Evening Star Newspaper, April 11, 1928, Page 13

FINANCIAD /LOWYELDBON) | e BONDS o e Received by Private Wire Direct to The Star Office TRADE RESTRICTED Six Per Cent Money Rate Is Factor in Market—Ital- ian Issues Active. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK Apnl 11.—The 6 per cent renewal rate for call money today, un- | familiar during a period of broad and rising markets for investments for the past year and a half, did not disturb those domestic issues that move with stocks or the high coupon foreign obli- gations. It did. however, have a ten- dency to restrict operations in bonds of low vield where competition with day- Joans is an important factor. range of such bonds leads able amount of discussion as to whether they have mnot reached their peak. An inqu'ty into this situa- tion reveals the fact that quite a num- ber of institutional bu have with- | drawn from the market the past two | weeks on the theory that prices are high | snd that firm money rates will bring | down the price level to a point where they will be willing to resume their | purchases. Affecting Utility List. (Sales wre Lib 34%s Lib 1st44s Lib1-244s Lib3d 4% Lib ath4 ks US3H{s a3 USS¥s... U S 451944, US4Kss2. 13 10 2 8 Argentine 6s.Ju 69. Argentine 6s Octbd 23 Argentine 68 A. 13 Argentine fs B. Australia §s 195, Austria 7s... Bank of Chile Beigium 6s... Belgium 6%s. . Belgium 7s 1955 Beigium 7s 1956 Belgium 7% Belgium 8s. Bolivia §: Bordeaux s Brazil 6145 1926 Brazil 61¢s 1 Brazil Rrazil 88 Bremen State Buenos Aires 78 §7. Buenos Aires 7s 58 Canada 6s 1931, Canada 58 1952, Canada 5%s 1929, 3 1= 2 os. High. 110 21 115 20 FOREIGN. L 101 108 102 1004 100% 100% 5 100w 1004 1014 107% 1014 110 13 11513 UNITED STATES. Il' $1.000.) oW, [ 288, 1017 10215 1023 100 11 10 10312 10219 107 20 1n 11 10014 100 1004 100 100% 107% 10819 1064 1164 110% 106% 101 08% 98y 102% 112% 102% 100 1004 101 107 101% 102% 013 513 100% 1003 1004 100 984 1088 984 100% 107% 1081y 1061 1157 111 106% 101 99 9 1021 1n2% 10 100 1004 101 107 Southwest Bell 5s. United Drug bs 63 Utah Pow & Lt Warner Sug 7s 39 Westn Unilon 6%s \Westinghouse bs. Yngstn S&T bs wi Atchison ad) 4 Stand O1l N J 65 46 Sug East Orfent 7s. TennklecPow 65 47 39 107% Vertientes Sug 7s. West Elec 68...... Wilson & Co 1st 68. Atchison gen 48, .. Atlantic C L 1st ds. AtlanC L 4%s 64.. Atl & Dan 1st 43 43 Atl & Dan 2d 4s 48. B &0 Gold 4 B& O 1st bs ot {B&OTrf imp B & O SW 58 50. B&OPLEWY 4s. 2% | B & O Toledo 4s. .. Bang & Aroos 4s 51 Brdwy & Tth Av §s Brooklyn Elec 6148 BkiynElevated 6148 101% ; Bklyn Manhat 6s.. 1027 Buff R & Pitt 448, Quotations to 2:55 p.m.—~Final Quotations in 5:30 Edition, Sales High. Low. 2:85. 1 106% 5 103% 1 100 a5 99% 63 4 71001 9, 9014 81041 7 112y 5 104% 5 1041 18 101 RAILROAD. At&SF ovt 48 05-65 Laaranan 100 103% 108% 1074y 111% 105 95% g oo 9% 97 100 3% 106t 103'% 100% 108+ 102% 100% 901 104 1121 104 104% 100" 934 95% 100 103'% 103% 1070 110% 105 106% 1031 100% 1074 99% 924 102% 109 102% 1004 9015 104% 11214 104 104% 101 9344 WEATHER HAMPERS TRADE IN MARKET Louisiana Strawberries One of Feature Offerings by Wholesalers Today. Another snow and rain, repetition of yesterday's weather, made trading in the Center Market wholesale district slow this morning. Business was not especially draggy, | however, according to reports, and it is | expected that improved weather condi- tions will mean improvement in trading. Local dealers this morning had straw- berries from Louisiana growers, 24-quart crates of Klondikes selling at $4.50 and $5, and some Florida berries are still being received. Moderate supplies of oranges and light supplies of grapefruit were re= ported this morning and dealers report- ed fairly large quantities of pineapples having been received the past few days. There were light supplies of Florida tomatoes. Originals were quoted at from $3 to $6.50, while fancy count, re- | packed in Baltimore, sold as high as $7.50. Prices of most commodities to- day were about the same as prices quoted yesterday. Today’s Wholesale Prices. D. C, WEDNESDAY, APRIL 11, EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Rallroad Organizations. The present favorable outlook for the Chicago, Milwaukee, St. Paul & Pacific Rallroad, successor to the‘old Chicago, Milwaukee & St. Paul, illustrates the benefits so often experienced by & thoroughgoing reorganization. The St. Paul, as it is known in Wall Street or the Milwaukee as it is termed in railroad circles, went into the hands | of a receiver on March 18, 1925. The Interstate Commerce Commission ap- proved the reorganization plan January 10, 1928, and by order of the court the old road passed out of existence March 21 last. The troubles of the St. Paul have been generally ascibed to the Pacific Coast extension, an enterprise which the re- sult proved traffic conditions did not warrant. Competition of the Panama Canal and depressed agriculture and business conditions in the Northwest accentuated by the war were factors. Whatever the exact reasons may have been, during the receivership funds which ordinarily would have gone to pay interest were used to build up the property, putting it in its present physi- cal condition and paving the way for largely increased net earnings once the rehabilitation process has been com- pleted. ‘This Is the story of many other Amer- ican railway reorganizations. It seems incredible now when the Atchison is regarded as the premier railroad prop- erty and its common stock ranks in the | sistant Secretary of the Federal Depart- 1928. PACKERS’ MEETING. Discuss Crop Conditions and Out- look at Baltimore Parley. Spacial Dispatch to The Star. BALTIMORE, April 11.—Crop con- | ditions and prospects in Maryland, | Delaware and New Jersey will be| among the subjects discussed at the| Spring meeting of the Tri-State Pack- ers’ Association here tomorrow and Fri- day. Speakers include Lloyd S. Tenny, As- ment of Agriculture; Frank E. Gorrell, | secretary of the National Canners' As- sociation, and Dr. F. C. Gaylord, horti- culturist at Purdue University. H. 8. Yohe, administrator of the Fed- eral warehouse act, will talk at the closing session Friday. | INGOT OUTPUT DOWN. || NEW YORK, April 11 (4 —Steel ingot | | production last week declined slightls the average for the entire industry be ing 847, per cent against 85 per cent a week ago and 84!5 per cent two weeks ago. The U, S. Steel Corporation's sub- sidiarles are at 891, per cent against | slightly more than 90 per cent in the | two preceding weeks. Independents ! are operating above 80 per cent. . | SOFT COAL OUTPUT. i NEW YORK. April 11 (#).—Bitu- | minous coal production in the United | States during the week ended April 7 is estimated at 7,275,000 net tons by the | Natlonal Coal Association, compared with 9,312,000 net tons the week before, | as reported by the Bureau of Mines. FINANCIAT,” 1831—Nearly 100 Years Old—1928 The Potomac Insurance Company of the District of Columbia Home Office 900-6 F St. N.W., Washington, D. C. Cash Capital ... $500,000.00 Surplus oo osso 1,178,629.29 Surplus to Policy Holders. ... ... 