Evening Star Newspaper, September 27, 1929, Page 14

FINANCIAL BflflflDEMANBHERE] FOR-BANK STOCKS F{ii/e ssues Traded in Today on Exohange——other ‘Financial Notes. BY EDWARD C. STONE, Bank stocks were smong the leading features .nn Washington' Stock Ex- change in wdnyl trading, Pive flllerent réd on “The ‘market in these stocks with. 10 shares of Liberty National lell- ing’ at 240. Ten shares of National Metropolitan then came out at 405 and 10 more at 400 flat. American Security & Trust figured in a sale of 10 shares at 450%, & gain of 4l; points since the last sale. Ten lhlres of Security Savings & Commer- cial changed hands, ex-dlvmnfl. at 517, same a5 the last sale.some time ‘ago, and'10 more shares movyed at 516. The final sale in bank stocks was three shares of Foderal-American National ai -dividend. - - % exdl m’nuon which has drawn mnch market attention in recent ses- sions, opened at 1. -Pifteen shares then sold at 90, ten others at 89% and five ‘more than 80%, all sales being made ex- dividend. The last sale lnlle a new low n‘the presemt move. mnwrl"?‘wpr Light “stock ulln changed hands lt 130, on_very small trading. Potomac Electric Power § per cent preferred came out at 112 and the 5% . per cent issue moved at 105%. Co- l\lmhll BIM & Gravel sold ex-dividend y at 3615, MIM wm “several. other stock trans- actions in various issues, ‘recent price levels being maintained. Bonds were also in better demand today than usual, Capital Traction and Potomac Power issues leading the list. August Gas Reports Filed. ents of operations for August Lo filed d%:y‘ the w-mnmn Co. :‘go with the Public Ut] l|2lel c»m- m‘rhz fofmer showed net income for the month of $21,639.54, & gain of $8.657.41 over _the nionth s year ago, and of o] Corp. 18% 99% ‘Alleg Cotp pf l‘“‘) 118% 100% ANSEC pFretd(6%). 86% 80% Alleg Cpf (34)xw.. 86% 80 -Alleg pfrec 5% Xw. 254% 241 Allied Ch & Dys (8). 125 1204 AledC&Dpf (7).. halm- f('n).. ). i 9% A 73% 28% Am Agrieui Ch pi 155 110° Am Bank Note (13). . 13 Am Beet Sugar. ‘N‘A 40% Am Boach Magn 62 45 Am Brake Shee 3. 34% 15% Am Browa Bev Elee. 88 Am & ¥For Pw 2d'p?.. 24% Am Hawaifan (1). 30% Am Hide & Lea p: 64 Am Home Pré (3. 8% 138 119% 112 Am Loeo pt (7) 279% 147% Am Mach &¥dy(15). 81% 56 Am Metal (3). 81% Am Pow & Lt (; 98% Am Pow & Lt pf ( 78 Am P&LofA st (5). 40% Am muufiuu. % 31 Am Republics.,.. mfls A- n.m\nn (e3). % o Safety Ras (15). xo Am Seating (2). $610,609.83 for the eight months, or $106,658.40 more than the correspond- ing period in 1928. Net. corporate eincome for. the George- town cvmp‘ny for the month was $4,- 958.87, or $2,355.04 in excess of that for cn;un last year. Total net cor- income for the year to date, smfi,noal betters the .similar com- parative last year by $25,704.30. Traction Reports for July. 3 -As the board of directors had no quorum in Jlll!.'dthe Olfllfi:}' ’lm:m Co. has just Tepo! lor month with the Public Utilities Com- mission. “Net income for July was $22;567.57, a decrease of :}x’i%? "tohm the month & year ago, a or the first seven months of 1929—$352,866.07— is $42,877.61 behind that of the cor- Te! period last year. ns for the same period also Tevealed declines for the it seven months this year .in the Tollowing items: $42,595.49, operating Trevenues: $32.