Evening Star Newspaper, October 16, 1928, Page 14

FINANCIAL, LOANS 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. Money to Loan Secured by first deed of trust on re Prevailing interest and commission. Joseph 1. Weller 03 & & Tt Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 LOANS On Improved Property in Maryland and District of Columbia 6% Interest No Commission Charges WEAVEB BROS - REALTORS WJ | | 809 15th Street N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company i 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 Paid up Cash Capital. $900.000 6% Unconditionally F=== GUARANTEED estate. | BANKERS INCREASE LOCAL AGTIVITIES Three New Sections Added to Association—Gas Stock Is Active Today. BY EDWARD C. STONE. ‘Three vital steps were taken at the meeting of the District Bankers’' Asso- ciation last night at the Willard when a fiduciaries’ section, safe deposit section and an auditors’ section were added by constitutional amendments to the activities of the organization. The question of estab- lishing a credit bureau will be brought up by Pres- ident Robert V. Fleming at a spe- cial meeting to be held soon. The fiduciaries’ section is expected to prove of great value to the mem- ber banks by bring- ing about uniform methods in the handling of estates and other trust business. At present no two local banks are conducting the same business by exactly the same methods. The safe deposit section goes along with the fiduciaries’ section, and this, too, is ex- pected to prove most valuable. New York and Chicago have safe deposit organizaticns which have proved highly beneficial., Purposes of the New Sections. The audit or auditors’ section is intended to take in the District of Columbia Conference of Bank Auditors and Controllers. This organization was started about a year ago and bocame connected with the American Bankers’ Association. It has made marked prog- ress and the members of the District Bankers’' Association are anxious to get the benefit of its discussions. Much of the work of this section will be educational, especially to the smaller banks which do not have auditors or controllers. By following the section’s suggestions they will be able to know their costs of operating different de- partments much better than they do now. Representatives of each section will be available at all times to furnish any special information. Not only at the as- sociation's meetings, but at the weekly luncheons, any involved questions that arise will be referred to them. The amendments to the constitution were drawn by a special committee of which W. W. Spaid was chairman. The other members appointed at the June convention were: W. J. Waller, Albert S. Gatley, E. J. McQuade and Robert V. Fleming, ex-officio. Association Indorses Graham. At the meeting the association went on record as indorsing E. C. Graham, former president of the Washington George P. Sacks. THE EVENING STAR, WASHIN ITON, D. C., TUESDAY, OCTOBER 16, 1928. ' NEW YORK STOCK EXCHANGE Open. High. Low. Close. ADItib] Power(4 50k 50t 48% 48% Abitibi Po pf(6) 88 881y 88% 88% Abr&Stras?% pf 105% 105% 105% 105% Abr &Strausrts 1% 1% 1% 14 Adams Exp (6).. 340 345% 340 341 Adv Rumley 56% 51 55 55 Adv Rumley 62 - 6215 62 624 | Ahumada Lea 3 3% 3% { Air Redetn (13 B4 83% B4 Ajax Rubber 9% Alaska Junea. 4% 5% Albany Papr( 29% 31 Allled Chem. ... 225 227 Allied Cm pf(7). 122% 123 122% 123 Amai Leather.. 