Evening Star Newspaper, March 9, 1928, Page 15

v TRADING 1S DULL | ONLOGAL NARKET soues | Wholesalers Report Light Buying—Egg and Poultry Prices Steady. " Ay \'l&-sum- DSkt the tlom of bust: lmvm-ry 8. ESOURCES, l a l.nln- lIN‘ discounts. in. “luding _rediscounts. ac. centances of other banks and Loreien Wills of e change raits sol With indarsement ot :m- it and amount national banks. 1 Stats hanke bankers and trust i~ United other: than it n item 10V for clearing 420.583.78 | Business on the wholesale produce | market continued quiet today. The week | has been unusually dull, merchants season. Buying is usually brisker on ‘Pfid’l\ than any other day, but today {was just as quiet for the wholesale 5 | dealers. 241 | The egz and poultry prices remained | as steady throughout the week as other | ‘producr prices, following slight reduc- Tanke in awn hank or revortinge | Quotations today were: | Butter—One-pound prints, 471:248' cellaneous tub, 49a50: store packed, 28. items Eggs- 27a28: current receipts, 26. Poultry, alive—Turkeys, 37a40: Spring chickens, 35a38: fowls, 27a28: roosters, 7a18; ducks, 24a25; keats, young, 70a 18 Other aesots it any Total LIABILITI ITIES apital stock Baid in * old, 35. Dressed—Turkeys, 38a43; T | Spring chickens, 35a40; large. vrofite S141.0: 1"8-30 small, 25a26; roosters, 20a21; | capons, fancy, heavy, 42a43; small, 30a 35; ducks, 27a28; keats, 80a90. Meats, fresh killed—Beef. 20a22; veal, 24; lamb, 28a30: fresh hams, 18al! exnenses pad 19,4 T Cert d checks outstand- Y - & 3l loins, 18a19, tresh shoulders, 12al. » 14% | smoked hams, 20a22: smoked shoulders, 14.00 1272213 calv alive, 8al4. Fruit and Vegetable Review. Today's market report on fruits and hank "rl 0 Ty & within deposite | vegetables compiled by the Market News Service, Burcau of Agricultural Econom- Apples—Supplies moderate: ¢ mand | ! moderate, market steady; barrels, Vir- Yorks, ginia, U. S. l\u 1 2‘4 inches up, 7. 0 . Delicious, 2-21; H S No. 1, 2! inches me: 8.00a8.50; _unclassified | 21 inches up. 7.00; boxes, e ume eeriBe Washington, medium to large Size, ex- we ¥ go8 tra fancy Winesaps, 4.00: Romes, 3.50;" =" Delicious, 4.5024.75; Virginia, medium to large size, extra fancy Delicious, 4.00 24.25. bushel baskets, New York, u ascified, Baldwins, 212 inches up, 2.0¢ rginia, U. S. No. 1, Staymans and inches up, mostly around 3.00: U. S. No. 1. Romes, 23, money o tect tu resery cashier_of the amed bani. do coiemniy swear that e Statement n e o the hest o | PSUsTUNZ. Cashier to before me this P Pennsylvania. nches up, 3.00; up., Winesaps, 2.75. Cabbage—Supplics limited: demand R Suheenibed and sweo Sth dax of March 1 ISeal ) JAMES F. “n\',-x,ir;l:('l‘fixh]m | moderate, market firm: new stock, Correct—Aties | Florida, 1!:-bushel hampers pointed ?';’RR’.,‘: & | type. 175a2.00: Texas, bulk per ton | round type, €8.00a70.00; old stock, New | York, sacked per hundredweight Danish - | type. 1.00a1.25. Celery—Supplies moderate: demand moderate, market steady: Florida, 10- {inch crates, 6-3 dozen, mostly around 3.25; 3-4 dozen, 3.00a3.25. Mortgage Money Loaned At Low Interest Rates Lettuce Is Weaker. Tyler & Rutherford | Lettuce—Supplies moderate: demand Revresenting Mutual Benefit Life ins Lo Jlnodentc n‘mkelt séixmly wcak:r anu- Main 435 fornia, crates Icebsrg type, lozen, Seroaiioad = 3 Te03 50", dozem, 3.00: Tow T | Onios—Supplies limited: demand mod- | erate, market firm: Michigan and Ohio, | 100-pound sacks yellows, U. 8. No. 1, i kol ‘mgtdslunxlww Inz; siu‘k lfioliss:;hu- ash 1. se -pound sacks yellows, S, e, ".'.:.:'\"i"“ No. 1, small size, 3.75a4.00, mostly 4.00. y TREAL || moderate, matie fim: Aichizan, 150 | e market 150- LOANESSTOAI![.EREAL | pound sacks Russet Rurals, U. S. No. 1. Serured ny first deed ot trust on | mostly around 4.25: Pennsylvania and Seruedl ay en diend L o1 rie e New York, 150-pound sacks round 50 |.m..