Evening Star Newspaper, November 15, 1927, Page 15

FINANCLIAL, WRIGHT. SLADE & CO. MEMBER New York Stock New York Cotton Chicago Board of Tra hange ance de Stocks and Bonds Bought and Sold for Cash or Carried on Margin Connecticut Ave. at De Sales PL Telephone Main 1581 [svesTment Banker Woodward Building Washington, D. C. Main 2000 Money to Loan Securea by first deed ol trust ““mr\‘&ml‘ :I‘ Prevarling S v Bosech 1 WETle Bank Stock Trust Shares 30 of the | y which sl nnum for nz banks of A profit of vetiod of ten ervative tment fs upon request vision Full part. '|JAMES B. COCHRAN CO. ;;I 1010 Vermont Avenue Washington, D. C. S We Will Finane | Your First Trust Loans To Run 5 Years No Curtail 5%% Interest Wm. H. Saunders Co., Inc. Founded 1887 Main 1016 1433 K \ — LOAN 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. - REINVEST | Your 'LIBERTY BOND § Funds | ! i H 619, Guaranteed Insured Mortgage Principal and interest guaranteed by a strong in- dependent surety company. lease send me more_information || P about Insured Mortgage Bonds. Name FEDERAL Security & Mortgage Co. 1412 K Street N.W. Washington, D. C. ¢ the present attractivs on your investment Preferred stock of Gas & Fuel Co. ness organiz in America. The Comp: earns more than five times as much as the t required for its Pre- ferred stock dividends. Send for full information about this sound investment Please send me full informa- tion regarding this security. is a Preserintion for Colds, Grippe, Flu, Dengue Bilious Fever and Malaria It kills the germs, GOVERNMENT BOND LIST IS FEATURE Industrials Quiet and Irregu- ! lar—Some Concessions in High-Grade Rails. star, BY CHAR PEARE. al Dispatch to The NEW YORK, sidering the amount of the which they have already en, return which they vield, the ther rise toda ed States rnment bonds was the feature of nvestment market Liberty 4 in the Tr 15.—Con- lvancs ved and wember ere firm, but it notes that the the most pro- The 414s and the former to ter to 110. The and the 3%s at m below a 3.20 | most a | nounced | the d4s demand for than the old is one of the 'r who is dealing all clients. He finds 3 ond’ Liberty .5, while con hoa small re. !turn during the life of the bonds, now looks for at least 5 per cent, and in 15 to 6 per cent The difficulty of meeting these re- quirements is obvious. The outlet for probably go de of honds, s unfortunate, though a con- siderable amount of it is being directed into high od stocks which ill cd to yield he- 't bonds afforded | problems of t with numeror that the hold here were son ket today for th i honds, « but even hi; | fore'in a long 1 that are alr farea betwe | mand_also ¢ of 5 per cent is: L v selling in the price and 115. Some de- veloped for the 3% per | cent issues still selling at a materia discount and for 4 per cent bonds of credit railroads. More tha nal activity took in Baltimore & Ohio 414s at bond is lezal New Yor attractive fo place This e and spite of the d onds were quicter and irresular. The decline in Armour 5% |carried them to a level approximately 110 points under the best of the year, Goodyear 5s were at the lowest on | this movement. There was quite a; ihvzl‘:} activity in Remington Rand 5%s at 94, In the foreizn group the decline in | German Centr : %s acted the Argentine group was stead- ier and Italians lower. |Washington Stock Exchange ALES, n 00 at i ¢ arber & Ross i4s—S$500 at 97, $2.000 56" JoSapital Traction Co—5 at 108%. 