Evening Star Newspaper, January 11, 1929, Page 14

FIN ANCIAL. THE EVENING STAR, WASHINGTON, D. €., FRIDAY, JANUARY 11, 1929 FINANCTAL, Money to Loan Becured by first deed of trust on real estate Prevailing interest and comm! Joseph 1. Weller {3, Wask. L. & Trust Bldg.. 9th & F N. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 Real Estate Loans ‘e can assist you in refinancing ma- ng mortzages and in_blacing new joans. Prompt _re seellent service, Prevailing s THOS. E. JARRELL Realtors 21 10th Street N.W. Main 66 In Nearby Virginia 1 Prudential 5 /Z% Insurance Co. Loans Commonwealth Investment Co. 917 15th St. N.W. Phone Main 262 Buck & Company BROKERS Established 1916 Stocks Bonds Grain Cotton Write or call for weekly market tetter. No obligations BUCK AND COMPANY Evans Bidg. 1420 New York Ave. Franklin 7300 Mortgages Investments JAMES Y. PENNEBAKER Main5328 1520 K St. N.W. 6% NOTES Secured by First Mortgages Safe—Conservativ 41 Years’ Experience in financing homes and fn 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 1433 K REAL ESTATE LOANS 5129 Homes, Apartments and Business Properties 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. — REAL ESTATE | NOTES Secured by First Trusts Conservative Appraisals Chosen Locations 6% Interest EAVER BRO REALTORS W 809 15th Street N.W. «..and all things consid- ered, it's plain common senseto base your invest- ments upon sound, con- servative analysis. A copy of our January Invest- ment Guide will be sent om request awithout obligation. Call or write for BOOKLET WS-20 G/LLET & CO. 4 INVESTMENT BUILDING WASHINGTON, D. C. Telephone Main 2460 ETE INVESTMENT SERVICE | (e —— IRIGES PAYS HONOR T0C.C.ELOVER. R {Elected Vice Chairman of Board—Eight Assistant Cashiers Chosen. BY EDWARD C. STONE. Following the organization of the di- ! rectors of the Riggs National Bank late yesterday, Robert V. Fleming, the pres- ident, reported that all the regular officers had been re-elected to suc- d themselves and that in _ addition ! | vice chairman_of the board. Mr Fleming was much | gratified that Mr Glover has accept ed the position. His father has chairman of ; board for many 3 bt | vears. George O.| Vass, vice prestdent and cashier, was elected secretary of the board of directors. | €. C. GLOVER, Jr. | Am Beet Sug pt. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Open. High. Low. Close. { Corn Prod pf(7). 144 144 141 144 Coty, Inc (12%) T1% 7% % gh. Low. Close, Open. Hi : 216 4lls 41% - 421, 42 Loew's Inc (13). | Abitibl Power. .. Loswa ueceis) Avitib1 Po pf(6) Adams EExp(6).. 3 Adams Ex pf Adams Millis(2) { Adv Rumley. Adv tumley pf. Ahumada Lead.. Air Redetn (13). 103 Ajax Rubber ) Aiaska Junea. .. Albany Papr(2). Allfed Chem. Allis-Chalm(7). Amerada(2). .. Am Agricul Chm Am Agri Ch pf.. N(13). 130 |Am Bk N pf(3).. 60'z Long-Bell(A)... Loose-W(1.60).. Loose-W 1st(7). Lortilard Co. ... Lorillard pf(7). Loulsiana Oil... LaOilpf(6%).. Louls GasA 1.75, Louisv G 3 Ludlum St1(2).. LudlumSti(rts). McAndrews 2.60 McCrory A(2) McCrory B(2) McCrory pf(6).. Mcintyre P(1).. McKeespt Tin Pl 2% 337 Crucible pf(7). . 5l% Blu CubaCaneSugar. 601 601 Caba Cane Su pf 3 T 3% [ Cuba Company.. Cuban Am S(1). Cuban Dom Sug. Cudahy Pke(4). Cudahy (! . Curtiss Aero(1). Cushmann pf(7) Cuyamel Fruft.. Cutir-Ham(3%) Davison Chem. . Debenhms(2.91) Deere&Co pf(7). Del & Hud(9)... Del L & W(17).. Den RG Wn pf.. Detroit Ed(8) Det & Mac! 3 Devoe A (13.20). Diamond M (p8) Dome Mines(1). Drug Inct . Dunbill (r . Dupont (118%). Du Pont deb(6). Iastman(t8)... Eaton Axle (3).. enlohr&Bro isenlohr pf(7). Eitingon(2%). . Elec Auto-Lt4% Elec Au L pf(7). Electric Boat. .. SlecPow&Lt(1). Blec P&LL pf(7) ElecStoBat(f5). 