Evening Star Newspaper, March 6, 1928, Page 11

THE EVENING STAR. WASHINGTON, D. €, TUESDAY, MARCH 6, 1928 FINANCIAL. LI § ¢ COTTON GOES DOWN |BANK OF FRANCE BODY |MONTGOMERY COUNTY ‘| YOUNGSTOWN SHEET. GRUI]E U". FU]W IN TODAY’S DEALINGS WILL VISIT AMERICA| OFFERING BONDS TODAY | 1oiir aispatcren 1o wait Srracs sy there is nothing to indicate any change o To Confer With Representatives of| BALTIMORE, March 6.—Montgom-|in its 85 dividend rate on the common. ! 3 5 of | The company expects to show average | Relatively Easy Liverpool Cables| Federal Reserve Bank—M. Ques- |1V Coun%y 15 offering a $30,000 series of nmm'mg iy n‘; st weeriee Special Dispatch 1o Tha Star. this year by Youngstown Shest 4 Tube 3 i quarter, Earnings are less than for Have Bearish Effect Upon the nay to Hend the Delegation e same patlod of 1927, but the pries FINANCIADL NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office | bonds traded in on the New York Curb $500,000 Baltimore County 4, per cen! Market today: Staple Market gl e e e CL L Bl b fe puation s improving. _James A. .. N [ Salee INDUSTRIALS w . . S, 5 e Baltimore County issue is ex. amphell, president, 15 expected back + Pipe Line Issues Show Im-|n hinsess Wik, {Gasoline Users Need Have the Bank of Franes will confer shortly | pected to atiract many blds from out. |shortly from Florida, 0 B H 5 l in New York with r"ll)r(‘rsrnta(lvrs of ) of-town houses because of its size. A —_————— e sai A H (je. | vy the Associated Prees. the Federal Reserve Bank. block of $20.000 of the issue is dus in pressive Strength—Utility Little Fear of Big Chang NEW YORK, March 6—Tho cotion| M. Quesnay. head of ‘the economic| 1040, and the baiance due serially wita| PAPER OUTPUT RECORD. H i arket opened steady today at an ad- |} | 2o L 3 Jedts iE arch 6 (). —Total St Adv [ market of Aty nsaL otk ) dalega tonsoliens | i mAtrityTof 1A% yean NEW YORK, March 6 (@ 1 hares Advance. in Prices. : 2 appointed head of a_delegation of Total indebiedness of Baltimore | prodiiction of paper and pulp by Ine vance of 2 points to a decline of 3|perts who will probably leave next week. | Gounty. fneluding this offering, which 13 | b 2 p by I — points and eased off fn early trading | They intend to see Benjamin Strong, | pi™oe HUCRE LAF 00FORE, TRCE 3| tormational Bos G ri’r:nmma‘u‘-:fln.: i T R under ion with some local | governor of the Federal Reserve Bank | D' OF &6 @ a ons, BY WILLIAM F. HEFFERNAN. | | BY J. C. ROYLE. “elling: fnspired by relatively casy Liver- | of New York, sidndn o) AT e i Agen e Star. | | specral Dispateh to Tho Star. pool cable “The, French delrgation expects o dis- ————— jioiaanae s ‘ e Sommens | | NEW YORK, March 6—Motor te-} it B o e tion ot the tssance of| PRICES ON PARIS BOURSE. |zain of about 155 per csnt over se were aggressively carried on « [ nicle registrations and surveys of other }y FCL, 745 69 Cror” Octaber, ‘or about abilization of the Ru-| PARIS, March 6 (#.—Price changes y'la:n;';;dvurnfld ] m.mz:" ‘7,‘;2 re irregular on the Bourse today. — =3 ‘Three per cent rentes, 67 francs 60 cen- T ~ " cables reported local and times; 5 per cent loan, 87 francs &0 £ continental liquidation in Lnrrpnnl‘wHEAT VALUES RlSE centimes: exchange on London, RMLR [ mately 15 per cent compared With | 0716 the breakdown of the confer- francs, 4 centimes, The dollar was 11927, Despite this terrific expansion M pee on production costs, but said there quoted at francs 42 centime iic. stocks of gasoline on hand today | ey “fair cloth sales for India and ON BAD CROP NEWS total between 45,000,000 and 50,000,000 China, although* yarns were quieter, barrels. About March 30 notices were report- —_— Tn the last year consumption of gaso= | = {8 i liiation, during the early Ine gained 125 per cent. as compared faqing “which apparently caused some | Damage Reports From the Central with the previous 12 months. Bul con= |y e month liquidation.” The decline ; 8 sumption has but just passed produc={ o qidq to 1847 for May, while O West Offset Unresponsive Liv- 9 erpool Cables. 