Evening Star Newspaper, December 4, 1928, Page 14

14 = FIN ANCIAL." THE EVENING STAR, \VASHINGTO);*, D. C., TUESDAY, Money to Loan Secured by firsé deed of trust on re Prevailing interest and commis Joseph | Waller estate. 420 Wash. L. Bide., 9b & F N. —on_ household furniture or_indors ments at legal rate of interest. No brokerage charged. hour service. (For loans in Virgini 102 South St. Asaph St.. American Small Loan Co. 3306 Rhode Island Ave. Mt. Rainier. Md. OFFICES For e Edmonds Building 917 15th St. Located in the center of the Fi- nancial and Realty Districts. Sev- eral desirable suites now available. Very low rentals [SHANNON & LUCHS] 1435 K St. Main 2345 COMPLETE FINANCING Ist& 2nd TRUST MONEY On homes, apartment buildings and business properties. No apprai- sal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Main 1403 Over a Third of a Century’s Ezperience Why Doesn’t Property Rent? It is part of our man- ager-service to find out the cause; suggest the remedy—turning loss into income. B. F. SAUL CO. Main 2100 925 15th St. CAPITAL TRACTION i Ten Months’ Net Below 1927 Returns—Local Stocks Strong and Active. BY EDWARD C. STONE. Total net earnings of the Capital | Traction Co. for the month of October showed a slight gain over the corre- sponding month in 1927, but the net |income for the first 10 months of the present year revealed a decline over the same pi riod last year, ac- cording to reports filed today with the Public Utilities ‘Commission. The company's operating revenues | inOctober amount- ed to $377,300.24, in comparison with $379,333.18 a year § ago. The small falling off in oper- ating revenues was offset, however, by Eara Gould. I"lower operating ex- penses, this item totaling * $256,792.95, against $258,418.56 in October last year. Deduction -of expenses left an oper- ating income for the month of $91,819.03 against "$88,410.75 in October, 1927. Atter all other deductions the net in- come for the month stood at $67,058.58 compared with $64.860.15, or a net gaii of $2,198.43 over the corresponding pe- |riod a year ago. Total revenue passen- gers for the month numbered 5,112,511, against 5,179,767 in October, 1927. Traction’s Ten Months' Earnings. year amounted to $3,613,504.10, against the higher figure last year of $3,69: 647.78. The company's operating ex penses totaled $2,540,932.30, compared With $2.580,247.89 in the corresponding period last year. Deduction of operating expenses for the period left a net operating income | of $783,393.24, against $808,249.78 a year ago. After the usual other deduc- tions, the company reported a total net income of $515,988.57, in comparison with a total net last year of $557,502.43, or a falling off of $41,513.86. Reports on the number of revenue passengers carried on tne Capital Trac- tion lines during the 10 months are also included. Up to the end of October | this year, 48,824,103 persons paid fares, while during the same period last year the total number of revenue passen- gers was 50,435.983, this difference in passenger traffic, of course, being largely responsible for the falling off | in net earnings. i Gould Congratulated on Changes. Ezra Gould, president of the Wash- ington Mechanics Savings Bank, is re- | ceiving hearty congratulations on the completion of the extensive changes at the branch on Georgia avenue. A Mr. Gould founded this bank in 1906 and the institution has never had any other president. Steady growth has justified his_policy of leadership. ‘The Washington banker was born here, but spent his boyhood on his father's farm in