Evening Star Newspaper, February 10, 1928, Page 14

14 *» FINANCIAL.® NORMENTIS AGAN NORFOLK LINEHEAD Other Officials Re-Elected. Good Year Foreseen. Stocks Active. BY EDWARD C. STONE. Clarence F. Norment was re-clected president of the Norfolk & Washington Steamboat Co. at the annual meeting held late yesterday at the general of- fices. The other officers were also re- elected—D. J. Callahan, vice president and general manager; Odell S. Smith, treasurer, and Clarence F. Norment, jr., secretary. The stockholders eclected these di- ors for the ensuing year: Charles D. J. Calla- W Forsberg, ence F. Nor- srment, jr; Willlam E.i neis Saul and Odell S G. CIF on, B. Fra " prosident reported that total net | < during the year were slightly f Jower than last year, being off about 5 per cent. Business was excellent wever, the mew Hotel Cavalier at Beach having been an impor- factor in holding up passenger | " girectors are looking forward | great interest to the opening in April of the Chamberlin-Vanderbilt at I Comfo | International Bank Prospers. | al meeting of the share- rmational Bank has | < bank, of which 1\!1‘.fldl\“l and Austin Ve one of the vice presidents, is pank of doposit, but makes a of nvestment service. From The standpomnt of operations and earn- Ings. President waller told the stock- hoiders, the year has been satis{actory and exceeded the projected estimates ! nanagement. uary 10, 1928, showed resources of $2- §31.353, consisting of cash with otne Banke. '688.113.35; loans and discounts, R 033g8; bonds and investment fes, $1151820.16; accounts e- bie. §171.72805; intercst and divl g?x::sb earnea. 75125, and banking ipment, $6.897.46. mk‘? ser liabilities the ;u;x;poa&yo;spg:.; pital stock authorize 000, g umissued §1.793.600. The outstand- T ctcck totals §1.206.400; surplus an s, $634 628.97; deferred payments P bonids purchased, $44,002; collateral D o $204 653; securities held for cus- $%6350,000, and thrift trust notes, a good year facing o (csshould be nf}'fd‘;nkl‘; that Washington is the American city which is pnrliu\ly]u;; dependent of unfavorable industrial 3 mercial conditions l‘hruughom el Nation. Even a general business tfi; pression would not materially affect pasic prosperity of the Capital. Richmond Bank Ratio Stronger. increase of $19,200,000 in h'roke_n‘ m?xsn for the week ended February 8 ‘n: reported by the Federal Reserve Bm:u late vesterday. This brought the rvg to $3635,020000, a new high record. A further M“elcllmh!m}xzneie Orr\';heB:enslf e tio of the Federal S nk o 'R‘lck*.mond was ret\"en}ssdmi; nt)h%sl ;\zec; : tatement, the ratio 61 d :em from 5808 per cent 10 week pre- Y Total bills and securities held by the week to $59.959.000. T :‘:«:f;m was in bills discounted, lhlcl: stood at $26.590.000. Bankers’ mure‘d Ences bought in the open market totaled £24.590.000, compared with $26,692.000 3 week prev! , Compar T Powever, (otal B hotames were ecnstderably higher, lbrulr‘y 509.000, against $32,292,000 on Fel 9, 1927. " Local Market Strong Today. trading on the ‘Washington xchange today kept prices up o the recent high level. Capital T\‘l:a tion held at 1147, Railway preferre opened +, and advanced 1o 103%, 100 sh: lectric 5% per cent prefe one block :é 108% and ain chang hands at 1247, 7 . ‘ederal-American National Banl lul;.x moved at 341, and National B;l:: of Washington at 310, closing an eig] higher. Title & Investment Co. of Mary- land common came out at 56, Lanston &t 109’; and Barber & Ross at 33%. The remainder of the session was given over v bonds. A small Gas 6 “A .. Washington Rallway &| c 4 at 927 and Wardman Park | s at 96 Will Attend Baltimore Banquet. - | hington Chapter, A, 1. B, will v,x‘:x u‘ delegation of members 0 the annual banguet of the Baltimore chap- ter U be held Lmorrow evening. Among | wnose from here will be L A, Roberts, nead of the L T, Hunton Leith, past pre . Charles D. Boyer, caxnier, Federal-American Bank; Miss Lois A White, Federal-American; Miss Catnerine Krelg, Riggs National, and Miss Mavel V. Royce, Washington Loan Trust. . It was alw announced today that a pwn guests will at- tute banguet as the eommitee of the | ar T not specialty profi Hea' Srock | Blumenthal pf.. | Bush Ter de (7). 