Evening Star Newspaper, January 19, 1928, Page 14

14 ¥ YOODWARD HEADS T, VERNON BANK Succeeds Muehleisen as President of D. C. Savings Institution, BY EDWARD C. STONE. de H. Woodward, vice president Vernon Savings Bank, president at the annu: terday. succeeding Wil- who was relieved of | \m Beot s ALET | Am Bosch. his own request FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Abitibi Powr(5). Abrahma&Straus. Abr&Stras 7%pf Adams Exp (6). Adams Ex pf(s) Adv Rumley.... Ahumada Lead. . Air Reductn(t7) Afax Rubber. Alaska Junea. .. Albany Papr(2) Albny Pap pf(7) Allied Chem (6) Allis Chalm (6). Amerada (2) Am Agricul Chm Am Agri Ch pf.. | Am Bank N(13). Am BK N pf (3). ig pf. ving been president since the found- | am Br Sh(j o of the ins nee of Mr. Woodward was rapid, as ke has b ation in 1920. The ad- | Am Brown Bov.. Am Can (2 1 with the bank only a year. | Am Can pt (7). on. who has been & di- | AmCar&Fdy(6). 10 veral years and is presi- | am Chicle (3).. International Association | Am Drug (80c). . .was elected a vice presi- | Am E W. Lee. who has His position as cashier motion of his as- | field the meeting. A of the foreign ex ing clected to the cau (2.40) Am & For Pow Am For Pwrr Am&Fo Po pf(7) One other | Am Hide & L pf. {Am Ho P {Am lce (1213). 0). Am Ice pf (8). . | Am Internati(2) s announced that all e made because of | Am L ehleisen will re. Kholder and | Am LaFra am 1seed Am Locomot(8). Meh& Fdy o dent is a for- | AmMask econd Naticnal d went to the th an unusually The com chosen yesterda! t Vernon ssful busin official roster e H. Woodward, presi- on. Emmet C. Davi- Chesterman Assumes Duties, m Chesterman, who was elected bamwwy | Am Woolen. . ace D. McLean, a er Washingtonian who is executive oe president of the Morris Plan Bank m Rad pf (7).. Am Repubiic. .. Am Am Safe Raz(4). Seating (3). Am Ship & Com. Am meiting(8) t Fdys ( tl Fy pr(7) ugar (5) rpf( umatra. ... Tel & Tel(9) Am Am Am | Am Tobacco(§). Am Tobga coB(8) Am Type Fo(§) Am WW&Elcl) PE6) Am Woolen pf. . Am Writ Pactfs b e ek e " AmWrPa pf cfs v York and also of the Morris | {17 T8 B Tlan Corp. Mr. McLean found Yhat he uld t give the necessary time to ington Bank R. Walker. president of the s Plan Corp.. with offices in New Vork, was add Incal board of Cirectors. Arthur D. Morris, founder the a‘l‘*”'t Plan was made chairman e bo m Clearing House Officers Elected. Association at the annual meeting yes- lerdar. It was his fifth re-election tary for the third time. Anaconda (3) Archer-Dan (3 ArmourDel pf(7 ArmourofI11(A) Armour of111(B) { Arnoid Con & Co Art M, 1(133). Asso Dry Gii) Atchison (110).. Atchison pf (5). | Atl Gulf&W1 pf. | Atias Pow pf (8) 106 Atlas Tack..... Harry V. Haynes was elected chair. | Austin-Nichol man of the Washington Clearing House | Austrian Cr 4. | Auto Saves. . | Autosales pt(3) Victor B. Deyber was re-elected secre. | AUlOStrap A (3). 43% | Baldwin Loc (7) 250 H. H. McKee. a former chairman of | Balto & O (6). the Clearing House, was elected to| Bang & Ar (3%) member: P on the clearing house exec- | Bank of Am (12) 388 utive committee. succeeding W. J. Waller, | Bank ofMan(16) 57 nd C. F. Jacobsen took the place of | Barnsdl A(b23) ree 'W. White on the commuttee. | Bayuk Cigars. William J. Flather and John Poole were | Beacon Oil. .. .. 