Evening Star Newspaper, January 9, 1928, Page 12

FINANCIAL.' THE EVENING STAR, W. ...wGiON, D. €. MONDAY. JANUARY 9. 1928. FINANCYAL. e ese————————————————————————————————————— = T ———— e (0 (0" WHEAT VALUES SAG | FARM BUYING POWER, [eov vy o s o] o ovTeur pow. lRADING N[RVUUS NEw YORK CURB T 2 A E:I‘é‘:‘m""m" i1 IN cHIcAGo TRAD'NG Drop Shown in Purchasing Ability | *".% @ year ago. dv,-‘,r,f,,.‘fm ,{m;,,,,!,',',“'c:’;";,,,:”;,;, These index numbers for varlou-\w ek averaged 622,650 barrels daii ||unuh~<‘3h”n1h periods are: given In the following!a declifle of 2750 barrels dally fro- 4 Tl o W AT, b 3 5 The Index of farm purchasing power | table in which the average for 1924 | 'h® Week before. flN GURB [XBHANGE pFallowing is the list of atocka and SIS [ ey IR * | Increases in World Shipments Fac- | ont to 107.6 tast week ns compared | represents 100: i . nds traded in on the D Sierra Pac E toeafain P 7 § AR : . 6 A it 0 Curb Market today: 33 Ashen Wit B ) itk 4 tor in Decline—Corn and with 114.1 the week before and 96.0 a Sl Nonaeo ipiex | LEAD ORE RECEIPTS. UP. i 3 s a1 A ‘A 4 year ago. rive A i I INDUSTRILS, R LS 9 1l e X ' Oats Are Easier. | Wi TDiles lnder ot savteuiriont lodex. Din oumhars | NEW YORK. January 9 .- i . < O IS : b ee AR S o | ! (AL Hacetne 5 | 3 R U3 NN { TRE % W Be iy e zoods went to 101.8 last week as com- | Gact weck ... 101k w18 leceipta of lead ore in Novemisr Low-Priced Issues Attract o Sup Mig A 13 o ahe T i de X pared with 103.3 the week before and o average 101 i 4 were 57085 tone agatnst £3.017 11 outh. .. 175 1 South Npr e ) A8 wi Ui It By the Associated Press, | 7 . w0 50 1080 € o ; auth i T R R P i 21 | D e . 5 3 040 Octaber 50,985 uth ofd 1 E Spald A G & Brod MON & LA Bty 2 CHICAGO, January 9. h world 930 a vear ago i 100.0 1000 1006 Aand 50935 in September, th Most Attention in Today’ AR ¢ o i RatE : T i et " [N ention in Today's Ly ar A v RN S Wit e Al HE Siieiis my o ; | The price index of nonagricultural s nietion fmerican Burean of Metal Ftatistics : ) s IR b tended downward early pr | Dealings. Ay & o & h % . 2 Mikis [an irregular start. Trade lacked vol —_— A ; BEiL ' an rreguiar wart. oo Tacked Vol . S e ———— Co n... h ¥ 2 bring ahout setbacks. Opening at 1§} - N Received by Private Wire Direct to The Star Office TR o1 of Agricultural Dollar. Hawgian ~ & I n Hronhs e 20k ) bR Al decline to ' advance, wheat later | BY WILLIAM F. HEFFERNAN. : l\.‘l‘ Trac. underwent a sag all around. Corn | Eprcial Dispatch to The Star. A s 3 : fe% and onts were also easier, corn start: | L o CEW YORI o - g v & 10 3 N S il RS 1 I \ ) ng unchanged to %a% lower and sub- e r NEW YORK, January 9.—Despite INAT BT N 2 3 Touded iswer) k 1 v TR * | sequently showing a moderate general Jast week's reassurances from official Roll, N vl 41 ¥ \ . ¢ SRR PRt 1k ; drop. Provisions slanted upawrd. . 2 . e ) # 1 Tramb AWashington that brokers’ loans are Ammed . a8 1 Bruscon W% 3 S YRR 11 N A o ot as important a factor marketwise | 1 Am Stwer'T i 103 1) e S0 T 1 AR P s| CENTRAL OF NEW JERSEY | . of Washlngton | S mar . d ce. con- <o El . 49% L - £s many have been led to helieve. con- | Azeo Gas B EICtansh A0S 4 it y \ NEW YORK, January 9 (P).— gulerable nervousness prevailed in the | i Coal Vie 3 ¢ 3 3 | af | Earnings of anthracite-currying rail- " 1 ¥ 2 E Enx & Found n curh market today as to the imme| Aubu L ANy 10 ol G dmp G 1R i, | ! Waw B 107 roads in 1927, ted the Central, 14 h & G S T U TR h it it t treets N.W. Jizte future price movement. How Dy e * P ‘ § d re st § 5 RSN y ey | with larger net income than in 1926, { or. the outstanding features again | ever. the outstanding features a [ivash Inceer et nsome thaliet 1o It was the low priced issues that it Am oD B 1101 'y : %t attention. Prominent wy D Sis 1 ' . il A %1, | much lower in 1927, it is sald, making attracted most attent ek Mot_'n. 4 a 3 4 fervel D 515 i e rpar et o el i jee of last week, and Engi- ot Wwh h 3 { Sherid RN 1 , caimliils o Selling e Of ek Teeeed foreard | ARFMUE, Woshvarth . 