Evening Star Newspaper, February 1, 1928, Page 14

FINANCIAL.® Mortgage Money Loaned at Low Interest Rates Kconomie Conditions Tyler & Rutherford Mouy to Lonn Soncgh L 0 le Security Salesman ].‘ selling business vestment manent position, opportunity. Address Box 378-Z, Star Office real ent -u mm ssion, Wide. Win ml e capable of highest class of men, to sell in- securities; per- unlimited perienced, SALESMAN Prominent New York. Philadel whia wnd Baltimere Investment ond Hoase. has an onening for & harge of its Wash- ington Territors. We participate in approvimately 250 favaes annually. mans of our awn oricination. all of them hich n Revlies. in atrict should be addressed 1 Box 423-B, Star Office Stocks and Taxes The District of Columbia Intangi- ble Tax amounts to $5 on each $1,000 invested. Stocks of Washington Corpora- tions are exempt from this tax, yet they cost no more than si stocks to out-of-tewn corporations. which are subject to the tax. Before investing consider the long list of Stocks and Bonds quoted daily on the Washington Stock Exchange. We Specialize in Securities of Washington Corporations Y. E. BOOKER & CO. Investment Bankers 1508 H Street Members Washington Stock Exchange Direct Wire to New York (Cleveland, Cincinnati, Chicago & St. Louis Railway Co.) Refunding and Improvernent Mortgage ¢44's, Series E Av net income for five yu.:g:ppliuble to fixed charges 2.24 times such charges. Mortgage coversas a direct lien 1695 miles of railroad, in addition to leases, contracts, and trackage rights. Price at the Market toyield about 4.45% Call or selephone for circular W STRAUS & CO 929 FIFTEENTH STREET INSURED Mortgage Bonds The diversified security of improved home property in the District of Columbia behind Insured Mortgage Bonds appeals 10 conserva. tive investors, As an additional eale- guard Insured Morigage Bonds are guaranteed as 10 pal and interest by Federal Security & Mortgage Company with resources of over $1.000,000, —and unconditionally guar- anteed by the Equitable Surety Company of New York with capital of over $L000.900, under the super- vision of the New York State Insurance Department, Maturities 2 10 10 Years Denominations $500 and §1500 Deferred Payments Arringed MAIL THIS COLPON TODAY Federal Security & Mortgage Co. 112 K Street AW, Woachington, ). €. Viewse send me further . mation regarding Incured Mort case Bonds, Nome Address OTH RESERVE BANK SEES GOOD TRADE 1927 Volume of Business Be- low 1926, but Prospects for 1928 Are Better. BY EDWARD C. STONE. The Federal Reserve Bank of Rich- mond stated today in its yearlv review that while the volume of business in | 1927 was considerably below the high le\el of 1926, the outlook for 1928 is as good, if not better, than it was a year ago. Agricultural production in the fifth district during 1927, the bank’s report says, was greater than in 1926 in spite of reduced yields in cotton. fruits and some minor crops. The report adds that there were 170 more commercial failures in 1927 than in the previous vear. the total being 1.611, while the liabilities involved were | more than $13,000,000 greater, reaching $41.835.046. Cotton consumption was greater al- though there was less cotion grown, and tobacco grown in the district was nearly 100 million pounds greater than in 1926. The 1927 crops were grown more economically than in 1926, thereby returning larger profits. Department Store Sales Totals. | ‘The total sales in 30 department ments was less the past vear than in| 1926, the figures show. The retail sales, | as.reported by the department stores, amounted to $104,623.753. against $106.