Evening Star Newspaper, December 2, 1927, Page 14

14 ok BONDS ARE ACTIE sug, Market Leader—Pepco “Preferred Strong. & BY EDWARD C. STONE. Bopds demanded much of the atten. tion® on the Washington Stock Ex- chiange again today. 4 market opened with $1,000 Wash \ Gas Serles A bond selling at the mark of 106%, followed by $2,000, and $2,000 transfers in the same at 106%. Washington Railway & ric 4s sold at 90%. Barber & $%s at 96 and Washington Mar- . 58 at 97. There was a $2,000 and a $1,000 trangfer in Wardman Park Hotel 51 at96%. A $1,000 sale in Potomac Elec- tric Consolidated 5s took place at 103% and Capital Traction 5s came out at 104%. Capital Traction stock sold today at 109%. Potomac Electric Power 5 per cent preferred was_strong at 106%. and 18 shares of Washington Rail- widy & Electric preferred moved at par. The only bank stock out was Merchants' Bank & Trust Co. 10 shares selling at 154. 'Wo 25-share lots of Barber & Ross cammon sold at 35, and the day’s trad- ing ended with three small sales in Columbia Sand & Gravel preferred at 108%. Right now Mergenthaler Lino- tvpe is the only stock on the list be- ing quoted ex-dividend. Further Drop in Rediscounts. Reflecting a continued seasonal re- duction in the demands for reserve| bank credit in the local Fifth district, | ~the Richmond Bank's statement of November 30 showed a further decline in rediscounts of $2,117,000, bringing the figure down to an unusually low level at $18,953,000. Bills bought in the open market remained high at 30,026,000, but changed slightly from the previous week. In spite of the approach of the holiday buying season, note circulation was $1,116,000 lower at $76,478,000. The reserve ratio varied but little from the week before, standing at 50.98, campared with 50.61 per cent. The system’s ratio was 71.2 per cent. Eively Tornado Insurance Demand. dnsurance men in Washington re- port a lively demand for tornado in- sirance since the recent blow caused s much havoc in some sections of the city. TINANCIAL. Oven High Low Close L 141 139% 140% Abrahm&Straus 113 118 112 112 Abr&Stras 7%pt 112% 113 112% 113 Adv Rumley.... 13 13 13 I3 Adv Rumley of. 41 41 40 40 Abumada Lead. 4% 4% 44 4y Alr Reductn(17) 187% 193 1874 Ajax Rubber... 9% 9% 9 Alaska Juneau.. 1% 1% 1% Albany Papr(2). 28% 28% 23 Allied Chem (6) 150% 151% 150% Allled Cm pf (7) 123 123 122 Allis Chalm (8) 115% Amal Leather. . Amal Leather pf Amerada (2).... Am Agricul Chm Am Agri Ch of.. Am Bank N(13). Am Bosch - Am Br Sh (§1.60) Am Brown Bov. Am Brown Bo pf Am Can (2) Am Can pt (7). Am Car&Fdy (6 Am Chain pr (7) 100% Am Chicle (3).. 70% 70% 70% AmChic pr pf(7) 106% 106% 106l Am Drug (8v¢). 14% 15 14t Am Express (6) 172 1724 1704 Am & For Pow.. 28 Am Ho P (240). 684 American Ice(2) 30 Am Ice bf (6) 90 Am Internati¢ 58% Am LaFr&Foam 5% Am Lakra pf (7) 65% Am Linseed.... 68% Am Linseed pf.. 88 Am Locomot (8) 1074 107% 107% Am Loco pf(7).. 124 124 122% AmMch&Fy(13) 185 187 184% AmMa&Fy pf(7y 2354 2:9 235 Am Metals (3).. 41% 41% 41% AmMetals pf(7) 110% 110% 110% Am Ptano (3)... 25 25 25 Am Plano pf (7) 89% 89% 884 AmPo& Lt (11) 64% 64% 64w Am Radlator (6) 134 135% i33 Am Ry Exp (6). 110 110 109 Am Republic.... 68% 67% Am Saf Raz 4% 58 584 57 Am Seating (14) 40 Am Smelting (8) 174% 177% 174% AmS & Rpf(7). 1307 430% 1307 Am Stl Fdys (3) 56 55% 55 Am Sugar (6).., 69% 70 Am Sugar f (7) 106 Am Sumatra.... 64 Am Tel &Ca (5) 32 Am Tel & Tel (¥ 179 Am Tobacco (8). 180 AmTobaccoB(8) 179% Am Tobac pf (6) 117 Am Type Fo(8). 124 124 124 Am W W (m80c) 60% €0% 60% AmWWks pf(6) 101% 101% 101% Am Woolen..... 22 22 22 b51% b51% 51w 18% 18% 18% 52 53 60% 61 Abitibl Pow(5) . 137% 137% 103% 103 100% 100% 179% 177 17 17 Am Woolen pf.. Am Writ Pa ctfs Anaconda (3)... Archer-Dan (3). ArmourDelpf(7) 89% 89% Armouroflll(A) 1l% - 1% Armourofill(B) 6% €% he story was going the rounds to- afy that one man went into an of- tide and asked for some fire insurance. Hp was told that since he had recent- Ivicollected on two fires the company Qi not care to risk another policy ol“hl.s property. ‘'Why don’t you take out some tor- insurance?” asked one of the nts. 