Evening Star Newspaper, March 7, 1928, Page 14

44 o= FINANCIAL. THE EVENING STAR, WASHINGTON, D. €, WEDNESDAY, MARCH 7, 1928. Money to Loan W by first deed of trust on real estate revailing Interest ' commission Joseph 1. Weller 3:0 Wash. L. & Tram WASHINGTON AREA Blde., 9th & F N.W. LET US BUY PROTECTION For your family—$5.000 life insurance Send date birth and we will myl you a at are 3. of vour low cost illustration | LE ROY GOFF Insurance in All Its Branches 610 Woodward Rldz. Main 310 —will cost $44.65. Mortgages Investments {JAMES Y. PENNEBAKER Member Washington Real Estate Board | | | Main 5328 1520 K St. N.W. I 1st Trust Loans Any Amount D. C. and Montgomery County Large Construction Projects FRED T. NESBIT 1010 Vermont Ave. M. 9392 Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life ins. Lo. 1520 K Street LOANS ON REAL ESTATE w first deed of trust on 2s Dronenty. Prevatiing interest iamat evlies. 1o Al Applieations THOS. E. JARRELL CO. REALTORS 721 10th St. N.W. Listed and Unlisted Securities Bought, Sold & Quoted (Trading Department) C. E. Moran & Co. Moran Building 1716 H St. N.W. Main 3628 I WILL SELL 100 Units Real Estate Mortgage and Guaranty 7 9%. 100 Units Wardman Mortgage & Discount 7 8% 140 F. H. Smith 7':% pf. 7@ 85. 3T International Finance @ 60. 20 Trust Co. Northern Va. @ 95. 10 Washington Theater bid. THOMAS L. HUME 1412 G Street Main 1346 You can't place price before Quality and ex- pect Fauliless Tailoring. e M 920 17™ STREET KW INVEST 263 Monthly SPEND $£10.000 In 120 Months $63 monthly invested in Investors Svndicate Certifi- cates vields $10,000 in 120 months. This $10,000 is econditional guaranteed by a third-ol entury old hoose with asets in excess | of $19,000,000. 1 Larger or smaller amounts | grow proportionstely. Look into this convenient Plan to- day. Mail the coupon for full information W S-6 INVESTORS SYNDICATE Established 1894 Barr Bldg., Washington Telephone Franklin 1839 ADDRESS .......... | THE POWER OF TIME & MONEY PNl T T %, 5 ) Appans S %3 FULL PAYMENT INSURED REALESTATE MORTGAGE & GUARANTY | CORPORATION Coprtal Keswuries § 5,400 600 JACESON PLACE s ——— Wire Direct to The Star Offi | BUILDING GAINING, — 1 Adv Rumley . Ahumada Lead.. Alr Reductn (5). Ajax Rubber.... Alaska Junea... Albany Papr(2). Albny Pap pf(7) Allied Chem (8). Allied Cm pt (7) Allls Chalm (6). Amal Leather. . Amal Leather pt Amerada (2).... Am Agricul Chm Am Agri Ch pf., Am Bank N(13), Am Beet Sug. Am Bosch. . Am Brown Bov. Am Br Sh(]1.60) Am Brown Bo pf Am Can (2) J Am Can pf ( 141 AmCar&Fdy(6), 105 AmC& Fpf (7) 131% Am Chain pf (7) Am Chicle (3).. AmChie pr pf(7) 1 Am Drug (80c). Am Encau (2.40) Am & For Pow.. AmFPow2dpf(7) Am Hide & L pf. Am Ho P (240) Amlce (1234), Am Ice pt (6) Am Internati(2) Am LaFr&Foam Am Linseed. ... Am Linseed pf. Am Locomot(8 Am Mch& F 1801 10 14 268 110% 0% “ Fifth Reserve District Show Increase. 12 119 1% 70 0% 19% 651y 84 15% | —_— ‘ BY EDWARD C. STONE. The Federal Reserve Bank of Rich- mond reports that, after failing for 15 { consecutive months to equal the record | of the corresponding month of the pre- ceding year, building permits issued in | 20 leading citics of the fifth reserve| district turned upward n January and reached the highest valuation figure reported for any month since March, {1926, Permits issued for new construc= tion in the 29 reporting cities numbered 1247, compared with 1,010 permits }issued for the same class of work in January a vear ago. while January, aluation figures