Evening Star Newspaper, November 20, 1928, Page 14

FINANCIALY 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 Incorporated Paid ap Cash ! PRES RESTEADY ON EXCHANGE HERE Metropolitan Bank Stock Is Higher—Plans for Commercial 1t BY EDWARD C. STONE. COMPLETE FINANCING | . Ist & 2nd TRUST MONEY On homes, apartment buildings and business properties. No apprai- sal fee. Prompt service. | | Real Estate Mortgage & Guaranty Corp. | 24 Jackson Place Main 1403 Why 67 Interest When You Can Get 15 We are offering small prop- jes, well rented and ex- Bonds and bank stoc's were prom- inent in dealings on the Washinzton Stock Exchange today. National Metro- politan Bank stock, which has not ap- peared on the board for some time, came out today st 405, a gain of five points over the last previous sale. Riggs Bank stock at b and the warrants around 315 and 316 were again chang- ing hands. Federal- American National sold at 336. Washington Gas 5s opened the bond trading, selling ot g 105%. Rallway & B Electric 4s moved at 91%, %% and V.. Railway & Electric Fioya E. Davis. General 6s sold at 102', and 102, in a $5,000 turnover. Potoma= Electric 6s opened at 10712 i anA closed at 107%. In the stock division Washington Gas opened at 1053, went to 106, and closed at 1057, 70 shares changing| hands. Capital Traction registered 1065, Sand & Gravel preferred moved at 91%,. Lanston at 118 and Mergeu- thaler at 101. The closing sale was 100 shares of National Mortgage & In- vestment preferred at 5%. It was al noted that the annual meeting of the exchange takes place tomorrow. First Forum Dinner Announced. “The Factor of Credit in American A Am Am 1 THE EVENING STAR.. WASHINGTON, D.. C. TUESDAY, NOVEMBER 20, 1928, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Owing to the tremendous market in New York, the following tables are closed at 3:30 p.m. Final quotations are unavailable until the 5:30 edition of The Star. Forum. |abranmestrans Abitibi Pow 4). Avitibi Po pfi6) C. & 0. Earnings Gain. - 7| 5y wumer. . Adv Rumley pf. Ahumada Lead.. Air Redetn «13). Ajax Rubber . Aiusks Junea Albar Alljes Allied Cm pf Allis-Chalm(7) . Amai Leather pt Amerada(2). ... Am Agricul Chm Am Azri Ch pf.. Am Bk Note 12). Am Beet Sugar. Am Bosch...... Am Br Sh(J1.60) Am Brown Bov., Am Cani2)..... Am Can pfi7)... AmCur&Fdy(6). Am Chicle (2).. Am Drug(80¢).. Am EncauTil(3) Am ISxpress(6). Am & For Pow.. Am&ForP pf(7) Am&For P24 7. Am Home Pr(3) Am lce(t2%). .. Am Internatl(2) Am LaFr&Foam Am Locomot(8). Am Loco pf(7). . A Machine (5% Papr(2). “hem. m Metalsi3). . Nat Gas. no AmP&L (I, Am Pow pf(sta) o | AmPotL pr(e). | Am Radiator(8) Am Ry Exi6)... Am Seating(3).. Am Smelting(8) Open. High Low. 3:30. 114% 114% 114% 114% 39% 7 50% 108% 84% 42% 181% 8% 4 103% 176% 5l% 3% 16% &3 854 102% 190% 129 3% 0% 33 Elec Auto L(4), Llectric Boat. .. 'Eucl'ow&l.l(l). E'ec Stor Bat(5) Elk Horn. End-John(5).... Eng Pub Ser(1). Eng Pu S pf(3). Equit Bidg(2).. Eureka Vit%).. | Fatrbanks(3). .. FedLight(h1.40) Fed Light pf(6). Pedera M & Sm., Fed MotT (f8c). Fidelity-Phoenx First NatS(1%) Fisk Rubber. ... Fisk Rub st pf. Fielschmann 3). Florsheim (A).. Foundation Co.. Fox Film Ac4).. Freeport (615). Gabriel Snub A.. Gardner Motor. . Gen Am Tnk(4). Gen Asphalt. ... Gen Asph pf(5). Gen Cable...... Gen Cahle A(4). Gen Cable pf(7). Gen Cigars(4). Gen Elec(t5).,. GenElec sp(6ic) Gen GasA(olls) Gen Ice Crm(3). Gen Motors 191 2 Gen Mot (New). Gen Mot pf(7).. GenOutdrAd(2). Gen Outdr Ad(4) Gen Ry Sig(8).. Gen Refrac(x),. “iillette S R(c5). G'mbel Bros. Ghdden Co Gobel (Adolph Gold Dust (5). Goodrich(4) Goodyear T Goodyr 1st pf Gotham(32%).. Gotham n v 12% Open. High. Low. 111% 112 111% 12% 12 40% 40% 9% ™ % 48 93 a2 Y% 83 i 105% 61% 184 11% 3% 102% 211% 865 3:30. 