Evening Star Newspaper, January 14, 1932, Page 13

FINANCIAL NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. MORE D. C. BANKS SELECT OFFIGERS Building and Loan Staffs Also Named at Meetings for Organization. BY EDWARD C. STONE. Several more local banking institu- tions, as well as building and loan as- sociations have held their nrg:nizflllony meetings and elected officers for the | coming year. the dire meetings held Tuesday. tions reported National Metropolitan Bank. All officers of National Metropolitan Bank were re-elected yesterday. They rge W. White, president; O. H. Johnson, vice president; A. A. Foehling, vice president, trust officer and ger 1 counsel; C. F. Jacobsen, cashier; P. Hollingsworth, S. W. sistant trust officers; C. E. H. Bedford, C. L. Eskloff, R F. E. Hildebrand, assistant V. N. Cook, auditor. were elected at the annual Among elec- R s Washington Loan & Trust. Directors of Washington Loan & Trust Co. yestery cted all offi- cers as follow y G. Meem, presi- dent; John J on, chairman of the board; Arthur Peter, first vice presi- dent and general counsel; Charles H. Doing, vice president in charge of the West End office; Charles R. Grant, vice president and treasurer; William H. Baden, vice president and trust officer; Alfred H. Lawson, vice president and real estate officer; James M. Mason, George M. Fisher, Ralph Endicott, Nor- man E. Towson, George O. Schwein- haut, assistant treasurers; Herbert W. Primm, Edward L. Brady, assistant real estate officers; Leonard Marbury, Harry W. Gauss, Bernard L. Amiss, Charles M. Irelan, jr, assistant trust officers. Second National Bank. Directors of Second National Bank re-elected all its officers. They are: Samuel J. Prescott, chairman of the board; Victor B. Deyber, president; ‘Willlam M. Hannay, Jacob Scharf, vice presidents; Edward F. Colladay, trust officer and counsel; William B. Wolf, assistant trust officer; George M. Em- merich, secretary of the board; W. W. Marlow, cashier; J. K. Seyboth, Fred S. Beyer, Joseph R. Fitzpatrick, Gerald E. Keene, Steuart S. Ogilvie, assistant cashiers, National Capital Insurance Co. There was no change in the direc- torate of the National Capital Insur- ance Co. of the District of Columbia and the following were elected last| night for the ensuing fiscal year: Arthur G. Bishop, Edward S. Brashears, Charles A. Carry, James A. Donohoe, Clarence F. Danohoe, Lewis Flemer, Joseph A. Herbert, jr. Howard B. Kramer, Mor- Tis E. Marlow, Walter 'H. Marlow, Hubert Newsom, Mau: Otterback, George R. Repetti, y T. Steuart, John €. Yost. All officers were re- elected, They are: George R. Repetil, president; John C. Yost, first vice president; James A. Donohoe, second vice president; Walter H. Marlow, at- torney; William N. Payne, jr. secretary. Potomac Joint Stock Land Bank. All directors of Potomac Joint Stock Bapk of Washington were re- ted, they being Charles E. Hillard, ir Peter, Carroll Pierce, Joseph John B. Cochran, J. T. C. jr. Shirley Carter, F. C. , 'J. M. Hooker, Thomas P. , J. P. Saul, e sedy, Vernor Gowin, Real Estate Title. All Real Estate Title Insurance Co. ers and directors were reelected. are James J. Becker, president; Spencer Armstrong, Edgar M. 3 vice presidents; Charles E. h, secretary and treasurer; Edward S. McKnew, Harry J. Kane, jr., assist- ant secretaries; George W. Brown, Wil- liam J. Flather, George