Evening Star Newspaper, November 23, 1928, Page 15

FINANCIALDL." CONVERTIBLE BOND LIST MAKES GAINS, * Manufacturing Firms’ Securi- _ties Also Show Advance. Coppers Up. BY CHARLES F. SPEARE. Bpecizl Dispateh to The Star. NEW YORK, November 23.—There | ‘were only two groups of bonds today in which price movements attracted atten- tion. These were the convertible indus- trials and a small list of bonds of man- ufacturing companies that have recent- | Iy been weak but have turned about and are advancing on the improvement in stocks. Sensational gains occurred once more in the h\gh~prlced copper convertibles. | Andes 7s went up by leaps and bounds and had gained 12!, points at midday and at this time were 110 points above their redemption figure. The stock into | which they are convertible has ad- vanced 15 points this month. Anaconda Copper 7s gained another 5 points, which placed them nearly 75 points above the low of the year. . Other strong convertibles were J. ayser 558 with a rise of 5 points, Pathe 7s up 3 points, Cuba Cane Sugar 7s and 8s each 3 points and Wickwire Spencer 7s a point. There was a lower tendency in some of the oil company convertibles, notably Colon 6s and Transcontinental 6!2s. In addition to the rise in the Cuba Cane bonds there were Bdwm(',(‘s of a point in Eastern Cuba Sugar 7'as and | in Manati Sugar 71,s. The market po- sition of the sugar bonds has materially improved recently without, however, any indication of a change for the bet- ter in the sugar trade. Conditions have also become more favorable with respect to such bonds as Lorillard 5s and 5',3, International Paper 5s and 6s and Certainteed Prod- ucts 5'5s, which have been subjected to heavy liquidation, and now appear to hnve successfully weathered it. * The market for strictly investment is- sues was dull, without much change in prices today, although there has been some decline from the high level es-! tablished early in the month. ‘The Treasury will probably announce the terms of its December financing early next week, as notice has already gone out to the Federal Reserve banks to prepare for it. Opinion is that an- other short-term loan will be negotiat- ed, with the rate around 4 per cent. ‘The market for the last Treasury issues is on about that basis, though not quite 50 _high as a week ago. ‘Total issues of bonds this week ran up to $167,000,000. the largest output since June, increased mainly by the heavy issues of municipal bonds. SRR It has been ascertained that black bass culture is greatly aided by the artificial constmction o( nests. Money to Loan Secured by firit deed of trust on real esta Prevailing interest and commissi Joseph 1. Weller 32 Wash- L. & Trast Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Rcmn-b Interest and ion Rates JAMES F. SHEA 3 Louisiana Ave. N.W. Buck & Company KERS Estaiahed 1016 Stmks Bonds Grain Cotton Write or call for weekly market tetter. No obligations BUCK AND COMPANY Real Estate Loans ratans "promet replcs to 4l s i We can assist you in reflnancing Thos. E. Jarrell Co. Realtors 721 10th St. N.W. Main 766 "FINANCE —ajl classes of income-producing property Large Loans a Specialty Current interest rate and commission. Higbie & Richardson, Inc. 816 15th St. N.W. l Nearby Virginia 5%% Commonwealth lnvutmen( Co. Prudential lnlunnce Co. oans 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, $1,000,000.00 | Argentine 5 A | A Austialia 4155 56. | Bolivia 8s. Orient Dev deb 6s.. 22 973 Poland 65 40. Saxon (PW) 7. Shinyetsu 635 52, Sweden 5%s..... Swiss 5148 1946. . Swiss Confed 8s. Utd Kingm 5%s 29, Utd Kingm 5% 37. 