Evening Star Newspaper, November 27, 1929, Page 14

FINANCIAL, BANKERS' SECTION ADOPTS BY-LAWS Branch of D. C. Body Acts on Amendments Pending for Some Time. High BY EDWARD C, STONE. At an important meeting of the fiduciary section of the District Bank- ers’ Association, held yesterday after- noon at headquarters, the amended by- laws, which have been under consid- eration for some time, were adopted. David N. Houston, trust officer of the American Security & Trust Co., who 13 the section’s chairman, presided. Sec- tion committees for the coming year were named and marked interest shown ‘The safe deposit section of the bank- ers’ aseociation also met yesterd: Charles E. Howe, treasurer of the Ame: ican Security & Trust Co., presiding as chairman. Committee chairmen for the coming year were appointed. Arthur P. Miller, Liberty National, was made chairman of the committee on stand- ardization of safe deposit practices; Farle M. Amick of Riggs will be chair- man of the standardized safe deposit forms committee, and James M. Woltz of the National Metropolitan, will serve as chairman of the educational and publicity committee. Trading Active on Exchange. 1In the last Washington Exchange ses- sion for the present week trading was active. Potomac Electric Power 6 per cent preferred sold at 109 and 50 shares of the 51 per cent issue changed hands at 10415, Merl!nthll" Linotype sold at 1037 for 40 shares and a sale of 3 shares was recorded at 104'i, & new high on the esent. move. Small lots in Peoples’ Dnll Stores preferred was registered at ' !‘ofl\' shares of National Mortgage & Investment prefered came out at 23, and 500 more at 3%. A 40-share sale of 1;”‘ :.m.m Mo;m?“& Guar- ferred was made a ll\'l;nll;: Trust Co. stock sold at 275 and 50 shares of Merchants' Bank & Trust Co. at 1301, Several other stocks appeared on the board and bonds were r"m quiet demand. Optimism Over Holiday Trade. telegraph from the vari- ml’u mn? Reserve districts indicate spotty conditions with trade in many sections of the eountry entirely nor- mt Low temperatures in the North- west have interfered with building profi":ma. Business is active in the Southern and Bou!h'!surn lectlom of the country and on the Pacific Coast, these reports indicate. Trade in Phila- delphia and St. Louis has not been particularly affected by the market de- rune Chicago. reports considerable actlyity in mzdium and low priced merchandise. From all centers “he re- ports indicate high bank clearings; elaborate plans for construction when the weather permits and considerable optimism for robust retail trade dur- ing the holiday.season. Decrease in Loans Reported. The Federal Reserve Board's condi- tion statement of weekly reporting member banks -in leading cities on November 20 shows decreases for the week of $204,000,000 in loans and in- vestments, $346,000,000 in net demand deposits, $33,000,000 in time deposits, $19,000,000 in Government deposits and $91,000,000 in borrowings from Federal Reserve Banks. Loans on securities declined 337!- WM at all reporting banks, $330, R == $20, in 3 uuflm in the Cleveland district and $8,000,000 in the San Francisco district. “All othe knnsn mlr;er;:ukfl‘ :gg - 000.