Evening Star Newspaper, March 9, 1928, Page 14

. FINANCIAL.™ £ noe aze 33—will cost $44.65 nd date of vour birth and we will mail vou a low cost illustration LE ROY GOFF Insurance in ANl its Branches 610 Wondward Ride. Main 310 MORTGAGE LOAN Secured by real estate in D C. nearby Mda_and Va Prevailing Interest and Commisston KENNETH M. LIVINGSTONE 803 American Blde.. 1313 F St. N.W. Main 300 3012 i Just a few real good 612% ‘and 7% First Trust Notes on hand J. Benson Thomas Co. No. 1 Thomas Circle M. 8416 WE FINANCE classes of income-producing property —all Large Loans a Specialty Current interest rate and commission Higbie & Richardson, Inc. $16 15th St. N In Nearby Virginia / Prudential 5%% Insurance Co. ‘Commonwenllh Investment C: Loans O17 15th St NW, Phone Main Jovcroan Teepsone o Tuecuann Cowpey 154th Dividend The regular quarterly dividend of Two Dullars a Twenty-Five Cents (82.25) per share will be o paid an Monday Apnil 16, 1928 cc stockholders of record at the @lose of business ap March 15, 1928. H. BLAIRSMITH, Treasurer. Listed and Unlisted Securities Bought, Sold & Quoted (Trading Department) C. E. Moran & Co. Moran Building 1716 H St. N.W. Main 3628 Buck & Company Stocks Bonds Grain Cotton Write or call for weekly market erzer. No Obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 3300 Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits IPEOPLES DRUGPFD. TOUCHES NEW HIGH Washington Gas Strong in Today’s Trading on the Lo- cal Stock Exchange. BY EDWARD C. STONE. Peoples Drug Stores preferred stock again supplied the feature on the Wash- ington Stock Exchange today by climb- ing to another new high for all time when 25 shares sold at 133. Washington Gas was also strong, 30 shares selling at 89 and 20 more at 891, Capital Traction came out at 111%; in light trading. Railway & Elec- | tric_preferred was also strong, selling {up to 104. | Thiriy shares of Mergenthaler Lino- | type registered 104, Terminal Refriger- ating & Warehousing Corporation stock sold at 50, while one transaction in Po- tomac Electric Power 6 per cent pre- ferred was recorded at 111. Merchants’ Bank & Trust Co. sold at 151, American Security & Trust at 450 tand Union Trust at 313. Bonds were | neglected. In the unlisted department 100 shares of Chapin-Sacks 8 per cent preferred came out at 105. Richmond Reserve Ratio Up. | Due largely to a decrease in direct borrowing at the Federal Reserve Bank of Richmond in the form of rediscounts, the reserve ratio of the local fifth dis- trict rose sharply during the first week in March, standing at 70.34 per cent on March 7, compared with 64.97 per cent the week before. Bills discounted dropped from $29.- | 715.000 to $24.375.000. and acceptance: | bought in the open market from $16, 1107.000 to $14.726.000. Total bills and securities at the Richmond bank were 1 $47.549.000 on March 7. compared with | $54.271.000 February 29. { In the Federal Reserve svstem as a whole there was also a decline in vol- ume of Reserve Bank credit in use, | total bills and securities standing at | 1$1.224.315.000. against $1,244,929,000 the | | week previous. I Local Bank Auditors Confer. i The newly organized Conference of Bank Auditors and Controllers held a luncheon yesterday at the National | Press Club. at which A. R. Burbett, con- | troller of the Merchants® National Bank | of Baltimore, was the chief soeaker. Mr. Burbett also