Evening Star Newspaper, November 15, 1928, Page 14

14 FIN GAS STOCK HITS 105 ON EXCHANGE HERE Riggs Sells at 570 and Na- tional Savings at 505. Bankers Honor Publisher. BY EDWARD C. STONE. In rather light trading’ on the local | exchange today Washington Gas Light stock moved up a quarter of a point from yesterday and .~z :oe ces et time at 105. It reached the new high mark on the sale of two 10- share lots Riggs National Bank sfock ad- vanced 10 points and sold at 570 for the first time since the warrants came on the market. The turnover was only 15 shares. The warrants opened at 320 and closed at 315. The only other bank stock _out was National Sav- ings & Trust, which sold at 505 on a 40-share turnover. Mergenthaler was quiet_today, opening at 1003 and closing at 100%5. Rallway & Electric preferred led the | utility issues, 55 shares selling at 99%. ; Potomac Electric Power 5% per cent areferred registered 109. Chestnut Farms Dairy preferred sold at the same figure and 320 shares of National Mortgage & Investment preferred changed hands at 5%. Fifieen shares of Chapin Sacks 8 per cent preferred sold in the unlisted de- rtment at 107'2. Bonds were neg- lected. Bankers Honor Maj. Patterson. Twenty-five Washinglon bankers and friends of Maj. F. W. Patterson, for- mer financial editor of the Post, and now owner and pubiisher of the Ma- nassas Journal, paid a special tribute to him at a dinner last evening at the Warrenton Country Club. The Manassas publisher was taken by com- plete surprise. He was picked up by the Washington party, ostensibly to at- tend a small gathering of Warrenton bankers. Upon arrival at the Country Club the major was almost overcome when informed the affair was wholly his honor. mm local bankers were headed by Robert V. Fleming, president of the District Bankers' Association, and Joshua Evans, jr., chairman of the committee, who so cleverly succeeded in making the affair a real surprise. Others_ attending were Howard Moran and W. J. wmé;-l. vllhoEnl‘s; 'ger;og: mmittee; Charles E. Howe, m.e Le J. Frank ww%u'smfl? id, C. J. Gockeler, W. W. Spald, T H. G. Hoskinson, William D. Hoover. Post. E. A. Swavely of the Swavely Schoot, at Manassas, made the dinner arrange- | A ments. The Manassas bankers, G. R. Ratcliffe, Harry P. Davis and Charles H. Lion, were present, as were C. E. ANCIAL." | Quotations cl for ti found in the 5:30 Abitibi Pow (4). 39% Aoitibi Po pfi6) 79% Abrahmé&Straus 117% Adv Rumley.... 484 Adv Rumley pf. 62% Ahumada Lead.. 3% Alr Redetn (13). 83 Ajax Rubber.... Aiaska Junea. .. Albany Papri2). 26% Allied Chem. ... 233% Allis-Chalm(7). 142 Ama! Leather 1% Amerada(2).... 38% Am Agricul Chm 18% Am AgriCh pf.. 68 Am Bk Note (2). 134% Am Bosch 35 Am Br Sh(§1.60) Am Brown Bov. . Am Can().. Am Can pf(7) AmCar&Fdy6). Am Chain pf(7). Am Chicle (2).. Am Drug(80c). . Am EncauTil(3) Am Express(6). Am & For Pow. . Am&ForP2d 7. Am&ForP pf7) Am Hide & L pf. Am Home Pr(3) Am lce(t2%). .. Am Internatl(2) 128% Am LaFr&Foam 8% Am Locomot(8). 101% A Machine (t5% 171% Am Metaist3) 50% AmP&L(§1* 81% AmP&LtpfAS 77 AmPo&L pE(e). 101% Am Radiator($). 175 Am Ry Ex(6)... 127 Am Repubhi.... T2 Am Saf Raz.ra). 71 Am Seating(3).. 32% Am Ship & Com. 4 Am Smelting(8) 276% Am Stuft(12).,. 174% Am Stl Fdys(3). 60 Am Sugar...... S2% Am Sugar pf(7). 107% Am Sumatra (3) 61% Am Tel & Tel(9) 186% Am Tobaccot(8). 176% Am Tobac B(8). 176 Am Tob pf(6)... 120% Am TypeFo(8).. 187% AmWWEEl(cl). 62% AmWW1st pf(6) 101 Am Woolen. 42% T2% 287 51 96 108 Andes Copr 75c. Archer-Dan (3). Armour Del pf 7 Armour 1lI(A).. 18% Armour I1I(B). . Armour Il pf(7) 83: Arnoid Con & Co 45 Artioom(3)..... 32 Art Metal(1%). 29 AsS0DryG(2%). hison(10) ... 196% st L(T10) 1704 AUGuIf & WI.., 4T% At Gult pf(3).. 