Evening Star Newspaper, March 12, 1928, Page 13

FINANCTIACL.' THE EVENING STAR, WASHINGTON, D. €, MONDAY, MARCH 12, 1928 FINANCIAT, LT 7. 4 yesterday by the Rycade Ofl Corpora-|to gush. The new oll well is In a| A newspaper printed in the P , T 13 10 BIG WELL BROUGHT IN. tion at Bayou Boulllon, about 25 miles | swamp in &t Martin Parish just over | language of Hawall since 1881 o NEW YORK CURB M ARKET e Hen southwest of this clty. The pressure|the Iberville Parish line. about to be discontinued. A P 4,000-Barrel Gusher of Rycade|was so great that oil was shooting to ‘ 3 o > » the top of the derrick, di - Recelved by Private Wire Direct to The Star Office L& R S Corp. Is Hit in Louisiana, ports, it the crude u:flcr?zr zrs‘ga'fiu::ee‘ UN EURB EXGHANBE 4 S R BATON ROUGE, La, March 12.— :r ;bnul the average of the Gulf Coast Following is the list of stocks and Emp GAR 8% pt1113 1103 1113 TSR 6L The New Orleans Times-Plcayune says | The well was brought in at 2,920 feet bonds traded in on the New York Curb 2 "”m; Rl : PR a 4,000-barrel gusher was brought inland was capped shortly after it started e e e e e 2 Market today: : b iR i ¥ INDUSTRIATS Star. G Dl Bik ¢ . SR I We take pleasure in announcing the opening n hundreds, i, e & L Rien 0t Early Activity Followed by ™ "Vywisi ot o s a0 4 SRt e E T T T e Dull Spell—Features on § LT nirlr, O 0 1 TN A Complete Real Estate D Toxon On - Land the Bull Side. 3 "i' 2 33 M A I L Loan Service Tue Ritz-Carrron HotEL CDARD OIL IS8T #Ac s Broad and Walnut Streets munits. MER SUBSIDIARIE POCKS. e it i The facilities of this company include a form of Philadelphia, Pa. ‘ 5 S e 200 Ruckexe 1 L. 641 1 sl 01 TR loan to suit each class of first mortgage real pecial Dispatch to The Star. T Am Hiwain 8 i R e w 4 30 1058 1 estate loans and offer the most reasonable rates | NEW YORK. March 12.—For the first b i o A Ruenas Al 4 2 s = 3 5 P i i 1 hour today the Curb Market kept pace 1Am o - A Eurekn Bl K 4 Ruenos Ay’ 3c 1o 10 10 of interest. We will be glad to discuss with you in charge of Mr. William Andrew Quigley with trading on the Stock Exchange, Am S & O o R 4 o 5 3 § nR1y = 5 rou. a . but with the movement of prices ir- im s & o] ERITE . i Panieh ¢ i any proposed loan—and at no expense ¢ you. with whom Mr. deBenneville Bell regular. ‘Thereafter the volume of busi- 3 R P p 100Ind P L ...... L Fimand .‘,’_v > e 4 i ness fell off appreciably and there were e 2200 Inter Dot € 14d. . 3 8 0 ¥ i ' z will be associated ‘erials when dullness actualls pres W& L4 aF Low Interest Rates Immediate Answers ilad. Noteworthy features continued i ! 100 O, ¥ g Sl et T i T e ne of ativance, but| 20 Riwermguty, SOty ! Penn Mex [Fiell A0 0% 4% ) iz i 100 and Commission on Applications in numerous recent specialty favorites ate Ccrp 1081 104 T pr ! ; ] {’x;r ]u:ax'cln:‘ grmaud appeared to have & Heas :‘{1'.2?:3!"\;\”;.‘”"“ i A 21 Taaro N B F SAUL CO F. B. KEECH & COMPANY i 5 o It e (CHANGS Mirhhigis Mans o TiE MEW YORR SToCK EX In point of activity attention was i o TR son s o Ky 5 ’ N again directed to Campbeli Wyant and S : 130 Vacuan RS EEE R TEeH g ! Al Main 2100 925 15th St. N.W. SROADWAY, NEW YORK 2 ! ProviDENCcE wasumeTen BY WILLIAM F. HEFFERNAN. rconi Co. of 5 is the largest E e T 2 Sales in cu { the form y and 3 R 8 thousands, 1 3 the new high record for that issue was s 4« RS 54 ) L coincident with what has been transpir- 4 4 3 7 4 o Ame HR ing in the market for General Motors | 4 Buzza ¢ (\’{5 30 9 15 Am G s on the Stock Exchange. The same } Camphert t ¢ 128 E n, 1088 could be said of the buying which came W e e Seltine s R into Marconi of Canada because of its E X 165 H 6 A ETTEH ons with Radio Corporation of 5 .; Appal ;A‘ |l a3 :::::', r Cab Manufacturing had as ! L £ 16 198% e 