Evening Star Newspaper, October 9, 1927, Page 35

FINANCIAL. STOCKS END WEEK THE SUNDAY —— Y e Y2 High Lo Huieh L U & BONDS Hizn Low Last Vield 101 101 25 100 Liberty 314s 1932 47..... 101 17 101 13 101 15 103 2 103 30 102 23 Laberty 18t 448 1932 105 % 1035 1036 1015 100 1014 100 2 Liberty 24 s e 1927.42., 100 82 100 R 100 K2 10117 100 101 31 10 Liberty *d 1%, s ju2n 10017 100 24 100 27 10318 101 104 12 103 Liberty 4th 44 < 1933 38, 103 29 103 2¢ 103 26 11010 106 9 114 51 110 5 Treasury 4%s 1947-52... 11¢1 113 27 113 51 — YL —— e 1927 5 % High Low Hizh Low FOREIGN Low National Bank of Washmgmn 100 96 100% 475 Argentine June bs 1959 1004 96' 101 74 Arcentina fs A-1957. —~ - = 98 67 Australia bs19 ,at 1927 Top—New Branch |10s 100 105 101 Austria is 19830 0 D 927 Sty 997 92 Begium 63 1955 111'% 105 11 Belgium 7% s 194 pens ecember 1. 10812 105% 1074 Relgtum 8s | . 93 8l 9% Bordeaux 6s 1934, 4y 5 88 R Brazil 6l%s 14957 BY EDWARD C. STON 100 104 Brazil 83 1941. Hardly a day passes without some |19 104 Canada és | Washington bank stock leading the | 102 oL Cana s ’,Y,’,‘,' 20 : i s procession into new high und fo 106'2 Chiie ¥ ) Chinese Govt Ry 5s 19 Copenhagen 5158 1944 Czechosiovakia ¥s 1451 Denmark §s 1942 tha year on the local exchange. Yes. terday was no exception National Rank of Washington stack coming to the front with a sale of 40 shares at Dutch East Indies 6 310, five points above any previous Dutch East Indies s 1962 . G820 dsarinter S French Government 7 ansfer. French Govt 115s 1941.. American Security & Trust was the French Govt ¥s 1945. only other active bank stock. This ierman 7s 1949 . opened at 466, about 5 points under| 3% Holland-American s f 63 1947. ... the high for the year. dropped to|194% italy 78 1951........ R 4651; and closed at 465, the day's| 00 Japanese lgn 1954 2 turnover involving 50 shares, 116 Jerzens Utd Margarine 6s 1947... In the miscellaneous list Peoples [ 1095 Netherlands 6s 1972 e Drug Stores preferred was again in| 99' Norway 5%s the limelight, shares sellin: 871 Paris-Lyon 119, Although the stock reached 122 | 041, Poland 8s this weck, the quotation vesterday | 106 Queensiand 6s 1547, ... was about 10 points above where most | 114% Quee and 7s 1941.... of the recent siles ha been [ 119% Rhineibe 7s recorded. 104 Rio de Janeiro 8s 1946, o l05% Washington Railwax & pro- [ —— Rome 61:s . 1% ferred sold yesterday at 983 and |106', Sao Paulo State of. 8 1336 ... ... 106 closed at 98%. on a st-share turnover. | 98% Seine Lept of is. 103 103'% A smali lot of Capital Traction sold | 983 Serbs, Croats Slovenes §s 1962... 101 100 - 100" at 10613, Mergentha held firm at | 106% Sweden 63 193y 105 104" 104 4 115, 40 Grocery | 108 2 Blps 1946 1042 104 preferved ed hand 11013, and | “9 Toho Elec Pwr is . 990 Commerc tional Ce. preferred 119 United Kingaom o by s 1923 18 came out 106 United Kingdom 5 a3 1927 2 B nds closed the woe GEdpaos Yokohama §s 51. quiet. Washington ¢ INDUSTRIAL AND MisCE Eold.at 1051,, Railw 97's Amer Agri Chemical i %8 1941, 103" gale at S8 and Potomac Electric Power | 100 Amer Smeit & Ret st 58 1947, 1028 First were pu ed at 191's. 1073 Amer Smelt Ist 63 1947 105t The corporation’s 6s were ac- 104 Amer Sugar Refining 6s 1937, 10478 quired at 1081 . 98% Amer Tel & Teicl tr 48 1929, . 99V The weekly reading of quotations on 101 American Tel & Tel s 105 unlisted secuities showed few 103% Anaconda Copper 68 1953, ... ... 104 changes. The bid price on Miller Anaconda Copper cv deb 78 1938.. 103 Train Control has recently moved up Armour & Co 4 tas 1939 . . 