Evening Star Newspaper, November 3, 1927, Page 14

t FIN ONEY (oum ~for refinancin cations invite THE COMMERCIAL NATIONAL COMPANY (Inc.) Pal QCash Capital, £700,000 Commercial’ NatT Bank Blary. First Deed of Trust Notes for Sale Secured by Improved Real Estate in the District of Columbia Principal and Interest GUARANTEED REAL ESTATE MORTGAGE & GUARANTY CORPORATION Main 1403 26 Jackson Place Resources Over $4,000,000 L. E. Breuninger, President We will gladly receive 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. First Mortgage Notes —are secured on Improved Real Estate in the Nation's Capital. The loans on these properties are made only after rigid analysis by our Ap- praisal Committee of special- ists. ACCRUED ANNUAL RETURN Serial Building Association Organized October, 1802 Under Government Supervision Subscribe NOW for stock in the 36th Series Shares $1 Each, Payable Monthly 59, Interest paid on your savings John Finn President Thomas E. Petty Secretary 1421 You Street N.W. By 306 7th Street S.W. reinvestment of Liberty Bond Funds —ask us about First Trusts — on critically appraised residential properties in the best sections of Washington. Protected and prof- itable investment. — MRS 1415 K Street Main 4752 Over 8%% vyield from this strong common stock Your investment in Cities Service common stock af. its present price | gives you a yield on your money , of over 8% % in cash and stock dividends. As an owner of Cities Service | common stock you are a profit- | sharing partner in one of the larg- est and most successful public utility and petroleum organiza- tions in the country—an organi- zation with total assets of more {than $650,000,000 and over 1300,000 security holders. Clip and mail the conpon (r———————— ey { 301 Southern Building ANCIAL! REBOUNDIS SHARP ON STOCK MARKET Steel and Motors Keep Pace in Upward Movement. Southern Ry. Strong. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 3.—The stock market today had the sharpest rebound from the recent reaction yet seen. Not only the so-called pivotal stocks, but a long list of minor issues moved up briskly under a combina- tion of new buying and short cover- ing. 'gl'he mood of Wall Street changes quickly. Little was heard today about unsatisfactory business conditions, which had been held at fault when stocks were going down. Instead at- tention was turned to quarters where improvement was in progress, no mat- ter how slight. The copper stocks are good {llustrations. The price of cop- per metal was a shade higher and producers are more Yopeful, and so copper stocks were stfong today. Cal- umet and Arizona was the feature, at a new high above 90 and higher than at any time since 1916. Kennecott was in vigorous demand, and American Smelting and Refining rose over 3 points. Motors and Steel Keep Pace. The industrial leaders went up to- gether—General Motors, U. S. Steel and General Electric. Each sold at the best since last week’s selling movement ran its course. Obviously most of this gain was due to short covering, but a part of it was the re- sult of the re-entrance into the mar- ket of those now convinced that no permanent decline was in_prospect. International Harvester, Woolworth, Radio, American Can, Cologado Fuel and others went along. The movement gathered impetus as the session pro- gressed, and the sight of advancing prices inspired confidence. Southern Railway again was the conspicuously strong