Evening Star Newspaper, November 19, 1929, Page 14

14 *= FINANCIAL. FINANCIAL. THE EVENING STAR, WASHINGTON, SECURITIES LOANS TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 159% 60 Abraham St 20% Coty Ino (2)....... 21% 123 59 Abrahmé&Straus ct: 4 5 24 Cream of Wheat (2). 15 26% Member ‘Banks Al 34 20 Adams Expre _}jfm g:nleé R:dla!ll:). 24 96 84 Adams Exp pf (5). 5 |- 3 wn Cork & Seal. . ember Banks Also Report 35% 19 Adams Millis (2) H g::‘:'b‘lu"ub“h o P 104% - 7 Advance Rumley 3% 71 Cructble Steel (5. Decrease in Net Demand | 115" 15 Advance Rumiey ot.. % Cuba Cane Sugar. 4% % Ahumada Lead.. 6 1 g 5 ICUMMED. .. iueesenss Deposits 223% 77 Alr Reductn (t43%).. 185 109% 974 109% 7 Cuban-Amer Sugar. . 48% 204 Alr Wal E1 Ap(23). 3 22 21% 21k Cuban Dom Sugar. 11% 2 Ajax Rubber. 1 FI T Cudahy Packing (4) . = 104 4% Alaska Junesu. 6 6% 6w 100 . Curtis Publishg (17) 2 BY EDWARD C. STONE. 56 17 Alleghany Corp. 237 ;;’{t: HI "Zl“" g“r:l-n Fublish of(7) w‘z - 2 3 118% 90 Alleg Corp pf ( 1 93 91 4 % 7% Curtiss Wright Corp 168 The Fderal Reserve Board's condi- | g 197 - Allied Cn & Dy 23216 241 A 14 Curt Wright Corp A. tion statement of weekly reporting|. 754 35% AlllsChalm (n) (2).. 15 42% 40% 42% 63 Cuyamel Fruit. .. member banks in leading cities on No- :‘mv. 23 Alpha Port Cemt(3). 3 g? 2;4 gl% Davison Chem...... vember 13 shows decreases for the| sae 11'¢ AmeradaCorp (1). L 28% Debenhams (a2.31).. i Tk 141's Delaware & Hud (9). week of $357,000,- 4 27 26 27 9% 1204 Del Lack & W (17).. 000 in loans and Am Bank Note(ft3). 11 79 84 ' Denv& RG W pf. ... investments, of 3 R D. C, TUESDAY, NOVEMBER 19,.1929. Stock.and Prev Daividend Rate. Low. Close. Close. STOCKPROESGAN !lncluroll’nf(l) lg.:) 105 » Slons'shemard sise .| Market Turns Upward After Losses at Opening. Money 5 Per Cent. "Bales~ Add 00, High. 70! Stock and Dividend Rate. 31 Slos 7 26 Sloss-Sheffield pf (1) 1 5 62! Packli 5 Man Elev mod (d5)., Solvay Am In pf6%. i ManShirt (2)....... 8o Porto R Sug #3%. Market St Ry. pr pf. 2 Southern Cal Ed (2). Teisecy o Marlin Rock (13%).. 3 X 5 5 Marcion Mot O 2 Southern Pacifio (6). i 119 119% 119% Martin-Parry....... Southern Rwy (8). 1297 128% Mathleson Alk (2).. Southern Ry pf(5). 5 5 94 May Dept Storsce2). Sou Ry M & O ct (4). £0). \ Maytag Co (12).... Spalding (AG) (2).. 264 Maytag Co 1st pf(6). Spang-Chalfant. . i Maytag Copf (3)..., : Sparks Withngtn(1). Melville Shoe (1.40). 5 af 2.0 0 jod of hea briskly after an early period o M 1 v(2 A 13 . o ll::fi-:ncsf::!‘:‘:::;. ). Stand Brands (1%) 27% | ness. There were & rewx;tn"i,seo't:‘):faé‘ Miami Coper (4) Stand Com Tob (1).. A g74 | tered throughout the list, s most of Michigan Steel (13) the leaders sold 1 to 124 pol abov o a7 &0 .| vesterday’s final quotations. BY STANLEY W. PRENCSIL, 2ssociated Press Financial Editor. NEW YORK, November 19.—Trading showed a further falling off in volume in today's market, with prices rallying 7% Am Beet Sugar. . ™% 8 151 Detroit Edison (8). .. $195,000.000 in net 27 Am Bosch Magneto 38 40'% Am BrakeSnoe2.40. 11 44 Am Brown Bov Elec. 34 86 Amer Can (15). 133% Am Can pf (7) 75 Am Car & Fdy (6) 70% Am Chain pt (7). 3 27 Am Chicle (2).. 27 20 AmCom Alc (k1.60). 9 18% Am Encaust Til (3).. 2 23 Am European Sec. 3 199% 50 Am & For Power.... 