Evening Star Newspaper, November 12, 1927, Page 26

85w TIN ANCIAL. 71 LVENING _STAR, . WA STINGTON, D. €, SATURDAY, WOVES O UP S0¢ ON STOCK MARKET - Cemand for U. S. Steel Is| Feature of Day—South- ern Leader in Rails. BY GEORGE T. HU h to The Star. again was on the side of ad all the gains were close, it was piain speculators h had turned to what they c. struct side. The feature of the day was the mand for United § cel. T this was ¢ in unfille the ince, not held that proi of two we fluctuated of the previous Independent with the lea large: Tron hiehem and 81 of the ¢ by other industr and mere disir Can and numerous sp: worth set a* re'v high 1 res, and so d spectacula of International red 10 the | .n“ml 10. In outhern bettering its above 141, In lieved new st rehold valuable improved perhaps h in South were achieved Baltimore Delaware and New some quarters Southern will make ing which will mon and i Atiant moderate turnov Eu’!\ with the s at gne time or an & Ohio, Chesap & lHudson, York Centrs ackawanna Markets at a Glance NEW YORK (#).—Stocks firm; In- ternational Harvester touches 241, rec high, then cts. Bonds quiet; week’s new ofierings, $108,000,000. Yoreign exchanges irreguls highest since 1914, guilde: ince 1919, Cotton lower; Southern selling. Suzar steady; firm spot market. Coffee dull; easier Brazilian market. Washington Stock Exchange SALES. Capital Traction 55—S1.000 at 102% . Potomae Elec, Cons, be-—31.000 at 102% . Washiogton Rey. & Elec. 45—S81.000 ai \ashington Rwy. & Elee. ptd—10 at 100, Disirict. National Bank—10 at Feceral-American National Bank—10 at Riczs National Bank—10 at 495, National Union ¥ire Insurance Co.—100 Columhia Sand & Gravel pfd.—12 at 102, 20 at 102,10 at 102 AFTER CALL. Lanston Monotspe—? at 103. BONDS. Bid and Asked Prices. PUBLIC UTILITY Bid. Amer. Tel 4 Amer; Tel, Georgets Potomac El Potwmac Ele Potomae Elec, Wash.. Alex. 2 Wash Alex :‘\n Ver_ctfs, Wash. Bait. & arber & Ross. hestnut Farm_ Dis Chevy Chase CI b C. Paner 65, . ot Toint Stowle Ld "Bk Bs. 100 ash. Mkt Cold St i Wardman Park Hotel 535 95% PUBLIC UTILITY . Tel. & Teica. “fraction pgton Gas & Wash S 1. Rw Waia. Hwy. & NATIONAL KNational Capital .. Columbia, Wash. L ank of Bethe Fomuerce & East_ Washing FIRE INSURA g:,m & P ommer & Unlisled Department. {These sccuritics not listed under Lxchange Asked gllh Capit, rihei Aric Sy Alei! Washu Pamwow sterling | Received by Private Wire Direct to The Star Office. NEW YORK STOCK EXCHANGE ‘ Abitibt Pow (5) \mnuwun Adv Rumley Adv Rumley of. Air Reductn(17) AJas 1ubb i | | | E *or Pow le & Lea. Ho 1 1240) ican leedz) Machite (2 no (3). »u!u) v EXp 16). epublic retyites ielting (8) Rpi). 1 Edys (3) nsve) Am W WKs AW A Woole | Archier-han 3). Rail-| Archi-Dan pt «7) ourDel pti7) Armouroflil(A) Armour L pE(7) Arnold Co Autostrap A (3) Baldwin L (7). | Baito& 0« Bambgr pt (6 Bang & A1 (318 ) | Bang & Ar pi(7) Barnet Leather. Barnsdl A(b2 i) Bayuk Cigars. eldiug Brus @) Best & Co (3)... Bethiehem Steel Beth St pf (7). Bloomingdale. .. Bon AmiCl A (4) Briggs Mfg Co.. UKlyn-Man (4 Brunswick B (3) Brunswick Ter. . BurnsBros pf(7) Burroughs Ad 14 Bush Ter deo (7). Butté Cop (50¢). Butte&Super (2) Byer & Co ot (7) By-Products (2). Calif Packg (4). Calif Petm (1).. Callahan Zinc. .. Calumet & Ar (6 Caiu & Hecla (2) Can Dry (*3%)., Can Pacific (10). Can Pac Ist pd.. vaseThreshe6) Century Rib M., Cerro del’as (15) Certain-Teed (4) Chand-Cleve. ... Chandler pti2%) Chase Nat B(13) Chi & Alton pf.." Ches & Ohio (10) C & O Corpn (3) . Chi Gt West pf.. Chi Mil & StP.,., M&SUPefs.. Chi & Nwn (4).. Chi Rock 18 (5). CRI&P ot (7). Childs (32.40)., Chile Co 12%).. Chrysler Cor (3) City Stores (B). Cluett I’eab (5). Coca-Cola (6)... Collins & Aik(4) Col Fuel & iron. Col & Southn (3) Col Gas & Kt (5) Col Carbon (4).. Com Cred (1)... Com Cred pf 6%. Com Inv (3.60). . Com InTr f 6% Com In Tr pf(7). Com Solvents(8) Com l'owr (2 Conde Nast(2). Zongoleuni-Nair SErs(taly) Sont Mont (¥0c) Corn i'r uba Cane Cuba Cane Curtis A pf (7). Frun Del L& W (073 Detroit Bd (8 { Devoeg It 1st(7) | Dodze Bros Cl A | Dodge pr (7). ! Dome Anes (1) ! buny e uf (7) an (1%)... > Axle (2) T AutoLY (1635) ilectric Boat. .. Llee Power & Lt Lt pf «7) zers nigmea) In&S10). Min pf (7)., 15 B2ubbe lerschmann (3) wtion Co. . ox K1hm A 4) | Freent-Tex 14% n3%) 1k Comerce f18. 5| 1 int (4, | Dagont (ra1gs Onen L 131% . 124 A4 ¥5) Brof (7). nCo Lst petT) e 215 er A tous! |n'||\1| Howe Sound (4) i ot () { Hupp Matc1.40). en (7). tep O (1) | Int Bus M | Int Cement ¢ i m(l‘ ment pfe7) |t Com & bt s e ter Har pt (7). tM1ch pf er Marine. er Mar pf. ickel Ul Paper (2 10) er pt (T) ver pl(7) el (6) niral. .. tros Tea. Kan City South. { >So pf (4). P Kayser J (1), Kelly T Kennec | | Lago VIt « { I} 1 Lima Loco (4) . Lig Carb (3 60). ! Loew's Ine 2). Loft. Loose- Wil 160) Loriillard Co .. Louisiana VIl Lonistiasa) i3) Ludium Steel(2) Mack Truck (6) Mackay ()., ad Sp Gar (1) agma Cop (3). Mand %) .00 Man ¢ Market St prior. Marland On Matnieson (4) Mathieson pt (7) May Dept S (4). Mexican Seab. . Miami Cop t1). M1d-Continent. . Middle States .. Mid States Ovi et { Midiand pf (112) | Miller Rub (2 Min St P & SSM. Mo Kan & Tex.. Mo K & T pf (6). Missourt Pacific. Missourl Pac pf. { Montana Pow «5 Montgmry Wd). Moon Motor. . slotor Met ¢ Motor Whi Mutiins Body Mullins BB pt (8) Munsingwe (3). Nash Motor(15). at Acie (Sta). at Bellas Hess atBHess pfi7). Nat Biscult( 7). Nat Cash R (A)3 Nat City Bk (20) Natt Dairy 3) . Nat Dept Stores Nat D St 1st@?). Nat Distitler® pam pt (7) Lead ' W pf (7)., 6% Nat ity Me . L) | Nat Supply F 9 at Surety (10). 2¥1'4 Nat Tea (4)..... 167 C1ig).. 6% ent (8).... 163% SLL (6., 1284 Lpf6). 107 61 b2l 2% v NI§ & Hart Y NH&H pf(7) NY Unt& W (). m ot 6) & Wn(i10) | Noram b10%stk North Pac (5)... Nor Pac cfs(b).. O Well Sup. . Opnhm Col (1) Orpl 1 jous 1 Mis Steed....... T OUS St prior 1) 674 Outler o 84 Oatlet ¢ 113 Owens Bot (C15) (9% Pae Coast2d pt. 21% ) 41 ) 1504 49% 10% | Panbandie pf. Parnn-am % Utan (X0c) iess Motor .. Hck & Word. . a KR8 1) aples Gas (K) e Marq (18). “niip Morris [ Puitips Cer (). crce Arrow of. Isbury (160, ers&it p . Serv NJ «2) Vol 6y S NS w7y tiuh SiLed preg) i Corp1). 5. 16 praty BakAs) €0 urity Bak ofe7y 1G9% Ao Corpor A 781, teading (15)... 108 obac B ( 1s & Co.. atlang pt fety Cable (4) 1(13) b Fi%) e 1310 204 904 i Union | Ward b: ting | Consotidat | the ik I G (2) tber The (5). imons (2) imms Peto tnelair O11 toss-Shel (6) fof (7). | Suider Packs Co So Por Ric Stf2) South Por pf(8). outh Ca it £d ou Dairtes 13, : . South ac (R)... 120% 121% outhern Ry (1) 110% 141% South L1008 100% 100% 6l 26% 264 Gl 61 6% 6ol 90 0 OCAl 2 53 A OILNY vw; Y01 60) lass pt. ' Prod 16 wart-War (6) 10 ubmatine Boat. noi g, terior Ol | Super | Tetan Tenn Cop Fexas Corpn () Fox Guif Sul (4) Tex & Pacif [ Pex POKO Tex Land Trst n {Phe e (2.40), Third Avenue ! The | Tidewatr As O Timken (15) . [IERIT Fobae Prod (7). 