Evening Star Newspaper, February 8, 1928, Page 15

FINANCIAL BULLS BOLSTERING ~ SPECILTY BONDS ‘Recoveries Fitful—Industrial List Irregular—Dearth of New Issues. : CHARLES F. SPEARE. Special Dispaich to The Star NEW YORK. February 8. —Effort was made today to check the liquidation in those bond specialties that have been | unsettling the general market since the ‘end of last week. While the volume of offerings in them was reduced the re- | coveries were fitful and at times during the session they sold below previous prices. i Por instamve, Pathe Exchange 7! broke under 80. rallied to 61 and then | Jost the.r gain. Seaboard Air Line ad- | Justments. from the low vesterday of 66!, and a clmh:;dm 69. adrpn{cqn:'m %0 and then drop over 2 points. e consolidation 6s and the St-nbonrd-A‘dl Florida 6s were persistently heavy. the one below 90 and the other off 23, points from vesterday's late raily. The action_in these bonds affected Florida Last Coast 55 which sold below 88. Chicago and Eastern Illinois 5s have bren frecly sold for several days and were at one time 5 points under the January high and disturbed by _Ih( | poor statemient of earnings for 1927 Industrials Ave Irregular. In the list of industrials there were numerous up-and-down movements J Kayeer 5'os rose a point to the best figure of the year ! Liquid Carbonic 8s were off 21 points and 16 points under the high level of | last month. Cuba Cane Sugar 7s ral- | Tied & point and then lost as much. with | the 8s fractionally lower. Hudson Coal | 5s lost a point. Armour 4lss, Bethle- | hem Steel 6s. Anaconda Copper 6s, ! Andes Copper 6s. United States Rubber | 5s and the local iractions were able to advancs moderately against the weak | trentl today of ncarly all speculative issues. More Interest was taken in the forth- | coming offerings of foreign bonds than i in the active list. Nearby loans aggre- | gate between $150.000.000 and $200.000.- | 000. Among-them are large loans to Australia, which- has already been a considerable borrower here in the past two years: to Japanese public utilities. to the Republic of Cuba. to Poland for her ds and to Jugoslavia Xcl'l tabilization purposes. 1 At the present pace the first quarter of 1928 will exceed in its total the for- eign loans sold here for the same period | of 1927. Dearth of New Issues. Investment houses are again com- g’;\\mng that there is a dearth of new nds 1o offer to the public, consequent- | lv they are looking forward to foreign loans to fill in the gap. There are also about $100,000.000 of public utility loans 1n prospect which will test the market for this class of securities as the coupon rates will be low. One offering is ex- rates and advances in Pederal Reserve discounts shows in the bond market | sverage which is off over 12 point from | the high of January. Raceived by Private Wire Direct to The Star Ofiics Quotations to 2:35 p.n.