Evening Star Newspaper, December 19, 1928, Page 14

1 = INTERNATIONAL FAFER AND i The Board of Direciors have declared a Jular quarterly dividend of one and three- arters per cent 113 %) on the cumullhvc Preferred Stock of this Company, and a '|lllr uunrunv dividend of one and one- r cent (1'4%) on the Cumulative 6% lf!l‘red Stock of this Company. for the rrent quarter, vnylhle January 15th, 1 holders ;n record at the close of hnune.u cember 26th. Ohelck.! to be mailed. Transfer books will : ° close. {“%R._G.LADD, Assistant Treasurer. I WILL SELL 52,000 New Amsterdam 6%%. 1943, 10 Lincoln Nat. Bank @ 450, 200 Units Real Estate Mortsase & Guaranty @ 8 Units ng-ln Mortsage & un Insurance “new.” Bid. id. t Nat. its Roosevelt Hotel. Home Life Ins. 5 Nat. Press Blde. pfd. Fats. Units fo W 19 Vicemia Fiate Glaser THOMAS L. HUME 1412G St. Main 1346 On Improved Progerty in Maryland and District of Columbia 6% Interest No Commission Charges EAVER BRO REALTORS 809 15th Street N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. N.W. Second Trust Notes We will buy your Second Trust Note if desirably secured on im- proved property ih the District of Columbia. Prompt Attention to Applications National Mortgage & | last transfer at 425. Merchants Trans- 550. | 127 and Potomae Electric Power, 51> "FINANCIAL. THE EVENING TRADING IS BROAD ON D. C. EXCHANGE Lanston and Mergenthaler Are Leaders—Friday Ad- dresses Bond Club. BY EDWARD C: STONE. Broad trading at strong prices fea- tured today's session of the Washington Stock Exchange. Lanston Monotype and Mergenthaler Linotype were about the most active stocks. Lanston opened at 11815 and closed at 11774 on a 70-share turnover. Fifty - one shares of Mer- genthaler were sold at 104, Federal Storage preferred scld to- day at 120, an ad- vance of 5 points of the last trans- action, Washing- ton Railway & Electric common appeared today, when @ single M. D. Rosenbers, Share moved at 428, against the fer & Storage common came out at 130, \lnga one point. The preferred sold at Riggs National Bank stock registered Chestnut Farms Dairy vreferred Chevy Chase Dairy preferred 1064, Peoples Drug Stores preferred 10672, per cent preferred 108%;. D. C. Paper preferred came out at 88. Chapin Sacks 8 per cent preferred sold at 107. Bonds retained their activity of yesterday and also recent price levels. Further Dividends Announced. At the meeting of the board of di- rectors of the American Security & Trust Co., held late yesterday, the reg- ular quarterly dividend of 3 per cent, with an extra dividend of 2 per cent, on capital stocks was declared, payable January 10 % stockholders of record at the close of business on December 31. The transfer books will be closed from the 1st to' the 15th of January, bof days inclusive. ‘The board of directors of the Mer- chants’ Transfer & Storage Co., yes- terday declared a semi-annual dividend of $5 per share on common stock and the regular quarterly dividend of $1.75 per share on preferred stock, payable January 1 to_stockholders of record December 21. Books will be closed from December 21 to 31, inclusive. 'The board of directors of the National Metropolitan Bank today voted the ‘usual Christmas bonus for the employes, thus joining the long list of local insti- tutions adding joy to the holiday sea- son. President George W. White is greatly pleased with the progress made by the bank this year. Company Votes Large Dividend. By vote of the directors, Vasco Prod- ucts, Inc., on January 1 will distribute out of its net earnings of over $37,000 a total of more than $27,000 in the form of an 8 per cent cash dividend, payable stockhloders of record h l new affiliation with the newly former merger, Vasco Sales Corp. of New York, which combines American Druggist Syndicate and Vivaudou, Djer-Kiss, Melba and Mavis tolletry lines, this Brentwood, Md., con- cern, which will