railroad stock. Above 137 it was at the highest in the history of the company, responding to the suggestion that the stock will be put on an $8 dividend basis at the De- cember meeting. Southern Railway is one of the few roads, which has been able to turn a loss in gross into a gain in ret through control of ex- Denses. It is the belief in the street that the management now is willing to share with the stockholders the re- sults of the long building-up process this road has undergone. Shares of the Northwestern roads, Northern Pacific and Great Northern espe- cially, were in good demand and other standard rails such as Atchi- son, Union Pacific and New York Central improved sympathetically. Organized Support Helps. Stocks enjoying organized support participated in the upswing. Inter- national Paper was brought out again and there was a_very remarkable demonstration in Hupp Motor which however did not hold all of its rise. Fleischmann, Ward Baking “B” and Midland Steel products preferred were others sensitive to the same in- fAuences. Money renewed at 31 per cent and was in such abundant supply that loans were made in the outside mar- ket under the official rate. In view of this showing there was no con- cern about the weekly total of THE EVENING STAR, WASHINGTON, D. C, THURSDAY, NOVEMBER 3, Low. Closs. 129% 129% 104 1048 110% 110% 174 174% 9% 9% Open Abitib! Pow (8). 1301 Abrahm&Straus §104% Abr&Stras 7%pt 110% Adams Exp (8). 174 Adv Rumley. ... 4 9% 9 Alr Reductn(17) 176 175% 1767 Ajax Rubber.... 7% 7% Th T4 Albany Papr(2). 20% 20% 20 20 Allied Chem (6) 14614 145% 146% Allis Chalm (6). 110% 110% 111 Amal Leather... 12t 124 12% Amerada (2).... 29% 29 B0 Am Agricul Chm 11% 1t 11% Am AgriCh pf.. 40% 404 41 Am Bank N(13). 179 79 80 Am Bk N pf (3). 5Tt 574 60 16 16 16% 284 23% 3815 38% 8l 8% 63% 65 98k 98% 4 1261 126% Ta Tl 14 14 4% 46 172% 173 233 ) 38k Am Brown Bov, 84 AmCan (2)..... 63% Am Car&Fd: 9814 AmC & F pf (7). 126% am Chicle (3).. 7l Am Drug (80c). 14 Am Encau (2.40) 44% Am Express (6). 1724 X Am & For Pow.. zd% 24% 25 Am&Fo Popt (7 104 1031 108% Am Hide & Lea. s 1% 12 Am Hide & L pf. 581 b8% Am Ho P (240). 59% 62% American Ice(2) 2Th Am Internatl(2) Am La France. . Am LaFra pf (7) Am Linseed. ... Am Linseed pf.. Am Locomot (8) 102% Am Machine (2) 161 AmMa&Fy pf(7) 214 Am Metals (3).. 40% AmMetals pf(7) 111 Am Plano (3)... 32% Am Planopf (7) 93% AmPo& Lt (11) 67% Am Radiator (5) 131 131% i30% 130% Am Ry Exp (6). 104'% 106% 1045 106% 413 41% 2% 55% Am Seating (t4) 41 Am Shipbldg (8) 105 105 107 Am Ship & Com. 3 2% 2% Am Smelting (8) 163 164% 162% 164 AmS & R pf(7). 130% 130% 130% 130% Am Snuff (12).. 136 136 136 136 Am Stl Fdys (3) 47} 47% 46% 47 Am Sugar (6)... 71 1% 70% 70% Am Sugar pf (7) 104% 10! 104% 104% Am Sumatra.... 62% 62% 62 Am Tel & Tel (9" 176% 177 Am Tobacceo (8). 175 175 AmTobaccoB(8) 175 175 1724 174% Am Tobac pf (6) 115% 115% 115% 115% Am Type pf (7). 110 110 110 110 Am W W (m80¢c) 62% 62% 624 62% Am Woolen..... 2! 51% 21 i 48 36% 4 102% 103 158 160 214 214 36% 38% 110 110 32% 32 32 93% -+ 93 93 67% 67 6T% 41% Am Writ Pactfs 21 Am Wr Pa pfefs 50 Am Zinc pf. . 36% Anaconda (3). 46 46% Archer-Dan (3). 48% 48 Arch-Dan pf (7) 111% 1114 111%2 111% ArmourDelpf(7) 83 83 81% 82% Armouroflll(A) 9% 10% 9% 9% ArmourofI11(B) 6 6 5% 5% Arnold Con&Co.. 35 35 35 35 Artloom pf (7).. 114% 114% 114% 114% Ass0 Dry G (2%) 46% 47% d46% 46% Asso DG Ist (6) 108 108'% 108% 108 AssoDG2d (7)., 110 110 110 110 Asso 011 (13.20. 