Evening Star Newspaper, November 9, 1928, Page 14

8e e e R S3i84TaNy L WE FINANCE —all classes of income-producing oroperty Large Loans a Specialty Current interest rate and commissior Higbie & Richardson, Inc, 816 15th St. N.W. Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA Buck & Company Estabioned 1916 Stocks Bonds Grain Cotton Write or call for weekly market letter. & No obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 7300 REALTY INVESTMENT First Time Offered An unusually fine piece of business ._situated in the heart of k detached building of sound construction, in good_con- dition. and with alley facilities. There are two stores and four apartments, 1007 rented. Full information upon reauest. Thos. E. Jarrell Co Realtors 721 10th Street N.W. Main 366 Money to Loan ured by first deed of trust on r Pre EW OFFICE— ' New Furniture © Make your new office LOOK NEW. A judi= cious choice of a few desks and chairs and filing cases from our large selection will make your office look as if it had been completely refurnished. £ CAMPBELL COMPANY Two Entrances 1018 15th St. N.W. 1506 L St. N.W. ¥ Investment That 6 o Pays rning You 1 your money is not 6% it is your own fault. Inves- tigations will show that we of - fer Guaranteed first mortgage 6% notes that the most co servative would be buying. | Secured by completed fee-simple properties in Washington and surburbs. Notes in denominations of $100 upwards Description of these notes and illustrated booklet about Guaranty securities mailed on request. - REALESTATE {DRTGAGE & GUARANTY ‘i | CoRPORATION Capital Resources $ 3,400,000 24 JACKSON PLACE \ FINANCIAL. NEW TRADE PEAKS ' FORECAST FOR 1928 Record Gains in Industry Noted in A. B. A. Review. Sanitary Stock Up. BY EDWARD C. STONE. Prosperity during the present year will in some lines surpass the record year 1926, according to a statement re- |leased today by the American Bankers' Association Jour- nal. The expan- sion in _business that started after the middle of the year has made fur- ther headway dur- ing the last month and gives assur- ance that Novem- ber and December will witness an un- usually _high rate of activity in in- dustry and trade, the review says. So marked has been the gain that many lines of bus- iness will achieve new high records ifor the full year and_ actually sur- | pass the 1926 figures. Industrial pro- | duction in the steel, automobile and | building construction _industries will score new high records in 1928 and these basic lines are representative of nu- merous_smaller trades. :aetml trade is active from coast to coast. . Money rates,” the report adds, “have i ndw ceased somewhat, but are still high, | for the passing of the peak season de- Imand in commercial credit has been | offset by a renewed advance in broker- {age borrowings. Present stiff money rates continue to keep the bond market | depressed and have also caused the stock markets to turn irregular, but the Federal Reserve banks and member banks alike are in sound condition. “Qur tabulation of earnings for the first nine months of industrial and trad- ing corporations is 19 per cent ahead of 1927, while the railroads and public utilities are counted upon to make sub- stantial gains also.” Sanitary Grocery Up 8 Points. 