Evening Star Newspaper, November 17, 1927, Page 14

PINANCIAL BULLS HAVEBEST | | 0 STOCK TRADING | REAL ESTATE LOANS 5149, FRED T. NESBIT 1010 Vermont Ave. Main 9302 MONEY for SECOND MORTGAGE LOANS Homes and Business Properties PHILIP MILSTONE 1103 Vermont Ave. Decatur 1681 tion—Specialties Promi- i nent—Rails Irregular. | BY GEORGE T. HUGHES, | Mortgage Money Loaned Special Dispateh to The Star. | N’ v YORK, November at Low In!eresl Rates { "SI SSOEE. Sovmier day's stock’ market, starting in ir. E ditians Tyler & Rutherford | strong as the session progressed. In Loan Correspandent Matual tenefl [lhe forenoon it was mostly spec lll"‘Si Tife Ins. Co. . - n which attention' was concentrated, 1520 K Street Main <75 |/°" “! s but in the afternoon better grade of | investment stocks came to the front. American Telephone & Telegraph WRIGHT, SL! \DL & CO. crossing 180 was again selling to vield regularly higher, became increasingly | less than 5 per cent. Steel touched | approximately the high of the pres ent recovery and so did General e Board of Trade Motors. ; The outstanding feature. however Stocks and Bonds Bought |}/ (\"Narralk’ & Western, which sot and Sold for Cash or new high for all time just below 126, | Buying was Carried on Margin of a Pernsylvania guarant e S 1 on the extracrdinary 1927 ear Connecticut Ave. at De Sales PL ohivEment, . The amost imn | Telephone Main 1581 | part_of the advance was the sca of offerings as the price mpunted. 1 The motor stocks came in for { attention. 1 ]nnl\\nh tanding the reports of | Ford announcement being due shortly. There Money Available for was no trace of concern about I[| the long threatened competition today. FIRST DEED OF Practically every automobile stofk on | A Ship & Com. | 1|1 the tist was higher at one time or an- | Am Smeiting (3) | TRUST LOANS || other. cneral Motors opened up | Am S & L pr7). I | fractionally and improved iis position | Am SU Fdys (3) | GW later on. but the active speculation |AmSUEFy pr(7j. ! od | was in the low priced issues, Hupp | 4w Sugar(d)... Rzasonable Commission Motors, Moon, Jovdan, v‘x..\wn—m leve- t\x:: ui;‘ar‘:n‘l ) Prompt Replies to Applications || Jine I1eie, e il B0 | A el & Ca (5 AMES F SHEA Hudson, Chrysier i Packard. im- | Amlel & Tel (v J % Il proved sympathetically did Dodge -\m"{owucu'«xy. 643 Louisiara Ave. N.W. Brothers preferved. et lfl\b::;vu*?;s’: Specialties Prominent. am Type pr (i), alties were prominent. Ameri- | Am W W (msoe) Express sur- | AmW Wks pf(6) passad their previens 1927 record, in {B each case also the hest since 1912 u AND Adams Express at 19 was nup | points and American Express at 183, OMPAN IBY [up 3 points. Then American Can i i bid up to a new high for the Juvestment Bankers | present shares above 72 Union Car- |4 Xy bon and Carbide made its new record Woodward Building I { above 147. Amusement stocks were in . % | demand under the leadership of Shu- | Washington, D. C. | bert and Fox Film “A " Main 2000 jumped 4 points and the latter went to a new 1 top. Congress C was still the favorite tobacco passing the new high established the Ida_\‘ before. | _ The rails were more irregular. | Missouri Pacific pfd., continued its advance, making another new r | high for stock of the