Evening Star Newspaper, February 29, 1928, Page 14

14 * Money to Loan red by first deed of trust un real estate Prevailing interest and commission Joseph 1. Weller 430 wah't: 8 Tan T ; Mortgages |JAMES Y. PENNEBAKER | Member Washincton Real Estate Roard Main 5328 1520 K St. N.W. L - Investments First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 1st Trust Loans Any Amount D. €. and Montgomery County Large Construction Projects FRED T. NESBIT 1010 Vermont Ave. M. 9392 SO SSSSSSSSTS SRR Desirable Office Space For Rent Commercial National Bank Building See Superintendent A O RS SSS R RN & e % ’ ARERRBLRELERRRRARNSRNNS, \\\\\‘\\\\\‘\\\\\“\! A o) The satisfaction of being fault] tailored can’t FINANCIAL. LAND BANK LOWERS ITS INTEREST RATE Potomac Joint Stock Institu- tion Reduces Farm Loans to 5 1-2 Pct. Basis. BY EDWARD C. STONE. ‘The Potomac Joint Stock Land Bank has announced a reduction in rate of interest from 6 per cent to 5!, per cent on farm loans in Maryland and Virginia negotiated for and closed after April 16. The farm loan act provides that there shall be only a 1 per cent differential between the rate of interest on farm loans and the rate of interest on farm loan bonds issued against such mort- gages. Therefore, future issues of the Potomac Joint Stock Land Bank will carry 4% per cent coupons instead of 5 per cent coupons. - This actfon was forecast in the an- nual report of George A. Harris, presi- dent, to the stockholders when he an- nounced that the issue of farm loan bonds at that time had been reduced from $500.000 to $300,000 on account of the probability of a reduction of the interest rate on future bonds. In commenting on the reduction in the interest rate, President Harris stated that this action was based primarily on the conviction that the bank would have no difficulty in selling its bonds on a 415 per cent basis. and thereby giving the farmer the advantage of a 51, per cent loan. It is in line with the general financial condition of the country as reflected in the lowering of vields on_investments.as a result of a comparatively easy money market. There is apparently, at the present time, a large supply of funds for in- vestment purposes and it is becoming increasingly difficult to find sound in- vestments returning satisfactory vields. First Land Bank to Cut Rate. THE EVENING STAR, WASHINGTO NEW YORK STOCK EXCHANGE Oven, High. Low. Close. 951 96% 964 96% 110% 1107 110% 267% 267w 267% Abrahm&Straus. Abr&sStras 1% Adams Bxp (8! Adv Rumle: Adv Rumley pf.. 39 Ahumada Lead. 21 Air Reductn (5) 179'% Ajax Rubber.... 104 Alaska Junea... 3% Albany Papr 27 Allied Chem (6) 147'% Amal Leather.. 11% Amerada (2)... H0W Am Agricul Chm 18 Am Agri Ch pf.. Am Bank N(13). Am Bosch...... Am Br Sh(41.60) Am Brown Bo 5 Am Can (2)..... 76 AmCar&Fdy(6). 105% Am Chicle (3).. Am Drug (80c). Am & For Pow. . 13 Am Hide & L pf. Am Ho P (240). Am lce (12%)... Am Ice.pf (6)... Am Internati(2) Am LaFr&Foam Am Linseed.... Am Locomot(8). 110 Am Metals (3).. 404 Am Metals of(7) 1174 Am Plano pf(7). &3 Am P& Ltfl). 6h% Am Radiator (5) 137 Am Ry Exp(6).. 123% Am Revublic [ Am Saf Razté4l 57% Am Seating (3). Am Ship & Com. Am Smelting(8) 171% Am S & Rpf(7). 134% Am Stl Fdys (3) 564 Am Sugar...... 