Evening Star Newspaper, January 4, 1929, Page 14

FIN ANCIAL.” THE. EVENING . STAR, WASH TON, D. C, FRIDAY, JANUARY 4, 1929. NOTES Secured by First Mortgages Safe—Conservative 41 Years’ Experience in financing homes and in the sale of these se- curities. Make your savings and surplus funds work for you at the highest inter- est rate consistent with absolute safety. Wm. H. Saunders Co., Inc. REALTORS Main 1016 TINTERNATIONAL PAPER COMPANY. N TR oW CYork. December 20ih. 1026, The Board of Directors have declared a quarterly aividend of sixty (60) cents & share, on the common stock of this com- . payable February 15th, 1920, to Com- Stockholders of record at the close of business February lst. 1929. Checks to be mailed. Transfer books will . e OWEN SHEPHERD. ice-President and Treasurer, REAL ESTATE LOANS 519 Homes, Apartments and Business Properti 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. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 Money for First Mortgages There ‘will be no tponing - of - action ere on your request for a loan with which to refinance a matur- ing mortgage or build a house, an apartment house or business prop- erty. And the money will be forthcoming imme- diately the application is approved. . Low Rate of Interest and Commission B. F. SAUL CO. DECLINE REPORTED INBANK DEPOSITS December 31 Figures Under October Call Due to Heavy Year End Withdrawals. BY EDWARD C. STONE. Controller of the Currency John W. Poole issued his first bank call today, asking for a condition statement from the local banks as of December 31, 1928. Eighteen of the first 25 local banks which it was possible to reath in the limited time before going to press, showed declines in deposits over the figures reported following the call of | October 3 last. Washington bankers had been pre- dicting a decline in total deposits on the last day of 1928 in comparison with the October figures, which shattered all | previous records in the Capital, so that | today's returns will cause little sur- prise. The main reason assigned by bankers for the decline is the large withdrawals of deposits at the end of the year tc avoid the personal tax placed on funds in the banks on January 1. Many de- positors curtail outstanding notes at this time, buy large blocks of Govern- ment bonds and make other withdrawals. Other Large Withdrawals Made. The payment of heavy Christmas bills also makes a dent in bank deposits of no small proportions. The payment of the Christmas savings club funds causes another drain, as much of this money has not yet been returned to the banks. It is expected, however, that within a few days deposits in Washing- ton will be back to the rema:'‘able figures of October, if not above them. Today's deposit reports show that all groups—national banks, trust companies and savings banks—fared about the same in the falling off in their total deposits. Some banks in all groups showed gains. For the first time the Riggs National Bank included the deposits of the re- cently merged Farmers & Mechanics National Bank of Georgetown in its totals. Riggs reported a gain today over the October 3 call. The Farmers & Mechanics reported deposits of Open. High. Low. Close. Abitibi Power... 41 41 404 41 Aoitibt Popf(6) 86 86'% 86 86% Abrahm&Straus 147% 152% 147% 150 Adams Ex pf(5) 96 96 6 Adams Millis(2) Adv Rumley.... Adv Rumley pf.. Ahumada Lead. . Air Redctn (13). Ajax Rubber. Aiaska Junea Albany Papr(2). 