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? ? I M. J-</*,X' "** fc0MPLETE~~DAlLY RECORD OF STOCK AND BOND TRANSACTIONS TWO BANK FIRMS IN RECEIVERSHIP ON OWN REQUEST Smith, Andrews & Mars ton and Connected Company Bankrupt. OTHER LOCAL NOTES , D. C. Issues Dull; Potomac ' Electric Offering: Quickly U. "> Absorbed. The banking firm* of Smith. An "rew? and Marston, and Marshall A- Smith and Company, with offices | )m city and Baltimore, went ?nto receivership yesterday on ttteir voluntary petition. John Reed j Wood was appointed receiver un- j der a $50,<000 bond by Judge Heuls-I Hi4 hf Circuit Court at Baltimore. I The petition was filed by Mar ?k*ll A. Smith. Charles Prentiss Andrews. Pierce Marston and W. Crawford Smith, Jr.. trading as Smith. Andrewa and Marston, and by Marshall A. Smith, trading as the other firm. Offices on H Street. The firms were organized Feb ruary 35, 1930. as a banking and brokerage business, with Baltimore offices at the Hotel Emerson and *t 1413 h street northwest, this city, until October 13 last, when the Interests of the Smith, An drew? and Marston concern were ^ transferred to Marshall A. Smith and Company. Since that time, it was said, the company has become heavily indebted and its assets ? were in jeopardy. In addition to asking for a receiver the petition asked that the partnership be dis solved. Counsel for both banking firms, after *he appointment of the re ceiver, stated that they became in volved because of their inability to realize promptly on non-liquid as sets. It is not known at this time whaf the assets and liabilities will amount to and cannot be deter mined until the receiver takes charge and makes an examination of the affairs of both firms. Name* of Conasel. Th? counsel for both firms are Marbury, Gosnell and Williams. W. Conwell Smith*, and Barton, Wilmer and Barton. Early yesterday morning reports were current in the Baltimore financial district' that the banklrtg house was In trouble, and before the stock market opened the of fices of the firm In the J2m?rson Hotel there were visited by *a num ber of customers, who found the telegraph operator in rfiarge. It was afterward learned that mem bers of the firm were in conference with their attorney, which resulted in the applhration for receivership. Local Securities. Issues on the Washington Stock i Excnange were decidedly dull dur ing the opening session yesterday. ' Bonds monopolized entfre attention jvx>f traders as far as actual sales were concerned, $4?007J Potomac Electric consol. 5s selling at 86. .$500 Washington Gas 5s at 82. and '$1,000 WashingtQn Railway general 6s at 93. Call money ruled at 5 per cent bid for 6 per cent funds. At conclusion of the meeting the chair announced the death of E. S. Parker, former member, and steps were taken to have a fitting floral tribute sent to his home in Penn sylvania. New luae Well Taken. The new issue of $2,200,000 Po toma<- Electric Power Company 7 per cent general mortgage bonds, maturing in 1941. Which were put on the market at 11 o'clock xes" terdav morning, sold very rapidly, and wjthln a short ttme after the opening of the bouks the total is sue was subscribed. I>ocal banks were heavy purchasers. Thi3 security was put on the market at 98V?, to yield about 7.15 per cent, and ws3 handled by a syndicate headed by Harris Forbes and Company. National City Bank and Crane. 1'arrls and Company, of Washington. t Wc Are In Favor of Blue S^y Legislation And Invite Thorough Investigation General Finance and Security Co, Inc. Natl. Metropolitan Bank Bids. M.ia J0?l-?-J Suit. 610-1* I EDWIN A. ROPER STOCKS , _ BONDS ? ODD LOTS ROUND LOTS Direct private wire to H. T. Greenwood and Company, membera Consolidated Stock Exchange of New York. EDWIN A. ROPER 216-217 Bo ad Bldf. Maia 3020 S : COMPLETE N.Y. STOCK TRANSACTIONS (W. I. aiMa. * Oh HIMi IMS- Mwkn *? 1. IIHk Adams Express Air Bad actios . 1700 Allisd Cheat Dye J00 Allied Chen Dye pf... 1200 A lite Chslmsrs 700 Aster Agrkrul Chen... 100 American Bask Note.. 100 Americas. Beet Sugar.. 100 Amer Bosch Magneto.. 1400 Amer Brake Shoe Fdry 200 Aaer Brk 8h Fdry pf. 400 Americas Caa .> 200 Americas Can pf 900 Amer Car Vtoiadf?.... 100 Amer Car Fffandry pf.. 300 Amer Cotton Oil pf 500 Amer Express 500 Assr Hide Lssthsr.... 700 Amer Hide Leather pf. 100 Americas Ice 100 American Ice pf 1900 Amer later Corpa 100 American La France... 