5 Sanitary Grocery preferred feature trading gl the Washington Stock Ex- | change today by a jump of 8 points to 1160. The stock opened with the sale of a single share at 152, same as the last previous quotation. The bid on the | stock was then steadily raised until a | 10-share lot soid at the new high of 160. | *The sharp advance in the stock was, no doubt, due to the advance on the New York Curb yesterday of the com- pany’s common stock. The common | soared to 490 per share, a gain of 22 | points on the day. Merger and expan- sion talk in connection with other chain | grocery stores was assigned as the rea- !son for the surprising activity in the i stock in New York. | In today's trading in the local market | Riggs National Bank warrants again moved upward. Quotations on the war- | rants closed yesterday at 305 and opened | today with an overnight gain of 10 | points, coming out at 315. Sales were { S. Stunz. | v | Rebert not as heavy as yesterday, however. Mergenthaler Linotype stood out prominently in the day's sales. The stock opened at 100!, in a G0-share | turnover. The next sale was a 100- |share block at 100%. The market | closed with 25 shares moving at 1003;. Capital Traction sold at 106, Potomac Electric 5% per cent preferred at 109 and 140 shares of National Mortgage & Investment preferred at 5l2. One Capital Traction $1,000 5 per cent bond changed hands at 102%. Stunz Factor in Bank’s Growth. Robert S. Stunz, vice president and cashier of the Park Savings Bank, has been an important factor in the growth of the institution, which has just paid a stock dividend of 100 per cent and doubled the size of iis capital. Mr. Stunz started his banking ca- reer by what is considered the best route to learn the business—from the bottom. His first job was that of run- ner under Howard Moran in the old Home Savings Bank at Seventh and K streets, and from that beginning ad- vanced through various positions to manager of one of the branches. He was an assistant national bank examiner under Owen T. Reeves, who is now chief national bank examiner in the New York Federal Reserve dis- trict. He gave up examining banks to become assistant cashier of the Park Savings, later being made cashier and having the additional duties of an ac- tive vice president placed on his shoul- ders only a few weeks ago. In his early banking days Mr. Stunz took many courses in Washington Chap- ter, American Institute of Banking. Merchants’ Bank Appointed Agent. The Merchants’ Bank & Trust Co. has been appointed one of five American institutions to act as agent for the Mun- ster & Leinster Bank, Ltd., of Ireland | in handling all kinds of Irish-American banking transactions, President Peter A, Drury announces. The bank in Ireland has been seeking closer connections with American banks because of stead- ily expanding trade. The four other banks with which similar arrangements have been made are the Baltimore Trust Co., Chatham Phenix in New York, Merchants' Na- tional in St. Paul and the People's Na- tional in Elizabeth, N. J. Bank Director Returns Home. William Knowles Cooper, director in the Federal-American National Bank, has returned from a trip to Minneapolis, where the Y. M. C. A. general secretary spoke at a dinner at which 600 repre- 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 sentatives of the leading churches of Minnesota were present. One man traveled 331 miles to attend. Dr. Haas, one of Turkey's leading surgeons, spoke on American good will in Turkey. Ed- ward W. Decker, president of the Northwestern National Bank, Minne- apolis, presided. Palestine Banker Visits City. Isaac_Gerstenkorn, president of the Bank Bnei .Brak, which operates in Palestine, is in Washington on a short visit. Jehuda Dun Mileikowski, a repre- sentative of the same bank, will remain in this city for several weeks. Some months ago an American com- mittee of the Bank Bnei Brak was formed. The officers in Washington are: Morris Garfinkle, vice president; Herman Kur, treasurer, and Arthur M. | Schiller, secretary. Louis E. Spiegler is the counsel. ATERARC TN | CONSTRUCTION GAINS. NEW YORK, November 9 (A).