Evening Star Newspaper, November 23, 1928, Page 14

FINANCIAL, Mortgages Investments JAMES Y. PENNEBAKER Main5328 1520K St.N.W. SUBSTANTIAL GAIN Let us have your applications “LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. = | Real Estate Mortgage & Guaranty Corp. | |, COMMON STOCK B. HANSFORD WILLS CO. Barr Building Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 Money to Loan - 6% - Stocks & Bonds Listed and Unlisted Liberal Loans QUICK ACTION NO DELAY No Endorsers Confidential Security Mutual Loan Company . 1010 Fifteenth St. (Investment Bldg.) Franklin 1863 Washington, D. C. Real Estate Mortgage & Guaranty Units F. H. Smith 79, and 7Y% Preferred Stocks BOUGHT & SOLD Thomas L. Hume 1412 G Street Main 1346 Main 4733 REAL ESTATE LOANS 519 Homes, Apartments and Business Properties In District of Columbia and Nearby Maryland-Virginia 3-5-10-Year Terms Prompt Replies Randall H. Hagner & Co. (Incorporated) Decatur 3600 1321 Connecticut Avenue Mortgage Loan Correspondent New York Life Insurance Co. REAL ESTATE BY MERGENTHALER Stock Reaches 105—Ex- change Closes Tomorrow. Insurance Club Elects. BY EDWARD C.. STONE. Mergenthaler Linotype figured in an |advance of 17 points on the local Stock Exchange today, when it climbed from yesterday's close at 10313 to 105. The day's sales to- | taled 49 shares, and the sirength in the | stock was attribut- !Pd to the excellent | annual report just i published. Other stocks maintained recent | lavels. Washington Gas again_sold at its new high of 106. The highest- priced utility stock on the board, Rail- way & Electric common, came out | at 425, same as the last previous sale. Potomac Electric Power 6 per cent preferred moved at 1111, and the 515 per cent issue at 10815. Riggs National Bank warrants wit- nessed fractional sales at 315, and 40 shares of Federal-American National sold at 33 Amecrican Sccurity & Trust registered 453. In the bond division Potomac Electrie first 55 were {in particularly good demand at 993 and 99%5. Railway & Electric 4s moved at 9134 and 91%, Capital Traction 5s at 103%, and Anacostia & Potomac 5s at 95. The Washington Exchange will follow the example of the New York Exchange and be closed tomorrow, the Gotham | action being taken to clean up the | deluge of delayed reports on stock pur- | | chases and sales. C. J. Gockeler, The annual meeting of the Insurance | Club of Washington was held Wednes- day evening at Wardman Park Hotel. James C. Adkins was re-elected presi- dent; A. J. Voorhees was elected vice president, Elmber L. Mantz was re- elected treasurer and Henry A. Latimer was re-elected secretary. The following were elected to the board of trustees for three years: Eugene G. Adams, T. Bryce Conlyn, John T. Jones and Bertram G. Lennon. The other trustees of the club are Ed- ward S. Brashears, Thornton P. Bo- land, William D. Ellett, Edgar K. Legg, jr.; William N. Payne, jr., and William H. Ronsaville. The club was organized in the Au- tumn of 1922 and its members include many of the leading fire, casualty and surety agents in the city. It is parform- ing a useful service along educational lines and has done much to promote harmony and good will among its mem- bers. The year just ended has been an outstanding cne of accomplishment and President Adkins was heartily thanked for his capable leadership. Govern Local Stock Exchange, The board of governors of the Wash- ington Stock Exchange, as it stands since Wednesday’s annual meeting, in- cludes W. B. Hibbs, Y. E. Booker, Ed- ward L. Hillyer, C. J. Gockeler, Eugene E. Thompson, Charles Carroll Glover, jr, and George O. Walson, the presi~ dent, serving ex-officio, Mr. Thompson hat been elected chairman of the board for another year. Both Mr. Thompson and Mr. Hibbs have served the Ex- change many times as president. All these men are experienced in finance and form one of the strongest governing boards that the Exchange ever had. The annual meeting brought out many old members who do not attend regu- larly, and all were most enthusiastic ?