Evening Star Newspaper, March 12, 1928, Page 15

FIN ANCIAL - THE EVENING STAR., WASHINGTON, DU REPORT OF CONDITION EAST WASHINGTON SAVINGS BANK OF WASHINGTON, D. €. At Washincton. in the striet of $i.(he close ot husinees o F. indorsement of this bonds &rocka. sedur- 28,000.00 122.603.09 .71 S1214.000 93 £100.000 00 100000 00 s 43 30 cashier of e nly swear that 10 the best of | lnternatmnnl Exchange Blllk Wash $ ' poration. | dies 1.814.00 14802038 25.120.84 1 oRits denosit: serve thin 30 deposits foth subjent ‘deporite . a finclnding cates of @ n for mones . 38360031 8.191.50 ta 0 re. e 35 and " £390.800 1 ner than those avove stated. ... 419.82 $7R0.300 27 INVESTMENT BOND LISTHOLDS STEADY S. A. L. Issues Sell Off. Dealings Are Chiefly in Speculative Group. BY CHARLES F. SPEARE. Special Dispatch 1o The Star. NEW YORK., March 12.—The fact that call money was back to 415 per cent today after loaning at 4'. per cent for a week, did not disturb the investment market as this was antici- sated for the period of a few days while |the March 15 Government financing {1s going through. | Prices for high grade bonds held up in spite of the advance in the money rate, but there was not quite so much activity in them. Dealings were chiefly in the speculative issues. Their moves ments were to some extent predicated on those in stocks. In other cases they indicated a readjustment to price changes last week. The general average of bond prices was not much changed by the day’s transactions. S. A. L. Issues Sell Off. Seaboard Air Line bonds sold off. The adjustments were around 50, compared with last week's high of 55 and the All-Florida €s were under 80. Florida Fast Coast 5s were stronger and have been well bought recently. The St. Paul 5s, in which last week's trading amounted to par value of $10,000,000, were not quite so active though steady. U. S. Rubber 5s and 7!,s, Cuba Cane 7s and North American Cement 6!2s made moderate gains. An expected combination between the North Ameri~ can Cement and the Penn Dixie Cos. has been responsible for the rally of 12 points in the 6'58 of the former cor- Atlantic Gulf and West In- 55 were active around recent prices In the South and Central American bond list there were slight recessions following last week’s big turnover, and new high record prices in many of the bonds of Colombia, Peru, Chile Brazil and Uruguay. The high average re- turn of these bonds has attracted a large amount of investment trust buy- ing. Financing Held Up. ‘This source of support has been re- nsible for a considerable part of their gains. It will in time be demon- strated whether this policy has been a conservative one. In this connection the observation may be made that care- ful selection is required today by the American investor in choosing from among the new foreign dollar bonds be- ing offered to him. Considerable new domestic financing was held up during the recent depres. sion in the stock market. If a buoy ant market for stocks assists in the dis- tribution of bonds there should be a decided expansion in new offerings shortly. SHORT-TERM SECURITIES. (Begorted by J. & W. Seligman & Co.) Anaconga Coj Balumore 'lt 8 hio o',- m‘x e 1 e 1 498 1930 BN 3 oo Trunk o Cane 88 Humble 'Oll 533s 1 \'I G bia City "6f Washington. 