E. Fleming, Wil- liam D. Hoover, Harry L. Rust, Charles C. Glaver, jr, J. Leo Kolb, Christian Heurich, ‘Leon Tobriner, Willlam C. Miller, Morton J. Luchs, and Corcoran Thom Home Building Association. At the annual meeting of the Home Building Association the following officers and directors were re-elected for the coming year: Fred L. Vogt, president; Dr. R. L. Quigley, vice presi- dent; C. Edward Beckett, vice presi- dent; Willlam K. Reeve, treasurer; James Morris Woodward, _secretary; Otto Hermann, assista: secretary. Directors, d D, Baker, Charles G. ther H. Linkins, A. Lynn Dr. George B. Roth, Parker Sweet, 3d The report of Woodward show sets during There were no directors voted to contir interest rate on per James M. se in as- past year to $747.210 foreclosures. The e the present stock to 5 compounded Secretary an incr Bank Directors of Declares Dividend. the Washington Loan & Co. have declared Tegular ly dividend of 3 per cent and a dividend of 2 per cent, payable 1. Books will be closed for T of stock from January 24 to ry 1, inclusive Directors of the Union Trust Co have usual lw‘ us to the omu.n ndered during the ye al banks also paid vice e Lashmutt, cashier; John F. stockholders oday. Else- appear the figures which Traction Officials Re- flr(kd re-elected the fol- eorge E. Hamilton, J. Stellwage es C. Glover, Jr.; ) older: ive board and coun: a, president; H pton, vice president, secretary and treasurer; J. H. Heberle, assistant to th dent; C. B. Koontz, assistant treas Jobn Fleming, purchasing agent snd assistant secretary. Insurance Men Capture Honors. , one of the general Washington office of ance Co., New ned from a mana- 1d in Gotham, at W nced that the local firm rdnKN‘ i in new paid-for- premium_income for December, 1931, and fourth among the company agen- cles for the entire year of 1931. As the company has &boui 60 general agencies scattered over the United States, the sgents here consider that their record proves Washington 1s & good city in which to transact business, as well as & fine place to live. During the conference, Ethelbert Yow, chairman of the board, report the company in excellent condition. It holds $21,000,000 in bonds, $2,600,000 in preferred stocks and $30,45 es, only SHy(UU of the Cran Home ha: cor which it Only one bond issue fajled to meet their during the year, the chairman In the case of the banks, [* Best D. C. Business Reported. The Washington offce of the I « of THE Stocks sold In 100-share lots exeept those desigmated by letter ;« —193 High 14% 52 106% 28% 23% 79%4 64 31% 7% 26 20% 438 28% 891 5Ti 64% 102 a4 21% 50 12% 60 108% 201% 2% 69% 53 11% 41 13 1— Stock and Bales— Low. Dividend Rate. 2 ADbitibi Pwr & Paps 4% Abitibi Pow & Pa pf.. 96 Abram Straus pf (1) 3% Adams Express..... 2214 Adams Millis (2) 10 Addressograph (1 2 Adv Rumley... 121 Affiliated Prod 1.60. 474 Alr Reduction(t414). 7 Alaska Juneau (50c) 1% Allegany Corp...... 2 Alleg Cp pf $30 ww., 1% Alleg Cp pf w 340 w. 16 Alliance Realty..... 64 Allled Chemical (6) . 10% Allis-Chalmers(50c) 11% Amerada Corp (2). 121 Am Bank Note (2)... 1314 Amer Br Shoe (1.60). 584 Am Can Co (15). 414 Am Car & Foundr: 3 20% Am Car & Fdy pf (1) 160s 5 Am €omcl Alcohol.. 60 614 Am & For Power.... 196 18 Am & For Pwr pf(8) 20 Am & For Pwr pf(7) 10 Am & For Pwr 24 nf. 37 Am Flome Prod 4.2¢. x 10% Am Tce (2). . 43 AmIcepf (6). 