Evening Star Newspaper, November 22, 1927, Page 14

14 "m "FIN L SHARES LEAD ON STOCK MARKET . . & W., Crossing 200, High- er Than at Any Time in History of Road. RGE T. HUGHES. atch o The St X mber 22.—A gen nd in railway shares ture of today’s stock mar- s of the carr had moved tainly the forenoon. but in the second half of the session lited by the strenzth in Western, ihi< part of the to move slowly upward Norfolk & Western crossing 200 was higher than at any time before in th history of contrary notwithstanding, the idea persisted that nezotiations with the Trennsylvania for wrantee on t minority holdinzs in progress Estimates of the 1 sked seeme hich to conservative railway authori ties, hut the action of the stock on the tape was more convincing to trad rfolk & list began the road vera Motors Are Active. Stocks of the independent motor companies again absorbed a good deal of attention. Leaders were Hupp Mo- tors and Packard. both of which made new highs for the year, the former ahove 34 and the latter above 54. There was a remarkahle demonstr: tion in Dodge rothers com- mon and preferred, representing in part. at lea hurried short covering Tt is true that trade reports from »‘hfl 1utomobile centers were enco! hut the movement interpreted the chanzing sentiment toward gen eral husine Mail Order Shares Strong. In this same connection the strensth of the mail order and merchandising <hares was significant. Wall Street is convinced that distributive trade is in a strong position. In the market | this feeling was reflected by the new high for the present shares in Mont comery Ward. which, crossing 92. were up over 3 poinis on the day and new high for Abraham & Special reasons accounted se in_such stocks as Coty. Inc: Bayuk Cigars. Midland Steel Products, preferred, and Transue & | Williams. Steel and Motors Recover. Ae for the old standbys. Steel and | General Motors, they relinquished | leadership. Both of them recovered from the reaction in the last hour yes terday. but they did not do much more The copper stocks were resting after their recent rapid rise. Realizing sales were well absorbed and sponsors for these issues were confident. Features in the utilitv group includ- ed Brooklyn Union Gas and Consoli- dated Gas up from 3 to 4 points | Against these gains. however. was a setback in Western Union and in Abitibi Power. Washington Stock Exchange ! SALES Washington Gas_Gs “A"—S$100 at 1043 s'!l)l'a .1:“'1";"1 = £200 1041, $200 at 0% %8100 ¢ 10333 $900 at 10415 S200 3t 1645 %03 Toa " $1.000 i 106 000 at 108 Washington Gas fe “B"—S$700 at 1051 $600 at lfl% 3, f‘t(l\ at l_'ln;'» 2081 fal Traction Co—5 il r'u'm"n( & Wiashingion Steamboat’ Co.—4 at? o) leotric 51.c pfd —10 at 1081 3 sf'fl\"u'{.':-zr} a‘t‘gfl%;—,“sl.’vlaésllzfl‘i. ton Gae. Light—5 B anfi?vs:\g:‘;%‘ani & Gravel pfd —10 at 103 Bl,e‘mmhal-r Linotype—5 at 104%. stimu- | Denials to the | | Am Sugar (8). | A Zinc. | Atlas Pow pf (6) 103% 103% 103's 10; ANCIAL, e 350 1160 1in i Open High Low C 1350 1360 135 107 113 96 J 144 ITEN bitib! Pow(5) . us 113 95 Abranm&str Adams Ex pr(3) Adv Kumley.... Adv Rumley pf. Ahumada Lead. | Air Reductn(17) AJax Kubber... Albany Papr(z). Albny Pap bt (1) Allled Chem (8) 150% 1024 | Allts Chatm (6). 1144 114% 114 Amal Leather pt is'y N0'x i3 Awer 2).... 9% Am agricul Chmn 13 lam agncnpr.. . Am Bank Nid). Am BK N pE3). A Beet Sui . A Buseh...... | Am Br Sb ()1.60) 14 b0ty lot 3 00 Iy a0 1otn 13 W ds Q0 1044, 1044 103 1004 1008, 160 14 47 170 106 12 &8 L am Brown Bov. | Am Biown Bo pt | Amw Can 2).... A Carkk'dy Am Cham pr (7) Am Chicle (3).. Am Diug (S0c). 14 15% Am Lncau (2.40) 45 43 At lSxpress (6). i | Am & For Pow.. % | Am&ko Popt (7 105 Am Hide & Lea. 12 | Am Ho P (230). 6> American Icey | Am tuternat At La France. . A Lakra pt (i) A Linseed. Aw Linseed pt A Locomot (8) 105k 1074 106% 1060, | Am Loco pr(7).. 124% 124% 124% 1244 | AmMCh&FyY(13) 106 1074 156 (0T | Am Metats (3).. 42 4z dlly 4z | Amdletals pt(7) 1oy 109%: 10y 109 | ‘am Plane 3 o 25w 2dly | Am Piano pt ( a9ty | am Po& LU 664y | Am Radiator (5) | Am Ry Exp (6). b2 UPII 105 12 o3 91 Boin 155 10015 498 o4 bdly 405 404 40 1190 1195 118 o7 134 109 54 lam SaietyR(33) Am Seating (14) Am Snipbldg (3) Am Ship & Com. Am Smelung (3) 1735 193 0 LT Am Snuft (12).. 