1:-elected to membership. Charles E. | Beechnut (t3 Dright, for several vears manager of | Belding Bros (2) 20'; 20'% the association, was reappointed to that | Bel Nat Rys pf 7 office At present 12 national banks and tw trust companies compose the active riembership of the association. They toe banking resources of the District. Railway Preferred Market Leader. shares of Washington | ¥ & Electric preferred changed ds on the local stock exchange to- he stock selling as high as 1023, tal Traction moved at 109%,, Wash- | Best & Co (3)... ethichem Steel eth St pf (7).. Bioomingdale. .. Iepresent approximately $210,000,000 of | Bon Ami Cl A(4) Borden Milk (6). Booth Fisheries. Botany C MillsA Briggs Mg Co.. British Empire. Britis | British Emp 2d. | Bklyn-Edison (8 214 Emp 1st. inzton Gas at 85, Potomac Electric 51, { Bklyn-Man (4). . Fer cent preferred at 108%, American Security & Trust sold 450 g}nd éée.'thln's Bank & Trust stock e: 151 Commercial National - ferred regi S 1T & Storage preferred 108 and Na- nal Mortgage & Investment preferred z. Bonds were strong but qui Theater Company Elects Officers. At the annual meeting of stockhold- €15 of the West Woodridge Theater Co., Inc., the following directors were elected John W. Oehmann, R. L. Grabill, J. M. | L. Edmiston, B. F.| F. G. Jackson, H. A. Johns, W . W. Q Tidler, Waiter J. liams, Fred B. Miler, 1. fam J. Beelye and J.'C. | Y board organized and ected the following officers H W. Oen b secretary, W, ler, and treasurer, J. M. Casteil. Insurance Trustees Named. nual meeting of the stock- e Home Plate Glass Insur- ence Co. here yesterday the following elected: Byron 8. Adams. . Charles R. Brown, Al- ries E. Hood, John B. 1 H. Bomervel] et Gl 1€ selecing the follow- | ) 40/ 1860p pr esident, John B. Larner Byron B, Adams; secre. er. William H. Bomervell Faculty Dinner Brilliant Success, The annual dinner given 1o the fac- * of Washington Chapter, A. 1. B roved & complete success. 1. J. Rob- Fris chapter president, spoke for the James A Boper presided, ral of the teachers made brief Harold Stonier Girec national educational e impression on his nce his appointment g interesting ad- he urged the young hard at night and put next day what they members present were Ray- Gesn’ Eliot H. Thom- Lavs . J. Donobue, E [ E. Booker Gordon er A Duniap. B Ashby ries B Richarason Other ¥inancial Notes, 1t nee day” in the Na- campuign, and the LAUTanNCe provec- 1gs of ¥or Theater Corpors- 4 December were o corresponding STRUCTURAL STEEL ORDERS NEW YORK 19 B0~ fabri Uructurel steel ourned v ng Jenary aq n 205165 tons represented againe i per POTATO MARKET DULL mry 19 8 iUpjed Agriculture) on ek s shipments tading #ow ecked. rounn Wit sacked whiles, Tus it ked partly miphis Minn Obir. round 1hano 199 wraded and Cratee 200 PASIE Janusry A The Bank Of France ey reduced ite discount “ i 4 per cent U By per oent eral loan Tee wee ent v 5 prer cent, the 6 per | Bkiyn-Man pf(6; ergenthaler | Bklyn Un Gas(5) 152 BrownShoe (215 ) Brunswick B (3) Busb Ter de (7). 109 109% | Brunswick Ter. . Bucyrus Erie. tered 106, Merchants’ Trans- | . sucyrus E (cv). | Buff Roch&P(4) Buff R&F pf (6) | BurnsBros pf(7) | Burroughs(14).. 