Evening Star Newspaper, December 22, 1927, Page 14

a4 " STEEL LIST LEADS MARKET UPWARD Coppers Next in Prominence. Insurance Shares Gain, but Coals Are Lower. BY GEORGE T. HUGHES. Special Diepatch to The Star. NEW YORK, December 22.—After n irregular opening the stock market tarted upward today under leadership uf'the steel shares. The renewal rate )f 4% per cent for money was ig- wred. Traders quite correctly inter- ireted this as a seasonal phenomenon. Hollday requirements plus provision or end-of-the-year interest and divi- lend disbursements normally bring .bout higher money at about this time. The market had nothing further' to ‘o upon in the way of news. The lopeful tone of the iron and steel rade reviews could just as well have wen reflected in prices Wednesday as oday. There was no change in the rcailroad outlook. Traffic and earnings statements were not encouraging. The market, nevertheless, was looking for- ward to the new year with confidence, seeming to forecast business improve- ment without disturbing the unprece- dented credit ssituation. Steel Buying at Start. Buying of the steel stocks was under way yengrl)' in the session. United States Steel was taken in large blocks above 150, when it was the highest dnce the week ending October 8. The price moved up slowly, but it stimu- jated other steel stocks. Crucible was ‘he strongest of these, with a gain on he day of over 3 points as it crossed ¥3. On a vield basis Crucible is the nost attractive of all the steels, but ¢ has such an erratic market record that traders follow it with caution. Bethlehem Steel, Gulf States and FINANCIAL." -THE - EVENING - STAR; WASHINGTON, D. C, THURSDAY, DECEMBER 22, 1927. NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. High. 322% 117% 115% 165% 129 27% 11% 99 Low. Close. 820% 4 117% 115% Low Close. 140 138% 138% | Du Pont "u&fi) 113 113 113 [ DuPont deb (6). 11l 111 1114 | Duguesne of (7) 13 13 Eastman (18)... 89 39 39 |Eastman pt (7).. 3% 3% 3% uaton Axie (2).. 184 184 184 | icsenionr & Bro. 1% 1% 11% ] g AutoLe (16%) Alaska Juneau.. 1w 1a 1w 1%/ e0tr10 Boat. .. Albany Papr(2). 26 26 25 26 | liec power & Lt Atbny Pap pf (1) 99% 99% 994 EP&LDS 40% (7) Allted Chem (6) 151% 1554 151% Iilec P&Lt pf (1) Aliled Cm pf (1) 123% 123% 128% 123% | iie0 Retrigeratn Allls Chalm (8). 113% 113% 1135 L13% | 'Stoe Bat (16) 12% | kna John (6)... ngineers Pub 8 quit Bldg (7) irie R R. tirie 1st pt. Erie 2d pf. trie Stm S (2%) ErieStmS ofs 2% Bureka(f14%).. Fairbanks Co Fairbanks (3). Fed Ligt(hl 40), Ked L&T pt (6).. Ied MotT(f80c) 1d Phoenix(4). Fifth Ave (64c). First NatS(14). Fisk Rubber. Fisk 18t pf (7 Fleischmn( 3% ) Foundation Co. . Fox Film'a (4). Frank-S pf (1).. FreeptTex(i5%) Gabriel Sn (3%) Gardner Motor.., Gen Am Tnk(4). Gen Asphait. Gen Cable A(4).. Gen Kleo (T5).. Uenlkilec sp(6ve) Gen GasA(01%) Gen Mot (17%). Gen Mot pf (7). Gen Outdr Ad(2) Gen Outdr A (4) Gen Ry Sig (5). Gep Refrac (3). lette Sak(15) Gimbel Bros. Gimbl Br pt (7). Glidden Co..... Glidden pr pf(7) jold Dust (3). .. Goodrich Ru (4) Goodrigh pt (7). Open. T 322% 117% 115% 165% 129 26% Open. Abitibi Pow(5). 139 Abrahm&Straus 113 Abr&Stras 1%pf 111 Adv Rumley.... 13 Adv Rumley pf.. 39 Ahumada .. 3% Alr Reductn(17) 184 Ajax Rubber.... 11% NY NH & Hart.. NY NH&H pf(7) NY Ont& W (1), N ¥ Railways pt NY Steam pr (6) Niag Fpd (1%). Niag Lock pt. ... Norf & Wa(110) NorAm b10%stk North Am pf (3) North Pac (6)... Norwalk Tire... Ol Well 8up.... umanibus vpnhm Col (4).. vrpheum Cir (2) VLIS Klevator (6) s Steel, ...... Owens Bot (ct4) OUwens B pt (7). Pacitic Coast. .., ae Coast 1. .. Lacilic Gas (Z). rac Tel & Tel (1) Pac Tel & Lackard (3) vaige Motur. ... Pan-Am Petrolm Pan-Am Pet (B). Van Am west B Canhandie. Panhandle pf. .. rarmt-Fam () Paramount rts. . Vars & Lutora, . vark Utan (30c). rathe kX A (4).. rauno (az.10).. t'eeriess Motor., . Penick & kord. . Fenn C & Cok Penubix Cmuz) venna K R (34 ) Ceoples Gas (5). ChiiaCob % przly volla & RC ... <alip Morr Chillips Pet (". rhoeulx Hosiery Clerce-Ariow. . . rierce Arrow pr. Ylerce retroim. Pilisbury (1.60). rulsory pri6) LIS Coal 0 Y8H 184 Amerada (3).... Am Agricul Chm Am Agri Ch pt.. Am Bosch . Am Br Sb (J1.60) 447 Am B Shoe pf(7) 123 Am Brown Bov. 14% Am Brown Bopt 59 Am Can (2)..... To% Am Can pf (7)... 