Evening Star Newspaper, March 4, 1928, Page 39

FINANCIA CAPITAL TRACTION BTATEMENT OF THE CONDITION OF THE National Union Insurance Company of nghmglo n,D.C On fhe Met ouired under amended June SLIT a0, s100.000 00 | Camital stack 100:000 00 Camital stock. paid Cash; W.R.&E. CO. Preferred Also Is Active on the Local Stock Exchange. BY EDWARD C. STONE. Capital _Traction and Washington Railvay & Eleetric preferred led the X end trading on the Washingion Stock Exchan ‘Traction fisured in 12 small-lot ctions invoiving 09 pening at 119 fiat | and “closing higher at 1101 | & Electric opened with a 50-share sale at 103'.. which was followed by two more hare lots at the same figure. | Potomac Electric Power 5': per cent )i preferred closed the week at 10714, after Five shares of Com- and 11 of Riggs National changed hands at 510, | Riggs at 510 is the highest priced bank i stock fn Washington. with the | ception of National Saving: A warn o hefore o | which the last sale was made at & gL | Third on the 1ist is Washington Loan rust, selling at 3 Dairy preferred closed the new listed Dis- Curities preferred at Peoples Diug Stores preferred 130. i divistonPoiomac Electric Consolidated i sold at 104 ¢ was an $3.900 turn- i | | | Cash in office Cashom hank Real estatn Fral extate mane Inibeer and % erued Total assets taned pavabie Total liabilities q»\'v N n Chevy Chas WE FlNANCE laasas 0 insame producng pronerts Large Loans a Specialty Carrent inferest rate a1 Somumisson Higbie & Richardson, Inc. M6 IS SLNW | —alt over in Washinzton Railway & Electric 4s at 93}, Gas scries A bonds at 106, week's market closed with transier in Barber & Ross 612 | Calling the unlisted securitics | several changes during the week. The bid price was raised to 80 on Cosmos | Club 4'.5 and to 81 on Metropoliian | Club 4'.s. “ihe bid on Chapin-Backs 8 per ceni preferred stock was advanced to 103, with 104!, asked. The asked| | price on Miller Trein Control is now 2. and on Munsey Trust 175. Slight | advances were also made on the bids | for Northeast Savinzs and Park Savings | Bank socks and on Washingion Base | Ball stock. Weekly Bank Clearings Gain. Local bank clearings for the !ending on Niarch 1 totaled $26.25 in comparison with the lower ug! | 00 1or the previous wee included a holicay. While th» figures {wera vell ahead of the preceding waek |y v were 8.3 per cent uader the while the a $1.000 at 97 ~l\m\pd I WILL SELL 100 Units Real Extate Mortgage & Guaranty @ | 100 Units Wardman Mortzaze & Dis- count @ Rils. 190 F. B Smith ol @ 853 100 Wardman Keal Fstate & Invest- ment 8% nfd @ 16. 10 Virginia Plate Glass. Bid. Thomas L. Hume 1412 G Street Main 1346 ' Applications Invited | were larger than for the pre fous oo i | for the previous weei, but a decline of | merce. The general level of wholesal® ‘situation was much the sam» in Balti- { mors, where clearings totaled over $94.- ‘I'll!l’ll< lower than in t | week, but hizher than a year 28o. a Glover & Flather 1508 H St. N.W. First Mortgage | | ings lor the ml 1 000,000, 2gainst more than $92.000.000 | | cording to the Dcpartment of Com- Main 1753 MOI’IE\' AVflllablC ‘OY FIRST DEED OF TRUST LOANS 6% Reasonable Commission Prompt Replies to Applications WARKET LEADER Rallway | In the bond | A £500 saie in Washington | previous | | High 102 14 100 10330 10 "6 1105 fiian o0t 1011, SNV ‘106 100 114y T 10 1o 960 | 1001, IR {110 1o 05 | 105 10. f107, j o I | 104 [RTIEN Laonty i I 106 105 W2 s | 1o, |11 | 1os 100 e 1064 28y JAMES F. SHEA 643 Louisiana Ave. NW. | | Richmond_ reported $40,140,000. com- i | under the figures of a year ago. The E 0 |22 