24% 24% Alliance Rity t3. 100% 100% 100 Allied Chem. ... 247% 249% 246% Aliied Cm pf(7). 121 121 121 Allis-Chalm(7). 190 190 189 Amerada(2).... 41 41% 40% Am Agricul Chm 21% 21% 21 Am AgriChpf.. 69% 70% 69% Am Bank N(13). 125 125 123% Am Bk N pf(3).. 60 60 60 Am Beet Sugar. 17% 17T% 1T% Am Bosch...... 45% Am Br 8h(J1.60) 4T Am Brown Bov. 1% Am Brown Bo pf 51 3 Am Can (t4). 112% 109% % 104% 102% 117% 117% 4T 4T 1% 10% 80% 106 994 377% 6 5% 43 421 148% 145% Am Chicle (2).. Am Chicle(rts) . Am Drug (60c). 10% Am & For Pow.. 75% Am&ForP pf(7) 106 Am&For P 2d47. 984 Am Hide& L pf. 37 Am Home Pr(3) 757 Am Ice (13)..... 4215 Am Internatl(2) 146 Am LaFr&Foam % 8 Am LaFrancepf 172 72 2 Am Locomot(8). 112% 114 112% Am Locopf(7).. 115 115 115 AMachine (5% 179% 179% 179 Am Metals(3).. 65 68% 6b Am NatGaspf7 97 97 97 Am Plano. 13 13 13 Am Fiano « 88l 39% 8% AmP&L (11).. 834 4w 82 AmPo&Lt pf(6)] 100 100% 100 AmP&Lpfsta5. S1% 82 81% Am Radiator(5) 190% 208 1901 Am Ry Ex(6)... 138'% 139 1384 4T 1% 374 | Dugq Lt 1st(5) ' Contl Can (n)... Cont Insur(6). .. Contl Mot (80¢) Corn Prod (1%4). Coty. Inc (123) Crown Zelrbek 1 Cruc:ble Stl(5). CubaCaneSugar. Cuba Cane Su pf Cuba Company.. Cuba R R(4.80). Cuban Dom Sug. Cudahy Pke(4). Cudahy (rts). Curtiss Aero( Cutir-Ham(31%) Cuyamel Fruit. . Davison Chem. . Deere&Co pf(7). Devos A (13.20)., Diamond M (p8) Dome Mines(1). Drug Inc(4).... Dul S S & Atl pf. Dunhill (rts). .. Dunhill Int (34). Dupont (118%). Eastman(18). Fastman pf(7).. Eaton Axle (3).. Kisenlohr&Bro. . Eisenlohr pf(7). Eitingon(21%).. Eitingn pf(6%). Elec Auto-Lt4% Electric Boat... FrecPow&Lt(1). EP&LDS 40% (7) Rlec B&Tt nf(7) ElecStoBat(15). 121k Horn pf. nd-John(5) Endicott pf( Eng Pu Ser(m1) Equit Blde(2).. EquitableTr(12) irie R R. . 2d pf. Am Republics. 60% 61 60% Am Saf Raz.r3). 71 2% 71 Am Seating(3).. 36! 362 36 Am Ship & Cor 3% 4 Am Sm&Ref(4). 981, 99 4m Smelting(¥) 292 AmS&Rpf(7). 137 Am Snuff (114).. 203 Am St Fdys(3), 65 Am Stl Fy pf(7). 110% 111 Am Sugar. 87 874 Am Sumat (n3), 58% 13% 208 * 663 111 86% 56% $3.746,581 at the time of the October call. Below are given comparisons between the last two culls, so far as was possible to obtain the figures up to noon today: Bank Call Figures Compared. 533 gl 38 ar Savings ... raac Savings . FEH 35 .18 2, ':.ndluepotl ungu‘r‘ts from every ‘Washington will be published in a few days. Busy Session on Exchange. -Potomac: Electric Power 515 .per. cent preferred led trading on the Washing- ton Stock Exchange today. The stock led at 108l and closed at 108} e day’s turnover was 313 shares. The 6 per cent preferred sold at 112. ‘Washington Gas Light was slightly higher today, c!oumin moderate trad- ing at 105%. Washington Railway & Electric preferred, came out at 993, and closed at 9912, on a 30-share turn over. Fagas §2238 925 15th St.—M. 2100 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Checques Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 Does 6% interest appeal to you? 6% -~ “protection ipal and interest. trading | Washington Gas issues in small de- { tion, which heretofore manufactured Two hundred shares of Federal-Amer- , fol- E:k:ln?