- 509.127 in 1926: the wholesalers. re- porting in six lines, reported $84,998.657 worth of goods sold in 1927, and $86.~ 692,171 the previous year. Building permits and their value fell off considerably. In 1927 19.256 per- mits were issued for new work in the 29 listed cities of the fifth district, while in 1926 the number was 21.763. The value in 1927 was $113.813.707, against $416.801.400 for the previous year. Plans have been made for much new construction work in 1828, and if these plans mature the present unemploy- ment situation will be quickly relieved. {In the textile industry it now appears that the outlook is considerably better than it was at this time last year. The banks of the district are in po- sition to care for all legitimate credit needs that seem likely to develop. Railway Common at New High Today. ‘Washington Railway & Electric com- mon scored a new high mark for the year today by selling fractionally higher at 465%;. The same company's pre- ferred slack sold at 103. Capital Trac- tion was also strong. selling at 114, its recent top, the day's sales reaching 70 _shares. Union Trust Co. stock likewise made an advance to new ground, nine shares changing hands at 310!4. American Security & Trust was the only other bank stock out, 25 shares moving at 450 per share, Lanston sold at 109 and Mergen- thaler at 108%. Fifty shares of Barber & Ross common sold at 34. Columbia Sand & Gravel opened at 103°; and closed at 104. In the bond division Washington Gas B bonds reached 100’4. the best price since the issue was listed. wn Peoples Drug Stores preferred went on l.he ex-dividend list today, the reg ular quarterly 2 per cent dividend b-ln. | payable on Pebruary 1 Duniop Enters l-m-l-ee Field. Walter G. Dunlop has been appointed an agent of the Fidelity & Casualty Co. of New York and wil} have his office in the Colorado Building. Mr. Dunlop will | handle all of the lines of insurance and the various forms of fidelity and surety bonds wtitten by the company. and also do a general insurance busi- ess. Mr. Dunlop graduated from Prince- ton in 1909 and received his law degree rom George Washington Unl\'ernty {in 1912 After Ieaving Princeton he as connected with the. Union Trust { Co. of this city for several years. leav- ing there to become secretarv treasurer of the Terminal Taxi Cab Co. which was afterward absorbed by. the Yefow Cab Co.. the latter being taken over by the Black & White Co. last May. The Washington branch office of the | Pidelity khf.mlfl!ylco ht‘n the Wilkins been for t pul 17 years | under the direction of E K. Legg, jr.. resident manager. This office super- { | Made Morris fllll Vice President. Begtram Chesterman, president of the Morris Plan Bank of Washington, an- inces the election of Williard G. Bar- | years. He is a banker of thorough ex- and has rendered valuable | service in the capacity of treasurer. H's advahcement g the office of yice presi- | dent in addition to his duties as treas- | urer is considered a well deseryed pro- motion. Heard in Financial Distriet. | Peter A. Drury. president of the Mer- | |chants Bank & Trust Co.. leaves the | |eity late today for a month's stay in | h';lnnm Mrs. Drury is accompanying | | him. Cornelius de Witt has joined the sales | department of Irving & Johnson, deal- | ers in investment securities, located in the Woodward Buflding, and _corre- | | spondents for Bpencer Trask & Co | "E. P. Albee has been slected president stores and in 83 wholesale establish- | 4] | Bouh Fisheries. THE EVENING STAR, WASHINGTON, D._C, NEW..YORK STOCK EXCHANGE Oven AbItibl Powr(5). 