Evening Star Newspaper, November 13, 1928, Page 14

Mortgage Money Loaned At Low Interest Rat Tyler & Rutherford Representing Mutual Benefit Life Ins. Co 1520 K Street Main 475 Washington Invest- ment House desires salesmen for High Grade Banking and Public Utility stocks. Commission, with drawing account to those making satisfactory record. Apply in Person Between 2 and 4 P.M. Suite 200 Scuthern Buil $100 Arlington Api @ 95. 100 Units Real Mortzage & anty A%, nal Mortzage & Inv. pfd. “:,:’IY('M]II Mortgage & Dis- @ . in Control @ 2' Rosslyn \(rr|| 'i: ('ktm(’;nl‘ 90, Internationa an) 5 tantes Crandall 5% Bid. F. H Smith 7% pfd. 89, Northern Virginia Investment L@ 100, » § hington Base Ball. Bid. Washinton Theater Co. Bid. Ciaims Bu- Estate 1 100 @ 30 ni count . @ American & Foreign Feneral® Capitol Hotel 8% ofd. Diturities Corporation of D. C. Rlilional Press Blds. pfd. @ 67 THOMAS L. HUME 1412 G St. Main 1346 For Lease in the Edmonds Building 917 15th St. Located in the center of the ncial and Realty districts. Seve I CGesirable Suites now avalable. Very low rentals. [SHANNON. & LUCHS] 1435 K St. N.W. Main 2345 WE WILL SELL Amer. Bond & Mtge. Co. 500 Ridgeland Manor 615%, 1935.97 1,000 Marbro Theater 6 1937. . 500 Lk Shore Towers 6%, 100 Harbor View Apis. 3%, 1 BnEinerion Hotci 0%, 1986, WE WILL BUY OR SELL Guaranteed First Mortgage Real Estate Bonds Realty Investment & Securities Corp. 807 15th St. Main 864. Vi e My | Invested in Our First Mortgage . Notes Will Pay You 6% Secured on High-class Property in Washington and its environs You may buy the entire loan or in Denominations of $250 and upwards BOSS=MHELPS Realtors 1417 K St. Main 9300 First and Second Trust Money Available On Homes, Apartments and Business Properties Prevailing Interest Rates Moderate Charges No Appraisal Fees District National Securities Corporation Main 2994. 1406 G St. N.W. What Is the Earning Power of Your Money o K 6 7 Offer | You 0 Our Guaranty Bonds em- body the maximum of real estate security...issued to vield 6% maturity, dates from one to five years. Notes in denominations of $100 upwards. Write for illustrated booklet of description of guaranty bonds and notes REAL ESTATE MORTGAGE & GUARANTY CORPORATION Capital Resources $ 3,400,000 with TRADING IS HEAVY OND. . EXCHANGE Mergenthaler in 330-Share Turnover—Bank Stocks Also in Geod Demand. BY EDWARD C. STONE. One of the busiest sessions of the ‘Washington Stock Exchange in many | months was recorded today, When | prices remained around recent levels gnd a broad ]l(si! of sues appeared on — | the board. - # e, Potomac Electric Power 5'2 per cent preferred was @ especially active, | 161 shares chang- ing hands at 1087x. The 6 per cent | issue registered one sale at 114. Trad- ing in Mergen- | thaler Linotype | brought out 330 shares during the | day at 1007, 10075| and 100 Lanstor was less active, but sold to the extent of 50 at 118. Washington Railway & Electric sold at 100'.. Chestnut Farms | Dairy preferred moved at 109 and | Chevy Chase Dairy preferred moved at | 107. Senitary Grocery preferred sold lin a five-share lot at 162. Bank stock drew a lot of attention, Riggs National Bank warrants ‘again figuring prominently. The old stock sold at 570 and 566, while the fractional warrants moved at 315 and 320. Near the close five shares of the bank stock sold at 565. National Savings & Trust sold at 505, three transactions involving 50 shares taking place. Three shares of Federal- American National came out at 336. In the miscellaneous list Merchants Trans- fer & Storage sold at 107'>. The largest bond sale was in Anacostia & Potomac R. R. 5s at 95'4. Predicts Railroad’s Expansion. C. H. Hix, prseident of the Virginian Railway and its subsidiary, the Virginia & Western Railway, recently reported that the directors have authorized the building of a 40-mile extension from Elmore to Gilbert, W. Va,, at