1 111% 12% 41 34Y 107% T 118% 30% 60 B2% B3 101% 83% Nat Radiator... Nat Supply (16). Nat Teatd)..... Nevada Ct1%).. N Y AIrBred).. N Y Central(8). NYC&StLI6). NYNH&H (2). NY, NH&H pf(7) N Y Ont&Westn Norfoulk South.. Norf & Wn(110) NorAm b10%stk NorAm Ed pf(7) | North Pa Norwalk Tire. Omnibus, Ommibus OvpmCollins(r4) Otis Elevatr 18 Otis Steel. .. Otis Stl pr pf Owens Botict4). Pacific Gas(2 Pac Pac 01 Stubs. . . Packard M 153 . Pan-Am Petrolm Pan-Amer Pet B Pan-Am Wn B.. Panhandle. ... .. Paramount-F-L vark & Til($3) .. Park Utah(80c). Pathe Ix. . Pathe Ex(A) Patino M(2.5%) Peerless Motor. . Penick & Ford Penn C&Coke. .. I'enn Dixie Cmt. Penn R R(3%).. Peoria & East. . Pere Marq(18).. Phila Co pf(3).. Phila& RC& I. Phil Morris(1).. PhillipsPeu(l i) Plerce Uil. .. Lierce Oil pf Plerce Petrolm.. Pillsbury (12.10) Pillsbry pt(6t) Pitts Coal. Pitts Coal pf Pitts Term Coal. on. 17% 129% 340 36% 43% 184% 130 2% 118% 27 5 193% 86% 101 14 100 90 1% 120% 52 55 18 15% 53% 97 10% 76% 146% 5274 314 . Low. 17% 129% 340 3:30. 1% 130 350 | ceeded 3,000,000 shares, or STOCKS 60 HIGHER | INAGTIVE TRADING Market Swings Upward at Opening—Du Pont and Radio Are Features. BY GEORGE T. HUGHES. Special Dispatch to The Stur. NEW YORK, November 20.— Eclipsing | 1l previous performancas, specuiation on the New York Stock Exchange to- day presented the most amazirig spec- tacle yet witnessed in all this great bull market. Not only were the advaaces violent beyond all precedent, but the tacilities for trading were hopelessly swamped. Up uniil 1 o'clock there had been re- corded on the tape sales of 2,785,200 shares, but as a matter of fact ai noon on the floor the actual trading had ex- which, if kept up, would mean a total of 17,500,000 shares. In midafternoon the tape was 95 minutes late. Up until today the record for volume was 6,733,500 shares, made on last Friday. Radio was again the star performer. It rose by leaps and bounds. It had jumped 30 points net Monday. Today selling in_ the fourch hour at 368 it was up 36!2 points more. Apparently there was no limit to the price unfor- tunate shorts had to pay. Gains Are Striking. ‘There were numerous other striking gains. Wright Aeronautical at 218 was up 11 points. Curtis Aero at 147% was up 9 poinis. Greene Cananea above 174 was up 8 points. Nor were these excezptional. More or less the majority of industrials participated. When profit-taking brought minor re- actions in this part of the list, specu- lation would shift to the rails anc thesz would bz whirled upward. Heavy profit-taking in the last hour carried prices down not only from their early highs, but in a few instances to . a rate | FTINANCI HOOVER TRIP TO AID AMERICAN BUSINESS| President-Elect Will See Practical | Side of Big Trade Relations. | Spectal Dispatch to The Star. | NEW YORK, November 20.—Her- | bert Hoover, long familiar with the statistics of South American trade, is to meet the practical side of it in his | South American tour. Until the President-elect decided on this tour most Americans, not connect- ed with South American business and trade, never stopped to realize its rowing importance in American trade. In 1912, just two years before the World War, America haa approximately $183,000,000 invested in all South America. Just 16 rs_later—at the beginning of 1928—the figure had in- creased twelvefold and stooC at $2,215,- 000,000. When the total investments in South America are recorded for this year the figure should stand at not less than $2,500,000,000. During the same time United States trade annually with South America has pushed ahead from $328,000,000 to $959,000,000. However, South America still sells more to the United States than the United States sells to South America. But the spread is narrowing. In trade expansion with the United States Colombia leads, Venezuela next, than Uruguay, Argentina, Peru, Chile and Brazil, in the order named. Bolivia and Paraguay also have moved ahead rapidly. In number of American investments in South America Chile holds first place with approximately $520,000,000, then Argentina, $484,000,000; Brazil, $447.