Evening Star Newspaper, December 8, 1928, Page 24

24 * FINANCIATL. THE EVENING STAR. WASHINGTON, D. €., SATURDAY, DECEMBER 8, 1928. . TFINANCIAL. AN ; = MONEY STRINGENCY AFFECTS GAININBUSINESS || NEW YORK STOCK EXCHANGE | PRICES OF STOCKS ™7t &F Gorp 1o New yoRK N Vi . ' Tyler & Rutherford | Open Hizh Low Close | Open High, Low Close ! Sales. High Low Close || Revresenting Mutusl Benefit Life Ins. Co. Paviub Pow (4) 441 dota 43% ;:’-I Dupont (118%). 480 480 457 457 |Munsingwi(3).. 534 53 Special Dispatch to The Star. The fact that money is scarce is stp- | 1520 K Street Main 475 Mortgage Money Loaned | At Low Interest Rates i SR T TR fvQw 137 Ieg | aurrav:Gerp NEW YORK, December 8.—One of | ported by the rise in long-term money | Abranm&Straus 100': 102 100% 102 M 56% 66 56 | Mu’rray Corp rts B S0 7 h Motrs(16) quotations. These are now back to ap-! the first and natural effects of the proximately the high of the year after | { Adv Rumley a4 Eisenlahr&Bro. Severe Break in Final Trad- | stringent money conditions has been an | geclining nearly 1 per cent during the | In Nearby Virginia Nat Radiator. all Roi | Adv Rumley pf. 50% 50% ILinZont2 %), A6% 36Y 35 | Nat.Acme(sta). Federal Reserve Survey for, Ahumada Lead . it o 1% 107 107 107" 107 | Nat Bellas Hews abrupt change in the direction of the | autumn. There has, however, been no Prudential : Air Redetn 113) | Elec Auto-Li4% 11 110% 110% | Natl Riseatt(17) iAatE Reacti gold flow. Already Canada has begun | advance in commercial paper rates, 50 1 rudential October Indicates Increase. |aiax Rubner Lot sl o0 1l's 110 | NatCash R A(3) ing Follows Reaction to send back gold taken when Cauadian | that business is not yet affected by the 2/0 Insurance Co. Aiaska Junea. .. T eci'ow&L1(]) 39% 40% 39 39 | NatDairy ($3). exchange was at a premium recently. | high quotations fixed on all Joans made ||| ¢ L Outlook GOOd Albany Paprz) '4,‘— Blec P&LLDI(T) 106'; 10612 106% 106'4 | Nat Dept Stores. of Yesterday Indications yesterday were that at| for speculative purpose: oans 3 { A'lies Chem. 2 " ioe Sion Mats) (82 82 T1% Nat Distillers. . . least $30,000,000 would come from the | With stocks off an average of 10 z Allis-Chalmi1)| B ok T Nat Distillers pf RO Dominion to' New York, now that Ca- | points since the end of November, it ||| Commonwealth Investment Co. E e Ama’ Leather. .. 10% | gmmerson B pf. 5 5 Nat Enamel &S. , nadian dollars are at a discount. is expected that there will be some re- | ll 917 350n st N.W. . Phone Main 2623 BY _EDWARD C. STONE. :me,‘ -»I;‘ i B5% | 3nd-Johnes) 61 % 76 ,:}'u Lead(s). . BY GEORGE T. HUGHES. ‘There may also be anotherjumts:g- ,;slse of t\;‘n?s to fl‘le marke;t. WD W T il . {Am Agricul Chm Eng e 51 45 Nat Pow&Lt(1). = tial import from Europe. ter e | help to balance its requirements be- ! . Sag — o g According. to the Monthly Review : Am Agri Ch pf Sl g [PERecia’ DisRan t Thes Sher SHOVSLIEAE. WoatAREd wa| oHckid LAt | Ewven Depeuibat 15 wiids tie endt o8 the| First Mortgage Loans NEW YORK, December 8.—The stock Eng Pu 8 pf(5 Eng Drcs) Nat Ry Mex 2d of the Federal Rescrve Bank of Rich- | Am Pank N(73) month by the temporary decline in,year. Bankers, however, expect to see | uit Bldge2). mond, business .in the fifth Federal | :’v;: :5231:"”"" b el R. e 0y 'I:?: ?‘e‘?lp:);”“' market crashed today in the most Torml‘))l' "Llull m"eur‘li{e:eil:p;?u:l? u\;;gl:; ?mms};‘:vle;:g: \bz?xtt?l ‘?}iec?lt’}k’lco!a%st at?x‘: Lowest Rates of Interest and Commissto Reserve district, including Washington, | Am Br Shej1 &) st i Nevada Cop (2). :“fpm'iddecune ",r t,"e e Rd"?m gold in London for New York. January disbursements wears off and | | nomas J. Fisher & Company, Inc made seasonal 5:131 Shioe L 7) %3 :{{:fi:fikfi; D15 e g'?'rex&m‘m‘ 7;"9:,,;”“ fm"{’:‘e‘-dg;’i":fi 2 W,'m"gg The 10 per cent rate for call money | currency employed during the holidays gains _fn October ja g eninor SIS U e 5 NYAirBro) from the Bigh for ‘2l time. made only | carly this week and the 12 per cent| returns to them. In other words, there over the volume of (A 4 98y i 8% | M DT 100 N ¥ Central(8) Tusadsy, 1ast rate later challenged money lenders all | is at least another month in prospect | business done in { ':'" "_“",_',"-“zv” - 141% 141% 140% 14 2 .. o N Y U&StLi6) The Sl’ow‘p‘rices were reached at the | 9VeT the world, who were pouring funds | of high rates, with which those who buy ! F- September and [AmCarkFaveR) 92" 5 N Y CStLuf6) o P rlers e o3 johe | into this market yesterday and recelving | stocks on margin must reckon in mak- | 1rst Mortgade probably exceeded l»‘z okt n}:;' o 2 lffl' M;‘\j,’.ffiflu,“ “ | the market in overwhelming volume, | & Fate of 10 per cent that carries gever ing their commitments. i P N Am lncauTilvd Ny T N b10% 5l Rl Vas , W 3 i g Rewten: adds, |10 o, Ul ek NoGermn Lioyd ) 9 6 64 | Wright Aeronautical at 215 was off 26 | ¢ Gicn'\nat they are very little affected | a more moderate movement. in’ prices | onstruction Loan are less favorable | ol Il‘ix:l;;l:‘:r f:f:“ ‘:2 5;‘; Fox Fitm A(4) ‘\"”:l‘r’:‘*l_‘“"" .