7. 3. EAUFMANN. JR. ahove-named bank. - e cashier of the @0 solemnly swear that rue 10 the best of Cashier Jurseribes and sworn to befors me this 928 of March, 1 ) HERMAN F. CARL. Notary Pablic. SCHIAVONE. HUGH W Correct—Attest: CUNIBERT] st First Mortgage Loans Lowest Thomss J. Fisher & Compny, lne. Bates of Interest and Commission Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Becefit Life ins. Lo, [ LOANS ON REAL ESTATE ferared by firmt ceea o1 tmm on Smproves ., Frevading interest raiee 406« Fromot Eeplies ta Al A THOS. E. JARRE! BEALTORS 721 10th St. N.W. Exll(-nonl Main 766 | exchanges steady. Quotations in cents: in hion On1 nl rmv e nion Pac, < Rather 7 T, S Smelting Co. Whedling Steel C. {Quoted by Alex Brown & Sons Rate—Maturity, FOREIGN EXCHANGE. (Quotations turnished by W.B. Hibbe & Co.) London. Wontreat Paris franc russls. belz, Berlin, k NEW YORK, March 12 (#).—Foreign Great Britain, demand, 487 9-18; cables, 48720-32; 60-day bills on banks, 483%. 1st Trust Loans Any Amount D. C. and Montzomery County Large Construction Projects FRED T. NESBIT 1018 Vermont Ave. M. 9392 ' Bhanghal, {528 5-16, | Germany. | yay. oV | Austria, 14.10 France, demand, 393';: cables, 3. [Italy, demand, 5.2713-16; Demand-—Belgium, 2389; Holland, 4021; Nor- 26 62, Bweden, 268115, Denmark, Switzerland, 19.25. Spain, 1688, 132: Poland, 11.25; Czecho-| 296, ; Jugoslavia, 1765 Rumanie, 6115 Argen- | tina, 42.75; Brazil, 12.00; Toklo, 46.84; | 63.50; Montreal, 9993%;. | 26.97; | Gre | 1 ~ akia, APPLICATIONS INVITED for LOANS on INTE Abt COMPANY 1001 15th Street NNW. IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs of Montgomery and Prince Georges Counties, Md, 5%2% Sales, 43 1 91 16 1 45 1 91 1471 Libath 4% US 481944 USiyss2 Argentine 5s...... Argentine 6s Ju 69. Argentine Argentine 6s B. Aunr-n all An-m. s Hank of Chile 61 Belgium 6s Belglum 614 Belglum 7s 1 Relgtum 78 1956 Belglum 734, Belgium 8s Bolivia 8& Bordeaux Brazil 6348, Bras!! 7s. Brazil 8s Bremen, State 7s. . Buenos Alres 7s 57 Buenos Aires 7s 68 Canada 5s 1952, Chile 78 1943 Chile 851941 Chile 85 1946 . Con Pow Japan Ts. Copenhagen bsct.. Copenhagen 514 Czecho 7%s rots, Denmark 6s. DEI5%s Mch 53, DEI5%s Nov63. Dutch East I 6s 47. El Salvador 8s 48.. Finland s £ 6s 45... Finland 7s.. Framerican 7 %s. ., French 7s.., French 714, French 8s High. 0115 02 29 0014 03 21 1018 1518 FOREIGN. Salos. ¥ 10 91 15 100 28 1004 14 100% 2 100 1108y Quotations to 2:35 p. UNITED STATES. (Sales are in $1.000 917y 100 100 1004 100 98 97 108 10074 98 100% 110 & 102% 41 100% 7 100'% 18 107 7 101% 17 111 3 110% 4 101 1051 1% German El German 7s Hungary 7% Italy 1s Mexico 43 04 asntd Mexico 4s 10 asntd. Milan 6%s. Montevideo 7s. Netherlands 68 72 New So Wales New So Wales ‘583 Nord 634s. Norway 5%8s Noi 631943, Norway 6s 1952, ,. Orient Dev deb 6s.,. Paris-Orleans 7s,. Peru 6s 67 w.1. Sao Paulo 1950 Saxon (PW) 7s Seine 78 42.. Sweden 34n. . Bwins 5% s 194 Swiss Confed 8: Toho El Pow 78 Tokio 68, Toklo 5%s 1961, Utd Kingm 6%s 29 Utd Kingm 6% s 37 Yokohama 6sw .. Am AgriChem 7%s Am Repub deb €s. . Am Smit & R 1st b