Evening Star Newspaper, January 14, 1928, Page 22

.. FINANCIARS ’F rst Mertgage Loans ' Lowest Rates of Interest and Commission :'l‘lo-u J. Fisher & Company, Inc. CHURCH LOANS We in a position to h atruction loans for Charches a tions.—Phone Main 5614, In Nearby Virginia l Prudential ! 5 /2 % lmnnnce Co. oans | Commonwealth lnve:hnent Co. lh StNW. rnn! lll 262 WE FINANCE =8l classes of incomeproductng Large Louu a Specialty Current interest rate and con 0 Higbie & Richardson, Inc. 816 15th St. N.W. Money to Loan Becured by first hvrm\n mm—m and_commias Joseph 1. Wellerii "4ih & | Money to Loan s regarding your Second Trust Loan require- ment: We can make such loans at low rates and attractive Special attention given Ww. H WEST COMPANY 916 15th St. 7 In Any TONEY &A% —forrefinancing Mortgages on Real Estate in District of Columbia and vicinty. Lowest | Rates. Applications invited. THE COMMERCIAL NATIONAL COMPANY (Inc. ) Cash Capital. £:00.000 Commcial Natiomal Bank Bldg. R Consult Mortgage Money Loaned at Low Interest Rates Economie Conditions Tyler & Rutherford Loan Correspondent Mutual Benefit Life Ins. Co. 1520 K Street Main 475 Wright, Slade & Co. MEMBERS New York Stock Exchange New York Cotton Exchange 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 4 deed Of truet on real estate. BANK GLEARINGS UP DURING PAST WEEK Federal-American Co. Shows Good Profit—Other Financial Notes. - BY EDWARD C. STONE. While many cities in the United, States reported a loss in bank clear- ings for the week ending January 12, Washington made a gain. The local clearing house canceled checks to the amount of $28,860,000, as com- pared with $27.048,000 for the week of Janus though the ciearings were 1 ent below the correspond- ing week year. E réversed the situation. weel's clearings were ead of the same week a wefe under the pre- P the week of Janu- 14,878,000, and for year ago, vious week. ary 12 they were the week of Jafwdry 5, $120,842,000. Clearings #t Ri nd totaled 3,777.000, belog about $1,200,000 under the mv\fln‘&e’k and also 16 | per cent bel corresponding week in 1927, "Sniie majority of other cities in the collfitry were a ttle under the prewvi week, yet they were 29.6 per eont ahead of the same period last year, according to Bradstreet. This indicates that busi ness is more than holding its own. Finance Company Nets $149,331.31. Total net operating profits of the Federal American Co. for the vear 1927 amounted to $149,731.31, accord ing to the report submitted to the stockholders at yesterday's anmual meeting. Out of this sum the com- pany paid $28463.63 in dividends on the preferred stock and $22.800 on the | common, leaving an undistributed sur- plus for 1927 of $51,263.63. On December 31, 1927, the company had total resources of $1,714.348.34, including $89,732 in cash in banks, $1,608,215 in mortgage loans and in- vestments, $15,954, and item of $15.954 in accrued interest receivable. The company’s liabilities include $219.575 in deposits awaiting investment, $18, 900 in dividends payable, and $19,460 | in accrued interest and taxes. The condensed balance sheet under | the heading of “net worth and re-| serves” reports $500,000in outstanding preferred stock, $760,000 in outstand ing common stock, earned sury $136.831, unearned discount, $52,059, and