Evening Star Newspaper, April 4, 1928, Page 14

14 FIN NCIADY First Mortgage Loans! RICHMOND RESERVE Lgwest Rates of Interest and Commissio Thomas J. Fisher & Company, Inc. E LOANS ANY AMOUNT real n D. C.. nearby N va MORTGA Secured by Prevarling In & Commise! KENNETH M 303 American Bidg Main 3 Money to Loan <t on real 3 commission & Trost Joseph 1. v_v.un A Mortgages Investments JAMES Y. PENNEBAKER Member Washington Real Estate Board Details —take up more time than many property owners can spare to give them. Turn- ing details of management over to us, they are assured that their property will be held consistently up to max- imum income production. n | REDISCOUNTS UP |Increase Partially Due to Bor- rowing Incident to Fertiliz- er Buying. estate. | BY EDWARD C. STONE. The Federal Reserve Bank of Rich- mond reports that rediscounts for mem- ber banks in the fifth district increased | during March, rising from $25.319,000, jon February 26,931,000 on | March 15, the increase being partly due to agricultural borrowing incident to fertilizer purchasing and partially due to commercial borrowing to discount bills for Spring merchandise. The monthly review adds that in spite of the increase in rediscounts, amounting 1o $1.612,000, the total earning assets of the Richmond bank declined from $55. 112,000 to $47,837.000 during the month, the decrease being due to reductions of £6.600.000 in bills purchased in open market and about £2.200.000 in holdings in Government securities. further savs Continuing the seasonal decline, the ! volume of Pederal Reserve notes in ac- tual circulation dropped from $66.176.- 000 on February 15 to $62.407.000 on March 15 and member bank reserve de- posits declined from $72.328.000 to $71,- 464,000 between the same dates. Cash Reserve Raised. “The changes enumerated raised the h reserves of the bank from $92.- | 000 at the middle of February to $96.513.000 at the middle of March, and brought the ratio of cash reserves to note and deposit liabilities combined up from 64.96 per cent to 7141 per cent “Between March 15, 1927, and March f this vear the volume of redis- s held by the bank rose approxi- ely 28 per cent, increasing from $20.- 000 A vear ago to $26.931.000 on the 28 date Total earning assets of the bank in- creased 30 per cent. rising from $36. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford tual Benefit Life Ins Co Main 475 Repressnt 1520 K Qtrrfl ffieal Estate Loans On lmpmvcd Property 5%% Interest Satisfactory Terms EAVER BRO REALTORS 809 15th St. Main 9486 WRIGHT, SLADE & CO. || Members New York Stock Exchange -New York Cotton Exchange Chicago Board of Trade Stocks and Bonds Bought and Sold for Cash or CARRIED ON MARGIN THE MAYFLOWER HOTEL Conperticut Avenue at De Sales St Telephone Main 370 Resident Partner For April Funds OUR April List in- cludes a diversi- fied selection of sound investments yielding 4.159% to 1%. List sent upon request ! STROUD KURTZ & CO. wrporated YRANSPORTATION BLDG. WASHINGTON, D. C. Philadelphia New York $5,000 Easily A('quircd dof wishing f independence - set & goal for yourself and ow on & plan of svs- sie investing. This art bouse, with $20.000.000, guarantees $5.000 on monthly s of $31.50 for 120 months. If you can invest as little ss $6.30 monthly, ¥ should ook inte this guar- snteed plon. Mauil coupon W312 today INVESTORS SYNDICATE Latablishad 1894 Barr Bidg. Washingt 59 Setephone Frankiin ADDBESS THE POW E# OF TIME & MONEY 11 11385, et export 735.000 on March 15 last vear to $47. 