10 1% 10 Amal Leather pr 761 76% 76% Amerada(2).... 32% 32% 3% Am Agricul Chm = 184 18% 184 Am AgriChpf.. 66% 70 66l Am Bk Note (2). 120% 125% 120}, Am Bk N pf(3). 61 6L 6 Am Bosch...... 35% 36% 35% 3b% Am BrSh(j1.60) 414 41% 41 41 Am Brown Bov. 14% 15% 14% 14% Am Can(2). 112% 118% 110% 1114 Am Can pf(7).. 140% 140% 140% 140% AmCar&Fdy(6). 91% 91% 91% 91% AmC&F pf(7). 116 116 116 116 AmChicle(3)... 91% 91% 89% 39 Am Drug(80c).. 13 13% 12% 13 Am Encau T(3). 75% 5% 75% Tbi Am Express(6). 238 238 238 238 Am & For Pow.. 44% 44% 43% 43% Am&ForP pf(7) 105% 105% 105% 103% Am&For Pr2d 7. 95% 95% 957 95% AmHide& Lea. 8% 8% 8% 8% AmHomePr(3) 175 7% 75 54 Am lce(t2%)... 42% 42% 414 41k Am Internati(2) 110 110% 109% 109% Am LaFr&Foam 8% 10 8% 10 Am LaFrancepf 74 80% 74 Am Linseed.... 1317 138 131% 137 Am Linsd pf(7). 139% 139% 139% 139% Am Locomot(8). 95 95 95 95 am Locopf(7).. 115 115 115 115 Am Mac&Fy(4). 165 159 157 Am Metals(3).. 51% 52 50 Am Piano...... 15 15 15 Am Piano pf. 52 52 52 AmP&L(11).. B5% 864 84 8% Am Po&L pf(6). 102a 10214 102 1021 Am Radiator(5) 152% 162% 152 152 Am Republic. 68 7L 68 70% Am Saf Raz( 70 0 69% 69% Am Seating(3).. 30 30 30 30 Am Shipbldg(8). 85% 854 85% 85% Am Smelting(8) 261% 262% 258 258 Am Snuff(12)... 167 169 167 169 Am Stl Fdys(3). 55% 4 B5o% otk Am St Fypf(7) 112 112 112 112 Am Sugar...... 2% 2% 72 12 Am Sugar pf (7) 105% 105% 105% 105% Am Sumatra (3) 60% 61% 60% 60% Am Tel & Tel(9) 179% 179% 178% 179% Am Tobacco(8). 163% 166% 163% 165% Am TobaccoB(8: 164% 167% 164 1664 Am TypeFo(8). 120% 123 1204 123 AmWWEEI(cl). 59 63 58% 63 AmWW1st p£(6) 99% Am Woolen. 13% Am Woolen pf. 244 Am Writ Pactfs 16 Am Wr Papfofs 49% Am Zinc. Bl Am Zinc p: 103t Anaconda (4)... 3! Archer-Dan(3).. Armour, 111(A). Armour, I11(B).. Arnold Con & Co Artloom(3)..... Art Metal(1%).. 28 28 Asso Dry G(2%4 48 484 4T 474 Asso DG 2d(7). 108! 1084 108% 1084 Atchison(10)... 192% 193% 192} 192% Atchison pf(5).. 104 104 104 104 Atl Coast L(110) 161% 163 161% 163 AtIGuIf & Wi, 49% 49% 48% At Gulf pf(3).. Bo% 56 551 56 % 50 103% 105 83% 834 88 88 18% 18% 9 9 39% 39% 321 33% Board of Trade, for appointment as a class B director of the Federal Reserve Bank of Richmond. The association adopted suitable res- olutions regarding the death of George H. Judd of the firm of Judd & Det- weiler, who was chairman of the execu- tive committee of the board of direc- tors of the Security Savings & Com- mercial Bank. Moral Responsibility Plus Absolute Safety ‘The ‘gre‘l‘t financier, J. Pierpont Morgan, once stated under oath that “ was the great- est collateral known.” And right here is extra safety for purchasers of our 6% First Mortgage Notes on nearby Maryland homes. For back of each owne: occupied home which se- cures your money is the owner's character and both is our un guarantee for principal and interest. OR TRANSFER CALL % CENTRAL 2% L A Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Checques Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes { Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 The meeting was very largely attend- ed and concluded with a buffet sup- per. The unfinished business regard- ing the credit bureau is a matter that came over from the last convention. Its final adoption appears to hinge on how many banks are ready to co-operate in fn shing the ln{ormll'.