Evening Star Newspaper, January 3, 1928, Page 11

TINANCTAL. THE_EVENTNG. STAR. WAS HINGTON, ISDAY, JANUARY FINANCTAT SHOES TO BE HIGHER, ' vl ' |CHENEY BROS. WAGES - — UEMAND llGHTER [—0“ s BON DS STOCK_EX @ ARE REDUCED 10 PER CENT sfl'm'.«é"&?%&'%& o IMPORTANT I d Prices of Raw Materials | E g gt 4R Raceived by Private Wire Dirsct to The Star Ofiice SOUTH MANCHESTER, Conn, Jan. || Secured on Residences in D. C. | to Be Passed On. ’ " EEVERMGOSC v : : Salos, High Low Close, | 1Ay 3 ().—Asserting that “the mar- L)Lt hRos-!.ION'z;’t“:““ll ?vf ‘.flm—"plfir: FUR BUNBS TUDAY flmf,‘rf.? :T.A‘K“E‘,s, T\wilson & Co st s 12 101 101 101 | gin between sates values and costs has M,,m,5:"":}5"“;"“5]". A #hoe prices as a res K Salos Hieh Low. Clyse | Winchester A 7158 1 106% 106% 105% | now been narrowed to a point where 3 Wn‘l‘.’in:';:::"ll PERSONAL I Ax INFORMATION of hides and leather were predicted A . | c Rl 5 o... In 10125 10152 101 4 -ty 3 by the New England Shoe and Leath. LibIstake 4 (0311 10311 10311 RAILROAD. ';:.||I.I|”7 '.?."., b 111‘57'3 ‘m:‘d«n'k' by - er Association n a statement last Lib 3d 4 ye 1100 26 100 19 10019 Atchison adj 4s... [T 1) ! £t 1 put | the night asserting that prices of leather | Linp Rat Factor.| bmetn'sks G AT eE.. (0 B B R of the largest in the | used in the manutacture o shoes| I Money Rates Factor.| jiotinsus o BAO oI A8 1 00 16 DRI 071 UK, . riny announced o gen- || Mortgage Money Loaned The law requnresnetumafpeuoml property, have increased approximately 33 per 3 ; USi%e BeOcy it 100% 100% 1001 | €19 ver cent wnge reduction to | which is subject to the District of Columbia In- cent in the last 12 mouths. The | Forelgn List Stronger | usunind o 110 i by 5 1014 104%s (010 | the 4,000 mill workers In their plant at Low Interest Rates | j e District of Columbia In- | statement added US4Wss2, 56 11325 (1621 11521 |8 & O 682000 D, 10 10 10 e e tangible Tax of one-half of one per cent (4 of L | “Just how long this situation will : W&OTrImobs .. B 111 3 | 1%) of the current value, based on values of iy i : ik 6% 06 anze of goods on which Cheney ) et e R T Than Domestic FOREICN o I et Ty - ros . “is being o limited Tylel’ & Rllfller‘ol’d January 1, 1928 (closing securities quotations augmented prices, manufacturers will = 39 1004 100 190 | Brdwy & Ith Av b gng, | tha to he employed might [§ om ¢ nept Motunl Beneftt as of December 31, 1927). find it necessary to get an advance | BY CHARLES F. SPEARE. 100t 89% 100t | Brooklyn Elev 65y Al be serfously reduced. | ife Ins. commensurate with the advance in | gyecia Dispten 10 The Star . 1005 100% 100% | 3kivn Manhat . 1520 K Street ‘Main 475 If you will send us a list of your ucurifiu, we raw materiale, and it would Argentine §s B 3 3 100 Buff & Pitr 4% s, 98t 1Y That retaflers throughout the Umited |, NEW YORK. J b Austraiia 6s 195 oun faul oo s A : g VONTGOMERY WARD CO. e —— 2 shall be pleased to assist you in pr - tinuance ot high , Australia 68 | a7, | CAn Nat itk 30, .. 