Evening Star Newspaper, December 14, 1927, Page 14

14 = FIN — ANCIALS THE EVENING STAR. WASHINGTON, D. €. WEDNESDAY. DECEMBER 14, 1927, FINANCIAL. FYICES GO HIHER INCOTION MARKET Lint Consumption Figures Give Staple Boost in Today’s Trading. By. the Associated Press. NEW YORK, December 14.—The cotton market opened firm today at an advance of 27 to 34 points, active months quickly showing net gains of 34 to 37 points on brisk buying stimu- lated by realatively firm cables and unexpectedly large figures on the con- sumption of lint cotton in this coun- try for November. The advance to 18.50 for January and 18.88 for May met a good denl of realizing and much Southern sell- ing, however, and prices eased off 20 or 25 points from the best before the end of the first hour. The report of the Census Bure showed domestic consumption of 62 680 bales for November, compar with 612,935 for October, and 58: for November last year. The volume of business tapered off somewhat later in the morning but there was further buying on the bull- ish view of the domestic consumption figures. Talk of a slightly better spot demand was sufficient to absorb of- ferings. After selling off to 18.27, or within 9 points of vester clos- ing quotations for Janua: deliveries, the market rallied a few points, with the active months showing net ad- vances of about 15 to 16 points at midday. 1. E. WIDENER GETS POST HELD BY JUDGE GARY Elected to Board of U. S. Realty & Improvement Co.—Increase in Fuller Co. Stock 0. K.’D. By the Associated Press. NEW YORK, December 14.—Joseph E. Widener of Philadelphia, today was elected a director of the United States Realty and Improvement Co., taking the place on the board of the late EI- bert H. Gary, head of the United States Steel Corporation. The United States Realty and Improvement Co. is a real estate and construction com- pany. The directors also authorized an in- cre in the capital stock of the George A. Fuller Co., a subsidiary, in order to establish a securities cor- poration and to acquire limestone quarries and a’ plunt in Alabama, de- tails of which will be announced through the National City Co. next week. Public offering will be made of the new securities of the Fuller Co., directors of which meet tomorrow to carry out the plans. — BUTTER UNCHANGED. CHICAGO, December 14 (#).—But- ter unchanged; receipts, 6,533 tubs. lower; receipts, 2,030 cases; 40;_ordinary_firsts, 32a3) REAL ESTATE LOANS 5% FRED T. NESBIT 1010 Vermont Ave. MONEY for SE! MORTGAGE LOANS Homes and Business Properties PHILIP MILSTONE 1104 Vermont Ave. Decatur 1681 The regular quarterly of Two Dollars q-mi Twenty-Five anfi (‘3;25) f“ 16. lmp-itz on Monday, % vaqkholdu);of :eo at the close of on December 20, 1927. H. BLAIR-SMITH, Treasurer. niu-—Au;}mfl%x—mzn Le Roy Goff K3 Rranenes 610 Woodward Buildine Main 340 Prompt Aciion First Mortgage Loans Lowes: Ratres, 01 “Dlerest AnG Commiss) J. Fisher & Company, 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.W. Real Estate Second Trust Loans ‘We bhave a special fund of money at hand which enabl s us to make second trust lons on D. C. Property on verv _on- venient terms. Special .tten- tion given small loans | W. H. WEST COMPANY 916 15th St. Main 9900 Reinvesting January Funds will make more acute the prob- lem of securing a satisfactory income with safety. There are a number of issues of First Mortgage Bonds on our current list that yield 6% to 6% % net income Denominations: §1000. $500. $100. Reservations will be aceepted now for delivery after January Ist, Ask for list of.current offer- ings * and make your selections without delay. ke EH.SMITH G “Jounded 1873 Smith -Washington (815-15th St., N. W.