Evening Star Newspaper, October 24, 1927, Page 10

FINANCTAL. Prompt Action First Mortgage Loans Lowes: Ratees of -‘nterest and Commission Thomas J. Fisher & Company, Inc. Offices Saul Building 9’5 15th St. N.W. rooms at Inspec- ral desirable sonakle rents, tien invited. BFE. Main 2100 SAUL CO. 925 15th St. N.W. MORTGAGE LOANS 5!1%—6% Anplieation fo promptiy act and Invests partme W. H.'WEST COMPANY ounded 1891 &9!6 15th St. Main 9900 Inane an first mor wpon by ur L Buck & Company BROKERS Established 1916 Stocks Bonds Grain Cotton or call for 1 mar- No BUCK AND COMPANY Evans Bldz. 1420 New York Ave, o | We will gladly reccive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-five Years —insures your protection. | | Percy H. Russell Co. 926 15th St. N.W. I | | We Buy and Sell Liberty Bonds Treasury Notes Etc. | Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Money Available for FIRST DEED OF TRUST LOANS 6 Reasonable Commission Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. 6% First Mortgage Notes Consult Us —for safe investment of your surplus funds. Look to the future by invest- ing NOW. We have spee snch secs Wm. H. Saunders Co., Inc. Founded 1887 1433 K St. N.W. Main 1016 | 7ed in the sale of ities for 40 years, | ceedings was the raily in U | which | nearly 5 | same among the hi | Central | the | Union | in_highly speculative | fining and others. | be relied upon I|! strong ana | week were well cared for today. | came within this category. | f ter | The dollar was quoted at LIST HAS RALLIES INTODAY'S TRADING | Dealings Lighter — Shares Creep Upward as Shorts Take in Their Contracts. | ' GEORGE T. HUGHFS. | Special Dispatch to The star NEW YORK, | stock market enjoyed a fairly | rally today. irr but | 24.—The | general | There was a good deal r\f] trading, | the gains far Transac- | rom the aggre- October gularity the forenoon in the altnumbered {tions fell off sharply of in afternoon the losses. ate the two preceding s Wlay as | shorts were ept upward in their stocks simply persuaded to take contracts Tape v featt lix up to m.‘| as it International {of the later de: | nighest for the present touched 68, Another w D isin st ey other the better tone in most investment rails was not a < the confi- and still an of the market easy to out. Stocks moved with mity, not mply as to is to stocks within the | About all that could be said was that the readjustment pro cess still was goinz on, invelving re- | which had not been | the we t 11 as short coveri had been under severe vessure. Al this traders in the dark as th mediate futu A striki Jaity out groups but same group actions \kness of :in the left the ones of the ir d the e pro- | that character »d simultaneously with kness in Youngstown Sheet \ & Tube. Steel did not get very far, the buving evidently coming most rely from previous sellers for the ine, but Youngstown went down points before meeting sup- port, a large loss for a stock of this | kind. Other independent steels were unaffected hy the sellin in Youn town. Crucible and Colorado F 1 Iron advanced while Bethlehem rule around the previous close. u. Steel's dividend m ting is scheduled for Tue Ay t which time th terly earnings statement will be out General Motors and General tric rallied along with United Steel. New York Central did h-grade rails. The in General Electric and in seemed to be more effective th: in the others. Yet the tion of none of these stocks was typical of others in