Evening Star Newspaper, March 13, 1928, Page 13

FIN Unlisted Stocks & Bonds SMITH HENDERSON &CO. 414 Southern Bids Charter Na_10504 Reserve Dist REPORT OF LONDITION Franklin Nahonal Bank At Washington, D. C . ness on Pebru RESOURCE: 1. aLoans and_ discoun Cluding rediscoun cpplances of other and_forein bill Shanke e dratle el w nQ ‘ndorsement of thie fanks e > $3.302.006.12 seciined, S48 Wi e o averment saeu 3.000.00 D.XG6.10 | 3.5 S nNtures. With' Fed- due tiv gt e irom Sate o mes in the Umited % tother than . » and gor” clearing * other Hanks i or town as re bk rower portg b N s ceitameo Trom €3 re Total - LIABILITIES. Caital gtok pad in Surplus ‘tund 5 i ued . Reserved lur |uu wier- 265 00 o rese. ,parable” within In Foniad deposits. anbieet heck 580 | ot s4ta00 | ‘ THOM S P HICKN enamed tank. do solemnly a1 above statrment s True ta the hest 't my knawiedee and holiet THOM st sont BT e [V WILLTAN 4 SAENGER Notary Puhie Corret—Attrs JOHN B_COCH] HEXRY ToTr RO L3 nmrk 3 0H § REPORT 0F CONDITION National Savmgs & Trust| Companv At I5th Street and W shineton. 1) on Fehruary 28 New York Avenue the close of husiness i rediscaunts, an eentances of fther hanks and foreizn bille of “exchange or drafis indorsement wocks' “w owned 1364, and o . Tniture 06 420 54 659317 94 nanke trust comoanies in Tmited ~ States iof nan included in 30 2,01 938 94 19065 | @4 Other Tor annets VBTN AR LIARILITIEN o o 81 000 400 (0 e ob 2 000 900 00 726040 6 i LEL LA 40000 06 LECTRTY o h ") IMV»VV » % \:.xuu'u " the hes oy “me b 5 CAMER iniary 1l en Ainil 6 10 " liest Piew oty 64t busiion at the close of bust | ¥ 3N, 1928 . | voints whon 1t changed hands at $1.73. ANCIAL CURB STOCKS SAG ON PROFIT-TAKING Price Ranges Narrow—Fire- stone Tire Breaks—Motors Lose Buoyancy. BY WILLIAM F. HEFFERNAN, Special Dispat:h to The Star NEW YORK, March 13.—Spectacular syrations in a few individual stocks | m the big board failed to have the sym- pathetic influence they did vesterday upon the industrial specialtics in the Curb Market. The list whole was subjected to more or less profit-taking, which had its reflection in lower prices. | But even in the high-priced issues sub- ject to rapid fluctuations, the price )i Tange Was narrow. Firestone Tire was an_exception in this respect, however, breaking five The motor lost a good deal of the bu ancy characteristic of yesterday's s: sion and were either neglected or left to drift for themsalves, Campbell Wyant & Canon Foundry, wiich has shared in the General Mo- tors improvement recently because of its affiliations with that company. broke more than a point when reali: &g sales made their appearance, but selung was ovderly, and the price later recovered part of the lost ground. As a rule, losses were confined within a point of previous final quotations and were the resuit of a desire o lighten up accounts because of the uncertam staie of affairs exisung i the market. There were no developments in the overnight news to influence speculadve sentiment. 1t was a market dominated | by the professional clement, which had { been chiefly concerned with technical gonditions rignt a‘ong. Utilities moved irtegularly, with Elec- irjc Bond & Share down a point and United Gas & Improvement in scant | supply around the 118 level. Wall Street Briefs STEEL PRODUCTION.—Stecl pro- duction in the Mahoning Valley is show: ing its best sctivity i the Jast 1 months, moving toward per cent of capacity. Forty-seven of independ- ent open hearths are melting. while 114 sheet mills are scheduled. Bes- semer steel output is at 75 per cent. Plate and merchant steel bar produc- tion is heavier. PATINO MINES.—Patino Mines & Enterprises Consolidated, Inc.. reports net profit of $4.800,071 for 1927, against $4,286,085 in 1926. Profit from its mines. bafore charging depreciation, was_$6. 