~Main 6460) & Braneh Offces in New York-Chicago-and Other Cities ) SHOEMAKER GETS - BANK PROMOTION Elected Cashier of Potomac Savings Institution—Lan- ston at Peak. BY EDWARD C. STONE. C. Wendel Shoemaker was today elected cashier of the Potomac Sav- ings Bank in Georgetown, succeeding B. Agee Bowles, who for the pa five years has combined this positi with that of vice president. The oth officers elected for thec oming year in- clude: Henry W. phonse M. Offutt, president; Al- Baer, vice president; B. Agee Bowles, vice president; limory . Bogley, secretary; George W. Of- futt, attorney. and Elmore T. Bu dette, assistant cashier. At the an- eting of the stockholders held 2 afternoon these divectors were chosen: Willlam P. Ames, William W. An- derson, Alphonse M. Baer, Emory H Bogley, B. Agee Bowles, William H. Clarke, Davenport B. Elgin, James C. Hoyle.” Malcolm W. Morgan, George W. Offutt, Henry W. Offutt, M. Will- son Offutt, Dr. Anthony M. Ray, C Wendel Shoemaker, J. William Stohl man, Henry A. Storm and J. Clinton | Tribby. Mr. Shoemaker, the new as been with the bank 19 3 e warking toward ion has held all the va: positions in the bank. He is a native of Tenleytown and has displayed par- ticular pride in the development of that section of the city and only re- cently, as chairman of the finance zommittee, played a vital part in -the erection of the ‘handsome new build- ng of the Eldbrooke Methodist Episco- pal Church. Graduating from Busi- ness High School in 1908, Mr. Shoe- maker soon found his way into the banking profession. Lanston Stock Higher Today. Lianston scored a new top on the Washington Stock Exchange today, opening at 108% and climbing to 109 on a turnover of 81 shares. Potomac Electric Power 6 per cent preferred was strong at 112 and the 5% per cent issue equally firm at 106%. Merchants’ Transfer & Storage preferred moved at 106, National Mort- gage & Investment preferred at bl and Washington Convention Hall pre- ferred at 98. One share of Capital Traction sold at 109. Four shares of Commercial National Bank stock sold at 265, Twenty-five shares of Washington Railway & Electric preferred sold at 100. Bonds were neglected, a $1,000 transaction in Washington Railway & !Eleclflc 4s at 90% being the only sale. cashier, Bank Has Prosperous Year. The directors of the Woodridge- Langdon Savings & Commercial Bank yesterday declared the regular semi- annual dividend of 3 per cent, pay- able on January 15, to stockholders of record December 31. The directors also voted to transfer $2,500 from the undivided-profits account to surplus, bringing the total of the bank’s surplus to $42,500. In addition to the passage of these resolutions the di- rectors voted a half month’s salary to all members of the staff. In submitting his report, A. S. Hen- derson, president of the institution, expressed gratification over the sub- stantial supportw hich the bank has received from the residents of Wood- ridge and contiguous territory since the organization of the bank five years ago, pointing to the fact that their co-operatiori has enabled the bank ‘to acquire resources of over $550,000. Barber & Ross Dividend Voted. At a meeting of the board of direc- tors of Barber & Ross yesterday after- {noon the regular quarterly dividend of 87% cents per share was declared on the common stock. This is the fourth dividend on common since the present corporation was organized a year ago and is payable on January 1 to stockholders of record on Decem- ber 20. Steady improvement in the hard- ware business all over the country, which is being reflected in Washing- ton, was reported at the meeting. The common stock on which the dividend was declared is listed on the local stock exchange, the last sale being made at 35. Federal Storage Disbursement. The directors of the