Evening Star Newspaper, January 11, 1928, Page 13

FINANCIAL., __THE EVENING STAR, WASHINGTON, D. O, WEDNESDAY, JANUARY 11, 1928. FINANCIAL. gt Received by Private Wire Direct to The Star Office o L bauntardenindldementic S sorts figuring in transactions. Sales P S Quotations to 2:35 p.m.—Final Quotations In 5:30 Edition. |of spot Australian wool were sald to T Ie & Rutherford | be under replacement levels abroad. y r UNITED STATES. 3 ‘hh]ulql”fl‘/h ln:\.‘ Medium grade domestic fleeces wers | Loan Correspondent Mutoal Benefit (Sales_are in $1.000.) Vertlentes Sug 7s. . % in better inquiry. Fine territory was U Libass... ‘00116 10115 10170 | WaArner SugTade.. i1 ST% 814 e ok o rale BRSNS s b 3%3s, i e 5106 108% 1057 combing at 1.06a1.10, half blood nt 1520 K Street Main 475 Lib1st4%3 44 10312 10810 10310 | WarnerSug7sdl.. 8 106 1064 . S o . | > 5 ] ; est Eloc 5. 6104 103 1.0201.07, three-eighths blood at 95a9% Sharp Changes in Industrial| Liviasis. 81 10021 lon20 doosn | WestEleesa ... 104 1ot 108 || ocal Fifth District Has Gain, | },03"0.0%: threecichths blood at tiaté | ’ 7 'l:': :""‘:“: :Z izz;‘l‘ {gi‘g"l’ }22 :;'I’ Westinghous 11 105 104% 105 ing U. S. Total to :""N‘“Khwnra quoted at 48250 grease % et A|“|‘(“JRS i hink<iominion doonami E'q::::“ 1010 116 115 3 % 2‘] Wil ot 3 in: 10 l0i Swelling U. S. 8 oo -‘lllllfi:ll‘.',:)‘f’1.’\"(’!‘""|‘l|:nfl‘:‘lr" .,§,;;,*,‘".;, STEEL & WOOD S8 4%s5E 11529 115298 | winRepeat A 6 106 . 9250, 5 g 2 % le R(W Gofl‘ Steel Is Feature. FOREIGN. Yngstn S&T 58 w.d. 65 101'% 101 Record Size. I High Quality— Low Cost BY CHARLES F. SPEARE. Argentine 63 Ju 59, 48 100% 99% 99% | Archison men 4s. .. a8 0N o8 BY EDWARD (. STONE. i W YORK, J: v 11 (A.—Di- Special Dispateh to The Star. Arsentine 6 Octsg 12 008 oata 99% | Ailantie C el ¢ YT 9 The Iederal Reserve Board an-|rectors of the ¢ Rock Island NEW YORK, Ja 11.—The | Ar8ontine €s A, ... 0% 1001 100% | 301 Dan 18t 4 4 b 3% [ nounces that a new high vecord in Pacific transacted oniy routine busi- TORD. - Sanpary - ’¢ | Argentine 6s B 1008 100 1004 | 5 O Gold 4 9 % 9 the volume of retall trade in the | ness at their me oday. T SRR B % slight advance in money rates this Y g Property at John Marshall Ji {55 ahi e general discussion of e i ol BEOavais ... i3 1008 108 515‘J-" United States was hun up in Decen SN e o a possible change in Federal reserve | L Labiae BT L ret os. 41 helng larger by 1 per cent | | Place for Sale vediscounts has had the effect of |gusitie ... S 108 |BADE 000D, 24 105 1047 e same nonth in 1926 or any 605—13Tts STREET, N. W, FOURSTORY | BRICK slowing up demand for bonds with- | patK of Culle e e O DR other previous year. The o e "}“ hrad: i out appreciably changing the average [ peiijum 61 S an P g e District had a gain n re = WAL Stod) PER 3 of prices for high-grade issues. The | Boisium 7 ; L EE sl s T | which helpiea o smash the previous | nosp “‘“,F,‘,;,‘.