Evening Star Newspaper, December 11, 1928, Page 14

FINANCIAL.: I WILL SELL $24,000 Investment Bldg. 1st 6%%, 1938 @ To1. = Ist 6%, 1939 @ 96. Bank ‘@ 450. Estate Mort, Mortgage & Dis- ., it @ 66, ternatio; PBank 114 il . .52 (‘nll‘l;l. Insurante “new” @ 20, 12 Our Home Life Ins. Bid. 10 V; Products @ 23'%. s Press Club pid @ 65. = THOMAS L. HUME %0 Yincon N Units. Real Wi 157th Dividend S Tue resular quarterly }) dividend of Two Dollars and Twenty-Five Cents ($2.25) per share will be Efld on January. 15, 1929, to stock- olders of record at the close of busi- ness on December 20, 1928, Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and n Rates 643 Louisiana Ave. N.W. Let us have your applications “LOANS ON REAL ESTATE Immediate Action Courteous Tréatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W First and Second Trust Money Available On Homu; Apartments and Business Properties Prevailing Interest Rates Moderate Charges No Appraisal Fees District National | Securities Corporation | Main 2994. 1406'G St. N.W. Ist & 2nd TRUST MONEY On homes, apartment buildings and business eal Estate Mortgage & Guaranty Corp. 24 Jackson Place Main 1403 I On Improved Property in Maryland and District of Columbia 6% Interest No Commission Charges WEAVER BRO REALTORS 809 15th Street NW. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance TRIBUTE PAID HIBBS: BY D. C. EXCHANGE Type Stocks Lead Active Trading—Savings Bank Declares Dividend. BY EDWARD C. STONE. “Billy” Hibbs, many times president of the Washington Stock Exchange, member of the New York Stock Ex- change and head of the house of Hibbs, was presented with a huge bouguet of flowers by his as- sociates on his ex- change today on the occasion of his sixty-fourth birth- day. The plans had been kept very quiet, and the vet- eran broker was taken by complete surprise, even though this event has not been over- looked for several ars. Mr. Hibbs ex- pressed. his deep appreciation of the ywiniam B. Hibbs. spirit prompting the gift. He is one of the most regu- lar attendants at all the exchange ses- sions and one of the largest traders. A gession without some of his rapid-fire Dbidding would be rather tame. His long financial career. is too well known to be repeated here. In connec- tion with his ancestry it is interesting to note that his paternal grandfather came to this couniry from England 100 years ago, and “Who's Who in Finance’ says his father was the first child of English parents born in Washington. Mr. Hibbs, however, is a native of Vir- ginia. Heavy Trading on Exchange. Trading on the Exchange was heavy today, vlgt.h broad interest in Mergen- thaler and Lanston. Mergenthaler eased off a bit, opening at 105 and closing at 104%, on & 70-share turn- over. Lanston moved at 118 and 1182, les reaching 45 shares. SaWuhlngmn Gas, which commanded so much attention last week, figured in but one sale today, five shares at 99%. Railway & Electric preferred moved at 993, 50 shares of Capital Traction changed hands at 107%, and Potomac Electric Power 5%, per cent preferred sold at 108% and 108%. The 6 per cent issue registered 112. Ten shares of Riggs National Bank stock changed hands at 549. Tradi in Riggs Bank warrants ended yester- day and this issue has been taken off the board. The_ final details in the merger with the Parmers & Mechanics National will be completed in a very few days. In yt!he misee{um&oussmust m(dny Merchants' Transfer age prefer- red sold at 1081z, District National Securities preferred at 101% and Barber & Ross at 21. Chestnut Farms Dairy pre- ferred aame out at 106 and 40 shares of National Mortgage & Investment preferred moved at 