Evening Star Newspaper, January 5, 1928, Page 14

14 W FINANCIALY THE_TVENTNG STAR, WASHINGTON D. €. THURSDAY TANUARY _ FINANCIAL ASHINGTON GAS PROFITS ON RISE November Earnings Show | Gain Over Same Period in Previous Year. BY LDWARD C. the W\ STONE. th of Novem- pared with a net Ga the ovember, unst $469,- expenses as compared with n the previous November net operati ch ber the of nd mt ove abe: tion beir for the| W ne y outlays vear horter dayvs put the d of O e ded expense s0 when 1t The Georgetown Gas Light Co me for November t §6, for the Oper am: or the “The first 11 months the Georgetown Gas C of $86,912.07. A vyea a months' net Stood at $50.811.65, owing & substantial gain in fa the 192 Hoehling Returns to Metropolitan. Former Associate Justice of the I’ counsel of the ) Lank and algo chosen to mem on the board of directors. Justice Hoehling was th st officer and was secreta the board 2 “hen appointed to the bench by P ding in 1921. He resigned his p only a few days ago in or- r to return to the finan: ~U‘1C‘: Justice Hoehling has a sually e acquaintance i W orn_in Philadelph! . 1868, and came her He took his course in W the George Washington Law hool and was admitted to the bar He practiced law here for going on the bench on of being District ot el d fi}.mg‘wn attorney, has » bean electe « director in the Merchants’ Bank & ‘frust Co., to fill the vac wsed Allen, Ray H . nes, J. M. Bidd Harry R. Carroll "l:):lnl‘eltr A} Drury, Mark F. Ernest Ge berg, Frank Frank P. Harman, jr. nd W. Jenks, R. L. Lamb, MecNichol, R. C. Marshall, jr. rest Mitchell, C. C. Murray, Alvin Newmvyer, Frank O'Hara, Joseph 2 Roland 8 b iner, J. L. Sherwood .nr\(-r A. C. Walleg and John Z Officers re<lected were: Peter Drury, pres ¥Frank P. sellf, Nob i preside treasurer; Ralphe uditor, ard Wade H. ers T I off . vice presi ent, Pennsyly e & treet northwest branch. o Aanpy 3 1} was elected trust y of trust m on the su r of the !, spler, Booker Employes Given Bonus. mployes of the in ent bank- | { | AbItIdE Pow(5). AbranmaStraus AbT&Stras i %ot Adams Bx (6).. Adams Ex pf(5) Adv Rumiley ... Adv Rumiey of. Abumada Lead. Air Reductn(t7) | AJax Rubber.... Alaska Juneau. . Atbny Pap pf (1) Allied Chem (6) Allied Cm pf (7) | Allis Chaim (6). 10 | Amal Leather... | Amerada (2).... Am Axricul Chm Am Agrt Cb pf.. Am Bank N(t3). Am BK N pf (3). Am Beel Sug ... | A Br sb (j1.60) Am B Shoe pf(7) A Browu Bov. Am Brown Bo pf Am Can () .enen Am Carxldy (6 Am Cham pr (7) Am Chicle (3).. Amchic pr pf(7) Am Drug (8ue). Am £ncau (2.40) Aw Express (6) A& For Pow. . | Am For Powr rts Am Hide & L pi. Am Ho P (240). American lcet2) Am lce pt (6 Aw Loternati(2) Am LakFr&Foam At Linseed. ... Am Linseed pt.. Am Locomot (8) Am Loco pf(7).. AmMch&Fy(13) AmMagky ptii) Am Metals (3) Am Piano, Am Piano