147 ush Term (b2). Butte Cop & Z. .. Butterick Co Byer & Co. | caiit Packg 4). | Calif Petm (1). { Calumet & Ar(6 Calu & Hecla ( “anDry G Ale( nada Sou (3). n Pacific (10) CaseThreshg(6) Case Thr p1(7). nt Alloy (2) Cero de Pasco(4) riain-Teed (4) Chandler Mot pf. at-Ph Bk(16) €8 & Ohlo(10) C & O Corpn (3). Chi & East 11 pt Chi Great W The | Chi Gt West 1 Ml & BLP CM&StPels.. C M&SLY pf cfs. « Chi Pn Chi Roc| rasset | *hy & Nwn (4) Tool () 5 (5). L1 & ppl(7).. 1 YellowC4). 0 Co (2%).. “hristt B (1.20) “nrysier Cor (1) sty Stor A (3% Ly Btores (B). uett Peab (4). ‘oca-Cola (b). 011in% & Atk(4) SollinsbA pr(7) 0 Fuel & Iron. 010 Bou 1st (4) 0l Gus & K (h) 0l G&E pt A(h) 0l Carbon (4).. om Cred (1) om Eolentsis) o) wZ%). onde Nast(z). . ongoleum-hair ong Clgars (4) Jon Cigarsd?) ansol Distribut Conwol Gan (b)), ‘ot ont ) ont Buk pf (8 ont knwur (6) ., ont Mont (khe) Gin ron (1) oty ine (16) rucibiesEieel (h ruciiie pf(7) ihs Cane Bu pt Js Company w1 I 4 00) ban A S ()) Mahy 1k (4) iymmel Kruit i bel L & W (17) Detroi ki (8) 16voe & 1112 40) Dwima Michs) Ddge bros Cl A tusdge vt (1) Lonie M 1) Dul 85 & Atlen Dul 85 & Atl pf. Lunnill dnt (4) Drafont aeN(16) 1 Pont deb (6) Duguesne pf (1) reduced | gastmen (18) Lastien pf 1) . 110 . 102 il Low. Close. 1 151 153 151 1524 | Faton Axle (2). 101 105 100 105 | Eisenlohr & Bro. 111% 1111 111% 111t | Bisenlohr pf (7) 232 235 232 235 | llec Auto L(6).. i 24 o 4 ectric Boat. a3 i -aar eo Powr & Lit. 3 3 ey Es ec P&Lt pt (7) 180 180 180 180 ec Refrizeratn 128 124 124 ec Stor Bat(5) 17 k Horn. 4 2Ty ind-John (5)... 99 9o, ingineers Pub § 1541 1547 nrs PS pf(7) 116 1164 116% uit BIAg (7). uitableTr(12) 1% 3% Open. High. irbanks Co pf. irbanks (3). .. d Ligt(h1.40). d L&T pf (6). 1°id Phoe Ins(5)., Kirst NatS(1%). Fisk Rubber. ... Fisk 1st pf ev(7) leischmann (3) . Foundation Co. . Fox Film A (4). Freeport (%), GabrielSnb(31) ?{ Gardner Motor. . 4 | Gen Am Tok4). { Gen Asphalt., {tenCable A(4), n Cigars (4). . slec (15)... ee spisUc) ELA) Gen Motors (5)., Gen Mot pf (7).. ien Ry Sig (5).. n Refrac (3). illette Raz (5). Gimbel Bros. g 10 o a1y, 6y PN 10 1 |G | Gold Dust (3)... Goodrich Ru (1) oodrich Rub rts | Goodrich pt (7) | Geodyear Tire. . | Goodyr 15t pf(7) Gould Coupier A ranby Con Min rt North pf (5) Gt Nor pf efs(3) GriNor O (11y), Grt Wes S(2.80) Green Canan Gulf Mo & Nor Gulf States Steel | Hanna 1st pf... Hrtn B 010 % stk Hershey Corp. Hershey pt. . | Hershy pr pf(6) Hoe & Co A - Hollander & Houston O Howe Sound (4) Hud Man (21). iudson Mot (5). Hupp Mot(1.40). lilinois Cen (7). Indep 01l (1)... Indian Mot (133} Indian Mot pf(7) Indian 1 | indian Refg c | Ind Ref pf(7)... { ingersoll Rd(15) Iniand St inspiration InterboroRapir. | intconti Rub(1) Int Agricul prior Bus Ma (5) Cement (4).. { Int Cement pt( Int Com Eng Int Comb pf (7). int Harv (36) IntMtch pf(3.20) Int Mer Mar pf.. 1nt Nickei (2). .. Intl Paper(2.40) int Paper pf (1) Int Ry Cent Amh. | Int Tel & Tel (6) { Intertype(t13;). Island Creek (4) Jewel Tea...... 362 363 | jones Bros Tea. 5%z 5's glordan Motor. .. t 2164 2?,2., 2. 20 kepaListn. Bi% 88% Kan City South, 15201 Kayser J (4) 8% €% Keily-Spring. 3% a2% Kels Wh pt (7).. 16 Kennecott C(5). Kinney (G R). Kinney pf (8). Kraft Ch (11%) o | Kresge (1.20)... | Kresge S8 pr(5) | Lambert Co(5).. Les Tire & Rub. LehighVai(3t) | Lehn & Fink(3). Life Sav (1.60). Lig&MyrsBf4). Lima Loco (4).. Lia Carb (3.60). Loew's Inc (13). 