Evening Star Newspaper, March 14, 1928, Page 14

FINANCIAL.S THE EVENING STAR, WASHINGTON, D. €., WEDNESDAY, MARCTL 14, 1928, FINANCIATL.” STATEMENT OF THE CONDITION OF THE International Life Insurance Company of St. Louis, | Missouri, ; On tha S1at dae of December. 10° re quired under the District of Columbia Code, anrended June 30. 1902 and August 18 1911 ISTORE CHAIN PLANS WASHINGTON UNITS Abitibl Power. .. NEW YORK STOCK EXCHANGE ed by Private Wire Direct to The Star Office. in 5:30 Kdition, 2:55 51 Recei Quotati Oven. High Low. 2:55. 75 7o 16 Th% p.m.—Final Quotations Opan. High. Low. Oven High Low. 2:55. Cuyamel Frult.. 61 51 61 Nat Pow&Lt (1) 254 254 25% 25 Capital st b $500.0 £8.000.0¢ £037.500.00 0 | | Clarence Saunders to Include o] Abrahm&Straus. 1011 104 101% 10414 Abr&Stras 1%ps 111 111 111 111 Adams Exp (6). 260 260 260 zu;l 13% 13% 134 Nat Radiator(3) Nat Supply (16) Nat Surety (10). . 6% 37 384 p 1194 L 170 Davison Chem. .. Deere&Co pf(7). Del & Hud (9).., 38 381 38 119% 120 119% 166% 172 166% Capital in Move to Ex- pand Business. Real estate Real estate ‘morigages Tien) Stocks value) Premitm hands of asents rest due and ace Al other assets Collateral and polk (first 21.043.640.86 4.30.164.75 Alr and ‘Bonds * (market BY EDWARD C. STONE. According to an Associated Press dis- | pateh today from Memphis, Clarence <a-q as0 44 | Saunders, chair store owner, his com- Qis 142 2% | pany is planning the formation of a 850.000.00 | S0 Gh” corporation to operate units 4 m Washington, Chicago, St. Louis, Kan 901707 | as City. Denver and elsewhere. | The "Memphis Commercial Appeal states that since Clarence Saunders | 1ost control of his Piggly Wiggly enter- | prise, the company which he went into has grown until it operates 305 stores in 157 cities. The present move, which will include the Capital, is intended to double the number of stores now in | operation. The Memphis reports state that the new capital is to be supplied by New York, Boston and Fall River interests. The largest number of new stores ma | be established in Detroit, where it is { proposed to open 250. The enlarged company is to be known as the Clar- ence Saunders Stores, Inc. The present | company declared three dividends carly | this week, two on preferred and one on | common stock. Lively Trading on Exchange. | Trading was heavy on the Washing- | |ton Stock Exchange today, nearly all| | the favorites appearing during the ses- Peoples Drug sold at 124, Sani- . Railway & Elec- Total assete LIARILITIES Am Am Am Am Am Am Am Am Am £83.650.190.00 iring the . 1.965.406.54 ing "the 11.000.431.67 y 00.100 70 Am Am ANTHONY, 6 i3 Not Am i Am es Nov. 11 i Am Am TH CONDITION INATMUTUAL LIFE Drcemuer 1835 ag me. | sion ma Code. | tary Grocery at 106! iwust 13- | tric preferred at 10375, Capital Traction at 1097,a110, Washington Gas, 88'4, and Sand & Gravel preferred at 105. Lanston opened at 109'; and closed at 10815, Mergenthaler moved at 10314, Potomac Electric Power 6 per cent pre- ferred at 1111, and the 5': per cent is- sue at 107!, D. C. Paper preferred brought 90, and 903s. Ten shares of District National Securities Co. sold at 02';. Real Estate Title Insurance Co. came out at 2081;. The only bank stock appearing on the board was American Security & Trust, which sold to the extent of 17 shares at 450. Chapin-Sacks 8 per cent pre- ferred moved up to 105'; and 10 shares of Hote] Raleigh sold at par. Three hundred and ninety shares of National Mortgage & Investment preferred changed hands at 53;. Bank Conference Plans Progress. Plans for the regional savings con- ference to be held at Richmond on April 5 and 6 are progressing rapidly. The secretary, Jesse F. Wood, vice president of the State-Planters’ Banl & Trust Co.. has sent out preliminary announcements which show that Eliot ARO! INSURANCE O 3342 8 020 00 183,079 33 . $3.004.604.58 $36.963.096.00 710.091.89 1.989.495.36 134.335.50 C. President. J. M. AVERY e & Trust Co., will be among the speak- ers. his subject being “Co-operative Educational Advertising of Thrift Ac- counts.” W. Reginald Lewis, cashier of the Northegst Savings Bank, is one M. H. THOMPSON, Nowrs My comm,ssion expires Oct. 14. 