5%. There were 10 transactions in bonds around recent Jevels. In the unlisted department 50 shares of East Washington Savings Bank stock sold at 40. Savings Bank Declares Dividend. The directors of the Chevy Chase Savings Bank have declared the semi- annual dividend of 2 per cent. The disbursement is payable December 31 to stockholders of record on December 20. Dr. Frederick E. Garrington, the president, announced that the past six months had been unusually successful from a business standpoint. Stockholders Elect Directors. ‘The annual meeting of the stock- holders of the Potomac Savings Bank, in Georgetown, is taking place this afterncon in Alexandria, as the bank holds a Virginia charter. No changes were e d in .the present director- ate, w] is as follows: William P. Ames, William ‘W. HA‘ndemn, Alphonse colm W. Morgan, George W. M. Willson Offutt, Henry W. Dr. Anthony M. Ray, C. Wendel Shoe- maker, J. William Stohlman, Henry A. Storm and J. Clinton Tribby. Fewer Failures; Lower Liabilities. In the fifth reserve district sommer- cial failures in October, 1928, numbered 106, compared with 119 in September et e aggregal for October totaled $1,633,885, a lower amount than either the $2,700,752 re- ported for September, 1928, or $1,761,- 672 for October, 1927. The fifth district record for October is therefore contrary to the seasonal and the national trend, both the number of failures and the total of labilities involved being less than in September. Employment conditions, according to the Richmond Reserve Bank, appear to be distinctly better than they were at this time ‘last year or earlier in 1928. Industrial plants are generally operat- ing at or near full time in the fifth district, building construction is more active than in the Fall of 1927 and coal mines are sef busy. $125,000,000 in Airplane Issues. ‘The end of the year will see approxi- mately 10,000,000 miles in the flying schedules of the air services in the United States, it is declared in an article Company It’s Time to Talk Prosperity On every hand one sees evi- dence to support the belief that we're on the threshold of America’s greatest era of prosperity. What better time than now to confidently invest your surplus funds in our 6% First Trust Notes se- cured by modern owner- occupied Maryland homes? A descriptive booklet with full information is yours for the asking. in the current issue of the American Bankers' Association Journal. “Air transport has assumed the size and responsibility of big business and big business is becoming intereste the article says. “Combinations of capital in America are already formi themselves into groups in air t; similar to the railway groups long ex- tant in transcontinental transportation. “Investment of capital amounting to at least $125,000,000 in the construc- tion and operation of commercial air planes and the entrance of all the great railway systems into the air transport business in some manner or degree keeps pace with further general develop- ments in better service to the the public and increased business for the Govern- ment and carriers. “At the close of the last fiscal year there were 26 air way operating con- cerns operating 36 routes aggregating 15,869 miles, and 31,240 miles were flown daily. ‘Wide Interest in A. I. B. Forum. Such wide interest is being mani- fested in the first forum dinner of the season under the direction of Washing- ton Chapter, American Institute of Banking, at the Raleigh tomorrow eve- ning, that an unusually large attend- ance is assured. Frederick H. Cox, who is the commit- tee member in charge of reservations, was most optimistic today over the out- look. As already stated, the guest speaker will be, Dr. Stephen I. Miller, formerly education director of the in- stitute and now connected with the National Association of Credit Men. Mr. Miller will talk on “Credit,” a most_important subject to all bankers, I J. Roberts will preside. Underwriters to Hear Wells. F. L. Wells, general agent for Mary- land of the Aetna Life Insurance Co., Abitibl Pow (4). Aoftibt Po pf(6) Abrahm&Straus 104% 104% 104% Aor&Strasi %pf. 111% 111 111% Adams Exp(6).. 