present compasny {at 118, but the common reacted. feeling was growing that adjustment | of the back dividends on the prefe must necessarily involve a long de | before common shareholders could re- | ceive any return. b 1 Many Fractional Dec | On the other hand. there we { numercus fractional declines, none o | them significant as indicatig a desire | to accept the October earnings state- First Deed of Trust Notes for Sale - Secured by Improved Real Estate in the District of Columl Principal and Interest GUARANTEED REAL ESTATE {ment, the first of which is due in MORTGAGE & Oil stocks moved hesitatingly. There {was an enormous turnover in Texas Corporation, without materially af- | fecting the price. Barnsdall was GUARANTY CORPORATION | tive, but made little progress. The | 5 - {low’ priced transcontinental gmined, Main 1403 26 J“""‘“‘on'“ probably for reasons not associated Resources Over $4,000,000 with the oil outlook generally. A | L. B. Breuninger, President good part of the day Steel and G jeral Electric fluctuated within row range a nar- We Will Finance Your First Trust Loans To Run 5 Years No Curtail 5%% New Bond Issues | NEW YORK, November 17 (Spe- | clal.—The National City Co. offers to- | day a new issue of $20.000,000 Nor- wegian Hydroelectric Nitrogen Corno- | ration refunding and improvement gold bonds, series “A” his per cent, due November 1. 1957. and priced at 35 to yield over 5.85 per cent. Dillon, Read & and Kissel, Kin- nicutt & Co., offer today $4,318,000 of a total issue of $16.000.000 series | , | ; first mortgage 512 per cent sinking | Calumet & Ar Interest | fund gold bonds of the General Cable | Caiu & Hecla () | Corporation, due July 1, 1947. The |Can ry (+3%). 7 honds are priced at 99. to yield 5.58 per | nada Sou (3).. Wm. H. Saunders oo et Co., Inc. A new issue of $2.150,000 Territory of | s aneces o) Founded 1887 Hawait 415 per cent gold eoupon bond se Thr pf (7). 2 series “B.”-maturing $110,000 annual- Mala 1016 1433 K JS " Tovember 15, 1032 to 1936, aat priced to vield 3% per cent, is heing | marketed by & C Hallgarten & Co.. | . Incorporated, Chase cur| We will gladly receive | and give prompt dttention 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. . al. Offering is heing made today of issue of $1,400.000 St. Loui. first new sissippi River Bridge mortgage 612 per cent 20 fund gold honds.due October 15, 1947, priced at 99 to yield about 6.60 pe | cent. i | H n‘ Rollins & S Cables from Tokio are to the effect | that the Nippon Electric Power di- | { rectors have given authority to sign { the contract with Harris Forbes & Co | for the issue of $3,970,000 in 25.v { per cent mortgage bonds, pr | GERMAN BONDS AND STOCKS. £ Special Leased Wire to The Star, ! ~ Ghile Co (23%).. d5- Bid. Asked.| Christl B (1.20). ercy Il. Russell Lo. s ot red 1oan i araw Chrysler Cor (3) Gor S R U Bthont 7200 8000 Grrysierpra8). 926 ISth St. N.W. 30.00 ) 1 marks. ) | eaw etfs per 1000 R M. Quoted in doliare per mi | Hambires e T 50.00°40.00 (Quoted_in’ doilare’ per ‘thonsand mar [ | Ger Gen Elee 1355 pre-war. 25.00 { Gor Gen Fiee 4 101010 | 1|1 Bertin4a “pre- | Hamb 38 B8 5 e war Hambure Amer. 1 | North German L | Krupn 58 1921 | Dusseldort < 1, Frankfort a-M 4s pre-w | Munich 4n prewar o (Quoted 1 Your LIBERTY BOND } Funds | 619 Guaranteed Insured Mortgage Bonds i « 10500 | ¢ 00 Dresdner Bank | Deutsch il | Darmet. 