Evening Star Newspaper, November 15, 1929, Page 14

14 *2 §600,000,000 DUE SAVINGS CLUBS sz Members Will Get Huge Sum December -1 to Meet Christmas Needs. BY EDWARD C. STONE. It is estimated by Herbert F. Rawll, said to have been the founder of the Christmas savings club idea, that $600,- 000,000 will be distributed to 9,000,000 members by 8,000 banks and other financial institutions, within the next two weeks. The Washington banks will distribute more than $7,000,000 of this amount, the checks always being sent out on December 1. The distribution for the entire country is 10 per cent in_excess of last year and is expected to have a very important effect on buying power during the holiday season. Eliminating the few special funds of individuals and corporations, running in some cases as high as $25,000, the average amount received by each mem- ber is $59.50, a slight increase over 1928. Checks to members run from $12.50 to ,000. “Togn total sum represents the ac- cumulated savings for the past 50 weeks in Christmas club accounts in banks, trust companies, savings and loan asso- ciations and other institutions, by mem- bers paying weekly amounts varying from 25 cents to $20. New York State Leads. New York State leads the other States with $141,000,000. Massachusetts shows the largest per capita State total, with over $70,000,000, while Pennsyl- vania reports about $65,000,000. Chi- cago and Cook County contribute $29,- 00,000 of the Tllinois total of $56.000,~ 000, New York City's metropolitan area, including an approximate radius of 40 miles, will receive approximately 00,000,000 'l'rhe Bank of America, National Asso- ciation in New York and its affliated institutions, the Bank of Aterica of California and the Bank of Italy will distribute about $8,000,000 to over 130,- 000 members. The largest club in New York City is operated by the Bank of the Manhattan Company, which, through its 65 branches in Manhattan, the Bronx, Brooklyn and Queens, have accumulated $3,500,000 for its 71,800 lembers. m'l‘he Union §At x‘:l %lnlk bofo’sc:;; nectady has the gest clul city of its size in a single institution in the East with a distribution of about $500,000. The First National Bank & Trust Co. of Racine, Wis., has $600,000. Many Very Large Accounts. Institutions reporting a distribution of approximately $1,000,000 or more in- clude National Shawmut Bank, Federal National Bank and Exchange Trust Co. of Boston, Manufacturers’ Trust Co., New York City; Trust Co. of New Jer- sey and Hudson County National Bank, both of Jersey City; Bank of Philadel- hia and Trust Ce. of Philadelphia, Elbeny Bank of Buffalo, Union Trust Co., Cleveland Trust Co. and Pearl Street Savings & Trust Co. in_Cleve- +land; Commercial Savings Bank & Trust Co. and Ohio Savings Bank & Trust Co., Toledo; Provident Savings Bank & Trust. Co., Cincinnati; Canal Bank & Trust Co., New Orleans; Continental Illinois Bank & Trust Co., Chicago; First Wis- consin National Bank of\ Milwaukee, ‘Commonwealth-Commercial State Bank, Detroit Savings Bank and National Bank of Commerce in Detroit. ‘The report estimates that