Evening Star Newspaper, November 8, 1928, Page 14

14 5 ’ 3 5 DOWNTOWN 2nd COMMERZIAL At a Bargain Price A home for vour busifess,In the heart o the city. _ Ideal-for fc. ‘warehouse, lisiment=for’ laundry, A Piree-story bulldiag, i And rear alley, electric elevator, ol hpat ! Thoz. E..Jamell Co. Iters Main 766 Over a Third of a Cemurl/'l Apartment Vacancies Are Costly { —flrh". why our services as r ¢ nagers of your prop- erty f are an economy. T§at we not only make evay efort to find desi’- 2’ &> tenants; but we keep 'y upkeep down—to your 74¢ ded profit. /B. F. SAUL CO. Main 2100 925 15th St. We Offer FEDERAL LAND BANK 437 BONDS Dated November 1, 1928 Due November 1, 1958 Not redeemable before November 1, 1938 Exempt from Federal, State, Municipal and Local Taxation Price: 100 and interest to yield 4Y,% COLSTON, HEALD & TRAIL Thomas Hopkins, Jr., Mgr. * Washington Office 912 Woodwa:d Building Metropolitan 5234 100 Broadway Keyser Bldg. New York Baltimore Success in|i' SAVING UARANTY Mort- gage Bonds that this corporation spon- sors and guarantee: should appeal to the critically discriminat- ing investor. They aré secured b; pleted fee-simple prop- erties in Washington .. . and its suburbs. Notes in denomina- tions of $100 upwards. Write ' for illustrated Rooklet about Guaranty Securities. ReaLEsTATE MoRTGAGE & GUARANTY CoRPORATIOR Capital Resources 3,400,000 24 JACKSON PLACE For Greater Prosperity —you want better banking connections, such as the dean of Waghington’s Na- tional Banks stands ready to provide. QOur resources and seasoned service always available where enterprise is backed by sound busi- ness principles. 3% Paid on Savings National Metropolitan Bank 1928 Capital, Surplus & Undivided Profits, Over $2,000,000.60 15th Opp U. S. Treasury are 1814 FINANCIAL PARKSAVIS PAYS OVEND I STORK Shareholders Get 100 Per Cent Distribution; Exchanges Hold Annual Convention. BY EDWARD C. STONE. ‘The Park Savings Bank is today is- suing its new stock in payment of the 100 per cent stock dividend recently passed upon by the stockholders, ac- cording to an- nouncement by Robert 8. Stunz, vice president and cashier. The bank has cnjoyed a long period of prosperity end is now one of the largest savings banks in Washing- ton, deposits on the last controller’s call cn October 3 hav- ing been $3,573,- 657.74. In connection with the payment of the stock divi- i @ dend tihc b;nk is increasing its cap- Harry L. SeIS%. o from $50,000 to $100,000. When the matter first came up for consideration .President George E. Walker sont a letter to the share- 1 holders, stating that the officers and | directors favored the move and urged adoption of the recommendations. He said the increase n capital would be beneficial to the mstitution in caring | for its increasing business and that the stockholders were entitled to the divi- dend in view of their co-operation with the officers and directors in making the bank successful. + The last sale of the | stock reported on the Washington Stock { Exehange was made at 95. Convention Takes Up Live Topics. | | The third annual convention of the Associated Stock Exchanges, in which the local exchange holds membership, opened this morning in Cleveland, with Eugene E. Thompson of this city pre- siding and presenting his annual report. Representatives were present from Bal- timore, Cincinnati, Cleveland, Columbus, Detroit, Hartford, New Orleans, Phila- delphia, Pittsburgh and St. Louis. The Boston and Chicago Stock Exchanges and the New York Curb also sent un- official representatives. Howard