103 its_incentive for the demand at new ; : high prices the rumor of a merger with another prominent unit m_the motor Other mot: were sympa- influenced by strength in the oup on the big board. Durant Motors. ite recent publication of the unsat- actory earnings statement, was taken ross 10 on a rather hea turnover. rn Auto was helped also by decla- ion of another extra 2 per cent stock dividend in addition to the quarterly £1 in cash. The new Safe-T-Stat, dealt in on a when Aw,pd basis, reached a new top arou Ttilities were md by Middlewest and United Gas & Improvement, while the oils were once more left to drift for themselves The new $10.000,000 2&:\1? of City of w, offered for public subscription t 89 and interest to vield over 7.95 per cent, were admitted to ng\dmg &1, opf ‘ and sold at the subscription figure. - 2 oid 2108 03 $ Emp 0 & L | o Bonds of the United States Rubber Co. ; f i ; : B . A were heavily dealt in at slignt price 3 ’ i o S Poos i ey The world’s lowest ptioed SIX CYIlflde’t truck of changes follow: publication of e i G 1 55 2 i PFD.6TK. 229890 SW. A e o Sk LD i i a0 i | foell ] Lsowos eavaieres: 2,000 pounds pay load capacity. Powered by the im- 3 p 7 TR | PER SHARE ANALYSIS. prwedPom:acengmc. Smkmgappeara:uhspeai— Wall Street Briefs § Found : ; ~~ G $ 1 What Is Back of Each Share. TE%N N Y P ATIN R AR IR | r prome austli® 20100 P flexibility—power—four wheel brakes—four speed F S: B 0 NA NAL CASH REGISTER.— onds and orre ek, . 8 i fest, — 7 S— I R i S e Ryt g ok 5ge3 transmission—ventilated crankcase—ten different 8 share on the combined “A” and “B” Sundry obligatio g c Common Stocks in 1927, compared with e e R ERtin ; body types, factory-built and interchangeable—clased $4.51 a share in 1926. Net income mfie Net assets for common ... B X to $7,044642 from $6,762,639. The 1928, \ f _Chms 3 f 5 3 B S A I car comfort— price,$745 f.0.b. Pontiac, Mich. ' hava been ' paid continuiualy tion, except in years 1858 and orted that reduced earnings for 1027 $900,000 mére than the previous year. BGrand Stores dus 10 flood expenses and higher astin n 5 Stn *Ex-dividend, mmm-:::-mm 0 LLINO!S AL R L unes Worcare MONTULY HIGH AND LOW m"u PR e Fry (O VP P YUY Sezex au - Zoat T2 Eadt Sk EFE & Net working capital on December 31 3L GARP T C 1 pt 1 stood at $28.843362, an _increase of 12 Hall Printing. o more than $1.700,000. F. B. Patterson, 3 president, reported the company was de- o Wd RO se Aol Jarecly dus veloping machines for new markets and D Trod Aiin (Consult_vour hanker or broker for fur- AL G s carried itie pimtinck e d; A P o 5 2y, | ther, information as to. values back of this ond the range of machines to be used : ; ; L P 3 e 4 : Kekapbook this for tature reference. in retail stores and accounting ma- 2 B § 1 iy es now are adaptable to banks, in- A Ly 3 YP&L4 i i llment houses and offices. 3K 20 Nichglskaune v g % BUTTER IS LOWER. 2 2 3% B CHIOAGO, March 12 (7).—Butter, DEBENHAMS SECURITIES, LTD.— k 1 S PhE ; 1 ) P : bRt U lower; receipts, 11,501 tubs; creamery American ‘hd“’es-“‘ Dl'lb’"h“g" ?:c“g; i Val € eia 205 : oa Dot 51 ' % | extras, 49; standards, 4815; extea firsts, . ties, Limited, controlling the larg 3 = ,"mv Ed 8 w | 471204815 ‘firsts, 44122461 ‘seconds, 41a ¥ P A chiin ‘T department “stores. t Gteat 70 Gwens Sh' 611 i i 4315, Eggs, lower; receipts, 21,187 cases; % Britain, will be marketed here tomor- v Wire L, b i NI | 431%. Eggs, p! 7 : Tow by e s o snd arvel” Carhoons & a8 LR S firsis, 281(a2813] ordinary firsts, 27%4. Brown Brothers & Co. An issue O Casualis | b e T o i e it ; £5.000 sharcs wil be offered at $5150| §Hins Golliag:: 4 BRI SR b First Illness at 100 Fatal a share. Application will be made to ¥ikens "TVBRG B3 B : b have the shares listed on the New