Evening Star Newspaper, January 14, 1929, Page 12

1z % Money to Loan Becured by first deed of trust on real estate Prevailing interest commission. & ,Joseph 1. Weller {525} FINANCIAL. Trust RASSELLSATIOG, Buck & Company BROKERS Established 19160 Stocks Bonds Grain Cotton u"';;l'll or call for weekly market No obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 7300 Mortgages Investments JAMES Y. PENNEBAKER Main5328 1520K St. N.W. Real Estate Loans We can assist vou in refinancing ma- turing mortcages and in ing_ new loans. Prompt replies and excellent service. Prevailing interest rates, THOS. E. JARRELL CO. 721 10th Street NW. Main 766 Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. N.W. NEW RECORD PRICE Only 10 Shares Change Hands on Exchange—Business Reported Improving. Abitibl Power... 43 Aoitibt Po pfi6) 85 Abrahm&Straus 142 Adams Millis(2) Adv Rumley.. Adv Rumley pf. Ahumada Lead. Alr Redetn (13) Ajax Rubber.... Aiaska Junei Allfed Chem Aliied Cm pf(7). 122 Ama! Leather 103 DY EDWARD C. STONE. ‘Washington Gas Light scored a new high mark for all time on th2 local stock exchange when the week's trad- ing opened today. In a turnover of only 10 shares the stock sold up to 108. It had closed on a small-lot sale Sat- urday at 107. The stock climbed slow- ly up to 106 about two months ago, then had a sinking spell and went | back to 100. Re- cently, however, it has beeri gaining gradually antil it is {back in new high ground. It closed today with 107'a offered and 108 asked. When Wash- ington Gas first crossed 100 local ' market observers accredited its strength to reports that out-of-town interests were seeking to obtain control of the company through purchase of stock. Monday trading in other local issues was also light. Capital Traction opened the session with a 15-share sale at 10672, the price recently prevailing. Potomac Electric Power 5% per cent preferred stock opened at 108Y; for 20 shares and |closed with 10 shares changing hands |at 108%. Thirty-one shares of Wash- | ington * Railway & Electric preferred i told at 995, | ergenthaler figured in four small- | lot transfers totaling 44 shares. It|Am Saf Raz(r9) 7 opened at 104 and closed at 1037.|Am Ship & Com. 3% Five shares of District National Secur- | Am Shipbldg(8), 90 ities Co. preferred came out at 101.| Am Sm&Ref(4). 94% Bond sales were confined to Capital|AmS& Rpf(7). 1374 Traction 5s. The market opened with 2 | Am St Fdys(3). 74 Am Agricul Chm Am Agri Chpt.. 70 Am Bk N pf(3).. Am Beet Sugar. Am Beet Sug pf. Am Bosch. Am Br Sh(j1.1 Am Brown Bov. Am Brown Bo pf b4 Am Can (14)... 115% Am Can pf(7)... 141% AmCar&Fdy(6). 1011 Am Chicle (2).. 497 Am Chicle(rts) . Am Chic pr pf(7, 109y Am Drug (60c). 103 Am Express(6). 292 Am & For Pow.. 78 Am Hide & Lea. 9 Am Hide & L pf. 36! Am Home Pr(3) 771 Am Ice (13). Am Internati(2) 143% Am Internat(n). 73 Am LaFr&Foam 8 Am LaFrance pf 70 Am Locomot(8). 110% Am Loco pf(7).. 116% A Machine (5% 183 Am M&Fpfew7. 115 Am Metals(3).. 711 Am Metals pf(6) 124 Am Nat Gaspf 7 97 Am Plano...., 13% Am Flano pf AmP&L11)., AmP&Lpf sta5. 81% AmP&L DIA2};. 738 AmPo&Lt pf(6). 100% Am Radiator(5) 198 Am Republics... 