- g‘;g’:\"“Mp‘:)’l‘:‘g‘g_me&rxi‘:g 3:19“0‘)( ‘he | by the service charges put into opera- nm} a smaller volume of market trans- SANE 4 SUiprefedlitin o Am Home Pr3) 77 76 6 |Freeport (16i). Norwa'k Tire. favorites, and well supported even dur- | 1o three months ago. : SCEOUE ey IOy expRdiedy Applications Invited at e i Amice(t23)... 4% 41% 40% 40% ) Gabries Snub A. Nunnally Co ing the ast two days of falling prices | A whols [ Am Tnternati2) 1170 174 111 111 rdner Motor. . i 3 slumped_directly at the end for a loss ;,"‘3‘ ,.'n:m’;:“m}s Am LaFr&®oam 74 75 14 7y |Gen Am Tnk(4), S of nearly 8 points. General Motors PLAN STOCK SPLIT-UP. 1 s, = & Am Locomot(R) 97% 98 | Gen ATC pf(7). 110%% 110% b and United States Steel left off at the i B fiom e e 165 166 |Gen Asphalt. TU | Ot ivats 15, lows of the reaction, with Motors the | o7/ Sroskmolders of. ne First. Nac 2 0 leading crops in . p. . Siddons. | am (et 51% 51% | Gen Cable. 32 Joussteel...... weaker of the two. tional Bank, at, their annual meeting on 31 13 {Gen Cable A4). 84 781y 7715 7715 | Gen Cable pf(7) AmPo&Lt pf(6): 101% 102% 101% 102% | Gen Cizarsi4). . 72 7 5 Am Po&Lt pra. 72 72 |Uen'klec(15) Hardly a stock on the list was able to | ;o0 w y 8. will vote on a question of stand up in the collapse. Kolster Radio, splitting the capital stock on a ratio in which speculation for the rise had |°P'¢’tRE NG AR SIOCE K S e approved {been carried on extravagantly, slumped |, resotion which would increase the 71% 1 Owens Bot(ct4) 'acific Gas(2). . Pac Lightg (3). the fifth district ot ate less fhis year than last and this | 4™ P&l retards the usual Fall liquidation of | Glover & Flather bank loans and the settlement of other | 3™ Po& Lt bra. 28| GenilbaltE) .. g n cartled on extravagantly, shumpet accounts. Am Ry Ex(8). .. 155 1ot | GaniGasA tor i) Packard M 155 . Aother industrial spectalty, which had | 3000 shares with a par value of $100 1508 H St. N.W. “Wholesale trade in October Was in |, popyyy BAa B8N |Gen e Crm(3). 99 9 an-Am Petiolm been bid up in reckless fashion, drop- | 0 12000 shares with a value of $25. . 5 less amount, than in October, 1827, in bHl 58 2 . , The move is designed to give wider dis- NETH S. VAN STRUM. Main 1753 Am Saf Raz.15) 68% 65% 68 |GenMills(3)... 80 81% 79% | Pan-Amer Pet B ed nearly 20 points. 36 35% 35% | Gen Motors t975 194 194 186% 187 | Pan-Am Wa B.. » e BT estiibnt slonks L atoul e tribution to the stock and to bring it five of the six important lines for which . within the range of people of mcderate Am Seatinz(3).. NEW YORK, December 8-—Aside statistics are available. On the other | yp, ghip, &' Com 4% 4 4| Gen Mot (New). 80 80 7x1, 78% | Panbandle..... merit of which thore can be no qu- , 2 3 . n i | Gen A 2 5 7 e o quastion hand, labor in the d‘lesv is b}clfl.er elll: Am Smelting(8) "va‘ 2541 255 | Gen Mot pfil) 5 125 125 erlmqunt»l“‘»L suffered along with the rest. One of | MeARS- from the eternal hap:vor getting rich ployed than a year ago. "d'h the T | Am S & R pr(7). 37v% 137 137 | GenOutdrAd(z i a9 s2u w2 | Park & Til the few exceptions was Gleneral Electric, — . e suddenly, there are two chief factors ing increase in the city purchasing | (on grueia) " 5 2031 203 203% | Gen Dutdr Ad(4) 50% 0% 50% 50 | Eark Utah(soc 3 which left off with a gain on the day. CHICAGO STOCK MARKET. which are responsible for the increas- 1 || power to compensate at least in part 94 947a 90 o2 | Pathe kx Washington, D. C., X i< Am Stl Fdys(3). 53% 581y b7% 57 |3en Ry Sig. 5 ‘The copper stocks were weak, With|sgpecial Dispatch to The St ing pularity of common stocks. First, or the lower purchasing power of the AmSumrc.... 8l 82 80 & Seametianco. STt TG | TE o) Greene Cananca down over 6 poits and | * GHICAGO. | December 8 Following thi p::,mmm St RGiAeE nveititidiia December 7, 1928. mers, i > P Am Sumatra (3) 534 53% 53 53 eite S R(cs). 