Evening Star Newspaper, February 14, 1928, Page 14

4, ¢ FINANCIAL,® INDUSTRIALS FACE HEAVY COVERING Movement Begun Saturday Continues With Upward Trend Noted. BY GEORGE T. HUGHES. Special Dispatch to The Star. WALL STREET, New York, February 14.—Trading on the Stock Exchange was resumed after the extended weck end In the same manner that it left{ off Saturday. felt mainly in prominent industrials which had been under pressure at in- tervals during recent sessions and were | responsible for much of the early im- provement. The movement of prices was by no means uniform. although the upward movement predominated in most groups during the greater part of the session. The news from the steel centers over the holiday continued optimistic, and there were prospects of further in- creases in price schedules. It was a question, however. whether a quicken- g of the del d was due to a gen- uine improvement in outside business or merely the desire of buyers to ob- rm< at_prevailing price s Steel toward mid- 1t above the previous m Steel gained a like Youngstown. Vanadium was the center of inter- ay section. It left off last week at 647, and fluctuated around this figure previous to today’s dividend NOUNCE: When it became known that ctors had declared a special dividend of $1 on the common, the stock had s sudden run up of more than a point. But the improvement was short lived. Union Pacific was the best acting of the old line dmdend pavers selling at a new high for the ar at 194. Delaware & Hudson and Hudson & disposed to do better, but group were 1 changed. The oil shares continued to reflect expectations of very unsatisfactory re-| of leading com- others of the off in \olume in the theless there were a ties that continued to One of these was City afternoon. number of spel up. ) umch rose from the pre-| vious final of 73': to above 80, a new high record. It was significant that such stocks as Congoleum Nairn, Johns-Manville and others known to have the support of powerful banking interests were among the favorites. Gold Dust Corporation reached a new high record. Call money renewed at 41, per cent and later went to 41, “There was some further calling of lmns but the amount was 100 slight to cause uneasiness. SILVER QUOTATIONS. LONDON, February 14 (#).—Bar sil- ver, 265-16 per ounce: money, 3 per cent: discount rates, short bills, 414 243y per cent; three months' bills, 4-“ per cent 1 WILL SELL alker Hotel 8% 1934. Bit Tosurance Exechange 3% 1 T% M 93, o I:::-lml 82105 oalite £ O $i.00. Nat. Morf. Tov. Com. new American nnoum-nn blic Service Pfd. Bid. c Bid ON HOMES 5Ya% .7 tion to appli- cations. Interest Run for five vears with- out curtail- ment. Wm H. Saunders Co., Inc Founded 1857 Main 1016 1433 K Loan Correspondent for the Provident Mutual Life Insurance Company of Philadelphia Second Trust Money Available ¥ amount on homes, apartments. business properties. First Trust Construction Loans For 3—5—10 Years Mcodercte Rate—Prompt Action -Real Estate Mortglg_e & Guaranty Corporation /Main 1403 26 Jackson Place wer a Thrd of & Contury’s Crperence Management Service covers all classes of Washington property, busi- ness and residential. Our methods are practical, economy-serving and efhi- cient I you have sn eye o bigher income from your property, it will pay you to use this service, Covering operations were Atlantic Coast Line were; NG STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Open. High. Low 2:55 Abitibi Pow(n). 