109 Am Bosch...... Am Br Sh(J1.60) Am Brown Bov. . Am Brown Bo pf Magma Cop (4). Mallison & Co. .. Mallison pf(7).. ndel e Man Elec Suply. Man El m2g(d5) Man Shirt(2)... Maracaibo Oil Market St prior. Marlan Oil. farlin-Roe 13 % rmon Mot(4). Marmon rts Martin-Parry Mathieson (6) May Dept S(4). May! 503'2 5 118 18415 803 98 B0l n 93 Am Home Pr(3) Am Hide & L pt. Am Ice (13). Am luternatl Am LaFr&Foam = 81 815 1 Locomot(8). 1111 111 Am Loco pf(7). gpf3)... Maytag 1st pf(6 Melville Sh 1.10. Mr. Fleming stated that the bra managers who have been ably hand the affairs of the six outside oftic were re-appointed and also elect assistant cashiers of the bank. TI nch ling | . Selby, nt cashier a Farm old W. Burnside, assisia | cashier and assistant mar | | Farmers & Mechanics’ branch H. Donch, assistant cashier and m ager of the Fourteenth Strect ond Park road branch; Gregg C. Burns, assistant cashier and manager of the hwest branc! Ralph R. DePrez, tant cashier and manager of the Dupont ! Circle branch; B. I. Boudren, tant cashier and manager of the Seventh and 1 street branch, and W. Edmund | Freeman, assistant cashier and man- ager of the Friendship branch. Hulbert T. Bisquelle, who has been connected with the credit department of Riggs since 1920, was also elected an assistant cashier. National Capital Bank Organizes. The directors of the National Capital Bank organized yesterday by electing the following officers: H. H. McKee, president; S. H. Walke! ce president; W. P. C. Hazen, vice president; H. C. | Stewart, cashier, and J. S. Rldgc]y,; assistant cashier. District National Officers. At the organization meeting late yes- terday the following officers of the Dis- trict National Bank were re-elected: Robert N. Harper, president; Joshua Evans, jr.. executive vice president; W. P. Lipscomb, vice president J. Gock- eler, vice president; N. L. Sans president; Hilleary L. Offutt, jr. president and cashier; William C. Loo er, assistant cashier; Theodore S. Ma- son, assistant cashier; Barnard & John- son, attorneys; Wharton E. Lester, counsel; B. L. Colton, trust officer; Ralph P. Barnard, counsel to trust de- partment. Mortgage Company Elects. The annual meeting of the share- holders of the National Capital Mort- gage Co. rcsulted in the election of these directors: Neill E. Bailey, T. J. Cowie, Wilmot A. Danielson, Charles B. Drake, T. Howard Duckett, Mahlon Groo, E. Brooke Lee, Dabney H. Maury, C. Nixon, George F. Unmacht, James M. Wheeler, F. P. Williams. Immediately following the meeting the directors elected the following of- ficers: T. Howard Duckett, president: Mahlon Groo, E. Brooke Lee, Courtland Nixon and J. M. Wheeler, vice presi- dents; F. P. Williams, treasurer, and M. M. Toomey, secretary. Finance Company Elects Directors. The annual meeting of the Federal- American Co., which is_under control of the Federal-American National Bank, held its annual meeting today, the fol- lowing directors being elected: Byron S. Adams, Lester A. Barr, Al- bert E. Berry, Thomas Bones, Charles D. Boyer, W. F. Brenizer, Walter A. Brown, Joshua W, Carr, Aubrey L. Clarke, Mycr Cohen, William K. Cooper, John Dolph, William J. Eynon, W. G. Galliher, W. T. Galliher, Isaac