100% 100% 100% | Money to Loan Teapending.mivamee ‘& €% loana renewing again ““L iy a5l ver | Ausiena a 07" 0y cam st awaoe S0 g ooyt ot | SALES BREAK RECORD | secugga o et s o st st et e o s gttt b tazable e i < ent, had a tendency to hold hack the | g, 5 98 Can Nat 414367, .. 0% 1004 100 5 revalling inferest and commission and furnishing the neces: " —--» - | Semand for low income-bearing bonds, .,:.",‘:,:’,:.'.’.‘"' bk 4 Can Nor 4% 1935, 6 1005 100 |mm1 CHICAGO, January 3 (®.—Decem- | Joseph I. we“gr f;'-“ h. g sary quotations. The year started with only a nomi- | g, ¢ L 187 Canad North 78 ., 16 116% | ber sales of Montgomery Ward & Co. BANK CLEARINGS SLUMP. e Sl AT R towre 0| NG RGN b (o1 o ol il A RN L We shall be glad to offer suggestions to r:\a\’:{m(:‘fi:.‘. l‘a:;:m o 1:{"‘!‘9‘")‘";‘flm\ncmx is I|-unu: discus : for | Belgium 78 S 106 il “("‘I’:u urm'n: i \lull ;:n‘ the company ht;tnrv’ 'u;:vl'!';rmu.hk n;‘ 1st Trust Loans streng!hen your investment position and to & o refunding and for new capital reguire: | Belglum 148, 1 Car Clinch&O s 62 9 108% 103% | n close a vear In which the annua :::.f‘,,"f“\;;“;fm"‘m:,m"‘:"l‘;:‘l‘,m‘ o | mentsendisERIn It eneEtal sy e Jentral Pucitie s § 43 Ie;‘,x. s salex umpassed $200,000.000" for tho || lA‘nlv Almon»t s ::]:l::lél;: in placing current funds to the best > % House 'that the public utilities w : S0l Cent o 18t b8 0. 6 04 104 time 2. and Montgomery: County ) and only two months, January and fjgest of the corporation bor s, | Borde 2 Chesa Corp 58 wi.. 6 994 100 “Thie ‘Dacemt tal $£25,008,348, | : i November. show 5 e v i aux 6s 90w f G : he December total was 825, Large Construction Projects 7\-\2}""!?‘ »ahm\;d az!fl_mrrn‘n RE e, \\\[ much in the way of continental | grasii 61 hes & Ocv 4 %s. . 100% | exceeding by $1,904.919 the record set ‘; & ) < C :-u ings for 1927 e - Burepean loans is looked for for scine p 9 ‘.u&u Zn 4% q 102% 102% | i 1,”,v,,,1,. r. 1926 Annual sales | FRED T. NESBIT 4.09, against §5,953.736.235.27 in | time. but South American and Centry Shi B & Q ren 48 63 8% 9B 98 | 5 ‘exceefling sales of | oGV it American republics are in the market i ok 06 L D&Q NI B 56 102 1030 1oz | o b o — [ for funds. The stren of the old gu.n\,,“,.“.u 0 Gt g % 1084 1034 issues today suggests b mminence 1113 Y 9L 9 EXPRESS INCOME DOWN. | s toiey uncete (e I | cumaaa s ony- = ot 102 ; CRANE, PARRIS & COMPANY NEW YORK. January 3 (®.—Net | Foreia Tstiivohger C 6 1081, 10; . 8 4 p y ivu‘ome of the American Raflway Ex = “ 2 1w W 2 2 > . Co. for the first 10 months of | _The foreign department today was i g I 3 ; i ! | Investment Bankers Since 1883 was $1820.744, a decrease of | Somewhal stronger than the domes 941, 7 A t tat £70.645. e v et unusually large nmher of | Chinese Gov Ry &: A StPen8Y.. C l S et o T e e Ama | government issues was dealt in and | Con Pow Japan 7a, Yim 97 8 i tyatzots 4 el? ral a es' 823 15th Street N. W. ome g ! mostly all at higher pri This in- [ Covenhagen Ssct., 46 96's 496 902/ S & St Pen s 1011 " El C " earane SLab RIS oun e vort | eluded the Fronch, in which advinees aken 635a. 4 1014 0bs | Catnsrier vRB s 13 oW 14 ectric Corporation Telephone, Main 593 oRponTing X146 % [of 1 10 1s occurred: the German in- | Cuba 8. . 