108% 101% Am&Forn Pwr pf(7) 103 864 Am&For Po 2d pf(7) 42 demand _deposits, of $79,000,000 in time_deposits and of $42,000,000 in borrowings from the Federal Re- serve banks. Loans on_secur- fties declined $34 000,000 at report~ ing’ member banks in the New York district, $21,000,000 in the ‘Boston dis- trict, $10,000,000 in the Cleveland dis- trict, $7,000,000 in the 'Richmond district and $377,000,- 000 at all reporting banks. “All other” loans increased $14,000,- 000 in the Boston district, $8,000,000 in the Philadelphia_district’ and $6,000,- 000 in the San Francisco district and declined $9,000.000 in the New York district and $7,000.000 in_the Chicago district; all reporting banks showing a et inorease of $3,000,000. Condition of Member Banks. Summary figures showing the condi- tion of all member banks on October 4, 1929, which have just been released by the Federal Reserve Board, give their Joans and . investments as $35914,- 000,000, an increase of $203.000,000 for the three months since June 29, the Howard Moran. preceding call date, and of $985,000,000 | since October 3 of last year. Total loans increased $506,000.000 during the quarter and $1,840,000,000 during the year, while investments in United States Government and other securities declined $304,000,000 during the quarter and 855,000,000 during the year. Moran on Legislation Body. Howard Moran, vice president of the American - Security & Trust Co., has cen_appointed a member of the Fed- eral legislation committee of the Sav- ings Bank Division of the American Bankers' Association. 'Mr. Moran has already served on this and several cother important committees of the asso- ciation and has also acted for the Dis- trict of.Columbia Bankers' Association as 3 ‘member of the executive council. He is a former president of the local bankers’ association and one of the best known bankers in the city. Mergenthaler Declares Extra. An extra dividend of 25 cents and a quarterly payment of $1.50 were de- clared on. the common stock of the Mergenthaler Linotype Co., the latter increasing the annual rate from 85 to $6. In the four previous quarters, extra dividends of 50 cents each were paid. Eoth the extra and regular dividends are payable December 31, to stock of record December 4. Bank Merger Rumors Numerous. Discussion of the possibility of the merging of a half dozen Washington ks has been revised in the financial district. Such reports were frequently heard before the recent crash in the New York stock market, but the stock break greatly reduced the chances of any early combinations of banks any- where in the country. In connection 12 82'y Am Locomotive (8). 119% 111% Am Loco pf (T)..... 81% 31's Am Metal (5). . 106 Am Metal pf (6) 4 Am Piano.... 175% 64'c Am Pow & Lt (11) 104 92% Am Pow & Lt pf (6). 80 70 AmP&LDLA(3)... 72% Am P&L pf A st (5). Am Safety Raz (16).. 41% 21% Am Seating (2 Am Stores (12%)... Am Sugar Rfg (5) Am Sugar Rfg pf(7). Am Sumatra (3).... Y Am Tel & Ca (5) 1 310% 1934 Am Tel & Tel (9). 23214 160 Am Tobacco (110). ., 235 160 Am Tobacco B (110). 121% 114% Am Tobacco pt 3 116% ‘181 " 115 Am Type Fary (8) 4 127% 199 50 Am Water Wks (c1). 73 70 104 97 Am Water W 1st(6). 1 99 5% Am Woolen 244 146 220% 9 193% 27 198% 49% Am Zinc pf (6)...... 70 Anaconda Copr ¢7).. 659 844 25 Anchor Cap 12.40)... Anchor. Cap pf (6%). Andes Copper (3). 49% gluxs Archer-Dan-M (2) 1 60% 7 28% 1 385 Dry G (2% 208% 195% Atch T & S Fe (10).. 104% 99 Atch T&SF pf (5). 209% 161 Atl Coast Line (110). §6% 324 AtlG & W Indi 4 167 3 56% . 90 41 . 15 83 5 16 Atlas Powder (15).. Auburn Auto (34)... 3% Austin Nichols . 49%s Austrian Cred (4.49) 20 5% Aviation Corp. Del... 66% 15 . Baldwin Loco (new). 