Evening Star Newspaper, December 28, 1927, Page 14

# 0., WEDNESDAY, DECEMBER 28, 1997, FINANCIAE. GRAINS SCORE GAINS | ot IN TODAY’S DEALINGS - « THE EVENING STAR, WASHINGTON, D STOCKSGIVEWAY FINANCIAL. NEW YORK STOCK EXCHANGE Received ‘by Private Wire Direct to The Star Office. i 14 NEW BRANCH BANK Promot Action b Mortgage Loam' Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. THRN v v o Yotk N Never T L The hoard ol iteiioes Rave o aleq § tarieen ver cant, 1} AR b (s At b i Ao pretriad v g i Tt haif i OPENS TOMORROW Farmers & Mechanics’ Ex- pands to Wisconsin Avenue and Warren Street. : BY EDWARD C. STONE. 4 It is announced by Harry V. Haynes {that Washington's newest bank, the Ibranch just erected by the Farmers & S Mechanics’ National at Wisconsin ave- *nue and Warren street, will be opened ifor public inspection tomorrow from 9 o'clock in the morning until 10 p.m. -and will be formally opcned for busl: ness on Friday at 8:30. The public in the new branch bank's territory has been invited to attend the opening “and bankers from a host of other IWashington institutions also have heen asked to visit the new quarters. .An orchestra has been secured for the Pminiient Haynes calls attention to the opening of the main bank 113 years agzo and hopes that the opening of the branch will be as important in the section which it is intended to serve. The new bank is one of the finest from an architectural stand- “point to be found in any suburbs in this locality and has every con- ventence for the conducting of busi- <pess. W. Edmund Freeman will take charge of the branch and a corps of *experienced assistants will go there . from the main office in Georgetown. The bank has already begun serving “the public, having opened its Christ- mas Savings Club in a nearby store " on December 1. Regular and Extra Declared. 2 The board of directors of the Na. tional Bank of Washington at its ! regular meeting today declared the usual semi-annual dividend of G per ‘ cent and also an extra disbursement of 1 per cen:, both being payable on Open. High. Low Close. 116% 160 145% 148 | Cudahy Pke (4). AbranmaStraus 110% 112 110% 1104 | Curtins Aero. ... Avrasuras 120t 111 11 111% 111% | Cushman's (443 Adams Ex (6)... 185 185 185 185 Adv Rumiey.... 13 1% 13 13w | Davieen Chem. - Adv Rumiey of. 39 39 35w 38% | Deereduo of Ahumads Lead. 3% 3y uw | Do & dud (). Air Reductn(17) 184 184~ 184 184 | P& W (1) Ajax Rubber.... 1 12w 1% 1 fDRG Wetof.. Alaska Juneau,. 1 1 awlDaoiBy e . Aibny Pap pf (7) 99% 994 | Hlama Michi(8) Allied Chemn (8) 136's 156% 153 153 | Dlamd Mich(h). Allls Chatm (6). 1164 118% 116% (17 Amal Leather... 12 12 12 12 Amerada (2).... B0 30% 30% 0% | Dome Minens ui). Am Agricul Chm 204 204 19t 19% | B S EG Atln. Am Agri Ch pf.. 70 63w com | DUODIE L0 C0 retEal o $0% S0 | DuPont deb (8) i LI 18 18 | buquesne of (73 Am Beet Sug pf. 89 :5:‘ R tRABIe) Am Bosch...... 200 | Am Br Sb (§1.60) 219 | Bastman pt (7) Am Brown Bov. 1oty | taton Axie (2).. Am Brown Bo pt 59's | Kisenlonr & Bro. Am Can (3)..... Am Can pf ( Am Car&Fdy Am Chatn pr ( Am Chicle «3).. Am Drug (80¢). Am Encau (2.40) Am Express Am & For Pow Am&Fo Po vt ( Am For Powr rts Am Ho P American I J . Am Internati(2) Abitibl Pow(6). 1w 094 99% 99 7 13% 52 mn . 1o% 1sh 52 52 168 168 168 24% 24% 24 * 1087 103 1U8' X o 68 B0 84 108 183 245 246 46% 47 134 113% 108 ErieStmS cfs 34 Kureka(ft4%y).. Fairbanks Co. .. AmMa&Fy pf(7) 245 Am Metals (3).. 6% AmMetals pf(7) 113% 113% 1 Am Plano....... 