Evening Star Newspaper, November 5, 1928, Page 14

“ FINANC1A SAVINGS DEPOSITS AT RECORD LEVEL Retail Ahead of Wholesale Trade in Fifth District, Review Shows. -: e 4 MONDAY, FINANCIAEL., NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. NOVEMBER 5 DIL STOCKS LEAD INMARKET GAINS Money to Loan seured by first deed of eal estate. Prevailing interest ai mmission. Joseph I. Weller 43 Wesh: L. & Trast Mortgage Money Loaned At Low Interest Rates i Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 UNLIMITED Funds for LOANS On Improved Real Estate In . Nearby Maryland. Virginia and the District of Columbia For Periods of 3,5 or 10 Years Open. High. Low. Close. 38t 40 3N% 404 1104 110 110% 351 552 51% Oven. High. Low. Chfl.' Al Rl 8% 8% | Murray Corp... o 1B% LISk 115 115% | o vl e ,g(‘, o “:,‘i" Nash & Chat(7). "6 g |NatAcme (sta). Nat Bellas Hess | NatBHess pt(7) Natl Biscuit(7) Nat Bisc pf(7).. Nat Cash R A(3) Nat Dairy(3). .. Nat Dept Stores Oven. High. Low. Close. 109'3 110 Dome Mines(1) 109'5 110%s Drug Ine(4). Dunhlll Int(4).. Dupont(113.50) 430 Durham Hos. ... Durham Hos pf. Eastman (18) Eastman pf ( Katon Axle(2).. Ersenlohr&Bro. Eisenlohr pf(7). Eitingon (2%).. Elec Auto L(4). Electrio Boat. .. ElecPow&Lt(1) Blec P&Lt pf(7) Elec Stor Bat(5) Em Brantgm(A) Emmerson B pf. End-John(5). Endicott pf(7).. Eng Pub Ser(1). 0g Pu S pf(h). Squit BIdg (2).. Abitihi Powr(4) Abr&Stras? % pf Adams Exp (). 3 Adv Rumley.... Adv Rumley pf. Ahumada Lead. Air Redetn (13). Ajax Rubber... Alaska Junea. .. Albany Papr(2) Allled Chem. . Allied Cm pf(7 Allis-Chalm (7). Amal Leather. Amerada(2).... Am Agricul Ch.. Am Agri Ch pf. Am Bk Note (2). Am Bk N pf(3). Am Beet Sugar. Am Beet Sug pf. Am Bosch. ..... Am Br Sh(j1.60) Am Brown Bov. Am Brown Bo pf Am Can(2).... AmCar&Fdy(6) 93 Am C & F pf(7). 119 Am Chicle(3). Am Drug (80¢) Am & For Pow. . Am&For Pr 2d 7 Am Home Pr(3) Am Ice(12%)... 90% 918 1 4391 6 36% 181% Utilities Also Active in Early Trading—Rail Issues Are Steady. 3615 180 126 561 36'% First Mortgage Loans T owest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Low Interest Rates and Charges BOSSTEPHE(PS Founded 1903 1417 K St. Main 9300 Loan Correspondent John Hancock Mutual Life Insurance Co. A ——————————————— [T D 37 109'% e $8Y% 107 874 BY EDWARD C. STONE. Regarding business and agricultural | conditions in the Washington area and . the rest of the fifth district, the monthly Money Available for | review by William W. Hoxton says to | | da; FIRSTDEED OF | n Saityi "my 2o e in most lines and Fall business about ! equals that of last vear. In the case On Completed Properties and } for Construction Use { of the district's leading cash crops, the estimated production of cotton is larger " | than last vear, although the price to Reasonable Interest an, | date has been somewhat lower, and for t Commission Rates | tobacco both production and prices are | JAMES F. SHEA ! smaller than in 1927. The textile situ- 643 Louisiana Ave. N.W. 29% 130 10% 10% 86 367 184 18% BY GEORGE T. HUGHES. 7' | Special Dispatch to The Star. NEW YORK, November 5.— Unper- turbed by the approach of the election, the stock market worked moderately higher early today under the leadership | =i of the oils and utilities. | The money situation favored opera- | tions for the rise. The renewal rate was 7 per cent, the lowest since October 25. All last week money renewed lhl 7', per cent. Funds were in supply at | today's initial charge. Time money was dull and in light demand. Aside from the caution which tomorrow’s un- certainty might be expected to produce, there was nothing in the outside news to depress quotations. 