Evening Star Newspaper, December 29, 1928, Page 20

oy *® Money to Loan Becured by first deed of trust on real estate. Prevalling interest and commission. In Nearby Virginia 51/2% lnf:rufne::“ (l:o. Loans Commonwealth Investment Co. 917 15th St. N.W, Pho Main 2623 WE FINANCE —all classes of income-producing property Large Loans a Specialty Current interest rate and commitssion. Higbie & Richardson, Inc. 816 15th St. N.W. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Eepresenting Mutual Benefit Life Ins. Co. 1520 K Street Main 475 Geo. Y. Worthington | & Son Real Estate Mortgage Loans 403 Wilkins Bldg. Announce That After Many Years of Service | Mr. Geo. Y. Worthington, Sr. Wishes to Retire From Active Business H'ncu!emms Office with it at 403 Wil- kins Bldg. ‘The business will be continued un- der the same name by Mr. Geo. Y. ‘Worthington, Jr. Geo. Y. Worthington and Geo. Y. ‘Worthington, Jr.. take this occasion to sincerely thank their many friends and clients for past relations, and to assure them that the Firm wishes to continue to serve their interests to the best of its ability. Mortgage Loans Avplications invited for first trust loans at 514% INTEREST Neo raisal fees Prompt attention W. H. WEST CO. Founded 1894 H 1519 K Street Main 9900 Consult Us First If you need money for our Real Estate financing et us have your application today. Prompt Service No Appraisal Fee The Commercial National Company Incorporated Paid up Cash tal, $900,000 Ny 1 Ba; Cl-u-d“‘..“::dl d ok Blds. COMPLETE FINANCING '"FINANCIAL,' BANKERS COUNCL ADOPTS BELANS Important January Meeting Planned—Gas Company Has Gain in Net, BY EDWARD C. STONE. Adoption of the by-laws of the new- ly formed Safe Deposit Section of the District Bankers' Association was voted at the meeting of the council of ad- ministration yes- terday _afternoon, Robert V. Fleming presiding. It was also voted that the January meeting of the association be held in the evening at a local hotel and that one or more prominent bankers be asked to ad- dress the gather- ing. The council also discussed at considerable length various plans in connection with the next1 annual con- vention, General Chaiman ©. H. oA Pope being present and outlining some of his aims in connection with this important event. All members of the council were present. Bank Improvements Completed. Improvements which have been quietly carried on for several months in the Merchants Bank & Trust Co. have been completed to the satisfaction of President Peter A. Drury and other offials. The most Tecent changes were the moving of the entrance from the corner of H and Fifteenth streets to the center of the H street side of the banking lobby and the conversion of the corner space into a ladles’ room, completely furnished and having its own teller’s window. In the rear of the banking rooms a handsome stairway leads to the mezza- nine. Back of this stairway the safe deposit department is located and an- other stairway leads to the vaults in the basement. The trust department and treasurer’s office are located in the mez- zanine and the real estate department now has ample space for its activities. This department was organized in 1922 and has enjoyed substantial growth. Other officers assisting President Drury in guiding the bank’s destinies include Rolfe E. Bolling, vice president; Frank P. Harman, jr, vice president and secretary; Frank E. Ghiselli, vice president; L. E. Schreiner, vice pre: dent; J. L. Sherwood, vice president; Ernest