'Y believe I will,” he replied. Then with a puzzled look on his face he in- “But how do you start a tor- lo? Theater Boxes in Demand. e institute theater party next Ménday evening at the National, when 1 Carroll's “Vanities” will be the attraction, is now expected to draw a ked house made up of many of the leading bankers of the city and their friends. Among those who have taken es for the party are Frank P. rse, manager of J. & W. Seligman & .; Robert V. Fleming, president i National Bank; Francis G. Ad- digon, jr., vice president Security Sav- ings & Commercial, and Maurice D. Résenberg, president-of the Bank of Commerce & Savings. While the tickets are being sold at the banks the theater box office is also handling them so that there will be many Washingtonians aside from the bank- inft fraternity in the audience. There is great rivalry among the ingtitute consuls to see who will dis- pose of the most tickets and win the yewards, which are to be made in gold. The arrangements are being made by 1..J. Roberts. chapter president, and the theater party committee com- posed of Alfred W. Sherman, chair- man; Eleanor L. Dankmeyer, J. T. Fletchall, Charles B. Hagan, John R. Keener, H. F. Kimball, Raymond P. J.ochte, Helen MacGillivray, Leo J. Moran, Lincoln H. Phillips. Joseph M. Reilly, Rose Royce. M. F. Showalter, Fdwin C. Steffe, Thomas C. Talbert, Gi.° M. Van Hoesen and Robert G. ‘Whitten. Savings Bank Has Big Club. The Northeast Savings Bank sent out Christmas savings checks yester- day to the largest number of members the club ever had. This year's de- posits were $199,000, divided among 4.300 members. The bank now is starting its 1928 club, and hopes to make'a still better record. Great interest is being manifested in _the opening of the 1928 clubs all over the city. The windows were kept busy yesterday in starting the new books.” Thousands of people have found that this is the surest way to have ample funds when they most want money during the holiday sea- son. ’ Heard in Financial District. John M. Riordon, vice president of the ‘Bank of Commerce & Savings, will talk over the radio at 9:30 Satur- day evening from Station WMAL, Mr. {Riordon will discuss the timely subject of “Christmas Saving: + The Bureau of Internal Revenue re- cently reported that the income in 1926 of the 177,000,000 persons in the Upited States totaled $90,000,000,000, a gain of 43 per cegt since 1921. Insur. arce men have done some similar fig- uring and now report that life insur- arce in force has increased 71 per cent in the same period. ; C. & P. Investment $25,086,727. The Chesapeake & Potomac Tele- pHone Co. has invested in the District of: Columbia in plants and equipment the sum of $25,086,727, according to ] les T. Clagett, general commer- perintendent. tside plant facilities and central office equipment added to the system of the C. & P. Co. in Washington dur- ing the first 10 months of 1927 amount- ed to $2,569, The Bell System as a whole has ex- pénded over $3,000,000,000 for tele- plone plant and equipment since the Inivention of the telephone in 1876. e iy i FEDERAL LAND DANK BONDS. fQnoted by Alex. Brown & Sons. Closine Bid. Asked w3 10 > AAAGAEAZARERA § COPPER ADVANCED. NEW _YORK, December 2 ().— ndon, from 14.15 cents. Good for- efgn sales are reported, and dgmand the domestic market is more active Armour Il pf(7) 69% 69% Arnold Con&Co. 53% b53% Art Metl (1%).. 25 25 Asso Dry G (2% 50% 50% Asso DG Ist (6) 110% 111 110% AssoDG2d (7). 114 114 114 Asso Of (13.20). 38% 39% 38% Atchison (110). 195% 197'% 194% Atchison pf (5). 104 104 104 AtlCoast L(110) 194'% 196% 194 AtGuir& Wi.. 41% 42 41 Atl Refining (4). 114 114% 113% AtlasPowder(4). 62 62 62 Auto Sales...... 10% 11 9% AutoSales pf(3). 41 41% 40% Autostrap A (3) 46 46 45% Baldwin L ¢7).. 252% 2556 252% Bald Loco pf (7) 121 122 121 Balto &0 (6)... 118% 120% L18% Balto& Oh pf (4 8I1% 8l B81% Bambgr pf(6%). il0 110 110 Bk Comerce t18. 