Evening Star Newspaper, November 19, 1930, Page 13

ALSON RETANED AS EXCHANGE HEAD Liberty National Bafik Presi- | & 86% dent Is Named for Third ‘Term. BY EDWAED C. STONE. Cieorge O. Walson, president of the LibertyNational Bank, was re-elected for a third term at the annual m | Exchange dmwnflhfinm h'-hlluouu(o W= ing the regular session. Edward L. Hill- yer, vice president of the Union 'l'null Co., "‘u again elected vice president of the ex- change, this being his third year in this office. ©. J. Gockeler, vice president of the District Na tional Bank, who has served the ex- change for many years as secretary, St the same capacity during the coming James M. Johnston, member of & focal investment banking firm of the same name, was re-elected treasurer. The terms of two members of the Board of Governors expired, and Ed- ward L. Hillyer and James M. Johnston were elected to fill these vacancies. The attendance at the meeting was unusually large. President’s Annual Report. George 0. Walson. annual report, € med up the activities of the Exchange the year as follows: Wi the E-ent year has fallen considerably below the record of 1929 in of trading, & summary of the activities of the Exchange up to No- vember 14, 1930, shows quite a satis- factory , when the favorable %, financial conditions existing practically 1929 are considered. The Y"" ent year has shown no substantial w; i very prices since January 1, S unced evide ghens oM m%%;ggg%g i five years, performed his duties in usual able manner. The secretary makes no extended report at the annual meeting. _ Today's Trading on Exchrage. before the annual meeting. There was & turnover of 80 shares of Capital Traction at 50; Potomac Electric Power preferred came out at 107 % department 10 ten- igh Hotel stock sold 4 20 shares of Chapin-Sachs t preferred moved at 105. { ashington Gas, Railway & Electric | and Capital Traction 5s were in good | demand in the bond division at recent price levels. Finanelal District Notes. The directors of the Mergenthaler Linotype Co. yesterday declared the quarterly dividend of §1.50 per share, yable December 31, to stockholders of | December 3. 3 Net profits of Peoples’ Drug Stores, ' In¢., for the nine months ended Sep- | tember 30 were $386,589, after charges ,®and Federal taxes. For the September ‘quarter profits were $155.111 Viee President Edward J. McQuade | #of the Liberty National Bank is in New | York to attend the annual meeting of | the stockholders of the Mergenthaler | Co. Mr. McQuade has been a lor_several years. H. Thomson of the Washington Trust Co. and Robert L. Flather the American Security & Trust Co. luncheon terday of the Association of | . ‘The Baltimore association to invite the national convention meet in that eity in 1932 Ohio Raliroad re- the Southern divide: yscinnati, New Orleans & Texas Railroad s 2 - BANK CLEARINGS. NEW _YORK, November 19 (Special). York bank $893,- ; o1 583,000,000 N alaiite Soday. $132,000,000; m’l’.fl" . New York e credits today, 000; & year ago, $155,000,000. POTATO MARKET. R CHICAGO, November 19 (#) (United 4 Department of ).~ 65; 1 : Ir 0001 76: Wor3; Lioa) 0, 35 Colorado McClures, STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. " Abitib! Pow & Paper Abitibi P& P pf Adams Bx Am Br Bhoe (2.40).. AmBrSh&Fpf (7) 10s Am Brown Bov Eles. 2 Am Brown B E pf (7)150s Am Can (15) 120 2 4 Am Chicle (13) Am Colortype i Am Com Aiconol. .. Am European Secur. Am Internatl (3) Am La Fr & Foa Am Locomotive (4). Am Ma & Fy (11.