Gerstenberg, vice president; H. J. Donoghue, treasurer; B. Ashby Lea- vell, trust officer; Wade H. Ellis, coun- sel; W. G. Baden, Henry S. Wattles and W. Clarks Vernon, assistant treasurer. Georgetown Gas Co. Reports. According to the report for Novem- ber filed with the Public Utilities Com- mission by the Georgetown Gas Light Co., net corporate income for the month was $12,500.08, a gain of $2,792 over November, 1927, Operating revenues were $83,421.87, an increase of $12- 523.03, and operating expenses amount- ed to $62,811.41, compared with $54,- 340.74 a year ago. Taxes reached and operating income was $15,443.2 an increase of $1,907.37 over Novem. ber last year. Gross corporate income amounted to $17,563.60, against $14,- 521.83 a year ago. For the 11-month period ended No- vember 30, operal Tevenues aggre- gated $798,044.01, which was $101,- 780.31 in excess of the figure for the same months of last year. Operating expenses were $608,190.33, compared with $537,956.40 in 1927. Taxes amount- ed to $48,389.87, and operating income, $141,464.86. Gross corporate income reached $158,898.16, as against $138,- 587.70 a year ago. Net corporate in- come, after deductions for interest, amortization of debt and miscellaneous was $104,937.56, a gain of $18,024.49, A. B. A. Council Date Settled. ‘The next executive council meeting of the American Bankers' Association, which is held in the Spring each year, has been set for April 15-18 at the Drury. . TRUST MONEY On homes, apartment buildings and business properties. No apprai- sal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Mai 3 | First Mortgage lfld Construction Loan Applications Invited at 52% Glover & Flather 1508 H St. N.W. Main 1753 Title Insurance protected by Millio fillions (The assets of the New York Title and Mortgage Company, New York.) Our Title Insurance Policy safeguards against every defect without pro- visos of any kind, Call or write. Capital Title and Guarantee Company Edgewater Gulf Hotel, Edgewater Park, Biloxi, Miss., it is announced by F. N. Shepherd, executive manager of the or- ganization. The executive council meeting, next to the annual convention of the asso- ciation, is one of the largest and most important national gatherings of the year among bankers. The council is composed of representatives from all parts of the country prppertionate to banking membership in the assoclation in each State. It transact a large part of the adminis- trativ: business of the association and to receive reports from all the divisions, sections, commissions and committees of the general body. Robert V. Fleming, president of the District Bankers' Association, will rep- resent Washington at these sessions. C. & P. Directors Vote Improvements. The board of directors of the Chesa. peake & Potomac Telephone Co., at its regular monthly meeting here yesterda; authorized additions and improvemen to the telephone S{Stem in the District of Columbia, invoiving expenditures of $451,875, for the providing of facilitiss to meet the demands of the public for telephone service. The plant to be placed, according to an announcement made by Chjarles T. Clagett, feneral commercial representa- tive, includes additional equipment in all central offices, improvements in the toll central office and outside plant ex- tensions in Wesley Heights, in the Cleveland central office area and un- derground conduit and cable additions in the North-Potomac-Decatur central office area. Cable relief will also be