Virginia. At the age of 17 he migrated to the Capital with just 70 cents in his pocket. His first position was in the Washington Navy Yard, where he intended to become a mechanical engineer, at the same time studying nights at George Washington University. Later, however, he changed his mind and entered the banking field. LOANS On Improved Property in Maryland and District of Columbia 6% Interest No Commission Charges JEAVER BRO REALTORS 809 15th Street N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company S _=—“—§—_=__—_——r // First Mortgage \ A Loans Thereisavailable here for immediate command money to loan on private homes, apartments, business property — erected or to be built. In any consistent amount at low rate of interest and commission B. F. SAUL CO. 925 15th St.—M. 2100 Uncondi=onally GUARANTEED Watch Your Step Here’s a word of friendly counsel. to the reckless plunger in today’s stock market: “Watch Your Step.” And here’s a word of friendly suggestion to those seeking the highest yield for their Surplus Funds plus absolute safety. First nearby Invest in our 6% Trust Notes in Maryland homes. In addition to founding the Mechan- ics Bank he also organized, 10 years later, the Dupont National Bank and became its president, holding this posi- tion until it merged with the Merchants Bank & Trust Co. The veteran banker has always been fond of tennis and his home is filled with cups won by his prowess on the courts. Local Securities Active Today. ‘The Washington Stock Market caught the Wall Street spirit again today and recorded a lot of trading during the session. Capital Traction again sold at its new high at 107. Potomac Power 6 per cent preferred came out at 11115 and the 5 per cent issue changed hands at 108%%. Gas stock sold off {ractionally during the day. It opened at 105!2 and closed at 105%, five small lot sales taking place. Railway & Electric preferred opened at 993 and closed at 997;. Columbia Sand & Gravel moved at 9214, Four shares of Peoples’ Drug pre- ferred registered 127. Mergenthaler Linotype continued its recent activity although sales were far under yesterday’s record. The stock opened at 105 and closed at 105%, the day's sales reaching 90 shares. Lanston also appeared on the board, a small lot changing hands at 118, Bank stocks played their part in the trading. District National changed hands at 240, National Savings & Trust moved at 505 and Washington Loan & Trust sold around its all-time high, at 515. Fractional Riggs National Bank 310. Bonds were moderately active at re- cent levels. There was a $5,000 trans- action in Washington, Alexandri. & Mount Vernon certificates at 2, this issue very rarely appearing on the board. Gleanings in Financial District. Two local banks have vacancies on their boards due to the death of Charles C. Murray. Mr. Murray was on_ the hoard of the Merchants Bank & Trust Co. and of the Park Savings Bank. The Park Savings recently elected his son a member of the board. Secretary Mellon announces that the terms of the Treasury’s December 15 financing will be made public tomorrow or Thursday. An offering of about $500,000,000 in the form of certificates is expected by bankers. The interest rate will quite likely be below that of the last Government offering. J. A. W. Iglehart & Co., with offices in this city, are offering a new issue of $225,000 Annapolis Dairy Products Co. first mortgage 15-year 6 per cent gold bonds, with common stock pur- chase warrants attached. The bonds are priced at 99, to yield about 6.10 per cent. Application will be made to list