Federal Storage Co. met yesterday afternoon and de- clared the regular quarterly dividend of 2 per cent on the company’s pre- ferred stock. Tt is payable on January 16 to stockholders of record at the close of business on December 31, ac- cording to announcement today by President E. K. Morris. Declares Dividend and Bonus, The directors of the Security Sav- ings & Commercial Bank at a meet- ing this forenoon declared the regular quarterly dividend of 4 per cent due at this time. The dividend is payable {on December 31 to stockholders of record December 24. The board also voted a Christmas bonus to all employes of the bank of 5 per cent based on the past year's salaries. This is one of the first Yule- tide gifts to be ordered by any Wasl ington bank and will cause great jay. Plow Funds Back Into Savings. Members of last year's Christmas savings clubs are displaying a sur- prising degree of thrift in connection with their plans for 1928, one local bank reporting chat 40 per cent of the money saved during 1927 has al- ready been placed in the bank for 1928, Part of this money has been placed in the 1928 Christmas Savings Club and the remainder in permanent savings. Last year it was estimated by the Christmas Savings Club committee of the District Bankers' Association that 28 per cent was re-invested. Indica- tions point to a still better record this year. Information harvested in the finaneial district shows that many members have put half of their 1927 savings back in for 1928. Of course, such a high percentage will not hold for the general run of club members, but it reveals ;1 decidedly thrifty trend. Out of the $6 000,000 saved in W ington it looks as if about $2,000,000 of it might go tack into the banks. The other $4,000,000 is finding its way into the stores and being used to meet a wide variety of otner tinancial obligations. Financial Notes. The annual meeting and educational sessions of the Stable Money Asso- ciation will be held at Hotel Washing- ton, December 27-30. The aims of the organization are to promote stabiliza- tion of the purchasing power of money. The First National Bank of West New York declared a Christmas bonus of 100 per cent in salary to all who had been with the institution a year or more. Stockholders of the Pennsylvania Railroad showed gain of 235 during November, bringing total on Decem- ber 1 to 142,512, compared with 142,- 277 on November 1 and 140,379 on De cember 1, 19! DIVIDES STEEL ORDERS. NEW YORK, December 14 (®). The Missouri Pacific has distributed orders involving $3,523,500, for rails, tie plates and other track equipment among Colorado Fuel & Iron, Illinois Steel, Inland Kteel, Tennessee Coal, Iron & Railroa® Co. and Bethlehem Steel. The Denver & Rio Grande soon will order 20,000 tons of ralls from Colorado Fuel & Iron, Abitib! Pow (5). Abrahmé&Straus Abr&Stras 1%t Adv Rumley. | Ahumada Lead. Atr Reductn(17) Ajax Rubber... Alaska Junea Albany Papri2). Allied Chem «6) | Allts Chaim «6). Amerada (2).... Am Agricul Chm Am Agri Cb pf. . Am Beet Sug ... Am Bk N pf (3) Am Bosch Am Br Sb (§1.60) Am Brown Bov. Am Brown Bo pf Am Can (2).. Am Car&Fdy (8 Am Chicle (3).. Am Drug (80c). Am Express (6) Am & For Pow. . Am&Fo Po pf (7 Am Ho P (240). American lce(2) Am Ice pf (6)... Am Internati(2) Am LaFr&Foam Am La Fr&Fo pf Am Linseed. ... Am Linseed pf. . Am Locomot (8) Am Loco pf(7). AmMch&Fy (13) AmMa&Fy pf(7) Am Metals (3. Am Piano. . Am Piano pf (1) Am Po & Lt (§1) Am Radlator (6) Am Republic.... Am Saf Raz T4% Am Seating (14) Am Ship & Com. Am Smelting (8) AmS &R pf(7). Am Spuft (12).. Am Snuft pt (6). Am Stl Fdys (3) Am Sugar (6)... Am Sugar f (7) Am Sumat . Am Tel & Tel (9 Am Tobacco (8). AmTobaccoB §) Am Type Fo(8). Am Type pf (7). Am W W (m8ue) Am