Evening Star Newspaper, December 5, 1927, Page 15

& "FIN ~IRADING LIGHTER IN BOND MARKET Fluctuation Small, But Prices | * Hold' Generaliy Steady Today. BY CHARLES F. SPEARE. Special Diepatch to The St | g 5.—It may | continued e bond uced he re- | market the volume of transaction: newal rate was 412 per cent. It has taken ¥ for money to return to the banks after the first of | the month distributlons than had been less than | Fluc- | the | Trading was considerably in the latter part of last week. tuations were small, but in | n held steady. 1 | for good bonds, where | the price was regarded as in line with older bonds. was illustrated in the re- | ception given the $40,000.000 issue of Alabama Power 412 These were of- | fered at 94%. of the recent Public utility 412 ve heen put out around 1 was advanced quickly to a premium of a point over | *athe offering price. Other and older <Spublic utilities were likewise stror A oup of listed 5 per cent nds went to the best figures of the | Denver Gas bs at 10112 Traction 5s at 981 and | 5s at 106. Illinois Bell | s touched 106. Both Phila nd Duqu Ligh nd their previ ted Public s 41,8 were close to par h the original price two were level The u !New Jersey the better * .Ahowed fractional advanc < them Union Pacific 4s, Northern Pa: Baltimore & Ohio Southwest- Mobile & Ohio 412s and South- Chesapeake Corpo- » for the first time in some weeks. The St. Paul junior % :bonds were active and strong, West- n Maryland 4s reached a new high 1 ic 4s and ! !ration 5s touched 3 iErie 5s were firm. a_East Coast Bs, on the ofher hand, suffered a fur- her decline, due to poor earnings, 2 !which brought them down to 91, the “lowest of the year, and better than a 6% per cent income b: 2! "The United States Government mar- @ ‘ke* was irregular. Opening on about ~ :Saturday’s closing ba; all of the < \Treasury issues declined about 1§ per % ‘cent. . The interesting feature in the for- ~eign government market was the of- 1er1ng of Irish Free State 5s at 97, to {yield 5.20 per cent. This compares ith a price of 97% on the latest Aus- itralian 5s and of about 95 on the New South Wales German issues were ttle changed, Italians showed the ef- ect of political uncertainty, French % iwere slightly higher and most of the Bouth Americans up a little. [RS—— uWashmgton Stock Exchange SALES. Potomac Electric &% pid 10 at 106%. 20 _at 10615, 10 at 1061 2 1063 Washington Rny. & Elec. pid.—10 at 100. Mergenthaler Linotspe—1b at 106%. AFTER CALL. W&gl‘ngiy(\)‘n Eys. & Elec. 4—$2.000 at 00 a (Gapital Traction Co.—10 at 110. 30 at 1 anitars, Grocery Co. pfd.—20 at 103% Natlonat Srtze. " Thvest. prd—50 at 6%. Money—Call loans, 5 and 6 per cent. BONDS. Bid ‘and Asked Prices. - PUBLIC UTILITY. 9 Big £l ANCTAL, UNITED (Sales are Sales Lib3%s... 12 Libiste¥ks 4 Lib3d4%s. 80 Libath ¢%s 93 Us 3!&4: 47 US. . US 4%s62. 88 Argentine 6s Ju 69 Argentine 8s Oct59 Arzentine 6s A Argentinefs B..., Australta 58 1955, . Australia 53 1957.. Ausirias.... Bank of Chile §%s. Belgium 6s Belgium 6% Belgum 7s 19 Belgium 7s 1956, Belgium 7‘1.!.