the bonds on the Baltimore Stock Ex- change. John B. Larner, president of the Washington Loan & Trust Co., gave a radio talk Saturday evening on the needs of the Near East, especially stres: ing the plight of children in countries ravaged by war and marred by shifting governments. He announced that a committee of Washington citizens is raising $75,000 for Near East relief, $25,- 000 of which has already been pledged. Controller Makes Promotions. John L. Proctor, recently ‘appointed deputy controller of the currency to fill the vacancy created by the appoint- ment of Deputy Controller E. Willey Stearns to the office of chief national bank examiner, is a native of Min- nesota and received his early banking training in Minneapolis and Seattle, | Wash. He served four years as receiver of failed national banks, five years as na- { tional bank egaminer and five years as | assistant chief national bank examiner in the controller’s office in Washington. | His training and experience make him especially fitted for the office to which he has been appointed. Controller Pole also announced the promotion of Second Deputy Controller | F. G. Awalt to first deputy controller, |and Third Deputy Controller E. H. | Gough to second deputy controller. | | Middle West Ut Co. of Chicago kholders of 5 of stock of record January 2 will b2 offered rights 10 subseribe for one common share at $130 a share for every six shares of stock held. HASOCTOBERCAN Capital Traction's operating revenues | for the first 10 months of the present | warrants were higher today, selling at | NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Abitibl Pow (4). Anitibi Po pf(6) Abrahm&Straus Adams Exp(6).. | Adv Rumley. ... | Adv Rumley pf. | Ahumada Lead. | Air Redetn (13). Ajax Rubber, Aiaska Junea. Allied Chem Allis-Chalm(7). Amal Leath Amerad; | Am Agricul Chm | Am Agri Ch pt.. | Am Beet Sugar. ‘ Am Bosch...... Am Br Sh(j1.60) | Am Brown Bov. Am Brown Bo pf | Am Can (14).... | AmCar&Fay(6). | Am Chicle (2).. {Am Drug(soe). . { SncauTil(3) 0P PE(S) | Am&ForP pt(17) Am&For P2d 7. | aAm Hide & L pf. Am Home Pr(3) Am lce(t214) Am Ice pf(6) H | Am Internatl( ) Am LaFr&Foam Am Locomot(8). Ga | Am Eiano pt |Am P& L (1) Am Pow pf(sta) AmPo&Lt pf(6)] | Am Radiator(5) | Am Ry Ex(6) | Am Republis.... | Am Saf Raz(r3). | Am Seating (3).. 1 | Am Ship & Com. | Am Shipbldg(8). | Am Smelting(8) Am S & R pf(7). | Am Stl Fdys(3). Am Stl Fy pf(7) Am Sugar. ... Am Sugar pf(7). Am Sumatra (3) Am Tel & Tel(9) | Am Tobaceo(8). Am Tobac B(8). Am TypeFo(8).. Am Type pf(7). . AmWW&El(cl). AmWWist pf(6) Am Woolen. Am Woolen pf. Am Writ Pa ctfs Am WrPa pf cfs Am Zinc. Am Zine p! Anaconda(4).... Andes Copr 75c. . Archer-Dan(3).. Armour Del pf 7. Armour I11(A).. Armour I1I(B).. Armour 111 pf(7) Arnold Con & Co Artloom (3) Artloom pf(7). Art Metal(1%). AssoDryG(2%). Asso D G 2d(7). Asso 0il(2). Archison(10) Atch T&S Ferts Atchison pf(5). . Atl Coast L(110) Atl Gulf & WI. Atl Gulf pf(3).. Atlantic Ref(1). AtlasPowder (4). Atlas Pow pf(6). Atlan Ref pf(7). Atlas Tack. . Austin-Nichols. . Auto Sales, Autostrap A (3). Balto & O(6).... Balto & O pf(4). Bambgr pf(632). BankofCom(18). Barker Bros(2). Barker pf(6%). Barnet Leather. Barnsdall A (2). Bayuk Cgrs (2). Bayuk 1st pf(7). Beacon Oil...... Beecn-Nut (3) Belding-Hemwy . Belg N R pf (16). Best & Co(3).. Bethlehem Steel. Beth Steel pf(7) Blumnthl pf (7). Bon Ami A(4).. Booth Fisheries., Borden Milk(6). Boston & Maine. Briggs MfgFCo. Brockwy Mot (4) Bklyn-Man(4).. BklynUnGas(5). BrownShoe(23;) Brunswick B(3) Brunswick Ter.. Bucyrus(1). Bucyrus