B. Smith, president of the iNew York Transfer Association, was the | first speaker, discussing “Guarantees to Signatures to Stock and Bond Assign- ments.” Rollin A. Wilbur, president of the Investment Bankers’ Association, ySpoke today, as did J. W. Craig, presi- | dent of the National Association of Se- curities Commissioners.. Tomorrow’s reports will cover taxa- tion, membership, publicity, revision and amendmenis to the constitution and by-laws, listing requirements, ways and means to stimulate interexchange busi- ness and floor trading systems. Forums are to be held on “Uniform Commis- sions,” “Call Money,” “Shoft Selling and Lendnig of Certificates,” “Clearing Houses” and other topics. Selby Appointed Bank's Manager. Harry L. Selby, cashier of the Farm- ers & Mechanics' National, has been made manager of the bank, now that it has become a part of the Riggs Na- tional by consolidation. Thz other mem- bers of the staff at the time of the merger have also been retained in their former positions in Georgetown, as well as in the branch at Friendship. Lir. Seclby started his ba ca- reer at the bottom of the ladder and worked his way steadily upward by his ability, study and constant application usiness.” His first job was that of & runner, which he secured during a Summer vacation at Western High {School. In February, 1900, hs left West- ern High in the middle of his senior year, when he was president of his class, to take a permanent place in the bank. He has remained with the same in- stitution ever since, having bzen elected cashier on February 27, 1919. He was born and reared in Georgetown. While advancing in his profession, Mr. Selby took many business courses in night schools and also attended Washington Chapter, American Institute of Bank- ing. His outside interests have been limited largely to activities in the citi- zens' associations. Rapd Insurance Gains in South. Facts as to the remarkable increase in the amount of insurance in force in the Southern States has been laid before President Coolidge by Julian 8. Myrick, president of the New York State Life Underwriters’ Association, as evidence of the high mark reached by Southern prosperity. ‘The report to President Colidge shows that while the life insurance written in the United States increased 321 per cent from 1900 to 1919, the life insurance written in the South in- creased in the same period 477 per cent. From 1919 to 1927 the South increas- ed the life insurance in force 1223 per cent, while the United States as a whole showed an increase over the same period of 768 per cent. Gas and Bank Stocks Go Higher. Four shares of Washington Gas Light stock reached a new high on the local exchang2 today when they changed hands at 103%,. Riggs National Bank stock, which sold at 550 yesterday, ad- vanced 10 points today when 11 shares moved at 560. Riggs National Bank warrants also advanced 5 points, selling at 305. There were several sales in th]e full warrants and several fractional sales. » Five shares of American Security & Trust stock sold at 456 and five more at 454. Potcmac Electric Power 6 per cent stock sold at 1137, Chzstnut Farms Dairy preferred at 100}, and 400 shares of National Morigage & Investment pre- ferred at 5%. Nineteen shares of Chapin Sacks 8 per ceni preferred brought 107. The cnly bond sale was a $1,000 Gas 6, scries B, at 107, Wile Addresses Local Bankers, Frederic Willlam Wile, distinguish- ed political writer, addressed the di- rectors and staff of the Bank of Com- merce & Savings at a dinner at Har- vey's last night, when Alexander