62 40% 102% - 93% Tiffeny and S. C. Brittle of Warrenton's financial district. Everybody spoke and George O'Connor and Matt Horne fur- nished the music. The amount of praise given Maj. Patterson must have made his ears burn. He was a great favorite in the local financial district and is meeting with lendid success in his new venture. addition to his lit- erary ability, he holds a congressional medal for distinguished service overseas in the World War. Public Utility Earnings Jump. The Department of Commerce reports gross earnings in September, 1928, of 95 public utility enterprises, exclusive of telephone and telegraph companies, as $179,000,000, compared with $174,000,~ 000 in August and $169,413,885 in Sep- tember, 1927, increases of 2.8 per cent and 5.6 per cent, respectively; for the nine months ended September, 1928, $1,637,917,891, against $1,558,277,178 in the corresponding period of 1927, in- crease of 5.1 per cent. Net earnings, representing in general the gross, less operating expcnses and AtlasPowder(4). AusCred(4.49).. Atlantic Ref(1). 56% 93% 11% 6% 33% 61% Aulas Tack..... Austin-Nichols. Ausun-Nich pf.. Auto Sales...... Auto Sales pf(3) Autostrap A(3). 44% Balto & O(8).... 116% Balto & O pf(4). 178 Bang & Ar(3%). 71 Barker Bros(2). 29% Barnet Leather. Barnsdall A (2). Bayuk Cgrs (2 ) Belding-Hemwy . Belg N R pe(16). Best & Co(3).... 98l Be hlehem Steel 72 Beth Steel pf(7) 121 Bioomingdale... 46% Bon Ami A4). 5% Booth Fisherfes. 114 Borden Milk(6). 165 Briggs MfgFCo. 55 British Emp 2d. 6% Brockwy Mot(4) 71l Bklyn-Man(4).. 69% 14% 841y taxes, or the nearest comparable fig- ures, were $67,000,000 in September, 1928, compared with $60,000,000 in Au- , increase of 11.6 per cent, and $61,- | Brutswick Ter.. 37% 39% 37% ”“"I#OT in September last year, increase of 8.2 per cent; for nine months ended September, 1928, $618,457,941, against $560,765,642 in corresponding period of 927, increase of 10.2 per cent. Bank President Nearly 20 Years. ‘William D. Hoover, president of the National Savings & Trust Co., is now rounding out 20 years' service as head of the institution. Mr. Hoover took the helm in January, 1909. For seven years prior to that time he was con- nected with the bank in the capacity of attorney and trust officer, to which position he was elected in 1902. Before associating himself with the National Savings & Trust,” Mr. Hoover was for five years vice president and director of the Real Estate Title In- surance Co., still retaining membership on the board. Born and educated in the National Capital, he is a graduate of the Georgetown University Law School. After being admitted to the District of Columbia courts he decided not to enter private practice, but to use his legal knowledge in service of the financial institutions wtih which he has been connected. Mr. Hoover is a thirty-second degree Mason, member of the University Club, a leader in the Chevy Chase Club, as well as a member of the Metropolitan, Lawyers’ and other similar organiza- tions. He attends the Episcopal Church. Under his leadership his bank has shown splendid growth. Heard in Financial District. Tickets for the institute's annual theater party have been placed on sale in all the local banks by Alfred W. Sherman, chairman of the committee. President James A. Soper, chapter president, reports a budget this year of $25,000 and the theater party is counted upon to furnish the greater part of this sum. “The Silent House” has been so ! popular elsewhere that a crowded house is expected. The increase of 584 Pennsylvania Raflroad stockholders during October follows gains of 410 in September, 711 in August and 10,692 in the period from | May 1 to August 1. Woman _stockholders November 1 numbered 77,893; increase, §,976; con- stituting 50.32 per cent of total holders; decrease, 0.29 per cent. They held 3,- 946,622 shares; increase, 575,378, being 35.15 per cent of outstanding capital stock; increase, 1.39 per cent. Their average holding was 51 shares; in- crease, 4. The Shubert Theaters Corporation has declared the regular quarterly divi- dend of $1.25, payable December 15 to stock of record December 1. ‘The Remington Typewriter Co. has declared an extra dividend of $5 and regular quarterly dividend of $1.25 on common, $1.75 on first preferred and $2 on second preferred. N B. & 0. Dividend. BALTIMORE, November 15 (Spe- cial).