- 913:83, operating income; $35,286.40, gross income. Declines in passenger traffic are the chief reason of the lower. earnings fig- cent request for the-right to-raise fares. In face of the lower earnings so far this year, the Capital Traction Co. de- clared the usual $1.75 dividend a few days ago. B. & O. Earnings Shew Increases. porica-a Taling off n AUFUSt carn: Te, alling in August earn- ings, but a substantial gain for the first eight months of the year. Net oper ating- income for Awtm o A c $5,315,884, against $5, ugust 1928, decrease for the month of $639,600. Por the first eight months of 1928 net railway. npen'.ln( income amounted to $32,985,671, in eomp-mon with $28,516,718 in the corresponding period a year uo, a gain in net so far this year of $4,468,953. The road has made & in freight Tevenues in 1929 of 99, li,fl' and a gain during the past month of nu in the same revenues. There falling off in passenger traffic both ln August and the’ eight-month period. Revenues from carrying mail have in- creased more” than $1,500,000 during the year and the income from transpo: tation of“express has also shown an inerease. - Federal la!m l.lkeunu Up. i The consolidated statement of condi- tion' of Federal Reserve Banks on Sep- tember 25, made public by Federal Re-{ serve Board, showed increases for week of nnmooo in holdings of discounted bills and"$22,800,000 in bills bsught in open market, and a decrease of $25, mooo in holdings of United sz-m urities. Ouh reserves of the Federal Reserve banks increased $6,000.000 and Govern- ment deposits $41,800,000, while miember nk reserve deposits declined $16,900;- 000 and Federal Reserve note circula- tion $9,500,000. Total bills and securi- ties were $7,800,000 above the amount Teported & week ago. . Finaneial District Notes. Juhn B. Larner, president of the hingtor Loan & Trust Co., is back -c hu desk after a Summer- vacation spent-at his country place, Annsfleld, near Mifflintown, Pa. At a meeting of the Washington Bank ‘Women’s_Club at the Huguenot, Mary | Jans Winfree, president, ptuld‘d Ap- plications of new members were voted upon. southgrn hflvny eight ended At urmn.- are estimated at $782 eommon share, against $6.66 a share in llke nn penod The PFederal de ' Commission will Tésume its mm connection with the power and gas utility investigation on_October 3. Plans -for the financing next week of Metropolitan Dairy Products, Inc., s merger of five wholesale milk com- operating metropol a, ud by 10ff, W E. J. Aron /ash- rfor lt.nh V, Claggett Investment. bankers. Western Maryland Railway has been authorized Iu e Interstate Commierce Commission to procure suthentication and :gltvm to Ig t‘r:'mry of $3, ua a refun m Dec oot ‘bunde, o8 T el bunemem of uplm cxpcndltuns c.