37% 3T% 37w 374 Atchison (110).. 183% 185 183% 185 Atchisonpf (5). 103 103 103 103 AtICL (18%) 188 188% 188 188 Atl Gulf & WI. 32% 33% 324 32% Atl Reflning (4). 118% 119% 117 119% Autostrap A (3) 44 44 43% 43% Baldwin L (7) 254% 256% 264% 255 117% 117% 117% 117% 804 80% B80W 80% Bambgr pf(6%). 109% 109% 109% 109% Bang & Ar (3%) 70% 71 70 7L Bk Comerce t18. 525 526 525 525 Barnet Leather. 44 44 44 44 Barnsdl A(b2%) 244 25 244 24% Barnsdl B(b2%) 25 25 25 25 91 91 9% 14% 15 64% 64% 116% 116% brokers’ loans to be made public after ‘the close. BUTTER IS LOWER. CHICAGO, November 3 (#).—But- ter lower, receipts, 5309 tubs; creamery extras, 46%: standards, 44%; extra firsts, 44ad5; firsts, 40a42; seconds, 36a381%;. [Eggs higher; re- ceipts, 3,691 cases; firsts, 38a43; or- dinary firsts, 26a34. SILVER QUOTATIONS. NEW YORK, November 3 (#).— Bar silver, 57; Mexican dollars, 43%. SHORT-TERM SECURITIES. (Rworted by &W Selirman & Co.) ! g Alum, e = S s s3EEss 2 e T 2S2RS o 2 ¢ CODDE PO« s = 25 22 > & bt oSose! SS2R2! S AEARES PR SRR . R. 8. Rubber : Sl ) ecling Stecl & & Corporation. Assoc Ol 64% 64 Beechnt pf B (7) 1164 116% Belding Bros (2) 21% 21% 214 21% 521 52% 5% 51 51% 39 39 39 -39 112% 112% 112% 112% Bon AmiCIA (4) 65 65% 65 65 Booth Fisherles. 4% 4% 4% 39 39% 39 Briggs Mfg Co.. 20% 20% Bkin-Edison (8) 176% 177% Bklyn-Man (4).. 55% 56% Bkin-Manpf(6). 80 80% 80 80% Bkiyn Un Gas(5) 139 139 134 135 Brown Shoe (2% 44% 44% 43% 48% Brunswick B (3) 33% 33% Burns Bros (B). 184 18% Burroughs Ad(4) 130 131% Bush Term (L8). 63 63% 64 Bush Ter de (7). 104% 104% 104% 104% Trm pf (7) 116 116 116 Butte Cop (50¢). 4 Butte&Super (2) Butterick (g2).. Byer & Co....... Byer & Co pf (7) 110 110 110 Calif Packg (4). 66 66% 66% Calif Petm (1) 24% Calumet & Ar 90 Calu & Hecla (2) Can Dry (13%). Can Pacific (10). Can Pac 1st pd.. CaseThreshz(6) 2674 269t Cent Alloy (2),., 25 Cent Leath..... 24 Cerro dePas (t5) 60% Certain-Teed (4) b51% 51% Chandlerpf(2%) 17% 17% Chase Nat B(18) 564 573 Ches & Ohlo (10) 211 211% C&OCorpn (3), 83% 83% Chi & Alton pf.. Ch! & East Il pt Cht Great West. ., Chi Gt West pf.. Chi Mil & St P. 4% 39% 20% 20% 176% 177% 55% 56% 116 4 % 8 4T% 47w 82% 83 110 or Eisenlohr & Bro. El AutoLt (16%) Electric Boat. .. Elec Power & Lt Elec Refrigeratn El Stge Bat (16) Elk Horn pf.... Em-Brantgm(A) t2nd John (5)... kingineers Pub 8 Equit Bldg (7).. EquitableTr(12) Brie RR....... trie 1st pf. ErieStmS cfs 234 Bureka Va ft4% Fairbanks (3).. Fed Ligt(h1.40). Fed L&T pf (6). Fed Min&S(10). Fed Min pf (7).. Ked MotT(£80c) Fid Phoenix(4). Fifth Ave (64c). First NatS(1%). Fisk Rubber-. ... Fisk 1st pf (7).. Fisk 1st pf cv(7) Fleischmann (3) Foundation (5). Fox Kilm A (4). Frank-S pf (7).. Freept-Tex t4% Gabriel Sn (3%) Gardner Motor. Gen Am Tnk(4) Gen Asphalt.... Gen Cigars (4).. Gen Elec (15).. GenElec sp(60c) Gen GasA(01%) Gen G & EI A(8) Gen Motors. . Gen Mot pf (7).. Gen Outdr Ad(2) Gen Outdr A (4). Gen Ry Sig (5). Gen Refrac (3). Gillette SaR(15) Gimbel Bros.... Gimbl Br pf (7). Glidden Co..... Gold Dust (3)... Goodrich Ru (4) Goodyear Tire. . Goodyr 1st pf(7) Gothm S H (2%) Gotham new 2% Granby Con Min Grt North pt (5) Gt Nor pf cfs(5) Grt Nor O (1%). Grt Wes S(2.80) Gt West S pt (7) Green Canan. Guantanam Gulf Mo & No Gulf States S HavEI Ry pf(6). HockingVal(10) Hollander & Son Houshld P (3%) Houston O1l..... Howe Sound (4). Hud Man (2%). Hudson