Evening Star Newspaper, January 1, 1928, Page 15

TfiF SUNDAY STAR. WASHINGTON, D. C. ARY 1, 1928—PART 1. FINANCIAL ‘VA[ SAREFIRM | BOND SUMMARY FOR THEWWEEK | | IBOND MARKET . WE FINANCE 1st Trust Loans —alt classs o1 income.roductns oroperty Ane Ameunt D. € and Montgomery County Large Construction Projects FRED T. NESBIT 1010 Sermant Ave W w2 TABLE SHOWING FLUCTUATIONS OF STOCK MARKET IN 1927 U8 BONDS Liberty 3ls 1932-47 Liberty Ist 448 1932.47, Liberty *d 4148 1928 .. Libarty 4th 4% 1933 38 Treasury 4% s 1947-63. Net ange Large Loans a Specialty Current interest rate and ~ommission Higbie & Richardson, Inc. Divicend i dollars. (Continued_from Page Th T G High 1113 0 m\! 10117 103 18 101 .’I 100 1 104 12 108 1. s 110 5 Disilend Net : indoitars Itigh, elinnige o0 lll(h Uneveful Session — Some of kent Favorite Con- vtibles Advance. Br the Aviated Prass. ! NEW ORK, December 31.—The | bond nuet today closed the year| with onef the most uneventful ses The relatively small offerings, about $66. combined with sions in?21. valume new 800,000 1 the weck, continueasy time money rates, con- | tributed an undertone of firmness despite ar end realizing and read ~tment( accounts, Total sales on | last ¥ were slightly more th n $6.000,00vsomewhat under the nw:.‘l srt Saturday sessions. s of activi of the re but clog well e peaks, egblished earlic Modera buving of in furthe lection of early Intet Comy '\H\hol decision n Eave lhnur firmness, | ing leader « Srie Bs, hiesapeake Cor 58, 4 4 Missouri Pacific , all held irm., but attracted m‘l\ per- ¢ atention. It appes raders were m:h grade investment bonds ing the nex major development. Rock Islar pon d- inter. Winter g domestis export, | No. Today being the last day_on which they can be sdd or offered for sale, shippers are advised 7ot to ship any more rabbits to this market, as there will be no outlet for them and sh ments will be a total loss 1o shi The dressed poultry market cleaned up 1 well, but owing to the warm weather prevailing prices had to be shaded considerably, especially on heavy gobblers old_toms, for which the demand was limited and| this stock had to b sold low, mostly in a jobbing way. "he market closed quiet today and values uncertain, there be consigrable poor stock | carried over. Owng to the warm weather prevailing today the outlook for dressed poulry next wesk is rather uncertain and unless the weather turns cgd, shipments of live k are advisable. The live poultrynarket held up betwr end closed steay with stocks fairly well cleaned up except on large gob- blers and old tens, which were in ex- cessive receipt ind had to be carried over. Young Ien turkeys moved out readily and prees held fairly firm at 3% 10 42, but @ old toms and crooked breasts it wss more a question of buyers than srice. Demand for large, fat Spring chick- ens and brojers was good and prices | held firm 1 the close at Z6a2%, but | on smaller sock as well as Leghorns prices had D be shaded. Heavy, fat old. hends, £12 pounds and over, ‘also | 25, but all | As a rule | nd for pouitry slumps after the end shipments should be ted nest week. The egg market rules steady 21l week under only fair receipts and demand fairly active for | new laid native and nearby stock. | The market closed today at 43 cents 2 dozen for firsts in free cases and 38a4l for current receipts free cases. White potatoes have been in light receipt the past week, and un- der an improved demand the market rules firm and values a shade higher for well graded round stock. There is & good demand at 1.75a2.00 per 100 pounds, but McCormicks and reds will not bring over 1.00a1.40, while barreled stock sells mostly at 2:50a3.25 for No. 1 potatoes and 1.25a1:50 for No. 2 stock. Demand for native