‘.... Belgium 8s Bolivia 8s. Bordeausx 6s. Brazil 6%s.. Brazil 7s Brazil 8, Bremen, S 3 Buenos Alres 7s 57 Buenos Alres 7s 68 Canada 58 1931 nada 5s 1952 Canada 5%s 19 Chile 7s 1943, Chinese Gov Ry 5s. penhagen 5sct.. Copenhagen fi%l‘ . Czecho 8s 52. Danish Munic 8s Danish Munic 8= B DEI5%s Mch 63. Duteh East | 63 47. Dutch East | 6s 62, El Salvador 8s 48 Finland s f 6s 45... Finland 7s Framerican Holland-Amer 6s. Hunzary T%s Italy 7s. Italy Pub Japanese 4s Japanese 614s. Jergens U M 6s 47, Lyon 6s.. Marseille 6s Milan 63s. Montevideo 7s Norway 6s 1944 Norway 6s 1952 Orient Dev deb Parls-Ly-Med 6 Paris Orleans 7. Peru 7s.... Peru 7% Peru 7%s 1956. Poland 6s 40... Poland 8s. Porto Alegre 8s. Queensland 7s... Rhinelbe Un 7 Rio de Jan 8s 194 Rio de Jan 8s 47 Rio Gr Do Sul 8 Rome 6%s. Sao Paulo 8s Sao Paulo 1950, Saxon (PW) 7s Seine 7s 42. Serbs Crot Sio 8 Sweden 5%s. Swiss Confed 8s. Toklo bs. . Tokio 5%8 1961... 42 ¥8% Utd Kingm 5%s 37 100 106 Uruguay 8s. Yokohama s wi. Ajax Rubber 8s. Am Agri Chem Am Cotton Ol 5 Am Repub deb 6s. . 109 Am Smit & R 1st 68 16 AmSmit& R 21 Am Sugar ref : By, & Floo. . Rwy. & Elec. gen. xlscn.um:ot:s & Ross. Inc. G%s... 05 = H:. ut hr:.:f 1')'a°|ry 63350 1094 . é‘E gék 'Cola 8t e wfl" Park Hotel 53%.. STOCKS PUBLIC UTILITY 1d. G- . id., 65 : Rwy: & Else. pia NATIONAL BANK. e merican g%w. igks . 3 v.uonnl ‘Bank' of Wash..","). - TRUST COMPANIES, merican Se ity & Trust. . Connnzhlal Trus erchants’ }u\k National Sacin T Prust. Wash. Loan & Trist VINGS BANK. Bank of Bethesda, Savings. s fank! ing; Washiington Mechanics 5 FIRE INSURA Parber & Ross. Ine. Chevy Chass 1 commm.m Natl Faper 3 Am ;i'e?muu . & Storage. Merchants' T & Stor. pid. er| eum.flu Linotype 1 atlonal Mtre, & Tnv g Stores bid Recurity Storage Sanitay Groce i Ref & Wh (um Mige o111 Wond & r thon "B oodw N‘ K)l rop DI'! . *Ex divide SHORT- TERM SECURITIES. (Reported by J. & W. Seligman & Co. lmnd” a A“l! (;rflnuv. 5 A . e el Ana o ocinted ¢ o & ()hm um » Pet. C 2 & S E :x" i & i Ry, = ™ Yor Tel, Orexon ihu:'; ijne 45 1% Anaconda 1st Anaconda cv db 7 f ON NEW YORK 8 60 STATES. n $1 000 ) High 102 6 10315 100 27 1102 11521 11521 FOREIGN. . High Low Close. 100 997 106% 104% 1024 109% 3 109% T 94n Andes Cop 7s rcts. 68 Armour&Co ¢%s 39 Armour Del 5% Barnsdall 6s 1940., Bell Tel Pa 5s Beth Steel p m Beth Steel rf 68 Beth Steel 63 63. Beth Steel 6 23 26 9 6 2 3 17 6 Brier HSt1stb%s 20 Bklyn Ed gen b Bklyn Unilon 6%s. Central Leath Chile Copper 68 Con Coal Md 1st bs ConGasN Y 6%s.. Consumers Pow 58 Cuba Canecv 7s. Cuba Cane cv 8 Cubdn Am Sug Det Edison ref 6s. Dodge 6s. Donner Steel Goodrich 6%s Goodyear 6s rcts. Hershey 5%s. Int Paper 6s 47 Inter Paper fd 6s lot Tel&Teleg ¢%8s Kan CP&L 68 A 52, Kan G & K168 62. J Kayser & Co 6% Kelly-Spring 8s. LaciGref34...... Laclede G 6%s 62 Liggett & Myers 7s Lorillard (P) 7s. Loulsv G & 68 62 Manati Sug st 7%s Midvale Steel Montana Pow b: Mor’s & Co 15t 4%5 New Eng Tel 6s Pan-Amer Pete 6. Peoples Gas b1 Phila Co 5% PhilaCorf 