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SHARES TAKE DROP IN CURB DEALINGS Recent _ Favorites Hit by Break Due to Big Gain in Brokers’ Loans. RY WILLIAM F. HFFFF.KN AN. Special Dispatch to The Star. NEW YORK, January 5. For « brief interval after the opening today the speculative favorites on the Curb Exchange ignored the weakness in the main body of stocks on the big board. Rut the support accorded these issues finally proved to have been artificial and prices gave way readily. In view of the fact that the specu lative element for several months had completely ignored new peak records in brokers’ loans, it was difficult to envision the latest increase of more than $341,000,000 in the Stock Ex change figures as the reason for the heavy liquidation today. Neverthe less, this was what the Street set down as the cause for the weakness. There was no getting away from the fact, however, that the public was participating more liberally than at any time in history, and that the loan item had reached a point where the technical structure of the market was in an unsound state. Such a recent favorite as United States Freight was down over two prints at intervals. American Rolling Mills, after establishing a new high at 113, broke approximately f> points. Mid land Steel Products common, one of the spectacular performers up side several weeks ago, broke 5 points between sales and at 95 compared with the previous final of 109. Firestone Tire was selling 4 points under the Wednesday final at 230. Maryland Cas ualty at ISS recorded a loss of 5 points on the day. The weakness made itself felt for the most part in those issues which bad been most responsible to operations for the rise and indicated that much of the speculation on the side of advance had been carried to extremes. Newmont Mining, because of its holdings in other mining issues, natu rally came off sharply when weakness developed on the metal shares on the Stock Exchange. At 12$ the price compared with the 1927 high of 139H BANDIT SLAIN. TWO CAPTURED IN CHICAGO Hr tne Associated Press. CHICAGO. January s.—lt was a bad night for bandits. One was shot lead, another was captured and a third surrendered under pistol persuasion. James Doodv, who hadn’t, forgotten what he learned as a policeman, walked into a holdup at the Frank Nelson radio store and opened fire with a revolver when the robber whipped his own weapon around. DoodVs single shot was fatal to the bandit, who was identified as Stan ley Hodana, 19. ‘At the Silver Moon Athletic Club Robert Ahlgrin, 28, and John Rowan, C 9, who said they were making their maiden venture with masks and pis tols. found a bullet reception awaiting them from Patrolman Jeremiah Ma honey. Ahlgrin surrendered under Mahoney's fire, and Rowan was taken later after he had jumped from a win dow. They said they were without work and had families to support. WOOL QUOTATIONS. BOSTON. January & (Special).— Strength in foreign wools, with domes tic wools in light supply here, plus a steady absorption for mill account, is sustaining optimism in the Boston wool market. Worsted mill buying is a factor in the market for good comb ing sorts. Fine territory was quoted today at 1.12a1.!5 clean basis. French combing ax 1.06a1.1©; half blood at 1.02*1.05; three-eighths blood at 95a98 and quarter blood at ssaßs. Fine Ohio fleect-s were quoted at 4iA4B grease basis, half blood and three-eighths blued at 45a49 and quarter blo<*d at 48a50. MEREDITH PROMOTED. NEW YORK. January 5 Oscar 8. Meredith has beer, elected vice president of the Bank of Amer ica. He formerly was assistant vice president and executive in charge of the bank's business in the Central West and the YVest. NEW MILL PLANNED. NEW YORK, January 5 Fhsron Steel Hoop has appropriated 1 5 ,000.000 for extensions and Improve ments. including a new rolled strip mill at that on. Pa ~ and enlargement of the pickling plant. Work will start at once. RUBBER DECLINES. NEW YORK, January 5 it Spec-talk— Crude rubber, smoked ribbed h heels, declined one-fourth cent, at today's noon quotation of 41 cents. This corn par*-* with 40% a month ago and 31* i f i cents a >ear ago. COTTON GOODS QUIET. NEW YORK, January 5 (Hpeciab Cotton g./ode markets continued quiet *'*dav at unchanged ptio*t„ Print * ioth* were quoted at fi% for 64x60s and St 9% tents for 67x72b. Tbe raw s.ia market remained closed. BUTTER IS HIGHER. * HP'AGO, January 5 (A*). —Butter Higher; rec eipts, :,>O2 tubs; »•»earner y extras, to % : standards, 47, extra firsts, 47%«>49, firsts, 42a44, fc< < onde, 2>,a40. Eggs—Unchanged, receipts, 3,031 cases. • POTATOES UNCHANGED '.HP AGO, January 5 (United Stales Ixwpartrm-M of Agriculture).