Evening Star Newspaper, October 25, 1927, Page 11

TUESDAY, OCTOBER 1927. FINANCIAL. PROFIT DECLINES. Money to Loan NEW YORK, October 25 (). —Profit | secured by first ey o of Texas Pacific Coal & Ol for mine | .. Presmiime istaaet and ooy K Wi months of 1927 dropped to $1,863,553 | Joseph I. W 20 trom $2,973.739 a vear ago, 63§ P! eller 57,,° 25, NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office - FIRGENLIT 45 FINANCIAL. THE KEVENING STAR, WASHINGTON, D. C. [ e BONDS o] B{11S CONFDENCE INCREASES ON CURB \‘N“i? 3‘.’"' U SSteel st 5s.... e ! Closs. | Utah Pow & Lt 58, 0il Shares Participate in To- day’s Recovery—Utilities Again Taken Up. s 00 ¢ Sales. High. Low. Close. 17 109 108% 6 100% 100% 2100 100 1 88 3 112 31 103% 1 102% 3 101% or A 1 106 S&T 6 26 1054 RAILROAD. Atchison adj ¢s. Atchison gen s Atlantic C L cl 4s AtlantioCL 1st4s, 17 98 AtlanCL4%s64.. 8 Atl & Dan 2d 4s 48, Sales In bund EPY - IN'BOND MARKET - INDUSTRIALS, Lib 3ge 31 A01 14 101 14 | Vertlentes Sug 7s. d. Lib st ans @ 104 1089 \warner Sug 7 w 001 100 10 24 100 8 atinie Wa et 1827 WL We2 1082 141 142 FOREIGN. Saies. High, Low, Close @ 99l 80 9y 10 9% 99 9 10100t 100% 10044 9 9 The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the District ot Colun.bia and Nearby Suburbs in Montgomery County, Md, for 3, 5 or 10 year terms on your SV, cur, Apply RANDALL H. I'IMAGNEfiR & CoMPANY coipoTate MORTGAGE LoAN CoRr ESPONDENT 1321 Connecticut Ave. Telephone Main 9700 ‘Pressure .Greatest Against . German Issues—Seaboard Obligations Sold. i Youngstn B Sol & Cp'p ) & G iy B Superpow m Superp_pr_pf > 50 Gas C il Argentine & Ju 89, | Argentine da Ootdd L Argentiness AL ... | Argentine 8s B, | Austratia 5s 1933, The | Australia 33 1937.. nan issues con. | Auairia Hank of O Belgium 6: sene The effect | Belgium 8345, .. uburn Ato Babeock “& W Bancitaly * C BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star, NEW YORK, October 25.—Buying operations in the cub market today were more fmpressive than the demand which accounted for the rally at the outset of the week. Nevertheless it was reasonable to assume thut the oL covering in of short contracts was ulowd Co'n'ni & still responsible for part of the im. RGO Latiphis provement. At the same time the X Conlis opinion was growing that the reaction e & B had been sharp enough to warrant the D AN BY CHARLES F. SPEARE. © Bpecial Dispatch to The St § NEW YORK, Oct Ppressure against Ge tinued today, making (hem the fea- | ture of the hond market. | J t i i M 97 105 o e Apartment ber °3 o 1081 ;A'f.vkufix 05 ) e 9% 1084% Home 9 50 o some of the lBagvam 2 ‘l‘;”““j", e, | Belgium t of the n 1 several mo: est in the 92% | Buf R & Pitt 4348 iub Alum . § States Steel Wi . Jisted and unlisted, followed the de- !