Evening Star Newspaper, November 8, 1929, Page 14

- 14 *% DRUG STORE SALES l IN MARKED GAINS| People’s Chain Reports for Ten Months—Local Financial Notes. BY EDWARD ©. STONE. Sales of Peoples Drug Store, Inc., for wOctober were reported today as $1,368, 15, against $974,626 for the correspond- | “ing month in ‘1928, an increase of $394,220, or 40.4 per cent. Sales for the first 10 months of the present_year were announced as total- ng $12,421,875, in comparison with 263,990,385 in the corresponding period Jast year, a gain of $3,431,490, or 38.2 ..per_cent. P beoples Drug_Stores proferred stock ‘has been listed on the Washington . Stock Exchange for several years. The stock closed yesterday at 106 on a’55- Z2¥hare turnover for the day. Sales on the Jocal exchange so far this pear total ;about 900 shares at prices ranging from 7105 to 134. Suggests Basis for Investing. Four years ago Barron’s Weekly con- ducted a contest on the best investment “sclections for a widow supposed to have 2%100,000. It is interesting to note that A. Vere Shaw of Shaw, Loomis & Sayles, Who gave a talk on investment before ,some 800 Washington women the othcr ‘ day, was one of the contestants and that "his ‘selections have made a rather star- tling record since that time. The finan- " cial weekly recently reviewed the mar- ket action of the various selections dur- . ing the intervening four years, Mr. Shaw suggested 17 conservative common stocks and 12 boad issues. At the end of the period and before the “ecent stock crash the common stock sclections had an appreciation in quoted values of 236.8 per cent and had re- turned an income on the investment of 37.6 per cent. The value of the sug- gested stock and bond investments when “’chosen was $99,935, and not long be- Tore the recent market tumble had ad- \'Sanced to $221,003. ", Ore naturally wonders what common "Kocks were selected. The list included ‘New York Central, Atchison, Consoli- dated Gas of New York, Commonwealth Edison, American Telegraph and ' Tele- “'bhone, Union Carbide, General Electric, estinghouse Airbrake, United States fteel, Standard Oil of New Jersey, Unite "%d Fruit, Dupont, Allied Chemical, “American_Tobacco B, Sears Roebuck, **Phoenix Insurance and National City Bank. bonds were such issues as Columbl?gu & Electric 5s, Chesapeake & Ohio 4%;s, Great Northern 7s and .. Appalachian Power 7s. Asked for his principles of selection, :*Mr. Shaw said he would use the follow- fing rules in making up any similar *fist: “Own only stocks and bonds of leading companies in sound and es- < sential industries with the exception of “bank and insurance stocks own only a stocks listed on one of the major ex- changes. Only stocks which .can boast % of unbroken earnings as well as dividend records of at least 10 years. Own stocks *n at least five different industries and a»15 different companies, including a few 'Jow-yield stocks as a means of build- “ring up capital and future income. One or two of the original Baron lists " included only bonds, the four-year '.r;; M Prices Steady on D. C. Board. i - Ten shares of Riggs National Bai * sold at 550 on the local Stock Exchange ®today. Five shares of Liberty National . changed hands at 215, five of Merchants Bank & Trust Co. at 135, ten of Ameri- ], can Security & Trust at 440, a single hare of Union Trust at 2933 and sev- :a‘lsg‘;mms of Washington Loan & Trust 5. Thirty