pt ( Am Po& Lt (11) Am Radiator (6) Am Ry Exp(6). Aw Kepuoiie. ... Al Sal Laz 4% A Seating (1) Am Shipbidg (8) | A Ship & Com. Al Sueiling (8) Am Snuit (i2).. A Sl PL6). AL SU Fdys (3) Am SU Fy pt(7). Aln Sugar (8)... Am Sugar pt (1) Am Suatr Am Tel & Ca Am Tobacco (8). AwlobuccoB(8) A W W (msuc) Aw Woolen. . Am Wooien pt. Am Zing pI. Auacouda (3)... Archier-Duan (3). Armourbel pr(7) Armour orili(A) Arwour oflli B) Armour 11 p1(7) Arnold Cun&lo. . ArUOOMm (3)eess ASS0 LIy G (i, Ass0 VIl(13.20)., Alchison (110) Alchison I o). AUCoast L(110) AUGUIL&E W, Al Kenoiog (). Atias Tack. Ausun-Nichols, Austn-Nich pt. Auto Sales Autostrap A (3) Lalawin L (7)., Ballo & U (6) Lailo & VB PI ( Laug & AL (8 Lk Coiuerce 118, Garusdi A(bils) sayuk 1St pr (i) BEACUl Ullsvuees Leectnut(13.60) ceidiug 8108 (4) CesL & Co (3)... selnienem Steel seln SuU pLd). Gloowingdale. Bluwentual pty Lol AwICl A (8) Bouln Fisueries, Luula kish ist.. CliEEs MiK 0. Briush mpire. . BrUSH Ly 2d KN Edisol (8) UKiyu-Man (4). Lkiyu Lu Lrown Shue (2% GEULBWICK 15 16) Lruuswick Ler.. Lullasusy pL(4) Bulus Bius (). LUllougLs Ad T4 Busn Terw \g2). Luss Lot de i), Bust Liw pi (1) LBulle Lup (ue). Lullerick Co. Gulloasuper (2) Byt & ... | Cant rackg (1), Calll Fetu (1), Callaau Ling Calutiel & As Ay & Lies @) Liy (1iu). A0 Vacilic i), rm of Y. ) were s ach 1 to 21 per- y. These qunt due ar the firm | s r e ) the Seserve Banks' Faruings Off Wergentbuler Steonger Foday Ll Pacilic 2d pd ~0c kLl Gtk vy -eut Aliuy & Cent A Y U6 Kuscuid) Gl e deed 1a) Cerle Corpuild) Cuand e Clhandier ot pt, Chase Nal Liis) Lins & Dl 3) & UL ), { Cht s Asvous & buasl dil pt Sl Gleat West,, Ll G Vet pl.., e | Cui s L Alii By, Sl Bl e BUE pE S s BLE Gt L oLl Pl cle s Wi (8),. © Juul (6) 11 Gk 4B k). Sl X eiuw L Liide 1 4z40). il o Ly ). Cosist 1S 0igu), Lty eies Cor (8) ciplAk) City A iy Bl es Ut Feal (i), atuia (b)), s o AE(8) e ol Buu 2a pt 0 ekl bl A (6) LAt ()., At st 4, ., Crutoy) 0 pE s gy, o by s 0y, [ERVRVEIA et by Ry untiz) e air e Ceimiay) o Clgare ol NPT i tiae 16). us WIb) Conbti y e pt 6 Conmal Teatile., Vaki A 4) D kg b ot bak Ul (8) Wit Can ib) Cont Can prdl) d b %) ey R 6)..0 wiif e uiy bie e e Cane s Cune Bu ol b Conpnny ot R B 4] z . e LAt b KB, o Open High 2 2w 109% 109% 12 112 H g Lite 1 13t 301y JE o8ty S0 voly 17 iy 1% 48 dsle 1204 125% Lov 15% T 104y 101s 100in 2 T2l Wi 107 134 1ot baly bdly 3 iTan 24 24 4y b S S0l 184 oy S0 15k Liok n.v\. 1% \»‘. Boby 0% Soly L3N 187 115 115k o ot v <0 110k 1ok 4 Iv2iy 8o 4l 41 w02 102 [T lli 114k ' 108‘1 109 6ll tly Received by Private Wire Direct to The Star Office. Low 994y 151% N 1% S0 i 107 Lt oaty 1o 12it 175 113% ddd 20% S 631y 154 13t [ o9 1ok 1761 14l 102 ity 113 0% 1084 o Close 2ty 14 128 ur 1% B0 184% 674 101% w7 L34 baly PE ab bo [ 807 Y0ty T2y 6 634 88 111 1270 175 1135 4 £0% Stia 634 133 Lty 89 110t 4 178ty 141 102 641y 113 T3% 108% [ S0% 30% 30% B0% s 1T2% 175% 0% 60ty oshe 4l o8 o7 L0 14 sly Tl 171% A Lobac bE(6) 1l 119 115 A Lype pL (7). 