370 385 365 Adv Rumley.... Adv Rumley pf. Ahumada Lead.. Air Redctn (13). Ajax Rubber.... 9 Alaska Junea... Albany Papre2). Allied Chem. . Aliled Cm pf(7). 123% 123% Allis-Chalm(7). 158 Amal Leather. .. Amerada(2) Am Agricul Chm 20% 20% Am Bank N(13). 125 Am Beet Sugar. Am Bosch...... Am Br Sh(J1.60) AmBShoe pf(7). 121 Am Brown Bov. Am Brown Bo pf Am Can (14) AmCar&Fdy Am Chain pf(7 Am Chicle (2). Am Drug (60c). Am EncauTil3) Am Express(6). 270 Am & For Pow. . Am&FoPo pf(6) 100 100 Am&ForP pf(7) 107% 107% Amé&For P 2d 7. Am Hide & Lea. 9 Am Hide & L pf, Am Home Pr(3) Am lce(t24%)... Am Internatl(2) 116 Am LaFr&Foam 8 Am Locomot(8). Am Loco pf(7).. 118 Am M&Fpf ew 7. 111 Am Metals:3,. Am Nat Gaspf7 96% 97 Am Plano. ..., Am P &L (., Am Po&Lt pfA. 2 2 AmPo&Lt pt(6)s 102% 102% Am Pow pf(sta) 83 Am Radiator(5) 175 Am Ry Ex¢6)... 136 Am Republi, Am Saf Raz(rd) 6 674 Am Seating(3).. Am Ship & Com. Am Smelting($) 263 Am S & R pf(7). 137 Am Stl Fdys(3). Am Stl Fy pf(7) 111 Am Sugar...... Am Sumatra (3) Am Tel & Tel(9) 198% 193% Am Tobaceo(8). 174% 177 Am Tobac B(8). 174% 176% Am Tob pf(6)... 119% 119% AmWW&EI(cl). Autostrap Bald Loco pf(7). 116% Bulto & O(6).... 118 Balto & O pf(4). Bambgr pf(63%4). 108% Bang & Ar(3%). Barker Bros(2), Barnet Leather. Barnsdall A (2), Bayuk 1st pf(7). 105% Beacon Oil. ., 21 ge'?n-Nul 13, elding-Hemwy 13% Belg NR pf(16). 84% Best & Co(3).,.. Be‘hlehem Steel 803 Beth Steel pf(7) 122 Bloomingdale. 41 Blumnthl pf( Bon Ami A(4)., Booth Fisheries, 9 Borden Milk(6). 162% Boston & Maine. Briggs M{gFCo, British Empire. Brockwy Mot (4) Bklyn-Man(4).. Bklyn-Man pf(6} % BklynUnGas(5). 177% BrownShoe(23% ) Brunswick B(3) Brunswick Ter. . Bucyru Bucyrus cv(2%) Buft & Susq..... Burns Bros(B). gu;:u.‘?rol PIT) 104% uy erm(g2). Tt Bush Ter de(1). 108 1100 Bush Ter pf(7). Butte Cop & Zino Butte & Sup(2), Butterick Co. Byer & Co... By-Prod (13%). Calif Pack(4).,. Callahan Zinc. .. Calu & Ariz(17). 111% Calu & Hecla(4) CanDry (f43%). Can Paciflc(10). 229% Canon Mills 2.80 Case Threshg (6) 424% Cent Alloy:2).. Century Rib M., Cerro de Pas(5). 101 Certajn-teed Pro 28% 29 d,»| Certain-teed pf. Certo (14)...... Chandler-Clev. . Clandler-C] pf. . Ches & Ohio(10)_196 200 C&O Corpn(3).~ 78 7 10% Cluett-Peab(5). Coca-Cola(6)... 162% Collins & Alkmn 50 Col Fuel & Iron. Col Gas & E1(5). 125% Col G&E pfA(8) 106% Columbia Graph 67 Col Carbon(4). Com Cred(1).... Com Cristpf 6% 100 Com Cr pf B(2). Com Inv Tr(34). 118 Comm Solv (j8). 213% Com Power(13). Conde Nast(2).. Congoleum-Nair 25% Cong Cgrs (5).. 'THE EVENING STAR, - WASHINGTON, - Sales. High. Low. Close. 46% 47 34% 38 52% 3% 84% 84% 9% 8% 8% 23% 24% 229 230 158% 10% 104 37 384 16 8% 43 121% 13% 18% 49% 494 99% 100% 92 92 83% 83% 45% 45% 11% 11 81% 84% 270 65 67% 95% 95% 9 34 7 41 34 8% 41% 119% 8 9814 13 111 54% 98 53% 82!5 185 136 59 6% 85% 36% 3% 4 265 60 8115 5314 8215 54% 66% 674 Anaconda (4 ling | Andes Copr 7 Archer-Dan(3).. Arch-Dan pt(7). 114 Atmour Del pf 7 92 Armour 111(A).. Armour IlI(B).. 8 Armour 11l pf(7) 82% Arnold Con& Co 41% Artloom(3)..... Artloom pf(7).. 103 Art Metal(1%). AssoDryG(2%). Asso D G 1st(8). 100% Archison(10)... 195% Atch T&S Ferts . 2y Atchison pf(5).. 