Evening Star Newspaper, November 22, 1929, Page 14

14 #% FIN ANCIAL. THE EVENING STAR, WASHINGTON, D. C, GAIN N INSURANCE RECORD IN D.C. Increase of 19 Per Cent for October Over 1928 Month Shown. BY EDWARD C. STONE. An increase of 19 per cent in the " amount of insurance written in the District of Columbia in October com- pared with October, 1928, is reported by 78 companies which do more' than 88 per cent of the total life in- surance business in the United States. Maryland made a remarkably good showing in Oclob;;‘l‘, Tt an in- Tbece of 0 per cent over the cor- responding permq Jast year. This increase placed Maryland in_third place for all the States in the Union, only Dela- ware and Wyoming making & better ving. 'hsl‘:r‘;&glh also lhun? ;Ié) ;flfh?“::*c:\;‘% ing a gain of 13 3 :!e:’x?angzln thirteenth place in »th! Msl.‘ West Virginia did almost as well, lm; nouncing a gain in October of 13 fiit cent. In reaching the top of the Delaware had to boost new insurance nt. assmlfecnrulins stood at the bottom of the list, reporting a falling off in nsurance written in October of 14 p‘:l‘ cent. North Carolina also failed to mal te any progress, the loss being 6 per I:Ptl;l. ‘Another Southern State down in ) : yed was Florida, with decrease of per cent, while New York and T_‘e‘;:- nessee had the same falling off. ; United States and the District i.iu Columbia, ta}lipn‘ 'iagct.:u:-én{md a gal nth of 4 pe g ‘or"';'}l;:‘l'g“;’lns been no deflation \1( life fnsurance values" the report says. ‘Each policy in force is worth more now than it ever was while stocks have !l\le'n‘ cg; | the average to only half to two-th rd of their recent heights. In contrast to | the more quickly acquired but maec'\lxre profit to be derived from speculative stocks is the steady income assured by life insurance. The life insurance colll;h nies expect even greater sales in the ugure.” i ring the first ten months of 192 ev?r; u%mn\ol the country increased its production of ordinary life insurance over the same period in 1928. The country as a whole has paid for & Solume of life insurance 8 per cent greater than paid for in the same ten months of 1928. Fenner & Beane Move Office. nner & Beane, New York Stock brgkeers, are opening new offices at 1430 K Street northwest after carrying on their business here for the last_six years at the Willard. Their new offices are now in operation and they will close the Willard office at the end of the present month. The new offices have ample boardroom space, complete ticker nngj other brokerage service, private offices, consultation rooms and special boardroom for women in the mezzanine. The local offices of this firm will, hereafter, be under the management of W. E. Lewis and John McLean, Lewis is well known in Washington, having been in charge of the Fenner & Beane office here for some time, and McLean, who comes here from New York, has been for some years & special repre- senative of the firm. Associated with them will be mg;ond Sauter and Gen. Richmond P. vis. Many floral tributes from business as- sociates and customers adorned the new offices today. The managers also re- celved many personal congratulations on their new .quarters. The firm has a Jarge number of offices all over the coun- try and membership in practically all the trading exchanges. Thorpe to Address Club. ‘Merle Thorpe, editor of the Nation's Business, will address the Advertising Club of Washington