é:n which will necessary to assure success. bel(mn H.lel Protective Committee. President Fleming has appointed Ed- ward Moran, vice president. of the American Security & Trust Co., chair- man_of the protective committee of the District Bankers' Association to succeed Harry V. Haynes. Mr. Moran has held many important committee assignments in the association and x:.: this committee. But in order to make the work more even, Mr. Fleming has appointed H. H. McKee, president of the National Capital Bank, to serve as chairman of this body. Bank of Bethesda Deposits Up. ‘Under the active guidance of George P. Sacks, the president, and Walter S. Bogley, cashier, the Bank of Bethesda is having one of the best years of any suburban bank in the vicinity of Wash- ington. The last Maryland State call came in September, but the figures on the date of Controller McIntosh’s last day of the present year, they totale $561,276.64. These res reveal a gain for the first 10 months of 1928 of $417,215.71. Mr. Sacks, head of the Bethesda 1 stitution, is a vice president of the Na- tional Bank of Washington and widely known in Capital financial circles. Treasury Allotments Announced. Secretary Mellon announces that total subscriptions received for the issue of 43, per cent Treasury certificates of in- debtedness, dated October 15, 1928, ma- turing September 15, 1929, scriptions allotted was $308,807,500. Subscriptions in amount not exceeding $1,000 were allotted in full, while allot- ments on subscriptions in amounts over $1,000 were made on a graduated scale. Total subscriptions received by the Richmond Federal Reserve Bank were $34,479,500 and the total subscriptions allotted, $17,568,500. Heavy Turn-Over in Gas Stocks. ‘Washington Gas Light stock was the leader today on the local exchange, 262 shares changing hands at par during the session. Capital Traction again sold at 105 on a 70-share turn-over, while 40 shares of Mergenthaler moved at 100%. Peoples Drug registered 118, Chestnut Farms Dairy preferred came out at 108%, and 10 shares of Second National Bank stock moved at 270. Sand & Gravel preferred sold at 92 and 100 shares of National Mortgage & Invest- ment preferred at 5%. ‘Washington mlvvny & Electric 4s led bond trading, & $1,000 bond selling at 921, and another at 92%. Heard in Financial District. ‘aggregated | Cen Ry NJ (112) $838,700,000 and that the total of sub- | Ct Atl Refining(4). 186% 186% 184 Atlas Pow pf(6) 106% 106! 106 Austin-Nichols. 7 % 6% Auto Sales...... 10% 104 10 10 AutoSalespf(3) 32 32 31% 3% Autostrap A(3). 44k 44% 44 “ Bald Loco pf(7). 117 117 116% 116% Balto & O(6).... 113% 113% 112% 1124 Bambgr pf(63) 108 108% 108% 108y Bang & Ar(3%). 70 il 71 BankofMan(16). 850 850 850 850 Barker Bros(2).. 31 31% 30% 30% Barnsdall (A).. 40 425 394 42 Barnsdall B (2). 41 4L 41 4l Bayuk Cgrs (2). 100 100 100 100 Bayuk 15t pf(7) 105 105% 105 105% Beacon Oll...... 28% 23% 23% 234 Beachnut(13)... 6% 76k 6% 76% Belding-Hemwy 13% 14 13% 14 Best&Co(3).... 92% 924 . 91% 92% Bethlenem Steel 7144 714 69% 69% Beth Steel p2(7) 1194 1193 119- 119 Bloomingdale... i3% 43% 43% 43% Bimingdle pf(7) 110% 111 110% 111 Blumenthal pf.. 111% 112 111 112 Booth Fisheries. 9% 10% 9% 10% Booth Fish 1st.. 61% 67 6k 67 Borden Milk(6). 172 173% 171 171 Botany Mills(A) 11% 12 11% 12 Briggs MfgFCo, 624 63% 6i% 624 British Empire.. 4% 4% 4% 4% Brockwy Mot(4) 72 T2% 7i% 17l Bkiyn-Man(4).. 7% 72 7lh Tlh Bklyn-Manpf(6) 89% 89% 89% 9% BrownShoe(2%) 50 30 50 50 Brunswick B(3) 58 584 57% 58 Brunswick Ter., 40% 4% 40% 41% Bucyrus(l)..... 