Evening Star Newspaper, November 13, 1929, Page 14

At 3:15 o'clock the ticker was still running. See edition for closing quotations. to the tremendous 1 impossible to get the 9% 3% Several Local Financiers to | m-n !'57% nu‘.’é?fi’fi.’: e g M40 Hah, Lo Serve Southeastern In- vestment Group. BY EDWARD C. STONE. The following standing committees for 1929-1930 for the Southeastern group of the Investment Bankers' Asso- clation of America were announced to- day by C. T. Williams of Baltimore, thairman of the group. ‘The membership of the Southeastern it 100 of the rep- ‘which includes in its territory Mary- land, District of Columbia, North ana South Carolina, Virginia and West Vi~ ginia. The committees: Legislation—T. Stockton Matthews (chairman), Robert Garrett & Sons, Baltimore; Paul V. Keyser, attorney, ‘Washington; Montague Blundon, Ka- nawha B-nkln‘ & Trust Co., Charles- ton, W. Va.; R S. Small, South Caro- lina Security Co., Charleston, S. Randolph C. Bu—rl.son. State-Planters Bank & Trust Co.. Richmond. Membership—Harry F. Middendort (chairman), J. Wlll.llm Middendor! & Bern d PFeustman, Frank, rg & Co.; Walter S. Robertson, Scott & Stringfellow, ~Richmond; George S. Shriver, Hambleton & Co. Business practice—Iredell W. Igle- hart (chairman), Baltimore Trust Co. William G. Baker, Baker, Watts & Co.. John G. Bi jen, Strother, Brogden & Co.; Eugene €. Thompson, Crane, Pax- 1is & Co., Washington. Enwmmment—ouy H. Reese (chair- man), Townsend Scott & Son; Harry b A Bwope Alexander Brown & Sons; Thomas S. Trail, Colsten, Heald Ind Trail; Benjamin D. Willlams, jr., J. A. w. lllehlrt. & Co.; C. Alfred Spilker, quitable Trust Co. mudulent advertising—John P. Baer (chairman), John P. Baer & Co.; Harry W. Neepler, J. S. Wilson, jr., & Co.; Y. E. Booker, Y. E. Booker & Co. ‘Washington; Euaene L. Miles, Balt more Trust Co. New Dlnfldr Is Elected. The Secu Pinance Corporation announces t‘;:‘:y election of Harry M. Keyser as & _member of the board of directors to fill the vacancy caused by the death of T. Lincoln Townsend. Keyser is secretary of the Washing- ton Railway & Electric Co. and a di- Tector of the Munsey Trust Co. The Security Finance corponthn is a firm of commercial bankers located in the Investment Building. s ‘While the country as a whole show a loss in savings bank depotis {or the | Wi of $4 per inhabitant. a dlflmnz story in Maryland. Virginia. Soun almost 90,000 depositors, Virginia uwrtedulmoluooolnthe same whole United States the Albig show in savings ac- however, the ern States, but Kentucky and Missis- sippi had substantial n!nl. qn—.dum ‘The' ‘merfibers 'gf 'the -Washington Swek m ve been invited h n_oyster roast afternoon at 2 ncloex at Wild Rose near An- napolis, hy Maj. Ennalls Waggaman, Frank Pryor, in Wagga- man & anner and George O. Wal- son, president of the exchange. Some uve.ly bidding for oysters is e: m latest trends and newest ‘methods will be dm:uned tomorrow in business evening at the Masonic Tem] Marchand, University ~ The organization has extended an invitation to Washing- ton bankers and business men to be