Am Smit & R 6 Am Sugar Ref 6s.. AmT& Tcltrés.. AmT&Tecltrbs.., AmT&Tslbs.... Am Tel & Tel 6%, Am Water Wks Am Writ Pape: Anaconda 1st 68 Anaconda cv db 78 Andes Copper 7 Armour&Co 4%839 Armour Del 6%s, . Atlantic Refin 5s.. Barnsdall 6s 1940, . Bell Tel Pa 68 B. Bell Tel Pa 68 C. BethlehemStl pmb: Eklyn Edison 6s. Bklvn Union 6% Bush Term Bldg bs Chile Copper 6, | Col Gas&E) deb Bs. | Con Coal M4 1t bs Con Gas N Y 6% Consumers Pow Gs Cuba Canecv 1i Cuba Canefs. .. (l:)ululn Am Bug 8 Donner Steel 7 East Cubn Suge 1%8 Flsk Rubber s | Gen Mot Ac Cor 68, Gooarich 6% Goodyear B Hoe & Co 8 Humble O11 tn Humble O & R G%s Iiiinote el 1st Gs. Int Mer Marin Int Paper 68 47 Inter Paper fd . alox 44w City P& L s, ly-8pring fs. ., kawanna Stl s Laclede G 6%Kenz, Lige & Myer REST ]1/ to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE of AMERICA Main 8100 | Loriilara (P) 7a. Loutsv G & B ta 62 | Manati Bug 61 740 M Con 6% 8 40, | Midvale Breel h [ Mont Power deh s | Mor's&Co st 4148 N Y IEdison s 44, , New York iid 6%s N Y Telaln. ., N Y Tel 841, NY Tel 6in 44 North A Nor Ohlo Tr & 1, 68 Pao T & T Int ts Pao T &1 bz, Paramount s 1 Pathe Exchang Pavplen Gam tn [ PhilaCoba 61 w I"hils Cort Philsliesn Plerca-Arr Por Re Am luh L1} ItemingtonAr s 82 sharon 80 118 Hinolair O1) 6 Binaletr O1 614 sinalalr O 1 lalr O u.a- Skaliv Ollsien, - s! Bt hwent 1ol e 1|1 8rana 01 N ) bu o8 a Drug s ., HE Hub ietof be 118 Fub Ti4n, 1) 8 Hiael of ba Utsh Pow Vertisnten Bug 1oy, 710 1064 14 1014 4101 12 102% 8 101 17 102% 110215 10 102% 20 100% 42 99y 9 104 2 104 165 934 30 104% 5107w 5 107% 100% 100 107 101% 1107 1100 993, a7 101 105 103t 10314 104% 110 9914 1001, 10214 100% 102% 9914 104 ml 107% 107 “ 109% R 90t 100% 105% 114 15 1074 12 106% 34 9314 1 106% 110 106 931 106% 4 108 48 984 5 105% 5 1027 10 102 1 51 10114 10518 101 104% 104 12% 100 T9% 91% 118 105% 98% MISCELLANEOUS. 1058 1027 102 108 99% 105% 10567 108% 100% 92 % 1051 100% 10814 3 111% 110% 121 91% 0% 102% 100 108% 111% 5 1010 103% 105 106% 269 29% Th% 106% 104% A4 2% 10674 4 101% 1004 1000 1014 10114 (1] 106 174 102% 1084 0% 102% 104% 1087 100% 9% e 10 Y% 93t [ 49 10y 94 079 101 Witk 1061 1045 100y 10 ity 21w b1y 410 HEW 104 108% AR 98 108 1181 1014 104 4 Y74 10014 1024 10004 106 101 102 24 10229 10014 100 14 102 18 103 21 11016 110 16 11616 11516 1004 100 10014 100% 107 1017% 11t 110t 994, o7ty 1004 1081 107% 116% 1087 99 107% 98 ]flfi " 1023 101 102 102 102% 100% 994 104 104 9314 104% 100% 1084 111% 1014 103% 105 106% 270 103% 9hla 100 TAM 106% 1044 90 92% 106% 101% (10 101 108% B 04 104 118 1011y 104 91t 971 10014 1023 1050 106% 10 4 10194 10414 104% 108'% 17% 106 108% 105 101% 1011 K% 105 7% 2% LY 0% 1020 104% 108% 1065, ity e itk 106% 108 104% 104% 108 117% 106 106% 106 1011 1014 Wit 106 1% 102% 108% 110% 1020 1044 10414 1067w 9%, i1y 1050, W% N 101% 1t 105 i 107 1075 ite i 10R, 10214 1004 [ 107ty Wi 10t Witk i, [0 1 11 1 I Wity it'y 10 10 1041 100y | ~ew York BOINDS srock EXCIIANGEI Received by Private Wire Direct to The Star ‘Offica ~—Final Quotations in 5:30 Edition, Sales. High, Low. 5 107 107 3 104% 104 3106 104% 2 102% 102% wnnonlColul 68, 2 103% 102% Yngstn S&T 6s wad. 30 100% 100% RAILROAD. Atchlson adj 4s.... 93% Atchison gen 4 974 AtlantieC L 1st 4s 98 9614 Warner Sug 7s 41. % 97y 98 96% 1001, 104% 1087 103% 111% 964 BEY 96% 3 50 Ortimp 6s. I3 & O PLEWY 4 3 & O Toledo 4 Brooklyn Elec 6148 Bklyn Manhat fs. . 