Evening Star Newspaper, January 8, 1928, Page 34

WUCK TRADE INDEX CAINS DURING WEEK Average Daily Dealings Rose to $162,100,000 for the Period. v |n~ te of return went hack to 4.0 per cent despite the bearish movement that occompanied Thursday’s $205,000,000 turnover, Com- mon industrials were at the record since September 1 As compared with 256.6 a week ago i this week's 9.0 sharves traded shows, with exceptional slight falls, a steady rise of pri of stocks ov 100) during is computed b mula.” On the other hand the price index of stocks held did not show so pro- nounced a movement, as is seen by the comparatively slight change from 3239 a week ago and 106.0 a yes @xo to 132.3 last week. This is due to ' fact that this index measures a ®teady investment from January, 1926, ‘whereas those stocks which were trad- el a nst the most active leaders of each week yielded a compounded profit. A quick surveysof New York Stock Exchange movements is given in the | following table in which two price | are based upon the average as 100 ‘on which |hp Irving Fishe ded ~ Held Return Thie werk 0 400 Week aco 1038 average High since Jan. Low since Jan. 19 Average daily tradings rose §1 300,000, as compared with $148,200, worth of trading a week ago and §80, 400,000 a year ago. These figures represent the actual walue of the average daily stock ex- change tradings in common industrial stocks, based on the prices and the | pumber of shares traded in each stock. (Copvright, 1927.) Baltimore Markets Bpecial Dispatch 1o The Star. BALTIMORE. January grain quotations: Wheat, Winter _export, ‘Winter - garlicky, Corn. No. 2, domestic, 98a%9: contract, export, 951%. Cob corn, 4.09 8425 per barrel. Oats, domestic, 6313a64; No. 3 white do- mestic, 6272863, Rye, nearby, 90a1.00. The general live poultry market cofitinues to hold firm at the high values which have prevailed since the holidays under a good and con- stant demand, especially for small to medium turkeys and large fat Spring chickens. Large gobblers and ©ld toms, as well as small poor chick- ens, are in ample receipt and move slow even at the lower values quoted. Young hen turkeys 8 pounds and over met with ready sale at 42 and 43 cents a pound and young gob- biers % pounds and over, at 38 and 40, but old toms, as well as poor and crooked breasts, not so desirable at 30 and 32 for the former and 25 for the Jatter. Medium to large Spring chickens in good demand at 28 and 30, and 25 -nd 26 for leghorns, but poor and thin stock moves slow at 20. ©OWd hens. 3'; pounds and over, con- inue active under light receipts at 22 to 28, but lighter fowl, as well as Ic(hnm will not bring over 20. Ol | roosters in better demand at 15 and | 1%, while capons are scarce and wanted &t 32 and 36, as to size. Market for ducks and geese holds steady at 26 10 39 for the former and 23 to 26 for the latter, hut stock weighing under 4 pounds will not bring over 20. Demand fairly good for guinea fowl a1 | 40 to 85 each, while pigeons hold steady at 30 and 35 a pair for both young and old, with the exception of capons. which bring a_premium of 3 10 5 cents a pound. poultry will not bring any more than live and with the warm weather prevail- ing today only limited shipments of dresseq poultry are advisable next week. ~—Closing | Egg Market Firmer. Market for native and nearby eggs has taken on a firmer tone since the holidays, and with current receipts running fair but not excessive, the demand heing more brisk for the best | grades of eggs, values show a slight sdvance over last week. Prompt shipments are advisable, as quality is everything with the trade at this FINANCIAL. * {108 BOND SUMMARY. FOR THE WELX m-‘n o 0. 