10 at ;.’;‘:f,m_ Electric 6s pfd.—10 at 11 Electric 538 pfd.—10 at 107% r & R at ional Mize. & Invest Sanltary Grocers: pid-—5 At 1 AFTER CALL. as Bs “B"—$200 at 104% . 2 at 108%, 10 at 10 at 6% . Washinzton Cavital Tr; 108%. 10 a Monby—Call loans. 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Asked & R a'& Pot i u: Anacosti i & P Telaphona Tel. of V: 2. Potomac L 6, Alex. & M Alex” & M Balt | Barber & Ross ‘Ine. | Chestnut Farm_ Dair: Cheyv Chase Club b T R e Toint Stocie” T “Bic Bs. 100 k. Mkt. Cold Stor. s, Wardman Park Hotel 5356, STOCKS. PUBLIC UTILITY. & Te “com) 4 vid. 100% . 450 130 151 Rank of Bethesda.... | Commeree & Savings. sast Washington . | wash | whin ASKS HIGHER RATES. €., November 15 (). he Norfolk Southern Railroad has petitioned the State Corporation | Commission for increase in intrastate class freight rates, joining 17 other trunk line roads secking higher rates. No hearing date was set by the com- mission for consideration of the majter, L Of 83 aliens to whom naturalization certifizates were issued in Great Brit- ain recently, Russians, numbering 39, headzd the lst numerically, INING STAR, WASHINGTO! UNITED STATES. (Sales are (n $1.000.) Sales. High Low. 73 101 21 10116 103 16 103 12 Lib3% Lib3d 4Y%s Lib4th 4Ys US 3% 43-47 US3ys. US 481044, 2 US4%s52. 106 23 109 30 1152 11430 FOREIGN. Sales Hich 1 90% 99%, 99 Low Argentine5s...... 90% Argentine 6s Jn 69. Argentine 65 Oct59 7 Argentine s A 34 100 | Argentine 6s B 99% | Australia 55 19 3 93t Australia 55 1957, Austria Ts........ Bank of Chile 61;s. Relgium 6s. Relgium &1s. .. Belgium 7s 1 Belgium 7s 1956 Belglum 7%s | Belzium 8 Bolivia 8s. Rordeax fs. Brazil §%s Rrazil 7s Rrazfl 8s. . Rremen. State. 7x.. Ruenos Afres 7s 57 Buenos Aires s 58 Canada 53 1921...., Canada 5s 1 . Canada 5% 1929, Chile 751943 . | Chile 85 1941 Chile 8= 1946 Chinese Gov Ry | Con Pow Japan 7s. | Conenhagen 5set.. 106% 4 100% Danish Mnnie 8s A Danmark 6s. ... E1 Salvador Rs 48 Finland s f 6s 45 Finland 7s.. Framerican T German B P 615, German 7s.... Rer Gen Elee 7 Greek 7s Hait! fs Ttaly Pub 7s. Japanese 4s. Japanese & . Terzens U M 63 Lvonfs... .. Mexico 4510 asntd. Mexieo fs asntd. Milan 6%s. .. Montevideo 7s. ... Netherlands fis 54 Netherlands 6s 72. Nord 6%s Norway 5 Norwav fia 1943 Norway 6= 1044, Norway 651952, Orfent Dev deh 6s. Paris-Ly-Med 6s. . Paris-Ly.Med 7= Paris Orleans 7s... Polandfs. ... Queensland 7s. Rhinelbe Un 7s.... R10 de Jan 8s 1946. Rio de Jan Rs 47. Rio Gr Do Sul 8s Rome 618 ... Sao Paulo City S0 Panlo 8= 193 Sao Panlo 1950 Saxon (PW) 7s Seine 7s 42. . Serbs Crot Slo 8s | olssons Bs. Sweden 538, Sweden fis. Swies 5142 1948 Swiss Confed Rs. Toho Elec Pow Ts.. Toklo 5s..... Tolkio 5155 1961 Utd Kingm 5148 37 7td Steam Copen 6: 1 Yokohama As wi.. 2 20 7 9415 T 94% MISCELLANEOUS. Ajax Rubber8s..,. 