-.. y = ARRELLCS. | s 0S. 'l Spmh—suwn»s liberal; demand ught market suld Texas, buchzl Savoy type, 80. , Strawbarries—s: moderate; de- ;ommw condition, 42Y2a45 per g light; dmnd Money to Loan Bret Qeey 0t U interest 1st Trust Loans “Any’ Ambunt D. C. and Montgomery Lounty Large Construction Proiects | whites, U. S. No. 1, 3.90a4.00; Idaho, llo-pound sacks Rurals, U. S. No. 1, 721 10th St. N.W. Main 766 | baskets Savoy type, 75a1.00, mostly 85a B ;100 South Clrohnl bushel baskets upplies mand light, market dull; Florida, pon; y | refrigerators, Missionarys, 505 3 e FRED T. NESBIT 1Y% St moacked In New ® Verment Ave. M. 9392 ||count. few sales, 4.75; choice count, | 13.9024.00. =————————————— | PWrel rolalocs—Supplles moderate; ] moderate, marzet stea orth | SECOND TRUST MONEY ||| Cirtiina. ke per sut.. Pors Ricann i See us if you want a second trest ||| fair quality and condition, 2.00; bushel | ot e v, trorny; ||| baskets, Porio Ricans, 1.56a160; cloth- iox ates and convenjent terms :xy b:mrr:llfl Poflom Rlc;‘as‘ tvstrwwag;dl- | y condition a W. H WEST COMPANY | String beans—Supplies light; demlnd Founded 1893 {light, market steady. Florida, 74-bushel 916 15th St. Main 9900 { | hampers, best, 6.00a7.00; poorrer low n 15.00; wax, 3.00a5.00. ‘ Pepper: Buppun light; demand | moderate, market steady; Florida, pep- per, crates, fancy, 4.50a5.00; low as 4 Mortgages |JAMES Y. PENNEBAKER | , i Member Washinrton Keal Fstate Board Mais 5328 1520 K St. N.W. | Cucumbers Steady. Eggplant and squash—Supplies very | tight, oo few sales reported to quote. Cucumbers—Supplies moderate; de- |mand light, market steady: Indiana, hothouse stock, 2-dozen crates, double extra fancy, 3.35a3.50; extra fancy, 3.25a3.50; 1ancy, 3.00. Carrots—Bupplies moderate: demand | moderate, market steady: Texas, Wes |ern lettuce, crates, mostly around 3.50; bushel baskets. bunched, mostly 2.25. Beets—Supplies light; demmd light, }markc( steady; Texas, Western lettuce, crates, 3.00a3.25. | Peas—Supplies liberal; demand mod- |erate, market about steady: Mexico, ‘cnm mostly around 4.50; California, | crates, 5.00a5.25. . . . NOW ready. | ~ Caulifiower—Bupplies moderate; _de- 4l |mand moderate, market steady; Cali- {fornia, pony crates, 2.25; fair to ordi- | nary quality and condition, 1.50a2.00. Oranges—Supplies moderate; demand moderate, market steady: Florida, boxes, | medium “size, 6.50a7.00, mostly 6 | California, boxes, medium size, 6.00a6.50, ‘mmllv 6.00. ] Grapefruit—=Supplies moderate; de- {mand moderate. market ahout steady: | m F H s"m' m | Florida. boxes, 550!500 mostly 5.50. PBICEB ON PARIS BOURSE. sace on the ouisiachieg 77% cum ‘af’e | PARIS, March 9 UP),—Prices moved Pretemed Sk of Tue ¥ H <z 'n Comoesy. | irregularly on the Bourse today. ‘Three a5 of Thiee Dolars and biity Ceuts (33 0] | per cent rentes, 67 francs, 60 centimes; o dhare oo \he cuwasding (e cumusiw |5 per cent loan, 88 francs 10 centimes; e Tt e e s ste"usd, | exchange on London, 124 francs 3 cen. Vo 1he pders of the tespactive Frelerred Siorks The dollar was quoted at of oo March 10th, 1978, The boks will be | francs 41“. centimes. €oned & of the clone m‘:;-.e;:nmu u:' e 1975, 40 wil be teopened &t Lhe opsuing [$o04 ch 164 Mal) lmm Bouth America addressed e {10 this comntry say bs sont from Argen- tna o France over a new airplane | route and then forwarded by boat to | America at a saving of time over that by hoat direct, Taitors 1o Gentiome: JoIRQ | For' 3 Generations - N Heiberger Tailors put their shears Spring Woolcns from London art into and needle. The regusr wmi annoal dividend of nm‘ Doliars asd Sevesty Pive Cents (31.75) J W Fowanza, Ju, Treaswrer, Wa gtes. D, C, Masch Ird, 1928, Eqmtable Co-Operatwe Building Ass'n | JOUN JOY EDSON, President WALTER §. FRATT, Jr., Secretary