‘;‘uauxm registered 128, fol y's anonuncement that the company acquired a of drug stores in Pennsylvania. wmnnnnuunarmtsmued in today, wi 14 board agai g shares sold at 523 and 5 an eighth higher. One share of Nstional Capital Bank sol1 at 250 and a single share of Riggs National at 557 and another at 560. Thirteen shares of National Sav- ings & Trust moved at 507, Bond was confined to the nominations at recent ievels. Park Savings Votes Dividend. The directors of the Park Savings Bank have declared the usual semi- annual dividend of 5 per cent, payable January 10, and a 5 per cent bonus for all employes of the bank. Merger Is Announced. NEW YORK, January 4 (#).—Merger of the Sleeper Radio Manufacturing Corporation of Long Island City, and the Temple Corporation of Chicago, was_announced yesterday. Alfred Marchew, president of the Temple Corporation, succeeds Gordon C. Sleeper as president of the Sleeper Co. Mr. Sleeper is to be vice president and general sales manager of the Tem- ple Corporation. The Temple Corpora- only speakers, will make receivers also. Both companies will retain their separate identities, with their combined assets fixed by officials at more than + $1,000,000. CANAL TOLLS REPORT. PANAMA, January 4 (#).—Official | announcement was made today that the |Panama Canal had collected $26,375,~ 1962 from 6,334 vessels during the cal- endar vear just ended. Though these | were the highest figures for any cal- endar year, they fell short of the high {record for the last fiscal year ending 30, when 6,456 vessels paid 499. $26,044.499. | Canal traffic for December, 1928, sur- | passed all months of the past calendar year, with 579 transits and total col- lections of $2,443,029. POTATO MARKET STEADY. | CHICAGO, January 4 (United States | Department of Agriculture) —Potatoes— | Receipts, 60 cars; on track, 153 cars; | total United State. shipments, 59 cars: | trading only fair; market about steady: Wisconsin sacked round whites, 85a1.05, few 1.10; Minnesota and North Dakota sacked round whites, 85a95; Idaho sacked russets, 1.50a165; few fancy shade higher, i PP Firm Reports Profit. NEW YORK, January 4 (#).—Seeman Bros, Inc. of New York, dealer in re_can ¥ investme; Whe: - ns from MORTGAGE & GUARANTY CorPORATION Capital Resources § 3,400.000 24 JACKSON PLACE ou secure 2| November 30 with net profit of $375,257, that PaYs|against $303,757 in the 250 | s from 1 0| canned goods, ended the five months on correspondin; ‘ll927 period. i New Bendix Firm. | CHICAGO, January 4 | | Bencix Corporetion announced today | formation of the Bendix Service Cor- \‘ poration, capitalized for $1.000,000. The | new company expects+to build a ohain The | Com Inv Tr(34). 1371 141 Am Tel & Ca(5). 18 Am Tel & Tel(9) 196 Am Tobacco 177 177 177 Am Tobac B(8). 177 178 177 Am Tob pf(6)... 120% 120% 120% Am TypeFo(8).. 139% 139% 139 Am Type pf(7).. 110 110 108 AmWWEEI(cl). 69% 69% 69 AmWWist pf(6) 97 97 97 27 27 26% Am Woolen p 57T% B57% 56% Am Writ Pactfs 13% 13% 13 Am WritPa6pf 42 423 42 Am Zine. . 42 43% 41% Am ZAine pf... 104% 1043 104 Anaconda C (8). 120% 124% 120% Anchor Cap..... 56 56% 55l Andes Copr 75¢.. 50 5215 50 Archer-Dan(3).. 105% 106 104% Arch-Dan pf(7). 114 114 114 Armour Del pf 7. 92% 924 92y Armour Ill(A).. 17% 174 16% Armour IlI(B).. 9% 9% 5y Armour Il pf(7) 82% 8§3% 824 Arnold Con & Co 18 196% 177 177% 120% 139 108 69 97 26% 56% 13 42% 43% 104 124% 56% 52% 105% 114 924 1% 9% 82% 39% 8 196% 195% 00 291 29% 29% 644 65% 634 45 45 44 199% 201% 198 s 24 2% 2i Atchison pf(5).. 