974,685. Bolivian income tax was $562,- 1660. Sales of tin were $9,227.372 BEACON OIL CO.—Beacon Oil earr- ed 18 cents a share on the common in 1927, after preferred dividends, against $1.46 a share in 1926. Balance avail- able for the common stock was $164.- | 331, against $1,030,163 the year before. | AMERICAN TEL. & TEL.—January | operating income of American Tele- phone & Telegraph Co. declined (o ¢53 139.661 from $3,491,477 in January {last year. QGross revenues were $7.784.- | 038, ageinst $7.973,041. WESTERN UNION TELEGRAPH. .- | Th2 Western Union Telegraph Co. had | operating income of $750.358 for Jaa- uary, against $868.075 in January, 1927 and gross revenues of $10,260,948. ! against $10,423,! m wmm»quxm.an CO.—Stock- holders of Warner-Quinlan Co. will vote March 23 on a proposed increase ! in zuthorized preferred to 25,000 shares, $100 par, from 15.000 shares. The ad-| | ditional preferred will be offerea to/ | common stockholders at par, one share | for every 2¢ of common h-ld and‘ | 40,063 shares of common share, one share for every nx mld ONEIDA COUNTY CREAMERIES. | —Broyn Bros. & Co. have acquired | | Oneida County Creameries, operating 1100 stores im northern New York, for| | about $1.000.000. Its annual gross | | business is $4,000,060. Ownership ul- timately will be consolidated with that of Jones Bros. Tea Co. the preferred stock of which recently was acquired | by a syndicate organized by Brown 'Bnn & Co. Capital readjustment of | Jones Tea is being worked out. { LEHIGH VALLEY RMLROAD—, Pebruary gross revenues and net oper-| | ating income of the Lehigh Valley | Railroad were below February last year, due not only to a decline in traffic, but | to & continued program of improve- | ments which have included many | charges to operating expenses, E. E.| Loomis, president, reports. The road, will not be burdened with these charges | in March and the showing is expected | 10 be better. Anthracite traffic has fallen below last year as well as bi-| | tuminous. Automoblle shipments are | e and good traffic in building ma- | | terlal iz looked for CURTISS AEROPLANE.—A revised lnwmv account and balance sheet is ! shown in the pamphlet report of Cur- | | tiss Aeroplane & Motor Co. Inc. for 1927, Net profit was $794,148, equal to $9.53 a share on the preferred and | $2.53 a share on the common. This | compares with $413316 in 1926, or| 13797 on the preferred and 97 cents a share on the common, | | | BAN ANTONIO PUHX IC BERVICE. | —To pay in part for the aequisition of | the Comal Power Co. and of the South | Texas Public 5 ,1" Co., the San An- Berv has sold an | 0}4)000 40-year 5 per cent refunding gold ublie oftering will be made | uwr this week { { i TREASURY CERTIFICATES. [ Recorted by 3 & W seligmn & Co) | | 5 100 i s I 40042 100 10 3047 100 Tuimes inoica MONTULY MiGH ANG n,o- 0 . adu s w PRICE OF OL ROICATED in (YL [ SeLIT e | HARE ANALYSIS, Wit Is Back of Karh Share Juyne a0 V9T . Key ehare i hl;u Hroee masele 3010 ies 250 1515 i Deiann ) 0 | Wane'ss s ond Ao Patenia and aumd wi o and aund will AR sanets tor commn signg n oo 4h ot K Ciuge annial 4101k 1027 | R TEE T . o A 10 Vit Pt THE EVENING STAR. WASHI NGTON, D. C. TUESDAY, M NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is the list of stocks and bonds traded in on the New York Curb Market today: Sales in INDUSTRIALS. e Hich, Premier Gold M. Shattuel L. 1Y S 118 1:40, e B i \|l|m han 7ol o0! [ETEsH ™ P T b TAm Rason Frod. arne deh 1ls Wi ustian Rlessing el ol Wi 0" G 19 STANDARD 0I5 158ubS AND vnu ts. IDTART i 1000 Anglo Am 0F l 1100 An-Am- 0 non vt B shew 1581 1 Lahas ) rockw Mot kiyn Cuy R }:u Nin 1S A e ullard M- ool um uun’qu- ol & n Wiya. 1Dt Intl ia SRy .‘.u P i fuf; . ) n Cement mur Co irearine. U 4 farmen Mot Dre Ao A McKees Tin Plate " Menwer Bax ) Al 80l Fead' . AN 1 »..mw Pack Car Po Ba 05 o P, o107 Cal B e T80 1t wl B W aioa Zarerrrres 6 Weal Ch Salew i thouvands. FORLIGN BONDSY « & W e A 4l Kol e 10 by A My 10 Merhe Gn lnm..