Organized 1879 4%th YEAR (lel‘LVT . Assets ; 5.292,04250 Surplus $1.51 Subscriptions for the 94th Issue of Stock Being Received 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 Equitahle “Our plan helps accumulate money quick] Come in and let us tell on i, 915 F STREET you ahout | state, which is attributed to the Leaten | | tions on both at the close of last week. | U. 8. No. 1, 2% inches | TREND 15 UPWARD ON'BOND MARKET St. Paul Issues . Feature. Seaboard Sells 0ff—Some Industrials Strong. BY CHARLES F. SPEARE. Special Dispateh to The Star, NEW YORK, March 9.—The expecta- | tion of easier money rates, the buoyant statte of the stock market and improve- ment in several of the corporation con- ditions that nave been affecting an- nouncing prices con.bined for a higher | range of bond quotations today. Since | Monday the average of domestic bonds i has moved up 3; from the low of the year, cstablished on that day. P ‘There was a broad movement again in St. Paul new 1ssues. ‘The adjustment 5s advanced ':, and the ‘new gen- eral 5s,sold at 97. At that figure they | compare favorably in price with a num- ber of junior railroad bonds selling be- tween 98 and 102. International Great Northern adjustments were quoted 2 points higher than earlier in the week. Erie 5s gained '; and Florida East Coast 4. Seaboard Group Tired. ‘The Seaboard group acted somewhat. tired aiter the recovery of nearly one- half of their average decline, losing 14 to 2 points. Attention was called to the unlisted Georgia & Florida Ral'road { first mortgage 6s by the steady selling which has brought these bonds down | below 80. Earlier in the year. they. sold fat 96'> and were brought out in Janu- | ary, 1927, at 98. The remarkable earnings of the In | ternational Telephone & Telegraph Co. were reflected in the 41 per cent bonds, which moved up to the best figure in some weeks. Atlantic Gulf and West Indies made a new high at 80. J. Kay- ser 51,5 advanced nearly 2 points. and Liquid Carbonic 6s a point. Andes Copper 7s were higher, while Anglo- Chilean 7s lost about. a point. The United States Rubber issues were firm. Local tractions were dealt in in smaller proportions than Thursday, but held well up to the high prices then made. French Bonds Active. The features of the foreign depart- ment were the ge transactions in French 7s and 7'.s, at 108 and 116, respectively, and the gains in South American and Central American issues. Chile 6s went above 95 and the Mort- gage Bank 6%s sold within a fraction of par. The Mortgage Bank of Colom- bia bonds were also strong, and the Department of Antioquia 7s rose nearly a point on the news of a loan for one of the other political divisions of Co-| lombia. This week's financing was of moder- ate proportions, compared with recent perfods. The total bond redemptions for the first quarter of 1928 amount to $575,000,000, or about 30 per cent of the sum or ull new issues. | Italy Pub DECREASED SALES CUT STUDEBAKER EARNINGS Net of 811,937,861 Compares With | $13,042,119 in 1926, According to the Firm's Annual Report. By the Associated Press + NEW YORK, March 9.—The Stude- reported for the net baker Corporation year ended December 31, 1927, profits of $11,937,861.61. as against § 042,119.07 in 1926. This was equlvll?l.! to $6.09 per share on 1,875,000 shares of common stock mnsl:mdlng as against $6.77 in 1926. ‘Total.net sales rmhed $134.007,798, a decrease of 53 per cent. 'Total sales amounted to 116,740 cars in 1927, un increase of 4.9 per cent. which com- pares with a decrease of 22 per cent for the automobile industry as a-whole, the report showed. High production costs and introduc- 'uon expenses of a new car, combined with cost of improvements in the stand- ard line made 1927 a difficult year in which to make large profits. A. R. Erskine, the president, said. The com- pany expects an increase in business in 1928, he added, and has showed a gain of 34 per cent in sales for the first two months of the year. TEXAS CORP. NET SAGS. | Decline of About $16,000,000 Noted | in Firm’s Earnings. | NEW YORK, March 9 (#).