Woolen bt Am Writ Pa ot Am Zine. Am Zing p! Anaconda (3)... Archer-Dan (3). Arch-Dan pt (7) ArmourDel pf(7) Armouroflil(A) Armourof111(B) Acmour L1 pf(7) Arnold Coné&Co. Asso Dry-G-(2%. Atchison (110). AtlCoast L(110) Atl Guit& W1 pr. At! Refining (4). Atlas Tack. Austin-Nichols Auto Sales...... AutoSales pf(3). Autostrap A (3) Baldwin L (7) Balto & O (6)... Balto & Ob pf (4 Bambgr pf(6%). Bang & Ar (3%) Barnsdl A(b23) Bayuk Cigars. Bayuk 1st pf (7) Beacon Ofl...... Beechnut(13,60) echnt pf B (7) Belding Bros (2) Best & Co (3)... Bethlehem Steel Beth St pf (7). Bloomingdale. .. Blmingdle pf (1) Bon Anni Cl A (4) Booth Fisherts Briggs Mfg Co.. Bkin-Edison (8) BEiyn-Man (4).. Bkin-Man pf(6). Brown Shoe (2% Brunswick B 13) Brunswick Ter. . Buff&Susq pt (4) Burns Brosa (8). BurnsBros pf(1) Burroughs Ad t4 Bush Term (g2). Bush Term rts. . Bush Ter de (7). Bush Trm pf (7) Butte Cop (50¢). Butte&Super (2) Byer & Co...... By-Products (2). Calit allahan Zine. .. Calumet & Ar (6 Calu & Hecla (2) Can Dry (t3%). Can Pacific (10) Can Pacific 2d pd CuseThreshg(6) Cent Alloy (2).. Cen Ry NJ (t12) Century R pf (7) Cero de Pasco(4) Certain-T'eed (4) Chand-Cleve. ... Chandler Mot pf. Chase Nat B(1¥) Chase Nat Bk rts Chat-Ph Bk(16). Ches & Ohto (10) C & O Corpn (3). Chi & Alton.... Chi & Alton pf.. Chi Great West. Chi Gt West pf.. Chi Ml & St P.. Chi Mil & StP pf CM&StPefs.. C M&SLP pf ofs- Chi & Nwn (4).. Ch1 Rock Is (5). CRI&PDL (7). Chi Yellow C(4). Childs (32.40).. ChileCo (23).. Christ! B (1.20). Chrysler Cor (3) Chrysler pfA(8). City Stores (B). Cluett Peab (6). Cluett Pea pf (7) Coca-Cola (6)... Collins & Alk(4) Collins&A of (1) Col Fuel & lron. Col Gas & EI (5) Col G&E pf A (6) Col Carbon (4).. Com Cred (1)... Com Inv (3.60). . Com Solvents(8) Com Powr (2% ) ‘Com Power rts. . Congoleum-Nair Cong Cgrs(t4%) Con Cigars (7).. Consol Distribut Cont Baking B.. Cont Bak pf (8). Cont Can (§).... Cont Mont (8uc) Corn Prod (+3), Coty Ino (16 Cruciblest ) Cuba Cane Sugar Cuba Cane Su pt Cuba Company. . Cuba R R (4.80). Cuban Am 8 (1) Cuban Dom Sug. Cudahy Pkg (4). Curtiss Aero. Curtis A pf (7).. Cushman’s (§4) Cushmaan pt (7) Davison Chem. . eere&Co vf (7) Del & Hud (9).. Del L& W (17). DRG Wst pf... Detrofit 54 (8).. Devoe & R(2.40) Devoe&R lll("l) ) Received Low Close 138k 139 s 12 112 112% 12 12% 109% 674 300 5 8ol 2% T4 108% 108% 635 65 182 1824 174% 174% 174 1714 129 129 1o 110 Cont [nsur (6).. ? 58 5% 58 3164 3164 816 3164 | Gillette SaR(15) | Gimbel Bros. ... by Private Wire | Open { DuPont deb (6). 116 Duquesne bf (7) 115% Eastman (18)... (67% Baton Axle (2).. 26 Kisenlohr & Bro. £l AutoLt (16%) Electric Boat. .. Elec Power & Lt Eleo P&LL pf (7) ilec Refrigeratn 151 Stge Bat (16) £nd John (5)... kngineers Pub 8 Engnrs PS p(7) | Bauit Bidg (7). Equitable pf (7). irie R R 107% 9319 181 624 624y Erie 2d pf. Brie Stm S (21%) ErteStmS cfs 2% Eureka(ft4%).. Fairbanks (3).. Ked Ligt(hl 4) ! Fea Min pt (7).. 10 Phoenix (4) Fifth Ave (6ic). First N P 1st(8). First NatS(1%) K13k Rubber. ... Fisk 1st pf ev(7) Fleischmn(3%) Foundation Co. . Fox K'1im A (4 Freept-Tex 14% Gabriel Sn (3%) | Gardner Motor.. Gen Am Tok(4). Gen Asphalt General Cabl, Gen Cigars (4. Gen Elec (15) .. Genlkllec sp(éoe) Gen GGasA(olly) Gen Mot (17%) . Gen Mot pt (7). Gen Outdr Ad(2) Gen Outdr A (4) Gen Ry Sig (5). Gen Refrac (3). Gimbl Br ot (7). | Giidden Co. Glidden pr pt(7) Gold Dust (3)... oodrich Ru (4) Goodrich pf (7). Goodyear Tire. . Goodyear 1st pf. Gothin S H (24) Gotham new 2% Gotham H pt (7) Granby Con Min Grt North pf (5) Gt Nor pf cfs(5) GrtNor O (1%). Grt Wes S(2.80) Gt West S pt (7) Green Canan.... Guantanamo Guant Sug (8) Guit Mo & Nor ... Gu M & N pf (6) Gulf States Stee Hanna 1st pt Hartman A (2).. 