is connected with the na- tional organization. He told of the | oroblems that faced the Baltimore or- ganization when it started, and gave | manv suggestions to the members of | the Washingion association. J. Dann Faber. auditor of the Ameri- can Security & Trust Co.. presided at the meeting. Eleven auditors and con- trollers were present. and several others have expressed the intention of joining before the next meeting in two weeks. The natfonal organization, which is af- filiated with the American Bankers' As- sociation, has prepared a program for the present year which will be followed here so far as the subjects have special ! local importance. Insull Names Local Representative. The Utilities Securities Corporation announces the appointment of Wagga- man & Brawner, Inc., as exclusive rep- ;::?r'?tz‘;u {’or (h; sale of prior lien ed and preferred st spon- {sored by them ” Pk fromny | The corporation specializes in the | securities of the Commonwealth Edison Co.. Peoples Gas Light & Coke Co. of Chicago. Middlewest Utilities Co., Chi- cago Rapld Transit Co., Midland Utili~ i ties Co_and the National Electric Power 1 Co. and several other similiar issues. These companies comprise the Insull group and have over 300,000 stockhold- | &rs. many of whom are located in THE EVEN NEW YORK STOCK EXCHANGE Abitibl Powr(5) Adams K3 pfi5) Ahumada Lead. Alr Reductn (5) Ajax Rubber Alaska Junea... Albany Papr¢2) Allled Chem (8) Allls Chalm Amal L Amal L Am Agricul Chmo Am Agri Ch pf.. Am Bk N pf (3). Am Bosch. Am Br Shi)1 60) Am Brown Bov. Am Brown Bo pf Am Can (2)..... AmCar&Fdy (&) AmC& Fpf (1) Am Chicle (3). AmChie pr pf(7) Am Drug (80c). Am Encan (2.40) Am Exvress (6). Am & For Pow AmFPow2dpf (7} Am Ho P (240). Am lce (12%).. Am Internatl(2) Am LaFr&Foam Am Linseed. ... Am Linseed pf Am Locomar (8 Am Ma pf ex-w 7 Am Metals (3) Am Plano....... Am Piano pf(7). Am P& L. Am Radiator (§) Am Ry Exp(6).. Am Revublie Am Saf Razt4'g Am Seating (3). Am Ship & Com. Am Shipbldg 18) Am Sti Fdvs (3) Am SURAT..00ve Am Suxar pf(7) Am Sumatra.... Am Tel & Tel(9) Am Tobaccot$). Am TobaccoB(8) Am Tyve Fo(8). Am WW&Eltel) AmWW1st pfi6) Am Woolen. Am Woolen of . Am Writ Pactfs Am Zine. . Am Zinc pf Anaconda (3)... Archer-Dan (3). Armourof 111(A) Armouroflil(B) Armour 111 pfi7) Arnold Con & Co Art Metal (1%4). Ass0 Lry Gizly) Atchison (*10).. Atch T&S Ferts. Atchlson pf (). AtiCoast L(110) At Guit & WI.. At Gulf& W1 pf. Atl Refining (4) Atlas Tack.. Austin-Nichol Austrian Cr ¢ Auto Saies. . Autostrap A (3). Baldwin Loc (7) Bala Loco pf (7) Ballo & VU (8)... Balto & O of (4) Bung & Ar pl(7) Bank of Am (12) Bank ofMan(16) Barnet Leather. Barnsdl Acbzig) Havuk Clxa Reacon Ol Beechnut (13) Helding Bros (2) Belg Rys b 4.12 1 & Co13) hiehem Steal Beth Sti uf 17) Bloomingdal Bon Ami Cl A(4) Washington and vicinity. | Tl:mlv;nce Expert to Speak Here. e District Life Underwriters' As- sociation announced today that ‘!