8. BONDS. Hign. L1- e vlm 102 14 100 23. Ltberty 3%s 1983-41..... 101 23 101 19 1 1032 101 31 103 40 109 2% therty Lst 4340 193247, . 103 15 103 10 103 13 10115 100 25 101 21 100 19 Liberty £d ¢ e 193 . 100 24 100 18 100 24 10318 101 29 104 12 103 13 Liberty 4th dus 1033 8. 104 103 238 11010 106 "y 11§ 1108 Treasury We 104743 1 118 6 115 21 Illh Low. Prev woek's FORKIGN. Close High 1004 97% Argentine. June ds 19| Argentina 6s A Aul Austri Beaigium s 1965, Belgium 14 s 194 Belgium 88 1941, Bordeanx 63 193¢ Brazil 6 s 1957, Branil Xa 1941 . Ruenos Alres Province 1s 1957, Buenos Aires Province 7s 19:8.,. Cunada os 1962, Canada 5% s 193! Chile 83 1941, Chile 88 1946.... Chinese GGovt R Copentragen 5% Crechosiovakia §s 1951 Denmark 8s 1943 Duteh Kast ndi Duteh Iltl’" Low. 105% 102% 1027 1014 109% 107% 109% 107 48% 231 106 103 106% 1034 100 N6 {78 1949, .00, 060 1054 rench Govt 1 s 1941, French Gove ¥s 1945, German s 194y, . Holland-Any Ltaly I8 1951 . Jupunese sy 1984 . Jergens Utd Margart! 102% 1Y% 1015 1045 nd 8s nifl .. Queensiand s 1947 114% 110 119% 95y 104 974 10615 102% 98Bh B4 981y 87 106% 103 106 102! 99 1y 17 1061y 1084 Rio de Ja clro ll 19 Rome 6 %8 5. Sao Paulo State of. ¥s I Seine Dept of. Serbs. Croats. Si Sweden 65 193y, Swixs 5458 1948, Toho kKlec Pwr I8 195! Gnlten Ringaom aly Utd Kingdom 5% 1337, A okohamia 63 81 97, NDUSTRIAL ARD IS 4 100% w 107 1044 980 101 105% 3 106% B8y 86y 1004y 964 1024 1031y w2 105 103% 101% 99 109 107 105% 102 98% 96°% 102% 97w 104% 101% 109Y% 102% 92i% 0% 1031 102% 102% 99% 101 1051 10 108% 106 Amer Smelt & Itef iat Amer Smelt 1st 6 1941 Amer Sugur Refining Amer T'el & Tel ¢l tr 43 1939, & ve Anaconda Copper cv floll h 1938 Armour & Co 4 %8 193.... Armour of Del 5%8 43.... Atlantic Retining deb 58 1937.... 1024 Barnsdall Corvoration s 194 100 Cuba Cane Sug cv 108% 107% Detroit Edison ref 6s 194 97U 92 96 83 1940. . 104 101% Eastern Cuban Sug 7%s 1931, 107 104 Goodrich (B ) 6148 1947. 103% 101'% Humble Ol & Ret 54s 1933, 1054 102% indiuna Steel b8 19532. . 98 Ba% Inter Mer Marine 6s 1941 8 vl inter Paper §s A 1947 102% ickawanna Steel 5s°1950, e bWs. Liggett & Myers 63 1961. Manat! Sugar s € 1%s LY Midvale Steel 103% 100% N 118 114% 106% 104 991 97 110% 107% 100% 9% 100% 97% 102% 98% 1124 103% 105% 103% 1084 108% 103% 403 1035 103 106% 106% 103% 103 1045 104 107% 101% 100% 102 101% 107% 103% 95% 9% 108% 1056% 108% 105% 9% 95 90 56 113% 110% 102% 95% Standard Oil N J 5 United Lrug 68 19 U S Hubber Ist & B&OPtaLE& W Vi B & O South Btookiyn Mannat s Canadisn Northerm 6%s |m .o Canadian Puclfic deb 4s. Central Pacitie s 1943, . 95% Chesapeake Corpn bs w | 99% Chesupeake & Ohio 97% Chesapeske & Ohto gen ¢ e 19! 60% Chicago & Alton 3%s 19 974 Chicago Bur & Quincy ¢ 105% Chi B & Quincy 80% 69% 56% Chi Mk St Pev 4%8 1933, 94% Chi M & 3t Paul gen ¢4 195 57% Chi M & St Paul ref ¢ % l.ll. 111% Chi & Northwestern 4% 1% 95 9% 118% ll“A 86% 50% 92% 88% 9% 97T% 9% 92 62 5I% 107% 102% B1% 3% 0% 64% 57% 47% 96% 0% 58% 484 114% 111% 81 655 2% 8T% 9% % 119% 115% 83% Yl cm Unton Station ¢ % Chi Union Station Ohl 63 Chi & Western Lnd con season of the year, and In many cases Western refrigerator eggs are pre ferred to offerings of mative and pearby so-called {resh. The mlfl(th clomed today at 44 cents a dozen for | firsts in free cases and 39 1o 42 !or| current receipts in free cases, Under light receipts and an Iml provesd demand the market for white potatoes rules firmer, with values a whade higher on first quality stock, but ungraded miged stock not so de- sirable and have to be sold at dis- counts, No. 1 