Evening Star Newspaper, December 16, 1928, Page 53

* PRICE DIMENSIONS OF MARKET SHRINK Stocks Make Partial Recov- ery After Violent Break Last Week. By CHARLES F. SPEARE. Bpecial Dispatch to The Star. NEW YORK, December 15—The trading proportions of the market this week have contracted 30 per cent, compared with those while liquidation of stocks was in progress the week previous, The price dimensions of the market are also smaller. With an average decline of over 20 points from the high of November 30 facing it on Monday morning, the market had recovered about 40 per cent of this by Wednesday noon. To- day it was 6 to 7 points higher than last Saturday. buf over a dozen points on the average lower than two weeks ago. It has, therefore, acted as most markets do act after they have been swept by a cyclone of selling. This results in readjustments both ways. Crippled accounts that were carried through the storm have to be bolstered up by seiling the strongest units in order to protect the weakest ones. Those who have been waiting for op- portunities such as was given in the recent break become active instead of passive and absorb large quantities of standard securities. This is one of the backlogs of every unsettled market. Short Interest Smaller. Another effective medium which prices are sustained is the short interest, which was probably smaller in this instance than ordinarily, for those who have sold stocks in the 1#:t six months have been badly scalped from time to time. The secondary reaction that comes after the first re- covery is usually due to the realizing profits on stocks bought when they were on a bargain basis and the re- sumption of short selling, if the mar- ket shows signs of hesitation and transactions diminish on the rally. As it was primarily the unstable tech- nical position of the market that caused it to collapse with such suddenness, rather than any new unfavorable de- velopments, the influences surrounding it this week have been chiefly of an in- ternal character. It is true that call money rates are easier. Renewals Fri- day, which carry over until Monday, were 7 per cent, compared with 9 and 10 per cent a week ago. After four months of continuous advances in brokers’ loans, with an increase between July 25 and December 5 of $1,161,000,- 000, a decrease of about $219,000,000 has taken place and is likely to be ex- tended before the end of December. On the other hand, time money rates are quoted at the highest of the year, and Friday bank acceptances were ad- vanced and now stand nearly at a par- ity with the Federal reserve discount yate. The reserve ratio of the member banks of the system is at the lowest in 715 years, though still sufficiently above the danger zone to give protection to all legitimate money requirements. ‘Market May “Settle Down.” It would be unusual if the market, considering the season of the year and the approaching period of business re- adjustments, did not settle down, and instead of being the playground of the speculative public, become & 75 per cent trading or professional proposition. While the average loss this month and the size of the decline in individual stocks has been greater than in June, the shrinkage in percentages is not so Jarge as it was then, for both averages and specific prices started from their maximum level in the second break. For instance, Montgomery Ward at the end of May was $150 a share. By the end of November it had been as e R S FINANCIAL through | High, 10214 100 28 10330 102 28 10412 103 13 100 8 110 5 103 2 116 High. 100% 101% 97% 98% 95 106 101% 100 925 114% 111 110% 107% 100% 93% 96 89 108'% 104 109% 104 10214 100% [ 30m 24 964% 110 1054 105% 103% 105% 102% 105% 102% 1071 99% 116% 105 11091 105 | 96 96 99% 92% 102 987 4% 21 94 8 108% 105% 102% 98 97 8Ti | ot 91% | 104% 