Evening Star Newspaper, November 27, 1927, Page 41

FINANCIAL. THE SUNDAY STA'R WASHINGTON, D. C. NOVEMBER 1927—PART 1. FINANCIAL. 0 49 19 Y 2! ¥ 2. 20 101 19 1 i\ Main 5611, | property & 117 “ 2 Liberty 2 .' . 29 100 ! MONEY urvent {nterest rate and commission R IN M RKEI l'l’(ill: :::.‘. 9 }": 13 :‘l‘t: s !F:r:;:v,'r;':"/:‘::w'u-si > i',", 1 }I;: 3 {'1”, }o Clearlng House Exammatlon OE Instltu- i St \ for' ||| Higbie & Blchan‘llu?n, Inc. BT e aeaan g3 ' tions Being Tried in Some Sections | e | el oty 106" 96 103 <74 Arcentine June s 1953. 2 100 9 1001 96 101' 97% Arcentina = A-1957.. «101% 9 10 - % 3 ] TR Vieek’s Tradmg Ignores = "98% 97 Austraiie 5319 e 9%, Ty 9T Gredit Bureau Lends Some Aid. :Bull Speculators Keep Prices § PHILIP MILSTONE ; Prcmoter 0 WA GaTIN e tORY: TS 1020 | oy . Th hi faricec's g Precedents and Optimism i Yo laaw s une P R e i L RO N | Climhing, However—Cop- 1101 Vermont Ave. Decatur 1681 xxal|c:r°uuad5=:¢7:|enrg="c:nd"::?laur\nj. 1% 105 114% 111 Belgtum Ttps 1 a5, 140 LIt 113N 1130y " mmww— | Plenty of references, enthusiasm and " " L1081 105% 1105 1074 Relzfum ¥s 1991, 1005 109% 19 100 BY I A. FLEMING I solidly builded as Washinzton have Feat | Money to Loan \ormmah!y Proffered only to en- Carms Pr(ccs Up, 935 K1 100% 937 Rordeanx fe 1934.. 9%, 99 [ | Cooperation has reached a stage in | Paid heavy toll to the tornado and the pers Are Feature. | Seeur v first deed of trust on real estate | terprise in whose success he can be- {0 Rx 85 K9 Reazil Rls 1957 . age, 93 e bt hers. 1t | evclone, no less than to wind and and commission lieve, preferably based on land or its 1105 1000 1081 104 113 1041 . RS |:»”7_ ] l[:v‘ <honld be possible to put the clearing- | ) TR 5 Lo products. BY CHARLES I, SPEARE, e BENOs Aine EEONIICS A S0 onse-examiner kind of supervisior nado insurance covering three | By the Associated Press 7 “ NV Address Box 162-M, Star Office Gy SO B ueios ddres Brayirce Lol (o9 | into effect as a means of protecti S at $2 p 000 insurance wonld | NEW YORK, November T | - — Special Dispatch *0 T 105 102 104 104 nada ds 19A2 . s 108 f & \ seem to he > invesiment. with tin te s 3 ! ; N 1o Aiding and keepnz elear of <hoals and b | main price movement in 3 When You Need a Loan . NEW yon e o Ome | 102ix 1010 102, 101% Canada 929., 1017 102 kSR Vovally ianeaklng, of the|pechaps. & liability guarding | ockat continued 1 1, e eed a Y T T 1085 10T 110 1051 Chile 8 1041 e ito iaN o g S ol ! inst any aceident around the bank . o ! Money Available for must respe nner in which the | 1080, 107 110 1063 Chile s 1948 ... 1080 19 e ‘harles C. Glover, for over half a | leavy week ‘:yn’;"‘v i, Consult WELCH Reattor FIRST DEED OF stock mark ahe it 4 s 2, B0 21 Chinese Govt Ry e 1951 i 95 9bW v 4 century prominent in the civie, finan- | v £ 9 5 : . . tive in many sections of the Nation prominent in the civie, finan. Yisregarding the incr Y LOAN SPECIALIST % S 1011, A9 Copenhacen Alys 1944 S tws 1o 100 1001 | 1tve in many wections of the Nation | MG political and secial Disregarding the incre " & TRUST LOANS b 894 110 105% Czechostovakia Xs 1951000 109 1085 1081 i Wt States: ero | lite o6 e Cuptint; dpent histeiahy<| S S dENE N W ETGE E oo | oney to Loan e SDONGRY f e Ll ariaity 4105 ome < e States ws o | U0 Of Whe 7 s elghly- | Ther new ccord al bl B L T B i MR R i measure that will relieve banks rom | fIrst bitthday on Thanksziving dav \nd the prospect of stiffer call money At 512% & 6% Interest 6% ) fot OB 10 1030 10204 Duteh Bast indies As 1982 105 103 the necessity of talking losses through | 1% suburban estate, IWestover. strons | yiies er the woek ond, speculators || Before Figcioe o, Benegine Tour / usiness i emer » market | 108w pd piiteh 1 R LS 4 friudulent credit reports, for there | i Wi vears and nel . D e il ot <t"ae 0 Triat & ? P 10715 995 French Goverument 78 1949, 10615 1067 e % o ory. giving welcome to many eallers the advaree Doushs MERERS 2 . takes an oll i ay t 1165 10 rench Govi Tlas 1941, . 115% 115 always will be merchants everywhere § {7 AFeYn. (hpay IHSI feanects L liftin Get WELCH'S Figures Reasonable Commission wide assortment of stock R i 5 i 5 > : 945 08 veady and willing to prepare state o G e > i easier to hid i 4 1121, 108' French Govt Ss 1945, ... 