Evening Star Newspaper, November 22, 1928, Page 15

FINANCIAL." THE EVENING STAR, WASHINGTON, D. C. CONVERTIBLEBOND | Coxex s BONDS o sscasner] MARKET IS WIDER Speculation Broadens, but Advance in Prices Is Not So Great. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, November 22.—While there was a broader market in con- vertible bonds today, the advance in prices was not so great as it had been in previous sessions. The expansion in the number of issues dealt in repre- sented the spread oi speculation into a group of industrial securities of low price character. Early movements in the convertibles yeovered a range of 1 to 5!> points in .the active issues and of 10 points in Liquid Carbonic 6s, which are subject to wide changes between sales. The latter are now up over 90 points from the low of the year and well above 200. Andes Copper 7s advanced 5':, Ana- conda 7s were up 5, Barnsdall 6s, Pub- lic Service of New Jersey 4lps and J. Kayser 5';s were from 2 to 3 points above yesterday's ciosing, Pathe 7s a point and Pan-American Petroleum 6s 1% points. | Quite an active addition to this list was Wickwire Spencer 7s. with both issues above 50 and at double the price at which they sold earlier in the year. The sugar-producing company converti- bles were also strong, notably Eastern Cuba 7155, which have rallied nearly 15 points, and Cuba Cane 7s, in which ythe recovery from the low of two months ago has been 12 points. The Italian convertible issues were irregular with the best showing made by the Monticatini 7s, whose advance amount- ed to nearly 3 points. The strictly mortgage market is quite overshadowed by the operations in the speculative list. At the same time it holds steady and because of the scarcity of good bonds it is able to withstand the effect of the high money rates with the prospect of even higher call money in the next week. The demand for tax- exempt issues is encouraging to deal- ers in these bonds after a thin season of profits in them. French and Belgian issues were slight- ly higher, Japanese were irregular and there was a further decline of ' point in the old Bulgarian 7s, which have now more than met the yield on new bonds. ‘Treasury issues were reaction- ary, with the 3% per cents at one time off quarter point and the 4'4s about the same. Files Bankruptcy Schedule.\ BALTIMORE, November 22 (Special). ~In bankruptcy schedules filed in Fed- eral Court Israel Silberstein, one of the largest real estate operators here, listed liabilities of $1,380,996 and assets of $128,287.63. He was forced into in- yoluntary bankruptcy by creditors early this year. The schedules included in labilities notes. and bills for $875,721, secured claims for $155,676, unsecured claims for $95.886 and accommodation papers for $252,550. The assets list includes: Debts due on_open accounts, $100,102.63; stocks, $26,585; bonds and real estate, $1,600. Washington Stock Exchange SALES. Capital Traction 55—$500 at 10215. Potomac_Elect. cons. 55—$1,000 at 102. Capital Traction Co.—5 at 106%. Chestnut Farms Dairy pfd.—20 at 108%, 10 at 109, 20 at 109, 50 at 109, 50 at 109, 50 at 109. Potomac Electric 51 % pfd.—10 at 108, 80 at 108, 5 at 108, 2 at 108, 5 at 108 10 at 108, 10 at 108, 30 at 108, 10 at 1083, 10 at 1081, Washington Rwy. & Elec. pd—3s at District National Bank—25 at 238. Riggs National Bank rts.—13 at 315, 40-265 at 315. ‘Title & Investment Co. of Maryland com—10 at 51. Co’llll;th Sand & Gravel pfd.—20 at . Lanston Monotype—20 at 118, 8 at 118, 8 at 118 Mergenthaler Linotype—10 at 103. National Mige. & Inv. pfd.—100 at 6. AFTER CALL. Potomac Electric 65 1953—$1,000 at 1084, $4,000 at 108’5, $1,000 at 108 W;:l;;ntwn Rwy. & Elec. 45—$3,000 at Mergenthaler Linotype—10 at 103, 100 at 1035, Bid and Asked Prices. BONDS. PUBCED DURIIY. . ans . Asked. Amer. Tel. & Tel 99% Amer. Tel. & Tel Am. Tel. & Tel. ‘Anacostia & Pot Ana & Pot. guar. C. & P. Telephone 5¢. . C. & P. Tel. of Va. 55 Capital Traction R. R. 5 City & Suburban 55 Georgetown Gas 1 Potomac Elec. 1st 5s.. Eotomac ‘Elec. cons, - scries B Wash. Ry. & Elec. 4s.. Wash. Rwy. & Elec. gen. 65.... MISCELLANEOUS. Barber & Ross. Inc., 6 Cham-Vanblt Hotel 5! Chestnut_Farms Dairy Chevy Chase Club 5's . Paper Mfg. 6s..... Pot. Joint Stock Ld. Bk.. 53 Wash. Mkt. Cold Storage 5 Wash. Cons. Title Co. €s. Wardinan Park Hotel STOCKS. PUBLIC UTHITY. Amer. Tel. & Telga... Capital Traction Co Washington _Ga: Norfolk & Wash; Potomac Elec. 6% Polomac Elec. $i:% pid Wash. Rwy. & Elec. com Wash, Rwy. & Elec. pid NATIONAL BANK. e Pl Commercial District ‘ederal-Americ: iberty ...... Lincein National ‘Metropolitan. Rigas - & Figes warrants . Second Naticn an’ nk “of TRUST COMPANY. Amer. Security & Trust Co Continentul _Trust....... Merchants' Bank s National Savings & Trust Union Trust Washington Loan & Trust: .l SAVINGS BANK. Bank of Beth, Commerce & East Washington Potomas Security Bavings & Severth Streel United States Washington Com .. Mechanics FIRE INSURANCE. American . 