| AmMach & Metal Am Metals&Min (1) Am Nat Gas pf (1) Am Power & Lt (r1). Am Rad&Std San(1) Am Republics. . .... Am Roll Ml (n2)... Am Safetly Razor (§) Am Ship & Com..... Am Sm & Ref (4) Am Snuff (13%) Am Solv & Chem Am Solv & Chem pf.. Am Steel Fdy (3).... Am Steel Fdy of (1), Am Stores (123%).... Am Sugar Ref (5)... Am Sugar Ref pf(7). Am Sumatra Tob.., . o Am Tel & Tel . Am Tobaceo (5)..... Am Tobacco B (5)... Am Type Fdry (8) Am Water Wka (nl), Am Writ Paper ctfs. Am Zinc Lead & Sm. Anaconda Cop (2%). Anchor Cap (2.40)... Andes Copper (1) . Archer-Dan-M (2). . Armour of Del pf (1) Armour of 111 (A)... Armour of I} (B). Armour of 1l pt (7), Arnold Constable. .. Asso App! Ind (4)... Asso Dry G (2% Asso D G 1st pf (6).. f (1) T - L T e oy Atlag Stores (n}). Auburn Auto (J4). Auto Strap Saf R(3) Aviation Corp of Del 7 Baldwin Loco (1%). 12 Baldwin Loco pf (7).8380s Balio & Ohlo (T).... 7 Balto & Onlo pf (4).. 1 Bamberger pf (6% ). 20» Barker Bros pf (§%) 10s Barnsdall A (3)..... 7 Bayuk Cig 19t pf (7). 50s Beatrice Cream (4). 1 Beech-Nut Pkg (3).. 8 Bendix Aviation (1). 46 Best&Co(2).. ... 20 Bethlehem Steel «6). 120 Bethlehem Stpf (7). 2 Blaw-Knox (1%). 3 Bloomingdale Bros.. 10s Blu'thal & Co pf (7). 50s Bohn Alum&Br(1%) 21 Bklyn &Qu Tr pf(5). Bklyn Union Gas (§) Bruns Ter & Ry Bucyrus (1).... Bucyrus ev pf (3%). Bucvrus pf (7) B Budd (B G) Mfg. Budd Wheel (1) Bullard Co.. e 15 iBulova Watch (3)... 10 Burr Add Mach (1).. 21 Bush Terminal (23%) Bush Term deb (7).. 40s Butte Cop & Z (60e). 1 Butte Superior. 1 Byers (A M).... Calif Packing (4).... Calumet & Hecla. ... Campbell Wyant (3) Canada Dry G A (6). Can Pac new (3%) 15 Capital Admin (A).. 2 Capital Adm A DL (3) 2 Car Clin & O sta (5). ;:- Sy e e 85 Caterpillar Trac(t4) Celanese Corp. ... 1 Celotex Co. ... Celotex voting etfs. . Cent Aguirre As 1%. Century Rib Mills. .. Cerro de Pasco (4) Checker Cab 14.30) Ches & Ohio (2% )... Chesapeake Corp (3) Chic & Alton pf..... Chic Great Western. Chicago Great Wn pf Chie M! P& Chic M) Chic Paeu Tool. .. Ch! Pneu T pf (3%).. Chic R1& Pae (7)... Chic R 1 & P pf (8) Chiids Co (2. Rmenmaateon City lce & F (k3.6 City Invest (10). . Comm {nv Tr pt (7). boe) 4 Col Gas & Bl (2) ... Co! Gas & El pf A «8) Cotum Grapb (a% ) Columbian Carb ¢ Comm Credit «2).... Comm Credit A ¢3) Com In Tr +g1.60) Com In T ov pf « Comm Solvents ¢ Comwlith & So (80c). Comwlith & 80 pf 6) Congoleum-Naira. .. Congress Cigars 14) Consel Cixars (8) . Conwel Film (2)..... Consol Gas N ¥ (4). Cona Gan N ¥ ot (5). Consol Textlie. . Coniainer A (1.20) vontl Baking A. -~ s BeS-Sonan~ wZaZBuan - . g 5 PR 1 JSTEN- T 3 1T PR Coty Ine. .. Crof Wheat (12% Crosley Radio.. ..,. Crown Cork (! ). Crown Zellerb ch «1) Crucibie Steel (k§). . Crucible Steel of (7). Cuha Cane Prod ... - 85 36 35 102% 1024 102% 118 107% 112 115% 114% 114% 84 83 3 Detroit Bdison (8). Devoe & Ray (1.20 Drug Corporat (4).. Duplan Stk (1).. Du Pont de N (14 70) Durham Hoslery pf. East Roll Mill (ht2) Eastman K Eaton Axle Endicott-John ( Eng Pub 8v pf (5 Evans Auto Loading Fairbanks Co pf. Follansbe Bros (1 Foster Wheeler (3 Fourth Natl Invest. Fox Film (A) (4 Freeport Tex (1 Gabriel Co (A). Gamewell Co (6). Gardner Motor. Gen Am In’ ien Am T speo Gen Food Corp (3).. Gen Gas&E! A(e30c) Gen G & El cv pf (§). Gen Mills (3). Gen Mills pf ( Gen Motors (1 Gen Motors pf Gen Outdoor Ad Gen Pub Serv (b Gen Ry, Signal ( Gen Ry Signal pf Gen Realty & Util Gen Refract (14% Gen Theatre Equip. gmnu Saf Raz (4). Gr North of (5) e Great Nor Ore(12%). 