68 A. Phila& RAC& 168 Plerce-Arrow 8s. .. Public Service 6%s Public Service 6s. . P Serv Gas 5% 69 P Serv Gas 6% 64 Punta Alegre 7s. .. Remington Arms 63 Stnelatr Ol Sinclair O1) 6% So Por Rico Sug 7s Southwest Bell 6 Standard Oil N J Sug East Orient 7. Tenn Elec Pow Toledo Edn 1 United Drug 6s. U S Rub 1st rf 6s. . US Rub 7348 U S Stee! sf 5 Utab Pow & Lt 5 Vertientes Sug 7, Warner Sug T8 41., - - 3 BN RO MNP EPONTOAR I 8 D o N S 105% 105 4 105% 100 100% 101% 100 €814 974 95“ THE EVENING STAR, WASHINGTON, D. BONDS swoex excuuvcs] | [REN] [RREGULAR Raceived by Private Wire Direct to The Star Ofica Safes High Low Close West Elec §s. o 3 104% 104% 104% Westn Union 6% 1 1134 113% ll!‘A Westinghouse 6s.. 8 104 104 10 Wiison & Co 1st fs 112 101% 101 lnm Winchester A T%s. 1 106 106 Youngstn S&T 6s.. 2 105 RAILROAD. Atchison gen &8 10 98% AtlanticCLicl 4s.. 11 95% Atl & Dan 1st 4 4 83 4 98% 24 100% 17 104% 4105 3 102% Bklyn Manhat 6s Buff R & Pitt 4%, Can Nat 4%s 64 Can Nat 4%s57... Can Nor 4%s 1935 Canad Narth 6%s Canad North 7s. Canad Pac deb 4s. . Car Clinch&O 6s 62 Centof Ga 5%s. Cent of Ga 6s. Central Pacific 4s Cent Pao 1st 63 90 28 100% 47 100% 1 100 1122 100% 1005 997 122 115% 299 109 107% 102 957 104% 99% 100% 103% 3 107% 3 102% 7 96% 14 104% 39 100 17 100% 1 103% 1 98% 1 109% C B & Q-1 div 4s, ChiB&Q1strfbs Chi & E 111 gn 68 61 Chi Gt West 48 69. CM&StPcv4ys. CM&SPcv4 Y s3zefe CM&StPgn4ékhs CM&StPrfaks. CM&SPrf 4%sct. CM&StPevbs, Chi & NW gn 3%s. Chl & NW gen 4s.., 037 CKIPM:U/:I'I 122 Chi T H Inc 6s 60.. Chi Union Sta 5s... Chi Union Sta 6s 44 Chi Unton Sta 6%s Chi & W Indcn 4s C&W I1hknf2 Clev Term bs. Cuba Nor 6%sct Del & Hud 1st rf 43 Del & Hud 6%s. ... Den&R10G 4%s 36. Erieconv 4s B. Erle cvt 63 67 wi. Erie & Jersey 6s. Erle Genessee R 63 FlaEC6a74. Gt Nor 4%s 76 D.. Great North 4 %4sw Great North 6% Gr Nor gen 7s. Grand Trunk 7s. Hud & Man ref 5s. Hud & Man aj 58 111 Cent 43 52. Lake Shore ¢s 31., Lehigh Valen 4 Louts&Nash unl Man Ry 1st 90.. Market St 78 40. . Mil El Ry & L 6861 Mob & Ohio 4% Nassau El 43 51 Nor Pac 3s 2047 Northern Pac 4. Ore Short L rfs 48. Ore Short L cn b Ore Wash 1st ¢s, Pennsyl gen 41 Pennsyl gen 5 Pennsyl 58 64. Pennsyl 6% Pennsy) gold 78 Peo & B 1t 48 40 PCC&StL Port R L & P 68 43, Port RL P6s47... Port RL&P 7%5 46 Reading gen 44s.. Reading J C4s51.. RLArk &L 4%8.. St L 1M&S 48 29 o ese REARRNGEE -G CRRONHEE GO~ O o - e —Roa®S ket Sou Ry Con 68 94. Sou Ry 6s 66 TexArk FS6%s 50 Third Ave ref 48 Third Ave 1st bs l1 Virginia Ry Va Ry & P 61 Wabash 1st bs. Wabash 6%s 75. West Maryland Whel& LErf4%a 5 96% Wis Cen gn ¢s 49. 2 8% 8Tu PRICES ON PARIS BOURSE. PARIS, were quiet on the Bourse today. Three per cent renters, 58 francs 20 centimes; francs 2 centimes; 5 per cent loan, 77 francs 20 centimes. The dollar was quoted at 25 francs 40% cen- times. IN CURB DEALINGS Profit-Taking Follows Bid- ding-Up Operations—O0ils Hold Their Ground. BY WILLIAM F. HEFFERNAN, Special Dispatch to The Star, NEW YORK, December 5.