300 Corcoran Firemen's : 371 National Union 2 E INSURANCE. Columkia Title .. i Real Estate Title Tiule & Inv. Co. of Md. ‘¢om Wash, Cons Tille ofd. . MISCELLANEOUS. ber & Ross. Inc.. com vy Chase Dairy’ pfd Farms Dairs com Chestnut Parms Dairs of Commercial Nail. Co pfd D. C. Paver Miz pfd . Natl. Securities Siorase pid merjcan Co, Alerlcan Gra 0 Monotype 4 Merch. Trans. & Storake.. .. Merch. Trans. & Storake pid Mergenthaler Linotype...... Natl. Mtge. & Inv. pfd. ' Peoples Druk Stores pfd Security Storake Sanitary Gracery Co. otd: Ter. Rel rs. vid. . Waih. Cony. Hail’ pid Wash. Medical Bldg. Coip Woodward & Lothrop pid *ha-dividend. . 13 225 50 50 pfd com " | Midvale Steel 5 UNITED STATES. (Saias are in $1.000 ) Sales. High Low. Close Lib3%s.... 11001 100 1001 Lib1st43s 4 10025 10025 100 25 Lib4th 4is 20 1011 10031 10031 US3%s47. 1 9924 9924 9924 US3Hs... 26 1064 105 1054 US4s 1944, 10 10731 107 31 107 31 US4%ss2. 31 1131 11227 11227 FOREIGN. Argentine 62 Ju 7100 Argentine 6s Oc 5 100 x 100 Argentine 5 s 8 96% 96%: 96% Argentine 8 1005 100'; 100y Argentine .15 100% 99% 100t | Australia 4 19 B8 BRY 88 | alia 5s .34 97 96% Australia 58 1957.. 21 961 96 Austria 7s. . 13 103 103 1034 Bankof Chile8%s. 3 97% 974 975 Belgium 6s 40 100% 100's 100% Belgium 61, 17106 106 106 Beigium 7 16 108 1073 107% Belgium 18 106 1053 105% Belgium 7Tips. 7 115% 115 115% B#igium 88 10 110%5 110 110 Bolivia 8. .. 4 105% 105% 105% Bordeaux 6 6101 100% 101 Brazil 6148 39 96% 96t 961 Brazil 615 1 36 961 96l Brazil 7s. & 1001 100 100 Brazil $s. 3109 1081 109 Bremen State 7s... 1 1017 101% 101% Canada 531931..... 1 101% 101% 101% | Canada 55 19 17 1045 104% 104% '(,‘an:ul 6 100'; 100% 100, ! 993, 994, 9614 Chile 65 '60. .19 93, 9313 9 [ Chile s'61. 10 93% 93% 93% Chi 43 103 10213 102% 3 391 3914 17 90 901 | 15 881y 8% 88% { 4 96% 9615 96l echo Rs 1 3 109% 1091, 109 Czecho 8§s 195 110912 1091 1091, Danish Munic 85 A. 1 110% 110% 110% | Danish Munic 85 B. 2 110% 110% 110% | Denmark 6s....... 10 105 104% 104% DEI5%sMch33.. 3103 103 103 Dutch East16s47.. 8104 103% 103% Dutch East16s62.. 14 104 103% 104 ElSalvador 8s48.. 1 111 111 1L Finland 538 1 91% 915 91% Finland s f 8s 2 964 960 96in Finland 7s. . 3 1001 1004 100% { Framerican 7 15 105% 105 105 | French 25 10° French 73s. 5 114% German EIP 6ls.. 2 931 German 7. 112 107 106% 107 Ger Am Bank 7. 3 99 98 99 Ger Gen Elec 7s. 4 1025 10218 1024 Greek 7s. 4 98% 98l 98% Haiti 63 4 100% 100 100 Holland-Amer 6s... 5 100% 100% 1005 Irish Free State 5s. 8 96% 96% 96% Ltaly 7s..... 32 974 97 97 Italian Pub S 7s.... 10 96% 96% 96% Japanese 4s. 1592 92 92 Japanese 61;5. 56 101% 101 101% Lyon 6 7 100% 100% 100% Marseille 6s. 8 100% 100% 100% Milan 61;s. L12 91% 91 91 Montevideo 7s. 1 101% 101% 101% Netherlands 6s54.. 2 100% 100% 100% etherlands 6s72.. 4 105 105 105 ew So Wales 58s.. 3 935 93m 93% Nord 6%s... 17 103 102% 103 orway 581963.... 69 97% 97 97 orway 51 9 101 100% 101 orway 651943, 5 102% 102% 102% Norway 6s1944.... 11 103 102% 102% Norway 6155 1952.. 8 102% 102% 102% OrientDevdeb6s.. 3 97% 97% 97% Paris-Ly-Med 6s... 10 9913 99 991 Peru 6s 67 wi. 37 91 91 91 Peru Ts. 3 102% 102% 1021 Peru7ys 2 107% 107% 107% Poland 63 40. 7 84 831 84 Poland 7s (rets)... 64 88% 88 88 Poland 8s. 7 99% 99% 99y Porto Alegre 8s. 2 106% 106% 106% Rhinelbe Un 7. . 1 103% 103% 108% RhineWst EP 6552 7 91% 90% 91% RhineWst EP 68’63 20 94 933 94 RbineWst EP78'50 3 101 101 101 Rio de Janeiro 6%s. 54 96% 95% 964 Rio de Jan 85 1946.. 2 107% 107% 107% Rio Gr Do Sul 8 3106 105% 105% Rome 63s. 9 924 92 92y San Paulo City 8s.. 5 115% 115% 115% Sao Paulo 831936.. 6 106 106 106 Sao Paulo 1950, 6 107% 107% 107% Saxon (PW)7s.... 13 99% 99y 99 Seine 7s42........ 21 105% 104% 105 SerbsCrot Slo8s... 20 98 971 97% Soissons 6s. 1 984 98% 98K Sweden 53%s. 7 104 103% 103% Sweden 65 3 102% 1024 1028 Swiss 5158 1946. 1 104% 104% 104% Swiss Confed 8 8 110 109% 109% 4 98% 98% 987 3 9% 78 78 9 %0% 90 90% Utd Kingm 5%s29.. 7 118% 118% 118% Utd Kingm 5328 37. 9 104% 103% 104% Utd SteamCopen 6s. 1 98 ' 98 98 Yokohama 6s wi,.. 19 95% 95% 95% MISCELLANEOUS. AmAgriChem 73s. 2 10414 104% 104% AhSmit& R 1stbs. 27 101 100% 100% Am Sugar Ref 6s. 7 104% 104 104 Am T & T el tr 4 24 99% 99% 99% AmT&T el tr 5 8 104% 104% 104% AmT&Tsf6s.... 15 106 106 106 Am Tel & Tel 535s.. 26 108% 107% 108% Am Water Wks 58, 556 99 98% 99 Am Writ Paper 63, 3 86% 86 86 Anaconda 1st 6s.... 55 105% 105% 105% Anaconda cvdb 7s. 124 180 173 179% Andes Copper 7s...456 220% 213% 220% Armour&Co4%.s39. 13 928, 923 925 Armour Del 6%s 16 92 91% 92 Atlantic Refin 5s. 5 102% 102 102 Barnsdall 631940.. 30 145 1431 143% Bell Tel Pa 53 B.... 11 106% 106 106 Bell Tel Pa 58 1 109% 109% 109% Beth Steel rf 55.... 10 101% 101% 101% Beth Steel 55 53.. 19 103 102% 102% Bethlehem Steel 65. 16 104% 1043 104% Bkiyn Edison b8 1 104% 104% 104% Bklyn Union 5%s... 1327 327 327 Certain-Td5%srcts 30 86% 86 86% Chile Copper 63.... 98 97 96% 98 Colon Oil 65°38.... 79 120 118 120 Col Gas&El deb 55.. 16 100% 100% 100% Con Coal Md 1st 5s. 15 78% 7815 781, ConGasN Y5%s.. 9 106% 106% 106% Consumers Pow 5. 2 104% 1043 10434 Cuba Canecvis.... 27 77 74% 17 Cuba Cane 83, 65 80 77 80 ‘uban Am Sug 8s.. 9 104% 104 104% Detroit Edison 6s.. 12 108% 107 107 Dodge 6s...:. 157 104% 1045 104% Duquesne 435 67.. 16 101 100% 100% East Cuba Sug T%s 13 93% 931 931 Fisk Rubber 8s.... 1 111% 111% 111% Gen Asphalt 6536.. 10 110 109% 109% Gen Cable 5338 " 14 100% 1001 100% Gen Mot Ac Cor 6s. 21 108 103 103 Goodrich 6% 6 107% 107% 107% Goodyear 58 rets 26 93% 93 93 Hoe & Co 6% 3 92% 92 92 Humble Oil 55 8 100 100% 100% Humble O & R5%s. 1102 102 102 Illinois Bell 15t 55.. 