140 Am Car&Fdy (8 103 Am Chicle (3).. T71% AmChic pr pf(7) 106 106 106 106 Am Drug (80c). 13% 13% 13l 13% Am Express (6). 1641 i67% 164% 1674 Am & For Pow.. 30k 30% 304 30% Am&Fo Po pf (1" 1074 1074 1074 1074 Am Hide & L pf. w58 Am Ho P (240). 66 » 664 American Ice(2) 314 3 dow Am Internatl(2) 581y 59 584 AmuFr&Fonm 6y 6l 6l 65% 65k 65 84ty Sdla Bdk 107% 109% 107} 109% Am Loco pf(7).. 125% 125% 125% 125% Am Metals (3).. 47is 49% 47l 48% Ambletals pf(7) 112 112 112 112 AmPo& Lt (f1) 664 667 66% 66% Am Radlator (5) 133% 134% i33% 134 Am Republic.... 79% 0% 78 T78% AmSaf Raz t4% 56% 584 56% b8k Am Seating (14) 40 40 40 40 Am Shipbldg (8) 115% 115% 115% 115% Am Ship & Com. 8 3% 3 3k Am Smelting (8) 185 1874 1841 184} AmS&RDI(T). 130 130 130 130 Am St Fdys (3) 67% 67% 66% 664 Am Sugar (5)... 7% 9% T4 Tl Am Tel & Ca (5) 30 30 30 Am Tel & Tel (9° 178% 179 178% 178% Am Tobacco (8). 171%s 172 1704 1704 ! AmTobaccoB(8) 171% 173 17l 171% Am W W (m80c) 58% 59% 58% 59% AmWWks pf(6) 1014 1014 1014 10U 38% 12m 1% 24% 148% 10% 5% 140 106 1% 140 103 1% 140 106 1% 115 1038% DUy \oungatown lll went along more or Vext to the steel stocks the cop- pers were still the most prominent. More new high records were establish- ed, among them Cerro de Pasco, Chile and Kennecott, the two last named at the best in their history. Realizing caused some recession in Greene Can- anea, which was not surprising in view of the extent of the recent rise. Montgomery Ward was the leader of the mail order stocks, and above 120 at the best for the present shares. In the specialty class Paramount- _Famous and National Cash Register were conspicuous. Harvester Forges Ahead. International Harvester forged ahead under a small turnover. In- surance stocks kept their following. Fidelity Phoenix at 230 had added 16 points to its jump of 19 points on the day before. Rossia and Continental were up also. The market was not uniformly strong, however, American Can sold off, responding to unofficial estimates that earnings in the last half of the vear would be somewhat under 1926 and that an extra dividend was un- likely. It recovered the loss later on. General Electric sagged and the coal stocks were sold. Pittsburgh Coal dropped two points and Philadelphia & Reading Coal & Iron came down within a point or so of the low of the year. Announcement of the trustee- ing of the Baltimore & Ohio certifi- cates of interest in the coal company for three years did not seem to help the stock. General Railway Signal and Mack 'l‘ruck- sold cff tomewhat. Fox ""was weak for.a time. BALTIMORE, December 22 (Spe- elal).—White potatoes, 100 pounds, 1.50 01.90; barrel, 1.25a3.00; sweet potatoes, barrel, 1.75a2.00; yams, barrel, 1.75a 2.00; beans, bushel, 1.50a3.00; beets, 3.0024.00; Brussels sprouts, quart, 12a 20; cabbage, 100, 2.00a4.00; caulifiower, crate, 2.25a2.50; carrots, 100, 2.00a3.00; celery, crate, 1.00a2.00; kaie, bushe 25a30; lettuce, crate, 2.50a3.50; onions, 100 pounds, 1.00a2.00; peppers, crate, 3.25a2.25; parsnips, basket, 40a50; oysterplants, 100, 5.00a6.00; peas. bushel, 2.2542.75; spinach, bushel, 75a | 31.25; savoy cabbage, bushel, 20a30; bquash, crate, 1.00a2.50; tomatoes krate, 3.50a6.50; turnips, basket, 20a30. Apples, basket, 1.00a2.50; barrel, ‘! $0a7.00; cranberries, box, 4.25a5.75; pefruit, box, 3.50a4.50; oranges, Box, 4.00a5.50; {angerines, box, 2.76a 3.75. Dairy Farm Products. u\m poultry—Turkeys, pound, 40a old, 35a38; poor and crooked reasts, 25; Spring chickens, 25a26; horns, 23a24; poor and thin, 18a 20; old hens, 20a25; Leghorns, 17al18; roosters, 15a16; ducks, 24a2; small and poor, 18a20; geese, 20a25; pigeons, pair, 20a30; guinea fowls, each, 40a85. Dressed poultry—Turkeys, pound, 40a45; old toms, 30a38; poor and rooked breasts, 25; young chickens, 25827; old, 22a26; old roosters, 16a17; 1pucks. 