103% 103% '103% AtlCoast L(t10) 169 171 169 AUGUIT& WI., 40% 40% 40% Atl Guif pf(3).. 53% B53% 53% Atlantic Ref(1). 63% 66% 634 Atlan Ref pf(7). 116% 116% 116'% AtlasPowder(4). 108 109 105 Atlas Tack 4% 15 14 Austin-Niel 6% 9% 6% A n-Nich pf.. 37 40% 37 Auto Sales...... 25 264 25 Autostrap A(3). 44 44 4“ Bald Loco pf(7). 116% 117 115% Balto & O(6).... 1215% 124% 1213 Bambgr pf - 108% 108% 108% Bang& Ar(3%). 70 70 170 Bang & Ar pf(7) 106% 106% 106% ‘Barnet Leather. 25 25 24% Barnsdall A (2). 44% 454 44% Bayuk 1st pf(7). 105% 106 105% Beacon Oil...... 28 Beecn-Nut (3)., 95 Belding-Hemwy. 12% Belg NR pf(16). 84 Best &Co(3).... 92 Berhlehem Steel 851 Beth Sieel pt(7) 122 Bimingdle pf(7) 110 Bon Ami A(4 84 Art Metal(1%). AssoDryG(2%). Asso 0ii(2). 29% 64 44% 206 2% 108% 171 40% 53% 657 116% 1u5 14 8% 40% 26% 44 17 123% 108% 70 106% 24% 44% 106 24% 9674 134 922 854 122% 110 87 180 106 61% (3 Boston & Maine. 103 Briggs MfgFCo. 58 British Emp 2d.. 64 6% Brockwy Mot(4) 71 172 Bklyn-Man(4).. 72% 76% 724 Bklyn-Man pf(6) 89% 89% 897 BklynUnGas(5). 184% 184% 184 Brunswick B(3) bl Brunswick Ter.. 37% 37% 387% Bucyrus(1)..... 37% 37% 37l Bueyruscv(234) 46% 467 46% Buff & Susq. 57 57 57 Buff&Sus pf(4). 531 53% 533 Burns BrosA(8) 12215 12215 1224 Burns Bros(B).. 35 -35 35 Burroughs(t4).. 240 245 240 Bush Term(g2). 79 79 % 8% ButteCop & Zino 9% 9% M Butte & Sup(2). 10% “ Butterick Co.... 38 38% 38l 38% Byer&Co...... 182 187% 181 187 Byer&Copf(7).120 120 120 120 By-Prod (13%). 116% 117% 115% 117 Calif Pack(4)... 175% 78% 75% 77 Callahan Zinc... 3% 34 3% 3% Calu & Ariz(17). 125 130% 125 130% Calu&Hec (215). 45% 47% 45% 47% Can Dry (t4%). 784 179 78 T8% Can Pacific(10). 242 243% 240% 243% Canon Mill= 2.80. 47% 47% 46 47% Case Threshg(6) 490 5044 490 5042 Cen Aguirre As. 38% 38% 38 384 Cent Alloye2)... 4T% 48% 4T 47% Century Rib M.. 19 19% 19 19% Cerrode Pas(5). 108% 111% 108% Certain-teed Pro 23 28% 28 Certain-td pf(7). 80 80 80 Certo (14)...... 79% T79% 79% Chandler-Clev.. 21% 21% 21% Chandler-Cl pf.. 38 381y 37 Ches & Oh{o(10) 216% 2214 216% C&OCorpn(3).. 80% W 804 Chi & Alton..... 12 12 Ch! & Alton pf.. 19%, 19 Chi Great West. 21% 204 Chi Gt West pf.. 488 4T ChiMil&StP.. 354 - 344 Chi Mil & StP pt 564 55 Chi& Nwn(43%). 884 90 884 Chi Pne Toclt6). 180 182 180 Chi RI&Pac(6).. 131 137% 131 CRI&PpPI(6). 100% 100% 100% Chi Yel Cab(3).. 33 34% 33% Chickasha(3) 49% 49% 49 Chllds(2.40).... 584 58% 58% Chile Copper(3). 73% 76% 173% Chrysler(3).... 128% 130 1274 Cinn Sand pf(3). 150 150 City StoA(3%).. 50% City St B 5% stk 108 Cluett-Peab(5). 71% 72% 71% Cluett-Pea pf(7) 119 119 Coca-Cola(6)... 171% 172 171% Collins & Alkmn. 50% s 50 Col Fuel & Iron. 70% 72 70 Col Gas & EI(5). 1384 142% 1.8% Col G&E pfA(6). 107 107 107 Columbia Graph 77% 86 7% Col Carbon(4)... 127% 135 1274 Com Cred(1). 584 60 584 5! Com Cristpf 6% 103% 103% 1034 103% 137% 140 Com Inv (war).. 294 204 29% 29% Comm Solv (J8). 236% 241% 236% 2: Com Power(13). 