Evening Star Newspaper, January 25, 1928, Page 11

FINANCIAL. HIGH-GRADE BOND m, Second Trust Loans || tate made on asonable terms. Prompt attention given appli- cations. W. H. WEST COMPANY 916 15th St. Main 9900 | Foreign Issues Firm—Reac- ‘1 tion in Liberties and Treas- ' uries Is Sharp. | BY CHARLES F. SPEARE. al Dispateh to The NEW YORK. January 25.—The effect of the advance in the Chicago redis- | count rate to 4 per cent was felt most today by high-grade bonds. This wa | quite natural in view of the low | come return on such bonds, (wpml'\ll\ | United States Government issues | the other hand, the high cou; cign issues were firm. with buvers sorting to this devai ment of the n | ket the one offering them the bes | vields through the period of frmer in- | terest rates. The reaction in United States Liberty ‘\ d United States Treasury issues wa sharp. ted to ', point. With this loss | the long-term freasury certificates were down from s t0 'g point from the high he month, which was rcached dur- rly veriod of the exchange of d Liberty 4',s fer the short- 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 \;.—.J ! a Arizona Edison Company $6.50 Cumulative Preferred Stock Best Rails Are Soft. There was also a soft market for | high-grade rails, public utilities and in ials. Temporarily. the vsual Eq efs of this class of secutities have with- drawn from the market rending the | Sutlook for interest Taies in other cen- | Yers besides Chicago. Speculative industrials came down fractionally with stocks. There were st point in Liquid Carbonic Dividend Requirements 3s. Andes Copper 7s and Brooklyn Union Earned 3.46 Times 1 s 51.s. Other issues wer: off i to | point and rather dull. About the | same general condition obtained in the | junior rail list, where lusses from 3, to !> point Belgian governments, French rails, Japanese municipals, City of Budapest 6s. Australian 5s and Uruguay 6s show- ed the best tone of the day. There is Tax Refundable in Pennsylvania $99 and Accrued Dividends Yielding Over 6.56 Stroud, Kurtz & Co. Incorparated Transportation Bldg., WASHINGTON, D. C. loan to be offered in this market. Speculate on Rates. Dealers and traders in bonds were en- | deavoring today to make up their minds hvw the market will take the higher \dl“cuun( rates, for it is generally ex- pected that all of the other reserve cen- | ters will follow Chicago in the next few | | weeks. Except for some of the lower grades of public utilities and the last issues of German bonds which wer2 |bADught out in October. the market is fairly well liquidated. Banks have not been buyers to any extent this month. Dealers have been reducing their com- mitments on the threatofachange in Real Estate Loans _On Improved Property 5%% Intcr:st high coupon domestic and foreign is- sues and some of the convertibles, it is not felt that it is at the point of reac- tion. In fact, should there be an exten- sive decline in stocks there would be a broader demand for bonds. This would have a tendency to offset institutional selling. With money rates firmer there will be less disposition to bring out new issues, thereby correcting some of ths present unsatisfactory conditions in the | market. o Washmgton Stock Exchange Sales. Wu»h R. & E. gen’] 65—32?'00 at 103%, atisfactory T. s Satisf. il $1,000 at 103%, $2,000 at 103 EAVER BRO! REALTORS 809 15th St. Pot. Elec 5'2% 1081, 10 at 10815, | Wash. ‘Gas Lt—5 at 852, 12’ at 85%, 1 10 at 85%. Wash. R. & E. com.—4 at 460. |Wash. R. & E. pfd—1 at 102'2. Nat'l Metropolitan Bk.—10 at ‘02 10 at 402, Tflle & Inv. Co. of Md.