— | The Pennsylvania Railroad’s $100,000,- | 000 electrification project raised the i week's total of proposed construction | for the entirg country to $144,950,000, jagainst $59,000,000 in the corresponding |period a year ago, the McGraw-Hill | Construction Daily reports. Apartment { houses and hotels accounted for $13,- 850,000; office buildings and stores, $8,- 700,000; educational buildings, $6,600,- | 000; public work, $6,000,000; hospitals, 1$3.200,000; industrial projects, $2,- | 300,000, | SRR SRS CHAIN STORE SALES GAIN. NEW YORK, November 9 (P).— | Twenty-four chain store companies re- ]pomng for October show sales gain | of 16.7 per cent over the same month |in 1927, and an increase of 17.8 per cent for the past 10 months over the lcorrespondmg 1927 period. Woolworth | tops the list with October sales of $26,- 895,213, and Kroger Grocery & Baking second with $18,159,194. Total sales of the 24 companies were $129,154.441, against $110,628,566 in October, 1927, THE EVENING STAR, WASHINGTON, D. C, FRIDAY, NOVEMBER 9. 1928 | NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Open. High. Low. Close. 38% 39% 38% 39 79 80 79 80 350 3604 350 Abitibi Pow (1). Avitibi Po pf(6). Adams Exp(6).. Adv Rumley . Adv Rumley pi. Ahumada Lead. . Air Redetn (3)« | Ajax Rubber. ... { Aiaska Junea Allied Chem. Alifed Cm pf (7). Allis-Chalm (7). Amerada Am Agricu Am Agri Ch pf |.\m Bk Note Am Beet Sugar. Am Br Sh(j1.60) Am Bosch...... Am Brown Bov. . Am Can( Am Can pf(7). { AmCar&Fdy (6). Am C&F pf(7). Am Chain pf (7). Am Chicle(3). Am Drug(80c). . | Am EncauTil(3) IAm “or Pow. . | Am&For P 247, Am Hide & L pf, Am Ice(f2%). .. Am Internati(2) Am LaFr&Foam 9 Am Linseed..... 130% Am Linsd pf(7). Am Locomot(8). Am Loco pf(7). . Am Mac&Fy (4). Am Metals(3)... AM P& L (11).. AmPo&L pf (6 Am Radiator (i Am Republic. 172 51% 90%e 101% 171% ting(3). hip & Com. melting (8) Am Sugar...... Am Sumatra (3) Am Tel & Tel(9) Am Tobacco(8). Am Tobac B(8). Am Tob pf(6)... Am TypeFo(8) . . AmMWW&EIl(el). AmWWIst pf(6) Am Woolen. Am Woolen pf. Am Zinc. .. Am Zine pf. Anaconda (4) Andes Copr T5c. . Archer-Dan(3). . Armour Del pf 7. Armour I1I(A).. Armour I11(B). . Armour 111 pf(7) Arnold Con & Co Artloom(3). Art Metal(1%). AssoDryG(23%), Atchison (10 Atchison pf: Atl Coast L(110) AtlGulf & W Atl Gulf pf(3) Atlantic Ref(n). AtlasPowder(4). Atlas Tack. Austin-Nichol Auto Sale: Auto Sales pf(3) Autostrap A(3). Balto & O(6).... Balto & O pf(4). Bang & Ar(3%). Barker Bros(2). Barnet Leather. Barnsdall A (2). Barnsdall B (2). Bayuk Cgrs (2). Beacon Oil....., Beecn-Nut (3).. Belding-Hemwy . Best & Co(3).... Be'hlehem Steel. Beth Steel pf(7) Bon Ami A(4)... Booth Fisheries. Borden Milk(6) . Boston & Maine., Botany Mills (A) Briggs MfgFCo. British Empire. . BklynUnGas(5). Brockwy Mot (4) Brockway pf(7). Bklyn-Man(4) Bklyn-Man pf (6 BrownShoe (215 ) Brunswick B(3). Brunswick Ter. . Bruns Term rs. Bucyrus(1)..... Bucyrus ev(21) Buft R&P pf(6). Buff & Susq. ... Bush Term (g2). Butte Cop & Zine Butte & Sup(2). Butterick Co Byer & Co. By-Prod (12 Calif Pack(4). Callahan Zinc. Calumet&Ar(6). 