at the next meet- ing, Tuesday noon, November 26, at the National Press Club. Mr. Thorpe will talk on “Advertising’s Opportunity,’ according to announcement made by Charles J. Columbus, managing director of the association. Mr. Thorpe has ad- dressed the District of Columbia Bank- ers’ Association several times and is an excellent speaker. He is a director of the National Metropolitan Bank. The Ad Club has invited the members of the Washington Bond Club to be guests at the meeting. Secretary Proc- tor announces that the Bond Club has accepted the invitation and that the regular meeting will_be held at this time. Notices have been sent to the ‘members and a large turnout of finan- ciers is anticipated. Federal-American Stock Active. Federal-American National ~ Bank stock was one of the most active issues on the Washington Stock Exchange to- day. It opened at 290, and closed at 295, on a turnover of 99 shares. Mergenthaler Linotype was another outstanding feature. This stock started the session at 103, and closed up an eighth, & new high on the present move. ‘Washington Railway & Electric common came out for the first time in many weeks, selling at 500, against the last sale of 575. The preferred again moved au 92. Capital Traction sold at 75. Many other issues appeared in small lots, and bonds were in fair demand. The ex- change will be clgsed tomorrow. Heard in Financial District. The re-election of C. J. Gockeler as secretary of the Washington Stock EX- change was a reward for long service. Mr, Gockeler has served the exchange for several years in this position, and is on the board of governors, and is a most enthusiastic member. He is vice presi- dent of the District National Bank. Y. E. Booker, head of the investment firm by that name, attended the stock- holders meeting of the Mergenthaler Unot:‘%& o, held in Brooklyn, N. Y., on Wednesday. W. W. Spaid of W. B. Hibbs & Co., is in New York attending a meeting of the board of governors of the Associa- tion of Stock Exchange Firms. The resignation of James Sloan, jr., as manager of the Washington branch of Mackubin_Goodrich & Co., investment bankers of 1508 H street northwest, has been announced. John B. Mothershed will now have charge of the stock de- partment temporarily, and Ralph M. Wolfe the investment securities depart= ment. €. 1. Gockeler. Other Financial Notes. The Atlantic Coast Line Railroad h: declared the usual extra dividend of $1.50 and the regular semi-annual divi- dend of $3.50, both payable January 10 to stock of record December 12. Brokers’ loans decreased $585,000,000 in past week, to $3,587,000,000, against $5,157,000,000 on November 1, 1928 Federal reserve system ratio, 71.2 per cent, against 69.5 per cent a week ago and 68.4 per cent a year ago; New York bank, 80.3 per cent, as against 78.7 per cent and 76.0 per cent, respectively; no announcement on New York rediscount rate of 41, per cent. The board of directors of Incorpo- rated . Investors has declared an extra cash dividend of 10 cents per share on ] stock of record November 25, pay= able December 20. This is the second extra cash dividend disbursement to shareholders this vear. According to William Parker, treasurer of the compeny, this extra cash dividend is “an expression of confidence in Ameri- can business and our belief that any curtailment will at the worst be relatively ~lived. All stock dividendsamnd ~hts have been 1einvested and coupted 1224 FRIDAY, NOVEMBER 22, 1929. FINANCIAL. | TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE —~Prev 1929~ Stock and Hieh Low. Dividend Rate. B8% 69 ADItibi P& P pf(6). 