146 Lin Am Snuft pt(6). 102 1034 102 A St FdYS (3) ol adt Am S Fy pf(1). 113 s 4l i L1k 113 4 Am Sumatra A Tel & Tel ¢ Am Tobacco (8). 17 AmTobaccoB(8) 1774 1| Am Tobac pf (6) 1164 116! Am Type Fo(8). 124 124 Am Type pf (7). 112 115 112 1138 Am W W (mS0e) bUu 60l 604 604 AmWWEKs pf(6) 10l 101% 101k 101 Am Woolen. .. 21l U Uk Am Woolen pf Sl Am Writ Pa cUis 20 Am Wr Pa prefe 49 38y 51t | 60 | 87 101 | 61y | 67 | s 51 144 114% o2ty bt 105 108 W 192 4 1044 1044 192, 1920 35! Ui 11 116% 116% 124 124 Am Zinc pf Anaconda (3). Archer-Dan (3). ArmourDel pfi7) Armouroflli(A) Armourof111(B) Armour 111 pf(7 Arnold Con&Co. 50t Artloom pt 114% Asso ry G (2% . H2% Asso DG 1st (6) 103 Alchison (T10).. 190% (Y2 Atchison pf (5). 104% 10 AuCoast L(110) 192+ 19s AUGUIL& WL.. 38l 39 AUl Refining (4). 114x 116% 1144 1 23 105 Austin-Nichols. 54 5% Auto Sales...... 5 6 Autostrap A (3) - 45's 45'3 Baldwin L (7).. 255 255 2 Balto & 0 (6)... 1174 1170 | Bambgr ptiblz). 110 110 Bang & Ar (3%) T0% 71 Bang & Ar pf(7) 1i3% 114 Barnsdl A(b23%) 2ois Barnsdl B(b2%) 26 26 25's 256 Bayuk Cigars.. 101 102% 101 102 5% L7 1174 1o 1 T0% Tl 1134 114 N n 24T | podae ot (7. | Dome Mines (1). Dunhill int (4) | Dupont (1915) { DuPont deb (6) . | Duquesne pf (7) | Eiton Axle (). [ Liseniohr & Bro. AutoLt (16g) ctrie Boat. .. ec Power & ec P&LLpr (i) Kefrizeratn tii6) Immerson B pt i Jonn iwineers b S quit BIAg (7). Hrie R R KErie 1st pf, ireka(f141s) Fed Ligt(h1.40). e L&T pE (6). | 11d Phoenix(4) t Nats1%) Fisk Rubber.... Fleischmann () Foundation Co. . )% Film A (4) | Freept-Tex t43 Gabriel Sn (31%) Gardner Motor Gen Am Tnk(4). Gen Asphalt. ... Gen Bakg pt (8). o Gen Cigars (4). | Gen Elec (15).. Genllee sp(6ve) Gen A(ol) Gen G & El A(8) Gen Mot (173) Gen Mot pf (7) Gen Outdr Ad(z Gen Outdr A (4) Gen Ry S1g (5) Gen Kefrac (3). Gillette SaR(5) Gimbel Bros. ... Gimbl Br ot (7). Glidden Co.... . Glidden pr pf(7) Gold Dust (3)... Goodrich Ru (4) Goodrich pt (7). Goodyear Tire. . Goodyr 1st pf(7) j Gothm S H (23) | Gotham new 21g Gotham H pf (7) Gould Coupler A Granby Con Min Grt North pf (5) Gt Nor pfefs(5) | GriNor 0 (%) Grt Wes S(2. Green Canan. Guantanamo Guan Sug pf(7). Gulf Mo & Nor. . | Gulf States Stee) Hanna 1stpt.... irtn B b10%stk HockingVal(10) Hoe&CoA..... Household (74) . Houston O1l.... . Howe Sound (4). Hud Man (2%). Hudson Mot (5) Hupp Mot(1.40). Illinois Cen (7). Indep Oil (1)... Indian Mot (1 Indian Mot pf(7) Indian Refining. | tnland St (2%). Inspiration Copr Intcontl Rub(1). Internat Agri. .. Int Agricul prior Int Bus Ma (4).. Int Cement (4).. int Com Eng (2) Int Harv (§6)... 2 THE EVENING STAR. WASHINGTON., D. C. TUESDAY, NOVEMBER_22 ! Norf & Wn(t10) 1 | NorAm blo%, stk | NorAm Kd pfe7) Northwn Tel (3) i, | Norwalk Tire. .. ~l 0N welisup.. Oil Well S pf.... Omnibus. . | Ounhm Col (4) Orpheum Cir (2) | Otis Steel........ ' | Otls St prior(7) + | Outlet Co (4) i Outlet Co pf (7). 4| Owens Bot (C15) PetB(4) 'an-Am West B Panhandle. ..... Parmt-Fam (J8) Paramt-F pf (8) Park & Tilford. . Park Utah (80¢) i’athe IXxchange Pathe Ex A (1) | Patino ( 10).. | Peerless Motor Penick&l pt (7) Penn C & Coke. PennDix Cmt(2) Penna R R (3% ) Peoples Gas (§) Peorta & East. . Pere Marg (18) Pere Marq pt(5) Phila Co (k4). Phila& RCI.. | Phila&RC&I cfs. Philip Morris. Phillips Pet (3). Phoenix Hoslery Plerce-Arrow. . . | Plerce Arrow pt. | nerce vl L'ierce Petrolm. . Pillsbury (1.60). | Pillsbry pt(6%) Pitts Coal...... PittsTerm Coal. Pitts Ter pt (6). | Pitts Y&ADL(). PorRicoTobA (7) ‘:i Porto Rico To B. 8l | Postum (5). . 