present. American Stores Co. sales for the five ks ended November 2, 1919, amounted to $14,024 524, against $13,380,515 for the same weeks in 1928. Sales for 44 weeks ended November 1, 1929, totaled llll 686,286, against $114,137,527 for the me period last year. Bepumber net npen(lnl income of the American Telephone & Telegraph Co. was $2,303,085, an increase of $347,- 082. Nine months' net amounted o $20,667,136, an increase of $2,059,023. The Federal Farm Board has ap- proved loans of $4,000,000 to Southérn cotton co-operative associations in two supplemental commodity loans. Exchange Closes Saturday. The governors of the Washington | Stock Exchange voted today to close the eXcha again Saturday as the New change will be closed on thav ing today was rather moderate but l!ll!l'elunl Washington Gas Cs, series the transactions in bonds, $2,000 lnd $1,000 denominations chang- ing hands at 99%, the first time these bonds have sold below 100. Railway & Electric 45 came out at 81, Washing- ington Gas 5s at 97 and 984 and Ana- costia & Potomac Rallroad 5s at 98¢. Ten shares of Riggs National stock sold at 523 and five more at 520, a new low mark on the present move. Fifteen shares of American Security & Trust sold at 420, also a new low. Ten shares of Security Savings & Commercial came out at 460. Potomac Electric 5%s per cent pre- ferred sold at 1023;, Lanston at 113%%, Merchants’ Transfer & Storage prefer- red at 98. Washington Mechanics’ Mortgage common sold at 11 and Rail- way & Electric preferred at 93%. GRAIN MARKET. CHICAGO, November 13 (#).—Grain prices averaged higher today, notwith- standing that at times wheat, rye, corn, oats and provisions all tumbled to new low-price records for the season. Stock market unsettlement was the main de- pressing factor. On the other hand, active demand for wheat to be shipped overseas counted as a decided stimulat- ing influence regarding grain, New export . business in North American wheat today was estimated as totaling 1,800,000 bushels. ‘Wheat closed firm, 1% to 1% hgher than yesterday’s finis Rye closed at 34 to ' net advance; corn showing 1% gain; oats, 7. Rye closed at 4 to net advance; corn showing % to 1% gain; oats, s to 1% up, and provmom unchanged 0 27 down, WHEAT— cember . a bushel Y g High, 1. 28 8 ags B Fatal sm in lme Flght , Ky, November 13 (#).— hed in & mine tunnel near here smoke cleared l!!u 70 34 9 354% 200 125 75 120 B1% 655 4T% 981y - 199% 4z 524 54 HQ’fi 279% B1% &5 4% 11 60 327% 3104 282% 285 le by G. ok it of flle National % 617% 86% us% 2% 15 ADItibl P & P pfe0). 69% 69 22 Adams Express ¢ 2 20 20 Adams Millis (2) 22 4 9 17 % 1% 22 Alleg Cnru M 1lu) 80% Alleg Cpf (5% )xw.. Allled Ch & Dye (6). 120% Allled C& D pf (7).0 120 l;:% Alpha Port Cemt(3) 28 17% Amerada Corp (3) 18 4 5l 2 19% % 8 83 ¥8Y% 200 197 28% Am Bosch Am Brake Snoe 3. 110% Am Car & F pf (1)‘.. 30% Am Chicle (2)... 20 Am Com Ale (I\.fl). 20% Am Encaust Til (2).. 30 Am kuropean Sec... 50 Am & For Power...e 19'% Am Hawaiian (1). 2%% Am Hide & Lea pf... 40% Arm Home Prd (3.60) 29 American lce (3).... 86 Am Jce pf 16), - 29% Am Internat (32).... 