Evening Star Newspaper, December 24, 1928, Page 10

‘'FINANCIXE Mortgages Investments JAMES Y. PENNEBAKER Main5328 1520K St. N.W. Money to Loan BSecured by first deed of trust on real estate, Prevailing interest and commission. Joseph 1. Weller 0725k 4 Trast Buck & Company Estabiohed To1e Stocks Bonds Grain Cotton Write or call for weekly market letter. No obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 7300 First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Secured by First Trusts Conservative Appraisals Chosen Locations % Interest EAVER BRO REALTORS 809 15th Street N.W. Main 9486 REAL ESTATE LOANS 51,9, Homes, Apartments and ss Properties In District of Columbia and Nearby Maryland-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. Second Trust Notes We will buy your Second Trust Note if desirably secured on im- proved property in the District of Columbia. Prompt Attention to Applications National Mortgage & Investment Corporation 1004 Vermont Ave. N.W. Main 5833 6% NOTES Secured by First Mortgages Safe—Conservative Makeyour savines 41 Years’ and surplus funds work for you at Experience in financing the highest inter- iste: estxate consistent e and in the with absolute gule of these se- satety. curities. W H. Saunders Co., Inc. REALTORS Main 1016 1433 K RECORDS SMASHED INLIFE INSURANCE Brokerage Houses Pay Large Bonuses—Title Company Adds New Directors. BY EDWARD C. STONE. In an address before the opening ses- sion of the twenty-second annual con- vention of the National Association of Life Insurance Presidents, Chandler Bullock stated that the American people this year are breaking all prior records in the purchase of life insurance by a wide margin. During 1928 the American people will have acquired approximately $18,- 500,000,000 of new life insurance. This is $1,365,000,000 more than the $17.- 135,000,000, which was bought in 1927. The sum of $8,000,000,000 net will be added at the end of the present year to the insurance in force, making a to- tal of approximately $95,000,000,000 on the lives of 65,000,000 policy holders. In 1901 the fathers of today's buyers acquired $2,020,000,000 of insurance. This year the grown-up children will acquire over nine times the amount their fathers did at the beginning of the century. This year's production exceeds three and one-half times that of 1918—only 10 years ago. It is noteworthy that while it took 80 years—1843 to 1922, inclusive—to ac- cumulate the first $50,000,000,000 in force, the second $50,000,000,000 proba- bly will be achieved in a little less than seven years, Mr. Bullock says. Local Brokers Distribute Bonuses. Harriman & Co., of which G. Bowie Chipman is the resident partner, has distributed a bonus of 20 per cent of yearly salaries to all employes. Eastman, Dillon & Co., Arthur For- aker being manager of the Washington office, was today distributing Christmas bonus checks. G. M. P. Murphy & Co. paid a sub- stantial bonus today to employes in both of its Washington offices. W. B. Hibbs & Co. follows its usnal custom this year and presented Christ- mas bonuses to members of the staff. It is understood in the financial dis- trict that some of these bonuses are un- P ' NEW YORK STOCK EXCHANGE - Received by Private Wire Direct to The Star Office. Abitibi Power-. .. Aoitibi Po pt(6) Adams Millis(2) Adv Rumley.... Adv Rumley pf.. 242% 245 164 172 10% 10% Amerada(2) 38% 385 Am Agricul 20% 20% Am AgriChpf.. 68 68% Am Bank N(13). 125 127 Am Bosch...... 42 42 Am Br Sh(j. 43% 44% Am Brown Bov.. 14% 15% Am Brown Bopf 48 50% Am Can (t4).... 103% 103% AmCar&Fdy(6). 