Evening Star Newspaper, November 2, 1928, Page 14

17 = "FINANCIA Money to Loan ¥ecured by first deed of trust on real estate. Prevailing Interest ll‘ “I.l.lfi- !>seph Wa nllc.. o F N " DOWNTOWN |, 2nd COMMERCIAL At a Bargain Price ; ome for your business in the heart L e T AN garage, warehouse, srinting establishment or isundry. A hree-story building, side and rear alley, clectric elevator, oil hea! Thos E. Jarrell Co. Realtors 721 10th St. NW. CompPLETE FI ! - 1st& 2nd TRUST MONEY On homes, apartment buildings and business properties. No apprai- sal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. Main 1403 Main 766 . 24 Jackson Place First and Second Trust Money Available . On Homes, Apartments and Business Properties Prevailing Interest Rates ¢ District National ' Securities Corporation iy }' Main 2994. 1406 G St. N.W. : $ $ i | A NEW OFFICE Your business has outgrown your old office and you are ‘moving? How about your office furniture and office equipment, Perhaps your business has that, too. A visit to our showroom will show you the latest develop- ments in office ware for beauty and economy. TVCCOFIEER o066 TPSEPIPEPEPLE 60000006 5000066500 THE W. D. CAMPBELL COMPANY, Two Entrances 1018 15th St. NW. 1506 L St.'N.W. Franklin 5660 0000000000000 0000000000000000000000000 ! over a Thira We Can Act for You —in the management of your real es to better advantage than you can in your own behalf. It takes experience and facility and we have both. Our organization is equipped with an. under- standing of the many prob- i lems and the machinery to cope with them. B. F. SAUL CO. “Main 2100 925 15th St. iContinental 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 ontinental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 3 THE EVENING STAR, WASHINGTON, D. €. FRIDAY, VEMBER 2, 1928 FINANCIAL. - PRICES HOLD FIRM OND. . EXCHANGE Interest Centers in Riggs Bank Stock and Warrants as Result of Merger. BY EDWARD C. STONE. Prices remained firm on the Washing- ton Stock Exchange today. Interest centered in Riggs National Bank stock and in the warrants in conection with the merger with the Farmers & Me- chanics National. quoted at 285 bid and 295 asked, but there were no transactions recorded. Riggs Bank stock was quoted at 530 bid and 550 asked. The stock has recently been selling at 570 and 575. The rights are figured above $40 per share. The difference was absorbed in the price of the rights. Capital Traction was strong again today, selling fractionally higher at 1057. Mergenthaler Linotype figured in another heavy turnover. The day's transaction reached 270 shares, the stock opening and closing at 100%2. Sanitary Grocery preferred was strong, opening at 150 and closing up 1 point, 30 shares changing hands. Small sales were recorded in Potomac Electric Power 514 per cent preferred at 109 and 109%%. Federal-American Co. common was in the limelight, with 85 shares changing hands. The stock opened at 55': and closed off an eighth. Bond trading was | confined to Washington Gas issues at recent levels. Votes Dividend; Elects Officers. ‘The Terminal Ice & Fuel Co. has de- Riggs National Bank warrants were | Am Br Sh(j1.60) Open. High. Low. clou H Abitibi Powr(4) 37 38 = 364 Abitibi Po pfi6) 76 80% 76 4 Abr & Straustts 2% 2% 2% 2% Adams Exp (6). 842 348 312 3484 Adv Rumley.... 50 53 50 51 Adv Rumley pf. 61 61 60'% Ahumada Lead. 3% 3% 3% 3% Alr Redctn (13). 80 80 79% Ajax Rubber... 8% 8% 84 8% Albany Papr(2) 27% 2T% 274 Alaska Junea ™ 7 % Allled Chem. 2311 2284% 230 Allied Cm pf(7). 122! 122 12244 122% Allis-Chalm (7). 130% 130% 129% 120% Amerada(2). 