1928, * S38K8.12 7 assets turned over 1o Afro- d Century Life Insurance Com- nection” with reineurance. i SEsell fvrne e local bankers have already announced |4 their intention of attending the ses- sions. Judges Secured for Debate. Judges for the debate Friday night between the institute chapters of Rich- mond, Va, and Essex County, N. J,, to be held at the Raleigh have been secur- ed by Washington chapter officials. As- sociate Justice Charles H. Robb of the Court of Appeals of the District of Co- tumbia, has agreed to serve. John Poole, president of the Federal-American Na- tional Bank and a former president of the local chapter, will also officiate, and the third member will be Raymond B. Dickey, dean of the faculty of Washing- ton chapter. ‘That there will be a general outpour- ing of members and friends for the de- bate is assured. Large delegations are coming with the two debating teams, Baltimore is to send another and much interest is being manlfested here, It will be the first debate held here by out- of-town teams since 1921 when Charles D. Boyer was head of the local chapter. Federal Storage Dividend. | . The directors of the Federal Storage Co. have declared the regular quarter- $100.000 00 | ly dividend due at this time on the pre- 100.000.00 | ferred stock of 2 per cent. The dis- bursement is payable on April 16 to stockholders of record at the close of business on March 31, according to announcement by the president, E. K. Morris. Wimsett Directorate Completed. Directors of the Washington Wimsett Co., organized to engage in the making of industrial loans, at a recent meet- Atch REPORT OF CONDITION Of the Seventh Street Savings Bank in the District of Columhia business on February 28. on ESOURCES . 3 Loans and discounts. sding rediscounts. f other ba bills of Bald GO drafts . ol indorsement of G 513.548.14 uhieecnred T e anse 850.00 200.029.79 Government * sec bonds. ‘stocks. curities, etc. owned . Banking house $45. 04261 furniture - and fixtures, $5.919.48 Cash in vauit and amount due from patioval hanks o 50.962.00 | 3 cuion-d - 9933613 iears honge sfbegyr o) 5.102.32 | . b Misceilaneous cash items 0% 5o s S0 30 LITIE: vaid in $60.810.2 Bri . 812781 Reserved for taxes ete, accried due 1o uational 54.682.43 £.000.00 | 3.282.05 | inter- checks’ out o e 60 | Cashier's chiecks outatand- | Bru d checks outstand b | - 79.00 | business men to their board: than bank dep iigect 10 reserve neer, president of the Allied Utilities s pavable wi Bufr deposits 10 check 696.750.17 7.169.90 | of Time { Teaerve . (payabie after "“days. or subject 1o ) daye’ @7 more notice. of the American Society of Cert) Burt Public Accountants. | remodeling at Ninth street and New | BY York avenue northwest, is fast nearing { completion. This branch will make the 140th opened under the Wimsett sys. | wier of the| ~COMmMon Stock Issues Out Today, B emmty ewens thas | - The Equitable Trust Co., New York « true to the best of [ANd J. A 8isto & Co,, today are offering 87,500 shares of the common stock of the FPrench Line, Compagnia Generale | Trans-Atlantique % the form of Amer. ican shares American share rep- resents one deposited French share