4 104% 104% 104% Indiana Steel 55 14 104% 104% 104% Inland St14%:5'78. 4 94 94 94 Intl Cement 53 48... 19 104% 103% 103% Int Mer Marine 6s.. 1 1013 101% 101% Intl Match 55 47 20 99% 99 99 Int Paper 58 47.... 18 95% 95% 95% Inter Paper 6s. 13 99 981, 98 Int Tel&Teleg 4%5. 9 97 961, 96% Kayser J & Co5%s. 72 130 128 130 Kan City P& Li6s.. 6 104% 104% 104% Kelly-Spring 8s.... 1 110% 110% 110% Laclede 58 4 100% 100% 100% Lorillard bs. 23 90 88n 90 Louisv G & K55 52. 2 103% 103% 103% ManatiSug st 7%s.. 2 95% 95% 953 Mid-Con 6% 40. 1105 105 105 s.... 12 100% 100% 100% 1103 103 103 10 101% 1013 101% 1 107% 107% 107% 1116 116 116 1 95% 95% 95% 5 100% 100% 100% 12 107% 107 107 18 110% 110% 110% 5 100% 100% 100% 58 102 101% 102 5 103% 103 103 5 1014 101% 101% 8 1045k 105t 105% 6103 1024 102% 5 103% 1033, 103% 1 105% 105% 105% Pan-Amer Pete 65.. 24 106% 106 106% Pan-Amer Pete 7., 6 104% 10415 1041, Paramount 651947, 17 100% 100%¢ 1005 Pathe Exchange 7s.130 821, 80 823 People s Gas 5s.... 2 105% 105% 105% Phila Co5s 67 wi.. 13 997 99% 9974 Phila&ReadC&I6s. 3 92 92 92 Philips Petro 5% 3., 6 94% 94% 94% Postal Tel & C5%s. 15 96% 96% 96% Pressd Steel Carbs 3 97 97 97 Public Service 4148105 162 160 161% Punta Alegre 7s. 1944 94% 94% RemingtonAr 6s 3 99% 99 994 Rem Rnd 5%s war. 14 94'a 933 94 Sigms Pely 6530, 10 2003 100% 100k 0% 114 114 9315 935 Mont Pow 58 43.... Mont Power deb bs. NewEnglandTel bs. N Y Edison 6%s. NYGELH&P 45 NY Tel4%s NY Tel6s41. NY Tel 6549...... North Am Jdis 5s. . No Am Ed 86 Nor Ohio "t Nor States Mow &7 1st b PacT & T bs 96% | 964 e 107% 107% | Sinclair Ofl 6s. ... Sinclair Oil 833s... Sinelair 01l 7s. .... Sinclair Crude 5125, Rin Pipe Line 58... Skelly Oil 545, South Bell Tel 5 Southwest Bell 5s. , Stand Oil N J 55 46, Tenn Copper 6s'41. TennElecPow 65 47 ‘Trangcontl Oil 6135 United Drug 5s 53.., U S Rub 1st rf 58 USRub 73%s. IS Steel s £ 5s.... Vertientes Sug 7s.. Warner Sug 75 39.. Warner Sug 7s 41. West Elec 53. ..... Westn Unifon 5= 51. Westn Union 6} Westinghouse 5x Wilson & Co 1st 6. WinRepeatAr 7 Yngstn S&T sswi. RAIL Ann Arbor 4: . Ala Gt Sou 4s Atchison gen 4s. ... Atlantic C L 1st 4=, Atlantic C Licl 4s. . Atlantic CL 414 s 64 Atl& Dan 15t 43 43, B & O Gold 4s. B&Ocvals B&O s B&O 1st 5s et B&Orfimp 6s. B&OPLEWY Brdway&Tth Av 5s. Brooklyn Elev 613, Bklyn Mannat 6s. .. Bufft R & Pitt 43s.. Can Nat 4335 30 Can Nat 4148 57 Canad North 63:s.. Canad North 7s. Canad Pac deb 4s Can Pac 43%s 46. ... Clinch&O 6s 52. Central Pacific 45 Cent Pac 15t 65 90. Chesa Corp bs wi.. Ches & O gn 4% i & Alton 3155, Chi B&Q gen 4s CB&Q4%xTTB Chi B& Q 1strf 5s. CRB&QIIdiv4s Chi&E 111 gn b5 51.. ChiGt West 48 59. . CM&StPgn8 ChiM&S1P4%sC8 ChiMilSP&Pachs75.1 CMSP&Pacadj5s03. Chi& NW gen 4s. Chi NW 4158 2037 Chi&NW 75 Chi Rys bs... Chi R1& P gn 4x Chi RI1&P rf 4s. CRIPac4%swi Chi Un Sta 4138 + Chi Union Sta 5s 44, Chi Union Sta 6%, Chi T H& S E bs Chi Union Sta 5s. Chi & W Ind cn 4s C&WI515862.... CCC&SBtL 4%s E 77 COC & St L bs D CCC & StLrf 6s A. Clev Term bs. C&S1stds 29 Cuba RR Tlhs Del & Hud 1st rf 4s. D & Rio G imp 5s. . Det United 4% s. Erie 1st cons 4s Erie conv 4s B Erie conv ext 7s . Fla East C5574.... Gr Trunk stdb 6s.., Grand Trunk 7s.... Gt Nor 33576 D. GrtNorthn 4%s E. . gral( North bs. reat North 5 Great Nor gen 7s. .. Green B & W deb B, Hav ElIRy 5%s51., Hocking Val 414s. Hud & Man aj 5s. Hud & Man ref 5 11l Cent ref 4s. 11l Cent 435 6 11l Central rf 5 55. 111-C-C-StL&NO 5. Int Rapid Tran 65 Int Rap Tr 68 stpd., Int Rap Trans 7s. .. Int Ry C Am 65 41.. Jowa Cent rf 4s. . lowa Cent 1st bs. Kansas City S 58 Kan City Term 1s Lehigh Val 5s 2003 Louis&N: uni 4s. Louis & Nash 5%4s. Louis & Nash 7s. .. Man Ry 1st 45 90... MStP&SSMis3sgtd. MK & T 1st 4s MK&T4sB., Mo Kan&T 4%s'T8 MK & T adj 5 MK & T prin 68 Ao Mo Pacific gen 45, Mo Pac 5s ¥ 17 Mob & Ohio 4138 77, NOTex&MbosA., NOTex& MssB.. N Y Cengenils N Y Cent deb 4s. NYCrfim4%k NYCentrfbs. N Y Centdeb 6s.... NYC & Stl.deb 4s.. Received by Private Wire Direct te The Star Ofice High. Low. Close s L 20 99% 7 101% 7 103% 19 98 104 104% 103 13 106% 105%% 984y 90% 100% 108 98% 90 106 6 1027 103 110% 104% 103 107 39 101 ROAD. 80 25 103 710214 13 104% 2 109% 911y 735 16 118 1 111% 7 88 38 Y9 66 108% 1 921 6 1031 35 99 8 100 3 66l 2 93% 3 99% 2107 4 93 14 86 12 68% 4 884 3 98% 54 96 96 T17% 6 9% b 987% 2 102% 5 81 4 90% 15 95% 6 95 56 101 1103 1 116% 1 100% 1103 2 B8Y% 20 105 1 9 51 104% 7 100% 1 105 6 99% 9 106% 4 9 82 98 7 86n 8 85% 5 108 4 82 2 106% 4112 T 98% 23 98% 3 106% 1110 24 113 2 28% 7 69 10 102% 16 87% 3 9% 2 93% 3 9% 10 100% 1107% 5 104% 26 78 30 78 3 99% 2 94% 1 10% 4 39% 1 100 12 91% 2 106% 12 96 5 107% 2 101% 1 99% 1 87% 4 87% 5 96 1 104% 10 102 13 79 220 100 6 96 1 100 5 102 1 81 25 96% 11 100 15 108 2107 5 974 9915 101 103% 978 104 1044 102% 12 106% 105 977 90 100% 107% 98 20 106 102% 103 110% 104% 10215 10715 100 80 9414 934y 93 9ty 97iy 76 934 9854 103% 102 104 109% 9412 3% 117 111% 5% 9TH 10t 9; 103% 99 991 106% 930 86 6815 884 98% CM&StP ret 45889, 13 98% 984 95% hid 91% 987 102% 81 90% 95% 94% 100% 103 116% 100% 103 88% 104% 99 104 100% 105 99% 106'% 9 Den & RioGen4s.. 19 924 92 95 DRG & Wst5s'78 20 94% 94% 14 97% 9 86k 85% Eriecvt 5867 wi... 66 97% 96% 108 824 106% 112 W 9! 