21 21 21 Faiwbanks Co pf. Am Planopf (1) 85 83 88 FRIrbanks (3). . AmPo& Lt (f1) ©65% 6% 4% udin| kea Ligiinl 40). Am Radiator (5) 1333 153% 133% 133 | kea L&L bt 16). Am Rad pf(7).. 138 139 137% 139 | ed Min pf (7)., Am Repudlic.... T4 7% Tdln 7898 | ved Mot rsve) AmSaf Raz 4% 57'a 584 57 58 | Fid Phoe Ins(5). Am Seaung (14) 40% 4ud% 40 40% | kurtn Ave (sic). AmShip& Com. 3% 3% 3 3| st NawSi1 ). Am Smeltng (8) 184' 184% 181% 1814 | tixk Kubber.... AmS& Rpf(7). 131 132 Lsiia 132 | #isk ist pf (7)., Am St Fdys (3) 66 6% 63% 63% | Flelschmn(t315) AmSuger (6)... 7 79 77 774/ roundation Co.. Am Sugar pf (7) 108% 1083 108% 105's | Koz #1im A (4). Am Sumatra. 62% 2% 62% 629 | FreepiTex(t6%) 179179 1784 178w 4% Dodge pf (T).... 737 | 51 AutoLt (181y) Open High. o4 54% 59 140 47 n7 1837 141 115% 164% 129 274 205 203 1% 1% 2% 28n 16t 16 9k Yl 667 LBl 4l 45h Al Bd% 104% 104% Low Close. 59t "o $22% 118 115% 164 9 174 20, 1ty L8% i 9l ol 4zt 83 ®3h 101% 10 o MoK & T pf (6). Missouri Pacifio. Missourl Pac f, Montana Pow (5* Montgmry W4). Moon Motor.... Mother L «500).. Motion Pic Corp. Motor Met (3.60) Motor Whi (2).. Mulilns Body... Munsingwr (3).. Murray Corpn.. Nash Motor(16). Nat Acme (sta). Nat Bellas Hess. NatBHess pf(7). Nat Biscuit(17). Nat Blso pf (7). Nat Cash R (A)3 Nat City Bk (20) Natl Datry (3).. Nat Dept Stores. Nat DSt 1st (7). Nat Distillers. .. Nat Distillers nf Nat Lead pfA(7) Nat Park Bk(24) 6 Nat Pwilt (8ug Nat Ry Mex 24. Nat Radiator(3) Nat Supply (16). at Surety (10). Nat Tea (4)..... Nevada Ceiig) . NOTex &M (1) NYAIrBr3).. N Y Cent (8) NY C&StL (8).. NYC&StL pf(6). NY Dock....... NY NH & Hart.. NY NH&H pf(7) NY Onté W (1), N ¥ Rallways pt NY Steam pf (6) Niag F od (1%). Norfolk South Nor&Wstn (*10) NorAm b10% stk North Am pf (3) NorAm £d pf(7) North Pao (6)... Nor Pac cfa(5) Norwalk T4 O Well Sup. Omnibus.. ..., Omnitus pf (8). Opnhm Orpheum Cir (2) High. Low. Close. Wik 107 W7 61% 50' 50% 112% e 100% 118% 7 2% 7 141% 141% o0 494 T44% 142 67% 66 22 2214 90% 90% 4% 62% 63% 63 139% 1394 642 6 109% 109% 60 60 62% 614 113%, 113% 30% 104% 104w 994 97y 3% 367 93 1% 4% INLATE DEALINGS Steel and General Motors Slough Off—Rails Suffer in Liquidation. BY GEORGE T. HUGHES. Special Dispateh to The Star, NEW YORK, December 28.—After a day of irrcgular and uncertain price movements, with alternating periods of weakness and strength, the selling got the upper hand in the last hour and stocks came down fairly uni- formly. The low prices of the session were made toward the close. United States Steel, which was heavy all day, was down 2 points, and General Motors, which had been rela- tively firm, lost almost as much. The railroads suffered in the late liquida- tion along with the industrials— Chesapeake & Ohio, Bakimore & Ohio and New York Central. Even the high-priced Midland Steel Products preferred, which was the sensation of v, lost a part of its gain. Corn and Wheat Up on Firm Cables and Bad Weather in - Coarse Cereal Belt. By the Associated Press. CHICAGO, December 28.