Evening Star Newspaper, October 13, 1927, Page 14

< Ay g @ PINANCIAL: %wm. @ THE EVENING STAR, WASHINGTON, D. €, THURSDAY. OCTOBER 13, -1927. “Wmwis. © # FINANClAL. *5WSen ‘STOCKS IRREGULAR | [~ NEW- YORK STOCK ZXCHANGE - | |DROPISINDICATED | ez e facturing plants of the country dur- # ing September. based on consumption p v Received by Private Wire Direct to' The Star Office. of electrical energy. was at about the p - : same rate as a year ago, but 20.7 per 2 71 Broadway, Open Low. Close. | Open. Rish. Low. Close. | Open. High. Low. Close. cent above September, 1925, Electrical ik ) ADitibl Pow (5). 135% 136% 135 135 | Equit Bldg (7).. 85% | Pac Ol Stubs... 1% 1% 1w 1% World reports. The month’s productive New York, October 13, 1927, Brie R R, . 65 65% 5% | Pac Tel & Tel (7) 158 1567 ivith el 71 r cei : :::;;',_',fis,r;';'g 1?&' Y 12’1‘1/‘. %zz:: grfi ;n pé.'w... . Y l;::‘.‘k:rl:o(lg.nw. :z;& :g_‘« i‘:;: li‘n”.kuv;u:at and nP:;;nl :tse:'u%?\:‘l- As members of the— 13 © 7 rie Stm 3 o ie ) o 10% . . in about equal to that ry J ' Steel and Motors Gain, but|AsvRumier.... 'tow 'iow 'iow 10| riestms ot 2 wa | Famamperciy. 47 4o don 4o | First Figures on Today's Call|5ain sboutoetuny, b, (ot mororied, a ; New York Stock Exchange ’ 30 ag% :g“ Eureka Va f14% Pan-AmPetB(4) 41“;: 4 sh Moderate Dedli in the Southern States sh:wm a gain . Chicago Board of Trade 3w 3% 3% ped Ligt(h1.40). . i rate De of 17.8 per cent compared with Sep- g Bears Have Some AleBeductaurt) 172 e 'E‘,“"rmufr‘ouo:. h Tos B o b F e o e R w York Cotton Exchange ax Rubber... T A | Fed Min pf (7). P 2 A States, &' gain of 0.8 per cont. It is with pleasure we announce that 9 : aramt-F pt (8) 1207% 7 P € Success. Albny Pappr (1) 99" 99" 98 98 |l Pnoonix(s). JParame-F pf (8) 120% 120% Taxes Faotqr. : 13 Amal Loather... "1 3o | Redamas). S in 15| PatheEx A1), 23 23 2 22 e Money to Loan " WILLIAM A. SCULLY 7 Amal Leather. 13 da (2). 20% 30%| yigigchmann (3) 62% 63 6 j | E3UnO 2.0 . . e BY EDWARD C. STONE. Secured by tiret dued of trust ou real BY GEORGE T. HUGHE:! A m 5, o igs 3 Y . HU S. 13 Foundation (5) . Peerless Motor. . o 22% 2 | Prevailing _interest and commige; e n admitted as a general partner in thi :g‘ l-‘:nnl-‘:lmo: ::; b Eebivk &.vore. . 19% Controller of the Currency Joseph | Joseph I. Weller ¢30,Wash, i, has beet 8 P s 4 3 firm, and will be resident partner at the Washing- T e e o S . Freept-Tex 14% it 5 g::f‘é‘f(?:k‘n“' P l(lmw, o W. Mclntosh today lssued a_call for | o s ton, D. C. Office, Connecticut Avenue and De Salgs {| NEW YORK, October 13.—It was 2 234 gt Pl Y _ Bt i o the condition of all Washington banks St » ‘1 with opinion widely divided that Wall Gen Am Thi). Pa DIz Cept (1) - ; :n):c ‘:'l'li;rcll(;)sa of business on Monday, Mm‘xe Mone’ l.ouml h Street resumed operations in the T Gen Asphalt.... 76 Penna RR (3%) 6614 Figures obtainablé today from the at Low Interest Rates 5 G 5). Pe . 5 £ B Maii stock market after the holiday. Price 64 ' 6% 63% Keaiason peutss ~8 . S e g LR teading banks in the city indicate that Sioheaiie: Oudiins: I Telephone Mai By i 5% v decline in total de- T“changes reflected this condition. Some s Gen L1 B o 3 Pere Marq (18).. 3 they will report.a : 4 & R u‘ rf d X sk b ! Gen Kileo «18). e 1t 0% | posits at this time in comparison with lyler uthertor 1775 Broadway, N. Y. City Am Drug (80c). . - S 3 = total deposits on the date of the last Hes: 17 East 42nd St, N. Y. Cit eral, however, there was a better tone | Am Encau (2.40) 43 Gen GasA(ol%) Ph11aCo6 % pt(3) 52Y% Loan Correspondent Mutual Benefit Lite Branches 42 East 53rd St. N. Y. Cié 168 Gen Motors. ... PhilaCob% pf2% 44% . | call, June 30. WRIGHT, SLADE AND COMPANY 5. sday. The so-called | Am Express (6). 