Evening Star Newspaper, September 20, 1928, Page 14

FINANCIAL. WE WILL SELL $2,000 Fairfax Apt. 6%s Gen. Mts. 20 F. H. Smith Pref. 7%, 12 International Bank. 200 Real Estate Mte. & Guar. $1,000 So. Consolidated Granite. 20 Wardman Mtg. & Dis. Corp. MEHLMAN & COMPANY, 1319 F St. N.W. . Ph. Main 8847 Money Available for FIRST DEED OF TRUST LOANS On Completed Prope: for Construction U Reaconable Interest and Commission Rates JAMESF.SHEA 643 Louisiana Ave. N.W. s and Over a Third of a Century’s Ezperience Will October "the First —see your apartment rent- ed to capacity? Do you hesitate to answer “Yes”? Brief conference with us— without obligation to you— will suggest management methods and policies that will tend to ease your mind. Don’t wait. B. F. SAUL CO. Main 2100 925 15th St. OVING? Your Office ® . ‘When you move is the time to choose new office furniture that will suit your new space requirdmentsmost efficiently and make your office seem like a mew place. If you intend to move so0n, stop at our show- rooms to see our com= plete display of office furniture. Blow your horn and we'll park, your car for you. imjaia THE W. D. CAMPBELL COMPANY Two Entrances . N.W. 1506 L St. N.W. 1018 15th %n 1505 What Is a Safe Investment? Since the dawn of civili- zation wide experience has proven that a First Mort- ge Note on a man’s ome is the very soundest type of security. This ;am- ny specializes on First ortgage Notes secured by fine, modern, owner-occu- ied homes in nearby aryland communities. Both principal and interest are unconditionally guar- anteed in each and every case. Illustrated booklet sent upon request without obligation. CERTFICATES GIVEN 66 JUNIOR BANKERS Prizes for Scholarship Also Awarded at Institute’s Annual Fall Rally. BY EDWARD C. STONE. Certificates were awarded to 66 Jjunior Washington bankers last night at the Willard, some of whom having completed three years' hard work in the local Institute of Banking and courses. There was a record attend- ance and great en- thuslasm. James A. Soper, the chapter president, presided and the chief speakers were Dr. Samuel W. Graflin of New York, and Robert V. Fleming, presi- dent of the Dis trict Bankers’ As-| sociation. Mr. Fleming Jauded the work of the insti- James A. Sover. tute and declared| that the job seeks the man rather than the man the job in these days.| Dr. Graflin asserted that the six cor- ner stones of real success are “courage, capacity, character, capital, culture and courtesy.” He is a former local clergyman, is now head of the New York Y. M. C. A, and his address last evening was a brilliant effort. Special Prizes Also Awarded. About $500 in prizes was also award- ed to the students attaining the high- est scholarship marks. These prizes are given by local bankers and organi- zations and are usually $50, which is divided into $25, $15 and $10 awards. Most _of these awards were made by Mr. Fleming for the various donors. The winners and their ranks were: Robert V. Fleming prize in invest- ments—Donald A. McCormack of Riggs National Bank, 99; Virginia A. Weak- ley of the Guaranty Co. of New York, ‘99; W. Harry Finney, Y. E. Booker Co., 97.75; Peyton B. Fletcher, jr., Riggs National Bank, 97.75. W. W. Spaid prize in business fore- casting—Phillip M. Garnett, Riggs Na- tional Bank, 98; Donald