‘{uu Y n\qu Wa 18 Wie Whast (i Wasduorth T, i e l! Am e i1 &, (50 MINING STOCKS Aulurs 1 MIDLAND STEEL PRODUCTS. NEW YORK, March 13 () . Mid- land Hteel products declared the usual extia dividends of 81 & share on (he preferved and 48 cents on the common, N additlon to the regular qu oy to Dkl i Bispimok Lhia ur butw 1., dividenda of 82 on the prefey l on the mmmnn all ]ll ahle Apill l nlders of reeord h nuluu and omml | l'u-mmml ha | e AN Cier nene WHEAT HAS UPTURN | IN TODAY’S DEALINGS Active Buying by Leading Com- mission Houses Has Bullish Effect on Market. By tha Associated Press, CHICAGO, March 13.—Wheat, scored early upturns in price today, helped by active purchasing on the part of the leading commission houses. Bullish re- ports concerning the Winter wheat crop iIn parts of Kansas and Nebraska were current. Opening at 'ze to 5zc ad- vance, wheat. later showed some ad- ditional gain. Corn, oats and provi- slons were also firmer, corn starting s to 35 up and subsequently hardening a little more, DISTINCTION IS DRAWN BETWEEN BRIBE AND TIP Remuneration to Official Legal If| Given “Friendly Spirit,” Reich- stag Body Holds. Correspondence of the Associated Press, BERLIN.—A discussion on the subtle difference between a State official ac- cepting a nice open handed tip and his succumbing to an mempmr bribery, | taxed the acumen of the members of the Reichstag committee draughting a new German penal code. In section 7, paragraph 123, dealing with the violation, usurpation and cor- ruption of official duties, the committee |had the greatest difficulty in agreeing on the momentous question as to jus where bribery began. It was finally de cided that pessing a tip to an ofcial was not to be considered rl‘pl’f'hr‘n!lbl?l for either party if the act was merely | inepired by the giver's kindness of heart | or a spirit of good fellowship and ac- | cepted in that sense. but that it be-| came bribery if given and accepted for the performance of an official duty. | Likewise agreed upon was mrngnph‘ 124, dealing inversely with the omission of an officlal duty in exchange for a| remuneration of any kind, for which 1; maximum penalty of five years peniten- | tiary for the receiver of the tip was' provided and varying jail sentences for the giver. Armless Girl a Painter. ' Born without arms, Miss Mary Sulli- | van, aged 20, painted a bookmark which | she has just presented to the Bishop | of Nottingham, England. She holds| her paint brush between her toes. She writes letters by holding a pen between her teeth. ONDITION | TATEMENT OF THE, of the United States Casualty Co. of N. Y. On Me S16t dav of Daceniber. under the District of Colunihi June a0 190 an 1o Coe. Canital stock £1.000.000.00 | Cavinal stock. aidt (0. in vash 1000.000°00 ASSETS “ash e office £20 508 001 RN “hrst AB7.860 00 8.670.316.00 " imarket altebicd” and” in i3 .-...M o Total assets LIABILITIES. Net unpaid elain encrva us reauir inw Estimated expenses of inyeail gation and adivstment of Jinpaid laim Shigais [ a0 0n Canital st 00 00 Al otber 3 Patimated p o the' 0.075.005.00 famrenan 1 " Huring 'nm vear A Vico Presudent and’ General \hnuu D ST €. MOORHEAT v Subscribed and aworn to befare mie (I 15th dav of Fehrumv. 103 W R & Lommissinner of umbia in New York a Nowars Py e District of C. G Rngcrs & Son Gen. Agts. Main 3335 ll Bank Bl(lg. District | IR i 3 and August 18 1% a; SE4TT01481 (5T ARCH 13 1998, Cu-fjm‘odily News PITTSBURGH, Pa., March 13 (Spe. clal) . —Steel 1abbers in this district lu looking anxiously forward to the Spring trade. March has been better than Pebruary, but warchouse operators stili are far from satisfied. Prices are gen- erally firm, however. ATLANTA.