25a30; geese, 22a30. ‘i [Eggs—Receipts, 697 cases; native d nearby current receipts in free dozen, 41; strictly fresh, Buuer—Good to fancy creamery, pound, 48a54; prints, 54a56; blocks, 3a55; ladles, !7n38; rolls, 8‘!!5; store K ked, 32a33; process butter, 4la42; airy prints, 34a36. i H Hay and Grain Prices. . Wheat—No. 2 red Winter, export, 1.38%; No. 3 red Winter, export, no quotation; No. 2 red Winer, garlicky, mestic, 1.38%: No. 3 red Winter, q.-ucky domestic, no quotation. Corn—No. 2 yellow, domestic, 1.05a 1.06; cob corn, mew, 3.70a3.75 per barrel. Oats—No. 2 white, domestic, 63a64; No. 3 white, domestic, 62a63. Rye—Nearby, 90a1.00. Hay—Receipts, 9 tons. New hay is arriving in only limited quantity. It is, therefore, not being officially grad- ed and sells strictly on ifs merits, within range of 1.00a17.00 a ton, tim- othy and clover grades, Straw—No. 1 wheat, 11.00a12.00 per ton; No. 2 oat, 13.00a14.00. FOREIGN EXCHANGE. +Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling choeks value (or par). today. London, -$4.8008 $4.88 Son ml 100 s Oslo. crown. . Stockholm. ero NEW YORK, December 22 (#).— Foreign exchanges mixed. Quotations (in_cents): Great Britain, demand, 487%; cables, 488 11-32; 60-day bills on banks, 484. France, demand, 3.93 eables, 3.93%. Italy, demand, 5.27; @ables, 5.27Y D(n 'u\d—llelzlurn. 13.99; German! Y Holland, 40.39; Norwa Sweden, 27.00; Denmark, 26. 8 Switzerland, 19.33; Spain, Greece, 1.33; Poland, 11.25; C: vakia, 2.961;: Jugoslavia, - | Calumet & Ar (6> 118% 120% 118 Am Woolen. 204 19% 19% Am Woolen 49l 49% 47 47 Am Wr Pa pfcfs 43 43 43 43 Am Zine. 7 Anaconda (3).... 58% 69% 585: 59 er-Dan (3). 59 59% 659 59% ArolourDelpf(7) 84% 84% 84k 84%s Armouroflll(A) 10% 10% 10% ‘lUln Armour of111(B) % b 5 Arnold Con&Co. 53% 53% 53% 53% 424 424 41 41 ) 49 49w 48% 48% Asso Ol1 (33.20). 39% 39% 39% 39% Atchison (110).. 194k 1941 193 193 AtlCoast L(110). 189 189 189 189 AUGuIf& W1.. 38% 39% 38% Atl Guit&WIpt. 39 39 38y Atl Refining (4). 108% 108% 108 108% Austin-Nichols. % 4% 4% % Austin-Nich pf.. 24 % Austrian Cr 4.52. 8% 75 3% 75 Auto Sales. 8% 8% 8w 8% Autostrap 44 6 44 45 Baldwin L (7).. 2583 253 253 253 Bald Loco pf (7) 121% 121% 121 121 Balto &0 (6)... 117% 117% 117% 117% Balto &Oh pf (4. 8l}s B8lis Blke 8li Bang & Ar(3%) 71 TiL 0% T8 Goodyear Tire. . Goodyr 1st pf(7) Gothn S H (2%) Gotham new 2% Gotham H pt (7) Granby Con Min Grt North pt (5) Gt Nor pf efs(5) GrtNor O (134). Grt ureen anan. Guantanamo Sug Gulf Mo & Nor.. Gu M & N pf (6) | Gulf States Stee) Guif Sta 1st(7). Hanna 1st pt..., Hartman A (2).. Hrin B 10 % stk. HavEIl Ry pf(6). Hershey Corp. .. Hershey pf..... _HockingVal(10) ‘Hoe & CoaA.. Hollander & So; Household (14). Houston O11. Howe Sound (4). Hud Man (2%). Hudson Mot (5) Hupp Mot(1.40). 1llinots Cen (7).. Indep Oll (1).... Indian Mot (1%) ! Indian Refining. | Indian Refg ctfs Ingersoll Rd(15) Inland St (2%). Inland Stl pt (7) Inspiration Copr. interboroRapTr Lntcontl Rub(1) laternat Agri. Int Bus Ma (5) Int Cement (4).. Int Com Eng (2) Int Comb pt (7). Int Harv (36). IntMtch pf(3.20) Ant Mer Marine., Int Mer Mar pf, Int Nickel (2). Latl Paper (2. Lat Paper pf (7). PittsTerm Coal.. PILs Ter pr (6). POrRICULOLA(T) rorto Rico To B, rostum (8)..... Prod & Rennel Prophylactic (1) Lub Serv N (@) Pub S NJ pr(?). Pub SE&U pI(s) Pullmn Corp(4). runta Aleg Sug. rure Ol (11%). rurity Bak b (2) FurityBak pf(7) tiadlo Corp of A, teading (16). ... Heading 18t (2) Reading d (2).. weal Siik Hos. .. Leid 1ce Urm(3). Kemingtn-Rand. Reo Motor (71).. Kep A & SU (4. Reyuvlds Spugs. Ley Tob B(76%) RichtieldO(i1.15) HUSSLs 108 (6). . Royal D ad.1él. St Jos Lead (13) St L& Sankr(¥). St L&Sank' pt(6) St L Soutnwest, St L Swa'pt (5) Savage Arm: Scauite (8% ) Scnulte pt (8) BB 649 o i Wik wbm 90% 664 24% 19% 69t Beechnut(13.60) 70 = 70% 69% 69% ding Bros (2) 19 19 18% 18% Bethlenem Steel 57% 58% 57% 674 ‘Beth Stl pf (7).. 118% 118% 118 118 Bloomingdale... 