this up. Atchison helow 184 was lower than at any time since the r tion b an Delaware Hudson likewise made a new low on movement, below 183 Chesa peake & Ohio was fairly stronz and Pacific did bette all seem- | ingly without much relation to earn-| inzs or prospects. It was simply a quostion of selling good stocks by traders anxious to protect positions ues. The only real consistency in the | market appeared in the oil shares. Practically all of these stocks moved upward, not alone such volatile issues as Hougton and General Asphalt, but stocks representative of the oil indus such as Marland. Pure Oil, Stand- Oil of California, Atlantic Re. If the tape is to better things are -at hand for the ofl producers. | The tobaccos and the sugars also | moved as units. The tobaccos were the s=ugars. were weak Specialties which had given evidence | of support during the selling of last In- ireene Cananea | ocenr acnte we quar- | iven Elec ates the huying ard ernational Paper and G NEW YORK MARKETS. 2W YORK, October 24 () steady; Spring ]r’nnnlx | Winter strai hard Win- | A(Ifl!l]fl . Rye steady; f.o.b. New export. Bar: New .20: fami Middle W eady: special Wheat futures v: malting, Pork firm; CANADA CEMENT FINANCING. NEW YORK, October nancing for the new Canada Co., Ltd., includes 320,000,000 of per cent first mortgage honds, which | :re being offered at 99. Offering of $ 100,000 of 615 per cent pr soon will he made. Tts common stock | ue is 600.000 shares. A. C. Tagge { will be president of the company. BUTTER IS LOWER. CHICAGO, Octoher 24 (£).—Butter lower; receipts, 6,584 tuhs; cre: standards. extra first sts, 402411y seconds, 36a | unchanged; receipt firsts, 34a40; ordinar: mery | PARIS, October 24 () heavy on the Bourse today. Three per cent rentes, 54 francs 60 centimes; | exchange on London, 124 francs centimes; 5 per cent loar Prices were franes 47 | centimes. I-‘EDERAL LAND BANK BONDS. (Quated by Alex. Brown & Sons. Clos Rate—Matur Ma Nov May Jan Jan Rid. Aske. - ) | | For over 54 years | this House has maintained a repu- | tation for safety of principal and satisfactory, dependable income for investments it offers. Smith First Mortgage Bonds Yield 6%2% Net and carry attractive Tax refund features. Denominations $1000. $500. $100. ‘They are protected by Safeguards that have been developed through our experience of over a half cen- tury in Investment Banking. fhe History of this House and com- olete information about the Bonds it offers may be had without obligation— Just ask for Booklet “1.51” “Jhe FH.SMITH Go. Jounded 1873 Smith Building—Washington @15-15th St., N.W. Main 6460) Branch Oficesin New York-Chicago-and ether Cities | By Special Leased Wi | . NEW YORK, GERMAN BONDS AND STOCKS. e 10 The Star. October 24 Bid. Asked t Red L with draw 100 R M an withoit 1000 RN million 5500 60.00 ted_in Gen Elen Ger Gen Ele 0 s b i, 3 | IS prewar. Kfort a-M ds pre-w \|’ inich 4s lAEG A¥ Comm LG, Di oilats 'ver siiare, 7 nd Privat B Farben onto Ge 00 | 'l 200 | 100 | a0 | 16.00 | 110 | | Darmstaedter Bank . Hevden Chem \ r Bank Vienna Ger Lloyd JOHNS MANVILLE. —Engineers of 1 hns-Manville Corporation have completed an application of the com- | | pany’s methods of oil conservation to the storage facilities of seve wth American oil companies op: in South American fields. The ture of the plan is in the insulation and sealing of storage tanks to reduce evaporation, one of the most serious causes of loss, | Asso Dry G (2%) | Chile Co ¢ THE EVENING STAR, WASHINGTON, D. €, MONDAY, OCTOBER 24, NEW YORK STOCK EXCHANGE Abitibl Pow (5). 