—Natural gas lines from Louisiana and Mlululpm will be oper- ating through Alabama to Atlanta with- in 12 months, according to announce- ment by the Georgia Public Service Commission. DETROIT.—Exports of Dodge Bros'. cars and Graham Bros'. trucks in the last month were 3,801 units, com- pared with 3.013 for the corresponding period of 1027. EAST LIVERPOOL, Ohio.—Pottery plants, which have been working at 75 per cent of capacity, report that orders for ivory and decorated ware have in- creased, Orders which will bring oper- ations to the high point of the year were placed in the last week. FERNVILLF, Mich.—Heavy losses were sustained by the peppermint grow- ers of southwestern Michigan on their 1927 crop. The price of oil has dropped from $8 to §2 a pound, with little de- mand. Two years ago the ofl brought $30 a pound. _ One-Way Metal Produced. What is considered of vital impor- tance to radio and X-ray work as well as electrical engineering in general is a new kind of metal that has been dis covered in Europe. It will allow elece tric current to pass through it in only one direction. Mine to Employ 3,000. | After five years of preparation the | uml mine of Lord Londonderry, at Sca- | am Harbor, Scotland, is expected to soon start operations with 3.000 em- ployes. The mine, which is costing ap- pruxlmimy $5.000,000, is expecied to produce 1,000,000 tons of coal a year, In celebration of having reached pit bottom at 2,000 feet the workers were vx\unnmed recent] b A ———— REPORT OF CONDITION O the Northeast Savings Bank At Wash February L8, EEEEE::—ZEEEEE fis, 1...\nnmen| ey b AL Gther - United States Government securities {including - premiums. 1t wny ) 1.713.03 674,040 00 i 160000 Uce, ele.. oW 6. Bankiiig Bouse. nxtures, miture and Q00 120,000.00 137.748.20 17.540.0° 11 Other assets . Potat) .k, $100.000 1 stock paid o 10,000, o favabie within 30 0y Individual “devosits. subseet n chedk ' Otiver’ denianid iteiosiie Total of” demand e s epowits yubiiect payable after i Tot Washington. 1 W namied ke that “ihe | oest of my | R LEWIS, €ashier. | ind, awam 4 tefore m"ml'i €. D. RATCLIFFE otary Publie, T )\l‘ N+ELD, Directars. knowledge and velist W Su Corroet—Attest L. STEU a8 g £ l- LR HA A o REPORT L)'? |Ame Februa: ry REHOU 1. aLoans and discounts, including other banks and foreign bills of indorsement of this bank. . Overdrafts, secured, $177.85; . U. 8. Government securities owned: X premiums) . Other honds, stocks, securities, etc. o outstandin . Banking houses, $1.400,116 80; furni Cash In vault and ount due from the United States (other than incl changes for clearfng house. .. otal of ftems 10, 11 and 12 E aerve B porting bank ..... b Miscellancous cash items. k) located outside of city . Other assets...... ver Total . Capital stock paid in. 20, Burplus fund .. a Undivided profit b Reserved for clerks' ponsion fund ¢ Reserved for eontingencles. ., d Less current expenses pald Renerved for tanes, Intevest, ete., 25, Amount due @ natoinal han W Amount due to State banks, banke the United States, ., ufed checkn outxtandig L Treasurer's checks uuhlmulruu 5 lllvld«'m' hecks outstanding “Total of ftems 28, 26, 47, 28 and 20, Demand deposita (other than bank ¢ deponita payable within 30 days) Individual deposits subject ta check Certificates of deposit d\lv‘ in lru v for money borvowed),, ..., 34, Other demand depoits Total of demand deposits (o \or Dosita) subject Lo reperve, ttoms 0. Time dey neer . C Savings deposita (neludin tme ce than for money borrowed) 4n s Acceptances executed by other banks Liabilities other than those above Distriot ..l v, I, OHARLES B HOWE, treasurer awear |hul the above statement s true t Hu\mulml and sworn to batore me (Hen WM (wml Attest OCOROORAN THOM, OHARLES A HPALDING, GEOROKE W. RROWN, W A CORNY, HARRY K. ROSS, HOWARD 8. REEAIDE, "flWAl“' MORAN, GILAERT W lififllVl}NO". WILKINS, ‘CONDXTION ican Security and Trust (,ompany At Washington, in the District of Columbia. at the clese of business on i rediscounts, e lu\wvured $1,396.96. b All other United States Government . & Customers’ lability account of acceptances d bank and by other banks for account of this bank and now Real estate owned other than banking house. . . . & Checks and drafts on banks (includi than bank de 28, 1028, RCES, seceptances of | change or dialts mln with | $19,307.082.57 | 187450 securities (including ceee 363910918 owned. . 