Evening Star Newspaper, February 1, 1928, Page 15

FINANCIAL. Wfl‘ WHI \d ANNUAL - st of Conumbia. L the president Houre Co. Inc. of the Didrict of 09 nerel ceriityihat ihe amownt o . A arrorsiin o the TR, “"‘3' O etier A D 1527 was a8 fol- Jow thorized caital $160.000.00 by i in. 66 frovariian of o2 il paidin Sl s and 31 2 Fristine debta secured and uo- THE E G :STAR, Raeceived by Private Wire Direct to The Star Office es. fib3%s... 34 10123 fl Sug East Or T Quotations to 2:35 p.m.~Final Quotations in 5:30 Edition. UNITED STATES. (Sales are la $1.000.0 Slltl mn Low. 2:38. 1 100% 100% 100% ‘oledo Edn lgz% lflflh USRubistrt ~WASHINGTON, D. €., WEDNESDAY, FEBRUARY 1. 1928 % NTEREST CENTERS | (o vome_BONDS oo s || ARGER RECEIPTS - |IONES BLL VOTE INTRAGTION BONDS SENDEGRS DOWN] ISAID TOFARMER FINANCIATL, B., C. & A. HAS DEFICIT. Larger Loss Than in 1926 Shown by Pennsy Subsidiary. Special Dispatch 10 The Star. BALTIMORE, Pebruary 1.—A deficit of $161560 is reported by the Balti- more Chesapeake & Atlantic Rail- way, & subsidiary of the Pennsylvania | SALES RECORDS SET.- | Chicag: Auto Show Also Shatter- | in;- Attendance Mark. CHICAGQ February 1 (). — Auto | sales records i+t the twenty-eighth an- | nual automobile show Kere are setting new high marks, #=alerz and exhibitors . 143.138.00 247.800.00 lM\ 108% e Product Foreseen by D. C. 108% e Wholesalers. 102% 101 1081 10013 103 23 10217 10756 110 to 8. A. »ifles, general manager of the show, today. Attendance records, too, are being shat.sved daily. Liblistdle 4 Lib3deys 17 Lib 4th 4% 94 US 33 43-¢ 3 US3%s... 115 1075 US4s 1044 50 110 FOREIGN. Sales. nun“;aam ‘.m)& Argentine 65 Ju 59. 14 100% Arf.nl'nl 6sOct59 2 100 100 100 Argentine 6s A. 101 101 101 Argentine s B. 2 99% Australia 58 195 98 Australia b8 1967, 97% Austria T 103% Bank of Chile 6% Belgium 6s Belgium 8% Belgium 7s 1955 Belgium 78 19 Belglum 7% Belgtum 8s. Bolivia 8= Bordeaus 6: Braz!l 615s. Brazil 1s. Brazil 8s. Bremen. Stal Buenos Alies Buenos Aires 7s Canada 8s 1931. Canada 68 195: Canada 5% 1 Chile 78 1;0:. Further Declines in Hennery|Growers Board Has Done Much to Market Surplus. Convinoed _ Ship| il S gt o 1 2.5 7. compared with 1 : M: revenues nwl then;eu 0:::‘ Walter P. Chrysler wedlcud that by 381, an increase of $39,0 | 1935 the “United States wili have v Demm showed a deficit of sfl 656. ! its streets from 30 to 50 million regis- This was an increased defieit of $11.729 | tered vehicles.” compared with December, 1926. Gross | o o g SOFT COAL OUTPUT. es for ,602, & decrease of $3,259. - | PLEWmYORK. Pbb‘dmbnury lfl’:;’;—?r!ng | preliminary car g s, e PIG IRON HIGHER. . | National Coal Association estimates NEW YORK, Pebruary 1 (#).—Pig | production of bituminous coal for the South were mdlnctly Tesponsible for | iron is 50 cents a ton higher, ranging | week ended January 28 as slightly e e et | o timss i enge, ety Siec | for - the previous weok. was put. marine bill, which retai: new or e previous weel current receipts, fresh selected, 42 and | pog g’ eonulryflw'le’rn’lx;e:l?cfl:{ % | Trade reports. 4 1 9,729,000 tons by the Bureau of Mines, 3 ::nun-n: mfl stock, ‘.L:.