3000 American Linseed Oil.. 4400 Amerlcaa Loco mo 300 American Safety Baxor 100 American Ship Com 1NH) Amer Smelting 100 Amer Smelting pf 100 Amer Smelting pf A.. 100 American Snuff 200 Amer Steel Foundry... 1900 Amerlcaa Sugar 800 Amerlcaa Sugar pf.... 6100 Amer Sumatra Tobacco 1900 American Tel Teleg... 1800 Amer Tobacco ........ 200 Amex Tobacco pf 100 Amer Tobacco Claaa B. 100 Amer Wholessls pf... 1400 Americsn Woolen 2900 Anaconda Copper 100 Aaseta Realixation .... 200 Associated Dry Goods.. 200 Assoc is ted Oil '. i 1800 Atch. Topeks. S Fe 300 Atch. Topeks. 8 Fe pf 100 Atl. Blrming. Atl 500 Atlantic Fruit 30UO Atl. Gulf. West Indies. 1200 Atl. Gnlf. West lad pf 800 Atlantic Petroleum .... r 20 Atlantic Refining 200 Austin Nichols pf 28900 Baldwin Locomo '900 Baltimore Ohio 3000 Beth Steel Class B. .. 100 Beth Steel 8% pf 100 Brooklyn Bapid Transit 700 Brooklyn Union Gaa... 900 Burns Brother? TOO Butte Copper Zinc 200 Butte Superior Copper.. 2900 Caddo OU 100 Calif Lead Zinc 500 Calif Packiag 4800 Calif Petroleum 100 Calif Petroleum pf 2400 Canadian Pacitic 5400 Central Leather 500 Central Leather pf 8^0 Cerro de Pasco Copper. 2300 Chandler Motor* loo Chicago Ears Illinois... 200 Chicsgo Great Westers 200 Chicago Grt Western pf 700 Chicago. Mil: St Paul.. 900 Chi. Mil. St Paul pf... 100 Chi Northwestern i 200 Chi Northwestern pf... 2400 Chicago U 1, Pacific.. 300 Chi. R 1. Pac 6% |>f... loo Chi. It 1. Pac 7% pf... 3900 Chile Copper 1200 Chlno Copper 800 C, C. C. St Louis I'oO Clwett, Peabody 4000 Coca-Cola Co 14oo Columbia tins Electric. 4900 ?'ol Gr.ipiiupbone 2900 Col Gruphophone pf 100 Comp Tab 100 Coasol Cigar pf 1*800 Consol Gas 700 Consol Textile 200 Cont Can 11100 Corn Products 200 Corn Products pf 3600 Cosden Co 1*900 Crucible Steel 1400 Cuba Cane Sugar 1700 Cuba Cane Sugar pf... 2400 Cuban-Amer Sugar .... 400 Delawaie Hudson 900 Dela. Lacka. Western..' 100 Detroit Ctd Railways. 12800 Endicott Johnson lioo Endicott Jdlanson pf... .'4)0 Erie R R 700 Erie R R 1st pf....** 3ii0 Erie ft R 2d pf 7800 Fsmous Players 200 Famous Players pf.... 100 Federal Min Smelt pf.. 5O0 Fisk Rubber 100 Freeport Texas 100 Gaston Williams 3??o <>enerul Cigar pf deb.. 22600 General Asphalt 6400 General Electric -:.... 100 General Motors 7% deb 400 Goodrich Rubber 400 Goodrich Rubber pf... 100 Granby Mines 900 Great Northern pf 1200 Great Northern Ore sub 100 Greene Cananea Copper 100 Guantanamo Sugar .... 5300 Hank'-ll Barker Car 100 Homeatuke Mines 18800 Houston Oil 200 Hupp Motors 100 Illinois Central 'jOO ind fathom h Refg 100 Indiana Refining 900 Inspiration Copper 400 Ibterboro Cons Corpn.. 100 Inter Agricultural pf.. 1200 Inter Harvester Co 100 Inter Merc Marine pf.. 800 later Motor Truck 4300 Inter Nickel 100 Inter Nickel pf 9100 Inter Paper 300 Inter Paper pf stamped Ops*. 48 37 45% 87% 38 80% 58 26% 35% 44% 92% 26% 88 128 110% 89 180 10% 80% ?4% 66% 82% 8% 28% 91% 4% 5% 87 73 77% 105 28% 62% 77 35% 106% 126% W% 124% K% 25 i"% 33% 95% 85% 80% 84 2% 27% 21% 21% 9W 65 89 87 54 96% 7% 69 109 4% 13% 13% 3% 65% 41% 78% 111% 26% 59 28% 41% 6% 15% 22% 36% 67% 100% 32% 66* 78 11% 25% 43 40 35 61 3% 14% 8* 60 90% 16% 46% 79% 107% 82% 62 7% 17 12% 162 106% 65 65% 100 12 17% U% 63% 79 24% 10 14 % 89 56% 129% 71% 31% 73 18% 70% ?% 22% 7 70% 56 75 11 96% 3% 101, 34% 1% 36% 77% 46% 28 13% 74 50% 70 Righ. Law. Class. 87 ?% 46% 88% 88% 81 58 26% 88% 48% 92% 26 86 180 110% 39 180% 10% 61 64% 66% 88% 8% 25% 92% 4% 5% 37% 75 77% 106 23% 52% 77 86% 106% 125% 92% 124% 92% 76 40% 1% 83% 96% *5% 80% 84 2% 29 23 21% 910 65 90% 37% 54% 96% 7% 72% 109% 4% 14% 13% 3% 65% 42% 78% 111% 27% 59% 28% 42% 2 7 15% 23% 37% 67% 10O% 32% 66% 78 11% 25% 44% 40 38 62 4% 17% 35 00 91% 16% 45% 79% 107% 32% 62% 7% "% 13% 102% 106% 65 68% 100 12 17% 12 ?% 79 > 24 % H>% 14 % 89 58% 132% 71% 31% 73% 18% 71% 30% 22% 7 70% 56 78% 11% 96% 3% 10% 35% 1% 36% 77% 46% 29% 13% 74 51% 70% 37 ?% 49% 87% 88 80% 38 26% 85% 44% 92% 25% 36 129 110% * 129% 10 50% ?% 68% 82% 8% 28% 91% 4 4% 3% 87 78 77% 105 28% 31% 77 88% 108 124% ?% 124% ?3% 1% 88% 86% 83% 80% 64 2% 27% 21% 21% 900 65 86% 86% 52% 98% 7% 69 108% 4% 18% 13 3% 65% 41% 78% 110% 26% 59 28% 41% 6% 15% 28% 36% 67% 100% 32 86% 78 11% 24% 43 40 35 61 3% 14% 85 00 90 16% 45% 78% 107% 31"? 60% 7% 17 12% 102 106 65 65 100 12 17% "% ?% 79 24 10 14 % W 55% 128% 71% 31% 73 18% 70% 30% 22% 7 68 56 73 11 96% 3% 10% 34% 1% 36% 77 46% 28 12% 74 50 70 87 ?% sa 88% 80% 58 2t% 88% 49% W% 26 . 