-»-nun Research Planned. George . K.. " Burgess, director, l)nlud States Bureau of -Standards, Turner, director, - United GKICAGO DAIRY MARKET. r"'“" -27 m‘-nm- s T88 tube 36% Autosales $f.(3. 38% Auto-Strep Rll 3).. 12% Aviation Corp. Del 58% Batdwim Loco (new) 116% Baltimore & Ohio (7) i 64% Bang& Arcos (3%). Barnet Leather. 4) 78" Beech-Nut Pack (3), %0 Belg Nlt Ry-l:f 5.49 B 110% Bohn Alumn&B (15). 78% Bom Ami 43ls 35% BriggskStrattont2). 138% 1164 Bristol Myera(1434). 3l Brocl 14% Brons 25% Bucyr 38% Bucyruscy pf ll!fi). 42- Bullard Ce ¢12) 62% Burr Add 3% Butte Copper- 6% :uul&lub-rlor @) it 41% 31% By-Prod Col Close 52% 8% 88 2% 24 37 7 1% % 1% 11 200 !fllh 201% 206% 3 36% 36% 36% 38K 2% 2% 3% % % % 49% 49% B1% 112% 112% 113% ll!% ns% 145% 149 4 4% 8% 71l 55% 58N 16% 18% 166 174% 138 1 5 6% 116% 115% 87% 89 % 19 1064 106% 381 48% 281% 300 4 178% 175% 174 1764 164 166 195 20% 21% 116% 121% 781 80% 12% 135 57% 59% 132% 138% 821 4% 7. % 4% 34k 28l 28% e 117% 121% 89 87 80 80 % T4% 114% 118 116% 119% a 0w S TS RenBenBe2-aniT w2 PRI 2 35 35 8i 175 162% 150 mm 162% 169 40% 384 38% 41% ——e u% 2% Calit Packipg ( 113 cau-nnzlul um 128 Arts 36% Calumet & thnuz). Agul 40% 0ml Alloy Stee! (2). 88% Cerro de Pasce (0 16% Cerutin-tesd Prod. 70% Checker Cab MYg Co. EI'nt 88 Col GaskE rots pipd. 1;& Colums Grasbifte). 40 lumb Carbon + Com-Crediz. 43) 51% % Comm Credit & (3) 212% 131/s Com! inv ’l'rml n V% 2T 2254 B3t Conde Mot m ). 1% Nairs, 60 Contl Can‘td 79 Contl fnsurance (3). 123 Bfld'flll"(llll. . rn Prod (f34)... % .Cu F o : ® By Packing (4). 1‘% l‘u'l'fll"wfi iy orrA. :g 30% 7lu so:a 784 2% 20 125!/. lzu« lzdx 125 3 i! 1 84% 1 3 169 53% 10 94 25 :w. 12 258 26‘% 256 269 Jl 81% 8% 'll!fi ll!i [ 1 b4% Bl’/i 5‘! 36 16% 10 68 35 38% 139 61 20 96% 10 44 58% b7% b57% 16 184% 133% 138% l@l 35% ll "0 82 61% 1 56 656 19 18% 18 5 41 41 € 148% 147 T 4T% 47 126 1244 125 130 401 em 55% 65% 61% 48% 6 aBy 7% 47% 3B 75 200 - 194% 197% 201% 6 8 60 61% 2I i) 29 lzifi 12% i i 18% ll‘l 108 ‘68% | % 4y 13 1 6 12y © 2 "B0% . 157 ‘20 26 ’l% =Prev. 1990~ Low. 58% Righ. 19% llz'b 101 48% 90 64 66 B4% 20% 6% 36% 28! Low. Close. !l l’l',( 116% lll 17 B2% Kl% HK (2] 3 31% 31% 3% 238 2 208% 208l 208% 212 ’l 158% lllk 161 lm ‘fl 66 501 SM 360 “0 8% l=% 46% 48 - @tock an Dividend Rate. Clate. "l... 115 Devne & Ray A (13). : Dome Mines fll- 4 Elee Stor Bat (5) Endjcott-. Eng Pitb Berv ( Eng Pub Bve pf (5) Eng Pub Sve of(53) Eaquitable BI ErleR R. Erle RR1 Erie RR 24.pf (4). Eureka Vac Cl (4). 3 4% 1 bb% 1 88 1241 57 .13k 62 - Faicbanks Morse (3) Fash Pk A lol!?% ). Kot Lt & A31% Fed Mining & !mlt Fed Motor Tr (80c) Fed Water Serv A Fid Phen F ins (2).. First Nat Stores 1% . Fisk Rubber. .. Florsheim Shoe A. Follansbee (12% ) 15 11 Gabriel Snub A. Gardner Motor. Gen Am Tnk Car(14) Gen Asphalt., .... Gen Asphalt pf (5). Gen Bronze (2). Gen Cable. . 