“?.h? wishes, ac ng to the opinion (e - | subject to revision. cen! il ressed by prominent shipping men AM; ICLE CO. | .- further ..flecud before | here m::ymm [ERICAN CHICLE NEW ENGLAND PHONE. Rece! ys of the country, the| NEW YORK, Pebruary 1 (). American Chicle Co. earned $6.7! NEW YORK, Pebruary 1 (#).—Net e of New England Telephone Co. | | and meat prices Te-!shipping men added, showed that the | Only falrly good sup- | farmers were convinced the board had in 1927, compared with $5.75 a |incom . hare in 1926. Good will, tesn md](or 1927 rose to $9,704,095, equivalent $: main w plies of vegetables aré being received | done much to assist in the mnrket!n; ts from Florids and and straW- of the exportable surplus trade marks were reduced 400,000 | to $8.77 a share, from $9.174,300, or ht ntes from $5,000,000 the year bel ' $8.29 a share, in 1826. Some Other Utilities and Met- al Securities Meet Strong Market. Yalue of huilding 5 of furniture and E 10217 Warner Sug 7s 41 West Klec b WestInghouse 58, T '6F0. W ROBINSON. M-m»m USBROLL CICERO A LEE. 3 Secretary. Yngstn S&T bs w.l. 50 RAILROAD. 4 92% 53 Dealers today reported lower prices 3,‘:: $9i for eggs. Increased receipt of the pro- duct of the hennery yesterday and to- day was given as the reason for the change in prices. A price of 40 cents was reported for | the BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, Pebruary 1.—The farm- ers of the Middle West, the Northwest, the intermountain country and the BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, February 1.—Strong market for all of the local tractlon { bonds, as well as for the issues of some ,ot the out-of-town public utilities, and a resumption of demand in the metal securities were the main features of to- s session. That Tam dhe Tremdent ot ‘the Tn the foregoing report by > that T have read the said re- o pacta atated (o be frue BO. W. ROBINSON Sahscrited 31at dav of Ja hand and nota . SUSTE A BLACKWELL c. | - The tractions are moving regardless of the poor earnings being shown. New York railways income 6s touched 18, an overnight gain ot 1% points, and of 2'; points since they :umd to ad- . ‘Third Avenue 5s 1 29 12 12 29 1 29 10 20 MOKTGAGE LOANS ANY AMOUNT Seclired hv real estate in D C. nearby Nd. and Va. Prevafling interest and Commission B&DSW hs 50, 2 B & O Toledo 6 Bang& Aroos 43 51 7 BkiynElevated 6% 4 Bkivn Manhat 6s..108 Buff R& Pltt4%s. 1 Can Nat 4158 57... 15 Texas, !mmm(m!uumuno the holding down of ocean frei mu plentiful. Moreover, it ‘h fresly -ssened! b 0?1'! d ness men of some of the ang Today's Wholesale Prices. South Atlantic cities that ports had Tutter—One wwu, 50a81; 42843, 40 | compares with a low for the year of 70. . ‘ Brooklyn Union Gas Up. % 1st Trust Loans . | .o ] 102% . .; 107 101 1115 100%, 107% 107% A 116k 100% 97 107 100t 1031 Y9% 100% 4 1024 107 101% 101% 1% 110% 1017 49 96% 1004 103% 1054 been developed as & result of the move- tuo, 47a48'2; mre ments of 8| ng vessels which otherwise would have been neglected by? pflvnu shipping interests. ’ Holds Costs Down. Strong emphasis is