-- potatoes - Kece-ipte. 2e •art, on track, 158; to rsi i id shipments, 549 «arx, pi ices unchanged. * NEW YORK MARKETS. EW V'/KK, January 6 'A') ~ Bar * - 1 . No 2. J 00% e I f. New "/ x 1 je/t (..off* e fun*, No 7 Bin. Js*/x *- 4%. G'hei articles unchanged. -west-- • • SILVER QUOTATIONS. J, A y<xJ<K, January 5 <fl , t liar ; Mexican doJlars, 44%. GERMAN BONDS AND STOCKS. fcx . /****-0 Wxe tu Tb* Hl *r I.W January 5 Hid A#kefl. O' « Cl to ■ 1 „ 'lot , JOO K M 67 00 02 00 'at O' i 1 'll * * ■ ■ -.0 K M 5* OO 4-: 0O i ... 0.1 «wih>"« c.m*i>» i H- , : ; fcOO So 'Xi "• ' m . ihuw m<l *«*rk* r *>•> h* t ■ p . oi* »*( lie ~<t :.ft 00 •C' 1 - < i 'J%. jitik :{ 2(, •! 00 fe" ’ . , ' ioo 000 HUS 41 * , | . , 4a. i, .;<> .7 'DO .i -> <'-*• *y !"•" >' ■• , „ uJ i i.o fco t'.rJj£ lr%' As '' l"" i'ooo 'US 00 C. , ' i »■! R I''oo ; t ' O, „ j J/, 1,0 j4O o<> tr ~ 1 “h 57 00 r.o Oo #7 '! • ro no .*0 00 V*' *■ ■ e i , J., *) OO 4, ' i , r.7 oo f. Joo y.; ikaxl..*,, A ) (J L > 'j Oij f NEW YORK CURB MARKET , I Received by Privet* Wire Direct to The Star Office | Following is a list of stocks nnd I bonds traded in on tire Now York Curb Market today: Sales in INDUSTRIALS, hundreds. Hisl». Low. 1 36. 11 Aortol l’rod Awt Hi* ’■» 71* Si •’Ala Qt South... 102’* 187 I«'J 1 Ala tit South pfdint 1«4 D'4 t Alt. P Par A pfd 21 21 St It Alios Fisher itlt’s Hit .’«» 1 Alison Drug A.. U"» 1!"4 B*H 1 Alison Drug it. . 14 ’« 14** It’* 4 Alum Co n I'fit’s 122 Si t22S» JO Alum Co n pfd. . 100 h iOf.\ 105% ft Am Arch Co. ... ti7 rid tlrttj 0 Am Hr B El F. . it S !» Vs Am CiK.ir 144 J4it 144 5Am Cyanamtd It. 40 it!* itit 1 , Am Cyanamnl pfd !*s’4 1*5% !*•’% ito Am Dept Stores. 10% lft 15% 15 Am Gas AEI 122% IIS 120% %Am M Ur SO% 75% 78% 1 Am Mts- pfd. .. . SO SO HO *V Am l’ow * 1. pfd 101*% 100% 100% . 4Am Rayon l’l'Od. 14% 14% 14% 51 Am Rolltne M. . Hit % 108 % 110 1 % Am Roll M pfd. . 11l 110 JlO 7Am S *Ch vto. 12 12 12 1 Am S A Ch p pfd 20 20 20 il Am Superpow A it* % ill % it' % •4 Am Superpow It. ;ts% its % its % 1 Am Superp 1 pfd 101 % 101% 101% 1 5Am Sufierp pr pf 20% 21* 20% it Amsterdam Trad 4ii % 4it 4it% 4 Asvo das AEI .. 51 40% 40% 1 Oil Amo it A E rts. 1 % 11. 52 A tell TA S F rls it % il % a% 10 At I Fruit S 2 .SO .SO 7 Allan Plywood. . ti 4 04 tit 11 Auburn Auto Co 12S % 125% 125% 2 Bahia Corp 10 0% 10 1 Bahia Corp pfd. .14 14 14 05 Hancitaly Corp . 142% 140% 141% it Beavert.nl vtc pfd it!»% it!* 110% 1 Blackst Vti A E 1.95% 1.45% 145% l Blacks! V 1.45% 1.95% 145% 4 Bliss EW tt 20 10% 10% 1 ltlum S. ;t;t % ;t;i % ;t,4 % 0 Bohn Alum. ... 3ft 34% 34% 1 Bndsep Mach 2% 2% 2% 4 Bn IE Mfc 14 14 14 5 Brit Aui Tot. rou. 25% 25% ’Jo % BKay D Stvs Ipf loti 100 loti 4 Brocky Mot n,... 40 4S % 4«% 21 Bkln City R R... 5% 5 5% 22 Bucyru* Erie 30 % 30% 30% 30 Bm.vr E C pfwt. 30% 35*2 35% it Bo;r Nlrw A E.. . .43 52% .13 1 Bus Nlas r n A wi 31 31 ill I 1 Camplvll Wyant. 30% .30% 30% 5 Can Ind Alcohol.. 37% 37% 37% 240i'an Marconi W.. 3 H 3 % il 1 Carnation Milk... .40 30 .40 . Cclatt Cor Am n . OS\ !i7% 07% 2 Ccian C Am 1 pf. 175 173 173 1 Celluloid Co n... 112 112 112 1 Cclotex Co 57 57 57 3 l cut Pub Serv A 20 20 20 Jr Us m -3 CM ASPnpf WI 43% 42% 43 3( it Ser PAL Os pf 00 Oti 00 1 City J<e A- Fuel.. .37% 37% 37% 1 Club Alum ft Ml. 38% .38 % .38% 2 Cohn-Hall Marx.. 24% 24% 24% 4 Col Graph rets... ittttf .90% 30% % Conuuonwlth Ed. lot* l(tf* lttf) 1 Comwlth E rts wi S s 8 5 Commonw P n pf 104% 104% 104% ! Consol G Balt n.. os% os % os% 2 Consol Latind 15% 15% 15% % Coni GAE P pfd 100% Jofl% 10(1 % lo toiirtaukls Ltd., ill* .45% .10 5 Ceowlev Milner.. 35% 35% .95% 1 Curtis Pub pfd. . 118% 118% 118% 1 % Deere & Co 220 221 221 t]> For R C vtc 2% 2% 2% % Dixon Crucible. . 175 175 175 ft Dominion St Ltd 105 104% 10ft oDubilier CAR 3% .3% 3% II Durant Mot ... o% !•% j*% 7 Durh Dup p p . 41*% 414 411% lil* Ws’c.r*:“* 4 Hi# "?|!^M C f l 4 ,V it Em Pow Cor n. . 2ft % 28% 2f*% 2 Este.v Welt Cor A 3 it il 4 Evans E S A.. 50% 50% 50% 7 Evans E 9 B. . . 50% 50 5(1 1 % Fajardo Suk Co 158 157 157 22 Fanstel Prod. ~. it 4 33 .3.9% 1 Fedders Mfg A.. 29% 29% 2!*% 3 Fed Water A.. 34% 34 % 34 < <, 2 Fireman's FI. . 124 124 124 4% firestone T 233% 2,30 2.30 % Firest TOs pfd 107 107 107 % PH>r P 7s pfd. . 105% 106% l<>ft% % Ford M C C 500 M 4 500 4 Forhan Co A. . . 23 23 23 2 Foster A K 15 14% 14% 10 Foundation F A. 12% 12 12 15 Fox Theaters A. 21% 21% 21% 1 F H H Mfjr C. . lftj 1 luZ 15 Freshman Chas. . 10% 8% 10% 1 Fulton Sylphon. . 43% 43% 4.3% 1 Gamewell Co ... 64 64 04 1 Garod Corp .... .90 .90 .90 .90 Gen Bak A.... 78% 77% 77% 68 Gen Bak B 8% 8% 8% 13 Gen Bronze 40 38% 39 3 Gen Ice Cream.. 62% 01 01 1 Gen Laund Mach 20 20 2(4 8 Glen Alden Coal. 168% 107 107 9 Gobel A 67 05% 65% 17 Gold Seal Elec.. 10% 16% 16% 10 Goodrich rts wi.. .3 2% 2% 1 Gorham Mfg pf.. 119 111* 119 1 Grand Stores ... 