Evening Star Newspaper, January 10, 1928, Page 14

FINANCIAL APPLICATIONS INVITED FIRST IORTGAGE LOANS On Tmproved Real Estate ~for three or five year terms at prevailing interest rates. Lincoln National Bank Washington, D. C. First Deed of Trust Notes for Sale Secured by Improved Real Estate in the District of Columbia Principal and Interest GUARANTEED REAL ESTATE MORTGAGE & GUARANTY CORPORATION Main 1403 26 Jackson Place ;Zlc-lurnn Over $4,000,000 L. E. Breuninger, President Money Available for FIRST DEED OF TRUST LOANS Reasonable Commission Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. Wright, Slade & Co. MEMBERS New York Stock Exchange New York Cotton Ex Chicago Board of Trade Stocks and Bonds Bought and Sold for Cash or Carried on Margin THE MAYFLOWER HOTEL Connecticut Ave. at DeSales St. Telephone Main 1581 Resident Partner Mortgage Money Loaned at Low Interest Rates _Economic Conditions Tyler & Rutherford orrespondent Mutual Benefit T S 1520 K Street Main 475 Money to g s deed of trust on real estate ot Offices Saul Building 925 15th St. N.W. Several desirable rooms at wery reasonable rents. Inspec- tlon invited. B. F. SAUL CO. Main 2100 925 15th St. N.W. Continental Trust Co. 14th and H Streets Capital $1,000,000.00 ‘Checking Accounts Savings Accounts Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WAUL H. COOPER, Presidéni Capital $1,000,000.00 * e R S 3 U DIVERSI- 1 1ED selection of sound bonds and preferred sucks, Suggestions on Kequest o ———— T Stroud, Kurtz & Co. oo porated 1 renspourtation Building Waesbington, D. C. b Philadelphia New York “MERGY' ADVANCES ON EXCHANGE HERE Railway Common Moves at 465—Bonds Are Firm in Quiet Trade. BY EDWARD C. STONE. Mergenthaler Linotype furnished a surprise on the Washington Stock Exchange today, when it opened at 110% and advanced to 1111 during he session. i Washington Railway & Electric common appeared on the board today after being in the background for Some time, selling at 465. The pre- ferred stock sold at 10115. Peoples Drug_came out today at 1213. Capital Traction sold at 1093 and there was considerable trading in other local issues. Bonds were firm on a moderate turnover. Many New Directors Elected. Reports elsewhere in today’s Star of the annual meetings of many Wash- ington banks show that the stockhold- ers have added many new directors to their lists. Riggs National and the Continental Trust added the most new names, but several other institutions put on cne or two more directors. At the Park Savings Bank meeting today Warren W. Spencer was added to the directorate and it intimated that®at the organization meeting late this afternoon two additional vice presidents would be elected. Clay Products Declares Dividend. The Continental Clay. l"nnlnflt Cor- poration, headed by E. Chewning of Washington as )WrPsiriem flm! with offics Washington, has declared a semi-an- ferred stock of $1,000,000 to stockhold- ers as of record December 15, 1927, payable January 5, 1 Chaine of department stores, com- parable in size to General Motors Cor- poration and United States Steel Cor- poration, will be a development of the near future, according to Edward A. Filene, prominent merchant, who read a paper on “The Present Status and Future Prospects of Chains of De- partment Stores” before the Ameri- can Economic Association, here re- cently. Such a chain will operate 50 to 100 large department stores in