A. McCormack, Riggs, 97.6, and John L. Schram, Treas- ury Department, 95.66. George O. Walson prize in credits— Alice H. Whitton, First National Bank of Alexandria, 99.5; John R. Keener, Riggs, 99, and Eugene R. Marks, Mer- chants Bank & Trust Co., 98.5. Victor B. Deyber prize in standard economics—Miss Leona Rider, Prince George Bank, 94; B. Winters Richwine, B. F. Saul Co., 935, and Charles C. Cranford, Liberty National Bank, 93. John Poole prize in negotiable instru- ments—Miss Blanche Wise, Treasury Department, 99; James E. McGeary, W. B. Hibbs Co., 98; Mrs. Virginia M. Harrison, Takoma Park Bank, 97.5. George W. White prize in analysis of financial statements—Ffank V. Cook, the National Metropolitan Bank, 95; Robert G. Whitton, First National Bank of Alexandria, 95; John R. Keene, Riggs, 94; Henry F. Kimball, American Security & Trust Co., 94. William J. Flather prize in trust func- tions—Mary L. Chadwick, Washington Loan & Trust Co., 99.9: Washington Loan & Trust Co., 96.25; Henry K. Dierkoph, Riggs, 88.25; John F. Anderson, Treasury Department, 88.25. ashington Clearing House Associa- tion prize in banking fundamentals— Nelson D. Smith of Crane, Parris & Co., 99.25; George Ellis Robey, Washing- ton Loan & Trust Co., 99; Willard G. Barker, Morris Plan Bank, 98.75, and G. Edward Foreman, , 98.75. Charles J. Bell prize in standard banking—Randolph P. Butler, Riges, 97.5; Willard G. Barker, Morris Plan Bank, 95.25, and C. C. Cranford, Liberty 98.5; Homer G. Smith, Commercial Na- tional Bank, 98.5; Helen V. Reed, Burke & Herbert of Alexandria, 98.5. i VomEnE O P 0 o le S lar course—Miss Leona T. Rider, Prince Georges Bank, Mount Rainier. 1 Standard Course Graduates. The following 35 graduates of the institute’s standard course in banking were awarded certificates: Gordon E. Arnett, William L. Ashdown, Homer K. Barrett, O, K. Byerly, John M. Castell, jr.; Hollis de W. Champlain, Charles C. Cranford, J. Arthur Cromwell, Floyd S. Davis, Wilbur €. Dieter, J. Fred- erick English, John Rhea Farrell, 8. H. Field, Sallle Withers Fletcher, John C. Pranzoni, Harold F. Gates, E. M. Gover, Charles B. Hagan, Daisy C. Higgins, E. T. Lee, Fred T. McIntyre, jr.; Marie C. Mallon, Horace Truxton Morrison, Rich- ard A. Nessis, Lincoln H. Phillips, Leona T. Rider, Hilda M. Shomo, Robert A. Sisson, Nelson M. Stokes, Curtis L. Thrift, Willilam M. Topping, E. J. Tuck- er, Herbert W. Walker, Spencer Blixx Walz and Charlie H. Weckerly. Graduates of the fundamental course who received preparatory certificates First Mortgage Money in Any Amount FOR financing construction, or for refinancing completed buildings, you will find here ample first mortgage money to meet your needs—provided, of course, that the property is of an economically stable ~character nd affords adequate security. ‘Without obligation on your part we shall be pleased to send you further information. In request- ing it, please specify the amount of the loan desired, and give a brief description and the approxi- mate valuation of the property. - REALESTATE - MORTGAGE & GUARANTY CoRPORATION "Capital Resources $ 3,400,000 26 JACKSON PLACE were: J. Sheridan Biays, A. L. Brault, James R. Byrd, Dalton Cook, Francis Duehay, James F. Hutchinson, N. C. Linger, John A. Martin, Drayton C. Mayers, Alton C. McAllister, James