1 107 Am AgriChem 7i$ 12 1044 AmSmit & R 1st 68 29 102% Am Smit &R 6s. 5 108% Am Sugarref fs... 4 1056 AmT& Tel trds.. 31 Am T & Tel tr6s AmT & T sf 53 Am T & T deb5%s Am Water Wks 5s Am Writing Pap Anaconda 1st fs. Anaconda ev ab 7s. Andes Cop 78 rots. Armour&Co 4148 39 Armonr Del 5%, . Assoclated Ol s Atlantie Refin 5s.. Barnsdall 6s 1940.. Ball Tel Pa s B. 1054 9% Beth Steel rf 5s... Beth Steel 5%s 53, Beth Steel 6s...... Bklvn Ed gen 5s... Bkiyn Union 5%s. Bush T Bldg 53 60 Central Leather 6s. Chile Copper 6s. Con Coal Md 1st 5s. ConGas N Y 6%s.. Consumers Pow §s. Cuba Canacv 7 Cuba Cane cv Det Edison 5s 40.,. Det Edison ref 6s.. Dodge 63.... . Donner Steel 7s. ... East Cuba Sug 7%# Fisk Rubber 8s.... Goodrich 6%s. Goodyear §s ret: Hershey §%s Humble Oil 5s. 2 Humble O & R 6%s 3 Illinois Bell 1st bs. Indiana Steel 6 Int Mer Marine 6 Int Paper bs 47 Int Paper cv 6s. Int Paper cv 6ssta 13 J Kayser & Co 5%8136 Kan CP&L 6s A 52. Kan G & El 6s 652 07 105, 105% 10: Laclede G 6%s862. 4 105% Liggett & Myers 58 2 105 Liggett & Myers 1123 Loriliard (P) 6s. 1 981 LoulsvG & E6s52 6 104 Mid-Con 6%s 40... 3 105% Midvale Steel 6s... 10 100% Montana Pow 6s... 4 103% Mor's & Co 1st 4%s 12 86% New Eng Tel bs. 1 106% N Y Edison 6s 44 12 108 NYGELH&PSs. 2 109% 3 1011 . 42 109% « B 111% 17 101% | NorOhlo T & L fs. 7 101 Nor States Pow 6s. 1 105% Pac Gas & EI b 9 10274 PacT & T 1st 68... Pac T & T 68 62. Pan-Amer Pete 6s. Pan-Amer Pete 7s. Peoples Gas 5s. Phila Co 6% 38. PhilaCorf6sA... Phila& RAC & 168 12 102 Plerce-Arrow 88... 1 Plerce Oil deb 8: Public Service 5 Public Service €s. . PServGas6%869 8 105% PServGas5%s64 10 105% Punta Alegre 7s. .. | Remington Arms 63 1 9814 10313 105'% 104% 106% 105% 105% 106% Standard Ol N J 83 56 10414 Sug Bast Orlent7s, 1 100 103% 100 Close. 101 21 103 13 100 30 ~104 102 107 10¢ 151 5 20 ' ON NEW YORK BONDS STOCK EXCHANGEI Raceived by Private Wire Direct to The Star Office 'Sales. High, Low. Close. Tenn Elec Pow 6s. ‘Toledo Edn 1st 7s. US Rub1strfbs.. 3 US Rub 7%s...... U S Steel sf 6s. Utah Pow & Lt 5s.. Vertientes Sug 7s.. Warner Sug 7s 39.. West Elec 63...... Westn Union 6%s. Westinghouse bs Willys-Ov 618 33. Wilson & Co 1st fs. Winchester A 7148, Atlantic C Loel 4s... Atlantie C L 1st 4s. Atl & Dan 1st 45 48 At] & Dan 2d 45 48. Brdwy & 7th AV 5 Bkivn Manhat 88 Buff R & Pitt 4%s. Can Nat 41%s54. Can Nor 41;s | Canad North 6%s.. i | Canad Pac deb ¢s Can Pac 4%s 48 Car Clinch&O 6s 52 Cent of Ga 63 v Cent Pac 1st 53 9 Chesa Corp 5s w1 Ches & Ocv 4%s. | Ches & O gn 4143, Ch! & Alton 3s... Chi & Alt 3%sctfs Chl B & Q gen 4s 63 CB&Q4%s77B.. Chi B&Q 1st rf 5s. CB&Q-1113%s. C B & Q-1 div 4s. Chi & I3 111 gn 58 51 i Ch1 Gt West 4 C M&SHP 45 25 of 1.& St P b 4s ¢StP deb 4s cfs CM&StPgn8). . 93 [CM&StPre4? 104Y% 102% I CM&SPrf 4%secf.. CM. CM&StPés Ch! & NW gn 87, Chi NW 4145 2037, Chl & NW ref 5s. Chi R1&Prf4s.. CRIPac4is wi. 4 ChiTH&SEbs.. Chi T H inc 6s 60 Chi Un Sta 4%s Chi Union Sta 6s Chi Unlon Sta 6%s. Chi & W Ind cn 4s, C&WISlafs.,, CCC&StL4%:s CCC& St Lbs, . ¥ CC&StLrf6sA. lev Term 5: Clev Term 518 C&S1st4s29, Cuba R R Tls. Cuba Nor 5% scts Del & Hud 1st rf 43 Del & Hud 535 Del & Hud 7s 30 Den & Rio G cn 4s. Den&RIoG 4%s 36. D Rio G West 5s. Erle 15t cons 4s. Erfe gen 4s Erfeconv4sA.... Erfeconv4sB.... Erfe cvt 58 67 wl. . 19 Erle & Jersey 6: FlaEC5s 7 Gr Trunk std Gt Nor 4% 76 D.. Great North 4%sw' Gr Nor gen 7s . Gurf Mo 55 B 50. Hocking Val 4%;s | Hud & Man rer bs. Hud & Man af 6s. Int Rapid Tran Int Rap T'r bs st } int Rap Tran Int Rap Tran 7s Int Gt Nor 58 1956, 2 Int RysCA 63 72.. 