86 128% 110% 88 129% 10 ' 80% *% 65% 88 8% 24 81% 4% 5% 87% 75 77% 106 28% 51% 77 85% 108% 125% 92% 184% 82% 75% 40% 88% 96% 85% *0% % 28% 28 21% 900 65 8*% *% 52% 98% 1% 72% 100 4% 14% 13% 3% 80% 42% 78% 111% 26% 59% 29% 44% 7 15% 23% 37 % 67% 100% 32% 8?% 76 11% 25% 44% 40 88 62 4% 17% 35 60 90% 16^ 45% 79% 107% 32% 61% 7% 17% 18% 102% W6% 65 67% 100 12 17% 11% 62% 79 24 10 14 % 89 58% 131% 71% v% 78% 18% 70% 30% 22% 7 6U 56 77% 11 06% 3% 10% 33% 1% 36% 77% 46% 20 U% 74 51% 70% +1 +1 + % +8 + % +n +3 N.Y. CURB MARKET TRANSACTIONS (Wi B. HIhb. A C?.. Hlkk> BWl-. Me?k*r? jr. T. Cmfc Market ?B?-I INDUSTRIALS. 1300 Acme Coal . &7 JJJ 500 Acme Packing ... W ?1 0* 200 Amer hardware .. 24 100 Burn* Broa B ... 29 10 Celluloid Co pfd .. 104V4 100 Ch ft E 111 14 200 Columbia Emerald 1% 500 Cont Motors 5^4 100 D A B G pfd 75 1*) Durant Mot 24% 100 Farrell Coal 160 Gillette 8 R 171 .c0?? Glen Alden Coal . 41V? 100 Grtfthfc D W .... 300 Goldwyn Pleturea. 4% 4% 200 HercOlea Paper ... 2 200 National Leather . 6% 100 Peerless Motor ... 30 100 Philip Morris 5 300 Radio Cft v 2% 100 Radio Co pM .... 1% 200 Republic Tire Run 23 15 1800 Bonn Coal A Iroo. 2% 2% 100 Sweets C* 2% 600 Tobacco Products. 3*4 in? Todd Ship 61 Vi 200 Cnhed Prof Star. 1% 2300 U S S Corp 21 18 6000 u 8 Steam ....... 37 35 sSS? Iw2Tl% l* 100 Atlantic Petro ... 4 " ' '? /' ??JJ! 5^S* W?" Oil ?. SI 70 80 1300 Ctrft Mynd ...... su 5 * 3ii Jg? Cltteager* ou ... 18?* ijig* 200 citle. g ? !>" certh jo io% .rVwn< ?r?d 214 ? 2W/Klk Baits Pet .... 6* Ml 4JJ*j Jet 35 n 35 300 federal on 1* 1700 Clllfland Oil 4 '3H 500 Olen Sock Oil ... 1* * ,A 100 Imperial Oil s2 >?'?'' 1?0 lot Petro ? Jj areas s* s ?, JJ*** Ljona Petroleum .98 97 tf7 SKSSV!.:::: ?,S 5* SS 13500 Menco Oil J2 ,,, ,2 12500 Noble Oil * Oaa 19 ,i% 1900 Nor Am OU ...a. lu , , 2"r 0,1 ?' ? 300 Ryan Con au 800 Salt Creek Prod... 12^ '?* 1100 Sapalpa Hef ..... 3% -'** 2700 Mlmms Pet 8 "* 1200 Skell7 Oil IS Ju 1200 Sou Petroleum ... 3* J54 '?Wo. Stock*. 0P~> Bl?h L?r. ?iOO ImiaciM* Oil v*. 10* 1#* ?* 10H Moo wuad OU ?* 8* . ? 3* ago Jewel, Tea Co UK 11% u u *00 Jom Tea 2?* ?* 83* 27% 1490 Kauu 0117 Southern.. 21 2414 21% 24 1000 Kelly HprlacOeld Tiro.. MM 40* SO* 40* 100 kelMjr Wheel pf 90 00 UO BO 7?0 Konneott Copper ..... 21 21* 21 21* 300 Keyetooe Tin t 10* 10* 10* 10H 100 Kme.H ..Ml* 161* 1*1* 1*1* 100 Loo Rubber'Tiro 27* 27* ?* 27* 1100 Lehigh V.llej ........ 54 M* B4 84* + * 100 Lima Locomotive ...... 74 74 74 74 -{-1 ?00 LWt Candy 9% ?% *% ?%?!?* 100 MacM? Co 70 70 70 70 ?00 Manatl Sugar 24% 25 24% 25 +1 100 Maahat^a Elevated... 42 42 42 42 100 Manhattan Shirt 27 27 27 27 100 Market Street RaUway. 3% 3% 8% 8% - * 25 Market 8t Rvj 3d pf.. 5* 5% 5% 5% 100 MarUn Hock wall ft ft & ft +1* 300 Maxell Motor* B l% 9% \ 9 ? + \ 38000 Max Petroleum 101 104* 101% 108% 600 Miami Copper at* 22% 22% 22% + \ 8100 Middle States Oil 18% 18% 1*% 13% 300 MfcHale Steel 28% 23% 28 28% ? a 100 Mian St Lou la 7% 7% 7% 7% out) Mlaeouri Pari8c 18% 18% 18% 18% + ?> 1300 MlKbouri Pacific p?...?. 4?% 42% 41% 42 +iv 800 Montgomery Ward .... 18% 18% 17% 18% + 9 500 National Acme 18% 14 18% 14 100 Natl Blacult Co pf 109% 100% 108% 100% ?1 200 Nfttl Cloak Salt pf.... 58%, 58% 58% ft8% +2 300 Natl Knam Stamping.. 30% 40 30% 40 + ^ 500 Nevada Coneol Ccpper.. 11% 12 11% 12 + * 100 New Or la, Texas. Mex. 50 50 50 50 100 N Y Air Brake oo oo oo oo ?OH S Y Central...: 71% 71% 71% 71% 20U N Y. CUL St Louie.... 84% 55 54% 5ft 000 N Y. N H. Hartford... 18% 14 18% 14 100 Norfolk Wee tern 04% 04% 94* ?*% 8800 NortK American ...... 40% 41 40% 40% 1700 North American pf.... 8ft% 88% 83% 88% 5000 Northern Phclfic 73% 74 78% 78% 1200 Oh la Prod Refining.... 2% 2% 2% 2% 100 Urpheum Circuit 18% 18%. 18% 18% ? 200 Pacific Devefopmeat.... 10% 10% 10% 10% 1000 Pacific Oae Electric... CO 00% OU 00% 15100 Pacific T4l Teleg 41% 48% 41% 48% 7800 Pao Amer Petroleum.. 45% 45% 48% 44% 300 Pen Am Petrol Claee B 43% 48% 42% 42% 400 Paabaadle 11 11% 11 II 1*10 Pennsylvania K R 30 30 35% 35% 800 Penna Seatoani Steel.. 0% 8% 0% 0% 1300 People's Ua* 52% 53% 52% 53% 200 Pere Merqmtte 18% 18% 18% 18% 400 Phi la Cempeajr ....... 29 20 29 20 2200 Philllpe Petroleum 28% 30 28% 20% 200 Philllpe Jones 72% 72% 72% 72% 4?00 Pierre Arrow 13% 14% 12% 14% 5700 Pierce Arrow pf, 28% 32 28 31 400 Pierce OU 7 7 ?% 7 200 Pierce Oil pf 45% 45% 45% 45% 800 Pittsburgh Went Va... 23% 23% 23% 23% 100 Pond Creek Coel 14 14 14 14 200 Pressed Steel Car 50% 56% 50% 54% 1800 Pullmaa Co 97% 90 97 % 90 1900 Punta Al+gre Sugar... 