carrying dividend rights for the fuli year, 1927. The stock is prics — | per American share, oailidl First Mt;rtgage Loans| Interest and Commiasion depowits other th money borrowe Total a01 A1 5 S1ap ) D HOWARD. Cashier. | and sworn 1o before me ihis | T Macen TR P HOWARD, Notary Publie. AN M A SCRAPFER. | S RUPPERT R Ructst LUGGE. yirerto n “a: Cen o Ci Financial District Note, William D. Hoover. president . | National Savings & Trust Co, w.'l'm'.?k |8t his desk today after a two weeks out- |Ing at Bouthern Pines, N, C. F. J. Kaufmann, jr, cashier of the International Exchange Bank, has heen | ¢ elected director in the institution, Presi- | oy | dent Joseph Bchtavone snnounces Chi { , The Government tax experts in the local banks were swamped with que: tions today by patrons hastening to complete their returns before tomor- row Liggett Drug Stores sales for the | first two months of this year made a (®ain of 8333734, or 3.6 per cent over | the same period last year Blanding room only was again in i | order in the local broker offices today #5 the New York Stock Exchange opened Radio opened just 20 points | ¢vof lower than yesterday. Secretary” Mellon™ reports that two Issues of short term notes offe arly this week have been ove scribed esterday's record 2,000-share trans- of Washington Gas Light stock on | exchange was made by Y, E. Buoker 16 James O'Donnell Lowest Bates of C) Chi Mortgages Investments JAMES Y. PENNEBAKER Member Washington Heal Estate Board 5328 1520 K St. N.W. Money to Loan firet Gaed of Lrust on resl estate interest and comuiseion Joseph 1, Weller 5550 4§ V! Chi Chi Coll the Money Available for FIRST DEED OF TRUST LOANS 6/ Reasonable Commission Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. NW. PRICES ON PARIS BOURSE. PARIS, March 14 ) adier_on the Bourse per cen™entes, 68 franc loan, 88 franes 40 centimes on London, 124 francs 3' The dollar was quoted ut 2% centimes Prices were today. Three 5 per cent exchange centimes francs FOREIGN EXCHANGE tatione furnished by W B Hibe & Co ) | SEIBERLING "TREADS LEHMAN'S TIRE SHOP xh by pa N W Mein (88 snl g Buie N Thre b1 Adv Rumley Adv Rum| Abumada Lead. . Ajax Rubber.... Alaska Junea. Albany Papr(2) Albany Papr rts. Albny Pap pfe7) 111 Allied Chem (8) 153 Allied Cm pf (7) Allls Chatm ¢ Amal Leather. Amal Leather pf Ameradu (2)... Am Can (2). . Am Can pf (T) AmCar&Fdy ( Am Chicle (3). . AmChlic pr pf(7) 110's 110t 110' Am LaFr&Foam . Am Linseed.... Am Linseed pf.. Am Locomot(8). Am Mch&Fdy(2) 159'5 161 Am Me " Am Metal rts Am Metals pf(7) 119 Am P& Ltf1). Am Radiator (5) 140's 1417 140 Am Ry Exp(8) Am Republle... Am Saf Raztdy§ Am Seating (3). Am Ship & Com., Am Smelting(8) Am Bt Fays (3) Am Stl Fv pt(7) Am Sugar.. . Am Sumatra. Am Tel & Ca (5) Am Tel & T Am Tobacco(8). Am TobaccoB(8) 167% 168 Am Type Fo(8). Am WW&EIl(e1) AmWWIist pf(6) 1017 1 Am Woolen... . Am Writ Pactfs AmWrPa of ofs K Am Zine Am Zine p Anaconda (3) H. Thomson of the Washington Loan | Ateh®h.Dan @) Armouroflll(A) Armouroflll(B) ArmourDel pf (7 Arnold Con & Co of the conference vice presidents. Many | Asee on (3) 5 tchison (110) Atchison pt (§) AtiCoast L« ) 173% 174 Atl Gulf & WI.. Atl Guit&WI pf. Balto& O (8)... Bambgr pf(6%) 109% 1094 109 Bang & Ar (3%) Bank of Am (12) 67 Bank ofMan(16) 60 nk of N Y(18) 685 Barnet Leather. Barnsdl Ab2l) Beacon Ofl..... 1 Beechnut (13).. Belding Bros (2) B Best & Co (3) Bethiehem Steel Beth Stl pf (7)., 120 120 Bloomingdal Bon Ami Cl A(4) Booth Fish 1s: Borden Miik (6). Boston & Maine, Briggs Mg Co " British Emp 2d Bklyn-Edison (8 Bklyn-Man (4).. Bklyn-Man of (6 Bklyn Un G BrownShoe(2% ) Brunswick Ter. . ing elected the following Washington | Bucyrus-Erie (1) 27 Bucyrus cv (2%) Francis R. Weller, consulting engl- | Bucyrus E pf(7) Corporation and trustee of East Wash- | Burns BrosA (8) Ington Savings Bank: Samuel 8. Clark, | Burns Bros (B). president of Samuel Miller & Co., Inc.: | BurnsBros pf(7) 99% 99% 99% FPrederick M. Pelzman, president of the | Burroughs(14). Fashion Shops. and James A. Councilor | Bush Tern (g2). James A. Councilor & Co., auditors | Bush Ter de (1). 