1104 1103 Lluke uuw o8 2l bk 4l 0dle 56, B5h 12 T T04s 4zl 43 4Tn B 1 & Lol (v L175% 179% 17> 1790 l [ i 58 AmWWKs pre6) 10La 101 101% 1ol 2l b2y 4L o7 o6 90 Lok B Tiw a5in 43 4in 38 2% LUk 1yin 102 1020 1024 1020 150 w9l 108 s 5 26 5 PERN 8 B9% Y [ 31 F 44 255 255 82 [ 5 25 109 17% 7% 78 1y 19 bals 55 O oTw 120 azok% 443 4dn vol Yol ok ub b bly din 69 67, 109 17% B 1% 1a F1 q 215 2155 Lok ubk 48 doh oo 1 Fres bute 1i 141 vlly 105 Llvse Ly ok i L4l vl 105 UTTEN b P z o cin L zim wo b “dln clin Won 21k vt ok Ly o s a7 1o 1in ¢ i o wl Lsive Loty Lidm il e ez alm B vl 154y $YYs Bk a% 26 8 43l vy 570 Lam 1081 1 5l 18% od b6% 1z il o Lok [3 Py e “he 211 vin 45 i lin 0% 1 sl ol Livn an 10 T < 1 2l uba 0By oty ~vé P viv 1u i Wl U2k sn in 1 1a1 e 4z Liv o L 185 Sl 108 1064 1088 Y 6 81 5 434 3. Lawbgr piusia). ill% 117 112% 11 69 571 L4 1085 17 Toy 18% o5 o7 120% Ya 9> 66 by 4i% 4T% 479 Lorden Milk (6). 160 165k 1635 164 P2y 1% 2z 214 0 aB(b) Livse Jdss 14%e idis a5 ook 10% vl Ak 106k ook v i 40y 10m vin 46 Ivs 1160 111% 112 <l Ui < ok P 1l Y VECT) 1007 W0vs 109y Joys, Gin ol uB, 2us vl Tren 4 13 bty It vl IET Loy az dun un v ddds idan TN K vl o [T Vit i i ul 0 4 i 1 10 mn Cudehy Pk (4), bishe Ui un 104 s U Yite LY, 12 10 U vl b 1 Curtiss Aero. Curtis A pf (7) Cuyamel Fruit Davison Chem. DeeredCo pt (1) Del & Hud (9).. Del L& W (17). DRG Wst pt... Detroit kd (8).. Devoe & 12 40) Devoe& R 1st(7) Diama Mich(8). Dodge Bros Cl A Dodge pf (7). .e Dome Mines (1), Dul SS & Atlan. Dul SS & At pf, Dunhill int (4) Du Pont (1141 Dulont debd (6). Duguesne pt (7) astman (18) stian pe (7). Enton Axie (2).. tiseniohs & Bro. Eisenlohr pt (7). 1 AULOLL \ T6Yg) tlectric Boat. .. Kioc Power & Lt Klee P&LUDL (7) tiec KRefrigeratn Elec Stor Bat(5) €400 Julin 0). .. Lngineers Pub 8 Engurs PS pt(7) Lquit Bidg (7)., wrie K R.. Eirle 18t pf kirte Stm 8 ll%) irieSums ofs 2 LEureka (fr4%4 )., Kxchange (1%4). Fairbanks (3).. Fed Ligiinl s0). Fed L&L pI (6).. Eed MotT(f50e) Fid Phoe Ins(b). First NatSil ). EiSK RUDDOF . +. o ISk 18t pt ev(T) Fleischmn(1334) Koundauion Co.. 10X Flim A (). Frank-S pf (7). Ereeptlex(idly Gabriel Sn (3%) Gardner Motor. . Gen Am Ink(4). Gen Asphait.... Gen Asph pf (5). Gen Cable A(4).. Gen Cigars (4). Gen Isleo (16) Genlilec 8p(yC Gen GasA(ol%) en Gas pfA (7) Gen Mot (17%).. Gen Mot pf (7)., Gen Outdr Ad(2) ten Ry SIg (6). Gen Ry S pt (6). Gen KHelrao (3). Gillette SaR(16) Gimbel Bros..., Gimbl Br pf (7). Giidden Co..... Glidden pr pf(7) Gold Dust (3)... Goodrich Ru (4) Goodrich pt (7). Goodyear Tire. . Goodyr 1st pf(7) Gothm Hos 3235, Gothm new 323 . Gould Coupler A Granby Con Min Grt North pt (6) GritNor O (1%). Grt Wes S(2.80) Gt West S pf (7) Green Canan.... Gulf Mo & Nor., Guan Sug p£(8)., HacknskW(1%) Hack pr Al%). Hanua 1stpt.... Hartman A (2).. HItn 15 b10% 8Lk, Helme (17)..... Hershey Corp... Hershey pt. Hershy pr pf(6) Hollander & Son Homestake (17). Household (14). Houston 0L, Howe Sound (4). Hud Man (2%). Hud Man pt (5). Hudson Mot (5) Hupp Mot(1.40). 