Evening Star Newspaper, November 18, 1927, Page 14

_u_ v RISE IS RESUMED ON STOCK MARKET N. & W. Railroad, Hupp and s Cast Iron Pipe Are Favorites Again. FIN BY GEORGE T. HUGHES. Epecial Diepatch to The Star, NEW YORK, November ‘15.—To. stock market paid no attention | in_broker: the close yes whatever to the inerc » rexerve ratio of the com- Fe il e érvis- Bakiks o ke lowest for the yc All jts worries about the money situation were dis sipated when call funds renewed at 81 per cent unchanged. For the first two hours the advance was resumed, not uniformly, but in the stocks which have been the lead- ers all during the recent recovery The favorites of yesterday were espe cially strong. They included Norfolk & Western, which made another high for all time around 197: Hupp Motors, which has been the ob- ject of special buying in the lower priced automobile list for a week or more, and such industrial_specialties as United States Cast Iron Pipe, which | added substantially to its more than | 6-point gain in the preceding session. Motors Is Unchanged. 1 The optimistic remarks by the chair- | man of the i »mmittee of Gen- | e Motos poration on the out- | look for that industry next year were read with intevest, but it is doubtful | hether they ad much effect on the market the regu e E dividends was unchanged on the day | at 130. The real leaders of the motor stocks were Mack Trucks, Nash and Hupp. Probably short covering ac- counted for a zood deal of the strength in Mack Trucks. White Motors went along with Mack. It was not a market in which the stocks of companies enzaged in the same general line moved together. In- _stead individual issues were singled out for attention. instance, in Sthe sugars it was Cuba Cane preferred ithat had the sharpest advance. South Porto Rico, in which a strong pool is ‘maid to be at work. was a close sec- fond. Calumet & Arizona stood out among the coppers and there was a arge turnover in_ Anaconda. Most, { the oils dragzed. excep’icns being | iPan-American B and Houston Cil. At- “lantic Refining was rezctionary. Features in Industrials. Other features were mostly influs- lio went to the highest ince it was listed and International Paper to the best for the present stock. Commercial Solvents, which broke so harply sterday, recovered part of ithe less today, while Union Carbide, 'ubo\e 149, set up a record high. Re- iports that the last med compan) “had become a competitor of Commer- “cial Solvents in‘the manufacture of ‘butyl alcohol were denied. = Washington Stock Exchange SALES. , & P. Telephone of Va. 3s—100 at| 000 at 1081, 00 at 105, t 102, 10 at nid—10 at 111, 1—3 at 106% anston Monotyre—10 at 1 103.°11 at 193. 2 at 10° 10_at 10: 10 at 1033, . Mergenthaler Linotype—10 at 104%. &t 104% . 10 at 105 National Mtge. & Inv. pfdl Sanitary Groeers Co. pfd 8t 1023 10 at 1 B o) AFTER CALL. gaBeeples Drne Steres pAL2 at 118, 10 at .nx‘m';r;?f';; Electi PId'-10 at 106% Fhehington Gas 400 at 104, Washington Gas 6z * Columbia 'Sand & Gravel ptd—10 at | Mcney—Call loans. 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY Amer. Tel. & Telza. 4s Amer. Tel. & Telga. 41 Am. Tel. & Tel. ctl.tr. Anacostia & Pot. R_R. Ana & Pot. Guar. 5. . & P. Telenhone 5¢, ... & P Tel. of Va. 5% apital Traction R. R. ity & Suburban 5% corgetown Gas 1st_3 otomac 1st Asked. otomac cons. : e g Alex_ & Mt. Ver. Alex. & Mt V. Balt. & Annap. Washinston ' Gas be.. Wach. Gas s serie v 6% Series B % Elec. 4s & Eioc. Ty Chevs Chase Club 535s. D C. Paver 6s Pot. Tomt Stack 174 B Wash Mkt Cold Stor: Wardman Park Hotel 3 STOCKS PUBLIC UTILITY. American Tel. & T"l:z s‘;rfl':l Traction Sasnionion 80 - isaitost, 300 e s i) Rk e B & Flec. pfd. . NATIONAL BANK. Xational Capital.. Talumbia Commercial District Farmers & ‘Mechanic Fode 1-Ame 1 Trust Wash Loan & Trust SAVINGS United States Washington Mech Tnion . TITLE INSURANCE. onal 1l Eatate Title Ins. Co. Title 2 of Md. com ANEOUS Ve M1r mibia Sar V& Stor. pid Linotype. & Inv. pfd Drug Stores pfd. Storage Grocery Co. pid n Marke a eoh. Mize. cam... 01 Wish Medica) Bldz. Corn'.. Wondward & Lothrop pfd.. . *Ex dividend. | AmMagly prod) 10 Z10 "mnanwulug‘a, 108 109 103 | Aw SU FAyS (3). | LK Comerce 118, 043 5 | Cutumier & Ac (63 | Caselhresus 6) | City Stores (B).. | Collus&a pt (7) 106y | Cot Carton (4).. | Com Cred (1)... | Coty Ine (16)... ANCIA Open Hich Low Close Abitibi Pow(5). 