Maryland Christmas Club members have saved $9,380,000 during the year. Virginia members have saved $7,222,000; West Virginia, $4,164,000; North Carolina, South Carolina and Georgia about $3,400,000 each, and Florida, $1,910,000. How Funds Are Employed. On a basis of a direct-by-mail infilry to individual Christmas Club i :mbers, 1t is estimated by Mr. Rawll that more than 10,000,000 permanent savings ac- ectly traceable to club mem- 8 r cent of the present an- nual accumulation of $600,000,000 is put to constructive use. Using this inquiry as a basis, the funds of the 1929 Christ- mas Club will be used as follows: Ghristmas purchases $228,000,000 nsurance premiums. 5 Mortgages and morigage interest y Ra 38R i3 Charity 1% ‘The estimates are naturally higher than the amounts that will actually be paid out. Some of the members drop out every year. But the majority of the members pay in the money throughout the year so that they get the full amount on December 1. The interest in these clubs has been startling to local bankers, much of the steady growth here being due to the campaigns carried on by the District Bankers’ Assoclation. Savings Bank Official Resigns. John C. Yost, president of the East ‘Washington Savings Bank, today an- nounced the resignation of Charles A. McCarthy, secretary and treasurer of the bank, due to his present serious ill- ness. ‘The directors expressed deep regret over accepting the resignation. Mr. McCarthy has served the savings bank for many years. Johnson to Address Students. ©O. H. P. Johnson, vice president of the National Metropolitan Bank, will address the Pathfinders’ Club, at Georgetown University, next Monday on “The Young Man in the Banking Busi- ness.” The members of this club meet every week and hear talks by leading business and professional men in the city and in this manner obtain a great deal of important information aimed to assist them in the selection of their future occupations. Not Secretary Mellon’s Order. Secretary Mellon feels “compliment- ed” by reports that he was the buyer who Wednesday placed an order for 1,000,000 shares of Standard Oil of New Jersey stock. Told at his press conference Ofe#fu mors that the order came from Pitl burgh and that he, being one of Pitts- “burgh’s wealthiest men, might have placed it, Mellon said: “That reminds me of the Negro who, when asked to change a $100 bill, re- plied, ‘Ah can’t do that, but thank you all for the compliment.’” Prices Steady on Exchange. Trading was in moderate volume on the Washington Stock Exchange to- day. »a::Capital Traction again sold at 75, Norfolk & Washington Steamboat stock came out at 260, Raillway & Electric | preterred sold at 93. | Commercial National at 258 and Fed- | eral-American National changed hands | %90. both being small sales. | nds were in fair demand, several l different issues appearing on the board. It was again announced that the Ex- change would be closed tomorrow and that the members would go on an out- ing tomorrow afternoon. ! # .1y Financial Distriet Notes. 