Evening Star Newspaper, February 27, 1928, Page 11

FINANCIAL.' _THE EVENING STAR, WASHINGTON., D. €., MONDAY, FEBRUARY 27, 1928, ‘FINANCIAL, INTEREST CENTERS, | (o sone - BONDS oo ewcrmve] | SHARP STOCK DROP | [ stk rines ], 247 P08 ot =" S — Received by Private Wire Direct to The Star Omce NEW YORK, February 27 (#).—Cor- Shows Some Recovery. \ Quotations to 2:35 p.m.~Final Quotaticns in Edition. |S SHUWN |N |NDEX poration ecarnings per share reported | . purchasing power of farm prod- In the District of Columbia and Nearby erylund on. i ow, 250 during the past week follow: ucts overed from last week's slight P - o R e Pl i s | depression. Farmers' products again 3—5—10 Year Terms (Sales are In $1.000.) Westinghouse bs. . Corporation fol 2 i 2 # V' O ¥ 03y 103% 103% Gan 7 ell off slightly, but not as much as did § " sl Lib3%s... l‘n'L',i';"s‘i%’é:‘.?I 7: ;«lm\: 1‘00'; 1001 : 4 :% | the non-agricultural products, which Special prepayment privileges Lib1st4s combination of changes favored the B b 15 2 1021 ) s et Prompt Replies ‘Fluctuations Are Small and! pwsaess imioniiotziens | 0 RAILROAD —_ Ceppers, Motors and'SteeIs i i s 1 {;;:ér:i:r,“‘ml.;:;t{u‘:u:;:;:"‘;’r“nufilé:élzl%::{:% pt Rep Unimportant—S. A. L. Jun- | b5332%° | e s oy Have Largest Declines. dyenr Hire "&. : [ e Houses 51/2% Office Buildings i e ”u AR | RS e ¢ g g i . Gt Mol Index numbers of farm purchasing Apartments Stores . Y 2 59 1159 1169 5 a6t 96 Some Slight Gains. . power and of agricultural and non- ior Securities Weak. USikss 159 1159 11 L e Slig L ! . b awrieultural prices” for various perlods ‘ 5 - R 3 TR L {3 50| are given in the following table, In R d “ B 000, PYSROR s Sgies o | e o it ;o which the average for 1926 represents anaa o agner & C BY CHARLES F. SPEARE. Argentine O3t 928 92 ntgg; lzrm"n"!l = e flns:fl'rk?‘ll:v‘\: ’\?n:"l’( Q’I‘nclk”;::"lél\lfi:r “E:‘!‘E Naw o il 1528 100: g 3 gn Ompany NEW YORK, February 27.—Of more | 218t A8 E3et99 0 100 ¢ 100% 100% ,'},‘:,\2‘:'2',”72,‘5,,'. B oa oo | drap from the week beore. | Kl St Guni 0 g 1 o el New York Life Insurance Company nee today E Argentine 6s B, 100t 100 100 | ppior il ten 615s Coppers, motors and steels suffered | "Wils Sewing Macbne c e i 14 ices were the P v Australta bs 19 ¢ 97| Rkivn Manhat agi 9% | AHATPLEUBREDe, (TN Che Copiieryend AT 1 1321 Connecticut Avenue Main 9700 i Y miscellancous meial group Calument o ote el g o7y | BUft R& Pltt d15a. and Arizona dropped 11 points. Inter- These involve a large total. The effect | Hank o Chtle 6% % 100% 100% | Can Nat 416830... 3 & 100' [ national Nickel 10 points and American I Money and Prices L s g R = | Belgtum 10074 by i of them on prices of old sccurities will DA L0 L aw No vsaisr. 100 | ietting 9 poin be worth watching P s 1081 )1, | Canad North 78 & 1157 115% |~ Nash motors dropped off 5 points te EfTer as 4/ the Aggregatc | BR1 LT T | centoraaen. on. @ 101 | 1udson 5 and Studebaker. 4. U, 8| Commodity prices continued at about N ““‘flm. AT 5% 113 115 | Central Pactfic 4s a5 Steel dropped 5 points, Bethlehem Steel |last week’s fevel. The index showed a i Joans, Seme sy that it Wil s e 6 a9t 995 |4 points, Youngstowr and Tube {slight loss, brought about primarily by be between $400.000.000 and $500.00 s 110 \ o 100%: | was off four. weakness in farm products. in spite of CE e s S . Chi & Alton 3%5s.. 20 G 0 60 It is interesting to note that the en- ' hides, leathers and ®e S in ot will not 5 o « CB&Q4%s77TB.., ¢ " 101% | tire market was affected by these drops. 