Evening Star Newspaper, February 7, 1928, Page 10

Vst s by ¥ INANCIATL.® CHURCH LOANS ooxitlon to handle for Churches and fnstitu ome Main 5611, Commercial Zone First or Second Zone Size 102x150 Choice Northwest Section Near 16th Street Price Very Reasonable Value Enhancement Assured Downtown Corner 6h & N Y. Ave. NW Very Promment Location Ideal for Any Business 80 Sq. Feet STONE & FAIRFAX Main 2424 [ Quick Loans —are not always pos- sible because of the many necessary details involved, but we give prompt consideration to all applications. Loans on real estate in D. C. and vicinity—Lowest In- terest and Commission. invite con- correspond- T d\‘ “THE COMMERCIAL NATIONAL COMPANY ANC) Ps Commercial National Bank Bldg Th and G Sty Preferred Stork and Stock 1 SMALL INVESTORS| Ve secnrities is invested in real te. vers dollar invested should earn my part. fall warticol NAME ADDRESS MUTUAL REALTY CORP. Room 908 Evans Bidg. Washington, D. C. Continental Trust Co. 14th and H Streets Cagital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits T -eign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE L COOPLE. President Capital $1,000,000.00 Unconditionally Guaranteed BHSD e 61,9, 18 SLEED MORITGAGE BOND of b Federal curity Mortgage Com pany only the valety ured by adequste seourity the pres P bt the waconditions! guarsmes thit the gy und iny ir ot and sy ative actually ol ey e princigl tereot i Mot ol e we umcon ditiomnlly guarunteed iy the Foguitalile *, Yk oty npany wider the aperion portment Yk w [ Muturities 2t 10 Yeurs it this Compon TOURY | Federal Security Uhf\mt ag 1412 ’l( Street N.W, WASHINGTON DL (ABITAL & SLEPITS GYLu VAN, 1008 Conn. Ave. || Jd-Up Cash Capital, $700.000.00 SECURITY con. SAVINGS {1518 K Street 0. K.’d—Potomac Land Bank Issue Offered. BY EDWARD C. STONE, | Nctices posted the I five-story building | at ate that the Security Savings & Commercial Bank will oper- te a branch at that location as soon the building is completed. As the | new structure is practically” finished. the banking office will be opened | short The announcement was made follow- { ng granting of permission by the con- | trollor of the currency, J. W. Melntosh, for the operation of the branch, as re- quesied by Julius 1 Peyser. president of the bank. The Security Savings & Commercial officials consider the lo- | cation an especially good one beeanse Of the recent costly and extensive deves lopment of the neighborhood eless counters are {o be one of the teatures of the banking rooms. It | 15 also the intention of the management | to have a very large safe deposit. de- | partment. The bank’s main office 1 at | Ninth and G streets, N. W. Farm Loan Bonds Offcred. | €. F. chilas & Co. offering to- |day $300000 5 per cent tax-exempt Farm Loca bonds of the Potomac Joint Stock Land Bank. Washington. The bonds are dated Jan 1 ane lare offered at 103'. and accrued in- {terest. The Potomac Joint Stock Land Bank has outstanding. $6.000,000 Farm Loan bonds and from the teport of George rris, preside 10 Junuary 1, tb today on now being new is d © about President Ha annual re- atcd the present issue was re- ced from $300.