23 Hrin B 010 % stk Havana El Ry... Hershey Corp. .. Hershey pt. Hershy pr pf(6) Hoe & CoA. ..., Household (14). Houston Oil. ... Howe Sound (4). Hud Man (2%). Hudson Mot (5) Hupp Mot(1.40). Illinols Cen (1), Indep O11 (1)... Indian Mot (1%) Indian Refining Ingersoll R (14). Inland St 123). i Inspiration Copr InterboroRapTr Intcontl Rub(1). Internat Agri... Int Agricul prior Int Bus Ma (5).. Int Cement 14).. Int Com Kng (2) Int Comb pf (7). intMteh pf(3.20) 88l Int Harv (J6)... 243 Int Mer Marin 4 Int Mer Mar pt. 40% ) Int Paper pf (7) Int Ry Cent Am. int Tel & Tel (6) lowa Central... Island Creek (4) Jewel Tea. Jordan Motor... Kan City South Kayserd (4).... Kelly-Spring. ... Kelly Tire 6% pf Kelly Tire 8% pt Kels-Hayes (2). Kennecott C (5). Kinney pf (8)... KraftCh (11%) Kresge (1.20). .. Kresge SS pf(8) 1. Kress S H(h14) Lago O1l (76¢). . Lambert Co (16) Lee Tire & Rub. LehighVai(3%). Lehn & Fink (3) Life Sav (1.60).. Lig&MyrsB (f4) Lima Loco (4).. Liq Carb (3.60). Loew's Inc (13). Loofe oo Loose-Wil(1.60) Lorillard Co .. Loulsiana OIl.., La Oll pf (6%). LouisGasA(1.¢5) Louls & Nash(7) Ludlum Steel(2) MacAndrws 2.60 McCrory (1 60). Mack Truck (6) Mackay (7). Mad Sp Gar . Magma Cop (3). Mallison & Co... Mallison pf (7),. Manat! Sugar... Manat! Sugar pf Mandel (23%)... Man Bl Sup (6). Man Elev gtd(7) Man El m g (d6) Man Shirt (2) Maracalbo Of Marland OIl. Marlin Rock (14) Martin-Pary (2) Mathieson (4). . Mathieson pf (7) May Dept 8 (4). Maytag (13).... Mexican Seab. .. Miami Cop (1).. Mid-Continent Middle State: Mid States Of Midland pf (13) Miller Rub (2).. Minn & St Louls Min St P & 8SM. M St P&SSM pf. MStP&SSM Ii(4) Mo Kan & Tex. . Mo K & T pf (6) Missour! Pacific Missour! Pac pf. Montana Pow (5 Montgmry W(4) . Motion Pie Corp. Motor Met (3 60) Motor Whi (2).. Mullins Body. .. Mullins B pf (8) Munsingwr (3). Murray Corpn.. Nash Motor(15). Bellas Hess BHess pf (1) Nat Blscult(17) . Nat Cash R (A)3 Nat City Bk (20) Natl Dalry (3) Nat Dept Stores. Nat Distillers. . . Nat Distillers pf Nat Enamel & 8. Nat Lead ¢ Nat Pwélt ( Nat Radiator(3) Mat Ry Mex. 2 3R o 4. 150% Ya High 17 115 167% 260 111y 100% 106% 8 76% 79'n 36 107% 3ty 6% 344 43 981y 1885 12 105% 28% i6 95% 68% 424 9 105% 31% 10 63 12 125% 56% 581y 121% 694 » 103'% 40% 981 ) 1% 931y 109 5974 554 8Lk 81l 120 43 99% 99 244 5% 122 119% 95, 105% 59 110 56% 69% 28 19% 15 384 73 101 344 657 1574 43 5274 T4k 347 135 254 86 8% 90% 54% 20 34 204 15% 88 244% 4% 40% 5% 78% 1125 39 8% 570 82 1224 55, 66% 594 10% 88 264 152 27% 584 Bl% 109% 116 5% 503 20 95 32 7L 41%° 16% 344 50% 16% NEW YORK STOCK EXCHA Direct to The Star Office. Low. Close. 116 116% 2 104 ™ 107 93 60% 38% 3 5% 34 43 94'% 186 12 105% 28% 16 95% 674 4l T8' 102% 31% 9% 62t 125% 55 58'% 119% 634 99 2 40 s 20'y Yok 4% Y24 109 594 95 80 BO% 19 41% 981g 99 23% 37 121% 117 Y% 1054 57 110 53% 67 28 19% 15 B6%% 72 100% 33 653 153 42 50% 2l 33% 134 2% 36% 8l 89 o4 19% 320 204 15 54% 354 ' 53 103 103% 103% 88l 115 115% 166 25% 11 9% 15% 29 106 8 5% 79 33% 107 1054 31% 9ty 621 1% 2414 2 4 40% 8% T5w 112 39 148% 3% 67 80% 52 By 122% 6d4% 65t 58% bY% 55% 394, 10% 88Y% 26% 151% 26% 57 9% 1084 116 24% 49% 1% 93% 32 65 4% 54 8% 50 164 33% 50 16% 128% 126% 126 117% 117% 117% 61y 32 5 19 86 88 EIt 4% 18% 2T 2T 2T% 2W 1% 285 22 3% 58% 88 69 42% 109% 2% 118% 105 118 i 2% 1'% 228 21% 3% 524 86 69 42 109% 92 112% 102% 115% 6% 2% 1%. 231 NGE Nat Ry Mex 24 Nat Supply (16). Nat Suply pf(7). Nat Surety (10). Nat Tea (4)..... Nevada C(134) .. NOTex &M (7) N Y Alr Br (3) N ¥ Cent (8) NY C&StL (6 NYC&StL pt(6). NY Dock..... NY & Harlem (5) NY NH & Hart. . NY NH&H pf(7) NY Onté W (1) N ¥ Raflways pf NY Steam p1 (6) NY Stm pf A (7) Niag F pd (1%). Norf & Wn(110) NorAm bl0%stk North Am pf (3) North ’ac (5)... Nor Pac cfs(6) . . Northwn Tel (3) Norwalk Tire. .. Norwalk Tire pf. Nunnally (1.50). 