potatoes will bring 31.5042.25 per 100 pounds, with McCor- micks and Reds selling at the lower prices, and 3.00a3.50 a harrel, but No. 2 potatoes generally are slow sale | #t half price. Bweet potatves and yams in better demand, and under | generally light receipts the market holds firm at 2.50a3.00 a barrel, but off-grade, lmlll or irregular quality #tock is slow sale even at sharp dis- counts. *Bushel baskets sell mostly 6021.25 a8 to quality and condition. Demand for native and nearby garden truck continues fair, but it takes first quality stock 1o bring vutside prices &1 the following quotations: Beets and carrots, 3008500, kale and Kavoy cabbage, 36ad0 bushel; onions, 100 oyster plants, £0a60 basket 5 bushel; tarnipw, 3046 basket washed and 20825 for unwashed, Cattle Market Rteady. steady 10 firm under only moderste receipts wnd a fairly brisk demand for frat quality stock. Most of the srrivals on the whurves, however, are of common 1o ordinary eatile und moves slow at inside prices. Quota | tons today #1 Light street wharf | Beet catile, first quality, pound, 16 | 10 12, common tn medium. b 1o % bulle, us 1o quality, 5 1 1% cows, choice 1o fancy, 6 o 7. common 1o fair, 3 10 5; oxen, o% 10 quality, 7, cnives, veal, cholce, 14% 1o 15 Jasge, fof, 12 10 14, large, rough, § 10 19; yough comm Tt & wheep, eholee, b 1o € old bucks, 4 1o b lambe, Bpring, cholce, 13 o 13%; fair to wood, 16 1o 12; common, thin, 7 10 & hoge, etralght, b% 1o 9, sows, 6 o 7, slage, 4 1o b lve pige, 13 10 15 #hosts, 10 o JORDAN PIXCII CUT NEW YORK, January 17 UP).—Jor: dun Motow Car Co, has reduced prices Clev Cin Chi & 8t Louis 68 D, CCC& St Lrerés A Ivay, Den & Rio Grande con 4s | Den & RG Waeat Detroit United Krie Ist con I’Il ECbhe T4 Grand Trunk s £ deb 6s Grand Trunk 7s 19 Great Northern ¢4 100% 108 1164 114% 9% 93 109% 102% 115% 110% 8% 924 W % BOow 62 100 B6% B 66 93 % H Hudson & Manhattan adf bs 1”1. 1iiinots Central ¢ % 9% 2% ¥i% "% Y6l 96% Srom $200 to §800 on all models of the Alr ine & series and the Hitke custom | ®r A fat reduction of $200 was made on the be The pew prices are effee Vive Junuary 9 KINNEY SALES RECO Kinney month Welory, reaching Fanny Vavmer Candy Towere §8.727,528, A6 over 1976, ny fhe 17,558 whops an dncredse’ (00§ | 100 5 tn] i 96 0% 106% Loute & t - B Mil ilec Ry & Lt MBLPABBME Mo Kan & Tex tat Mo Kan & for | 103% I | o1 vau The genersl live cattle market rules | 106 101% 109 106% 0% 06 oo NY Ry #a198b,,.... - N Y Went & Hosion § %8 Norfolk & Weatern oon 48 19 Northern Pacifie §e 1041, Northern Pucifle 48 1997, Pacinie ret imp &8 4047, 11t t Line raf 4s 1029, , h et raf 4 1961 Y% 58y 9l 1% 108% i - % 4% 1084 102% 13% 111% 1045 101 103 ” 9 A% B A% uh B " 7 w3 9% Y24 e ALALLLE 1047000 Haadiug ¢ 4pm 1901 ,,,, 1o Grande Western olt B Ark & L4 tvse, B 100% Seahourd Alr Line Ml Beabosrd Air Line aon Houthern Pacife av 4 104y, ,,,, Boutharn Pacifn go) 4a 104y, Southern Peaino ref Hyu n iy sen sauth Ky let be ) Southern iy dey wine Wi [IEEY 1w LAY Iy min iy 105 v Aty 100+ 100 100 v iy W Y8 14 iza 6 i Ho 10k 07t I 1004 98 L LY 0 Pacifo be 19 e 10O, Whore 1nt 40 4000,y L »” 21in the a TH’E SUNDAY STAR WASHINGTON D. IBOND LIST RISES IN SHORT SESSION Minimum of Week End Profit- Taking—Rail Liens Leaders. By the Assaciated Press. NEW YORK, January 7.