Evening Star Newspaper, March 20, 1928, Page 12

FINANCTAL. THE EVENING STAR. WASHINGTON, D. €. TUESDAY, MARCH 20, 1928. FINANCIAT. e BUSNESSISQUET [ NEW YORK STOCK EXCHANGE | |STOCKPRIGESSOAR | iz 2, o [ e more RBide.. Hth & F N.W. Klnm City Public Service Co. will be | Received by Private Wire Direct to The Star Office. ' | partially financed with tion of the ||| z ; | e o ol i = Dot orme ot pemon s || W, H WEST COMPANY Mortgage Money Loaned |' E H RE Quotations to 2:35 p.m.—Final Quotations in 530 Edition. bt e Ll | 916 15th ::"M Main 9900 t Rat Open. Hixh, Tow. .55 Open. High. Low 5 Open. : 1 Stuart & Co. .l. i‘ Lm:&lnkle";h ;’f“rd i | Abrahm&Straus. 100 101 97 101 I(‘munv Pke (4). 64t 65 6 65 | Nat HIscu:; (;’)I') 1714 1 | ‘Adams kxp (8). 270 270 270 270 | Curtiss Aero (1) ‘66% 66% 6 65 | Nat Cash R( g 3 4 er utherio faav R & 12% 12% 12% 124 |Cushmn's (84).. 168 Nat! Dairy (3).. Ti4 T 1 Ren y tine Mutual Benefit Life 1 |Savings Bank Prmclples Laid, 350 Rimiey of. 85 ‘8 Cuvamel Froft., 83 63 63 51 |Nat Distillera. . 41 General Motors Leader. prosenting a1 Benefit Life Ins o ST 152 K Street Main 435 Down at Chicago Area Al Roaustitay. 5 toh [DavisonCnem.. a7 a8 87 47 | N2 end bEACT) 30w 139% 139w Radio and Cast Iron Pipe F. B. KEECH & COMPANY Air Reduetn (2) ~ 65T Del & Hud (9).. 54 i r’::: LZ:,‘L’;’,.’;,’ FIRST MORTGAGE NOTES| Conference. Alutdumee 0 4 4 au| DRGAN OO, L e LI e et e e s ERRSRS—— | e e Albany Papr2) 214 Detrolt Ka (8} .. “BALLARD' , { e 3, N W i —_— Albany Paprrts. 1% Devoe& i (12.80) k Supply 93 93 9 New Vork Stoek Exchangze Chicago Board of Trade | . e& (12 Nat Surety (10) % 35 232 333 e . 9 % Cotton Eschange v E Alhied Chem (8) > BY GEORGE T. HUGHES. Washington Stock Exchange New Yorl g S SO SRONE [ Anttea cm ot (1) 1224 12 ll);:'-::m'u;'r::'c'“' - 4 gy | Nt Tea (4).... . R Freor- R & B S s Chicago Stock Exchange New Orleans Cotton Exchange The quieter tone on the New York Allts Chalm (6). 120% 1201 If(::. of (1) 1 zg!_l:':'(; IM%”) ”-lt 1 1 Smimh by i 4 "‘h 2‘0 0 1 New York Curh Market l,'vnlw?l ton Exchange Stock Exchange apparently reached the | Amal Leather.. 12t 13 24 T - 131181 NEW YORK, March 20.—It was an- ( Associate memberss Amerada (2)... 30 3 29% | ‘ h rBr(3)., 4% t lation on | washi u ulS S & Atlan. b y other day of extravagant specu was :‘l‘gl“f;:d}l;\):c"q‘l:tg‘: m:ri;:";x::m:: A A e g (L IICT TR 50 fi\f&gi:‘.”).. e 5% | the Stock Exchange. Prices were md 1510 H STREET N.W. WASHINGTON, D. C. « have vour applications || transactions were in bonds, Capital | Am Bank N(¥3). 3 SR : NY Ch & StLrts 3 3% | up with every appearance Of reckless | Traction 5s selling at 104 and Railway | Am Bk N of (3). B e R b gt b “,‘}",',',"r‘:; 109% 1+ "% | ness and to the accompaniment of .; Wi Yook Philadelphia Providence fe & Electric S s 2 v o LOANS ON REAL Pots B Boer stk per cent | i 31, g3y | Kisenlonr & Bro. 16 ] Y Dock. 673 b7l 57 57l | huge turnover. | 52 Brosdway The Ritz-Caslten Grosvenor Building ESTATE | preferred stock came out at 1073 