7.335,948.13 1.672.903.87 88,114.10 | 2,351,879, m | 1.890.434. SQ 428,684.90 ure and flxlulM national ban . Amount due from State banks, bankers, and trust companies in nded in item 10, $4.570,608.52 al Re- or town of re- v $3.400.000.00 + 3.400,000.00 N!l.fll‘l 19 A6.T47 A8 - 431851 220.061.74 RITRPAKIY 205,131 48 41,081 60 67,547 88 281800 ued. ., e, and st nnupuu | | $950.689 87 lrpu\lln ,umm Lo reserve ! 14607730 14 | 8,100 00 1,407,663, 68 han 40 days other' ||\\nl 31 ound 34, 8160110304 82 it subject (o vesorve (payable aftor 30 days, or sub- 't to 30 daya’ or more notioe, and postal savings) rifcates of deposit other Total of time deposits aubject Lo roserve, tem 33, 813,405,004 80 for aocount of (his bank. . ated. of the above-named bank 0 lln- beat of my knowledy JHARLES E HOWE, ||I|I Dl day of Maroh, 1098, H DORSEY, Notary Publie, D. O ¢ J RELL, WM. J. FLATHER, v UL, AIIB.NOIHI‘ NOIMIN 1 AM ;DIILH“ HERRMANN, | o A A!l‘lNWM.I NEWROLD NOY! WILLIAM W, BVERKIT Dlvectors. FINANCIAL. o] ——— o] ——= o] e——n| e Edward S. Brashears General Agent 1100 Barr Building STATEMENT OF THE CONDITION OF THE Union Central Life Insurance Company of Cincinnati, Ohio On the 31st day of December, 1927, as required under the Diztrict of Columbla Code, amended June 9, 1992, and August 18, 1911 Capital stock £2.500.000.00 Capital stock paid up, incash. 2,500,000.00 Cash in office. Cash in hank Real estate Real estate Bonds (market val - Premiums uncollected and deferred. Interest due and accrued . Policy loans . . All other assets. $10,303 50 2.099.238.37 14/ BFZ éfl‘) 43 Total assets Net unpaid claims.. Reserve as required by law Reinsurance premiums .. Salaries, rents. expenses, iaxes, Commissions, brokerage, etc,. Cash dividends remaining unpaid. Capital stock . All other labilifies Surplus derived from non-participating pol Surplus derived from participating m‘ cies.. Total labilities . 64.00 183,643.21 328 ,311.22 Character of business transacted d Amount of risk assumed during the Losses sustained during the year 192 Mboney received during the year Expended during the year 1 EORGF 1 R. FREDERICK RUST, Secretary. "yfiul;‘l‘.rlbed and sworn to before me this 13th day of Frob- (8eal.) ear 1927 Life $195.015.848.00 11,228.120.00 63,350,024.51 42043957.43 WILLIAMS, Vice President. ng the ar 1927. CHARLES A. HAFNER. Notary Public in and for Hamilton County, Ohio. My commission expires November 15, 1930. e e R~ A Guide to Safety and Liberal Income B B BB for men and women who save and invest 1IS new, illustrated booklet surveys the ad- E T vantages of \Vashington as a field of first mortgage investment and gives full details of Guaranty First Mortgage: Securities. which are available in $1,000, $300 and S230 denominations, and in one to ten year maturiti [t explains one by one the economic factors and conservative safeguards which so insure the safetv of Guaranty Securities that this kmp«\. tion feels fully uuuhml in placing its own mpxn resources of more than $3400000 at stake in an unequivocal guarantee of full payment of principal and interest Cal! or write for a copy of this booklet today REAL ESTATE MORTGAGE & GUARANTY CORPORATION 20 JACKSON PLACE PSSR R Now—new distinctive lines, sweepingly simple lines, that some other car may Its ;h—e ]RE O 199; " FLYING ( C}LOU]D i ExpenencedAdvertu.sers Prefer The Star v