107'2 | pressed Stl Car. '« | PrStl Car pt (1) L'rod & Retiners. Producers&R pf Prophylac B(14) | Pub Serv NJ (2) | Pub Serv pt (6) ! Pub SE&G pt(6) | Pullmn Corp(4). Punta Aleg Sug. | Pure Oil 11.87%. Pure Oil pf (8) | Purity BakA(3). Purity Bak B (2) | Radlo Corpof A. | Radio C vt (314) Reading (15) Reading 2d (2). Real Silk Hos. Real Silk pt ( Reld Iice Crm (3) Remingtn-Rand. Rensselr&Sar(7) | Rep Ir & Stl (4,. Repl&Spt (7). Reynolds Spngs. Reynlds Tob(5). Rey Tobac B (5) Rossia Ins (6).. Rossta Ins Co rts Royal Da3.13%. Rutland pt...... SaftyCabl t1 | St Jos Lead (13) i St L& SanFr(8). St L Southwest . St L Swn pf (5). Savage Arms Schuite (34). Seabd Air Line Seab Alr Lipf. .. N 15 691 O8I 395 B 9 62 B3 136 6Lty 82 136 96! T4 115, | 91 2 76 115 10 37l 100% 115 91 37 9914 E 97 24 284 37 37 B3 8215 Bty Bl 105 105 554 ab 49% it 20 400 32 |~ NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Open Hizh 1950 201t CICSCTEN 1031 1031y 98%, 98T, Y64 96 Low 195% 607% 1027 961, 5% Clase OND LIST AGTIVE - ONEXCHANGE ERE s Small Denorninations Move . Well—Gas, A. & B. Issues Draw Most Attention. BY EDWARD C. STON bond market again 7 the Washing v when i4 diffex re recorded during ivity in the ms W veak for the vear v the strensth New York Not to be ontdone ntly displayed in prices here maintained equal firmness and considerable sums released by the <beond Liberty loan redemptions hav en turned into local bond channel of the unusual turns in the local 1in the rec market, have One market is the interest displs *| emall denominations. The baby bonds I yre usually move or less neglected | during the past few days they heen hought as rapidl offered. Today's market was notable in that | Washington Gas A and B honds drew {4l the buyers. The session opened with 'ven sales of $100 and §200 A bonds, selling at 104%. An $300 bond sold at the same figure, followed by the transfer of a $1,000 and a $3,000 bond at 166, he market in th closed with an $800 turnover at 104%. The B bonds, which touched 107 yes terday, came out today at 1051 on a $700 turnover, followed by $600 and les at 1 al Traction have registered 109%. k opened 1, and sold off . Merchants nsfer & Storage 1 came out at 10412 and closed §0-share turnover. Po 51, per cent preferred There was a -8 snthaler at 1041 and 50 nd & vel changed 4 on g Llectric moved at 1061 rale of Mer <hares of hands 103 é Phillips & Co. Reorganizes. The firm of W. S. Philli has heen reorganized, William C. livan and Maj. Julius I. Peyser have resigned as directors and Philip Her- man has resigned as vice president treasurer of the corporation. The fol lowing officers have heen take the places of the abovenamed officers: Foy Simmons, vice presi- ,dent, and A. M. Rennoe, secretary- treasurer. Baruch Elected B. & 0. Director. Bernard M. Baruch was elected a director of the Baltimore & Ohio Rail- jvoad at the annunal meeting vester- day, taking the place of the late R. Brent Keyser. The other members were re-elected as follows: Newton D. Baker, D. W. Cooke, John J. Corn- well, Robert Garrett, John R. Morron. F. H. Rawson, Henry Ruhlender, George M. Shriver, John F. Stevens, Paul M. Warburg and Joseph E. Widener. President Willard made_hi report. At a banquet in the evening in his honor Mr. éxpressed the desire for the consol ation of the Western Maryland Rail- road with the Baltimore & Ohio in order to make the latter a better- rounded-out railroad. Theater Party Date Settled. The institute's annual theater party | for the benefit of the educational work n Washington Chapter will take place this year on December 5. at the Na- tional, Earl Carroll's “Vanities” being the big attraction. with Moran and Mack, “The Two Black Crows,” head- ing the feature program. President 1 J. Roberts, the hoard of governors and the local chapter advisers con sider this the strongest bill obtainable annual t quotations close to the | but | s issue | are s & Co.| sul- | elected to | CANADIAN DRY IS HOLDING?KUHN, LOEB & CO. GET BIG YOUNGSTOWN 0. ISSUE $75.000,000 in Bonds, Second Larzl‘ est Offering of Year, on Market at | 101, to Yield 4.95 Per Cent. v the Associated Press. NEW YORK, November 22 largest year—§7i ing fund 5 per cent gold bonds, series A,"" of the Youngstown Sheet & Tube OPTION ON CANDY FIRN MILWAUK (). —The Canad . November 22 | v Gingerale Co. ! | has obtained an option to purchase | for $3.500,000 the Campfire Corpora- | tion, Milwaukee Candy Manufacturing Co.. Paul L Bedel. president of the | tatter disclosed today. The Campfire Co. has been reorgan ized as the Campfire Corporation of | D are, as a step in preparation for the proposed merger withapproxi- | mately $500.000 additional cash put {into the business. | Under provisions of the option the | | Canada. Dry Co. has the privilege | f taking over in exchange for equiva- | lent of its own stock. all the outstand. | inz stock of the Campfire Co. | Besides its factory and offices here | the company has plants at Montreal | | and at Cambridge, Mass. WOOL MOVING BETTER. BOSTON, Novembi (Special).