4 | Int Rep C Am 6s 41 Kan City Ft S 4s. | Kansas City S 6s. + | Kan City Term 4s. 165% 100 103 9 105% 104% 100 Lake Shore 45 2., | Lake Shore 4s 31. . Lehigh Val 552003 Louts&Nash uni 4s { L &N 41558 2003 | Louls & Nash 7, Man Ry 18t 90..... Market St 7s 40... Mil Bl Ry & L 5351 Mil 1 Ry & L 6s 61 M St P & SSM cn 48 MStP&SSM5s38g1a I MStP&SSM5%s M St P&SSM 6%s MK &T 1st 4s. |MK&Tadss {MK&T prin 6 Mo Pacific gen 4s. Mo Pac 53 A 65. Mo Pac 58 F' 7 7 Mob & Ohio 4% 7711 Mont Trm ref 58 41 Nassau El4s61 NOT&Mb%s. N Y Cengen 335., NYChI&StL 6%sA. NYChI&StL 6% sB. NYC&StL6sA. NY N Hav& H 3348 NY NH&H db 48 57 NY NH&H cv db 6s NY N Hav&H clt 62 NYOnt Wist4s.. NY O&W gen 4s 55 Norfolk & W cn 4s. Nor Pac 3s 2047 Northern Pac 4s. Northern Pac r § 68 Ore Short L rfs 4 Ore Wash 1st 4s. Pennsyl gen 4%s Pennsyl bs 6 Pennsyl 6%s. St L IM&S 48 29 StL 1 M&S gn 6s 31 St L IM&S R&G 48 StL&SFpl4sA. SB All Fla 6335 A, Sou Pac 4s29..... Sou Pacific clt 45.. Sou Pacific ref 4. Sou Ry gen 4s. Sou Ry 68 66, Southern Ry 6%s. Sou Ry Mo & O 4s.. Term Asso S L 4s.. TexArk FS 6%8 soo Un Pac 4%s Unlon Pac ev Virginia Ry 1st 68, 16 5 1 8 1 1 1 16 1074 08% 93 03% 09 01% 100 Youngstn S&T 6s.. 36 RAILROAD. Atchison zen 4s... 111 6 0 6 Int Ry C A 6%srect 3 1 8 8 61 6 1 & 105 01% 09% 1074 108% 92% 103% 108% 101% 99% R/5% 103% 112% 104t 102" 1015 106 107% 108% 92% 103% 1087% 101% 100 26 103% 112% 1047 102% 1017% 106 105 93% 9 1044 105 109% 102% 1 105 @ 100 1043 110% 108w 99% 10674 109% D. C, UTLOOK BETTER INSTEEL INDUSTRY Rail Orders Trickling in and Foreign Cartel Cannot Maintain Low Prices. BY J. C. ROYLE. Special Dispatch to The Star. 3W YORK, November 15.—There are approximately 40,000,000 gross tons of ore at furnaces and Lake Erie dogks today. This compares with 37, 000,000 tons a year ago and there is no indication that shipments will be rushed to beat the close of navigation on the upper lakes However, the condition of the iron and steel mills is regarded as thoroughly sound and it is probable that a greater number of men than usual will be retained for Winter work on the great North- western iron ranges, The Oliver Mining Co., a United States Steel subsidiary, will maintain 10,000 men at work and the other ake Superior mines will hire an equal number. The steel business is re - tering moderate improvement. Thi is being shown in the number of or- ather than in the size of the but the trend shows the bu ness is there and mills nowad: prepared to handle a large quantity | of small shipments without disa ing schedule: Rail Orders Coming In. That backbone of the business, the rail orders, are commencing to trickle in. But even more encouraging than these orders has been the discovery that the European rail producers, members of the steel and iron cartel ave been unable to maintain th which they quoted last season, which they took some impor- tant orders, and are now quoting what is pretty nearly the equivalent of the figures named by the American pro- e The New York Central rail orders is believed to approximate 175,000 to 180,000 tons, but no small amount of this will g0 to the Carnegie Steel Co. The structural steel producers have found orders coming in more freely owing to the favorable weather condi- tions in some parts of the country. The cil industry is slowly beginning to drag itself from the slough of depres- sion and the Standard Oil Co. of N Jersey is buying 150,000 tons of pipe for the Prairie Gas & Oil Co., which will b2 used on a 400-mile pipe line trom Amarillo to Denver. Nut and Bolt Trade. The nut and bolt plants of some listricts have slumped to around 50 per cent of capacity