162 Abr&Stras 1%pf 112 Adams Exp (8). 270 Adv Ruuiley. 13 Adv Rumley pf. 387k Abumade Lesd. 3 Air Reductn(17) 185 AJax KRubber.... 13% Alaska Junea. .. Albany Papri2) Albny Pap pfi7) Allied Chem (6) Allis Chaim (6). Ammal Leuther. . Anal Leathes pf Amerada 12)... Am Agricul Chm Am AgriCh pf.. Am Bauk N(13). Am Bk N pf (3). Am Be A tHigh Low. Close 182 160 16 1z 112 270 ¥ 13% 2 281y 107% 1074 165's 154ty L6n 116 107 164'y 116% 16' 17% 47 16% 60 Tot Am Brown Bov. Am Biown Bo pt Aw Cun (2), AmCar&kFay(6). Am Chain f (7) A Chicle (3).. A Drug (3¢, A Express (6). Am & Fot Fow.. Ao Lo pfid) Am Hide & Lea. Am Hide & L pf. A Ho P (240). A lce(iilz) A lce pt (6 Aw Luternatiz) Al LaF1&Fodm Al Liuseed. ... A Linseed pf.. Al Locowotis). Agn Loco pfe7). Mletals (3).. Meta Am Plano. 109 1000 101 Tl G 14 179 e 10p'y 3 e iy Expié).. A Liepublic. .. Am Safe uz(4). Awm Seating (). Aw Sp & Com. A Swmeltingd) AmS& Kpud), A SUIL pI 8). A SU Fays (3) A SU Ky i) Am Suzar(9)... A Sugar piti). Al Sutiatia. ... Am Lel & Leiy) [EUPT iy iy 19 o 16aly 107w 1iahy 115 1121 A124 Dila b 104'5 104 2w i o4 o4 1ot lok A Tovaccvd). A 1ovgucuss) A Tovag pris). Am Lype piei). AW waklel) AmW W IsLpLs) A Wovlen. . At Wovieu pt. At Writ Pacufs Al Zing Aw Aluc pr Auacouda 3). .. Arco-Lan pt (7) ArOUI VLA ) Arwout vl Arwoyr 11 pIi) Aruvid Con & Lo Art Metal (1%). Assu Lry Giiig) As20 DG ISt (8) Ass0 UM Z).aes Alchisvn (11v).. AT&Santeleits. AuLoast Luliv) AU GUIr & Wi AUl Kehuing (4 Allas Fow pI (v) Allas Tack..... Austiu-Nichols. Austiu-Nich pf.. AUty Sares..... AutoSates piid) Aulusliap 4 13). Ballo& U (6)... 18 & AL ($%) ung & Ar pIoi) Bk Cowelce 118, saruet Leather. Barusdi Aw:n) sayuk Cigar Bayuk Lst pl Beacou VIl Beechnul ¢ Belding Bros.2) Belg Kys praiz, Deal & v 130 ee Uelnichew Steel Bets SU pLad).. Biovmingdal Blumentnal pt.. Buu Auwi C1 A4) JEIEN JLISN 1in'y 1125 ob%n 104 1z oi 1 1o R ) 134t 1o3% Ldos St s Bl 1bota 135ts 183 4zl 44 ezl W7 1oi 168 Wi 10w 1 16 a4k o b 84 34l e Y Wbe i Bt 0% 4oin 4ok 1131 113% 113 Tole b b 11242 1233 112% 007 o0l odi 48 0aty 48 4 Zote 21 120t 12 1us's 108's Lus's 10t 1oty 16 YR T e 1y dvi S ° s4% ¥ Botuny C MilisA Borden itk (6). Buston & Muin BrigEs Mig L British kmp Briush Emp Ist Lritish faup 2d. Lklyu-Edison (8 Bkiyu-Mau 4). Vs 1d'a 1687 16 9N 0w azt o 4n'y 100 “ud oY% Dbl zzh ol 4% 400 dola 12 10n ~sdn 280 oUls DY ve'y Bkiyn-Mau piis, BKiyn Un Gasb, Browushoetz s ) Bru: i Bucyrus-Erie (1) Bucyrusey (2%) BultéSusy pt (4. Burroughsii4). Bush Tern (g2), Bush Ter de 7). Bush Trm v (1) Butte Cop & Z... Bulle&Super(2) Byer & Co. . Byer & Copf ( By-Products () Calif Packg (4). Calf Petm (1).. Caliatian Zing. . . Calumet & Art6, Calu & Hecla (2) Canbry G Aleid) au Pacific (10). Ceut Alloy (2).. Ceut Alloy vf (7 Ceatury #1b M., Cero dw Fascuid) % sbte uble ble BU 48 ids viba bl L 1 1oy 108% 11i% Li8% 117% e 4l 4w 10k 104 100 1lm 112% 1093 1n 1110 110t EN aly b bU'e i4a 1114 Wi W 206 207 208k B0% B0% S0 110 110 110 12 12 12 bile 80 110k 12 vhh bl o' To hes & UBIOLIVY C&UCorpn (3). {Chia Alwn. ... & Ao