Evening Star Newspaper, October 3, 1928, Page 14

FINANCIAL. THE EVENING STAR. WASHINGTON. D. .C., WEDNESDAY. OCTOBER v FINANCIATL. e [IXCESSVECREDT |~ NEW YORK STOCK EXCHANGE | STOCKS REGUVW WRIGHT, SLADE & CO. of busy executive, desires position where v bers intelligence and personality is needed. Received by Private Wire Direct to The Star Office. Members Et);_n:x! stenographer. Ten years' experi- . , < — - Open. Hizh. Low. Close. | . Hish. Low. Close. ! Open. Hizh. Low. Close. New Yorlk Stock Exchange g = L Abitibl Power (4 53's 531z 53 53 Cuba Cane Su pf 15 15% 15% 15 | Mack Truck(6). 94 101 91 100 C’li(‘flgfl Boflfl’ (,, Trflfl(’ | | Abitibi Po pfi6) 8914 89, %9 89 | Cuba Company. 2 24 | Macy Co 14013 140% 140% 140t Abrahm&Straus 110% 110% 110% 110% ; Cuban Am S(1). @ Tl Mad Sq Gar (2). _;i 2214 .. 584 .. 4% 5T b Curtiss Aero(1) 2 Mallison & Co... 25 2y 26h | ' f . Federal Reserve Governor o R e o 6 62 | Curtiss Aero rta 4 . Mallison pf(7).. 106 107 106 {Market Rebounds in Late and Sold for Cash er yler uthertor s | 5 3 53 | Man Kim2gida) 1520 K Street Main 475 Ajax Rubber. mel Fruit.. an I m2g(do Debenhmsi2.18) Marlin- 1310). Gov. Roy A. Young of the Federal Diamond M(19). Maytag(t3), ..o Special Dispaich to The Star. Drug Inct4). ... 1 11 1104 f - . . L o ™ 5T% 578 Tl e increase in the Stock Exchange brokers' | New York Warrenton, Va. wris, Franee At Low Interest Rates | AbraStrasi pf 113 113 113 Cudahy Pke(4). i 9% | Magma Cop(3).. Stocks and Bonds Bought Ahumada Lead. % 3 Cushmann pfi7) 137 13 3 9 2 . y . g 4 Representing Mutual Benent Lite 1ns. co. || S€€S Danger in Concentra- |air Reden (13). ’ Cutir-Ham(3) 58 : up Trading, Following Set CARRIED ON MARGIN . . = Alaska Junea. P F i 5 7 Man Shirt(2). k N o s > B tion on Special Line. ‘Albany Papr(2) 204 z4h 21| DavisRCHEm.. | Martand ONl.... &7 38 a8 back Due to Loans. | The Mayflower Hotel -— fi'liifitl'flu s 12 1o 1 23 fl:::,.:‘z‘,‘,fl’, LA 515 ¢ | Marun-Parry. 5 2t — = Connecticut Ave. at De Sales St. Telephone Decatur : v . - 7 P 2 131% o81 . Mathieson(6)... 140's 142 140 - UGHES. A WE BUY_SELL BY EDWARD C. STONE. e Devoe A (13.20). 2 52 % Say Dept S(4 .. i K% naig Y GEORGE T. HUGHE Resident Partner > Amerada(2 Dod, BrosA... 2 ws P 2. L_ 5 | Reserve Board, in an address at tho| q J e E . | Maytag pt (3. NEW YORK, October 3.—Influenced STOCKS BONDS [A. B. A. convention today on “The | am Asrch ot T 67 3| Dome Mines(1). Mavtag Ist pf(6) 921 924 920 924 |4t the outset by the unexpectediy large Amer. Neon Light | Army & Navy €, || Banker's Responsibility,” said in con-|.m Bk Note (2). 2 2% | Dunhill 1nt(4) . B Bank Brightwood | Beneficial L { cluston UAm BK N pf(3). 6015 6 5 60t | 0ot (13.60) Mengel ¢ “ft is e 4 4 395 292 5 2514 51; [loans statement for September, the & SR W B cilities B i sk st 1 o asus mmx?.“ amEescECERT. i k| = BOnUUERE) et Matidan Basi stock market broke sharply- today under Ladies Room Reserved—Complete Trading Faciliti Fed. See. & Mtg. | Collateral Bks. 0 assume at Am Bosch. 37 > ©'% | Duq Lt 1st(5).. 99 99 99% = - a flood of overnight selling orders and | Gi 7 {only one or anoth- m B 11,60, Miami Cop(1) ne Great Nt tos. | Faietax Apts, ooty one or anoth AmBrsniisn) 1 L st i Mid Continent 3 then rebounded later. in many instances | S el el e D fgxsgoenres e A Caneein. 14 Eisenlohr& Bro. s | Midiand pt 12) - 394 23 and Chrysler were well above thelr ‘;;\i'a;‘ . . BB L y i S ds Nat. : y o1 5 3 Sar&Fdy 9 Eitingon (2%).. 3 Miller Rubber. . 