cv(23) Bucyrus pf(7).. Buff&Sus pf(4). Burns BrosA (8) Burns Bros(B). BurnsBros pf (7) Burroughs(f4).. Bush Term(g2). Bush Ter de(7).. Burns pr pf(7).. Butte Cop & Zine Butte & Sup(2). Butterick Co. ... | Byer & Co. Byer & Co pf(7) By-Prod (13%). Calif Pack(4)... Callahan Zin Calu & Ariz(t Calu & Hecla (4) Can Dry (t4%). Can Pacific(10). Canon Mills 2.80. Case Threshg(8) Case Thr pf(7).. Cent Alloy(2)... Cen Ry NJ(t12). Century Rib M. . Cerro de Pas(5). Certain-Teed (4) Certo (14).....0 Chandler-Clev. . Chandler-Cl pt. , Ches & Ohio(10) C & O Corpn(3). Chi & Alton. Chi & Alton pf.. Chi & East 111 pt Chi Great West. Chi Gt West pf.. Chi Ind&L pf(4) Chi Mil & St P.., Chi Mil & StP pt Chi & Nwni(4).. Chi&Nwn pf (7). Chi Pne Tool(6). Chi RI&Pac(6).. CRI&PDpI(6). CRI&PpI(7). €hickasha(3)... Childs(2.40).... Chile Copper(3), Chrysler(3).... City St B 5% stk C L pf(5). Clev&Pitts(2%). Cle&Pitts sp(2). Cluett-Peab(5) . Cluett-Pea pt(7) Coca-Cola(6)... Collins & Aikmn Col G&E pfA(6) Columbia Graph | Col Carbon () Com Cred(1). ... Com Cristpf 6% Com Crpf(1%). om Inv Tr(34). | Com Invst(rts). | Com Power(3). Conde Nast(2).. Congoleum-Nair Cong Cgrs (5) ‘onley Tinfoil.. Consul Cgrs(7). Con Film pf(2). Consol Gas(5).. ConsolGaspf (5) . ConRRCuba pf 6 | Gonsol Textile. . Container A 1.20 Container B 60c. Cont Baking A.. Cont Baking B.. Certain-teed pf. . Open. High. Low. 481 481 461 85y 90 9 10% 2415 2 157 148% 11% 11% 8514 9ty 100 108 100 101 o 182 139% 139 e 109 57 § 1941 19214 184% 180 183% 18014 1399 139% 111% 111 310 100% 100% 29% 27% 124% 121 4 78 1% 108% 108% 80 770 34 34 96 96 28% 23% 44% 42% 105 105 105 105 24% 284% 90% 88l 13% 8474 95% 79 122% 122% 119 118% 8% T84 697 68% 69% 684 193 190 46% 46% 55% bd% 47% 43% 38 374 116% 116% 10% 10 10% 10% 48% 45% 198 188 114 113% 107% 107 8 6% 3% 31 120% 118% 43% 42% T5% 341y 56% 90% 137 153% 151 135 134 4 103% 103% 110 110 49% 49 64 60% 73 14 132% '127% 4 112% 106l 104% 104% 78 8 45 | Comm Solv (§8). 2: Cont Bak pf(8), Contl Can (n). Cont Insur(6)... Contl Mot (80c). Corn Pro(13% ). Corn Prod pf(7) Coty, Inc (12%) Crex Carpet. CrownWP1stpf7 Crown Zelrbek 1 Crucible Sti(5). CubaCaneSugar. Cuba Cane Su pf Cuba Company.. j Cuba R R(4.80). Cuban Am S(1). Cudahy Pkz(4). Curtiss Aero(1). Cushmann pf(7) Cutir-Ham (3% ) Cuyamel Fruit. . Davison Chem. . Debenhms(2.91) Den RG Wn pf. Detroit Ed(8). .. Detroit Ed (rts) Devoe A (13.20). Diamond M(19). Dodge BrosA. .. Dome Mines(1). Drug Inc(4).... Dunhill Int(4) Dupont (118%). Du Pont deb(6). Durham Hos pf. Eastman(18)... Eastman pf(7).. Eaton Axle(2).. Eisenlohr&Bro. . Eitingon(2%). Eitingn pf(6%). Elec Auto-Lt4% Electric Boat. .. ElecPow&Lt(1). Elec P&Lt pf (7) Elec Stor Bat(3) Elk Horn pf.... Em Brantgm (A) | End-John(s). . .. Eng Pub Ser(1). Eng Pu S pf(5). Equit Bldg(2) Erie R R. Erie 1st pf. Eureka V(t1) | Fairbanks Co pt. Fairbanks(3). .. FedLight(h1.40) Federal M & Sm. Fed MotT(f80c). Fidelity-Phoenx First NatS(1%). Fisk Rubber. ... Fleischmann(3). Folansbee (2).. Florsheim (A).. Florsheim pf (6) Foundation Co. Fox Film A(4 Frank-8 pf(7).. Freeport (16%). Fuller pr pf(6). Gabriel Snub A.. Gardner Motor Gen Am Tnk(4 Gen ATC pf(7) Gen Asphalt.... Gen Asph p£(5). Gen Cable...... Gen Cable A(4). Gen Cigars(4).. Gen Elec(5)... GenElec sp(60c) Gen GasA(01%) Gen Ice Crm(3) Gen Mills (3)... Gen Mills pf (6) Gen Motors 1915 Gen Mot (New). Gen Mot pf(7).. GenOutdrAd(2). Gen Outdr Ad(4) Gimbel Bros. Gimbl Br pf( " Glidden (11%).. Gobel (Adolph). Gold Dust (5)... Gold&StckTel 6. Goodrich(4) . Goodrich pf(7) Goodyear Tire. . Goodyr 1st