30 104% 103% 103% | M St P & SSM 5% Utd SteamCopen 6s. Uruguay 8s. | Con Coal Md 1st 5s. Received by Private Wire UNITED STATES. (Sains are in $1.000.) Sales. High. Low. Close 311001 9928 1001 6 100 29 10029 100 29 48 101 10030 101 5 9915 9915 9915 2 9926 5 99 25 26 10726 107 20 107 20 32 11220 11220 11220 FOREIGN. Sales. High. Low. Close. Argentine 6s Ju 59. 13 100% 98% 100y Argentine 6= Oct 59 61004 997 1004 ¥ 14 965 963 45 100% 100% 100t 88l 881y 96% 96 981 961, 13 103 103 103% 36 98 971 98l 45 101 100% 101 24 106% 105% 105% 23 1081 107% 1084 10 106 105% 105% 1 115% 115% 115% 4 110% 110% 110% 19 106 105% 106 1 100% 100% 100% 9 96! 96% 96'% 7 9613 96% 96% 5 100% 100 100 7 108% 1084 108 7 101% 101% 101% 7101 101 10% Lib 318.... Lib Ist 438 Lib 4th 4% s US 33843, US3isdr. US4s 1044, USayss2. entine Belgium 7s 19¢ Belgium 7s 1956 Belgium 73;s Belgium 85 Bordeaux 6s. Brazil 6145 1926, Brazil 61351927, Brazil 7 | Brazi & Bremen State 7s. Canada |n Chile 63 60, Chile Rs"61. Chile 75 1943, Christiania s, Colombia 6s Jan'61. Con Pow Japan 7s.. Copenhagen 43%s 53 Copenhagen Czecho 8s 1 Czecho 8s 1 Denmark 6s DET53:s Nov Duteh East 1 65 62., Haiti 6s. Finland 5 Finland s £ 65 *45 Finland 7s. .. Framerican 73 Krench 7s French 73; German EI P 6, German 7s. Ger Am Bank 7s. Ger Gen Greek 7s. 23 937 93 93% 30 935 93 93 3103 102% 103 6 90% 90% 90% 9% 98% 98% 89 89 89 96% 96l 96% 4 109% 109%: 109, 1 1092 109'2 109, 9 104% 104% 1045 2 103% 103% 103% 3 104 103% 104 2 100% 1004 100% 2 90% 90% 90% 5 96k 964 96% 6100 99% 100 7 105% 105% 105% 9 1075 107% 107 0 114k 114 114% 6 94% 9315 94% 5 107 106% 107 . 2 98% 98% 98y 1 102'2 1025 102% 2 98 8 961 961 96% | G 967 97 96% 96% 22 928 92 92 25 101% 101% 1013 3101 100% 101 6 100% 100% 100% 21 91% 914 91% 1102 102 102 4 100% 100% 100% 2 93 93% 93y 6 1021 102% 1023 | <17 9Ty 9T 9Ty 11 101 100% 100% 7103 102% 102% 3 1025 102% 102% 974 978 Paris-Ly-Med 6, 6 99 991 99y Paris-Ly-Med 7s... 11 104 103% 103% Peru 65 67 w 4 25 91 91 91 Peru 7s. 7 102% 1024 1023 | Peru%s. 14 107% 1074 107% | 8 84 83 83 33 88% 88 s 15 99% 991 993, 1 105% 1058 105% 6104 103% 104 11104 104 104 nn an P Japanese 4s. . Japanese 6135, Lyon 6s. . Marseille 6s. Milan 61;s. Montevideo 7s Netherlands 6s 54., New So Wales 58s Nord 614 Norway 5s 1963 Norway 51;s. Norway 6s 1943..., Norway 63;s 1952, , Poland 7s (rets). Poland §s. Prague 73% Queensland 6s. Rhinelbe Un 7..... 9 100% 100 100% | Bt R & Pitt 41¢s.. 1 .100% 1003 100% | 9813 984 | THE EVENING Direct to Balea mish. Lov, Close 941 945 944 104% 1043 104'% 1027% 102% 102% 112% 111% 111 106% 106% 106% 105 105 105 98% 9TM 9TH 903, 90 90': 101 100% 100% 1075 107% 107% 100% 100'2 100% 98% 98% 904 103 103 104% 103 % 104 107% | sketty oi1 535, 2 Southwest Bell os.. 42 | Stand O N J 55 46, 31 Tenn Copper 6s°'41. 17 TennklecPow 6547 3 | Transcont] Oil 6335 26 United Drug 58 53.. 30 U S Rub 1strf5s... 15 U S Rub T3s.. U S Steel s £ 5s Utah Pow & Lt 55.. Vertientes Sug 7s.. 1 Warner Sug 7s 39.. West Elec 55, | Westn Union 5s 51. | Westinghouse 5 Willys-Ov 635 3 Wilson & Co 1st 6s. WinRepeatAr7%s. 1 Yngstn S&T bs wi. 21 lA!LROAB. AL&SF cvt 4s 05 Atchison gen 4s..... Atlantic C Ll 45.. 