davidaulloa/AmericanStories huggingface dataset:
Evening star., 1927-03-13
BY EDWARD {. STONE.

Washington bank stocks are just
now gripping more public attention
than usual and several new high
records have recently been attained.
Hardly day passes on the local
stock exchange without one of these
issues climbing higher than II mas
ever been before, or at least on the
present advance. One OF the local
banks compiled statement few
days ago showing dividends paid, IN
cluding extras. last sale prices, last
bid prices. yield on last sale and the
yield on the last bid.
The selling price is so high on
many of these bank stocks that the
WELD Is. of course. only moderate.
In fact, the retErnS on most Of these
issues are so low that they are
really in the class with Government
bonds. They are so conservative that
most of them yield under 4 per cent,
although far more than that to those
who have been holding them for
some years as they have steadily
moved up the ladder.
The fact that local bank stocks are
in such good demand, when the yield
if bought at present high prices is
rather low. indicates the stability of
Washington banks. Bankers say it
is surprising how many of the stocks
are owned by out Of town investors
who appear anxious to get them for
the long pull" Those who bought
them years ago not only have re-
ceived their interest payments, but
have a handsome profit due to the
advances in quotations.
One Washington banker states that
a good many wealthy men in other
Evening star., 1927-03-13
DRINK WATER WHEN
KIDNEYS HURT YOU
Take Glass of Salts if Your
Back Aches or Bladder
Troubles You

1 When you wake up with back
ache and dull misery in the kidney
region it may mean you have been
4 eating foods which create acids.
says a well known authority. An
excess of such acids overworks the
kidneys in their effort to filter 1t
/ from the blood and they become
sort of paralyZed and loggy. When
your kidneys get sluggish and clog
you must relieve them, like you re-
lieve your bowels, removing all the
body's urinous waste, else you have
backache. sick headache, dizzy
spells; your stomach Sours, tongue
is coated, and when the weather is
bad you have rheumatic twinges.
1 The urine is cloudy. full of sedi-
/ ment, channels often get sore,
water scalds and you are obliged
to seek relief two or three times
during the night.
Either consult good, reliable
/ physician at once or get from your
H pharmacist about four ounces of
4 Jad Salts: take tablespoonful in a
glass of water before breakfast for
a few days and your kidneys may
l then act fine. This famous salts
/ is made from the acid of grapes
/ and lemon juice, combined with
| lithia, and has been used for years
/ to help clean and stimulate slug.
\ gish kidneys, also to neutraliZe
I acids In the system, so they no
longer irritate. thus often relieving
| bladder weakness.
1 Jad Salts is inexpensive, cannot
! injure and makes a. delightful, ef-
I fervescent Whitewater drink. Drink
I lots OF soft water.-~Advertisement.
Evening star., 1927-03-13
LOCAL BANK STOCKS SHOWN
IN EXTRA STRONG POSITION
Present Yields Put Many in Glass With
Government Bonds-New Broker
Office Opens-Financial Notes.

cities have bought these stocks with
the idea of holding them for long
period, perhaps for 20 years. They
prefer them To insurance. They get
their interest regularly and stand a
chance in 10 or 20 years of getting
larger returns than they could from
an Insurance policy carried for the
same length of time.
The United States Bank pays the
highest dividend of any bank stock
on Washington. 80 per cent But
there hasn't been a sale in this issue
for several years. The last sale was
made at 213, the return at that price
being 14.08 The last bid was 500,
but no stock was offered. Should a
sale be made at that figure, ii would
bring the return down to & per cent.
The Security Savings and CONNER
cial Bank pays II per cent. The last
sale, at $40, gives return Of per
cent Both Riggs and the American
Security e. Trust are paying 10 per
cent dividends. Riggs selling around
40 and American Security at about
$50. Next to these banks In paying
high dividends come National Saw
ings & Trust. which paid 14l2 last
wear. Washington Loan and Trust,
East Washington Savings and the
National Capital Bank, all of which
disbursed IA per cent last year. 1t
should be noted that Fact Washing
ton Savings stock has a par value
of $40 per share. while the others
are 500.
Other Strong Bank Securities.
The National Bank of Washington
paid 13 per cent last year. The last
sale was at 2S5. making the return
4,54. In the II per cent class are the
Evening star., 1927-03-13