totaled $20,725 compared with only $7, | the corresponding month of 1 | _Seventeen cities issued a larger num- { ver of permits, while four cities issued the same number. leaving only eight | cities which issued fewer permits than | in January a vear ago. In estimated | valuation of new work, 17 cities reported higher and 12 citics reported lower | figures in_January, 1928, than in Jan- uary, 1927. In total valuation of all| ! s of work, including both new and | tions or repa gained i\\mle 13 declined in comparison with January a year ago. | Among the individual cities, the fig- | ures for Durham, N. C., stand out with | a total of over $7.000.000. due to e ve construction at Duke University. imore’s gain of more than $4.000. { 000 and Washington's increase of nearl: { $2.000.000 also stand out prominently, | Richmond, Charlotte and Winston- | Salem reported substantial gains in work provided for. but Norfolk repcrted | & decrease in estimated valuation. Next to Durham the highest percent- ag e in valuation was reported | by Clarksburg, W but this was caused chiefly by low fizures i January 1 rather sually larg tals in January this year. The :ame | statement applies also to Raleigh, but to |2 less degree, Raleigh's January, 1928, | total ranking fifth among the cities of | the district. ng contracts IR | altera Am Metals (3).., Am Piano pf(7). Am P& Lt(f1). ¢ Am Radlator (6) 14 Am Ry Exp(6).. 11 Am Repubile... tll Am Saf Razidlg Gui Am Seating (5). 40 AmShip & Com. 4%, Am Smelung(8) 1730 Am Snuft (12).. 1584 Am Sauft pf (6). 105 Am Stl Fdys (3) 1% Am St Fy p07) 113y Am Sugar. 6% Am Sugar (7). 105 Am Sumat o b Am Tel & Ca (5) Am Tel & Tel(y) 180t Am Tobacco(8). 1 Am TobaccoB(8) 1 Am Type Fo(8). 11 |Am WAVEELcl) bty {AMW WISt pf(6) 104% | | i aworded i totaled * 606.830. including both urban and rural | construction, compared with 327.776.000 | ded in January, 1927. Of the Jan- . 1928 total, $11.039.270 represented contracts for residential types of con- struction. according to statistics col- lected by the F. W. Dodze Corooration. Bonds Lead Washington Market. { . Bonds were the leaders in the Wash- | ington stock market today, many dif- ferent isspes changing hands at firm | Prices. Capital Traction 5s sold at 104, | Washington Railway & Electric 4s at 195%. Georgetown Gas 5s at 104 and Washington Gas 6s, series A, at 105%. Gas Gs. series B. came out at 106%. | Washington Railway & Electric general | 65 registered 103%;. | In the stock division Railway & Elec- | tric preferred ran up to a new high | for the year at 104. One share of Capital Traction sold at 111%. Poto- | mac Electric Power 6 per cent preferred I’came out at 111'5 and the 5 per cent stock at 1111, Sanitary Grocery preferred opened at 107'4 and closed off !;. One hundred | shares of National Mortgage & Invest- | ment preferred changed hands at 5% !There also was a sale of 25 shares of {he | Am Whise pf(7) 108 Am Woolen pf.. Am Zinc..... Am Zine of...e. Anaconda (3) Archer-Dan (3). Arch-Dan pt (7) 1 ArmourDel pf(7 ArmourofllitA) Armouroflil(B) Armour Ll pf(7) Arnold Con & Co Asso rv Gi2lg) AssoDG JEEN B TR a4 Atch T&S Ferts. AtiCoast L(11v) 1 AU Guif & WI.. At Guif& W1 pt. AUl Refining (4) 102 AtlasPowder(4) 7l Atlas Pow pf (6) 1083 Atlas Tack. 11 Auto Sases. Y AutoSales pf(3) 33% Bald Loco pf (7) 119% Balto & U (6)... 