46% 464 45% 45% Blmingdie pf (7) 110% 110% 110 110 Blumenthal pf.. 91% 914 91 91 BonAmiClA (4) 66 66% 66 654 Botany CMillsA 21% 21% 21% 214 Briggs Mfg Co.., 23 283% 3 23% British Emp2d.. 3% 3w 3 3 Bkin-Edison (8) 195 195 195 195 Bkiyn-Man (8).. 57T% 57% 57 57 Bkin-Manpf(6). 84 84} 84% 8414 Bklyn Un Gas(s) 144 144" 144" 144 Brown Shoe (2% 481 48 Brunswick B (3) 34 B3% Brunswick Ter. . 18 17% Buff Roch&P (4) 6% 76 Burns BrosA(8). 99% 39 17% 17% 17 gur;o;;nl Ad 1 1436 143, e ush Term (62). 6% 6l% 61w o1 Bush Termrts.. 4 5 i IeecauiE(®). .. Bush Ter de (7). 1114 111'/. 111 311 ]SS 1 Bush Trm pf (1) 116% 116% 116% 116% | {0t Tel & Tel (6) ButteCop (BUe). 4 5 4w an | iNtertypecti). Butte&Suver (2) 10% 10% 104 10y !sland Creek (4) Butterick Co. 46% 46% 464 464 | Jewel Tea..... Byer&Co......, 99% 101% 96% 98% | Jones Bros Tea. CalitPackg (.. 1% 79 T Jordas Motor. .. 'etm (1).. 24 4 28% 23% KAnCSo f (4 CallahanZino... 1% 1% 1% 1% | Kaysers coy ) 1184% | K lly-Spring C 24 23% 234 | Kelly Tire 8% pt CanDry (13%).. §3% 54 63n 54% | Kels-Hayes (2). Can Pacific (10). 213 2134 21215 213% Kennecott C (5). Can Pacific2dpd 212 2124 212 212 | Kinney pf (8). .. CaseThreshg(6) z71% 272% .70 272% Kraft Ch (11%) CentAlloy (2)., 30 214 30 30% | Kresge (1.20) .. Cemtury Rib M.. 124 124 124 12% Cerode Pasco(4) 170% 7Tl 69 703 | Laclede G pf (5) SetainTend (8). Bi S3-.88 59 |Lamo DU Tee) Chand-Cleve. 6 6 ¢ |LambertCo(t6) Chandier Mot pf. 16% 17% 10% 175 | Les Tire & Rub, Chase Nat B(18) 343 545 540 54z | LehighVal(33). ChaseNatBkrts 43 43 41 2y | Lehn & Fink (3) Chat-Ph Bk(16). 565 568 568 568 | L!feSav (1.60).. Ches & Uh1o (10) 205 205 205 205 | LIB & Myrs(ft4) C &0 Corpn (3)« 81y | Lig&MyrsB (14) Chi & Alton L., Lima Loco (4).. Chi & East 11} pt LiaEabias e, bty o Loew's Inc (13).. Chi Gt West pf.. Chi Mil & St P.. Chi Mil & StP pf CM&StPefs.. C M&SLP pf cfs.. Cht & Nwa (4) Seagrave (el ) sears-R (nzd) Seneca Coper. Suattuck ¥ G (2) Shell Tra (az.41) Shell Un (4.40).. Simmons (2). Simms Pete, Sinclair Ol , Sinclair pt (8) Skelly 011 (2) Sloss-Shet (6). Suider ruckg Co. 3o Por Ric S(f2) South Calif Kd,. South Dairles A. Sou Lairies B. ... South Pac 16)... Southern Ry (8). Swicer Mig. .. SWG &I 3i). Stand G&Elec rts Sl G & & pI (4). Std Mill (6)..... Std Millg pr (6). SLdOUCaITZ% ). StdOILNJ (T1%) Std VUNY (1.60) Sid Plate Glass. Sterlg Prod(t7). Stewart- War (6) Strom Car (2) Studebaker (5). Submarine Boat. 17% 143 Calu & Hecla (2) 24 Symington Cl A.. Lelautogra (6Ue) Lenn Copper (1) Lexas Corpn (3) Lex Guif Sul (4) lex & Pacific.... Tex PC&OV(60c). Tex Land Trstn The Fatr (2.40). Third Avenue... Iidewatr As Oll. Tidewatr Oil 800 Tide W Oll pt (6) Loose-W11(1.60) Lorillard Co .., Loutstana O11. ., La Ol pf (6%). LouisGasA(1.¢6) Ludlum Steel(2) McCrory (1.60).. MeCrory B (1.60) Melntyre P (1).. Mack Truck (6) Mackay (7) Mackay pf ( Mad Sq Gr (1%) Magma Cop (3). Mallison & Co. ., Mallison pf (7) gxanau Sugar. .. Manati Sugar pf. 83% 83% | Mandel u;;,‘?. 91 91% | Man Elev gtd (1) 108% 108% | Man 11 m g (d5) 92 92 | Man Shirt (2)... Maracaibo Ofl. Marland O1l Mar Rock ({3%). Marun-Pary (2) Mathieson (4).. May Dept 8 (4). Maytag (13).... Mexican Seab. .. Miami Cop (1).. Mid-Continent. . Mid-Cont pf (7). 1 Tobac Prod A (7) 115 Transcont Oll... Transue & W (1) Underwood (4. Union Carb (6. Unton Ol (12%) Union Pao (10). Un Pacific pt(4). UtdCgrsSt(Csoe) Uta Cgr St pf(6) United Drug (9) Utd Dyew pt (7) USC1P&F (10) U 8 Distributing U 8 Alcohol (6). CRI1&Ppt(6). 103% CR1&P of (7). 109 Childs (32.40).. 52 ChileCo (2%).. 42% Chr! B (1.20). 66 Chrysler Cor (3) 62% Chrysler pfA(8). 114% City Stores (B).. 61% Cluett Peab (6). Coca-Cola (6)... 129 Collins & Alk(4) 102 Collins&A pf (7) 109 Col Fuel & Iron.. 84% Col Gas & E1 (6). 91 Col G&E pf A (6) 108% Col Carbon (4).. 92% Com Cred (1)... 21% Com Cred pf 6%. 85% Com Inv (3.60).. 56% Com In Trpf 6% 94 Com Solvents($) 166% Com Powr (2%). 66 Congoleum-Nair 7% Cong Cgrs(t4ls) 824 8l% 81% Con Cighrs (7).. 