34 Adams Express ctf: Adams Exp pf (5). Adams Millls (2).... Advance Rumley. Advance Rumley pf “ Ahumada Lead..... Afr Reductn (14%) 20'% Alr Wal El1 Ap(2%) Rubb 7 Alleghany Corp. . Alleg Corp pf (5% ).. 80% Alleg Cpf (5% )xw., 354% 197 Allled Ch & Dye (6). 125 11814 Allled C& D pf (7).. | 75% 354 Allis Chalm (n) (2).. 8015 Alpha Port Cemt(3). 1% Amal Leather. . 73 204 Amal Leather pf. 42% 17' Amerada Corp (2) 23% 4 Am Agricul Chem 78% 18 Am Agricui Ch pf. 157 65 Am Bank Note(f3). 4 Am Beet Sugar...... 27 Am Bosch Magneto. . 40'5 Am Brake Snhos 2.40. Am Com Ale (k1,60), « Am Encaust Til (2).. Am European Sec. Am & For Power. 101'4 Am&Forn Pwr pf(7) 8614 Am&For Po 2d pf(7) 19 Am Hawallan (1) 3% Am Hide & Leathe, 23'% Am Hide & Lea pt. 40 Am Home Prd (3.60) 29 American Ice (3).. 86 Am Ice pf (6 29'4 Am Internat . 2!y Am La F & Foam!! 90 Am Locomotive (8. 119% 111% Am Loco pf (7)... 279% 142 Am Machine Co (17) 3115 Am Metal (3). ¢ 50 10814 103 175% 64 Am Pow & Lt (11) 104 9244 Am Pow & Lt pf (6). 84% 727 Am P&L f A 8t (5). B5% Am Ra&Std San 1%. 64% 1213 Am Republics. . 144% 60 Am Roll Mill (e2)... 74% 44 Am Safety Ras (15) }:gh 62 Am Sm & Ref (4). 49 38 Am Snuff (3) 79% 35% Am Steel Fdy 85 40 Am Stores (12%). 94% 56 Am Sugar Rfg (5) 160 Am Tobaceo B (110). 15% Am Woolen pf.. Am Zinc Ld&Sm. . Anchor Cap (2.40)... Anchor Cap pf (6%). ‘Andes Copper (3). 18% Archer-Dan-M (2) 75 Armour Del pf (7) 5% Armour Ill (A) Atl Coast Line (110). 86% 324 AtIG & W Indles 77% 30 Atl Refining (12) 140 67 Atlas Powder (15) 17% 5 Atlas Tack.... 514 120 Auburn Auto (J4)... 11% 3% Austin Nichols. 424 18 Austin Nichols pf... 20 5% Aviation Corp. Del €6% 15 Baltimore & Ohio (1) 73% Beatrice Cream (¢).. 45 Beechnut Pkg (¢3)... 5% Belding-Heminway.. 25 Bendix Aviation (2). 25 Best& Company.. 140% 128 116% Bethlehem St pf (7). 61% 25 136% 63% 100% 6% 145 63% 43% 1314 3% Borden & Co (3) Borg Warner (4). Boston & Main 8% Briggs Mfg.. - 20 Briggs&Stratton(2). 37% British Em St 2d pf. 14 Brockway M T (3) 81% 40 Bklyn-Manhat (4)... 92% 76% Brooklyn Man pf(7). 124 7 Brooklyn & Queens.. 248'% 99 Bklyn Unlon Gas (6) 511s 36 Brown ShoeCo (3).. 65% 16% Bruns-Balk-Col(3).. 44'% 4% Bruns Ter & Ry S... 42% 14 BucyrusErte(1). 50 26% Bucyruscv pf (234) 9 Budd (EGj (1%). 25 Bullard Co (12). 21% Bulova Watch ( 22% Burns Bros B 29 Burroughs AM(t1. 31% Bush Term (g2)..... 2 Butte Cop &Z (50c) . 5 Butte & Superior (2) 50 Byers (AM).. . 20 By-Prod Coke (1)... 63% Calif Packing (4 1 Callahan Zinc & L. 73% Calumet & Ariz (10). 25 Calumet & Hec (4%) 20 Campbell Wyant (z). 5 ada Dry G A (5). Cannon Mills (2.80) Capital Adm (A Case (J 1) (6).... 8/ Cavanagh-Dobb 31 Celotex (3) 21 Cent Aguirre . 2714 Cant Alloy Steel (2). 240 Cent RRof NJ (112). 52% Cerro de Pasco (6).. 11% Certain-teed Prod... 18 Checker Cab Mfg Co. 160 Ches & Oh10 (10),... 42% 9% 48% 59% Chi Preu T pf (3%)~ Chi R1& Pac (1) 94% ChiR1& Pacpt ¢ Chrysler Corp (3) 397% City lce & F' (3.60). 7w City Stores (1). Clark Equipment (3) 52 ColGas& El (2). 99'% Col Gas& EIpf A 6). 42% Col Gas&E rcts ptpd 50 Col G&E rets full p 16% Columb Graph(87c). 105 Columblan Carb(16). 62% 18 Com Credit {2) . B1% 28 Comm Credit A (3) 2814 Comm Invest Trust. Comm Solvents (1).. ‘omwlth Power (4). 