— | Fine nd medium territor wool | were selling in_hetter shape todav in the Boston Wool Market. Mills | were figuring In transactions to a ater extent, after the lull of the st few week: Fleeces were quiet 1d pulled wools showed little activ- v. Fine territory was quoted at 2a1.15 clean basis; French comb ing at 1.0521.08, half blood at 1.0% 1.05, three-eighths blood at 93a97 and quarter blood at $3a87. Fine Ohio floeces, were quoted at 47a48 grease basis, half_blond and three-eizhths blood at 47a47% and quarter blood at 4712248, BUTTER IS UNSETTLED. CHICAGO, November 22 (#).—Bu ter unsettled; receipts. 11,188 tub: creamery, extras. 491, standards, 46 extra firsts, firsts, 401, Eggs higher; 5 4247 or-| = S | NEW YORK MARKETS. | NEW ovember 22 (£).— Rve, No. 2 Western, 1.17 f. 0. b. cew York and 1.141; c. 1. f. expor| Barley, firm; malting, 951 e. i. f. New York. Wheat futures opened nominal. Other articles unchanged. PI.ATE GLASS OUTPUT. ¥ YORK, November 22 (F).— ! Polished plate glass production in Oc- | tober was smaller than the month hefore, 8,703,214 square feet, agains 9,353,197 square feet, the plate gla manufacturers of America report. | Output in October last year was 1 185,713 square feet. ATLAS PLYWOOD. NEW YORK, November 22 (#).— In the four months ended October 31, Atlas Plywood Corporation has re duced its inventory of finished woods by 30 per cent and has doubled its| unfilled orders, which are now equiva- | lent to one month's capacity produc tion, Ralph' M. Buck, president, re- ports. PROFIT IS LARGER. NEW YORK, November 22 (A).— Profit of Electric Power & Light Co. | and subsidiaries for the year ended | ptember 30 rose to $7,611,074 from | 676 the year before. D, L. & W. INCOME DROPS. | NEW YORK, November 22 (#).—Net | ‘income of the Delaware, Lackawanna | & Western for nine months of 19 | dropped to $11.935,524, equal to $7. i share, from $1 58, or $7.94 a share, in the corresponding 1926 period T'hird quarters net income was equiva- equivalent to $3.05 share, against $3.64 a share a year ago. ®INANCIAT. | Co.—has_been purchased by Kuhr | Loeb & Co. This flotation has been exceeded i size this year only by the offering $95.000,000 of Missouri Pacific Eai road bonds. The Wounsstown cor pany's bonds are due January 1, 197 ind are heing offered by the banker at 101 and accrued interest, to yicl about 4.95 per cent to maturity. The purpose of the issue, the com pany announced, is to refund at —The | lower rate of interest the compan: ndustrial bond issue of the|entire outstanding bonded indebte .000,000 first mortgage sink-| ness and to reimburse the compan: treasury for part of its expenditur: for improvements, COLUMBIA BUILDING ASSOCIATION 716 11th Street N.W. GOVERNMENT SUPERVIS 18 Years’ Successful Business Without the Loss of a Dime UNDER ON PAYS 5% INTEREST Compounded Twice a Year and Exempt From Income and Personal Taxes CHRISTMAS SAVINGS CHECKS ACCEPTED Money to Loan, Monthly Payment Plan. Payments Less Than Rent THE FIRST NATIONAL COMPAN BALTIMORE, MD. RESOURCES SEPT. 30, 1924 RESOURCES JUNE 30, 1927 $864,825.83 $6,787,786.73 Capital, Surplus and Reserves, $2.206,198.54 THE FIRST NATIONAL COMPANY pays quarterly dividends on i'l: 1% Preferred Stock, and is earning over 157 on its Common Stock. Wellknown banks in Washington and throughout the country and conservative investors purchase our 6% (net) Gold Bonds and our Collateral Trust Notes. Limited amount of Preferred and Common Stock can be pur. chased through our Washington Office. Full information given upon request. WASHINGTON OFFICE Suite 632:3 Barr Bldg. Phone—Main 8697 G. W. PRATT, Manager The Bank of Personal Service Attuned Right to Business Men’s Needs {/One reason why “The Com- mercial” is such a factor in local financial life is this: “Commercial” facilities are keyed right to the require- ments of business men. You'll profit by doing busi- ness with this progressive bank. i We Pay MORE Savings Accounts th EREST om any oth i National Bank in Washington. ! Come in for particulars. DIVIDEND BOOST TALKED. W YORK, November (#).