Wolf, general counsel and =a director, was host. Mr. Wile recalled some of his youthful experionces while working in 2 Chicago bank before he entered the newspaper field, and also presented an interesting review of the presidential election. Several of the directors also spoke briefly, mentioning the early days of the bank and its later progress. Calls Special Commiitee Sessions, F. P. H. Siddons, chairman of the District Bankers' Association commit- tee on trade activities, has called spe- cial meetings of the four separate sec- | tions of the committee in the near fu- ture. It is th> committee's intention to gather valuable information for the as- sociation during the year instead of waiting to make one report at the an- nual convention. 0il Refinery to Reopen. NEW YORK, November 8 (#).—Th: New England Oil Refining Co. of B ton announced today that operations ut its Fall River refinery will be resumed on November 15. The refinery was closed in September bzcause ‘of the Ef,fé stock of unfinished goods on Teceives Big Car Order. NEW YORXK, November 8 (#)— Pressed Eicel Car Co. of Pittsburgh has received an order for 1,000 refrigerator cars from the Amorican Refrigerator Transit Co., s/ subsidiary of the Missourt Pacific Railrggd and Wabash Railway. 4 Chi Gt West pf. . THURSDA THE .EVENING STAR, WASHINGTON, D. C, NOVEMBER 8, 1928. FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. North Am pf(3). NorAm Ed pf(7) rth Pac(5)... r Pae cfs(5).. rwalk Tire... 011 Well Supply. Omnibus....... Omnibus pf(8).. OppmCollins(t4) Otis Blev(17) Otis Steel....... Owens Bot(ct4). Pacific Coast. .. Pacific Gas(2).. Pac Lightg (3).. Pac Oil Stubs. .. Packard Mo(t4). Pan-Am Petrolm Pan-Amer Pet B, Pan-Am Wn B. . Panhandle...... Paramount-Fam Park & Til(13). . Park Utah(80c). Pathe EX....... Pathe Ex(A). Patino M(2.92). Peerless Motor. . Penick & Ford. . Penn C&Coke. .. Penn Dixie Cmt. Pa Dix Ct pf(7). Penn R R(3%).. People's Gas(8) . Phila Co pf(3).. Phlla & RC&I. Phil Morris(1).. PhillipsPet(1%) Phoenix Hosiery Pierce Oll. . Pierce Oil p: Pierce Petrolm. . Pillsbury (12.10) Pillsbry pf(6%). b2l 102'% 102% 8% 5% 29% 10% 52% 101% 102% 98% 5% 20% e e 1105 112% Eitingn pf(6%): 112% Y Elec Auto L(4).. 112 112 111 111% 10% 11% 10% 11 4074 Complete List of Odd-Lot Sales Will Be Printed in the 5:30 Edition. % ’ Elec Stor Bat(s) 11k Horn. .. End-John(3). Eng Pub Ser( Eng Pu § pf(5). Equit Bldg(2) ErieRR... Erle 1st pf. . Eureka V(i3%).. Fairbanks(3)... FedLight(h1.40) Federal M & Sm. Fed MotT (f80c) . Fidelity-Phoenx. First NatS(1%). Fisk Rubber. ... Fielschmann(3). Florsheim (A).. Foundation Co. . Fox Film A(4).. Freeport (16%). Gabriel Snub A, Gardner Motor. . Gen Am Tnk(4). Gen Asphalt.... { Gen Asph pf(5). Gen Cable...... Gen Cable A(4). Gen Cigars(4) Gen Elec(15). .. GenElec sp(60c) Gen GasA(ol%) Gen Ice Crm(3). Gen Motors(17).. Gen Mot pf(7).. GenOutdrAd(2). Gen Outdr Ad(4) Gen Ry Sig(5).. Gen Refrac(s).. Gillette S R(c5). Gimbel Bros.... Gimbl Br pf(7).. Gitdden Co...... Gold Dust (5) Goodrich(4) Goodyear Tire. Goodyr 18t pf(7) Goodyer (rts).. Gotham(32%). . Gothamn v 2% Gould Coupler A 4 | Graham-Paige. . Grhm-Paige cfs. Granby-Min(4), Grand Stores(1) Grand Union.... Grand pf(6%).. Grant W T (1).. Grasselli (2.68). % | Grt North pe(5). Gt Nor pf cfs¢6) Grt Nor O(1% Grt Wn Sug 2. Greene Cana(4). Guantanamo Su. Gulf Mo & Nor.. Gulf Stat Sti(4). Hartman A(2).. Hartmn B(1.20) % | Hershey Corp. .. Hershey pf(4).. Hollnd Furnace, Household(14). . Houston Oil. ... Howe Sound(4), Hud Man(2%).. Hudson Mot (5) . Hupp Mot(£2).. Illinois Cen(7).. Ind Oil (1%). .. Indian Mot(1%) Indian Refining. Indian Refg ctfs Indust Rayon... Ingersoll R(15). Inland S(k16%). Inspiration Cop. InterboroRapTr. InterconRubber. Internat Agri. .. Int Ag Ch pf(7) Int Bus Ma(5) . Int Cement(4). Int Com Engt2) Int Harv(jé Open. High. Low. Close. Abitibi Pow (4). 