7.000 on the same date last year. On the other hand. the circulation of Fed- | eral Reserve notes declined from $72 542.000 last vear to $62.407.000 this year. Member bank reserve deposits increased | from_$68.920.000 on March 15, 1927, to $71464,000 on the corresponding | 1928 date. Bankers Honor L. A. Fleming. The members of the District Bank- ers’ Association who compose the so- called luncheon group and dine every | Wednesday at the Willard have just ,uken special notice of the fllness of | I A. Fleming, the veteran. financial | editor and writer, who is no% at Mel- ‘boume Fla. | _The bankers have forwarded to Mr Fleming a special letter of greetings, signed by every member of the group. The letter was penned by W. W. Spaid. president of the District of Columbia association, and was filled with humor as well as sincere wishes for “Pop's™ | earlv retumn to good health. Mr. Fleming left Washington on | January 1 and has passed the time | since at Hotel Indialantic, which i now closing for the season. He will remain in an apartment at Melbourne until the weather is more settled here. Financiers Off for Conference. ‘Washington bankers are leaving here this afternoon for the Southern re- gional conference which opens tomor- row at the Jefferson Hotel in Richmond. The American Security & Trus: . | will send the largest delegation, among them being Howard Moran, who | attend the second day's session: P P. H. Siddons, R. L. Flather and Edward E. Swan. | Others going from here are H. G. | Hoskinson. vice president of Riggs Na- (lion.ll Bank; Hilleary L. Offutt, vice | | ‘ J\m Woolen. president and cashier of the District National, and Francis G. Addison, jr., vice president of the Security Savings & | Commercial. With John Poole from the Federal-American will be Charles D. Boyer, the cashier, and A. J. Linn, controller. Eliot H. Thomson will rep- resent the Washington Loan & Trust Co. It is expected 300 bankers will | attend from 12 States and the District of Columbia. Takes Position in Paris. Maj. Sanford Griffith. who has cften given lectures in Washington and has | many personal friends here, has be- | come associated with Dillon, Read & Co., investment bankers, and will be in charge of the company's newly opened Paris office. From headquarters there he will also direct other business on the continent. During the war Mr. | Griffith was a member of the armistice commission. For a time after the r he was a correspondent from Rome and Berlin for the New York Herald- | Tribune and later represented the Wall Street Journal in London. Trading Rushing on Exchange. Trading was the