“"‘*}‘HSQO h present range is still well above that | peikium 5 Sl 1051/ O mbeao e . records N A HERN RO DING ~ Qlof the end of 1927. Belgium 713s. a Uk 5 I opis axs B In several of the districts, re There were a number of sharp | Belgium 8s. ey I et g 9% 9N} Cope declines, but these were more changes today in the industrial list. | polivia Ss 3 S s g 3 g than made up for by the national 'he most conspicuous was in Do | Bordeaux 68 4 10074 | Can Nat 416530 1007 1007 % { average Increase. December retil minion Iron and Steel, an Inactive | Brazil 61as. .. ... 9 S can 5 100 1o trade volume for Chicago was cstimat: | c - . s Ji{bond that sold as low at 471 last | Brazil 75, 3 1 Can N 00% 100% 100% | ed 1o have been § per cent above the wrlght, Slade &co. | year and at 76 a week ago. Today it | Brazil 8 h Canad North 8%s 1211 121% 121% | previous year. while. that of 2 e INationa 1 (V) ew 101 {opened at 8¢ and ran up to 92 Buenos Aires 9 Cana llvl f‘r“dol;sls l!:(l“.» 1!'1 “ York was 3.8 per u,nv m\: }\.;n E alling off ssveral points. This is in | Buenos Alres " 96w 96 | Can Pac4ls 00% 100% City, Atlan . Louis, San_Fran- ; : e N:(ElSWBiRES o Connection with the better outlook for Kb 5 Car Clincha0 6852 10 1034 1084 cises, ‘Cloveland and Richmond were & including ew York Stock Exchange |f|the company. anaasalee. 8 08 licento seeo 11074 107 the ather districts reporting increases. : - . . ! £ ada 514 19 Centof Gas...... 6102 101i 102 o 2 t stores report- | J s nd Foreign Branches New York Cotton Exchange Liquid Carbonic Recovers. ::::}: i ;2:';‘ Central Pacificds.. 19 98% 96 96 | ing 1o c‘\‘r‘:a‘:‘:m‘; e ah e P riais Domestic ai oreign Bra i Boa i i of ok : 9 9'4 | Cent Pac 1st 58 90. 14 104': 1041 &'l tneni ec - sales 2 263 Chicage St AR eei‘t‘q:':-“\kczl:‘e‘;lmc)efi:'\e:::rfi ‘Sfimfi. P g 2 b 2 e 2 i ',!,’ cansel Bacember selen anaiiie ke Condensed Statement of Condition as of December 31, 1927 Stocks and Bonds Bought |fiThe refining ana producing sugar CM"";}B;"":!‘V;“‘S 3101 Ciies & Ocv 4358, 10 100% 10013 e e G Is ey fhoreAsaiat and Sold for Cash or {Donds. such’ as American SUSAT 6% Copennagen 5sct., 34 § i | \Ches O diga . 13 AUIRH 303 12.1 per cent over the previous yvear, | ASSETS S - {and \uln Cane Sugar were up 3 0 Chi B&Q 9 « 5.and-10 cent stores had an in Castied onMargin aonda Copper Ta were | Copeniagen sis. . 4 aEg Beni B : 02 per cont. CAPITAL, Cash in Vault and in Federal Reserve Bank . . $145,059,782.64 THE MAYFLOWER HOTEL Callfornia _ Petroleum, Pan | crecho 1 ; i [ e : y . $350,000 fo Surplus. SURPLUS Due from Banks, Bankers and U. S, Trearurer . 150,800, 34440 um.fi.:gg & X leum # ! cho At atlh = 4 4 , | s 1 060,100, Connecticut Ave. at DeSales St. || i« i ere in zood demand Sl R ; Sedllen : ‘ by President Robert and !L-,m?sd. gl‘::::?!;v.:’:n {«:;:xg:z;?