a cost of $7,500,000. The route through the Guyandotte Valley opens to the railroad an estimated 4,000,000,000 tons of coal not yet touched by any rail line. The Virginia & Western will connect with the Logan branch of the Chesapeake & Ohio at Gilbert and with a line the Norfolk & Western is soon to build to that same point. President Hix considers the move of vital importance, as he hopes it will eventually give the Virginian an outlet to the West and Great Lakes. His an- nouncement has aroused great interest in Virginia and West Virginia. Riggs Bank Votes Dividend. The directors of the Riggs National Bank late yesterday declared a dividend at the usual rate of 15 per cent for the period from October 15 to Decem- ber 15 to shareholders of record on No- vember 30. This is not an extra, but has been voted in order that dividends may be adjusted incident to changes in the bank’s capital structure occasioned by the consolidation with the Farmers & Mechanics’ National Bank and the increase in capital to_become effective about the middle of December. The Riggs directors have asked the directors of the Farmers & Mechanics declare a dividend covering the 'same period in order to assist in making the same adjustment. When this has been done the consolidated bank will pay_its next dividend from December 15, Robert V. Fleming said today. The «~armers & Mechanics has been paying 12 per cent and the adjustment divi- de(r.led will no doubt be declared at this rate. Pariners Pay Honor to W. B. Hibbs, His three partners, W. W. Spaid, Karl W. Corby and J. Thilman Hendrick, are paying a special tribute to W. B. Hibbs, veteran Washington broker. They have Jjust had a portrait of Mr. Hibbs paint- ed by Charles Wiltschek, a widely known New York portrait artist. The picture is to be hung in the new oak room in the Hibbs Building on Fifteenth street. ‘The portrait has not been placed in position yet, but a few of Mr. Hibbs' close friends have been given a glance at it and all declare it a perfect like- ness. *The broker’s sturdy features and white hair have lent themselves un- usually well to the artist’s brush. Department Store Sales Gain. Sales of department stores showed an increase of 3 per cent in October, 1928, compared with the corresponding month last year, according to reports made to Federal Reserve system by 496 stores. When allowance is made for the fact that October contained one more busi- ness day this year than in 1927, how- ever, average daily sales were in about the same volume this October as a year ago. In the preceding month average daily sales had been 10 per cent larger than a year earlier. Sales of mail order houses were 25 | per cent larger, and those of 5 and 10 cent chain stores 6.7 per cent larger than in October a year ago. Commodity Prices Higher. Price of commodities during the week ended November 10 advanced four- tenths of 1 per cent, according to the wholesale price index of the National Fertilizer Association, This is a revers- al of the decline of 1.4 per cent for | the previous week. Since July 7 the index has declined 2.2 per cent and since October 6 the decline has amount- ed to 1.4 per cent. The chief advances occurred in the groups of fats, other foods, fuel and textiles. A sharp de- cline occurred in the group of grains, feeds and live stock. Heard in Financial District. The agents of the Federal Reserve Banks have been holding a meeting in Washington with the Federal Reserve Board. The conference is the regular semi-annual gathering. Only routis$ matters are supposed to have received attention of the conference. The Great Atlantic & Pacific Tea Co. has declared regular quarterly dividends of 1 on common and 1.75 on preferred, both payable December 1 to stock of record November 12. The American Ice Co., through its subsidiary, the Boston Ice Co., has acquired the plant and business of the Utilities Ice Co,, in the Chelsea district of Boston. Edward G. Yonker, president of the Sanitary Grocery Co., states that the company will retain its identity in con- nection with the consolidation with Safeway Stores and that local stores will continue to be operated under their present name. Harry C. Butcher of this city ad- dressed the national fertilizer conven- tion at Atlanta today on “Advertising.’ He is editor of the Fertilizer Review. e NEW BUILDING REPORTED. NEW YORK, November 13 (#).—New building and englieering work started in the 37 States east of the Rocky Motntains from January 1 through November 9 shows an increase of near'y $32,000,000 over the amount started in the first 11 months of 1927, F. W. Dodge Corporation reports. Last week's con- tract total of $85,211,500 was 33 per- cent less than the total for the preced- ing week. It brought the amount of work started since the first of the year up to $5,857,593,200, or a daily average of $22,357,200, as compared to a daily average of $20,884,200 in the first 11 months of 1927. SILVER QUOTATIONS. NEW YORK, November 13 (A).— Bar silver, 5815; Mexican doggrs, 44, Quotations Delayed wing to the volume of trading onoflle'New York Stock Exchange today, the tape was swamped, and closing quotations were not avallable for this edition of The Star. The closing quotations be found in the 5:30 edition. Abitibi Pow (4). 38% 39 38% 39 Avitibi Popf(6). 79 79 8% 8% Abrahm&Straus 112% 114% 112% 114% ‘Adams Exp(6).. 360 360 360 360 Adv Rumley.... 50 50% 48% 48% Adv Rumley pf. 61% 62% 61%a 627 Ahumada Lead.. 3% - 3% 2% 3% Alr Redetn (13). 80% 81% 80% 81% 8% 8% 814 8% 9% 8% 9 ). 26% 27 26% 264 Allied Chem.... 237 238% 236 236% Allied Cm pf(7). 123% 123l 123% 1231 Allis-Chalm(7). 135% 1384 1356% 138 Amerada(2).... 39% 39% 38 38% Am Agricul Chm 19% 19% 19 19 Am Bk Note (2). 137% 138 137% 138 Am Br Sh(j1.60) 42 42 41% 41% Am Bosch...... 34% 35 343 34% Am Brown Bov.. 15 15% 156 15% Am Can(2). « 112% 118% 111% 113% Am Can nf( 141% 141% 141% 141% AmCar 5 % 9% Ya 96% 108 108 9 9 9613 108 9 5% 41% 93'% Am Hide & Le; Am Home Pr(3). Am lce(12%) Am Ice pf(6). 935 Am Internatl(2) 124% 125 Am LaFr&Foam 8% 8% Am Linseed.-. 134 140% 134 139% Am Linsd pf(7). 149% 155 149% 155 Am Locomot(8). 98% 99% 98% 99% Am Loco pf(7 110 110 110 110 A Machine ( 172 176 171 175 Am Metals(3) 60% 50% 49% 50% AmP&L (113.. 90 90% 89 90% AmPo&L pf(6). 101% 101% 101% 101% Am Radiator($). 174 176% 1723 172% Am Ry Ex(6)... 125 126 125 126 Am Repub] 70 n 70 ks Am Saf Raz.r3). T1% T1% 71 71 Am Seating(3).. 29% 32 2915 32 Am Smelting(8) 275 279% 275 279% Am S & Rpf(7). 137% 137% 137% 137% Am Sruff(12)... 173 173 173 173 Am St1Fdys(3). 60% 61% 59% 61% Am Sugar...... 78% B81% 77% 81% Am Sugar pf(7). 106% 107 106 107 Am Sumatra (3) 54 57 58% 67 Am Tel & Tel(9) 187% 187% 186% 187 Am Tobacco(8). 173% 174 172% 174 Am Tobac B(8). 174 176 173% 175 Am Tob pf(6)... 120 120% 120 120% AmWWE&EI(el). 60 60 614 Am Woolen. .o2% 22% Am Woolen pf. b2% Am Writ Pa ctfs 14% Am WrPa pf cfs Am Zine. . Am Zine pf. Anaconda (4) Andes Copr 75¢. Archer-Dan(3).. Armour Del pf 7. 939 1284 3 9% 38% 105% 106% 103% 105% 92% 93 92% 93 Armour IlI(A).. 1T% 17% 17% 17% Armour IlI(B).. 8% 8% 81 8% Armour Il pf(7) 86% 86% 86 86 Arnold Con&Co 45% 45% 41% 44y Artloom(3)..... 31% 36% 31% 35 Art Metal(13%). 30% 31 30% 31 AssoDryG(2%). b58% b58% B67% 68% Asso D G 1st(6). 104 102% 102% Archison(10). 198 196 197 Atchison pf(5).. 104 104. 104 104 Atl Coast L(110) 169 169% 169 169 AtIGulf & WI.. 48% 48% 48. 48K Atl Gulf pf(3).. 62 Atlantjc Ref(1). 54% AtlasPowder(4). 86% 87 Altlas Tack, 12% 12% 12% 12% Auto Sales. . 18% 14% 13% 18% Auto Sales pf(3) 35% 35% 35% 35% Autostrap A(3). 45 45 45 45 Balto & 0(6).... 117% 117% 116% 116% Balto&Opt(4). 7 79 79° 179 Barker Bros(2)., 29 20 20 29 Barnet Leather. 28 28 27 27 Barnsdall A (2). 51% B51% 46% 49% Bayuk Cgrs (2). 