84% 84 84w Consol Distribut % % i Consol Gas (6).. 117% 116% 116% 103% 103w 109 109 114l 11a% 6k 61% % 1% 128% 128% 101% 102 109 109 | 20% 21% | BBl 88Y | Rub 18t (8). 102% Smelt (3%). 4% Smpt (3%).; 51% U S Steel (7)... 149 U 8 Steel pf (7). Un Leat Tob (3) Uni Plo 1t pf(8) 101% Univ Plpe(t2%) 27 166 ConsolGas pf(6) 102% 102% 1023 ConRRCuba pf 6 71% Consol Textlle. . 3% Cont Baking B.. Cont Bak of (8). Cont Caa (6).... Cont Insur (6).. Contl Insur (n).. Cont Mont (8ue) | Corn Prod (13). Coty Inc (16)... CrueibleSteel (6) Cuba Cane Sugar Cuba Cane Su pf Cuba Company. . Cuba R R (4.80). Cuban Am S (1) Cuban Dom Sug. Cudahy Pkg (4). Curtiss Aero. ... Curtis A of (7). Davison Chem. . De Beers (a2.90) Deere&Co pf (7) Del & Hud (9) . Del L& W (17). Detroit Ed (8). . Devoe & R(2.40) Diamd Mtch(8) 95% 96 84% 8% 4 324 324 8T BT 10% 338 91% 11 65% 30% 80% 2Th 2TH 91 93 21 21 1% 11% 51 52 61% 623 116 116 401 424 32 32 117 117 183% 184w 137 139% 163 163 41 4l 1374 137% 116 0% 32% 17 184 1374 163 41% 137w tria, 14.10; Rumania, .62%; Argen- 42. Brazil, 12 Toklo, .37; ghai, 63.62%; Montreal, 9.95 15-16, A new Philippine company has just sarted a trans-Pacific radio service. 19% 19% 2% 2% 13 13 6% 7 9 10% 60 60 Dodge Bros C) A Dodge f (7).... 2% Dome Mines (1). 13% Dul $S & Atlan. 7 DulSS & Atlpf. 10% Dunnill int (4),. 60 204 Middle States. .. Mid States O1l et Midland pf(t12). | Mitler Rub (2) Minn & St Lout Min St P & SSM. Mo Kan & Tex. . | MoK & T pt (8). sourt Pacific. ssourt Pac pf. i utana Pow (5° Montgmry W(4). Moon Motor. ... Mother L (60¢). Motor Met (3.60) Motor Whi (2).. Mullins Body Murray Corpn. . Nash Motor(15). Nat Acme (sta). Nat Bellas Hess. Nat Biscuft(17). Nat Cash R (A)3 Nat City Bk (20) tl Dairy (3) Nat Distillers. at Distillers bt at Enam pf (7) Nat Lead (5)., . Nat Lead ptA(7) Nat Pw&Lt (80¢ at Radiator(3) Nat Ry Mex 2d. Nat Supply (16). Nat Surety (10) . Nevada C(1%4).. Utah Copper (6) 149 Utl P&Lt A (€2) 29% vanadium (14 van Raalte pf Vick Chem (4 Victor TIk Ml Victor cv pf (6). Victor vr f (7). Va-Caro Chem. . va-Car Ch 6% pf Vivadou (b10)... Vulcan Detin. Wabas| ward Baking B. Warner Pl A... Warner-Quin(2) Warren Bros rts. Wark'&Pipe Cor. Web & Hell. ... . W Penn EI pf(6) W Penn Bl of (1) West P Po (6). . West P Po pf(7) w. DairyA(4) ern Dairy B won Maryland. West Md 2d pf. . West Pacific. tn Pacific pf West Union (8). Westhse A B(2) Westingzhse (4). ‘White Eagle (1). White Mot (2).. ‘White Rock(13). White Sew Mach 107 1024 13% 4T . High, 136 45'% 1647 126 604 108% 61% L1839 d2h o4 98% 28% 11o% 191w 60 54 9% St9 EE 12 T 2% 148% 10% 6% 115 B0 Low. Close. 36 CAPITAL TAKES INSURANCE LEAD Washington Tops Nation Per Cent, Survey Shows. BY EDWARD C. ST Sales of ordinary life ineurance in the South Atlantic States show a slight gain in November as compared with the corresponding month of last 'year. November sales 4n this section to- taled $58,527,000—a gain of 1 per cent over November, 1926, The District of Columbia leads this section and all the States in the country with its high monthly gain of 33 per cent. Virginia follows with an increase of 12 per cent. For the first 11 months of the year North Carolina shows a gain of 10 per cent, leading the section in the ar-do-date increase. Carolina_ also leads for the month period ending with Novem- with its increase of 9 per cent. The section as a whole showed a slight loss for this period. Banker Predicts Prosperous 1928. In speaking of the prospects for 1928 in the National Capital. Howard Moran, last ar's president of the District Bankers' Association, today called attention to the fact that the vear has seen the fulfilling of predic- tions made at the start, that business along some lines would not be quite as good as in the previous year. “It is evident,” the veteran banker said, “that the public and business took heed of the warnings made at the be- ginning, and it is probably true that the care which was exercised by peo ple during the year enables many to do better than had been anticipated. The result has