shares of Washington Railway Zi& Electric sold at 95, fifteen shares of Capital Traction at 79%, Mergenthaler + Was fractionally higher than yesterday +1 and firm prices were maintained in sev- " eral other miscellaneous issues. Bonds ° ;“r?s again in good demand at recent @ levels. =5 The d of governors voted to close oo the exchdhge tomorrow, as the New * York Stock Exchange is to be closed to llow the clerks to catch up with the mass of delayed bookkeeping. i Local Financial District Notes. i, The recently declared quarterly divi- dend of 13 per cent on the common -—stock of the Washington Rallway & Y™Electric Co. is payable on December 1 2]170 shareholders of record on Novem- er 16. The quarterly dividend of 11 per cent on the 6 per cent preferred stock of the Potomac Electric Power Co. and the 1% per_cent dividend on the 5% per cent preferred, are payable on December 1 to sockholders of record November 20. Frank W. Stone, vice president of the Wational Savings & Trust Co., ed to his home, at the Wardman »Park Hotel, with illness. Mr. Stone % has made a most enviable record in local banking circles, having been con- nected with the trust company for 37 ears. 4 H. J. Donoghue, treasurer of the Merchants Bank & Trust Co., is another banker confined at home with illness. He is suffering with an attack of in- digestion. Frank J. Reynolds, president of Al- bert Frank & Co. of Boston, has been appointed national councilor to repre- sent the American Association of Ad- yertising Agencies in the United States Chamber of Commerce. Reynolds will serve as liason officer between the ad- ‘vertising profession and the chamber. s The annual meeting of the stock- # holders of the Potomac Savings Bank & awill take place on the second Tuesda 4 in December at Alexandria, the bai & holding a Virginia charter. The officers will report an unusually prosperous . year. The bank was established in 1903. Thefe, appeared to be a much better # feeling in the local broker offices today § regarding the outlook in the stock & market. The higher opening indicated § that forced selling had been lifted for | % the time being, at least. One broker| stated that it was the first day since & the break that his firm had not been 1, obliged to sell out some margin ac- % counts at the opening. $ "It is reported among local insurance 4 men that there is a great deal more 5 borrowing on insurance than has been # the case for years. The sudden demand for loans on policies is laid to the tumble in stocks. Brokers’ loans decreased $656,000,000 in the week ended November 6, to $4,882,000,000. ; g Clearing House Statement. %. NEW YORK, November 8 (#).— = Clearing house statement as reported .~ by Dow, Jones Exchanges, $279,000,000. & Co.: $2,455,000,000; balances, GERMAN BONDS AND STOCKS. Bid. Asked Ger Gov Red Loan with draw- ing ctfs attached per 100 R M 59.00 61.00 Ger Govt Red Loan without drawigg ctis per 1,000 . 2400 27.00 (Quoted in dollars per million marks. Hamburg 4'os 191 .. 35.00 45.00 (Quoted in dollars per thousand marks.) German Gen Elect 4128 pre-war 2 German Gen Elect 4%s 1919 Berlin 4s_pre-war Hamburg 35 31as & 45 pre. Hamburg American Line 4' Lioyd 4% £ 225 A S Confinerz and Privat Bans .. I G Parben. ... . Disconto Gellsehatt’ ... Berliner Handles . ....... Dresdner Bank Deutsche Bank Darmstaedter Ba Heyden Chem “Mercur Bank Vienna s__N-@b German Lioyd: . " wmadiian A B G (Gen Elee SpedBIB8E, Pt £3283323283388 88! "‘*‘E 92 854% 125 51 232% 235 181 T0% 298% 104% 209! 