180 Gen Elec spec (60c). 15 Gen'] Food Corpm (8) 70 Gen Gas&ELA (a1%) 96 Gen Mills (13%). Gen Mills pt (§) Gen Motors (13.30) Gen Motors pf (7). ) Gen Ry Stgnal (5). Gen Refrac (14). Gillette Safety R (5) Gimbel Brothers. Gimbel Bros pf (7). ® ( Goodyear 18t pf (7). Gotbam Silk H (23%) Graham-Paige...... Granby Copper (). ,Grand Stores (1).... Grand Unlon pf (3).. % Granite City Stl (3 3% 65% 242% 152% 168% CELLTEH 13 £ i 78 'iepsgyaet Grant WT (1). Grt North pf (5) . Grt North pf et (& Grt Nor Ore (a1% Grt West Sug (1.8 Greane Can Cop Grisgby Grunow @e Guantanamo Suga Gult Mo & North. Guif Mo & N pf (8 Gulf Sta Steal (4) Hl.n Dept Store! Homestake Min (v1). Houd Hersh B (1%). Househld Fin pf 3.10 Household Prd (16). Hudson & Man (23). Hudson Motor (5) Hupp Moter (£2).. Illinets Central (7).. independ Ofl & G (3) Ingeraol Rand (t634) iniand Steel (3%4).. Inspiration (4)... Interboro Rap Tran. Intercontinental Rub intl Agricultural.... Intl Business M (5). intl Cement (4)..... intl Comb Eng (2). . IotI Cmb £ng pf (7). Intl Harvester (2% ) It Hydro £1 A (e2). Intl Mateh pf 3.20). Int Mer Marine etfs.. int Nickel of Can(1). Intl Pap & P A(2.40). Intl Pap & Pwr pf(7) intl Print Ink (23). InItl Rys Cnt A ct IntShoe (2%).. Int Tel & Tejex )., uo Inter Dept 8t (2). Intertype ¢£11% ) investors Ednnyll) Isiand Creek Coal, Jewel Tea (3).. Johns-Manville (3) Jordan Motor ur‘ Kan City Sou (6). Kan City Sou pf (4). Kaufmann D8 (1%) Kayser Julius (4)... Keitn-Albee-O pf (7) 30 Kimberly Clrk(2%).. Kinney G R (1) Kolster Radio. - Kraft PhCh (13%). ™ 11,60). Kresge Dept Stores Kreas S H ¢l Do Kreuger ‘o] Kroger Gr&Bak(e1 Lago Of} & Trans. .. Lambert o ($)..... Lee Kubber & Tire. . Lieh Va1 Ce Lehigh Valiey (3%). Lehn & Fi Libbey Owe Liggett & My l"). . Liggett & My B (15). Liggett & My pf (7). Lima Locomotive. .. Lig Carbonie (14%). )..... Louis & Nash (l) l.olllll"l Steer (3) Mac A & Forb(12.38) HeguiscCorp “y. of (8! MeGraw-Fil (37, Meintype Pore M(1) HcKeesport T P (4). McKenson & Rob (1) McKen & Rb a,n:::)). . m Sales— IMIQ !lcu_ u: ’M Hish. Div! u Marmon Motor ¢4) 0-Parry. Hl’ Dept Strs (4 Minn Moline of 6% Minn & St Louts. .. Mo Kan & Tex pf(7). Missourt Pacific. ..., Missour! Pac pf (5). Mohawk Carpet 12% Mont Ward (2%) Moon Motory Morrell J 43.60). Mather Lode 40e) Motor MeterG& B Motion Picture. Motor Produets (7). Motor Wheel (4).. Mullins Mfg. Monsingwear (+3%4) Murray Corp (a3). Myer(FE)& Bre (8). Nat Biscuit (17%4).. 14 Natl Cash Reg A (14) 60 Nat) Dairy(e1%) 185 Nati Dept Stores. . Nast! Distilters. . Natl Pwr & Lt (1 Natl Radiator, Natl Surety (5). Nati Tea (1%) 39% Nevada Copper (3) Newport Co A (3)... N ¥ Central (3). NYChi&StL(6) NTCUMERIL O Norfolk&Watn(110). North Am(b10% stk) Nor Ger Lloyd(3.41). 4 Nerthern Fae (5). North Pac et (5) Oliver Farm Equip. . Olvr Fr Epev ot(3). Olivr Fr Eq pf A(6). Omnibus Corp. . Otis Elevator (§). —_— Pacific Gas & £ (3).. 290 Pacific Lighting (8. Pacifie Ofl stubs. 