53% 1 M. F. Bisselle, 40 814 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. 6% NOTES Secured by First Mortgages Safe—Conscrvative Make your savings and surplus funds 3 work for you at LXperience the highest inter- in financing est rate consistent, homes and in the with absolute sale of these se- satety. curities. Wm. H. Saunders Co. Inc. REALTORS 3 Main 1016 1433 K 41 Years’ Westheimer & Company Members of the New York Stock Exchange Baltimore Stock Exchange Cincinnati Stock Exchanse Chicago Board of Trade WOODWARD BUILDING Teleshone Main 5500 Private Wires to All Important Points N 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 We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street $500 bond selling at 1023, followed by | Am Stl Fy pf(7). 11215 $3,000 and $4,000 bonds moving at 103. | Am Sugar...... 8! 9 Am Sugar pf(7), 107 Two Changes Among Officers. Am Sumat (n3). 57% In connection with the organization|Am Tel & Tel(9) 195% of the official family of the Washington | Am Tobacco(8). 180% Loan & Trust Co. for the coming year, | Am Tobac B(8). 180t Herbert W. Primm, an assistant treas- | Am TypeFo(8).. 150 urer, has been made assistant real estate | AmWW&EI(el). ~ 74% | officer, while Ralph Endicott was made | AmW Wist pf(6) 991, an assistant treasurer in addition to his 26% duties as auditor. The complete list of } Am 55% officers follows: Am Zine... 41% John B. Larner, president; Andrew!Am Zinc pf 105 Parker, vice president; Harry G. Meem, | Anaconda C (6). 119 vice president; Arthur Peter, vice presi- Anchor Cap..... dent and general counsel; Charles H.|Andes Copr 75e.. 50 Doing, vice president in ' charge of |Archer Dan (4).. 106% branch office; Charles R. Grant, treas- | Atmour Deipf 7 urer; William H. Baden, trust officer; | Armour lll(A) Leonard Marbury, assistant trust officer; { Armour 111(B). . Alfred H. Lawson, real estate officer; | Armour lilpf(7) & Herbert W. Primm, assistant real estate | Arnold Con & Co 38% officer; James M. Mason, George M.|ASSODryG(2%). 664 Fisher and Ralph Endicott, assistant[AssoOil(2)..... 46 treasurers. A'chison(10)... 199 Ralph Endicott, elected assistant|Atch T&SFerts 1w treasurer, has been very active in the | Atchison pt(5).. 1085 organization of the auditors’ section of AUl Coust L(110) 170% the District Bankers’ Association, Tha[AtlGult& Wi, 42y chairman of this bank’s board of direc- | Al Gulf p(3).. 53 tors is John Joy Edson. At the annual|Atlantic Ret(1). 61% meeting last Tuesday one new member | Allan Ref pe(7). 11714 was added, A. Chambers Oliphant. AtlasPowder(4). 105 Atlas Pow pfi6) . 106% Monetary Crisis Seen. Atlas Tack. . 1 A monetary crisis during 1929 to | Austin-Nichols occur possibly as early as Spring, prob- | Ausun-Nich pf, ably not later than Fall, is expected by | Aus Cred(4.4v).. the Brookmile Economic Service. Money | Auto Sales...... 25% conditions are now tight because pres- | Auto Sales pf(3) 383, sure on reserves is becoming acute, and, | Autostrap A(3). 47 the Service states, they will remain tight | Bala Loco pf(7). 119 until there has been a general liquida- | Buito & U(6) 121 tion of bank credit. At present several | Baito & O pf(4). 