—Irregu- larity marked the movement of prices on the Curb Exchange at the start of the week. For the first hour the main body of stocks displayed the same characteristics it had throughout the preceding week, namely another record-breaking volume, accompanied by many new high records. But zs the session progressed profit-taking developed in many quarters, and sub- sequent developments indicated that the speculative element was divided as to the immediate future price trend. There was nothing that was not al- ready known to account for the new high records established in the issues selected for leadership. They were merely moving forward simultaneous- ly under the momentum sgathered on previous days and because of reduced floating supplies it did not take a great amount of buying to bring about ma- terfally higher levels. Bancitaly Possibilities. Stock dividend possibilities was still the incentive for the demand for Bancitaly shares, which were carried forward more than 4 points, Increased sarnings and new incoming business was responsible for the demand for Mengel Co. at a rise of 6 points. Borden ( was reflecting benefits to be derived through the consolida- tion with the Reid Ice«Cream Co. and was 4 points above last week’s final. On the basis of earnings present and prospective, American Cyanamid “B" was thought to be selling out of line and was bid up 3 points. Prospects of recapitalization in a substantial stock dividend distribution was the incentive for the buying of Safeway Stores. All of these jssues were seli- ing at their best for the year at one time or other. United Verde extension reached a new peak but came off over more than the ground gained later when profittaking became urgent. Lehigh Valley Coal sales broke sharply and some uneasiness was expressed over the future dividend policy of the com- pany. The place of prominence main- tained for the past two wecks by Ford Motors ot Canada was given over to other specialties and the price moved over a narrower range. Curb Oils Steady. ‘Weakness in a number of oil shares on the Stock Exchange failed to have a sympathetic influence on the leaders of this group in the Curb Market, and prices were fairly well maintained. Salt Creek Producers sold at a new high for the year, but improvement was limited to fractions. ‘Among low-priced issues heavy transactions occurred in Canadian Marconi. Negotiations are said to be under way between this company and Radio Corporation interests looking toward establishment of the first di- rect short-wave commercial radio sys- tem between the Dominion and the United States. Radio Corporation, through one of its subsidiaries, is said to control a large block of Canadian Marconi stock. RIGES GO LOWER NCOTTONNARKET Selling Is Promoted by Rela- tively Easy Liverpool Cables. By the Associated Press. NEW YORBK, December 5.