1027 103 Tobae Prod A (7) 1117 117 Transcont Of... K« Underwood (4). 6214 Un Bag &'aper. b (6). . tnio 10) JUACETSTCS0e st St pfi6) United Drug () ud Fruitcy 624 ributing 5 Hoffman (4) Alcohol (5). ther w i, ther A.. Leat prpfed) patty (4).. ibber. b 1St (8), eel (7). Steel pt (7). riv Leaf Tc iv Pipedr2 Ut P&t A e anadium (14).. Van Raalte pf. Vick Chiens 1 4) 5 5614 Victor Tlk Meh.. 45'% Vic pr ). 100'% Vietor prpt (7). 100 100 100 Va-Caro Chem. . K 11% Va-Car Ch pf (7) 6 Vivadou (3). Vulean Detin, Wabash.... Waldorf (1%) Ward Baking B. w7 Warner 'c A. .. Warren Bros (4) | WarrF&iipe Cor. Web & Heil..... | West Maryland. West Md 2d pt West Pacitic W Penn Bl pf West P I'0 pfi7 Westhse A 13(2) West Union (8). 1637 164 Westi e (40 NI B3N Weston 14 Weston A «2) White Mot (2).. White Sew Mach White Bagle (2) Willys-Overland Wilson & Co. . Wilson Couf A, Wilson & Co pf.. Woolworth (5).. Worthn Pump. . Wright Aero (1) Wrigley (13%). vellow Vel Tr& Youngstu ruck. nf ‘7) o1 tradinz less (han 100 Iy axira 1 olus 4% i stock Jumon shares in_cash o: Plus 1,50 auarter Iy ok 7 i stock tock. » Plus (i NEW YORK, November 12 With bonds (Speeial). clling on such a low s of income turn the most prom- group of securities for those who want a_conservative investment with about a b per cent return, is 1o up of the preferred stocks of X public _utilities and in- preferred rails are al- 3 levels with Atchison, Union Pacific, Baltimore & Ohio, Read: and Norfolk & Western all selling under a5 per cent b Southern Railway preferred, which pays a per cent dividend, is just over par. < 5 per cent prefer; fraction below par. Motors 7 _per cent preferred at 124 s per cent. re are a_number of the 6 and 7 per cent public utilities still below their call pr vhich a yield of bhetween 5% per cent is ilable. of the high- | hdust clling to yield | 20 to a § » cent basis. tock Market Averages. ay's advance the market ~ this month has recovered an age of about 9 points. This is than half the loss sustained October. The professional rted in again to put lines of stocks, believing advance has discounted the ment in the technical position {of the market and the two or three incidanis that have suggested better COTTON GOODS GAIN. W YORK, November 12 (Special). ton goods market today showed ittle more strength, though week end trade was quict. Print cloths of G4x60 construction were up an cighth of a cent at $3% and 68x72 were unchanged at 9 Raw e wmoderately active and fully MAIL ORDER SALES UP. NEW YORK, November 12 (#).— otal sales of 16 of the more fmpor- nt mail order and chain store com- inies for the 10 months of 1927 a 1ted ,020, a gain of $91.- 18, or over the mu: new e DIVIDENDS. Pe- Am Superpower A. (i din: Do. A.. 5 Jan! Do Jan. fo Pioiinin Do Tt bt ; - Gas & i 815 8 A$175 50¢ | | which included | week. | cent behind the same period a year J & Co., THOMPSON HEADS STOCK EXCHANGES Local Investment Banker Is Elected President of Na- tional Organization. BY EDWARD C. STONE. Thompson, representing the Washington Stock Exchange at the annual convention of the Asso- ciated Stock Exchanges at Cincinnati, W elected president of the organiza- tion for the coming year at the clos- business session late vesterday. tion is considered not only a ved