5 Am Internatio 5 Am Locomotivi c 16 Am Mch & Fdy 1.40. 47% Am Metal Co 14 Am Metals pf. 25 Am News (3), 11% Am Pwr & Lt (11) 44% Am Pwr & Lt nf (8) 34% AmMP&Ltpf A (5 5 Am Radiator (60c).., 100 Am Radiator pf (7) 114 Am Republics. 7% Am Rolling Mill 191 Am Safety Razor (5) 20 Am Shipbuilding (5) 1714 Am Smlt & Rfg(50c) 28 Am Snuff (+3%) 1 Am Solv & Chemical. % Am Solv & Chem nf. 5 Am Steel Foundry 33 Am Stores (12%). 34% Am Sugar Ref (5) £414 Am Sugar Ref pf (7) 11214 Am Tel & Telex (9).. 60'5 Am Tobacco (5) . 64 Am Tobacco B 96 Am Tobacco pf (6).. 2314 Am Water Wks (3).. 21% Am Wat Wks (1). 2% Am Woolen Co . 514 Am Woolen Co pf. 9% Anaconda Cope! 13 Anchor Cap (2.40)... 20 Armour of Del nf (7) % Armour of Il1 (A).. 14 Armour of 111 (B). 514 Armour of Il of. 1% Arnold Constable. 1% Associated Apparel., 5% Associated Dry Gds. 791 Atch To & San Fe(6) 75 Atch To&S Fe pf (5) 25 Atl Coast Line (4). 8% Atlantic Refining ( 18 Atlas Powder (4) 84% Auburn Auto (f4). % Austin Nichols. . 14 Austin Nichols A 1% 1 Autosales pf 2 Aviation Corp (Del). 4% Baldwin Locomotive Baldwin Loco pf. Baltimore & Ohlo. ... Balto & Ohio of (4).. Ramberger pf (634).. Bang & Aroos (3%).. Barnsdall Corp'n. ... Bayuk Cig 18t pf (7) Beatrice Cream (4).. Bendix Aviation (1). Best & Co (2) Bethlehsm St Bethlehem Stl pf (1) Blaw Knox (50€).... 3ohn Alumn (1%). Borden Co (3). . Borg Warner (1) Briggs Mfg (1).. Briggs&Stratton(2). Brockway Mot Trk. . Bklyn-Man Tran (4). Eklyn-Man Tr of (§) Bklyn & Queens Eklyn Union Gas Bruns Term & Rwys Bucyrus-Erle. .. Bucyrus-Tirie cv pf Budd (E G) Mfg. Budd (E G) Mfg pf. Budd Wheel Burr Add Mch (1). Bush Terminal(2%). 50 Bush Term deb (7).. 85 Bush Terminal pf(7) 1 Butte Copper & Zinc. 10% Byers (A M) Co. 8 California Packing. 3 Calumet & Hecla 5% Camp W&C Fdy (1 10% Canada Dry (1.20). 10% Canadian Pacific 1 17 Cannon Mills (1.60). 414 Capital Admin (A).. 24 Capital A pf(A) (3) 33% Case (J ) Co.. 53 Case (JI) pf (7). 10% Caterpillar Trac (2). 25, Celanese Corp... 214 Century Rib Mills. 16 2 108 19 180 14 450 15 150 2 508 32 100 6908 164 5 108 3 20 108 6 63 614 72% 1% 3% 4% 1% 10 2% 10 15% 2% Certain-teed Prod. 31, Checker Cab Mrfg. 23% Ches & Ohio (23%). 137 Chesapeake Corp(3). 215 Chi Great Western. . 714 Chi Great Westn pf.. 1% Chi Mil StP & Pac... 214 Chi Mi) StP & Pac pf. 5 ' Chic & Northwstn. .. 1314 Chi & Northwestn pf 3% Chi Pneu Tool. 6% Chi Pneu Tool pf 77 Chicago R 1&Pa 10% ChiR1& Pac 6% pf. 12 Chi RI&Pac7% pf. 5% Childs Company. 11% Chrysler Corp (1). 255 City Ice&Fuel (3.60) 4 City Stores. 9734 Cocoa-Cola (1) 24 Colgate-Pal-P (2%). 79% Colg-Palm-P pf (6) 614 Collins & Aikman 1 Fuel & Iron. umb G&EI(b1 724 Col Gas&El pt A (6) . 32 Columbia Carbon (3) 8 Comm Credit (1.60).. 19% Comcl Credit A (3).. 52 Comcl Cred 18t(6%). 15% Comel Iny Trust (2). 60 Comm Inv cvpf(e6).:_ 6% Comel Solvents (1).. 3 Comwlth & Sou(30e) 46 Comwlth&Sou pt (§) 6% Congolm-Nairn (1) 42 Consol Cgr pr pf 6. 210s 51 Consol Ciga 3% Consol Film. 74, Consol Film Bf (3).+ 57% Consol Gas N Y (4).. 88 Consol Gas NY pf(6) 814 Consol Laundries(1), 1% Consol Textile. 14 Container Corp (B). 45 Contl Baking (A). 4 Contl Baking (B)... 40 Contl Baking pf (8) 30% Contl Can (2%). 314 Cont Diamond Fibre. 18% Cont. Insur (2.40) 1 Contl Motors. 