106% 110 112% 284 69 102% 87% 97 - 93% 90 100% 107% 104% 1% 8 9% Int&GtNoradj 6s 52 4 921 92 9% Int Ry CA6%sret. 13 96% 96k 10% 39% 100 91 106% Long Isrf4s49.... 10 90% 90 96% 107% 101% 68% MIlEl Ry & L 55 61 16 102%4 101} 99% 87% 87 96 1044 102 8% 99% 96 99% 995 81 965 99% 107% 107 97 NYChi&StL 5338A. 26 106% 106% NYChi&StL 5% s B. NYC&StL6sA.. NYNH&H4s56. NY NH&H db 48 57, NYSNH&H4ks. . NY NH&H clt 6; NY NH&H cv db 6 N Y Rys 6s 65. N Y State Ry 4%s. NYStateRy 6%s 62, NYW&B4%his, Norfolk & W cn 4 Nor Pac 38 2047, Northern Pacific 45 Nor Pac 4%s 2047.. ‘Northern Pac r i 6, Ore Short L rfs 4 Ore Wash 1st Pennsyl con 4343 Pennsyl gen 435 Penna R R 4%s '63. Pennsyl gold Ts.... Peo & E It 48 40 Pere Marq 18t bs Portland Ei P L 6s. Reading gen 4% 8 A Rio G W 1st 4s. RIArk & L 4%s St L IM&S 45 StL IM&S gn 6831, St L IM&S R&G 4s. SIL&ESFpl4sA., StL&SKra%sis, StL&SF prinbs StLSWistds.... San A & Arn Pds... Seab A L ref 4s. . SeabAL ad) 65 1949, Seab A L con 68.... SBAIFIa6s35 A, Sou Pac 48 29.. u Pac clt 48, Sou Pacific ref 4s.. Sou Pac 4%s rets.. Sou Ry gen 45 Sou Ry 65 56. Sou Ry 6% . TexArk K'S 525 50. Tex & Pac 55 B 1977 ‘Third Ave ref 4s 60, Third Ave adj 5s. .. Tol Tr L&P 5%s 30, Union Pac 1st 48 Union Pac 1st rf Union Pacific 4 . Union Pac 4%s 67.. UnlonPaclst ref b Virginia Ry 1st 5, Va Ry &P ba. ‘Whash 414 78 rets Wabaph 1t Sgesee 5 105% 2 101% 2 87a 3 6% 18 91% 1105 4 116% 194 46% 56% 87% 93% 66% 9%y 3 100 4 113% 13 99% 4 89 3 1024 9 100% 52 99% 6 104% 7111 19 103 1 87% 2 104% 10 102 3 100 1 91% 9 96 20 99% 34 100 1L 95% 15 89% 69 9% 024 88 2% 60 41% 8 2 11 10 13 112 5116 13 122% 11035 11 102% 13 665 1 63 5 100% 12 95 1 91% 2 89% 1 98y 1 109% 19 105% 6 101 1 925 10,103k 103 303 Wip Con 28 45 43 8215 - 83 105% 101% 87% T6% 91% 105 116 19% 45% 56% 87% 93% 66% 9% 997% 113% 9874 89 10214 100% 99 103% 110% 102% 87% 104% 102 994, 91% 95% 99% 9%, 95% 89% 904y 102% 88 9214 60 41 1% 72 99% 9244 9344 981y 899 112 116% 1224 103% 102% 66l 63 100% 4% 9k 89% 984 109% 106% 101 924 994, 101% 103 98 94% 104 10414 102% 113 106% 105%,, 981 90V, 100% 107% 981y 90 106 102% 103 110 104% 1024 924 THURSDAY. SPEGULATIVE CURB 1SSUES IN ADVANCE Standard of Kentucky Leads in Operations for Rise. Motors Quiet. BY WILLIAM F. HEFFER Special Dispatcn to The Star. advances in the issues selected for leadership gave the curb market an appearance of pronounced strength to- day. concerned over disclosures in brokers” loans statement to be pub- lished after the’ close of business it was not reflected in the operations. In the oil group Standard of Ke! tucky was the outstanding leader, soar- ing to a new high around 180, where it was up some 7 points. Indiana was turned over in heavy vol- ume at higher prices, but the advance ‘was not sharp. Others of the Standard group were generally higher, while the independent oils were inclined to do better under leadership of Gulf Oil. There was no change in the outside news to account for the favor with which the oils were looked upon. The motors lost a good deal of their buoyancy, but no weakness developed. More attention was given the aircraft jssues, which moved upward sympa- thetically with strength in Curtiss and ‘Wright Aero on the Stock Exchange. Keystone Aircraft, after early weakness, snapped back readily. Niles-Bement- Pond rose from the previous final of 125 close to 137. Mining issues fluctuated over a com- paratively narrow range, with New- mont subjected to profit-taking at in- tervals. Among the specialties which established new high records were Marconi Wireless Telegraph, up almost 2 points; Evans, 7 points higher; Le- high Coal & Navigation, up 5 points to 170, and Hall Printing, up fractionally. STOCK SPECULATION CAUSES WARNINGS Bankers Concerned Over Skyrocket Course Recently Taken by Market. Special Dispatch to The Star, ward sweep of stock prices and the velocity at which the market has been rushing along since the election have brought out a new crop of “warnings” from bankers and intimations from other sources that the speculative situ- ation is dangerous and that the public concerned in it had better begin to put on the life belts. Not since the Philadelphia bankers’ convention in early October have there been so many qutspoken criticisms of the stock market and its high range of prices as have been made this week in the midst of a turmoil such as Wall Street has never before experienced. Most of this has fallen on deaf ears, for the public feels that it has shown better judgment on stocks in the past year and a half than the bankers in buying scores of issues which afterward ad- vanced from 50 to 100 per cent. ‘That there is much nervousness over the outcome of the present abnormal speculation is apparent not only among bankers, but in the offices of the larg- est Stock Exchange houses which are again facing a breakdown in the Wall Street machinery. This began to €reak on Monday under the load of two rec- ord breaking sessions at the end of last week. On top of these have been piled the six and a half milllon sessions of Monday and Tuesday, which have swamped brokers and threaten to du- pllc:lte the confusion of last March and April. Some