104 Atl Coast L(110) 168 Atl Galf & WI.. Atlantic Ref(1). Atlan Ref pf(7). 116% AtlasPowder(4) . 45% 101 16% 31% 304 8 44 56% 99% 104% 1% 6 59% 24% 4% 78 65 33% 25% 40% 33% 87k . 119 kil 88 46% 4 64% 67in 88! 44% Daoeas 46% 55 31 106 31 108y, 116% 8l 10% 41 173% 94 110% 116% 8% 10% 41% 176 4% 6 3% 41% 74 44% 39% 40% 19 19% 102% 80% 804 s 1% 20% 20% 35% 36l Chickasha(3) .40). Chile Copper(3). 103 6514 Y 162% * Bl 66% 106% 68 114% 51% 100% 27 126 219 97Y 107% 49% 27 93 5% 46 85 85% 854 34 62 8% 83% 8% 8l 22% 227% 128% 72 102 174% 174% 119% 66 104% 1 6 59% 23% 4“ 116% 116% 118% 117 78 1% 108% 108 65 64 88 44% 55 31 104% 75% 108% 116% 84 10% 41 170 937% 424% 39% 19 100% 28% 80% % 19% 35% 196 3 10% 16% 162% 106% 65% 107% 49% 100 27 17 218% 47 85% 104% 111% 385 38 b2% 3ty 841 9% 8% 24 Crucible StH(5). Crucible p£(¥).. CubaCaneSugar. Cuba Cane Su pf Cuba Company. . Cuba R R(4,80). Cuban Am 8t1), Cuban Dom Sug. Cudaby Pkz(4). 1 Curtiss Aerot1). Cutir-Ham(3%) Cuyamel Fruit.. Davison Cham. . | De Beers (a70). Deere&Co pf(7). Del & Hud(3)... Del L& W(7).. Detroit Ed(8). .. Detroit Ed (rts) Devoe A (13.20). Diamond M(19). Dome Minest1). Drug Inci4).... Dunhill Inti4).. Dupont (118% ). Open. High. Low. Close 82! 1 1 5% 17% 24 83 » 81% 84% 11 111 b% 5% 1% 1T% % 17 6% 64% Du Pont deb¢6). 1 Eastman(t8). Eaton Axlec2) Eisenlohr&Bro. Eitingoni2% . Eitingn pfi6%). 1 Elec Auto-Lt4% Electric Boat, .. Eleclow&Lt(1). Elec P&LL pf(7) EP&LDL 40% (1) Elec Stor Rat(5) Etk Horn pt.... Em Brantgm(A) End-John(5).... EBndicott pf(7).. Eng Pub Ser(1), Eng Pu S pf(5). Equit Bldg(2). KrieR R.. Brie ist pf. Erie 2d pt. Eureka Vitig)., Exchange(1%). Fairbanks(3)... FairbankMpf(7) FedLight(h1.40) Fed Light pf(6). Federal M.& Sm. Fed Min pft7) Fed MotT(f80c Fidelity-Phoenx Fifth Ave(6ic). First NatSc13%) Fisk Rubber Fisk Rub 1s Fieischmann(3). Florsheim (A).. Florsheim pf(6) Folanshee (2).. Foundation Co. . Fox Film A(4).. Freeport (16%). Gabriel Snub A.. Gardner Motor. . Gen Am Tnk(4). Gen Cable At4). Gen Cigars(4). , GenCigars pf(7) Gen Elec(15)... GenElec sp( B0c) Gep GasA(61%) . Gen Gas pt'A(7) Gen fce Crni(3) 9 11% 85 470 4 118% 180% 118'% 182% Gen Mills (3).,.. ‘w Gen Mills pt ( Gen Motors 9% Gen Mot (New) . Gen Mot pfi7).. GenOutdrAdi2). Gen Qutdr Ad(4) Gen Ry Sig(5).. Gen Refrac(3).. Gillette 8 R(c5). Gimbel Bros.... Gimbl Br pf(7).. Glidden (1%).. Glidden pr pf(7) Gobel (Adalgh). Gold Duat (5)... Goodrich4) Goodyear Tire. Gotham(32%).. Gotham n v $2% Gothm pf exwar. Graham-Paige. . Grhm-Paige cfs. Granby.Min(é). Grand F&W (1). Grand Unon, . Grt Wn Supf(7) Greene Cana(8) Guantanamo Su. Gulf Mo'& Nor Gulf Stat Sti4). Hacknsk W(1%) Hack pf A(1%). Hanna 1st pt..,. Hartmn B(1.20). HawanPinap 12. Hershey Corp. .. Hershey pfi4) Hershey pr-pf(8) Hoe & Co A.,... Hollnd Fur 12% Hollander & Son Homestake(17). Household t4 Hofiston Of Howe Sound Hud Man(2%).. Hudson Mot(5). Hupp Mot(f2).. Illinois Cen(7).. Ind O & Gas (2). Ind Of1&Gas rts. Indian-Mot (1).. Indian Refining. Indian Refg cifs Indust Rayon. .. Ingersoll-R(16). Inland STk16% ). Inspiration((3). InterboroRapTr. InterconRubber. Internat Agri... Int Ag Ch pf(7). Intl Bus Ma (c3) Int Cement(4) lat Com Engi2 Int Harv({8). Int Mteh pf 3.20. Int Mer Marine. Int Mer Mar pt.. Int Ntckel (8).. . Int Nickl ofa(3) IntPaper (A).. Inter Paper B, Inter Paper Int Paper pf(7). Int Prtg Ink 2 Int Tel & Tel(6). Interstate D §.. Intr Dep S pf1.. Jewel Tea (15).. 3 Johns-Manv(3 Kan City South. Kan C Sopf(4).. Kaufmn DS 14%. Kayser J(5) Keith-Albee. ... Keith-Al pf(7).. Kelly-Spring... Kelly Tire §%pf. Kels Hayes(2).. Keis Whpf(7). . Keélvinator Corp Kennecott (8). .. Kraft (rights).. Kresge(11.60) Kresge Dept S. . Kress SH(h1%) Kreuger & Toll. Kroger Groicl). Kroger (rights). LagoOfl.eu.oass Lambert (16%). 