P. Mitchell, Warren Moore, Irwin G. Owings, Kenneth R. Robertson, Charles M. Schwab, Curtis E. Shook, William M. Sinclair and J. Olan Skinner. Credit cards for the completion of postgraduate subjects were awarded the following: Credits—Frank V. Cook, Willlam N. Cradlin, John Paul Foley, H. N. Glasco, John Keener, Raymond D. Lewis, McLean, Eugene R. Marks, Stuart S. Ogilvie, Alice H. ‘Whitton and Robert G. Whitton. Business forecasting—H. W. Burnside, P. M. Garnett, Paul F. Griffin, John R. Keener, Albert Lyman, Donald A. Mc- Cormack, John Stephen Ramsburgh, Robert B. Riley, jr., Walton L. Sander- son, John L. Schram, Edwin C. Steffe, Merchant Wentworth, . Trust functions—John F. Anderson, Mary L."Chadwick, Henry K. Dierkoph, Bessie B. Filllus, Homer L. Shamtz, jr.; Edwin C. Steffe, Sayde L. Weir, Lee Ross Wilson. The number of tie scholarship marks noted in connection with the prizes caused great interest. In several in- stances the winners of third place had to divide the $10 award. Heavy Trading on Exchange Today. Sanitary Grocery preferred touched a new high again today, selling on the local exchange up to 135%. Other issues were strong and active. Lanston moved at 1131 and Mergenthaler at 1005%. Potomac Power 55 per cent preferred sold at 109 and the 6 per cent issue at 113, Peoples Drug at 113, Sand & Gravel preferred at 92, and five shares of District National Bank stock changed hands at 243, Norfolk & Wauplngwn Steamboat stock brought 304%. In the bond division Washington Gas 5s moved at 102%% and Gas 6s, series A, at 105. Capital Traction 55 came out at 101%. Potomac Electric consoli- dated 5s registered 1017% and the same corporation’s first 5s sold at par. ‘The directors of the Security Savings & Commercial Bank yesterday declared the usual 4 per cent quarterly dividend, payable September 30 to of record September 25. ‘The Mount Vernon Savings Bank has also declared the regular quarterly divi- :lmd of $1.50 per share due at this other many special | THE EVENING Abitibl Power (4 Abitibi Po pf(6) Adams Exp (6).. Adv Rumley.... Adv Rumley pf. Ahumada Lead. Air Redetn (13). Ajax Rubber. .. Alaska Junea... Albany Papr(2 Allied Chem. ... Allied Cm pf(7). Allis-Chalm (7). Amerada(2).... Am Agricul Chm Am Agri Ch pf.. Am Bank N(3). Am Bk N pf(3). Am Beet Sugar. Am Bosch....., Am Br Sh(j1.60) AmBShoe pf (7)., Am Brown Bov. Am Brown Bo pt Am Can(2)..... Am Can pf(7).. AmCar&Fdy (6) AmC & F pf(7). Am Chain pf(7) Am Chicle(3) Am Drug(80c). . Am Encau( Am Express Am & For Pow., Am Home Pr(3) Am Ice(T2%). . Am Internati(2) Am LaFr&Foam Am Linseed. ... Am Linsd pf (7). Am Locomot(8). Am Loco pf(7).. Am Metals(3).., Am P & L(11).. Am Radiator(5) Am Republic. .. Am Saf Raz(15) Am Smelting(8) AmS & Rpf(7). Am Snuff pf(6). Am Stl Fdys(3). Am St Fy pf(7) Am Sugar...... Am Sumatra (3) Am Tel & Tel(y) Am Tobacco(8). Am TobaccoB(8; Am Tob pf(6).. Am TypeFo(8) . AmWW&EIl(cl) . AmW Wist pf(6) Am Woolen. ... Am Woolen pf. . Am Wr Pa pf cfs AmZinc........ Am Zine pf..... Anaconda (4)... Archer-Dan(3). ArmourDel pf(7 Armour, 111(A)., Armour, 111(B). Armour, 111 pf(7) Arnold Con & Co Asso Dry G2l Asso D G 1st(6) Ass0 O11(2) ...t Atchison(10)... Atchison pt(5 Atl Coast L(10) Atl Gulf & W1 Atl Refining (4 Atlas Tack. Austin-Nichols. Austin-Nich pf., Auto Sales..... Auto Sales pf(3) Autostrap A(3). Balto & 0(6)... Balto & O pf(4). BankofMan(16). Barnsdall A.. Bayuk Cigars Beacon Ofl...... Beachnut(13).. Belding-Hemwy Best & Co(3)... Bethlehem Steel Beth Steel pf(7) Bloomingdale. . Booth Fish 1st. Borden Milk(6) Briggs MfgFCo. British Empire. Brockwy Mot (4) Brockway pf(7) Bklyn-Man(4)., BklynUnGas(5) BrownShoe(23) Brunswick B(3) Brunswick Ter. Bucyrus(1).... Bucyrus cv(2%) Burns BrosA (8) Burns Bros(B). BurnsBrospf(7) Burroughs(t4). Bush Term(g2). Bush Ter de(7). Butte Cop & Z.. Butte & Sup(2). Butterick Co. By-Prod(12.75). Calif Packg(4) Callahan Zinc. .. Calumet&Ar(6). Calu & Hecla(2) Can Dry (t4%). Can Pacific(10). Cannon Mills. .. Case Threshg(6) Cent Alloy(2). . Cent Alloy pf(7) Century R pf(7) Cerro de Pas(5) Certain-Teed(4) Chandler-Clev.. Chandler-Cl pf. Ches & Ohlo(10) C & O Corpn(3). Chi & Alton..... Chi & Alton pf.. Chi & East 111 pf Chi Great West. Chi Gt West pf. Chi Ml & St P.. Chi Mil & StP pf Chi & Nwn(4).. Chi&Nwn pt(7). Chi Pne Tool(6) Chi RI&Pac(6). CR1&Ppf(6). CRI1&Ppf(1), Chi Yel Cab(3). Chickasha (3) Childs(2.40), Chile Co(2%) Chrysler(3) City St B6% Coca-Cola(6)... Collins & Aikmn Col & Afk pf(7). Col Fuel & Iron, Col Sou 1st(4).. Col Gas & El(5) Col G&E pfA(6) Col Carbon(4) Com Cred(1). Com Cristpf 6% ComInvTr(3.60) Com Solvents(8) Com Powr(t3).. Com Powr rts... Com Inv (war).. Conde Nast(2).. Congpleum-Nair Cong Cgrs (16).. Consol Cgrs(7), ConClgprpf (6% ) Con Film pf(2). Consol Gas(5).. ConsolGas pf(5) ConRRCuba pf 6 Consol Textile. . Container A 1.20 Container B 60c. Cont Baking A.. Cont Baking B.. Cont Bak pf(8) Cont Can(5), Cont Insur(6) Cont Mont (80c) CornExBank(20° Corn Pro(3%) Coty Inc(gb) Crex Carpet. ... Crucible Stl (5). CubaCaneSugar. Cuba Cane Su pf Cuba Company . Cuba R R(4.80). Cuban Am S(1). Cuban Dom Sug. Cudahy Pkg(4). Curtiss Aero(1). Cushman's(§4) . Cushmann pf(7) Cushmann pf(8) Cuyamel Fruit.. Davison Chem. . Debenhms (2.18) Deere&Co pf(7) * Den RG Wn pt.. Detrolt BA(8).. Open. 51% Byer&Co...... 1 554 216% STAR. WASHINGTON. D. €. THURSDAY, SEPTEMBER 20, 1928.° Received by Private Wire Direct to The Star Office. . Low. Close. 50% 6% 43% 5 108% 51 4 252% 166% 166! 116% 117 61% 21% 81% 17% 760 86% 219% 124 8% an 17 24 86 181% b5% 554 216's 215% 187 105% 5T 110% TTv 69% 180% 165 166% 116% 116} 4 4 Ope! Devoe A (13.20). 56 Diamond M(19). 162% Dodge Bros A... 21% Dome Mines(1). 9 Drug Inct4).... 111% Dul SS & Atlan. 4 Dunhill Int(4).. 60 Dupont($13 50) 383 Du Pont deb(6). 118% 179% Eastman(18)... Eaton Axle2).. 58l Eisenlohr&Bro. 204 Eisenlohr pf(7). Eitingon (2 Eitingn pf(6%). Elec Auto L(4). Isiec Au L pf(7). Electric Boat ElecPow&Lt( Elec Stor Bat(5) Elk Horn. Eik Horn . Em Brantgm(A) Emmerson B pt. End-John(5). .. Ingineers Pub S Eng Pu S pf(5). Eauit Bldg (2).. EquitableTr(12) Erie R R. 5 Erletstpf..... Eureka V(t%). Fairbanks Co pf. Fairpanks(). .. FedLight(h1.40) Fed Light pf(6) Fed MotT'(f80c) Ridelity-Phoenx First NatS(1%) Fisk Rubber. ... Fisk 1st pf(7).. Fisk 1st pf ev(7) Fleischmann (3) Florsheim (A).. Florsheim pf(6) Foundation Co.. Fox Film A(4).. Freeport (1614 ). Fuller pr pf(6). Gabriel Snub A, Gardner Motor.. Gen Am Tnk(49. Gen Asphalt.... Gen Cable...... Gen Cable A(4). Gen Cigars(4).. Gen Elec(15)... GenLlec sp(60c) Gen Ice Crm(3). Gen Motors( 7). Gen Mot pf(7).. GenOutdrAd(2). Gen Ry Sig(5).. Gen Refrac(3).. Gillette Raz(5). Gimbel Bros. Glidden Co..... Glidden (rights) . Glidden pr pf(7) Gold Dust (5)... Goodrich(4).... Goodyear Tire. . Goodyr 1sLpf(7) Gotham($2%).. Gotham n(12%) Gothm pf exwar Graham-Paige. . Grhm-Paige cfs Granby Min(4). Grand Stores(1) Grand Unfon. ... 