86% 62% TT% 66% 90% 49% 113% 32% 131 101 17% 104% 60% 140% 8 12 1 2% 2% b5% 44 42% 650 22% ba% 32% 127 39 96% 89% 9% 1924 4T% 103% 78% 140 109 96% 130 88% 1% 20 16% 100 63% 104 121% 115 125 145% 112 80% 175 1. 248% 100 51% 260 4 134 FINANCIAL. Stock and Low. Dividend Rate. 37% Abitibl Power & Pap 76 ADItIbI P & P pf(6). 22 Adams Express ctfs. 20 Adams Millls (2)... 7 Advance Rumley.. 184 Alleghany Corp. 95 Alleg Corp pf (5 80% Alleg C pf (5% )xw.. 200 Allled Ch & Dye (6). 120% Allled C& D pf (7).. 371 Allis Chalm (n) (2). 28% Alpha Port Cemt(3). 17% Amerada Corp (2)... m Agricul Chem... m Agricul Ch f... Am Bank Note(ft3). 28% Am Bosch Magneto. . 43% Am Brake Shoe 3.40. 4% Am Brown Bov Elec. 85 Am Chicle (2). 20 Am Com Ale (k: 20% Am Encaust Til (2) 30 Am European Sec 50 Am & For Power.... Am & For Pw pf (7). 864 Am & For Pw 24 pf.. 19% Am Hawatian (1)... 29 Am Hide & Lea pf... 40% Am Home Prd (3.60) 29 American Ice (3). 86 Am Icepf (6). 30 Am Internat (32). 214 Am La F & Foamite, 98% Am Locomotive (8). 147% Am Machine Co (17) 41% Am Metal (3 113% Am Metal pt 3 Am Plano. 70 Am Pow & 92% Am Pow & Lt pf (6). 70 AmP&LpfA(3).. 76% Am P&L of A st (5). 28 Am Ra&Std San 1%. 15 Am Republics....... 72 Am Roll Mill (¢2)... 51% Am Safety Raz (15).. 24 Am Seating (2). 160 160 Am Tobacco (110) Am Tobacco B (110). Am Tobacco pf (6).. Am Type Fdry (8)... {Am Water Wks (c1). Am Water W 1st(6). 6% Am Writ Paper ctfs. 8% Am Zinc LA&Sm 55% Am Zine pf (6).. 85 Asso ApplInd (4). Auto-Strop Ras (3).. Aviation Corp. Del. .. 15 Baldwin Loco (new). Balto & Ohlo pf (4).. Cream (4).. Beech-Nut Pack (3).. 6% Belding-Heminway.. 28% Bendix Aviation (2). 821 Best & Company. §0 Bethlehem Steel 16% Bethlehem St pf (7).. 47% Bohn Alumn&B (15). 70 Bon Ami Co (t5). 3% Booth Fisheries. 53 Borden Co (3). - 29% Borg Warner 6 Botany Con M (A 10% Briggs Mfg..... 25 Briggs&Stratton(2). 2 British Empire Steel 17% Brockway M T (3 40 Bklyn-Manhat 79 Bklyn-Man pf (6). 7 Brookly® & Queens. . Bklyn Union Gas (6) 36 Brown Shoe Co (3) 22% Bruns-Balk-Col(3).. 4% Bruns Ter & Ry 8. 14 Bucyrus Erie (1) 26% Bucyruscv pf (23%4) 9 Budd (EG) (1%). 30 Bullard Co (12) 24 Bulova Watch. 89 Burns Bros A ( 22% Burns Bros B. 2 Butte Copper & Zinc. 50 Byers(AM 20 By-Prod Coke (1), ©€3% Calif Packing (4). 1 Callahan Zinc & L... 90 Calumet & Ariz (10) Calumet & Hecla(4) 30 10 31 21 35 Cent RR of NJ (112). 3 Century Rib Mills. 13 47% Certain-teed pf..... 18 Checker Cab Mfg Co. Ches & Ohto (10) Chi Great Westn pf.. 18% Chi Mil St P&Pac. 30 Chi M1l 8t P&Pac of. 79 Chicago & N W (5).. Chi& N W pf (1).... 21% Chi PneuTool......s 48% Chi Pneu T pf (33).. 110 ChiR1&Pac(7).... 95 ChiR1& Pacpf (6). 104% Chi R1& Pac pf.(7). 29 Chickasha CO1l (3). 44% Childs Co (2.40). . 80 Collins & Alk pf (T) 32 Colo Fuel & Iron. 62% Col G 100 Col Gt ElpfAS). 86 Col Gas & El pf B (5) 57 Col Gas&E rets ptpd. 17% Columb Graph(87c).-303 26% 119 Columblan Carb(16). Com Credit i2)... 382% Comm Credit A (3). 81% Comm Invest Trust.. 89 Com Inv Trpf(6%). 20% Comm Solvents (n). 10 Commé&So(bb%stk). 44% Conde Nast Pub (32). 11° Congoleum-Nairn :3% Cong Cigars (15% 4} Contatner Corp B... 254 Cont) Bakt 4% Cont) Bakin; 83% Contl Baking pf (! 41 Contl Bank NY ®). 192 9 El(2)...] 