—10 at 56, 30 t 56. cm S-nd & Gravel pfd—20 at 104, 5 ‘redem Amer. Co. com—20 at 3815, Sanitary Grocery pfd—1 at 105%. After Call. { Fed-American com —8 at 38!, Merch. Bk. & Tr. Co.—15 at 15115, | Wash. Gas 6s “B" llbO ll 108 Mergenthaler Lin Nat’] Metropolitan Bk - -—5 al 403‘. 5 al Monés—Call loans, 5% and 6%. Bid and Asked Prices. BONDS. PUBLIC UTILITY B Tell the Story —of vour business and itz advantages on Brewood- Engraved Letter- | heads. The advan- B | tages of Brewood’s § thirty-six years of experience in paper markets and en- graving designs are yours plus the ad- vantages of your own story. ‘Brew®D Engraved Business Ftatumery 611 12th S, 10135 10380 2 1 Col Gas&El deb 5. 08 9% STOCKS 11C UTILITY. 440 1o . BANKS Address Box 167-A. Star Office Procter & Gamble Debenture 4':'s Price Parandaccruedinterest Due Juruery ), 1947 T s WSSOI s 0 2am b the umureuwit of Wi &ctive BWe I sles, D IN iee2 LISTGOES LOWER, in- | In some oi the latter it | ranged | possibility of another large Australian | | | | | the rediscount rate. While the market | Netherlands 65 5 offers no promise of advance except in | e 112 & ¥ | Armour&Co 434835 16 { | Donuer E | Goodrich 648, | Gooayear b rets, | Humble O & R G%s | | o 1tic Am Tob 6s | #ubite servie 1ank of Chi | Dutch East I 65 6 | Anaconda 1st 6 | van-Amer § THE EVENING STAR., WASHINGTON, D. (.. WEDNESDAY, JANUARY o= =)y 1928, Raceived by Private Wire Direct to The Star Office Quotations to 2:35 p.m.—Final Quotations in 5:30 Edition. UNITED STATES. (Sales are in $1.000. Sales. Hich. Low 72 10121 10113 10 1035 1032 5 10013 10014 7 10324 103 25 1026 1029 10710 1072 1076 US4s 1944, 127 1108 110 110 US4%s52 133 11515 1152 1152 FOREIGN. Sales 1ich. Low 2 Sales. Tich. Low United Drug 6s. U S Rub 1st rf 6 U S Rub 7%s. U S Steel sf 58 Utah Pow & Lt Vertlentes Sug 7 96 1047 10915 101% 10115 101 101 1037 104 i 2" 1z 10475 1047 102% 102 102 1007 Lib3%s... Lib 1st 4%s 27 Lib3d 448 104 Lib 4th 41s 200 US 3% 43-4 9 US3Ys... 1 109 Wilson & Co 15t 63. Yngstn SET 53 w.d. 68 101% RAILROAD. 1 Argentine § Argentine 6s.Ju 59, 91 nennnesu(?cus 48 3 100 10015 100 a0, 1001 993 100 i, Atchison adj 45 Atchison gen 4 Atlantic C L 1st 43 Al & Dan 1st 4s 48 Australia Bs 1957 Anstria 7s. 1007 1041 10415 TN 1007 1041, 104 11y D& OSW is b0, 1061 O Toledo 4s. .., 7th Av 5s. ated 61 iklvn Manhat 6s. ., Buft R & Pitt 4145, Can Nat4%s (L,. Rordeaux 63, Brazil 6%:s. Brazil 7 Brazil 8s. 1003 Can Nor 4128103, Canad North 6 d North anad Pac deb 4s. Can Pac 41946, ,, Car Clinch&O 6s 62 Cent Pac 1st 5s 90, Chesa Corp 5= Ches & Ocv 4s., Ches & O gn 4%3s. ., Chi & Alton 3s Chi B&Q gen 4558, CB&Q41sTTB., Chi B&Q 1st rf bs. Ch&E Il gn 58 51, Chl Gt West 4s 5 CM&Puget s 4 Buenos Aires 7s 5§ Canada 551931 Canada Canada 5%s 1929 Chile 78 194 Chile 831941, Chile 85 1946 Chinese Gov R Con Pow Japan 7s. Copenhagen 5s ct Cuba 5%s. ., Czecho 71 s rets Czecho §s1951.. Czecho 8= 52 Danish Munic 85 A Denmark 6s. DET5%s Mch 53. Dutch East I 6s 47, 2 10214 107% 102 101 111 1001, 1087 2 1043 997y 4 100% 1 111Y% 110t El Salvador 8s48.. Finland s f 63 45. Finland 7s. Frnmcrlcan1%s German EI P 6% German 7s. Ger Am Bank Ger Gen Elec CHRT&PE (hll’]&.l‘rrcw w6 14| 3 v 96'a Chi Unfon Sta Chi & W Ind cn 45, Cc& \\'l’l,<s Jergens U M 6s 4 Lyon 6s.. Marseille 6s. Mexico 4s 0. Mexico 45 10 Mexico 5sasntd. Milan 6%s. Montevideo Cuba R R 58 Cuba Nor 5135 cts. 14 { Del & Hud 1strf 4s 10 id cv 58 35, 964 108k 100 101% pn', Den& D& RioG mxu D Rio G West 5s.. 105 Det United 43s. .. Norway 631952, Orient Dev deb 6: Paris-Ly-Med 63, Paris-Ly-Med 7s, Paris-Orleans 7s, Peru 6367 w.. v 1904 91t 5367 FlaEC5s74. .1 Gr Trunk stdb 6s.. 2 1091 