Evening Star Newspaper, December 12, 1927, Page 14

14 # {: BANK ASSETS “SHOW GAININ 1527 L-?'.i!an Associations Included wgsn Tabulation—Deposits == Also Are Increased. %N 'FINANCIAL. Abltib! Pow(5). Abrahm&Straus Ahumada Lead. Alr Reductn(17) Ajax Rubber. Albany Papr(; Allled Chem (6) Allied Cm pf (7) Amal Lea! Amerada (2) Am Agri Cb pf.. Am Beet Sug ... Am Beet Sug pf. Am Bosch — ~BY EDWARD C. STONE. ' Jppshington banks and the local . jiifding and loan associations had ag- i j:regate assets at the end of the cur-| Am Br Sh (11.80) ent vear of $369,013,000, compared | Am Brown Bov. { with $351,438,000 on June 30, 1926, ac- | Am Brown Bo pf fcording to the annual report of the controller of the currency, J. W. Me- ! Intosh, made public to | } “The combined capital of these 5 Lanking associations in the District | v 24,451,000, an_increase of $307,- | nd the 5,211,000 Am Chicle (3).. Am Drug (80¢). Am Express (§). Am & For Pow. . Am&Fo Po pf (7" Am Hide & L pf. Am Ho P (240). American Ice(2) Am Ice pf (6)... Am Internati(2) Am LaFr&Foam Am La Fr&Fo pf Am Linseed. Am Linseed pf.. Am Locomot (8) AmMch&Fy (13) AmMa&Fy pf(7) Am Metals (3).. AmMetals pf(7) Am Piano Am Po & Lt (1) Am Radlator (5) Am Republie. Am Saf Raz t4% Am Seating (14) was 000 over individual deposits of were greater by $16,546,000. Controller McIntosh reports that 13 reported a total cap- 000, individual deposits , and total aggregate 63,000, The seven loan and trust companies ~ at the end of the current year had capital of 00,000, individual de- posits of $79.822,000 and asgregate 1ssets of $106 Savings Bank Deposits, $36,118.000. The controller reports that the 23 <avings b in the District had 4,000, individual | 00 and agregate 27,000 at the end of the vear in review. There are 22 build- ng and loan associations which re- norted individual deposits (share pay-| Am Ship & Corn. nents mainly) of $47.887,000 and ag-| Am Smelting (8) ! regate assets of $53,829.000. Fdys (3) Discussing banks other than na- +ional in Washington, the report tur | 1o the earnings, expenses and divi- | dends of these institutions, splendid zrowth being revealed. On June 30, 1927, there were seven § trust companies and 23 savings banks | in the District of Columbia, with com- | bined capital of $13.924000 and sur- ! )lus of $9,956,000, compared with capi- 1al and surplus reported by the same {| number of associations on June 30, | 1926, of $13,867.000 and $9.670,000, re- | “pectively. ~ Dividends declared by | | Am Tel & Tel (9" Am Tobacco (8). AmTobaccoB(8) Am Tobao of (6) Am Type Fo(8). Am W W (m80c) AmWWks pf(6) Am Woolen..... Am Woolen pf.. Am Wr Pa pf efs hese banks in the current year were | 1,443,000, or $106,000 more than in e previous 12-month period. | The gross earnings totaled $8.841.- < 000, an increase of $43,000, and e I ArmourDel pf(7) Armouroflll(A) ArmourofI11{B) Armour T1l pf(7) Arnold Con&Co. | Art Metl (1%).. Asso Dry G (2% Asso O1l (£3.20). Atchison (110). Atchison of (5). AtlCoast L(110) Atl Refining (4) Atlan Ref pf (7). Austin-Nichols. Austrian Cr 4.52 Auto Sales...... AutoSales pf(3). Autostrap A (3) Baldwin L'(7).. Balto &0 (6)... Balto & Oh pf (4* Bambgr pf(6%). Bang & Ar'(3%) Bang & Ar of(7) Barnet Leather. Barnsdl A(b214) Bayuk Cigars. Beechnut(+3.60) Beechnt pf B (7) Belding Bros (2) Best &Co (3)... Bethlehem Steel Beth 8t of (7).. Bloomingdale. Blumenthal pf. . Bon AmiClLA (4) Botany C MillsA ~onses paid were $6,220,000, or $26! €90 more than last year. Net Profits Aggregate $2,209,000. Deducting from the gross earnings the amount of expenses paid, the ~ssociations showed net earnings in the period of $2,621,000, excluding £140,000 recovered on assets previously ~harged off. Losses and depreciation charged off in the year were $552,000, ~gainst a total of $548,000 the year previous. The aggregate of net earnings and recoveries in the year, $2.761,000, less the losses and depreciaticn charged «ff, resulted in a net addition to profits $2,209,000 and showed a decrease in his item of $216,000 since the returns for the fiscal