9 to 213, with none offered. while the ArtiolrotiDe) i 540 Bt bid Washington Base Ball stock Atlantic Retin:ng deb 101 has dropped to 35. Barnsdall Corporation 68 1940 8 2 Bell Tel (Pa) ref 55 1948 ... 10574 New Bank to Open December 1. 101% Bethlehem Steel p m 5s 1136 1001 Harry V. Haynes, president of the 105'2 Bethiehem Steel s [ 63 194 . 104 Farmers and Mechanics’ National Bank 86 Cons Coal « Ma) 15t ref 5s 1980 w3 in Georgetown announces that the 102 Cuba Cane Sug cv deb 88 1930, Tl new branch being erected on Wiscon- Detroit Edison ret 85 1940 eee 10 sin avenue at Warren street will Dodge 6s 1540 ........ »7 open December 1. The new building ISastern Cuban Sug 1% s 1937, 105 Goodrich (B ) 8lgs 1947 wT » Goodyear Tire $s 1341 Humble VIl & Ret Indiana Steel 53 Inter Mer Marine s | Inter Paper 5= A 1947 already is up and the plastering near- Iy done. The branch is just three miles from the main office. It will give Tenley- town its first bank, the nearest in- stitution of the kind at present being the Bank of Bethesda and the Chevy International Paper cv 6s 1941, Chase Savings Bank. The Farmers & International Tel and Tel 418, Mechanics’ officers feel that the eily-Sprinzteid 35 1931, .. branch will be far enough aw from | Lackawanna Stee' 5s 1950 Laclede 58 ... Liggett & Myers 5s 1951. Manati Sugar s { Tl3s 1942.. Midvale Steel 5s 1936 New England Tei 58 1952 N Y Eaison Ist 6= 194 NYGasEL H&P s 1918 other banks to have fi2ld «f its own and render needed service in a rapidly growing section. B. & 0. Earning $12.60 Per Share. In touching 125 this week Baltimore & Ohio established its highest price 109% since 1906 Although the company’s Y Tel 444 1939, 101 1010 earnings in August, the List report ¥ Tel 68 1941, Jus 109' Evallible, i0 nut waake & favotable| 102% 100 . Northern States Power is... ... 102'¢ 10 comparison with the same month 103% 99 Pacific Gas & Elec s 1942 1 last year, they were the best for any | e i August except in 1926 and 1923. Al i o e e 1074 phiadeiunis Corer g3 514,007 it #tock now outstanding and the reduc Sinclair Oil 7s 1937. 104 n in funded debt to be made in th2 9% beginning of 1925, the company’s earn- it e g i ings are estibated to be tunning at 106% United Lrug #s 1943 106 the annual rate of $12.60 a share. In 88 U'S Rubber Ist & ref 68 1947 £4in eddition the road has an undistribut- 103 U'S Rubber 7%s 1930..... 10474 ed equity of $3 a share in the earnings 106' U S Steel s f 58 1963 B 109 other railtoads, such as Reading. | ks Ut b (et nil 06 1004 Western Maryland and Wheeling & | Warner Sugar 78 193 Lake Erie. 111' Western Union Tel s 1936 97% Wilson & Co Ist 6s 1941... Reserve overnol . Board Governor Lauded. RAILRUADL Designation of Roy A. Youn3 as! Atchison T & S Fe gen 18 1995 governor of the red:ral iz.eive | Atlantic Coast Line 18t 45 1952, Board, succeeding D. R. Crissinger, Balto & O ISt gold 48 1945, meets with general favor, amung Balto & Ohto cv 44 1933 Balto & Ohio ref 5s 1995, Balto & Ohio 6 | B&OPItsLE& W Va s 1941. B & O Southwestern Div s cfs 5| Hrookiyn Manhat s t 68 & 1468, ., Canadlan Northern 6 %s 1948 Canadtan Pacific deb 43 Central Pacific 43 1949 IWashington bankers. As governor of the Ninth Federal Reserve District, at Minneapolis, Gov. Young is already fo- miliar with_his new duties. He has been with the Reserve Board since 1919 and has been a banker all his life. After starting his career as a mes- genger with the Western Union, he later became associated with the | Chesapeake Corpn 5 wi........ First National Bank of Marquette, | Chesapeake & Ohio cv 4 %3 1930 lich., as collector and bookkeeper. Chesapeake & Ohio 2en 4433 1992, Chicago & Alton 348 1950, ... Chicago Bur & Quiney 4%s 77 B Chi B & Quincy Ist ref 58 1971.... Chi & Eastern 111 zen 58 1951..... Chi Great Wastern s 1959 When called to the Reserve Board he | was manager of the Citizens’ National Bank of Houghton, Mich. New Book on Forecasting Prends. One of the most interesting bouks | DonCh MW St hievtmiss published in recent weeks, “Forecast- | 96' DU SCRUMIE St Eaul xun 43wl S0 ing Stock Market Trends” (Barron's), | E8% e o e . has come to The Stars financial desk. | 114% 111's Chi & Northwestern 64 s 1936 It is written by Kenneth S. Van | & e 0 ey Strum, who will be remembered as | ¥2% ;i‘" ‘E""" l'fn’l: ';_"'“"" '*'h" ”"3‘~ win Sieted ol | . Jnion Station +4% 3 1163« She author of “Investing in Purchasing B e b e Observers know that liberal finan- | 187 e ey #cial returns come from the ebb and | 103% Colorado & Southera 4% 1935 flow of the entire stock market. The | get Cuba R R 58 1952 difficulty lies in determining when it | 5oi8 Del & Hudson cv 58 1! is most likely to flow and when to | 122 Delaware & Hudson 5448 1937 . ebb. In his book the author has | Den & Rio Grande son 43 193 attempted to measure the extent to g which countless statistics can be relied upon in forecasting coming busines &nd market conditions, his aim beng 10 evaluate the numerous marlet re- ports and statistics which are continu- ally appearing in the financial press | and available to everybody. Den & R G West 5s 13 Detroit United 4 o 1932, Erie st con ¢s 1396 Ertegen lien 48 1996........ Eriecv 4s A 1953 Fla EC5874.. Grand Trunk s tdeb h 1936...... Grand Trunk 7s 1940 1001 108% 116 Chapters are devoted to such sub- ! It Great Northern 445 | Jects as business failur nd 1120 Great Northern gen 5% 1452, dividends, prices of individual com- | 1% Great Northern gen 78 1936...... modities, general price levels. price 107 Hudson & Manhatian ref 5s 1957, indexes, crop production, iron and Hudson & Manhattan adj s 1957, 42'% steel production. rate of consumption. Lilinois Central 4% 66 . 1017 Intar Rapid Transit 5a 196 Inter Rapid Transit cv 7s 1932, Inter & Great Nor ad) 63 1952, Kan C K1 Scott & M 43 1936 .. Kansas City Southern 3s 1950 Kansas City Southern 55 1950, Lake Shore 43 1928 Lake Shore 4s 1931...... Louis & Nash unitied 4s 1940 Louis & Nash Ist ref 5138 2003, Mil Elee Ry & Lt Lst ref 55 61. MStP&SSM6las 1931, Mo Kan & Tex (st 431990, ..000us Mo Kan & Tex ad) 55 1987 Mo Kan & Tex pr in 58 A 1962, Missourt Pacitic gen 48 137 Missouri Pacific 55 ¥... New York Cent deb 48 1 New York Cent raf imp 58 2013, New York Cenitral deb 85 1935, . New Haven deb 4x 1957 n ields, stock aver #zes, the Dow v, and the in portance of studying basic conditions. | The writer kas assembled a mass of | most interesting material to prove his | yoints on the relative usefulness of | kiatistics as barometers. Among his conclusions is that it is impossihle for | any group of men to control the fluc- | tiations of the stock market; there | ere no conditions or series of condi- | tons that may be considered normal: #nd while the future can never be | exactly the same as the past, yet the past is the only hasis upon’ which we can ju the future. H Questions Value of Title B A local binker questions the moral valie to the youth of the land of | s freavewsicti | AmIOniE oL Lot 7 NYN R H ovaen 6 (508, it o oo SR bRy | N Y West & Bosion 4% e R IR T R S Norfolk & Western con 48 199 $bid Hatenca 1ut bt Lad | Northern Pacific 38 2047. b v S nentivie