10| Cong 14%) | Hevden Chem | Con Cigars (1).. Mercur Bank Vienna Nor“Ger Lioyd e Austrian A F G 15aelc | SHORT-TERM SECURITIES IReported bv J. & W Seligman & ¢ =N « Thretad o Copper 68 1 octated OI s 1 & Ohio 31 1 4 . nae | 3 100 H 1001} Principal and interest lona guaranteed by a strong in- P T dependent surety company, & T 14 Please send me more information ||| about lusured Mortgage Bonds. Corp. Bs 1 oodrich Co. Ba 18 1% R Name ........... Ceesieseee Hershey Chie Himble, O 538 1037, ! Address ! York Tel. s 1941, 6 | FEDERAL Security & Mortgage Co. | " K v | 1004 112 K i‘""' \'W l \‘v\mn Ol of l!]|:‘ all" ')"l 1":")" washington. ). C. !."*2"{.7;”" B, Co, 01 101 b1 = Smelting Co 103 = Wheeling Stee! C 1011, Motors Receive More Atten- adviumiey. Adv Lumley pf.. Am lnternati(2 Am La Franc Am Lakra pt (1) A Linseed Am Linseed pt. ased on renewed reports | Am Locomot (8) A Loco pid).. | Am Macnine (2) Am Metals (3).. | Am Woolen. Am Wit Pa cifs Auaconda (3)... Archer-Dan (). As80 D G 1St (6) | Atehison (i10).. AUCL (T8%).. AUGuif& Wi, AUGUIi&WI bf. AU Retining (4). Aust Ausu | Autostrap A (3) Baldwin L (7).. Bald Loco pt () Bambgr prvia). Bang & Ar (§'2) BankofMan(16) . Barnsdl A(bZlz) Barnsdl B(b2) Bayuk Istpf (1) | Beacon VI | Beechnut (13, | seidin | Best & Co (3). Lethiehem Steel Leth Sul ptf (7). Bloomingdate 1 | Bon AmiCi A (4) Booth Fisheries. Lotany C M1 Br | Briush Bkin-dison (3) Ghlyn-Man (4).. Bkiyo Un Gas(5) i Brown Brunswick Ter. Burroughs Ad T4 Bush Term (b3). Bush Ter de (7)., Butte Cop (50c), Butterick (g: Byer & Co.... Byer & Co pt-( Canif Packs (4). Calit Petm (1).. Callahan Zine Cent Alioy (2).. | Cent Leath. | Century Rib M. . At | Century K pf (7) | Cerro dePas (15) Corporation and Hornblower & Weeks. | Certain, \L'Iilld Cleve. Chandler pf 235 ) SINKINS | Chase Nat B(1¥) Chat-Ph BK(16). by H. M. Byllesby & Co., and E. | G corme (337 | Chi & Alton,. ‘\.‘m&Anon pf.. Chi & East LIl pt Chi Great West,, Ch1 Gt West pf, Chi Mil & StP.. lthIAIHA’zéxPpt [ Chi & Nwn (4).. | City Stores (B).. | Cluett Peab (5). Cluett Pea pf (1) 1 | Coca-Cola (5)... S0 | Collins & Ak (4) 00 | Col Fuel & Iron.. Col Gas & El (5). = 00 | Col Carbon (4).. O ComCrpf (1%). 901 Com Inv (3.60).. 47,00 | Com In Tr pt 6% Com Solvents(8) | Cont Baking B ; | ContCan (5). | Cont Insur (6).. | Cont Mont (§0c). THE TFVENTNG l NEW YORK STOCK EXCHANGE Abitibi Pow (5) . Abrahmé&sStraus | Abr&sStras 7%t Adwmis Exp (6). Ahumada Lead. . | Air Reduetn(§7) 176% L Ajax Rubber. . Allled Chem (6) . Amerada (2).. | Am Agricul Chim | Am Agri Ch pt Am Bank N(18). Am Beet Sug Am Losch, —T0-| Am Br Sh (JL.60) Am Brown Bov. Am Brown Bo pt Am Can (2) Am Car&Fdy (6 Am Chain pr (7) ! amChicle (3)... | Am Drug (8vc).. Am Encau (2.40) Am LExpress (6). Am & For Pow.. 7 | Am&Fo Po pt (7) 1041 Am Ho P (240).. American Ice(2) Am Ice pt (6). Am Plano (3). Am Piano pf (7) more | Am Po & Lt (11) Sentiment was optimistic | Am Radiator (5) the | Am Ry Exp (6). Am Hepubile, Am SatetyR(35) Aw Seating (14) Am Woolen uf.. am Wr Pa pt cte Areh-Dan pt (7) Armour el pt(7) Armouroflil(A) Armourot1(B) The former | Armour 111 pf(7) Arnold Con&Co. . ar | Artioom (3) issue | Asso LIy G (2%) Nichols Nich p Balto & O (6). .. Comerce 718. Bayuk Cigars. .. Blmingdie pt (7) SA &8 Mfg Co.. mp 2d. ioe 1 ed (4) 2d (7). orpn(14) “ertain terto 0 Corpn (3), CM&SLPefs.. C M&SLP pf et~ >h1 Rock 1s (5). 