cities from coast to coast and do a_business of a billion dollars a yvear. Each depart- ment of each store, Mr. Filene says, will itself be a unit in a chain of similar departments. In this way the advantages' of chain stores will be combined with the advantages of department stores. New Industrial Facts Sought. Tndér the direction of the Organiza- tion Service of the Chamber of Com- merce of the United States an effort} will be made to chart the shifting of industry during the past year. Mem- ber organizations scattered throughout the country have been asked to report manufacturing plants started during the year and whether the plant is a new undertaking, a branch plant or a removal from another place. When the returns are complete figures will be compiled for the entire country. ‘The survey is expected to reveal how extensive a basis of fact exists for the reiterated statement that in- dustry js shifting its ground and that in some instances highly concentrated industries are spreading out to get into closer touch with their markets, AbItibi Pow (5). Quotations to 2:55 p.m. High, 1“ " 141 Abrahmé&Stras.. 108% 106% Abr&Stras 7%pf 113 Adv Rumley pf.. ‘Ahumada Lead. . Afr Reductn(17) Ajax Rubber.... Alaska Junea Albany Papr(2). Albny Pap pf(7) Allled Chem (8). Allis Chalm (6). Amal Leather... Amerada (2).... Am Agricul Chm Am Agri Ch pt.. Am Bank N(13) Am Bosch..... Am Br Sh(J/1.60) ‘Am Brown Bov. ‘Am Brown Bo pt Am Can (2) AmCar&Fdy Am Chicle (3)... Am Drug (80¢). Am Encau (2.40) Am Express (6). Am & For Pow Am For Pwrr Am&Fo Po pf(7) Am Hide & Lea, Am Hide & L pf. Am Ho P (240). American Ice(2! Am Ice pf (6)... Am Internati(2) Am LaFr&Foam Am LaFra p£(7) Am Linseed. ... Am Linseed pf.. Am Locomot(8). AmMCh&Fy (13). AmMa&Fy pf(7) Am Metals (3).. Am Piano. . Am P& Lt(f Am Radiator (5) Am Republic. .. Am Sat Raz 143 ‘Am Seating (14) Am Ship & Com, Am Smelting(8) in Pittsburgh, New York and | {7V SRR T Am Stl Fdys (3) nual dividend of 3 per cent on its pre- [ A7 S| oy e ( Am Sugar (5 Am Sugar pf(7). Am Sumatra. ... Chains of Department Stores Seen, |Am Tel & Tel(9) Am Tobacco(8). Am TobaccoB(8) Am Tobac X\NG) Am Type pf(7) Am W W(m8oc)’ AmWWks pf(6) Am Woolen. . Am Woolen pf. . Am Writ Pa ctfs AmWrPa pf cfs. AmZinc pt..... Anaconda (3)... Archer-Dan (3) . ArmourDel pf(7, Armourof11i(A) Armourof111(B) Armour 111 p£(7) Arnold Con & Co Artioom (3).. Asso Dry G(z's) Ass0 O11(#3.20) . Atchison (110).. Atchison pt (5). AtlCoast L(110) 185 At Gulf & WI.. Atl Gulf& W1 pt. Atl Refintng (4). AtlasPowder (4) Atlas Pow pf (6) 103 Austi ols. . Austrian Cr 4.52. Auto Baes. ... Autostrap A (3). Baldwin L (7) Balto &0 (6)... Bambgr pf(6i5). 111% 111% Bang & Ar (3's) Bang & Ar pf(7) 113 Bk Cometce 118. o' Barnsdl A(b23; SILVER QUOTATIONS. NEW YORK, January 10 (#).—Bar silver, 57%; Mexican dollars, 44%. C— FOREIGN EXCHANGE. ) Bayuk Cigars. .. Bayuk 18t p£(7). Heacon Ofl. . Beechnut (7 . Belding Bros (2) Best & Co (3)... Bethlehem Steel Beth St pf (7).. Bloomingdale. .. Blumenthal pf. . Bon Ami C1 A4) Borden Milk (6). (Quotations furnished by W B Hibbs & Co.) | Hri€Es MIg Co. . dodas. agne Waraw. zioty. . Covenhazen. crowi. 