- 000,000; Colombia, $211,000,000; Vene- zuela, $172,000,000; Peru. $150,000.000. Other South American republics have recelved additional millions, all invested during the last few years. From the standpoint of American business in South America, important trip has been undertaken by any President than the one Herbert | Hoover started yesterday. —e | = st Machine Tool Demand. no more | AL Mortgage Money Loaned At Low Interest Rates " Tyler & Rutherford Representing Matnal Benefit Life Ins. Co. 1520 K Street Main 475 Money to Loan Secured by first deed of trast on real estate. Prevailing interest and com: seph 1. Weller STORAGE OR -TRANSFER e CALL: | CENTRAL R Your Idle Money Invested in Our | First Mortgage Notes Will Pay You 6% Secured on High-class Property in Washington and fts environs You may buy the entire loan or In Denominations of $250 and upwards 283% 5 | PILts& WVa(6).. 154% 6674 4% PurtoRicoTobA. 76 PortoRicoTobB. 29% Postal T&C pf 7. 103% Postumi3)..... 69% Pressed Stl Car. 22% 280% | Gould Coupler A 67 | Graham-Paige 87 | Grhm-Paige cf: 88% Granby -Min(4). % 85! 198 | Grand F&W (1) 9% 179% | Grand Unon, . show losses on the day. The tape fell | farther and farther behind untli it was 105 minutes late. Among the stocks on which realizing converged wers Montgomery-Ward at 417, oif 3 points nei; United States NEW YORK, November 20 (#).—In | more than one machine tool center the demand for equipment was more active | ) in the past week than earlier in thc?% bS Business,” one of the livest .topics in the world of finance just now, will be discussed at the first Fall forum of Washington Chapter, American Insti- | Am Tel & Tel(9) tute of Banking, which is to take place [ Am Tobacco:8). at the Raliegh, Wzdnesday, Decem- | Am Tobac B(8). Am St} Fdys(3). Am Sugar...... Am Sumatra (3) well Iocated that shew returns of more than 15% net on money invested. For full information call Realtors 1417 K St. Main 9300 month and conditions generally appear n to be satisfactory,sAmerican Machinist | J. Dallas Grady 904 14th St. N.W. Main 6181 Office open until 9 P.M. ety LOANS | On Improved Property in Maryland and District of Columbia 6% Interest No Commission Charges EAVER BRO e REALTORS 809 15th Street N.W. Main 9485 Mortgage Loan Correspondent Metropolitan Life Insurance Company | J How Much Have You to Invest? Your surplus funds may be extremely mod- est, or they may run into many figures. Re- gardless of size, how- ever, no sounder in- vestment can be had for inactive money than our First Trust Notes on Maryland homes with a guaranteed yield of 6%. Booklet and full infor- mation on request OFMagyL 0o 923 15th St N.W. 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,£00.00 ber 12. 1. J. Roberts, chairman of the com-|A been engaged to make an address on follow. Mr. Miller is a brilliant speaker, was heard here on several occasions|a drawing card. His appearance here success. National Bank; Frederick H. Cox, Com- | A Esther R. Lau, Riggs National. Bank President Highly Honored. Few bankers in Washington have been more higaly honored by their as- A, soclates in the profession than Floyd E. | 4, Davis, president of the Lincoln Na-|a tional. In addition to being at the head | A, of this solid financial institution, Mr. Davis is a director in three other banks, | namely, the Washington Loan & Trust the Bank of Commerce & Savings and the Bank of Bethesda. His services are also bemng utilized by several other financial and philanthropic institutions, all of which have profited to a marked degree by his experience and interest. The officers with whom he is asso- ciated at the