reserve for future income taxes of $7,516, which bring the total liabilities up to $1,714.348.34. The present offigers of the company are John Poole, president; William J V. ller, vice pres dents; Charles B. Lyddane, secretar treasurer, and Charles D. Boyer, sistant secretary and treasurer. The directors of the Distric tional Bank have elected these cers for the coming year: Robert ) Harper, president; Joshua Evans, jr executive vice president; W. P. Lip- scomb, vice president; C. J. Guckeler, vice president; N. L. Sansbury, vice president Hilleary L. Offutt, jr., vice | president _and cashier; William C. |8 Looker, assistant cashier; Theod: S. Mason, assistant cashier; Barnard & Johnson, attorneys, B. L. Colton, assistant trust officer. McLachlen Officers for 1928. The McLachlen Banking Corpora- tion’s officers for the coming year have been elected as follow Lanier | BK Cor rerce 118 THE EVENING STAR, WASHINGTON, D. €, BATURDAY, ' NEW YORK STOCK EXCHANGE eceived by Private Wire Direct to The Star Office. Oven. High. ABitbi Pow (6). 1444 144% Abrahm&sStras. . 105% 106% Adams Ex pf(5) 95% 95% Adv Rumley.... 11% 114 Ahumada Lead.. 8% 3% Air Reduetn(17) 1824 182 Ajax Rubber. Alaska Junea Albany Papr(2). Albny Pap pf(7) Allted Chem (6). Allis Chalm (6). 118t 118% Amal Leather. . 2 Amerada (2)... 324 Am Agricul Chm 19% Am Beet Sug. 161y Am Bosch. 21% Am Br Sh(11.60) 444 Am Brown Bov. 15" Am Can (2).... 744 AmCar&Fdy(6). 107% 107% Am Chicle (3).. 70 70% AmChic pr pf(7) 108 108 Am Drug (80¢).. 18% 184 Am Express (6). 174% 174% Am & For Pow.. 234 234 Am For Pwrrts. 4% Am Hide& Lea. 13% Am Hide & L pf, Am Ho P (240).. AmlIce (1214) Am Tce pf (6)... Am Internati(2) Am LaFr&Foam Am Linseed. ... Am Linseed pf.. Am Locomot(8) . Am Loco pf(7).. Am Metals (3).. Am Piano. . Am Piano pf( 87 AmP & Lt(f1). 634 Am Radiator (5) 134 Am Republic. 69t Am Saf Raz t4%. 574 Am Seating (3). 40 40 Am Ship & Com. 4 4% AmSmeningu) 176% 176% R 8 1% 111% 127% 128 4419 adl 21 6919 581y Am Sugzar (5) Am Sumatra. Am Tel & Tel(9) 1 Am TobaccoB(8) 1 Am Type Fot§). 1 AmWaWks(m1) Am Woolen. . Am Wooien pf Am Writ Pa ctfs AmWrPa pf cfs. Anaconda (3)... Archer-Dan (3). ArmourDel pf(7 Armourof I1i(A) S8 1% 681y Arnold Con & Co 4T Atchison (t10).. 193 1 AtiCoast L(t10) 185% 1851 AtIGulf & WI.. 42 42 5 (4). 108 108 12}y 13 5l 5% 43 43 252 252 64 1164 82 82 B0 S04 565 565 ) 264 26'% . 105 105% 15% 15% 21 5% AmounpA ). Baldwin L (7) Balto & O (6)... Balto & O pf (4) Bang & Ar (3%3) Bayuk umrs Beacon Oil. Belding Bros (2) Best & Co (3). Bethlehem Steel 57% Bloomingdale... 42 Blumenthal pf.. 9 Bon AmiCl A(4) 667 54% 57 96 67% 174 22% 24 D -Edison (8 216 216 Man (4).. 554 55 Bklyn Un Gas(5) 158% 153% oe(213) 487 k B(3) Brunsw ck Ter. . Low. Close 144% 144% 106 105 95% 9514 Eureka V (t%).. Falrbanks (3). Fed Ligt(h1.40). Fed L&T pf (8). Fed Min pf (7). 17ed Mot T (f80¢). Fid Phoe Ina(b). First NatS(1%). Fisk Rubber. ... Fleischmn (31%) 3341 | Foundation Co... Fox Film A (4). Freeport (1%).. Gabriel Sn (3%) Gardner Motor. . Gen Am Tnk(4). Gen Asphalt. ... Gen Bakx pf (8). Gen Cigars (4).. Gen Elee (15)... GenElec sp(80c) Gen GasA(o1%) Gen Gas B(el%) Gen Motors Gen Outdr Ad(2) Gen Ry Sig (5).. Gen Refrac (3). Gillette Raz (5). Gimbel Bros. .. Gimbl Br pt(7).. Glidden Co...... Glidden pr pt(T) Gold Dust (3)... Goodrich Ru (4) GoodrichRub rts Goodrich pt (7 Goodyear Tir Goodyr 1st pf( Gothm Hos 2% Granby Con Min Grt North pt (5) Grt Nor O (1%). Grt Wes S(2.80) Green Canan. ... Gult States Steel Hacknsk W(1%) Hack W pf(1%). Hanna 1st pf. . Hrtn B b10 % stk Hershey Corp. .. Hershy pr pf(6) Household (14). Houston Oil.... Howe Sound (4) Hud Man (24). Hudson Mot (5). Hupp Mot(1.40). 