pf(7) Gotham (32%). Gotham pf(7). Gothm pf exwar. Gould Coupler A Graham-Paige. . Granby-Min(4). Grand F&W (1). Grand Unon.... Grand Un (rts). Grand Un pf(3). Grant W T (1).. Grt North pf(5). Gt Nor pf cfs(5) Gt NoOr efs 2% Grt Wn Sug 2.80. Grt Wn Su pf(7) Greene Cana(6) Guantanamo Su. Gulf Stat Sti(4). Hacknsk W(134) Hanna 1st pf.... Hartman A(2) Hartmn B(1.20) . Hershey Corp. Hershey pf(4).. HockingVal(10) Hoe & CoA..... Hollnd Fur t2% Hollander & Son Household(t4).. .2 | Houston Oil. + | Howe Sound (4). Hud Man(2%).. Hudson Mot (5). Hupp Mot(£2).. Illinois Cen(7) Ind O & Gas (2). Ind Oil&Gas rts. Indian Mot (1). Indian Mot pf(7) Indian Refining. Indian Refg ctfs Ind Ref pf(7). Indust Rayon. .. Ingersoll-R(16). Inland S(k16%). Inspiration((3). InterboroRapTr. InterconRubber. Internat Agri. .. Int Ag Ch pf(7). Intl Bus Ma (c3) Int Cement(4).. Int Com Eng(2). Int Comb pf (7). Oven. High. 89 Deere&Co pf(7). 1 1579 5l 66% 25% 92 26% 26% Int Harv(j6).... 3 Int Harv pf( Int Mtch pf 3.20. Int Mer Marine. Int Mer Mar pf.. Int Nickel (3)... Int Nickl efs(3) Int Paper(2.40). Int Paper pf(7). Int Paper pf(n). Int Paper (A).. Inter Paper B... Inter Paper C. Int Prtg Ink 2 Intl Salt(5). Int Tel & Tel Interstate D S.. Intr Dep S pf7.. Intertype(t13). Island Creek(4). Jewel Tea (15).. Jewel Tea pf(7). Johns-Manv(3) . Johns-Man pf(7) Jones & Lau(7). Jordan Motor. ... Kan City South. Kaufmn DS 1% Kayser J(5) Keith-Albe s KKeith-Al pt(7).. Kelly-Spring Kels Hayes(2) Kelvinator Cor| Kennecott (8) Kinney (G R)... Kinney pf(8). Kolster Radio. .. Kraft Pho(1%). Kresge(f1.60). . <resge SS pf(8) . Kresge Dept S.., Kreuger & Toll. . Kroger Gro(cl). LagoOfl..c...uas Lambert (161%). Lee Tire & Rub. Leh Por Cmt 234 Lehigh PC pf(7) LehighVal(3%). Lehn & Fink(3). Life Sav(1.60) Lig Myers(t5).. 163% 125 184 120% 121% 138% 549 66% 25% 92 264 91 Low 881y 59 871 Close. 89 2081 4 207 91 55t o1 Lig & Myrs B 15 Lig & M pf(7).. Lima Locomtve. Liq Carb (t4%). Loew's Inc (13). Lortilard Co. Louisiana Oil La Oil pf(% Louis GasA 1.75. Ludlum Sti(2).. McAndrews 2.60 McCall Corp(3). McCrory A(2).. McKeespt Tin P McKes&Ro 1.60. McKsn pf A 3% Mack Truck(6). Macy Co (2). Mad Sq Gar(2) Magma Cop(3) Mallison & Co Manati Sugar Manat Sugar pt Man Elec Suply. Man El Sup rts. Man k1 m2:(d5) Man Shirt Maracaibo Oil. Market St prior. Marlan Oil....... Marlin-R(1. Martin-Parry Mathieson(6) May Dept S(4) Maytag (1%). Maytag pf(3)... Maytag 1st pf(6 Melville Shoe(1) Mengel Co MetroG pf(1.89) Mexican Seab. .. Miami Cop(1)... Mid-Continent. . Middle States. .0, Mid States ctrs. Midland pf (12) Miller Rubber-. .. Minn & St Louis Minn StP M St P&SSM pt. Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific. Missouri Pac pf. Mohwk Car 215. Montgmry W 15 Moon Motor-. ... . Mother Lo(30c) . Motion Pic Corp. Motor Meter A.. Motor Prod(2).. Motor Whi(12% Mullins Mfg.... Munsingwi(3).. Murray Corp. ... Murray Corp rts Nash Motrs(t6). Nash & Chat(7). Nat Acme(sta).. Nat Bellas Hess. Natl Biscuit(17) Nat Bisc pf(7).. Nat Cash R A(3) Nat Dairy (13). Nat Dept Stores. Nat Distillers. .. Nat Distillers pt Nat Enamel &S. Nat Lead(5)... Nat Lead pfA(7) Nat Pow&Lt(1). Nat Radiator. .. Nat Ry Mex 1 Nat Ry Mex 2d Nat Supply (18). Nat Tea(4)..... Nevada C(1%) N Y Air Br(3). N Y Central(8).. N Y C&StL(6). N Y C StL pf(6). N Y Dock....... N Y Dock pf(5). N Y & Harlm(5) NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn. N Y Stm pf(6).. N Y Stm pfA(7). Norf & Wn(110) NorAm b10%stk North Am pf(3). NorAm Ed p£(7) No Germn Lloyd North Cent(4). . North Pac(5) Nor Pac efs(5 Norwalk Tire Nunnally