Mot (5) Hupp Mot(1.40). Hilinois Cen (7). NiCenIsd i (4). Indep O11 (1)... Indlan Mot (1%) Indian Mot p£(7) Indian Refining. Indian Refg ctfs Ind Ref pf(7)... Ingersoll RA(15) Ingersoll pf (6). Inland St (2%). Inspiration Copr InterboroRapTr Intcont] Rub(1). Internat Agri. .. Int Bus Ma (4).. Int Cement (4).. Int Com Eng (2) Int Comb pf (7). Int Harv (§6) IntMtch pf(3.: Int Mer Marinq Int Mer Mar pf. Int Nickel (2)... Int] Paper (2.40) Int Paper pf (6). Int Paper pf (7). Inter Salt (6)... Int Tel & Tel (6) Island Creek (4) Jones Bros Tea. Jordan Motor... KCP & L 1st (7) Kan City South.. Kayser J (4). Kelly-Spring. Kelly Tire 6% pf Kelly Tire 8% pf Kennecott C (5). Keystone T & R. Kraft Ch (11%) Kresge (1.20)... Kresge SS pf(8) Kress S H (h1).. Lago Ol (76e).. Lambert Co (16) Lee Tire & Rub. LehighVal(3%). Lehn & Fink (3) Life Sav (1.60).. Lig & Myrs(ft4) Lig&MyrsB (f4) Lig Carb (3.60). Loew's Inc (2).. Loft....... . Loose-W1l1(1.60) Lortllard Co .. Louisfana O1l... LouisGasA(1.75) Louis & Nash(7) Ludlum Steel(2) MacAndrws 2.60 Mack Truck (6) Mackay (7).. CM&StPefs.. Chi Mil & StP pf C M&StP pf cfs. Chi & Nwn (4).. Chi Rock Is (5). CRI&Popf (6). CRI&PDL(T). Chi Yellow C(4). Childs (32.40)., 28 % 28% 89% 894 105 104 104% 103 102 103 109% 109% 109% 109% 45% 45% 45% 45% 53% 53% 053 3 Borden Combany. 3“" Luhlrl of 'ed Lt & Trac Do. s - ool DS o D S FOREIGN EXCHANGE. 1Quotations furnished by W.B. Hibbe & Nominal Seliing ¢l Orlo, crown. . . Stockholm. erown FEDERAL LAND BANK BONDS. 1Quoted by Alex. Brown & Sons. Closing.) gl ] 1941 1042 RS oRo83 oo 1 1 1 1 1 1 1 1 1 1 1 FUEPSENE pesshARRsmRasesS S5t oroohaomos 33 TREASURY CERTIFICATES. (Reported by J & W. Seligmap & Co.) ate—Maturity e Do 48 1927 .. 188530 0 RED 13@;51%% it ChileCo (23%).. Christ! B (1.20). Chrysler Cor (3) 53% 54% 53% Chrysler pfA(8). 113% 113% 113% 113% City Stores (B).. 53 b4 62 53% Cluett Peab (5). 82 82 81 81 Cluett Pea pf (7) 124% 124% 124% 124% Coca-Cola (5)... 121 122% 121 Collins & Alk(4) 96% 95% 94% 95% Collins&A pf (7) 105% 105% 105% 105% Col Fuel & Iron.. 172% 173% 71% 72% ColGas & El (5). 89% 89% 89% 89% Col GEE pt A (8) 107% 107% Col Carbon (4).. 97 97 ComCred (1)... 19% 19% 48% 48% Com Inv (3.60).. 170 170% 67% 68 Com Solvents(8) Com Powr (2%), 68 68! 22% 23% 22% 22% 8% 77 8% Congoleum-Nair Con Clgars (7).. 77 Con Cigars pf (7) 101 101 101 101 Consol Distribut 4 % Consol Gas (5).. ConsolGas pf(5) ConRRCuba pf 6 Consol Textlle. . 4 Cont Bakg A (4). 53% Cont Baking B.. 5% , Cont Bak pf (8). 93% 934 Cont Can (5).... 175 75 Cont Can pf(7).. 124 124 124 Cont Insur (6).. 223% 223% 223 223 Cont Mont (80c). 9 9 8% Corn Prod (13).. 59 Coty Inc (6).. CructbleSteel (6) Cuba Cane Su pt Cuban Am 8 (1). Cuban Dom Sug. Cudahy Pkg (4). Curtiss Aero. Curtis A pf (7 Cushman’s (§4) 146 146 Cushmann pf (7) 120 120 Cuyamel Fruit.. 61 51 Davison Chem.. 34% 34'% 33% 34 Deere&Co pf (7) 123 123 123 123 Del & Hud (9).. 179 180% 178% 180% Del L& W (17). 131 131 130% 130%.] Detroit E4 (8).. 158 158 158 158 Diama Mtch(8). 135% 135% 135% 135% Dod; ros Cl A 14% 18% 13% pf(7)..ue 61% 60% 61w Dome Mines (1). 1% 11 11% Dunhil) Int (4).. 68% 68% 574 BT% Dupont (t9%)., 309 310 308 308% DuPont deb (6). 114 114 114 114 34% 34% 34% 34% 0% TL 691 69% 96 48% 48% 169 170 ] % 114% 114% 99% 99% 99% 99% 69 B! 69% 4 62% b53% 59% 105% 106 82 82 11% 54% 47% 113 113 Eastman (18) 160% 167 1604 168% Eastman pt (' 126% 125%. 1 125% Eatop Azle (2),. 