109% |Cerode Pascats) 65% THE EVENING STAR, WASHINGTON, D. C., FRIDAY, FEBRUARY 10, 1928, FINANCTATE, NEW YORK STOCK EXCHANGE Oven. High. Low. Close AbItibl Pow(n).. 78 ~ T84 78 © T84 Abrahm&Straus. 101% 101'% 101% 101% Abr&Stras 1%p1 1124 1124 112 112 Adams Exp (6). 290 200 200 390 Adv Rumley... % 14% 13% 1 Adv Rumley pf.. 414 48ty 41 Ahumada Lead.. 3tn 3 3 Alr Reductn(17) 184 184 184 Ajax Rubber 12% 124 1% Alaska Junea 3 Bu 8y Albny Pap pf(7) 108 10813 108 | Allled Chem (§) 155 152% 15: Allis Chalm (6) 122 Amal Leather pt T Amerada (2)... 304 Am Agricul Chm Am Agri Ch pf.. Am Bank Nt3), Am Bk N pf (3). Am Bosch...... Am Br Sh(J1.60) Am Brown Bov. 15% Am Brown Bopf 564 Am Can (2) 81t 107% 1 2% 16% 6l 80 07 Ty 1074 Am Chicle (3).. 244 Am Drug «80¢). Am Express (6). Am & For Pow.. Am Hide & Lea. Am Hide & L pf. Am Ho P (240), Am Ice (1214 Am Internati(2 Am LaFr&Foam Am Linseed Am Linseed pf. Am Locomot(8). 1 Am Mch&Fdy(2) 1 AmMa&Fy pf(7) 112% 1124 112 Am Metals (3).. 434 ddly Am Metals pf(7) 118 118% 118 1184 Am Plano....... 221§ 22 22% 22% Am Plano pf(7). 6y »7 7 Am P& L), Am Radiator «6) 1 Am Rad pf (7) Am Ky Exp. Am Repubiie.... 60y Am Seating (3). 39 Am Shipbldg (8) 105% 106 105% 106 AmShip&Com. 4 4 4 4 AmSmelung(8) 176 181% 176 1807 Am Snuff (12).. 149% 151 149% 151 Am Snuff pf (6). 105 105 105 105 Am SU Fdys (3) 60% 614 60l 60% Am SU Fy pf(7) 1143 114's 114y 114% Am Sugar.. 58w 58'w b6l 56'y Am Sugar (7). 1047s 1047 104% 104% Am Sumatra.... 58% b9 58 o8l Am Tel & Ca (5) 30 30% 30 30% Am Tel & Telt9) 177 177% 178% Am Tobacco(8). 166': 16¢ 164 164 Am Tobaccol3(8) 166% 166% 163% 164 Am Type Fo(8). 115% 117% 115% 117% Am Type pf(7).. 113 113 1124 1124% Am WW&Elel) 56% 57 b6% bbl Am Whise pf(7) 109% 109% 109's 109y z3W 28% u2in 220 bBly b8 19% 18% 18% J 45% 45 Am Writ Pac AmWrPa pf cfs, Am Zine. . Am Ziue pf. Anacouda (3) Archer-Dan (3). 59 59 58 5% Arch-Dan pf (7) 113% 113% 113% 113% ArmourofllitA) 13% 14} 13% 144 Armourofli(B) ¥ Bl T Ba Armour LI pf(7) T7% 8% 7T T84 ArnoldCon&Co 45 45 48 48 Art Metal (1%). 27 27 27 27 Asso Lry Gizig) 44 444 44 44 Alchison (T10).. 1564 1¥6% 185% 186% Atch T&S Ferts. 3l 3ls 3% 8h Atchison pt (6). 103t 1034 1034 103 | AuCoast L(110) 178% 178% 175 175 At Guir & Wi.. AUGuIf&Wl pf, 42 42 42 42 Atl Reflning (4) 96 103 96 103 Atlan Ref pf (7) 116% 116% 116% 116% AtlasPowder(4) 65 b5 65 65 Atlas Pow pf (6) 107 107 107 107 13% 14% 13% 4% Bl By Bl Bl 4% 4 4% 35 3% 35 Autostrap A (3). 45k 45% 45 Baldwin Loc (7) 245 245 242 244 Balto & O (6)... 110% 119% 110% 110% Ballo&Opf(4) 30 50 30 80 Bang & Ar(3%) 76 16 6 16 Barnsdl A(bzlg) 23% 23% 22% 234 Barnsdl B(b2%) 22% 22% 22% 22% Bayuk Cigars... 120 121 120 121 Bayuk 1t pfe7) 109 109 1087 108% Beacon Oll..... 15 16% 15 15 Beechaut (13)., B0 B2% Belding Bros (2) 1% 19% 19% Belg Rys pf 4.12. B6% BEW BG4 Best & Co (3) o7 57 51% O7% Bethichem Steel 61% 614 604 60'n Beth SU bt (7)., 120% 120% 120% 120% ¥5 95 95 95 Bon AmiClA(4) 69% 70 69 70 Borden Milk (6). 169 170% 169 170% Botany C MillsA 20 20 20 20 Briggs Mfg Co.. 22% 2% 221 2% Briush Empire. 3% 8% 3l 34 Bkiyn-Edison (8 226 228 226 228 Bkiyn-Man (4).. 06% 08 Dbl 68 Bkiyn-Man pf(6; 584 XS4 KK B Bklyn Un Gas(6] 165% 155% 155% 155% BrownShoe(z%) 48% 45% 4B 4B% Brunswick B (3) 81% 31% 30% 30% Brunswick Ter.. 16% 16% 16% 16% Bucyrus-Erfe (1) 26% 27 264 26% Bucyruscv (2%) 36% 35% 364 35% Buff REPDI(6) 96 96 96 96 Burns Bros (B), 16% 16% 16% 16% Burroughs(14). 162 162 162 162 Bush Tern (g2), 61 61 6 110% it 41% 4ln 4l 4l 19% B6k 60 60 109% 110% 7% 117% 4% % 4% 125 1% 11% 4T 46 4TYH 114% 111 112% “ kil 3% 26% 26 26w 2% A A 105 102 103% 28 22 ulm 64% 613 64 202% 201 201% 260 257 26T s1% B0% B0Y 121 12% 124% 66% 65% 66 Certain-Teed (4) O9% OY% GHY GHY tain-T 1st(7) 120 120 120 120 Lo Corpn(14) b Bush Trm pf (7) 118 ButteCop & Z... 4% ‘utte&Superz) 11 Butterick Co.... 46% Byer & Co....0s 112 Calif Packg (4). 74 Cal Petm ctfs 26% Callahan Zing 29 Calumet & Ar(8, 102/ lu & Hecla (2) 224 CanDry G Ale(2) 62 Can Pacifio (20). 