of the banks have already be- gun to put their houses in order in preparation for a reaction in the mar- ket and have gone out of call loans and into commercial paper. This policy is being more generally followed by the New York institutions than by those of the interior. The latter have been ex- panding their commitments in the call market along with the corporations, in- vestment trusts and foreign institutions until they are now higher than at any time this year. Last week Wall Street confidently predicted a large expansion in brokers' loans, based on the heavy trading and the high prices of stocks in the week following the election. The actual in- crease was less than $2,000,000. Since this figure was published the market has had an even greater rise on record transactions. INSURANCE SALES GAIN. NEW YORK, November 22 (#).— Ordinary life insurance sales in the United States totaled $764,577,000 in October, a gain of 16 per cent over | October, 1927. Life Insurance Sales Re- search Bureau of Hartford, Conn., which represents 80 companies having force 88 per cent of the legal reserve life insurance in the United States, sees in these figures prosperity in all sec- tions of the country. Sales for the past 10 months are 4 per cent ahead of the 1927 record. NEW EXCHANGE BUILDING. CHICAGO, November 22 (#)—An- nouncement has been made that on December 3 members of the Chicago 8 $12,000,000 bond issue to construct the 44-story new exchange, which will replace the present quarters. The financing is being conducted by Lee Higginson & Co., and will bear 5 per cent interest. DIVIDENDS. Pe- Pay- Rate.riod. able. 50c Q J: Company. Am Bank Note. Do. GEDE: Am Shipbuilding Do, ‘,I’_, % Am Tel & Brewer € & Gelumet, BRI ST 235 S5 rorsrons ZEEESE e 2283 3 88822 PABEER . 7 Cuban Am’ Sigar B uba’ Northern Ry.. auit Pin Corp A te Bros G & M B0 Bl o o B2 oEaN89g, TIRTEIIN SEmns s 83 el Dot Eautm peot 5 b elsey Haves Wheel Lieg & Myers T of.. McCah Sug 1% pf Merg Linotype. Montana Power Sec Assoclates pi Separate Units Inc.. Union Carbide & C U S a-EEoBSESEE 85 8.a5 B55550qaan 8BRSy Am Bank Note 8 et “Arizona lant. ke Sh Mines Lid onoliili Nov Merz Linotype Dec. Dec. r North Sec orni Signal Mfg. 2 Be Nov. 20 .+ Dec. 3 370 25¢ Nov. 30 Stoek. i Balf (Edw) Co.....*40% .. Jan.20 Civee “Subject to approval of the' stockholders. Sales. High. Low. Close. 10 100% 100% 100% 4 B2% 82% 828 12 100 99% 99% 17 100 99 3 BRW BRIG 884 ‘Wabash 53 76 B. West Shore 45 2361, [ NEW YORK, November 22. —Shfll’n‘ If the speculative element \:"S:SJ e Standard of | NEW YORK, November 22.-—The \lp-1 in! Board of Trade will vote on a plan for | | i | 200 South P 8- 83008°C m-'m‘m NEW YORK CURB MARKET Received by Private Wire Direct to The Star Nffice Following is a list of stocks and bonds traded in on the New York Curb Market today: Sales INDUSTRIALS in hundreds Hi 13 Acoustic Prod 9 Adams Millis . 2 Agfa Ansco . Alles & Fisher Allied” Pack A A Noon. 17 | ;l lum Co Amer m & For Pow war. 5 Amer_Cigar ... Am Cyanamid B . 2 Amer Dept Stores 9 Amer Gas & EI 11; Amer Lt & Trac 7 Amer Nat Gas . 40 Amer Rayon Prod . 3 Amer Sol & Chem ... 3Amer States Sec A 18 Am S & R new wi. 3 Amer Superp A 8 Amer Superp B 27Am _Stores... ... 4 Am Thread pid ... 11 Anchor Post Fence 16 Anchor Cap. ..... 5Anglo Chil Nitra 11 Armstrong _Cork 15 Asso_Gas & EI.. 2°Atl Fruit & Sug. 6 .. 63A T & S Fe Ry.... 5 Atlas Port Cem 4 Bancitaly ... 6 Blauners 4Bliss E W 5Bohn Al & Fr 1Brillo Mg A.. 0 2Bklvn City R'R. . 3 Budd Mg ... 20 Buf Niag & E P.. 14 Butler Bros 93C oy oo EE Et b et 2.3 5Cent Pip Cor. ..l 3Cent Pub S AL 6 Check Cab Mrg rts wi i R e 1Gity ‘Meh "and’ Tool. | 2Clark Lighter A.. 4 Glub’ Afum Uten . 3 Golg Paimol B 5', Commonwith Ed 4 Cons Autn Mer vic 12 Consol Film 3conso; G Bait’lllll 4 Consol Laund .... 1 Consumers Co 1Coon (K By 2 Ci & Black pf 46 Cu s Flying Ser 22De For R C. .. 13 Doehler Die C C 1 Dominion St Lid 10 Dubllier € & R. 9 Durant Mot . 10 East States Pow B. 86 El Bond & Sh Cor 11El Invest Inc 2El P & L _optl wai 1 Em Pow Cor 30 Evans Anto Load .. 16 Evans Wall Lead .... 9 Fairchild Aviation A 2 Fan: 1 _Prod . . 24 Federal Water A 101 Fiat deb rts .. 13 Tiienes Sons 3 Follansbes Bros 1 Forhan Co A 28 Foundation For A 12 Fox Theaters A ... Y4 Frank H H M C pfd 1Freed Eisem R C .. 7 Freshman Chas 4 Gen Alloys . 8 Gen Am Inv Bak 497 Gen Bal § 48 Gen Bak pfd n .l Mills 15 Gen L 12 Gen Mills rts wi 7 (ioid Seal Elec 24 Gotham _Knitbac 13 Granite City Stl 31 Hall Printing . 14 Happin C St A . 9 Hart Parr ... 17 Hazeltine Corp, 18 Horam Walk G & W mel G A M 9 1n 1Intern Ut A... .. 8 Inl Nickel new fwi. .. 28Inl Har new i 2'Jackson Mot Shaft 53 Keystone Alrcraft . 13 Kimberly Clark 2 Lackawan Sec 5 Lake Super C ane Bryant Leh Coal & Nav 103 Libb Owens Sh 13 Libb Ow Sh Gl rts wi 3Lit Bros...... 1Loews deb'rts... 433 Marc Wire Lond 12 Marmon _ Mot. .. 15 Mavis Bottling ., 11 McLellan Stor A n.. 5 Midl _Stl Prod 1Mid West Util 1Minne Hon Reg.. 7 Mohawk Hud Pow 49 Mtzy Ward new wi 20 Montecat dsb rts. 3 Municipal Sery. 2 Nat Food Prod A 8 Nat Food Prod B... 2Nat Pub Ser A. iNat Pub Ser B 1 Nat Rub Mach. 4 Nathan Strauss Inc 11 Nat Trade Journal. 