34% 35% 34 34 Bucyrusev(zif) 44y 44% 4¢ 4 Buff Roch&P(4) 100 100 100 100 Buft REP pL(6). 104 104 104 104 Burns BrosA(8) 122 124% 122% 124% Burns Bros(B). 39 Burroughs(t4). 173 Bush Term(s2). 60 Bush Ter de(7)\, 107 ButteCop & Z... 8% Butte & Sup(2).. 11 Butterick Co.... 45% 45% 45% 46% yer & Co 1334 13du 182 132 By-Prod(12.95).. 9% 92% 90 92% Calif Packg(4).. 7% 79 1% 7% Caiit 8 35 '8 85 Callah: 3% 3% 8% 34 115 117% 115 116% 44% 46% 4d% 45 8l% 8l 804 8l 216% 2181 216% 217 4TH 4T% A4TH ATh 8% 88% 8E% 88% 100 100 100 100 897 403 390 398% 4l% 41% 40% 4L 110% 110% 110% 110% 305 305 305 305 16% 16% Can Dry (14%) Can Pacific(10). Canon Mlls 2.80. Caro Clin&O (4). Car CI&O sta(5) Case Threshg (6) Cent Alloy(2). . Cent Alloy p£(7) Chandler-Cl pf.. C &0 Corpn(3). Ches & Ohio(10) Chi & Alton. Chi & Alton Chi Great West. Chi Gt West pf. Chi Mil & St P., Chi Mil & StP pt Chi & Nwn(4).. Cht R1&Fac(6).. CR1&Ppt(6).. CRI&PpI(7). Chi Yel Cab(3).. Chickasha (3). Childs(2.40) Chile Co(2%)... Chrysler(3).... CCC&StL pf(5). Coca-Cola(6) Collins & All Col Fuel & Iron., Col Sou 1st(4).. Col Gas & E1(5) Col G&E ptA(6) 23% 66 675 183 184% 183 11 11 16% 13% 4% B50% % 131 182% 131 131% 101 101 101 101 108% 108% 108% 108% 32 8 32 33 52 B2% 4T% 56% b56% b66% B6% 137 139% 135% 136% 108% 103% 103% 103% 178% 179% 178% 179 65% 664 6% 65% 69 69 68% 68% T3% T3% T3m T3% 128 128% 126% 126% 107 107% 107% 107% News of the death of Gov. Strong of the New York Federal Reserve Bank was received here this morning with deep regret. He had many friends in this city. E. J. McQuade is attending a meet- ing of the directors of the Mergenthaler Linotype Co. in New York today. Prices of commodities during the week ended October 13 declined one-half of 1 per cent according to the wholesale price index of the National Fertilizer | Assoctation. Declines occurred in seven groups, including material declines in {;g(s’,s grains, feeds, and live stock and Decreases of $32,000,000 in loans and discounts and of $30,000,000 in borrow- ings from Federal Reserve banks were shown yesterday in the Federal Reserve Board’s condition statement of 632 re- porting member banks in leading cities, as of October 10. PARIS BOURSE PRICES. PARIS, October 16 (). —Price day. 50 centime: 15 centim francs 21 centimes. ‘The dollar Col Carbon(4, Com Cred(1) Com Cristpf Com Cr pf(1%). ComInvTr(3.60) Com Inv (war). . Com Solvents(8) Com Powr(13).. Conde Nast(2).. Congoleum-Nair Cong Cgrs (16).. Consol Cgrs(1). ConClgprpf (6% ) Con Film'p£(2). Consol Gas(5).. ConsolGaspf(5) ConRRCuba pf 6 Consol Textile. . Container A 1.20 Contatner B 60c. Cont Baking A Cont Baking B Cont Bak pf(8). Cont Can(b) Cont Insur(6) Cont Mot (80c) . Corn Pro(t3%). Coty Tnc (8) 93 98 97 97 45% 4bls 43% 44 95 95 94% 94% 24 24% 24 24% 181% 133 131 131% 24% 24% 24% 24% 200 218% 200 216 83 85 83 86 9% 8% 6% 26% 26% 26% 8% T2% 724 92% 9% 98 98 24% T6% 99 T6% 3% 24 12 87 6% 83% 834 118% 117% 117% 80 79% 9% 16 15% 156% 8315 831 834 834 275% 276 275% 276 changes were mixed on the Bourse t0-|Crex Carpet. Three per cent rentes, 65 francs|Crucible St (5 5 per cent loan, 93 francs | CubaCaneSuga exchange on London, 124 | Cuba Cane Su pf 1. e 21 oo 5% was ' Cuba Comp.