011 Well Sup. Ofl Well S pt Omnibus. . Opnhm Col (4).. Orpheum Cir (2) Otis Klevator (6) Otis Steel....... Otis Stl prior(7) Outlet Co (4)... Outlet Co pf (7). Owens Bot (ct4) Pactfic Coast. ... Pac Coast 2d pt. agihe Gas (2). Pac O1l Stubs. .. Pac Tel & Tel (1) Pac Tel & Tel pt Packard (3) Paige Motor. Pan-Am Pet (4) Pan-AmPetB(4) Pan-Am West B. Panhandle. ..., Panhandle pf. .. Parmt-Kam (18) Paramount rts. . Paramt-1' pt (8) vark & Tilford. . Park Utah (§0¢c) Pathe Exchange Pathe Ex A (4). Patino 1az.10).. Peerless Motor. . Pa Dix Ct pf (7). Penna R R (3%) Peoples Gas (8) . Pere M prior (5) Phila Co (k4)... PhilaCo5% pf2% PhilaCo8 % pt(3) Phila & RC 1 Phila&RC&1 efs. Philip Morris Phillips Pet (3). Phoenix Hostery Plerce-Arrow... Plerce Arrow pf. Plerce Ofl....ve. Plerce Petroim. . Pillsbury (1.60). Pillsbry pf(6%) Pltts FtW p£(7). PittsTerm Coal., PorRicoTobA (7) Porto Rico To B. Postum (6)..... Pr Stl Car pf (7) Prod & Renners. Pub Serv NJ (2) Pub Serv pt (6). Pub S NJ pt (8). Pullmn Corp(4) Punta Aleg Sug. Pure Oil (11%). Purity Bak B (2) PurityBak pf(7) RRadto Corp of A. RS1lCefs (4). Real Silk pf (7). Reid lce Crmi3) Remingtn-Rand Rem-Rd1st (7). Rep Ir & Stl (4,. Rep 1 & S pf (7). Reéynolds Spng: Rey Tob B(16% ).. Rossia Ins Co rts Royal Da3.13%. St Jos Lead (13) St L& SanFr(8). St L Southwest . St L Swn pf (6). Savage Arms Schulte (3%). | Senul Seabd Air Ling Seab Alr L pf. Seagrave (el.20) Sears-R (n2%), Seneca Coper. .. Shattuck F G (2) Shell Tra (a2.41) Shell Un (1.40).. Shuber The (6). Simmons (2) Simms Pet, Skelly Ofl (2)... Sloss-Shef (6).. Snider Packg Co So Por Ric 8(£2) South Calif Ed.. South Dairfes A. Sou Dairles B... South Pac ¢6)... Southern Ry (8). | Spicer Mtg St06 & B (3%). Stand G&Elec rts Std G & B pt (4). Std Ml (5)..... Std Millg pf (6). StdoilCal (128 ). StdOiLNJI(11%) Std O1INY (1.60) Std Plate Glass. Sterling Prod(te Stewart-War (6) Strom Car (2)... Studebaker (5).. Submarine Boat. Sun Ol (1), Supertor Oil, Superior Steel. . Sweets of Amer. Symington Cl A. Telautogra (60c) Tenn Copper (1) l'exas Corpn (3) Tex Gulf Sul (4) Tex & Pacific. .. Tex PC&UI60C). Tex Land Trst o Thatcher Mfg. .. The Fair (2.40). Third Avenu Tidewatr As Oll. THWASOLIDI(6) Tidewatr Oil 800 Tide W Oll pf (5) Timken (t5).... ‘Tobac Prod (7). Tobac Prod A (7) Transcont Oll... | Transue & W(1) Twin City R (4). Twin City pf (7) Underwood (4). Underwd pt (7). Un Bag &i'aper. Unton Carb (6) Unlon Of Union P: Un Pacifio pf(4) Union Tank (6). UtdCerSt(C8ue) Utd Cgr St pf(6) United Drug (9) Utd Drg 1st (3% Utd Dyew pt (7) Utd Frutt(16%) 110% 1% 121 38 8% 4% 28% USCIP&F (10) 2 U S Distributing S Hoffman (4) S Alcohol (6). S Leather wi. S L S S Rubber. S Rub 18t (8). SSmelt (3%). S Sm pt (3%) S Steel (T)... cecccaceca Uni Plo 1stspf (8) Univ Plpe(t2%4) Utl P&Lt A (e2) vanadium (14).. Van Raalte pf... Vick Chem Vigtor TIk Mok, 108% 60 8TH 24% 424 103t 134 Sin 30% 23h 91 07t 1!mcm4 class “B.” | States Steel | acros: LIST IS IRREGULAR ONSTOCK MARKET ) | Realizing Felt by RaiIsToward‘ Last—U. S. Steel Strong Feature. BY GEORGE T. HUGHES. Dispatch to The Star. W YORK, December stock market left off today mixed price changes. Realizing sales, heavy at times, in some stocks were balanced by further advances in others. First the buying would pre- dominate and then the selling and it was never sure for long at a time which was the stronger. Steel, touching 148, was higher than at any time since ober 14. Free- port Texas was another strong fe: ture. The rails sagged toward the close and there were rapid and wild fluctuations in the airplane stocks. General Motors ruled lower. There was a brief flurry in New York Central, following