Evening Star Newspaper, February 15, 1929, Page 15

WANTED Resident Physician and Dentist at the Maycroft Apartment 1474 Columbia Road Near 16th Street Apply to Resident Manager or T. B. LAWLER 16 Jackson Place Main 864-865 DONT youlike toturn over your idess for a folder or booklet or other piece of Direct Advertising to an or= ganization whichgraspsthem quickly and thoroughly without a lot of explaining and directing from you? BYRON S. ADAMS Printing * Advertising sz ELEVENTH MAIN 8203 Contmental Truat Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Checques Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets- WADE B. COOPER, President Capital, $1,000,000.00 for you First Mort- by pmpentu in its sub- Gu ?“‘ -simple W % ’..‘.'x‘é‘éy of both A 8250 bond “nieh: purchased on convenien! payments of $28 monthly. Send for illustrated book- | let, “The Success Plan. REALESTATE MORTGAGE & GUARANTY CORPORATION Capital Resources $ 3,400,000 24 JACKSON PLACE Entrust Your Estate to Experienced Hands Frequently estates of sub- stantial proportion are quick- ly lost when in the hands of timse who have no experience in business investments. You will protect the interest of those to whom you are de- voted by naming the Liberty National Bank to act in ElExecutorships mTrusteesl'nps and Other Trusts @ The same intelligent care we exercise in the investment of our own funds would ap- ly to the investment of your und.s LIBERTY NATIONAL with LReltnu: n HIGH-GRADE BONDS DECLINE SLIGHTLY Money Rates Exert Depress- ing Effect on Market—U. S. Issues Steadier. BY CHARLES F. SPEARE. Special Dispateh to The Star. NEW YORK, February 15.—The most is on the market for United States Gov- ernment issues, which were a trifle steadier today following the unusual break of the entire list yesterday. The Liberty 3's went off to a new low for the year and then rallied. Th are now 2 points under the h of Jal vary. The Treasury issues showed lit- tle change. All of them were steadier in tone, but, compared with the best prices for the year, they were down trom 115 to over 3 points. Except sentimentally, this does not result from any selling by the Federal Reserve, for the reason flut the bulk | of its holdings in Government issues are of a short-term character. In amount the latter are much reduced from the totals of a few months ago. The last statement of the Federal Re- serve Bank of New York showed less than $19,000,000 of such securities cn hand compared with $80,000,000 & year ago. The situation is perplexing to the Treasury officials in connection with | thelr heavy refunding operations a month from today. ‘There were numerous fractional de- clines in high-grade bonds today, mod- erate movements upward in the con- vertibles and a number of significant fluctuations in domestic and foreign is- sues. Market Street Railway of . San Francisco 7s broke a point to 89, com- ,gaud with their high of the year of 7%, and were lower than they have been at any time since they were issued five years ago at Knr Hudson Coal 5s went under 79, which represents a loss of nearly 20 points to those who ur- chased them in June, 1927, at the rice of 9813, No effort npp-rently l.s ing made to support this bond in IDM of the hcc that the related com- panies large amount of free capital deflved from