90 90 90 1 Hall Lamp 96 90 96 6 Happiness C St.. 6% 6% 0% i Hairlline Corp.. 10% 30% 10% % Hercules Powd .195 195 195 18 Holland Furnace. 4.3 4.3 43 1 Huyier# pfd .... 102% 102% 102% 2 Hygrade Food .. 25% 25% 05% ?2Jnd Ray Cor A.. 21 20% 20% lOlniur Co N A... 91% 89 89 1 Int Rwe vtc ... 26 20 20 1 Intern Ctf! A 50% 50% 60% 30 Intern Util B ... 10% 10 10 *9 Johns Manv n .121 119% 120% 1 Johns-Manv pfd. 120% 120% 120% 2 Josae Bro<r vtc.. 41 41 41 lK C Pub Ser vtc 14% 14% 34% Kroger GrAtiak C 141 % 140 140 29 Kroger Gr&Bak n 71 70% 70% 1 Krti*kal A Krus . 15% 15% 15% 3 Lsckawan Sec n. 62 52 52 1 Land c n Fla . . 24 24 24 ,!> el Realty pfd. •38 3* .38 30 Ix-h Pow n ... 20% 20 20*4 Val ( ,-fs. . 38% 57% 37*: \ Leh Val C Sales 06 (15 % Os, % , S° 16 5* J** io 1 Lib MoN AL n 9% 9% 9V* 1 % Lib Owens Sh Gl 128 127% 127% 4 % Loews deb rts. .. 1.3% 1.3% 13% hieing Isl Lt pfd 110% 110% 110% 2 Manning Bow A 18% 18 18% 4 Marinins Bow B 9% 9% 9% U Marc Wire Urn. 11% 11% 11% 2 Marmon Mot... 45% 45 45 % Mary) Casualty 185 185 185 1 Ma.wy Harris N 40% 40% 40% 21 Mavis Bottling.. 10% 10 10% 8 M.< all Corp n . 64% 5.3 53 1 Mcßeesp fp wl 00% 60% 69% 1 Memrei Bo* 57% 57? 67? % Merrentb fjno. . 108 106 108 27 Mesabi 1r0n.... 3 % 3 3 13 Midi «tl Prod.. 108 95 103% 4 Met West rtll., 120 125 125 % Miller Rub pf . . fOt S»0 f*o 9 Mohawk Hu Pow .30% 30 30% 1 Mohawk Val n.. 46% 40% 46% 1 Murphy G O ... 0? % 62? 62? 32 Vat Es Pow A... 23 27% 28 ft Nat Food Peel. . 6 6 0 0 Nat G ather .... 3 % .3 % i) % 3 Nat Pu Ser A . . 22% 22 22% 1 Nat Theater Sup 0 6 0 % Neither hr pf .. 110% 110% 110% * bVpltme Meter A 24% 24% 24 % 1 N V Tel Co pfd.. 114% 11 4 % 114? 3 Nile# Jierp Piwl n, 33 % 32 3.3 12 North O Pow C. 19% 18% 18% 4 Nor Sts P C A . . 127% 3 25% 125% .1 Noe Sta rts wi. , 0? 6% 6% 1 North Pow n.... 20% 20% 20% 3 Pa/- Sll Boiler... 13% 1.3? 1.3? 4 Palmolive Co ... 94 94 94 2 Parke hsvis Co n 38 36 .38 3 Penn G A KA . . 20% 2o <4 20% 1 Peon Ohio See. , J. 3% 1,3% 13% Peon OF. Ot pfd. 95? 95? 95% 4, Peon O E p pfd. 107% 107% 107% ’» {* P * L 7a pfd. 109% 109% J 09% Penn Sait 99 90 99 3 Pent, Drug Store. 49 49 49 8 Idiilip Morn* ... 8% 8% 8% 2 Picfroont A Nor. 57% 65 67% 14 l‘K Wit n .. , 28 27% 27% 1 % Ihltsl. * Lake JE!54% lft4 164 4 Pntrero So# 14 14 14 f Pratt A Lamb C 62 ft 2 62 - A {'"<l * Gamble. 200 249% 259 % Pm dr 0, e Co pf. Jo2\ 102? 102% 2 Pug HI*4L ~35 .34% 34 5 i Pyrene Ml g 9% 9% »% \ J 4 '' l l l 6»*n Bklyn 279 276 276 4 liemingtoo Arms. 12% 12% ft Rep Mo Trk vtc 2 ? 2 ? •> ? *1 Ri' ti Rad .. 27 o? 27 ' KiiMa-rold 81 % 81% 81% da y *l9 310 310 24'vejlar I,lo* R c. , 43 42% 4" 21 Serv fel Cor J % j ? | S ftftServ El n vtc WI 0% ft? oiz K " v *' 9* *1 ipt 28 28 k % Shaeffer Pen .. 786 7,(6 786 BHlli>a l*e( Vic. 19% 18 4k 18 4S 7 Sierra pa- K . ; u J ft Silver Mf* Ltd. . 0% ,|? ’’All 'A Swmfi Cor *1 103 102% 10.1 l J*» V Itit. n Utm U (a fa ffcftAvv. ws.ut ,iiß ,i« t# Mj/ii r*nt , fi IS9I Pow a 1.,: V, 30 4 §, 4 A {»!> ftft% ftft% ill!'! ,|;lt lit lij-ri:;:.,it* !<* ‘p ■I In-'1 Piod 28% 2« yi :'S% i ,?it ,% ,}? i j nit Ail J* h vlg 470 inif -j i;i > j ; •>* biv HH a . hi hi 71 01 Log 4 (mud n ft? ? Hi ? Hi it 64 •„yl>4 Po a 14% 4 % 1 .J J"j J'* 1 Bl,ar n |„ L J* * <i :"!?:?.«!; :: ?1* k» d’j.iittr' -.- a 1 * ass ft Wainei Bros Hr. 14 1.3*4 14 t, 14 7’ L* . 400 400 4 400 .. W.ile,ii ,1 W Ij, u 1o 1/ 10,, 1 Watt A bond A 2ft? ''ft? 'ft? ■j Walt A Bond il 18 jß™ i'e 4 4 W.«r,,n O4Si, vte 12% 714. 71 n 2 Whi*ewM«d*b rts ii * J| % .1* 2 WoitJili >, Mat If 8 7% r* M vn sub* 10 MINING S'lGt MS hundred* 1 Anglo 1 id! «’ N •:»% •;«% "9% " < arucgle Metal. J7 17 17 f 2 *on Mine. tt >4 0 '/» s * irwiii Gold j % | ,4 1 n i/I . g Gld M Lt/1 I 2? u? •»? 10 kl'.r Go bifid M oft, 06 oft J / Golden Crntei m 're, *144 ■i w h Hr.)« Min . i>? 17? j?? 3 Mas.,n Val 1% (.1 J1? ob> * < or,.*ha 20? «A 4 70? 39 Nrencnl Modus J 33 J2B Jl2 1 s y I H'd.d R„# 17 11 17 %H 1 Zion ... 181 l|u (J; 2 Ninig.iog .. , . r, % 6% ft% 4 Noith BulMs . , I I / 9<,h)„ r.,p 08 88 08 0 pi. oiler Gold M 2V, 1/, "4 iibhaltd.k Let. n . Jf% 1j % if% i 'i'ootn B< Ooont j % J % J ? JOl .d hast Min 65 62 nk ;k,.%£/•' 2 la us 's* 3 Wtiikli Cup J % ! % i ? .... INDEPENDENI GJJ. ts7G<«B ~ huii.lied. *a 03 Ain ( nil GH Jms ,1 Ift •( Hi it Am *B( (i *lB% 80 ',. ,18% THE EYInTnC STAR, WASHINGTON. D. C.. TItTHISDAY, ~ .TAXTTARY 5. 1721?.' 30 Cardinal Pete... .10 .10 .10 JCnrtb Synd 38% 18% 18% 70 city 9crv n . . 66% 56% 65% 3CU Scrv n t»f*l.. 9»% 94% 04% 1 Collin,hla 9ynd. . 1% 1% 1% 241 Creole Syml ... 11% 10% 11% 2Em4A F 6s pf 109% 100 109., lit Gibson Oil cor.. 1% 1% 1H 34 Gulf Oil of Pa . 115% 112. 112% 20 Houston Gulf G. 13% 12% 13% 8 Iniercontl Pet.. 2 1% 1% 6 lieonartl 0i1.... 0% 0% 0 % t 14, Star O n Del 64% ft 4% 64% 2 Martial Syml. . . 1 % IVi l % ft Mexico 0hi0.... 0 6? 6? 