2 Buff R & Pitt 4%, 9 Can Nat 4148 67. 1004 Can Nor 4135 1935, lmll ad North 6%s. 2: nad Pac deb 4s.. Can Pac 4148 48. Car Clinch & O 5s. Cht B&Q gen 48 63. CB& Q-1 3%s... Central Pacific 4s.. Chesa Corp bs wi Ches & Ocv 4t4s Ches & O gD 4%4s.. Chi & Alton 3s....,. Chi & Alton 3% Ch& 111 gn 63 61.. Chi Gt West uie EStP 5s (new). CM&StP adj (new) 2 Chi NW 4% 2037, Chi & NW ref bs... 90 100 105 9% 100t 105 97'% 900 96 6 997, 99ty 100% % 1004 ChiR1&Prfd4s,. CRI1Pac4lswi, Chi'T H ne 6s 60 ChlTH&SE b8 Chi Un Sta 4%s. Chi Union Sta 55 44 Chi Union Sta 6% Cuba Nor 6% scts. D& Hud ev 58 35 Del & Hud 5%s. Del & Hud 78 30... Den & Ri0 G cn 4 Den&RioG 4%s 36, D Rio G West 58 Erte 1st cons ¢s. Eriogends.... Erie cvt 53 67 wi Erie & Jersey 65... Fla EC 6314 Gr Trunk stdb Gt Nor 4%876 D. Grt Northn 418 Great North bs Great North 6%8.. Great Nor gen 7s.. Hav El Ry 6%8561. 2 Hud & Man ref bs. Hud & Man a) 58 111 Cent Chi 4% 8 1iCent 4 int Rapld Int Rap Tr 55 stud. 3 int Rapld Tran 6 Int Rap Tran 7, Int & G Nor ad Int & G Nor 1st Int Ry C A 6%s ret Towa Cent 1st b Kansas City 8 2 Kansas City S 5. n City Term 4s. Lake-Shore 45 28., Liake Shore 4a31 Ly Loux:&\uh un! Man Ry 15t 90. Market St /s 40. Mil £l Ry & L 68 61 \l\ll’&SSMblHuld 102% 1004 MK & T adj bs. o Pucifio ken Mo Pac 53 A 65 o Pao 58 F 17 NYC&StLEsA. N ¥ Cent deb ¢s... NYChi&StL 61 8A NYChi&StL 6%8B. NY H Havé&H oit 61 NY NH&H cv db 6s N Y Ont W 1st 4s.. NY O&W g [ NY Rys6s65..... N YW & Bos 4}s. Nor & S gen 68 b Norfolk & W cn 48. Nor Pac 33 2047, Northern Pac 4 Northern Pacr | 68 Northern Puac 68 D, Ore Short L rf 105% YK 1074 107% 1054 Ore 8hort Lien l-l.. Pennsyl gen 4}4s. . Pennsyl bs Pennsyl 6%s Pennsyl gola 7 Pere Marg 1st b Peorin & Einc ds, . Port R L & P 65 42, Reading gen 4%4s.. Reading J C R1Ark & L ogs Rio G Westcl4s... St L IM&S R&G StL&SFpl E\Lhfil"m‘lubl. BLL&SFO%aD.. StL&S Fady HtL &S ¥ ino 6 BtL &S K prin6s . StL S W con 4m 32, SUP & KCSh1L 448 Sun A & Arn P es., Souboard AL 48 KON Heab A L re Git'n Honb A L ad) o 62 Seab A L con 6a. K SI5AN Kl 6535 A, S1 AN Fla s 35 13, Sou a0 an 29, . Sou Pacifio cit 4s Hou Pagitio ref Hou Ity Ken 4u, Hou Iy Con bs 94 Hou Iy 6y 66. . Southern Ity 644 Tex & Pao b3 77 1 Third Ave ref 4s 60 Third Ave 15t bn, Union Pac 1at 48 Unlon Pao ist rf Un PPao 4148 67 UntonPac 18t ref 5 Union 1’0 v 6 Virginia Ry ) Wahash 6876 13, West Marylana 4s, Wentern Ma blgm, , Waestern Pacifo b Wheel & L I3 on 4a, Win Con kn dn ¢ 110% 104 6 106 1us 106% D b 5 91 80 1004 08 w7 3% 1hibm 1195 126t 1035 6% 1001y w8 i 1004 121y 100w [N 103% K5 101% 1004 01 B 100% oK 01 10014 2 112ty 100% 1088 1045 LN 101% 2 1004 03 LN 100% Rt 101% 1004 01 B PIPE LINE TRAFFIC. NEW YORK, Muarch 12 (4%, Deliv- erios by 11 pipe lines of the Standurd OIL group I February amounted to 18,740,104 barrels, brrels from January. Runs from wells, exclusive of Pratrie Pipe Line Co, were 1,842,653 barrels, Dally average of de- liverten - February was 473,960 bar- vels, against 470,764 in January. SILVER QUOTATIONS, NEW YORK, March 12 (A) shiver, b7%; Mextoan dollars, 44, WRIGLEY EARNINGS UP, NEW YOI, March 12 (9 Willlam Wilgley Jr Co. enrned 8642 a share in 1027, agalnat $6.06 o share In 1046, CENTRAL ALLOY BTEEL NEW YORK Muuh 12 () —~Oentral Alloy Bteel earr 1.08 & aliare In 1037 “gainat 92,02 o the year belore, Bar COTTON PRICE STEADY ON WEEVIL REPORTS .