135% 133 Abrahm&Straus 112 112 112 112 Adams Exp (6). 201 204 200 204 Ady Rumley. 11 1w 11 Ady Rumley pf. 36 3612 36 Ahumada Lead.. 3% 3% 3% Alr Reductn(17) 176% 176% 176 Ajax Rubber. 82 8% Ala & Vicks(6).. 123% 123% 123% Allled Chem (8) 151 153% 150 Allied Cm pf (7) 1224 122% 1224 Aliis Chalm (6). 113 114% 113 Amerada (2).... 29% 30 20% Am Agricul Chin 14 13% Am Agri Ch pf.. 48 47w Am Bank N(13). S0 8L =0 Am Beel Sug l\‘fn 18t Am Bosch.... 8 2 | Am Br Sh (416 il 41 | Am Brown Bov. 1 5 Am Lrown Bo pt 7 42t Am Can sl Am Can pt (7). 512 130% Am Caraeldy (6 101 100% 104 Am Chicle (3).. illy Tt | AmChic pr pf(7) 104 105 1042 |Am Drug (8ve). 14 14l Am Encau (2.40) 484 43 4d Am Kxpress (6). 130% iS04 176 Am & For Pow.. 6y 2 6% Am&Fo PO pf (15 105%: 105% 10512 Am Ho P (240).. 69'x 69y 687 American lce(2) & 28% L8t AmIce pf (6)... 90k 905 Y0'y Am lnternatl(2) obly odla Am La France. . oin bin Am Linseed, 2 69 Am Linseed BYis BN Am Locomot (8) 10S% 105 104!z Am Loco pr(7).. 1z4w 1zdh Lzdh AmMCh&FY (13). 15922 LoY%s Lovs 10 Amdietals piid) 1l ST 1) Al 11400 (3) ot i zbh Al Liauo pro YN W B Am PO & U1y bos Lol Lol A Radiatlor (3) 1do 130 B A Ry Bapb). 1ot Bl 1o} Al LepUDIC. o0y 4D 3D 4% Al Salelyii3) B v Am Seating (14) 404 <04 402 1”‘,‘ 10y vioke o3 | A Smeiling (8) Lk 163 Am Snuft pt (6). 101 100 100k 100k ol ozh ol a4 idh . 1udie W0an 105 1033 0sla b4 Ui ud 10t Is0% iy Lidk Lists AU Liit 148 Lidia Leie Liny LT3k 16 1i6% 116w 116 Am Type pf (7). 112t 1izi 1120 112k Awm W W mdue) vz oz 6l blh AmW WKs p£(6). 1ol 101t 1010 1011y Al Woolel. .uls L3 z2u z3h Aw Wovlen pt.. 52 08 o4 | Al WL Pa clis 207 L0l 104 Awm Wr Pa pIcie avia a¥ 4wl AldCOUA (3)... 4U%a OUN 49y OV Archer-Dan (3). olla 53 ol Arch-Dan prai) 114 14 1104 Lwn ArmourDeiptid) ool ol o oo Armourotlina) v W ¥ oy ArmoutolliB) O o b o Armour LI pId) 6o 66 b6 6o ArLOld CONKCO.. D2% il o2 oal ATUOUM (8)a0ee 40t 43 4% 40 Asio LIy G (2, oz odha olk oo ALCRISON (T10) . 1Yzt 1920 191w L920n Alchison pf (9). 10dh 1040 104% 104k AtlCoast L(110) 190k 196% 195 i¥shy AUGUIL& WL, oSl oY% o8 : AUGUITEWLPL, Sd% o9 L¥h AUl Refuing (4). 120 120% 113 1184 AuasPowder(4). 6o 15> b> 6> Ausun-Nichols.. o (A Ausun-Nich pt.. il 274 2l 20 Autostrap A 3) 43 40 43 4 Baldwin L (7).. 252} 254 252 254 Bala Loco pf (1) 122 lz2le 122 122y Balto &0 (6)... 110 113 LLT% Llin Gallo&Ub PLis, Bl Bl Bl Bl Baug & Ar pie7) Llas Llan Ldn 14 5i8 oL - o7l 6% o bk | 140 14y 18, 0h by Am Sugar (5) Am Sugar pt( Al SULALTR. ... Am Tel & Tel (¥, Am ‘Tobacco (¥). AmLobaccol(8) Am Tobac pt (6) Barusl A(bZig) w0k Beacon Uil...... lily Beechnut(13.60) 64% Beidiug BIus (&) o2ba z2% zli BeSL& L0 3)... Diln oTnm Diln OTn Sethlehem Steel 4% 0> bila 05 Belh St pL ()., 116t L1746 1160n 110 Slovmimngdale... 47w 47h 4 4T Blumenthal pf.. b5 55 35 88 Botany CMlSA 23 28 23 23 | Briggs MIg Co.. 1% zin' zl | BRiu-Bdison «8) 151 1d35 181 1334 UKlyn-Man (4).. o7 o5 ol o3 BKIn-Man pLs). 82 82 82 BKIYU Ub Gasta) i5T Lot 187 13 | Brown Shoe (213 44% 4% 4d4% 4% Lrunswick 15 4s) 53 o8m o3 bsin Bruuswick Ter.. 10% 1ln 100 10% Bult&Susq pt (4) bz bz 5z b Burns BrosA($). 100 100% 100 100 Burroughs Ad T4 1o3 l3a% 183 134% Bush Lerm (L8). 4% 64k 6% bdd Bush Terde (7). 107 110 107 1iv Butte Cop (5ve). 3 3% A 3% | Butle&Super (2) 3% Y ¥4 v Butterick (82). 45% 45% 45% 45% Byer & Co. B3 ®aA ¥s Mk Byer & Co o TR T TR T | By-Products (z). 74 44 4 G Calf Packg (4). 67% €813 67 o id% zil% Y2l Y6l Y2k 3 Caiu & Hecla (2) 17 lim a7 Lit | Can Dry (13%).. 