—Final Quotations in 5:30 Edition. UNITED STATES. AIL:olkol." Juiedatsn n $1.000.) nlos. Hith Low. €53, e aies. Ruen e e 93 93U Lib3%s... 16 10124 10121 974 Libista%s 41032 103 1 Lib3d4ys 13 10014 10013 Lib4th 4l 48 10324 10322 US 3% 43-¢ 25 10217 10217 US3%s... 171079 1071 7S 48 1944 211056 1101 US4yss2 4 185 115 FOREIGN. Argentine 6s Ju 5y, 8§ 100 Argentine 63 Oct3) 7 100 Argentine 6s A. 5 100% Argentine 8. 4 100 Australia 68 1955 Australia 68 1957 Austria 78... ... Bank of Chile 618 Belgtum 6s Relgtunt 61y Belgtum 7s & Belgium 78 1956 Belztum 71s, Relzlum Rs Bolivia 8s. Bordenux 68 Branl 6ls. .. Brazil is Brazil 8s Bremen State 7s. . Buenos Atres 7s 57 Buenos Aires 7s 68 Canada §s 1931. >anada bs 195 ‘anada 6 Chile 78 3. Chile 8s 1941, Chile 8s 1946 Chinese Gov Ity 5 Con 'ow Japun Ts. Conenhuzen 5s ct Czecho Tigs rets, Czecho N8 1951, Czecho ¥ 3 Danish Munie 8s A Uanixh Munic 8s 13 Denmurk fs. . .. Dutch Bast | 6s 47 Duteh st | fx 151 Sulvador ¥s 48, Finland s { 63 45. Finland 7s. .. Framerican 7 %s.. French 1s. French 714 French 8s. n 97 97 7 101 100% 100% 10415 10419 1041 1094 108% 108% 16 104% 104% 104% 2 111% 111% 111t 7 1068 106% 10574 REY B8 R8N 70 70 9636 97 96 96% 8% 98% 97 87 1011 101% 1013 1221 122 1221 1164 116% 90t 100% 95 104% 991, 101 B & O Toledo 48, Brdwy & Tth Av fis Brooklyn Elec 61gs 11 BkiynElevated 64 8 Bklvn Manhat 8s. . 114 Buff R & Pltt 4%s. Can Nat 4148 67... Canad North 6%s. Canad North 7s... Canad Pac deb 4s. Can Pac 448 46. .. Central Pacitio 4s. . 26 Cent P’ac 1st 63 90. K1 Chesa Corp 5s wi.. 136 Ches& Ocv 4ts.. 4 Ches & O gn 414s.. 13 Chi& Alton3s... 2 Ch! B&Q zen 48 (3. 4 CB&Q4%s77H.. 67 Chi S&QIstrfhs. 1 Ch&E 11l gn 1.. 62 Chi Gt West 48 59, 26 CM&StP4s25... 9 C M&StPds 25 efs. 12 CM&StP deb 4s cls CM&StPevdls, 7 CM&SPcvd ys3zefs 4 CM&StPgrndtis CM&SPrf4tpscl. CM&StPcvbs. .. CM&StP cv hscfs. CM&StPés..... 9% 997 100 100 100 100% 99% 100 97w 974 103% 1 2 974 97 24 100 9 5t 1054 105% 108% 108% 1057 106 15 115 50 16 3 6 64 6 . 1054 105% 101 101% 964 964 98Y% 99 109% 110 102% 1024 99t 994 99% 99% 102% 102% 107% 107% 101% 101% 1017 102 4 111 111 1105 110% ' xrem— 1 1% m m ¢ 110% 110% 1057 106% 10471 104 s 105 109 10 98% UKin 1007 1007 108 108'¢ 107% 108 116% 116 110% 110% O8lx 984 107% 107" 100'y 100% 995 99% 99% 991 103% 103% 102t 102% 98 9N w7 w 92% 102% 1025 101 101 101 1014 261, 6% 9% 39% " Y27 '« 103% 2% 10; 102% 1025 100% 101 1024 102% 103 103 102% 102% YTt 98 100% 100% 1037% 104 104 104 9% 914 1027 102% 107% 107" 1064 106% = [N O e Ch1 Unton St. Chi & W In C& W5 CCC & St L se . CCC& StLrf s A. Colo & Sou 4158 Cuba R R 5s Cuba R R 71%s, Cuba Nor 5%scts. 11 Del & Hud st rf 4s 13 D& Hudcvbs3s.. 1 Del & Hud 5%s.... 13 Del & Hud 7830... 6 Den& RioGends 5 Den&R10G 418136, 14 D Rio G West 8s.. 10 Erfe 15t cons ds... 17 Erie zen 48 24 Erfe cvi bs ! Erie conv ext Erie & Jersey fn. .. Erle Genessee R 63 Fla EC5874... ... Gr Trunk stdb Grand Trunk 7s. .. Great North 4% s w Great North 5158, . Great Nor gen 7a.. Green B& W db B. Hav EI Ry %8 51. Hud & Man ref fs. Hud & Manaf Ss.. 111 Cent 4862 .. 111 Cent ref o 111 Cent 4353 11 Cent 4% s (6. 