103 103 103 103 Beacon Oil 22 22 21% 21% Beecn-Nut % 76% 82 Belding-Hemwy. 13% 13% 4% Belg N R pf(16). 84% 8415 84% Best & Co(3).... 97% 96% Be'hlehem Steel 69 67% Beth Steel pf(7) 120 120 120% Bloomingdale... 43 43% 42% 43% Bon AmiA(4).. 75% 75% 75 15 Booth Fisheries. 10% 10% 10 10% Booth Fish 1st.. 67% 68% 67% 68% Borden Milk(6). 167% 168% 167% 167% Botany Mills (A} 19% 19% 19 19 Briggs MfgFCo. 50% bl1% 49% 50% Brockwy Mot(4) 72%° 78% T1% 173% British Emp 2d.. 6% 6% 6% 6% Bklyn-Man(4).. 67% 68% 67% 68% Bklyn-Man pf(6) 89 89% 89% 89 BklynUnGas(5). 166 169 165 169 BrownShoe(23%) 47% 44 4T 4T% Brunswick B(3) 52 51% 51% Brunswick Ter. . 35% 36 Bruns Term rts. %o W Bucyrus(1)..... 36% 36% Bucyrus cv(23%) 4% 45 Buff & Susq..... 624 621 624 62% Burns BrosA(8) 124% 124% 124% 124l Burns Bros(B). Bush Term (2). Butte Cop & Zinc Butte & Sup(2). Butterick Co.... Byer & Co. . T0% 121 66% 67% 65 67 9% 9% 8% 8% 10% 10% 10% 10% 43 44 43 44 1565% 155% 152% 153% By-Prod(12.75). 95% 96 94% 94% Calif Pack(4)... 75 % 74 5 Callahan Zinc... 3% 3% 3% 3% Calumet&Ari6). 119% 120 118% 120 Calu & Hecla(4) 45% 45% 45% 451 Can Dry (t4%). 79% 79% 78% 78% Can Pacific(10). 231'% 235% 231'a 235% Canon Mills 2.80. 47 - 47 46'% 46! Case Threshg(6) 409'% 414% 406% 414% Cent Alloy(2)... 43% 48% 42% 43% Century Rib M,. 21% 21% 21% 21% Jerro de Pas(5). 104% 105 103% 104% tain-Teed(4) 32% 32% 32 32 to Corpn(t4). 77 e Chandler-Clev.. 19 19% 18% 19% Chandler-Cl pf.. 28% 27% 26% 2% Cles & Ohio(10) 197 198 197 198 C&OCorpn(3).. 3% 78% 171 8% Chi & Alton. . 11% 11% 11% Chi & Altonpf.. 18 18 18 Chi & East 11l pt 61% 61% 61% ChiGreat West. 14% 15 14% Chi Gt West pf.. 35% 35% 387% ChiMil&StP.. 356% 35% 35% Chi Mil & StPpf 54% b54% b4% Chi & Nwn4).. 92% 88 91% Chi Pne Tocl(6). 134 136 134 136 Chi RI&Pac(6).. 136% 135% 134 134% CRI&PDf(6). 101% 101% 101 101 |{CRI&P (7). 108 108 108 108 Chickasha(3)... 49% 49% 48% 48% Childs(2.40).... b53% b4% b62% b54% 9T | 70% | 34% 3dls 341 341 Cudahy Pkg(4). Curtiss Aero(1). Cutir-Ham(3%) Davison Chem. . Debenhms(2.91) Del & Hud(9) . Del L & W(17) Den RG Wn pt Detroit Ed(8)... Detroit Ed (rts) Devoe A (13.20). Dodge Bros A. .. Dome Mines(1). Drug Inc(4). ... Dunhill Int(4).. Dupont (113.50). Eastman(18). .. Eaton Axle(2) Eisenlohr&Bro Eitingon(23%)... Eitingn pf(6%) . Elec Auto L(4).. Electric Boat. .. ElecPow&Lt(1). Elec P&Lt pf(7) Elec Stor Bat(5) Em Brantgm(A) End-John(5) Eng Pub Ser Equit Bldg(2). . EquitableTr(12) ErieRR... Fairbanks(l)... nEch.40) M & Sm. Fed MotT (180¢). Fidelity-Phoenx First NatS(1%). Fisk Rubbe; Fisk Rub 1st pf. Fleischmann(3). Florsheim (A).. Florsheim pf(6) Foundation Co. . Fox Film A(4).. Freeport (16%). Fuller pr pf(6). Gabriel Snub A.. Gen Asphalt.. Gen Cable. Gen Cable A(4). Gen Cigars(4). Gen Elec(15)... GenElec sp(60c) Gen GasA(o1%) Gen Ice Crm(3). Gen Motors 191 Gen Mot (New). Gen Mot pf(7) GenOQutdrAd(2). Gen Outdr Ad(4) Gen Ry Sig(5).. Gen Refrac(s).. Gillette S R(c5). G'mbel Bros. Gimbl Br pf(7).. Glidden Co. . Gold Dust (5). Goodrich(4). ‘Goodyear Tire. Goodyer (rts). . % | Goodyr 1st pf(7) Gotham (323). . Gothamn v $21 Gould Coupler A Graham-Paige. . Grhm-Paige ofs. Granby-Min(4). Grand F&W (1) Grand pf(6%).. Grand Unon. Grand Un pf(3). Grant WT (1).. Grasselll (2.68) . Grt North pf(5). Gt Nor pf cfs(5) Grt Nor O(1%). Grt Wn Sug 2.80. Greene Cana(#). Guantanamo Su. Gulf Mo & Nor.. Gulf Stat Sti(4). Hartman A(2).. Hartmn B(1.20). Havana El Ry. Hershey Corp. Hershey pf(4).. Hoe & CoA..... Hollnd Furnace. Household t4) Houston Oil. Howe Sound ( Hud Man(2%).. Hudson Mot (5). Hupp Mot (f2).. Ind Oll (1%)... Indian Mot(1%) Indian Refining. Ind Ref pf(7). Indust Rayon. Ingersoll R(15). Inland S(k16%). Inspiration Cop. InterboroRapTr. InterconRubber. Internat Agri... Int Ag Ch p£(7). Int Hary p£(7).. Int Mtch pf 3.20. Int Mer Marine. Int Mer Mar pf.. Int Nickel (3)... Int Nickl cfs(3) Inter Nick pf(6) Int Paper(2.40). Int Paper pf(6). IntPap cfs(2.40) In Pap pf cfs(7) Int Prtg Ink 2%. Int Ry Cent Am. Int Tel & Tel(6). Interstate D S.. Intr Dep S pf7.. Island Creek(4). Jewel Tea (15).. Johns-Manv(3). Jordan Motor. .. Kan Clty South. Kaufmn DS 1 Kayser J (5). Keith-Albee. Keith-Al p£(7).. Kelly-Spring. Kelly Tire 6%pf. Kelly Tire 8%pt Kels Hayes(2).. Kelvinagor Corp. Kennecott(6). Kinney (GR)... Kresge(t1.60) Kresge Dept 8., Kreuger & Toll. . Kroger Gro(cl). Lago O1l. Lambert Lee Tire & Rub. Leh Por Cmt 2% LehighVal(3%). Lehn & Fink(3). Chile Copper(3). 