27 Nehi Corp......... 1 Neve Drug 4 Nichols “& Shep. 35 Niles Bem Pnd. 3 Noma Elec. 14 North Am " Utility 74 North Eastern Pow. 4Nor Sta P A... 16 Northwest Enere. 5 Novadel _ Agne. 2 Oakes Prod A 40Odkes Prod B 3Param _Cab Mf¢ 7Penn Ohlo Ed. 2 Penn Ohio Sec. 8Pet Milk........ 1Philip_ Morrie.... 4 Pick Bar & Co pid 0 Pratt & Lamb C Rad Keith Orph Co Rainbow ~Luminous Ray Bestos ....... Royal Bak Pow n. Saf . st st Schulte Real Est Sec Gen Am Inv Seeman Bros .. Seiberling R C. Serv El n vic... @il Serv El n vic pld. 1 Sikorsky Aviatio 4 Silver 1 & Bros. 9 Southeast P & 38outhe P & L trc 2 Southe P & L war 4 South Asbestos..... 3 Southern Ice & U Bl. 1 Southern_Stores A.. 1 1 Southw ~Strs 74 Spanish & G 3 Sparks Within 4 Spencer Kellogg 0 18pleg M Stern pfd 20 Stroock Co. 22 Stutz Mot. . 24 Swift Intl. .10 48 8yra’ W Macl 16 Tagrart Corpn . Texas Corp rts 6 Thomps Prod A 1 Timken Det Axle 1 Transcon Alr Trsp 0 Trans Lux Pict 0 Trunz Pork: Stri 8 Union Tobacco 3 Uni Carbon vte 134 Uni Elec bond, rts G Imp C P e Dye Wks.. 100 1 0: 2 1 1 1 Wheel Corp 3 Worth Inc, A 4 Zenith Radio 8 Zonite Zalasin MINING STOCKS. hundreds. 14'Carnegle Metals ... 10 Com Tun & Drain 10 Gons Cob_Mines. 18 Cresson_Gold 10 Divide Extens § Dolores Esper . 10 Palcon’ Lead. M 10 Golden Center M . 30 Hud Bay Min & Sm 2 Iron Cap Copper 5 Mason_ val 13 New . Cornelia 28 Newmont Minin 14 Nipissing 99 Notanda. . 293 Ohio Con s s Roan Anteiope’ Gop: 43 Shattuck Denn i 8t “Anthony Gol 10 Tonopah Ext 7 Tonopah Min 13 Uni Verde Est "o 3 Walker Mines . 3%, 30 Wendon Coo - % Yik Alas Tt cfs 10 Yukon Gold - Sales INDEPENDENT OIL STOCKS. in hundreds. 4 Am Con Oilfids . 14 AR Maracaibo Co 32 BRI el ¥ 5 Barnse 1 Carib Synd Cities Serv Cit Serv B_pfd Columbia Synd .. 32 B8u.50385802 - & W s ISR! R H Intercon Pet Lion Oil_ . Magdal Synd Mexico Ohio Mount Gult Mount Prod N Y Fet Rovalty . Pac Western Oil wi Pandem Ol . Pantepec Oil “Y" Ol n Plymouth Oil 3 Reiter-Foster Otl Ryan ¥Con ... 3 8alt Ck Prod "1l Shell Union rte ‘wi., 19 Texon Ol & Land 11 Venezuelan Pt . Sales in STANDARD OIL 1SS8UES AND units. FORMER SUBSIDIARIES--STOCKS. 700 Anglo Am Oil. 160 Contl Oil .. 1700 Humble O & R : 1100 Nat Transit 1400 Ohio Ol . 9000 Prairie O & 150 Prairie P L... 150 Solar Refin. . . 1200 South Penn Ol 1 1 1 3 esee 18% 211% 212 i 68 ) i5s 93% NOVEMBER 29 1928, 100S O Kansas 37008 O Kentucky 2308 O Ohio. ... 1500 Vacuum O1l Sales in BONDS. thougands. © 8AbTa & Streuss §'as 16 Abitigi P&P 55 A.... 4Ala Pow 41 : Ala Pow §s7° 1 llied Pack ' 8& ium Co Amer 5 1 m Con Ale 65 A . m Gas & EI 55 m & Lt 6s m Roll Mill 5s m Seating 65 naconda 6e A al ow 5. Arkp % 0% 98 Asso Gas & El 5ias 1013 Assoc Gas & EI 4'5s. 10514 5o 35 1793 10815 9914 110% 2235225 >; ‘Assoc G & E 41 9 Bales Vo RNB"’:';'W tes Valve, Bag 65, Bell T Can 58 A- ... 102 Boston & Me 65 M Cent’ States EI 3 s, Cit Ser Gas Pin Cit_Serv_ Pow 5 Common Cons G 1Det Intl Glax..... 11Det Intl 7ac... . 24 Empire O & K 575 1 Fairbanks ‘Motse 55 - 9 Farm N Mg Inst 15, b Fed Sug 6y 138 Fed Wal sery'5 o P& L 8 2Gal Sig’ PeL i ... 9 1A Iny 55 A wii 8815 1 Havon 65 eorgia_Pow 5s.... 1Grand Trunk 6iss l’ ),-l'mvm'on 2"” (G 6las 97 ouston Gulf G 65 A 947 22 Ind Oil & Gas 6s.. 1Int Pow' Sec 75 E 4Int Sec Amer 55 13 Interstate Pow 5s 1 Interstate Pow 2 1; Invest Corp Am_3s ‘A 101' 2lowa Neb L&P 5s A. 96 3 fi”“" &C;{Dllbss ems 1] 6: 47 Kendall 5'5s. - 12 Kop Gas & Coke : 5 Lehigh Pow 65 A. 4 Libby McN & L 5 1 Louis Pow & Lt ] Manitona P Mass Gas 5 1 Milwaukee 12 Morris & Co- % 30 Narrag_Co 5s A 9 Nath_Strauss In 1Nat Pub Serv 5s. ANY P & L d'as .. 5Nor SP M 6l;s C 10hio Pow 5s '52 B. 11 Oszood Co 65 1 Oswego Falls 6s 7Pac I t _5s. B Pac West Oil 6las 9 Penn Oh Ed 6s A ww 6 Phila Suburb 4'as 8 Pitts Steel 6s... .. 13 Potomac Ed 5s E. 6Pow Corp N Y 5'a 7Rem Arms 5'ss. 20 Richfld_Oil 5'>s 74 Servel Co Del 5s . 18loss Sh 6s P . 13 Snider Pack 6c . 13 Southeast P & L 28ou Cal Ed 55 °s: 6 South Dairles 6s ... 18Southw P & L 65 A.. 18tand Invest 5s 98tand P & L 6s . 10 Stutz Mot 7'zs . 18Sun OIl 5lue” . 2 8wift & Co 5s . 1Tem P & L 5 5 Truax Traer C 6'28 1Uni Lt & Rail 5'.s’ 5Uni Lt & Rail 65 A 1.2 100 c 65 12915 .. B8% <cacaaa 3 9 1 5 1 2 4 2 estv_ Chlor 5%as '37102% 50 Western Pow 5'zs A. 1077 Sales FOREIGN BONDS. in thousands. 1 Adriatic Elec 7s ... 6 Berlin 6s .. 2 Bolivia 75 2 21 Cauca_Valley 2 Cent Bk _Ger St 65 B 7Com & Pr Bank 5!as. 4Cuba Co 65 ...... 2 Danzig Port 8ias 13 Denmark 5'as 10 Denmark 125 . 2 Finland Res Mig 63 2 Pirst Bohem Wks 75. 1 Prankfort 6'as ... 12 Free St Prus 6s 2 Free St Prus 6! 1 Gelsen Min 6s . iGer Cons Mun 17 Ger Cons Mun 6s 17 Ger Pr & Com 625 A 1 Hamburg E 5Yas 873 3 Isotta Fraschini 7s.'107} 2Ttal Superpow 6s.... 81'a 6 Jugosl Sta Mor Bk 78 12 Lombard EI 78 'A ww i Mendoza Thas '51 11 Minas Geraes 623 7 Montevideo 6s A 1 Mor Bk Bogota 7s. . 1 Mor Bk Chile 6s '3i 12 Muni Medellin 6'2s 1 Nippon Elec 6§ 10 Parana 7s. 1Potrero Sug 75 LBlo Grande 7s 61 5. £ 2 Sllesta 75 ... 5 Stin Hugo 7s '46 wa. 1Tyrol Hyd Elec 7s.. 13 Uni Elec Serv 7s A.. 42Uni E] Ser 7s A ww. s A xd—Ex dividend, Wi_When ' issued. n—New. Ww—With warrants. WHEAT PRICES GAIN ON INITIAL DEALS Market Advances on Reports of Unsettled Weather in Argentina. By the Assoclated Press. CHICAGO, November 22.