Evening Star Newspaper, December 5, 1927, Page 14

FINANCIAL. SAME SERVICES GIVEN —to large or small dealers; L0y share or odd lot units Let us ald vou in vour investment olans WRIGHT, SLADE & CO. MEMBERS: New York Stock Exchamge New_ York Colton Exchange CRicaao. Board 'of Trade. 100 Share or Odd Lots Connecticut Ave. at De Sales St. Telephone Main 1581 g We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company - 900 F Street 620 17th Street LOANS We will glady receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of interest. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-five Years —insures vour protection. CAPITAL TRACTION Stock Goes to 110—Pepco Preferred 5 1-2s Leaders in Day’s Dealings. BY EDWARD C, STONE. Capital Traction stock reached the best price in its present move today, when it sold on the Washington Stock Exchange at 110. The day's trading totaled 50 shares in three separate transactions. Potomac Electric Power 5% per cent preferred led in the market in | volume, 60 shares in four different sales moving at the strong price of 106'%5. Washintgon Railway & Elec- tric preferred sold to the extent of 10 shares at 100, Mergenthaler Linotype again sold at 106%. Twenty shares of Sanitary Grocery preferred sold at 103%, an ad- vance of a quarter point over the last sale last week. The d: stock trading ended with a 50-share turn- over in National Mortgage & Invest- ment preferred at 614. Only one bond issue appeared on the board, Washington Railway & Electric 4s in denominations of $2,000 and $1,000 changing hands at 90%. These bonds have recently advanced. The last previous sale took place at 903, so that today’s figure is a new high. Bank Declares Usual Dividend. The directors of the Bank of Com- merce & Savings have declared the regular semi-annual dividend of 5 per cent, payable on January 1 to stock- holders of record on December 20, ac- cording to announcement by the pres- ident, Maurice D. Rosenberg. The stock hos been on an annual 10 per cent basis for a long time. It is shown in the records of the local stock exchange that the last sale of Commerce & Savings stock was made THE EVENING STAR, WASHINGTON, D. ¢, MONDAY, DECEMBER 5 1927. 111 110 110% 18% 13 18% Adv Rumley pf. 414 42 414 42 Ahumada Lead. 4% 4% 4k 4% Alr Reductn(17) 194% 194% 191 191 Ajax Rubber. 10 1t 10 1l Alaska Juneau.. 1% 1% 1k 14 Albny Pap pf (7) 98% 98% 98% 98% Allled Chem (8) 151% 152 150% 150% Allied Cm pf (7) 1226 1224 122 122} Allls Chaim (6) 114% 116% 114% 115 12 12% 1l 12% 804 %0% 80 29% 29% 29 15% 16% Am Agri Chpf.. 58% 584 Am Bk N pf (3). 62 62 Am Bosch...... 23 3% 23 Am BrSb (§1.60) 40 40 39% 40 Am B Shoe pf(7) 122% 122% 1224 1224 Am Brown Bov. 13l 14% 13l 14% Am Brown Bopt 60% 60% 58 58 AmCan(2).e... 0% 71 T0m 704 Am Car&Fdy (6 104% 105% 10d% 104% Am Chain pr (7) 101 101% 101 101% AmChicle (3).. 70% 70% 69% 69% Am Drug (80c). 14% 14% 14% 1d% Am Encau (2.40) 56% 56% 56% 563 Am Express (6) 168 it8 168 168 Am & For Pow.. 27% 28 2Th 82 Am&Fo Po pf (7 105% 105% 105% 105% Am Hide& L pf. 584 58% b8 b58% Am Ho P (240). 66% 67 65% 67 American Ice(2) 31 31% 30% 30% Am Internatl(2) 60% 60% 59w 5Y% Am LaFr&Foam 6% 5% b4 6% Am Linseed.... 69% 69% 66 69% Am Linseed pf.. 874 87% 85 85 Am Locomot (8) 110 110% 109 109 AmMch&Fy(13) 180 180 1i9% L79% AmMa&Fy pf(7) 239 289 230 230 Am Metals (3).. 41% 42 4l% 4ln AmMetals pf(7) 110% 110% 110% 110% Am Plano(3)... 24 24 24 24 Am Planopf (7) 90 92 89% 92 AmPo& Lt (f1) 64% 64% 64 64y Am Radiator (5) 134 134 132% 132% Am Republic.... 70 76% 69% 75% Am Seating (14) 40% 42% 404 42 Am Shipbldg (8) 116% 115% 115} 115 Am Smelting (8) 176% 177% 175% 175% AmS&Rpf(7). 