—A de- ‘clme of about $16,000,000 in net in- come for 1927, compared with 1926, is reported by the Texas Corporation, holding company of the Texas Co., its operating organization, which is one of the largest in the ofl industry. The year's net-income was $20,029,406 after depreciation charges and Federal taxes, in contrast to $36,043,330 in 1926. This was equivalent to $2.78 a share on 7,219,243 shares, against $5.46 a share on 6,578,000 shares outstanding the year before. Authorized capital stock of the Texas ‘Corponllon 1s $250,000,000. GOLD FOR SOUTH AMERICA. NEW YORK, March 9 (#).—The Na- tional Bank of Commerce will ship §7,- 133,940 in gold to Rlo Janeiro tomor- row for the account of White, Weld & Co., New York. ‘The bank also is ship- ping $2,000,000 in gold to Buenos Alres, INCOME IS SMALLER. NEW YORK, March 9 (#).—Net in- | come of Weston_Electrieal Instrument Corporation for 1927 declined to $486,- 402 from $666.554 in 1926, The reg {lar quarterly dividend of 50 cents on | the class A stock was declared. m“mfl LINES INDICATE MONTHLY HIGHAND LOW COM 5TM 460,000 5K PFD.STH 450,000 SK. 80MDS $30,000,000 PER SHARE ANALYSIS, What Is Back of Kach whure. December 311926 Per shie sty ' #1704 By g ation a0 Nt wame te fur pretiryed and con iy i nins stptemont tor 1INT Wity nothing varned sines afubic. 1y passed ut recent di oty foom 101 o il ai vcautied agein Tua e eun e Cubion aitun: deliind eukar i v orld w bt Ui o Sintes Bikhly sMlent pros for tur Tuce Tark of tiie her infin ok ) i Lient k Luke, Jr, one of the can uviators durtng the D. C, FRIDAY, M [ BONDS ot ] Received by Private Wire Direct to The Star Offica Quotations to 2:33 p.m.~Final Quotations In 5:30 Edition. UNITED STATES. (Sales In l\ .| Sales. High. Low. 15 101 14 10115 10115 17 102 26 10226 10225 1 100 14 10013 10014 17 103 21 10218 103 21 1 102 28 102 28 102 28 . 105 10726 107 26 10726 2: 55 3% US4s1944 111 11017 11015 11017 USty%ss2 Argentine 53 Argentine 6s Argentine 63 Oct Argentin, Argentine 6s b Australia bs Australia 63 195 A H Belglum 6s. Belgtum 619, Belgium s 195/ Belgium 7s 1956 Belgium 7 HBelgium 8s Bollvia 8a. Buencs Alr Canada 68 1952. ... Canada 633 1929, Chile 78 1943 Chile 8s 1941 Chile 8s 1948 Chinese Gov Ry 5s. Covenhagen bact. . Czecho 7%4s rets Czecho 8s 1 Czecho ¥s 6 D1 5%s Mch 53, D131 5%s Nov a3, Dutch Eaxt § 65 47. Duteh East ) 6s 62, 131 Salvador 88 48. . iniand st 63 45... #inland 7s. . Framerican 148 French 7s. Erench 74, French 8s. German E1 P 6 Japanese 4s... Japanese 6ls. Marseille 63, alexico 45 04 Mexico 4s 10 asnid Milan 6gs. . Aontevideo 7. - vetherlands s 54, etherlands s 72. ew So Wales '67s. ew So Wales "58s. ord 68, Norway bls Norway 63 1943, Norway 6s 1944, Norway 6s 1952, Ortent Dev deb 6. Ly-Mea 63 Paris-Ly-Med 13, 19 Peru7%s eru 7155 1956 Poland Porto Aleg Prague 7iy Queensiand 6 Queensiand 7 Lthineibe Un 7s, K10 do Jan 8s Rio de Jan s 4 1o Gr Do Sul Rome 61 3a0 Pauio 1950 Saxon (PW) 73, Serbs Crot Slo Tokio bs. Toklo 5148196 Utd Kingio 6%s 37 Utd Steam Coven 63 Uruguay 8s.. Vokohama 65 w i 6 102% 101 1027 02ty 1004 99% lfl.’)‘.u 101 110% ¢ 110% 28 97 105% 1% 1L 4 1034% 1031 104% 104% 1004 108'% 107% 1157 110 O8N 107% 101 99 100 Ry u7 93% 102in 101 MISCELLANEOUS. Ajax Rubber ¥3... 