20% 27% 20% 27% 2300 Pure OU Co 3>% 30% 29% 30% 200 liwjr Steel Hprlage 83 83 83 S3 7w0 Raj Consul Copper 13 1?% 13 13% 900 Ueadiug R It 69% 00% 00 80 1300 Republic iron Steel... 47% ib 47% 48% 200 Republic Iron Steel pf 77% 77% 77% 77% 18U0 Republic Truck 10 10* 10 10* 3700 Roynl 42% 43% 42% 48% 300 St Joe Lee4 J2% 12% 12% 12% 900 St Louis Sau Fianeieco. 21% 22 21% 22 3O0 St Louis San Fran pf.. 33 33 33 33 1(10 St Louis 8 ?jtliwestern. 21% 21% 21% 21% 2i?0 tea board Air Line 3% 3% 3% 3% 2iH> Seaboard Air Line pf.. 5% 3% ^% 5% 1800 Hears. Roebuck 68% 07% 08% 87% 8)|00 Seneca Copper 18% ltf 18% 19 400 HbatfBK Arlrona Cop.. 0% 8% 8% 8% 3100 Sbell Trade Teens 31% 82% 31% 82% 7700 SfncUlr Coneol Oil.... 21% 21% 21% 21% UlO South Porto Rico Sugar 20 20 28 20 3200 Southern PaclUc 77% 77% T7% 77% 1800 Southern Uailway 19% 19% 19 19 < !?<*) Southern Raiiwjy pf... 42% 42% 42% 42% 100 Standard OU of Calif.. 80 SO 80 , 80 300 Standard Oil N Jersvj. 150 150% 150 150% 1O0 Standard Oil TS Jer pf 109% 100% 109}e 10C% 100 Stern Bvothera pf 84 84 84 84 1200 Stromberg Carbureter.. "82 32 30 32 18908 Studebeker Cerpn 73% 75 73% 78% 290 Submarine Roat >' 3% S% 3% 3% 3900 Superior Oil . ? 7% 7% 7% 7% 980 Tenn Copper Chem.... -7% 7% 7% 7% S100 Texas Company 40% 40% 40 40% 3*1 Texas Pacific 21% 21% '21% 21% 2900 Texaa Pacific Goal Oil.. 23% 23% 25% 25% lOO Tidewater Oil . ...... 130% 150% 130% 150% 2900 Tobatco Products 60* 64% 44% 84% 391*0 Traascontl Oil 8% 8% 8% 8% 3tf*? Union OU 2C 20% 20 20% 800 Caloa Pacific 119% 119% 119% 119% 100 Union Pacific pf 67 67 67 67 800 United Drug G7% 57% 57% 57% 900 Uaited Fruit 110 111% 110 110% 100 Utd Rwy Inystment.. 7% 7% 7% 7% 5000 Uaited Retayv 8tores... 58% 53% 52% 58% 1SW U S Bxprese 6 6 6 6 500 U 8 Food I'rodur* 13 13 13 13 1300 U S ladm Alcohol 44 44 % 44 44 1700 U 8 Realty Improve... 58% 53% 58 53% 3900 U 8 Rubber.... 47 49 46% 48% 200 D S Rubber let pf 88% 89% 88 89 4300 V S Steel 78% 78% 78% 78% 200 U K Steel pf 110% 110% 110% 110% 3900 Utah Copper 52% 55 32 % 55 8U0 TajMidlum Steel Ccrpn. 30% 9n* 30% 80% ? 200 Va-Carolina Chem pf.. 72% 72% 72% 72% 100 Te Iron. Coal. Coke... 82 82 82 82 200 YffcaitM 8 8 8 8 800 waba?h R R...% , 7 7 7 7 200 Wabech R R pf A 90% 20% 90% 2U% 100 Wabaxh R R pf B 18% 13% 13% 13% 200 Weetern Maryland 9 0 9 9 3UO West Maryland 2d pf.. 16% 16% 10% 16^ 2*0 Western I :iclftc 20% 20% 20% 20% 200 W#et.ra Pacific pf../. 58% Sftftfc 58 ? 58 300 Western Cnion Teleg.. 82% 82% 82% 82% 1000 WetitinuhouHf M(f 45% 45% 45% 45% 200 Wheeling Lake Erie... 8 8 8 8 f? % 54NI White Motors 30 37% M 38 w ? * 1700 White Oil 12% 12% 12% 12% ? % 1700 Willys Overland i 5% ? 8% ft% + * 300 Wilson Co 85 35 -fifr . - 85 +1% Boo Wool worth. F W 117% 117% 117% 117% ? % TOO Wright Aero %. 7% 1% 7% 7% + % Total sale*. 5*1.600 shares, against 890.000 S4turda.v. 004.98o a week ego. 481.385 e year *fo, and 1,250,802 two? years j^o. From Jaautry 1 to date. 134.891.600, against 175,722,255 a year ago, and 287,691,016 two year* ago. 5)00 Tex on Qil Lspd .65 ?4 65 tOO Tqckeny ....* 81 1500 Victoria new ..... 52 50 50 100 *Wileog Oil ...... 3 400 Woodburo OH .... 1% .. 10900 "T"OU ......... W .77 77 STANDARD Oil. ISSUES. 900 Anglo Am Oil 16% 16% itife | 4800 Atlantic Lnbns ... 18% 12% 12% 10 Bnckeje Pipe Line 84 .'. 21 Catena Signal Oil. 48 10 Ohio Oil ...... 28T> 85 Illinois Pipe Lln? 1*6 165 166 10 Prairie Pipe Line. 200 11 Sou Pann Oil .*.. 85 10 Standard Oil N Y 840 ... 2100 Standard Oil tad.. 79% 78% 79% 10 Vacuum Oil 2&5 _ . MINING. 8100 Bif Ledge 8T? 84 > 85 22900 Boat 4 Mont ... 100 97 98 1000 Caled Mia ..v.... 1 1000 Candelarla Mining 24 200 Cons Oop Mines... 1% .. 2600 Cortes Silver 83 81 81 1500 Creaaon Gold ltf .. 500 Divide Extension .25 . . .. 100 Dolores E*p 1% .. 1000 DM?e Arisoaa .. 70 5200 Eureka Croerua ... 45 39 44 V200 (Joldfleld Florence. 42 40 42 800 Hecla Mine 4% 4% 4% 106 Magma Cop ...... 21 1500 McNaalra ....... 14 18 13 600 Mother Lode new. 5% 5% 5% 3500 National Tin 65 61 61 -? * The House Behind the Mortgage ? ; , t ' . ,'-?*? * **" . < . \ * You buy a book mat' only because of the author's name, but because of fhe publishers who stand back of that book. They arfe supposed to know a good book, or they would not have offered'this one for sale. We stand back of our First Mortgage Notes with rfs much pride as the publishers stand back of their volumes. Every d?y brings the responsibility of sustaining anew our flfty-two years' record of no loss to an Investor. ' J" - ; Swartzell, Rheem 6 Hensey Co. 727 15th Street N. W. WASHINGTON, D. C. The Nation's Home Town 52 Year* Without Lom to an Investor ? , ' t -? " ? . ' ? ? " *r. **??Mica 01 oonai on ine ovw* ??.'TI.0OO agalnit ?? 