Evening Star Newspaper, September 4, 1928, Page 14

FINANCIAL: . THE EVENING STAR, WASTINGTON, D. ¢, TURSDAY, SEPTEMBER 1998 iy FINANCIATR B R = conea e | TRADE GAINS SEEN l NEW YORK STOCK EXCHANGE | VOLUME OF STOCK % oneseict Rmons onauenee If you need money for Received by Private Wire Direct to The Star Office. pecial Dispatch o The Etar. U s- STEEl MAKERS vour Real Estate financing fim{\( snmf H‘i"l"“mhm 4—In April! A s cation Open ow. Close. | pen. High. Tow. Close. Open. Higk. Low. Close any ay last the average price of & A . let us have your application | ABteb Power(hl St 0N 40" 4ot | Bamtman(i8y. ... 184% 15d% 154% 154k AL Br(3).o 445 41% 4l 47% typical group of bonds reached the high- Foreign Industry, Though Mandi- today. 1 Po pr(s 97 o le(2).. 55 bW bty Bi Central(8).. 175% 176% 174% 1 | st point in a decade. Foreign bonds | 3 Prompt Servic \:,‘ = I\\-‘Hr.rm x:': :-r::‘erfiyxrrgllrv<v,_ 2% 22% 22 15 | N ,‘\‘su.m). 127 128 126 . i |sold at thelr peak first and domestic | capped, Has Cheap Fiel No 4 sl T 5 | Abr&Stras? % pf 110% 11 |lec Auto L(4), 99 99% 97 A SUL pe(6) 1061 106% 106 1066 | issues about a month afterward. Since i e Federal Reserve Banks Ask {irioiis o 't “Hi | Elechowiecty. afia a0 |8 7 & el (Motors and Steel ~ Again iyl stueh 7 the Harwe decins Ahdpiara The Commercial National Ady Rumley pf. 57 57% 85 | Elee P&Lt nf(7) 1 1 1 Y NH&H pf (7 } ’ the domestic list, but the foreign - for Early Supply of | Ahumada Lead.. 3% Vs | Elec Stor Bat(5) t N Y Ont&Westn 2 28 Leaders—Rail Issues Are drassinibne ot Iowes Aitb L) N | Atr Reduetn(2). 794 k 79 Sik HOPN. ..vee Railways pe Now the only reason for t Company | ax Rubber, .. g 9 | ik Horn pf.... 2 3 Y Stm pfA(7) ¥ k H H {about in bond prices has been the Fold Up Cash Casital, $900.000 New Money. e BanelE) 2315 | End-John(5) ; T 77 | Norf & Wn(110) 185 [ Slightly Higher. | ward_trend of money rates. Norms LONDON mber 4.—The British the higher money goes the r teel indust; from well v,m it {level for bond prices. The exp probably will be i Chem 20015 198 | Engineers Pub S « | NorAm b10% sth Commercial National Bank Blde. 8 | 14th and G | North Am pf(3) . 2 | North Pac (6).. & s BY GEORGE T. HUGHES. of the greater resistance foreig t nethele v = r ,,.‘”‘,,‘” g 5 3 ’inrl"n"v‘:'\.\). 9615 96 o e | have displayed is the higher | 0 oney to Loan . s o 1 e intc y 19% 9 0 | Erte 15t pf. walk Tire sl Dispaich to The rthe line | AI0rd. Money as a factor in the foreign mar- Y . ? . . 3| Bureka V(114). Norwalk Tire pt 5 NEW YORK, September 4—The lin rket is most influentia r f 1d The difficulty facing Secured by first deed of trust on real estate. | v : tav. | Am Bank N 3 12 | Fairbanks(3)... 44 “|on wen 1y 5 2 5 | of least resistance in today's StOCKk,graqes It does not affect so muct t 8 is that the mills Prevailing interest and commission. S Son 8 ERC m Beet s 2 % | FedLight (h1.40) 5 8 1ot wel 1 | market was till on the um‘:r;‘Yd";I;;!