145% 105 Baltimore & Ohlo (1) 59 118 Balto & Ohio pf (4).. ki Bang & Aroos (3% with the present move the name of Julius I. Peyser, president of the Se- curity Savings & Commercial Bank, is mentioned as the leader. Mr. Peyser refuses to deny or affirm the reports, and sufficiept progress has not yet been made to permit announcement of the identity of .the banks involved. It is understood that Mr. Peyser's own bank is not, being considered in the consoli- dation proposals. It can be stated defi- nitely that it will be some time before any mergers are completed in this city. Trading on D. C. Exchange. Potomac Electric Power 515 per cent preferred stock led trading on the ‘Wasliington Stock Exchange today. The stock opened at 1033, went to 103% and then closed at 1033;. Only five shares of Capital Traction ceme out today, selling at 75. Thirty- five shares of Lanston sold at 105, while 65 shares of Merchants' Transfer & Btorage preferred moved at 98. Mergenthaler was steady at 102% and 102% on light sales. Twenty shares of Peoples Drug Stores preferred sold at 103, and 100 shares of National Mort- (5 & Investment preferred at 4. Four undred shares of Real Estate Mort- ':‘;%& Guaranty preferred came out a : Bond sales were confined to Washing- ton Gas issues. Gas 5s sold at 98% 6s, series A, at 100%. New Stockholders' Record. Another new high record in the num- ber of Pennsylvania Railroad stock- holders was reached on November 1 ‘when 188,047 shareholders were regis- tered. This is the second successive month in which the stock has risen to record-breaking levels for widespread public distribution. Number of stockholders November 1 showed an increasc of 33,048, compared ‘with the corresponding date a year ago, and an increase of 3,050 over the pre- ceding month. A large proportion of this increase is accounted for by the addition, during September and Octo- ber, of many new employe holders. Large numbers of employes, who sub- scribed, are not yet registered as stock- holders as their instalments are not et all paid. g Penns‘;'l\‘nnll Railroad stock is still largely held in Pennsylvania, a total of 83,504 shareholders, or over 44 per cent, living in the State under whose laws the company is chartered. New York follows with 31,246 holders, or 16.6 per cent, New England has 22,869 stock- holders, or approximately 12 per cent. Heard in Financial District. John Poole, president of the Federal- American National Bank, is attending the sessions of the Federal Reserve Board’s advisory council, having been made a member of this body of bank- 106% 105 B'trice Cream pf (7). 101 45 Beechnut Pkg (c3) 17% 5% Belding-Heminway.. 13 6% 104% 25 Bendix Aviation (3). 71 34 60% 25 Best& Company. 24 36% 140% 78% Bethlehem Steel (§). 59 &8 128 116% Bethlehem St pf (7). 2 119 36% 37 Bohn Alumn&B (16). 13 48% > 153 6414 11 34% 78 11% 16 25 4 4% Brockway M T (3) 4 17% 40 Bkiyn-Manhat 76% Brooklyn Man pt 8 81 7 Brooklyn & Queens.. 8 44 Bklyn&Queens pf(: 99 Bklyn Union Gas (5) 36 Brown Shoe Co (3).. 16% Bruns-Balk-Col(3).. 14 Bucyrus Krie (1). 2614 Bucyrusevpf (234). 9 Budd (EG) (1%). 21% Bulova Watch (3)... 88 Burns Bros A (8). 22% Burns Bros B. 4 29 Burroughs AM(}1.80 31% Bush Term (g2)..... 1 2 ButteCop&Z (50¢). 16 5 Butte & Superfor (2) 13 24% 5 2 46 44 3 63% Calif Packing (4). 1 CallahanZinc&L... 5 1% 73% Calumet & Ariz (10). 146 937% 25 Calumet & Hecla(4). 114 3875 49% 20 Campbell Wyant (2). 1 23 98% 45 Canada DryG A (5). 265% 189% Canadian Pac (10) 180 170 Can Pac 3d pd ctfs. . 48% 80 Cannon Mills (2.80). 32 65% 17 Capital Adm (A).... 2 224 397 29 Capital AdmApf(3) 1 35% 467 130 - 127 162 80% 18 Checker Cab Mfg 279% 160 Ches & Ohto (10).... 25 187% 92 42% Chesapeake Corp (3) 47 56% 19% 4 Chi& Alton. 4 % 26% 3% Chi& Alton p! 3 6% 28% 17 10 63% 17% ChiGreat Westn pf. 2914 44% 16 Chi Mil St P&Pac. 23% 68% 28% Chi Mil S8t P&Pac of. 3944 108% 75 Chicago&N W (5).. 145 134 Chi&N W pf (7). 47% 21% Chi Pneu Tool. . Chi Pneu T pf (3%4). 27% Chickasha CO1l (3)., 75% 44% Childs Co (2.40).. 136 26 Chrysler Corp (3) 62% 39% City Ice & F' (3.60 7% City Stores (1). 