1103 L Ul b wae even uf| Io ihe @it SauBer, who has | WOT fhan & scor them to new 7 ] st Prompt Replies to Applications 1045 105 erman 78 1949, . . Cene 1052 5| - 4 L eheery word for every one, while ali| DeAk pri 101 91'¢ Holland-American s f 6 L caveful bank ofticials Wwho have clt |, vy were flora ibutes fror | K reports of further im - = | 2 RhE wralitics ! 491 1aly 75 1951 A - their eve testhiaina are ot easily vies| HEOEADS Nates foral olhatess from ' | provement were noted in the steel| JAMES F. SHEA stren, In s ways it 007 102 9% lapanese figs 1954 I s Cluss) of lcustomera, Mot ‘dex| o Lhe ehAftman of the Riszs dltectors (and Jeopper indusceles the main | T et any vear. | 1095 10574 103 2 sired Dy any bankers, ean be kept | seemed to really enjoy the day | background for the current up-swing | F M ] s [ o i ; ; i appears o be the tremendous invest. | 1irst Mortgage dly vio ated i = om pre cuous gorrowings at dif- | T o7 P from promiscuous orrowir t demand _ior high grade se-| s @ upposed * e X ferent banks in the same city and ’”‘“‘ SB itk T [ 841 ¥2 101 94 Foland 85 1950..- < . 9 K | s eflected in the prompt speculative movements in rushing - 5 A | even elsewhere. their capacity for curitie reflected i it 106 101 108 104 Queensiand 6s 1947, even S L o $200,000,000 oans n : x \ reating losses reatly & | absorption of mnearly ) in l ] 114% 110 116 111 Queensiand Ts 1941, g creating losses will be greatly curtail Rt offerings during the week. } [ l ance or two normous transactions by obvious liquidation in stocks that pre- | 119% 9 126% 106% Rhinelbe .. B! C 4 Saiik lexaminations 1 ko While the announcement of the Y F T 104 U614 10214 Rio de Janeiro 8213 : B e umbull steel merger took | e i | our Iirst Lrust viously had governed the action of the o ; 3 " ing house will prevent miscellaneous | 1tepubli Applications Invited at entire list. It has risen on news that | Tom T e ]“j KEomo i %5 ¥ 0 i i | horrowing hetter than anything else. | | Wall Street somewhat by surprise, “1 =5 » was good, on reports that were had. | Ig8: 1021 X7 b st o 1 103% 103 The alternative, not the best. but apparently was without influence on | 1 oans and on symptoms of fatizue in F: 81 102 Setibs Choata STovenesBa 1968 9 9 930 | somethinz, is the credit, bureau {the ste market. Republic Stee Z (7] General Motor nd } .I;‘\':‘IL‘:;: \‘n;‘ Our merchants have ' long sinc sed nearly a point lower at Tfl Run 5 Year On Improved Property No Curtail that the his not vet had its fill : ¥ ’ { o | ens of eredit w8 I\\In)l lec Pwr 7s 10 1! 9 ful uide in the extension redi 1 M spec ion for a rvise and still s . o4 4 ere a Inrg olume of /| o appers failed to mainta their :vn V'h» ‘v’- ,l; g m‘,mn- .”., ;M',H e (VL :\{ 2 nates 1 > i 8 ] y: ;.” ity \\!h‘l :‘ )‘,‘ e volume of Northwest Houses Se”eh 9 ‘." pper m[ il |‘ l;“\"v.n n \::\Mm‘ i < Hiat . ZONS 11061 103N 2 < om 3bs 1927.. siness done on cred v, ga Ithos | Ehon U - B Tatien i T E s J M E: E b i © ona 3 K startec . How ound and Green Cananea were - 92 Yokohama s 81 ' i 40 9 The Rizzs National Bank started i | Epesay INDUSTRIAL AND MISCELLASKOUS e e o woara ago and now 1s | and Weakening of Canada |noosted to new 1927 hizh prices. | 1o those | American Smelting retained most of ) one 1 10: Swaden LO7 Construction Loans 5 1/29 at Minimum Rates Interest \\'m. H. Saunders Glover & Flather Co., Inc. Fonnded 1887 1508 H St. N.W. | ] Main 1016 1433 K n Up. 105 103, 105 47 Amer Axrt Chemical 7% s 1941 s veasonably well fortified as ! : e e sy 1015 89 10315 100' Amer Smelt & Ref Ist 58 1947.. vy 103 2 | who have in times past used the credit |a three-point gain. Rubbers mover e 107 109, 1077 Amer Smelt 15t fs 1947 ia 103 | Ceilities of the institution. but it gives Markets Is Reflected. forward under the leadership of Inte D o e acuiities | 105% 102 106 * 1004 Amier Sugur Befining $x | 37 5 5 2 105% |\ infarmation of the inside story of canle continental, which advanced more e ot securi AR 9674 100 9% Amer Tel & Telcltr 431929 ..... 'l sworn-to statements on file. Other | ‘ 5 i o CoGiiite: (o a : high at| N e 1l e pouniemhes 107 101 amisricip sl WielaiEse: 61 105 | nanke Are unquestionably storing up | BY GEORGE C. SCHNACKEL. mote than double the year's O o iltns in the | 104% 101t 105t 103% Anaconda Copper i 1953....... % 5% | imformation at hand and receivable | special Dispatch to The Star §11 a shave. | b Gkt fater coaany mesoka in | MWI0T 110w WiGK SR Cule o8 LTS TRS. . 