1 Yellow C(4). l:mulx(x 40).. Col G&E pf A (6) Com Powr (214). “onde Nast( ‘ongoleum-Nair %ib | Con Cigars pt (1) ‘onsol Gas (5).. | ConsolGas pf(6) | ConRRCuba pt 6 | Consol Textite. . Cont Bak pf (8 Corn Prod (13). Corn Prod pf (7) Coty Inc (16)... rucibleSteel (6) ba Cane Sugar ba Cane Su pf. ba Company. . Cuba R R (4.80). | Cuban Am'S (1), Cuban Am pt(7) | Cudany Pkg (1), | Cushman's (§4) . Cushmann pt (8) Davison Chem. . Deere&Co pf (7). Del & Hud (9).. Del L& W (17), Detroit Ed (8).. Devoe & R(2.40) Diamd Mteh(8). Dodge Bros Cl A Dodge pf (7).... Dome Mines (1), Received by Private Wire Direct to The Star Oftice. Opben, Hieh. Low. Close. | Lilw 1355 13L% 135% ( Dupont (19%).. 112 1123 112 112 | Dunhill Int (4).. 111% 111% 111% Li1% | DuPont deb (6) . 198% 210 198 205 | Duquesne pf (1) s 10 Lk | Sgstag rony abls FESW - uiy Kastman pt (7). ton Axle (2).. Isiseniohr & Bro. 8 | Bl AutoLt (161%) 1507 13 | 13lec P&LUpF (7) Lilec Refrigeratn | 11 Stge Bat (16) | Em-Brantgm(A) d John (5). gineers Pub § gors PS pf(7) uit Bldg (7).. > leStmsd‘J‘&) rieStms cfs Fair| Fed Ligt(h1,40). I'ed L&T pt (6)., Fed Min&S(10)., Ied MotT'(fs0e). Fid Phoenix(4). First N P 1st(8), *. “irst NatS(1%). Rubber.... hmann (3) 1m A (4). Gardoer Motor. , Gen Am Tnk(4). Gen A ec sp(6uc) Gen GasA (o1 1») n Mot (77 ien Mot pt (1) Gen Outdr Ad(2) ! Gen Ity s1g ( ioodyr Gothm S 1 (215) Gotham new tham H uld Coupier A iranby Con Min Gre North pf (5) | GrtNor O (113, 80) ) a4 w11y | Grt WesS( 10 1w 10 10 |GtWestsy Green Canan Guantanamo 3 Gul? Mo & Nor Gulf States Stee) Hanna 1st pe Hrin B blo¢ Hoe & Co A | Houshid ¥ (3% | Houston Oil. iHowe Sou Iiud Man | Hudson Mot (5) Hupp Mot(1.40), 1liinois Cen (7), Indep Oil (1).. i Indian Mot (11 indian { | Indian Refg ¢ | Inspiration C loterboroRaptr Inteonti Rub(1). iternat Agri, int Bus Ma (4)., “ | Int Cement (4) Int Cement pf(7) Int Com Eng (2) ¢ | Int Comb pf (7). iat Harv ()6)... Inter Har pf (7). IntMteh pt(3.20) Lot Mer Marine. i Int Mer Mar pt, int Nickel (2). intl Paper (2.4 Int Paper pf (6). rpf (7)) Intl Silver pf(7) Int Tel & Tel (6) Island Creek (4) 4| Jewel Te s Jones Lros Tea. | Jordan Motor uth. Kan City Kayser J (4 Kelly-Sprin Kelly Tire §% pf Kels-Hayes (2). | Kennecot C ( Kinney (G R). | Kinney pf (8). | KraftCh (1175) Kresge (1.20). ISresze DS pt... KressS H (h1). Lago Ol (75¢).. hert Co (16) re & Kub. Vaii3ig). Lehn & Fink (3) Lite Sav (1 60).. & Myrs(tta) MyrsB (£4) Lig &M pf (7)... Lima Loco (4) Loew's Inc (2) A Long Bell A (4). Loose-Wil(1.60) Loose-\ 1st (7) Lorilard Co . Nash(1) Ludium Steel(2) 60 McCrory pt (6). Mclntyre P (1).. | Mack Truck (6) Mackay (7) Macy R H (5). Mad Sp Gar (1). | Magma Cop (3 Mallison & Co. | Mailison pt Man Shirt (2)... Maracaibo Oil... | Market Street. .. Market St prior. Marland Oil. Mar Rock(13 Martin-Pary (2) Mathieson (4)... May Dept S (4). Maytag (13).... { Miami Cop (1) | Mid-Continen; Middle States. , . | Mid States Oi ot | Midland pt (112) Miller Rub (2) Minn & St Lout Min St P & SS M St P&SSM pe. Mo Kan & Tex. . Mo K & T pf6), MissourY Pacific, Missour! Pac pf. Montana Pow (6) i Montgmry W (4). Moon Motor Mother L. Motion Pic Motor Met (3.60) Motor Whi 3Mullins Body Mullins B pf ( AMunsingwr (3). Murray Corpn. . Nash Motor(15). at Acme (sta). at Biscult(17). atCash R (A)3° 230% Y3y 64 6 136% 109% atl Dairy (3). at Dept Stores. Nat Distillers. .. 