Evening Star Newspaper, December 30, 1927, Page 13

* FINANCIATL. COTTON 1S STEADY: SLIGHTLY HIGHER Considerable Realizing Is Ab- sorbed—Covering and Trade Buying Noted. Dy the Associated Pro NEW YORK. December cotton market opened steady tod a3 advance of 3 to ronths selling at h gher in early trac on continued Consid N an‘h selling arc Liverpocl wa New York adva cables rep £peculative 1 d - due on the . Private sale of country fe ing that um of t lmm-: 1'\‘ T reali March up l\ 1 points net hi held within around m before, making comp: ases in production re shown by soft- of 210 . LEAD EXPORTS DROP. NEW YORK, December 30 (®.— Imports of lead in N short tons exports were 8.4 ‘449 tons in October. Exports of zinc totaled 2015 tons in November, agains 4,940 the month before. in October, and tons against 11, Mortgage Money Loaned at Low Interest Rates Economie Conditions Tyler & Ratherford Motual Beneft Mam 475 oent ife ine. 1520 K Street Money to Loan Secured by Srat deed of trust on real estate Prevailing interest a Weller AN ranches €10 Woodward Building Second Trust ney | E: v | Wash. Gas 6s ser | Wash Rwy Wash. Ry, & E If you want a second trust Joan to refinance your property see us. Loans on D. C. real estate made at low rates and on convenient terms. INBOND MARKET Convertible Issues Gain—St. Paul Issues Also At- tract Interest. . BY CHARLES F. SPEARE. pecial Dispateh to The Star. NEW YORK, December 30.—There revival of speculation today in al bonds and an active demand for the Chicago, Mil- waukee & St. Paul defaulted issues in vmpathy with a rise in the stocks of the road. Trading was not quite so active cither on the board or over the r ng below 120 yvesterday, S-point decline from the high of week, Andes Copper 7s jumped D 5 points today under an accumula- d on the movements in cop- Anaconda 7s joined in demonstration, rising a _point. coklyn Union Gas convertible 5ls i an early decline of 8% points d them 15 points under high. as also a substantial reac- tion in Liq Carbon 65, which opped under 130 after closing at 132. olidated Coal s, Dodge 6s, the ons and the tire and rub- ues had a heavy tone. Armour & Co. bs were bid up a poin Since the dend on Pan-Ameri- can Petroleum stock was passed, the nt first mortgage convertibles, 140, have slipped off steadily and were today below 93, where they yield t 7 per cent. They are converti- B" stock of the Pan- American Western Petroleum at_§ a share to December 15, 1928. Last ut five T the cover will be Pan-American Pe- ansport convertible 6: . and convertible into cla common at §70 a share, are sell- This company capital stock of the Pan-American Petroleum Co. The move in St. Paul refunding 41s ried them to the highest of the r. The other issues went along with them. The appointment of an ggressive traffic getter as president of the road and an early decree of the Interstate Commerce Commission permitting the reorganization plan to £o into effect were the influences be- hind this rise. Washington S.tock Exchange SALES. Capital Traction Co.—10 at 110, 10 at 10%. 10 at 110, lectric 68 p1d.—5 lectric 84gs pia—Y 2t 108%. 5 10 ;\ aehmnon Rwy. & Electric pfd—10 at Cofimbia Sand & Gravel pfd.—5 at 1043, 10 at 104%. Eederal; Ammr.n Co. com—2 at 38 De—: Sanita (.rmi ptd —15 at 105%. Wooiward & Lothripe10 at foshs“ AFTER CALL. Capital Traction 56—$1.000 at 1043 Sl M T caiment bl B0 at tional Mtge. & Investment pfd.—20 at :;u:]rmu Electric 5%s pfd.