—The cotton market opened barely steady today at a decline of 10 to 18 points under ‘Southern and local selling, prompted by relatively easy Liverpool cables. January eased off to 19.27 and May to 19.61. Net declines of 20 to 23 points on active months, but these prices brought in a renewal of cover- ing, and trade buying also was re- ported. This steadied the market and caused rallies of 5 or 6 points from the lowest by the end of the first hour. Private cables reported spot offer- ings were being slowly absorbed, with the futures market lower under liqui- dation and London selling. ‘The market subsequently eased un- der liquidation and some further Southern or local selling, which may tave been promoted by a private re- port estimating the crop at 13,184,000 bales and ginnings prior to December 1 at 11,775,000 bales. It was pointed out in connection with these figures, however, that the estimate showed a reduction of 388,000 bales as compared with mid-November figures by the same authority, and the market was a shade steadier at rallies of 4 or 6 points from the lowest around midday. WHEAT TURNS DOWN ON LIVERPOOL NEWS Shipments to Britain Are Factor. Corn, Oats and Provisions Also Easier. By the Associated Press. CHICAGO, December 5.—Influenced by unresponsive cables from Liver- pool, the Chicago wheat market soon turned downward today after an ir- regular start. Relative weakness at Liverpool was ascribed to 500,000 bush- els increase of the amount of wheat on passage to Great Britain. Opening at % decline to % advance, Chicago wheat hardened a little but then underwent a general sag. Corn, oats, and provisions were also easier, corn starting unchanged to 1 off and sub- sequently showing further losses, Emphasizing indifference shown to- day by the Liverpool wheat market concerning Saturday’s advance here was announcment that world ship- ments of wheat for the week were in excess both of the previous week’s total and that of a year ago. The latest week’s aggregate was 17,463,000 bushels, against 12,733,000 bushels last year. Continued deliveries on December wheat contracts in Chicago, were also given attention. In addi- tion to deliveries which have hereto- fore been made every day this month 107,000 bushels were handed over this morning. Increases reported in country offer- ings of corn led to setbacks at times December & UP).—Prices | ™ exchange on London, 124 |Decem ‘May The tovernment rnllwny in Costa Rica is to be electrified, C., MONDAY, DECEMBER 5. 1927. NEW.YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is the list of bonds and stocks traded in on the Curb Market today: Sales in INDUSTRIALS, hundred N 3 Gt qmuh Dlnl lfiD BAIb P Bar Avt 20% Allson Drug A. mster Trad Am S & Ch ptd! m Superpow A m Superpow B 80 Gas & EJ : B Cu 120 60 g : el ZEE ush T :' wi sh Term rts wi H Butler Bros. 6 Camphell Wy *wi 1 n - ey FRECRS RRRA NS I SR S - S A S %S o e LI DN 19 wReSom SwS3E: e B OERRR R S BSNTES PERER F Consol Dairy 9 Consol Dair 3 Consol ¢ 16 Consol Lay 8 Crowle: 2 Guna oncsesmas EERL SR A aoeiR e IR S0 Lid | Toby Co vie b vt 3 DRRC yic ofs dng 11’)1).0" Crucible. . . 