331 33% 114% 114% Nat Distillers pf 188 188% Nat Lead (5)... 137 137 Nat Park Bk(24) ¢ 159% 169% Nat Pw&Lt (801 37w 381 at Radiator (3) 136% 136% Nat Rad pf (7).. 5% 174 Nat Supply (4). F3% BBly Nat Surety (10). ! NatTea (4).., R u Oven 11|‘y |nl< at City Bk (20) 707 STAR. WASHINGTOXN, 16 441 110 | Parmt. | south ¢ 1 Oil Well S pt. | Outlet Co (4). | Pure Ol 11.8715, ‘l\_"‘_;"fl‘f s s | Lurity Baka(3). 60 60 Bills yeceived . Purity Bak B (2) 95% 957 Accounts received.. Radlo Corpof A. 1!y 4" Total. ... : u:;‘: i LII\BILYTIF\ | Rand M (a 41% 1y | Capital stock. ... 800,000 §$12.80¢ | * | Accourts payable 1 | Real Silk pt i Ogden’ L. Mills, Ogden M. Reid and | s nEcoty rman Dodge, New York: Albert H. Koyal b as.13%. wyer, Boston, and A. H. Pollen, | London. At the organization m | c Sankr(x). Philip T. Dodge, who has served the | St L Southwest., company for yea was r 'nlfi l(‘t] | Savage Armis. Dresident; Frederick D. McKenney. | Schulte ($%) viee president and counsel; Norman | | Seabair Lpt... | Stmmons ( | South rac (§) isG& | Phateher Mfg | Limken (15) | Union Pac (10). | United Drus (9) Utd Drg 158 (3% 11,531 from 5,115 on October 1, 1922, | Utd Dyew pt (7) | and common stockholders to 26,804 Utd Fruit(15%). from Within the last six weck | USCIP&E (10) 2 the total has incr | ward Bak vf (7) ;I’HURSDAY. NOVEMBER 17, 1927. WASHINGTON GAS % * P Y NH & Hart.. s | Gas Light Also at New Highs | FINANCIAL. W. CUTTEN IS NAMED | TO BOARD OF BALDWIN HILADELPHIA, bid M First Morigage Notes BEARING INTEREST AT 6% | Secured on Ru-donen in D. C. November | ) rthur W, Cutten of Chicago |1 s h Oven. High Low. Close. | member of the board of directors o Weiobir: Motteats Dok o | NevadaC(1%).. 16% 16 164 16% | the Batawin Locomotive Works. | ‘ e T America T NOTex &M (7) 140 140 140 140 | Recently d J. Fisher and Cla Washington, D. C. N Y Air Br ()., 41% [ence R. I . Detroit. representin 154 | Fisher B vhm\ were invited to be — ? : 124 | Pepco Consolidated 5s and' members of the hoard. and their || YC&StL pf(6). 1063, formal election took pla {Wh I Th t { NY Dock 60 phithed) en Is a Y NH&H pf(7) 1124 ‘IORFOLK SOUTHEPN ISSUE Mortgage Due ? N oy i on Exchange Here. ¥ YORK. November 17 (P).— . NY 0 Offel g iz hein made of 1,46 00 | . | NY Stm pt A (7) 109% Y | Offering s b made ‘ot 51,466,000 Maturing Mortgages can Norf & Wn(i0) 19 Norfolkk Southern Railroad Co. first f e NorAm bl0%stk BY EDWARD C. STON A e At Bt e 50-year 5 per be advan tageously re- Dt Two bonds and ene stock climbed | cent gold bonds. series “A." at 961 r?nanrcd through us. North Pac to new high ground on and accrued interest, to yield 5.22 per ¥ Loans made on Real ington Stock Ex 8 mac Eleetrle Consolidated 6a fractional gain to 103 on a turnover, while Washington Gas also advanced an eighth to 103} on sales of two 3500 bonds. The stock was Washington Gas