108 Grand Trunk 116'% 116 100% 100 North 4148w 2 100 100 North 5s. 1074 Great North 113 Great Nor gen 1 Hud & Man ref 5s. Hud & Man aj 5s.. 111 Cent 45 1l Cent ref 45, 111 Cent 4% s 6 1il Cent Cht 4158, Int Rapid Tran 5s. Int Rap Tr 5s stpd. 136 Int Rapid Tran 6s. 19 Int Rap Tran Ts, Int & G Norad 6s.. Int & G Nor 1st 6s. Int RysC A &8 72., IntRy CA 6isret Kan City Ft S 4s... ansas City § 5s.., Porto Alegre §s 108% 1% 108 109 108% 1113 Rfloflo.llnl 1946, 108 Rio de Jan 85 47. Rio Gr Do Sul 8: Rome 6338 Sao Paulo Sao Paulo fa 1936 Sao Paulo 1950 Saxon (PW) 7 Seine 7s 42, Serbs Crot Slo 8 Soissons 65 Sweden 5% Swiss 5148 1946. ... Swiss Confed 8 101% 100 106% 108 100% 106 99% 98'n 105 10: 1 TRAFFICWILLGAN | City, | Memphis, Vicksburg, Baton Rouge, Bir- | | water shipment terminals of the world. | tonnage carried on the three rivers in | | Warrior River Barge Line, operated by «| A much largrr gain is anticipated this | ON INLAND WATERS Improved Facilities and Routes Expected to Boost Tonnage This Year. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, January 25.—The com- merce carried over the inland water- w of the United States in 1928 will approximate 750,000,000 tons, Accord- ing to an estimate made by transporta- tion men after a study of conditions affecting all the navigable fresh waters of the Nation. The increase over the 540,500,000 tons reported by the War Department engineers in their last an- nual report is based not only on in- creased business activity and prosper- ity. but on added equipment. The present year will see a remark- able increase in equipment, in the mileage of navigable channels and in the addition of products which hitherto have never been carried by inland waters. The improvement will affect, in_one way or another, business and industrial conditions from the Atlantic to the Pacific and from the St. Lawrence to the Gulf, in every line which ships its products outside its own | immediate territory. Saves Shippers Millions. It will mean an additional saving of millions to shippers, yet it will not ma- terfally lessen the earnings of the rail carriers, which will retain supremacy in the carriage of goods for which speed is an essential. The gain will come from a huge tonnage, which hitherto has not been able to find a market reachable by cheap transportation. Coal and coke, oil, iron ore and grain will probably continue to represent the bulk of the water shipments. As a re- t of the improvement of this traffic, tsburgh. Chicago, Cleveland, Buffalo, [oledo, Duluth, Minneapolis, Kansas St. Louis, Cincinnati, Louisville, mmxhnm and New Orleans will take their places among the great ports and As soon as the fce is out of the Great | Lakes, at least six huge new freighters| will be put into service in addition to| the present lakes fleet. All Records Broken. The past year broke all records for | ihe Pittsburgh district. the Mononga- | hela, Allegheny and Ohio, with a gain of 445793 tons. By 1929 the entire| improvement of the Ohio, giving & 9- | foot channel from Pittsburgh to the | mouth of the river. will have been com- | pleted, with shipments increasing in | proportion. | vegetables, | few highes POULTRY CHEAPER INLOCAL MARKET Egg Receipts Gain Only Slightly—Meat Prices Are Unchanged. Wholesale dealers fail to understand why egg receipts have not materially increased the past two or three weeks. ‘They have increased to a small extent, hut not enough to affect prices as much as dealers had anticipated. Shortly aftgr the close of the Christ- mas holiday season, when mild weather continucd slight increase in receipts was reported, and