19 Sales— Add 00. High, 1 1 2 58 5 80 215 5 122 20 45 1 29 % ¢ 101% Low. Close. C! 41 41 74 1 105 2% 5% 1 105 2% 5% Prev. | —~Prev. 19290, lose, | High. Low. 39% 79 5 10% 10% 10 264 26% 26% 98 89 122 284 99% 89 210% 210% 209 122 122 43% 29 22% 7 26 93% 35 48 "% 101% 281 155 229 219% 222 9 192 33 192 186 186 186 188 1 116% 115% 115% 2 140 96 77 140 70 140 70 3 100% 100% 100% 9% 2 14 23% 21% 2 B 6% 9% 9% 1% 6% 1 63% 63% 63% 82 41% 14 38 19 29% 8 80% % 3% 5 63 36% 36% 28 80 6% 3% 62 36% 26% 28 80 6% 3w 63 27 12% 11% 11% 1 26% 25% 25% 7 8T% 33 35 25 233 9 101% 72 37 28 4 80 37 33%, 226% 101 24% 37 34% 2254% 101% 24% Baltimore & Ohlo (7) 55 119% 117% 118 43 19% 17% 18 1 84% 84% 84y 2 0% 70% T0% 13 T4 6% T4 Dg 37% 33% 34% 384% 8 121 7 59% ¥ 96 129 4 98 6 105% 3 29% 12 39% 0 73% 3 102% 1 93 3 b8 36 3% 4 65% 34 6 12% 102% 93 58 38% 215 89% 89K 120 120% 1. 55% 59% 102% 93 58 24 24% 151% 152 26% 26 B4 19 164 49 26% 9 65 2 125 664 3 - 83 96% 8814 93 20 | 54 74 4 64% 8T% 6 12% 30 2 Stock and Sal Dividend Rate. 92 gg% Contl Can (2%).. rpet. . Crossley Radlo . 40 Crown Cork & Seal.. 77% Crucible Steel (5 % Cuba Cane Sugar... 2% Cuba Cane Sugar pf. 7 Cuba Co. Sugar. . 38% Cudahy Packing (4). 107% Curtis Publishg (17) 7% Curtiss Wright Corp 14~ Curt Wright Corp A. 59% Cutler-Ham (3%)... 63 Cuyamel Fruit, 21% Davison Chem 141% Delaware & Hud ( 1204 Del Lack & W (17). 49 Denv&RG W pf. 33 Devne & Ray A (13). 6% Dome Mines (1).. 12 Dominion Stra(1.3 71 Drug Corpn (4). 2 Duluth SS& Atl 25 Dunhill Inter (34 13% Duplan Silk (1)..... 80 Du Pontde N(tél). 110 Dupontd N deb (6).. 19 East Roll Mill (1%). 162 Eastman Kodak(18). 27 Eaton Axle &S (3) 60 Eitingon pf (6%) 50 Elec Auto Lite (6 3% Electric Boat....... 3214 El Pwr & Lt (1). 102 ElPwr & Ltof (T).. 73 Elec Stor Bat (5). 3% Elk Horn Coal. . 3% Emmerson-Brat A... 54% Endicott-John (6) 31 Eng Pub Serv (11).. 90 Eng Pub Sve pf (5).. 84% Eng Pub Svo of (5%) 31% Equitable BIAR(2% ) Eureka Vac Cl (4) Evans Auto L(32%). 29% Fairbanks Morse (3) 3614 Fash Pk Asso(k2%). 95 FeaM&SDpf(7).... 5 Fed Motor Tr (80¢).. 37% Fed Watr SerA 2.40. 63 Fid Phen F Ins (2).. 35% Follansbee Bro: 40 Florsheim Shoe A. 34 Foster Wheeler (1 20 Foundation Co. 40 FoxFilm A (4). 24 Freeport-Texas 99 Fuller pr pf (18. 5 GabrelSnubA... 65% Gamewell Co (5). 3% Gardner Motor...... 81 Gen Am Tnk Car($4) Gen Asphalt. 74 42 GenClgar (4). 403 195% Gen Electric (16). 11% 11 Gen Elec spec (60c 81% 35 Gen'l Food Corpn (3) 112 70 Gen Gas&El A (e1%) 89% 50 Gen Mills (+3%) 100 88t% Gen Mills Df (6)..... 91% 33% Gen Motors (43.30).. 126% 117% Gen Motors pt (7)... 52 30 GenOutd Adv A'(4). 91 Gen Outd Ad vtc (2). 25 Gen Public Serv(b) 70 Gen Ry Signal (5)... 54 Gen Refrac (t414).. 94 Glllette Saf Raz(c5). 15 Gimbel Brothers. ... 72 Gimbel Bros of (7).. 26 Glidden Co (m32) 10 Gobel (Adolf). 31% Gold Dust (24)..... 105% 42 Goodrich BF (4).... 115% 104% Goodrich pt (7). 1564% 60 Goodyear Tire (5)... 94 Goodyear 1st pf (7).. 20 Gotham Silk H (23%) 4 Gould Coupler. 7% Graham-Paige 7% Graham-Paige 62 Granby Copper (8. 43% Grand Stores (1).... 93 ‘Grand Unfon........ 30 Grand Unfon of (3).. 40 Granite City St (4). 44 Grant (WT) (eD). 93 Grt North pf (b 931 Grt North pf et (5).. 19 Grt Nor Ore (a1%).. 80% Grt West Sug (2.80) Grigsby Grunow (2) Guantanamo Sugar. Gulf Mo & North.... Gulf Sta Steel (4), Hahn Dept Stores. Hahn Dept S pf(8%) Hartman B (1.20) Hayes Bodv b3 ¥, stk Helme (G W) (17).. Hercules Powdr (3). Hershey Chocolate. . 3% 75% Hershey Choo of (4). 