Light, which! went on from yesterday's high at 86 up to ¥6ls. Washington Railway common eame out again today at the unchang price of 430. But two sales w re corded, one of 15 and the other of 10 shares, Railway preferred fizured in ales, involving 50 shares. Both type stock: ppea of Lanston selling at 10 nthaler at 109, One share of Potomac Electric 6 per cent | preferred sold at 1101, and si g of Norfolk & Washington Co. moved at 300, largest transaction Chestnut Farms Da te, a §9,000 bond selling hington Gas bond 1 demoninations. the series A bonds Nor Pacefs(5). e a 000 | Omnibu Opnam Col (4). orpheum Cir (2) Ouis Llevator (6) Ous Steel. Otis St prior(7). ( e 0 Owens Bot (C15) Pacitic Gas (2).. il Stubs. ... lel & Tel (7) wrd (3 raige Motor. ... -Am Pet (4). an-AmPetB(4) Lan-Am West B. Lanhandle...... Panhandle pt. .. m (j¥) Paramt-F pt (3) vark & Tiltord.. Park Utah (30e). Pathe Exchange. Laine 1ix A () Peerless Motor 30,0 six different all at 100 iy The was in the ame and 1047, enick & Kord. . out at 104 The record sales of ye pennix Cmi(z) terday in bonds were not repeated Penna X R (314) today. The Second Liberty bond re- Peoples Gas (¥). Pere Marg (18) . PhilaCos % pr2ly demptions had led many observers to look for heavy trading today, but sev- eral of the I not of Phila & RC1... ercd at all d prices on ::::::‘" 21:'.':"4 t (r)tlmm were too high to boost trading. Diigeis DELTY L. Mergenthaler Reports for Year. IMierce-Arrow, .. At the annual meeting in tovklyn I’ierce Arrow pf. yesterday the Mergenthaler Linoty pe Lierce vil Co. reported for the year ¢ 1l el L | tember 30, 1927, net profit of $1,8025 Lallsbury (1.60). after depreciation and taxes. e iiv LILts Cual.. . lent 1o $7.04 a share earned on 2360 LTS &W Vai6). o par shares of stock. This corpares roriticoTonAT) 033, or $10.25 a shars, vostum (5). the previous year. The complete finan Pressed Su o compared I'rod & Kefiners. Uroducers&R pr, 1'ub Serv NJ Lub Serv pr (6). Pub SE&G pres) 1094 Lullmn Corped). Punta Aleg Sug. the vear cial statement f with 1926 follow . 1093 FIEN eadiug Lieal Siik Hos. PRUTTH 26 88 670 cserves . ... Tax reserve. . Res. for inta Surplus, 364070 | 11.833.020 | Lied Lee Crau(d). Remingtn-Rand. Lem-Rd1st (7)., Ltem-Rd 2d (8) ep Ir & St (4, itep L& S pr (1) uolds Spn; Liey Tobac & The stockholders elected the follow | ing director: Frederick D. Mck ney and Edward J. McQuade, W ington; Philip T. Dodge, Ogden Mi ) Dodge, vice president and general | mitnager, and Joseph T. Mackey, sec- | ary and treasurer. luln )hl.i report to stockholders Philip | T. Dodge, president, said that through- | out a large part of the year there have been unusual business disturbances at | ! home and abroad, and that these abd A Line. Seagrave (el.20) sears-R (n23).. Shattuck ¥ G (2) Shell Tra (az.41) Shell Un (1.40).. Shuber ‘Lhe (5) NEW ‘ontracts placed for od. | NEW n- | = Estate in District of Co- lumbia and vicinity. Ample funds available. | Law st Interest and Com- | ion. Prompt Service THE COMMERCIAL NATIONAL COMPANY (INC.) id-Up Cash Capital. $700.000 1 National Bank Bld‘ 14th and G Sts. T STEEL CONTRACTS DROP. YORK, November 17 (% structural steel last week were 30,000 tons against 100 the week hefore. There have n few