95 95 Am Chain pf(7). Am Chicle (2).. Am Drug (60c). Am EncauTil(3) Am Express(6). Am & For Pow., Am&ForP pt(7) Amé&For P24 1. Am Hide & L pf. Am Home Pr(3) Am Ice(12%)... Am Ice pf(6)... Am Internatl(2) Am LaFr&Foam Am Locomot(8). Am Loco pf(7).. A Machine (15% Am Metals(3).. AmP&L (11).. Am Pow pf(sta) AmPo&Lt pf(6)] Am Radiator(5) Am Ry Ex(6)... Am Republics. .. Am Saf Raz.r3). Am Seating(3).. Am Ship & Com. Am Shipbldg(8). Am Smelting(8) Am Stl Fdys(3). 62% 65 Am St1Fy pf(7). 111% 111% Am Sugar...... & Am Sumat (n3). Am Tel & Ca(5). Am Tel & Tel(9) Am Tobacco(8).. Am Tobac B(8). Am Tob pf(6)... Am Type pf(7).. AmWWE&EI(cl). AmWW1ist pf(6) Am Woolen. 74 50 50 10% 10% 82% 827% 289 2981 0% T1% 106': 1063 96% 96% 74 111% 111% 174% 176% 57% 58 79% 80% 82% 82% 101 101 1891 190% 134 134 59 60% % 67% 341 34% 4 4 87% 93 270% 273% 18915 190% 175 176 176% 176% 120 120 110% 110% 69% 69% 99 99 294 29% 60% 615 usually large this year, owing to the fact that New York Stock Market experi- enced the largest volume of trading in history, Washington offices having done their full share of investment and spec-~ ulative business. PRrofits Shared With Employes. A merry Christmas for the employes of Y. E. Booker & Co. was assured to- day when the firm presented each in- dividual with a check equivalent to a full year’s salary. These checks repre- sented the amounts due under the profit-sharing plan put into effect in 1926, when the firm was established. The plan is an unusually liberal one. Approximately 25 per cent of all earn- ings, above an amount equivalent to a modest salary for the members of the firm, is distributed to the personnel at the end of each calendar year. The pmrortlon of the profits which each individual receives is governed by his annual salary. The membess of the firm are George Hewitt Myers and Yelverton E. Booker. Both expressed themselves today as be- ing greatly pleased with the results achieved under the profit-sharing plan. Christmas Party Happy Affair. ‘The annual Christmas party given by the Federal-American National Bank to its employes at the Colum- bia Country Club Saturday night was the usual enjoyable family affair. Din- ner was served at 7 o'clock. President John Poole and other officers of the bank being present. A homelike touch was added to the feast by the ment of tables, each presided over a bank officer who carved the turkey. The dinned and dancing and other entertainment which followed was more or less formal. Entertainment included a pla; let under the direction of Miss Leona Anthony and songs by Miss Lois White and Edwin Steffe. The Federal-American Club will dis- tribute Christmas baskets of provisions, clothing and toys to approximately 30 destitute families whose condition has been investigated by bank employes and found deserving. This is an annual charity of the bank and this morning bountiful baskets were banked around the huge Christmas tree in the lobby of the bank awaiting distribution. Miss Helen K. Delany is chairman of the committee in charge of this charity. Title Company Enlarges Board. At a meeting of the board of directors of the Capitol Title & Guarantee Co., following a dinner given by President John Paul Earnest at the Racquet Club, the board was increased by the addi: tion of John D. C. Duncan, vice presi- dent of the Drovers and Mechcnics National Bank of Baltimore; W. Meade Holladay, president of the Annapolis branch of the Eastern Shore Trust Co.; Edmund S. Dickey, president of the Maryland Meter & Manufacturing Co.; William S. Quinter, president of the District Building & Loan Association, and Samuel S. Spruce, formerly with the Columbia Title Co. President