1 Y 102% 1 92y %). Can Pacific(10). Canon Mills 2.80, Cent Alloy(2). .. Cen Ry NJ(12). Century Rib M., Cerro de Pas(5). Certo Corpn(14), Certaln-Teed (1) Chandler-Clev Chandler-ClI pf. Ches & Ohfo(1 C & O Corpn(3).. Chi & Alton, Chi & Alton pf Chi Great West, Chi Gt West pf., Chi Mil & St P., Chi Mil & StP pt Chi & Nwn(4). Chi Pne Tocl(6) . Chi RI&Pac(6).. CRI&P pf(7). Chickasha (3), Childs(2.40) Chile Copper(3). Chrysler(3). ... City St B 5% stk (‘IllPll-l’elb(fil- Coca-Cola (6). .. Collins & Aikmn., Col Fuel & Iron, Col Gas & EI(5). Col GEE pfA(6). Col Carbon(4).,. Columb Carb rts Com Cred(1). ... ComInvTr(3.60) Com In Tr pf 614 Com Solvents(8) Com Power(i3). Congoleum-Nair Cong Cers (16). Consul Cgrs(7). ConCigprpf (61%) Con Film pf( Consol Gas: Spf(5). ConRRCuba pf 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(13%). Coty Inc (8) Crucible Sti(5). . CubaCaneSugar. Cuba Cane Su pf Cuba Company. . Cuban Am S(1). Cudahy Pkg(4). Curtiss Aero(1). Cutlr-Ham (33%) Cuyamel Fruit. . Davison Chem Del & Hud (). .. & W(17).. iWnpf.. Detroit B (8). .. Dodgze Bros A. .. Dome Mines(1). Drug Inc(4).... Dunhiil Int(4). . Dupont (713.50) . Du Pont deb(6) . astman(18)... Eaton Axle(2).. 8% 115! 90% 435 118% 1847 18215 184 574 6643 56% < Eisenlohr&Bro.. 54 36 ). 111% ec Auto L(4).. 110% 110% 109 Electric Boat... 11% ElecPow&Lt(1). 39 Slec P&LE pf(7) 1073 Elec Stor Bat(5) 91% Elk Horn. e 6% Em Brantgm(A) 8% End-John(5).... 77% Eng Pub Ser(1). 46 g PuSpf(5). 92 uit Bldg(2).. 5T% 5814 55t 60 Irie 2d pf Eureka V(f%).. Fairbanks(3) FedLight(h1. Fed MotT(f80¢c) . Fidelity-Phoenx. First NatS(1%). Fisk Rubber. ... F Rub 1st pf. sk R 1st pfev. Fleischmann (3). Florsheim (A) Foundation C Fox Film A (1) Freeport (1614). Gabriel Snub A. . Gardner Motor. . Gen Am Tnk(4) . 117% 61 60 821 50 38 jGen Asphalt. Gen Cable...... Gen Cable A(4). Gen Cigars(4). Gen Elec(15 GenElec sp(60c) 1% 61% 4% . 98 Gen Motors 915 222 Gen Mot pf(7).. 124% GenOutdrAd(2). 52 Gen Outdr Ad(4) 35% Gen Ry Siz(5).. Gen Refrac (i) Gillette S R(c! Gimbel Bros. Glidden Co. ... Gold Dust (5). Goodrich(4) . Goodyear Tire. . Good Goodyr 1st pf(7) Gotham($21%). . Gothamnv §214 Gould Coupler A Graham-Paige. Grhm-Paige c Granby-Min(4) . Grand Stores (1) Grand Union. ... Grand pf(6%).. Grant WT (1).. Grasselli Grt N ‘ Gt ) Grt Nor O(1%). Grt Wn Sug 2.80. 331 Greene Cana(4). 146% Guantanamo Su. b Gulf Mo & Nor. Gu M & N pf(6). 107 Gulf Stat Sti(4). Hartman A(2).. Hartmn B(1.20). Havana El Ry Hershey Corp. Hershey pf(4). Holind Furnace. Hollander & Son. Household (14) Houston Oil. ... Howe Sound(4). Hud Man(2 Hud Man pf. 8 Hudson Mot(5). 8215 Hupp Mot(f2).. 170% Illinols Cen(7).. 140% Ind Oil (1%)... Indian Mot(1%) Indian Refining. Indian Refg ctfs Ind Ref pf(7) Indust Rayon. Ingersoll R(t Inland S(k16%). Inspiration Cop. 34% InterboroRapTr. 38% InterconRubber. 9 Internat Agri... 15% Int Ag Ch pf(7). 79% Int Cement(4).. 78% Int Com Eng(2). 66% Int Harv(j8) 318 Int Mtch pf 3.20, 101 Int Mer Marine. 51 Int Mer Mar pf Int Nickel (3). Int Paper(2.40). Int Paper pf(7). IntPap cfs(2.40) In Pap pf efs(7 Int Prtg Ink 23 Int Tel & Tel(6). Interstate D S. . Intertype(t11s). Island Creek(4). Jewel Tea (15) Johns-Manv(3). Jordan Motor. .. Kan City South.. Kan C So pf (4) Kayser J(5). Keith-Albee. Keith-Al pf(7) Kelly-Spring. . Kelly Tire 6%pf. Kels Hayes(2).. Kelvinator Corp. Kennecott () Kinney (G R). Kolster Radlo. Kraft(g13).... Kresge(11.60). . Kreuger & Toll.. 36% Kroger Gro(el). 127 Lambert (16%). 