11 Cent Chi 43 11-6-C SIL&NO 5 Int Ranld Tran Gs. nt Tr 68 stnd. 110% 110% | int Rapid Tran 6s. 321 ¥2Y% | int Rap Tran Ta 1'% 91| [nt & G Nor Ist ks, Greek 7s Haiti 6s . Holland-Amer 6s. . Hungary Mexico 53 asntd Milun 6. . Montevideo 7: 1943, Norwuy 6 1544, Norway 8s 1952... Orient Dev deb 6s. Paris Ly-Slen P 11 1028 18 98y, - 196 100% 9 104 16 104 e 166 Yl1% Orleans 7s. . o Peru 6s 67 w.1 e PeruTi4s ETL08% Peru 71381956 e Wash. Gas 6s “A"—S$1,000 at 106%, $1.000 at 106, $500 at 106%. vash. Gas 6s “B"—$1,000 at 109'z, $300 at 08 WVardman Px. Hotel 51:5—$500 at 95, $3000 at 96';. $5000 at 96';, $500 . at 96 '.Vfi!;, Consolidated Titie *6s—3$2,000 at p. Traction Co.—5 at 1145;. Pot. Elec. 51.3 pla, 16 at 10813, 10 at 108°; 2 Col. Band & Gravel pfd.—10 at 105%;, 5 at 105% Janston Mon —2) at 108!z, 5 at 109. iderch. Tir. & Stge. pid.—10 at 110, 10 at 110. Pmluz‘m Str. pfd.—20 at 124, 10 at 124. Sanitary Gro. Co. pfd.—10 at 1067%. After Call. o Cap. Tract. 55—8$500 at 104’2, $1,500 at | 10473 fher & Ross 6%5—$1000 at 94%.| $4.000 at 95 . . Pot. Elec. 65 '53—$1,000 at 109. City & Suburban 55—$6,000 at 100. n"l'ncuon Co.~2 at 114%, 10 at 1147 Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY & Telga. 4r de Bk Washingron Gas D8 . G and Bk G e Vager Mig Joind Sk L Wash Coyrs i e Wardman Park Howl 5%e STOCKS. S PUBLIC UTILIT Telva Amer, Tel & Copioal Tr H g B & Kieo, pid NATIONAL BANK Wark Bwy Miav ! Kor Bueres Pow ts, | 1an Amer fere by Linitm o bm 61 w192 Vel MANCE IT) 2ir3 1 M com. B e A HLLA SRS Wewsrly 8300000 il be sppropristed Ly the Netherisnds Kest Indies for com- ——““n oyin\soin | Am Water Wks bs. | Armour&Co 44 | Armour Del 6%, " | BKiyn Union 6% Chile Copper 6 P | Puntio Service b%e 17 108 99% 100 | Int & 3 Nor ad 8s. . 1064 106% i Int Rvs C A 5u72.. 106% 106% | fnt Rv C'A 615 ret 107! 107% | Kan City F1 S 48 118% 114 «As Cily S 3n.. 12 Kansas City 8 5s. . 107 107w | Kan City Term 4s. 110% 110% | 1,ake Shore 48 31 Y2 Y2% | LehighVal eon 4% 118 118 | Lone In rf 4n 49 108 105 | fong istand 583 101% 1014 | 1 oyis&Narh uni 1054106 100% 100% | Man ity 1At o0 ... 99'm 100 | Marker St Is 40, 104% 104% | M1 E1 Ry & L 53 51 103 1034 | Mil El Ry & L 68 61 104% 1045 | M St P& RIM en 4m MSIP&SSM5r38etd 1 111% 111% 111% 10 sy 8% 78n | MK MK&Tadibn.... 16 106% 1065, 106% | 19 Do e i 96 96 96 | \io pachm R 17, .. MISCELLANEOUS. MBI 3 S Am AgriChem 148 9 105% Naszaan Fl 4n 81 Am Repub deb 6s.. 6 1023 NOT& M5wa. . Am Smit& R 1t §3 16 1025 N ¥ Cen gen 3% Am Sugar Ref . 86 105 NYCrfim4 AmT& Teltrés.. 12 99y AmT&Teltrbs.. 30 1050 AmT&Tatb 12 105% Am Tel & Tel 6%s. 15 109 14 100% 7 106% 6 106% 1 1074 6114 5112 14 107% 26 110w 41 928 6 118 3 108 5 101% 6 106 Queenstand 7s Rhinelve Un 7 Romu Sao I'a Swiss Confea Toho EI Pow 7, Toki05s. ...... Tokio %8 1961... Utd Kingm 6%s 29 Utd Kingmn 68 37 Yokohama €s w 1. 102% 102% 10 103 9% 99 106'% 106Y% 105% 1067 108% 1084 100 100 Y1% 91% 1055 105% 111% 111 1228, 1224 | » " 924 ¢ 0% B0 102% 1024 102% 102 100% 100% 110% 1101, 100% 101 | N NYChI&SIL 14aB. NYC&SILG=A, New Haven 4s 55. . Am Writ Paper 63, Anacounda Ist 6s Anaconda ov ab Andes Copper 7 105% RO 106% A ted OI) & Ly » Atlantic Refin 8s. , Barnsaall 68 1940.. 25 100% Tel PatsC... 