the announce- ment that the Michigan Central, a 99- per-cent owned gubsidiary, had de- clared an extra ° >r cent cash divi- dend in addition to the regular 20 per cent semi-annual disbursement. It has long heen recognized that the New York Central could ftake larger divi- dends trom its subsidiaries whenever it saw fit, arly every group had at least one outstandingly strong stock. In the rails it was New Haven. In the steels it was Bethlehem. In the coppers it was Calumet & Arizona. In the utilities it was Philadelphia Co. There were, however, weak spots. One of them was American Linseed. Anoth- er was Porto Rican American To- ~ Then there was a which simply long li: of marked time. News Developments Scanty. News developments were scanty. Money renewed at 4 per cent, un. changed, and seemed to be in good | supply. Steel operators were declared to have been stepped up, the Steel | Corporation ftself running at about ! 651 per cent of capacity, against 63 | per cent in the preceding week, which was the low record for the year. The independent steel producers were at 62 per cent of capacity, against 60 | per cent a week ago. | Bethlehem Steel was in urgent de- mand, crossing 59, where it was up over 3 points on thed ay. The buying seemed to be too confident to | have come entirely from a short in- | terest. It looked as if something spe- | cial was in the making. While Beth. | lehem was advancing so easily, United | was_selling fractionally lower. Colarado Fuel and Vanadium | \vere higher, but the other steels did ittle. The demonstration in New Haven paralleled that in Bethlehem Steel. It carried the stock above 59 to the high- est since 1916. Here the talk was of dividend action some time next vear. Estimates now are that the road will earn nearly $5.50 on the common stock in 1927. Canadian Pacific and St. Louis Southwestern were other strong rails. The first named, however, did not hold all its gain. Calumet and Arizona Up. Calumet and Arizona was bid up 107 which was the highest | since it was listed on the New York | Stock Exchange. It has established | a better price than this on the Boston Exchange in 1909. Illustrating the ir- | regularity that prevailed, Greene Can- | anea was the object of realizing sales | while Calumet and Arizona was going ! up. Park Utah was the active low- priced copper stock, ~Philadelphia Co. soared 7 points, selling just below 150, the highest for all time. The floating supply is so small that wide moves are the regular thing in this stock. | While these advances were being| recorded sharp reactions took plac: elsewhere. Porto Rican-American To- baceo, class “B,” slumped nearly 9| points. and then recovered a good | share of the loss. American Steel | Foundries, which had been bid up so | rapidly earlier in the week, came down over 3 points. American Linseed w in supply. Woolworth was lower Gold Dust lost ground. So did tobacco products, Goodrich, Texas Gulf Sul- phur and many other less active is- sues. As a rule, the losses were not as large as the gains. CONTINENTAL BAKING. NEW YORK, December 14 (#).— Directors of the Continental Baking Corporation have declared a quarterly dividend of $1 per share on class “A” common stock and a regular quarter- | ly disbursement of 2 per cent on the | company's 8 per cent preferred stock. Both dividends are payable January | 3 to stockholders of record December | 23. George K. Morrow was clected | to the board of directors to replace | Elmer L. Cline, resigned. —_— Halsey, Stuart & Co. and Graham, Parsons & Co., offer today $2,500,000 Paramount Theaters (allied owners’ corporation, a wholly owned subsid- lary of realty associates, New York) serial 6 per cent debentures due Jan- uary 1, 1931 to 1941, inclusive, and