2 ¥he National Savings & Trust Co. is miking important extensions and im- provements in its trust department on one of the upper floors the bank . building. Local holders of General Motors stock were greatly pleased with the declara- tion of the extra dividend of 30 cents a share, along with the regular declara- tions. The additional payment brings the 1929 disbursements to $166,000,000. K. P. McElroy, patent attorney, was nl n yes ) - geed lt‘fll father, the late Col. John McElroy. FINANCIAL, ~Prev. 1929~ Stock and High. Low. Dividend Rate. 57% 364 Abitibl Power & Pap Abraham Strauss. ... Abrahmé&Straus ctfs Adams Express ctfs. Adams Millis (2) Advance Rumley. Advance Rumley pf & Do 118% Allled C&Dpf (7).« % 35% Allls Chalm (n) (2).. 26 Alpha Port Cemt(3). 3% Amal Leather.... 17% Amerada Corp (2). 4 Am Agricul Chem 18 Am Agricui Ch pf.., 65 Am Bank Note(ft3). 7% Am Beet Sugar. .. 27 Am Bosch Magneto. 40% Am Brake Shoe 2.40.., 4% Am Brown Bov Elec. Am Com Alo 47% 18% Am Encaust Til (2).. 98% 23 Am European Sec... 199% 50 Am & For Power..... 108% 104 Am&Forn Pwr pf(7) 103 864 Am&For Po 2d pf(7) 42 19% Am Hawallan (1)... 23% Am Hide & Lea pt 40 Am Home Prd ( 29 American Ice (3). 86 Am Ice pf (6)... 29'% Am Internat (32). ) 92% Am Pow & Lt pf (6)a 72% Am P&L pf A st (5)a 60 Am Roll Mill (¢2)..4 44 Am Safety Ras (15).. 22% Am Seating (2). 34 130% 138 126 AmSm& Refof (7). 49 38 Am Snuff (3)....... 85% Am Steel Fdy (3)...» 232 160 Am Tobacco (110). . 285 160 Am Tobacco B (110). 121% 114% Am Tobacco pf (6).s 181 115 Am Type Fdry (8) 199 50 Am Water Wiks (cl). 104 97 Am Water W 1st(6). 27% " 58% 16% 4 Am Writ Paper ctfs.. 49% 7 Am Zinc LA&Sm 111% 49% Am Zinc pf (6).....e 40 70 Anaconda Copr (1).. 80 25 or Cap (2.40)... 164% hor Cap pf (634). 68% 49% 95 18% 10% 86 40% % 58% 104% 99 Atch T&SF pt (5) 209% 161 Atl Coast Line (110). ¥6% 32% AtlG& W Indles. 62% 45% AtUG& WL DL (4).a 7% 3 Atl Refining (12). 140 67 Atlas Powder (15). 17% 5 Atlas Tack... 614 120 Auburn Auto (3¢ 11% 3% Austin Nichol: 42% 18 Austin Nichols pf... 65 49% Austrian Cred (4.49). 50 34 Auto-Strop Ras (3).e 20 5% Aviation Corp. Del. .. 66% 15 Baldwin Loco (new). Baltimore & Ohio (1) Balto & Oh10 pf (4).. 73% BeatriceCream (4).. 45 Beechnut Pkg (c3).s. 5% Belaing-Heminway. 75 Belg Nat Rys pf 5.49. 25 Bendix Aviation (2). 25 Best & Company. 78% Bethlehem Steel 16% Bethlehem St pf (7) 25 Bloomingdale Bro; 37 Bohn Alumn&B (1! 70 Bon Ami Co (15) 3% Booth Fisheri 53 Borden Co (3) 26 Borg Warner (4). Mfg, Brigss&Stratton(2). Brockway M T (3)... Bklyn-Manhat (4). .. 76% Brooklyn Man pf(7), 7 Brooklyn & Queens.. 99 Bklyn Union Gas (6), 36 Brown Shoe Co (3).. 16% Bruns-Balk-Col(3) 4% BrunsTer & Ry S 14 Bucyrus Erie (1). 26% Bucyrusev pf (2 9 Budd (EGj (1%) 25 Bullard Co (12) 21% Bulova Watch ( 22% Burns Bros B.. 29 Burroughs AM(}1. 31% Bush Term (RZ). 2 Butte Cop &Z (50¢). 5 Butte & Superior (3). 192% 50 Byers (A M). 47% 20 By-Prod Coke (1) £47% 63% Calif Packing (4) 4 -1 CallahanZinc& L. 136% 173% Calui & Ariz (10). 61% 256 Calumet & Hecla(4). 49% 20 Campbell Wyant (3), 98% 45 Canada DryG A (5).. Capital Adm A pf(3) Case (J 1) (6) 21 Cent Aguirre As 1% . 274 Cant Alloy Steel (2). 