4 Packard Motor Pan-Am Petroleum. . Pan-Am Pete B, .... Panhandle P & R pf. Paramount-¥-L (3). Park & Tilford (13). =z Park Utah. ... Pathe Exchange. Pathe Hxchange A 3 Bl 9% Penn Dixie Cement, . Pennsylvania RR(4) Pere Marquette (18). Phillips Pete (1%) Plerce-Arrow A. Pieree O1l. .. Pierca ON pf. . Plerce Petrolewm. ... v Pillsbury F1 (123 Pirelli Co A ¢ Pitts & W Va (8) Poor & Co (12) P Rican Am Te (A" P Riean Am To (B).. Postal Te1 & C pf(7). rairi Radio-Keith-Orph A. Ratlway & Exp (3).. Raybestos Manhatn, Reading (4). Ren! Silk ¢§).. Reis (R) & Co.. Rel, Reynolds Spring. Reynolds Tb B(2.49) Rio Grande Of1 xn). te Ina (220) Royal Duteh (a: —_— Safeway Stores (3).. St Joseph Lead (13). 8t LeSan Fran (3)... 8t L-San ¥ran pf (§) 8t L Southwestern, Savage Arms (2) Schuite Retail Stra.. Seaboard Alr Li . Beaboard Air Line pf Seagrave (1.20) Sears Roebek (33%). . Second Nat Inv Corp. 6 87 8 Sharp & Do pf (3%). Shattuck (F G) (1).. £ 106% 36% 1% 86% 7 m Southern Cal E4 (2). 678 20 33% 9 52% 3 89 3 'll u'A znn 1ay. 5% 8 4% 107 39% .2 19 4+ 385 » % n( 101 lplnrn;rif (3)... Splexei-. Stand Brands (13§). Btoox ana lcumnn ?irlu B.. Prev mu .!.- w uflfl 9 3% 8! 22.144% 143% l‘l% 145% 18°166" 166 166! '167% 2- 96% 6% 96% 97 50 43 8% 40 b2tk 49% Ny’ 8% <MaveSt (3). Stand Com Teb'(1).. 2 10 10 10~ Stand Inv Sweets Texas Tide Wi 22% Timbn-| _Twin C TUtd Ga coeaaecssaaasan nONRUWARRNN RN ] Vadsce Vanady White White Worth. Young Zenith RIG! 1% % 3% 8% 1% Ant Tol 114 5% sUnit ot .’hu ' T 9. 106% 35% H hm Third Avenue....... ‘Thompsen PR (3.60) Tide Water Asse: ... Tide Water Ofi(80¢). Timken Roller (3) Tobaceo Prod 1. ‘Cob Prod ctfs 1.4¢ Tobaceo Pr.A (1.40). Tob Prod etfs A 1.40. Tob Prod &votfs A. . Transcuntinenal.’. . Trico Prod2% Truaz Traer (1. Unl.r'-ll-'lll 4), 114 Union Of Calit (l).. 17 Union Paeifie (10) utdccup!(ll..(.. Utd Electrie Coal(3) Utd Frultied). Utd Gas & Im (1). 8 Dist & nnln Becur. Freight (3). Hoftman (4) Ind Atce (6).. Leather. Leather A (4)... Pipe & Fdry-(2) Pipe 0) Smelt Ref pf 3% S Steel (7). 20 Vick Chemical(23). Worthington Pump. Radfe (2).... /HTS - EXPIRE - - Stard Gl.l. EI(3%) Stand Oi1 elnt i13). %0 © Stand OH'N I (48): .. Bl Stand O N Y.(1.60).. Stand Plate Glass, Sterling Se¢ A) ... . Sterling Sec pf 11.20 Sterling Sec cv pf(3) . Slowart Warn(j3%). Stone & Webster. .. Btudebaker (35) Submarine Boat, Superior Ol. . Superiof Steel. . of'Amer (1). ‘Tex Gulf 8ul ll) v Texas& Pac (5). . Tezan P.C & Ol (bb). 28 134 '18% 13% a1 31 37% 37% .10 1 wa w1 IM o 3 33, 38 A 1 :zu 92U 92% 5 30% 304 a2 us. 10 12 - 1 1% e w1 16% 16 16 W% 16% 1% 1 % 1T 124 12 12% 49% 46% 48 2 .20% . 204 20% ity Rp T (4). 395 39% 3% e P 117% i70 wr 3 26% - 26 158 12860 122 1224 53% 63 Gsh 22 292 269 269% 106 981, 101 e 58 A% 54% 1013 97% 9% Ol pe(5) Det Axle 180 T1% 689 69% Al, Alh ‘lh um u’lh 1|7% b6% 53% B83% 93% 93% 93% 38% 38% . BB% 2;"/- 18% - 18%. 565 93% 39% 22 95% 3% 114% | s & Im pL(5). Dye Wk olt Ref 13‘% ).’ 