‘ver the present status of the organiza- on, C. J. Gockeler, who was re-elected secretary, has held this position for several years. His annual report showed ! many new issues added to the list dur- | ing 1928, and the membership up to the limit of 40. Secretary Gockeler is vice president of the District National Bank, Convention Hall Dividend Voted. The directors of th: Washington Convention Hall Co. have declared their regular semi-annual dividend of 31 per cent, payable December 1, on the pre- ferred stock of the corporation. The books of the corporation were closed for transfer of stock on November 22, to be reopened on December 4. Capital Leads in Iusurance Sales. The Life Insurance Sales Research Bureau reports that the South Atlantic | section records a very slight decrease {"Am Hide & Lea. | Am lce(t2%)... | Am Linsa pf(7). 1521 Adkins Re-elected Insurance Head. | |, ' 'THE EVENING STAR,” WASHINGTON, D. C.” FRIDAY, NOVEMBER 23, 1928.° Open. High. Low. Close. Abitibl Pow (4). 45 48% 45 4Th Aoitibi Po pf(6). 83 84 821% 82% Abrahm&Straus 110% 110% 110 110 Adams Exp(6).. 375% 378% 375% 378% Adv Rumley.... 51% b52% 50 51% Adv Rumley pf.. 61% 61% 61% Ahumada Lead.. 3% 3% 3% Air Redetn (13). 86% 84 84 Ajax Rubber.... 11 10% 10% Alaska Junea... 8% % 8 Albany Papr(2). 25% 26% 25% Allied Chemn.... 235 2374 234 234 Allied Cm pf(7). 123% 124 123% 124 Allis-Chalm(7). 144 144% 143% 143% Amal Leather 10% 10% 10% 10% Amal Leather pf 75% 756% 175% T75% | Amerada(2).... 42% 43 41% 41% Am Agricul Chm 28% 23% 23% 28% Am AgriChpf.. 74 6% 3% T4 Am Bank N(3). 135 135 134 134 Am Beet Sugar. 17% 17% 17% 17% AmBeetSugpf. 50 50 50 50 Am Bosch. . 36% 38% 386% 38% Am BrSh(j1.60) 45 45 44% 45 Am Brown Bov.. 15 16% 15 15% AmCan(2)... 112% 118% 110% 111 AmCar&Fdy(6). 94 94 93% 93% Am C & F pf(7). 118% 118% 118% 118% Am Chain pf(7). 84 84 84 84 Am Chicle (2).. 46 46 Am Drug(80e).. 11% 12 Am EncauTil(3) 82 82 v Am Express(6). 296 299% 292 299% Am & For Pow.. 54% b54% 531 534 Am&ForP pf(7) 108% 108% 108% 108% Am&ForP2d7. 96 96 95% 95% M M 9% 9 85 © 85 83% 8374 42% 42% 42 42 Am Ice pf(6) 921 921 921 921 Am Internatl(2) 129 131% 128 129 Am LaFr&Foam .9 9 8% 8% Am Linseed..... 147 152% 147 152% 159% 152% 159% Am Locomot(8). 10112 101% 101 101 A Machine (15% 173 174 172 174 Am Metals(3).. B5% 68 55% 68 Am Metals pf(6) 115 1156 115 115 £ 16% 16% 16'% 164 Am P& L (f TP % 7T 59 Am Pow pf(sta) 85l 85's 185% 8% AmPo&Lt pf(6)] 102 102% 102l 102 Am Radiator(5). 188 189% 187 189% Am Ry Ex(6)... 130 142 130 139% Am Republide... Td% 747 72'% 72% Am Saf Raz\r3). 70% 74 70 2% Am Seating(3).. 32 33% 32 33u AmShip&Com. 4% 44 4% 44 Am Smelting(8) 2817 282% 2744 278 Am S & Rpf(7). 187% 137% 137% 187% Am Sruff(12), 189 189 189 Am Home Pr(3) Am Sugar pf(7). 108% 108% Am Sumatra (3) 57% 57% 56l 56% Am Tel & Ca(5). 21 21 21 21 Am Tel & Tel(9) 193% 196% 193 Am Tobacco(8). 178 179 178 Am Tobac B(8).. 179% 179% 178 Am TypeFo(8).. 135% 136 134% 134% AmWW&EI(cl). 64% 64% 63% 63% AmWWi1st pf(6) 101 101 101 101 Am Woolen 29% 29% 29 29 Am Woolen pf.. 61% 63 61% 624 Am WrPapfefs 44 44 44 44 Am Zine. 44 44 Anaconda (4 110% 111% 108% 108% Davison Chem. Debenhms (2.91 Detroit Ed(8$)... Detroit Ed (rts) Devoe A (13.20). Dodge BrosA. .. Dome Mines(1). Drug Inc(4).... Dul S § & Atlan. Dunhill Int(4).. Dupont (i118%). Dugq Lt 1st(5). .. Eastman(t8)... Eaton Axle(2).. EatonAxle(rts) Eisenlohr&Bro. . Eitingon(2%). .. Eitingn pf(6%). Elec Auto Li(4) Elec P&Lt pf(7) Elec Stor Bat(5) Elk Horn....... Em Brantgm(A) End-John(5).... Eng Pub Ser(1). Eng Pu S pf(5). Equit Bldg(2).. ErieRR. Erie 1st pf. Erie 2d pf. Exchange( Fairbanks(3)... FedLight(h1.40) Federal