} ‘eline of s in German government } “peczed” at 961z ial and public utility Berlin Electric 6% iske, 6 6135, Rhine-West- phalia 6s and Electric Power of Ger- many 6;s. . These were off from 13 to a full point for the day, following Monday’s sharp declines in them. The German ¢ State bonds, both bond: Siemen At one time the old State of Prus sia 6128 were within 13 a point of the new Prussian 6s, which are still Belgian, Scandinavian, wd Ttaliin issues were mod- affected by the break in Ger- It will.be difficult to bring out Ny success new issues of Ger- securities until the market for recovers its poise. g today o additional 50,000,000 of new bonds, of which a rge percentage were for industrial and public utility financing, gives a promise of another week of heavy offerings for the market to absorb. The low renewal rate today and the improvement in the stock market helped to stiffen the general list of industrial and railroad issues. There were some exceptions in the sugar group which showed no signs of rally, but there was a better tone to auto- bile, rubber and tire and oil issuet 1 tractions were quiet but steady. The sudden death of the president of the Seaboard Air Line Railway caused a moderate amount of selling of bonds of this road, although con- sidering the loss that has occurred the securities of the Seaboard acted Erie, Chicago & Eastern estern Maryland, Florida “oast, New Haven and Mis- Pacific junior bonds were Fren Polish erately Bremen, State. | Buenos Aires 78 57. Buenos Aires 7s 58. Canada 581931 Canada 5s 1952 Chile 83 1946.... Con Pow Japan 7s. Copenhagen §s ct. . Copenhagen 5. Czecho s rets. ., Czecho 8s Czecho 8s52. ...... Danish Munic §s A. DE15%s Mch 5. Dutch East 1 6s 47, Dutch East ] 6s 62, El Salvador 8s 48 Finland s £ 6s ¢5. Finland 7s. French 7s. German EI P 6 German 7s. . Ger Am Bank Italy Pub Japanese 4s. Japanese 6%s. Marseille 6s..,.... Mexico 4s 04 asntd. Mexico 4s 10 asntd. Mexico5s asntd. Milan 63s.. Montevideo 78..... Netherlands 6s 54. Netherlands 6s 72. Nord 6%s. little change in the and a slight decline . S. Governments. et | NEW YORK, October 25 (Special).— Public offering is being made today of a new issue of $20,000,000 Canada Cement Co., Ltd., first mortgage sink- ing fund gold bonds, 515 per cent, serfes “A,” maturing November 1, 1947, and priced at 99, to yield about 5.58 per cent, by Wood, Gundy Guar- anty Co. of New York, Halsey, Stuart & Co., A. Iselin & Co. and the Royal Bank of Canada. A new issue of $10,000,000 American Natural Gas Corporation 6% per cent sinkine fund gold debentures, with stock ;.urchase privilege, due October 1, 1942, is being marketed today by G. L. Ohrstrom & Co., at 991, to yleld over 6.55 per cent. Greenbaum Sons Securities Corpora- |- tion and Ames, Emrich & Co., lnc., offer today a new issue of $3,000,000 of the Barbizon, a club residence for women, at Lexington avenue .and Sixty-third street, New York City, first | Am Agri Chem 7%# 23 104% (closed) mortgage 6. per cent serial 40 gold loan. The bonds mature serially | Am Smit & R 1st 68 1! 