heaviest in many | months on the Washington Stock Ex- change today. some stocks selling higher | and others lower. Capital Traction was the first stock out, opening at 1093 hna closing at 1097, | Power 51, 108%, while the 6 per cent issue again moved at the high of 113. Washington | Railway & Electric preferred sold at 110234, off fractionally from yesterday's | close, the turnover being light. Washington Gas Light came out at 89. Barber & with a 25-share sale at 24, 25 shares | then selling at 23, 25 more at 22, and |25 more closing at 23. Chevy Chase Dairy preferred registered 106. Co- The report | Potomac Electric | per cent preferred sold at | Ross common opened | VENING STAR, WASHINGTON. DN. €. WEDNESDAY, APRIL Oven. ADitibi Power(4) 9% Abrahm&Straus 102% Abr&Stras7?%pt 112 Adams Exp (6). 273 Adv Rumley.... 134 Adv Rumiey pf.. 39 Ahumada Lead.. Air Reduetn (2). Ajax Rubber Alaska Junea. Albany Papr(2). Allied Chem (6). 158 Allis Chalm (6). 121% Amal Leather... Amerada (2).... Am Agricul Chm Am AgriCh pf.. Am Bank N(13). | Am Beet Sug. Am Bosch. Am Bra Sh AmRShoe pf(7). Am Brown Bov. Am Brown Bo pf AmCan (2)..... Am Can pf (1) AmCar& Fdy (6). 10 AmQG& Fpf ( 1364 Am Chain pf (7) 100 Am Chicle (3).. Am Drug (80¢).. | Am Encaui2.40) Am & For Pow.. Am Hide & Lea. Am Hide & L pf. Am Ho P (2.40), Am lce (1214) AmIce pf (6)... Am Internati(?) Am LaFr&Foam Am Linseed. Am Linsd pf Am Locomot(§). 107 's Am Loco pt(7).. | Am Mch&Fdy (2) Am Metals (3).. Am Piano. .. AmP & L(f1).. Am Radiator (5) Am Ry Exp(6).. Am Republie. .. Am Saf Razraly Am Seating (3). Am Saip & Com. Am Smelting(8) 185% AmS & Rpl(7). 140 Am Stl Fdys Am Stl Fy pf (7) Am Sugar... | Am Sugar pf. Am Sumatra | Am Tel & Tel(9 | Am Tobaceo($). | Am 1ol|ueofil§) | Am Tob pf(6). Am Type pf(7). Am WW&El(e1) mW Wist pf(6) 2734 134 . 107 53'y 181 1661 167% . 1254 114 6% 10415 23% 57 13% | Am Woolen pf Am Writ Pa ctfs Arch-Dan pf (7) ArmourDel pf(7) Armourofili(A) Armour, 111 (B). Armour 111 pt(7) Arnold Con & Co Artloom pf (7). Asso Dry G(2 Asso Ol (2 Atchison (1 Atch T&S Ferts Atchison pf (5). AUGulf & WI.. AU GUIf pf (3).. Atl Refining (4). AtlasPowder(4) Atlas Pow pf(6) 1074 Austin-Nichols. & Austrian Cr .52 70 Auto Sales...... 104 Autostrap A (3) 47% Balto& 0 (6)... 117% Balto& O pf4). &4 Bang & Ar (3%) T4 Bang & Arpf(7) 112 112 Bank of Am (12)1050 1130 kofCom(18) 590 590 Bank ofMan(16) 610 615 Barnet Leather. 30 3% Barnsdall A. 2 Bayuk Cigars... 128 1| Bayuk 1st pt 108% 108 Beacon Oil 145 141y Beech Creek. 4 424 Beechnut (13 T8 T8l Beiding Bros ( BelgRys pf(4.12; Best & Co (3)... Bethiehem Steel Beth Steel pf(7) Bloomingdal Blumenthal pf.. Bon Ami Cl A(4) Borden Milk (6). Borden (rights). Boston & Maine. Botany C MillsA Briggs Mfg FCo Bklyn-Edison(§ Bkiyn-Man (4). 6% 66 Bkiyn-Man pf(§ 7. 7% 5). 149 149 52 b4 42'% 43% 18 19 504 40% 19% 3% 99l 159% 159 59 &Y 110% 110° LTt 3 6 11% 60 57% 59% 120 1.0% 37 3% 81 91 685 63% 161 161% 247'% Bucyrus-Erie (1 Bucyruscv ( Buff&Sus pr(4). Burns Bros (B). Burns Bros pf(7 Burroughs(14) Bush Term (g2 Bush Ter de 11). Burna pr pf (7 Butte Cop & | Butte&Super(z) 1 Butterick Co.... s Byer & Co. 102 108'% Byer & Copf(7). 