107% 24% 12% 6% 5 | Grand Un of (3) Grant WT (1).. Graselli (2.68).. Grt North pt(5) Gt Nor pf cfs(5) Grt Nor O(1%). Grt Wn Sug 2.80 Grt Wn Su pf(7) Greene Cana(4). Guantanamo Su. Gult Mo & Nor.. Gulf States Stl. Hacknsk W (1) Hanna 1st pt. .. Hartmn B(1.20). Havana El Ry. . HavEl Ry pf(6) Hershey Corp. .. 14 | Hershey peca). Hoe& CoA..... Hoe & Co rights. Hollander & Son Homestake(17). Houshold(14).. Houston O1l..., Howe Sound(4) Hud Man(2%). Hudson Mot (5) Hupp Mot (£2). Illinots Cen(7). Indep O11(1).... Indian Mot(1%) Indian Mot pf(7) Indian Refining, Indian Refg ctfs Inland S(kt6%). Inspiration Cop. InterboroRapTr InterconRubber Internat Agri... Int Ag Ch pt (7). | Int Bus Ma(5).. Int Coment(4).. Int Com Eng(2). Int Harv(j6). .. Int Harv p£(7). Int Mtch pf 3.20 Int Mer Marine. Int Mer Mar pf.. Int Nickel (3)... 12 Int Paper(240). Int Prig Ink 2%, Int Ry Cent Am, Intl Salt(5) Int Tel & T 1 1sland Creek(4). Jewel Tea(4)... Johns-Many (3). Jones & Lau(7). Jordan Motor. .. KCP&L 15t(7).. Kan City South, Keith-Al pf(7). Kelly-Spring. .. Kelly Tire 6%pf Kelly Tire 8%pt Kels Hayes(2).. Kelvinator Corp Kennecott (6).. Kinney (G R) Kinney pf (7) Kolster Radio. . Kraft(gl%)... Kresge(11.60)... Kresge Dept S.. Kress (S H)(1). Kroger Gro(el). LagoOll....... Lambert (1614). Lee Tire & Rub. Leh Por Cmt 2% LehighVal(3%) Lehn & Fink(3). Lig & M p£(7).. Lima Locomt Liq Carb(3.60) Louisiana 011 LouisGasA (1. Ludlum Stl(2).. « | McCall Corp(3). McCrory A(2).. Mclntyre P(1).. McKeespt Tin P) Mack Truck(6).. Macy Co (2).... 142 Mad 8q Gar (2). Magma Cop(8).. 4 | Mallison & Co. .. 1 Mallison pf(7) Mandel(2%) 14 | Man Elec Suply. 55! 215k Man El m2g(db) Man Shirt(2)... Maracaibo Oil.. Market Street. ., Mariket St prio Marland Oil. Marlin-R(13%). Martin-Parry Mathieson(6) May Dept S(4) Maytag(13). Maytag pf (3 Minn & St Louls Mo Kan & Tex.. 42% M4 K&Tox p2(7) 104 n. 208% 247% 1 1044 56 161% 21% 9% 1% 3% 60 388 118% . Low. Close. 568 161% 21% 52% 99% 41% 103% 697 108% 2314 Missour! Pacific Missour! Pac pf. Mohwk Car 215 . Montgmry W (1 Moon Motor. Mother Lo(3! Motlon Pic Corp Motor Meter A Motor Prod (2) Motor Whi(2) Mullins Mfg. Murray Corp. Nash Motrs(16) Nat Acme (sta). Nat Belias Hess NatBHess pf(7) Nat Cash R A(3) Nat Dairy(3)... Nat Dept Stores Nat Distillers. .. Nat Distillers pf Nat Enamel & S Nat Lead(5).... Nat Pow&Lt(1) Nat Radiator.... Nat Ry Mex 2d. Nat Supply(76). NatSupply pf(7) Nat Surety(10). Nat Tea(4)... Nevada C(1%) N Y Air Br(3).. N ¥ Central(8). NY NH & H (2). N'Y NH&H pf(7 N ¥ Ont&Westn N Y Stm pf(6).. N ¥ Stm pfA(7) Norf & Wn(+10) NorAm b10% stk North Am pf(3) NorAm Ed pf(7) North Pac (5).. Nor Pac efs(5).. Norwalk Tire. . Norwalk Tire pf Nunnally Co.... Oll Well Supply. Oil Well S pf... Omnibus. ... Otis Elev(17). Otis Steel...... Otis Stl pr pf(7) Owens Bot(ct4) Pacific Coast. ... Pac Coast 2d pf. Pacific GastZ).. Pac Ofl Stubs. .. Pac Tel & T(7). Packard Mo(14). Pan-Am Petrolm Pan.Amer Pet B Panhandle. .. .. Parmt-Fm (38).. Park & Til (33).