30 Mount Prod..., 28% 27 % 2. % 2 New Bradford O 6% 6% ft% 8 New Mex Land. 9% 9*4 9% 1 Nor ten Te* Oil 11 * J 11 % 11 % 2 Panlet»ec Oil 9% I**4 **% 8 Salt Ck Cons... 7% 77% 14 Salt Ck Prod... 34% 34 34 1 lid Osare O N V 18 18 18 0 venesuelan Mex 20% 19% 20% 1 Vener.tielan Pet. ft% 6% 6% 4 Wilcox OAG n.. 21 % 21 21U Sales in STANDARD OIL ISSUES AND units. FORMER SUBSIDIARIES—STOCKS 100 Anr Am O n vtc 18% 18% 18% 100 Buckeye P L ftß % 68% 58% 8400 Cont i Oil n 22% 21% 21% 100 Eureka P 1 04% 04% 04% 2800 Humble Oil A R 00% 05% Oti 400 In,l, O Can „.... 69% 59 60 .3200 Inter Pet C Ltd.. 30% .36% 30% 100 Nat Transit 20% 20% 20% 1100 Ohio Oil . . 05 % 04% ,15% 2200 Prairie <5 A- 6 n. 49 49 49 200 Prairie p I, 180 186% .180 100 South Penn O n . 34 34 34 800 Southern P L .37 37 37 150 Sou W Penn PL. 70% 70 70 3900 S O Indiana 71)? 79% 70% 300 S O Kansas 15% 15 15 2700 S,) Kentucky 130% 128 129,. 200S 0 Nebraska n.. 42% 42 42% 660 S 6 Obion 79 78% 79 1500 Vacuum Oil 140 33!) 13!) Sales in thousand*. BONDS. 118 Ala Pow 4 % s.. . Oft % 95 % 95 % 5 Allied Pk Os. ... 40 40 40 31 Allied Pk 8s 40 45% 40 ft Alum Co Amer 6*101% 101 % loijfc 0 An, Cynamtd 6s. 95% 95% 96*4 17 An, Gas AEI o*lo9 108% 108% 23 Am Nat Ga* ,t%* 99 98% 98% 3Am Pow & Lt 0*107% 107% 107% ft Am Rail 4%*.. 99? 90% 90% 2 An, Seating *s. . 103 103 103 2 Anaconda Os A. . 101% 101% 101% 17 Appal El Pow 5s I*o% 99% 99% 2 Ark P A L ss. . 09% 09% 99% 40 A*#o GAE 5%« 102 101 ? 101 \ 104 Assik! El ft %s. . 104 Tk 104% 104% 2 Itcacon Oil Hs. . 103 102% 103 10 Beaverbd 8s ... 96 96 96 6 Bell T Can 5s A 104% 104% 104% .3 Bell T Can fts B. 104% 104% 104% 11 Boston Cons G 5s 103% 103 103 100 Bos AMe 5s AC 90% 98% 98% 2 B TAE 7%S of# d .39% 39% 39% 7 Can Nat ftv 75.. 114% 113? 114% 7 Caro P A L ss. . 103% 103% 103% 1 Cen St P L 5s wi 09 99 99 135 CM ASP 5s n wi 96% 1*6% 96% 280 CM ASP 5s An wi 64 63% 6.3? 1 f'ht R.vs ofs d 5s 87 87 87 25 Cit S. rv 55..... 01 90% 00% 4 Cit Serv 0* 103% 1t,3 10.3 23 Cit Serv G 5%a. 95 *4 95 95 LiCit Serv p 5%# 08 97% 97% IOC R PAL 4%* A 95% 95% 95% 2 Comd Larabee Os 92’v 92% 93% 1C G Bal 5%s E 106% 109% 106% 12 Cont Oil 5% * . .98% 98% 98% 2 Conti Sec 5s A. . 100 Ji'l lot* 5 Cuban Te! 7%s A 112 111% 111% 11 Cudahy 5%s ... 97% 97? 97% 3 Det City G H# A. 107 107 107 4 Det City « 5s 8.. 103% 103% 103% 23 Det Ir.t! 6%5...102? 102% 102% 15 Det Inti 7» ...100% JOO 100% 38 DixGtilfG 6%s A 00% 99% 99% 6EI Refrire 6s .. 09% 08 68 16 Empire OAR 5%s 1I2 1 * 92% 92% 14 Firestone TAR 6s 98 97? 97% 14 Fla PA L ss. 97% 97? t*7% 8 Ga! Sg Pet 7s '3O 87% 87? 87% 41 Gatineau I’ow ss. 99% 00% 99% 4 Gatineau Pow 6s. 103% 10.3 103 134 Gen An, Inv 5s A 147 144% 144% 1 Gen Latin M 6%s 100 100 100 25 Geor*ia Pow 5«.. 99% 99% 16* % 3 Gdyr TAR ft* '2B. loo? loo? loo*-. 2Grd Trunk 6%s 110? 110? 110% 16 Gulf Oil P fts ’47 101 % 101% 101% 2 Gulf Bta Ut fts A 99% 99% 99% 11 Hotkl Rub 5%5.. 96 95% 96 10 Hyrrade Food 6s 143% 143 143 18 Ind Oil A Gas «»... 97 % 97 97 % 20 lndp PAL 5s A... 100% D>o}4 loo? 83 inti Mstch fts ... 99 98? 98? 1 Inti G N 6* wi.. 102% 302? 102% Hnt Pow Sec 7s E. 96? 00? 96? nterstate Pow As 00% 96? 9,1? 1 Interstate Pow 6s 98% 118 % 98? 7lp Neb LAP 6s A97 96 ? 07 3Kems A Millb Os. 155 35ft 155 ft KeysTOPh 5% s A 90 90 90 29 Kop GasACoke 5s 99 % 90 % 99 % 4 Ls.lede Gas 5%s 101 10l 101 18 Lehigh Pow 6s A 106 105% 106 24 Libby McNAL 5s 96 05? 95% 10 Moss Gss 6%5. . 104% 104% 104% 68MoKT 4%» Dwi 100% KiO 100% 11 Morris A C 7%5. 98? 08% 98% 30 Narrar Co 5s A.. 101? 101% 101 »$ 2 Nat PAL 6s A.. 107% 107% 107% 4 Nat Pu S 6% a A 103? 10.3% 10.3? 1 Nebr Pow 6s A.. 100% 100% 109% 3 New En«t GAE 5# 08? 98? 08? 15 NTP A L 4 %a. 95% 95% 95% 257 NYNHAH4 %sDwi ».1 % 92% 93% 123 NOrITM4 %sDwi 99? 99% 99% 2 Nichols A Shp 6# 121 119? 119% 12 NoAinOerUoyd 6s 94 94 94 5 No Slat PM 6 >4*104% 104% I<>4% 71 Ohio Pow 4%s D 95% 95? 9ft? 2 Ohio P fts '52 11101% 1(*1? lol? 12 I’ac GAE 4%s E 98? 98? 98? .?o par Earn Las fls ioo 99% 99? 3 ftft Phila ftubur 4%s 99% 99? 99% 36 Phillipa Pet ft'gs 94% 94? 94% 1 Pitts RcAßt 5%s 99 l»» 99 lOPotrero Su* 75.. 08 98 98 1 Potomac Ed 5s E 09% 99% 99% 16 P Corp NY 5%51(*0 99% lot* 12 Pub S EAG 4% s 99% o»? 90% 10 Serve! Del Hs. .30% 30% 30% 2 Serve! Del 5n wt 09% op? 09% .3 Schulte R E Os 98% 98? 98% ftShawsheen 75.. 99? 99? lilt’s 17 Shall P Line 6s 97% 07% 97% 21 Sh* WAP 4%s A 96? 06? 96? 42 Snider Pack 6s 103% 103 103 l folvar Am 6s A 91* 09 99 O Sou Ashes 6s wl 105% 105 105 22 So Cal Ed 5s 'ftl 102% 102% 102% IS Cal Ed 5s '52 M 2? 102% I<>2 S 27 Sou the PAL Hs 100% Mo? 100% ASlhw PAL „s A MH% M 8 % 108% M Staley Mf* Os.. 99% 91* 99 29 S O N Y 6%5, . M 3? 103% 103% 2 Stand PAL «s.. 99% 99? 99? 2StI, O * C 6s. . 96% 96 96 1 Sun Oil 6%s ...M2? M 2 % 102% 17 Swift A Co 6s. 100% 100% |OO% 8 Texas PAL 6s 100 99? 