7wk factors are influencing conditions. Re- | Bamugr pi(6%) 108% sources are available to Support any ex- | sang & Ar pt(7) 10y pansion of bank credit required by in- | Bank of Com 120 840 dustry; this, however, will be available | surker Bros(z). 80 only through increased borrowings by | Barnet Leather. 25 member banks at higher rates. Severe| Barnsdall A (2). 43% strain has already been placed on bank- | gayuk Cgrs (2). 113 ing reserves as evidenced by rates of 5% | Bayuk Ist pf(7) 105% per cent on commercial paper and 8 Der | eacon OIl...... 23 cent for stock exchange time, money.| Beecn-Nut (3 995 Bisselle Frequent Essay Winner. ze:flll’&g;(ligmwy 13 . T. Bisselle, just elected an asssit- [ Uela N R pr(16) sam un!c! cashier at Smggs National Bank, | Best & Cou3).... 874 has been an active member of the | Be hiehem Steel sb% American Institute of Banking for sev- | Beth Steel pt(7) 1221 eral years and holds certificates in many | Bloomingdale. .. 44y courses. He has been an outstanding | Blumnthi pf(7). 1154 figure in the annual essay contc:‘s by | on AmiAd).. 88l the institute under the auspices oi the | Booth Fisheries. g District of Columbia Bankers' Associa- | Borden Milk(6). 179% tion, having won first prize in 1925, | Boston & Maine. 105 1927 and 1928. These esays are written Botany Ml“{ (A, 12% on banking subjects assigned by the | Brisgs MfgFCo. 57i association for the purpose of stimulat- | British Empire. 4y ing research in connection with current | British Emp 2d.. 5in banking problems. Contestants winning | Brockwy Mot4) 68 the first, second and third prizes are re- | Bklyn-Man(4). . 76l warded by being sent to the annual con- | Bklyn-Man pr(6; 91 vention of the association as the guests ll:’flyfllanhmnfin 181 of the association. rownShoe(2ls) 4l Mr. Eisselle was born in Washington, | B-own Shoe pf 7. 11814 January 27, 1900, and attended the local | Biunswick B(3) 52 public schools and after graduating Brunswick Ter. . 38t from Central High School, attended |Bucyrusu)..... 39% George Washington University. He is Bucyrusev(2l) 47% £ servoir | Bucyrus pf(7).. 114 :;:T d and resides at 4458 Re: e R Burns BrosA(8) 1264 Business Shows Improvement. Burns Bros(B). 39 Business and industry are swinging | BurnsBros pf(7) 105 back into the rapid stride which was |Burroughs(t4). 237 so evident before the holiday and in- | Bush Term(g2). 76% ventory-taking periods intrrupted fit.|Bush Ter pf(7). 114tz { It is to be noted that not all lines have | Butte Cop & Zine Bly advanced simultaneously, but, never- |Butte& Sup(z). 104 theless, in such important industrics as Butter ’Cf( Co.... 39 jron and steel, copper, automobile|Byer & Co. 156% { manufacturing, implement and tool | Byers A M(rts). lai construction and in the coal trades | BY-Prod (13%). 110% there has been a very sharp and un-|cCaif Pack4)... 754 mistakable upturn during the last 10| Z S days, with substantial increases in 126 employment in the key cities of these | Calu&Hec (2%). 45% industries. an Lry (t4lp). 80 Reports by telegraph from the Fed-|Can Pacifici10y. 239 eral Reserve districts of the country|Canon Mills 2.80. 47% indicate that business generally has got | Car C1&O sta(5). 100 away to a good start in_January, says |Case Thr pf(7).. 