& aoéfi;s:“m; Pt 060, Telephone Main 1581 | “The approval by the Interstate Com. | Tanien Music 854 0 Stanil oy f & ation nite, G n 05,504,500, i | > i he St. Paul Aanic . CM& SR A 4 > ors have voted | UNDIVIDED State and Municipal Bonds . . . . . . . 6,201,000.00 Resident Partner merce Commission of the St. Paul re- [ Danish Munic 8s B. N o ra ofs. K3 5 £ e 5 - 3,750,000.00 jorganization plan led to active ling 3 A Pl transfe from undivide Stock in Federal Reserve Bank . .. ,750,000. {organization plan led to active trading | Denmark 6s. . A iy v PROFITS eserve o jon the board in the old bonds in de- | Duteh East I 62 47, CM&SLP deb 48 0 ‘; 503 = Hoproti surplus, bring the sur- Other Bonds and Securities . + o o o 62,685,608.81 178.141,198.81 M to Loan l‘z.mh as well as in the new securitjes | Duteh East I 65 62 105 UM & StP gn 84 plus fund , This $146,176,246.85 Subsidiaries: RREY R0, lin the outside market. All of them | K Salvador 8s 48. 1075 CM&StPev s 3 sec pddition ot | i s International Banking Corporation 7 T | $6,000,000.00 O e o eaion e | have been discount this action for | Finland s f 6s 45. 3 96 5 96 | eaesPevd CS182 0 to surplus since the capital Bank of Haiti, Inc. et 2.000,000.00 8.000,000.00 J hl Well Wash. L & Trust | Some time. There quite a strong | Finland 7s........ 25 100% CM& St Pandlys 4 s chang 923 from $1,000,000 sl s * — i “fl’ ellergie. & following for the new 4 per cent mort- | Framerican714s 106% B | CM&SP rf 415 ”’( 102 179 0,000 through stock divider, Bank Buildings . o ok 23,462,393.60 gage bonds as well as for the adjust- | French is....... 1064 ot | o a p of 81,000,000 and the sale of 5,000 more Items in Transit with Branches . . 205943.81 ment 3 French 37 116% 116 614 | GNESLE ov b el 4 | shares. The first transfer of $250,000 Customers’ Liability Account of A:cepm:cu. 103,238,708.70 | In the foreign department Ttalian, { French 110% %l OM& St P 6 to surplus was made e 6| Other Assets . « o « . e 4,789,358.06 l oans |ll| Scandinavian, German anda _South rman Ei P 6% 5. 96t 96% | ot & NW n 3 . %5 |the next in January : the’ thirc ‘. ST —— Second Trust B B| American bonds were steady. French | Garman 7s. 2 1071 S 1B B eyl The par value of TOTAL . . % $1.682.802.851.00 issues were slightly lower under profit | Ger Am Bank 7s... 13 10012 99% 9% | (o 2037.. 3 Riges Bank stock is $100 and the last Second trust I 8 : taking. There has been an advance | Ger Gen Elec 7 3103 102 Chi& NW7s.... 6 sale on the local exchange was made trict of Columbia real es- [fl |0f over a point in the past two days A, 3 984 9 98% | i Ry TP S e at 497, LIABILITIES made on y reasonable llin Greek is in anticipation of a new | Haitl 65 . 