6l Am Sugar pf Am Sumatra Am Tel & T Am Tobacco(8). Am TobaccoB(8) 1654 Am WW&El(el) 53 Am Whise pf(7) 11 Am Wooten pf.. 58% Am Writ Pactfs 17 Am\WrPa pf cfs. Am Zino. 13 39% 3 180 10% % 27 151% b4 0% 1104 401 T 83 687 141 123% 64% b8 39 5 173 134% G4 61% 105 49% 180% 1654 165% 543 110 58T 18 4T 16 Received by Private Wire Direct to The Star Office. Open. High, 41% 20 13% 1154 Park & Tilford. . Park Utah (80c) Pathe Exchange Open. High, Low. Close. Equit BlAx (7).. 107% 107% 107% Pan-Am Pet (B). 110% | EquitableTr(12 13 39 27 179% 10 % 27 147% 11% 30 18 59% 83 Fairbanks Co. . Fairbanks (3) Fed LIgt(h1.40), Fed L&T pf (6). Fed MotT(f80c). Fifth Ave (84¢c). Kirst NatS(1%). Fisk Rubber. ... Fisk 1st pf (7)., Fleischmann(3). Fox Film A (4). Freeport (1%).. Gabrlel Snub A Gardner Motor. Gen Am Tnk(4) Pathe Ex A Patino (a9, [} Penn Dix Cmt(2) . 2 2% L Plerce Petrolm Gen Cable At4).. 62 Pillsbury (1.60). Gen GasA(01%) Plllsbry pf(6%) Gen Clgars (4).. Gen Eleo (16)... Genlilec sp(80e) Gen Gas pf A(7) Gen HMotors (6).. Gen Mot pf (7).. 4| Gen Outdr Ad(2) Gen Ry Sig (6).. Poito ltico To 1. Postym (5)..... Pr Stl Car pf (1) Prod & Refiners. Producers&R pf Prophy Brush (3) Pub Serv NJ(2). Pub§ NJ pf(7). Pub S NJ pf (8), Pullman Co (4). Punta Alex Sug. Pure Oit (dGe). .. Purity BakA (3). Purity Bak B (2} Radio Corp of A Radio C pf (31%5) Real Silk Hos. .. Real Sk pf (7). Remingtn Rand teo Mot (71.20). Rep Ir & St (4). Reynolds Spngs. KeynldsTobB(5) Richtield Ol (1), 25 Reis. Robt & Co. Rossta Ins (6).. & St Jos Le: StL&San 5% 69 109% 400 7% 83 65% 137% 122% 63% 574 39 A% 171% 134% 55 61 105 49 179% 165 164x 53 110 584 17 46 154 83 19% 431y 88 a3 120 1381 Bl 30 1y | Glid Co... Glidden pr pt(7) Gold Dust (3)... % | Goodrich Ru (4) {72+ | oodyear Tire. . 1321 | Goodyr 18t pfe7) s | Gothm Hos 321, 611y | GOthm new 3234, 105 | Gotham H pf (7) 49 |Graham-Paige.. 180 | Granby Con Min 1651 | Grt North v (5) 1647 | Gt Nor pf ofs(5) B4ty | GrENor O (14). 110 ' | Grt Wn Sug 2.80 iy | Gt Wests pt (7) 1% | Ureen Canan.... 46% | Guantanamo Sug Gulf States Stee) 1164 121% Bla hlw D. C, WEDNESDAY, FEBRUARY 29 FINANCIAL, STOCK LIST RISES INLATE DEALINGS Sharp Upward Turn Taken by Shares After a Waver- ing Start. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 20.—After a morning of desultory trading, in which several weak spots were uncovered, the stock market turned sharply upward in the afternoon today. Short covering was in evidence all along the line and the list gave the appearance of pro- nounced strength. Significance was attached to the fact that the upturn was led by standard stocks, such as Steel, General Motors, General Electric and American Can. Specialties went along with the high- grade issues. Radio responded to the better showing in the annual state- ment compared with that of a year ago. The rubbers and the sugars were ac- tively bought, reflecting improvement in both trades. The ofls, which had been higher earlier in the day, retained most of their gains. International Telephone & Telegraph was firm in the utility group. Money renewed at 4'; per cent un- changed. In view of the extraordinarily large turnover of funds between tomor- row and March 15 an even higher rate for call loans would not have been sur- prising. The markei, however, was not concerned with money. It did pay some attention to conditions affecting indi- vidual industries and stocks, in which respect it was more consistent than in recent sessions. A. C. L. Is Under Pressure. Among the stocks under pressure from time to time, the most important was Atlantic Coast Line. Dipping below 170, a new low for 1928 was recorded ‘The weakness seemed to be sympathetic to that of last week in Seaboard Air MANY CARS ORDERED. NEW YORK, February 29 (#).