106% 104 Hershey Ch pr pf(6). 15 Hoo (R)&CO....... 26 Holland Furn (e2%). 17% Houd Hersh B (1%). 90 Household Prd (t4). 26 Houston Ofl... 40 FHowe Sound (4% 84% Hud & Man Ry 3.50.. 42 Hudson Motor (5)... 18% Hupp Motor (£2) 1531 123 Iilinol= Central (7).. 39% 17% Independ Of1 & G (2) 321% 3% Indian Motor Cycle.. 53 13% Indian Refining. 1 51% 11% Tndlan Refining ef 185 75 Industrial Rayon 223% 120 Ingersoll-Rand +6%. 113 78% Inland Steel (3%)... 66% 22 Inspiration (4)...... 15 Interboro Rap Tran. 5% Intercontinental Rub 4 Intl Agricultural.... 149% Intl Business M (5). Int} Cement (4), Int Corubustion. Intl Cmb Eng of (7)., ntl Rarvester (234). Intl Harv pf (7)..... Int Hvdro E1 A (62). Intl Match pf (3.20). “Int Mer Marine etfs.. 26% Int Nickel of Can(1) 23 Intl Pap & P A(2.40) 14% Intl Pap & Pwr B 10% Intl Pap & Pwr C. 80 Intl Pap & Pwr pf(7) 43% Ttl Print Ink (2%). 77% b4 IntShoe (2% 159% 118 Intl Silver (8). ... 149% 61 Int Tel & Teleg (2).. 38% 23% Intertvpe (ft1%). 25 Inter Dept 8t (2).... 26% Investors Equity(2). 39 Isiand Creek Coal(4) 9 / Jewel Tea (4) 94% Johns-Manvil 1% Jordan Motor Car. 60 Kan City Sou {5).... 20% Kaufmann DS (1%) 33 Kayser Jullus (4)... 184 Keith-Albes-Orph. .. 76 Keith-Albee-O pf (7) 4 Kelly-Spring Tire... 20% Kelsey Hayes (2). 5 Kelvinator Corp. 63% Kennecott (5). 40 les— Add 00. High: 82 57% 87 45% Kimberly Clrk(2%).. Raat Kress (SH)Co (n1). 24% Kreuger & Tol(1.34). 2 41 Kroger Gr&Bak(cl). T2% W% 110 8114 Liggett & My B (15). 82% Lima Locomotive... 40 Link Belt (2.60).. 40 Lia Carbonie (t4 13 45% Loose-Wiles (2.60).. 14% Lorillard (P) Co.... 70 Lorillard (P) pf (7). 7 Loulsiana Ofl....... 28 LouG&EIA(1%). Louls & Nash (7). 38 3 2 5 a0 131315 3 12 5% 86 B4u 9 131% 129 —~Prev. 1920 High. Low. 108% 33 us 46 108 Stock and Sales— Dividend Rate. Add 00. m;n. Ludlum Steel (2). ... 4 Ludlum Stl of (6%). 0% Mac A & Forb(12. McK: McKes & Rb pf(3%). MecLellans S(A)m20. Mack Trucks (6).... Macy (RH)&Co(ct3) Madison Sq G (1% ). Magma Cobper (§) Mandel Brothers Man Elec Supply. ... Man Elev mod (d5). Man Shirt (2)....... Market St Ry pr pf.. Marlin Rock (13%). Marmon Motor (4).. Maytag Co (12)..... Maytag Co 1t pf(6). Maytaz Co of €3). .. Mengel Company (2) * Mexican Seaboard. .. Miami Coprer (4). Mid-Continent P (2) Middle States Ol ct.. Miller Rubber....... Mirin Moline Pwr. Minn & St Lout: Mo Kan & Texas. ... Mo Kan & Tex pf(7) Missour Pacific. Missour! Pac pf (5). Mohawk Carpet 12% Monsanto Ch (g1%). Montgomry Ward(3) Moon Motor (new).. Morrell J (3.60)..... Mother Lode (40¢) Motor Meter G & E.. Motor Products $10. Motor Wheel (4).... Mullins Mfg........ Munsingwear (+3%) Murraay Corp (k3).. Myer(FE)& Bro (2).. Nash Motors (6).... Nat Acme (1%). Natl Air Trans....., Natl Bella Hess(11). Nat Biseult (+73%).. Natl Biscuit pf (7). . Natl Cash Reg A (14) Nat Dairy (12). Natl Radiator... Natl Radifator pf.... Natl Rys Mex 24 of.. Nat Supply (110). t] Surety (6). Nat Tea Co (2) Nelsner Brothert Nevada Copper (3).. Newton Steel (3).... N Y Alr Brake (3) 1 N Y Ont & West..... Norfolk South (234). Norfolk&Wstn(+10). North Am(b10%stk) North Am pf (3) North Am Ed of (6). Nor Ger Lloyd(3.41). Northern Pac (5 North Pae et (5) Norwalk Tire & Rb.. Oliver Farm Equip. . Olivr Fr Ep cv t(3). Olivr Fr Ea of A(6). Omnibus Corp. . Otis Elevator (6). Otis Steel (2%). Otis Steel pr pf ( Owens 111 Glass (4).. Pacific Gas & B (2).. Pacific Lighting (3). Packard Motor...... 