4 vious finals as the session ended. ! I t e oy el e DMy, s e i “ e %% 5% e e lmingarories): 108k k Minn & St Louls ; 21, | the volume in Chrysler reaching eno Equltab evLo- pera we but lng SSn Peat Ext. Mig. | So. Consol. G vestments may not . Am Chicle(3)... &2 2 [ BlssAuto Lea).” 109 1097 108t 100t | Mo Kan & Tex.. mous proportions at the highest price | S Whrater raves 8. w.. || “Since the Fe ; ; Am Drug(8ic) G e W LSS Tex LiNT) 10¢ R | e i JOHN JOY EDSON. President WALTER S. PRATT. Jr.. Secretary Waraman Mg, | Smith Biag, |eral Reserve ban < ] |AmEncau T(3). 744 3 2ia | Electric Boat... 12 12 Missour! Pacific . sold. Mack Trucks, crossing 100, was up oL P s e ¥ « d i i 5 ElecPow&Lt(1) 35 3 3 Missourt Pac pf. 1155 119 some 6 points, influenced by merger | 4 - 4 . 070,05 Va. Pl Glass Wash. Mall Apt. || furnish the basis R A S Elec P&LL pfe7) 10715 107 713 | Mohwk Car 2% . ; ey | $5419,211.49 Surplus & Profits.....51513,030.05 of credit growth in &l e B Klec Stor Bat(5) 88 88 8 Montgmry 2 The rise of the loan item to a new | {any field, whether N Am&FoPo pf(§) S e % | Moon Motor. . h 8 peak of $5.513.639.685, and the increase | Subscription for the 95th Issue of Steck Be'ng Received Mehiman & Company ‘ldt“:&‘;:ommqrcc. in- . = 2 Em Brantgm(A) 7 7 |Mother Lot30c). 3 4 31| for the month amounting to $462.202.- | : Lea. 4 r knd-Johni5)... 7 Motor Meter A.. 19 2 9 280, indicated clearly that distribution | 1319 F St. N.W. or the tiading in S ok B ok et mkiestaieabs i+ | Motor Proa (b 180 183% 18 e o e se | [T°S NOT WHAT YOU MAKE Phene Main 8347 | i Am Home Pr(3) 17 5 « | Ens Pu S pf(5). 9 Motor Whie2) 5% o 45 ures had been carried on aggressively | |serve system feels thomas R. Preston. | Am lce(t214). .. 2 21, | Euutt Bldg (2 3 % | Mullins Mfg. . 9 and that stocks had been going from ' BUT WHAT YOU SAVE z‘];‘s‘;:';" r"b"(“h‘ ," line of credit, It|AmM Internati(z) EquitableTr(12) 43 5 0 | Munsingwr(3).. b ’ strong into weaker hands. i " 115 impossible for a Reserve bank to ear- | A7 LaFr&Foam : s R, TR Some Issues Recover. HAT COUNTS RUITTTHTIS I mark the credit it releases, but when | Am Linseed.... 1 : RS OE MUSS I OL e At intervals recoveries from the lows | THA' 1| Am Locomot(8). 5 %9 o DO 5% 2% | Nat Acme tsta). v Com NANCING | | too rapid growth in any line of credit Kureka V(ii4), 6 6 : i e were pronounced, and there were PLETE FINANCI | D am Loco pf(7) 5 kd at Belias Hexs 3 e bes Jofl moteurtby exceptions ta threatens to upset the financial struc- . . . i Am Mac&Fy (4 Fairbanks(d). .. A atBHess pf(7) = M |ture of the country and make undue\m M&Fpfew 7. 4 3 | FedLizht(h1.40) atl Biscuit(17) the general trend. but speculative senth | demands cn the reserve funds, which | am Metals(3).. 497 ; e st R ot P 4 : meni. neverthcless had been shaken by | °E |should be conserved for the legitimate | Am piano pt. . ; Foglir o [ e b inerto g R 2+ | the disclosures, which_exceeded even | Open an account at the Equi igrowth of the country’s business, the | am P& L(§2).. 82 23 | ed Motl' 1800) 21% 22% 32 Nat Dept Stores 23 25 25 | the most pessimistic rx_ppctatinns.w o table and Save Sysgemaqcally. | Reserve system can properly us Am Radiator(§) 2 151 1511 | Fidelity-Phoenx Nat Distillers. .. 2'; v CisHemal Motgrs, ORI O (8 o Come in and have us explain our linfluence against these undesirable de- | Am Ry Ex(6)... 119% 12 2 Fifth Ave(64c). 1 B 2 Nat Enamel & § i 4 of 15,000 shares, dropped from 0\ h A D | velopments. Am Republic. .. 6710 69% | First NatS(114) 49% 49 9 914 | Nat Lead pfA(7) 2 14 2 |21075, compared with the previous final | plan of savings. “Within the limits of its powers, the | Am Saf Raz(t5) 72 Fisk Rubber. ... Nat Pow&Lic1) of 214. Hudson Motor was off oo | responsibility of the Federal Reserve | Am Seatiug(3).. Kisk 15t pf(7).. bl 5 Nat Radiator. .. 