pf. . & KBant 111, Chi a Kamt 111 p ChiGreat W of the Keith-Albee-Orpheum Corpora- |tion, Marcus Helman, executive vice | president, and John J. Murdock, vice | president and general m: Leh- | | man Brothers are offering $10.000,000 | lof its 7 per cent cumulative preferred at $101 and accrued dividend The Fox Film Corporation is offering holders of class A and B stock of rec- | ord February 10 rights w subscribe at ufl & share 1o 125000 shares of new | | eluss A stock. one share of new for | {each four held | W W Bpuid and several other Wash- | Inglon bankers are now expecting 1o |lake the trip o Montauk Point, Long | | Island, at the week end and look over the resort with a view o its uvatlability as place for the next District Bankers' | Association convention, SHORT-TERM SECURITIES. VRenurted Uy 3 & W Selikuian & o I MIASUP pf. CM&sPals., C M&SU” pf cfs. Chi& Nwn4). Chy i'ne Too1 (6) Chi Huck 18 (b, R L& P ot (8) N yellow (). 188% 1380 1do'e 1o 110 dow 102 10204 102% 4l 41l 40 a7 48 4% ChileCo i) v Chrmi 8 (1 Chrysler wab) (6). o (b). olinm & Aki4) ||m'. ln s 100% Collinsa A pfe1) 107% 1070 107 Cot Kuel & Iron. s Bl Col & Bouthn (3) 112 112 Colo Bou 1et (4) 7 420 T (4) o kb tustt C 160 it bl 151 16l 67% v Bl Bl 2b% 2 T rifte I 126% 12 102 1o W 0 P 6% G2 i w2y LY V2ot 12 1z 0z 0 it Bty Consul Teatile. . Cont uki A 14) Iaking I8 [ at Kk uf (B). Ui . | Comt Canas) LI Cam Mon i i 0 Corm Pron (V). ba 0 OKis Vi LA 18R L, 156 187 (an MY Wb 0l o8 i “ LI‘ | by 1At Wty Cuban Am s i1y 2 Caban Amopfii) Culobg by 14), s W, " Onen, 617y 427 Curtlss Aero....' Davison Chem. . Deere&Co pf(7). Del & Hud (8) Del L& W (7). Detroit kd (8).. oe & Riz40) Devoe& R 1st(7) 114 Diamond M (19), 147% Dodge Bros CI A" 201 Dodge vf (7).. 2% Dome Mines (1). 1%y Dul SS& Atlan. 4 Dul SS& Atlpf. 6% Dunhill Int (4). 62% DuPont deNc(10) 315 Duguesne of (7) 116% Eastman (18)... 164% Eastmac pf (7). 129% kiaton Axle 12). 27 Eisenlohr & Bro. 16% Elec Auto L(§). 109 Electric Buat. 13% Klec Powt & Lt, 3 Elec P& Lt pr 1) 1071 keratn 12% Elec Stor Bati6) 71 Em-Brantgm(A) & knd-John (5)... Euuit Bldg (7).. 103% Erie Istpf.. Erie Stm § Erie Stm S pf(7) l] 1 Eureka V (713). 74 Fed Ligtthl 40), 53 Fed L&T pf (6). 104", Fed MotT(f8ve). 197 id Phoe Inst5). 205 Kirst NatSe1ly) .H Eisk Rubber Fisk Ist pf ( Fleischmann, . Fouudauon Co.. Fox Film A (4). Freeport (73).. 102 Fuller GA pr pfd 107 GabnelSub(3 ) 23! Gardner Mlotor.. 134 Gen Am Tuki4). ‘63% Gen ATC pf (7). 110'n Gen Asphalt.... 8% Gen Bakg pr(8) IKI' Gen Cable Acd), Gel Gen Elec (158)... Genkles spisuc) 117 Gen Motors 15). 153 Gen SloLpE i), 124% Gen Vutur Ad( 'y 5% Reirac (39, -d' Gimbi Br pf(1). Gl.dden Co..... ' Glidden pr pf(7) 97ia Goid Dust (3)... i Goodrich Ru (4) 93 (.MHCIIRIIII ris Grabam-Paige. . Granby Con Alin 404y Grt North pf (5) ol Gt Nor pfefs(3) Grt Nor U (13). gn Wes S(2.50) 194 Guantanamo Sug Gulf Mo & Nor.. Gulf States Steel Gulf Sta 1st(7). Hacknyk W(1%) Hack W pt(1%). Hanua Lt pt... Hrtu 8010 %8tk Hershey Corp, Liershey ut.. Hershy ur pf(6) Hoe & CoA..... tollander & Son Household (14). Houstun LI Howe Sound Hud Man (2%). Hudson Mot 16), Hupp Mot(1.40) iliinots Cen (1), 111 Cent pf (8) 53 52 10913 26 a0 il 8% 31 7% 101% 82 65 1404 o Indian Mot (134) tndian Mot pf(7) luzl. Indian :ndlan Refg ctfs Inland St (214). inspiration Copr InterboroRapTr. tntcontl Rubt1) int Bus Ma (5)., int Cement (4)., int Com Eng 12) 1nt Comb pf (7). int Harv (j6). IntMtch bf(320) 103 int Mer Mur pf. Int Nickel (2)... u7i InUl Paper(z.4v) 72 int Paper pf (1) 1074 Int Ry CA pti5). 