7 R 3 Loose-W(1.60)7. Lortitard Co.... Loujstana Oil La Ol pr(6%). . Lowms GasA 1.75 Louls & Nash(7) Ludlum 8tl(2),. McAndrews 2.60 McCall Corp(3). McCrory B(2).. McKeespt Tin Pl McKes&Ro 1.60. McKsn pf A 3% Mack Truck(6) Magma Cop(3) Mallison & Co. Man'Elec Suply. Man El Bup rts. Man E| m2g(ds) Man Shirt2)... Maracatbo Off... Market Street. .. Marlan Oil...... Marlin-R(73%). Martin-Parry Muthiesont6) May Dept S(4).. Maytag (12). Maytag pf3) Maytag 1st pf(6 Melvitle Shoe(1) Mengel Co. .,... MetroG pf(1.89) Mexican Seab. .. Mtami Copt1). Mid-Continent.. Middje States. .. Mid States ctrs. Midland pf(t12) Mtiller Rubber. .. Minn & St Louls Mo Kan & Tex. . Mo K&Tex pft7) Missour) Pacific Mo Pacific pf¢5) Mohwk Car2%. Montemry W +5 Mont Ward(rts) Moon Motor ..., Mother L (40¢) . Motion Pic Corp. Motor Meter A, Motor Prod(2).. Motor Whi(121, Mullins Mfg. ... Mullins pr (n) 7 Murray Corp. ... Murray Corp rts Nash Motrs(16). Nash & Chat(7). Nat Acmetsta).. Nat Bellas Hess. Natl Riscuit(17) Nat Cash RA(3) Nat Dairy (13). Nat Dept Stores. Nat D St 1st(7). Nat Distillers. .. it Enamlg (1). Nat Leadib) Nat Lead pfA(7) Nat Ld pf B(6). at Pow&Li(1). Nat Radiator. . |'Nat Ry Mex %d.. Nat Supply (18). Nat Teutd)..... Nevada Cop.(2). N.Y Air Br(3).. N ¥ Central( Y L & StL(6) Y C StL pf(6). Y & Harlm(5) NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn. N ¥ Stm pf(6).. N Y Stm pfA(7). NorAm b10%stk North Am pf(3). NorAm Ed pf(7) No German Lioyd North Pact5)... Nor Pac cfs(8),. Norwalk Tire. .. Ofl Well Supply. N N N Otis Elevatr 18, Pacific Gas(2).. Pac Lightg (3).. Pa¢ O1: Stubs. .. Pac Tel & Tel(7) s | Pac Tel & Tel pf. 86 5% 140% 314 % 80 42% 43% Packard M t6%. Pan-Am Petrolm Pan-Amer Pet B Pan-Am Wn B.. Panhandle. .. Paramount-F-L Park & Til1(13).. Park Utah(80¢). Pathe Ex.. Pathe Ex(A Patino M(2. Peerless Moto: Penick & Ford Penn C&Cok: Penn Dixie Cm! Pem RR(3%). Pere M prior(5) Phila&RC&!1 Phil Morris(1). Phillips Pet (2, Plerce-Arrow. Pierce Oll Pierce Ofl pf. Plerce Petrolm. . Pilisbury (12,109 Pillsbry pf(64%) Pitts Coal Pitts Coal pf. 1 * 58 Open. High_ 63% 26% 26% 144 14% 90% 90% 37% 141% 6% 0 26% PIttsFtW pf(1). 152% Pitts Term Coal. Pitts&WVa(6).. Por RicoToA (7). PortoRIcoTobB. Postum(3)..... Pressed St] Car Produ & Refinrs, Producers&R pf. Pub Serv NJ (2). Pub Serv pf(6).. Pub 8 NJ pf(8). 11+ | Pub SE&G pf(6) 11 14% 4% Pullman Co(4).. 817 81% | Punta Aleg Sug. 1494 150 8! Purq Ol (1), ... Pure Ol pf(8).. Purity Bak(3). . Purity Bak(rts) RadfoCorp..... % | RadioCo pf(3%) Radjo-Keith(A) ReadingRy(4).. Rel ) Reis 18t p£(7)... Remingtn-Rand. Reo Mot (11%). Repl&S(4). Reynolds Spng: Rey Tob A(5). .. ReynidsTobB(5) RhineWE(1,92). Richti¢ld O11(3). Rossla Ins(5)... Royal DD(a3,222). Royal Duteh rts. St Jos Leaau13). StL & SanF({8). StL&SanF pL(6) 8 uthwest. Savage Arms(2) Schulte (i3%) Seab Alr Line, Seab Alr L pf... Sears-Roe(12%) eneca Copper. . 30 hattuck FG(2). S Shell Un(1:40) Shell Un (rts) .. Snider Pkg pt. .. SoPoRIicS 1215 South Por pf(8). South Calif Ed, . % South Dalrfes A. South Dairles B. South Pac(6)... South Ry (8). 66 39 141% 81 49 3% 51 126% 64% 957 152% 152% 30 141% Lot 25% 14% 9% 37 141% 6% 49 Kes 50 125% 58 89 30 139 w 63% Close. 66 26% 14% 894 TUESDAY, .. DECEMBER. 11, 1928’ RECOVERY IN STOCK MARKET GONTINUES [Lower Money Rate Aids Operators for Rise—Steels and Motors Gain. BY GEORGE T. HUGHES. 3pecial Dispateh to The Star. NEW YORK, December 11.