574 574 572 Bang & Ar (3%) 69% 72 69% Barnet Leather. 47 47 47 Barnsdl A(b2%) 24% 24% 24% Bayuk Clgars 104% 104% 102% 103% Beacon Oil. . . 15% 164 15% 15% Beechnut(13.60) 70% 70% 70% 70% Beechat pf B (7) 115% 116% Belding Bros (2) " 20% 204 Best &Co(3)... 57 56% 54% THE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to’ The Star Office. | Del & Hud (9).. Del L& W 17). DRG Wst pf... Detroit a «8).. Devoe & Ri(2.40) Liamd Mich(8) Dodge Bros Cl A Dodge pf « . Dome Mines (1), Dul SS & Atlan. Dul S S & Atl pt. Duluth-Superior Dunhill Int (4).. Du Pont (t14%) DuPont deb (6). Kastman (18)... atlon Axle (2). iseniohr & Bro. 151 AutoLt (16%) Llectric Boat. .. Etec Power & Lt t51ec P&LL pf (1) iSlec Refrigeratn 1 Stge Bat (16) tsud Jonn (5)... ingineers Pub S Equit Bldg (7).. Srie R R, Erie Sum S (2% ErieStmS ofs 2% Equitable pf (7). tiureka(f14% ) .. Kxchange (1%). FarLoan&Tr {20 Fed Ligt(h1,40). e L&l pI (6). t'ed MotT(f80¢) Fifth Ave (64c), 1d Phoenix(4). irst NatS(1%) 13k Rubber. ... Kisk 18t pt (7). k 18t pf cv(7) ‘leischiann (3) Foundation Co. . Fox Film A (4). Frank-S pt (1).. Freept-Tes t4% Gabriel Sn (3%) Gardner Motor.. Gen Am Tok(4). Gen Asphalt. ... General Cable A Gen Cigars (4).. Gen Elec (16).. Genlsleo sp(6Ue) Gen GasA(ol%) Gen Mot (17%). Gen Mot pf (7)., Gen Vutdr Ad(z) Gen Ry Sig (6). Gen Ry Spf (6). Gen Kefrao (3). Gullette SaR(16) Gimbel Bros. ... Gimbl Br pt (7). Glidden Co..... Glidden pr pf(7) Gold Dust (3)... Goodrich Ru (4) Goodrich pf (7). Uuodyear Tire. Goodyr 1st pf(7) Gothm S H (2%) Gotham new 2 Gould Coupler A Granby Con Min Urt North pt (5) Gt Nor pf efst5) GreNorU (1%). Grt Wes S(2.80) Gt West § pt (7) Green Canan Guantanamo.... Gulf Mo & Nor.. HacknskW (1% ) Hanna istpf.... Hartman A (2).. Hrtn B 10 %Stk Hershey Corp. .. Hershey prior pf Hershey conv pt + Hollander & Son Household (14). Houston OIL.... Howe Sound (4). Hud Man (2%). Hudson Mot (6) Hupp Mot(1.40). Lllinots Cen (7). Indep Ofl (1)... indian Mot (1%) Indian Refining indlan Refg cti Bethlehem Steel 54% b4k Betb Sti pf (7).. 116% 116% 115% 1153% Bloomingdale... b5l 51 % 50 Bimingdle of (7) 111 111% Blumenthal pf.. Bon Ami Cl A (4) 64% Booth Fisherles. 5% 6% Booth Fish 1st.. 48% 49% Briggs Mg Co.. 2% 24% British Empire. . % 2 British Emp 2d.. 5% 5% 5% Bkin-Edison (8) 192% 193% 191 191 Bkiyn Un Gas(5) i47% 147% 147 147% Brown Sho 44% Brunswick B (3) 34 83% Brunswick Ter.. 14% 16% Burns BrosA(8) - 100% 100% BurnsBros pf(7?) 99% 99% Burroughs Ad 14 134 185 Bush Term (n2). 67% 67% Busb Ter de (7). 110 109% 110 Butte Cop (50c), 4 Butte&Super (2) Butterick (g2) Byer & Co.... Calif Packg (4). Calif Petm (1).. Callahan Zine Calumet & Ar (6) Calu & Hecla (2) 18% Can Dry (t3%). 51 Can Pacific (10). 204 219 204 Can Pac 1st pd.. 200% 211 CaseThreshg(6)” 266 268 Cent Alloy (2).. 28% 28% Cen Ry NJ (t12) 309 312 309 Century RibM.. 13 13 13 CerrodePas (15) 67% 67% 66% Certain-Teed (4) 53% 53% b52% 52U Chase Nat B(18) 377% 578 577% 578 Chat-Ph Bk(16). 641 541 541 541 Ches & Ohio (10) 207 213% 207 211 C&OCorpn (3), 824 84% &1% Ch! & Alton.. M T Tw Chi & Alton pf.. 124 11% Chi & East I1l... 44 43 Chi & East 11} pt 2% Chl Great Wes! 1 3 13 Chi1 Gt West pf.. 29 Chi Min& St P.. 16% Chi Mil & StP of 33 CM&StPefs.. 16% C M&StP pf cf 32% 32% Cht & Nwn (4).. 89 88Y Chi & Nwn pf(7) 149% 150 149% Cht Pne Tool (6) 134 134 134 Ch1 Rock Is (5). 108 109% 107% Chi Yellow C(4). Chllds (32.40).. ChileCo (2%).. Christ! B (1.20). Chrysler Cor (3) ChryslerpfA(8). Cinn Sand pf(3). City Stores (B). Cluett Peab (5). 79% Coca-Cola (6)... 125% Collins & A1K(4) 100% Collins&A pf (7) 108 Col Fuel & Iron. 78% Col & Southn (3) 122 Col Gas & EI (5) 90% Col G&E of A (6) 108 Col Carbon (4).. 94% Com Cred (1)... 19% Com Cr pf B (2). 23% Com Cred of 6% . 884 Com Inv (360).. 57% Com Solvents(8) 159% Com Powr (2%). 66% Com Power rt: 1 Conde Nast(2).. 46% Congoleum-Nair :9% Cong Cgrs(t4%) Con Cigars (7).. 79 126% 126% 100% 99 108 108 9% 28% 9% 78% 9% T8% O % 118% 117% 101% 101% ConRRCuba pfé 714 714 71 Consol Text! Im 8% Cont Bake A (4) 55% b55% 634 Cont Baking B.. 6% 6% -6 Cont Bak pf (8). 