the sale of rail- road properties at a substantial profit and which, it is understood, is being loaned in the call money market. Bulgarian 7158 were again urder 90, while Gity ot Warsaw 7, which broke 3 points yesterday to 80, against thexr issue price of 89, advanced 2 points. At the low figure their yield was around 9 Colombian issues have been nkespecmny those of the produced one of the totals ot lml and bond issues on record, with the ratio of stock to bond financing approximately 2 to 1. Bt B TR A SALES. Washington Gn 6s B—$100 at 10415 Washington Rwy. & Elec. 4s—$1, 000 ‘at D at 89%, $1,000 at 89%, 89%, sz $500 at 89%. ©0-—20 at 106%. Electrle 8% pfd—10 at 1081, ‘Washington Rwy. & Elec. pfd—10 at 987, 10 at 98%. Federal-American National Bank—10 at Dliry ptd.—10 at 107. Oravel pfd.—2 at 96, gz 3!(.5".!0&‘ 5%, 10 at 9572, Merchantar Tratafer s Btovsecom 10 at 128. at 104, 10 at Mlufi,ufiéll mgpm at 10414, 20 at | Peoples Drug Stores ptd.—S5 at 138, APTER CALL. UNLISTED DEPT. Chapin Sacks 8% pfd.—5 at 108. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel & Telpa, 47 Amer. Tel, & Wash. ; Wash: Ru. & Eies,'weh mmlovs e m rher. & lm-Vnnhu g Jaln: su»ck 1d. Cold Storage Wash. Cons. ‘Titie o, STOCKS. ash. Rwy. & Eiec. cgmi Wash. Rwy. & Eiec. pfd. NATIONAL BANK. National Capital Co Second National Bank ‘of Waihinaton.. 31 TRUST COMPANIES. American Security & Ttust Co. 472 Gontinental Trust.. lhln:tnn Loan' & Trust SAVINGS BANK. Bank o Betnesdn 53" Wumnmn Securlty Savins Seventn Strect Mechunics FIRE mVRANOI American .. TITLE INSURANCE. Columbia Title. .. Real Estate Titie Title & Inv. Co. of M dom. Wash. Cons. Title pfd.. g MISCELLANEOUS. Barber & Ross, Inc, go Chevy Daigy Bt Ghery Chate DARLRYS Chestnut Farm Dairy b Sand & Gravel ptd Natl. M atl, Mige. & In Peoples Drug Btol Securlty Storage. x dividend. Gains in Shoe Business. NEW YORK, Februaty 16 (#).—In spite of lower prices, shoe manufacturers ness over last year. Two large retail chain systems reported January in- creases of 39.5 per cent and 26.5 per cent over Jnnunry. 1928. ey SILVEE QUOTATIONS. NEW YORK, Febi 18 ().~ silver, S.';"/. Mexican d s, 48 ,fi. serfous effect of the high money rates! Washington Stock Exchange ! R Washington Gas at 101, Ri Potomac Electric m—& at 10835, ” | Chite Co and wetailers are showing gains in busi- | N/ UNITED 8§ Lib 3%s... Lib 1st 4 e Libeth e us 2 97 10 97 14 | 4L Belgium 6s.. Belgium 63 Belgium T4 Belgium Ss. Bolivia 7s. Bolivia 8s Brazil 6%s 1926 Brazil 6143 1927 37 13 Brenien State 7s Canada 5s 1981.... Canada 5s 1952.... Canada 51451929 . Chile 6s 60 Chile 65 '61. Chile 75 1943. Chinese G Christlani Colombia an’61. 11 Con Pow Japan 78.. Copenhagen 4%s 53 20 Copenhagen bsct.. 13 Cuba 5%s.... Czecho 8s 1981 Czecho 8s 1962 Denmark 4 48 Denmark 6s. ... DE15%s Mch 53., Dutch East 1 65 47 Dutch East ] 6s 62 El Salvador 88 Fiat 7s x war 46 Finland 5 Finland 8 13 15 37 y 5s. 1 39 15 1 18 b2 . 8 12 wee 18 Mexico 4s "10 asnt., 48 Milan 6%s. Netherlands (] b%s t\orwny 631948, 27 Norway 68 1944.... 13 Norway 6%s 1958, . Orient Dev 5138 °'57. 33 Paris-Ly-Med Paris-Ly-Me v Paris Orleans B%®. 3 Peru 6567 wi..v.0 33 .4l 1 1 1 Rhinelbe Un RhineWst K 9 43 10 Uruguay 8 Vienna 6s Yokohama 6s w 1 . 