5 P r power of the 0,000.000. 1 all of the borrow- { B : T By S te | eB& Q3. 9 90 9 | None of the important groups showed . a somewhat, a ale 5 ) i APPLICATIONS INVITED Jo2t 102% | Chi D & Q 1st rf bs. 8 081 | any rise, tuations in_ the general whole- | sales amounted to 2 100% 1004 | Chi Gt West 4s i i There were smaller drops in the auto > price level and in the purchasing |ing a stock . (u).mm 4 1006 1001 | CH&E T gn Ba 51, 881y 8 accessories group, stores. foods and f power of the dollar are given below for | houses of hogsheads. The mar: for LOANS on bsorb in 5 Sleomss 25 . sugars, oils and miscellancous groups. | various perfods. The average for the | ket holds firm with little change in ome of | Canaas B1451929. 1015 101 o St : i the base used. prices and all crop tobacco if i sound IMPROVED PROPERTY 1l have 10 Canada 5s 131, 5oz 1014 § ¢ (p,nqu,l 10 2% W Some Slight Advances. i renasing | keeping condition is bringing very ket condi- | Canada 5 S 7 :"‘, e ofs 9 7 k In spite of the g mr.nl dvmv“ E l 0 « !y_}md’ md, Quotations today for I d il o ats o ¢ sarticular few fssues, such as Wrigley I | Marylang tobacco per 100 pounds .0C3 i istric 3/ i 1105 | CARStP ov 5 efs, Fiectric Motor Lite. ‘Shell Transports < Inferior, 5a8; frosted, 434; sound, com- | Gty lh.c District of Columbia 0 M &SP 6s 31037 103 tion and Trading registered slight ad- \ A 3 + 3 | mon and greenish, 9a16; good, common and adjacent Suburbs of Montgomery oo | ST s Bk | e : ! t + medium, 3 good to fine red, | d Pri 2 T L ChiRT& Prn 4s.. an @ A compact survey of stock exchange| L s : 50; fancy, 56a58.80; seconds, com- an, rince Georges Counties, Md. 100% | Ch i RT& P rfas, 3e 03 ' [ movements is given below by ind f0ll ¢ mon to_medium, 5a24; seconds, good to s P ® Sie 10316 1034 ] cmiyiPaai s Wil 6 and per cent of return ! | fine, 25a45; upper country, air cured, | % - e 100y 6s.. 88 103 102 Stk Sttt of | 5 113225, ground leaves, nominal. 1 P 110% H opg & W Ind en 4 % ol on : E o = 2| Danish Munic§8A 8 111 e o e s 107 i - ] Rt : RAILWAY MERGER. Danish Mu 2 10 CCC & St ba Doy 2 TS e | Cable advices from London report | S, 1 . " . NEW YORK, February 27 (7).—Wall Denmark 6: 3 2 105 L GEO& St rf 6s i f sl R o | that the index of wholesale commodity EW ° K, Febrt 7 Vall | Duteh East 1 68 47. 3 Y 1041 Stk O) e o e, : | prices in and computed by street_has about given up hope of any ador 8345 | 1lp | S TstieE ey L vera Soall oo ; | Crump heid at 93 last weck, as com- |major railioad merger being effecicd INTEREST ox i LY L oo pared with 92.9 a weck ago and 95 ;";)\“1‘1“"’]1' .('f‘.;a,:'}'i." = ':T\:ldlnx:.:l‘i:‘l- ¢ 10§ * [ Cuba Nor 6%acts. o Gl ) ) | e othbsed Wit |18 considercd rather remote at this 108 | Del & Hud 68 : ‘ J L(AD # FCIS | the week preceding and 818 a year ago, | $on. Refection by the Interstate Com- 11614 Den & Rio G en 3 e Skt o arp bearish ite i B merce - Commission of the _original 110 | Den&RioG 4145 36. 20 971, 97% & Nickel Plate” and Southwestern merger L Sk i | trend Ist week. T dy:h:');{ Tose Aoy ———— s, followed by the complaint Sat- German 7s........ 36 107 071y . 