tribute for the great amount h he has put into making new organization a Iso highly gratif! Eugene E the compa L but it s members of the local €x change beeause of the national recog- nition which comes to the exchauge here. The 11 exc Cleveland, tord, New Orle: ociation includes inges —Baltimore, Cincin Columbus, Detroit, I b5, Philadeiphin, Pltts: 1, St. Louis and Washington. It was organized about two years ago to further the interests of these smaller cschanges outside of New York. Thompson, who is head of the banking firm of Crane, attended all the » meetings and all the meetings hoard of governors of the tion nce its inception and S taken keen interest in every pro- national a NOVEMBER 1 Elected President EUGENE E. THOMPSON, Senior partner of Crane, Parris & Co., who was given high honors at the convention of the Associated Stock Exchanges in Cincinnati. He repre- sented the Washington exchange at the sessions just ended. SHRIVER IN PARLEY WITH RAIL CHIEFS Loree Believed to Have Insisted ssive step. Mr. Thompson is a.former presi- dent of the Washington Stock Ex- change and is now chairman of the hoard of governors. He is also a members of the Investment Bankers Association of America and holds a committee appointment in that body. The other officers who will serve with during the coming year includ M. Lauderman, St. Louis, Clark €. Wickey, ry and treasurer. W. and B. P. Sehoyer. ot PSB! rematn o the board of governors, while E. B. New Orleans, and Ralph W Detroit, last year's pre added to the board for two- year term: nk Clearings in Slight Drop. Bank clearings in Washington dur- the week ending November 10, holiday in all the in the city, because of the New York election. showed a ht decline over the previous week, the same being true of most of the other cities of the country. Clearings here totaled $26,373,000 against $27,530,000 for the previous They were also about 7 per broker oftic ago, according to Bradstreets sum- mary. Richmond clearings were more than 2,006,000 ahead of the previous week and also 113 per cent above the fig- ures of a year ago. Baltimore, hoy ever, had a much larger proportion- ate slump than Washington. Sterrett Co. Votes Dividend. The board of directors of Sterrett has voted a dividend of over per share of the preferred stock, payable on shares of record on No- vember 10. This company owns a sub- ock in the National urties Corporation, subsidiary, through the Yellow Truck & Coach Manufac- turing Co.. The Securities Corporation is the holding company for Sterrett Operating Service, Inc., of Washington and Metropolitan Distributors Inc. of .\0\& York. Both of these companies cly engaged in the truck a 0 business, and report E increases in volume and profits. Baum Leaves Mount Vernon Bank. -rasting of the board of di- Bank, held yesterdzy, the resignation of William um, vice president ind ca epted. Mr. Baum int>nds to acc position in New York. He ha connected with the bank since its organiza tmn in1 when he was elested i His dutics as vice pri sumed by Claude H. Woodward, exec- utive vic: president of the bank, and th: clection of a new cashier will prob- ably be deferred until the anaual meeting of iders in January. Buum's connection with bank the institution has pid expansion. akes Commerce Position. Chareles R. Seal of Washington has be>n named director of the Traffic Bu- ro u of the Bal !more Association of