111 and accountants, and former president | Butte Cop §Z Butterick Co.... The bullding, which the institution is | Byer & Co Cent Alloy (2).. Cero de Pasco4) Certain Teed (4) b8 O8% and-Cleve.... Chat-Ph 8ki16) 605 Ches & Ohto(10) C & O Corpn (3). Chi & Alton. ... hi & Alton p! \ & E 1 Great West. *hi Gt West pf. Childs ( Chile Co (2¥%) ™ i rysier Cor (3) City Stort iett Peab (6). a-Cols (5)... 1 1 Collins&A vf(7) o) & Southn (3) 104 | Gan & K1 (h) 1 G&t vt AL6) Com Bolents(s) Com Pow (14). Conde Nast(2).. Cangol Cong Clgarsis' Con Clguieil )., ‘onsol ‘ot Mont (ke ) arn Prod of (1) oty Ino (k6) | Cuba 11 Ca80) Cudahy 134 40 4 182 404 401 40 % 4 3% Reductn (5) 182 182 182 9% 10 " 4 o4 23% 23% 234 % 1% 1 111 52 y bf.. Axricul Chm ARri Ch of Bank N(13), Bk N of (3). Beet Sug pf. Bosch. .. Br Sh(J160) Brown Bov. Brown Bo pf 10% 46l 824 83% 140 140 140 « 105% 105% 105'% 54 Tols oW 1% 50 Drug (80¢). Encau ( 125 0) 6 3 647n 124 64 Am Express (6). Am & For AmFPow2dpf(7 Am&KFo Po pfil) ow 10715 1081 10714 S4% bdk D4 6 Hide & L pf. Ho P (240). Am lce (1214).. lce pf (6)... Internatl(2) 5% 100 1118 991% 101 10835 1081 14 156 39% % 119 70 39% LI 120 0% 72% 1 B0 1174 17 601a 0% 40 4 44 172 174 172 62 64 62 114'% 114 114% 60l 61 K9% 51 61 how 26 9 26 (9) 181 182% 181% 167% 168 167 167 40 4% n7 54 n7 21% 78 544 6l 110 14 8 88l 61 6lis 1105 110t 110 14 144 14 St By K4 8814 8814 884 4 @ 4 42% 424 39% 3un. 9% 185% 186% 185 3% 313 3% 104 104 104 1787% 39% 52 " AT 69% 69% 67 105'3 106% 105'5 s 11 1 8% 8% 275 121 13 T&S Fe 4 Powder(4) fining (4) 8 272 121 111 win Loc (7) 1ni 5% 5% 688 611 685 40 237 13% 78 20% 86 4 675 650 685 3614 23% 13% 40 'y 78 20% 86 5915 60% 6115 204 BB 59 59% 119% d9% 87w 6813 681y 681y 4l 4l 4l 16515 169 16814 60 61 60 26'% Rys pf 4.12. 3% Empir 3l R 2284 62% B8 (6. 148 47% 36 184 625 88 88 148% 148 AT 4T 86% 35% 18 18 2T 26% 36% 56l 36 110% 1104 110% T T8 ok 99 .99 9y 17 20% 17 wick B (3) 1104 5% 994 185 991y 159 601 1t 5% 10% 43 b4 98 69 Roch&P(4) 168 1 60%% 167% 604 11 5% 9 51 98's [N 6013 1t bk 10 54 101 0% bk 9 54 e&Super(2) roduct Calif Packg (4). Calit Petm (1).. Cal Petm cfs (1) Calumet & Ar(§ Calu & Hecla (2) CanDry G Ale(3) & s 3% 20 95 208% 212 208'% 262 262 258Y% 261 29% 28% Ry NJ (112) 300 300 300 300 61% 61% 61% 614 BB b8 H% b% 605 605 19 ki Pacifio (10) Threshg(6) 6 6 605 191 N 5 10 10 67% 10% 10 70 1% & East 11 pt Mil & Bt P Mil & StP pt Chl & Nwn ()., Ri&Pac (6). Yel Cab(3).. 40)...0 Bte 5 0% i y 37 7% 3% 6 TN 13674 Bl 10: Do 108% 90 108 40% 40% X 1% 1 [ B (1.20). 117 6 6 6t (B). Bt 95 v K6 102 ns & Alk( it 102 10 M Ty 1054 108 YOl Bt 108 108 i 91 24 Wuel & Iron. 10% rhon (4) .. 177% 1797 1T4% 177% 67 6K o7 PUI TP T 2 2% U4 .. 08 BA% BG'G BN % tw | Lide 186% 1940 0L 1 Wk % 0% N alr 7 of Distribut I akE A 4) i Baking B, Al 40 Yty By 10 72 19 14 M3 40} ORI 14 114 % 4'h . 