125 | the New York Times. Employment is|Cen Aguirre As. 38 on the increase in practically all of |Cent Alloy:2).. 48 them, and it may be said, generally,|cCentury RibM.. 20% that these reports reflect a state of |Century Rpf(7) 9% trade moderately more active than at|Cerrode Past5). 1044 this time last year and with especially | Certain-teed Pro 25% good results in such important distrigts | Certo (14) . B3% as Chicago, St. Louis, Cleveland and |cChandier-C. 22% Philadelphia. The sum total of retail | Chandler-Cipt.. 39 trade in 1928 in a few sections of the|Chandler Mcfs.. 39 country is shown to have fallen below | Ches & Uhio(10) 216 that of 1927, but by small fractions. C&OCorpn(3). 83 In the Richmond Federal Reserve dis- [ Chi & Alton..... trict mail order houses report larger|Chi & Alton pf.. sales. New England reports speeding|ChiGreat West. up of the shoe factories, Philadelphig | Cni Gt West pf. notes normal retail trade, and Atlan-|Chi Ind&L pf(4) ta reports construction holding up well, | Chi M1 & St P.. Sales are improving in Chicago. Chi Mil & StP pf Hcard in Financial District. Culll Nwa(t i) Chi Pneu T new. ‘William W. Hoxton, chairman of the | cpj pneu T1pf.. board of directors and Federal Reserve | (n; RisPaci6) . agent of the Federal Reserve Bank of | (nilds(2.40). ... Richmond, was a recent visitors at the | Chile Copper(3). 74 Federal-American National Bank. John!Chrysier(3).... 122% Poole, president of the bank, was re-|City St B 5% stk 107 cently elected a member of the Federal | Sluett-Peab(5). 71 Advisory Council of the Federal Re-|Cluett-Pea pf(7) 116 cerve Board to represent the fifth Fed- | Coca-Cola(6)... 171 eral Reserve district. In this capacity | Coliins & Ailkmn 55% Mr. Poole will be associated with some | Col Fuel & Iron. of America’s most distinguished | Col Sou 1st(4).. 76 bankers. Col Sou 2d pf(4) 71 President Joseph T. Exnicious has|Col Gas & K1(5). 143% issued a statement showing the con- |Col Gas&El new. dition of the Departmental Bank at|Col G&IE pfA6) the close of 1926, 1927 and 1928. The | Columbia Graph 834 report shows substantial growth in all | Col Carbon t43. 130 departments. Deposits in 1926 amount- | Com Cred(1)... 58% ed to $619,204.14, in 1927 they had risen [ Com Ci1stpf 6% 105 to $848172.42 and on December 31,|ComCrpfild). 26 1928, they #otaled $1,147422.12. Dur-|Com Cr pf B(2). 26 ing the three years surplus was in-|Com Inv Tr(d creased and undivided profits were | Com Inv (war). gggla'a doubled, now standing at $§25,- TU. S. TREASURY RECEIPTS. ‘Treasury receipts for January 11 werz $4,199,005.76; expenditures, $14,378,- 620.13; balance, $164,446,834.24, 9% 1% 64% 132% 58 Com In Tr pt(7) 107 Comm Solv (§8). 230 Conde Nast(2).. 83 Congoleum-Nair 30 Cong Cgrs (5).. Consol Cgra (1. 9% 8% . 259% 275 10% Amerada(2). . o 21% 60'% 17% 521y 1% 1% 1% 391 0% . 597 107 148% 4% Com In Tr pf 6% 94% Com Power(13). 120% 83Y% 954% Received by Private Wire Direct to The Star Office. Open. High. Low. Close. ¢ 49 42% 46 85 85 85 Con Fiim pf(2). Comsol Gas (3).. 146 142 146 | ConzolGaspf(5) W 331 ConRRCuba pf § 50t Consol Textile. . 