188 8 r: P The loss in deposits will be of only > . than on Tuesday T e | A& boc Fow,. 37 T 121 " 'G::fil::u‘;‘l:‘;{;; i ;:}:::Rrégll.’.. an moderate. proportions and. fs eor. || 1520 K Street Main 475 pivotal issues were nearly Am&Fo P:nt (7) 105% H‘)gg/‘: l'l’;;‘h GSH OtTA 6 Philip o sidered by bank officials to be largely - lar. Am Hide & Lea. 12 | G K % seasonal. A Speculators for the advance were | am Hide & L pf. BT o Mol SR i okl . i o T s " Riggs National reported deposits on encouraged at the start by the action | Am Ho P (240). b6« B Tt E). A0 | Bl At s 3 4 POctober 10 of $42,276,049.33, which is of General Motors and of United States | American Ice(2) 274 27h 7% 274 | Glllettetidia). . 9 Elsrovasions s i g alasl 2eotar fhe: THAD: S0 Chib. o8 Steel. The first named opened a point | Am Internati(z) 52 52 52 52| timbel Bros. . 0L o% g i 2,537,273.83. higher and held the gain all tyrough | Am La France.. 7° 1. S LT | R s ’ el o] “Phe American Security & Trust Co. tie forsmoon, at intervals improving [ Am LaFra pf (7 -+ A i iy reported deposits on October 10 as . upon it so that it sold above the price | Am Linseed..... 50% A DR ) Vot ot o8 AT : $30,842 a decting of 32303033 ||| First Deed of Trust at which the one block of 10,800 shares | Am Locomot (8)' 105~ 105 105 105 | 1016, Bust th) e ST 7% 109 1074 1087 | s B call. Notes for Sal changed hands on Tuesday. Steel was | Am Machine (2) 125 1i9% 125 149 | do00teh 1o (8) 0y o | Bitks oai Deposits of the National Savings otes ror dale Jikewise able to make headway. nnzi ,‘\‘mb“lli&:;y‘l;gul 175 185 17!: ; | Goodyeur Tire. . 61% 6 51% | Pitts Ter pt ( 8 1o | & 'J"ruxt1 (‘u.‘ totaled $11,197,430 on Secured by withstanding the continued lack of | Am Pia 4% 3 o) ey A 6 .96 | Pitta &W : : air {October 10, these figures showing a i optimism in dispatches from the steel | Am Piano pf (1) S8 B8N | Covldas it e B R R GT S { decline of $133,503 from the June 30 |§ Improved Real Estate in the Steel, however, was not as [AmPo& Lt (§1) l% 72 = 70% 72 GO0 nE oot . Postum (5) q e returns. District of Columbia aggressively supported as General | Am Radiator (5) 136l trivensatod e an Ihs Cesunes) The National Bank of Washington Principal and luterest ere 1S e ea state Motors. Am Republic.... "'a" -~ d Grt North pf (6) | Prod & Refiners. 2 showed a moder: ain over the June Am SafetyR(33) 52% e L Pon Bacval ). aah report on_ deposits. The Washington GUARANTEED o G nea Breaks. Am Seating (14) _40% % { Gt No i o LB i e st &) Trust. Co: teBorted s datiote. Greene Cananea ; Am Shipbldg (8) 110 Enl\\voruusfi). . guns"v pL (6). ¢ Loan & T Co. reported a decline. REAL ESTATE Oan e u lc an S Traders ranged on the other side!ay, Ship& Com. 3% 3% 4 '"\v e:s_(!.l\;) Pu man, Inc.... 78% 80 Declines Outweigh Gains, MORTGAGE & pointed to the weakness in_several | am Smelting (8) 168'% 170% 168Y iyt o . L R le Sl 32 : The above returns are sufficient to : fctive industrials, Greene Cananca | Am S & R pf(1). 1295 130 1297 140 " | Ureen Canan. Fure Oil (i215) D R R sy TG GUARANTY had a wide open break amounting at | \m Snuff pf (6). 106% 106% 106% | Gunitanamo... . ol T el 9 | will report declines in deposits than | Lowest Interest Rates the low to between § and ¢ points | Am St Fays@). 4% 80 PR it Pl Gl ;l"c“‘ I 9% gains. One back that will report an CORPORATION with only a partial rally sul ently. | Am Sugar (5)... ¢ i h | o b ; adlo Corpof A. 6714 69% 67 extra good gain is the Security Say- . This stock has had an extraordinary | Am Sugar pt (1) 113% 113% 113% 113% | GUIESW 15U(T). 