—An increase in the present $6 a share annual dividend on Baltimore & Chio Railroad common would not br surprising, it is reported in financial circles here. There has been quite an accumula- tion of the issue recently by interests who believe that action may be taken at the December meeting of the board. Bklyn-Man pf(6] 88% BklynUnGas(5). 168 Brunswick R(3) 56% Bucyrus(1 Bugyrus cv. Buft & Susq..... 624 Burroughs(t4).. 172 Bush Term(g2). 170% Butte Cop & Zinc 8% Butte & Sup(2). - 104 Butterick Co.... 45% Byer & Co. 152% By-Prod(12.75). 95 Calif Pack(4)... 74 Callahan Zinc... 3% Calumet&Ar(6). 119% Calu & Hecla(4) 44% Can Dry (t43%). 179 34% Canon M{lls 2.80. 46 Case Threshg (6) 414% Cent Alloy:2).. 44% Century Rib M., 20 Cerro de Pas(5). 103% Certain-Teed(4) 31% Certo Corpn(t4). 75 Chandler-Clev.. 19% Clandler-Cl pf.. 26% Cres & Ohio(10) 197% C&O Corpn(3). 71% Chi & Alton..... 10% Chi & Alton pf.. 175 Chi & East Il pf 63 Chi Great West. 14% Cni Gt West pf.. 34% Chi MH&StP.. 35 Chi Mil & StP pf Chi& Nwni4).. 90% Chi Pne Tocl(6). 145 Chi RI&Pac(6).. 133 CRI&PDI(6). 101% CRI&P pf(7). 108% Childs(2.40).... 54% Chile Copper(3). 64 Chrysler(3).... 129% City St B 5% stk 106 Cluett-Peab(5). 72% Coca-Cola(6)... 169% Colllas & Aikmn 57 Col Fuel & Iron. 74% Col Gas & E1(5). 1274 Col G&E pfA(6) 106% Columbia Graph 72% Col Catbon(4).. 98% Columb Carb 2% Com Cred(1). 51% Com Iny Tr($4). 129% Com inv (war).. 23 Com Invst(rts). 8 Comm Solv (§8). 232 Com Power(t3). 891 Conde Nast(2).. Congoleum-Nair Cong Cgrs (16). Consul Cgrs(7). ConCigprpf(6%2) Con Film pr(2). Consol Gast5). . ConsolGaspf(5) . ConRRCuba pf 6 Consol Textile. . Container A 1.20 Container B 60c. Cont Baking A.. Cont Baking B.. Cont Bak pf(8). 89 Cont Can(5).... 120% Cont Insur(6) 86 Contl Mot(80c). 17 CornisxBank(20) 750 n Pro(t3y). 87% Coty Inc (8).... 299 Crex Carpet.... 21 Crucible Stit5). 81% CubaCaneSugar. 5% Cuba Cane Su pf 15% Cuba Company.. 22% Cuban Am S(1). 16% 6 69 Earnings of more than $10 a share for 1928 are indicated. This would com- pare with $9.41 a share earned in 1927. Cuban Dom Sug. Cudahy Pkgt4). Curtiss Aerod1). 138 Cutir-Ham(3%) 60% el Th que ns e ol ing Can Pacific(10). 230% 231% 230% 231% 6 . 'THE’ EVENING STAR, WASHINGTON. D. C. THURSDAY. NOVEMBER 15 19%. Received by Davison Chem. . Debenhma(2.91) Del & Hud(9) .. Del L& Wit1).. Den RG Wn pf. . Detroit Ed(8)... Detroait Ed (rts) Devoe A (13.20). Dodge Bros A-.. Dome Mines(1). be |Druginecs).... Dul 8 S & Al pf. {;unhfll l;?l";)~. )y upont(13.50), 0% 30 Som | Du Pont debs). 117% 115 116 Eastman(t8)... 8% 4T% 47% | Baton Axlec2 624 62% | EatonAxle(rts) 3% | Eisenlohr&Bro 84% | Eitingon(21) 8% | Kitingn pf(6%). 8 8% 8% Elec Auto L(1). 26% 26 26 Electric Boat. . 236 238 236 KlecPow&Lit(1). 143 141% 142 Elec P&Lt pf(7) 11% 'ec Stor Rat(3) 385 Delayed &% 8% g v 68 ng Pu S pf(5). 137% | Equit Bldg(2).. 36% | Erie R R. 42 :Frie2d pf.. 14% | Eureka V(f U3 | pajrbanks Co. .. 1 Fairbanks(3)... v Fed MotT(f80c). 88% | Fidelity-Phoenx 46% | pirst NatSi1%). 11% | pigk Rubber. ... 72% | Fisk Rub 1st pf. , 287 . Fisk R 1st pf cv. Freischmannt3). 96 | Florsheim (A).. 108 | frox Film Ac4).. 37 |Freeport (16%). 43 |Gabriel Snub A 126y; | Gardner Motor. % |Gen Am Tak(4). Gen ATC pf(7) 100 | GeD Avpiane Gen Cable. . 129% 126% 8% 8% 101%: 101 178% 177% 51 50% 108% 102 4% a4y 116% 115% 78 18 ki 71 29% 29% 5 24 77| Gen Cigars(4). . 102% 101 101% Gen Elee(15)... 177% 175 12814 | Gen GasA (o13) 5% N% Gen GasBiells) I 0% T Gen fee Crm(3). At Gen Motors 19% 278% 274% 275% # Gen Mot pf(7).. 176 1T4% 178 | Gen Qutdr Ad(4) 820 81% b Gen Refrac(i). . 108 101 108 | Gillette S R(c5). 187% 186% .. 179% 176% 178% | Gilen oo o) 120% 120 120 189% 137% 139 | Goiq Dust 46).... 101 100% 100% | Godavear Tire. . 22% 2% 22% | Goodyr 18t pfe7) 46% | Gotham n v 123 43 Gra) -m-l-‘nlge,i 98% | Grand F&W (1). 143% | Grand Unon 98% | Grant W T (1).. Grasselll (2.68). 85% | Gt Nor pf cfs(5) 443 | Gt NoOr cfs 2% . 