30l Int Tel & Tel (6) l46% Inteityvectitg) . 36 Jowel Tea...... »6 Jewel Tea pr(7). 121 Jones Bros Tew. 57 Jones & Lau 7). 121% dan Mot 10% KCP& L 18t (7). 115% han City South. 57 Kay orJ ‘) Kinney vf (8)... KrartCh (1 115) Kresge (11.60)., Kresge S8 br(y) resge Dept S.. Kresse DS pf . K SH) ). hroger Uro&Bak v L 70 115% | Laclede Gan (12) Lako VIl (T6¢) .. Lambert Cot). . Lee Tire & Rub.' LehighVal(3h) woi Lehn & Fink(d). 41 LikK & Myersc4) 117 e Nuv (L8U). abs Boy 117y, it Khon 204 Incrd). bde Long-Bell(A).. Loose- Wiltl ep) LorillardCo, ... Lorillard pf (7). 113t Louisiana Ull. [ LouistianA(1.75) Rt Louls & Nash(7) 149' Ludium Sleel(2) 30% M rA & KF(2.80), B0 ory (1.68). ~d Mcuory B LS AeY Muck Truck (8) 104 M \ ab% 7% 4 By Gr (1) 3. Mundel 124, Man Kl Sup (b)), Mun ki m g (45) Murucaibo Ol . Market Bireet ity any 6% Mid-Cont pf (7). 10y Midsdlo dtaten... 4 Mid Suates LIl ot Midland peorid) Millsr tubber. . MiIn st PEHBM ., MWL PSRN uf anmsn iy Pao pf. 1104 Pow 16 Moon Mulor. . Mother L tbfe). Motor Mel (3.60) Motor Whi (3). . Muiline Mfy. LY) wite Nash & Chat (1) Bash Mot c1aty) 816 1164 Y 107% 1214 T 9in 108% 1054 89w 60 36 wi'e Low 61%n 42'% 115% Cln-a 42" 1414 53 524 1094 1064y 4 4 T o o w1 B0 Y (£4) . Lawy it EL (71N a0 N 1RS' 0 Received by Private Wire Diract to The Star Office o Oven. Hizh 13% 13% 59 60%a 177 5! % INll Aeme ( Nat Bellas H Nat Biscuit (6). t Cash R(A)3 Nat Dept Stores NatDStist (7). Nar Distiller: Nat Distlllers v! Nat Radfator Nat Rad pf(7). Nat Ry Mex 2d Nat Supply (16). Nevada C1%4). N Y Alr Br (3). N Y Cent (8)... NY C&StL(6).. N Y CStL pf(6) N Y & Lack (7). NY'NH & Hart. NY NH&H vf(7) NY Ont & Westn Y Ratlways pf Y Steam of (6) Norfolk South. . Norfolk & W (8) NorAm b1y % stk North Pac (5).. Nor Pac cfsis). Norwalk Tire Nunnally Co. Ol Weli Sup... Oil Well S pt omnibus. . Omnibus pf (8). Urpheum Cir Ouis Steel. .. Otis Stl prior(7), Owens Bot (c14) Pacific Gas (2) Pac Uil Stubs. Pac Tel & Te! Packard Moti2) Pan-Am Pet (B). Pan-Am West B, Fanhaudle. ..... Parmi-Fam()3). Park & Tilford. . Fark Utsh (3uc) Pathe Exchange Pathe Ex A..... Patino 8 (az.13) Peeriess Motor. Penick & Ford. beno Dix Cmt2) PhilaCos%pt(3) Philag& RC Philip Morris. | Phillips Pet (3). Phoenix Hostery Phoemx pf (7)., Plerce-Arrow pt Pierce UII, . Petrolm. PIUS&W Va(6). Porto Rico Tob. . Porto Rico To B. Fostum (6). Pres StlCar (n). Prod & Refiner PubServ NJ(2). Pub Serv pL(6). Pub SE&U pI(6) Pulima Corpi4), Puita Alex Sug. Pure Oll (30¢)..., Purity BakA3). Purity Bak 8 (2) PurityBak pf(7) Hadio Corp of A. RSIICels (4), Keading Ry (4). Reading 2d (2) Reo Motors(t11). ir & SU (4). Hobt Reis & Co. Ros; Royal Das.13%. St Jos Lead (13) StL&San ¥ (18). StL&Southwn(5) St LSwn pf ). Savage Arms. Schulte (343). Schuiie pf (8 Shell Un (1 4v). Shubert The (3) Summons (1) Sinclair O11 Sinclatr pt Skelly Qi 12), .. Souder Packs Co South Dairies A. South Dairies B. South Pac (8)... Southern Ky (8) South Ry pf t5). SoullyM&O el 4 Spear&Co pf (7) Spicer M SWG&E (3%). SdG& K pf (4) Std Mult (B)..... Std Milig pf (8). StandO Calc2iy) SWOILNI (Tl g) Std OINY(L60) Std Plate Gla Sterlg S Symington : Symingion Cl A. lautoxh (80c). Corpn (3) X Gulf Sul (4) x & Pucitie PC&US x Land Tretn Thateher Mfx.. Thatehr pfed 60) The Fair (2.40). Third Av Tidowater AsUIl | TIdW AsOHUPL8) Tidewater O1l 80 Lunken (15) Tobac Prod (m). Lobac Prod A «1 utd Hisouit UtdCkrs ULd Cigr 8t pr(6) United Lrug (9) Utd Drg 18t (3% UL Fraierbig) USCILPEFOI0) U 8 Alconol (), U N Leuther wi US Leather A, UN Loat i U B lealty (4) U S Nubber..... U S Hub tatt8) U N Smelt (%) i 4@ o 1404 106 [ 'io 1wt uf(8) Unt Pipe & Ru2) ULl &Lt A Vanadium (14), Viok Ui Vietor ° Viotor o uf (§) Viglor ur pf ) Curo Chem. VasCar Che% o1 VaCar Chpfi 1) Vivadou (bi0), . Vuloan Detin. .. Wabash . : Waldort (1) Ward Cl A (8) Ward Haking H Ward Hak of (1) Warner B T o0 'y e 04 WEDNESDAY, Low. Close 13 3 640 129% 110 100% al‘ Ry 47 6T DL UL [ wiv L4 B W ‘FEBRUARY 1. 1928. “||PRESSURE IS FELT ON STOCK MARKET Bidding Up of Specialties at! Last, However, Offsets Profit-taking. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 1.—During the early trading on the Stock Exchange | today the main body of stocks showed | its ability to withstand adverse over- night influences. But after the Inittal | demand had been satisfled pronounced ressure against several of the promi- ?Ient raflway stocks made itself felt in other directions. However, the familiar bidding up of industrial specialties served to offset profit-taking elsewhere. It was a decidedly mixed market, with the tendency toward the close un- certain. The late leaders on the side of advance were General Cigar, Peo- ple’'s Gas of Chicago and Transue & ! Wliliams. Diamond Match, on running sales, advanced from 154 to 160, as against the previous final of 148. It is some time since so many un- favorable corporation reports have been published as today. They came from the iron and steel trade, from the oil industry and from equipment com- panies and were supplemented by tne final statements of a few of the rail- roads. Oils Are Depressed. Except in the ofls, stocks unsettled by the reduction yesterday of the Pure Ofl dividend and the very uloumy pic- ture presented today in the Marland Oil report for 1927. none of last year's results had_any effect. On the other hand, the January preliminary figures of the merchandising concerns like Montgomery Ward and Sears-Roebuck indicated "“the excellent purchasing power of the agricultural Histricts and the promise of higher earnings’ this year on the stocks of the ‘wo com- panies. Their shares accordingly re- sponded. <The attitude of Wall Street toward the December quarter figures of Unitea States Steel Corporation was typica!| of the period since last September of rising market prices and of falling in- dustrial and railroad profits. Less was earned in the last quarter than had been expected, but traders based their commitments today on the improve- ment in the industry since the end of December and the firmer price situation. The increased production in January by several of the large manufacturers of automobiles offset the indications of a year of small unsatisfactory net re- | turns reflected in the report of Dodge | rothers and recent dividend reductions | by some of the smaller companies. Specialties the Fashion. It was a market in which | specialties were the fashion. A list of 'm included National Cash Register *A,"” Cudahy Packing, Green Cananea Texas and Pacific, General Railway Sig- ul National Biscuit, Union Bag and Paper, Timken Roller Bearing and Pukud. with the high priced utilities ding most of the ground that they na%hu:neu during the week. | was little evidence