pro- vided in the western section of the Adams-Columbia area. The board of directors include: Charles J. Bell, E. C. Graham, John Poole, B. F. Saul, Albert E. Berry and D. 8. Porter, Washington, D. C., and W. 8. Gifford and E. S. Wilson, New York. Southern’s Estimated Earnings. Net income of Southern Railway Co. for 11 months ended November 30, 192¢, is estimated at $16,770,000 after taxcs and charges, equivalent, after allowing for dividend requirements on 5 per cent preferred stock, to $10.78 a share earned on 1,300,000 shares of common stock. This compares with $20,201,000, g;zglfl.u a share, in same period of November net income is estimated at $2,151,000 after taxes and charges, against $1,995,000 in November, 1927, Timely Financial Notes. The newly organized fiduciary sec- tion of the Bankers' Association will hold a special meeting on PFriday, Jan- uary 29, at the Willard, with Reuben A. Lewis, deputy manager of the trust companies section of the A. B. A., as guest speaker, according to announce- ment by B. L. Colton of the District National Bank, dinner committee chair- man, The Norfolk & Western Railway has declared the regular quarterly dividend of $1 on adjustment preferred stock, payable February 19 to stock of record January 31. The Federal Trade Commission has dismissed its complaint against the Na- tional Cash Register Co,, charging un- fair competition through disparagement of a competitor and its products—the Remington Cash Register Co, The American Ice Co. through its New York subsidiary, Knickerbocker Ice Co., has acquired three plants on Long Island—Nassau Consumers’ Ice Co., at 1425 Eye St. N.W. Phone Franklin 3900 Oceanside; Ueblacker plant, at Lyn- brook, and Garrett Bush & Sons, at Hempstead. e company’s operations Long Islafiu are now handled by 18 '$5,167.23 last month, | A" THE EVENING Open. High. Low. Close. 40% 41'a 40% 41% 85% 854 84% 84l 124 115 121 33 33 Abitibi Power. .. Aoitibi Po pf(6) Abrahm&Straus 115 Adams Millis(2) 33 Adv Rumley.... 42% Adv Rumley pf.. 57 Ahumada Lead.. 3% Air Redctn (13). 984 Ajax Rubber.... 10% Alaska Junea... 84 Albany Papr(2). 24 Alliance Rlty t3. 85 85 85 Allied Chem. ... 2521 252% 219 247 Allis-Chalm(7). 197 197 195 195 Amal Leather... 10% 104 104 10% Amerada(2).... 87% 38% 3T 37% Am AgriculChm 21 21 20% 20% AmAgriChpt.., 72 172 12 T2 Am Bank N(13). 127 128% 125 125 Am Beet Sugar. 16% 164 16 16% Am Beet Sugpf. 504 50% 504 504 Am Bosch...... 41% 41% 41% 41% Am BrSh(J1.60) 47% 48 4T 47% Am BrownBov.. 16% 15% 15% 16% AmBrownBopt 50 50 50 50 Am Can (14).... 110% 111% 109 109% AmCar&Fdy(6). 94% 951 94 95l AmC&Fpf(7). 118 118 118 118 AmChicle (2).. 49 49% 48% 48% Am Drug (60c). 10% 11% 10% 114 Am EncauTil(3) 831 8315 83 83 Am Express(6). 288 288 283 288 Am & For Pow.. 77T% 83 77% 814 Am&ForP pf(7) 106t 106% 105% 105% Am&ForP2d7. 96% 96% 96% 96% Am Hide & L pf. 37% 3% 3T Am Home Pr(3). 77 76 76 Am Ice (3)..... 42 4% 41% Am Internatl(2) 146 146 1431 143% AmLaFr&Foam 7% 7% Ty Ty Am Locomot(8). 108% 1084 107% 108% Am Metals(3).. 61% 6214 61% 613 Am Metals pf(6) 115% 115%4 115% 115% AmNatGaspf? 97 97% 97 9% Am Piano. 13 13 13 82% 81% 82 1% T T 71 10015 1004 100% 100% 2 82 82 g2 187 37% 7 42 AmP&L pfA21;, AmPo&Lt pf(6)) AmP&Lpf sta 5. Am Radiator(5) 187 187 187 Am Rad pf(7)... 1424 142% 142 142% Am Republics... 61% 621% 61% 62% Am Saf Raz(r0). 67% 67% 67% 6714 Am Seating(3).. 34k 341 34% 341 Am Ship & Com. 3% 3% 3% 3% Am Shipbldg(8). 911 91% 91% 9115 Am Smelting(8) 281 29213 281 29215 Am Smeltgnew. 