Lincoln National include Albert S. Gatley, executive vice presi- dent; John W. Brawner, W. McK. Siowell, H. T. Offterdinger, vice presi- A B B B B B July 10, 1913. Record Bond Meeting Assured. The. “first call for lunch” for the the Carlton Hotel. nected with Moody's Investors’ Service. Mr. Clay addressed the same club two i years ago and proved so interesting that the club was forced to have over 1.000 copies of his speech printed to fill the demand which came in from ‘Washington and even as far away as|c, the Pacific Coast. C. C. Morgan .is chairman of the special speakers. The recently admit- | Cen Ry NJ(t12). for the first time. Institute Party Great Success. sistants were receiving hearty congratu- | C at Poli's with “The 1as the attraction. From the rise of the curtain there i highly satisfactory sum. Alfred W. Sherman was chairman of the committee, the other members be- ing I J. Roberts, T. Hunton Leith, R. Jesse Chaney and Richard Norris. C. & O. October Earnings Higher. Both gross end net earnings of Chesa- | peake & Ohio Railway for October will | | show a gain over a year 2go. It was the first month this year to show an in- crease in either gross or net, compared with corresponding periods of 1927. Pre- liminary figures show gross revenues of $11,800,009. net operating income of about $4,035,000, and a surplus after charges of about $3,465,000. The com- parative figures for October last year were respectively $11,722,016, $3,393,432 and $2,725,592. ‘Wholesale Prices Slightly Lower. A reaction from the recent upward trend of wholesale prices is shown for October by informaticn collected in rep- Conley Tinfoil index number, computed on prices in | 1926 as the base and includipg 550 com- | ¢ modities or price series, stands at 37.8 for October compared with 100.1 for September, a decrease of nearly 21-3%. | Compared with October, 1927, however, vith an index number of 97.0, an in- crease of more than 0.75% is shown. Farm products led in price declines from the previous month, due mainly to marked decreases in cattle, hogs, sheep |and lambs and potatoes. Heard in Financial District. ‘T. V. O'Connor, chairman of the United States Shipping Board, will be the principal speaker at the monthly meeting of the Foreign Commerce Club of New York Wednesday evening at the Hotel Astor. W. W. Spaid of W. B. Hibbs & Co.|¢ will leave Washington tomorrow for New York to attend a luncheon of the out-of-town section of New York Stock Exchange firms. ‘Th: Washington broker was formerly chairman of this section and is now on the board of governors, Recent favorable weather conditions are helping all lines of retall business in this territory, according to reports from the Fifth Federal Reserve District. Goods are moving well, and in many in- stances stocks are being augmented to provide for the holiday season, mer- chants report. Local . bankers are receiving invita- ium“ to the cpening of th> Straus Na- tional Bank & Trust Co, in New York Tharsdey. i @ lations today upon the brilliant success | Chi & Alton. . of the annual theater party last night | Chi % Alton pf.. Silent House” | Chi & East I1l pf Chi Great West. was nothing but action, | Chi tit West pf.. j thrills and mystery; all being presented | Chi Mil & 8t P.. by a first-class company. The audience | Chi Mil & StP pf was large and enthusiastic. The finan- ' Cil & Nwnd4).. clal returns to the chapter have not yet | Chi Pne Tocl(6) been figured, but are sure to reach a |Chi RI&Pac(6). CRI&P pI(6). CRI&Ppf(7). Chickasha(3). .. Childs(2.40). Chile Copper(3). Chrysler(d).... City St B 5% stk Cluett-Peab(5). Coca-Cola(6). .. Collias & Aikmn Col Fuel & Iron, Col Gas & EI(5). Columbia Graph Col Carbon(4).. Columb Carb rts Com Cred(1). .. Com Inv Tr($4). Com Invst(rts). Com In Tr pf 6% Com Inv (war).. Comm Solv (j8). Com Power(13). Congoleum-Nair