M & Sm. Fed MotT(£80c) . Fidelity-Phoenx First-NatS(1%). Fisk Rubber. ... Fleischmann(3). Florsheim (A).. Foundation Co. . Fox Film A(4). eeport (1615). ler pr pf(6). briel Spub A.. Gardner Motor. . Gen Am Tnk(4). Gen Asphalt.... Gen Asph pf(5). Gen Cable...... Gen Cable A(4).. Gen Cigars(4).. Gen Elec(f5) GenElec sp(60c) Gen GasA (ol11%) Gen Ice Crm(3). ‘| Gen Motors 93 Gen Mot (New). Gen Mot pf(7).. GenOutdrAd(2). Gen Outdr Ad(4) Gen Ry Sig(5).. Gen Refrac(¥).. Gillette S R(e5). Gobel (Adolph). Gold Dust (5) Goodrich(4).... Goodyear Tire. . Andes Copr 75¢ 50% 51% Archer-Dan(3).. 110% 111% 110 111% Armour Ill(A).. 16% 16% 16% 16% Armour IlI(B).. 8% 8% 8 8% Armour Ill pf(7) 85 85 84 85 Arnold Con & Co 42% 48 42% 42% Artloom(3) 38% 33% 33% 33 Art Metal(1 29% 204 29 29 AssoDryG(2%). 656 60 56 59% A'chison(10)... 200 200% 198% 198% Atch T&S Ferts 3 3 2% 2% Atchison pf(5).. 104 104 104 104 Atl Coast L(110) 170 170 170 170 Atl Gulf & WI., 48% 48 484 Atl Guif pf(3).. 59 58% 6584 Atlantic Ref(1). AtlasPowder(4). Aulas Tack. Austin-Nich Auto Sal .o Auto Sales pf(3) Autostrap A (3). Balto & O(6). 38l 38% 38% 38 45 45 4% 44 115% 116 114% 116 Balto & O pf( 8% 78% T8l 784 Bang & Ar(3%). 70 70 70 70 BankofCom(18). 705 1705 1705 705 Barker Bros(2). 30 30% 30 30% Barnet Leather. 24% 24% 24% 24% Barnsdall A (2). 47% 47% 46% 474 Bayuk Cgrs (2). 1 22 8315 14 85 Beecn-Nut (3).. Belding-Hemwy Belg N R pf(16). Best & Co(3).... 96k 93% 934 Be'hlehem Steel. 827% 841 80 83 Beth Steel pf(7) 121% 121% 121% 121% Bioomingdale... 43% 43% 43 43 Bon AmiA(4).. 7% 79% % 1% Booth Fisheries. 10% 11% 10% 10% Borden Milk(6). 165 167% 165 166% Boston & Maine. 79% 80 9% 80 Briggs MfgFCo. 52 52% b1k 52 British Empire 4% 4% 4% 4y British Emp 2d.. 8 8 8 8 Brockwy Mot(4) 69% 70% 68% 69 Bklyn-Man(4).. 66 Bklyn-Man pf(6) 90% BklynUnGas(5). 168 BrownShoe(23;) 46% , 46% Brunswick B(3) 56% 57% Brunswick Ter.. 42 43 Bucyrus(1)..... 39% 41% Bucyruscv(2%) 47% 49% Buft & Susq 56% 554 554 Buriis Bros. 125% 1256% 125 Burroughs(t4).. 172% 173 Bush Term(g2). 69 85 96 85 1256 172% 173 Goodyr 1st pf(7) Gotham($23%).. Gotham n v 3234 Gotham pf(7)... Graham-Paige. . Grhm-Paige cfs, Granby-Min (4 Grand F&W (1). Grand Unon. .., Grand Un pf(3). Grant W T (1).. Grasselli (2.68). Grt North pf(5). Gt NoOrefs 2% . Grt Wn Sug 2.80, Open. High. 62 624 39% 39% 191% 192 123% 132% -58% 58% 201 16% 18% 55 584 2% 2T% 815 118 3% 95 485 488 101% 101% 187'% 188 64% 68% 1% 2% 54% b5 35 36 106% 108% 1107 111 397 107% 107% 96% 96% M % 8 8 8% 79 AT% 93% 327 69 60% 58% 23% 44% 56% 192% 193% 21% 21% 104% 105 65 69 13% 13% 84% B4k 55% 46 100% 12% 9% 8l 120% 1217% 381 38% 8lly 82 60% 61 1867 1874 1% 11% 3% 1007% 1024 207% 215% 847 88Y 124% 124% 34 51 106 % TT% 117 117% 51% 51% 92% 92% 29% 304 60% 62 115% 123% 82% 83 92% 95% 102 1024 89% 89% 83 83 109% 109% 44% 45 38% 39 82% 84% 91 a1 34% 34w 56% b56% 17 95 112 33 33 Greene Cana(6)". 169% 170 Guantanamo Su. Gulf Mo & Nor.. Gulf Stat Sti(4). Hartmn B(1.20). Havana El Ry Household(t4). . Houston Oil. . Howe Sound(4) Hud Man(2%).. Hudson Mot(5). Hupp Mot(£2).. Illinots Cen(7).. Ind Oil (1%)... Indian Mot (1).. Indian Refining. Indian Refg ctfs Indust Rayon... Ingersoll R(t5). Inland S(k16% ). Inspiration ((3) . InterboroRapTr. InterconRubber. Internat Agri... Int Ag Ch pf(7). Int Bus Ma(5).. Int Cement(4). . Int Com Eng(2), Int Harv(j6).... Int Mtch pf 3.20, Int Mer Marine, Int Mer Mar pf.. Int Nickel (3)... Inter Nick pf (6) Int Paper(2.40) . In Pap pf cfs(7). Int Paper (A) Inter Paper B Inter Paper C 6 6 53 53 68% 69% 26% 25% 10% 11% 67% 69% 82 83 20 20% 49% 497 6 T4% 5% 139% 140 36 36% 24% 26 36% 37% 31% 33% 135 140 102 103 T4% 148 48% 48% 40% 42 1% 11% 16% 16% 3% 83% 164 81 694 380 380% 98% 98% 8% 5% 3% 38% 191 205% 120 120 Low. Close. 60% 2 60% 39 39 189%% 192 132 Miller Rubber Minn & St Lou! Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific. Missouri Pac pf. Mohwk Car 2% . Montgmry W 15. Moon Motor. ... | Mother Lo(30c). 4 | Motion Pic Corp. Motor Meter A.. Motor Prod(2).. Motor Whl(t214} Mullins Mfg. . Munsingwr (3) Murray Corp. Murray Corp ri Nash Motrs(16). at Acme(sta). . Nat Bellas Hess. Natl Biscuit(t7) Nat Cash R A(3) Nat Dairy (13). Nat Dept Stores, Nat D St 1st(7). Nat Distillers Nat Enamel &S. Nat Lead(5).... Nat Pow&Lt(1). Nat Radfator. Nat Ry Mex 2d.. Nat Supply (6, Nat Tea()..... Nevada C(1%).. N Y Air Br(3).. N Y Central(8).. N Y C&StL(6). N Y CStL pf(6). N Y Dock....... NYNH&H (2). N'Y Ont&Westn. Norfolk South. . Nort & Wn(10) NorAm b10% stk NorAm Ed pf(7) No Germn Lloyd 101% 187% 6412 101% | 187% 66% 2 55 35 1084% 110 11% 39% 107% 95 % Oil Well Supply. Omnibus OvpmCollins(f4) Otis Elevatr 18. Otis Steel. Otis Stl pr p Owens Bot(ct4). Pacific Gas(2).. Pac Lightg (3).., Pac Oil Stubs. , . Packard M 151 . Pan-Am Petrolm 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 RR(3%).. Pere Marq({8). . Phila & RC&I. Phil Morris(1).. PhillipsPet(1%) Plerce-Arrow. . . Pierce-Artow pt Plerce Oil. .. Pierce Ofl pf. . Plerce Petrolm. . Pillsbury (12.10) Pitts Coal. .e Pitts Term Coal. Pitts&WVa(6).. PortoRICOTobA . PortoRicoTobB. Postal T&C pf 7. Postum(3)..... Pressed Stl Car. Pr Stl Car pf(7). Produ & Refinrs. Pub Serv NJ(2). Pub Serv pf(8 Pullman Co(4). . Punta Aleg Sug. Pure Uil (1) Purity Bak(3) Radio Corp. RadioCo pf. RSCefs(4).... ReadingRy (4).. | Reading 2d(2).. Real Silk Hos. .. Remingtn-Rand. Reo Mot (11%). Repl &S(4).. Reynolds Spngs. ReynldsTobB(5) Richtield Oi1(2), Rossia Ins(5)... Royal D(a3.222). Royal Dutch rts. St Jos Leaa13). StL & SanF(18). StL&SanF pf(6) Savage Arms(2) Schulte (j31) % | Seab Afr Line. .. Seab Air L pf... Sears-Roe(32% Seneca Copper.. Shattuck FG(2). Shell Un(1.40). Shubert The(6). Simmons Co(3). Simms Pete. Sinclair Oil. Skelly Of1(2) . Sloss-Shef (6 32% 165% 6 132% 70 55% 8315 2% n. High. 22% 22% 2% 2% 52% 53% 105 105 T0% T0% 121% 122% 55% 60 425 425 6% 6% 3% 14% 19% 157% 109% 110 47 47 106% 1067% 2T 27% 169% 169% 36% 37% 52% 53% 124 125% 41% 42% 1% 1T% 3% 3% 127 345 346 367 3T% 46% 46% 1844 1847% 135 137 107% 107% 48 48 74 % 2% 28 57% 58 1921 192% 8% 86 101% 101% 69% 69 112% 11145n 109 1001 Sx 6 29 79 9% 9% T8Y% T9% 32% 35% 35% 12% 19% 68% 147 36Y% 121 20 68% 149% 34 34% 19 193 51% 52% 22% 23 60% 62 3 3% 36% 6 56% 64% 324 1563% T5% 28% 46'% 103% 26% 167 18214 127% NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. 126% 368 B58% 9% 104 4% 51 29 28% 88Y% 12 163% 521% 234 62% T 45% 118 96% 40% 52% 17% 217% STOCK GAINS HIT BYHEAVY SELLING Tremendous Pace, Despite Profit-Taking. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK., November 23.—In a session which premised to break all rec~ ords for volume of trading, stock prices today first swung violently upward, re- acted sharply and then turned irreg- ular with a mixture of advances and declines at the close. Transactions were so heavy that the tape, even under the new system, which worked so successfully yesterday, fell more than 45 minutes behind. With an hour and a half of trading still to come, sales at 1:30 o'clock amounted to 5.312,000 shares and were increasing at a fast clip. ‘The afternoon reaction, partly due to concern over an announcement by the Federal Reserve Bank which turned out to have nothing to do with the market, and partly to the evening up of accounts prior to the full holiday to- morrow, was substantial, but did not seem to forecast any important breal Leadership of the industrials t y was assumed by General Motors. Kan- sas City Southern and Canadian Pa- cific were the features of the rails. Wall Street Briefs The Associated Rayon Corporation, which was_incorporated in. Marviand yesterday, represents an association of several of the world’s leading