98'% | 101 934 10815 104 1116 111 126% 106'% 106% 1024 94 oW, 9% 104% 9734 107 (105 {102% 97 {105~ 103% 106% 102% 99% 94% 107% 103%s 9Tk 92% 105 9T 10315 100% 106 104% 100 98% 107 95 1067 103% 116% 106% 218'2 103% 934 88% 96 86% 103t% 100% 106% 96% 107 102% 102% 981k 105'% 101 964 92% 86% 76 102 95% 109% 107% 96 82% 108 102% 104 94 108% 104% 103 101% 105% 103% 95% 92 107% 95% 109% 92% 106 103% 103% 99% 106% 102 109% 102% 102 9% 107% 103 117% 114% 102% 98% 110 107% 103 100 104% 9% 106% 101% 106% 102 98% 98 9% 96 102% 7% 101 99% 104'% 101% 96% 88 106% 103 109% 106% 102% 97% high as $440 a share. Radio Corpora- tion was $215 in the earlier period. Its decline last week began at a price 100 per cent higher than this. American Smelting & Refin meanwhile had advanced nearly 100 points, General Motors 35, General Electric 45, Kenne- | cott 114 11%% 102% £7% 101% 101 | o8t 92w 98% 99 93 Low. 1927 —— Lo - High., 101 26 103 15 100 104 1009 9920 98 103 10 98 9 116 Tiherty 4th 414 s 1933.38. Argentine. June 5s 1959 . Argentina fis A-1967. .ee % Australia 58 1955. Austria 78 1943. “ Bank of Chile 614 Baigium 63 1956. . Belgium 714s 1945. Beigium 88 1941 Bordeanx 63 1934 Brazil 6%s 1926-57 Brazil 85 1941 Canada 68 1952...... Canada 5%8s 1929 Chinese Govt Ry 58 1951, Copenhagen 55 1952..... Czechoslovakla 85 1961 Denmark 6s 1942... Dutch East Indies 6 . Dutch East Indles 6s 1963 French Govern! t 781949, French Govt 7%s 1941. German 7s 1949 4 Irish Free State s '60. Italy 78 1961... Japanese 6%s 1954. . 4 Mexico 4s asst small 1904 Milan 6%s 1952 Netherlands 6s 1! Norway 5%s... Paris-Lyon Med 6s 195/ % Peru 6s 1960 Peruls... . Poland 8s 1950, Queensland 6s 1947 Queensland Rhinelbe 7 Rlo de Janel Rome 6%s 62, Sao Paulo Stats Seine Dept of, 7s. Serbs, Croats. Slovenes Sweden 6s 193 Swiss 518 194 Toho Elec Pwr 7s 1955. Utd Kingdom 5%s 1937 Yokohama s #1 INDUSTRIAL AND MISCELI U Atner Agri Chemical 748 1941 Amer Smelt & Ref 1st 58 1947.... Amer Sugar Refining 6s 1937 Amer Tel & Tel cl tr 481929, American Tel & Tel s £ 58 Amer Writing Paper 6s (1947) Anaconda Copper 6s 1963. . Anaconda Copper ev deb 7s 193! Andes Copper 7s 1943 4 Armour & Co 4%s 1989, Armour of Del 5%s43... Atlantio Refining deb 5s 1937 Barnsdall Corporation 6s 1940... Bell Tel (Pa) ref 68 1948. Bethlehem Steel p m 5s 19! Rethlehem Steel = £ 65 1948, . Chile Copper 5s (1947 Cons Coai (Md) 18! 0,00 4 Cuba Cane Sug cv deb 8s 1930. Detrolt Edison ref 63 1940 Dodge 6s 1940.. aeeee Eastern Cuban Sug 7%s 1937 General Motors 6s 1937 Goodrich (B F) 618 1947 Humble O] & Ref 5%s 193; Indlana Steel 5s 1952.... International Match 5s 19 Inter Mer Marine 6s 1941.. Inter Paper 63 A 1947 International Tel and Tel 4%s. Kayser Julius 5%s 1947... Kelly-Springtield 8s 1931.. Laclede 5%s. Lackawanna Steel 5= 1950..4440¢ Liggett & Myers s 1951. Mid 1031 94% 1017 1017 98 103 94 101 N Y Tel 68 1941, Northern States Power 5s. Paclfic Gas & Elec 6s 1942 Pacific Tel & Tel 65 1953, Pan-American 6s 34 Philadelphia Compa Postal Teleg & Cable 5= (19 Public Service 4145 1948. Sinclair Of! 65 1930. Rinclair O11 78 1937, Stnelair Crude Oil 515s 1938 Srandard Ofl N J bs.. . .es Transcontinental Ofl 6%s '38. . United Drug 5s 1953. . Les U S Rubber 1st & ref 55 1947, U S Rubber 7%s 1930 U S Steel s f 53 1963 Utah Power & Light 63 Western Union Tel 6 % Wilson & Co 1at 68 1941 Youngstown Steel 5= 1978 RAILROAD. Atchison T & S Fe gen 48 1991 Atlantic Coast Line 18t 48 19 Balto & O 1st 201d 4 19 Balto & Ohloav 4 %8s 1933 967 33) 10015 10014 uS8ly 1044 101% 10 99% 100 28 100 15 98 24 .98 12 99 11129 111 8 Trev. weok's 98 25 High, 100 99 104% 95% 104'% 101 Last. Yield. 99 18 100 8 10717 Last. 100'% 1005 454 | 10214 97 100% 1178 1091 99% | Low. i | desirable stock, 95 1041 100 105% 9914 106 856'% 105% 170% 205 s2% ©O%, 100'% 129% 104 10014 103% 99 76 107% 102 94 102% 106% 101'% Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., December 15.