964 86k 96 Cont Can (5). 80% B0% Cont Insur (6).. 249% : w49 Ind Ref pf(7)... Inland St (2%). [nspiration Copr Intcontl Rub(1). Internat Agri... int Agricul prior Int Bus Ma (5).. Int Cement (4).. lat Cement pf(7) Int Com Eng (2) Int Comb pt (7). Int Harv (§6),.. IntMtch pf(3.20) Int Mer Marine. Int Mer Mar pf. Int Nickel (2)... Intl Paper (2.40) Int Paper pf (1) Inter Salt (6)... Int Tel & Tel (6) Iowa Central... Island Creek (4) KCP & L 1st (7) Kan City South. Kan C So pf (4). Kennecott C (5). Kinney pf (8)... Kresge (1.20)..¢ Kresge Dept S. . Kress SH(h1%). Lago O1l (76¢).. Lambert Co (16) Lee Tire & Rub. LehighVal(33). Lehn & Fink (3) Life Sav (1.60).. Lig&MyrsB (£4) Lima Loco (4).. Liq Carb (3.60). Loew's Ine (2).. Loft....... Long Bell A (4). Loose-W11(1.60) Lorillara Co .. Louistana Ofl... LaOll pf (6%). LoutsGasA(1.¢5) Louls & Nash(7) Ludlum Steel(2) MacAndrws 2.60 McCrory t1.60). MecCrory B (1.60) Mecintyre P (1).. Mack Truck (6) Mack T 1st (7)., Mackay pf (4).. Mad Sp Gar (1). Magma Cop (3). Mallison & Co... Mallison of (7). Mandel (2%)... Man Bl Sup (5). Mar Rock(t3% Martin-Pary (2) Mathieson (4).. May Dept 8 (4). Maytag (13).... MetroG pf (1.89) Mexican Seab. .. AMiami Cop (1).. Mid-Continent., Middle States. .. 81d States Ol ct Midland pt (113) Milier Rub (2).. Minn & St Louis, Min St P & 85M. M St P&SSM pf. Mo Kan & Tex. . MoK & T of (8) | Missour! Pacific Missour! Pac pf. Cont Mont (80¢) 1l 10 Corn ExBnk(20) 615 616 Corn Prod (13). 66 667 Coty Ine (16)... 117% 118% 117% 118% 86% 86 13% to 14 cents a pound, delivered. — iPAIGE SHIPMENTS HEAVY. NEW YORK, December 2 W)n— ipments by Paige-Detroit Motor Car . in November were largest for any wember in the company’s history, g nst 1,410 in last pper Exporters, Inc., has advanced 1l price of copper to 14.25 cents a und, c.i.f. Hamburg, Havre and H al in November CrucibleSteel (6) 86% 864 Cuba Cane Supf 31 30% 30w Cuba Company.. 24% 24% 25 Cuba R R (4.80). 85 8 85 Cuban AmS (1). 0% i9% 20 Cudahv Pke (4). 53% 53% 53% Curtiss Aero.... 50% 4 52 Cushman's (§4). 142 138 Cuvamel Fruit 50 51 50 56% l& 114% 114 114% Davison Chem. Duoere&Co bt (1) Montana Pow (5" Montgmry W (4) Moon Motor. Mother L (5 Motion Pio Corp. Motor Met (3.60) Motor Whi (2).. Mullins Body... Munsingwr (3), Murray Corpn.. Nash Motor(t5). Nat Acm Nat Bellas He: Nat Blscult(17) Nat Cash R (A)3 179% 5% 194 690 39 96 20% 1% 178 % i 9Ly Yoy 687 Buly en Qutdr A (4). Y 1624 1681 47 4 W EVENIT Low. Close 187 192w 1375 138% 3 137% ~137% 16% 17 66% 66% 13% 18% 25% 48% { 82 . 88 27% 109% 4 Nat City Bk (20) Natl Dairy (3).. Dept Stores Nat Distillers. . Nat Distillers pt Nat Enamel & 8 Nat Lead (6). t Lead pfa(7) Nat Pw&Lt (80¢ Nat Radlator(3) vat Rad pf (7).. t Ry Mex 2d at Supply (18). Nat Surety (103 Nat Tea (4).. Nevada C(1%).. N ¥ Cent (8). NYC&StL vf(8). NY & Harlem(5) NY NH & Hart. . NY NH&H pt(7) NY Ont& W (1). NY Steam pr «6) Niag F pd (1%). Norfolk South. . Norf & Wn(t10) Nort & W pf (4). NorAm bl0%stk North Pac (5)... Nor Pac ofs(5) .. Norwalk Tire... Norwalk Tire pf. VIl Well Sup.... il Well S pt Umnibus opnhm Col ( Orpheum Cir (2) Orpheum pf (8). vt Eievator (6) Otts Steel....... Otts Stl prior(7) Outlet Co (4). .. Outlet Co pt (7). vwens Bot (C15) Pacific Coast. Pac Coast 1st... Facific Uas (2). Pac Tel & Tel (7) Packarad (3) raige Motor... van-Am Pet (4) Pan-AmPeLb(4) van-Am West B, Panhandle. . Parmi-Fam (J8) raramt-F pf (3) vark & Tiltord. . tark Utan (80c) Pathe kx A (4). Patino (a2.10) P’eerless Motol Penn C & Coke. . Penubix Cmt(2) Pa ix Ctpf (7). Lenna R R (3%) 'eoples Gas (8). Peoria & East... Phila&RC&1 efs. vhilip Morris. . . Phillips Pet (3). Plerce-Atrow. .. Plerce Arrow pt. Pierce VIl.... Plerce retrolm. Pillsbury (1.60). Pits Coal, PittsTerm Coal. Pilts &W Vai6). PorRicoTobA (7) Porto Rico To B. Postum (6)..... Uressed Stl Car. Pr Stl Car pt (7) L’rod & itetiners. Producers&i pf. Prophylac B(14) Pub Serv NJ (3) Pub Serv pt (6). Pullmn Corp(4). Punta Aleg Sug. Pure Ol (11%) . Purily