placed not only on the amount of freight carried in Shi ping Board vessels, but on the efl which the reserve fleet has had on ocean freights. But for the competi- tive menace of the large number of S| inrg Board vessels that could be to commission, advocates of the | d say, ocean freights would have ted and costs of exports would farmers would have been cut to Fruit and Vegetable Icv:“' aa bone. Today's market report on fruits a Commissioning of but a few addition- vegetlfies compiled by the Market, al vessels in world trade is sufficient to News Service Bureau o( Atflflllli\ll'lllovemt the balance and affect rates. [Economics, Says: ‘This was pointed out today by one large Apples—Supplies moderate; demand | shipping man, who himself operates two moaerate, market steady; barrels, Penn- | routes of 8hi ipping Board vessels. The sylvania, U. Shipping Board, under a congression- Vi al appropriation, is expected to put into commission 10 additional vessels to help the soft coal men dispose of their sur- plus coal abroad. These vessels, he continued, will carry | coal abroad but will seek other cargo Brooklyn Union Gas continued to ad- Any Amount wtth the stock and ‘at one time wed & rise of 313 points. The new D. C. and Montgomery County Large Construction Projects iladelphia Co. 5s have been very FRED T. NESBIT l pular and today were a point above ® Vermont Ave. The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County. Md,, for 3, 5 or 10 year terms on your Apply RAarNDALL H. HAGNER & ' COMPANY incorporated MorTGAGE LoAN CORRESPONDENT 1321 Connecticut Ave. Telephone. Main 9700 Can Pac 4%s46... Car Clinch&O 6s 52 Centof Ga6s..... Central Pacitic 4 Cent Pac 1st 6s 90, Chesa Corp 6s wi.. Ches & Ocv 4%s.. Ches & O gnalys.. Chi & Alton 3s, CB&Q4%sTT Chi B& Q 1st rf §: CB&Q-Il13%s... CB&Q-liidiv e issue price. North American Edison ed 3;. There was an improve- ment in the tone in all of the new 413 per cent light and power bonds. The metal group became active again. Anglo-Chilean 7s reached a new high above 103. Andes Copper 7s were 1% points higher and Anaconda 7s frac- tionally up. Dodge 6s went above 90 in | sympathy with the strength in Dodge stocks. { The rail market was quiet. The of- | tering u‘u{n:‘ $5,206,000 Alabama Great yicld 415 per cent. brought out the | fact that these Donds have been added Chicago Board of Trade to the legal list in New York State. Stocks and Bonds Bought Will Replace 5s. -‘ They will replace the 5 per cent Sold for Cash or bonds maturing lust December. The hickens, 29830; fowls, 37 T6a17; ducks, 18820; keats, mnm ’NQ 75; old, 36. Dressed turkeys, 42a45 ring chickens, 30a32; roosters, 1 { Christiania Con Pow Japan Copenhagen 5s c Copenhagen 51| Cuba 5%s. Czecho 7% Crecho 8s 1951 Czecho 8= 52 Dantsh Mun! Denmurk 6s. DE15%s Mch 53. DE | 58 Nov 3. Dutch East 1 6s47. Dutch Kast 1 Finland s f 6s Finland 7s. . Framerican ’ '4'- . Wright, Slade & Co. MEMBERS New York Stock Exchange New York Cotton Exchange hams, 20a22; smoked 14al$; strip bacon, 22a23; lard, fl‘i' calves, alive; 16; lambs, alive, 13. CM&StPovéeys, CM&SFPove % s3zcfs CM&StPRn4Ys