— Turkeys. both live and dressed, will be the principal attraction for the Christ- mas trade and large shipments are ad- visable, beginning Monday and continu- ing until Saturday, but no poult: live or dressed, should be shipped to arrive here Monday, December 24, as there will | bs little or no demand with the large { buyers off the market that i ok ther i3 favorable dressed poultry Should be shipped scalded stock, head and feet on, which is preferred on this market. Only choice fat birds should b2 killed and particular attention paid to see that all ammal heat Is out of the body before shipping. Should the pres- ent warm weather continue next weei shipments of live instead of dres poultry advisable. Receipts of live poultry, especially turkeys, have been too liberal the past week and under only a fair demand the market slumped and values show a de- cline of from 2 to 4 cents a pound on while other fow] has to The holida s discoun be sold at sharp dis Rl demand, however, will ! next week and the market will no donbt assume a firmer tone and values advance. The market closed toda 38 cents a pound for young hen turkeys, 35836 for young gobblers and old hens and 32a33 for old toms, while poor and crooked bre: are slow at Spring chickens show & decline of 3 cents a_pound, medium to large, fat Stock selling 26a28, and Leghorns, 24a 25, but all poor, thin stock is negl at'20. Demand for old hens limited and the market i5 easy at 20a27 for stock weighing 316 pounds and over, but Leg- horns will not bring over 20, \\'hflehall poor, thin hens as well as old roosiers are slow sale at 17a18. Ducks and geese in too liberal receipt for the de mand, which is not nctive, but if th price of turkeys is high n the will sell to advantage. Young ducks, 4 pounds and over, are bringing 22 to 25, but smaller stock will not brin sell mostly to 25, with Kent Islands bringing top pric Market for guinea fowl and pigeons holding steady at 40 to 80 each for the former and 30 a pair for both young and old of the latter. Receipts of dressed poultry have been light the past week, but more than ample for the demand, and with the exception of choice to fancy turkeys will not bring any more dressed than live. Egg Receipts Liberal. Recelpts of eggs have been too liberal the past week, being greatly in excess of trade wants, and as a result the market slumped with a sharp break in prices, values declining as high as 7 cents’ a dozen- from opening prices Monday. Under a generally light de- mand the market closed easy today at 43 cents a dozen for selected whites in free cases, 40 cents for firsts and 38 cents for current receipts. The majority of the arrivals from nearby points can only be termed current re- ceipts, being mixed with held stale eggs and when put under the candle show conslderable loss, grading only averaging current receipts. To bring top prices all eggs must be strictly fresh laid, carefully graded and small pullet eggs should not be mixed in as they have to_be sold at a discount. Receipts of white potatoes from all sections continue light and the market holds steady and prices have advanced to 1.10 to 1.25 per 100-pounds for well graded ground stock and 90 to 1.10 over 18 to 20, while gees2 | D. C. DECEMBER 6. 