3 7| two points at intervals while Pnck;rt. On h stem is for the credit structure as a | Am Ship & Com. Kleischmann(3) at Radiator pf. 45'; 47 B 514 | Studebaker and Timken folt the effect | 915 F St N w n homes, apartment | whole. A healthy banking situation | Am Shipbldg(8) Florsheim (A).. 5 5 at Supply(is) 2 5 |of urging prflf)\t v‘ah):mz. i . oYY, ildi g must bz forever the primary concern | Am Smelting(8) 2: 2414 Florsheim pf(6) 99 NatSupply pf(7) Exceptions in - this -group w = buddmg.s and b"‘“"“f | of the managers of the Federal Reserve | Am S & R pf(7). 35% 133% 135% | Foundation Co.. 38 3 Nat Surety(10). 7.2 2 ray Corporation and the Motor Truck | properties. No apprai- banks and of the Federal Reserve (Am Snuff(12)... 165 165 | Fox Film A(4).. 8 97 Nat Teac4)... s issues. In the case of the former the 1 fee. P, . Board. These responsibilities are suffi- | Am Stl Fdys(3). 55% b4% 56 |FoxFilmrts.... 2% & Nevada C(1%).. 26U §12 2613 | sharp upturn to a new high record was | sal fee. Prompt service. !cient to requiré our best efforts in the | Am Stl Fy pf(7) 1111 11215 | Freeport (16%3). 5 5 5 N Y Air Br(3)., 4 E '« 43 |a direct response to the proposal to determination of the wise course of ac- | Am Sugar. 7 Fuller pr pf(6). 6 ; N Y Central(8). 2 17 offer additional stock n;_ prescn{2 shal;e tion. This is one of the seasons why | AM Sumatra (3) 67 62 6 i B Sove Ui Taoie C& StL(6). 23 | owners at an attractive figure. Rumors Real Estate Mortgage | iion., This is one of the sessons why | i Sunates () ¢ S5 |dabrier snub A a2 22 360 550 | of an impending merser involving three Reserve system were to be charged [ Am Tel & Telt9) 178 174 17 Gen Am Tnk4). 53 : Y NE 6 3% | prominent truck manufacturefs were o with still further responsibilities which 2 b: Gen Am TC rts.., d St i & Guaran CO ith still furth ibiliti Am Tobacco8) 2 2 responsible for th2 demand for Reo are mnot directly related to banking, | AM TobaccoB(8 5 3 Geu Asphalt.... 73 4 N Y Ont&Westn 2 26% 27 |at a new high above 35, Mack Trucks, | 26 Jackson Place Main 1403 1ch as responsibility for the stability | A™ TOD pL(6). . 5 Gen Asph pf(5). 3 3 3 | NYSumopte.. up almost 3 points, and Brockway, | of the general price level or for the|AmM Typelo(s). Gen Cable 30% 31 4 N ¥ Stm prA«7) 1o which continued to be taken not far | ot - | AmMWWE&EIl(cl) 3 S, & ¥ 5 - Norfolk South.. 40 4 from its recent high. Chrysler, the out- moderation of ups and downs in busi- 4 Gen Cable A(4). | 7 s | ness _conditions. B LSl PR, Gen Cigars(4).. 6 2 g | ohe & Walxio) 8L 170 179 | standing favorite recently, broke from TSSO |15 my conviction, and T want to | AM Whise pr(7) 9 ' | GenCigars pf(7) 116 b NorAm 010% st} 73 12314 to 119, but quickly rallied. 1 p = Sl k. 3 %iliiren ko ¥ North Am pf(3) 2 ds initially | T ¢ . |1 s - £ Gen Bl 5)... Ve 34 : U. S. Steel changed han y Second Trust Notes | 'rfi;;onfhRxa:hfi“g\?axzwhbfinnfln? sitna- | Am Woolenpf... 2 GenEiec ap(8ie) NorAm kd pt(7) 100% 100% | at 156 on a block of 7.400 shares, where 1st our e i'OPel'ty it S || 6ion 35 the best puaramtes ot m5,oaa- | Am Wr Pa pf cfe Gen GasA ol %) 5 g5y Northibido (6) . o8 9% 99 99% it was down 2', points, although it | Y s Am Zine... . 3% 3 3 G 3 = 05 b - Nor Pacefsi5).. ¢ 97% 98 Ve vl *, Colorado | economic development, in o far as it | A ZInC- Gen Gas pf B(1) B o BRI 8 874 98 |recovered somewhat later. . We will buyv vour |||depends on the use of bank credit, dron L : Gen ce Crm(3). R - S boas Fuel lost over 3 points, while Ludlum, - in all e et et el e o ] Sen Mot pf(6) . 