sold at 10 hares of Lanston Monotype 108 Potomae cent preferved volume r hands in ei ton of i 1t Electric led Power per the market in wres chang %. which ¥ reach- ed sever Jarber selling at common ¢ tary Grocery ers, changit 10175, Raily 0 shar can (o while the 1013 and preferred | shares 11 Traction registere sand & l.m\cl me out at 4 was amor hands at & Electric and Capital Columbia moved up to 101 There was by list, recent price 1 tradirg in the hond levels prevailing. most interesting bid and asked quotations among the bank rizht now are on Continental T the bid being 130 and the asked price 185, a most unusual sp at vesterday declared semiannual dividend of payable on_ October 15. closed from today This hank d of 10 per cent ank late the 1 5 per cent, hooks will be that time ar annual divide and a 2 per cent extra. Bankers Meet on October 18, Announcement is made that the fi regular Fall _meeting of the District | of Columbia Bankers' Association will | take place on Tuesday, October 18. President W. W. Spaid has sent notices to all committee chairman ask- during the rest of the vear After this meeting the activities of the association will be started. A iation business always is quiet dur- though the council seps in touch with matters bearing on finance and the welfare of organization, Glass to Address Bankers. The program of the A. B. L. conven- was an- nounced today by F. N. Shepherd, executive ma ger of the association It reveals that one of the important the Clearing_House | will be delivered by Senator of Virginia on “The ver of American “arter Glass Clearing House Pre: Independent Ban President Melvin A. in the chair, and one of the most noted speakers will be Silas H. Strawn, presi- dent of the American Bar Association. W. R. Morehouse of Los Angeles and W. Espey Albig, deputy manager the A. B. A., who spoke at the sav conference held in Washington Spring, are on the program. A score other luminaries are also on the list. he Washinston delegation is plan- | { ning for a s 4 op at Atlanta and one at Orleans on the wa Bank Official Is Felicitated. Howard Moran had a birthday today. The vice president of the American & Trust Co. never saw the | desk during the day. . It was | simply buried beneath flowers. Per-: haps the most beautiful tribute came from the trust company’s branches which are in charge of Mr. Moran. He congratulated by a host of friends, New | both in and out of the ban Bank Votes Regular Dividend. The directors of the Washington Loan & Trust Co. vesterday declared | the regular quarterly dividend of 3 per cent, payable on November 1 to stockholders ‘on record on October ansfer was also ordered of $100,000 to surplus from undivided profit making the company’s surplus $2,10 000, in addition to a capital of $1,000 o0, The directors met for the first-time in their new room on the tenth floor of the addition to the main bank. The directors were much pleased with the new quarters. the only decorative fea- tures of which are oil paintings of Brainard H. Warner, the first pre dent, and John Joy Edson, present chairman of the board ent directors of the com- Fdson, John Andrew Parker, Harry Arthur Peter, Frederick V. Augustus Crane,” Floyd ames R. Ellerson, jr.: ing Fstes, Albert F. H. Goodwin, Melville B. G Holcombe G, Johnson, John A. John- auffmann, Carl B. Kef- , J. Leo_Kolb , Theodore W. Noves, Walter §. Penfield, Harvey W. Wiley, Donald Woodward and John H. Clapp. Directors to Give Dinner. President Maurice D. Rosenbers and the directors of the Bank of Commerce & Savings are to give a dinner to the members of the staff at the City Club Kriday evening at 6:30. The bank has just passed its twentieth birthday. Earlier in the day the recently re-elected directors will met and organize for the com- pany Aare -d in Financial District. nk White, cashier of the Na- | lank of Wi s' vacation. . acobsen, cashier of the Na- tional \lelrnpohmn Bank, is.back at his desk after his annual vacation. Several Washington stockholders are much Interested in the action of Arundel Corporation stock on the Bal- timore Exchange. Yesterday it climb- ed to 483, a new high, and on Tues- day there was a turnover of 4,300 shares. Individual Debits Off. Debits to individual accounts, as re- ported to the Federal Reserve Board in leading cities for the week September 28, 1927, ageregated or 10.7 per cent helow the total of § 3,000,000 reported for the 7 ling we Debit 000, as compared with $3: last, and tember 29, 1926, AMERICAN EXPRESS 2W YORK, October 6 (#).—Amer- press Co. officials assert they know of no financial or other develop- ments in the company's affairs to cau the recent sharp rise in the stock, including reports that Bancitaly Corporation was negotiating for the purchase of its foreign banking busi- ness. OIL “ON INQUIRY BASIS.” NEW YORK, October 6 (#).— Standard Oil Co. of New Jersey an- | nounced that prices on bunker fuel | oil at S8an Juan, Porto Illux would he on 'subject to inqui h’wN ‘The previous quotation was §2 a barrel. TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) i Noon. . nmnas 100 118 100 & - Rate—M turity. 