60 q B Container A 1.20 3% Contatner B 60c. 104% 103 Cont Baking A.. 100 9% Cont Baking B.. 9% 8% 1 Cont Bak pf(8). 25914 Contl Can (n)... 122 122 Cont Insur(6) . 1% 10% Contl Mot (80¢). 394 38% Corn Prod (t 227 i Corn Prod pfi7). 72% Coty, Inc (12%) 60% Crex Carpet.... 17 CrownWP1stpf7 5219 Cructble 5t1(5). 48 : | CubaCanesSugar. 4T Cuba Cane Su pf 16% Cuba Company. 4 Cuban Am S(1). 116 114% Cuban Dom Sug. 141% 141% Cudahy Pke(4). 102 101 Cudahy (rts)... 50% 49% Curtiss Aeroi1) 5 | Cutir-Ham(3%) Cuyamel Fruit.. 10% 10% Davison Chem. . 292 Debenhms (2.91) 79 Deere&Co pf (7). el & Hud(9). .. Del L & W(17) Den RG Wn pt 3914 Detroit Ed(8). .. 141 Devoe A (13.20) . 73 2 % { Diamond M (p8) 8 Dome Minestl). 7 70 Drug inei4).... 11 110% Dunhill Int ($4). 11615 116% Dunbill (rts)... 184% 183 Dupont (1181). 115 115 Durham Hos.... s Eastman(18). . St Eaton Axle (3) 1095 109 1 1T [ Bitungon(2%).. Eitingn pf(6%). Elec Auto-Lt4% Electric Boat. .. 9 EiecPow&Lt(1). '2%‘3,” 5 ' | EP&LDf 40% (7) €0 51 ElecStoBat(f5). % Bnd-John(s). ... Eng Pu Ser(m1) Eng Pu S pt5). Rquit Bldg(2). Erie R R. Erie 15t pf. Eureka V(t%) Fairbanks(3)... FedLight(h1.40) Federal M & Sm. Fed MotT (f80c). Fidelity-Phoenx Filenes Sons Co. First NatS(1%) Fisk Rubber.... Fisk Rub 1st pf. Fisk R 1st pf cv. Fleischman 3% Florsheim pf(6) Folansbee (2).. Fox Film A(4) Frank-S pf(7).. Freeport (16%4). Gabriel Snub A.. Tdle 6% 124 11214 1121 92 108 57% 574 197" 195% 181 1795 181% 180% 154 148 4% 73 99t 995 2Th 26% 57% 56l 41% 4l% 105 105 119% 118% 56 b5k 50% 497 106% 105% Gen Am Tnk(4). gen Asphalt.... 387 38% en Asph pf(5). 67 66 46 46 199% 1987% 1% 1w 103 10319 170% 170% 2% 4% 63 53 63 6l 117% 117% 105 105 106% 106 13 14 8% 424 4l 64% 64% 26% 26% 384 38 47 46 119 - 119 121 1204 v T8% 109 108% 109% 109 840 840 30 281 8% 25 44 43y 113 111 “105% 1056% 28w 23 995 98 18% 13 Ban B4y 8% 87w 86 85 128 1224 43% 434 115% 115% Gen Cigars(4).. GenCligars pf(7) Gen Eelectric t6. GunElee sp(60c) Gen G&EIl A(12) Gen Mills (3)... Gen Motors 9% Gen Mot (New). Gen Mot pf(7). Gen Mot deb(6). GenOutdrAd(2). Gen OQutdr Ad(4) Gen Ry Sig(5).. Gen Refrac(3) Gillette S R(c5). G'mbel 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(323%). . Gould Coupler A Graham-Paige. . Grand F&W (1). Grand Unon.... Grand Un pf(3). Grant W T (1).. Grt North pf(5). Gt Nor pf cfs(5) Gt NoOr cfs 2%. Grt Wn Sug 2.80 Guan Sug pf(8). Gulf Stat Stl(4). Hacknsk W(1%) Hack pt A(1%). Hahn Dept Stor. Hahn DS pf 6%. Hanna 1st pf Har & Walkr Harbison Wpf (6) Hartmn B(1.20). Havana El Ry... HavEl Ry pf(6). Hersney Corp. Hershey pf(4).. HockingVal(10) Hoe& CoA..... Hollander & Son Hollnd Fur 2% Household(14) Houston Oil. Howe Sound(4). Hud Man(2%).. Hud Man pf(5).. Hudson Mot(5). Hupp Mot (£2)., Ilifnois Cen(7). . Ind O & Gas (2). Indian Mot (1).. Indian Refining. Indian Refg cifs Indust Rayon. .. Ingersoll-R(16) Inland S(k16% ). Inspiration (3). InterboroRapTr InterconRubber. Internat Agri. 100 Int Ag Ch pf(7). 