prr cent when compared with last L % |cated bv figures covering ek pay- Dutrxc‘t of Columbia | prices” again receded slightly from the Bankers to Meet in Georgia. Several local bankers are arranging | {in the middle of April. at Augus'a, Ga.. I|h"ad’mznm beirg the Bon Afr-van- | |dtnner on April 18, This mecting s | b | ~onsidersd bv s~veral Wachineton bank- 0 large. The mator part of ths ad- | ministrative businsss of the associa- { commissions and commitiees of the | meneral body. trol by the Federal Ressrve Board, Sec- — == = = =, | retarv Mellon s2id re-enily | LOANS i ‘vrum\e lines. But th» greatest m [would be to expect the impossible {parcd with £36.123000 for the veek ended on February 23, but 22 per cent On Quclified Properties |l |*“Tie golar volume of businsss during | in the | the week ended February 25, as indi- { previous week. but was still ebove the | |level which prevailed a year earlier. i ‘i !l |10 attend the executive couneil mee.ng {of tae American Bankers' Aswo-iation | derbt Hotel, Rev. Harry Emerson Fosdick will b the chie sncaker ot the ~rs as more important than the ¢ Taseting in the Fall becaiwe It 1 no: ition is trancacted. reports being re-! |ceived from all the divisions. sections. | Mellon on Control of Prices. Discussing the question of price econ- “The wopk whirh the Federel Rescrve System ¥ doing Is wlons” soundl ‘con- Let vour applica- |14y not a panacea for all the financial and economic ilis whizh may b>ail the | tions for LOANS ON REAL ESTATE Immediate Action Courteous Treatment have | System nor any other system can con- jtrol prices. The most that system cln‘ {do 1s to influence to a limited extent. from time to time. the total volume of s credit and its costs” Our 35 Bankers Laud John C. Eckloff. SpEaks dor | Many expressions of regret have been heard in the financial disirict over the Percy H. Russell Co. | fauum(ah of Join C.\Ecdofl who died 926 ]S(h SL Nw O he other day at ithe az~ ol years record el ot vears l {afier being connected with the Second National Bank for 41 years. While onc of the vice presidents at the time of his death. he was the cashier for a great many years. In this position he ' made a host of friends among the de- positors, who continued to seck his ad- | vice as long as he was able to work | Por years he was to be found at th» bank’s uptown branch. Few men in the financizl district can equal his record of bank service. Huge Bank Building Prozram. The banks of ths country will invest $137,396,000 in_new benk building con- | struction in 1978, according 1o the ! seventh ennual butlding forecast of the | Architectural Forum. This is within In financirg ‘m; than 1 per cent of the figure for homes and 11927 ‘The distribution of this amount | by groups of Btates is esiimated as fol- llows: Northern States, $10,674.000, th Atlantle States.) $72,693,000 Southesstern Btates, 8 :_mm. Bouth- 00 n Btater, $7,» Mortgage Notes Safe—Conservative Make 40 Years’ Experience your saving P work for you . at the highest interest and . of secoti- afer ties Wm. H. Saunders Co., Inc. | & KEALTORS Main 1016 1433K Opportumty ure es, $10, Middle £34,300,900; W 247.000 The Washington banis are playing their full part in this national progr The Becond Nationals new building on G street is almost finished, the Unlon “Trust’s big addition on H street is alwo ell along, the Washington Loan & ast’s doubling of space is practically done. and extensive enlargements of the | Security SBavings & Commercial are also nearing complevion. Many other | Jesssr chunges are bring made in other bsnks which will add considerably to Ine sum