2y Am La F & Foamite, 92 Am Locomotive (8).. 112 Am Loco pf (7). 147% Am Machine Co ( 39% Am Metal (3).....00 Am Metal pf (6). % llt% 112 159% 144 39u 314 106 106 3% 3% 40 57 100 Am Sugar Rfg pf( ). 24% Am Sumatra (3)..ee 17 Am Tel & Ca 193% Am Tel & Tel 160 Am T co (110)..4 160 Am Tobacco B (110). 120 Am Type Fdry (3 52 Am Water Wi (cl). 97 Am Water W 1st(8). 207 1754 171 176% 170% “19% Artloom (2). 24% Art Metal (13%) 35 Asso ApplInd (4). Asso Dry G (3%) 195% Atch T& S Fe (10).4 Atch T&SF pf (5). 165 Atl Coast Line (110). 324 AUG& W Indies.s.. 45% AUG&WL D"(‘) Auto-8: robnn @), 6 Aviation Corp. Del. .. 15 Baldwin'Loeo (new). 110% Baltimore & Ohio (7) 75 Balto & Ohlo pf (4).. 55 Bang & Aroos (3%).. 314 Barnet Leather. 20 Barnsdall (12%) 28% Bendix Aviation 20% Best & Company. 80 Bethlehem Steel (6). 116% Bethlehem St pf (7). 28 Bloomingdale Bros. . 47% Bohn Alumn&B (16). 70 Bon AmiCo (16).. 3% Booth Fisheries..... A) 40 Bklyn-Manhat (4)... 78% Brooklyn Man pf(7). 7 Brooklyn & Queens. 46 Bkiyn&Queens pf(4) 100 Bkiyn Union Gas /5). 86 Brown Shoe Co (3) 20 Bruns-Balk-Col(3) 4% Bruns Ter & Ry S. 2614 Bucyrusev pf (234).. 9 Budd(EG) (1%)..u 23% Bulova Watch. 89 Burns Bros A (8) 22% Burns Bros B.. 29 Burroughs A M 1.80 33 Bush Term (g2)..... 2 Butte Cop & Z (50¢) + 5 Butte & Superior (2) 50 Byers (A M). 20 By-Prod Coke (1) 63% Callf Packing (4) 1 Callahan Zinc & L. 80 Calumet & Ariz (10 25 Calumet & Hecla(4). 22 Campbell Wyant (2). 45 Canada Dry G A (6). 191% Canadian Pac (10)... Cannon Mills (2.80).. Capital Adm (A). . Capital Adm A pt(3) Case (J 1) (6). Cavanagh-Dobbs Celotex (3).. Cent Aguirre As 1% . Cant Alloy Steel (2). Cent RR of NJ (112). Century Rib Millg. Cerro de Pssco () > 48% Chi Pneu T pf (33). 108% ChiR1& Pao (1).... Chi R1& Pac pf (7). 29 Chickasha COH (3). 44% Ch1lds Co (2.40)....0 55 Chile Copper (15)... 28% ‘Chrysler Corp (3)... 40 gfi: Ice & F (3.60) 7% City Stores (1) 35% Cluett Peabody (l).. 116 Coea-Cola (4). 44% Coca Cola A (3). Collins & Alkma. 78% 30% Colo Fuel & iron, Com Inv Tr pf(63%) 10 Com Inv Trst war... 20% Comm Solvent; 15% Consol Film pf (3). Conlnl Gn. NY (4) on the New York dividual sales at . Prev. 3:15. Close. 3% (34 20% 8% 19814 201 19 35% 28 18 114‘ 1156 145 165% 31% 39% 106 107 31 1% am 5% 59% wsu, 116 45% 45% 14 16% 28% 30% 63% 55 101 102% 23 424 58 17% 19% 106 _ 115% 23 —Prev 1929~ ‘1"'\. lll)\‘ 28% Stock and Low. Dividend Rate. 4% Conu Baking B. 83% Contl -.Iuiu of (8).. 40'% Contl Can (2 4534 Contl insurance (37 6% Contl Motors (30¢). . 21% Contl Ofl of Del....e 75 Corn Prod %) 20% Coty Ine (x2). 20 Crossley Radio (11). Crown Cork & Seal. . 17 Crown Zellerbach (1) 77% Crutible Steel 15). 107% Curtis Publishg (17) 112% Curtis Publish pf(7) 7% Curtiss Wright Corp. 14 Curt Wright Corp A. 584 Cutler-Ham (3%). 63 Cuyamel Fruit. 21% Davison Chem. 25 Debenhams (al59).. lllw Delaware & Hud (9). Detcoit Edison (8). ., Devoe & Ray A (13). 65 Dome Mines (1). Duplan Silk (1), Pont de N1 4 109% ‘Dripont a4 N deb (6) 96's Duquesne 1st of (5). 19 East Roll Mill (1%). 158 Eastman Kodak(18). 26% Eaton Axle & S.