Commerce, Seal begins his duties December or the past nine years he has n attorney and examiner for the te Commerce Commission, and that was secretary to commis- As an examiner he has handled many important cases for the commission, his most recent investigation having Dbeen in Southern grain rates. New Federal Reserve Record. The largest volume of loans and in- vestments of Federal Reserve member banks, in the history uf the system Board an- 4,000, 000 over the The nounces t an increase of $1,370,76 Kebruary figure, the lowest of the vear. The increase was attributed largely by the board to growth in in- ecially in loans on Western Maryland Go to Pro- posed Fifth System. Special Dispatch to The Star. BALTIMORE, November 1 addition of George M. Shrive vice president in charge of finance of the Baltimore & Ohio. and A. H. Har- ris, vice president in charge of finance of the New York Central. and the Van Sweringen brothers to the personnel of the latest meeting of Eastern rail chiefs who are trying to work out a satisfactory plan for dividing territory east of the Ohio River, is regarded as significant in shipping and banking circles here. L. F. Loree also was present at the meeting, which w: tended by Daniel Willard, president of the Baltimore & Ohio: W. W. Atterbury, president of the Pennsylvania; J. J. Bernet, presi- dent of the Erie, and P. Crowley, president of the New Yorl k Central No definite agreement has resulted thus far, but it is intimated that a plan is being shaped. Conferences will be resumed next week, and there is talk of holding daily meetings until a plan is agreed on. nlt is understood that Mr. Loree in- sists that the Western Maryland Railway be allocated to his system. In the event that plam is carried out, it is likely that he also will buy the Washington, Baltimore & Annapolis Electric Railroad. thus giving his line entrance into the National quunl securities, zh part of it was due to the usual seasonal advance in commer and agricultural loans. Deposits of member banks also showed ar increase of more than a billion dollars over February, with the bulk of the increases being in demand deposits, and reserve bank credits reached the highest figure of the year at $1,213,155,000. Heard in Financial District. * Local brokers still are discussing \t‘{olnr(lu\ 's sale on_the New York Curb of 25 shares of Washington Rail- way & Electric common at 433, a drop of points from the lust New York sale, William A. Scully, resident partner of Wright Slade & has received rd from the governors of the three ew I3ngland States in the flood area that the tional Red Cross and the te agencies are supplying sufficient velief funds for present needs. Mr. Scully had offered to establish a re- lief depot at the Mayflower where his offices are located Chairman H. W. Burnside of the Institute Forum committee, is greatly pleased with the number of advance reservations for the first forum of the on_to be held at the Raleigh next Thursday evening. It appears quite proable now that previous attendance records will be smashed. - Have You Been Stung Yet? Some men have to get stung good and hard before they learn to be cau- tious L. makinz investments. Before v ou | cest—investigate. COPPER OUTPUT UP. NEW YORK, November 12 (#).