€00 to $300.000 at,thi ime on account of the possil eduction in rates, as the bonds bank have been selling on a 4's por cent basis for some time and it was |stated that the next issue may carry 4 4%: per ceft coupon instead of 5 per cent. Railway Common Soars to 4 hington Railway & Electric com- mon soared to a new all time high on !the local stock exchange today when 120 shares sold at 485 Market observers gave the present merger negotiations between the local | traction lines as the only reason why |the stock should be in such demand at ! that price. The stock pays 7 per cent |The only other local utility stock on |the board that pays the same dividend |is Capital Traction and this stock sold !today at 1147.. the new mark which it | reached last week | _Washington Gas Light stock reached 37 today. these shares also entering new high ground. Lanston sold at 108!,.| and Mergenthaler at 108';. Potomac lectric Power 5'. per cent preferred | was-active at 108',. Merchants Trans. |ter & Storage preferred registered 110, | Sanitary Grocery, Peoples Drug, | 11231, a Sand & Gravel 105, | | _Fifty shares of American Security & | ‘Trus( came out at 450 and Riggs Na- | {tional opened at 504'; and closed at ] 505. The only bond sale was a Wash- | ington Gas “A” at 106. i National Bank Resources Soar. | Resources of national banks o0a De- | | cember 31, were reported today hy Con- troller of the Currency Mclntosh as $28,164.219.000, an mncrease of §950,395.- 009 last year. Loans and discounts. fncluding redis- counts, amounted to $14,831,259.000, an increase of $1.257.984,000 over la r Demand - deposits of $11. 0.009 | showed an increase of $492,612.000 since December, 1926 | Time deposits were reported at $7.- 808.437.000, an increase of $1.274.995.- 000 during the year. Total individual deposits were $19,038.484,000, as com- pared with $18,515.255000 »1 Cetober 10. 1927, Total deposit habiiities were £22.860.003.000. exceeding deposits on December 31, 1926, by $1.996.012,000 The paid in capital stock of the 7,763 reporting assoctations on December 3 1927, was $1.528,509.000, cxceeding 5,000 and $117,786.000, respecty ly, the paid in capital of reporting on October 10, 1927 and Decen 19 [ and undivided profits 5191000 showed also an se of $680.000 since October, and se 01 $150,995,000 in the year. iis business during the past $1.50 ing System Proposed. ator Brookhart has drafted a bill Ing provision for a co-ope | banking system In the United Sta tirely independent from the commercial system. | Under the proposed legislation. pres nt intermediate credit banks would b Inty a co-operative reserve | giving to them all the power Federal Reserve system, — State e banks would be permitted | members of the proposed | Co-operative reserve arnings of capital stock won fimited 0 5 per cent, which £ Brookhart sald, s deemed t be a sonable return’ W the Uny Other earnings w d be distributed by holding one-fourth i surplus and pay ing back the remaming thtee-fourths 1o depositors ers in proportion w th ved by the und | ¢ other Sanitary Grocery Dividends, The Sanitary Grocery Co, Ine declared the regular quarterly divide of $1.6: roshare on the freferred stock payasble March 1 1o stockhoider of record February 19, and the repulir quarterly dividend of 32 o e common stock ayabl 1 1 ders of record The y ary led 81679497 compared with 2695 i the mie month a1y s & gain of 309 per ce wrooery company’s preferied lLsted “on the Washington Change e common o e I « . sk 1 Lite Jnsurance Men to Meet Dintfe Uniderwnters A s WIONTOW evenng beginning 8t 6 15 o'l for