202% CaseThreshg(8) 257% Cent Alloy (2 B Century Itib 12 hich Miss Mabel V. Royee Among these special 2 Ham! Foster and orris of Baitimore, Miss Jane Willett of | . Todd, New | Gentry, Richmond. | Meard in Financial Distriet. | C in_J against §2,265594 ol 366 per| . | C M&SLP pf cte nt | hrst trading in | wd on the local | | 4 81438 | as come | carnings | vidend puid | 1 numier of Dollars and Aubrey O Dovley of the | ¢ Baunk is edivor, ap- matier, on bing coninibiten on the “layionel Feaeral Juserve fys Maryland Casuslty had ectusl x of 81030 8 shure un 200000 825 pur and sppreciation on yen mmounted W 81381828 1 B underwriting galn wiss 938 come Trom el i ana 811280 repres Wl ruBits from Uie sale uf secur- tiea, . LO%S 18 REPORTED, NEW YORK, Februsry 10 (#) of 8455649 for 1921 burgh denminsl G 1 Bubeaisr painet sk vl W §) 22 @ share stur puelerred Giv Net PRICES ON PARIE BOURSE VAN, Felnusry 10 (A) - Prices de- €l Ssguise Voday. Three per Cenl denter, B9 francs 20 centimes, © per cont osi B Diwncs B0 centines exchisnge o London, 124 frencs 2 cen- Lies A5 dats s |Ch & Alwn e, C s reporied by | S ation | ‘gm dular e u“g w2 P hand-Cleve..., LA % Chat-Ph bk(16) 644 660 644 o8 & ORIO(I0) 190% 190% 189% 1y O Corpn (3). bW T6% 15 Chi& AlOD..00s 0% Dbim Bl By Y Bl 6% 64% 6ay 10% 10t 1 2% 24% 17% 17 2% 82% 1% 1 17 2w B2% 2 IO T 10W5% V0B 1KY 1 1 & Kast 1il pt 64y Chi& Nwn (8)., Chit Jtock 18 (6). CHRI&Ppf(8) Chi Yellow(Ci4), Childs (2.40)..., HeCo(zh).. rist B8 (1.20), Chrymier Cor (3) nl 108, 102 1024 1020 st 47 a6% 47 41% 40w 41 126% 126 1260 61% buv 60y 46% 40 126 1% 58k | o | LAB&Myersis(16) 113 y Buwres (). Tow U % 91 ueIL Keub (b). YA AU Y2 uelt-lea pf(1) 120% 120% | Cols (6). ., 18b% Jihlg ) Colling & AIK(8) 6% i CollinssA pf(7) 1074 1071 | | Wuel & lron. 19 19 78 gy Y% B OT% 10T% 1075 F 94 04 2 22 104% 108% 104% 104, i Bolentn(8), 61 166 161 164G | Com Vow (2'%). R ) | Conne tinst(z), . B e G0% Congoieum:Nair A P 24% 1y V% 1T T ¥2 o MY K2 1001007 100 0% 120% 4% 1is4% e it v 107 | « 6h% by 2 ng Clgars (4). 71 o Clgaratl ). . Cun Clgars pfl) 100 Conmpl Disibut 1 14 ) 1 | Conmol Gaw (6).. V8T VT 186 Ja6n | ConmoiGan pf(6) 101% 101% 101% 1017% | Consol Textile E W W ConliCube pt 0% Cont suke A (4) rm Cant Baking B, . ha Cont Buk uf (8), 06y Cont Can (6).,., iy Cont dnwur ¢ i Wt Mot (8he) Mty arn Fron 14y, 0 Corn g pf (1) 110 "o Coty bne (gh), .. ik Vil Crer Carput Iy 1 Crueibiesniceit® L 23 10% i 140 {Cuba Cane B pi Cubis Company ., Colien Amis 1), | Cutian Am pt(T) | Conun Lum Bug, udahy Mg (6), 667h GBY% H6Y, Costien Aern (1), Sl 614 81, 6] Curtis pf (1% ), 188 188 Jis Ji8 L ] 24y e ity 2 s 08 8 1 N o flun'ln"wl [{ & Davison Chem.., 40% 40% Deere&Co pf(7). 118% 119 Del & Hud (9).. 166 166 Del L& W (17), 132 132 Detroit 54 (8)., 182 182 Devoe & R(2.40) 49% 49% Diamond M (19). 1531 158% Dodge Bros CIA 19% 20 Dodge pf (7).... T1% T1% Dome Mines (1), 124 124 DunhiilInt (4).. 624 62% DuPont deN(10) 330 831% Du Pontdeb (6). 116 116 Duquesne pf (7) 116% 116% I2astman (18)... 167'¢ 168'% Iinton Axle (2).. 28% 28% r}lxanmhr & Bro, 16% 164 Elec Auto L(6).. 117 117% Electrio Boat, 134 13% 31% 32% 123 EIPo&Lt fpd(7) 123 Elec P&LUPL (7) 108 108 kleo Refrigeratn 11'% 11% Elec Stor Bat(b) 704 717 m-Brantgm(A) 8w 8% kEnd-John (6)... T9% Y Engineers Pub S 343 341 Equit BIJR (7)., 102% 10 uitable pf (7). 200% 200Y uitableTr(12) 420 420 52% 52'% o 4 36 2% 2% 8% 18 163% 131 182 49 163% 116% 167% 28 Erle Stm S (2%) Sureka V (t33).. Fairbanks (3) 365 3T% Fed Ligthl.4 5lk Fed L&T pf (6). 101 Fed MotT(f80c). 19% 193 Fid Phoe Ins(5), 203 203 Kirst NatStl4). 321 Fisk Rubber.... 16% Fisk 15t pf (7)., 897 “leischmann(3), 1% Fox Film A (4). son, Film (rts 1% 1% Frank-S pf (7)., 112% 112% Freeport (1% ).. 51 87% Fuller GA prpfd 105% 105's GabrielSnb(3%) 22% 22'§ Gardner Motor., 14's 15 Gen Am Tnk(4). 63 63% Gen Asphalt, 7 105 22 184 63 5% 120 139 0 139% 21'% 21% Gen Cable A(4) 56 57 Gen Cigars (4). Gen Elec (15)... GenElec sp(60c) Gen GasA(ol%) 37% 37% Gen Outdr Ad(2) 46 Gen Ry S1g (5).0 108 109% Gen Refrac (3). 69 694 Gillette Raz (5). 103% 103% Gimbel Bros.... 41% 42% Gimbl Br pf(7).. 96k 96% Gldden Co..... 224 23 Glidden prpf(7) 994 Y94 Gold Dust (3) 96y YTl Goodrich Ru () 89% 9033 Goodyear Tire.. 66% 67 Goodyr 18t p(7) 99 Y94 Gothm Hos 32%. 