total for the country cxpended on_construction The next large construction project be started here will probably be erection of an extension o the Becurity & ‘Trust Co. & bheen appointed sev- man with perience; just 1. services are . good conne 0 the American o | commitiee L eral months ® necesary expansion STEEL EARNINGS NEW YORK. Msrch 3 (4% First qurter eatnings of steel companies nerally nre expeeted 1o show @ pharp recovery i compirison with the final | querier of 1927, factors considered as | ot iting o the improvement bheing | the decide ncresse I opersting rates { all producers wnd higher prices since Oetnber Phe full effect of these priee advances, however be shown until the second quarter Avsilehle dita in the lrade points 1o grots esrnings of the United Blates Bueel Corporation for the frst three ot hs 1his yesr af ahout £40,000.000 it 831,247 in the last quarier of 1921 PLANS STORE CHAIN. NEW YOI, March 3§ ) Estah- Sishing of & chain of depsriment slores thinughout the country o the nesr futine i planned by the National Bellan Mewr Co the frst slep 1 the program being the apening of & new siore Lody i Kaisas City, saye J B Beik general wenager of (he yetall Aivieion. The sorer will be organized o function independently of the meil order division 'Ho nevw finencing 1t contemplated In connection with the expansion ited, con Grer o Ticrd of ytury s TO RISE. Does Your Property Pay? If you feel that there is room for improvement, in the matter of hetter income returns, you will find help- ful suggestions in this minder of our record and our experience in the held hly ..m..lm-s Prop- Main 2100 925 15th St 1w consider plans for is not expected 1o | Il country. Neither the Federal Reserve | !} 1o 100 Yrle bty o0 04 1 a9 Y% 1Y 104 ' R} 106 s 1047 TS i i S 0 1 st " 6% 100 14 104 ‘nc‘ 1o s w0z iy W 5 whi 9y fus 106, Tt nh [N 1021, 0 1k 100 o 10814 107 a ’w 100% " LIEY ll‘q 10121 100 19 10412 10313 " 101 10 n -1 High 1090 01 H8 14 101y ¥ 105% neily -Sp THE SUNDAY _STAR. WASHINGTON, D. C. BOND SUMMARY FOR TH U. 8, BONDS, Liverty 3l 1932:47,.... 101 Liberty 18t 4448 1932.47, 108 Liberty 24 4% s 1928 ... 100 Giherty 4th 4% 8 1933 38 103 b Treasnry 64 s 194763, 115 R Low FORE i Argentine June ds 1959, Arczentina &s A-1967 "4 Australia 68 1965. . ' Austrial Haigium 6 Higr Lowy 26 i 18 15 102 29 0 26 10) [ 103 19 66 114 .+ 100 109 Relgium ¥a 1) 99 Rordeaux 6s 1934, W Beazil G4y 1967, Hrazhl ¥s 1941 . 96ty Buenos Alres Province 7s '\ Buenos Aires I'rovince 7s 1% Canata ax 1982, Tanadn 5l 192 Thile ¥a 1941 “hile ¥a 1948 hinese ot pennagen ates 1944 1ovakiA X8 1951 nark B8 1942 L Duteh Kast Indies 88 19 Duich Baxt tudias 8 19 105 Erench 0t French Gu LI0's wrench Govi A | 106 i6rman ix 1949, 102 Hollana Am 9T LAty I8 1961 . 101% Japanese 5ty | 108 Jerw 106' e 10 |u7 107 1017 10878 104 Ned'ds wal 1960, Serus Cruats Sloven: Ly Sweden Bs 1949 Swiss 2498 1Y Toho klec Pwi 78 1951 LN ningdom o e 1929 105 Utd Kinzdom 518 1937, 9l . INDUE 1015 oty oty o2ty [ Arner Sineit 13t 6s 1967 Ammier Sugat eung b3 1937, At el & Fol el tr 48 1929 Amierican Lol & I'ei s 1 a8 Anaconda Cobper 63 1923 110% Anacol pper oV deb Is 1938. . 01 Ausnte Kel 981, daru 1060 Kell 100 seth W14 tiethlenem Steel « ( fn 194 1% Coat ' Ma) I8t el os 1960, ha Catie Sug oV deb 8» 1330 100 et fativun ATy Dodse B 1990 Goodricn (B 1) S8 1947, s Humble Ol & Ket >'as 1932 1044 tudinna Steei o8 1952 ... 105 iuter Met Marine 63 (941, : Anter Paper o3 A 1947 » Iniernational Tel and ' 1t ket & o1 105 Manati Sugar st ('as ) 100% Mdvaie Steel o5 1956 WGy New England Vel os 1953 s Ny NY el dn 1901 \mum: B s 1 « 106 & ublic Service $x 1944, Snelwit ON I A980.. .. 