108k 1084 103K 1084 | RS 11 Cota (4). 81 Hig e & Commereint, which nclodes in | Main 1403 26 Jackson Place No Renewal Charges advance since.the first of the vear | Am Sumatra.... 67 68% 66% 68 !Hannalstpf.... 60 & 60 Reading (15)... 4 113% 4 | the October figures’the deposits of the Resources Over $4,000,000 and probably some reaction was over- | ‘Am Tel & Tel (9 185 185% 183% 184% | Hrin 18 b10%sik. 214 21% Reading 1st (2) s . gz | %[old Central Savings Bank, that bank L. E. Breuninger, President ' 1 due, but that it came so suddenly was | Am Tobacco (8). 150 150% 150 150% | Hocking\Val(10) 870 395 375 Yol g ttractive lerm & surprise. Then, mg. Hud!:m Mi!_wrss AmTobaccoB(8) lsg }.':g‘m :Téu. :?2‘: Hoe & LCOA..... E sdla 33 i 3 f‘,;vs ;:‘c':fi' Peets Rbsoshd Mtk Uiy i due — a S iwvas weakest from the opening. U. S.!AnpTobac pf (6) 115% 115% 115 4 | Hollunder & Son 59 85 Rem-Rand $1,60, 291 28 9 ‘majority v T Hoffman Machinery was heavily sold, | 'am Typepf (1). 114% 114} 114% 114k | Houshid ¥ (s%) 66 66 bove | Remgton 2d ctt. " 105 105 i e st o ot pgprriird | Wh I Th t Long erm dipping to a new 1927 low below 47.1Am W W «m80c) 634 64% 63 64| Houston LIl i 170 171% | Rep Ir & 3t1 (4) . 1 621s 62% | in deposits in the Capital. Payment of ||| en s at | There was mor: lluuxktlln\‘i:n in the |Am \‘{"oollen..i.. gz‘z‘lu E:L! fih :E{: Howe Sound 4 B8% 8N B8 genl&sx»un. 2% 1024 September taxes caused some pretty | Y ? l Cuba Cane stocks, with the common | Am Woolen pf.. i 4 Hud Man (2%).. 5b odly eynolds Spngs. 7. 6% 6 avy wi W ; ac- M D i 1 making a new low for the year. Am Writ Pa ctfs 19 19% 19%| Hudson Mot (55 0% Rey Tobao B (5) Py hEhdTunale Span iy Cee ?\rtgage ue! | The l\Ietr'~"p0]“:3'r1 Life Insurance There was little logic in the move- |-Am Zine.. Hupp Mot(1.40). 18 obt Rels & Co.. vast e I ] i1 i - | e e e Ao 0% 35 3% Baniis 00 Washington merchants have also f Maturing First Mort Company Real Estate Loan Plan. Lllinols Cen (7). 134 423 | been stocking their shelves with Fall e adi dependent steels did not share the. @’ 47 48 5 Bosnia IngCotin . O b i ] gages can be advantage- Srmness of the leader with one excep- | Archer-Dau (3). 46% 48% 46% 48% | HlICentpt (6)... ‘32" Royal Dag.13%. 455 800d8 which had to be paid for when 8 In zhe Mayflower Hotel. 1581 : AB% “40%" ARy in 180.11'14), purchased. That lowered many of ously refinanced throug! B Mes Lioonlo Tk aoneur it O o Bl g Dt). StL & San Fi8). 4 1120 their accounts sufficiently to make a us. . 4 yvl‘;{n:’g Svns Dnbed s Gavelopainte | ASRRREOTIIH) - Gh -85 . 5. B intlian Mot L1%) $0 “80. 3 St L Southwest. 80 R on Ui et o { Loans made on Real E VER BRO d ndian Refining. avage Arms. 46 5 |deposits. I s i e Ahe e e A L e oon - io% 4ow [ IWaIxR Bate atte ¥ Schulte (33) b1% 52 | In short, the June call of the con- Estate in District of Co- o INC ———— ?fllol;Mm; e einfuenced by the | Asse DG 26 (17, 108% 108% 108% 108% | ind Ret pe(7)... 1 Seabd Alr Lin 3 3315 331 | troller caught local banks at 4 par- lumbia and vicirity. L B D D ) A I teow | Tl By Seab Air L pf. 39 ticularly favorable time, while the call VACHIY ;::::‘;t-; I abe o L h aY 193 193" | nterboroltayTs. Seastave (sl30). 9% 9% sent out oday finds the in not quite Ample funds available. ) Internat Agri. ears-R (n244).. 5% as good a position, following a rather . s _demand. ookt S i i quiet Summer season. Bank officials f',.':::z. "";"" "'"g Cone 809 15th St. N.W. Main 9486 ~~ New York Traction Uncertaia. : . 2 90 said today that they considered busi- - iTost Sereies . Baldwip L (7 251 251 |lntCom kng (2) 25 ness conditions here as just about nor- THE COMMERCIAL The local tractions fluctuated uncer- | Baito &0 (6). 