1liinots Cen (7). 11 Cen Isd 1t (4). indep UIL (1). Indlan Mot (1%) Indian Refg cifs nd Ref pt(7)... Ingersoli pt (6). Iniand St2l). Inspiration Copr Intconts Rub(1). interboroltapTr Internat Agri... Lot Agricul prior Int Bus Ma (6)., Int Cenent 4).. int Cement pt(7) Lut Com kg (2) int Comb pt (7). int Harv (6). Inter Har pf (7). intMich prid 20) Int der Marine. 10t Mer Mar pf, Iut Nickel (3). . Inter Nick pt (6) 10U Paper (2.40) int Ry CA pf(6). Antl Stlver pr(7) lut Tel & Lol (8) Intertypeiti). Jowel Tea. .. Junies 1508 Tea. Jones & Lau (1) Jordan Motor. .. Kan City South. Kun C 50 pf (4). Kayser J (4).... Kelly Byring. ... Kelly Tire Kels-Hayon (1), Kels Wh pf (7). hennecott C (b) ., axie (1.20). .. Kupenhm pf(7). Lisclede G pf (6) ko Ol ise) ., Lambert Co (16) Loe Tire & Itut. LebighValishy) behin & Kink (4) Life Bav (1 60).. Lie&Myrals (14) Lt Laoco (4) ., Lig Cart (3 601, Locw's Ine (13). Lot Lonig-1ell (A) Lo Wile) 600 Louse- W 1st (1) Lonilarg Co I.mum.n&h on ., L O pf (B14). LouistianAtl 6) Louis & Nawtiil) Ludium Biesli2) Melntyre 1 (1), ETNION Metiury ol 60 Mack 11 Grog) e Cop 18, Malllson & Co. .. Mailison uf (1), Mandel (4% ... A Bup 6. Man 1) i g (46) INTERTY) Maracaibo OI, , Fartann 0 Mar bk (14%) Sathiseun (4) Wy Dept B (49, Maylag (18), .. Metonh pf o) By ex bely " Caliah Beab . Miatnt Cop 1), VA Continent. . Middle Slates M1 Hiaten 1) el Bidiand pfidiz) Milier Kabber B & B1 L, et MOSEABEM pf Mo Kun & | M IS &0 pf (8) Misanurt Pacifo Missonrt Pae uf Open 0 1178 bl 41y 118% 183 140 Hign 1044 1 15 S0% Wik 2 i ity 207 193 28% 174 Y% 69t 46 Bl 11 lod 2 Taw oty 1004 s Bt 1% “y Aty o MuntguyWie), | Gtk W0 110w 100 s Low Close bty [SVEN b1 a2% 41l L18L (18! 8 1 17 200 1154 1oty 163% 164 129 61y 124 889 105 Lit 29% 1 1 267 Lty S8y 04 L1a% 29m 10t 103k 1l in Sav 109 ul 193 284 16% 1 12 " ked St 09 ul [ 1020 1054 1 126 o8's 6% 133% 1%y 36 1 N Lty 30 L 867w 103t 1084y 1344 125 a9u L 1 b 9 50'a SRR EEN 110% 110 6il T ke KR 8% 4l Y 2y 6 120 18y 107 657n 42 y7 ok 20 14814 1 07 101% 101% 82 70 66 82 70 66l 148% 1611y dn b1 8y 0% 133 ) Lhh a4 10 9 15 430 bl By 5 33 B4 44 10 9h “"P 1024, 116 oy 20 201y 29 154 58 116 69n 20 21 15% b 1156w 60 109 ol 104% 1044 o8 109 49 19y 0% 140% 94 Yita 4 ah 0% 41 Bk 1104 1104 Tl Kl i 0 107 70 128 w4 o it h 107 0 128 140 1464 rdn 61y G, 1o 110 100 100 4 HO% 1iw i ho alhy 1 It iy ki Bty Wity 104 e an Win ane o [ESIE Moon Motor .. Mother L (686) Motor Met (3 60) Motor Whi (2).. Mullins Body . nEwr (3). y Corpn. . Nash Motor(t6) t Acme (sta) Nat Rellas Hess Nat Biscult(7) Nat Cash R (A)3 Nat City Bk (20) Natl Dairy 3) .. Nat Dept Stores. Nat Distillers. . Nat Distillers nf Nat EEnamel & S Nat Leid (6) .. Nat Lead pfA(7) t Led nf B (8) Nat Park Bk(24) Nat Pwilt K06 Nat Radiator(3) Nat Rad pf (7)., Nat Ry Mex 24 Nat Supply (16). Nat Surety (10) Nat Tea (4)..... Nevada C(1%).. NY Alr Br(3).. N Y Cent (8).... NY C&StL (8).. NYC&SIL pf(6) NY Dock .. NY & Harlem(6) NY NH & Hart. NY NH&H pf(7) NY Ont& W (1), NY State Rys. NY Steam pf (8) NY Stm of A (T) Norfalk Sonth Nor& Wstn (210) Norf & W of (4) NorAm b10% stk North Pao (5). .. Nor Pac ofa(§) Northwn Tel (3) Norwalk Tire Nunnally (). {0 WenlSup...... Ol Well Spf.... Omnibus..... Omnibus pf (8. 1Opnhm Col (4).. Orphenm Clr (2) Orphenm pt (8). Otis Elevator () OtlaSteel....... Otis St1 prior(7) Outlet Co (4)... Owens Bot (ct4) Pac Coast 1st... Pacific Gas (2).. Pac O] Stubs. .. ! Pac Tl & Tel (1) Pac Tel & Tel pf Packard (3). Patze Mator Pan-Am Petrolm Pan-Am Pet (B). Pan.Am West B. Panhandle. ..., Panhandle pf. Parmt-Fam (18) Park & Tiiford. . Park [Ttah (R0c Pathe Exchange Pathe Ex A (4). Patino (a210).. Pearless Motor. ., Penick & Ford.. Penick&F of (1) Penn C & Coke. , PennDix Cmt(2) Pa Dix Ct pf (7). Penna R R (3%) Peoplas Gas (8). Pere Mara (18). PhilaCoR % nf(8) Phila & RCI... Phillins Pat (%), Phoenix nf (7) Plorce-Arrow Plorce Arrow of. Plarca Ofl.... Plerce Patrolm.. Plllshury (1 80) Pillsbry nf(614) Coal PittsTerm Coal. PorRicoTohA (1) Parto Rico To B. Postum (6) Pres §tl Car (n). PrStl Car of (1) Prod & Refiners Pub Serv NJ (2) Puh Serv of (8) Pub SE&G pf(8) Pullmn Corpe4). Punta Alee Sug, Pure 01 (+11%). Purity BakA (3). Purity Rak R (2) PurityBak pf(7) Radto Corn of A Radio C nf (3%) RSN Cata4), Rand M (a2 04). Reading ¢ 6) eal Stk Hog eminetn Rand Rensselr&Sar(7) Reo Motor (1), Rep Ir & Rt1 (4. Ravnalde nnes ey Tob BI16%) RichNeld0(11.15° Rossta (nw (6)., Rutland of .... St Jon Lead (13) St L& SanFrf) St L&SanF of(6) R, Qonthwast St L Swn of (5). Savace Arme Sehulte (A% ) Sehulte nf (8 Seahd Alr Line Seab Alr Lof .. Seacrave (] 20) Jears R (n2%). Sanscn Coner. . . Shattuck i* 0 (2) Shell 1Tn (1 40). Shuber The (8). Simmons (2). Slmms Peta Snetatr ON .. Sinelatr nf ()., Skatly O (2) “nidar Packe Co Sntdar Py nf ., S0 Par 1o Ki12) South Por nfok) Sonth Cullf 124, South Datries A, Gon Dalries W .. Sonth Pae <) Honthern Ity (). Santh Ity pf (hY Spaulding of (7) dteer Mfe . SO A A% S04 06 1 of (4) Srd ML B) . Hea Mitle pf (8) SOOI ) AON NIV 4 ) AOINY ) a0) At Glass Sterlg Prod17) Stewart War () Aebaker (Y Studetnk nf (1) Wahnarine Hoat San O 1y, on weets of Amer, yiiniton | Hymineton C1 A, Jtowra (600) Copper (1) A Corm (1) Pax Gulf Hul (4) Vox & I'noifio Vox 1RO ) Vox Land Tratn Phoatoher MP Phatohrnt o8 60y Piia ale (2 40) Phivd Avenie hompsn " Vidowatr As O FIAW ASONF ) Pidswatr O1 Koo Vide W ON G () Fiuhan (16) o (1) Al Feanmnnt O Frannis & Wil Fwin Ciy 1 14) waod (4) wi pf (1) b e bty ON g Fan 010y Pt priody fon Vi (b [T R TP T NEW YORK STOCK EXCHANGE Opon High I v 450 00 0914 uy iK% " 008, v TIN 4 b 1 s 3 48% 0% 0974 60% 174 1 66% 137 140 170 1814 anu 160% 12) 109% 0% 15314 63% 3% 31% 10 991 1 49 A 189 42% 041 10 »4 238 09% 87 H3% 9674 a5 50 314 10 118% 11 5 90% 8% 70 4T 1% 151 115 lm. 100 14% 50 % 3% a3 108 K414 78 29% 244 6 244 1% 10415 110 Rl 9% 108 8814 haly 80 al% 102 178 57 0w 101 37 17 it o0n iy 6 102y 7 12% 14 7% LEET v K “ bty 1001 24 LR i 100 100 "By o' 7 Kl o 124 4 11 kI 10 [t 14 0% Bitty 100 " Aty i " ity o ity neiay Bit 2y Tty iy B PN P ity 146 i K an 1y nan 1y N 243 170 18% 451 1618 1291 10974 60l 65% 113% atw 10 100 1 49 189% 87 5914 9% 951 50 104 121 92 80t 24 102 1407 1% 85 a1 781 70 4% 14 1524 116 1010 14% 100 144 50 “ 4 a3 108 51 a5u 7] 20 126 $6 » 104 110 [ 27m 109 108 9074 33 X0 FIEN 104 [EIRS 101 1071 PN 12% 441 ANt 134 1o 1004, 4 a4 101 104 14 s EIEN N " [E) " 100, [ T 100 " % & 4KY o 1N ui Vil [ 1y n 1y b Hi 1 a e Ay W Bty (I ann PRIGES SAG BADLY ON STOCK MARKET ILosses Almost Universal. Recent Specialty Favorites Drop Most. BY GEORGE T. HUGHE ial Dispatch to The Star. NEW YORK, December stock market broke sharply today. Heavy selling was encountered di- rectly from the start and prices lost ground 1apidly. The stocks which had been bid up most recklessly in recent sessions suffered the most, but losses almost universal to a greater xtent. stensible reagon for the break the increase in brokers' loans an- 'ed by the Stock Exchange after vesterday. The total for not only a new high ord for all time, but represented arger increase than the aggregate of the weekly reports of the Federal teserve Board. The two compilations do not cover exactly the same fleld, but the street unpleasantly sur- prised, nevertheless. Call Money at 4% Per Cent, It made no difference in the call money market. Loans were renewed per cent, which was the low rate of yesterday. It has been urged all along that the total of brokers’ loans was not disturbing as long as call funds were obtainable on such easy terms. This sort of reasoning did not reassure today. he wide-open breaks were, as always, in the volatile issues. For instance, Greene Cananea at 139 was down 13 points from the preceding close id over 25 points from the high of rday. This, of course, repre- sented only a readjustment of an over- extended speculative account. It had nothing to do with the trade position general or with the situation of the company involved. The standard shares were offered in large