“,')') more specul and le of greater 420 Wash. L & Trast 3 called upon by | Am Bosch...... & a 1214 | Fed MotT ( £80¢) i 1774 | but the pace was not So Taplc MO LA€| = ppg gy a st ¥ ] Jmeph L WWallerae Waih T8 St : ; . the Be) | AL Sa0 < IS Phosns . g | OEEIDON: = | tone so confident as it had been la v s of investors who desire " ] ted Stites f Kot owh Bas Brown Bov. T3% Fifth y Orphalimie f b week. Many stocks pushed ahead into ho desir her own best e ) 3 Sk ield on their mo w | custom + 1t X N S 2 Can(2). . yee 10% 1 Pirst ) 1 3 Otis sy 2 2 | new high ground and the average was | #n & Cp tAer N : Mortgage Money Loaned | ; s sk Rubber. - Otia Stesl. | higher, but the tnmover was lover and | [, Returns aa e 0 Torele " the backin ow Interest Rates . i Sar&Fdy (6 R o ISk 1s ot C ¥ | more stock was for sale on the way up | { Lkl lomes! i 0 the backing At 1 Interet Rat kbl . i o ] ) tia 83 | than there had been I nc L y > : mant Tvler & Rutherford : i b T e I e T bl stosac- X e iy 00 & quants for,basic i I Bane : : ) m B - E [ Bresport L1634 )« e “| tions had been recorded that any in : : 1 ] Englar d S a by . n pred Fall bu : i 134 | Fuller pr p(6) ) ibs. . 1 ‘ Jortant profit-taking appeared. Genera ! ; 1 \|\\.,u . e de- g e O A portant p! ¢ At : o - P Lo ? 8 Sabasi kol ' v Mo . Motors started in with a split opening | %% T goncert 1 iz some Motor A bk 0 S A | from 203 to 204 against the previou ractica ! h t 3 which exis S | close of 201 It lost a part of st . L Money Available £ N retail trade of the o 3 T u 4 20 W nn, 2 | hours ranged above the la : turday FIRST DEED OF Stoteris Eevion . v L ; en Cable A( ) rmt-Fm 8., 3% L 14 ‘ Coppers Are Strong. [ ko totroweas o ays noder TRUST LOANS Amor widely recogn 1 LaFr&Foam 6 6% | Gen lec(15)... 16 ] '[, m'(‘? R et United States Steel opened at 155, up | baY Cxcossive for accommodations. | ¢ficiency thes o sp(60c) 1 S a point, and held around or ju: e e < = i onfids g X ming se Locom 8 9 I 1 | Pathe E 7 this price. Both of the two leade ki llar loan in thi {acke, o On Completed Properties and , " i M i 1 Sanlaer . u’-‘, 1«}\]{:«\ : eemed to be consolidating their posi- |8 Per cent coupon z r plete vi for Construction Use 3 A wr als(3 9t 49% | Gen Mot .Wv He g tions after their recent rise. On the Nothing like that i 2 1 w | the big order Reasonable Interest and % formes irector of tk nited | Am Prano. .. § 0 : Mot pf(7 91 1244 1 Spitilieg) £ 2| other hand, copper stocks were strong |and the 5 e £ Commission Rates g [ . ent AL 2" | under the leadership of Kennecott, which | days ha : 6 F 6 6472 | sold above $100 a share, and »f Calumet plicated, but reasonable eader of the chain store group 1 present favorable of ¥ k e American dden Co 6 p ¢ 7 | we Grocery, which reached a | tunity foreigal bande e tham n(} 8 % g 3 d s : nother to Li e rl today wi 3 3 - 3 s 1 g 1 1 9 prepared for break LOANS ON REAL e an i Storesd) 7 S b | Chomien o ESTATE swift o o0 e 17 e 1 1 ar s ¢ StT b 1 i l:;a was the le 5 4 grRei il DAl ne.. ) orth pt(5) ] the best of the year above 71, but e oty ¢ s P efs(5) A 97 s g B 3 4 hrysler also went to a record higk Courteous Treatment .. s St el | : t Nor O(1%). above 103. Packard was strong. while | been accumulating for the last severa £ 35 years speaks : 2 A i | e . mfercn Si e B Nash reacied. Graham-Paige was taken | days. Vi : i ¢ pL(7) 115 155 Ty 8% 79 in la cks up 2 points and at a Producers of the leaf were concerned P R l : i et cher 3 ‘ ey S 1 2 p {new higt | about the prices to be offered for th — o em s ercy H. ussel CO. nfid 1 by R mourl 7 95 95 9 ju f 1 eroang ¥ e b Is Improve. T o e Ly st Motor Firm Makes Record ¥ g ceptionall L 111 . 