—2 at 108%. Washingten Loan & Trust Co—1 at 500. Washington Gas tis A—$200 Mones—Call loans. 5 and 6 per «m Nofice—This_ exchaoge will close tomor- row, Decem! Bid -nd Asked Prices. BONDS. PUBLIC UTILITY. Amer Tel, & Telen dn American Te! & Telea. . Tel, & Bid, Asked. 06 % THE EVENING STAR, WASHINGTON, COPPERS LEADERS |[ox e xox BOND ed by Private Wire Direct to The Star Office RAILROAD. sl-m High UNITED STATES, (Salee_are 'n 81 000.) 101 20 103 12 100 20 103 29 108 107 26 Close. 101 20 Lib1st 4% 9 108 15 Lib3d 4ys 120 Libath ¢¥s 97 US 3% 43-47 11 US3¥s... 2 US4s1044. 1 110 28 US4%sb2. 4 3115 24 FOREIGN. Sales. High. Argentine 8s Ju by 47 100% | Argentine 6s Octs9 5 100t Argentine 6s A... 100% | Argentine 6s B. 9974 Australia 6s 1955, Y% Australia 68 1957, 9T 6 104 103 10 110¢ 115 24 Low. Close. 1004 100% 997n 100% Bank of Chile 6% Belgtum 6s . Belgtum 61 1 Belgium 7s 1956 Belgium 7s 1956 1y 1064 5 1044 114% 2 109 103% 99% 106% 103% 106% 104 114 109 9TH 107 96% 102% 102 101 Buenos Alres I8 67 Canada 53 1931. 102% 102 1024 102 101 e 110 96k 93% 100% 103 105ty 109% 105 110t 105% 105 1054 108 95% 100 105% 1064 115% 1104 1057 99% Chile 83 1946. Con Pow Japan 7s Copenhagen 6s ct. Copenhagen 6% Cuba 6%s. e femBactinm & 100% 10214 105 Czecho 8s 1961, Czecho 8s 52 Danish Mun! Denmark 63 Dutch East | 6s 47, Duteh Bast ) 6s 62, El Salvador 8s 48., Finland s f 63 45. 10815 110's 105 105 1051 108 95% 100 105% 106 S oreats ook 10619 09% Mexico 4s 04 asntd. Milan 6%s. Montevideo 7. Netherlands Norway 68 1952, Orient Dev deb 6s. 1084 114% 105 105% 914 106 106% 100 103% 9 Riode Jan 8s Rto Gr Do Rome 6% . Sao Paulo 8s 1936, 8ao Paulo 1960 Sazxon (PW) Ts. Selne 78 42 e BuSem Wi omE e D Tokio 6%s 1961... Utd Kingm 5%829 15 Utd Kingm 61837 14 Utd Steam Copen 6 17 954 Yokobama€swi.. 4 94 93% MISCELLANEOUS. Am AgriCnem 1% 15 106 104% Am 8mit & R 18t bi "3 102 1014 Am Sugar ref AmT& Teltr 106% b B 2 W. H. WEST COMPANY | Founded 1894 916 15th St. Main 9900 Buck & Company BROKERS Eatablished 1916 Stocks Bonds Grain Cotton Write or call 1or weekiy market letter. Ko OYligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Frankiin In Nx.lrby Virginia Prudenhal 5 1/ vlnsurnnce Co. 2 Loans Commonwealth Investment Co. 917 100 M—_'fi W Phone Malu 2023 Continental Trust Co. 14th and H Streets Capital $1,900,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptence Credits Collections Reel Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H & WADE H. COOPEK Fresident Capital $1,000,000.00 treets Chase Paver fe .. Rwy. & Fieo NATIO! Capital. ... 430" 500 TRUST COMPANTES ity & Trum Co..33447 sl Tromt % Bank 16 N rust. . ¥ ek 11 818 & Trustl, 405 AVINGS BANKS. ‘& Com. Bank = s e FIRE INSURANC 100 11 14 ted under Eachunge BONS Asked iy, ayy Club B w1 o) Saviygs Bauk tieunt Buvipus Bank {hak ' .L..lw.‘ 0 b RUBBEB STEADY, W YORK, I mher 3 (e Hubber, wnioke ribbed sheots. wis unchanged today M 41% a pound fup w noon, This compsres with 41 7 A T& Toltrbs.. 26 &8 AmT& T deb6%e 10 Am Writing Papés 1 Anaconda 1st8s.. 39 Anaconda cv db 78 186 Andes Cop 7s rots. zlfi 88 Atlantio Refin 1 Barnsdall 6s 1940., 26 Bell Tel Pabs B... Bell Tel Pa 68 C. 21 Beth Steel p m b 5 Beth Steel rf 6s... 1 Beth Steel 6%8 63, 3 Beth Steél 18 30 Bush T Bldg 68 60. 1 Cbile Copper b 90 Con Coal Md 1at 68 14 Con Gas N Y 6%s. 100 107% 108 Humble O & R6%e 2 iilinots Bell 1st bs. 1ilinots Steel 4 Y% ». Int Mer Marine 68, Int Paper 6s 47 Inter Paper fd 6 Int TelkTeleg Kan CP&L 6n A Il. Kan O & K168 63.. Kelly-Bpring 8s. .. Luckawa S6860... 