-ny uot sont % s B% 15% 14% 14% 224 224 21% 21% A6 9% | petroit Ed (rts) Cudahy Pkg(4). Curtins Aero(1) Curtiss Aerorts Cushman's(§4). Cutir-Ham(3%) Cuyamel Fruit.. Davison Chem. . Detroit Ed(8).. Del L & W(t7). Devoe A (13.20). Dilamond M(19). Dodge Bros A. .. Dome Mines(1). Drug Inc(4).... Dunhill Int(4).. Dupont(113.60) Durham Hos. ... Eastman(18). Eaton Axle(2) Eisenlohr&Bro.. Eiftingon (2%).. Eitingn pf63). Elec Auto L(4). Electric Boat... ElecPow&Lt(1) EP&Lpf 40% (7) lec Stor Bat(5) Em Brantgm (A) End-John(5)... Eng Pub Ser(1). Eng Pu S pf(5). Equit Bldg (2).. ErieR R. Erle 1st pf Erfe 2d pf. Eureka V(t%). Falrbanks(3)... FairbankMpf(7) Fed Min pf(7).. Fed MotT (f80¢c) Fidelity-Phoenx First NatS(1%) Fisk Rubber.... Fisk Rub 1st pf. Fisk R 1st pfev. i“ielschmaun (3) Foundation Co.. Fox Film A(4).. Fox Filmrts.... Frank-S pf(7) Freeport (16%). Fuller pr pf(6).. Gabriel Snub A.. Gardner Motor.. Gen Am Tnk(4). Gen Am TC rts. . Gen Asphalt Gen Cable pf(7). Gen Clgars(4).. Gen Elec(15)... GenElec sp(60c) Gen GasA(ol%) Gen GasB(ell3) Gen lce Crm(3). Gen Moters(17). Gen Mot pf(7).. GenOutdrAd(2). Gen Ry SIg(5).. en Ry S pf(6).. Gen Refrac(3) Gillette § R(c5). Gold Dust (5)... Goodrich(4) Goodrich pf(7). Goodyear Tire. . Goodyr 15t pf(7) Gotham(32%).. Gotham (rts)... Gothm pf exwar Graham-Paige.. Granby Min(4). Grand Stores(1) Grand Union.... Grand Un pf (3). Grant W T (1).. Grant W T rts.. Graselll (2.68).. Grt North pf(5) . Gt Nor pf cfs(5) or O(1%). Grt Wn Sug 2.80 Grt Wn Su p£(7) Greene Cana(4). Guantanamo Su. Gulf Mo & Nor. Gulf States Stl Gulf Sta 1st(7). Hacknsk W (13%) Hack pf A(1%). Hanna 1st pt Hartman A(2) Hartmn B(1.20) . Hollanger & Son Homeatake(17). Houshold(14). louston O11. 14 Howe Soynd(4). Hud Man{(2%).. Hud Man pf(5).. Hudson Mot(5).. Hupp Mot (£2).. 1llinots Can(7) Il Cent pf(6). Ind Oil (1%) Indian Mot(13%) Indian Refining. Indian Refg ctfs Open. High. Low. Close. 68 68% % 684 1331 7 T 230 230 60% 60% 59% Th 230 60 60 60% 196 130 15% 53% 230 60 59% 177% 59% 85 1085 109 e 120% 884 100% b 110% 5414 106 25% 10% 87% 4% T2 1047% 221% 2 126 36% 111% 125 36'% 111% 128% 108 24% 274 86'% Indian Re pf(7). 173 Indust Rayon. Inland S(kt6% ). Inspiratien Cop. InterboroRapTr .}n; Bus Ma(6) Int Mer Marine, (3). Int Paper(240) Int Paper pf(7). IntPap cfj3(2.40) In Pap pfiefs(7). Int Prig Ink 2% Int Ry Cent Am, Int Ry CA pf(5) 1nt Silver....... 1nt Tel & Tel(6) Intertype (11%) Istand Creek(4). Jowel Tea(4)... Jewel Tea pf(7). Johns-Manv (3). Jones Tea.. Jordan Motor. KCP&L 1st(7) 1 Kan City South, Kan C So pf(4).. Kaufmn D §(1). Kayser J (5. Keith-Albee. . Keith-Al pf(7).. Kelly-Spring. .. Kelly Tire 6 %pf Kelly Tire 8%pt Kels Hayes(2).. Kelvinator Corp Kennecott (6)... Kinney (GR)... Kinney pf (8)... Kolster Radio Kraft(g1%)...0 Kri (11.60). .. Kresge Dept S. Kroger Gro(el). Kreuger & Toll.. McAndrews 2.60 McCall Corp(3). McCrory A(2).. McKeespt Tin P] Mack Truck(6).. 69 97 49% 15 | Pitts Coal Received by Private Wire Direct to The Star Office. = o) Mathieson pf(1)_12 134% 131% 134% | May Dept S(4).. 7 Maytag(13).... Maytag pf (3) Maytag 1st of (6) Melville Shoe(1) Mengel Co...... MetroG pf(1.89) Mexican Seab... Miami Cop(1).. Mid-Continent.. Middle States. .. Mid States ctfs. Midland pf(t12) % Miller Rubber.. Minn & St Louis Minn StP&SSM.. M St P&SSM pf. MStP&SSM 1i(4) Mo Kan & Tex.. Mo K&Tex pf(7) Missouri Pacific Missouri Pac pf. Mohwk Car 2% . qw_Clnes Todm 83 pen. 4% 120 837k 2 25% Montgmry W (76 3 Moon Motor. ... Mother Lo(30¢). Motlon Pic Corp Motor Meter A.. Motor Prod (2). Motor Whit2).. Mullins Mfg.... Munsingwr(3).. Murray Corp.... Nash Motrs(16) Nat Acme (sta). Nat Bellas Hess NatBHess pf(7) Natl Biscuit(17) Nat Cash R A(3) Nat Dairy(3)... Nat Dept Stores Nat Distillers... Nat Distillers pf Nat Enamel & S Nat Lead(5).... Nat Lead pfA(7) Nat Ld pf B(6). | Nat Pow&Lt(1) Nat Radia Nat Radiator pf. Nat Ry Mex 2d. Nat Supply(16). Nat Surety(10). 