885 344 Conde Nast Pub (2).. Congoleum-Nairn. Cong Cti Consol Cigar (7) Consol Film (2). 15% Consol Film pf (3) #0% Consol Gas, NY (4). 921> Consol Gas pf (5)... 45 Consol RR Cub pf(8) 1 Consol Textil 12 Container Corp A. 3% Contatner Corp B. 28 . O 2321 160 Am Tobacco (110)..; 239 C Commé&So(bb%stk). " Sales— Add 00. High. 1 784 47 30 1 3. 793 3 13% 4 21% 7 “ 120 135% 1281 4 250 12 118% 115 12 1 123% Am Sm & Ref f (7). 7 227% 205 2 207% 4 118% 7 Anaconda Copr 7).. 645 50 2 9 Baldwin Loco (new). 105 57 1 > & 78% Bethlehem Steel (§). 233 1% 10% 25 247 415 4 19% 19%, 5814 83 814 135% 136 42% 271 27 10% 10 21 20% 35% 34 11% 3314 26'% 69'% 28%% % 1% 96 38% 37w 23 224 69 67 20214 202 203% 200 60 584 5% b4 6% 6% 104 10% 31 24% 41% 4 0% 89 140 13y 28% 27% 50% 50% 120t 119 100 100 29% o = IoRcoud-Faralos 124% 124% 471 46% 17% 3! - 3 7 210 27 48 3 27 220 354 101% 100 24 99 98% 48 1% 14 4% 39 6 8% 40 66'% 8% 26% 90% 8% 481 1% 14% 5 101 Prev. Close. Close. 76' | 13215 1334 22% 121% 12 i 824 814 42% 27 10% 20% 21 100% 100% 9814 48 1% 144 5 —Prev. 1929— % 100 Stock and Dividend Rate. Cream of Wheat (2). Crex Carpet........ Crossley Radlo (31). Crown Cork & Seal. . Crown Zellerbach (1) Cructble Steel (5)... Cuba Cane Sugar. Cuba Co. Cuban Dom Sugar Cudahy Packing Curtis Publishg (17) 7% Curtiss Wrignt Corp 14 58 63 21% 14115 120 4 1074 107 T4 91% 12615 52 153'% 961y 19 150 4914 1084 31 80 B4 31w 4l 5514 37 15 20% Slw 96 5 28 47% 441 s " 12% 40 23% 8219 5 65% Curt Cut) Cuyamel Fruft, Davison Chem. . Delaware & Hud (9). Del Lack & W (17).. Denv& RG W pf. Detroit Edison ( Dome Mines (1) Dominion Strs(1.20) Drug Corpn (4). Dunhill Inter (3 Duplan Silk (1) Dupont de N (t! D'pont d N deb (6).. Duquesne 1st pf (5). East Roll Mill (1%). Eitingon pf (6%). Elec Auto Lite () Endicott-John (5)... FEndicott-John pt (1) Eng Pub Serv (f1).. Eng Pub Sve pf (5).. Eng Pub Svo pf(5%) Equitable Bldg(2%). Er! Ricevaan 3 Erfe R R 1st nf (4).. Bureka Vac Cl (4)... Evans Auto L(12%). Fairbanks Morse (3) Fash Pk Asso(k2). Fed M & S pf (7) Fed Motor Tr (8 Fed Watr Ser A 2.4 Fid Phen F Ins (2).. First Natl Strs (1%) Fisk Rubber........ Follanshee Bros(+3) Foster Wheeler (1).. Foundation Co. Fox Film A ( Freeport-Tex Fuller pr pt (t Gabriel Snub A. Gamewell Co (5) 5% Gen Cable A (4). 102 42 168% 11 35 59% 50 877% 331y 112 30 9% 20 70 50 80 1014 26 9% 31% 95 42 984 (3] 87 14 4 ™ 7 46% 39 20 9%, 30 32 42 E5% 854 19 28 14% 18 75% 42 T4% 211 13 a4 25 45 60% 1 34% 60 38 18 116 Gen Cable pf (1) Gen Cizgar (4). . Gen Electric (16). .. Gen Elec spec (60c). Gen'l Food Corpn (3) Gen Gas&Elec A(e2) Gen Mills (13%).... Gen Mills pt (6)..... Gen Motors (13.68). . Gen Motors pf (7)... Gen Outd Adv A (4 Gen.Outd Ad vte (2). Gen Public Serv(b§) Gen Ry Signal (5)... Gen Refrac (t4%).. Gillette Saf Raz(c). Gimbel Brothers, Glidden Co (m32) Gobelt (Adolf). Gold Dust (2%4).c..0 Gold Dust pf (6).... Goodrigh EF (4). Goodrfth pt (7). Goodyear Tire (5) Goodyear 1st pf (7). Gotbam Silk H (2% Gould Couple Graham-Paigi Graham-Paig Granby Copper ( Grand Stores (e1)... Grand Stor pt (6%). Grand Union. ... Grand Union pt ( Granite City Stl (4). Grant (W T) (el)... Grt North pf (5).... Grt North pf et (5).. Grt Nor Ore,(a1%).. Grt West Sug (2.80). Grigsby Grunow (2). Gult Mo & North. ... Gulf Mo & N pf (6).. Gulf Sta Steel (4)... Hahn Dept Store: Hahn Dept S pf(¢ Hartman A (2) Hartman B (1.20)... Hayes Body b8 % stk Hercules Mot (1. Hershey Chocolate. . Hershey Choc pt (4). Hoe (R) &CO..vuvue Holland Furn (e2%), Homestake Min (17). Houd Hersh B (1%). Hsehld Fin pf $3.10.. Household Prd (14). Houston Ofl.......s. Howe Sound (14%). Hud&Man Ry (3.50). Hudson Manh pf(5) Hudson Motor (5) Hupp Motor (£2)..., I1linots Central (7).. 