1 Doehler Dn;‘CLL ominios 1 Dibitier"c % # % Durant Mol z Co A - S PR FECEESR = rrsen G # #@ - B FEFSARR o Sy B Shaa e R et g mame ) P EE AR o) 2 Sen 10 PSR e SENPRR SRR e R R SRS [ * B ORESIER B SRR & RS e W e S Bor o e s st &R # 1 Intern Util pfd." 87 Jokensatuny "ad 6 Kemsley umb . 1 ‘(i Kroger G 0 Kruskal P Lackawan Sec n. 01 e oD a0t O S RS S R R S B S Bamie S i B e B 2 S B E S S o B S SR 5 B0 D BB D W0 S B-IC S STANIE MR D0 a0 N & L n ib Owens Sh G 13 - 510 0t eI T e S DN gt PSR TR AP et ot P o - ..:c HOE SR RN o - Q2 19198 et BRSNS ER R R R R RER ERR G R o R o 3eoe 19 MOl - R S oSSR e B e P mh—x»u:n—ega—‘o SREREIELE! e PRI AR SR ONSYR R Ehain i St S PR R D ! Py sow - o £ S wDa! R RO BRSPS R OER NSRS R nato T Eat e P 23238000 3 s St R OER RRR R RRAR BR RUGNIRRRRE R 3R - Rex Pap. Stand Com Tob. dand -fi ris W " o rati esnesmpoabhios Eosacol géa_- a * 5 St1 nfc bize, A SB v'fil Nat_Gas Can lecuit A = N - eouaneBs suatie wocsasby i S B R RS RO R St DL - SR A D AR B! g gt 22220 gggges - 1 e oz nts oo 533333533 15, M TP PEEEE 3 O 3ot Oy P 2 3 colmmoneds o - s 3 D1305. D D20 Sl 29 B3 B DI k1550 4 I S B BB BANDIS REES RO P £t s e S M d 2 Yel Taxi C NYn 10% Sales in 'MINING STOCKS, .ngfi 1ln ° o 19 b s iSO BRI BN 7 New Cornelia 20 Newmont Mining 1 » 59 TP ) BEE B RE SREEREREE Do 33 B e & RREE SRR PERNE PSS 3 ¥ Whag F o 8 Fikon "Gota. Uindreds. 72 Am Con Oilfids.. . 184m Maracaibo d 1 Am # rit-Al 3% ! ‘3a “ ;2 Sales ll (o oty o e e o es 4 Fate e S - = S o S W OEERR RINRRRE FE SO RN o - [oorey 2, 12EER e wSeas 2 o 0 L BB B RN B S & IR " ) e oS o - S5 SO ks 2008 105 OV S B3 # e o, SR SIS ON B ORR AR SRR 532500 ouomsSt o SR RS A ORE XSRS D :.nrr“', New York = * 3 22 & R EEE AR FFEIESE i W OER SRR 20650 S *® Eogpgramgec? oteggube onitu BRBIBRREESBRE 5% - - - PR R BE R R RS e % HSbr A R e INDEPENDEM. VIL nocu. ES I S S FRORE R FARR ES or® e 3 Lone Star G n Del 53% 5% Magaal ‘Bond Oil n, 19 Mount Pi 1 Nat Fuel Gas u. TANDARD OIL 1S STANANR SUbst AngAmO non Vi oS in unlu Gal 1200 oL A" 0 _Can n z::uuu inter, Pet © Nat Transit nm Northern P L hio » R EESEEE! 5 - Earameeacsie EREGREEE RO 200 1500 3nuum oil +Sales in thousands. 51 Ala Pow 4%s wi 1 Allied Pk ... Com D1 Cons G Balt ‘o8 ¥ 103 s G Balt 68 A 108 6. 96 - = ceececseatttetiee SSEESSEEREESSIErte EFFR RS it FEEFE .g.uu o) 42 }:‘nrmn‘umm 3 10 HygradeFoodbswi L3 12 Indiaparal, os 23 [t Match by [ et et 9 L o . kD oA b Gan(,%k 58,00 Ssee pSsgsses FFEESTE SEEEEE SR R SRR ms;s:g % EE@!:E&‘ H SesSorsset RS EFE IR PO SERE FE SERRRE ST i - e 2 Cc 0ot (o oy cSEEEEe REESREE! ceSSEes 85 = @ 3w 2G2S S 102 - T corcerocoeteoocoe e 3 3 ZESH FF STEEER SEEREE b « £ ¥ - =g S _rm e cheche e ! PR R 14 s n o Edose s, EE e, EGESmE 3 Ewdd e S5t SHE G G G N GG G B Ty ey gEgEserEaes % SegEEEs ool EE! ~ig5E g5 "v«wl EEESS g .. S 55 5 EgEE S i BesetEEtes ERERREER BRSNS SRR b i oS! ! ESE R o < 2 <5 oS EE! 5 2,288 " L £ & s ExcE e K BE= 3 1% coeetleetol - - oy ot S F ! 