109 113% 109 84 &8 28% 32% T6% 89% 184 3% 3T 46% 57 534% 122% 243 19% 20% 48y 564 89% 344y | of automobile super-service stations in the larger cities throughout the country. Vincent Bendix, W. C. Buettner, Perber Marshall and David Beecroft are among the directors. . Will Increase Facilities. NEW YORK, Jan Edison Co. Cong Cers (5).. Conley Tinfoil. Consol Cgrs (7). Con Film P, Consol Gas (3) ConsolGaspf(5). T0 | H 100% | Eureka V(t%).. Fairbanks(3)... FedLight(n1.40) Fed Light pf(6). Fed Min pf(7).. Fed MotT (f80¢c). Fidelity-Phoenx Fifth Ave(61c). . First NatS(1%). Fisk Rubber Fisk Rub 18t Fisk R 1st pf ev. Fleischman 3% Florsheim pf(6) Folansbee (2).. ox Film A(4).. Frank-S pf(7).. Freeport (16%). Fuller pr pf(6). Gabriel Snub A.. Gardner Motor. . Gen Am Tnk(4). Gen Asphalt.... Gen Bakg pf(8). Gen Cabl, Gen Cable Gen Cigars(4) Gen Eelectric t6. GenElec sp(60c) Gen Ice Crm(14) Gen Mills (3)... Gen Mills pf (6) Gen Motors t9% Gen Mot (New). Gen Mot pf(7).. Gen Ry Sig(5) 1 Gen Ry S pf(6).. Gen Refrac(s).. Gillette S R(c5). Gimbel Bros.... Gimbl Br pf(7).. Glidden (11%).. Glidden pr pf(7) Gobel (Adolph). Gold Dust (new) Goodrich(4) Goodyear Tird Goodyr 1st pf(7) Gotham($2%).. Gotham n v $2% Gothm pf exwar. Gould Coupler A Graham-Paige. . Grhm-Paige cfs. Granby (8). Grand Unon Grand Un pf Grant W T (1).. Grt North pf(5). Gt Nor pf cfs(5) Gt NoOrefs2%. Grt Wn Sug 2.80 Grt Wn Su pf(7) Greene Cana(6) 180 Guantanamo Su. 5% Guan Sug pf(8). Gulf Mo & Nor. Gu M &N pf(6). Gulf Stat Stl(4). Hack W pf(1%). Hack pt A(1%) Hanna 1st pf. & Walkr(2) Hartmn B(1.20). Hershey Corp... Hershey pf(4).. ershey pr pf(6) HockingVal(19) Hollnd Fur t2% Hollander & Son Household(t4).. Hoaston Oil, Howe Sound(4). Hud Man(24%).. Hudson Mot(5). Hupp Mot (£2).. Illinois Cen(7)., 1 Indian Mot (1).. Indian Mot pf(7) 10d O & Gas (2). Indian Refining. Indtan Refg ctfs Ingersoll-R(16) Intand S(k16% ). Inspiration (3). . InterboroRapTr. InterconRubber. Internat Agri. .. Int Ag Ch pf(7). Intl Bus Ma (c5) Int Cement(4). . | Int Com Enge2), Int Harv t24. .. Int Mtch pf 3.20. Int Mer Marine. Int Mer Mar pf.. Int Nickl cfs(3) Int Nickl of Can. Int Paper pf (7). Int Pa&PoA2.40. Int Papr & Po B. Int Papr & Po C. Int Pa&Po pf(7) Int Prig Ink 2. | Int Prtg iak pf 6 Int Ity Cent Am. | int Ry CA pi 5). ! Intl Salt(5). | 1nt1 Stiver pt(7) IntTe: & Tel(6) Int Tel & Tel rts | Interstate D 8. . Intertype(t1%%), Island Creek(4). | Jewel Tea (15).. { Jewel Tea (rts.. Johns-Manv3). Johns-Man pf(7) Jones & Lau(7). Jordan Motor. .. Kan City South. Kan CSo pf(4).. Kaufmn DS 1%. Kayser J(5) th-Albee eith-Al pf(7).. Kelly-Spring. Kelly Tire 6 % pf Kelly Tire § [X Hayes( 514 464 ELEN 6 374 325 Kinney (G R) | Kinney pf(s Kolster Radio Kraft-Pho(1%). Kresge SS pf(8) Kresge Dept 8., Kreuger & Toll Kroger Gro(el). Laclede G pf(5). Lago Oil. Lambert Co (7). Lee Tire & Rub. Leh PorCmt 2% 59 Lehigh PC pf(7) 108 LehizhVal(3%). 100 Leht & Fink(3). 644 LifeSav(1.60).. | Lig Myer; 1124 224 36% 119% 102 32 &) Low. 122% 1 107 88% 12% 8315 123 491 22y 18674 5y 90 56% 103 6845 28 284 93 54 364 % 854 104 102% 6 3% 100% 681 6115 59 50% 46'% 6874 103 100 20 1031 53% 119 110 108 284% 3814 118 179'% bl 90 53 103 68y 28 28% 92 54 33% 70 B4l 149% 15 Close. 