40 ~ 40 38% 39 Avitibi Popf(6). T8% 79 8% Abrahm&Straus 110 111 Adams Exp(6).. 852 352 Adv Rumley. ... Adv Rumley pf. Ahumada Lead. . Air Redetn (13). Ajax Rubber. Aiaska Junea. Albany Papr(2). Allied Chem. . Allied Cm pf(7). Allis-Chalm(7) Amal Leather Amerada(2) Am Agricul Am Agri Ch pf.. Am Eeet Suga Am Bosch. Am Br Sh(j1. Am Brown Bo Am Can(2). AmCar&Fdy Am Ch Am Ch Am Drug(80c) . . Am EncauTil(3) Amn Express(6, 231% 234% 122 122 136 137 10 40% 18% 6674 52 107% 107% 9%6% 97 31% 6% 41% Am Hide & L pf. Am Home Pr(3). 31% 6% Am Ice(72 42 Am Linseed Am Linsd pf(7). Am Locomot(8). Am Loco pf(7).. Am Mac&Fy(4). Am Metals(3)... AmP&L(1).. AmP'o&L pf(6). Am Radiator(5) . Am Republic. Am Saf Raz(13). Am Seating(3). . Am Smelting(8) Am Stl Fdys(3). Am Sugar Am Sumatra (3) Am ‘el & Tel(9) Am Tobacco(8). Am Tobac B(8). Am Tob pf(6)... Am TypeFo(8). . AmWW&El(cl). AmWW1st pf(6) Am Woolen. ... Am Woolen pf. . Am Writ Pa ctfs Am Zine.... Am Zine pf. Anaconda (4 Andes Copr 75c.. Archer-Dan(3). . Armour Del pf 7. Armour 1I(A). . Armour 111(B). . Armour Il pf(7) Arnold Con & Co Artloom(3)..... Art Metal(1%). AssoDryG(23;). Asso DG 1st(6). Asso D G 2d(7). Atchison(10). Atchison pf(5). . Atl Coast L(110) Atl Gulf & WI AU Gulf pf(3) Atlautic Ref(n). AtlasPowder(4). Austin-Nichols. . Ausun-Nich pf. . Auto Sales. .. ... Auto Sales pf(3) Balto & 0(6).... Bang & Ar(3%). Barker Bros(2). Barnet Leather. Barnsdall A (2). Beacon Ol....:.. Beecn-Nut (3)., Belding-Hemwy. Beig N R pt(16). Best & Co(3). ... Be'hlehem Steel. Beth Steel pf(7) Booth Fisherfes Booth Fish 1s Borden Milk(6). Boston & Maine., Botany Mills (A) Briggs MfgFCo. Brockwy Mot(4) Brockway pf(7) Bklyn-Man (4) BklynUnGas( Brunswick B(3). wick Ter. . Term rts. Bucyrus(1)..... Bucyrus cv(2%) Bush Term(g2). Butte Cop & Zine Butte & Sup(2). Butterick Co. Byer & Co . By-Prod(12.75). Calif Pack(4)... Calumet&Ar(6). Calu & Hecla(4) Can Dry (t4%). Can Pacific(10) . Canon Mills 2.80. Cent Alloy12)... Century Rib M., Cerro de Pas(5) . Certo Corpn(t4). Certain-Teed (4) Chandler-Clev. . Chandler-Cl pf.. Ches & Ohio(10) C&O Corpn(3).. Chi Great West. 146% 146% 96 96% 109% 109% 173173 52 52% 91% 9% 102 102 174% 176% T Tik 2 72% 2906y 275% 276 58 B8N 6% 6% 58 b8 1881 189 171% 173 171% 174% 18 118% 137 137 62 62 101 101% 22% 284 54 54% 1414 . 48% 49y 104% 106% 97 97 39% 397 98% 100% 924 92% 18% 18% 9 9 84 84 40% 41 33 34y 28 284 52 58% 101% 101% 107% 107% 194% 194% 104 104 165% 163% 49 49% 63% 633 59% 591 81 81 6% 6% 324 324 13 13% 34% 36% 1124 118% 68 69 29% 20% 29% 30 4% 48 21% 21% 8% 8% 18% 18% 84 84 99% 99% Pitts&WVa(6). PurtoR1coTobA . PortoRicoTobB. Postal T&C pf 7. PostuiA(3). ... Pressed Stl Car Pullman Co(4). Punta Aleg Sug, Pure 011 (1), Purity Bak(3).. Radio Corp. . ReadingRy (4). Reading 2d(2). Real Silk Hos. . Remingtn-Rand. Reo Mot (11%). Rep L&S(4).... Reynolds Spngss. ReynldsTobB(5) RhineWstphalia Richtield O11(2) . Royal D(ad.222) . St Jos Leaa.i3). 80% | StL & SanF(18). StL&Southwest. Savage Arms(2) Schulte (J3%).. Seagrave(el.20). Sears-Roe($2%) Seneca Copper. . Shattuck FG(2). Shell T&Ta2.425. Shell Un(1.40). Shuber't The(5) . Simnions Co(3). Simms Pete Sinclair O1, . Sinelair pf(8) Skelly 0i1(2). .. Snider Packg Co So Po Sug(f2%) Soyth Calif Ed, . South Pac(6)... South Ry(8).... South Ry pf(5). Spang Chalfnt. . Spicer MIg..... Spiegel Co (3).. Std Com To(f1). SUGE&E (3%). Std G & E pfi4). Std Mifling(5). . Std Oil Cal(23%). StdOiINJ (1138). StdO1INY (1.60). StdSanPro(1.68) Staniey Co...... Stewart-War(6) Strom Car(2)... Studebaker(5). . 