4% oli 9% bl Can Pacitic (1v). 193l 1954 1934 1950 Can Pac 1st pd.. 190% 191 Ly0%y 191 69 il 68 125 120 Iz 1 Cent Alloy (2).. 26% 6% zbh Century R pt (7) ¥l Xl sliy 8lh Cerro delas (155 U8 63l b Certain-Teed 4) 53 o3 Certo Corpn(f4) 69% 170 Chand-Cleve.... T 1% ChandlerpIizig) 204 20% 20 Chase Nat B13) 57 573 Chat-Ph BK(16). 930 535 530 Ches & ORIO (10) 211% 211% z10 C&UCorpn (3). Bih b4 Nilg ChiGreat West., Lsty 18t i3t ChIGL Westpl.. 300y L0ix Chi& Bast L) pt 45 Tdn ChMu&StP.. 1ok 155 Cui Ml & S P 28 CM&SLPers., Lok Lol 15 C M&SLE prclas, 8y 8w 28l Chis Nwi (4)ee 9lie ULk 90% Chi& Nwn pr(7) 146' 149% 1464 1494 Ciut ktock 18 (5).. 107 Case Thr pt (7). Childs (32.40).. Chile Co (23%). Christi B (1.20). 68 Chrysler Cor (3) oo’k b 5 Chrysier pfA(8). 114% 114% 11 Fre Cluett Feab (5).. 794 Cluett Pea pt (7) 125 12 Coca-Cola (8)... 122'a 124% | Collins & A1k(4) Y5in 106 Col Kuei & 1ron.. i ColGas & El (5). 9l'a Col Gé&ls pL A (6) 103%2 108 1080 108% | 95 Y6 Y5 uo 19% 194 Comi Cred pt 6 Com Solvents() 151 Com PoWr (2% ). 65% Conde Nast(2).. Congoleum-Nair Cong Cgrs(14%) T3 T0% ConCigars (7).. 8% i¥n I8k Consol Distribut o T Consol Gas (6).. 114% 116l 114 Uousoltias pris) 100% 100% 1003 100% ConRRCubu pt6 ils 72 Consol Textile.. &% 2 Cout Bakg A (4). 524 Cout Baking B.. Cont Lak pt (8). Cout Can (5). Cont Lusur (6). Cont Mont (3u¢). % i Corn Prod (13).. 64%x 65k 6i% 63 109% 101% 109% 111% | CrucibleSteel (6) 54 B4's ¥dim i Cuba Cane Sugar 7% T Cuba Cane Su pt. 33 33 Cuba Company 25% Cuban Am S (1). 22 g Cuban Am pf(7) 10z 102 102 102 Cudany Pkg (4). 5 o5 b4 55 Curtiss Aero.... 45% 46 45\ 46 Cushmann pf (7) 116% 116% 116% 116% 8% 116% | | 1351 136% | THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Onen Duquesne pf (7) LLT% Eastman (18)... 170 ton Axle (2).. 23 Lisenlohr & Bro. El AutoLt (163) Electric Boat. .. Lslec Power & Lt Elec P&LE pt (7) Siec Refrigeratn E1 Stge Bat (16) Em-Brantgm(A) iud Jonn (6) dicott p£(7). . Engineers Pub S isquit Bldg (7). LquitableTr(1 wrie R Ro.... 1 Ist pf e 2d pf. Stn S mS cfs Fairbanks (3).. “ed Ligt(hl.49) Fed L&T ptab). Ied Min pr (7). ked MotT(fsve) [id Phoenix(4). irst NatS(143). Kisk Rubber.. Kisk 1st pt ev(7) Fleischmann (3) Foundation Co. . Fox F{lm A (4). Freept-Tex 14% ec sp(bue) Gen GasA(0132) en Gas B( n Mot (7712 Gen Mot pf ()., Gen Outdr Adiz) Gen Outdr A (4). ilette Sakt(75) Gimbel Lros. Gimbl Br pt (7). Glidden Co. Glidden pr pf(7) Gold Dust (3). Goodrich Ru (4). Goody Goodyr 1st pf(7) Gothm S H 4..5:: Gotham ney Gould Coupler A Granby Con Min. Grt North pf (5) Grt Nor O (14%). Grt Wes S(2.50) Gl West S pt (7) Green Canan. Guan Suz pf(7). Guif Mo & Nor.. Gu M & N pf (6) | Gulf States Stee) Gult Sta 1st(7). Hanna 1st pt.... Hrn B b10 Y% Hoe & Co & 4 dollander & Son Homestake (17). Houshid I (33) Houston O1l...... Howe Sound (4). Hud Man (2%).. Hud Man pt (5). Hudson 3ot (5) Hupp Mot(1.40). Indep Oil (1)... indian Mot (1) Indian Refining. Ingersoll Rd(15) Inland Stl pr (7) inspiration Copr lutcont! Lub(1). Internat Agri. Int Bus Ma (4) | Int Cement (4).. Int Cement pf(7) it Com Eng (2) Int Comb pt (7)., lut Hawv (35) Iuter Har pf (7). IntMich pris.20) Int Mer Marine. . nt der Mar pt., lnt Nickel (2)... Inu Paper (2.40) Lat Paper pt (7) Int Ry Cent A, int Tel & Tel (6) Island Creek (4) Jewel Tea...... Junes Bros Tea. Jones & Luu (7). Jordan Motor. .., Kan City South. Kayser J (4).... Kelly-Spring.... Kelly Tire §% pt Kennecott C (5). Kinney pf (8)... KraftCh (11%) Kresge (1.20) Kresge Dept KressS H (h1). Kuppenheim(2). Lago O11 (75¢). . Lambert Co (76) Lee Tire & Rub. Lehighvai(33). Lehn & Fink (3) Life Sav (1.60).. Lig & Myrs(f14) LIZ&MyrsB (f4) Lig Carb (3.60). Loew's In¢ (2) Loft. ., 3 Long Bell A (4). Loose-Wil(1.60) Loose-W 1st (7) i Lorillard Co Louisiana 0il. LouisGasA(1.