and nearby garden truck continues fair, but it | takes choice stock to bring sutside prices at the following quotations: Beets and carrots, 2.00a4.00 100; 7 hamper; kale, onions, 1.50a2.50 per 100 pounds; oyster pl; .6038.00 100; 4050 Savoy cab- #pinach, 1.00a1.50 30240 basket for basket for un-| bushel, warhed and washed. The live cattle market rules gen-| erally quiet under moderate receipts but with the holiday season past de- mand is expected to show an improve- ment in all lines next week. Boat arrivals continue largely of common 1o ordinary stock, which moves slow 2t inside prices. Quotation today at Light street wharf Bee? cattle, fir 20a25% 3105, calves, 5 fat, arge, rough, & to 10; rough 10 common, 1 to sheep, choice, & to € old buckm, lambm, Fpring. ch 13 0 : tair 1o go0d, common, thin, 1 1o & 0 w9 sows, € 10 7 ve pigs, 13 to 15| BUILD!NG OPEEA‘HONS YORK 31 P — opers n United for 1927 sre estimated #t 5.500,0 0 by B W. Btraus & Co 5 lows of $700.000,000 from 126 and $1 600,999,000 under 1925, The estl mste i bhased on bullding permits s ‘ sued in the 500 leading cities of the country snd does not include engl neering projects. The net decline in Lullding m il prices for the y ronged from 7 10 39 per cent with an Sncrease in labor coxts of slightly Jess | than 1 per cont. The efficiency of la bor in K crafte im Kre row 1k titne wine of the war, resew pald CLEARINGS SMALLER. YOIK, 1 41— ne Northern Ne ring | Honsme Awsociation vepurin clearings | 3 bl for the week ended be. | apsinst $50.995,671 the before wnd 3455005510 w yeur December ook Bl POlli ROAD HAS DEFICIT. NEW YORK, December 31 () Jenry Ford's raltrosd, the Ixtroit, To Jean & Tromon, hid s nel operating de Lt of $444%1 for mber in con w o neome of 594 I November last year monthe Ahix year, net operating € fell Lo §528 184 from §2,120,828 3 the same penod of 1926 HUDSON OUTPUT RECORD. NEW YORK, December 8, ) Jisceon Motor Cer Co emablished & 2w Ligh record output in 1927 with F: venicles. sgainet 263937 In Viast ng €4 cky, ex. 1!l For | the previous record sear. karn Jrus for 1927 wre expected 1o ba the #oond largest in Lhe company's his s % lIDl(l 105% 1001y 105% {1048 1061 1 106% wu 105! 103% 105's a8 1103% 18 106'% 991y 110% 100 P w v W wi's 114% Wt P 109 Lumn e 1045 s 9y i 4 100 1004 sin 100" 1020 1074 921y 101% 104 101% 102% 847 91% 102% 9614 1034 91% 105'% 106 o 9% bl Hich 1004 101 a8y 106 100 114% 110% 100% Low 874 1084 105 FOREIGN Argentine. June ds 1959, Argentina 63 A-1967 Australia 68 1956... Austria 13 1943, Belglum 68 1955. Belglum %s 194 Belgium 88 1941 Bordeaux 6s 19 Brazid 61 1957. Brazil 8= 1941 Buenos Aires Buenos Aires I'rovince 78 Canada bs 1952 Canada 548 1929, Chile 851941 Chile 85 1948 Chinese Govt Copenhagen 618 1944 Czechosiovakia 8s 1951. Denmark 65 1942. . Dutch East Indies 8s 1947 Dutch Kast Indles 63 1962.., French Governmen: 78 1949, French Govt 74s 1941 Erench Govt 8s 1945... German 7s1949... Holland-American s € 821947 ltaly 15195 Japanese 6% Netherlands Norway 543 Pirts-Lyon Med §s 1958. Teruis..... Poland 8s 1 Queensiand 63 1947, Queensiand Ts 1941. Rhinelbe 78 Rio de Jane! Rome 6145 52 Sao Paulo State of. §s Seine Dept of. 18 Serbs. Croats. Siovenes ¥s 1962 Sweden 6s 1939 Swiss 5148 1946 Toho Elec Pwr 7s 1955.... Unitea Kingdom 5%s l"'. s Utd Kingdom 5las Yokohama 68 61 e mbu;mnu AND N 106% 114 Ya'n 108 1% us Amer Smelt 1st 63 1947 Amer Sugar Refining . Amer Tel & Telcl tr 48 l!" American vel & Tel st 58 Anaconda Copper 6s 1953. J Anaconda Copper cv deb 7s lnl, . Armour & Co w.