continue mnnuhcturmg as before, expects to triple its glles volume and production during 1929. Friday Addresses Bond Club. David Friday, director of the National Economic Research, address. sees little euing in rates under present financial condifions. ~Currency needs for the llreast bolldny trade in history will force banks to increase their redis- the After the first of the year there will be an increase in imports of gold and this will aid the money situation, Dr. Friday continued. He said the world Investment Corporation 1004 Vermont Ave. N.W. Main 5833 Homes, Apartments and Business Properti In District of Columbia and Nearby Marsland-Virginia 3-5-10-Year Terms Prompt Replies Randall H. Hagner & Co.’ (Incorporated) Decatur 3600 1321 Connecticut Avenue Mortgage Loan Correspondent New York Life Insurance Co. Savings to the Best Advantage If in doubt what 6 7 to do with your 6% Send for our Booklet Xmas Savings — buy The “Success Plan.” * Guaranty Pirst Mortgage Bonds on fee simple properties in Washington and Suburbs. It is an investment that is safe and sound—and pays 6%. Monthly payments REALESTATE MORTGAGE & GUARANTY CORPORATION Capital Resources $3,400,000 24 JACKSON PLACE if desired. Denominations of $250. is producing gold that flows into monet-ry channels at the rate of $200,- year and stated that the Unflcdsfil‘flwfll'etthel r share d. | Callahan Zinc. n. High. Low. Close. 45 4b% 424 13 84 841 84 84% 73 375 373 375 32 -321% 82 83 31% 33% 381% 32 48 49 48 49 3% 3% 3% 3% 85% 88 85 SE Abitibl Pow (4). Apitibi Po pf(6) Adams Exp(6).. Adams Millis(2) Adv Rumley.... Adv Rumley pf. Ahumada Lead. . Air Redctn (13). Ajax Rubber.... 9% 9% 9 Aiaska Junea... 8 84 7% Allied Chem. ... 232% 239% 232 Allis-Chalm(7). 157 157% 157 Amal Leather. .. 1 Amerada(2).... Am Agricul Chm Am Agri Ch pf.. Am Beet Sugar. Am Bosch...... Am Br Sh(j1.60) Am Brown Bov. Am Brown Bo pf Am Can (14). AmCar&Fay(6). Am Chain pf(7). Am Drug (60c) . Am EncauTil(3) Am & For Pow.. 674 Am&FoPo pf(6) 95% Am&ForP pf(7) 106 Am Home Pr(3) 75% 75% 75% Am lce(12%)... 41% 425 41% Am Internatl(2) 122% 127% 122% 127% Am LaFr&Foam 7% 8 T Am Locomot(8). 97 97% 97 9T A Machine (15% 165 165 165 165 Am Metals(3).. 54% 56 54% 55 AmNat Gaspf7 97% 9T% 97Th 97% AmP&L (11).. 76% TT% 6% 1% AmPo&Lt pf(6)] 100% 101% 100% 101 Am Radiator(5) 190 191 187 190% Am Republis. 59»« s' 58% 62 Am Seating(3).. 35 35 Am Smelting(8) 264% 273 2641 269% Am St1Fdys(3).. 63 63 63 63% Am Sugar 814% 83 81 82y Am Tel & 190 192 190 192 Am Tobacco(8). 172 175% 171% 175% Am Tobac B(8). 173 17215 175 Am Tob pf(6)... 120 120 120 AmWW&EIl(el). 68 68 681 AmWWI1st pf(6) 99% 991 991 Am Woolen..... 23% Am Woolen pf.. 56% Am Writ Pactfs 13 Am Zine. ... 34% J Am Zino pf..... 101 105 101 Anaconda(4)... 107% 109% 107% 108% Anchor Cap..... 49% 504 49% 49% Andes Copr 76¢.. 4815 49% 481y 49 Archer-Dan(3).. 99% 100 9915 100 Arch-Dan pf(7). 1131 1131 113% 113% Armour III(A).. 15% 15% 15% 15% ArmourIl(B).. 8 8 % Tk Armour 1L pf(7) 80% 80% 80% 804 Arnold Con&Co 39% 413 39% 40% Artloom(3)..... 31% 31% 31% 381% AssoDryG(2%). 66% 641 65% Ass0 Oil(2)..... 44% 44% 441 Archison(10)... 195 194 195 Atch T&SFerts 215 3 2% 2% Atchison pf(5).. 104% 104% 104 104 Atl Coast L(110) 165 166 1641 166 AUGUIL& WI.. 40% 40% 40% 40% AtlGulf pf(3).. 57% 58% 57% 58% Atlantic Ref(1). 55% b6} b55% 56l AtlasPowder(4). 102 102 101% 101% Aus Cred(4.49).. 60% 60% 60% 604 Auto Sales. . 24 24 234 28% Bald Loco pf(7). 116% 116% 115% 115% Balto & O(6).... 118 118% 117% 118 Balto& O pf(4). 78% 179 78% 79 Bambgr pf(63). 107% 108 107% 108 Bang & Arpf(7) 104 104 104 104 Barnet Leather. 26 26% 25% 25% Barnsda'l A (2). 40% 41% 404 41% Bayuk Cgrs (2). 113 117% 113 117% 8 . 100% lOl’fi lflfl’u 100% 924 92% 92% 79 10% 82% 95% 106 991y 24 567 Close. 