¢ at nj m% in the New ‘York district and $6,000,000 in the Boston district, and declined $8,000,000 in the Chicago dis- trict and $7,000,000 in the Minneapolis district. H Bankers’ Sulletin Out Today. The Monthly Bulletin of the District Bapkers' Association appeare: today, being edited by Aubrey O. Dooley, -American National; Edward J. McQuade, Liberty National, and L. Roberts, Riggs National Despite the reverses that have come to, those who were recently enmeshed in a declining stock market, the Bul- Jetin sees abundant evidence of pros- perity and material blessings for which there should be manifestations at this ‘Thhnksgiving season, especially in ‘Washington, which has been free from | misfortunes that have visitéed banks in some other sections of the country. The Bulletin prints resolutions in memory of Charles J. Bell, and notes the death of “Villlam A. Benuett, a vice g.mldent of the Bank of Commerce & | vlnfl‘ and of Joseph H. Curran, director in the Lincoln National Bank. Attention is also called to the opening of ths 1930 Christmas Savings Clubs riext Saturday. Net railway operating income of the ‘Baltimore & Ohio for the first 10 months of the year was reported this noon. It totals $3,514,963, compared with $40,575,779 in the same period a year ago, or a gain of $2,939,184. Net operating income in October showed a small decline. Net revenues amounted to $5,256,490, against $6- 223,193, a drop of $976,703. There was a "lfl for the month of over $200,000 in freight revenues, but passenger reve- nues fell off over $161,000. For the first 10 months of the pres- ent year, the B. & O. is $11.308.418 nhllnflfl::\nd!rd[ht uvenue?nnnd "M:‘fi!- 000 on ro.ssennr come. Main- tenance of equipment has required $3.- 639,000 more than it did a year ago. and maintenance of way and structures has taken over $2 000,000 more than was necessary in the corresponding period a year ago. Tax accruals have also been higher. Gleamed in Financial District. President Wade H. Cooper of the United States Savings Bank and the Continental Trust Co. has been elected 10 the board of directors of the Real Estate Mortgage & Guaranty Corpora- tion. This is a local concern, the stdck being listed on the Washington Ex- change. Mr. Cooper, who is one of the best knowm bankers in the city, started his career as a lawyer. He is a director in several important corporations. he. _committee in charge of the Credit Bureau of the District Bankers' Assaciation will meet this afternoon at 4 o'clock at headquarters. Hilleary G. Hoskinson, one of the vice presidents of the Riggs National Bank, is chairman of this committee. The association's council of administration will meet Friday afternoon at the same hour. The auditors’ section postponed its November meeting, as it would come Thanksgiving night. The next gather- ing of this section will be addressed by Wayne Kendrick. . ‘The members of the Bank Women's Club held an interesting meeting last Monday. Interest in the club is at a high pitch. At one recent meeting there were 42 "members present. Robert C Jones of G. M. P. Murphy ‘& Co. has returned from a business trip to New York. Deposit Period Extended. NEW YORK, November 27 (#).—The committee for the first mortgage 50- year 5 per cent gold bonds of the Iowa Central Railway has notified holders of certificates of deposit that the deposit agreement dated December 11, 1924, Thas been amended so as to extend from 5 to 8 years the period within which the holders of the ‘certificates of de- posit_shall be entitled to the return of 30% 42% 238 T3% 57 248 1841% 142 10614 65 % 108% 103 10 85% (33 119% 279% 3274 310% 232% 235, 121% 181 199 104 27% 58% 164 4 494 11% 140 89% 80 9% 68% 2 18% 10% 86% 145 15% 634 4315 3% 81% 2% 124 2UBK 1% 56% 9674 8% 95 12% 192 4T R4 4 136% 61% 49% 98% 265% 191% 48% 654 39% 467 122% 424 9% 48% 59% 120 32 80% 279% 922 19% 256% 23% 63% a4 68% 108% 145 47% 143% 103% 50 5% the bonds, coupons and' certificates of ¢=posit, deposited under tHe agreement, the receipt of new-securities on re- orzenization or readiustment. 