year ended June 30, 1926, The principal earnings received by these associations in 1927 were from interest and discount loans $5,517,000, »nd interest, including dividends, on nvestments, $1,463,000. The major rxpense items were salaries and ‘ages, $2,162,000, and interest paid on time deposits, $1,357,000. Building Associations Prosper. The total resources of the 22 build- ing and loan assoclations operating n-the District of Col under the ~upervision of the of the icy, on June 30, 1927, were $53,- 000, and 256,000 the “Sources of thé same niithber of asso: tions on The loans showed an increase in ‘he year of $4,159,000, or from $46.- 781,000 to $50,940,000. Instaliment ¥iyments on shares also increased from $42,794,000 to $47.887,000. There were 15 of the associations 'Y‘enun‘ on the permament plan, six vn the serial plan and one on the ‘Arminating plan. One of the asso- % ‘ations requires intallment dues on 4 ‘ayments of $2.50, one payments of and the remaining 20 payments of . On June 30, 1927, these associ- tions had a total membership of 61, as compared with 60,087 members ‘he preceding year. Borrowing and non-borrowing members in the current rear were 16,539 and 44,704, respec- :.‘!ely. ‘Sanitary Grocery Reaches 105, {Sanitary Grocery preferred reached » inew peak on the Washington Stock I§change when it sold at 105. Mer: s:ehthaler sold at 107, Lanston at 107% _nd 107%, Potomac Electric Power 128 preferred at 1063 and 10612, and 9 shares of Capital Traction changed | :ands at 108%. t Bonds were firm. Gas 6s, series B, moved at 107; a $1,000 series A “rought 106, while two $1,000 Wash- ugton Gas Gs came out at 104%. here was a $5,000 transfer in Wash- viEn Railway and Electric general Bkiyn Un Gas(5) Brown Shoe (2% Brunswick B (3) Brunswick Ter. . Buff&Susa pf (43 Burns BrosA (8) Burroughs Ad +4 Bush Term (n2). Bush Term rts. . Bush Terde (7). Butte Cop (50c). Butterick Co.... Byer & Co ot (7) Calif Packe (4). Calif Petm (1).. i > Can Dry (43%). Can Paelific (10). CaseThreshg(6) Case Thrpf (7). Cent Alloy (2).. Cerro AePas (15) Certo Corpn(t4) Certain-Teed (4) Chand-Cleve.... Chandlerpf(2%) Cha Chat-Ph Bk(16). C & O Corpn (3). ;- t 104%. i pital Traction and Mergenthaler #pw are quoted ex dividend. + 1928 Outlook “Bears Watching.” At present there appears to be “no 'uvincing trend ane way or the ther, exc«p';fl that the picture seems ither significantly to divide itself 9to two parts—the industrial side #d the financial,” says the current #ue of the American Bankers' Asso- ation Journal in its monthly busi- 8 review, adding that “the financial de contains several elements that bear carefu] watching.” 7 It ligher money rates or 'other guses should cause stock prices to jumble and mark a few hundred mil- {’on dollars off the value of securities, {his would decrease purchasing power #f investors and speculators, whose number is believed larger than ever vefore. Such a possible decrease of nurchasing power affecting the entire vopulation would not only affect 1928 uying, but also payments on the t4rge volume of instailment contracts putstanding on automobile and other r?:mhnndlse, as well as real estate. To slaintain these installment payments, recourse would doubtless be made to 4ommercial bank credit, which is hard- ly in a position to stand such an in- ¢reased burden.” Heard in ncial District. ‘W. W. Spaid, presdient of the Dis- trict Bankers' Association, has been cplled to Cambridge, Ohio, by the (leath of his mother. She was 85 years ©ld and had been in failing health for ~everal weeks, Mr. Spaid having made [requent trips to see her. Death was iue to a general breakdown, due to lrer advanced age. Subscription books for the Treas- Hry’s $250,000,000 3% per cent one- rear certificates of indebtedness have leen closed. COTTON GOODS QUIET. NEW YORK, December 12 (Special). +—Cotton goods markets were ' quiet #nd unchanged at the start of the eek. Print cloths were quoted at for 64x60s and at 8% for 68x72s jtaw silks were unchanged in a dull {market. Chi M1l & StP pf CM&StPofs.. C M&StP pf cfs- CRI&Pof(6). Chilas (£2.40) .. Chile Co (23) .. Christ! B (1.20). Chrysler Cor (3) ChryslerpfA(8). City Stores (B). Cluett Peab (5). Caca-Cols (8) Collins & Afk(: Collins&A of (7) Col Fuel & Tron. Col Gas & Bl (5) Col GEB vf A '(6) Col Carbon (1), R i R Com Crof B (2). Com Inv (3.60).. Com In Trof 615 Com In Tr of(7) Com Solvents($) Com Powr (2%). Com Power rts Conde Nast(2).. Congoleum-Nair Cong Cgrs(t41) Con Cizars (7). 