1llinois Cen (7). Indep Oil (1)... Indian Refining. Indian Refg ctfs Ingersoll RA(15) Iniand St (2%). Inspiration Copr InterboroRapTr. Intcoutl Rub(1). Internat Agri... Int Bus Ma (5) Int Cement (4) Int Cement pfi7) Int Com Eng (2) Int Harv (36)... inter Har pt (7). IntMich pf(3.20) Int Mer Mar pf. Int Nickel (2)... Intl Paper(2.40) Int Paper pf (6). int Paper pf (7). Int Tel & Tel (6) Intertype(tli) Island Creek (4) Jones Bros Tea. Jordan Motor. .. Kan City South. Kels Wh pt (7).. Kennecott C(5). Kinney (G R). Kinney pf (8)... Kraft Ch (11%) Kresge (1.20)... Lago Oil (75¢).. Lambert Co (16) Lee Tire & Rub. Lein & Fink(3). LehighVal(3ig) Oven. Nigh 76 76 105% 264 Low, Closs . 6% LAY | So Rwy M&O(4) Oven. High o 99 Tow Pt (3), 434 43Y% -Arrow... 13 Arrow pf. ne Patrolm. . Plisbury (1.60). PHECEOW pfi7)., PIIS&W Va(h), Porto Rico To 1. Postum () Pres 8t Car (n). Pr 8t Car pf (7) ra& R pt vNJ(2), Pub Serv pf(6). Pullmn Corp(4). Punta Aleg Sug. Pure Oil (113). . Purity BakA (3). Purity Bak B (2) 122 PurltyBak pf(7) 109% Radlo Corpot A. 10415 Rand M (a2.04). Reading Ry (4). Remingtn-Rand. Reo Motor (11).. Rep Ir & Stl (4). 59% Rep 1 &S8pf (7). 106 Reynolds Spngs. 9 9y Rey Tob B(163) 159% Richfleld Ofl (1). Rossia Ins (6).. Royal Da3.13%. Stl.&San F (18). St L&SanF pf(6) Savage Arms. .. Schulte (3%). .. Seab Air L pf... Sears-R (n2%).. Seneca Copper. . hattuck F G (2) Shell Un (1.40) Simmons (2). Simma Pete. ... Sinclair Oil..... Sinclafr pt (8).. Skelly Ofl (2). .. Snider Packg Co Snider Pkg pf... So Por Ric S(£2) South Calif Ed.. South Dairfes A. South Dalries B. South Pac (6)... 1 Southern Ry (8) South Ry pf (5). 1624 140 L 42 26% 63% 121'% 109% 100% 109% 104 43" 103 24 27 109% 99% 431 10213 Spaulding pf (7) Spear & Co. SWG&E (3%). Std Mill (5)..... 1 Std Millg pf (). Cal(t2%). J(11%) Std OlINY(1.60). Sterlg Prod(17). Stewart-War () Studebaker (5). Studebak pf (7). Submarine Boat. Sun 01l (11) Superior 0il Sweets of Amer. Symington Cl A. Tenn Copper (1) Texas Corpn (3) Tex Gulf Sul (4) Tex & Pacific. .. Tex PC&O(60c). Tex Land Trstn Thatcher Mfg. . Thatchr pt(3.60) The Fair (2.40). Third Avenue. .. TidewaterAsOil. Timken (15).... Tobac Prod (m). 1 Tobac Prod A (7 Transcont Oil, .. Transue & W(1) Undrwd-Ell-Fshr Un Bag&Papes Union Carb (6 Cn Ot of Cal( Union Pac (10). Utd Biscuit. ... UtdCgrst(Csic) Jtd Cgr St pf(6) United Drug (9) Utd Drg 15t (3% 10% 6% 109% 167 JANUARY 14, 1098, STOCKS SELL OFF IN LATE DEALINGS Irregular Downward Trend Predominates in Short Session. BY GEORGE T. HUGHES. al Dispatch to The Star. NEW YORK, January 14.