8un Oil (m1). Saperior Oil.... Superior Steel. .. Symington Cl A. Tenn Copper(1). Texas Corpn(3). TexasGulfSul(4) Tex Pac C & Oil. Tex Ld Tr(new) Thatcher M. .. The Fair(2.40).. Third Avenue. ... Thomp J R(3.60) Tidewater AsOil TIAWASOIIDL(6) TidewatrO(80c) Tide W Oil pf(5) Timken(15). ... Tobac Prod (8).. Tobac Prod A(7) Transcont Oil. .. Trico Prod(2%). Truscon Steel. .. Undwd-ELF (4). Un Bag & Paper. Union Carb(6). . UnOl1 Cali2) . Union Pac(10). . Un Pacific pf(4) . Utd Biscuit 1.60, Utd Cigar St(1). Utd Elec Coal.... Utd Fruit(16%). Int Nickel (3) Int Paper(2.40). Int Paper pf(7). IntPap ofs(2.40) In Pap pf efs(7). Int Prtg Ink 2%. Int Tel & Tel(6). Interstate D 8. . Island Creek(4). Jewel Tea (15).. Johns-Manv(3) . Jordan Motor. .. Kan City South. . Kaufmn DS 1% . Kayser J(5) Keitl Ibee Keith-Al pf(7).. Kelly-Spring.... Kelly Tire 6 %pf. Y | Kels Hayes(2). . Kelvinator Corp. % Kennecoft(6)... 1 53% 87 . 42% 158% 1 87 Kraft(g1%). Kresge(11.60).. Kreuger & Toll. . Kroger Gro(cl), LagoOil........ Lambert (16%). Lee Tire & Rub. 1 | Leh Por Cmt 214 LehighVal(3%). Lehn & Fink(3). Life Sav(1.60). . Lig&Myrs B 15. Lig Carb (t4%). ew's{13)..... Loew's pf(6%). Loft, ..y Long-Bell(A)... 74 | Loose-W (1.60).. Lorillard Co. ... v, | Louisiana OIl. .. Louis GasA 1.75. Louis & Nash(7) Ludlum St1(2).. McAndrews 2.60. McCall Corp(3). MecCrory B(2)... McKeespt Tin Pl Mack Truck(6). . Macy Co (2).... Mad 8q Gar(2).. % | Magma Cop(3). Mallison & Co. .. Manati Sugar pt. Man Elec Suply. Man El m2g(d5) Man Shirt(2)... Maracaibo Ol Marlan Oil... Marlin-R(13%). Martin-Parry... Mathieson(6). .. May Dept S(4).. Mayatg (1%)... Maytag pf(3)... Melviile Shoe(1) Mengel Co...... MetroG pf(1.89) Mexican Seab Miami Cop(1) Mid-Continent. . Middle States. .. Mid States ctfs. . Midland pf(t12). v% | Minn & St Louls. M St P&SSM pf .. Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific. Missouri Pac pf. Mohwk Car 2% . Montgmry W 15. Moon Motor. ... Mother Lo(30¢). Motion Pic Corp. Motor Whi(t2%; Munsingwr (3).. Murray Corp.... Nash Motrs(16). Nat Acme(sta Nat Bellas He: Natl Bisouit(t7) Nat Bise pf(7).. Nat Cash R A(3) 7 16 123% 124% 46 4% 9% 80% 222% 223 4% 4% 39% 4l1% 21% 224 129% 35% 130% 22 Chi Mil & St P. Chi Mil & StP Chi & Nwn(4) Chi&Nwn pf (7 Chi RI&Pac(6) . CRI&P pf(7 Chickasha(3) Childs(2.40) Chile Coppe Chrysler(3) City St B5% stk Cluett-Peab(5) Ti4% 4% Coca-Cola(6)... 164% 165% Collias & Aikmn. 59% 611 Col Fuel & Iron. 71 78% Col Gas & E1(5). 182% 132% Col Carbon (4) Columb Carb rts Com Cred(1).... ComlInyTri3.60) Com Inv (war).. Com Solvents(8) Com Power(13). Conde Nast(2).. Congoleum-Nair Cong Cgrs (16). Consul Cgrs(7). Con Film pf(2).. Consol Gas(5). . ConsolGaspf (5) . ConRRCuba pt 6 Consol Textile. . Container A 1.20 Container B 60c Cont Baking A Cont Baking B Cont Bak pf(8 Cont Can(5). Cont Insur(6). .. Cont Mont(80c). Corn Pro(t3%). Coty Ine (8).... Crucible Sti(5). Crucible pf(7).. CubaCaneSugar. Cuba Cane Su pf Cuba Company . . Cuba R R(4.80) . Cuban Dom Sug. Cuban Am §(1). Cudahy Pkg(4) . Curtiss Aerg(1). Cuyamel Fruit. . Davison Chem. . Debenhmsy2.18) Del & Hud(9)... Del L & W(47). Detroit Ed(8). .. Detroit Ed (rts) Devoe A (13.20). Dodge Bros A. .. Dome Mines(1). Drug Inc(4).... Dunhill Int(4). . Dupont (713.50) . Du Pont deb(6). Duq Lt 18t(5) ... U 8 Distributing U S Hoffman(4). 