ICM&StPrfatys. CM&SP rf 4%sct. CM&StPevss... | CM&StP cv bs ofs. | Chi & NW gen 4n. Ch AW W:-zcn. German EI P 6%s. German 7s... mlumore & Ohio first 4s. Ger Am Bank o ‘Araamtine s ot alin go oot f itine 6s, of an gove ::\mr.w and public utility descrip- Brazillan 6%2s, Poland 8s and 12 0 wBa EBReBral~ o> Wi 'mm ; boxes, Washin i ge size, extra fancy ‘Winesaps, 3.75. ; Sumuns 325 extra hncy Delicious, baskets, U. 8. CHURCH LOANS to handie ron- Wearwm o [~ .00; unclassified .75; Pennsylvania U. ;W“; 51 Black | 234 inches up, 22.75. Twc’s‘bue—S‘ upplies moderate; demand fair, mh:‘k::l n::uut'. steady; Dew .lwck. ‘Texas, cl et, round type, 3.25a3.50; WM nnn type, 70. mn. 1% busw hampers, pointed ‘s’nv mm:mmflldm(m'u obsolete, but the Jones - T rlands 6; Netherlands 68 73 _First Mortgage and Construction Loan STEEL & WOOD 18 | Norway 65 19¢4... 10 High Quality — Low Cast iorway 68 1953.... 1 | Orient Dev deb é.. & Paris-Ly-Med 6. Paris-Ly-Med 7 Paris-Orleans 7; Applications Tavited at 52% Glover & Flather 1508 H Sp.-N.W. Main 1753 605—131a STREET, N. W. w light; lunlnd :lo'. Mn Ohb Riode Jan 88 1946, 0. large size, 2. cm.u Riode Jan 88 47 Investment Counsel That Merits Your Confidence Rapid Tran Int Rap Tran 7s. Int & G Nor 1st Int & G Norad &:unfi sacks, Oreen Moun- Bt O 8. o, 1 378, - 0. ; demand rate, : about steady; Texas, Dushel baskets Savoy type, 2.0082.18; 1 2.38. T limited; demand muin about steady: un- 99% afim in New York 99% cuy. 3, fancy count, Mchdee count, zmu. timore, wunl. 5.00; cholce count, 4. originals, 6s, ripes, wrapped, nod ity, slightly decayed, fancy eoint. String beans—S: 9% 105% 103% | LehizhVai con 438 u:a-. ' Louis&Nash uni 43 Le Ro INSL Al e Woodward Swiss 5%s 1946 ; | Swiss Confed ¥s. ‘Toho El Pow 1 severe competition Mfi conditions pn Ionna-no 3,118,721 m-llfl 1.200.000 tons in process of construction. Aneflem nage under construction. however, is 45 per cent less than a year ago, and its total is the smallest nt-nyumennetlhenr STEEL scmm.s.s TP. NEW YORK. Pebruary 1 (#.—Op: erations of lmb:lm of thn United | Cap. Traction i 14, 20 at 114, 20 at 116, ash. R. & E. pr¢~—zs at 103. Unhflm Co.—9 at 110’ Barber & Ross com.—50 a Col. Sand & Gravel p(d—n at 1037%, $ at 104, Lanston Mon.—10 at 109. 46 Uud Kingm §%s i 19 W Uruguay .7 Yokohama €swi.. 9 9% Ubk MISCELLANEOUS. Am AgriCbem 148 27 105% Am Cotton 01l & 100% 102% 102t wb 9% e 106 105% Hmemam RS wma Our unbiased opinion, based on ex- perience. is always available to those seeking information regarding invest- ments. Money Available for FIRST DEED OF TRUST LOANS 6% Reasonable Commission Prompt Replies to Applications JAMES F. SHEA 643 Losisiana Ave. N.W. "B’ . 50 ...S.mu-. 8 few sales; holdovers, Plorida, hampers, green, fair quality tion, 8.00. Pepper Market Firm. Peppers—Supplies light; moderate, market firm: Florida, cnu:whnq 4.0004.50; few Mp.m grs matiet Sghtly weaker: Fiorida. rpper crates, fancy bul. m 3.00; e AN cucumbers—! market. no luypuu on Carrots—Supplies light;: am moderate, market about s baskets muhol. Mob & Ohio ¢%s 17 m Nassau El 43 51 New Or Term 106% NOTexaMm 1081. | NOTex& Mis B, NOT&MS In line with this polic offering a list of diversified stocks and bonds notable for their reasonable yield and absolute safety. v We are now Am Tel & Tel 5%s. Am Writ Paper 6s. Andes Copper 7s. .. Armour&Co 4 %835 Armour Del §13s.. .