77 7819 T6% T8 Abr&Stras 1%pt 112 112 112 112 Adams Exp (6), 293 293 293 293 Adams Ex Dllfi) 96¢ 9614 964 96l Adv Rumley... 14 14 13% 14 Adv Rumley pf.. 424 424 41 42 Ahumada Lead.. 3% 3% 34 34 Ajax Rubber. ll"i 11% 10% 10% Alaska Junea... 4 3% 3M Albny Pap pf(7) 109 109 109 109 Allied Chem (6) 1521 153'% 1523 152% Allied Cm pf (7) 1 Allis Chalm (6). Amal Leather Amerada (2)... Am Agricul Chm TAm Acri Chpf.. Am Beet Sug. Am Boseh...... Am Br Shif160) 46l | Am Brown Bov. 17 Am Brown Bo pf 62\ Am Can (2). 81% AmCar&Fdy(6). 107's ll‘ | Am Chicle (3).. 75% Am Drug (80¢).. 124 Am Express (6). 185 Am & For Pow.. 244 Am Ho P (240). 63 AmlIce (t3%)... 82% 327% Am Ice pf (6). 93 93 Am Internatl(2) 6 6 3% 5% Am Loco pf(7). 127% AmM Fy pf(7) 2204, 22 Am ”.lll' 3).. 43 B Am Plano. 214 Am Prno pfi7). & Am P& LU 66y 66% Am Rudiator «5) 133 133 Am Rv Expi6) Am Republie. .. Am Safe Razu4). Am Seating (3). Am Ship & Com. Am Smelting(8) 1824 AmS & Rpf(7). 134 Am Snuff (12).. e 134%2 134 3 1581 153 15Tis Am Snuft pf (6). 107 107 107 107 Am Stl Fays (3) 61% 61% 604 60 Am Stl Fy p£(7) 1141 114% 1141 114% Am Sugar...... 57 59 56y 57 Am Sugar pf(1). 104 104 103 = 103 AmSumatra.... 56 57% 56 56ly AmTel&Ca(5) 30 30 30 30 Am Tel & Tel(9) 178% 178% 178! 178% Am Tobacco(8). 1631 1644 163 163 Am TobaccoB(8) 1641 1641 164 164 Am Tobac Df(6). 118% 1193 118% 119%! | Am Type For8). 121 121 120 120 Am Tyve pf(7). 1131 1131 113% 1134 {Am WW&Ele1) 58 58 57 {AmWWist pf(6) 104% 104% 104 104 | Am Woolen. 23% 2% 23 Am Woolen of . 59 624 59% | AmWrPa vfcfs. 454 4bl 454 | Am Zine. .. Am Zinc of .. Anaconda (3). Arch-Dan of (1 ArmourDel pf(7 Armouroflli(A) Armourofill(B) 10 10'3 Armour 11l pf(7) 804 Arnold Con&Co 47l 4Tl Artioom (3).... 42 424 i Artdlenl (1%). 274 27w 2Tw 274 Asso Drv Gezla) 4dls 44 44 | Asso DG 1st (6) 111 111 111 1 Atchison (110).. 1881 186% i85t% 186 | Atch T&S Ferts. 3% 3% 3% 34 Atchison pf (5). 1031 103l 103' 103y AtiCoast L(t10) 177 177 177 177 Atl Refining (4) 100% 101 100 100% Atlas Pow f (6) 107' 107% 107' 107% Atias Tack.. 13 1% 184 19% d 4% sl sis sis 3 veco B4 B4 8% Bh AuwnnnAu). 45 4 4 Baldwin Loc (7) 243 243 243 243 Bald Loco pf (7) 121 121 121 121 1% 110% 11t 111 80 80 80 80 Bang & Ar (3%) 7% T4 77 «7 Bk Comerce t18. 567 567 567 567 Barnsdl A(b2i) 22% 22% 22% 22% Barnsdl B(b233) 22 22 22 22 Bayuk Cigars... 119 119 117 117 Bayuk 18t pf(7) 108% 1087% 1087 108% Beacon Ofl..... 14% 15 14% 14% | Beechnut (13).. 80w K0l 794 80 | Belding Bros (2) 19% 19% 194 19% Belg Rys pf 4.12. ¥5%a 86 85 86 | Best & Co (3)... 58 58y 57w 5T i Bethiehem Steel 60% 61% 5913 60 Beth Stipf «7).. 120% 121 126% 121 | Bloomingdale... 414 4l's 41's 41% !Bon AmICIAG) T4 T5 T3 443\ Booth Fisheries. 6 6% 6% | Borden Milk «6). 170 170% 170 140\1 Boston & Maine. 59'% 59'%: 591 594% Botany C MillsA 20% 224 20's 224 | Briggs Mfg Co.. 2% 22% 22% 22‘1 [ British Emptre. 3% 3" 3‘»‘. British Emp 2d. 8 Bklyn-Edison (8 232% 234‘6 2'11 Bklyp-Man (4). 57% 59% 57% Bkiyn-Man pf(§° 88 #8% K8 BrownShoe(2%4) 49 49% 49 Brunswick B (3) 31% 31% 30% | Brunswick Ter.. 1% 18l 17% | Bucyrus-Erfe (1) 26% 26% 26% IBucvrul ev (2%) 35T 35T | Buff R&P pf (6) 100 | BurnsBros pf(7) ! Bush Ter de (7). 