1221 1074 59 51% 46% 69 103 100 20 103% 12 < 2 U 37 59 % | 39% | 120 102 Lig &M pf(7).. Liq Carb( t414). Loew's Inc (13). Loew's pf(61%) ell(A). .. Loose-W (1.60).. Lorillard Co Lorillard pf(7). Louisiana Oil... La Oil pf(63%).. Louis GasA 1.75. Louisv G&E rts. Louis & Nash(7) Ludlum St1(2) LudlumSti(rts). McAndrews 2.60 Me Call Corp(4) . McCrory A(2)... Meclntyre P(1).. McKeespt Tin Pl McKes&Ro 1.60. McKsn pf A 3% Mack Truck(6). Macy Co (2).... Mad £q Gar 1%. Magma Cop (4). Mallison & Co. .. Mallison pf(7).. Man Elec Suply. } Man Eley gtd(7) Man El m2g(d5) Man Shirt(2). Maracaibo Ol... Market St prior. Marlan Oil...... Marlin-Roe t3% Marmon Mot (4). Mathieson(6). .. Mathieson pf(7) May Dept S(4).. Maytag (12) Maytag pf(3). el(rights). Mex Petm(12) Mexican Seab. .. Miami Cop(1). Mid-Continent. ., Mid-Cont pf(7). Middle States. Mid States ctr: Miller Rubber Minn & St Louis MStP&SSM 1i(4) Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific. MoPacifie Montgom W Moon Motor. . Mother L (40¢). Motor Meter A.. Motor Prod(2) Motor Whi(t2% Mullins Mfg Mullins pf (7) Murray Cotp.... Nash Motr: (16). Nat Acme(sta).. Nat Bellas Hess. NatBHess pf(7) Natl Biscuit(17) 2 Nat Cash Reg t4 Nat Cash Rrts. Nat Dairy ($3). Nat Dept Stores. N ead(b). ... Nat Bd pf B(6).. Nat Pow&Lt(1). Nat Radiator... at Ry Mex 2d.. Nat Supply (18). Nat Surety (5 Nat Tea(4). evada Cop . N O Tex&M (7). N Y Air Br(3)... N Y Central(8).. N Y C & StL(6). N Y CStL pf(6). N Y & Harlm(5) NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn N Y Railways pf N Y Stm pf(6).. N Y Stm pfA(7). NorfolkSou 131 ort & Wn(t10) orAm b10%stk Y Y Y Nortn Pac(5)... Nor Pac cfs(5) Norwalk Tire. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Open. High. 36 136 112 67% 100% 21'% 3% 50 59% & 106% 180 21% 6814 35 . Close. 36 Bl 1017% Tin 105% 29%, 205% 5% 116 205 % 1017% 011 Well Supply. b | Oii Well 8 pt Omnibus....... OppmCollins(f4) Orpheum pf(8).. Otis Elevatr 8. Otis Steel...... Otis Stl pr pf(7) Outlet Co(4). ... Outlet Co pf17). Owens Bot (c4). Pacific Gas(2)... Pac Lightg (3).. Pacific Mills. Pac Oii Stub Pac Tel & Tel(7) Packard M 15%. Pan-Am Petrolm Pan-Amer Pet B Park & T1l(13).. Park Utah(80¢c). Pathe Ex.. Pathe Ex(A).... Patino M(2.92).. Peerless Motor. . Penick & Ford. . Penick&F pf(7). Penn Dixie Cmt. Penn RR(3%) People’s Gas(8). Pere Marq(18) Pet Miik (1%) Phila Co (17). Phila Co pf(3).. PhilaRaT pf 333. Phila& RC& L. Phil Morris(1).. Phillips Pet (2). Phoenix Hosiery Bierce- Arrow, . . Plerce-Arrow pi | Prerce Oil.... Pierce Oil pf.... Pierce Petrolm. . | Pillsbury (+2.10) Pillsbry pf(6%) Pitts Coal Pists Term Coal. Pilts&WVa(6).. Por RicoToA(7). PortoRicoTobB. Postal T&C pf 7. Postum(3) Prairie Oil Pressed Stl Car. Pr St Car pf(7). Pub SerNJ 2.40 | tub Serv pf(6).. | Pub SE&G pf(6) | Pullman Co(4).. Punta Aleg Sug. Pure O11 (1).. | bure 01l pf(8).. Purity Bak(3) Corp. tadioCo pf(31%) Radio-Keith(A). Reading Ry (4) Real Silk Hos. .. Real Silk pt(7).. Reis(R)& Co.... Rets 1st pf (7). Ri Repl& Rep1&S Reynol, Ri RhineWE(1 Richtield O11 Rossia Ins 16% . Royal Bak P(1). Itoyal Da3.2 Safeway (3) St Jos Leaa. StL & SanF(18). L&SanF pf(6) L&Southwest. avage Arms(2) Schulte (3% ) Schulte pf(8). Seab Air Lin Seagrave(el.20). 0% | Sears-Roe($234) Seneca Copper. Shattuck FG( Shell Un(1.40) Shell Un (rtl)‘ 174 165 179% o 8 % 1% 134% 284 a1ty 85 109 1% 477 ‘ ' 114% 174 16% 178 MARKET STEADIES Brokers’ Loans Statement Brings Flood of Selling at Outset. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, January 4—Recovering from the shock of the unexpectedly large increase in brokers’ loans, today's stock market closed higher after a morning of weakness and a midday ? | period of irregularity. Railroad and cop- per stocks were the leaders of the ad- vance with many industrial specialties participating. The steels did little and the motors were lower, but the moves that attracted attention were all on the side of advance. Sentiment. was helped by the drop in call money from the renewal rate of 8 per cent, first to 7 and then to 6 per cent. Among the late features were Columbia Graphophone, Pillsbury Flour, International Nickel new, Postum Co. among the industrials and New Haven, Western Maryland antl Great Northern preferred among the rails. The Street had not anticipated any such showing as that revealed by the Stock Exchange and by the Federal Reserve compilations on_brokers’ loans. Various reassuring explanations were offered, but the fact remained. More and more, also. it was stressed in spec- ulative circles that the market had been going ahead a fortnight without any real correction, and that the technical pesition had been correspondingly weak- cned. Close. 23% 43% 109% Open. High. 23 23% 4 44 109% 109% 36'9 36 124 SimmsPet (1.60) Sinclair Oil. Sinclair pf(8)... Skelly O11(2) Snider Packg Co SoPoRicS 12% Soutn Por pf(§). South Calif E South Dairies A. South Dairies B. South Pac(6). South Ry (8) South Ry pf(5). SouRyM&O cfs 4 Spang Chalfnt. 51% 12% Spiegel Co Std Com To(f1). Std G & B (31). Std Milling (6).. Std Milig pf(6). Std O of Cal(13) StdOiINJ(11%). StdO:INY (1.60). |Sta P Glass pf... StdSanPro(1.68) Staniey Co Stewart-War Studetaker(5).. Studebak pf(7). Submarine Boat. Sun Oil (g1).. Sun Oil pf(6)... Supertor Oil. perior Steel Sweet of Am(1). Symington Symington Telautogh(80c). Tenn Copper(1). | Texas Corpn(3). Texas Corpn rts TexasGulfSul(4) Texas & Pac(5). Tex Pac C & Oil. Tex Ld Tr(new) Thatchr pf 3.60. . The Fair(2.40) The Fair pf(7) Third Avenue. .. lidewater AsOil TidewatrO(80c) Tide W Oil pf(5) Timken R B(§). - Tobac Prod (8). Transcont Ol Transue & W( Trico P'rod (2 ) Twin CityRT (4) Twin City pf(7). 1F (4) & Paper. on Carb(6) Un Oil Cali2)... Union Oil (rts).. Union Fac(10).. Un Pacific pf(4) Utd Biscult 1.60. Utd Cigar St(1). Utd Cgr St pf () Utd Elec Coa Utd Fruit(t53%). US Cast Ir P(2). U S Hoffman(4). U 8 Alcohol(5). . USIndAlcopf(7) US Leather.... U S Leathr At4) U S Lea pr pf(7) U S Realty(4). 142 143% 115 124% 124% 3% 3% 67 67 105 10% 40 100% 100% 12' 50 42% 464 47 99 93 50% 5Ln 1% 1% 220% 220% 2 13315 133% 1257 125% 324 327 594 104 83 45% 10% 85 64lg 57 57 5 5% 1617 1654 591 104 83 46% 10% U S tub 1st pf.. 86's U S Smeit(3%).. USSmpfidte). US Sm&Ref ris. O ~ Cni Leaf Tob(3) Uni Pic 15t pf(8) Univ Pipe & Rad Utah Copper (1. Uul P&L Atez). Vanadium (14). Van Raalte pt. Vick Chem4). .. Victor Talkg(4). Vietor pr pfi). . Va-Caro Chem. Vir-CarCh pf(6) Va Ir Coal&C pf. Vivaudou Co.... Vule Det pf(7).. Vulcan Detin(A) 42 994102 60 60 847 B4% 149 154% 11l 112 18% 19% 61 91 Waldorf(lds) $ Walwaorth(1l Ward Baking B. Warner Bros Pic Warner Eros pf. Warner-Qu(2).. Warrn Bros (15) Warren 1st pf(3) Warren F&Pipe. Web & Heil. Wesson O1l (4).. W Fenn Ei A W Penn El pf( W Penn El pf(7) WesUP Po(6)... | West DairyA(4) West Dairy B... West Maryland. West Pacine. ... West Pacific pf.. | West Union(y) Westhse A B(2). Westinghse(4).. w se 1st(4 Weston Electric. White Eaglei2). White Mot(1)... WhitRek cfs(2). White Sew Mach | Wilcox 011 & G | Willys Ov el.z0. Wiilys-Ovd pt Wilson & Co. | Wilson Co pt 4. Woolworth(3) Worthn Pump. | Worth Pump(A | Worth Pump(B) Wright Aero(2). | Wrigey ((13%). Yale&Twne(t5). Yellow Truck. 