the " Wil b Lester O Schipiver ot encies of the Aetia The spenkeris o aduate of Byracuse University, b done a barge wmount of Geld vk i 11926 gecumie IBUCLOr W Ve sl tndpdng depst Unent i the homie oftice e I ger ot Uit presant pusition e 35 B former e ol thie Conpectiont Legiidature ana n et everal o The monthly meeting of the of Coltmbin Lite Yon takes place the City Cub, The speuker n wiation Bocal Financial Jobit At Wadler b Wittt G Austin C. Waller, i 1L 68 e veeontly organized W bing on Winelt Co Thial e Aty Frank 0 Hogan b accep A 1 VIt Ion 46wt my Laastinasteo W0 v oning wsnit banguet of Wk | wtoms Chapter, Anwiiein 1 o W Bonkin wl the Witlard on Baturdiy Fobmiaiy 18 A Howard Morun, Cadimian of Ui legt Committer ol A sayings bank Of the Amierican Waskers’ Ar Vi bwen Dulsding confercier Noten s elected 1 H Vi ol willy fnominen | pankets v i g e BUTTER IS STEADY Febtaary I (A% 8596 10 CHCAGO wrdinery biets, 40, PLANNING BRANCH Institution | erected ! his | tla } ang & Ar pri7) | [ Bush Ter High 103 J Low. Closa 102% 102% 00 Abrahm&Straus. | Adams 15xp (6), Adv Rumley Adv Rumley pf. Ah da Lead. Alr Reductn(17) ber. ... Albany Papre2 Albny Pap pf(7) Allied Chem () Alhed Cmpf (7)) 1081, 109, 155 1haty 128 24 1y Am BK N pf (3). Am Losch. Am Br Shifl. Am Brown Bov. Am Lrown Bo pf Am Chicle (3).. Am Druz (8ve). 1 anza0) 1 Am ¥ Am & | Amaro 1o ey Am Hide & Lea., A Hide & Lopt, | am to P (zav). fa ). | A lce bt (6). [ Am Intermatid | Am Lalr& o Am Linseed. | Am Linseed p i Am Locomoty Am Mch&Idy (2) | 0710 Bit 14 w0 Goin 110% 110 168 16 12y 112t a3 44 16 16 LBy pr(7) L am Metats pr(7) Am Puno 1ator A Ry Expes Am Lepubie A Sate | Sinp & 1R ) St (12).. Su rdys () Sugar (9).. At Sugar pro7) Am Sutiatra. ... Am Tel s Teliy) A Fobaceo(s). Tobaccots o) | Am Tobae pre6). Am Type pro7). Pam WWaElel) | AmWW st pri6) | Am Woolen..... At Woolen pf. . m Writ Pa ctfs L AmWE Am Zine. .. Am Zine pf. Anaconda (3) | Archer-Dan (3). | Arch-Dan pf (7) | Armourbes pr(i | ArmourofliitA) | Armourofilli k) | Armour 1Dy jATLM Asso bry ¢ { Asso 01l Atcnison ¢ 108 Haty 18t 1180 1100 110t 101 101 A on it (5). | AtiCoast Li110) AUGuUIT & W, | AU Guita W1 pf. { At Refininge (4) Atlan Ref pf (7) Atlas Pow bt (6) Atlas Tack..... Austin-Nichols. Austin-Nich pf. Austrian Cr 4 Auto Aut 10 41y it a1y 10014 116% 1 106 aldwin Loc (7) 2494 244 s1d Loco pt (7) 1200 120% It & U (6). .. 109 10 Bang & Ar (3%) 5! THE_EVENING Cuba Cane Su pf Cuba Company. . Cuban Am S (1). Cudahy Pkg (4). Curtiss Aero. Curtls A pf (7). Cushmn's (84). . Cushmann pf (8) Cuyamel Fruft. Davison Chem. . Deere&Co pf(7). Del & Hud ¢9)., Del L& W (17), Deiroit I5d (8). . Devoe & R(2.40) Devoed it 1st(7) Diamond M (14) Dodze Bros CI A Dodse pf (7)... Dome Mines (1), Dul SS & Atlan. Dunhill Int 4). DuPont deN(10) Du Pont deb (6). Duquesne of (7) stman (18)... tmarn pf (7). ireka V (116). ar Lonnd ced LIKUNLAU). R T uf(6). Yed Min&S(10). “ed Min pt (7)., 4 Mol CIS0e) A Phoe Insci) Tth Ave (Gie). PSUNAUSC) Y ) mann(3). undation Co. . FOX im A (4). Frank-S pr (7). NIRIE { Fuller GA pr pfa i ; « « « [ I I I I I I ¥ 1 ¥ I I [ I Iirte 1st pf. .. [t I ¥ I I I I [ I I I I [ i I n A Tk, Gen Asphalt n Asph pt (5). n Bakg pf (8) 18 A(4). s 4).. e (16)... ec spubie) asaollg) Gen Motors (5). Gen Mot pt (7). | Gen Qutdr Ad(2) Gen Outdr Ad(1) 01ty SIg (D). Gen RRefrac (3). Gillette Raz 15). nbel Lros. ... | Gumbl Br pt(1). | Gldden Co Glidden pr pf7) Dust ()., o ltu (4) Govdyr I8t piiT) Gothm Hos 123 . CNorth pf (o) | Gt Nor prefsio) GILNOr O (). Grt Wes S(280) TG West S pt (1) Green Canan. . atatno Sug IT 3o & Nor .., Gu M &N pt6) Gull States Stee) Bank of Am (12) Barnsdl Avbzig) Hayuk Clgars Bayuk 15t pfe teacon Ol chnut (13).. i 1 1210 1080, 1080 15% 16 | W Rl 19%° 19% | Bty 1200 i 95 70! 