2 102 CR S A R = 2 | dus nd public utilities. up 14 to a | Czecho i ys ret 11056 'y M&StPas., ... 104 By consulting us you incur no obligation. e . = et . N | point; in municipals. With @ kin | Caecho ¥s 1961..." 20 100 G NW 458 5037 | 104% PRICES ON PARIS BOURSE. |or 1, ilian, up ' to Chilean | Cuecho 8s 52. 108% A Ghiaiiw s 7105 q « and mortgage bi s | Denmark s 105 \ 4 i = = PARIS. January 3 () —Prices | & vernment and mortzase b Chi ltys b3 S cre active h . |'at the best nrices in some weeks, and | D E 1 5%s N . 5 1034 103 WiChIRI&E RN 48, 2 83 ol due January 1, 1918 _ RS B s were active on the Bourse today:| it e J ChRlaEEmN. 2 | | SAFE FIRST o cn 3% Convertible Debentures the Three per cent rentes. 63 francs 80| . e | & 7 7 s = It is the feeling in investment o | Salvador 1 § CRIFPac4us wi. . ¥ . e O Tt Joan, | (TS that the high returns on forvizn | Kiniana s € 6 QB T N BN DA 0 Price, 96/, g o Ty, | Do : ison with don.estic 5 100% ChiTH inc 6 6U.. 5 ¢ 97 . 1 EmREET nd vields will drive pri. | T 106% 1064 106% | Chi Union Sta 6% to Yield about 5.28% | ’ @ CON- | ate and institu anal investors into | French T¥s.. 1160 115% 116% | Shi & W ind cn 48, i TODAY S this market to a considerable extent | French 8: 54 110% 110 1104 | S & W 1 5 thn A2 this year. German 7s. 3 106% 1064 103h | Cuc e St L rf : i 3 3 | f | Dodge 65 Feature. AUk Ehona e AT 99 ok F. B. KEECH & COMPANY PRECAUTION The outstanding feature of the in-| Hunga ( : ) AMER1 can I I |austrial bonaidist were the Dodge 65|t arl. As e Cuba R It 5a.. 7 Ao it e N Sl S e These were active and at one time a | Lialy pub 7 - | Cuba R R 714 b C 0 R‘ P A N above Saturday’s closing and 9 ¥ Cuba Nor 4 scts. . 7 16 7 1510 H STREET, N. W.. WASHINGTON, D.C. is the secret of the prosperity above the low of last year. 7 8 Y21 el & Hud 18t rf 48 are still about 5 points under ‘1 Del & Hud 7s 30... 7 i New York Providence Chicago f tomorrow. That's why it 15 Excuaxce Prace {the high of 1 Andes Copper 7s % 99 Den & IR1o G cn 48, 9 3 Wi pays to go slow in making in- Jersey Crry, New Jensey were ¢ff a point. _Hudson (unln P T L Rio 3 West 58 : ¥ > = i?:ld‘ n‘:ceu:l of [:he ’Blc;ard of Directors, | s 4:::""\3:‘2,5,:“,‘,'";“,‘2::; o | Mexico 48 10 asnta v 26 PN ol vestments. The lure of pos- this day, the following dividends there was a miscellaneous group of 9 o % N7 7 T G B 4 e were declared upon the Capital Stock: |moderately active issues that fuctunt- 68 uz ] g : ‘ 7 ‘;_'l’[c profix‘can never make up One Dollar and Fifty Cents | d over a range of 3 point. The In- T & : W 94 for lack of absolutely secured (51560) picikines | terborough issues were agiin heavy | Erisconv ext 18.