—| IntMtch pf(3.20) Int Mer Marine. Int Mer Mar pf. Int Nickel (2). .. Intl Paper (2.40) Int Paper pf (1) Int Ry Cent Am. Intl Silver. | at this time and believe that the heavy | penses in connection with maintain. | ng the institute work will receive a substantial boost. | Esgimates that Associated Dry Goods “Fhe annual theater party is featured | Cébporation probably will have close | fully as much as a social event for all | to £10,000,000 cash on hand at the | the bhankers of the city and for their | close of 1927, which, it is said, would | friends, as well as a means of carrying | be the largest cach balance of any of Seagrave (el.20) Sears-R (nz3%). Seneca Coper. . . | Shattuck ¥ G (2) Shell Un (1.40).. Shuber The (5). Simmons (2).... Simms Pete. Bayuk ISt pf (7) 107% 1074 107% 1074 | Beechnut(13.60) 73 73w 72 72 Best & Co (3)... 57% 8 Bethiehem Steel 54 55 Beth Stl pf (7).. 117% 11 U Bloomingdale... 47% 491 49 Blmingdle pf (7) 111% 111% 111% 111% ! Blumenthal pf.. 58 88 88 88 AFTER CALL E Merchants' Transfer & Storage pfd.—2 2t IO TYRIN So%ar 08 Lo <and Dld-10 at 0310 at 107 108 athingtan Gas Lisht—10 at 851%. Potamac Eleciric 51as pfd.—5 at ‘1081 Raacton Gas s “A"—S800 at 104% Money—Call Ioans. 5 and 6 per cent. HE CommerciaL Nationar Bank Capital & Surplus, $1,400,000.00————Resources, Over $18,000,000.00 Corner Fourteenth and G Sts. | Gravel BONDS. Bid and Asked Prices. PUBLIC UTILITY Rid. Amer. Tel. & Telza. .. PO Amer, Tel. & Telga . 101 Am. Tel. & Tel. ctl . 104% Anacostia & Pot an Ana. & Pot. Guer. a9 © & P Telephone €. & P.Tel of Va Capital Traction R ity & Georgetown Gae 1 Potomac Elec. 1 Potomac E Potomac Ele Wash.. Alex. & ) Wash. Alex & Mt Wash. Balt. & Annap. bs.. Wachington Gas 5¢ .. . Wash Gas e series A Wash Ez! fl;{ ;_"‘I’ll'! B Wash g LR R & Eilec cen 6s MISCELLANEOU! Rarber & Rose Inc. 6los. . .. Chestnut’ Farm Daire 6158 Chery ‘g‘hau ;‘]uh 5% . Wash. Mkt oldStor. 58 Wardman Park Hotel 5l.s STOCKS. PUBLIC UTILITY Amer. Tel. & Telza... 177 Sapita Traction .7 10 o an Nortolk & Wash § Potomae Elec. Potomac Elec. Wash. Lwy, & E Wash' Rws. & Elec NATIO Xational Capita Columbia . Commercial District . Parmers & Asked | 23352 553303 22333R.0023232332 LR F3 F 1 1 1 1 s Mechanics'. e i Nat. Ban hinzton TRUST COMPANY Amer. Security & Trust Co Aontiental Trust. i ! Banks Nat Tnion Trust.. . Wash. Loan & Trist . SAVINGS Rank of Bethrsda Commeprce & Sa Fast Washington. .. atomac .. .. 73 Security $av. & Commercial Saventh Street Cnited States..’. ... Washington Mechanics FIRE INSURANCE BANE American Corceran Firemen's National Cnion TITLE 1) Columbia . Rl Entate Titie Title Tns Co of Md com MISCELLANEOUS Parber & Ross. lne. eom B Chevs € g Commeccial “Xarl aner N1z Col“Sand & Gravel ptd Federal Sto ol Federal-American com Federal.American nfd Lanston potvpe % Aferchants” Tean & Storage hants' Tran & Stor bfd Mergent at'l Mtge K3 Ca. nfd i Security Sto; Samitary Grocery Co. ni Terminal Ref. & Wh. Corn Wash Mech Mrze om Wish Medical Bide Corn Wondward & Lothrop ‘ofd *Ex dividend WILL BEGIN PIPE LINE. NEW YORK. N 22 (). — West Texas Pipe Line Atlantic Refining Co. next week will begin construction of a 71-mile 10-inch pipe line from Hendricks Pool in Winkler County, to Midland, West Texas. rember E. L. LEEDS RESIGNS. YORK, November 22 (#).— lzv'u'- L. Leeds, vice president in of sales, and a director of WileaBement-Bond Co., has resigned. A v STLVER QUOTATIONS. WEW YORK. November 22 (A .—!Devoe & R(2.40) dollars, %, Mexican Par sliver, "» | Can Pacific (10). « | Cong Cgrs(14%) subsidiary of | Bon AmiCl A (4) 65's 66% 64% 64% Booth Fisheries, 5% 5% 5w 5 Briggs Mfg Co.. 28% 24u 2315 234 Bkin-Edison (8) 188% 185 187 Gkiyn-Man (4). 57 © 561 56l Bkin-Man pf(6). 