for | Am B Shoe pf(7: 2 Eisenlohr pf (7) 4 9 NY & Har p. 8 ‘The most important, but not the Chissge 15 shares, 10 more selling at 107} Ten | Am Brown Bov. 5 Elec Auto L(6).. K\\K\H&Hurl(l) 2% 63 2! most_spectacular, ineident was the rise Immediate Action shares of Riggs National Bank stock | Am Brown Bo bt 55 21, | Electric Boat... 1 13% | NY NHEH uf7) Rl s bt Sl 231 So. La Salle St. Courteous Treatment changed hands at 501. Mergenthaler | Am Can ¢¥)..... 8 N Elec Powr & Lt. 39 % NY Ont & Wn... A eneral Motors g i Linotype gained a point during the ses- | AmCar&Rdy (8) 106% 10 6 Kleo Refrigeratn 7 6% | NY Steam of (6) Wik of 173, the highest at which the $25 Pri Wi sion, ‘opening at 103!y and closing at | AmC& F pf (7) 133% 3 33 | Elec Stor Bati6) 24 | NY Stm of A (7) [BTEN par shares Have evef sold and so n ef- | rivate Wires to | 1031 2 o! ¥ o s End-John (5)... 79 g Niag K pd (1%). 2 < on a 9-share turnover. Terminal | Am Chicle (3. N e s & o BE IAGLE L : 27% | fect the highest for all time. The ad- ki A SR R@fnfifl"n“ng & Warehousing Corpora- | AmChic pr Uf17) IU‘ -+ 7 i Percy H. Rassell Co. ||t Saite i e |45 S, o " e | EEERS 188 8 TR fiy '8, | e ey xS ey ol 926 15th St. N.W. \\mhlngfnn Gas Light stock. Twenty | Am Exprens (8). 1 X : 3 5 N Py i HhR loas wes ““;""A";““:f“:,fl, e us 5 S i —— e ther 10 s Baa it Speis | AMEEor ity o N v 3% T . : 4h'a hh 94w 94% | blocks changed hands on the rise. Telephone Main 215.6-7 Cable “Keecheo price. In addition to Mergenthaler, | Am&Fo Po pfi1) 106% 1055 5 | Fairbanks Co pf. i 506} 3 ¢ F Radio a Star Performer. DE & Co Capital Traction is now being quoted Am Hide & Lea. 12% 12 Fairbunks (3).., 4 3 R # Radio and United States Cast Iron | leGHT. SLA . ex dividend. | Am Ho P 1240). 66% €. e Lixtihl 514§ 4 v 4% 3 4 Pipe were the star performers. how- Amicett2y).. v 2 4 " |ever. Radio ran up above 154 from | Am Internatl(2) 9" 9% MotT(80c) . 2 k red to | At a regional savings conference in | Am LaFr&Foam 5 F1d Phoe Ins(5) . 212 2 | Omnibusp ‘ :j‘o,"%':;': ‘:T;fi,:’" T Aoay| Ntu York Stock Exchange Chicago similar to the one in this area | Am La France pt ¥irst NatS(1 8 F OppmCollins(t4) New York Cotton Exchange soon to be held at Richmond. Craig B. | Am Linseed 5 93 98l 93 963 | Fisk Ruhh-.‘.“ % 1 6 Olll: “l‘l")’ 'R” ‘“ua ‘v’.:mnfishg;t;‘lmnlaa‘::dl?; Chicago Board of Trade Hazlewood. vice president of the Ameri- | Am Linsd pf(7). 9 Fisk Lt pf (1), 89 39 90 | Otls Stey 26 12 | R tha thoet atubbonn: of A ‘T d can Bankers' Association, laid down | Am Locomot(8). 110t 112 Kleischmann(3). Otin St prfor (7). 9 e o -nz)rsushould not have been | Tage }’ Stocks and Bonds Bought some of the fundamental principles of | Am Loco pf(7). 30 130 | Foundation Co. . Owens Bot (gr4) sl ot and Sold for Cash or sound savings banking, as follows: | Am Meh&kay2) 1 7 Fox Film A (4). Minimum capital requirements of | AmMa&Fy pf(7) 23 223 Freeport ( . s i A d | CARRIED ON MARGIN $25.000, segregation of savings funds, | Am Metals (3).. 