61% 25 Clark Equipmen: 2% 35% Cluett Peabody (6) ers»several weeks ago. The Virginia Electric & Power Co. declared the regular quarterly dividends of $1.75 on the 7 per cent preferred and $1.50 on the 6 per cent preferred, both payable b]e)n;;nber 20 to stock of ecord November 29. e eal prokers were pleased with the | 180 manner in which the New York stock 344 market acted in today’s early trading. 62% There were no extra large blocks of B1% stock changing hands as has been l.h‘e 79 case in so many recent sessions. ‘| 99 For the eighth consecutive week com- | g5 modity prices have declined, according| o to the wholesale price index of the Na- tional Fertilizer Association. For the week ended November 16 the decline was 0.4 per cent, for the eight weeks ended November 16 it was 2.8 per cent and since July 27 it has amounted to 3.8 per cent. 164% 50 New‘Stock Plan Rejected. NEW YORK, November 19 (#)—Be- cause of the unsettled stock market con- ditions, stockholders of the United States Playing Card Co., of Cincinnati, have voted not to accept the proj recapitalization plan. The plan provided for the issuance of 2 shares of new common and 1% shares of no par con- wertible class “A” stock for each share 28% of $10 par value now held, ] 4T 101 Coca-Cols 42% Col Gas&E rcts ptpd. 105 Columblan Carb(16). Conso! Gas pf (6). .. Consol RR Cub of(6) urance (3 6% Contl Motors (30¢) 18 Conti Ofl of Del..s.a 88% 16% Columb Graph(87c). 272 23 31 139 18 Com Credit i2)......" 67 28 Comm Credit A (3). 8 28% Comm Invest Trust.. 59 87 Com Inv Tr pf(6%). 3 20% Comm Solvents (n).. 321 10 Comm&So(bs%stk). 39: 13 24% 321 38% 88 29% 13% 14 52 46Y% 16% 30% 434 814 334 44 9% 8215 8 361 * 26% 88% 19% 26% 47w 3419 344 100 12 4314 108 g e 124% 40 234 31 299 67 61 67 1 101% 101% 101% 103 0, 88% 19% 261 49 5 ™% 3 104 12 45 108 4 125% 40 400 110% 100% 1097 102 2 136% 136% 136% 135% 81% 9% 36 2614 20% 31 61% 90 21% 124% 89% 43% 454 4d% 45 45 45 6114 61% 62 103 241 103 * 2414 215 220% 186 193% 103 12 25% 244 256% 25 244 216 188% 186 1934 187 116 116% 125 125 60% 99 9 19% 54w 70 99 9 20 8% 1014 b 116% 10 58 9% 84y 804 60% 23 35 60 5 10% 10% 10% 23% 35 v 44 324% 31% 824 44 219 212% 219 2 3 101% 101% 101% 101 165 165 55% 4014 T9% 56 41 83 150 165 4 116 117w 78 6% 31% Bd% 85 78 60% 4 1 104% 1043% 1041% 105 3 .65 65 65 6% 34 36% 87% 60 10 2! 35 165 2 68Y% 684 684 6 5 82 25% 244 25% 25% 114 78 59% 4 65 6 3% 354 B5IA 118% 1184 119 454 63 324 10% 23% 4% 17 80% 814 % 46 115% 120 43 43 23% 90% 36 224 35%% 153 182 63% B% 6 9% 27% 21% 354 13% 3l 85 39% 50% 26% 60 8% 22 4T 63% 34 11% 25 4% 17% 63 58% b6% b8 81 816 47 24% 20% 86 40 53% 27% 61% 8% 48% 63 30% 1% 25 3% 16% 4 116% 42% 22% 1261 112 24 Devne & Ray A (13). 6 Dome Mines (1)..... 12 Dominlon Strs(1.26) 69 Drug Cornn (4) . 1% Duluth S S & Atl 25 Dunhill Inter (3 10 Duplan Silk (1). 80 Du Pont de N(t4 107% Dupontd N deb (6).. 150 Eastman Kodak(18). 13 Eaton Axle&S (3).. 11% Eitingon-Sch (23).. 55% Eitingon pf (6% 50 Elec Auto Lite (6) 108 El Auto-Lite pf (7).. 3% Electric Boat. ...... 29% El Pwr & Lt (1). 98 EIPwr&Ltpf (T).. 56 Elec Stor Bat (5). 49% Endicott-John (5) 31 ~ Eng Pub Serv (11).. 84% Eng Pub Sve of (5% ) 81% Equitable Blag(2% ) 4l's ErleR R. 55% Frle R R 18t pf (4).. 15 Evans Auto L(12%). 20% Falrbanks Morse (3) 314 Fash Pk Assotk2%). 5 Fed Motor Tr (80c).. 28 Fed Watr Ser A 2.40. 47% FId Phen F Ins (2).. 33 Filene's Sons. .. 31 Fllenes (ctfs).... 441 First Natl Strs (1% 315 Fisk Rubbee. 38 Florsheim Shos A. .. 3214 Follansbee Bros(13) 33 Foster Wheeler (1). 12% Foundation Co...... 40 Fox Film A (4) 23% Freeport-Texas (4). 821 Fuller pr pf (18.68).. 5 Gabriel Snub A . 65% Gamewell Co (5).... 3% Gardner Motor. . 75 Gen Am Tnk Car($4) 42% Gen Asphalt. 1684 Gen Electric . 11 Gen Elec spec (60c). 35 Gen'l Food Corpn (3) 59% Gen Gas&E] A (e1%) 0 Gen Mills (13%) 7% Gen Mills of (6)..... 