Gans, Fred S. Gichner, W. F. Ham, George W. Harris, William | A. Hill, Harry King, Ralph W. Lee, Charles B. Lyddane, Dr. Louis Mackall, Arthur D, Marks, John Poole, Dr. J. B. Scott, Warner Stutier, Leon Tobriner, Wilmer J. Waller, George E. Walker and L. Perry West. Local Bank Stocks Are Strong. Local bank stocks were strong on the ‘Washington Exchange toda; Riggs National sold to the extent of six shares at 568. National Savings & Trust opened with 10 shares selling at 520, 10 shares then going at 521 and closing with a 10-share sale at 521'2. This is half a point higher than the stock sold at any time in 1928. One other bank stock was out, Washington Loan & Trust register- ing a sale at 522. Capital Traction stock opened at 1065% and closed at 106%;. Fifteen shares of Railway & Electric preferred appeared on the board at 99' Mer- genthaler led the market in volume of trading, 80 shares selling at 104 and 60 at 1044 Chestnut Farms Dairy pre- ferred sold up to 10873 and 10 shares of Terminal Refrigerating & Warehous- ing Corporation stock registered 51. In the bond division Washington Railway & Electric General 6s sold at 1021, Barber & Ross 6s moved at 9415, ‘Washington Market Cold Storage 5s sold at 96, Capital Traction 55 at 10215 and Potomac Electric Consolidated 5s closed the day’s trading at 101%. Head Takes Bank Presidency. Walter W. Head, formerly president of the Omaha National Bank, Omaha, Nebr.,, and former president of the American Bankers' Association, h«si been elected president of the State | Bank of Chicago. Chain store development during 192! will probably tend toward an incre: ‘ in the number of stores under chain control rather than an increase in the number of chain systems, according (n‘l L. L. Jay, president of the American Department Stores Corporation. Bank Votes Extra Dividend. The directors of the Washington Loan & Trust Co. ve voted the regularly quarterly dividend of 3 per cent, due at this time, and an extra dividend of 2 per cent. Both are payable February 1 to stockholders of record on January 24. NEW CORPORATION FORMED. NEW YORK, January 11 (#).—J. & W. Seligman & Co., international in- vestment banking house, announced to- day its entrance into the growing in- vestment trust field, with organization of a $50,000,000 company, to be known as Tricontinental Corporation. Public offering of securities will be made with- in the next two weeks. Several Wall Street houses have or- ganized investment trusts in recent months, one of the largest being the $100,000,000 corporation of Goldman, Sachs & Co. POTATO MARKET FIRM. CHICAGO, January 11 (United States Department_of Agriculture).—Potatoes —Receipts, 66 cars; on track, 141 cars; total United States shipments, 514 cars; trading only fair, offering light; market firm; Wisconsins, in sacked _round whites, 95al.15; fancy grade higher; Minnesota and North Dakota sacked AmPo&Lt pf(6); 1001 Mengel C Mengel (rights). MetroG pf(1.89) Mexican Seah Miami Cop (2).. Mid-Continent. . Mid-Cont Perts. End-John(5). ing Pu Ser(m Pu S pf(5). it Blds(2). . SquitableTr(12) 8314 1004 A Radiator Am Republi Ain Saf Razq1s). Amn Seating(3).. Am Sm&Ref(4)., Am S & B prei). Am Snuff (114). Am Suuif pt(6). Am SU Fdys(3). m Stl Fy pf(7). 1 Mid States Eureka V(t1%). Millér Rubber. .. Foirbanks(3)... 