470 ! from day to day regarding borow:| CHICAGO, November 27.—The | S. Steel common, vesterday's spite of the approaching shadow of | f s s 2 oy MContami Y. S e et {wheat market had a heavy tone most | frature, advanced to a new hish on & | 19 nour ol e 28 43 i " 1 e o1 t ol e o oil prody 9 i A R cal s |of the session today due largely to|the current recovery a 5. o :::m ;‘m‘:w-l ']rlxl" ar. ‘P\\lu.n “1(‘ . ]n\ | 102+ 4 10005 Atlantic Retining deb 5s 1931, ... i 02 3 Local Asso llun' llr.hvlul.‘ = the Iack of supporting orders. Locals | nearly 20 points above last month's R = APACILY 1191 96 106% Barnsdall Corporation 68 1940 i 2 1007 Actual and real work for continued | {08 Tk of SUPPorting prdors, Loct [RC o nd then settled back to 147, up of the country and further dividend | o4, . rel « P 5 5 106 105% 106 | holp s is being onstant - S 104% 100% 106 Tel (Pa) ref 53 1948 . 1 helpfulness is being given x'\“mn |they refrained from selling early be-|7s net. General otors common, reductions on oil stocks threatened. | 'ga. e Bethieniem s 58 1036 1017 the District Bankers' : i : * the oil group has shown coniidence |1q> L e Dsthehen ;:::::}‘;;‘Ii“i . g ‘l“‘mm\h R nt secretary, |cause of firmness in Winnipeg. Later | which sold within a_point of l;‘l‘n and a substantial average advance. | sg 78 CoruChel KA Lt Lol 3 ng | lom through i ‘coperation of the |the Canadian market weakened and th ago. showed a net gain of 1 6 1/27 Various Groups Ti 102 Swiss 3igs 1946 s 3 3 found their credit hure; most use- | gt s Coppers Sell O, i firoad stocks have been buoyant,|ioq s el o% oy e cchange | this _encouraged more free selling. 95' C Sug cv deb ¥s 1930. g g o 97' | hanks generally, while the exchange |l 5 i ed coincident with large percentages of | Jogs, 107 : 5 3" 108's - et ation & N weekly | Northwest houses were moderate | 2 points to aceompas, 3 s A 1 it 108 109% 107% Detroit Edison ref 108's | of credit information at the weekly sellers of May. Closing prices were |into new high : by National We will gladly receive decrease in October g and net | g7y 96 823 Dodze 63 1940 .. b Y * 8% | juncheon gatherings of the hunking | L . | . : earnings. 10414 101 108 102% Eastern Cuban Sux 1% 1937 )4 108 | aroup sive further checks against|% to % lower and for the week '. Dlcul gty testa | First Deed of Trust j||| and give prompt attention e AWillia & to applications for The improvement in the metal sit-1197 104 10s% 104 Goodrich (B K) 65 1947 . : fraud and the efforts of crooks” con- | fo 9% high. December, 1. : S uation and the possibility of 14-cent 4« 101 103 101% Humble O1l & Ref »%s 1932, 2 g Cantly on the alert to da the banks, | March, 131%al.31%; Ma nsue Williams ""“‘,’1 and N Notes for Sale Wiishi copper before lons have justific 24 102% 103% Indiana Steel 58 1952 : in their wild rush to get something | 1.33%. “"“"':“' e b A Feom Loans on Washington different attitude toward copper | g 5% inter Mer Marine b 5 5 for nothing the week ; y|in Continental IO Secured by | Real Estat s al h some of them are| 98t " 47 Inter Paper 55 A 1947 . 5100 4 100 But all this does not block the path | moderate sains I: over. | Motors, Case [THask oy o ot | I (rprove IREAH Fitateliniiha e o Toduy than when cob | 97 International Paper cv ¢ 12 1144 fof the duplicate borrower, one of the |ing Ly, slioita [Corn clond abolt e D e District of Columbia Current rates of interest. s much above the current pric 98% International Paper cv 6s (sta).. K < ‘methods of doing business at [where it left off last it ymmercial solvents broke_ i : ¢ T rnational Paper cv s (sta) . vicions methods of doing bu, 1t | wh t off la Mt oints to a new Jow at nd | Principal and Interest hould you per share in some cases E International Tel and Tel i'gs E B 95 96 the expense of the banks. {trade dull and featurel 4 * nt earnings. 109% 99'3 Kelly-Sprinzbeld 83 1931. . 105t The president of the Clearing House | The local trade is anticipating | Marine preferred broke neale © GUARANTEED Money to Invest mt recovered ol ¥ ocks of chain stores, of national [100 96% 103w 99% Lackawanna Steel 5s 1950, 2 Section of the A. B. A., in submitting | December liquidation and favors the | ; | distributnig_houses, agricultural im- | 10! 