1,678,629.29 Total Assets ... ... 3,185,879.30 This old company has uninterruptedly. maintained its home office in Washington since 1831, and is prepared to write all forms of fire insurance and its allied branches. Full cover automobile policies issued, including damage from windstorm and fal trees. Agents throughout the city. Geo. W. White, Pres. Alex. K. Phillips, Sec'y. Thes. C. Moore, Vice-Pres. J. W. Lawler, Ass’t Sec’y. JOHN JOY EDSON, President WALTER S. PRATT, Jr,, Secretary Organized 1879 48th YEAR COMPLETED . $5292,042.70 Surplus .......... ..$1,511,115.87 Subscriptions for the 94th Issue of Stock Being Received Save Today—Have Tomorrow D E———— Equitable Co-Operative Building Ass’'n Butter—One-pound prints, 47a47%3; tub, 44';a45'y; store packed, 30. Eggs—Fresh selected, 28a29; hennery, 29a30; current receipts, 27. Poultry, ali chickens, 35 17a18; duc 75 old, 35. Dr¢ Spring chickens. small, 25026; “This is affecting the public utility list somewhat, now that the news is out concerning measures for making them legal. One of the developments is the issuance of a fair volume of 6 per cent public utility preferred stocks to meet & demand that has not been satisfled by bond yields. Several such issues were offered today. The activity in Italian bonds con- tinued today., with the government 7s at par. These bonds are not redeem- able until 1941 except for the sinking fund, which has been buying them irom time to time while they have been at a discount. City of Rome 6!s sold again around 96. These bonds are re- deemable after April 1, 1937, at par and may be purchased for the sinking fund at or below par. The same is true of the City of Milan 6ss. The Italian fmun is benefiting from the prospect of jower discounts in Italy which will be followed by further dollar issues. German, Brazilian, Peruvian, Greek and Prench loans were easier. Chilean obligations, however, were strong and near the top. The Australian 5s dupli- cated their previous high of the year. Traction Bonds Stronger. The strongest feature on the domestic | market was to be found in the numer- | ous New York traction bonds in which there was a revival of speculation. This carried them up an average of nearly a point to the best figures in most cases on this movement. Chicago Railway 5s had a t gain. There was a heavy turnover Anaconda Copper convert- ible 7s between 128 and 130, and with numerous “seller 7" transactions, two points under regular sales. Andes Cop- per 7s, United States Rubber 5s, Hud- son Coal 5s, and Dodge 6s were all vy. In the rail list there was a’decline of & point each in Seaboard Air Line 6s, and Florida East Coast 5s. The comment of the examiner for the Inter- state Commerce Commission on the sea- board situation was not helpful to the market for these bonds. Other rails were quiet and fractionally lower. United States Government issues slightly off. 1108 1097 100 998 102% 11 11y 110% 110% 105 103% 10: 103% 103% 113% 101 109 1084 118% 107 100% 105 0% 101% 102 9% 9 944 104 101 110% 1093 100% 994 102% 11 111% 110% 110% 105 100% 101 Can Nat 413830, Can Nat4}5867... Canad North 6% Canad North Canad Pac del Can Pac 433 46... Car Clinch&0 6s 62 Central of Ga 6s... Central Pacific 4s.. | Cent Pac 1st 63 90. { Chesa Corp 58 w 1. Ches & O cv 4%48.. Ches & O gn 413s.. Chi B&Q gen 4353, 1 CB&Q4HsTTB ChiB & Qlstrt front of rallway investment securities that this road should also have gone through reorganization, but the fact is that the Atchison was