634 634 41 40% 55% 5d% 112t 110 m... 2 115 p.m4,071,609 Dividend rates as given in the agove tatle are the annual cash payments based on the latest quarterly or half-vearly deciarations. T Faris exia. 3 7 B stock,” 4 Plus = Of trading iess tnan shares. $3 in preferred stock. 1 Plus 1/35 in stock. 2 Paid This earons repul te. b Pa: AFTER EARLY DROP 917 15th St. N.W. FINANCIAL.) In Nearby Virginia ) G405 1Sl Loans Commonwealth Investment Co. LOANS Let us have your applications “LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. " Real Estate o o i Financing Second Trust Notes purchased at reasonable discounts, secured on District of Columbia and nearby Maryland property. We Solicit Your Application National Mortgage & Investment Corporation 1004 Vermont Ave. N.W. Main 5833 - HOW MANY MEN AND WOMEN IN AMERICA ISH that during the recent year some of the money they had ill-advisedly invested in speculative_securities had been placed in our reliable FIRST MORTGAGE NOTES, pro- ducing an annual income of 6 per cent. Then 1928 would have been a financially profitable year. During this same period careful business men and women, and Banking Inctitutions have pur- chased millions of dollars worth of this safe and profitable Invesiment. Time Has Proven That They Were Right. When you re-invest your January Funds Remember This! HANNON: & LUCH 1435 K Street N.W. JOHN JOY EDSON, President WALTER S. PRATT, Jr., Organized 1879 49th YEAR COMPLETED Assets..... teeene...$5,513,051.63 Surplus & Profits........$1,601,704.98 Subscription for the 96th Issue of Stock Being Received Start the New Year by Saving Systernatically in the Equitable Resolve now to start an account with ble and make regular de- You'll find the Equitable’s sys. tematic plan of tremendous help in ac- cumulating money. Are you one of the thousands of thrifty folks using our plan? Come in and let us explain. 915 F St. N.W. WE INVITE Your Applications for Loans on Improved Real Estate in Nearby Maryland, Virginia and the District of Columbia At the Lowest Possible Cost For Periods of 3, 5 or 10 Years BOSSEPHELPS Realtors Founded 1907 < 1417 K Street Main 9300 Loan Correspondent John Hancock Mutual Life Insurance Co. Al Al Al Al Il Sl Sl 44 2 BARRON'S SAYS: “Wou Can Get 7.30 F OR those who MUST live on income, Barron’s, The National Financial Weekly, will carry a message of vital importance in the is- sues beginning with January 7. Winners of re- cent Barron’s prize contests on investing plans will show in a series of articles how to secure the greatest possible income consistent with reasonable safety. The first article shows how the investor can obtain a yicld of 7.30 %. These are practical, workable plans, which should be of definite help to all investors who find pres- ent market conditions difficult. These articles are typical of the practical and important investment information appearing in Barron’s continually. A year’s subscription at 810 will secure these articles, as well as a year of profitable financial reading. Write to Barron’s, 44 Broad Street, New York City, to enter your subscription, starting with the first ~fiumber of this interesting series. BARRON’S 'The Vational Financial Weekly On All News Stands