Evening Star Newspaper, September 21, 1928, Page 14

FINANCIAL.? In Nearby Virginia Prudential 5 /2% Insurance Co. Loans Commonwealth Investment Co. 817 IMb St AW Phone Main 2623 WE FINANCE —all classer 01 income-producing oroperty Large Loans a Specialty Current interest rate and commisaion Higbie & Ri~hardson, Inc. (CAPITAL TRACTION AUGUST NET OFF Hcavy Trading on Local Stock Exchange—Young Talks on Bank Credit. THE. EVENING | Abitibl Power (4 Abitibi Po pf(§) | Adams Exp (6). Adv Rumiey. [ Adv Rumley pf. | Ahumada Lead. | Air Redetn (13). | Asax Rubber Alaska Junea Albany Papre2 Allied Chem . Allied Cm pf7). Allis-Chalm (7) STAR. WASHINGTON. Received by Private Wire Direct to The Star Office. . Low. Close. | 79 179 | Nash Motrsit6) i Nat Acme (sta). Nat Hellas Hexs castman(t8) .. *| Katon Axle2).. | Eizenlohr& Rro, | Ertinzon (213).. M Eitinzn pfi6le) ! e Auto Lid) J3% ) Eiee Au Lopf P8 lectic B B | GlacPow k. SIP0& L f pd(7) e Stor Bates) 105% 105 1070 1145 AL Nat DSt Is1(7). Nat Instiliers Nt Enamel & S Nat Lead pfA(7) Nat Leadis) Nat Pow&Lic1) Nat Radator Nat Rad pfi7) . | NEW YORK STOCK EXCHANGE High. Low. WA Y2y 1812 18l 105 100 1761 Gl w0 1005 26 Open, 3 181 D. €. FRIDAY. SEPTEMBER SPECULATORS SEND Close. Wi | | Wide a1, 1928: MOTORS STOEKUP Forward Sweep Is Brought On by Spectacular | Gain to Above 218. BY GEORGE T. HUGHES. FINANC ALBERTA SELLS ROADS TO CANADIAN PACIFIC By the Associated Press EDMONTON. Alberta, September 21. —The Alberta government announced vesterday it had completed negotiations for sale of all its railroads to the Canadian Pacific, subject to ratification | by the Dominion and provincial Legi latures and by Canadian Pacific stocl holders. Transfer of title gives the Canadian National Raiiways participation in hall | the obligations and half the benefits of the lines. Conditions of the sale pro- vide for payment by the Canadian Pa- cific of £25.000.000 through assuming first mortgage bonds of the Edmonton, Dunvegan & British Columbia Railway FAE." ment of $15,580,000 in installments over a period of 10 years. The purchaser also assumes all pay- ments made and commitments entered into, totaling about $1,000,000. in con- nection with extensions now being made | to the Edmonton, Dunvegan & Bri | Columbia Railway and the Central Railway. NEW STEEL TUBE CO. NEW YORK. September 21 () —A new corporation, to be controlled by Republic Iron & Steel through own- | ership of its entire common stock, has | be organized under laws of Ohio to acquire the property and assets of Steel & Tubes. Inc. It will distribute to the Old Steel & Tlube stockholders a ble _k of Republic Steel stock. $4.500.000 | debentures and class “A" and “B’ BY EDWARD C. STONE. According to the monthly report made e to the Public Utilities Commission to- | 4™ AXTieul Chim |day the net income for the month of | Am Bank Nei3) August of the Capital Traction Co. was | Am Heet Sug pf. $20,150.20, com - Amikoach pared with $25.- 49501 for August, 816 15t. St NW Amal Lea Amerad; | Special Dispatch to The Star. NEW YORK, September 21. y to a high pitch of enthusiasm cver the spectacular advance in General Motovs | today. the speculative element rushed ||\, into the market on the buying side. | == Practically the entire industrial section | was swept forward, many issues soar- ing to the highest so far reached. Before the session ended the gain in | General Motors had extended some & points to above 218. It carried with it all of the independents. with Chrysle: making a new top for the present chares just before the end. Toward midday the demand for steel stock be- came urgent. with U. S. Steel up more than 2 points aerpss 158. The close was active. The rate on call money was dropped from 8 to 71, per cent in the afternoon and this added stimulus to ti2 opera- .