1928—PART 2. for McCormicks and Reds, but inferior lots showing mud cake or ungraded are not desirable and have to be sold at sharp discounts. Sweet potatoes and yams in only moderate receipt, espe- clally of choice to fancy stock, and al- though the demand 'is limited the market holds firm and values a shade | higher. Sweet potatoes from Virginia sections would bring better prices if they were clean and dry, as all offer- ings must grade No. 1 to bring top| values and all small inferior No. 2 and cull stock is not wanted at any price. No. 1 sweets and yams are bringing 2,50 to 3.00 a barrel, but dark, mud- caked stock will not bring over 1.50 to | 1.75, while bushel baskets sell mostly 50 to 1.0. Demand for native and nearby garden truck continues good and the market holds steady at the following aotations: Beets, 4.00 and 5.00 100; brocoli, 50 to 75 bushel; car- rots, 4.00 and 5.00 100; kale, 50 to 65 bushel and 1.25 to 1.50 barrel: onions, 125 to 4.00 per 100 pounds; oyster | plants, 5.00 to 8.00 100: parsnips, 50 to | | 60 basket; savoy cabbage, 40 to 90 | bushel: spinach, 35 to 65 bushel, and turnips, 25 to 35 basket. Live Stock Prices. The live cattle market holds steady but quiet under a light demand which usual at this season of the year and takes first quality stock to brmg} outside values, all common to ordinary | cattle moving slow at inside prices, Re- ceipts light on the wharves and only fair at the stock yards. Shippers are arned it is unlawful to sell for kill- ing purposes pigs under 20 pounds, and shipment of this stock is not advisable. Quotations today at Light street wharf: Beef cattle, first quality, 1b. common to medium, 8all; as'to quality, 7a9; cc'vs, choice to , 8a9: common to falr, 5a7; oxen 6a8; calves, veal, choice, | e fat, 13a15; large rough, thin, 9a10; rough and common, Sheep—Choice, 5a6: old bucks lambs, choice, 12':a13; fair to common thin, 8a9. Hogs 15; Sows, 7a8; live pigs 10al1; shoats, 8a9. Closing Grain Quotations. Wheat—No. 2 red winter garlicky spot, 1.31%; December delivery, 1.31 Corn—No. 2 export, December delive; a: No. 2 yellow domestic spot, 98a99 cob corn, 4.7524.80 per bbl. Oats—No. 2 white domestic spot, 58a58'2; No. 3 white domestic spot, 56a57. Rye—Near- by, 1.10a1.20. 10a12 a8, FIND OLDEST WINDMILL. Belgian Province Holds Mill Built in 1180. MONS, Belgium (#).—The - oldest windmill in Europe has been discovered in the Belgian province of Hennegau. | It is known as the Mauvinage Mill and under this name has received a-classifi- cation by the Royal Society of Monu- ments. The mill stands near the hamlet of Silly and dates back to 1180, ranking with the famous Tournai Belfry. It was built atop a hill overlooking a quarry. As a result it threatens to collapse and a group of archeologists have asked the government to preserve this witness of bygone centuries. . So strictly was privacy enforced at a recent secret synod of Blackburn, Eng- land, clergy on the prayer book meas- ure that a clergyman who arrived late could not get in. THE YEAR 1928 TO DATE ON THE WASH INGTON STOCK EXCHANGE. (Reported by W. B. Hibbs & Co., Hibbs Building, Washington, D. C.) OCCURRING ON THE WASHINGTON STOCK EXCHANGE FOR 1028 UP TO AND INCLUDING FRIDAY, DECEMBER 14. BONDS. PUBLIC UTILITIES. Anacostia & Potomac River R. R. 1st 5s, 1049 Capital Traction 1st 5s 1947 . C. & P. Telephone 1st 5s, 1929 . C. & P. Telephone of Virginia 3s, 1t City & Suburban Ry 1st 55, 1948 . Georgetown Gas Light 1st Gs, 1061 Potomac Electric Power 1st 5s, 1929 Potomac Electric Power cons: 5s, 19: Potomgc Electric Power gen. s, 195 Wi hington, Alexandria & Mount Vernon ctfs. shington Gas Light gen. 5s, 1060 271,600 Washington Gas Light series A 6s, Approx sield to Open. High. Low. Close. maturity. 101 96 96% 5.30% 105 100% 103% 4.75% 101% 99% 9% 5.25% 104% 103'2 103'z 4.68% 100% 96 550% 105 103% 4.80% 101% 100 5% 104 101% 4.80% 109 108 2 2 . 106% 103% 1933 1062 105% 943 96 102 99% 101% 107 2 102 102 3 STOBKS FULTUATE N QUET TRADNG Struggle for Control of Price Movement Is Apparent on Exchange. By the Associated Press. NEW YORK, December 15.