324 35% 3824 34% Am Agricul Ch., 18% 18% 184 18% Am AgriChpf.. 67 67 6684 67 Am Bk Note (2). 132% 134% 132% 134% Am Bk N pf(3). 60'% 60% 60% GOl Am Beet Sugar. 19 19 18% 18% Am Bosch...... 364 364 34% 34% 4% 4l% 41 41 Am Brown Bov. 14w 144 13% 14 Am Brown Bo pf 49 51% 49 Am Can(2)..... Am Can pf(7).. BrownShoe(2% ) AmCar&Fdy (6) Am C & F pf(7). Am Chicle(3)... Am Drug(80c).. Am Express(6). Am & For Pow.. Am&ForP pf(7) Am&For Pr2d 7 Am Hide & L pf. Am Home Pr(3) Am Ice(t2%). Am Internatl(2) Am LaFr&Foam Am LaFrance pf Am Linsd pf(7). Am Mac&Fy(4). 1 Am'Metals(3) Am Po&L p! (8). Am Radlator(5) Am Ry Ex(6)... Am Republie... Am Saf Raz(15) clared $6 per share as its usual annual dividend on its stock, payable Novem- ber 1 to stockholders o( record as of October 7. The following dlrecwrs and officers of the corporation have been elected for the current fiscal year: Directors, John S. Blick, C. Chester Caywood, R. S. Miller, Wrisley Brown, Francis J. Becker, 'G. W. Forsberg, Simeon T. Price, R. D. Marshall and Morris W. Bennett. Officers are: Wrisley Brown, chair- man, board of directors; Francis J. Becker, secretary to board; John S. Blick, president and general manager; C. Chester Caywood, vice president and counsel; Charles B. Chandler, secre- tary and service manager; Robert E. Holt, assistant secretary; R. S. Miller, treasurer; C. M. Elliott, assistant treas- urer; H. Boesch, engineer, and R. D. Marshall, auditor. Wholesale Trade Lags ‘Wholesale trade in the United States continued in approximately the same volume in September as in August. Vhen allowance is made for the sea- sonal increase, however, wholesale sales in nine lines reporting to the Federal Reserve System showed a decline of 4 per cent from August. Meat packing and furniture firms reported the largest increases in sales in September, compared with the pre- ceding month, while sales of boots and shoes showed largest decline. In comparison with the same month a year previous, the volume of whole- sale distribution in September was slightly smaller, Seven of the nine re- lines showed decreases in sales, varying from less than 2 per cent in the case of groceries to about 14 per cent in the case of shoes, while meat packing and furniture firms showed substantial increases. Copper Improvement Held Marvelous. “The recent impressive improvement of the copper market refiects the emer- gence of the industry from a condition of chaos into one of stability,” says the Union Trust Co., Cleveland. “This bet- terment is not a mere temporary condi- n. “The great change in the copper trade has been brought about by the combined efforts of the important fac- tors in the industry over the last seven years,” says the bank in its business. magazine, Trade Winds. “The industry has attained high efficiency 'in both its producmm and marketing operations. “The immediate causes of such im- provement are to be found in the de-, cided increase both in domestic and in’ outside wprld demand, and in a rational production progran.. These factors have served to reduce copper stocks and to induce firmdr markets. “In the fleld of production prices are still close to the prewar figure, while wages, material and transportation range from 50 to 100 per cent above their prewar levels. The ability of the industry to show profitable operations in the face of this situation reflects marvelous achievements in cutting pro- duction costs.” Heard in Financial District. Herbert C. Harris of 2007 R street has been appointed manager for the ‘Washington district of the Fidelity Investment Association, which has of- fices in the Commercial National Bank building. He is the youngest man the company has yet promoted to this po- sition, being only 28 years old. He is a former student at Emerson Institute, George Washington and Northwestern Universities. The broker houses in Washingtén will be closed as usual on election day, when the New York Stock Exchange and all the other big markets of the country are also shut down. The local , however, remain open as usual. Sl aii,, CHICAGO LIVE STOCK MARKET CHICAGO, November 2 (#). (United States Department of Agriculture).