130 130 130 130 AmStIFdys (3) 54% 56 54l bdls 68% 69 6814 69 6313 63% 63% 63% 3l% 31 81% 31% Am Tel & Tel (9 179% 179% 179 1791 Abr&Stras 7%pt 111 Adv Rumley . 1 at 326, the issue being so closely held that only two shares have changed hands this year. Larger Cotton Acreage Forecast. That Southern planters are reserv- ing a larger acreage for next year’s cotton crop than they did for the 1927 crop is indicated by a slight decline in shipments of fertilizer in Southern territory during August, September and October, according to a report Percy H. Russell Co. 926 15th St. N.W. Prompt Action First Mortgage Loans Lowes Ratees o nterest an0 Jommissivr Thomas J. Fisher & Company, lnc. M;rlgage Money Loaned at Low Interest Rates Economie Conditions Tyler & Rutherford Loan Corres; t Mutual Benefit e tna. Co. 1520 K Street Main 475 oney Available fo FIRST DEED OF TRUST LOANS 6% Reasonable Commission Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. ———————— Character Loans The Services of “Your Bank’ Are Available to All Federal Employes. Gives _And When Loan is Paid A 1th! e ¥ou Ao Kave Dpariiot NOW oot ) 3 $16.00 When you repay the loan you will find a substantial sum to your credit at “Your Bank.” Departmental Bank “Your Bank” Under U S _Government Supervision 1714 PA. AVE. N.W. Pays 4% on Savings Accounts Exceptional Investment Opportunity Shows Better Than 209% Net: on money invested Corner Building Northwest 3 Stores—9 Apartments 100%, Rented—$7,290 Yr. Ouwner Needs Cash Will Sacrifice ! See Mr. Groome ! ges & Middleton, Inc.| Realtor 1412 Eye St. N.W. . e s APPLICATIONS iINVITED for First Mortgage Loans On Improved Real Estate —for three or five year terms ar prevailing interest rates. Lincoln Nationa! Bank compiled in Washington by the Na- tional Fertilizer Association. The decline in Fall shipments in Southern territory is interpreted by the association to indicate that a smaller acreage of Fallsown grains has been planted, and that a larger acreage has been reserved for cotton. Chain Store Sales Increasing. According to a survey made public today by the Chain Store Research Bureau, the 66,750 grocery chains in this country at present will show an annual volume of $2,356,250,000 at the close of the current year. Of this amount $683,312,000, or approximately 29 per cent of the aggregate total, will be realized on six leading staples. These are butter, coffee, sugar, eggs, bread dnd flour. The realization of this annual total will mark an increase over last year's figures of $326,250,000, of which $75, 000,000 is due to the addition of meat departments in the large grocery chains. At the rate that these stores are adding meat departinents the in- crease is likely to be still larger dur- ing 1928. School Bank Handlés $300,000. To take care of the mnoey of the girl students at National Park Semi- nary, Forest Glen, and to teach banking methods in a most practical way, the seminary maintains a school bank. This bank is described in de- tail by Frederick P. H. Siddons, sec- retary of the American Security & Trust Co., in the last issue of the Burroughs Clearing House. As much as $300,000 has passed through this school bank in one year. The checks are not negotiable outside the school, but the institution is carried on as a regular bank. The girls make out de- posit slips, deposit and draw their funds from regular windows at cer- tain hours. Dr. James E. Ament, who originated the idea, reports that the girls get a very practical knowl- edge in the handling of their