121% 122% ; Int Comb pf (7). 5)er € 61t mal, the lower bank deposits reflect- || NATIONAL COMPANY Mortgage Loan Correspondent ! tainly. . Brooklyn Manhattan ad-| Bambgr pt(6% 109 109 | intHarv O6)... 22k 228~ 22w Ze3e 5 55% 65%|ing no serious slump. . g e T L RN : - vaca stock Teadins Brsat. (1 iy, ot i sT00080 S T * Telegraph was strong for a time, but | Barnsdl A(b2%) 21 2 21% | Int Mer Mar pf, 3614 | Sinclair pt 100 Broad trading at strong prices was Co ial Nati , g i American Waterworks sold off. One| Bayuk Cigars... 91 1nt Nickel (2)... 663 | Skelly Oil (2) 25% recorded on the Washington Stock mm'"l’,"h ational Bank Bldg. i utstanding feature among the spe-| Beech-Nut (13). 624 6 63 | lntl Paper (2.40) 60 64 60 64 | Sloss-Shef (6).. 2 122 Exchange following the Columbus day th and G Sts. # cialties was the rise in American Ma- | Belding Bros (2) 2:% 22% 22% | Int Paper pt (7), 102% 102y | Snider Packg Co. 14% clos!ng- i chine and Foundry, whic jumped 8|Best&Co(3)... 52% 52% 53% ! Int Ry Cent Am, 42 42 42 |So Por Ric S(f2) Washington Gas Light climbed ‘an {points added to an advance of 41 | Bethlehem Steel 54% 55% 1nt Tel & Tel (6) 151% 152 g:mh Calif Ed.. eighth of a point to a new high mark :, points in tha.‘prmd.lng lention. g:g ::l; ‘pdf .(lz).. 1;33 Lol Island Creek (4) 61 61 61 61 sfl:'g 3:.'::9; A. R ;fi:fl;& pr{_’?;;rggc ;al::rlggl"o\;g%s i Radio was strong again at a new y or cel was strong a g {1927 high above 69. In short, it was a g}mmxd‘m;z;v) 1 1 e ;g;: ;13* 323&3::“:::’.5'; ; :‘Tr'f t";e [ per cent ‘stock was 4 £ without wa'ting for a trend in the rest | Booth Fisherles. 4% »ee 15% 16 15% 15% | Spaulding pf (7) Ten shares of Riggs National Bank 2 ‘ - J of the market to be established, and | Booth Fish Ist., -39 KCP & L 1st (7). 116% 115% 115% 115% ; Spear&Co..... 1 stock sold at 503, Sanitary Grocery i(on, in which bear attacks were pushed | Briggs Mfg Co.. 2i% 1 22 | KanCity South.. 64% 64% 64% Spear&Co pf(7). 80 preferred came out at 102, Lanston B e e n opai e | Bii-Baiaon (£) ; 481 Kan CSo pf (4). 724 2 Splcer Mf..... 2 opened at 1074 and dropped to 107, i BKlyn-Man (4).. 58 Kayserd (4).... 60 ° 60 60 |Spicer pf (8).,.. y and Federal-American Co. preferred Bkin-Man pf(6). 84 Kelly-Spring.... 27% 27% SAG&E (3%). 63 came out at 101. Capital Traction Bklyn Un Gas(5) 134 Kelly Tire 8% pf &7 86% Std Mill (5)..... 3 moved up to 107. —are secured on Tiproved Brown Shoe (2). 44% 46% 44} 46% | Kels-Hayes (2). 21% 21% Std Millg pf (6). There was considerable trading in Real Estate in the Nation’s Brown Sh pt (7). 120 Kennecott C (5), 74 StdOlICal(t28). g the bond division at strong prices. In |0 Capital. The | Bromawiol B (), 42 .42 . 32 Kinney pE(8). ., 70% StdOILNJ t1%) 38% 393 % | the unlisted_department two shares i AL R Buft Roch&P (4) 85 85 85 85 |KeystoneT&R. . b o, 3 | Std OIINY(1.60) . 30% 0% |of Raleigh Hotel Co. stock were sola |J] Properties are made only after 18 (Special).— | Buft R&P pf (6). 105% KraftCh (11%) 51y Sterling Pro(16) 3 at 100%. rigid analysis by our Ap- phia. Electric | Buff&Susq pf (4) 51 - Bl Bl |KresgeSS11.20. Tl Stewart-War (6) Y " praisal Committee of special- jows ' Eons “for- the 12 3:"'"":4"?' o1 % Ll(oouiflc) o . :g‘:mh(-::ruz_“ y Insurance Funds Well Placed. ists. ended ‘August 31, includi rros Add (t4). 1 3 .. ebaker (5).. An outstanding feature df the re- i < " ':‘m; ,m: l.z "“{;57 915, ::: ;::nmp'lb("l’)' 1:2% 2 "L::"T"r".‘g"n‘:h’ l“i“: 83 gzl:’dn:::‘l;:fa ::1-'1 1 " {lew made ,b’{ the Department of ACCRUED | BIOREMOST consideration is given the £ igthioind | . e Boat. 35 ‘ommerce of irisurance company in- ANN | S0P i while net after expenses | Bush Ter de (7). 