1095 | 011 Well S pf.. 101 101 | on the other hand, was bid up to a new E need houses and apartments Second Trust Note if ||| bankin , n Mot deb (6 W 1094 | Omnibus. 11 | high at 89, a gain of almost 6 points. S st & | g system, from the smallest | ArmourDel pf(7 Dk Cal(0 ). L 09 ol s ol b G L Lo : : | o a 2 Gen Mot 1), 2 k- 210 213% | OppmColl fs. 12 2y desirably secured on im- | || fouttry bank to the greatest financial | Armour. 1li(A), 19 Gen Mot pr(7) . 24 12415 124 | OFpheum pr(8) 82 Suppert Eags. . o P i R o= this dne, he Fed-| Armour, 1II(B). 8 9% | GenOutdrAd(2). 36% 37 36 Ous Elevet).,. 22 9 Early losses in high-priced industrials we have clients waiting—phone— proved property in the ystem—can best discharge | Armour.11l pf(7) 6% 1y & Olisatsal 9 to 5 points before sup- N Sepdiinn | |/ its public_responsibility by concentrat- { Arnold Con & Co 31, ShDutEAd) . Ly g 8 Grgshadn i e blab District of Columbia. | |iing its efforts on the maintenance of | Asso Dry G(2% 7 5 i g g ot bl o e R b R e 1 1 s o . Ay en Refrac(3).. 6 3 J wens Botier 9 E ard at 250 recorded one of ie sharp- i»cmnd banking conditions ::::I:;ln(:l)u)" A 8 Gtllette Raz(5). o 118 § Pacific Gasi2).. 4 est declines, Amcrican Smelting and . 7 ? | Preston Urges World Move. o A ; Gimbel Bros..... 48 81 | Pac Lights(ris) 2ty 21, 24 21, |Refining at 230 lost 3 points, Interna. Real Estate Main 502 Prompt Attention to || 2 international assoclation of bank- | Atl Coust L(110) 18% 159 1 SR o | o o Stub. .. e o Loans 923NPWV:]'k Ave. L 2 ers which would bring the world a|AtlGulf & WI. 3 pa vk ‘™| Pac Tel & T(7). 15 5 5 o ot = i an Applications | ‘e macranans 5 5 sl | 34 Retrlmtt fh 80| SUGELICAST) b, Ioh, foa fof |olreuones 6L s 0 Tl Alld Cormic ent on | e 1237 Winconsin Ave. whi eset every count; Ve Atlan Ref pf(7). 7 2 % G 2 e sy el f = Jan-Am Petrolmr 45% 4 5 & A s y. 3 make for m more. con‘i‘i‘mrya:gdsv::;k B ros atiy e e e . 9 Nationaldairy products stll had ths . it SR chd). ... o Pan. 5 7 | s t erful pgol interests an thetic understanding among nations” | Atlas Tack..... 12 Goodrich pf(7). 110% 1105 pant e v | carsied formard to & mew top above Nalional Mortgage & l;ns'advocate?d wdayt by Thomas R.| :uann-m«;nmu. Goodyear Tire. . .::rm["p"‘..m 149% 1460 140 | 11 | | Preston. president of the American | Autostrap A«3). v 2 | Goodyr 15t pf(7) o . 49 . h - . Bankers’ Ascociation. Bald Loco ¢ 5 < 4 . Paramount (n). . 50 49 The renewal rate on call money was ! > PECT) 116% 116% | Gotham123) .. 78l Park & Til (13 % 16 again fixed at 8 per cent. The fact nvestment Corporation Mr. Preston, who is president of the E ] 7 REE S T}, (A 3 Gl laotats | p Hamilton National Bank. Chattanooga, | Bamosr ot (814) 1091, e Park Utah(80c). 10% 10% 10% that_there was more than initial re- | 63 1004 Vermont Ave. NW, ||/ Tenn, made the suggestion in an ad- | Bang & Ar(335). 69 Graham-Paige.. 55 T s g:;;“,. o Bl : ;‘,‘;1,’5‘},‘{'2;.1 :}-‘:::}:x!bl‘;r ‘.?flf?éfifis g‘éfi}(‘" A T LTSRS dress yesterday: BankofMan(16) 900 890 | Grhm-Paige cfs ; A o or | -~ 5833 Addressing the State bank division | Barker Bros(2). 30 30 |Granby Mincé). 661 & 4 68% | paoriean Hotor. 18 G RS Gk e of the American Bankers' Association | Barnsdall (A).. 34% % 86% |Grand Stores(1) 9 Penick & Ford 3 3 evident that the position of Incal banks | convention, M. Plin Beebe, president of | Bayuk Cars (2), 100 Grand Union. ... 