‘:e next monthly meeting will be held at ‘lhe Hotel Gordon next Wednesday, ]ercl’;*::."b‘egfin::ng at 6:15 o'clock. v W % }olhl;rm!;del ! vight G. Johnson . Johnson is a member of the fac- { ulty of the University of Pennsylvania | He is a native of Iowa. The notice of { his engagement here says that he se- | cured a license to sell life fnsurance at | the age of 14 and that at the age of 22 | | he had become a millon-dollar writer. | For a number of years he has written | enough insurance to remain in that |class Today's announcement also says that the tenth annual Maryland and District of Columbia conference will Borden Milk (6). Briggs Mg Co.. British Empire. Bkiyn-Edison (8 Bkiyn-Man (4). Bkiyn-Man of(€ Bkiyn Un Gas(b BrownShoe(2 % ) Brunswick B 13) Brunswick Ter.. Bucyrus ev 12%4) Bulf & Susq.... Burns Bros (B). Burroughsi4]. Busb Tern (£2). Butte Cop & 7. Butte&Superi2 Butterick Co. Byer & Co. Calif Packg (4). Calif Petm (1).. Open. T6'n NG STAR. WASHINGTON, “D.- C., Received by Private Wire Direct to The Star Office. Quotations to 2:55 p.m.—Final Quotations in 5:30 Edition. Low. 2 w7 9% 98 3t 3% 181 182 Y 55, ¢ 8 | Fed Ligt(h1.40), Fed L&T pf (8). Fed MotT(f80c) Fid Phoe Inats). Fifth Ave (64c). First NatSt1%) Fisk Rubber.... Flelschmann(3). Foundation Co.. Fox Film A (4), Freeport (1% ), Fuller prpf(6).. Gabriel b A Gardner Motor., Gen Am Tnk(4). Gen Asphalt. ... Gen Cable A(4), Gen Cigars (4).., (Gen Klec (15)... GenEleo sp(80e) Gen GasA(o] %) Gen Gas Ble1%) Gen Motors (5), Gen Mot pf (7). n Qutdr Ad(3) Gen Outdr Ad(4) Gen Ry Sig (6).. Gen Refrao (3). Gillette Raz (5). Gimbel Bros.... Gimbl Br of(7). Gl.dden Co..... Glidden pr pf(7) Gold Dust (3)... Goodrich Ru (4) Goodyear Tir Goodyr 18t pt(7) Gothm Hos t2%. Gothm new $2%. Gotham H pf (1) Graham-Paige.. Granby Con Min Grt North pf (5) Gt Nor pf efscs) GrtNor O 1), Grt Wn Sug 2 80 Gireen Canan Gulf Mo & .. Gulf States Steel Hacknsk W(llg) Hanna Istpf. .. Hartmn B(1.20). Hersney Corp Hershey pf ( Houston UIl. Howe Sound (4) Hud Man (2%4). Hudson Mot (5). Hupp Mot«1 40) 1llinots Cen (7). | indep 01 (1. .. Indian Mot (1%) Indtan Mot pf(7) an Kefining. an Refx ctfs ingersoll Rd(75) Inld Stl (pi6% ). Inland Su vt (7) Inspiration Copr InterboroRapTr Intcontl Rub(1) Internat Agri. .. int Agricul prior (nt Bus Ma (5., int Cement (4).. int Com Eng ¢2) 2 151 152% 1801, 171 1 l(‘“‘- 171k 43% IntMtch vf3.20) iInt Mer Marine, I int Mer Mar uf. Int Nickei (2)... Intl Paver(2.40) Int P Intl § Intl Silve int Tel & Island Creek (4) Jones Hios Tea. | Jones & tau () { Jordan Motor. .. | Kan City South, Kelly-Spring Kelly Tire 6% pf Haves 12). is Whpf (7). Kennegott C(5), Kinney of (). Kraft (§1%)... Kresge (11.60).. Kresge Dept 8. Kress (S H) (1), Kroger Grocicl) Laclede G pf (5) Lako Il 1 i5€) . Lambert (1313). Lew Tire & 1tub, LehizhVali3ig) Lehn & Kink(3), LifeSav «1 60). Lig & Myers(15) Lig&MyersB(15) GOt . .ossesvse Long-Bell (A).. | Loose Wil(1 &0) Loose-W 1st(7). Loriliard Co. Int Harv (16)... o High. Low. 2:855. ha's 53% hda 1041 103% 104 19 18% 18l 204 0y 3 t PN Park Utah (80c) Pathe Exchange Pathe Ex A. Patino(a.97 Penick & Ford. . Penn Dix Cmt(2) Pa Dix Ct pf (7). Penn R R ) L, G 1 29% 147% 0% 43% 807k 804 103% 9% 103% 13% 13'% Phia& RCI. .. Phila&RC&I cfs. Philtp Morris. .., Ehillipa Pet 1%. P’hoenix f (7) Pierce-Ariow. .. erce- Arrow pf Plerce Metroim. Pllishury ¢1 &0) Pillsbry pfe8l ) Pitts & Pitts Coal pf.... Plits SU pf (7)., Pitts Ter pt (8). PIiseW Vaig), Porto Rico To A Poxtum 5) Pressed Stl Prod & Ref Producera& it of ProphyBrush(3) PPub Serv NJ«2), Pub Serv uf(8), Pullman Co (4). Pure Ol (50€). .. Purity Bak B (2} PurityBak of(7) Radlo Corp of A. Reading Ry (4). Real Silk Hos. .. Remingtn Rand. Rem-Rd 18t(7). Reo Mot (11.20). Rep It & Stl (4), Rep | & Spf (7). Reynoldx Spngs ey ni1dxTobB(5) Richetd Oil (1). Roasta Ins (8)., Roval Daz 13y, Rutland