—Influenced by relative firmness of Liverpool wheat quotations and by unfavorable weather in the corn belt, grain prices tended upward early today. Buying, however, was chiefly of a scattering character. Opening at % to % higher, wheat later scored some additional gains. Corn started unchanged to 3, up, and subsequently made a mod- erate general advance. Oats were firmer. Provislons inclined . to sag. Advices current today from a rec- ygnized trade authority said heavy European requirements for wheat dur- ng the Winter and Spring are con- firmed and will have to be furnished ‘rom exporters’ supplies, which. how- sver, also are large. According to this same source of information, though, -he requirements may offset the avail- able supplies unless Argentine ship- ments should prove to be of sufficient volume to overwhelm the buyers’ market. In addition to adverse weather like y to interfere with the movewnen: of orn from rural districts. comparative smaliness of receipts today at leading Nz ly the xreatest interest at- hed to the action of United States teel, because of the announcement after the close Tuesday of the elec- tion of J. P. Morgan as chairman of the board. Steel stock opened frac- tionally up, but quickly secld off, ab- dicating its leadership to other fav- orites. The feeling seemed to be tnat all the “news was out” with regard to Steel, for the time being at least, and there was nothing more to stimulate speculation. Moreover, it was begin ning to be realized that the talk of ad- ditional stock dividends, split-ups and other “melons” was likely to remain talk and nothing more. Market Has Sensations. The market did have its sensations, however. All the local utilities were bought at rapldly advancing prices, all of them at new highs for a decade or more. Brooklyn Edison at 219 erminals gave considerable strength it times to the corn market. Corn arrivals at Chicago today were of only fair volume, 198 cars, and at Kansas Jity and Omaha were but 38 cars and 71 cars, respectively. COTTON GOODS ACTIVE. NEW YORK, December 28 (Spe- clal).—Cotton goods markets were moderately active today at unchanged prices. Print. cloths were quoted at 815 for 64x60s, and at 9% for.68x72s. Raw silks were unchanged in an active market. RUBBER STOCKS DROP. NEW YORK, December 28 °(#).— Rubber stocks in London on Decem- ber 24 totaled 63,397 tons, a decrease of 1,364 tons from the week before. 1010 Vermont Ave. 1st Trust Loans Any Amount D. C. and Montgomery County Large Construction Projects FRED T. NESBIT 9392, APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs of Montgomery and Prince Georges Counties, Md. %% INTEREST Apdly to H. L. RUST COMPANY LOAN. CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY of AMERICA 1001 15th Street N.W. Main 8100 24% 256 4% 178 174 1714 1715 | Gadriel Sn (34) 4 25 12m 12w : 3% 172" | Garaner Motor.. 13w Ls e eronte) 11 s A2 | ossiamrances. o1k st 818 6i%| OvnSten Am Typepf (7). 111 111 111 . 111 |Gen ATCpL(7). 110 110 110 110 |Otis St prior(7) AmW W (mB0c) 8% 59% b8 bow|USD Awbbalt.... 30'% 1% 9% 79% | OutletCo (4)... AmW Wks p(8) 101's 100% 101% 1015 | GeD ASPb DF (5). 12433 1241y 12433 124% | Owens Bot (¢Hé) Am Woolen..... 20 204 i e B B8 Pac Coast 1t Am Woolen pf.. = ).. T % 71 71 | paoineq i derd i 0 Gen Koo (16).. 132k 135 132 1321 | Sac e Uam 3). i We e hiat Gentiiec ni6uo) Lim 1l ilw 10 [ pad T, & e 1) Feseicirny D OAAtoLs) ow 35 04 85k | backard (3)-..- . in 4 Gen Mot (17%). 135% 138% Vi o1 led success. Anacond: . 57V =~ cene every prospect of continu ). o3 | Gen Mot bf (7). 126w 125% 1258 1234 Hll s TR L) Railroads Report Earnings. ArmourDel pf(7) GenVutdr Ad(3) Gl 51% Pan-Am Pet (B’ Net operating income of the South- | armourofill(A) GenQuudra (). B8 58 5T 57% | jan.Am west o * ern Railway System for November de- | Armour ofill( B) Gen BLlR s, 11T 118w 1164 117K penandle. ..., Clined to $3.685,598 from $3.742,079 & | Armour 111 pf(7) Gen Refrao (3). 