234 23% f@w 28% 9 | 6% Mallison pt (7 Man £1 Sup (5).. Man El' m g (45) Man Shirt (2)... Maracaibo Oil... Market Street... Market St prior. Marland Oil..... Mar Rock(131%5) Mathieson (4). . Mathleson pt (7) xay Dept s.za). aytag (12%).. Mexican Seab. Miami Cop (1).. Mid-Continent. . Mid-Cont pf (7). Middle States. .. Mid States Oll ct Midland pf ($12) Miller Rub (2).. Min St P & SSM. Mo Kan & Tex.. Missourt Pacific. Missouri Pac pf. Montana Pow (5) Montgmry W(4). Moon Motor..... Mors&Esk(3%). Mother L (50c). Motor Met (3.60) Motor Whi (2), Mullins Body. Munsingwr ( Murray Corpn. Nash Motor(t5). Nat Bellas Hess. Nat Biscuit(t7). Nat Bise pf (7). Nat Cash R (A)3 Nat City Bk (20) Nat Led pt B (6 Nat Park Bk(24) Nat Pw&Lt (80¢) Nat Ry Mex 2d.. Nat Supply (4). Nat Surety (10). Nat Tea (4)..... Nevada C(1%).. NO Tex &M (7) NY NH & Hart.. NY NH&H pf(7) NY Ont& W (1), NY Stm pf A (7) Niag F pl (1%) Norfolk South . 124% 11 3% 120% . 130% 5874 119% 62 98 1% 179 24% 42% 107% lgzh MStP&SSM li(4) 68% 40% 19% 19% | Mo K & T pf (8). 105% 524 108% 103 83% &% Norf & Wn($10) . 184 NorAm b10%stk North Am pf (3), 8 68% 53% High. Low. Close. o 4% 25 14 115% 60% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. 11% | NorAm E4 pf(7) 10 91% | North Pac (5)... 9! 17% | Nor Pao ofs(5).. 26 | Nunnally (1.50). Zhelon well Sup... T on wel s pt.. % Omnibus.... % | opnhm Co) (1) 84| Orpheum Cir (3 Otis Elevator (6) ) |0tis Elevpt (8). a5, | Otis Steel...... 2% otis st1 prior(7). 9% |outlet Co (). .. 24 | Owens Bot (C16) Paclific Gas (2).. Pac 01l Stubs. .. Pac Tel & Tel (7) Packard (12.90). Paige Motor. ... Pan-Am Pet (4). Pan-AmPetB(4) Pan-Am West B. Parmt-Fam (J8) Park & Tilford.. PennDix Cmt(2) Penna RR (3%) Peoples Gas (8). Pere Marq (18) . Pere M prior (5) Phila Co (k4)... PhilaCo8%pf(3) Phila&RC1. Phila&RC&I c: Philip Morris. Phillips Pet (3 Plerce-Arrow. . Plerce Arrow pf. m.. Pillsbury (1.60). Pitts Coal....... Pitts Ter pf (6). Postum (6). . Prod & Refiners. Producers&R pf. Pub Serv NJ (2) Pub Serv pt (6). Pub S NJ pf(7). Pub S NJ pf (8). Pullmn Corp(4). Pure Oil 11.87%. P Pure Oil pf (8).. 9874 | Purity BakA(3). 9614 | Purity Bak B (2) 23 | PurityBak pf(7) 36% | Radlo Corpof A. 118 | RadloC pf (3%) 83 |RSIlICefs (4). 8 | Reading (15) 1 53 Real Silk Hos. Reld Ice Crm(3). ReldIceCr pf(7). Rem-Rand $1.60. Rem-Rdist (7).. 651 Reading 2d (2).. ”'5,/ Rep Ir & Stl (4). EG'V: ‘Reynolds Spngs. 5o% Rey Tobac B (5) ¢ | Robt Reis & Co.. 223 Rossla (ns (6).. “ | Rossla Ins Co rts 131% | Royal Da3.13%. 82% | Rutland pf...... 26% 3% Safety Cable (4) St Jos Lead (13) gy, | St L & San F't8). % | St L&SanF pf(6) 8% | St L Southwest, 42 75 411 34 Seagrave (el.20) 3ears-R (n234).. Seneca Coper. ... Shattuck F G (2) 9% | Shell Tra (a2.41) 92% | Shell Un (1.40).. 55 | Shuber The (5).. Stmmons (2).... Simms Pets 214% | Sinclair Otl. .s.s 83% | Skelly Oll (2)..._ 3% | Snider Packg Co. 36% | So Por Ric S(£2) 64% | South Calif Ed.. 66% | South Dafries A. Sou Dairies B. 108% | South Pac (6)... 63 | Southern Ry (1) 145% | South Ry pf (5). 54% | Spicer pt (8).... 25 |SHAG&B (3%). 14 |[St4G&Et (4). Std Mill(5)..... StdOiICal(128). Std O1LNJ t1%) Std OIINY(1.60) Sterling Prod (16 Stewart-War (6) Strom Car (2) Studebaker (5). Submarine Boat e Symington. Tenn Copper (1) Texas Corpn (3) Lex Gulf Sul (4) Tex & Pactflc. ... Tex PC&O(60c). Tex Land Trst n Thatchrp2(3.60) The Fair (2.40). Thompson(3.60) Tidewatr As Ofl. T1dWASO1Ipt(6) Tide W Ofl pt (5) Tidewatr Oil 80c Transue & W Underwood (4).. Underwd pf (7). Un Bag &Paper. Union Carb (6).. Unton Oll (12%) Union Pac (10). UtdCgrst(C80c) Utd Cer St pf(6) United Drug (9) Utd Drg 1st (33 Utd Frult(15%). USC1P&F (10) U S Distributing 37%| U S Hoftman (4) 40% | U S Alcohol (5). 