137% Abr&Stras 7%pf 110's Abrahmé&Straus 104 Adams Exp (6). i3 Adv Rumley.... Adv Rumley pt. Ahumada Lead.. Alr Reductn(t7) 1 Afax Rubber.... Albany Papri2). Albny Pap pf (1) Allied Chem (6) Allied Cm pf (7) Alils Chaim (6). | Amal Leather Amerada (2). Am Agricul Am Bank N ( Am Bk N pf (3 A Beet Sug pf. Am Bosch...... Am BrSh (j1.60) Am Brown Bov. Am Can (2)., Am Car&Fdy (6 Am Chain pr (7) Am Chicle (3) AmCh Am Drug (30¢). Am & For Pow Am& Ko Po pt (7 Am Hide & L pf. Am Ho P (240). American Ice(2) Am fce pf (6) Am Internati(2) { Am La France Am Linseed. Am Linseed pf.. Am Locomot (8) Am Loco pfi7).. Am Machine (2) Am Metats (3 Am Prano (3)... Am Piano pf (7) Am Po & Lt (11) Am 1 Satety R($ Am Shipbldg (8) Am Ship & Com. | Am Smelting (%) Am Snuft pt (6). | Am St Fdys 3). Am Sugs | Am Sugar pf (1) m | Am Sumatra.... Am Tel & Tel (9 l Am Tobacco (8). AmTobaccoB(8) Am W W (m8oc) Am Woolen. . 156 610 | Am Woolen pf. Am Writ Pa ctfs | Am Wr Pa ptcfs Am Zinc | Am Zinc pt Auaconda (3). | Armourofiil(A) | Armour of111(B) | Armour 111 pf(7) Arnold Con&Co. . : 4614 Atchison (110).. 18d4% | Atchison pf (5). AUCL (18%%) At Guif & W1, Atl Gulf& W1 pf. Atl Refining (4). Atlan Ref pt Atlas Tack. Austin-Nich pf.. | Autostrap A (3) Baldwin L (7). Balto & O (6). Bambgr pf(612). | Bang & Ar (313) Bang & Ar pf(7) Bk Comerce 118. Barnsdl A(b213) Barnsdl B(b213) Bayuk Cigars... Beech-Nut (13). Belding Bros (z) Best & Co (3)... Bethlehem Steel Beth Stl pt (7). Bon AmiCl A (4) Booth Fisheries. Booth Fish 1st.. Botany C MilisA Briggs Mfg Co.. Bkln-Edison (8) Bklyn-Man (4).. BKkIn-Man pf(6). Bkiyn Un Gas(5) Brown Shoe (2). Brunswick B (3) Brunswick Ter. . Buff Roch&P (4) Buff&Susa pt (4) Burns Bros (B). Burns pr pf (7). Burros Add (14) | Bush Term (b8). Bush Ter de (7). Bush Trm pt (7) Butte Cop (50¢). Butte&Super Butterick (g2).. Byer & Co. . | By-Products (2). Calif Packg (4). Calit Petm (1) Callahan Zine. | Calumet & Ar (6) Caiu & Hecla (2) Can Dry (18%). Can Pacific (10). CaseThreshg(6) Cent Alloy (2).. Cen Ry NJ (112) Cerro dePas (15) Certain-Teed (4) Certo Corpn 13% Chand-Cleve. ... Chandler pt(2l) Chase Nat B(15) Chat-Ph BK(16). Ches & VhIO (10) € & U Corpn (3), | Chi& Alton. Chi & Alton pt. Chi & East 11l pf ChiGreat West. | ChiGt West pt.. Chi Mil & StP.. Chi Mi) & StP pt CM&StPefs.. C M&SLP pf cfee | Chi & Nwn (4).. Cht Pne Tool (6 | Ch1 Rock 1s (5). | Cht Yeltow Cc4), | Childs (32.40).. 18). Christ B (1.20). Chrysler Cor (3) Chrysler pfa(s). | Cluett Peab (5). Coca-Cola (5)... Collins & Atk(4) Collins&A pt (1) Col Fuel & Lron. | Col & Southn (3) Col Gas & Kl (5). | Col Curbon (1).. om Cred (1)... Com Cr pf B (2). Com Inv (3.60).. Com In Tr pf 614 Com Ln T pr(7). Com Solvents(8) Com Powr (2%). Congoleum-Nair Cong Cgrs(t414) Con Cigars (7) Consol Distribu | Consol Gas (6).. ConsolGas pf(5) ConRRCuba pt & Consol Textlle. . Cont Bakg A (4) Cout Baking B.. Cont Bak pt (8). ContCan (5)..v0 Cont Insur (6) Cont Mont (80e) Corn FxBnk(20) Corn P'rod (14). Coty Inc (5).... CrucibleSteel (6) Suba Cane Sugar Cuba Cane Su pf. Cuban Am 8 (1). Cudahy Pkg (4). Cushman’s (§4). Cuyamel Fruit.. Davison Chem Deere&Co pf (7). Del & ud (9).. Del L & W (17). |DRG Wstpt, Det & Mackinac. Devoe & R(2.40) Diamd Mteh(8). Dodge Bros Cl A Dodge pt (7).... ' | Dome Mines (1). Dunhill Int (4).. Dupont (19%).. Eastman (18).., Eaton Axle (2).. Oven. Received by Private Wire Direct to The Star Office. High. Low. Close. 