102% and are priced to yield trom 5.30 to 6 per cent. An issue of $1,000,000 Jersey Mort- gage & Tile Guaranty Co. collateral trust 514 per cent gold bonds, series Norway 5% Norway 6s Norway Norway Orient Dev deb Rio de Jan 8s 19 Riode Jan 8s 47 Rio Gr Do Sul 8 Rome 6%s. Sao Paulo Sao Paulo 1950 Saxon (PW) Seine 7s 42. Serbs Crot 8 Soissons 6s. Sweden 5% Sweden 6s..... Swiss 5%s 1946 Swiss Confed 8s... Toho Elec Pow 7s. Utd Kingm 83%s 29 Utd Kingm 5148 37 Utd Steam Copen 6 Uruguay 88......0 Yokohama 6s wi.. 96% 106% 1024 11 19 2 10 10 2 24 24% 99% B R P T T T 06 115% 106 104% 106 1% 105% 105% 00% 1004 103% 102% 100% 100% 96% 96% 104% 104% 104% 104 108% 103% 113% 113 98% 98% 118 117T% 7 108% 106 4 95 94y 2 108% 108% 15 94% 94 108% 100% 102% 100 Ed pa m ™ praBeh2ese Ba - - 1 04 104% 103% 113% 98% 118 108 - 1) MISCELLANEOUS. Am Repub deb s Am Smlt& R Am Sugar ref AmT&Tel trds, AmT& Tcltrbs Am T & T sf 6s. AmT&Tdeb5%s. 104. 104 101 102% 108% 108 101 9 108% 58 108% of 1932, and series of 1937, is being | Am Water Wks 6s. 13 100% offered today by Stone & Webster & | Am Writing Pap 6s 36 93 Blodget at par. SUGAR MARKET FIRM. Futures Irregular in Light Trad- ing—Refined Unchanged. NEW YORK, October 25 (#).—There was no change in the raw sugar mar- ket early today, but the undertone was firm, and there were buyers at + the last who paid prices of 4.71 for ¥ Cuban, duty paid, with holders asking i | | selling. | changed to 10 points lower, | prices ranging from 5.70 to 5.90 for . reported at the inside level. | ee ' An North Gern . Commerz and Privat Bank. ' #ign exchanges easy. fractionally higher. No sales were reported. Raw sugar futures were irregular, but trading was not active, and prices fluctuated within narrow bounds. Near montks were steadier on cover- ing and trade buying, probably pro- moted by the steady spot. market, while the later deliveries were a shade lower under liquidation and hedge Prices at midday were 2 points higher to 2 net lower. The refined sugar market was un. selling fine granulated. A fair inquiry was GERMAN BONDS AND STOCKS. By Special Leased Wire to The Star, NEW YORK, October 25.— Bid. Ger Gt Red Loan with draw ctis att per 100 R M 52.50 r Gt Red Loan wit Asked. 60.00 draw ctis per 1.000 R M. 2800 30.00 \Quoted In doliars per million marks.) Hamburz 4358 1919, . . 4500 ol & &% pre-war Line 435s.. n Lloyd 4%s. . Krupp 58 1921........... Dusseldori 4s pre-war : Frankfort a-M 4s pre-war. . Munich 48 1 % (Qu Aoilars A E G (Ger Ge Elec)..... A E G (Ger Ge Elec) pfd B LG, ¥arben isconto Gel Beritner. Hangels resdner Bank . utsche Bank armstaedter Ban FOREIGN EXCHANGE. tations furnished by \W. B, Hibbs & Co.) K motast Nomnal Selling checks ivalue. - today 55 $4.804 o, crown : glockholm. crown =2 . NEW YORK, October 25 (#).