116% | U S Leather w1, 113 | US Leather A.. 8414 | US Leatprpf(7) 31 | US Realty (4).. 4% | U S Rubber. ’:3%’ U S Rub 1st (8 24% | Uni Pic 1st p£(8. 42 | Univ Plpe(t2%) 68% | Utl P&Lt A (e2) 41y 1% | vanadium (14).. 105% | Vick Chem (4.~ 109% xggx Victor pr bt (7). Va-Caro Chem. . 87y | Va-Car Ch 6% pt 1% | Vivadou (3).... 1974 | Vulcan Detin. ... 25% | Wabash.... 57% | Wi Df A (5) 45% | Waldorf (13%4)... 18% | Walworth (1.20) Ward CL A (8)... 374 | Ward Baking B. 1457 | Ward Bak pf (7) Warner PloA... Warner-Quin(#) Warren Bros (4) WarF 3 | Westn Pacific pt. 5y, | West Union (8). 9174 | Westhse A B(2) 277 ' | Westinghse (4). 164 | Weston Electric. l6 | Weston A (2)... 138y | White Eagle (2) 161% | White Mot (4).. 126 | White Rock (2). 57 | White Sew Mach White SM pf(4). 16714 | Wickwire oft, .. 51% | Willys-Qverland 111% | Wiison Copf A.. 354 | Wilson & Co pt.. 110% | Woolworth (6).. 28 | Wright Aero (1) 473 | Wrigley (13%). 184 Yellow Truck... 58% Yel Tr&Co pf (7)' 87 68% Youngstn Sh(5). 1! Den. High. 3% 108% 5% 96% Low. Close. 103% 103% 95% 96% 1927.° PROMOTIONS GIVEN T0 THO BANKERS C. H. Young and W. E. Free- man Boosted by Farmers and Mechanics’ Institution. BY EDWARD C. STONE. At a meeting of the board of direc- tors of the KFarmers & Mechanics’ National Bank today in Georgetown two new assistant cashiers were elect- ed, Harry V., Haynes, the president, announced after adjournment. ‘The new junior officers are C. Howle Young and W. Edmund Freeman, the action being taken in connection with completing the organization for the new branch bank soon to be opened on Wisconsin avenue at Warren street. Mr. Young has been with this bank for several years and has made an excellent record for himself. He will remain with the bank at Wisconsin avenue and M street. . Mr. Freeman, who has been designated to manage the new branch, joined the Farmers & Mechanics’ staff severa’ months ago after long service with the Potomac Savings Bank. The building in which the branch is to be located is practically finished and it Is intended to be ready for busi- | | ness on December 1. Local Bankers Royally Treated. Victor B. Deyber, president of the Second National Bank, is loud in his praises of the manner in which the Washington bankers were entertained at the A. B. A. convention in Houston. Their hosts went out of their way to show them everything of interest in Houston and within a radius of 50 miles or more. The sectional meetings, as usual, proved especlally interesting during the convention. Mr. Deyber found the discussions in the national bank section of more than usual value, and he also found the clearing house sec- tion meetings equally helpful. The question of lower costs, interest rates and other steps toward greater effi- ciency took most of the time. The convention, however, lacked the snap that it had last year, when the Mc- Fadden bill discussions created so 1, | much excitement. The local bankers thoroughly en- Joyed their stops at New Orleans and Atlanta. While sightseeing in Atlanta the residences of the “Coca Cola Kings" attracted wide attention. Cageless Counters Prove