169 118 100% 182 584 83% 1 364 107% 125 109% Open. High. Low. 469 469 469 118 118 118 100% 100% 100% 181 182 181 581 58% 58% 84 Dupont, (118%). Du Pont deb(6). Duq Lt 1st(5)... Eastman(18)... Eaton Axle(2).. Eitingon(2%). Eitingn pf(63%) Elec Auto-Lt4% Elec Au L pf(7). Electric Boat. .. ElecPow&Lt(1) Elec P&Lt pf(7) ElecStoBat (f5). Em Brantgm (A) End-John(3). ... Eng Pu Ser(m1) Eng Pu S pf(5). Equit Bldg(2) Erie R R. Erie 1st pf. Eureka V(t WedLight(h1.40) % Fed Light pf(6). 101 Fed MotT(f80c). 18% First NatS(1%). 67 Fisk Rubber. ...~ 13% Fleischman 3% 77% Folansbee (2).. 57% Foundation Co.. 54 Fox Film A(4).. 93 Freeport (t6%). 52% Gabriel SnubA.. 20% Gardner Motor.. 14% Gen Am Tnk(4). 844 Gen Asphalt.... Gen Cable. . Gen ('AhltA“). ‘m Gen Cable pf(7). 105 Gen Cigars(4). 65% Gen Eelectric 16. 183% GunElec sp(60c) 11% 109% 109% 13 12% 4415 43% 106 106 82% 81% 9 4% 46% 46% 90% 90 30% 30% 69% 68 6L 60% 46% 46% 69% 69% 101 100 18% 18% 69% 67 13% 13% 79 1% 58% 57% 54% 51 9% 92% 52% 51% 20% 20% 14% 14% 874 84l 3% T2% 32% 32% 6% 76 105 105 65% 65 185% 182Y% 1% 11 84p 82% 109% 13 43% 106 Gen Mills (3)... 834 Gen Mills pf (6) 100% Gen Motors t9% 185% Gen Mot (New). 175% Gen Mot pf(7).. 12 GenOutdrAd(2). 327 Gen Outdr Ad(4) 51 Gen Ry Sig(5).. 95% Gen Refrac(3).. 724 Gillette S R(c6). 114 Gimbel Bros.... 48% Glidden (f1%).. 32% Gobel (Adolph). 49% Gold Dust (5)... 131% Goodrich(4).... Goodyear Tire.. 104% Goodyr 1st p£(7) 101% Gotham (32%).. 76 Gotham n v 323 Gould Coupler A Graham-Paige. . Grhm-Paige cfs. Granby-Min(4) . Grand F&W (1), Grand Unon. ... Grand Un pf(3). Grant W T (1).. 115% Grt North p£(5). 107 Gt Nor pf efs(5) 104% Gt NoOrcfs 2%. 26% Grt Wn Sug 2.80. 345, Grt Wn Su p£(7) 114 Greene Cana(6) 174 Guantanamo Su. 5 Gulf Mo & Nor.. 50 50»5 50 GuM&NpL(6). 102 102 102 Guif Stat StI(4). 64% 644 64% Hartmn B(1.20). 26 26 26 HavanaEIRy... 9% 9% 9% HawanPinap t2. 63% 63% 63% Hershey Corp... 67% 67% 66l Hershey pf(4).. 83% 831 &3% 100% 99% 188% 184% 12! 32% 125 32% 51 95'% 2% 113% 48 32% 32% 50t 481 132%% 129 91t 86% 107% 103% 101% 101% 76 T5% 0% 7 1% 30% 29% 53l 53% 115% 116% 107% 107 104% 104% 26% 26% 35% 34% 114 114 175% 172 Beacon Oil...... 21% 22% 21% 22% Beecn-Nut (3).. 86 87 85% 87 Belding-Hemwy. 13% 13% 13 13 Best & Co(8).... 8Tk 87T% 8T 8T% Be‘hlehem Steel 81 83% 80% 82% Beth Steel pf(7) 122 122 Bloomingdale... 41% 45 Blumnthl pf(7). 120 120 Bon AmiA(4).. 82% 824 824 82% Booth Fisheries. 8% 9% 8% 8% Borden Milk(6). 164 164 164 164 Boston & Maine. 89 90% 89 90% Briggs MfgFCo. 47% 49% 47% 48% British Empire. 4% 4k 4% 4% Brockwy Mot(4) 69 69% 69 69% Bklyn-Man(4).. 72 3 72 72 BklynUnGas(5). 184': 186 184% 185 BrownShoe(2%) 45% 45% 454 454 Brunswick B(3) 48% 50 . 48% 49% Brunswick Ter.. 37% 384 37% 37% Bueyrus(1)..... 35 .36% 35 36 Bucyruscv(23%) 45 BurnsBros pf(7) 103 Bush Term(g2). T76% 77% 76% 77 Bush Ter pf(7). 115 115 114% 114% Butte Cop & Zine 8% & o 8% Butte & Sup(2). 9% 9% 9% Butterick Co. 40% 40% 40 40% Byer & Co. 181% 187 180% 182% By-Prod (1 . 9% 95 94 9 Calif Pack(4)... 72% m« 'lg% 8% 3% Calu & Ariz(t1). nan lli\h 113 116% Calu&Hee (2%). 40% 41% 40% 41% CanDry (t4%). 5% 75% 75 75% Can Pacific(10). 229% 231% 229% 230 Canon Mjlls2.80. 44 44 44 44 Caro Clin&O(4). 91% 91% 91% 91% Case Threshg(6) 430 461 430 461 Case Thr pf(7).. 125 125 125 125 o!'.bu,ultls'.heonlylu:m nblzltg absorb large amounts of lus gol Dr. Friday told the club that the past year has been disappointing to the bond men because of the situation in the money market, lnd anal detail the forces which b these condi- tions about. The was largely attended -nd the economist's much enjoyed. Trust Oonlnnteel to Be Named. The executive council of the newly a_ meeting tomorrow at headquarters. n is under the chairmanship divided up under five important com- mittees to be named. They will lization, trust law and legislation, life insurance trusts, District, Bh'e and Federal taxation of trusts a committee on education and puhuclty Heard in Financial District. Secretary