—For- Quotations (in Great Britain, demand, 486 9-16; 436 15-16; 60-day bills on banks, Anaconda 1st 6 Anaconda cv db Andes Cop 7s rets. Armour Del 6% Atlantie Refin 5 Barnsdall 6s 1940.. Bell Tel Pa b8 Bon Beth Steel 6% s 53, Beth Steel 6s. . Brier HSt 1st 6%s. Bklyn Ed gen 5s. Bkiyn Union 6%s. . Bush T Bldg 5s 60. Chile Copper 5s. ConGasN Y 6%s.. Consumers Pow 6s. Cuba Cane cv 7: Cuba Cane cv Cuban Am Sug 8s.. Davison Chem 6%. Denver Gas 5 - Det Edison 55 40... Det Edison ref 6s. Dodge 6s. Donner Steel 7s. East Cuba Sug 7%» 1llinois Bell 1st 5. Indiana Steel b8 Int Mer Marine 6s. Int Paper 5s 47. Int Paper cv 6s. Int Paper cv 6s sta., Inter Paper fd 6s Int Tel&Teleg 4% J Kayser & Co 6%8 Kan G & E16s52., Kelly-Spring 8s. 0 | Lackawa S 55 50. .. Laclede G 5%s 52.. Liggett & Myers 58 )| Liggett & Myers 78 Loulsv G & E 58 52 Manat! Sug sf 7%s Nor Ohlo T & L 6s. Nor States Pow bs. Pac T & T 68 62. Pan-Amer Pete 6. Pan-Amer Pete 7s. Phila& RAC& 168 PhilaCorf 6s . Plerce-Arrow 8. Public Service PServGas5%s 6t Punta Alegre 7 Remington Arm Sinclair O11 6s. " 10 102% 1021 89% 101% 97% 104% 104% 106 218 108% 95% 108% 104% 92! 103% 95 106% 95'% 103% 118% 107% 95% 103% 9% 102% 104% 102% 7 103% 103 1 118% 118% 6 107% 107% 62 95% 95 8 103% 103 28 99% 99% 11 102% 102% 6 105 105 5 104% 104% 60 1021 102 9 101 100% 54 108% 107% 95 108% 107% 5 108% 103% 27 96 95% 16 102% 102% 4 106% 106% 1 108% 108% 7102 102 1106 105 1 104% 104% 8 122% 122% 11 99 98% 6117 117 1 103% 103% 15 105% 105 1 104% 104% 104% 15 100% 100 100% 3 103% 103% 103% 1 106% 106% 106% 14 116% 116% 116% 5 101 100% 101 14 108% 108% 108% 2 110% 110% 78 101% 101% 1 101% 101 13 102 101% 19 102% 102% 2 103% 103% 1 105% 105% 9815 17 103% 105% 102 102% 103% 106% 102% 105% 104 5 105% 105% 1104 104 6 103% 103 8 1014 101 1 104'% 104% 1 94k 94% 7 106% 108% 3 105% 105% 14 105% 106% 3 106% 106% 4 9w 97 12 98% 98 15 94% 94% Canad North 6%s, Canad North 7i Canad Pac deb Can Pac 4138 46 Centof Ga5Ys. Central Pacific 4 Cent Pac 1st §s 9 Chesa Corp 5s wi. Ch Gt West 4569, CM&StPgns8) C M&StP 48 25 efs. CM&StPevdls, CM&SPcv4hsdzefe CM&StPgn4ks. CM&SPrf 4%s cf. Chi & NW gen 43.. Chi NW 4148 2037., Chi & NW 6% Chi Rys 5s.. ChiRI&Pgn 4 ChiRI&Prf4s. 29 CRIPac 4%s w.i. 150 ChiTH&SESs.. 10 ChiTHinc6s60.. 9 ChiUn Sta 4%8... 6 Chi Unlon Sta 5s 44 & Chi Union Sta 615 C& W Ib%s62. 994 ¢ % | Int Rap Tran 7s... B! 7 | Sou Ry CCC&StLrf Clev Term 5% C&S1st 4829 Del & Hud 1strf és Del & Hud 5%s.... Den & Rio G cn 4s. Erieconv 4s B. Erie cvt bs 67 1 Hud & Manaj 8s... 11l Cent 4% s Int Rapid Tran 6 Int Rap Tr 6s stpd. Int & G Nor 1st 6s. Int & G Nor ad 8s.. Int RysCA5s72.. Int Ry CA€%srot Iowa Cent 1st 58, Kan City Ft 8 4s, Kansas City 8 §s. IS 1Y 85 anoa o Lehigh Valcn 4s... LehighValcon 4%s 6 Man Ry 1st 90, Market St 7s 40. MilEIRY &L MIEIRy &L Mo Pac 5s F' 17, Nassau El 4s 51, 2 NOTex&M5sA, 36 1 N Y Centdeb 6s... N Y Cent LS cl 3%a NYChI&StL 6%48A., NYCh{&StL 6%sB, 5 106% New Haven4s55.. 9 85 NY NH&H 4s56... 