BakA(3). Lurity Bak B (2) itadlo Corp of A. RSINCefs (4). Reading (16)... Reading 2d (2). Reid Ice Urmi(3) Remingtn-Rand Rem-Rd1st (7). Kep Ir & SuU (4,. Repl&Spt (7) Keynolds Spngs. Hey Tobac B (6) itossia Ins Co rta Royal Da3d.13%. St Jos Lead (13) St L& Sankr(8). St L&Sank pt(6) 3t L Southwest. Savage Arm: Schulte (3%)... Schulte pt (8) Seabd Air Lan Seab Alr L pf... Seagrave (el.20) Jears-R (nzig). Seneca Coper... Shattuck ¥ G (2) Shell Un 11.40).. Shuber The (5). Simmons (2), Simms Pets Stnclair V1L, Sinclair pf ( Skelly Ol (2)... Sulder Packg Co. Snider Pkg pf... 3o Por Ric 8(£2) South Por pf(8). South Calif South Dairfes A. Southern Ry (7) Spaulding pf (7) Spicer MIg..... SHG&L (3%). Std Mill (5)..... StdONCal(12%). StdOiL,NJ (T1%) Std OUNY (1.60) Sterling Prod(16 Stewart-War (8) Strom Car (2). Studebaker (5).. Submarine Boat. SunOil (11).... Symington, ..... Symington Cl A.. ‘Tenn Copper (1) Lexas Corpn (3) Cex Guif Sul (4) ‘ex & Pacific.... Tex PC&U60c). Tex Land Trstn Thatchrp?(3.60) The Fair (2.40). Thompson(3.60) Tidewatr As Oll. Tid W ASOIIpf(6) Tidewatr Oil 80c Tide W Oll pt (5) Cimken (16).... lobac Prod (7).. Tobac Prod A (7) Cranscont Ofl... Transue & W(1) 'win City R (4). Twin City pf (7) Underwood (4) Un Bag &Paper. Union Carb (6).. Union O1l (12%) 1nfon Pac (10). Unton Tank (5). ytdCgrst(C80c) Utd Cgr St pf(6) United Drug (9) Utd Drg 1st (3% Utd Frultct6%). USCIP&F (10) U8 Distributing US Dist pf n(7). U 8 Hoffman (4) S Aleohol (5). Leather w 1. Leather A.. Realty (4).. Rubber..... Rub Smelt (3%). Sm pf (3%5). Steel (1)... U 8 Steel of (7) Un Leaf Tob (3) Unt Ple Ist pf(8) Univ Pipett2) Ut P&LE A (e2) Vanadtum (14).. caccaacec RUEOREBY Vietor or pf (7). Va-Caro Chem. . Va-Car Ch pf (7) Vivadou (3).... Vivaudou pt (7). Vulcan Petin. Vule Det uf (7). Wabash,,eeeese RAILS LEAD CLIMB IN'STOCK MARKET Canadian Pacific Up 13 Fcints on Day—Money High- er—Industrials Rise. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December shares as —Rallroad | one of the seasoned dividend payers being actively bought at higher prices. The forenoon had been de- voted to industrial specialties, but in the second part of the session the rails monopolized attention. Canadian_ Paciflc, which was the early favorite, increased its gain un- til, above 217, it was up over 13 points on the day and moving forward by leaps and bounds. It came within hailing distance of the high of 1914 and was far above anything seen since that time. Delaware & Hudson moved into line, crossing 190, up over 5 points, and offerings diminished as the. price advanced. g Movement Spreads. Then the movement spread to the rest of the list and Atchison, Union Pacific, Nickel Plate, Rock Island, Baltimore & Ohio, Chesapeake & Ohio, Southern Pacific, New York Central, Illinois Central, Northern Pacific, Norfolk & Western and others were rushed forward with a show of en- thusiasm unequaled in weeks, * It was one of the most remarkable demonstrations this remarkable mar- ket has witnessed. It was all the more striking because it came at a time when car loadings were down, not only from last year but from the three preceding years. Reasons for strength in individual stocks could be assigned, as for in- stance, in the case of Canadian Pa- cific, but they were not needed in the general rush to buy the rails. The strength in the rails in the aft- ernoon overshadowed the feverish speculation in the industrials, which had been the feature of the earlier trading. It served to obscure the fact that money had renewed at 4% per cent, which, with but one excep- tion, was the highest renewal rate in nearly two months and the fact that brokers’ loans had touched another new peak for all time. Little atten- tion was paid to these fundamentals. The so-called specialties fluctuated wildly. United States Industrial Al- cohol, which had closed at 89, opened “p a noint or so, advanced to 92% and then-on a single string of transactions mounted to 97, where it showed a net gain of 8 points. After this demon- stration, in