- A‘Jl Armour of Dei Atlantic Refining an. 53 1931 Barnsdall Corporation 68 194 Bell Tel (Pa) ref 53 194 Bethlehem Steel p m 5s 19 Bethlehem Steel s € 63 1948 Cons Coal (Md) !st ref 53 1950.., Cuba Cane Sug cv deb 88 1930 Detroit Edison ref 63 1940 Dodge 63 1940. Eastern Cuban Sug T%8 1931 Goodrich (B F) 68 1947. Humble Oll & Ret 3 % 1932 Indiana Steel 53 1952. Inter Mer Marine 6 Inter Paper 53 A 1947.. International Tel and Tel 4% Keily-Springtield 8s 1931. Lackawanna Steel 63 1950 Laclede 5% Liggett & Myers 58 1951 Manati Sugar 8 € 1%8 1942, Midvale Steel 5s 1936 New England Tl 5 2 N Y Edison 18t 6% s 1941. NYGasELH&Pbs 194 N Y Tel 4 %8 1939, N Y Tel 63 1941. Northern States Power Pacific Gas & Klec 55 1943 Pacific Tel & Tel 65 1953... Pan-American 6s 3 Philadelphia Co rot n 194 Publlc Service U S Rubber 1st t nl 1947 U S Rubber 743 19 U SSteels £ 5s 1963, Utah Power & Light bs 1944 roer Sugar 7s 193 B & O Southwestern Div Brooklyn Manhat s { 6. Canadlan Northern Canadian Pacific d Central Pacific Chesapeake Corpn 6s w 1. Chesapeake & Ohio gen ¢ s l'li. Chicago & Alton 3 4 1960, . Chicago Bur & Quincy 4 %8 77 B, Chi B & Quincy ist ref 58 1971, Chi & Eastern L1l gen 53 1961 Chi Great Western 48 1959, ChiM&StPcv 481933 Chi M & St Paul gen 4 %3 191 . Chi M & St Lrof 4448 2014...0 Chi M & St Paulcv 68 %14. .. Chi & Northwestern 6 4s l’l‘-n. Chicago Raliways 58 1927 Chi R 1 & Pacific ref 48 1934, Chicago Rock Island 4% 5 w. Chi Union Station 4% 1963 Chi Union Station 6% s 1963 Chi & Western 1nd con 48 19i Clev Cin Chi & St Louis 58 D. CCC&StLrefosA lyzy Colorado & Southern ¢ %s 1! Cuba R R6s1962... Delaware & Hudson 5%s 1937 Den & 110 Grande can 48 1936 Den & R G Weat 6s 1956 Detroit United 4% » 1932 st con 48 199/ gen lien 4n 19 Grand Trunk s £ el Grand Trunk 7s 1940. Great Northern 48 197, Great Northern gen b%s 1953, .. Great Northern gon 7 1938 Hudson & Manhattan ref bs uu . Hudxson & Manhattan adj % Lilinois Central 4 %8 Inter & Great Nor ad) Kan C Kt Scott & M 4n 1936 Kansas City Southern s 1960 Kansas City Southern bs lvlv... Lauke Shore 48 1928 Lake Blmu 4n lodL & N Misnour! Pacific ken 48 1976, Missour! Pacific ia ¥, New York Cent deb 48 L N Y Wert & toston ¢ s Norfolk & Western con 4s 1946 Northern Paciho 3u 2047 Northern Pacific 48 1997, .. Northern Pacific ref lmp ¢a 3047, Ore 3hort Line ref 4n 1929, Iere Marquett Port 10 Y b &k Heuding 44w 1W¥] ILATK &L AR 198800 BILIMESR&G NI, ... Bt L & San Fran «d) St L & San Vran lne SUPKCH Line 4% Heahoura Alr Line ref 195 abosrd Air Line ad) Beahourd Alr Lin Bouthern Facific ov Bouthern Facifio col Southern Pucino ref 4s 19! Bouthern iy gen 4s 1958 4 Bouth Ity 1et be 1y 4 Bouthern My Third Ave ud) Union Pasifio | Virginian Ry int6s 1063, Wabash st 68 19389, ,,, Wabash 6%8 1076..,, Western Maryland u Western Pacifa WesiBuoielai b . 2 100 H 1004 100% O8N 104% 1051y 1061y 116 110 107 102 . 108y 1024 1064 EIY 105 v 1044 1045 v« 100 Y8y 104% 101% 108 101 wy's vy val 100! 1020 102 w2 108 e [ 101 K, 100’y 1035 [N 104 104 [ ity (e 104 1030 101y, i, iy T Vin 12 Yy 12y H 1041, 1, 1010 Uh'y by w2 1044 104 0 Vi 100! 1004 98 by 101'% 10904 91 107 103% 104% 98Y% it 106% 94 105 1021y 108 105% 99% 16 1054 1zt 91% 87 102% 100 6 Toxis 102 1051y 10413 1054 1 117 109% 102% Imu bt 104% | w9 | 101y, ! 1004 | 103 61 1024 | 105% | The 1014 Y24 1010 100 oy 109 102y, 103 108 1042 B2 1024 [N 10 10wy, »l 1 13 vo " I‘ s 1018 108 o4, un'ty i vl 104 N 01 vavy ue's Tiw LI ve for 141 | o 100 . 