16x 60" 1200 1t 95 68 161 Hon Ami C1A Borden Milk «6) Botany C MillsA tzgs Mix Co. . Britsh Empire. British b Brunswick Bueyrus. ha P4 Buff&Susa pt o4 i BrosAt Burnstiros proi) Burtoughsi4). w tush Ter de (7). Bush Trm pf (1) Butte Cop & %. .. utteKSupercz) erick Co. . tyer & ( 10% 45 108 1100 s 10 45 14 1oy e of yelrronios Callahan umet & Art LAy (2)., Cero as 1use Clinndier Mot pf Bt 1 K C16) Chies & Onlocl i) LEL AN RTEN CHOCorpn o3y ) KRR Chi & Alton etfs 6 4 Cuid AlUpE etts ! 9 9 Chi & Alton, . 3 “ N Ch & Alton bf Wy Ay Cii, & Bzt 111, 4B R, Ol & st 1ot G Gy Chit Grant West, LU G Went 12 28 i MIABR, 16% 170 Cht MUAS BE, LI MK P ats, 160 17t PN e uo dn Clr s Nwn (4) ., w2 [N [N} Tool (6) BT} IRl | ont ok In ab i i ClaBprb) oty 1o Chl Yellow!'(4) 40 11 Childne (2.40) an an Chile o (2 ) P Chirist 1 020 1 10 1 Cor (3 1] or A (2 ' hi2 toren (1) i 1 b 16) R Colw (b) .., a2 12 Caliine & AIK4) 0oy, Cul Fiel & o ¥l ol G & b "l Cal ALl Al B Cul Curbnn (4) "l Com Crea (1) 1 2 64 i H bitny 0 oo o Vow (2%) Conde Hasti2) Coungoieum-Nale v Ao 2 Kl L 1 1200 oz o 1y [ qn LI 100 I 1407 10 i 1 s e Clewin (4) (i oo Clicained ) 2y Ry Can Climen pf 1) 1o ool st 1"y ot ¢ ) TR L Cammnium uf i) 10, L eIt pf 6 Tt Conna) Tustile 1y Cont Kk A (4) 1y Comt Batednp 1 Cunt bk ol oh) Cunt Can th) D bian (6 [ ot Mant oniney L cim oo o1y Vuty b g9 Rl T b Cunn Bugar iy | iinn Hackmsk Willy) Hack W prol 3. ! Hack pt Aci ). Hanna tst pt D Martman A (2). Hitn 1 010 % stk Hershey pf (1) {Hersty o bi6) o & Co A . Hollaader & Son Housenold «i4) Houston i, . * Howe Sound (1) Hud Man (2. Hudson Mot <o) Hupp Moti1.40) Uhnots Cen (7). indep VI (1) Indian Mot pfei) Pndian Belining ndian ltets culs insersoll Ra1s) Piniang S0 azig). Tutand Stlpt (1) atiun Copn Interborolt yi's utcontl Hub(1) It Bus Ma (o)., ement pfi7) It Com kg (2) Intidarv (36). IS eh pie Int Mer Al Int Mer Mt pf. It Nicke: (2) {inter Nick pt (6) Itk e It g tutl 811 It Tel & Tel (6) Island Creek (4) 2 40) ) Jowel Tea. . Junen Lios Tea, {KCP& st () Ian City South un C So pf (4). Kaywer J o4). .. Kelly-Soring. .. Kelly Tire K% pt Rennecott Coh), Y (G It Winuey pf (§) Kratt Chol 1t Iresicn (1160) I resice 55 0f 6) Hiesio DS pf. . Brogor Groeet) Laclode Gan (12) Lago ON (T60) ., Lambert Coty). . Lo it & 1tub, LehighValo Lo & ik ), Lifo Hav () 60). Vi & Myersiih) Vg Myershiciio Lima Loco (4) .. Carhy (360), whn o (1), Song el (A). fo0xe WILCL60) Lorillard Co ... Laoutwiana O, L 10 pE 64y LoutnusA i) Lot & Nash (1) Ludlum Hieslt MacA & FCLO0), MeCall Corp () MeCiony A () Muck Truck (6) | Mackay iy Miscy (111 vin) Mand 50 08 ) Magiia Cop (1) Madihson & Co. Manatt Supar vf upih) . ‘ o O, i Hiieel Martand O1 AMathioson Alii) May Dupt Bid) Metrot uf o) ho) Mortcan Heab, Miaind Cap (1), MUl Cantinent . Mo Hiulen Midtand pfei i) Mithas Htabh Min Bt AR pf M Kan & Tex Mo A Tea plii) Miason ) 1uciiio Aisaanl el Muntane Fuw (b , D €., TUESDAY, Open 2h% 264 15K% Aty 100 100k T UY 10 o 14 19 19 i o L It iz 104t 100 i Ha Kty o i 1ot e YEETT (Y W N 1Ny M " " T 1 [I0N 1 " ity 10t it Tt Wit Wi o bty iy AL (VTN Bkt aoidty Lo NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High Low Clo Montgmry W (16" 135% 1420, 135% 141% Moon Mutor.... 