2 g . 29 | Greene Canac4) 170% 170 1704 | Hartman Ac2).. i9% 47w 49y | Hartmn B(1.20. 5a% oo bow | Hershey Corp. .. S0r oo 93| Hershey pti4). . Hoe & Co A. L Holind Fur 123 Houston Oil. ... 18% | Howe Sound (4. Hudson Mot (5) . 16 | Hupp Mow(12). [ 7 81% 8l% 91% Gen Cable A g5 97 176" | GonEBlec sp(60e) 1281 127 Gen G & EI A(8) 33 2% 33 Gen Mot (New). o % . |GenRysSik(b).. 61% 59% f 1673 | Gimbel Bros. 179% 176 179 | Gopel (Adolph) . 624 61% 61% | Gogarich pf (7). . 52 |Gotham(t23). . 101 | Granby.Mind4). Grand Un pf(3). Grt North pf(5). 35% | Gri Wn Sug 2.80. 56% 56 ult Mo " 198 196% 198y | U1 Mo & Nor 62 G0 60y | Helme G W(5).. 11% 11% 113 | Hershey prof(6) She o 38| Householdi14). . 44y | Hud Man(23). . Tilinols Cen(7). . Ind Oil (14). Indian Mot (1 14% 14% 84% 84% 99% 97% % 12 121 121 46% 4b% 6% T6% 1% 11% 168 164% 57 55 6% 6% 2% Tl 69% 69 89% 88% 168 168 57% 55 Inland S(k16% ) Inspriration Cop. 98% | InterboroRapTr. 1% | Int Harvi36) . Int Harv pf(7). Int Mtch pf 3.20, Int Mer Marine Int Mer Mar p Tnt Nickel (3) Inter Nick pf( Int Paper(2:40. Int Paper pf(6 IntPap cfs(2.40) In Pap pf efs(7). Int Ry Cent Am. Int Tel & Tel(6). Interstate D S.. Intr Dep S pf7.. Intertype(t1ts). Island Creek(4). Jewel Tea (15).. Johns-Manv¢3). Jordan Motor. .. Kan City South. Kaufmn DS 1%. 35% B4% 44% 43% 62% 62% 172% 172% 0% 69 8% 8 10% 10% 45% 44% 158% 151% 95 934 5 74 3% 8% 119% 117% 45 4% 9% 8% 44% 157% 94 % 3 118% 45 9% 4613 46 4 419 412 4% 43 20 19% 104% 103 31% 31% 7% 15 19% 19 27 26% 19!‘1 Keith-Al p£(7).. Kelly-Spring. . . Kelly Tire §%pf. Kelly Tire 8%pf Kels Hayes(2)-. Kelvinator Corp. Kinney (G R) Kolster Radio Kraft(glig) Kresge(11.60) Krasge Dept 8 Kreuger & Toll.. Kroger Gro(e1). LagoOfl......e0 Lambert (16%). Lee Tire & Rub. Leh Por Cmt 2% Lehigh PC pf(7) LehighVal(3%). Lehn & Fink(3). Life 8av(1,60).. Lig Myers(15).. Lig & Myrs B 15. Lig & M pf(7)... Lima Locomtve. Liq Carb (t4%). Loew's Inc (2).. Loew's pf(6%).. Loft R Loose-W(1.60) .. Loriilard Co. ... Loritlard pg(7). Louisiana Ofl. ... Louts GasA 1.75. Louls & Nash(7) 129% 129% Ludlum $t1(2).. e MeAndrews 2.60. 233 McCall Corp(3). i McCrory B(2)... McCrory pf(6). Melntyre P(1).. McKeespt Tin Pl Mack Truck(6). Macy Co (2)..:. Mad Sq Gar(2).. Magma Copi(3).. Mallison & Co. ... Manat! Sugar pf Mandel(2%). ... Man Elec Suply. Man EI m2g(d5) Man Shirt2)... Maracaibo Ofl. .. Market St prior. Marlan Ofl...... Marlin-R(13%). Martin-Parry... Mauthieson(6). .. May Dept S(4).. Maytag (1%),.. Maytag pfe3)... Melvjile Shoe(1) Mengel Co. ., ... 5% 5% 5% | Mexican Seabs 16 15% 16 |Miami Cop(1) 28 22 22| Mickessn&Rob. 17 6 3% 6% | Mid-Continent. . 69% 68 63 |Middle States. .. 138! 136% 138% | Mid States ctfs. 60% 60% 60% Midland pfitid) 90% 150 145 133% 132% 101%.101% 108% 108% 54% 51% 64 62% 130% 128 114% 106 2% 2% 169% 168% 61% 57 4% T4 1284% 127 106% 106% 3% T0% 98% 97 2% 2% 51% 49% 89 ‘88 88 121% 120% 120% 86 86 86 17 55 5 88% 87% 87% 801 297 300 23 21 21 81% 81 81% 16% 17 | Mickessnpf A 7. 60y €1 40 40 194 194% 132% 132% 58 &8 202 202 16% 4% 28 8% 119% 6l 9BY 431% 118% 185 5 109% 107% 12 3814 107'% 93% % 46% 92 31% 61% 44% 20% 95 60 12 69% 65 81% 494 9% 4T% 21% 12 86% 62% 181% 11% 180% 11% 65 66 9 79 122 122% 96 216 100% % 118 52% 93% 29 52%. 114% 803 % 81 111% 111% 83 83% 100 9% 85 . 43% 80% 90% 35% 58% 17 117 82% 83% 106% 108 103% 104% 29 29 82% Kennecott(6)... 1 1% 17% 164% 164% 92% 93% 2% 49% 62% 34 4 55% 4% 6% 6% 4% 4% 234% 287% (% 39 39 194% 130 19 % 5% 4% 234% A 57% 202 16% 4% 28 8% 6% 97T% 431 118% 188 56% 1% 556% €(%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 {5 Moon Motor. ... Mother Lo(30¢). Motion Pic Corp. Motor Meter A. . Motor Whi(t2% Mullins Mfg.... Murray Corp. Nash Motrs(16). Nat Acme(sta).. Nat Bellas Hess. NatBHess pf(7). Nutl Biseuit(t7) at Dalry (13). Nat Dept Stores. Nat Distillers. .. Nat Jinamel &S. Nat Pow&Lt(1). Nat Radiator. .. Nat Supply (16). Nat Tea(4)..... Nevada C(1%).. N Y AlrBr(3).. N Y Central(§).. N Y C & StLi6). NY CStL pf(6). NY NH& H (2). N Y Ont&Westn. Norfolk South. . Norf & Wn(110) NorAm b10%stk rAm Ed pf(7) North Pac(5)... Nor Pac efs(5). Norwalk Tire 01l Well Supply Omnibus. .. Omnibus pf (8 OppmCollins(f4) Otis Elevatr {8. Otis Steel Owens Bot( Pacific Gas(2).. Pac Lightg (3).. Pac Ol Stubs. .. Packard M 15% . Pan-Am Petroim Pan-Amer Pet B Pan-Am Wn B. . Panhandle. ..... Paramount-F-L. 