—Violent fluctuations in the high-priced special- ties again teatured the mixed price movement in today's stock market. The general list showed alternate periods of weakness and strength, reflecting, in some measure, the usual week end re- adjustment of speculative accounts and | the struggle of opposing speculative forces for control of the price move- ment. Trading was only modegate in volume, indicating an absence of any widespread public participation. Airplane shares were buoyant, Wright and Curtiss each soaring about 11 points. Despite reports that the Ra- dio Corporation-Victor Talking Machine merger was nearing completion, the stocks fluctuated in an erratic manner. advanced 2 points to 352, broke rallied to 348': and dropped Victor Talking Machine advanced 2 points-to 14415, slipped back to 137!, and then bobbed up and down Jjust above the 140 level. A. M. Beyers dropped from an early high of 19114 to 18415, and International Nickel dropped gr%m its record high price of 2587z to | 48. Groene Cananea Copper sold off nearly 4 points after yesterday's brisk advance, but scale buying was | noted in the other coppers on recur- rent rumors of a further advance in red metal prices within the next month. St. Joseph's Lead advanced 3! points to_a new high at 56. Pittsburgh Terminal Coal and Pitts- burgh Coal advanced 8 and 6’2 points, respectively, to new highs. Johns-Man- ville, Liquid Carbonic, Sears-Roebuck, Goodyear, American International and Warner Bros. Pictures were among the score or so_issues to sell down 2 to 3 points. United States Steel drop- ped to within a fraction of last week's low, but General Motors, which broke through last week’s low yesterday, re- ceived better support today. Establishment of tHe highest price in several years by Chicago Great West- ern preferred featured the trading in the railroad shares. CHINESE WIDOWS WIN RIGHT TO WED AGAIN Nationalist Government Frowns on Many Acts of Ancient Superstition. PEKING () —Young widows are being encouraged to marry again by the authorities. In the old days when the Son of Heaven sat on his dragon throne widows were rewarded for their vows of celibacy by seeing their names in stone tablets sanctioned by the Emperor. That is entirely too old fashioned to suit the young Chinese of today. Acts of filial piety verging on super- stition and foolishness, such as the cutting of a piece of cne’s own flesh for a medicinal concoction, in the hope of not earn the commendation of the Na- tionalist regime by any means, such practices being classed as unworthy of the people along with the ancient cus: tom by which young widows refused to remarry. Neither will the acts of girls declin- ing to marry after the death of their fiances be regarded as commendable virtues, all of which has been set forth in a draft of regulations governing awards and official commendation of meritorious services submitted to the Nationalist Government Council by the ministry of the interior. ST PR China recently adopted the metric system. curing the sickness of a parent, will | SINANCIAL™ LEAGUE JUDGES ACTS OF MANDATE POWERS GENEVA (#).—The administration of ‘Germany's former colonies now distrib- uted to various powers in the form of mandates is closely scrutinized by the Nations, which possesses the right of critieism. During a session just closed the an- nual reports of the mandatory Howers relating to Iraq, under British 'man- date; the Cameroops and Togoland, under British mandate; Western Samoa, under the mandate of New Zealand; Ruanda Urundi, under Bel- gian mandate, and the Pacific Islands, under Japanese mandate, were all ex- amined in the presence of the ac- credited representatives of the gov- ernments concerned. The decisions of the commission on varlous petitions examined and its com- ments on the annual reports will be published later after its official report been conveyed to the Council of I WILL SELL $3,000 New Amsterdam 675%, 1043, Bid. 10 Lincoln Nat. Bank @ 450, Real Estate Morigake & A%, 50 U ?