3315 Gen Motors (13.60) .. Gen Motors pf (7)... 30 GanOutd Adv A (4). 9 Gen Outd Ad vte (2). 20 Gen Public Serv(b§) 70 Gen Ry Signal (5)... 50 Gen Refrac (t4%) 80 Gillette Saf Raz(c5). 104 Gimbel Brother: 26 Glidden Co (m2 914 Gobel (Adolf). 31% Gold Dust (2%). 42 Goodrich BF (4).... 60 Goodyear Tire (6)... 87 Goodyear 1st pf (7). 14 Gotham Silk H (2%) 7% Graham-Paige. 7 Graham-Paigect.... 46Y% Granby Copper (8).. 39 Grand Storas (e1)... 9% Grand Unton. . . 30 Grand Union pf (3).. 32 Granite City Stl (4).. 42% Grant (W T) (el). 44 . 203’4 106 Greene Cani Cop (8).. k{ 14% Grigsby Grunow (2). 18 ' Gulf Mo & North 75% Gulf Mo & N pf (6).. 42 Guif Sta Steel (4). 12 Aahn Dept Stores. .. 74% Hahn Dept S pf(6% 21% Hartman A (2) 13 Hartman B (1 20) 6% Havana Elec Ry. 5% Hayes Body b8 %, 80 Hercules Powdr (3). 116% Hercules P pt (7) 45 Hershey Chocolats 60% Hershey Choc of (4). Hershey Ch pr pf(6). Holland Furn (e23%). Houd Hersh B (1%). Hsehld Fin pf $3.10.. Household Prd (14)., Houston Ofl......... 35 Howe Sound (t4%). 34% Hud&Man Ry (3.50). 60 Hudson Manh pf(5).. 38 Hudson Motor (5). 18 Hupp Motor (£2). 116 Illinois Central (7) 17% Independ O11 & G (2 3'3 Indian Motor Cycle. ., 13% Indian Refining. . 11% Ind! Refining ct. 684 Industrial Rayon.... 120 Ingersoll-Rand t6%. 75 Inland Steel (33). 22 Inspiration (4)...... 15 Interboro Rap Tran.. 2 Intercontinental Rub 4 . 40 109 Intl Business M (5).. 48 Intl Cmb Eng pf (1). Intl Harvester (2%) Intl vl (7). Int Hydro El A 18% Int Mer Marine otfs.. Int Nickel of Can(1). Intl Pap & P A(2.40). Intl Pap & Pwr C.... Intl Print Ink (2%).: 12% Investors Equity(2). 39 Island Creek Coal(4) 39 Jewel Tea (4). Sk Johns-Manville (3).. 1% Jordan Motor Car. 60 Kan City Sou (5) 634 Kan City Sou pf (4).. 1214 Karstadt (Rud.) Ine. 19% Kaufmann D8 (1%) 30 Kayser Jullus (4)... 70 Keith-Albee-O pf (7) 3% Kelly-Spring Tire. . 18% Kelsey Hayes (2). 5 Kelvinator Corp. Leh Port Cem (2% Lehigh Valley Coa! 34% Leh Val Coal pf (3). 65 Lehigh Valley (3%). 28 Lehn & Fink (3)..... 17 Libbey Owens (1)... 80% Liggett & My (15)... Liggett & My B (15). Liggett & My pt (7). Lima Locomotive. 37% Link Belt (2.60). 40 Lia Carbonie (+4% 22 r Ine (+2%) Inc pf (6% 4 Loftine ... 13 Long Bell Lu: 394 Loose- Wiles (2 60 14% Lorillard (P) Co 7 LoulsianaOll....... 28 LouG 22 Ludlum Ste 30% Mac A & Forb(13 921 McCrory pt (). 30 McGraw-Hill (3) 64 McKessport TP (4) . 21% McKenson & Rob.(3) 21 McLellans S(A)m20. 109% 109 916 173 30 18% 60% 78 Mid-Continent P (2). Mlddle States Of] ct.. Middle Sta ctfs (n).. Mtller Rubber. . Minn Moline Pwr:. Mo Kan & Texas. Mo Kan & Tex pf(7). Missourt Pacific. ... Missourf Pae pf (5)., Mohawk Carpet 12% . Monsanto Ch (g1%). Montgomry Ward(3) Moon Motor (new) Morrell J (3.60). Mother Lode (40c! Motor Meter G & B. Motor Products t Motor Wheel (3) Mullins Mfg. % Munsingwear (13%) % Murraay Corp (k3).. Nash Motors (§ Nat Acme (13%). Natl Air Tran 4 Natl Rella Hess($1). Nat Blscult (1734).. Natl Cash Reg A (14) Nat Dairy ($2) Nat Supply (t10) Natl Surety (5) Nat Tea Co (2) Nelsner Brothers, Nevada Copper (3) L3 Norfolk South (234). Norfolk&Wstn(+12). North Am(b10%stk} North Am pf (3)..... North Am EA pf (6).. Northern Pac (6).... North Pac et (5). Nor Ger Lloyd(3.41). Norwalk Tire & Rb 011 Well Supply. Oliver Farm Equip Oppenheim Col (5) Otis Elevator (6). Otis Steel (2% Owens 111 Gla; Pacific Gas& B (2).. Pacific Lighting (3).. Pac!fic Ofl stub: . Packard Mot (a . Pan-Am Petroleum Pan-Am Pete B Panhandle P& R Paramount-F-L (3). Park & Tilford (33). Park Utah.. Paths Exchang: Pa'ino Mines (3 Penick & Ford. Penney (JC), . Pen (JC) pf A (6)... Penn Dixte Cement, Penn Dixle Cemt pf. Pennsylvania RR(4) Phila& Read C& I.. Philip Morris (1) Phillips-. Philiips Pete (1%) Plerce-Arrow