72% 72% 70w 71%| parmueram (18 e oo and for 11 montha of 1927 10 | Araard Coabc Gillette SaR(15) 101% 101 1014 101% | park & Tiifora. | $38.971,106 from $43,436,972 in the cor- | Artloom (3). Gimbel Bros.... 36 36% 3.% 364 k responding 1926 period. AsSo Ury G (23%) 47% » November surplus of the Chesa- [AssoDG ist(6) 111 peake & Ohio fell to $1,229,217, after | Asso Oil(f3.20).. 40 charges and sinking fund require- | Atchison (110) ments, from $2,662,080 a year ago,|Atchison pf (b but surplus for 11 months this year | AtiCoast L(110). was ahead of the same period of 1926, | At Guir & Wi.. $26,956,906 against $26,405,832. Atl Refining (4). 106% 106% 1054 105% November net operating income of | AtlasPowder(4). 64 64w 64 64 the Pennsylvania Railroad dropped to | Austin-Nichols. 4% 4% 4% 4% $6,114,830 from $10,501,001 in Novem- | Austin-Nich of.. 234 234 23} 23% : ber, 1926, and for 11 months this year |AustrianCr4.52. 74 74 78% 173% LT T e e o A HE L K riod last r. P A ) Baldwin L (7).. 254 260, 254 2581, | 3t NO pEof8(b) | ohe directors of the Continental ) Barracs bn(d) 120 120 120 120 |Gop WoaB(1.400) 6)... Ey ' Trust Co. yesterday voted a quarterly e ‘:&“ o Trust Co. sesterday voled & Quartetly | Bato & Obpt (4. 82 82 82 |Yreencanaa.... L 1dividend of 133 per cent, : & Ar (3%) 6! 69% 69 69 | Gember 31 to ‘stockholders of record | b omarse iy, sor 55 (52 (80 |GuirSuaeesis 5o on December 28, BankofMan(16). 590 590 490 090 Hrto B b10% stk A semi-annual dividend of 4 per cent | Barnsdj A(b2%) 25 254 24% 4% | HavEl Ry pf16). { was declared by the Richmond, Fred-| Bayuk 1stpf (1) 108% 109 1084 109 | Hershey Corp. .. ericksburg & Potomac Rallroad, Pay-|Geacon Ofl ..... 15% 15% 15 15 |Hershey pt. _ i able December 31. The road has beeh | Beech Creek (2). 44% 4% 44% 4% | Hershy prpf(6) I paying semi-annual dividends of 31 | Beechnut(73.60) 68% 70% 68w 69 | Hollander & Son 15% 18% 18% 18% | Household (14). 55 55 6bW 554 | Houston LI, y Howe Sound . iof 50 cents per sbare on common | Beth Stl pf (1).. 119 119% 119% 119% | Hud Man (2%). ‘stock in addition to the usual quar-|Bicomingdale... 45 45 44 44 | Hud Man pf (5), terly dividend of 50 cents a share ON | Bon AmICl A (4) 67% 67% 67% 674 | Hudson Mot (5) 50Y 80% : common and 13 per cent on the pre- | Booth Figherfes. 5 5 5 5 | Hupp Motel. a3 35 “gerred stock. The dividends are Day-| Botany C MillsA 20% 20% 20% 20% able January 25 to stockholders of| Brigga MfgCo.. 234 23w z2% 2z |IllinoisCen (7). 13¢ 1344 record January 6. British Empire.. 14 14 1 1] i0depOil (1) 26 26 of the Terminal Refrigera- | Bkin-£dison (8) 210% 219% 210 216% | Indian Mot (1%) 44k 44w tor & Warehousing Corporation have | Bkiyn-Man (4).. 56 56% b6 566 | Indian Mot pf(7) 98% 98% declared the regular semi-annual divi- 84% B4l 84's 84's | Indlan Refining. 9 dend of 3 per cent, payable to stock- | Bklyn Ug Gas(5) i51% 155% 1514 16 | Ingersoll Ra(16) 92 holders of record at the close of busi- lm:s}u 2% 49% 50 sk ness yesterday. The dividend is pay- | Brunswick B (3) 33% 33% 33 e Bull Bochab((y Ton 19w Ton Chairmanship, |Bu ( S (e SBRS e pulls St BataSusqpf (4) 52 52 51 B e necs | Burns BrosA(8). 994 99% 994 m'ml 4 'h”“m s all’ conineotion Burns Bros (B). 18 = BurnsBros pf(7) 99% 109% 1094 with the First National Bank of Jer- Int Coment (4).,. oy Gy by vediguing Trom (he shale Burroughs Ad 14 144 ) ) 56% 56 66 Bush Term (g2). 