| Decline on Easy Cables Offset by News of Infestation of Pest at Texas Points. By the Associated Press. NEW YORK, March 12.—The cotton market opened steady today at an ad- vance of 1 to 4 points, sold off slightly under offerings probably influenced by relatively easy Liverpool cables, then steadied on reports of dry weather In west Texas and Washington advices in- dicating a large survival of boll weevil at_some Texas points. May contracts sold up to 18.60 and October to 18.19, or about 2 to 6 points net higher, The market was quiet but steady at the end of the first hour. Private cables reported steady mar- ket in Liverpool and that demand for cotton cloths was well sustained with manufacturers and spinners well en- gaged. The forenocon market remained very quiet. Some bullish comment in the international cotton statistics showing a decrease of 189,000 bales in the world’s cotton mill stocks of American cotton for the first half of the season and the absence of rain in West Texas failed to inspire much buying. Prices at midday were holding around 1857 for May, and 1816 for October or about 3 points higher to 1 point lower, as compared with Saturday's close. WHEAT GOES HIGHER ON LIVERPOOL NEWS Bullish Domestic Crop Reports Are|| Also Factors—Corn Develops Strength—Oats Easy. By the Associated Press, CHICAGO, March 12 —Unexpected higher quotatfons for wheat at Liver- pool and bullish domestic crop reports led to price upturns early today in the wheat market here, Corn also developed strength, influenced by adverse weather for corn movement. Opening at % cent a decrense of #54,480 || to % cent advance, Chicago wheat later held near to the initial range. Corn started 's cent off to % cent up and subsequently hardened all around. Oats were easy. Provisions tended upward. CHICAGO LIVE S:I‘OCK MARKET CHICAGO, March 12 (# (United States Department of Agriculture).— Hogs—Receipts, 63,000 head: market active 10 to 15 cents higher than Sat- urday's average: all interesting buying spots on light lights and pigs 25¢ high- er; top, 8.55; paid for choice 180 to 210 pound weights; bulk better grade, 170 to 220 pound averages, 8.35 to 8.50; desirable 230 to 270 pound weights largely 8.20 to 8.40; good in choice 280 to 340 pound butchers, 8.00 to 8.25; pigs largely 6.25 to 7.25; bulk packing sows, 6.85 to 7.35. Cattle—Receipts, 16,000 head: ma- ture steers, 15 to 25c lower; slow at decline; bids off moreon weighty offer- ings; kinds scaling 1300 unds up- ward, light yearlings fully steady; stockers and feeders slronz to 25¢ high- er, big packers going slow, bidding 75 to 100 lower on vealers: few early sales at 12.00 to 12.50 on light offerings. Sheep—Receipts, 19,000 head; lambs with finish 80-pound down: active to outsiders; strong to 25c¢ higher; shipper demand fairly broad for kinds packers bidding steady; good to choice handy- weights to outsiders, 16.25 to 16.50; bulk 90 to 96 pound wooled lambs, 15.75 to 16.00: choice 89-pound clipped lambs, 1375. good 79-pound Fall clipped, 14.40; light supply of sheep on feeding and shearing lambs strong; good fee lng lnmbs 14.25 to 14.75. Washington Stock Exchange Sales. Wash. R. & E. pfd.