4% Contl O1l (Del % Contl Share 86% Corn Products (l) 2% Coty Ine... 20 Crewm of Wht(12%) 13% Crown Cork (2.40).. Crown Cork pt (2.70) ) Crucible Steel 867 Crucible Steel pf (7) 7 Cuba CO..uuevresnse Cudahy Packing (4). 20 Curtis Publish (4) 70 Curtis Publish pf 1 Curtiss Wright. 1% Curtis Wright (A. 7 Cutler Hamm 3% Davison Chemical 18% Deere & Co pf (1.40). 64 Delaware & Hud (9). 17% Delaware Lack & W.. 8% Denver & RG W pf.. 110% Detroit Edison (8).. 10% Diamond Match (1).. 19% Diamond Mtch pf 1% 6% Dome Mines (1).... 11 Dominion Stores t1% 10% Dresser Mfg B (2).. 42% Drug Corp (4)..euee 507 Dupont de Nem (4).. 77 Eastman Kodak (18) 5% Eaton Axle& Spr60c, % Eitington-Schild.... T Eitington-Schild pfu 20 Elec Auto Lite (4).sv dead b waionl Jna e 102 7 2 16 7 29 214 % 90 5% 124% 767 9% 109 3214 28% 4% 20% 4% 10% 22% % 16 2 3w 814 30 8814 914 12% 15% T8% 3814 91% 848, 39% 10% 22% 5 151% 1454 * 14% 2 23 i 15 27% 1% 21 114% 112 28% 00 Eigh. Low, Close. Chxe Add 00. Hi! s 145% —2% % 14% 2 43% +1% + % 9% — % 22% + % 62 +1 2214 + % 66% —1% 9 4% 67% 1% 9% + % 59 #frss Ly FE 9 66 23 % % 6 W 45% 28% 115 98% 87 42 91 42 9% 5 45% 6% 29% 8% 15% 1 20 0 274 " 101 56% 20 1274 46% 41 134 2% 28 9% 91y 18 245 2 Stock and Dividend Rate. Elec Pwr & Lt (1) Elec Pwr & Lt pf ( Elec Pwr&Lt pf (1) .. Elec Storage Bat (4). Elk Horn Coal...... Elk Horn Coal pf, Endicott-Johnson(3) Endicott-John pf (T) Eng Pub SVe pf (5). EngPSptww (5%); Erie RR. Erie R R 1st p: Fairbanks-Mor: Federal Screw Wks.. Fed Water Service A. Fed Dept Stores (1). Fid Ph Fire In(2.60). Firestone T & R (1). Firestone T&R pf (6) First Natl Strs (2%) Fisk Rubber........ Fisk Rub 1st pf cony Florshelm (A) (1%) Follonsbee Bros. .... Foster-Whaeler. Foundation Co. Fourth Nat Inv (110" Fox Film (A) Franklin Smn Freenort-Tex (3) Gen Am Investor; Gen Am Tank Car(4) Gen Asphalt (2).... Gen Baking (2) Gen Bronz Gen Cable Bales— Add go. Gen Cigar (4) Gen Cigar pf (7). Gen Electric (1.60) Gen Elec spec (§0c) .. Gen Food Corp (3).. Gen G&E A (b6 % stk) Gen Gas&E cv pf(8) Gen Motors (3) Gen Motors pf (5). % Gen Public Service. % Gould Coupler. % Granby Consol (50c) q 24% 10 5% 1 314 13 4 1% 4 Hawailan Pineapple. Gen Ry Signal (5). Gen Realty & Util. Gen Realty & Util pf. Gen Refractories (1) Gen Theatre Equip. . Gfllette Saf Razor... Gillette Saf R pf (5). Glidden Co. Gobel (Adol: Gold Dust (2% Goodrich (B F) Goodyear T & R (1) .. Goodyear 1st pf (7).. Gotham Silk Hoslery ® Graham-Palg Grand Silver Stor Grand (Tnjon. Grant (W T) (1). Great Northern pf(2) Great Northn Ore(2) Great Western Sug.. Grigsby Grunow.... Gulf Mob & Northn. . Gulf Mobile&Nor pf. Gulf States Steel ... Hahn Dept Stores. Hanna of (7)... Harb & Walker (1) Hartman Corp (A).. Hartman Corp (B).. N9 3 =1 PR AE MR DR S R 1001000 D N 10 0 e 5 Hayes Body Corp. .. Hercules Powder(3). Hercules Pow pf (7) Hershey Choc (6).. . Hershey Choc nf (15) Holland Furnace (1). Houdaille Hershey. . Househld Fin pf ¢.30 Houston Ofl......u0 Houston Ofl (new).. Howe Sound (2).... @ S 13 4« Hudson & Man (3%) 9% Hudson Motor (1). Hupp Motors Tllinois Central. Tilinofs Cent 11 (4). Indian Refining. Indust Rayon (4 4 Ingersoll Rand (4. Inspiration Copper. . Interboro Rap Trans Interlake Iron Int Bus Machine(né) Int Carriers,Ltd 60c. Int Cement (3). 4 Int Combustion. Int Combustion nr... 4 Int Comb pf ctfs. Int Harvester (2%) - Int Harvester pf (7). Int Hydro E1 A (82)« Int Match pf (4). (nt Merchant Marin Int Nickel of Cax 206 Int Nickvan pf (1).. Int Paper pf........ 1 Int Paper & Pwr C... Int Paper & Pwr pf.. 4 Int Printing Ink. ... Int Printg Ink pf () Int Rys of CenAm pf Int Salt (3). Int Shoe (3) 4 Int Stlver. 