1124 113 2% 1128 | o A1 Seeg Kennecott at a new low on the decline. B g e h s 3 g 5 T~ 3 ’ :| Am Tobacen(8). 174 175 1781 174 |3 S92 42 92 92 L I8 the weaksst in the last few minutes o ' . Z second is the fact that common: iRt were materially larger than debits in the | {70 BPRCCRies- 170 178 (T8N M4 | Glidden (11%).. 0% 204 Fenn Dixle Cmt. trading. It was then that prices melted | Stock Exchange: g * Mr. Robert K. Williams has preceding month of this vear, indicating | x .y 6y " 1l 1191, 11615 1181, | Gobel (Adolph). 50t s Penn R R(31¢). sty 8. P Sales STOCKS. stock dividends increase with the cost . . / a normal increase in Fail trade. Bulld- |y, qypero(8). 1350 % 134 134 |Gold Dust (5)... 129 123 Pere Marq(t§). For i in hundreds. High. Low. Close. | 5¢ |jying, for rising commodity prices this day voluntarily dis- i its issued and contracts actu- rEAa §-185% 138 18R Lo tinh (d <+ 5 Phila Co pf(3).. For the first hour the list was under| = 3, Amer Mohawk.. 3202 30%s 30% ST flf‘\ p::-‘:\rdid e thoke ol "Octo- :rflx&fip‘:?;‘ lm' " 1301‘ lfi), 63 r;m,d”;h m_)“_.'.. taiaie 1171“ el Phila & RC& 1. heavy {,’"5’“}‘," and :‘lm%sit unl!or!mly Hfil_lble‘d P‘;od A i 50 :2 :z means greater profits for most compa- associated himself from this : fant vel s ise e D100, 100l havdar TYhe ' . air, | Phil Morri lower, but there was nothing spectac-| ; Altofer B ev prd ... nies, so that they can pay higher divi- Der last year, Which seems 0 PrOMISE | A Woolen..... 25 281, 241y 4y |Goodvear Tive. @ity e o1 o[ EntlMortiscl).. ular ‘about It. The rush to unload ~LAmer Coloriyoe ... 38 8 1B | BOm, S0 LR AOE (0 BOF LOEL Cven ||| firm. well for employment. Am Wolen ot 88K b6k | by 19M4 19L% 101% 101%] bhoenix Hosiery came just before the gong rang for the | 17 Am. States rts 1% 1% | by statistical analysis. Reports on Wholesale Trade. 140 Rinaurite 45 45 |Gothamuvizis 7Tl 72% .Tiw 7ive| Elerce-Arrow. final trading Apparently few wanted| —JArL Meiay pid ... & 48 43 Many investors in their haste to in- | A. S. Goulden & “Wholesale trade reports from 80 4™ %0 264 26% ) Gouid CouplerA. 7 7 7 ‘g |Piercecit... to carry stocks over the week end. 10 Assoc Appar Ind ... 4. 531: 33 | vest in common stocks, however, seem || firms in six lines showed slightly larger | {TREORIAT0) - B 3| Graham-Paige.. 44% 454 a3 | Perce Oil pe.. : D | uArsae s * 13 to overlook the fact that profits are | Company sales in October than in October last | JPUAS CODY TAs- JoM 42 | Grhmi-Paigects, 10 40 371, | Ulerce Petrolm.. 5% 5% 5 5 |oascs stop loss orders were uncovered,| 1Y AUR"Vwash ptd greater on common sfocks bought when B> in groceries, but dry goods, ahoe, | ATeher-Dand). 9% 95% | Granvy Mincd). 6% 16% 7514 | Dillsbury (12.10) which accelerated the decline. 5 Backstay _Well business is poor and stock prices low hardware, furniture and drug sales de- ;:'"“"f “Tl :f 7 9 9‘:», 93% | Grand F&W (1 AR 7; ™| Pitts Coal. The opening was irregular but with | gg;;té:rn anl\:I‘B'A than when prices have been boosted in | creased during the 1928 month. D'{ll\r:g::ul:z;;“ o 'S 1% 18%|Grana Unon.... 29% 29% g0y, | Eitts Qoalipr losses predominating. 3 Beatrice Cr. s periodsof great busmens activityis ) IS o ot e - i .. Ve n y g " ‘itts Tel Coal. Goods, showed the greatest decline, part [ ATTONT MU0 Wb Bu N B Grand Unrte). olib ety Conl 15 Borg Wather 110 When to Invest. of a Century's i v of which was perheps due 10 1OWET [ i ia'cong o 421, 4214 40 o |Grand Unpf(3). b4% B4k 5315 64 prices for some texlmesm ts‘;“ur}a%::' Art Metal(13%). 301 304 305 ;"u | Grast W T (1).. 113% 13% 113 113 In comparison with sales in Sepember | 4 seobryG(2%). 66w 67 66~ 66 | GTANOTY BGS) 1074 108 108% 10 this_year, sales in October increased \sooo G od(7). 107 107 107 \to7 |Gt NOTPEotsd) 105 1054 105t 1054 in groceries, hardware an négfhrn\- Archison(10)... 193 193 191 191 Gt NoOr cfs?k. 26 27 25% 264k declined in dry goods, shoes an 1{AtchT&SFerts ot oy oy oy lGrtWnSuzz80 364 364 34 34 fure. In total sales since January 1|30 /R (ETE | B BE 24 Greene Cana(s) 140% 143 134 130% PertoR1coTobA . PortoRicoTobB, Postum(3)..... Pressed St) Car. Pt St Car pf(7). Produ & Refinr: - 1Bright Ster Ei A.... 2% 212 42| It is impossible, naturally to know || Ezperience Markets at a Glance 1Bt S B il 1014 11 |exactly the right time to buy sbocks.l § s Benee & i The best rule seems to bgr h'io inlv_est W y 64" | when one has the money. s policy, NEW YORK, December 8 (P)',','.' o Mic 35 1 however. applies only to_the current Sie LINeCl samadin ol 19 savings of an investor. If he invests | = y 3 + Y g Pub Serv NJ (2). points under its record high. Bonds, 8 time, he is f‘t‘fls year, h?;\ Ml"fl‘»:o nf":;g:ggg{g“;fl:: At Const Li+10) 160% 165% 163% 165% s ";‘z o ‘»7% ia | Pub serv pfcs) . dull; rails sell lower. Foreign exchanges. | g Ghair e g ;‘fm;fin“gl fmt’gflé’; e s Gvars show 1 Gl L. Al 41% 41 424 R Pub S NJ pf(8). mixed; Japanese yen improve slightly. 