5 110% hiehemSt pmbs 29 101 h Steel 25 103% 1 103% Beth Steel 19 105 104% 105 Bklyn Edison s 4 106% 106% 106% | 7210 268 270 28 Y6% 46 96 45 100% 100 100 24 K1 Bl Bl 9 107 106% 107 3 104% 104% 104% Bh% BEY, T 105 108 B9t B0 3 9% 94% A% 21 108 102% 102% 2 107% 107% 107% 76 Y6k 5% 9O% 598 9T YR 34 100% 100% 100% LUZ I U] 100% 100% 100% r Marin 4 106% 106 1064 Int Paper t 4 6102 101% 10z 1nier ks per ta 6 7 105 It TelkTeter 4% 45 900, 45, 4 S Kayner & Co8Rn 176 110% 109% 110 KanCiy P& L ha Z 104% 104% 1m Kan G &K Rab2. . 5 106% 106% 106% Lonciede G 6%e 02, 1 105 105 Ligg & Myers '35, 1 104% 104% 1 e Siecl On, .. 7 1017 101% 101% ower Aeh by 6 1017 101% 101% tand Telfm 41 105 108 10y [ R T I Y Tel 4y 102% 102'% INY Tel s ey, Tom% 108% NYTelbudy, . rth Am Kl or OWio TT & 1L 6 1 102% Nor & 8 gen 6s 64. Northegn Pac 4s. .. Northern P’ac fis D. Northern Pacr 1 68 Ore Short L, rfs 4s. Col Gas&Kl deb 68 Con Coal Ma 1t bs Con Gan N ¥ bl Consumers Pow Ga 104% 112% 104% 2% 106% 113% 113% D% 107% 108% 97 9414 KHYy PB% H9% HT% 9% 102v 101% 101 100% o1 L 7 Pennsyl in64..... nnsyl 84m 2 Pennnyl xold Ts. .. PCC&SILInA, PCC&SIL tw BT5. . Port RL&P 42, Port RL&P 7%8 46 Itasding gen 4% | Reading J C 4n 1. Rio G W 1st 1o G West ¢! Goodrich Goodyes oo & Co 6%, . Humble Uil us Humbie O& 1t 6% teel 4% | St L IM&S REO 48 [StL&ESFpIanA, 12 I8 L&SKF6Y%D. 8 ¥ inchn.. ¥ orin 100% 91 [ 81 P & KCRY Hanhonrd Al Hoah A L rof Seah A L ad) b Hanb A L con 6 HBAI Fla 0035 A, BB AIVin 68306 B. Hou Pac 4829..,., | Hou Pacifio ref 4 Hou Puc 4%e A 17 Hou Ity ken 4 Bou Ity Con 68 94, , Houthern Ry 6%s. ToxArk FEOY%ub0 K Third Averet 4n 60 16 Third Avatad) e, . idh 0 o 10, 104 106 108 106% o'y s 1061 [ Oty 1018, w7t (e 100 [ 106% 10 1064 601y hhty 1a T &Y [ER U ITIY) Y 49 44 BA04 104 04 b10iY 108k iy ftie Am Tob 6w 51 1025 1020 fo21, 106 106 4 107 106 L 1hiia Corf 6 A A ltenn A be | 17 Virginia ity 18t Publie Bervice 6s . 1 107y, LY. Watmsh 1nt tn Wi 1 Bery Gun 6% 2005 Punie Alexre ReminglonAr 8833 4 Uy o Sharon Bt B Be.,,. 1 107% 107% 1071y Binelalr O1) 88, ..o, B0 k% UKL Uil Binclair Ol 648, .. 1 91% 9T% 41y #sinelatr O1) 7 o JA D01 100% 1O0%, | 810 F1ve Lin R 9h% Hielly O 8% 20 uh % e 1 106% 1065 10 20 NS N8 08 i 100% 100% 1007s ol nw 8 41 22 W07 10T 10T L ninan . 4 10T 10T V0T, e BT T I PR I un | U8 iun e A R T EN [m el of ba W0 0EY L0ty Viah Pow & L0 be 4 1020 102 102 MR R VTR U] Varner Sug ey, 4 OV, BV BRY Warner Suk Ta 81, 6 1065 1065 106 Westn Union b2 Wh2a NE2 N2 hr 1 I6 1040 J04% 104y &Co W IR ot 108% e 1107 107 107 4 WL bo Wl 48 Agh 00N B0U' (N 010 oy L1 2 o PN e TRADE JOURNALS MERGE, NEW YORK, Pebrusry 8 (F)-~Na- tonal ‘Prade Journals, Inc., a 83,000,000 enterprise, hias been formed under Dele- ware laws for w merges of 10 trude jour- nals The group neludes Bullding Age and National Bullder, Butohers' Advo- cute and Market Journal, Canning Age, Cement, ML wnd Quurry, Maotor Boat, Maotor Bhip, Natlonal Oleaner gnd Dyer, ON Engine Power, Flshing Goods (s rette and ting Gonds Journal, Ospls tul stock wil be uifered soon, Wes Wil win NING _STAR WASHINGTON, _D. iBRUARY 8, 1928, BULLS LOSE GRIP ON GURB EXCHANGE Many Specialties Are Under Pressure—Newmont Min- ing at New Top. BY WILLIAM F. HEFFERNAN. ial Dispatch to The Star. NEW YORK, February 8.