106 103% Lacledesbps. . 51k | thoe, cammittiea’ report before a rezent |selling side on this account. They | s. Drofit-taking checked the REAL ESTATE —we can also take plements, fer <, food supplies | 103 106% 102 Lizzett & Myers 55 1951... 5 2 convention. said, among other thin=s, lalso feel that the technical position |7 ‘e in such recent favorites as vou. OQur experience. electrical v manufacturers, | 4 1000 97% Midvale Steel as 1936 10012 “In a certain country where a credit |of the market was weakened |'.\ vl:m. A -Ward, North American MORTGAGE & IR 3 u’w o v ,c_ I ,nf'(,l canners and tobaceo companies have | 103% 100 1064 103 New knxland Tei os | 5 1068 108 % | rean wa a this year. tne|ination of much of the short interest | (0., American xpress, Westinghous GUARANTY i eucg (O¥eL A Pe e © enjoyed a legitimate response to the 118 114% 117 114 N ¥ Edison Ist6ls 1941 . . 1165 interesting and ~amazirg | Priday. Elevator interests are busy | Electric and International Harveste Thirty-five Years broadening of the markets and the |106% 108 110 106 N Y Gas B L H & P5s 1348 Y 575 10905 1097 -t were hrouzhi to lizht: $1 1| building up stocks for December do. | feaiths Ave: SluEpMT CORPORATION | : _ . betterment in prices of their products. | £9% 47 10I% 8% N Y Tel 4431939, ..ooone. 101 ners borrowed from two 3 | livery and sales of 280,000 bushels of | ” it ssifisures. yone proteehion. Here again it is to be remembered [110% 107 110 10T N ¥ Tel B8 1941, .0cuun.. bla 108's 0S4 | Cygromer: swed from th anks. | noetiact whent were made to g to| Rails were again rather sluzgish. §- Main 1403 26 Jackson Place P H R “C that they have for months been dis- | 100 Yot 1025 100 Northern 3 s, 2 51 customers borrowed from four | siore today. The seaboard wired that | L"""""" & ‘1|”’”-‘““] "t U“,“""”""fi: Resources Over $4,000,000 H erc . Russe! 0. counting the future and had fairly ] 2 104 99w Pacific Gas & ; hanks. tomers borrowed frem | e, Erand waNl Goia it sniq | € Ohin recorded moderate gains, b r4 r AeelBAEauEhit' mp with, . ‘The element 3 9% 106 1014 Pacific Tel & Tel 55 1952... ; Bt ke & customers barvevuil frof | L, N e a7 | New Huven audl the St Poul leuan, L. E. Breuninger. President 926 15th St. N.W. of stock recapitalizations and of ru- J06'% 102 Pan-American 6s 31 3 3'a | gix banks, 1 borrowed from seven and | lymers subetit No. 4 Manitobas | Which were strong yesterday, yielded mored consolidations have entered into | 103% 103 104'x 103% Philadeiphia Co ret 631944 ' 1 frominine bank i sales were' 1000 to realizing sale the appraisement of market values to | 104% 100 2 103% Public Service 6 1944 : e i ElEOMEE coliRyRNE O i Cansing weather wan clear | , Foreisn exchanges were irregular. @ greater extent than warranted. The | 9% u3% 975 Sinclair VIl 7s 1937 0, 9% | orrow from nine banks at the same |anatC o ot O vement from the | Sterling vielded to profit-taking, de- . examples that have been given in 1927 [ 101%z 100% 161 Y9 Sinclair Crude O1t " 1004 | fine 1s a mystery and should quilify | fiteriors s holding tp well. Min. | mand bills slipping back 1-16 of a cent The New York Life Insurance Company of Industrial combinations 4 mot bear | —— —— 103l 10215 Southern Bell Telephone 3 . 1085 | iy as an expert in financial logerde. | pac 00 S o & 100 buatiels | b0 $287 nd moderate recessions gut the original estimates of economies B poud i‘fl’(":rSUHA\JIfl:’ . 4 main, We venture no explanation of | fe2POll8 Stocks increased 5,000 ushels | 166" took place in the Belgian and Offers to Make Rtitan by snereing b anufacturing | 107% 1031 1033 v Uniled Drug 6s 1y . ot b 6% that Boc or_one ian, Dute ¢ v merging one manufacturing T e . Gl At e oo e R | "Corn showed stubbornness for a| e (‘vn|'r‘|’:ll‘ll~l“~l\"\\r'R""Ml;lll’I}l concern with a competitor. 95% Yl !‘5'3“ o n Db, Tk (e s o» | ations s V-l short time in tl arly trade, but | 5 = ’ gl e e sl . 3% | where to sit up and take notice and (3D ; e | fivinert N (13 Cheap Money Supports Market. 