Co. 0il Well Supply. Ofl Well Spf.... Omnibus. o OppmColl 4) Orpheum pf(8). . Otis Elevatr 8. Otis Elev p£(6).. Otis Steel...... Otis Stl pr pf(7) Owens Bot(ct4). Pacific Gas(2) Pacific Mills. Pac O} Stubs. Pac Tel & Tel(7) Pac Tel & Tel pf. Packard M t53%. Pan-Am Petrolm Pan-Amer Pet B Panhandle. ..... Paramount-F-L Park & Til(13).. Park Utah(80¢) . Pathe EX......0 Pathe Ex(A). ... Patino M(2.92) Peerless Motor Penick & Ford. . Penn Dixie Cmt. Penn RR(3%).. Pere Marq({8). . Pere Marq pf(5) Phila Co pf(3).. Phila&RC&I. Phil Morris(1).. Phillips Pet (2 Pierce-Arrow. Plerce-Arrow D Plerce Oil. . Pierce Oil pf. Pierce Petrolm. . Pillsbury (12.10) Pillsbry pf(6%) Pitts Coal. Pitts Coal pf. Pitts Ter pf(6). Pitts&WVa(6).. PortoRIicoTobA. . PortoRicoTobB. Postal T&C pf 7. Postum(3)..... Pressed Stl Car. Pr Stl Car pf(7). Produ & Refinrs, Prophylactic t4. Pub Serv NJ (2). Pub Serv pf(6).. Pullman Co(4).. Punta Aleg Sug. Pure Oil (1).... Pure Oil pf (8 Purity Bak(3).. Purity Bak(rts) 4). 106% 188 29% 161 140% 44% 187 3 Radjo-Keith{A). RS Cefs(4). ReadingRy (4 Reading 2d(2 Real Silk Hos. Rets(R)& Co Reis 1st pf(7). Remingtn-Raud. Rem-Rd 1st(7).. Reo Mot (11%). Rep L& S(4).... Reynolds Spngs. ReynldsTobB(5) RhineWE(1.92). Richfield O11(2). Rossia Ins(5) . Royal D(a3.222). Royal Dutch rt: St Jos Leaa13). StL & SanF(18). StL&SanF pf(6) StL&Southwest. Schulte (§3%).. Schulte pf(8)... Seab Air Line. Seab Air L pf. Seagrave(el.20). Sears-Roe($2%) Seneca Copper. . Shattuck FG(2). Shell Un(1.40). Shubert The(5). Simmons Co(3 Sloss-Shef (6) ... Snider Packg Co Snider Pkg pf... So Po Ric S 12 South Por pf(8). South Calif Ed.. South Dairies A, South Dairies B. 185% 5% 129 36% '80%% 4% 44 387% 119% 32% 4 132% 537 354 4% 24 42% 384 119% 12% 32% 45% 132% 53 364 35% 15 1% DECEMBER 4, 1928. IEEY | z | charge of 9 per cent. | noon. | better than the average. This was par- FINANCIAL.™ STOCKS CONTINUE 0 REGISTER GAINS Leaders Bid Up Despite | Loan Statement—Late Selling Develops. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 4.—Reversing the order of the preceding session, to- day’'s stock market was strong in the morning and met selling in the after- In the afternoon the list turned heavy and activity fell off. Call money was marked up to 10 per | cent again today after having renewed at 8 and experienced an intermediate ‘When the high rate was reached, funds flowed into the market and prevented any further ad- vance. It was hard to say whether or not money was any factor in halting the upward movement. Traders paid no attention to the increase in brokers’ loans announced overnight by the Stock Exchange. The motor stocks resisted the selling ticularly true of the shares of the in- | dependent companies. Copper stocks, on the other hand, sagged easily. The market had two developments in the railroad field before it, but neither seemed to influence it much. One was the putting of Missouri Pacific preferred on a dividend basis and the other was the announcement that the National City Co. had distributed to its invest- ment customers a large block of Balti- more & Ohio stock. In the early trading improvement was recorded in nearly all groups. Rail- roads were not quite so active as indus- trials, but they worked higher. Inde- pendent motors were especially strong. Chrysler, Hupp, Nash and Packard led the way at one time or another. Gains of 2 to 3 points were made in the first —_— Close 4 1251 A 145% 145% 127 Open. High. Low. 126'3 128 } 14615 127 South Pac(6)... South Ry(8).... SouRyM&O cfs 4 Spang Chalfnt.. Spear & Co..... Spear&Co