3 Consol Gas (5).. ConsnlfGas pf(6) ConRRCuba pf 6 Consol Text!] Cont Bakg A (4) Mont Baking B.. Cont Bak of (8). Cont Can (5).. Cont Can of (7) Cont Insur (8).. Cont Mont (80c) Davison Chem. . Neere&Co pf (7) Del.& Flud (9).. | Del L& W (+7). PLANS GAS LAND SALE. !l NEW YORK, Detember 12 Pittsburgh dispatches to Wall Street say that Gulf Refining Co. subsidiary of Gult Oil Corporation_is negotiating he sale of 15,000 to 20,000 acres of Jiroven and wild cat gas lands in Rich- | Bastman (18 sand Parish, La., to the Palmer Cor-' Baton Axle woration, = S Dom! Dunhil Int (4). Du Pont ($143%) —— Abr&Stras 7%t Open. 1381y 111% 118 3% 3% 7 187 High 1381, 118 13 ‘Aibny Pap pf (1) 122 ther... Am Agricul Chm 55% .. 70 4 7 6 104% 104's 103% 1034 | Am Chain pr (7) 101% 1014 1G1% 101% 674 14% 70'% 147% i70 29'% 90 59% 110%: 109% 110% 179 241% 235 184 41% 110% 110% 110% 24 631 136 6% 574 6319 30 180% 179% 180 1754% 175% 175 - 119% 119% 119‘5I 128% 127% 127% 9 [3 58 100% 100! 100% 22 50% 451 T 41% 53w 59% 86 0% 614 65% 1924 192% 105% 105'3_105% 192 1093 105% 108% 194 45% 251 19 81% 1104°110% 110% 70 T0% 111 51 25% 107! 107% 107% 14% 68% 68% 1164 116'% 116% 19% 5674 54% 17% 117% 117% 52 50 51 L 24% 25 3% 8% 45 1474 44% 45% 21% 31 16% 18% 54 5¢ 9RY IRy 139 139 61% 62 4 4 109% 110 4 4 45'% 46 81% 854 li{% 85% | Lago Ol (76e). 1 mm 4% T4N 22% 28% Calumet & Ar (8) 97% 99% 97% 99% Calu & Hecla (2) 18% 18% 18% 51% 54 211 214 125 126 65% 65% 69% 69% 53% Chase Nat B(18) 3 at Bkrts 40% 41% 40% 555 565 555 565 250 251 117% 118% 110% 110% 145 211 258% 258% 7571 258% 124 281 2815 28 28y | oew's Ino (2) THE EVENING STAR. WASHINGTON, D. C., MONDAY. DECEMBER 12, 17 Received by Private Wire Direct to The Star Office. Open. Hizh Low. Close. 145 16% 1% 15 27% 28% 274 2T% 1074 107y 107'% 107% 8k 8% T Low 138% 111% 116% 113 13 Close {5ats | Eectrlo Boat. .. Elec Power & Lt iSlec P&LL pf (71 Eleo Refrigeratn E£) Stge Bat (18) £nd John (6)... Engineers Pub 8 Equit Bldg (7).. EquitableTr(12) Brie R R. Erie 18t pt. Erte Stm 8 ErieStmS cfe 2% Erte Stm 8 pf(7) Eureka(£14%).. Fed Ligt(h1.40)., Fed L&T pt (6 Fed Min pf (1).. Ied MoLT(f80c) £1d Phoenix(4) . First N P 1st(8). Hirst NatS(14). 15K Rubber. Fleischmn(i313) Foundation Co. . Fox KIlm A (4). Freept-Tex 14% Gabriel Sn (3%) Gardner Motor. . Gen Am Tok($). Gen Asphalt.... General Cable A.. Gen Cigars (4).. Gen Eleo (16).. GenKleo sp(600) Gen GasA(0l%) Gen Gas pf B(7) Gen Mot (17%). Gen Mot pf (7)., Gen Qutdr A (4). Gen Qutdr Ad(3) Gen Ry Sig (6). { Gen Refrac (3).. Gillette SaR(15) Gimbel Bros. ... Gimbl Br pt (7)., Giltdden Co. . Glidden pr pf(7) . | Gold Dust @3)... Goodrich Ru (4) 61% 68 | Goodyear Tire.. 69 8941 Goodyr 1st p£(7x 824 63% | Gothm 8 H (2%) 30 30 1 Gotham new 2% Granby Con Min. Grt North pf () Gt Nor pfcfs(5) GrtNor O (1%). Grt Wes §(2.80) Gt West S pt (7) Green Canan.... Guantanamo, .., Gulf Mo & Nor Gult States Steel Guif Sta 1st(7). Hanna 1st pf.... Haftman A (2)., 2 Hrin 8 b1V % sk, 195 Hershey Corp... 3u% Hershey pt.. 72 Hershy prpf(6) 100 Hoe& Co A 29 Houston Ol Howe Sound (4). Hud Man (2%). Hudson Mot (5). Hupp Mot(Le0). Iinots Cen (1) Indep Oil (1) 1ndian Retini; Indian Refg ctfs. Inland St (2%4).. lasptration Copr. InterboroRapir intcont! Rub(1). internat Agrl... Int Agricul prior Int Bus Ma (5).. 1ot Cement (4).. 70 | ot Cement pf(7) 1ot Com kng (2) 53 1nt Comb pf (7). 103% 1034 102% 102% nt Harv (6)... 242 243 241% c42 Inter Har pf (7). 136% 1364 136% 136% intMtch pr3.20) 0% B9 BN ilot Mer Marine.. 4z 4% 4% 4% lotMer Marpf, 41 41% 41 41 19% | 1at Nickel (2)... 71 781 711 567 | 10t Paper (2.40) 75% 773 7% T4 PE(T) 1123 1120y 11235 112 Sliver...... 