—It is estimated that during February equip- ment manufacturers received orders for nearly 11,000 freight cars. At present there are inquiries in the market for about 5,000 cars, most of them for the St. Paul. .. EXTRA $9 DIVIDEND. NEW YORK, February 29 (#).—Di- rectors of the Southwest Pennsylvania Pipe Lines today declared an extra dividend of $9 in addition to the Teg! lar quarterly dividend of $1. They ai payable April 2 to stockholders of rec- or¢ March 15. quitable Co-Operative Bd Ass'n JOHN JOY EDSON, President Organized 1879 . +..$5,292,042.70 WRIGHT, SLADE & CO. Members New York Stock Exchange New York Cotton Exchange Chicago Board of Trade Stocks and Bonds Bought and Sold for Cash or CARRIED ON MARGIN THE MAYFLOWER HOTEL Counecticut Avenue ut De Sales St. Telephone Main 370 Resident Partner WALTER §. PRATT, Jr., | 48th YEAR co.r“ml 'ED ] rplus . .‘l.’ll.lll.." | Sus Subscriptions for the 94th Issue of Stock Being Received The Egquitable “Get Ahead” Will Help You Financially! Our plan of systematic savings has met with the approval of thousands of thrifty Washing- tonians. They realize the value of our plan and are steady, con- sistent savers. Join now—today! | Guit Sta 1st(7). Hacknsk W(1%) Hanoa Istpt. .. Hartman A (2 108 St L&Southwest, ot St L Swhn pf (6). Line issues, but it led to discussion as; to the extra dividend amounting to $2 annually now being paid. If Atlantic Coast Line is to be considered a £10/ sured v by dollars and cents it This condition, the banker asserted, is especially reflected in the present low vields on Government securities and all T Tedle Archer-Dan (3). Armouroflili(A) 56 14 A T TR high-grade bopds. It is further re- flected in the fact that, because of the plentiful supply of money and the low | yields on investments, many commer- cial banks are seriously considering re- ducing the interest rate on deposits. The action of the bank in reducing its in- | terest rate is approved by &he Farm Loan Board and will, Mr. Harris be- LAWYERS —should have an account at Eiseman's. 7th and F Sts. lieves, meet with the approval of the in! ublic. v;::lngo'gmu Bank is the first joint stock land bank in the East and South | to lower the interest rate to borrowers, and its action will be of much interest Keep Step! Your business is pro- gressing! Does your stationery represent your progress? A new letterhead designed by * Brewood’s Business Stationery Engravers will put that snap into your letters that you have put into your business. - ‘Brewmp Business Rtationery Engravers 611 12th Street N.W. How $31.50 Invested Monthly GROWS To $5,000 monthly grows to $5,000 - in 120 months. Under our Syndicate Plan you obtain an tional ‘Guaranteed Certificate of a third-of -a-century-old . bouse with asmets in ex- | INVESTORS SYNDICATE cess of $19,000,000. You may invest larger amounts “e—or as litile as $6.30. Inve:tigate today. Mail coupon for full