-un Mortgage & Dls- count @ 0. 500 Miller Train Contr 10 International Bank Inits Waj pid. a mith 3% 3 eru:\'lulnl investment 3% 0. ' Ba 1l @ 65 Corporation of D. C. ptd. 20. 100 Washinst 10 Sec ities Nat. Insurance “new. s Unils Roosevelt Hotel. Bid. 12 Qur Home Life Ins. il Nat. Press Bldg. pfd. Vasco Pdts. Units ? 23 ‘W. B. Moses 8% pid @ 92 THOMAS L. HUME 1412 G St. Main 1346 Money for \Eirst Mortgages We'll tell you quickly “yes” or “no” to your application for a loan with which to build a home, an apartment house or business prop- erty—or to refinance a maturing mortgage. If “yes” the money will be immediately at your disposal. Low Rate f Int and Commission ™" B. F. SAUL CO. 925 15th St—M. 2100 Are Stocks again a purchase? Our latest market forecast covers this, these stocks, whether to Buy, Hold, Sell, or Exchange— Fox Film A? Pan-Americen Peer.? Schulte Retail? Goodyear Tire & R.2 Byers? Sears Roebuck? Kenmecon? Elec. Pwr. & L1.? Int. Tel? Studebaker? Send for sample copy free. Write name and address on margin and send to— AMERICAN SECURITIES SERVICE 23,674 Singer Building, New York ALLTREADS LEHMAN'S TIRE SHOP 12th & K N.W. 1 mandate commission of the League of | WE FINANCE —all classes of income-producing property Large Loans a Specialty Current interest rate and commission. Higbie & Richardson, Inc. 816 15th St. N.W. In Nearby Virginia 1 Prudential 5 /2% Insurance Co. Loans Commonwealth Investment Co. 917 15th St. N.W. Phone Main 2623 Money to Loan Secured by first deed of trust on real estate. ling interest and commission. Joseph I Weller gia"*i%i s § ¥ First Mortgage and Construction Loan Applications Invited at 52% Glover & Flather 1508 H St. N.W. Main 1753 Loans to Salaried People “Character Plus Earning Ability Our Basis of Credit” REASONABLE RATES EASY PAYMENTS WASHINGTON WIMSETT COMPANY 903 N. Y. Ave., 2nd Floor. WANTED Security Salesmen E desire the services of several experienced security salesmen who can furnish excellent refer- ences; who preferably have a standing clientele to whom they have sold high- grade stocks. We will fur- nish a financial statement. See Mr. Bellman between 9 and 10 A. M. at 602 Wes- tory Building, 14th and F Sts. N. W. The telephone number is Metropolitan 2123. r 55, Union Carbide over 50, | 100% 97 Washington Gas Light series B s, 1936 109'% ‘Washington Rallway & Electric cons. 4s, 1951 94v% 103 1% 136,400 297,000 and United States Steel about 30. Balto & Ohlo ref 5s 1995. 98y 92% Scores of others were up in proportion. About $6,500,000,000 has been added to the market valuation of less than 50 gr cent of the active share list since e recovery from the June break be- gan carly in the Summer. Novice Shows More Caution. Tt would seem, therefore, as though in order to bring prices into closer con- formity with values, a further reaction would be necessary. The public has had a severe shock. ~Its severity was in- tensified by its suddenness. This has a deep psychological effect, especially upon the novice in speculation. It starts him thinking along new lines and introduces for the first time the idea that possibly his market judgment is not infallible. The effect of all this is to produce greater caution, the weeding out of the weak members of his list and the adoption of a trading unit that is more within his means. ‘That there will be significant upward movements in_ industrial stocks, or groups of stocks, even while the general 1ist may be showing signs of staleness, is obvious. Good corporation names. and names that are identified with suc- cessful promotions will be sought after with enthusiasm. Proof of this is the subscription within the last few days of $325,000.000 to a $100,000,000 invest- ment trust and the tremendous over- subscription to the English stock of the Ford In contrast was the scant over-subscription for the 4!