124 Intl Bus Ma (c5) 38 Int Cement(4).. Int Com Eng(2). Int Harv t2%... Int Harv pf(7).. Int Mteh pf 3.20. Int Mer Marine. Int Mer Mar pf. Int Nickl of Can Int Paper(2.40). Int Pa&PoA2.40. Int Fapr & Po B. Int Papr & Po C. Int Pap &Pw rts. Int Paper pf(6). Int Paper pf (7) Int Prig Ink 2% Int Ry Cent Am. Int Ry CA pf(5) Int Nat Rys cfs. Intl Salt(5)..... Int Te! & Tel(6) Int Tel & Tel rts Interstate D S. . Intertype(t13g). lowa Central.... Island Creek(4). | Tea (15).. Jewel Tea (rts. . Johns-Manv(3) . Johns-Man pf(7) Jordan Motor... Kan City South. 118% 118% o2 bl% 381 38% 39% 38 4T 4Th 114 114 56 56 126% 126 39 384 105 238 287 1% T6% 114 1144 8% 8l 104 10% 39% 384 164 156% 16% ldh 114 110 5% 5% 3% 3 126% 123% 47% 45 80% 80% 87% 2 47% Keith-Al pf(7).. Kelly-Spring. .. Kelly Tire 6%pf Kelly Tire 8% pf Kels Hayes(2).. Kelvinator Corp Kennecott (8) Kinney (G R) Kinney pf(8). Kolster Radio. .. Kratt-Pho(1%). Kresge:t1.60).. Kress SH(h1%) Kreuger & Toll Kroger Grotcl) Laclede Gas(10) Lago Otl........ 954 Lambert Co (7). ¥ Gardner Motor.. . Open. High. Low. Close. | 2% 27% 26% 2 106% 108 10° 99 9 €9 5% 1005 9214 5% 1734 22y 16 6 65 1% 158 6514 69 621 61 45 45 12615 126 194 194 128 2245, 56 160 914 500 5% 111 138 13% 4674 123% 867 73 250 19 105% 957 68% 16% 694 2% 80 110% 5312 27% 16% 98y 80% 120% 42% 88 68% 116 2321 2 11% T4% 84 197% 9% 124 109 33 50% 100 1% 19 454 8974 104% 55% 9% 100% 114 133% 103% 76 Ve 118% 109% 107 29 37% Grt Wn Su pf(7) 117 80 Greene Cana(6) 170 70 25% 28 52Y% 12 92 54 1124 3% N 60 67% 831 425 18 83% 8% 9% 79 141% 141% 32 82 5% B1% 125% 130 84 44 1 84l 151% 92 143% 96% 6% 38% 206% 4% 81 29% 3% 54% 148 15% 1904, 120% 18% 96% 100 1 86% 113% 38% 116% 237 30% 130% 116% 237 30% 30% 1313% 130% 18 6% 7% Tee Tire & Rub. Lieh Por Cmit 2% LehighVal(334). Lehn & Fink(3). Life Sav(1.60).. Lig Myers(t5).. Lig & Myrs B 15 Lig & Mpf(7).. Liq Carb( t4%). Loew's Inc (13). loew's pf(6%).. Loft Long-Bell(A) L00se-W (1.60 Loose-W 1st(7). Lorfilard Co.... Loulstana Oil... La Ol pf(6%). . Louts GasA 1.75, Loulsv GRE rts. Ludlum St1(2).. Ludlumsti(rts), McAndrews 2.60 Me Call Corp(4) McCrory A(2).. McCrory B(2). . McKeesnt Tin Pl McKes&Ro 1.60. McKsn pf A 3% Mack Truck(f). Mackay pf(4) Mad £q Gar 1%. Magma Cop (4). Mallison & Co Manat! Sugar Man Elec Suply . Man ) m2g(ds) Man Shirt(2)... Maracatbo Ofl. Marlan Of! Marlin-Roe Marmon Mot(4). rts. on(6). .. May Dept S(4).. Maytag (12). Maytag pf(3) Mengel Co...... Mengel(rights). MetroG pf(1.89) Mexican Seab. Miami Cop (2). Mid-Continen: Mid-Cont Pe rt Middle States. .. Mid States ctrs. Midland pf(t12) Miller Rubber. .. M St P&SSM pt.. Mo Kan & Tex. . 1o K&Tex pf(7) Missour! Pacific. MoPacific pf(5). Mohwk Car 2% . Montgom Ward. Moon Motor.... Mother L (40¢).. Motion Pic Corp. Motor Meter A.. Motor Prod(2). Motor Whi(f214 Mullins Mfg.... Mullins pf (7).. Munsingwr(3).. Murray Corp.... Nash Motors(6). Nat Acme(sta) Nat Bellas Hes: NatBHess pf(7) Natl Biscuit(+7) Nat Cash Reg t4 Nat Cash Rrts. Nat Dairy (13). Nat Dept Store: Nat Distiliers. .. Nat Distillers pf Nat Enamlg (1). Nat Lead(5). ... Nat Pow&Lt(1). Nat Radiator... Nat Radiator pf. Nat Ry Mex 2d.. Nat Supply (18). Nat Surety (5). Nat Teat4).. Nevada Cop (2. N Y Atr Br3).. N Y Central(8). N Y C&StL(6). N Y CStL pf(6). NYDock.o.ou.o YNH&Hart(4) NY NH&H pf(7) N Y Ont& Westn N Y Railways pf N Y Sum pf6).. NorfolkSou t3% Nort & Wnit1y) Norf & W pf(4). NorAm b10%stk North Am pf(3). NorAm Ed pf(7) North Pac(5)... Nor