in- formation W 8.7 Established 1894 Barr Building. Washington Telephone Franklin 1879 | NAME... ADDRESS . THE POWER OF TIME & MONEY FULL PAYME! MORTGAGE & GUARANTY i INSURED essions is insurance the money aside to your family's paymer cipal and 695 in- s msured by an un- sl guarantes backed and resery $3,400.000, ns: S1UA, more Denor §500, § Descriptive s on request, REALESTATE CORPORATION Capital Resources § 3,400,000 26 JACKSON PLACE to the farmers in its territory, as well as to the other banks throughout the Federal farm loan system. Mr. Harris stated that agricultural conditions in the States of Maryland and Virginia are stable, having made much improvement in the last few years. The building of good roads, di- versification of crops, improved mar- kets and increased prices for farm prod- ucts. particulatly tobacco, live stock and dairy products, have greatly in- creased the value of farm land and the ability of the farmer to meet his in- ts. The Potomac Bank has out tanding in Maryland and Virginia in excess of $6,500,000 on farm loans, and has is- sued and outstanding in excess of $6,000,000 in farm loan bonds bearing 5 per cent interest. Joins Local Broker Office Staff. oo eatited’ with Feal Coate oper: estate opera- , has become asso- the NezLYork szcso h; hange firm of Wi Slade . & :lm\r local aflee.".cannecucul avenue and DeSales street. Mr. Cahill was educated at the University of Virginia and is the son of the late James A. Cahill, who was the vice president of the Commercial National Bank and vice president of the Yellow Cab Co. Agency Makes Unusual Showing. Eight out of the 13 Mutual Benefit Life Insurance Co. representatives in Washington have qualified for the com- pany’s honor roll, thereby earning an invitation to the company's convention. This is a striking showing. as less than 10 per cent of the agents throughout the country qualified. John H. Snyder of the local agency will be chairman of one of the meet- ings. which will be held in the com- pany’s new office building at Newark today and tomorrow. The others qual- ifying are James A. DePorce, Joseph W. Gibson. George T. Howard, Adolph Krechel. Edwin P. Parker, Prank D. Roach and Dwight T. Scott. Local Market Very Active Today. Gas and Union Trust closed at 89';. The sales totaled 125 shares, Union Trust Co. stock opened 312, advanced to 3 and % and then | settled back to 312Y; and 312, but| closed at 312',. The day's sales reached 120 shares, the largest trading in any local bank stock in a long time. Capital Traction was stronger than | vesterday. It opened at 110%, but closed at 111. Sand & Gravel sold at 105%. Peoples Drug was back up to {127, Banitary Grocery preferred at 107 {and Potomac Electric Power 5', per cent at 107%,. Eighty-four shares of | Rallway & Electric preferred changed hands at 103’;. Bonds were firm but quiet. at Heard in- Financial District. President Robert V. Fleming of the Riggs National Bank is spending a few davs in Florida, ‘W. J. Waller, second vice president of the District Bankers' Assoclation, pre- sided at the bankers' luncheon at the | willard this noon. | _The Treasury Department has noti- | fied the Benate banking and currency committee that it is opposed to the Nor- !beck bill permitting State taxation of national banks. Mr. Mellon says the | national