1115 Bang & Ar pf(7) 1l Bank of Am (12) 605 BankofCom(18) 563 Bank ofMan(16) 570 Barusdl Atb2hy) Bayuk Cigars. Bayuk 15t pf7) 109 Beacon Ull..uen 14% chnut (13).. | Press Building Refinancing Voted, et 1 The directors of the National Press!Belg Rys pf 4.12 | Building Corporation, affiliated with the | test & C0 (3).. | National Press Club, have voted to re- | Bethlchem Steel ]hnunce the corporation with a bond | Beth Sti pf ¢7). | issue of $8,650,000, to be issued by Har- | Bioomingdale | Tis Forbes & Co. of New York and their | Biumenthal pf. | associates. The directors state that the | Bon Ami Cl A jpew financing, which was proposed | Booth Fishery {some time ago, is to be carried out be- | Borden Milk (6). jcause funds can now be obtained at|botany C MillsA much lower interest rates than was the | Brigs Mfg Co.. |case two vears ago when the project | Bkiyn-Edison (8 was started. The plan also is intended | Bkiyn-Man {to make better provision for sinking ! Lklyn Un Gas(5. 14 fund requirements | BrownsShoe(Z% ) Directors Declare Dividend. el ) The directors of the Washington | Bucyrus-Erie (1) | Mechanics Savings Bank at a meet- | Bucyruscv (%) ing today declared the regular guarterly | Burns BrosA (s) jdividend of 4 per eent. The disburse- | Burns bros (B). | ment is payable on Apr - | Burroughs(14). ers of record March 20, the president, ! busn Tern (g2). 6l {Ezra Gould, stated | Bush Ter de (7). 110 Several Iocal bankers are planning to | Bush Trm pt (7) 116 attend the annual econvention of the | Butte Cop & Z... e Reserve City Bankers Association, | Butte&Supert2) 10% which meets this year in New Orleans Butterick Co. 50% on March 14-16, Butterick Corts 1 Charles J. Bell, chairman of the | bver & Co 05ty board of directors of the American Se- | By-Products (2) 66 curity & Trust Co., has returned from a | cqupir packe (4). two-week visit in Florida. He was most | ‘y| et ofs (1) cordially greeted on the local stock ex- f Petm (1), change. The Treasury will announce March 15 financing tomorrow Local bankers look for a_double offer- ing consisting of cash financing and an exchange issue for refunding third | CuseThreshi(8) 263 Liberties, although Secretary Mellon [ Cent Alloy (2).. 9% has not yet disclosed any of his plans. | Century Kib M., 13 The Federal Resery condi- | Cero de Pancuid) b of 649 CIMBEr | Certain Toed (4) bk ding ci Chruary | Certo Corpnerd) 8% shows increases of | Chandler Mot pf. 1% £74,000,000 in loa wat-1°b 15k016) 5693 000,000 in invest 3 B & UBIOLY) 190% net dem $11,000,000 in time | C & O Corpn (3). 4% depost 20,000,600 in borrowings | Chi Great West, 10% from Pederal Rescrve Banks N G West pf. L3 Other Financial District Notes, koL il B | T 1 i« WIM&SY pfin) The Lincoln Bank had B! Cuia two o)., Kbty zain of » the 1ast| Chi Pue Tool (6) 133 | % s om Feb- | Cht Rock 1060, 111 {rusry 28 amounted 10 36856 44308, a5 | G 40 g & p p8T ). 108 | compared with deposits on December 31| iy Yel Cubis) ., 86% of 86,506,751 23. The increases made by | Crijas (2.40), .00 4% still being | ¢ NEWdes iH% s 108 | Chrisu B (1.20). 117 n be com- | Chrysier Cor (3) 6% | City Btores (). Jluetl Peab (b). > wlm (b)), & Alke4) 404 4008 Chapin-Sacks 8 per cent referred in | the unlisted department at 104, 2261 160 161 its Caluiet & Ar(6 morning. Calu & Hecla (2) 21' (Canbry G Ale(3) 6di 0 Pacing (109 208 5 a8 for 21.000.000 in | ¢ e slon that net earn. | and other deductions | 81005436 compared | Col Kuel & lron. 78 ary. 1927 $1,210,- 1 Col Gow & 1 (6) 91 9492 1n 1925 | " ere 39 1n | 2 1926, and § February Com Cred (1), ComCred 15061 L Com Cpr 18 2y 5| Com Cr pf (1%) 6= | Com Iy 'Le 3.6, 239,977,966, com- | Com bn Tt pt 