85 86% Gothm new 32%. 4% 56% Gotham pf exwar 111 111 Gotham H pf (7) 122% 12 Gould Coupler A Graham-Paig, Granby Con Min Grt North pf (6) Gt Nor pf cfs(5) GrtNorO (1%4). 23% Grt Wes S(2.80) 31% 32 Gt West 8pf(7) 117 117 Green Canan.... 130% 133 Guif Mo & Nor.. 46l 47 Guif States Stee) 55 565% Gulf Sta 1st(7). 106 107 Hacknsk W(1%) 256 25% Hanna 1stpf... 178 8 Haruman A (2).. 26% 26% Hartmn B(1.20). 22% 22% Hershey Corp., 83 33 Hers| pr4 1 1% Hershy pr pt(6 3 9 18% v2% bty e W ) 102% 102% Hoe&CoA..... 2T 2T Hollander & Son 30 30% Household (14). 67% 67% Houston Otl.... 131 133% HoweSound (4) 444 4d% Hudson Mot (5). 85 b5 Hupp Mot(1.40). 8% 38% Illtnots Cen (7), 135% 136 11l Cent pf (6).. 136 135 indep Ol (1)... 264 25% Indian Mot (1%4) 39% 39% Indian Refining. 10% 10% indiun Refgctfs 9% 9% Inland St (2%). 7% b8 1 ation Copr 19% 20% boroRapTr. 36% 364 Intconti Rub(1) 17 17 Internat Agri... 14% 14 Int Agricul prior 564 65T Lot Bus Ma (6)., 141 141 ment (4).. 62% 63% int Cement p£(7) 110% 110% Int Com Kng (2) 61% 61% 236 236 (7). 139% 139% Intdtch pf(3.20) 1024 102% Int Mer Marine,. 4% 4% Int Mer Marpf. 374 374 Int Nickel (2)... %1% V4% Intl Paper(2.40) 77% 78 Int Paper pf (1) 107 107% Int Ry CA pf(6). 70% 70% Inter Salt () 66 66 inu Stiver...... 181 151 Int Tel & (6) 142% 143 and Creek (4) 51% O1% Jowel T see MEW BBV Johns-Mansville. 122% 124 Jones Bros Tea, 3) Jordan Motor KCP & L 18t (7). 116% 116% Kan City South, b4 e KanCBopt(4). 71% T% 4 6% 69% 22% 22% 4% 77 23% 2% EbYy KT 4T 4% 95 9b% 66 67% 6% 6T 4% 14% Edn 186% 135 25 39% 10% 9% 5% 19% 44 16% 14% b6% 139% % V! yes (2),. Kennecott C(5). Kinney (G R)... Kinney pt (8).. Kraft Ch (11%) Krenge (11.60). Kresge Dept 8 W (BH) (1), 93 93 ger Grociel) 75% 19 Laclede G pf (6) 104 104 Lago Ul (T6e).. 82 82 Lambert Cotb HOM BE Lee Tire & Hul 19% 19% LehighVal(3'4) »6 e Lehn & Fink(3). 41 a1% Life Bav ¢ Do B4 Bd4 Lk & Myern(16) 112% 112% ns [2] A% 62 4y “2% [ 1% Lima Loco (4).. Lia Carb (3.60), Jwew's Ino (13). [11 [ 6% [ 429 i Lorliard ooy 3% Loutsiana O1} 100 10% Lo Ol pf (6%),, 81 81 LoulsGusA(1,76) 2% 20% Louts & Nush(7) 147% 148 Ludium Bteeltz) #2% 43 McCall Corp (2), 62 MeCrory 13 [t Mack Truck (8). 1014 1 Mackay pf (4).. o0y Mad Hq Ur (%) 26% Magma Cop (8). bi Mallinon & Co... 19% Mullison pf (7)., 905 Munatl Bugar. Man §51 Bup (6),, Man Bhirt (2), Marucuibo O, Mariana Ol Mariin-lock 4 Muthisson AI(B) 12i% )20% Muthieson pf (1) 116 116 May Dept B(4).. Bt iy Muytug (13), ..4 MetroG pfi1.49) an Heah, Miami Cap (1) Mid-Continent Middle Kiates. . Mid Biates Ollat 1% Midlund pfe112) 246 Miller lubher., 24 M HLPAEEM pE, 6t Tl Mo Kan & Ten. . b ity Mo K& Tex pfCT) 10T 107H Missourt Faoifle 44 Abie 44 Miwsourt Fao pf. 107% 107% 107% Montana Fow (b 169 i 16Tl Ly WIB" 14 Ledn 141% bl by 1Y T T 201y 20 L i 01 6% 2% hlty 19% 0% 100% sy 24% bty 1 0 A% 0oy “4 1Y 24 64 Hhn [ Motor Met (4.60) Motor Whi (38).y Mulline Mfg Open. High, Low. Close. 38! 420 1% 286 Received by Private Wire Direct to The Star Office Open, High, % [ Nash Mot (16%) 7 = 87 Nat Acme (sta).. 10% 11 Dairy (3).. Dept Stores. Nat Distilles Nat Lead (6) Nat Lead pfA(7) 139 NatPow&L(80c) 26% Nat Radiator.... 36% Nat Ry Mex 2d., 2% 924 116% Nat Supply (16). 168'% 284 164 o da C(1%4). NO Tex & M(7). 137'% N Y Alr Br (3).. 495 158% 131% ¥ Docl b8 NY NH & Hart. 656% NY NH&H pf(7) 116% NYOnt&Wes(1). 25'% NY Steam pf (6) 101% NY Stm of A (7) 113 Norfolk&W (110) 181% NOTAW DIV%SIK 60T North Am pf (3) 5dw NorAm £d pf(7) 105" North Pac (6).. Nor Pac cfsib) NorthwestTel( Norwalk Tire. Nunnally (60¢).. Ol Well Sup.... OppmCollins(£4) Orpheum Cir (2) 23 Otis Elevatr(17) 1560 Ous Klev pf (6). 119% VusSteel...... 13% Ous Stl prior(?), 87% Uwens Bot e14) 6w Pacitic Gas (2).. 49% Pac Uil Stubs 1% Pac Tel & Tel (7 162 1624y Packard MoL$).” 60 60 Pan-Am Petrolm 40% 40% ran-Am Pet (B). 414 itB, 19 Panhundi e 14l Parmt-Fam(3$). 115 Park & Tilford., 354 Park Utah (3uc) Pathe Eixchang Pathe Ex A.. Patino M (a2.19) Peerless Motor., 17% Penick & Kord. 26 Penick&F pt(7). 106 Penn Dix Cmt(2) 25 Penn R R (3%).. 63% Peoples Gi 8). 180 Pere Marq (18). 126% Pet-Mull 1st(7). 