137% 13415 136 110% lIO'; 110'% 108 147‘- Oven. High. Low. Close. 12% 12k 124 12 907 907 90 90% 1 16% 16 164 26% 25% 106 105% 10 9% 70% 9 a1 Elsenlohr & Bro. El AutoLt (16%) Electric Boat. .. Elec Power & Lt Elec P&Lt pf (1) Elec Refrigeratn EI Stge Bat (16) Elk Horn....... Em-Brantgm(A) End John (5).... | Endlcott pf(7) | Engineers Pub S Engnrs PS pf(7) Equit Bldg (7)., EquitableTr(12) ErleRR.... Erle 1st pf. rie 2d pf... e & Pitts rie Stm S ( NY & Harlem(5) NY NH & Hart.. NY NH&H pf(7) NY Ont& W (1). NY Stm pf A (1) Niag Lock pf. Norfolk South Norf & W (8). NorAm b10%stk North Pac (5)... Nor Pac cfs(5).. Norwalk Tire. .. Norwalk Tire pf. Oll Well Sup.... Opnhm Col (4). . Orpheum Cir (2) Otis Elevator (6) Otls Elev pf (6). Otis Steel....... Otis Stl prior(7). Outlet Co (4). Owens Bot (C Owens B pf (7 Pac Ol Stubs. .. Pac Tel & Tel (7) Packard (12.90). Paige Motor. . 25% 106 9% 694 874 A 2% 124 36% 10613 8519 393 6319 60% 59 66 32 36% 10615 87 393 6419 61 59 Eureka Va f141% Fairhanks (3). Fed Ligt(h1.40). Fed L&T pf (6) Fed Min pt Ked MotT(fs0¢). Fid Phoenix(4). o Fifth Ave (64c). 2 2| First NatS(1%). 2 Fisk Rubber. Risk 1st pf (7). leischmann (3) Foundation (5).. Fox I'llm A (4). Freept-Tex T4% Gabrlel Sn ($34) Gardner Motor. . Gen Am Tnk(4). Gen ATC pt (7). Gen Asphalt. Gen Cigars (4) | Gen Elee (15)... © 8p(8ue) an-Am Pet (4). n-AmbPetB4) Pan-Am West B, nh rmt-Fam (§8) Park & Tilford. ., Park Utah (80c). Pathe I3X A (4) Patino (a2.10).. Peerless Motor, Penlck & Ford. . PennDix Cmt(2) Penna R R (33) Peoples Gas (8). Peoples Gas rts. Pere Marq (18) Pere M prior (5). Phila Co (k4)... PhilaCof % pt (3) Philag& RC1... Philip Morris. i Philip Morris rts Gin R5iSiE (B): hillis-Jon (4).. 108 205) 10508 g en Refrac (3). Phillips Pet (3). 3ta 105% v 215) ¢ 9% 4815 Phoenix Hosiery M"‘,; 1585 160% { Gimbel Bros. 2| Phoenix pf (7 108" 102 104 | Gimbl Br pt (7). | Plerce-Arrow... 467 46 461 | Glidden Co. ko 207 80 805 | Gold Dust (3). Plerce Petrolm. 1085 1085 10815 Goodrich Ru (4). Pilisbury (1.60). o Goodyear Tire. . Pitts Coal. . “ad Goodyear 1st pf. PittsTerm Coal Pitts Ter pf (6). Gothm S H (21) E Gotham H pt (7) Pitts &W Va(8). Postum (5). Granby Con Min. { Grt North pt (5) Pressed St Car Gt Nor pf cfs(5) Prod & Refinef Grt Nor O (1%) Producers&R pf. Grt Wes S Pub Serv NJ (2) Pullmn Corp(4). Green Canan. | Punta Aleg Sug. Pure Oil (12)... Pure Oil pf (8).. Purity BakA(3). Purity Bak B (2) | PurityBak pf(7) Radlo Corpof A. S L Cefs (4). teading (15)... Reading 1st (2). Reading 2d (2). Rteal Silk Hos... Reid 1ce Crm(3). Rem-Rand 11,60, Iem-Rd1st (7)., Rep Ir & 5tl (4). Rep1&S pt (7). | Reynolids Spngs. Rey Tobac B (5) Rossia Ins (6).. Rossia Jns Co rta { Royal Da3.13%. Mot pf (7) ‘“ _,«.umumx Adz) GuM Gult States Stes) Hanna 1st p! Hartman A Helme Geo (4). | Hoe & Co A Hollander & Housh!d P (313) Houston Oil.... | Howe Sound (4). Hud Man (2%). Hud Man pf (3). Hudson Mot (5) Hupp Mot(1.40). Illinots Cen (7). 111 Cent pf (6). Indep O1l (1) Indian Mot (1%) Indian Refining. Indian Retg ctfs Inland St (2 Inspiratio InterboroRapTr Intcontl Rub(1). { Int Bus Ma (4) | Int Cement (4) Int Cement.pf(7 Int Com Eng Int Harv (j6) IntMtch pf(3. Int Mer Mar pf. 1 Int Nickel (2).. Intl Paper (2.40) Int Paper pf (7) Int Ry CA pf(5). Intl Silver... Int Tel & Tel (6) i Intertype(tiig). Island Creek (1) Jewel Tea . Jones Bros Tea. Jones & Lau (7). Jordan Motor. . Kan City South., an C So pt (4). erd (4)..., Kelly-Spring. | Kelly Tire 8% p! Kennecott C ( KraftCh (11} Kresge B Kresge SS pf(8) Kress S H (h1). Laclede G pf (5) Lago O11 (75e).. Lambert Co (5). Lee Tire & Rub. LehighVal(3%). Lehn & Fink (1) Life Sav (1.60).. 