2 107+ 1074 Am AgriChem %8 95 105% 105% Am Cotton Uil §s, 2 xnm 1014 AmSmit& Ristbs 3 AmSmit & Kt 6 Am Sugar Rer AmT & Talur AmT&Tcltr Am T & T of bs. Am Tel & T Am Water Am Writ Paper 6 Anuconda 18t 6 Anaconda cv db Andes Copper s, Armour&Co 4 4% Armour Del 5% Barnsdall 68 1940, . Beli Tel Pu 68 B. Bell Tel PabsC. BethieneniStl pmss Beth Steel rf bs. ., Beth Steol b4s 63, Beth Steel 63, .. Bkiyn Edison b Bklyn Union 5% Chile Copper Cuba Cane cv 7, Cuba Cane ¥s Cuban Am Sug 8 Denver G. Detroit Dodge Fisk Hubber . Gen Mot Ac Cor 6 Goodrich 6%s. ... tioodyear éo rcts, Humble O 4. Humble u & It Lilinois Kel) | I1linols 8 Indiana Steel bs Int Mer Marine int Paper 68 47 M1 Con 6148 40, Midvaie Hieel bn. .. Mont Power bs ‘43, Mont Power deb bs Mor's&Co 18t 4 e, Nat Tub Ist bn, . Nowkngland Tel bs NYGELH&P NY Talahyn., N Y Tl tin 4l N Y Tel 6 North Am " Nor Ohlo T'r & L, 68 Nor States Pow bs. e Gun & Philagitead Merce Arrow Publio Hervi HemingtonAr Sinclatr 01 6n Binclalr O1) 64 World War, snd four planes In 17 days, helleved to brought down 14 balloons he a record, mecording o the Liberty Magazing, wum Unlon 6%, . Y94 106% 106 9 1064 105% 1% 4 101 104% 1034 105 106% 269 Yo'y 9% 7 Bla 106% [ 78 10H 1028 101 L) 104y LREIN 10478 90 9215 10674 1010 1084 1004 102% 1051 997 1043 105% 100t 104, Bi%y 10 1056% 1041 1020 ludy 05 105 PRI 1041y 100% 1044 106ty 104t 04 I 107y v 1% V7Y 100t Wi [T 1y 10 11517 11615 11617 FOREIGN. Sales. High. Low. 2:55. 2 92 2 2 109% 1064 110 1064 93ty 108 102 101% 99% 108% 112 100 9% 91 1057 99t 109 F 1071y 105% 101% 102 1084 1047 994 1054 106 109 100% [{EEN 0y 101 L) 0 LLEEN " | CM&StP 58 (new). ARCH 9, 1928. INVESTORS’ BONANZA IN GENERAL MOTORS 100 Shares Commitment at 68 14 Sales. High. Low. 2:55, Westinghouse 6106 104% 105 Willys-Ov 6% 3 1024 1024 102% Years Ago Would Be Worth Wilson & Co 5 103% 1034 103% Yngstn S&T 6s w.d. 39 100% 100% 100% $636,000 Today. RAILROAD. Atchison gen 4 97%| By the Associated Press. e 14| NEW YORK, March 9.—Any Investors Atl & Dan 1si 82 who bought General Motors when the company was launched and who held 96% | the stock are now comparable in good 4 100% | fortune to those who invested with - 0] efo e 1037 | Henry Ford before the name became 103% | familiar to everybody. Bkiynilevated 6 Bklvn Manhat 6 Bulf R & Pitt 4%5s. Can Nat 418 b4 Can Nat 4 %38 6 Car Clinch & O Central Pacific 48. Cent I'ac 1st 62 90, CM&SPevd tsizefs CM&SP rf 4lysct. CM&ESUP cv bs ofs. CM&StP adj (new) Chi & NW gn 3%s. Chi & NW gen 4 1 Chi NW 4155 2037, Chi & NW 6%s..,.. Chi Rys bs. . ChiR1&Pri CR I Pac4ls | Chi T H the 6s 60 Chi Union Sta bs.. Chi & W Ind en 4s. C& W I5%86; CCC & St L 6s D CCC& StLrf 63 A. Clev Term bs. Clev Term 5%s. Colo & Sou 4%s.,. Cuba R R he ba R R 7%s | Cuba Nor B%let!. Del & Hud 5. Den & 10 G en 48 | Den&R10G 415 | D R10G West 58 | Eirte 15t co I'JIOL.QII 4s. e vt b 6 Eirle & Jersey 63, I FlalsCo8 4. Gr Trunk stdb Grand Trunk 7s. 4 10814 98 i | 100t 108% Fourteen years: ago 100 shares of General Motors common cost $6,800, as- suming that the stock was purchased at the average price obtaining in 1914. Rapid expansions, both in the price of individual shares and through numer- ous stock dividends, have raised the present value of this original investment to $636,000, an increase of 9,353 per cent in 14 years. The 100 shares, which could have been purchased In 1914 at around $68 each, now are represented by 4,240 shares, worth at current prices more than $150 each. On this stock, at the regular $5 rate, annual dividends amount to $21,200, or more than three times the original investment in the issue. ‘The annual report of the corporation Just issued reveals that its assets now aggregate more than $1,000,000,000, making it one of the few compames in the world to attain that high level. It has been said in Wall Street that two billions would not buy General Motors, a statement which is given much strength by the fact that the aggregate market value of the common stock alone is now in excess of $2,600,000,000. General Motors Corporation advanced from $137.50 a share one week ago to- day to $151.50 yesterday. In the week approximately 2,000,000 shares of the stock changed hands on the New York Stock Exchange, and the aggregate quoted value of the 17,400,000 shares outstanding has recorded an apprecia- tion in value of nearly $350,000,000 | since the first of the yeur . o | INT. TEL. & TEL. PROFIT DOUBLES 1926 EARNINGS NEW YORK, March 9 (#).