200 3% ~Prev 1920~ 88% 69 lsnh 5914 Abraham S Low. Dividend Rate. ADbitibi P & P pf(8). 23 Alpha Port 17% Amerada Cor; 4 Am Agricul Chem. 18 Am Agricul Ch pf. Am Bank Note(fts). 40% Am Brake Snoe 3.40. 414 Am Brown Rov Blee. 86 Amer Can (15). 133% Am Can pf (7). 75 Am Car & FAv (8), Am Chicle (12%) 20 Am Com Ale (k 18% Am Encaust Til (2) Am & For Power .. 101 Am&Forn Pwr pf(7) 8614 Am&For Po 24 pf(7) 3% Am Hide & Leather. 40 Am Home Prod 4.20. 29 . American Ice (3)... 291 Am Internat (32).. 214" Am La F & Foamit 90 Am Locomotive (3). 111% Am Loco of (7) . 142 Am Machine Co (fn an 641 Am Pow & Lt (11)... 92% Am Pow & Lt pf (§). 72% Am P&L of A st (5). 28 Am RakStd San1%. 60 Am Roll MiN (e2). 44 Am Safety Ras (t| 2115 Am Sy 62 AmSm &R 123% Am Sm & Ref of (7). 38 Am Snuff (3).. 35% Am Steel Fdy (2) 40 Ain Btores (133 18 Am Sumatra (3). 17 ° Am Tel & Ca (5) 1931 Am Tel & Tel (9 160 Am Tobacco (110). .. 160. Am.Tobacco B (110) 114% Am Tobaceo pf (8).. 115 . Am Type Fary (8). 50 Am Water Wks (e1), Am Water W 1st(6). 28 Am Writ Papr of (3) 7 Am Zinc LA&Sm 49% Am Zine ot (6). 70 Anaconda Copr 60 Anaconda W&C (3) 25 Anchor c-p 18% Archer-Da 30 Andes Copper (3) 75 Armour De! pf (7). 5% Armour T (A). 2% Armour 11 (B! Cred Auto-Strop Ras )« 5% Aviation Corp. Del.. Baldwin Loco (mew) 714 ‘Baltimore & Ohlo (1) Balto & Ohio of (4).. Bang & Aroos (334).. Barnsdall (13%). Beacon Ofl.. Belg Nat Rys pf 5. i Bendix Aviation (2) Best & Company . 26 Borg Warner 85 Boston & Maine 5 Botany Con M (A).. 814 Briggs Mfg........ 20 lfllkl&Slr‘lll.nu). 14 Brockway MT (3).. 40 Bkivn-Manhat (4) 76% Bklyn-Man Tr pf (6) 7 Brooklyn & Queens. . 99 Bklyn Union Gas 5) 36 Brown ShoeCo (3).. 16% Bruns-Balk-Col(3) Budd (E G} (1%) Bullard Co (12) .. Burns Bros A (8) 22% Rurns Bros B.. 29 Burroughs AM(11.80 31% Bush Term (22).... 2 Butte Cop & Z (50¢). 5 Butte & Superior (2) 50 Byers (AM)........ 20 Bv-Prod Coke (1) 63%4 Callf Packihg (4) 1 Caliahan Zinc & L... 73% Calumet & Aris (10). 25 Calumet & Hec (4%) 20 Campbell Wyant (2). 45 Canada Dry G A (5). 189% Canadian Pae (10). 170 Can Pac 3d pd ctfs.. 30 Cannon Mills 1280). 17 Capital Adm (A 29 130 113 87 Cavanagh-Dobbs. 31 Celotex (3 21 Cent Agul! 27% Cent Alloy Steel (3). 521 Cerro de Pssco (6).. 11% Certas 18 Checker Cab Mfg Ce. 160 Ches & Ohlo (10).... 42% Chesapeake Corp (3) 4 Chi& Alton.. 3% Chi & Alton pf. 7 ChiGreat Western. 17% ChiGreat Westn pf. 16 Chi Mil St P&Pao. 281 Chi M)l St P&Pae of. 75 Chicago & N W (§).. 134 Chi& N W of (7) 101 94% Chi R 1 & Pacpf ). 27% Chick: .ICO;I . 7% City Stores (1) 25 Clark Equipme 35% Cluett Peabody () Coea- (‘oh . % « 99% Col Gas & El of A 6). 16t Columb Graph(87¢). Carb(16). 18 Com Credit 13). 28 Comm Credit A (3).. 2844 Coml Inv Tr (£1.60). 20% Comm Solvents (1).. 10 Comm&So(b5%atk). 35 Conde Nast Pub ¢2). 11 Congoleum-Nairn... 43 Cong Cizars (16%).. 40 Consol Cigar 1) 10 Consol Film 2). 15% Consol Film of ¢3).. 80% Consol Gas. NY (4). 9215 Consol Gas nf (8)... 1 Consol Texrlle 12 Containe 34 Container Corp B 25% Cont) Baking A 4% Cont) Baking Contl Baking of (8 3% Contl Bank (120) 40'% Contl Can (3% 20% Cont Diamond (2) 46' Contl Insurance (3). 64 Contl Motors (30¢).. 18 Contl Ol of Del. 70 Corn Prod Refin (t4) 20% Coty lne (£3) ... 24 Cream of Wheat (2). 17 Crossley Radio (31). 37% ,Crown Cork & Seal.. 71 Crucible Steel 1§ % Cuba Cane Sugar. 