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FINANCIAL. s0 smoothly and easily. Until now the American driver has been loath to shin, unless it was absolutely necessary, and cars were di especially so that he would not have to do so. Whether the ease of handling in constantly in- creasing traffic will overcome this ob- Jection is still a question in the minas of some. The writer heard one motorist say: “I bought an eight so as to have flexibility in traffic and would not have to shift and now they provide me with another speed to shift into.” Some cars are increasing the bore of their cylinders. This same move Was prevalent in 1912 and 1913, when a five- inch bore was not unusual. Some of these fashion trends return just like the bustle. The soberer colors are taken as & reflex from the bright trend of the last two years, just as a man who has worn a_checked overcoat naturally turns to a plain one. Perhaps the greatest development of all, however, has been the closer under- standing reached in the last few days Public Interest in New Models Increases as Display | Proceeds. L BY J. C. ROYLE. pecial Dispatch to The Star. NEW YORK, January 6.—Public in- |phe automobile industry responded im- {fnediately with a burst of speed. Manu- | found out from crowds which surged” about the exhibits that there was-ne-lack of interest and no shortage of purchasing power. The crowds have increased rather than decreased, com- pared to previous shows, and orders are plling satisfactorily, ‘This is already reflected in automo- bile plants. Few, even among manu- facturers, realize this as yet, but steel akers and the railroads, which watch e automobile situation in general, know that conditions are showing de- cided improvement. Freight Gain Reported. This fact was communicated to President Hoover by the steel men through the Department of Commerce last week. The railroads which touch the automobile centers report a markea gain in freight into Michigan, Ohio and other strategic States. This means that the automobile factories are buy- | ing and receiving raw materials, which | in the course of a few weeks will be moving out again in increased volume to distributers all over the world. The lessons of the New York show | are the more impressive since the | exhibits do not, as a general rule, | reveal any revolutionary developments. | The changes are changes of fashion | rather than of form, vet the interest | of the public is unabated. There is, it | s true, a rather marked movement | into the eight-cylinder field, but eight- | cylinder cars have been no novelty for | years. This also is true of the froni- | drive models. This method of power | transmission has been used on the| automobile race courses for a long | time, both here and abroad. i Other Style Changes. Cars are being built lower, but thls‘ is a fashion trend also. It normaliy follows development of better roaas | feet. THE EVENING STAR, WASHINGTON, D. ¢'.. MONDAY, JANUARY 6, 1930. facturers dealers. | ume is likely to recelve more stimula- will temporarily P S5 I ST e CHECK| W BUSWESS 128 & 05 0 n 3 Bsisés;lck.". hguduler:o'd'l be ;nr- The automobile men feel the ngoune ECL'"E PREDICTED — s in this section came at | Special Dispd tch to The Star. (Copyrisht, 1930.) loaded with new cars and attempts to set sales quotas for agents will not be made as in the past. By-Produets. The manufacturers, it has become known, are qv‘nl serious consideration to branching’out into the manufacture of by-products to utilize < ent and nel during skack ‘The jargest producer of small cars has done this to some extent already. The largest general producer has ventured into a half dozen fields, including avia- tion, refrigeration and radio. The Peerless Co. is considering manufac- turing radio receiving sets and a half dozen others are experimenting in aero- nautites. g Prices seem likely to remain fairly stable in the automotive fleld, aithough there have been some recessions and others are rumored. However, sales vol- Spring, 1860—Four brothers living in quiet and har mony on the plantation they had jointly inherited. Spring, 1861—In the streets the rollin rilln':lghfife, and the measured tramp of a thousand e two younger of the brothers marching abreast to the war, never to return. Spring, 1865—The two elder brothers in the office of ¢ a lawyer, signing the deed that would make over their ancestral acres to a stranger. Where were the others? | Under the earth—one at Chancellorsville, one at Cold drum and and owes its origin to European ma- chines. The latter also have had more than a little to do with the prevalence | of gear shifts with four speeds forward. | Harbor. Or, so it was reported. But, as a matter of fact, at least one of the younger brothers was alive. And so recently as three years price reductions an opportune Baltimore Cpstoms Receipts. BALTIMORE, January 6 (Special).— customs in amounted to $11,086,287.73, compared with $10,108,686.46 in 1928, according to a report of the of ‘This was an increase of $977,~ During 1929 gross Baltimore 601.26. Goods entered for warehousing in 1929 had a value of $16,776,634, an in- crease of nearly $7,000,000 over 1928. 