that the| reduction in the renewal rate of money | to 417 per cent from 5 per cent yes- terday was a factor in any of these | movements. They are in most cases| based on the abundant capital in the Talsts, ¥ho are. Dicking oul WAt ey ts, who are Wl ey believe to be nu‘;cme stocks in small floating supply, and one by one uddm them up without regard to their prlca history or to the return which the: dcnreu this issue, the element favoring lower prices in railway shares generally made further progress on the selling side of Norfolk & Western. New York Central, Missouri Pacific, Erie and a | number of others. The motors resisted the selling better than most other groups. . BUYS GROUP INSURANCE. NEW YORK, PFebruary 1 (®.—Life insurance ting $12.000,000 has | been made available by Tide Wate: | Oil Co.. to its 6,500 men and women ' employes at a cost Lo them of 50 cents | a month, per $1,000. The company will pay the balance of lhe premium. FEDERAL [.AID BANK BONDS. 1Q0tad Ly Alex Brown & Nons Uloming | Rate—Matu:ity 3 R: 1041 i FOREIGN EXCHANGE. (Quotations furnished he W. B Hinbe & Co) | Londan, Nontrost. oltar. Paria. tram Stockholm crown -Quin(2) n Bros(4) renist pfi3) F&Pive Cou W Penn El pf(6) W Penn El of (7 West P Po (8)., Weat P Po pfi(7) \Western Dairv B R 1694 13 t Md 2d of. t Pacifie. tn Pacifio pf t Unton 18) \\hul & L Kute. White Mat (2) White New Mach White 8\ pfie) Willys-Overland Willys-0d bt (1) Wilson & Co. ... Wilson Co bf A, Wilson & Co uf. Woolworth (8), Worthn Pump. . Worth Pump (A Worth Pump (8 Wrikht Aeracl) Wrigley 11314) Yellow Teuek. .. Traco prt) NSt SReBY 100N 100k 0w Hourly Snies nn N. V. Murket, tom. .t iy idend o e wal ab conimon Loans on Real Estate 3,5 or 10 Years WE BELIEVE OUR ECONOMICAL PLAN OF MAKING LOANS WILL APPEAL TO YOU. Residences, Apartments and 3uine.s Prop- erties in the District, and nearby Montgomery BOSSEEPHELPS LOAN Corresvondent 20hn Hancork Wutual Life Insurance Co. 1417 K St Main 9300 SPECIAL DEPT. FOR LADIES TRUST DEPT. OLDEST Natl. Bank in District of Columbia —ior the speciat con- venience oi the many’ iepartmental emploves and others whe are va- trons of OUR SA\- INGS DEPT *Oune Dollar or more will open a sa\mgs ac- count. —114 Years Old National » Metropolitan Bank Cavital Surplus and Undivided Profite Over 2 00000400 15th St., Opposite U. S. Treuury COMPOUND INTEREST PAID ON SAVINGS JOHN JOY EBSO\L President WALTER S. PRATT. Jri Secretary Organized 1 43th YEAR COMPLETED ........... $3.292,042. Surplus SL51L.115.87 Sfllmnph-l br the 94!]1 Issue of Stock Being Received — Join the Equitable— Save Systematically Thousands of thrifty \Vashing- tonians are saving regfllaflf"@ the Equitable. ~Come in and Hate ws explain sy stematic T plan our plan APPLICATIONS INVITED for LOANS on . : IMPROVED PROPERTY " Located in the District of Columbia and adiacent Suburbs of Montgomery and Prince Georges Counties, Md. 5%2% INTEREST 3 Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 8100 Main 210 The Rock of Gibralta has long been accepted as a safetv. I the field of investments the conservative First tgage holds similar \Ll:u!u:g. It is in fact—as \\eh as i svmbol—the bedrack tv. Our svmbol of dependabt Quer @ Thivd of a FIRST MORTGAGES Centwry B 2 A R offer a satety of principal t cannot be disturbed and a regu- lar retarn of interest earhings that cannot tar SAUL CO. 023 13th St B. F W FHERE I8N NO SURSTITURE FOR - NAERPRY