441.000 Saturday, ?14,286,000 a week ago. 111 170.000 a year a*o, and |lt,77t,0?0 two ytmrt ago. From January 1 to date I1.4S4.708.000 agatnat li.04t.4tl.000 a year a?o, and $1,117,70,000 two year* ago. ?*! Xfc"? Hick. Low CIom, 243 U 8 Liberty l%s.. 92.74 82.24 82.44 7 U 8 Liberty 2d 4%. U2 M * 1 U 8 Lib 24 4. ref. 92.10 a U 8 Lib l?t 4%?.. M.80 M.50 M.50 464 U A Lib 2d 4%*... 92 60 92-36 92.50 1038 U 8 Lib 8d 4%a... 94.94 94.68 94.74 14 U 8 L Sd 4*. rtf 94 64 94 54 94.54 1846 U 8 Lib 4th 4%s.. 92.90 91.70 92.70 17 U 8 L 4th 4%a ref 92 66 92.62 92.62 1972 U 8 Victory 4%.. 99.48 99 40 99.40 35 U 8 Vic 4%e ref.. 99.28 M.22 99 22 89 U 8 Victory 3%i.. 09.46 99 42 M.46 FOREIGN BONDS. 1 Argentine Gort 5e. 72% 27 Belfiuai 7%a .... 101% 100% 101 84 Belflum 8c 100% 100 100% 18 Be If lam 6s. 1925 . 95^ 95 95% 2 Chinese Govt R 5e. 48% 16 City of Berfen 8w. 101% 8% City of Berne 8e.. 104 108% 108% 0 C of Bordeaux 6a.. 87% M% 87% 5 City of ('open 5%a 81% 81% 81% 1 City of Lyooa 0*.. 87 8 C of Marseille* 6*. 87% 87 97 34 C of Rio de J 8s.. 98 97% 97% 24 City of Zurich 8a. 105% 104% 1 U5% 21 Daniah Man, 8s A. 104 108 108% 5 Danish Man. 8s B. 1M% 108 108% 8 Dora Republic 5s.. 80 79% 80 20 D C 5% notes. '29. 95 94 % 94% 4 Do of Can 5s. 26.. 94 M% M% Do of Can 5s. '81.. 93 92% 92% French Gort 8s. .. 100% M% W% 73 French Gort 7%a.. 94% M% 94 19 Im Japan let 4%s. 84% 84% 84fc 19 In Japan 2d 4%s. 84% 84 84% 8 4 Japan strl In 4a. 60% 68% 68% 11 K of Denmark 8s. 104 108% 104 7 K of Norway 8s... 105% 104% 105% 16 K of Sweden 6?... 91% 91% 91% 65 Rep of Chile 8s. . 99% 98% 99 17 Re of Chile 8s. '28 99 % 99 99% 67 Rep of Cuba 4%a. 72 70 72 6 Rep of Urufuay 8s 99% M% 99% 134 8 of Qu^naland 7a 100% 99% 100 18 Swlee Govt 8a.... 106% 106 108 12 8 of Sao Paulo 8a. 97% 97 97% 101 UKGtBftt 5%a, *22 98% 98% 98% 77 UKGtBAI 5%a. '29 92% 91% 91% 59 u R of Brastl 8s... 99% 99 99V4 91 U 8 of Mexico 5s. 5? 50% 51% 48 U 8 of M 5a. larfe 47% 47% 47% 16 U 8 of Mexico 4a. 88 NEW YORK BONDS 1 N T C 4%s. *57. M 92% 2 N Y City 4%s. *63 92% 1 N Y City 4$. '57. .83 RAILWAY AND W ISCELLANEOCS BONDS. 8 Am Af ('hem 7%s. 95 94% 95 2 Am Cottop Oil 5a.. 73 14 Amer Smeltlnf 5*. 8014 79^4 79*4 4 Am T & T crt 6*. 102% 102 102% 17 A T ft T col tr 5a. S9% 89% 89% 1* AM T ft T col 4s. 84% 84% M% 16 A A Co ri est 4%a 83 28 At T A 8 F fen 4e 78% 78% 78% 2 At! ASF rTt 4s. *5$ 72 35 At T ft 8 F adj 4a 73 72% 73 10 A Coaat Line 4%a. 78% 9 All Coast Line 7a. 10S% 1<i3 103 1 A C L lat con 4a . 79% 11 ACL LftN col tr 4a 78 9 All Fruit CTt 7a... 33% 33% 33% 20 Bait ft Ohio 6? 93 92% 92% 12 Bait ft Ohio ref 5e 73% 73% 73% ft B ft Ohio cTt 4%a. 70% 70% 70% 12 R ft Ohio fold 4s.. 71 70 70 17 11 ft O pr lien 8%e 87% 2 BAO 4a. PLEftWV 68 4 BftO 4s, JTkT dir. 56 1 B ft O 8%a, 8 dir. 83% .. 4 Bell Tel of pa 7a.. 107 1 Beth Steel ref 5s.. 83 .. 2 Beth Steel 5s. *86 . 80% 10 Braden Copper 6*. 80 12 B Kdiaon fen 7?t, D 102% 102% 1024 4 B Kdi?on fen 6*. B 94% 94 94% 125 Brk Rap Tr con 5s 80% 125 Rrk R T 7s Tr ctf 29% .. 5 Brk R T 7s Tr c at 61 1 Brk Rap Tr cvt 4a 32 1 Buah Term Bldf 5s 79% 3 Can Northern 7?T. 104% 104 104 21 C#na Nor deb 6??a 101% 101% loi% 3 Cent of Gu R> fct. T?4 93 94 2 Cent Pec ftd 4a.. 76% 5 Cent Pac 8h Le 4a 73% 4 Cen JIR of N J 5a 96% 96 96% 50 Cer de Pas cvt *s 110 109% 110 54 C ft Ohio CTt 5s... 83% 82% 83 2 C ft Ohio fen 4%s 77% 3 C ft Ohio *Tt 4%s. 79 1 Chi ft Alton 8%s.. 87% 5 C B ft Q 4a. Ill d. 81% 5 C B ft Q Joint 4a.. 79% 42 CBftQ joint 6%a. ? 103% 103 103% 1 Chi ft^rie Jat 5-. 81 10 Chi Great Weit 4s 51% 51 61 3 CMftStP crt 5a. B. 61 60% 61 6 C M ft St p ftn 4a 70% 15 CMftStP crt 4%a.. 60^ 60 60% 6 CMftStP rff 4%*. 54 53 % 53^ 30 (MftNtP 4a. '2S... J4\ 74% 14\ 3 CMftStP d 4a. '84. 54 53% 54 4 CMftStP 4a. P??f S 62 2 Ch ft Nwn 6%e.. 108% 108% 103% !? Ch ft Nwn Co 7s.. 103% 102% 103*^ 5 C 71 I ft p ff-m 41 74^ 7 C R I ft p R r 48 <2% 71% 71% I Ch StMin ft O d 5a 101% 3 Ch Cn Sta 4%a A 84 *3% 83% 3 Ch Un Sta 6%?... 108% 10*% lOSfc 6 Chi ft West Ind 4s 63% 63% 63^ 1500 Nevada Ophlr .... 31 30 31 1100 Nlpi?ainf 5% 5 5 1000 Ohio Copper 12 1500 Ray Iierculea 26 50??0 Rex Cona 9 .. .. IOOO Tono Cash Boy ... 5 400 Tonopah Divide ..71 70 71 100 Tonopah Mininf .. 1% 1200 L'n Eastern 2A 2% 1000 u S CoiK'l 46 .. .7 500 Yukon Gold .?... 1% BONDS. 1 Allied Packfrs Ca. 47 6 Aluminum X/i 00% 12 Am T A T f.