pf..... St Jos Lead (13) StL&San a1 135 48 6513 6% Schulte (3% ) Seabd Air Line Seab Afr L pt Seneca Copper. . Shattuck ¥ G (2) Shell Un Shubert Stmmons ¢ Sinclair pf ( Skelly U1l ¢ Sloss-Shef (6).. Snider I'kg vf. So P'or Kic St South Calif Ed.. South Dairtes A. South Dairiese, South Pac (8) Southern Ry South Ry pf (5). SouRyM&U cfs ¢ Spear & Co..... Spear&Lo pf (7) SG&E3%). Std G & E pr (4) Std Ml (5).... Std Millg pf (6). StandQ %) SUILNI(TI ) Strom Car «¥).. Studebaker (). Studebak pf (7). Submarine Boa Sun Ol (). Suverior Oil.... Sweets of Amer. Symington...... Symingion Cl A, Telautogh (80¢). Tex e .. Tex Pac C & Oil. Ueox Lana Irsi n The Fair (2 40). Tidewater AsUil. TIWASOUBP6) Tidewater Oil 80 Finken (16) { Tobae Prod «m). Transcont (i1, .. | Fransue & W(1) Twin City R (4). Udwa-El F (4 Union Carb Un Ll of Cal(2) Union Fae 110). Unton Tank ¢5). ULdCgest FRIDAY,- MARCH 9. . High Low. 2:55. s 10% 10 a 3 3 14 1314 7 60% 1084 9 1928. VIOLENT ADVANGE ON STOCK MARKET General Motors Again Leader—Trade Is on Enormous Scale. Is BY GEORGE T. HUGHES. Special Dispatch to The Star. . NEW YORK, March 9.—Wall street today greeted the announcement of an unexpected decrease in brokers' loans, made after the close yesterday, with a violent advance on the Exchange. For, the first two hours the market fairly boiled as shorts and new buyers com- peted in the bidding up of prices. General Motors was again the all- influential leader. Closing at 150} terday, the opening sale today was 2,000 shares at 15z, a new high for all time, from which the price quotation rose spasmodically to atove 156. eck al today the high price for General Mo tors was 139';. In other words, in six business days there lm:‘ lbcc:‘ r‘n l'::sl :}E t 17 points, an achieve: I.tln:vo:uld bgonard to match for a stock of that caiiber in recent times. Transactions Enormous. Transactions were on an enormous scale, not only in General Motors, but in all the other industrial favorites. U. S. Steel started in on a block of 2400 shares at an advance of over 2!z points and held this gain remarkably well. There was a long list of new 1928 highs, including several of the in- depsndent motors and such typical in- | dustrials as American Can, Corn Prod- | ucts and Paramount Famous. Of course, there were realizing sales, un- der the weight of which, part of t‘he“ gain was suostantially lost, but it was, a market in which the buyers had all the best of it. A new explanation came to life to-| day for the sudden strength in General Motors. It was the semi-official an- nouncement that the Managers' Securi- ties Co.. owned by executives and of- ficials of General Motors, had pur- chased some 200,000 shares of the com- mon stock at a toial cost of about $30,000,000, all of which. FINANCIATL,” INSULL-PEABODY COAL MERGER IS RUMORED Heads of Interests Fail to Deny or Confirm Reports Current in Chi- cago Financial District. CHICAGO, March 9 (4’).