Cong Cgrs (16) Am TypeFo(8)., . mWW&El(cl). mittee, announced today that Stephen|AmWWist pf(6) 1. Miller, executive mahager of the Na- | Am Woolen. ... tional Association of Credit Men, has!aAm Woolen pf.. Am Zine. .. this subject and lead the discussion t0 | Anaconda(4)... Andes Copr 75c. reher-Dang). while head of the educational work of | Armour Del pf 7 the institute, and is always & splendid | Armour 11i(A) Armour I11(B). make the opening meeting an assured | Armour 11l pf(7 Arnoid Con & Co In addition to Chairman Roberts, the [ Art Metal(13;) other members of th> committee Include | AssoDryG (214 H. W. Burnside, Farmers & Mechanics | Aichison(10) tchison pr6). . mercial National; T. Hunston Leith, Se-| Atl Coast L(t10) curity Savings & Commerclal, and Miss | Adl Gulf & Wi. . th Gulf pf(3).. Atlantic Ref¢1). AtlasPowder(4). Aulas Tack..... us Cred (4.49) uto Sales. ,.... uto Sales pf(3) utostrap A (3). Bulto & O0(6).... any & Ar(3%). BankofCom(18) . arnet Leather. Barnsdall A (2). ayuk Cgrs (2). eacon Oil, Beecn-Nut (3).. elding-Hemwy Belg N R pL(16). Best & Co(3) Be hiehem Steel Beth S‘uel PECT) loomingdal dents; James A. Soper, cashier; H. E. | Bon Ami A (4) Wilson, J. Everett Baird and J. FIank | gooth Fisheries, - Rice, assistant cashiers. Mr. Davis 8s-| Borden Milk(6). sumed the presidency of the bank on| prigus MrgFCo. Brockwy Mot(4) Bkiyn-Man(4). . Brunswick B(3) runswick Ter present has been issued by the Wash- [ gyoypus(1) ington Bond Club and replies already | ucyrus cv recelved assure the largest attendance ) Burns Bros(B) the club has ever had. The meeting | Burroughs(t4). will take place tomorrow noon at 12:30 | Bush Term(g2). in the largs K street dining room of | Butte Cop & Zine Butte & Sup(2). Th> speaker will be Paul Clay, an|Byer & Co...... 15 internationally known economist con-|By-Prod(12.75). Calif Pack(4)... Callahan Zine. .. Calumet&Ar(6). Calu & Hecla(4) Can Dry (14%). Can Pacific(10). 'anon Mjlls 2.80. Case Threshg(§) Cent Alloy2).. committee arranging for this year's|Century Rib M., ted 25 new members will be present|Cerro de Pas(5). Certain-Teed (4) g:rwd(l:orpn (t4). andler-Clev. . James A. Soper, president of Wash- | Chandler-Cl pf.. ington Chapter, A. I. B, and his as-|Cres & Ohio(10) & O Corpn(3). resentative markets by the Bureau of | Consul Cgrs(7) Labor Statistics, Th2 bureau’s weighted | Con Cgrs pt(7) Con Kilm pt(2) ‘onsol Gas(5). ConsolGaspf (5 C: “onRRCuba pf 6 Consol Textile. Container A Container B Cont Baking A.. Cont Baking B, . Cont Bak pf(8). Cont Can(5). Cont Insur(6j... Contl Mot(80c). G c. n Pro(isi). Crex Carpet. ... Crucrble Sti(5). CubaCaneSugar. Cuba Cane Su pf Cuba Company .. Cubun Am 841), Cudahy Pkg(4). Curtiss Aero(1). Cutir-Ham(3%) Cuyamel Fruit.. Davison Chem. . Debenhms(2.91) Del & Hud (%) ... Del L& Wit7).. Detrait Ed (rts) Devoe A (13.20). Nome Minest1). Drug Inc(4) Dunhill Int(4) Dupont (118%). Du Pont deb(6 stman( 18 Faton Axle(2). . BatonAxle(rts) Eisenlohr&Bre. . 1864 5T% 1% 55 118% 188Y% 57% 1 o8 138% 65 100% 31 3% 48% 112% 48% 110% 93% 1T% A 86% 43% 30 574 Grant WT (1).. Grasselll (2.68), Grt North pf(5). Gt Nor pf efs(h) Gt NoOr cfs 2. Grt Wn Sug 2.80 Greene Cana(4), Gulf Mo & Nor.. Gulf Stat Sti(4). Hartmn B(1.20), Helme G W(5).. Aershey Corp... Hershey pf(4).. Hoe& CoA..... Hollnd Fur 12% Homestake(17). Household: 14) Hupp Mot (f2 Illinois Cen(7). . 1nd O (144)... Indian Refining. Indian Refg cifs Indust Rayon. .. Ingersoll R(15). Inland S(k16% ). Inspiration Cop. InterboroRapTr. [nierconRubber. Internat Agri. .. Int Ag Ch pf(7). Int Bus Ma(5)., Int Cement(4).. Int Com Engi2). Int Harv(j6).... Int Harv pf(7) Int Mtch pt 3.20. Int Mer Marine, Int Mer Mar pf.. Int Paper pf(6). IntPav ofsz 40) Int Paper (A).. Inter Paper B... Inter Paper C. Int Preg Ink 2%. Int Ry Cent Am. Int Tel & Tel(6). Interstate D S. . Intertype(t13), | 161and Creek (). Jewel Tea (15).. 