—An irreg- ular downward trend predominated in today's stock market. There was no weakness, and individual issues here and there were able to make progress upward, but they were exceptions. Iividently stock bought on the break earlier In the week was coming hack | on the market, and there was not <uffi- clent short covering to offset the sell- ing. Tke volume of trading was | larger than yesterday. As far as the news was any influ- ence, the subject of brokers’ loans | was still uppermost. | Congressional Investigation, The Street was iInterested in Wash- | ington reports about a congressional investigation covering the amount of | money used in speculation and the | suggestion that the Federal Reserve | authorities would forestall political ac- | tion by raising the rediscount rate. | On the other side it was urged that the real measure of the money situa- | tion was not the total of brokers' loans, but the rate of call funds. Another uncertainty was the motor | car outlook. Admitting satisfactory sales of new cars, there was stil doubt as to profits. Motor 8tocks | were uniformly heavy today. Nor| was there any enthusiasm over the | improvement in the steel trade. The | shares of U. S. Steel and the inde-| pendents sagged. Elsewhere in the | list a few of the railroads worked | higher and some of the utilities were well supported. Lehigh Valley in Demand. Lehigh Valley was noticeably in demand, presumably in connection with merger possibilities, certainly not on earnings. Bangor & Aroo- stook was firm and so w: t. Louis- San Francisco. Of the ut s North American seemed to be well bought. ‘The local electric light and power and gas stocks were resting after their recent rise. In the specialty group Radio had an opening jump, apparently the re. sult of hasty short covering, for the stock came down once the initial de- mand had been satisfied. Interna- | tlonal Mercantile Marine preferred sold around its recent high, respond- ing to analysis of its asset value. Greene Cananea fluctuated through its usual wide range, but with the net result a loss. High-priced stocks | such as United States Cast Iron Pipe | and Case Threshing Machine sold off | 3 and 4 points easily. | The low prices were made in (he‘i last half hour. when the selling was the heaviest and the most effective. Both General Motors and United States Steel yielded to the pressure, | showing los: of 2 points or more. The close was unsettied. POTATO MART WEAKER. CHICAGO. January 14 (United | States Department of Agriculture).— | Potatoas—Receipts, 111 cars; on track, | . toral United States ship.| s, 762 cars; supplies moderate on russets, market about st slightly weaker undertone; other stock demand slow. market dul! and weak S llllllflfllllll[llllllfl]fllllllflfl[flflliillllflflfllhlfllllfllifllllflifllfllfl with | = FINA NCIAY' BUSINESS SHOWS GAINS Confidence in Outlook Not Lessened by Week's Events. NEW YORK, January 13 (@).— Dun's today says: No rapld or gen- ral acceleration of business in the first half of January having been ex- pected, the gradual and uneven gains that have occurred have not proved| disappointing. Experlenco has demonstrated th a revival from the normal year e contraction of activity seldom come: suddenly and almost never in all qu ters simultaneously, and in the pr ent instance no departure from the usual trend was to be anticipated The constructive forces upon W confidence in the outlook is based not been lessened, however, and re- cent periods of weakness in the stock | market have not resulted from an tal change in commercial On the contrary ¢ertain d Mortgage Money in Any Amount Lwern steady | was nal yrrinear And 1ha ising