100 , 11 Transcont Oil 7sUl% 111? 111% MUG Util fl %a A 98? 98 98 2Un Oil Prod Ms. . 70 7o 70 86 U L A R S%» >lB% 98% 98% 1 US Rub 0%. '2B 100% 100? 100? ft# Rub «%s 32 101% MJ? 101% lU| Rub 6%s *3O 101% lol? DH? 1 US Rub 6%# '3B M 2 102 M 2 I US Rub 6% a '4O 101% 101% 10l % 39 Util P A L 5% s 02% 92% 92% 10 Van Ca Pack 8s 7? 7ft 75 18 Warn ft P 6%s 100% 90% 99% 30 Warn Quin 6s , . 100? f*|% 99% 6 Wel»ster Mil t)%a 96 96 116 3 West pow 6%s A 99% 99% 99% Sales In ! thousands. FOREIGN BONDI. J 2 Arrl M Da 7s '46 98 08 98 I A*rl MBa 7s '47 97% 97% 1*7% 18 Batavia pet 4%# 94% 94? 94% 1 46 BraaiJ 6%s '57. . 93% 93? 93? 1 Brisbane 5s '67 94 *1 04 % 94 *k - 6 Buenos A 7s '62 99% 99 99% ' 6 Buenos A7 %s 101 % 101% Ml % * 30 Cent BGBAs B 90 90 90 1 ICordba Ary 7s . 97 07 97 J Danish Oils 5%s 08% 98% 98% I 1 Denmark ft %•. .Ml Ml Ml 1 3 Estonia 7a..... I*l 91 I*l 42 Free Ht Prus 6s . 93% 9 % 91% 34 Free 8t l*rus 6%s 96% 9ft 90 1 M tier Cults Mun 7# 90 98% 98% !• Hamburg Mlale 6s 1*3% 9.1% 93% i Hanover State 6s 94 94 94 3 Did M B Fm 7s. 100% 100% 100% , 90 Irish Free Ht fts 97 07 97 i 14 Dar.-o }ly Kl 7s 91% 93% 9.3% . 14 juguai H M Ilk vs 84% 84? HI? 2 j/smb«vrd El 7a A 94% (*J ? 94% I :: Memlnsa 7 %a'5J (*6% 1*6% iih? 46 Merldinn El 7s A 96% lift 9ft? 0 Mur It Bug 7s I* 92 % 92 % 92 ? 1 M ifk lien 6s 1 X 96 I*6 96 I Muni Medei Hs 102% 102% M 2 % 4 M'liil Medellin 7a 03% 93 93 6 Nor My E ft % s A 9ft 95 95 ft Nuremlterg (Is 90% 00% 90% 2 Rio Gran 7s '66 I*7 % 97 ? 97 ? 1 Riu Gran 7# '67 96 ? 96 % ini ? 3 nuas Guv 6% a lft 16 jft 73 Ru Go o%# uda |ft% Jft jft 1 Halida F alla fts A 103% M 3 % Ml % 11 herbs 7s II 66% Hit? Hit? ft fhlnyei F.l 6% s 9.3% 9.1? 93% 2 Btil*8 til* II 7# 36 wa 04% I*4? 94% 11 Stiu If 7s '46 wa 93% 93? 93% oftwi*s Govt 6%s 1(12 M 3 M 2 2 Tyrol Hy.l Klee 7s 93% 0.3 9.1 llUol EJ Her 7s A .Ml? 101 Ml % , AU Kl H«r 7»A ww 02? 92 % 92% 1 7f? ftl Wks 0 %sA !i3% 92? uifit J.t Vienna 6s 90? ftA? 00% •Ex dividend . STEEL OUTPUT OAIHS. NEW YORK, January ft OD.— JiiKot output of flres United Hlitlea Ht*e| (,'or- j port,tlon la n«,w ut 70 par cent of tm 1 f.aclly, a aiibata'llnl u i ‘>, In the luhl ' week from tho low level of th« Christ ina* holhluya, aiound 60 per cent Upcratlons were at 73 per cent htf,.|« | tha h-.llduy ahuiduwna. Tha averse* * for she entire Induelry la now around 1 • 7 per cent, ugiilnat 67% per cent In 1 the holiday period. Karly to 1927 the 1 uverniftt for the Industry was about 1 76 p«i cent. ( NEGOTIATIONS INCOMPLETE. , NEW YORK, January ft (>|>> | .Lio.ua A 1 aiuphell, preaidant of I youiiFatowii Hhetit A Tub* i'g,, aM y* , negotiations for (he acquislttoii of fn t land Hteel am *tlll (hcoinplei*. "One at a time" was hla ooomient when > .inked whether Yoongniowo Mhael A Tul.a , ontemplaind nmhing oveitures to Jones A iHiughtln Hfeel, - # 1 OHDKKH LIKELY TO GAIN NI'IW YORK. January b (d*).~|*ue I to ltin Du leased duinnud for steel, < unfilled ton nag* of the United Htatee I Hteel ( Y 'ofpoiaUnr* at the < lose of Da- l ieml*er is eapaiied tu show a gain 1 of inure then 209,009 lons, and pi oh- < ably may exceed 200,000 ton*, ■hould 1 this develop. H would he the iargeet I Increase in hookings elm e lisceinher. | 1826 Unfilled orders at the close of 1 f«#»»in*mi W*i* 8,341,049 lona I WARFARE IN MEAT INDUSTRY MS East Against Cattle Grow ing Areas One Result of “Battle on Beef.” I*Y J. C. HOYLE. Special Dispatch to The Star. NEW YORK. January s.—The con test between meat consumers and the producers, packers and retailers Is be coming more bitter every day. to the detriment of each parly in the con troversy. over tho increased prices for beef. It Is Involving a marked change in diet among the inhabitants of some sections of the United States, and is bringing about a buyers’ resistance to the products of certain sections which, while It has not yet assumed the mag nitude of a boycott, is undoubtedly showing a trend in that direction. Consumers in some sections of the East have appealed to their fellows to restrict their consumption of beef un til the price of that commodity comes down. In retaliation, the beef-pro ducing sections have urged their friends and neighbors to refuse to buy goods produced in or shipped from those districts where this anti beef movement Is most active. Additional Sale of Pork. Meat production and consumption for the last year In the United States was slightly higher than in 1926, hut this increase was due almost entire ly to the additional sale of pork prod ucts and there has been a marked abandonment of beef and mutton In favor of pork. Pork products at wholesale are at the lowest levels In three years, according to Oscar O. Mayer, president of the Institute of American Meat Packers, but beef prices are on a higher level than In 1926. The sharp fluctuations