282%; 2281 226 143% 142% 143 84 82 84 48% 48% 48% Bla, 8l 8% . 6% 83% 52 2% 4-'7~. 4% Sales. um (14). 18 - 7% 38 88 5 45 3410 50 83% Waldor? Systm" (l") 10 Walwerth- kl:’ :30). 49: 495 49 20 - 28° 29 18¢ 4 28 19645 184 » .17 17 Weston Ei Instru. .. Wextark Redio (e2).” Wkite Eagle Oil (3). Motor (1). . 46% 44% 4d% Roek M 8 (3). 6521 49Y% (’I'fi 6% 1 Wilcox Rich(A)3% Wileox Rich B (c2).. 29 Willys-Over (e1.20). 14! 18% 7% 14% 14% 14% - 3 58 B3 1 100% 97% 98% ]ll‘n llfi 116% Pump B (6).. 86 Wrigley Wm (4).... 67 57 5% 15 Spring (3). .. Am Com Ale baccd n Co. Pac GRE (P) .Oct 21 2% Pac GEE(A). Oct 21 131 Un Carbide & Carbon 559 Sales of Stecks en New York “on the um?' nnmlr or fi! llfi-h.lnll' Faranng Wall. Street Briefs By the Assbolated Press.. Gold. movements. at-the port of New York 16r. the week énding September 25 compriséd imports of $4,016000, of which $5, 'l'lll’!e'll o mt‘eunl! of u:mnlu gold held for foreign ac- .'ohn K. cke, t of the un pm:l&:n“o . N.-Y, :nmm MQ&GM his. had assets, will of the Automatic euwnflm of New York | tomot: on the hlld'l 2 NATTOW nnn :Mu & few points-lower: than Iast m&l rains in -parts of Georgia and South Carolina, together with heavy s December 1,000 was from England and | ™ 644 | $58,000 trom Latin American countries, SHUBERT-PATHE MERGER' PLANS BEING DISCUSSED m blnlleh to The Star. tem] 27.—Con- aolldnbn ot the :I:zbm ‘Theater car poration and the Pathe tnk“ .le o lnlin en place betwi ln the two mmfill x according to lntmtg.nh that ema. ger, 7 - nated yesterday from. well informed reports wan d«v ltood that !nflmmlhl In!u-u ‘;‘ "}'An. ldunun- of fin sug-~ -PI B!l‘g; that were wilt be -vul- g A h:buhn of Pathe |year. ‘pictures. - . 3 COLIATEIAI. mn IA‘I‘ By the Assoclated Press. Colla the whflnl e . Retail Trade. ATLANTA, = September 27.—Retail wtnnnntha _Southeast is much bet- ter than Jast year, s survey of.jobbing % houses' reveals. Especially_heavy gains 'have been made in aiitomobiles at popu- HAZELTON, - Pa.—Anthracite mp- ‘menits in the Iast weok have been ex- ceedingly heavy, running about 20 per cent above the normal average of both 11927 and 1928. Employment index fig- mmw-.wuumfimm but are lower than at . E Indies 1, all to new high records. Market Bréaks on finexpeet- edly Large Gain -in Brokers’ Loam. BY STANLEY Assoeiated-Press Pinancial-Bitor. NEW YORK, September 21.—The stock market tried vainly today to ever- come the bearish influence of an unex- pectedly large increase of $192,000,000 in Federal Reserve brokers’ but. the selling orders were so large that the Enket was annlnd and prices broke ide open. score or more h Dfl.fl stocks broke 10 to 25 points, !\ ellnuolzvnlpohuwm i menl throughout the i ¥ 'e ‘money raies held firm at cent. Wall amn 'll ;tr. l;:e observers “content e action already had bem ited and would have no effect on‘flbwwmmz ?