(3).. 11% Eftingon-Sch (2%).. 59 Eitingon pf (6% )., 50 Elec Auto Lit, 34 Electric Boat 31K K Pwr & Lt (1). 102 El Pwr & Lt of (7) 73 Elec Stor Bat (5) 3% Rk Horn Coal... 3% Emmerson- 51’4 Endicott-John (6)... 108% Endicott-John pf (7) 81 Eng PubServ (11).. 89% Eng Pub Svepf (5).. 84% Eng Pub Sve of (534) 81% Equitable Bldg(2%). - 43 ErleRR...... s 57 FErie R R 18t pf (¢) 52 ErfeRR24apf (4). 38% RBureka Vac Cl (4)... 18% Evans Auto L(32%). 29% Fatrbanks Morse (3) 35 Fash Pk Assok2%). Fed M & S pf ( Fed Motor Tr (80¢).. 30 Fed Watr Ser A 2.40.. Fid Phen F Ins (3) Filene’s Son: Filenes (ctfs) First Nat Stores 1%. 31 Fisk Rubber. .. 354 Follansbee Bros (3). Foster Wheeler (1).. Fox Film A (4) 24 Freeport-Tex: 99 Fuller pr pf ( 5 Gabriel Snub A 65% Gamewell Co (§) 3% Garaner Motor. 81 Gen Am Tnk Clr(t‘) 42% Gen Asphalt. 24 Gen Bronze (2). 28 GenCable.... 70 .Gen Cable A (4) 42 Gen Cigar (4) 184% Gen Electrie (16) 11 Gen Elec spee (80c) 35 Gen'l Food Corpn (3) 67 Gen Gas&El A (e1%) 50 Gen Mills (133 88% Gen Mills pf (8) 33% Gen Motors (13.. 30 Gan Outd Adv A (4) 9% Gen Outd Ad vte (2 25 Gen Public Serv( 70 Gen Ry Signal (... 54 Gen Refrac (t4%).. 26 Glidden Co (m3). 10 Gobel (Adolf).. Goodyear Tire (5). .. 93% Goodyear 18t pf (7).. 17% Gotham Silk H (2%) 4. Gould Coupler. 7% Grabam-Paige. 7 Graham-Paige B0% Granby Copper (8. 4214 Grand Stores (1) 9% Grand Union. 30 Grand Union p! 87 Granite City Stl ll). 44 Grant (WT) (el) 90% Grt North pf (5 90 Grt North pfet (5 19 GrtNorOre (a1%).. 30% Grt West Sux (2.80). 115 Greene Can Cop (8).. 15% Grigsby Grunow (2). 2 Guantanamo Sugar. 20 Gulf Mo & North. 49% Gulf Sta Steel (4) 12 Hahn Dept Stores. 78% Hahn Dept 8 pf(8: 18 Hartman B (1.20)... § Hayes Body b8 % stk 85 Helme (G W) (17)... 26% Herculs 85 Hercul 120 71% Hershey Choo pf (4). 104 Hershey Ch pr pf(6). 22% Holland Furn (e2%). 65 Homestake Min (17). 16 ‘Houd Hersh B (1%). 45 Hsehld Fin pt 13.10.. 40 Household Prd (14)., 26 Houston Oll.wesveses 40 Howe Sound (143%) 3414 Hud & Man Ry 3.50 60 .« Hudson Manh pf(5) 43 Hudson Motor (6) 18% Hupp Motor (f2). 120 * Iliinots Central (7).. 17% Independ O1l & G (2). 3% Indian Motor Cycle. 13% Inspiration (4). Interboro Rap Tran Intercontinental Rub Intl Agricultural. Intl Agri pr pf (7). Intl Cement (4)... Int Nickel of Can(1). Intl Nick Can pf (7). Intl Pap & P A(2.40). Intl ¥ap & Pwr pf(7) Intl Print Ink (2%).. Int Shoe (2%)... Int Tel & Teleg (2) 6% Inter Dept St (2), 110 Int) Silver (18). 20 - Intertype (ft1%) 21 Investors Equity(1), 39 Island Creek Coal(4) u s Jewel Tea (4) Johns-Manville (3) Jordan Motor Car. Kan City Sou (5. Kan City Sou pf (4).. Karstadt (Rud.) Ine. Kautmann D8 (1) Kayser Julius (4). Kelly-Spring T1 Kelsey Hayes (2) Kelvinator Corp. Kennecott (6) Kimberly Clrk Kinney G R (1) Kolster Radlo Kroger Gr&Bak(cl). Laclede Gas (10) t& My B (18}, Liggeit & My of (7). Link Belt (2.60). Lia Carbonie (+4%). Loew’e, Inc (13%).. Loew's pt z w (6% )., LoftIne,.,.. "!'A 4% 424 @3 2 20 23 20 E3 % 173 Wasan 1% 11 30% 43 Stock ana Dividend Rate. Loril P) Loulsfana Ofl......e LouG & E1A (1%) Louts & Nash (7) Ludlum Stee! Ludium Stiof (%), Mac A & Forb(2.35) mun Corp (4) ry B (2). MeGraw-Hill s0n & Rob | & Rbof(3%). McLellans S(A)m20. Mack Trucks (6).... Macy(RH)&Cotet3) Madison Sa G (1% ) Magma Gopper (§). 