404 Pac Gas & EJ rts g Iron Pipe. This is the stock that | — siance el A it N a0 |lOabEib BRGbI. S1y Pac 01l Stuba, ... 2 « | soared over 28 points yesterday. The THE MAYFLOWER HOTEL T Dt e e A s E s, | Gardoer Motor.. Pac Tel & Te| (7 closing price then was 235, in itself a | 5 Avenue at e Sales St. || ing costs, emphasis of quality father | Am b & LUTI). Blu St 78w 79 | GeN Am Tnkid) 6 Packurd Motts) A % [new high record. When ' it touched Thum AacRks Connecticut Avenue at es (i Sts, \ S ality i - 1§ H Gen Asphalt K. Pan-Am PetuB). K it was up 15 ints more. Telephone Main 370 than quantity of business, adequately | Am Rudiator (8) 14154 s : Pan-Am WedtB. 19 19K 100 ar e s eIk of ] e ‘om,} 3 [tors and & high ::fic?sn;;o:;‘EP ek LA I [ OSaNERTCADIN : Lantiindie, 4 3% 13% other favorable development, but to | s ! among bankers. B A AR EARTALL, 80 . Gen Cuble At4).. 78% | Parmt-Fam#i8). 115 : believe that the movement was any- R. TUCKER 3 A ; AR 178 175 Gen Cigars (4) 0% PArk & T } thing more than wild speculation was | - was in ————— Certificates for 140 Graduates. AmS&RUIT, 131 " 13z | QEnER R 1 2 3| Raanete a strain on credulity. the thumb tack | 7 e 250 | GenEleg sp( i Sxenaniy 2 E 2 ~pric ite ; 1st Trust Loans Gudmte bt STine tn Chkotes e | A et i [ SSBGERIOIE) a2 4 o e e Sl e trade. He had learned can Institute of Banking. Friday night | Am 8t Kdys (3) 645 B LR # * [time, likewise af a new record high. | 3 Any Amount at Wardman Park Hotel, showing that | Am St Fy pf(1) 114 It ety : plog ool *| SIl another was A. M. Bevers. There | pretty much all there is to i " D. C. and “nmgnmer'\‘ Lnn:\;\ | they have satisfactorily completed the | Am Sugar. 63 6 66 664 Gl U A0(4) 564 564 | Penn Dix Cmec3) were many others but these will serve | know about thumb tacks. So it was natural that, in Large Construction Projec various courses offered during the first | Am Sugar pf(7). 107% Gandty Bla tad.. § W Pean R R (3% ), £ i7w |35 samples. i time, Mr. Tucker’s profits amounted to a tid: FRED 5 i NESBIT re of Lo lgnf«fiu"lficfi“m' |Am T e eas) so Sa o 3¢ |@enBetrac s W L ol daie). Ba 173 Independent Motors Bought. GEsie - s - Phil 3 J i iti plomas will be presented by L. J. Rob- | Am TobyecoBes) 167% 1674 16 Philas RCAT 3 35| actviely bought. Of the motors the in sound and profitable securities. So Mr. Tucker erts, president-of the chapter. Most | Am Tobac pf(6). 117 113 8 | Glidden or pt(7) 974 9 4 Phillips-Jon 14 most prominent were Nash, Hudson, went into investment as he had gone into thumb of these banking students are continuina ' Am Type Kot¥). 21 20 | Gold Dust 'D,, S a8% 3 P 3 Hupp -nd the low-priced Graham- | % £ % 0"_" br Wis hes Lh(gr‘_‘i\fi\rk :!urrim;] the second semester | Am Type pf(7). 11: 23 1124 | Goodrich Ru ( "y g I 3 Paige. . sf.‘ll?u'?