sold under foreclosure in December, 1895, Many other railroads have gone hrough this experlence, emerging there- from to enter upon a long career of prosperity. It is to be hoped that this will be the case with the St. Paul, but investors should not expect too much. | Time is necessary. =i e DIVIDENDS. Con Pow Japan 7s Copenhagen bs ct. Cuba b%s. Czecho 85 1951 Czecho 83 62...... Danish Munic 8s A Danish Munic 8s B Denmark ! e BB an2i Bl B0, There are lots of ways to spend money, but only.one way to SAVE it—and that’s the SYSTEMATIC way! Don’t just live for TODAY— start in now to build for the FUTURE! Start an account here. 915 F Street * Co v Reacon Ol bt . Elec Iny $8 pi 1 1094 101% 10 95% 6 104 49 100 45 100% 1 10218 6% e ;_broile : small, DEI5%s Nov5s3.. Dutch East 163 47, Dutch East 168 62. El Saivador 88 48., Finland 7s.. Framerican T%s. French 7s.... 100% 102% 100% 102 96% Beef, 20a22; veal, loins, 19a20; fres shoulders, 13al smoked shoulders, 13a14; lambs, Meats, fresh kille 20a24; lamb, 30a35 1 1, | hams, 19a20; fresh 1 smoked hams. 23 894 14; bacon, 20a22; calves, R 1. 69% 97 0% 102% 103 11 113% 104% BNt T e POTATO MARKET STRONG. CHICAGO, April 11 (#) (United States Department of Agriculture) . —Potatoes- Receipts, 51 cars; on track, 411; total United States shipments, 570 cars; old stock strong on best; fair to good trad- ing; demand especially good on North- ern No. 1. Wisconsin, sacked round whites, 2.00a2.15, mostly 2.05a2.15; Min- nesota, sacked round whites, 1.75a1.9 ungraded, 1.40a1.70; Idaho, sacked rus- sets, No. 1, 200a2.15; commercial, 1.75 down; new stock, demand better, market strong; Texas, sacked Bliss Triumps, 5.75a6.00: Florida, barrel Spalding Rose, 11.00 mostly. GE LOANS ANY AMOUNT Secured by real estata in D. C.. nearby Md. and Va Prevailing Interest and Commission KENNETH M. LIVINGSTOY 505 American Bld F S Main 700 and 5612 &I ChiGt West 48 59. CM&SLP 5s (new). 343 CM&SEP adj (new) 1263 30 Fruit and Vegetable Review. Today's market report on fruits and | vegetables compiled by the Market News Service Bureau of Agricultural Economics says: Apples—Supplies light: demand light, market dull: barrels, Virginia, U. S. No. 1, 2'4 inches up, Winesaps, 8.50a 9.00; boxes, medium to large size, Cali- fornia, extra fancy yellow Newtons, fair quality and condition, 3.00; Washing- ton, extra fancy Winesaps. 3.5024.00; bushel baskets, Virginia, U. 8. No. 1, 2!} inches up, Winesaps, 3.00. Asparagus—Supplies moderate; de- mand limited, market about steady: South Carolina and Georgia, dozen bunch crates, green, very large siz 4.00a4.50; mostly 4.50; large size, 3.50; medium ’size, 2.00a2.50; white, large size, 300: fine quality and condition, very large size, 6.50; large size, 5.50 a6.00; medium size, 4.50a5.50; small size, 3.50. Cabbage—Supplies light; demand light, market firm; Florida, 115-bushel hampers, pointed type, 2.50a2.75; mostly | around 2.50; Texas, bulk per ton, round type. 65.00. Celery—Supplies moderate; demand moderate, market steady; Florida, 10- inch crates, 3; dozen, 3.00a3.25; 6 dozen, 3.50a3.75. mostly 3.50. H Lettuce—Supplies of Western stock | moderate; demand light, market steady; Arizona, crates, Iceberg type, 4-dozen,|ixs 3 mostly around 3.50; supplies of South-|::’% S ern stock very light; demand light, mar- | 3134 Der. 15 ket steady; Florida, 1';-bushel hampers, | ss—=———————" Big Boston type, fair quality and condi- | tion, 2.00. | Onion Market Dull. Onions—Supplies light; demand light, { market dull; few sales, Idaho, 100- | pound