-. | 105% 105% 105 | Over o Thivd y upon the Preferred Stock e e e y R AL g e i ol i X fety. We have this in mind a yea ; Gr Trun B 10Uy 109! . | oF ! X 2 in recommending our Fifty Cents (50¢) per share Railrond bonds were dull. The | > 2 2 21 Gt Nor 4 %8 6 D. . 1007 100 « and an extrs of speculative issues had an irregular { Great Notth 4 s w 100 W 100 % Fifty Cents (50¢) per share tendency. = New Haven 6s. Seaboard | Sorway ; ' Grent North 5 2 11z | We wish to announce the opming upon the Common Stock Adjustment and the St. Paul is.|Urient Uev deb 9 B% Y64 | 5 Nor gen T 154 (ioe arieniic) [ s “Were sironi Hishgrade rall | Barie-Ly-Mad ga.L 45 s 16 ven | GUNGECG TS of a Vithe 6% FIRST MORTGAGES {such as Atchison 4s, Union Pacific 4s, = 2 @ ' t1ud & Mana) bs... 14 2 a9l such dividends being payable on January | Baltimore & Ohio 4s and Northern Pi o 25, 1928, to stockhol, respe. | 4 tead: Canadlan Pa- 3 3 LIl Cent 4% 866, .. 1015 1011 i .05 ! A record at 2:00 PM. :n"]'muaqa;nllsyu;‘ |Si0s 4o afvasved X Wiisvo prioe i 106 | 11 Cont Gl o 100w | CHICAGO OFFICE | They are such as conservative 4s reacted g point from Saturd ! ¢ ntral r 0 0% 1105 i i 5 s Henry C. HARRISON, Secretary. | high price. Government issues were 92 1091 11-C-C SIL&NU 107 107 101 BANKERS BUILDING . investors, without hesitation, ; 0 o128 B0 int Rapid Tran 6s. 2 d. i p December 27, 1927. practically unchanges 5_ : o Ll anproves Washington Stock Exchange 0000 Y 06 105 100 ind tap Tran Ta: L 03 b7 ; o gl i 3 APPLICATIONS INVITED b, i A S AR L MR. W. C. ESSMAN for potomac Electric 51 fd.—35 at 2 {int RysC A baiz. Wk } B v SR L : l0ie 05| Int Ry C A 6%s ret TR T 1 i A ] FIRST { Merchants' Bank & Trust Co.—6 at | 10 de Jan s 47 105 105% Kan City Ft 8 R. s A . 151, Rio Gr Do Sul 8 1 106% Kansas City 8 3s. . 1 Al 2100 92 12 N - MORTGAGE | Lanston Monotype—10 at 10815, itome 6%s..... 2° ity 9l |KansasCity Sba.. 2 1025 10 i Mimbers Amiricex Insitute of Aaanteats Main 2100 925 15th St. NW. Lake Shore 48 Z8.. { thaler Linotype—2 at 10414, 8 3 106% 10615 106 s i LOANS latroeg, : ¢ 0 106 10t 003 | Lake Shore ta 31 S BUFFALO + + NEW YORK + + WASHINGTON - O Rieivol Shant Sotate _ National Mtge. & Invest. ptd.—30 at e e A TR e, L THERE 1S NO IBSTITUTE —for three or five year iermsat || Sanitary Grocery Co. pfd.—10 at 105. 5 8 Louis & Nash 7s. ‘ ELET Y 9 prevailing interest rates. After Call. ! 23 105 E ::::‘ul.:l’sl:ll-“:u Lincoln National Bank Potomac_Electrle 5%s pfd.—6 at | Sweden 6s. . 8 104 Sl K Ry & L 8 5;1 2 o « 5 10 at 108%. 104% Washington, D. C. Washington Gas 58—$1,000 at 105. | Swiss Confed 1z esapeake & Potomac Telephone 5s | rono Kleo Po: e —$1,000 at 105, Tokio 6%8 KT | TC. & P. Tel. 5145—$1,000 at 100%. | yca Kinem 6o i 2 1060 106+ A rrdingres Get Your Real Washington Gas 68 “B"—$400 At | Utd Steam Copen® 4 5 95 4 2 s Uruguay 8 6 110 110 Mo Pacdn A e 103% Estate Loan | "National Mtge. & Invest. pta.—50 at | Youshams Pl Wil Bl o g o £ 1 5. 