e olnB AR Northern Pacitic 4% 1997. cedpadsin i o il g and | Northern Pacitic raf imp s 2047, . vntil he 0 JuEen 1o EORumEd Ore Short Line ref 43 1929, o ile s o aached Q- dhetstieet Ore-Wash ist ref 4x 1961 I At collected his bet Iennsyivania a=n 4lgs 1483, P AoCAlar Suashingioni hanker annsylvania gen 53 1988, .. e rnwatiue hat e WhiniE Pennsyivania 6133 1948 f 18100 JUlng o, plun Peoria & Eastern ine 4s 1980 e e Cling game. He Insists that | Pere Marauette I8t 58 1958 .. .vs v iS ton young to phince | Reading 4% 1997 .. L Instinct, and suggests Rio GGranda Western clt 4s 194 afore vou gambhle R1ATK & 1,418 1934 . your banker LN &S R&G4s 1933 L & San Fran or in 48 A PweRes o St L & San Fran pr in 5s 1950 TRUSTEES IN DISPUTEL. St L& San Fran5%s D 1942 % = e L & San Fran ad) 83 1955, ., NEW YORK. October 8 (8).—py L & San iFran inc 6 1960, ... phility that the reorganization plan fo LPKCS Line § 48 1941, the Chicago & Alton might he put | Seaboard Air Line ref 1959 . through n the next few months is | Seaboard Alr Line ad) 58 194 row considered unlikely owinz to a | Seaboard Air Line con 6 1945 gispute which hus avisen letween | Southern Pacific ov 48 1929. trustees for the 3's per cent bhonds | Southern Pacific col 4s 1949, pnd the general mortzage 6e. Hear Southern Pacific ref 43 1955, Southern Ry gen 43 195/ outh Ry 18t 58 1994 Southern Rv dev 6158 1956 Third Avead) 5s 1960, Union Pacific 18t 4s 194 Virginian Ry Is1 58 1962, Ings are being held from time to time hefore a special masier in New Yor and Chicago. Reports will he s itted to Judge Carpenter of “pited States District Comrt. in o} * the receivership. Although 1t 102 2 er cent refundinz honds are noi| 104 105 103 Wahash 18t 58 1949, . sing foreclosed. trustees for both | 105 107', 10314 Wabash 5% s 1975... . 106 roups disagree on the piperties ne-| 774 R7 76t Western Maryland 4s 1952 8614 uired subsequent to the diawing of ' 100 100% 91 (Western Pacific 58 1448 . 19N 99W You 9% 874 91's §6'a West Shore 13t 3 2361, 20% 0l'a 90% 9l's e mortgages. . 'Eastern Institutions Have Lowest Salary' | ' Accounts, With Boston Gcttmg Minimum | | | returns { and Philadelphia are the lowe STAR, WASHINGTON, D. ¢, OCTOBER BOND SUMMARY FOR THE WEEK |STATISTICS OF RESERVE BANKS SHOW EXPENSES ARE BIG ITEM | Bastern districts on a low scale. Rich- rom stat released by the | mond is credited with about the ave Federal Reserve Board, the subjoined | age salary payment, 19.6 per cent as table has been prepared and given | compared with 25 per cent at St circula.jon by the Shawmut National | Louis. Bank of Boston «| “Boston has the lowest tax rate and From these figures the chief items | Dallas the highest. Net losses show of expense as well as the minor items | vather heavily in the fizures of all in the o e. :tions of banks in the Re- | districts, especially in the South and serve systsm may he ascertained and | Southw n sections. Richmond the net results of oeration and com-| showed 7.6 per cent losses, 11| In the net on capital. surplus and parisons hetween the different Fede Reserve dictricts, At the same time [ undivided profits, New York, financial | officers of nat banks may make | center of the world. leads with 10 their own comparison as to costs and | per cent earned. Chic ¢ roiurns with hanks in the sime dis- | <ccond with Kansas itrict and with the average of the | Dallas and Minncapolis not much system letter. Intarest is still the one biz item in | Comparisons have heen mads with a tha expense account, holding a little i pumber of local institutions and