500 9% - A% BUSINESS BETTER INSTEEL INDUSTRY Steadier Tone Reported Copper Market During the Week. NEW YORK, December 31. mill operations in the steel ma last week of the ye of the closing out of December ¢ tracts and the completion of inven the volume of new business v railroads was re ported to| ¥ 1 ar book- ~While | ing December, totaled appr 16,000, the largest month since January. There has heen an in- crease in tin plate mill production and | new business placed in steel sheets, | except automobile sheets, was said to | be heavy. Prices were steady in y tically all positions. Pig iron wa quiet, but sellers maintained quota- tions at stead levels, Rather a steadier tone was reported in the copper market, which was evi dently encouraged by a_ renewal of export demand, and the firmer ruling of London. Buyers for domestic con <umption have shown very little in- terest, even in offerings of small lots per is still producers have held generally ste: Some improvement has Jorted in buying of wire and cable,) but it has not been regarded of spe- | cial significance. | T er here and | inquiry ier, both consuming tractive <hipmen the world's visible supply sing facto) s featured matnly by the | appearance of a fair amount of small orders for prompt and nearhy ship- | e again steady. 4 active a ¢ for February as well as some de- { were the caty il March shipment, mand for second quarter of the year. London ruled steady. Consuming demand for antimony was reported as quiet and the mar-| ket as practically unchanged. | NEW YORK MARKETS NEW YORK, December 31 Rye firm; No. 2 Western, 1.22% f.o.b. ew York and 121 clf. export. ley . % 106 clf. New 5 i dark | i rail, New mixed Mani- | 1.62% in bond. | cif. New . 2 % ). — s ard Wint rail, 1.46 durum, domestic, 1 toba domestle to arriv Corn firm: No. 2 vellow York, all domestic, 2 whit west, cial loose, 8% extra loose, articles unchanged. HUPP SHIPMENTS JUMP. NEW YORK, December 31 (®.— Fourth quarter shipments of Hupp Motor Car Co. established a new record of 11, cars, compared with the previous record of 11046 cars in the fourth quarter of 1 Fonrth | spe- 875. Other | quarter shipments in 1926 were 6,014 WILL CLOSE MONDAY NEW YORK, ew York Stoc curb market, cotton other securities and markets and the banks, will be o POTATOES UNCHANGED 11[“‘\(.0 December 31 (United 8 Depart Agriculture).— Re 56 cars; on track, United States shipments, s _unch oes total pr Money to Loan Secursd bv firat deed af teust on real est l’n\hmn Joseph 1. Weller In Nearby Virginia Prudential l/ Insurance Co. 5 2 70 Loans Commonwealth Investment Co. D17 16th Nt N.W 'hone Maln 2628 First Morumgc Notes | BEARING INTEREST AT 6% Secured on Residence Membar Morteage of Ameri The Connecticut Mutual Life Insurance Co. most conserva- Furnlalies low cost Insurance and annulties. Co-operates with loeal First Mortgage and Construction Loan | tions Invited at Glover & Flather 1808 H St. N.W, POWER INDUSTRY. NEW \()I{l\ December 31 (). — y the electric light and v which the industry will set new high mar on and earnings in the forecast from the Na ectric Light Association. ment of the industry in pl vipment s now $8.700.000,000 and oss income for the year approx- imatas $1,700.000,000. Total taxes|BY paid “exceed $150.000,000. rnings, € wve increased despite a general v«n.l.-m ard lower rates to con sumers in the face of definite diminution in industrial aetivity in | Wi some sections of the country. | | Iy working. in gener; — BUTTER IS HIGHER. CHICAGO, December 31 (). ter higher: receipts, 7,579 tubs._Cr extras, 5015: standards, 47: extra | 2a40; firsts, 42ad4: second: higher; receipts, 4,71 42a43; ordinary firsts, firsts, tions « the v, came for the mission houses, Wheat clo: | WHEAT VALUES RISE AT CLOSING OF YEAR .'| Uneasiness Over Crop Prospectsand Upturns in Liverpool Market Bullish Factors. the Associated Press. HICAGO, De of good . together XD nter whe wheat ol wh lus to huyers. ressure to sell, most Wher ort ations There was hut and the market pa s finish s to 11 up, 31.