which unfertunate shorts must have suffered huge losses, the stock dropped back almost 4 points. Greene Cananea Spectacular. Greene Cananea was another spec- taculan performer. Under an accu- mulation of buying orders, and with large blocks changing hands on the way up, it crossed par for the first time since the stock was listed. Later Freeport Texas shot across $100 a share also for the first time. Then Wright Aeronautical was taken up, sodring nearly 5 points to the best of the year, which was also the best since listing. Postum Cereal was bid up more moderately. The foregoing does not exhaust the list. Westinghouse Electric continued its rise, American Machine & Foun- dry sold around its recent high, and there was ‘a sharp rise in General Railway Signal. Meanwhile the old standbys, Steel and General Motors, moved more sedately. Steel was frac- tionally higher in the early trading, but that was about all. General Mo- tors did little one way or the other. The market was determined to have new leaders. FOREIGN EXCHANGE. (Quotations furnished by W.B. Hibbs & Co.) Nominal Selling checks gold value. 48605 S48 g0k 0544 1920 0130 1655 000014 % 760 orw. 210ty Covenhigen. Oslo, crown. . . s Stockholm. erown’ NEW YORK, December 2 (#).— Foreign exchanges firm; quotations (in cents): Great Britain, demand, 487%; cables, 488%; 60-day bills on banks 4835 France, demand 3.93 15-16; cables, 3.93 9-16; Italy, de- mand, 5.43; cables, 5.43%;. Demand: ‘Belgium, 13.97%; Germarly, 23.88%; Holland, 40.38%; Norway, 26.61; Sweden, 26.98; Denmark, 26.81: Switzerland, 19.28%; Spain, 16.62; Greece, 1.321; Poland, 11.25; Czecho- slovakia, 2.96; Jugoslavia, 1.76; Austria, 14.12; Rumania, .62; Argentina, 42.82; Brazil, 11.97; Japan, 45.85; Shanghai, 63.87%; Montreal, 100.093%. . POTATO MARKET DULL. CHICAGO, December 2 (#).—Pota- toes—Receipts, 93 cars; on track, 338; total United States shipments, 505 cars; demand and movement slow, market dull; few sales reported; Wis- consin sacked round whites, 1.50a165; Minnesota, North Dakota sacked round whites and Red River Ohios, 1.30a1.40; Idaho sacked russets, No. 1, 1.50a1.65; partly graded, 1.25a1.45. Wabash pf A (5) Waldorf (1%).. Walworth (1.20) Ward Baking B. Ward Bak pf (7) Warner Plc A... Warner-Quin(2) \Varren Bros (4) WarF&Pipe Cor. Web & Hell Web&Heil p! A W Penn Il pt (7) West P Po pf(7) West DairyA(4) Western Dairy B West Maryland. West Md 24 of. West Pacific. . Westn Pacific pf West Union (8 Westhse A B( 9% 19% 93% Westhse 1st (4). Weston A (2)... White Bagle (2) White Mot (2).. White Rock(3). White Sew Mach White SM pf(4). Willys-Overland Willys Od pt (7) wilson & Co Wilson Co pf Wilson & Co pf.. Woolworth (5).. Worthn Pump.. Worth Pump (B) Wright Aero (1) Yellow Trucl Yel Tr&Co pf (7) Youngstn Shi5). Hourly Sales Nividend rates are the ~nnual ca Dot of trading ése than 100 ehffes it o tra P [l 5 . ATy el o Phick © 3 Glos” 280 g AL, on etosk. basabie T " e % th -‘m."fi’flu. irned, A Pavahle n ¢ ‘ ot aHock "By 1& 0 plock " ~iia 188 5 i L R T ook k “r'é&l " snare’duarter}s i Cines & A sl B ' areiarid Stook: (Consult complete. n E5ia stook.) 2, 19217, COTTON 1S STEAD INTODAY:S TRADING Early Advance Meets Reac- tions, but Prices Hold Above Previous Close. By the Associated Press. NEW YORK, December 2.—The cot- ton market opened steady today at an advance of 7 to 12 points on continued covering and trade buying, but seem- ed to meet slightly increased offer- ings around the 1914-cent level for March offerings, which supplied the immediate demand, and there were re- actions of 5 or 6 points from the best. Selling was in comparatively small volume, however, and the market was quiet at the end of the first hour, prices holding fairly steady around 19.45 for March or about3 to 4 points above yesterday's closing quotations. A private report estimating the crop at 12,785,000 bales was without apparent effect on the early market. Private cables said trade calling and continental buying had absbrbed liqui- dation and hedge selling in the Liver- pool market