0il Stocks Prominent. Oil stocks were prominent from the start. They were turned over in huge | blocks, especially the Standard Oil| stocks, with Standard Oil of California and Standard Oil of New Jersey making new highs for-the year. Barnsdall A was the most active of the independ- ents, a block of 50,000 shares changing | hands at the ?:mgg at 41m,. ups}:'fiy ¥ x points from Saturday’s close. ell | t t II Union made a new 1928 top and other | (U@ ys ematica y n oils strong at one time or another in- cluded Richfield, Marland and Texas Corporation. . > 3 In the uiility group, stocks of both Your savings will ac operating and holding companies were cumulate more rapidly if confidently bought. —The features were | goposited in the Byuic table’s systematic plan of savings. Come in and let us explain about the plan. Nat Distillers pt at Enamel & S Nat Lead pfA(7) 142 Nat Pow&Lt(1) Nat Radator. .. Nat Supply(16). Nat Surety(10). Nat Tea(4) Nevada C(1 N Y Air Br(3).. N ¥ Central(8). ¥ C & StL(6). N Y CStL of(6) YNH&H (2). ¥ NH&H pf(7 N Y Ont&Westn N Y Stm pf(6).. N Y Stm pfA(7) NorAm b10% st} North Am pf(3) NorAm Ed pf(7) North Pac (5).. Nor Pac ¢ 5 Norwalk Oil Well Supply. | omntbus. ...... { OppmColiins(£4: Otis Elev(17). Otls Steel o Owens Bo! ) Pacifc Gas(2).. Pac Lights (3) Pacific Mill: Pac O1l Stubs Pac Tel & T(7). Packard Mo(t4). Pan-Am Petrol Pan-Amer Pet B Pan-Am Wn B.. —— = 142 404 18 T13% 1134 2004 1241y 12439 108 108 65% 66 =54 Eureka V(t%). Fairbanks(3). .. FairbankMpf(7) % | FedLizht(h1.40) Fed Min pt(7).. ifed MotT (f80c) Fidelity-Phoenx First NatS(1%) Fisk Rubber. ... Fisk Rub 1st pf. ieisehmann (3) Florsheim pf(6) Fox Film A(4).. Freeport (16%). Gabrie Snub(A) Gardner Motor. ., Gen Am Tnk(4). Gen Asphalt Gen Cable Gen Cable A(4). Gen Cigars(4) Gen Elec(15). GenElec sp(60c) Gen GasA(o01%) Gen Gas pt A(7) | Gen Ice Crm(3). Gen Motors(17) Gen Mot pf(7).. GenOutdrAd(2). | Gen Ry Sig(5) | Gen Refrac(3). . Gillette S R(c5). | ation is not as good this year as it. was | last year, but it improved distinctly in | | September and early October. i “Debits to individual accounts figures are approximately equal to those of ! 5| 1927, Savings deposits are at record ! | levels and business failures compare | | favorably with recent years. Labor is | | better employed than last year and with | | @ building program larger than that of the past Winter the prospects for em- | ployment during the next few months | 112 | are good. Coal production is up to| 11 | seasonal levels and West Virginia con- 4512 45 tinues to lead all States in output. | AmP&L(11).. 605 011, “Retail trade in September was in Am Po&L pf(6). 101ix 102 large volume, exceeding that of Sep- | Am Radiator(5) 172 173% tember, 1927, by approximately 4.5 per | Am Rad pf(7).. 142 142 cent, and inventories in department | Am Ry Ex(6)... 120 120t stores are lower than a year ago.|Am Republic... 70% 71% | Wholesale trade is not so good as retail | Am Saf Raz(15) 72 12 trade. Am Seatiug(3). | Unusual Decline in Rediscounts. | A™ Smelting(8) 2 i , Am Stl Fdys(3). Rediscounts for member banks at the 'l Federal Reserve Bank of Richmond de- | | creased from $58,371.000 on September 15. 