8 Alcohol(5). . Alchohol rts Leather..... Leather A. . Realty(4)... Rubber..... Ttub 1st pf. . Smelt(3%).. Smpf(3%). U 8 Steel(7).... U 8 Steel pf(7).. Univ Pipe & Rad Utll P&L A(e2). Vanadium (14). Vick Chem(4). .. Victor Talkg(4). Va-Caro Chem. . Vir-CarCh pf(6) Vivaudou Co. Wabash. .. Waldorf(1%). .. Walworth(1.20). Ward Baking B. . Ward Bak pf(7) . Warner Bros Pic Warner Pic A... Warner-Qu(2). . Warren Bros(4). Warren F&Pipe. West DalryA (4) 5% | West Dairy B. .. West Maryland. West Pacific pf. . West Union(8). . Westhse A B(2). Westinghse(4). . Weston Electric. White Eagle(2). White Mot(1)... WhitRek cfs(2). White SM pf(4). Wilcox Ol & G . Willys Ov(1.20). Wilson & Co. ... Wilson Copf A. . Wilson & Co pf. Woolworth(5). . ‘Worthn Pump. .. Wright Aero(2). Wrigley (15%). . Yale&Twne(i5). Yellow Truck. .. YelTr& Copf.. 83 Youngstn Sh(5). 94 94 Hourly Sales on N. Y. Market. 1lam.. 921,900 1pm. 2,517,400 133% 134% 108 108 50% 50% 50% 52 64% 64% 126% 129% 104 104% ccacacaac nuuLRRBg 185% 136 28% 28% 217 21™% 920% 90% 76 6 26% 26% 8% 3% 93 93 26% 26% 90% 91 117% 117% 86 86 18% 18% 52 82 111% 111% 94 % 28% 28% 165 *167 171% 171% 143% Ilg‘h 94% 9 116% 117% 36% 38 6% 64% 35% 60 60% 60% 4a1% 42 189% 192 125% 125% 199% 200 15% 16% 54 55 26% 25% 8% 116% 116% 92 92% 437% 489 18 101 101 % | Nat Radiator. .. Nat Supply (18). Nevada C(1%).. N Y AirBr(3)... N Y Central(8).. % os b4 41% 42 175% 176% in_sl 66% 66% us_10% tock. _h Pari 'Shodk? k Plus 1/120 shi m Payal 1110 oh Clgar Stor NY NH& H (2). NY Ont&Westn. 57% | N Y Railways pt 54 | Norf & Wni110) 36% NorAm'b10%stk 189 57% Castman(t8). .. fock x e, qusrtert stoek. arter United o8 common stock. B Bitingon(23e)... 36% 3 36 80 80% 1% % fn stock, | 83 94% B 12 m...1,728,200 2 p.m. 217,808 Dividend rates as given In the above table annual on the BUOYANT TENDENCY Market Continues on Ad-| vance Started Wiih Hoover Victory. BY GEORGE T. T_UGHES. Special Dispatch to Tae Siar. NEW YORK, November 8—From start to finish today's stock market was in a turmoil. Most of the time it was strong and some of the time it was very strong. In the last hour, however, there was a good deal ot selling, which canceled part of the gains of the leaders and 1 some la- siances carricd prices down for a loss on the day_The ticker was completaly swamped. In midafternoon it was an hour and more behind. The turnover up to that time was not quite 2qual to that of the day before, but that was bzcause of the abnormally large olocks which figured in the initial transac- tions yesterday. After the opening to- day’s volume kept pace with that of yesterday. The sensation of the day was Mont- gomery Ward, up at one time 24 points. Wright Aeronautical was another bold mover, up 10 points above 2u). ia the late afternoon additional demands for call funds carried the rate for new loans up to 6l2 per cent, as against the renewal of 6 per cent. Copper stocks were suul leaders. Re- alizing in Kennecott and in Anaconda, both of which had risen spectacularly yesterday, was offset by new commit- ments for the rise in others of the group. A long list of these surged ahead to new high records. Among Calumet & Arizona, Calumet & Hecla, Magma, Nevada Consolidated and Howe Sound. American Smelting & Refining at 276 was higher than ever before in the his- of the company, although the new Andes Copper, a_subsidiary of Anacon- da, was one of the new favorites today, | also running up to the highest since | 1is ting. Animated buying of the oils went on but without such large gains. Shell Union went to a new 