— Hogs: Receipts, 15,000 head; market active, 15a25 higher; hogs scaling 170 pounds down, 25a35 higher; shipping demand broad; top 9.60 paid for choice 200-250 pounds. Butchers, medium to choice, 250-350 pounds, 8.9029.60; 200- 250 pounds, 9.00a9.60; 130a160 pounds, 8.50a9.50. Packing sows, 8.25a8.70; pigs, l;n?d\um to choice, 90-130 pounds, 8.40a Cattle—Receipts, 2,000 head; calves 1,000; lower grades predominating in all clu&ses: largely she stock run with cut- ters and common cows comprising bulk of supply and selling largely at 7.00 downward; low cutters, 5.5085.75; slaughter classes, steers, good and choice, 1,300-1,500 pounds, 14.00a14.75; 1,100~ 1,300 pounds, = 14.00a17.75; 950-1,100 pounds, 14.00a18.00; common and medium, 850 pounds up> 8.50214.00; fed yearlings, good and choice, 750-950 pounds, 13.75a17.25; heifers, good and choice, 85 pounds, 13.00a16.00; com- mon and medium, 7.75a13.00; cows, good and choice, 8.75a12.00; common and medium. 6.50a8.75: low cutter and cut- ter, 5.50a6.50; bulls, good and choice (beef), 9.50a11.00; cutter to medium, 6.75a9.50; vealers (milk fed), good and choice, 13.00a15.00; medium, 12.00a12.50; cull and common, 8.00a12.00; stocker and feeder steers, good and choice (all weights), 10.50a12.50; common and medium, 8.50210.50. Sheep—Receipts, 12,000 head; fat lambs draggy; buying side indifferent, practically nothing done early on good come-backs and native throughouts; better grade natives 25 and more lower; feeding lambs slow and weak; lambs, good and choice, 92 pounds down, 12.25a13.40; medium, 11.15a12.25; cull and common, 7.80a11.15; ewes, medium to choice, 150 pounds down, 4.25a6.58; cull and common, 1.7525.00; feeder lambs, good and choice, 12.25a13.25. — . POTATO MARKET STEADY. CHICAGO, November 2 (United States Department of Agriculture).—Potatoes— Receipts, 110 cars; on track, 482 cars; total United States shipments, 863 cars: trading rather slow, account of rain; market steady; Wisconsin sacked round whites, 70a90; mostly around 80a85: Am Seating(3).. Am Ship & Com. Am Smelting(8) Am Snuff(12).. Am Stl Fdys(3). Am Sugar...... Am Sumatra (3) Am Tel & Tel(9) Am Tob pf(6).. Am TypeFo(8). Am Type pf(7).. Amwwui:l(cl). Am Woolen. . Am Woolen pf.. AmZinc... Am Zinc pf, Anaconda (4) Andes Copr 75c.. Archer-Dan(3). Arch-Dan p£(7) . ArmourDel pf(7 Armour, LlI(A). Armour, I11(B). Armour,111 p£(7) Arnold Con & Co Art Metal(1%). Asso Dry G(23% Asso O11(2) Asso D G 2d Atchison pf(5). Atl Coasg L(110) Atl Guif & WI.. Atl Gulf pf(3) Atl Refining( Atlan Ref (n).. Atlan Ref pf(7). AtlasPowder(4) Austin-Nichols. 3) 34% Autostrap A(3). 45 45 45 45 Bald Loco pf(7) 117% 117% Balto & Ohio(6) 112% 112% 111% 111% Balto&Opf(4). 78 78 78 18 Bambgr pf(63%) 109% 109% 109% 109% Bang & Ar(3%) 70 0% Bang & Ar pf(7) Barker Bros(2). Barnet Leather. 45 46% Barnsdall A (2). Bayuk 1st pf(7) Beacon Oll. 4 Beachnut(13).. % Belding-Hemwy 14% 14% 14% 14% Best & Co(3) Bethlehem St Beth Steel pf( Bloomingdale... ‘gonA?i A(4).. ooth Fisheries. 9's 94 9 9 Booth Fish 1st.. i s Borden Milk(6). Botany Mills(A) 17 17 17 17 ‘Briggs MfgFCo. British Empire. 