1iinson & Co. Manati Sugar pf. Mandel Broth, Man Elev mod (d5). . Man Shirt (2).. Market St Ry pr pf. Mariin Rock (13%) Marmon Motor (4). Martin-Parry. . Mathieson Alk (ef May Dept Stors(e2 4 Maytae Maytag Meiville Shoe (1 40). Mengel Company(2) Metro Gold pf (1.89). Mid-Continent P (2). % Middle States Ofl et.. Midland Stl pf(t12)., Miller Rubber. .. Minn Honeywll 133 Minn Moline Pwr. Mo Kan & Texas. ... Mo Kan & Tex pf(T). Missouri Pacific Missouri Pac pf Mohawk Carpet +2% Monsanto Ch (g1%). Montgomry Ward(3) Moon Motor (new).. Morrell J (3.60 Mother Lode « Motor Meter G & Motor Products 10 Motor Wheel (4).... Mullins Mfg. . Munsingwear (133 Murraay Corp (k3).. Myer(FE)& Bro (3). Nash Motors (8) Nat Aeme (1%) Natl Alr Tra Natl Bella Hess(21). Nat Biseuit (+7%).. Natl Biseult pf (7). Natl Cash Reg A (14) Nat Dairy ($2).... Nati Dept Stores. Natl Distillers. Natl Lead (5) Natl Pwr & Lt (1)..0 Natl Radiator. . Nat Supply (110) Nat Tea Co (2). Nevada Copper Norfolk South (2% Norfolk&Wstn(110). North Am(b10% stk) North Am pf (3).... North Am Ed pf (8).. Northern Pac (5) North Pac et (5). Nor Ger Lloyd(3.41). Norwalk Tire & Rb.. Oliver Farm Equip. . Oltvr Fr Ep ev nt(3). Olivr Fr Ea pf A(6) Omnibus Corp. . Oppenheim Col (5). Otis Elevator (6) Otis Steel (2%) Otis Steel prof (7).. Owens 11l Glass (4). Pacific Gas & E (3) Pacific Lighting (3) .. Pacific O11 stubs. Packard Motor. Pan-Am Petroleum Paramount-FeL (3) Park & Tiiford (13) Pen (JC) pf A Penn Coal & Cok: P Pennsyivania RR(4) Pm Marquette (18). Milk (1% ) = Pn-ln Dod, - Phila & Read ch I. Philip Morris (1) Philli Philligs Pete (1%) Phoerlix Hoslery. Plerce-Arrow A Pittsburgh Coal Pitts & W Va (6). Poor & Co (B) (2)... P Rican Am To (A)7T P Rican Am To (B).. Postal Tel & Cpf (7). Prairie Ol1&Gas 13% Prairie Plpe L t4%.. - Pressed Steel Car..., Proc & Gamble (2 Prod & Refiners. Pub Sve NJ of (6)... Pullman Corp (4) Punts AlegreSu Pure Of] (1%) Purity Bakerl: Radto Corp. Radiopf A (3%). Radiopf B (5) Radio-Kelth-Orph A. Raflway & Bxp (2).. Rayb Reading 1st pf (3)..1 Reading 2d pf (2) Real Siik (5). eming-Rnd 1st (7). Reo Motor (+1.40) ‘Rep Brass Corp. . Reypol Riel Royal Dutch (a3.230). Safeway Stores (3) St Joseph Lead (13). St L-San Fran (8)... St L Southwi St L Southw! Savage Arms (2). Addflfl High. 14' ot (.. .5 23% 21% 3:15. c'l;n lm‘-ln Low. ~Prev 1 Stocl Divides 8 Schulte Rétall Strs.. 881 Sears Roebck (33%). 3 Seneca Copper. 7% Servel Ino: 25% Sharon Steel H (3).. 50 Sharp& Do bf (3% ). 25% Shattuck (F 3) (1)« 19 Shell Union (1. 2214 Sinelatrofl (12% Sinclair Ol of @i Sclvay Am In pf l‘. 25 8o Porto R Sug t23%. 51 Southern Cal Ed (2). 5 Southern Daliries B. 112'% Routhern Pacifie ¢ 122% Southern Rwy (8) Southern Ry pf(6V. .. Sou Ry M & O et (4), Spalding (AG) (2).. Spang-Chalfant. Sparks Withngti Spencer Kelg( Std Brands pf(7). Stand Com Tob (1).. 79® Stand Gas & E1 (3%) 60 StandG& Epf (4)... 