1035 Southern Belt Telephone 108 Stambaid O NJ o8 . Wt Luied DS B 1ae) ¥l USH i U1 1" 2 1Bl 1 S Ste 0l o 109 108 o7 W7 1004 Ltah Fower ¥ Light MW 1l Westar vl 1KY, 6s Atchison L6 3w aen 48 1998, .. dile Atlautic Cous: 1848 1982, Ho'in Ballo & U |uu* Hallo & VBl 3V 4% ‘w 1841l0 & UNIO rel 35 1995, «cUEOVILALENY W Ve 106« 6 % U Southwesters DIv as ot» 50 Bble ook iy al s (%8 A LY88 . I Dithern s¥s 1946 ... P"agific Teb 4s. e e iney 99 1 aprake ¥ UNIO @saboake & UG 1014 Chicago Lur & Quincy 44877 8. Wit Ol S s Quincy Lt rel 3s 1wl 26 Chi % tastern i) gen su 1961 65 Chi Great Wastern 46 I¥oy . 1 Cli M & StLPcv 41am 1934 3 Chi M & SULHUI deb S | » Chi® Northw 0w Cliicago Lock Ixland 4 Yn wi.e, 101 - Ulioh Stativl 4 e [0S ., Lis Ol Giiion Station 6 Yy 198, P& Western L 3un s 1Y v Cin Chi & St Louison D, S SUL ool 6n A 192y 10 Cleveiand Terminal blas ient N 100s Hudson & Manhatisn rel os 1957, s2 tudaul & Mannattan ad) oe 1967, 101 Uiois Cential 4% City Soutnein ds | u City Svuthers 68 1960 S Lake BNOTE 48 IVE8.Luisisas e da L481. .. Louin % Nusn uinifien 48 1¥4U, 10074 Lwuis v Nuah Iatiel oy 2008, . 1020 A KT 16y % 1t Lat el Jolt M3UE K33 M Awe vsl 150 3o han & Lox lat 48 1900, 10oe Mo haua les Mo han & Lex 1un'e New vur Wit New Yurk Centini deb 10w New Have deb du d¥bl. 11h'a N 4 N H & Koy deb ba (V8 Fin N ¥ Iy 68 1uks . fie NN West @ busion 't e 1948, . o Norfolk & Western cun e L4ve. W Nurtiers 1'acine W Ui Wasn et 10sa Lanunyivanie gon ¢ e 16 SEY . annaylvaiia gun 0 108s, 1i2n 1'anmny (vanin ¥ w193 104 ('are Margueite (et he (4b8 19 Paoria & Kaxtein ino s 1990, 102 Port 1Y L& 1t 6m 1947 10250 teaning $ e 10l on I wh 1L ALK &L AR N ) Ul'a AL & AR BTN O8I0 48 A 1Y0D 10278 3L & San Fran pr in as 1000, 1024 AUL & Ban Vienbiye b 1y 100 30L& Hen by 1 #a 1an Wte AL L& Han Kran 100 dn 1980 BUPKCH Line diam lbel, . Heahoara Al n Pacife av n Pacifio col Yh's Houthern Pacino re H14% Southern ity gen 4. P12ty South Ky Lot b (vue 1260 Anutnern Hy dav #ipu 1Ve8, A% I Aveud) b8 1080 W7 Union Panine et 4s 1947 10K Virkinign Hy 18168 1983 1044 Wahaah 18t b 10 A . 10y 9 2102 29 18 100 14 25 103 19 17 1 Prev week's Cl 1000 1004 100 1007 Y’ 104° 100 1o 110 101 L6l 1o 1000 101 107 | 101%) [ 1. 10t 106 TN 11 106t 10l Ry ety 100 iy TN ity 0z 102 100 waty K 1091, g 1020 Wotn 104 ity B0 Wi 1owh s ally 16 | 100 20 Last. 101 20 102 29 100 16 Low 99 4 100% 3 1034 1003 1h e 100 1005 1000 106 281y 1004 110 109 104 104 E WEEK Financial Hi Tield Last 1004 1004 97 104 101 1% 1167 101% 1000 1015 i TUTEN 107 16 1o 07 10t 100 9i'e 1038 1044 i » 1045 . 1w, 102 i [TIEN ) 104 1 TN 1051, 1wi 11 Live i 1o 102% L08R 104' (TN 1 9y 1044 MARCH 4. 1928 -PART 2. FINANCIAL. NEW YORK, March 3, 1928, Stocks (average of 50 lIssues) enes Bonds (average of 40 issues). Forelgn bonds (average of 10 fssuss) Federal Reserve ratlo........... devenes Mon«y rate m New Yor Unfilled steel order: Pig iron production Bullding permits Number of cities Amount ... .. 226 Commercial failures (R. G. Dun & Ci Number Liabilities . . o Revenue car loading: Week All commoditics Grain and grain prndu Coal and coke. rest. produc Miscellaneous GENERAL MUTURS - LEADER IN'STOCKS ]Great Outburst o( Buying 1" Carries Price Up 5 Points. Other Shares Rise. | ] By the Associated Pross NEW YORK, March 3.