2014 6ba 4 00 [y Bl 1 0 Prod 13y IEUET 140 Proe 14 Al na 14 g n 200 [y A2 e o w4 204 'y “" vany en Am 8 (1), MK tisa Aeio (1) 61, 49Y 4 N 1 a6 W L0108 102 T TN Del L & W (17), DRG Wst pt... Detroit £4 (8).. Devoe & R(2.40) Devoe& R 1st(7) Diamond M (19). Dodge Bros Cl A Dodge pt (1).... Dome Mines (1). Dul SS & Atl pf. Dunhill int (4). DuPont deN(10), Kastman (18)... taton Axle (2).. Eisenlohr & Rro. Klec Auto L(8). . Kisctrio Boat. .. Kleo Powr & Lt ©lea P& Lt pf (7) Klea Refrige Elec Stor B End-John (6)... Bngineers Pub § Engnrs PS pf(7) Equit Blde (7)., EquitableTr(12) Ertfe R R . Erle 18t of. Erfe 2d of. Eureka V (t14) Fed Ligt(h1 40), Fed MotT(f80c). Fld Phoe lns(f). Kirst NatSe11) Fisk Rubber. .., Fisk 1st pf (7)., Flaischmann(3). Foundation Co. . Fox Fiim A (4). Freeport (1%)., Gabriel Snub A. Gardner Motor. . Gen Am Tnk4). Gen Asphalt. ... Gen Asph pf (5). Gen Bakg pf (8). General Cable. .. Gen Cable A(4). Gen Clgars (4).. Gen Eleo (16)... GenEleg sp(60c) Gen GasA(oll4) Gen Gas B(el%) Gen G & E1 A(8) Gen Hotors (5) Gen Mot pf (7).. Gen Outdr Ad(2) Gen Outdr Ad(4) Gen.Ry Sig (5).. Gillette Raz (5). Gimbel Bros. Gimbl Br of( Glidden Co. . Glidden pr pf(7) Gold Dust (3)... Goodrich Ru (4) Goodyear Tire. . Goodyr 1st pf(7) Gothm new 2%, Graham-Paige. . Granby Con Min Grt North pf (5) Gt Nor pf efs(5) Grt NorO(1%). Grt Wn Sug 2.50 Gt West S pt (7) Green Canan. ... Guantanamo Sug Gulf Mo & Nor. Gulf States St Hanna 1st pf. .. Hartmn B(1.20). Hershey Corp. .. Hershey of (4).. Homestake (17). Household (14). Houston Oll. ... Howe Sound @ Hud Man (2%4). Hudson Mot (5). Hupp Mot(1.40). 1iltnots Cen (7). Indep Ol (1)... Indian Mot (1%) Indian Refining. indian Refg ct Ingersoll Ra (1! Inld Stl (p16%). Lnspiretion Copr InterboroRapTr. Intconti Rub(1). Internat Agri int Bus Ma ( int Cement Int Com Eng (2) Int Comb pf (7). int Harv (36)... IntMteh of(3.20) Lot Mer Marine Int Mer Mar pf. int Nicke! (2)... intl Paper(2.40) Lot Paper pf (1) Inter Salt (6)... Intl Silver rts... [ut Tel & Tel (6) Intertype(t1%). Island Creek (4) Johns-Maran(3) Jones Bros Tea. Jordan Motor. .. Kan City South. Kayser J (4)... Kayser (rights). Kelly-Spring.. K Hayes Kinney of (8) Kraft (g1%)... Kresge (11.60).. Kr Dept §.. Kroger Groeic1) Lago Ot (76e) .. Lambert (15%), 1ghValidiy) Lehn & ¥ink(3). Life Sav 1160). | Lig & Myers(15) LIR&MyeorsB(16) Lima Loco (4).. Lia Carb (3.60)., Loew's Ino (13). Lofrt. . Long-Bell (A).. Loose Wil(1 60) Loose-W 1st(7). Lorillard Co. Lou! onl... LouisGusA(1.76) Louls & Nash(7) Ludium Steel(2) Me McCrory B (2)., Mack Truck (6). Mackay (7). Mackuy pf (4).., Mud S0 Gr (14) Magma Cop (3). Mallison & Co Mallison pf (7) Mandel (2%),.. Man Kl Sup (6). Man Bl m g (46) Man 8hirt (). Marucaibo O1l. Market St prior. Maclund ONl. ... Marlin-Rook(2) . Martin Parry. .. Math Al(6) May Dept 8(4). Maytag (13). MetraG uf1.89) Mexicun 8 Miami Cop (1), Mid Contil Mid States Oil ct Milles Kubber. . Minn & St Louls Min 8t P&SSM Mo Koo & Tex. . ourl Pao pf. Montana Pow 6 Moon M Mother Motor Meter A 0 W) Mulline Mfg. T2 nhte v Munsingwr (3). Muriay Corp NAsD Mot (164 ) Nanh & Chat (1) Nut bollas Hewn sult (17) N ROAS Natl Dairy (8). . Nat Dept Store Nat Distiiler Nat Hnamel & 8, Nab Land (6) A prALT) Crory A (2).,° 137% 52 181 51 114 148% 18 697 101 [ 57 348 167 31% 16 125 109% 419 e 6514 70% 5% 181y Fuller pr pf(6).. 1 140 o4 181 52% 114 148% 194 % 1 6% A% 86119 167 a2% 137% b1 181 514 114 148 184 69% 1014 6% 57 848 189 54 181 52% 114 148 194 0% 10% 6% 571y 8511 167 | Simmon: Nevada C(1%).. 1 NO & M(7). N ¥ Cent (8). Y C&St1(8). Y Ch & StLrts N Y CStL pf(6). 