York Jome MIK... Lt < eon P In all the hundred years of her life Stock Exchange. It is proposed to is- Mengel Box' X it Gu.. 1 Mrs. Mary Carew of Gortnagurg, Ire- sue 1 American share for 12 ordinary 3 Metto Chain Sira_83 ; AR - *1; | land, never was {ll. She celebrated her shares of the company at 5 shillings ) West Ltil par value each, to be deposited with ’;'Re » i : ot a8y 0514 mmbl: l;lr(l?l‘dnyh -]m-nlv;x-;n'yrt Iu‘: !s::- American Exchange Irving Trust. The| 3 87 ¢ : j tember feeling hale and hearty, but she 4 o American shares will be entitied t0 a o, S yhRw 10w [ had her first fliness recently, and within If your’d buy to advantage in the automotive éividend equivalent to about $2.18 a 3 g PERTh B Srater St T A T000 Yot '8915 | & week was dead. share, expected to be paid in April i¥ :" i s i i -"'," Charter No. 7446, REPORT OF CoNDrTIon | T District No. 5. field, it paysto remember one rule: Investi- AMERICAN POWER & LIGHT— i b onl 1m0 e D oer & Light Gor| & S FoabhPhy COMMERCIAL &KTION AL BANK gate what General Motors has! .. .. Here, for for 1927 were $8,726.191, equal to $4.85 o I 1928, are - d ea‘ 8 share o8 the average pumber of oo Nor Am ! At Washington, in the District of Columba, at the close of business on three great series of trucks—m shares outstanding during the year, Tzol?mt $7.996,597, orngi.fl a share, the February 28, 1928. Sear betore. of. i g 8 e ing every need in delivery and hautage. GENERAL MOTORS.—Stock market 4 2 anf . aLoans and discounts, including rediscounts, acceptances of Mod ¢ § h with fi 1 statisticians see various ways to look on s 2 2 218 218 other banks and foreign bills of exchange or drafts sold with " Per ' F M ot al Motors common as still being indorsement of this bank (except those shown in item 1-b).. $8,052,728.94 A o omeseut Jevel. They fgwe| 2 3 2892 | o overarafts, unsecured. = bt (1 economy features that set new standards in lard industrials selling hilip Morris A . U. 8. Government securities owned: e of nearly 17 times earn- 2 P W 5 7 a Deposited to secure circulation (U. 8. bonds par . fmm K3 . la %ol mue wies 4 Bl . $1,000,000.00 itsclass,each bya engine «eee + C B All other United Sta overnment ~securities el sy 7y ¢ UDCIUGING DROMILIS) < .sxvoosoeesesoeneenss 150302413 Vatues possible only through the resourcesof 8 i . current earnings reported u:’ be' r;n{ "E"& EraL o rlel'l‘ 1 o aBsdalas ning about 25 per cent ahead of 192 TR 8 O : ' otal .. 503,024.1 . T D S mie rate 3078 eatnings woud be| 1o i 321 Other bonds, stooks; securities; ete., owned T 27684452 this organization . .. . Let one of our transpor- shout $17 a share. Allowing for anv an, B : . & Customers” liability account of acceptances executed by this . o slackening in the rate of gain, it is o o e e bank and by other banks for account of this bank, and now studyyourbusm' ess deta- calculated a ennservative ’ht!mn!r feway Stnres 1 outstanding . 66.817.03 mon mee“ to would be about $15 a share this year. s tatey 44 . Banking hous g 520 1,758.92043 . — . Y & :""f" ? " Real estate owned other than banking house 163,12031 mine the best type truck for your partlculat o e T : ; Lawful reserve with Federal Reserve Bank LD 53394868 0us COpper compan ; i 3 ‘9. Items with Federal Reserve Bank in process of collection. 268.625.20 [P o Sert o the 5 Catnt i vER AHAlMHEAL i iromm Eacianal aake el e 1T IoA needs. No obligation, except— before you I*horigh the price has e Amount due from State banks, bankers and trust companies in g g . . B bentell o Pl & Bron : the United States (other than included in items 8, 9 and 10). 133.704.28 buy-—to investigate this most complete line! n ind, which SO P& 1D bt . Exchange for clering house 276,214.31 : 38 said o mean 2 good profit for most |::.m.