4% 4% 4w 4% Brockwy Mot(4) 71 73 71 Bklyn-Man(4).. Bklyn-Man pf(6) BklynUnGas(5) Brunswick B(3) Brunswick Ter.. * Brun Term rts. Bucyrus(1).... Bucyruscv(2i) Buff Roch&P(4) Buff & Susq.... 50 Buft&Sus pf(4). 54 65 Buras Bros(B). BurnsBrospf(7) ‘Bush'Term(g2). 71 Butte Cop &2.. 8% 9 8% Butte & Sup(2). Butterick Co. Byer &Co...... Byer & Co pf(7) Calif Packg (4). CallahanZinc.. 3% 8% 8% 8% Calumet&Art6). 116 Calu & Hecla(4) Can Dry (t4%). 77% Can Pacific(10). 220% 221 Canon Mlis 2.80.. 47 Caro Clin&O(4). D 9 90 90 Car CI&O sta(5) 100% 100% Case Threshg(6) 399% 399% 399% 899% Cent Alloy(2).. 39% Century Rib M.. 20% Century Rpf(7) 86 87 86 87 Cerro de Pas(5). 102 Certain-Teed(4) 31% Chandler-Clev.. 17% Chandler-Clpf. 24 25 24 Ches & Ohlo(10) 187% C&OCorpn(3). 664 Chi & Alton..... 1 Chi & Alton pf. Chi Great West, 13 13 13 13 Chi Gt West pf. Chi Ind&L pf(4) Chi M1l & St P, Cht Mil & StP pt Chi & Nwn(4).. &7 6% Chi Ri&Pac(8). 132% 1324 131% CR1&Ppt(6), 101 Chi Yel Cab(®). 80% Chlcll-hl (3). 50 50 50 50 Cluett-Peab(5) . 1% Cluett-Pea pf(7) 115% 115% 115% 116% Coca-Cola(6)... 166% Collins & Alkmm 60 61 60 Col& Atk pf(7). 93% 94 93 93 Col Fuel & Iron. 66 6 Col Sou 2d pf(4) 171 K4 6915 69 Col Gas& KItb) 125 128% 126 127% Col Carbon(4).. 92% 93 92% 92% Columb Carbrts 2w 24 24 24 Com Cred(1)... 4d'% Com Cristpf 6% 944 ComCrpf B(2). 26 ComInvTr(3.60) 138% Com Inv (war).. 30 Com InTrpf 6% 96% Com Solvents(8) 215 Com Powr(13).. 8444 Conde Nast(2).. 76 Congoleum-Nair 264 Consol Cgra(7).. 92% Con Film pf(2). 25% 26 26 26 Consol Gas(6). . ConsolGaspf(5) ConRRCubapf€ 177 77 Consol Textile, Container A Container B Cont [nsur(6 Cont Mot (¥0c). 15% 16% Coin Prot13i ). 85k Sbi B4% 84l Corn Prod pf(7) 142 142 142 142 Crex Carpet. CrownWP1stp! Crucible St) (5). Minnesota and North Dakota sacked round whites, 70a85; sacked Red River Ohios, 90a95; South Dakota sacked earl; ©Ohios, 80a85; Idaho sacked russets, 1.5 al.70; few fancy, 1.75; mostly 1.60a1,85, / | 2 CubaCaneSugar. 4% 4% 4% 4% Cuba Company.. 22 Cuban Am l(l) Cudahy Pkg(4. 67% Curtiss Aero(1), 120 xzm unu 125, ’ 8% | Int Mer Marine. NEW YORK STOCK EXCHANGE by Private Wire Direct to The Star Office. Open. High. Low. Close. Cutlr-Ham(3%) 60 60 59 59 Cuyamel Fruit.. 62% 62% 61 61 Davison Chem.. §8% 59% 57% bT% Debenhms(2.18) 40 41l 40 414 Del L& W(17).. 128 128 128 128 Den RG Wn pf.. 56 56% 56 56M Detroit £d(8).. 191 192 191 192 Detroit Ed (rts) 14% 14% 145 14% Det & Mackinac. 40 40 40 40 Devoe A (13.20). 51% 51 51 Diamond M(19). 162% 1624 162% Dodge BrosA... 26 26 28 26 Dome Mines(1). 8 8% 8 Drug Ine(4).... 114% 4 114 DulSS& Atlpf. 6% 5% 5% Dunhiil Int(4).. 887 88'9 Dupont(113.60) 438 438% 432 Du Pont deb(6). 1184 118% 118% Dua Lt 1st(5).. 101 101, 101 Durham Hos pf. 36% 36l 36% Eastman (18)... 181% 181% 1814 Katon Axietz).. 57 56 56 9 Eisenlohr&RBro. Eisenlohr pf(7). Eitingon (2%).. Etingn pfi6%). ll’ 12 Elec Auto L(4). 109% 109 108V ElecPow&Lt(1) 35% 37% 35% Eleo P&LE pf(7) 107 107 107 EIPo&Lt £ pd(7) 121 121 121 lec Stor Bat(5) 87% 87 End-John(6)... T6% 6% Endicott pf(7).. 125% 4 125% Eng Pub Ser(1). 44' Eng PuSpf(5). 9% Equit Bldg (2).. 33% ErleRR.. b56% Erfe 1stof..... 58 Erie & Pitts.... 65 Bureka V(1%). 61% Fairbanks Co 4% KFairbanks(3)... 43 FairbankMpf (7 Fed Light pf(6) 98 Fed MotT(f80c) Fidelity-Phoenx 93 First NatS(1%) 56% Fisk Rubber.. .. Fisk Rub 1st pf. 60 Fisk R 1stpfev. 59 Fieischmann3) Florsheim (A).. Foundation Co.. Fox Film A(4).. Freeport (16%). Gabrie Snub(A). 22% 23% 22% 234 Gardner Motor.. 10% 11 10% 11 Gen Am Tnk(4). 85 85% 83% 84 Gen ATC pf(7).. 