| tions for the rise. General Motors Opens High. General Motors featured the market at the outset of trading and sold at its highest price in history. Opening on a block of 30,000 shares from 21373 to 21415 ‘it monopolized the attention of | the speculative element, due apparently | =i to rumors that President Sloan on the eve of his departure for Europe would have an important announcement to make. = Sentiment toward the immediate | fg future price movement in the main || body of stocks continued optimistic | despite the further increase of some | $85.000.000 reported after the previous ' close in the latest Federal Reserve .| brokers' loan statement. Packard was again prominent a' higher prices among indep=ndent motor stocks and Chrysler cms;:;d 1107(?;1‘7{1 Phillips Petroleum on a block of 5. » 4 “hares opened unchanged at 42 while | | 5 Members special developments in _affairs of | w York Stock Exvhangc Superior Oil were responsible for an ” opening block of 16,500 shares being | Chicago Board of Trade taken at a fractional improvement. Freeport Texas sold down below 61 as_compared with the previous final of | 697, Selling was in resoonse to th-| | cutting of th~ extra distribution of 75c | a share to 23c. | Buying overations went ahead vigor- | ously in earlv trading. Zinc stocks were | nrominent. notablv American Zine and Butte Conper & Zinc. General Motors continued its advance until it was to the extent of $9.420.000 and pay- stocks of the new company. g e Nat Ry dex zd. Nat SuppiyeTh) Nat Surety(10) Nat Teat4)..... Nevada Crilg). NYAuUBI).. N Y Cenirali¥) N Y C&SL6) N Y Dock pf N Y & Hurtmi NY NH & H N Y NH&H pii N ¥ Stm pf6) Nort & Woeii0) Norf & W pfut). NotAm win% sl Am kd pla7) North Cent(4).. Nortn Pac (3., Nor Pacefsi3). Norwalk fire. . Norwalk Tire pf 1 Well Supply. Il Well S pt. Umnibus. . Oppmtolimsi 4 Ous Klever7) Otis Elev pf(6). Vus Steel Owens Bot(ci4) Pacitie Coast. . . Pac Coast Pacine Gasizy,., tac U1l Stubs. ... Packard Mot 14) Pan Am Petroin Pan Amer Pet B Panhandie | Par Park & T1l « P Erie R R Erie st pf..... Eureka Viit). Fairbanks), . Fed Min pf(7).. Ked Mot T« f8ic) Kidelity- Phoenx Kirst NatSo1%) Fisk Rubber ... Fisk 1SUpl(7).. Kleisehmanni3) K2 y | ! Fox KFilm At4) | Freencrt (161 Fulier pr pf(6). iabrier Snub A, Gardner Motor . Gen Am Tnk4) Gen ATC pfi7 Asphalt 3001 281 Mortgages Investments JAMES Y. PENNEBAKER ||/ Main 5328 1520 K St. NW. |/ 007 Total operating s — revenues for the month amounted jto $320.920.49, against $135.621.28 in the same month a year ago. Op- erating expenses 1 and taxes required the sum of $272.