106% ‘l;:,':'_‘:"n"n‘:g’) e N Sun Ol (11),... vestments during the last four years nm;%}i iotactiva; of, your ikdsioy whep 769 was $17,181,447, against | ButteCop (50c). 4 Superior Oll, is the large reduction in the holdings ?l:“‘ in Insured Mortgage Bonds. eir safety is guaranteed by the §320y i § £ £ BZ 2 5 4 Butsasuper (3). Sk i g b T Symington. 3 of Governmont bonds. Forty-one com- 44 46w 2 4 ; e > o) % Telauts panies whose assets represent 80 per | ’ R pian is reported {0 be tmdet way | BYer &Co....... 53K s s Lisaycas (c6) Delavtoses (¢e) 44| Gont ot the total assets were used by HANNON_& LUCH, : entire resources of inis company and ‘mery Sm- - 2 ® is s & £y k3 ay Gas Co. and five | BY-Products (2). 73 o i 5% 3| Texas Coron (3) the department as a basis for the 143; g further protected by actual INSURANCE into' a company to belCallt Packg (4). 65! 6 65% 5 ‘ Tex Guf study. | g oo il | g i sl ‘Houthern California Gas| Callf Pecncsrr. S0 20 20| et B Tex & Pacite. . While Government bond holdings |if - st through the Equitable Surety Co. of New York, hich will torm|th‘en T;zm ek glmm Zine... 1% 1% ‘:% Loose-Wil(1.60) Tex PC&O(60c). :‘s"‘slyrf:‘u’c:‘d byt saoa,oo;),ooo, D.;shgc = s Yielding 6145% net, 2 to 10 year maturities in ting unit e country. umet & Ar (6) 85% 85 Lorillard Co .. ‘Tex Land Trstn vestments were increa: v z ¥ 500 000 . < S ja Railroad Commission | Caiu & Hecla (2) 16% 16% 16% 16% | Lorillard vt (7). 113" Thatcher Mfg. .. " $550,000,000, _ rallroad securities by | 8 $ hd 3 demomingtions. fes By netidned an amended financing |Can Dry (+3%).. 50 50% 50 50 | Louisiana Ot » The Fair (2.40), 33 33 | 3371.000,000, and farm mortgages by : conservatively appraised home property in the permitting sale of $8,646,000 first | Can Pacific (10). 195% 1974 195% 195% | LouisGasA (1.15) | Thompson(3.60) 58’ $353,000,000. Almost half of the as- ] : District, these bonds may be purchased on the refunding 58 of 1957 at mot less | Can Pac ist pd.. 191% 192 1911 191%| Louls & Nashi7) Tidewatr As OIl. 15 A foio Diihe Sompanies-are Invisih A ‘ deferred 1 n 94, and $5,000,000 common at|CaseThreshg(6) i70% 272 270 212 | Ludlum Steel(s) TIAWASOIIpt (6 farm ahd real estate mortgages. Ot : o ITmas p . par. : CentAlloy (2)... 26% 26% 26% 264 |, Tide W Oil pf (5) $10,982,000,000_ of , inventments, ;the + .| Cen Ry NJ (112) 302 302 802 302 cCrory (l.fl")«.i Timken (15).... » mortgage holdings accounted for $4,- I McCrory B (1. 806,000,000 g < The West Pennsylvania Electric|CerrodePas (15) 64 64k " Toban Prog (7y-. - 000, k f Co's net profit for the 12 months end. | Certain-Teed (4) 5% 53 e Y Tobac Prod A (1) Although the actual Investment in | \{heg ; INTEREST NET ng August 31, of $5,279,807 after in- Cormacornn 13% 69 69 Transeont Ofl. . . 9% | railroad securities is greater than four ) & 2 0 525 : 2 P gi o3 T B «§ ® @ {erest, depreciation, " etc., compared | Chandierve(zia) 1% 104 19 ny s Twin City R (4. 4 FEATS. Kb, the AN I Gsmant 1s Ascertaini Rl S et S ey e Dl i) Macy R H (5)... 2 Underwood (1).. securities represented 24 per cent of scertain : revious. C &0 Corpn (3),. 83 8% | Mad Sp Gar (1). 2 Un Bag &Paper. insurance investments, but 1927 - g DISTRICT NATIONA V. L i P Magma Cop (3).. . Union Carb (6).., » figures show only 20 per cent in rail- the Facts i . NAL BANK " J Mallison & Co. ., Unlon O (+23) d it Chi & Al .o 13 . L road ‘securities. EVERYMAN’S o et e Tl LIl Mandel (234)... Uhlon Pac (10). While policyholders in sound insur- N4 5 Trustee Under This Bond Issue Man £l Sup (5).. 