190 190 190 190 Int Tel & Tel (8) 149% 1521 149% 151% Intertype(t1%). 27 33 27 33 lowa Central, 315 35 3k 58 68 58 24% 24% | Jewel Tea...... 824 83 81l 8L 3% 3% | Jewel Tea pL(7), 120t 120% 1201 1202 oS Pon. - 284 8% 2B, 28 Lau (7). 122 1220 121% 121% i l:gu Jordan Motor... 16 15 15 16 21% 1% | KanCity South.. 6% 61% 60% 60% 171 | Kayserd (4).... 6212 644 624 64l 54 | Kelly-Spring.... 281 o281, 271 Kelly Tire 6% pf 80 80 79% Kelly Tire 8% pt Kennecott C (5). Kinney pt (8). Kraft Ch (11% Kresge (1.20)... Kress (11%)..., 25 995 ¥9% 149 149 122 122 11% 117 29% 29% o i % Tk 43 Y6l A4l% 96h Yik 94y 941y 94y Y4n 191 19% 19 | 180 186% 180 1 1043 104% 104% 1045 2 284 2 16% 69 424 39 9% T 100t 1021 100 421 b4 677 674 141 170 274 684y 42 94 1014 | pay 82 31 sz |ea 94 9k Y 63% 621s 63 9% 76 T8 55% ©05% 554 3% T4 734 T4 1343 136 1344 234% 1 11% 1% 11% 35% 36% 36k 364 105% 1054 106% 105% 129 1274 128y r 126 125 677 Panhand! ‘mt-Fa; 57% 594 5'n 184 240 1% Peere: 41% 2 24 62 i34% 1 94ty 60% 94 954 60% 6l% 60% 9l Y5l 95 6% 75 T4y 5% 4% 401y 43% 40w 99 % 424 v9 984 36 86k 121% 121% 118% 122% 118l 1194 9% 9% 9k 9k 56% 56% G6% 56 52% b4% 52% 53% 105 105 106 105 65% 71 u3% 23 2dl 19% 19% 19% 38 87 88 T2in 174% 174% 175 59 218 22 50% 504 45% 45% Th Th 404 41 524 53 581 58is 85% 86 0% 10% 6 6% 65% 65% 193% 134 134 133% 133% 26% 265 6 %6 26 8% 8% Robt Re! 19% 19% 19% 19% Bala Bdls B4 34 20% 21 20% 20% 13% 147 13% 14% 568 59% 58 99% 103 57 110 45 4% 81% 814 5L 51 24% 25% 1484 Y0 6844 14% 194 6% 5315 _ 54w | 4Bt 945 65% 8 82t 2 814 Bl 89% 93 8% uiw b5% 051 bbb 554 % 73 w18 Y6 96l 96 96 3 34% 33 34% 84% 4% 83% 84 Lan 15 4% 14% 111 | Lambert Co (16) % 2| Lhchvarsk. son oo . 96l 9T 96k b6t B Sow|Lenn&Fink (3) 39 o sses 39 18% | LifeSav (1.60).. 26 281 26 - 27 5Uy 53w | LB & Myrs(214) 1224 122 122 122% 212y, | LIB&MyrsB (£4) 123 123 12z 128 Lima Loco (4).. 55 56% b5 56% LigCarb (3.60). 644 64% 62% 64k 5::" 60% 59% 60 coeeeererce. O% b% i Long Bell (3.7 264 28° 20 o5° LooSe-Wil(1.60) 55 57% 5 61 67 | Lorillard Co 39k 4l 393 1614 | Loutstana 01, 0% 10% 1% 533 | LaOUDL(Bl). 88 83 88 &8 41 |Louls&Nash(7) 161% 151% 151% 151% Ludlum Steel(2) 27% 274y 268 27y 124 65% 65% 69% 69% 52% 53% NY Steam pf (§) Norfolk South. . Norf & Wn(t10) NorAm b10%stk North Am pf (3) NorAm Ed pf(7) North Pao (5)... Nor Pac cfs(6).., Norwalk Tire.... Omnibus........ Omnibus pf (8). Opnhm Col (4).. Orpheum Cir (2) Orpheum pf (8). Otis Klevator (6) Otis Steel....... Otts St prior(7) { Outlet Co (4).... Owens Bot (ct4) {Uwens Bpt (7). Pactfic Gas (2).. i« | Pac Ol Stubs.. . Pac Tel & Tel (1) Pac Tel & Tel pf Packard (3). Paige Motor. -Am Pet (4). -AmPetB(4) Pan-Am West B. Paramount rti Paramt-§ pt Park & Tilford.. Park Utah (80c). Pathe Exchange. Pathe Kx A (4) Patino (a2.10).. Motor.. Penick & Ford. . Penick&F pf (1) Pennbix Cmt(2) Penna R 1R (3%) Peoples Gas (8). PhilaCo8%pt(3) Philip Morris. Phillips Pet (3 Phoenix Hostery Phoenix pf (7). Plerce Arrow pf. Pleroe Olhuu. .« Pierce Petrolm. . Plllsbury (1.60). Porto Rico-To B. Postum (6)..... Pr Stl Car pt (7) Prod & Refiners. Pub Serv NJ (2) Pub Serv pf (6). Pub S NJ p2(1). Pulimn Corp(4). Pure O1l1 (11%). Purity BakA(3). Purity Bak B (2) PurityBak pf(7) RadloCorpot A, Reading (16) Reading 1st (2) Heal Silk Hos. Real 8ilk pf (7). Retd 1ce Crm(3). RetdlceCr pt(7). Remingtn-Rand. Rey Tob B(16%) & Co. Rossia Lns (8).. Rossia Ins Corta Royal Da3.13%. St Jos Lead (13) St L& SanFr(8). St L&Sank pf(6) Coper. Shattuck ¥ G (2) Shell Un (1.40).. O . Sinclatr pt (8), Skelly Ol (2)ves Sloss-Shet (6).. 8o Por Ric S(£2) Soutb Calit 4., South Dairies A.. Sou Dadries B.... South Pao (8). Southern Ry (8). South Ry pt (5). Splcer M1g..... SUGEBD (3%). Stand G&Elec rts St G & B pt (4). Std Mill (6)... Std Millg pf (6). StdOlCal(12%). StdOILNJI(113%) 8td OIINY(1.60). Std Pl Glass pf. Sterling Prod(t Stewart- War (6) Strom Car (2). Studebaker (5) Studebak pf (7). Submarine Boat., SunOil (11). Sun Oil pt (6). Sweets of Amer. Symington Cl A Telautogra (60c) Tenn Copper (1) Pexas Corpn (3) Pex Gulf Sul (¢) Tex PC&O(60c). Ches & Ohlo (10) 205 8114 208 208% 205 817 814 R1% MacAndrws 2.60 53% 55'% G53% 821 83 ¥25 55% 83 Tex Land Trst o Thatchrp?