892,328.64, compared The duty was $8, ‘with $4,916,879.58 in 1928. be checked and will FINANCIAL. automobiles is in a position to contribute to this advance.” Endowme’nt Solicited | that the ind ications are that the rate of decline ha s been checked and that a temparary uj 'turn may be expected in collections | January, e analysis adds: ‘“Pre- liminary estiz 1ates for December indi- cate_a furthir decrease of relatively small amount. Basic industries, such as iron, steel { and mffi“' are showing relatively the I ‘rgest falling off, whereas rtment stq re sales appear to have held up better @ han was expected. I is, of course, too\ early to say what the showing will bey for January, but it now seems likely thi 3t the business decline Established 1885 Conn. Ave. at K Funds Available for First Mortgage Loans Telephone National 2424 STONE & FAIRFAX Nat'l 2424 Educational Institution Filling Need. . Investigation Invited n Persons Interested Address Box 293-H, Star office. Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes Bearing 6,9, Interest In Denominations of 00, $500.00 and $1,000.00 | consute WELCH Reattors Loan Specialists 15th & N. Y. Ave. N.W. National 4316 National Savings & Trust Building Councilor & Buchanan Certified Public Accountants ‘Wm. Gordon Buchanan Tower Building National 611061116213 (Telephone Directory Omission) Tue NaTioNaL CiTy BANK \OF NEW YORK Head Offig-e: 55 Wall Sth-eet New Yo:fi & Capital, Surplus and Undivided Profits $239,650,233.27 Condensed Stitement of Condition as of December 31, 1929 INCIAXJDING DOMESTIC AND FOREIGN BRANCHES \ ASSETS Cash in Vault and in Fed& ral Reserve Bank $172,195,091.28 264,930,395.94 $ 437,125487.22 1,245,424,078.49 Due from Banks, Bankers and U. S. Treasurer Loans, Discountsand Accej ptancesof other Banks .. United States Government} Bonds and Certificates. -$178,466,500.00 State and Municipal Bonds}......... S R S 24,684,908.24 Stock in Federal Reserve fiank = R veee. 6,600,000.00 Other Bonds and Securities. . ........ Sesasienas 4001008 47 Subsidiaries: ‘ 2 International Banking [o%) “poration............... Bank of Haiti, Inc. _Bank Buildings Items in Transit with Branch\zs Customers’ Liability Account] of Acceptances. ‘European drivers shift gears constantly | and are proud of their ability to_do - JANUARY INVESTMENTS Sk Our current circular contains || a diversified list of securities, | including long and short ma- | turity Bonds, listed Pre- | ferred and Common Stocks EE N ‘We have also prepared a brief analysis of U.S.RUBBER COMPANY First and Refunding Mort- gage 5% Bonds Due January 1, 1947 L Copies of both circulars ‘gladly furnished upon request | ; EE ] STEIN BROS. & BOYCE Established 1853 Woodward Building WASHINGTON, D. C. Main Office: Baltimore, Md. Members NEW YORK, Baltimore | and Washington Stock Exchanges || Associate Members New York Curb | Exchange ago his widow began a legal action to recover his share o% the estate. Her action was successful and cost the resent owners many thousand dollars, which title wnsurance would have saved them. When buying or lending on real estate, your best policy is a New York Title and Mortgage Company Title Policy. . CApITOL TITLE AND GUARANTEE 284,217,916.71 CoMPANY 1425 Eye Street N.W., Washington & 8,000,000.00 34,953,147.84 22,963,884.97 165,162,955.58 8,393,699.56 $2,206,241,170.37 Representing ; NEW YORK ; TITLE AND MORTGAGE : : B e o . LIABILITIES Capital Funds over 60 million dollars & g S St S A e A G b o KA ....$110,000,000.00 the United States Surplus ! 110,000,000.00 Undivided Profits 19,650,233.27 Deposits : ; Liability on Acceptan Circulation Reserves for: Vi Dividends, Interest, Taxes and E ixpenses. .. $18,014,735.45 1 Contingencies. ............ Qe drsandile A e cvoer’ OIIDSII93 40F 24.773,1é8.93 $2,206,241,170.37 Guaranty Trust Company * Above includes figures of Foreig 1 Branches and European Affiliate as of December 24, 1929 of New York : . . | 140 Broadway | City BANK FARrRMERS TRUST COMPANY (Affiliated with The} National City Bank of New York) Head Office: 22 }William Street, New York <4 Condensed Statement of C'ondition as of December 31, 1929 $ 239,650,233.27 1,649,554,260.74 292,164,182.43 99,365.00 Total-..i........ LONDON PARIS BRUSSELS LIVERPOOL HAVRE ANTWERP + Condensed Statement, December 31, 1929 RESOURCES Cash on Hand, in Federal Reserve Bank, and Due from Banks and Bankers .. $ 430,004,522.35 U. S. Government Bonds and Certificates. . POBICISUTRNIEION . . . ..oivoioisiiisivens Seon Real Estate Bonds and Mortgages. .. Items in Transit with Foreign Branches Credits Granted on Acceptances. ...... RealEotate.. ... . ...cocnons by bisiw oo Accrued Interest and Accounts Receivable 170,535,098.93 32,134,571.76 7,800,000.00 49,231,298.14 1,105,394,234.05 971,139.99 7,504,444.90 192,624,587.30 13,537,529.75 7,381,904.44 Surplus Fund... Undivided Profits. $2,017,119,331.61 LIABILITIES T . $ 90,000,000.00 170,000,000.00 . _32,636,023.50 $ 292,636,023.50 Accrued Interest, Miscellaneous Accounts Payable, Reserve for Taxes, etc. ents to Repurchase United States A urities Sold. . Liability as Endor Acceptan, and Forcign Bills.. 1. vversrssss: Deposits 13,310,986.57 53,709,635.61 192,624,587.30 .. 155,548,545.34 . ,551,049.63 . 84,738,503.66 1,309,289,553.29 $2,017,119,331.61 ! JASSETS Cash in Vault and in Federal Reserve 13ank...... Due from Banks and Bankers ¢ United States Government Bonds. ...... 1 Other Bonds, Mortgages and Securities.i‘ Other Assets i L ¢ LIABALITIES Clapital. o000 g SN Surplus. ' Undivided Profits Reserves for Dividends, Interest, Taxes anzl. Expens(;s; Total . ..$ 818247.26 ............... 50,722,762.36 1,117,929.54 7,469,000.00 .................... .. 12,242,553.90 2,207,706.46 $74,578,199.52 .................... ...$10,000,000.00 10,000,000.00 . 2,167,651.63 ! .. 50,403,517.53 $74,578,199.52