% 1922 99% 99% 99% 1 AM T ft T 6s 1924 9S 2 Anseoad* 6* ..... 91% 91% 91'* 9 Anaconda 7a 1929 96% 96% 961ij 2 Anglo-Am Oil 7%a 102% 11 Ap*our ft Co 7s.. 100% 100% 100U 2 BeaTerboard 8a ... 69% 69 69 16 Bethteh 8tl 7? *35 98% 98% 9S? 14 Beth 8tl 7s 1923.. 9ft% 98% 9S% 5 Beth Stl 7s 1922-. 100% 3 Cana Nat Ry K 7s 102% 37 Cuban Fel 7%s... 95% 95% 95^ 4 Col Grapho ft* ... 40% 40% 40% 2 Cone Gas 8a 100% 100% 100% 8 Copper Ex ha 1924 102 101% 101 y 2 Copper Ex 8a 1925 95% 95% 95V* 19 Gulf Oil 7a 101% 100% 100% 2 Helm Co 7? 100% 69 Humble Oil 7a ... 9S% 9^% 98% 14 Inter R T 7a 73% 75 75* 10 Inter R T 8a 76 74% 76 7 Kennecott?Cop fa. 97 10 Llbby McN *s 97% 97 97V 22 NY NH ft H 4s.. 00 59 59 11 Phlla Co 6k N7% .. 3 Seara-Roe 7a 1922 98% 16 Sears-Roe 7a 1923 99 98% 98* 9 S O N Y 6%e 102% 102% 102% 18 SolTey et Cie 8s.. 102% 50 Sou Ry 6s J9% 99 96^ 27 Souw Bell 7a 99% 99 96V 9 Swift ft Co 7a ... 100 99% 100 2 Toledo Traction 7s 98% 1 Texas Co 7a 100% Tb'w? 1 5 Chile Cop crt 7b.. 26 ChUe Cop col tr 6* 11 CCC 4 8 L db 4%s 7 C C C A lit L (h . 7 Colo Poel &15... 2 Colo A Sou lit 4*. 1 CRLAP rff 4%s... 14 Cons Gas crt 7a... 100 Cuba Cane So# 7*. 1 Cuban RaUroad 2s 2 Del A Hmf ref 4a. 6 Del A Hudson 7s.. 6 D A Rio iir con 4s 18 Det Edl rff Is, B. 1 Det Edison &>, '40. 9 Det R Tunnel 4%a 8 Det Un Rwys 4%s 8 D Match deb 7%a. 48 Dap de N P 7%a.. 18 Doq Llfht 4 P 8s. 8 Erie fen lien 4s... 11 Erie cvt 4s, ser A. 18 Pis Cen A Pa 6?.. 5 Ptsk Rubber 8s... 8 Kt W A Rio Or 4s. 8 Georgia Psc 6s.... 2 Gen Elec deb 8s... 11 Gen Elec deb 5s... 18 Goodyear T Co Id. 28 G Trunk of Can 7a 48 G Trunk of Can 8s 61 Greet Northern 7s. 8 Hoc Val 1st c 4%s 18 Hud A M r 5a A. 68 H A M ndj lnc 5s 1 111 ten 8%a 1952. 1 111 Cen 5%s 8 111 Cen rff 4s.... 8 111 Cen 6%a 8 111 Cfn 4s 1858... 5 In-Met 4%s T ctfs 33 In Rap Tr ref 5m. 41 In Met Mar sf 6s. 1 Kan A Mich 1st 4s 10 Kan City Sn 5s... 6 k City Sou 1st 3*. 19 K City Ter 1st 4s. 16 K Sprinf field T 8s 1 Keok A Des M 5.. 6 KCELAP 6m. '97.. 1 Lark Hteel 5s. '23. 7 4 2 1 .> 1 1 1 6 5 15 4 19 11 3 9 1 i 61 10 81 18 1 9 20 6 4 2 5 1 2 8 15 31 2 5 3 36 5 8 11 11 3 3 6 2 4 5 1 6 ?l 29 9 1 141 5 1 29 10 2 16 1 2 33 162 8 3 28 99 10 7 2 3 23 25 37 2 6* Lehigh Valley 6a.. Liffett A M 7a... Lorlllsrd Co 7a.... Lorillsrd Co 5s.'.. Louis A Nash 7s.. Lou A Nssh uni 4s L A N Pt L dlr Louis A Ark 5s... Msnlist Ry con 4s Map Ry c 4s t ex Market H Ry c 5s Msr Oil 8s War.. Mez Pet 8? Mich On 8%a ... Mich C<n d 4s 'r* Mich State Tel 5a. Mid Hteel ct: 5s. Mtftn A HL r e 5a Minn A 81, 1 r 4s M HP A 88 M 6%a Mo K A 7 1st 4s Mo k A T rff 4*.. Mo Psclfic fen 4?. MAOStLAC 4* . . . National Tube 5*.. N'YCAHK 3%s NYCAI1R deb 6* . NVi AHR rAl 4%s NYC AH R eol 7a... NYCAHR deb 4s.. NYCAStL deb 4a.. NY Nil AH c 6*. '48 N Y O A W fen 4s N Y H Ry con 4%a N Y Tel deb 6s . N Y Tel fen 4%s. N Y W A B 4%s.. Nlsfsrs rslla I' 6* X A Sou 5s, ser A. N A Went crt 6s.. Nof Psc r?e H?n 4s Nor Paciitc fen 3s. N 8t*t?*s I' 1st 5s. North B*ll Tel 7s. Orefon A C 1st 5* OrefOn 8 L rff 4s. OrefWR A N 4s. Pac Gas A Elec 5a. Pacific P A U 5s. Pac Tel A Tel 5s.. Packard Motor 8s. Pan Ira P A T 7s. Pa R R 7s. '30. ... Ps R R 5s Pajl R fold 6%a Pa It R G M ?fcs P G A C of Ch 5a. Pere Ms rq rff 5a. Phil Co cvt deb 5s Port Ry L A P as Pub Her M N J 5s. Res din* gen 4s ... R Gr A W 1st 4s. It Gr A W c tr ss Rock I A A L 4%a Rome Wst A O 5s 8L IM A 8 fen be HL IM A H ref 4s 8LAHF pr in 4s, A StLAHL 5s, ser B. HtLASF f*n 6s. C. 8t L A S^T sdj 6s. Ht L A H P inc 6j. St L HW 1st 4sv .. Ht L HW Terra 5s. R A A A P 1st 4s. 8 Air Line rff 4s. H Air Line adj 5s. H Air Line con 6*.. Sine Oil crt 7%s.. Sou Bell T A T 5s Rou Psciflc crt 4s. Sou Pacific rff 4s. Son Pac col tr 4s.. Sou Rwr con 5s. .. Sou Rwy iff a 4s.. H Oil of Csl deb 7s H A T Co of A 7s. T C I A R R f 5s Texss A P 1st 5s.. Third Ave rff 4s.. Third Ave sdj 5s . Tide Oil Co 6%s . Union Pacific 6*... Un Pacific 1st 4s.. Un Pacific cvt 4s.. Un Tank Car 7s... U H Real 4 I 5?... U 8 Rub 7Via. *3 U 8 Rubber 7s... . U 8 Rubber 5s.... U R Stl a f 5s.. . United Drug vs... Utah A Nor 5s.... Utah P A L 5s.. Vlr-Car Chem 5s. Vlr-Car Chem d t* Vlr-Car Chem 7lis Va Rwy 5s Wabash 2nd 5s.... Wn Eiectric 5s ... Wn Maryland 4s.. Wn Pacific 5b Wn Union col 5s. Wn Union 6%s .. Wn Un r e 4%s.. West Shore 4s.... We*tlng E'ec 7s.. Wilk-B A E 1st 5s Wilson A Co 1st 6s Wilson A Co cvt 6s Wise Cen fen 4s.. Hie*. 96 76 83 94 ?3% 81% 103% 58 64 81 103*4 67% 94 88% 79 % 58 105* 89% 95% 42% 88% 95% I* 80 99% 104% 80 108% 108% 95% 108% 74% 71% 42% 98% 93% 77% 108% 78 9% 54% 88% 71 79% 5? 