524 1% 14% 57 24 80% 15% 123% 68 115% 111% 45 6% 18 54 24% % 315 % 26 b4 29% 3 15% 6 60 20 31% 9% 29% 156 27% 4% 3514 12% 8T%h 40% &y 1% 8% 1% 61 8 69% 35 34% 184 20% 6% 91 39 91% 40 26% 16 34% 12% 33 14 554 13% 63% 23% 98 66 64 2% 544 297 21% 10 1024 74% 45 1 S6% 1T% 111 20‘/. 19 25 36 50 % 29% AT% 19% 36% 2% T Int Tel & Teleg (60c), Int Dept Stores (2).. Interst D S pf xw (7). Investors Equity.... Island Cr'k Coal (3). Jewel Tea (4). Johns-Manvllle (1), Jones & Laugh pf(7) KC P&L 1st pf B(6). Kansas City Southa. K'mann Dept Strs(1) Kayser (J) & Co (1). Kelly-Spring Tire... Kelly-Spr T 8% pf.. Kelsey-Hayes Wheel Kelvinator Corp. .... Kendall Co pf (6)... Kennecott Copper 50¢ Kresge (S S) (1.60).. Kreuger & Toll 1.61). Kroger Grocery (1). Lambert Co (3) Lee Rubber & Tire. . Lehigh Valley Coal Lehigh Valley R R..) Lehman Corp (2.40) . Lehn & Fink (3).... Libbey Owens G Liggett & Myers Ligg & Myers B (15) Lily Tulip Cup(1%). Lima Locomotive Link Belt (1.20) Liquid Carbonle (2) Loew’s, Inc (14) ... Loew’s Inc pf mm Loft Inc. . Loose-Wil 5 Lorillard ( R Lorrillard (P) pf (7) Loufsiana Oll... Lou Gas&El A (1% Loutsville & Nash(4) Ludlum Stee McAna & Forbes (2 McCall Corp (2%) McCrory (B) (2). McCrory Strs pf (6) McGraw Hill Pub. MeIntyre Porc M (1). McKeesport T P (4). McKesson & Robbing McLellan Stores. .... McLellan St pf A(6). Mack Trucks (1)...« Macy (RH)& Co(n3), Magma Copper (50c, o w = EISTEYTPATY- JREHE S S 5 Cor mSnunBan Marine Midld (1.20). Marlin-Rockwell (2) Marmon Motor Car. . Marshall Fleld (2%) Mathieson Alkilf (2) Mathieson Alk pf(7) May Dept Strs (2%) Mengel Co pf. Mesta Machine ( Met-Gold Pic pf 1. l!. Miami Copper Mid Continent Poun. Midland Steel (3)... Midland Steel pf (3). M StP &S S Marie.« Minn StP & SSM pf o M StP & SSm 1sd (4) 150 Mo Kan & Texas Mo Kans & Texas pf. Missour{ Pacific. Missouri Pacific pf. Montgomery Ward. Motor Products (2) Munsingwear lnn(z) . High. lmr Clos 13 1314 55'% 64 82 % % 33 102% 4T EVENING STAR, WASHINGTON, D. C, THURSDAY. Chie. 1441 sesEE Fae gxEx HHlbbEe 41 - 1+ © FEE F FE FEEE AL EE 11+ - [ €70 W aatvBN mnmfl_m;mu “ % | JA AN UARY 14, 1932 ADVANCE IN STOCK MARKET CONTINUES Trading Volume Increases as Prices of Securities Go Higher. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 14.—Recovery was carried further on the Stock EX- change today, with sharp gains all through the list as the pace of the trad- ing increased in speed. Volume exceeded that of any ses- sion in recent weeks, with the ticker at one time several minutes behind the market—something that Wall Street has not experfencedsince last Summer, and then when prices were declining. The public was back in the market as a buyer on rising prices. This, also, was in contrast to its previous atti- only when prices were undér pressure. Leaders in Advance. The momentum of Wednesday’s ad- vance was sufficient to open the market I today ‘well above the closing quotations. While all of the important shares par- ticipated in the advance, the buying was concentrated in issues that produce the most favorable affect on the public mind. United States Steel, for instance, was up nearly a point by midday and 10 "l points over its low