—A tremen- ) dous outburst of buging in General Motors common, which carried it up more than 5 points to & new high record for the present issue at 144':, monopolized speculative interest in to- day’s brief session of the stock market The general list disclosed further ir- regularity on the side of rising prices. The day's sales ran over 1300000 sheres. With Ford mmprllnon apparently: | slow in making itself felt, General Motors s cxpecied to break all sales and earning records in the first quar- | ter of the year, and possibly in the first half, which expiains the heavy demand | for ihe stock. Wall Street also expects a substantial extra cash dividend on the fssue at the May meeting. ‘The Hse was accelerated by short-covering operations, The day’s sales in motors ran above 245.000 shares, an opening | block of 20,000 shares being followed by several ranging from 2,000 to nearly 12,000 shares. Other Motors Gain. Other automotive shares were mixed. 1though gains of a point or more w l:r’"x‘)rdmd g\ Chr\tlrr?‘l”i(‘nc Arrow pre- ferred, Nash, Mullins Body and Collins & Alkman. Timken Roller Bearing sagead below 113 to a new 1928 low. U. S. Steel common. which has been rather sluggish most of the week, climbed more than 2 points to 140 closing slightly below that figure. Colorado Fuel also was strong. but Youngstown Sheet & Tube and Inland Steel sold at the year’s Jowest pric The monthly report of Stock E: change members loans. fssued after the close of the market, showed a drop of nearly $98.000,000, or about in line th expectations v\‘f‘rnnu‘l“x‘:\fl‘d bullish demonstrations in Americon Home P roducts, Brookl: Unlon Gas, Congress Cigar, Cushman Hn\.rn Dupont, International Harve ter. R. H. Macy. National Tea. U Cast Iron Pipe and Victor Talking M: chine preferred. all up 2 to 9 poln were offsat by the weakness of Bayuk Cigars, Case Threshing, Cnn!lnenml Baking A. Laclede Gas. Spear & Ce ! nd preferred and wngm ! Seaboard lIssues Sag. Renewed weakness of the Seaboard Air Line lesues, which sagged to new low levels for ihe year, was the only feature in the railroad group. Forelgn exchanges moved within ex- tremely. narrow and irregular limits with Sterling cables quoted around $4.87 13-16. ‘The weekly clearing house statement showed exce:s recsrve of $1.004130, a decrease of $27.254,670 below that of a week ago Aggregate reserve totaled $665.364,000. The dotalled statement of actual condition this day showed mixed changes. Loans, discounts and inveat- ments increased $113 0.000. nud net demand deposits. $163 0, C in own vaults dropped $5.01 serve in the Federal Rescrve bank membor banks, $4.782,000, and time de- 9,000 posits, $2.26 NEW YORK MABKETS. NEW YORK, March 3 steady; No. 2 Western 1:30% f.0.b. New york and 125 cif export. Barley, steady: No. 1.10% clif, New York. Wheat, spot. firm: No. 1, dark northern Spring cif, New York all rail, 1 No. 2. hard Winter, fob, New York, all rall, 1.541,; No. 2, mixed Durum do. 1417 No. Manitoba do. to arrive 164'; In bond Corn. spot. barely steady; No. 2. yellow cif, New Yok all rail, 1157 : No. 3, yellow, do, 1117 Oats, spot, steady; No. white, 69!, Lard, easier: middle West, 11.70a11.80. Sther ‘miicles unehanged. * DRY GOODS STEADY. | NEW YORK, March 3 (. Cotton goods n the gray were stendy today | with demand moderate, In finished Wnes, prints and colored goods were moderately active. Staple domestics were bought In small lots for immediate | shipment. Further lines of woolens and worsteds In men's Wear are being open- | ed for Full and a moderate flling-in business 1s reported on Spring lines. | Silks continued to sell better than last year. Raw stk was steady. Burlaps were unchanged, UNITED STEEL WORKS. NEW YORK, March 3 (. Profit and loss statenfhnt of the United Steel | Works Corporation for the year ended September - 30, | which will ba | plnced " uetare stockholders shortly in | erlin, shows gross profit of $66,795.