6101 ’ ChiRT&Prr4s.. 39 96 Hardware Market Uneven. Capital 7 a2 il 5 TN sppi il e 3 B 98% 95% 95% | pt ok 4 Reports on current wholesale ma Head Office: Surplus . . plg L i e i overnment Bonds Irregular. i ’ kets vary. In some centers where in 55 Wall Street Undwided Profits” + PR 24685 $146,176,246.85 e | S. Government bonds were irrez- | Jananece ¢ A ] aslece R L ventories of hoth retailers and jobbers S Deposits . 3 1.275,041,964.34 luar. The Treasury 4is advanced | Jaen e . ) 5 3 i 2oy, | 1AV heen compieied s Sy setiee ] 8 New Yor| Lisoility as Acceptor, Endorser or Maker o Accep- W. H. WEST COMPANY Heithet Sxxinecllned. Marseille 65. o 2 [ splacement husinees 18 (unit: ta el 9N = tances and Foreign Bills . . . . . . 211,792,730.55 | The redemption of honds in advance | Mexico 48 04 asntd. g 237 | Col u 9% ¢ 1 "l_\-x .‘rk m\nl;‘r{.- n»lx].u‘x-r; .m“ stil Circulation . 98,965.00 916 15th St Main 9900 [l| |of their maturity this month is the | Mexico 4510 asntd. 12 27 Coba R ¥ o 981y @ ) Stocks BN SOF S Tesson &0 | g xy . o largest on record, Amounting to $279. | Mexico 5sasntd, ., 3 e baarorsake aia’ 47 ' | buying only for actual current require | Twenty-One Dueto FederalReserveBank . o o o « o 30,000,000.00 000,000, | Milan 6%s. . 5 P 9 Del & Hu 4 ments, Hardware Age says, in its Branches Reserves for: Among the day's new issues were | Netherlands 63 54. 13 Deleitia e | weekly market summary, Wood screws in New York ‘Accrued Interest, Discount and other c,,. . $7.500,00 Seaboard Air Line 3-year 5 T r 1000 el 4 wera advanced 40 per cent, effective il ocoaa First Mcrtgage Loans ;. cen: notes secured by the consali. | Norwas sise. . 1] ¢ 1004 | Den & Rio G en 4. v 4, When mew Hsts and dis.| | and Brooklyn T e dated 6s and the Seaboard All-Florida | Norw. ; 2% | D& Rio G Imp 58, - 0% 1004 100t | iy NaKer e nnguRted _ nmdenapuy-bla_lnuun 1028 Lowest Rates of Interest and Commistion | firey 6s. This company has seen fit to | Norway 65 1 3 imy lack on their terri lesmen \finance the short-ferm securities | Norway 6s 1 Chi U $eRio G Minsths. .82 tories and expect an active month' || Contingencies . . - 19,624.265.22 rather than sell more of its long-term | Orient Dev deb 65.. 18 974 96% 95% | 1o i man ta 0 10" 0. 90 90 | when stock-taking de re fi | EawySoes Other Liabilities « o o . . o __ 68.640.00 Gs at a considerable discount. An in- | pa . s Ml 19 pAnge. . coe e 22 ¥ ' R6l | jshed. Collections average fair. There Branches in $1.682 802.851.00 3 ; | teresting offering was that of the | par; s~ 5 " Lrdlny ¢ ? L9 |are a few price a ments being twenty-two Eooclori Gamble Co.. which s/ el | Raris-Orlzanats. . 