64 64% 62 63% Chry: 3).... 134% 136% 131% 134% City St B5% stk 106 106 105 105 Clue eab(5). 73% 73% T3% 3% Coca-Cola(6)... 165% 167 165% 167 Collins & Aikmn. 58% 58% b57% 58 Col Fuel & Iron. 76 76% 74% 6% Col & Southn(3). 112" 112 112 112 Col Gas & E1(5). 127 129% 126% 129% Col G&E pfA(6). 107% 107% 106% 106% Col Carbon(4).. 95 95% 9412 94% Columb Carbrts 2% 2% 2% 2% Com Cred(1).... 46% 47% 46% 47% Com Inv Tr(f4). 8% 9 % 9 Com Inv (war).. 22 22 22 22 Com In Trpf 6% 96% 96% 96% 96% Comm Solv (§8). 217 223% 217 222% Com Power(73). 87% 89% 87 89 Conde Nast(2).. T4% 75% 74% 76 Congoleum-Nair 28% 20% 28% 29% 2% " 13% Cong Cgrs (16). 73 73% Consul Cgrs(7). 93% 9474 Con Film pf(2).. 264 26% Consol Gas(5).. 81 85% ConsolGaspf(5). 99% 99% ConRRCuba pf 6 5% T5% Consol Textile. . 4% 4% Container A 1. 23% 23% Container B 60c. 1% 11% Cont Baking A.. 38% 38% Cont Baking B. % T Cont Bak pf(8) 90% 90% 90 90 118% 119 117% 118% Cont Can(5). Cont Insur(8). 88% 88% 8T% 87% Cont Mont(80c). 17% 17% 16% 17 CornExBank(20) 750 750 1750 750 CornPro(13%). 884 884 874 87% Coty Inc (8). 302% 303% 301% 303 Crucible St1(5).. 79% 80% 79% 80 CubaCaneSugar. 5 5 Cuba Cane Su pf 16% 18 Cuba Company.. 28 22% Cuban Am 8(1). 17% 16% Cuban Am pf(7). 95% 95% 95 il Cuban Dom Sug, 6% 6% 6% 95% 6% Life Sav(1.60).. Lig'Myers(t5).. Lig & Myrs B 15. Lig & M pf(7)... Lima Locomtve., Liq Carb (+4%). Loew's(13). Loew's pf (6% Loft e Long. AYsis Loose-W(1.60).. Lorillard Co Loritlard pf(7). Louisiana Oil. .. Louis GasA 1.75. Louis & Nash(7) Ludlum Stl(2).. " | McAndrews 2.60. McCall Corp(3). McCrory B(2)... McCrery pf(6).. Melntyre P(1). . McKeespt Tin Pl Mack Truck(6). Macy Co (2).... Mad Sq Gar(2).. Magma Cop(3). . Mallison & Co. .. Manati Sugar p Mandel(2%).... Man Efec Suply. Man El.m2g(d5) Man Shirt(2)... Maracaibo Ofl. .. Marlan Oil...... Marlin-R(13%). Martin-Parry... Mathieson(6). May Dept S(4).. Mayatg (1%)... Maytag pf(3). Maytag 1st pf(8: Melville Shoe(1) Mengel Co. . Mexican Seab 1% 136% 60 92 435% 185% 65% 53% 36% 109% 107 11% 38% Indian Refg ctfs bt 38% 61% 2% 5% 62% 0% 136 59% 59% 105% 21% 11% 9% 33 70% | Miami Cop(1)... 139% 60 Mid-Continent. Middle States. Midland pf(t12 Minn & St Louis. Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific. Missouri Pac pf. Mohwhk Car 21 . Montgmry W 15. Moon Motor. ... Mother Lo(30c). Motion Pie Corp. Motor Meter A Motor Prod(2). Motor Whi(t2% Mullins Mfz. ... Munsingwr(3). Murray Corp. Nash Motrs(16). Nat Acme(sta) Nat Bellas Hess Natl Biscuit(+7 Nat Bisc pf(7).. Nat Cash R A(3) Nat Dairy(3)... Nat Dept Stores. Nat Distillers. .. Nat Jinamel &S. Nat Pow&Lt(1). Nat Radiator Nut Ity Mex 2d.. Nat Supply (16). Nat Tea(1) Nevada C(1 N Y Air Br ~!~\'\' NH&H pf(7) | N Y Ont&Westn. Norf & Wn(t10) NorAm b10% stk North Am pf(3). NorAm Ed pf(7) North Pac(5) Nor Pac cfs(5 Norwalk Tire. .. 011 Well Supply. Omnibus....... Omnibus pf(8).. OppmCollins(f4) Otis £l Otis Owens Bot(ct4). Pacific Gas(2).. Pac Lightg (3) Pac Oil Stubs. Packard M 5%. Pan-Am Petrolm Pan-Amer Pet B. Pan-Am Wn B.. Panhandle. ..... Paramt-F-L (3) Park & Til(13).. Park Uta x g EFA) s Patino M( Peerless Motor Penick & Ford. . Penn C&Coke. .. Penn Dixie Cmt. Penn R R(3%).. People’s Gas(8). Pere Marq({8).. Pere Marq pf(5). Phila Co pf(3).. Phila & RC&I. Phil Morris(1).. PhillipsPet(1%) Pierce-Arrow Pierce-Ariow Pierce Oil. . Pierce Oil pf.... Pierce Petrolm. . Pillsbury (12.10) Pitts Coal...... Pitts Coal pf. Pitts Term Coal. Pitts&WVa(6).. PurtoR1coTobA . PortoRicoTobB. Postal T&C pf 7 Postum(3)..... Pressed Stl Car. Pr Stl Car pf(7). Produ & Refinrs. Pub Serv NJ(2). Pub Serv pf(6).. Pub S NJ pf(7). 