110% 110% By-Products (2) ©9% 69% alit Packg (4). 5% | Calif Petm (1).. 102 108% alu & Hecla (z) 214 21% Can DryGAle(3) 6b% 6b'a n Pacific (10). 211% 212% Threshg(6) 285t 285% | p 7).. 134 134 28% 2w lumbia Sand & Gravel opened at 100, | advanced 1o 100%; and closed at 100% sales amounting to 55 shares. Both type stocks were traded in,| Lanston opening at 1087, dropping to| 'y and then closing at 34 on sales of |70 shares 101 and closed at 1017, sales totaling |50 shares. Merchants Transfer & | torage preferred recorded a two-share sale at 106 and 50 shares of Federal- American Co. common moved at 38'; Gas 65, series A, sold at 1057, Gas 5 at 1057, and Barber & Ross 6!2s at 96, Heard in Financial District. W. W Spaid, president of the Dis- trict of Columbia Bankers' Assoclation, has been drawn for jury duty and is now giving his tme and best judgment 0 the proper settiement of a variety of complicated court cases A campaign committee of leading lo- cal bankers has been organized to push the candidacy of ‘T. Hunton Leith for membership in the executive councll of | the American Institdte of Banking. Lhe | local boosters will meet lale this after- noon for the first time President 1. J. Roberts of Washington Chapter, A. 1. B, announces that there will be no classes on Good Friday eve- | Mc¥adden, | ning Iepresentative Louls T, suthor of the McFadden banking sct, will speak on the inaugural radio pro- gram U be presented by Halsey, Stuart | & Co.over 27 stations Lomorrow PAYS 10 PER CENT EXTRA. NEW YORK, April 4 (&) —The Val- mor Corporation, & holding company | afMliated with the Financial & Indus- il Becurities Corporation and the Na- tional Liberty group of insurance com- panies has paid an exira dividend of 10 per cent IU totals $360,000, and i pay- wnle on both common and Participating pretersed shares, in addition o the regular quartely dividends of 1% per cent NEW YORK MARKETS, NEW YORK, April 4 (®) -Flour fim. Bpring patects, 7H58795; soft Winter straights, 7458795, hard Win- ter wirmights, 7308765 Rye firm No 2 Western 136 oh New York and Other articles un Cherged Mergenthaler tame out at | | Cent Alloy pt(7) | Cen Rty XJ(112). | Century Rib M., Century R pf(7) Cero de (Panco(4 Certain-Teed (4) €rto Corpn(14) | Chandler-Cleve. handler Mot pt | Chat-Ph Bk (16). Ches & Ohlo(10) | C &0 Corpn (3), Chi & Alton. ... Chi & Alton pf.. Chi & Eant 11} pt ChiGreat Wést. Chi Gt West bf., | Chi M1 & St P | Chi Mil & 8tP pt | Chi & Nwn (4)., Chi & Nwnpf(7) 110% 110 325 326 14% 1% 82 82 674 hfln 6 640 196% 199% b ‘ 12%s 12 27 27 ETO w6 »A. 147% 147% . 135k b 15 102°4 108 a5 1b% @ a2 *hi R1&Ppres). Chi Yel Cah3), | Childs (2.40). . [ChileCo (25) .. 40% 41% Christl B(1.20).. 116 116 ¢ 6'h BIA i ) ' 114% 116% B 9% 11 1% W% 10 145% 1617 994 106% 106 T4 112 Peal(s), ; ola () olline & Alk (4) ollinn&A pr(7) ‘ol Fuel & Lion. "0l & Bouthn(3) ‘ol Kou « | ¢ | ¢ | € 01 Gus & K) (5) 0l GRIS pf A(B) wl Carbon (4)., om Cred (1), .. omCred 181 61 “om Inv e 8 80, “om In T pf 61 Jom Bolvenia(h) “om Powr (14), “onfe Nast(2) .. Congoleum-Nair Cong Clgarate % Connol Cirm (7)), ConCig prpf (61 ) Con Cerapf(l). . 