—Merger ol the Peabody Coal Co. and the coal min- ing properties of the S8amuel Insull in- terests and the formation of a $50,000,- 000 corporation was rumored, but un- confirmed, in Chicago financial circle: Samuel Insull, traction, light, pows and gas magnate of Chicago. Stuyvesant Peabody. principal stock- holder of the Peabody Coal Co.. whici operates 34 mines in Illinois, Kentucky, Indiana. Oklahoma and Pennsylvania, refused to deny or confirm the report. The Chicago Tribune. however, in its morning edition says it has information that the merger is underway. addin that the Consumers Co., another Pea- body organization, will not be involved A stockhelders’ meeting of the Peabod Coai Co. has been called to put the de: over, the Tribune says —_— e — More than 1,000 American tractors were sent from America to Rumania last year. 3—5—10 Houses Apartments had been paid in cash and the stock taken out o'; the market. This amount | is in addition to the shares already held l by the securities company. 4 Not only did this news throw some light on the market for General Motors | stock, but it emphasized the confidence | those closest to the property have in its future. It may have had some bear- ing upon the decrease in brokers loans when an increase had been anticipated. | Hudson and Hup Up. | The independent motor stocks most | stimulaied by the strength in the le-der_ were Hudson and Hup. Each set a new top for the year. Packard and Timken Roller Bnnn(‘wer‘e in d:n:n‘x;d‘ the lai- ter up nearly nts a . 'rhep d\m:ultywln which the shorts found themselves was well illustrated by the case of American Linseed. Not only is there a small common stock cap- italization. but the floating supply is extremely limited. The stock had been | in urgent requests yesterday and offer- ings grew fewer as the price advanced. | The result was an upturn of 4 points today, added to the rise of half as much’ vesterday. Midland Steel Prod- uets preferred at 235 was up 10 paints from the preceding close. Radio, above 102, was up 4 points. Freeport, Texas and numerous other cases could be in- stanced. ‘The feature of the rails was St. Lout: San Francisco. In tardy response to the Rock Island dividend incresse Frisco was taken up today and changed hands within a fraction of the previous | 1928 high. ' COAL TRAFFIC DRAGS. Revenues of Western Maryland R flect Sag in Fuel Movement. Special Dispateh to The Star. BALTIMORE, March 9. — Approxi- mately 80 per cent of the loss of $315, 820.57 In gross revenues of the West- ern Maryland Rallroad in February was accounted for in the drop in coal shipment, receipts from that source being $252,296.43, or 24 per cent less than they were for the corresponding month last year, the statement of es-| timated earnings for the mouth, just issued, reveals | Decrease in receipts from coal ship-| ments for the two-month period was| i and | Special prepayment pri Prompt Replies 572% Randall H. Hagner & Company Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Avenue MERGER OF SINCLAIR OIL | AND MARLAND RUMOREL | , NEW YORK, March 9 (#).—The Net York World says that rumors of i merger of the Sinclair Consolidated Of Corporation and the Marland Oil Ca were current in Wall street today. Th | new combination would represent asset of approximately $500,000.000. ‘The disappearance of Harry P. Sin clair's name from ol corporation fitles the paper will say. s a possibility in voived in the merger. Two subs’slaries of the Sinclair Con solidated Oil Corporation, the Worle will say. probably will take the name o tioned are the Sinclair Ol Purchasing Co. and the Sinclair Pipe-Line Co, { which, the newspaper will say. are botl | partly owned by the Standard Oil Co of Indiana. BIG BUILDING ACTIVE. NEW YORK, March 9 (#).