and also an increase cloth turnover for India, but that prices were unsatisfactory. Baltimore Markets BALTIMORE, December 2 (Special). —White +potatoes, 100 pounds, 1.50a 1.75; barrel, 1.25a2.75; sweet potatoes, barrel, 1.25a1.75; yams, barrel, 2.00a 3.00; beans, bushel, 75a1.25; beets, 2.00 23.00; brussels sprouts, quart, 10al8; cabbage, 100, 2.00a4 cauliflower, crate, 1.50a2.25; carrots, 2.00a3.00; celes crate, 1.25a2.00; kale, bushel, 5 ettuce, crate, 4.50a5.00; onions, 100 pounds, 1.00a1.75; peppers, crate 1.25a2.50; pumpkins, 100, 10.00a20.00: basket, 35a40; spinach, bushel, 30a65; cabbage, bushel, 15a25° tomatoes, crate, 3.00a5.50. Apples, basket, 35a75; barrel, 2.50a 6.00; cranberries, hox, 3.25a4.00; grape- fruit, box, 3.50a4.50; oranges, box, 4.00 a5.00; pears, bushel, 50a1.00. Hay and Grain Prices. Wheat—No. 2 red Winter, export, 1.38%; No. 3 red Winter, export, no quotation; No. 2 red Winter, garlicky, domestic, 1.38%; No. 3 red Winter, garlicky, domestic, no quotation. ‘Corn—No. 2 yellow, domestic, 1.02; cob corn, old, 4.90, 5.00 per barrel, nominal. Oats—No. 2 white, domestic, 6la 61%; No. 3 white, domestic, 60a60%. Rye—Nearby, 90a1.00. Hay—Receipts, 21 tons. New hay is arriving in only limited quantity. 1t is, therefore, not being officially graded and sells strictly on its merits, within range of 14.00a17.00 a ton, tim- othy and clover grades. Straw—No. 1 wheat, 10.00a14.00 per ton; No. 2 oat, 13.00a14.00. Dairy Farm Products. Live poultry—Turkeys, pound, 40a42; old, 35a36; poor and crooked breasts, 25; Spring chickens, 23a25; Leghorns, 20a22; poor and thin, 16al8; old hens, 20a24; Leghorns, 15al17; roosters, l4a ducks, 22a25; small and poor, 16a geese, 18a23; pigeons, pair, 20a30; guinea fowls, each, 40a85. Dressed poultry—Turkeys, pound, 38a42; old Toms, 35a36; poor and crooked breasts, 25; young chickens. 24a26; old, 22a25; old roosters, 15a16; ducks, 25a28; geese, 20a25. Eggs—Receipts, 1,273 cases; native 4nd nearby current receipts in free cases, dozen, 43; strictly fresh, dozen, 45. Butter—Good to fancy, creamery, pound, 46a52; prints, 52a54: blocks, 51a53; ladles, 37a38; rolls, 34a36; store packed, 33; process butter, 4lad2; dairy prints, 34a36. —_— RUBBER DECLINES. NEW YORK, December 2 (Special). —Crude rubber, smoked ribbed sheets, declined % at today’s noon quotation of 40. This compares with 35% a month ago and 36 a year ago. N T ok COTTON GOODS DULL. NEW YORK, December 3 (Special). —Cotton goods markets were dull and unchanged today. Print cloths were quoted at 8¢ for 64x60s and at 9c for 68x72s. Raw silks were up 5 points in a strong market. E o TREASURY CERTIFICATES. ) Company. Am Car & Fndry..$1.50 o Am Tob; 1 Bane i';,-m u;,z br:1 Chat-Phe N B & Tr. Chesaneake Corp, Commercial i T @ First Nat Stores. Fislechmann Co. EREEERERRE) o1 115 551 12 R A b2 ocam B 0105010051200 D 19235 S 100 B O IR IS0 e B B ~ s B3 otor Nat En & St pf. Orpheum Circuit Do. nt. Owens Bottie. Do. Do ; Seaboard Nat Bank. .4% Smith (H) PM.Lt, p.2% TS Trust of N ¥ Univ Pipe & Rad Do. pf A" Vulean Detin - % 0c 75 R At .5 1 8 SRS R N S e R R R B S R R SRS R S S S P e A, oy LINES INDICATE MONTHLYWKI®N AND LOW PER SHARE ANALYSIS. What Is Back of Each Share. Per share. TU&‘d 'flmull assets . $191.60 one: sn;:‘rfl:‘m $10GK and bonds . 811320 rrent s .o 2 Promiunh redempti red stock . Net assets for common ... Eacnis rm S "2522,. fi:{i’l’lfl Dlm‘lgo Dividends paid since, wgé 018, . 1028 o582 78 siock. viela. §%- Jour banker or broker for o jormation as to values back of Scrap book: this for future refercuce, FINANCIAL. EDSON WILL QUIT RAIL HEAD POST, PAPER SAYS KANSAS CITY, December 2 (#).