(3.60. Third Aven: Thompaon (3. Con Cigars pf (7° 101 Cul . 19% Cudabv Pkg (4). 5du Curtiss Aero.... Cushman's (§4). 132 DuPont deb (8). 116 Duquesne pf (7) 116 118% Chi & Bast I1l pf 73% 17 384 17% 33 88 107 102 5215 AT 0 58 115 898 109 102 70% A9 57% 7% 78 126 126% 97% 101% 108 108 9% R0% 92% 927 108 108 97% 97% 2315 88% 24 57 95 98Y, 1013 101% 167 171 6314 65% % % 47% 4T% 29% 29'% 874 8714 B4y Rey 101 117% 118% 102 102 n 7 319, 3% b52% 53 5% 6 9 96 80% 83% 124 124 257 261 1% 114% 114% 9 2 27 284 19% 561 HRA 135% 40'% 114% 189 136 168 20 29% 1 189 % 12% 14 . 68 58 313 318 116 . 167 167 25% (2).. 26% ElAutoLt (16%) 101 101% 984 99% e A e o 20t e e T2 P 5 107 102 1.60).. 1.60) 88% k9% 88w w9 Mack T 1at (1. 111 110 i Soat . 5 111 Mackay (1).-.1L 11s” Lig » 17% 17% | Mad Sp Gar (1). 33~ 33 | Magma Cop (3).. 87% 89% | Mallison & Co. 24% 23 24 i 2o i I aoe' 194 2 19% 204 109 | Mallison pt (7)., : s 91w i 102 | Mandel (2%4).... al% 42 52% 527 | Man £1Sup (6).. 54 bt 874 A7% | Man £l m g (45) 440 44 69% 9% | Man Shirt (2. Bl B5% Bew 58% 9% | Maracaibo O1l 154 15 15 1 B4% 334 57% 497 %, T§% Ti% | Martin-Pary 6% 16% ‘1?5;. 124y 124y | Mathieson (4)... 126% 127 126 g0 Mu‘l-):ng(n.. B6% 86% Maytag (18).... 3% 31% 79% ::Tumsub. 5 ;“ 35‘;% e amiCop (1)es 19 19 13% AMi1a-Con . e 4. b5 445 5 92 108 S . 2w 2 2 MidStatesOflet 1% 1% 1% 14 Midland pt (113) 225 226 . 225 225 Miller Rub (2).. 221 2215 22% 22% Minn & St Lou 3 3w 34 Min St P& 8SM. 331 49% 49% M St P&SSM pf. 85% 86 841y 84k MStP&SSM 1i(4) 69% 69% 69 69 MoKan& Tex.. 42 42% 41% dl% MOK&Tpf(6). 108 108 108 108 Missouri Pacific. 51% b62% bl% 52 Missour! Pac pt. 112 118% 112 113% MontgmryW(4). 114 115 113% 114% | Moon Motor..... 6% T 6% Tw | Mother L (§0c).. 3% 3u 3% 3% 17 Motlon Ple Corp. 8's 813 81y 102 10z |Motor Met (8.60) 24 24 2315 28 7t . 26 26% 26l 26% 3% 3| MullineBody... 7i% 718 714 72% 52 524 | MulllnsBpf (8) 107 107 107 107 5% 6 | Munsingwr (3). % bl 50% 50% %5 % Murray Corpa.. 23% 224 224 ' 551 | Nash Motor(t6). 98w 99 124 124 | NatAcme (sta). 6% 6 Nat Bollas Heas. 43% NatBHesspf(7). 94 94 94 94 Nat Biscult(17). 179% 180% 176 177 NatCash R(A)8 46% 47 46% 47 NatCity Bk (20) 729 1729 726 126 Natl Datry (3).. 624 62% 624 62% Nat Dept Stores. 22% 22% 22% 22% Nat Distillers... 524 b2% Bl% bi% Nat Enamel &S, 28 28 28 28 Nat Lead (5)... 125 1274 125 ' 12T% Nat Lead pfA(7) 139 139 139 139 NatLed pf B (6) 114 114" 114 " 114 Nat Pw&Lt (80c 217 234 213 23 Nat Radlator(3) 38 B84 881 k Nat Rad pf (1).. 975 YT 9T 136136 | Nat Ry Mex 24. 2 2 165 163 | Nat Supply (16). 9G% 9ty 94% 323 815 . 321 19 19% = 70 704 Nat Suraty (10). 321 12% 13% 58 68 813 817T% 116% 116% 116 116% 167 167 25% 26% 24 95 8 100% 101 167 168% 631 . 65% 475 28% 29 86% 861, Ril Rdu 101 1144 1143% 29 29 27 2Tk 19% 19% 54 54 567 577 | 132 135% 201 30% 114% 114% 18615 187% West P Wi 434 43% 43 434 162% 162% 161% 161% v e e2% 62k 624 NH&Hait... 564 57 056% 56l DPL(7) 113% 113% 113% 118% WM. 3% amduu 834% w e ub 18t West Pacifio.... Westn Pacificpf 61% ‘West Unlon (8). 170 Tidewatr As Oil. TIGWASOLIDL(8) Tidewatr Oil 80c Tide W O1l pt (5) Timken (15)se.0 Transue & W(1) Twin City R (4). Underwood (4).. Underwd pt (7). Un Bag &Paper. Union Carb (6).. Unton O1l (12%) Unlon Pao (10). UtdCgrSt(C8uc) Utd Cgr St pf(6) United Drug (9) Utd Drg 18t (3% Utd Frult(163). 8% 2T 2% | UBOI BRI U 8 Distributing U 8 Hoffman . Un Leaf Tob (3) Univ Plpe(t2i) Uni Pic 1st pf(8) Utl P&Lt A (62) Vanadium (14) Vick Chem (4). Victor Tlk Mch. Victor ov pt (6). Victor pr pf (7). Va-Caro Chenr. . Va-Car Ch 6% pf Va-Car Ch pf (7) Va Ir C&C pf(5). Vulcan Detin.... Vule Det pf (7). ldort (1%4). Walworth (1.20) Ward Baking B. Ward Bak pf (7) Warner PIGA. .. Warner-Quin(2) Warren Bra(15). Warrenlst pf(3) WarF&Pipe Cor. Web & Hell, ‘eb&H¢ W 1 pf . W Penn Bl pt (7) Po p2(T) DalryA(4) Western Dairy B West Maryland. West Md N Open. 1004 NEW YORK STOCK EXCHANGE Low Close 100 49 191 A 58'3 53% % 104" 61% 170% 49 