Popular, The introduction . of cageless coun- ters in the Merchants' Bank & Trust Co. has already proved popular with both officials, employes and patrons. This change and the new stairway make the banking lobby appear con- siderably larger. Another change of even greater im- portance is soon to be made. This will be the closing of the present en- trance on the corner and the conver- sionof this space into a ladies’ room. The new entrance will be in the center of the F street side. On a recent visit to Atlantic' City President Peter A. Drury noticed that practically none of the Atlantic City banks had corner entrances. The same s quite largely true in New York, it being considered that an en- trance away from the corner gives much better balance to the interior of a bank’s lobby. Treasury Revises Tax Ruling. Under revised Treasury regulations taxpayers seeking an extension of time in the payment of back taxes may furnish bond by depositing Gov- ernment bonds or notes with the In- ternal Revenue Bureau instead of supplying bonds through a suréty company. Formerly surety bonds were re- quired ‘on all amounts in excess of $100. Under- the present system the taxpayer can be saved interest and commission on surety bonds. Washington Gas Light at 82. ‘Washington Gas Light stock was the beacon light on the local stock exchange today when it reached 82, a new high mark. The day’s trading totaled 115 shares in nine different sales, all at the new price. Potomac Electric Power 6 per cent preferred also scored a new eak— 112%—when only two shares changed hands. The 5% per cent stock sold at 106%. Capital Traction appeared in one 10-share sale at 108%, frac- tionally lower than yesterday’s close. Sanitary Grocery preferred was quite active, opening at 102% and closing at 102 flat. Federal-American Co. common sold at 39. Fifty shares of National Mortgage & Investment preferred sold at 6% and 25 shares more at 6%. In the bond division Gas 6s, series A, moved at 105, while the series B bonds sold half a point higher. ‘There was $10,000 transfer in Washington, Alex- ander & Mount Vernon certificates at4. City & Suburban 6s moved at 99, Capital Traction 5s at 1023, Potomac Electric Consolidated &s at 102% and 103. Some Enormous Coinage Figyres. In writing of the work of the United States Mint, Director Robert J. Grant has this to say in “Dollars and Sense.’ “The total coinage for the fiscal year 1926 was 372,171,282 pieces with a total value of $88,614,418; of this coin- age, 278,924,354 pieces were made at Philadelphia; 45,789,728 "pleces were made at San Francisco and 47,457,200 pleces were made at Denver. “In addition, the mints - struck 16,676,000 pieces of foreign coin for Costa Rica, Guatemala, Poland, Vene- zuela, Peru and Salvador. “Of the domestic coinage, 249.427,- 000 pleces were 1 cent pieces; 52,428,100 pleces were nickels, over 41,000,000 pleces were dimes Bnfl 12,000,000 pieces were quarter dollars. New Liberty Bond Plans. The Treasury Department is pre- paring to announce plans next. week for refunding the second Liberty loan 4% per cent bonds called for maturity on November 15. Officials declined to disclose what would be the nature of the refinancing which will absorb the remaining $830,000,000 of outstanding bonds of the original issue of $3,225,000,000. Gleanings in Financial District. W. J. Waller, vice president of the Federal-American National Bank, has returned from