—Quota- tiona for honds continued to move up- ward in today's market, with a min- imum of week end profit-taking. With the week's new lssues totaling only about $35,000,000, the list had little outside competition, and no great volume of offerings was forth- coming. President Coolidge’s com- ment on the brokers' loan situation gave aditional help m relleving the nt “money scare” over the & volume of this phase of Popular railroad lieny wel cendency umong listed bonds. Erie bs ugain sold freely at their record high price and the general lien 4s of the same road established a new peak since 1916, Wheeling & Lake Erie 4%:s and Missouri Pa- cific 4s both ‘exceeded their highest prices of 1927. Bethlehem Steel 5%s, selling at 105% for the first time in more than a year. stood out in the industrial group. Ofl bonds, which spurted up- | ward yesterday, were rather’ quiet, although California Petroleum again attained a new top on buying in- fluenced by merger talk. Copper issues, i at the opening, were offered freely in the final hour. high records all marked up by Treasur, 338, Other Federal Government bonds were dull. As in other sex. week, the buying of the issues developed in the last few minutes. Firmness of Polish and Mexican securities featured the forelgn group. Italian, French and German issues followed mixed trends. STOCK LIST SOARS INRECORD TRADING Heaviest Saturday on Record Sees Most Gains Cut in Late Selling. time | EEA By the Associated Pre | NEW York, January 7.—All Satus day trading rccords on the New York Stock Excharge were broken today when a wild outburst of buying, in- spired by President olidge's state- ment that he saw no reason for un- favorable comment on the increase in brokers' louns, sent total sales to 1,672,900 shares. The previous Satu day record was 1,603,200 on Decem- ber 17 laxt. Early galns ran from 1 to | 9 points, but many of these were sub- stantially reduced, and some convert ed into losses, in the late wave of profit-taking. Operators working for higher prices | were agreed that the President’s com- ment on loans did much to allay & prehension over the credit situation. William €. Durant, one of Wall Street's most prominent market opera- tors, also stated he saw no reason for concern over the loan figures, predict- Ing that they would exceed the $5, 000,000,000 mark within a year. Chain Stor: Sales Up. The only other important market | factor of the day was the report of | a substantial increase In chain store aules. A shipment of $750,000 in gold | was reported from Canada. The market opened with a_tremen- dous gutburst of strength. The first sale of Montgomery Ward was & block of 12,000 shares at 129, up 4 a hloc first sale of 1. 8. Steel common was a block of 5,000 shares at the spread price of 152%-%, also up 2 pointa. Montgomery Ward retained all hut about a point of its gain, but “the nd- vances in steel and motors were re- duced to small fructions. Radio 1nr;mru||ul|.' wm.n' mun: nearly 9 pointx tn 99 vesterday, ra up to m record price of lllll‘ ‘and then slipped back to 101, hristie Hrown, American llllvrlmllnnul Cor- poration, International Nickel, Inter nationa) Match preferre I W house Alr Bra were among the othe new high xround. Greene Canunea Copper hroke from i an early high of 147% to 136 and re. bounded to 138, off & points net. Sub. | stantial recessions ulso were recorded by Adams Express, Kureka Vacuom, Midland £teel Products preferred and Utah Copper. Ralls Are Quiet. Ralls failed to participate exten- wively in the upward movement, most of the day's net changes being of & mixed fractional character. All leading foreign exchanges were reactionary, with a drop of more than half a cent In wterling cables to $4.87 7.32 an the outstanding feuture. This removes the possibility of any near shipments of gold to England in exchange transactions, The weekly clearing house siate- ment showed a deficit in reserve of 'l ‘I'N 630, againat a deficit of $61,- week, AEEregate