A. Plerce Arrow pf (6). Pierce Oil. . Plerce O1l pt. Pierce Petroleum. ... Pillsbury F1 (123%).. Pirell1 Co A (2.88). Pittsburgh Coal. Poor & Co (B) (2). P Rican Am To (B) Prairie O&G (12%) Prairie Pipe L 143 Pressed Steel Car. Pressed Stl C pf (7). Proc & Gamble (2).. Prod & Refine: Pub Sve NJ (2. Pub Sve NJ pf (8). Pullman Corp (4) Punta Alegre Sugar.: Pure Ol (1%)...... Purity Bakeries (4) Radlo Corp. Radlo pf A ( Radio pf B (5). Radio-Keith-Orph A. Raflway & Exp (2).. RRSec1CstkC4). Raybestos Manhatn, Reading (4)... v Reading 1st pf (2)..s Reading 2d pf (2) Real Silk (5). Rels (R) & Co Rels (R)&Co 181(7) Rem Rand (50c) . Reming-Rnd 1st (7). Reo Motor (11.40)... Rep Brass Corp. . Repub Ir & Steel (4) Rio Grande Ofl (ki Ritter Dental (2%) Rossta Ins (2.20). 7 Royal Dutch (a3.30). 48 Safeway Stores (3).. 33 St Joseph Lead (13). St L-S.n Fran (8)... St L-San Fran pf (§) St L Southwestern. . St L Southwn pf (5). Sharp & Do pf (3% ). Shattuck (FF @) (1) Shell Unfon (1.40 15 Shubert Theater (5). 5914 Simmons Co (g3)... 3 10:30 AM.cueoas Dividend rates as given in um.‘%‘l’llh of trol%l;‘i s L l1 4% 1n stock. §Pl P oy ML R S T 1736 of & share in stock. Stand Gas & El (3%) 3 5 89 ) Stand Plate Glass. Starrett(LS)Co(2).. 4 Sterling Sec A).. Sterling Sec ev pf(3) Studebaker (35). % Submarine Boat..... 65% Sun Ofl (p1) 15 Telautograph 11.05 9% Tenn Cop &Ch (1). 50 Texas Corp (3) 42% Tex Gulf Sul (4). 9% Texas P C & Ofl (b5) 6% Texas Pac Land Tr.. 16! Thatcher Mfg.. 35 Thatcher of ( 614 Third Avenue, 10 Tide Water A: 7T4% Tide Wat Asso pf(6) 14 Tide Water Of1(80c). 653 Timken Roller (3 1 Tobacco Product: 1% Tobacco Prod ctfs. .. 5% Tobacco Froducts A. 4% Top Prod ctfs A. 5% Transcontinental 21 Transue & W (1) 3L Trico Prod (2%). 28 TwinCity Ro T (4).. 82 Und Elliod Fishr (5). 7 Union Bag & Paper 59 Union Carbide(2.60. 42% Un Ofl of Cal (%: 200 Union Pactflo (10)... % 80 Union Pacific pf (4).. 31 Utd Alrcraft&Trans. 44% Utd Alrcraft&T of 8. 83% Utd Biscult (1.60). 40% Utd Carbon (2) 4% Utd Cigar Stores 1 Utd Cgar Stores ctfs Utd Corporation. 42% Utd Corp pf (3) 13% Utd Electrie Coal(3) 99 Utd Frult (ed)... 22 Utd Gas& Imp (1) 90Y% Utd Gas & Im pt(b 7% Utd Paperboard. 15% Utd Piece Dye Wk 6% United Stores A. 21 Utd Stores pf.. 17% U S & Foreign Secur. 82 US & For Sec pf(6). 87% U S Freight (3) 24% U S Hoffman (2). B: U SInd Alco (6)..... US Leather A (4). U S Leather pr pf(7) U S Plpe & Fdry (2). U S Pipe 1st pf (1.20) D 29% U S Smelt Ref (3%). 48 USSmelt Refpf3% 1 (18).. U S Steel pf (7). 5§5% U S Tobacco. . 26% Univ Leat Tob (3). 3 UnivPipe & Rad..... 2% UtIPwr& Lt A (e2) 33 Vick Chemical(23%). 3% Virginia-Car Chem.. Wanash..... Wabash pf A (5). Waldorf Syatm (1%) Walworth (1.20). Warner Bros Pic (4) Warn Br P pf(2.20).. Wi Quinlan (2). 115 Warren Bros (19). 15% Warren Fdry & Pip 4 Webster-Eisenlohr. , 20 Wess Ofl & Snow(2). 49% Wess O & Sn pf (4).. 36% Westn Dairy A (4. 7 Westn Datry (B). 10 Western Maryland. 14% Western Md 2d pf... 15 Western Pacific. . 3614 Westngh Alr Brk(2). 100 Westngh EI&M (4) B Y- TOT Yo - PYOIOIE AV White Eagle Oil (2) 27% White Motors (2) 27% Whits Rock M S (3). 1 White Sewing Mach.. 30% White Sw Mch pf(4). 12% Wilcox Ol & Gas.... 19 Wilcox Rich(A)3% .. 12% Wileox Rich B (c2).. 5% Willys-Over (¢1.20).. 3% Wilson & Co.. 6% Wilson & Co A. 35% Wilson & Co pf. 52% Woolworth (3.40) 43 Worthington Pum 66 Worth Pump B (6). 65 Wrigley Wm (4). 61% Yale & Towne (15).. 7' Yellow Truck & C... 33'% Young Spring (3) 10% Zenith Radlo (2). RIGHTS EXPIRE % Allis-Chal, n.Dec. 31 % Am Rollg M. .Feb 15 3 Bang & Aroos Dec. 7 3 Bucyrus Erie Dec 30 % Col. Carbon..Mar. 11 10% Det Edison. .. Dec. 23 % Gen. Asphalt.Nov. 27 1 Grant (WT).Nov26 84 1 Kreu&Toll. Dec 23387 6% N Y Central..Jan31 111 % Reynolds Tob.Jan 24 22 % Utd Gas Im..Dec 31 361 Sales of Stocks on New York Exchange. 