11 Stockboim, © cro FEDERAL LAND BANK BONDS. (Quoten by Alex. Brown & Sons. Ciosine | it Asked, Vield, :omlnnl £old s.umnn.enu British Empir Briush Emp 2 Bkiyn-Edison ( Bkiyn-Man (4). BrownShoe(23) irunswick B (2) Brunswick Ter. . Bucyrus Erfe. .. Bucyrus E (cv). BUt R&P L (6) Burns BrosA(§) BurnsBros pt(i) Burroughs Ad 14 Bush Term (g2). Bush Ter de (7). Bush Trm pf (7) Butte Cop (50¢). Butte&Super(2) Byer&Co...... By-Products (2) 0 | Calif Packg (4). PIESPS SHORT-TERM SECURITIES, (Reported by J. & W. Seligman & Co.) W“* Certain-Teed (4) b9 it 101 lg Chand-Cleve. 10 101y PER SHARE ANALYSIN, What Is Buck of Kach Bhare. | roras o Tnauctione prefened sk i current ville Can Pactfic zd pd 208 CaneThreshg(6) 270 alif Petm (1).. ‘aliahan Zine Calumet & Ar(6) Calu & Hecla (2) Can Dry (18%). Can Pacific (10). Cause Thr pf(7). ‘ent Alloy (2). . praT) Cero de Pasco(4) erto Corpn(14) Chandler Mot pf. #6457 20 0n don in1uf and ¥7 10 102b ot 15 ik vike 8.6 ver cont (Conmult your bauker of bioker for Jer dntuimstion se L velues bk ek HSliayinek this tor tutie seleivve, o ously | 210770 Caba Com vl 315" | ag Bk(16). hem Nat B(24) 'nuummu‘u C &0 Corpn (3) Chi Mil & Bt 1" hi Mi&SUP pt M&BLPets.. MaSLY pf i, Chi & Nwni (4).. Chi Rock 16 (4). CHI&PpL( YellowC(4) 1dw (32.40)... Chile Co (2% ) .20). or (3) Co (10) ity Blor A (3%) City Storen (1), 13 854 3% 12% 1 1% 27 274 994 994 166% 157% 117% 117% 12% 12% 31% 31% 19% 20 67% 85% 3% 182 12% 61 172 231 4 107 107 131 131 41% 63 65% 6514 23 4% 87 87% 112 112% 173 178 114% 114% 42 43 20% 208 58 401 405 4 177% 1784 134 134 67% 69 113% 113 b T 109 109% 61 61 180 171% 172 172 172 119% 119% <114 114 591 594 101% 101% 21% 21% b1y 51 n” 17 45 41 56 567 9%, ¥O% 12 12% 7 7 1 49 W 49 42 25% 190% 1913 103% 108% 185 391 394 40 40 106% 1064 64 64 108 5l 5% 2N T2% 8 84 43's 44's 250 250 116% 116% 80 s2 15 567 24% 25 106 1056 107% 1084 6 160 % 75 19% 19% 85 by 574 % 120 120 42% 42y ¥ 96 667 67 171 176% 2% 244 I diy 210 55 47 3 16% P Bovs il 874 ¥ov 9o, Yh 998 141's 141% 61 109 n7 4% o1y 96 69' T1% 7 T 26% 26 F 2 106% 106% 20% 2l 67 209% 211 208 270 128 128 Bl 314 109% 109% 67 67 694 6% 3% 211 b6y 4Tl 83% 17% 2y 36 6% Gty 17% 602 940 202 79% 940 202% u' 19% 374 o'y 110 110 102% 102% 41% 41% b2 41k 104 109% 690 146 02w 145 8% Tive L 188% 144 Colline & Alk(4) 104 1000 102 CollinnkA pf(7) Fuel & Lron, & Houthn (4) o Bou Int (4) Ghiaw & K1 (5) Col G&E pt A8) 100% 100% 1004 109% Cal Carbon (4).,. Com Cred (1). .. Com Cr pt 13 (2) Com Crpf (1% ) Com Cred pf 61, Inv (4.60). o ow (2% ), Congoleum-Nali Cersi(tely) Zon Cligars (1) Con Clgars pI(7) Connol Distribut Conmol Gas (5)., Consol Textile Bukg A (4) nt Baking .. Cant Bak pt (8) Cont Can (6., nt Lusur (6) ut Mont (80c) 3 Forod (1) Coty Luc (18) Cruciblenstenl Bk | b Cane s pr puny Cuban At y e (4) Curtins Acio Cuyumel Fruit, 7t (%) pavion crem JoserohCo (7). 1105 110% 116% 1ioh 108% 108% 6% T9% 116 116 6% 16% Yo 91 6% Y6 284 2y 24% 284, HY, 62% rres P My 6% L 2% i Bty 100 100 % 1% 120% 121% o A 49 9% o B% 10w o8 2% 182 by i B0ly B 104 [ G 0% biv bl Al Al 104 06 17 1 Received by Private Wire Direct to The Star Office. in 530 2:55. 181 Final Quotations High. Low. 182% 181 135% 133% 58 bT% 167% 167 47 A% 1 137% 137% 21% 20'% 2% Edition, Low, 2:5| 141 Nll. 106 105 13 13 35 35 3 % 178 1% 1% 26 99% 164% 116 12% 14 19% 65 ki3 20% Open, 182% 135% Nat D St 1st (7) Nat Iistillers, Nat Distillers pi Nat Lead (5)... Nat Lead pfA(7) NatPark Bk(24 Nat Pw&Lt (80¢ Nat Radiator. ... Nat Ry Mox 2d. . t Sumvly (16). 'Del&!lud (.. Del L& W (17). DRG Wst pf... Detroit Ed (8) Devoe & R(2.40) Devoe&R 1st(7). Diamd Mtch(8). Dodge Bros C1 A Dodge pf (7). ... Dome Mines (1). Dul§ S & Atla Dunhill Int (4). Du Pont (114%). 