finances. Heard in Financial District. The Treasury Department reports only $13,377,446 now in the vaults, the smallest sum in 10 years. During the year the average balance has been be- tween $70,000,000 and $100,000,000,* the present decline being due to the large retirement of second Liberty loan bonds. ‘The report of the Washington Rapid Transit Co. recently filed with/the Pub- lic Utilities Commission shows a_total valuation of $868,900.53 on all classes of property, real estate and equipment. Of this amount $31,029.61 covers the company’s holdings and equipment used in Maryland. Thirty-one new de luxe busses occupy a prominent place in the report. These were recently purchased from the Yellow Coach Co. of Chicago at a cost of $260,505.04. State and municipal bond election results published in the Daily Bond Buyer during the month of November indicate that the taxpayeérs of 160 com- munities authorized the issuance of bonds aggregating $127,623,950. This large total for last month is due to the fact that many bond proposals are presented to the vofers at the general elections in November. The total for November, 1926, was $198,098,410. o OIL OUTPUT GAINS. NEW YOORK, December 5 (#).— rude oil production in California last week averaged 626,800 barrels dafly. an increase of 300 barrels daily over the week before. X3 A AT RUBBER DECLINES. NEW YORK, December 5 (Special). —Crude rubber, smoked ribbed sheets, declined % cent at today’s noon quota- tion of 40% cents. This compares with 3612 a month ago, and 37% a year ago. AN ACTIVE STOCK . ° LINES INDICATE MONTHLY WIGH AND LOW P.STK. 997,865 SN BONDS § 72,651,020 PER SHARE ANALYSIS. What Is Back of Each Share. Por share. |Toul gross assets . .. .$328.08 1 ductions X Leasea and owned company’ ),~A7 Beforved abilitics ‘an i ; Un;l:hl current bills . Net assets for common 10-year annual average Net earnings 1926 . Am Tobacco (8). 176y 176la 175% 176 AmTobaccoB(8) 177 178% 176 1764 Am Tobac pf (6) 117 117 117 117 Am Type Fo(8). 129% 130% 128 129% Am Type pf (7). 11115 111% 111% 1113 Am W W (m80c) 60 60% 60 AmWWks pf(6) 102 102 102 Am Woolen..... 22 22 20 Am Woolenpf.. 51 51 51 51 Am Writ Pa ctfs 19% 19% Am ZINC.....u0e § 6% Anaconda (3). 63 : 52% Archer-Dan (3), 59% 59% ArmourDel p£(7) 88l 884 Armouroflil(A) T T Armouroflll(B) 6% 6 Armour [l pf(7) 68% 69% Arnold Con&Co. 52 51 bl Artloom (3).... 45% 45% Asso Dry G (2% 49% 52 49% 62 Asso Of1 ($3.20). 394 39% 39% 39% Atchison (110). 198% 199% 196 196 Atchison pf (6). 105 105 105 105 AtliCoast L(110) 194% 194% 194 194 AUGuIT& WI.. 41% 41% 40 4O AtlGUIt&WIpf.. 40% 40% 40% 40% Atl Refining (4). 1124 1124 105% 107% AtlasPowder(4). 62 62 62 62 Atlas Tack 9 Auto Sales 104 AutoSales . 41 41 41 Autostrap A (3) 45% 46 d5% 46 Baldwin L (7).. 253 253 253 253 Balto &0 (6)... 121% 121% 120% 120% Bang & Ar (3%) 72% 731 T Bang & Arpf(7) 111% L1l 111% 111% Bk Comerce t18. 576 675 575 575 BankofMan(16). 576 578 576 576 Barnsdl A(b2%) 24% 24% 24% 24y Bayuk Cigars.. 104 106% 104 106% Bayuk Istpf (7) 108 108 108 108 BeaconOll ... 16 156 15 15 Beech Creek (2). 44% 444 44k 44w Beechnut(13.60) 70 71 69 69% Beechnt pf B (7) 116 116 116 116 Belding Bros (2) 181 19% 1¥% 19% Best&Co(3)... 67 67% 57 b Bethlehem Steel 54% 541 54 5l Beth Stl pf (7).. 116% 116% 116t% 116% 49% 52 49% bll 90 89% 90 64% 63% 63% 6% 5% 5% 6% 49% 49% 49% 49w 26% 264 25% 264 1% 2 1% 2 5% bW Bl 5% 190% 1943 190% 193 Bkiyn-Map (4). 57% 68% 57 57 Bkin-Manpf(6). 84 84 84 84 BKiyo Un Gas(5) 144 148% 144 148% Brown Shoe (2% d4d% 4d% 43% 43% Brunswick B (3) 33% 33% 43 33 Brunswick Ter.. 16% 15% 164 15% Buff Roch&P (4) 84% 84% 84% 84% Burns BrosA(8) 100% 100% 100% 100% Burns Bros (B). 