109% NYC&StL f rt NY Dock. NYNH&H: NY NH&H ot (1) NY & Harlem(5) NY Ont & Wn... NY Stm of A (1) Ntag F pd (1%), Norfolk South. . Norfolk&W (110) NorAm bl0 % stk NorAm Ed pf(7) North Pao (5).. Nor Pac efs(5). Northwn Tel (3) Nunnally (50¢).. Ol Well Sup. Ol Well S pf. . OppmCollins(f4) Orpheum Cireuit Orpheum pf (8).. Otls Elevatr(+7) Otis Elev pf (6). Otis Steel.,.... Owens Bot (ct4) Pacific Coast Pacitio Gas (2) Pac Gas & K Pac Tel & Tel (T Packard Mot 3) Pan-Am Petroim Pan-Am Pet (B) Panhandie Parmt-§ i8). Park & Tilford. ., Park Utah (80c) Pathe Exchange Pathe Kx A..... Patino(a.97 1-3) Peerless Motor.. Penick & Ford. . Penn Dix Cmt(2) Penn R R (3%). Peoples Gas (8). Peoria & East. .. Pere Marq (18). PhilaCo6 % pt(3) Phila & R C Phila&RC&]I cfs. Phillips-Jon (4). Philip Morr| Phillips Pet 1% Pierce-Arrow. .. Plerce-Arrow pf Plerce Oll....... Plerce Petroim. . Pillsbury (1.60). Pitts Coal Pitts&W Va(6). Porto Rico To B. Postum (5). . Pressed Sti Car. Prod & Refiners. Producers&R pf Pub Serv NJ(2). Pub Serv nf(6). Pub SE&G pf(6) Pullman Co (4). Pullman (10). Pure Ol (5Ue). .. Purity Bak ct A, Rad1o Corp of A Radio Cpf (314) Reading Ry (4). Reading 1st (2). Reading 2d (2).. Real Siik Ho Real Silk pf (7). Remingin Rand. Rem-Rd 1st(7). Reo Mot (11.20). Rep Ir & Sth (4). Rep 1 &S pt (7). Reynolds Spngs. KeynidsTobB(5) Richfield Ol (1). Reis, Robt & Co. Rossta tns () Royal Dad.13%. St Jos Lead (13) StLa&San b (18). St L&Southwest. Savage Arm. Schulte (33 Seabd Air Line. . Seab Air L pf. Seara-R (ni%).. Seneca Covper Shattuck ' G (2) Shell Un (1.40).. Shubert The (5) (3).... Simms P Stnolair OL Skelly Ol ( Sloss-Shet (6 Snider Packg Co So Por Rie Stf1) South Calif Kd.. South Dairies A. South Dairi South Pac (6)... Southern Ry (8) SouRyM&O cfs ¢ Spear & Co. Spicer Mfg. . Stand Tob (1). St U & 1S (3% Std G & K pt (4) Std Mill (6)..... Std Millg pt (6). StandO Caliz i) SWUILNJI(T14) Std OINY(1.60) Std Plate Glass., Sud Pl Glass pf. . Stewart-War (6) Strom Car (3). Studebaker (6). Studebak pt (7). Subwarine Boat. Sun Ol (n1), Superior VI, Sweets of Amer. Symington Cl A. Telautogh (800). | Lena Covper (1) Lexas Corpn (3) Lox Lund L'rst o 'he Fair (240). Third Avenue. .. Tidewuter AsUII . Tidewater Oll §0 Cinken (16) ..., Tobao Prod «m). Lobac Prod A (1 Cranscont VIl .. Cransue & W1) Udwd-B1 K (4).. Udwd-El ¥ pf(7) Un Bag & p Union Carb (6). Un Ol of Cal(2) Unton Pao 110). UnitedBis(1.60). ULdCrrsuCyue) United Drug (9) Utd Drg st (3% Utd Fruitc1big) U S Distributing U 8 Alconol (6). U S Leather. . U S Leuther A U S Heulty (4).. U S Rubber..... U 8 Rub 1st (8). U S Smelt (34y) Uni Plo 18t nf(8) Uni Plue & Ri2) Utah Coper (8). UL P&LLAC Vanadium (14). Vietor Talke (4) Vietor o of (8) ., Viotor vr pf (1) ‘aro Cheim. . Ch 8% ot rChpfet) Vivadon (b10) Vivaudou of (1) Wabash a Wabash uf (A (b Wabiash 1 (6) ME Waril ClLA (8) ., Ward Haking i Ward Bk of (1) Wainer Fio A Warner Quin Warren Hios Wark& Pipe o Web & Hell W Penn K1 A (T) W Pann 101 nf8) W ot (1 Wast I' Po () West I o pt(1) 130 164 130% Ak iy 55 61% 114 180% 2 13 28 43 185 6114 103 9414 109 14: In e 1000 1014 1" 10y [TEIN a4 10815 3 20 106 108 N2ty 1~0 21% 68 153% 6 N e 1081y 1014 (TEIN 1001 LN dty 1481y, 468 1901y | today at unchanged prices. CLIM IS ORDERLY ON STOCK MARKET Rails Given Whirl—Shorts Still Taking Beating in Linseed. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 14—Without in any way letting up on the unfortunate shorts, the stock market settled down today for an orderly advance. There were still rapid fluctuations in the volatile industrials, but the list as a whole seemed to have recovered its poise. The real new development was the uniform strength in the railroad shares, something that had a reassur- ing effect upon shaken speculative nerves. The opening was as uncertain as at any time during the past four days. Radio, the star performer of Tuesday, started in today at 138, down 8 points from the preceding close. Then it gradualiy made up the loss and for a stock that has had such a spectacular career in recent sessions, moved sedately within a range of 2 or 3 points. Linseed Market Sensational. Much more sensational was the