128% Lee Tire & Rub. 7 Leh Por Cmt 2% LehighVal(3%). Lehn & Fink(3). Life Sav(1.60).. Lig Myers(15).. Lig & Myrs B t5. Lima Locomtve. Liq Carb (14%). Loew’s(13) Kott...... Long-Bell(A). Loose-W (1.60) Lorillard Co. Loritlard pf(7).. Louisiana Oil Louis GasA 1 Louix & Nas Ludlum st1 McAndrews 2.60. McCall Corp(3). McCrory B(2), McCrory pf(6). . McKeespt Tin Pl Mack Truck(6)., . Macy Co (2). Mad Sq Gar(2) Magma Cop(3).. Mallison & Co. .. B - 133% 70% 54% 4 5 3214 29 . 165 135 98% 1% 9% 51% 94 49 1871% 63 26 52 170% 165% 13% Mathieson (6) May Dept S(4). Mayatg (1%) Maytag pf(3) Maytag 1st pf (6} Melville Shoe(1) Mengel Co. ... MetroG pf (1. Mexican Seab Miami Cop(1). Mid-Continent. , Middle States Mid States ctfs Miller Rubber-. .. Minn & St Louis. Minn StPESSM. M St P&SSM pf. Mo Kan & Tex. . Mo K&Tex pf(7) | Missouri Pacific. Missouri Pac pf. Mohwk Car 212 Montgmry W 15. Moon Motor. ... Mother Lo(30c). Motion Pic Corp. Motor Prod(2 Motor Whi( Mullins Mfj Munsingwr (3) Murray Corp. ... Nash Motrs(16). Nat Acme(sta).. Nat Bellas Hess. Nat Bise pf(7).. Nat Cash R A(3) t Dairy(3)... t Dept Stores. t Distillers. .. b4 1% 129% 21% 48% 99% 60 Open. High. Low. Close. | 5% | 111% 111% 109 no11 39 39% 107% 1073 91 6% Ry Mex 1st. Ry Mex 2d.. at Supply (16) . at Tea(4)..... evada C(1%).. Y Air Br(3)... Y Central(8).. Y C & StL(6). Y C StL pf(6) orfolk South. . orf & Wn(i10) orAm b10% stk Norwalk Tire 011 Well Supp! OppmColli Otis Blev( Owens Bot(ctd). T ific Gas(2). . Pac Oil Stubs. ., o | Packard M ¥ 38% | Pac Tel & Tel(7) 80 | Pan-Am Petrolm Pan-Amer Pet B. Pan-Am Wn B Panhandle Paramount-Fam 62 ‘ 180% 11'% ). tor. . ord.. Coke. .. Penn Dixie Cmt. Penn R R(3 Phila Co pf(3).. Phila & RC&I. Phil Morris(1).. PhillipsPet(1%) Phoenix Hos| Pierce-Arrow. .. Pierce-Arrow pf Pierce Oil. . Pierce Oil pf.... Pierce Petrolm. Pillsbury (2.10 Pillsbry pf (6% ) 8014 86 Pitts Coal p Pitts Sti pf(7).. Pitts Term Coal. Pitts&WVa(6).. PortoRicoTobA . PortoRicoTobB. Postal T&C pf 7. Postum(3)...... Pressed Stl Car Pr Stl Car pf(7). Produ & Refinrs. Pub Serv NJ(2). Pub S NJ pf(8) e Pullman Co(4) .y Punta Aleg Sug.. Ture Oil (1)ws. . Purity Bak(3).. Radio Corp. RadioCo pf(3%) ReadingRy (4).. Reading 2d(2). Real Silk Flos Remingtn-Rand. tem-Rd 18t(7 Rem-Rd 2d(8). Reo Mot (11%). Rep 1& S(4). Reynolds Spn; ReynldsTobB thineWstphalia Richfield Oil(2). Rossia Ins(5). .. Royal D(a3.222). St Jos Leaa\13). StL & Sank(18). StL&; St Seagrave(el.20). Sears-Roe($21%) Seneca Copper. . Shattuck FG(2). Shell Un(1.40). Shubert The(5). Simmions Co(3). Simms Pete Sinclair Oil, Sinclalr pf(8) Skelly 0il(2)... Snider Packs Co , |Snider Pkg pt... So Po Sug(f21%) South Calif Ed.. South Dairfes A. South Dairies B. outh Pac(6)... South Ry(8).... South Ry pf (5). Spang Chalfnt, . | Spicer Mfg..... % | Spiegel Co (3).. td Com To(f1). td Milling (5).. td Oil Cal(2%). Staniey Co...... Stewart-War (6) Studebaker(5).. Submarine Boat. un Oil (m1). Superior Oil. ... Superior Steel. .. Symington Cl A. Telautogh (80c). Tenn Copper(1). Texas Corpn(3) . TexasGulfSul(4) Texas & Pac(5). Tex Pac C & Oil. Tex Ld Tr(new) s | The Fair(2.40).. Thomp J R(3.60) Tidewater AsOil TIIW ASOIIDS(6) TidewatrO (80c) Tide W Ol pf(5) Timken (15). . Tobac Prod (8 Tobac Prod A(7) Trico Prod(2%). Truscon Steel. ., Undwd-ELF (4). Un Bag & Paper. Jnion Carb(6).. Un Oil Cali2)... Union Pac(10).. Un Pacific pf(4). Union Tank(5).. Utd Biscuit 1.60. Utd Cigar St(1). Utd Cgr St pf(6) Utd Elec Coal. .. Utd Fruit(ti%). Utd Paperboard. US