sacks, yellows, U. 8. No. 1, large size, 4.35a4.50; Michigan, 100-pound sacks, yellows, United States No. 1, large size, 4.25. | Poulurs—su[)plles of old stock mod- erate; demand light, market dull; Mich- igan, 150-pound sacks Russet Rurals, | U. 8. No. 1, 400a4.15; Minnesota, 150- | pound sacks, round whites, U. 8. No. 1, 4.00; supplies of new stock light; de-| mand light, market steady: Florida, double-head barrels Spaulding Rose, | U. 8. No. 1, 1450a14.75. Spinach—Supplies light; demand 103 103% 11l 113% Fomds: to Bend 5% Wm. H. Saunders Co., Inc. Loan Correspondent Provident Mutual Life Insurance Co. 1433 K Street Main 1016 Chi NW 41s 2037, 2 Chi & NW ref bs. 3 Mortgages Investments JAMES Y. PENNEBAKER Member Washington Real Estate Board v vy 944 104% 1014 Italy Pudb 7s. Japanese 4s. 5s. ChiR1&Prfds CRI1Pac4ls wi. ChiUn Sta 4% Chi Unlon Sta Chi Union Sta 6% s Chi& W Ind cn 4 C& W I5%s CCC&StL 4% CCC&StLrt Clev Term 58 Clev Term 5% C&Sist4as2y Colo & Sou 4% Cuba RR 7% Cuba Nor 58 cts. D& Hudev5s35.. Del & Hud 5% Del & Hud 78 30, 104% 1174 92% 105 105 100% 100% 1004 101 107 107 1094 109% 9% 997 98% 8% 110 110 | 9% 9Th 101% 105% 105 93% Main 5328 1520 K St. N.W. Large and Small Amounts on Residences Business Property Apartment Houses For 3 or 5 Years Without Curtailment 2 27 397 94 103% 103% 024 1024 106 141063 | 9% 96 95% 9% 1024 102% 1014 101% 10213 102% 1024 102% 102% 102% 104% 104% 100 100 103% 103% FEDERAL LAND BANK BONDS. Rate—Maturity Ba May 1041.31 1 e 40 944 Montevideo 7 Netherlands YR TS T - (3 P e 233332850 SHi= 8% 110 98 101°% 1054 105 u8% uan BN o8k 113% P 108% 115% 100% 100 108 111% 116% 3% 101% 105% 105 93% ik Bik 98 113% 90% 108% 115% 100% 100% 108% 111% 116 3% Norway 63 1952. Orient Dev deb §: Paris-Ly-Med Paris-Ly-Med 7s. Paris-Orleans 7s. Peru 6367 w 1. B i AT T T, D Rio G West 5s Erie Gen ¢3....... Erlecvt 5s 67w TREASURY ES. (Reported by J & W. Seligman & Co.) 108% 115% 100 100% 108 1% 15 3% Gr Trunk stdb Grand Trunk 7 Gt Nor 4% 76 D, Grt Northn 4 %48 E. Great North bs.... Great North 6%s.. Great Nor gen 7s.. Hav El Ry %8 51. Hud & Man ref b Hud & Man aj 5s. Il Cent 4%s 86. 111 Cent Chi 4348, Int Rapid Tran 6s. IntRapTr 68 stpd. . 432 ALLTREADS LEHMAN'S TIRE SHOP 923 H St N.W, 12th and K S RS Lo g % Queensland 65 Queensland 7s. RiodeJan 8s 1946, 3 Rome 6%45........105 | City of SanPauloss 11 Sao Paulo 85 1936.. 5 Sao Paulo 1960.... 4 Saxon (PW) T Seine 7s 42 LIFE $5.000 INSURANCE Protect your family—Send d: at, birth for a Low Cost iust $ National Press Building Washington, D. C. National Press Building Corporatien First (Closed) Mortgage Sinking Fund 51,9, Gold Bonds Dated April 15, 1928 Interest payable April 1S and October 15 at the office of Harris, Porbes & Co., New York and and Harris Trust & Savings Bank, Chicago. Coupon Bonds in denominations MN,MOSMn' g i only. Redeemable on any interest date upon thirty days’ 185, 1933; thereafter at various reductions in the redemption 103% | Int Ry C Am 63 103% | Int Ry C A 6%sret Cent rt 4 Let us have your applications for LOANS ON REAL ||| ESTATE i ' s Immediate Action Utd Kingm § G Kansas City S bs.. Courteous Treatment Utd Steam Copen Kan City Term 4 Our record of 35 years speaks ||| Urusuay 8 Shore 4s 28.. light. market steady: Texas, bushel Pty ity Yokohama 65w i.. Lake Shore 48 31.. I aikate Bavoy Gme. L35 | Lehigh Val cn 4 91 | *8er v it s ika. | P H R | MISCELLANEOUS. Str wi_rries—Supplies moderate; de- | ercy Ii. ll’ie“ Co. Long s rf 48 49. ! s Am AgriChem 1345 6 106% 105% mand slow, market dull, and slightly 926 15th St. N.W. long Island 58 37.. or 24 -1 L promneaticy g B 2o rinfbed weake:; Louisiana, 24-pint crates, Klon- | 2 Real Estate Louis&Nash uni 4s 1 o Na dikes, mostly 450 Louisiana, pony re- 108% 108% Louls & Nash 78 frigerators, Missionarys and 32-quart 105% 105% Loans On Improved i ves crates, M islonarys, mostly around 40! Property 5% ingy omatoes—Supplies light; _demand Interest - Bush Term Bldg 68 . 