| Associated O11 63 Barnsdall 63 1940 Bell Tel Pa bs B Bell Tel Pa 58 C. Bethlenemstl pmis Beth Bteel rf bs... Beth Btee! 5158 53, Beth Steel 6s. . Bklyo Unlon 6% s Busb Term Bidg bs Chile Coppes bs. Con Coal Md 1st 68 cent. Two weeks ago ‘nnbuut'louremt. STEEL SHEETS HIGHER. NEW YORK, February 1 (.—Inde- XB3, | pendent steel companies in the Young- stown ?m’mt have mutnuom the Ad'; pll- " mm i ‘vance of $3 a ton on -finished sheets | mnrkec firm; lient; ‘e bas: :o:“llucgll;;nd l!ul ton on wire \ bunched, zso-na. tew h$n c cen! RER ity 4 X (ool Caulifiower- { o0 demand Tt mareet sieady; Gauior-| 8, H. KRESS EARNINGS. 100% nia, pony crates, 1.75a2, | ,r berries—8 | NEW YORK, Pebruary 1 (#.—S. H. Bl% Straw! uppllea lhht demand Py i - 107 light, market about stead 05 refrigerators, )I!uwm 1 966,739 shares of no par common uorl Wby han. Sl T X X 133 e hare o 95 120,000 common shares § glr preferred dividends, in ll]l. et proft rose to $5,080,036 fubty $4.672,952. nmnms triés. CentLS 1 §14n YChI&StL 51484 YChI&SLL s4eB. &St L Your request for further information will receive prompt and courteous attention. C. E. MORAN & CO. Investment Bankers Moran Building 1716 H Street N.W. PUBLIC UTILITY_ 12:x:xr'¥l To) 4, Tl First Mortgage Loans Lowest Rates of interest and Comamssion Thomas J. Fisher & Company, Inc 22222222 - oy BolaaalZtouamnm © gmu I m lettuce, el el 4% 101, 1033 o | Northern Pae r Ure Short L rts Ore Short L bs ;)r. Wash Ist Pennsy| ‘. Cuban Am Sug Pannayinks DetroltiZdison 5 Peniinyl 6tpm xu a 'Z . 'n Penu vi gold 7. > #219 | Cuba Cane New Bond Issues Rarber & Ross. Partor.d Yecns Do Chory Chase Club ) ‘aver e Joint luu Land Bx. be lm | M 4 Moraze % Warbinaa Pan ol s s Fih STOCKS. PUBLIC UTILITY. Amer. Tol. & Telga Camital Tracticn | AN EXTRAORDINARY VALUE 4 SULSs AL, Readin: gen 4348, 110G West ol 4 RTArk & Lety St L IM&S 4 29 SUL IM&S R&G 48 SIL&SFoplnA, SLL&SFbls ., SI L &S Fad) 6 StLASF Inoes. . SUL&SF prin 6 SUL 8 W econ 4s 32, NEW YORK, February 1 (Special). Pe- —Offering s being made w&i w N e, riod Bond & Goodwin and Tucker, Blyth, cogt e s Wikter & Co. American National Co. l‘\mmm:n RO TN Plerce, Fair & Co. and E. H. Rollins oo ot e Cisene ot #12.000.00 | femerel guohai vr.aY % Southern Counties Gas Co.,, of Cali- T & e fl'fl v bo. L ade aulommanaan= Rau o 1 peb. 18 Jan-31 | 18 Ja | E:"E 3 A DESIRABLY LOCATED BUSINESS HOME Hoe & Co 8%s. Humble Ul . . . 3 Tt et T N N Pt e Y fornia and Pacific Lighting Co. first g Contra mnrl' pcr u-nv. |olu bonds, series | Kreace ns 1968, 988, priced at| B . u'/‘, lo yield lhoul ‘M per cent. ure on 4 § e 8 Bt P & KCBNL 4 M Ban A& Arn P gu s and N-nomn;c? u::?‘ao'd‘:;ho?l Am.a.u'tu < :.