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. Penn R R(3%).. People’s Gas(8) . Pere Mara(8).. Pere Marq pf(5) Phila Co pf(3).. Phila & RC& 1. Phil Morris(1).. PhillipsPet(1%) Plerce-Arrow. ... Pierce-Ariow pf Pierce OIl. . Pierce Ol pf.... Plerce Petroim. . Plllsbury (+2.10) Pillsbry pt(6%) PittsFtW pf (1 PortoRicoTob. PortoRicoTob! Postal T&C pf 7 Postum(3). Pressed Sti Cai Pt 8t Car pf(7). Produ & Refinrs. Pub Serv NJ(2), Pub Serv pf(6).. Pub SE&G pf(6) Pullman Co(4).. Punta Aleg Sug. Pure vil (1).. Purity Bak(3) Radio Corp. . RSCefs(4).... ReadingRy(4).. Reading 18t(2). Real Silk Hos. .. Remingtn-Raugd. Rem-Rd 24(8) | Reo Mot (11% ). Rep 1 & S(4).... Reynolds Spngs. ReynldsTobB(5) RhineWE(1.92). Richtield O1l(2). Royal D(a3.222). St Jos Leaa:(13). StL & SanF'(18). StL&SanF pf(8) StL&Southwest. 1 Sears-Roe(32%) Seneca Copper Shattuck FG( Shell Un(1.40). Shubert The(5) Simmons Co(3) Simms Pete. Sinclair Oil. Skelly O1(2). St -Shef (6) Sloss-Shf pf(7). 1 Snider Packg Co SoPoRicS 2% South Calif Ed. . South Dairies A, South Dairies B, ) 8td Com To(f1). SUG&E (3%). Std G& E pfi4). Std Milling(5) ... Std O of Cal(13) StdOiINJ(11%). StdOIINY(1.60). Std Plate Glas; StdSanPro(1.68) Staniey Co. . Stewart-War(6) Strom Car(2),.. Studetaker(5).. % | Submarine Boat. 237% Sun Ofl (g1).... Superior U1l . Superior Steel, . Symington Cl A, Telautogh(80c). Tenn Copper(1). Texas Corpn(3). TexasGulfSul(4) Tex Pac C & Oil. Tex Ld Tr(new) Thatcher Mfg... -60) Tidewater AsOil TIIWASOIIpt(6) TidewatrO(80c) Tide W Ofl pf(5) Timken R B(6). Tobac Prod (8). Tobac Prod A(7) Transcont Oil, .. Undwd-El F (4) Union Carb¢6).. Un Ofl Caly2)... Union Fac(10), . Unlon Tank(5).. Un Pacific pf(4) Utd Biscuit 1.60. Utd Cigar 8t(1), Utd Cgr 8t pf(6) Utd Elec Coal. .. Utd Fruit(t535). Utd Paperhoard. U S Cast Ir Pips US CIP 1st 1.20. U S Distributing U S Hoffman(4). 8 Alcohol(5). . Alchobol rts Leather. ... Leather A. . Lea pr pf(7) Realty(4) .. Rubber..... Rub 1st pf.. Smelt(3%). U 8 Steel(7).... U 8 Steel pf(7).. Uni Leaf Tob(3) Univ Pipe & Rad Util P&L A(e2). Vanaditum (14). Van Raalte. . Vick Chem(4)... Victor Talkg(4), 1 u u u U u u u u u wnwnRRR® 2% 78 . 26% NEW YORK STOCK EXCHANGE Private Wire Direct to The Star Office. 128% %|Market Moves Higher ISTEEL ISSUES LEAD INSTOCK TRADING in Early Dealings, but Ac- tivity Is Less. BY GEORGE T. HUGHES. Special Dispatch to The Star. | NEW YORK, November 15—Some- what chastened by the knowledge that the weekly statement of brokers’ loans to be given out after the close was almost certain to show a large increase, speculation in stocks proceeded this morning at a more moderate pace. The turnover was almost as large as in the preceding session, but the market lacked the wild character it had dis- played and net changes, even in the h priced leaders, were not as large. Individual issues made new highs at the start. The steel stocks were among the leaders. United States Steel above 170 was at & new top, and although the advance brought in heavy realizing it held fairly well. Bethlehem Steel was outstandingly strong, making a new peak above 73. Resumption of divi- Y dends on Bethlehem has long been redicted and it now looks as though he prediction would be realized. Re- public Iron & Steel and Sloss Sheffield, the last named neglected of late, par- ticipated in the improvement. In the mail order group National Bellas Hess was the feature. The stock had gone up 13 points the day before and it added to that gain at the open- ing today, crossing 170 to the best since listing. Another stock which had been a favorite yesterday was Westinghouse Flectric, and it too pushed ahead vigor- ously