204 t tl. 3 Saletel i4% | Railroad stocks were somewhat higher Throughout the be! rations had '\ YORK, September 4 1731 K St. N.W Arm (B). 1 \ + gains were not large. York made in the market cen by Graham-Paige M nan Co(4). 5 cago & St. Louis at 128 was at a | make the opening day a gala event fors of 11207 cars was a new Tecord. re Ol (30c). 2 3 new high on the recovery, although stlil 2 — t ast m . hat r T s 3 3 I \ | Pure Oil pt(8).. 11 1 nly 5 points up from the extreme low ] ; asc om i 4 4 v felme G ) Purity Bak(3) .. . 2 |of the y If the !n";\*'i"* Soainn Capital & Surplus, $3,000,000.00 . ex A =0 O] . 3 y el P \)7r,1rh\ 2 2 s roves the application of - R & Ohio to buy from | ST , i Ty R T TRES o You're Invited EXPERIENCE : = it a - ;| i s chols. i ' " e 7 _‘ i 6 N »"...\{' .‘fm:f;‘r' Sihore \r‘m‘vmv‘q 4 ‘ ccr‘e- with our Trust . : and unque - ; . s ; D st e oot TR ; : regarding the in i e iyl tra i I X g i 4 9% banks $15,000,000 in loans early ; e : f your Will, and B a=3 2 U : B fian Mot (13 2 2 | Rossia e 81ty 1 3§ : @ choice of an Executor or CONSTRUCT!ON l ange Activity Resume o & opes)- 0 £ ian Refg ctf 1 eeman o Ayiey 8 ve (Ceanp : J¢ Trustee to act thereunder. € : . ha t nkofCom (18 3 7 Sl G 4 SL&SE 2d pd (¢ § g T NS i’ ! advantages of corporate OANS b 1 2| B A E 7 > : Sh were heavy, but other stocks ignored { fiduciary service—its effi- . o :‘(“’“““ 1A.... 2 3 Int 5% 1 . ' g strong, Columbia Gas among the higher- T emMRE Clency, promptness an absent fron ity r Bayuk 15t pf( 1 1 5 5 Ay ). T . priced fssues and American and F nom Mortgage Loan Department i > 2 wi otv | B . 5 : ) 1 13 )yt T __m rm\r Lisht f Y S* ANNON rm to stronger. Beldi " Cor B . a O PRI {5 lower b S b N I~ Inquiries on_these T AdLALNLINSL ; ce Cc A f 5 t j 2 29 | 6 i uprush in War Bros. stocks, both — in no way obligate = i 5 t, | Bes @ ¢ DECT) . T40N £ : g classes, amoun! to between 7 and e R P S M N 155 ,’*";i:to‘:;i;:'i,;\:;';:;;:: Nahonal Savmgs & Trust Co. i tore | oot Fishertés; Gen: g | Bon AmiA(4).. : | int Nickel ¢ s 2 stron, i 1 Depos t Q/ e | Beies MIERC: P NG DI T e BieSit) i il e 1Sk i equipment ri h Empire ¢ - 4 z = 3 made substantial progress 5 { British Emp 2d. e, 8 South Dalr . 34 — | Brockwy Mot(4) s(7) Continental Trust Co.j : i the Tig per cent cummyias | BEIVRManpf(5) e B ¥ ' , , Seplember 4 nd $3.5 | BklynUnGas(5) Island Creek(4) % . : q 75; flat, 250a3.00 serr: 14th and H Streets T g Cenaber o stock. | Brunswick Ter. Jewel Tea(4). . 1 2 g . s, 4.5025 50 R t . 9 Attne b R S 3 s ) | tatns, good to fancy Capital, $1,000,000.00 NIRRT Il 6 e ISt G&Bprco. poor to ordinary, 50a1.2 : el ot (7) 10¢ ~ L 181 Std Milling (5).. g 1 Cammbsrs ikt Gran 3 F. J. McQuade, vice president burr 556 S Routh | Std Milling( tcum| Checking Accounts perty National Bank and teerota : 5 4% & 54% | Kan G So pt(4). 9% Gon |l 0Cal2}s) bushel basket, fancy, sold at 1.00al2 District B: ' s E Ty 0 6 , 4 MINJ (11 4 Ve N Savings Accounts d tion k o4 b ineiohoidg Po! = i ich atans. g itte Cs i 3 L i f ¥ § 5 et blers. per sack, s Acceptance Credits Soeckler, vice presiden itte & Sup(2 10% 1 | Kelly-Sprinir. . F: b r 3 il ern, 160a1.80. “ 5 istrict N . y tterick Co... Kels Hayes(2) . 