+ Park Utah(80c). Pathe EX.. 0000 Pathe Ex (A 4| Patino M(2.92). Peerless Motor. Penick & Ford.. Penn C&Coke. ... Penn Dixie Cmt. Penn RR (3%). People’s Gas(8). Pere Marq(f8).. Pere Marq pf(5) Pere M prior(5). Phila & RC& 1.. Phil Morris(1).. PhillipsPet(1%) Phoenix Hoslery Plerce-Arrow. .. Pierce-Ar (A. Pierce Oil. Pitts Coal. Pitts Coal pf.. Pitts St pf(7).. Pitts Term Coal Pitts& WVa(6).. PortoRicoTobB. Postal T&C pf 7. Postum (3)..... Pressed Stl Car. Pr Stl Car pf(7) Produ & Refinrs Pub Serv NJ (2) Pub S NJ pf(8). Pub SE&G pf(6) Puliman Co(4).. Punta Aleg Sug. Pure 01l (50¢).. EW YORK STOCK EXCHANGE Open. 74 120% 425 .252% 7 3 10 Purity Bak(3).. 1 Purity Ba pf(6). Radio Corp..... Reading Ry (4). Reading 1st(2).. Rels (R) & Co.. Remingtn-Rand Rem-Rd 1st(7). Rep 1 & S pf( Reynolds Spngs. ReynldsTobB(5) Richfield Oil1(2). Royal D(a3.222) St Jos Leadt13). StL & SanF'(18) . StL&SF 2d pd (6) StL&Southwesf Savage Arms(2) Schulte (j31) Seab Air L pf. Seagrave(el.20) Sears Roe($2%) Seneca Copper. . ) Simmons Co(3 Simms Pete. Sinclair O1 Sinclair pf, Skelly O11(2) Sloss-Shef (6) . Snider Packg C Snider Pkg pf... So Por Ric S(f2) South Calif Ed.. ). SouRyM&Ocfs ¢ Spang Chalfnt Spicer Mfg. . Spiegel Co (3).. Std Com Tob(3). SG&E (3%). Std G & B pf(4). Std Milling(5).. Std O Cal(2%).. StdOlINJ (113%). StdOINY (1.60). Std Plate Glass. StdSanPro(1,68) Stanley Co...... Stewart-War(§) Studebaker(6) .. Sun Ofl(nl). Superior O Superior Ste Sweets of Ame Tejautogh(80c). Tenn Copper(1). Texas Corpn(3)., Texas Gulf Sul; Tex Pac C & Oil. Tex Ld Tr(new) Thatcher Mfg. Thatcher pf 3.6 The Fair(2.40). The Fair pf(7) Third Avenue. . Thomp J R(3.60) Tidewater AsO1l TIdWASOiIpf(6) Tidewater Ol 80 Tide W Oil p£(5) Timken(15). Tobac Prod ( Tobac Prod A( ‘Transcont Oll... TricoProd(2%) T'win City RaTr. Twin City p£(7) Udwd Bl F(4).. Un Bag&Pap Unton Carb(6) Un Oil Cal(2)... Union Pac(10).. Un Pacific pf(4) Utd Biscuit 1.60. Utd Biscuilt pf(7 Utd Cigar St(1), Utd Cgr St pf(6) Utd Fruit(15%) USCIPet(10) U S CI1P&F(10) 8 Distributing Hoffman(4). Alcohol (6) Leather. Lo u u u o u v 135 1354 49% 49% STOCKS HOLD OWN DESPITE HIGH RATE 9 Per Cent Money Weakens Prices, but Fails to Cause Break. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, September 20.—Call money went higher again in today's stock market. Renewing at 7z per cent, the rate was raised to 8 per cent oon, to 8%, per cent at 1 o'clock, :;dn in the last hour to 9 per cent. Only once before, on July 2, had call funds commanded so high a rate since the deflation days of 1920 and 1921. Prices for stocks weakened somewhat toward the close, but there was no break. The market exhibited the same stubborn _resistance it has shown all along. Before money was marked up General Motors, above 212, had made a new high record, and Packard, at 91, had done the same. The close was ir- reg’l“li:gt}rpenlng was strong all around. Leadership was assumed by General Motors which was turned over in huge volume only fractionally under the high of the year. Presumably the buying | forecast ‘some extra distribution on the | ock. L Packard was the feature among the independents. It climbed 3 to 4 points and touching 89 was at a new top. The bulk of the trading in the motor issues was in these two, but the others responded more or less. Coppers Recovering. Copper stocks