dealers thought re- ceipts would continue to increase. Recelpts are ample to meet demands. | according to this morning's report. Cheaper poultry prices probably will result in a greater demand for the product of the barnyard. Meat, fruit and vegetable prices remained about the same. Today's Wholesale Prices. Butter—One-pound prints, 50a51; tub, 47a48';; store packed, 32. Eggs —Fresh, selected, 45a46; hennery, 46a47: current receipts, 42a43. Poultry—Turkeys, alive, 38a40; Spring chickens, 20a30; fowls, 24a25; roosters, 16a17: ducks, 18a20; keats, young, 70a 75; old, 35. Dressed turkeys, 42a45 Spring chickens, 30a32; roosters, 1 capons, fancy, heavy, 40ad2 du(‘k'!‘ 25a30; keats, 30a90. , fresh killed—Beef, 20a2! : lamb, 26a27; fresh hams, ; loins, 19a20: fresh shoulders, 15)\15 smoked hams, 22a23: smoked shoulders, 13a14; strip bacon, 22a23; lard, 1215a13; calves, alive, 16; lambs, alive, 13. Fruit and Vegetable Review. small, | ‘Today's market report on fruits and | compiled by the Market News Service Bureau of Agricmtuml Economics, say: Apples—Supplies moderate; moderate, market steady: barrels. Penn- sylvania, U. § No. 1, Yorks, 625a6.5 few fancy, 7.00; Virginia, U. S. No. 2 Staymans, 21, inches up good qualif and condition, 6.00a6.50: boxes, Wash- ington, medium to large sizes, extra | fancy Delicious, mostly 4.25: extra fancy | Romes and Staymans, 3.00a3.25: bushel | baskets, Penns)]\anm and Virginia, U. S. No. 1, 21 inches up, Staymans, 2.2 Virginia l' S. No. 1, Sta mans, 2% inches up, unclassified | Staymans, 2!, inches up. russeted, 2.00 2225 demand | | | | Cabbage—Supplies moderate: demand | moderate, market about steady. old stock, New York, sacked, per hundre weight, Danish type, 1.00a1.25; new stock. Texas, barrel crates, approxi- mately 100 pounds net, Round type mostly, 3.50; few low as 3.25: Florida, | For the first time in its history, the | }.2-bishel hampers, Pointed type, most- | the Government, which carries Bir- mingham and other Alabama products | to Mobile, operated at a profit in 1927 year, The Missouri Barge Line from Kan- sas City to St. Louls will begin to func- | tion in 1928 on a quantity basis. Private barge lines will supplement the Gov- :[ernment boats on the upper Missis- |32 sippi between St. Louls and Minne- | apolis, carrying grain, iron ore, SUgar and other products. Some idea of the | possibilities may be obtained from the fact_that one tow boat brought down | the Mississipp! in 1927 an ofl cargo it | would have required 28 trains of 40 cars each to handle. The Mississippi now has a 9-foot channel below St. Louis, and eventually this will be deep- | ened.’ largely through control of the waters of the river itself. Equipment Inadequate. | The business of the Federal Barge Line on the Mississippt in 1927 would | bave been five times larger if equip- | ment had been adequate to handle it. | ine new commodities will be added to | list of shipments in 1928, accord- | 2% to Army_ Engineers. Their report | says 6995425 tons of freight will be | available for the line in 1928, as com- pared with the 1,251,276 tons carried in 192 Even the latter amount saved Tokio 5148 1961.... Utd Kingm 6348 29 Utd Kingm 6% 8 37 Uruguay 8s., Yokohama 65 w § s 89 7% 117% 106 1 109'; 10! 9542 MISCELLANEOUS. Am AgriChem 7358 7 105t Am Cotton Ol 5s 1004 Am Smit& R 1st 5 u 1021y Am Smit & R 6s. 108 Am Sugar Ref 63, 105% Kan City Torm 4s. Lehigh Valen 4s.. ‘ LehighVal con 415 . .