Earnest reported a satis- factory increase in the business of the company and a lively interest in the matter of title insurance. Pennsy Earnings May Set Record. As a tesult of the unusually large net railway operating income shown by the Pennsylvania Railroad in October, which broke all records for any month, and good earnings in November, it is be- lieved that earnings per share for 1928 will set a new record. In 1927 the com- pany earned 13.65 per cent on its out- standing stock, a shade better than the 13.53 per cent earned in 1926. These were the largest figures shown by the Pennsylvania in over 35 years, and this year is expected to be just a little better than the 13.65 per cent earned in 1927. Earnings will be ahead of last year in spite of the 121 per tent stock allotment last Spring. In other words, estimates this year are based on roundly $562,500,000 stock outstanding at close of this year, against $500,000,000 outstanding at close of 1927. Notwithstanding larger dividend dis- bursements as a result of the 121, per cent stock allotment, the Wall Street Journal considers it is also possible that the company will carry a larger sum forward to surplus account than it did last year. Exchange Closes Today. ‘The Washington Stock Exchange was closed today and will be closed with all other financial institutions tomorrow. Archduke Is Wanderer. The head of the Toscana branch of the Hapsburg family and once an arch- duke, Leopold Woefling, is now a home- less wanderer through the streets of | Vienna. Once he graced the courts of Europe and today he is without a place to call home. Worse than that he has not the price to set himself up in the business of a sidewalk peddler of shoe- strings. There has always been a strain of rebelliousness' in the Toscans branch. Member after member of the family has revolted against the traditions of the old imperial house. Leopold Woel- fling was no exception to this precedent of rebellion. He disregarded the Emperor’s restric- tions over and over again, and finally married an actress. This brought the imperial wrath on him, but there was worse to follow. The marriage was a failure, he divorced the actress, and married a girl of the people in 1907. It was the last straw. The Emperor 421 42% 42 42% 106 106 . 114% 115% Anchor Cap. Andes Copr 75e.. Archer-Dan(3).. Arch-Dan pf(7). Armour Ill(A).. Armour III(B).. Armour Il pf(7) Arnold Con & Co Artloom(3)..... Art Metal(13%). AssoDryG(2%). Asso O11(2). . Atchison(10)... Atch T&S Fe rts Atchison pf(5).. Atl Coast L(t10) Atl Gulf & WI.., Atl Gulf pf(3).. Atlantic Ref(1). AtlasPowder(4). Aus Cred(4.49).. Auto Sales...... Auto Sales pf(3) Baldwin Loc(7). Bulto & O(6).... Bambgrpf(6%). Bank of Com 120 Barker Bros(2).. Barnet Leather.. Barnsdall A (2). Beacon Oil. ., ... Beech-Nut (3) Belding-Hemwy . Best & Co(3).... Bethlehem Steel. Beth Steel pf(7) Bloomingdale. .. Borden Milk(6). Botany Mills (A} Briggs MfgFCo. British Emp 2d.. Brockwy Mot (4) Brockway pf(7). Bklyp-Man(4).. BklynUnGas(5). BrownShoe(2%) Brunswick B(3). Bueyrus(1)..... Bucyrusev(2%) BurnsBros pf(7) Burns Bros(B).. Burroughs(t4).. Bush Term(g2). Bu:u Cop & Zino 285 235 118% 119% 108% 109 748 748 30 30 24% 26 41% 41 22% 22% 9%% 98 12% 12% 88 89 82% 86% 122% 122% 44% 45 172% 172% 13% 13% 52 b4u 6% 6% 68% 69 137 137 n a 183 186% 46 46 487 49% 3T% 3T 47 47% 104% 104% - Calif Pack(4) Callahan Zinq Calu & Ariz(17). Calu&Hec (2%). 42 42% Can Dry (t4%3). 78% 78% Can Pacific(10). 234% 235% Car C1&0 sta(5). 100 100 Case Threshg(6) 450 474 Case Thr pf(7).. 125 126 Cent Alloy(2)... 46 46% Century Rib M 19% 203 Cerro de Pas(5). 