Edward J. McQuade of the District Bankers’ Association read a | Christmas telegram from I. A. Fleming at the luncheon today in which the 'veteran financial writer sent greetings of the season to all Washington bankers from his Winter home in Melbourne, President M. D. Rosenberg of the Bank of Commerce & Savings was be- ing felicitated today on the occasion of his birthday. Mr. Rosenberg, who is a lawyer as well as banker, has been at the head of this particular bank ever since it was founded. Eugene E. Thompson, head of Crane, Parris & Co., has returned from a short trip to New York. E. J. McQuade, vice president of the Liberty National Bank, has returned from attending the monthly meeting of the directors of the Mergenthaler Lino- type Co. in New York. W. W. Spaid of W. B. Hibbs & Co. is back at his desk after a brief business trip to New York. Seligman Buys Bank Stock. J. & W. Seligman & Co. and John Nickerson & Co., Inc., have acquired 140,000 shares of common _stock of Hungarian General Savings Bank, Ltd., of Budapest. These shares will be de- posited with the Central Union Trust Co. of New York against the issue of 28,000 American shares, each represent- ing five Hungarian shares. The Ameri- can shares, it is expected, will be offered in the near future. For the first 11 months of this yeas the F. & W. Grand Stores have in- creased sales 29 per cent over the same period last year. December sales alone are expected to show an increase of about 70 per cent, according to advices sent to stockholders. ‘The brokerage house of E. A. Pierce & Co. i testing out a moving picture screen for carryu:ggzeneru market in- formation while ticker is carrying uotations. If the plan, being tried in Philadelphia, is a success, it wilk be installed in the Washington of- fice and elsewhere. Prices “of commodities during the week ended December 15 declined two- tenths of 1 rer cent according to the wholeulz pr index of the National Fertilizer Association. The chief de- 351 Ik | Ches & Ohlo(10) 198% 201'/. 198% 202% 72 Cent Alloy(2).,. 43% 44% Cen Ry NJ(t12). 324% 324% 82‘% 324w Century Rib M.. 20 20 20 20 Century R pf(7). 78 78 78 78 Cerro de Pas(5). 103 104% 101% 104% Certajn-teed Pro 23% 231 234 234 Chandler-Clev.. 20 20% 20 20 Chandler-Cl pf.. 35 35 35% C & O Corpn(3). Chi & Alton..... Chi & Alton pf.. Chi & East Ill pf Chi Great West. Chi Gt West pf.. Chi Mil & St P.. Chi Mil & StPof 53% Chi & Nwn(4%). 85% Chi F'ne Tool(6): 157% Chi RI&Pac(6).. 126 ChiYel Cab(3). Chickasha(3) Childs(2.40).... 57 Chile Copper(3). 63% Chrysler(3).... 121 City St B 5% stk 106 Cluett-Pea pf(7) 116 19% 64 21% 46% 2% Col Fuel & Iron. Col & Southn(3). 109 Col Sou 1st(4).. 75 Col Gas & E1(5). 129 Col G&E pfA(6). 107 Columbia Graph 67 Col Carbon(4) Com Cred(1). Com Cristpf 6 ComCrpfi1%). 25 Com Inv Tr(34). 124% 99% 100'/. 25 124 125% 105 105 25 220% Com Inv (war) Comm Solv (j! Com Power(#3 Conde Nast(2),. conxohum-Nnir ong Cgrs (5).. Consol Cgrs (7). Consol Gas(5).. ConsolGaspf(5). ConRRCuba pf 6 Con Film pf(2). Consol Textile. . Container A 1.20 Container B 60c. Cont Baking A.. Cont Baking B.. Cont Bak pf(8). Contl Can (n)... Cont Insur(6)... Contl Mot(80¢). Corn Pro(13%). Corn Prod pf(7). 143 Coty, Inc (12%). 0% Crex Carpet.... CrownWP1stpf7 Crown Zelrbek 1 Cructble Stl(5). CubaCaneSugar. Cuba Cane Su pt Cuba Company.. Cuba R R(4.80). Cuban Am S(1). Cuban Dom Sug. Cudahy Pkg(4). Curtiss Aero(1). Cushmann pf(7) Cutir-Ham(3%) Davison Chem. . Debenhms(2.91) Deere&Co pf(7). 26% 80 95% 103% 99% 69 26% 26% 27% 80 % 80 143 103 74 2| Devoe A (13.20). Devoe&R 1st(7). clines were in grains, feeds and live | stock; foods, rubber and coffee. Ad- vances occurred in finished steel, petro- leum, hard wood and cotton, Diamond M (p8) . Dome Mines(1). Drue Inecd). ... 113 114 113 Dunhill Int ($4), 86% 86% 86N “)fl Hollnd Fur 12% 43% 43% 43 Homestake(17). 