e priere hnrs fetlenes groepana we x increnna of 815 o cent over iant year PRICES ON PARI3 BOURSE PARIS, Jan s m on Perirns Three per cent rentes, 64 f centimes; exchange on Londo francs 215 centimes; 5 per cent the = ranc quoted at times. tranes 41 Have You Been Stung Ye stung good All applications are given q unreasonable requireme: ts are e the mortgage money—no matter amount—is ample {unds here in hand. Low Interest Rates and Commission at once made available out of Immediate Answers on Applications B. F. SAUL CO. Main 2100 925 15th St. N.W. OFFICERS =| R. GOLDEN DONALDSON. President = JaMEs EYNOLDS. Vice President JAMES H. BADEN, Vice President LAUKI I The Bank O{ personal Service You'll Know Why Our Savings Dept. A. SLAUGHTER. Viee Pres | WALTER J HARRISON. Vice Presidert T Is So Popular —once you come in and find out just how we figure interest on such accounts. The Commercial Na- tional PAYS MORE IN- TEREST on Savings Accounts than any Other National Bank in Wash- ington. 7 Let us tell you why The Commercial should carry your PAYDAY Account. (T d PraT gt i LifeSav (1.60). Liz&MyrsB(£4) Lig & M pt (T) Lima Loco (4).. S Liq Carb (3.60). 75 | US Distribu Locw's Inc (13). U S Distri p£(7). Lott. s U'S Hoffman (4) Looxe-Wil(1.60) U S Alconol (5). Loriliard Co.... US Leather wi. Louisiana Uil. US Leather A.. LouisGasA (1.75) U'S Realty (4).. Louts & Nash(7) Ludium Steel(2) McCrory B (1.60) Mclntyre P (1). Mack Truck (6). Mackay pf (4).. Mad SqGr (1%) Magma Cop (3). Manati Sugar pf. Mandel (2%)... Man Ei Sup (5). Man Elev gtd(7) Man Shirt (2)... Maracaibo Oil. .. Market Street. .. Market St prior P. McLachlen, president; Firman R. Horner, vice president; John Massie, vice president and treasul Archibald McLachlen, secretary asistant treasurer; Guy D. Cowl. sistant treasurer, and E. L. Gold auditor. Federal-American’s Officer: The directors of the Federa ican National Bank have r the following officers: W, chairman of the board: president: William J mer J. Waller and ( Lyd- | Galie Pets (1) dane, vice presidents; Charles D.| Cajumet& Ar(6: 1074 1 Boyer, cashier; Joseph D. Yerkes, H.| Calu & Hecla (2) 21 H. Shackelford, assistant cashiers:| Can Dry (13%). 57 57 liam C. Johnson, assistant 10 presi- | Canada Sou (3). 63 63 dent; Erskine Gordon, trust officer;| Can Pacific (10). 211% 211% Leon Tobriner, general counsel, and | Car Cl&Ohio (3). 96 96 Arthur J. Linn, cortroller. Car CI&O sta(5) 103% 103% CaseThreshg(8) 262\ 262% Chain Stores Make Houge Galms. |, 'ryrpe(r). 1264 126% Sales of 14 leading chain store Cent Alloy (2) 30% 304 tems for 1927 aggregated $776.681,787. | Cero e Pasco(d) 67 67% New high record, and an inc 91.477 over 1426 a compila George H. Burr & Co. shows incres 5 December, 1926, g [ . y Co. 1ed all other ch b the year in point of dollar & C&ucorpn 2). =0 an increase of $26,271,597. 124 12y Woolworth & Co. was next with a 1on 1o galin of $19,105,11. 35% 6% Credit Demands Again Decline. a1 C M&SLP pfcfs. 306% 35% The weekly Reserve Bank statement | Chi & Nwn (4).. 564k K6k showed a further decline in use of | Chi Pne Tool (6) 134% 1844 credit in the local fifth district, Re-| Cul Rock Is (5). 110% 1104 discounts dropped to $22,561,000 from | Chi YellowC(4). 43 $25,317,000- two weeks ago. Accept-| Chiids (32.40)... 