103% 9314 225 Nat Tea(4)..... 2 Nevada C(1%). N Y Air Br(3).. 1 N Y Central(8). N Y C & StL(6). N Y Dock. . NY NH & H (2). N ¥ NH&H pr(? N Y Ont&Westn N Y Stm pfA(7) Norfolk South. . Norf & Wn(110) Norf & W pt(4). NorAm b10% st} NorAm Ed pf(7) North Pac (5).. Nor Pac efs(5).. Norwalk Tire... " 1011 Well Supply. Ofl Well S pf.... Omnibus. ...... OppmCollins(f4) Orpheum pf(8).. Otis (17).. Otls Steel.... Owens Bot(ct4). Pac Coast 1st... Pacific Gas(2).. Pacific Mill: . Pac O1l Stubs. .. Packard Mo(t4). Pan-Am Petrolm Pan-Amer Pet B Pan-Am Wn B.. Park & Til (33). Park Utah(80c) Pathe Ex. Pathe Ex(A). Patino M(2.92 Peerless Moto: Penick & Ford. Penn C&Coke. Penn Dixie Cmt, Penn RR (3%). Peoples Gas rts.. Pere M prior(5). Phila Co p£(2%) Phila&RC&1.. Phil Morris(1).. PnillipsPet(1%) Phoenix Hoslery Pierce Petrolm.. Pillsbury (12,10) L. Pitts Coal pf.... Pitts Ter pf(6).. Pitts&WVa(é).. PortoRicoTobA. PortoRicoTobB. Postal T&C pf 7. Postum (3)..... Pressed Stl Car. Pr Stl Car p£(7). Produ & Refinrs. Prophylac(t3%) Pub Serv NJ(2). Pub Serv pf(6). Pullman Co(4).. Punta Aleg Sug. Pure Oll (50¢).. Pure Oil pf(8) Purity Bak(3).. Radlo Corp. RadioCo pf(3%4) Reading Ry (4).. Reading 2d(2).. Real Silk Ho; Real Silk pf(7). Rels (R) & Co... Remingtn-Rand Rem-Rd 1st(7). Reo Mot (1133)., Rep 1 & S(4).... Rep [ & S pf(7). Reynolds Spngs. ReynldsTobB(5) 46% | RhineWstphalia 79% ; Richfield O11(2). 159 178% 24 49% 145% 126 155 Royal D(a3.222) St Jos Lead(13). StL & SanF(18). StL & SFr pf(6). StL&Southwest. Savage Arms(2) Schulte (j3%).. 407% | Schulte pf(8)... 117% | Seab Air Ling 111 66 Seab Air L pf. Sears Roe(f2%3). Seneca Copper.. Shell Un(1.40).. Shubert The(5). Sitmmons Co(3). Simms Pete. Sinclair Of Sinclair pf( Skelly 011(2). Snider Packg Snider Pkg pf... So Po Sug(f2%) South Por pf(8) South Calif Ed. South Dairfes A South Dal; South Ry pf(5). SouRyM&Ocfs 4 Spaulding pf(7) Spang Chalfnt. . Spicer Mfg..... Spiegel Co (3).. Std Com To(f1). SWG&B (3%). 85% | Std G & E pf(4). 88% | Std Milling(5) .. 42 % 6044 103 12% 73% | Std P Gla: 27% | StdSanPro(1. S Mackay pf(4)... 1 Macy Co (2) Mad 8q Gar (2). Magma OnDC(l).. Mallison pf(7).. Man Elec Suply. Man El m2g(d5) Market Street. .. Market St prior. Marland O1l. . Marlin-R(13%). Ma nn~P-r( l Std Millg pf(6). Std O Cal(2%) .« StdOIINI(11%). StdOiINY (1.60). Std Plate Glass, of.. 8) ley Co Stewart-War(6) Strom Car(2)... Studebaker(5).. Studebak pf(7). Submarine Boat. Sweets of Amer. Tenn Copper(1). Texas Corpn(3). Texas Gulf Sul(4 Tex Pac C & Oll. 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 AsOil TIAWAsOlpf (6) ‘Tidewater Ofl 80 Tide W 9% 91% 8% 20 26 112 134 208% 55% 102% Of1 pt(5) 1 STOCKPRIGESGAN N ACTNE NARKET Leaders Pushed Forward to Further Heights—Copper Shares in Demand. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, October 16.