| Louis& Nash uni 43 Louls & Nash bs B. 1 Yhte Louts & Nast Louls & Nas| Man Ry 1st 90 Market St (s 40, 10w 70 » 100 105 103 AmT&T s by Am Tel & T Pl ol ;f:l‘w“r e M St PASSM cn b3, e MSUP& i | Anaconds ev db 8. L AnSconca ey MK&T 4n B in ABSEd MK & Tadj 65 108 1048 i 102 10278 101 9 91% Armour Del 6%38. . Associated Ofl 8. . Barnsdall 6% 1940, . Bell Tel Pa 58 B Bell Tel Pa b5 C. BethlehemStl pm5s Beth Steel rf bs. .. Beth Steel 6%s 53, 50 6 36 .y 1008 1001 1054 OTex & MGsA.. NOTex & M by B, NOT&MGYs. N Y Centas 98 " Bklyn Union 5344, . Chile Copper 6y. .. 1000 B0y 1064 1045, 96 1017, 1043 1004 BOY 107 105 6% 101 1043 108 VY Ce : ‘ Con Coal Md 1nt s Y Con Gas N Y G4, v | Consumers Pow Gs, YC e “uba Cane 8x, Y Denver Gas LH YC Detroitk YC&S Detroit : ¥ ) 0 Y NH&H ab 48 67 | Dodie 6s. ¥ NH&H v ab 6a 7 118 | NY H Hav& M et 6 NY O W int 4s.. NY O&W gen 45 NY ltynbn 65, NYJlynés A6 NY State Ry NYWa l(-md‘yu Nor & 8 ¢ Nottolk & . 106t . o v | 102 Nty By, 1017 100 1084 9, ITUINSTTIN Humble O] bx. 1inols Hell 18t 6 1Hinoin Bteel 4% Int Mer Marine 6 Int Paper bn 47 Inter Paper f4 Int Tel&Telex 4% I Knyrer & Co b Kan City ' & L. b Lacknwanna St 68, Lucieds by Ore SHort L rfu4n, Ore Wash 1t 4s. , Pennaylgen 4y, 090 9 | WL, s, 1040 104 Liggett & Myern 18 Loriliard bs., Lorillara (#) 7 Loulsv G & K bu 52 Munnt) #1 Midvale st Mont Mont Power deh w0 et 4 Pennnyl i 160 & 1311 44 40 PCCASLGnA Port L & 1 Tteading ken 4 RUANKCE L., LOANMAS &G 4y L&NK s A HUL & 50L& b 5 BUL & 510 ad) b, HUL & 8 I o s, HULB W int 4w 1044 101 101, 1044, 100y, nhn | 1010, [ 1y 10ty 1067 v 101% 1041y 1y v . 1018, 1n, i 1 1 o 1oty . i 1040 10 -0 1000 i Vo, I 1074 10b 1y 10dn 100 ¥ Tel 64l N Y Tel 6849, ..., Horth Am Vadis s Fhida Cobs 61 wi. 190 Fhiile Corf bs A 3 PhilukItend C&1 58 Pieice Ariow ks, . 10 " a2l " AL I S0 1uo 4w Hou Pacin Hou My ken 4 ity Hou Iy 6 b4 Bouther Fublic Ico [EESTEI 1065 1104 14 w 07, 1 Oiin TeaxAvk I 61w 60 Tex & | Thivd Ave ItemingtonAr i Bharon Kt 1 b TRUIETN Ol B Ol Ta W Crude O1) b Hin e Lt Bhelly O) Hou el S Py o 5k 107 [ W 100 107 1o s, 1074, ity JIN [T A BT I b Union | Wiy 104% Unton Pav ey s, , 10 100, VirEinia 1y 1n by Wabianh b ls 16 Wl Matyiand 4s ! Went Ma b Wentern F'aoino bn West Bhuie dn 4i6} [T 1080y 1, LI 100, L0y T LU ) Fuw b 47 ) in o, Aolede KAn Lat Ts, i 10 (Tl 21 By the Associated Press. | last_pre-war Lindao was authorke 2o holders of v | extras, 45 the shippers in 44 States $1,950.200 in the last year, according to the reports. Expert transportation men see in the development of the river s - turn o the days when New Orleas SU Louls were without rivals as ports, through which poured the products and supplies for the Middle and Inter- | |mountain West as far as Utah, New | Mexico and Montana |WERCHANT SHIP BUILOING INU. S. SEEN AT LOW MARK | { NEW YORK, January 25.—The pro- | duction of merchant vessels in the United States for 1927 showed & gain of about 20 per cent over that of 1926, | while the launchings of Great Britain and Ireland increased more than 90| per cent, Lloyd's register of shipping | announced yesterday. The year's total of 2,285.000 gross tons exceeded that of 1926 by 610,000 tons and was the largest recorded since 1922 But the figure is still over a {milllon tons less than that for the ear, 1913, and is nearly 5000,000 tons below the peak year, “In 1927 Great Britain and Ireland launched a total tonnage of 1225873, compared with 639,508 for 1926. came second with a tonnage . as compared with The United States for 1027 [ 289 180,548 for 1926 ranked third, the tonnage 105 | being 170218, as compared with 150.613 | foot combir for 1926, | MOTOR ACCESSORIES. | NEW YORK, January 25 (#).