3 FedLight(h1.40) Fed Light pf(6). Federal M & Sm. Fed MotT(f80c). Mo Kan & 7 Mo K&Tex pf(7) Missouri Pacific. MoPacific pf(5). Mohwk Car 235+ Montgom Ward. Moon Motor. .. Mother L (40¢).. Motion Pic Corp. Motor Meter A.. Motor Prod(2 Motor Whi(t23 Mullins pf (7).. Munsingwr(3). Murray Corp. 100 249 191% 100' 249 19 10415 s 90 First NatS(1%). 68% Fisk Rubber. ... Fisk R 1st pf cv. Fleischman 13% Florsheim (A).. Folanshee (2).. Fox Film A(4).. Freeport (1614). Fuller pr pf(6). Gabriel Snub A Gardner Motor. . Gen Am Tnk(4). Gen Asphalt.... Gen Asph pf(5). Gen Bakg pf(8). Gen Cable...... Gen Cable A(4). Gen Cable pf(7). Gen Cigars(4).. Gen Eelectric 16. Gunlslee sp(6oc) Gen GREI A (12) Gen G&EI B(12) Gen Mills (3)... Gen Motors t9% Gen Mot (New). Gen Mot pf(7).. GenOutdrAd (2). Gen Qutdr Ad(4) Gen Ry Sig(5).. Gen Refrac(s).. Gillette S R(¢5). imbel Bros. ... Gimbl Br pf(7) Glidden (11%).. Glidden pr pf(7) Gobel (Adolph). Gold Dust (new) Goodrich(4). ... Goodrich pf(7) Goodyear Tire. . Goodyr 1st pf(7) Gotham ($2%).. Gothamnv 321§ Gothm pf exwar., Gould Coupler A Graham-Paige. . Grhm-Paige cfs. Granby (6).. Grand F&W (1) Grand Unon.... Grand Un pt(3). Grant W T (1).. Grt North pf(5). Gt Nor pf cfs(5) Gt NoOr efs 2% . Grt Wn Sug 2.80. Grt Wn Su p£(7) Greene Cana (6) Gulf Mo & Nor.. Gu M &N pf(6). Guantanamo Su. Gulf Stat Stl(4). Hacknsk W(11) Hahn Dept Stor. Hahn D S pf 6% HamiltonWpf(6) Hanna 1stpf.... Hartmn B(1.20). HawanPinap t2. Helme Geo(17). Hershey Corp Hershey pf(4).. Hershey pr pf(6) HockingVal(10) {Hoe& CoA..... Hollnd Fur $2% Homestake(17). Household (t4) Houston Oil. Hud Man(2%). Hudson Mot (5) . Hupp Mot(f2).. Illinots Cen(7)., Ind O & Gas (2). Indian Mot (1).. Indian Refining. Indian Refg ctfs Indust Rayon... Ingersoll-R(16). 1 Inland S(k76%). Inspiration (3).. InterboroRapTr. InterconRubber, Internat Agri... Int Ag Ch p£(7). Intl Bus Ma (c5) Int Cement(4).. Int Com Engi2). Int Comb pt (7). Int Harv 12%. Int Mteh pf 3.: Int Mer Marine.. 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 Pap &Pw rts. Int Prig ink 23%. Int Ry Cent Am. Int Nat Rys cfs., Int Ry CA pf(5). Intl Salt(5)... Int Tel & Tel(6). Int Tel & Tel rts Interstate D S.., Intertype(t1iz), Island Creek (4 Jewel Tea (15).. Jewel Tea (rts Johns-Manv(3).. { Jones & Lau(7). Jordan Motor. 95 95 | Kan City South.. 0% T1%|Kan CSopf(4).. T0% 70% | Kayser J(5).. 138% 143% | Keith-Albee. 57t 59 |Keith-Al p£(7).. 134 107% 107% | Kelly-Spring.... 22% 83% 84! | Kelly Tire 6%pf. 9914 130 Kelly Tire 8%pt 921 7 Kels Hayes(2).. 4! Kelvinator Corp. 164 Kennecott (8),.. 1587 Kinney (G R)... 51% Kinney pf(8)..a. Kolster Radio. .. Kraft-Pho(1%). Kraft pf (6%) Kresge(11.60) Kresge Dept S Kreuger & Toll. . Kroger Gro(cl). 117 Laclede Gas(10) 241 Lago Ofl......0s 81 Lambert Co (7). 132% Lee Tire & Rub, 23% Leh Por Cmit 2% 61% Lehigh PC pf(7) 109 LehighVal(3%). 100% Lehn & Fink(3).. 67% Life Sav(1.60).. 30 Lig Myers(t5).. 94 Am Su Am Sumat (n3). Am Tel & Ca(5). Am Tel & Tel(9) 1 Am Tobacco(8).. 1 Am Tobac B(8). Am Tob pf(6) Am Typeko(8) AmWW&| AmW\W1st pf(6) Am Woolen. .... Am Woolen pf.. 55% Am Zine. . 4l Anaconda C (6). 119% Anchor Cap Anchor pr ( Audes Copr Toc. Archer Dan (4).. 1 Aurcii-Dan pt(7). 1 Armour Del pt 7 Armour 1II(A).. Armour 111(B).. Armour 11l pf(7) Arnoid Con & Co AssoDryG(2%). Asso D G 1st(6 on(10). .. 198 Atch T&S Ferts 1% AU Coast L(T10) 1724 1721 AUGUIE& W, 384 41 AUGUIEPI3).. 53 b Adtlantic Ref(1). 64% 6 Atlan Ref pf(7). 1175 117% AtasPowder(4), 105% 1087 Ausun-Nichols. & 10 Ausun-Nich pf. . Aus Cred(4.49) Auto Sales...... Auto Sales pf(3) 3 Autostrap A(3). Balto & 0(6) 123 123% Bambgr pf(6%). 