30 1 Amagichem T | Am Beet Sug 6835, Am Int Cor 5%8 40 153 9 Am NatGas 8 48'42 AnSmi & R 1st Am Sugar Ref 8 AmT&ToOltrds.. Am T &T el tr bi AmT&Tatbs. Am Tel & Tel n‘-. Am Water Wi Am Wrtg Pap 68’47 Anaconda 18t 68, Anaconda cv db Atlantic RRefin Bell Tel Pa 8, Bell Tel Pa8sC.... Bethlehm Stl pm 68 Beth Steel rt b Beth Steel 5 %8 Bethlehem Steel Bush Term Bldg Certain-Td5 %8 rots [ Colon OIl 68 '38. Col Uas& B! deb Con Coal Md 18t “|ConGasN Y 8% Consumers Pow Cuban Am Sug 8 6 - - ':»:.-v-ue--w»——- uun\DnOA R Itlinots Bell 1st 68 Inland Stl 43%s 78 Intl Cement 65 48 Intl Match s 47 Int Mer Marine Int Paper 58 47. Inter Paper 6s Int Tel&Teleg 4% Int Tel&Tel 4328 cv 15!! Kan City P & L 5s. KanG & E6s52... Lousv G & E 88 53, ManatiSug 8t 118, Mont Pow 0s 483, Mont Power deb 58, Mor's&Co 1st 4%s. Nat Dairy 54s.... Nat Radiator 6%4s. Nor Ohlo Tr & L Nor States Pow TERS. 97 97 . High., Bales. lJulI. ll 100% 100 1 . 7 100% 100 %863, 26 96% 06 83 100% 100 100 30 BT% 87% 98 94% 1 8% B9 2 101 101 5 100% 100% 100% 96 96 «s 19 1004 100 11 107% 107% 11 1014 100% 1004 12 100% 100 105 100 931 43% 88% 88Y 954 88%% 104 103 2 103% 103V 4 103 103% 2 110% 110 04 974 93% 9213 101 20% 0% 100 102% 83 Lev 87 100% 100 8 104% 104 9574 88 8714 102 5 141% 141 9 824 S1u 59 -87% 87 19 97% 97 107 108 2112 15 1081 108 14 8his 884 8?\& '63 12 08% 93w - 93N K 5 100% 100% 1004% A o 22 Pde 94 106 L2 2 106% 106 904 7 108% 7T B0M 2 93% 83 2 9K PIK 9k 8 094 9% 994 18 103% 103% 103% 4 102% 12 103% 102% 102% 15 109% 109 5 1% 1'm 11\ 109 88 95 MISC‘LL‘NEOUS. 4 (Qaine are in $1.000 ) Salgs. High Low Close 43 9725 9718 9718 40 9927 9918 10018 87 0930 9928 9928 97 97 41 10029 10026 10026 107 108 22 10816 10316 89 108 24 10816 10824 FOREIGN. Low. Close. 100 100% 96% 100 99% 100 87% 954 . 95% 94 9% 12 102% 1024 102% 2 0T BT . 28 90k BOu 14 100% 100 32 106% 108% 106% 22 108% 108% 108% 27 108 106% 105% 12 118 3 1094 109% 109% 9% 99% 100% 114% 114% 89 101% | 95% 5% 95% 954 100 4 107% 100 104% 104% 100 100 92% 93 47 984 92% 93k 1 1024 1014 101% 48% 43ty . 14 100% 100% 100W 88 88 4 98% 984 084 88 88Y 95% 95% 9 1031 1034 103% 8 1094 100% 1004 1 109% 109% 109% BB 8BW 103% 104 103 103 10: 110 SM. 93 93% 04 96% 100 96% 9TW 93% 93% 92y 92% sss 88 101% 100% 101 + 10 100% 100% 100% 100% 101 20% 20% 89% 904 99% 100 102% 102% 102% 1024% 2 103% 103% 1034 87 87 100% 141% HZV« 107 104 112 104 Hl 034 Bl 1054 108% 00% 90% 108 0% 9% 1084 1064 B0 RO 93% 1024 102% 109% 100 % Utd Kingm 6148 37, 42 103% 103% 103% 109 8T% 94% 109 8% 95 113% 113% 103 103 105 105 88 88 106% 106% 01% 92 1004 100% % 108% 104 105 818 102% 102 102% | St L 8 W con 48 38, 108% 114w 101 9% 99Y% 103% 104 104 104 106 106% 9% 974 82% 82% 104% 10. 2024 202% 51% 91 1% 91% 69 69 100 100% 104% 104% 107% 107% 100 100 102% 102% 101% 101% 104% 104% 102% 102% 7 5% 95% 96% 110 110% 99% 99% 1% 7% 105 103% 103% 1% 101 1014 101% | N ¥ Cent deb 100 100 o 91 SHINGTON, D. C, [aew vore BONDS rox s TRADING INGREASE Recelved by Private Wire Direst Nor States Pow 68 T Pathe Exchange Phila Co 63 67 w 1. Phila&ReadC&l 5s. Phillps Petro 5%s.. Por Ric am Tob 6s. Postal Tel & C548. Public Service 4% Punta Alegre 7s.... RemingtonAr 6s 32, Rem Rnd 5%s war. Sinolair Ol 6s Sinolatr Oil 6 Sinclair 01l 1s Sinclair Crude Sin Pipe Line 63 Skelly Otl 5488, .40 South Bell Tel bs,. 