3 Duquesne pt (7) Eastman (18)... Eaton Axle (2).. Eisenlohr & Bro. Eisenlohr pf (7) El AutoLt(16%) Electric Boat. Elec Powr & L ElIPo&Lt fpd (7 Elec P&Lt pf (7) Elec Refrigoratn Elec Stor Bat(5) Em-Brantgm(A) End-John (5). .. Engineers Pub S Equit Bldg (7).. EquitableTr(12) ErleR R Erle 1st p Erie Stm § ErfeStmS cfs sureka (14%4) Exchange (1%). Falrbanks (3)... Fed Ligt(h1.40). Fed L&T pf (6). Fid Phoe Ins(5). First NatS(12 Fisk Rubber. Fisk 18t pt ( Fleiscl NY Alr Br (3) N Y Cent (8) 116% 164 26% 14 115% 164 2613 14% 92 1097 144 28% a1 105% 111 28% 120% &\Vll).. :\Y Steam pt (6) Stm pf A (7) r&Wstn (*10) rf & W pt(4). NorAm b10% stk North Am pt (3) North Pac (5). .. Nor Pac ofs(b). . Norwalk Tire. alk Tire pf. Nunually (%)-.. 01l Well Sup Oil Well S pt Omnibus. ... Opnhm Col (4) Orpheum Cir ( ) 2% Otis Steel. .. Otis Sth prior(7). Outlet Co (1)... 3 {Uwens Bot (¢ 110% 110's 163 166 113% 118% 43 20% n-Am L'et (R). Pan-Am West B Panhandle. Parmt-Fam (j8) . Paramt-F pt (8) Park & Tilford. , Park Utah (80c) Pathe Exchange. Pathe Ex A (4).. Patino (a2.10).. M 1134 113% % ke 109 5919 179 179 171% 171% 171 171 118 118 114 114 68 68 101% 1013 21 21 | Found Fox Film A (1) FreeptTex(15%) briel Sn (3'3) Gardner Motor. . Gen Am Tnk(4). Gen Asphalt. .. Gen Bakg pf (8) Gen Cable A(4).. Gen Cigars (4). Gen Elec (15)... GenElec sp(60c) Gen GasA(o1%) Gen Motors. ... Gen Mot pt (7). . Gen Outdr Ad(2) Gen By SIK((h); . ' en Refrac (3). L, Gillette SaR(i5) Penick&F pf(7). Gimbel Bros Penn R KU‘:L Gimbl Br pf( *| Peoples Gas (8. Glidden Co. . ! Pere Marq (18). Glidden pr pf(7) PhilaCos % pr(3) Gold Dust (3)... Phila& RCI. Goodrich Ru (1) Philip Morris. . . Goodrich pf (7). Phillips-Jon (1) Goodyear Tire. . Phitlips Pet (3 Goodyr 1st pf(7) Phoenix Hosfery Gothm Hos 121z Gothm new 3 Gotham H pf ( Gould Coupler A | Granby Con Min. Grt North pf (5) Gt Nor pf cfs(5) Grt Nor O (1%4). Grt Wes S(2.: Gt West 8 pf Green Canan.... Gulf States Stec] Guif Sta 1st(7).. Hrtn B b10 %8stk Hershey Cor, Hershy pr pi(s) Hershey pf.... Phoenix pf (7). b5 b6% 89 55% 564 894 1% 12 6% 6% 68y 68y 48 48 42 42 25% 25l 464 46% 89% 394 189% 190 103% 103% Arrow pf Plerce Petrolm Pilisbury (1. Pillsbry pri6iy). Pitts Coal. ... . PittsTerm Coal. . Pitis Ter pt (6). Pitts&W Va(6). Porto Rico To . rostum (5)... Hoe & Co A Hollander & Son Household (14) . Houston Oil. . Howe Sound (1) Hud Man (2%). Hud Man pt (& Hudson Mot Hupp Mot (1.40 1llinols Cen () 111 Cent pf (6). Indep Ol (1).. Indian Mot (113) Indian Kefining. Indian Refg ctis Ind Ref pf(7). .. ingersoli RA(15) Iniand 8t (%) Inland S pt (7) Inspiration Co; InterboroRapTr. Intcontl Rub(1). Internat Agri. Int Bus Ma (5).. Int Cement (4).. Int Cement pt(™ int Com Eng (2) Int Comb pt Int Harv (§6). IntMtch pre3 Int Mer Mar pf.. 1ut Nickel Inti Paper 2 nt Paper pe (7) Inter Salt (6). Inu Stiver Int Tel & T Intertypectits). Lsland Creek (1) Jewel Tea. Jones Bros T Jopes & Lau ( Jordan Motor. Kan City South nayserJ (4). Keily-Spring heis-Hayes . Keis Wh pt (7) Kennecott C(6) Kinney pf (8) hnfll Chll ’;) .20) Pulimn Corpti). Punta Aleg Sug. Puge Ol T1.873, Purity BakA(3). Purity Bak B (2) Purity Bak pe(7) 43 43‘\ 250 250 116% 116% 1ils 111m ki3 B2y us 116 b66 665 24% 24 106 105 107% " 108' T8k 19 [ 1d he(,rmuv mingtn-Rand. Rem-Rd 1st(7). Hensseir&Sar 7 Keo Motor (11), Replr& Ell ). {Rep L&SPI (D). nolds Spngs. Tob