108% 1088 ians & Ar3%). 69 69 Bank of Com 720 7. Burker Bros( Barusdall A (2). 44%y Bayuk Cgrs (2). 113 1074y 553 W 230% 198 Nat Cash Reg t4 99% Nat Cash Rrts. Nat Dairy ($3). Nat Dept Stores. Nat Distillers pf Nat Enamlg (1). Nat Lead(b).... 239% 92 18 Yy 84 39ty 691 106 847y 39% 69% 106 193% t Pow&Lt(1). t Radiator. .. t Supply (18). tSupply pf(7) t Surety (5). Nat Tea(4) Nevada Cop (2). N Y Air Br(3)... N Y Central(8).. N Y C & StL(6). N Y CStL pf(6). NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn. NorfolkSou 13% Nort & Wn(t10) NorAm bl0 %stk North Am p£(3). NorAm Ed p£(7) No Germn Lloyd North Pac(6)... 1 Nor Pac cfs(5) Norwalk Tire... 01l Well Supply. Omnibus....... OppmCollins(f4) Orpheum pf(8).. Otis Elevatr 18 Otis Steel.. Outlet Co(4). Owens Bot (c Pac Coast 1st. . racinc Gas(z). Pac Oil Stubs. Pac Tel & Tel(7) 162 Packard M t5%. 143% Pan-Am Petrolm 4 Pan-Amer Pet B, Panhandle. 2% 10; 113% 9 44% 50 105% bl 30 2 9% Beecn-Nut (3). Belding-Hemwy. Best & Co(3).... Be:hlehem Steel Beth Steel pf(7) 1 Blumnthl pt(7). 113 Bon Ami1A(4).. 87w 8% Bootn Fisheries, 4 Borden Milk(6). 180 Boston & Maine, 105 Botany Mills (A 124 Briggs MfgFCo. 595 British Empire.. 444 Brockwy Mot(4) Bklyn-Man(4).. 0 Bklyn-Man pf (6} 90% BklynUnGas(5). 15 BrownShoe (2% ) Brunswick B(3) Brunswick Ter.. 40 40 Bucyrus(1)..l.. 39% 40% Bucyruscv(zi%) 48% 484 Bucyrus pf(7).. 113% 1135 Burns BrosA(8) 126 127 Burns Bros(B).. 374 38% Burroughs(74).. 244 244 Bush Term(g2).. 7% 18 Bush Ter p£(7).. 1156 115 Butle Cop & Zine % 8% Butte & Sup(2). 107 107 Butterick Co 405 405 Byer & Co...... 181 181 1754 By-Prod (13%). 113% 113% 111% 111% Calif Pack(4). 5% 5% Callahan Zin, 3 Bl Calu & Ariz(17 1245 125 Calu&Hec (23%). 45l 45% Can Ly (14%2). 791 Can Pactic(iv). 2371 2392 Canon Mills 2.80. 475 48 Cen Aguirre As. 37% 87% Cent Alloy(2)... 48 48lp Century Rib M 20 20 Century R p£(7 80 80 Cerro de Pas(; 104% 105 Certain-teed Pro 2 26 Certain-td pf(7). i Certo (14).. Chandler-Clev Chandler-Ci pt., - Chandler-M cfs. . Ches & Oh10(10) 218 C & O Corpn(3) 4 Chi & Alton. . Chi Great West., Cni Gt West pt.. Chi Mil & St P., Chi Mil & StP pt Chi & Nwn(4%). Chi&Nwn pf(7). 187 Chi ['ne Tool(6). 179 Chi Pneu T new,, 35 Chi Pneu TIpf... 56% Chi Rl&Pac(6).. 135 CRI&PpI(6). 100% Chi Yel Cab(3).. 33% Chickasha(3). Childs(2.40). . Chile Copper(3). 73% Chryeler(3).... 125 City St B 5% stk 108% Cluett-Peab(5). Tl% Cluett-Pea pf(7) 116 Coca-Cola(8). .. 170 Collins & Alkmn. 55% Col & Alk pf(7).. 95 Col Fuel & Iron. 71 180 1074 121 7 48% 1024 Park Utah(80¢c). Pathe Ex.... i b2% 52l 110 670 834 1041 28 18% 471 Tk 767 | 9. Penick & Ford. Penn Dixie Cmt.. Penn R R(3%).. People’s Gas(8). Peoria & Kast. .. Pere Marq(18).. Pere M prior(5). Pet Milk (13%).. Phila Co pf(21%) Phila & RC & L.. Phil Morris(1). . Phil-Tones pf(7) Phillips Pet (2). Phoenix Hoslery Pierce-Arrow. .. Pierce-Arrow pf Pierce Oil...eeun Pierce Petrolm. . Pillsbury (12.10). Pitts Coal. .. Pitts Term Coal, PItts&WVa(6).. Por RicoToA (7). PortoRicoTobB. Postal T&C pt Postum(3). . Prairie Oll&Gas. Prairie Pipe L. .. Pressed St Car. Pr Stl Car pf(7). Produ & Refinrs. Producers&R pt. Pub SerNJ 12.40 Pub Serv pf(6) 3t 1041 428 18% 47% T5la 239% 474 a8 49% 0 39 217% 2 82 17% 821 12 20% 48% Pullman Co(4).. Punta Aleg Sug. Pure Oil (1)..e0 Pure Oil pf(8).. Purity Bak(3).. Radlo Corp. . RadioCo pf(3%2) Radio (new).... Radio-Keith(A). 