82 82 Bklyo Un Gast5) i43 1457 143 Brown Shoe (2% 44 45 44 Brunswick B (3) 33 34 334 3 Brunswick Ter.. 11% 12 1% 1 Burns BrosA(8). 102 102 102 102 Burroughs Ad 14 132 133 131% 13 Bush Term (b8). 65%a 65 64 65 Bush Terde (7). 109 109 10 103 ButteCop (50c). 4 4k 4 4 Butte&Super (2) 10 10W 94 10 Byer & Co. 84 ETEEEY Byer &Copf (7) 111 111 111 By-Products (2). T4 T74% 747 Callf Packg (4). 67l Calif Petm (1) Callahan Zine... 1% Calumet & Ar (6. 957 Calu & Hecla (2) 18 Can Dry (*3%). 51% 1941y 196% 191 192 185 57 82 11 740 194% 195 191 192 64 21 Can Pac 1st pd.. CaseThreshg(6) 164 <6 Int Tel & Tel (6) Iowa Central... Island Creek (4) Jewel Tea . Jones Bros Tea. Jones & Lau (7) | Jordan Motor... Kan City South. Kan C So pt (4). Kayser J (4). Kelly-Spring. . Kennecott C (5). Kinney pf (8)... Kraft Ch (11%) Kresge (1.20) Kresge D S pf. Lago Ol (75¢). . Lambert Co (76) Lee.Tire & Rub LehighVal(3%) Lehn & Fink (3) | Life Sav (1.60) Lig & Myrs(fis) Lig&MyrsB (f4) Lima Loco (4).. Liq Carb (3.60) . Loew's Inc (2). Cent Alloy (2).. 264 277 Cen Ry NJ (112) 310 310 Century Rib M.. 134 Cerro dePas (15) - 64% Certain-Teed (4) 521y Certo Corpn(t4) Chand-Cleve. ... Chandler pt(2%) Chase Nat B(1¥) 59 Chat-Ph Bk(16). 1 Ches & Ohi0 (10) 082 2094 =07 209 C&OCorpn (3). 53 84 x21 &8 |Chi& Alton pt.. 11 1l Lita Chi& East 1l pt 74 74 0 T34 Chi Great West. i3 134 1 Chi Gt West pf.. 30 Chi Mil & StP.. 1 ) C M&SLP f cfs 281, Y |Chig Nwn (4).. 90% 9in 904 90% Chi Pne Tool (6) 13 130 130 130 Cht Rock I (5). 106% 107 106% 107 CRI&PDE (7). 1104 L10% 1107 110% Chi Yellow C(4). 43%: 44 4% Childs (32.40).. 56 Chile Co (2%).. Chrysler Cor (3) City Stor A (3%) City Stores (B) . Clev&Pitts(313) Cluett Peab (5). Coca-Cola (5).. . Collins & Alk(4) Collins&A pf (7) Col Fuel & iron. Col & Southn (3) 121 | ColGas & E1(5) 43 | Col G&E pf A (6) 108 Col Carbon (4).. 95’ | Com Cred (1)... 19 | ComCrpf (1%) 24 | Com Cred pf 615. *3 Comn Inv (3.60). 53l Com InTrpf 6l 90% | Com Solvents(8) 15 | Com Powr (21%) | Conde Nast(2).. | Congoleum-Nair 265 310 267, 510 283 “ 15% 150 28l 28y B0ty Bl 124 94 106 74 8014 8214 R0y 51 0% KL 155 GRLy a1ty [N 41 B4 81y Con Cigars (7). 9% Consol Distribut S Consol Gas (5).. [14% 1 ConsolGas pf(5) 101 101 1007 101 ConRRCuba pf 6 71% 1 T Consol Textile. . ) 4 | Cont Bakg A (4) b 4 | Cont Baking B.. A 6W 5% Cont Bak vf (8). 94 94 Cont Can (5). . 615 | Cont Can pf(7).. 124 124 Cont Insur (6).. 32 Cont Mont (80c) 104 104 9L g | Corn Proa (13). 3% 64 4t Coty Inc (16)... 111 114% CrucibleSteel (6) | Cuba Cane Su pt | Cuba Company.. Cuban Am S (1). Cudahy Pkg (4). Curtiss Aero. ... Cushman’s (§4). 142 Cuyamel Fruit.. 52 Davison Chem.. 33%; Deere&Co pf (7) 114 Del & Hud (9).. 180 Dol L& W (+7) 139 3874 140 1™ 2 1144 1171y 64 94% 8% 124 943, TR 124 331 BEY 470 140 2% 3414 14 134 140 51 331, 114 180 139 139 387 38% . 139% 174% 194 35 14 184 134 B 140 10% Niama Mtch(8) Dodge Bros Cl A 54% | \ 114% | ot Long Bell A (4). i Loose-W1l(1.60) Lorillard Co LouisGasA(1.i5) | Louls & Nash(7) | MacAndrws 2.60 | McCrory B (1.60) | Mack Truck (6) | Macy RH 6)... { Mad Sp Gar (1). Magma Cop (3). | Mallison & Co. { Mallison pf (7). | Mandel (2%) Man EiSup (5) . | Man Ei m g (a5) | Man Shire (2). Maracaibo Oil. Market St prior. Marland Ofl.... Mar Rock(t31) Martin-Pary (2) Mathieson (4).. May Dept 8 (4). Maytag (13).... MetroG pf (1.89) Mexican Seab Miami Cop (1) Mid-Cofitinent.. { Middle States. .. Mid States Ol ct Midland pf (t14) Miller Rub (2).. | Min St P & SSM. M St P&SSM pf. | Mo Kan & Tex. . Mo K & T pt (6) Missour! Pacific. | Missourt Pac pf. Montana Pow (5 Montgmry W (4). | Moon Motor. | Mors&Esk(3%). Mother L (50¢) . Motion Pic Corp. Motor Met (3.60) Motor Whi (2) { Muliins Body. Munsingwr (3). | Murray Corpn. . | Nash Motor(t5). | Nat Acme (sta). | Nat Biscult(17). t Bisc pf (7). Nat Cash R (A)3 at City Bk (20) Natl Dairy (3) .. Nat D St 1st (7). at Distillers. . . Nat Distillers pt Nat Lead (5)... Nat Pw&Lt (80 | Nat Radiator(3) Nat Ry Mex 2d Nat Supply (4) Nat Surety (10) Nevada Ci1%) N'Y Atr Br (3) N Y Cent (8) NY C&StL (8) NYC&StL D(6) . NY Dock..... NY NH & Hart.. NY NH&H pt(7) NY Ont& W (1). NY Steam pf () NY B pf AT) Stnelair Oll. ., Sinclair pt (8) Skelly Oil (2). Snider Packg Co Snider Pkg pf... | So Por Ric S(f2) South Calif Ed South Dairies A. Sou Dairies B. South Pac (6)... Southern Ry (1) Spicer Mfg..... SWG&E (3%). StdG & Ept (4) StdOiICal(T28 ) StdOilLNJ(71%) Std OlINY (1.6v) Std Plate Glass. | S5td PI Glass pt | Sterling Prod (16 Stewart-wWar (6) Studebaker (5). . ISunotl .. Sun Oil pf (6)... Superior OIl. Sweets of Amer. Symington Symington Cl A. | Tenn Copper (1) ‘Texas Corpn (3) Lex Gulf Sul (4) | Tex & Pacific. .. Tex PC&O(6ve) . Tex Land Trst o Thatcher Mfg. .. Thatehrp?