- utomotive parts and accessory busi- | ness again Is on the upgrade after th seasonally low final quarter of 1937 December showed improvement over November and January business ap- pears to be running substantinlly ahead | of December, the Accessory Manufac- | turers' A; ation reports. * January 1 | expected to be a big month, chiefly for | makers of motors, bodies, parts nud| cessories supplying car manufacturs | s With original equipment. DIVIDEND IS BOOSTED. NEW YORK, January 25 () - The annual dividend rate on common stock of Mathieson Alkalt Works, Ine., was | vatsed to 86 quarterly divk Tt The | hoth payable April ord March 14, BUTTER IS LOWER. CHICAGO, Januury 25 (4 lower, tecelpts, 5941 tubs standarids, 441, Adnddl At dlad 400, s lower receipts, 111N cases firste, 9900 ordinary fivats, Y7ads C., B. & Q. TRAFFIC GAINS NEW YORK, January 23 (4 Frelght tamo on the Chicago, Burling ton & Quiney pleked up i the Arst 2t Mays of Janunry, the road handiing 105006 carlonds, agatnst D743 W the same period lnst year PERE MARQUETTE. NEW YORK. January 23 () - Net eome of the Peve Marguette for 1937 wits $7110.024, equal (0 $13.31 w share an e common atter preforred divi donds agatist 872004 I 1028, o S14.47 1 share on e common Surplus for Decomber Wi BI0N BN, alter llh:lula Agalnal 120,083 1 Decenmber, 0, Butter creamery 1 light, | eighth-bushel {m o the 1y 2.00: South Carolina, barrel crates approximately 100 pounds net, Potnted type. 2.75. Celerv—Supplies moderate; moderate. market steady: crmr!‘ 5.00a5.50: P'lofldn 10-inch | | crates, 300; few small size, 2.75. Lettuce—Supplies moderate: demand moderate, market about steady: Ari- zona, crates. Iceberg type, 4-5 dozen, 2! 50; California, Imperial Vall Iceberg type, 4-5 dozen, 3 California, | crates, 75a 25. Onions—Supplies moderate: market slightly weaker: Michi- gan and Ohio, 100-pound sacks ve! lows, U S. No. 1, medium to large size, 265a2.75. few higher. Potatoes — Supplies moderate: de- mand moderate, market about stead: Michigan. d50-pound sacks Russet Ru- rals, U. S. No. 1, mostly S. No. 1. 2.75a2.90. Spinach — Supplies mand moderate, mar | bushel baskets 'Savoy as high as 240 Tomato Market Steady. Tomatoes — Supplies light: demand moderate, market steady: Florida, from | ripening rooms, 6s. ripes and turning. | | wrapped. fancy count. 500: unknow repacked in New York C moderate; t stead! ype, 225; de- 90. mostly around 2.75: 1.75a2 25, String beans—Supplies light: demand light: market dull: Florida. mostly ordinary quality and condition, seven- hampers. green. wide range prices mostly 4.00a500; few best, 600: poorer low as 300 Eggplant—Supplies 1y <low; market dull: Fi crates, fancy, 3.50a4.00. c 3.00 Peppers—Supplies light: demand | light: market dull: Florida. pepper crates, fancy, 4.00: few higher. Squash—Supplies light: demand light: market about steady: Florida, pepper | crates, fancy white, wrapped, medium size, 550, Carrots—Supplies moderate: demand light; market dull: Texa: bushel baskets, bunched, 1.90a2.00; higher. Beets—Supplies light; demand light: market about steady as, bushel | baskets, bunched. mostly pepper crates, loose, 2.00. Caulifiower—Supplies liberal: light: market steady: California. crates, 1.90a2.00: fair quality, 175 Strawberries—Supplies light; demand light; market firm: Florida. frigerators, Missionarys, demand pepper oice, 2.50a pony 60465, PENNSY BUYS CARS. PHILADELPHIA, January 25 (9 The Pennsylvania Railroad today an- nounced that it had placed orders for 300 standard all-steel 70-foot passenger coaches, 210 standard all-steel 60-foot baggage cars, 20 standard all-steel 70- d” passenger-baggage cars demand | demand | 3.25: Maine, | { 120-pound sacks Green Mountains, U.