17 17% 17% 17is BurnsBrospf(7) 99% 100 99% 100 Burroughs Ad 14 136 187% 136% 135% Bush Term (n2). 67% 67% 67% 67% Bush Terde (7). 109 109 Butte Cop (60¢). 44 4% 44 Butte&Super (2) 9% 10% 9% 104 Byer&Co......, 81% 82% 81w 82 Callf Packg (4). 69 69% 68% 69 22% 2% 22 22 1% 1% 1% 95% 95% Y3 93 18% 19 18% 18% 51% B51% Gl% Bl 213% 216% 212% 2134 2104 212 210% 211% 265 62 265 Case Thr pf (7) 126 127 Cent Alloy (2). 28 28 Cent Leath. . 2 24 Century Rib M.. 13 87% 67 4) 524 Certo Corpn(t4) 170 70 70 170 Chase Nat B(18) 579% 579% 579% 679% Ches & Ohlo (10) 212y 212% 210% 210% C&OCorpn (3), 85% 854 84k 84w Chi & Alton. % Th Chi & Alton pf., 1% 11% Chi & East 1il... 43% 481 Chi & East LIl pf 4% Tdv Chi Great West. 144 18% Chi Gt West pt.. 30% Chi Mi1 & St P.. 1% Ch) Mil & StP pf 33 CM&StPecfs.. 16% C M&StP pf ofs- 33 Cht & Nwn (4).. 90% s 904 | Chi Pue Tool (6) 1321 132% 1321 1324 Chi Rock 1s (5). 109 109 108% 108% CRI1&Ppf (6). 102 102% 102t 102% Childs (32.40).. 52} 52% 02% b2 ChlleCo (23%).. 37% 38 37% 37% Christi B(1.20), 68 68 67% 67% Chrysler Cor (3) 57% 57% B6% 564 ChryslerpfA(8). 116 116 115% 116% City Stores (B). 5% b6% 05% b6k Cluett Peab (5). 79% 79% 79% 79% Coca-Cola (6)... 126 126 125} 125W Collins & Alk(4) 97% 994 97n 97% Collins&A of (7) 1084 109% 108% 109% Col Fuel & lron. 78 78% 76% 76% Col & Southn (3) 121% Cal Gas & EI (6) 91 Col G&E pf A (6) 108% Col Carbon (4).. 94 89% 644 Calu & Hecla (2) Can Dry (t3%) Can Pacific (10, Can Pag 1st pd CaseThreshg (6’ K 1% 43% 4% 13% 1: 91% 108% 108% 108% 94 91 91 20 19% 20 86 86 86 23% 28% 23% 24 24 24 58% 68 100 100 100 172% 166% 169 Com Powr (2%). 65% 64% 64% Com Power rts.. Y 1 K Coude Nast(2).. 4T 4% Conuwoleum-Nair 8% 27 Cuyamel Fruit. . 60% 50% Cong Cgrs(t4%) 83% 84% 821 Con Clgars (7).. 80% 80% 80 Consol Gas (5).. 118 118 117% 118 ConsolGas pfi6) 101% 1015 101% 101% ConRRCuba pf8 71% 72% 71k TL% Consol Textile. . 3% 3% 3w Cont Bakg A (4) 52 48% 49% Cont Baking B.. 6 6% Cont Bak pf (8). g?‘/g 821y ont Mont (80¢) % 11% 11 Corn ExBnk(20) 614 614 614 Corn Prod (13) 66% 67 66% j Corn Prod pf (7) 137% 137% 137% 1874 Coty Inc (16)... 117% 117% 117% IL7% Crex Carpet..... 20 221 20 22% 11 614 65% | | Net_earnings 1926 Vi id continuously since organi- sation imr8B0. i Varying amounts, except i 1871-78 period. At 170 stock yields 4.7%. Washington, D. C. (Consult_sour banker or hroker for { ther, Tnformation as to"values back of stock. Scrap book this for future reference, it Crown Wilimtte, 77 71 CrueibleSteel (6) 86% 864 Cuba Cane Sugar 6% 6W 30w 2 28 Cuba R R (4.80). Cuban Am 8 (1). Cudaby Pkg (1), 89 % % 20% b4 3 od Curtiss Aero. ... Cushman’s (§4). Davison Chem. . Deere&Co vt (7) Del & Hud (9).. Del L& W (17), Detrott £d (8).. Devoe & R(2.40) Devoe&R 1st(7) Diamd Mteh(8) Dodge Bros Cl A Dodge pf «7).... Dome Mines (1), DulSS & Atl pt. Dunhill iat 4).. Du Pont (+141) Durham Hose. .. Isastman (18). Eastman pf (7) aton Axle (2).. Kisenlonr & Bro. K1 AutoLt (16%) tlectrio Boat. .. Slec Power & Lt istec P&Lt pf (7) Klec Refrigeratn 1 Stge Bat (16) t5nd John (6)... Endicott pf(7).. ngineers Pub § Lingnrs PS pf(7) Bquit Bidg (7).. drie R R. trte 18t pt. krie Stm S (2% ) KrieStmS cfs 2% Kureka(fr43%).. Fairbanks (3).. Ked Ligt(hl.40). Fea L&1 bl 16). Fed Min&S(10) Ked Min pf (7).. ked MotT(f80c) ¥1d Phoenix(4) . First NatS(1%) sk Rubber. Kleischmann (8) Fox Kllm A (4). Freept-Tex t4% Gabriel Sn (3%) Gardner Motor.. Gen Am Tnk4). Gen Asphalt. ... neral Cable A Gen Cigars (4). . Gen Kleo (16).. denksleo sp(6Uc) Gen GasA(o1%) Gen Mot (17%) Gen Mot pf (7).. Gen Qutdr Ad(2) Gen Outdr A (4). Gen Ry Sig (5). Refrac (3). Gillette SaR(15) Uimbel Bros.... Gimbl Br pf (7). Gildden Co..... Glidden pr pf(7) Gold Dust (3)... doodrich Ru (4) Goodrich pf (7). vodyear Tire. . Goodyr 1st pf(7) Gothm S H (2%) Gotham new 2% Gould Coupler A Granby Con Min Grt North pf (6) Gt Nor pf efs(5) GrtNor O (1%). Grt Wes S(2.80) Gt West 8 pf (7) Green Canan.... 