94 98% 94 9Ths AmStl Fdys(3). 67% 67% 65% 67 Am Sugar...... 86% 874 86% 87% Am Sumat (n3). 55 56% 556 56% Am Tel & Tel(9) 192% 192% 190% 191% Am Tobacco(8). 1774 17814 176% 176% Am Tobac B(8). 177% 177% 177% 179% Am Type pf(7).. 110 110 110 110 AmWWEEl(cl). 69% 69% 68% 68% Am Woolen..... 27% 21% 27% 274 Am Woolen pf.. 57% 59 57% 59 Am Writ Pactfs 13% 134 13% 13% Am WritPa 6 pf 4215 4215 42 42 Am Zine... 43% 44 427 43% Am Zinc pf, 106 106 104% 104% Anaconda C (6). 116% 116% 115% 116 Anchor Cap, 652% 51% b651% 108 108 108 52% 51 5244 102 102 102 114 114 114 92 91 91% 18% 184% 18% 9% 9% 9% 811 81 81% 39% 39 39 Andes Copr 75¢. . Archer-Dan(3).. 102 Arch-Dan pf(7). 114 Armour Del p£ 7. 91 Armour Ill(A).. 184 Armour III(B).. 9% Armour Ill pf(7) 81 Arnold Con & Co 39% Artloom(3)..... 29% 29% 29 29 AssoDryG(2%). 64% 65% 64% 65 Atchison(10)... 195% 195% 195% 195% Atch T&S Ferts 2% 25 25 2% Atchison pf(5).. 103% 103% 108% 1031 AtlGulf & WI.. 40% 41 40% 40% AtlGulf pf(3).. b5% 55% bdl bdl Atlantic Ref(1). 63% 63% 62% 63% AtlasPowder(4). 112% 113% 112% 113 Austin-Nichols.. 6 6 6 6 A NJ 33 34 33 usti; ich pt.. 61% 61% 61% 61% 256% 256% 25 25 Bald Loco pf(7). 116% 116% 116% 116% Balto & 0(6). 119% 120% 119% 120 Bang & Ar(3% 65% 66 65% 66 Barker Bros(2). 20% 29% 29% 29% Barker pf(63%).. 91% 9214 9N% 92% Barnet Leather.. 25 26 24% 24% Barnet L pf(7).. 75 % % 5 Barnsdall A (2). 41 41% 40% 40% Bayuk 1st p£(7). 106% 106' 106 108 eacon Of 21% 21% 21 21% 100% 100% 97% 97K 124 12% 12 12 88% 90% 88% 90% 86 85% 84% 8d% Bloomingdale... 43 43 43 48 BonAmiA(4).. 81 83K 81 82 Borden Milk(6). 184 1844 178% 1783 Boston & Maine, 90 90 90 90 Botany Mills (A} 156 15 15 15 Briggs MfgFCo. 57 57 56% b56% Brockwy Mot(4) 68% 6€9% 68% 694, Bklyn-Man(4).. 72 72% 71% 717 BklynUnGas(6). 184 181 184 184 BrownShoe(2%) 46 46 45% 45% Brunswick B(3) 52% 521 51 51 Brunswick Ter.. 39% 394 384 38% Bucyrus(1).. 367 36% 35% 35% Bueyruscv(2i%) 46 461 4% 461 Burns Bros(B).., 33 33 33 33 Burroughs(14).. 246 245 245 245 Bush Term(g2). 79% 83 9% 82 Butte Cop & Zina 9 8% 8% Butte & Sup(2)., 9% 9% 9y Butterick Co, 39% 40% 39% 40 Byer &Co...... 190% 190% 1591, 189% Byer &Copf(7), 118 118 11714 1174 By-Prod (13%). 104 108 104 106% Callf Pack(4) 6% 5% Callahan Zine.., 8% 8,‘ 7;,‘: 7;: Calu& Ariz(17). 121 121 121 Calu&Hec (2%). d4% 45 44% 45 CanDry (t43s). 80% 80% 79% 80 Can Pacific(10). 235% 2374 23415 2343 Canon Mills 2.80. 441 44% 44 44 Car CI&O sta(5). 101% 101% 101% 101% Case Threshg(6) 470 480 470 472 Cen Aguirre As.. 38% 38% 384 3814 Cent Alloy(2)... 46% 47 46% 46% Century Rib M., 204 20% 201 201 Cerro de Pas(5). 111% 111% 110% 110% Certain-teed Pro 28% 28% 28% 28% Chandler-Clev.. 201 20% 201 20 Chandler-CIpf.. 364 364 3614 3614 Ches & Ohio(10) 215% 217 214 2151 C&O Corpn(3).. 178% 8% 7 Chi& Alton. . 12 Chi & East 111 61% Chi Great West.. 19% Chi Gt West pf, Chi Mil & St P, Chl Mil & StP pt Chi & Nwn(4%). Chi Pne Tool(6). 168 Chi RI&Pac(6) CRI&P pt(7) Chi Yel Cab(3) Chickasha(3) Childs(2.40). 34 Beecn-Nut (3). ing-Hemwy . Best & Co(3).... Bethlehem Steel. 17 8014 Y 170 4 130% 130% 130% 106% 108% 106% 31 31" "gy 2. 69 T 132% 130% 13114 108 10 0 Cluett-Peab(5). 72 72 2 Cluett-Pea pf(7) 115 Coca-Cola(6)... 169% Collins & Alkmn. 50% Col & Aik pf(7). 93 Col Fuel & Iron. 69% Col & Southn(3) 115 Col Sou 1st(4)., 176 Col Gas & E1(5). 135% Col G&E pfA(6) 107% Columbia Graph 7515 Col Carbon(4)., 122 Com Cred(1).... 60% Com Cristpf 6% 10414 Com Inv Tr(14), 126 Com Inv (war).. 27% Comm Solv (j8). 