108% 105% 109% 106' U S Steel s [ 5s 1963. b | to be active everywhere in es eased off later in syvmpathy | “rpe’ weekly clearing house state- lrb 0[' a (& JOanS If the existing facts of busine 101 9744 Utah Power & Light 58 ; RYD S it miag i ins te) th wheat. Locals were friendiy to 2 A S, 2 nt showed a deficit in reserve of not justify a rise in prices of stoc 70 Warner Sugar 1s 1989, 90 ¢ : o e A gt [the buving side, but a leading ele- 15,950 ceilt with | exceis ve ; B e e e 2 e | s 114 111% Western Union Tel 6%s 1936 . § {1 T e GBI e uscinien Al 40000 toparel ln e Oo Improved Real Estate in the District ot Colun bia 1 vator interest sold December rather | (oo Beeey (SOV0™ ook o Ag- when trade was good, what other ele- w1024 7% Wilson & Co Ist 68 1941.. 2 4| There is ‘ a text and a |Conspicuously. The se was 13 10| oonie reserve totaled $607,099,000, and Nearby Suburbs in Montgomery County, ment than that of cheap money is b sermon to bankers within the guota- lower, and for the week ! ver | o, ai Md., for 3. 5 or 10 year terms on yout i e 987 92+ Atchison I & S Ke yen s 1995 4 < 2 : 8 i 15 5 % The detailed statement of actual con- . . e 17 :):erf 1o support the present specula. 150 S8% ATIATIIG Coust Liine 1St/ 1958. tion marks, an urge to fo ity i hl,";‘x"r ,“)”*‘H'Q”“\"‘. §‘1' dition this day showed mixed changes. ion? jealousies and zet together 2ad0%; LAY, Net demand deposits dropped $5 1t is repeating old statements to ay | i il S;;x:‘dn‘fo‘c‘;’:";fi;": Dt 1o Jae! Capital City should not bs the last | Shipping sale | nd reserve of member banks Apartment l Office Building that money is cheap. that 1t will re- 103% 100% Balto & Ohio ref o 1996 3 5 | to respond. wheat; 125,000 b "“”‘.“ were, worked [ (ho' Federal Reserve Bank, Z B mT: :uflo\: rates and that, therefore, o 108 1023 Baito & ORIO 63 1923 5 5 2 Our bankers have gone far afield |after the close Friday. & : ‘nm\ Loans, di ts and inve s Home 2 0 Business Property :ri(;:l r:h,,z‘.u,”,””, must_continue to | 'y s U84 92 B&OPILSLE& W Vais 1941.. & e im|in_the cooperative movement and \w|u‘”!x':mlmrll\"nnlr.vtmd com- | ineoranced $5.287.000; cash in 4 3 nselves to a discount rate | ygy5 yx© 307 101 B & O Southwestern DIV os cfs 50 they should not hesitate, through pet- ouise. RuvTIee Jhu L pt <, £3,730,000, and time deposits. of 31 per cent and to an income level ty jealousies or the fear of any bank |ci A Sy, g S 101% [ DBIRBmmoklyniatiunat e I BeiA N S0Y (Tinz the better of another. in pui. |zrains. The close was unchanged to | Lo not very much ahove 3 per cent for 5 Gty o 214 P United States Government bonds. This, e el 9 ! irito STTEGt fny msasuremfoedHe i I0WeT, En fon (He WEals AR LTS RAanNDALL He HAGNER & CoOMPANY w A e L dian Pacific deb 4 = however, is about all there is in the | & ik t::::,“‘l‘“c"‘;‘c oo o 24 2., | oud o the fraternity. lower. December. 491; March, 50%a | SHELLAC PRICES UP. Incorporated situation. Perhaps nothing more is 5 5 Y ; i 51140511 e S e L SR 1062 9 * Chesapeake Corb 5w i 90 | A Great Future for Banks. B L et b i G o MORTGAGE LOAN CORRESPONDENT = - 4 | wury 10i% 99's Chesapeake & UNIOCY 48 1930 3 i | - : wvisions depresse kness | 3 RK, or ). normal hlood pressure and a strong “hes: Y 5 Conditions in this country point tofin hogs. Lard closed unchanged to| Prices for shellac showed strength and . . heart hin chances of coming through | oo son 'us" o1 tfif;:;’::‘ifi;,"j“,,‘,":‘,:;"“"' ; 1| n svear future for the banking busi o Jower, ribs and bellies unchanzed. |an ipward trend on ot Al 1321 Connecticut Ave. Telephone Main 9700 Pneumenia or {yphoid fever are ex. |- 103 . 74 Chibies BubE Wiy (s aniD e R P ) {Oil, Pait and Drug Reporter savs. Lat. ! '3 10o Chi B & Quiney istret as 1971 o five, brought into. exstenc % ! | 107 " 9 . have ght | . |est reports from London showed a he inconsistent phase of Wall 4i'c B0 Chi& Kastern L1l xen os 1951 . 