—Reports of unsettled weather in Northern Argentina likely to interfere with the wheat har-! vest tended to make wheat prices here| average higher early today. On the other hand, the corn market was easier as a result of improved condition for the movement of corn. Opening un- changed to 3% higher, wheat held near to the initial figures. Corn started un- changed to % off, and subsequently continued to point downward. Oats were steady. Provisions declined. Upturn today in wheat quotations here took place notwithstanding that the Liverpool market was lower than due and despite the fact that some authorities were circulating enlarged estimates of the Australian wheat yield. On the other hand, in addition to re- ports of adverse weather for the Argen- tine harvest, advices were current thi wheat consumption in Europe is heavy and that wheat stocks there are not ac- cumulating. Besides, some messages today from Argentina said crops in the South were being damaged by hot winds. Commission houses were quite general sellers of corn today at times. Aside from clearing weather in the corn belt talk was heard that in some cases Euro- peans had canceled recent purchases of corn. As against such factors, friends of higher prices pointed out that ship- ment of feeder cattle into the corn belt this season showed an increase of 21 per cent and that farm feeding of the 1928 corn crop began 30 days or more earlier than usual. PLANS BUSINESS PARLEY. CHICAGO, November 22 (#).—A unique conference of business men representing all branches of industry from the producer of raw material to the retailer of finished products has been decided upon by Rotary Interna- tional following a week’s conference here between the international board of di- rectors and chairman of the various Rotary committees. The conference is to be held in Chicago some time in February or March, and will direct its efforts as a fact-finding commission to search out any ills in competition affecting the buyer and seller. NEW YORK BANK CLEARINGS. NEW YORK, November 22 (Special). —New York bank clearings, $1,550,000,- 000; New York bank balances, $15¢ 000,000; New York Federal Reserve balances, $141,000,000. President Thomas C. Boushall of the Morris Plan Bank of Virginia has salled | for Europe fo assist in the formation al & Hjola Flsh b0 Laget a1 1 pel 50a60; FINANCIAL., Baltimore Markets Special Dispatch to The $tar. BALTIMORE. Md.. November 22 Potatoes, white, 100 pounds, 80a90 reds, 75a85; sweet potatoes, barrel, 1 2200; bushel, 50a1.15: yams, barrel 1.50a3.00; beans, bushel, 3.50a5.00: beets. 100, 4.00a5.00; broccoli, bushel, 60a75; cabbage, ton, 28.00a38.00; car- rots, 100, 4.00a5.00: cauliflower, crate, 5a2.25: celery, crate, 1.50a3.00: kale, bushel, 50a60; onions, 100 pounds, 1.2 4.00; oyster plant. 100. 6.00a7.00: pep- . 'crate, 3.00a7.00; parsnips, basket, pumpkins, 100, 10.00230.00; spinach, bushel, 35a75; Savoy cabbage, bushel, 75a1.00; tomatoes, crate, 3.00a | 450; turnips, basket, 20a30. Apples, bushel, 7582.00; cranberries box, 3.00a4.00; grapes, basket. 40a50 grapefruit, box, 2.50a4.00; oranges, box, 2.5085.00: pears, bushel, 1.25a3.00; | Kieffer pears, basket, 20a35. | Dairy Market. Poultry — Alive — Young pound, ~38a40; old, 33a38: Spring chickens, 20a27: Leghorns, 20a25; old | hens, 22a27: Leghorns, 20: small and | poor, 18; old roosters, 18a20; ducks, | 22a25: small, 18a20; gee: Guinea fowls, each, 40a85 pair, 30. Eggs—Receipts, 2,963 cases and nearby selected white, free cases dozen, 52; firsts, 47ad8; current re-| celpts, 45a46. | turkeys, | to . fancy prints, 37038; s process butter, 43add. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, garlicky, | spot. 1.33'%; November delivery, 1.33%x. | Corn—No. 2. export. December deliv- ery, 987;; No. 2. domestic, yellow cob corn, 4.50 per barrel Oats—No. 2. white domestic, 56a56'-; No. 3, white, domestic, 5412255, Rye—Nearby. 1.10a1.20. Hay—Receipts, none. While hay is | arriving here in limited quantities only, it is more than ample for the demand. whica is being supplied mostly by truck from nearby points, few carloads being | received. There is not enough business | creamery passing to establish prices on_the vari- |} ous kinds and grades, and all arrivals | sell strickly on merit at a range of | 16.00218.50 per ton for timothy and | | clover hay. 4 Straw—No. 1 wheat. 11.00a12.00 per | ton; No. 1 oat, 12.00a13.00 per ton. e, BANK NOTE DECISION FACING TREASURY Present Issues Furnish Problem to Be Solved by Mellon. The Treasury Department is in the | midst of a serious study as to what to { recommend to Congress concerning the outstanding issues of national bank notes, which for vears have been recom- mended by the Treasury for retirement from circulation. The problem is being brought to a | head by the issuance of new small size | paper money in all kinds except the national bank notes, and the fact that this turning point in the currency of the United States appears to be a proper time for’ disposing of the na- tional bank note question by congres- sional action. Secretary of the Treasury Mellon is known to feel that the national bank notes are-not in line with the present ‘flmncm system of the country, based as it is on the Federal Reserve system. The national bank notes are ,still in the pocketbooks of the American