534,100 T Ty the above t test quarterly or res. : 3 bl tock. TS TR 5 S in stock. o Plus ’d s Payable when Corporation NEW YORK, November 19.—The fol- lowing is today’s summary of important corporation news, prepared by Stand- ard Statistics Co., Inc., New York, for the Associated Press. News Trend. Loadings of revenue freight for the week ended November 9, while below same week of 1928, showed a much smaller decline than had the previous two weeks. Total loadings of 1,049,475 cars were only 4,878 cars, or less than one-half per cent, below the 1928 week. Grain products, ore and forest products showed. a decline of about 22,000 from a year ago, while remaining classifica- tions increased moderately. Grain $hip- ments this Fall have consistently fallen below the corresponding periods of 1928 as § result largely of the with- holding of grain from the market until such & time as better prices prevail. This, therefore, does not involve a loss of revenue to the railroads, but merely a postponement, The recent stock market readjust- ment. is still being reflected in cor- porate mews, several additional units finding it desirable tq change Noon. ... .. 1,559,000 able are the annt baif eatly declarations | 1Bartly extra. 3Plus | in stock k. T stock. 15 6 122 11% 18 uai cash | € Plus 5% or_stock 3 Plus 2 ™ Pl terms, Most recent example is the As- sociated Gas & Electric in reducing price for allotment certificates and in- creasing the amounut of underlying conversion equity. The Companies. American Colortype obtains exclusive contract for all color printing work for Liberty Magazine for a term of years. American Products earned $2.11 per share in year ended September 30, vs. $3.25 a year ago. Bendix Aviation earned $3.26 per share in nine months to September 30. Calumet & Hecla in Corporation retires $6,000,000 additional Dodge Bros. debentures, re- ducing total outstanding to $49,180,000. Commercial Investment Trust places new common on annual dividend basis of $1.60 in cash and 6 per cent in stock, compared with $4 in cash and 10 per c!rll't- In stock before 2y;-for-1 stock split. Detroit Edison earned $13,454,255 in 12 months to October 31, an increase of 102 per cent over year ago. Doehler Die Casting earned. $5 8:: m.nm :fmn:m m: 2 'uzom months to Oc- tol 3 .50 year . - Gerham ‘Manufacturin, b share 4n- nine mon! 1, against §2.93 year ago, ‘to October earned $3.20| ness. International Paper & Power Sep- tember electrical output ugon per cent; nine months 40 per cent above year ago. Lake Shore Mines increases dividend basis from 80 cents to $1.20 annually. Ohio Brass earned $5.80 per share in nine months to September 30, against $5.41 in entire 1928. Otis Elevator declares extra dividend of $2 per share on common; paid §1 extra in December, 1928. Pet Milk earned $1.24 per share in nine months, against $1.52 in same period of 1928, Pilot Radio & Tube October sales ugolo per cent; 10 months 59 per cent above year ago. Southern California Edison October net, before depreciation, up 20 per cent; 10 months 14 per cent above year ago. Superior Ofl had net of $1,904,663, before depreciation, depletion and taxes, in nine months to September 30, against $392,959 year ago. Unit Corporation of America earned $1.47 per common share in nine months ‘to September 30, against $1.92 year ago. United Electric Coal passes common dividend; had been payi: a5 , cents quarterly; development of uoin mine caused increase in company’s inbedted-, United: Pruit negotiations : confirmed: {oi pyichase of mel Fruit, ™ Absence of any forced or panicky liquidation as a result of the announce= ment of the first Stock