8% 53% 104% | Speci BUNGRESUNED ONSTO HARSET Motors and Steel In Rise. Strength Is Shown in Oils. Rock Island Rail Feature. BY GEORGE T. HUGHI Dispatch to The Star. NEW YORK, December 12. important changes in today market were on the side of | The industrials were uniformly strong. { most of the a little irregu- rails were steady Toward the clos The time. larity list, but there was no weakness. Numerous specialties had spectacu- advances. American Steel Foun- es, up over 6 points, headed the ist. Others were found in the airplane and tobacco groups. Steel, General Motors and General Electric worked higher, inspiring faith in the charac- ter of the buying. No further attention was paid to the status of the railroads as affected by Saturday's decision upholding the Interstate Commerce Commission. It was agreed that the final ruling of the Supreme Court was the only thing that mattered, and confidence was expressed that the precedent es- tablished in the utility cases which came before that body would be fol- lowed. There may be flaws in this reasoning, but it satisfied Wall Street for_the time being. Neither was money proceedings. When call funds newed at 4 per cent the subject of gold exports was dropped and the way cleared for pool operations and an impetus given to short covering. Motors Rise Rapidly. The motor stocks were taken hand early in the session, and quota- % | tions for such typical independents as Nash, Studebaker, Willys.Overland, Hupp, Hudson, Chrysler and Dodge bid up rapidly. Nash at 99 was at a new high since the splitup. Hudson more than made up the dividend which came off the price today. It was declared that a season of great prosperity for the automobile trade was in prospeet. Meanwhile stocks were dicounting the retail buying ex- pected to come from the January shows. Steel and General Motors were both higher at the start. Steel at 144 was up two points. General Motors had a more moderate advance, and du Pont went along with the two, as it always does. The feature in the equipment steel group was American Stee! Foun- dries, which at 63 was up two points, and at the highest of record for the present no par shares. In the copper group Calumet & Arizona pushed through its old top, while Greene Ca- nanea went through its customary wide range. The leader of the rails was Rock Island. At 108 it was selling at the high of last week, and said to be fore- casting an increase in the dividend rate at the February meeting. Rock Isiand is expected to show over $12 a share for the common stock at the end of the year, a margin above re- Qquirements sufficiently large to justify a raising of the disbursement to share- holders. . Canadian Pacific Recovers. Canadian Pacific recovered its loss | of Saturday, Southern Pacific was in demand again and New Haven was the favorite of the lower priced stocks. The rails, however, were not as prom- inent as the industrials. An incident that aroused comment was the flurry in the eils. Production statistics were still decidedly unfav- orable, but indications of concerted action’ among the oil companies in working out a remedy served as the basis for the buying movement which lifted quotations all along the line. Atlantic Refining, in which there is a large short interest, came back over three points, General As- phalt advanced about as much and higher prices were recorded for Mar- land, Pan American “B,” Phillips, Barnsdall, Texas Corporation, Pro- | ducers and refiners and others. WOOL MARKET QUIETER. BOSTON, December 12 (Special).— The Boston wool market started the week with a' quieter tone, but prices were firmly maintained. Cables today reported the market firm at London and Bradford, with fine cross breds slightly higher than at Boston. Brad- ford tops were unchanged and yarn prices were slightly higher. Fine territory was quoted here today at 1.12a1.15 clean basis, French combing at 1.05a1.09, half blood at 1.02al.05, three-eighths blood at 95a97 and quarter blood” at 85a87. Fine Ohio fleeces were quoted at 47a48 grease basis, half blood and three-eighths blood at 47a473% and quarter blood at 4714a48. . appeared in this part of the| factor in the | ve- | GERMAN BONDS AND STOCKS. By Special Leased Wire to The Star. NEW YORK, December 12.