banks should not be weakened | < lhy what he considers tax discrimina- tion | . January net earnings of American | Ice Co. were $95,468 after expenses and | interest but before Pederal taxes and | & depreciation Bince taking over the 19 Old Dutcn | Market stores here last week, the Amert~ | can Stores Co., has added 305 in New | Jersey, making a total of 2.450. The latest purchase involved upward of | $2,000,000 | FEDERAL LAND BANK BONDS. (Quoted by Alex Brown & Sons. Closiog. ) FOREIGN EXCHAII-GE. (Quotations furmished by W. B Hibbs & Co ) v T Trupwetn. elga ik . Ara Kihens deahma Mautria Vienna Budapest i Harlin o 7 sttt wh % C & O Corpn (3). Lol Sou 2d pf (4) Armourofill(B) Armour 11l pf(7) Arnold Con & Co Asso Dry G(2%) Asso 01l (2).... Atchison (110) Atch T&S Ferts. | Atehison pf (6). 104 AuCoast L(110) 171% AtIGuif & Wi.. 38l Atl Refining (4) 1024 Austin-Nichols. Austin-Nich pt. Auto Saies. ... AutoSales pf(3 Autostrap A (3). Bald Loco pf (7) 118 Balto & U (6)... 110% Bang & Ar (3%) 72 Bang & Ar of(7) 111 Bank of Am (12) 617 Bk Comerce t18. 560 Bank of N Y(18) 655 Barnet Leather. 44 Barnsdl A(b2l) 28% Bayuk Cigars... 133 Bayuk 18t pf(7) 108% Beacon Oil. 15 1% Bkiyn-Muan pf(6 BrownShoe(2% ) Brunswick B (3) Bucyrusev (2%) 3b% Buft&Susq pf (4 50% Burns Bros (B). 16% BurnsBros pf(7) 9y Bush Tern (g2). 60 Bush Ter de (7). 111 Bush Trm pf (7) 115% Butte Cop & Z... 6% Butte&Super(2) 10 Butterick'Co. .. 46% Butterick Co rts b Byer & (o 9% 64 2 93w 21 - CanDry U Ale(3) 61% Can Pacifio (10) 2044 Cent Alloy (2).. z8% 12% 63 Certain-Teed (4) Certo Corpnit4) 73% Chand-Cleve..., 5% hat-Ph Bki18) 580 Ches & Oblo(10) 190 Chi & Alton Chi & Alton Chi tireut We CM&SP full pd, CM&SLP pf f pd Chi & Nwo (4) Chi Pne Tool Chi Rock s « CR1&Pof(6) Chi Yel Cab(3).. Childs (2.40).... 44 ChileCo (2%).. 8% Chr! B(1.20). 111% Chrysier Cor (3) 5% City InvCo (10) 144 Stores (B). »lly t Peab (6). 6 10% 1% 48 133 109% Collins & Atk(4) Col Fuel & Iron, Colo Sou 1st (4) 86 73 Col Gas & ) (5) Col Carbon (4).. Com Cred (1)... Com Inv Tr 3.60. Com in Tr pf 6% 95 Com Solents(s). 164 Com Pow (2%). 656 Congoleum-Nair ng Clgarsfs’y 73 n Clguinid )., thut 1 22 A% AW I3 b Cont Bak of (8). Cont Can (6) Cont Insur ( 2% 207 Cudahy PUg (4). 64 Curtiss Aero (1) b% whmann pf (7) 122 vemel Krult, ! 62% ‘hem.. 36 Dol & Hun (v)., el L& W 1T, oIt k0 (8).., liavoe & 1112 40) Dhamond M (19) Bros Cl A ut 7)., o Mines (1), 1} Dunhiising (4). Gl DuPont deN(10) 323 179 b0V 148 Int 69y aton Axie 12). Vimenlohr & Rro JKlea Auto Li8), | Vileatrin Ko Filen Powr & | &Lt 40% 1604 1% #iu Weteew, Sy 2" Copenhugen. Crown. ., el irowh Stockholns, uws. .y ileo iafrigeratn Kine Btor facy End-dohn i 8), Enginesrs Pub 14 1% A 184% Y 104 1714 39 103% 118 108% 15% 7% 19% B6% 57% 59 120% 384 684 166 22% 1% 5% 6% 1 46% n 97 w6 24 95% 21% 6 204 29 12% 63 ki) 5% 589 190 10% 104 10% 1w 48 133 110 a“ 8% 113 b8W 144 8% 3% 22 95 166 66% 3% 3% 48 ] 4% 6T% L46% 115 6% 28y 214 6% bR 122 2% 1 179 H2 19 160 m 1% 64 B2 16y 120 Ha% 1 % ue " 84 T 43 42 39% 1824 3 104 167% 38 101 46% d6% 4b% 18 110% 108% 147 T 194 86 o7 5674 120% 38 68 165% a2 i 115% 46% [ 9. Byer & Co pf (7) 110% 110% 11 93 21 S1% 204 CaseThreshg(6) 254% 2569% 54 8% 12% BOw B0% B0W 63 68% 58 OGR4 3% by 570 190 4% T4 4% 6% 1% 48 b9 59% 59w 69 Bl% sl s1% sy 133 109% 100% 101% 100% 101% BT BTw 3T a“ 8% 1% b7 144 81 92l 92% 91% Coca-Cola (6)... 