138 Dee 15 ID""’... paye a | ession the | he | Traylor will be | of | £ | last | to Houston, | shington, Is taking | Is. A. L. SEPTEMBER PROFIT EXPECTED TO BE SMALLER BALTIMORE, October & (Special) ptember results of the Seaboard Air Line Railway are expected to be less favorable than they were for the corresponding month of 1926 This belief is based upon car loading ies, r the first eight months this year surplus after charges of the Seaboard | | was $1,310,658, slightly more than half of the $2.549 shown for the | corresponding period of 1926 Assuming that the final four months {of the current year's net results will | equal 1926, earnings of the 12-month | period would equal 12 per cent on the adjustments. or, after allow-| ing for current interest on that is sue, S8.11 on the preferred and $2.65 on the common, after allowing for prior interest and dividend charges. | RUBBER ADVANCES. NEW YORK, October 6 (Special).— Crude rubber, smoked ribbed sheets advanced i at today's noon quota tion of 33%c. This compa 11,0 a month ago and vear ago. SILVER QUOTATIONS. WV YORK, October 6 (#).—Bar Mexican dollars, 42, 42 silver | SECOND TRUSTS WANTED WM. H. KYLE, Real Estate Financing. 1110 G St. N.W. BOND SALESMAN 'k salesman tes_connectio ble and es i<hed bond firm. wn clienteli d near Washingzton. Very ences, and furnish bond if nec Address Box 90-B. Star_Officy | | xperienced bond and st | | | Money to Loan Secugcd by first deed Of trust on real estati | Prosailiny interest” ang “comminsion 18 e LOANS MADE | | —on Distriet of Columbia and Iy nearby Real Estate Lowest Interest and Com- mission. Prompt Attention THE COMMERCIAL NATIONAL COMPANY (Incorporated) Paid-Up Cash Capital. $700.000 ¥ 'l Bank Bldg., 1ith & G Money Available for Il FIRST DEED OF ' TRUST LOANS Reasonable Commission Prompt Replies to Applications | JAMES F. SHEA | 643 Louisiana Ave. N.W. | | | . Ascertaining the Facts | EHIND each | Mortgage Loan application there are certain conditions i prompting that ap- plication. ‘ HE conditions which prompt that applicatiof are looked into by our loan or ganization .and the application carefully considered, in the light of the facts ascertained. EEVER snd [(REALTQRS] i LONDON PARIS | | Public Securities. . Other Securities. Loans and Bills P FINANCIAL. MUNICIPAL BONDS Exempt from Income and 5 1/2 ‘70 | District of Columbia | Taxes. Interest 5% to 6%. FRED T. NESBIT 1 ankers Bond & Investment Co., 1010 Vermont Ave. Saln D392 734 Southern Building Main 1596 REAL ESTATE LOANS Over a Third of a Century's Experience Specialization Pays Specializing Property Management — such as we have been spending upon Washington Apart- ments for a Third-of-a- Century will go far toward returning its own- er maximum income, up to the measure of his rea- sonable expectation, from any apartment over which we may be given supervision. B. F. SAUL CO. Main 2100 925 15th St. NW. urchued Capital, Surplus & Undivided Profits, Over $2,000.000.00 It’s The Handling —of your extraordinary re- quirements that tests the real worth of your banking connection. 7 So complete are our facil- ities—so diverse our conne: tions — that “Metropolitan” service measures up to every need. 1 You'll service. OLDEST NATIONAL BANK IN DISTRICT OF COLUMBIA 3% Paid on Savings appreciate suc h Metropolitan 113 Bank 113 Years Years old old 15th St. opp. U. S. Treasury Tue FirsT NaTioNAL Co. BALTIMORE, MD. announces the opening of 4 WASHINGTON OFFICE in the BARR BUILDING with MR. G. W. PRATT as resident manager HROUGH this office investors in and near Wash- ington are offered 6% First [NaTionaL Bonps, se- cured by conservative real estate first mortgages depos- ited with The Batimore Trust Company, Trustee. Taz First Nationar Company, with capital and surplus of $2,186,198.54 and total resources of $2,787,7g6.02, as- sumes full legal responsibility for prompe and full pay- ment of principal and interest. Maturitics 1 to 10 years. Circular on ng‘m:n ‘ D Y Guaranty Trust Company of New York 140 Broadway BRUSSELS LIVERPOOL HAVRE ANTWERP Condensed Statement, September 30, 1927 RESOURCES Cash on Hand, in Federal Reserve Bank and Due from Banks and Bankers U. S. Government Bonds and Cefllfiuteo ..$179,050,959.36 26,827,302.42 25,290,912.29 cecsecscencaseess 24,779,531.74 3,917,013.33 | to individual accounts in_the | fifth district last week were $288 2,090,000 in | Real Estate Bonds and Mortgages.......cccc... Items in Transit with Foreign Branches.......... Credits Granted on Acceptances. .......ccc000eee Accrued Interest and Accounts Receivable....... LIABILITIES Surplus Fund .. 1 Undivided Profits 3 Accrued Interest, Reserve for Taxes, etc.... Acceptances...... Outstanding Treasurer’s Checks . Deposits.......... cesien ceesse $ 5,466,054.70 58,397,323.06 7,429,275.75 7,245,706.54 $765,128,460.01 = $30,000,000.00 30,000,000.00 3,657,084.45 $63,657,084.45 6,728,574.62 58,397,323.06 34,347,354.26 601,998,123.62 765,128,460.01