5 Cuba Co. o 7 Cubsn-Amer lll'l 3 36 Cudahv Packing +4). 100 Curtis Publish (7). 112% Curtis Publish of(7) 7% Cugtips Wright Corp it Wright Corp A Stock and Bales— Add 00 Fugh. 3 79% 4 60 3 27% 27 2% 2% 1 6 H% 90 23y 22 R 9T% 9T 'l 245% 242 464 44 4% 22 ll‘h 6% 47 " 100 lH\ 110% 1 140% 140 6 86% 86 394 27% 22 35 B4 1 1074 107 92 9 l 332 54 1 37T% 3% 33 39 38y T ) 10 111 27% 2% 6 23% 974 2‘1% " 113 140% 86 40% 27% 22% 25 86 38% 28'% 23t 36 17249 69 107w 2 % 58 7% 381 2% 108% ”n 5% 524 37% 3T% 3 108% 108% 1087 1 1164 1161 116% 115% 10 212 190 5424 40% 7 2% 20 84 A 100% 9915 82 81 10\ 34 20, 79 4 2 270 2 43% 43 9 49 48y 6 46 46 6 61 &0 2 108 102% 2314 24% 217'% 5 200% 197 20 201 196 1 118% 118 2 130 130 M 81 76% 325 % 6% 8% 10% 23% 234 37 34% 212 2u 2l 82 9914 82 103 24 24% 223 198y 200 118% 130 79% 10% 20 23% 35 193 40% 2% 80% 100 % 2414 24 219 200 197% 117% 133 T4 9% 8% 21% 6% 32 10% 5974 75 L 40 25 3% 80 6% 2 10% 17 28% 344 228% 219% 222% 220 104 104 179% 178 24 72 8% 150 4% 531y 37% T 6% 28% 26% 8% 150 47 150 P 53w B3l m 3 38 7 27 !‘2 38 i 28% 20 117% 116% 117% 116% 8% 64% 63 26% 16% 16% 64% 16% 8% 8% 784 25% 25% 26% 1674 8% 8% T8% 76% 31% 80w 30k 31 36 34 B4 34 89% 88 89% 88 1228 122% 122% 122% 40% 39% 40w 391 n g 3% 3K k43 3% 7 1 65 64% B4 644 32% 31% 3% 32 1101 100 &% B% 12% 11 24% 19% 19 100 5% 12% 19 100 5% 1% 24% 24% 24% 19% 59 B84 58% 58 #3% 83% 83% 831 8% 84 131 126 42 4% 28 21W 20% 19% 8% 131 41 23 19% 3 26% 26% 26% 26 9 92 2 25 9% 25 922 26 427 42% 42% 42 33 a7 4'». 4 37 4 6 9% l 69'/- nsu. 68% MW. 27 26% 27 26% 69% 684 69 69% 1% 1% 90 84w 1% £9% 1% B4% 33% 324 331 344 20 20 20 20% 63% 634 63% 65 201 198% 201 200% 191% 191% 191% 191% 30% 28% 27 34 34 28 34 28% 28% 31 20 4% 199% 190% 194% 190% 120 120 441 1»6'/. 1961 197% 9% 120 9 3% 25 a3 64 14 467 59% 5 6 10 20% 224 40% 88 121 9% 37 25% 334 61 13% 44% 9% 3 88% 139% nav. 139% 159 26 26 26 26 117% 117 101 100% 28 55% 55 33 31% 1% 10% 371 374 87 137 122% 122% 47 16% Bk 17 101 28% 55 33 1% 87% 37 1225 495 16% 32 118% 102% 28Y% b5% 321 10% 6% 121 4 17 a8, 67 69% 684 104% 102 251 26% 145 140 8 24 23 844 413, 331 39% 265% 13% " SamaumEaltamnraRonaax ® @ S 3 43% 104% 28l 144% 24 113 103 25% 142 2 324 39% 26% 13% 38 13% 52 1 112 114% 114% 114 ki 16 184 B8 90 18% 84 8l Dunhiil inter (24). . Dupant de N (15.20). Dupont d N deb (8).. Fastman Kedak(18). Eaten Axle & S (3) Eftingon-Seh (3% Sitingon pf (€3%) Elee Auto Lite Electrio Boat. E) Pwr & Lt (1), El vahbt'fl’).- Flee Stor Bat (5). " Erie R R 18t of (4).. Evans Auto L(33%). Fairbanks Co, Fid Phen P Ing (3).. Filenes (ctfs . Fisk Rubber, ..., Follansbee Bros (3). Foster Wheeler (2). Fox FMiim A (4). 23 Freeport-Texas (). 32 Gabriel Snub A, Gen‘l Food Corps Gen Gas&EI'A (1e2) Gen GRs&EI B (fe2). Gen Mills (1335). Gen Mills of (& Gen Motors (+ Gen Motaranf « Gen Motars deb (8). Gen Outd Adv A (4). Gen Outd Ad vte (2). 1§ on Publie Sorv/be) en Ry Sigmal (5} Gen Refrae (14%).. Glidden Co (h2).. Gobe) (Adolf). Gold Dust 23).. Goodrich R F (4). Goodyear Tire (5) Goodyear 1at of (7). Gotham SIIk H (2%) Graham-Pat. Graham-Paige e Granby Copper (8).. Grang Storas (e1)... Grand Union Grand Unios of (8).. Granite City §tl (4). Grant (W.'T) (e1) Grt North ot (6) Grt North of et (6] Grt Nor Ore (134 Grt West Sux (3.9 Griesby Grunew Gulf Mo & Nerth.... Gulf Mo & Nof (8).. Gulf Sta Steel (4) flann Dept Stores. Hahn. Dept 8 pf(434) Hartman B (1.30)... :-yn Bodv b2 %.stk N ma - Bl Sennmsnnt ~nRioanabreunRala nah Household Prd ('l). Houston Of1; . Howe Sound (+4% Hud&Man Ry (3.50). Hudsen Moter ¢5) Hupp Metor (f1).... lm- 18 Cantiral ¥7). . o - wa 3 Intl Cement 14), Int Combustien. Inti Cmb Eng of (1) Int) Harvester (334) Intl Harvef (7) Int Hvdre B A (. Intl Mateh pf 13.20). Int Mer Mari Tnt Nickel of Intl Nick Can of m. Intl Paper of (7). Intl Pap & P Ar2.40) Tnfl Pap & M ntl Ps Totl'Pap & Pwr I‘f”l Int] Printing Ink'(3) IntShoe (2%)...... Int] Siivar 148)..... Int Tel & Teleg i2).. 