—T7 at 104. Amers Sec. & Tr. Co—5 at 450. Chevy Chase Dairy pfd.—12 at 10615, Merch. Tfr. & Stge. com.—10 at 130 10 at 130, 10 at 130. Mergenthaler Lin.—20 at 10315, Peoples Drug Str. pfd.—10 at m. 5 at 415, After Call. Capital Traction Co.—10 at 111, 10 at 1107, 6 at 111 nggn National Bank—10 at 505, 10 at Unlisted Department. Chapin Sacks 8% ptd.—10 at 10415, Money—Call loans, 5% and 6%. Bid and Asked Prices. BONDS. PUBLIC UTILITY, wen, tia ! Mlmllm\ml'q ne 6 Wark ot s 3004 STOCKS. 'ALIO UTIL iod | W Ry, & Eled eo Warl Rwy. & Kk ofd iodds | Nationat Columbin el A Lverty Frsiiiar Wik of Wais TRUST CC ais LR (L0 1o Merchanta: fan & st "Ll [t t . Wsningran & st SAVINGS BANK lank of Tefhosly g Boo PITLE INSURANCE hia Wiyl Co ot M. Title pid MISCELL 1 | I i Natl ¢ } v o M h el Waeh oo MONDAY, MARCH 12, 1928. FINANCIATL. BIG CEMENT MERGER IS NEAR COMPLETION Pennsylvania - Dixie - North Amer- ican Union Believed Forerunner of Larger Transaction. By the Associated Press. NEW YORK, March 12.—A merger of Pennsylvania-Dixie Cement Corpora- tion and North American Cement Cor- poration was reportied in Wall Street today to be near completion, announce- ment of the terms being expected in a week. ‘The pending consolidation, is believed in cement circles, it is said, to be a forerunner of a larger unit embracing International Cement Corporation. This would give the consolidation plants in Argentina, Uruguay and Cuba, thereby creating a concern that would have output of favorable comparison with such companies as Lehigh. Uni- versal, Atlas and Alpha. Pennsylvania-Dixic Cement owns seven plants with an agregate annual production of 10,000,000 barrels of Ivania, We Will Purchase Walker Hotel Corp. 8%, Bonds International Finance Units Nat'l Mort. & Invest., Pfd. INTERNATIONAL BANK, BOND DEPT. 807 15th St. Main 864 MORTGAGE LOANS AN Secured by real estate in Md. and Va. tegest and Commission INGTON Blig., 1317 F St. N.W. 700 and- 5612 1 WILL SELL 400 Units Real Estate Mortgage and Guaranty @ 10, 100 Units AMOUNT . C., nearby Presatling 505 Amerl 100 Wardman R. E. Inv. 8 ¢, Pfd. M 48. 140 F. H. Smith 71407 pf. @ 84. 3 Units International ¥ b 60, 20 Trust Co. Northern . G 95, zo’Conunenlnl-Amrhan Finance @ 9! 21 Nat. Mort. & Inv. Com. New Bid. 10 Virginia Plate Glass. THOMAS L. HUME 1412 G Street Main 1346 Over a Third of a Century’s Tenants— and Keeping Them Profits from property de- pend not only on having good tenants, but on keep- i . dnm . well. Getting ter of real m- Imwlcd.