1349 164 164 94 283 58Y% 110% 11Fs 110% 111w LA 4 4y A% | Butte&Super(2) 11% 1l 10% 10% | Butterick Co.... 47% 4T 46 47a | Rver& Co...... 110% 1114 119 110 By-Products (2) 7l 7l T0% 70% | Calif Packe (4). 1 Pe: f5. | Calumet & Arc | Calu & Hecla (2) 227 |CanDry G Ale(2) 68 6'3 66% 68Y% | Can Preific (101 208 208 20214 203 |CarCi&Ohio (2) 91 94 94 94 | CaseThreshz(6) 260 268 260 265 \ Cent Alloy (2).. 0% 30% 30% 30% | Century Rib M.. 12 125 11% Cerode Pascot4) €5 65 65 | Certain-Teed (4) Ir4 ¥ 57% Certo Corpn(t4) 74k T4 T4 | Chat-Ph BK(16) 645% 645'% 645% 645 Ches & On10o110) 192% 194 192% 194 C & O Corun (3). 6% 6% 6% 224 22% 76 Chi & Alton of.) Cnb & East 1001 65 5 Chi Great West, 10% 107 ChoMi &SP, 16 165 Cht MII&SIP pf, 31'a 81 CM&StPefs.. 155 C M&SIPufets, siw 1% | Chi & Nwn (8).. Kl k2 | Chi Pne Tool (6) 133 1 Cnt Rock Is (5). 10k 104 CRI&PUL(B). 102 102 CR1&pVI(T).. 107 107 | Cht YeliowCi4), 597 | Cnilas (2.40) 40 41 HeCo(2%).. 4l Chrysier Cor (2) % LY | ¢ 151156 6 7 w0 0 9% 108 102 107 36% 46% 40% 108% 102 107 luett-ies pI(7) Coca-Colw (6). .. Coliine & Atk(4) Col Fuel & lron., Cuolo Bou 18t (4) Col Gas & Kl (L) Com bll\thlll ). Cum Pow (2'4) . Cungoleum-Nair £ Clears (4). CousolGan 1247} Cout Beke A (4) | Cont isukiug B.. Cont Buk of ($). | Cont Can (8). .. | Conr Yuwur (6).. | Cant pont (80) Corn Fron (13), | Corn Proa vt (T) Cory Ine (k5. . ucitiest eei (6 scibie ufi1).. s Cane Suga Cuta Cane Su ut Cubs Company . . uban Am 8 (1), Aahy Pig (4). 20 % | Cuyamel ¥ruit. . L2 Davison Chem. . £ :huu&ln UIOT). 1R 1R 11K Del & Hua (9)., 168'% 166 166 Del L& W (17). 1i% 1¢i% 18i . High, Detroit E4 (8).. lfiflh 180% 1804 Devoe & R(2.40) 50 50 49% Diamond M (19). 1556% 155% 156% Dodge Bros ClA 19% 197 19% Dodge pf (7).... T1% 71% 70% Dome Mines (1), 12% 12% 12 Dunhill Int (4).. 62 62% 62% DuPont deN(10) 329's 329% 326 Eastman (18)... M7'i 167% 166% Eaton Axle (2).. 30 294y Fisenlohr & Bro. ll"‘A 16% 154 Elec Auto L(6).. 117t 116'% Electrio Boat... 131 131 Flec Powr & Lt. 32w a2t Elec P&Lt ot (7) 107% Klec Refrizeratn Klec Star Bati5) K1k Horn. . Elk Horn pf. £nd-John 1§ Engineers Py Engnrs PS pf(7) Equit Blde (7). EquitableTr(12) Eureka V (11§).. Fed Ligt(h1.40). Fifth Ave (64c). Fid Phoe Ins(5). First NatS(1%) Fisk Rubber. ... Flelschmann(3). Foundation Co. . Fox Film A (4). Fox Film (rts). Frank-S of «7) Freenort (+%) Fuller pr pf(6). . GabrielSnhiig) Gardner Motor. . Gien Am Tnk4). Gen Asnnalt. Gen Rake nf () Gen Cable A(4). Gen Cigars 4).. Gen Eleo (15).. GenElec sp(60c) Gen GasA(o1%) Gen Motors (5).. Gen Mot pf (7). Gen Outdr Ad(3) Gen Ry Sig (5).. Gen Refrac (3). Gillette Raz (5). Gimbel Bros.... Gimbl Br pf(7). Glidden Co..... Glidden pr pf(7) Gold Dust (3)... Goodrich Ru (4) Goodrich pf (7). Gondyear Tir Goodyr It pf. Gothm Hos 12% . Gothm new 123 Gotham pf exwar Graham-Paige. . Granby Con Min Grt North pf (5) Gt Nor pf efs(5) Grt Nor O (1%). Grt Wn Sug 2.80 Gt West Spf (7) Gu M & Npf6). Gulf States Stee) Hack pf A(1%). Hanna Istot... Hartmn B(1.20). Helme (17).. Hershey Corp. Hershey pf (4).. Hollander & Son Household (t4). Houston Ofl. ... Howe Sound (4) Hud Man (23%). Hudson Mot (5). Hupp Mot(1.40). Ilitnots Cen (7). 