36 91% 90 6 2 9 2 2 5 6 7 1 9 B&O 1stbsct. B & O rf imp 6s. B& O PLEWY 4s.. Brdway&Tth'Av 5s. Brooklyn Elec 634s. BKklyn Mannat 6s. .. o .9 | 947 | 994y 9774 Can Nat 415 30 Can Nat 438 57 Canad Pac deb 4s. . Central of Ga 5%s. Central of Ga 6s. ... Cent Pac 1st 58 90., Chesa Corp 5s wi.. 2 Chi B&Q gen 45 53. CB&Q4%s77B.. Chi B & Q 1st rf 58, Chi&E 111 gn 58 51.., Chi Gt West 45 59., CM&StPgn$ ChiM&fiL‘Pd'}.uC!!. 11 CM&StP ret 435589, 25 ChiMilSP&Pacis75. 30 CMSP&Pacadjss03. 298 Chi & NW gn 3%4s. . Chi NW 4355 2037.. Chi & NW 7s. Chi RI& P gn 4 103% 994 934 997n 106% 86 | 98Tk | 108 | 0% CCC&StL 438 B 11 & StL 5sD. C&S1st4s29. Cuba RR 5s.. Cuba R R 7445, .. Cuba Nor 5%s cts. . Del & Hud 5128, Den & Rio G cn 4s.. D & Rio G imp 6s. . DRG & Wst 5s'18 Erie 1st cons 4s riecvt 58 67 wi... 19 Erie & Jersey 63 4 Fla East C5s 74 Gr Trunk stdb 6 Gt Nor 43376 D, Great North 5%s... Great Nor gen 7s. Hav El Ry 538 Hud & Man aj 5s Hud & Man ref 5s 11l Cent ref 4s. . 111 Cent 4% 6! 11l Central r 111-C-C-StL&NO 58. 23 Int Rapid Tran 5s.. 18 Int Rap Tr 68 stpd.. 15 Int Rapid Tran 6s.. 10 104% 901, | 9% | 106 95 105 92 96 9415 86 97% 111% 82 )06‘» 1 mu i 113% 681 88 97 987 100% 1072 105 % 7T 9 RhineWst EP 6s'52 5 91% 91% 9 RhineWst EP 65'53 13 94 93!‘? 9}‘1 RhineWst EP 7s'50 9 101 100% 100% Rio de Janeiro 61:s. 16 96 951 Riode Jan 851946.. 3 1073 107% 107% Rio Gr Do Su) 8s 4 106% 106 106% Rome 6%s..... « 38 923% 92 92 Sao Paulo 8s 1936 2106 106 106 Sao Paulo 1950..... 4 107% 107% 107% 13 100 99% 100 6 105% 105% 105% 5 92 92 10 104% 104 104% 1 104% 104% wu:' 5110 110 110 4 98% 984 98% 2 18 18 6 9 90 5 118% 118% 118% Seine 75 42, Yokohama 6s wi... 2 95% 95% 95% . MISCELLANEOUS. Ajax Rubber 8s Am Cotton Oil 5s. 99 Ah Smit&R1st5s. 18 101% 101 101 Am Sugar Ref 6s... 16 104 103% 103% AmT&Tcltr4s.. 69 99% 99% 995 7 104% 104% 104% « 18 106% 106 Am Tel & Tel 5%s.. 11 108% 107% 107\6 Am Writ Paper 6s.. 8 86% 86l ' 86% - 26 105% 105% 106% 167 183% 178 178 ..439 233 220% 228 Armour&Co4%=s389. 14 93 Armour Del 5328, Atlantic Refin 5s. 2 102% 102% 102% Barnsdall 651940.. 52 144 143 143 Bell Tel Pa 65 C.... 59 109% 109 109 Bethlehm Stl pm 6s. 3 101% 100% 101% Beth Steelrf 5s.... 1 101% 101% 101% Beth Steel 538 53., 13 103 102% 103 Bklyn Edison 5s. 6 104% 104% Bklyn Union 538 327 Bush Term Bldg 103 Certain-Td5%srcts 16 87 86% 86% Chile Copper 5s. 96% 97 Colon Oil 6s 38 119% 121% 15 100% 100% 100% 5 79 ke 9% .32 83 80 8 Cuban Am Sug 8s.. 7 104% 104% 104% Denver Gas 1101 101, 101 Dery (D G) 75. 70" 70 i 107 107 1043 104% Donner Steel 7s. 2 99% 99% 99! East CubaSug7%s 10 94 931 931 Fisk Rubber 8s.... 2 111% 111% 111% Gen Asphalt 63 35.. 2 110% 110 Gen Cable 5% '47. Gen Mot Ac Cor 6s. 41 108 Goodrich 6%s. ..... 11 107% 107% 107% Goodyear 5srets... 34 93% 93% 931 Humble Oil 58..... 43 100% 100% 100% Humble O & R5%s. 6 102 Ilinojs Bell 18t 55.. 11 104% 104% 104% Iilinois Steel 4%45.. 10 99% 99 99y Indiana Steel 3 104% 104% 104% Inland St} 435 12 94% 93% 94 64 104 103% 104% 19 99% 98y 987 1102 102 102 IntPaper 58 47.... 28 96% 95% 95% Inter Paper6s..... & 99 98% 99 Int Tel&Teleg 4%s. 8 96% 9614 96% rJ & Co5%s.118 135% 130 135 1 104% 104% 104% 2 105% 105% 105% 0010 110% 110 110% 1 105% 105% 105% 1121 121 131 9 91 90% 9113 112 26 96% 95 * 2 105% 1054 105% 11 101 * 100% 101 3 103% 108 103% 10 101% 101% 101% 4 88 871 88 3 107% 10T% 107% Cuba Cane cv 7; Kelly-Spring 8; Laclede G 6% 5! Lorillard () 7s. ManatiSug st 7%s. -Con 6%s 40, Midvale Steel b Mor's&Co 15t 4%s.. NewEnglandTel 5s. N Y Edison 6%s.... 3 116 115% 116 YGELH&Pbs 6 107% 107% 107% NYTel4%S.00000s 11 100% 100% 100% NY Tel 6541 8 107 107% 107% 3 110% 110% 110% 6 100% 100% 100% 18 102 101% 102 2 103% 103 1034 5101 101 101 5 106 106 106% 2% 102% 102% 12 108% 103% 108% + 2 105% 1056% 105% Pan-Amer Pete 6s.. 1 1064 106% 106% Pan-Amer Pete 7s.. 2 104% 104% 104% Paramount 6s 1947. 