5 102y 102 Laciede (3 6 s 63. 105% 1054 Liggett & Myers 78 22 122w Loriliard (P) bs. v8 Lortllara (P) s, 16y Loulsy O & 156w 63 104% Munat! Bug st 1!‘- 100% Midvaie Steel 68 1014 Montana Pow 68 104% Mor's & Co 1nt 4148 B New Eng Tel NYOKLHEP 48, N YO L H&P b 1044% W6 106 105% 1064 1084 105% 1064 108 106% 101 104% BbYe 107% % North Am din Nor Obio T & L Nor Btat Nor itat an Gas & ) a0l & T 1ut b a0l & T 6o 62 Pan-Amer Peta fs 106% 104% 1044 106% 103 106% 1020 10800 102 104% 1047 107% 105 v1'% 0T 97 1004 100 w10 9 101% 10t 1060, 1038ty 17 1081y 1071 Yir 1041y 10 1% "l 10614 e 104 1024 1001y 106% 1064 108% 1044 106% 101 104 1061, 1020 1064 102% 104 1009 10ty 104 1070 10/ 07 Pitls Co bhu a8, .. PhilaCocf6n A, . 2 Phils & 110 ¢ & ) by 8 *or 1t Am ‘Tob 68 Fublic Bervii Hinolate O Binclalr O1) 8% sinelan Ol Tn. sin Crude U1 o0 10w Toledo Ean 1st 18 United birug s U8 Hub st ef b 0N Hub 1% 1) H Hieal of Utah Fow Warner Hug 1» 89, Warne: Sug Te 41, V\ wstn Unton 6% e, Hinghouse be. Wlllil Ov 640 b, ) & 10814 106% 1o’y 101 [y 10t 1 104 1024 101 106% 101 » 10644 e 104 1024 10t 06% B & O Toledo 4s. Brooklyn Elev 6138 Bkiyn Manhat 6s. Buff R & Pitt 4348, Can Nat 4% s 64.,. Can Nat 4%867... Can Nor 4%s 1935, Canad North 6%4s.. Canad North 7s. Canad Pac deb 4s.. Can Pac 4%s 46. Car Clinch&O 6s 63 Central Pacific 4s Cent Pac 13t 68 90. Chesa Corp 5s w1 Chi B & Q gen 48 63 CB&Q4%s 71 B, Chi B & Q 1st rf 63 CB &Q-111 dlv ¢s. Chi & B 11 gn 6e 61 28 Cht Gt West 48 63. 125 CM & Puget S 4s.., C M&SLP 48 25 of: CM&SHP deb 4scfs 64 CM&SPeve hs3zets 116 CM&StPgn4als 1 CM&StPrfals. 3 CM&SP rf 4%scf. 310 L\)mS(Pcvbu.A 10 St Pcv bs cfs 101 Chi Union Sta 68 44 (- Chi & W Ind cn 4 C& W 164n 62, CCC& St Lbs CCC&StLrf6sA. Cuba R R 6s. Cuba Nor S%tcl.l.. Del & Hud 7s 30. Den & Rio G cn Den&RI0G 4%s 36, D Rio G West 5 Erte gen 4 Erie conv Erle conv Erle Genessee R Erle (Pa) cit tr 4 Fla ECb8 74 Gr Trunk stdb Grand Trunk 7 Great North 5s. Gt Nor 4%8 76 Great North 48w arESa ®SE 111-C-C StL&NOV 5. Int Rapid Tran bs. Int Rap Tr 68 8tpd. Int Rap Tran 6 int Rap Ti Int & G Nor 1st int & G Nor ad 6 Int Rep C Am 65 41 Int Ry C A 6%s rot lowa Cent rt 4s. lowa Cent 1st G8. ... Kan City Ft S 4s... o b Kan City Term LAI Mnlxn Vaicn 4s Long Is rf 4849, Louis&Nash uni L& N 4%s 2003, Louls & Nash 7s... Man Ry 1st 90. Market 8t is 40. M St P&SSM co b8, MSLPESSMosI3ELd M SLP & SSM bW StP & SSM 6 NYC& St Ldb NYChi&StL 6% NY NH&H db 48 61 NY NH&H ev db NY N Hav&l N Y Ont W st 86, N ¥ State Ky 4458, NYStatelly 6%s 63 Northern Pac ¢ Nor Puo 444m 2047, Northern Fac 6s L. Northern Pucr ) 63 Ure Short L rfi Ure Wash 18t ¢ Penusyl 6 e Pennsy gold 7 PUCKSLL 08 B8 76,4 PCC&BLLOS A Port R L& b Port R L I 6n el Itio G Westcl 4n BUL AM&S 48 LY. Sl | M&S go be $1 HULAM&S & BIL&BI DIeBA. SUL&BY prinbe. StL&SFOoWBaD, Ban A & Aro P Heaboard A L 4 Heabuard AL ¢s ot Boab A L ret I Hoab A L ad) b Hoab A 1, 0ol 8n. HILAL Fla 68 36 A, 5 AL Iln b 8018 BOU Fao 48 LY. Hou Pacifio olt Bou Pacilio ref Hou Pac 4 ysA 7., Huu Iy gen 4u. [ Buu Ity Con oe b4, Sou Ity 6w 06, . Bouthern iy 6% Asso 8 L FOXAIK 1 0w b0 Jex & buo bn (1 1t Third Ave (el 4s 60 Fuird Ave ud) b FOLTr Lk 6w 80 Vao 1ot : st yfan Un Fac s4e o7 Wabinah 40 68, ..