In the rear. The ventilation has been
made d special feature. and the entire
suite has been finished in most at
.tractive manner.
The manager Of the Washington
Office Is Arthur Foraker. The stock
department is in charge of F'ranck
HYATT. who has been in the brokerage
business here for several years, and
associated with him are William j..
DuBose and Alexander McCook DUN.
lop. The bond department Is headed
by Leon Shore. who has long been
connected with the local financial dis
trict. He is assisted by Clement G..
Randle. Frederick S. Lee, Edward j.
Hensley and Edward f. Baldwin.
Six partners make up the hrm or
Eastman, Dillon & Co The firm has
Offices in eleven cities.
Chevy Chase Dairy Opens at lOl.
First trading in the newly listed
Chevy Chase Dairy preferred stock
took place Yesterday on the Washing
ton Stock Exchange when 20 shares
changed hands at 10i. This stock was
listed on Friday.
Trading was rather light in most
issues. Potomac Electric Power pre-
ferred came out at 10S1s, and "a
shares of Lanston Monotype sold at
9414 Continental Trust Co. stock
came out at 107A
In the bond division there were two
S5 900 transactions in Barber & Ross
61a per cent bonds at 9S12, While
Washington Gas 6s. Series A, brought
1915
1t is announced that the monthly
meeting of the directors of the Mer-
genthaler Linotype Co. will take place
on Tuesday in New York. IL is not a
meeting for dividend action.
Banks Seventh Anniversary.
The Liberty National Bank noted
it's seventh anniversary on Friday, the
officers receiving many congratula-
tions on the excellent progress the in
stitution has made. The present Off
cers include George o. Watson, presi-
dent: T.. j. McQuade, vice president
NJ. f.. Calnan. cashier: j. b. Skinner.
assistant cashier, and r., p. Little
page. general counsel. The directors
are: c. B. Asher. T.. $. Brashears
Thomas p Brown, Charles A. Cana
lier. s. T. Cameron. NJ. o. Chance
John 3. Clark, j. T. Gull. jr.; DR.. l.
Evening star., 1927-03-13
fore you buy an electric refrigerator

Safe Refn9erant: Non-poisonous. non-corro-
sive, absolutely safe. Works under low head
pressure, therefore reduces danger Of leaks to
minimum.
No Brine Tank: Employs direct expansion
coil in cooling unit. More room TOR food-better
circulation of ar-more sanitary-more respon-
sive to temperature control.
Moderate First Cost: You can buy Iroquois
Electric Refrigeration, with all its advantages.
at the same price as an ordinary machine.
Sometime soon you'll have electric refrigeration
in your home. You owe it to yourself to nvesti-
gate the quiet Iroquois before making choice.
Come in and let us demonstrate
Evening star., 1927-03-13

IF. Davis. Tracy l.. Jeffords, Paul +.
Johnson, r. p. Littlepage. Lennard If,
Mitchell DR.. r. II. Morhart, William
RI. McCray y. J. McQuade. r. H..
Neumeyer. II. l.. Rust, jr.; I. T.. Shoe.
maker and George O. Watson.
American Ice Co. Buys Plant.
The American Ice Co. has pur-
chased the plant of the Washington
Ice Co.. located at 1928 Twenty-third
street northwest, which gives the
former company four plants in this
city. The Washington Ice Co.'S plant
is electrically driven and has a capa-
city of 1870 tons of ice daily. The Amer
ican Ice Co. now has So plants, with
operating divisions in New York. New
ark. Boston. Atlantic City. Philadel-
phia. Baltimore and Washington and
nearby points.
Evening star., 1927-03-13