been good. “We should begin 1928 with the be- lief and hope that we will gradually | return to our peak year 1926 and per- efficient than heretofore. “Washington has by no means fared badly, and all should do even better in 1928, gress is going on rapidly with the new building plans; prices down locally, which insures a larger market, and a general awakening by our citizens to our needs from a civic development standpoint along practical and busi- nesslike lines, we should be able to ress and prosperity. Metropolitan Declares Extra. The directors of the National Met- ropolitan Bank at a meeting yester- day declared a 1 per cent extra divi- dend. No regular dividend is due at this time, The board also voted a Christmas bonus for all the employes of 5 per cent of the past year's salaries, George W. White, the president, announced today. The bank will have the usual Christ- mas party in the lobby on Saturday afternoon, when Santa Claus will take charge and the whole- staff make merry. North Capitol Boosts Surplus. At its regular monthly meeting the board of directors of the North Capital Savings Bank declared the usual semi-annual dividend of 5 per cent and votea a transfer of $5,000 to the surplus account, making a total capital and surplus of $150,000. In addition a Christmas bonus has been distributed to the employes. The bank has recently completed remceling the banking room, remov- ing the bookkeeping department to the second floor. This has increased the size of the lobby, the officers’ quarters and the tellers’ cages. Other Dividends Declared. At a recent meeting the board of directors of the National Capital Mortgage Co. declared the fifteenth quarterly dividend at the rate of 8 per cent a year for the quarter ending December 31. The board of directors of the Amer- ican Bond Co. has voted the regular dividend of 2 per cent for the quarter ending December 31, payable to stock- holders of record December 20. A dividend at the regular rate of 8 per cent a year on the preferred stock has been declared by the Fed- eral Capital Hotel Co. of Washington for the quarter ending December 31. Bank Party Complete Success. The staff of the Federal-American National Bank had their annual party at the Columbia Country Club last night. The wives were invited and about 100 guests sat down to the tur- key dinner. D. C. Smithson, one of the bank’s veteran employes, was San- ta Claus. Miss Leona Anthony, re- tiring president of the bank’s social club, made the arrangements ‘and pro- vided a most pleasing program. Danc- ing was also enjoyed. The employes of this bank have ar- ranged to distribute 19 baskets on Christmas morning to people known to be in need of comfort and cheer at the Yuletide season. Christmas Trade Makes Record. Stockholders here will be interested in the following Associated Press dis- patch from New York: Christmas business of F. W. Wool- worth Co. is reported to be of record volume, the gross turnover for De- cember being estimated at about $44,- 000,000, which would be a new high level and nearly $3,000,000 ahead of last December. Business in Christ- mas week, which is generally diffi- cult to forecast, is expected to pass the $19,000,000 sales for that week last year. Executives have been visiting several large stores and re- port fast moving of merchandise. Sales for 1927 are being figured around $273,000,000, which would be a ;‘ewwzreucom' and $20,000,000 more than n f Local Exchange Vates Holiday. The boar'd of goverriors of the Wash- ington Stock Exchange today voted to‘remaln cloded on Saturday, Decem- ber 24. This eans, that the local Doard will' be quiet for three days, opening again on Tuesday. The locai gobernofs outdid the New York Stock Exchange governors, as that body de- Clined' to close on Saturday in spite of p gengrously signed petition. rices on the local board remained steady, today, both bonds and stocks selling at recent levels in moderate trading. New Federal Reserve Ruling. The Federal Reserve Board an- nounces a ruling which give a more liberal interpretation of the bankers’ acceptance provision of the Federal act which is expected to facilitate the financing of foreign trade. —_— 11% 18% 11% 193% Willys-Overland Wilson & Co.... Woolworth (6).. Wright Aero (1) Wrigley (13%). Yale&Town(15). Yellow Truck. .. Youngstn Sh(5). 