manufac- turers of artificial silk, financial backers of the project announced. The com- pany has acquired substantial interests in a number of European companies, including Vereinigte-Glanztoff and Bemberg of Germany, “Enka” of Hol- land and “Snia Viscosa” of Italy. The project will involve investments of about $60,000,000. A public offering of pre- ferred stock will be made shortly by Speyer & Co. and Lehman Bros. in New York and by foreign houses in Paris, Berlin and Amsterdam. Kroger Grocery & Baking Co. of Cin- cinnati has acquired the Cox Stores Co., Inc., of Little Rock, Ark., operator of 85 grocery and meat stores in the South and Southwest. One share of Kroger stock will be exchanged for 63 shares of Cox class B stock. Cox stock- holders will meet December 3 to ap- prove the ‘sale. In a code of trade practices adopted by substantially the entire cotton wrap- | ping twine industry guarantees agains price declines in orders or blanket con- | tracts are held unsound. Walker D. | Hines, president of the Cotton Textile : Institute, announced the code. | Stockholders of the Solar Refining Co. of Lima, Ohio, at the annual meet- | ing January 9 will act on reducing the par value of capital stock from $100 to | $25 and increase the number of shares from 40,000 to 160,000. { The Bank of “Montreal reports the | general level of production, distribution and consumption in Canada is high. although some seasonal decline in in- dustrial activity is apparent. Buliding construction is active, and mining of coal and ores larger. Stockholders of Happiness Candy | Stores, Inc., of Long Island City, N. Y., | have been offered privilege of exchang- ing their common shares for United Cigar Stores of America common on a basis of one United share for 5 Haj piness shares. Happiness, operator of a chain of 100 stores, has a sales agree- ment with United. Sales cf Consolidated Retall Stores, Inc, of St. Louis for the past 10 months amounted to $14.520,569, an in- crease of 28 per cent over the first 10 months of 1927. Stockholders of Kraft Phenix Cheese, Corporation of Chicago new common will be given rights to subscribe for 1 additional share at $20 a share for | every 10 shares held. Directors post- | poned their meeting to November 27. f New York’s newest bank, the Straus| National Bank & Trust Co., at the end of its first day of business today l'e-i ported deposits of more than $7,000,000. | Firm Shows Growth. ; NEW YORK, November 23 (#).— Evans Auto Loading Co. of Detroit, | which has entered into manufacture of ; battery boxes and battery separator | plates, reports orders totaling $2,500,- | 000. The company has purchased the FINANCIALDL." ' Equitable Co-operative Building Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 49th YEAR COI 2 Surplus & Profits. .....$1,601,704.98 Assets ceeesceneess.$5,513,051.63 Market Continues Activity at| Subscription for the 96th Issue of Stock Being Received Save Systematically in the Equitable ' No matter what you are saving home, old age, your chil- dren’s education . . . you'll find the Equi- nblul nyncm-n: -~ ings plan a great help. Start NOW and watch it grow. 915 F Street Your savings will ac- cumulate more rapidly if deposited in the Equi- table’s systematic plan of savings. Come in and let us explain about the plan. T CTENTNIIIINAR GUARANTEED SERVICE 100,000 Sq. Ft. of Ground A desirable site for a group of apartment buildings HIS ground is located in the city, within twenty minutes from the heart of the fashionable shopping and theater district. For sale at a very low price, and to inspect—phone Main 5027 023 NewYork, Ave. and 1237 Wisconsin Ave. Real Estate Loans Insurance REALTOR Diversification For Those Clients Who Prefer The Small Individual Loan Many Shannon and Luchs investors pre- fer to purchase First Mortgage Notes secured by entire