3 Century Rib Mills. 11l Certain-teed Prod. 18 Checker Cab Mfg C¢ Ches & Ohloé:ol 17% Chi Great Westn pf.. 16 Chi Mil St P&Pac.... 68% 28% Chi Mil St P&Pac of. 108% 75 Chicago& N W (5).+ 47% 21% Chi Pneu Tool......s 61% 47 ChiPneuTDpf (3%). 142% 101 ChiR1&Pao (7).... 102% 94% Chi R1& Pacpf (6).. 100 Chi R1& Pacpf (7). 27% Chickasha COfl (3)., 44% Childs Co (2.40 26 Chrysler Corp (3). 39% City Ice & F (3.60) Ty City Stores (1)...... 25 Clark Equipment (3) 72% 35% Cluett Peabody (5).. 164% 101 Coca-Cola (4). 60 443 Coca Cola A (3) 10 Collins & Alkman. 16% Columb Graph (37¢) . - 105 Columbian Carb(15). Co 10 Com Inv Trst 20% Comm Solvent; Congoleum-Nairn. .. Cong Cigars (15%).. Consol Cigar (7) 92% Consol Gaa pf (8). impossible to get the THE 250 the tremendous fl'ldin!n:g, ‘I‘.‘h‘.e“ New Ya:t Bales— Add 00. High. Low. Close. Close. Y% 38 % 120% 118% 12014 1 407 26 2 21 6 214% K 74 3014 4 T 106'% 103% 105% 136'% 136 136 8% 81 112% 112% ™ 19 3Th 874 26% 26% 21% g%‘,fi 28y % fi2& 64% 101% 103 88 88% [3 5% 834 33% 35 8515 86% 118 118 30 30 4% 48 Uk T1% 3% 62 33% 11% 20 16 51 TN 8y 121% 112 4L 20% 8 19 28% 11% 30 284 24 EVENING STAR, WASHINGTON, D. C, 126%e 63 69w 467 226 169% % 285 Contl Baking A..coeer Contl Baking B. ' Contl Baking of (8). Contl Bank (1.20). .. Contl Can (2%). ..o Cont Diamond (2)..3 Contl Insurance (2).. Contl Motors (80¢).. Contl Ol of Del....a Corn Prod (1334).. = Coty Ino (g2)... Cream of Wheat (2). Crossley Radio (31) Crown Cork & Seal. « Cructble Steel (5) Cuba Cane Sugar. Cuba Cane Sugar pf., Cuba Co. Cuban-Amer Sugar.. Cuban Dom Sugar... Cudahy Packing (4). Curtis Publishg (17) 112% Curtis Publish pf(7) 7% Curtiss Wright Corp. 14 Curt Wright Corp A. 58 Cutler-Ham (3%)... Cuyamel Fruit, . 21% 9). Del Lack & W (47).. Denv&RG W pf. Detrolt Edison (8) Devne & Ray A (13). Dome Mines (1)....s Dominion Strs(1.20). Drug Corpn (4)....a Dunhill Inter (24)..3 Duplan Si1k (1)....0 Du Pont de N(#4% ). Dupont 4 N deb (6).. Duquesne 1st pf (5). East Roll MIll (1%). Eastman Kodak(t8). Faton Axle & S (3).. Eitingon-Scb (2% ). Eitingon pf (63%)... Elec Auto Lite (8 Electric Boat. . ElPwr & Lt (1). El1 Pwr & Lt of (7) Elec Stor Bat (5) Emmerson-Brat A, Endicott-John (5)... Endicott-John pt (1) Eng Pub Serv (11).., Eng Pub Svepf (5).. Eng Pib Sve of (53 ) Equitable Bldg(3%) ErfeR R. R 1st of. Evans Auto L(22%). Fairbanks Morse (3), Fash Pk Asso(k2%). Fed M &S pf (7).... Fed Motor Tr (80¢).. Follanshee Bros Foster Wheeler (1).. Foundation Co, . Fox Film A (4) Freeport-Texas (4).. Fuller pr pf (18.68).. Gabriel Snub A. 4 Gardner Motor, . Gen Am Tnk Car(34) Gen Asphalt. Gen Cigar (4). Gen Electric (16). Gen Elec spec (60c).. Gen"1 Food Corpn (3) Gen Gas&El A (e1%4) Gen Mills (13%).... Gen Mills of (6)..... Gen Motors (13.60).. % Gen Motors pf (7)... Gan Outd Adv A (4). Gen Outd Ad vte (2). Gen Public Serv(bé) Gen Ry Signal (6)... Gen Refrac (t4%).. Gillette Saf Raz(c5). Gimbel Brothers. ... Gimbel Bros of (7).. Goodyear Tire (5). .1 Goodyear 15t pf (T).. Gotham Stlk H (2%) Grand Stores (c1). Grand Union.... . Grand Union pf (3).. Granite City St (4).. Grant (WT) (el)... Grt West Sug (2.80) Can Cop (8).. Grigsby Grunow (), Guantanamo Sugar, Gulf Sta Steel (4). Hahn Dept Stores. ... Hahn Dept S pf(6%). Hartman B (1.20)... Havana Elec Ry....1 Hayes Body b8 % stk. Helme (G W) (17). .3 Hercules Powdr (3). 