3 Pan-Am Petroleum. . Pan-Am Pete B Panhandle P& R.... Panhandle P & R pf. Paramount:F-L (3).. Peerless Motor Car.. Penick & Ford, Penney (J C) Penn Coal & Coki Penn Dixie Cement.. 13 Pennsvivania RR(4) 204 Pet Milk (1%).. 1 Phelps Dodge (3). Phila & Read C& T Phillips-Jones (3) Philip Morris (1) Phillips Pete (1% Plerce-Arrow A. Plerc All;row ot 1l pf. Plerce Petroleum. Pillsbury F1 (12%).. Pirelli Co A (2.88)... Pittsburgh Coal..... Pittsburgh Coal pf. . Pittsbeh Screw 1.40.. Pitts& W Va (6).... Poor & Co (B) (2)... P Rican Am To (A)7 P Rican Am To (B).. Postal Tel & Cpf(T). Prairie Of1&Gas 13% Prairie Pips L t4% Pressed Steel Car. Pressed St1 C pf (7 Proc & Gamble (2) Pub Sve E&G pf(6). Pullman Corp (4). Punta Alegre Sugar. Pure Ofl (1%). Purity Bakeries (4).. Radlo Corp. Radio pf A (3%) Radio pf B (5).. Radlo-Keith-Orph A. Rallway & Exp (2) RRSecICstkC(4). Raybestos Manhatn. Reading (4)... Reading 1st pf (2) Reading 2d pf (2). Real Silk (§). Rels (R) & Co. . Rels (R)&Co 1st(T).. 1 Remington-Rand 1 Reming-Rnd Reo Motor (11.40) Rep Brass Corp. Rep Brai . Repub Ir & Steel (4).. Rep Ir & Stl pf (7) Reynolds Spring. Reynolds Tb B(2.40). Richfield O1l (2)..... Rio Grande Ofl (k2). Ritter Dental (234).. Rosaia Ins (220).... Royal Dutch (a3.20). Safeway Stores (3) 20).... Sears Roebck (12%). Second Nat Inv Corp Seneca Copper. Servel Ino. 25% Sharon Steel H (2).. 21 . Close. 0% 116 1 41 1% 19% 18 15% 170 119 105% 9 10% 23% 7% 10 30 30 Wall Street Briefs By the Assoclated Press. ‘The Baltimoré & Ohio Railroa_ has ordered 50 passenger cars froml the Pullman Car & Mrcnufacturing Corpo- ration, the Nickel Plate 10 caboose cars from the Canton Car Co. and the Transcontinental Oil Co was reported to have ordered 100 tank cars the American Car & Foundry Co. Structural steel awards for the past compared ceding week. uiries 25005 ¢ about 53/000" toner*d Stockholders of the Equitable Trust Co4 with which the Scaboard National ing al uu:l next Mo?d';y anniversary of the ‘The £6%i1.02 orciock. TRANSACTIONS ON THE NEW YORK STOCK EXC Prev. Close. 67 144% 13% 51% 20 21% 20 38% 47% 18% 16 16 163 118% 106 9 9% 23% 30 ‘The Ford Motor cable advices to Chamber of Comm 58 261% 161% U S Steel (18). % 58% 28 65% 15 97% 70 Virginia-Car pf (7).. 36% 22 Waldorf Systm (1%) 49% 22% Walworth (1.20) 59% 143 - 103 62% 17% Zenith Radlo (2).... 3 1 % Y% 82 10% 34 8 paynients based 4 %ald | in_stock. £ Plus 10% 1n tock. in stock. 'k Plus 15% 1/28 of ' share in’stock """ A - | 5 50 Sharp & Do pf (3%). 26% Shattuck (F Q) (1).. 19 Shell Unfon (1.40)... FINANCTIAL, NGE Stock and Sales— - Dividend Rate. Add 00. ag;u l:l' 5 45 3% 15 Shubert Theater (5). 1 6 62% Simmons Co (g3). 18 Stmms Pet (1.60). 22% Sinclairofl (12%)... 28 Skelly Ol (2). 4 Snider Packing 18% Snider Packing pf... 90 Sclvay Am Inpf6%. 25% So Porto R Sug t2%. 6L Southern Cal Ed (2). 5 Southern Dairies B,.. 1574 115% Southern Pacifi Southern Rwy (8 Southern Ry pf( Spalding (AG) (2) Spanz-Chalfant. Sparks Withngtn(1). Spencer Kelg(1.60).. 241 Splcer Mfg. ... ... 41 Spicer Mfg pf (3)... Spierel-May-St (3). Stand Brands (1%). Stand Com Tob (1).. Stand Gas & El (3%) Stand G & E pf (4).. 1 Stand Inv Corp (b6). 51% Std Oilof Cal (h214) 48 Stand OIINJ (72). . Stand OfI N Y (1.60). 30% Starrett(LS)Co( 11 Sterling Sec A)..... 11% Sterling Sec pf(1.20) 31 Sterling Sec cv pf(3) 30 Stewart Warn(j3%). Stone & Wi Studebaker (15) % Submarine Boat 67 SunOil (p1). 