8o Por Rico Sug 78. Southwest Beli 5s. . Stand Oil N J 68 46. Stand OIIN ¥ 4%s. Sugurkstorienteis. TennkilecPow 68 47 Transcont! O11 6%8 United Drug 68 63., U8 Rub Istrf 8s.. U8 Rud Ths. U S Steel st 6s. Utah Pow & Lt bs. . Utilities Powr 545 Vertientes Sug 7s.. West Eleo 5s...... Westn Union 58 51. Westn Union 6%8s.. Westinghouse 58. .. White Eagle O 5348 Willys-Ov 614833, Wiison & Co 18t 6s. WinRepeatAr %s. 10 108 Yngstn S&T és wi. 1004 RAI\.ROAD. Ann Arbor 4s. ALESK ove 45 05, Arohison ad) ¢ Atchison Ren 48 Atiantia € Lol 4 Atlantic CL 4% B &0 Gold 4s. Bang & Aroos 5 1047 104% 104% | Bonts 48 1124 111% 111% | Brooklyn Klec 6% Brooklyn Elev e!/. 18 108M 106% 1004 | Bklyn Mann 8 1024 1024 102% 2 96% 96% 10 100% 100 6 100% 100% 100% | Canad North 614s. . Nat d%s 54. Nor 4% s 1935 Ca » © o o 0s e R o0 ea 0 I - CM&StPgnsy... ChIM&StP414sC89 . Chl M&StP 4 %48 E. 2 ChIMISP&Pacisis CMSP&Pacad)ssus Chi& NW gn 3%s.. Chi NW 435 2037.. Chi & NW ref 5s... ChiRys5s........ ChiRI&Prf4s... CRI1Pac4les wiia CNTH&SESs... Chi T H inc 65 60... Chi Un Sta 43%s. Chi & W Ind Cuba Not 8 s cts. Del & Hud 78 30. D Rio G West bs DRG & Wat os Det United 43 G RO e S - w cme-CoeSs QGrand Trunk is. Qrt Northn 4% Great North 5 Great Nor gen Green B & W del Hocking Val 4% Llud & Man aj b8 o . e —EKE—o - 4 4% 1 Lem Chidls Int Rapid Tran 8i Int Ry C Am 6: Kansas City 8 Kansas City 8 bs Kan City Term 4 Lake Shore ¢s 31 Long Isrt L Long Is deb 68 ! Louis&Nash unl Market St 18 40..,0 M StP&SSM en 58. . MStP&SSMEalsgtd M St P & 88M M StP & S8M MK&T MK&T MK & T adj MK&Tprin Mo Pacific gen Mo Pac 68 A 65, Mo Pac b8 F 71, Mo Pacific 5s G * Mont Trm ref b8 41. » N ¥ Cent 48 118% 1134% 9 00 102% 108 107% 1074 Ny 92 100 100 101% 101% 104% 104% 92 113% 113% 104% 104% 105'% 105% 101% 101% 99% 100 102% 108% 991 991 87% 88% 95% 95% 81% 81% 100% 101 N N @ T G e B W B i 1D B 000 O S e 00 e e i NH&H ov db 68 38 NYOntWistds,. 1 NYRys6s65..... 122 N Y State Ry 4%s.. NYW&B4%s. Norfolk & W cn 48.. Nor Pac 3s 2047. Northern Pacific 4 Northern Pac £ 168, Pennsyl con 4% Pennsyl gen 4% Penna RR 4% 8 Pennsyl ton o o © alomo EOm R an Vneem S wek e StL IM&S gn b St L 1M&S R& StL&BFpl 4 StL&SF prin StL&S Fr4is 1l - S B All Fla s Sou Pac 4s 29, 8 " Sou Ry Con 5 108% Sales. High. 06 1 108% FRIDAY, FEBRUARY 15, 1929, AT D. C. MARKET Brisk Demand for Fish and Oysters Noted—Vege- tables Plentiful. Dense fog early this morning made vehicular traffic dangerous and diffi- cult, resulting in delay on part of many retallers reaching the wholesale maf ket district. Soon after the sun appear ed, however. the clouds lifted and the traffic situation was relieved to the ex- tent of quickly mcreasing the number of buyers looking for first pick of foodstuffs. There was the usual increased de- mand for maritime products for the Friday dinner trade, and wholesalers at Municipal Fish Market reported fair- ly active trading. Dealers had large quantities of frozen fish to offer the trade and also fairly large quantities of fresh stock, much of the latter coms % | ing from Florida. Demand for Oysters. A fairly good demand for oysters, tered, and shrimp and clams also were in demand. Lobsters were scarce and high. Dealers had a few perch, catfish and carp from the Winter seines along the river below Alexandria. Increased demands for meats and poultry were reported by dealers this ing, supplies of some of the