operations. There are some large orders hovering around, but, as in the case of rivets, they can be lured onto the books only by a concession in prices which the “little fellow” is unable to command. Tin plate operations are fairly active, but buyers claim that some of them have secured concessions in price. The can manufacturers are almost universally declared to ve improved their posi- tion. The heavy carry-over of 1926 pack is alleged to haye been disposed of. Sugar is at a lower price range than nearly any other food commod- ity, but the canners are not ordering in volume. This policy is dictated to some extent by the fruit crops and also by the fact that they have come to have a horror of “carry-over.” The trend is clearly indicated by reports from the steel jobbers of the Pittsburgh district. They say the or- ders received in the last 30 days are more by 100 than for the previous 30 days, but that the tonnage involved is considerably less. This means, they say. that the small buyers have com- menced to come into the market and that a turn for the better is in pros- pect. Feeling Ford Orders. Steel companies in the Youngstown area are reported to be feeling the ef- fect of the opening up of Ford produc- tion. Henry Ford seems to have again struck the psychological time for plac- ing of orders for materials. It is re- ported steel specifications for a large number of his new cars are to be awarded shortly. Youngstown Steel and Tube is operating its Mahoning Valley plants at 60 to 65 per cent and its Chicago mills at nearly the same rate. New equipment and new methods are making themselves felt. The new billet and rod mill of the American Steel & Wire Co., at Worcester, Mass., is expected to produce wire rods more rapidly than any other plant, reach- ing a rate of 4.200 feet a minute. A daily output of 2,200 miles of wire will be maintained. . INDIAN REFINING. NEW YORK, November 15 (#).— Stockholders of Indian Refining Co. have approved authorization of ot more than 35,000 shares of 7 per cent cumulative preferred stock, $100 par, to be issued by directors at their dis- cretion, but only in exchange for pres- ent preferred, on a share for share basig, with a fraction of new pre- ferred eqaal to the accrued dividends on the old preferred stock. On De- ecmber 15 this accumulation will be equal to $42 a share. An fssue of $2,500,000 in bonds secured by a mort- gage on the company's property was approved. - LEAD OUTPUT GAINS. NEW YORK, November 15 (#).— Production of lead in the United States and Mexico in October was 80,483 short tons crude, 73,913 tons of refined and 1,976 of antimonial, against 76,601 tons of crude, 71,345 tons of re- fined and 1,066 tons of antimonial in September, the American Bureau of Metal Statistics reports. ~Stocks of re- fined lead on October 31 were 31,780 tons, against 37,245 the month before and 43,189 at the end of August. Va Ry & P §s. Wabash 1st 6s Wabash 5s 76 B, Wabash 6%8 76... West Maryland 4s. 37 101% 100% 101% 2 105 1047 104% 103% 103% 1037 107 106% 107% 864 102% 1 100% Wis Con gn 43 49.. 