large orders recently. New cts call for 10,500 tons against 100 the previous week SILVER QUOTATIONS. ORK. November 17 () THE FIRST NATIONAL COMPANY BALTIMORE, MD. RESOURCES SEPT. 30,1924 RESOURCES JUNE 30, 1927 $864,825.83 $6,787,786.73 Capital, Surplus and Reserves, $2,206,198.54 THE FIRST NATIONAL COMPANY pays quarterly dividends on its 7% Preferred Stock, and is earning over 15% on its Common Stock. Well-known banks in Washington and throughout the eountry, and conservative investors purchase our 6% (net) Gold Bonds and our Collateral Trust Notes. Limited amount of Preferred and Common Stock ecan he pur- chased through our Washington Office. Full information given upon request. WASHINGTON OFFICE Suite 632.3 Barr Bldg. Phone—Main 8697 G. W. PRATT, Manager The Sun Life Insurance Company of America Will Finance FIRST MORTGAGE LOANS WITHOUT The life insurance re- quired under our simple plan enables you to Leave Your Family a Home —Not a Mortgage FMNCIVG D. C. and Nearby Suburbs in Montgomery County WRITE FOR BOOKLET YOUNG & SIMON Authorities On Insurance LEOPOLD V. FREUDBERG, Manager Life Insurance Dey ird Floor, Woodward Building—Telephone Main 5180 General Agents for SUN LIF™ INSURANCE COMPANY OF AMERICA Incorporated 1890 oo Simms Pete, imelair O kelly Oif utder Packg Co. Snider PKk3 pt. S0 Por Ric | ditions have heen reflected in the | printing industry by a general de-| crease in the purchase of new equip- | ment. 3 | “It is believed these conditions are | |of a temporary nature,” Mr. Dodge || said. “As will be noted from the financial statement of the treasurer the position of the company is sound | in_every respect. It is without in-| debtedness of any kind. except small | amounts for current purchases. The company has started a program | | alling for the replacing of certain of | its older buildings with structures of | a type uniform with its other modern steel and concrete buildings, the presi- dent added, North American’s Assets G 1 South Dairles 4. Sou Dairies Southern RY (1) Spicer Mfg..... SWG& B 33). prd). Std Aillg pr (6). SWOICal( SOILNT (7 S VINY (1.60) Std Plate Glass. In its report to stockholders just | terling Prod(ié ssued by thé North American (-.».‘, Stewart-War (6) and its subsidiaries for the year end- Strom Car (2) ing September S Studebaker (5). Studebak pf (7). bmarine Boat. placed at $717.06 5,150,801 over assets of $66 Computed at the end of the preceding || ar. The increase is largely due to | an advance in plants and properties of over $42,000,000 “The consolidated balance sheet as | of September 30 shows a substantial | 1« | increase in the current and worki assets and a_decrease in current and | | acerued Habilities, compared with the previous year, as follows: | Copper (1) s Corpn (3) Gulf Sul (4) ex & Lacific. ... Lex 11 T'ex Land Trstn 1 rd Avenue. .. Lhompson (3.60) Tidewatr As Oil. '(d WASOHDL6) Lidewatr Ol 80c Lide W Ol pt (5) . 11T% Tobac Prod(7).. 104 Prod A (7) 115% iscont OIl. .