19 Great Western Sugar Gr West Sug of (7). 40s Greene Cananea Cop. 10s Grigsby Grunow.... 13 Gulf Mobile & North. 4 55% Gulf Mob& Npf (). 6 Hahn Dept Stores... 18 Hahn Dept S pf (§%) 1 Hall (WF) Pr Co (3) 2 Hanna 'fé:") (1) 208 e ™ EI - Hupp Motors. {llmots Central (1).. ilinois Cen 18 In (4) Independ O & G (2) 2 Indian Motor Cyel Ind MotorCycle pf 208 indian Refinin » Ins ctfs (Md) (80c) Interboro Rap Tran. Interbor Rap T Intercont Rubb: iat Harvester ( . Int Harvester pf (7). Intl Hydro El1 A (e3) 1 Intl Match pf (4).... § Intl Mer Mart: 2). 2 Int] Nick of Can (1). 136 Intl Paper & PwrA. 3 Intl Pap & P pf (1) 3 Intl Printg Ink (2%) 2 Int Print Ink of (8). 20s Apt pt Stre (2)., 4 Iovestors Equity (2) 4 Jewel Tea (15)...... Johns-Manville (3). Jones&Laugh pf (7).140s » City Sou (5) Kennecott Copper(2) Kimberly-Clark (13) Kolster Radio. . Kreug & Toll (1.60). Krog Gr & Bak (n1). Lehigh Port Cmt (1) Leh Port Cem,pt (7). Lehigh Valley Coal.. Lehigh val (t43%4). Lehman Corp (3). 2 Bromannaan-Srne Liggett & Myer (15). Lig & Myers B (15) = (R PRS- Lorillard (P) Co. ... Lorillard (P) of (7) Loulsiana Ol ...... LouG & E (A) (1%) Louis & Nash (7)... Ludlum Steel....... Mac And & F (12.35) MacA & Forb pf (8). ry (B) (3). e - Bromvens SIS Rl i Prov. 8% 364% 181 19 210% | 3 < tion 211" Standard Industrials Main- when, the ISTOCK LIST FIRM ! = 0N LIGHT TURNOVER T 1408 Motors, Accessories and tain Steady Trend. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 19.—Seldom has the stock market testified more eloquently to & change in Wall Street sentiment than it did today in its 14 | ignoring of the unfavorable news and its response to the favorable. Stocks were only moderately higher and there were exceptions to the trend, notably in the coppers, but the general list exhibited a surprising degree of strength in the face of all outside developments. The most disturbing situation that confronted traders at the opening to- day was the crisis in the wheat mar- kets of the world. The collapse at Winnipeg and the forced support of priccs _at Chicago produced dismal forebodings for the day in stocks. Then, in addition, a half hour after business had resumed the failure of a stock ex- change house was announced. Finally there was still nsrrehenmnl over coun- trymblnkin('o:n Mo::. fghtly high e market opened sli er, reacted a little when the suspension was announced and then hardened, with motor stocks, motor accessories, standard industrials and various spe- cialties moving ahead. Steel Trade Reviews. Reviews of the iron and steel trade outlook were more optimistiz than in a long time. The Iron Age spoke of “prospects of heavier railroad buying, a slight gain in demand from the auto- motive industry, further moves toward stabillzation of steel prices and indi- cations that the scrap market may finally be scraping bottom” as reasons for encouragement. United States Steel made a new high on the movement, al- though only fractionally above the pre- ceding close. American Can and