131% 132% 131% BA% 681 o9% 684 1% 1% 1% 4 YO% 91t HOW Col GEE pf At8) 107T% 107% 107% 0% B0 B0k 22 b6% b6l b6 95 164 65 24% 2% 24% 73 B2% B3% B2u 1 6).. 130% 132% 130%% DI(6) 101% 101% 101% B4 40 A% Vit BRly 6% 10% 66% 144 6 27% by 2b% 2% 200 64 hok 122 b2% k) orT), N7 TG T 1644 1645 164Y 182% 182w 1824 179 N 1n 18 69 423 Eantman (18), ., 164% 164% 164% 164% 200 B24% 20% 164 1220 122% 121% 124 Hin 1264 1260 1264 126 Kloo & L1 ot (1) 109% 109% LODY I 1 W % 1% Uin HavEl Ry pf(6). Helme (17)..... 3 | Hershey pt (4).. 424 | Hoe& CoA..... 39%; | Hollander & Son 18274 | Housenold (14). 3y | Houston Q... 104 | Howe Sound (4) Hud Man (2%). Hudson Mot (5). Huvp Mot 1.40). Lllinots Cen (7). indep Vil (1)... lndian Retiuing. ndian Retg ciis Ind Ref pf17)... Inld St (pi6%). Inland Su pt (7) inspiration Copr Internat Agri. .. int Agricul prior luterboroktaplr. luteonti Rub(1) Lot Bus Ma (5).. int Cement (4).. int Com king ¢2) int Comb pf (7). 169% 894 1024 5 34 9N 34 46% 18 1 7z | 1% 600 565 655 44 23% 139 108% 14 7% 19% . ¥6% | IntMieh plri3.20 571 | Int Nickei (2)... 584 | Lntl Paper(2.4v) 120% ) Intl Silver rts. .. iot Tel & el «6) Jewel Tea...... Johns-Maran(3) Joues Bros Tea. KCP & L 1st (7). Kan City South. Kan C So pf (4). kuvml ). Kresge DS uf.. Kroger Grocicl) Lago Ul (75¢).. Lambert Cotb Lee T Lehn & Kink(3), LifeSav (1 6v). Loew's Inc (13), Loose- Wil(1 60) Loose-W 1st(7). Loriliara Co. . Lorillard pt (7). Louisiuna UL, ., La O1l pr (6%). . LouistiusA1.75) Louis & Nush(7) Ludium Steeli2) Mack Truck 6). Mad Sa Gr (1 %) Magma Cop (3). Mallison & Co... Maihson pf (7). Map Ki Sup (6), Man ki m g (db) Maracuibo Ol .. Market St prior. Martand Uil Mariin-Roek(2). Martin Parry... Mathieson A1(6) May Dept 814)., Maytag (13) Mexican Ses Mian Middle States. .. Midland ptiri12) Miller Hubber... Minn & St Louls M St P&SSM pt. Mo Kan & Tex, . Mo K&Tex pf(7) Missuuti Pucitio Missourt Puo pf. Montuna Pow 6 Montgniry W(th Moon Motor...., Mother L (60c) . Motion Ple Corp. Motor Met (3.60) Motor Whi (2)., Mulline Mg Munsingwr. Murray Corp 570 190 4% 6 1% 48 133 109% £ 4 38% Nut Biscult (17) Nat Bise pt (7). Nat Cash R(AIS Dairy (3),. Nat Dept Stores Nat Distillers., . Nat Distiliors pf Nat Logd 16). .. Nt Pow& Lt (1) Nat Radiator. , . Nat Bur Novads Cil¥). NOTex & M(7), NY Al Brad),. N ¥ Cent (#), BT | NY C&BLL6) .. 22 )N Y CHLL pfi6) 62 | NYNH&Huart(1) NY NH&H ut(T) NY Ont & Wa. .. NY State Itys pf NY Bteam of (8) NY Bum pf A (1) Niag ¥ pd (1% ) Norfolk&W(110) NotAm 010 % stk North a0 (6) .. North Am pf (3) Nor Pag ofeib). QI Well Bup, omnib . Ouw Blevatr(17) OB e, ., Otin 8t) prior(7) Outlet Co pf (7)., Owens Lol (014) Pacitio Gaw (2) w27 " 7 & » T9% Packnrd Motid) % Pan-Am Petrolm 1601 129' o B o1y 19 2% 4 4T 24 y o),y T Ity 2H% 1 01y (e D% Ldn 1Kl 11Ky B0 42 0% i i 4 1 hing 11Ky LIy 4“ % Seneca Copper. . Shattuck F G (2) ShellTrad (a%7c) Shell Un 11.40), Sbubert The (5) Simmons (2)... Simms Pet Sinclair Of...., Sinclair pf (8).. Skelly Ol (2).., Sloss-Shef (6).. Snider Packg Co So Por Ric 8i12) South Calif Ed.. South Dairtes South Dair South Pae « Southern Ry South Ry pf ( SouRyM&O efs Spear & Co.. Spear&Co pf (1) Svicer Mfg..... Std ComTobacco S &K 3k). Std Mill (5).... Std Milig pf (6). StandO