the labove 33 per cent. of all national | .ggrezate of other districts with credit banks for the year 1926, for which the |5 tha W Sion banike,. the RichS | mond averages. however, have heen | atly reduced by the hanks of the *arol'nas and some Virginia sections. are presented. Dallas Has Lowest Expense. Dallas, Tex., holds the record for | .. . eatia . the st eats o0 Interest, patd, 2.3 | There prosperity has not been a0 per cent. while Boston pays the | £ G h' hest schedule, 30.7 per ccat. with crizage Money Cheaper. this, the Richmond district, showir Ranks ave ot likely to do as well | 319" per cent. cost. -xt year as they did this hy reason In the matter of salaries, Boston the lefun in huildine and the fact t with | . Louis and Dallas leading and other The Exact Figures. nd pereentages of expenses and profits to gross earnings that mortzaze monev freely at lower rates. is now loaning Comparison of member banks of the 1 reserve system. These averages are for the vear ended December 31, Interest Xet piofita ont Tntarest an hov Other adi- Con & and ‘o e Towen Sal 3 Net fion to earning bond cite, mones. a.tes. Taxes. penscs il g g All national banks, 1926. 33.2 1.6 1.6 1.37 | All 'national hanks, 1825, 336 1.4 3 1.0 | Boston 1.4 4.1 1 | New 12 45 1 Philadelphia 1.7 5 1. “leveland 3 i 13 | Richmond 3.3 6.3 1.3 | Atlanta a1 7 1 | Chicago 3 [ g 1 ! ? 3.1 h5 RX 1 0 5.3 1035 2.4 12 There is a fairly good demand urplus of this sort in the ipts, but small, poor fowl. | especially Leghorns and common to ordinary rough Springers, are very [ slow to move out even at the lower [ quatity. | with no | daily rec TALTIMORE {The matket for e values quoted. Large, smooth Sprir genorally steady under lighter 1e-fors are bringing 26 to 23 cents a |celpts with_prices unchanged from | pound and Leghorns, 23 to 26, but 1 week, and a good demand - €| poor and thin fowl will not bring { vailing for well graded, round stoc r 20. Old hens, 3'; pounds and ibut ungraded and infer | sell 22 to 28 with lighter fowl and are nut desirable and mo: even | paghorns slow sale at 17 and 18. Old {when offered at discou Eastern | yoogters in ample supply at 13 to Shore, land and Virginia. York|ig " pemand fairly good for large, K potatoes ared fa¢ qucks, 4 pounds and over at 22 to "'“‘I‘]" “{“l'" 26, but smaller ducks in ample supply e e e ate 3 0y | nd slow sale at 17 and 1S. Demand . &% o Nife und quality, M- | I0F EUles fowl and Plesdng continues B e e Vams holg. | Eoed at 40 to 75 each for the former and 20 to 30 a air for the latter. teady but quiet under general 1 receipts and demand only fai Cattle Market Steady. t With the exception of beef cattle, ppahanno 1o 3 m other W top quotations of 1.50 to 2 To dr: barrel for sweets and 130 to : barrel for vams, stock st g the general live cattle market rules No. 1, as all off grade, small o steady under a fairly good and con- pesulot - is hard to sell. while No. | ¢i1,¢"qomand for top grade stock, but and culls are not wanted at any price. all poor or rough cattle is hard to Native and nearby garden truck in|place at low and irregular prices. amnle supply and easily filling trade | Receipts on the wharves continue light but ample at the stock yards. Quotations today at Light street wharf: Beef cattle, first qualit 10 to 11; common to medium, 6 bulls, as to quality. 5 to 8 cow choice to fancy, 6 to 8 common to Deriand only fair and cen- tered mosily on choice stock, and the market rules easy with prices mostly in buyers’ favor at the followinz quo- | tations tringless green beans to 1.00, hushel; beets and carrots, 3. Nl wants. and 4.00, 100; cabbage, 3.00 to fair, 3 to 5. 