B(1e33) ) lt“"; 120% § 4z% 42w w5 w5 65% 6% 170 176% 8% s 1% 3% un 206% 209 Ham 747 83% 3% 166 164 2% 14% 1 00 109% 104% 14% 17w ELEY 1o | 07y 104% 236 1004 10 ATl oxn, 100w 60's, 2 1xKL | 146 oyal Dad.13%. utland pf.... SUL&SanF piis) L Southwest vage Arms. hulte (335) . bd Alr Line Seab Air Lipf. grave (e1.20) rs-R (o2 ;-; Win ot [N 140 140 4 0 40 3 1n8y 108% 106 17 117% 4% 4 9 Yl 91% 96 691 1% 6% 26% 102 204 55" 207, 208 262 263% 128 128 30% 30% | 109% 1094 66 66 o 76 8) Simmon Stmms Pet Sinciur Ol clajg pe (8) 1045 200 b6'% 209 208 St Sulder l‘kb, e, So Por Ric S(12 l wth Por pf(s) South Calif Ed. . Nouth Dairles A, South Dairtes B, South ac (6)... Southern Ky (§) South Ry pf (5). 110 [3EN 89:s 65 PN Laclede ¢ Lago Ol (75¢) . Lambert Co (16) Lee Tire & 1tu ehighVal(3%). Lekn & Fink(3). Lite Sav (1.60). Lig& Myrs(f14). Lig&MyrsB(4). Lima Joco (4). Lig Carb (3.60). Loew's Ine (18). Loose-Wil(1.69) Looke-W 15t(7) Lorillard ¢ Loriilard pt 57% 6% Std Mill(b).... Std Millg pf (8). vav SONCRICT2%) L 197 IIW’ 78 T84 4l S OHNY (L60). Std Plato Glass., Sterlg Prodor?) Strom Car Studebaker (b). Studebak pf (7) Submarine Boat nOil ). Sun OIl pt (8) Suporior Ofl | Sweets of Adher. | Symington Cl AL renn Copper (1) Toxus Corpn (4) Tox Gult Sul (4) Tox & Pacitic Tox PC&OO) . X Laund Tostn Thateher Mfy Thatohr prd.60) The Falr (2.10). Third Avenue. WiterAROIL . TIAWASOLDL () Tide WOI pELos) Timke uu Tobae ¥ wo Frod A «‘I anscont ULl . anmuo & W (1) win City 13 364 B6% 18 10t 364 36% 85l B5Y 108 108Y% 102 102% 4% 414 bz 40 40 1025 107 bbw G6% 140 146 b9 h2% 62y 62% 7% 1% 181 138l 108 108 MeAndrwst MeCrory (1.60). MeCrory pf (6). Mgk Truck (6). Muckay (7) 11 1 1010 1014, 16 Magma Cop (3) . Mallison & C Mallison pf (i), Mandel (2% ) Bup (6), mgds) 108 164 1un Th% 0% 1% Maracuibo O1l. Murland Ol Maur Jock (13%) Mathieson (4). . May Dept B(4) Maytag (13).. Mex Potrim (§7) Mexican Beab. .. Miami Cop (1) Mid-Continent. . Mididlo Blates Mid Biates Of ot Midland preii) Mum Hubber & Bt Louis Mnuamm k) Mo Kan & Tox Mo K & T pro). Missourt Pacific Missouri-ac pr Montana Fow (o ey W) on Motor, Mother L (b00) Motor Met (8.60) Motor Wi ) Mullinn Mfg Munstigwi (1) Murvay Corp o8 2% 24% 28%, MY 624 64 27 " 28 b 28% BHY, 24 64 2 T 9% AN nderwood (1) o Mag&lapor Ilon Carb (6). Union 011 (124) futen F'ao (10), ulon Tank (0), td Miscuit JUACETSUCEO00) I Cige BUpEes) nited Drug () Utd Dyowo Utd Frait(16%) UHCLPEIN0) U N Distibuting U8 Hoftman (1) U B Aleohol (0) U IAAIE pECE) U N Leather A U N Leather w &, UH Lot prf i) U Realty (4) U B Hubher U Rub st (8) U A Bt () Ui 119 120" dn o AW a8 b [ ol 764 10% Narh Motor(1i) Nash & Chat (1) Nat Aoine (sla) Nat Bollus Hox NatBHess pfil) NathBiseultco8) Nat Canh H(A)S Nat City Bk (30) Natl Dalry (3) .0 10 By Bty b1ty 4 Bty hiy By 2 Ul Loaf T4 ( ety G0 Uni Plo Lat prs) Oven. 91 % 332 1007 111% 1887 87 59% ol 110 108 . 101% 10z 1 B P 94l 144k 254 6l A,a. 1014 60% b1t P Sy 120 a6ty lovy 49 $7ly 1841y 21ty 144 100% BNy 65% 24 108 101 'y 1408 ally 184 b8y 128 1 815, . 100 an, 15 184 1070 Ha T 106 87 9 120 11N 1 Ny N 50 1080 196 “ 1w o 104 1204 b ELL Wit P N 1078 g [FLIN Y [ TRl o ’ NEW YORK STOCK EXCHANGE xhxh mm. 5a% 70 69% 126 1 139 139 642 642 221, 22'% 39% 38% 2% 2% 94 825 170 18% 44% Low. 91 170 18% AbY 162 160% 180 128 128 109% 109 109% 60 60V 60% 6% 61 63 114 113% 113% A% B0% 307% 101 100% 100% 11% 111% 111% 1687 186 186 87 87 59 H9% 53% 160% 109' 1 12'y H6% HG 24% 24% 1614 149 120 120 1 10% Bily B3Y Bl MUy 12% 24% 149% 120 11 #3% swig 17% 1% ]ll‘v 121 Ml" 36 36 36 12% 11% 12 4 4 1 1748 24% 184 17T% 184 2315 23 234 105 108 105 647 641 64% 20% 4 364 354 llul. 5 1 e 3' 35 35 EC I ] l.