14 | Pub SE&G pf(6) * 1 Rossi Pullman Co(4).. Punta Aleg Sug. Pure Uil (1).... Purity Bak(3). . PurityBak pf(6) Radio Corp..... ReadingRy (4).. Reading 2d(2).. Real Silk Hos, Reis(R)& Co. Remingtn-Rand. Rem-Rd 1st(7) Rem-Rd 2d(8). Reo Mot (11%). Rep1&S(4).... Rep 1& S pf(7). Reynolds Spngs. ReynldsTobB(5) RhineWstphalia Richtield Of1(2). Ins(5)... Royal D(a3.222). Rutland pf...... St Jos Leaa13). StL & SanF(18). StL&Southwest. StL&SanF pf(6) Savage Arms(2) Schulte (j3%).. Seab Air Line. .. Seagrave(el.20). Sears-Roe($2%) Seneca Copper. . Shattuck FG(2). Shell Un(1.40). Shubert The(5). Simmons Co(3). Simms Pete. . Sinclair O1l.... Sinclair pf(8). Skelly Oi1(2)... Sloss-Shef (6) . Snider Pkg pf. So Po Sug(f23% South Calif Ed. . South Dairies A. South Dairies B. South Pac(6)... South Ry(8).... Spang Chalfnt. . Spicer Mfg..... Spiegel Co (3).. Std Com To(f1). SdG&E (3%). Std G & E pt(4). Std Milling(5) .. Std Ol Cal(23) StdOiINJ (t1%). StdO:INY (1.60). Std Plate Glass. StdSanPro(1.68) 1, | Staniey Co...... 49% 91 61 35 58 Stewart-War(6) Strom Car(2)... Studebaker (5) . . Submarine Boat. Sun Ofl (m1). Superior Oil. ... Superior Steel. . Sweets of Amer. Symington. Symington CrA. Telautogh (80c). Tenn Copper(1). Texas Corpn(3). TexasGulfSul(4) Texas & Pac(5). Tex Pac C & Oil. Tex Ld Tr(new) Thatcher Mfg. .. The Fair(2.40).. Third Avenue. .. Thomp J R(3.60) Tidewater AsOil TIdWASOiIpf(6) TidewatrO(80c) Tide W Oil pf(5) Timken(t5). ... Tobac Prod (8). Tobae Prod A(7) Tob Prod cfs(C) . Transcont Oil, Trico Prod(2%). Truscon Steel. .. Undwd-E1 F (4). 82% Union Carb(6).. 192% Un Ofl Cal 2) 55% Union Pac(10).. 218% Utd Biscuit 1. 50% Utd Cigar St(1). 27 Utd Cgr St p£(6) 104 Utd Elec Coal... 73% Utd Frult(t53%4). 138% USCastIrPipe 46 USCIP1st1.20. 18% USCIP2d1.20.. 18% U S Distributing 17% U S Distrib pf(7) 81 U S Hoffman(4). 47% U S Alcohol(5).. 126% U S Alchohol rts 5% US Leather...., 33 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. 28 125% 5% 33 2Th 275% 2! 104% . | Kansas-Texas. |of | offered one common class A share for | 7 | that directors have authorized the sale STOCKS IRREGULAR INEARLY TRADING Market Wavers Under Heavy | Selling—U. S. Steel Ad- vance Steadies Prices. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 13.—Forced to meet heavy offerings, this morning's stock market gave way in the initial dealings, rallied under the influsnce of a demonstration in United States Steel, | which carried that stock to the highest | point.in its history, and then turned | irregular again. i The record-breaking volume of yes-| terday brought selling at the opening by traders who expected a substantial ! reaction. Many stocks receded sharply, | especially those in which pools have been operating and which have been| among_the leaders of the recent rise.| Part of thes: offerings came from those | who had accumulated stock lower down | and a part from th I bear con- | tingent still i the market. On the way down, however, support was en- countered, presum: from outsiders | who were still convinced that the mar- | ket had no top. The result was a mixed movement, which during the forenoon | gave no sign of what the real trend | was to be. 0il Siocks Sold Heavily. 