60% 90 135 179 347 bb 5o% 133% 133% 100% 101 33% 83% 46 46% b8 b8% T3 TN 1217% 12 108% 108 1% 7% 116 116 170 170% 55% 55% Remingtn-Rand. Rem-Rd 18t(7).. Reo Mot (11.70, Kep 1 & S(4). Reynolds Spngs. Rey Tob B t6%5. Reynolds B new. Richtield O11(2). Rossia Ins 16%. Royal Bak P(1).. Royal D(a3.222). Safeway (3)...s ’StJos Leaa13). StL & SanF(18). SUL&SanF pf(6) StL&Southwest. Savage Arms(3) Schulte (33%) .. sSchulte pf(8). Seab Alr Line. Seab Air L pf Seagrave(el.20). Sears-Roe($2%) Seneca Copper. Shattuck FG(2). Shell Un(1.40).. Shubert The(5). Simmons Co(3). SimmsPet (1.60) Sinclair Oil.., Skelly O11(2) Sloss-Shef(6). Sloss-Sht pf(7). Snider Packg Co Snider Pkg pf... SoPoRic S t2% South Calif Ed 15% 19415 1204 13% 9TH (5). 138% Inew. 58 PIACG). 1074 olumbia Graph 861y Col Carbon t4% . 130 Com Cred(1). 59% “om Cristpf 6% 105 n Crpf(1%). Com Inv Tr(34). Com Inv (war).. omm Solv (J8). om Power(13). 116 Conde Nast(2).. 83% Congoleum-Nair 3014 Cong Cgrs (5).. B5% Consol Cgrs (7). 5% OCon Filmpi2).. 27T% Consol Gas (3).. 109% ConsolGaspf(5). 991 Consol Textile.. 5% Container A 1.20 223 Contatner B 60c. 11% Cont Baking A.. 541 Cont Baking B.. | Cont Bak pf(8) Contl Can (n) Cont Insur(6) 57% 58 104% 104% 26 26 . 59% 105% 26 230% 280% 116 122y 83% 84 29% 30 83 95 27 108 round whites, 90al.05; Idaho sacked Russels, 1:5001.80 South Dairfes Lig& Myrs B t5, 93% 8 South Dairies Ba 4% 935 93 Lig.Carb(:14%6) .+ 209% 109% Contl Mot(80e) L Wite . GornProd (116)+ Open. High. W T0% W 1 180% | 363 55Y% 4% 42% 21% | 1033 3014 0 215 | Third Avenue .| dropped. The volume did not incre STOCK PRES DRO INLATERTRADIG Advance in Money Rate, Causes Wave of Selling Toward Close. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 11.—Strong in | the morning, today's stock market re acted in the afternoon as money, which had renewed at 6 per cent, advanced to 7 per cent for new loans. The early gains were canceled in part, some stocks even showing losses on the day, and the close was one of irregular net price changes. The outstanding feature was U. S. Steel. Although this old market leader sold off in the later trading with the | rest of the list, it held a good share of its gain. Another strong issue was U. S. Rubber. Most of the motor stocks on the reaction and there was no real‘ weakness, Opening quotations were gen- erally at advances. Other independents in good demand | included Crucible, Sloss-Sheffield and Vanadium. The last named, however, is not entirely dependent on the steel outlook for its attraction. The feature of the utilities was Con- solidated Gas, in which there was evi- dently a strong group at work. The overnight announcement of the new | Super Power combination in New York, | New Jersey and Pennsylvania stimulated | | speculation as to a huge local merger || of which Consolidated Gas would be the | & gh | nucleus. International Telephone Telegranh was very strong at a new American were higher, while Public Service of New Jersey met realizing on the merger news. Open. High. Low. Close. 