( per cent United States Treasury certificates. ‘While money rates may embarrass the corporations and ‘the Government in their borrowings, they cut very little figure 5o far in the distribution of pop- * ular “equities.” Some Leaders Hard Hit. One of the most significant trends in this week's stock market has been that in a few stocks which during the year have held positions of leadership. Some of them have declined even lower *han a week ago. While the rest of the market was rallying, they have been saggirg. This may be the result of an ex- hausted buying movement in them or it may be indicative of coming changes in the industries which they represent. 1t is. at least, a movement that should be kept under observation, for it might have wide-reaching effects. SPORT DRESS STYLES. Paris Garments of Same Material Used in Men's Ties. PARIS (#). —Winter resorts may glimpse the silk sport dresses made of the same material as men’s ties which a few dress houses are showing here. Some of the tie silk dresses are wash- able. ‘They may be one-piece and sleeveless or two-piece dresses of the tailored sport type. Jean Patou has a pale blue tle silk costume in his advance Spring models. He calls it “Necktie,” in tribute to the origin of the material. Firestone Reports Profits. NEW YORK, December 15 (#).— Firestone Tire & Rubber Co. and United States subsidiaries ended the year on October 31 with net profit of $7,072,014, equal to $14.66 a share on 370,000 com- mon shares. In the year ended October 31, 1927, the company reported net profit of $13,780,965, equal to $33.89 a | share on 356,955 common shares. Sales for the year were $125,664,666, against $127,696,759 in the previous year. Canton Uri, Switzerland, has ruled that all motion picture theaters shall pe closed on Christmas, Easter, All Baints’ Day and four ather holidays of the year, . > l 105% 100% 107% 101% 9514 101% 01 9% 122% 117% 22 83% 6% 94 100% 95 101% 99% 103% 97w 103 974 110 105% 4% E0% T4% 69% 114 111% 89 74w 96 2% 97% 95 102% 97% 118% 1164 934 £8% 105% 102% 108% 102% 110% 108 100% 26% 98y 924% 20% T8% 8% 3% 91k 87 116% 114% 101% 94w 114 108 1156% 113% 93% 84 102% 102% 9% 107% 104% 107 104% Blin 694 116% 105% B 11 ™ 103% 100 Y8% 4% B6% w6 99% 114% 10678 1133 111% 1104 98 59 B4 99 u4w 97 92 93% Bdle 150% 96% us +8 93% 33 K6 106 105% 103 1073 103% 88 6% 101 984 6% €4’y B&OPItts LE& W Va és 1941, B & O Southwestern Div fs 5 Rrooklyn Manhat s £ 68 A 1 1 Canadian Pacific deb Chesapeake & Ohlo ov 4 %8 1930.. Chesapeake & Ohlo gen 434# 1993, 99 Chicago Bur & Quincy 4%s 77 B.. 1 Chi B & Quincy 1st ref 5s 1971 Chi M St P & P adj 58200 Chi & Northwestern %3 193/ Chlcago Rallways 58 1937... Chi R T & Pacific ref 4s 193 Chicago Rock Island 4 Chi Union Station 44 s Clev Cin Chi & St Louls 6s D, CCC&St Liref fs A 1929, Erie ref 5s 1967 FlaKCbs 4. Grand Trunk 7s 1 Great Northern 4. Great Northern Hudson & Manhattan adf 5s 1967, Hudson & Manhattan ref 5s 1957 Ilitnols Central 4% s Inter Rapid Transit 5s 19/ Inter Rapld Transit cv 7s 1933 Inter & Great Nor adj 8s 1953. Int Rwys of Cent Am 6145 1947, Kan C 't Scotr & M 45 1936 Kansas City Southern 3s 19 Kansas City Southern §s 1950, Lake Shore 4s 1931. Louls & Nash unified 4s 1940, Mil Elec Ry & Lt 1st ref 58 61, MStP&SSMAus 1931 Mo Kan & Tex Ist 48 1990... Mo Kan & Tex adj 58 1987..