100; corn, 20 to 35, dozen: egg plant: Oxen, as to quality, 8 to 8. 30 to 40, basket; kale, to 3: Milk cows, choice to fancy. per head, lima beans, 60 to 1.00, basket; onione, | §50.00 to $75.00; common to fair, $30.00 1.00 to 1.75, per 100 pounds; pa to $50.00. 60 to basket; peppers, & Calves, veal, cholce, pound, 15 to pumpkins, 5.00 to 10.00, 100:|151:: Japge fat, 12 to 14: large rough, 5 cabbage. 40 and bushel: | §'to'10; rough and common, 7 to 8. (plll.k(h 15 to 50, bushel; nlu‘m'i!l;)eli.l | .\“he-p, choice, 5 to 6; old bucks. 4 basket, and 35 (o 50, bushel, £or | to 5; lambs. Spring, choice, 13 to 13% king stoc : 2 i Rowfulw ' Evesn tolt Wbosie {7 lx:‘ 1’3 good, 10 to 12; common, thin, quality are light and the market |mld~‘ Hogs, straight, 11 to 12; sows, § to steady under a fairly {gund demand | 10 ataca 5 tn 7. Elaitg r ¢ o the following quo- N Iy :g‘ln;rt‘::kel:[m:\\l ajmtl(-'\, '5.50 to 6.00, Live pigs, 13 to 15; shoats, 10 to 12. barrel; and 1.00 to 2.00, bushel: while s loose stock sclls mostl. foxtg ben BUTTER DECLINES. ; va r uar 3 N rabes, s, 100 (o 250, bushel, | CHICAGO. October 8 (#).—Rather an1 pears, 1.25 to 3.00. bushel. liheral offerings of 92 score butter Iosing grain quotations: Wheat— | 2arly_today resulted in a_decline of T Vinter spot, 139%4; No. 2| 2 cent on the top grades. The market tone at the decline ruled firm, with supplies of fancy whole milk butter light and firmly held. Buyers were not showing much interest, and trade was quiet. The Centralized Car Market was ahout steady, with supplies ample to the demand. and trade reported ! quiet. Fresh score, 4513; 91 score, 41; 90 score. 4315: 89 score, 401s: 88 | score, 39; &7 score. 38. Centralized: 1\3 score, 4313; 89 score, 41; S8 score, 301 1 1. . nominal REPT:S Rye—Nearby, Ezg Receipts Light. | The general market for eggs holds steady but qulet as it does not take many to supply trade wants at the { premium expected on strictly fresh | zathered stock. Receipts of native and nearby strictly fresh eggs continue light and the movement on this grade is fairly good with all offerings of this & sort meeting with prompt sale, but | 1 ¥ « e ipts. of so-called fresh | Steady: No. T Western, 1.07% f.o.b. ; i New York. and 1.06% c.if. export. eggs are of such irregular A D ntfv can only be termed current re-| Barley steadv: malting, 9013 c.if ceipts and have to be sold at discounts | New York. at, spot. firm: No. 1 to move them. The market closed to- | dark northern if. New York day at 40 cents a dozen for firsts in [ lake and r: No. 2 hard froe cases and 37 and 38 cents a dozen | Winter, f.o.b. New York lake and rail, for current reccipts in free cases. | 1-43%: No. 2 mixed durum do., nomi | nal: No. 1 mn ba f.o.b. New York i Live Poultry Quotations. ake an drail. 5 to arrive in bond. [ The general live poultry Corn—domes- .13; cob corn, | oat: | red Winter spot, | tic, No. 2. spot, 5.00 per bari | 2, white spot, | spot, 57 i NEW YORK MARKETS W YORK, October 8 ().—Rye quality m: Corn, spot, b uu steady: No. 2 vellow. | rules steady to firm with vaiues show | e.LC."track New York Inke and rail ing little change from last week for|1.10: No. 3 vellow, 1.05. Oats, snot. hea fat old hens, 41; pounds anll\vwad\ No. 2 “hns, 611';. Other | over, and Springeis of smooth, fat|articles unchanged. HOW IS BUSINESS? Showing Current Business Activity Compared With Same Week Last Year [oct [rov] oec Ty [ren [ sans ['arn [rnv pme [rns] v serr] _ocroses ] AT LY s countey indicated Ly bnk debits outside weeks of activity avove the corresnonding indicate declines from same weeks I GENERAL BUSINESS ACTIVITY for th New York City. Shaded weeks of the previous earlier. ACTIVITY BY FEDERAL RESERVE DISTRICTS. Chock transactions compared with the same week a vear ago. | 'TT.."