19248 top follow- ing the announcement of the offer of new stock to shareholders. —Superior Oil, a low-priced issue, made a new high. The Standard Oil stocks were active around their recent best prices. ‘The feature of the industrials was Montgomery Ward. Not especially prom- inent In recent sessions, the stock was in urgent demand today and rose easily to a new all-time high at 361, where it was up 13 points on the day. Sears- Roebuck went along sympathetically for a much smaller gain. Coca Cola, Hott-Fisher were others to respond to the bu; 3 3 &y‘gf‘eel lagged behind in the fore- nodn trading, but Colorado Fuel was very strong and Bethlehem higher. General Motors ran up two or three points, apparently in anticipa- tion of a favorable announcement from th2 directors’ mesting afier th2 close today. Money rencwed at 6 per cent un- changed. There was a fair demand for funds and some calling of loans, but no apparent concern over credit. The weekly Federal Reserve statement on brokers’ loans is due to be published it2 this afternoon. Wall Street Briefs ‘Wall Street divided its attention yes- terday between the boiling Stock and Curb Markets and belated election re- turns. Sudden increase in activity and rising prices featured the beginning of what the Street already calls the “Hoover market,” which succeeds the lengthy “Coolidgs market” ! generally upward price trends. D. C. Borden, assistant vice president of the National City Bank of New York, has been elecied controller to succeed G. Edwin Gregory, who has resigned to become a member of Camp- bell, Starring & Co., after nearly 38 years with the bank. Resignation of STOCKS MAINTAN | i peak was only a fraction above the old. | Paramount-Famous and Underwood-El- | Steel worked | Money to Loan Secured oy first deed of trust on real estate. 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 CALL CENTRAL ] COMPLETE FINANCING | 1st & 2nd TRUST MONEY On homes, apartment properties. No apprai- sal fee. Prompt service. | Real Estate iortgage & Guaranty Corp. 24 Jackson Place Main 1403 30 Units Wardman Mortgage & Dis- count @ 73 500 Miller Train Control @ 2%. 8 Rosslyn Steel & Cement @ 90. 14 International Bank @ 118 18 Stanley Crandall 3% pfd. @ 65. 13 Northetn Virsinia Investment 1% 200 Washington Baseball. Bid. 160 Washington Theater Co. Bid. 1 Ametican & Foreien Claims Boreas. THOMAS L. HUME 1412 G St. Main 1346 CLARK,CHILDS & COMPANY 120 Broadway New York, N. Y. WISH TO ANNOUNCE THE OPENING OF THE!R WASHINGTON OFFICE AT 1508 H STREET NORTHWEST NEW YORK STOCK EXCHANGE NEW YORK COTTON EXCHANGE NEW YORK COFFEE EXCHANGE NEW YORK CURB MARKET NEW YORK PRODUCE EXCHANGE BOSTON STOCK EXCHANGE CHICAGO BOARD OF TRADE CHICAGO STOCK EXCHANGE Telephone Metropolitan 5020 JAMES SLOAN, Jr, Manager On- Improved Propcrty We invite applications for loans on im- proved property on a MONTHLY PAYMENT BASIS OR STRAIGHT THREE-YEAR PLAN Low Interest Ratzs Horace 8. Wilkinson as a director also was accepted by the direciors. Canadian National Railways has placed orders with Canadian Car & Foundry Co. of Montreal for 1,600 box cars, 30 tank cars and 30 sleeping cars; National Steel Car Corporation of Hamilton, Ontario, for 25 first-class coaches and 750 box cars, and with Eastern Car Co. of Halifax for 500 re- frigerator cars. Chain stores are reporting October sales considerably above those of Oc- tober, 1927. Among them are Metro- politan Chain Stores, Inc., $1,231,762, a gain of 9.9 per cent; Davega, Inc., $460.148 an 86 per cent increase, and G. R. Kinney Co., $1,701,500, an in- crease of 