76 76 76 Household(t4).. 173 3% 173 Houston Ofl.... 87 887% 85 Howe Sound(4). 65 66% 64% Hud Man(2%).. 52 52% 51% Hudson Mot(5). 84% 864 84% Hupp Mot(f2).. 173% 76% 73 Tilinots Cen(7).. 140% 141 140% Ind O &Gas (2). 30% 31% 30% Ind Oil&Gas rt: %% % Indian Mot (1).. 35 85% 85 Indian Refining. 284 20% 27% Indian Refgctfs 26% 27 26% Indust Rayon... 126 126 126 Ingersoll-R(t6) 107% 107% 107% Inland S(k16%). 74 76 74 Inspiration((3). 41% d2% 41% InterboroRapTr. 48% 48% 47 InterconRubber. 11 12 11 Internat Agri... 14% 14% 14% Intl Bus Ma (¢5) 154 155% 164 IntCement(4).. 824 86% 82% IntCom Eng(2). 64% 66 64 Int Harvstr 110. 320 330 820 Int Harv t2%..." 83 83% 824 Int Harv pf(7).. 142% 14215 14216 Int Mtch pf 3. 9% 92% 90% Int Mer Marin, Int Mer Mar pf, Int Nickel (3)... 261 Int Nickl cfs(3) 260 269% 258 Int Paper(2.40). 58% 58% 58% Int Paper (A)... 2T% 28% 2Th Inter Paper B... 16% 18% 16% Inter Paper C... 1l 12% 1% Int Paper pf(n). 90 90 90 Int Paper pfi6). 94% 94% 941 IntPregnk 3%, s2k o8 624 Int Ry Cent Am, 48% 48 48% 3% | Int Tel & Tel(6). 189% 190% 128% Interstate D S.. Island Creek(4). Jewel Tea (15) Johns-Manv(3).. 171 Jordan Motor 14 Jordan Mot (ri 1 1 K CPo&LtB(6). 112 112 Kan City South. 87% 89 Kaufmn DS 1%. 31 31% 31 83 83u B1% . 87 38 87 -116% 116% 116% 20% 22% 20% 40% 41% 40% Kelvinator Corp. 15% 16 15% Kennecott (8)... 136 144 136 Kinney (G R). 48% 484 48% Kolster Radfo... 68% 70% 66 Kraft (1%). 33 33% 33 Kraft (rights).. 1% 1% 1% Kresge(t1.60).. 8l 82 814 Kresge DeptS.. 23% 23% 23 Kress SH(h1%) 114 114% 114 Kreuger & Toll.. 34 34% 33% Kroger Gro(c1). 114% 116% 113% Kroger (rights). 1% 14 1% LagoOil........ 81% 31% 31% Lambert Co (7). 121% 122% 121% Lee Tire & Rub. ' 19% 21% 19% Leh Por Cmt 2% 52% 52% b51% Lehigh PC pf(7) 106% 106% 106% LehighVal(3%). 93 93% 92% Leh: & 'Ink(3). 62% ° 62% 61% g 8(15).. 90 92% 90 Lll&Myrl B1t6 89% 924 89% Lig&Mpf(7).. 136 136 136 Lima Locomtve. 43 43 43 Liq Carb( t4%). 99% 100% 97 Loe: 62 62% 62 102% 102% 102% 52'6 64% 82% 28% 28% 28 4 54% 157 Bd% 54% 157 157 176 171 14 Loft. cesan. Loose-W(1.60).. Lorfllard Co.... Louisiana Oil... 15 15 14% Louis GasA 1.75. 38 38 37h Louis & Nash(7) 142% 142% 142% Ludlum Stl(2).. 77% 179 % McAndrews 2.60 49% 49% 49 Me Call Corp McCrory A(2)... 100 McCrory B(2).. 101 McKeespt Tin P1 McKes&Ro 1.60. MecKsn pf A 3% Mack Truck(6). 101% 102% 100% 101% Macy Co (2).... 166% 174% 166% Mad 8q Gar 1%.. 20% 20% 20 64% 34 32 30 ly Man El Sup rts. Y 49% % | Marlan Oil. ., Man El m2g(ds) Man Shirt(2)... Maracaibo Oil... Market St 2d pf. 33 15'/: 0% 17W 173 94 244 28% 56 28% 364 % Mid States ctfs. 3% Midland pf(t12) 245% 246% 245% Miller Rubber... 22% 23 224 Minn & St Louis. 3% 3% 3% Mo Kan & Tex.. b51% 52 51 Missouri Pacific 62% 64 62% Mo Pacific pf(5) 119 119% 119 Mohwk Car 2%. 59% 64 58% Montgom Ward. 127% 137% 127% Mont Ward(rts) 220 230 222“ 8% 3% 21% 23% 21% 23 164 164 1624 162% 41% 178 4% 24 Mathieson(6) . l:l(ny Dept S(4).. Motgr Prod(2). Motor Whi(+23* Mullins pf (7).. Murray Corp.... Murray Corp rts Nash Motrs(16). Nat Acme(sth). . Nat Bellas Hess. NatBHess pf(7) Natl Biscuit(17) Nat Cash Reg 14 Nat Cash Rrts. Nat Dairy (13). Nat Dept Stores. Nat Distiliers. .. Nat Distillers pf Nat Enamlg (1). Nat Lead(5).. . Nat Lead pfA(7) Nat Pow&Lt(1). Nat Ry Mex 2d. Nat Supply (18). Nat Surety new. Nevada Cop (2). N O Tex&M (7). N Y Air Br(3).. N Y Central(8). N ¥ C & StL(6). N ¥ CStL p£(6). N ¥ Dock....... N Y & Harlm(5) NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn NorfolkSou 13% Nort & Wn(110) NorAm b10%stk North Am pf(3). No Germn Lloyd Nortn Pac(5) Nor Pac cfs(5 Norwalk Nunnally Co. Omnibus....... Orpheum pf(8) Otis Steel. . . Owens Bot (c4). Pacific Gas(2) Packard M 153 . Par-Amer Pet B Park & Til(33).. Park Utah(80c). Pathe Ex. Patino M(2.! Peerless Motor. Penick & Ford. .