¢ Mo Kan & Tex or In 6s A 1962, Missour! Pacific gen 48 1975.. Missourt Pacific 58 F'. i New York Cent N Y Chi & St L red N Y Chi & St L r B:7a¥Norfolk & Western con 4s 1998 #4°w Northern Pacitic 3s 2047, £9 Northern Pacific 48 1997. Northern Pacific 65 D 2047.... Northern Pacifio cef tmp 68 2047 Ore Short Line ref 4s 192 Ore-W: Pennsylvanla “ennsylvania e Pennsylvanl, Reading 4%s 1991..... Rlo Crande Western olt 48 1949. RLArK & L 448 1934 SILIM& S R &G 481983 SC1, & San Fran or In 48 A 1950.. St Louis San Fr 4% '18. St i, & San kran inc 6s 1960, StPKCS Line 4 %e 1941 Seaboard Alr Line con 6s 1946, Southern Pacifte ov 48 1929 Southers Pacific ool ¢, Sonthern Pacific ref ¢s Southern Ry gen 48 1968 South Ry 18t is 1994, Southern Ry dev 6148 1956 Ihird Ave adi 58 1960 nion Pacitic Ist 85% 96% 994 70,000 Washington Railway & Electric gen. 6s, 1933 104% 102 B6% " 8% MISCELLANEOUS, Barber & Ross 6%s, 1937 .... Chamberlin-Vanderbilt Hotel 6} Chestput Farms 6ls. 1041 Chevy Chase Club 1st 5% District of Columbia P Wardman Park Hotel 535, 1041 Washington Arcade 6%as, 1942 ‘Washington Consolidated Title 65, 1951 ...... Washington Market Cold Btorage 6s, 1938 ... STOCKS. Par. value. rate, PUBLIC UTILITIES. Capital Traction Norfolk & Washing Potomac Electric Power pfd. Potomac Electric power pfd. . Washington Gas .. Washington Railway & Elec. com. ‘Washington Railway & Elec, pfd. NATIONAL BANKS. Capital Commercial District Parmers & Mechanics’ Federal-American Liberty Metropolitan Riggs /265 Riges warrants Becond Washington TRUST COMPANIES. American Security & Trust . Continental Trust . Merchants' Bank & o National Savings & Trust Usloh Trust “.ashington Lean & SAVINGS BANKS. Bank of Bethesda .., Commerce & Savings East Washington Savings Bank Potomac Security Savings & Commercial. FIRE INSURANCE. Firemen's ... National Union TITLE INSURANCE. Columbia .. Real Estate B Title & Invest. Co. of Md. com. Washington Cons. Title Ins. pfd.. MISCELLANEOUS. Barber & Ross. Inc.. com .. Chestnut Farms Dairy pfd. Chestnut Farms Dairy com. Chevy Chase Dairy pfd. . Columbia Sand & Gravel pfd. . Commercial National pfd. 1 D. C. Paper Mfg. Co. pfd. 1 District National Security pf Federal-American Co. com. . No» Federal-American Co. pfd. 1 Federal Btorage pfd. 1 Lanston Monotype i Merchants' Transfer & Stg. com.. Merchants' Transfer & St Mergenthaler National Mtge. & Inv. Co. pfd Peoples Drug Btores pfd 1 Peoples Drug Stores pfd. Sanitary Grocery pfd. Security Storage Terminal Ref. Whg. Corp. Washington Conventlon Hall pfd. Washington Medical Bldg. Corp. Washington Mech. Mtge. Co. com. Wuodward & Lothrop pfd. UNLISTED Army & Navy Club 5s, 1961, Cosmos Club 4125 (retired ai Metropolitan Club 4%zs, 1936 . BONDS. Chapin-Sacks 1st pfd. 20 Miller Train Control ... Raleigh Hotel ... Departmental Bank , Munsey Trust Co. .. Park Savings Bank [ 1 pd.y 1 er Mg 6s. 1937 Potomac Joint Stock Land Bank 5s, 1934-5: 100 1 100 100 100 100 9315 98 105% 1014 9% Approx. sield. 6.5% 3.9% 5.4% 5% 3.5% Div. 11672 310 114 1093 106 485 104 250 265 246'% 336 343 253 406 57712 320 270 315 462 135 158 521 340 00 00 ne 00 00 00 * 100 W gy 00 8.00 6.50 6.50 5.00 3.00 7.00 .80 7.00 Your Property —we return strict account- ing in minutest detail, so that you can tell at a glance the result of our steward- ship. Compared with what we produce for you our service is a real economy. B. F. SAUL €O« Main 2100 925 15th St. —is best insured by your future Yuletide DEPARTMENT. OLDEST National Bank in District of Columbia i 5020 Telephone Metropolitan 5021 per plans. 3% PAID ON SAVINGS ACCOUNTS Money for Christmas Start building a “Metropolitan” Savings Account, THIS PAYDAY, and keep it growing. That’s the practical way to successfully finance stent thrift- throughout the year. @ As little as a single dollar will identify you with OUR SAVINGS OPEN UNTIL 5:30 P.M. MONDAY,DE€. 17TH Holiday Cash Sent Anywhere by Draft and Cable National Metropolitan Bank 15th Street: Opposite U. S. Treasury o CLARK,CHILDS & COMPANY 120 Broadway New York, N. Y. WASHINGTON OFFICE 1508 H STREET NORTHWEST MEMBERS 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 OF TRADE CHICAGO STOCK EXCHANGE JAMES SLOAN, Jr., Manager Capital Surplus and Undivided Profits Over $2,000,000.00 “ A “ “