'l;erculel Ppt(7)... Household Prd (14) . Houston Ofl.... Howe Sound (14%).. Hud&Man Ry (3.50). Hudson Motor (5). Hupp Motor (£2) I1linots Central (7). Independ O11& G (2 Indian Motor Cyel Indian Refining. Indian Refining ¢ Industrial Rayon Ingersoll-Rand t Inland Steel (3% Inspiration (4) boro Rap Tran.. Intercontinental Rub Intl Agricultural. Intl Cement (4). Int Combustion..... Intl Cmb Eng pf (1).. Intl Harvester (2%). Intl Harv pf (7)..... Int Hydro E1 A (e2). intl Match pf (3.20) ., Int Mer Marine etfs.. Int Nickel of Can(1). Int] Nick Can pf (7)., Intl Paper pt (7). Intl Pap & P A(2.40) Intl Pap & Pwr B. Intl Pap & PwrC.... Intl Pap & Pwr pf(7) Intl Print Ink (2%) int Shoe (234) Investors Equity(3). island Creek Coal(4) Jewel Tea (4)....... Johns-Manviile (3). Jordan Motor Car. Kan City Sou (5). Kan City Sou pf (4 Karstadt (Rud.) Ine. <autmann D8 (1%) ser Jullus (4)... th-Albee-O pf (7) -Spring Tire... Kimberly Cirk(3% ) e Kinney G R (1). Kolster Radlo. Kraft PhCh (1%) Kraft Ph Ch pf (6%4) Kresge S8 (1.60).... Kreuger & Tol(1.34). Kroger Gr&Bak(cl). LagoON & T Lambert Co (3. Rubber & Tire. Leh Port Cem (2%) Lehigl ‘Lehn & Fink (3)..em Stock and Dividend Rate. Loew's, Inc (12%). Loew's pf x w (6% ) Lorillard (P) Co. Lorillard (P) pf (7). Louls ofi LouG &E1A (1%) Louls & Nash (7) Ludlum Steel (3). MoCall Corp (4) McGraw-Hill (2). Melntype Pore M(1). McKeesport T P (4) . McKesson & Rob (1), McKes & Rb pf(3%). McLellans S(A)m20. Mack Trucks (6).... Macy(RH)&Co(et3) Madison Sq G (1%).. Maytag Co (13) Maytag Co pf (3) Melville Shoe (1.40) ., Mengel Company (2). Metro Gold pf ( Mexican Seaboard. Miami Coprer (4). Michigan Steel (13).. Mid-Continent P (2). Middle States Of] ct.. Middle Sta etfs (n).. Midland Stl pf(112). ouri Pae pf (5).3 'k Carpet t2% ., Monsanto Ch (g1%). Montgomry Ward(3) Moon Motor (new) Morrell J (3.60) Mother Lode (40c Motor Meter G & Motor Products t10., Motor Wheel (3).. Mullins Mfg..... Munsingwear (1334). Murraay Corp (k8).. Myer(FE)& Bro (3). Nash Motors (§).... Nat Acme (1%)....0 Nati Dept Stores. ... Natl Distillers. Natl Surety (5) Nat Tea Co (2) . Nevada Copper (3)... Norfolk South (2%). Norfolk&Wstn (12 North Am(b10%stk) North Am pf (3). North Pacct (5)....: Nor Ger Lloyd(3.41). Olivr Fr Eq pf A(6).. Omnibus COrp.....e. Omnibus pf A (8). Oppenheim Col (5) Otis Elevator (6) Otis Steel (23)..... Owens 111 Glass PacifcGas& B (2).« Pacific Lighting (3) . % Pacific O1l stub: . Packard Mot (a30c). Pan-Am Petroleum. . Panhandle P& R.... Panhandle P & R pf., Paramount-F-L (3).. Park & Tilford (33).: Penick & Ford. Penney (J C. . Penn Dixie Cement. . Penn Dixie Cemt pf. RR(4) People’s Gas Chi (8), Pere Marquette (18). Pet Milk (1%4).... Phillips Pete (1%) Plerce-Arrow A. ...