17 100% 99% 100 Pathe Exchange 75.150 85% 83 84 People & Gas bs. 106 106 Phila Co 5% 67 w {. 9 Phila&ReadC&I 5s. Philips Petro 5% s Por Ric Am Tob 65 Postal Tel & C 5% Pressd Steel Car 55 11 Public Service 4345 186 162 Punta Alegre7s.... 4 96 95 96 RemingtonAr 6532, 3 99% 99% 99% Rem Rnd 5%s war., 3 93% 93% 93% Sinclalr O11 6 Sinclair Oil 6135 onu North Am Edis 5s. 0 Am Ed 5%5'63. Nor Ohio Tr & L 6s. or States Pow 5% Nor States Pow 94% 981y 9614 97 91 159% 162 15 101% 101 101% 69 Ill'i'n 1 W 103% 97% 5 DI % Bin Fipe Line 3. il 1 106% | N 14 99% 993 99% | hiog Int Rap Trans 7s... 6 Int & G Nor 1st 6s.. 7 Int&GtNor adj 68 5% 55 InLRysCA5s72... 34 9915 105% 96l 84% i | during_that _period, IntRy C Am 6s41.. 2 Int Ry C A 6%s ret. Kan City Ft 8 4 Kansas City S 3s. Kansas City S 58, Kan City Term 4s Lake Shore 45 31. Lehigh Val cn 4s. Long Is deb 55 34. Man Ry 1st 45 90... l! Market St 7s 40. MilEl Ry & L 5s 61. M St P&SSM cn ¢s. M StP&SSMcn 5s.. 941s 96% 92% 76 100 %K 98% 88% 100 S& 1 1 100 884 95% 1% 101% 87 95% 1\74& 100% Mo Kan&T 4% MK & T adj 5s. .17 Mob & Ohio 4%3s 17 28 Mont Trmref 5s 41. 11 NOTex&M 4%s56. 5 NY C 9 NYCentds98... NYCrfim4%s. NYCentrf5 NY Centdeb 6s.... NYChi&StL 528A. NYChi&StL 5%s B, NYC&StL6sA.. 106% 106% 4 101% 91% 116 NY NH&H clt 6s. 104% N Y Rys 65 65 N Y State Ry 4% NYStateRy 6% 1\ YW&B4ihs Northern Pacific 4s. Northern Pac 5s D. Northern Pacr i 6 Ore Short Lrfs 4s.. 73 Ore Wash 1st 4s.... Pennsyl gen 4%s... 1 Penna R R 455’63, 26 Pennsyl 58 64. 1 Pennsyl 6%s. Pennsyl gold 7s. PCC&StL 63 B 75... Port RL &P 55 42.. StLIM&S 4s29.... 3 StL IM&S gn 6831, 4 StL IM&S R&G 4s. 5 StL&SFpldsA.. 66 StL&SFr4lzsT8. 19 St L & S ¥ pr In 5 St L S W con 4s 32. Seaboard AL 4s sta. Seah A L ref 4s. | Seab A I col S B All Fla Sou Pac 48 29 Sou Pac clt 4s, Sou Pacific ref 4s. Soti Pac 4%s rets, Sou Ry gen 4s... Sou Ry Con 6 Baito ] w.smnmn Gas 55 Wesn"G: STAR, WASHINGTON, D. C.. FRIDAY,® (oo von BONDS smoee excuna] | {VANCE IN CURB SHARES CONTINUES Tradfng Records Shattered as Various Issues Gain. New Tops Reached. BY WILLIAM F. HEFFERNAN, Special Dispatch to The Star. NEW YORK, November 23.—With the ticker running 48 minutes late at midday and with all trading records for the first two hours shattered by today's tremendous volume of 1,422,500 shares the floor of the Curb Exchange presented a scene of wild confusion. There was every indication that a new trading record would be estab- lished for a five-hour session because of the tendency of the volume to in- crease as the session progressed. Practically every group was repre- sented with one or more new high records. In the oil group it was Prarie Oil & Gas and Crystal that reached new peaks, while others continued up- ward for gains of fractions to more than 2 points. With the facilities of not only the Curb Exchange but of the brokerage offices taxed to their utmost in an endeavor to keep up with the tre- mendous activity, it was necessary for the governors of the institution to vote for a full closing Saturday following similar action by the Stock Exchange officials, New high records were marked up in Marconi Wireless Telegraph, Ltd., and Canadian Marconi. Both issues turned over in heavy volume on the rise. ' This was a direct response to the British government's