1! B JJy e E el a 1| GERMAN BONDS AND STOCKS QR - st g —— sympathetically. | 3 i <4 MINING STOCKS 0§ s wi 10K | ; 3 due from banks and bankers. . . .. $3,163,816.26 Backed by Same Interests. : e : A a Sou Ll S e e U. S. Government securities. . . . . . . . ... 2,593,024.13 activity and stre pil Lract ‘ 6 Crosson @old 1 : | Ger G e Lo without draw N \ind the senational ad.; 13 el Cor Am 1 3 M } St Tvet G G iead o Ayt e 00 41.00] receivable . 7,389,430.32 the latter issue. which | L 3 ot 3 i . BT . % n bk & 3an 1 Credits granted on acceptances - 74,377.02 occurred on the side of advance. al-| . LN » B 5 1005 i N onsiderable selling was in| £y ' 000, ¢ out $20 a share on the capital g pocurced on the ay 1 B : ARt : A 4 183 | 00 or about §20 u share on the capit Condensed Statement of Ccendition December 31,.1927 were Golden Centre Riyn Cite RR. 5 3 3 Smonk w‘}?&f crossing 6, doubled its ucyrus | Erie 0 : Auto Sup pid 3 3 Sehuite B K gax 00 B0 s, | slightly smaller gross earnings. 3 4 . 100 3 By Special Leased Wire to The Star. ;. b K- | E J -\ X B L% &L sked it significant that the same bank : : Co Soties ; R R T Other bonds and securities. . . 3,019,712.19 to more than 108 E i Houls ‘M ~ din | 4 : | reports were eurr unper 1 Sl 10 A ! : i 3 3% 100t 3 i Overdrafts . . . . 6,493.75 id . Mfg A evidence. TR p A 081y ' | before. ~Abnormal- charge-offs were | ucy Erie C pf Ves O & Su vie. 9 & Shell I‘||u; I, e back of both .| = g 3 oy Ly Sk L R attach per 100 K. 58.00 6200 Loans and discounts and accrued interest ich ore < \ o .t H . 10 New Sy 230wl IR HEEA o 4 Ranking house, furniture and fixtures 1,758,929.43 mont Mining « 13 s Blys & ds pre-war ish Co ! ST i s i Bhtie Sy wi _ i s Other real estate............. 150,178.65 their options on large bloc 1 u-n_'r_l [N 8ol 3 8| AL TR S ; - the price broke violently. hose in | 3 Cop S E e : f 1 \ g | close touch with the market for both | neol Latnd .. 13 K ) R i 4 X et B $18,155,961.75 stocks were reluctant o assign vel Prod A 0 50 Am G s 3 ' Quoted in doliars’ Ger shave.) Fiite “reason for their renewed | TETAG N a0 E N 1 : b ;@ lherman Gen Elecke fin LIABILITIES 34 Clirtie DI o : i ’ ~ - 1 . 1 B b o Farben....... H American Maracaibo, Creole Syndi-| | Curia Pub i ] : - o D e sdatis ) Capital ceier......$1,000,000. cate and Arkansas Natural Gas, ail| 5 Baxess Tod - e : e . ; B e Rl ds ,000,000.00 Jow priced members of the oil group. De For R € vio. " 3 . g Dresdner '8 s & rp nd and undivide: ere turned over in large volume | .3 BeFRC xic of dn An Lon o o8 i ; i ) 3 &9 profits ................. 619,150.64 Ralt Creek Producers, another of the| *J RISl N0 . : wh Am Miacaibo i : .. : i fndependents, _commanded attention| % Fact Rofi M'n'l il O Atk Nat Gas... A Yerour Bank Vienna'\LIL A0 D $1,619,150.64 mround. 35. Standard of Indiana| 1 Euneon Schid. ] B 3 2r 35 3 ! Austrian A E G\ Gen Etee) 80 Bf]:‘m s ek S 15,108,989.04 crossed §0 again, and Continental Oil 3 R & Sh Corp X T 1 Cit Serv 4 81y b . b 3 ¢ o} —_ ills payable . ve e Fontinued in demand. The oils evi-| Tovest Inc’+ . 