28 88 SPECIAL DEPT. FOR LADIES SAFE DEPOSIT BOXES . (LI LE 1] nin, TRUST DEPT. OLDEST Natl. Bank In District of Columbia 0 COMPOUND INTEREST PAID ON SAVINGS TUESDAY, NOVEMBER 15, 1927. VALUATION RULING ON ROADS IS SOUGHT Kansas City Southern Asks Su- preme Court to Interpret Act. Argument Next Week. By the Associated Press. The Kansas City Southern Railway asked in a brief filed in the Supreme Court yesterday for an early inter- pretation of the railroad valuation act in a case appealed by the Govern- ment. The case will be argued next week. The Tnterstate Commerce Commis sion was restrained by the Federal District Court for western Missouri from using the valuation it placed upon the Kansas City Southern and affiliated lines for rate making pur- 0: P alleging “the supreme importance to the commercial, industrial and transportation interests of the coun- try” of such a decision, the railroad urged the court to give “a final inter- pretation of the lawfulness or unlaw- fulness of the construction now being placed upon it by the commission in its manifold administrative work Tointing out that the commission had heen restrained from using a $49.: 000,000 valuation placed upon its prop- stead of the $80,000.000 which ts true value, the railw: « cision which would tor all time decide what the commission could do in the way of placing values upon railroads. The railroad also asked what the com mission must include in such valua- tions. The briet asserted that the Govern- ment in 14 years' work of valuing the raflroads had spent more than $30.- 000,000 and the carriers more than £95,000,000 and that at the end of 1926 only Gl per cent of the work had | been completed. The Kansas City Southern's brief challenged the Governmgnt's contes tion that the issue presented had | been decided by the Supreme Court| in the Los Angeles case, when it re- fused to set aside the commission’s valuation. BALTIMORE, November 15 (Spe Al)l.—White potatoes, 100 pounds, 75a 3.00; sweet potatoes. yams, barrel, 1.50a 1.50a2.00;" bee 1s sprouts, quart 2.00a24.00; cauli- carrots, 100 2522.00; Kale, | 00a5.00; | 5023.50; Brus cabbage, 100, ate, 1.50a3.2; lery, crate, a30; lettuce, crate, onlons, 100 pounds, 1.00a1.75; peppers. basket, 20: ; pumpkins, 100, 10.00a .00; parsnips, basket, 40: pinach, bushel, 35a90; Savoy cabbage, bushel, 25035; tomatoes, crate, 1.50a2.50. Apples, basket, -35a75: 5.50; cranberries, box, 2 ¥ ket, 18220; grapefruit, 0; oranges 3.50a5.50; bushel, 75a1.00. Hay and Grain Prices. Wheat—No. 2 red Winter, 1.37%: No. 3 red Winter, 1.341;; No. 2 red Winter, garlicky port, 1.36%; No. 3 red Winter, gar- export, 1.33%. | Corn—No. 2 yellow, domestie, 1.02; | cob corn, old, 4.90a3.00 per barrel, | nominal. i Oats—No. 2 white, new, 58%a59; No. 3 white, new, 571 Old oats selling at 2 and 2% bushel over new ! oats. Rve—Nearby, Ha Receipt: box, pears, export, 90a1.00. 4] 21 tons. New hay is arriving in only limited quantity. It is, therefore, not’ being officially graded and sells strictly on its merits, within range of 14.00116.00 a ton, tim- othy and clover grades. ! aw—No. 1 wheat. 10.00a11.00 per ton; No. 1 oat, 13.00a14.00. Dairy Farm Products. Live poultry—Turkeys, pound, 35a 43; Spring chickens, @ Leghorns, 24125, poor and th old hens, z2: roosters, 15a 11 and poor, 17a18* geesa, 20a26: pigeons, i 20a30: guinea fowl, each, 40 ggs—Receipts, e and nearby cui receipts free ., dozen, 45; strictly fresh, dozen blocks | store proces: DIVIDEND OMITTED. NEW YORK, November 15 ().