goods, and the greater hranness -
commodity prices. All these are condi'
tions that have obtained Tor some
time. The trend Is merely accehtuate1,
This week over production IN on
and price cutting consequent. thereon
and apprehension over compeutioh
i'm the automobile industry are paftia
offsets TO favorable developments else
where. .
The stock market. nevertheless. Is
in the mood 10 emphasize the bfiRht
side
I'm this connection the way IN whlch
the market received the untitled ton
nove statement of the Emitted states
Steel Cornorauon is Illuminating. TIT
total at The end of February was the
lowest since last September, but th'
falling off aroused no concern. IL
was accepted as further evidence
the prevalent custom of buying only
for immediate needs.
Furnish New Surprises.
Corporation reports for 1926 as the
have auDeared this week furnished
new surprises. Save in one on two
instances. the market reaction 10
them was not pronounced something
might be said about the practice Oh
charging depreciation and various
other items of loss against reserves
previously set mp instead Of including
Them i'm deductions in the annual m
come statement. The information II
an there ready at hand for any one
who can interpret 1t. but II often
makes the years result appear more
favorable than ii really is.
tCopyright 1927
Evening star., 1927-03-13

Columbia National. Farmers and Me.
chanies, Lincoln. National Metropoi-
itan and Seventh Street Savings. The
Federal-Amefican paid 10 per cent
last wear During the past week IL
sold around 800. giving return of
312. The Union Trust Co. stock,
which paid 91a per cent last year,
reached a new high mark A few days
ago at 264, returning at this fiSure
365.
AT present the Second National is
paving per cent selling at 275. Civ
ing a return of 3.65. The CONNER
ciai National District National and
Bank OF Commerce and Savings are
all paying per cent. II Is interest
ing to note that since their recent ad
vancos they are selling at almost eN-
actly the same -approXimateiy
249--Which means return OF 3.22
The Merchants Bank and Trust Co
pays per cent and sells around loOh2
which makes the return just under
per cent. The Liberty National,
per cent dividend payer, has been
selling around 205, making the pres
ent return about Az per cent. The
Washington Mechanics Savings Bank
pays % per cent, but the par value
of this stock is 10, so that the yield
is 4.4.
Only banks listed on the Washing
ton Stock Exchange are mentioned in
the above analysis.
Eastman, Dillon in New Offices.
The Washington office of Eastman
Dillon & Co. has been moved from
the Investment Building and will
open for business tomorrow morning
in handsome new quarters in the
Wilkins Building, at 1872 II street
northwest After several weeks
work these new Offices have been ar.
ranged to provide every investment
and brokerage facility. The firm
handles both stocks. and bonds and
has had seat on the New York
Stock Exchange since its organization
in 1910.
The new offices are most attractive
The boardroom Is large. completely fur
nished and well lighted. The bond and
investment departments occupy the
front part of the office, then come
private offices of soundproof cOnstruc
ton. space for the cashier and the ac
counting section, with the boardroon
Evening star., 1927-03-13
UNDERWRITERS TO MEET

George 3. Farquhar. president of
the District of Columbia Underwriters
Association. announces that NJ. Albert
Linton of Philadelphia will address
the March meeting at the Raleigh Ho.
tel next Tuesday. The speaker stands
high in Quaker City insurance circles.
The luncheon starts at 12I5.
There are also is applications for
membership in the association 10 be
voted upon at this meeting.
Evening star., 1927-03-13
RAW SUGAR STATIONARY.
Undertone Easier. With More OF.
ferings in Market.