loans on individual parcels of the most desirably located Im+ proved Business and Residential Real Estate in Washington. Present Diversification enables us to offer a number of such notes, subject to prior sale, which will appeal particularly to this clientele. Issued in_denomi of $100 $509 and S$1.000 First Mortsage / bearing interest at the rate of 6% For full particulars write, telephone or meaons Notes, call in_person. First Mortgage Investments Telephone Main 2345 1435 K Street Northwest Service AT the Second National Bank (there are two offices for your convenience) you may command our sesvices as executor, open a sav- ings account or commercial checking { in sales in Ogtober and is the only sec~ | tion of the country which failed to sur- pass its 1927 record. Maryland leads | with an 18 per cent gain. For the year to date and the 12-month period just ended sales in the South Atlantic sec- tion equal the 1927 records. The Dis-~ trict of Columbia leads both these periods, The East South Central section as a | | whole records a 14 per cent increase, ! | which. is shared by every State except | Alabama, which experienced a .slight | decrease. Tennessee leads with a 25 per cent gain. For the first 10 months the section shows a 6 per cent increase, | which is also shared by every State ex- | cept Alabama. The World’s Richest Family. “Gulf Oil is not a company as well known publicly as some of the Standard Oil and other oil issues that are active in the market,” says the Wall Street Journal. “It is a curb stock, selling above $160 a share. Not many months ago it was selling below’ $100 a share. The largest holders of the stock are the Mellons. The street has it that they own close to 90 per cent, but this, of course, is a guess. If true, the Mellon family is likely to become the richest family in the world if Gulf Oil shares sell at a figure predicted by some who have been buying it. “There are 4,450,116 shares of Gull Oil outstanding. At 8165 a share the recent hight, the stock capitalization has a market value of nearly $730,000,- 000.” 69% 68} 68% Western Lumber Manufacturing Co. of | 9 9 Marshfield, Oreg. Snider Packg Ce SoPoRicS 2% South Calif Ed.. South Dairies A. South Dairies B. 3outh Pac(6). South Ry(8) South Ry pf(5). Spang Chalfnt. . Spng Chal pt 1 NOTES Secured by First Trusts Butte Cop & Zine 9% 9% Butte & Sup(2). 10%- 11% 10% 10% Butterick Co., 42% 43 42% 42% Byer & Co. . . 154% 156% 152 152 By-Prod (13%). 95% 96 95 96 Calif Pack(4)... 78l 79% 78 8% 3 Y CallahanZinc... '3 8% 3 '3 Calu & Ariz(17). 126% 128 125% 126 | Jewel Tea (15). . Calu& Hecla(4) 45% 45% 45% 45% | Johns-Manv(3). CanDry (144). 814 814 78 78% | Jordan Motor. .. can Pacific(10). 24 51 39 249 Canon Mills 2.80. 45 4T 45 474 a0 CIty South. Caso Threshg(6) 485 615~ 485 4874 | KAUITN DS 134, Cent Alloy(2). 2% dgy | faveer d(). ... Century Rib M 18% ReB AL 1% 118% | Kelly-Spring. Int Preg Ink 23, Int Ry Cent Am. Int Tel & Tel(6). Interstate D 8., Intr Dep S pf 7. Intertype(t13). Island Creek(4). | account. Whichever phase you em- [ ploy, the Second National Bank | provides every facility and a wealth day acquired the Bedford Can Co. of Bedford, Va, Bedford Can provides the of experience. company with another important unit . Second National Bank industry of the South. The company recently acquired the Wheeling, W. Va., “The Bank of Utmost Service” 509- Seventh 1333 G Co. and now operates 28 widely Street N.W. Street N.W. . Continental Can Buys Plant. NEW YORK, November 23 (#). Continental Can Co. of New York to-| 125% 125% 28 28 63% 53% 167 167 192 192 13% 13% 84 85% 30% 30w 82% 85% 42% 43% 126% 128% Conservative Appraisals Chosen Locations 6% Interest AVER BROQ | pRA_/ AL, REALTORS 809 15th Street N.W. Main 9486 Can . distributed plants. Std Milling(5).. Std O of Cal(13) StdOIINJ (t1%) . StdO:INY(1.60). Std