(3.60) { The Fair (2.40). Third Avenue. .. Thompson (3.60) Tidewatr As 1. TidWASOIIDL(6) Tidewatr Oil ¢ Tide W Ofl pf (5) Timken (15) Tobac Prod (7). Tobac Prod A (1) | Transcont OMl. . . Transue & W (1) Twin City pt (7) Underwood (4). Un Bag &Paper. Union Carb (6).. Union Pac (10). Un Pacific pf(4) UtdCgrst(C80c) Utd Cgr St pf(6) United Drug (%) Utd Drg 1st (3% Utd Fruit(15%). USC1P&F (10) SCIPpr(7). Distributing Dist pf (7). S Hoffman (4) Alcokol (5). Leather w1, Leather A. . JS Leatprpf(7) S Realty (4).. S Rubber..... S Rub Ist (8). U'SSmelt (314). | UsSteel (7)., U S Steel pf (7) Un Leaf Tob (3) Univ Pipectzig) Unt Pipe pf (7 | Utl P&LLA (e2) vanadium (14).. 90% | Vick Chem (4).. Victor TIk Mch. . Victor cv pf (8). Victor pr pf (7). Va-Caro Chem. . va-Car Ch 6% vt vivadou (3) Vulcan Detin. Vulean Detin(A) Wabash........ waldorf (1%).. Walworth (1.20) Ward Baking B. Ward Bak pf (1) Warner Pic A... Warner-Quin(2) Warren Bros (4) WarF&Pipe Cor. Web & Heil..... W Penn El A (1) W Penn £l pf (1) West P Po (6).. West P Po pf(7) west Maryland t MA 24 nf Westn Iacific pf ce B cc caag Lunwn cec I 90% Th 1565 140 234 S4u 118% 3084% 9 98 105 109, 109 73 1081 1105 107% 1154 115% 50 Bl 524 (1} 73 108 on the chapter's work. Reservations will be made at once. The committer having the party in charge is com- posed of Alfred W. Sherman. Amert Security & Trust Co., chairman: Miss Eleanor Dankmeyer, Security Savings & Commercial Ban Fletcher, Potomac Saving: B. Hagan. National Metropolitan: John R. Keener, Rygs National; H. F. Kim- ball, central branch, American Secu- ity & Trust: Raymond P. Lochte, Dis ional: Miss Helen MeGilliv National Savings & Trust: Leo J. Mo an. W. B. Hibbs & Co.: Lincoln H Phillips, Bank of Commerce & Savings: | Joseph M. Reilly. Farmers & Me- chanics National: Miss Rose Roy i Washington Loan & Trust Co.: M. F. Showalter, Commercial National, Ed win C. Steffe, Federal-American Second Na First Na G. M. Van Hoesen, tional; Robert G. Whitton, ional Bank of Alexandria. .| Long Exchange Service Rewarded. The Washington Stock E | annual election again proves virtue is its own reward. | Glover, | cause of his past year's good service: 13. L. Hiilver, the new vice president, \Imost never misses a session; C. J Gockeler lonz ago proved his great worth as secretary, while Treasurer George O. Walson has kept the ex hequer in perfect condition for years. | W. B. Hibbs, re-elected to the govern | ing board, is the dean of Washington brokers and has been many times president of the organization. Y. E Booker, on the same committee, stands |in the forefront of members having large numbers of orders to be executed. So, too, Lawrence A. | Slaughter well deserved the honor thrust upon him, while only the other lay Enugene E. Thompson, chairman of the hoard of governors, was elected | president of the Associated Stock Ex- hanges. Seaboard Stock Not for Sale. Robert L. Nutt, recently elected !chairman of the Seaboard ,Air Line | Railway and one of five' trustees named in the will of 8§, Davies War- field, late head of the road, made it clear today that stock in the com- | pany owned by Mr. Warfield was not | for sale. th C. 166% 169 41 4 84 894 1661 169 44 44w 84 B9 31 31 3 | West Unlon (8). Westhse A B(2) Westinghse (4). Weston A (2)... White Eagle (2) | White Mot (2).. White Rock(13) . White Sew Mach White SM pf(4). Willys-Overland willys 0d pf (7) ‘| wilson & Co.... . L ! \Wiison Copf A.. 2 | Wilson & Co pf.. Woolworth (5).. Worthn Pump. . Worth Pump (A) Worth Pump (B) Wright Aero (1) Wrigley (13%). Yale&Town(15). Yellow Truck. 