approval of the communi- | cations plan, which will résult in the transfer of wireless and cable companies to private ownership under government supervision. Niles-Bement-Pond and Keystone Aireraft went forward to new highs in sympathy with early strength in the airplane shares on the Stock Exchange. Others that reached their best prices included Butler Brothers, up 9 points to 53: Evans Co. up a point or so; Gleaner Combine Harvester, up over 2 points; Filene, almost 2 points higher; Radio-Keith-Albee, which opened on a block of 10,600 shares at 41% and sub- sequently reached 43. ‘The aero supply issues were in urgent demand at substantially higher prices. Aluminum Co. of America. extended its 12-point gain of Thursday another 12 points to 162. Trading started in the new du Pont common, initial sales taking place at 141. Some nervousness was felt shortly after midday following the report that the Federal Reserve would have an announcement to make later in the day. Washmgton Stock Exchange SALES. Potomac Electric 1st 55—8$1,000 at 993, $1,000 at 99%, $1.000 at 9935, $2, 000 at 997, $1,000 at 997;. Wushlngmu Rwy. & Elec. 45—$1,000 at 9135, $1,000 at 9134, Chestnut Farms Dairy pfd.—15 at 109, 10 at 10875, Potomac Electrlc 6% pfd.—7 at 1111, Potomac Electric 5!5% pfd.—15 at 108 10 at 108'z, 5 at 108!, Wuhlngwn Rwy & Elec com.—5 at 2. R!ggs National Bank warrants—15-265 at 315, 105-265 at 315, 2 at 315, 1 at 315, 2 at 315. & Mergelnthfler Linotype—5 at 10413, 24 at National Mtge. & Inv. pfd.—100 at 57. AFTER CALL. erican Sec. & Trust Co.—5 at 453, Am Capital Traction 55—$2,500 at 103!, Anacostia & Potomac R. R. 58—85, 000 at 95. l"cderfl-Ameflmn‘ National Bank—40 Mergemhnlrr Linotype—20 at 105. ‘Washington Gas Light—10 at 106. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telga. 4%. Bid. Asked. 99 % L 4has0] tl. tr. ‘B . Tel. & Suburban Georsetown _ Ga Fotomac ‘Elec. s, . & Elec. ds. Rwy. & Elec. gen. 65 MISCELLAN!:OUS. . Cold Stor: Wash: Cons, Title C 3 '6“ ! Wardman Park Hotel S Tradiion 5 Washington 'Gas Norfolk & Washingt 22 | Potomac” Elec. 6% pfe on Naticnal' Bank ‘of " Washingto TRUST COMPANY. Amer. Security & Trust Co. sunllnenul Trtst Sk ) Sou Ry 6% Sou Ry Mo & O TexArk FS 5%s Third Ave ret 4s 60. Third Ave st bs. .., Third Ave adj 5s... '8 Tol Tr L&P 5% 30. 16 100% Union Pac 1st 4s.... 2 95 Union Pac 1strf 4s. 28 914 Union Pacific 45 68. 28 894 Union Pac 4%s 67.. 10 98l 97 virginia Ry 1st5s.. 3 106% 105% Va Ry &P b 5101 101 Wabash 18t 5 2 108% 103% Whash 43%s 78 rets West Maryland 4s.. Western Md 5%8 West Shore 4s 2361, — BANK RESOURCES GAIN. By the Associated Press. Controller of li:et Ollrl'elw'i Pole an- nounced today that aggregate resources of national banks in the continental United States, Alaska and Hawall, had reached a total of $28,925480,000 on October 3. ‘The figure is an increase of $417,- 241,000 over the total shown in the June 30 bank call and exceeded by $1,711,656,000 the resources reported October 10 of last year. FOREIGN EXCHANGE. (Quotetions furnished by W. B. Hibbs & Co.) Nominal gold Selling checks lue ( oday. % 1 08% 103% 93 82 99% 88 . 3 88, 87T i Athens. dr Illdl’lfl. peseta na’ schilling . Dest. pent lisiive s18 s'venz‘. geviog R oma ™ sischaniei FIRE INSURANCE. MISCELLANEOUS, Ross, Ing aseDalys 5O 53585 ¥ o3 22 4. gu N Securities “pld. deral age Sior . Amerioan Go; deral-American Bid" otype rnm( hrs. D ain. Conv. Hall pfd . m h.ll “Blax Corp & Lothrop Bid. TREASURY CEB.TIFICATES (Reported by J. & W. Seligman & Co.) Rate—Maturity. 