&u %?ané bw“fi'r; ! tacks—profoundly and indefatigably. He spent his S el class honors later | Am WW. 60 S¥ 59 | Goodyear Tire.. o5 5 g . e o i o & Betweeni| days over financial magazines and economist's | the year. | Am Woolen. Goodyr 1st uf(7) * 515 | Plerce Petrolm the motor car le, “jumpe: | to Renre H Witrve liasns om Micseate. ) ! ' ’\mmm Hos 32%. ¥b Pilisbury (1 60). oS 3 6 ::d;;“ ‘J‘u'-fiu i N A | prognostications and his nights over charts, graphs | s = 2 Gothm new 223, b Pilisbry pf(6%) i 2 5 i raple, nec- ]| The Federal Reserve Board's condi- | Am Zinc of. Ton 700! g b % s 8ng % | can reached a new 1928 top, and in the | and engineers’ reports. RVELEall miaek shup | tion statement of 649 reporting member | Anaconda (3), Hrd b S O I, L y On| Falls Texas and Pacific sold at the | essary and excellent money- banks in leading cities as of March | Archer-Dan (3). 60! 6 0% - F 367 hest in the history of the road.| Presently, of course, Mr. Tucker learned somethin; Gheart of bus | $173.000,000 in loans and discounts, of | ArmourofilitA) 14 13% | Gre No,u.m, 224 | PtsaW Vace). 13 26in 126% 1267 |t0 the favorable February earnings’| about investment. But, alas, in the meantime he for vears. In heart of | $9.000,000 in investments, of $146,000,- | Armouroflll(B) 84 Grt Wn Sug 2.80 32 TN 3 Porto Rico To B. 25% 2 25% statement. New York Central met ! had lected his busi that hi pess section with long lease 1000 in net demand deposits, and of $25.- | Armour kil pf(7) 77 L 1 [Gvwesie e A bt - profit-taking early in the day, but so neg s business is customers, and good building. Doing ‘°°°°°° in time deposits, and a decline | Arnold Con & Co 47 4 54 | Green Canan.... 1224 126 12 211 | Pressed Sti Car. p rallied in the afternoon. ¥ one by one, deserted him. At length, Mr. Tucker 4 of $8.000.000 in borrowings for the Fed- | Art Metal (1%). 27% Guantanamo Sug 8 Prod & Hefluers. 2 P Interest in the action of United 3 5 i $150000 vearly with about | eral Reserve banks. | oo gfiyg;zm 2 2 Gulf Mo & Nor.. 53% 53 s | ProphyBrush(3) & 5 5 88 g::m: nsmue:::tn?moln J‘r:e deunegn(g did what hg should have don_e in the begmnmg— A""&’ g { Trading in Warrants Reported. | 300,000 "Wiay ", 1uon sy | Hack pt ALK ). 2 P (U . | haa Gisposed of their holdings in that | put away his charts and statistics and turned his Most com- Trading “over the counter” is report- | Atch T&S Ferts. 3% 3l Hartmn B(1.20), 2 E B SE Wy = company. Steel opened lower and H . plete stock. Business will in- [§| €4 in the warrants attached to Peoples | At] Coast L(110) 181 Heraey Corp, 1 L g o Sonea uill\ia- & oo bas 1o the investment problems over to an investment banker. Sasbecy abeat SRR Elave & BIECK USROS IR e [ guica wl.. 40k Horshy o7 vf(6)’ : Punta Alez Sug. 3 | ssooud half ot the ‘seseion - recovered | Write to us—or come o ses us—for information . i i P 99 Pur H 0C)eee 4 P 22 | 3 S o & rating $50.000 to $75,000 and At Retining (4) 107 107% 107 107% g:::,fi;}:;;‘-;- = | Puriy Bak B (3} H gl 2 about our specialized service in bonds only N/ AtlasPowder(4) 70 . Le.! first class pay. No debts. yesterday o0 the New YOrk Ourt | Atias Pow of (8 108 : Houston Oll.... Radio Corp of A CREDIT FOR GENOA. Mige consider sman |13 555 wod ched ul'S5 e dave | Riviit ! fowaSound 45 (80 don b Unl) MalnCOP AR tuo S 8 Mo | omvon, sety, Maren 20 up—Dutan J-A.W. Iglehart & Co. emount of credit with g :::;f:,':;"“::i iy Hud Man pf (5), 3 . P A 3*|Read & Co. and the Marshall Field edge security. Lots of other & X | Hudson Mot (5" Silk Hos. .. - 25 25 |Glore War Co. of New York are re- nvestment Banher: good‘f and advantageous in- The allocation of the Reading and | Balto & O (6)... 