108} 108% Certain-teed Pro 27 27 Certo (t4)...... 79% 79% Chandler-Clev.. 20% 21% Ches & Ohio(10) 205% 209 C&OCorpn(3).. 75% 76% Chi& Alton pf.. 19% 19% ChiGreat West.. 19% 19% Chi Gt West pf.. 44% 45% ChiMil&StP.. 32% ChiMil & StPpf 53% Chi & Nwn(4%). 86 Chi Pne Tool(6). 164 164% Chi R1&Pac(6).. 128% 130% CRI&PDL(T). 107 107 Chi YelCab(3).. 324 32% Chickasha(3). 45% 45% Childs(2.40).. 57% 57% Chile Copper(3). 70 e Christi B(1.20).. 83 89 Chrysler(3).... 121% 126% City St B5% stk 106% 106% Cluett-Peab(5). 67% T71% Cluett-Pea pf(7) 115 116% Coca-Cola(6).... 165% 165% Collins & Alkmn., 47% 52 Col Fuel & Iron. 69% 71% Col Gas & E1(5). 129 132 Col G&E pfA(6). 107% 107% Columbia Graph 76% 77% Col Carbon(4)... 117% 124% ComCred(1).... 54% 659 Com Cristpf 6% 100% 102% Com Inv Tr(34). 126'% 126% Comm Solv (j8) 2 224 Com Power(13). 102% 104% Congoleum-Nair 27% 27% Cong Cgrs (5).. 81 81% Consol Cgrs (7). 95 Con Film pf(2).. 25% Consol Gas(5).. 105 ConsolGaspf(5). 99% ConRRCubapfé 70 Consol Textile.. 5% Container A 1.20 20% Container B 60c. 10% Cont Baking A.. 48% Cont Baking B.. 9 Cont Bak pf(8).. 89% Contl Can (n)... 57% Cont Insur(6)... 85% Contl Mot(80¢). 17% Corn Pro(fdl). 89 Corn Prod pf(7). 143 Coty, Ine (12%). 73% Crex Carpet. 2 Cructble Stl CubaCaneSugar. Cuba Cane Su pf Cuba Company.. Cuban Am 8(1). Cuban Am pf(7) . Cuban Dom Sug. Cudahy Pkg(4) Curtiss Aero(1) Cutir-Ham(3%) Davison Chem.. 658% 60 Debenhms(2.91) 38 38 Deere&Co pf(7). 125 125 Del & Hud(9)... 191 191 Del L & W(17).. 126 12 Den RG Wn pf.. 554 554 Detroit Ed(8)... 221 221 Devoe A (13.20). 56 58 4% 4% 3% 3 120% 120% 61% 61% Francis Joseph was enraged. Woel- fling replied by renouncing his rank and titles—and the war and its after- math swept away the remnants of his fortune. Today he has not a penny to his name, Diamond M (p8) 154 155 Dome Mines(1). 9% 9% Drug Inc(4).... 117% 117% Dunhill Int ($4). Dupont (1183 ). 493 493 Du Pont deb(8). B18% 118% . 102% 103 105 % 87% B88% 87% Eisenlohr pf(7). Elec Auto-Lt41 Elec Au L pf(7) 9% 9% 8 241% 244 164 170% Elec P&Lt pf(7) i ElecStoBat(f5)... | Elk Horn pf.... Em Brantgm (A) nd-John(5). ... Eng Pu Ser(m1) Eng Pu S pf(5). ErfeRR....... Erie 1st pf. Eureka V(t1%) Fairbanks(3)... FedLight(h1.40) Fidelity-Phoenx First NatS(1%). Fisk Rubber.... Fisk Rub 1st pf. Fisk R 1st pf ev. Fleischman 131 Folansbee (2).. IYox Film A(4).. Freeport (16%). Gabriel Snub A.. Gardner Motor. . Gen Am Tnk(4). Gen Asphalt. ... Gen Asph pt(5). e 48% | Gen Cable. .. ... 1001t 1051 | Gan Gable X 11 1957 | Gen Cable pr(7y. This 16n | Gen Cigars(s). . ieg Gen Eelectric 6. S GenElec sp(60c) Hr Gen Gas pt B(7) ey Gen AMilts @).... 1, | Gen Motors 334 158 190% | Gen Mot (New). S8 'ov | Gen Mot pt(7).. 67 67 |GenOutdradcz) Lo en Ry SIg(5).. 34% 304 | Gen Rifrascy. . Gillette S R(c5). Gimbel Bros. ... imbl Br pf(7).. Glidden (11%).. Glidden pr pf(7) Gobel (Adolph). Gold Dust (5) Goodrich(4). Goodrlch pe (7 oodyear Tire. . };g‘/- ;’Z’z"c Goodyr 1st pf(7) 120, 120, | Gothamsz34) .. § 110% | Gould Coupler A do% | Graham-Paige. . Grhm-Paige cfs. 28 | Granby (6)..... Grand F&W (1), Grand Unon. ... Grant W T (1).. Gt Nor pf cfs(5) Gt NoOr efs 2%, Grt Wn Sug 2.80. Grt Wn Su pt(7) Greene Cana (6) 13, | Guantanamo su. % | Guif Stat StI4). 81 |Hannailstpf.... . 40% | Hartman A(2).. 29% | Hartmn B(1.20), 293 | Hershey Corp. .. 637 | Hershey pt(4).. 44 |Hollander & Son 196 |Houston Oil..... 2% 2% | Howe Sound (4). 104 104 | Fud Man(2%).. 165% 166% | Hud Man pf(5)., 40 4o | Hudson Mot(5). 56 56 |Hupp Mot(f2).. 56 56% | Ilinois Cen(7). . Ind O & Gas (2) 62 62% | Indian Mot (1). 24% 24% | Indian Refining. 38 39% Indian Refs: eif 235 235 | Ingersoll-R(16). 