43 3 i o 0 4 : SHORT-TERM SECURITIES Redi e t roc i ammnciise o SNAHE dently were in the best position | i1 PAL, ontl, wa ! Creale” Ssnd. .0 1% - 4 ; Wl : iscounts e - NONE marketwite in months and were be-| P y : T | i i 3 gelerve for taxes, interest, etc. A 76,445.05 Ing bought on prospects of a change 3 E : < : H * 10 1 s a0ty 101 > i R ToF the ‘better in the statistical posi- i - 113 H el da e p Allis Chalmers, 54 1937, 1 Am:nlnmn : s 977,000.00 tion of the industry during the early : ; 3 Danag Toi 6] Alimto ofpAmer3e 1 cceptances . 74,377.02 part of 1928. ; . Tome o Al ! i Americar, Threait €0, 6 1 A Bonds borrowed ... Fo 300,000.00 Earnings Spur Shares. R R e & 8 3A% ! i N 4 1 | Ausociated Gl 1 ““'X R iig | - = 4 : Litimore. & Ohio §as i1 ! Campbell, Wyant and Cannon, one{ §Forhan Co A ... 3¢ L 2 ;| Ml e €7 G0N ke p $18,155,961.75 ©f the latest additions to the hshll. vr'us' ;gm’l}»al-nk‘\r 1 Reit-Foste 3 i 4 e responding to estimates of highly o o BalL ko g L canadian_Nor. Ry, 33 5 = wvorable earnin; for the calendar Svinhon . ¥ ¥ al Prod. | a3 ) \ - g 0. 4 X ! - 7 g 70 » . vorable “carmings for the calendar| £ Fiior Lt ) Lo Sy i AR O e i Will Cordially Welcome You With Your Banking ot it i 4 Yencaieisn, b s patusses B Sy 5| and Investment Problems ported 1o be in the neighhorhood of : : SWiox 0 6'h 21 Mend s Co. | .90 a share on the 209548 no-par . ; i e o 4 Pet | ‘g ; « shares outstanding. According to the 3 Gon Laund Mach S A At wig | B : T]'l Bank f P al & ice” Jast halance sheet, current assets 1 Georsia Pow pfd. 1 33 N1 200A1 Tobos...... 1% 1% 23 Mor Bk | 1 i > on "‘ - F e o erson rvice against liabilities are in the ratio of | ap Gign A den Coal.. 1 0 Bome Segm b, . i q more than three to one. old Seal’ Eiec o hescbrah Mfe. | 3 R 3 Shert Line 4e 1930 " . aOther_features included Tubize Ar q 3 Clon Fe ey { R. Golden Donaldson, President across 500: General Baking class “A" Stores " w0 Imp 0 e R i St Oul ot N Jeraey 3 and high-grade food products issues. o : A WP R L TR 2k St 1 te i SUL VI MO &S Ry 480 T. S Battery up 7 points to 85 and sart 5 30 Nat© Transit. i Teeol Hed E 98 433 f 3 | hion it ot Call rlart oo, { R ¢ O Auburn Auto, ail at new top prices. 1 i vid 1 x 2o o QT ‘ nf By < ion R — R 3 3 2000 Prairie O & G n 23 onY, : e Sy . TREASURY CERTIFICATES. CHICAGO. January 9 UP).—Butter. | h : 1 g0 S 0 Ky e Jower: receipts. 10.397 tubs: creamery. 5 2 { g2 8.0 Ohio' n i1 T extras. 47: standards, 4333 extra firsts, | 3 JomksChra it 330 b AP EASIBO. .- FEDERAL LAND BANK BONDS (Reported by J & W Seligman & Ca.) b % 19 Ko . Salenin BONDS. by Alex Brown & Sone ~ "2 Noun 43 Ezzs. higher. receipts. 7.195 : o St 30 - 3 “INAls Pow 4154.... Srsts, 40%za41; ordinary firsts AR ) Lionn Re 3 et Re Leh Coal & 116G 45 6 (£ Y JRANTS GUARANTEED SAFETY and 6% for Your January Funds WO | Gar & Ei u‘:’, i I et ; —_— it Gas 6o batd 3 Hao | FOREIGN EXCHANGE. 0 3 % i Quotations furnished by W. B Hibbs & Co.) inal gold Seliing T Am Seating u Lol 5 Am Thread i : : nnine Bow 5 1 11 Mare Wire Lon"> 13 ) I Pow3 iR 3 ! Jfrane .. o T & ElS | tieriin. oark Rome fira F 2 3 b | i R 5 & <143 1 | PARIS, January 9 UP).—Prices were | Madrid oeseta 3 Menzel Box % 3 k 3 Bel S SRS Hid 4 quiet on the Bourse tod: Thees per | Slema bl & Me 6o M 1031 10 cent rentes, 63 francs 35 centimes. | Dyagoe. ortn s AC 80 ¢ . | Exchange on London, 124 f zloty i centimes. Five per cent I - e - | francs. The dollar was quoted 2 I crown francs 44% centime: 3 e % Ch B0 Toal Bibe R i ‘ A PER SHARE ANALY Fub Ser A 22 @ Cine S Ry 5% s A 10113 : b 3 A - What 1s Back of Each Share : e 3 Cit Ser - B Morning Baths Coming. | 456 3. ¢0:day bills i | N 3 ; it Sery e 93 5 5 Residents In the south ward of Dun France, demand X d 3 dalk, Scotland. will soon have water ables, 3.92 15-16; Italy. de: <& ‘Shen for breakfast and baths. They re 5.283% cables, 5.2 Fer Pnd n, 9 cently complained to the elty council X Belgium 3 Sorth O Pow C.. A i 2 that their kettles had to be left under 61:; Holland. 