— The Kansas City Star says J. A. Ed- son will retire as president of the Kansas City Southern Railroad at the end of this month. The resignation, which the Star said was confirmed from New York, will end a 22-year tenure in that office. Pending action by the directors, prob- ably Wednesday, the Star said, Mr. Ed- son, who is 73 years old, and A. M. Calhoun, vice president and assistant to Mr. Edson, declined to discuss a probable successor or his detirement to a less exacting, advisory post with the railroad. Mr. Edson came to Kansas City in 1899 as general manager for the re- cefvers of the Pittsburgh & Gulf Rail- road. In 1902 Mr. Edson went to Den- ver as general manager of the Denver & Rio Grande, returning to Kansas City as president of the Kansas City Southern in 1905, . PRICES ON PARIS BOURSE. PARIS, December 2 (#).—Prices were irregular on the Bourse today. Three per cent rentes, 57 francs 85 centimes; exchange on London, 124 francs 2 centimes; 5 per cent loan, 76 francs 35 centimes. The dollar was quoted at 25 francs 40% centimes In Nearby Virginia Prudential ‘ Commonwealth Investment Co. 917 15th St. N.W. Phone Main 2623 WE FINANCE —all classes of inconie.producing roperty Large Loans a Specialty Current interest rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. BROKERS Established 1916 Bonds Grain Cotton Write or call ket letter. for weekly mar: No Obligations BUCK AND COMPAN Evans Blig 1420 New York Ave. Franklin 7:100 Character Loans j, The Services of “Your Bank™ Are Available to All Federal Employes. And When Loan is Paic A Monthly You Also Have sit of 6.25 $12.50 $18.75 $25.00 $31. $37.50 $50.00 $62.50 When you repay the loan you will find a substantial sum to your credit at “Your Bank.” Departmental Bank \ “Your Bank” s Under U S. Government Supervision 1714 PA. AVE. N.W. Pays 4% on Savings Accounts e hEEH 33333833 i APPLICATIONS iNVITED First Mortgage Loans On Improved Real Estate ~for three or five year terms at prevailing interest rates. Lincoln National Bank Washington, D. C. The New York Life Money to Loan Secured by firet deed of trust on real . Brevaling interest and commimion Joseph 1. Wel_ler e "ot & & Want to Borrow $20,000 for one year at 7% to be secured on Maryland Property that can be sold for $30,000 Will pay 5% commission W. R. TAYLOR 907 15th St. N.W. MONEY for SECOND MORTGAGE LOANS Homes and Business Properties PHILIP MILSTON 1104 Vermont Ave. Deecatur 1681 REAL ESTATE LOANS 5% FRED T. NESBIT 1010 Vermont Ave. ain 9302 SECURITY SALESMAN , Experienced, capable of selling high- est “class Of business men. to sell in- vestment securities. Permianent posi- tion, unlimited opportunities. Address Box'129-R. Star Office Offices Saul Building 925 15th St. N.W. Several desirable rooms at very reasonable rents. . Inspec- tion invited. B. F. SAUL' CO. Main 2100 925 15th'St. N, Bank Stock Trust Shares Comprise 30 of the leading banks of the country which show a profit of 20% per annum for a veriod of ten vears. ‘ A safe and conservative investment under ~ Government or State super- vision. Full particulars upon request JAMES B. COCHRAN CO. 1010 Vermont Avenue Washington, D. C. YOUNG MARRIED MAN. FIRMLY ES- tablished with nationally known company but = encumbered with several personal and pressing financial obligution: his own, others for which he accept respouibility, i anee, at_ban tions. ~ Em; opportunit, and relief from' severe embarrassment. For address _ Box 3%0-R, Star Office & ‘mental strain and interview. king 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 WADR fl._(_’flflnl President Capital $1,000,000.00 Insurance Company Offers to Make First Mortgage Loans Oo Improved Real Estate in the District ot Colun.bis and Nearby Suburbs in Montgomery County, Md. for 3. § or 10 year terms oo your o Bl i, Apply RANDALL H. H NER & COMPANY AG! Incorporate; MoRTGAGE LoAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 Equitable Co-Operative Building Ass'fi.‘f-: JOHN JOV KSON, Eresident nl Assets e s5.202,042.70 Sul Ry SAVE Lay your plans now for financial independence by opening an account in the Equitable. Start now, today. WALTER 8. PRATT, Jr., Secretary 48th YEAR COMPLETED Surplus <. -$1.511,118.87 bscriptions for the 94th Issue of Stock Being Received In the Equitable ' Systematically No matter what you are saving for— a home, your chil dren’s education— Mflufl the matic pla -Iul ing ic_plan hand to mumupmo money.