—Numerous industrial specialties which heretofore played a prominent part in the upward movement on the Curb Exchange were | under pressure throughout the greater part of today's market. Operations for the rise apparently were not- meeting with the success that sccompanied ef- forts recently and the disposition was to let the market drift for itself. Because of the 10 point advance in Bancitaly on the previous day, consider- able interest centered in the action of that stock. The price fluctuated between 1591, and 158, as against yesterday's final of 160%. Commenting on the re- cent gyrations in the market for the stock, President Giannini stated that saw no reason for the rapid upturn. Newmont Mining was turned over in large volume at new high prices for all time. Interests, who have been back of the buying right along and who are thought to represent one of the most powerful banking groups, were credited with the continued demand. The new Hudson Bay Mining, closely identified | with Newmont, dropped below 20 and interests sponsoring the market for this stock evidently were in no hurry to ex- ploit its possibilities. Fansteel Products dropped to a new low record, still in- fluenced by the recent unfavorable divi- dend action. New high records were reached by Sheaffer Pen new and See- man Bros. The upward movement in Mavis Bottling was checked. but the price was fairly well maintained. The new high record for Anglo- American Ofl was coincident with rumors that Vacuum Oil and Anglo- American interests are planning the formation of a company in which each will hold a 50 per cent interest, to market petroleum products in England. Other oil shares were for the most part lower. Auburn Auto responded with a jump of more than 4 points to publication of the 1927 earnings, which were equal to $13.09 a share, compared with $11.11 | per share on a smaller amount of stock | outstanding in 1926. Wall Street Briefs UNITED STATES STEEL ORDERS. —Estimates of the expected increase in unfilled orders of the United States Steel Corporation at the close of Janu- ary, to be made public on Friday, have been revised upward and the industry is now looking for a gain in tonnage of between 325000 tons and 400,000 tons, instead of earlier estimates of around 300,000 tons. Incoming businessy in January is believed to have been at the rate of more than 12,000 tons daily in excess of shipments. An increase of 518,430 tons was reported at the end of December. | NEISNER BROTHERS. — Nelsner Brothers carned $3.88 a share on the common stock in 1927 after preferred dividends against $2.97 a share in 1926. Net profit rose to $458,500 from $202,- 618, a gain of 56 per cent. COMMONWEALTH POWER. — Ex-| penditure of $25,000,000 in 1928 for property improvements is planned by subsidiaries of Commonwealth Power Corporation. B. C. Cobb, vice president, nlfim company had a successful year, despite spotty business conditions in some sections. He expected 1928 would be another favorable year for the com- pany. i UNDERWOOD, ELLIOTT FISHER.