reserve lol IM MIG 998,000. The detalled statement of actual conditions this day showed decreases in most of the princial items, oans, discounts and investments dropped $163,070,000; re- serve in the Federal Reserve Bank of member banks, §33.604,000, and net demund depoxits, §170,341,000. Chah In own vaulte gained §1,036,000, wnd time flflmul(- lmlru-efl l" 80,000, BUTTER IS LOWER. Liberal oll'crlnn n! Better Grades Have Depr CHICAGO, | ofterings of the ter graden of | hu Todny vesulted in dectines of | 1y to 14 cents. Buyers wers holding oft and trade was dull In spite of the lower prices und liberal supplies, The market was barvely steady with the Jndertons eany and very nervous The centrnlined car market was barely wteady With trade dull. Btoruge centralized ¢ rather closely held, but ue In-uu to reach FISH LAUD!IGI OAH. NEW YORK, January 7. Land Ings of fah hy vesseln at Hoston, Gloveentor and Portlund for the et | 1 omenthe of 1047 are oaleulated wt "llmm D00 potnds by the Hurean wloed wi SN 026,000, pued with 200,008,000 poniiits, vilaed Al RN 0000 i e corresponding 1000 pevkod. Among the fresh A, | haddock showed o galn af 14,000 000 o, cod a bins af 180T 000 pronide At mackeiel @ losa ol 4,000 000 pounda ISTEEL QUTPUT UP; PRICES ARE STEADY Good Export Business in Cop- per Reported—Tin Values Lower. v By the Associated January 7.—The first week of the new year in the steel in- ht about Increased mill production, a gain In specifications agalnst current contracts and general- ly steadiness of quotations. Rallroads continued 1o be the principal medfum for the maintenance of steel plant operations. Pig business, however, « v\mln mills were engaged | In *hipmentx against cont A good export husiness was re- ported In copper, with sales of several | thousand tons during the last few days. The active demand for copper oad has encouraged a generally | m attitude on the part of pmum-err.‘ and toward the end of this week buyers for domestic consumption were <howing more interest, with some business reported, largely for February-March shipment. Hecent offerings at concessions appear to have been either absorbed or with- drawn, and electrolytic was quoted at 14% cents delivered at Connecticut Valley points at the end of the week. Tin was lower, but the decline in auotations falled to stimulate demand to any extent, The retlack followed weakness of the Far East markets, with a moderate o for prompt and shipment positions, c prices held well in a rather quiet market, Consuming intereit was largely for March and April ship- ment, which positions producers | were unwilling to ®ffer freely was not in active demand fromi consumers, although reports were of a little business in March- April - arrival positions. Generally . JANUARY 8, 1928—PART 1. Money Available for FIRST DEED OF TRUST LOANS Prompt Replies to Applications JAMES F. SHEA 1st Trust Loans Ane Amoum . and Montgon Large Cons FRED T. NESBIT 1010 Vermont Ave moie In Nearby Virginia 5 l / 7 ll’rudeminl o nsurance o 2 0 Loans Commonwealth Investment Co. D17 15th St NW. Phone Main % WE FINANCE —all Plrllnel‘,';Ll::";me~lyrln]lll'lnl Large Loans a Specialty Current Interest rate and commiseron Higbie & Richardson, Inc. $16 15th S1. N.W. NEEDED $10,000 FOR EXPANSION One party or a number in $1,000 lots. Money back one year with interest in husiness. Box 181 X, Star Ofiuv WYRANCIAL,’ Charter No. 1069, Reserve Distriet No. REPORT OF CONDITION NATIONAL METROPOLITAN/ BANK At Washington, in the District of Columbia. at the close of business on December 31, 1927. RESOURCES. a Loans and discounts ....... . flvfl'llrn(l!l. secured, $5,543.67; 8, Government securities owned: fl f)'pofllled to secure circulation 1" 8 bnnd' par value) ... . b All other 1 $11,91%,139.72 '.; 2. 