21 Lig & Myrs(f14) 121 ! Lis&MyrsB (f4) | | Liq Carb (3.60). Safety Cable (4) St Jos Lead (13) StL & San F18). | St L Southwest, | Savage Arms. Schuite (31) Schulte pf (8). Seabd Air Line. . Seagrave (el.20) Sears-R (n2%). Shattuck F G (2) uber The (5). Simmons (2). Simmons pf Simms Pete. Sinclair O1l Skelly Oil (2) Sloss-Shf pt (7). Snider Packg Co. So Por Ric S(f2) South Calif Ed.. South Dairies A. 1 Sou Daries B South Pac (6) Southern Ry (1) Spaulding pf (7) Spicer Mrg. . SldG&E (3%). Std Millg pf (6). StdOfICal (128 ). td OILNJ 11 Std OHNY (1.60) Sterling Pro(16) Stewart-War (6) Strom Car (2)... Studebaker (5).. Submarine Boat. Sun Ol (1 1) Superior Oil Sweets of Amer, { Telautogra (60e) Tenn Copper (1) Texas Corpn (3) | Tex Gulf Sul (4) 5212 | Tex & Pacific. ... | Tex PC&O(50C). Tex Land Trst n | Thatcher Mfg... | Thatenrp?(3.60)" The Fair (2.40). | Third Avenue. .. Tidewatr As Oil. ! Tidewatr 0l 80¢ Tide W Ol pt (5) Timken (15).... Tobac Prod (7).. Tobac Prod A (7) Transcont Oil... Wil(1.60) W ist (7) Lorillard Co Louistana 011 La Ol pf (6 LouisGasA (1 | Louis & Nash(7) McCrory (1.60). MeCrory B (1.60) McCrory pf (6). Mack Truck (6) ack T Ist (7). A ay f (4).. Mad Sp Gar (1). Magma Cop (3). Mallison & Co. .. \lanmm pt (1) 80 1091 1003 1111, 10813 1017% 1111, BV, 1091 99 Underwood (4). Un Bag &Paper. Unton Carb Union Ol (1215) Union Pac (10). Un Pacific pf(4). Union Tank (5). UtdCerSt(C8ue) United Drug (9) | Utd Drg 1st (3% Ctd Dyew pf (7) d Fruit(t5i%). 1S CIP&F (10) S Distributing S Dist pf ne7). S Hoffman (4) U S Alcohol (5). US Leather w 1. US Leather A US Leatprpfi7) + | US Realty (4)., U S Rubber..... US Rub Ist (8). U S Smelt (3%), U S Steel (7). U S Steel pf (7). Univ Pipe(t214) Utl P&LL A (e2) { Vanadium (t4). { Van Raalte.. | Victor Tik Mch. . Victor cv pf (6). Va-Caro Chem. . { Va-Car Ch pt (1) Vivadou (3). Vuican Detin, « | Manae) (215) Sup (5 Img lda) nilla B (215). acaibo Ol '\larhflll Oil. ) Mathieson (4). Mathleson pf (7) May Dept S (4), Maytag (12%).. MetroG pf (1.89) Mexican Seab Miami Cop (1), Mid-Continent. Middle States 11 BBy | 909, | 1| 225 Midland pt (112) Miller Rub (2)., Minn & St Louis. Min St P & SSM, Mo Kan & Tex. . Mo K & T pf (6). Missouri Pacifie. Missour Pac pf. Montana Pow (5) i Montgmry W (4). Moon Motor. Mors& Esk Mother L (50¢). Motor Met (3.60) Motor Whi (2). Mullins Body Munsingwr (3) Murray Corpn. Nash Motor(15). NatBHess pf(7)., at Biscult(17). Nat Cash R (A)3 Nat City Bk (20) Natl Dairy (3).. Nat Distiilers. .. Nat Enamel & S. Nat Lead (5). Nat Lead pfA Nat Park BK(24) at PwéLt (80c) at Ry Mex 1st, Mex zd.. Supply (4). 25 159 1608 1401 397 4415 419 1051 541y 105% H41y 10015 21 103 Ward Baking B. rner Pic A... Warren Bros (4) WarF&Pipe Cor. Web & Heil W Penn El W Penn El pt ('l) West P Po (6)... West P Po pf(7). West Maryland. West Md 2d pf. West Pacific West Pac pf (6). West Unlon (8). Westhse A B(2) Westinghse (4). Westhse 1st (4). Weston Electric. White Eagle (2) White Mot (4) White Rock (2). White Sew Mach White SM pf(4). Wickwire cft... Willys-Overland ‘Wilson & Co. ‘Wilson Co pf A.. 157 157% 140% 1401 395 39y 156% 157 5% % 125 126 65 5% Nevada C(1%). O Tex & M (1) Y Air Br (3).. 