— Undepwood. Elljott Pisher Co. has ac- quired the 8,100 shares of Elllott Fisher Co. preferred outstanding and more than 98 per cent of the outstanding common stock of both classes. Gross sales of companies in the new Under- wood, Elliott Fisher Co. in 1927 were the largest in the history of each com- pany. COTTON EXCHANGE BEAT.—The New York Cotton Exchange membership of Willlam L. Ouzts has been sold for $28,000 to Walter L. Johnson, for another, a drop of $1,500 from the previous sale. A scat on the Rubber Exchange held by Alfred T. Martin, Chicago, has been sold for $6,500, unchanged from the last transaction. NEW YORK, NEW HAVEN & HART- FORD.—Total assets of the New York, New Haven & Hartford at the close of 1927 were $577,777,008, against $554,- 412,221 the year before. Profit and loss surplus was $5,004,970, in contrast to & deficit of $36,712,683 at the close of 26. UIPMENT ORDERS.—Equipment orgrqn in January were 2 locomotives, 008 freight cars and 615 passenger cars, Rallway Age reports. A year ago orders were 62 locomotives, 414 passen- ger cars and 17,200 freight cars. BUILDING PERMITS.—Bradstreet's complilation of bullding permits in 171 cities for January shows $205,243,126, against $233,109,201 in December and $190,045,603 in January, 1927, & de-: crease of 1 Fer cent from December, but a gain 2.6 per cent over the heavily reduced total of a year ag ‘This gain 18 thought to mean that ord! nary bullding has reached its minimum,; v.hn{ boom eauses or effects have been eliminated and monthly building com- parisons from now on are to be on a fairly solid busis, AUBURN AUTOMOBILE CO.—Au- burn Automobile Co. had fts most suc- cessful year in 1927 In sales and profits, €. L. Cord, president, reports. Net earn- ings rose to $1,278,532 after taxes and churges, equal to $13.00 & share, from $043,262 In 1920, or $11.11 a share, Working capital was 85,870,086, PER NHARE ANALYSIS, What Is Back of Kach Bhave, Hop) wroes smsete R i 1 Tiedts oty Unpald ne g 4 por litated company K 0.6 per cont, Inclinling iy : i wor o m | ) , i wlon be yiehls dividenmd (et e hnkor o er for e ’I'ml {lan &a 1o values back of this Waiopbouk thie far dutue relerence, ‘' " NEW YORK CURB MARKET Reccived by Private Wire Direct to Thé Star Office 1 Sates in INDEPENDENT OIL STOCKS, hundreds. 4 104 Am Con O}) I8 Am Mutacaib Following is the list of stocks and bonds traded in on the New York Curb Market today: Sales In INDUSTRIALS, L High, etol Prod A.. 311 up M T4 ou pfd . 108 T2 136 Lone. 10 Magd 50 Mex 1 Mount Prof 2 Pandem 01} 10 Pantepec 0il 4 8alt Ck Prod 2 Wilcox O & G STANDARD OIL, 1SSUES MER SUBSIDIARI 4600 Anglo Am_ 0§l 100 AngAmO non 300 Bu o, ¢ Star G al Synd .. Oil 1 Am Hawaiian 8 5 1, Am Laund_ M. A & T Snles w Sol & ckeye PL 8 & Sh p il Superpow A A ¢ B 9 Asso Gaw & F 4 Atlas Plywood Auburn * A Ba ;[;:l‘ "HNII!D"‘ 10 inson Hedges ¥ fi )'I]Illul § w . 611 Bohack H'¢ ) RO ATum & Bk d Co_rt wi. b Bl o 198 0 Gito nfd 00 Vacuura Ol . Sales in BONDS. thouands. 