6% the same | Com solentn(s ), @ galn of $5,465529, or | i Bow (L), | Congateum-Nair Yl Ltk ni-store compy Jes report an 169 Gty 24% k0 Bi'y I 154a 102y e wotul of called tsues in | L third Gargest o far re- |0 gl aheout 850 006 000 Lelow record of ast January AL B Debate Committee Named o Wurhiig | Consob Testile,, % e chaptey | Cont Bake A (4) 47 committen 1 | Cont Baking 8., 41 omities 181 Cont Huk vt (8), Lincnin Ha- | Cont Can (8)..., on Leith, ety :_":r: ;“ ikt 1y e al Bank, Mi s sy ishag Wiiie, Federal-Ameriian Hatioa | Corn Fra (18).. LA 39 NUred. SORDRREF ty Ina (gb)... o Hational s o | Cruotuiesniesiie Sekiny hirioris o1 Crucible pf(1) Periey, Amenicun Security & | Cruclons erliles | Cubis Cane Eu vt [ Cutian Am 8 (1), | Cuttany Uk (4), Curtinn Asio (1) Cushonn's (§4) ., arsi sl | Consar Listrb; | Conmot Gys ()., | Consuitian pf(6) | the big terchiagter deliat Al Jismmie 5 % v tional Brnk Tom il 17 Wity 1" ik Triust Cy Wk Spring meeting of ie board of governors of Ui Lnvestnent anker Assciatuon of America will again 1 st White Sulphur Bprings durh week of May 38 Dhe tssho | wsard) will strt on Mandag, Cuyams| ¥rult,, will continue Whrough ‘Phusduy, | pavison Chem., , 1 | el & Bun (9) ., i fepate of e W | Del 1 & W (1), ent of var demnitice al- | D RG Wat pf. wea by Ui Mieed Clatimg Commisiion | Hevos & Kid.40) Cnricl tire dniurance compaiice ol Deviek R 1at(1) it ey gty SY0,050.909, e WARIHOAA BL (1) | 1hie 1 | und ity “ 114 T Quotations to High. 1 1831 10 4% 27 110% 15114 123% 119 15t a3 57 Sl 141 1051 131% ow. 767 13% 2%k 1801 9w 4 26% 2:86. 1% 4 274 1824 10 4 27 110% 110% 150% 15 1094 109% 1 1 1 60w 4014 1y 1780 158% 108 627k 114 6113 1051 1 15 n 1045 2 109% 144 Bl 781 1154 1 1024 71 108% 1 9 33 1191 111 11 610 63 1 3T 109 145 »0 21y 2% 161 61 110 116 6% 104 blde 9974 [N n 649 20K% 264 1 620 bt 4 b8 191 4% 104 12 13 40"y 8113 69 a1 19 61 604 10 4% 08 614 60 4 . 08 90 145 By 8y 43t 42 40'x 0% ' By 83 11 i3 50 1's Ghle RO 113% 41 81'y 0w 1414 60 40 4% 1714 171 158% 158% 108 61'% 113t 118 61 1051 105% 1794 180 16813 170 118 oY 104% 104% 108 1081 1 Bly Ny 4y 42 46k 1015 102 0% 108% 1054 11t 1194 1 11 1114 111 600 6i0 563 161 60% 10 96y 0 1338 133% 138 Tt ) 1K1 T 4 i 17 1 At Tidhe ity 0 0s dhity a8 “h 17 605 10 104 17 W wol, 1075 1075 24 ity 4h A ) 1 G99 Al % B10s 1y 1i88% 10 q N 41 i i w0y Tin 10ty ke 1417 »il 1 ity Lo Vi, o 114 s n ' nnin [ENTEEIN dozvy jozty nh 1 Bty 1 Poie ity 14 § Gulf Stat | ingersoll RA(15) 5 p.m.—Final Quotations in Open. High, Low. Dodge Bros Cl A Dodge pt (7).... Dome Mines (1), 111 Dunhill Int (4).. 62 DuPont deN(10) 342 nastman (18)... 166 Eastman pt (7). 125 Katon Axle (2).., 34 Elec Auto L(6).,. Electric Boat. Elec Powr & Lt. 36Y% Elec P&Lt pt (7) 110 Eleo Refrigeratn 14% Eleo Stor Bat(b) 77 Em-Brantzm(A) Ty Emp Capwell(2). Knasiohn (6). Sndicott vE (7)., _1; Kineers Pub 8 188 707 Erle 1st pf Fed Ligt(h1.40), Fed L&T vt (6). Fed MotT(f80¢c). F1d Phoe Ins(5). First NatS(1%). Fisk Rubber.... Flelschmann(3). Foundation Co.. Fox Film A (4). Freeport (1%).. Gabriel Snub rdner Motor. . Gen Am Tnk(4). Gen Asphalt.... Gen Asph pf (5). Gen Cable A(4).. Gen Clgars (4).. Gen Elee (15)... GenElec sp(60c) Gen GasA(01%) Gen Gas B(el%) Gen Motors (5).. Gen Mot pf (7)., Gen Outdr Ad(2) Gen Ry Sig (6).a Gen Refrac (3). Glllette Raz (5). Gimbel Bros. ... Gimbl Br pf (7). dden Co.. Dust (3)... ioodrich Ru (4) Goodrich pf (7). Goodyear Tire. . Goodyr 15t pf(7) Gothm Hos 1214, Gothm new 121 . Gotham H of (7) Graham-Paiza. . Granby Con Min. Grt North pf (5) Gt Nor pf cfs(5) Grt Nor O (1%). Grt Wn Sug 2.80 Gt West S pf (1) Green Canan. ... GuM &N pf(6). Stee) Gulf Sta 1st(7). Hacknsk W(1%) Hanna 1stpf... flartmn B(1.20), Helme G W (3). Hersney Corp. Hershey pf (4). Hershy or pf6) Household (14). Houston O11 Howe Soun: Hud Man (2%). Hudson Mot (5). Hupp Mot(1.40) . lilinots Cen (7). b5'% 50% 103 BIEN 115 1015 19 401, 91a { Indep Ol (1)... Indian Mot (1%) Indian Mot pf(7) Indian Refining !ndian Refg ctfs Ind Ref pf(7)... 