« Plerce Arrow pf (6). Pierce Oil. . Plerce O1l pf. Pierce Petrol Pilisbury Fl (12% Pirelli Co A Pittsburgh Coal. Pittsburgh Coal pf Pittsbgh Screw 1.40.. Pitts & W Va (6).... Poor & Co (B) (2). P Rican Am To (A)1 P Rican Am To (B).. Postal Tel &C pf(1). Prairie O&G (12%).. Prairie Pipe L 143§, Pressed SteelLar..., Pressed St1Cpf (1), Proc & Gamble (2).. Prod & Refiners. ... Pub Sve NJ (2.60)... Pub Sve NJ pf (6)... Pullman Corp (4) Punta Alegre Sugar. Pure Of1 (1%). Purity Baker! Radio Corp. Radio pf A (3%) Radio pf B (6). \ Radlo-Keith-Orph A. Rallway & Exp (3)... Raybestos Manhata., Reading (4).c...cee Reading 18t pf (2)..3 Reading 24 pf (2) Real Stik (). Rels (R) & Co. Remington-Rend Reming-Rnd 1st ( Reo Motor (f Rep Brass Col Repub Ir & Steel Reynolds Spring. . Safeway Stores (3).v % St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pf (§) St L Southwestern. . WESTERN MARYLAND RWY. BALTIMORE, November 15 (Spe- cial) —Estimated earnings of the West- ern Maryland Railway for the first week in November do not indicate fall- ing off in traffic. As a matter of fact. receipts were $410,656, an increase of $23,179, or 6 per cent, compared with the corresponding week last year. Coal accounted for $9,891 of the gain, revenues from comparative increase per cent, m receipts from other classes of FRIDAY, NOVEMBER 15, Sales— Prev. Add 00. High. Low. Close. Close, | High. Low. 1929. —Prev. 1920~ 94 84 13 30 Spal Spa 13% Spark: FINANCIAL/S Stock and Sales— ‘ Dividend Rate. Add 00. High. Low. St L Southwn pf (5). 85 85 ) 104 Seagrave (e1.20) 80 Sears Roebck (12%). 14 Second Natl Inv ctfs, 45 Sec Natl Inv pf ctfs.. 2 Seneca Coppe: 7% Servel Inc. - 21 Sharon Steel H (2).. 19% Sharp & Dohme. ... 50 Sharp & Do pf (3% ). 25% Shattuck (F 3) (1). 19 Shell Union (1.40) 15 Shubert Theater ¢ 59% Simmons Co (g3). 15 Stmms Pet (1.60).... 21 SinclairOfl (12%)... 103 Sinclair Oil pf (8) 28 Skelly O11 (2). 25 Sloss Sheffield steel 3% Snider Packing. 85 Scivay Am Inpf 6% 23% So Porto R Sug t2%. 45% Southern Cal Ed (2) 2% Southern Dairles 105 Southern Pacific ( 109 Southern Rwy (8)... 126 127 123 74 SouRvM&Oect (4). 9 * 115% 1197 111 ing (AG) (2).. Chalfant...., Withngtn(1). Splegel-May-St (3) .. Stand Brands (1%).. 8 Stand Com Tob (1).. 73% Stand Gas & El (3%) 58 Stand G & E pf (4)... 14 Stand Inv Corp (b6).. 51% Std Ol of Cal (h234) 48 * Stand ONI N J (12) 31% Stand OfIN Y (1.6 84 Sterling See A)..... 81 Sterling Sec pf(1.20) 31 Sterling Sec cv pf(3) t Wi 5% Sweets of Amer (13.. 8 SymingtonA......e. STOKSGOHGHER | INSTRONG MARKET Gains of 2 to 35 Points Registered as Buying Orders Mount. BY STANLEY W. PRENOSIL, assoclated Press Financial Editor. NEW YORK, November 15.—The re= covery in stock prices, which started | yesterday, gained considerable momen= tum today from a series of constructiva | financial developments. Trading failed to maintain the pace set yesterday or the day before, but there was a steady demand for the scasoned dividend= 474 | paying issues, scores of which were care ried up 2 to 20 points. A few speciale ties recorded even larger gains. Favorable News. The reduction from 5 to 42 per cent in the New York Federal Reserve rediscount rate, which agcompanied a further decrease of $710,000,000 in brokers’ loans, was followed today by a lowering of acceptance and time money rates and a drop in the call money renewal rate to 5’ per cent, the lowest level since August, 1928. Little business was being done in the time money market because of the recent rapid changes in rates. The day’s business news was rather mixed in, character. Youngstown dis- 4 | patches reported a lowering of stecl operations in the Mahoning and She- nango valleys, due, in pari, to a ree duced demand from automotive manu- facturers. Directors of Prairie Pipe Lina and Prairie Oil companies declared ex= tra dividends out of large profits piled up earlier in the year. Arthur Reynolds, chairman of the Continental-Illinois Bank & Trust Co. was quoted as staging that “the slump in the stock marRet has had some ci. fect on business and will be further felf over the next few months, “although ha % | expressed the opinion that 1930 should ‘Thompson J R (3.1 Tide Water Asso. ... T4% Tide Wat Awso pf(6) 14 Tide Water Oil(30¢c). 85% Tide Water Oil pf(5) 11% Timkn Det Axle t300 53% Timken Roller (3). 1 Tobacco Products. 5 1% Tobacco Prod ctf h oe2% 2% 5% Tobacco Prodwets A. 6l 6% 5%. Transcontinent, T TH 31 Trico Prod (2% 14 Truax Traer (1. 16% 16% 30% Truscon Stl (£1.20) 82 Und Elliod Fishr (5). Union Bag & Paper 32% 334 104 104 95 1 9 1% 73% 68% 44% 45 45 210% 2135 Union Pacific pf ( 80% 80% 80 121% Union Tank Car( 1 130 132 31 Utd Afrcraft&Tran: 40% 44% Utd Alreraft&T pf 3. 47% 33% Utd Biscuit (1.60). 3516 40% Utd Carbon (2) 4% Utd Cigar Stores. 1 Utd Cgar Stbres ctfs. 87 United Cigar Strs pf. 19 Utd Corporation.... 42% Utd Corp pf (3).. 18% Utd Electric Coal(3) 99 Utd Fruit (ed). 22 Utd Gas & Imp 90% Utd Gas & Im pf(§).. 174 U S & Foreign Secur. 87% U SFreight (3)..... 25 U S Hoffman (2).. U S Ind Aleo (8). U S Leather. . . U SLeather A (4)... U S Leather prp£(7), USPipe & Fdry (2). U S Pipe 1st pt (1.30) 40% U S Rubber 1st pf. 29% U S Smelt Ref (3% UAS Smelt Ref pf 3% 150 U S Steel (18) 24% Ut Pwr & Lt A (62) 3 Vadsco Sales. 87% Vanadium (14). 83 Vick Chemical(2%).. 3% Virginia-Car Chem.. 1 Virginia-Car 6% pf.. Wi Walworth (1.20). 1% Ward Baking B.. 50 Ward Baking pf (7). 30 Warner Bros Pic (4). 22 Warn Br P pf(2.20).. 15 Warner-Quinlan (2). 115 Warren Bros (19). 27% White Rock M S (3) . 1 White Sewing Mach. 30% White Sw Mch pf(4). 19 Wilcox Rich(A)3% 12% Wilcox Rich B (c2) 5% Willys-Over (c1.20). 3% Wilson & Co. 6% Wilson & Co Worth Pump A (7). Worth Pump B (6). 65 Wrigley Wm (4).... 61% Yale & Towne (15).. 7l Yellow Truck & C... 331% Young Spring (3).... 91 Young Sheet & T (5). 10% Zenith Radlo (2). RIGHTS EXPIRE % Allis-Chal, n.Dec. 31 % Am Rollg M..Feb 15 % Bang & Aroos Dec. 7 3% Bucyrus Erie Dec 30 24 Case (J.L) . % Col. Carbon. , M % W Krey&Toll N Y Central. 5% © % Reynolds Tob.Jan 24 3 % % Utd Gas Im..Dec 31 W Sales of Stocks on New York Exchange. 