61 61% 60% 61% | Int Cement pf(7) 1084 1084 1084 108 manehip of the board and selling his | Bush Tor de (7). 1104 110w 1094 1091, | 108 Com Kog (2) 66% 57" bia 06 inority stock interest. This action | guen Trm pf (1) 116 5% 1154 | Int Gomb ot (7). 105 Selows s iy 5t | Butte Cop (6ve). Int Harv (36) in favor of Kelley Graham a year 2g0. | gyceogSuper (2) In his announcement Benator Ed-|gyer g Co...... wards explained that he wished to de- | griprogibosiis vote more of his time to the New Jer- | Jiie'packg (43, sey Bankers’ Becurities Corporation, | Calst Petm (1), which was organized about six months | Cg)ianan Zine. 280 by himself and several others, L C. C. Grants Long Lease. The Interstate Commerce Commis- Otis Elevator (6) Otis Elev pf (6). : 14919 149 J"l!ll"::nbt:k's employes were granted additional compensation as an expres- sion of appreciation by the officers and directors for the faithful service ren- dered throughout the year President George Starkey _re- _ ported that the oldest bank in the Dis- trict of Columbia had enjoyed a pros- perous 12 months and added that it is now beginning its 119th year with was up over 8 points, Brooklyn Union Gas at 155 had gained over 4 points, while Consolidated Gas was showing a rise of 2 points. As usual, reports of consolidation in some form or other were widespread. Products preferred The Sun Life Insurance Company of America Will Finance Mortgages on Residential Property (In the District of Columbia and Nearby Suburbs in Montgomery County) Without Commission or Bonus i 5 % Interest Under our plan Life Insurance for the full amount of the loan is required to be taken with.the Company at the time loan is granted. The net cost of such Insurance is extremely low and in most cases is.completely offset by the savings of the usual commission charges for making real estate loans.. In the event of the death of the borrower the Life Insurance pays the mortgage and so you : Leave Your Family a Home—Not a Mortgage YOUNG & SIMON Authorities on Insurance Leopold V. Freudberg, Manager Life Insurance Department 3rd -Floor, Woodward Building — Telephone Main 5180 General Agents for SUN LIFE INSURANCE COMPANY OF AMERICA Incorporated 1890 Midland Steel performed spectacularly. Seldom even in this market of wild fluctuations has there been anything comparable. The stock had closed at 27%, which repre- sented a rise of 221 points from Sat- urday’s close. ,Advancing bty leaps and bounds it crossed 300 and then went 15 points farther until it was showing a net gain of nearly 42 points on the day. The market was so ex- cited that variations of as much as 4 points between sales were noted. No explanation that concerned itself sole- ly with trade conditions was at al! adequate for this phenomenon. Irregularity Elsewhere. Elsewhere in the market there was irregularity. General Motors sold off in the early trading and then more than regained the loss. General Elec- tric was very strong. Christie Brown was another specialty to sell at a new 1927 top. Railroad shares felt the in- fluence of the depressing November earnings statements and yet they were not weak. In fact, in the after- noon some of them showed advances. New York Central was well bought and Baltimore & Ohio sold off only fractionally despite its heavy loss in gross and net. One direct response to the news was the b g of Pan-American Petro- leum “B.” Action of the Mexican Chamber of Deputies on the ofl and land bill was interpreted as the begin- ning of better things for American ofl companies with interests in Mexi- co. The stock gained between 2 and 3 points. Except for the New York City Elec- tric Light & Gas stocks, the market turned somewhat reactionary in the afternoon. Trading was in smaller volume, Steel yielded, but General Motors held generally fairly well. The sugar stocks did Dbetter, especlally Cuban-American Sugar and South Porto Rico. White Motor was a fea- ture on the side of advance. Gimbl Br of (7). 