310, N Y Cent (8).... 156% 312 N Y Central 5% 157 NY C&StL (6)..; 125% 224 NY Dock... 554 564, Shell Un (1.40).. Open. 169% 110% 14 4% 199% 17 91 High, 13019 9613 21 Woolworth (6) s HSK 176% l'lS'/A Low.Close. 169' 534 53U 110% 110% 36% 36% 110 110 114 114 44'% 46 18313 184' 56 57% 378 94% 92% 2% 35 321 1M 24 136 4 119% 2 67 4% 9% 116 1% 2 1504 45 10% 47 183 1074 60 913 108 69 82'a 106% 4218 1064 42 45 2214 64l 537 11108 17% 16 6% 10413 1 6% W + | the 7 91 46% Tt 463 2'7 10213 % 22 174% | o.b 1927. BUSINESS 0UTLOD HERE 1S FAVORABLE George 0. Walson Believes Capital Conditions Are Much Same as Last Spring. BY EDWARD C. STONE. Business conditions in the National were last Spring. in the opinion of | George O. Walson, president of the| Capital are much the same as they| 31 Liberty National Bank. He also be- lieves that the business outlook for | the coming Winter is, on the whole favorable. 1In reply to an inquir from the American Bankers' As: tion, now in session at | on Mr. Walson sent the following tement regarding conditions Conditions in Washingto! about the same as in the Building conditions have heen materi {ally curtailed, although governmental work now in progress and more in prospect takes care of the labor sit uation to some extent p th ness does not feel the effect “Mercantile business is good. stallment business is reported as being maintained at the level of the past s. Money is e cheapening outside corporatio Washington to place their funds. enerally speaking, the outlook the Winter is favorable.” Satisfactory. wlor of ia- Tex., brief here are on account of coming _ into | for Calls Business President M. A. Ameri Bankers’ Association sente his views of busines |tions to the convention today. O the whole busine satisfactory this year This is tru even thoygh the upward trend the last two years has not continnerd In some important lines of industry recessions have taken place and profits generally have been lower even where the volume of business has not clined. It is a fortunate fact th uch recession as has developed has affected lines best prepared to sustain it by a prolonged period of prosper- ity, namely industry and commerce rather than riculture. “Money continued there is no evidence that this change in the immediate future. ample supply of investible funds du |in part, at least, to a sl ning Nasiness activity coupled with a_de cline of commadity prices has resuited in a marked rise in the prices of | stocks and bonds.” Credit Ease Favorable Factor. W. R. Morehouse, president of the | Ssavings Bank Division of the A. B. A., who presided the vings confer- ence here last Spring, said today at Houston: “‘Credit ease and the improved po sition of the farmer are favorable fac- tors that are likely to e crease in general business act 3 < on adve and will sustain the gr tional prosperity prevailing for John ¥ Downing, pr ing house section of Louis d bably for the first time sinc igriculture is catching step with industry. If this pace can be main- tained 1 see no reason why business cannot continue to go forward Robert E. Maddox of Altanta said ““The general business outlook in the southeast ig very encour ng. While our industrial growth has been rapid, cotton still plays an important part in our commercial activities and al- though the erop is much smaller than t year the prevailing price more n offsets the reduction and the South will receive more for this yvea The boll weevil deed, proved a hlessing