101 Phila&RCL... 8% PhiaCos % pL(3) ol Phila&RC&] et 29 Philip Morris. . ones pt(7 ;hullvl et (3). 200% 52 vz bU% 3% 9 2T% Plerce Petrolm, Pilisbury (1.60). Pits Coal pf. PlisTern C Pitts Ter pr ¢ PILs&W Vas), rorto Rico ‘Tob. . Porto Kico To B. Postum (6)..eee 123% E'res Sul Car (n), Prod & Retluers, Producers&it pt Pub Serv NJ(2). Public Serv ru Fub Serv ptig). 106 PubS NJ pLe7). 119 Pub SEXG pI(6) luvk Pullman Co (6).. »lin Punta Aleg Sug. ¥ Pure Oli (60¢)... 2V Purity BakA(d)., 63 Purily Bak B (2) 130 PurltyBak pr(7) 111% Radto Corpot A. 9% Radlo C pf (3%) 66 RS1UCcIs (4), 1% Reading Ry (4). ¥5% 4 a8k azm Hewlngto-Kand. Hem-Rd 18t(7).. Keo Motora(11). Lop 15 & SU (4). Rep L& S pt (7). Heynolds Spngs. ieyuldeTobl(b) Robt Jteis & Co. Kichfleid VIl (1 108 16).0 1§ Koyal Las.13%. Rutland pt..... St Jos Leaa (13) Stla&sSan ¥ (18) Savage Arms. .. Schulte (3% ).ee Schulte pr (8).0 Seabd Air Line, Seab Air L pt. Seagrave (e1.20) Sears-it (ni) Seneca Copper. Shattuck ' G (2) shell Un (1.40).. Sielair Ol . Skelly Ul (2).e0 Siows-Bhet (6, Snider Pucky Sutder Pkg f..o Bo Lor itio 8(12) South Por pt(¥). Bouth Culif Kd.,. Houth Dairies A. South Dairies B, south Puc (). Southern Ky (8, SouRyM&U cfs ¢ HBpeur & Co. Hpear&Co p Spicer M1 . Bl U & kS (%) Hd Ml (6).uans Blandv Caltz i) SWVILNI (11 4) Sl VINY(L.60) Storlg Prod1). Stewart-war ( strom Car (2 Studebuker (b). Studebuk pf (7). Bubmurine Boat. Bun Ol (n1), Superior VIl Hweels of Amer. Bymiugton, Bymington Cl A, Telautogh (¥va). Luhn Copper (1) Toxus Corpn (8) o Tidewater AsLI TIdWASOIPE(S) Tidewater UL 0. Tide W OI) pE(8) 1004 N 2h% bt 19 [ e 1 “ (BT Tovso Frod A (7 Tob Prod ofs(A) Twin City pt (1) Ldwa- 151 1 (4) 1065 LN 15 Unlon Pao (10). Un Pagifio pf(4) UnitedBin(1.60) ULaCgritCove) Utd Cur Bt pf(8) United Drug 1 Uta Drg 1at € Utd Dyew pf (1 UHC | PaP0) U M Disributing 1§ Hoftman (4) 18 Aloohol (6), B Leather wi, UM Leather A, Lor f(7), Ity (4) FiL 0 h'y 107% ahty 107 I nty ity b Mty b 1t € 1B Hmelt ¢ UMBmpt (b (O PR ETRETY i BB Low. Close. B6% 104 b7 09% 174 b0% 151 139 2% 36% 2% 92'n 305% 21% 137 48% 1674 131% o8 64% 115% 25 101% 113 181% 60 bl 105 934 917 b0 B 35 3% 43 160 119% 120 1004, Al ity 4% Ly B 10m h8Y; 99 174% 50% 9% 2ty 53 s 54 b6 Bl% N a2 26 28% vay 24% ity LIST WITHSTANDS ATTACK OF BEARS Many Issues Go Lower, but Covering at Close Lifts Some. BY GEORGE T. HUGHES. Special Dispateh to Tho Star. NEW YORE, February 10.—The main body of stocks: stood up fairly well to- day in the face of the increase in brokers' loans to a new high record. There were intervals when selling was pronounced in certain directions, but concerted efforts to steady the market in the end were successful. Many issues left off lower on the day, but heavy covering in the last half hour carrfed a number if industrials back over more than the ground lost. United States Steel had to absorb heavy offer- ings and ended lower. Genecral Mo- l.(l;rs was practically unchanged at the close. ‘The latest Federal Reserve Bank statement disclosed that the institution was adhering to the policy of liquidating Government securities in an endeavor to check unwarranted speculation in the stock market. Cash on Hand Gratifying. It had not been expected that the General Motors directors at their meet- ing after the close yesterday would do anything more than declare the regular quarterly dividend and this was re- flected in the action of the stock throughout the session. Nevertheless, the disclosure in the statement that s | current cash on hand approximated $170,000,000 at a time when the cor- poration was entering its heaviest pro- duction season was gratifying to those contending that larger _distributions can be expected later in the year. - Efforts to bring about higher prices for Chrysler based on the revival of the time-worn merger gossip were not meet- ing with the success they had yesterday. Studebaker, retraced part of the amount deducted from the price. When the late favorites showed signs of wavering, concerted attempts to bring about higher prices were set forth in the copper group and they were not without success. It was dif- flcult to see any change in the market for the metal to warrant higher prices &":renliz:?ed s"f;:s. befiv}de;lly operations s n belief t| 3 weze behind solhel’ gmup:." ey merican Smelting at 180 gained al- most 4 points. Anaconda wfis bid up more than a point, Kennecott and Cer- z?