1 Guantanamo. Gulf Mo & Nor. . Gulf States Stee) Gulf Sta 1st(7). HacknskW(1%) Hrin B D10 % stk Hershey Corp... Hershey pf..... Hershy pr pf(6) HockingVal(1v) Hoe & CoA..... Household (14). Houston Vl. . Howe Sound (4). Hud Man (2%). Hudson Mot (5) Hupp Mot(1.40). 1llinots Cen (7). indep Ofl (1)... Indian Mot (1%) indian Mot pf(7) Indtan Refining. Ind Ref pt(7)... Ingersoll RA(15) inland St (2%). Lnspiration Copr laterboroRap¥'r Antcont! Rub(1). lnternat Agri... Int Agricu) prior Int Bus Ma (5).. int Cement (4),. int Com Kng (2) Int Comb pt (7). Int Harv J6).,. 2 IntMtich pfe3.20) Int Mer Marfne. Lot Mer Mar ptf., lat Nickel (2)... Latl Paper (2.40) int Paper pf (7) Int Ry Cent Am, 1ot Stiver 1ot Tel & T ) Intertype(t13) lowa Central. Jewel Tea. . Jones Bros Tea. Jones & Lau (7) KCP & L 18t (7) Kan City South. Kayser J (4).... Kelly-Spring. ... Kelly Tire 6% pt Kelly Tire 8% pt Kels-Hayes (2). Kennecott C (5). Kinney pt (8)... Ki *h (1 1%) Kresge Dept S. . Kress SH(h1%). Lago 011 (76e). . Lambert Co (16) Lee Tire & Rub. LehighVal(3%) Lenn & Fink (3) Life Sav (1.60).. Lig&MyrsB (£4) Lima Loco (4).. Liq Carb (3.60). Loew's Lno (2).. Long Bell A (4). Loose- Wil(1.60) Loose-W 1st (7) Lorillard Co .. Louisiana Oll... La Ol pf (6%). LouisGasA(1./6) Louls & Nash(7) Ludium Steel(2) MacAndrws 2.60 McCrory (1.60). McCrory B (1 Mack Truck (8) d Sp Magma Cop (3). Malltson & Co... Malllson of (7).. Manat! Sugar... Mandel (2%)... Man EI Sup (6). 58% | Man £l m g (d5) | Man Shirt (2)... Market Street. Marland Ol Mar Rock(t3%) Martin-Pary (2) Mathieson (4) May Dept 8 (4), Maytag (13).... 1y | MetroG pf (1.89) Mexican Seab. .. Miami Cop (1).. Mid-Continent. . Middle States. .. Mid States Oil ct Midland pf «112) Minn & St Louls Min St P & SSM M St P&SSM pf. Mo Kan & Tex. MoK & T pf (6) Missour! Pacific Missour! Pac pt. Montana Pow (5 Montgmry W(4). Moon Motor.... Mors&Esk(3%). Mother L (60c).. Motion Pio Corp. Motor Met (3.60) Motor Whi (2).. Mullins Body. Mullins B pf (8) 53% 137 BEW 1144 199 139 4 40% 114% 137 1T% 68 319% % 167 125 100% 15 27% 108 85 145 9o% 194 173 274 i6ly 69% 9% 99% 33% 813 60 81 132% 114 37% 130% 125% bbY 58 8% 110 60% 5% 4% 4% 8 39% 101% 999 25% 37 120% 112 10 63 50% 103 22% 199 38% 1% 100 400 3% 136% 25% 343y 100 8% 102 894 994 oTh 4% 10249 250% 91l 4% 42'% 1Y% B0 2ty 37 75 185% 1484 27 3% 77 290 120% 116% 647 6318 30% 86 90t 23 82% 8¢ 55 101% 83% 86 14% 104% 27 54% 121 40% 10% 874 26% 157 26 51 84 89 109% 111 115% 108% b4 [y 102% 66 1054% 52 137 37 114% 193% 138% 168 391 114% 136 17 6 57 315% 7 167 125 26% 108% 389 145 94% 9% 172 27 16% 68 T8% 60% 78 56 72 L31% 115 37% 127 126% 54% 57% 121% 67% 98 39% 97 19% 93% 691y ¥6ly 110 69 954 74 4% 8 39 100% 99ty 5% 3674 1204 100 9% 61% 50% 103 22% 19% 37% Tl 100% 393 30% 136% 4% 34 100 8% 102 894 99% 6% bz 102y 53% 37 60% 79 564 72 131'% 1% 3T 127% 125% b4% 5T 123% T0% 98 40% 97% 19% 70 59% 6% 74 4% 8 393 100% 993, 26% 367m 120% 109 9% 62 50% 103 22% 240% & 90 4% 40% 68% 7% 2y 37 72 184% 147 217 3 76% 28% 121% 115% 63 63 29 8454 9y 23 81% 834 b54% 99% 33 844% 14% 26% 53% 121 3u% 10 85% 26% 155% 25% 48% 834 89 109 110% 116% 69 107% 53% -1b 102% T 89 2% - 6% 28 26 