1 85 NY NH&H cvdb 6s 6 112 NY N Hav&H clt 65128 106 NYOnt Wist 10 107% Ore Short L en Ore Wash 1st 4s... Pennsyl con 4%s.. Pennsyl gen 4%4s.. Pennsyl gen 68.... Pennsyl 58 64... Pennsyl 614s Pennsyl gold 7 Peré Mar 1st 43 56. Port RL&P T%s 46 Reading J C 48 51., 0% | Rio G W 1st 4 StP & KCShL 4%4s San A& Arn P 4s., Seaboard A L ds... Seaboard AL 4s sta Seab A L ref 4 Seab A L ad) b Seab A L con 6s... 100 SBAIll Fla 6s 35 A, 20 Sou Pao 48 3! 15 Sou Pacific clt 4 Sou Pacific ret 4 gen 4s. 126% Texas & Pacific 1st 25 1025 1024% TexArk FS5%850, 6 106% Third Ave adj Tol Tr L&P 6% Union Pao 1st 48.. Un Pac 4%8 67, 1 104% 104% 2103 102% 108 3107 106% 59 86 85% 86 27 1024 102% 1024 1100 100 100 taking on of new long commitments. Conditions in the oil industry have not changed envugh to warrant op timism over the immediate outlook for the oil companies, but the ofl stocks bore their share in the recovery. They were looked upon as heing in the best technical position to respond to buy- Ing, and with special dividend ¢ ction pending in a number of companles, the demand for such issues as Vacuum Oil, Humble and National Transit apyeared logical enough. The market for Prairie Oil & Gas evidently had discounted the recent unfavorable dividend announcement and the stock was being well ioupht around 49. Lone Star Gas among the independent issues was carricd to a new high for the year. Announcement that directors of both the Spanish River Pulp & Paper Co. and Abitibi Power & Paper Co. had approved the consolidation of the two properties had been discounted by the rise to the high of 130 reached Monday in the shares of the former. Profit- taking carried the prices off several points toda; Public utilities were again taken up under leadership of United Gas & Im- provement, which gained more than 3 points. Electric Bond & Share, Lehigh Power, United Light & Power “A" and Associated Gas & Electric were carried along, but gains were not pro- nounced. Prospects for early refunding of re- maining accumulations of preferred dividends on Deere & Co. appeared to be the incentive for the overnight jump of 6 points in the common stocks.. Much of the gain, however, was subsequently lost. Strong spots % | among speclalties included Richmond Radiator, Sanitary Grocery, Newmont Mining and Bancitaly. Weakness in German bond obliga- tions continued to feature trading in the bond division. Berlin City Elec- tric 6%s were freely offered at 9914, the low for the year, and Deutsche Bank 6s went to a fresh low. : Washington Stock Exchange SALES. Potomae _Electri 3 105 0Bl gone ;’|"~n on Gas 6s B-—$ otomia 5 at 108 1%%ih. Rwr. & 1d.—100 ash, ’ ec. ptd.— A “cfi%mm'.'f National Bank—10 at 260 % American S, ] “g?‘e" R ,_;;ur‘(‘ua & ;rn;;t Co—10 at olum i —5 : ergenthaler Li nnl;ml at ll.«’: ‘lho.’ ,él) M at 1133%. 2 at 1 3%, pfd.—50 at 7. 53—$1.000 at 1.0/ 10675 . W i SO0 A0 BN Tob %, B 08 % ai t 11335, 2 Natlonal Mike. & Tavest. < AFTER CALL. Capital Traction Co.