2 rlecvt 58 67 wi... 90 99% ggy | made. Foreign Countries. Above includes The Natienal City Banklof New York (Francs) SIA- {ing 413 per cent debentures at DAT. | Peru 6s'67 w.i e Sarni g e | The interest on these bonds is being | Peru 7a ithern District Rail Earnings. | Figures of Foreign Brancheaare as of December 24, 1927. iearned over 30 time: Peru - NaEC 5 i 2 ss I railroads in the Southern Peru 7 Prissie @RUEER bR 0N t for the first cleven montk eru 7 i L 109t [in 1927 had a net railway operatin | Washington Stock Exchange| i gy : Grand Trunk 7s... 116'a 116%s | income of $127,805,448, which ]DX'H‘d s (rots ' = Nor 413876 D, 2 v 1004 | the ann te of return of 4 per 2038 North 4138w 13 100% 100% | cent on their property investment Prompt Attention Given All Capital Traction Co. 1097%. Prague 7% p 0 eat :‘v,m. 5 1 «' 3 13 me period in 1 Applications Pot. Elec. . pfd 108%, 10| Queensland 7s... 1154 ! r 8 . 115% 1 ating income amounts at 1083, 3 S el b : . 5 75 75 |to $150.442,299 which was at the an 7 E o = - . 3 l\lll&\l«n rr! 102 nual rate of return of 5.64 per 5]/290 Interest “!“,f!"‘-“"- & E. pfd.—10 at 101%, 10 at | gigq lan 831546, 3 105% 105% 105% | Hud & Man 1) 3s. . 988 | s Sherating avaiist Gtite U . ; | Rome 615, ¢ 92% 92 92| 1) congrerqs...., 3 . : Is in the Southern District Run for 5 years without After Call. :floxl:augo:flu):‘ 3% 113% 113% | 1)) cabe 45w 65 5 g r the first eleven months in 1 et Wash. R. & E. 45—$1,000 at 91%. __,:Z e vl 11 Cent : % ‘100% iox [amounted o 780,364 8¢, '8 decrd 2 g G “A"—$1,000 3 1 ¥ o { Int Rapid T »f 7 per cent under the vear befc w H S d c ‘“:f_?u:,(:l'x:;:__‘ Bliopeial cl00E {oaxon ”,‘: el tendl s ;::Lg'rlf,..m-.l 4 : B iia bara thilp extisusin: uts laai gae m.f daundersLo. nc. | Pot. Elec. 65 pfd.—10 at 111%. | Serba Crot 81 A8 | apid Tran 6s 762,978, a decrease of 4.5 per cent. Founded 1887 | Pot. Elec. 5138 pfd.—5 at 1051, | Soisoncs = The net railway operating income 2 1 | W Gas 6x"B'—8$200 at 1064 vaeaes Real N 0 208 | 62 the Class 1 ralitoads In' the Main 1016 143335 || Wash. Gas SatB'—$200 ai 108%. Sweden 68 IR 106 104 or 1st 65, 10 \ |61 the Cl . 1s i s 5 6 Thomas J. Fisher & Company, Inc. ey —C: o 5 5 i G Norad 65.. 10 97w |ern District in November amounted Mone ail Joans, 5 and 6 per cent. Swiss 5% 8 1946, .. :11\::: }4]\'::. | Int RysC A s lto 805 S8, while in the same month 2! % | Loaw Correspondent for the | Swiss Conted 88 i IntRy CA6lssret 20 93 931 | 6 it was §13,501,384. Provident Mutual Life Insurance || and Asked Prices. |70.0% on i Company of Philadelphia BONDS ; | Tokio 5% e 1 . 3 71 | Eanaia .. ¢ change Trading Light Today. i 4 Tokio 5181961, ... 48 R ansas y 8 58 ¢ Alaatead sually lgk the PUBLIC UTILITY &) pskeq. | Utd Kingm 5148 9. 2 17 { Kan City Term 4s. A | wash ‘::;‘x‘,n‘: "<J’»f’{'"ifl.‘h..,v‘,--‘ Tod A’i S{Utd Kingm 534837 4 106% | Lake Shore ¢s 31 Bt Diices weve frms Caotial Thd Am H 12| Utd SteamCopen 63 5 955 LebighVal con 4% Dy, | but pric B | SRS 8 Am. Tel & Tel ct). tr. Ba.l 1 o H 2000 1 1o% | ong Iarf s 4., g2e ‘gt 9o | tion came out at 1037, Potomac Elec: | 2 B e | Yokohama és wi.. 33 94 Louis & Nash 5 91y 10975 tric Power &1 per cent preferred Fll'Bt ortgage f|¢ o : ‘ Louis & Nash 7s... 2 104 Elagaln o) oc 100K 8ol Lher i 4 o ixsues ut v. Washington | Camital Traction "5 : !