é)rlced to yleld from 6.10 to 6.50 per ent. stocks Vietor pr pf (7). Va-Caro Chem.. Vivadou (3)... Vulcan Detin.. Wabash......e Waldorf (1%). Walworth (1.20) Ward C1 A (8).. Ward Baking B. Ward Bak pf (7) Warner PloA... Warner-Quin(2) Warren Brs(15). Warrenlst pf(3) Wark&Pipe Cor. Web&Hell pt(7) W Penn E1 A (1) W Penn EI pf (1) West P Po pf(7) West DairyA (4) Western Dairy B West Maryland. West Md 2d f.. 102% 14% 21 28 ° 66% 20 184% 102 102 4% 14 West Pacific.... Westn Pacific pf West Union (8). Westhse A B(2) Westinghse (4). Weston Electric. White Eaxle (2) ‘White Mot (2).. White Rock(13). White Sew Mlc: Willys Od pf (1) Wiison & Co.... Wilson Co pf A Wilson & Co pt. Woolworth (5) Worthn Pump. . Worth Pump (A) Worth Pugp (B) Wright Aero (1) wrigley (13%). Yellow Truck... 33% 34% Yel Tr&Co pf (7) 91 91 Youngstn Sh(6). 92 3% Hourly Sales on N. Y. Market. 1lam.. 671500 1zm.... 1231700 1om.. 1642200 2 pm... 2037.700 Dividend catee as siven in the above table ibe annual cash payments on the t quarieriy or half vearly declarations. ces (iherwise noted, extra or sDecial divi: s are ot ineluded. of rading legs than 100 shares 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 o= PDENTAL AGENTS Those who have apartments not fully rented will gain by inquiring how this firm can bring your proper- ties up to proper earning basis. Rental Department \WEAVER BRO REALTORS 809 15th St. NN\W. Main 9486 Investment Trust Shares of the Investment Corporation of North America Trustee: Empire Trust Company, New York City 'HIS investment trust was organized to provide a sound investment, in which both large and small investors may participate in the annual profits and steadily increasing capital values of a widely diversified selection of common stocks of America's leading corporations. All of these securi- ties are listed on the New York Stock Exchange. The trust is sponsored and managed by the following board of directors: Director First Vice-President, Merchants & Trust Company, W:s»vm' D.C. Wnuax W. Buoe, Vice-Presi nd Director Punr Dz Rowve, Director Director, U. S. Pidelity & Guarenty Co., Balti Director, Empire Ty New Tork City. Geonge A. Garrerr, Director Portuer, F. B. Keech & Com pany, Members of New York Stock Exchange, New York City. Arzyn 8. Gouroen, Director Partner, A. S. Goulden & , Investment Bankers, Washington, D. C. juLterre V, TARTAR, Secretary . Washington, D. C. Sharpe & Dohme, Baltimore. matters incident to the creation of the Trust have been approved by . "';Irfmfl. E’ll‘u HAm':m. Ferguson & Gary, Washington, l‘) C. Circular giving full details, including a list of the companies representii in the Trust, will be sent without obligation. Ask for Circular A -3. A.S. GOULDEN & COMFANY Investment Bankers Woopwazp Buroing Wasnmeron, D.C Telephone : Marn 2000 Capital & Surplus, $3,000,000.00 Xmas Generosity —Ilaudable as it is, often proves a pitfall Give as bountifully as you can, but do not overlook the urgency of adding to your-bank account This Payday. Emergencies are just as likely to happen at Yuletide as any other season. QExtra banking hours, Tomorrow and Friday, for the special conven- ience of Payday custo- mers. Open Until 5:30 P.M. Tomorrow and Friday Safe Deposit Boxes at Nominal Annual Rentals Same Rate of Interest Paid on Large and Small Accounts OFFICERS: WILLIAM D. HOOVER, President. WOODBURY BLAIR. 1st V. Pres. FRANK W. STONE. 2d V. Pres. FRANK STETSON, Trust Officer. Treasurer, E. PERCIVAL WILSON, Seeretary. R. ULLMER, Amt. OE BATKD, AsstTr Oftcar™™ DAVID BORNET, Aust. Tr. Officer. WP CHENERT. dant Treas ALEXANDER 3. FA JOHN M. i AUDLEY ROTLE National Savings & Trust Co. 61st Oldest Savings Institution in the District of Columbia - Year, Cor. 15th and New York Ave.