pf(7). Spicer Mfg..... Spiegel Co (3).. Std Com To(f1). StdG&E (3%). Std G & Epf(4). Std Milling(5).. Std O of Cal(t3) StdOiINJI(11%). StdO{INY(1.60). Std Plate Glass. Std P Glass pf.. StdSanPro(1.68) Staniey Co...... Stewart-War(6) Strom Car(2)... Studebaker(5).. Submarine Boat. Sun Ofl (g1).... Sun Oil pf(6) Superior Ol Superior Steel. . Sweets of Amer. Symington...... Telautogh(80c). Tenn Copper(1). Texas Corpn(3). Texas Corpn rts TexasGulfSul(4) Tex Pac C & Oil. Tex Ld Tr(new) The Fair(2.40).. Thomp J R(3.60) Tidewater AsOil TidWAsOiIpf(6) TidewatrO(80c) Tide W Oil pf(5) Timken R B(6). Tobac Prod (8). Tobac Prod A(7) Tob Prod cfs(C) Transcont Oil... Transue & W(1) Trico Prod(2%) Truscon Steel. .. Twin City pf(7). Undwd-EL F (4). Un Bag & Paper. Union Carb(6). . Un 01l Cal(2)... Union Pac(10).. Utd Biscuit 1.60. Utd Cigar St(1). Utd Cgr St pf(6) Utd Dyew pf( Utd Elec Coal. .. Utd Fruit(15%). Utd Paperboard. US CIP 1st 1.20. US CIP 2d 1.20... U S Distributing U S Express. ... U S Hoffman (4) . S Alcohol (5 S Leather. S Leather A. S Lea pr pf(7) S Realty(4).. S Rubber..... S Rub 1st pf. SSmelt(3%).. SSmpf(3%). U S Steel(7).... U S Steel pf(7) U S Tob pf(7)... Uni Pic 1st pf(8) Univ Pipe & Rad Utl] P&L A(e2). Vanadium (14).. Van Raalte..... Van Raalte pf. Vick Chem(4)... Victor Talkg(4). Vietor pr pf(7).. Va-Caro Chem. . Vir-CarCh pf(6) Vivaudou Co.... Vulcan Detin. ., Vule Det pf(7).. Vulcan Detin(A) Wabash Wabash . Waldorf(1%)... Walworth(1.20). Ward CLA(8). .. Ward Baking B.. Ward Bak pf(7). Warner Bros Pic Warner-Qu(2).. Warren F&Pipe. Web & Heil..... Wesson Ofl (4) W Penn El A(7). W Penn El pf(6) W Penn El pf(7) West P Po(6). .. West P Po pf(7) West DairyA(4) West Dairy B... West Maryland. u u u u u 53 u u u 1095 1065 115% West Union(8). . Westhse A B(2). Westinghse(4) Weston Electri White Eagle(2). White Mot(1). .. WhitRek cfs(2). White Sew Mach White SM pf(4). Wilcox Ol & G.. Willys Ov(1.20). Willys-Ovd pt 7. Wilson & Co.... Wilson Co pf A Wilson & Co pf. Woolworth(5)., Worthn Pump. . Worth Pump(A) Worth Pump(B) Wright Aero(2). 2 Wrigley (13%). Yale&Twne(15). Yellow Truck... Young Spring. . Youngstn Sh(5). Hourly Sales on N. Y. Market. 10:30 am.. 759,800 12m... 2,416,500 :30 p.m 3,487,700 2:15 p.m 3,982,400 n 0 the above table the annual cash payments b st quarterly or half-year) 1 i o tredln Tt 10 Sp artly extr n x 3 in ;rexamd fock. & Bria id this year—no regular rate. b in stock. ¢ Plus 8% in earned, o Payal le when flocke, 1 Plus 10% in stock)’ e in stock. _h Partly stock. | Plus 20. tock in 0 share quarterly’ e '1/10 share auarterty in tores common stock. © Plus fwo hours. General Motors was frac- tionally higher. | The feature, howéver, was Radio. Closing at 374 yesterday, it had one of its characteristic upward swings and before noon was selling at 397, a net gain of 23 points. Speculators were not | discouraged by semi-official denial of split-up of the shares. There was more talk of taking over Victor Talk- ing Machine by Radio, but nothing was made public regarding the status of the negotiations. Victor ran up 4 or 5 points. | The oil stocks were in active demand. | Standard Oil of New York, taken in large blocks, touched 42, a new top for the year. Atlantic Refining, Marland, | Mexican Seaboard, Standard Oil of | California and Standard Oil of New Jersey went along. National Supply jumped nearly 5 points to a new 1928 high in tardy response to the favor- able dividend action as well as the promising outlook for the oil industry. New York Central was the leader of the rails. In October Central reported | the largest gross earnings ever recorded | for that month. Net was the highest in recent years. Whether the stock sell- ing to yield only a little over 4 per cent has not discounted this improvement is a matter on which opinion was di- vided. New Construction Report. NEW YORK, December 4 (#).