—Con- struction projects in the United States the last week point to eontinued activ- |ity in big commercial and residentia | buildings. the money value of all classet |of operations totaling $82.275,000, witk i more than 40 per cent going into by | building construction. the McGraw-Hi. Construction Dally reports. Apartmen' houses and hotels led with $26,000.000 First Mortgage Loans In the District of Columbia and Nearby Maryland Year Terms ileges Office Buildings Stores Main 9700 German National Railways Company (Deutsche Reichsbahn Gesellschafe) Reichsbank Certificates for 7% Preferred Stock Shares of 100 Goldmarks Par Value Ser ies V The Genll(un Government, which owns all the com- mon stock, guarantees payment of 7¢; preferred divi- dends. In addition the £refcfl'¢d 1";3 participates in any distribution of vidends on common stock. At market, to yield approximately 6.7% net after German taxes Circular on request. G. M.-P. MURPHY & CO. Members New York Stock Excherge 1508 H Connecticut New York. N. Y. St. N.W. Ave. at K St. _ Washington, D. C. Richmond, Va. TRUCKS FOR EVERY PURSE. AND PURPOSE Not Another to Buy for The S. 0. S Truck Lease Operat Gallon of Gas Your Trucks O need to give your drivers “Courtesy Cards.” They won't have to buy gas anv more. Every truck leased from Sterrett is supplied withall the gas and oil needed to keep your trucks running. g Plan also keeps teucks running, furnishes repairs, tires, parts, garaging, painting and washing and complete insurance, includ- ing $30.000 liability protection. Ask about the S. 0. S. Lease Plan. ’ the Marland company. The firms men: o ’ be Ari6 In (2) Canbry G Ale(3) Can Pacifie «10) CaseThreshy(6) Cent Alloy (2).. Century Rib M.. Cero de I'ascoid) Certain Teed (4) Chand-Cleve. ... Ches & On10t10) & O Corpn 13). | Chi G 1M Gr ChiM&SL (n).. ) Utd Car St pf16) uUnited Drug (9) Utd Drg Ist 3y Utd Fruitetbyy) USCIP&F(I0) S Distributing S Hoftman (4) : | held in Baltimore on May 17. Collections | Treasury Issue Likely in May. Real Estate Loans ! _ The United States Treasury may offer | refunding issue in May | Collateral Loans for the third Liberty bonds. © aerahe Investment Securi i ing to Secretary Mellon, the Treasu has not yet made any definite plans n?r’ Corporate Trusts Individual Trusts further refunding. but if market con- ditions are satisfactory it will not wait Administrator, Executor Safe Deposit Boxes | until June, the next regular financing. : Continental Trust Co. | Possibility ‘of a long-term {ss | next medium of exchange “;;r“u:ntr'; 14th and H Streets WADE H. COOPER. President | Liberties is being considered by the Capital, $1,000,000.00 $573.903, or 25 per cent, while the de- cline in gross revenues was $776,543.90. or 20 per cent. For several years the| Western Maryland Railroad has derived | about 75 per cent of its operating earn- | ings from coal traffic, and any marked slump in shipments of that commodity plays havoc with the earning power of the carrier. e SHORT-TERM SECURITIES. (Revurted by J. & W. Seligman & Co v 105% 1995 [ 1384 198 2 16% S. 0. S. Call—Franklin 505 TRansPoRTATION e Nane Y Mack Truck + Mackay pf ¢ Mad Sa Gr (1%) Magnia Cop (3). Mailison & Co... Mallison pf (7) Mandel (244). .. Man 81 m g (45) Man E) Sup eb). " SALES LEASES § MAINTENANCE A SUBSIDIARY OF ERAL MOTORS CONTROLLED BY VELLOW TRUCK AND COACH MFG. CO. 30-38 M St. \.E. Je—. ChIM&SLE pfin) ! Bank and Other Dividends, :ua m-nlun. Man Shirt (2)... | Maurice Otterback, president of the | Chi Ine