— October output of reflned copper in \OI th and South America increased to short tons, from 119,100 tons ptember and 119,736 in August, the American bureau of metal statis- tics repgrts. Stocks of refined copper at the end of the month were 83882 tons, against 86,493 the month before. Shipments in October were 127,538 tons against 126,261 in September. Pri- mary copper production in the United States in October amounted to 68,828 tons, compared with 65,936 in Septem- ber and 67,248 in August. CANADA CROP REPORT GIVES WHEAT BOOST Liquidation and Stop-Loss Selling in Corn Effect Lower Prices in Chicago. - BY GEORGE C. SCHNACKEL. Special Dispatch to The St CHICAGO, November opened sharply higher today the bullish Canadian government crop estimate. This report indicated a yield of 418.000,000 bushels in the three western provinces. or 14.000.000 bush- els smaller than the previous estimate. There was general commission house buying and short covering. After the first half hour Ur cember sold at 1.27 March, 1.31; ) 1337, There was g\'m liquidation and stop-loss selling in corn, due to the bearish gu\mnmo.ll crop report of which effected lower price december. 83%2; March. 87331 Oats were easier with cor ber, 4! March, 50%4: Ma, Provisions were slightly Baltimore Markets BALTIMORE, November 12 (Spe- cial) —White potatoes, 100 pounds, 75a 1.75; barrel, 1.2523.00; sweet potatees barrel, 1.25a s 2.00; beans, 100, 3.00a4.0 10a20; cabbage, flower, crate, 1.50a3.00; carrotes 108) 0a3.50; celery, crate, 00: kale, bushel, 2: lettuce, crate, 2.00a5.00. Onions, 100 pounds, 1.00a1.75; pep- pers, basket pumpkins, 100, 10.00a20.00; basket, 40a50; spinich, bushel, avoy cabbage, bushel, 23a35; tomatoes, crate, 1.50a bushel, Apples, basket, 35a75; barrel, 2.50a 00; grapes, basket, 18a20: grapefruit, 3.00a4.25; oranges, box, 3.50a5.50; pears, bushel, 50a1.00. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, export, 1.36%;: No. 3 red Winter, exporit, 1.337%; No. 2 red Winter, garlicky, ex port, 1.36%: No. 3 red Winter, gar- licky, export, 1.33% Corn—No. 2 ,\'ollu\r, domestic, 1.00a 1.02; cob corn, old, 4.90a5.00 per bar- rel, nominal. Oats—No. 2 white, new, 5815a59; No, 3 white, new, 57%:a58. Old oats selling at 2 and buchel over new oats. Rye—Nearby, 90a1.00.. Hay—Receipts, 23 to New hay is arriving in only limited quantity. It is, therefore, not being officially ed and sells strictly on its merits, within range of 14.00a16.00 a ton, timothy and clover grades. Straw—No. 1 wheat, 11.00a11.50 per ton; No. 1 oat, 13.00a14.00. Dairy Farm Products. Live pcultry—Turkeys, . pound, 38a 43; Spring chickens, 27a28; leghorns, 24a25; poor and thin, 18a20: old hens, 22a27; leghorns, 17al8: roosters, 15a 18; ducks, 23a25; small and poor, 17a 18: geese, 20a26: pigeons, pair, 20a30; guinea fowl, each, 40a1.00. Eggs—Receipts, 1,467 cases: native and nearby current receipts in ‘free :gs@s‘ dozen, 45; strictly fresh, dozen, Butter—Good to fan creamery, pound, 46a50; prints, 50a52; blocks, 49a51; ladles, 37a38; rolls, 34a36: store packed, 34; dairy prints, 34a36; pro- cess, butter, 41ad2. PLANS STOCK BOOST. NEW YORK, November 12 (P).— American & Foreign Power Co. has notified the Stock Exchange of a pro- posed increase in authorized capital stock, comprising 900,000 shares of pre- ferred; 500,000 shares of $6 preferred; 2,000,000 shares of second preferred, series “A,” and 10,000,000 shares of common stock. all o pa REPRESENTATION WANTED BY CASUALTY INSURANCE AGENCY Write_full particulars in reply. Strictly confidential. A Box 459-K, Star Office. FINANCIAL. COTTON DECLINES Realizing and Southern on New York Selling Offset Early Gain. By the Associated Press. NEW YORK, November 12.