69% 1 p.m‘. 1561000 2p.m... 1,960,900 dend catee a8 riven in the above atle are (e annual cash payments based on the fitest Quarterly ‘OF ngl v"rly declarations. Unlegs ctherwise noted, ex special divi- than 1 in uo&o . are quurierly B o e T8 % S With Monthly Gain of 33; haps be a little more businesslike and | With the assurance that Con- | report at the end of another year prog- | | PRICES GO UPWAR IN COTTON MARKET Early Decline Is Checked by Trade Buying and Covering. December The Cotton Market opencd steady to- at unchanged prices to a decline n’ 7 points under liquidation of Janu ary in anticipation of notices next month and selling of the later months | which appeared to come partly from | the South. Trade buving the declin 19.23 for A and covering checked | 18.88 for however, 4 net end | owing it the encouraged by the rela- dy showing of the early m Li pool and her more reports from the Lanca- h stated | 15 looked cables { optimistic shire cotton that an impr for after the first of the e market showe firmness Jater in the morning, of ‘covering by a fow shorts sending the December price fp to 19.20, or 12 | points net higher and about 20 points above January. At this premium a few notices made their and the price dropped back, the sale of December reported being at 18.96, or 6 points net lower. er de- liveries, influenced hy the strength of the maturing position and the more favorable reports from the goods | panies; | Co., | ture |of 3% shares for one of FINANCIAL. $30,000,000 FURNITURE MERGER IS ANNOUNCED CHICAGO, December 22 (P).—A 30,000,000 consolidation in the furni- ture industry will give the Albert Pick, Barth & Co. of New York and Chicago control of a chain of manufacturing plants and a string of retail and a wholesale firms, de- clared Ira Krupnick, president of Albert Pick, Barth & Co. yesterday. The consolidation _involves the properties of Irving H. Isaacs and Ben Lauterstein. Isaacs will be president of the consolidated com- Krupnick, vice president; Lauterstein, secretary and general manager, and Albert Pick, jr, treas- urer. The firms in the merger, Krupnick said, include the Carolina Wood Products Ci Asheville; Féderal Metal Bed Co. and the Montauk | Metalic Bed Co., Hoboken and Brook- | lyn; Sterling Piano Co., Federal urniture Factories, Irving Furni- ture Factories, the Rookford Sales | Roessler Furniture Co. Stuart Furniture Co. Roessler- Stern Furni- Co., Stua rniture Co., the Outlet Co. and um Ludwing Furni- ture Co. DIVIDEND BOOSTED. NEW YORK, December 22 (). Continental Insurance Co. declared semi-annual dividend of $1 on the new | $10_par stock, exchanged on the baxis | par, | able January 10 to stock of record De- cember 31. This places the stock on an annual dividend basis of $2, equi {lent to $7.50 a share on the old stock prior to the split-up and which paid $6 annually. | | i To Ask for trade, sold 4 to 7 points net er. January advanced to 19.0 but eased y near realizing. ‘he marke was net unchanged o 2 p 'WHEAT GOES LOWER ON BEARISH REPORT! Figures Have Depressing Effect on Prices. By the Associated Press. CHICAGO, December prices averaged lower ez flecting bearish figures in the Gov- ernment report as to acreage and con- dition of the domastic Winter crop. Increasing shipments of wheat frem Argentina were also given notice. Starting at % to % decline, wheaR later held near to the initial range. Corn and oats were firm, corn open- ing unchanged to % higher and sub- sequently showing slight general gains. Provisions tended to sag. Wheat traders gave particular at- tention today to the fact that the lat- est Government data indicate both that the 1927 acreage of Fall-sown do- mestic wheat is much larger