7% Superior Oil. 156 Superior Steel.... 8% Sweets of Amer (1) 4 Symington 16% Telautograph 11.05.. 10 Tenn Cop &Ch (1).. 50% Texas Corp (3). . % 45 Tex Gulf Sul (4) 115 Texas& Pac (5)..... 9% Texas P C & Ofl (b5) 6% Texas Pac Land Tr.. 16% Thatcher Mfg. 81% The Fair (2.40). 7% Third Avenu 30 Thompson J R (3.60) 12 Tide Water Asso.... Asso pf(8) Water Ofl pf(5) 11% Timkn Det Axle 1800 70% Timken Roll 1 Tobacco Products 0 55 106% 3 95 €674 529 6 183 1 3 1 34% 50 16% 2 13 8 39% 52 43% 24 88 162 47 4 1 2 65 284 8% 11 20% - N | 2 4 L L 1% Tobacco Prod ctfs. .. 7 Tobacco Products A. 6% Top Prod ctfsA..... 3% Tob ProddvctfsA.. 81 Tob Prod dv ctfs B.. 5% Transcontinental. 324 Trico Prod (2%). 14 Truax Traer (1.60). 40 Truscon Stl (£1.20 28% Twin City Rp T (4 8644 Underw-E1-Fish(4). 10 Union Bag & Paper.. 65% Union Carbide(2.60). 43% Un Ofl of Cal (32) 57 297% 200% Union Pacific (10) 85% 80% Union Pacific pf (4).. 163% 121% Union Tank Car(6).. 1 4% Utd Cigar Stores. -« Utd Cgar Stores ctfs Utd Electric Coal(3) 99 Utd Fruft (eé)...... 22 UtdGas& Imp (1).. 90% Utd Gas & Im pf(5).. 20 Utd Piece Dye Wks. 6% United Stores A. 29% Utd Stores pf. 12 USPipe& Fdry (2). 15 U S Pipe 1st pf (1.20) 57 U 8 Realty (5). . 15 US-Rubber..... 44 U S Rubber Istpf... 29% U 'S Smelt Ref (3%). 48 U S Smelt Ref pt 3% UtlPwr& Lt A Vick Chemical(23).. 3% Virginia-Car Chem.. Virginia-Car 6% of.. 1% Ward Baking B. 0 'd Baking of . 64% 82 Warner Bros Pic (4) 59% 254 Warn Br P pf(2.20).. Warner-Quinlan (2). Warren Fdry & Pipe Webster-Eisenlohr. . Wess Oil & Snow(2). Wess O & Sn pf (4).. Western Maryland.. Western Md 2d pf. .+ Western Paciflo. Wheeling & L E pf. White Eagle O1l (2)., ‘White Motors (2)... White Rock M S (3). White Sewing Mach.. Wilcox Rich(A)2%.. 12% Wilcox Rich B (¢2).. 5% Willys-Over (c1.20).. 80 Willys-Over pf (1) 43 Worthington Pump.. 77" "Vorth Pump A (7).. 66 Werth Pump B (6) % Wrigley Wm (4) 61% Yale & Towne (15) 10% Yellow Truck&C... 33% Young Spring (3)... Young Sheet & T (5) RIGHTS EXPIRE % Allis-Chal.p.Oct. 31 % Am. Roll. M.Nov. 15 % Arch-Dan M .Nov 12 3% Bangor&Aroos Nov § % Bucyrus Erie. .Dec 2 6 lase (JI) % Col Carbon 21% Det Edison. ..Dec. 23 1 Gen. Asphalt.Nov. 27 % Gen Gas&El,.Dec 16 1% Grant (WT).Nov 26 % % v 21 «.Dec 31 38 87y 115% 115% 115% 53 19% 16% 18% 18% 54 70 124 21 % % W 1% CR ) 37 154 180 3 ko W 114 2% 2% 2% 25% 254 24% 1% 1% 1% % Y 1 3% 1% 2% k) W k) % W bl ked % % AT 06 e 9 ) ey 264 1% 1% 1K 1% Sales of Stocks on New York Exchange. AM.... 897,300 1 Dividend rates as given in the above table are the annual cash he % carly’ decluratigne: i *Unit of trading It an 100 ock. " d Pavable The Ted stock. Pa; 2:00 Noon...... 2,218,900 latest quarterly or hall % shares. tBarti Plus Shuis 3% stock. m Plus GAINS IN'STOCKS BRING OUT SELLING Opening. Advances Are Cut Down by Profit- Taking Sales. By the Assoclated Press. NEW YORK, ‘November 8.