in the price of veal, beef and mutton have made the year an uncertain one for the packers, hut it has been a prosperous one for the live stock growers. The outlook for this year, accord ing to the packers, is showing im provement. The general opinion in tho industry is that industrial condi tions will he as good as they were in 1927. That means a still further In crease in the consumption of various kinds of meat. Substitutes in Europe. The price of live stock, however, is such as to put American meat prod ucts beyond the reach of. some of the European consumers, who have substituted other articles of diet. This country, however, is growing in population at the rate of a million and a half a year and the great majority of this Increase Is composed of meat consumers. The rise in live stock prices, accord ing to Louis F. Swift, president of Swift St Co.. will set apart 1927 as a year distinguished from all other years in the industry. "Heretofore,” he said, "supplies had been heavy and prices low. Returns to the range cattle producer had been discouraging and many of them were forced out of business. Each year it was thought that liquidation muat be about completed, but each year sup plies continued heavy until 1927. Then came the long expected turn. "The total volume of cattle slaugh tered during the early months of the year was only slightly below the same months In 1926. hut beginning in June the numbers declined materially and the last seven months of tha year were about 10 per cent under the previous year. Shortage of Best Steers. "The shortage was particularly scute in high-grade beef steers, and prices for this kind of cattle reached a peak naver before approximated ex cept for a brief time during tha war. The higher prices revived the cattle men’s interest In breeding stock, re sulting in decreased supplies of range cows for slaughter. Young stock also was held hack for further growth, which restricted the supply of this kind of cattle. “Taken altogether, producers were paid $50,000,000 more for their cattle In 1827 thsn In 1926. although the marketing was 7 jwsr cent less, as far aa numbers are concerned.” That is the situation Mr. Swift au# i other packers declare Is responsible for the present price to the consumers. Baltimore Markets BALTIMORE, January 5 (Special). —White potatoes. 100 pounds. 2.00a 2,26; barrel. 3 25/i3 50, sweet potatoes, barrel, 2.60a3.00: yarns, barret, 2.60a 3.00; beans, bushel. 3.00a4.60; brussets sprouts, quart. 20a26; cabbage, ton, 12.00al6.00; cauliflower, crate, 2.50 u 2.75; carrots, 100, 3.00x5.00; celery, crate, 1.60x2.26; kale, bushel, 36a46; lettuce, crate, 3.60a4,00. onions, 100 pounds, 2.00a2 50; peppers, crate, 2.00a 2.60; Savoy cabbage, bushel, 35x40; spinach, bushel, 1.25x1.60; tomatoes, crate, 2.50a4.50; squash, crate, 2.00a 2.50; turnips, basket, 20a40. Apples, Ittsket, 1.25a’.!. 60; barrel, 3.60a7.00; cranberries, one-half box, D.OOaIO 00; grapefruit, l»ox, 3 60i»4.50; oranges, l»ox, 4.60x6.00; tangerines, box, 2.60x3.50; strawberries, quart, 1.2f>a1.60. Live poultry—Turkeys, pound, 40a 44; old toms, 3<taß2; poor and crooked breasts, 25; Spring chickens. 27a28; leghorns, 24fi26: poor and thin, 20a 22; old liens, 22a28; poor and leg horns, 20; old roosters, 15a!H; ducks. 2ftu2B, poor snd thin, 20a22; geese, 23 “27; guinea fowls, each, 6<>aßS; pig eons, pair, 30n35. Dressed poultry—Turkeys, pound, 40h44; old toms, 30n32; poor and crooked breasts, 20a26; young chick ens, 24n26; old and mixed, 20a24; old roosters, ducks, 25x28; geese, 24/08. Egge Receipts, 2,367 cases; native and nearby, rusts, in free cases. dos •n. 46/i4O; current receipts. In free cases. 42a44. Rutter—4)ood to fancy creamery, pound, 48x64. prints, 64x66; blocks. r,3a(i6; ladles, 27/i3B; rolls, 34a3A; store parked. 3?a33, dairy prints, 34a 36, process butter, 42u43. (lay and Drain Prices. Wheat No. 2 red Wilder, export, 13!i\, No. 3 red Winter, export, no quotation; No 2 red Winter, aarilcky, (loruestto, I 3U\; No, 8 red Winter, gnrllckly, domestic, no quotation. Corn No, 2 yellow, domestic, 99a 1.00; No. 2, contract, export, WbVs, cob corn, new, 8.70x1.76 per barrel. Oats—No. 2 white, dnmeatlo, flS'sa 64. No. 3 white, domestic, 62x63. Rya-Nearby, ttoal.oo. Huy -Receipts, 44 lona, New hay lx arriving In only limited quantity, It le, thsrefme, not being olltclally graded nu/1 eells atiictly oil Its merits, within rauge of 10 00x17 00 a ton, tim othy and clover grades Htraw- No, i wheat, II ,00x13.00 per ton; No. 2 oat, 19.00x14.00. FREDERICK BANKS FAT. Sgm i»i l/ltpstoh la Tits Xlsr. If'RNDEHK’K, M«1. January s. Between $600,000 amt $600,0u6 waa paid out aa aemlanmml Interest and dividends to depositors ami xtmik* holdeia of tha ala local Isiuka on Jan uary 1, of this amount SM.IBMt waa paid out In aeiul annual dlvb /tends on capital stock by tha Own munlty K'luanca Clo, and the els banka, Tha IJHlsana' National Bank paid out $30,000, or It) per cunt, on j tha capita! etjAk for the past aid liionthg. m rrasn iao[ fi»»4 IWT tm rm ~ ueee weesn 1 »| CAlJfliifflii/f"| WCIfIB6 COUP I AOU h— :=3gi I CABtM.