6 3 by Mother L (50¢). 2% 2k Motor Met (3.60) Motor Whi (2) Mullins Mfg. Munsingwr (3). Murray Corp. Nash Mot (1514) Nush & Chat (7) Nat Actie (sta). Jat Bellas Hess [ NatlsHess pf(7) 100 100 [QHETTRTIN 1 Nat Cash RiA)3 5 200 20% 26 18212 150 1y 1 Nat bept Stores Nat Distillers. . Nat Distillers pt Nat Lead (5). .. B2y & L(S0c) Nat 1ad pre7 Supply (16). Nat Surety (10) ¢ NatTea (4)... Nevada Ci14). N Y Alr Br(3) N Y Cent (8) NY CaSili) N Y CSIL pre6) NY Dock. . NYNH& NY NH&H NYO&Wesi1) N Y Ratlways pt NY Steam pt (6) NY St of A (7) Norfotk& W ilny OrAM LIV Stk North Am pf (3) | Norain Ed pr(7) North Pac (6). | Nor Pac erus I Norwalk Tire pf. ‘Ol Well S Lo wen s pr Omnih Omn Oppine Lrph n Cir o« ous atr (i | Ous Steer. .. Otis St prior(7) Outlet Co (4)... Outlet Co pr (7). Fracific Gas (2) 1t (%) 1) Prac Tel & Tel (7 Vackard Motid) an-Am Letrolm an-Am Pet (). an-Am West B, anhandi : | Parmt-ramy). Park & Tilford. . L'ark Utah (8uc) Pathe Exchange athe 15y A | Pating M (az 1y) Ieetiess Motor. | Penick & Ford HLenick&k ptid), ! 1'enn C & Coke Fenn Dix Cintez) Penn 1R (3%, Peopies Gus (8) Fere Matq (1%). ! Co Y pris) Philn & RCH Uit Morris Phillips-Jon (1), Phitlins Pet (3). | Uhoenix pt (1) | Ieico-Artow. ferce Artow b | Prerce Petrotm. Piiisbury (1.60), ~ | Pits Coal. it Term Coal. L isa W Vae). 1010 lice Lob. . o To bs. Costum ()., I'tud & Kefiners. Producer s& it pf Frophy Brushid) 1ub Serv N2y, Public Serv rts. . 1ub Seiy pis) . Lub S NJ pt 1), 1ub SE&G pLik) | Pullnan C P runta a | Pure U > | utity BakAcd). | Puniy bk bz Purity Bak pi7) Wotey. | 1tudio Corp ot A Rudio C pf (315) teading 1y (1), QISR IN st und RN | Reminglonzd ) tieo Motorscil). ey a4, ¢ Ve YHOIdS Spnsn xTobiss) wiheld O 1 1) Rossia lns 16)., Loyal Dad 13k ead (11) LT SUL&Southwest, SULSwpt(b), Suvaye Arms, Schulte (dbg). Schulte pf (8) bd Air Line. . banLopt.., wlanzly), « Shubert The (5) S ) Sty b fate il kelly vider Packi Co | Suider I'kg pt. .. o Lot It 3102) South Canl k., DUt Dairies A, wuth Darcios 1. HSuuth 'ue (8). . Southern Ry «8) iy MAO CEn 4 e Cdoue s DoATaCo Bt (1) Mk, . St $) SUGE Pl BITRYNTRIYS BlandO Cal SLOLNI T ) WOHNY 160y “late Glass, wapt. (. Htowart-War (6) Hurom Car (2., Htudotnher (6) udelak pf (1) Hubmarine Hout, Sun Ol )., St 01 Huporior Steel g CLA, Telautogh (K0e) Poxua Corpn (3) Tox Gulf sl (4) Tox & P'aoio ox 1OROG00) ox Land Toatn Fhiatener Mfx IR 1 SRR Avenne. .. Vidow Anon PIEW ASOLE ) Tule W Ol pfi) e (160 P G i oty 1 ‘s ] 1 ) Lo oEniA) Vranatont Ol Vi & Wi Ewin City 184y Ui w161 Vi gk b aper Uaion Carh (8) U O af Calid) Untan Pas (10) [ o pre) nton Tank () Viited sl o0) KR Ul Cise BE ey Uit Diug (1) L D e by Ve Wiy HHC S e iRo e pron K U D e | VS sty ped) (O Y N U TR ° [N o W it Loy A it o 1y ity TS 1y iy i it Lo (AN N olin " (RIS R A [E5 nity [ ey e TEEN 1, " B D {elally in view | vanced a point as compared with the | LRUARY 7, 1928 STOCKS SELL OFF ON PROFTTAKING Bear Attacks Follow Strong Opening—Some Special Moves Lift Shares. Special Dispateh to The Star NEW YORK. February 7.