110 110 110 110 3 1% 2% 25% 35% 8 8% 104% Gen Motors(17) Gen Mot pf(7).. Gen Outdr Ad(4) GenOutdrAd(2) Gen Ry SIg(5). Gen Refrac(3).. Gillette S R(c5). Gimbel Byos. ... Gimbl Br pf(7). Giidden Co..... Glidden pr pt(7) Gold Dust (5)... Goodrich(4). Goodrich pf(7). Goodyear Tire. . Goodyr1st pf(7) 100% 100% 1007 Good T&R (rts; T 7% T T4 Gotham(32%).. Gothamn v $2% Graham-Palge. . Granby Min(4). Grand Stores(1) Grand Unfon.... Grand Un of (3) Grant W T Graselli (2.1 Grt North pf(5) Gt Nor pf cfs(5) Grt Nor O(1%). Grt Wn Sug 2.80 324 32% 32 Grt Wn Su pf(7) 116% 116% 116% 116 Greene Cana(4). 138 139 Guantanamo Su. 5 64 5 5% Guan Sug pf(8). 92 92 922 92 Gulf Mo & Nor.. 47% 49 47 49 Hanna 1stpf... 88 90 83 Hartman A(2).. 25% Hartmn B(1.20). 26 26 Hershey Corp... Hershey pf(4). Holland Furn... Hollanger & Son Houshold(t4).. Houston Ofl,... Howe Sound(4). Hud Man(2%).. Hud Man pf(5). Hudson Mot(5). Hupp Mot (£2),. Illinots Cen(7). Ind Ofl (13%) Indian Mot(1 Indian Reflning. Indian Refg ctfs Indust Rayon. Inland S(k16% Inspiration Cap. InterconRubber 9 9 9 Int Ag Ch pf (7). Int Bus Ma(5).. Int Cement(4).. Int Com Eng(2). Int Harv(j6). .. Int Harv p£(7). . Int Mtch pf 3.20 84% 8314 80% 50 80 43% 43% 78% N T7% 85% 86 85l 36% 3% 57h 57% 116% 115% 116% 847 100% 100% 100% 9815 29% Int Mer Mar pf, Int Nickel (3)...1 Int Paper(240).. Int Paper pf(7). IntPap cfs(2.40) In Pap pf cfs(7) Int Prtg Ink 2%. int Ry CA ptf(5) Intl Salt(5)..... Int Tel & Tel(6) Inter Dept Store Intertype (t1%) 26 26 25 25 Island Creek(4). 49 49% 49 49% Jewel Tea (15). 158 154 1524 154 Johns-Manv (3). 168% 169 166 167 Johns-Man pf(7) 119% 119% 119% 119% Jordan Motor. .. 13 13% Kan City South. 68% Kan CSopf(4).. 70 70 Kayser J(5). 70% 71 Keith-Albe 82% Keith-Al pf(7) 100 Kelly-Spring. .. Kelly Tire 6%pf Kelly Tire 8% pf Kels Hayes(2).. Kelvinator Corp 13 Kennecott (6).. 123% Kinney (G R). 50 Kinney pf (8). 9% 95 Kolster Radlo.. 824 K3 Kraft(gl%). 62l5 Kresge(11.60). .. 6% T8 Kreuger & Toll., 364 Kroger Gro(cl). 1224 128 LagoOfl.u.uase 33% 34 Lambert (16%). Lee Tire & Rub. Leh Por Cmt 234 Lehfgh PC pt(7) LehighVal(3%). Lehn & Fink(3). Lite Sav(1.60).. Lig Myers(15).. Lig & Myrs B 15 Lig Carb (t4%). Loew's(13)..... Loew' Df(d*). Loose-W 1st(7). Lorillard Co. ... Lorillard p£(7). Loulsiana O11 bollllGllA(L'Ii' Louis & Nash (7) l.’l“fi Ludlum Stl(2).. 83% McCall Corp(3). 70 McKeespt Tin P] 67 Mack Truck(6).. 92% Macy Co (2) Mad Sq Gar (2)., 22 Magma Cop(3) 6L Mallison & Co. 334 Man Elec Suply. 33 Man Elev gtd(7) 87 Man El m2g(45) Marlin- R('J Martn-Parry Mathieson(6). 169% 159% Mathieson pf(7) 123% 123% May Dept S(4) B4 BaY M; 244 24% 451 45 92 924 85 35% 25 25 37 38 24% 25 *| Mullins Mtg 2 e exx 3 - S35 Saes > s o wao EnsconSwaan : S8 1 823 ES528RRER38 K R S FFE £ F & Open. High. Mid-Continent.. 37\ 33% Mid-Cont pf(7). 113 113 Middle States. 5% 6% Mid States ct 3 Midland pf(112) 229% 220% Minn & St Louls 2% 2% MStP&SSM li(4) 63% 63% Mo Kan & Tex.. 45 464 Mo K&Tex pf(7) 103% Miasour! Pacific 6 Missouri Pac pf. Mohwk Car 2% . Montgmry W (15 Moon Motor. Mother Lo(3 Motor Meter A Motor Prod (2) Motor Whi(2) Murray Corp. sh Motor (16) Nat Acme (sta). t Bellas Hexs 1 Biscuit(t7) Nat Cash R A(3) Nat Dalry(3). Nat Dept Stores at Distillers. Nat Distillers pt Nat Enamel & S 4 T Nat Lead(6).... W12 Nat Lead pfA(7) 142 142 Nat Ld pf B(6). 118 118 Nat Pow&Lt(1) 38% 39% Nat Radlator... 17% 17% Nat Radiator pf. 40 40 Nat Supply(t6) Nat Surety(10). Nat Tea(4)... Nevada C(1%). N Y Air Br(3).. N Y Central(8). N Y C&StL(8). 124% N Y & Harlm(5) 300 NY NH&H (2). 