\, Wabaan 6a 160 I Wabanh 64s 1 Want Maryland Wastern Md bl o be edn kbl i [ 93ty 98w 93% 95 l(?O'& 1007 1005 1oy 103 10 1080 1064y wi 1020 1004 ok I STOCK EXCHANGE 95 100% 104% 105 109% % 95 100% 104% 104% 109% 102% Uik 1 96% 106% 89 94 111% 9644 106% 20 o4 9614 974 4 100% 100% 100 121% 98'5 114 102% 894 1094 1164 106% 100% 99% 112% 1154 94 101 2% 94 93k 1014y 100% 114% 102% 894 109% 16 1074 100% 100" 1124 115% 9% 101% 924 94 93% 101% 100% 1091y 108 Y 106 e i + o6y Wi 1134 1om ITHIN 10b3 1 14 it 108 o N Loin TN ui 105 104 1054 101 i s v 10 n 102% ol 100 1004 bk oy T 100 10 105 (LUEN 0 1040 1000 ity 101 1o0by et v 1ty vy v ire Ob fish was & featureof a ntly glven by the Bmperor of D. O, TRADING IS DULL IN GENTER MARKET Fish Supplies Attractive. Few Changes in Prices Are Reported. A continiied inactive condition of the market was reported this morn- ing. Local merchants have been try- ing to get rid of their surplus Christ- mas stocks this week, according to reports, and the demand has been anything but gr Marine products were fn greatest demand this morning for the Friday trade, and deale: at Municipal Fish Market had attractive supplies of numerous varleties of fish and oysters to meet demands. Meat dealers, reporting a quiet market, said they never expect much of an increase in business untll the first we ("‘k in ary, consumers usu- y purchases just be- no changes in prices have been reported this week. Wholesale Prices Today. Meats, fresh Killed—Beef, 20a25; veal, ‘24 . 26 fresh hams, shou!ders, 22; smoked 24: lard, lambs, 2 strip bacon, calves, alive, 1al —One-pound 54a55; store_packed, sh selectel prints, 31 hen- Fruit and Vegetable Review. ‘Today's market report on fruits and vegetables compiled by the Market News Service, Bureau of Agricultural Econom say Apples—Supplies moderate; demand light, market steady; barrels, too few sales reported to quote; boxes, Wash- Inmnn, medium to size extra fancy Delicious, extra fancy Spitzenbergs, 3 Romes and ome large e, ripe, nter Bananas, 2 bushel baskets, 1 inches up 2 I’Nm'-\l\’lrl'l s up Staymans, 2. 2% inche No. 1, 2% In 0. Cabbage—Supplies moderate; de- mand slow, market dull; South Caro- lina, barrel crates, pointed type, 2.00a Norfolk section, Virginia, bar- avoy type, 1 k. per hundredy type, 1.00; few low as Celery — Supplie: light, market ady: New York, 23 crates, 2.00 few higher, fair quality and condition low as 1.75: California, crates, fair quality and congdlition, 4 .00; fan mostly 0; few higher, Lettuce About Steady. Lettuce—Western; supplies liberal: demand moderate, market about dy: Ar)/un crates Iceberg type, 45 dozen, few high as 3.50; Eastern, supplies light; demand mod- erate, market steady; Florida, 2-dozen crates, big Boston type, 2 50; few higher; 1!4-bushel hampers, Boston typ 2.50; be: N ‘Onions—Supplie: i demand | moderate, market firm; M(r‘hlm\n nnd Ohio, 100-pound sacks, yellow S, No. 1, medium to large size, 2.40a2 Potatoes—Supplies moderate; mand moderate, market about stead: Michigan, -pound _ sacks Rurals, U. 8 0. 1, 8. 35 Green Mountain: pound sacks sacks, 3.60a8 Spinach— hly: Russet Maine, No. 1, 12 27502 120-pound 65; mostly !.10 upplies liberal; demand moderate, market slightly weaker: Virginia, Norfolk section, bushel kets, Savoy type, 1.25a1.40; mo: Texas, bushel baskets, Savoy e, few sales, 1.50. Sweet potatoos—Supplies light; de- nd moderate, market firm: . cloth-top barrels, 850a3.75; Virginla, Norfolk section, cloth o, barrels; Forto Ricans and Nancy Halls, fair quality and condition, 3.00. Tomato Market Dull. Tomatoes—Supplies light; demand | light, market dull; unknown origin, repacked in New York City, three: rpes, \\rlmmd fnnry count, 1.50; Ohio, medium small size, size, 2.2 few higher. String beans—Supplies light; de- mand moderate, market slightly stronger_for good stock; Florida, 7y bushel ham groen, few sales, best, 4.00; 1 ntines, holdevers, 2.00. light; demand : Florlda, pepper few higher. plant--Suppiles Nght; deman! Ight, market dull; Florida, peup crates, fancy, wide range prices, 2.25; best, mostly 2.00. Cucumbers lght, market al Weatern, lettuce ¢ k Va lity, 1 upplies market stead; fancy, 2.00; light, crates, ¥ Texas, ; few stoady es, 3.00a ut Supplies lght: demand steady; California, few high as 2.95. it ENGINE SHIPMENTS. NEW YORK, December 30 (9 Baldwin Locomotive Works shipped 655 locomotives in 1927, of which 153 Thin compares with eam locomotives ship. ped this \n'il were 456, against 645 last yeu 16, electrie locomotives, against 4 gusoline locomotives agninst 3 LINES INDICATE . MONTHLY Wian nn Low | ARV 000 000§ o W51 08 8N It SHARE ANALYSIS, Whit Is Back of Kach Bhare ¢ ahare FYRIR prefered. . SUNT.08 {0 ) e af Wora Bald "0 'Guiision Stk pave Nab Ve 1000t 1 AT stk o *Figw Nl B1%, o B0 000 shares of com A has e pielvicioe Ny Cimon s (0 newots |lnn;u|t Fuur banker of [l wmaton e 40 val Weaher fo ee back o FRIDAY, DECEMBER 50. dl\K orto | 1.50a -Supplies Mght; demand | 30, 1927. MERGING OF POWER UNITS HELD NEEDED Huge Steam Plants Being Built Up to Assure Con- tinuily of Service. BY J. C. ROYLE, Special Dispatch to The Star. | NEW YORK, December 30.—Steam generated power now accounts for about 6623 per cent of the electric current produced and consumed in America and will continuo to do so despito tho tremendous water-power facllittes still remaining undeveloped in the country. This was the prediction made today by men in closest possible touch with the utility corporations of America and their future plans, in outlining the possibilities for expan- sion in 1928, At the moment_thero seems to be | few, it any, really big important public utility mergers in prospect, especially throughout the great industrial sec- tion of the Middle West. The trend which Is plafnly evident, however, is toward the consolidation by the big companies of the small local plants and the absorption of the latter into superpower systems which are exten- sively interconneeted. The local and municipal utility plants age constant :ing welded into the systems of the < producers, Concentration of Capacity. ‘This is a move along the line of con- centration of generating capacity and the development of transmission lines which tie up large districts for service from central generating systems. Mu- ricipalities have discovered that it is far more dangerous to safety of life and property for the electric wires to fail to deliver their current than a complete breakdown of the police and fire-fighting forces. Consequently every effort is being made to guard against such contingencies. Tremendous preducing units are %eing built and are being connected in such a way that the failure of any local plant will be counteracted by production of current from the con- necting systems. Such plants are now under construction at Beacon, 1Il, where the eventual capacity will be v | 2,000,000 horsepower at Keokuk, Iowa; . Louis, and at Peoria, IIl. attitude of the industry toward this important move for the building up of superpower systems for electric current