6.73 per cent. 8. G. Bron, cr);numm Ag{ :lhe Amtorg ‘Trading Corporation, erican com- merchl'rapmlenullves of Soviet Russia, stated that the Russian crops this year would show a slightly greater harvest than last. While some 12,500,000 acres Winter wheat were lost, he explained, that acreage was extensively replanted to oats, barley, corn and other crops, and the total acreage harvested will be greater than last year. He said his statement was issued in reply to con- i and. inaccurate reports regard- ing d failure of the crops and impending famine. Piggly Wi Corporation has signed a confl?lctlsv’llzh A. C. Jones, former president of the Piggly Wiggly Western States Co. of Los Angeles, for exclusive store rights in New York City and vicin- ity, with 1,000 stores to be opened as soon as suitable locations can be ob-' The pig fron market has a vitality suggestive of boom conditions and the finished steel market also is strong, Iron Age reports, with an advance of $2 to $3 per ton on sheets an early probability. Mill backlogs continue to taper, exceptionally heavy Sep- tember shipments, but unfilled tonnage has been reduced so little that produc- tion is not materially affected and fresh demands of promising size have come from railroad and other sources. Iron Age composite price for pig iron has reached $18.34 a gross ton, making the eighth advance in 11 weeks. The price in August was $17.04 and last week was $18.25. The finish>d steel composite remains at 2,269 cents for the sscond week. E. T. Tomlinson, ir., has been elected president of Doremus & Co., financial advertising house, to succeed the late C. W. Barron, who nrmi,zed t}}lw f:m- 25 years ago. am H. Long, ?:?ymedz Mr. Tomlinson as vwel president. It was reported in Wall street that & meeting of stockholders of the Rio Grande Oil Co. of Los Angeles and El Paso will be called within a few weeks to consider splitting up the present stock on a five-for-one basis. The com- pany has a large acreage in th> newly discovered Elwood Terrace fleld near Santa Barbara. Non-Ferrous Metal Report. NEW YORK, November 8 (#).—Busi- ness in all the non-ferrous metals has been closz to average volume in the past week, with prices generally firm, Engineering and Mining Journal ro- poris. The demand for copper was not 50 insistent as late in October, and this is taken to indicate that fabricators have taken to heart the frequently re- rtion that there is no fear iate copper famine. L Believed to b at least 12,000 years old, part of an Bgyptian corn bin made of basket-wire was shown recently in London, TRUST COMPANY AMERICAN SECTRITY Real Estate Dept. 15th and Penna. Ave. BRANCHES: Southwest—7th and E Streets S.W. Northwest—1140 15th Street N.W. Northeast—S8th and H Streets N.E. Central—7th and Mass. ‘Ave. N.W. By systematically investing $20 a month at 6',9%, and reinvesting the interest from each bond at the same price, you can fix an exact financial goal for yourself, know exactly how long it will take to ac- cumulate approximately $10,000 or even more. 6%2% Compounded Semi-Annually Both large and small investments can be made to more than double themselves in 240 months. Interest on one bond helps to pay for another. Soon you have the interest on two bonds helping you pay for a third; interest on three bonds :elping pay for a fourth, and so on. Mail coupon for booklet “How to Build an Independent Income” THE F. H.SMITH CoO. Investment Securities— Founded 1873 Smith Building ~ Washington, D. C. (815-15th Street, N. W. - Main 6460) Branch ofiices in— New York — and Other Cities