39% 17% Independ O11 & G (2) ) 255 102% 10814, 121 142 145 594 10214 3914 T2% 9414 44 334 26% 95 68% 59 % 15945 149% 122% % % 82 44% 34 13% 1% 6814 40 109 48 8 30 65 137 23 47 18% 25 77 20 12 9 7 40 25 b4 95 224 384 16'% 80U 3 30 10 d4te Indian Motor Cycl Indian Refining. Indian Refining ct... Industrial Rayon. ... Ingersoll-Rand 16% . Inland Steel (3%)... Inspiration (4).. Interboro Rap Tran. Intercontinental Rub Intl Agricultural.... Intl Agri pr vt (7) Intl Business M (5 Intl Cement (4). Int Con,busllont. Inti Cmb Eng pf (1).. int) Harvester (2%4). Intl Harvpf (T)..... Int Hydro El A (e2). Intl Match pf (3.20)., Int Mer Marine atfs.. Int Nickel of Can(1). Intl Paper pf (7).... Intl Pap & P A(2.40). Intl Pap & Pwr B. Intl Pap & PwrC.... Intl Pap & Pwr pf(7) Intl Printing Ink (3) Intl Rys Czem Am... % Intl Silver (18).. Int Tel & Teleg (2 Inter Dept St (2). Intertype (f11%). Investors Equity(2). Island Creek Coal(4) Jewel Tea (4)....... Johns-Manviile (3). Jordan Motor Car. Kan City Sou pf (4) arstadt (Rud.) Ine. tmann DS (1% Kayser Jullus (4) Kresge 88 (1.60).. Kress (SH)Co (n1).,. Kreuger & Tol(1.34). Kroger Gr&Bak(c1), Port Cem (2% Lehigh Valley Coal. Leh Val Coal pf (3) .. Lehigh Valley (3%). Lehn & Fink (3). % Link Belt (2.60) 1.la Carbonle (14%). Loew’s, Inc (12%).. Loew'spf xw (6%). Loft Inc. . Long Bell Lumb A. Loose-Wiles (3.60). Lorillard (P) Co. Loutsiana Oll....... LouG & B1 A (1%) Ludlum Steel (3! Mac A & Forb(13. MeCall Corp (4). MeCrory B (2). McCrory pE (6).. Sales— Add 00. 32 s e 9 2B mtema i imon e s IR (20 & D A s 38 0 Prev. . Close. Close. 29 2 100 20% 102% « 55 —~Prev 1929 Stock and Dividend Rate. McKeesport T P (4). 17 McKesson & Rob (2) 1 McKes & Rbpf(3%). & McLellans S(A)m20. 16 Mack Trucks (6).... 29 Macy (RH)&Co(ct3) Madison Sq G (1%). Magma Copper (6).. Mallinson & Co . Mandel Brothers. % Man Elec Supply Man Elev mod (d5).. Man Shirt (2) Marmon Moto Mathieson Alk (e2 y Dept Stors % Maytag Co (12) ag Co pf ¢3) Melville Shoe (1.40). Mengel Company (2) Mexican Seaboard... 127 Miller Rubber....... Minn Honeywll t3%. Mo Kan & Tex pf(7). Missourt Pacific. Missourt Pac pt ( Mohawk Carpet 12% Monsanto Ch (g1%). Moon Motor ( Morrell J (3.60). Mother Lode (40¢c) Motor Meter G & B Motor Products t10.. Motor Wheel (3) Mullins Mfg. .. Munsingwear (1314) Murraay Corp (k3).. 173 Myer(FE)& Bro (1). Nash Motors (§) Nat Acme (1%4). H, Nat Biscult (173).. Natl Cash Reg A (14) NatiEnameling (2).. Nati Lead (5)... Natl Pwr & Lt (1). Natl Radiator. Natl Radiator pf.. Nat Supply (+10).... Natl Surety (5). Nat Tea Co (2) Netsner Brothe: Nevada Copper ( Newport Co A (3). Newton Steel (3) N'Y Air Brake (3). N ¥ Central (8) NYChi&StL % NY NH & Hart (5).. NYNH&Hof (1).. NYOnt& West..... N'Y Ratlways pf.. Norfolk&Wstn (112) North Am(b10%stk) North Am pf (3) North Am Ed pf Northern Fae (5) Norwalk Tire & Rb.. Ofl Well Supply..... Oliver Farm Equip. . Olivr Fr Ep ev pt(3), Olivr Fr Eq pt A(6 Omnibus Corp. ... Oppenheim Col (5). .. Otis Elevator (18) Otis Steel (2%)... OweRs 111 Glass (4).. Pacific Gas & E (2).. Pacific Lighting (3).. Pacific Ofl stubs. .... Packard Mot (a30c). Pan-Am Petroleum. ., Pan-Am Pete