-. Keeping them is the result of giving efficient, courteous Our Property Management attention functions to your advantage with respect to both. X B. F: SAUL CO. New York, Tennessee lnd Georgia. An appraisal of the properties, excluding working capital, put the value at !M- 1762,000. Capital stock consists of $20,- 000,000 preferred, $100 par and 1,000,- 000 shares of common. North American Cement, Albany, Y., owns plants at Hagerstown, Md.; Berkeley, W. Va., and Catskill, N. Y. Annual production exceeds 4,000,000 barrels. Capital stock consists of $10, 000,000 preferred and 350,000 shares! of common. OEDEBB ABE HEAVY. NEW YORK, March 12 (#).—Orders received by Dochler Die Casting Co. for the first quarter this year are thr highest ever recorded, President H. N.|Doehler reports. Shipments also I‘er’ greater than ever before. The company earned $1.97 a share on the common, 1927, after preferred dividends, with net profit of $389.577. Sales and profits for 1927 were affected by a drop in busi- 'ness in the third and fourth quarters. APPEAL TO YOU. BO 1417 K St Loans on Real Estate 3,5 or 10 Years WE BELIEVE OUR ECONOMICA! PLAN OF MAKING LOANS WiLL Residences, Apartments and Business Prop- mlu ln the District, and nearby Montgomery S_nPH eHOMEOFHo..,LPS Founded 1907 AN CORRESPONDEN J0ny mANCOCR METCAL LiPY INSCR. E CE. co. Main 9300 Concerning Polyps OLYPS are like tiny mollusks. They have no bones in their bodies. Instead they have a hard live in small areas When they die the ing just a little at a hands, and that is savers invest their tune grow with the intact. 6% as you save. Main 2100 925 15th St. outside shell. Millions of them in the South Sea. shells drift down to the bottom of the sea to form piles of rock-like matter—reefs and atolls. The manner in which reefs and atolls are built up is similar to the way in which most fortunes are accumulated—by add- time. But one must be sure that the little will be in safe the reason so many surplus earnings in the First Mortgage Notes offered by Swartzell, Rheem & Hensey Company. Thus, they are able to watch their for- assurance that what they have already laid aside will remain Let us show you how quickly your for * tune will grow when your savings earn Swartzell, RbeanSHenseyCo. 727:15th. Sbeetfm 58 Years Without Loss to dn Investor T EQUITABLE TRUST COMPANY OF NEW YORK Condition at the Close of Business, March 2, 1928 Cash on Hand and in Banks (including Foreign Offices) ASSETS Exchanges for Clearing House Due from Foreign Bonds and Mortgages . Public Securities . Demand Loans Time Loans . Bills Discounted Real Estate . . Due from Foreign Capital . Deposits . Notes Payable . Other Stocks and Bonds Banks . . O e o o o o o Customers’ Liability on Acceptances (Less Anticipations) . LR IS Ofliccs ey . e Accrued Interest Receivable and Other Assen LIABILITIES Surplus and Und wded Pi-ofits o Acceptances (Less in Portfolio) v Accrued Interest [’n—able. Rcaene and Other Liabilitie $ 45,691,676.51 32,984,304.96 10,840,827.72 9,887,224.00 40,354,302.98 23,166,618.31 84,027,655.17 86,933,579.84 134,573,087.84 45,855,825.63 14,656,299.58 88,763.07 $ 531,907,821.79 $ 30,000,000.00 25,574,148.37 407,346,304.94 48,277,669.88 11,283,950.00 5,748.60 $ 531,907,821.79 HOME OFFICE: 11 Broad Street, New York Foreign Offices LONDON: 10 Moorgate, E. C. 2; Bush House, Aldwych, W.C. 2 PARIS: 23 Rue delaPaix MEXICO CITY: Calle Condesa No. 3 o it i : H L I:mu" l-m i ; A um.u |v u i nn mrn [ won u.“' #il w.;.-‘z-f.‘!" o b il