—On a much reduced turnover stocks made further recovery today. The inde- pendent steels, the independent motors and most of the coppers were among the leaders. Among the features were Bethlehem Steel, Packard Motor and Greene Cananea Copper. Money was at 7 per cent in the aft- ernoon and loans were negotiated in the outside market at concessions from the official rate. Belief was expressed in banking circles that money would be higher next week. The’ market opened higher all around. For two hcurs it held strong. Packard was the leader of the automobile sec- tion, running up 5 to 6 points. In speculative circles Packard is regarded as an airplane as well as a motor stock, and estimates of earnings are being re- vised upward. Bethlehem Steel stood out in _its group, crossing 81 to a new high on the movement, still to the accompani- ment of reports of dividend action early next year, possibly at a $5 rate. Beth- lehem Steel acted well all during the break and so made friends for itself. Greene Cananea had the largest ad- vance among the coppers. Above 150 it was up nearly 6 points. This is one of the “fast movers” normally. Both Kennecott and Anaconda were actively bought during the early period of strength. There is no denying that the outlook for the copper producers is bright. There is, however, a large outside speculative interest in these stoclks which weakens their technical position and makes them sensative to selling. There were several strong features in the utility list. Consolidated Gas ran up to $160 a share. While nothing spectacular was attempted, there were evidences of confident buying in this issue. Columbia Gas jumped over 4 points, as it sold above 128, and Amer- ican Telephone and Telegraph made a similar gain. The high-priced stocks fluctuated in their usual erratic fashion. Du_ Pont was up u;vm:le unwmi‘s points. Mnn‘t& gomery Ward, opening higher, sol over 10 points from the preceding close. Wright Aeronautical was up in the first hour and then lost all of the gain and more. Radio moved more sedately—that is, for that stock. It was higher in the early trading. Open. High. Low Close StdPGlasspf.. 16% 16% StdSanPro(1.6 Stantey Co. Stewart-W. Strom Car(2). Studetaker(5).. Submarine Boat. Sun Ofl (g1).... Superior O1l Superior Ste Sweets of Amer. Symington...... Telautogh(80c).” Tenn Copper(1). Texas Corpn(3) Texas Corpn r TexasGulfSul(4) Texas & Paci(5). Tex Pac C & Oll. Tex Ld Tr(new) The Fair(2.40). . Thomp J R(3.60) Tidewater AsOll TidWASOIIDL(6) TidewatrO(80¢) Tide W Ofl pf(6) Timken R B(6). Tobac Prod (8) . Tobac Prod A(7) Transcont Oil. .. Trico Prod(2%) ‘Truscon Steel. .. Twin City RaTr, Twin City p£(7). Undwd-El F (4) Union Carb(6).. 1 Union Pac(10).. Un Pacifis pf(4) Utd Biscuit 1.60. Utd Cigar St(1 Utd Elec Coa. 36% 4 Utd E1 Coal( 10% 5% 2% 11% 32% 42 130% 524% 36 125 143% Utd Fruit(tsy Utd Paperboard. U S Cast Ir Pipe US CIP 1st 1.20 US CIP 2d 1.20.. U S Distributing U S Hoftman(4). U S Alcohol (5).... USIndAlcopf(7) U'S Leather.... US Leather A. . S Lea pr pf(7) S Realty(4).. S Rubber. S Rub 1st pf. SSmelt(3%). s s Y 125% 3 % Sm pf(3ig). Steel(7).... U S Steel pf(7). U S Tobacco(3). Unl Leaf Tob(3) Univ Pipe & Rad Utll P&L Ace2). Vanadium (14). Vick Chem(4)... Victor Talkg(4). Vietor pr pf(7).. Va-Caro Chem. . Vir-CarCh pf(6) Va-Car Ch p£(7) Vivaudou Co.... Vulean Detin. Vule Det p£(7).. Vulecan Detin(A) Vulcan pf A (7). 1564% 156% 141% 141% 99 99 T k&) 19% 40% 944 74 124 109 bt 40 90% 7 120% 109 17% 56 96 Wabash pf A( Waldorf(1%) Walworth (1. 78 78 108 111 38% 40% 151 151 27 28 80% 82% 98 98 107% 107% 104% 104% 99% 993 108% 109 108% 26% 40ty 32 57 183 447 123% 120% 22% 364 387 Warner-Qu(2). . Warrn Bros (15) Warren F&Pipe. Web & Heil..... Wesson Ofl (4) . Wes O&Sno pf7. W Penn E1 A(7). W Penn El pf(8) W Penn El pf(7) West P Po(6)... West Dairy B. .. West Maryland. West Pacific. ... West Pacific pf. . West Union(8).. Westhse A B(2). Westinghse(4). . Westhse 1st(4). Weston Electric. White Eagle(2). White Mot(1)... 