5 modera market steady: Originals, 109% 109% Florida, 6s, ripes and turning, wrapped, 101 101 | x | Satisfactory Terms ||| cuiie coppersa... | Col Gas&El deb bs. ” fanc count, 6.00a6. few high as SRR ok 6.50; choice count, 5.0 131 128% - MK&T prinbs s n New York City, 3s, ripes, wrapped, | 103 Mo Pacific gen ¢ s falr quality and condition, trading slow; 102% - Mont Trm ref 68 41 hampers, green, generally fair quality | 104 and condition, mostly around 3.00. | 1038% | A Con Coal Md 1t bs, AVELIL DI Con Gas N ¥ 648, | REALTORS 809 15th St. Dery (D G) 16 DetroitEdison Kast Cuba Bug 1%4% Fisk Rubber § 13 Due April 15, 1950 105% 99% 105 108% 109% 101 106% | 130 134 v2 wyia 99 105% 1034 | Market St 78 40.... Mich Cen deb 45 29. Mil EIl Ry & L 68 51 Mil Eit Ry & L 68 61 MStP&SSMbs38gtd M StP & SSM 6%, Am Tel & Tel 6%8s. Am Water Wks 68 Anaconda 1st 6s, Anaconda cv db 78,906 Andes Copper 7s. . 193 Armour&Co 4% E Armour Del 6% Associated 01l 6 Atlantic Refin § The mortgage will provide for a cumulative sinking fund to begin Octeber 1S, 1931, which, it is estimated, will retire over $1,000,000 of these Bonds by maturity. TAX PROVISIONS: The Company will agree to pay interest without deduction for any Federal Income Tax not ia excess of 2% fir annum and to refund Pennsylvania Four Mills Tax, Connecticut Four Mills Tax, Maryland Four and One-half Mills Tax, District of Columbia Five Mills Tax, Virginia Five and One-half Mills Tax, California Taxes not to exceed Four Mills and Massachusetts Income Tax mot exceeding 6% per annum, upon application as provided in the Mortgage. 91 103 | 102% | 102 112 | 1015 104 103% 1054 106 270 108% | 9% 101% B0Ys 106% 104% 90% 107 50 101% 6014 100% Boh Y8l For further information regarding the Corporation, these Boads and the security therefor, attention is called to the letter of Mr. John Hays Hammond, President of the Corporation, copies of which will be furnished ea request and from which it will be noted, among other things, that: Property: The National Press Building is the largest privately owned office structure in Washington, D. C, and was erected by the National Press Building Corporation. It was designed to be and has become the national headquarters for the Press and it houses the Washington offices of a large majority of the principal publications in this country, as well as agencies of foreign publications and news agencies. The building occupies a plot at the corner of Fourteenth and F Streets, N.W ‘Washington, D. C,, directly opposite the New Willard Hotel and within ene-half block of Pennsylva Avenue, in the heart of the central executive area containing the White House, United States Treasury, State, War and Navy Departments and many other government buildings. Earnings: Based on a report of leases in force, made by Messrs. Price, Waterhouse and Co. and upon an appraisal of rental values of unoccupied space and a conservative study of operating costs, Messrs. Harry Wardman, James D. Hobbs and Thomas P. Bones estimate the annual earnings of the Corporation te be as follows: 100% Bow Y8l 10380 1094 107% 1074 light, market dull; Indiana, hothouse | stock, 2-dozen crates, extra fancy, 5.00a 5.50. ! Squash Demand Light. Squash — Supplies light; light, market dull: Florida, crates, fancy white, 3.5084.00; 3,0083.50, | Eggplant—Supplies very light; to few sales reported to quote Peppers—Supplies very sales reported to quote. Caulifiower — Supplics light; demand NY Jtyn6s A 66 light, market steady; Callfornia, crates :2.