CIP 15t 1.20, US CIP 2 1.20. | U S Cast Ir Pipe U 8 Distributing U S Distrib pf(7) U'S Hoffman(4) . U 8 Alcohol (5). . U S Alchohol rts US Leather. . U S Realty (4) U S Rubber. U S Rub 1st U S Smelt(3 | U S Steel(7).... U S Steel pf(7).. Uni Leaf Tob(3) Univ Pipe & Rad Util P&L A(e2). Vanadium (14). Van Raalte. ..., Vick Chem(4) Victor Talkg(4) . ‘a-Caro Chem. , Vivaudou Co. Wabash. Wabash pf A(5). Wabash B(5)... Waldorf(1%)... Walworth(1.20). Ward Baking B Ward Bak pf(7). Warner Bros Pic 9 | Warner Pic A... 129 130% 37 Warner-Qu(2).. 42% 42% 129'% 23414 2 56% 104% 49 53% | Crown Willamette Paper Co. shows net 424 1 1% % in stock. FINANCIAL. MAL STOGASLEAD INMARKETGANS General Motors Also Scores an Early Advance—Broker Loans Report Discounted. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 9.—Shaking | off the nervousness in evidence at Lhe! close on the day before, the stock | market moved forward confidently again | this morning, this time under the lead- | ership of the railway stocks. There | were numerous strong industrials, prom- | inent among them General Electric and | Montgomery Ward, but it was the | turning to the rails that attracted the ' most comment. | Opening prices were higher all around. | The selling wave of the day before had exhausted itself and the overnight or- | ders were predominently on the buying | side. No attention whatever was paid | to the increase in brokers' loans. The | subject has ceased to interest Wall Street. Announcement of the split-up in General Motors and the extra divi- | dend brought about an advance in that stock at the start. The opening was a block of 10,000 shares at 222 to 2211;, in contrast with the preceding close of 219%. These gains were not held, how- | | ever, in the subsequent trading during | the forenoon. I General Electric forged to the front | early in the day. The opening price equaled the previous high for the pres- ent shares, and later on a new high was | set up. Montgomery Ward soared to | new high levels, surpassing even its sensational advance of yesterday. At 389 it was up 23 points. The move in the rails got under way early in the session, with practically every active stock in that group par- ticipating. Both the sersoned dividend payers and lower-priced stocks were in brisk demand. Union Pacific sold above 214, a price unequaley since 1909. New | York Central gained nearly 3 points. | Atchison was higher and so was Nor- folk & Western and Delaware & Hud- ! son. Canadian Pacific advanced from 3 to 4 points. Shares of the Northwestern roads were uniformly strong. St. Paul, pre- ferred and common, was taken in large blocks at advancing prices. Chicago | & Northewstern responded to the talk of a higher dividend by a 2-point gain. Northern Pacific and’ Great Northern preferred went along. Nothing could have been more en- couraging to the party working for higher prices than the revival of in- ternst in the railroad shares. The way in which these stocks had been lagging for o long was very disappointing. All the statsitical background has been in favor of an advance in the rails, but up to today they had made no response. Money renewed at 6': per cent against 6 per cent yesterday. Banks colled loans and the tone was firm. EARNINGS REPORTED. NEW YORK, November 9 (#).— Radio Corporation of America reported tod‘y earnings for the first nine months of the year were more than double those of the corresponding 1927 period. Earnings equalled $7.53 a common share, compared to $2.68 in the 1927 period. The American Tzlenhane ::d Tele; aph Co. reports operating income of g".