- Penn Dixie Cmt. Pa Dix Ct pf (7). Penn RR(3%).. People’s Gas(8) . Pere Marq(18).. Pet Milk (1%).. Phila Co (17) ... Phila Co pf(3).. Phila&RC&1I. Phil Morris(1).. Phillips Pet (2). Pierce-Arrow. .. Plerce-Arrow pf Plerce Oil. ...... Pierce Oil pf. ... Plerce Petrolm. . Pillsbury (12.10) Pitts Coal. . Pitts Coal pf.... Pitts Term Coal. Por RicoToA (7). PortoRicoTobB. Postum(3)...., Pressed St Car. Produ & Refinrs, Producers&R pf., Prophylactic t4. Pub SerNJ 12.40. Pullman Co(4).. Pure Oil (1).... Pure O1l pf(8) Purity Bak(3).. Purity Bak(rts) Open. High. 3% 99% 65% 50 95% 27% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Low. Close. 37% 38 99% 64% 49 95% 2% 178 % 116 182 86% 1 121 28% 35% 607 53 122 140 41% 3t 131 141 33% 137 42 184% 130% 108 % % 209 208% lfilh 156 e Radio Corp..... 3. Radjo-Keith (A). Reading 2d(2).. Real Silk Hos Rels(R)& Co. Remingtn-Rand., Rem-Rd 1st(7), = Reo Mot (11.70). Repl&S(4).. Rep Ir & St(rts) Reynolds Spngs. Rey Tob A 163 . Rey Tob B 1615, RhineWE(1.92). Richtleld 011(2). Rossja Ins 1615 . Royal D(a8.222). Royal Dtch(rts) St Jos Leaa13). StL & SanF'(18) . StL&SanF pf(6) StL&Southwest. Savage Arms(2) Schulte (j3%) Schulte pf(8) Seab Air Lin Seab Air L p: Seagrave (el. Sears-Roe(32%) Seneca Copper. . Shell Un(1.40). Shell Un (rts)... Shubert The(5). Stmmons Co(3). SimmsPet(1.60) . Sinclair Oil. Skelly O11(2) . Snider PKg pf... SoPoRicS 12%. South Por pf(8). South Calif Ed South Dair! South Dairies South Pac(6). South Ry (8) SouRyM&O cfs 4 Spang Chalfnt. . Spear&Co p£(7). Spicer Mfg..... Spiegel Co (3).. Std Com To(f1). SAG&E (3%). Std G & E pf(4). Std Milling (6).. Std O of Cal(13) StdOIINJ (11% ). StdOiINY(1.60). Std Plate Glass. StdSanPro(1.68) Staniey Co...... suwart—W-r(s) Stromberg (3).. Studebaker(5).. Sun Ojl (g1) Sun Ol p£(6). Superior Oil. Superior Steel. .. Sweet of Am(1). Symington. ..... Symington Cl A. Telautogh (80c). Tenn Copper(1). Texas Corpn(3). Texas Corpn rts TexasGulfSul(4) Tex Pac C & Oil. Tex Ld Tr(new) TidewatrO(80c) Tide W Oll pf(5) Timken R B(6). Tobac Prod (8).. Tobac Prod A(7) Transcont Oil. .. Transue & W (1) Trico Prod(2%) Truscon (£1.20). Twin CityRT (4) Undwd-EI F (4) Un Bag & Paper. Union Carb(6).. Un Ofl Cal(2)... Union Pac(10).. Un Pacific pf(4) Utd Biscult 1.60. Utd Cigar St(1) Utd Cgr St pf(6) Utd Elec Coal. . Utd El Coll(fl-l) Utd Fruit(t5%). US CIP 1st 1.20. U 8 Distributing U S Hoftman(4). U 8 Alcohol(5).. Leather.... Leathr A(4) Realty(4).. Rubber. . Rub 1st pf. Smelt(33%).. Sm pf(3%). Smé&Ref rts. goaogaadaa Lnunwna Uni Leaf Tob(3) Un Leaf T pf(8). Uni Pic 1st pf(8) Univ Plpe & Rad 150 43% 147 42 161% 524 521 30% 111% lll% 119% 119% 2% 2% 351 342 38% 37% 46% 46% B50% 50% 121, 11% 190% 190% 153% 151% 544 541 45% 44% 234% 225 53% 534 % 6% 54% 53 114 113 94% 944 105% 102% 40% 40 42 41% & 117% 117% 117 20% Utah Copper(12) 235 Util P&L A(e2). 3% 17% 1% 21% 21% 15% 15% 166% 163% Y 17% 21% 146% 145% 129% 125 52% 51% % 9% 43% 40 9% 5% 82% 32% 6% 6% 66% 65 132 130 3 % 53% 52% % 12% 12 20% 19% 17% 174 97 9 143% 142 104 102 116 115% 10% 10% 46% 46 43% 42% 58% 58% 39% 38% 86 85% 32 32 186% 182% 52% 51% 208% 2074 83% 83 . 461 454 24% 24% 104% 104% 4% T4 11% 10% 141 140 18% 184 16% 16% 42% 424 130% 128% ' | Insurance Management S'i‘AR, WASHINGTON, D. C, WEDNESDAY, DECEMBER 19, 1928. STOCKS ARE HIGHER INBRISK TRADING Buying Becomes More Confi- dent—Coppers Lead in Advance. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 19.