111 Cent pf (6).. indep Ofl (1)... Indian Mot (1%) Indian Mot p2(7) Indian Refining. Indian Refg ctfs Ingersoll Rd(t5) Inld Stl (p76%). Inspiration Copr InterboroRapTr Intcontl Rub(1) Int Agricul prior Int Bus Ma (5).. Int Cement (4).. Int Com Eng (2) Int Harv ¢46)..., Inter Har pf (7) IntMtch ufe320) Int Mer Marine. Inl Mer Mar of. Int Nicke! (2)... Int! Paper(2 40) Int Paper of (7) Int Ry Cent Am. Inter Salt () I & Tel (6) Interty 13%) Island Creek (4) Jowel Tea. Jordan Motor... KCP& L 18t (7). Kan City South. Kennecott C(5), Kinney (G R)... | Kinney of (8)... Kraft Ch (1 1%) Kresge (11.60).. Kroger Grocicl) Lago Ol (76c).. Lambert Co(6).. Lee Tire & Rub., LehighVal(3%4) Lehn & Fink(3), Life Sav (1.60). Lig&MyersB(15) Lima Loco (4).. Liq Carb ¢ m-‘- Inc (13). Innl-l!cll |AL. Loose Wil(1 60) Lorillara Co. . Louistana Ofl.., LaOtl pf (6%).. LouisGGanAc).78) Louts & Nash(7) Ludium Steel(2) MacA & F(2.60). McCall Corp (2). Mack Truck (8). Mad SqGr (1%) Magms Cop (3). Msllison & Co. .. Mallison pf (7).. Man El 8up (5).. Man El m g (45) Man Shirt (2)... Maracatbo Otl. .. Mariand O1l. Marlin-Rock(2) . Martin-Pary (2) Mathieson Al(6) 20Mm 14m%, 82% 507 (5 LUTREY Mismi Cop (1) Mia-Continent Sfiddle Btates. . Mid Stutes O1 et Midland pferizy Minn & St Louls Mo Kun & Tex. . x pf(7) Pacifio Missour! Pao uf Montgmry W(16' Moon Motor. ... Morn&ink(3%), Mother L (b0c). Motor Met (3.60) Motor Whi (3).. Mulline Mfg. ... Munsingwr (3), Murray Corp. .. Nash Mot (15%) Nat lelius 1 Nut Biscult (8). ah HEAIS atlowkL(80c) Nut Hadistor. ... Nut Bupply (18). Nat Kurety (10). Nat Tea (4)., ¥ Nevada C(14).. NYAIrBrt),, N Y 1) 168% 160 LERLREELY Tow, Quotations to 2:55 p.m.-Flnnl Quotations in 5:30 Edition, 2:58. 180 49'% 155% N Y CStL pt(6). NY & Harlem(6) NY N H & Hart. NY NH&H of(7) NYOnt&Wes(1), N Y Rallways pt NY Steam pt (8) NY Stm pf A (7) Norfolk&W(t10) NorAm b10% stk North Am pf (3) NorAm Ed pf(7) North Pac (5). Nor Pac cfs(5).,. Norwalk T Norwalk Tire nf. Nunnally (50¢). 0N Well Sup Omnibns . Omnibus pf OppmCollins¢ H) Orpheum Cir (2) Otis Elevatr(+7) ot of (6). Ols Stee Otis Stl prior(7). Owens Bot (6t4) Pacific Gas (2).. Pao O1l Stub & Tel (' Packard Moul). Pan-Am Petrolm Pan-Am Pet tm. Parmt-Fam(i8). Park & Tiiford. . Park Utah (8 Pathe Exchange P'athe Ex A Patino M 1a2 19) Peerless Motor, Penick & Ford. . Penick&F pfe7). Penn Dix Cmt(2) Penn R R (31). Peoples Gas (8). Pere Marq (18). PhilaCo6 % pf(3) Phila&RCl.... Phillp Morris. Phillips Pet (3). Phoenix pf (7).. Plerce-Arrow. .. Plerce-Arrow pf Plerce Ofl....... Pierce Petroim. . Pilisbury (1.60). Pitts Coal. Pitts Coal p! Pitts Stipf (7).. Pitts Ter pt (6). Pitts& W Va(6). Porto Rico Tob. . Porto Rico To B. Posturh (5). Producers&R pf ProphyBrush(3) Pub Serv NJ(2), Public Serv rts.. Pub Serv pf(6). Pullman Co (6).. Pure Oit (50¢)... Pure Oil pf (8).. Purity BakA(3). Purity Bak B (2) PurityBak pf(7) lH' RadioCorpof A. 95 Reading Ry (4 9T Reading 1st (2). 