4 Penn Dixie Cm! 5 |at th» Federal Rescrve had been the Bank 'of Tpswich, S. Dak., stated | Beacon Uil 17% 7% 17 |Grand Unpf (3) 554 & 5% | Penn R R (3% ). 5 i strengthened. - i that the different reserve requirements | Beachnut(3).. 7% 5| Grant W T (1).. People’s (3as (). 8 g ! | in individual States placed State bank- | Belding-Hemwy 13% 3 Grant W T rts., = 2% | Peoples Gas rts. j = ! ing institutions in four-fifths of the|Belg N Rpf(16). 828 g2 2% 824, | Graselll ). 9% | I'hiia & R Cee | .. 34 ‘The Container Corporation stock- | States on a disadvantageous footing as | Best & Cot3)... 81% Gri North pf(5) Investment |} 3 i baag Rl Sl B0 82| nalder anproved an incrnse n author | Large and Small compared with national banks, and | Bethlehem Steel 63% 6 535 655 | GUNoOr pfefs(s) 973 T3 975 | phil-, (3 ized class A stock to 600,000 sharcs v [ suggested that part of a bank's re- s D 1T i |GreNorO(1t). 24 uhu [miiebare) 30 My 30 3% from 350000 and class B common to Amounts on I 1 serves be allowed to be held in the form 30 Grt Wn Sug 2.8 1 atw | pn : : 1,200,000 shares from 590,000, ! B Suggestxons |:,ol United States and State obligations | Blmingdie pf(7) Grt Wn Su pf(7) ; y e : | Residences 2 sections of the city and suburbs— S i i {and possibly a small percentage in | Blumenthal pf Greene Canac4). 3 2 rere pr - = - . high-class municipal obligations. Bon Ami Au).. 7 Guantanamo Su. o+ 5 ot i : 0 | ne pairczany, T Hieh Business Property } e i ., Booth F' 3 4 74 | Gult Mo & Nor.. 9 5% 3 e Fair ' 5 Pach month The Equitable pre-. Park Savings Dividend Approved. | povden Mileier. H GuMEN BI(6), 90% D93 | rnapurscrar0) 5% | Tnomp d R1360) 63 6 ; : Apartment Houses pares a list of bond suggestions : Asus';ai;m:?‘ a resolution adopted in | Botany Mills(A) 2 | Gulf States Stl. 66 BitthCol. .. -}:':"“"'Sflu."', 204% | For:3 5Y . 3, ugust by the board of directors, stock- | Briggs MfgkCo. 53 55 3 5 2 Fitte Coal pt e a2 e or-J or o lears suitable for business and per- }| holders of the Park Savings Bank ses. | Brockas Soris) sa% bon 66 | HamilaWal() 5 15 105 |PittaTerpte). 6 Timkenver oy 134 136 5 /i i And 6 sonal investment needs. terday voted to increase-the institution’s | Bklyn Edisn(8). 265 265 | Hanna st pt 17 e PItts& W Va(6).. 15 LU LD G LR ; Without Curtailment (4 capital stock from $50.000 to $100.000 | Bklyn-Mani4).. 697 Hir R RSy 244 PortoRicoTobA . 6 6 Bl | SoLRe EI0d (). This monthly publication sup- || and,declared a 100 per cent stock divi- | BrownShoe(234} 511 3 Hartmn B(1.20) 5 o | Postal T&C pt 7. oot % . end. Brunswick B(3) 3 So8pis: 6o B H 51, | Postum (3)..... 697x 6 6 p - plements a Bond List with The action, which virtually doubles | Brunswick Ter. . Heney e 7 Pressed Stl Car. 257 ey [(HEREATMEINVED R 48 : | m. . Jaundaers 0. nc. several features devoted to )| the bank's capitalization, was taken on | Bucyrus(1 “ 33% 334 33l | Hershey prpf(6) 214 102 15 | PrSU Car pf(7) &2 [DEES Froats : 2 . the board's specific recommendation. | Bucyrusev ) HockingVal(10) 3 E g 360 | Produ & Refinrs 3% & 2 in| Udwa Bl Fe4). L € d the interests of Bond buyers. || In a letter to stockholders advising | Bucyrus pr(7) HoG R CoA. 4 Producers&R pf 43 Udwd-EI F pf(7) 125 125 125 125 2 oan Correspondent them of the proposed step, George E.|Burns Bros(B). 3 36 36, | Hoe & Co rights, % Prophylac(1313) 65 6 Union Carb(6) S g Provident Mutual Life Insurance Co. Walker, president of the bank, urged | BurnsBrospf(7) 103t n S EUGRHOIA T, ‘ Pub Serv NJ(2) 6 6 654 | Un O1l Cali2)... 49 . - Send for a copy {their ratification. Not only will the | Burroughs(i4). : Houston Oll. ... 