—Stock prices rallied briskly at the o) of today's market and then fell back sharply on .what appeared to be the sale of support stock purchased yester- day and profit-taking by professional traders, who were disinclined to stay long of the market over the two-day holiday. Trading was back to & normal volume, although the exchange was again opened only for three hours. Early Gains. Early gains in the leaders ran from 1 to 10 points, with a few specialties showing larger advances, on buying in- fluenced by the sustained recovery in yesterday's session, and the unex- pectedly large drop of $656,000,000 in Federal Reserve brokers' loans. The demand quickly tapered off, however, and prices began to recede around the end of the first hour, many of the early gains being cancéled, and a number converted into losscs of 1 to 5 points. Call money renewed unchanged at 6 per cent, with the demaund moderate, and time money was in fair supply at the same rate for all maturities. The day’s business news was rather colorless in character, although most of the earnings reports publish'd made favorable comparison with a year ago. Rumors of another large increase in the monthly tonnage statement of the United States Steel Corporation to be made public at noon tomorrow had a stabilizing influence. Price Changes. U, S. Steel common was in the bellwether of the market. Op:::nt un- changed at 174%, the stock advanced to 17593, broke to 171, and then crossed 173 on the rebound. .Auburn Auto lost most of an initial gain of 31 points. American Telephone, Sears-] Johns Manville, General Electric, Radio and several of the cther leaders lost their early gains and sold 1 to 5 points l%w;;.m ulln!on Pacific dropped nearly LOAN FOR COTTON GROWERS APPROVED By 15;:: Associated Press. e Federal Farm o proved a loan of Hot excoeding $5000- 000 to the Staple Cotton Co-operative Association to supplement loans to that organization from other sources, The loan will enable the association to make advances to its member grow- ers on the 16-cents-a-pound basis, and constituted & revision of a former loan of a small amount by the board. ety Biorts B e -0 ive - tion at Raleigh, N. C., to suj loans obtained from the ediate . Of this board advanced'$493,000 on m A commodity loan of $500,000 made to the North Dakota-Montana Whesat Growers’ Association .of Grand Forks, N. Dak, was increased to $2,500,000, ‘tz;ptln:lm‘nm of a commodity loan, to lement loans from the In - ate Credit Bank at St. Paul, peeaa —e SHORT-TERM SECURITIES. (Reported by J. & W. Sel Allis-Chalmers Co. Ss Co., to i according Bank was recently merged, today ap- proved the complele plan for readjust- ment of the company’s capital by add- it $44,000,000 an tablis] it of a $25, affiliate. ‘Trading on the New York Stock Ex- change will be suspended for two msn-“ in observance of the of the armis- be from 11 for the es- 000,000 securities Gdynia, which production of about 300 cars a month. ‘The gold movement at the New York port of | the ratio of from October 31 to Novem- | of record November ber 6 includes imports of $746,009, of which $700,000 was from Argentina and $46,000 from other Latin American countries, and exports of $6,500,000, all ot which went to France. Gold ear- marked for foreign account increased $1,000,000. Directors of the Columbla Gas & Elect ation announce that the to tric management of the system is ke, natural §as directy Bvebabl | to distribu com| | cities 1n Wflfi‘rfln’ have not ore been so serviced. Stockholders of the N ha been oiTered Tights t0 Subseribe 1o addl tional common stock at $20 a share In 1 nh-n“formhmheld nei’-:hi Hud.' Ry. Co. gguén ElL Ilum. Bost. First Mortgages Now Available JAMES F. SHEA 643 Louisiana Ave. N.W. Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques 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 B COOPER, President