which had to accept heavy realizing in the preceding session did better today. How Sound was rushed up to a new high around 68, and Cerro de Pasco advanced 3 points again easily. News from the trade was all favorable. A sale of several million pounds for domestic delivery was re- ported at 153 cents a pound, a new high on the movement. It was also announced that 15,000,000 pounds had been sold for export Wednesday, a new high record for export sales. Steel stocks lagged behind although Colorado Fuel was strong at times. United States teel during the fore- noon did not vary much from the pre- ceding close. On the other hand, several of the utilities were bid up enthusiasti- cally, among them Columbia Gas to a new high for the present shares, and National Power & Light also to a new high, since listing. American Power & Light and Commonwealth Power went higher. Specialties Climb. Demonstrations were witnessed in a number of specialties. Davison made a new top at 65. Philadelphia & Reading Coal & Iron displayed unusual activity. One of the reports was that buying was for the account of a large utility inter- est. Gillette Safety Razor went to a new peak. Atlantic Refining and Texas Corporation were the leaders of the ils. oils. Rail stocks were neglected. Rock Island gained a point and New York Central was well supported, but the fir:l“ majority of carrier stocks did ttle. Money renewed at 7% per cent and was in good demand at that rate. The indications were early in the day that the charge would be advanced and just after noontime an advance to 8 per cent was posted. Motors Lead Opening. At the opening concerted efforts were made to bolster up the main body of stocks by bidding up such industrial leaders as General Motors and United States Steel. The former, opening on a block of 6,000 shares at 208%, gained a point overnight, and the latter at 157% was up almost as much. Cerro de Pasco stood out among the coppers, although it was still seme dis- tance from its recent record high. Mis- souri Pacific issues continued in favor in the ralls. Low-priced public utilities showed strength, notably Electric Power & Light, National Power & Light and American Power & Light. Gillette Safety Razor continued an outstanding feature among specialties, advancing over 2 points to a new high when it crossed 112. As the first hour progressed the mar- ket became increasingly strong. Gen- eral Motors at 211 sold within a frac- tion of what was virtually its highest in history. Its strength had a stimulat- ing effect upon some of the others of the group, notably Packard, which was 3 points higher at 881%, its former top, while Briggs Manufacturing gained over 3 points to its best. The coppers were again among the leaders, with Anaconda, Calumet and Arizona and Kennecott sharing leader- ship with Cerro de Pasco. £ Atlantic_Refining again led the -oil shares, making a new top across 184. The call money renewal rate was ad- vanced to 7% per cent, as against the 7 per cent rate yesterday. Smelt (3%). U S Steel(7).... U S Steel pf(7). U S Tob pf(7).. Uni Leaf Tob(3) Un Leaf T pf(8) 2815 28% 106% 106% | i :" i Uni Pie 1st pf(8) Univ Pipe & Rad Utah Copper (8) Utll P&L A(e2). Vanadium(t4) Vietor pr pf(7) Va-Caro Chem. . Va-Car Ch pf( Va-Car Ch pf(7) Vivaudou Co.... Vulcan Detin(A) Wabash........ Waldorf(1%)... Walworth(1.20) Ward Cl A(8)... ward Baking B. Ward Bak pf(7) Warner Bros Pic Warner PicA... 1 Warner-Qu(2) Warren F&Pipe. West P Po pf(7) West DairyA(4) West Dairy B... West Maryland. ‘West Pacifio pf. West Unton(8). Westhse A B(2) Westinghse(4). Westhse 1st(4). Weston Electric Weston A(2)... White Eagle(2). White Motors(1 White Rock(2). White Sew Mach Willys-Ov(1.20) Wilson & Co.... Wilson Co pf A. Wilson & Co pt. Woolworth(6) Worthn Pump. Worth Pump(B) Wright Aeros2) Wrigley(16%).. Yale&Twne(15). Yellow Truck... 39% Youngstn Sh(5). 2% Sales on N, ¥. Market. 1lam. 905,700 300 1p.m.. 2,412,300 Dividend rates annusi o 26% 13 29% 68% 192% 894 4% 173 (LR 65 9w 4o% s 122% 122% 120% 120% FINANCIAL," Penn Coal Plans Bond: NEW YORK, September 20 (#). An increase in' the indebtedness of Penn Coal & Coke Co. not to exceed $750,000 has been authorized by stock- holders. New financing through an issue of bonds is said to be contem- plated. Operations for the current quarter are expected to make a better showing than in the same period last }'Sar ‘when loss of $400,000 was report- ed. LOANS ey STORACE OR TRANSFER Let us have your applications | | . { LOANS ON REAL | ESTATE } Immediate Action Courteous Treatment ’ | | Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. EXPERIENCE CONSTRUCTION LoANS Mortgage Loan Department SHANNON & LLUCHS, 1nc. 1435 K St..N.W. Phone: Maino 2345 | Consult Us First | If you need money for your Real Estate financing - let us have your application today. Prompt Service No Appraisal Fee The Commercial National Company Incorporated Pald up Cash Capital. $900.000 Commercial National Bank Blds. 1ith and G Capital, Surplus & Undivided Profits, Over $2,000,000.00 Long Years of Successtul . Banking —underlie the service The Metropolitan places at- your disposal. A connection with us insures access to facilities that provide for every con- ceivable banking situation. National Metropolitan Years Oid o 15th St. opp. U. S. Treasury {[Your business is invited. 39, Paid on Savings On Improved Property ° We invite applications for loans on im- proved property on a MONTHLY PAYMENT BASIS OR STRAIGHT THREE-YEAR PLAN Low Interest Rates MERICAN SECURIT Real Estate Dept. 15th and Penna. Ave. BRANCHES: Southwest—7th and E Streets S:W. Northwest—1140 15th Street N.W. Northeast—8th and H Streets N.E. Central—7th and Mass. Ave. N.W. we are changing our clothes . EXT week will inaugurate an entire change in the appear- ance of the advertising of Swartzell, Rheem & Hensey Co. We expect to continue to make these ad- vertisements interesting and informa- tive, but in order to keep pace with modern changes, we too will adopt a modern dress, which we feel will be more interesting to the eye. This change is typical of the alertness of the officers of this organization to keep abreast, and if possible, just a step ahead of the times. And so, our First Mortgage Notes are attended by every modern safe- guard—to insure you, and others who may purchase them, against any possibility which may arise. For this reason, their safety is a thing which is generally taken for granted, and the return of 6% should be atttractive to you. E Watch for our new advertisements starting next week. SWARTZELL, RHEEM & HENSEY CoO. MORTGAGE BANKERS 7T ST -\ WASHINGTON D.C. [