- | 44377, compared | with $282318.79 in August, 1927. The company re- ported a total op- erating income for | the month of $48,- | 476.72, compared with the higher figsure {a year ago of $53.30249. ‘The total | J““mh” of revenue passengers carried | | UNLIMITED Funds for LOANS On lmpm\_‘cd Real Estate In Nearby Maryland, Virginia and the District of Columbia | AmBShoe pfe7) Am Brown Kov 12 100 182 85 T4 1000, kN 49 97 1007% I B ) Am Chain pl 182 | Am Chiclers). .. { Am Druge8ne). . | Am Encan(z 40y Am Express(6) Am & For Pow. Am&Folo p Am&ForP Am&For Pr zd Am Home P113) LA lcectzly). . L am Internati(2) Am Lakr&KFoam Am Linseed. ... Am Locomot (8) Am Mac&Fy4). Am Metalsi3). . Am Piano. . Am Piano pf. Am P& L., Am Po&L pf(6) Am Radiator(5) m Republic Mortgage Money Loaned At Low Interest Rates * Tyler & Rutherford Rerresentine Mutual Benefit Life Ins. Co. 1520 K Street Main 475 o, B> 49 87 13 30 10t 11 For Perinds of 3,5 or 10 Years i 30 1001 11 74 Low Interest Rates and Charges BOSSEMELPS Founded 1997 1417 K St. Main 9300 Loan Correspondent Jobn Hancock Mutual Life Insurance Co. Gen Cigar: Gen Elec(15). .. Genlilec spi6ic) Gen Ice Crm(3). n Motorst17) ). Rov A. Youns. WE WILL SELL $2.000 Fairfax Apt. 6':s Gen. 20 F. H. Smith Pref. 3's. 12 International Bank. 200 Real Estate Mtz & Guar. $1.000 S0 Consolidated Granite. 20 Wardman Mtz. & Dis. Corp. Mts. by the company during August of this | year was 4,358,586, compared with 4,- 580.631 in the same period last year. For the first elght months of the | present year the company reported rev 1319 F St. N.W. Ph. Main 8847 i) 6 901,703.49, compared with $2.970.- | (0l 00 TR, —| 309.23 in the same month last vear.| S 3 | Operating expenses and taxes amounted | | | to_$2.270.864.78, in comparison with $2.315,134.76 in August. 1927. The company's total income from | operations was $630.833.71. againet $655.174.47 last year. After the usual | other deductions the traction company { had a net for the first eight months of | {1928 of $415.893.88, compared with *he | net income for the same period in 19 | of $440,77635. The total number of | | revenue passengers carried. during the | Am Wr P’a pf efs | period was 38,892.807, compared wiih | Am Zinc. . 40,539,659 last year. White Elected Trust Director. Investors of Washington, an invest- { ment trust of the management type, announces the election of William H. ‘White, jr., to its board of directors. | Mr. White is a_member of the law | | firm of Cuthell, White, Hotchkiss & | Mills, and a director of the F. S. Royster | Guano Co. and the Lambert Point Tow- | boat Co., both of Norfolk, Va. He is a | member of the Chevy Chese and | Racquet clubs of this city and of :Le Princess Ann Country Club of Norfolk. Mr. White is a graduate of the Univer- sity of Virginia, at which university he | also received his LL. B. degree. | Discusses Present Credit Status. Gov. Roy A. Young of the Federel | Reserve Board, speaking before Indiana | bankers yesterday, said: | "I have stated to you that conditions, | } to a large extent, bring about Federai |] | Reserve policies rather than that Fed- | eral Reserve policies bring about condi- tions. That is just the position of *i ¢ system at the moment. If past experi- ence means anything, we know that the additional reserve credit needed be- | tween now and December 31 will aggre- | gate approximately $300.000,000. This will come from the usual scasonal r quirements of agriculture and business It is the expectation of the system tha | this additional credit will be secured the member banks rediscounting with- | out hesitancy to take care of these re- | quirements and that they will lend ic | their customers at reasonable rates. | “It further expects that this addi- o | tional reserve credit will not be used No Cgmmission Charges mn further expanding a bank credit sit- || uation that grew up when