¢5) Louis & Nash(7) udium Steel(2) MacAndrws 2.60 McCrory b (1.60) McCrory pt (6).. Mcintyre P (1).. Mack Truck (6) Mack Trk 2d (7) Mackay (7) Macy R H (5)... Mad Sp Gar (1), Magma Cop (3). Mallison & Co. .. Mallison pf (7)., Manati Sugar. Mandel (2%). Man Bl Sup (5)., Man Shirt (2)... Maracaibo Oll... Market Street. .. | Market St prior. Marlaiid O1l Mar Rock(13 Martin-Pary Mathieson (4)... May Dept S (4). Maytag (13).. MetroG pf (1.89) | Mexican Seab. .. Migmi Cop (1).. Aid-Continent. Middle States. ... Midland pt (112) Miller Rub (2).. M St P&SSM pt,. Mo Kan & Tex. . Mo K & T pf (6). Missourt Pacific. | Missourt Pac pf. Montana Pow (5) 1 Montgmry W(4). Moon Motor. Mother L Motor Met (3 60) Motor Wh (2).. Muliins Body Munsingwr (3).. Murray Corpn. .. Nash Motor(15). Nat Bellas Hess. NatBHess pf(7). Nat Biscuit(17) . Nat Cash R (A)3 Nat City Bk (20) T Natl Dalry (3).. Nat Dept Stores. Nat Distillers. .. Hizh lLow Close | 117% 117% 117% ' NY Dock : 170 | NY & Harlem(5) 1 NY NH & Hart. NY NH&H pft(T) 1 | NY Ont& W (1), N Y Railways pf NY Steam pf (6) NY Stm pt A (T) Niag Fpd (1%). | Norf & Wn(t10) NorAm b10 % stk North Am pf (3) NorAm pfi7) North Pac (5) ... | Nor Pac efs(5).. Oil Well Sup.... Oil Well § pf. {Omnibus... Opnhm Col (4. Orpheum Cir (2) Ot Jlevator (6) Otis Steel. Owens Bot (C15) »| Pactfic Gas (2). i Pac Ol Stubs... Packard (3).... Paige Motor.... Pan-Am Pet (4). Pan-AmPetB(4) Pan-Am West B. | Panhandle. ..... | Parmt-Fam (48) | Paramt-F pf (8) Park & Tiiford. . | Park Utah (80c). | Pathe Exchange. Pathe Ex A (4) . | Patino (a2.10).. Peerless Motor... Penick & Ford. . | Penick&F pf (1) Penna R R (3%) Peoples Gas (8). | Pere \I prior (5) 1ra pris) PhiliCo8 % pt(3) Phila & [ 4 hil i 1y Phillips Pet (3). Phoenix Hoslery Phoenix pf (7)., Plerce-Arrow. .. | Plerce Arrow pf. Pierce Oil. Plerce Ofl pf.... Pierce Petrolm.. | Pillsbury (1.60) . | Pillsbry pf(61%) Pitts Coal...... PittsTerm Coal.. | Pitts &W Va(6). PorRicoTobA (7) Porto Rico To B. | Postum (5)..... Pressed Stl Car.. Prod & Refiners. Prophylac B(t4) ! Pub Serv NJ (2) Pub Serv pf (6) Puh SE&G pf(6) Pullmn Corpi4). Punta Alez Sug. Pure Oil 11.87%. Purity BakA(3). Purity Bak B (2) PurityBak pf(7) ntadto Gorpot A~ Radio C pf (33) Reading (15)... Reading 2d (2). iteal Silk Hos. .. Reld fce Crm (3) minztn-Rand. Rem-Rdist (7). Rep 1 &S pf (7). Reynolds Spngs | Rey Tobae B (5) Royal Da3 13%. SaftyCabl +13.58 St Jos Lead (13) St L& SanFr(8). sank pf(6) | St T, Sonthwest. | StL Swn pf (5). Savage Arms. hulte (315)... | Seahd Atr Line. . Seab AirLnf... Seagrave (el 20) Sears-R (n2%). Seneca Coper. ... Shattuck F G (2) Shell Un (1.40).. | Shuber The (5) Simmons (2). Simms Pete. Sinelalr O11. ..., nclair pf (8., Skelly Oil (2). .. Snider Packe Co Snider Pke pf... So Por Ric S(f2) South Calif Ed. . South Mairfes A. | Sou Dairles B... South Pac () Southern Rv (7) South Ry nf (5). Spicer Mfg SIIG &R (3%). StaG & Epf (4). Std Millg pf (). StANICal(12866) NI($115) Std Plate Glass Sterling Prods6 | Stewart-War (6) | Strom Car (2).. Studebaker (5). Submarine Boat. Sun Ol (1), Symington, Syminztan C1 A | Telantozra (60e) Tenn Copper (1) | Texas Corpn (3) | Tex Gulf Sul (4) | Tex & Pacific. .. | Tex PC&RO(RE) . | Tex Lana Trstn Thatcher Mfe... 1Thnr~hrn (1 60) 5, | The Fair (2.40). | Third Avenne, .. Thompson(2 A0Y Tidewatr As Ofl. TIAWA=OIIn?(6) Tidewatr Oil 80¢ Timken (45).... . | Tobae Prod (7). * [ Tohac Prod A (7) | Transeont 011 | Transue & W(1) | Twin City R (4). 4| Indermand (41. Underwd pf (7). Un Rag &Paper. T"nion Carb (8).. Trnion O11 (+214) {7nion Pae (10). 17n Pacifie nf(4). TInton Tank (5). TtACerSHCRNe) 1714 Cor St nf(R) Tnited Drue (9) | Utd Drg 1st (3 Tt Frenit (453, TMSCTPEF (10) 2 USCIPpf (7). 1S Distributing 'S Hoffman (4) 7S Aleohol (5). 'S Leather wi. 118 Teather A..: IS Realtv (4). 7S Rubher..... 7S Smelt (315), 7S Smpf (335). 17S Steel (7)., 111 8 Steel nf (7) 17n Leaf Tob (2) Tt Pie 15t nf(8) Trniv Pipe(+214) | 17ni Pipe pf (7). UL PELY A (e2) Vanadtum (t4), Viek Chem (4)., 9014 9014 | Vietor TIk Meh.. LI 41 Victor ev pf (8). 