‘"CELL‘N‘OU'v Ry 1st90..... 2 69 69t | Ratly 8 Electric preferred oume ity & Suburban 5 Am AgriChem 7348 7 105% 1054 het 8t 7g 40 0! i byl S . 8y and | Georgetown Gas 5 i Am Repubdeb 6s.. 30 102% 102 10; o as g % and advanced to 1013, | Potomac 1 Am Smit & R 1st 58 12 1024 102 i NUP & § he bond trading was led by.t Polomas e Bo*a08s. S | AmSmit& Res... 3 108% 108% SSM o 1l g transacti in Washingtor Wash Atex & Mt Ver el 4 . Am Sugar Ref 6x.. 12 104%s 104 | enaange. A » 8 Gas 65, Sevies A, ut 1065, Two baly ConstructxonLoan e dex g gt Yor e m Angar Resipe 1043 104% 106% | a1 ; 100ty 10012 1004 | g')on gy wold ot 106%. The only of | Wash & Auoap. 5 AmT&T ol tr ds. . 9% 99 3 E 2 102% 102 i : ; AmT&Tcltris.. B 105% 105 HELT iot . wond triding was o sale of one Wask - £ || wash Gan sa weries A 3 AmT&Twtbs.... 11 106 MK & Tad 5 A 3 gton Raflway & Electric percentuge Applications Invited at [Wamh. a6 serice B0 dis | Am Tel & Tel 535 109% < & T ad) 3 e band at 1% Waih: Ry, & Eiec ven. 65, . 103 7 | Am Water Wk 101 MK&T 4,,< i 2 Ji ony four es are now bein | Am Writ Paper®s. 2 92 92 g oo a0 quoted ex-dividend on the Excha 5‘1 | Anaconda 1t 6s... 16 1054 ) p *| Unon T American one ? | Anaconda cv db 7s. 46 B . " Telegrapi ral Storage preforred :H"M":ng*’:] 2 22 age And Washington Mechanics Mortgage i rmourkCo 5 , F g TR ¥ | e Co. common oA AL Armour Del 51,5.. 40 h el ; 0% | "0 oy B i A 4 | Auantic Refin bs.. 2 38 | 2 1004, 1| Seaboard Allowed to Buy Road. | Barnsaall 65 1940. . 75 Mates.... 11054 fhe Interstate Commerce Commls Glover & Flather bl {BeilTelpaiec. i SRR e suitieciaad s Seboiptial eir R Pt i e . 98T ¢ uxy, | Naples wboard & Guit Railway by 1508 H St. N.W. iataion ! L ST ot oot i . 1 .10 108 | purchake of its capital st GUARANTEED SAFETY and 0% for Your January Funds & Telga. 413 ZRY investor knows that for many menths bond vields have been steadily declining. On the basis of 60 representative honds, Standard Statistics computes that bond yields are now at the lowest ebb since 1912, In the year just ended millions of dollars” worth of bonds have been called Beth Steel 88 . . P . 110 110% hoard was also given permis Bklyn Edison 5u. .. 3 8 | Nyc ke l;»:': »issue $1,184,000 first and conse iec, ¢ | Chile Copper Gn. ... 43 9 a6 ¢ ! 107 & Yie vid " | Lo . | Con Coal Md 18t s C&StL6sA. 32 1o 103 103 NATIONAL BANKS Con Gas N Y 5% ? 6y, | New Haven 11, % b g %0 Consumers Pow 2 A NY NH&H db iy p a1t Cuba Cane cv 7 2 NY NH&H cv db 6y 41 17 Cuba Cane §s i 9 NY VA CIt 6 ) 106 ; d vear 6 ¥ t gold bonds "k Meinin | b Am Sty 8 e YOG W lat i 4 Yoty | Which are to be Seaboard at 3 WV e 5 | DetroitEidinon sa 40 2 5 NY O& W gen 45 05 30 | pet Metropolitan... .00 . lmugeq- 9 Y Btate Ry 4438 o bB% W. I. DuBois of the Joseph Phil. P . . Eant Cuba Sug 7% NYS y 6 2 3 e e ) . mone €Arn || V0 pior wa ’ odrich 6%, .. .. 