18 Stand Inv Corp (b6). 51% Std Oll of Cal (h214) 48 Stand Ol 32 Stand Ol 2% Stand Plate G 11 Sterling Sec A) . 11% Sterling Sec pf(1. 31 Sterling Sec ov pf(3) 30 Stewart Warn(ja3). 71 Stone & Webster. Syperior Steel T% Sfveets of Amer (1) 16 Telautograph 11.05. T Thatcher pt 29% The Fair (2.4 644 Third Avenu 30 Thompson J R (3. 11 Tide Water Asso. 78 Tide Wat Asso pf(6) 2T% Tide Water O11(80c). 11% Timkn Det Axle 130 70 Timken Roller (3). 1 Tobacco Products 1% Tobaceo Prod ctfs 6% Tobacco Products 6l Top Prod ctfs A 514 Transcontinenta 3L Trico Prod (2%). 14 Truax Traer (1.60). 33 Truscon Stl (£1.20).. 86% Underw-Ei-Fisn(s).. 9 Union Bag & Paper. . 64% Union Carbide(3.60). 434 Un Ofl of Cal ($2). 200% Union Pacifie (10)... 804 Union Pacific pf - (5) 4% Utd Cigar Store; 1 Utd Cgar Stores ctfs 40 United Cigar Strs pf. 21% Utd Corporation. ... Utd Gas & Imp (1), 90% Utd Gas & Im pt(6) 7% Utd Paperboard..... 20 Utd Plece Dye Wks. 6% United Stores A U S Distributing. .. 29% U S Smelt Ref (334). 48 U!lmcllfldvf’l 152% U 8 Steel (18). d. 28 UUIPwr&LtA lll) 3% VadscoSales... 38 Viel cn-mlul(lu). 3% Virginia-Car Chem. . 15 .Virginia-Car 6% of.. 70 Virginia-Car pf (7).. 20 Waldorf Systm (1%) 22% Walworth (1.20). Warner Bros Plc (4). Warner-Quinian (2 120% . Warren Bros (19) Fdry & P Webster-Eisenloh: Wess Oil & Snow(2). Wess O &'Sn pf (4).. Westn mll’!‘ (4).e Westn Dairy (B).... Western Maryland. Western Md 2d pf... W‘lllrl Pacifie. % 44% tern Pacif p! 162 Wlllorll Union (8).. 364 Westngh Alr Brk(2). 100 Westngh E1&M (4).. 20 Weston Ei Instru.... 32% Westan El A (2) 19 Wextark Radio 1!’)- 25 White Eagle O1l «2).. 28% White Motors (2)... 0 White Rock M § 43 Worthington Pumb. 66 Worth Pump B (§).+ 40 Wright Aero (2) 66 Wrigley Wm (6) 61% Yale & Towne (15).. 9 Yellow Truck & C. 33% Young Spring (3): 103 Young Sheet & T (5) 15 Zenith Radlo (2).... RIGHTS EXPIRE % Am. Roll. M.Nov. 15 % Bang & Arcos Dec. 7 4 Buéyrus Erf 3% Case (J.1. % Gen. Asphalt.Nov. 27 % Gen Gas&El. .Dec 16 14 Grant (WT).Nov 28 % Grigsby-Gru.Nov. 21 Kreuger & Toll rts. . 10:30 A.M........ 1,805,300 Sales— Add 00. )n:m 8% % 7 wsu lolh 101 W% 10k 10% 18% % % 1 % " b 3% {h su-ulmhnnnnnhm 8 82 2 % 27 29% 7 30% 10% 7% 14 " 9% % 1 e 8% la' 215, nm ! 8 2% 29% 8 30 11 78 20% 15 70 4% STOCKS ARE LOWER INHEAYY TRADING Market Sags Again - After Brisk Rally Halts Open- " ing Declines. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, November 13.—Further distress selling came into the stock mar- ket today and prices of leading issues crumbled to new low levels, for the year. | Net deéclines nnged from 1 to 18 points. Trading was again in enormous volume, the ticker running an hour behind the market in the last 'hour. No adverse business or financial de- velopment appeared to explain the re- newal of sel ressure. mystery also surrounded the source or m forced liquidation, but the weakness of high-grade mdunflnl and railroad issues led to a m belief that some of the selling Ft bly represented the ' liquidation “of held in bank loans. mumn of the Sinclair ‘Consolidated tion omitted the