Exchange fail- ure just before the close of yesterday's market, coupled with the beginning of President Hoover’s conferences to stim- ulate business, helped to revive confi- dence in the market. Evcept for an increase in the annual dividend rate on_Consolidated Gas of Baltimore and a few favorable earnings reports, there was little in the day’s business news to influence the price movement. Call Money Plentiful. Call money was in plentiful supply at the renewal figure of 5 per cent, with loans in the outside market reported at 4 and 4'; per cent. Other monetary markets also showed an easier under- tone. ‘The " quiet, orderly character of the day's trading was widely hailed by brokers as a_constructive development. After the violent convulsive movements of the past month, most brokers were agreed that a period of comparative rest and narrow fluctuations was needed until the effect of the recent securities decline on business could be definitely ascertained. While some brokers con- tinued to urge their customers to stay on the sidelines for the time being, others continued to make buying recom- mendations for seasoned dividend-pay- ing_stocks. United States Steel was again a leader, steady accumulation of that issue carrying it up to 164!, with the stock at no time selling below 160 where strong support was apparent. A brisk demand also developed for such issues as American Can, American Telephone, General Electric and Johns Manville, some of which had opened with mod- erate declines® 0dd-Lot Buying Gains. 0Odd-lot buying orders again appeared in rather large volume, testifying to a renewed demand for stocks by small investors. Few blocks of more than 5,000 shares changed hands during the three-hour session. CHICAGO LIVE STOCK MARKET CHICAGO, November 19 (U.S. De- partment Agricilture) —Hogs—Receipts, 40,000 head; including 5,000 direct; market mostly 5 to 10 cents lower; ac- tive at decline; top, 9.15 paid for 240- 280 pound weights; 9.00 popular prices, 190-340 pounds; good to choice, 150~ 190 pounds, 8.50 to 9.00; butchers, medium to choice 250-300 pounds,. 8.6! to 9.15; 200-250 pounds, 8.75a9.15; 160~ 200 pounds, 8.50 to 9.05; 130-160 ds, 8.25 to 9.00; packing sows, 7.75 to 8.50; pigs, medium to choice, 90-130: pounds, 8.00a8.75. Cattle—Receipts, 7,000 head, calves, receipts, 2,000 head; very slow market; meager suply; god and choice year- lings about steady; other grades year- lings, weighty steers, she stock, weak; low-price poultry a very weakening factor in beef and llv‘eJ cattle market; and medium, 850 pounds up, 8.25a12.50; fed yearlings, good and choice, 750-950 pounds, 13.25a15.75; heifers, good and choice, 850 pounds down, 12.75a15.00: common and medium, 7.25a12.75; cows, good and choice, 7.75a10.25. Common and medium, 6. .75; low cutter and cutter, 4.75a6.00; bulls, good and choice (beef), 8.75a10.25; cutter to medium, 6.5029.25; vealers (milk fed), good and choice, 12.00a15.00; medium, .50212.00; cull and common, 7.00a .50; stocker and feeder steers, good and choice, all weights, 10.00a11.00; common and medium, 7.25a9.25. - TREASURY CERTIFICATES. (Repotted by J. & W. Seligman & Co) Rat~ -Maturity_ E Ter. i 2148, “iozo. 100 PROGRESS With Us Where Your Savings Grow You Can Start Your Account With 1 Payable Monthly 5% Interest Paid on Your Savings Real Estate Loans On the Monthly Payment Plan Mutual Building Association 306 7th Street S.W. Organized October, 1802 Thomas P. Brown President. Thomas E. Petty Secretary. Unconditionally GUARANTEED The Lesson Was Costly America paid billions to learn the wisdom of 6% with Safety. Regardless of the market, in- terest checks on our 6% First Trust Notes always go out on regular dates. Here’s guaranteed income worth investigating