distribution is expressed thus by Samuel Insull, one of the promi- nent leaders of the industry: “Interconnection, ‘superpower,’ group management, all the rest of it, have followed low-cost steam . generation and distance transmission as natural- ly as day follows dawn,” he said. Water Found Problem. | For a time there was a great deal of talk about locating superpower plants at the mines, but a terrific vol- ume of water is needed for condensa- tion purposes for such a plant, and this is seldom available close to the mining properties. Now the generat- ing units are usually being built at a point where there are good rail con- nections and which at the same time is located near adequate water sup- plies and adjacent to heavy consumers of current. In outlining his idea of the super- power plan, Mr. Insull said: “First, communities to be served are grouped into electricity supply systems, with centralized production {and operation. systems are | then interconnect ¥ h_tension | transmission lines. Frequently, still larger central stations are built to supply current to the interconnected vstems. Thus the positive economies | of centralized operation for community | groups are duplicated in system £roups, or superpower systems. The only real difference between the | ‘superpower’ systems and the smaller community group systems, is the dif- | terence in_ the size of the figures re- quired to describe them.” [ Absorption of Small Firms. | There are now about 125,000 miles .| of high tension transmission lines in the United States, with voltage rang- & from 11,000 to over 200,000, About {325,000 farms are now being given central station service. *|""So marked is the tendency toward | the absorption of the smaller utility | concerns that such companies are be- | ing tempted by high offers in all sec- tions of the tountry. Leading utility | men say it is often economically justl- 1' able ta pay apparently too mach for | some of the properties to be grouped. | When properties are necessary to | round out and complete a group situ- | ation, the price paid for them, it any- | where within reason, is relatively un- | important. Public utility men say this general | consolidation, “which is bringing the | little companies into the big concerns, | wiil continue until good electric serv- | ice 1s practically universal throughout | the United States. WHEAT VALUES SAG IN TODAY’S DEALINGS | Buying Power Is Light—Better| Weather Gives Corn Bears Some Advantage. By the Associated Pre CHICAGO, December 30.—With sell. tng from the Northwest in evidence here, and with buying powe: wheat prices early averaged a lttle | lower today. Hetter weather gave | some advantage to bears fn the corn market. Opening unchanged to § up, wheat later sagged all avound to well below yeaterday's finish Corn started 1o 1y off and subsequently underwent a moderate general set relatively firm. Pro- A With & leaning toward lows er prices for wheat found significance today In advices of enlargod offerings from the southern ports of Argens tina and in Liverpool quotations low- or than werv looked for. On the other hand, Avgentine shipments as a whole for the last week were a mil- lion bushols short of the previous weel's total and shipments from Aus tralia were also reduced In additlon to lower temperatures o fucilitate husking and the movement of (he oo oral males of corn to ba shi ped to Chicago from Omaha attracted much notlce in the