{s’n 1384 133' 204 iy 36 11% S 4l 4lh 104% 1045 104% 119% 119 1194 1344 134% 13415 sl 33 26% Bl | 12 108 6lin 118 10% 61 110 108 1044 103 15 101 v 1020 2% wil 944 1180 1440 144 zhle 24e 61% 60 0% 105% u-s-. 105n l‘u" GM 163 43 “on 163 s 1% st 1% 111% 1011 10145 101t e 1 i ol 51 x“a 15% 50 Ry l!l‘~ A9 kN 122 1 [ETY 100% 100% 100% 13 13 18 M uL gl oxly 58 b8 6% 634 i 1ozl 1021y 10: 1408 1 EJEN 4 68% 128 50 46t 57 123 1 RIS 100 a, 144 184 10% 84 Y 1089, 10 14 461y 571 123 1N 100 g 15 184 10% [y 4 8% 100 3 s, 18 10m | bt 6k 1074 | 1 B A W 110 1094 110% (LR FECNRPEEN Py N RO [T T UM T 50 b0 80 G ey Al " [EL I E T AN qa, l\kl'; LI FU) 121 134} 8N am; 108 108% 108% 196 1oy i L) 1980 1N, nm. 208 200 L TN 81 60 Nty Neily sy ln\- 60 106ty RN 10 i PN 1on e 1a0 i Al [T it a1 | Va-Car Ch 6% pt STOCKS IN SLUMP ON SELLING WAVE|" Flood of Offerings After Short Rally Sends Prices Tumbling. i BY GEORGE T. HUGHE! | Special Dispatch to The Star, NEW YORK, January 10. the heaviest selling witnesse year, prices on the Stock luxchanxe broke today at great severity. There was 2 momentary rally around noon when the untilled tonnage statement of the United States Steel Corporation was given out, but it did not last. Stocks recovered a point oc so and then the flood of offerings carried them down again. Stop loss orders were uncovered in all parts of the lis Investment is- sues suffercd along with the purely speculative. Stocks like Brooklyn Edison broke over 5 points. U. 8. Steel dipped below 147 after having sold more than 3 points higher ear- lier in the day. General Motors broke to 132. The Steel report stemmed the selling only temporarily. The statement showed an increase in unfilled orders of 518,430 tons as FINANCIAL. Reserve District No, REPORT OF (O\DI’AIO\ MERCHANI'S BANK & TRUST CO. At Washington, in the District of Columbia, at the close of business oy December 31, 1927, RESOURCES. . aLoans and discounts, including rediscounts, acceptances of other banks and foreign bills of exchange or drafts sold with the indorsement of this bank. 2. Overdrafts, unsecured .. 4 Other bonds, stocks, securities, cte,, owned. ; o 6. Banking house, $146,000; furniture and flx(urefl 43,251.!9. 7. Real estate owned other than banking house....... 10. Cash In vault and amount due from national banks. 11. Amount due from State banks, bankers and trust eom the United States (other than included in item 10). Total of items 10 and 11. 14. b Miscellaneous cash items 15. Other assets, If any... 825, ou’xa 58,583 9‘ 2,807.6% 101,087.85 — sessssssesssenees. . §9,874,153.72 Total......... cesen LIABILITIES. 19. Capital stock paid in. 20. Surplus fund ..... 21, a Undivided profits. b Reserved for special and dep: ‘L'IM 080.00 0,000 “fation. 26. 3 Amount due to State banks, hankers and trust companies in the United States b Amount due to banks in forelgn countr; Certified checks ontstanding. 25. Cashler's checks outstanding. 