52 52 ances bought in the open market [ChileCo(2%).. 41% 4l% were down about $1,000,000 to $44,- risth B (1.20). 115% 116% 148 000, 58 58 The Richmond bank’'s reserve ratio | Ci 146 rose to 4839 per cent from 47 62% 624 | cent the week before. This com | L pee5). 109% 110 | with & ratio of 70.7 per cent for Peab 15). KOY KIW | entire system ca-Cols (5)... 186 136 - Colis Alkd H9, 09 Other Financial Notes, P arsan " he ¢ Utd Fruit(t5%) USCIP&ERV) USCIPpf (7). ‘Wisconsin sacked round whites, 1.45a/ - 1.55; fancy, shade higher: Minnesota ! = sacked round whites, Red River Ohios, | : uuusw Id’nho sacked russet lur v, shade hig! commercial pack. 1.5031.60 toes, Florida bushel crates, ‘riumphs, 2.00a2.25. e BUTTER IS LOWER. CHICAGO. January 14 (# ; receip's, 11.794 tubs. standards 29 9634 1st Trust Loans Any Amount D. C. and Montgomery County Large Construction Projects FRED T. NESBIT 1010 Vermont Ave. . 9392 Burroughs Ad t4 140 140 Bush Term (g2). 60 60 Bush Ter de (7). 1085 1081 e new po B! Geaeral Counsel and Trust Officer AUBREY 0. DOOLEY. Asst. Trust Officer Safe Deposit Boxes of Gemerous Size as Lox as $350 Year THe CommerciAL NATIONAL BaNk Capital & Surplus, §1,400,000.00——Resources, Over §18,000,000.00 Corner Fourteenth and G Sts. Wil-§ canif packg (4). i S Steel pf (7). U S Tobacco(3). U S Tob pf (7). Unt Leaf Tob(3) Unt Pic 1t pf(8) Cniv Pipe(1234) Uni Pipe pt (7). Utah Coper (6). Ut P&Lt A(e2). Vanadium (14). Vick Chem (4).. Victor Tlk Mch. 3711 Victor ¢ pf (6).. om | Victor pr pf (7) | Va-Caro Chem. | Va-Car Ch 6% pt Va-C Property at John Marshall Place for Sale IU!.! ‘Tfil' BRICE BLLLD- Ul’ YOKTY r’ CREL 3U5E B Y\'_: e sot‘mzn\"sgfi.m £ 96 1271, | 352401y a0 | caes; Eggs higker: receipt y 21 i firsts, 43%3; ordinary SILVER QUOTATIONS. NEW "ORR Jaruary 4 (P —Bar . S Mexican dollars. 44 A " First Deed of Trust i 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 Resources Over $4,000,000 L. E. Breusinger, President mi Cop (1) Mia-Continent M:ddie States. .. MidStates Oll ot Midiand pt(112). Miller Rubber. .. Minn & 8t Louts MSLP&SSM 11(4) Mo Kan & T MoK & T pfi Missouri Pacific Missour! Pac pf. Montana Pow (5 Montgmry W (4). Moon Motor. ... Mother L (50¢). Motor Met (3.60) Motor Whi (3) Mullins M Mulling B pfi) Munsingwr (3). Muriay Corp. ... ash Mot (15%) 93 Naxh & Chat (i) 200 NatAcine (sta). K Nat Dellas Hens. 48ly Natlscult (6). 169 at Canh R(A)3 48% I Dalry (3).. 71 Dept Stores. Distillers. . Distillers pt ad (5). .. ark Bkizd4 Nat PwgLt (80c Nat Radlator . . Nat Surety (10) Nevada C(14). N Y AlrBr ()., N Y Cent (8).. NY CAStL(8)... NY Dock. . NY N H & Hart. NY NH&H pt(7) NY Ont&W(1) NY Steam pt (8) NY St pf A (1) o Fron (13) g 9 fag K pd (%) ? enistenl o1 & Watn (210) KEALTORS nt g n o an stie Bu pt NotAm b10% s ) Vs e ) ican Detin. .. Vulcan Detin(A) Wabash. . Ml &SUP. . Mil&SLP pt. CM&StPcts., Waldorf (1%). Walworth (1.20) dCIA (8).. d Baking B. ner Pic A. .. ner-Quin(2) Warrn Bros(15). Warren Bros ris. WarF&Pipe Cor. Webh & Hell Wells-Fargo.... West DairyA(4) 6% | Western I 84 tandards of~ measurement 62% 109% B L4y 107 in 741 Yl 1081y vty NO. 6. 7 THE § 1074 Py 26 o) Fuel & tron. 80 K0 cla) romter . V| ColSouzdpf (4) T4 75 n au s& ki) 91 81k Louf At6) 108 10y FTENETIN 25 48 2¢ 2 f Notes [|o e i Cotmn o i | Consaimume i 3 £ SalewConserva!we e w2 1n 123 128n West I' 0 pf(7) Wast Maryland. o2i ! Went Pacite.. | Westn Paoific pt West Union (8) George V. nd trust estinghise (4), | Westhxe 1ut (4) of \\‘l’\“.