three weeks' vacation passed at Greenwich, Conn., Staunton and Hot Springs, Va. ‘The Washington office reports that Garrit Fort, former vice president of the Boston & Maine, has been elected president of the Raymond & Whit- comb Co. During the war he was in this city as assistant director of the United States Railroad Administra- tion. Charles J. Brand, executive secre- tary of the National Fertilizer Asso- ciation; H. R. Smalley, also of this city, and Abram F. Myers, member of the Federal Trade Comumission, are among the speakers booked for the national convention to be held in At- lanta next week. H Sales on N. Y. Market. "..'l’:!,. 633.400 12 m.... -1.112.900- 1p.m..1,643.900 2p.m... 1,918,600 100 + nn?é"::?; o] 1."?&9_«. FINANCIAC. The New York Life Insurance Offers to Make First Mortgage Loans On Improved Real Estate in the District of Colun.bis and Nearby Suburbs in Montgomery County, Md., for 3, S or 10 year terms on your 510 v, Apply RANDALL He. HAGNER & COMPANY ncorpotated MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 , Company Apartment Home | WHY the MUTUAL BENEFIT? FOR ITS PAST—"Throughout its entire existence its management has sustained the highest ideals of busi- ness equity.” —Best's Ins. Reports, 1927. FOR ITS PRESENT—"The dividends render the cost of insurance remarkably low.” . —Best's Ins. Reports, 1927. FOR ITS FUTURE—Which Is guaranteed by its scien- tific management, its negative attitude toward doubt- ful experiments and its positive leadership in cone structive measures. This advertisement paid for by H. Lawrence Choate and Associates, 925 Fifteenth Street, Washington, D. C. Representing THE MUTUAL BENEFIT LIFE OF NEWARK, N. J. —affiliations afford a good index of his’ business standing. | “National Metro- politan” has fur- nished banking fa- cilities for Washing- ton’s outstanding citizens and business men ever since 1814, (-] Natl()flal —113 Years Old Metropolitan Bank Capital, Surplus and Undivided Profits, Over $2,000.000.00 15th St., Opposite U. S. Treasury" 3% COMPOUND INTEREST PAID ON SAVINGS FIRST STRONGER RECOM- MENDATION CANNOT BE HAD —than is in evidence in the con- fidence reposed in us by clients who invest again and again in our : 6% FIRST MORTGAGES Over a Third of a Century Without a ; Loss Their expectations are adequate- ly met, in the matter of income. Nor is there a single dollar’s dissipation or loss in the matter of the safe investment of the principal. B. F. SAUL CO. Main 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY HEN Hernando De Soto was push- ing his way through Florida, beset by difficulties of every kind, he was attacked by a band of Indians and after a desperate stand, dispersed the natives. Seven of them, cornered by De Soto’s men, jumped into a lake, where, in order to avoid capture, they swam con- tinuously for thirty hours. Their skill and endurance won the admiration of the Spaniards and their lives were spared. Reserve strength is an essential qunht;v to business organization, and the fact, that through fifty-eight years, Swartzell, Rheem & Hensey Company has built up a strong_surplus, provides for investors in their First Mortgages, a feeling of se- curity which can only come from the knowledge that their affairs are in the hands of a strong institution. This fact is a feat which should infllu- ence you when you are about to make your next investment. Fifty-Eight Years Without Loss To An Investor