B. Panhandle P& R.... Paramount-F-L (3). Park Utah. Parmelee Tra Paths Exchang Pathe Exchi Patino Mines (3.89). Peerless Motor Car. . Penick & Ford (25c) Penney (J C).. Pen (JC) pt A Penn Coal & Col Penn Dixie Cement. . Penn Dixié Cemt pf. Pennsylvania RR(4) Gas Chi (8). Pet Milk (1%) . Phelps Dodge (3). Plerce Oil... Pierce Petroleum. Pillsbury Fl (12%).. Pittsburgh Coal. Pittsburgh Coal pi Pitts& W Va (6) Poor & Co (B) (2) P Rican Am To (B).. Postal Tel & C pf (7). Prairie 0&G (123).. Prairie Pipe L 14% .. Pressed Steel Car...; Pressed Stl C pf (7)., Proc & Gamble (2). .. Pub Sve NJ (2.60)... Pub Sve NJ pf (6 Purity Bakeries (4) Radio Corp. . Radlio-Keith-Orph A. Rallway & Exp (2).. Raybestos (2. Reading (4). Reading 2d pf Real Siik (6) Rels (R) & Co.. Reiz (R)&Co 1st. Rem Rand (50¢).... Reming-itnd 1st (7). Reming-Rnd 2d (8).. Reo Motor (71.40)... Repub Ir & Steel(4).. Reynolds Spring. ... Reynolds Tb B(2.40) Rhine West (1.92)... Richfleld O11 (2). Rio Grande Ol (k2). Ritter Dental (234).. Rosaia Ins (2 20). St L-San Fran pf (§) St L Southwestern Savage Arms (2) Schulte Retall Strs.. Seaboard Alr Line. .. Seaboard Alr Line pf Seagrave (e1.20).... Sears Roebck (12%) Second Natl Inv ctfs. Sec Natl Inv pt ctfs. Seneca Coppe: Servel Inc. Sharon Steel 19% Sharp & Dohme. Bales— Prev. Add 00, High. Low. Close. Close. i} 58 S 1929\ High. Low. 57 | 65% 50 71 Shattu, Skelly Snider Snider Spicer Spicer Splegel Sterlin; Sun Of Superi Supe Swee! Symin, Telauts Texas Texas Texa Texas Th Timkn Timkes Truax Und E Union Unton Union Union Union Pi P1 Vanad! Waldo Warre Westn; Westn, Westvi White White White White White Wi Woolwi Yale & Young Young Zenitn Am Bang. Col. Ca Gen. A Grant Reynol 10:30 AM... d payments based *Unit of tre tes on i lu; stoc] 1725 of & Stock and Dividend Rate. Sharp & Do f (3% ). 1 Shell Union (1. Shubert Theatres. 4 Simmons Co (£3) Sheffield st Utd Afres Utd Atrcraft&T pf 3. Utd Biscuit (1.60)... Utd Carbon (2). Utd Cigar Stores. ... Utd Cgar Stores ctfs Utd Corporation. . Utd Corp pf (3). Det Edison. 4 Kreu&Toll.. N Y Central..Jan 31 a Plus $: in_stock. e when ea £ Plus 10% 1n stock. g Plus 6% in i k. KPlus 15% a sha Prev. Close. Close. BBy 58 37 3% 244 16 8574 24% Sales— Add 00. High. Low. 10 581 52 36% 24 16 83 2314 278 33 30 Packing. 2 5 Packing pf 19 ck (F3) Ofl (2) Solvay Am Ln pf 6% . So Porto R Sug 12% . Southern Cal Ed (2). Southern Paelfic ¢ Southern Rwy ( Southern Ry pf(5). Sou Ry M&Oct (4). Spang-Chalfant. . Sparks Withngtn(1), Spencer Kelg(1.60) Mfg... Mfg pf (3) 1-May-St (3) Stand Brands (1%) i Std Brands pf(7).. Stand Gas & El (3%) Stand G& Epf (4)... Stand Inv Corp (b8).. Std Oil of Cal (h234). Stand Ol N J (12). Stand O11 N ¥ (1.60 Sterling Sec A) g Sec pr(1.! Sterling Sec cv pf(3) Stewart Warn(j3%). Sione & Webste 4 Studebaker (15). Submarine Boat. 1(p1). or Of1 or Steel....... of Amer (1).. gton A. ograph ¢t ‘Tenn Cop & Ch Corp (3).. Tex Gulf Sul (4). & Pac(5)..... PC&OIl (bs). Pac Land Tr.. cher Mfe (40c). Thatcher pf (3.60)... The Fair (2.40) Thompson J R (3.60) Tide Water Asso, Tide Wat Asso pf(6) Tide Water Ol pf(5) Det Axle 1800 n Roller (3) Tobacco Product. Tobaceo Prod ctfs. Tobacco Froducts Top Prod ctfs A..... Tob Prod dv etfs A Transcontinental Trico Prod (2% ) Traer (1.60).. Truscon Stl (£1.20) ., Twin City Rp T (4).. 1liod Fishr (5). Bag & Pap Carbide(2.