—Although forced to accept heavy realizing, partic- larly in the last hour, today’s stock mar- ket was again one of predominantly rising prices. General Motors and Packard went to new highs, U. S. Steel sold within a fraction of its previous high and nu- merous high-priced industrials advanced violently. The oils were prominent at the end, not as a group but specific issues, among which Texas Corporation and Marland stood out. The late profit-taking affected especially Montgomery Ward, which was sold on the traditional maxim that stocks should be liquidated when the “good news” is out. IMoney renewed at 75 per cent, which was 1 per cent higher than the renewal rate yesterday, but half per cent be- low the final charge for new loans on that day. Call funds were in good sup- ply today. Time money was freely offered at 7 per cent for all dates. The metal stocks shared leadership with the motors. Most of the coppers were very strong. World production of copper was announced as 154,518 shart tons in September, against 158,839 tors in August. ‘The statistical position was all that could be desired and the evidence of prosperity given by the raisinz of the dividend by Calumet & Hecla increased the optimism with which the copper stocks were viewed. Calumet & Hecla increased its gain of yesterday selling at a new high for the vear. Chile Copper was i% urgent demand and likewise rose to a hew top. Calumet & Arizona, Greene ‘’ananea and Anaconda all bettered their posi- tions with trading very active in each one of them. Both the independents and General Motors were strong. Packard opened at 98 for 10,000 shares, up fractionally, and went to a new top afterward. Gen- eral Motors sold in volume above 219 in the first hour, later on crossing 220 to_the highest on record. Hudson did better, and among the motor accessories, Briggs went to a new peak. There was the usual number of fast- moving high-priced industrials. Case Threashing Machine sold for more than $400 a share for the first time. National Tea, which had gone up 16 points Mon- day, touched 300 today for an additional gain of 9 points, also a new high. FINANCIAL 7 =~ our Idle Money Invested in Our First Mortgage Notes Will Pay You 6% Secured on High-class Property in Washington and its environs You may buy the entire loan or in Denominations of $250 BOSs=rHeLps 1417 K St. Main 9300 Realtors STOCK INCREASE VOTED. CHICAGO, October 16 (#).—The board of directors of Montgomery, Ward & Co. today voted to increase the company’s common stock from 1,285,000 shares to 6,000,000 shares and called a meeting of stockholders for November 19 to submit the proposition. The directors approved a plan to offer stockholders the privilege to buy two additional shares for $35 for each share held. The remaining shares after this distribution will be held for such future disposition as the directors may | determine. The new stock will be placed on a $2.50 annual dividend basis effective ;g;g the regular dividend of February, 655, ol ions subsidiaries. s 100% 4 Tobac Prod (8).. Tobac Prod A(7) Tob Prod cfs(A) Tob Prod cfs(C). “Transcont O1l. .. Transue & W(1) Trico Prod (2% ) Twin City RaTr. Udwd EI F(4).. Udwd-EI F pf(7) Un Bag&Pa, Union Carb( Un 011 Cal(2) Union Pac(10). Un Pacific pf(4) Utd Biscuit 1.60. Utd Cigar St(1). Utd Cgr St pf(6) Utd. Elec. Coal. . Utd Fruit(15%) Utd Paperboard. USCIPDI(T). USCI1Pect(10) U S Distributing U S Distribpf(7) U S Hoffman(4). 