1Ala Pow 4%s 5'Alum Co Amer 11 Am G . Runte B 6 Camphell tan Marco e Plow Am o) A 18t pfd 175! b nopfd. 95 1st pfd. o Su RS i Appal Pos VA P& 1, 64 Awsor G & E, I 5 & ¥ Bel 20 Bo Invest Tne .. 4 P&L optl war 1813 DS AL 6N B n G Of Bl 61,5 90 ng Schild G Dix Gy 'n airb Morw: b Eirest T &R ol ik Pen 4 Hood Rub 3 See Am' b 1 Inter 'N G s ww 1 Interat Pow bn » Interst Pow Inv Ce 11 Keyaton d i Koith ‘Al O_pf wi 17 Lacknwan Sec & Lake Super C.. Land Co Fia Lefeonurt Rt Lleh Conl & . tleh €& N rte wi g AL jony 07 8 & L 6w Se of DN taw A1 Nichols n & 10 Ohio Pow B N e Libbey Ow & Nare” Wire “Fos: rmon Mot™ . WG e etro Chain Sirk eut Ut ris 1 Wl e pri U or fien & 4 " Pive N2 nel Crude § 714 v e 1 Wipe 104 3 1" G 1o so N 2 Stand P 10 108 e 0, et o P 01y Cent” B NN .rllllElGN BONDS, i on B oot ~ onn O Fd war 2 i Wat B Cn lea salt I onsan 10 Adria B4 Awri "M ari M iatavia A c Bleo ) aL j:,.". Oa .67 A paty I i * oLt A 8 20 tav Tow BGOSR B ERR St ‘o ' e | ) 1}y Safeway Stores 1 Bunitary Grocery Sewman Ty 1 Selberling 11] Serv KL I Den tia 1\ Modellin @ M N J Tlosd ths LTI i [ 0e R Ak ke T T WK Vit 3 BV ‘1 SIS X FOREIGN EXCHANGE. (Quotations furnishod by W. B Hibbe & Co ) A Nelling vhooks ) \ NS sa o i 0} 4 J08 \ o ' N value ty R i wl - doliar ‘t Faile (v . i\janels erlin. e a olun '\ nark “ [ Aoy | th 1 drachnia Vese A achil 1y “. ¥ i N \ | ) | in i neeewn Jaus FEDERAL LAND BANK BONDS. N & R Clustiog Asked A I FeFsIE FEiSIIC B | continued FINANCIALS COTTON GOES LOWER IN TODAY’S DEALING Liqnidntio;l and Scattered Southern Selling Have Bearish Effect eon Market. By the Amoctated Press. NEW YORK, February 8.—The cotton market opened barely steady to- day at a decilne of 1 to 10 points. Selling on relatively easy cables was re- stricted by reports of ' continued dry weather in droughty sections of Texas, while there wes covering of trade buy- ing on reiterated reports of a steady spot situation. ‘The comparatively moderate demand was readily supplied at initial prices, however, and the market soon eased off under liquidation and scattered South- ern selling. May declined to 17.52 and Octoper to 17.35, active months showing net declines of .14 to 19 points at the end of the first hour.. Private cables reported hedge selling with local and London liquidation in Liverpool, and that while there was slight improvement in demand for light goods from Indfa, the turn-over was un- e erings erl were comparatively light after the early selling had been ab- sorbed, and ":smrntkel was firmer on of a steady spot situa- tion in !he“g:uth. talk of a better tone in the goods market'and continued lack of rain in west Texas. Business remain ed quiet, but the market was si at midday, May sMling around 17.65 and Lctober 17.47, or about 10 to 15 points | 9p from the lowest and within 3 or 4 points of yesterday's closing quotations. WHEAT HAS SETBACK: CORN GOES HIGHER Coarse Grain Market Strengthened by Unfavorable Weather and Export Outlook. By the Assoclated Pre CHICAGO, February 8.