45 at 53¢ Mob & Ohlo ¢ 48 77 124 YUy —from us and be sure American Security & Trust Co.—10 MISCELLANEOUS. PR St ‘ of lowest interest and a1 450, ‘uu\m et <41 20 10513 103 L e e L O a ) ~ commission. l'l Money—Call loans, 5 and 6 per cent. :g;_: :g;“: NY Ccnrl . »,‘. Y65 U6 . . -y NYCrfimelge... 2 101 { We make loans on real | Bid and Asked Prices. 3105 107% 107% 'Sy Cent e iba. ... 10 110% 1054 mdvidait gy || i, B B L2 Your January Investments prompt consideration to ,:3:;;::” § Tl :-‘v_. L 3 nlier- :.erl‘:::::.l::bv.- il all applications. Am Tel & Tl il 'te a0 . 9 % NY N HavaH 4s 66 . |4 '4m ar. B .os ..l . 5% | NY N HavaeH cit 61 85 Conference and Corre Ang £ O T . | Anaconda ev ab “ NY NH&H cv db 68 ndy nuvited. el. o o A 8 12 n 9L . . sictooucaonr Hlia5s g S e o 3:‘.‘::‘..‘:“1‘;:;':5.:. 15 he o ;,,:E;:.,‘:,‘;‘,:‘:,; L Toe 794 704 | TH the opening of the first business day of the | o/ v 208 . n . “IN Y State ity 4 e, 5 : Pu::l(()r«‘:!:;s()ln:;:;vw el (i35 [, & s fe5h W% [y R e igh W b New Year, your January investments naturally Con-:rfi‘l(thudi:;nlsnunk Bldg, : ;i : :"."""" P .:‘,:fn T o claim a highly important place in your plans. To meet i and G S ¢ » . T 6 104 L4l 1 | Northern Puc 5e D. - @ :T Lo ST | Bt miRel ek . 5 103 Lotw 1015 | Sorunuss bas s aeith your own requirements, and those of all classes of in- Both Steel 6% 8 63. 16 103% 102 Ore Shurt Lcn 68, , e T AN 0y | e Stes g : iois Ore Wash 188 4ness 3 9 Tt vestors, large and small, S. W. STRAUS & CO. offer a ST Rl BKIyo Union S%e.. o 265k Zusly 268} | Pennaylgen el 4 104% 1010 ¥ i ;m’.vf."'."s".’\? . Bush T Bidg bs 60, 105 Pennayl gon bs. L% 1L 18 wxdely diversified list — Wash ot ‘ roee o Peuusyl ow e, .., 15 X park Horel "r:l.i" . Chile Copper bs. ennsyl 68 5 118% 1Lt ? ; | Son Conl Md 1t 68 0 ! i T, .. 164 100w | ON HOMES STOCKS. S ey Sinee. 4 ton, e g0 70 it 1w : PUBLIC UTILITY ik o il gl AT . . Type Yield Prompt Attention Given Al || Amir, el & Tews oo , ii0% | Cubs Canecy 8s. .. 2 Wty e T | Real Estate Mortgage Bonds. .. ... 25 Avplications. Fachineon ) Kot | Cuban Am Bug #8,. win | G o e 1] 5 gage Bonds. ... ... .5.25t06.50% i g (e IO NI L B0 Public Utilities.. ....................4.70105.63% 51/2% Interest | & v TR o Bk o I S eR s | e S Industrials. ... ......................5.50t06.50% SLL&SEPIBA. 25 v NATIONAL BAN b s &l Municipal: -3 3 & et Ll S : ; ¥ ! RO o unnnnionan .3.70t0 4.50% S atime '.:.":";E{'{"“’ Dl A dootyeer 4 rei.. '7_‘ 5 YA S0 | e Sy ad) de.. (6 1010 Foreign Governments.. . . ...... .5.20106.75% Wm. H Saunders Co., Inc. | bt o L R Railroads : 4.25105.10% _ Founded 1887 Ut cieisaliin L s | Hmbie 0 & 1 6ks 17 L8 W oo veiis 20 b Foreign Corporation Issues .6.25t0 7.74% Main 1016 1433 K Rass .. iH1inois Bell 1 B SUP & KCSHL 4 e i Loan C d h National o it (111018 Steel 4 48 1 Beabourd A L 4w, .. ST i providens Sest oo arice | " coerasin e & it 1 T it B These securities have been purchased after careful in- ¥ 19 Company of Philadelphia | Giar. Sac A Bt Vo, g “pi [IOERIE