—The stock | market sold off sharply today on heavy | profit-taking sales, following an active iand strong opening in which the steel | and motor shares hrlfi the center of interest. B “The raising of the call loan renewal | rate to 41 per cent and the subsequent | dditional loans might have | . for some uneasiness on the | ulative element, espe of the recent improv ent in pric | "™Fhe sudden demand for the motor | aroup that appeared yesterday appas- ently had not becn satisfied at ihe | start to 1 they opened active and | <trong. The enormous volume of buy- | ing orders for the motors was indicated | by the fact that it was almost 10 min- | utes after trading started before flr\.V sales were recorded in General Motors, But the upward movement proved | only temporary. | Bethlehem Carried Up. | otwithstanding the intimations by (Jhrjunn;m Charles M. Schwab previous to his departure for abroad that there was little likelihopd for common divi- dends for Bethiehem Steel’ during the | early part of this year the stock was cartied up to a new high for the move | before reailzing made itsell felt. The | advance of over 20 points in Vanadium Corporation _apparently had weakencd the technical market position and after | a brief period of strength the stock turned definitely downward. .U. S. Steel crossed 146, but subsequently dropped back over all the ground gained. Evi- dently the steels had gone ahead too | fast in discounting improvement pres- ent and prospective in the industry Fitst sales in General Motors were recorded at 137 and the price later ad- | calling of been cau part of the s 575, but it lost most | revious final of 1 b the steels turned of the gain when downward. The special operation in Studebaker | Kkept on. Those back of the buying were | predicting early retirement of the pre- ferred stock and greatly increased earn- ings' for 1928, based upon the highly | favorable January results. It was rather far tetched, however, to estimate what | motor companies are likely to earn this | year with nothing more upon which to base calculations than January disclo- | sures. Shorts fn American Linseed were | having difficulty in getting in their com- | Shorts in American Linseed. ! mitments and had“to bid the price up turther in order to even up accounts Montgomery Ward went to its highest | for the present shares and Electric | Auto-Lite was an outstandingly slrnmz" spgefalty at new top figures. Publica- tion of the earnings statement of Tran- | sue & Williams bore out evervthing that { had been predicted | cents a share. compared with a net loss | New profit of 13/ of $177.758 in the previous vear. The price jumped to its highest since 1920 following this showing | | there were points of strength. | selling of the sulphur stocks found the | | fore support 1 US Leather wi " | Vulean Dot W 1w | Weh & el T Wes 1w | w There were as many weak spots as Heavv market for both Freeport Texas and | Texas Gulf Sulphur vulnerable to these operations and prices broke badly be- | was encountered Pathe ixchange class “A" was subjected to| her liquidation which carried the ice down to a new low at 9. off over | 3 poihts from the preceding close. The | sugar stocks bore their share in the | kness. American Sugar was re- ing anprehension over the dividend | tion to be taken tomorrow. Unprofit- able conditions in the industry during the past year will make unfavorable | reading in the final reports and this is what the market was discounting. In