our gold re- | serves were $500.000,000 larger than they 'WEMR BRO jare now and vhich has continued to P grow while the reserves have been | REALTORS “ shrinking. If after January, 1929, foi- | { ||| towing the return flow of holiday cu | rency, the banks still owe the syste 809 15th Street N.W. | approximately $1.000,000.000 in reds- | Main 9486 counts, I, personally, will feel that the | . Mortgage Loan Correspondent Metropolitan Life Insurance Company GenOutdrad(2) Gen Ry Sig(5).. H6% 0% <2 ~ i R ————— Glidien 2 LI IR Glidden( i I A=A Goudyear Tire.. Goodyr 181 pf(T) Gotham(§2lg). . Gotham nit Gothm pf ex Goutd Coupl Graham Vaige. . Grhm-Paige cfs sranby Mine4) nd Storesi1) ! Grand Union. Grand Un of «3) ntWT (). raselll (26%). . Gri North ptea) Gt Nor pt ets(5) GriNor 01 %). Grt W Gre Wn Greene Ca Guantanamo Su. Gult Mo & Nor. | Guif States su. Hacknsk W (115, Hack pr At1% ). Hanna 1stpt. .. Hartmn Bi1.20) Hershey Corp. . Hershey pfi4). . Hershey prpf(6) Hoe & Co A Hoe & Co rights. Hollanger & Son Houshold(4).. Houston OI1.. Howe Sound(4). Hud Manizlg).. Hudson Mot(3), Hupp Mot «£2)., 1thinois Cent7). Indep OI(1). ... Indian Motul %) Indtan Mot pf(7) | Indian Renmng Indian Lefy ctfs Indian Re pf(7). | Aniand SokT6 %) Iuspiration Cop. InterboroRapTr InterconRubber Internat Agri. .. InUAg Chpf (7) Int Bus Mat5).. It Cement 4 Iut Com ting(2) {Int Harvagb). .. Int Harv pf(7). nt Mteh pf gar. ... 4 matra (3) Am Tel & l'eliy) | Am Tobac Am TobaccoB(& AmWW&EIlel) AmWWIst pf(6) Am Woolen. ... Am Woolen pf.. Am Writ Pactfs 'athe Kx. Pathe KxtA) Patino M2 42). Peerless Motor. Penick & Kord.. Penn C&Coke. .. Penn ixie Cmt. 'eun R R (3%). Pevple's Gasi8). Phila Co pt (3). Phila& RC& ). Pntl Morriscl). PnillipsPets 1 %) Phoenix Hostery Pierce-Ar (A) Prerce-Ar pr (n) Fleice Uil . Prerce' Uil pf. Pletce Petroim. Pillsbury Pitts Coal . MittsktW pf . it Term Coal Pitis&Wvais). PurtoRicoTobB. Postal T&C pf 7. Postumm (3). Pressed Sti r. Pr St Car pf(7) Frodu & Refinrs Proaucersé& R pf Prophylac(7dlz) Pub Serv NJ(2) Pub Serv pt(6) Pub SKE&G pfi6) Puliman Coud). Pure il (sue).. Pure Qil pf8).. | Purity Bak3) .. Purity Ba pl(s) Radio Corp. Keading Ry (4). tiea) Silk Hos. . Kea) Stk vfe7). Kes (R) & Co. . Remingin Rand em Rd Ist(?). Reo Mot (1112). Hew | & St4) VRIGHT, SLADE & CO. We Finance ' Mortgage Loans 5%2% and 6% Use our long experience and close co-operation in securing your Mortgage Loans on business or residential property. Quick decisions. Stocks and Bbnds Bought and Sold for Cash or CARRIED ON MARGIN The Mayflower Hotel i v Sales S » i & sl fexction of the:215 level Connecticut Ave. at De Sales St. Telephone Decat.r 780 At the same time Brockway Motors | Resident Partner Packard and Murray Cornoration went | ! into new high eround. ths last named Ofces Warrenton, Va. ArmourDel pf(7 Armour. LI(A). Armour. 11(B). Armour 11 pf(7) Arnold Con & Co Art Metal(1lz). Asso Dry Gz Asso 01112 25l 2 2ol | i A £ | un sharplv. Steels and rails again 1042 10 194% | lagged. Shares of amusement and| theatrical rompanies were subjected to | profit-taking. | The renewal rate on call loans was | establicshed »t 8 per cent, the highest since July 3. Metals Run Up. The metal stocks were featurad by a | sharp rm-un in Greene Cananca. Above 127. the price comnared with the previous final of 122. Its strength was generallv attributed to the squeez- ine of the short interest of this issue, which is