1928, to $50,666,000 on October 15, | an unusual development at the season | of Fall crop marketing and discounting | {of bills for Fall and Winter merchan- | | dise. The increased need for cash inci- |dent to tobacco and cotton marketing raised the actual circulation of Federal | Teserve notes from $60.406.000 at the middle of September to $69,896,000 at the middle of October. In spite of the decrease in rediscounts | held by the bank, the total earning as isets of the Richmond institution rose | from $70,134,000 on September 15 to |$70,224.000 on October 15, the figure | for this item being raised by an in- | crease in the holdings of bankers' ac- | | ceptances purchased from member banks and in the open market. Mem- i ber banks reduced their reserve bal- ;ances last month, their deposits at the 52 101% 101% 9T 5l 29%, 10w 99% 101% 96% 9T W b% 29 29% 100 40 R0% B0 2 Am LaFr&Foam Am Linseed. Am Linsd pf(7). Am Locomot(8) . Am Loco pf(7) Am Metals(3).. Am Metals pf(6) 1 Equitable Co-Operative Building Ass'n JOHN 941 109 50 137 93% 109 Let us have your applications n “LOANS ON REAL ESTATE JOY EDSON, | | | Immediate Action f | Organized 1879 5,449,744.49 President WALTER S. PRATT, Jr., Secretary 48th YEAR COMPLETED Surplus & Profits $1,578,070.05 Subscription for the 95th Issue of Stock Being Received the Equitable No matter what you are saving for . . . a home. old age, vour chil- dren’s education vou'll find the Eq table’s systematic sav- ings plan a great help. Start NOW and watch it grow. 915 F Street AL Courteous Treatment Our record of 35 years speaks for itself. - Percy H. Russell Co. 1731 K St. N.W. 53 565 17% m Park Utah(80c). Pathe Ex.. Pathe Ex(A)... Patino M(2.92). Peerless Motor. Penick & Ford. Fenick&F pf(7 Penn C&Coke. Penn Dixie Cmt. Penn RR (3%). People’s Gas(8). Pere Marq(18).. Pere M prior(5). Phila Co pf (3).. 10%, | American Power & Light, which added to its gain of Saturday; American & Foreign Power, National Power & Liglh*, Electric Power & Light and North American Co. International Telephone & Telegraph and American Telephore were well supported. Consolidated Gas did better. It took only a comparative- ly small amount of buying to cut prices up in this part of the list because utili- ties had been neglected so long in favor of industrials. ' The rails were steady and a few of them strong. Among the latter Atc son responded to the announcement that stockholders would receive rights to subscribe to a new convertible bond issue. Union Pacific and Canadian Pa- cific were bid up. Kansas City South- ern rose nearly 4 points. Woolworth Advances. 1003 Am Tel & Tel(9) 1 ) Am Tobacco(8). 170 Am TobaccoB(8. 171'% 171 Am Tob pf(6).. 118 115 Am TypeFo(8). 135 1334 AmWW&El(el). 60% AmWWist pf(6) 100 Am Woolen..... i Am Woolen pf.. b: AmWrPapfefs d54 43k 44 un . 101 102 B8 90% 36l 364 93t 947 185 18 8 843 40 27in F ’ Mortgages Investments | JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. 110% 51% 3615 109 9 9 16% 17 637 64% 184 184 135 136 L3 Gold Dust (5 109 Goodrich(4) Goodyear Tire. . Good T & R (rts Goodyr1stpf(7) Gotham(12%).. Gothamn v 3214 Gotham pf(7).. Gould Coupler A Graham-Palge. . Grhm-Paige ofs Granby Min(4). Grand Stores(1) Grand Union, Grand Un pt | Grant WT (1).. 