corn pit today One lot of 75,000 hushels of 4 yols low waa reported to have heen works ed at 9 cents undor the Chivase May delivery, 80 daya' shipment, This was Yy-cent lower basis than the last provious sale, BUTTER llNCHANOED CHICAGO, December 30 (3 —Rutter unchanged; recelpts, 408 tubs, Kggs unchanged, tooetpts, $000 Cascs, kit oAt DRY G00DS UNCHANGED. NIW YORK, Docermbor 30 (3peciall The drvkoods markets wera falvly quiet today, With @4xid print claths unchanked At 84 and 65\ down 1o oat Wl Raw ik was o, active | and unchanged. FINANCIAE." Money for Construction We are interested in Washington building projects, where,er underlying soundness of security-is shown. We are ready to finance such projects through mortgage loans. No amount too small to command quick attention nor too large to make necessary the slightest delay. Low Interest Rates and Commission Immediate Answers on Applications B. F. SAUL Co. Main 2100 925 15th St. N.W. Burglary Insurance AN ZTNA RESIDENCE BURGLARY POLICY guar- antees to pay you the full insurable amount of your pos- sessions that are stolen and not reclaimed. It covers household furnishings, silverware, cut glass, books, cloth- ing, jewelry and all your other treasured things. It guards your property constantly, even if you are away four months in the year. It even pays the cost of repair- ing any damage done to your home b‘y burglars. This policy is extremely liberal in its provisions, yet the cost is but a few cents a day. Act now and secure your home against all risk of loss. WILLIAM R. ELLIS Profits, Over_ $2,000,000.00 Christmas Money —will find profitable employment in Our Savings Dept., and will earn you 3% Com- pound Interest. {{Show that you are worthy of your Xmas cash and yearly bonus —put them where they’ll increase, OLDEST NATIONAL BANK IN DISTRICT OF COLUMBIA 3% Paid on Savings "National Metropolitan 113 B ank Years Old Loans on Real Estate 3,5 or 10 Years WE BELIEVE OUR ECONOMICAL PLAN OF MAKING LOANS WILL APPEAL TO YOU Residences, Apartments and Business Prop- arties "-':dumwu' and nearby Montgomery Co, OSSHPHELPS Founded 1907 Loan Correspondent John Hancock Mutual lnsurance Ca. 1417 K St The New York Life Insurance Company Offers to Make - First Mortgage Loans On lml-n\ved Real Estate in the Distict of Coh-bh and Nearby Suburbs in Montgomery County, Md, for 3, 5 or 10 year terms on your 5Y2% === RaNDaLL H. l-lAn NER & COMPANY coporated MORTGAGE u).tfl CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 ' Apartment Home lght, | SILVER QUOTATIONS. NEW YORK, Doceinber 30 (.. Bar allver, 840 Mexivan dollas, Re-Invest Your January Funds 6%2% Federal Security & Mortgage Company Insured Mortgage Bonds These Ronds are unconditionally guaranteed as to prine intervst by the Federal Security & Mortgage \\mv“:‘v&m.x sources of over $1.000.000 0. and the Equitable Surety Cumpany of New York, under superviston of the New York State Insumanve De. PArtment, With resources of over §2.000,000.00. Independently trustead by a local National Bank. trusts on conservatively appe Distriet of Columbia, a Sacured by Al owRerocvupied homes W the District of Columbia tutaw up to § mills. Yield 6% Naturities ¢ sl tax refunded by the SCompany per annum 0 1 Years C. E. MORAN & CO. lavestment Bankers 1716 H St. N.W. Washington, D. C. C. E. Moran & Co. 1116 1 St NW. “:l:t‘:‘:“-d we infarmation regarding Warhiagton, B O Addvess .00 B R R PR, AALTAALEIEE LRI AT AR RN A