- | 000 and a net profit of $1 HO. 000, Total rasets were about 403 368,000, The directors recommended & dividend of & per cent, 1 in reported M dis- patches 1o Dillon, Read & Co ALDRED GOES ABROAD. NEW YORK, March 3 (Ah.J E Al- dred of the International banking fivm of Aldred & Co. and president of the In- | ternationsl Pow Hecurities Corpora- tion, natled for France and Taly today | Lo napect publie utilities ih those coun- trles. More than 835,000,000 of Amerl- can and Canadian capital has been - vesied i hydioelectiic compantes and | public utilitles - Haly and France through (he International Power Hecurt- | Lles UNITED DRUG PROFIT. NEW YORK, March 3 ¢ United Drug Co. and #ul laries earned s11 47 a share on the common fn 19027 preferved dividends, agatnst $13.02 share In 1020, KRESGE SALES QAIN. NEW YORK. March 8 (4% Febry Tuary sales of B 8 Kresge Co toss to 0,410,663 from $8IONTTL In Febryary last yen i of 123 per cent. The company I8 now operating 439 atoves, o | N ‘0( 3 gh Lights of, Past Week Brought Cut in Nulsllell by Statistics Last Week. High. Low. 176.21 174.54 Last Week. 2.33 This Week. High. Low. 177.58 175.94 ‘This Week. . 9210 . 106.95 Last Week 4.7 106 Year Ago. 85 | k. i This Week. Last 4 to 4 | 415 to 4% | Month of Jan., 1927, 3.800.177 | 100123 | This Ve 4 o 2 415 1o 47 Monthof Month of Jan.. Dee., 1927 ] 3,972,874 86,960 517 499 7 ‘ 158,766 $277,130,231 o6 reports) : 2,643 2.162 7.634.411 1.262. of Feb. 18, 1928. Previous week, Year ago. | 881,891 906,009 954794 | 41,188 42 167,711 68,209 551200293 1 “68, 326,993 10,399 BONDS AREHEAVY ON PROFIT-TAKING Flood of New Ofiermgs Has | Effect—S. A. L. Issues Have‘ Further Slump. i | By the Associated Prese NEW YORK. March 3.—Confronted with $253,000,000 in new offerings which | | pourcd into the market during the weck the bond market today had a ral | | Laning to heaviness. The wack's aggre- | gate was only $10.000,000 less than the | weekly record for all time, rs@bliched Jast October. Profit-taking was rather general in issues which have been mov- | ing up in recent scssions, particularly | in the railway group. Senhoard Alr Line mortgages reached | new low levels for the year for the | third consecutive day, all Florida 65 “A™ | bring particularly weak with net loss | points to 74!, declines ranzlngl from large fractions to a point weie numerous among such bonds as New | Haven 3'.s, Chicago & Northwestern | 5. International Great Northern 6s, | Missour! Pacific 45 and Union Pumm Money to Loan dec of st u SEIBERLING ALLTREADS LEHMAN'S TIRE SHOP DS N Va6 d RS NW M 1st Trust Loans Any Amount D C. and Montgomery County Large Construction Proiccts FRED T. NESBIT 1010 Vermont Ave. Mortxage Money Loaned At Low Interest Rates Tyler & Rutherford Renresenting Mutual Benefit Lita (ns Lo LOANS ON REAL ESTATE first deed of trust on ty. | Prevailing intertet Secnred by wmnroved po " Brom, 1 Applieations THOS." E " ARRELL S, 721 10th St N.W.' . Main 766 WRIGHT, SLADE & CO. Members New York Stock Excha: New York Cotton Exchange Chicago Board of Trade Stocks and Bonds Bou[hl and Sold for CARRIED ON MARGIN THE MAYFLOWER HOTEL Conneeticut Avenue at e Sales St Telephone Main 370 Kealdent Partner In Nearby Virginia Prud 1 5 ]/z% l:a‘:lr:::: Co. °.I’Il Commonwealth Investment Co. Listed and Unlisted Securities Bought, Sold & Quoted (Trading Department) C. E. Moran & Co. Moran Building 1716 H St. N.W. Main 3628 Second Trust Money Available amount husiness on homes prope First Trust Construction Loans For 3-—-5—10 Years Moderate Rate—Prompt Action Real Estate Mortgage & . Guaranty Corporation Main 1403 26 