1y | Lo00se-Wil(1.60) Loose-W 1st(7). Loriliard Co. | Louisiana 011 LouisGasA(1.76) | Louts & Nash(7) Ludium Steel(2) Mack Truck (6). Mucy (R H) (5). slad 89 Gr (115) Magma Cop (). Mjlitwon & Co. i Manat) Sugar pt. Man El Sup (5). m g (d5) Man Shirt (2). Maracaibo Oil. Mariund Ol 4 Marlin-Rock( R4l | Martun-Pary (2) 13 31 1 141% | Mathieson (4).. 10K ' | May Dept 8(4). o | Maytag Co (2)... ' | Mexican Seab | Miami Cop (1) W ! Mid-Continent, 40 40 40 4035 | Middle States. .. 1165 116% 116 116% | Midland pforiz). Ry 6% | Miller Rubber . 1ty Min St PESSM, 65 | MBUP&SSM 11(4) o #6 BhY Ry | Mo Kan & Tex., . 185% 186% 1345 135 | Mo K & T pf(6). 105% 105% 104% 10b% | Missour) Iacific 104 10402 108 10 | Missour! Pac pf, 6% UA% %% T | Montana Pow (b 7% 76 b | Montgniry W(4) 91 928 9l Moon Motor, 195 1095 109% 1095 | Mother L (50¢). W2 4 92% 4ia| Motor Met (4.60) 220 22% 22 224 | Motor Wh (2)., 16m% 161 1bRY% 161 | Mulline Mfg. 65% BA% 650 | Munsingwr (3) 49 drv. 49 | Murray Corp 21 26% ! Nush Mot (15%) | Nut iselian Hess, at dsincuit (6) at Bise pf (7) | Nat Cash Jt(A)3 ath Lairy (4)., at Dept Htore at Dnstillers. .. 4 pfA(T) PENC) Pkt (800 at Jadiator at ity Mex 2d., sUBUpplY (16) At Burety (10) evada C1%) OTex &MiT). N Y A Br(4) ¥ Cent (8) i) FUL ptn) A Hart T AW L), wr (i) wl A ) ik AW () pre). ot A b0 % etk 1 Ity Grth Vae (b) .. i Pac ofs(h) orwaik Tire, W 110 178t 1o 61 4 1785, o 167 1664 1665 1675 1665 120 120 118 1055 1031 10: 118 FEN 4610 1904 1917 1904 191% 103% 104%: 103% 1047 40 40m 40 qon 106 106 106 1% 1% 114% 1 164 T2% &7 53% 1204 654 168% 1724 171% 17: 6 5 6 6 2y 21 a1 cor 3% 23% ¢ 3l 36 364 5w 531 4 54 152 4nl 16 284 365 16 5 Y6l 96 46 99 99 9y 1454 146% 145 60% 604 HOY 109, 109 4 4 4 491 49.; 49 95 w3 > T4 245, 104% 21 75 95 59 604 4 915 24 25 103'; 104% 1 623 198 1090 104 2 ¢ e e B0% 0% 109 i 105 10% BT 6k o da's 12kt 1307 115 15 144 1idn 440 Vismin 9% 19 [ T V2 144, Vi 49 01l Well Su Ownibus gyt aliinn(14) i Blevarr(1i) OtisKieel, ..., Otin BU prlor(7), e e e sl o Co 4y, 166 166 18 jen Uwens Bot (e14) 129 129 1 Vpcific Gas (2) Open. 26% 161 961y H9ln 1093 v EDY ' 124 by 1hh 10% " »T% ity 17 Pac Oil Stubs. .. Packard Mot(3). Paige Motor. ... Pan-Am Petrolm Pan-AmePet (B). Panhandle...... Parmt-Fam(§8). Paramt-F pt (8) Park & Tilford. . Park Utah (80¢) Pathe Exchange Pathe Ex A (4). Patino M (a2.19) Peerless Motor., . Penick & Ford., . Penn Dix Cmt Pa Dix Ct pf (7) Penn R R (3%). Pere M prior (5) Phila Co (k4)... PPhilaCo8 % pf(3) Phila& RCI... Phila& RC&T efs, Philip Morris. . . Phillips-Jon (4). Phillips Pet (3). Phoenix pt (7). Pierce-Arrow Piarce Oil. . Pillsbury (1.60). Pillsbry pf(6%) Biftacoal... .. PittsTerm Coal. Postum (5)..... Pres Stl Car (n). Prod & Refiners. Serv NJ (). Serv pe(6). rub S PES) Pullmn Corp(4). Punta Aleg Sug. Pure Oil (1% Purity Bak 13 PurityBak pf(7) Radio Corp of A. Reading Ry (4). Kemingtn-Rand. Reo Motors (1).. Rep Ir & Stl (4). tep L&S pt (7). Reynolds Spngs. | KeynldsTobB(3) Riehfield Oil (1) Robt Reis & Co. Rossia Ins (6).. Royal Das.13k. St Jos Lead (13) 3 nE(18). StL Southwest, Savage Arms. .. Schulte (3. .. huite pr «3). abd Air Line. . Seagrave (el.20) | Seneca Copper. . Shattuck F G Shell Un (1.40). Shubert The (5) Simmons (2). Simms Pete. .., Sinclair O1 . irpt (8).. 