3%4s Dec. 1 NEW YORK BANK CLEARINGS. NEW YORK, November 23 (Special). lape: 80 Prague. crown (Lol Warsaw, zloty ‘Copenbagen. crown Osl smmnn. "erow —New York bank clearings, $1,770,000,- 000; New York bank balances, $154,000,- 000: New York Federal Reserve credit balances, $130,000,000, = NOVEMBER 23, 1928. NEW YORK CURB MARKET Reccived by Private Wire Direct to The Star Nfice Following is a list of stocks and bonds traded in on the New York Curb Market today: Sales INDUSTRIALS, in hndreds me 2 Alum Co ‘Amer pid. 18 Am & For Pow war.. |3 Amer Br Bov EI P .. Am Cysnamid B. 138 AmecCBent Bihren 10 Amer Gas & EI . | B Gorp 8. ] Brit-Celancse L;d 2 Courtaulds L 172 Gurtlss Flying Ser: For R s 6 Follansbee Bros 16 Poundation For A e 22ag.% SRS 2 3 ane Bevan. 513 Lib owen«'hn (9 4 Lit Bros . 3 Loews deb iis ' 6 Marion Steam Shov. . 7 Marmon Mo 4 Mavis Bottling 1 Mesabi Tron . 3 Midl 8t Prod dvale Co . g R N J new.. 4 Nat Trade Jourhal. 14 Nehi " Corp 1Nehi Corp pid 1Neve Drug 2 Neve Drug 4 - 4 Newton Steel .. 2 Ga 503 Ra. Keith Oroh 27 Rais nbowo. Luminou 1% Revnolds Metal pid. 17 Reynolds Metal flffl ol Bak, Pow ‘Stores i’ asc nem SuaDer. A ptd 3 Southern Tce & 184 Spanish & Gen res. S Truax 7 Trunz ‘raer _Co Eork, tores wi 1 Tung 1 Tun; Moy s as 2R as! L s T <cdadaaddc 55 S 5 aitt & T ::"..‘..‘a‘w 558 55 . gEgEE; e > Bup W A deb T Wire “Whea Sors ™ MINING STOCKS. Sales in hundreds. &+ 5m23858Y 5 ¥ fugo8satt e B2 BB FEEE Susces.b FEESEESESRE F I F I C I Corp. § Plymouth, oif 3 Relier-Foster O 5% in STANDARD O 18SUES AND FOR- Sits ™ MER ROBSIDIARIES STOOR Anglo Am Of! o 081 A0 i 9 - 85883858523388882358: CEESE kS bl Sales in lhnuund( bra & Str: 32 Abitet 1 Ala Pow u,s Ala Pow 5s. liled B 6. ied Pk 85 ;’-;:5.' 225 55;;539555 2 o323 BEZmean Sl @22 > 2222222 sl 28 rabee 2 Commonw Ed l'n Dmo 6 Cons Pub 634 n: t Serv 5% 45 Firest Cot Mil 55 39 Flrestone T & R §: 1Fis P & :munuu Loow i u Pow 8s. 10 Gen "Am 1 85 A ww! 1Gen Rayon 65 L 9 & Gen 4 Georela Pow 55 16U G0 By 3Guit, States m s A 99 1 Hoo & Hougton Gult &' #i ntl Sec Amer Ss.... 92 28 lmen;'v; Pow 55. . 96 335e2 i e s e 355588eeSe 0 stizgins! ul b at Trade Jo Inc Eng 0% E s 2885822333232392383339343 it EE @RADVTYIYY 222 ;’—-—e 238 SSSEEE PO ST OT. S, 20! 55 sesacaaac Fack, 03 wi'«’:"'f Ehm' Sio i3 1095 & Westarn Pow Sizs A. 10713 107 30 White Sew Mach 6s.. 100 45, TOREIGN BONDS. e uss nuu'?)nnd- s § Russ Gov 6%as i B in 1100 wi_When issued. n—New. WwW—With warrants. PIG IRON BAN REKOVBD By the Associated Press. Secretary Mellon yesterday lifted the anti-dumping order against pig iron from Germany, which has been in effect since 1926. This product may now be imported without restriction. In 1926 thgu”rrmlllry o’::ducu? an investigation in ron imports from Germany after 'gwy had _reached C maximum of 160,000 tons. The resf tion was then placed on the imports, which were believed to be injuring the American industry. Under the tariff act of 1922, where commodities are imported for sale at less than in the country of origin, the Treasury is em‘rowmd to assess duties to protect the domestic ind\mry Com- missioner of Customs Camp announced that imports of pig iron from Germany have fallen until they are now of a negligible quantity. Secretary Mellon's order, hawever, provided that should the imports be resumed in large quan- tities, the anti-dumping order should be renewed. . DIVIDENDS. NEW YORK, November 23 (#)— Pratt & Lambert, Inc., of Buffalo, di- rectors today declared an extra $2 div- idend and regular 75-cent quarterly dividend on the common, both payable January 2 to stockholders of record December 15. Directors announced their intention to increase the regular dlv‘ldend I'Zu wlu annually from $3, pril Houuhold Products, Inc, of New York, directors have voted an extra 50- cent dividend, payable January 2 to stockholders of record December 15. cent dvildend and regular 25-cent quar- tefly dividend, both payable December to stockholders of record Decem- NEW YORK PRODUCE MARKET NEW YORK, November 23 (i cial) —Spinach from Virginia, 1 hs!ceu of the Savoy variety, jobbed out at 50al. ‘Western New York bulk white Danish type cabbage changed hands at 38a42, principally 40, per ton. Western New York MeIntosh apples, U. S. grade No. 1, 2},-inch pack, whole- saled l\t 12.00 per barrel. Rhode Island greenings of the same grade and size brought 5a6 and various other kinds ranged from 3.50a6. ber l Sales on Western New York round: white potatoes in bulk were made at principally around 2.00 per 180 pounds. l..ong Island Green Mountains ranged from 2.25a2.75. ‘Two-thirds crates of cehrz rough peddled out at 3.00a3.75 for '.bo good to fancy and 1.50a2.75 on poor to ordinary. President James E. Bell of the Gen- eral Mills of Minneapolis and New York has announced purchase of a tract of land in Enid, Okla., from the Frisco Railroad for expansion of the muilis FINANCIAL.’ .. e EXCHANGES TO CLOSE. Stock and Curb Markets Take Holi- day to Catch Up. NEW YORK, November 23 (#).—The board of goverrors of the New York Stock Exchange today voted to close the exchange on Saturday. Offices of exchange members, however, will remnln open. Governors of the New York Curbl Market also voted to suspend trading ! tomorrow. Closing of both markets will enable member houses to catch up with book- | keeping, badly delayed by more than a | week of heavy trading, in which total | sales exceeded 5,000,000 shares. It will | also afford a breathing spell for traders who have participated in the frenzied activity on the floor and for office em- | ployes who have labored far overllme‘ every night. Trading on both the stock and curb | ‘markets broke all records for total sales for the first two hours today, 3,418,400 shares changing hands between 10 and 12 o'clock on the stock market and 1,- 422,500 shares on the curb. SALES IS EXPEDITED Enables Ticker to Keep Pace. ) 4 | Special Dispatch to The Star. NEW YORK, November 23.—By a series of experiments covering many | months the New York Stock Exchange authorities have reduced the work of the operators on the floor and given the public a quicker view of what is taking place around the trading posts. Looking back, it is now possible to see how cumbersome the old system was, when full information was given with each transaction, to identify not only the stock dealt in but the unit of trade in the stock. groups of symbols have been dropped until the quotation is the only remain- ing evidence available. After all. this seller. When the volume of transactions on the Stock Exchange began to expand and to test the facilities for printing the record of the day's market the exchange authorities started in to sim- plify the work of reporting by reducing the number of letfers in each stock symbol. Some of these contained two letters and some three. They were cut down to one letter. Then the symbols were arranged alphabetically instead of