189 Inter Dept &t (AR Intertype (f+1%). ... Investors Kquity(3) Island Creek Coal(4) 1N PISTIOE PA-PAPRS 3 P = Johns-Mai Jardan Moter Car. Kan City Sow ¢8).... Kan City Sou pf. u). Kavaer Julius (4)... Keltb-Albee-O pf (7) Kelly-Spriag Tire. .. K Lee Rubber & Tire.. Leh Port Cem (3%). Lehigh Valley Coal. . Lenigh Valley (33). Lehn & Fink (8) Libbey.Owens (1) Liggetr & My (15). Ligzett & My B (45). Liggett & My of (7). Lima Locomotive. .. f.4g Carbonie (+434). Inc (12). McCrory Ba1)... McKes & Rb of(3%) McLellans S¢A)m20 Mack Trucke (8)- ... Miey (RH)&COreYS) Madison S0 G ¢1%). Maxma Copper 45).. Mn]llinson & Co. Manati Sugar pf. Mandel Brothers Man Elee Suppl: Man Blew mod (d Man Shirt «3) Market St R Mariin Rock Marman Motor Martin-Parry Mathieson A May Dept Sto: - [EPRPPPRENRS 172 -1 T T TUTE - PP IV PP Yy o Midland ltl brnlfl. Miller Rubber Minn Honeywll 'luA Mimn Moline Pwr . Minn Moline of 8% .. Minn &8¢ Louls. ... Mo Kan & Tezas. - S T T 8BV s 17 | in the last two weeks & one of the . 3% most challenging nd effective m Stoek and Dividend Rate. Mo Kan & Tex pf(7). Missouri Pacifie. . Missouri Pae pf (5).. Mohawk Carpet 12% Monsanto Ch (g1%). Montgomry Ward(8) Moon Motor (new) Mother Lode (400 Motor Meter G & Motor Products 19.. Mullins Mg Murraay Corp (k8) Myer(FE)& Bre (3! Nash Motors (8). Nat Biseuft (113%). Natl Biseuit pf (7).. Natl Cash Reg A (14) Nat Dairy (12).... Natl Dept Stores. Natl Distille Natl Lead (5) Natl Pwr & Lt (1), Norfolk&Watn (t12) . - T BoanwdandrTvrsumumns North Am Bd pf (8)., Narttiern Pae (5).... North Pac et (). Nor Ger Lloyd(3.41), Norwalk Tire & Rb.. Oliver Farm Equip. Olivr Fr Ep ev nt(3), Olivr Fr Ea pf A(S). Omnibus Corp. ¢ P T T e Pacific Gas & K (3) Pacific Lighting (3. Pacific Of] atubs., . Packard Mot (a Peerleas Motor Car. . Penick & Ford (25¢) Penney (JC).. Penn Dixie Cement.. Penn Dixie Cemt pf. Pennsyivania RR(4) Pet Milk (13%). Pnelps Dod; Phila & Read C Phillips Petrolm (2 Phoenix Hostery, . Plerce-Arrow 4. A{uv pf o). Ofl pf. Pierce Petroleum... Pillsbury Fl (13% Pirelli Co A (2 Pittsburgh Coal. Pittsbgh Screw 1 Pitts & W Va (8) Poor & Co (B) (2). Prairie O&G (12% Prairie Pipe L t434 Pressed Stee] Car. Proc & Gamble (2) ner Pub 8ve NJ « Pub Sve NJ of (5), Pub Sve NJ pf'(8). Pub Sve NJ pf (7). Pub Sve NJ pf . N wnnBoantBurmrnaamnarne . Purity Bakeries (4).. Radio C:rl Raybestos-Ms Rnl SiIk (5). = ruBsndenseinunaonRsl- Y Th B Rhine West (1.92) Richfield O11 (2). Rio Grande Ofl (k3). Ritter Dental (234).. Rosaia ins (230).... R Duteh . Safeway Store St Joseph Lea 8t L-San Frai St L-San Fran pf (8) Bt L thwestern =] P ava) Schulte Retafl Strs. . Seaboard Alr Live. .. Seaboard Air Line 'l Seagrave ll\.l.l Shell Unton ¢ Shubert Thea Stmms Pet (1.60). Sinelair Oil (2)... 8o Porto R Sug 13%. Southern Cal K4 (3). Southern Pacific (). Southern Rwy (8).,. Southern Ry pf(5) Spalding (AG) (1) Spang-Chalfant. .. Bales— Prev Add 00. High. Low. Clase. Close. 