«n,4« n.| tfl 1 I- I I I J I’KK SHARE ANALI’BIB. What Is Hark of Esrh Nhnrr. _ Febniary 28. 1027. Per share. Total grosa assets $07,30 Less unpaid current bills 17.76 Net assets for common $49.66 Ten-year average earnings on present stoi'k ft.l7 Net earnings 1926 9.18 Net earnings 1927 6.17 Stock pays dividend of 4.06 Business for 7 months present fiscal year about euunl to total for previous year. Dividends have been paid continuously atneo organisation. At 76. stock yield* ft. 2 per cent. (Consult your banker or broker for fur ther information aa to values back of this atock.) wheaThassetback AFTER EARLY CLIMB Bear Pressure Comes on Heels of Statements of Widely Known Trader on Conditions. By the Associated Pres*. CHICAUO, January 5.—A1l grain prices underwent a decided setback to day after showing an early upward trentj. Increased selling pressure de veloped on account of a bearish con struction given to statements by a widely known trader regarding gen eral grain trade conditions. Notice was also taken of heavy Argentina exports of wheat, larger both than last week and a year ago. Wheat dosed heavy to l’a net lower; corn, % to % off; oats, % to %a% down, and provisions showing 2 cents decline. WHEAT— Hich Low Close. March 1.31% 1.29% 3 29% May 133% l 33 131 July 1,28% 1.26% 1.26 % CORN-- March 88% 86% 86% May 91 % .90 .00 July 03% .92% .92% OATS— March 54% .53% 53 % May 55 54% .54% Jul^ Y .63% 52% .62% March 109% 108 108 May 1.10% 1.98% 1.08% — WILL SPEND NEARLY BILLION NEW YORK, January 5 CA*).—Elec tric light and iiower companies in the United States plan to spend $300,365,- 000 on new construction in 1928. The budget for tho new year is one of the largest for new facilities indicated in the history of the Industry. Elec trical World reports. While all sec tions of the country show gains, con trasted with actual exi>endltures in 1927, the Southern States nnd North Central State* lead in the rate of growth of proposed capital expendi tures. Actual expenditures on new construction and improvements by the electric utilities in 1927 reached $760,- 353,000. Commodity New§ OWOSSO, Mich., January ft (Spe cial). —A basic price of $7 a ton, with $8 a ton for deliveries to the factory, is offered beet sugar growers of Mich igan by the refineries for the H2S crop. CHICAGO.—Butter prices are rela tively high at present and there Is talk of an increase In Imports early this year, sine# tho difference between the New Y'ork and liondon price now is almost as much ns the tariff on but ter shipments into the United States from Canada. PHILADELPHIA."* Philadelphia wooien mills have been contracting for their 1928 supplies of raw mate rial. with a good deal of activity in the last few days. One Philadelphia 1 buyer paid 40c a pound in the grease fcir two choice Montana clippings. Much desert wool is Vicing taken over IMI southern Utah at 31 to 32. UTlCA.—Cuttings of fine gloves in the last month have totaled approxi mately 6.000 down pairs more than for tho corresponding i*ertod of 1926. The Increase in work glove production has been even higher. On the eve of a most sensational victory The New B'Cyttndcr President j 100 horsepower— I *l9Bs ■£££, I I Inaugural reception— Saturday, January 7 1928 In addition to this luxurious new 8-cyliiv der car, see the new American Edition of the Enkine Six, the new Dictator and The Commander, world’s champion car j |j Joseph Mcßeynolds Mill St. hi R IfkVi (aiiin. Avt. Pot. 1631 N. 6575 * i STUDEBAKER, j whi tte m»« annuw a— I SEE-SAW TRADING IN COTTON MARKET Early Offerings Take Prices Down, but Small Ad vance Follows. Jly die As/vx/lated Press. NEW’ YORK, January s.—The cot ton market opened steady today at * decline of 1 to 2 points, active months showing net losses of about 6 to 9 points In early trading under liquida tion and local selling. Offerings were comparatively light and after the decline to 19.28 for March prices firmed up on covering and trade buying, with that delivery selling up to 19.43, and active months showing net advances of about 4 to 7 points by the end of the first half hour. Private cables said there had been some continental selling in Liverpool, hut later the news from Manchester was more encouraging, demand for cotton cloths showing an Improvement In many directions. The rally from the early decline ap peared to meet slightly increased of ferings and the market eased off again under a renewal of liquidation, with a little local and Southern selling. March declined to 19.20 and active months generully showed net losses of about 14 to 18 points, hut the market was narrow enough to be influenced by comparatively small orders either way and prices were 4 or 6 points up from the lowest at midday on covering. —■» —- CHICAGO LIVE STOCK MARKET CHICAGO, January 5 (United States Deiwrtment of Agriculture).