621 100 53u 17 64% 100% 185% Bah Bly 10 Tl 4454 Am Zinc pt. Anaconda (4) Andes Copr Tie. Archer-Dan(3). Armour, 111(A). Armour, Armour,’ Arnold Con & Co Art Metal(1%). Asso Dry G(2% Y REAL ESTATE LOANS Phil Morris(1).. PnillipsPet(1%) Phoenix Hoslery 4| Phoenix pf(7).. —ELECTION RETURNS— 51,9, Homes, Apartments and Business Properties In District of Columbia and Nearby Maryland-Virginia 3-5-10-Year Terms Prompt Replies Randall H. Hagner & Co. (Incorporated) Decatur 3600 11321 Connecticut Avenue Mortgage Loan Correspondent i New York Life Insurance Co. Second Trust Notes We will buy your Second Trust Note if desirably secured on im- proved property in the District of Columbia. Prompt Attention to Applications Nafiona;l ‘Mo'rtgage & Investment Corporation 1004 Vermont Ave. N.W. Main 5833 We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Compound your dividends monthly at 7%% The scientific Doherty Reinvest- ment Plan eaables you to reinvest each month, with no effort what- ever and without the loss of a day or an odd cent, the monthly dividends you receive from Cities Service Common stock. This means that at the present price of this 18-year-old security you are compounding a 7% % return monthly—a short cut to financial independence. Mail the coupon Seuthern Washington, Bullding - “o.¢ "4 Please send me full intormation about Cities ervice Common stock and its 18-year divi- ‘| nounces that Frank Pennell of New Federal Reserve Bank of Richmond de- | clining from $71,958,000 to $67.799,000 | between September 15 and October 15, |, The several changes mentioned raised | the cash reserve of the Richmond bank | from $72,866,000 to $79,550,000 during | the month under review, and also in- creased the ratio ol cash_reserves to note and depcsit labilities combined from 53.43 per cent to 56.04 per cent. Local Exchange Closes Tomorrow. The board of governors of the Wash- ington Stock Exchange met this-noon and voted to close tomorrow, election ay. Trading on the first day of the busi- ness week centered in the new Riggs National Bank warrants. Another long list of fractional sales appeared on the board and there were also several sales of full warrants. One prominent mem- ber of the exchange humorously re- marked that every member Treally ought to be thoroughly familiar with the Einstein theory in order to have the correct figures when the fractional warrants are transferred. Capital Traction moved at 106, and Potomac Electric Power 5. per cent stock sold at 109. Mergenthaler Lino- type came out at 100%; and Lanston Monotype sold up to 115. Railway and Electric preferred registered 100!> and a small lot of Merchants’ Transfer & Storage preferred changed hands at 1071;. Five shares of Chestnut Farms Dairy common sold at 175, having J\;mped to that figure since the last sale at 158. Washington Loan & Trust sold at 5113, American Security & Trust at 454, d Federal-American National at 336. Sanitary Grocery preferred again commanded 151. Bonds were neglected. New Brokerage Office Is Opened. Clark, Childs & Co., members of the New York Stock Exchange, have opened offices in this city at 1508 H street north- west. The new office, has an attractive boardroom and is under the manage- ment of James Sloan, jr., for many years head of the United States Secret Service at the White House. The open- ing of this branch adds another to the stead] growing list of Wall Street houses with Washington connections. A. L. Baldwin, president of the Dis- trict Underwriters' Association, an- York, a general agent, will address the local association at a meeting next Fri- day evening at the Burlington. He will speak on “How to Write 200 Lives a Year.” Mr. Pennell is an experienced insurance man, a good speaker and be- lieves in intensive development of a small territory. He believes it unnec- essary for a man to go more than a quarter of a mile to write new. business, Local insurance men are much inter- ested in the announcement that Paul