115% | Hupp Mot(1.40) . 5, Stik pf (7). ported to be making a credit of $8.500.- I st t S e ] e e e o b : Litimalacen (1), 1384 139 32 | Rem-Rastens von 94 ‘municipaiy ‘of Genoa. " The. credit 719 FIFTEENTH ST., WASHINGTON, D. C. first-class business, making nuwm“mmnmfldmi Pro- | Bank ofMan(16) 604 6 :::l.:nol‘llc‘lll)l‘i;) R e | Reo Mot (11.20). 2 b carries an option for the future long- good money. Apply owner, el e Barnet Leather. 374 6 sow | term financing of this city. BALTIMORE MD. WILKESBARRE PA CLARKSBURG, W.VA. i by thetha. e 7> | Rep Ir & Su ). 8 city. Box 437H, Star Ofice. | sociated Press as to what he thought | Barnet L pf (7). 105l 10 e s 1 . Reynolds Spngs. 9 9 —e of such a deal B2 | Barosdi A bzt 22 2% ZEA| e st (prek ), ReynldsTobBUS) 1464 14su 145 DIVIDENDS. | "“Well, it sounds reasonable, doesn't . Inland St pf () 116% 116% 1165 116 oo AL 3 : { 12" was the railroad magnate’s reply. | Beacon Ofl... Inspiration Copr s ing 16).. 201% 2 2 Rate: ok Kbl ’}6’-3:,&" 3 3 Da J 6 iy pr Employes Large Stockholders. ding Bros (2) Dy 2 Jo | LHISEOE BT . { o b 40y “"'-5 DE"?; ik § Abe 18 Naral road hela 101208 shares o e caial | 2 e Internat Agri. .- | StLasun ¥ (18). hontpintn | stock as of March 1. In February iney | ethishem Steel 1 60% | 1% Coment (4) 2 R | bought 191 shares, making 659 shares | Beth St pf (7). 119% | it Coment vl ma' ! purchased this year. Of the total | Bloomingdale... 8% 3 1nt Com Koy (2) 5 | xun loyes purchased 73.507 shares | Bon Ami Cl A(4) 69 | Lntes Har pf (1), 1391 b the Provident and Loan Ascor | Borden ilk 1), 168 % Inchitch pf(3 203 112~ 115 2 3 1 1 Clation'shd 3307 pousht T sascs | Borden (rights). | 5 4% | int sor Marine.. 4 1 A | through the Mutual Benefit Association | Hotany CMUIsA 20, 20 2 :‘j | tnt Mer Mur pf.’ 3 26% 26W 5% 25% | Marion of Pennsylvania Railroad Employes, AR AN S aa, e !m Nicke! (2)... h 9 Sears-R (ni%). 2 B0 L0L Members Banking Principles Outlined. eliminated long ago. Pacific Gas (). 4| Then there was United States cmi Of | | | British Emptr 3 I . Inl Paper(2.40) s 727 | Seneca Copper. . Management Bank Official Has Birthday. British Emp 1% A5t paproe (1) 108 e . C. J. Gockeler, vice president of the | Bklyn-Edison (8 227 22 o : $ 5 Service District National Bank and secretary | Bklyn-Man (4).. 67 i At 9 SheUniges | of the Washington Stock Exchinge,| BKklyn-Man vf(s 88 y Tel (6) 163 163 SLatGsa (ay o ; X : —is directed toward the celebrated another birthday yesterday, | BkIva Un Gas(6: 151 5 r P e D \...,,,..‘.