7 ; AL b Siay h libe . Washingion, s een o TRUST "‘MI‘A‘”* | Goodyear hsrets. . 5 :vr 1'“:‘1(,-“ ends. ] [ 985 | nittee on distribution problems of the | Hoe & Co 81is. . NorthiRPic ¢ 1% | Institute of Ameriean Meat Packers, | Humble O1) on. 100% Northain Pas ’;fi 97' | wding to a list of committees of [HumbleO AR o 5 102% | Ore Short 1. rfa 48, ganization which has been | TNOIE BRIl AL 3 - 8% 1084 Ore Wash 1nt dn. public by Oscar G. Mayer of| Lilinalg ol 4%, 101 . | Chicago, prosident of the © l . | Indi Kteel in k. L 105% 5t | I'ennsyl gon 415n sl he institute. which is the trade, Inc Mev Marine 1054, 5% | Penneyl 4 L I 1084 | rescarch and educational association SaCERbmRNAT. -« 10104 Panneylinies. ..., ) 113% | of the packing Industry, at Chicago | [ Inter Bapsrtd de.. .4 1044 Pennayl gold 7s. ,, 105% | has n memberahip of more than 240 | Int Tel&Teleg 4 1n 96l 961 | PCCERL Gx B 75, E 1145 | meat packing companies in the United lh’uuvh"r;b'/;- 3 107 :w.n :('l.l'\m A% 10:% | States and abroad | Kan City P & Ble 106% 105% | Port RL&ER T1,x 46 12 il | |Kun G & Kignsz. . 2 106% 105% | Reading gen 41yn. , Other Financlal Notes. | Reading J ¢ 4n b The United Drug Co. has declared | 0G W Int 4 1 : regular quarterly dividend of §2.25 | . evies 2 o R0 G Westel s, ommon und A7y ¢ s pe share | y Drconie ger ¢ NSURANCE ia t A%, 3 9 * on the fiest preferred stock /(b S AN " 7 ! ‘A’M\.‘ s i j ‘1 The cur Iu tssue of the Security k oty e e " i 2 | puRC g et iy i ELAIMAR 450 4 A News containg an annual message to | tof Ttk 1 "M oo 44 MidvaisBiee! 0s. .. 11 M4 102 | the Amerfean Security & Trust Coos | them as collateral security for term notes iples line was given p mission to issue $1.179.060 first morts and reissued at much lower rates of interest. Thus conironted with the prospect of diminished carnings, what will the bond investor do? chal Committee. WAL D UL DB DI "D WL UL DI DU DU DU P WA I 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 442% from other classes of high-grade honds. Guaranty Bonds are strongly secured by first mortgages on completed, income-producing prop- erties in and near Washington. Every dollar of principal and interest is guaranteed by the Real Estate Mortgage and Guaranty Corporation. This corporation has capital, surplus and ‘&0 Jut 4. A ' W64 | ntaft from the proside Charles J. | mon svocks of 98 lead. MISCELLANEOUS ) + b 1at b ChN K As A 3 Hi L { s & Womr Jue E whinuland Tel bu 7 RUL &R prin 2 108 10 et o poration . Jisy o Wl investors ave considerably in AIETICAN COTPIAELOnS, ity ootk S { A e 1 inv ) 1025 | feppmted In the announcement that the i L il AR y et . 