130% 131 13 156% 9874 130 50 13 4 South Pac(6)... Scuth Ry(8).... South Ry pf(5). SouRyM&O cfs 4 Spang Chalfnt.. Spear & Co Spicer Mfg. Spiegel Co ( td Com To(f1). SUG&E (3%). Std G & Epf(4). Std Milling (6). {Std Millg pf(6). | Sta O of Cal(13) | StdOIINJ (T1%). StdO:INY (1.60). Std Plate Glass. Std P Glass pf.. StdSanPro(1.68) Stromberg (3).. Studebaker(5).. Submarine Boat. Sun Oil (g1). Sun O1l pL(6)... Superior Oil. Superior Steel. Sweet of Am(1 Symington. Symington Cl Telautogh(80¢) . Tenn Copper(1). Texas Corpn(3). Texas Corpn rts TexasGulfSul(4) Texas & Pac(5). Tex Pac C & Oll. Tex Ld Tr(new) Thatcher Mfg... The Fair(2.40) Thomp J R(3.60) Tidewater AsO1l TidWAsOIIpf(6) TidewatrO(80c) Timken R B(6). Tobac Prod (8).. ‘Tobac Prod A(7) Transcont Oll. .. Trico Prod(2%) Truax Traer. ... Truscon (£1.20). Twin CityRT (4) Undwd-EL F (4). Un Bag & Paper. Union Carb (6. Un Ol Cal\2) Union Ol (rts).. Union Pac(10).. Utd Biscuit 1.60. Utd Cigar St(1). Utd Cgr St pf(6) Utd Elec Coal. .. Utd Fruit(t5%). Utd Paperboard. US Cast Ir P(2). US CIP 15t 1.20. U S Distributing U S Distrib p£(7) U S Express. ... U S Hoffman(4). U S Alcohol(5) S Leather-.... Leathr A(4) Realty(4) .. Rubber. . 39 198% 2 497% 1% 216 52 cccageaa nBRLBRBN U S Steel p£(7) U S Tobacco(3). Unl Leaf Tob(3) Uni Pic 1st pf(8) Univ Pipe & Rad Util P&L A(e2). Vanadium (14). Van Raalte.. Vick Chem(4). .. Victor Talkg(4). Vietor pr pf(7) Va-Caro Chem.. Vir-CarCh pf(6) Va-Car Ch pf(7). Vivaudou Co.. Vulcan Detin, Wabash... Wabash pf A(5). Waldorf(1%)... Walgreen pf 6% . Walworth(1.20). Ward Cl1 A(8) 1047% 31% 8415 A 1524 101% 31 83 149% 113% 18% 60% 9519 3% 54 | since listing. Columbia Gas and North || FAIRFAX BANK ELECTS. FAIRFAX COUNTY, Va., January 11 (Special).—At the meeting of the stock- holders and directors of the Fairfax National Bank, Dr. F. M. Brooks was re-elected president; Thomas first vice president; F. D. Richards was elected second vice president place of R. E. Thornton, deceased: Ed- gar Littleton, cashier. ~John Mackall of McLean was elected a director in place of R. E. Thornton, the other di- rectors, in addition to the above of- being Wilson M. Farr, F. W. Hud~ , Dallas Berry, Dr Ford Swet- nam, M. D. Hall, R. R. Farr and M. E. Church. The vacancy left by the resig- nation of Douglass Mackall was not filled. The stockholders rescinded their previous action limiting the amount of money which can be expended by the directors on the erection of a new bank building, giving to the directors carte blanche to location, type of struc- ture and cost. The Fairfax National Farm Loan As- sociation at its annual meeting elected F. W. Huddleson as president, C. O. Schaub as vice president, John W. Rust as secretary-treasurer and attorney. Di- rectois elected include H. F. Myers, John W. Kerns, J. W. Pobst, W. B. Doak, A. W. Hunsberger, H. B. Jones, F. W. Huddleson and H. B. Derr. CHICAGO POULTRY PRICES. CHICAGO, January 11 (#).—Poultry, alive—Stead, three car: fowls, 281> springs, 27'>238; roosters, 20; turkeys, 25; ducks, 24a2 | geese, 18. FREDERICK BANKS NAME OFFICERS FOR NEW YEAR Special Dispatch to The Star. FREDERICK, Md, January 11— | Officers of the Farmers and Mechanics Bank and Frederick County National Bank were elected following the election | of directors as follows: Farmers and Mechanics Bank—Frank L. Stoner, president; C. Albert Gilson, vice president: Edgar K. Moore, cashier; N. Wilson Schley, assistant cashier, and Ray F. Shuff, teller. Frederick County National Bank—A. | LeRoy McCardell, president: J. W. L. Carty, vice president; William D. Zim- merman, cashier; Edward D. Shriner, assistant _cashier; Arthur V. Myers, teller, and Adrian C. McCardell, chair- man of the board of directors. CHICAGO DAIRY MARKET. CHICAGO, January 11 (P).