blocks at sharp concessions. General Motors dipped over three points before the day was halt over. U. S. Steel was down three points at 148. General Flectric lost over three points. Montgomery Ward, which had attracted a large following on the upward movement, was pressed for sale. Rubbers and coppers generally were weak. American Smelting and Re- fining was down at one time five points, Calumet and Arizona slumped a point or more between sales, All the rubber stocks which had been leaders of the rise earlier in the week came down easily. Nothing in Business News. There was nothing in the business news to induce selling. Reports from the steel centers were favorable, un- official estimates were that the un- filled tonnage statement for Decem- ber would show a gain for the month of over 200,000 tons, the largest in- crease in a single month since De- cember, 1925. The steel corporation also was reported operating at 70 per cent of capacity against €0 per cent during the preceding week. Railroad shares held relatively bet- ter than the industrials. Before the liquidation bhecame extensive New Haven had made another new high, the best since 1916, as it sold around 65. There was active buying of St. Louls-San Francisco likewise early in the session. The new financing plan of the road will be announced next week and the stock was evi- dently interpreting the plan favor- ably. In general, however, the rails sold off with the rest of the list. The losses were not so large because the ralls had not gone up as much. TREASURY CERTIFICATES. (Reported by J. & W Seligman & Co.) §.—The 348 Man 5% Mar. Utd Biscut pf(7) UtdCRTSU (Roe) Utd Cgr St pf(8) United Drug (9) Utd Drg 1at (3% Utd Frutt(15%). USCIP&F (10) 2 0 8 Distributing US Dist of n(7). U 8 Hoffman (4) U S Alcohol (6). US Leather w i, US Lenther A.. US Leatprpft7) U 8 Realty (4).. 'S Rubber., (1S Rub tet (8. USSmelt (3%). USSmof (34). U 8 Steel (7). ) S Steel of (7). Un Leaf Tob (3) Uni Plo 18t pf(8) Univ Plpai 2% ) Unt Pipe of (7). Ul P&LUA (e3) Vanadium (14). Viekshg S&P(5). Veksbr&Spris). Vick Chem (4) ., Vietor Tik M Victor cv pf (6). Va Caro Chem., . Va-Car Ch 6% of Va-Car Ch ot (7) Vivadou (b10) Vulean Detin, Wabnan, Waldorf (1% Walworth 1 20) Ward CL A (8).., Ward Haking B, Warner PloA... Warner Quin(2) Warren Hra(15) ren IHrom ris renist pfid) F&1Mpe Cor., Weh & Hell. .. W Penn KA (T) W P'ann Kl pf(6) W ST Went P Po (8) Want I Po pf1) West DalryA(4) Wontern Daley 1§ Wast Mary land Went M 20 pf. . West Paoifla Westn Paoifio pt Went Union Wenthae A 11i2) Wostinghne (4) Wenthua Int (4), White Kagle (1), Wi ' White | 114% 114% 114% E 424 109 194% 60y 142 204 61N 105 Wilson Co uf A Wil & Co pf. . Iworth () .. tho Pump. . Aero 1) Welklay craw), Yallow Fruok Vol Traco uf (1) Voungsto §hib Hourly Na Ham [ DIy