102 102% 101% 69 694 Stand I Std o1l Srewa! Sun Oi1 Tex Gu! Thatch The Fa Tide Wi T4 Timkn Und EI United Utd Co United Utd Fri Utd Paj United FINANC mnaanam u!fi) Stand G & Epf (4).. nv Corp (8). of Cal (h2%)) Stand O1I N J (1. Stand Plate Glass. .. Sterling See A). Sterling See pf(1.: 0) Sterling See cv pt(3) Warn(j33). Waebster. ... ker (15) (p1 Superior Ofl, Superior Steel utograch . Tenn Cop &Ch (1).. Texas Corp (3)..... 1f Sul (4) Texas P C & Ol (b8) ‘Texas Pac Land Tr. or MTg (40¢) . Ir (2.40). ater Asso. ... Tide Wat Asso pf(4) Tide Water O11(30¢). W r Ofl pf(5) Det Axle 1300 Timken'Roller (3). . Tobaceo Product Tobacco Prod ot Tobacco Products A. Top Prod ctfs A.. Transcuntinenta: Truax Traer (1.60).. 2% T llod Fishr (§) Union Bag & Paps Union Pacifie pt ( Utd Alrcraft&Tra Utd Alrcraft&T of Utd Biscuit (1.60) Utd Carbon (2). Utd Cigar Storas. .. Utd Cgar Stores ctfs Cigar Strs pf. Utd Corporation. ... rp of (3) Elec Coal. Uit (e6). Utd Gas & Imp (1). perboard Utd Plece Dye Stores A.. Utd Stores pf. qcacacccaaaacac u:n BununKnRS Virgini Warne White White Yale & Yelliow Young Zenitn Col. Ca Reynol ssFeSesies Dividen payments based » [ 3 21% 1725 of & share g Leather A (4).:. Leather pr pf(7) Pips & Fary (3). Pipe 1st pf ruo)) Smelt Rof (33). m.lt( Ref of 334 Virginia-Car Chem Wanash. . - Wabash pf A (5). Waldort Systm (1%) Walworth Co (2) Ward Baking B. . Ward Baking pf (7). Warner-Quinian43). Warren Bros (19). Warren Fdry & Pip Webster-Etsenlobr. Wass O1l & 2 Westngh EI&M (4).. Wéston El Inst (1) Weston El A (2). Wheeling & L E pf. White Sewing Mach. Wright Aero (2)... Wrigley Wm RIGHTS EXPIRB Allis-Chai, n.Dee. 31 Bang & Arcos Dec. 1 Bucyrus Erl Sales of Stocks on lfl !II Ezebange a n thy *Unit of trading jess ook, $Plus 33 in g 0 regular LAL: STOCKS IN UPTURN + AFTEREARLY DROP Market Hardens When Pre- Holiday Selling Appears to Have Stopped. By the-Associated Press. NEW YORK, November 27.—The stock market turned sharply upward after absorbing further liquidation at the apening today. The pre-holiday selling movemerit up- peared to have been Jargely completed and shorts quickly covered their.com- mitments.. Early losses of 1 to 3 points were largely canceled before midday and several popular shares sold up 2 te more. than 6 points. United S{l!!l Steel, selling ex-divi- dend, rose 21 Wmm as did Atehison ore than ints and stoc] selling up about 3 to r’ ints Incllld:; American Can, Johnx-Mlnvfl]e Wesi - inghouse Electric, Union Pacific and Noflolk & Western. Call money renewed unchanged at | 415 per cent. ll’mpfinl'&" oel:ln:h prenmnl"le made its nce a e opening. United States ' Steel, selling ex-dividend, opened a point higher, but Consolidated Gas, Western Unfon and Westinghouse Electri¢ each lost about 2 points. Amer- and United American Telephone lost 15 points. After the first wave of selling n:d spent itself, sharp recoveries took pl in some of the recent weak spots 2 “bear” traders covered their comimit- ments in anticipation of the four-day holiday beginning tomorrow. Offefings dried up on the flecllne and this led !6 fresh buying operstions on the part of m':lo-‘emoml traders. eisco all declined a point or #o"in th'fl ly dg:l‘lnm. f 2 to ) 7] es o nearly 4 gotnh took place “in’ Warren Bros. States Industrial Alcbhal. ‘American Tobacco B, United Aireraft, Pan-Amer- ican B, Air Reduction, Safeway Stores 1!". 16% ll'fi BE8-nBoan » =& FRownsI-ae N a-Car 6% b Few—N e 2. r Bros Pie (4) I IoToL Y SR~ 185 19% 19% 180 46% 130 Eagle Ol «3). Motors (2) =a B auc an~aSnanSonance Towne (15) ‘Truck & C. Spring (8) Radio (2). 15 Dee 30 rbon, . Mar, 11 s Tob.jan 24 " im..Dec 31 l‘7 1% 366,300 el ® ) ‘ nl‘ n'-‘ o.l BUSINESS AID SEEN . INHOOVER ACTION Stabilize Conditions Haited as Master Move. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, November 27.—Evers the | most. skeptical admit that in the field of business. Herbert Hoover is a master workman. Those who have seen the difficulties which . have attended his an entirely different type of leadership when he puts his hand to the business wheel. He's “at home” there. It is the President's belief that the stock r:arket boom and subsequent col- | lapse should have no permanent effect on_the economic and. business system of the country as a whole; the business | was and is sound; lhlt credit, since the stock market drop, has become increas- ingly easy, and thn the whole world now can go ahead with the plans which had been held up because of the cgn- eaunuun of :ndn in’ Wall Street's gambling Wel!z‘y lfltcht“. lut.hflty on business ucity of con- u-uu is whn hflnll on :dnq - sions. If confidence can ke maint m s polnt ‘where nd eon-. struction contracts the mm period, the past, no depression of an dnrnlm -mmm folow. . y The President’s prompt organization of the forces of industry and business President’s Prompt Effort to ‘| houses throug leadership in the political fleld vision |- strations of unified business leadership ever shown to the 'orld. | Secretary Mellon, Ogden L. Mills and | ‘other Treasury experts are working: this week on plans to take care of the Government's maturities which fall due December 15. They amount to more than $704,000,000, It is expected that in the next 10 days the plans will be announced and the rate of interest decided upon. The easing off of money rates will help the ‘Treasury effect a considerable saving in interest. The rate, fixed by the Gov- ernment, is watched carefully by bond out the country, for it is | used. largely as a yardstick to deter- mine their current bond prices. Many of the Government issues re- cently have been the most active in | the bond ‘fleld. Some have reached new highs for the year. New York banks have been partic- ularly aétive in buying Government bonds and certificates since the drop in stocks left them with loads of money on hand, and little demand. J. H. Thomas, British minister of employment, raises the question re- garding women in industry who work Tor pin money. He not only raises th> questior, but he eondemns the practice in England as uneconomic, unfair and “against the nation's interest,”" for it aepnvs needy people of legitimat work. “No legislation can cure it. It's al question of moral responsibility. The | number of women engaged in industry doing work that men did prior to the, war is very substantial—women that needn’t to be. so employed,” says this British minister. Mr. Thomas’ job is the hardest one in the British cabinet.. Formerly a fire- mn and . engineer on a railroad, he ed the railroad labor union euly Il'ld ben-\e ummuly the most ful labor leader in the lrmlh He's an old hand at politics, hfl' ing been a member of Parliament for two decades. In addition to his work as niinister of employment, he Is also the lord privy seal. uked ue‘ In Ottawa, a few months a| him about. this u-mmmm P \lnl at his pipe, feet on the top of his | desk, he replied: “Socially, the holder of the lord privy | seal is above the prime minister, bu that means nothing to me. Too wany | people are out of work in Great Britajn to allow me to give my time over to social functions. I never was very strong at that line anyway.” But those who know Mr. Thomas say he is one of the most brilliant and entertaining dinner companions In Brit- ish political