Clark, president of the National Asso- clation of Life Underwriters, is planning & visit to this city in the near future in connection with next year's national convention here, Heard in Financial District. ‘The next conference of local bank au- ditors will take place Thursday evening at the University Club, J. Dann Faber, the president, announced today. A gen- eral discussion of matters of particuiar interest to this group will feature the { meeting and plans for becoming a sec- tion oi the District Bankers' Association will also_be considered. P. & W. Grand 5-10-25 Cent Stores, Inc., report sales for October of $1,756,~ 404 as compared with $1,223,398 in Oc- tober, 1927, an increase of 43.5 per cent. i For the 10 months ended October 31, 11928, sales totaled $12,054,198, an in- | crease of 27.2 per cent over the $9,475,-~ | 617 in the similar period of 1927. All the Washington banks will be open as usual on election day. but the brokers will take a day off, as the New York Ex- r)lllngc will be closed and the tickers silent, POTATO MARKET DULL. CHICAGO, November 5 (United States Department of Agriculture).—Potatoes —Receipts, 275 cars; on track, 574 cars; total United States shipments Satur- ! day, 831; Sunday, 55 cars; trading slow, | market dull; Wisconsin, sacked, round | | whites, 90, mostly around 85: Minnesota | !and North Dakota, sacked, round | whites, 70a85: fancy. shade higher: sacked Red River Ohio’s, mostly 90: | | South_Dakota. sacked. early Ohio's, 80, Atchison pf(5). Atl Coast L(110) 164% 16 Aus Cred(4.49). Auto Sales..... 13 13 Auto Sales pf(3) 34 34% Balto & Ohio(6) 112 Bambgr pt(6%) Bang & Ar(3%) BklynUnGas(5) 163 Brunswick B(3) Calif Packg (4). Callahan Zine. . Calumet&Ari6). 115 Can Pacific(10). Canon Mlls 2.80. Case Threshg(6) Cent Alloy (2) Century RIb M,. 22: 'F‘erro de Pas(6). 101 Asso D G 1st(6) 1 AsS0 0il(2)..... Atchison(10) 104 Atl Gulf & W1, 504 Atl Gulf pf(3 Atlan Ref (n).. 55% Atlan Ref pf(7). 116 AtlasPowder(4) 82 Atlas Pow pf(6) 104 Atlas Tack...., 124 60 13 Bald Loco pf(7) 117 117 112% 109% 1095 69 6y Barnet Leather. 30 Barnsdall A (2). 48% Barnsdall B (2). 46 Bayuk 1St pL(7) 1051 105% Beacon O . 21 Beech-Nut (3 Belding-Hemwy Belg N R pf(16) Best & Co(3)... Bethlehem Steel 67% Beth Steel pt(7) 119% 1204 Bimingdle pf(7) 110 110 Bon AmiA4).. T34 734 Booth Fisheries. 9% 9% Borden Milk(6). 164t 161l Botany Mills(A) 16 16 Briggs MfgFCo, 51 52 Brockwy Mot(4) 7% Bklyn-Man(4).. 66 Bkiyn-Manpf(6) 88! 84 bl 521 35 k) 43% Roch&P(4) 100 56% 82). 70 Bush Ter de(7). 106% 106% Butte Cop & Z.. 9 Butte & Sup(2 Butterick Co. Byer & Co . By-Prod(12.75). Brunswick Ter. Brun Term rts. . Bucyrus(1).... Bucyrusev(2l) Buw 100 1 87% 6 86% %5 3% lu & Hecla (4) 43 n Dry (14%). 2 6% 7% 219% 221 4T 102% Bl T4 17% 25 188% 30% 7 Chandler-Clev.. 17% Chandler-Cl pf. 244 Ches & Ohlo(10) 187 C&OCorpn(3). 66% Chi & Alton..... Chi & Alton pf.. Chi Great West. Chi Gt West pt. Chi MIl & St P., Chi Mil & StP pt Ch: & Nwn(4).. Chi Pne Tool(8) 122 Chi RI&Pac(6). 1324 CRI&PpL(7). 108 Chickasha (3).. . 49% Childs(2.40).... 49% 50% Chile Copper(3) 58% 59% Chrysler(3).... 1241 127 City StB5% stk 105 105% Cluett-Peab(5). 7l% 72 Coca-Cola(6)... 161 161% Collins & Afkmn 59% - 60 Col Fuel & Iron. 71% 72% Col & Southn(3) 110 110 Col Sou 1st(4).. 77 17 Col Sou2d pt(4) 70 70 Col Gas & KE1(6) 127 130% Col G&E DfA(6) 106% 106% Col Carbon(4).. 94% 96 Columb Carbrts 215 24 Com Cred(1)... 44% 45 Com Cr pf(1%). ComInvTr(3.60) 1 Com Inv (war).. Com InTrpf 6% 9714 871y Com Solvents(8) 214% 214% Com Powr(t3).. 