Tool (6) Marlana ON).... | Anacostia Bank, announced today that | (1 1t1&Pac (6). Marlin.fitock( | the directors at a meeting late yester- |G R ) P uf (6) 2 Mathieson Al | day declared the regular quarterly divi- |C I 1 & puf(7).. May Dept 8 | dend of 5 per cent. The directors were | Chl Yel Cabi3).. Maytag (13). i informed at the meeting that the bank's | Ch1148 (2.40) Moxican Seab. {deposits had make a $39,000 gain be. | ChileCo (i) Miami Cop (1), | tween the December 31 call and the | ' Pr Mid Continent., | calt of !}’(hh‘nkx\-ry 28, { Gheat ! Middie Siates. .. e Keith-Albee-Orpheum _{ City Stores (B). Midiand pfe1z) 2 £ 2 A e | tion declared an Initte) gunrtesty Ty | Cluett Peab (5). Miiler Rubber .. Talks(4) dend of 13; per cent on the 7 per ceni | < Min St PARSAL, Ciote se R ny: cumulative preferred stock today, pay- | SO Mo Kan & Tes . s g able April 2 to stock of record March 19 | CO!!IIMA pf(7) Mo K&Tex pfe7) Va-CaroChem. . The American Telephone & Tele- | ©2' ¥uel & iron. ———— | i\ nual report may show assets in excess | 6 3%, e 3 Smepf (34) Allis Chalm Alum. Co. Am. Tel & sote 1 e 1o 1oL ccceccacacee nar SURANCE & BONDI . Goodiich dodvest T Teunk of LY STATEMENT OF THE CONDITION STATEMENT OF THE CONDITION Of The Of The & by &K vt AL6) Y% 1074 Bty 24 90 62 69% PN Independence Indemnity Co. of Phil . o p el $ the Ward Baking B, Ll M et warner Flo AL .. Warner-Quini) Warien Brosta). Wartenlst pfid) I pfis) Guaranty Fire lnsurance Co. of Providence Missours Vivadou (b1, graph will s00n be in the $2,000 Do Vulcan betn. .. class, In assels. In fact, the pext am Vulean DetincA) of $2000.000.000, as it reported $1.949.- 90.000 December 31 Jast ' | $108.588.000 cver oosditr ALV he corres, Sa fe 6 % Bon dS?”' 8588000 Gyer the correnponding date | Circular on Alrplane Stock. . (fiMPMUrl)Y&C b | Wlth Do C- Taxes | etrcuiar on “Tne ‘I'nmre’:vs :.nvv;v‘;:‘l‘;r‘gn‘ Refunded | eoncluding as follows “In the early | stages of any engineering development | revolutionary changes are likely 1o oc- cur. Prophecy ss 0 what companies IRST Nations! Bonds, legal for National Banks, pay 67, interest, provide for peyment of the Federal income tax up to | will be the ones o grow is, therefore, prrticularly difficult, but those which 2%, and for refund of the D trict of Columbis tax of 5 mi Com Crea 1), .. ComCred 15t 6% Com Iny Tt 3.6, Moon Motor. ... Motner L (80e), Motor Meter A Motor Whi «2), Mulline Mg, Murray Corp... Nash Mot (15%) of Dacemor on the under the Tha W0 ay w mbia Code amendag T and Ausust 18 $la dav Co e 10 her 3 taw 0, 00 e St v ook, paid v no k1ot 7 M bty Ga P Vo pft(1) s FEDERAL LAND BANK BONDS. R ot West DairvAte) . Sl AL hatae Wentern Dalry B & Rate- T o Asked Yiel Maryland, p R " L ] Pacifte. . 8 Sme S1.300,000 00 U Wheeling 1300 000 00 m cash T3 00000 SAN0.487 3L Cash n ot Cash i b St ks SLOIN Y (RN LIThase o 100 169 1ty oo e Nat Biscult (17) a0 030 00 Nat Biso pf (7). Nat Cash t(A)3 N A3 aut value) uma uncollected hands of A.507 038 33 Consol 4 s Cont Bakeg A (4) 208 H01 S8 Cont Buking 1., LOON GOL ¥ e and ae cruet AN Gihar assets {were early in the field are adequately {fnsnced, and have w management | awake o the need of being among the {leaders in sclentific achievement are | naturally the most likely to benefit from the growth of the industry,” Heard in Finanelal District. Behind esch $1,000 bond sre | George B Chipman, resident partner | of Harriman & Co. has returned from | frot mo teval- St mortgagesonrealemateval- | L0 L UL G ew York ued ot more than $1,800. Behind |, Jrra Gould reports that Flonda s each bond, slso, is the full re- having an excellent season so far as the s e . ourist business 15 concerned. He says sponsibility of The First Na- |05y iy an unusually wide repre- tionsl Compeny, of Baltimore, ivulu'l«m from the Northern States this i o year. :‘143":’;:'3‘;:'":::4 ::’fl'.p:u' " |~ W. W Spaid, president of the District Bankers' Association, Is expected back wources of $7,658,333.71. | Federal-American National Bank, says Interest in w savings hank st only mpany 4 per cent compounded would more N8t AR Ry Ter aweis nghae (4), on Klectio © Motors(1) TOtAl sssets ;i Total assets . S1O601 43D Nut Rudlator () LLARILITIER Nat1aa pEeT)., ! 1 Nt vapaid Caima | SN 949 00 s ces. o nog N e T8 1o e Reserys ae ‘reaired NatSupply pfe7) (L NaUsurety 110) R Nat T (L] e Nevada Ci1ig). NY Al b3 NY )., NY CANILIS). | N Y CHIL pte8) NY Dock. NYNH& A1) NY NHAH 0T NY Ont & Wi NY Niteam o Norfolu&W wATIES RENE LO0T 70BN A0 192 86 aran ¢ oy RTERIRRY i 10 ok Hatubitien sveriand Willys-Od pf (1) Wilson & Co Wilsun Co bt A, | Wilson & Co Woolworth (8). Worthn Pump. . Wright Aero (3). Wrigley W 13'% Vellow I'ruok. .. Vounustn 8neb) LN e T 000 e 00 A 156 200 4 162 [RUIN FOREIGN EXCHANGE. bt 1QuOtatiane furnished by WO R Hibhe & Coy | N ol Selling checks | A2 A any kg (4) ek Aihien, %2 OTX 0N 11 Jrting Asio (1) ‘ SN Toral Habilitias S A 1A NN S0 i "o Wbl e R e e * Sy N e e R ¥ ST o0 o s e s stannad it Terwied tg ¢ ol he n Chem . . o pfil) Del & Hua (9., Dol L& W (17), Detroit K60 (8). . Levoe & 1i240) re- Zurich Lt Alliene e and ¢ 1014 DN S o 1Ny b ity 8 B North Am pr Wa Novth Vao b)), Nov afsiby, Nunually (30¢), NIV i shcety L LR ARTEX RSN ok 4 U 0 9 ENIL G PR R NNTRAUE Y rawn g \ TIMKEN DIVIDENDS. NEW YORK. March # (@ —Tunken | Detroit Axle Co. declared the usual ex- tra of & cents and the regular quarter- Iy of 13 cents on the common, pavable April 1 10 stook of vecord Mareh 20 EARNINGS SHOW GAIN. NEW YORK ch # (1 ~North western Rell o earned $10.37 & ahare 1n 1027 With net ineame of SA0T10N, chmpared with $1020 a -luu.- n 1926 and net lncome of §6. MILLARD L CASE - Lo Freadlont &AL JAMES MORRISON deNCI0) 3 E E [ Todty N gn than 100 sharen at LR Du Pout deh (8) . Otis Kley vt (8), i o Flue TUNIS omason ) ae 1hin fag ey ot el v JOMN B RARTN Notaey WRAY, lne. Main o0 i A Mareh 1S " g MARY A BOARDMAN Pubtie. My dammission ey 2 AL the end ot Ahe et s ol ‘he Senar MURRELL & 310 Alheo Ridg, | from Florids vext Tuesdsy, It is re- | ported_ st Hibbs thet he has hung up Ask tor Circules K W | some fine golf scores The Bank Messenger, mt out by the THE | Abaut savings > . | "Fiom 30 1o 36 years st average F".'St Natlonal | sulary of 8260 0 month & man earis | $105.000. 11 one-tenth is saved, he will hiave 810,500, Bol counting any interest than double this smount.” BN, (uasiersy - 3 BARR BUILDING | rmeasury cramipicates 8] iy g4 e 9 tied by J "W Seligman &0 H‘l ' leo Hafrixel Tol ot Washington, ). C. b ¢ iiien Btor ia1(6) q Paokern Motid) o dohn (6), Pan-Am Petrotin wnin . Wit Wiag (1), e RN, MO e Kureka V (1'4). Oifer In all Latvia there are only 18 autoy moblle gasoline service pumps South Australia has 8,000,000 sheep Ihis season, [ETT] 4142 1 s 57 1 [ AEPRU . Parmt Famiib), Fark & butod,,