—Consol- idated net income of the International | Telephone & Telegraph Co. and asso- ciated companies for 1927, was an-| nounced yesterday at $14,413,495, more ‘thnn double the $7,105,206 reported for | 1926. The large increase reflects the acquisition of the ital stocks of All-American Cables, Montevideo Telephone Co., Ltd., Chile Telephone Co.. Ltd. and Companhta Rio Grandense. Earnings per share were equivalent to $11.07 on the common stock out- standing at the end of the year. The outstanding stock was increased dur- ing the year to 1,301.994 from 585,983 | Great North 5% 1124 112% 1124 |shares. Earnings in 1926 on the smal- Great Nor gen 116% 115 115% | ler ulmuunt of stock then outstanding, Hud & Man ref 5s. 0115 101% 1011 | €Qualed $12.13 a share. Hud & ban ey ser. 00 "onre 'ou'e 101%| “Total surpius at the close of 1927, 111 Cent ref as. 974 | WaS placed at $21,165,247, compared | 111 Cent 48 52 a4 vmn' $9,800.383 at the close of the| HiCent 4%868.... 1011, | Previous year. 1) Cont Clov s .. 62 100% 's0:s 10| The regular quarterly dividend of 11, Int Rapid Tran 63, 80 79 s per cent was declared, payable April | Int Rap Tr 63 stud 119 Int Rapid Tran 6s. int Rap Tran7s.. Int& G Nor 1st 6. 10t & G Norad 83, 23 fIntRysCAbs T2, Int Ry C Am 63 41. Int Ry C A 6% ret Kan City FUS 43 KansasCity 8 3 Kan City Term 4 Lake-Shore 4x Nassau El 48 6. New Or Term o3 3 | 16. to holders of record Match 23. DODGE EXPORTS GAIN. NEW YORK, March 9 (). -Expons of Dodge Bros. cars and Graham Bros. trucks and commercial cars in Febru- | ary.set a record for that month of 3,801 | units, against 3,013 in Pebruary last { year. Dealers in Europe placed large | | orders during the month for trucks and | Victory 6 models. Long 13 f 45 43 921 Zimiee ey Louts & Nash 5%s. 1 110 SILVER QUOTATIONS Man R 9 82 72 Matkor Be rai VUL 9% we 99 NEW YORK. March 9 (#).—Bar sil- | MStP&SSM3s38gtd 1 100 99y 9y, | Ver, 57la: Mcka dollars, u-.. | MK&TIs 23 ui Th u2l DT 1 90% o3| Washington Stock Exchange | S Sales. . 0% | Cap. Traction Co.—10 at 11115 Mo Pac 58 ¥ 77. 2 305 & DG oW "Wa\, | Wash. Gas Lt.—3 at 89, 20 at 89%.. | Wash. R. & E. pfd.—7 at 104. Merch. Bk. & Tr. Co.—7 at 151. | Mergenthaler Lin.—30 at 104. o mux.rer Ref. & Whrs. Corp.—5 at 50. ::‘- | After Call. 103 | Wash, R. & E. 45—$2,000 at 03, $500 3 10w | 5 107' 1074 107y, | Amer. Sec. & Tr. Co.—2 at 450. NYCRI&SIL 6% 8B, 6 107% 107% 107+ | Pot. Elec. 6% ptd.—1 at 111. NYC&StLS§: A_ 2 103'% 1034 t03t | WVash, R. & E. pfd.—10 at 104. NY NH&H db 1 81 si's 81t | Unfon Trust Co.—10 at 313. NY NHaH ov dp oo 416 116 116 | Wash. Gas 6s B ‘368500 at 108';. X TOntWistas." 7w K sy | Peoples Drug Str. pid—25 at 133. ys 6s LU £ 19 19 Unlisted Department. N R en 5% 5 b . & i 5,:’:::{; :;_ = .{:2," Bois bou|Chapin Sacks 8% pfd.—100 at 105 NYWeBoadial T d0n b 90 || Money—Call loans, 5% and 6%. Nor & S gen s b 5 u6% Y6 H H Nor Pac 3a2047... 1 7w 7l Bid and Asked Prices. Northern Pac4s... 12 97 Y6 Northern Pac 58 D. 11 108 108 | BONDS. UreShortLrfats. L uot whw | bl Ore Short Loends.. 5 110% 110% 110% | 40 . Fenasyl con ¢ 1 105% 105% 1054 2 108 103% 1087 1106 108 105 6 1056% 105% 105% 1105 105 105 1 LR U8y 1084 LN v Bomsy 88 RIATK& LaYys, 1 98y Us's St L IM&S ¢ Stl 1 M&S gn St L IM&S 1R&A 48 StL&S K StL&SKprin StL&ES KoL StL&SKad) StL&S K mne StL&S K SILS W) SUP & KCShL Seabonurd A L Seubvard AL Seab A L ref ¢ Seab A L ad) Seab A L con SB All Fla 6 voly 115 99ty [TIEN V6% 991y Sou Pac 48 I Sou Pacil Sou Ry & Sou Ity Con 6w 4., Sou Ity 666, , Southern Ity 8% Tox & Pac b8 17 rte 'hird Ave rof 4s 60 Third Ave(ad) b Unton Iao 18t Union Puo 18t cf 48 Un Peo 448 67 n 100 1064 1081 10y [ 1041 ity 14 Nile 1014 it ECIN Wis Cen ko ds 4., POTATO MARKET DULL. CHICAGO, March 9 () —(United Btates Agriculture) —Potatoes—Recelpts, | 121 cars; on track, 358 cars; total United States shipments, 1,139 cMrs; de- mand and trading low, market dull; Wisconsin sncked ‘round whitea. 