The Washington times., 1928-07-03
TITLE COMPANY
OPEN HERE
TODAY
Nv RICHARD HATrON

Announcement Is made OF the
opening Of the Capitol Title and
Guaranty Company in their tenn
Sorary offices at 1920 K st. n. w
on october / the company expects
10 he installed in its permanent
quarters on the main floor OF the
new Chandler Building, now under
construction at 1859 st.
For more than three years the
organizers Of the new corporation
have been engaged in installation
Of a plant described as the most
comnlete and perfect system as
aembled anywhere" According TO
John Paul Earnest. president OF the
company. il will offer TO bankers
real estate and business men five dil-
ferent branches of service In real
estate title and allied fields.
titles Guaranteed
The New York Title and Mortgage
Company of New York has under
taken to guaranteeAan titles certified
bv the local company. The New
York company, which is the largest
!. rranization OF its kind and is op-
eratinr in az States, pronounces the
new plant the most modern ana eLAa'
Gent ii ever investigated,
nirAetion and control OF the new
rnuuanv is in the hands OF Wen
known washington men, VINO say
thev will give the city the best ser
vica obtainable anywhere. An
no.,ncenent OF the personnel Is e&-
uected in the near future. Wlde IN
tepast in both banking ana real
4.ta circles has already been eVi-
aanced over rumors that the. conn
Y,anv was to begin operations mere
ana tbe authoritative statement tn'1
cffscas will be opened today VIII DC
raceived with much satisfaction.
Financial Statements
Financial statements Of the Fed
aral- American Company as at June
"a show total resources Of S2,OSs,-
7sass offset by liabilities amount
Ing TO 3472, 56s.2s and net worth
and reserve items asgregatlns
Il sse ts4.ss. Net profits for the
~l~ ,,,ssFths ending June 80, 1873,
aesses,rfed fn S76.76z.73, which, when
rnmsared with net profits Of $6s..
cor AZ for the corresponding PERIOD
Il f927. indicates substantial growth.
THE company's statistios show earn
ines tsf el.64 per share on the com
mon stock for the first SIX lnontns
81 1928, out o. which two sescenl
quarterly, dividends have been pe, y,
High money rates conIinne. 80
raar1ev- reached s yesterday, the
hfrhest ii has been for long time.
WVhile there Il nothing abnormal IN
! tightening OF money at the emo
Of June. this is, as rule only
temporary.
Hewever, in the present instance
4I.ee Rglpeall OF Business Condltlohs
~ tlne Alexander Hamilton Institute
finds ssthera are fundamental ana
more enduring factors at work
rpIYirh are calculated to force
continuation of comparatively hlgh
iyferest rates through the remainder
81 the year. But there liz nothing
on the horizon to warrant uneasF
ness on the rart of business. WINE
some further liquidation may pe
forced in speculative accounts, TO
arch contingency need be feareo py
X IG&AI1NnAlH CAN~~
High Interest Rates
Nevertheless, high interest rates
Are bound to hinder the expected
exnansion in business activity and
must be reckoned with in making
any plans for the future. Every
executive should now ask himself
the question: Does my budget Tor
the next six months adequately re-
fleet the possibility of COMPARE
lively tight money"
On the brighter side business
will remain favorable during the
remainder of 1928, sustained by the
favorable condition OF agriculture,
renewed activity in automobiles, and
the revival Of the building industry,
accordin. to G. B. Hutchings, vice
president Of the Brooknirs Eco
nonaic Service, Inc. Mr.. Hutchings
not only expects continued good
business, but also gain in profit
margins, owing to present indica-
tiong of q further rise in ccmmod-
ity prices. Generally speaking, he
says, business makes q good profit
under such circumstances and Ger.
taitlly losses owing TO drops in In
ventory value will be less effective
in producing business failures.
Frank Stetson, trust officer OF the
National Savings and Trust Com
pany, has been elected a. trustee OF
the Washington City Orphan Asy-
jun.
President Robert n. Harper, of
the District National Bank, has re-
turned from the Democratic ma
tional convention at Houston.