than the total for 1926 and that the condition of the present crop is decidedly above last year and is higher than the 10- vear average as well. It was also pointed out that similar comparisons hold good as to rye. Upturns which took place at times in corn values today were ascribed to predictions of enlarged Eastern de- mand, based on smallpess of the crop this season in States 'from Illinois eastward. On the other hand, a lead- ing crop expert here was out with a statement today purporting to show that, contrary to a somewhat general impression, the surplus-producing corn States this season have a rela- tively larger production than the non- surplus States. WHEAT— cembe: CENTRAL OF NEW JERSEY. NEW YORK, December 22 (#).— The Central Railroad of New Jersey declared the usual extra dividend of $2 a share, payable January 16 to stock of record January 3. Action on the regular quarterly of $2 is due late in January. =S First Mortgage Notes | BEARING INTEREST AT 6% | Secured on Residences in D. C. o VElad GOSQervies Member Mortzage BankOH Assn, of America. ‘Washington, D. C. Ty National Metropolitan 13 13 v Bank i Capital, Surplus & Undivided Profits, Over $2,000,000 » e 15th St., opp. U. S. Treasury Sensible Xmas Gifts QA Xmas Savings Account is a practi- cal gift for son or daughter—and one that has great po- tentialities for shap- ing their future. s U®One Dollr or more will open an Xmas Savings Account. 3% Paid on Savings mmmmwmwmmmmmmmmm B Sy S Sog e e Ty e, Sege S e S e e o e o =% ! == noon under | Winter Crop Acreage and Condmon‘ Mortgage Money Main 1016 CHURCH LOANS S S tions—Phone Mortgage Money Loaned at Low Interest Rates Economie Conditions Tyler & Rutherford Loan Correspanacnt Mutusl Bene 1520 K Street Main 475 LOANS ON HOMES Prompt Anenllon Given AN Applications, 5%% Interest Run for 5 vears without curtailment. Wm H Saunders Co , Inc Founded 1887 1433 K Loan Correspondent for the Provident Mutual Life Insurance Company of Philadelphia When you apply to us—is to know at once that your application will be acted on without delay and that sound security will command immed; ate funds. considered. Low Interest Rates and Commission MONEY Both finished and construction loans Immediate Answers on Applications B. F. SAUL CO. Main 2100 925 15th St. N.W. TO LOAN on Real Estate in D. C. and Vicinity LOWEST INTEREST and Commission Applications for Loans —on Real Estate in District of Columbia and vicinity, receive prompt attention at our hands, and loans are made at Lowest Interest and commission. 1 Come in and talk over your refinancing matters with us. ownership and management as The Com- mercial National Bank. Our 6% FIRST MORTGAGE NOTES are Excellent Investments. Sold Out- right or on the Monthly Payment Plan. Conference and Correspondence Invited The Commercial National Co. Paid-Up Cash Capital, $700,000.00 Commercial National Bank Building, 14th and G We’re under the same Over a Third of a Century’s Experience Inexperience —entrusted with prop- erty management— cannot upon to produte maxi- mum income on rent- able property invest- ments. tial experience we add —as trained means and methods. ‘B F. SAUL. CO: be depended To all-essen- managers—well efficiency of 925 15th St. NW. maining idle? Your January Problem of Re-investment Now HY wait until your securities and dividends maturing in Janu- ary force you to reinvest quickly in order to keep your funds from re- Now, with two weeks still before you, consider the high factor of safety and attractive yield of Swartzell, Rheem & Hensey Compmys offenngs = and make your reservations of these sound 6% First Mortgage Notes., In this way you will be able to turn over your funds into profit-producing sccurities at once, without the loss of a single day’s interest. Thcse securities carry the recommenda- tion of a house whose investors have never suffered loss in fifty-cight years. Swartzell, Rbeem & Hensey Co., “Mortgage Bankers T27151h. Street, .V, WashinglonDC. 58 Years Without Loss to An Investor