price last week. American Telephone & Telegraph at the same time showed an advance of nearly 3 points and was 17 points | higher than on January 5. Allled Chem- ical touched 74, compared with 6214 a week ago and American Can was 10 points above its low range. General Maotors at 24!, compared with 191 re- cently and General Electric with a 1- point gain was 4 points up from the year's low. And all this in the first two hours of trading. There were other issues in which the forenoon advances were even greater. Eastman Kodak gained over 4 points and has now recovered 14 points. Au- burngAuto crossed 151 and was 36 points higher than in the previous week. American Tobacco, Liggett & Myers B, and R. J. Reynolds had gains that averaged better than 2 points. In the railroad list Atchison and Union Pacific were 2 to 3 points above Wednesday’s closing prices. Offerings were naturally heavy in view of the extent of the rise, which now amounts to nearly 15 points in the average of the market. However, these were well absorbed and while fractional declines occurred in the ac- tive list and even larger ones in some of the inactive shares, the market as a whole showed excellent stability and started out on another advance around midday. It will shortly be possible to consider the entire list in ter of new high prices for the year, instead of dealing with the depressing evidence of “new low prices” which was constantly put before Wall Street during 1930 and 1931, Wheat and cotton responded to the buoyancy in the security markets, but to only a small degree. Nothing com- parable to the movements in them last O(‘wbt'r has been developed out of the change in sentiment here and in Wash- ington. The meeting in Chicago today road executives was preliminary in character, with little expected from the conference in‘'a definite way until early next week. Opening Is Higher. nesday’s session, by prospects of early easing in money rates and firmness in foreign markets, today's opening of the Exchange was active and higher. Gains ranged from fractions to 4 points, with numerous new highs being made on the present recovery. The mo- tors were among the earliest to point to higher levels. “A block of 3,000 shares of General Motors came out at 24, up %. Auburn Auto at 149' was up 1%. It later reached 150. On the eve of the rail gnthermg in Chicago carrier shares were up fractions to more than 2 points. Atchi- son at 9214 rose 1%. Union Pacific gained 1 point on a block of 1,000 shares at 84. President Gifford’s state- ment on American Telephone's earnings caused a block of 2,000 shares of that stock to open at 123%, up 1 point and at & new high on the recovery. Con- solidated Gas advanced 1 point to 64. Noranda Mines was the feature of the mining shares, being up about & point at 15 as a result of the Canadian gold production statistics. General Electric gained Y, to. 2513, as did Westinghouse on & block of 3,000 shares at 283,. Radio at 8% was unchanged, but it advanced shortly thereafter. A block of 5,000 shares of Standard Ol of New Jersey, at 3015, advanced 1%. United States Steel opened late on a 5,000-share transaction at 452, off !a. CLEARING HOUSE FIGURES. Washington Clearing House figures for today: $3,254,598.21. [m,,,\nmmh,‘ '"r A i I lllmnu ""‘"'Mu ]mlmmnu A7 Wi ™ mn ] (e BERLOY iy "um s ul P ADIUSTARLE BOOK SH Prevent congntxpn in