—Butter |Tower: “receipts, 6.230 tubs; creamery s, 4515; standards, 45; extra firsts, 4415a45; firsts, 4315a44; seconds, 42a43. S er; receipts, 8 423 cases: extra firsts, 35a36; firsts, 33a34; ordinary firsts, 30a3: Brass Prices Reported Higher. NEW YORK, January 11 (/).—Brass ingot prices are reported by the Daily | Metal Trade as higher on some grades | at Pittsburgh and Cleveland. Philadel- | phia scrap prices are up with the market. JOHN JOY EDSON, President d 1879 posits. | | 1 cumulating money. } plan? | tematic plan of tremendous help in ac- Are you one of the thousands of thrifty folks using our Come in and let us expiain. 915 F St. N.W. 2E.quitable Co-operative Building Assn WALTER S. PRATT, Jr., Secretary | 49th YEAR COMPLETED | ..$5,513,051.63 Surplus & Profits. .......$1,601,704.98 Start the New Year by Saving Systematically in the Equitable Resalve now to start an account with the Equitable and make regular de- You'll find the Equitable’s sys- T} (e Interest S I BOS 1417 K Street We Will Lend | For Periods of 3,5 or 10 Years Realtors Founded 1907 Loan Correspondent John Hancock Mutual Life Insurance Co. You Money On Improved Real Estate in Nearby Maryland, Virginia and the. District of Columbia At the Lowest Possible Cost 514% PHE LPS Main 9300 THEY HANNO)D C proved Busines no strikes, vestment of Proven YIELD SIX PER CENT with the regularity of the clock! & LUCHS, INC,, First Mort- gage Securities are never worth more or less than face value plus interest—and the highest rate of interest which is com- patible with absolute safety—SIX PER There is never any fluctuation in the value of this Preferred Investment, for Im- and Residential Estate in \Washington secures each note, and it is to be remembered that there are walkouts orders here to deflate the value of this In- Real or industrial dis- Safety. This Real Income Producing Security has stood the test of safety for nearly a Quarter Century SHANNON -& LUCHS ___ First Mortgage Investments Telephone Main 2345 14357K Street Northwest Ward Baking Ward Bak pf(7). Warner Bros Pie ‘Warner Bros pf., Warner-Qu(2). s Warrn Bros (15) Warren F&Pipe. Web & Heil.. Wesson Oil (4).. W Penn El pf(6) W Penn El pf(7) West P Po pf(7) West DairyA(4) West Maryland., West Md 2d pf. West Pacific. West Union(8).. 1 Westhse A B(2). Westinghse(4) Westhse 1st(4) ‘Westhse El rts. White Eagle(2). White Mot(1). WhitRck cfs(2). White Sew Mach White SM pf(4). Wileox Oil & G. Willys Ov ¢1.20. Wilson & Co. Wilson Co pf A.. Wilson & Co pf. Woolworth (6) Worthn Pump. Worth Pump (A Worth Pump(B) Wright Aero(2). Wrigey ((13%). Yale&Twne(15). Yellow Truck... 39% 397 Young Spring bd%a 547w 54 Youngstn Sh(5). 112% 114% 112% 114 Hourly Sales on N. 10:30 a.m.. 665,700 12 m. 1:30 p.m. 2,595,700 2:15 p.m3,505,100 Dividend rates as given in the above table are the 115% | % | 3% | i Partly extra. Unit P 2 Plus 4% 1 $3 1n of trading less_than referred stock. 1 Plus 1/25 in stock. this year—no regular rate. a: tock. ¢ Plus 5% in stock. d Pa: e Pavable in cash or tly in stock. m Payable 1/10 share uxuner(v in United Cigar Stores common stock. lus 1% % in stesks o SARPE FIRST relied 6% A Third of a Century Without a Loss up. B. Main 2100 THERE: IS NOT SPECULATION Those who want good invest- ment, safe and that the interest can be —uvery attractive, There's no risk, but a very definite vield, with full protec- tion for the principal. Offered in amounts from $250 F. SAUL CO.- NO SUBSTITUTE FOR SAFETY MORTGAGES INVESTMENT sure that the principal is upon, find our FIRST MORTGAGES 925 15th St. N.W.