4% 47 43 r Ce U0 01 g [ghddenCo.. 0 4 e len pr pf(7) 214 | G014 Dust (3 1927 193% 192 192% (i00drich Ru ( 95% 20% 943 T2 91% 91 110% 110% 66 o4 97w 9Th 9% T9% 9% 9w s Pathe Ex A (4).. Patino 1a2.10).. Peerless Motor. . nDix Cmt(2) Ponna RR 3%) Peoples Gas (8). Pere Marq (18).. Pere Mara pf(5) Pere M prior (8) PhilaCo5% pf2% PhilaCof % pf(3) Phila& RCI... Phila&RC&I ety Philtp Morris. Philiips Pet (8). Phoeniz Hostery Plerce-Arrow . o8 o8 Goodyr 18t pf(7) y8W ugY Gothm Hos $235. 79% 79% Gothm new $215. 80 80 Gotham H pr(7) 118 118 Gould Coupler A v% 6% Granby Con Min 42% 43 GriNortb pf () 98 u9u 12674 126% 9% 97% 99 99 48 48 52% 52w 38% 381 384 384 424 98 964 2% 364 36 1384 139% 564 bz 204 674 36 73% 73% 1014 10U 82 s2 38 4% 4% 01% 101% 32 32 65% 65% 157% 160% 46% 46n 50% 51 891 89y 654 65 157% 167% 4% @ e . PorRIcoTobA (7) Porto Rico To B. Postum (6) ... Pressed Stl Car. Pr 8t] Car pf (7) Prod & Refiners. Producers&R pf. Pub Serv NJ (3) Pub Serv of (6) . Pub SE&G pf(6) Pullmn Corp(4). Punta Aler Sug. Pure Ol (11%). Pure Ofl pf (8).. Purity Bak B (2) PurityBak of(7) Radio Corp of A . Radio C pf (3%) Reading (16) ... d 264w a“ 98% 9 92 564 16 103% 1034 1o 110 2% Bl% 30% 29% 20% 254 112w 1124 947 93% 108 107w 934 90% 65 5aty ek 102 43 @ & i ay 3 2o 834 ' 86 85 3 30% 80w 25 22% L] Inlund 8t (24 67 g?l 48 | 1nlund 8t (33). % 33 |Inland Stipt (7) 1164 116w 17% | nsptration Copr 21 214 751 | InterboroRapTr 31 324 latcont! Rub(1). 21 2iw 9su | Internat Agri... 16% 16% ot Agriculprior 61 61 68 591 Int Bus Ma (5)., 111% 1114 6% —_——— UedCgrst(Csoe) 334 Utd Cgr 8t pf(6) 10844 United Drug (9) Utd Drg 1164 1 20% 20% 30 32 20m 20% 16 16% 91 107Y 105 «o 248 246 243U 434 - e 137% 137% 137 1370 | frorm 18,CPMI3) R e Motor (11).. 6% 1ot Mer Mar pf. o0k 404 Rop ir & 8t) (4. 23% 231, | Int Nickel (3, 8614 86w ) 2 2 1% | Iot Paper(2.40) 734 74y 116% 116% 116% 116% | 1ot Paper pf (6). 103w 103w Calu & Hecla (3) 224 22% 21% zi% | !0t Paper vt 109 109% Can Dry ('3%).. 56 06w 65 65 & Teol (6) 149% 149% Can Pacifio (10). 2124 21 209% 209% | Intertypeit1%), 32 321, Car CI&O sta (5) 104 lod 104" 104 Island Creek (4) 85° 55 270 Cen Ry N3 (113) 301" y NJ Jones Bros T Century RDf (7) B6% 56% 86% 86% | Jordan Motor. . Cerode Pasco(4) 69h 0% 684 68 |\ Cortain-Teea (4) b2k 2% G2k hzw | K40 City South, Certo Corpn(t4) 7k 7% 74% 4% | KanCBowr(4), Chand-Cleve.... 6% 5% 5w by | KeyeerJ (o) Clandier Mot pf. 15w 16% 16% 15w | %oly-Buring.... Chase Nat B(18) 44 545 540 4z | Kolly Tires% pt Chat-Ph BK(16). (68 570 568 670 | Kels-Hayes Chas & UBIO (10) 203% c06' 203 208 | fEennecoLt C &0 Corpn 1), 9% 9% | Kinney bt Chi & East 111, .. KraftCh (1 14) 71 |Kresge c1.20).., Frices on the Washington Stock Ex- | Cbl & Eastlll pt Kresge 58 uf(8) change were sirong again today. Po-| G o WOI!M" 289 2n% | Krens 8 H(h1%) tomae Electric Power b per cent | O O W% b Bn 2% | Kuppenneimity, preferred entered new high ground by z gl i P reaching 105%. Gas stock sold at &5 1h _l"/c 80 011 (T80). . for the first time in