6% E9h Conde Nast(z).. 74 76 Congoleum-Nair 26% Consol Cgrs(7). 92% ConCigprpf (6% Con Fiim pf(2). Consol Gas(5).. ConsolGas pf(5) ConRRCuba pf & Consol Textile. . Container A 1.20 " Container B 60c. 104 Cont Baking A.. 40 108 50 | a85; Idaho, sacked, russets, 1.55a1.75; | mostly around 1.65. PARIS BOURSE PRICES. PARIS, November 5 (P).—Price | changes were mixed on the Bourse to- | day: 3 per cent rentes, 64 francs 25 centimes; 5 per cent loan, 91 francs 65 | centimes; exchange on London, 124 francs 15 centimes. The dollar was | quoted at 25 francs 60'% centimes. Eisenlohr Co. Reports Earnings, | NEW YORK, November 5 (#).— | Otto Eisenlohr ‘& Bros., Philadelphia cigar manufacturers, reports net in- come for the nine months ending Sep- tember 30 of $129,036, equal to 5 cents per common share, against $218,847 in Cont Baking B.. Cont Bak pf(8). Cont Cant5). nt Insurc6). nt Mot (80c). Corn Proc13%). Coty Inc (8).... 2 CubaCaneSugar. Cuba Cane Supt 1 Cuba Company . Cuba R R(4.80). | Cuban Am S(1). 16% Cudahy Pkg(4). 66% 668% Curtiss Aero(1). 125 1347 Cuyamel Fruit.. 61% 61% Davison Chem.. 9% H9% Deere&(Co pf(7) 125 125 Del & Hud(9)... 189 189 Del L & W(t7),. 128 128 Detroit BA(8).. 192 197 Detroit Ed (rts) 15 16 88 118 Ba 154 16% Bl B4 7ol 282 3 Tk 88% 18 A% 16 2315 81 17 % 81 the like period of 1927, equal to 44 cen's a share. Devoe A (13.20), 547 Bdii Diamond M(19). 163% 166 105% 21 Graselll (2.68).. Grt North pf(5) Gt Nor pf efs(5) Grt Nor O(1%). Grt Wn Sug 2.80 Grt Wn Su pf(7) Greene Cana(4). Guantanamo Su. Guan Sug pf(8). Gult Mo & Nor. . Gu M & N pf(6) Gulf Stat Sti(4). Hanna 1st pf. Hartmn B(1.: Havana El R; Hershey pf(4).. Hershey prpf(6) Holland Furn... Houshold(14). Houston Oil. Howe Sound (4). Hud Man(23%).. Hudson Mot (5). Hupp Mot (£2).. Llinots Cen (7). Ind Oil (1%).... Indian Mot(1%) Indian Refining. indian Refg ctfs Indust Rayon. .. Inland S(k16%). Inspiration Cop. InterboroRapTr 133 108 a0 1275 197 15% 54 163% 166 InterconRubber Internat Agri,.. Int Ag Ch pf (7). Int Bus Ma(5) Int Cement (4) Int Com Eng(2). Int Harv(j6). Int Mtch pf 3.20 1 Int Mer Marine. Int Mer Mar pf.. Int Nickel (3)... Inter Nick pf(6) Int Paper(240). IntPap cfs(2.40) Int Paper pf(7). In Pap pf cfs(7) Int Prig Ink 2%, Int Ry Cent Am. int Ry CA pt(5) Intl Salt(5).... Int Tel & Tel(6) Inter Dept Store In Dept Sto pf 7. Island Creek(4). Johns-Man pf(7) Jones & Lau(7). Jordan Motor. .. Kan City South, Kan C 50 pf(4). Kayser J(5).. Keith-Albee Seith-Al pf(7).. Kelly-Spring... Kelly Tire 6%pt Kelly Tire 8% pt Kels Hayes(2).. Kelvinator Corp Kennecott (6).. Kinney (G R)... Kinney pf (8). Kolster Radio. Kraft(gl%) Kresge(11.60) Kresge Dept S. . Kress SH(h113) Kreuger & Toll. Kroger Gro(cl). Laclede G pf(5). Lago On... Lambert (161). Lee Tire & Rub. Lehn & Fink(3). Life Sav(1.60) Lig & Myrs B Lig Carb (14%). Loew's(13). (1.60).. Lorillard Co.... LouisGasA(1.75 Ludlum Sti(2).. McAndrews 2.60 McCrory A(2).." McCrory B(2).. McKeespt Tin P} Mack Truck(6). Macy Co (2) Mad Sq Gar (2). Magma Cop(3). Mallison & Co. .. Man Elec Suply. Man El m2g(ds) Man Shirt(2). Maracaibo Oil1 Marland Oil Marlin-R(13 arr Mathieson(§ May Dept S(4).. Mayatg (1%). Maytag pt (3).. Melville Shoe(1) Mengel Co. . Mexican Seab. Miami Cop(1) Minn & St Louis® Mo Kan & Tex. . Mo K&Tex pf(7) Missour: Pacific Missourt Pac pt. Mohwk Car 215 . Montgmry W (15 Moon Motor. ... Mother Lo(30c). Motor Meter A.. Motor Prod (2). Motor Whi(2) Munsingwr(3).. 