today for a gain of some 4 points, crossing 132, a new record. Motor stocks were irregular. Hudson, which had gone up so fast the day be- fore, met profit taking. Mack Trucks dropped back below 100. Chrysler and General Motors held their own in the early trading, but did little more. Stewart Warner fluctuated around the preceding close, although i% did make a new high at the start. The old standbys, Radlo, Montgomery Ward and Sears Roebuck, worked lower as speculators transferred their atten- tion to new favorities. The oils were well bought at moderately higher levels. Standard Oil of New Jersey bettered its previous high by a fraction and Na- tional Supply moved up under the im- petus of the favorable third quarter earnings statement, The Tobacco shares were taken up today. Universal Leaf advanced easily :n I;’ sma:l zumov:r lr;mi what appeared 0 be Investment bu came into American Tobacco. v The rails were quict and little changed. Northern Pacific was in de- mand for a time, surpassing the best previous price for the year, above 106. Money renewed at 6 per cent and the tone was firm. There was some calling of loans by the banks in connection with midmonth requirements. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., November 15. Potatoes, white, 100 pounds, 75al.0( sweet potatoes, barrel, 1.50a2.75; bush 50al.15; yams, barrel, 2.15a2.75; bea bushel, 3.50a4.50; beets, 100, 4.00a5.0 broccoli, bushel, 60a75; Brussel sprouts, quart, 12%5a25; cabbage, 100, 2.50a5.5 carrots, 100, 4.00a6.00; celery, 1.25a2.50; caulifiower, crate, 1. 2.50; kale, bushel, 50a60; lettuce, bushel, 75a1.50; onions, 100 pounds, 1. a4.00; oyster plants, 100, 6.00a7.00; parsnips, basket, 50a60; peppers, ach, busha!, 50a75; tomatoes, crate, 2.50 83.00; turnips, basket, 25240; Sayo; cabbage, bushel, 90a1.15; apples, bus| 75a2.00; cranberries, box, 3.00a4.75; grepes, basket, 40a50; pears, bushel, 1.25 23.00; grapefruit, box, 2.00a3.50; oranges, 23:5;5 2.5025.00; Kiefer pears, basket, § Dairy Market. Poultry, live—Young turkeys, poun 45a46; old, 35a40; Spring chli!e!?: Wd; 29; Leghorns, 20a27; old hens, 23a29; Leghorns, 20; small r, 18; old 21 5; small and Eoiy e ngem zo:zsli_ %lnen fowl, 3 ; ns, pair, 30. Eggs—Recelpts, 1,007 cases; native and nearby selected whites, free cascs, dozen, 52; firsts, 47; current receipts, 42a45. nd fancy creamery, pound, 46a52; 3 .fxzn.';:.y blocks, 5‘:&{ 52; ladles, 35a38; store-packed, 34; process butter, 43a44. Hay and Grain Piices. Wheat—No. 2, red Winter, garlicky, Spot, 1.34'%; November delivery, 13415, Corn—No. 2, export, December de- livery, 96; No. 2, yellow, 1.00a1.01; cob corn, 4.25a4.50 per barrel. Rye—Nearby, 1.10a1.20. Hay—Receipts, 10 tons. demand, which is being supplied most- loads being received. enough business passing to establish prices on the various kinds and grades and all lrrl;lll.i:ssfleal lsgrl%tly on merit at a range of 00218 5 er ton timothy and clover hay. 2 2 Straw—No. 1 wheat, 11.00a12.00 per ton; No. 1 oat, 12.00a13.00 per ton. e Lead Association Formed. NEW YORK, November 15 (#).— Lead Industries Association has been organized by producers and consumers of ledd to promote service and sf in the lead industry. e Va-Caro Chem. . Vir-CarCh pf(6) Vivaudou Co. ... Waldorf(1%) Walworth(1.20). Ward Baking B. Warner Bros Pic Warner PicA. .. Warner-Qu(2)., Warren Bros(4). Warren F&Pipe. Web & Heil. ... West Dairy B. .. West Maryland. West Pacific. ... West Pacific pf. West Unlon(8). Westhse A B(2), Westinghse(4 Weston Electr Weston A(2 White Eagle(2). White Mot(1). .. WhitRek ofs(2). White Sew Mach Wilcox Oil & G... 17% BT 17% 244 23% WilsonCopf A. . Wilson & Co pf. Woolworth(5).. Worthn Pump. . Worth Pump(A) Worth Pump(B) Wright Aero(2), Wrigley (13%). Yale&Twne(15). Yellow Truck... Young Spring.. 55% 564% Youngstn Sh(5). 99% 99% Hourly Sales on N. ¥. Market. Ila.m, 934200 12m...1613800 1p.m, 2,486,800 2 p.m. 3,240,500 Dividend rates as annual cash payments based on f-vearly declarations. less “than 100 lus 4% in stock. § P 1/35 in 1 192% 5% 66 36 tly o stack. 