36% 4 A Long Island vellow onions Time Deposits e echange, | Byer & Co... | Kelvinator Corp s ik ! pound bags. sold at 2.95; few By-Prod(f : 2 Kennecott (6) ) T r . Orange County W Foreign Exchanges wh % i alif Packg(4). | L(8). " )2 Ty ‘ 3.15a3.35; whi 502,00 allf Petm(}) r Commercial Credits 3 r th Callahan Zinc \:~’r:tl"]-‘lr : Sweets of 1 169 96 NEW STOCKS LISTED e Pralecied Travelasd Cradits s : il gt adir . | Kroger Gro(c1 : CHICAGO, September 4 () —Stock dlased peyable September i Y ¥ CanDryGAle( 8 Lago Oil 1 of 96 companies has been added tive Pre! Travelers’ Checques _ Winsl i nager | Can Pac 2 213 Lampert ¢ o (16) 1 ooy D » 1 list of tk i 3 will be close. i here for a t non Mill Loe Tire & Rub. RARCURIn (L) b ange du will be reopen Collections a 5 t 3 | Case Threshg(8) 3 3 55 | Leh Por Cmt 215 ? : k ent Alloy(2). . 40% 41k | LehighVal(3i3) Real Estate Loans t 3 zee. nd | Century Rib 1 11% | Lehn & Fink(3). ! & 6% 1. Tots t s ang : entury R pf(7) 80 | Lite Sav(1.60).. g 2 ket value is $2.564.280,000. These Collateral Loans erro de Pas(5) 1% B1% | Lig Myers(15).. 4 SRl 54 | additions bring the tofal market valu S n-Teed(4) 4 444 | Lig & Myrs B 15 3 Tiie PRir pE(7). 4 { the securities on the exchange up to Investment Securities SHORT TERM SECURITIES iandier-Clev.. 1 1 11% | Lima Locomtve. 3 proximately $11,000,000,000 lidewater AsOIl Corporate Trusts g A P s 2 i S "‘;" T ! Tidewater Oil 80 25 Neisner Bros. Sales. Sedtided T 3 . 7 1B, 11 | Tobac NEW YORK, September 4 (¥ 1 Trusts L LA & Kast 11, Losss W iLe0)., 2 e ‘ : Sales of Nelsner Bros. for efght months omplete Investment o sito 1933, A 1 5174 | Lorillard Co. .. 4 51| Hob BroRk ctut ; : this year advanced to $5,260.898 from Administrator, Executor ; hi Great West. 14 | Lorillard pf(7 Skdthihol il $3.501,203 in the previous corresponding period Texas Gulf Su 3 3% | vear. Total Texas & Pac(h). t listed on the 2 Januar Tex Pac C & Ofl. 1028, 15 37.8 and thelr i Washing . : g 10 hi Gt West pf. 20 na Ol Safe Deposit Boxes - : ; hi Mil & St P fanieamon. 1 anaue & W ¥ # y 'hi Mil & StP pf 5 Louis & Nash (1) ‘ 14 i > hid Nwn(4).. Ludlum Sti(2).. i e Pig Iron Prices Higher Continental Trust Co. g e 5 S | CR e By, lob 1 MeAndrews 260 40 ' i?i"}:t{.\r:‘f).'.' S EW YORK, September 4 (P Brokerage Service ( v B 0 drices of pig iron are 50 cents & tor e L MeCrory B(2).. 1 iba CREE e ; { pig iron are 50 ts & ton s , - ckeespt Tin Pl 71 i 7 st gl . rer in the Pittsburgh district. No. 2 14th and H Streets 93 1 hilds( s il 5 : AL : iry is quoted at $17, Béssemer and ntle Got Mack Truck(6). 95 & Gniow Baa oy que . - Macy (R ) (ch) i Basic $16.50 Mad Sq Gar (2) Magma Cop(3). Capital, $1,000,000.00 Tass Oag Co. o8 P A k 2% | Matiinon & Ca.e. 24 : HL hrysler Unton Tank(b) WADE H. COOPER, President Unto [ 1 Basic okl o <Forn , 6) 3 pe 1 moved u e 3 e tiole) 7 carloads from 171,330 in s Mallison pt(1) Lio4 ¥ g g I(T). . 1 . Distributin gust last year. The month's business on s ph S MRER b | e e i G. M.P. MURPHY & CO. st S Leather A.. i+" i NEW YORK BANK CLEARINGS. 1508 H Street Connecticut at K 5 ltealty (4). Mar-Rock 12% « 5 Rubber. ... 