—The cotton market opened steady today at unchanged prices, to an advance of 7 points on overnight buying orders terday. Buying also was reported on Iow temperatures in the Southwest, but demand was not active and prices soon eased under realizing, combined with Southern and local sellins. After selling up to 19.94 at the start, January declined to 19.74, the generai market showing net losses of 14 to 16 points at the end of the first hour. ing and covering in the Liverpool market, owing to an improved tech- Offers + Oo Improved Real Estate Apartment Home 1321 Connecticut Ave. INBRIEF SESSION brought in by the firmer tone of yes-|Creamery Private cables reported Bombay buy- nical position and the predictions of a cold wave in the cotton belt, prices casing later under hedging and lqul- » dation. The amount of cotton on shipboard awaiting clearance at the end of the week was estimated at 168,000 bales, against 250,000 last year. POTATO MARKET DULL. CHICAGO, ovember 12 (A).— Potatoes—Receipts, 152 cars; on track. 476; total United States shipments, | 911 cars; demand and trading very slow, market dull; few sales; Wiscon- sin sacked, round, whites, 160 to 1 few fancy higher; Minnesota, Norta Dakota, sacked round whites and Red River Ohios, 1.50 to 1.60; mostly. 5 : Idaho, sacked rus- sets, 1.75 to 1.90; fanc partly gmded 1 BUTTEE IS HIGHER. CHICAGO, November 12 Butter higher; receipts, extra firsts, 36a38 cases; w).— 12,640 tubs. andards, 45 40a42; sec Eggs higher; receipts, firsts, 3%ae3l:; seconds, extra onds, 4,950 a35. BARNSDALL STOCK. NEW YORK, November ®).— The financial district hears negotia- tions ars in progress for the private sale early next week of a block of Barnsdale Corporation stock and a large amount of warrants to subscribe to the stoc The New York Life Insurance Company to Make First Mortgage Lbans in the District ot Colun.bis and Nearby Suburbs in Montgomery County, Md., for 3,5 or 10 year terms oo your 51,0 Apply RANDALL H,- HAGNER & COMPANY Incotpoiated MORTGAGE LOAN CORRESPONDENT Telephone Main 9700 Over a Third of a Century’s Experience Main 2100 B. F. SAUL CO. Getting Tenants for " Apartments —is only the beginning of our rental manage- ment service. Our at- tention covers all details essential to keep apart- ments both filled and operated to the best pos- sible annual income re- turns. Consult us. 925 15th St. N.W. for LOANS on and Prince Geol App COMPANY 1001 15th Street N. second Loan. partment will be nerative qualities Notes secured by National Capital. your investment 1435 K St. Nw. APPLICATIONS INVITED IMPROVED PROPERTY Located in the District of Columbia and adjacem Suburbs ir Montgomery 5%2% INTEREST H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE rges Counties, Md. 'y to of AMERICA W. Main 6888 NVESTIGATE BEFORE YOU INVEST! RESERVATIONS are now being made for those who will have available funds. at the maturity of their Liberty Bonds issued in the Our Mortgage Invesiment De- glad to tell you of the safety and the assured remu- qf First Mortgage Real Estate in the For years now, the safety of in Liberty Bonds has been unquestioned. Continue to enjoy Investment Satisfaction. Investigate before you Invest. SHANNON & LUCHS, Inc. Main 2345