3 L au 2 k. m Payable 1/10' share auarierly in wmd-' stoc] United Gigar Stol Trae Clr Tes common stock. B Plus =4 duction of Ford automobile bodies. Oats—No. 2, white domestic, spot, 54 | & 255; No. 3, white domestic, spot, 52453, | & While hay |G is arriving here in limited qulntltleg Potor only, it is more than ample for the ot ly hy truck from nearby points, few car- W There is not | Wash! given in the above tanie , beqs: MARYLAND CROP YIELDS | REPORTED- SUBNORMAL For the mtnlg:n the ysle d of Mary- land crops is , says 8. R. agricultural statistician. Reports farmers on November 1 show all crops except potatoes, sweet potatoes and hay below 10-year average yields. Wheat was not up to normal, according to pre- reports. v“zl‘!l-lse c}’?’rp season has been unfavor- able. June was cool and wet. Tem- perature and rainfall in July was about normal. August, the month during which most of the damage to growing crops occurred, was the wettest in 1% years. There were several heavy rain- storms during the month, and one particularly bad windsto:m on the 11th and 12th did widespread damage. Sep- tember followed with above normal rain- fall and subnormal temperature. An- other storm on the 18th-19th caused further damage along the Eastern Shore and in Delaware. The estimated production of corn i about 20,000,000 bushels, which is about 87 per cent of the five-year average. The quality of the crop is reported a: 3 r cent, which is just 3 points below the 10-year average. Corn wa: not uniformly bad, however. In parts of the State, through the central por- tion, high merchantable quality wac reported by some farmers. ‘Apples on November 1 were reported at 3’2 per cent of a full crop, indicat- ing a total production of about 2,184.000 bushels. Carlot shipments up to No- vember 1 of apples have continued wel! above a year ago. Quality of the applc crop is reported at 72 per cent, as com- pared to 67 per cent last year and 77 the 10-year average. Winds and hail did much damage to the crop thic Pears are reported at 47 per cent of a full crop. The indicated produc- tion is the same as last year, but the quality is lower. For the United State: the production is about 30 per cent larger than last year and 12 per cen: larger than the 10-year average. Qual- ity at 81.8 per cent is about 5 pointe below the 5-year average. Potatoes turned in a large yield on ar increased acreage and quality nearly up to the 10-year average. Due to th: heavy competition on the market dur ing the marketing season of the early CIop GTOWerS got Very poor returns. ‘Tobacco is pcor. The preliminary yield is low and the quality of the crop about 10 points under the 5-year aver- age. The tcbacco crop was probabl more serjously damaged by the weather during the season than any other singlc crop. POTATO MARKET STEADY. CHICAGO, November 15 (United States Dcpartment of Agriculture).— Potatoes—Receipts, 87 cars; on track, 341 cars; total United States shipments, 660 cars; trading slow, market steady: Wisconsin _sacked round whites, 80a95, few 1.00; Minnesota and North Dakota sacked round whites, 80a90; sacked Red River Ohios, 90a1.00; occasional fancy, 1.05; Idaho sacked Russets, small to medivm, 1.5021.60; medium to large, 1.60a1.75. Obtain $506,000 Bond Issue. BALTIMORE, November 15 (Spe- cial) —C. T. Willilams & Co,, local in- vestment bankers and New York firm jointly, were succesful bidders for a new issue of $500,000 State of West Vir ainia State highway 4 and 41, per cent bonds. The securities mature from 1943 to 1948, inclusive. Public offering of the issue is beinr ma'ii;. on a 4 per cent and 4.05 per cen asis. Leases Space. NEW YORK, November 15 (#).— Briggs Manufacturing Co. of Detroit has leased considerable space in the Ford Highland Park factory for pro- Washingon S;ock Exchange SALES. Potomac Electric 514% pfd.