44' Real Silk Hos Real Siik of (7). Remingtn Rand. Rem-Rd 1st(7). Reo Motors(t1). Rep Ir & St1 14). Rep 1 & Spf (7). Revnolds Spngs. KeynidsTobB(5) Richfield O11 (1), Rossia [ns (6).. Royal Da3.13%. St Jos Lead (13) StL&San F (18). St L&Southwest. St L Swn of (5). Savage Arms. Schulte (3%)... Schulte pt (8) Seabd Afr Line.. Seab Air L pf. Seagrave (e1.20) Sears-R (n24%). Seneca Copper. . Shattuck F G 12) Shell Un (140). Skelly O11 ¢2). ., Snider Packg Co Snider Pkg pf... So Por Ric 8(12) South Calif Ed.. South Dairtes A. South Dairles B, South Pae (6)... Southern Ry (8) South Ry pf (5). SouRyM&O cfs 4 Spear&Co pf (7) Spicer Mfg..... StAG&E (3%). StdG & B pt (4) Std M1l (5).... StandO Cal(2) StdOILNI (1) Std OIINY(1.60) Std Plate Glass. St PIGlassof.. Sterlg Prod(17). Stewart-War (6) Studehaker (5). Studebak pf (7). Submarine Boat. Sun Ofl (n1 e Symington Cl A+ Tenn Copper (1) Tex Guif Sul (4) Pacifl Tex PC&O(60¢c), Tex Land Trstn Thatcher Mfx. . The Falr (2.40). Thomp J R(3.60) Tidewater AxO11. TIAWA mnnl) Timken (15).. Tobae Prod (m). Tobac Prod A (7 Transcont Ofl. .., Transue & W(1) UAwA-EIF (4)., Un Bag&Paper Unlon Carb (6 Un Ot of Cal(2). Unfon Pas (10), Un Pacifio pf(4) Unlon Tank (5). UnitedBin(1.60), UtdCgr8t(Csue) Utd Cgr 8t pt(6) United Drug (9) Utd Drg 18t (3% Ut Frult16%) Utd Paperboard. UBCIPEF(10) 2 U 8 Disrributing U8 Distri pt(7). I‘:H Hoffman (4) 1] HAI(’oIIoHl). znkl mum-v w 146% U 8 Steel pf (1), 1t U 8 Tobacco(3). Unt Leaf Tob(3) Unt Plpe & R(2), Utl P&Lt A(e2). Vanadium (14). Vick Chem (4).. Victor Tik Meh, Vietor o pf (6).. vlomr brof (7). Wataah lnl A Waldorf (1 ) Walworth (1.20) Ward Baking B3, Warner Flo A Warner-Quin(2) Warren Hros(4), Warrenist pf(3) WarFaPipe Cor. 10y W Fenn Kl pf(8) 102w W Penn Kl pf (7 1111 Waest P Po (8)., 1004 110 West P Popf(T) 116 116 DatryA(s) bbw bow BoYy Bhty . High, " corporations _will {a8.00; Went I'agifio I D. C, TUESDAY, FEBRUARY 14, 1928 HUGE PROFITS DU 10 VALENTINE DAY Millions of Dollars Added to Business Coffers Through Anniversary Observance. BY J. C. ROYLE. Special Dispateh to The Star. NEW YORK, February 14.—Today, February 14, proves the fallacy of the old theory that there is no sentiment in business. St. Valentine’s day this year also is acutely illustrative of the fact that there is business in sentiment. This holiday undoubtedly will mean the ad- dition of tens of millions of dollars ot receipts to merchants, public utility companies and other business men throughout the United States. The printers and publishers naturally will benefit first. Their products this year are probably as elaborate as in any season ever known, but the price levels of those products have been ma- terially reduced. This has been brought about by a tremendous volume of pro- duction and distribution by means of the chain stores and 5 and 10 cent es- tablishments. The volume of business done in valentines by the two most im- portant 5 and 10 cents store chains will | run into tremendous figures. | Adds to Government Revenue. The delivery of these valentines will | mean additional revenue to the United | States Government, although it will also | mean heavy additional work to the al- | ready burdened post office employes. Railroad and airplane transportation benefit incidentally. The prices of valentines, in most cases, have dropped approximately 75 per cent in _the last five years. Florists and candy manufacturers all over the country made preparations for a record-breaking business today in bouquets and boutonnieres of various types and sizes and in candy. No small amount