107% 107% 104% 104% 99% 99% 108% 109 108% 108% 24% 25% 44 44 122% 123% 116 119 21% 22% 34% 35% 37T% 38% 34% 3T% WhitRek cfs(2). White Sew Mach Wilcox Qi1 & G.. Willys Ov(1.20). Willys-Ova pf 7. Willys Ov (rts). Wilson & Co. ... Wilson Co pf A, Wilson & Co pf. 72 Woolworth(5).. 205% 205% Worthn Pump.. 41% 43 Worth Pump(A) 81% 81% Worth Pump(B) 70 70 Wright Aero(2)., 219 221 Wrigley (13%). 75 75 Yellow Truck. Young Spring. 45 44% 19% 2015 991 ta 115 12 24% 24% 72 2 45% 44% 19% 294 104% % 44% 45% 43% 44% 19% 19% 28% 29% 99'% 104% L] 46% 47 FINANCIAL, CALL MONEY RATE AFFECTED BY HEAVY YEAR-END DEMANDS Special Dispateh to The Star. NEW YORK, December 11.—Al- though money renewed yesterday at 9 per cent, compared ‘with 10 per cent on Friday and there was only a mod- erate calling in of funds by the banks, compared with Thursday and Priday, there is no present indication that rates will react enough to help the speculative borrower, for there are enormous financial transactions to be effected this week and again in the last 10 days of December. The New York institutions which lend out the bulk of the call money for their correspondent banks through- out the country expressed themselves as well satisfied with the situation. They have been ultra-conservative in the prices which they have fixed on the fast moving stocks when put up as collateral and, although many of these declined last week from 25 to 50 points and a few 75 to 100 points, the slump did not disturb those who have been lending on call. It has been feared that some of the lenders who have been in the call money market for the first time might take fright under condi- tions similar to those of Friday and Saturday and call in their money. There was no indication of this yes- terday. ‘The amount of capital loaned in New York by foreign banks and corpora- tions is now estimated to be at the highest figure of the year and greatly increased by the advance in call loans last week from 7%, to 12 per cent. The lending by Canada, Great Britain, France, Switzer] Holland and Scandinavian countries s believed to be well above $1,000,000,000 and by some to be nearly half of the total loans “for account of others” which last week were $2,285,280,000. While the brokers’ loans of the New York banks and possibly the banks out- side of this city are likely to show a decrease this week, due to the break in stocks which has canceled more than the $3,500,000,000 appreciation in market values in November, doubt was expres- sed yesterday whether the outside lend- ers would be inclined to reduce their commitments so long as call money re- mained at its present figure, is in- cludes the loans by investment trusts, which are quite willing to accept the present rates for call money rather than enter the stock market even at the present depressed level. The effect of the decline in stocks in New York was a sharp break in in- dustrial shares on the Berlin Bourse, which was reported to be very weak yesterday in the high-priced German industrials with an anxious market also in London, where there has been a great deal of speculation in stocks that have an international following. Specula- tors all over Europe have been buying American stocks heavily since the elec- tion. They were among the heaviest sufferers from last week’s collapse. Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. Joseph 1. Weller 34723 F. B. KEECH & COMPANY Members New York Stock Exchange Washington Stock Exchange Chicago Stock Exchange New York Curb Market New. York Coffee and Sugar Exchange New York Rubber Exchange Chicago Board of Trade New York Cotton Exchange New Orleans Cotton Exchange Liverpool Cotton Exchange, Ltd. (Assoctate members) 1510 H STREET N.W., WASHINGTON, D. C. BRANCH OFFICE—CARLTON HOTEL (Mezzanine Floor) New York 52 Broadway Philadelphia The Ritz-Carlton Providence Grosvenor Building ; Chicago 231 So. La Salle St. Private Wires to Chicago New York Providence Richmond Philadelphia Cable “Keechco” CLARK,CHILDS & COMPANY 120 Broadway New York, N. Y. WASHINGTON OFFICE 1508 H STREET NORTHWEST Telephone Metropolitan ?g{ ings you can see. Notes. them of their proven ‘Telephone: Main 2345 No ward” A Third of a Century Without a Loss liberal We know offering greater safety with more NEW YORK STOCK EXCHANGE NEW YORK COTTON EXCHANGE NEW YORK COFFEE EXCHANGE NEW YORK CURB MARKET NEW YORK PRODUCE EXCHANGE BOSTON STOCK EXCHANGE CHICAGO BOARD OP TRADE CHICAGO STOCK EXCHANGE JAMES SLOAN, Jr., Manager Invest Carefully If You Would RealizeaMaximum Profit IT is an established fact that no pur- chaser of Shannon & Luchs First Mortgage Notes has ever lost a penny in either principal or interest. The Notes are secured by Improved Real Estate in the National Capital—ground you can walk on and homes and business -build- The annual yield is 6%-—the highest rate of interest compatible swith absolute safety. Thousands of Washingtonians have pur- chased Shannon & Luchs First Mortgage Thorough and intelligent investiga- tion of this form of investment has convinced <afety. SHANNON - & LUCHS First Mongage Tnvestments 1435 K Street, Nqnhwu.! DEPENDABLE INCOME matter how willing to speculate, most every one wahts to cast an ‘“‘anchor to the wind- for dependable income.. of no investment return than our 6% FIRST MORTGAGES They fix income at a definite amount, payable with certainty on definite dates. will be ‘the speaker at the December ! meeting of the District of Columbia Life | Undervriters’ Association, which meets i Thursday noon at the Arlington Hotel. Mr. Wells has been most successful in incurance work and will talk on the | problem of increasing production. President A. L. Baldwin also an- nounces that the Community Chest plan will also be bricfly described. SILVER QUOTATIONS. NEW YORK, December 11 ().—Bar tsilver, 57%; Mexican dollars, 43%3. 98y | Youngstn Sh(5). 98% 104 130 Hourly Sales on N. ¥. Markes. 53% | 10:30 am.. 649,600 12 m...1,802.700 1:30 p.m. 2,649,100 2:15 p.m2,985,100 In amounts from $250 up B. F. SAUL CO. " Main 2100 925 15th St. N.W, D! ConRRCuba pf Consol Textile. . Contafner A 1.20 Container B 60c. Cont Baking A.. Cont Baking B.. Cont Bak pf(8). Contl Can (n).. Cont Insur(6). .. Contl Mot(80c). Corn Pro(13%). 8 Corn Prod pf(7). 148 Coty, Inc (12%) 70 Crex Cirpes..o.. 26 SouRyM&O cfs 4 Spang Chalfat, . gpnnfic;‘ptfl). Spiegel Co (3).. are .':‘.2‘2".,..'..‘.‘."5.'.‘{‘"“..‘:.'..:"'...3' ‘on the Std Com To(f1). latest quarterly or All-veats declarations SG&E (33%). + pnis of trading icss uh shages, Std G & E pfi4). n Std Milling(5). . 4 | 8t Millg pf(s). 87 % | Std O of Cal(13) 143 143 Loew's pf(6%). StdONINJ(11%). 2% 69 Loft. Ve 9. Tl StdO{INY(1.60). 2 2% 26 1 9 ' Sid Plate Glass., “ Leh Por Cmt 2% Lehigh PC pf(7) LéhighVal(3%). Lehn & Fink(3) LifeSav(1.60).. Lig Myers(t5).. Lig & Myrs B 15 Lig & M pf(7).. Lima Locomtve. Lig Loe: 7 4% 22 10% 89% 55% 86 16% Kinney pf(§ gm Kolster Radio. .. 3 i 38% Kraft Pho(13%4). 54 : 35% Kraft-Phos (n’ 5 118 Lee Tire & Rub. South Ry pe(5). A 4 16% rb (t4%). 105% 108% 105% Inc (13). 6 6 0% 52% 38% % 923 15th St. N.W. THERE 1S NO SUBSTITUTE FOR SAFETY % 4% e