109' 109% Consol Distetbul 1 1% LR 1047 104 To%m 70% % s 280 28'% e 12 om aL PR % 67 YBYy kY 118 177 8% 4% 60 b 26% bW A% 13 K w68 1004 101 | Conmol G | Connlts Conainer B 60c, Cont Baking A Received by Private Wire Dirfct to The Star Office. . Low, 102% 1121 270 12 "ID l4 5 105% 1364 Close. 9 102% 1121 270 13 39 5 62% 105% 1361 100 80 0 145% 590 610 304 42 Tok b7 120% N 91 6815 160% 3 238 65 874 149 514 4% 18ty 2% 159% 59 110% 17 6l 10% 57 10l 110% 69 i 2 102 21 64% 126% 9% Ol’rn. 83% 837% 83 05 10815 104% 86 84 1m% 11 675 657 T4 T6% 145% 144% 145 145 R6% Cont Bk pf (8) Cont Can (5).... Cont Insur (6).. 841 Cont Mont (80c) 11 Corn ExBnk(20) 675 Corn Prod (13).. 17 Corn Prod pf(7) 144% Coty Ine (g5)... 144 CrucibleSteel(6) *5% Crucible nt(7).. 114% Cuba Cane Sugar 6 Cuba Cane Su pf Cuba Company ... Cuban Am S (1), Cudahy Pkg (4). Curtiss Aero (1) Cushman's (§4). Cayamel Fruit.. Davison Chem. . Deere&Co pf(1). Del & Hud (9).. Del L & W (7). DRG Watpf... Detroit Ed (8).. Devoe& R(12.80) Devoe&R 15t(7) Diamond M (i9) Dodge Bros C1 A Dodge pf (7).... Dome Mines(1). Drug Inc. . : Dunhiil Int (4).. DuPont deN(10) Du Pont deb (6) . Dupont deb (rts) Duq Lt 1st (5).. Fastman (18)... Fastman pt (7). Eaton Axle (2).. Eisenlohr & Rro Elec Auto L(6). Electric Boat. .. ElecPow&Lt(1) Elec P&Lt pf(7) Elec Stor Bat(5) End-John (5)... Endicott pf(7).. Engineers Pub S Engnrs PS pf(7) Equit Bldg (7).. EquitablaTr(12) Fairbanks (3).. FatrbankMpf(7) FedLight(n1.40) Fed L&T pf(6). . Fed MotT(f80c) Fid Phoe Ins(5). First NatS(1%) Fisk Rubber. ... Fisk 1st pf ev(7) Fleischmann(3). Foundation Co. . Fox Film A (4). Freeport (+515). Fuller pr pf(6).. Gabriel Snub A.. Gardner Motor.. Gen Am Tnk(4). Gen Asphalt.... Gen Asph pf(5). Gen Rakg pf (8) Gen Cable A (4). Gen Cigars (4) Gen Elec (15)... GenElec sp(60c) Gen Motors (5). Gen Mot pf (7). 48 109t \* | Gen Outdr Ad(2) 100 4Tn 17 B4 T4 1uz 1040 1105 590 211% 2 2nb 134 281 110% 325 196% Bb'A 1474 10 ably 4 40'% 16 o 114% CX) 1nt Wi 14% 92' 106% 91 Hiite bl 171% i 4y 2 1 e 1004 100'% 1" 144’ 104% 0% 4 28% i “ 04 i Glidden pr pf(7) Gen Outdr Ad(4) Gen Ry Sig (5). Gen Refrac (3) Gillette Raz (5). Gimbel Bros. . Gimbl Br pf(7). Glidden Co..... 21 100% 44'a 8l 114% 100t 46 &3 114 Gold Dust (3).. GoodrichRub(4) (‘ondneh P, | Goodyear Tire.. Goodyr 1st pH ) Gothm Ho(121) Gothmnew 32, Graham-Paige Granby Min (4). Grt Nortn pt (5) Gt Nor pf cfs(5) Grt NorO (1%). Grt Wtn Sug 2.8( Green Canan. ... Guantanamo Sug Gulf Mo & Nor Gulf States S, Gulf Sta 1st (7). 6% LU 26 504 Hacknsk W(1%) Hanna 1st pf Hartman A (2). Hartmn B(1.20) Hershey Corp. .. Hershey pf (4). Hershey pr pf(6) Hollander & Son Household (14) Houston Ofl. Howe Sound (4) Hud Man (2%). Hud Man pf (3). Hudson Mot (5) Hupp Mot (1.40) Ilinots Cen (7). Indep O11 (1)... Indian Mot (1%) Indjan Refining. Indian Refx ctfs Ingersoll R(15). Inid St (p16%). Inspiration Copr InterboroRap Tr Intcontl Rub(1) Internat Agri. .. Int Agricul prior Int Bus Ma (5). Int Cement (4). Int Cement pf(7; Int Com Eng (2) Int Comb pf(7). Int Harv (6). .. Int Harv pf (7). 