5 20 288; Idaho sacked vusset Hurbanks, 2.5082.70; commercial, 200a2.25: Flovi da crates Bliss Triumphs, 325a3.60; Cuba, ‘llll BUTTER 18 mmu:n OHIOAQO, March 9 (4. —RButter higher; receipts, 7,450 tubs. Creamery extras, 40; standards, 483 extra firsts, AT adl; firsts, 44,040, soconds, :“ 431, Eggs higher; receipts, 1 g;lu. nnn 2/a28Y,; ordinary 0 RUBBER ADVANCES. NEW YORK, March 8 (Hpeolal) Crude rubber, smoked, vibbed asheets advanced 'y cent at nm‘ Noon Qo= tatton of 6, cents. This compares with a5 a month ago, and 40, cenle A year ngo. 105% 1% & Kleo 4 . & Kol gen MISCELLAN T & Ross e Gt Wi STOCKS. rUrLIC Tel & Telsa Camital Tracton oL Waehingion Gas Awer potomac Fl Potoma, Wash Wash Elec Rwy Rwy. & NATIONAL BA! nal Capisal 1 Commer pusirit al hanies Lincoln sivy oual Meticpolitan. .11 "ve 9O Bank of Washington d10 TRUST COMPANIES ity A Trust Co . 400 i A0a | | 0 v W Viited stater Washineton Mechanics FIRE INSURANCE s (R American 1 'l T R TS Wash ‘e ‘e vl A MISCELLANKOUS Parber & Ruse lue. com, m ey Chana Bt el it R RN < o l||\|ln ‘\h‘ 10d b & tvavel ki WA Wiy \3 W b i s ™ ik Blitane " RET ke Wiy T W T T A ' Wi A 8 Hetvlas Toie: Shares uhd it i vttty - Morede. | T AN UIRRR [ S (N dor Ref & Whia (o Was A\m\ehlmu Hall wtd ol Miea ot N Medival Bide o Wanlward At Lot nit: 100 AN St ) EENEN TN gReater part of cap- | | City n( “afihlnmon A L FINANCIAL. 15 Reserve District No. 5. mom' OP CONDITION Merchants Bank & Trust Company At Washington, in the District of c«g:n;bn t the close of business on February aLoans and discounts, lncludln n«hconn acceptances of other banks and foreign bills of exchange or mm sold with indorsement of this bank. $7,068,430.49 1,432.73 2. Overdrafts, unsecured ..... .. . 4. Other bonds, stocks, securities, etc., owned. . 1,179,789.75 6. Banking house, $140,000; tumiture and fixtures, $53,2 . 19326139 7. Real estate owned other than banking house. . 10. Cash in vault and amount due from national banks. 11. Amount due from State banks, bankers and trust companies in the United States (other than included in item 10).. 53,752.47 Total of items 10 and 11. $1,19i; 935.28 14. b Miscellaneous cash items . 24,161.92 18. Other assets, if any ... 12082871 Total........... tesssnenn cerresesesessscssnss.-$9,802,288.57 19. Capital stock paid i it $1,000,000.00 . Capital s paid in. -$1,000,000. 20. Surplus fund ..... 250,000.00 21. a Undivided profits . b Reserved for .... | ¢ Less current expenses pald....... [T [ b v 02,677.25 | 26. a Amount due to State banks, bankers and trust com- v panies in the United States........... $101,259.38 b Amount due to banks in foreign countries 188,395.28 289,654.66 27. Certified checks outstanding.. 25,539.25 Cashler’s checks outstanding. 49,242.12 . Dividend checks outstanding. . 135.30 Total of items 26, 27, 28 $364,571.33 Demand deposits (other than bank ct to reserve (deposits payable within 30 days) e | 30. Individual deposits subject to check. . 4,582,037.11 1 31. Certificates of deposit due in less tl money borrowed).. 113,260.00 34. Other demand depos 55856.35 Total of demand depos posits) subject to reserve, items 30, 31 and 34..84,751,153.46 1 Time depuslts subject to reserve (payable after 30 days, or sub- ! ject to 30 days’ or more notice, and postal savings) : 35. Savings deposits (including time certificates of deposit other than for money borrowed) . cen . 