74 99 85% 100 95% 100 108% 108% 86 V 105% K8% 54 % 73 55% 56% 76 95 96% 78% 82% 92% 78 85 85 99% 66 5i% 56% 78% 91V, 6?% 95% 79% 108% 81% 78 52% 62% 53% 95V, 85% 82% 95% 46 102% 77% 57% 82% 104% ?3% 84% 73 82% 82% .15 91 1<>3% 101% ?07s 77% S4% 99% 72% 70 76% 60% 58 73 r>9% 90 75 63} 65 48% 70*, 6*S 65 35% 18% 42% 93% ?W% 84 7*% T*% ?6 58% 105 *2% :?1 *2% r.rv 36% 97% 101 82% 8<*4 102% !?2\ 1'*'% WS 79% 95% 9V% 94 53 94% *9 93% 85% v0% rs 80 8*% 192 S3% 73% 108% 54 92 SR% 71% 78% 82 98% 193 55% 108 98% 78% 98% 95% 42 88 95 68% 103% m ?5% 108% T4 71 42 54% 82% 79 58% 78% 98% 108% 55% 75% 95% 72% 92 77% 65% *?6% 78 95% id 95 83% 32 77 57% 82% 104% 93% 82% 97 103% 88% 101% *>% 76% 09 57% 62% 76% 90% 64% 4*% 70% 34% 18% 41% 93>% 83% 77% 92% 85% 97% 82% 88% 79% 95 98 87% 84% 88% 102 83 102% 91% 88 1(13 80 89 85 Do You Know the Full Earning Power of Your Dollars? n>e Profitable Bonnets of the NATIONAL MORTGAGE and > INVESTMENT CORPORATION, Which Is Manajed By CoBMrvatiTe and Experienced Washington Men, Assures Beyond Any Reasonable Doubt SAFETY OF INVESTMENT FUNDS -WITH FULL EARNING POWER OFFICERS AND DIRECTORS H. Rosier Dulany L. E. Brenninjer PRESIDENT VICE PRESIDENT William D. West L. Kemp Dsrral TREASURER SECRETARY AppUton Clark, Jr. Harry C. Bine C. S. Taylor Bnrke Fred T. Dubois H^Prescott Gatley Thomas Bones Harry A1 Kite Frank J. Hufbes Jams A Bailey . - v A pocfion of the Stock of the National Mortgage and Investment Corporation Is being offered at the same price paid by the officers and directors. Subscriptions are received by the Hughes Finance Corpora tion, 1418 Eye St. N.W. Fhones. Main 8S3 and 864. p. LOdAL . B. HIMa * C^. HIMM RICc. Mrabera WuM?|1m ltoHi k| 1111 WuUt(joi Gu 6a. $500 at 82. Potomac EI cou 5a. $1,000 at 81. $1,888; at 88 AFTER CALL? N Potomac Elec com 6a, $1,008 at 86. $1,000 at M. W? thinetob Rr genl ?? $1,800 at 86 UoMf, call loena. 5 and 6 per cent. NOTICE?Tb? exchange rtfrttt to an* nouncc the death of Ita member Mr. E 8. Parker, who died Saturday, October 22. 1821. MIOI. Public UtUltWa. Aner Tel and Tel 4a 84 Aner Tel and Tel 4%a 88 88 Aner Tel and Tel rtl tr 6a no 80 Aner Tel and Tel conrl 0s 102% 102% Anacoetia and Potomac 6s.... 70 ?? Ana -oatla and Pot gnar ?.... 70 .. C and P Te'.epbme 6a * ?? Col Gas and Elec 6a * ?? Col tin and Elec deh 6a ?? Capital Traction R R 6a 88 ?? City and Suburban 6a ?8 ?? Georgetown Gna let 6a........ 77% .. Metropolitan R R 6a 82% .. Potomac Elec Lt 6a.......... W ?? Potomac Elec cons 6a 88 ?? Potomac Elec Power 8a 86% .. Potamac Elec Pow GM 8a.... 8T .. Waah. Alex and Mt V 6a 26 Wash.. Balto and il. 6a Washington Gna 6a 82 Waablnfton Gaa 7%a 102% 108 Waah Ry and Elec 4a 50 50% Waah Ry and Elec Q-M 8a ... 82% 86% T> C Paper Mfr Rlgga Realty 6a (kmg) M Uigga Realty 5a (abort) 84 flee Ktff and Safe Dep 8a Waah Market 5a. 1827 78 "Wash Market 6a. 1847 77 W M Cold Storage 6a 75 .. STOCKS. Public Utilities. Amer Tel and Tel 10*% Capita: Traction 87% 88 Columbia Gaa and Elec Rastera Lt and Fuel Washington Gna *48 50 S and W Steamboat 1*? W??h Ry and Elec com 25 28 Waah Ry and Elec pfd 67 58 Waah. Bal*o and An com Waah. Balto and An pfd Wa?h Va Ry com .. Waah Va By |tfd. Rati opal Banks American 155 1W Capital 185 1M Columbia 1"*" .. ? MRimrrrial 187 .. Dlatrlct 168 Farm and Meek 21" Federal 170 180 Liberty 138 I Incola *165 Vat Metropolitan 210 Riffga 450 X^-ond 145 165 Washington 180 Trnat Companion. Amer Sec and Trust 218 Continentul Trnat 100 104 National Bae and Truat. *774 In loo Troaf 118% 120 Waah Loan and Truat. *280 275 Savings Ranks. Commerce and Barings 165 F.aat Waah Baring Bank 12% *.. Mcrckaata Bank 147 Bee Bar and Com Bank 2"7 260 Seventh Street Bar Bank 150 I'nlon Baring* 112 L* B Sarings Bank .. Washington Mechanlca 25 ?? Fire Insurance. Amer Fire Ins 225 Arlington Fire In* 8 .. Corcoran Fire Ins 115 .. Firemen's Fire Ins 3" Nat Ur.lon Fire Ins 7% .. Title Insurance. Columbia T!tle Ina 4% 6 Renl Estate Title Ina 80 Miscellaneous. Col Grapbophoue com 6% 4% Col Grapbophone pfd D C Paper Mfg Co 75 D C Paper pfd '.reene Cananea Merck Trana and Storage 115 Vlergenthaler Linotype 122% Old Dntch Market com 6 8 Old Dutch Market pfd J 8 Lanstoc Monotype 71 72 Security Storage 21U ? Sec Stge and Safe Dep. .. Washington Market 24 '?Ex-dir. FOREIGN BONDS (Furnished by W R. Klbbe * Oe.) Berlin 4s 6\ 6\ Greater Berlin 4a 6% 6% Bremen 4%a ' 8% 8*-. Coblena 4a 7% 7'a Cologne 4s 7*k 7% I)re>den 4* 7\ 7%, Dreaden 4%s 8% 8% I Duesaeldorf 4a 7% 7% 1 Frankfurt 4a 7% 7% Frankfurt .r* 10% 10S Hamburg 3a 6% 6?