118% 1181 | 1nland S(k16% ). 108% 108Y | Inspiration((3). 748 1748 InterboroRapTr. 30 30 |InterconRubber. 2414 25% | [nternat Agri. .. 411 411 | Intl Bus Ma (c5) 218 22 | Int Cement(4).. 941 973 | Int Com Engi2). 1214 123 | Int Harvstr 110, 8714 89 | IntHarv123... 825, 83 | Int Harv pf(7).. 122% 122% | Int Nicklof Can. 44% 44% Int Mteh pf 3.20. 190 170 |Int Mer Marine. 13% 134 | Int Mer Mar pf.. 51% 531 | Int Paper(2.40). 6% Int Papr& Po A. 68% 69 |IntPapr& PoB. 137 137 | IntPapr& PoC. 70% 707 | Int Pa&Po pt(7) 183 186% | Int Prig Ink 2%. 46 46 481 49% | Int Tel & Tel(6) 37% 37% | Int Tel & Tel rts 461 467 | Intertype(t1%). 104% 104% | Island Creek(4). 34 34 | rewel Tea (15).. 216 218 | Jewel Tea (rts.. ‘lg: 14 | Jewel Tea nt(7). 9% 9% | Tohna-Man ptr) 40% 41 1 Jones & Lau(7). i 1325‘ Jordan Motor... 74% 747 | Kan City South. . 4% T4 | Kan CSopt(s).. 118% 1201 | Kaufmn DS 1% % 42 ser J(5) 8 T% h-Alb 2331 235% | Kelth-Al p 100 100 | Kelly-Spring. 450 474 |Kelly Tire 6%pf. 125 125 |Kelly Tire8%pt 45% 46% | Kels Hayes(2).. 1914 204 | Kelvinator Corp. 106% 1077 necott (8)... 26 26 |Kolster Radio... 9% 9% | Kraft (1%)..... 20 215 | Kraft (rights)... 205% 208% | Kraft pt (6%).. 76% 76 | Kresge(tl.60).. 19 19 |Kress SH(h1%) 18% 191 | Kreuger & Toll.. 4415 45 |Kroger Gro(el). 32ia 32y | Kroger (rights). 53% 53% | Lago Ofl. 85% 85% | Lamber! 164~ 164% | Lee Tire & Rub. 1284 130% | Leh Por Cmt 2% 107 107 | Lehn & Fink(3). 324 324 | Life Sav(1.60).. 45% 45 | Lig Myers(t5). 57 57 |Lig& MyrsB 15 68% 69% | Lima Locomtve. 83 89 121% 128% 106 106 113 116% | Loos (1.60. 164% 165% | Lorfllard Co 4% 69% 129 130% | Louls GasA 1.’ 107% 107% | Ludlum St1(2).. 75% 76% | McAndrews 2.60. 111% 122 | McCrory A(2) 54% 59 | McCrory B(2)... 100% 101% | McKeespt Tin P1 125 125 ) McKes&Ro 1.60. 221 221 | McKsnpfA3%. 101% 104% | Mack Truck(6).. 26% 26% | Macy Co (2).... f Mad Sq Gaf 1% 4 ey | Magma Cop (4). 25% 26 | Mallison & Co... 1061 | Mandel(23%). ... 99, | Man Elec Suply. 70 | Man EI m2g(d5) Man Shirt(2)... Maracaibo Ofl... Market St prior. Marlan Oil...... Marlin-Roe 13% . Marmon Mot (4). 58 | Martin-Parry... 86 |Mathieson(6)... 171 | Mathieson pt(7) May Dept S(4).. Maytag (12). Maytag pf(3) Maytag 1st pf( Mengel Co...... MetroG pf(1.89) Mexican Seab... Miami Cop(1) Mid-Continent. . Middle Stat Mid States ctfs., Midland pf(t12) Miller Rubber. .. Minn & St Louls. Mo Kan & Tex. . Mo K&Tex pf(7) 38 | Missour) Pacific. 125 | Mo Pacific pf(5) -190% | Mohwk Car 2% . 126% | Montgom Ward. 554 221 124% 125 41% 41% 43% 44 4% 15% 481 50% 103 103% 94 106'% 106% 96% 96% 38% 38% 6% 94 141'% 148% 821 101 4 4 8714 93 270 7 62Y% 111% 111% 834 54 18 189t 190% 175 54 5 4215 105 111% 111% 48% 48% 501 50% 102t 103% 114% 115 15% 63% 44 196 9% 70 2 10% 48 9% 89% 143 2% 24% 85% % 16% 22% 16% 94% 6 62% 145 o 61% 58% Moon Motor. ... 58 | Mother L (40c). 155 | Motion Pic Corp. 9% | Motor Meter A.. 115 | Motor Prod(2). . 88% | Motor Wh1(12% 489 489 Mullins Mfg.... 118% 118% Mullins pt (7)., 115 Int Silver....... 1 Open. High. 183 175% 5 5 64% 64% 92 264 28% 667 8215 19% 8515 66% 514 817 88Y% T 182 Mont Ward(rts) 2 1% 101% 102 % 140 Low. Close. 