people, and new ones are being printed at the Bureau of Engraving and Printing in the present size money, but no plans have yet been made to replace the hundreds of steel engravings which are necessary for the national bank notes by the smaller size. ‘There are now outstanding and avail- able for bank note circulation three issues of securities: Two per cent con- sols, which are callable on or after April 1, 1930, and two issues of Panama Canal bonds bearing 2 per cent interest, payable 1936 and 1938, respectively. In amount the consols constitute the largest percentage, or $599,724,050, while the 1936 Canal bonds total | $48,054,180, and the 1938 Canal bonds total $25,947.400. The specific recommendations to be made to Congress are not known as| yet. As far back as 1924 Secretary | Mellon recommended retirement of the | national bank currency and presented the argument against the currency at great length. Lead Buying Increases. NEW YORK, November 22 (/). — Large-scale buying of lead and zinc featured business in non-ferrous metals last week, although copper sold in close to average volume, Engineering and Mining Journal reports. Tin plate in- terests were good buyers of tin for both prompt and forward delivery at ad- vancing prices. Platinum and quick- silver were unsettled, with no quota- tional change. Egvpt will advance $20,000,000 to its small cotton growers $10 invested eack month at | —Florida | tractiv | Hambur NEW YORK PRODUCE «4{ARKET NEW YORK, November 22 (Special) fresh string beans, finest green flat variety, sold as high as 8.00 per 28-quart hamper; green round reached 6.50 and wax, 7.00. Upstate New York round white po- tatoes in bulk seldom showed quality ugh to exceed 2.00 per 180 pounds. Maine Green Mountain pota- toes sold at_principally 2.25 ester York bushel b: pound rots real Jobbing ing apple were made a 23, inch. 6.00a7.00 v in the rough peddied o cks ed 3. alet State ¢ from 1 3.90: sold as high as 40 per tol California green peas ity in bushel hampers cha 6.30. Inferior stock, how out as low as 2 Pender Co. Profit. EW YORK. November 22 (4) profit of the David Pender Grocery Co | of Norfolk, Va., for the past 10 month: | amounted to $254,192, an increase of 17.9 per cent over the net earnings of 1 for t 10 months of 1927 Sales v 704, an increase of 16 pei in 1927 PARIS BOURSE PRICES. PARIS, Nove vhanges were | Three per 5 centimes centimes centime: quoted a ne SILVER QUOTATIONS. NEW YORK. November 2 silver, Mexican dollars, TREASURY CERTIFICA ted by J. & W. Selizman TES. ¢ & FO;{EIGN EXCHANGE. (Quotations furnished by W. B. H Neminal value (or p: pound chma. .. Vienna ' schlling Budapest. Pragus Wer Copenhagen. Jslo. crown Stockholm, SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co. Bid 100 | crown | Allis-Chalmers Co. 5s 1937. Aluminum Co. of Amer. 5 Americar Tel & Tel. 45 1929 Ansconda Copper s 1929.. Balto. & Ofio 4'»s 1933 Butavian Pet. Corp Beil Tel Canaaian Nor. ok Chesa. & Ohio Rwy. 4 Chicago Rock Island 4s Colotado & Sou. Rv olumbia_ Gas 11 Beston Accep. Corp. 6s 1 lo40 5 19 1934 4s 1920 5s 1952 937 Union Ci relair Crude Ofl Co. 5 uthern Pac. R | So Standard OIl N & Co. 55 1952 . Unicn Oil Co. of Calif. 55 i | U. 8. smelting Co. 5i:s 1933 Western Electric Co. Westinghouse EL & Wheeling Steel Corp.’ 5 GERMAN BONDS AND STOCKS. Special Dispatch to The Star. NEW YORK, November 2 Bid. Asked 55.00 60.00 36.00 4000 Ger Govt Red Loan with draw ctfs att per 100 R M Ger Govt Red Loan without draw ctfs per 1.000 R M (Quoted in doliars per million marks.) 4lus 1919 > 0.00 (Quoted in “dollars’ per 'thousand Ger Gen El pre-war... 22.00 Ger Gen Elec 1919, 2325 Berlin 4s pre-war. ... . %00 Hamburg 3s. 3155 & 45 Dre-war 3 Hamburg ‘American Line 4' 2100 North German Liovd 4 Krupp 5s 1921.... Dusseldorf 4s pre-war & Frankfort a-M 4s pre-war Munich 4s pre-war... ........ (Quoted in_doliars per ‘shar A E G (Ger Ge Elec) L. 4400 A E G (Ger Ge Elec) pfd Commerz and Privat Bank I G Farben : Disconto Gel: Berliner Han Dresdner Deutsche Bax Darmstaedter Heyden Chem Mercur Bank Vienna North German_Llovd E G (Gen Elec) tadt 9.00 44.00 3100 Banl Austrian A Rudolph Ka Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. 420 Wash: L. & Trust |Joseph I. Weller $:0 Wash: L. & Trust 6% with the interest re- inyested at the same rate will accumulate $4,880.10 in 20 years. In these years you wil ll have invested in cash only $2,400 and your earned interest will be $2,480.10 — more than the sum actual invested in cash. Even at forty, if you invest $50 to $100 a month, you will be well-to-do 'by your sixtieth birthday. / 6%% Compounded Semi-Annually By systematically reinvesting the interest from your first bond, it will help to pay for another. Soon you will bave interest on two tonds helping you pay for a third; interest on three bonds helping pay for a fourth, and so on. Can you think of a faster, surer method for the average man or woman to gain financial independence? " Send in your name and address on form below for Jree book, ““How to Build an Independent Income.” SE THIS COUPON==""= THE F.H.SMITH CO . Investment Securities — Founded 1873 Smith Building - Washington, D. C. 4 (815-15th Street, N. W. - Main 6460) Browck offices in— New York—and Other Cities