poul- try ers being almost as attractive as displays for the Christmas holiday trade. Fruits and vegetables continued in 1iberal supply and dealers also had at- tractive supplies of vegetables from various parts of the country. were reported cheap for this season. Buter and egg dealers = repoi another slight advance in butter prices and a drop in price of hennery eggs, quoting hennery and fresh selected stock at the same prices, 38 and 40 cents, Today's Wholesale Prices—Jol Prices Slightly Higher. e=pound prints, 51’/352%. o W T Ll " Eggs—Rennsry, m:ah selected, : chickens, 35a38; 38a40; current receipts, 37a38; storage, 30a32. Poultry, afl»—'hu'hn. 35a36; Spring horns, 30a35; owh. 29a30; rooste! ducn geese, 20; keats, Dressed—'rurk ens, 40a42; capons, ll ducks, 32a33; Meu!s fresh killed—Beef, 18a24; vell‘ 25a27; lamb, 26a20; pork loins, 23a28; fresh hams, 23a24; fresh shoulders, 18a 16; smol 25a26; smoked shoulders, ‘ll hmmm)lfi l:lyl;d, n tins, 13a13%;; in packages, 14a. “uve stock—Calves, 16; lambs, 14a 8. Fruit and Vegetable Review. The dally market report on_fruits and vegetables (compiled by the Market News Service Bureau of agricultural economics), says: Apples—Supplies erate; demand light, market dull; els, Virginia, U. 8. No. 1, 2% lnches up, St mostly around 5. S. No. 1, 2% inches up, Yorks, uuled 3.50; bom Washington, medium to large sln. exu‘l fancy, Delicious, 3.50a3.75, mostly 3.50; Romes, mostly 2.50; Jonathan bushel baskets Pmnaylvfinh U.S. No. 1, 3 3). Black Twigs, 1.65, few hig] um:l 2‘3 mehol u) Biul N demmd ll(ht Sunn 4| mand 1 Florldl. 1 type, 1.40a1,68, mostly mnu 1. stock—supplies moderate, demand light, market steady; few New York, sacked, per hundredweight, Danish type; 2. 5032 7:) mostly 2.50. upplies moderate; demand llght mlrkeb slightly weaker; Florida, 10-inch crates, 3-4 dosen and 810 dozen, HDI! 76; 6 doren, 2752328, mostly Lemxcc—-Wesurn suppiies moderate; demand llg.l’:t market steady; Call fornia, cra fcel , 5 dozen, 3.75a4.00; 4 dozen, 4.00a Onions—Supplies ught demand light, xlr(x]x‘a’rkfl lh;g and Ohlo noas.00: ot llanrj 110-pound sacks, yellows, No. 1, Patnmes—Su%m moderate; demand light, market about steady; New York, 7 [ mand light, marke s market allght unh. Ussui‘lo.l N pinach—Supplies moderate; demand light, market about uld Tes hu.!hel Mfl! Savoy as 75, Sweet tatoes—Supplies moderate; aemmand. Tght TaneRer” srou camge! North Carolina, cloth-top barrels, yel- lows, 3.50; bushel baskets, Porto Ric: 175; East Shore Maryland, bushel h.nmpers‘ yellows and Nancy Halls, 2.00a 2.15; mostly around 2.00. Tomto:l&‘.—Suppllu rmnlene;e1 t.‘llo.- market steady; o 3 Florida, 6s, ripes and turnlns. erg‘p-d ;:lr;cyccog‘x:: besat°4 .0084. qu.ll ondition, 3.00a3.50: chnlee good quality and condition, !00!3“ too few sales reported um uj moderate; mlndn’l hl. mnrk‘: cluhfly wenk?r ofldn l‘l, best, 50; qu-my lnd cong , 2.78a potted, 3. 3. W' Pora - suppue- u.ht " demand d\g,ll lorida, pepper crates, fancy, 3.508 Squash—Supples light: market -boung-u:d;‘ .