West- inghouse Electric gained and ull the motor stocks were actively bought. ‘The situation in the motor industry was said to be mixed, but dealers were reducing inventories and there was some indication that consumer demand was gaining on production. During the forenoon General Motors moved up a point. Chrysler made a similar gain and Nash had a little larger advance. Hudson, Studebaker and Hupp were all more or less higher. Opening Ts Trregular. After an irregular opening the mar- ket came under the influence of an- other suspension of a Stock Exchange house for insolvency and turned weak. The firm suspended was Bauer, Pogue, Pond & Vivian, a house fairly prom- inent in New York, but having few branches outside the city. For the moment United States Steel yielded market leadership to J. I. Case, which declined actively to 107%, off § points. Air Reduction, Radio and In- ternational Harvester Were other weak spots in the industrials. Money rates were unchanged at 3 per cent. In the first half hour shares traded amounted to only 276,400, against 342,400 in the same period Tuesday. With trading in such low volume the weakness did not have a wide extent except in a few cases. In the rails Lackawanna was off over 2 points to & _new 1930 bottom. Anaconds was off fractionally and other mine shares held close to Tuesday's last prices. In| the motor group Auburn was off near! were slightly little changed. point higher at 140. Otls were dull. U. 8 TkEASU.RY BALANCE. The United States Treasury balance announced today as of close of business November 17 was $94,270,031.98. Cus- toms receipts for the month to date were $20,602,375.49. Total ordinary ex- End]film, $10,865,764.13. Security Salesmen— We have openings for two experienced Security, Salesmen. Local Invest- ment Banking firm with strong New York connec- tions, participating in Na- tional Security offerings. Our men advised of this advertisement. If interest. ed, write Box 49-C, Star Office, giving experience; replies held strictly con- fidential. Enjoy a Safe and Steady Income Guaranty First Mortgage Notes and Bonds are recom- mended to investors because of their safety and steady yleld. They are secured by first mortgages on homes and essential business prop- erties universally regarded as among the highest type of mortgage collateral, and are further protected by our $3,800,000 resources. First Mortgage Loans Capital Resources, $3,800,000 24 JACKSON PLACE UP TO 300 On Our Liberal 20-Monthly-Repayment Plan No Endorsers Required A Strictly Dignified and Confidential Service Maryland Personal Bankers mlmniummfl. Public Small Loan Co. lm's. est ey of Bethesda Personal Bankers 6982 Wisconsin Ave. WICKWIRE SPENCER C0. NEW Y( vember )~ R IOR: S 1t (T receipt of deposits of mortgage and per cent, and of the B m per cent. expect the time limit for deposits to be extended. The organiza- plan will be declared operative committee decides sufficient ts have been received. Mocncan Teione mo Teweswen Conpuny 165th Dividend Tue tt!ullr quarterly dividend of Two Dollars and Twenty-Five Cents ($2.25) per share will be K:id on January 15, 1931, to stock- lders of record at the close of busi- ness on December 20, 1930, H. BLAIR-SMITH, Treasurer. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD lesired. 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