182% 184% 82 19% 8315 65% 501 8174 8613 6% 140% 17% 11% 9074 53% 18814 153% 17% 124% 184% 120 121% 12% 22% 173 39 a1% o B 101% 101% Munsingwr(3).. Murray Corp.... Nash Motrs(16). Nat Acme(sta).. Nat Bellas Hess. NatBHess pf(7). Natl Biseuit(17) Nat Cash Reg t4 Nat Dairy ($3). Nat Dept Stores. Nat Distillers. Nat Distillers pf Nat Ld pf B(6).. Nat Pow&Lt(1). Nat Radiator... Nat Ry Mex 2d.. Nat Supply (18). Nevada Cop (2). N ¥ Central(8).. N Y C & StL(6). NY Dock.ssssse N Y & Harlm(5) NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn. VY Rys part cfs NorfolkSou 3% Nort & Wn(110) orAm b10%stk orth Am pf(3). NorAm Ed pf(7) No Germn Lloyd Otis Elevatr 18. Otis Steel. . . Owens Bot ( Pac Coast 1st. .. Pacific Gas(2).. Pac Oil Stubs. .. Packard M t6%. Pan-Am Petrolm Pan-Amer Pet B Panhandle Paramount-F-L Park & Til(12).. Park Utah(80¢). Pathe Ex. . Pathe Ex(A) Patino M(2.92) Peerless Motor. Penick & Ford. . Penn Dixie Cmt. Pa Dix Ct pf(7). Penn R R(3%).. Pet Milk (1%).. Phila &RC&1. PhilaRaT pf 3% . Phil Morris(1).. Phillips Pet (2). Plerce-Arrow. .. Plerce-Arrow pf Pierce Oil.s...e Pierce Oil pf. Pierce Petrolm. . Pillsbury (12.10) Pitts Coal. Prairie O1&G: Pressed Stl Ca Pr Stl Car pf(7 Produ & Refinr: Prophylactie t Pub SerNJ 2.40 Pub SE&G DL(6) Pullman Co(4).. Punta Aleg Sug. Pure Ol (1). Purity Bak(3 Purity Bak(rts) Radio Corp..... Radjo-Keith(A). ReadingRy(4). Reis(R)& Co Reis 15t pf (7). Remingtn-Rand. Rem-Rd 1st(7) Reo Mot (11.70). Repl &S(4).... Rep Ir & St(rts) Reypolds Spngs. Rey TobB t61;. RhineWE(1.92). Richfield O11(2). Rossja Ins 1613 . Royal D(a3.222). Royal Dteh(rts, St Jos Leaa(13). StL & SanF'(18). StL&SanF pf(6) s | StL&Southwest. ) Schulte (J3%). Schulte p£(8) Seagrave(el.20). Sears-Roe(32%) Seneca Copper. . Shattuck FG(2). Shell Un(1.40).. Shell Un (rts).. Shubert The(5). Simmons Co(3). SimmsPet (1.60) Sinclair Oil. ..., Skelly 0i1(2).... Snider Packg Co SoPoRicS 2% South Calif Ed.. South Dairies A. South Pac(6) South Ry(8).... SouRyM&O cfs 4 Spang Chalfnt. Spiegel Co (3). Std Com To(f1 StdG&E (3% Std Milling (6).. Std Millg pf(6). Std O of Cal(t3) StdOIINJ (11%). StdOINY (1.60; Std Plate Gla: StdSanPro(1.68) Staniey Co.uuens Stewart-War(6) Stromberg (3).. Studetaker (5). Submarine Boat. Sun Ofl (81)...o Superior Oil. Superior Steel. Symington Cl A.. Tenn Copper(1). Texas Corpn(3). Texas Corpn rts TexasGulfSul(4) Tex Pac C & Oil. Tex Ld Tr(new) Thatcher Mfg. .. The Fair(2.40).. The Fair p£(7). . Tidewater AsOil TidewatrO(80c) Tide W Ol pf(5) Timken R B(6). Tobac Prod (8). Tobac Prod A(7) Transcont Oil... Transue & W(1) Trico Prod(3%). Truscon (£1.20). Twin CityRT (4) Undwd-EL F (4). Un Bag & Paper. Unilon Carb(. Un 011 Cal(2) Union Pac(10 Un Pacific pf(4 Unlon Tank(5) Utd Biscuit 1, Utd Cigar St( Utd Elec Coal... Utd El Coal (rts) Utd Fruit(15%). US Cast Ir P(2) US CIP 2d 1.20... U 8 Distributing U S Distrib pf(7) U S Hoffman(4). U S Alcohol (5) U'S Leather. ... U S Leathr A(4) S Realty(4).. Rubber Rub 1st pf.. Rubber (rts) Smelt(3%).. Sm pf(3%). Sm&Ref rts. s s s s s S Bl U S Steel pf(7).. U S Tobacco(3).. Unlv Pipe & Rad Vick Chem(4)... Victor Talkg(4). Va-Caro Chem. . Vir-CarCh pf(6) Vivaudou Co.... Vulcan Detin. .. Vulcan Detin(A) Wabash........ Wabash B(5)... Waldorf(1%)... Walgreen pf 6% Ward CI A(8)... Ward Baking B.. Ward Bak pf(1). Open. 50w 3 100 29% 220 17 182% 93% 1% 123% 28 343 61l Steel(7).... 156 141% 99 21 39% 93% 82% 145% 84 % 1% % 1 N . High. Low. Close. 521 50% b52% % 72 2% 102% 100 101% 32% 29% 324 220 213% 217% 7% 117 117% 18215 186'% 93% % | Woolworth(5) 93 25% 105 T4% 1% 17% 1 %% % 9% g ,'atmnsphere of holiday good cheer pre- THE EVENING STAR, WASHINGTON, D. C, MONDAY, DECEMBER 24, 1928 MARKET IS BULLISH ON EVE OF HOLIDAY Mail Order, Merchandising and Rubber Stocks Lead in Advance. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 24—An| vailed on the Stock Exchange today. Most stocks sold higher in price and those that reacted did not lose im- portantly. Altogether on the eve of Christmas there was a much better feel- ing for the bulls than had seemed pos- sible a fortnight ago. It was the mail order and merchandis- ing stocks, the rubbers and the motors | which led the upturn. Heavy profit | taking came into the copper stocks fol- | lowing the announcement that Aana- | conda had been placed on a $6 annual ; dividend bagis. The Street had ex- pected not only $6 regular but some- | thing in the way of an extra, and the | stock was freely offered when the news ' ;Tnll: out, reacting 3 to 4 points from its igh. But that was a minor matter. It was offset largely by the extraordinary strength in Goodyear Tire & Rubber, a stock which had gone up nearly 17 | points last week. Closing at 120 Sat- | urday it was selling almost 10 points higher before noon today. Goodrich gained nearly 3 points in the same time and even United States Rubber was in | demand. | In the merchandising group National Bellas Hess starred with a rise of some 15 points to a high record. Macy jumped more than 7 points. Sears Roebuck was very strong. It opened on a block of 12,000 shares at 175, up 612 points, and extended the gain 5 points more in the later trading. The motor stocks all worked higher. | Chrysler was the leader with a rise of 5 points as it crossed 126. Packard, Hupp, and especially Hudson, were ac- tively bought at advancing prices. The recovery in Mack Trucks continued. Plerce-Arrow “A” sold at a new high for the year, In the accessory list Timken Roller Bearing improved. Industrial specialties which partici- pated in popular fayor included Na- tional Biscuit and Columbian Carbon. ‘The latter rose more than 7 points to a new high. American International also set a new peak price. Money renewed at 9 per cent and. while the banks called $10,000,000 in loans early in the day, the supply was adequate. Wall Street Briefs Sales of incandescent lamps in the’ United States in 1928 totaled approxi- mately 319,000,000 large size and 240,- 000,000 small lamps, John Liston of the General Electric Co. reports. This ! is an increase of about 1,500,000 in the large sizes and 20,500,000 in the small sizes over the previous year. ‘The Soviet commissariat of trade has deposited with the Deutsche Bank the second payment of $8,568,000 due De- cember 31 on the German $71,400,000 long-term credit extended to the Soviet economic organizations. ‘World shipments of plantation rubber for the 10 months ended on October 31 totaled 445,484 tons, as compared with 470,628 tons shipped in the corre- sponding 1927 period. Atchison, Topeka '& Santa Fe has ordered four 4-8-4 locomotives, Railway Age reports. Wabash has ordered 35 single sheathed automobile cars; Great Northern, 200 general service cars; Pa- cific Fruit Express, 600 steel under frames; Chicago & Eastern Illinois, 200 automobile cars; Boston & Maine, 500 hopper cars; Fruit Growers’ Express, 196 under frames, and Great Northern, 6 dining cars. Aviation companies in the market for their first financing report the bulk of this has been placed through consumer ownership, Most of the stocks have been priced within the means of the average small investor. This, it is claimed, has been a big factor in sus- taining public interest in commercial aviation. United Electric Coal Companies of Danville, Ill, has under construction what is claimed to be the world's largest shovel for installation in the open pit mine at Duquoin, Perry County, Iil. B. Kuppenheimer & Co., Inc., of Chi- cago, reppp:m net profit of $614,893, equivalent to $5.28 a share, for the year ended November 3, against $768,852, or $6.64 a common share, in the year ended October 29, 1928. The volume of business in electrical equipment, taking the country as a whole, is above average for this season of year, Electrical World reports. Good orders were placed in the past week by power companies in Eastern, Central and Southeastern sections. In New England trade was only moderate. De- mand has expanded in Middle West. DIVIDEND DECLARED. RICHMOND, Va., December 24 (Spe- cial).