%fl!.ll! for the first nine months of the year, compared to $30,102.360 in the eorresfondlnz 1927 period. Operating income of the Illinois Bell ‘Telephone Co. of Chicago for first nine months of year totaled $10,929.480. against $9,952,123 in the same 1927 riod. Net earnings of the Grigsby-Bruno Co. of Chicago for the five months ended October 31 were reported by President B. J. Grigsby as totaling $2.- 473,276. This compares to $553.358 in the entire year of 1927. Sales for the five months weor;o $17,814,000, and for October, $5,160,000. October net earnings were $775,000. Net income of the First Naticnal Stores, Inc., of Somerville, Mass., for the six months ended September 30 was $1,141,548, equal to $1.62 a com- mon share, compared to $796,241, or $1.04 a common share in the corre- sponding 1927 period. Pacific_Telephone & Telegraph Co. of San Francisco for the first nine months of the year reports net income of $11,024,736, compared to $9,057,469 In_the same 1927 months. Profit of the Shaffer Oil & Refining Co. of Chicago for the 12 months ended August 31 was $3,740,471, compared to $3%036,115 in the preceding year. Grand Union Co. of Brooklyn re- ports profit for the third quarter of $135,983. This compares to combined profit of $110,803 in the third quarter of 1927 for Jones Bros. Tea Co. and Oneida County Creameries Co. which ‘were taken over by the Grand Union Co. The first earnings report of the Crown Zellerback Corporation of San Francisco since its acquisition of the profit of $2,377,338 for the four months 4 ended August 31, an increase o1 25 per cent over the same four months of 1927, Profit of the Butte & Superior Mining Co. of Butte, Mont., for the first nine months totaled $48,020, or 17 cents share, against $204,246, or 70 cents a share, in the corresponding 1927 months, The following public service com- panies reported increased earnings for the 12-month period ended September 30, compared to the preceding 12 months: Louisville Gas & Electric Co. of Chi- | ;;go. $5,181,075, compared to $5,446,- Philadelphia Co. of Pittsburgh, $28,- 796,362, compared to $27,772,980. Standard Gas & Electric Co. of Chi- cago and subsidiaries, $69,069,067, against $64,431,501. Michigan Electric Power Co. of Bad Axe, Mich., $119,195, against $93,063. Eastern Shore Public Service Co. of Salisbury, Md., and subsidiaries, $251,123, compared to $179,066. American Superpower Corporation of mrw York, $6,250,800, against $3,349,- 149% 152% 149% 33% 58 29% 44% 44, 150 Warren F&Pipe. 32% West DairyA (4) West Dairy B. .. West Maryland. West Md 2d pf.. West Pacific West Pacific pf West Union(8). . Westhse A B(2). Westinghse(4). . Weston Electric. White Eagle(2). White Mot(1 WhitRek efs(2). White Sew Mach Willys Ov(1.20). Willys-Ovd pf 7. Wilson & Co. . Wilson Copf A.. 2 Woolworth(5).. 2 Worthn Pump. .. Worth Pump(A Worth Pump(B) Wright Aero(2). Yale&Twne(15). Yellow Truck. Youngstn Sh 197% 64% 1pm. p.m. 3,110,300 Dividend rates as given in the above table ual pay d 10% in s stock i Blus 1/ 120" share ' quartery’ in 3 /120 share in Sock: m Payable 1710 share auarierly in } Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford esenting Mutaal Benefit Life Ins. Co 1520 K Street Main 475 LOANS | Let us have your applications “LOANS ON REAL ESTATE Immedi Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. 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