5 NEW YORK, September 4 (Special 5 SO ON ~ New York bank clearings, $792.000 WASHINGTON, D. C. SSay i . 4 s ¢ 3 ( 000, New York bank balances, $137.000. T Sound Fir vent 17 3 aL ey Sm pE(3 4 A 000: \“.“mx‘;u K Bank balanc ortgage Notes i x " i ¢ N . teel pf(7) 1 » New York For the NE er 4 2 6) - ‘ Mexican Seab. . . T A TREASURY CERTIFICATES Private Wire and Telephone to New York Conservative > ¢ ot : 26| Mid Continent AR Sl ! 5 L by J. & W Investor : t2o0 LG ient3 4 e e Uuil P&L A (e2). om the dawn of 3 7 Midland pft12) 2 vanadium(14).. civilization First Mort " ext Miller Rubber A Raalte the . e Bin M AT L L - il ' = F. B. KEECH & COMPANY Mathieson (6) phone Main 9600 Can & Tex Mo K&Tex pf(7 \ro Chem Missouri 'acific Car Ch pf(3) Missour! Pac pf. 1284 Car Ch pI(7) Vito Sew Mach 6 g New York Stock Exchange New York Rubber Excha Mohawi C 621 | Vivaudou Co..e 8 vs OV(1.20) 23 ] Washington Stock Exchange Chicago Board of Trade Montgmey W (i A Vulcan Detin 1 4 1son & Co.... 1 1 1 Chicago Stock Exchange New York Cotton Exchange Moon Motor \ Vulean Detin son Co pf A g New York Curb Market New Orleans Cotton Exchange Mother Lo(30c) Vule bet g . | Wilson & Co pf. 6w New York Coffee and Sugar Liverpool Cotton Exchange, Ltd. Motor Meter A Wbt i (1, | Woolworth(8).. 2004 2 Exchange 4 s Mem - Motor Whic2) wa ik Warth Pump(A) 64 > " Mulline Mfg. . Ward CLA(8) 05 | Worth Pump(i) 48 n 1510 H STREET N.W., WASHINGTON. D. C s | ward Bakin | Wrtsnt Aeroc2) 1x0 Nash Motrsi16) Warner b 0 1 131, | Wrikley(161%) New York Philadelphia Providence ‘ ‘ "‘y‘w' ‘I“""‘k"" i 52 Broadway The Ritz-Carlton Grosvenor Building Murray Corp. .. | v 0% | Nat Acme (sta) Warner I'io A H Nat sellas Hess " Warner-Quz) . 5 » (164 ) \Warren Bros4) FOREIGN EXCHANGE, Javison Chem . DAL CRRD RR(T) £ Iasren R bs o7 i Hourly Sales on N. ¥ 231 So. La Salle St Jel & Hud(y) k2! 199 2 Nat Dalry(3) b Web & Hell 67y s 6Th 6T _ i o o Ilam 816,700 1%nooni43 Jen RG Wi 67 at Dept Stores W Penn EIA(7) 106 106 106% G Wo pt Y ' t Dept St E Lpm. 2192100 2D 2,685,400 DIvidend rutes as €iven tn the above tavic Private Wires to 4 e annvialcoeh mpvinency'Suted! o e wiii & futest auarterly or halt-yearls deciaratio o o i Jamond M(19) 160 iat Pow&Lt(1) West DalryA(4) 59 St of" tradlng less \han 00 ; e N “;' Providence 4 ¥ 2 tadia West Dairy B 8 Jte | 1. Partly extra ' t Plus 4% in stock. § Plus oston ow 0K Ares A . ot iiehis M Bres ity 13 in preferred stoek * ¥ Blus 1735 in stack Phil e N Jodge Bros pt 1 1 1 101% 10 y West Mary land 5% [ & Fatd this vear—no regular rate b Pay a p) Dome Mines(1) F | Nat Ry Mex > 4 i | aple'n stock o Blus A% b staok d pav iladelphia Unt Rble ‘Wheny sacied e Payuble in cashor ru tno(4) 15% 118 VAt Supply (16) 7 West Unton(8). | O T T " 1 Int4) 5 5Bl atsug (1) 5 1 Westhse A B(Z) 46 48 o | OO & PUATID W abeeh; BRI ! Cable “Keecheo” ARTy 48RS ABR'M| Nat Surety(10) Westanghse(4). 1075 107 106% 106% | stock & Plus 1/120" share auatterly 1n | o A ) 0y Ik ok ok m Pavavle 1710 share utarierty in | i At Tea i b 08 Uiitea Clear Stores common stock: B Plus 100's 100% Novada C(1%).. & % Wosthn Electrle 22 22 22 lwb in st0CK oit Bd(8).. 2 2 206 > 5 W Penn K1 pfi6) 100 1004 1004 Jevoest C1A 13 4 ! 13 s 1 W Penn K1 pf(7) 112 evoed R 1st07) 14 N [ West P Po pf(1) 11