— 2 Bid. 56.00 SR Asked. Ger Gt Red Loan with draw 100 R M. - 60.00 888" Loan without 9 |tight, market steady; Florida, pepper 0 | crates, fancy white, wrapped, 3.00a3.50. amb 3 . Hamburg Amer Line 4% North German Lioyd 4%s. TRADING IS SLOW - AT MARKET TODAY Increased Receipts of Fresh | Eggs Reported—Prices ; Are Unchanged. i | Trading this morning was not brisk, Monday's business usually being slow, and real active trading is not ex- | pected until the beginning of the Christmas holiday market. It is expected that turkeys for the | holiday market will begin arriving the | middie or latter part of the week. Dealers still are unable to forecast | prices, but it generally believed | FINANCIAL. The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the District ot Colunbis and Nearby Suburbs in Montgomery County, Md, for 3, S or 10 year terms on your 51,0p =, Apply RAnNDALL H. HAGNER & COMPANY ncorporated MORTGAGE LoOAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 Apartment Home prices will be about the same as dur- ing the recent Thanksgiving holldny‘ season. Dealers report increased receipts of fresh cggs. but prices have not changed since a week ago. Many stor- age eggs are being offered at 35 cents, but according to retailers the demand for them is not great. . Prices of most commodities this | morning were substantially the same | as those quoted at the ciose of last | week’s market. | Wholesale Prices Today. ! Meats, fresh killed—Beet, 20a23; veal, 4a26; lambs, 26a28; fresh hams, 18a 21a22; fresh shoulders, 16a | smoked shoul- n, 22a24; i loins, 14a16: strip 1; calves, Fresh, 1-pound prints, store packed, 30a31. | tub, 51 selected, 47a48; Eggs—Fresh hen- 5; old, 35. Spring chickens, 28a30; roosters capons, fancy, heavy, 45ad 38a40; ducks, keats, 80a90. Fruit and Vegetable Review. Over a Third of a Century's Experience I lflfi‘»_l“il‘mt i Year After Year —we are continued, by satisfied owners, as managers of the prop- erties on which they depend for sustaining There is sug- in this of the we will render income. gestion service you. B. F. SAUL Main 2100 925 CO. 15th St. N.W. Today’s market report on fruits and vegetables compiled by the Market News Service Bureau of Agricultural Economics says: Apples—Supplies moderate; demand moderate, market steady; barrels, Vir- | ginia United States No. 1, Staymans, | 212 inches up, fine quality and condi- tion, 8.00; unclassified Staymans, 212 inches up, good quality and condition, 6.00a7.00, poorer low as 0: Pennsyl- vania, United States No. 1, Yorks, inches up, 6.50; United States No. 1, Black Twigs, 2% inches up, 6.50a7.00; boxes, Washington, medium to large size, extra fancy Delicious, 3.85a4.25, around 4.00; Spitzenbergs, 3.75a4.00; Romes and Staymans, 3.00a 3.25; Jonathans, some ripe, 2.50a3.00; bushel baskets, Virginia, unclassified Black Twigs, 21 inches up, Stay- mans, 2% inches up, 2.00, few, 2.25; United States No. 1, Paradise Sweet, 215 inches up, few sales, 2.00; 214 inches up, few sales, 1. Pennsyl- vania, United States No. 2 Yorks and Black Twigs, 2% inches, 1.75. Cabbage—Supplies liberal; demand light, market dull; New York, sacked per cwt., Danish type, 85a1.00; South Carolina, barrel crates, pointed type, 2.25a2.50. Celery—Supplies moderate; demand light, market steady; New York, 2-3 crates, 2.00a2.25; California, crates best, mostly, 5.00, poorer, 3.50a4.50. Lettuce—Supplies moderate; ,d mand moderate, market steady; Cali- i fornia, crates, Iceberg type, 4-5 dozen, 0; some poor condi- Arizona, crates, Iceberg type, 4-5 dozen, 4.25a4.50, few higher; Florida, 13;-bushel ham- pers, Big Boston type, 2.00a2.25. Onions—Supplies light; demand light, market steady; Michigan, 100~ pound socks, yellows, U. 8. No, 1, 1.75a1.90, few higher. Potatoes—Supplies liberal; demand light, market steady; Michigan, 150~ pound sacks, Russet Rurals, U. S. No. 1, 