3 [ 2 low A of the manner in which the | Hatts 69, - ) eslin ) an aver > of § : EARNS $5.09 PER SHARE. 4 City Southern obtained control H. L. RUST COMPANY le | Holland-Amer 6s.. 2 14 | Erleg 5 § 4 i NEW YORK, February 27 (#).—The | “Katy" and St. Louis South- Hungary Ts. 4 }‘ b | E 7 q 30 per cent over ‘!," previous week. .| preliminary report of ‘the Campbell, | western roads, n:ml tomxm}:cd many LOAN CORRESPONDENT - | Italy 7s.. 5 wl P B CsaTs. 6 ; “The most important increases ‘| Wyant & Cannon Foundry Co. for 1927 | bankers and 1ailroad men that the I | Italy Pub o 571 | Gr Trunk stab 6s.. 5 1007 104 9 | ings lm'.\\vvrt'd] were in .-um,.ix m:(:v: fl‘“““»‘ gross sales of 36‘5050.00“ and net | c: 0: “v,f” h,,k{\ w, the P(!'Ol’?'fil'd (,‘,l.flggn, The PRUDENTIAL INSURANCE G 1157 1151 1150 motors, the coppers and MISCE- | parnings available for dividends of | ment of trunk-line systems until Con- | 108 R o groups showing a 70 pet | §1940 600 “equivalent to $5.09 a share | acts. Rovised mergar plans of the COMPANY of AMERICA r‘vnn\nrflv. 48 12 20 | in average y vé |on 209,548 shares of stock now out- eringen and Bouthwestern Great Nor gen 7s.. 30 1154 115 od. 3 | standing. There are no bonds or pre-|roads are pending. | bs. 101t 101 t ‘oppers ) 4 E {ferred stock. Last year the company ——— | i iy g b 22| The sndividual ‘ <howed | retired all the $554,000 outstanding first RUBBER STOCKS DROP. | + 1015 ] 11 Cent ref 4s t Ay tradi i mortgage bonds, and early this year in- s | ¢ o v o 101% | 11 Cent 4= 52.. o | the ors and m aney groups | augurated dividends at the raie of §2| NEW YORK, February 27 (#).—Rub- | . s ot et S Norway 681943, ot 10210] TICent 4553 . 5 a1 5 al Nickel with $31,000,- | per share annually on the common | ber stocks in London declined 666 tons | o 5. "The A ; 102% | 111 Cent 4% # 66 [ 000 increase and Green Cananea Cop- | stock last weck. to 63,103 ton | 1023, | 1 Cent Chi 438, 2 per. with $14,000,000 | Int Rapid Tran 5a, Coppers showed the largest group gain | Apply to 1001 15th Street N.W. Main 8100 Int Rap Tr 6s stnd. 2 1031 leciplblbia b gain over the pr 3 103% Int Rap Tran 7s. g A 9% 158000000 in 3 Peru 667 w. 4R 92 92 h s : which represents a 130 per cent risc | Peru 7s.. 1035 itk i § s 6%l gver the preceding wecks. The motors | 107 A group showed a 15 per cent gain n‘ Th F. C l d ¢ 10sn g s L CImEs LT, : Weekly turnover e First Calendar Poland 6s 40. 837 . +# s & 5 : Hudson Motors showed a $11.000.000 Poland 7s (rcts) 5 o a1 91% nCity FtS4s... 3 9% 964 @ rise in daily trading, e | Poland §s 9 100%; 100° | Lake Shore4s31.. 5§ 99% 4 g creased its tra | }"mw Alex: 5 1061, {A»m-;r[, v,;l 552003 16 1y | Motors and Pac d's X EREte ¥ s 5 1050, | LonmTsrf4s40... 5 034 03% 63|y trading over last week. ‘6 i e | Queensiand v 111 | vonis&Nash unt 48 g 4 «| it meat prosonnesd rise ln the steet | GYPT, ancient land of the pyramids, . | nineibe U Ta. . 26 100 1088 10, | L& N A% 2007 : ‘¢ | group weekly trading was veftected by | gave to the world a calendar that The J\elv W aShlngton | m . : o | Market St 75 4 " \pm‘n % ased a A_n 45 | st N R TR e s S , SSoan b —— - ‘Some s 4 13 106 6 1064 | M § A G 2 . was §120,600,000 | ther calendars have been drawn up from ofiha Sweden 6s.. .. s MKe R 92 917 | (Coprrisht 1078 We now have accepted standards of time | Aetna Life Insurance Company and Voh & O 4rgaqs 't 44 ol 1" PRICES ON PARIS BOURSE. G Cel B | Affiliated Companies Mo Pacifie ren 4s 5 PARIS, Febru { Mo Pac SaF 17 .. 