3 ) = ver, if he curing the fl“‘gg r‘:mn&*;s g_;gf;fm“ Atlangfe Ref(1). 5i% 52% 51% 52 |HartmnB(1.20). 25 25% 24% 24% | Pub SE&G pi(6) Cotton, weak; bearish Government re- Chi G 2 38100 Y,?L‘::& ml'n:nfing?fl:;vggur%g'mmly “'Stocks ,epordgfl (;;C T were larg- | 4 (jasPowder(4) 100 100 100 100 |Havana EIRv... 8% 8% 8% sy |PullmanCo4).. %1% 51% 80w 803 | Dort. Sugar, featureless. Coffee, de- & El H 45, |over a period of years, scme invest- M Hrms at the o handmeon September | AtlasTack..... 11l 1i4 11% 111 | Helme Geo(17). 112 112 112 112 |Punta Aleg Sug. 20 clined; foreign selling. ellow Cab i ol 36 33 3% | ments may be made when stocks are too | anagement- ;B nl,s?‘sfi ,gr%xé"‘es o hardware, :1.,:n.:;|3nn;:. 6 6 6 6 itcr:::ey Corp... 67% 68 5% 66 |Pureuil (1 26% CHICAGO. December 8 (#).—Wheat 2 Club” Aluminu ) ¢ high, some when stocks are too low. Service ), 3 us Cred(4.49). . 60 ershey pf(4).. &3 83 xj Purity Bake3). 24 and corn holiday. Cattle, irregular. 2 Qo d 00 gyt = o e but dry goods and shoe stocks declined | )\, 5ggjes. . 2914 { Hoe & Co A.. " P‘l‘:;‘ll‘r‘;' B’ak(r:s) : ;;: i o 1 t 1 The result will be a good average price A 1T 1% 1T% 17% during _the mfi““‘i g“ w?rc:"bszflfi:;:um Salespf(3) 36 3 36 | Hollnd Fur 12% 43 43 48 43 lozs, dry goods slocks werE e |Autostrap A). U5 45 45 45 | Hollander & Son W 20% 20% than on . > 4 vl 7 9 " Homestake(§7). k{ thoe and hardware Stocks’ were SHghtly | Paldwin Loc(7). 250 200 230 230 | wousetiolts 1) o 1oh Jarger. oy = e mas | ELOUStORDAL, .oy 118% 1189 - e of outstanding re-|Balto& Opf(4). 78 78 17% 7% i L 8% ol D Sctober 1, 1028, which | Barker Bros(2). 4% 35 34n. 35 [ Hiongaound(4). 61 61 Hogr, steady. ' Consumers Ga '+ il 11 |and his investments then will have every 1 opportunity of growing in value along with industrial progress. - pay, not only in increased Future Cost of Living. | revenue, but in relief from The fact that common stocks main- | the multitude of worries tain a steady purchasing power whether , inevitably incidental in the It will be an investment and one we feel sure will CHICAGO LIVE STOCK MARKET| '$Biet: er c 1 Blee Trotisenold - CHICAGO, December 8 (#) (United :‘; oy G&FE States Department of Agriculture).— 3 Foote Geai Hogs—Recelpts, 5,000 head; fairly ac- lsulles&u.rxa Radio Corp. RadioCo pf (3% ) Radjo-Keith(A) Reading Ry (4).. Reat 8ilk Hos. Reis(R)& Co Hud Man(23g ). . 0% 50% . b o : : | Barnet Leather. T 26% % 50% | Remingtn-Rand tive; sicady with Friday; top, 8.90; the cost of living rises or falls has been | were collected during the month was = T % | Hudson Mot(5).. e 8! 5 P attempt to manage your mt- | Barnsdall A (2). 38 3 : : o Bl mostly 8.75a8.80 market on’hogs scaliny used as an argument in their favor Tigher than the October, 1927 percent. | Barnsdall 4 304 384 | gupp Motir2).. Tak TW 0 70| NedMotiriy Y 500 nead: Aoethot bonds. “Today, however, many || own apartments or other over 180 pounds. Shippers, 1,000 head; holdover, 1,500. Butcbers, medium to choice, 250-300 pounds, 8.55a8.90; 200- 250 pounds, 8.55a8.90; 160-200 pounds, 8.4028.75; 130-160 pounds, 7.85!5.75..1 Packing sows, 7.75a8.40. Pigs, medium to choice, 90-130 pounds, 7.00a8.25. Cattle—Receipts, 1,000 head; com- pared to a week ago, strictly good and cholice fed steers 25a50 lower, closing, however, unevenly higher than the | ,8Kajamazgo Sto week’s low time; common and medium 13 Keystone - .Stl...... killers 25a40 higher; stockers and feed-| 23 Lane Drus. gold significant enough to make prices 22 2% 2UA e ul 82 80 80 ill:ln(t;vz(’(;nfl;.. 138 138 138 188 ring the 1928 | Belding-Hemwy 13% 13% 18y | In as (2). 3% 31% 31 31 furnityre. were siowee dhwing | Belg NRDE(16) 841 841 B 84y | Ind Oil&Gasrts. % % 4. % month. | Bast&Co(3)... 89 89 85 85 |indianMot (). 'S4 34 32ty 321 Retail Sales Reveal Increase. | Be'hlehem Steel 73% T4% 2% T4 :""::“"fifl"m"l» 29% 80% 27 u6 Beth Steel pf(7) 122 122 122 122 |lIndian Retgeifs 28 28 27 27 “Retail sales in October in S}E m‘:;ga,wmmgd.,e." 42 42 41 41y |IndustRayon... 