‘: N Y State Ry 4%#8. 30 2.50a2.75, 2 i d 7% | NyStatoRy 634m 63 1 67% 6 o | “Carrots — Supplies light; demand | 10BN | XY W& B 4% light, market steady; Texas, Western 130 | Nor & 8 gen 6 lettuce crates, bunched, most 350, | 108 | Nor Pac 38 2047 Beets—Supplies light: demand light, ]z;:‘.\'orlh.rnb‘acmu i market firm; Texas, Western lettuce | Beth Steel 6. Biklyn Edison b Bklyn Union b%s. . 106 270 104% YTk 101 20 106% 104% 90'% NYCrfim4%s NYCentribs INY nt deb 6s. | NYChi&StL 6% NYC&SLL6s NY NH&H db 48 demand pepper | yellow, | NY NH&H cit 65.. NYOnt W lst4s.. 105% | NY O&W gen 45 56 108 | NY Rys6a6s. . s 43.50; repacked in Baltin Mo Pac b8 A 65. fancy count, cholce count, 3.00. 101% Cucumbers--Supplies light; demand | 106 Consumers Pow b light; too few | Main 9486 || Detroit aison 6 MK&T4s b, origin 65, ripes, wrapped, fancy count, ::’“ MK & T adj 58, 7.25; choice count, 625a6.50; repacked Mo Pac 68 K 17.... String beans—Supplies light; demand 112% Mob&O 4% 77 cts. light, market dull; Florida, 7s-bushel 101% Cuba Cane ts. ... Cuban Am Sug 8§ /) | Dodge és..... —— Donner Steel 78. . 103% 119% 104% 1075 van 96% 100% 1005 9% 106 105 102% 104% VT 118 105 1064 102% 10 106% 124 yah 1% 106% 108% 1% 104 10 LI 104% 106% e 9644 T0% Vi 108 1084 1164 99% 104% IUEEY 112 106 13 106% 90% 12 1z 6104 B 99% 101% Yo% iy 1037n 0% 10l% 100t ik 975 vi wll Goodyear bs ret Hoe & Co 6% Humble Uil bn 1ilinois LBeil 1at bu. Lilinois Steel 4 8. Indiana Steel bn int Mer Marine Int Faper bu 47, Inter Paper 1d 6s. . int Tel&Teleg 4% 1 J Kayser & Co 6% KanCity P& L 6 Kan G & K1 68 62.. Lacledo bs. .. . | Laclede G §'%n 52 Ligg & Myers 6. .. Ligkett & Myers 18 Loriilard 68, .. .0 Loriliard (#) s Louiny G & I s b2 Manati Bug of 1%8 | Miavaie BLeel Mout Fower bn 42 Mont Fower deb bs Mors&Co 18t 4 %8, 100 | Nat Tub 18t 1 N Y ¥dino N Y Kdise NYTelosdl,, NYTe 654, North Am Kdis bs | Nor Btates Fow b d 2 erates, bunched, 3.78 ! Gross Income (estimated as above).. ... et S D eas—Supplies moderate; demand | ( ) light, market ste California, crates, | 5.0005.25; ma U Oranges-— Supplies moderate: demand light, market stendy, Florida, boxes, medium size mostly, ' 6.50; small size discounted; medium size, 6.50; large size dls(;;mlllm:‘ Grapefruit—Supplies light: deman Iight, :mukt'! slightly stronger; Florida, | Security: boxes, medium size, 6,00a6.25; few high as 6.50, | = cessressesias. $893,624 Allowances for Operating Expenses, Maintenance, Insurance and Taxes (excluding Federal Taxes)... 96% | Northern Pac 68 D. 100% | Northern Pacr 1 68 106 i | Ore Bnort Lirfs B £ Tcon 4% 1007 | Penasyl gen 474w, L0y, | Pennayl 108% 97% 118l 105 103% 1020 s 105% 124 ik 1% 106% 10K% 10z e 10w Hhl 104% 106% 11y 1om% 110 104 108% 108% 104% 197m 1044 106 100% 62 100% 106 5 v 106% 106 102% 104% Y% 1% 106 106" 102% 106 105% 124 Wi 1% LYY 108% 102 1045 M0k L) 104% 106% s oy 1% 108 Net Available for Interest, Federal Taxes, etc. (before depreciation)... $678,422 Maximum annual interest charges on these bonds.........cocuvvneen.. $343,750 Pennsyl 6%4» Pennsyl gold 7 Peo & I 1L 48 40 PCCASIL b8 BT6, . A SURPLUS OF SAFETY THE first