1004 | Nattomal City Hank and the Chiso | snthese secur- i " ‘ol W% el 4y 3 2 gl | G 100k Dihe New York Stock Bxchange, The | 1 these secur Asn % NY Tel 41gm ; 5 HUL K W con an 32, Yo ol U matter has heen pending for some | NY Tel 6441, .. Nun A& Arniod b ¥ Tel bw 4Y Homboiid AL 4n wt wit | o ~ | . ‘ S0 emploves of the Marrin R R 10E I RanE 4 Lrer 4 o Plan Co, who have been with the o ? Ao adi ke A " concern 10 yenrs, were presented pab A Loconn L TH oil 6 060G I New York vesterday i con Fhe gl R 9i% ctinn Wi the company's profit s ooy [ shiring plan } Hou Lacitio ot 4 A total of 48 hond bsues, amomting | Hou acitic ref 4n Slra a0 0000, underwritten by 8 0W “hil | Hiraus & Co, were called during the Ptk tteed (] 1927, thit house anubunced yes For Jie Am Toh b8 10 YZDEBAL LAID BANK BONDS. | joiyiic sinrvice f5s 4 p Fal fe it PO § ol the vear wan that of the outsta y PAN (Guite by " P et $10,009,000 General Motors bu & COMPANY Qg Alex Brwn § vom Chning ) :‘;‘h."“:"“""::":::' ! g 7 Aswo B 1 4s 01 94 | Corporation fient e, called at 107 T elephone Main 2000 1941 . Y P 3 y 047 | Texan & Bacing 1at 1y Aggresate resoyrcem of $1.65230% < lv “,,. +d Building : 14 e ";‘,::,,”1:“ dodoe | Tex & 1anin 17 rim 15 1020 103 a5h. 4 fleure never nreviously ap. | e | RemingtonAr 6a 32 yn | Third Ave ret dn 60 LI proachied in the annals of American | ashingron, D C. o d Y , s | ThiidAvenue 1o 101 Danking, were reported yeatonday by | P SS—— q 4 1 Winciatr OV 848, ., gnee | 1114 AV P the National City Hank as of Decem- PREESPRS i i, 1 F30 1 Binalair Oll Slie. i | 1017 Ll 80 A 100% 1001 ver 81, 1920 Thin represented an in- A S Goroes & Coupany i} 4 i | Min Crude O bu 100 nlan e ul b Ry wm.’m.«..n of § 40 in” the 13 wmonths. | / s ’ B0 grut r 1 i Unton d o 1Rt s UTh o 07% 0T ihe largest dncveasa 1o the 11d.year | Wordward Building Ju 4 ) | 3 Bletly I8 e g 4 gh | U0 P04l 67 S 000h 100 o0 | histary - of the bank Chavies 1% ! Vsl w057 A% | Mo Ball el ue % Yigra | V000 Bae ey e A 1005 1003, 100% | Afitchell, president of the bank, an Piees werd ane, without obligatie ' t Heli i bty o6t | Vieginga ly 1atbe 2 10wk 1ows, Jgisy | H0Reed o L Ve Your Money Far 2 5 1 "-r-"'m NoJ i Ah T i 104 ; Waliauh 6n 76 # T4 1A e . . ennklecw e 47 0y 107% | Waha [ 106 106 10a% 3 'K | Toledo Kan 1wt Tu 8 10Ky 1080 | West 3 s 21 R wo | RUBBER STEADY. 1ed Dirug e PRTIY SR Y Vw i 102 x| NEW YORK, January 11 .\ Hub et wh 4 Wit Waenmtern Pacife bs, ot ety | Crude rabl wmohed Fihbe 4] . 106% 10hty | Went Hhore 4s 2561 & Bty Bty | was unchanged ot today s /. ah 100y 108% | Whee! & 1 16 on 4n, (7] #h Lincdon of 40ky, This compares with 41 ah Fow & Lt ba. 101% 101% 1014 Wis Cen gn 48 "‘P [ B0 a month ago and 41% & year ago, serves of 8341301378 and total resources of $4054.210.72 Refore REAL ESTATE MORTGAGE & GUARANTY CORPORATION 20 JACKSON PLACE LR O Capital & Surplus $3413013.08 I PO PO "IN " WAL " AL N D B DU W " B SOV IV T LWL S