NEW YORK. March u CP).-The
raw sugar market was unchanged 10.
day. but the undertone was a little
easier. with more sugar offered at
last paid prices or 40 for Cuban duty
paid. Trading was light. the only sale
reported being 1000 bags of ST. Croix
for late March shipment to an out.
port refiner at 4.90.
Influenced by more liberal offerings
in the spot market and easiuesS abroad.
raw sugar futures We're easier under
selling for trade and Cuban account.
The close was at about the lowest and
] to points below the previous day.
Approximate sales 81 500 tons March
closed. 3.0S: May. 3.lS: July, S.25;
September. 3.35; December. 3.24;
March, 1928. $50.
The market for refined sugar was
unchanged at 500 to $50 for fine
granulated with only a light inquiry.
Evening star., 1927-03-13
FOREIGN EXCHANGE.

NEW YORK. March 12 OP1.-For
eign exchanges firm. Quotations Gin
cents): Great Britain, demand. 4S47s
cables, 4S5k 60-day bills on banks
4S07s; France. demand. 3.90@4; cables
S.91h Italy. demand. ASH: cables
4.45&. Demand; Belgium. 1890; Ger.
many, 23.71is Holland. 39.9shs; Nor
way, 26.15; Sweden. 26.74; Denmark
1858; Switzerland. 1S.23Ia: Spain
1921: Greece. 1.29; Poland, 1850
Czechoslovakia, 2.96; Jugoslavia. I re
Austria. 1925: Rumania. go; Argen.
tina. 1925: Brazil, 11.S1h: Tokyo
49.15: Shanghai. $3.50; Montreal,
99.S1i4
Evening star., 1927-03-13
COTTON SELLS LOWER.
Late Rally Fails to Make UP Early
Saturday Declines.

NEW ORLEANS, La, March =
H).-The cotton market continued its
downward movement today. although
it encountered good support from
trade buying and covering for over
the week end First trades showed
no change to points down on lower
cables and prices gradually eased off
until May traded at 1892, July at
14.O5 and October at 14.15, 8 to 10
points below Yesterdays close. A 4
to 5 point rally in the last hour was
insufficient for complete recovery.
Cotton futures closed steady at a
net decline of to points. March
1888 bid; May. 13.9697; July, 14.09-11
October, 14.19-21: December, 14.29-30
Spot. steady and unchanged; mid
ding, 1400.
Just after applying the knife TO g
patient under chloroform. a surgeon ir
Budapest became i'll and collapsed, his
assistants successfully completing the
Onera ti0n
Evening star., 1927-03-13
OIL PRICE CUTS MET.

INDEPENDENCE Kans.. March IL
Op).-The Prairie Oil and Gas Co. to.
day met the cut in crude oil prices
made yesterday by other companies
in the midcontinent field. An average
cut Of % cents a barrel was an
nounced. The new prices range from
SLIP to $3.50 a barrel according to
gravity
Evening star., 1927-03-13
RAW WOOL VERY DULL

BOSTON. March 10. -- Raw wool
markets closed the week very dull.
Prices are generally firm, but Occa
sionsl reports are heard of BUYERS
picking up lots at low prices. Fine
territory is quoted at los TO lie clean
basis
Evening star., 1927-03-13
CHICAGO STOCK MARKET.

F.. CHICAGO. March II P).-Oficial
closing prices on Chicago Stock EX-
change. Armour preferred, S3l2
Middle West Utilities, 109A; Pines
Winterfront, Al; Swifts international,
GOA United States Gypsum. 96x.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-22
STATE DEPARTMENT
PROMOTIONS MADE
Announcement of Advancements in
.-. Foreign Service Is
... Published.