« Transue & W (1) Underivood (4). Un Lag &Paper, Union Carb (6 ties ‘on d | Investments Current assets red \tock of subsidiaries . Funde ebt 0f subsidiaries 3 SAEE FIRST MORTGAGES TRUSTEES OF INVESTMENT FUNDS —are especially urged to give thought and consideration to the character of our % FIRST MORTGAGES —as combining the essential ele- ment of safety that must govern the placement of entrusted funds and the certainty of regular in- come, without which the invest- ment would be valueless. These mortgages are offered, for your convenience, in amounts from . $250 upward. B. F. SAUL CO. Main 2100 925 15th St. N.W. Century Without a Loss THERE IS NO SUBSTITUTE FOR SAFETY Current Hanilitiés Uniton O1l (T %) Un Pacific pr(4). ULdCErStC8ue) Utd Cir St pt(6) Proferred stockholders of the com. | | pany had increased on October 1 to sed to 9,500, | IR TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) Distributing US Dist pf n(7). S Hoffman (4) Alcohol (5). = Nicae—— Leather w 1. Rate—Maturity Bid e Leather A . ]‘:" 100 5-3° S Loat prpfe?) N 3052 100 4 Hhe Mar: 100 1002 U'S ealty (4).. 1ips Mo 100 100 4- US Rubber..... U 'S Rub 1st (8). U S Smelt (3%5), U S Steel (7). U S Steel pf (7 Un Leat Tob ( unt Pic 1st pf(8) Unlv Pipe(t213) Uni Pipe pt (7). Utah Copper (6) ULl P&LUA (e2) Vanadium (14).. van Raalte pe... Vick Chem (4) .. Victor Tk Mch.. Victor ev pt (6). Vu:lnr orpf (7). 100 Westn Pacific pt West Union (3). Westhse A B(2) Westinghse (4). Westhse 1st (4). Wheel & L E p White Iagte ( White Mot (2). White Rock (2). White Sew Mach Willys-Overland Willys Od pt (7) Wilson & Co.... Wilson Copf A. Wilson & Co pf. Woolworth (5). 169% 434 831y 9 4% 12 ro Chem. . Worthn Pump 6 m rCh 6% pf Worth Pump (B) 38'3 Va-Car Ch pt (7) Wright Aero (1) 5% Va Iron Coal & C Wrigley (13%). 644 Vivadou (8). v Y Vulcan Detin.. .. Jellow Truck.... it Vil s/ DeUn (AD Youngstn Sh(5). 86%4 Hourly Sales on N. Y. Market. | tam., 63 ..o 11765 1om. 1,940,700 Divilend rates as given in the vhave table ar the annual cagh pay i latest qua or half v 3 Unfess ‘i X ~ir or shecial divic | “lexa unmlu;o shares ¥'biun i iy sk on itk 4 Plis 30 wabash........ Wabash nf A (5) WabashB (5) ... Waldort (1%) Ward Baking B, Warner Plc A... Warner-Quin(2) Warren Bros (4) 170 Warrenlst pf(3) 49% flgsk.’ albail this yeare—nn re WarF&Pipe Cor. 197 S e BaLer n'-“a‘l Web & Hall..... 73% :‘h“:k when earned, © @'Fasinle | Pl in stock. @ w',',’:‘"':fiffl':”“;’,’; ]"]‘"1“ shore’ ln‘-.l,r!xl*l: o Pang 10 ihare o wecial o) stock. 3 o West P Po pf(1) 115% Rk paanie 1/i0"0 West Maryland, 49% stock, . m Vlus b Pls 5 n p West Md 2d pf., % The Right Side of The Ledger ROFITS show and profits grow on the right side of the ledger. If you invest your personal funds in the 6% First Mortgage Notes offered by Swartzell, Rheem & Hensey Company the figures on the right side of your ledger .\\-ill show a healthy increase year after year. For over fifty-eight years every investor in our First Mortgage Notes has received his interest checks regularly—and had the assurance, at the same time, of knowing that his principal is protected by an or- ganization of integrity whose financial operations are limited to the mortgaging of improved Washington properties. If your business carries a substantial cash balance investigate the advisability investing a part of it in these sound se- curities. Our staff will be glad to advise with you. Swartzell, Rheem & Hensey Co, Mortgage Bankers \ T2715th. Street, LW, WashinglonDC. 58 Years Without Loss to An Investor