01l stocks were heavily sold, notably Barnsdall and Mexican Seaboard. Both of these had been bid up rapidly and | both were in a weak technical condi- tion. The same could be said of Va- nadium Corporation. That stock closed yesterday at 107 and opened today on a block of 4,000 at 101, down 6 points. The high-priced industrials jumped back and forth in a bewildering fash- ion. Radio started in unchanged at 288, then dropped more than 10 points, recovering a part of the loss afterward. Montgomery Ward was more than 5 points up at the start, then canceled all the gain and more. American Smelt- ing & Refining sold off from 6 to 7 points. Railroad stocks were generally lower. Union Pacific, which made a high rec- ord for all time yesterday, sold more than 6 points under the top of that day. St. Paul preferred was in supply and | gave way easily. New York Central | was down moderately. Most of the| lower priced issues lost ground. includ- | ing Kansas City Southern and Missouri- | Advance In Steel. The outstanding_feature on -the side | sdvance was United States Steel.: | which was taken in enormous_blocks and, crossing 167, reached the highest price in the history of the corporation. Naturally this demonstration steadied the rest of the list, as perhaps it was intended to do. ,General Motors was | heavy and lower most of the time. West- | | inghouse Electric came down, so did| General Electric. Money renewed at 6 per cent and| there was plenty on offer. The tape | was a half hour behind at noon., but the turnover was slightly under that of the day before. Wall Street Briefs Stockholders of the Aetna Fire ln—‘ surance Co. of Hartford, Conn., have approved increasing the outstanding capital to $7,500.000 from $5.000.000. New stock will be issued at $100 to stockholders of record October 8 in the | ratio of one share for every two shares held. Subscriptions will be payable December 8. American Superpower Corporation of | New York, a Delaware concern, has| three shares of Utility Shares Corpora- tion common stock. American Supey- power already owns ebout 72 per cent | of the Utility Shares common. The offer expires December 8. Members of the New York Cotton | Exchange will meet Wednesday after the close of business to discuss pro-| posed changes in the bylaws and rules | to provide for limitation of interest in | future accounts, a control committee | and_deliveries in the South as well as | in the North. President James F. Bell of General | { Mills, Inc, of Minneapolis announced i of 21,000 additional common shares to finance factory expansion and to in- crease working capital. Production of track work in the pasti 10 months totaled 43,076 tons, compared to 47,517 tons a year ago, the Ameri- can -Iron and Steel Institute reported today. The total for October was 9,493 tons against 9,914 in October, 1927, and | 15,568 in October, 1926. Leather A.. 55% 56 55% Lea pr pf(7) 103% 103% 103% Realty (4) 79! 9! 79 Rubber..... Rub 1st pf.. U S Smelt(3%). USSmpf(3%). U S Steel(7).... U S Steel pf(7) .. U S Tobacco(3) . Uni Leaf Tob(3) Univ Pipe & Rad Uti] P&L A(e2). Vanadium (4). Van Raalte. .... Vick Chem(4) Victor Talkg(4). Victor pr pf(7).. Va-Caro Chem. . Vir-CarCh pf(6) Va-Car Ch pf(7) 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 Web & Hell... Wes O&Sno pf7. West DairyA(4) West Dairy B. .. West Maryland. West Paciflc.... West Pacific pf. . West Union(8).. Westhse A B(2). Westinghse(4)... Weston Electric. Weston A(2).... White Eagle(2). White Mot(1) WhitRek efs(2). White Sew Mach White SM pf(4). Wilcox Oil & G.. Willys Ov(1.20). Willys-Ovd pf 7. Wilson & Co.... Wilson Copf A.. Wilson & Co pf. Woolworth(5). . Worthn Pump. . Worth Pump(A) Worth Pump(B) Wright Aero(2). Wrigley (16%).. Yale&Twne(15). Yellow Truck Youngstn Sh( Hourly Sales on N. Y. Market. 11am.. 921,000 12m...1.789,600 1pm. 2,650,300 2 p.m. 3,474,300 Divi n in the above table LR L est quarte [-year] . G el raging “lesy. than, 100 sha X *_Partl: (t: 4% § Plus this —] in_sf us us us us U S s S 141% 10% 3 g Shocke i plus - 120" Share | quarteri GOk, &, Fevsble 1110 share, auarte T tn siock 1 " FINANCIAL. Commodity Notes Nuts. ERIE, Pa.. November 13.—The chest- nut crop of Western Pennsylvania, which has been counted on for years, soon will be a thing of the past, ac- cording to farmers. Nuts now are selling at 25 to 30 cents a pound in| this section. Radio. OAKLAND.