market for American Linseed. Here the short interest was hampered, not only by the small floating supply, but by the small capitalization. The open- | ing was 5.000 shares at par, up over 5 points and at the highest in the his- | tory of the company. From the open- ing price it moved up to 105 and held | here. The strength in the rails, which was shared by seasoned dividend payers and low priced issues alike, came as a wel- | come relief. It has been said all along that unless the rails were brought into line the upward movement could hard- | ly be regarded as genuine. They cer- | tainly fell into line today. | New high records since listed were | made by St. Paul common and pre- | ferred, the stocks of the reorganized | companies. The St. Louis-San Francisco | made a high for the year above 116, and so did Texas & Pacific above 112 There was a steady demand for the Missouri Pacific issues. Rock Island moved up in sympathy with “Frisco.” | Lehigh Valley had a rise of nearly 6 points, although it lost part of the gain subsequently. New York, Chicago and St. Louis jumped a point between sales Delaware & Hudson, Lackawanna, Bal- | timore & Ohio, Chesapeake & Ohio, with its affiliated Chesapeake corpora- tion, and Union Pacific went along. Industrials Not Prominent. | ‘The only news bearing on the rail-! road situation was the public report that a compromise had been agreed upon the plans for consolidations of the | Eastern trunk lines in the fourth sy tem. The report. which was vague as to details, may have influenced some bu: ing but it was inadequate to account for the upturn in the stocks of all the carriers, both Eastern and Western. The standard industrial General not as prominent, but for the most part showed gains on the day. General Mo- tors was the leader of the three. Inde- pendent Motors were strong also. Hud- son was taken in large blocks up to | 95, where it was at a new 1928 top. | Hupp and Packard were in demand and there was & better market for Dodge | Bros., preferred. | Other industrials which were cou- | spicuous at one time or another was | Vanadium, which soared more than 5 points across 89. International Match preferred, which made a new high since listing at 112; American International which continued its advance of the before, Johns-Manville, Warren Bros and Gold Dust. Company Abin P & Aero Sup Mix Am Br Shoe & Do, bt Am P S Tet pEN 1 BEMRR vrnf 14 Do. st nf. A1t Do. 1st of B Do’ st nf € Do. 1t ni. D st ot Bo. ! ad Emn Sa si Wl Steel Prais 1 180 nt ol Momntam § P pf § A o nf 1 Ph Morris 1 Do o 4 Do 3 . PeUS P & Lot $U50 QA Do nre ol Richd Rad pt. 8 Roval Bak Pwdr Do W i Shatr O & R pt 81 Snicer Ml d Gas & EIS T e ot $1 R ¢ Q qQ 3 ¢ %9 St Q Thomisg Westehr T 1Yk Wertehre T (VK COTTON GOODS QUIET. NEW YORK, March 14 (Special) Cotton goods ‘markets were quiet again Print cloths were quoted at T3 for 64x60s and at 8', for 68x72s. Raw silks were un- | changed in_a_quiet market | Wast DalrvA(4) 62 63 Western Dairy B i i West Marviand. 41 441 Wast Pacifio. . IR R Waestn Pacific ot I West Unlon (#). 166' 160! Westhse A B(3) v A8y Westinghae (4). 102 1040 108 1014y Westhse 1at €4). 101 103 108 103 Waston A (2) LR T TR YT White Motorsi1) T White Rocki 13, White Sew Mach Willys-Overland 200 Wilson & Co.... 1 13 Wilson Copf AL 28 20 Wilson & Copf.. Tin 71y Woolworth ()., 183 Ix Wortha Pump. . 20 Welkht Asro (3). 824 Welzley W 131y YalegTown18) Vatlow | ruck Younastn Snib) arly Nales on N ¥ M Tam.. (500 12 m, ., 1340 200 tom 0¥ em. 2432600 [ an dt i i D R N 200y T N T LTI Nl e Wibe iy ted e rading tass (han Plus 4% iy stock §1 Wiis v A0 N0 fexuiar rat ANEED O Shevial divy Tou anares | Vavanle v atiek Wiie 4% i W lavahla 1ob Motors, Steel and General Electric were | GETS RECORD PRICE. Baltimore County Bond Issue Bought on 8.85 Per Cent Basis. BALTIMORE, March 14.