55 ! S5 /| Yl £ & s misB i Soom oSS e Bt an e ornme i <qciacacicn EE puls® 5 E;vmnfga g #_pet Sem_n s R, oE SR eSS SRREEEIE e ol Eoo! DO g2 8zEateetioet 3 20 £ 9 o & Sales in thuunndl. - e er Ik caoaegemenonn Spgsectzeostessony R RERR #}W‘M*mm# 2 < H B o EEES ) S < Sceootas! BREE) 2 K 9& e g Bran 70108 7 u-om B%s n 18 ‘”SEEBEEEE&ESZSES% 2 bl Rz Es:g noe s oomis ke asErSoroammnat: s ncfs 16 Foty r- s 68 A 101 ity 78 93 1 178’45 99 78 5 a Vs Govt B 100 88 Gov! ?EOE 7es. 10 T8 8 @, SEEBE =1 'u.E - ™ oy SaorcoSrmmess Lo B =) = SRR SESEEREEEEESEE! £l " .. T — SRS R SERREESEREESRESE i 5 =55 St el seos! f £ TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) &u—)nmrm _— 3 18 1 vt. 18. 1033. W i afs Mar. 15 1033. 3 09 31.33 100 00 %42 10¢ 1002-32 1004-3%2 FOREIGN EXCHANGE. (Quotations lumllhedbem‘W le.ill“bbl Co.) ing checks goid value, 8665 548502 mmr. LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) . Asked. n:fifii S Soo0e! S3:22 W P S-—E%fig&%fi?—ii&%g I b Tax on Bank Shares Set Aside. ‘Taxes imposed on chares of national banks by Montana under its law of 1921 were today set aside by the Su- prem: Court in three cases brought by the Commercial National Bank of Miles City and othe-s, it 1aversing the lower courts on autorities cited. e oy Sydney, New South Wales, will hold & national exhibjtion in 1081, FINANCIAL. SECURIT 'Y SALESMAN rienced. capable of selling et chase bu men. to Soument sccunios tlon. | unjimited Box 129-R. Si Permanent, 1 | TIOR0 AT JIL fTN0p0] B G e e auj I I IR % 1T Natlonal Metropolitan 113 113 Ba Years Year Old Old 15th St. opp. U. S. Treasury ‘osr oafRortunities Address FIRE—AUTOMOBILE—THEFT TORNADO Le Roy Goff KANCE ches ~ 610 Wooiward flulldm(l high: sell Capital, Surplus & Undivided Profits, Over_ $2,000,000.00 If You Have Friends or Relatives Abroad —to whom you wish to send Christmas remit- tances, we invite you to take advantage of our facilities. TWe issue Forengn Drafts on all countries, make Cab]e Trans{crs. etc. Safe Deposit Boxes at Moderate Rentals. OLDEST NATIONAL BANK S IN DISTRICT OF COLUMBIA 3% Paid on Savings APPLICATIONS INVITED for LOANS cn IMPROVED PROPERTY Located in t and adjacent and Prince he District of Columbia Suburbs in Montgomery Georges Counties, Md. 5% IN TEREST Apply to H. L. RUST COMPANY LOAN The PRUD! CORRESPONDENT ENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 6888 SAFE FIR Over a Third of a Century Without a Loss B. F. Main 2100 THERE IS NO ST MORTGAGES CHRISTMAS GIVING —usually tries to avoid the giv- ing of foolish, senseless gifts. As you make out your gift lists provide in them—for some one in whose material welfare you ‘are particularly concerned—for investment in our 6% FIRST MORTGAGES These are practical gifts, be- stowing values that cannot be misunderstood and renewing remembrance with periodic in- terest payments regularly throughout a term of years. SAUL CO. 925 15th St. N.W. SUBSTITUTE FOR SAFETY Storage Cabinets OR neat, orderly, dust- proof storage of office supplies or miscellaneous articles. Adjustable shelves may be placed to meet any requirement. Carefully built of high-grade sheet steel, beautifully finished. the Walcott-Taylor Compaliy, Inc. & Suite 201 Mills Building Franklin 2204 Washington, D. C.