9 great financial institutions capable "feSTEEL DEMAND OFF | slight gain in stocks there, but at Street reasoning is that which predi. | 6% Chi Great Wesiern 4s 1959, s g K il b g S [ least 10.000 packages below’ normal, cates the present and prospective rise | 37 * 56t Chi M & StUP cv 4138 1952 15 ; ness of the United States, a world | and owned to a large extent by im- of business. If trade broadens appre- | 57% Chi M % St Paul cet 44 2014, o6y 7ot | financial center and the greatest pro- ducing Nation in the world. ciably, money rates must ad n on'a St Paul E LR H . vanee. | s b The McFadden amendments to the | | REAL ESTATE LOANS The rediscount rate of the Federal Ite. | 114% 111" 1112 Chi & Northwestern 6 s 193 . gl St o Federal reserve act have opened new | Eastern Markets Spotty—Copper £erve Bank must zo up. Logically | 81 63% o'y 4% Chicazo Rallwaysos Ly2i. stocks that have heen rising on epey | S2ts 87w 95 82 Chi it )& laciic rel 4s 1934 ¢ t5'y ubs | avenues for the employment of im- money must come down. It would Fe | —_ 97 Chicago Rock Island 4% s w.1 b 3 mense resources of hanks to good ad- Advance Serves to Check the 0) 2 much healthier situation if we had | 98% 94 lu2t Chi LRion SLaLon 4 1988 poesilaEl e el DT Beaestic B | ediscount rate today of 4 or 45 per | 119% 1o 1154 1165 Chi Union Station 54 1363 ies for making money and, naturally, omestic Buying. | gent rather than ane of 315 per ent, | a7 Bl 26w Chi & Western Lud con 43 1952 the risks will be greater, so that any i, & | FRED T. NESBIT | Loans on Real Estate e former condition would reflect ac. | 104 9% Clev Cin Chi & St Louis b5 D. % 10, movement that will help check the | sox Bl - ; tivity in lines of industry where there | 1035 101% 3 ©0C®SL L tetbs AINEY 4 W business crook should have the united | B the Assaciated Pr RO AL Fe MAIE 02 | 3, 5 or 10 Years i3 now stagnation, and reasonahle 1105 105 Cleveland Terminal 5 5 1090 .« | support of the bankers of the country. W YORK, November 2. —There | S = , profits in cont b et ithat B 200 9u% Colutado & Suuthern + v v 994 In round numbers the loot of the|was some decrease in the demand for | In N b Vi | WE BELIEVE OUR ECONOMICAL PLAN OF Jeopardize the position of many se. vs bah Cuba'R R 63 1963..... p i Yil% thieves of the country is generally|various grades of steel during the | n Nearby Virginia MAKING LOANS WILL APPEAL TO YOU curities, 5 105 105 Delaware & Hudson 5 s 1937 105% averaged at a_billion a vear Week ‘both In the way of steeiflcationsy Prudenl al o YO Den & Kio Grande cou 43 1938, 3 Y2om ]A'The ('lw"'k-lkner has been xlm cticall 'u.'mnstl 1d r(I\nIr:\( = :lm(: new husi- I 1 c | E Residences, Apartments and Business Properties w5 “ote Den & R G Westas 1939 sl climinated, the non-paving deposit ac-[ness. Prices in most Instances were | nsurance Co. ; st by Ml o M. ; how much longer the expan-| & 4 » Detroit United s 1932, Y $6% 167 count has been run to the ground,|steady, but here and thers competi-| 2 0 L in the District and nearby Montgomery Co.. M sion of credit against. socuritios | A i nearly, but the duplicate borrower, the | tion remained keen and mills made osne continue withbut affecting the entire| 74¢ B T30 kirie gen hen 48 1996, i y 824 forger and the big gentlemanly erook |some reductions. Pig iron was unset e banking situation s a question that | is Eriecy 4s a 1958 5" ot are as much in evidence as ever, with | tled. Some business was reported in | Commonwealth Investment Co. AND P worries those at the head of 1nx:a in-| 1000 w2y Kla ECas (4. ' s Y24 the tement-making merch. | the Southern markets for 1928 de- D17 15th St. N.W. Phone Ma 3 —_ stitutions, hut is evidentiy a mattor of | 10x - 106% 109 1054 Grand runk s £ deb 65 1936 luale Luyk | ants, fortunately, growing fewer and |live while the Eastern markets {l\!:;":.:m\'rr;ln 0 the majority, Thig| 16 1145 116% 114% Grand Crunk 7s 1330, it U5 116 | feyor i were spotty. i i 4 e VM___ = veek’s statement of loans on stocks P 101 34 Great Northern izs 19 10074 100% here ittle question of improved After la Lo BB i i | nd bonds 10 hrokers and dealere. i | 2w 111 108 Great Northero sen o %s 1922, S 11 | conditions in this city. nor 15 thees | week, an advance of % cent to 13% F“‘SIN ortgage Notes Founded 1907 dicated an increase of over $25.000.000 11,7 113's Great Nortneru zeu {s 1336 5 115% any uncertainty as (o where the credit s for_electrolytic copper delivered BEARING INTEREST AT 6% which brings the total close to §3.500.. | 8 24 ¥y Hudson & Maunattan ret os 1951, i 1015 % | for this condition belongs, and this| ! Connecticut Valley served to ||l Secured on Residences in D. C. P umn'r’l'."h5:"&:?'