50% Un Pacific pf(4). i worry how their ¥ ChiGreat West., 156 16% % 50% 50% 82 | ance companies never worry tl | o NT M Unlon Tank (5). i B INVE hi Gt West pf.. 33! money {s invested, yet they can but ! AR e Tk B e Mkl sananire 2):. UtdCrrStiC80c) ol gt AL g L S R L gNOTHER ques- g & o ChiMil & StP pf 32% 33% 323 33 | MarketStprior, Utd Cgr St pf(6) the high-class securities in which their tion our fppnia- g BY GEORGE T. HUGHES. CM&StPofs.. 16% 174 16% 174 |aariandoil..... 3314 | United.Drug (9) s money has been placed. Safety has X B Capital and Surplus Over $750,000.00 A SR S e 32%'::';,.'}:3‘..“;'3’" dary | Utd g;u.m,(m Still been one of the chief factors in ;r} hachu;( nnlw: 5 1412 Krps t N.W. P Chi& Nwn (4).e 94 -94% 93 94 118 W D the marked investment changes dur- efore a McKeever treel W. Suspiciously Figh Yields. Chi Rock 15 (53¢ 106% 108 106% 107+, | Mathleson pe (7) 3 113 g'g:{“{,“{;fl?‘,‘; ing the last four years. f 1 Goss First Trust Note ¢ Continuing our examination of the| CR1& P pf (7). 108l 108% 1084 108w | 1Y Depts (4).. 86% g . NOW 1ist of bonds selling out of line on the [ Chi Yellow C(4). 4d% 44% 44w 44y | MAYEaS (12%)., % | US Distributing . In and-Out of the Local Banks. TEAR OFF—MAIL NO R 59% 60 is offered for sale is e T Lo =S pplticnihshy i Y R, ew York Stock Exchange—that is to | Childs ($2.40)., °‘59% 60 Miami Cop (1)., U S Distr pf(7).. .93 9 Chairmen of the various District B 94 ¥ }: A b | i i | E 8 i whether the re £ Fel & Mortgage Co., Ting 067 yIei 1 Bae-bent and | ChileCo s - AMid-Continent, . ; U'S Hoftman (4) Bankers’ Association committees are h r i o STt fc i A oeter 18 emphasize Chrl.ag B‘fx".iz’n). g?‘ :?” fli:"s':. Slu!g‘--- 2 2 ggufi:flm‘ {)rel:mMm:emtm:]rtnst !;; :t}{vfll{-s nc:“vl‘fleg dence is well suited 5 u‘w-l.‘-hs‘m'num' D. ¢ s es et wi. ) B 0 be presentec ‘all meeting of Rt VA Sther Exifooous to. Ioxamory WDkug | IAslerCora) don S0k 5% Minn & St Louis. 3 3 US Leather A.. 3% 4o the wholg .association next Tuesday to the real demand : Sericbigage tend me further Information regarding the One of these is the financial condi- C,evfl,m“;*)"_ 82 82 Min St P & SSM. US Leatprpf(7) afternoon at 4 o'clock, W. W. Spaid of its particu lar . + tion of the company as testified to in | Cluett Peab (5). 73% 73% N aemae. e i e ST f i neighborhood. the balance sheet. It sometimes hap- | Coca-Cola (5).... 123% 124% 1231 1247 | 310 Kan & Tex... USRub 18t (45, 5 Sueh mazlied, intereat in & class in pens that a corporation reports a defi- | Collins & Ak(1) 90 = 90— 90 = ‘0 | MO K& T pf ¢6). SRub 1st (). public speaking was displayed at the € e et s s o |comsa ), 90, 0 W | i Spaita; T 563 USSmelt (3%). 3 institute last evening that a class will i) erviee which 15 immediately reflected in the | Col Gas & BI85, Sos o0% sor oyt | Missour! Pac pf. USSm ot (3%). be formed at once under Prof. Charles market price of the bonds. Closer | Col GRE pf A (§) 107 106% 106% | prontana Pow (5) o L2 8. Richardson of the .University of 1415 K St examination, however, reveals that |Col Carbon (4) 86y, 87y | Montgmry W(4). by pr(n). 4 Mfl}'-V‘“"d-A & Main 4752 g weog sl st g e s e vionsi g 8% 874 | Moon Motor..... Ini Pic 1st pf(8) 98% 9 James A. Soper, chairman of the ain 4752, There has been no actual loss because | Gom Cr pf (1% 20% 20% | Mother L (30¢). Univ Pipe(t23 ) 7 4 2674 | educational committee at the institute, Siaayy cliargen fob Aepresiation: Have | GoptIa'ss Sr(es. Son Bow | Motor Met (3.60) 27 Utl PELt A (e2) reports an enrolimerit of 409 students, been set up, wiping out all the profits. | Com Solvents(8) 181s 185 181% 184% :"}"' WhiASy o 4 Vanadium (3)... :‘:t ’"”.!fi"":‘e"i{‘i“’ Sl mml’?flf o Now depreciation is a = very|Com Powr(2%). 