several days, Rail- 17w 174 | Lambert Co (16) ay preferred came out at 100%, Mer- 86 4% | Les Tire & Rub, chants Transfer ut 106, Peoples Drug u“" 195 ahllhnuu.;_ et 122% and Union Trust at 305. hn & Pink (3) Banitary Grocery sold up to 105%, Mergenthaler regivtered 104% snd 10 shares of Heal Estate Title & Insur- #nce Co., appeared on the board at 205, Chapinfecks 8 per cent preferred changed hands st 105 Bonds were quite active and main- tained the recent high levels, which sre also right around the highest quo- tations of the year Kresge Opens 14 New Stores, Colline & Atk(4) 1 The K. §. Kresge Co. reports the | Colllnssa pf (1) 109% opening of nine new Gand-10 cent | Co) Fuel & iron. sres end five new ZGcentto§l :J::fir:""‘:fl . o .v;»umf'.‘g:l:‘u:xh.wu- o Dot pavs b | meanarwactay v s . oo i : : Col Carbon 9oty | MoCrory (1 80y, w7 . v B > A g Sl | Mack Truck 8) 1044 .31». POREIGN EXCHANGE. | comgroee's) Py Com Cr pt B (2), 248, | Mucy R «ob).. 286 236 (Quotstivns furnished by W B Hilis &Co) Wy [ Muckey (1)L L1in 11 Nominal €010 Belling checks 5 | Muokay ut ¢ 684 GiYy vl Ty 96 R n Int Mer Martne. Rub 18t (8). Smelt (3%). Sm pf (3%). Steel ()... Steel of (7). Un Leat Tob (3) Unt P1o 18t pf(8) Univ Pipec13 %) Utah Cquper (8) Ul P&LL A (02) Vanadium (14) Vao Raalte pt. 104% 104% 8% Ry 200 200 168% 167\ 26% 26w, 189% (84 4% 4Ty a0y 1104 108% 101 101 764 73w 64% 63w £24 BI% 30 29% 3u% 3N 134 134 88l K6y a3 9% 90 % % 67w 661y 60% B9 244 280 21 201 1024 102 T L6l a8 47 136 43w 20t 104 124w 12w 146% 140 100 100 12 1y 82 kL) Y% 2 60% By a6 65 100 101 56 Rey Tob A(161;) ey Tob B(1634) RichfleldO(t1.15® Rossia ins (6., | Royal Da3 13y, St Jow Lead (13) 8t L& SanFr(8). St L&SanF pf(6) 8t L Southwest . Savage Arms. Sohulte (3% Seabd Atr L . Seab Alr L pf... Seagrave (el 20) Jears-R (n3%) Seneca Coper. .. Shattuck F 0 Shell Un (1 40) Shuber The Simmoni Simma Py Sinc| 464 | Sinclatr pf (8)., Skelly O11 ¢3) ... 34% | Snider Packe Co 82 | 8nider Pk pf. .. 2) 103% 1034 108% 108% 1484 1404 a2 32 65 65 ceccceece % 80 80 120 120 9% 294 Hw 14 4% 68% 58w 73 Tiw 634 634 26m 26% Bi% 82 23w 23w BbY Mo 8% Byy, 654 bb's 0% 704 H3a 113w "o lease the property for %9 years and will pay an annual rental which will ulow the payment of interest and divi- Sends on an issue of $1,760.000 in € per cent bonds and $1,500,000 in § per cent preferred stock, The Beaboard also will pay $1,000 in cash for the common stock of the road, which is to be operated in fu- Sure as a part of the Beaboard system. Local Securities Strong Today. T8 134 Vulcan Letin Wabasn, .. Wabash pt A (8) Wabash B (6). Waidort (1 )., Walworth (1.30) Ward Buking B, Warner PloA... Warner-Quin(3) Warren Bra(15). Warrenist pfed) Warren Bros rts War k&l ipe Cor . Web & Hell,.... W Penn KI A (1) W Penn Wi pt (1) Weat P Po (8).. West P Po ot 1) Weat DalryA(4) Western Dairy B Went Maryland. West Pac .. Waesta Paoifio pt West Union (8). Westhae A bi¥) " 118% 113% 9" 't 34k 83 10 s 1% ) South Py ;g :uulh outh Dairtes A . 