Pae efs(5) Norwalk Tire Norwalk Tire pf. Omnibus....... Otis Elevatr {8. Otis Steel . Owens Bot (c4). Pacifc Gas(2).. Pac Lightg (3).. Pac O1. Stubs. .. Pac Tel & Tel(7) Packard M 6% . Pan-Am Petrolm Pan-Amer Pet B Panhandl o Paramount-F-L Park & Til(33).. Park Utah(80c). Pathe Ex. . Pathe Ex(A)... ratino M(2.92).. Peerless Motor. . Penick & Ford. . Penn Dixie Cmt. Penn RR(3%).. Pere Mara(18). . Pere M prior(5). Pet Milk (1%).. Phila& RC& 1. Phila Co pf(3).. Phil Morris1).. Phillips Pet (2). Pierce-Arrow. .. Plerce-Arrow pf " | Prerce Ofl 30% 1% Pierce Ol pf. Pierce Petrolm. . Pillsbury (12.10) Pillsbry pf(6%) Pitts Coal : Pitts Coal pf.... PortoRicoTobB. Postal T&C pf 7. Postum(3)..... Prairie O11&Ga: Prairie Pipe L... Pressed Su Car. Pr Stl Car pf(7). Produ & Refinrs. Prophylactic t4. Pub SerNJ 12.40 Pub Serv pt(6).. Pullman Co(4).. Punta Aleg Sug. Pure U1l (1). Pure Ofl pf(8) Purity Bak(3 180% 102 Radlo Corp..... 3 RadioCo pf(3% Radio (new) Radio-Keith (. RSCefsi4). ReadingRy(4).. Reading 2d(2). Real Silk Hos. Real Silk pf(7).. Reis(R)& Co... temingtn-Rand. Rem-Rd 18t(7).. Rem-Rd 2d(8). Reo Mot (11.70). Rep | & S(4 Rep 1 & S p! Reyrnlds Spnes. Rey Tob B 165 Reynolds B new. Richtield O11(2). Royal Bak P(1). Royal D(a3.222). | sateway (3).... Safeway pf (6).. St Jos Leaa(13). StL & SanF(18). StL&SanF pf(6) StL&Southwest. Savage Arms(2) ulte (J3% ) Seab Alr Lin Seab Air L pf. Seagrave(el.20). Sears-Roe($2%) Seneca Copper-. . Shattuck FG(2). Shell Un(1.40). Shibert The(5) . Simnions Co(3) SimmsPet(1.60) Sinclair Oil. ... Sinclair pf(8 Skelly O11(2). ... Snider Packg Co Snider Pke pt... SoPoRicS 2% THE EVENING STAR, WASHINGTON, ‘D. O, MONDAY. JANUARY 14, :19%8. NEW YORK STOCK EXCHANGE STOCK PRICES GAIN | - INLATER TRADING Brisk Upward Movement Sends List Forward—Ad- vance s Broad. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 14—Shaking off early irregularity today's stock mar- ket turned strong in the afternoon under a combination of short covering and new buying. The turnover was moderate, but both industrials and rails % | worked upward. All the rubber stocks were in de- mand under leadership of United States Rubber responding to the strength in the market for crude. United States Rubber was helped also by the more active part in its management to be taken by the du Pont interests. Another development which encourag- ed the bull party in the later trading was the strength in United States Steel. It ran up some 2 points influenced by talk of favorable tariff action. The bear element in the motor stocks beat a retreat and Studebaker, Chrysler, Nash and General Motors joined Hupp, which had been strong early in the day, in a spirited advance. The spectacular feature of the after- noon, however, was the sudden run-up in Allied Chemical. Selling at 272, it was not only at a new high for the present shares, but up 15 points on the day. The irregularity in the forenoon -was due apparently to renewed doubt about the credit situation. It was a day in which attention was paid to specific issues rather than to the market as a whole. The market held its strength through- out the last hour, numerous stocks im- proving on their earlier advances and others coming to the front for the first time today. Open. High. Low. Close. 