53 . Other bonds, stocks. securitics, owned . Banking house, $81%.1%0.11; furniture and - . Lawful teserve with Federal Reserve Bank COTTON DECLINES | ONMILL CUT TA[K Relatively Easy Cables Also Factor in Reaction in Short Session. By the Associated Press. NEW YORK, January 7.—Rela- tively easy Liverpool cables and. talk | of mill curtaiiment probably were| factors on an end-week reaction in| the cotton market today. ‘The price of March contracts eased off to 19.20. or 18 points net lower, and closed the general midrket closing v steady at net declines of 17| points, t The market opened barely steady at a decline of 9 to I points in response | to relatively hles, but offer-| ingx were light and most of losses were recov 1 q y ering and tri ¥ing. part which was supposed o have come | from Liverpool. May sold up frov 19.38 (o 19.48 on this bulge, but dn-‘ mund tapered off as it approac! hed | the 1915 cent level and prices later! eased under week end realizing and liquidation. ‘There also was a little | scattered selling for local or South- | ern account. May sold off ta 19.30 and closing prices were within a ! point of the lowest | Business was very quiet, with 1h9‘ market correspondingly sensitive to| small orders either way, and the| price movement was considered ..‘\ much due to the usual week end re- adjustments of the technical position | as to anything In the day's news. | Talk of mill curtailment. lm'\f\flrl ame In for m comment and may have had a tendency to check buyin although it did not Inspire anv gen eral or aggressive selling. It was | reported manufacturers and selling agents of cotton and duck mills had decided to cut down their output | beginning Monday by about !4, while there were also reports from Char- | lotte that representativex of 40 carded varn mills, havingin all about 900.- | 000 spindles, had ench indicated their purpose to reduce production by | suspending operations from noon | Fridays until the f llnulng Mondal beginning January 20, Private cables sald an advance in | Liverpool had heen checked by fair| offerings, but that the spot demand was still good and the textile position encouraging. The amount of entton on shipboard awalting clearance at the end of the week wan estimated at 109,217 bales, | ompared with 178,058 last year and 127,976 two years ago. B | RAIL ORDERS urm | NEW YORK. January 7 (@ —A large order for ralls has been distrib: | uted by the St Louls-Southwestern | Rallway (Cotton Relt). Bethlehem Steel recelved 5,000 tons; Ilinols Steel, 4,600 tons, and Inland Steel, 4,300 tons, Money to Loan it deed of on n- eatate. | Seorgh DRI SISLOE Syt o aal ovogh 1. Wallo i Wk L § The Connecticut Mutual Life Insurance Co. One of the aldest und most conserva: ishes low coat Insuran nultien. Co-anerntes with lne Manka in oreat. K. D. Sampaon, Geneeal Agent 125 Woodward Bldg, I ll t'u\m‘m & toM!’A\Y Incarparated 6% First Mortgage Investmen| e Ko AW, PHONEN Washington, 0. €. MAIN 20000000 Plenty of Money First Morlgnge Nulcl BEARING INTERES1 AT 8% Secured on Residence: EIVER—AGOSS.. Member Morteaze Bankers' 21 Ameriea Washii .Io-, D. C. Wright, Slade & Co. 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W28 18h S N 1 i Items with Federal Reserve Band in process of e . Cash in vault and amount due from nationzl hanks . Amount due from State banks. nankers and trust companies in the United States (other than included in items 3. 