1y 011 (2) Snider Packg Co Snider Pkg pr... So Por Ric S(12) South Por South Calit’Ed. . South Dairies A. South Dairies B, | South Fac (6)... iy (8) outh Ry pt (5) u Ry M&O etfs S G & Ept (4) Standu Cale2 i) SWOILNI(T133) Std OINY (1.60). 1 Std Mill (3)..... pLa6). !Stertg Prodiit). Stewart-War () { Studebaker (5) ¢ | Submiarine Boat. | Sun 0il (§1) Superior Vil...., Sweets of Amer. mington. . Telautogh (80c) | Tenn Copper (1) | Texas Corpn (8) Tex Gult Sul (4) Tex & Vacific. | The Fair (2.40), Third Avenue. .. Tidewuter Tidewater 011 & Tide W Oil pf(5) Timken (15), ... Tobae Prod (m). Tobac Prod A (7 i b Prod cfs(A) ! Transcont VIl Transue & W (1) Undrwd-Ell-Fshr | Underwd pf (7). | Union Carb (6 | Un 01l of Calq { Union Pac (10) | Un Pacific pt(4) Utd Biscult... .. UtdCgrsuCsve) Utd Ckr St pee6) United Drug (%) Utd Drg Ist (31, Utd Fruit(1b4) USCLP&F(10) U 8 Distributing U 8 Hoftman (4) US Alconol (5). U S Leather w1, U S Leather A U S Realty (4).. U 8 Rubber. | US Rub 1at'(8). U S Smelt (313, m pL ) Steel (7) teel pf (7). ner PloA. .. Uni Leat Tobed) Unit Plo 18t pf¥) Uni Pipe & R(2). Uni Pipe pf (7). Utah Coper (6). ULl P&LE Ael). Vanadium (14 Vick Chem (4).. Victor Tik Mch, Victor e pf (8).. Victor pr pf (7). Va-Caro Chem . . Va-Cur Ch pf(7) | Vivadou (b10) Vulcan Detin. Wabash. . o Wabush pf (A (b Ward Baking B. Ward Bak pf (7) Warren Broscd) Web & Hell. ... Web& Hell pf(7) enn Kl pre6) | W s [Ixt West I 1’0 (6) West I’ P'o pf(7) West Maryland. Westn Pacific pf West U Westhae A B(2). Westinghne (4), Westhse 1st (4) Weston A (2) White I White I White Mot () Willys Wilson & Co. ... Wiison & Co pt Wilson Co pf A, Vale& Town1i) Yellow Trick Youngstn Hhib) Hon Ha i Lpan., Dividena ra are he i L ey o y Nales 1 1 1 21% 1 3514 10 967 001 234 264 60 ‘| UNION CIGAR CO | CONSOLIDATED 1Yy " 1t TN ll . TN al At 1 (LIRS n N Y. Market, §, 00000 " BAT000 on in ¥, 1800 1,060,400 ative vatle Tnene Dased "ualf Veurly desian ollicrvisg noted aslia o epecial div Vel ver cent o { (uarterly v whin (R0 “hare (n sl v alock Flie ane halt of af i share FRY 100 ehares ook U a ™ Voar——iu rexular Fate Gomanon » m Plys ol A etk Plu, L] 0 Plus ¥4 (0 ore Comman Dayable o Pay i oanl o0 e ) /) ol artecly LTI e etk ON STOCK MARKET Utilities Strong — Motors Rise—Steels Firm—Rails Still Irregular. ! BY GEORGE | S 011 Dispateh to The Star. | NEW YORK, January 19.—Confi-| | denice in the stock market appeared to be restored today. There was no great increase in activity, but the trend of prices was distinctly upward, and that without any important change in the ! outside: situation. The feawre of the early was the buying of the public utilities. | The low-priced issues were all strong | and one or two of the seasoned dividend | payers in vigorous demand. Montana Power was the leader, with a gain of | nearly 4 points as it crossed 110 to much the highest price in over 2 dec- ade. Federal Light & Traction gained | | more than 2 peints. Electric Power & | | Light, above 34, was at the highest in | over ‘a_year Commonwealth Power, | | Stundard Gas & Electric and American Power & Light were all higher. In| | fact, almost without exception, this part | | of the list was in pronounced favor. Probe Development Views. The only explanation of the strength !in the utilities was that Wall Street Iwas interpreting favorably deveiop- ments with regard to the proposed in- vestigation at Washington. Probably there had been short selling on ex- pectation of adverse political action. 