66% N ¥ NH&H pf(7 1124 N Y Ont&Westn 26 N Y Rallwayspt 74 N Y Stm pfA(7) 112% Norf & Wn(110) 1824 NorAm b10% sth 74%4 North Am pf(3) 527 North Pac (6).. 995 Nor Pacefs(5).. 96% Northwn Tel(3) 48% Norwalk Tire... 57 Norwalk Tire pf 45 Ol Well Supply. Omnibus.... Omnibus pf(8).. 91 OppmCollins(£4} Orpheum pf(8). 93 Otis Elev(17)... 232% Otis Steel...... 31% Owens Bot(ct4) 84 Pacific Gas(2).. 49% Pagc O} Stub, 1 Pac Tel & T(7). 150 Packard Mo(t4). 93% Pan-Am Petrolr 50% Pan-Amer Pet B 50% Pan-Am WnB.. 17% Panhandle..... 16% Paramount-Fam 487k Park & T1l (13). 884 Park Utah(80c). 10% Pathe BX....... 6l Pathe Ex(A)... 264 Patino M(2.92). 33% Peerless Motor. 17% Penick & Ford.. 364 Penn Dixie Cmt. 16% Penn RR (3%). 64l People’s Gas(8). 185 Peoples Gasrts. 8% Pere Marq(18).. 133 Pere M prior(5). 96 Phila & RC&1../ 81% Phil Morris(1).. PhillipsPet(1%) 45% Phoenix Hoslery 25 174% Plerce-Arrow... 19% Pierce Oil. 3 Pierce Oil pf. 38 Pierce Petrolm. 6% Pillsbury(12.10) 50% Pillsbry pf(614) Pitts Coal pf.... 86 Pitts Ter pf(6). Pitts&Vva(6).. 154 PortoRicoTobA. 68 PortoRicoTobB. Postal T&C pf 7. 103% 103% 66% 6674 224 224 Pr 8tl Car Df('l) 9% 79% Produ & Refinrs. 28': 25% Producers&R pf 433 45% Pub Serv NJ(2). 66 66% Pub Serv pf(6). 106% 106% Puliman Co(4).. 84 84% Punta Aleg Sug. 20% 20% Pure Oil (1).... 26% 27% Pure O1l pf(8).. 113% 113% Purity Bak(3).. 1297 130% Purity Ba pf(6). 160% 160% Radio Corpn.... 230 234 Reading Ry(4). 102% 103 Real Silk Hos... 474 49 Remingtn-Rand 26% 26% Rem-Rd 1st(7). 90 90 Reo Mot (T1%). .8 284 Rep [&S(4).... 5+ T8 Rep I &S pf(7). 108 108 Reynolds Spngs. 10% 10% ReynldsTobB(5) 1483 1487 RhineWstphalia 52 b2 Richfleld Of1(2). Rossia Ins(5)... Royal D(a3.222) St Jos Lead (13). StL & Sank'(18). 1167 116% StL & SFr pf(6). 96 96 StL&Southwd StL Swn pf(5) Savage Arms(2) Schulte (33% ) Seagrave(e1.20) Sears-Roe (2% ) Seneca Copper. . Shattuck FG(2). Shell Un(1.40).. Shubert The(5). Simmons Co(8). Simms Pet Sinclair Ofl, Sinclair pf(8)... 107% Skelly Oil(2). y So Po Sug(214). South Calif Ed.. 48 South Dairfes A. South Dairies B. 14 14 South Pac(6)... 122% South Ry (8).... 1444 South Ry pf(5). 97i% SouRyM&Ocfs 4 126 Spang Chalfnt.. 46% 49 Spang Chal pf 97 97 10% 39% 40 80% 81 33 35 T0% Spiegel Co (3) Std Com To(f1). SIdG&E (3%). Std G & B pf(4). Std Milling (). Std Millg pf(8).. 97 97 Std O Cal(2%).. StdOfINJ(11%). StdOIlNYgJO). Std Plate Glass., Std P Glass pt. Stanley Co.. Stewart-War(6) Strom Car(2)... Studebaker(6).. 176 Studebak pf(7). Submarine Boat. 8% 34 Sun Ofl (m1) Sun O11 pf(6). Superior O11 Superior Steel Sweets of Amer. 18 18 utogh(80c). per(l). Texas Corpn(3). Texas Gulf Sul(¢ Tex Pac C & O1l. Tex Ld Tr(new) ‘The Fair(2.40). Thomp J R(3.60) 63 63 ‘Tidewater AsOil TIdWAsO1Ip£(6) Tidewater Oil 80 Tide W Oil pf(59 Timken(16).... ‘Tobae Prod (8).. 111 Tobac Prod A(7) 120 Transcont Ofl... 8% 8% Trico Prod(3%) Truscon Steel. . . Transue & W(1) Twin City RaTr. Twin City pf(7) Underwood (4). Union Carb(8) Un O1l Cal(2). Union Pac(10) Un Pacific pf(4 Utd Biscult 1:60. Utd Clgar St(1 Utd. Elec. Coal Utd Fruit(t6% Utd Paperboard. 18 U S Cast Ir Pipe 51 US CIE A5t 120, 19% 160% 227 102% 4 9% 142 118 39 17 10 113 297% 340 a decline of almost two points. % Utl P&L Aca2). STOCKS HOLD FIRM INEARLY TRADING Brokers’ Loans Statement Apparently Discounted; Gen- eral Motors Eases Off. BY GEORGE T. HUGHES. Spectal Dispatch to The Star. NEW YORK, November 2.