your office by utilizing your wall space. The Attorney, the Patent Law- yer, the Office Executive, the Pr o fessional can use thll Book Shelf Unit to advan- tage. Cheaper and better than sec- tional book Cases. Shelves are adjustable. tude of making commitments sparingly | Encouraged by the strength in Wed- ¢ vi New President SAVINGS BANK DIRECTORS MAKE CHANGES. A. F. JORSS, Elected head of the Park Savings Bank at the anual meeting when George E. Walker was chosen chairman of the board. He i president of the Jorss Iron Works, director in the Second Na- tional Bank, and also & former vice president of the Park Savings Bank. —Harris-Ewing Photo. Bank of England Statement. LONDON, January 14 (#)—The weekly statement. of the Bank of Eng- | land shows the following changes in pounds: Total reserve increased 8,122,000, cir- culation decreased 8,115,000, bullion in- creased 6,000, other securities decreased | 3,797,000, public_deposits increased 6,- 680,000, other deposits decreased 13- 713,000, notes reserve increased 8,12 000, government securities decreased 11, 330,000. The proportion of the bank’s reserve to liability is 32.23 per cent, compared with 24.60 last week. Rate of discount, 6 per cent. SILVER QUOTATIONS. NEW YORK, January 14 (#) (Noon). —=8ilver futures firm, 475,000 ounces. | Quotations in cents: January, 30.50 | bid; March, 31.15; May, 31.70; July, | 31.95 bfld' Sep!ember 32.05 bld U S TREASUBY BALANCE The United States Treasury balance | announced today as of close of business January 12 was $389,419,271.06. Cus- toms receipts for the month to date were $12,150,891.97. ‘Total _ordinary expenditures were $10,699,026.04. NEW YORK BANK STOCKS || NEW YORK, January 14 (#) —Over- the-counter market. | BANKS Asked. 39 ERAL® i 221 ommercial Natl First Natl between the railroad employes and rail- | Publ! e Manutacturers . New York ... Authorized Service Carter Carburetors— Eclipse—Bendix— Lockheed Brakes MILLER-DUDLEY CO. 1716 14th St. NW. North 1583-4 6% Secured on conservativel apprassed residential proper- ties. Every mortgage pro- tected by fire snsurance and title guaranteed by responsi- ble title companies. -° IN DENOMINATIONS OF $250 and upwards BOSS & PHELPS Realtors NAtional 9300 MORTGAGE NOTES 1417 X 8¢, FINANCIAL. Washington Produce Butter—One-pound prints, 30; tub, 29. ‘Hennery, 17al9; current re- ceipts, 15a17. Poultry, allve—Turkeys, old toms, 20 a22; young toms and hens, 25a28; chick- ens, 3gpounds and over, 18a2l; 2 to 2% pounds, 18a20; broilers, 11 to 2 pounds, 18a20; hens, large, 20a2: mall, 15a16; Leghorn hens, 14al5; roosters, 11; keats, young, 40a4! d, 25a35. Poultry, dressed—Turkeys, old toms, 24a26; young toms and hens, 27a30; chickens, 3 pounds and over, 20a22; 2 to 2% pounds, 23a25; broilers, 1% to 2 pounds, 23225 hens, large, 23a25; small, 17a19; Leghorn hens, 17a18; roosters, 14: keats, young, 60a70; old, 50, Meats—Beef, prime, 16; choice, 1 good, 1274al13; cow, 915al0; lamb, top, 14; fair to good, 14al5; common, 13a 14; veal top, 15; medium, 14; pork loins, 111;; fresh hams, 8 to 10 pounds, 12; 18 to 22 pounds, 19; smoked hams, 16a17; strip bnmn, 16al7; lard, 80-pound tins, 8l%; package, 9; com- pounds, Ta7% Live stock—Hogs, light and medium, 4.00a4.50; heavy, 4.00a4.25; pigs, 4.00a |4.50; roughs, 2.00a3.00; calves, 4.00a8.00; | lambs, 4.00a6.00. | Frults—Strawberries, pints, 10a121;; quarts, 15a25; apples, bushel baskets, | PROPERTY | Apartment House our 925 15th St. N.W. MANAGEMENT MORTGAGE *¥% A—13 50a1.00; fancy box stock, 2.50; orang l'lorld‘, 3.0023.75; California, 3.75a4. 