4 i UHE Brorse " i Mont Trm ref 5 ‘f\"‘u{::f“u(d‘ o : Sl Your calendar of today can serve as a ;" 'hf Tl“l'";l"‘?'l ‘;r.‘l“ nvestmen uilding <ingm 614837 5 10 Nassau El 45 51 3 S 5% 15 per cent loan 5 5 Y s G & | uild Jtd SteamCoven 68 2 47 s w Or Term 4 E y exchange on Londol T e guide to your lpcome, for as regular as 5th and K Streets okohama 6swi.. 40 95 97is NOT&MbEys R ' | times. The dollar was t clockwork, the interest checks from the N Y Centribs. 3 + | francs 411, itimes, MISCELLANEOUS. . ' | i ] 9 rchas X rartz VED for busine | Am AsriChem 1348 3 105% 1031 1051 o 11084 . First Mortgages purchased from Swartzell, ‘ ENED for busine 5 B H \Amgul n(;(ual. 1 101% A ,.,,"“,,.m,.“ - SLAB ZINC OUTPUT. Rheem and Hensey Company come to you After CaIL | Am Smit & R 1st 2 102 New Haven 5.. W YORK, Feb , g Cour 1 ne Pfd—10 at 1075 ¢ | Am Sugar Ref €s.. 11 104% I il NY NH&H 45 56. .. 3 6% | put of siab 2ing b e ORIt on the day they are due. Your calendar an |AmT&Teltrem., 32 & y 49t | NY NH&H dh 4a A7 i s | nis St g0 e SF (B Gerlts G ACIT AT b NI s 2| nish about 96 per cent of the world's can be your cash book. {AmT&Taros 5% 1054 | NY NH&H ov db 6 4 OUIPUE WAL 17459 Mhort Laie o0 AN || LIFE FIRE ASUAL BONDING :’: T\n;l“ 1:\!“5% . NYOnt Wistde. . b cember and in January, 1927, 10 b ) Water Wks 5s. i 10% 100° { NY O& W 55 o 6 S Pt ialiaids 8%, W P s : NEORW sanies 7 . : %P}:An STORLS oA Let us describe these 677 investments to c . Anaconda 18t 6 3106 5 5% | NY Rys 6s A 65. - P » i i Bid and Asked Prices. AnRCoith 6V E 5. el e e f“ : S you in detail. | Andes Copper 7s... 2 2 NYW&Bos4%4s. EW X R, Febry Armour&Co 4%839 3 2 Nor & S gen 6 54, 2 6l s Jberatie Armour Del 614 & 3 90'% | Nor Pac 3x 2047, 1% T 3 ,"“‘"";\ ;{&"y."";““‘ s Tp[pp]“"". Main 9910 | Associated O1 ¢ 3 2% | Northern Pacds... 3 6 | Phe * hatore ¢ 4 Atiantic Refin 5y w101 | Nor Pac 4148 2047, 4 “ YE8% - DeIORE icrease of more Bell Tel Pa 53 B. 3 51, | Northern Paor 1 6 To B i U o : AETNA LIFE INSURANCE COMPANY i el P oo 110z 1 oresmore e, | Swartzell.Rheem & Hensey Co. AETNA CASUALTY & SURETY CO. ” " 1% 108 10m 1oae | Eemneyyhoe s ] e Df“,”" “"“,‘,P iy Morlgage Barkers AUTOMOBILE INSURANCE CO. " ; onney) S22 20 LI 11 T1E | prare Ol & G Ty it oy bl B gl OF HARTFORD. CONN. : 4 X 27 of $2,67 against 16, - = Peo& EIt4x40..c 3 01 914 91%| 962,367 in 1 58 Years Without Loss to An Investor Pere Mar 15t 4 b 1 . [ T Pere Marg 18t fa., 5\ . Groemr e - PCC&SIL S8 BT5., 8 | - “on Gan N ¥ bigs. B8 & SUL bRA ] - ' * { Readine pe 2 1030 ) T e i : Apply for a ; y StLIM&Sgnls3l & % 101% Loan StLIM&S REG 4 10 4 4 . o e 2 to The Sun Life Insurance Company of America Will Finance L & S F adi 6s.. . | . BUL &S e o : e MKEEVIRGOSC .. e s n meanionsid™ | Mortgages on Residential Property Prompt Action—Minimum A&AMMPY § i *harge: ¢ g i f | e L L The B ""”f“‘k "l:“";'r'“;; A‘n”"' (In the District of Columbia and Nearby Suburbs in $1000 earns $650 1415 K St. N.W. Montgomery County) o Without Commission or Bonus IN TEN YEARS \‘\\\\\\\\\\\\\\\\\\\\" { | OU can obtain the above At 5% lnterest ; highly .ufinfying' income— A. J. VOORHEES P. D. SLEEPER Manager Casualty Department General Agent Life Department ay 109% KanG & kinstz.. 