said to be the largest of that evisting in anv of the conpers. Others | of the groun moved with a good deal of unrertainty, with gains and losses intarmingled. i The ol stocks came in for their share | of attention around midday. Marland. | Phillips Petroleum. Tidewater Associ- | ated new and Sinclair were turned nver‘ Mortgage Loan Depar?ment SHANNON & LUCHS, Inc. 1435 K St N.W. Phone: Main 2345 || AUGUIf pf3).. New York Py e Atl Refining(4). Atlas Tack..... Austin Nichols. Austin-Nich pf . Auto Sales pt(3) Balto & U(6). .. Banz & Ari3tp) BankofCom(18) BankofMan(16) Barnsdall A Beacon Of1 Bayuk ¢ Beachnut(3 Best & Co(3)... Bethlehem Steel Beth Sieel pf(7) Blooninzdale Bon AmiA).. Booth Fisheries Booth Fish Ist.. Borden Milk(6) Brizgs M2KCe Britsh Emp 2d. Brockwy Mot(4) BKlyn Man4). BKlyn Man pf(6) BKIynUnGas ) BrownShoei2y; ) Brunswick B(3) Brunswick Ter. Bueyrus(1).. Buciruseviz Buft Roch& P« Burus Bros(B) BurnsBrospf(7) Burroughs(i4) Bush Term(g2) Bush Ter de(7). Bush Ter pf(7) Butte Cop & %.. Butte & Sup(2 Butierick Co. Ryer & Co e 63 b Bite 03 10s W5 1028 15 63 " LOANS On Improved Property in Maryland and District of Columbia 6% Interest Are You Planning to Change Your Residence October 1st or 15th? F you have not located the house or apartment you have in mind, let us help vou. We have dcsir;hle houses and apartnients in all sections of the city, and in e DR Ll Gl s Bt the suburbs—no doubt the house or apartment and lo- At 217 General Motors in midafter- | cation to please you. If not, we will assist you in locating 'r||non was up almost 5 points on the just what you desire av. The spectacle of this leader mov- | ing steadily forward had its effect upon | PHONE OR CALL FOR OUR LIST vractically the entire industrial groun | Kelsey-Hayes Wheel and Timken Roll- | er Bearing joined in the upturn, and | | the advan~e in electri~ Auto-Lite car- | ;-'1":: the price up over 8 points to a new ich. Finally the steel shares were taken up with United States Steel advancin | some 2 points. Ludlum was a featu i of the independents and above 71 we | up over 5 points on the day to its best i 50'n 49 10% 16% 80 136 'n T4 b50n 2958 140 109 in enormous volume at advaneing pri while such low-priced issues as Super nidsTobB(a) Richneld O11(2). Kossla Ins oyal Liua St Jos Leadu1d) StL & Senk'(1¥) 14 111 ST A2 StL&Southwe Savaze Arms. Schulte (j312).. Schulte pts) Seab Al Lin Seub A L pI. | Seasruverel 20) Sears Roe(i2 ') Seueca Copper .., Shattuck I NMain 5027 023New York Ave. 24 Int Mer Mar pf. Int Nickel 13).. Inter Nick pi(8) Int Paperi2iv). IntPap crsi? In Pap pf ef Int Preg Ink Int Ry Cent A Iutl Salted) Int Silver. . Iut Tel & Teli ) Iutertype (11%) Istand Creekd) Johns-Manv (3) Jones Teu . Jones & Lan(7). Jordan Motor... Kan City South. Kuyser Jia).... Keith-Albee Kelly-Spring. .. Kelly Tire 6%pf Kelly Tire 8% pf Kels Hayes(2).. Kelvinator Corp Kennecott (6).. Kinuey «G i) Kinney pf (7) Kolster Radio attiglig). oo Kresge(1160).. Kress (S H)ol). iroger Gro(el) Lazo O1l. Lambert (+ Lee Tire & | Leh Por Cm Lehn & Finkes). | Life Savil 60). ., Liz Myerstid).. LIz & Myrs B 75 Lima Locomtve, Liq Carb(3.60). Loew's(t3)..... Loew's pf(6) . ns Insurance Real Estate 120 iy 180 14t 1494, 147% and 1237 Wisconsin Ave. REALTOR situation has been handled admirabiy | and I shall have no cause for concein, ||| because with "the tradition which t | member banks have about borrowirs | continually from the Federal Reserv: | pver& o .. . | system, a debt to the system of §1,000,- | BY-I'red 2 7o), | 000,000 will have a more moderating €.