138% 1391z 13 Pub Serv pre6). 107 1 Unton Pac(10). . 9 1433 K Street Main 1016 | increase of capital stock be beneficial | Bush Term(g2). % » | Howe Sound(4). 63 6 jPubS NJ pf(7). 125 12 2 Un Pacific pf(4) 521 2 i ‘ | to the institution in caring for increas- | Bush Ter pf(7). Hud Man(2% 6 5 Pub S NJ pf(8). 5 5 | Unton Tank(5). " e ing business, he said, but the stock- | Bush Ter dei7). e * Pub SE&G pf(6) 107 ULd Biscut 1 80, THE EQUITABLE { holders themselves through “their co- | Butte Cop & 7 7 Tin | Elipp Bt <1202 T0% 7 ; % | Puliman Co(4)... 0 | Utd Cigar St(1). | operation with the officers and board | Butie & Sup(2 Punta Aleg Sug. 24 2 Utd Dyew pf(7) SECURITIES | of directors in making the bank sye- | Butterick Co A 5 l"'":l’i!?"ll(""- 39 13 3 Pure Ol (50¢) g w | Utd Fruntvs14) cessful” are entitled to the stock divi- | Byer & Co... 3 3015 1 Ll Cen Isd li(4), Pure Oil pf(8) 3 1 U 8 Distributing COMPANY INC. | dend. Byer & Co pf(7) 1121 s 112 | IVFOI U1%5). . 29% 3 2 Purity Bak(3) .. U'S Distribpf(7} s il Insurance Drive Launched. By-Prod(i2.76). 7ol 5| indian Moti1ta) 21 21 Purity Ba pf(6). 133 S Hoftman«4). 51% 514 51% | APPLICATIONS INVITED " i Indian Retining. leohnl() The Equitable Trust Company With more than $41.000,000 of busi- | Callf Packg(4).. 7 % 76l Refg ctf % Ridlo Gorp.s.es 2 Alew : | O e o ness placed thus far this year, as com- | Caliahan 7in i MR s L : e IndAIEpr () 118 1] for LOANS on pared with $39.000,000 in 1927, the | Calumet&Ar ! : Inand S(kT6% ). 691 | Reading Leather 9§ IMPROVED PRCPERTY 917 Fifteenth Street, N. W. | Acacia Mutual Life Association has | Calu & Hecla(2) inspiration Cop. 2 RS HICefs4). WASHINGTON. D. C. launched a jubilee campaign to hrlngl(ian Dry (1413). interboroRapTF '8 | dekigiikitios: .. B its total business in force up to the | Canad Sou(3)... 54% interconRubber 9a Y 9% 7 | Rels (R) & Co. T 5 < s i F | $300,000,000 mark. Can Pacifie 10, 2 Internat Agri 13 5in Reis 1StPf (7). ub 1st pf. X Located in the District of Columbia Willam Montgomery, president’ of { Canon Mls 2.0, - 46 % 463 | lnt Ag Th pf ¢ J STk 2 S Emel o it and adjacent Suburbs of Montgomery Acacia, has left this city for a business | Case Threshi(6) 362 int Bus Ma(5).. ; Rem-Rd1st(7). 80 89 89 89 |USSteelcl).... . and Prince Georges Counties, Md. trip which will take him to Texas. J.;Cent Alloy(2).. i i Int Cement(4). . 585 | Reo Mot (1115) 2% 3 U S Steel pf(7). . P. Yort, secretary and actuary of Aca-|Cen Ry NJ (7 5 5 | Int Com kng(2). 6 515 | Rep 1 & Si4) .. : 3 -5 | Unt Leat Tob(3) , cia, has just returned from a trip to|Century Rib M.. 131 315 13% | tnt HArve38). .. P 2 2871, | Reynolds Spngs. 2 Univ Pipe & Rad 28% Chicago, ‘where he attended the life | Cerro de Pasi5) 3 S | Int dteh e 330 Reyn|dsTobB(5) LLLCEL GG 1 office “management convention. The |Certain-Teed(4) 397 . Int Mer Marine. 5 Richfield Of1(2). 4% g Vanadium(t4).. 79 9 2 0 American life convention, which opens | Certo Corpn(14) 3 731y 73 | Int Mer Mar pf. 3 Rossla Ins(5)... 3 Van Raa caccecace whEGLL LS | shortly in St. Louis, will be attended by | Chandler-Clev., 2% 24 | Int Nickel (3 1 3 23 3 Royal D(a3.222) Van Raalte pf.. 65 6. Moitgage | Samuel J. Roberts, assistant secretary, | Chandler-Cl pf. 22% 22% 22 2% | Int Pacuarl‘sfll.l). St Jos Lead(13) 5 VioE Chim (€ e 3% INTEREST Bonds and D. F. Roberts, assistant treasurer | Ches & Ohio(10) 18 , | Int Paper pf(7) 9 98% | StL & SanF(18). 117 5 { Vietor Talkg (4) : g of Acacia. C &0 Corpn(3). 64 65 66 | IntPapcfs(z.40) 697 5914 | St souehwene. 1 Vietor pr pf(7). 