—Indica- | business in ith uneasiness re- rding crop prospects for . lifted prices today demostic in Upturns in | were also nd that rt from com- A unsettled at the same to 1 oats high- vary- m ¢ decline to 3 advance and unchanged to a rise of 25 HOW IS BUSINESS? untry indicated by bank dehits wetivity whove the corresponding weeks seur. Binck areas indicate declines from aame weeks 12 months ACTIVITY BY FEDERAL RESERVE DISTRICTS. he same week w year azo. Cheek transactions compared with T3 Showing trend of import llmlm‘« in dollars (checks eashed) P! \\ ages (Depart Cost of living (I le prices (Fisher's I x) peicen Department of \grlrnlllln) nt ol oods (car loadings) ..., il trade (Federal Reserve Board) Wholesale trade (Federal Reserve Board Failures (D e . Bond prices ( Stock prices (A Stock market vo (An (shares traded) rights reserved IMPORTANT PERSONAL TAX INFORMATION The law requires a return of personal property, which is subject to the District of Columbia In- tangible Tax of one-half of one per cent (4 of 1%) of the current value, based on values of January 1, 1928 (closing securities quotations Cambridge As Downward Steady Steady vee Heavy ates Boston as of December 31, 1927). 3 P aad NN EINENES Name Address 816 15th St. NW A SPECIMEN COPY OF THE PREFERRED WHOLE LIFE POLICY will be sent to anyone requesting it This policy, which since its introduction on of not less than $3,000 to age of those entitled to sta standard or preferred group cost for their insurance the are bettet-zisks than the average. Novers hene Pte: Net cost end of first year: ium Rates for $10,000 Age 25, $141.30 age 35, $195.10; age 45, $289.20 Brokerage Surplus Bu Washington, D. C. 62% Federal Security & Mortgage Company Insu-ed Mortgage Bonds These Hond< are uncondit interest by the Federal Sec sources of over 310 ) New York partment. with resources Independently trusts on ronservat District of Columbia trusteed vely by a local angibt per annu a Maturities 2 to 1¢ Na appraised owner C. E. MORAN & CO. Investment Bankers 1716 H St. N.W. Washington, D. C. C. E. Moran & Co. 1716 H St. N.W. 15 % Washington D. C. 611 % If you will send us a list of your securities, we shall be pleased to assist you in preparing your return by indicating those which are taxable and furnishing the necessary quotations. We shall be glad to offer suggestions to strengthen your investment position and to assist you in placing current funds to the best advantage. By consulting us you incur no obligation. CRANE, PARRIS & COMPANY Investment Bankers Since 1883 823 15th Street N. W. Telephone, Main 593 May it vestmen Quer a Third of a Century their forecast Without a Loss Main 2100 THERE 1S NO safet SUBSTITUTE ts. your sure 925 15th FOR well-rewarded in all your and income yield satisfac- tion the whole year through. We suggest vour early consid- eration of these mortgages. B. F. SAUL CO. St. SAFETY A NEW YEAR BEGINS sece you fortunate and in- In so far as your surplus funds are placed in our 6% FIRST MORTGAGES N.W. ey OLDEST National Bank in Distric Derive Further Yield P ] H. R. BRYARLY & BRO., MANAGERS Home Life Insurance Company of New York teenth Street N.W. (Rust Building) Re-Invest Your Janvary Funds Please send me information regardiag insured Mortgage Bonds. of Columbra From Your January Funds of your QPrompt depo g and Dividend Checks, l. OUR rest Coupons DEPT., will enable vou to realize an addi 3%%. Why keep such funds id return is avatlable Your Yearly Bonus & —will also be used to advantage L. h the nucleus of a Savings Aceoy politan™ thrift account wit ¢, when this SAVINGS tonal extra Gift Checks Start a if made the “Metro- New Year, 3% on Savings OPEN UNTIL 5:30 P.M. TUESDAY, JANUARY 3rd, FOR PAY DAY DEPOSITORS' CONVENIENCE National Metropolitan Organized in 1814 Bank 14 Years Old 15th St., Opposite U. S. Treasury Capital, Surplus & Undlivided Profits Over $2,000,000.00