‘:elgvn::a a llk‘; Lr:oum. while numer- prices ues shi improvement. aiminll " Steel Opens Down. nited States Steel opened down sharply. It was not until after midday that the unfilled tonnage statement as of January 31 was made public. Es- timates as to what this would disclose ranged from an increase of 300,000 to 400,000 tons. The exact amount of the increase amounted to 303,073 tons. The market for Steel common was little affected, inasmuch as the showing was about n line with expectations. The highly "vulnerable Vanadium Corpora- tion fluctuated over a wide range, but with a tendency toward lower levels. The rubber stocks continued to be in- fluenced by the rather drastic break in crude rubber markets, both here and abroad. This naturally must have its eflect upon company inventories, and this is what the market for such stocks as United States Rubber, down 2 points; Goodrich, off 4 points at one time, and others of the group were reflecting. KEEPS 3 1-2 PER CENT RATE. CINCINNATI, February 10 (#).—The board of governors of the Fourth Dis- trict Federal Reserve Bank meeting here today voted to continue the present ;vl;itls‘«;um rate of 3'; per cent in this rict. SHARON HOOP PROFIT. NEW YORK, February 10 (#).—Net profit of Sharon Steel Hoop Co. for 1927 fell to $555,518 from $1,381,715 in 1926. This is equal after preferred dividends 1o $1.65 a share on the com- mon, against $4.54 a share in 1926, COTTON GOODS ACTIVE. NEW YORK, February 10 (Special).— Cotton goods markets were moderately active today at unchanged prices. Print cloths were quoted at 73, for 64x60s and at 8% for 68a72s. Raw silks were strong and active, TREASURY C (Revorted by J & W Rato~Matu i Mar. TIFICATES. eligman & Co ) High. Low. Clos 200 200 2b% Bl 83y 45 64 Tl Dn G Vietor o uf (6).. Ly Victor pr pf (7). 1084 Va-Caro Chem. . 15% Va-Car Ch 6% pt 47 Vivadou (b10),, 2 Vulcan Detin Vulean Wabash........ Wabash pf (A (5 Waldort (1%).. Walworth (1. Ward C1 A (8 Ward Ba Warner ¥ Utl PELt Ace2). :’[n adium (14). 104 160 ANt King 13, Warka Pipe Cor. Web & Hell,.. .. W enn K1 pr(8) W Penn 161 pf (7 o pf(T) 102 Hiw [T 20 sy EEI Kl 07 160 fn tinkhue (4), DN Westhse 1ut (4). White Mot (3),. took (18) . Hew Mach Wilson & Co pt Woolworth (6) Weikley (1éth). Yollow Truck, .. Yol Tr&Co pt(7) o b (6) #in N 016,600 «LAud 200 M ¥, 16,500 yean in the atu ymein Tasel o Al nalt veurly devlavatinng antrw ur snevlal divk w/ i ey ulur b iy ufl.“.‘.s- [ k'(} VL e . vable 10 casl " alovk i . |i:‘wl ‘!&l‘ i i 8 ACTIVE _STOCK PER SHARE ANALYSIS, What Is Back of Each Share, June 30. 1927 Per share. Total gross nsscts . $67.91 duetions: Unpaid cuarrent bills . woud will ... . capital sfeo age annl.: tock pays divide December oubtful if carni dividend. At 37 wtock yields 51w (Consnlt_vour banker ther information as to viii s t mila cover Ler tor fur. kot this Serapbook this fop guturc refcrence, —_—— Washington Stock Exchange Sales. Wash. Gas 6s “A"—$200 al 105%. Cap. Traction Co.—10 at 1147, 10 at 147 10 at 108Y fd.— 19 at 1237, 10 at S at 34)1: 108'%, Wash. R. & E. p! 35, 6 at 103 Fed.-Amer. N. Ban 34! Title & Inv. Co. Md. com.—5 at 56. Barber & Ross com.—25 at 33!; Lanston Mon.—47 at 1092, 9 at 1091, Pcoples Drug Str. pfd.—10 at 1247,. After Call. Pot. Elec. 5':s pfd.—2 at 108%, 5 at 108%. Wash, R. & E. 45—$1000 at 927, Cap. Tract. 55—$500 at 10 Nati Bank of Washington—30 at 310, 10 at 311, 10 at 310, 6 at 310%, 5 at 310%. Wardman Pk, Htl. 5!,5—5500 at 96%% Wash. Gas 55—$500 at 105%4. Peoples Drug Store pfd.—10 at 1247 10 at 1247. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. & Tel Amrrel s brel 6 b .