mongaues are 8o caref 0 that 1 of These Bonds will be secured, in the opinion of counsel, by a First (Closed) Mortgage on the land, building, and fixtures owned in fee. The Real Estate Title Insurance Company of the District of Columbia and the Columbia Title Insurance Company of the District of Columbia will issue their title guarantee policy in the amount of $6,250,000, the total issue under this mortgage, guarantee- ing that the mortgage securing these bonds is a first lien on the real estate owned in fee. Messrs, Harry Wardman, James D. Hobbs and Thomas P. Bones, of the Wardman companies, large building owners ;ng%;;eggou in the City of Washington, D. C, have appraised the entire property at a valuation of 10,792,335, unior to these Bonds there will be $2.200,000 General Mortgage 61:% Ronds, $200,000 Unsec: {\'ults. $1,200,000 Preferred Stock and 20,000 shares Common Stock of no par value. e Rending en 4% Rio G Wel BtLIMAB 48 20... 1 Bl L M&H gn 6831 24 BUL IM&S J&G 4 4 BLL&BKDIANA, 14 HLL &S ¥ prinbs HUL& B I ud) 6 ML &8 ¥ ino L& ¥ W prin BLLo# W st 4 HuLH W eon 4 iz, Ban A&Arn 1 dn.. Heahoard AL 4 sta Houb A Liret 4 Heabh A Lad) [ tenb A L con s, . 1014 BY% 994 101t 969, DOy 1080y 101ty 101 1004 PRICES ON PARIS BOURSE. | PARIS, April 11 (P).—Three per cent renten. 671 francs 35 centimen; 8 per cent loan, B6 francs 55 cenigme change on London, 124 Trancs 2 centimes, The dollar was quoted al 25 francs 40 centimes be- ties thoro safeguarded GILLETTE INCOME RISES. | NEW YORK, April 11 () First quarter net income of Gillette Sal Razor Co. rose 085,375 In the first quarter The regular quarterly dividend of $1.25 was declared We Recommend These Bonds fer lavestment Price 100 and Interest, Yielding 5, H)1HK) 4t stake more than $141 1o i your prine est. Deno $500 4 $29, from 19 scriptive circu REAL ESTATE MORTGAGE & GUARANTY CORPORATION Capital Kesowrces § 3,400,000 6 JACKSON PLACE F1lh by i 9oty 94 100 924 1264 107 1045 0% H1y 1007 079 ity 100% 107 10644 108% We offer these Bonds when, as and {f issued and received by us and subject to the a It is expected that temporary bonds or interim receipts will be ready for delivery on ar it ol ZINC STATISTICS. t April 2§, 1928 NEW YORK, April 11 (4 —Btocks of slab zine on March 1 wede 41,200 short tons and the month's production 55,881 tons, the American Zine Institute re- ports, a total of 97,171 tons, March shipments of 55,042 tons left stocks on March 31 at 41,520 ( Export shipments were 3786 tons, and metal sold, but not delivered, al the end of the month was 26,026 tons, Balen. High, Low, .6 4 100% 1004 Loo'y 10 1044 100 108% 10h 100% 62 107% 1001 0% Yl ok 106 100% Yom 101% years. De- ars on request, Pan-Amer P Faramont 6s 1947 Pathe Kxchunge 18 Feopie's Gas 68, .. Fhila Cobs 6T wi Fullu Cort 68 A, .. PhilakitesdCal be Vor Kie Am'Lob 68 Punte Alegre Tx. .. HeminglonAr s 34 14 | Sluelair 011 68, ... 29 | Binelaie O 64, 21 Binclair 011 1n 4l Sinelair Crude #1n Pipe Line Bissliy Ol b, Bou Ry 8%, xArk K8 64 B & Pacbsllris | rd Averef 4 4 Third Avead) Tol Tr L&V 6% Union Pag . Union Pao 18t of 48 Un 1’6 4 %8 67, Virginia iy 1nt bn Wabash 1568, .., h 20 6800 6876 B 100% ) 107% 100% Harris, Forbes & Company Faxon, Gade & Co. Love, Macomber & Co. 10074 i i 10078 1054 106% 1048 o 1108 Wz 106 101 o5 101 108% 108 108 Gl W Yo 107 1064 oM 97 97 | West Maryland 4n, 12 Bh% RS Kbk i D5 bl Western Md biAn,, 14 1010 1040 104N Western Paoifio fis, t Bhore 4w 2061 4 94 o8 12 wi &L Kendn, & 0% (L] Wilks-H & B 1at 2 7AW ThW WisCongndadd,e. 1 804 B0 87 i