| Un Oil of Cal (32 Pacific (10)... Pacific pf (4).. Tank Car(5).. t&Trans, Dy United Stores A. Utd Stores pf. .. U S & Foreign Secur. U S Freight (3). Leather A (4). e & Fdry (1). pe 1st pf (1.20) Utll Pwr &Lt A (62) Vadsdo Sa c- Vadsco Sales pf (7).. fum (14).. B Vick Chemical(2%). Virginia-Car Chem Virginia-Car 6% p! Wi ceees Wabash pt A (5) rt Systm (1%) Walworth Co (2).... Ward Baking B..... Warner Bros Plc (4). Warn Br P p£(2.20).. Warner-Quinlan (2). n Bros (19)... gh Alr Brk(2). gh EI&M (4).. Weston El Instru. aco Chlor (2). Eagle Oll (2).. Motors (2)... Rock M S (4) Sewing Mach. Sw Mch pf(4) Wilcox Oil & Gas Wilcox Rich(A)2 Wilcox Rich B (c2).. Wl}lyl—Over (e1.20).. Wilson & Co pf. orth (3. ) Worthington Pump.. Wright Aero (2)..... Wrigley Wm (¢) Towne (15) Yellow Truck & C. Spring (3)... Sheet & T (5) Radio (2).... RIGHTS EXPIRE lig M. .Feb 15 Aroos Dec. 7 rbon. . Mar, 11 Dec. 23 sphalt.Nov. 27 (WT).Nov 26 «Dec 2 Tob.Jan24 5 Utd Gas Im..Dec 31 440 Sales of Stocks on New York Exchange. 759,300 12:00 Noon. leclarations. tra. IPlus cash ‘or_stocl stock. J Plus 2% £ 1 3 fotn stock- 'n Plus 3% Th atock.” mPiue share in’stock. GRAYMUR CO.REPORTS| LARGE CASH ASSETS Chairman Murphy Announces | Good Progress Made by New Concern, Special Dispatch to The Star. NEW YORK, November 22—In & statement to stockholders of Graymur Corporation G. M. P. Murphy, chair- man, states that audited balance sheet as of September 30 showed liquidating value of $54.02 per share, taking se- curities at market value. Cash assets, amounting to $4,071,000, were equiva- lent to more than $23 per share. “During the period of stress that fol- lowed,” the statement says, “directors; after careful analysis, bought securities which; in their opinion, at the purchase prices represented real values and will show substantial ultimate appreciation. “As of November 15 the corporation had in excess of $1,400,000 in cash and call loans and commitments of $155,000. On the same date total net assets, based upon market value of investments, were equivalent to $43.19 per share. . “Assets were divided as follows: Cash dnd call loans, $1.432.296; accrued in- terest and dividends, $19,975; bonds and preferred stocks, $633,252; common stocks, $5,473,111; total $7,558,636. “Present, policy of the management,” Mr. Murphy says, “is to make additional purchases with extreme care, to seek investments only at unusually attrac- tive prices.” ration was organized last une 30 its present capital of 175,000 shafes was fully issued, the C. & 0. SURPLUS SHOWS DECREASE IN MONTH The first at the large Eastern rail- road reports of earnings for October showed decreases in gross and net re- ceipts for the month. The surplus of the Chesapeake & Ohio decreased from $3,918,000 for October, 1928, to $3,385,~ 000 for last month. ‘The Chesapeake & Ohio earnings follow: 1929. corporation receiving therefor $50 a| 10 share net, or $8,750,000 in cash. The N stock was quite widely distributed in ‘Washington. T, TICKER SERVICE EXTENDED. CHICAGO, November 22 (#).—Ticker service on the Chicago Stock Exchange will be extended to Boston, November 25, and to Hartford, Conn., December 2. ‘With this expansion quotations will be carried from the floor of the exchange to 32 cities. 