29. Dividend checks outstandin, Total of items 26, 27 Demand deposits (other than ban (deposits payable within 30 daye): s ‘l:ndl!;’l‘du;n‘l deposits subject to check... ertificates of deposit dus in les r s borrowe?l‘:' n less than 30 ua)l'h’r than for 34. Other demand domsm =i 4,260,9%8.4, 1229209 52,3851 of December 31 last. This was more | favorable than most _optimistic | predictions, and brought short cov-| | ering into the entire I teel re- | sponded by gaining over a | int h!)d: the stocks which had been under the heaviest pressure at the opening ral- ied sympathetically | "The tirst two hours | however, witnessed hug. both accounts with unifors large price losses. Motors Are Attacked. The motor share ere the first ob s of attack. ng in this part of the list was in large volume. There was more talk of unfavorable effect on | earnings of price cutting and of the competitive situation generally. The | market had little that was new in these respects to go upon, but the fact | that it had shown itself sensitive in | i the closing quarter of an hour of the | day before encouraged the bear party today. | Nash Motors was singled out becau: of professed disappointment that the stock had not been put on a regular asis instead of $4 regular and 50 No attention | paid to the extraordinarily strong financial position revealed in the bal ance sheet. At 93 Nash was down | nearly 6 points from the high vester- | day, but it seemed to find support | around this price. eneral Moto Hudson, Packard Mack Trucks were all pressed for sale. Naturally they gave way. ‘The significance, however, was not the fact that lower prices re brought about, but that the declines were as small as they were. Rails Unusually Dull. The general industrial list acted much the same fashion as the motor stoc Montgom Ward, Wool- worth, _ Paper. Case General Elec elded a point or more in the 1y trading. Railroad shares were unu: Most of them were lower but there were except | Haven was higher for a tim were St. Louis S cific and Mangor & Aroostook. \lune) renewed at 42 per cent and | was a little firmer. The hanks called $15.000,000 to readjust balances at the Federal Reserve, ~The ne: quiring member. banks in City to report on their reserve position vice a week Instead of once as for- merly went into effeet today. e OFFICIALS RESIGN. NEW YORK, January 10 (P).—Carl s | Dietz, president of the Bridgeport Brass Co, and R. T. Kent, general + | manager. have resigned. Ralph Day. | keneral manager @& American Brass Co.’s plant at Hastings-on-the-Hudson as placed in charge of the Bridge- lpurl plant. GOLD FROM CANADA. EW YORK. January 10 (P.—Co € the Canadian dollar discount of 1164 to 316 of 1 per ce which is in accordance with its sea sonal weakness in the foreign ex- {change market, brought §2, more gold from Canada toda signed to the of Montreal New York. It is expected this week's | imports from across the border may range from $5,000,000 to $10,000.000 STEEL ORDERS JUMP. NEW YORK, January 10 (P —TUr | filled orders of the United 1 Corporation on December 3 public today, sho n incrense of ceding months, | tons Uni Pipe pf (1) | Utah Coper (6) Ut PSLE Ace2) Vanadium (14) Van Raalte pf | Vick Chem (). ey o 1031 il 1o 1024 13% 4T Victor ¢ pf (6 Viet ne Va-Caro Chem. Vivadou (b10) Vulean Detin Wabash....... Wabash pf (A (5 Waldorf (13). Walworth (1.20) Ward Baking B. Ward Bak pt (1) Warner Plo A Warner-Quin Warr W Penn West 1 Weat Da Wostern I West Maryland., West Md West Pacine, Woatn Pacitio pt Waest Union (%) Westhse A H(2). Westinghse (4). Weston A (2 White Eagle (1) White Mot (2) White Sew Mach Willy s-Overiand Wilson & ¢ Wilson ¢ Wilson & ¢ Woolwor th (§ Welght Aerocl). Vellow Truck Yol Tr&Co prity Youngstn Shid) ourly Sales o tam. . 