128 128 127 127 reserve district, as ftment_ stores, in-|BonAmIA(4).. 775 77% 77 77 | Ingersoll-R(t6) 105 105 103% 108% of 30 leading devlrl Gl;o T cent|Booth Fisherles. 9 9 8% 9 [Inland Sikvedy. 70k 69% 69% creased _approximately le ‘per | Borden Milk(6). 163 1 161% 161% | Inspiration((3). 40 3 over September, and aversge 15 PET|porany Mils (A 14 14 15 |lmterboroRuyTr. 45 cent above sales in October, 1927. Briggs MfgFCo. 45% 45% 42 43% | lnierconRubber. 117 Rep 1 & S(4) Reynolds Spngs. ReynidsTobB(5) RhineWE(1.92). Richtield O1l(2). Rossia Ins(5). Royal D(a3 222) Royal Dutch rts St Jos Leaa 13). StL & SanF(18). SUL&SanF pf(6) StL&Southwest. in groceries, dry goods. shoes and | 0 355;:. ot eollections In hardware and | Beecn-Nut ( believe this argument has lost much of | rental property. its potency, for in order for stocks to | Our service is based on :x:ll;l a real !égvnntaée tzvelli- iztmds lr: over a third of a century's respect the cost of living mus experiende: rise. Living costs probably won't de- | » . | cline until the gold supply of the world | F. SAUL CO. —used as a basis for money—increases | ol Soiins) ol - faster than the ordinary requirements | Main 2100 925 15th St. of business. Mining engineers say that there is little possibility of a new discovery of } he StL Swn pf(5). . 14 Lane Di porting stores in Baltimore and the|p bl o (3 68 68 631 64 | Internat Agri 16% 14% 14% | Sav, ers strong to 25 higher; fat cows and v Pl T 17 , | rise sharply. Instead, they are predict- COMPLETE FINANCING other clties averaged lower sales Jast|pyiyn’Man(s).. 664 66% 6ok 664 | ILABCRDECT) 80k L KOW KL |Somans (Gaie). Stiers Tecuely 80° up: tutcher heers| 3 fi'hbsy'";lcinfil' 31 13 ing declining cost of living by seying| _ o month than in October a year mw | BKlyn-Man pf(6. 89 89 B9 89 | Intl Bus Ma (¢c5) 147 146% 147% 50a75 higher; bulls strong to 25 higher ";l L‘ncoln anm pid. that the amount of gold being mined ihe Richmond and Washington stores | pyiynUnGas(6). 171% 171% 170 170 lut Cementis). Tl T8 20% | and vealers largely 1.00 lower; extreme [ % tion Ol Ref Co., 32 | cannot keep up with the requirements | brought the district average “%?wm BrownShoe(23) 45% 451 45 45 |intCom Enge 61 620 | Seagrave(el 15 " | top steers show offerings, 17.50; meager § Material _ Ser. 4 for the metal for money. | lst & 2n ‘. 1927 level. Mild weather in ont, | Brunswick R(3) 5014 50t 45 47% |10t Harvoe) ... 307 307 | Sear: 1597% | supply of specialty i representative IR A 4 Trend of Bond Pric 7 delayed retall trade fo some extent.|BruiewickTer. 37 35 31 M |10 Mihpiiii w0 1 8T K | Seneencepe 5 " weights, 17.00a17.50; comparatively lit- Meadows Mfe Go. . 123, 12 13 ks i ! cur:’mhu\"e‘j:l:; :h;ceer i::{l:fgove'mm viumyrusu)../;, 3:;& }2 34% 34% ::t fi:: :::‘r_-:: 5% 5% Jg& . 82:& Shatwuck FG(2) 42 1211 | tle above 16.00; bulk, fed s:cers ang ?55{53 khm‘x!.‘mr bid 281, 28 2 uvmk;éf.’gve‘?"fifhfi', ;r;;.zlxxlxgaiolsetao!f aged one-] 1 fueyrus evi W 4 4 4 v 3 5% { Shell Un1.40). 264 | yearlings, 12.75a15.00; stockers an st 3 , st s in the Daxk ien monits of DONE | nore s Bty b 145 409 118 110 - | IOk Biit 85 200t 202 | Smelt Un rens e 2 - A3 35 |and with the stock market at such TRUST MONEY Shell Un (rts).. 5§ 5% 4% 4% {eegers. largely 9.50a11.00; best up to 2nd October 1928 sales were 2.7 DET|Eurns Bros(B). 32% 32% 31% 31% | Int Nicklefs(3) 199 200 fat cows 'closed on 7.7529.50 heights that common stocks are yielding { 5 - Shubert Thetb). T0% 71 69% 693 Fe cent above average October sales during | Gurroughs(t4). 195 197 195 197 |!ul Paverttdu), b4% 54% | Simmons Cod3). 3 ¥ sis; butchers’ heifers, 9.00a10.75, and | ]38 Mid Wes considerably less than high-grade bonds, the three years 1923-1925, inclusive. |Rush Term(g2). 73 73 170 70 |ImtPaper(a),. 24% 24 snnm: Pe‘l‘:.‘ 2 ;:"llnzs heifers. mostly 11.50a13.50. il 2t 5 oy oy orewses. Onl“lhomng‘u;n;p;‘tmcnmmt S stocks o€ goods an the shelves of | Butte Cop & Fino ' 8 8% & 8 .jinterPaperB... 13 184 13 1ok Sheep—Recepts, head: for the 2 H As a matter of fact, there never buildi . the reporting stores rose seasonally last | Butte & Sup(2). 10% 10% 10% 105 |ioterPaperC... 1k 11% U% 1l week, 5,000 direct: an increase supply | 1 roonth with the receipt of Winter and | Butterick Co 42% 42% 42 42y |Intkriginksle. 51 bl 50 b0k was Teadily absorbed; early fat lamb| 2 properties. No apprai- Toiaay " merchandise. increasing 13.4 | Byer & Co © 184 184 158 16415 ] IRy CentAm, 494 49% 497 49% 23 rice, trend strong to higher, weaken- Prom, rvice. per cent. during October, but on October | By-Prod (13%). 