Plate Glass. StdSanPro(1.68) Staniey Co...... Stewart-War(6) Strom Car(2)... Studetaker(5) Submarine Boa Sun Ofl (g1) Superior Oil Superior Steel. Sweets of Amer. Symington Cl A, Telautogh(80c). Tenn Copper(1). Texas Corpn(3). Texas Corpn rts TexasGulfSul(4) Texas & Pac(5). Tex Pac C & Oil. T Cerro de Pas(5). Certain-Teed (4) | Chandler-Clev. . Chandler-Cl pf., Ches & Ohio(10) C& O Corpn(3).. Chi & Alton. . Chi & Alton pf.. Chi & Bast 111 pf Chi Great West. Chi Gt West pf. Chi Mil & St P.., Chi Mil & StP pt Chi & Nwn(4).. Chi Pne Tocl(6) . Chi R1&Pac(6).. CRI&P pf(6). CRI&P (7). Chickasha (3) Childs(2.40). Chile Copper(3). Chrysler(3).... City St B 5% stk Cluett-Peab(5). Coca-Cola(6)... Collins & Aikmn. Col & Afk pf(7). Col Fuel & Iron. Col Gas & EI(5). Col G&E pfA(6) Columbia Graph Col Carbon (4).. Com Cred(1) Com Inv Tr(} Open. Hizh. Low. Close. 42 4% 42 101% 35% 3% 144% Util P&L A(e2). Vanadium (r4). Van Raalte..... Vick Chem (4)... Victor Talkg(4). 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 Pic Warner Pic A Warner-Qu(2).. Warren Bros(4) Warren F&Pipe Web & Hell...... Wesson Ofl (4) West Dairy B West Muryland. West Md 2d pf.,. West Pacifie. ... West Pacific pf. . Waest Union(¥). . Westhse A B(2) Westinghse(4). . Weston Electric. White Eagle(2)., White Mot(1)... WhitRek cfs(2). White Sew Mach White SM pf(4). Wileox Oil & G.. Willys Ov(1.20). Wilson & Co.... Wilson Co pf A, 301 2! 29% 201% 202 200 202 2 3% 12 11% 1% 11 175% 18% 175 664 66% 65% 15% 16% 14% 36% 36% 3b% 35% 35% 54 53% 144% 148% 5 51% 41 Kresge Dept S, . 35% | Kreuger & Toli .. Kress SH(h13%). 91% 1% 90% 91% Kroger Gro(el). 149 149% 148 148 |LagoOfi........ 133% 1381 131% 133 | Lambert (f6%) 102% 102% 102% 102 | Lee Tire & Rub. 109% 109% 109% 109% | Leh Por Cmt 2% 49 50 49 50 |LehighVal(3i). 58 53 62% b2%|Lehn& Fink(3). 0% Ti%h 68 68 | Life Sav(1.60). . 130% 132% 128% 1293 | Lig & Myra B 15. 105 107 105 1064 | Lig & M pe(7). .. 67% 67% 66% 67% | Lima Locomive. 168% 168% 1674 1673 | Liq Carb (14%). 58% 57% 60 Loew’s Inc (13). 90 90 90 90 |Loew'spf(el). 7% 17 T4 15 |Lott....... 127% 130% 127% 120% | Long-Bell(A). .. 106% 107~ 108% 107 | Loose-W(1.60):+ 82% 17 81 113% 114 126% 126% 35% 35% 132% 182% 21 21 56 56% SAFE F LIRS MORTGAGES e st SAFETY FIRST Thatchr pf 3.60. . The Fair(2.40).. Thomp J R(3.60) Tidewater AsOil TidWASOIIDS(6) TidewatrO (80c) Tide W Oil pf(5) Timken'R B(6). Tobac Prod (8). Tobac Prod A(7) Transcont Oil. .. Transue & W (1) Trico Prod(2%). Truscon Steel. .. Twin City RaTr. Undwd-EL F (4). 81 Union Carb(6).. 2 Un 0§l Cali2). Union Pac(10).. Un Pacific pf(4) . Utd Biscult 1.60, Utd Cigar St(1). Utd Cgr St pf(6) Utd Elec Coal... Utd Frult(t5%). U S Cast Ir Pipe US CIP 2d 1.20.. U S Distributing U 8 Distrib pf(7) US Hoffman(4). U S Aleohol (5) U 8 Alchohol rts U S Leather. U S Leather A.. U 8 Lea pr pf(7) U S Realty(4)... U S Rubber. S Ktub 1st pf. S Smelt(3%).. SSmpf(3%). U S Steel(7). U S Steel pf(7).. Uni Leaf Tob(3) Unlv Pipe & Rad McIntosh Dinner Marked Success. The dinner given by President R. Golden Donaldson of the Commercial National Bank to former Controller Jo- seph W. McIntosh, an account of which appears elsewhere in today's Star, was a complete success. There were no ex- tended speeches, but the program of en- tertainment arranged by Thomas W. Brahany was unusually pleasing, the hundred guests reporting a thoroughly enjoyable evening. Other than to say he expects to enter the banking field in New York, Col. McIntosh has not yet made a definite statement regarding his future plans. Railroad’s Earnings Improving. “It is estimated that our October gross will approximate $10,400,000, net | operating income $3,900,000 and net in- come (after taxes and charges) $3,600,- 000,” said Arthur C. Needles, president of Norfolk & Western Railway, to the Wall Street Journal. In October, 1927, gross Tevenues were $9,668,225, net oper- ating income $3,290,667 and net income $2,995,159. Financial District Notes. James A. Soper, president of Wash- ington Chapter, A. I. B, and his com- miitee report that this year's theater | party yielded as large returns as did the annual event a year ago, Allare highly pleased with the results. 