13in 134 110 o1 160 18% 14 131 Inld Stl (p163%). Inspiration Copr InterboroRapTr. Intcontl Rub(1) Internat Agri... int Agricul prior int Bus Ma (6).. Int Cement (4).. Int Com Eng (2) Int Harv (16 IntMtch pf (3 Int Mer Mar pf. tat Nickel (2) Intl Paper(2.40) int Paver pf (1) Inter Salt (6). intl Siiver Int] Silver rts Int Tel & Tel.-(6 Intertype(t1). Jewel Tea...... Jones Bros Te; Johns-Maran(3) 57 100 A 81 ; | Jones & Lau (7). Jordan Motor. Kan City South. KayserJ (4). Kayser (rights). Kelly-Sprin Keis-Hayes (2), iKennecott C(5). Kinney pf (8) Kraft(g113). Kresze (11.60).. | Kreske Dept S. . Kroger Grociel) Laclede G pf (5) Lago VI Llbe) .. Lambert Cotb). . Lee Tire & Rub. LehighValidly) Lehn & Fink(3), Life Sav 11.60). Lig & Myers(15) Liz&MyersB(16) Lima Loco (4).. Lia Carb 13.60), Loew’s Ino (13). Loft........ Long-Bell (A).. Loose Wile1 60) Lorillard Co. ... Louisiuna Ofl. .. 1024 B0 LoulsGasA(1.95) teCrory B 2).., Muck Truck (6). Mackay (7)..... Mad Sa Gr (1) Magma Cop (3). Mallizon & Co Matlinon uf (7), Sup (6), Mariand Ol Marlin-Rock(2), Martin Parry, .. Muthieson A1(6) May Dept 5(4).. ates. .. Mid States Ol ct Midland pforz) Mitler itubber Min Bt PESSM., MELPASS. Mo Kan & Tex., Mo K&Tex pfi7) Missourt Paciic Minsourt Pao pf, u Pow b nry With 0 Motor.,, ., Mother L (60c), Motor Met (i 60) Motor Whi (2),, Mulline Mfg, .., Munsingwr (3), Murray Corp. .. | Nash Mot (16%) Nat Acie (sta)., Nat Holias Hens Natishons pri7) Nat Biseult (17) Nat Biso vt (1), Nat Canh (AN o0 Natl Daley (3)., (sl Nat Dapt Stores. 211, Nat Distibiers, Nut Distillers vt mal & . 106ty anty TN 1ty Lt 47 24h Nt 1 ety Tonty 17 Vit at Had prod at ity Mex zd Nat Surety (10), Nevada Col%) NY Al B (8 NV (8, NY CE&HILAB). ., NAYNHS Hurt() NY NHA T 0T NY Ont& Wi, 20y NY Hteam ut (6) 1010, NY Hun ot A (1) 118 Niag I o (1% ), 1R Norfolk&W rin) Wi 1T NOrA B IO %81 North Am pf (§) horAm ka pt(1), Mty PR 1874 71 110 14% ) T 104% 1314 STEN 401, 19 1 13% 110t 01 47 18% 102 $0t sty ihty 106t a6ty 1o s It K% 12 i 1001, [ RN ity ity In Vi 0l Bl 10 1814 “w 1% 62 339 166 2:55. 185 0 1% 62 330 103 19 20y TN 19% 129% 1% 10 a1 1181 124% 110 91 46 It 1o i 6R'Y HEA 106 ahhy Wi il (BRI [N 1ty aiy 2 Nty 12 iy 1001, 10t 1y Wity and (TN iy 1061 [ 0ty 1y 010 " 0 (5 Ay by 10 101% 19 203 294 114 Y BO% k2 19% 13 1y 1104 ol 46t a1 Wty HIAN 106 Al it Ho Lt titn tin TN N 10 ity Bt 12 Gitte Tty 1uy KR 1908 Al o it [ LR 11y Lty I bty 1315 404 5:30 Edition, North Pac (6)..1 Nor Pac cfs(b) Orpheum Cirenit Orpheum pf (8). Otls Elevatr(t7) Otis Steel e Otls Stl pr! Owens Bot (ct4) Pacific Gas (2).. s & Kl rts Stubs. Pac Tel & Tel (7 Packard Mot(3). Pan-Am Petrolm Pan-Am Pet (B). Pan-Am West B, Parmt-Fam(ji8). Park & Tilford. . Park Utah (80c) Pathe Exchange Pathe Ex A . Patino(a 1-3) Peerless Motor.. Penick & Ford. ., Penn Dix Cmt(2) Penn R R (3%). Peoples Gas (8). Pere Marq (18). Pere M prior (5 PhilaCo8 % pf(3) Phila& RC. Phila&RC&I cfs. Philip Morris. Phillips Pet 115, Pierce-Arrow. Pierce-Arrow p! Pierce Petroim. . Pilishury (1 60). Pillsbry pfe6ig). Pitts Coal pf PIUs&W Va6).. Porto Rico To B. Postum (5) Pressed Stl Car. Prod & Refiners, Pub Serv NJ(2). Pub Serv pf(6). Pub SB&G pf () Pullman Co (1), Punta Aleg Su; Pure 011 (3te). Pure Oil pf (8) Purity BakA3). Purity Bak B (2) 1 Radlo Corp of A Reading Ry (4), Reading 1st(2). Reading 2d (2).. Real Silk Hos. 13 105 Rep Ir & St1 (4), Reynolds Spngs. ReynldsTobl3(5) Rossla 1os (6).. an (T8, Sank' pr(6) St L&Southwest. | Savaze Arms. abd Air Line.. eab Air L pf.. eagrave (el ears-R (n eneca Copper. . hell Un (140), tmmons (2) Sinclair Ol .u.. Skelly O11 (2)... Suider Packg Co Snider Pkg pf... | So Por Ric S(r2) South Por pf(3) South Calif Ed.. South Dairies A. | South Dairies B, outh Pac (6)... outhern Ry outh Ry pf (5). ouRy M&O cfs 4 wlding pe (1) Spear & Co pear&Co pt picer Mty G & k3% 1d G & I pf (4) td Mill (5). tandO Cal(2t ) SOILNJ (Tl te) 1 OINY 11.60) td Plate Glass. Std PiGlass pf.. [ Steris Proact?). | Stewart-War (8) { Strom Car (2). | Studebaker (5). | Submarine Boat. | S| Sun 01l (n1). | Superior Ol . weets of Amer. | Telautogh (80¢), o Copaer (1) exas Coipn «3) Tex Gulf Sul (4) Tex & Pacing. ‘he Fair (2.40). 'hird Avenue. .. Idewater AsOI . "idewater O1) 80 ide W Ol peis) imken (15). ... obac Prod (m). Tobac Prod A (7 | Transcont O11. Transue & W( Udwa-EI F (4. | Un BagxpPapdr.. Union Carb (6). iUnOllor Calt2). Inton Pae 110y, ton Tank (5). 1 Biseut pfi7) | UtdCKrstCaoe) | Utd Cir St pf(6) | United Drug () | Utd Drg tst (34 | Utd Dyewood. .. Utd Fruitcroty) USCIHPEFI0) 2 U S Distribating | U S Distei pee1). LU S Hoitman «9) 1 US Alconol (). 'S Leather 1 S Lo prpfo Iealty (4) Rtubber. .. Rub 13t (8), U S Steel (7) U 8 Steel nf (7). Unt Leat Tob(3) ni Pipe & Rez), UL P& LEAel), Vanadium (14). Van laalte. . . Van Raalte pf. Viek Chom (4).. Vietor Talky (4) Vietor o ol (6) Viator pr pf (1 rCh 6% Va-Car Ch pfi7) Vi Ir C&C peeb). Vivadou (b10) Vivaudou nf (7) Vuloan Detin Wabasn. .. Waldort (1%) Walworth (1.20) Ward Haking B, Warner 110 A Warner-Quini) Warren Hrosid) . Warl's I*ipe Cor West 1 10 (6).,, West I 1o pt(1) Wont DalyA(4) Western Dalry B8 Waeatn Pagi Weathse A H(¥) Waestinghss (4), Westhas Int (4) White A White Hoek( Wihite Hew Mavh Willya-Uveriaha Willya-Od pf (1) w Pumn. Welht Ao (4), Wity W 1ty Yales Town(th) Yollow Fruvk. Younstn dhib) urly Nales on A, A2 100 BBk 1,000 000 (i i n NEW YORK STOCK EXCHANGE Received by Prival 110 S 16t i in 1IN 170 15 1ony [UEN (IR 1o ity o2 RN @ (LN " o B (N NOY ., e HEAVY REALIZING - ON STOCK MARKET Turn Downward in Last Hour Follows Period of Strength. Low. 94% 9% 85 2:55, 94Y% 91 a5 12% BY GEORGE T. HUGHE! Special Dispateh to The St NEW YORK, March 7.—Although there were intervals of strength dur- | ing which new highs were recorded, in- cluding one for General Motors above 150, today's stock market turned reac- tionary at the close. Realizing sales in the last quarter of ! an hour were too heavy to be absorbed without concessions and the market | left off with prices for the leaders gen- erally lower, although the losses were not large compared with the extent of the recent rise. After the spectacular display in Gen- eral Motors at the close yesterday, at- tention was concentrated on that stoc at the openirig today. The initial quo- tatfon was 1503, contrasted with the preceding close of 150. This made another new record for the $25 par shares. The first burst of strength was followed by selling, which carried the price down for a fractional loss on t day. The stock was well supportec, however, and probably offerings repre- sented more profit-taking than new FINANCIAL. R ——— INITIAL DIVIDEND. NEW YORK, March 7 (#).