e Wil BN NN Ubte e m oon NV Markes. AU TR A R T EUERTITNS X EXEERTIL v an v alve watle e St il aioial dvE W Ceary Atla i vy s o % wily ik ooy n teu Wk g Ut o W reyuinr i .mm 10 81 4 hare Iy i i o i iy | = 1st Trust Loans Anv Amount D. C. and Montgomery County Large Construction Projects FRED T. NESBIT 1010 Vermont Ave. First Mortgage Notes | BEARING INTEREST AT 6% | Secured Residences in D. C. Vi ll-dGO =M SR a0 Momber I(wtnum B-nnu’ Asen of Amarica Mortgage Money Loaned ; at Low Interest Rates | Economie Conditions Tyler & Rutherford Loan Correspondent Mutual Benefit Lite Ins. Co. 1520 K Strect Main 475 Unusually Attractive Investment 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. erties in the District and nearby Montgomery Boss_nl’HEL S Loan Correspondent dohn Haneoek Mutual Insurance Co. 1417K St. Main 9300 We have a limited number of First Trust Notes—amply secured on high-class residential property ~—paying 61,9, Ready for immediate delivery _._MCKEEVERMGOS 1415K St. M. 4752 Y44 /0 i /84/ 910X 104 181A/8%G. Guaranty Trust Company of New York 140 Broadway LONDON PARIS BRUSSELS LIVERPOOL HAVRE ANTWERP Condensed Statement, December 31, 1927 RESOURCES Cash on Hand, in Federal Reserve Bank and Due from Banks and Bankers. ............$209,991,163.17 U. S. Government Bonds and Certificates......... 43,151,317.30 Other Securities...........cccceveiieninnnnenes... 22,958,096.42 Real Estate Bonds and Mortgages................ 4,231,863,33 Items in Transit with Foreign Branches .......... 6,178,371.87 Real Estate. ..... 5 . Accrued Interest and Accounts Recavnble Reues $850,300,359.88 LIABILITIES Surplus Fund.................... 30,000,000.00 Undivided Profits............... __7,036,720.97 $67,036,720.97 Accrued lnhu-!, Reserve for Taxes, etc.......... Aeccpunw 4,549,311.14 cireereeaseess. $676,356,302.39 Outstanding Checks. ............_43,672,869.04 720,029,.71.43 $850,300,359.88 NO. 2. THE BARLEYCORN HEN you purchase a pair of shoes and tell the salesman the size you wear, you are probably not aware that the meas- urement is based on the barleycorn. Originally, this measurement was taken from the length of a grain of barleycorn and has now been standardized as one-third of an inch. A standard of measurement of the safety of an in- vestment is the integrity and good name of the house offering the investment. Swartzell, Rheem and Hensey Company has stood for safety in First Mortgages for over fifty-cight vears and so the securities offered by this house have come to be n-vnun'ml by many investors as ths eriterion by which the safety of other investments may be measured, The advantages of this prestige are yours when you purchase a First Mortgage through us Swartzell. Rheem & Hensey Company Mort§age Bankers 727 FIFTEE H STREET, N.W. Wnsl)inglou. D.C