9 e “After sinking 'fund approsriatio) LARGER POTATO AREA. Early potato growers in -11 Southern States report intentions to increase the | acreage of itoes about 12 per cent over that ted in 1929, the Depart- | ment of Agriculture announces. If these plans are carried out a total of about 238,400 acres of early potatoes {will be planted in 1930, compared to 213,450 in 1929 and 229,320 in 1928, ee—"—— STOCKS IRREGULAR INHEAVY SELLING i Week End Profit-Takers Cut Down Early Advances. Leaders Hit. N.Y. Stock Exchange Will Close 3 Days During Next Week By the Associated Press. NEW YORK, November 22— The board of governors of the New York Stock Exchange today voted to resume normal five-hour trading sessions on Monday of next week, but to close the ex- change all day on Friday and Saturday, November 29 and 30, in addition to the regular Thanks- giving holiday on Thursday. The New York Curb Exchange and Chicago Stock Exchange took similar action, Since the New York election day holiday, November 5, the Stock Exchange has been open for trading but three hours, from 10 am. to 1 pm., on all week days save Saturday, when it has been closed all day. This sched- ule has been in effect this weex and the exchange will be closed all day tomorrow. By the Assbciated Press. NEW YORK, November 22 —Wall street witnessed an old-fashioned trad- ing market today, in which the general list failled to make much progress in either direction. Several of the recent speculative favorites sold down 1 to 7 points, while a fairly long list of pub- ::‘(:B'?(ll(lillles.l l'::’l]szand specialities were ed up 12 points. Tradis fairly heavy in vollfmch e Call money opened at 414 per cent, the lowest renewal rate since March, 1928, with loans in the outside market available at 31, per cent. The decline of 858:5.000,000 in Federal Reserve brokers’ loans last week, bringing the total down to $3,587,000,000, is believed fo have placed the market in the mast thoroughly deflated condition since the loan figures were first tabulated in 1926, There was nothing in the day's news to account for the selling in" today's market, but in view of the approaching two-day holiday and the fact that prices had been rallying for three d: a nominal set back in the trading fave orites was regarded as natural, Profes- sional traders are now centering their activities in making quick turns in the market rather than in accumulating large blocks of stock for investment. Brokers, however, report a steady in- vestment demand for seasoned divie dend-paying issues, particularly in those industries which are likely to be least affected by any recession in business. Otis Elevator ran up 12 points, Peoples Gas, 1012; Jersey Central, 10; J. I Case, 915; United States Industrial Alcohol, 7Y Stone & Webster, 6%, and Underwood Elliott Fisher, Wright Aeronautical, Delaware Hudson, Brooklyn Union Gas, Safeway Stores, American Machine & Foundry, Amer- ican Water Works and Missouri Pacific sold 4 to 6 points higher, although some of the gains were reduced by profi taking. On the other hand. General Electric fell 71; points, but rallied several points from the low, and Anaconda, Air Re- duction and United States Freight fell 4 to 5 points before they met effective :u:;purta United Stldhea“ Steel common vas under pressure during the greater part of the session, but fluctuated within a range of a few points. Amer- ican Telephone, Bethlehem Steel, Johns-Manville, Atchison and Union m also encountered rather heavy e i NEW YORK, November 22 (#).—Bar silver, 4975; Mexican dollars, 37. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 63rd Issue of Stock Nov. 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