11 J0kia pring 8s... 49 1 10K Hou Ity gen 104% ) Ity Co 3 Iy G 06 Southern 7 Desirable with proven safety-—in the sound Offlce Space first mortgage offerings of this For Rent 55.year-old investment banking Commercial National institution. Investments of $100, Bank Building Company at the time loan is granted. The net cost $500 or more earn proportion- Seeld e of such Tnsurance is extremely Tow and in most cases o | ately. For full information, read ce upern enden is completely offset by the savings of the usual com | booklet ““‘\“\r““\w‘“““‘ mission -lu‘w.-. tor making real estate loans. In “Muking Safety Pay Profits™ the event of the death of the horrower the Life In Thira Ave ref 45 60 Ihien Avetnd) bu Tl Fr L1 L% n 30 1utof A j Under our plin Life Insurance for the full e 4%n 6. ... 100 nion Paocy ia. .. 4 1oy Vitzinta ity ist ba. ! 1 \ 1005, Cuhuan 1st Oy ) o 10ht Wabanh by 1h 1 1064 Maryiond 4y, ", 11 unount of the loan is required to be taken with the CTTTTEERETR T ereeeeeey ¥ AVTIRVRRNRRRRRR R 1 L 100 ol & L, Ban 48, 1 v v | ENGLAND RECOVERIN(L 2 "I NEW YORK, February 21 - | We Buy and Sell | Write us today for your copy Gierara Bwape, prestdent of the General | Leave Your Family a Home—Not a Mortgage Ll Co e 6T WAL 2yl ~ | Blectrie Co, Yetuming t his country ’ nilsCortes A, . ). 4 101 "'1)401")"“ :l\llu.ul declared Eng Lineeetiee 1 i e atiney b v | Liberty Bonds Ly ' i kn § 4 a2 fuonie and ndustrial e ¥y and INFORMATION COUPON il For 1o Am b s 4 0 1 Lty | pEGREess bs everywhiere evident “,' ' | FOTATO MARKET STRONG Treasury Notes : YOHJNG & SHMON THEF. H‘SMrm CQ netatr UL 6 Sl CMICAGO, Februsty 27 (1 (United b= bt | Miaten Depurtment of Agtieatiures Investment Bankere - Founded 1873 L all i ,“"""':“h;u i b 1 (-t Etc. Authorities on Insurance Smith Bufldinx wnhinglon. D. C. aspnivid sl GBLL o | urdiey e G 4 | ona Vg i Leopold V. Freudbery, Munager Lite luauiance (S15-15h Stroet, N W. - Maia 6480) ou Ball Tel bs, ;.. 11 40 o on | Wistonsin sucked vound whites, | ) S huset aL6s, 21 100 225 tano wacked 1t dariks to || Bond Department Department, 3rd Floor, Woodward Buildiog Branch ofces v Nete Yord—=and Oider Citivs PUCEVITR IR RTR LI A LRSS wl! '," ",.“,[4-1;!‘ Iu:n [‘rllmbll‘l .,I‘"u]l“ l‘,l-nlu | I'e Il'l’ll““l" RX‘II\I 5180 e oaier 4 1070 167w |07 | orates Mo, 1, 27on0H0:. mostty G The Washington Loan and | Gentlemen:~1 am_ interested in safe investments Foledo 140 Iut 8. 2 107 Cubm Bl Ltumphis, 3008325, mostly onty. Send me new booklet “Making Safety Pay L trnited irun 88 i { Trust Company | General Agents for Profits” showing how $1.00 eatis $850 i ten yeaes. 1 ‘ v [ | surance payvs the mortgage and so vou (% 1tub bt 1S G, AT 8 Hub 14 ) e o P e | o whc e i 900 F Street SUN LIFE INSURANCE COMPANY OF AMERICA NAME . . Uvah Lnw & LA G0, 1 1070 1t aver the teleption hore, Mmply by nt 620 17th Street Y ? e mON v e 8100 | Caching wy ampiiter and o sheak ¢ Incorporated 1890 BILVER QUOTATIONS rBukTadL,. 2 1 107 [wn paying 8130 & year. The sysem = NEW YORK, Felrusry 27 A st Lles ba o4 JT 10l 10, I owned wid operated by the munlcls Suver, b1, Meren Guisie, 43, Westn Univu 6 '4m,, 4 big Tpaiiny,