00 grapefruit, 2.25a3.25; pears, 3.00a3.50; pineapples, 3.00; grapes, Emperors, 3.50a 4.00; Jemons, 3.50a5.50; tangerines, 1.25a1.75; persimmons, 1.00a2.00; kum- quats, quart, 10al5; bananas, 75a2.00; Alligator pears, flats, 2.50a3.00; rhu- barb, hot house, 5 pounds, new, Bermuda, 2.00; Honeydew: Vegetables — Potatoes, 100 - sacks, 1.2 Idaho bakers, 2.50a2.75; sweets, 65a1.25; tomatoes, repncks 3- pan containers, 2.00a2.50; peppe! 0a 3.00; carrots, bushel baskets, IOUM bee per 100 bunches, 3.25a3.50; string beans, 1.75a2.00; limas, 5.00a 5.50; peas, 8.00a8.50; lettuce, Iceberg, 4.00; cabbage, new, 1.00; old, 75a1.00; spinach, 75a1.00; kalg, 65a75; cauli- flower, 2.50; m rooms, 50a7: broc- coli, 2.50; turnips, 50; artichokes, 4.00a 5.0 celery, 3.50; cucumbers, Cuba, 5.00; squash, Cuban, 2.00; eggplant, Cuban, 2.50. CHICAGO DAIRY MARKET. CHICAGO, January 14 (#).—Butte: 5,677 tubs; firmer; creamery specials (93 score) 24a24!; extras (92 score) 23%; extra firsts (90 91 score) 2215a. firsts (88189 score) 21 seconds (86-87 score) 20%.a2l1; s ards (90 score centralized carlots) 231, Eggs, 6,455 cases; unsettled: extra flr;ls 161, al7; fresh graded firsts, 16a1612; cur rent receipts, 15a15! MANAGEMENT OU certainly would enjoy being relieved from the re- { 1 ! sponsibilities - 4 connection with the manage- ment of your apartment house properties. Place them in our hands— and worries in experience and facilities | are at your service for a very nominal fee, B. F. SAUL CO. Nat’l 2100 LOANS | | | A {“National Savings” 'National Savings 6? T rust Co. i Oldest Savings Institution in the District of Columbia Cor. 15th and New York Ave. The Confidence of Over 55,000 Depositors BANK that serves an army of over 55,000 individual depositors must be safe, must be strong, must be a good institution with which to do business. has the confidence of such a multi- tude because it has earned it for more than six decades of the right kind of service. Deposits in any amount invited. Interest paid on both Savings and Checking accounts. Open Until 5:30 P.M. OFFICERS: WHLLIAM D. HO HOODBURY BLA&“‘ and Trust Officer -Treasurer President V. Pres. Asst. Sec " A P. SAVAGE....Auditor Friday, January 15th DIRFCTORS : JAMES 3 BECKE Capital & Surplus $3,500,000 | OFFICERS: GEO. W. WHITE, President 0, H. P. JOHNSON, Vice Pres. A. A. HOEHLING, Vice Pres. Trust Officer and Gen. Counsel C. F. JACOBSEN, Cashier R. P. HOLLINGSWORTH, Trust Officer S. W. BURWELL, Officer C. E. BRIGHT, Asst. Cashier A. H. BEDFORD, . Cashier C. L. ECKLOFF, Asst. Cashier R. E. BRIGGS, Asst, Cashier ¥. E. HILDEBRAND, Asst. Cashier F. V. N. COOK, Auditor Asst. Asst. Trust —one hundred and eighteen y; ago, The Metropolitan has st Dedicated to Public Service DIRECTORS fastly adhered to policies insuring customers The Best in banking. qlt is not essential that you be a big depositor to avail yourself of a Metropolitan connection. Modest checking accounts are always invited. OPEN UNTIL 5:30 P.M. FRIDAY, JANUARY, 15th National Metropolitan Bank Oldest National Bank in the District of Columbia Capital, Surplus & Undivided Profits Over $2,300,000.00 15th Street, Opposite. U. S. Treasury