113 | consumptive requirements sndicate that | 5168 13500t betow yesterday’s closing | manian curreney will be dealt with. $1540,000,000 barrels of gasoline Will be{guatations. ney dealt consumed in this country this s L his will represent a gain of appro tons, against are decreasing in STANDARD OI1 ISSUES _AND ¥ SUBSIDIARIES —STOCKS. 10 10nu 101 A O non vie it ].\ ! ad- s before the | = | d stocks have not 'bzvull"i\’“‘j tober sold off to 1799, or 7 to 13 poin i ]v:nl\r“ll:'d””y' l"""d'-(‘\";_' L ;\'.!r | I“wi]lfl””h . \u‘rn”h';,m. hov ption of gas gained over 12 per and the ket steadled on cor ,u..mu:lmn (\»r :‘.“'“; 1ml] 1,",»':\\-‘ eving, May selling up to about yeste s increased ove 7 per ce | By the Associated Press, d closing quotations, while late ihe Ao o | variows comunitiees and (el | G0 Vel 2108 points nel higher | CHICAGO, March 6.—Despite tn- | emes, which were form Lot e relatively quiot | Fesbonsive cables, Chicago wheat prices | averaged higher early today, with ad- | verse crop reports continuing to come | | purpose. Perhaps the sittation from the Central West. Sangamon. | might have bren worse than it turned G e Cass and Morgan Counties, Til., reported | Jut if these pians had n on :\uml'fl"‘ WOOL OFFERINGS SCARCE. |average damage would be 50 per cent. | od at all. But there 1s every indication L & i _|Opening at Tq off to0 1y up, wheat saz- | | that crude oil production in 1928 will | 1“’-3““"”@‘3""‘ L “,‘1“”"‘ d-1ged a little further and then scored be equal to or higher than the out in the "\ \',‘“m;,‘ 1," general gains. Corn and oats also de- | s ot veloped <trength, corn starting lower | nd regulate the prorduction of T e but rallied | the lowest. 2 or 3 points from | t to of offer- NEW YORK, March 6 (#). ary gross revenues of the Northern Pacific 926 W means that hundreds of millions of lars are tied up n this crude which cannot be sold proftabl prosent time, and which is co | rific sums in storage cha for 1927 when approximately 866,000~ | S Kot s o 0o o1 of erude oil flowed from the | e e T 'h(!u to 1, higher and subsequently showing earth [ :‘:'“.':"“‘“’“ moand o, advance. Provisions were mostly | Much Put in Storage. | ritory auoted at 1.1541.20, R e i bones s e | About o8 per cent of 1 in | basis: French combing at 1.0° | About 38 per cent o e 1907 over | blood at 1108115, {liree-clght REVENUES LARGER. { Y dded o storage stocks. That | 1t 1.00a1.05 and quarter blood at 95a1.00. | 1_.__‘)_”_[ Fine Ohio flecees were quoted at 49a51, 7 basis; half blood at 51, three- | hs blood at 5lab2 and quarter Gelie hod at H1asz. <aid Charles Donnelly, pre: re_more than $600,000 ab: Iast year. | dent. Al- il g pg U : thouzh operating conditions were not to %arry them over| SEES BIG RETAIL TRADE. as favorable as A vear ago. he wi o | NEW YORK, March 6 (). —Big retail | confident net operating income wou ons of barrels of oil | perchs this Spring ,:.1;'1""0(1 'hll' $}';‘N.':fl5 for last year. Af on, That means | forecast by on, president of [the final hearing in Washington. | to | F 3 The Pebrin rch 19, on the proposed merger of It! \ | the Northern Pacific, at Northern | land the Spokane. Portjand & Seattle, | = = ; Mr. Donnelly ! Gl Norily' 653 would be submitted and general pr ples under which opposing and cor ting short lines could be brought o the merger would be outlined. d rebuttal evidence | - Upshur St & g the g was more or le: BUYS PATENT FIRM. NEW 6 (#)-—The has acquired | the Detroit | S CO! PORATION—The Tex: Life Insurance Company of Virginia Incorporated 1871 HOME OFFICE: RICHMOND, VIRGINIA JOHN G. WALKER BRADFORD H. WALKER Chairman of the Board President Financial Condition December 31, 1927 ASSETS Bonds and Mortgage Loans on Real Estate. Railroad and Public Utility Bonds....__. United States Government Bonds. vidend of *| GERMAN BONDS AND STOCKS. . March 6.