1f 5o these short contracts were hastily | retired today. | Repurchasers by previous sellers for the decline figured in the motor sharcs | also. Here the situation was very plain. Bear speculators who had hoped to | bring out liqudation on the theory that the price-culting era would have a dis- | asirous effect on profits were in re- treat. Chrysler, Hupp and Hudson led the independents. General Motors was | a shade higner, but relatively inactive. | The steels were firm. The feature in | s part of the list was the upturn in | nd Steel following more definite re- ris that the deal with Youngstown heet and Tube had been concluded. | Most of the industrials did better and | there was even some bidding up of specialtis, one of them being Schulte | | Retail Stores. The rails were still ir- | regular, although selling was in srmner| | volume than on Wednesday. Money Comes Down. Money renewed at 4 per cent and | around noontime the rate for new loans ame down to 3'; per cenj. Interes centered on the report to be given ou after the close as to brokers' loans In view of the decline in the averages, | the total ought to show a substantial ! reduction, but the Street has been de- | celved too oiten to found any s(;;ecu- | lative plans on such a contingency. ey mors important. will be the report of the Federal Reserve . which will show whether or not here have been nmnerTlargc‘ sales of Sovernment securities. This ftem will o aken as significant of the Federal Reserve policy toward the money mar-' | T. HUGHES, dealings | | ket. 7. L. GRAHAM RESIGNS. NEW YORK, January 19 (P.—J. L.| | Graham has resigned as a director of | R. J. Reynolds Tobacco Co. | | Wall Street Briefs [ ICAGO & EASTERN ILLINOIS — (-Sxfls revenues of the Chicago & East- | ern Ilhnois for 1927 will be & per cent | less than in 1926, says T. C inelLJ president. Surplus after charges also | Will be smalier, but the road will show | some net profit. “We are in & stronger cash position at present and going right | | ahead with improvements as needed. On | February 1 we will open a new freight station in Chicago costing §150.000. We | have sent bids for 500 auto cars, \e'hlth will be the last word in that line. o | CME STEEL CO.—Acme 'Steel Co. | v:uAnPd 3 a share in 1927, against $644 in 1926 income rose to $1,414,819 from $1.179.204. 'ON TEXTILE INDUSTRY — ‘rtfiogzlx;m spot in the cotton textile industry has been the increasing realiza- tion by the mills that it is advan- tageous to keep their production in line | with demand. in the opinion of Spencer | Turner, president of the Assoctation of | Cotton Textile Merchants of New York. | G KINNEY CO —Net income of | G. R Kirney Co. for 1927 was $802 equal to $5.19 a share on the common. against $577,031 in 1926, or $238 a share. Current assets were $6.930.944, of which $651.340 was cash, Current | liabilities were $1.860,909. | Unjon Cigar Co. organized with authorized capital stock of $2.000.000, 15 offering to hold- of class “A” and common stock of Unfon Tobacco Co. the right to sub- scribe, share for share, to the Cigar Co’s stock at 85, Rights accrue to| holders of record January 16 and