07600 1 L 2041,000 Dixkiend rats ag kiven 1 (he aty LT camh Dayrnei i Lase Veurly o ehecial praA [N any a8 Y WS v N8 [N w ¥ pw 21000,643 o vanie 140 Bty Ta [N Veidy W% " Posits) subject to reserv Tima deposits subject to re: to 30 days' or more not ngs deposits (including tim than f'vr mon Imrrm\--}) tparab after 30 dayu. or sul and postal savings): certificates of deposit other ..$3,072,08 nting money L .. .$9,574,135. rer of the above-named bank, do = true to the best of my kmowled HARRY J. DONOGHCUE, Treasure: Sth day of January, 1928. LL B. KING, Notary Public M'E LVILLE MacNICHOL. AUSTIN C. WALLER, ict of Columbia, ss.: 1, HARRY J. DONOGHUT, emnly swear that the above statement and belie?, bed and swory Correct—Attas Charter No REPORT NATIONAI_. BANK OF WASHINGTON At Washingtor w District of Columbia, ke close of business December 31, aLoans and discounts . U. 8. Government securities owned: .iDepofl(ed to secure circulation (U par %alue) . b All other United States Governm ties (including premiums, if any). Total. Jther bonds, s 3 Kannlrz house, “45 >\‘V" Leal estate owned other than b awful reserve with Federal F‘.cfler\ l\ems ith Federal Reserve Rank m vauit and amount & n other banks in bank (other than item Total of items . 10, . Redem ption fund with U. Treasure: Other asse! = Tréfiurer a ., if any ity Total Capital stock paid Surplus fund . a Undivided profits ... . b Reserved for dividend and co Circulating notes outstanding ... Amount due to Federal Reserve Ba Cashier's checks ou Total of items Demand deposits lmher th serve (deposits payable dividual deposits subjec ificates of deposit due for money borrowed) . demand deposits Total of demand deposit. dexvo-;‘u) subject to reserve, @ deposits subject to reserve (parable ibject to 30 days’ or more notice. . Savings deposits (including tin than for money borrowed) Postal savings deposits ... Total of time deposits subject ftems 3§ and 3s. Bills payable (including borrewed other than rediscounts) abilities other than those above stated.. ot Cotumbia, X \\ HlTl.. cashier of the a\‘\r ramed dtank, do solem the adove statement is true to the dest of my knowledge i J. FRANK WHITE. Cashier n to before ma this Tth day of January, 1328 SALVADOR J. COSIMANQ, Notary Pu X S F. NORMENT MAX FISCHER A'LOR\“" L. STARKEY JORN SCRIVENER, JAS. TRIMBLE MORRIS E. MARLOW. 1L C. BRANDENBURG CLARENCE F. NORMENT ) G W. FORSBERG. RICHARD E_PAIRO, GEOQ P. SACK: WRISLEY BROWNX, D. J. CALLANA MICHAEL A. KEANE ODELL 8 SMITH JORN G. MEINBERG, GEO. B. GOETZ YRANK R JELLEFF Directors. belief. Subscribed ;\ml WO ‘\. ENENE NG NG NG NG NG NG NG NG NE NG D RGNS A Insured Income Federal Security and Mortgage Company Guaranteed 6' ,° o Bonds The Bonds are unconditionally guaranteed as to priacipal and erest by the Federal Security & Mortgage Co and the Equitable Surety Co. of New York, under the supervision of the New York State lnsurance Department, with combined resources of over SILONLON O Todependeath trusteed by o tocal National Back. Sevured by trusts on conservatively ape praised owner owvupied homes in the Distrivt of Columbia. District of Columbia wntangidle tax refunded wp o § mills Yield 614% Por Ansum Maturities 2 to 10 Years C. E. Moran & Co. tuvestwont Bankers 1716 H St. NW. C. E. Moren & Co. "IN N Street NW. N e Nwestien e Neropare