8944 891 | Vietor or of (7). 1524 | Va-Caro Chem. .. 45% | Va-Car Ch 6% ot Va-Car Ch pf (7) Vivadou (3).... Vivaudou pf (7). Vulean Detin... STAR, WASHINGTON | rectors of the National Capital at the com- | | the [elected pre nt in | the f: D. C. TRIDAY, H. C. MADDUX QUITS tional Capital Concern. Duckett Successor. BY EDWARD C. At a STONE. of di- Mort- meeting of the board zage Co. pany's northwest, H company resigned and T held yesterday offices, 923 Fifteenth Maddux, president of since its org: tion, Howard Duckett was his place. Mad dux gave as his reason for resigning t that b mpany is now op erating some six or seven hotels, which operation requir attention. Mr. Duckett, dency, has been practi ngton and his and, for the past 25 v connected with a number of finan- cial institutions. F vice president street who succeeds to the ng law in | of the Prince Georges Bank at Hyatts- ville, vice president of the Arundel Mortgage Co. of Maryland, and vice president of the Maryland Mortgage Co. of Baltimore. The National Capital Mortgage C | was organized about three has a p.lul in cas | Worthn Pump... 26 " Ehe aie , T. J. Cow H. Duckett, H 1ves, Gen e Le Ross, James Unmacht and s Bankers' Forum \l.lrk"(l Su(‘(‘esl About 125 Washington bankers {heard an intensely interesting talk on “Investment Trusts” given hy Henry | of Stein Bros. ]5 T and W i ning at the R last eve- this country during the past five y | but during the past year have made tremendous strides, ‘some 100 new trusts being organized in the past 12 months. They have heen known ad for half a century or more. > ed that the man- agement is the vital factor in ever investment. The judgment, abiiity and honesty of the man handling the trusts are what count. In some in- stances the manazement keeps such a high percentage of the earnings that there is little left for the stock- holders. Up to this time they have been a poor man nvestment, because of the diversification offered. Rich men can buy s separately and directly, the speaker 1id, there 18 no reason why men of wealth should not invest their money in thi There are a host of different kinds of trusts, and their earnings naturally vary considerably. In one kind of trust no change can be made in the securities purchased. In another chanzes can be'made at any time, and securities purchased which appear to have better prospects of advancin In order to avoid having too many | high-priced issues in a falling market, some of the companies have put con- | siderable-sums into short-term securi- tics, thus making it possible to take antage of market | changes. The success of the whole trust plan really depends on the type of securities purchased and _their market action, Mr. Evans asserted. The after-discussion brought out a grist of most valuable detailed.infor- mation on the working of the trusts. H. W. Burnside presided. At the con- clusion of the dinner he asked for | s from “the three wise men,” s paid, president of the District Bankers' Association; Harry V. Haynes, chairman of the Washington s, president of the Washington Chapter, American Institute of Bank- ing. Besides Chairman Burnside, the other members of the committee were T. Hunion Leith, J. C. Dulin, jr., and Frederick H. Cox. Opens Investment Office Here. The First National Ce. of Baltimore, hw opened an office in this city in the Building, with G. W. Pratt as |'(~sit|l‘n{ manager. The company re- ll resources on June 30, 1927, of and has capital, surplus and es of £2,206,198. It has conserv- anagement and sells its securi- individual investors and to Rober! ties to banks. Mr. Pratt has been in close touch with financial matters for a long time. He lived in Washington several years ago while holding a position in the House of Representativ Many lo- cal hankers are already his personal friends, and he s looking forward with enthusiasm to his work here. Since opening the office in