{':‘;';'"('.',&“”"" - 000,000 In the past 12 monthe these 2 24 Hudsun & Manhattan ad) 52 1957, i 24 92| means in the condition of banking no | check domestic demand. Export sales EEVER =GOS . e A R loans haxe expanded nearly $500 , ys'a Llmols Ceutral 44 66 101 ‘| less than in the relationship with | Were also in smaller volume. Buyers || "‘-Mcx Srrm- 1417 K St. Main 9300 090, or almost 35 per cont 75'4 lutet Kapio Lransitas 1968 their customer: {4re now thought to be fairly well sup- ‘The significant fact in this great en. 5 9u'a Lnter Kapld Iransitov is 1982 ¢ Credit belongs to the District Bank-|phed for the present and in a posi- 1 largement of bhorrowing is that while | v Inter & Great Nor ad) bs 1952, Yo 2 rs' Association, the Washington |tion to await further developments. | w. '.'u Amm,,‘D = it is taking place there ic bhut lirtle| u3 46 Kan C FUScot & M 48 1930, U6l Y 5 Clearing House Assaciation and. the | Copper, brass, bronze and nickel sil. ||l Eshngfon B s expansion in loans for commerecial| T3 hausas City Southern 8s 1950, 9 T e splendid work of individual bankers|ver products have all advanced ' purposes. The rediccounts of the ari-] 497 49« bausas City Southiern 58 1350, 3 who have given their time and service |cent, while seamless vellow brass ad.| ous Federal Reserve member banks| 4 ! Y4 Liake Shore 4s Lu2y e unrequited to the cause of hetter [ vanced % cents a pound. | - o ™ = are about as low as thev have haen | v 474 Lake Shore 45 1981 wa s ank i Tin was higher and_consumers a<|§| SAME SERVICES GIVEN FIRST MORTGAGES at anv time in their history. Not| Y6% 4 By U2w Louls & Nash unified 48 1340 ) 7 r Svery week 25 ressive bank s dealers hought freely. —to large or small dealers: 100 i only is the public loading itself wup ! 1105~ 1 D 1052 Louls & Nash Lst tet 28 2003 presidents. vice presidents and junior | i ate manufacturer: c SHase oF odilot movts Eat- us’ aio with securities at high prices. hut the ! uble il Blee Ky & LU Ist ref as 61, “1i 102 | officers gather in the luncheon group | (racts for the Hrst quarter 3 Tou i’ vour investment plans. same policy is being carried ot from {104 1010 10.% MSUP&SSMelgs 1981, 2 24 and they thresh out the problems. put | Lead was higher and the den necessity, &0 it is Argued. by mane| s s4w 53 Bble Mo Kan & Lex 1t 4s 1990 U2 1025 W2« 102 | nd they fhresh out the provlets put | fier, Cable makera bougnt a tair|J] WRIGHT, SLADE & CO. » banks and trust companies which are| 97 108 » Mo ian & Iex ad)>s 1987.... \ 0 | terest of their fellow bankers. It |tonnage for November, December and | MEMBERS: TO MODERATE more concerned with increasing the ! 103% 105 ¢ 101 Mo Kab & I'ex pi in s A 1963, i A helps! January. New York Stock Erchange New York Colton’ Eycinnge earnings on their stocks than in main. | 77 5 s Th Missour: Pacinic zen 48 1975, ..., N At the last luncheon insurance was| Zinc was firmer, with inquiry in lhv‘ icago Boare . H taining a liquid position. | © 0z 974 Missourt Pacitic 58 K. 1 . brought up for discussion. A few ‘m-u et to March delivery. Ore was| EAleagos Boardiof s rade | INCOMES Gold in the amount of over $24 97w 9d% Y6le New Yotk Cent deb 43 1934 % us¥ ET days ago a great storm leveled the |advanced, while London was steadier \ 100 Share or Odd Lots 000,000 has been exported this week 1o 106 101 111 1057 New York Cent rel imp ox 2013. eastern suburbs of our cit In the| Antimony was steady, due lar i "l Connecticut Ave. at De Sales st. |11 T >, | Telephone Main 1381 | —our Partial Payment Plan, Member Morteaze Rnnker Assn Canada and South America, with the | 109 106 108 1065 New Yotk Ceulral deb 6s 1935.. ‘| records of tornadoes many cities as'to the absence of selling prassure. ';rhnm:r‘v of Kurope steadily favoring | 0 bs X0 bY's New Haven deb 4s 1957 shipments from New York 1106 7% 1:id's 1050 N Y N H & H cv deb 6s 1943, 3 2 S % Dbseniber A6t it st ST e e 5 g Financial “",h Llflhls of Past Week 5 C— (:m ering convenient investment We are approac a period which | o Northern Pacine $s 2041 mn our I stock market histors contains mnt | 1 ss oxs 91 Northern Pecifio 4 1907 S uTe W0a Brought Oul in Nutshell by Statistics Bond! Director instances of violent fluctuations and 111 Northern Pacic ref inp 68 2047.. 