‘ ‘r Tw vork | rI"ITTrl'T—. ndeTutn 1 Clegel T Richmond ] 55‘»:;_'5-' | A% —0. et T l(unnnu ity i iy 18, Franeiseol =3 | L +152% | I.EA\D NG I‘\K0\leERS. Showing trend of important fuctors. % Changes Present trend. from year ago Business in dollars (checks cashed) . . Upward + 5.0 K (Department of Labor) ... . ‘llenly - 28 Wages rtment of Labor) . -23 [X nt of II\ ng (Industrial Conference ks -—19 Wholesale prices (Fisher's Index) ... A - 13 Agrlcultural prices (Dept. of Agriculture).... + 44 Movement of goods (car loadings) ..... . — 45 e (Federal Reserve Board) . + 74 ‘holesale trade (Federal Reserve Boa . 0.0 Failures (Dun’s) . +15.6 Bond prices (An: . y + 5.1 Stock prices (Apnalist) . ceiiaee . Mixed +32. Btock market vojume (shares traded) .. Heavy +39.4 Boston.) (All rights reserved. Cambridge Assoct 1927—PART T. COTTON ADVANCES ON CROP ESTIMATE heavy real ied 1 Th poin trad reau |[Early Rise Offset by Heavy Selling, But Level at Close ciated Press h YORK, October 8.—A . very sharp advance in the cotton market | followed publication of the Govern- ment crop report today. December contri which had sold at 2112 just before the report, jumped to when trading was resumed, or points above Friday's closing quo tion. Almost as quick a reaction of about 50 or 60 points followed under up a | 38 points net higher. | openinz chanzed prices to an advance of 16, e nts, ins of about ling I, dication dently below cent sellers. ‘There was a rush of covering or re- buy representing net gains on which attracted hea poir ing the ing, and an immediate jump of to 63 points in pri January elling up to 21.81 and March to 22.00. it e | Offerings were h rapid reactions of best, nd buying promoted by reports of further r: There were slizht seth: husiness was suspended to rec Government report. Is Higher. nz, but the market stead ain, December closing at | the general market 42 to nd | was sterdy at un-| market showed net to 30 points in early for over-the-bu- and the on covering the Southwest. s just before | ve the but the crop in- of 12,678,000 bales was ev the expectations of re- ins in of 80 to 88 more active positions, ¢y Southern sell recent buvers. | enough to cau the I realizing b; Secuged, Sire *Intorger” '-l?-“‘.%?ri’m!'" S Joseph 5 1/2 /0 {{Commonwealth Investment Co. ‘FINANCIAL. 35 Money to Loan WE PAY MORE INTEREST ON SAVINGS ACCOUNTS Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain Commercial Nat'l Bank 14th and G Streets Resources, $17,000.000 GOLDEN NPONALDSON PRESIDENT e oh 4 F N W | eller 30, In Nearby Virginia Prudential Insurance Co. Loans 917 15th Nt. N.W Phone Main 2623 WE FINANCE classes _of income.nroducing oropar! Large Loans a Specialty Current int rate and commission Higbie & Richardson, Inc. —all MUNICIPAL BONDS Bankers Bond & Investment Co., First Deed of Trust Notes for Sale Secured by Improved Real Estate in the District of Columbia Principal and Interest GUARANTEED REAL ESTATE Exempt from Income and District of Columbia Taxes. Interest 57 to 67. i34 Southern Building Main 1596 but t; e buying and re- newed covering firmed up the market again during the last few minute: March sold off to ack and with The census report, bales ginned prior lwas a shade | discussed in the market here, 167 _on the set. closed at romnarod i .19 at the close Friday. showing 5945.