expire | February 1 UNION OI1L-CALIFORNIA PETRO-| LEUM — Approximately $1,500000 will be spent this year by Union Ol Co. and Californin Pefroleum Corporation in the development of 1,635430 acres of Pan- tepec concessions in Veneruela, under & contract by which the two companies will bear all expenses in return for a half interest in the properties. Drilling | of the first well will begin early next month, GAS Consoli- fe Light and Power has called for pay ment on April 2, the $5.000.000 series A, $2.000000 series B and $4.000000 serles @ cumulative preferred stock: the “A” at $126 a share and the "B"/| and "C" stocks at $110 a share. The | company Wil ssue $13.500000 of & per cent preferred, of which $10,000.- | 000 shortly will be offered by a group | headed by Spencer Trask & Co. dated Gas, Elec Co. of Baltimors EXAS & PACIFIC - The Texas & Pacific Ratllway had record Decembes | frelght traffe, desplte decreased moves | ments of cotton and sUgar cane on ae- | unt of lower production, The month's | venues were exceeded only tn 1920 Gross revenues for 1027 are said to have | Lapproached $38.900 000, compared with | $35. 449,600 In 1926 an increase of 9.7 | per cent. Net income for 1927 18 being | estimated around $4.200,000, or §777a share on the common, against $3,027,341 | or $7.07 a share in 1 NATIONALE DES. | | COMPTE — Paul Duran. for seven_years president of the French-Américan Ranking Corporation, has resigned and | again Wil Join Comptolr - Nationale D'Escompte De Paris, with which he had been connected for years. J. Do | Hleyes, vice president of the corporation spee 1022, has been elected president | Gearg Roosevelt was elocted & di- roct A Comtet, with Complotre | Nationale sinee 1003 was appointed vice prestdent and W O Thompaon, former= Iy trensurer, becomes vice president and Lreanure AMERICAN ME™*s €O, LTD. Btockholders of Ameriean Metal Oo. Ltd, will vote March 8 on & proposed Isstie of 100,000 shares of ¢ per cent cumulative preferred stock, $100 par, convertible up to December 1, 1039, | Into common stobk, The purpose of the New Issue 1 to offer holders of the present preferved ia oalled for retires change for new pieferred before the | prsent preferrd 18 calld for velivement | ment and to provide additional capital ¢ Tor expansion, COMPTOIR FINANCTAL BERTRAM CHESTERMAN, Elected president of the Morris Plan Bank_of hington, succeeding Wal- lace D. McLean, resigned. He is a na- tive of Richmond, a former newspaper man, and was vice president of the lo- cal_institution. ARGENTINE CROPS GOOD. Harvest Suffers Some and Rains, ‘Have Retarding Effect. BUENOS AIRES, Argentina, January 19 (P).—The ministry of Agriculture today made public a report on the con- dition of Argentine crops as of January 16, stating that although conditions | hroughout the country were generally good. the harvest had suffered some and was retarded to some extent by rains. Reports on individual crops were as follows Wheat--Threshing is in an advanced state in all zones. but less 0 in the southern part of the Provinee of Buenos Aires and Las Pampas: the vield is gen- erally good. although in some zones the production will be less and of inferior qualit; Corn—Plants are in good condition and a satisfactory yield is expected. Oats—The planting was in small quantity which is in good condition. Cotton—Is maintaining in normal condition and a good harvest is ex- pected. — . ASKS DEEPER CHANNEL. BALTIMORE, January 19 (Special) ~Port business of Baltimore has far outgrown {ts present channel and the War Department will be asked to spend between $3,000.000 and $4.000.000 in dredging here, according to W. L. Fair- banks, assisting director of the Export and Import Bureau. | SILVER QUOTATIONS. | NEW YORK, January 19 (# —Bar silver, 561-: Mexican dollars. 