—An in- itlal quarterly dividend of $1.75 a share MORTGAGE LOANS ANY AMOUNT Secured by real estats én D. C.. nearby” Ma. and Va, Pravalling Interest and Commission was declared today on the class A stock ofaUnlon Tobacco Co., payable April 2 to holders of record March 15. KE;! H M. LIVINGSTONE 605 Ameriean Bldg.. 1317 ¥ 8t. N.W, Main 700 and 5612 Equitable Co-Operative Building Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 43th YEAR COMPLETED $5,292,042.70 Surplus +.81,511,115.87 Subscriptions for the 94th Issue of Stock Being Received Assets Save the $ystematic Way —Join the Equitable Whether you are saving for an automobile, a house or to make an investment, do it systemati- cally in The Equitable. Our plan helps yon accumulate money quickly. Come in and let us teil 5 F STREET commitments for the decline. Short clally popular just now. United States Steel Sells Off. United States Steel sold off in the steel had not been the object of such organized buying on the day before. The principal weakness, however, in the rubber shares. United Sta Rubber first preferred slumped over 6 points right at the opening to a new low for the vear, which was also the lowest since 1924. This loss was on top {of a 4-point drop Tuesday and led to discussion of the safety of the dividend. The common stock was heavily sold, likewise dropping to a new 1928 low. Goodyear and Goodrich went sympathetically. Explanation of the liquidation in the rubber stocks was. of course, the de- moralized condition in the market for ' the commodity, where an avalanche of selling orders had forced losses amount- ing at one time to 230 to 260 pointe. i Utilities Are Strong. | The onc consistently strong group | priced stocks. A long list of these were | the year. notably Engineers Service. American, Power & Light and Utilities Power & Light A. Buying of the last named really started the movement, which spread rapidly. Among other issues in demand were North American, Public Service of New Jer- | sey. Standard Gas & Electrie, Eleetric | Power & Light and American Water | Works. | _ Announcement of the increase in the | Rock Island dividend rate from $5 to 36 annually had little effect on the stock. which seemed to have discounted it. At 111 and paying $6. Rock Island yields only 5.4 per cent. St. Louis-San Francisco, which has large holdings of | Rock Island. was slightly higher. | The market for the specialities was ‘murh mixed. Greene Cananea was | very strong, up over 6 po crossed 130. Corn Produ new high for the year above inghouse Electric was in dem: advance from 2 to 3 points. On the other hand. Radio was lower Inter- national Nickel reacted and Woslworth gave way though not siznificanily. The market hardened in the after- noon, with stocks that had been under pressure earlier in the day staging a {pronounced comeback. Even the rub- ber shares rallied, U. S. Rubber pre- | perred recovering somewhat more than | half of its opening loss. Radio started jupward ag: and so did Freeport | Texas. Chrysler and Nash did better. | 'Among the rails Canadian Pacific was the favorite of the dividend payer: and the new St. Paul issues of the spes ulative stocks Paul preferred above | 39 was at a new high. Electric Power | & Light was the most conspicuous of the public utilities, ST, | RUBBER PRICES BREAK ON RESTRICTION NEWS | By the Assowated B NEW YORK, March 7.