231 Com Power(13). 102% Conde Nast(2 2 Congoleum-; Cong Cgrs (5) Conley Tinfoil. Consol Cgrs (7). 96 Con Film pt(2). 25% Consol Gas(5).. 108 ConsolGaspt(5). ConRRCuba pt 6 Consol Textile. . Container A 1.20 Container B 60c. Cont Baking A.. Cont Baking B.. Cont Bak pf(8).. Contl Can (n)... Cont Insur(). .. Contl Mot (80¢). Corn Prod (1%). Coty, Inc (123%) Crex Carpet.... Crown Zelrbek 1 Cruc:ble Sti(5). Crucible pf (7. CubaCaneSuga Cuba Cane Su pt 1 138% 135% 137 107% 107% 107% 76 4% 6% 123 121% 123 61 59% 60 104% 102% 103 126% 124'% 125% 2T% 274 27% 233% 231 232 105 102% 1041 88 Tip . (8 2T%h 2% 2Th% 9% 80 2% 80% 1% Cutlr-Ham(3%) Davison Chem. . Debenhms(2.91) Deere&Co pf(7). Del & Hud(9)... Del L & W(17).. Den RG Wn pf. . Diamond M (p8) Dome Mines(1). Drug Inc(4).... Dunhill Int ($4). Dupont (1181). Duq Lt 18t(5). .. Durham Hos p! Eastman(18)... Eaton Axle (3). 4 Bisenlohré&Bro. . Eitingon(2%). . Eitingn pf(6%) . Elec Auto-Lt4%; Electric Boat... ElecPow&Lt(1). Elec P&Lt pf(7) ElecStoBat(f5) . Em Brantgm(A) End-John(5).... Eng Pu Ser(m1) Eng Pu S pt(5). Equit Bldg(2) ErieRR... Erie 18t pf. Erfe2d pt...... Eureka V(t%).. Fairbanks(3)... FedLight(h1.40) Fed MotT(f80c). Fidelity-Phoenx First NatS(1%) Fisk Rubber.... Fisk R 1st pf ev. Fleischman 3% Florsheim (A).. Folansbee (2).. STAR, WASHINGTON, D. Open. High. Low. Cl'?;'- 634 63 59 38 124 1893% 120% 54 15614 10% 117% 92% 498 101 36 188Y% 59% 9874 59% 3814 12414 189% 130% 54 157 9% 500 101 36 1884 59% 12% 48% 105% 10614 4% Foundation Co. . _ 53 Fox Film A(4).. Freeport (16%4). Gabriel Snub A.. Gardner Motor. . Gen Am Tnk(4). Gen Asphalt. Gen Cable. . Gen Cable A(4). Gen Cable pf(7). Gen Cigars(4).. Gen Eelectric 16, GenElec sp(60c) Gen G&EL A(12) Gen Mills (3)... Gen Motors t9 Gen Mot (New) Gen Mot pf(7) GenOutdrAd(2). Gen Outdr Ad(4) Gen Ry Sig(5).. Gen Refrac(s).. Glllette S R(e5). {mbel Bros. ... GImbl Br pf (7). Glidden (11%).. Gobel (Adolph). Gold Dust (5)... Gold Dust (new) Goodrich(4).... Goodyear Tire. . Goodyr 1st pf(7) Gotham($23).. Gothamn v 3214 Gould Coupler A Graham-Paige. . Grhm-Paige cfs, Granby (6)..... Grand F&W (1), Grand Unon..., Grand Un p£(3). Grant W T (1).. Grt North pf(5). Gt Nor pf cfs(5) Gt NoOr cfs 2% . Grt Wn Sug 2.80. Grt Wn Su pf(7) Greene Cana(§) Guantanamo Su. Gulf Mo & Nor Gut Stat Sti(4 Hartmn B(1.20). HavEl Ry pf(6). Hershey Corp. .. Hershey pf(4).. Hershey pr pf(6) Hollander & Son Homestake(17).. Household (14) Houston Oil...,. Howe Sound (4).. Hud Man(24).., Hudson Mot (5) Hupp Mot (£2).. Illtnots Cen(7) Ind O & Gas (2 Indian Mot (1) Indian Refinin Internat Agri... Intl Bus Ma (c5) Int Cement(4). . Int Com Engi2), Int Comb pf (7). Int Mer Mar pf.. Int Nickl of Can, Int Paper(2.40). Int Pa&PoA2.40. Int Papr & Po B. Int Papr & Po C. Int Pa&Po pf(7) Int Preg Ink 2%. Int Ry CA pf(5). Intl Salt()... Int Silver. .. Int Tel & Tel(6). Int Tel & Tel rts Interstate DS.. Intr Dep 8 pf 7 Intertype(t1is Island Creek(4). Johns-Manv (3 Jordan Motor.... Kan City South.. Kan C 8o pf(4) Kelly-Spring Kelly Tire 8% K Kennecott (8) Kinney (G R). Kolster Radio. .. Kraft-Pho(132). Kraft (rights).. Kresge(71.60).. Kresge Dept 8., Kreuger & Toll. Kroger Gro(el) . LagoOfl........ Lambert Co (7). Lee Tire & Rub. Leh PorCmt 2% LehighVal(3%). Lehn & Fink(3). Life Sav(1.60).. Lig Myers(t5). . Lig & Myrs B 15 Lima Locomtve. Liq Carb( t4%). Loew's Inc (13). Loew’s pf(6%).. Louisiana Oil., Louis GasA 1.75. Louis & Nash(7) Ludlum St1(2).. LudlumStl(rts). McAndrews 2.60 Me Call Corp(4). McCrory A(2)... McCrory B(2). . McKeespt Tin Pl McKes&Ro 1.60. McKsn pf A 3% Mack Truck(6). Mackay pf(4)... Mad Sq Gar 1%. Magma Cop (4). Mallison & Co... Manati Sugar pf Mandel(21).... Man El m2g(d5) Man Shirt(2)... Market St prior, Market St pf. ... Market St 2d pf. Maracaibo Oil... Marlan Oil...... Marlin-Roc 3% Marmon Mot (4) . Cuba Company.. Cuba R R(4.80). Cuban Am S(1). Cuban Dom Sug. Cudahy Pkg(4). CurtiesAero(d) . 145 9% 16 5% 65 65l 1404 246 15% 5 % A43% Mathieson(6). .. May Dept 8(4).. Maytag (18).... Maytag p£(3). Menge] Co...... Mengel. D 103% 134% 63 b58% 38 124 188 130 130% 54 54 1561 157 10 10 117% 117% 92% 93% 497 500 101 101 36 36 183 183 59 59% 98 99 37% 3% 112 121 131% 134 12% 124 47% 48% 105% 105% 86% 864 584 38tk 1241 188 105% 105% 72 73 82% 6644 53% 94% 48% 23 15% 98% 65% 53 91 487% 23 15 218% 218% 11 11 69 69 81% 854 194% 195 8% 79 126 126 32% 32% 51% b5l 98% 98% Tl % 53 54 139% 140 0% 0% 100% 100% 130% 131 108 103 79 79 2% 2% T T 50% 50% 4% 44n% 884 881 87 87 31% 31% 53% 54% 15 115 4 109% 110% 47% 8% 38% 2 85% 224 37l 122% 0% 180% 237 56'% 945 63% 121% 30% 130% 23% 55% 941 63% 38 92% Macy Co (2).... 1 2 179% 184 106% 107 295 29% 37 37 116% 116% 172% 172% A% 4y 50% 50% 68'3 68% 35% 364 56 56 66% 66% B3k 834 104% 104% 20% 20% 75 7 4% T4% 954 69% 54% 6% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Mexican Seab... Miami Cop(1)... Mid-Continent. . Middle States Mid States ctfs. . | Midland pf(t12) Miller Rubber. .. Minn StP&SSM. M St P&SSM pf. Mo Kan & Tex. . Mo K&Tex pf(7) Missour{ Pacific MoPacific p£(5) . Mohwk Car 2% . Montgom Ward. Moon Motor. ... Mother L (40c).. Motor Meter A.. Motor Prod(2).. Motor Whi(12% Mullins Mfz.... Mullins pt (7).. Munsingwr(3). Murray Corp.... Nash Motrs(16). Nat Acme(sta).. Nat Bellas Hess. Nat] Biscuit(t7) Nat Cash Reg t4 Nat Cash Rrts. Nat Dairy ($3) Nat Dept Store: Nat Ld pf B(6).. Nat Pow&Lt(1) Nat Radiator, Nat Ry Mex 2d.. Nat Supply (18). Nat Tea(4)..... Nevada Cop (2). N Y Afr Br(3)... N Y Central(8).. N Y C&StL(6). N'Y C StL pf(6). N¥ Dock....... NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn. N Y Stm pfA (7). NorfolkSou 13% Norf & Wn(110) NorAm b10%stk No Germn Lloyd North Pac(5)... Nor Pac efs(5). Norwalk Tire... Nunnally Co.... 011 Well Supply. 0il Well S pf. Omnibus. Omnibus pf(8 OppmCollins(f4. Orpheum pf(8). Otis Elevatr 18 Otis Steel Outlet Co Owens Bot (c4). Pacific Coast.,. Pac Coast 1st. .. Pucific Gas(2).. Pacific Mills. ... Pac Ol Stubs. ., Pac Tel & Tel(7) Packard M 15%. Pan-Am Petrolm Pan-Amer Pet B. Pan-Am Wn B. ., Panhandle. . Paramount-F-L Park & Til(33).. Park Utah(80c). Pathe E: Pathe Ex(A). Patino M(2.92, Peerless Motol 107% 84 184% 184% 21% Ya 53% 321 39% 18 7 161 41% 4 4% % 8% 95 95% 24 44% Penick & Ford Penn C&Coke. Penn Dixie Cm! Penn RR(3%) Pere Marq(18). Pere M prior(5) Phila&RC&I. Phil Morris(1).. Phillips Pet (2) Plerce-Arrow Plerce Petrolm. . Pillsbury (12.10) Pillsbry pf(6%) Pitts Coal...... Pitts Term Coal. Pitts&WVa(s). . Por RicoToA(7). PortoRicoTobB. Postum(3)... Prairie Oil&Gas. Pressed Stl Car. Pr Stl Car pt(7). Produ & Reflurs. Producers&R pf. Pub SerNJ 2.40 Pub SerNJpf(5). Pub 8 NJ pf(7).. Pub Serv pf(6).. Pub SE&G pf(6) Pullman Co(4).. Punta Aleg Sug, Pure Oil (1).. Pure Oil pf(8) Purity Bak(3) Radlo Corp. Reo Mot (11.70) Reynolds Spngs. 1 4) t 1 RhineWE(1.92), Richfield O11(2), Rossia Ins 161 . Royal Bak P(1). Royal D(a3.222), Royal Dtch(rts) Safeway (3)...q Safeway pf (6).. St Jos Leaa13). StL & SanF(18) . StL&SanF pf(6) StL&Southwest. Savage Arms(3) Schulte (j3%).. Schulte pf(8)... Seab Alr Line. .. 