‘," gl rida, pep) :ré;om white, wrapped, 4.00a4.25; K", bers—Su| hlllbtrl! di llght. muht lbol:’tp: ‘hn?m: Illinols, 2-dosen cartons hothouse stock, extra fancy, 4.75a5.00; fancy, 4.50. scnwberrm—sunép moderate; de. dull and slightly weaker; Florida pony refrigerators vae rious varieties mostly 45c; 32-quart crates, various varieties, 40a45 per quart. Cauliflower—8 moderate; de mand light, market steady; California, pony erates, 1.50a1.75. Carrots—sSupplies lhht demand light, market about steady; Texas, Western |lettuce crates, 2.78a3.00; few best, 338 lill d light, Beets—Supplies lig] Western ety weoamh Wweake) ;ettuce crates, 2.25a2.75; maier stendy) Mexieo, 46-pound oretos arket s } Me o nt I.OOIG.EIB. iy ant—supplies t mant tight, miriet f&m‘ Hofiu e :f‘n!lu, fancy, o’ te Texas & l’ll:lfl!l W | Tex & Pao bs 1084 Third Ave ref Third Ave adj Tol Tr L&P 5%8 80. Unlon P Union Pacific Union Pac 4% 8 Wis Cen gn 48 not particularly plentiful, was regis- | B REDISCOUNT RATE REMAINS PROBLEM By the Associated Press. NEV/ YORK, February 15.—Wall Street was relieved today to know the Federal Reserve Bank of New York had left the rediscount rate un at 8 perD“ce‘x;‘t five-hour meeting of ! ve- board of dkecmrs of the bank, brokers kept their offices open and held private- wire operators at their keys ready to flash the news to all parts of the country. At 6 50 p.m. yuurdny Lha form no- tice was posted, “Thete is no announce- ment on the rate,” which u the board's way of sayi the nu i nnchmnd "°m:mm§n ook piace. benin W] &4‘» n‘( the directors’ room. but observ- ors sald there were unmistakable indi- cations that there had been a division of opinion among the members of the board over the advisability of advanc- ing the rate. Tightening of Credit. ‘The sharp warning of the Federal Reserve Board last week lnlnlt the diversion of Federal Reserve cred! apeculative loans was fresh in the mlnul of npenr,on when the board met. During the week there has been a tightening of credit conditions through | 4 the sale of Government securities and in their naldlnn of bank- An advance in the rediscount rate was the stro the Federal on in the hands of ank. Ordinnrlly the announcement on the rate is forthooming shortly after 3:30 gm As the hours passed with no sizn the board room the tension in Mfl Brokers );’un‘ over |mmmhu.rd| and newspaper offices were with inquiries. Among the board members who at- e meeting were Charles E. Mitchell, president of the National City Bank; George L. Harrison, govers nor of the Reserve Bank; Gates W. McGarrah, chairman of the board, and Edwin R. Kenzel, deputy vemor None of those present any comment ot lve any re unusual length o the meeting. International Situation. It was sald in Wall Street that some of the members have been opposed to such an extreme step as an advance in the rediscount rate in_e out the Wllcy of the Federal Reserve rd in ‘ashington regarding credits. me| TOtI FINANCIAL. NATIONAL BANKS MAKE RECORD GAN Resources of More Than 30 Billion Reported by Controller. The national banks of the country have broken all records, with total com= bined resources of more than $30,000,~ the | 000,000. This was disclosed today by Controller of the Currency John W. Poole in mak- ing public the condition of national banks on the date of the last bank call, December 31. The combined resources of 7,635 re- rting banks were $30,589.156,000, ex- ceedlns by $1,663,676,000 the resources of 6,676 banks October 3, 1928, the date of the prévious call. ‘The increase over a year 82, lg: ,937,000, reported mm and discounts, including