‘:::t:;l, 1 06,000 Alabama Great Southern Rali- V1 u-'-l.. & walth Waien '8 Beab A L con gold Decemlnr 1, 1uu: “nn bonds are priced BB All Kla 6535 A, Bou Pae ¢s 29 at nl,.. per cent to ma- turity. ‘Texas & Pacific has made applic tion to the Interstate Commerce Com mission for authority to issue $2,805 000 equipment trust certificates to .;;lg. to the Quaranty Trust Co. of New ork. - Jypge ® Raa- s s '1 & Llec. vld. 103 NATIONAL BANKS. ‘luwnn Cavital | Wash | S =nOn -RomaeRtar et us have your applica- tions for LOANS ON REAL ESTATE Kelly-Bpring Lackawann, Laclede U 6%n 62 Ligs & Myers ‘65 Lorillard 58 Loulsv G & £ 6267 Manat Bug of 1%! 934 97 108% ” The first commercial some with a 40-ft. frontage on a 2-way sireel, near intersection of Connecticut dvenue and 1. Strees. Walona) Bank o fl Our record of 35 years TRUNE COMPAFLES for nself 1128 118% 125% 1064 1024 [N L 1014 Yielding 4.20% to 7.% [ atioma Wash Losn & Trusi SAVINGE BANKS Bank of Bethists Commerce & %uvings r deb by Mor's&Co 1st 448, &=5 Property is improved by nululnnlial twos story brick building having 2 stores on the ground floor and an apartment above. LIQUIDATING DIVIDEND. NEW YORK, February 1 @).—A llflllldll dlvldfl\d of $80 a share was lared by Lyman bidis, which 1004 nn acquired by the Whiting hpor 114% | Co., Holyoke, Mass., last November. 100% | payment of $100 a share was M in Du'tmher xS Tol 4 r urw. Unilon V'ao 1at rf Unton Pac 181 4 Un Pac 4y UnionPae 1at re Union Pac av Hark NYTelbudy.. North Am Edis Nor Ohio Tr & L 10 Nor Blates Power 6§ AN ADVANTAGEOUS OFFER FOR PARTY DESIRING A VERY PRODUC- TIVE INVESTMENT. = H FIKE INSURANCE 400 UR February List inclades a diversi- fied selection of sound investments yielding 4.209% te 1.%. lETHLE){El onzmu. NEW YORK, February 1 (#).—Beth- lehem Bteel Corporation announced to- day that its 1928 offering of preferred stock Lo employes, the Nfth offer since the employes' saving and stool l ownership plan was established in 1024, would be at $120 & share. ing price was $107 a share in 1037, “Mn 37,142 employes applied for 71,013 shares. umvu on‘mwu‘u tltm briaw i.lll Panes® vuion TIELE INSURANCE. Mortgage Notes Safe—Conservative hake 40 Years sl Experience surplus funds work for you at the highest nterect rate Fan-Amer Pote 6 Peoplen Gan 68 , on 61 w107 Call Main 2385 for further particulars Business Property Departmen: SUOAI AT NEW LOW. NEW YORK, Pebruary 1 (#).—An- other new low record for the season was «stablithed In the raw sugar market early today, when prices declined 1-32 under Increased offerings. Sales at the decline were 15,000 bags of Ouban to an operator for first half February shipment at 4.30 duty peid. IPhilk )tean C&) 'rmu Arrow 8 your and For 1tie Am Lol 4 Publio Bervice b1is 19 | Publio Bervice 6s . 16 P Berv G Punie Al ore In ‘ List sent upen request Stroud, Kurtz & Co. Tnoorporated. Transportation Bldg., WASHINGTON, D. C. financing homes, and in the sale of tiese securie ties Yotk ou's (1) 100% oho 0hH% 104% 10t 1064 1035 safety Wm. H Saunders Co , Inc BEALTORS Main 1016 1433 K SHANNON & LUCHS, Ine. e it . NEW YORK MARKETS. ® NEW YORK, February 1 (.- barely steady; No. 2 Wester f o b New York, and 120% port, Other articles uncha 8in Pipe Line Huelly O 640, , Sou Bell Tel ba Ko Por tico Buk Houthwest Rell b BB UIINI lyl 108t