1301 681y 110 5015 104% ! lnl Mer Mar pt. Int Nickel (2). Inter Nick pf(8) | Intl Paper (2. 10645 511y 1651 157 821y 4 s 128 [ Int Paper pf (7). Inter Salt (6)... Int Tel & Intertype(11%) lowa Central. Jewel Tea (4). .. Jewel Tea pf (7) Jonns-Maran(3) Jones Bros Tea. Jones & Lau (7). Jordan Motor. Kan City South. Kan C 80 pf(4). Kayser J (5). Kelth-Albe elly Tire 6% pt oln-Hayes (). elvinator Corp, Kinney pf (%), Kraft (g1%). Kresge (11.60).. Krenge 85 pf(%) Kresge Dept 8. . 8 Gros(e1) Laclede G pfih). Lago VIl ( Lambert (15 106'% 150 & Kink(3), Life Sav (1.60). Lig&Myersh( lfl' I.Ax &M |rv<7; Losw's Ine (1) . Loewlne pf6 i) Muckay (7). Mackay pf(4)... Mucy (I H) (¢b) Mud Ba Gn (1) Mallison pt (7). Munatl Bugar pf Man Kl Bup (5). Man 15 m2g(db) Man Shir Maracaibo O, Market Bt prior, [ High, Low. Close. 4 4 4 1001 94, A2 1145 55 947 1004 al 1% 1814 By 106% 146 85 Tinm 704 10218 Marland Of1. Mar-Rock (12 Mny Dept S(4).. Maytag (13) MetroG pf (1. Mexican Seab. Miami Cop (1) Mid-Continent Middle States. Mid States Ol et Midland pf(+12) Miller Rubbes Minn & St Min St P&SSM M St P&SSM pf. MStP&SSM 11(4) Mo Kan & Tex. . NEW YORK STOCK EXCHANGE Onen. l!lh i 40% Mo K&Tex pf(7) 1 5. Missour! Pacifie. Missouri Pae pf. Montana Pow(5) Montgmry W (16) Moon Motor....\ Mother L (50c).. Motion Pic Corp. Motor Meter A Motor Whi (2).. Mullins Mfg. ... Mullins B pf(8). Munsingwr(3).. Murray Corp.... Nash Mot (15%) Nash & Chat(7). Nat Acme (sta). Nat Bellas Hess. NatBHess pf(7). Nat Biscuit (17) Nat Bise pf(7). . Nat Cash R(A)3 Nat Dairy (3).. at Dept Stores. at Distillers. . Nat Enamel & S, atLead pfB(6) at Pow&Lt (1) at Radiator(3) at Ry Mex 1st. at Ry Mex 2d.. At Supply (16) 1oply pr(7) Nat Tea (4).... Nevada C (134). N O Tex & M(T). Y AIrB (3)... Y Cent (8) i \ ¥ C& StL(6). StL pf(6) H&Hart(1) NH&H pf(7) Y State Rys bt Y Steam pf (6) orfolk South. . orfolk&W(110) NorAm bl10% stk orth Am pf (3) orAm Ed pf(7) orth Pae (5).. or Paccfs (5). Norwalk Tir Ofl Well Sup Omnibus. OppmCol Otis Elevatr(17) Otis Steel...... Owens Bot (ct4) Pacific Coast | Pac Coast 2d 1 Pacific Gas (2).. | Pac 011 Stubs. .. & Tel(7) ¢ Tel & Tel pf. | Packard Mot (3) Pan-Am Petrolm Pan-Am Pet (B) Pan-Am West Bl Panhandle. . Parmt-Fam(i8). Park & Tiiford. ., Park Utah (80c) Pathe Exchange Pathe ExA..... Patino(a.s7 1-3) Peerless Motor. Penick & Ford. . Penn Dix Cm(2) Penn R R (313). People’s Gas (8) Pere Marq pf(5) Ph1laCo6 % pf(3) Phtla& RC1... Phil Morris(1).. Phillips-Jon(4). Phil-Jones pf(7) PhillipsPett113) Plerce-Arrow. .. Pierce Oil. .. Pierce Petrolm. . Pillsbury (1.60). Pitts Coa Pitt FW&Co(7). Pitts Term Coal. Pitts®W Vai6). Porto Rico To A Postum (5)..... Pressed Stl PrStl Car pf(7). { Prod & Refiners. | Producers&R pf. | Pub Serv NJ Pub Serv pf (6). Pub S NJ pf(7). Pullman Co (4). Punta Aleg Sug. Pure Oil (§0e) | Pure Oil pf(s) Purity Bak A(3) { Purity Bak B(2) | Radio Corpof A. RS ICels (4), teading Ry (4) Real Silk pf (7 Remingtn-Rand em-Rd 1st(7). Reo Motr(1.20). Rep Ir & St! (4). Reynolds Spngs. | ReynldsTobB(5) Richfield O(g1). Reis Robt & Co. Reis Robt pf(7). Rossia Ins (6) .. Royal Dad.13%. St Jos Lead (13) StL & SunF (18) L&SanF pf(6) SFran(ris) vage Arms, Schulte (31)... Schulte pt (8) . Seab Air Line. .. Seab Alr L pf... ra-R (n215). neca Copper Shattuck F G (2) hell Un (1.40). Shubert The (3) Simmons ( Simms Pet Sinelair Oil. Sinclair pf(8)... Skelly O11 (2)... Sloss Sht pf(7). Snider Packg Co. So Por Itle 8(f2) South Calif k4 o Cal Ey(ris)., uth Dairies A. South Dairies B, South Pac (8)... Southern Ry (8) SouRyM&O cfs 4 Spear & Co. .. Spear&Co pf(7). Sploer Mfk. . Npicer pf (7). 1o 1) Sta G & 18t l‘) Std MU (b . Tl Std OHNY (1.60) Std Plute Glass. Std P Glaws pf .. Stownr(-War (§) Strom Car Studebaker Ol ), ... Superior O1l Sweetn of Amer, Symington Symington C1 AL enn Copper (1) oxas Corpn (1) ox Gulf Sul (4) Tex & Pacific. .. Tox Pao C & OIl Tox Land Testn Yhomp d Re3 80) Tidewnter AsOII. TIAWAROIIDf (8) Tidawarar 1l 40 3 445 1894, 64% 5% 104 100% 1 FINANCIAEL. Low. Closs 39% 39 50 5O o5 30y 3 1198 1 1 400 1084 8 6l 19% i poig b 0Bty L4 104 i 07 401y sty B N OB\ 641y an an 20 1% 5 40y S0 5 21 90 o8 644 1% (240 L BULLS AGAIN HOLD GRIP ON MARKET Early Hesitancy Followed by Rise Again Led by the ARirplane Stocks. BY GEORGE T. HUGHES. Speclal Dispatch to The Star. NEW YORK, April 4.—For a brief period directly after the opening to- day the Stock Market took account of the unexpectedly large increase in the total of brokers' loans revealed in the Stock Exchange compilation made public after the close Tuesday. First prices for most of the leading stocks were lower. Then, when no important liquidation appeared the matter was dismissed from the trading mind and the market started upward again. An elaborate analysis of the market action is necessary. The fact that no attention was paild to the mounting totals of money absorbed in specula- tion is no proof that danger does not exist. It is no proof that the danger is not recognized in high places in| Wall Street. It was simply another | demonstration of a speculative move- | ment going ahead under its own im- | petus. Airplane Stocks Features. The features today were found in the | same groups as on the day before. The | airplane stocks again performed spec- | tacularly. Wright Aeronautical, which | had closed at 132 Tuesday, up 32 points, | forged ahead 9 points more as it/ touched 141. Curtiss Aero advanced | from 85 to above 91. Wright, at these | prices, was at a new record high, and Curtiss was only a point below the rec- | ord made in the preceding session.