1224 1224 | 854 Dairies B 121% 122w | gourh Pac +6) s . Southern Ry (8). it o South ity uf () 6% 6% 6% 264 64% | Loose-Wilo) 800 68% G4i 80 | Loose-W 1st (7) 121 121 128 | Lorillard Co ., 38 3 HYA L Loustana Ull... 10% 10% 109% | LoutsGasA(1.16) 20 2% 78 | Loute & Neaht7) 161% 151+ b | Ludium Breelid) .1 27 THE ancients—or at any rate the Romans— devised highly ingenious systems for supply- ing their houses and baths with fresh water. Uneil the early years of the Nineteenth Century, however, American cities had nothing better than fountains and artesian wells. Not that there were no engineers capable of designing water systems, but that there were no bankers influential enough to raise capital to build them. u‘n:u 109% { Life Sav 41 ) Lig& Myra(f14) 1224 122% 62% B3 | Lik&MyrsB (f4) 122 |22 41% | Lima Loco 61 6l Chry: City Inv Co (10), 146 City Btores (B8), 63 Gluts Peab (6). b0 810G & 8 of 10 Coon-Cols ¢ aeae) St Ml (b)Y, .., St Millg pf (8). BAOICA 1128 ) BtdO1LNJ ) L INY ) 09 100w ible 9% Bew ol (114 at Without copious and unfailing water supply, urban life, as we know it today, would be utterly impos- sible. The House of Hambleton has always had a special interest in water systems and, since the beginning of its banking business in 1865, has spon- " sored many of them in the Eastern United States. HAMBLETON & CO. RstaNished 1305 VoML ADR0 Yom.. L¥INI00 SOUTHERN RUILDING~WASHINGTON, D, C iy Tivon in Ihe atgve 1Al e . & J 1‘}? ..;:.“‘ “r"-"i‘: \'o‘% h .:"T'EM '.F lil".‘? BALTIMONE © NEW YORK * PHILABRLPMIA TR e 1 1™ Mfi.’c’,’.‘w i " .‘.fi! ud5 fireig LW ' ! H;‘ % Nt e White Bagle A hite Mot (¥) 195 Oty 2 bty 1w 0 Studehuker (8). . Studebuk pf (1) Nubmarine Bost Sun O (..., Nupertor N1, ., Hwestn of Amer. Symington.. ... Symington Cl A, Corpn (3) r Willys Ua pf (1) Wilson & o, ..\ Wilsun Co bt A Wilsun & Co pt.. Woolworth (8).. Warthn Pump, . Worth Pump (B) w Aero (1) 6% aw Wriktey (134). THYy 70 [ 100% 99 :alluw Truok, .. [T i e 4 k % 10 170 184 LA N NN LI ETIN b 1w 128y B M ATih 4y 1044 1044 o thw a6 48 b 147 148 4 A 10EY 101 [ LI R Y Mad B Gr (1%) pE1Y onden. ouund . Musiiire oy (3, i (I ) e rlaka, il mark e Wra Ziricn, ren 191k Ll " 1w n N ol TraCo pt (1) BNy Vounkein 8hib), i Ll Pham, alLuow 1dm. o LLLITH00 Manat) Bugar. .. Munati Sukar pf 77 | Mandel (3yy) w1t | Mao 12 Buy 09 | Mun K1 m g 148) Tia | Man Bnire ), 121% | Mareeatho 1), 102 | Murbenn on in | Mar Rock (13% ) A1 | Mwron vary iy Bty | Mathiewon 1e) ., 92 | Muy Dep B | Mayian o0 sty Y B | et of (1 89) uqty v4, 101 | Mox Fetrln (47) 276 810 e G4m | Meatcen Heut & bl 140 | MismiCop (1), 104 104 116 | Mid-Continent LY Boss | S114d10 Biuten P FOY L L T T T B0 [ Midiend pforid) 500 818 26% | Miller Rubber 2w 90 90 VMinn e B bous 3 210 224 MW PANEM of . B3y 102 102 MBIPESRM H(4) o8 L Hiw Molans Ok Cong Ckrni 14t ) Coun Ry&lt 4% Con Crgars (1) Con Cigars of (1 Consol Distribut 1 Conno) (Jas (6),. 121 ConsolOas of(6) 102 . bw 4 e vy [ Bty a0 i b s A%, (13 P ol 2l nw Ihi 4 anly 1 1eh% 12hk LU enk Py o, £TOWH wreaw. 7oty Copenhagen Oulo erown Bl whain NEW e A2n i Ll o crown 26 YORK Vorelgn exchonges tone On centw)y—Grest Britain, de snund, 487116, cubles, 458 11-32; 60 Qay bills on bonke, 4531316 France, denand, 398%, vables, 393%. Italy, demand, §.7%, cebles, 627%. De e nd — Belg un, 18984, Germany 28 %6, Hollund, 4043, Norway, 3 Bweden, 2102, Lenmark, Bwilgeriand, 19 38%; Bpuin Greece, 183 Poland, 1126, Cpechi slovakia, 296%: Jugoslavis, 1.76% Auwrsa, 1401, Rumania, 62, Argen- |6 Vane 47 85, Brazl, 12.00; Tokio, 46.48;" ¢ ‘-u.gm:, 6400, Montreal, 99821816, Cubsn o Bug. PPN P B P P B P P P . P Py P P 16% December 2% (A) 1ot 1abw mixed. Quots: W Cont’) Ins (2), Cont Mont (8ug) 10% Corn Prod (13) 64% Corn Prod pf (1) 141 Coty Ine (16) ... 117% CrueibieStes) (8) be Cane Buger T4 7% he Cone Bu of 20% #% b Company .. 2T% 219 w0 2% 2A4 ”: 102 i T'win City of (1) Underwoan (4) . 104 % 481y 14T P 1010 Bh 6% Unton Carb ) Unlon ON B S