— i e S6EEREINS R 717.076.88 §70,262.12 el State Bonds 5,550.00 s and | 1'1»”:«:\“‘;!;-]-) | t\‘ iyt ; .\lpnicipnl Bonds .. 19.:;(_100 simacd [ “loidat Teast 1006002 | B 1 i i i )llsccljancnus Bonds __..._. 137.365.10 { 000 barre ] Munich A% g Real Estate .. 2.269,999.64 | The Ru e gradual s ! Loans on Company's Policies ... S i Lk ARG . Cash in Banks and Trust Companies on Interes! - 1 an Cash in Offices and in Banks Not on Interest. Interest Due and Accrued ... Sk . = Net Uncollected and Deferred Premiums and Premium Notes and All Other Asscts. pota exploi | SILVER QUOTATIONS. [ et e b | NEW voOR ver, 57'a; Mex ell, Eng: rmalades and - 'Your Small Jack or~Jill Slléfild, Tdo Every small Jack —and Jill, too— Total Admitted Assets LIABILITIES Reserve on Policies in Force as Computed by the Actuary should have a growing account in a Build- | of the Company . §$46.025,436.00 ing Association. The savings habit can. All Other Liabilitices .. 2.726,022.19 not be formed too carly. Saving a cent a day amounts with interest to well over one hundred dollars when your child reaches 21 years of age. Many thoughtful parents take their kiddies regularly to the National Per- manent and let them deposit their save ings themselves. It makes a child “feel big” and is most effective teaching. N National Permanent %Y ‘Buildiné?\ssociationifl Total Liabilities Capital Stock ... Surplus ... i SARTSTASRD $3.000,000.00 1450,531.69 Surplus of Assets Over Liabilities ... § 86,237, 989.8 Total .. We have examined the books and rec GINIA for the vear ending Decen of Assets and Liabilities at the ¢ We have examined and verified all Morrgage by the Company, and have proved that the B ber 31, ed the Cash on hand, a0d k Banks a of the Company, and the Legal Reserves ance. We certity that, in our opinion, the above Statem sts forth the teue financial condition of the Company on De H. Under Supervision of the U. S. Trea 949 9th Street N W Just Below N, Y. Ave Richmond, Virg nia, Feb tatement of Operations During 1927 GROSS INCOME oS 1HOTOS964S INGRE ASIE LN GROSS INGOME S 900700 INCREASE IN INSURANCE IN FORCE § 2044220400 —And That First Cost | Is the Only Cost HORSE HEAD ZINC cannot rust and its nse TOTAL NUMBER OF POLICIES IN FORCF 1259207 INCREASE IN NUMBER OF POLICIES IN FORCE X462 DEATH CLAIMS, Ere, PAID TO POLICYHOLDERS § 42248 3ol sanization, $47,297 9030 Payments to Policyholders Since Qv —— Growth of the Comy t Quarter Century Nooof Policies Outstandiog ‘ ‘ . ! ; u does away forever with { Yoar| Gross Income | Assets at End RS e Sneoids tad o AL 1 4 A the cost of maintenance. | lor the Yeur | of Year Eud of Year “”:lm\\c:: fit ! S | .vv{ : s | It never needs paint—and ‘ |nn;{ LASS248 10 308087 § Ao i i | et et i b i will even ontlast the build | :::'I'; | ASLI0 Q042 101N : 1 ing it covers. | l“l‘:‘ | T::‘ ::;:: SO0 NAY 0 « | " ; : " . 22 | LOLS 037 L0300 : st o ! I . il el Horse Head Zine is ml.|1‘<|'n| Lo e onany rool, | ‘ 1927 | | |:_‘5\,::‘;: l\“,“\,‘\‘“,:, i ‘ o ; el | Of I vour present roof is cansing you trouble, call us | | e L i — , "' : W L0 BN new BT refened shares, 65 000 < s | d y e omoct o oot ) of pre and we will gladly estimate the cost of veplacing it l 1 1 ‘ ‘ eried ar sndinar res et Voo liane - ¥ Gan ‘ i Fin proportion of one new share for pernanently-—and at very moderate cost, | A M98 e s Tiie Hew. Yok akenos.of BAnas. Botad | | E. CALL, District Manager H o tranyer wi'l neee deposits o % H v " \ v . SN N e 5 Y hiares T s ption wiih Marels 10, | Convenient Budget Payments 205-209 NATIONAL SAVINGS & TRUST COMPANY BUDG, f | oM H h . | e o o I CTED TO BOARD. i Washington, D. Q. %) wiy I \ SO - TR LBt prestdent of the Btandard Ol 1110 9th St. N.W. Fr. 286 4y i | b | Go. of Bew Vark, toduy wan elected w « INJWV, . . . A A Lt of Amerdian Can Co,, sicced p e i i g May 1, x‘,mnum ! | Visit Our Dinplay - Applievs of Zine and Ashestos 4 Foot ] . e 5 Alrace-Lorratne s 1,950 mlles % ki e uperstio T P L Tt TR B et s | n n