70 721 70% 72 | yponins Body... Vick Chem (4)., : ain o more than 50 stuflents over i real charge. In the long run|Conmgoleum-Nalr 21% 22y 21% 223 | Munsingwr(3), Victor TTk Mch. Bl o Rt i M - it counts and counts just as ; Murray Corpn. .. Victor pr pf (7). e residont Joht I Cres o CHARLES C. GLOVER, ROBERT V. FLEMING, much to the bondholder as to|CongCgrs(t4%) 65% 66, 65% 66 |Nash Motor(t5). Vietor ¢v pt (6)., hint, tonlghts: difie r%megdr!po : Chairman of the Board ey P ot i anybody else, but it does not affect|ConCigars (7).. 79% 79 78% 78% | Nash & Chat (7). 200 | Va-CaroChem.. 3 Al {he Ralmn of theibithst oy resids cash position or the ability of the cor-| Con Cigars pf (7) 103 108 102 Nat Bellas Hess. 36% Vivadou (3).... 3 el gy Lo i e o - poration to meet its interest on its|Consol Gas (5).. 115% 117% R? Vulcan Detin.... e g Rl b o L § \ Condensed Report of Condition ! bonds. Moreover, there are times 8““?{’;';%"‘. nhf&)' :gt:. ?,fi'/‘ 6 Vulcan Detin(A) i a a];-‘"‘;"m;‘r;fi’[ ‘;;fr';fl‘;d‘;f 014; e when the depreciation write-off is ab- | COnNRRCuba pf ] > b 3 g normally high for reasons best known | Consol Textrle.. 4% 4% 6'3:.?.‘:£;¢'A s s e N THE RIGGS NATIONAL BANK OF WASHINGTON, D. C. g ::n:z'l‘el: c::;, Tfi“’%fi"u.fii‘;?fifn’.‘,e‘;“{’: :}':: i Sév. Nat Le - 4 Waldorf (1%).. A building which will house the Wash- At the Close of Business October 19, 1927 % market rather than overvalued 4% Pekir(ao E Ward Baking B. ington executive quarters of the Aca- * " Take also the instance of a company Tdth Nat Ry box £d. 2 2| Warner sm:"z')' Cte T The Hbnde Do Jo chich * s . . arner-Quin( 5 cated in the Homer Building, is going . L & : ;n?'cin‘zgflzef:“::i?; °.!:§r:;:""x? 'i?:; gxt-‘,;';:{ ‘lm')'. 2‘;50% 2‘:3% Q::g:&x;!; l((a_”.' gar;_ln Bros (4) 5% | forward steadily. With other fea- FIVE CONVENIENT RESOURCES ! make a very bad income statement, so go:n lproas()mu gg&; Igm ) 10). Web .“51’.’.‘ on e ifi.a“;"'i1122“2.%°a«fn‘;?§l:“".-1§mfi' LOCATIONS : bad as to alarm its bondhold d | Coty Ine (6).... 5 Sl ot o o s i : ¢ n ! to cause a break in the market price, | CrucibleSteel (6) 86 861 | Novade G116k - AT ALY 2 i dibom L dtenoh 8 tor Main Office—Penna. Ave. Bonds for U. S. Deposits. ............ | and yet the balance sheet may show | Cuba Cane Sugar 6% 6% 6% [N O Tex & M (1) ol mEQCIRT NS . forth, Opp. U. S. Treasury B B SP 3 X § 1 West P Po (6). onds for U. S. Postal Savings Deposits.... 170,783.36 cash and cash items in excess of all | Cuba CaneSu pf. 31% 82 INYAIrBr (3).. West P Po pt (7 jisiilp, Meh Teanateyed. Di Circle Branch Bonds fi i 728, current liabilities. Bonds of compapies [ Cuba Company.. 22% 22% [N ¥ Cent 18)..., 3 West Maryland 0 1 B. Y. Martin, former assistant man- upent Circle Branch onds for Other Deposits................. 1,521,72833 in that position are often profitable , 82 82 |'N ¥ Central its,, West Pacific ager of the agreements and adjust- 1913 Mass. Ave. - Banking Houses and Furniture and Fixtures. 2,244,168, i A s o] O o 204 | NY CBStL (6).| West Pac pf ( ments division of the Merchant Fleet Park Road Branch Dl for i Bashs 5 i 168.40 danger of default, and if the .corpora-.|Gu 52 5% | NYC&StL vf(6) . West Union (8) Corporation at Washington, has been | SEVEE 1278,044.44 tion is able eventually to come back t Loans, Discounts and Investments... ., .o (54% B4% 52% 52%|Ny & Harlem(5) Westhse A B(2 5 appointed District trafic manager. at 14th and Park Road Cash and Reserves. . 3,728 the bond is sure to appreciate in price. | Cushman's (§4). 