—10 at 109. ‘Washington Gas Light—19 at 105, 10 at 105. Riggs National Bank—4 at 570, 1 at 579, 10 at 570. Riggs National Bank warrants—70-265 n: gfg. 125-265 at 320, 2 at 316, 30-265 at 315. Natidnal Savings & Trust Co—10 at 505, 10 at 505, 20 at 505. Mergenthaler Linotype—5 at 100%, 20 at 100%5. National Mtge. & Inv. pfd.—300 at 5%, 20 at 5%. AFTER CALL. Washington Rwy. & Electric pfd.—10 at 99%, 20 at 995, 5 at 99 9915, 15 at 99%%. Chestnut Parms Dairy pfd.—5 at 109. UNLISTED DEPT. Chapin-Sacks 8% pfd.—15 at 107%. Bid and Asked Prices. Amer, Tel. & Telga. 4% Amer, Tel, & Telza. 413s. L ctl. tr 5. Anscostia & Pot. K. R. na Gas 6s, series' A’ Gas. 65, serles B MISCELLANEOUS. Barber & Ross, Inc.. 6% Chamberlain-Vanderbilt 6% Chestnut Farms Dairy 6'2s Chevy Chase Club 5%s. D.\C- jPaper Mic 65, . Pot. " Joi Ld. oin! 5 h. Mkt Cald Storas PUBLIC UTILITY. Amer. Tel. & Telg G Capital Traction Co. 16en i, 13w iidis ;,108%.109% a0 ... 99 ior Potemac Elec. 6% Polomac Elec’ 5127 pfd. Wash Rwy. & Elec. com Wash. Rwy. & Elec. pfd. ... NATIONAL BANK. pital Metropolitan. econd . B Naticnal Bank ‘of Washinston. TRUST COMPANY. American Secur. & Trust Co.. 4 Continental _Trust... Merchants” Bank. .. Natlonal Savings & Unlon Trust... ... Washington Loan & Trust SAVINGS BANK. Bank of Bethesda. Potor ni ates ! Washington Mecl FIRE INSURANCE. J Firemen's """ National ® Unios TITLE INSURANCE. Columbia Title ' Filihe e Wash “Cons F3iie oid MISCELLANEOUS. larber & Ross. Inc.. com.... .. '{ Cl Gt Y ('of d & Gr Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutaa) Aenefit Life tns (o 1520 ‘FINANCIAL. ations. - | | Fealtors Main 478 1 10th St N.W. K Street ral-American. o7 anston. Monotype. shares. us | 3 ‘Wondward & *Ex-dividend- TP GUESSWOR Falling Leaves The o'd saying, “All wealth comes from the soil,” is made more evident to us at this time of the year as we watch November winds sweep the last of summer leaves back to the earth from which they came. Also it brings home to us the reason for the solidity and safety of the_ First Mortgage Invesiments issued by Swartzell, Ricem & Hensey Co. For these notes have, as their se- curity, the very soil underlying the Nation’s Capital, which, from year fo year, steadily increases in value as the population of Washington in- creases. And as this value grows, the margin of safety behind these notes likewise widens. You may share in this innate se- curily of your Capital city, for these notes are always available in as small ‘encminations as $100 and, at present, they pay interest at o To. SWARTZFLL, RuEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.W, WASHINGTON D.C. AYING THE STOCK MARKET is a hazardous bucinecs. Yeu get a “hunch” or a “tip” that this or that stock is going u» and you buy, but it’s purely “gucsswork.” Buying clotkes by the price tag is also guesswork. An allaring price shouid ke a forewarning of uncerizin materials or workmanshin. Judzing thz real value ef some ready-made clothes is pure’y guw werk. There’s certa'nty in cusiom tailored clothes when kacised by the thorcugh in- tegrity of an old estadlished houce. Selest a quality ‘fabric whore the many ratierns offer a wide range of cholce. Our custom tailors will {aka carz of 3c'h styls and fil. ELIMINATE GUESSWORK Under the modern method of accumulating a substantial reserve fund for the future, invest $20, $30, $40, or more each month in 6%42% bonds offered by The F. H. Smith Company, with the interest on each bond rein- vestcd at the same rate. By this plan you can accumu- lte an interest of approximately $5,000 — $7,500 — $10,000 or more in only 240 months. This is more than double the principal invested. 6% % Compounded Semi-Annually The interest from your first bond helps pay for another. Soon you have interest on two bonds helping you pay for a third; interest on three bonds helping pay for a fourth, and so on. An ideal plan for the average investor. 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. .. Main 6460)_ Branch ofices in— New York—and Other Cities zal Estate Loans miseiopa. Tpromet teshes to i o= We ean assist you in refmanéing Thos. E. Jarrell Co. Main 168, K [T TR