the Capital a few days ago nis firm has also | opened a branch in Boston. Capital Traction Sells at 1091 change today, opening 1t 109 and closing at 109 Potomac Power G per cent preferred selling at 111, while the o nl issue sold at 106% and n shares of Washington Rail- Iw Slectric preferred, selling ex- dividend, came out at 9! Lanston Monotype sold at 103 and closed at 103'2 on an 83-share turn- over, while Mergenthaler showed re- ¢ | cossions from recent sales, opening at 104% and closing at 105 on a 30-share transfer. Sanitary Grocery preferred sold to the extent of 100 shares at 10214, Peoples Drug at 118. and Sand & Gravel at 102%. Bonds were strong._but quiet. Chesa- peake & Potomac Telephone of Vir- ginia_bs brought 1011, Washington Gas 6s, Series B, 105, and Series A hond: 04. A $1,000 Potomac Electric { Power 65, 1953, sold at 1081, off frac- tionally from the last sale. on the local e An issue of $2,610,000 equipment | trust 41, per cent notes, series “S," | of the Chicago & Northwestern Rail- road has been gold to Salomon Broth- ers & Hutzler, subject to approval of the Interstate Commerce Commission fcr_later offerin W Penn EI pf (7) 110% 110% 110% Wost P Po (6)... 108% 109 108% West P Popf(7). 115% 115% 115% West Maryland. 483 48% 4% West Pacific.... 38 38 170 West Union (8). 170 172 Westhse A B(2) Westinzhse (4). | White Mot (2) White Rock (2). White Sew Mach White SM pf(4). Willys-Overland Willys Od pf (7) Y Wilson CopfA.. 2L Wilson & Copf.. 66' Woolworth (5).. 191 Worth Pump (B) 39 Wright Aero (1) 57 Wrigley (13%).. 64 Yellow Truck... 3 K Youngstn Sh(5). §7 Hourly Sales on N. Y. Market. 64% MORTGAGE POST 5 iResigns as President- of Na- all of his time un\li & Roycee of | | have been coming into prominence in | condition | g House Association, and I. J. | pital Traction stock was strong | NOVEMBER 18, 1997. COTTONADVANCES '} AFTEREARLY DROP | .. Failure of Break to Bring |n More Selling Snaps Market Back. | By the NEW Associated Prese YORK, November 18.—The cotton market opened barely steady today at a decline of 7 to 14 j under continuation of recent scllin promoted by relatively easy Liverpoo 4 cables and talk of possible mill curta ment should there be no provement in demand for cot Demand recently noted arvound tor January was supplied | liquidation " combined with Southern nd local selling, and the price clined to 19.25, while March sold « to 19.45. or about 13 to 16 points ne lower. The market seemed a shade steadier, but was within a point or| two of these figures at the end of the first hour. | Private cables said continental buy- ing there had been offset by hedginz and liquidation, but reported a fair cloth demand from the continent and colonies, and that a smaller Indian crop was expected owing to damage by rains. | VISITS JOINT MEET OF THREE LODGES Grand Master Attends Ceremony of Hiram, La Fayette and Congress | Masonic Sessions. As a distriet innovation, the Grand | ster of Masons in the District of ‘olumbia, accompanied by the of of the Grand Lod; ast evening n an official ceremonial call on three the subordinate lodges Iy in the same lodgeroom at the sime | hour. The lodges visited were Hiram No. i dredth annives month: La_F: Master Dunkum’s mother loc was chartered 64 years ago ress Lodge, No. chartered 11, 1921, Sidney 7. Maver is mas of Hiram Lodge, Harold A. Neff |La Fayette Lodge, and Geo; Kennedy of Congress Lodse. Following the visitation selections were render Chase Chanters under the direction of Prof. Herndon Morsell. As a_sur- | prise, a committee, made up of the ! three masters, with Mr. Kennedy as | spokesman, on behalf of their lodses, | presented to the Grand Master, for | | . Which | and Con- | proper, i by the Chevy Mrs. Dunkum, a huge basket of Au- tumn flow The final week of the se grand visitations of 1927 will ba i urated Monday evening, with calls on Benjamin B. French I 0. 