Jackson Place in any apartments, i Only & few isues refused o fnllnw th2 gmrul trend. There were & few Isolated pofnts of | %% strength in the industrial division, nota- | bly Wilson & Co. 6s and Central Fnun~! dry 6. Public Utilities were decidealy | dull. ‘Fractional Irregularity and light trad- ing characterized the forelgn group. | Most of the Latin American obligations, | which were firm during the week, were a shade lower. United States Govern- ment obligations were unusually quiet ' As a whole the market continued to | reflect the hesitancy of the past two, weeks, as traders were disposed to await | further enlightenment on the Treasury's | March 15 financing plans, with ite defi- | nite beartng on probabilitics in the | money market. No announcement s to when' these details will be published has MONEY TO LOAN Mortzaze on ol Wfi’z'l'. BALLA 1221 Fye #1. N.W. The Connecticut Mutual Life Insurance Co. e of the nidest and moat conserva. tive. Furnishes low cost Insuranee and annnities Co- been made. but in the past the Treas- ury has favored the first Monday of | the month in which the financing was to be done. If this policy is followed. | the announcement will be forthcoming at the )n-lzlnnlng of next week. WANTED Real Estate Loans proved real estate. experienced service, Low Interest Rates and Commission INSURANC we i Sce us when you want to borrow on your im- Lowest current rates and Immediate Anscers on Applications B. F. SAUL CO. Main 2100 925 15th St. N.W. THE STREET CAR MERGER We have prepared an analysis of the pro- posed merger of the street car and bus lines of Washington, which we shall be pleased to fur- nish free upon request. BOOKER & CO. Investment Bankers 1508 H Street Franklin We Specialize in Securities of 260 Washington Corporations Members Washington Stock Exchange Direet W to New York A SPECIMEN COPY OF THE PREFERRED WHOLE LIFE POLICY will be sent to anyone requesting it This p nce its introduction on November 1, . which has met with such instant success is issued in amounts of not less than 85,000 to risks distinctly above the average of those entitled to standard insurance. This super- standard or preferred group is given through a reducad ot for their insurance the benefit of the fact that they ¢ better risks than the average. Premium Rates for $10,000: Net cost end of first year: Age 25, $141.30; age 35, $195.10; age 45, $289.30 If you think you can qualify, be glad to give you full particulars. and detatled information will be sent vou promptly. with the today, now is the time to act. ‘We shall Mail the attached coupon distinct understanding that this does not obligate you in any w MONEY-SAVING HOME LIFE INSURANCE CO. H. R. Bryarly & Bro., Managers Fiftey sONWL Blde., Maln X101, Please detaile regarding © new Preferred Poliey GEORGETOWN REALTY COUPON—TEAR Name OFF AND MAIL TODAY Address ........cciiiiiiiiiann City coviettntiiententncansnnes & INSURANCE CO. 1219 Wisconsin Avenue Washington, D. C. p—— STATEME l T | RUN I The Mercantile Insurance Company of America he Die Amanided > and Augis <1000 000 00 1.000 000 00 RIERECRTY AN 1 N A ot Lart Total awsets S ToL e PIARLTES ToNE T [ERTRES Ao 1 000 00 o ARTRRERE LY s o u,, vea b ase LU A0 AN SN watdeny e vear AN THQUA NS ROUERT NEWHOULY Nocretany 0 awarn e e Wav wt Reliu USTA A PRARCE Youk Lo AT \,‘_' A Farley D. Veale President Fhones, West M STATEMENT OF TNE CONDITION OF THE Georgia Casualty Comp-ny of Athnh. Ga. 300000 00 200000 LIARILITIES o reaniead “chatate EICR OO REIRIN NITCHNEL Woesident L MAR NOR R T W B \ ¢ ON o WELL Cownty S ey TRV Frank H. Rowe Vice Prea, See. & Treas. wa 3