1t is reported here that the Virginia Electric & Power Co. has declared reg- 02% 102% 1 10% 10% —is a slogan to be aptly applied as a guide to the investment of one’s money. We emphasize the safety of the principal in- vested in our YOUR MONEY will have its greatest earning power here. Whether you have $100, or $1,000, to in- vest, it will' pay you to buy guaranty = first mortgage securities on completed properties in Washington and _its suburbs. And, in addi- tion, we place our own capital surplus and re- serve of more than $3,- 400,000 at stake in an unequivocal guarantee of full payment on the principal and interest. 1884 49% 139% 24% 34% 8% 49% 43% b4y 21% 29 12% 24 6414 Louisiana Oil. .. 132% | Louis GasA 1.75. Com Invst(rts). 84 8% Louls & Nash(7) Com Inv (war).. 2T 28 28% | Ludlum Stl(2).. Comm Solv (§8). 2 50% 288 240 Com Power(13). 93 +98 - 91% il Conde Nast(2).. McCrory B(2) Congoleum-Nair 275 f MelIntyre P(1). . Cong Cgrs (16).. 74% | McKeespt Tin P Consul Cgrs(7). 93 | McKes&Ro 1.60. Con Film pf(2).. 28% | McKsn pf A 334 Consol Gas(5).. 954 | Mack Truck(6). ConsolGaspe(5) . 99% | Macy Co (2).... ConRRCuba pf 6 7414 | Mad Sq Gar(2).. Consol Textile. . 4% | Magma Cop(3). Container A 1.20 211 | Mallison & Co. .. Container B 60c. 10 | Man Elec Suply. Cont Baking A 39% | Man El m2g (d3) Cont Baking B.. 7% | Man Shirt(2)... Cont Bak p£(8).. 89% | Maracaibo Ofl Cont Can(5) . 23 | Market St prior. tl Can (n)... 641 | Marlan Ofl...... Cont Insur(6j... 89% | Marlin-R(13%). Contl Mot (80¢) . 18% | Martin-Parry... 16% 19 “urn Pro(t3% ). 90% | Mathieson(6)... 169% 169% oty, Ine (12%). 8744 | May Dept S(4).. 107 108% Crex Carpet. 25% | Maytag (1%) 261 26% Cructble St1(5). 85% | Maytag pfs). .. 47 Ceucible pf(7).. 114 114 | Melvitle Shoe(1) 65% sbaCaneSugar. 5% | Mengel Co. 32% | Caba Cane Su pf 20% 19 19% | Mexican Seab 67 ular quarterly dividends of $1.75 on the { Guba Company.. 28 26% 274 | Miami Cop(1) 31% 7 per cent preferrad stock and $1.50 on | Cuban Am S(1). 19% 18% 19% | Mid-Continent, . 44% the 6 per cent preferred, both payable ' Cudahy Pkg(4 T 6T% 674 67% Middle Sta 6 December 20 to stock of record Novem-'Curtiss Aero(1). 157% 164% 150 1574 Mid Stat 4% 4% ‘ber 30. Cutir-Ham(336) 64% 65 64% 654 Midland pf(f12) 272 284% 130 8% 51 T0% 112 22% 72 46% 57% 102% 175 A Third of a Century Without a Loss Ti% 93 28% 94% 69 FIRST MORTGAGES Worthn Pump. . Worth Pump(A) Worth Pump(B) Wright Aero(2). Wrigley (13%). Yale&Twne(15). Yellow Truck Young Spring... 524 3 Youngstn Sh(5). 98 9819 Hourly Sales on' N. ¥. Market. 103% 104% 176 176% 20% 8% 36% 82 60 273 % 62 40 As equal with the attractiveness of the interest earned. Write for our_ 24- page booklet on Guar- anty First Mortoage notes, - REALESTATE MORTGAGE & GUARANTY CoRPORATION Capital Resources § 3,108,000 24 JACKSON PLACE 8914 22% 1. 64 89 18% 90 84 25% Y% 124% 1 4 24% 1 641 64% B. F. SAUL CO. Main 2100 925 15th St. N.\W. 00 2:15 p.m. Total shares sold today 6,94 Dividend rates as are the annual ca payments based on the latest quarterlv or half-yearly declurstions. < Unit of trading less than + Partly extra ! Plus 4% in stock. $3 in preferrea stock % Plus 1/25 i stock | a Paid this year-—no regular rate. able in stock. ¢ Plus 5% in stock. able when ear: e Payable fn stock, JPlus 1% in stock. g Pius in stock h Partls stock 1 Plus 27 in 83 gock, m re nited ar Stores common stock. B Plus 22% %% 1o stock: 26Y; 87% 85 114 114 6 5% u U u THERE 1S NO SUBSTITUTE FOR SAFETY 4 272 280 22%