‘r.. iy accomplishment of every being congratulated by a host of friends, | SrownShoeiz}) 481 48 : \ ; /Py it | B A BHIm TR ity aid’s S . He was also deluged with postal cards | Brunswic it | Sinelair pf (8). e 1.10° " o) z [2 his Hrunswick Ter.. 19% Jewel Tea (4)... maximum income on his in e Ts.a meraberof the meara 7 | Bucyrus-Erle (1) 274 283 'n | Johns-Maran3) Ask for this new Booklet “THE SUCCESS PLAN” Skeily Oil (2)... : . - Ya | Smider Packg Co 15 e e vestment. We recognize Trade, Chamber of Comme: Bucyruscv (2%) 36% ' | Jones Bros Tea. no detail of management || Press Club, Blue n?a:e‘m Rod " ::: E’:a'xi Burroughs(t4).. 158% . 59% | Jones & Lau (7). 12 2 2 33‘3::?1‘:;1‘:'{)' 3 $6% 3 SHORT-TERM SECURITIES. as either too small or too Club and ' many business and civic | Busb Tern ( Kan City South. Y South Calif Ed.. (Reoorted by J. & W. Selisman & Co.) insignificant to command organizations. He is one of the most {KlnCBoulu). South Datries A. - Alis Chulmers Ss 1037 o o nstaking attention. Con- regular attendants at all sessions of the 3 1 | KayserJd (4)... T2 3 '3 | South Dairies B. Alum. Co. of Amer. 8s if8 e bt At local Stock Exchange and has held his 103% 109 Kayser (rights). % ° South Pac (6) : 21t | Amer: Tel & TelCo 45 1uan ou gation. W present office as secretary for several 2 5% | Keith-Albee-Orp Southern Ry 1 ) "‘b years as well as being a member of the By Producia i1} Ki 23 3 South Ry pf (5). Baltimore & board of governors. He is 52, Calit P’m“(ll”‘ ; 4% 13 . 2 R Spaulding vt (7) Heard in Financial District. e e . o Ry et b 1 | pSharies Carroll Morgan, head of the 2 25 6 SWUG&E (3%). B4l i av | Cortmbe L #, S 10K nd department o! M. P. Mur- | Calui 3 < L 6 8| 8 phy & Co., was the happiest man in the | Calu & Hecla (2) 20% 3y 2 o 2em | Sta gn’lh‘:“" 5 0" financial district today. A son arrived | CanDry G Ale(3) 65% N3 ! 5% | Std Millg pf (6). 108% in his household at 5 o’tlock this morn- | Can Pacific (10) 211% 2 StandO Calizl) 56 ing | Car CI&O sta(5) 104% b OTn B0 oo I'SWOILNI(T1) 39 Beveral friends from New Jersey are | CaseThreshg(8) :71% 279% bl 4 i St OINY(1.60) 0% expected 10 be among the guests at | Cent Alloy (2).. 30 Lenighlali3s) 53 3 the dinner to be tendered President | Cent Alloy pf (1) 110 Labn R WInkie) St PIGlass pf.. 24 eph Bchiavone of the International | Cero de Pasco(d) 63% 63 9% 83n1 ooy 100y, sel + | Sterik Prod(17). 143w Exchange Bank, at the Willard this | Certain-Teed (4) 06'a Lig&MyersB(15) 1 mu i evening | Certo Corpn(14) 734 A ATaRitaY - Members of the Becurity Club, who | Ches & Ohlo(10) 197% L Carb (3.60), Studebuker (6). will present its seventh annual play | C & O Corpn (3). 177 Loew’s ing (3}, 9 . - Studebak pt (7). at the Wardman Park Hotel on Thurs- | Chi & Alton..... Lonwine be(s ) 3 Submarine Boat. day evening, include Miss Clara L.|Chi& Altou of.. 6 1 | Sun O11 (n1), . 10 Gainor, Alfred W. Sherman, Miss Ruth | Chi & kast 11l pt Loo Y » Superior Ol [ E p - & Rubber ‘\.. |n Wb Gochenor, Miss Margaret J. Buckley, Great West, 124 Superior Steel. . Whosmemng 6280 Willard H. Highie, Denis E. Connell, | Chi Gt West pf. 2 . aa Swoots of Amer. 13 : wheative e €5 $3 Miss Eva M. Johnson, Raymond D.