140 140 140 | NY NH & Hare,, Wit nente ) ok 45 | Baltimore, to succeed J. G. Tompkins, Northwest Branch ' i iand A word of warning should be added. | pavison Chem.. 39% 39% 38 38 |NYOnt& W (1).. Wheel & L F pf. who has been transferred to Washing- 18th and Columbia Rd Simply because one investor has dis- | Deere&Co pt (7). 117 117 117 117 |NY Steam pt (6) White Eagle (2) ton as manager of the European and th and Columbia Rd. $47,986,638.22 covered a borid bargain it does not-fol- |- Del & Fiud (9).. 196% 198% 196% 1981 | NY Stm pf A (7) White Mot (4).. 3 bt Mediterranean trades division. Seventh Street Brarch low that other investors will come to | Del.L, & W,(17),, 133 . 133 133 133 |Niag F pd (1%). White Rock (12) 3 i . 7th and Eye Sts. N.W. LIABILITIES lxgl;”ryl:: ‘::!f"v‘l‘zw 1mrlr\ediuhzl_t *-\g re| DRG Wat bé‘.. ggv. ‘;'Fw.“ 55% 55% r;;orl;olk South... White Sew Mach EET STEEL v ok Srayatin Capital tkely v ve a long wait an Dodge BrosCl A: Y 15 15% |'Norf & W (8)... Wickwire eft REDUCED. q v apital ... ven Seseesisvaeeen fortunate if he does not see the price | Dodge pf (7).... 63% 64% 63% 64| Norf& W pf (4). 86 86 ey b S M 'S}I ¢ BANKING DEPARTMENT 5“1: Bt Nob Paoais 20896561 $2,500,000.00 of his security go lower meanwhile.| Dome Mines (1). 10% 10% 10 10 |NorAmblo%stk 6L Willys 0d.pf (1) 3% 93 4|, NEW YORK, October 13 (M).—Quo- J| , SAVINGS DEPAR P! 7 & This counsel, it should be understood, | Dul SS & Atlan. 8% 3% 3% 3u | North Am pr (3) 53 * | Wilson Co pt A 2 tations on.black and galvanised steql FORBIGN DEPARTMBNT Reserved for Contingencies. - 151,880.36 is for investors, not speculators. .. | Dunhill Int (4). 60%. 603 .60% 60% | NorAm Ed pfi7) 104% Woolworth (5) oA B G T T R e 2 597 : —_———— Dupont (#316).," 337 339 834% 338% | North Pac (5)... 947 95% | Worthn Pump. .. 8 g2 |Iniand Steel Co., and blue annealed 311 TAEDECANTMENT . : 360,145 FEDERAL BONDS, | DuPont deb (6). 115 T15% 115~ 113% | Nor Paccfa(s).. 93 Wright Aero (1 a ton, all f.o.b. Indiana Harbor. Chi- SAFE DEPOSIT Reserved for Taxes, Interest and Deprecia- LAND BANK . Nt Tal'(3). | 64% t cago prices are $1 a ton above the In- DEPARTMENT . R s (Quted by Alex. Brown & Sons. Closing.) | Fastman (18) L0181 L) bttt Yale&Towne(4). dlana’ Harbor basis. No. 2 foundry — o tlom . oo ceeees 12274292 f”’"“"“fl-’i’i Akt Etssnlobr & Bro, P ow Truck. .. iron has been reduced $1 a ton in the Safe Deposit Boxes may Depos:ts THT ... 42,463,549.33 Omnibus. Yel Tr&Co pt D 9 ! s Mo El AutoLt (1614) 93% 94% Omnibus pE (8) . i M) KL lilcamo district to, SIS0, be rented for a nominal Agreements to repurchase U. S. Government ¥ i 410 | Electrie Boat... 15% 164 Opnhm Col (4).. . 6% able in common stovk. ¥ Plus 2/50 in charge at the Main Office, P Toed 114 00 | Eleo Power &Lt 27 274 204 | orpheum Cie (33 33| Hourly Sates on N. Y. Market, | 100 1 o P "ok ekl Dnoat. i elel Bratid: , Bonds Sold o £ .- 54020000 Iy z % t| e 3 N Elec P&LY pf (1) 105% 105% 105% 1057 10186004 Don wec cwi 'a shminch atockoapguie Northwest Branch and Park e R arey 0% 0w To o Dividend r'?ulu prges bl :f:n]'fio -{::f:. ’fl'fi'zm': 1 shativis r'\:-.m Road Branch. El Stge Bat ( % 0% tis Steel grs the annual cach oarments based on e BRI g R i 1B 30| Em-Brantgm(A) 3 3 3 3 0% et aunrterty OF nalf vearly eiacations " 'Blie 6% In *Blus 10 | €nd John (5)... T4 4% tlet Co (4) ... 68 70% Unl therwise no axira or 8l divie k Pavable 1/40 TIN aual ‘o7 ' Engineers Pub.8 374 384 Owens Bot (€15) 18, O o ss than 100 sharee. & 10 I oredete 07 WngnraTEP(T) 107 210 107 110 Daeise Gas (2. 42l 420 1 Partiy oxie. 3 Plus 4% 1o siocik, B Favs : i o & ..-..___....._.... FAREREE, FRERARREE basazasanss ettt ey = = S552: S22