54% 55 bd% 55 3 40% 15% 130% 156 99 138% 48% 12'/'1 Spear&Co pf 79 Spicer Mfg..... 3 Spiegel Co (3).. Std Com To(f1). StdG&E (3%). Std G & E pf(4). Std Milling (6). . Std Milig pf(6). Std O of Cal(13) StdOIINJ(11%). StdO!INY (1.60 Std Plate Glass. Std P Glass pf.. StdSanPro(1.68) Staniey Co..... Stewart-War(6) Stromberg (3).. Studetaker(5).. Submarine Boat. South Calif Ed.. South Dairi South Dairles B. South Pac(6)... South Ry(8).... 1 South Ry pf(5). SouRyM&O cfs 4 Spang Chalfnt. . Supertor Oil.... Superior Steel. . Sweet of Am(1). Symington. ..... Symington C1 A. Telautogh(80c). Tenn Copper(1). Texas Corpn(3). Texas Corpn rts TexasGulfSuli4) Tex Pac C & Ofl. Tex Ld Tr(new) Thatchr pf 3.60. . The Fair(2.40) Third Avenue Tidewater A T1dWASOIIpf(6) TidewatrO(80c) Timken R B(6). Tobac Prod ¢8). Tobac Prod A(7) Tob Prod.ctfs B. Transcont Oil. .. Trico Prod(2%) ‘Truax Traer.... Truscon (f1.20). Twin CityRT (4) Twin City pf(7). Undwd-El F (§) Un Bag & Paper Union Carb(6). In O1l Cal.2) Union Ol (rts) Uaion Fact10). Un Pacific pf(4 Utd Biscuit 1.60. Utd Cigar St(1). Utd Elec Coal. . (7t Fruite15%) US Cast Ir P(2). US CIP 1st 1.20. US CIP 2d 1.20.. U 8 Distributing U S Distrib pf(7) U S Express. U 'S Hoffman(4). U S Alcohol(5) ... USIndAlcopfi7) 11§ Leather.... U S Leathr A(4) U 8 Lea pr pf(7) U S Realty(4).. S Rubber..... S Kub st pf.. S Smelt(3%). SSmopf(3%). U S Steel(7).... U S Steel pf(7). Uni Leaf Tob(3) Uni Pic 1st pf(8) Univ Pipe & Rad Utah Copper(12) Ut P&L Ale2). u u u u | Vanadium (14). Vick Chem(4). .. Victor Talkg(4). Va-Caro Chem.. Vir-CarCh pf(6) Va-Car Ch pf(7) Vivaudou Co. ... Vulcan Detin(A) Waldorf(1%)... Walgreen pf 6% Walworth(1.20). Ward CIA(S)... Ward Baking B, Ward Bak pf(7). Warner Bros Pic Warner Bros pf. Warner-Qui(2).. Warrn Bros (15) | Warren 1st pf(3) Warren F&Pipe. Web & Heil. . Wesson Oil (4) W Penn E1 A(7). W Penn EI pf(6) W Penn El pf(7) West P Po pf(7) West Dairy B. .. West Maryland. West Pacific pf. West Union(s). . Westhse A B(2). Westinghse(4). Westhse El rts Weston Elcctric. Wheel & L E pf. White Lagle2). White Mot(1)... WhitRek efs(2). White Sew Mach Wilcox 0il & G.. Willys Ov ¢1.20. Wilson & Co. Wilson Co pf Woolworth (6).. Worthn Pump. . 58 Worth Pump(A) 901 Worth Pump(B) 80t Wright Aero(2). 276 Wrigey ((13%). 74 Yellow Truck. 39% Young Spring.. 58% 59Y Youngstn Sh(5). 112 113 Hourly Sales on N. 10:30 a.m.. 457,100 1 1:30 p.m. 2,416,500 2 Dividend rates as given in the above taele | are the annual cash payments based on the latest quarterly or haif-yearly declaration: . tra. 3 Plus 4% in stock. § t of trading less tl ferred stock. $ 291 5% 39% n s 1/35 in_stock rate. b Pay- stock d PENANCIAL. e — Equitable Co-operative Building Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 49th YEAR COMPLETED Assets. weeseer.$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 Systematically in the Equitable Resolve now to start an account with the Equitable and make regular de- posits. You'll find the Equitable’s sys- tematic plan of tremendous help in ac- cumulating money. 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