\m. o & Pot. R.R. Alex. & Mt Vern. ' Alex & MU Vern o < o 1y [ ity w Wash Wash Ruwy Rwy. & Barber & Ro ] Chestnut Farms Dairy, Chevy Chaw Club 515 D¢ Pajer Mfe. 64 P Ld Bk Wash & w Cone Title 104 Wardman Park Hotel 5% . STOCKS. PUBLIC UTILITY. |\“|rln'v|lllv"‘ | o Ry Wash. Rwy & giec NATIONAL BANK Xational Capital i Columbia Commercial District Metronalitan al Bank of Wash . TRUST COMPANLES Soc, & Trust Co.. v Trust T Wash. Loan & Trast...0 SAVI of Bethesda. nerce & Saving Washington. . GHINE o vics o Security Savines & Com Seventh Street.. el States eton Mech. Columbia Title. .. ... Real Estato Title 3 To & Iov Coo of Md com. Wash Cons Title pfd...... 104 Tar « con, tpe. . ¥ nta! Tran & nte' Tran. & Stor. phe i tor. pid Mtge & Inv nfid inles Drug Stores pid urity St anitary Grocery € Ref & el Mter —com W edical BIg Corp Woadward & Lothron pid *Ex-dividond DIVIDENDS. Peo Pave N of ate. riod _ able, - record. — R WA () oo 0 Mar 13 Na x nternation A SUS'A Apr 3 Mar Mir S0 Al . o “( Con Ind 17 Chader'w Suj Dt Southern | Vit Bl i iy LT T TS (O Wl Ry i LTI S)lORT-TER;“ § ”cunmm Heparted by J. & W Seligman § Cod it Py 1N Gy . a B 100 ¢ el Uy dn Mty Hatatan Lty Gl Gy oM luu.\-\ o & i No i Wa it e 110 (i LU i) l Ou W faf VL Ay VAt G U TR Y R AU P (G TR iy N e AL i i Wi oA Ml o Pot. Elec. 5%s ptd.—100 at 108%, 5 at | 13 at | © POWER SALE BAN. 00D TRADE INDEX Gas Consumption Increased. Coal and Iron Status Little Changed. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, February 10.—Improve- ment in business and industrial activity is being strikingly measured today by the increased loads carried by the public utility companies throughout the coun- try. Sale of electric power now has risen to a point nearly 10 per cent high- er-than was recorded at this time last ear. 4 A certain portion of this gain is re- sulting from the electrification of plants which used other sources of power a year agn, but the main portion comes from increased activity of old subscrib- ers. The cost of producing electric cur- rent is showing a slight drop owing to the favorable position of the central sta- tion operators in coal and oil fuel. The advance in the amount of natural and artificlal gas consumed has been even more striking. New pipe lines have found their capacity taxed by the needs of industrial and domestic ciients. The weather has been more favorable for the use of gas this year than last, and the adoption of gas as a fuel for industrial heating has caused a big advance in the | amount consumed. | Service Shows Increase. | The telephone service provided in vari- | sections 1s regarded as an accurate | measure of business activity. This serv- | ice in some sections shows an increase | above 10 per cent, as compared Wwith| February, 1927, | Bullding activity is not any more | strongly marked than a week ago, but the unusual strength of the real estate markets of the country indicates that | building programs comparing most “'i vorably with 1926 and 1927 will be put into effect this year. ‘The steel mills continue to show de- cided improvement. Prices are very firm for most products and an unusual demand 1is expected to come from the rural districts for wire, nails and sim- ilar products. Employment continues to grow in the | automobile factories, but the industry | as a whol: is far {rom being at the peak of capacity production, which many companies hope to reach this| year. Sufficient cars, however, are be- | ing turned out to improve materially | the position of the automobile acces-| sorles producers; to keep the tire fac- - | torles working at a high rate of speed, | . and to influence the situation in some’ — of the textile lines. | The sharp drop in crude rubber, fol- | lowing disorganization in the London | rubber market, offered encouragement to the tire manufacturers. | Comparatively little change took place | i th2 non-ferrous metals situation. The | danger of overproduction in silver. | | lead. zinc and copper still hapgs heav- ily over the situation. Ther€ are scat- tered indications that tin prices will ad- vance in the rot distant future. Coal and Oil Situation. | Coal showed no improvement, and the | situation of the petroleum producers. | refiners and distributers is little changed. The arrival of a representa- | tive of the Dutch Shell interests seems | to have been faken, in general as an effort to settle the dispute with the | Standard Oil Co. of New York as