15, and Pentalpha Lodge, N The series will end Wednesday even ing with visits to Harmo 17, and Warren G. Ha No. 39. 'THREE HELD GUILTY OF ROBBING STORES Fourth Member of Group Admits | Breaking Into Two Busi- l ness Houses, | 1 Bedford. | George Wilcox of New Mass., was convicted yester { noon before Chief Justice MecCo participating in three cases of house- breaking and larceny, in downtown stores last August. Edward F. Tate and Francis A. Kioss, who admitted robbing the Cinderella Boot Shop and | the Old Dutch Market, at 3107 M| street, were also convicted of robbing | the People’s Drug Store, at 1000 F | street, where $2,240 was stolen fr om | a safe. Randolph M. Rawlett. a member of the gang. has pleaded guilty to hreaking boot shop and the Old Dutel e The penalty for housebreaking is 1 1y rs on each count and for 10 years on each count. Ti were rremanded for sentence. Assistant United States William Colling conducted the pr cution, while Attorney Frank J. K | appeared for the men. BETTER TRADE IN SIGHT. | NEW YORK. November 18 (#).— Better business is in sizht, says the | National Bank of Commerce in New | York in its discu: | ket condition: fourth | already into the “There are unmis- which have been under way for some months and which have been reflected | |in a rather dull situation are about | finished, and that from now on gradual increase of industrial and | commercial activities may be ex- pected. This statement is made with | full recognition of the fact that busi- | ness opinion in many lines is at pres- ent far from cheerful. That this! should be so is not surprising, for various aspects of the situation leave much to be desired.” | BUTTERICK EARNINGS. NEW YORK, November 18 (, The Butterick Co. earned $3. share in the first nine months of 192 DIVIDENDS. Pe. Bateriad Q De Company. Adams Express. . Do, pf tin). | Am Mach & Fdy | Am Pneu S 1 pf Do. 2d pf. . v Coast L R'R Do Baldwin ‘Loco Do.. pf Belding - Heminyy. Bendix Corp Do.. B Burr ‘Adding Mach Chemebrough M b se of BB Fin Co Pa 15 bf | ot 2 . Hood Rubher o Inter Cigar Mach Tnter Har 15 Kaufmann 1 '€ of Marvel ¢ o. ex e g Nationar Lead Bo, " 5 Q¥ pt B Buteh 10 in Jan. Grocery $2.00°Q Dec. ) Sanitary Do.. Shell “Thans & Trad Tex Gult Suiphur $1 Twin City R T 31 2 B ¢ FINANCIAD. WE FINANCE —all classes of income-producine nroperty arge Loans a Specialty Current interest cate and commission Higbie & Richardson, Inc. 816 15th St. N.W. In Nearby Virginia l Prudential /2 Insurance Co. 0 Loans Commonwealth Investment Co. h St N.W. Phone Main 2623 | | { ion of current mar- \% takable signs that the readjustments |3 Bank Stock Trust Shares Comn the teadi annum for a ve o per o of ten A safe and conservative in under ¢ nment o Stat Vision Full particutars upon reausst. !JAMES B. COCHRAN C 1010 Vermont Avenue Washington, D. C. Mortgage Money Loaned at Low Interest Rates Economie Conditions Tyler & Rutherford dent Mutual Heneths Life Ins Co. 1520 K Street Main 75 Loan Corre | WRIGHT. SLADE & cO. MEMBERS New York New York Co ‘Chicago Board of Trade Stocks and Bonds Bought and Sold for Cash or Carried on Margin Connecticut Ave. at De Sales PL Telephone Main 1581 Buck & Company BROKERS Extablished 1916 Stocks Bonds Crain Cotton Write or call tor weekly mar ket letter No Obligations BUCK AND COMPANY Evans Blde. 1420 New York Ave. Franklin REAL ESTATE LOANS 51,9, FRED T. NESBIT 1010 Vermont A Sain 9303 MONEY for SECOND MORTGAGE LOANS Homes and Business Properties PHILIP MILSTONE 1103 Vermont Ave. Decatur 1681 Sales Director Man, with training in the Investment Banking Business, to manage sales force of large and well known investment house. Must know how to train new men. Earning power unlimited. Address Box 127-M, Sta) Office, for Appointment Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits 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 H. .COOPER. President Capital $1,000,000.00 for First Mortgage Loans On Improved Real