—The main body of stocks this morning withstood fairly well the test of another huge in- crease in the latest weekly Federal Re- serve brokers' loans statement. Under ordinary conditions an advance of more than $134,000000 in the item would have been sufficient cause for hurried liquidation, in that it plainly indicated heavy distribution during the period covered. The market, however, followed the usual procedure of ignoring the significance attached to the increase. The prominent industrials opened ir- regularly, fluctuated nervously during the first half session and were inclined to work toward slightly lower levels thereafter. No wide-open break oc- curred in prices and every effort was put forth by the element favoring high- er prices to sustain public confidence. Interest in Motors. General Motors, which had been brought to the front in the late trad- ing yesterday, sold within a bare fraction of its highest for the present shares, then lost more than the early improvement. Interest centered on the action to be taken at the com- ing dividend meeting and predictions were heard of a split-up in the ratio of two for one, with a stock dividend and a higher rate for the new shares. Chrysler continued under presurctat Stu- debaker was pressed for sale at inter- vals and other independents did little | one way or the other. U. 8. Steel was well maintainec around 162, where it was down only slightly, but the independent steel stocks lost a good deal of the buoy- ancy that characterized operations earlier in the week. The effect of the Pennsylvania Railroad’s electrification plan upon such issues as Public Ser- vice of New Jersey and Westinghouse Electric appeared to have spent itself yesterday. The latter was down more than a point most of the session, while activity in Public Service dwindied. Sinclair Consolidated again monopo- lized speculative attention in the oil group. The enormous turnover at the highest price since 1921, above 44, was accompanied by reports that Cutten in- terests had bid this price for a block of 100,000 shares. Maryland was attrac- tive from a prospective earnings stand- point and was thought to be behind the market for other oils. Among specialties American Interna- tional was prominent. Holland Fur- nace, recently transferred from the Curb Market, was carried to a new top above 50. Profit-taking made itself felt in the metal group, although offerings were well absorbed. Express Company Shares. Shares of express companies, notably American Express, were bid up sharply. The rubbers failed to be influenced by the recent tire price cut announcement. Such issues as United States Rubber and Kelley-Springfield were bid up ag- gressively as the result of heavy short covering. More significance was at- tached to the removal of the Steven- son_restrictions and the effect it is likely to have upon domestic rubber companies. Call money again renewed at 7} per cent and was in good supply. The mar- ket for time funds remained dull, with the tone somewhat easier. SILVER QUOTATIONS. NEW YORK, November 2 (#).—Bar silver, 58; Mexican dollars, 43%. The necessary amount of stock has either been deposited or has been prom- | ised under the proposed recapitalization plan of Central Aguirre Sugar Co. of Boston, involving a four-for-one stock split-up, it was reported today. The directors’ committee has extended the time limit for the deposit of stock to November 15. New York Transit Co. of New York stockholders have approved the plan to sell some of the company’s unused pmperty Directors, it stated, will a position to recommend reduc- ucm in capital and a distribution to stockholders. The company operates a 300-mile oll plpe line from Olean to Unionville, N. Open. USCIP241.20.. 