to markets in the Far East. But market commentators in general seem to have overlooked the fact that the Dutch Shell interests are tremendous Ppro. ducers in this country. and that they | have been adversely affected by the sit- $ uation here to an even greater extent | than some of the local oil concerns. | Improvement is being shown in the | silk industry. although the situation still | is subject to fluctuations owing to the fact that mills can produce at any time far more goods than can be sold. | | The shoe companies are reporting | gains in both sales and profits. | | "'In the textile field. the specialties | |are the things that are making the money, not the standard goods. | The situation of the sugar industry | was brought to the front by the passing | of its dividend by the American Sugar | ‘| Refining Co. However, it is declared .| by many sugar experts that the cause back of this move was not so much re- striction in Cuba. or invasion of East- ern markets by Western producers, as i it was the inherent faults in the mar- keting situation, which the sugar in- stitute has just been organized to ob- viate. HAS FAVORABLE BALANCE. NEW YORK, February 10 (®.— | Argentina had & favorable trade | oalance of 152,000.000 gold pesos fn | 1927, in contrast to an unfavorable | trade balance of 30,000,000 gold pescs {m 1926, the Argentine-American Chamber of Commerce reports. Imports | of geld were 87.000,000 pesos, against 00,000 the year before 227 The man who wears Heiberger Clothes is ever conscions g faultlessly at- never con- spicuously s, Vi Ve P )5 of bei tired C=v Sledleded . e 4TINS 1T™ STREET KW o L T i CAPITAL FURNISHED Established businesses oF w HeW enterprises 0 aounts of $E3 000 K and o wes tequtied e L Ntar Oftice Address Bov 6. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life (na O 1390 K Ntreet Maln 413 Invest in Guaranteed 69 First Trus Notes Secured on District of Co- lumbia and Montgomery County, Md, dwellings, Denominations of $250, $500 and $1,000. Title & Investment Co. of Maryland 1512 K St. NW, i !’h\mo Main 2676 Money to Loan Sectired by trat doed of trust on v&‘ & Pievailing interest and comm Joseph 1. Weller 420 Wash. 1i e SaiRasiolt 1 TR 0 Bidg.. Oth & F N.W. LOANS | ON HOMES £14% o tion to appli- Interest cations, Run for five years with- out curtail- ment, Wm. H. Saunders Co. .nc. Founded 1887 Main 1016 1433 K Loan Correspondent for the Provident Mutual Life Insurange - Company of Philadelphia e ———— | i | e e i i Mortgages Investments JAMES Y. PENNEBAKER Sember Washington Real Estate lu-vl Main 5328 1520 K St. N.W. | | CHURCH LOANS W ition to handle eon- straction 3¢ Charehes and Tnstita- tions —Phone Main 5644, n a . 1o Wright, Slade & Co. : MEMBERS New York Stock Erchange New York Cotton Erchange Chicago Board of Trade Stocks and Bonds Bought and Sold for Cash or Carried on Margin THE MAYFLOWER HOTEL . Connecticut Ave. at De Sales St Telephone Main 1581 ° Resident Partner 1st Trust Loans Any Amount ’ D. C. and Montgomery C9n0 Large Construction Projects FRED T. NESBIT 1010 Vermont Ave. M. 9392 In Nearby Virginia Prudential 51/2% ll::lr::‘c.e Co. Commonwealth Investment () Loans 917 15th St NW, Phone Main 2623 Continental Trust Co. 14th and H Streets v ‘' ’ Capital $1,000,000.00 . Checking Accounts Savings Accounts Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities | Corporate Trusts Individual Trusts - Administrator, Executor ' Safe Deposit Boxes Continental Trust Co. 14th and H Streets * WADE H. COOPER. President Capital $1,000,000.00 | nsu Mortgage Bonds Unconditionally Guaranteed I EHIND each 6:% IN SURED MORTCAGE BOND of the Federal Se curity & Mortgage Come pany is not only &o safety ured by adequate security und the prestige of a con servative company, but the litional guarantee that actually insures the paw ment of principal and in terest, 61,9 INSURED MORT CAGE RONDS are uscon ditionally guaranteed by the Equitable Sucety Company of New York, under the supervision of the New York State lnsurance De partment. Masurities 2 t0 10 Yours Lo SN N Coumon TORAY/ Fed WASMINOTONBC, .| CARITAL & SURMLSY ovin NWeoane ‘M-flnm.u«h. T Mtinge o e