62 105 28%, 121% 115% 63 63% 85 891 23 B2% 83% bd% 4% 17 99% 33 86 14% 103% 89% 28% 122% 6% 634 59w 26% 54% 121 31 10% 26% 156 25% 51 83% 89 110% 116% 69 240% 21% 50% 16 84% 30 41% 55 46% 32% 5% 33% 50 17 30 . Hizh Low. Close ! Munsingwr (3). Murray Corpn.. Nash Motor(15). Nat Acme (sta). Nat Bellas Hess. NatBHess pf(7). Nat Biscuit(t7). Nat Cash R (A)3 Nat City Bk (20) Natl Dairy (3).. Nat Dept Stores. Nat Distillers. .. Nat Distillers pf Nat Lead (5).., Nat PwéLt (sve Nat Radiator(3) Nat Rad pt (7).. Nat Supply (16). Nat Tea (4)...e0 Nevada Cil%).. NO Tex & M*(7) N L Al Br(3).. N ¥ Cent (§).... NY C&Stl (6) NYC&SLL pt(6). NY Dock..ueoes NY NH & Hart.. NY NH&H p(7) NY Oute W (1), NY Steam pt (6) NY Sum pt A () Niag Lock pt Noriolk South. . Norf & wn(110) AotAm bl % stk North Pag (6)... Nor Pac crsis) Norwalk Tir Nunnally (1.50 Vil Well 8 pt vwminibus. . - vpnnm Col (4).. wrpneum Cir (2) OUS Kievator (6) vus Elev pt (6). VUS Steeluenas Vus St prior(7) Jwens Bot (C15) Vwens B pf (7). Pacitic Uas (2).. Fac VIl Stubs. Pac Let & Lel (7) 1 Packard (3). bPaige Motor., . van-Am Pet (4). Pan-AmPels(4) ran-Am West B. tanhaudie Parmt-bam (J8) Paramt-¥ pt (8) vark & Liltord. . rark Utan (3uc). rathie Exchange. Pathe x A (4).. Palino (az.10) Peeriess Motor Penn © & Coke, Ponta K R (84) Peopies Gas (3). Peoria & Kast, .. Phila Co (k4)... ¥hilaCos % pr(8) Fhila & KRG does PRilip MOrTis, o0 Poilups Pet (3).. Phoenix Hoslery Llerce-Arrow. .. | 1erce arrow pr. FIErCO Ull.vvaaas terce Fetrolm villsbury (1.60). Fius Coul, Piuts Ter pf ( PorRicolona(7) Forto Kico To B, Postum (§) rressed Stl r'rod & Retiners Froducers&K pt. £ub Serv NJ (2) Pub Serv pt (6). Pub SE Po pf(7) FUb St PEB) Pullmn Corp(4). Punta Aleg Sug. Pure Oil (11%). Lurily BakA(3). Purity Bak B (2) PurityBak p£(7) tadlo Corpof A. Radio C pf (3% ) KRS 1UCets (4). Reading (16) Real 31k Hos. Keid Ice Crm Rossia 1ns Co Royal Da3.13%. St Jos Leud (13) St L& SanFr(8). St L Southwest. St L Swo pt (5).. Savage Arms. . Scoulte (3%) Scnulte pt (8). Seabd Air Lin Seab Alr L pt Seagrave (el.20) Jeurs-R (n2%).. | Seneca Coper... Shattuck I G () Shell Un (1.40).. Shuber The (6) i Sinclair pt (8). Skelly O1f (2) Sloss-Shet (6).. Swder Fackg Co. So Por Ric 8(£2) South Canf Ed.. South Dairles A. i Sou Dairtes B, South Pac (6)... Southern Ry (1) ! Spicer Mfg..... SldUG & B (3%). StdG & E pt (4). Std Mill (5)..... Std Millg pf (6). StdOMICale 128 ). StdOILNJ(11%) Std VINY (1.60) Sterling Prod(té Stewart- War (6) Strom Car (2)... Studebaker (8).. Studebak pf (7). Submarine Boat. SunoOll (11), Superior Ofl. Sweets of Amer. Symington Cl A.. Telautogra (60c) Tenn Copper (1) L'exas Corpn (3) Lex Guif Sul (4) Tex & Pacifio. .. Tex PC&U(60¢c). Tex Land Trstm The Fair (2.40). on(3.60) Tidewatr As Oll. TidW AsOLIpf(6) Tide W O1l pt (5) Timken (15).... Tobao Prod (7).. Tobac Prod A (7) Transcont Oll... Transue & W(1) Underwood (4). Underwd pt (7). Un Bag &Paper. Union Carb (6).. Unton O) (12%) Union Pao (10). Un Pacific pf(4) Unlon Tank (5). UtdCgrSt(C80c) Uta Cgr St pf(6) United Drug (9) Utd Dyew pf (7) Utd Frult 16%). ! USC1P&R (10) 65 106 U S Distributing US Dist pf n(7). U 8 Hoffmdn (4) U S Alcohol (6). U S Leather wi. S Leather A.. 'S Leat pr pf(7) S Realty (4). S Rubber..... S Rub 18t (8). S Smelt (3%). SSmpf (3%). 8 Steel (7)... cccccece 7 | Ut) PELL A (e2) Vanadium (14),. Van Raalte.. % Vick Chem (4).. Vietor Tlk Mch. Nat Park BK(24) 6! Nat Surety (10). 3 30% 57 ™% 60% 63% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. 4% 165% 128% {Bears Have Better of Morn- INLATER DEALINGS ing Trading—Call Money Lower. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 5—In a much mixed stock market today the sellers had the better of it in the morning, while the buying side gained the upper hand in the afternoon. Money, which had renewed at 41 dropped to 4 per cent just hefore 2 o'clock and that helped the recovery. The leaders in the afternoon were the mail order and agricultural stocks. 0Oil shares were weak. Atlantic Re- fining broke badly directly at the start, showing a los of between 5 and 6 points, with only an unimportant rally subsequently. This had an un- favorable effect on oils and fractional declines were recorded by a long list of them, with an even greater loss in Pan-American Petroleum “B.” Texas Corporation resisted the selling. News about the oil trade was confined to a falling off in Seminole output and an increase in California production. The market today, however, seemed to have in mind the unpleasant reading that the reports for the full year 1927 are sure to make. Specialty Weak Spots. There were other weak spots, most | of them in the specialty group. One of them was American Linse which was heavily sold. Then an r hole” developed in the market for United States Industrial Alcohol, which dropped 4 points, although coming back partially afterward. Stewart ‘Warner was down and the Continental Baking stocks, class “A" and class “B,” lost ground rapidly Or the other hand the motor stocks were well supported. General Motors for a time was higher, but it came down later in the day; it did not seem to be under pressure. There was no outstanding weakness in the stocks of the independents either, while White Motors was strong. In other words, there was nothing in the action of the automobile stocks to indicate any con- cern over the reports of the competi- tive situation. Rails Are Irregular. Coming to the railroads, irregular- ity was the rule here also. Pennsyl- vania was a shade higher and it was pointed out that this was one sea- soned dividend payer which had not been advanced in proportion to the others. In fact, Pennsylvania now gives the largest return of any stock in its class. Canadian Pacific was in demand, again moving up briskly, but not holding all its gain. Delaware & Hudson and Norfolk & Western were evidently resting. The new system of reporting sales on the tape was given another trial. As traders became more familiar with it complaints were not so numerous. The chief objection was that it re- quired constant attention in order to be sure just what price stocks were bringing when everything but the last figure and the fraction was left out. The tape kept up with the mar- ket easily. Transactions, however, were pot as large as in recent ses- sions. o TRADE BROUGHT IN. NEW YORK, December 5 (#).— Youngstown dispatches say the re- cent price advance in shapes, bars and plates has been instrumental in driv- ing in much new business, buyers be- ing axious to cover on this year's re- quirements at 1.75 cents a pound. The price advance by Wheeling Steel, to be followed by other makers, likewise is exerting a stimulating effect on the market. STEEL SCRAP ADVANCES. NEW YORK, December 5 (#).— Heavy melting steel scrap has been advanced 25 cents a ton in the Chicago district, quotations now ranging from $1L.75 to $12.25. COTTON GOODS ACTIVE. NEW YORK, December 5.—Cotton goods markets were moderately active at the start of the week at higher prices. Print cloth quotations were marked up 3% at 8 cents for 64x60s and up % at 9 cents for 68x72s. Raw silks were unchanged in an active L Victor ev pf (6). 