40 23; Norway e H the faucetx at 6 o'clock at night in | Sweden. 2689 Denmark, 2 { order thut they would be full of water ' Switzerland > inle Gkl 3 | for breakfaxt the next morning. And . 132, Poland, 1 Fairhanks Mor ' o | day-starting baths were impossible. slovakia, 296 Jugoslav - e e | 4 irestone T&R 3 9% | The council hurriedly borrowed $35 | Austrin, 1411 Rum B Lal Pt 3 et o : £ 1000 to cover the cost of additional i Brazil, 1 Eaverase ahout 34 baid prior o Wiegiy n. 2 4 4 Gatineat P . which are being laid sidena each In fiscal §Piney Bosus PM Fears 1917 38 50 per cent i 1920 | 1% Pitish & Lake AL 100 Aok yields 5 per cent 2 Secur Corp - 2Trade marks. eir . neluded 1o asets for Tprad Lamb € 81 Valle not indicated ;, Brod & Gamy Rubheroid ~ e~~~ ormation ae U \aiucs b ) Ratewsr. Starcs Soinerling B¢ uary 9 eign exchanges mixed. Quotatio, at _ Britain, demand VERY investor knows that for many months bond viclds have been steadily declining. On the basis of 60 representative bonds, Standard Statistics computes that bond vields are now at the lowest ebh since 1912, In the vear just ended millions of dollars” worth of bonds have been called and reissued at much lower rates of interest. Thus confronted with the prospect of diminished .earnings, what will the bond investor do? DI DAY WAL DI D BN DRI CPIANY DI P UL hook for future reference D A New Book— “MAKING SAFETY PAY PROFITS” " If he is well advised he will turn to the field of real estate mortgage investment. For GUARANTY BONDS offer not only a greater degree of safety than bonds in the general market. but a vield of 6%, compared with an average vield of 4.42% tfrom other classes of high-grade honds. .0 A Guaranty Bonds are strongly secured by first mortgages on completed, income-producing prop- erties in and near Washington. Everv dollar of principal and interest is guaranteed by the Real Estate Mortgage and Guaranty Corporation. This corporation has capital, surplus and re- serves of more than 83,700,000.00. I Y NO means the whole debt for our marvelous material progress is owing to Science. As a matter of fact Scientists have been far more pre- Write for ' occupied with causes than effects. They have dwele Your COP’ —Now . with ideas rather than things, and have cared very = 2 i little whether or not those ideas could be usefully Smith Company offerin nce 1873.— Long before Columbus, scientists had concluded .(3&.!‘:)"0:!1:::‘(:0?::"::“:: l‘z:lnpt:nilero that the world was round, but if remained 1:nr olleges, large inl!’i!u!ionl and individusi ('ulumlm.». a practic al man, to perceive the material rnvestors.—(3) How to obtain $975 in- i possibilicies of that macienaricai abstraction. And terest on a $1,000 investment in Safe [l it was Queen Isabella—in the role of banker—who First Mortgage Bonds in 15 years. I allowed him to turn those possibilities into facts, You will weat this sow llestrated DDA DI DU S So, too, with mechanical progress. The scientist revealed, the inventor applied, the banker provided. The scientist seeks principles; the inventor, utili- ties; the banker, results, HAMBILETON &< CO. Eitablished 1865 SOUTHERN BUILDING WASHINGTON; D, C, BALTIMG NEW VORK . PIILADELPHIA L CHICA REAL ESTATE MORTGAGE & GUARANTY CORPORATION 20 JACKSON PLACE Vw} THE F. H.SMITH CoO. Smith Building Washington, D. C. 815-15th Stret, N.W. - Mas 6460 Branch offices in New York — Chicago — and Other Cities Geutlemen — Kindly send me copy of your new ilustrated ook whish dews ribes 1hs Guaranteed 0, % First Mortgage investment } TN e o e o o e e o e e e e e e e o . 2 P O e o