—The Richmond Radiator Co. has declared the regular quarterly dividend of 871, cents on preferred stock, pay- able January 15 to stock of record De- cember 31. BOND ISSUE APPROVED. ‘The Interstate Commerce Commission has approved the application of Atchi- son, Topeka & Santa Fe Rallway for issuance of $30,204,000 20-year 4’2 per cent convertible debenture bonds. 129% 5T 40% Warner Bros Pie 127 Warner Bros pf. 56% Warner-Qu(2) 40% Warren F&Pipe. 26% ‘Warren 1st pf(3) Web & Hell..... Wesson Ofl (4).. W Penn El pf(7) West DairyA(4) West Dairy B... West Maryland. West Pacific pf.. West Union(8).. Westhse A B(2). Westinghse(4).. Westhse 1st(4). White Eagle(2). White Mot(1)... White Sew Mach Wilcox Oil & G.. Willys Ov e1.20. Willys-Ovd pf 7. Willys Ov (rts). Wilson & Co.... Wilson & Co pf.. Wilson Co pf A.. 125% 125% 55% 554 40 4 26% 24% 213% 215% 50 50 74 257 Worthn Pump. .. Worth Pump(B) 74 Wright Aero(2). 253 Yale&Twne(15) 62 Yellow Truck... i Young Spring... 50% 51% Youngstn Sh(5). 103% 103% 108% Hourly Sales on N. ¥. Market. 10:30 a.m.. 840,000 12m... 1,644,500 1:30 p.m. 2,511,300 2:15 p.m Divi LR Sy 0 atare e latest auarterly ‘or m-n.&u declarations. 1, PaThly exira: 3 Bius % I ook, + Ei :!l.n*ro’ Tod atock" % Plus 1735 In stotk: Soletn Sioer’ % Phis ble W] e 10% in / FINANTIALDY Complete Investment and Brokerage Service Copy of our “Fortmightly Review” furnished om request G. M.-P. MuRrPHY & CO. Members of New York Stock Exchange 1508 H Street Connecticut at K WASHINGTON, D. C. Telephone Main 9.9 New York Private Wire and Telephone to New Yook Richmond Equitable Co-operative Building Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 49th YEAR COMPLETED PP ..$5,513,051.63 Surplus & Profits......$1,601,704.98 | Subscription for the 96th Issue of Stock Being Received Invest Your December Funds Systematically in the Equitable THERE'S no better way to accumulate money than by saving in the Equitable. Our systematic plan of sav- ings is being used by thousands of thrifty Washingtonians. Are you one of them? Come in and let us explain. 915 F St. N.W. B ———————— APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent suburbs in Montgomery and Prince Georges Counties, Md. 52% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA Main 8100 1001 15th St. N.W. onal Metropolitan B Oldest National Bank in District of Columbia 15th St. Opposite U. S, Treasury Throughout a Century 3% on Savings —and more, this bank has kept faith with depositors, and looks back, with satisfac- tion, upon an important role, well played, in the develop- ment of Washington. Are you using “Metropolitar” facilities? Don’t Mark Time This January January funds that stand idle while you select a new invest- ment mean January days of loss. Make reservation now to invest, the minute your funds are free, in the 6% First Mortgage Notes offered through Swartzell, Rheem & Hensey Company— and thus solve your re-invest- ment in advance. The 6% First Mortgage Notes on improved Washington prop- erty which are purchasable through Swartzell, Rheem & Hensey Company combine the highest degree of safety with a most attractive yield—and they are offered by an organization which has given 59 years of service without a loss to an in- vestor. SWARTZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET ~.w./ WASHINGTON D.C.