Cale2ig) SOILNI (T 45) Std OINY (1.60) Std Plate Glass, Std PI Glass pf Steriz Prod( 17 Stewart- War ( Strom Car (3).. Studebaker (6). Studebak pf (7). Submarine Boat. Sun Ol (nl).... Sun O1l pf (6).. Superior OIl..., Sweets of Amer. Symington Cl A. Tenn Copper (1) Texas Corpn (3) Tex Gulf Sul (4) Tex & Pacitic Tex PC&UE Tex Land Trst Thatcher Mfg.. The Fair (2 40). Tidewater AsOIl. TIdWASOULT6) Tidewater Oil 80 T W OIl pt(s) Cimken (16).... Tobae Prod tm). Fobac Prod A (7 Transcont Ol .. Transue & Wil) Twin City Ry4) Udwd-EI F (4).. Union Carb (6) . Un Otl of Cal2) Unton Pao (10). Un Pacific pfi4) UtdCgrStiC8oe) Utd Cgr St pf(6) United Drug (9) Utd Drg ist (3% Utd Dyewood. .. Utd Dyew pt (7) Utd Fruite16yy) USC1P&F(10) U 8 Distributing S Hoftman «4) Alconol (5) IndAIf pf(7) Leather wi. Lenther A, Leat pr £(7) Reulty (¢ Rubber Rub 18t . Smelt (3%). Sm pf (34) U 8 Steel (7)... U 8 Steel pf (7). Uni Lear Tobt3) Uni Plo st pr(8) uni Pipe & Ri2). Ut P&l Acez 1944 16% 52 10T% 119% accecesccece 8 8 8 s S 8 s £l 8 s Vietor @ bt (8 Vietor or VA a Va lron Coal & C Vivadou (bit) ., Vuloan Detin. .. Wabasn. .. Waldorf (1%).. Walworth (1.20) Ward Cl A (8).. Wurd Baking 8. Warner PloA... Warner-Quin(¥) Warren lrostd). Warrenist uf(3) Wark'&I'ipe Cor. Web & Hell..... W Penn 51 A (1) W Penn ki pri6) W Penn 1l pf (7 West P Po (6).. West P Po pf(7) Willys-0d pf (1) Wilson & Co. Wilson Co pt Wilson & Co pt Woolworth « worthn ump, Wrikht Aero (3 Vollow Kruok, .. YR Vounusin 6he8) o4 8 rly Sales on N. Y. Mark BABY00 ¥ ... BO2,200 400 ¥ vy, 1,683,200 DIVIdand Eules an SI¥EN N 1he Abave tabie 1 Uie WAL e BavIeD e Isn‘%‘ n e atest auarierlv It vearly declarytion, inles otherwive A O suecial divi: M on fu8 iaon A atooi | Wlod et arily o Blas AN prelarred Lok, o Bl ae ke & cOunion stouk, s stock the price is very attractive, but if it is to pay only $7 better yields can be obtained in other rails. Continental Baking class “A" was an- other stock in which liquidation was heavy. It broke nearly 6 points to a new low for the year as it sold under 43. National Lead was depressed also to a new 1928 low by the annual report which showed earnings of $10.25 » share, against $37.04 a year ago. -A' sharp attack on_Montgomery Wai-. and on Montana Power met temporar: points before encountering support, after which the price rallied briskly. Strength in the Oils. The strength in the oils was evidently | vased on more encouraging production | statistics and on reports of advances in | gasoline prices. Crude oil output for the | week ending Pebruary 25 was the lowest | in over a year. The low and medium | priced oil stocks were in active demand, mong the leaders being Pan-American ‘B." Texas Corporation, Sun Oil and Mexican Seaboard. Traders argued that there was a minimum of risk in buying mluick.\ 5o thoroughly liquidated as the o3, success, each stock dropping nearly 3 | ) i BUTTER IS HIGHER. CHICAGO, February 29 (#).—But- ter—Higher; receipt o seconds. 40a421;. 9gs— Higher: re- ceipts, 11401 cases; firsts, 26a26%,; or- | dinary firsts, 25. POTATO TRADE SLOW. CHICAGO, February 29 (United | States Department of Agriculture).— Potatoes—Receipts, 100 cars; on track. 234; total United States shipments. 