14 | Johns-Manv(3). 109% 31% T6% 20% 28% 199% T2% 1% 18% 644 15% 36% Jordan Motor, .. Kan City South. Kaufmn DS 1. Kayser J (5 Keith-Albee..... Keith-Al p£(7).. Kelly-Spring, .. Kels Hayes(2).. Kelvinator Corp. Kennecott(6). Kinney (G R). Kolster Radi Kraft(gll) Kresge(11.60 Krasge Dept Kreuger & T . Kroger Gro(el). LagoOil........ Lambert (16%). Lee Tire & Rub. | Leh Por Cmt 214 LehighVal(31). Lehn & Fink (). LifeSav(1.60).. Lig & Myrs B 15 Lima Locomtve. Liq Carh (t43%). Loew's Inc (2).. toew'a PE6Y). ) Lorillard Co, Loutsiana 0il, Louts GasA 1.75. Ludlum Sti(2).. McAndrews 2,60. McCall Corp(3). McCrory B(2).. McKeespt Tin Pl McKes&Ro 1.60. McKsn pf A 3% 7% | Muck Truck 6). Macy Co (2).... Mad Sq Gar(2).. Magma Cop(3) Mallison & Co... Manat! Sugar pf Man Elec Suply . Man E] m2g(d5) Man Shirt(2).., Maracaibo Oil... Marlan Oil. , Marlin-R(13%). Martin-Parry... Mathieson(6). .. May Dept S(4).. | Maytag (1%)... Maytag pf(3)... Maytag 15t nf (6 Melvitle Shoe(1) Mengel Co...... MetroG pf(1.89) Mexican Seab, .. Miami Cop(1)... Mid-Continent. . Middle States. .. Mid States ctfs. Midland pfiti2) Miller Rybber. .. Minn & St Louls. Mo Kan & Tesx. . Mo K&Tex pf(7) AMissour! Pacific. % | Missourl Pac pf . Mohwk Cur 2% . Montgmry W 15 Moon Motor. ... Mother Lo(30¢). Motion Pic Corp. % | Motor Meter A.. 96% 8 499 118% 118% 186% 188% 57% B67% 1% 1% 55 65 Motor Whi(12% Mullins Mfg.... Murray Corp... Murray Corp rts Nash Motrs(16). Nat Acme(sta)., Nat Bellas Hess. Nutl Biscuit(17) Nat Cash R A(3) Nat Dafry (13). Nat Dept Stores. Nat D St 1st(7). Nat Distiliers. .. Nat Distillers pt Nat Enamel &S. Nat Pow&Lt(l). 3 17 1145 1% 31 69% 67% 138 140% 3% 83% 140% 87% 1 b5Y% 2 4% 140% 37% B3le 29Y 136 4 102% 4 170% 194 14 78 169% 185 13% 5 30% 8% 38 115 20% 46% 18 139% 50 92% 61% 88t 20 36% 126% 34 ToW 39% 40% 9 0 95 62 91 20 36% | P1 Stl Car pf(7). Produ & Refinrs, Pub Serv NJ(2). Pub Serv pi(6). . Pub SE&G f(6) Pullman Co(4).. Pure U1l (1) 1urity Bak(3). PurityBak pf(§) Radio Corp..... ReadingRy (4) Reading 2d(2).., Real Silk Hos. Remingtn-Rand. tem-Rd 15(7).. Reo Mot (1115), Itep | & S(4) Reynolds Spng: ReynldsTobBI5) RhineWE(1.92), Itichtield O1l(2). Rossia Ins(5). .. Royal Diad 222), Toyal Duteh rts. St Jos Leaa.13). StL&Southwest. Savage Arms(2) Schulte (J112), . Seab Air Lin Seab Air L pf... Sears-Roe(1214 ) Seneca Copper. . Shattuck FG(2). Shell Un(1.40). Shubert The(b). Simmons Co(3) . Simms Pete. ... Sinciair O1l. .. Sinclair pf(8). .. Skelly Of1(2). Stoss-Shef(6). .. SoPo Ric S 121 South Calif Ed. ., South Dairies A. South Dairies B. South Paci6). Scuth Ry(8) Spang Chalfnt Spicer Mfg... Std Com To(f1). StdG&E (3%). StdG & Eptid), Std Milling(5).. Std O of Cal(13) StdOiINJ (t13%). StdO:INY(1.60). Std Plate Glass. StdSanPro(1.68) Stantey Co..... Stewar! ar(6) Strom Caf(2)... Studetaker(5). . Submarine Boat. ™ | Superior Steel Symington...... Symington Cl A. Telautogh(8uc). Tenn Copper(1). Texas Corpn(3). Spiegel Co (3)..% 89 T6% 28 T5% 1056% 108% 93% 19% 28% 128% 159 33, 124 157 52 52% 224% 62 K 45Y% 4| StL & SanF(18). 117% 121%, 40 58% 17% 20% 189 bl 136% 33w 80% 89% 26% 44% 109 41 123 42% 51% 4% 14% 43% 33 5% 66% 112 69% 534 8% 5 37% 46% 112% k(} 6% b 16% 18% 1% 8% 126% | TexasGulfSul(4) 81% 34% 136 21% 65% 99% 68 38% 93% 43% 179% 20% 25% 64% 97 23% 173% 17T% 96 127 29 93 39% 624 55 43% Tex Pac C & Oil. Tex Ld Trinew) Thatcher Mfg. .. Thatchr pf 3.60. . The Fair(2.40).. Third Avenue. .. Tidewater AsOil THIIWASOIIpt(6) TidewatrO(80c) Timken R B(6). Tobac Prod:(8). Transcont Oil.... Transue & W (1) Trico Prod(2% ) Twin City RaTr. Undwd-El F (4) Union Carb(6).. Utd Fruit(t5% U'S Distributing U S Hoftman(4). U S Alcohol(5) U S Alchohol ri U S Leather. U S Smelt(3%).. USSmpf(3iy) U § Steel(7). U S Tobacco( Uni Leaf