lite today. ‘The ~ Northwest . Ban thn l holding company of 82 banks an companies in the Northwest, -um-‘tos its 1929 calendar year ell'lll_ at the rate of $4.40 a share on its total shares outstanding. It E{x $1.30 - mr- an- nually, sa sources of slightly over $442,000,000, of waich $86,884,000 due _from oanks, or on deposit, with Federal Re- serve, and $111,287,000 in Government bonds or other marketable securities. representing liquid _assets. equal to 60 | per_cent of the total deposit liabilities.: | “In over 40 years of banking lmrlu ence I have never seen & time when conditions were more basically numl ln the Northwest than they are says E. W. Decker, p“reegld-m of th erthwest Bancorporation. (Copyrieht. 1928 by Nocth Americn News- S o PENNSY STOCK ALLOTm. | m-m..u)n.rnu Novunber 2 The direc¢tots of the Pennsylvania Rail- Tosd wdwmhdnlniweeutm m nflu givés stocklolders rhhh “o s . house lumbian and Westi l!emz quickly recovered w , General . Blectric 4 wlnh before the.end of r.hoqxnt hour and ‘American Can, Internaf CHICAGO, Novmnr 217.- »m enu- ment orders o nllma ve stimulat- r m- and yellow that. p-;:u'll‘! ‘Wages a 08t ' no enmnn the Dtortnm districts f the Midwest, 4 ? : Steel. sioed wresm 2 i ot I'fl'l'l & ton low SeC - qulrht et, with black sheets quotm at 275 cents, galvanized st 3.58. hn and plates at 7.90 and blue an- | nealed sheets trom 2.20 to 2.35, depend- M JACKSONVILLE.—Now that the em- bargo .on Florlda fruit shipments has Florida growers are mak- ing strong efforts to recover advantages which passed to Porto Rico and Cuban growers during the restricted Bhlnnenu are huv,. oL Auto Accessories. CLEVELAND.—Thompson Produots, Ine., has just been oueud to ship -the | first- consignment of steering gear - paratus for the new Ford cars. The In- ternational Harvester C&G has ordered 500, ooo valves e 0o from ‘Thompson CHICAGO LIVE STOCK MARKET CHICAGO, November 27 (#) (United States Department of A‘l’@ul!ure) Ofl Receipts, 22,000 head; including 0,000 direct; market mostly 15 to 25 bulk, good to chaice, 9.10 to“:‘:S 150-180 . ic] sows, 8.00 tchers, medium to 250-3&-‘! poum l'IB to '30 c-‘m—neeelpn. 13,000 head. -Calvi receipts, 2,50 ‘fll\m'.l’ld'ml‘l yearlings and better lings; practically all grades of l(fll’l lcnll.n' 1,050 pounds downw.rd get. ting action; again very slow and weak on medium weights and weighty steers; ear top yearlings, 1525 slaughter classes, steers, 3‘%& 1'133"1‘:».“’9" S 2, B pounds, 12,00 ‘ts 15.50; D&o-ldlm pd‘:“ndS. 12.35 to 15.50; coramon and medium, 850 8.00 to 12.25; fed yelrllnnm “':i choice, 750-950 pounds, 13.00 to 15.75; heifers, good and ' choice, 850 pounds down, 12.50 to 15.00 med _Sheep-Receipts, 14,000 head: nrlet barely active and -steady; balk fat lanibs, 12.76 to 13.00; an to Olllllm 13.25; fat ewes, 5.35 H choice d(ee:tflr’\g m and chaice, 92. pounds : 13.35: medium, 11.00 to 12.50: com- mm 00 to 11.00: ewes, medium to choice, 150 mdf down, 050 '0 $.00; cull and common, 2.25 to 4.75: lambs, good and l:lmlé' 1178 to 1’ PARIS BOURSE PRICES. PARIS, November 37 .()—A heavy iled. the Bourse. subscribe for about $72,000,000 in cont- mon stock at the par e of $50 per xhnre‘ in“the ratio of om new l.hm for each eight shares held. e A- national ballot 1§ inhehk!nln connection with the " Belfast, Ireland. shipyard dispte. francs 84% cen 3 X quoted at 25 francs 38 centimes. st . —~ Breaking out during a storm Waldshut, in the famous Black of Germany, a fire recently destroyed 25 houses in two hours. :fma ;u{e Hea melfinl um bas N