8 Alcohol (5). . IndAM pf(7) Leather...., Leather A.. Lea pr p£(7) Realty(4).. Rubber. Rub 1st pf. Smelt (3%). Steel(7).... U S Steel pf(7) U S Tob pt(7)... Uni Leaf Tob(3) Unti Pic 1st pf(8) Univ Pipe & Rad Util P&L A(e2). Vanadium(t4) Van Raalte. . Van Raalte pf. Vick Chem(4).. Victor Talkg(4) Vietor pr pf(7).. Caro Chem. . r-CarCh pf(6). Vivaudou Co.... Vivaudou pf(7). Vulcan Detin. .. Wabash... Wabash B(5)... Waldorf(1%)... Walworth (1.20) Ward CLA(S)... Ward Baking B. Ward Bak pt(7) Warner Bros Pic Warner Plc A Warner-Qu(2). Warren Bros(4) Warren F&Pipe. 101% 115 23 22 8l 50 41 34 3% 125 39% 195% 51% 100t u U o u o [ u u u u DRBLnURR®L W Penn El pf(7) West P Po(6). . West P Po pf(1) West Dairy B.. West Maryland Westhse A B(2) Westinghse(4). Westhse 1st(4). Weston Electric White Bagle(2). White Moto Whi White SM pf(4) Willys-Ov(1.20) Willys-Ovd pf 7 Wilson & Co. Wilson Co pt Worthn Pump. . Worth Pump(A) Worth Pump(B) Wright Aero(2) Wrigley (15%). Yellow Truck... 39! Youngstn Sh(5). 93% Hourly Sales on N. ¥. Market. 909,200 12 noon1.628,300 1p. 401,800 2 p.m. Dividend rates as siven tn the TN 334 93% 384 arterly or declarations f trading .sas ihan 100 sh . 2 Plus 4% in stock. stock. 9 Plus 1/25 In stock. year—no regular rate. . o Pl n Over a Third (P> of a Century’s -\“l Ezperience Apartments Are Renting envugh-—wherever ht kind of ma being applied. If ing satisfactorily, you will do well to see us. Our long experience gives our great minimizing vacancies. B. F. SAUL CO. Main 2100 925 15th St. ~ Complete Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. N.W. Invest in Washington at 6% FIRST Mortgages on completed properties in and near Wash- ington, and a direct and un- equivocal guarantee backed by this Corporation’s capital re- sources of more than $3,400,000, protect your investment in Gua anty Firs' Mortgage Securities. You may invest in denomina- tions of $100, $250, $500 and $1,000, 10 yield 6%, with a choice of maturities from 3 ts 10 years. Write for our 24-page illustrat booklet giving full information. REALESTATE, MORTGAGE & GUARANTY CoRPORATION Capital Resources $3,400,000 21 JACKSON PLACE Investment and Brokerage Service Copy of our “Fortnightly Review” furnished om reguest G. M.-P. MURPHY & CO. Members of New York Stock Exchange 1508 H Street Connecticut at K WASHINGTON, D. C. - Telephone Main 9600 New York Richmond Private Wire and Telephone fo New York F. B. KEECH & COMPANY Members New York Stock Exchange Washington Stock Exchange Chicago Stock Exchange New York Curb Market New York Coffee and Sugar Exchange New York Rubber Exchange Chicago Board of Trade . New York Cotton New Orleans Cotton Liverpool Cotton Excl Ltd. (Associate membders) 1510 H STREET N.W., WASHINGTON, D. C. New York 52 Broadway The Ri Philadelphia Providence z-Carlton Grosvenor Building Chicago 231 So. La Salle St. Private Baltimore Boston Chicago New York Wires to Providence Richmond Philadelphia Telephone Main 245-6-7 Cable “Keechco” You, Too, May Be Too Busy WADAYS many a man's business demands so much of his time that he can give his investments but little thought. Yet many such men find it quite easy to sec that their investments receive every needed attention. They conserve their own time—and money—by dele- gating the care of their se- curities entirely to this or- ganization of bond specialists, which devotes its full time to guarding and advancing the interests of investors. ‘Write to us, or come to see us, whenever investment prob- lems arise. We shall be glad to help you. J-AU. Iglehart & Co. Investment Bankers 719 FIFTEENTH ST., WASHINGTON, D. C. BALTIMORE, MD. 'WILKES-BARRE. PA: CLARKSBURG, W. VA,