usual extra dividend ot 25 cents on' the common stock, but authorized the regular pay- ment of 50 cents. No explanation for the omission of the extra was given, although' Wall Street presumed it was for the purpose of conserving cash re- sources until the effect on business of the recent preak in stock prices could be determined. Opening Is Irregular. Prices opened irregular with gain and losses about evenly divided in initial transactions. Unltgd States Steel com- mon o;uned 21, points higher at 156 and Consolidated Gas recorded a similar gain. Radio and Commercial Solvents each opened a point higher. American Telephone dropped 2% and Grigsby Grunow and Missouri-Kansas- Texas each fell back about 2 points, Early trading was not as heavy as yesterday, although several blocks of m to nearly 30,000 shares changed v in the ?;lltnlhm hmndwuln uge volume, as ly margined stock illed overboard a result of States Bteel soon nn o caioed O pae po - 1‘/‘. Montgomery W: Ogn"" -ng. Kennecott, 1.l & y's news was largely favorable. Freight car loadings declined Ihlfl:f! during the latest week and further cur- 'tailment in steel production was report- ed, but these developments are largely. uuonel at th!.s period of the year. loadin, mmeuur‘ normally clln:hulhlrply after the middle of % b 3% MONEY MARKET. NEW YORK, November 13 (#).— Money conditions in Wall Street eased further today. Call money held at 6 per cent, but 30-day time money was shaded % of 1 per cent to 5% per cent, while the longer maturities held at 6 per cent. Bankers’ acceptance rates for 30 to 90 day bills were in shaded 14 of 1.per oent, mkln; rates to 4% asked, 412 Longer dates were unchnn(edA CHICAGO DAIRY nu.n:'r CHICAGO, November 13 (#).—Butter elpts, 5627 firsts, | standards, extra firsts, 361403715 seconds, | NEW YORK, November 13 (4).—Cop- per quiet; electrolytic, spot and future, 18. Iron lmdy spot 39.71 Lead quiet; !II "East St. Louls, 6.10. ' Zinc lmdy. East St. !m;ll. spot and future,, 6.25. Antimony, TREASURY CEITH'ICATES te—Matl s Dec 5 - Teported by 929 steady, unchanged. Tin and nearby, 39.25; future, spot, New York, y J. & W, Sel 28838 58332 SIS FEES SHORT-TERM SECUIIT!EI (Reported by J. & W. Seligman Alls-Chaimers co. 15. OF TN OSRRNE F B O Rand declared a special dmdm cents on the common stock, first payment for the shomter maturities were cut 3 per cent to 435-bid, 414 per cent asked. NEW YORK COTTON. NEW Y November 13 - Owing. to" muck lower Liverpool caties than due, an ea: Mofilonuo(umwpnmu, mnmt uudofl slightly the start, wn m 16,61. Jnnu-ry to 16.68 and m‘#ueh to 16.99, 15 to 16 points below yester lehlt. Mmmmtw"m 4 better, mremmmeorhu elo.n. ~ First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. ‘M & Company, Inc. Real Estate Investments ' JAMES Y. PENNEBAKER Nat.5291 1520K St. N.W. HOME OWNERSHIP IS NOT A GAMBLE ‘,13,950 Fe int) to Whcnzan m“'.’«"‘.v‘.‘-fi" M. & R. B. WARREN [nvestin§ ina First\ Mortgage ‘\ n?-'.' et et S osed oo merts to™be “the bess methoderso in 7 represents The_Safest Investment Known to Man Start N o-:and Buy FIRST . MORTGAGE NOTES o - Y 6