94 941 92 ~ 92 |intTel& Tel(6) 182%-185 18ln 182% | So Po Ric S 12% i e LY PUBLIC UTILITIES South Canf Ed. last week; fat ewes, 25a50 higher; Seuth Dairles A. 85% 354 354 854 | yearling wethers steady: feeding lambs South Dairies B. largely 25 higher; week's late top fat South Pacet). natives and few Western lambs, 14.10; fat ewes. 7.25; bulk prices for the week; fat lambs, 13.75a14.00; native throw- outs, 10.00a11.00; good yearling, 11.00a 11.5 fat ewes, 6.00a7.00; féeding lambs, 13.25213.75. $ 31 stocks averaged 2.6 per cent below Calif Pack(4). W% 1% T3 T3 Interstate D S.. T 0% W0 those on hand on October 31, ?21,‘. e ol Island Creek(4). 52% 5¥% b2 62% “The rate of turnover k""””h 5°% | Calu & Ariz(7). 110 106% 1077 | Johns-Manv(3). 168 170 161 161 sonally in October. The percentage Of| Catu & Hecla(4) 38 383 3Th 37 |dordun Motor . 126 12w 11 12 sales in October to average sf tzc o the | Can Dry (t4%). 4% 6 -71 71 |Jordan Mot(rts) £ Yo 1y % that month was 3(1).1 {ml' gfl:m ?:nuary | Can Pacific(10). 2225 222% 219% 220 |KanCity South. 85 85 80% 82 percentage of total sales sine 3 f | Canon Mills 2.80 45 = 45 = 44% 44K KanCSopfie).. 0. 70 70 70 1 to average stocks carried during €ach | Gyse Threshg (6) 440% 440% 419% 420 | Kaufmn DS L%. 51% 81% 31% 304 7 Mus g later closed to 10a25 below close of 32 N 6 Real Estate Mortgage ! & Guaranty Corp. | 24 Jackson Place Spregel Co (3). of the ten months was 252.9 per cent,| cens Alloy 1 2). 38% 39% 3% 8% | lKayser d14) phe Std Com To(f1). t e, . 2 Y ceee Bl T 3 “;"{cu':fh;‘fln:: annual rate of “‘mo""‘;"‘mm:‘y RibM., “t)xla 19 12 19 |ieith-Albee. ... 6t 87 :52': 1::: 3:33:?:33;1 TP G SR *'Collecons in_ Octaber tofaled 289 | Coriain-teea Pro 254 W% 28 284 | Kally Gt S0 “so i g | S lling B TREASURY CERTIFICATES. per cent of receivable outstanding on | certo (74, T8l 78 T8 |Kely Tira6%pr e s Sha S| SLa0ofCANIE) (Reporled by J. & W. Selizman Money for the first of the month, a higher figure | Ciiandier-Clev.. 18% 18. 18 |ieinHayes(2).. 42 42 40 40 |SaouNyiies): ate Maturity, StdO:INY(1.60). 3'%s Dec. thap either 24.5 per cent attained in|cjandler-Cipf.. 32 32 31% 31%|Kelvinator Corp 15% 18% 15% % | 5 Seplember 1928 or 278 Der cent in!Ches& Onio(10) 192 19213 191 191 | Kennecott (8)... 1334 184" 130s 1om: e s Mar. 15, F“'St Mortgages October last year.” |C&OCorpn(3). 70% T0% 70% T0% | Kinney (G R). 50 B0 50 50 e 3%s Mar. 15. Staniey Ca . Stewart-War(6) Strom Car(2)... Studebaker(b).. k Submarine Boat. 3% % 2l% 2% | Sun Ofl (g1) 4128 June 15, 19 4%s Bept. 15, 3ths Mar. 15 193 3%2s Sept 15.. 193 3'as Dec. 15, Chi & Aiton. 10% 10% 10% | Kolster Radio... 66 69% 5 5 16% 16% 16% | Kraft Pho(1%4). 5b% Ivr‘n’;: .‘hgv‘ ;‘?‘/6 16 16 15%: Kraft-Phoe(n). 35 35 35 35 iKresge(71.60). . Kresge Dept S, . Siddons Heads Fiduciary Section. Chi & Alton pf. The first meeting of the newly cre-|chjGreat West. ated fiduciary section of the District | Cni:t West pf. of Columbia Bankers' Association Wwas |Cni Mil & St P.. 97 30-32 97 30-32 With our' facilities you can save time in =1 3 &F M 0 e M A i LS 0 been any doubt that bonds have an im- | held yesterday afternoon. President | Chi Mil & StP pf Kreas SH(n1Y 3 113 ' 1 8 -ifs i Roberi V. Fleming called the meeting | chis Nwitd). . s e 1i%% 110% | Superzor Onl. 9% 10 9 Stelnite © Radio portant place in any well planned in- arranging a loan for o order and turned the chair over to i« 1&Nwn pfe7). Kromer Graie 114 118 3 1097 lb%“ fiu_;;en;lurfs.r‘eal. (Quotations furrished by W. B. Hibbs c;cx;,) § Supar Maid Corp Vt‘%:lfleyh(ms SEUEE re-financmg or con- Frederick P. H. Siddons. Members of | Chiluve Tocli6) 188 133 M8 158 |Kroger (rights). 1 1% T 1| Sumimbion O1A: 3‘3‘.’.‘."’1’&1?&.*"‘}‘5&5‘ "1 2 Sutheriand ra” fered from & sharp rise in the cost of | struction of house, e eamett: LR R Py, Too Soote 128 M28% lLigoun. ... 0 80% ‘804 301 30% | 'veiancognissey. MO MM | 3aSwitc dne short-term credit. - Bonds, representing apartment or business Mr. Siddons, Er-kine Gordon. GeOrge ' Cuickasha(3)... 470 47% 4T 47 | LAMDert(f615). 119 120 116 U74% | Tenn Copper(1). P e ong-term_ credit, were passed by in property. M. McKee, Bruce Baird and William H. ' Childs(2.40). 570 57% 531 521 | leeTire& Rub. 19% 18% 18w 19 | 7Teans Corpned). B favor of call loans and other short-term o Saden, This body (h>n elected Mr. Sid- | Chile Copper(3) 65% 6% 614 62 |L"N POrCmuzle 5245 53% 524 52 | Texus Corpnrts trans. 