431;. Mortgage Money Loaned at Low Interest Rates Economie Conditions Tyler & Rutherford Loan Corresnondent Mutual Benefit Life Ins. Co. 1520 K Street Main 475 We Have Money Available For immediate investment, and will be glad to receive ap- plications for loans on re dential, business or investment property. EEVER L vl Tel. Main 4752 1415K St. ==l i 0—=10 The Bank of Personal Service Spread the Cost —of a SAFE DEPOSIT BOX over a whole year, and you find that security for your valuables costs LESS THAN A CENT A DAY. Your peace of mind is surely worth that, q We‘rem Safe Deposit Boxes 2313 ins. long, 5 ins. wide and 2% ins. 53.50 per year deep for. THe Commercia. Nationar Bank Capital & Surplus, $1,400,000.00———Resources, Over $18,000.000.00 Corner Fourteenth and G Sts. lI———lal———oja[———[a[——| TO LOAN on Real Estate in D. C. and Vicinity LOWEST INTEREST and Commission [ | | 9] . We'll Help You Raise - That Loan on Your Home ¢ This is a Washington concern (our ownership and management are the same 2s that of The Commercial National Bank). You deal with a reliable firm when you have our help in mor:zasing your home, apartment house or business structure. T Prompt consideration given all applica- tions. Lowest interest and commissio Correspondence invited. Our 6% FIRST MORTGAGE NOTES are Excellent [Investments. Sold Out. right or on the Monthly Payment Plan. The Commercial National Co. Paid-Up Cash Capital, $700.000.0% Commercial National Bank Building, 14th and G SAFE r @& Thira of a Century Without a Loss B. Main 2100 THERE IS FIRST MORTGAGE THERE IS WIDE DIFFERENCE between speculation and in- vestment. Speculation “takes a chance.” Investment i s upon soundness and safety. To recognize this difference is to : understand why our 6% FIRST MORTGAGES are in so many instances the choice of conservative invest- ors. Money invested in them is safeguarded absolutely against all hazard of loss. F. SAUL CO. 925 15th St. N.W. NO SUBSTITUTE: FOR SAFETY in 1928, NO. & stretched. As used eem & Hensey Swartzell, KM N 727 FIFTE Washington, D.C. 38 YEARS WITHOUT LOSS TO AN INVESTOR THE FATHOM HE term fathom comes from the Anglo-Saxon word faethm, signifying embrace, and orig- inally meant the length of rope between the two hands w” n the arms were held out- iay the fathom is a nautieal standard of measurement equal to six feet. On land and sea, abroad or home, standards dif- fer in length, breadth, size, shape and quality. But no matter in what country, the standard in invest- ments is represented by the value of the security and its constancy under all conditions. First Mortgages offered by Swartzell, Rheem and Hensey Company are considered by many standard because they embrace all these qualities. So the as the Here in your own city this standard awaits you Company Bankers H STREET.N.W.