117 | miznificant price trends. For a num- | usty 90 4ns Ore Shott Liue ref ds 1929, YORET _— | R wor of vears December was a month ¥ N Ure Wash IStrel 4s 1981, .. 4 4 43! | an with training in' the' fnvest- “n Thi e Aonloation o esratii el T i B ETAA VL s L-n‘l\,.- 1985 Special Dispatch 1o The Star. ment Banking Business to manage ra d FIRST MORTGAGES come tax ) It has not heen s T TS J0G:s eunsyivanis gen 5s 1968 NEW YORK. November 26, 1927, bond department of large and well for some time. Tn spite of the fac ; 3 11w Pennsyivania bigs 1930, . 3 This weels Last Week. |l known investment house. Must know of a . that the appreciation on securities 1030, 103'a Uere Matquetie 1st 58 1958 5 High % High. Low. | how to train men. Earning power sl - tv the past twelve months has been | wy w5 ieading $%6u 1Uv] 5t | Stocks (average of 30 fssues). aoses 180:54 1Th S adS012 TS0 ) untimited. Century offers an opportunity much greater than ever before, it is doubt B i Grands Western clt 4s 1949, . e BT BT is Week. Last Week. J Eeu g o ful if holders of stocks will reduce 90% RLArk & L 08 1V88...... N P l‘-nndu faver z0 of 40 issues). .. " 4 > g 10‘.' S 92,68 Address Box 432-M, Star Office Without'a to be desired—to lay with safety, their lines a great deal, <o long as the | . DSULI M &S KK G 43 1953 611 | Foreign bonds (average of 10 issues).......... T 106,41 105,64 surrounding condition the market | x5 7 SUL & San Kran ot i 4s 4 g 92 e This \;'eek, ‘Last Week. Year Ago. > s and on the assurance of regu- eppear as_ favorable o resent. | 49% SUL & San Ko pr in o8 1900, y | Federal Reserve ratio............. o 70.8 73. : There are no indications that Co S e Tik & Sup Frun dige b 1045 8 3 | Money rates in New 2 This Week. Last Week. lar income returns, the founda- will inject any new or un: 2 el 92% 102 St L & San Fran ad) 6s 1955, “ > 7 i SRR Seea e 312 3%z H H H B NGl 0 ik usinean aituation & St 5w 5. SUL X San ke inc as Lk, ! : ] ) i 3% ., ||| WE PAY MORE INTEREST tion for the financial independ- if the proposed reduction in ) 86 SUP K CS Line 4 g5 1941. y i 97 Monthof Monthot Monthof . S tion taxes In carried vut the St 6w Tl e 1 olonthot Nerthde. ||| ON SAVINGS ACCOUNTS ence of coming years. that this will give, both sentimentally | x77. 76 S8k 2 . ad) 58 1993, : Unfilled steel orders. . 331080 3,148,113 3,683,661 g and practic will offset other legix 91 49's Yd's Seaboard AIr Line con 6s 1945 s | Piz_iron production. .. . 89810 92,498 107.553 || Thank Any Other National Bank Jative measures that may be regarded | 967 1000, 9% Southern Pacific ov 4s 1929.... i 9 Building permits: in Washington 25 inimical to the commercial life of | s 5% X% Southern Pacific col 48 1949, 1vees 95 ¥1- w| Number of cities. 551 476 651 P ¥ Southern Pacific ref 48 1955, 8 Y 9 Amount .. $288.879,612 $291,675,134 $412,893.035 Interest on DAILY Balances ; ete filustration of the extent | x7i, sl 34 86 Southern Ry sen 4s 1956 ... ‘ « 92 92 |Commerciai failures (R. G. Dun reports): Come In and let us explain F S l I O American corporat e l1os 104 106's South Ry 18t 58 1994, 3 1 Number . = e 1,573 1,763 . . . ed by Federal and 4 i 2 2 1149'¢ Southern Ry dev 6%s 1956 26% 128 1264 124% | Liabilities . 3 72 $32,786,125 $33,230.728 . . l lu . iy b St tnitie i ' 56'c Third Aveadi 58 1960 5%% 574 57w | Revenue car loading 12,1927, Previous week. Year ago. C N l B k = alisie 2D Anscontinental railronds, 4x Unfon Pacific 1st 4s 1947 .. T 9T% Bl Bim All commodities......... e T4.86 1038852 1,067,089 ommercial Na an Main 2100 925 15th St. N.W. ch ix paving et L 000,000 an uy 10215 Virginian Ry 1st 58 196: 9% 109 109 9 Grain and grain pre 45,005 44,602 14th and G Streets nually in taxes, compared with $12. 101% 105t 103 Wabash 1st s 1939 10474 1047 Coal and coke....... 180,460 1,899 000,000 required af the two transcon 5 6R', 107'. 1£3's Wabash 5'%s 1975 o 1067 106'% Forest products. 165 3 67467 Resources, $17,000,000 tinental svstems in Canada. operating 66t Kile 76l Western Maryland 48 1952 N KTt B6Y Miscellanesus products. £ o . : ety four thmes uc rgo | 1007 9 100, 930 Wasjern Pacific 55 1946, L1000 1000, 100t 2 o ¢ g 3 37,85 L “"""";‘.m‘ ALDSON, PRESIDENT THERE IS NO SUBSTITUTE FOR SAFETY s the American road. 8T 3% 03 86l Wedk Shore st ¢s 2361.. 2 ¥ W 9 Live stock . P g