1 Heard in Financial District. Chi & Alton...... InPappfefs?) 98 98 Savage Armsi2) . ; S LA ; | Apbly to The Union Trust Co. was being spe- | Gt Greecmors, Lo i Int Preg Ink 2%. 50% 61 ¢|Schulte (i3%).. 53 5 s sl ey ] cially decorated today in preparation for | Cm o wea ot Do Seab Aur Line.... ] Vulcan Detia... 31° & H. L. RUST COMPANY the “open house” reception Which takes | Cni Mil & St P.. 3315 sae 32" it | Ins o1& Tele) Seab Arr L pl : LOAN CORRESPONDENT Investment place this evening, from 7 to 10 o'clock, | Cni Mil & StP pf sie. & IR b Seagruveie 4 Wabasn..... 5 for the general public, business men | Chi& Nemce) . oo b , Bl%lyewel Teats). .. 135 55 138 |Sears Roec i 3| Waldorf(1%).. it | The PRUDENTIAL INSURANCE When you invest in 6% In- and other bankers of the city. Chi RI&Pac(6). 126 126 . *| Johns-Manv (3) Seneca Lovper = Walwortht1.20) 21 ) COMPANY OF AMERICA ured Mortgage Bonds of The | Prices of commodities during the week | Cnickasha (3).. 54+ : Johns-Man pf(7) Shattuck FG Ward ClA(8). .. Federal Securty & Mortgage | cNded September 29 declined one-tenth | Chilas.z.40) B0 9 Lt " to | Shell Unsl40),. 2 Ll gl SLLE L LN L 3 . 1001 15th St. N.W. Main 8100 i i SEEaLE. of 1 per cent, according to the whole- | Chile Co(2 1) i : Jordan Mot rt 3 Shubert Thets). 6 6 Warner Bros Pio Co. you know that your princi- sale price index of the National Fer-|Chrysier(sr.... (st & Simmons Co(3). 6 63's f Warner Pic A 111 | 0 pal is properly safeguarded and tilizer Association. Sharp declines oc- | Civy s¢ B 5% stk 87 M"Cq{, sy Simms Pet, 2 ‘ 2 | Warner Qui2). ~ liberal yield assured. gurred in hogs, feed. grains and hides, | Clutewi-Paabis): 7. S [ Kaumn 1 S(1). AR k 2¥a | Warren Brostd it Secured by mortgages on con- but material advances occurred in tex- | Cjyert-pPea 1f(7) 4 Kayser J156). ..+ 6 7 S (8)... A 0 jarven Ipe 4 LN 30 i1y ely appraised owner. |tles (especially cotton and coiton | Coca-Colni8)... 16 . i il ETEI it W Fenn 19 6F6) 100% 100% 100% 1000 \/ |m|||||||||||||lu||||m||| FII'!IIIIlIlIlIlIlIlllIIlI mmmmllml||||||||l|||||l|||llmlliflun'flmmm'u'n'7 orcupied home: of the Disricr | Yare), Toods, metals and sodium | Gormre Anin 1 4 LA gl SloReSHaLLS) 2 W Penn L5 bF(6) 100 R A of Columbia, they are the direct 4 4 o alpni. 96 | Kelly-Spring.. ... 2 4 24| Snider Pk p E 4 3 West I Popt7) 116t Sty 1161 | 7 Q olligations: ofahe Gomphnyiwith .|y Eoocral Amesican Go.7hay S‘(‘};‘ Col Kuel & Iron. % 66l Kelly Tire 8%pf 82 82 |90 Po Sug(r2i). West Lt ¥ KA 58 GR% 8 s UNLIMITED Funds for LOANS < Col Sou 1st(4) 7 ki Kels Hayes(2).. 3. D Py resources of over £1.000.000. tember 29, showing a new profit for | gy s %) g . . 2% | South Canf Kd.. West Dairy B. . e Independently trusteed by a |the first nine months of the present | Cof Gamofa (o) 2 e § o | South Dairies B. 13 L West Marviand. On Improved large National Bank and with |year of $110,484.54. The company paid | coi Carbon (), Kiunes 1G KD 5 South Pact6). ! West Pacific pf. 5 Real E underlving collateral uncondi- the regular dividend of $1.50 on pre- | Gom Cred1). .. 3 2 | Kinney pf (8) o ¥ lS{nuth Ry(8).... 4 3l 144 West Unionds). 149 y 149 ea state sonslly 30 cents on the common | com cr. B Hoid L 9% | SouRyM&Ocfs 4 esthse A B(z) 5 48 1 tionally guaranteed by the ;‘:’l}";"g el S Com Cristpf 615 92 3 Kolster Radio.. 7 SoenE Charit., 8 ¢ Footl B bpaalitiy n Equitable Casualty and Surety |7, "6750 ‘the past 25 years, railroad | Gom oincn oo} 12 4 2 i | STATLEL ) os | Speac&Co pfe7 2 Weston £ 4 Nearby Maryland. Virginia and ( f New York, with ComInvTr3 60) y Kresge(11.60).. Y o w 3 . 