Tobt2) Univ Pipe & Rad Util P&L Ace2). Vanadum (14). Van Raalte. ..., Vick Chem(4)... i Victor Talkg(4). Victor pr pf(7).. Va-Caro Chem. . Vir-CarCh pf(6) ' Vivaudou Co Wabash. .. Wabash pf A(5). Waldorf(1%)... Walworth(1.20). Ward Baking B. Ward Bak pf(7 Warner Bros Pie Warner Pic A. Warner-Qu(2) Warren Bros(4 Warren F&Pip Web & Heil. Wesson Oil & West Dairy B. West Marylan West Pacific pf.. West Unfon(8) Westhse A B(2 Westinghseid) Weston Electri White Eagle(2 White Mot(1). WhitRek cfs(2 White Séw Mach White SM pf(4). Wilcox Oil & G.. Willys Ov(1.20, 22% 23% 30 50 44% B4% 23% 89% 35'% 149% 106% 13% 48 43 39 81 193% 1 U S Cast Ir Pipe 16% 49% 129% 6 281 43 7 3% 129% 107% 2013 63 17 79% 94 24% 23% 15% 80% 130 39 52 21% L 28% 45% 117% 6% | Steel at 169, down 1% points, and In- 45% 117 120% 121 40 53 1% 20% 188% 5% 135% 38% 73 9% 26% 43 41 123 42% 51% 34% 14% 126% 42 53% 18% 22% % | hour, finally touching 77 %| & rise of more than 7 points and a new % 54% 404 5% 4% 3y 82 4 1944 101% 87 T3% 4 129% 56 221 834 514 27% 81y 147 4% \ 164 48% 129% ternational Nickel, at 192, down 2% points. Many other stocks lost a part of the early afternoon advance, but were still much up on the dag. Radio at 352 was down 16 points from its best, but over 20 points from the preceding close. The i turmoil on the floor was just as great and excitement in the brokerage offices just as intense. ‘The market started in strong with all the active stocks scoring gains. There were, of course, dssues which did not, participate, but even they did not sell off. On the other hand, the gains were extreme. For example, Du Pont, which had closed at 440, before noon was selling at 480, up 40 points; Case ‘Threshing Machine, which had closed at 449, was ulling at 479, up 30 point: and Radio, which performed so spac. tacularly at the close on the day beiore, had gone from 331}, to 355 for a gain of 23%; points. not by any means so spectacular, was the rise in Standard Oil of California. Normally this is a sedate stock. There are 12,594,098 shares outstanding, cer- tainly enough to go around. It closed {esterdny at 69'. Starting in slowly, it galned momentum during the first efore noon, high for the slock of the present com- pany. Then there was urgent bidding for the railroad stocks. The featurs was Northern Pacific, which ran up to 116. This was the highest price since 1916, when the siock was paying 7 per cent. Great. Northern certiiicates went along, coming close to parity with the unde- posited stock. Although it has been said that no change would be made in the dividend rate by either of these roads prior to a decision by the Inter- state Commerce Commission on the merger application, the Street today seemed to believe that soms important development was pending. Rail Shares. New York Central, Canadian Pacific, Nickel Plate and Union Pacific were other high-grade rails in favor. In the lower priced list Western Maryland jumped 5 points, Erie responded to its very favorable October earnings state- iment and Kansas City Southern swept ahead into new high ground. The copper stocks were still centers of interest. Anaconda was the leader, an insistent demand forcing the price above 114 to a new all-time high.. Chile Copper made the same kind of record above 72 and new highs were estab- lished by Magma and Greene Cananea. The last named at 172 was up almost 9 points. Most of the steels and most of the motors were little changed in the early trading. Republic Iron & Steel was an exception, with a rise of 4 points to a new top. There was further selling of Interboro stock on the postponement of ;.geccmon at Washington on the 7-cent Money renewed at 6% per cent, and was only in fair supply. The tape fell 42 minutes behind, which was not a bad ‘showing considering the apparent activity of the market. Wall Street Briefs