re- unts, December 31, amounted to 915,641,000, A nerease Of 8335, 270,000 since October, and an increase of $642,002,000 in the year Investments in United States Govern- ment securities nwncd totaled $3,008,- 728,000, whlnh a reduction of $3- 861,000 sin tober, but an increase of $260,869, 000 in the year. Other bonds, mn securities, otc, owned were $4, ,000, lhowln[ an increase of lu.a'n.m ber, but & decrease of $33,349,000 llnee Decmber a year ago. ‘Balances on the books of, correspond- ent banks and bankers to the credit of reporting banks, including lawful re- serve with Federal Reserve banks and items in process of collection, aggre- gated $5,681,009,000, exceeding by $1,- 099,377,000 and ' $1,218,200,000 the ag- gnnumt.huelmlnmd on Oc- tober 3, 1928, and December 31, 1927, respectively. Cash in vaults of $388,- 129,000 also showed increases since Oc- tober and December a year ago of $23,~ 848,000. and $26,753,000, respectively. The paid-in capital stock of the re porting associations was 81,616,476, nno by $732,000 the paid= -in_cap- ital on October 3, and was gte:m- by evious was Another element which was regarded as having a bearing on holding the rate unchanged was the international finan- cial altunuon ‘The_advance trom (% to 515 per cent in the Bank of England last vmk mut off | sin the flow of to the United Stat from London and cnund a recovery sterling exchangs: inted out that an advance in the rlh the Fed- | st E;“al Reserve Bank would have offset s. SHIPPING NEWS Arrivals at and Sailings From New York. 238} i‘ DUE TODAY. Bresident Roosevelt—Hav aronia—Havana DUE TOMORROW. adison—Norfolk . | e 0 A nnmm Lim .lemw_va Spux DUE MONDAY, FEBRUARY 18 bia—8 iifornia~—w "'e.mf Tt —Bermud: publ remerhaven DUE TUESDAY, FEBRUARY 10, ztnmlmm—eumenbm Februasy 9 ncestria—] ruary ’ Fiaey | I\ sina Liverpool.. Avon—Bermuda . DUE THURSDAY, February 11 och: g1 E‘ ia mnmc-— Ivia—St. February 16 DUR MAY‘ FEBRUARY 22. Leviathan—Southai February 16 American Shipper- n\ Pebruary 12 OUTGOING 8T STEAMERS. SAILING TODAY. lrlD—le ith and ,n.‘.‘ e e nd Genot u.ust\u40| ll;l?. ypso—La Gu {lvnr-—P!lerlo corlall and cartagens. auretania—Mediterranean cru: ecutive—Genoa. candaga_Antwerp, prvi Barcelona. argo—Nassau. iphael—Buenos Alres. SAILING TOMORROW. esident Roosevelt—Havana. ronia—Havan: February February FEBRUARY 21. February 13 February 16 ln daa’ " ytschland—Cherbot Vln an— Barbados, video and Buenos §tavansertiord—Be: alifornia—Havana, ise. ; us r‘v'fizh-nnon and b‘“l.e Janelro, Monte- fanama Canal and cisc Olllrm-rell—fllv:nl. Oristobal and Port ton, Puerto Castilla Dmh. Reours ‘AR Liverpool. osaligd uflln{yai. nd St Vg '"“‘k“a E{m.}mnm oslo and legantic—Southampton, n-}n and London. I‘berllc—cobh and Live -;@nufi_m}:fige'—cnuwn outh: o Do 3 an. ene.Crla 3 lisman_— uenos Atres. rrier—Santos. BAILING MONDAY, FEBRUARY 18. Madison—Norfolk. SAILING TUESDAY, FEBRUARY 1. con—Port au Prince and Cristobal. avana—Havana. SAILING WEDNESDAY, FEBRUARY 20. i ;:z:..m‘:fw rgm.x. Cartacens, Car Mo?u.n. NAyta, Puerto Ons lnnn': Simeatn. "Cnerbears "and Bremer- SAILING THURSDAY, FEBRUARY 21 Bmie-goen, e ot Tituli: lombia—Puerto Colombia, Car ooriatD aHa- Ban ‘FHANCINCD. &nn 2 mm:x-. _Pfll?lfl and Vera Orus. ‘iz, Jian and Santo Doe u?iu " Grenad .'