in disguise in | for the farmer to diversify his crop: $29,000,000 Land Bank Offering. Publie offering is being made today of a new fssus of $29,000,000 10-30 vear Federal Land Bank 4 per cent honds at a price of 100 per cent and interest to yield 4 per cent. The honds are being offered to the public by a country-wide group. com- posed of the 12 Federal Land Banks, investment house: institutions and upward of 1,000 dealers. The banking | group is headed by Alex. Brown & | Sons of Baltimore, and is composed of Harris, Forbes & Co., Brown Brothers & Co., Lee, Higginson & Co. and the Co. of New York. Bank Files Answer to Suit. The International Bank filed Tanswer to a suit instituted by Win- field Preston for a restraining order to prevent foreclosure of approxi- mately $60.000 of mortgage notes given to the hank as security for loans. "hrough Attorneys Douglas, Obear & Douglas, the bank denies all the al- legations in the plaintifi's bill. Financial District. v L. P. McLachlen has sent out notices stating t a meeting of the epuncil of adminis tration of the District Bankers ciation will be held next Friday erncon at 4 o'clock at bankers quarter: | The National City nounced an offering Continental 0il Co. cent gold debentures, priced at 99 and interest. to yield 3% per cent. George E. Fleming. one of the vice presidents of the Union Trust Co who is also the bank's trust officer, has returned from a five-week vaca- tion. He spent much of the time motoring through the White Moun- s of New England. the pre. condi He said = has heen ha easy and will s: Heard Secretar Co. today an- of $12,000,000 10-year 51 per will have been banking just 40 | 10 next. For | loeated in New Jo Wilham Hibbs & veek iltimore, H. T. Bisselle of the Rigss Bank, who is always captur prizes, has just won a $10 pri ! the for Taste. Capital Traction Leads Market. Capital Traction was the nrar leader on the Washington Stock | change as the week's trading opened. The stock sold at 108, off one-half point from Saturday's close, the day’s transactions reaching 126 shares. tailway & Electric prefer moved at par, 110 shaves c | bands. Columbia Sand & Gravel opened at 1021 and closed at 102, Washihgton € wpened at 813 and sed at 8§11, Ten shares of Lanston ame out at 108 and 10 more at 1081, en shares of Potomae Electrie 513 | per cent preferred sold at 1061 Ame < v & Trust stock was unchanged at 461 There were but two bond sales, Railway & Elee- trie 4s opening at $87 and closing ) 3 vember muny years he was York. Harrington of W. as returned from ational | g essay e trom | his essay on anging | Worthn Pump. . Worth Pump (B) Wright Aero (1) Wrigley (1314). Yellow Truck. 2 Youngstn S&T 80ta Hourly Sales on N. Y. \hrkel 1lam... 574200 12 m. 1pm.. 1.405.000 2p Dividend rates as ziven in tha ahove tanie are the annual cash nayments based on the Iatest quarterly or half vearly declarations inless otherwiss noted sxtra or soscial Jivl dends are not included *Onit’ of teading less than 100 shares Iv extra 1 Pius $% 10 <to in "common sigek - 'Y Blis Hock "™ a e thie vear—no. recul fen ver et in- common % muacterly "o Blus & anle” when camed 4 Pavan plentiful and | vice president of | Spring. | t busi- | In- | | | ! | \ An | in | regular | stock. f Plus 10% n stock. @ Plus 1/50 ars in stock b Plus $1 a ahare in gnecial L Blue 0% lllhmmt .h Pln;u s r are auarterl stock- H 5].;\ 5 aiber’ ™" &rlm '3 FINANCIA ‘WOOL PRICES FIRM. SILVER QUOTATIONS. BOSTON, October 24 (Special).