116% 137% H0% 104 66 90 24% 10 80% 103 120 121 13% 69% 601 10% 704 Pillsbury (12.10) Pitts Coal . Pitts Coal pf. Pitts&WVa(6).. PortoRIcoTobA . PortoRicoTobB. Postal T&C pt 7. Postum (3)..... Pressed Sti Car. Pr Stl Car pf(7) Produ & Refinrs Producers&R pt Prophylac(t3%) Pub Serv NJ(2). Pub Serv pf(6). Pullman Co(4).. Punta Aleg Sug. Pure Oil (1).... Purity Bak(3).. Radio Corpn. ... 2 RadioCo pl(3%) 5 Reading Ry (4). Reading 1st(2)., Reading 2d(2).. Real Silk Hos. .. Remingtn-Rand Reo Mot (t1%). Rep | & S(4). Reynolds Spn, ReynldsTobB(5 RhineWstphalia Richfleld Ofl(2). Rossia Ins(5)... Koyal D(a3.222) St Jos Lead(13). StL & Senk(18). SUL & SFr pf(6). StL&Southwest. Savage Armsi2) Schulte (j3%).. Schulte pf(8) Seab Alr L Seagraveiel.20) ars-Roe(32%) Seneca Copper. , Shell Un(1.40).. Shubert The(5). Simmons Co(3) Simms Pete. Sinclair Ol Sinclair pf(8). Skelly O1112). .. Snider Packg Co So Po Sug(f2%). South Calif Ed.. South Dairles B, South Pac(6)... South Ry (8). SouRyM&Ocfs 4 Spang Chalfnt.. Spear & Co. Spear&Co p! Spicer Mfg..... Std Com To(f1). SWGEB (3%). S G & B pfi4). Std Milling(5).. Std O Cal(234).. SWOIINJ (11%). StdOIINY(1.60). Std Plate Glass. | Std P Glass pf.. StdSanPro(1.68) Stanley Co. Stewart-W: Strom Car(2)... Studebaker (5)., Superior Ofl. Superior Steel. . Telautogh(80c). Tenu Copper(1). Texas Corpn(3). Texas Gulf Sul(+ Tex Pac C & Oll. Tex Ld Tr(new) Thatcher Mfg. Thatcher pf 3.6 The Fair(2.40). 4| Thomp J R(3.60) | Tidewater AsOll Tid WASO!Ipf(6) ‘Tidewater Ol 80 4 i Tide W Ol1 pf(5) Timken(16). ... Tobac Prod (8). Tobac Prod A(7) Tob Prod ctfs B, | transcont Oil... Trico Prod (2% ) Truscon Steel. . . 'win City RaTr. Twin City pf(7) Underwood (4). Udwd-EI F pf(7) Un Bagé&Paper.. Union Carb(6).. Un Ofl Cal(2)... Union Pac(10).. Union Tanki(5). { Utd Biscuit 1.60, Utd Cigar St(1). Utd Cgr St pf(6) Utd. Elec. Coal. . Utd Fruit(16%) US CIP 2d 1.20.. U'S Distributing U S Distribpf(7} U S Hoffman (4) U 8 Aleohol (5) . U 8 Alchohol rts U 'S Leather. ... U'S Leather A.. U S Realty (4).. U S Rubber. . U S Rub 18t pf.. U'S Smelt (3%). U S Steel(7).... U 'S Steel pf(7). U S Tobacco(3). Unt Leat Tob(3) Uni Pic 1st pf(8) Univ Pipe & Rad Utah Copper (8) Gul P&L Ace2). Vanadium (14). 103% 66% 22 T5% 24% W 72 126% 27% 103% 2% Neither U. S. Steel nor General Motors were conspicuous in the morn- ing trading. Motors was slightly high- er, but steel looked heavy. Speculation turned away from the old leaders in favor of Woolworth. The advance in this stock had started Saturday, buf gained momentum today, running up rapidly 5 points to a new high above 214, Victor Talking Machine came back decisively after its recent weak- ness. ‘The sugar stocks received more attention, particularly South Porto Rico and American Sugar Refining. The rubbers were under moderate pressure. In the copper group Kennecott assumed the leadership. Wall Street Briefs Electrification by the Pennsylvania Railroad of 325 miles of line and L300" miles of track will call for use of ap-| proximately 55,000,000 pounds of cop-| per, the Copper and Brass Association | reports. More than half of the copper | used by the railroad will go into over- head wiring, or catenary construction, which will require about 30,000,000 pounds. The 365 new electric loco- motives called for in the program will take about 14,000,000 pounds of copper. About 6,000,000 pounds will go into transformers and substations, and an additional 5,000,000 pounds into the| 218 multiple unit trains to be operated in suburban service. The New York Produce Exchange