5 SURgREYIOR N e common stocks reached their peak dur- | con' /1" : 24 Kretre B pE(s 8 |swcer Mtg..... r eston A . the District of Columbia capital. surplus and reserves of ing November, December or January— | Gom 1 T'r“:ra!i' 21 L h";x. s 13 13 13 | Spiegel Co (3).. k White Kagle(2). 2 over £3.500.000, under the super- and in only 9 years in this quarter- | c budh = 4 9 bl o o L e !Std Com To(f1). 2 4 - s o g Com Solvents(8) 2 Kress (S H)(1). 1St G & Bdl) b For Periods of vision of the New York State century period was the annual summit | com powr(13) Kroger Gro(el). 1164 i S Buset). 66H 4 e - b > o A 5 Insurance Department. they pre. |attained in any of the other calendar |cim powr ris .. 4 S Ga ). W Mach 4 3,5 or 10 Years cent an unusual investment with | months. That is brought out in the | (onge Nastiz).. 6 1% Lagoon 33% 33 24 [ Std Milling ). ilys OVl 20) : i liberal vield of 6137 met, |current financial review. issued by John | Gonaoednl 'Sy 3 o Lambert (16%). 131!x 132 S0 | Sc aellimnRie). 1 4 on & Co. ... a liberal yield o 2% met. Nickerson & Co., Inc.—not as a proph- il Liee Tire & Rub. 204 20% 200 20 |Std U Cali2bg).. G0 Wilsun Co pf A 7 Low Interest Rates Maturities 2 to 10 years. ecy as to this Season’s high for rails, | Cong Cars (16). 601 68t 61, | Lehigh PCpr(T) 110 110, 11 vt ol : Wity L and Charges Descriptive Circular but‘laz ;m;\lcru(‘)r‘recardxrcvcalmg the | Conley Tintoil. . y fi:en;::lm;:”l. 'w:; 6 6 Hririein 5 :,”m i e P 2 on Request well defined pal in previous years. Cousol Cars? 4 X 60).. 349 B ! .. .o 3 3 g £ s & Co. has de-|cConC Lig Myers(15).. 917 9 in | StdSanProc1.68) 33 ; Wrikht AeroiZ) I s Ao el e e T R I R Lif & Myrs B ¥ : Staniey Co. .- o Wrikley 180).. Tl : SS A6 PH LP aac ars_Coupon TODAY . __~ |of $1 per share on the capital stock, | Consol Gass).. 3 s:::,;'é'" ares) ‘5:’“: Yale&'I'wne:15) 5 payable November 15, to stock of rec- | GonsolGas pf( " y 0 3 4 S . 5 Yellow Iruck. .. ‘ s Federal SCCUI‘IW ord October 26. Edmund C. Lynch of | GonftitCoba pf & 1t | Liia Carb (1410). Studebaie w i ot il e Founded 190 Merrill, Lynch & Co. has been elected | ¢, P 3 E Loew's(13)..... 3 . 9 d " ' 1417 K St. Mai (4 Mortgage Co. s direcior of the eoipany, to suseeed | o e e 3| oew’s pf(§%4) Bin Ol (at) % T O ¥. Mtarket, ain 9300 s s e itainer A 1.20 23 9 t 10 2 noon 1,56 L e 8 Bernhard Benson, who has retired. Coni 7 Loft..... . L1 L | SunOil pfi6). 3 ‘Uj‘ _ < oo oan Correspondent 1522 K Strect N.W. it A S el " Loose-W (160). : t 764 | Superior OIl p 22 2 ot e Nt Ty it . Con EkinE R 5. S5 pprRlngica: . s 2 2 Supetior Steel » Dividend rates as given in the above table [l Please send me your circular on Record Stock Offering. e LSRR o 5% | Loutsiana OIl. .. 5 Sweets of Amer. are, the annuialedthoivinch 3 ‘0. = Insured Mortgage Bonds. e . 7 LouistiasA (1.75 9% 36 &7 | Symington C1 A. Y e | A I & B By . i 11 Louts & Nash (1) 14 : il : e ————— offerings of chain store securities, to- . ; - - Telautogh¥ic). et 4 oc 5 fHH i fit W talinz more than $85000,000, in the | Cont Mot (s0e). Ludlum Sti2).. : Tenn Copper(1). 15 g R e ok ST s a e NS - R —n————————iii firzt nine months of 1928 set a new rec- | CornkxBank E Texas Corpni3). b A nb:: I;!hsewczlrr:edplu’z‘;‘lv‘:‘m;mf: r;! Pay- |0 G0 ino.” 1o 1027 thess wets | Covm brotiatod Tex Pac & 01, HoKioes. ©) g } . M . 1 Plu . . i - . pre ‘2b 6 P 3% 283% ' MeC " . Pl T e ks ‘i obsn | Crami e Y. % e Mo pi Tkl 3 i skt 8 Experienced Advertisers Prefer The Star in stock. 000 topned the 1928 list. CubatCaneSugar. 4% McKeespt TinP) % Thatcher pf 3.6 7T e i I 4 eAddress