—New construction contracted for in the week ended November 30 in the 37 States east of the Rocky Mountains reached one of the highest weekly totals on rec- ord, F. W. Dodge Corporation reports. The total was $164,963,700, almest §74,- 000.000 ahead of the total for the pre- ceding week. It brought the amount of new building and engineering work started since the first of this year up to $6,195,529,800, an increase of 6 per cent over the amount started in the cor- responding 1927 period. Orders Three Airplanes. NEW YORK, December 4 (#).—Inter- state Airlines, Inc., of Chicago has or- dered three seven-pasenger cabin mono- planes from the Fairchild Aviation Cor- poration of New York. A similar order, filled recently by Fairchild, provided three transport planes for use on the first link of the Chicago-Atlantic air mail line. PARIS BOURSE PRICES. PARIS, December 4 (#).—Prices were firm on the Bourse today. Three per cent rentes, 65 francs 50 centimes. Five per cent loan, 92 francs 55 centimes. Exchange on London, 124 francs 145 centimes. The dollar was quoted at 25 francs 591; centimes. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) | Neminal gold Selling checks value (or par).” _today. London, pound.. 548514 Paris, franc. . £0390% 11390 23822 0524 ‘1926% ‘el | ‘1418 Consult Us First If you need money for your Real Estate financing let us have your application today. Prompt Service No Appraisal Fee The Commercial National Company Incorporated Paid ap Cash Capital. $900,000 Commercial National Bank Blds. 13th and G Mortgage Money Loaned | At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 First and Second Trust Money Available On Homes, Apartments and Business Properties ¢ Prevailing Interest Rates Moderate Charges No Apprais 1 Fees District National Securities Corporation Main 2994. 1406 G St. I WILL SELL 200 U Real Estate Mortgage & G 8% 200 Wasnfogton’ Base Banl @ 6. 10 International Bank @ 30 Great T ational Insurance 12 Our Home Life @ 20. 20 F. H. Smith 1'% pfd, @ 95. ith i% pf Seo Producis @ 32. THOMAS L. HUME 1412 G St. Main 1346 ‘New” " M. Uhits Continental Trust Co. 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 F. B. KEECH & COMPANY Members New York Stock Exchanges desire to ann ounce the re- moval of their office in the CARLTON HOTEL Sixteenth an Washingt d K Streets on, D. C. From the North End of Main Corridor to the Mezzanine Floor. Under the Management of William C . Marrow CLARK,CHILDS & COMPANY 120 Bro: New Yor! adway k, N. Y. WASHINGTON OFFICE 1508 H STREET NORTHWEST MEMBERS NEW YORK STO( CK EXCHANGE NEW YORK COTTON EXCHANGE NEW YORK COFFEE EXCHANGE NEW YORK CURB MARKET NEW YORK PROD! UCE EXCHANGE BOSTON STOCK EXCHANGE CHICAGO BOARD OF TRADE CHICAGO STOC! Telephone Metropolitan 302 Capital & Surplus $3,000,000.00 K EXCHANGE JAMES SLOAN, Jr,, Manager Christmas Gift Hints —being in order, we suggest the wisdom of opening. a Savings Account for that boy or girl of yours. fIt'll do them a world of good to build a balance and “grow up” with such a helpful bank as ours. Deposits invited in any amount—same rate of interest paid on large and ! small accounts. ! National Savings & Trust Co. }i The Oldest Savings Institut 62nd Year ion in the District of Columbia Cor. 15th and New York Ave.