—Producers of radio equipment and receiving sets in this district are working their plants at top speed. One maker of loud speakers has just completed arrangements for dou- bling capacity. Sewing Machines. CLEVELAND.—The profits from the operation of the White Sewing Ma- ine Co. so far this year have shown | decided improvement as compared with 1927. This is regarded as ex- tremely significant here since most ‘of the White sales are on a part-paym2nt basis in all parts of the country and | reflect promptly any change in business. i BUYS TRAVELAIR STOCK. | NEW YORK, November 13 (#).—Con- | trolling interest in the Travelair Manu- | facturing Co., manufacturer of com- mercial and pleasure airplanes, of ‘Wichita, Kan: as been p\n'(‘h:}wd by investment bankers, it was an- nounced today. * It is reported in Wall Street that the | purchase is part of a plan to consoli- date this company with the Keystone Awrcraft_Corporation of Brision. Pa., and the Loening Aeronautical Engineer- ing Corporation of New York, which Keystone acquired recently. It is un- derstood that a merger of these com- panies with the Wright Aeronautical | Corporation of Paterson, N. J., is con- templated. This would create a company manu- facturing motors, high and low priced planes, amphibians and engaging in the transport business. STEEL PRICES ADVANCED. YOUNGSTOWN, Ohio, November 13 | (#).—The Youngstown Sheet & Tube | Co. has announced an increase in shect | prices of 10 cents a hundred pounds, ef- | fective on all new business and on first quarter contracts. The new prices are: Blue annealed, $2.10; black, $2.85; galvanized, $3.60; full finished, $4.10 f.o.b. Youngstown. Chicago prices are 10 cents higher. James A. Campbell, president of the company, said orders are increasing after a lull in the first 10 days of the |§ month. NEW YORK BANK CLEARINGS. NEW YORK. November 13 (Spe- cial).—New ~ York bank clearings, | $1,715,000,000; New York bank balances, | $122,000,000; New York Federal Reserve credit balances, $83,000,000. | Pn;duce Seats Are Sold. NEW YORK, November 13 Three memberships on the New York Produce Exchange have been sold, one | at $18,300, another at $18,500 and the third at $18.800. The price on the last preceding sale was $17,500. S »— 8 CHANGE IN REVENUES. BALTIMORE, November 13 (Special) —Of special significance in the latest returns of the Western Maryland Rail- way is the change in the order of im- portance of the company's source of revenues. Last year Western Maryland derived most of its freight receipts from the movement of coal and coke, but in the first 10 “1onths of 1928 more money was earned from other kinds of freight than from coal. Just how much the cleser financial relation with the Bal- timore & Ohio may have had to do with this, if it has had any influence, is not known. However, coal and coke contributed only $5,994,539 to the company's total freight revenue in the 10 months, as against $7,684,311 recelved from other sources. In the same period a year ago coal and coke accounted for $9,442,678 and other freight $7,885,552. ; TS Consult Us First | If you need money for vour Real Estate financing let us have your application today. Prompt Service No Appraisal Fee The Commercial National Company rated apital. $900.000 Incor Paid up Cash Commercial Nat 1th Let us have your applications “LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 year$ speaks for itself Percy H. Russell Co. | | 1731 K St. N.W. Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. 420 Wash. L. & Trus Joseph 1. Weller 43, Wash. L. & Trast EXCLUSIVE . DISTRIBUTOR TIRES “Populcrity is Proof of Quality” MARTIN J. BARRY 1636 Conn. Ave. Pot. 3501 Prompt Service—We Hurry F. B. KEECH & COMPANY Mcm! 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