- | Calif Packg4). | fect upon the too rapid growth of bank | Callahan Zinc. . | credit than any other single condition | C ! that T know of.” Brokers Establish Paris Office. Wright, Slade & Co. of New York,; | with local offices in the Mayflower ! | Hotel, members of the New York Stock | | Exchange, have established at 29 Rue | Tronchet, Paris, a general agency. in ! charge of Comte des Isnards, care | Messrs. P. Rodocanochi & Co. It is | expected that a permanent branch | office will be placed in operation there ! | later. Wright, Slade & Co. are now prepared to buy or sell securities listed - on any of the foreign markets, through | Ch! & East 111 pf | their Paris branch, by direct private | Chl Great West. i wire to New York City, and from there | G GU West pf. | via cable or wireless to Paris. EHUMLIV b | Chi Mil & StP pf | Riggs Bank Stock Sells at $530. | Chi & Nwn(4).. Riggs National Bank stock advanced | i i) s booeetr | to 530, compared with 517'5. as thelcp g pyres). last sale on the Washington Stock EX- | (i yel Cabid) change today. The stock opened at 525 | (‘nicka 3 and closed at 528. Sanitary Grocery | Childs preferred made a new top at 136. Capi- | Chile o tal Traction came out at 106's<. The | Chrysier(3 Potomac Power issues were strong and | City StoA(3%). | active and both type stocks were out' City St B 5% stk at recent levels. Bonds were in quiet| Cluett-Peabts). | demand. Collins & Aikmn There are now 14 issues on the local | Col & Atk pf(7). board which are selling ex dividend. | Col Kuel & Iron. The usual Friday calling of the unlisted | Col Gas & Kl(5) | securities showed very few price changes. | Col GRE pfA(6) | Col Carbont4).. In and Out of the Local Banks. |(om Cred:l)... Frank E. Ghiselli, vice president of | Com Cristpf 61, the Merchants’ Bank & Trust Co., is | Com Cr pf B(2). spending some time at Atlantic City. | CominvTi i 60) Alexander Wolf, general counsel of |Com Inv (war) the Bank of Commerce & Savings, 1s | Corm Sulventx: now in Paris, and expects to be back | Com Powri1s). in Washington about the first of Oc- |Com Powr rts. tober. Conde Nasti2).. | Joseph N. Thompson, connected with | (ongolenm-Nair the downtown office of G. M. P. Murphy | Conz Czrs (16). | & Co., is on his vacation, part of which | oty Tinfou. . ne is spending motoring through south- | SOnsvl Caist7). DA ern Maryland. Con Fiim pf(2). erea—— Howard Moran, chairman of the Dis- | 5on%0) Gasth). . | trict Bankers® Association committee on | SOUSUIEASDIch Y | taxation. has called a meeting of s | GonlAtu © | committee at 3:30 this afternoon at | Gonsol Textiles REAL ESTATE | o B LOANS | President Robert N. Harper of the | Lonidinet B 6ic District National Bank is heading a | Gom fakins 5. . l { new country club to be opened on the | Gong Bak pf(8) 5 /2 0 | Rockville road near the Corby estatc. | Gont Canis)... ! Dividends and Other Notes. Comt Insure8).. Savias o | The Lanston Monotype Co. has de- | Gort Mont 1obe | [ clared the regular quarterly dividend |Cony lnciasre . b e ey | of 11, payable on November 30 t0 stock- | cyyeibie Sti (5) 7 9 Miami Copt 1) | holders of record November 20. Tie | (-yta (ane Su nf | 7+ | M1d Continent. . | transfer books will not be closed. Middle Stat: Peoples Drug Store will pay a 25- Mid