4 |Seab Afr Lipf... 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 O1l. Skelly O11(2 Sloss-Shef (6) Sloss-Sht pf(7). Snider Packg Co Snider Pkg pt So Po Ric S {2 South Calif Ed. . South Dairies A, South Dairies B. South Pac(6)... Std G & E pf(4). Std Milling (6).. Std Millg pf(6). Std O of Cal(13) StdOIINJ (11% ) SPIOIINY (1.60). Std P Glass pf. 6 Stewart-Wi Stromberg (3).. Studetaker(5).. Submarine Boat. Sun Oil (g1) Superior O11 Superior Steel. . Sweet of Am(1). Symington...... Symington Cl A. Telautogh(80c). Tenn Copper(1). Texas Corpn(3). Texas Corpn rts TexasGulfSul(4) Texas & Pac(5). Tex Pac C & Oll. Tex Ld Tr(new) Thatcher Mfg. .. Thatehr pf 3.60.. The Fair(2.40).. Third Avenue... Thomp J R(3.60) Tidewater AsOil TidewatrO(80c) Tide W Ofl pf(5, 615 9 Timken R B(6§ 148Y% 149 148 ‘Tobag Prod (8)., 101% 101% 100 Tobae Prod A(T) 411 411k 112 . Low. Close. 621 63 100 it SATURDAY, DECEMBER 29, 1928.° STOCK PRICES A N STRONG MARKET Selling Absorbed as List Moves Steadily on Side (of Advance. BY GEORGE T. HUGHES. Special Dispatch to The ln;“ it NEW YORK, Decem! . —En- couraged by the showing the market had made in the face of the money stringency, stocks today exhibited a generally strong tone. There was a good deal of selling by traders, who wished to even up accounts over the week end, but it was well absorbed. The important changes were still on the side of advance. General Electric was again a feature, setting a new high for the present shares and in effect for all time as it sold above 220. United States Steel was well supported around the 160 level. Chesapeake & Ohio, which had gone ahead so rapidly Friday, set another new peak for the year, and this time took Chesapeake Corporation along, al- though not to record levels. It was the buying in stocks of this callber which gave the market so impressive an ap- Dearance. Motors Active. More attention was paid to the motors in anticipation of the annual exhibitions. The low priced Jordan was taken in large blocks, up nearly two points. Chrysler forged ahead and Hud- son and Hupp were moderately higher. Willys Overland was the real leader. The turnover in this Was enor- mous and accompanied estimates that production for the year will set a new record. Johns-Manville crossed $200 a share for the first time. Wright Aeronautical had one of its characteristic run-ups of over 10 points. International Har- vester gained about as much and Radio went along with the others. Leader- ship of the public utilities rested in Columbia Gas, although Public Service of New Jersey held practically all of the remarkable advance it had-made yesterday. Among the rails Pennsylvania stood out within a fraction of its previous top. It attracted all the more atten- tion because Pennsylvania is normally a slow mover. The possibility of divi- dend increase was mentioned in con- nection with the buying. Coppers Are Strong. ‘The sugar stocks responded i larly to low, while Cuba Cane preferred was advancing.- American Sugar & Refin- ing was strong on the theory that divi-| dends will be resumed early in 1929. Copper stocks were strong, with American Smelting & Refining feature. Up over 10 points, at 290, it was at the highest in the history of the company. Anaconda and Cerro de Pasco advances and the others in the group were in good nine-month statement of Chile Cop per showed a net profit of $13.826,336, com- || pared with $8,367,977 in the first nine months of 1927. Markets at a Glance NEW YORK, December 20 (A).