111% 108% Vietor pr pt (7). Va-Caro Chem.. Va-Car Ch 6% ot Va-Car Ch pt (7) Vivadou (3).. Vulcan Detin..., Vulo Det pf (7).. Wabash. Wabash p! Waldorf (135) Ward Baking B. Ward Bak pf (7) warner Plc A... Warner-Quin( Warren Brs(15). Warrenlst pf(3) WarF&Pipe Cor. Web & Hell..... W Penn El A (7) W Penn Kl pf (7) West P Po (6).. West P Po pf(7) West DalryA(4) Western Dairy B Maryland. Md 2d pf. West Pacific.... Westn Pacific pt West Union (8). Westhse A B(2) Westinghse (4). Westhse 1st (4). White Eagle (2) White Mot (2).. White Sew Mach White SM pf(4). Willys-Uvertand Willys Od pf (7) Wilson & Co pt.. Woolworth (6).. Worthn Pump.. wright Aero (1) Yellow Truck. 30% 31 30% 30% Youngstn Sh(5). 92% 92% 92 92 Hourly Sales on N. Y. Market. 1lam.. 603.100 12 m.... 1,084,900 1p.m..1424700 3p.m... 1,819,200 Nividena ratesas £1ven 10 the ebuve table aro the -nnual cash vayments based on the latest Juart-rly or nalf vearly declarations. Uniess c1herwige nuted. axtra or special divi dends are not® tncl el ST o, e 400 enars Lbin’ i ‘Sommon _stiek '3 Blos 'I.‘x({_“l'.n able 6l% 61% 60 ui whety “samed: s vaval fPlus 10% w stock. share i stock b lus $1 a stock | % O BTt sidew: + Pliia “ane-halt f ~ommon Buck & Company BROKERS Established 1916 Stocks Bonds Grain Cotton Write or call for weekly mar ket letter. No Obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 7300 BULLSGAINEDGE | FINANCIAL.” Money to Loan CHURCH LOANS . stru oank_tor tions—Fhone Main A044. Prevailing interest and co MONEY for * "SECOND MORTGAGE LOANS Homes and Business Properties PHILIP MILSTONE' 1104 Vermont Ave. Decatur 1681 5% FRED T. NESBIT Vermont Ave. Maln 9392 7 Equitable Co-Operative Building Ass'n. President WALTER 8. PRATT, Jr., Secretary ' o Jgr‘nfl:es:l»l' s 48th YEAR COMPLETED o s, ...........$5,202,042.70 Surplus. ...............$1,511,11587 . Subscriptions for the 94th Issue of Stack Being Received il SAV Lay your plans now for financial independence by opening an account in the Equitable. Start now, today. In the Equitable Systematically No matter what you are saving for— a home, your chik dren’s education— vou'll find the Equitable's syste matic plan a helping hamd to accumulate money. TGS 915 F Street Harriman & Company TRINITY BUILDING, 111 Broadway, NEW YORK MEMBERS NEW YORK STOCK EXCHANGE TRANSACT : A4 GENERAL BROKERAGE AND STOCK EXCHANGE BUSINESS WASHINGTON OFFICE 729 15th Street N.W.. Telephone: Main 1603 The New York Life Insurance Company Offers to Make F irst Mortgage Loans and Nearby Suburbs in Montgomery County, Md, for 3, 5 or 10 year terms on your = o RANDALL H. HAGN) & COMPANY s incorporat. MORTGAGE LoAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 Office Building Business Property Free From Worry Their Savings Safely Invested IN OUR 6% FIRST MORTGAGE NOTES Awailable in Denominations of $250—$500—¢1,000 7K s BOSS %’:HELFS (‘9 Fotinded 1907 o The Weavers of India HEY are fine craftsmen—the weavers of India—and they produce rugs of great beauty. Their wage varies. In one factory in Delhi where they are comparatively well paid they receive eighteen cents a daye=about sixty dollars a year. A thousand-dollar First Mortgage Note purchased through Swartzell, Rheem & Hensey Company can earn sixty dollars a year for you—and earn it without toil on your part. These Notes are also available in denominations of $100, $200 and $500. To people of caution it 'is a significant fact that in fifty-cight years no in- vestor in the offerings of Swartzell, Rheem & Hensey Company has ever suffered loss. e e e 8 Years Without Loss To An Investor REAL ESTATE LOANS | N i l R