- m,” war 1 . Checks on other banks in the same clty o fown a8 reporting fargest groups vecentiy said be looked | 5 s ol e i ' e LT i pt LT ee he oo 1 %00 (a1l BB ntd . otal of ftems 9, 10, 11, 12 and 13.... The Lowest Priced per copper companies for , -...’m % G & Bro o aChecks and drafts on hanks tncluding ral Re- s“g‘,’:&, (e S s al Jeas! V i ‘| &Hhm' Ik " serve Bank) located qutside of city or town of re- lm“m T n—— T3St 1 A 100 o porting bank.... $33,160 27 pounds pay il et i 1 suna Mo % 1 ; b Miscelianeous cash items. . R Y1) boad b by be ciose to normal, but % <tamd ~;'n" wie'n kY REBHERIEiGH AOHASIth U 8 & e . E 33,258.67 e e & boom, expeeun SUL 8P 5. Redemption fund wi 8. Treasurer and due from U. 8. - = very | ; 3 U. 8. Government securities borrowed. bing 300.000.00 and 2 tons—powered by the 4 3 " ! Other nssets. . 120,070 91 Improved Total tesresssrisaisessaenss $18,471,05 BUICK '&\dno between LIABILITIES Capital stock paid In. ., ereense . $1,000,000 00 CORPOR- en ! X Surpius fund ouvs 400,000.00 of 4.000 45 1, % | b . 21. a Undivided profits, . . 00698 United Bleel JRRT K 3 15 b Reserved for » . . o 9,807 08 many 1eports A A b - 251,804 06 cel output, o u 22, Reserved for taxes, interest, ete, accrued 100900 mark ) Py 23, Circulating notes outstanding ) | ) . 4 ::::’:::::: :m to Federal m’\.{w Bank deferied eredits) iLaey “05 to “020 A Amount due 1o State kn. bankers, and trust e (Chassis prices F. O. Be companies in the United States $873,734 0 Ponsiac, Michigan) b Amount due o banks in foreign countrics L 568301 ~ N . p4n S. O. S. Call—Franklin 505 Certified checks outstanding. , ... : s 1223420 . . J a rankin. Cashiler's checks outstanding . . . . . 0347415 other owns | A WA RUAL GRS | 2% Totad of om0 55, 20 H1CAW w20, Sy TR}'&%R@E&EON Demand depostts (other than Imnk dm-mm Mibject to reserve 1 7 en 74 | (deposits payable Within 30 days) TOBACCOH '“’Am GAINS o 40 Individual deposits sublect o check 6,003,667 08 b fos § 31, Certificates of deposit due in less than 30 days (other than for e money byrrowed) ., 126,795 346 Btate, cpunty, or other munieipsl deposits secured by piedge of ansets of this bank or surety bond 1,260,801 08 Other demand deposits 251,181 32 Tt of demand deposits ot tian bk déposits) subject o reserve, items 30, 31, 32 and 44 $7.724 004 71 ‘Thne deposits subject to reserve cpavable after 30 days, or sub- JeCU 1030 duys, or more notice, and postal savings) h"u}f,’.’,“.‘p’.‘.‘l.l;:,].':v‘:::,‘.‘.'.‘;“A‘L‘::r Unio-cerlifcaten of depoalt other TRUCK ). 86008 | e 881 by 187 [ 40 2 and : S $4.4010 904 80 AR e b i wa. ¥ g C'..‘..'.’,',“.".{;."'f,:"..‘l.,,f..’ll"‘.'.,.i".‘:.".,,!",EJ‘Z'..‘.’.2.'{:.“5.'.‘.’.'.‘«'.-';"Ti:'f. CONTROLLED BY YELLOW TRUCK AND COACH MFG. CQ.A SUBSIDIARY OF GENERAL MOTORS 5 Cured 300U, | o suled '4‘ . ? % g E » . 1,042 KO ot eecutities borrowed H00.000 00 N D ated by other banks for account of this bank AR 0 30‘38 Ni bt‘ N.lfi. ities othier than those shove stated 12 R T T e ST e Richmond Branch Norfolk Branch '““W; »‘-tcv‘,'.,ff,' 1..,I::::.“.’.:”:,n:“u:.‘l:;,“:junm bank, do solemnly swear (hat |()7 \\'cs' (lunul Sl. l(‘“-l.‘ (:l‘x\lll‘)’ S(. Kiowledge and helief F I OOX, Cashier s N " " x 4 - 3 B ihes i curn (o tore e e o dag ot paneh o iller Hoover Motor Co. Eugene M. Garrett, Inc. GMC Sales & Service Correet Attest il Broadway, Va. Winchester, Va. Frederieksburg, Va. 1 )W BADKN B O DAVIEON A 1 ' : % LA BLAUGHTER HAYDEN JOHNRON Speci in C 5 i Ohto Boe ere quoed al 4985) b ) WAL 1 HARTISON, It ARADLEY DAVIDRON, Specializing in Commercial Transportation ¥ ik w)f binod #l 50a5) end ¢ . ,* JAMES BHARP. F. COX, $iee einiie biod and querter biood | ‘,;";) oM ANIC Y SEROY L RUBBELLY RO, A Jjisert, sy A TRUCK FUCR EVERY PURSEAND ' FURPOSE o Slabz.