| situation here, while otherg feated: that it would lead to- s heavy withdrawal o ot e {Buropeans banie i action of of hlnnhln‘ their bank rates in l’mmy Another lor-lrd movement was start- ed in the Western group of !hl utilities in the last hour and - Gas & Electric was lifted to 243%, a new top. Amemn Water. Works returned - and Southérn California Tose 4 md Pacific Lighting 6, also new highs, Wwhile Industrial Rayon sdvanced 12%5. ‘The general list, -(m rallying, turned downward again in sympathy with an- other drop in United States Steel and Radio. The close was weak. Opening-Is Weak. ‘The une: pry increase of nnmm’pfnmnam’ m\llo!fll’ lu: ' | brought s fidod of umny “orders. into the market over night, prices were weak... Americs: ‘!’elzphono drowed 7 _points“and Esstman Kodek, estinghouss Electric: and” Columbian c-mon dropped 4 to 41;. Initial de- clines of a paint of two_were recorded Ily United States Steel common, A. M. Byers, . American & Foreign Power, Radio, Sears Roebuck, International Harvester and United Aircraft, Marmon Motors, which dropped more than 12 qwmwsnewhvrem y. rallied 27, points on the first sale. ;n-r“ n;‘m;’ w:n h):en of the large crease rokers’ loans, one that n llmflclud that stoeks were passing from strong to weak hands,.and the other that it represented the normal Fall ex- pansion of commercial activity. much as many traders had expected a decline in loans, the large gain naturally lnd & chilling effect on speculative en- slronz buying mmn was _quickly supplied to check the initial duune Pool operations were resumed with con. siderable violence in = & Electric Nlflolul Biscuit_ 475 ‘Underwood, Fisher 31, and Atlantic Gulf & West Early Favorites. Stone & Webster was - jnarked up fearly 4 pointe, U. 8, Industria) Aleohol 13, Central” Al'oy Steel 31 and Sterl- m‘ Securities 2%, the last two selling close to-the year’s tops. United Atrcraft dropped 435 points and Studebaker slipped P :l' to & new low for the vear at o4 uom- cts Simmons snd Innmnuoml Lambert, Telephone feil -back 3 potnu or more on of “selling and Foreign exchanges irregular, with mrlln( ubles n am: lower at | 94.85 CHICAGO, September 27 M” (Un“td i”;‘tm rulne':t lgf Agricul atoes—] 1 cars; o track, 354; total mmg:‘lsn wl'l = cars; trading slow; market weaker; Wisconsin sacked round wi 2.45 to '2.70; Minnesota snd North Da- kota sacked round ‘whites, 2.20 to 2.50; sacked early Ohios, 2:20 to 2.30; Idshc sacked russets mostly sround 2.75. PROPERTY MANAGEMENT For nearly thxrly wears we have maintained a thor~ oughly equipped rental de- partment -and we actually retain some of the ongm:l accounts.- Extracts from a letter of a property owner recently received—*1 certainly do’ thank you for the excel- lent -and prompt manner. you manage my rent. busi-. ness, even in trifling de- tails, "y o u r viligance, courtesy and sympathy are unparalleled.” etc.” Try this -cryla. Moore & Hill, Inc. (Since 1900) ; 730 17th Street N.W. Safe Principal and’ Certain Income in Guaranty First Morlg.ge Notes and Bonds e ihvestor ‘who canmor lose. Tisk' or for . e shcens Bl