-rrmm-u and Georse own. SAILING FRIDAY, FEBRUARY 2. ““"‘""'lu% ,_Patrt d Trieste, ndon. nnm‘n‘ Southampton. iharo—Nassha Gilsonite Production. Gilsonite is a mineral which has been | produced in this country for many! | years, but its production s limited to the Btate of Utah. nil-h!uk.w- hmlonhm.;mmmunol tes “’mcw hfl 7,967,000 than tal reported &d as of Doem\bo‘rmfi, lfl‘l. Sur- plus hmdl of ‘ 00,146,000 and net un- dlvi(‘ed o um.eal.mm. a total ‘1, fll'l 000, showed a reduction Omber 1928 of $18,296,000, but he year of 136,636, not.es outstanding amount- 405 000 showed increases ince October, 1928, and December, 1927, of $1,857,000 lhd $32,000, respectively. ———— Hotels of Switzerland have sent out a call for university men who are good dancers. -The great number of spinsters and dowagers visiting the land of snow and ioe has caused 4 demand for more males who enjoy the indoor recreation. Many of the hotels are offering reduced rates to the amateur gigilos. WE WILL BUY rom 7,765 | L Money to Loan Secured by first deed of Srast on real esiate. . l’m-muh\-f-nl'n‘-l-ln. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Lite Ins. Co. 1520 K Street Main 475 Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. We Will Purchcu SECOND TRUST NOTES Secured on Improved D. C. Property Prompt Action UNION FINANCE CO. 834 Woodward Bldg. Main 8838 Money Available for FIRST DEED OF TRUST LOANS On Comphhd Properties and r Construction Use Ruunabla Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. N.W. Let us have your applications ‘LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself, Percy H. Russell Co. 1731 K St. NW. Secured by (hn ral I-u C-rrunlm 3% 9972 nut 1% i Edison Garland & Company | Tk Wnum‘n'-" LAgs s In Nearby Virgini; * Prudential 51/2% Inwuuu', Co Commonwealth Investment Ca. 18th St N.W. Phone Main udh (Denominations Suite 303-307 JOHN JOY EDSON, President Organized 187 independence. You'll find able' and let us tell you about Consult Us ‘We Make First flut r Baxter Pass at an elevation ux Mfl mt um; bl:‘ nmtlly u:m. 24 lre ey oo Satant & ptraignt AU Apply white of egg unsnnud out of gupurn, iy Subscription for the 96th Issue of Stock Being Received Join the Equitable’s Systematic Savings Plan Lay the foundation now for financial systematic plan of tremendous help in accumulating money. OIBFSL N.W. First Mortgages Safe—Conservative Make your savings and sufplus funds work for you st the highest inter- in financing est rate consistent homes and in the with absolute sale of these se- satety, curittes. Wm. H. Saunders Cos, Inc. REALTORS Main 1016 41 Years' Experience 1433 K Invest Your Surplus Funds in Our 6% First Trust Notes of $250 and up) Secured on income-producing properties in the District of Columbia and nearby Interest and Principal Guaranteed District National Securities Corp. Telephone Main 2994 District National Bank 'Building Maryland. Equitable Co-operative Bmldmg Ass’n WALTER S. PRATT, Jr, Secretary 49th YEAR COMPLETED Surplus & Profits......$1,601,704.98 the Equit- Come in our plan, Regarding Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS %% Mortgages on Homes, Apartments and Business Properties in the Distriet of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue. Decatur 3600 Mortgage Loan Correspondent, New York Life Insurance Company