11926% mediums of mvestment where the re- The money is im- jons chai 1 rdon vice chair- | Chry: 3 3 5 ## LehizhVal(33%) 92 92 92 92 | rexussulfSulid drachma . SRR turns were larger. As short-term money mediatel ilable if dons chaiman, Mr. Go \Chryslerc3). .. 125 125 114% 114% . s ultSuli4) Ret i6ii ately available 1 man and Mr. McKee secretary. | City SUB 3% stk 105% 1057 102% 1021 | N0 & Fink(3). 541 5% 54l 55 | Texas & Pac(s). (emiiing. " RHY rates rose, bond ylelds also rose. Rising | h it ; - et emreay 107k 1000 1080 10206 | teuaver o0y, .36’ 3k 348, 34M| Tos Paec RGN, *“Dengo. . it bond yields meant. of course, that bond the proposition jus- Votes Dividend—Adds fo Surplus. . /St Peaki®)- B0a BT €8 S6| Lig e Myrs BTS BT% BTN B6% 864 | Tex L Trinew) o crown (nom. tah Sagio prices were declining. tifies. he directors of the Bank of Com- Collins & Alkmn 46 47 . 45 eamoe 3. o B 85 [ Tedwner Mg, . 24" | Gopehtagen. crown 1 Vorctone oo i h-gade. bonds. aveases S3r por nproe & Savings at thelr December |Colg Atk pfit). 91 91 81 Lig Carb (14%). 10L 101 95 97% | Thatchr pf3.60. 48% 48% 481 48% Qslo, crown’ . . 1 Yorclone ot pi ;‘:fi,.‘g{f eAu nts“n;:r;sed 437 per Low interest rates and J2eting yosterday declared the regular col Fuel & fron 68 68 63 Loew'slne (13). 62 62 58K 58%|TheFairi240).. 48% 49 47 .. 47y | Stockholm. crown 2 W oent - Aw this e modest commission omi-annual dividend of 5 per cenl. | Col Gas & E15). 125% 125% 124 el e 8 T4 T%|ThompJ R(3.60) 3 2 iwi e Rfoen t this point it was clear "It was also votod to transfer $20,000 | Columbia Graph 65% 67 61 LODEBA) - 29% 20% 29% | Trdewater AsOIl Ope 3 Whiee: {ous band vield rise Hadihoan grerdone: from undivided profits to surpius. which | Col Carbonea).. 1021 106% 102% 103 | |©008e-W(1.60) 67% 60 63% | TIAWASOIIDL(S} Ward Baking B, 16%: 16% 16% 15% | 10W i e vt Wieaing: G- B F SAUL co gives the bank a total surplus of $150,- | Com Cred(1)... 48% 49 dbw 46 |\oriiard Co. 26% 26 26 | Tidewatr0(80c) Ward Bak pf(7). 78% T8% 78% 78| 3 W ganizations bought heavily, and at the il . §00. The present capital is $100,000. | Com Inv Tr(34). 121% 122 114% 114% | “oulsiana Oil 14 14 14 ) Lide W OIl pfi5) Warner Bros Pic 10 Vot same time short-term money rates be- D L rs. toia the | Gomm Solv (18). S18 sagts Lians Sity | LOWSCAIA 175, 1% 31 36% 36% | Timken R1(6)- Warner-Qui2). 100 Zeni came easier, causing bond yields to de- 925 15th St.—M. 2100 board that the last six months had been : Com Power(13). 921 93 909 90% | Ludlum St(2).. 7% 78 7o 76 Tobac Prod (8). Warrn Bros (15) Total cline until November 8. th> most successful in the history of w‘nnaglmnh : ‘IZ'- % 76l T6% g:c?ndre}v’s?.su 135% e 48 48 #‘;’:‘;’:&’Qffl"o‘.‘.'“ g:;r;nflh‘&ll’lr o L Future of Bond Prices. @ : E Congoleum-Nair 26% 6% 25 cCrory B(2).. 103 3% 100 - 100 | Tran: ot c ‘27 66%: 68% 66} ve E Ve {(‘ong Cars (5).. 9% 79% 794 MeKeesptTin Pl 71% 7% 70 707, | Transue& Wi1) Toamapon a1 EHCHRT 7 8 8 i &‘:"p:‘s;‘"x:on“t‘t‘!‘wg°y‘el‘ds“m‘e Dividends and Bonus Voted. oty Tatal. 1 % B McKes&Ro 1.60. 47t 48% 47 47 | LTico Prod(2%) West DairyA(4) N'Awat WaES. 08 98 8 | 0 cn they will emain at present jeve R. Golden Donaldson, president Com- ey ot ! McKsnpfA3% 58 68 564 57 | TrusconStesl... West Dairy B .. Wang Ba e 20 |els until after the turn of the year. At mercial National Bank, announces that (,n¢ p|‘-‘u|“;,v; 61, Mack Trueki6) 98% 995 98 98 | Undwd-ELF (4) West Maryland. P it ok o i g bl th.y‘ its the board of directors has declared the | con #1im pi ¢ \ Maey Co (2).... 163 166 160 160 | Un Bag & Paper West Md 2d pf... ety 2 TRt T a1h Cladais mre‘m o ow'r regular quarterly dividend of 1o DET | onsol Gans:. Mad SqGar(2).. 19 19 18% 18% | Unton Carb(8) . WsitEedifo BOSTON STOCK MARKET. cause falling bond yields. - CEt IR aBaINon el eris I e Magma Cop(3). 60% 60% 59% 59 | 1n Ol Cale2). .0 YEess Paalng pe e a1 Tacenklyt subiic bayiig: 66 Bioos: he auerterly dividend of one-half per cent, | ConRRCuba pf & Mailison & Co. . 327 31% 324 | Union Face(10).. yeat Snfongh) . BY SNSRI e b0 : been negligible, for all interest. has been | Y o o ! o | Man Kl Suply . 311 1% 3Ua | Utd Biscuit 1.60. RMesLiNaA HEY BOSTON, December 8.