Rudolf f. Schoenfeld of the District
Of Columbia, third secretary of EN-
bassy at Rio de ,Janeiro. and George
l.. Brandt, also of the District, United
States consul at the State Depart
ment, have been promoted from the
81, 600 to the $4,000 class in the United
states foreign service.
Other promotions in the foreign
service announced at the State De-
partment are: De Witt c. Poole of H.
linois, counselor of embassy at Berlin;
Homer NJ. Byington of Connecticut,
consul general at Naples; William
Dawson of Minnesota, consul general
at the state Department. and Nelson
r. Johnson of Oklahoma, consul gen
eral at the State Department, from
the $4,000 to the $4,000 class; Matthew
E. Hanna of Connecticut. first secre-
tary, on inspection duty; George s.
Messersmith of Delaware, consul gen.
eral at Antwerp, and Louis c.. Drey-
fus, 1r., of California. consul, on in
spection duty, from the $1,000 to the
SIS, 900 class; Eldridge d. Rand of Cal
ifornia, secretary at the State Depart
ment. from the $1,000 to the $4,000
class; Robert D. Murphy of Wiscon-
sin, at the State Department, from the
$4,000 to the $4,000 class. and Charles
H Derry of Georgia, vice consul at
the State Department, from the $4,000
to the $4,000 class.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-22
MINOR ROBBERIES
REPORTED TO POLICE
Intruder Takes Prayer Book From
Woman Small Iron Bank
49, -. .. Is Rifed.

Several minor rebberies were re-
ported to the police this morning.
Taking the screen from a rear win
dow, burgl,rs early ,oday rifled
small iron bank in the home of Arthur
K. Pakson, 1927 Thirty-third street,
taking S12 and several car tokens.
Mrs Olga ,Forsberg. 4907. Fourteenth
street, reported the loss of a chain
and pendant. the pendant being set
with more than a dozen small dia'
monds. She reported .jts disappear
ance from her home in the past 10
days. ..-.-
Theft of diamond ring valued at
$500 was reported by Harriet Fried
man, 1886 H street northeast. She
said the ring was stolen from her
home yesterday. ..........
Mrs. Bessie l.. Gervair, 1O9 Rhode
Island avenue, told the police Of the
loss of a wrist watch valued at $35
and SIS bill. The watch and money
were in her pocketbook that was
taken from her automobile at Airing
tor Beach yesterday afternoon.
A prayer book and coat were stolen
from the home Of Florence Dunmore,
II Gray court southwest, last night
by an intruder who gained entrance
by breaking a pane of glass from a
rear window.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-22
TELEPHONE FOREMAN
DIES AT HOME HERE
William Wallace Had Worked for
Local Company for rs
Years,

William Wallace, 81 years old, fore:
man for the Chesapeake & Potomac
Telephone Co., by which. he had been
employed for the past rs years, died at
his residence, 1347 G street southeast,
Wednesday after a long Illness.
Funeral services will be conducted
a. his late residence tomorrow after
noon at o'clock. Rev. Charles n.
Jarrett, pastor of the Fifteenth Street
Christian Church, will ofiiciate. Inter-
ment will be in Cedar Hill Cemetery.
Mr.. Wallace was a member of, the
Washington Centennial Lodge OF Ma
sons and La Fayette Chapter. Royal
Arch Masons.
He is survived by his widow, Mrs.
Charlotte Wallace. a son, William
Wallace, jr.; a brother. Benjamin L..
Wallace of Brooklyn, N. Y, and three
sisters, Mrs. Mabel Kuntz and Mrs.
B. G. Lewis, both of this city, and
Mrs. Anderson Stone of Brooklyn.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-22
OUTGOING STEAMERS.