—Lowering of ocean freight rates from Argentina, and the expectance of large shipments from that country led to an early downturn in wheat values today. In the corn market, unfavorable whether and pro- spective export business were strength- ening factcrs. Opening, 33 to 3a% | tial range. Corn, started at 1. decline to| an equal advance and subsequently hardened all around. Oats were steady, | provisions went higher. | —_——— TAKES U. S. CAN ASSETS. NEW YORK, February 8 (#—Conti- nental Can Co. has taken title to the| assets of the U. 8. Can Co. SEIBERLING ALLTREADS LEHMAN’S TIRE SHOP e . 023 W St 12th and K S eV o\ The finest stocks of British woolens that we've ever imported for gentlemen’s clothes now SaH e ready. M) 4~ Wright, Slade & Co. NEMBERS New York Stoek ErcAange New York Cotton Krehunve Cicago Loant of Trade Stocks and Bonds Bought and Sold for Cash or Carried on Margin THE MAYFLOWER HOTEL Connecticut Ave. at De Sales St. Telephone Main 1581 Resident Partner Mortgage Money Loaned At Low- Interest Rates Tyler & Rutherford Representing Mutnal Benefit Life Ins Co. 1520 K Street Main 475 Second Trust Money ‘Available in any amoun® on homes, apanmenq, ‘business properties. " First, Trust Construction Loans For 3—5°-10 Years Moderate Rate—Prompt Action ‘Real Estate Mortgage & Guaranty Corporation Main 1403 26 Jackson Place A e ek~ DEAD LETTERS —aren’t all buried in the Dead Letter Office. Many find their way to your desk daily and are thrown into the waste basket. BREWOOD’S Engraved Business Stationery —tells your story clearl,— forcefully —on quality paper_with a elevetly de- signed letterhead. ‘Bren®mdD Business Stationery 611 12th St. NW. PP 0L D oo~ T T e D R D T | e € G S > 1989 € D T A\ortgd ge \Bonds Unconditionally Guaranteed BEHI.\'D each 613% IN SURED MORTGAGE BOND of the Federal Se curity & Mortgage Com pany is not only the safety assured by adequate security and the prestige of a con servative company. but the unconditional guarantee that actoally insures the pay ment of prir and in terest. . 61:% INSURED MOR1 GAGE BONDS are uncon ditionally guaranteed by the Equitable Surety Company of New York, under the supervision the New York State Insurance De partment. Maturities 2 to 10 Years .- Mait this_Coupon LA 1412 K Street NW. WASHINGTON.D.C. CAPITAL & SURPLUS OVER $750.000.00 Please send me your circular ca Insured Mortgage Bonch. Name . cAddress. When Borrowing on Property —consult us about the Metropolitan Life In- surance Company Real Estate Loan Plan. The low interest rate and long term arrangement will prove economical to you. REALTORS 809 15th St. N.W. \ Main 9486 Mortgage Loan Correspondent Metropolitan e Insurance Company I Surplus & Undivided ) ofity, Over #‘Muuo Representative @Ie TR L] (IR (LR Q) ol F1L A Business Men —of Washington have banked at "The Metro- politan,” in their gener ation, for aver a century. {Service, broad experience, is " National Metropolitan " Bank Years Years 15th St. opp. U. S. Treasury | av Old Oll IN 3¢ on this the solue alable for ton of YOUR banking problems. Safe Depont Bones at Moderate Rentals OLDEST NATIONAL BANK DIATRICT OF COLUMBIA ¢ Paid on Savings -