— Stocks strong; American Smelting crosses 200 to a new high. Bonds dull; Bethlehem Steel 6s and New York Tele- phone 6s in demand. Foreign e: mixed; sterling gains. Cotton inactive. Sugar quietly Coffee higher, European buying. T, e NEW YORK BANK CLEARINGS.| NEW_YORK, December 29 ( ). —New York bank clearings, $1,887,000,- 000; New York bank balances, $207,- 000,000; New York Federal Reserve credit balances, $140,000,000. Open. Hish. Low. Close. 124 12% , 12% 49 49 43% 42% 45% 45 90% Transcont Ofl. .. Transue & W(1) Trico Prod(2%) Twin CityRT (4) Undwda-E1 F (4) Un Bag & Paper. 34 Union Carb(6).. 195 Un Ofl Cal(2)... 51% Union Oil (rts).. 1% Union Pac(10 216 Utd Biscuit 48% Utd Cigar 8t(1), 23% Utd Elec Coal... 69 Utd Frult(15%). 142 US CastIrP(2). 44 US CIP 1st 1.20, USCIP2d 1.20.. U 8 Distributing U 8 Distrib p£(7) U S Hoftman(4). U S Alcohol(5).. USIndAlcopf(7) 1 U 8 Leather.... U 8 Leathr A(4) 43% 131% 125% 34 U 8 Rub 1st pf.. U S Smelt(3%).. US Sm&Ref rts.. USSmpf(3%). U S Steel(7).... U S Steel pf(7).. Un Leaf T pf(8). Unlv Pipe & Rad Utah Copper(12) Util P&L A(e2). Vanadium (T4).. Vick Chem (4).+0 Victor Talkg(4). Vietor pr pf(7).. Va-Caro Chem.. Vir-CarCh pf(§) Vivaudou Co.... Vulcan Detin... Vulean Detin(A) Walworth(1.20). Ward CLA(8)... Ward Baking B. Warner Bros Pie ‘Warner Bros pf.. Warner-Qu(2).. Warrn Bros (15) Warren F&Pipe. Web & Heil.,... Hell p£(7) n Oil (4).. W Penn EL p£(6) W Penn El pf(7) West P Po pf(7) West DairyA(4) West Dairy B... West Maryland, West Md 2d pt.. West Pagcific.... West Pacific pf. West Union(8).. Westhse A B(2). Westinghse(4).. Westhse 1st(4). Weston Electrio. White Eagle(2). White Mot(1)... White Sew Mach White SM pf(4). Willys Ov e1.20. Willys-Ovd pt 7. Wilson & Co.... Wilson Copf A.. 25% Wilson & Co pf.. 684 Woolworth(8).. 216 Worthn Pump... 50% Wright Aero(3). 266% 2 Wrigey ((13%). 74 Yale&Twne(15). 64% Yellow Truck... 41% Young Spring.. 52% 53 b52% b52% Youngstn Sh(5). 111 115% 111 115% AR 1 Partly extr s B Shoce i Sble in stock ¢ Plus 3% In siock. & Pay- able when earned, e Pavable in cash or tock. f Plus 3 tock, _g Plus 69z, i “stook, Iy 2% el 07 stock. k Plus 1/ 106K, m Pavable 1710 share anarier: 3153..4‘.&' a: Glares COmMOR Stock. ' Pk 64% irregu- || the lifting of restrictions in || Cuba. Punta Allegre made a new year || the || demand. The || FINANCIAL. STOCK EXCHANGE GAINS DURING YEAR ARE SHOWN 18] Special Dispatch to The Star. NEW YORK, December 29.—The New York Stock Exchange in its year book, just issued, shows that members have 1,192 branch offices in 347 cities, 42 States and 4 forelgn countries, Stock Exchange tickers in operation increased from 6,436 to 8,147 for the year ending October 1, and the number of cities | served by tickers increased from 163 to 9. ”'nuu ‘were 1,615 private telephones conne the trading floor with mem- ' offices, and the average number of 1 bor reached the huge total of $100,000,000,- | 000, an incret“l‘:ot $15,000,000,000 for | the year. | Safety of your principal and Notc $500.00, 51,000, and upwards. (Under the same management as A Suggestion l4th & G Sts. N.W,, R. GOLDEN DONALDSON, President First Mortgage Loans Lowest Rates of Interest and Commissior Thomas J. Fisher & Compasny, Inc LOANS Let us have your applications | “LOANS ON REAL | ESTATE ‘ Immediate Action Courteous Treatment Our record of 35 years speaks ' for itself. Percy H. 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