in a hodge-podge way, as they had besn previously. ~ The first revolutionary change, and one that temporarily ex- cited much criticism in brokers’ offices, was the dropping of the full price of tation in the morning and subsequently using only the last figure in the price. Wall Street quickly accommodated itself to this abbreviation and has gone world’s history since and scarcely no- ticed it. Another simplification was a reduction in the unit of trading to one or two figures. Now the trading units have been dropped entirely from the stock ticker and shoved over on to the bond ticker, which ran off long strings of them at various times yesterday. The effect of all of these abbrevi- ations up to the last one introduced was not visible, for in spite of them the tape has frequently been from one hour 40 an hour and a half behind the market. Yesterday's innovation, how- ever, speeded up conditions greatly and, although the market was again of tre- mendous size, it was only a compara- tively little way behind time during the day. Those who base their trading operations on volume of transactions were somewhat disappointed, as thay could not get the trend of the market from this source. Every one else was pleased with the way the system worked and it is hoped that by the continued use of it Wall Street may be able to catch up on its delayed business with- out being forced into extra holidays or shortened mdln: period. RECORD OF STOCK 1 Dropping of Sales Volume Figures‘ One by one different | is what mostly concerns the buyer or | the stock after its complete initial quo- | through the biggest market in the | 15 MERGENTHALER LINOTYPE CO. Brookln, N. % Nov. 20, 1928. VIDEND NO. 132. uarterly. @vigend Gt 3125 and w extra dividend of 50 cents upon each of ihe J36000 shares of present outstanding Second Trust Notes We will buy your Second Trust Note if desirably secured on im- proved property in the District of Columbia. Prompt Attention to Applications National Mortgage & | Investment Corporation | 1004 Vermont Ave. N.W. Main 5833 I— [ First and Second I Trust Money Avzailable On Homes, Apartments and Business Properties Prevailing: Interest Rates Moderate Charzes No Appraisal Fees District National Securities Corporation Main 2924. 1106 G S1. N.W ADDRESS ¢ If you are moving your ce to a new address, why not pick out new furniture for it and let us move the new fur- niture in for you? Start with the most modern and efficient equip- ment and with desks that will be a credit to yourbusiness. COMPANY Two Entrances 1018 15th 8t. N.W. 1506 L St. N.W. Franklin 5660 U. 8. TEEASUBY RECEIPTS. Treasury receipts November 21 were $4,546,945.26, expenditures $6,950,201.36; balance, $117,237,139.42, SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Bid. Offer. Al‘l!-GhflmArl Do 55 193' 100! Aluminum Amer. 1 1013 ‘Tel. & ‘Tel. (l 1929. ”’; 6s 1929, 99 ican T Ansconds Copper Balto. 8 & Ohlo ¢ias 1033 Pet. utavisn Bell' Tel. of Gana 55, 02 Galifcrnia Pet. Corp. S1as. 1936 103% t Rwy. 4153 1930, Scdyear T Cm 5519 S .ni Frunk St Ganada, 6s'1936 ‘w,, guit oIl of Pa. Ss 101 Humble Ofl Siis Michigan c;utm Sincluir Crude oun_ Sl ul snndnni Ol N Jersey 8s- 19 s 1944; 102 103% dr. My, & B0, Ry. 4 ss 1952, Unlon 61°80."% £, Sulif. & Smeltine Co. 8% Wumn Electtie Co, 1 & M. Wheeling Beeel Govp. s 35588s5e0eSs! FEF BRESES | 3 n 1s48: 104 a8 1 101 Connecticut Ave, at De Sales Resident New York ity ! 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