1,233 cars: demand and trading slow. market weak on old stock, stronger on new: Wisconsin sacked round whites 2.05a2.10; Idaho sacked russet Bur- banks, 2.15a2.40: commercial, 1902 2.00; Florida Bliss Trumphs U. S. No.| 1, in crates, 3.00. NEW YORK MARKETS. NEW YORK, February 20 (). | Rye—Easy: No. 2 Western, 1251 ¢ 1.f export. Lard—Steady; Middle West, 11.55a11.65. Other articles un- changed. LEAD IS REDUCED. NEW YORK, February 29 (#)—The American Smelting & Refining Co. today reduced the price of lead from 6.15 to 6 cents a pound. o R REYNOLDS SPRING LOSES. NEW YORKK, February 20 (#).— Reynolds Spring Co. reports net loss of $162,369 for 1927 as compared with net loss of $164,038 in 1926. HEADS CREDIT BODY. NEW YORK. February 20 (#).— Stanley R. Stager, president of Jonathan Ring & Son of Philadelphia, has been named executive director of {I’Ie Wool Yarn Jobbers' Credit Associa- lon. . PRODUCTION DROPS. NEW YORK, Februar, 29 (®).— Steel ingot production showed a de- cline last week, due largely to a 1 per cent. decrease among independent companies. United States Steel con- ;mnedd at l:out 90 per eslnt. but in- lependents mPpod 8 to 77 per cent. of capacity. o MARMON SHIPMENTS UP. NEW YORK, February 20 (#).— According to rmldenl G. M. Willlams, February will be the largest month in the history of the Marmon Motor Car Co. in number of cars shipped. e PRICES ON PARIS BQURSE. PARIS, February 29 (). —Prices moved Irregularly on the Bourse today. Three per cent rentees, 66 francs, 60 cen- times; five per cent. loan 87 francs, 80 centimes: exchange on London, 124 francs, 2 centimes. The dollar was quoted at 25 francs, 41', centimes, e e RUBBER ADVANCES. NEW YORK, February 29 (Speclal) —Orude rubber, smoked ribbed sheets, advanced 'y at today's noon quotation of 20. This compares with 39% a month ago and 39% a year ago. DIVIDENDS. Porigd, Rate. Pavab Stock ot Carporation o ” Harn T1 et~ A Buts & “Supei Vet Praducts Do st ‘A3 o 20 ar 10 Feh 30 e Apr L Mar R Abr 10 ] i W A'm‘nn Pablishing o Dom Sores ‘Lid Tnloshuie 0 T Momestend Byt fen s Mach Interataw I Wi ¢ ol Apr i Loans on Real Estate 3, 5 or 10 Years WE BELIEVE OUR ECONOMICAL PLAN OF MAKING LOANS WILL APPEAL TO YOU. Residences, Apartments and Business Prop- erties in the District, and nearby Montgom Co., Md. o s BO2EGELPS Founded 1907 John Hancoek Mutear Life tmsarance Co. (417K St Main 9300 APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs of Montgomery and Prince Georges Counties, Md. 5% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 8100 The Sun Life Insurance Company of America Will Finance Mortgages on Residential Property (In the District of Columbia and Nearby Suburbs in Montgomery County) Without Commission or Bonus At 5% Interest Under our plan Life Insurance for the full amount of the loan is required to be taken with the Company at the time loan is granted. The net cost of such Insurance is extremely low and in most cases is completely offset by the savings of the usual com- mission charges for making real estate loans. In the event of the death of the borrower the Life In- surance pays the mortgage and so you Leave Your Family a Home—Not a Mortgage YOUNG &SIMON Authorities on Insurance Leopold V. Freudberg, Manager Life Insurance Department, 3rd Floor, \Woodward Building— Telephone Main 5180 General Agents for SUN LIFE INSURANCE COMPANY OF AMERICA Incorporated 1890