has been proceeding very carefully with its plans for trading in securities not nowI listed on any New York exchange, with; the result that the institution of trad- ing has been delayed several weeks. While it was rumored some time ago that trading in securities would begin before November 1, it now appears | that it will be closer to the end of the| year. The committee on listing has| made no announcement as to the num- | ber of issues with which trading will be | listed. The posts have been arranged for trading. One of the most significant Indica-i tions of the trend of business in the| electrical field is the steady volume of buying by industrial plants throughout the country, Electrical World reports. Manufacturing concerns are going ahead steadily with expansions and im- provements in their plant facilities, and this is reflected in good sales of motors and control apparatus. The| movement toward the complete electrifi- cation of industry is said to be making | rapid headway. i Low. 107 14% 53% 16% Close. | 107 1 141 5ty 17 Oven. 107 14% bty 16%4 High. 107 14% vy 18% Vietor pr pf(7). Va-Caro Chem.. Vir-CarCh pf(6) Vivaudou Co.... Wabash RR.... Wabash B(5). Waldorf(1%4)... Walworth(1.20) ward Baking B. Ward Bak pf(7) Warner Bros Pie Warner PicA... Warner-Qu(2) Warren Bros(4) Warren F&Pipe. Wes O&Sno pf7. Web & Hell. W Penn El A W Penn El pf (6) W Penn El pf(7) West P Po pf(7) West Dairy B... West Maryland. West Md 2d pf. West Pacific. . West Pacific pf. West Union(8). Westhse A B(2) Westinghse(4). Westhse 1st(4). Weston Electrio White Eagle(2). White Motora(1 WhitRek cfs(2 White Sew Mac! White SM pf(4) Wilcox 011 & G. . Willys Ov(1.20) Willys-Ovd pf 7. Wilson & Co.... Wilson Co pf A. Wilson & Co pf. Woolworth(5).. Worthn Pump. . Wright Aero(2) Wrigley(t5%).. Yale & Twne(5). Yellow Truck. .. Youngstn Sh(5) Hourly Sales 395 1754 8 6415 3Th 924 on N. Y. Market. 1lam. 754,900 12noonl.464.400 1g.m.. 2,041 600 2 p.ra. 2,552,600 Dividend rates as given In the above table the ann h payments pased on the quarterly vearly declarations. Unit of tradirg ihan 100 sha + Partly extra t Plus 4% in stock 13 in preferred stock. Y Plus 1/25 able wl Payable in_cash _or L} in stock. b Pay- Pins "o 20 in auarterly in | / quarterly in inited Cigar Stores common stock. & Plus %% In stook. Wright, Slade and Company Members New York Stock Exchange INVITE YOU Election Night at Their Offices MAYFLOWER HOTEL DeSales Street and Conn. Ave. Direct Continuous Reports by Wires from Entire United States LARK-,CHILDS & COMPANY 120 Broadway’ New York, N. Y. WISH TO ANNOUNCE THE OPENING OF THEIR WASHINGTON OFFICE AT 1508 H STREET NORTHWEST MEMBERS NEW YORK STOCK EXCHANGE NEW YORK COTTON EXCHANGE NEW YORK COFFEE EXCHANGE NEW. YORK CURB MARKET NEW YORK PRODUCE EXCHANGT BOSTON STOCK EXCHANGE CHICAGO BOARD OF TRADE CHICAGO STOCK EXCHANGE 5020 Telephone Metropolitan 5021 JAMES SLOAN, Jr, Manager APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY of Columbia in Montgomery Counties, Md. Located in the Di and adjacent suburb and Prince Georges 52% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th St. N.W. Main 8100 * 1730 Sixteenth Street N.W. Directly Opposite the Scottish Rite Temple FINE semi-detached residence on Sixteenth street, con- taining 16 rooms and 5 baths, beautifully decorated throug out. 6-car garage with chauffeur’s quarters. This property for sale at a very attractive price, as owner has left the and desires an immediate sale. To inspect nd REALTOR l237W:cominAv¢.