States ct cent dividend on the common stock or: Midland pft112) 2; October 1 on stock of record Septem- Miller Rubber . . !ber 8. The $1.621: dividend on_ tie | Cushmann pf Miun SUP&SSM. | preferred was paid on September 15 BRvissi Mo Kan & Tes.. It now appears almost certain that | (VS0 Chom - Mo K&Tex pfi7) all the banks in the city will soon vote | JEURRATS S LD to close on Saturday evenings through- | Pevieqe B % 1 |out the year, those in the Ninth and | ;i\ ' '\ (1) 13015 Missourt Pacific Prompt Replies Missour Pac pf Seventh street territory being the most | [0 00 oy (8) | 213 2 Randall H. Hagner & Co. | Sevontt, & Datroin 418 15 Mohwk Car 213 . Montgmry Wb (Incorporated) \ o Devoe&R 151(7) 1z Decatur 3600 New York Bank Clearings. Diamond M1y) 1 161 Moon Motor... Mother Lot30¢c) . Dodge Bros A . . 21% 204 1321 Connecticut Avenue || NEW YORK, September 21 Dome Minest 1. v o =y York bnnk( ot Motion Pic Corp Drug Inec4).... 111% 112% 110% earings 5. 1.287,000,000 §290.000,000 ¢ York balances 100,000,000 108,000,000 York | Federal oo helances e 7,000.000 95,000,000 o taseings e qzno«.m i N 7all Street Briefs Csnital and Surplus. $3,000,000.00 Many a Man —names his wife as Executor of his Will, unmindful of the burdens and responsi- hility his action imposes, or of her fitness. Sinelair Vil . Sinclair pfis).. Skelly Uiy ... Suider Packs Co Suider Pky pt.. So Por Ries(f2) South Calit Ed.. South Dairies A South Dairies B South Paci6). .. South Ry(¥).... South Ry pf(5). SoulyM&uUcts 4 Spanx Chalfnt.. Sptcer Mfg. ... Spiegel Co (3).. Std Com Tobs) SWG & B3%). Std G & B pfi4). Std Muhingd) .. Std Millg pre6). |Stevcuizy).. WOINJI T ) SWOHNY (1 60). Std Plate Glass, Std P Glass pt. . StdSan’ron1.68) Stauley Stewart-Wart s 55 NEW YORK. September 21 (#).— J‘ American Window Glass Co.. Pitts- | burgh. has advanced prices 8 to 9 per | cent on all staple lines of window glass. | the third advance in the last five | | months. Tire shipments in July made a new! | monthly record, amounting to 5.972,237, | an increase of 1.444,909 over July last ! year. the Rubber Association of | | America reports. | el | A higher rate of activity in public projects brought the total in contem- | plated construction the past week to' $60,300,000, based on_returns from all | ! parts of the country, MeGraw-Hill Con- struction Dally reports. Apartment | house operations and hotel construction | were just as much in evidence as earlier 34 | in the vear. A slackening in commer- “ | clal buildings was noted. | _Gotham Silk Hosiery Co. is offering common stockholders of record October 1 rights to subscribe at $11 a share | for one share of its new subsidiary, Gotham Knitbac Machine Corporation, | (rl!r each two shares of Gotham Silk Ho- ey, Buck & Company Estaviioned 1ot Stocks Bonds Grain Cotton Write or call for weekly market tetter. 2 | (T415). n Pacifics 10) annon Mills. .. Cent Alloyt(2).. Cent Alloy pf(7) Cerro de Pasi5) Certain-Teed (4) Certo Corpni( 14) Chandler-Clev. . Chundler-Cl pf. Ches & Oh10(10) C & O Corpn(3). 1& Alton ... | { fFxecutorship is a business for which the modern trust organization is especially fitted. This company, with its adequate resources. years of experience and ipecialized facilities is fully equipped to assume and dis- charge all fiduciary duties No obligations BUCK AND COMPANY Evans Bidg. 1420 New York Ave. Franklin 7300 39w FEIN 665 National Savings & Trust Co. * The Oldest Savings Institution in the District of Columbia 62nd Cor. 15th and New York Ave. Year Second Trust Notes We will buy your Second Trust Note if desirably secured on im- proved property in the District of Columbia. 