18% Leather A Lea pr pf(7) Reality(4) Unl Pic 1st pf(8) Univ Pipe & Rad Utah Copper (8) Vanadium (t4). Van Raalte. Van Raalte pf. Vick Chem(4). . Victor Talkg(4) Va-Caro Chem.. Vir-CarCh pf(6) Va-Car Ch pf(7) Vivaudou Co... Vulcan Detin(A) Waldorf(1%) worth (1.2 Ward Cl A(8) Ward Baking Ward Bak pf(7) Warner Bros Pio t P Popf(7) West DairyA (4) West Dairy B... West Maryland. West Pacific. ... West Union(8). Westhse A B(2) Westinghse(4). Weston Electrio White Eagle(2). White Motors(1 White Rock(2). White Sew Mach White SM pt(4) Wilcox Oil & G-, Willys-Ov(1.20) Wilson & Co.... Wilson Co pf A.. Wilson & Co pt. 65 63% 64 Woalworth(5).. 199% 203% 198% 2034 Worth Pump(B) 46 46 46 46 Wright Aero(2) 167 167% 163 165 Wrigley(15%).. 6% 7% 76% 7m% Yale & Twne(5). 65% 65% 65% 65% low ‘I'ruck 36% 35% 36% Yel Tr & Co pf. & 85 85 Youngstn Sh( 92 9% 91n Hourly Sales on N. ¥. Market. 1lam. 816300 12 uoonl.575.300 Lpm. 2042700 2 p.m. 2,612,200 Dividend rates as given in the above table the annual cash Dayme latest 1uuue)u or_half-ves nft of tradirg ices WRIGHT, SLADE & CO. Members New York Stock Exchange Chicago Board of Trade Stocks and Bonds Bought and Sold for Cash or CARRIED ON MARGIN The Mayflower Hotel Connecticut Ave. at De Sales St. New York Resident Partner Offices Wasrenton, Va. A desirable site for a group of APARTMENT BUILDINGS 100,000 Sq. Ft. of Ground Located in the city within twenty minutes of the shop- ping and theater district, this ground is an ideal site for a low for group of apartment houses. Priced extremely quick sale. to inspect—phone Real Estate Loans Insurance REALTOR IIIIIllllllllllllIIIIIIIIIIIIHIIIIIIIIIII|HIIIIIIIIIIIIIIIIIIIIIHIIlIIIIIIIIIIII|IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII Equitable Co-Operative Building Ass'n JOHN JOY EDSON, Organized 1879 seeee0e..85,449,74449 Surplus & Subscription for the 95th Issue of Stock Being Received Save Systematically in the Equitable No matter what you Your savings cumulate more rapidly if deposited in the table’s systematic plan of savings, Come in and let us explain about the plan. Common steadily money of without oNullk!. full isformation about Cities Service Common stock. E ,B On Improved Real Estate In Nearby Maryland. Virginia and the District of Columbia For Periods of 3,5 or 10 Years Low Interest Rates and Charges BOSSmPHELPS Founded 1907 1417 K St. Main 9300 Loan Correspondent John Hancock Mutual Life Insurance Co. President will ae- b are ing e Equi- 52.50 drel_al"l Per :’:l;llel Share a grow. 915 F Street T Dividends paid on Cities Service Common stock pass $100,000,000 mark On October 1, more than 90,000 investors located in every state of the union and in foreign countries received checks representing the 192nd dividend paid by Cities Service Company on its stock. This latest-dividend brings the total paid in cash and securities on Cities Service Common stock to more than $100,000,000. This unusual record is made possible by the Service increasing earnings of Cities Company. In the twelve months ended August 31, 1928, net earnings were $32,315,000, the largest Orlnyymmthelustoryofthecanpany Net to Common stock and Reserves for the same period were equal to 24.9% on the average amount of Common stock outstanding. By investing now in this 18-year-old, seasoned security, you can still get a net yield on your about 7%5%. nencedAdvertlsers Prefer The Star Telephone Decatur 370 Paris, France Ladies Room Reserved—Complete Trading Facilities Main 5027 923 New York, Ave. and 1237 Wisconsin Ave. ||| ;Efll:flu"uumfi'%fi%%’ UNLIMITED Funds for LOANS G WALTER S. PRATT, Jr, Secretary 48th YEAR COMPLETED Profits......$1,578,0' home, old age, your cl education . find the lyltem-ue sav- Snn NOW n::le:uteh it