9 and . Exchanges for clearing house 336.694.4 . Checks on other banks in the xame city or town as reporting banks (other than tem 12) 3 Total of ftems 9, 10. 11, 12 and 13 . (M iscollinaam: ekl ltemia Redemption fund with Treasurer . Other asxsets 202.431.48 £,39%.5% 0.000.60 s .$20,139,436.68 Capital stock paid In B . Surplus fund . a Undivided pr 2. Reserved for taxes and Circulating notes outstanding .. Amount due to Federal Reserve Bank (deferred credits) . Amount due to national banks . a Amount due to State banks, bankers and .trust companies in the United States $1.152,125.74 b Amount due to banks in foreign countries . 115.584.15 1.268.009.90 14.917 150.736 67 $300.000.0 54000000 848630 46 Certified checks outstanding . t‘ashier's checks outstanding . Dividend checks outstanding Total of items 24, 26, 27, 28 and 29 Demand deposits ‘other than bank deprmmn) luhM to reserve (leposits payable within 30 days) 0. Individual deposits subject to check Certificates of deposit due in less than 30 day money horrowed) ... Total of demand dflpollll (other than bank de- posits) subject to reserve, items 30 and 31....511.016.105.53 Time deposits subject to reserve (payable after 30 days, or subject to 30 davs’ or more notice and postal savings): Savings deposits (including time certificates of deposit other than for money horrowed) . Postal savings deposits .... Total of time deposits subject to reserve, items 35 and 3 .$4,040 43757 . United States devflulu (other than postal savings). including war loan deposit account and deposits of United States disbursing officers . Letters of credit and standing Total Dhlrlcl of 11,008,553.53 371500 y of Washington, ss.: lumbia, i 1. C. F. JACOBSEN. cashier of the above-named bank. do solemniy swear ! *hat lho “above statement is true to the best of my knowledge and belief. C. F. JACOBSEN, Cashier. Subscriber and sworn to before.me this ith day of January. 1925, (Seal.) ROBERT E. BRIGGS, Notary Public Correct—Attest: GEO. WHITE. THOS. SOMERVILLE. FREDERI(?K DE CA FAUST, WALTER BROWNLEY, F. R. OGILBY, HUGH REILLY. \\\[ H. A. WILLARD. 2 F. GUDE. CHARLES JACOBSEN, HERBERT T. SHANNON. Directors. y—— Is Building Your Estate? If you are putting your own money into the building of your INSURANCE ESTATE, you have a right to know where it will do the most good. If you are a SUPER-STANDARD RISK, wouldn’t you like to secure the full advantage of . that fact? The HOME LIFE INSURANCE COM- PANY of NEW YORK, under a new PREFER- RED CONTRACT just released, makes this m- Your request for information will place you under no obligation whatsoever. : H. R. BRYARLY & BRO. Managers Rust Building, 1001 .F‘ lf_leenlh St. N.W. Over a Third of @ Century's Self-Managing Apartments —do not exist. They need supervision — effi- cient, specialized. ex- perienced supervision. W nhmn such super- vision their income-pro- ducing power is bound to grow less and less. Our Apartment Man- | agement Service mini- mizes depreciation and increases income. Make use of it. B. F. SAUL CO. Main 2100. 925 15th St. N.W. Insured Income Fodorsl Security and Mortgage Company Guaranteed 6'4°% Bonds The Ronds are unconditionally guaranteed an to peincipal and interest by the Foderal Security & Mortgage Co and the Equiteble Security Co. of Now Vork, uader the supervision of the New York State Insurance Dopartment, with combined rescurces of over SLOMMOORON Independently trusteed By & local National Rank. Secured by trusts an conservatively ape praised ownor eccupied homes in the District of Columbia, Disteice of Columbia intengidle tax rebunded wp to § mills Yield €14 % Por Avnum Maturitios 2 te 10 Yeare C. E. 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