| ‘Texas. | few ! cholce count, | | Florida, | demand | pony re- for delivery during the present year. In | connection with the order the company announced that a program for the en- | tire eltmination of wooden cars from all | regularly scheduled steam passenger frains over the entire system, including | he seashore excursions, has been dopted. MORE (’AANADA GOLD. NEW YORK, January 25 () Another shipment of $2,200.000 fn gold | came from Canada today to the Tutere national - Aceeptance Bank, bringing the total Inflow of the metal fo §35.700 - 000 stnce the movement began in e cember. Canada tmported $20,000.000 Kold from the United States trom | dunuary to November, 1927, so that on | the present movement e [\‘H\HHA'H‘ has returned $8,700 000 more g It obtalned from this count months, PRICES ON PARIS BOURSE. | PARIS, January 25 (40 ] Bourse today cent orentes, 67 francs, exel o o London, 124 franes 31y centimes. 8 o | cent loan, 87 francs 90 centimes. The | dollar was quoted at 33 fancs 44 ventimes, X Prices were | Three pey | | . PACKARD EARNINGS UP, 1 NEW YORK, January 25 (4 - Pack- ard Mator Co. earied $6.810 904, atier | all charges, i the last four months o | 1937 The previous tecord for & stmi- | x“:l. Dertod Was profit of $3.919 413 m’ 25, FEDERAL l.ANl) BANK Bl)N (Quated by Al Brown & Sous ¢ Hate= Maturity N Vg { | FINANCIAL. Established 1814 A Factor of Real Importance | This bank has served the Capital uninterruptedly for over a century— and through good service has attain- ed eminence among the city’s financial institutions, §Such a banking connection offers you prestige as well as practical ad- 3% for Ladies PAID ON National /e Metropolitan Bank 15th Street, Opposite U. S. Treasury OLDEST National Bank in the District of Columbia 114 Years Old v-n-g Special Dept. E ., bl . ol 3 ’ quitable Co-Operative Building Ass’n JOHN JOY EDSON, President WALTER 8. PRATT, Jr., Secretary Organized 18’ 48th YEAR COMPLETED $5,292,042.70 Sprplus. . ..$1,511,115.87 Subscriptions for the 94th Issue of Stock Being Received < $YSTEMATIC $AVINGS In the Equitable Make up your mind to save 32.50 systematically through the SHARE Assets Equitable and stick to it. Our plan has met with the hearty approval of thousands of Washingtonians because it helps them to zc( ahead more quickly. Join today. 915 F St. N.W. Cafl'fnl and Smgu $3,000,000.00 Your Winter Vacation —need not be marred abo gle by 1_arrange TRL T DEPT. to act your General Agent. ling of income. pay xed charges, care of invest- al estate, ete. Ask < =er\':e—no obli- Travelers' Checks, Letters of Credit and Foreign Drafts Natlonal Savings & Trust Co. 62nd The Oldest Savings Institution in the District of Columbia Year Cor. 15th and New York Ave. The Advantages of Diversified Investments. . .. th are well known to the exp and ould be caref died by investors not thoroug with financial transactior stitution is able to offer st fication at t! desi is time, in vestment cks with a yield of per tractive Bonds yielding 6% annum, 3 Invest per annum, ete. Call, Write or Telephone for Informative Circulars C. E MORAN & CO., Inc. Tnvestment Bankers 1716 H Street Northwest GREAT FORTUNES are great, in amounts and in- fluence, bee they were small gt ause—when Land only start grow—their pos first thought to safety, ing thought of profit to take N second place. In our 6°, FIRST MORTGAGES the vield is wit! But not of & Cendry certamty sat- ot @ isfactory, sential the major es- 1ai) ) is Lacking—these mortgages, considered as ine vestments, are fu and absolutely sate. SAUL CO. 023 nd ndamentally B. F Main 2100 13th St NOW, FHERE 18 NO SUBSTITUTE FOR SAFRTY