—Cable advices from Singapore indicating that the rubber trade generally is in favor of re- | moving the present restriction on rub- | Exchange today. All futures sold at the lowest elevels in the history of the e change. the March option declining to 26 cents a pound The reaction here followed & similar break of 1% pence in London, spot rubber reaching the 12-pence level Dealers there were said to be hedging against purchases in the Far East. wh speculators were liquidating heavily. In the New York market an avalanche of orders followed the cables, which ex- | plained that a questionnaire had been issued to the trade in Singapore and that a majority had voted in cam eliminating restrictions The decline in the local ma resents a drop of about 13 | pound “from the vear's high of cents & pound for nearby positions, PROFITS AR'E SMALLER. Globe Automatic Sp Add New Safety Line. NEW YORK, March 7 (P.-~The Globe Automatic Sprinkler Co. reports | 1927 profits of $277834, compared with $301,711 for 1926 Notes and ac creased from $1 due to a new policy of selling sprinkle systems on the istallment plan Expansion of sales organtzations and ! Increased advertising expenditures ac- counted for the decrense in net profit A M. Lewis. vice president, said The new “Phomene™ system for fight- | ing oll fires, developed by the Pyrene Manufacturing Co, fointly with Globe, Will be added to the latter's line. FOREIGN “XCHANGE. (Quotations furnished by W. I Hibhs & Co ) Nowi valuo ¢ Al &old Selling checka | NAGd SNy | Lt elia i i i 15 1s 1oty 100ty Y 1o i L000 | 1 me [T 1o SRl Lty W [N Canmliaeen Ol " Stockhutin French at the 700 years st time 1 the hiatory of the Letpets Trade Fair | Leipzig Fair, : | 00ty iy RTINS Ay the French government will offietally par- | tetpate in the Spring fate, which will | bo hold Mareh 4 to March 14, 1o | MY Fales an KIven I Wha sbova Gt A e YIS et on the Fiv e e vearty . Vons. | Wi el en b Or il iy 4 ikl Tt tess tan i e B | * by 0 " (R 0 Y Haly iy Aty Mirket 1,153,000 031,000 W stk 1 Elue 2L el o stech ) LA Ol W alare duar SR R I ikl w early trading with General Motors, but | bid up. some of them to new highs for ! Public ! selling in General Motors is not espe- | Loans on Real Estate 3,5 or 10 Years WE BELIEVE OUR ECONOMICAL PLAN OF MAKING LOANS WILL APPEAL TO YOU. 5 Residences, Apartments and Business Prop- erties in the District, and nearby Montgomery Co., Md. O2REHELPS Founded 1907 FLOAN CORRESPONDENT JONN HANCOCK MUTUAL LIFE INSURANCE €0, 17 K St Main 9300 ; g '.g ol o was the utilities. especially the lower| First Mortgage Loans In the District of Columbia and Nearby Maryland 3—5—10 Year Terms Special prepayment privileges Prompt Replies 572% Randall H. Hagner & Company Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Avenue Main 9700 Houses Office Buildings Apartments Stores APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located the District of Columbia and adjacent Suburbs of Montgomery and Prince Georges Counties, Md. | ber exports, caused a break of about 21 | 1 cents a pound on the New York Rubber | 2 0 INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 8100 ukler \\'ill| FIRST MORTGAGE WISDOM It you wish to Keep yvour prin- cipal intact, buy our ‘ 6% FIRST MORTGAGES The etu considering the ¢ of the pri interest return is high, thsolute safety pal. hey represent the wisest in- vestment you ! whether you have a b make, a W Qe or small amount to place. SAUL CO. Main 2100 I5th St NW. SAFETY FOR