- | to October 1. above figures recently bug did | not appear to come in for much com- ment as immediate interest sccmed 1o | center on the crop indication. Reports | of rains in the increased the disposition to bus crop report, and part of the foreno demand was jouthwest may have on the attributed to x,n-m-p.;!u and foreign trade accounts. P tively firm tone of the early mar va et the rela- Liverpool to covering and trade calling, te cables attributed together with continental and Bombay I v vice. ing, was influenced by which, according to some ad- unfavorable weather reports from the Southwest. CUSTOMER STOCK SALES. NEW YORK, lic Service Corporation of Nev sold 115.226 shares of 6 per ferred stock to 15,492 its recent popular ownership campaign | ersey ent pre- subscribers in which started October 1 and was con- cluded in five working da; Applications Invited at On Improved Property Construction Loans at Minimum Rates Glover & Flather —are Real Cap prop rigid prai ists. First Mortgage SHANNON_ Loans 5%% 1508 H St. N.W. Our First Mortgage Notes seccured on Improved 1 Estate in the Nation's ital The loans on these perties are made only after analysis by our Ap- sal Committee of special- ACCRUED ANNUAL RETURN LUCH 1435 K Street N.W. Main 2345 Ascertaining the Facts No. 2. wH E amount re- quested to be loaned at the time an application for a First Trust Loan is made to this organi- . zation usually repre- sents 0% to 60% of the borrower’s es- timated valuation of his or her property. HAT valuation is not necessarily accepted by this De- partment. Our own appraisers carefully inspect the property, having regard to the real estate, rental and economic condi- tions in the district where the property is located, and then - make their recom- mendations as to the amount to be loaned. ~MPERS0sS :’\ 1415 K St Main 4752, or 64 points from October § M’).—l’uh.) MORTGAGE & GUARANTY CORPORATION Main 1403 26 Jackson Place Resources Over $4,000,000 L. E. Breuninger, President REAL ESTATE LOANS 51/ % FRED T. NESBIT || 1010 Vermont Av Sato w92 || The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Resl Estate in the District of Colun.bia and Nearby Suburbs in Montgomery County, Md,, for 3. 5 or 10 year terms on your 5%% . Apply RANDALL He. HAGNER & COMPANY MORTGAGE LoAN CORRESPODNDENT 1321 Connecticut Ave. Telephone Main 9700 Office Building Business Property Apartment Home LET US FINANCE YOUR HOME LOANS To Run S Years No Annual Curtail 51,9, Interest WM. H. SAUNDERS CO.,, Inc. Main 1016 1433K LOANS On Improved Property We invite applications for loans on improved property on a MONTHLY PAYMENT BASIS OR STRAIGHT THREE-YEAR PLAN Lowest Interest Rates AMERGA, SECURITY § Real Estate Dept. 15th and Penna. Ave. BRANCHES: Central—7th and Mass. Ave. N.W. Northedst—38th and H Streets N.E. Southwest—7th and E Streets S.W. Northwest—1140 15th Strect N.W, TOTAL RESOURCES OVER $38.500,000 AFE FIRST MORTGAGES IT TAKES MORE THAN CASUAL ACQUAINTANCE —with realty values to make wise selection of properties chosen to serve as the basis of mortgage investments. When it is remembered that in over a Third-of-a-Century none of our investors has suffered the loss of even the slightest fraction of either principal or interest, con- ver @ Third of a sideration of our tury s 6% FIRST MORTGAGES Without a 5 —renews attention to the safe Loss and conservative and well in- formed selections that mark our choice of real estate securities. B. F. SAUL CO. Main 2100 925 15th St. N.W. |f