10:30 AM... « 1,128,600 Dividend rates as givi 12:00 Noon...... 3,035,800 e table are the annual casn en abor PaymEnts based On, the IALest SuaTLery or Balt-bearss” doak 100% 104% R ] 47 49 45 107% 108 105 87 89% 89 60 64 58 'yur. The only sizable loss reported was $4,127 in receipts from miscel- laneous_items. For the year to November 7 revenues are estimated at $16,210,507, an in- crease of $328,516, or 2 per cent, de- : | spite a shrinkage of $220,447, or 3 per cent, in coal receipts. e it Trust Accounting System. NEW YORK, committee §Plus 8] 0 100 shares. {Partly extra. fih, B st SRR AR ik Pius 3% Bankers’ Association to devise a simple system of trust accounting, designed especially to meet the needs of small trust departments. Edgar A. Jones, vice president of the Scranton-Lackawanna Trust Co. of Scranton, Pa. has been named chalrman of the committee. PARIS BOURSE PRICES. PARIS, November 15 (P).—Prices were , November 15 .—A | firm on the Buurse today. Three hubun:gfommwuu centruu-,toh-nuucintmrwfi were $17,710 larger than last trust company division of the American per cent loan, 106 \ R, be & good business year. Profit-taking. Otis Elevator ran up_35 points, De« troit Edison 33 and Ingersoll Rand, American Machine & Foundry, J. I, Case, American Tobacco A, Columbiag Carbon, R. H, Macy and Allied Chemis cal sold 16 to 20 points higher. Johng Manville ran up 4%, Underwood-Elliotts Fisher 13 and General Electric, Easte man Kodak, Missouri Pacific commo) and United States Industrial Alcohol advanced 10 to 11 points. United States Steel common moved up to 167, an overnight gain of 7 points, and then eased to 165. Moderate re< cessions also took place in some of the other leaders on week end profit-taking 31% 31% 31%|in the last half hour. BUILDING ACTIVITY. NEW YORK, November 15 (/P).—Ena gineering News-Record reports that thq value of heavy construction and engis neering contracts let in' the'past weel indicate building activity is not suffery ing from any depression, but seems tq be holding a normal rate of operations, Although the total of awards for the week, $66,384,000, is lower than the pre- ceding week’s' figure, $77,217,000, an below that of the corresponding weel of 1928, $108,944,000, the aggregate Yoi the year to date continues substantially higher than for the same period of tima last year. . COLLATERAL INTEREST RATES By the Assoclated Press. Collateral interest rates last week, as averaged by the Census Blreau, show levels substantially the same as the prey vious week, but were under like figures for the same week last year. Bureay averages for the week and comparable periods follow: Time call money., loans, Week ending Nov. « 6% 6% % Preceding week . 5% Same week last ye: % Money to Loan Secured by first deed of trust on real Freveiing interest and Commisstons '™ Joseph I Weller 575555 5 Wt FOR RENT - One Room, Kitchen, Bath and Reception Room. Electric Refrig- eration. THE ARGONNE 16th & Columbia Rd. Oldest National Bank in the District of Columbia Payday Depositors —Will Find Us —Open Until —5:30 P.M. Today —for their special convenience. {We offer National Bank protection for your money and the service of an institu- tion that has been making financial his- tory ever since 1814. 3% PAID ON SAVINGS One Dollar or more will open an account National Metropolitan Bank