—13 at 108%. g5 ashington By % e 422284000 at American Security & T —10 . Fede -I-Anurcsc'fl’r,o. (e x}qa dward & " Lothron bd.—10 at 109, 5 at 100, UNLISTED DEPT. Denartmental Bank—3 at 6. Money—Call loans. 5 and 6 per cent. BONDS. Bid and Asked Pric: PUBLIC UTILITY. i B e SSiseatasiien FEER s s wash Bai. gaiadn du o3 Y R waeh: vy & B en s MISCELLANEOUS. B 3 . C. Paper 0 t. Joint St) ash. Mkt Cold_Stor: r Wardman Park Hotel 5% STOCKS. PUBLIC UTILITY. Ameri Tel, & Tel, Nl:flnlk. "n“w Potomac Elec. Potomac Elec. ash, Rwy. & ‘Wash, B'W;. & vid. 6 1d. 5% Jec. col lec. pic TRUST COMPANY. Amer. Security & Trust Co, Continental . . ) Merchas SAVINGS BANK, thesda. Bank of ‘omi S iremen’s National Union.." . 2 TITLE INSURANCE. Columbla Titl o 28 B 2 Est Hite . W Tave'Bor of dd." com.o MISCELLANEOUS. & ) ™ oo 36 @&'v‘:’?'cnu‘i“fim‘i" 180700 100 mmercial Nat. 106% . C. Paper Mfg. leral-Ame: 3¢ hflulon Monotype. erchants; Tran. & 'Siorage. 8. & Stor. pf. notype . 15 Inv. p rug Stores pid. Security _Storage Sanitary Grocery & . “com. | Bldg. Corp."" . w rd & Loth Ay iy ey und & Lothrop ptd. .. 108% 110 FEDERAL IAND BANK BONDS. {Quoted by Alex. Brown & Sons, ‘l'.— aturit: oy 1 g-al i > #3238 o mfi! o = » b Ielisl=lgs EE 2 [oenamd ur Dup p prd. 41 1 Bond. & 'Sk D 10 1 B & Shn Corp 7 El Invest Inc.. 1P & L optl war o = e, o stey Wel Cor A ageol Mot € auny Far Inc. . edders Mfg A. . forhan Co A ox Theaters ‘A nk H H Mt 'C. an Chas e CoomTT oo B 3 Horn & Hardart 1 Huylers *, .. .7 1 lmperial “Tob "1 28 Ind Ray Cor A 1Insur Co N'A". 7 Intern Util iIntern Ut 22 Kemaley % Kroger i Kruskal ' & Kru al C cfi 3 Lib Owens Sh G 4 MacAnd & F C # Marmon 1 Mas: McC: % Mengel Box 3 Motro. Chainy Sira 223 ng. ud’ Po 3 ohawk Val_n. P et ew York Auctn North 0 Pow C, Nor States P C Northe Pow n.. Ohio Braes B. . ac Gas & EI AL ac St Boiler. . Palmolive Co... Palmolive Co pi. Fpion et ! % 2 Pug 2 & Mfg.. Pz‘r,enuo' o redded Wikat: 87 eai everling R_C.. 33 ) % R QoD Sagra e - D _ooHkCs LD Es SR DR BB S 2-32Cna%: i<t F e 50 - F5< Souse) SRSis s e Dairy P vte B et Vo Pa & Pu Veas & Sn vie.. 64 White S M de rts 15% MINING STOCKS. = Sales in hundreds, 231 2 027 100 80 % 132% 2% 2% Pt 1% 13 Sales INDEPENDEN’ flalen GNDEPENDENT OIL STOCKS. 4 = Son oari S25-E5%0cuR EaR s oh s bgn @B R amim S DRSa: AR eSS S o 13 5 Sales STANDARD OIL ISSUES. in unite. 50 Buckeye P L.... 55 100 Chesebrough Mfg. 123 50 Cumberland PLn 92% 6700 Humble Ol & R. 65 250 T P L. 80 Inc 100 N & Transit 500 Ohio Oil . 500 Penn Mex Fuel. . 2200 Prairie O & G n. Prairie P L..... 1 50 Sou W Penn P L 30008 O Ind.. . 2008 0 Kansa: Sales in thousunds. 1a c> &= - SSa55es (o 5 331 120 3% 30 208 11 21 «()5 10 18 14 197 né;fi ai, 2% 7 3 23 80 a4 15% 2" 25 59 mgi . 1331 [ Mass. Gas Co. & bite'se & 5558 1 5 Pits Sc'& B 5lgs 100 19 Pure O Co 3i3a 4598 G&E 5i4n A 1070 31 Rem'Rd Sige A 018 3 Server Dol (. t Theat 6y Sheft 6. .. Laund M 8s 1 nd ik haid b 91y 101% 1018 7101% 1 Saies in - thousands. FOREIGN BONDS Adriatic E P Buenos 10 Cen B é\s [ 04 % 2 Danish Cona 51458 100 1 Danzie Port 6146 00 8. 