|ChiMil&StP.. 25 2 Symington Cl A, 3 Lewis and William A. Cady. The com- | Chi Mil & SLP pt 2 “ mittee is made up of Miss Margaret | Chi & Nwn (4).. 5 it e Telautogh (80c). | Buckley, chairman; Messrs. Cady, | Chi Pne Tool (8) 133 S B - : 4 bper (1) | Lewis and Kenneth J. Winfield | Cht RI&Pac (6). 111% 111k L | oo () : Femas Cacys (41 > 202 ’ Rapid spread among State banking | C R 1 & P uf (6) 1024 102 1024 102Y [ McCal 2 . ult Sul ¢ Unconditionally departments of the requirement that | CHi&op pt(7).. 109% 110 110 | McCrory A (2) 5 |1 2 Ward Bak pf (1) FNHIS new booklgt, just published by the Real Estate Mortgage & Guaranty Cor- poration, charts a clear course to financial mdependence for any man or woman who has the will to save and the perseverance to follow a plan of systematic investment in safe securities, Cunrantoed | banks under their jurisdiction maintain | Ch1 Yel Cab(3).. 36 b B4%e| McCrory B (2).. K 4 i N 15 WA PR o yuaranteed credit files on sl borrowers with un- | Cl 2.40). an 44y 444 | McCrory vt (8 Land 1 Warner-Quin() | cured loans of $500 or more is re- | WHla o B¥b Wi 3Aw | Mack Truck (6). B3l W o Thatcher Mfk.. 26 Whreon Bredte). EHIND each 62,7 IN. veajed by an investigation Just con- | Christd B (1.20). 117 117 117 | Mackay (7). The Fair (2.40), h Warrenist pf(3) B SURED. MORFCACE cluded by the public service committee | Chrysler Cor (3) 63% 64 63 634 | Muckay pf (4),. B2 t | Third Avenue. .. ! X Web & Hell..... ‘ RED MORTGAGE of the State Bank Div | City Stores (B). B7% 7% #T% | Mad Sa Ur (1%) E 2 Tidewuter AsOll, 1¢ ‘s | W Penn K1 pf(8) 100% 100% | ion, American BOND of the Federal Se Bankers' Association [ Ciuett Peut (6). 99 991, 99 | Magme Cop (3). TIAWASOIE(8) i ¥ W Penn I ot (1 [TE eority & Mortgage Com . Coca-Coln (6). n 1880 187w Mulllllwnlfl:?,.'.. 2% 2 l‘lml-n;;flh oo 1250 12 p West DairyA(¢) 84’ pany ie not only the safet * & A o 964 | Mallison pf (7)., 0% Tobae Prod (m). § b orp Dairy B Sis S¥ia '..nmd by adequate .: FOREIGN EXCHANGE. | 2 102% 10214 { Man El 8up (b). 64 | Pobac I'rod A (7 2 Maryland. q6% bvind oo Baiiai ol & ished by Wb Hibin & Co ) | Bl 1 m g (d5) Transcont Oll... K “ 8 [ Paoifio, ... W . sy i euld gelling checks | © ST 2 W 304 | Transue & W(1) 3 B0 onservative eompany, bu Vw44 trduy > 90 o 64, the unconditional gosran b M - g T - Udwd-EI ¥ (4 A L) 2 tee that wctually insures ¥ I ComCred 151 6% . 3 b " Weatinghee (). 1008 the paymemt of principal *o % Com Ct pt B (2) 2 4 : | Westhse 1at (4) 1084 and interest Com iny Tr 3.60, W 679 | Marth 0 Weston Kleotrio 1% . Com In Tr pf 6% 96 | Mathieson Aul) 21 A 130% i White Eakle (3) 6% INSUEED MORT i us Com Bolenta(¥) 1774 | May Deut 8(4) » S0% b’n‘ln_‘fln ol ¥ % | White Motors(1) LACE BONDS sre uncon : g ‘ [ P %) 1% | Maytag (13) ! I [ AR 210 | White Rock(13). 87 Cioiomalle o i pus Ve ! P . 50% | MetroG pf(1.89) 25’ i UnitedBing1.60). 