3.25a3.40; Maine, 150-pound sacks, Cobblers, 8.35; 150-pound sacks, Green Mountains, U. S. No. 1, 3.60a3.7 Pennsylvania, 150-pound sacks, Round Whites, U. S. No. 1, 3.25a3.35. Potato Market Firm. Sweet potatoes—Supplies moder- ate; demand moderate, market firm; Virginia, JBast Shore, cloth-top bar- rel, yellows, No. 1, 2.50a2.75; North Carolina, cloth-top barrel, . yellows, No. 1, mostly around 2.50; Kastern Shore, Md., bushel hampers, yellows, No. 1, 1.25a1.50. String beans—Supplies moderate; jemand moderate, market firm; Flor- ida, %-bushel hampers, green, best mostly 2.50, few 2.75; poorer, wide range prices, 1.25a2.00. Tomatoes—Supplies light; demand light, market dull; Ohio, 10-pound baskets, hothouse stock, medium size, 2.75a3.00; large size, 2.25a2.50; small size, 2.25a2.50; Florida, 6s, ripes and turning wrapped from cipening rooms, fancy count, 6.50; choice, 5.00a5.50. ) Cucumbers—Supplies light; demand light, market steady; Florida, 7-bush- el hampers, fancy, mostly around 4.00. Peppers — Supplies limited; demand light, market steady; Florida, pepper crates, fancy, 2.25a2.50; mostly around 2.50. Eggplant — Supplies light; demand light, market dull; Florida, pepper crates, fancy, 1.50a2.00; best, mostly 2.00. Squash — Supplies light; demand Beets—No supplies on market; no sales reported. Carrots—Supplies moderate; demand | 0 | moderate, market about steady; Cali- | (Ger 8¢ Fiee) (Ger Ge Elec Ger Ge Elec) pild ] & mmerz and Privat a 233 Sistcotn 35383 Nor Ger Lloyd. Austrian A E G AGAIN MAKES RECORD. NEW YORK, December 12 (#).— November was the twelfth successive month in which the Twentieth Cen- tury Limited, operated' by the New York Central, established a new high record of passengers carried. 474 474 91% 218 3% Westhse A B(2) Westinghse (4). i & White Mot (2).. White Rock(13). White Sew Mach Willys-Overland 3 | Week averaged 629,000 barrels daily, Wrigley (13%). Yale&Town(15). Yellow Truck... Yel Tr&Co pf (7) Youngstn Sh(5). Hourly Sales a.m. 8% 90 92% on N. Y. Market. 617.000 12 m.... 1,103,000 1p.m..1457.500 2p.m... 1,902,900 bt v " Goted, exira or soecial Givt ns ;l,‘l?m 100 shigres in stock. A o #lis 2 :'fn r|ter unchanged; receipts, 10,579 tubs. fornia, Western lettuce, crates, 2.85a 3.0 Spinach—Supplies moderat: light, market steady; Texas, bushel | baskets Savoy type, few sales 1.25; Vir- | ginia," Norfolk section, bushel baskets | Savoy type, 1.25; cloth-top veneer bar- | rels Savoy type, 2.75. Cauliflower—Supplies light: demand | light, market about steady; California, crates, 2.75. FEDERAL LAND BANK. BONDS. (Quoted by Alex. Brown . Closing.) Ral 7 R ke Fidla Ba M i31... 108 ‘1033 803 ; demand | OIL OUTPUT HEAVIER. NEW YORK, December 12 (#).— Crude oil production in California last an increase of 2,700 barrels daily over the week before. NEW YORK MARKETS. NEW YORK, December 12 (#).— Flour steady; Spring patents, 7.00a 7.40; soft Winter ltrfll%hsll. 62.;556.503 Yorlk. family, Middle Pork steady; 40.00242.00. West, 12.05a12.15. | pecial loose, 8%3a8%; extra, Wheat futures opened nominal. BUTTER UNCHANGED. CHICAGO, December 12 UP).—But- Creamery extras, 651%; standards, 47%; extra firsts, 47%;a49; firsts, 41%e 44; seconds, 37a39%. Eggs lower, re- ceipts, 5,639 cases; firsts, 43; ordinary firsts, $2a38. oy i S SR Harriman & Company TRINITY BUILDING, 111 Broadway, NEW YORK MEMBERS NEW YORK STOCK EXCHANGE TRANSACT ‘A GENERAL BROKERAGE AND STOCK EXCHANGE BUSINESS WASHINGTON OFFICE 729 15th Street N.W. Telephone: Main 1603 SELECT The Most Satisfactory Real Estate Loan Plan It Pays You are seeking a real estate loan for a particular reason. You should be particular about the loan you get. Be sure it is the Metropolitan Life Insur- ance Company Real Estate Loan. There is no equal. WEAV_E.BQRO REALTORS 80915th St N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company SHELVING IGHT, strong, fire re- sistant. Quickly ase sembled to fit any space without special tools. More unitseasilyadded,asneeded. rhe Walcott-Taylor Company, in. Suite 201 Mills Building Franklin 2204 Washington, D. C.