‘.!"'\’\'i‘!\' called Wat od it as a stan- HE Swiss eraft oped A measuremer equivalent to 0.1181 throughout the world have accept dard. | White Mot (2).. White Sew Willys-Overland Wilson & Co | Wilson Co pf AL 5 127 j zear 1927 ended with e 645 2500 000 ane ®urplus nd und profits of 8104266748, and the i vealed that 1k organi N | clomed the best year in it history | Many Washington bankers are | thoroughly familiar with the conven tion city chosen for the next Demo cretlc gathering The iast Amer J | Bankers' Association convention | neia v Houston, and iocal mm,.v y that the cordislity shown to vis- | (. More in wlmost remarkalie of Crane, Par bankers, has safe in. | LY i 1w Uistiibut 1ol Gas (5) soiGun pf(h) 102 10: OORICuln pf 6 1% . ‘ousel Textile.. 3% Ay it Bakg A (4) Bl bW ont Baking B in 8 ont Buk pf (8)., 94's ceport had | To measure investments by the fraction of is, of course, impossible, lu.t they can be measured by the fraction of a dollar. And so when vou consider that the First Mortgages offered by Swartzell, Rheem & Hensey Company h so measured for over fifty-eight years s ways proved to be worth par, day in end day out, it is not surprising that they themselves con- sidered by man) the standard by which other investments can be measured. (" a4 201y 9% anie | Yallow Truck 180 &Co p(i7) Youngstn Sh(d) Dividend rates re the ARNU; 40 Years’ Expenence In homes and securities Wm. H Saunders Co., Inc. 1008 1% 2Rin In7 0z 104, ein, sirman of the re Ao sithwn el (3) walk T auArie DRAIEN Iy » forred stock | Dt & Hud () . DG WLt " et bl 8). L 10 124y 48 fichiny 01 Well Ounibus Opnhm Col (9. Orpheim pf () Otin Dilavator (6 Hup First Murt;{u«,{c end e g | If you wish your investment COAL PRICE LOW. 1928 you will profit by accepting YORK, January 14 (A The : average mpot price of bituim onl for the conntry as a whole in 197 waus $199 @ ton, fob mines. which eom aon with §° In 195 and $2 06 1925 Conl Age says wintnous pea. | m for the ye In esthimated | £ B19.000,000 to 620,000,000 net tons, | alnat 873,367,000 tuns in 1926, | to be so protected this standand. NIEW ] Construction Loan Applicatione Invited at 5%2% Glover & Flathcr ; ! i il 4y 1508 H St. N.W. | s b ] e ) Masin 1753 i : : Duguesne pf (1) 1o 1150 27% 2% 164 16 G4 w4ty 108% 108's Laton Axle (%) Lisenlonr & Bro isenohr pt (1) Auro Ly Panhandle pf Vaiiit-Famis) Faramt-¥ pt (8) Loat b1 Park & Tiiford, owr & Lt i 4 Park Utah (80c) ik F&LUDE (1) 107% 107% Pathie Eachange 2 TSRS TRty %0 WO Swartzell. l{l‘)cem &Hensey Company > Barkers 727 FIFTEE H STREET.N.W. Washington, D.C. ’EARS WITHOUT lk“ TO AN INVEQ'I‘(‘Rk STEEL SCRAPS LOWER. NEW YORK., January 14 lfl»—’ Heavy melting » scrap No 1w 28 cents & ton lower in the Pittaburgh | AIBtriol, quUOtation® Now ranging from | $1825 to $15 75, Quotations in the ! Chicago distiict alao are down 3 cents varying from $1225 to §12.75, - AR Tt tahes one minate for all the Moo I the human hody (e pass (hrough (he heart, @ocording to the Liberty Magasine uo . " ol by i i 4z or Han $6% o fl 11y ) Peoules G Verw Maig (18) 1l a0t % o (3 Phtls & 01, Fuilip Muie " e I I o4 Sie imtf Gien Srie MU B (2 ) ith Wb Eriestnotain §1