hon Aty ST ; inieiae b B U U | deut A L abelLL K M vestigation and are offered with our fecommendation. ik iwe & Tr Kan U & K1 o SIS AT EIa tn 8 & Frivmt 5 Keliy-Suring 10 Y B ALK La 63 4618, . Continental Trast Co k¥ o P L T i We especially bring to your attention our new under- Suu Paving cef 4 | Cortiara b 0 0n e G T 0n 10 a0 writings of first mortgage real estate bonds — securities 1050, | 30U 1ty Con os b4 .. u'u- and H Streets (B o e o st s ot 1 i toi | outty Cou : in which we have specialized for 46 years. Capital $1,000,000.00 | it - : e et o ) : % Washington Meehanios f a g 8 3 New ing 107 Form A b 48, TR FIRE INSURANCE ol T | Lex & vacos 1 cum i L0% ! " P s £ 5 " Checking Accounts i : % 2 : ‘: ;l‘l IA;:';,';::I" - 11:.-‘-'-‘ ToxArk 15 6 %8 b0 1068 10d% Call or write tOdav for our J-\l\ll.\l‘) offe rings and indi- Savings Accounts | Girtmanie 0 s [ e E;::‘\' Fhird ave 1ot o8 87 [ Vin i cate which class of investments you are '?Spedi\llv in- Time Deposits ” ,{'“r* IVRURANGE, ) 8 i 207" 100 107 | Union twe 1ot 46ss o e terested in. Ask for 1714 1 I g 4 0 o k. W louty tuot Foreign Exchanges ¢ | eest o 5 1005 100 Commercial Credits 2 a8 fu 100 1o | Virkinla iy 1ot ba you " i % i s | Ll E 4 TS u ~ N " " ravelers' eques Tt . o | Wt Macyiwna P! noby Aty £ Acceptance Credits J s e \n.:: ml;-:ifl. % 102 102y SESSIT rTAXERT Fublio serv i Investment Securities hton wig. . Jim A0 #ipe Line b [ Y R ! INVESMENT BONDS 4 INCORPORATED i Continental Trust Co. b v S0 s iims o T win' | 0 0K WADE W COOFER Viesidens York nnd 208 o0 f, export ayley [ ivan 1w & 11 be 1014 CHICAGO, Januiry § 00l ESTABLISHED IN 1882 ) 1 biin & itaC @ | 8e e Westarn aciie ne 1oty Collections v w4 v, P o . i A0 | PBervesbipe bl b 106 e ot KV BUarca 1l 2 24" | emington Arme 6 17 Vi | FEDERAL LAND BANK BONDS y ‘l. Ciivayy Co, pii ’nu;, 1k | sinotarr on 7 U 0T |y Atex mu-m}‘m. Clusing. ¢ & Wpe By Sinalair O 84 6 VTl Tt | BatboMut p MR Corporate Trusts outentun Wabk p(d.. 100 dinolair O11 18, ..., 14 100 100 | “ ! , iy ] Safe Deposit Boxes NEW YORK MARKETS i ATl B I 1 R 11 1 A {ud er wiisight, BA5a0.85 48ye Moty | U W 110D 180 10 b8 "1 [ o 2og 06t New Yok Fork v s Hug 10 Bl WOy, veenipte, 12AEN Lubs; ore ey Par Hic Am Tob 68 v 1nin he s Real Estate Loans i Individual Trusts ! % asbia Akelly O 6% i i WY G b o ojos Telephone Main $642 NEA YORK . Javunry 8 ()« o il 14th and H Streets B Ay, 118 Hraa af 40 1 NN BUTTER 18 STEADY, Capital $1,000,000.00 o, 3300l 380008200 | Wast iien b8, P00 10 104 [ extian 600 standuris ‘T extrn fiain Vil der vice bhas 104t bl At Collateral Loans o . 1hk $in Crude 011 8., 4 0 o u 1 Administrator, Executor e S i v 2 vow i | 408 Y 1NR 1 i 929 |‘""Th|\ TH STREE1 e ' 3 i i b | fom: No. 2 wetern, | b u( B Mindle Weet o 17 20u12 80 | wastn Hinton A48 s e 11E) AT00d0 Niwts, dfadd, seconds, BNlo sdlow fim, Tab loowe, §%; extin, | weelngh BOR0a 1At 104 Kk Haher; veceipte, §009 canes, . Whlige Ov 8%4n ", 102 J0d g st dbakig uidigary s, doalde,