of the florists' business has been transacted this year by means of the telegraph and through the working ar- rangements which the florists have with each other in various parts of the | country. The telegraph and cable companies | have prepared for a service this )ear“ which bids fair to rival the volume of greetings dispatched at Christmas and | New Year. Service on the telephone, which was extremely heavy at best, ow ing to the Lincoln’s birthday holiday, was still further congested by valentine greetings sent by word of mouth. The long-distance lines benefited to an ap- preciable extent from these toll mes- | sages. | Amusement Enterprises Gain. It is estimated that the Lincoln holi- | day followed by St. Valentine's day meant an increase of between $100,000 and $150,000 to the amusement enter- prises of New York City. The theaters | and amusement resorts of every other town and city in the country benefited | {; to _some extent. The theatrical enterprise, especially, ! needed the encouragement. While busi- | ness in New York for some productions | has been remarkable this season, there | has been a steady line of failures. Mov- | ing picture theaters have been com- plaining with increasing intensity of the business which they have experienced in the last six weeks. This perhaps is also to be taken as a tribute to the indus- trial activity of the country, for it is in times of depression as well as in times | of extreme prosperity that the moving picture theaters assemble their largest audiences. The dropping off in busi- ness, however, has not been so much | $73,000,000 REPORTED FI.\'ANCIAL. MERGER PLAN EFFECTIVE. TRAFFIC OUTLOOK FAIH U s TRADE BALANGE PHILADELPHIA, February 14 (#).— 1 Western Maryland Hnnlgerl Opti- By the Associated Press. January exports from the United States were $411,000,000 and imports were $338,000,000, leaving a favorable trade balance for the month for the Nation of $73,000,000. The figures, as announced today by the Commerce Department, indicated a slight decline in the foreign trade total for the new year, as compared with last year, when January exports were $419,- 402,000 and imports were $356,841,000. Gold exports from the United States for January were $52,086,000, offset partially by imports of $38,320,000, with the result of decreasing the country's gold stock by $13,766,000. While the January outflow of gold was much larger than that for corresponding months in recent years, it was consider- ably below the exports of December and November, indicating at least a slow- ing up in the world demand for Amer- ican monetary stocks. January silver exports were $6,692,000. and imports were $6,305,000. For Jln-l uary last year silver exports were $7.- | 388,000 and silver imports $5,151,000. Washington S.tock Exchange Sales. Pot. Elec. 1st 5s..