Shattuck Denn Mining Corporation of New York and Bisbee, Ariz., reports opening of what appears to be a new ore area upon the 1,800-foot level in the Orphis clalm, about 800 feet west of the ore body discovered some time ago. The company expects to be mining from its main ore body by Spring. Stockholders of the Trans-Lux Day- light Picture Screen Corporation of New York will meet November 30 to vote on increasing the capital stock from 700,000 no-par shares to 1,000,000 no-par common shares. Stockholders will be granted rights to buy one new share for each six shares of old stock held at $5 a share. ‘Twenty-four brands of tin will be de- liverable against the contracts of the National Metal Exchange, which opens for trading December 3. Sixteen of the brands, designated as class A, will be deliverable at the contract price and eight class B brands at 14 cents per pound under contract. Newmont Mining Corporation of New York and San Francisco will receive through its ownership of 255,000 shares of Kennecott Copper Corporation $2,040,000 annually at Kennecott'’s new $8 a share annual dividend. This is sufficient to pay the $4 annual cash dividend on Nowmont's 477,608 shares | outstanding. Wilson & Co e Wilson Copf A, 24% Woolworth(3).. 220 1% 24% 80 134% 134 94% 28% AT% 47% 31 5 195 5! 39% 21% 8 Worthn Pump.. 42% Worth Pump(A) 64% Worth Pump(B) 58 Wright Aero(2). 204% Wrigley (13%). 76% 36 Young Spring. Youngstn Sh(b). 98% Hourly Sales on N. Y. Market. 1lam. 1,006,100 n...1,824,100 1pm. 2658300 2 p.m. 3,405,400 Dividend r: bove tubit * Uit ra 1 Partly extra § P in preferred s 3! stock. us, n st & Plus in stock. h Partly stock | Plus 202 k Plus 17120 share auatterly in stock. m Payable 1/10 share auarterly in United Cigar Stores common stock. 8 Plus 1% % In stock, | Even more extraordinary, although reports. Metal-working plants are all busy and builders who have accepted T“l;: orders report a shortage of ckilled abor. New York Stock Exchange Washington Stock Exchange Chicago Stock Exchange New York Curb Market New York Coffes and Sugar Exchange ! New York 52 Broadway Private Baltimore Boston New Telephone Main 245-6-7 " 5020 Telephone Metropolitan 5021 { Year The purchase Estate in Washington. Present Diversification For full DR AR Philadelphia The Ritz-Carlton Chicago 231 So. La Salle St. Chicago loans on individual parcels of the most desira! located Improved Business and Residential Real in_denominations X irst particulars telephone or call in person. HANNON: F. B. KEECH & COMPANY Members New York Rubber Exchange Chicago Board of Trade New York Cotton Exchange New Orleans Cotton Exchange Liverpool Cotton Exchange, Ltd tAssociate members 1510 H STREET N.W. WASHINGTON, D. C. Providence Grosvenor Building Wires to Providence York Richmond Philadelphia Cable “Keechco” CLARK,CHILDS & COMPANY 120 Broadway New York, N. Y. WASHINGTON OFFICE 1508 H STREET NORTHWEST MEMBERS 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 JAMES SLOAN, Jr., Manager fFew women have the “business head” essential to the management of property. That’s why it's usually - unwise to make your wife Executor or Trustee under your Will. Furthermore, it costs no more to have your estate settled by a Corporate Ez- ecutor, such as this. fiCall and talk it over with us before YOUR will is drawn. National Savings & Trust Co. The Oldest Savings Institution in the District of Columbia Cor. 15th and New York Ave. Diversification For Thoseé Clients Who Prefer Small Individual Loan Many Shannon and Luchs Tnvestors prefer to Mortgage Notes secured by entire enables us to offer a number of such notes, subject to prior sale, which will appeal particularly to this clientele. of $100, 5230, Mortgage Notes, % & Interest at the rate of 6%. write, & LUCHS First Mortgage Investments Telephone Main 2345. 1435 K Street Northwest