the afternoon selling became per- sistent all (hrough the list. It was fcularly pronounced in the ratlwav section. Shares of the Southern roads | which made the poorest December showing bore the brunt of the offer- ngs in this quarter, but prac ils were affected 50. a loss of more tha points. timore & Ohio was down a like amount New Haven. St Louts-San Prancisco St Louts Southwestern and Southern Pacific shared in the decline. Bal. Onen U S [loffman (4) 43 0 U S Aleohol (5). fon 1 US Leather A.. st S Leat or £07T). 1081, Ve ()., e S tubher. ..., A7 U S Rub 1st (8). 106, 10 USSmalt 13%), ¢ 4o el (7, KT S Steel nf (1) 1w 1oy, tnt | ' e 8% Uni Pipe & g UL P&LEA ey N Vanadinm (r4) Viek Chem (4) ., 1or Tik Meh Vietor o nf (f) Vietor o pt (7) VaCaro Chem VA Car Ch o Vieadon (h10) ., Valean Derin Ay W w W w Atasn » abashonf (A (5 Vore 1) Alworth (1 20y v ke B ard Bak of (7) arner Plo A Warner-Quines) Warren Hrosi4) Warrenist pfid) o ( w w 1y TR TR T 1o e e A a1 Pann K1 nfii) 1A T RENIER) Westarn Oatry 1 Wast Mary M Waost 1Y Wanmtn 1 2} pifle e nt et Unton (K) Westhse A 1) 1oy 1o | Wastinehae ¢ Westhna it (4) 100 100 [ White Mot ey L White Rocki 11y, Hute White Sew Mach 1 White SM nfid4) Willvs Overl Wi O o Wilnon & ¢ ¢ WiHsan Co nf A Wilson & Conf AW th (8} Warthi 1 Warkth Puamp Warth Famp (A Wbl Asiacny Wititey 1ity) ‘i i Vellow Truok i Vel T Ca Vou Y Hourly Sules WA, e [ IR Iyl caten an e Lt ey Ui s s e oyl b RO o e N Y 1 vy deciactione M e el ding | iy e Ve e et N o Whemn v o e AT Wk L Mttty oS o i AR R e T L ! o 21 ot stk \ B N \ W PR T TR ERUHPMERRES St tan vl G. M.-P. MURPHY & Co. 52 B;oudway, New Xork Members New York Stock Exchange Washington Stack Exchange Richmond Stock Exchange Chicago Stack Exchange New York Curb Market 1508 H Street Conpecticut at K Washington, D. C. Main 9600 Oklahoma Gas and + Electric €ompany 1st Mortgage 5% Bonds due Murel: 1. 1950 Price 1013} ard interest to Yield about 4.869, F. B. KEETH & COMPANY Membersof the New York Stock Exchange 1510 HSTREET, N. W., WASHINGTON, D.C. New York Providence Chicago’ The Banl; of bersona’ Service Yeu're Offered —every up-to-the-minute banking facility through a “Commercial National” connection—the type of service up-and-doing business men demand. “Wed like to talk YOUR l’vank;ng prob[ems over with you. Safe Deposit Boxes of gen- érous size, $3.50 per year. Tue Commerciar Nationar - Bank Capital & Surplus, $1,400,000.00——Resources. Over $15.000.000.00 Corner 14th and G G s 2 swv.;w»u.vtwu.wq:j.%;\m;\m/:\vefi;‘_;w. B 3 Examine the Security Behind : 6% Guaranty Bonds secured leted, and can Gl'.\l\‘ ANTY BONDS are by first mortgages on con income-producing properties i near \Washington Thus vou casilv appraise the worth of these properties for vourself. \We invite such investigations hecanse L LINY DN WL PN DAY OB D the more carcfully Guarantv Bonds the more are analvzed by the it apparent their mer vestor In fact, when vou have seen for v self how strongly Guara secured and how thorouo! safectarded, vou will unde this Corporation feels fu in placing upon each hond ¢ unequivocal guarantee Ihis guarantee covers tull pavinent ot Q h hehind it our capital, surplos S3 AL IR OAN hoth principal . interest, and serves of and sonrees abont G mo$1Lo000 mat saxd in REAL ESTATE MORTGAGE & GUARANTY CORPORATION 20 JAURNON PLALK SV6H> Lo RN A AN LR SRR A AN AR LN L