1001 Ger Con 8 Hamburg. Ma & Hamburg St ' A pi %55 Bai 10 Montevideo 6s 4 930 14 Mor'B Bokota 7 iy s Mor Bk Den 0s. 101 8 Mund Bedellin' &5 1037 M edellin 7 berg Os. o § 9 »- M A YZE! ‘67 17 inda_Falls 55 A 9 SMT 7s 45100 In 6%s 96 B, 88 # % Su &x i 3SR 5 St 20'n: L ad = nnBDD: 214 28 95y —_— MIDLAND UTILITIES co. INCOME SHOWS GAIN CHICAGO, October 25 (4).— of the Midland Utilities Co., crn';cc:g;": and its subsidiaries for the year enq. Ing June 30 totaled $2,519,306 more than for the corresponding perfod of 1926, figures given. out by the com- ]();;}l' dtot;nz_‘al!;l;ow. The 1927 income e ,338,035 a - el nd the 1926 in ubsidiary operating compan: - tinue to show business lm;’:o\!::n:‘;ll: it was stated. Operating revenue of the Northern Indiana Public Service Corporation for the period was $11,- 444789, while that of the Indiana Service Corporation P amounted to e B MISSOURI PACIFIC BODY ON DIVIDENDS NAMED NEW YORK, October 25 (#).—The personnel of the special committee of directors to consider plans for dealing with the accumulated divi- dends on the preferred stock of the Missouri Pacific Railroad was an- n%x}vllced today. e committee will include Willi; H. Williams, chairman of the bofll?!;':l L. W. Baldwin, president; Charles E. Inger of Philadelphia, John J. Ras- kob, chairman of the General Motors fign-lbl’;ce (‘lommltlee, and Charles H. Sabin, chairma; i oo n of the Guaranty Accrued dividends on the ref I::ue \;‘lllta]m(!;mt to 334,00‘:],00;,"2‘; Proximately $47.50 a share, close of the year, b o INLAND STEEL PROFIT UP. Better Earnings for First 9 Months of 1927 Are Reported. NEW YORK, October 25 (#).—Inlana Steel Co. had more prom&b{? Parning: In the first nine months of 1927 than in the corresponding 1926 period, net income rising to $5,590,040 from $5,- 034,519, This was equal after pre- terred dividends to $4.28 a share on the common stock, against $3.81 a share a vear ago. 'Third quarter net income was $1,244,021 against $2,215, 094 in the second quarter and $1.701.- 286 in the third quarter of 1926. Regular quarterly dividends of 6214 cents a share on the common and $1.75 a share on the preferred were authorized. o SHORT-TERM SECURITIES. (Revorted by J. & W. Seligman & Cn‘.‘\ N Alum. €o. of Amer. 5s 1952'1007% Amer: Tel, & Tel. Co. 48 1023 00 & American Thread Co. 68 1938 101 Anaconda Copver €5 o35, Joi Associated Oif 65 1933 102 Baltimors_& Ohilo s, 10 tavian Pet. Cor, 4 04 California Pet, Co. Canad."Not. :anad. Nor, Che. . R. 4 & Hid. R, um. Bos. 4 0. 78 1950 Gen. Mot. Accep, Co. 6 crshey Choc. Co. 5 Bumble, il 3yx 1033 . New 'York Tel. 6s 1941, . Oregon Short Line 4s 1930 Sinclair Cr. Oil Pur, 6s 1938 100 on. Fao. R R, Co, 48 1020 0o N ¥ Sye18ag. 10 " £°5°°%, 3 2030 08 “Co. Ba 1938... ... 