—Hogs— Receipts, 80,000 head; uneven; 25 to 40 lower; most loss on weight aver ages 170 pounds down; early top, 8.70; hulk, desirable L’lo to 300 pound aver aKes 8.45a8.65; 160 to 200 pounds, 8.3> a5.55; most pigs. 7.50x8 00; packing sows, largely. 7.10a7.50; heavy-weight hogs. S.l'*aS.7o; medium, 8.2.'»a8.65>; light, 8.00a8.60; light light, 7.50x8.10: packing sows, 7.00a7.60; sixughter pigs. 7.25a8.00. Cattle —Receipts, 14,000 head, early trade on fed steers weak to 25 lower; prospects more decline; shippers fairly active: buyers of fat cows and heifers; big packers bidding 25 or more lower; bulls, steady; light vealers. 50 to 75 lower; shipper kinds, steady; largely a steer and yearling run; best steers, early, 17.00; numerous loads, 12.50a 16.00; weighty sausage bulls, up to 9.00; light vealers, 12.50x13.50: ship pers, 15.00a 15.50. Sheep—Receipts, 14,000 head; fat iambs opening fairly active; strong with yesterday; asking 15 to 25 higher; around 13.75 and 13.80 for choice handy-weight; early sales of better grade lambs. 88 pounds down, 13.00a 13.50; good to choice. 92 to 98 pound offerings. 12.25x12.75; 100 to 120 pound kinds, 11.25a12.00; sheep, firm: fat ewes. 6.00a6.75; choice light weights, 7.00. ■ ... , ■ —■-« ■— BUYING B. & 0. STOCK. BALTIMORE. January 5 (Special'.— Investors are reported to be quietly buying Baltimore A Ohio common stock. Paying 16 a share and earning more than double that amount in 1927, it Is believed that the stock will be placed upon a $7 dividend basis as soon as the management feels confi dent that the business situation will Justify increasing the payment. INTERNATIONAL PAPER COMPANY. — New York De-ember 2S. 1927 —The boon! of direct* rs hav<- declared s Quarterly divi dend ot *lxlv zeinez rents » share on the common »tiMK of this company, parable Feb ruary IS 1929. to common stockholders of record at the close ot hurt new February I ! 1928 Checki to tw mailed Transfer book* will not close OWEN SHEPHERD. Vice , Pry silent and Tre»»urer. I LOANS 1 ON HOMES Prompt Attention Given All Application* 5V 2 % Interest Run for 5 }cars without j curtailment. Wm.H Saunders Co., Inc. Founded 1887 Main 101st 1433 K /.earn Correspondent for the Provident Mutual Lift lutmrtutt Company of Pkiladelpkit J j Money Back | 'T'HAT is the guarantee of the Surety Company on the Insured 6*/2 10 Bonds of the Federal Security 6? Mortgage Co. * If the maker of the Bond cannot pay, the Surety Company will—but no Surety is going to guarantee a bond* unless it is sure the maker can pay. Mail Coupon for Information Regarding 6Yi% Insured Mortgage Bonds C. E. Moran & Co. jIjSHSF' Incorporated I Washington, D. C. Investment Bankers j s '" d m * Circullr Xo MBiS 1716 H St. N.W. I | Addresa IMPORTANT Personal Tax Information The law requires a return of personal property, which ia subject to the District of Columbia In tangible Tax of one-half of one per cent (f of 1%) of the current value, based on values of January 1, 1928 (closing securities quotations as of December 31, 1927). If you will send us a list of your securities, we shall be pleased to assist you in preparing your return by indicating those which are taxable and furnishing the necessary quotations. We shall be glad to offer suggestions to strengthen your investment position and to assist you in placing current funds to the be:* advantage. By consulting ut you incur no obligation. Crane, Parris & Company Investment Bankers Since ISS3 823 15th Street N. W. Telephone, Mein 5fJ | LOANS | On Improved Property I ! i We nvite applications tor loans on im proved property on a MONTHLY PAYMENT BASIS OR STRAIGHT THREE-YEAR PLAN Lo u> Interest Rates I American security l • AND TRUST ONPANY • Reel Estate Dept. 15th and Penna. Ave. BRANCHES. Centra!—7th and Mass. Air \\\ Northeast—Sth and H Streets N F Southwest—7th and K Streets S\\ Northwest—ll4o 15th Street N.W S A F F. F I R S T MORT G AGES I , 1 FOUR FACTORS _ FORETELL ! the utmost desirability h&AjH investment ot surplus funds on may make in our 6% FIRST MORTGAGES Oatr a l hod of a The\ ate bexond all question Citm hp \ sate. Their income-earning IIT/AawJ 4 power is sure and definite. , Their security is real and \ | tangible. Their issuance is | based exclusively on conserva- j live appraisals, 1 1 B. F. SAUL CO. Mailt iflOO *>.’s 15th St. N.W, 11 TURKIC IS NO SUBSTITUTE FOR SAFETY ‘ ll— —a J 13