Estate —for three or five year terms at prevailing interest rates. Lincoin National Bank Washington, D. C. | SRR RS Security Salesman Prominent financial house has opening in its investment department for experienced bond and security salesman. Ex- cellent opportunity to one qualified. Replies held strictly confidential. Address Box 9-M Star Office mmmfi 6% First vMortgage Notes Consult Us —for safe investment of your surplus funds. Look to the future by invest- ing NOW. e have speclalized In the sale of such securities for 40 sears. Wm H. Saunders Co., Inc. Founded 1887 1433 K St. N.W. Main 1016 RERR il 1l i | RE-INVEST Your | LIBERTY BOND Funds 619 Guaranteed Insured Mortgage Bonds Principal and interest guaranteed by a strong in- dependent surety company. Pleage send me more information about Insured Mortgage Bond Name FEDERAL Security & Mortgage Co. Resources Over $1,000.000 1412 K Street N.W. Washington, D. C Safety Is the present attractive yield on your investment in the Preferred stock of Empire Gas & Fuel Co. This security is a Yrefcrred ise sue of one of the largest busi ness organizations in America. The Compdny earns more than five times as much as the amount required for its Pre- ferred stock dividends. Send for full-information about this sound investment ~ Washinrton, D..C Please send me full informa- tion regarding this security. Name Address .ieeeesreneens Equitable Co-Operative Building Ass'n. JOHN JOV EDSON, President Organized 1879 Assets 5,292,042.70 WALTER Surplus. RATT, Jr., Secretary 18th YEAR COMPLETED .. $L511.115.87 Snbscr.lptlons for the 94th Issue of Stock Being Received Join the Egquitable —Save Systematically Start a systematic savings account at cuSSunhon mamm Cuyamel Fruit.. 524 524 52W 524 Davison Chem.. 33 33 33 33 Deere&Co pf (1) 115 115% 115% 117 Airox. | Del & Hud ()., 186 186 186 186 yield | Del L& W (17), 138 138 138 138 400 DRG Wstpf... 53% 53% 53% b5 444 | Detrott £4 (8) 59% 160 159% 160 Devoe & R(2.40) 38 38 37% 37% Devoe&R 15t(7). 109% 109% 109% 109% Diamd Mtch(8). 137 140 137 L Dodge BrosCIA 1T 17% 16% 164 Dodge pf (T).... 66% 66% 64%s 65k Dome Mines (1), 11} 12 11% 11% Dunhill Int (4).. 58% 58% 58% 58l Dupont (19%)., 324 325 322 3241 DuPontdeb (§). 115 115 114% 114% 11am., 60560012m... 1,099,800 1p.m..1520,600 2pm.. 1,935,000 d rates as given in the sbove tahle 1 cash vayments based on the half vearly deelarations. ed. extra or special divic lezs than 100 shares. us 4% in stock., '€ Pay.: in “eominon steck. . % Plas 250 i the Equitable and provide the way for Financial Independence. "Our plan of saving encourages thrift in a regular Sh manner and helps you accumulate money. - Open an account today and learn of SN tnis’ wondertul plan. Surety—BONDS—Execuled . 915 F Street Geo. H. Price Co., Inc. F. H. Deland, Pr N\ 273NN 0 NN 17 NN 17 815 15th St. Main 4793 J 2 :,‘ AN \\\‘u.;;w,.gt“, Vilean Detin(A) * Vule Det pf (7). Wabash. Wabash nf A 45) ;‘.ah,lrg‘k & gm $Z50 v Jan. t Rk Mn Spss E hit Rk Mu’ Spes . £52.50 Per t Distillers pf Nat Enamel & S. Nat Lead (5). Nat Park Bk(24) Nat Pw&Lt (30e waldorf (1%). . t Radiator(3) Walworth (1.20) ,\'.n:‘.aprn:‘.. 9 974 | wWard C1 A (8).. Nat Rty Mex zd. 27 Ward Raking B. LYt iy . 3 tSupply (4). Ward Bak pf (7) . ».‘*h“fx &':‘L’.Ui‘.’." r?mmr:‘ nf;okm;:nyra'l'»fe tSurety (10). ¢ Warner Plc A. .. 2 4 237 2% quarterly. e Plus £7% In stock. d Pay- Nat Tea (4)..... Warner-Quin(2) e Paranls o caal o Nevada C(1%).. Warren Bros (4) 1are in -méfi. n’f’xu: S1 a share m‘"-m-uu N Y Alr Br (3).. 244 | Warren1st pf(3) 9 iPlus' 0% in stock. |Plus 2% ‘n N Y Cent (8).... 4 16 184 WarF&Pipe Cor. k Payable 1/40 of a share auarterly NY C&StL (6).., 1274% 12 127 % Weh & Hall.ou.o ock, " m’,"lnl !"r in stock. NYC&SL pf(6). 106% 107 WPennEIA (1) U R L R el L FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) Tatest a Bid. Asked. Unless c therwise Yo AT-TEN-SHUN! ! 53533253 8222333330 FEERNET < |