—Still under a limited turnover, but with in- asing confidence, the stock market hed ahead today into new high ground on the current recovery. time or another nearly every group of industrials participated in the im- provement and at intervals selected rails were taken pp. Money held at 7 per cent all day. The coppers featured the trading just before the close. Granby Consolidated was the favorite. Under an enormous turnover the stock ran up sharply to much the highest price. Expectations of a substantial increase in the dividend was the basis for the demand. The list started in strong under the influence of the demonstration in the last hour yesterday. It was pretty well established that forced liquidation had been completed, while the short interest had been growing. This, combined with the relative ease in day to day loans, encouraged the so-called constructive | element and they proceeded to make the most of their opportunity. Copper Stocks In Demand. Copper stocks were right up at the mmtppe Greene Cananea, Which had been forging ahead all during the ir- regularity of last week, pushed through 174 to a new high for all time. Inter- national Nickel, which moves with the coppers, likewise established a new rec- ord top, above 260. Kennecott, above 140, was some 12 points up from the low in the break of ten days ago. American Smelting & Refining, a_vecent laggard, jumped 5 points, probably influenced by earnings estimates given out in connec- tion with the recapitalization plan. Chile, Cerro de Pasco, Anaconda and Calumet and Arizona went along. More significant from the standpoint of the bull party was the better feeling toward U. S. Steel, which, in other ses- slons of late, has been slow to respond. General Motors came along moderately, while Chrysler and Packard, still leaders of the independents, were both substan- tially higher. Among _the industrial speclalties Carbon, Commercial Solvents and A. M. Byers were all active and strong. ‘Montgomery Ward added four points to Tuesday’s gain. An over-extended short interest in General Railway Signal was forced to cover at higher prices. Porto Rican American - Tobacco shares fea- tured that part of the list. Rails were firm. St. Louis South- western ran up three points easily. Erie was the favorite of the non-dividend payers. Delaware & Hudson gaired on a small turnover. Money renewed at 7 per cent, but was in supply at that rate. In the so-called outside market accommodation was ob- tainable at 812 per cent. The situation was quite different in time money. Here rates were at the high of the move- ment and funds were in scant supply. Traders, however, paid no attention to anything except the charge for day-to- day loans. They had heard so much about a money squeeze over me year- end, and development of which they saw.no immediate sign, that the pred!c- tions of trouble ahead no longer had any effect. . Wall Street Briefs Standard Oil Co. of New Jersey, which recently eliminated all conces- slons on tank wagon delivery, on De- cember 24 will establish a uniform tank wagon price on kerosene of 13 cents a gallon with no concessions from this figure to any class of trade. Stockholders of the Jordan Motor Car Co. of Cleveland have approved increasing common stock to 300,000 from 200,000 shares. Henry A. Vehn, formerly vice presi- dent and general manager, today was elected president of Sweets Co. of. America. He succeeds Lewis L. Clarke, chairman of the board, who formerly held both positions. Stock was placed on a $1 annual dividend basis, through declaration of an initial 25 cents’ quarterly payment. The dividend is payable February 1 to stockholders of record January 15. | American Mine Owners’ Casualty Corporation has been organized in Penngylvania to take over casualty in- surance business formerly placed by Corporation with stock and mutual insurance com- panies. Steel industry operations are now at about 80 per cent of capacity, against 82 per cent in the preceding week and 8412 per cent two weeks ago. ‘Wall Street understands American Radiator Co., has offered to exchange States Department of Agriculture).