—Following 1s g — < < making the annual 8 per cent dividend ' Consol Textile. Man Ki Sup rts . = Westinghse(4). a list of foday's highest, lowest and ! fixed on the gyrations of the stock mar- which the bank has been paying for the | Container A 1.20 i o P i S Weston Elcctric Slosing oricas for the most active stocks | ket. Bond men are of the opinion, past three years. In addition to this, | Contuiner B 6o el iy L :“:" Utd Cgr St pf(6) White Eagle(2). aealt fn"hm. | however, that when investors find that the board declared a Christmas divi- : Cont Baking A. by S 9eva 341 ) Ud Elec Coal. . ; large speculative profits in stocks are | White Mot(1). .. WhitRek efs(2). White Sew Mach Maracabo Oil. . Market St prior 81% j Marlan Oi1 15% 15% [ Utd Kruit(t5i4) 39 39 | USCastIr Pipe 40% 42 1 Us CIP Ist1.20. dend of 2 per cent, which will be paid | Cunt Baking B. Sales. High. Low. Clete. | not easy to retain they will again t i to the stockholders on the 20th of De- | Cnt Bak pf*8) aero Underwriters... "3 38 % ; & gain turn | IN ASSETS are behind a 21 | to bonds. i i 355 Amoskea e R Title Insurance Policy cember. Contl Can (n).. 547 7 4 3 i The regular dividend will be paid on | Cont Insurid) gad AL 0% 169 Lamn S S rulte Whiys Oversn l:“ issued by the the last of the month, as usual. These | Contl Mot(80c). 154 eLEBYe ik - Willys-Ovd pf 7 two dividends will make 4 per cent for | C-rn 1'T0(13 1) e [MRvDanR % s 61U HoMman(4) Willya Ov (ris) g New York Stock and CAPITOL TITLE AND the quarter, and will be paid to all| Coty. Inc (t2%) 674 E U S Alcohol (5)... Wilson & Co 113 Gred Alllance I atockholders' of record of the bank on | CrucibleStiin . gov, (FTYERIT RN o US e o Wilson Co pf A (OB gurte Bond Averages. GUARANTEE COMPAN e CnbaCaneSugar g s . E st Steamship _ the 17th. ubaCaneSug: Mengel Co. . ... US Realty(4) Wilson & Co pf. Pk 225 Gi SATURDAY. DECEMBER 8. Underwritten by the Woolworth(5). . Worthn Pump. . 20074 The board also granted a bonus toi(uba CaneSu pf 3 40 40 e MetroG pf(1.89) all officers and employes of the bank | Cuba Comp IPLNOG: Ly Mexicuan Sea U S Rubber U S Rub st pf.. STOCKS. NEW YORK TITLE & of 5 per cent on their salaries, Mr. C . Miamj Cop( 1) 3 NoRI U EE) 655 _SBu B / Doneldson stated tho bank had had a | Cuban Am Sty el Gnpi U RRmetoul Wright Aern(2). 2 208 215 1900 shares. MORTGAGE COMPANY prosperous year and thought it only | {udahy Pku(4) A hddle States. A Steel (1), . Wrigley (13%). 3 s NEW YORK fair that part of the earnings be dis- C::Ir:-lam(il‘/:b 6lln b1 61% 61w | \id Statesctr U 8 Steel pf(7). YalekTwne(1s). 6213 ¥ 8. T) < . tributed to the stockholders and em- SL% 6| vidland pfetiz) Ini Leaf Tob(3) 35 e Taray . There are 15 possible defects ployes. | Pavison Chem.. 55 B4 B4 |Mitler Rubber. . Univ Pipe & Rad 90 138.36. oo ordina-y title certificate— ebenhms(2.91) 38% 38% 38% | Mo Kan & Tex. . Uni Pipe pt(7).. Young Spring. . 45% only one may cause loss of Stock Offering Made Here. | Dei& Hud(9) .. 180% 180% 176 176 | \lo K&Tex pfe1) Ut PAL Ate2) Youngatn Sh(s) 964 Total bond sales ( investment or hnmz—yml‘nm': W. A. Harriman & Co. and Stroud,: Del L& W17). 1275 127% 127% 127% | Missour) Pacific hiaiie sl e 000, 2 N hat Title.” Kurtz & Co. offered today 100,000 shares | Den 12G Wn pf.. 36 56 56 66 | Mo Pacific pf(5) Vanadtum (14). “cash payinents hased on the Lo, of 8. R. Dresser Manufacturing Co.!Detroit £d(8).. 215 216 214 214 | iohwk Car 2% e et et uarierls or Beibvsarly deciarations Call or Write class A participating convertible Dre- | Detrait £4 (rts) 18% 184 18l 18% | Montamry W 15 VEIenITR KRUE) 1 Parily extra 3 Biuk % T Stote b B = ferred stock, at $48 per share. I Devoe A (13.20) 54 b4le 53 bL | ‘loon Motor.... VACaroCham. . 33 in preferrea stock % Plus 1/25 In stock. Capitol Title and The annual meeting of the stock-| Dodye Bros A 25 25 23 23 | MotherL (40¢). Vir-CarCh pf(6) a Paid this vear—no tegular rate. b P e ind od p holders of the Potomac Savings Bank fidse Bros pf 7. 106% 108% 106% 10614 | Motion Pie Corp VivRusonea; ot [ B L net ‘gain. .1 b s suarantee Company ¥l take ploce next Tuesay and the Doms Minescly. B 9 B B! Motor Meter A, 3 Wabash. .. fock” 1" i o I S e S N 1425 Eye St. N.W. election of officers for the coming year Drug | % 1B A1 be 112% Motor Prodi2).. 164% 164% 157 157 ° Wabash pf A(5). n stock. b b ‘ombined 2 (0ot Rt A on the following day. It will be the DulS O A U% Motor Whic12% 574 3Ts 36% 36! \Waldorf(l'g)... stdck, TERs L1 A sy (B SIRDuer ANl o' e pebils o Phone Franklin 3900 Diited Glear Stores common stock. b Plus 170 Waldort . " i K twenty-sixth meeting of the kind, u“,.n-un-uy.' 8- 85 83 MulbncMfe... T8 T T T Waiworrhid 20)