1 G ol 16t o8 gl 0y o 1848 DIVIDENDS. , 4333 III“I. EAXEERTITER Tue CommerciaL Nationar Bank Capital & Surplus, $1,400,000.00————Resources, Over $17,000,000.00 Corner Fourteenth and G Sts. You'll Save Yourself —much worry by keeping your papers of importance in one of our SAFE DEPOSIT BOXES. Annual rentals are more than reasonable—a box of generous size, cost- 33'50 ing as little as...... {We Pay MORE INTEREST on Savings Accounts than any other National Bank in Washington. A Come in for particulars. Over a Third of a Century Without a Loss Main 2100 THERE IS NO FIRST S MORTGAGES INVESTMENT VALUES —are variously defined. The in- experienced investor sometimes gives undue weight to profit. The more experienced lay in- creasing importance upon safety. Both are to be depended upon in the case of our 6% FIRST MORTGAGES They are beyond question safe—backed by stable valua- tions. profitable—carrying the abso- lute assurance of interest earn- ings when due. The combination is ideal. B. F. SAUL CO. They are continuously 925 15th St. N.W. SUBSTITUTE FOR SAFETY N Savings 61st Year Capital and Surplus $3,000,000.00 ECONOMY —in estate settlement is, if anything, more essen- tial when little is left than when millions are in- volved. i For the sake of your h to-be, let your will name a Executor or Trustee, an in- stitution like ours. It means more for those you leave be- hind—conserves your estate— iminates costly errors that individual executors often make. & Trust Co. The Oldest Savings Institution in the District of Columbia Cor. 15th and New York Ave. On Improved Property We invite applications for loans on im- proved property on a MONTHLY PAYMENT BASIS OR STRAIGHT THREE-YEAR PLAN Lowest Interest Rates AM]EMCAN S]ECUMW AND TRUST OMPANY Real Estate Dept. 15th and Penna. Ave. BRANCHES: HeStees 6 914 9% 9% 86 85% 85% —_—— EXTRA DIVIDEND VOTED. 104% | NEW YORK, October 25 (#).—Fed- 103 |eral Motor Truck declared an extra 100% | dividend of 2% per cent in stock and France, demand, 3.92%: ca- .21 9% 99 Italy, demand, 5.46%; 1 100% 100% 99 100% 9% 105 Central—7th and Mass. Ave. N.W. Northeast—8th.and H Streets N.E. Southwest—7th and E Streets S.W Northwest—1140 15th Street N.W. TOTAL RESOURCES OVER $38,500,000 S Ye- Pay- Irs. of any. b ble. A pacgmemny o Bate. R TG, RS .. ..$2,00 3 .. 200 2,00 35 In 100 for Gor. 7 & Vaat £ o = = 82 15; Germany, 1;; Norway, enmark, 26.79; st 333353 3R e 3 Novib 9ot 3% 3 gadt Sou Bell Tel 58. 7 104% 104% Pov1d 83 Standard OIl N J 68 97 103 1027 Spain, 17.15%; Sug East Orient 3101 100% , 11.25; Czeaho- 2 105% 1067 106% | the regular quarterly of 20 cents in %: Jugoslavia, 1.76; Aus- | Toledo Edn 1st 7 cash. The stock lend 9 5 108% 108% 108% s Rumania, .62%; Argentina, 3 1075 107% 1074 January 5 and 11.97; Toklo, 46.45; Shs r 93% lontreal, 100.153%,. “ 14U 10314, ———— TREASURY CERTIFICATES. (Revorted by J. & W. & Co.) WE T A s - D 0 BB I D B R OB DI S OB 3 2 > BRI RETE FSLTEETT FEPRRELSISEER - - 2 % neS2338828=22. i