—Baltimore County received a record price for an Issue of $500.000 of public road 4% per cent serial bonds, awarded by the county commissioners to a banking group, headed by the Union Trust Co. and Jenkins, Whedbee & Poe yesterday. ‘The price was 107.5599 or approxi- mately a 3.85 per cent basis. This com- pares with 10246 or a 4.05 per cent basis, pald for the previous issue of $500.000 of the same loan a year ago. That competition for the bonds was keen is indicated by the fact that less than $2.50 per $1,000 bond separated the highest and the next highest bids. The bonds, which mature serally from 1940 to 1948, were immediately offered for resale by the successful bid- ders on a 3.80 per cent basis. 3—5—10 Houses Apartments JOHN JOY EDSON, President Organized 1879 Assets ... $5,202,042.70 to build 915 F EARNINGE_SHOW SLUMP., | NEW YORK, March 14 () —Earn- ings in 1927 of the American Sugar Refining Co.. were equivalent to $1.49 per share on the commoni stbek, as compared with $7.08 per share in 1926, the report mailed to stockholders today ¢ showed. Earnings on refining operations were $1,070.851, and income from Cuban raw sugar properties and other sources made a total income of $6,618,740. Pro- vision for taxes, depreciation, interest, $7 on preferred and $5 on common stock created a deficit for the year of $1581,240. At the February meeting of the hoard this year the common dividend was ~ omitted on account of inadequate earn- ings and the uncertainty of the sugar outlook due to government control in Cuba, Earl D. Babst, chairman of the I board, said. First Mortgage Loans In the District of Columbia and Nearby Maryland Year Terms Special prepayment privileges Prompt Replies 572% Randall H. Hagner & Company Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Avenue . Office Buildings Stores Main 9700 Equitable Co-Operative Building Ass'n WALTER S. PRATT, Jr., Secretary 48th YEAR COMPLETED Surplus . +..$1,511,115.87 Subscriptions for the 94th Issue of Stock Being Received NEXT PAY DAY—Start Saving Systematically in the Egquitable There are spend money, but only one way SAVE SYSTEMATIC way! live for TODAY—start in now to lots of ways to it—and that's the Don’t just for the FUTURE Start an account here. STREET for LOANS on “Abb COMPANY 1001 15th Street N.W. APPLICATIONS INVITED IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs of Montgomery and Prince Georges Counties, Md. 5% INTEREST ly to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE of AMERICA Main 8100 WILLIAM D HOOVER, WOODBURY BLAIR FRANK W, STONE FRANK STETSON. Tr CHAS. €. LAMBORN, Trea K. PERCIVAL WILSON. Neere FRANK K. ULLMER, Asst BRUCK BAIRD. Awt Tr DAVID BORNET, Asst. Tr JONN W CALVERT. At Treas W MILES PARDOE, Asst. Treas VLENANDER 3. FANT. Asst. See JONN ML BOTELER. Ast. N AUDLEY A B SAVAGE, Aud DIRECTORS Ofticer. Omcer. 62nd laas A alovk Aty stk 7 bl Ge hale ab commun sioen. Year Safe Deposie Boxes ae Modera Open Until 5:30 P.M. Tomorrow and. .« Friday, March 16 Such a Litfle Money Will Start a Bank Account and money at interest increases so steadily that no one can afford not to be a depositor in an insti- tution like ours. ¢ This the OLDEST Savings institution in the city, and over 50,000 i dividuals find satisfaction in the security and ser we provide QMake This vour opportunity come * ¥ Payc to i be one ot us Same Rate of Interest Paid on Large and Small Accounts ¢ Rencals National Savings & Trust Co. Cor. 15th and New York Ave. Oldest Savings Institution in the District of Columbia