1011 ETEN 6) n). %5 107a 3y “ Sun VIl p6). Superior VIl . Superior Steel Sweels of Amer. | Symington C1 A. Va Caro Chem.. Va-Car Ch ofedy Va-Car Ch pfe7) | Vivaudon Co.... Vulcan Detin. Wabash... Waldoiflg). Walworthe) 2 Ward CLA(8)... ward Raking B Ward Bak pf(7) Warner Bros Pie | warner Pic A Warner Qui2) | Warren Brosi4) Warrenlst pf(3) | Warien K& W Penn El At7) W Penn ki pf(6) West DantvA(4) West . West West Md 2d pl West Unio Westhse A B Westing| | Weston Kle White Eagle White Mutors: ) While Sew Mach Whiie SM pf4) Ay B2 I8 18ty [EDI I I8l 18 15t 14 0% 694 2 Tth 14 Loose-W(1.60). Loriliard Co Loutsiana U1l LouistasA (. Louis & Nash (1) Ludlum S11¢ McAndrews 2 McCall Corp McCrory At | MeCrory 812). . | MeKeespt T'in Py Mack Truck(6). ' | Macy € . | Mad Sa Gar (2). | Magma Cop(3). Mallison & Co Mallison pf(7).. Man Elec Suply . Man Kl m2gido) Man Shiruz)... Maracaibo Oil t St pr Mariand ol Marlin-R(t31). Marun Panry... Mathieson(6) May Dept Maytagirs) Maytag pt (31 Maytag Ist pf(§) MORTGAGES Prompt Attention to FIRST Applications WHEN SAFETY MUST COME FIRST You who handle the funds of others hold two sacred things in trust — somebody else’s money and your own repnta- tion. A mistake in selectit-y investments would he doubly ery investment Tex P'ac C & OIl. Fex Ld Trinew) he Fair(2 40). | Thitd Avenue. . nomp J K3 60) 1dewater ANULI Tid WASOUPL6) Timkent o) ... Tobac Prod (8). Tobac Prod Ad) 1 ranscont Uil . Transue & W(1) Trico Prod(2%) Twin City pf(7) Udwd KI @4).. Un Bag&Paper. Union Carb(6).. Un 01l Culez) Union Pact10).. Un Pacific pf4) Utd Biscuit 1 60. Utd Crgar St(l). Utd Cgr St pf(6) Utd Dyew pf(7) Uta Fruitiis% ) utd Paperboard USCIP&F10) 2 S Distributing S Express. ... Hoftman4) Alcohol(5). Leath: Leather A.. Realty(4).. Rubber..... Kub 1st pf.. S Smelt (3%) U S Steel(1).... U S Steel f(7). Uni Leaf Tob(3) Un Leaf T pf(8) Univ Pipe & Rad Ut PEL Ate2). Vanadium(t4).. Van Raalte. Van Raalte pf ¢ Viek Chem(4).. il Vietor Talke(4) 109 1764 Vicor prof(7). 307 1107 1015 153% | National Mortgage & Investment Corporation | 1004 Vermont Ave. N.W. | Main 5833 1204 120 Bty 428 101 1011 68 disastrous vou make must be safe to the Ower a Third of a last penny. Century You will do well to consider our 6% FIRST MORTGAGES Available in Amounts of $250 and Upward B. F. SAUL CO Main 2100 925 15th St Wilson Co pf | Wilson & Co pf. Woolworthib). . Worthn Pump. . WriRht Aeroi2) Wrigley (154 )., | Yalea't wne: 15) Homes, Apartments and B canroperhe- Without a n District of Columbia and Nearby Maryland-Virginia 3.5-10-Year Terms Loss ccceccccecee 175 i 87 riiss Aero. 60% 59 Bl Blly 3 36 « | Cu 40% 39 Younxzstn Shis 9 9 Hourly Sales on N. ¥. Market. an. 883500 12 unoonl.636.500 Lom. 2554000 2 v m 3,399,700 Dividend rates ual casl 93 s s s El S s s [FTER ETLN 8% N.W. $3 10 oreferred stoc! Motor Meter A.. A Faid this vear—no rezul Motor Prod (2). - Motor Whi(2).. Mullins Mfg. Year azo i B0% “60'9 60% 60 Puponte11350) 394 401% 394 401 ;I'::::‘I';z‘;rrl:x 1 Pant Ashe). 1161 1161 11647164 Durham Hos pf, 36k 36l 36la Nash & Chat(7). SUBSTITUTE Mortgage Loan Correspondent Ne¢w York Life Insurance Co. Dunhiil Int¢ THERE: IS ' NO FOR | SAFETY B4 1784 176% 1109t 1034 107 176