—The | NEW_YORK, October 4 (f).—p Boston wool market started the week | silver, 5614 per ounce. Mexican doy with dealers holding prices firmly, and | lars. 4274 with more of a disposition evident to quote fleeces a cent above previous price levels. Low-grade fleeces are in best inquiry. Fine Ohio grade flece were quoted today at 4f : basis: half blood at 46 three- | cighths blood at 46a47. and quarter blood at 47a48. Fine territory w auoted at 1.12a1.15, clean French combing at 1.0 f blood at 1.02a1.05, three eighths hload at 92a95, and quarter blood at s2as FOREIGN TRADE GAINS NEW YORK, October 24 (). gentine foreign uade for the fi eight months of 1327 amounted $1,250.000,000 (gold pesos) a 00,000 for eight months ear. There was a favorable hal of $£187.000,000 compared with a f vorable balance of about £3,000,000 | vear ago. Volume and price of | ports ‘this year incrensed greatly 4 Ceo. H. Price Co., Inc. | = and Insuranece, 815 lmh St. Main 4793 |» Woodward Building Washington. D. C. Main 2000 ¥ | did exports. The Sun Life Insurance Company of America Will Finance MORTGAGES ON RESIDENTIAL PROPERTY (In D. C. and Immediate Suburbs in Montgomery County) Without Commission or Bonus At 5% lnferest. Under our plan Life In s required to be taken granted. The net cost event of death the insuran of 1ce | Leave Your Family a. Home—Not a Mortgage YOUNG & SIMON Authorities on Insurance FREUDBERG, Ma Life . Woodward Buildi POLD 3rd Floo azer —Te! General Agents f; SUN LIFE INSURANCE COMPANY OF AMERICA Incorporated 1800 Deot. eats and acts 1) HE daring and skill of acrobat Blon- din led him not only to walk a tight- rope across Niagara Falls, but to startle the world even more, by riding a bicycle, with tires removed, across the chasm on the same rope where the slight- est slip would have meant instant death— This foolhardy feat exhibited a balance and steadiness which astounded the world. The balance and steadiness of Swartzell, Rheem & Hensey Co. is a fact which in- vestors have taken into consideration in purchasing First Mortgage investments through this house. As regular as clock- work the interest checks come on the day due year in and year out, their principal is available at stated perieds and a peace of mind is ever present during the period of investment. This fact is a feat you should consider in making your next investment. Swartizell Rheem & Hensey Co, Mort§age Bankers T2715th. Street, V., Washinglor.DC. Fifty-Eight Years Without Loss To An Investor INSURE Your Investment! Payment of principal and interest of Insured Mortgage Bonds are unconditionally guaran- teed by the Equitable \urct\ Company of New York with resources over $2,000,000—under the supervision of the New York State Insurance Department. Insured Mortgage Bonds are originally secured by trusts on owner-occupied homes in the Dis- trict and environs. This issue of Bonds is a direct obligation of the Federal Security and Mortgage with capital and surplus of $750,000, Maturities 2 to 10 v and $1,000. Deferred ranged. ons $300 readily ar- Denomin Payments ars [nsured Mortgage Bonds assure a maximum vield with the element of risk entirely eliminated by carefully arranged insurance features. INTEREST 6 ]/2 % I’l\l’l\]( T NATION \! Trustee Und l\\k Capital and Surplas Over $750,000 1412 K Street N.W. TEAR OFF—MAIL NOW T Federal Secuthty & Mortgage Con | 1112 K St [ | urther intermation regardng the Sevies Insured Mortgage Bon