* Hamburg 3?,a 6% fiu, Hamburg 4s 7% 7% Hamburg 4%a. ... 8% 8>4 Leipxlg 4%a 8% 8% I-elpxig 5* 8% 8% Munich 4s 7% 7\ German Govt 3a 6% 6** German Gort 8%s 6% 6% German Govt 4s German Govt 5s 6% 6% Krupp 4a pi, Badlache Aniline 4%s.. 10% 10% Allegm Eleck Gee 4%s. p*. p% Meininyer Bank 4s 8% S\ French 4s 48% 48% French 5a .Vt\ 58% French Premium 5a.... ?? ?W British Victory 4a 3??9 3<*9 National War Loan 5s.. 4?7 4??7 War Ix>an 5s 358 838 Italian 5a Si* 22 Italian Notes. 1025 40 % 40% Belgian ltea 5s 66% 06% Belgian Premium 5e 72 72 Equipment and Coppers Strong, While Rails Retain Firmness. SHORTS ARE ACTIVE Selling Activity Followed by Considerable Volume of Short Covering. NEW TORE. Oct. *4.?In moderataly active trading. the itock nrtrtat. stilt largely In profeeaional hands. dis played a Arm undertone. Opinion continued extremely skeptical as to the likelihood of a railroad itrlk? and the foreign news left practically no Impression on prices A brief war# of short selling at the ?tart was fol lowed by a conslderabls volume of Short covering. Equipment and cop per stocks were notlce^ly strong and rails were firm throughout Oertaln of the Independent steel Isiues reacted on the basis of the cot In rail prices and foreign olU also lacked atreagth. Domestic oils, however. were still te demand Call money opened at I per cent, went to ?H Shortly after 1 o'clock, and to ? per cent at the start of the last hoar. Tax Action a Factor. The stock market would undoubtedly hare made a better response to the railroad strike news today If that factor had not been counterbalanced by the Senate committee's action In reporting out the tax revision Mil containing a maximum surtax rate of BO cents. Although sentiment In the Senate turned definitely toward this high rate a long time ago. Wall Street entertained some hope that a com promise would be effected between SO per cent and the M per cent rate which was embodied In the House bill. The worst aspect of the Senate tax bill" Is Its disillusionment of Wall Street on the score of Washington s attitude on big economic problems. The only other development oyer the week-end that might haye become a factor In the stock market today, was the attempt of the former Emperor Charles was making to regain the Hungarian throne. Aa a guide to the political Importance of thla coup, tne market community took Its cue the foreign exchangee. When the In itial ratea revealSa no uneasiness abroad, the market practically Ignored the Hungarian situation. Steel Situation. The speculative community gave full consideration over the holiday to the reduction of ?' a tonlnthe prtceof steel rails, announced by the bteei Corporation on Saturday and opened for business this morning apparent^ convinced that the tower price. ??? ?H r rzz ?l *,oC^ strucUve from a long rs^is point. Undermalntenance of roads has been pointed out recentl hs one of the principal i the carriers have been able to re port such ~^*bie 'm^v^tl" earnings for The Street believes 'hat economio, along this line hsve crested a gre? | potential demand for rail. and that in reducing 1U prices, the Stee Cor Cr?on is making a strong 'bid for EST business. The steel stocks made | no definite movement In either direc ^Met^spaoulatlon on the earnings i . .t!ment that will be made public L the Central Leather Company te non^ engsged Wall Street's a?en i?on during the dull ' r-noffleial atatements of earnins wltliat any psrt ?f th. 'l?be nc laid to Inventory write-oft The P era.ing loas alone waa >????*? There haa been a notable improve ' rt m the leather Industry smre early summer, but the most <*?"*** of " parties Interested In Oemral I>esther do not believe that the .* vantages derived by the company were more than sufficient to change deficit of ??.:si.000 into a small surplus WE mvt. SELL AM) Hl'OTE IJ.ted ?ixl Caltated SUx-k?. Boodv Municipal and Isda.trt.1 Secorttte.. B?nk Stock*, rorelgn Bowl-, rorelgn ??? dance, and Sew Tort. Bo.too Ckleugo Curb " " r<,# "* the market t? buy or sell. Call. Write or Pboee Mala S*3 RIEMER & CO. I Why burden yourself with the care of your estate? A Living Trust gives us the care and you the benefit Ask for our Booklet "Safegiar&f the Futare. THE WASHINGTON LOAN AND TRUST COMPANY Dowitowi Office: West U ?00-902 F Street (1S42I 17tk Street JOHN B. LARHER, Presxiemt # V. . t ?I 1?