— Directors of Remington-Rand, Inc., omitted the quarterly dividend of 1 per cent on common stock and 40 cents cash, heretofore paid on the common stock. Regular quarterly dividends of $L.75 on the first preferred and $2 on the second preferred were declared. B. L. Winschell, chairman of the board, said third quarter earnings were equal to 19 cents a share on the com- mon after preferred dividends. The affairs of the company were in sound condition, he asserted, as disclosed by the balance sheet of September 30, current assets being 7 times current liabilities. WILL SPEND HALF MILLION. NEW YORK, November 15 P).— | Receivers for the Chicago, Milwaukee & St. Paul have been authorized to spend $500,000 for improvements. . C. &O0. MEETiNG DEFERRED. NEW YORK, November 15 (#).— Owing to lack of a quorum, the meet- ing of directors of the Chesapeake & Ohio scheduled for today has been postponed. | HOUSEHOLD PRODUCTS. NEW YORK, November 15 (#).— An extra dividend of 50 cents a share has been declared by Household Prod- ucts, payable Janu: 3 to stock of record December 1 A year ago a similar dividend w authorized. CALLS PREFERRED. NEW YORK, November 15 (#).— American Encaustic Tiling has called for redemption on December 31 one-half of its outstanding 8,900 shares National Metropolitan Bank Capital, Surplus and Undivided Profits, Over $2.000,000.00 15th St., Opposite U. S. Treasury of preferred stock. 5:30 P.M. TODAY —for the special con- venience of the many departmental employes and others who are pa trons of OUR SAV- INGS DEPT. fOne Dollar or more will open a savings ac- count, Organized in 1814, —113 Years Old FINANCIAL.' commRENTAL AGENTS == Are you satisfied with the income you are receiving from your apart- ments? This firm with its expe- rienced Rental Department is pre- pared to serve you in the most eco- nomical and profitable manner. Rental Department V/EAVER BRO REALTORS 809 15th St. N.W. Main 9486 REDEEM YOUR SEcoND LiBERTY LoAN BoNDS AT ONCE THE above bonds having been called for redemption on No- vember 15, 1927, ceased to bear in- terest after today, and failure to present them for payment will re- sult in loss of continued return upon your investment. 'We shall be glad to attend to the de- tails for you. ALEX. BROWN & SONS BALTIMORE Oldest Banking House in the United States Washington Office: 737 15th Street N. W. Telephone Main 1055 SAFE FIRST MORTGAGES WHETHER THE SUM INVESTED BE LARGE OR SMALL —whether the income great or little—the safety of the underly- ing principal must at all times be conserved. That's why, in calling attention to our % FIRST MORTGAGES Over a Third of a 6 Century Without a Loss —we lay stress upon the abso- lute safety your investment in them commands. That they are regularly income-producing; in very satisfactory degree, makes them all the more desirable. B. F. SAUL CO. Main 2100 925 15th St. THERE IS NO SUBSTITUTE FOR SAFETY INVESTIGATE BEFORE YOU INVEST! RESERVAT]ONS are now being made for those who will have available funds at the maturity of their Liberty Bonds issued in the second Loan. Our Mortgag: Investment De- . partment will be glad to tell you of the safety and the assured remu- nerative qualities of First Mortgagc Notes secured by Real Estate in the National Capital. For yeats now the safety of your investment in Liberty Bonds has been unquestioned. Continue to en- joy Investment Satisfaction. Investigate before you Invest SHANNON & LUCHS, Inc. 1435 K St. NW. Main 2345 Experienced Advertisers Prefer The Star