— Potatoes, 84 cars; cars; 416 cars; trading slow, market weak; Wisconsin sacked round whites, 1.00; Minnesota sacked round whites, 80;90, Idaho mked Russets, 1.40a1.65. Alexandria Tm:t Cdrp. Dividend. cial). —A semi-annual dividend of 3 per cent on preferred stock and com- mon stock, payable January 1 to stock- holders of record December 31, has been declared by the Alexandria Trust &/ brought to Anticosti from Virginia. To- Mortgage Corporation. FINANCIAE" CHICAGO DAIRY MARKET. CHICAGO, December 19 (#)—But- ter, unsettled; receipts, 4,114 tubs; creamery extru 48%,; standards, 48%: extra firsts, 48a48%,; firsts, 451:a47; seconds, 13!“" Eggs, higher; recel, s. 4,682 cases; extra firsts, 42; firsts, 41; ordinary firsts, 30a36. Poultry—Alive, firm; receipts, 7 cars: fowls, 25; Springs, 27; roosters, 20; turkeys, 20a36; ducks, 17a24; geese, 24% POTATO MARKET WEAK. CHICAGO, December 19 (United on the track, 299 total United States shipments, 80a Deer Increase. MONTREAL, Quebec (#).—In 1897-93 a herd of 600 white-tailed deer was ALEXANDRIA, December 19 (Spe: day the herd numbers 500,000. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent suburbs in Momgum and Prince Georges Counties, 5% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE [ COMPANY OF AMERICA Main 8100 1001 15th St. N.W. Gasoline Service Station THIS station has a corner location on a busy thoroughfare. It has an established community trade and does a good transient business. Several brands of gasoline and oils are sold, and it is fully equipped with battery recharging outfit, room for tire repairing and the display of automobjle accessories, grease trap_and free air. The building is all metal and is situated on a lot 54 it. by 11 ft. with 15-ft. paved ailey. Must be sold to close an estate. to inspect—phone Main 5027 023 New York, Ave. Real éstate and 1237 Wisconsin Ave. REALTOR SAFE FEIRST MORTGAGES INSTEAD OF A CHECK —why not buy one of our 6% First Mortgajeu —and- give that.as a present? You'll be bestowing an income producing investment and the nucleus of a competency. A Third of a Century Without a Loss Offered in amounts from $250 up. B. F. SAUL CO. Main ?100 925 15th St. N'W. THERE IS NO SUBSTITUTE FOR SAFETY one share of common stock for four shares of Standard Sanitary Manu- facturing Co. of Pittsburgh, Pa. Vanadium (14). Van Raalte pf... Vick Chem(4)... Vcksbg&Spt(5) . Victor Talkg(4). Vietor pr pf(7).. Va-Caro Chem. . Va-Car Ch pf(7) VaEl &P pf(7). Vivaudou Co.... Vulcan Detin. Wabash........ Wabash pf A(5). Waldort(1%). .. Walworth(1.20)+ Ward ClA(F). .. Ward Baking B.. Ward Bak pf (7). Warner Bros Pio Warner-Qu(2). . Warrn Bros (15) Warren F&Pipe. Web & Hell..... Wesson Ofl (4. W Penn El pf(6) W Penn El pf(7) West P Po(6)... West Marylan West Pacific ‘Willys Ov ¢1.2i ‘Willys Ov (rts vd pt Wilson & Co. Wilson & Co Wilson Co pf A Woolworth(s) Worthn Pump. . Worth Pump(A) Worth Pump(B) Wright Aero(2). Wrigey ((13%). Yale&Twne(15). Yellow Truck... 35% Young Spring.. 48l 481 48% 48% Youngstn Sh(5). 402 102% 102 102% Hourly Sales on N. ¥, Market. 10:30 a.m.. 412,900 12 m... 1,364,100 1:30 n.m 2.411,700 2:16 p.m2,158,800 iy nuounnnmm'mmh m e mumfl: “flml-uug 6% 627% make you Financially Independent O MATTER where you live . . in- vestments in modern city apartment, hotel and office buildings will make you financially independent. The F. H. Smith Company investors living in every state of the United States . . . and in more than 50 foreign countries and territories are receiv- ing as high as 61,% income from First Mort- gage Real Estate Bonds. At this liberal rate, compounded semi-annu- ally under our interest re-investment plan, moneydoubles itself in 240 months. Pos 6V2% e safe- guards devel 55 years of experience secure your invest- ment and protect your principal and interest. Your money, invested under our plan can bring you financial independence. Mail coupon for our two booklets giving the in- formation you will want before you invest. THE F. H.SMITH Co. Investment Securities—Founded 1873 Smith Building Washington, D. C. « (815-15th Street, N. W.-Main 6460) * Branch Offices in— New York— and Other Cities NAME