7 AR Maeh - 0% didonelly guiranised by M y 6% % Zbw 26 | Mexican Beab. B S| UtdCkrstCRoe) 1 White 8M pE(4). 61 the bqunsble Surety Com or 75 | Mimmi Cop (1) I8 | Utd Cyr St pfi8) 1083, pany of New York, under Mid-Continent 2L 4 2 267 | United Druk (9) 208 be supervicion of the New oans s | Concigprpfi64) Utd Bruitirs ) state Insurane De NEW YOWK. March 20 (4" Foreign | .. Dnatribut 1% ) USQLPAR(18) : Witaon Co bf A partment exchanges firm; quotations (n cents) | Consol e 16).. 140 -t Wilson & C Greal Britain, demand, 4877, cables, | o, am uf(6) 102% i i ) M“";" rt Al Woolworti 4585 60-day bills on banks, 484 1-16 | Conttitube f 8 0% W o 1 ¥ | U 8 IndAlS ut( Worthn Pump. . Maturities 2 1o 19 ¥ ears Prance, demand, 393, cables, 303Y, | conn Tastie pind U S Leather ... u Waorth Pump (A Italy. demand. 526, « 5 Comtainer A 120 24 24 4 U8 Leather A.. worth Pump (8 L. U H Lea pr pf(7) Wrikht Asro (3). BN i this Coupon TODAY Demand Belglum, 1393, Germany ner B 60c, 11% ot/ & /4 12390. Holland, 40.23% Norway, 2669 4 Y Hes s Wrikley W 134 Bweden, 2682, enmark, 26.79) P k Mo K&'Tex f(1) 108 Federal || it sami i | L L A A FH it L 13205 Poland. 1135, Crechoslovakia, | Cont " oh% .| Miasouri Pae ot 211 2 Younusta Umay 7 296',. Jugosiavia, 196, Austria, 1410 422.4..1: w121 12 s Montans Pow (b 16 ity 160% L60 7 Ilwrly Sules o0 N, X, Muflul Rumania, 62, Argenting, 4280 Brazil | Cone tusur 8).. % ® o | Montamry Witk 1881 140 13dw 140 8 ool 8 (00 H4400 13 1,500 12.00. Tokin, 4690, Bhanghal, 6343%; | Conr Mont (80e) 104, Maon Molor . 414 | Unt Leaf Tobid N 0B 000 2w 1411 K iStreet N Montreal, 100.0615 o s - (s i Uni Five & R WASHIKNGTON.D.C ol o o Pron (980, Th% 1 't = e ov - 3 Cor ron pl Py A LV VSE ST ERIE REPORTS SURPLUS B [red ne 10y 20 Motor Whi ¢4) 2 LA ol e your ciscades o9 Coty lno (86)... 144 144 ] suitine me Y n NEW YORK, March 20 (4% 'The | Cruaibiessieel (6 6t b | stunsingwr () Erie Wallroad had surplus of $62892 for | Cobe Cane Sukar il [ b U R4 M vietoronr ) 1ae Frirunry alber churges, agalnst u deficlt | Cuns Cane Su uf 7 AN (3 Vietor pr pf (7). 10K 1084 .“m. of 8313168 In February last year Ao Campany E; k: 2 Nash Mot (16%) 4 O ) . 1% N i of 8390 675 was shown for the | C I 80) bl a dfia wo ot ) y Bgalnst " AmS iy E 2 ' > . o 21 of $1,178,199 & year ago, uban Am pET) 102y Dy 1025 .6 W Gdh 6 o KT e T W sk It shows how rapidly vour money may be made to multiply itself When invested regu- larly in Guaranty First Mortgage Securi. ties at 0%, and explains the plan whered- you may get 6% on your savings by pur- chasing these securities—in $1,000, $300 and $250 denominations—by payments extended over ten months, PP N, First mortgages on completed properties in and near Washington are your security, and this Corporation pl.\m\ its own ¢ npxul re- sources of over 400000 at stake in an unequivocal guarantee of full payment of principal and mterest, York Call or write for a copy of the bookiet today REAL ESTATE MORTGAGE & GUARANTY CORPORATION 26 JACKSON PLACE a8, Capital Resources $3,400,000 B e - o R A N R