37. Other time deposits ‘Total of time deposits subject to reserve, 35 and 37.......c.00.00n0tc0cintosoncninans Q3 143.704.96 | 43. Bills plyable (including all obllgauons represenllng money bor- rowed other than rediscounts) 200,000.00 :194 Liabilitles other than those above noted 181.56 $9,802,288.57 Emsmu of Colirnbia, & , HARRY J. DONOGHUE, treasurer of the above-named bank, do solemnly ysv.ear "that the above statement is true to the best of my knowledge and belief. [ARRY J. DONOGHUE, Treasurer. i Subscribed and sworn to before me this 7th day of March, 1928. (Seal.) CHARLES J. CRUMP, Notary Public. Correct—Attest: PETER M. DORSCH, ALVIN L. NEWMEYER, 1 L. E. SCHREINER, R. L. LAMB, J. L. SHERWOOD, JOHN M. BIDDLE, FRANK E. GHISELLL, J. ERNEST MITCHELL, JOSEPH A. RAFFERTY, HARRY R. CARROLL, NOBLE P. BARNES, JOHN ZANIER, ROLAND S. ROBBINS, Directors. Charter No. 3625. Reserve District No. 5 REPORT OF CONDITION Of th COLUMBIA NATIONAL BANK At Washington, in the District of Columbia. at the clos2 of business cn February 28, 1928. RESOURCES. . aLoans and discounts. including rediscounts, acceptances of | other banks and foreign bills of exchange or drafts sold with indorsement of this bank (except those shown in item 1-b)....$3,860, ws 7, Overdrafts, unsecured.. 3963 U. S. Government securif S , nDelposiud to secure circulation (U. S. bonds par value) bAIl other United States Government securities (in- cluding premiums) @i $250,000.00 4. Other bonds, stocks, securities, etc.. owned. 6. Banking house, $73,336.00; furniture and fixtures, $12,000.00. | 8. Lawful reserve with Federal Rese:ve Bank. 10. Cash in vault and amount due from national banks. | 11. Amount due from State banks, bankers, and trust comptmes ! in the United States (other then included in items 8 and 10). 1 12. Exchanges for Clearing hOUSE............ccceveeeeneanens | 13. Checks on other banks in the same city or town as reports bank (other than ftem 12)... ‘Total of items 10, 11, 12 and 13.. ‘llv b Miscellaneous cash items. . | 15. Redemption {und with U. 'S 'Treasurer and due from U. S G T e e T OO N R T | ! R A R S PEETTRTT TR | e | LIABILITIES. | 19. Capital stock paid in. | 20. Surplus fund | 21. a Undivided pr | b Reserved for col 00 1 $139.492.64 f CLess current expenses Paid........e...oieeiaeenn.n 1316072 i . Reserved for taxes, interest, etc.”Sccrued Circulating notes outstanding Amount due to Federal Reserve Bink (deferred credits) 25. Amount due to national banks..... a Amount due to State banks, banke the United States . . Certified checks outstanding. .. . Cashier's checks outstanding Dividend checks ou{s(and‘.nx Total of items 24. 25, Demand deposits (other xha'\ bank dt;\m.sl subject to reserve (deposits payable within 30 d: Individual deposits subject to check. Certificates of deposit due in less than 30 days « money borrowed) . Total of demand deposits (other than bank @eposits) subject to reserve. items 30 and 31. . and trust compantes in .$3,032.352.07 Time deposits subject to reserve ‘pa)‘lble after 30 days, or subject to 30 days. or mere notice. and postal savings) : 5. Savings deposits (including time certificates of deposit other than for money borrowed). Postal savings tepasits Total of time deposits and 38 Total istrict of Columbia, MITCHELL. eashier of the abme named bank. do solemnly swe: | that lhr abme statement is true to the best of my knowledge and belief. ter. A. N. MITCHELL. Cash! Subscribed and sworn to before me this 8th day of March, 1928, JOHN W. SCOTT, Notary Public. GEORGE M. LEIMBACH, (Seal) Correct —Attest HARRY BLAKE JAMES A MESSER. JOSEPH H. MILANS, JOHN H. M W. CLARENCE DUVALL, ILLER. WALTER S. PRATT. Jr. JOHN JOY EDSON. FRANK J. STRYKER. L. WHITING ESTES. C. FENTON FADELEY, JOHN N. SWARTZELL. Directors. v san Ay ALBERT F. FOX, ERNEST C. GUY, DAVID J. 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