| There was no fresh news about either. | and every indication was that a small | floating supply, combined with a large | siort interest, was the correct diag- nosis. | Packard was the leader of the auto- | mobile stocks. It had been very strong | in the last hour yesterday, and made a further advance today, establishing a record for the present $10 par shares at | 73. Anaconda was heavily bought and sold at the best since 1920, just be- | low 65. Other copper stocks shared the improvement, more or less promi- | nent among them being Greene Cananea. Stan industrials opened -lower, | but soon made up the loss. General | Motors, General Electric and United | States Steel moved in accord. The most | noteworthy thing was the better (eellnx toward United States Steel. This may | have been a reflection of the intimation at the Bethlehem Steel meeting that | the common stockholders of that cor- | poration might soon receive some re- turn on their investment. Bethlehem Steel itself was strong. Rails Prominent All Day. Rallroad &tocks were prominent all | day. Interest centered about New York, | Chicago & St. Louls at the highest | since 1926, Pittsburgh & West Virginia. up 15 points at 150 added to a 1075~ point rise Tuesday; New York Central, | Reading, Baltimore & Ohio, Chesapeake & Ohio and Texas & Pacific. Atchison | responded to the putting of the stock on a regular $10 basis with an addi- tional advance, One discordant note was the weak- ness in United States Rubber, partly a reflection of the situation in the crude rubber market and partly a con- tinuation of the selling that has been coming into this stock for a week or more. ‘The turnover was larger. Whereas the tape had had no difficulty in keep- ing up with business on the floor yes- terday, it lagged behind a quarter of | an_hour todav. } High Low Close | w0 %0 90 | 131120 1295 1034 100 Ope Tide W Of) pf(5) Timken (15) Tobac Prod (m) | Tobac Prod A(T) | Tob Prod efs(A) ; Transcont OIl. Transue & W1) | Twin City R (4). | Uawd-El F(4) | Un Bag&Paper. i Union Carb (6). | Un Ol Cale2 . Unton Pae (10). | Un Pacific of (4) Union Tank ¢5). UtdCsrSti(Csoc) Utd Cgr St pf(8) Utd Dyewood. . Utd Fruitits | Utd Paperboard. 2 | USCILP&F(10) "4 USCIPpr(7).. |A0A!I\¢r A 1§ Lea prpfi7) U S Realty (4).. US Rubber. ... us b 1st (8). U S Smelt (313). U S Steel (7). U S Steel pf (7). U S Tobaceo(3). Uni Leaf Tob(3) Un: Ple 1st pf(8) Uni Pipe & R(2) Uni Pipe pt (7) Utl PELLA(e2). Vanadium § (4). Van Raalte pf. .. Vick Chem (4) .. Victor Talkg(4). | Victor ¢ pf (8) Va-Caro Chem Va-CarCh 6% pf Va-Car Ch pf(7) Vivaudou (b10). Vulean Detin. .. Vulcan Detin(A) Wabash........ Wabash pf A Waldorf (11) Walworth (1.20) Ward Baking B. Ward Bak pf (7) Warner Pio A. .. Warner-Quin(2) Warner Quin ris Warren Bros(4) sUp(3) rF&Pipe Cor e 1in 61 R 49% b West DafryA(4) West Dalry B, ., West Maryland, West Md 2d pf.. West Unlon (8 Motors(1) Vhite Sew Mach Willys-Overlund Willya-Od f (1) Wilson & Co. ... Wilaon Co pf AL Wilson & Co pf. . Woolworth (b). Worthn Pump Wright Aero (2) Yalo&Town(18), 70 '. S 8l .. Youngatn 8h(3). LU ourly Sales on N. ¥, Market tam., 746300 13 m.. . LALS.500 1 81, LN K Plue m Pavanie 1710 Cear Stores commol n staeh, — Harriman & Company TRINITY BUILDING, 111 Broadway, NEW YORK MEMBERS NEW YORK STOCK EXCHANGE TRANSACT ‘A GENERAL BROKERAGE AND STOCK EXCHANGE BUSINESS WASHINGTON OFFICE 729 15th Street N.W. 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