20% Youngstn Sh(5). 88 874 Hourly Sales on N. Y. Warket. 000 1z m 1.079.200 1,806,400 Divilend rates as given 1 the ¢tuve tahle iea the ~nnual cash vayeents based on ihe latest auart-riv or nalf vearly declarations. Uhless CTherwise noted. extra or svecial divi- dends_ are not_ineluded Unit of trading Jess than 100 shares + Partly wxtra t Plus 4% in stock. § Pi ubia in common steck. % Plus /50 in Stoek. " alaid U regular rate Dhien oer cent In common etock. vasavle 115G, quarterly e Plus £% in stock | Pag: able " when 'earno Wio in_ cash ar stock. f Plus 10 ock.. Plus_1/50 Share in stock us $1 4 share m spccial Stock ' (\Blus 6% in stock i Plus 2% i Stdck K\Pavable 1740 of a share auarterl: 193 314 501 40ty 55 5% 76 BT% fe year—ne John T.| Charles | was placed at the helm be- | the big deaprtment store systems, have aroused talk that directors might | increase the common dividend from 0 to $3 a share annually. BUYS C}{ARLOTT_E PLANT. EW YORK, November 22 (A).—Air | Reduction Co. has acquired the Caro- lifa Standard Gas Production Co., with an oxygen-manufacturing plant | at Charlotte, N. C. . GERMAN BONDS AND STOCKS. By Special Leased Wire to The Star. | NEW YORK, November Bid. q Ger Gt Red Loan with draw ctfs att ver 100 R M.... 5200 38.00 Ger Gt Red without Uraw ctfs per 1000 K 3. 2000 3200 (Quoted ' doliars per million mark | Haniburg 4 ) ) s iliousand mar Gor Gen rlin 4s Hamb s amburg Amer Line 418 . h G 1 Lioyd 4135, R s pre-war ich 48 pre-war.. ... (Quoted in_doilars ‘ver s - Elec) .. . Eiec) ptd B ¥ vat Bank. | i | Be | Dre Darmstaedte Hegden Chem _. ... | Mercur Bank Vienna Nor_Ger Lloyd Austrian A'E G_(Gei 1.00 | ? Bank Stock Trust Shares Comprise 30 of the teading banks of {hs country which show a profit of 20 per annum for a eriod of ten vears A safe and conservative investment under Government or State super. vision Full narticulars upon request. JAMES B. COCHRAN CO. 1010 Vermont Avenue Washington. D. C. | % J First Mortgage Notes | BEARING INTEREST AT 6% | | Secured on Residences in D. C. | - EVERGO! Member Morteage Bankers' Assn of America Washington, D. C. 6% First Mortgage Notes Consult Us —for safe investment of your surplus funds. Look to the future by invest- ing NOW. . We have speclalized In the sale of such securities for 40 vears. Wm H. Saunders Co., Inc. Founded 1887 1433 K St. N.W. Main 1016 m_Class A atack = m Plus 87 0 ataci 0 Partly stock b Plit s in orefered stock 9 Plus oue ball ot comugpn stock, P Over a Third of a Century’s Experience 1 As Property Managers —we reeognize the im- portance of reporting to owners, periodically, every detail of our activ- ities in their behalf. This has been our practice for over a Third-of-a-Cen- tury. Owners appreci- ate it. They are as fully informed as though on the premises themselves. B. F. SAUL CO. Main 2100 925 15th St. N.W. 7 “Well Bought --Half Sold” 'HERE isan old sayingin the investment busitres thad“a bond well bought is a bond half sold.” Which means simply that if the investment banking house has made sure, by careful investigation, that the security and yield of a bond are what they should be, experienced investors will be quick to recognize its merit. ‘The banking house of J. A. W. Iglehart & Company deals in all classes of bonds —both domestic and foreign Government Bonds, Municipal Bonds; Railroad Bonds, Public Utility Bonds; Industrial Bonds and Real Estate Bonds. 0 But from among these various classes of bonds, and out of the multiplicity of issues which the bond market affords, this organization of bond specialists makes its selections with meticulous care. ‘The bonds which we offer; therefore, are bonds well bought— bonds that will give a definite, dependable income, fully commensurate with the character of the security and equal to or better than the prevailing income from similar securities in the same class. Write to us—or, come to see us—for information about our specialized service in bonds only J-A.W. Iglehart & Co. Investment Bankers 719 FIFTEENTH ST., WASHINGTON, D. C. BALTIMORE, MD. WILKES-BARRE. PA. WILMINGTON DEL CLARKSBURG, W. VA. RICHMOND, VA.