OA1LiN0 1ODA4.
Astreaa--san Juan. La Guayra and Mara
Merope-1nssgua and Cape Haitien.
Homerie- zcherboarg and Southampton.
Boggo nsr1o eGon az Prince cartasena and
car rns sT1ia5 cgl0Rmd6,a' and H.vrs
Choluteea--Puerto CUrtez.
Clan Macnair--Capetown esq.
River Observation-Disclosures.
-. SAILING TOMORROW.
Observation-Disclosures s snS f fssFOoS
Minnek ahdsS- iLISaddon a''' Ai'efp00''
veendam-Pymeuth Boulogne and Rot.
gaitie1.aoueenstovn. and liverpool
Hellig olay-christiansand Oslo and Copen.
siboney-Havana. ~1,.
Arapahoe-San Juan.
D1o Dorothy SAINT. Domingo Citys
San ,Joss-santiago. Kingston and Puerto
7 Colombia.
u nlSsnpys.aa cristobai and Port Limoh.
c cGpg geesh, PPlo,m o,I.a Aires
Howick Hall--Buehos Aires.
N3rdfarer-Nassau ~: .ct.s
SAILING SUNDAY. JULY "A.
Kansan-Cristobai and Pacific Coast.
!. SAILING MONDAY. JULY rs.
Blue Tfiangle-Alexandria. .a
SAILING TUESDAY. JULY &c.
Cristobai-Port au Prince and Cristobal.
Matura--Grenada. Trinidad and Demerara.
SAILING WEDNESDAY. JULY 81.
Carilio----Kingston Cristobal and Santa Marta,
M araoaibo--San Juan La Guayra and
observation-disclosures and SOUTHAMPTON.
President ACKNOWLEDGEMENTS Cherbourg
:. and Bremen
Roma-Naples and Genoa.
SAILING THURSDAY. JULY 20:
American Trader--Plymouth- and London.
Observation-Disclosures. Southampton and
Hamburg.
Dominica-St Thomas Martinique and Trini.
dad.
Mexico--Havana. Progreso. Vera Cruz and
Tampicp.
San Loretizo-San Juan.
Suffren--Havre.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-22
FRUITS ARE ACTIVE =
AT CENTER MARKET
Prices of Many Varieties Rise,
With Raspberries Disappearing.
Chickens Unchanged.

Bartlett pears. arriving at Center
Market this week, give to Washing
ton housewives another fruit for the
canning and preserving season. At
their initial price of so cents a quart,
however. 1t Is likely the pears will be
better table delicacies for the pres
ent than stored sweets for the coming
Winter months.
Currants and gooseberries, which
came in last week, hold to their debut
prices of 80 cents a quart for the
former and 25 cents quart for the
latter. Huckleberries dropped 10 cents
a quart to sell at 25 cents while red
raspberries disappeared entirely and
the black raspberries mounted to 40
cents a quart as they near the end of
their season.
Black cherries are higher Also prov
ing that the fruit market these days
Is by far the most active. Most deal
erS are charging so cents a pound for
them. The sour variety for cooking
are rs cents, the same as they were
last week
Plums, the dark.red variety, are a
trif1e higher at some stands today,
where they are bringing 20 cents for
a box of six and so cents for box
Of Is. At other places, however, they
are to be had at last weeks price,
Is cents and 40 cents for the two
boxes.
Large peaches, mellow and sweet,
are bringing 80 cents for a box OF
about 10 and IS cents for a box If
more than rs of a larger variety.
This price is about the same as last
week.
Apricots sold this morning at IS
cents box of nine and bananas were
to be had at 80 and 80 cents a dozen.
Honeydew melons are bringing so
to IS cents apiece, depending upon
size, while cantaloupes are 20 and %
cents apiece, this price being trifle
above last weeks quotation. Water
melons were selling generally this
morning at 81 and pineappIes were
bringing 50 to so cents apiece.
North Carolina corn was selling at
| Is cents a dozen today and the same
price will be charged tomorrow.
Potatoes are bringing z cents a
pound nowadays or four pounds for a
quarter. Branch tomatoes are still
25 cents a pound, and this morning
they seemed better grade than those
| which were offered last week.
| String beans remain at 10 cents a
| pound, and peas are Is and 20 cents
a pound. Lima beans at rs cents a
quart are a little cheaper than they
have been, and they are far more
plentiful, with most dealers carrying
large stocks.
| Frying chickens are unchanged al
so cents a pound, and bakers are
steady at As cents while; the stewers
hold at 40 cents. Dressed meats
beef, lamb, veal and pork-are all
about the same as last week.
Dairy products, too, are unchanged
with eggs, butter, cheese, milk and
cream all selling at the came prices
| they brought last week.