$1,000 at 10175, Wash. Gas 6s “A”"—$2,000 at 106%;, $1,000 at 108%%. Wash. Gas 6s B—ll 500 at 10915 Wash. R. & E. 45—$500 at 9315, S.Wl‘l at 9314, 8500 at 935, $500 at 93V, $500 at 9315, $500 at 93';. The consolidation of the interests of | Philadelphia Electric Co. with those of the United Gas Improvement Co. be- comes effective y. "he consolidation was effected by the exchange of more than 95 per cent of te outstanding capital stock of the electric company for capital stock of th: gas company on the basis of two shares of the electric stock, par $25, for one share of the gas stock, par $50. Under the consolidation the elcclrlc company will maintain its corporate identity. The consolidation became effective to- day. Arthur W. Thompson, president of the United Gas Improvement Co., was elected chalrmnn of the board of the Electrie %o. mistic Over Prospect. BALTIMORE, February 14 (Spe- clal). —Movement of coal over the Western Maryland Rallway is increas- ing, although the volume is not as large as it was last year. The man- agement also is more optimistic over the outlook for general traffic. Gross revenues in January were $1.576,563, compared with $2,040,615 in the corresponding month in 1927. This is a decrease of $464.052, or 23 per cent. The January showing was a marked improvement over December, however, when gross was $1.699,033, or 36.2 per cent, compared with the correspond- ing month in 1926. Coal revenues for January accounted for $326.235. or 28 per cent, of the loss for that month. Water Service Revenue. AEW YORK, February 14 ). — Properties owned by Federal Water Owing to a greater efficlency in operation, the Western Maryland rounded out the | $1.168,303 for preferred Scrvice Corporation as of January 26, 1928. show gross revenues of $10,792.- 503 for the year ended November 30, 1927. Net income was § 7.343 | After nterest charges there remained ' stock dividends. vear 1927 with a gain of $56.370 in net operating income, despite the loss of £2,393.404 in gross revenues. According to reports English women are going back to the use of snuff. In Borrowing on - Real Estate Consider These Capital Traction Co—l5 at 115, 10 Al 115, gl( 115, 10 at 115, 5 at 115, 1083, Wash. Gas Lt.—5 at 881¢. Natl. Union Fire {ns. Co.—50 at 2215, Barber & Ross com.—50 at 33. Col. Sand & Gravel ptd.—20 at 105'¢. After Call. Col. Sand & Gravel pfd.—10 at 105'; Wash. Gas Lt.—10 at 88!, 10 at 881, Capital Traction 55—$2,000 at 104’;. Wash. Gas 6s “A"—$100 at 106, 8100 at 106, $500 at 1064 $500 at 1061, iggfl at 10615, $500 at 106%;, $500 ll Wash. R & E. 45—8500 at 9314, C. & P. Tel. 55—$1,000 at 10114, Capital Traction Co.—14 at 115 Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer Tel. & Telga 4o Tel, ‘& Telza. 4% 1053 10618 03" 104 8L um\ “Chnce Club S1gs D C. Parer Mfr fa lvl ] Stock LA, Bk. 58 M. Cold Starage [ Wn G2 Wardmao Park Hotel STOCKS. PUBLIC CTILITY. SATIONAL BANK al : 3 Tl Farmers & Meel due to the numbersof persons visiting the theaters as the increase in the cost of providing them with amusement. The ! added demand for vaudeville perform- | ances in conjunction with metion pic- tures has heaped expenscs on the thea- | ter owners, as have the musical pro- grams. Baltimore Markets BALTIMORE, February 14 (Special). —Potatoes, white, 100 pounds. 125a 225 barrel, 150a3.75. sweet potatoes, barrel, 2.50a4.00: yams, barrel, 3.00a 400; beans, bushel. 2.5085.50; beets. | crate, 2.50a2.75; cabbage. hamper, 125, al.7! caulifiower, crate. 1.50al1.75; carrots, bushel, 1.25a1.50; celery, crate, 150a2.50. eggplants, crate, lal)lfifil)i R el, 35a50; lettuce, hnmpfl'” : onions, 100 pounds, 1.75a2.75; . crate, 3.75a5 00. parsnips, bas- Savoy cabbage, bushel, 40a ! 50. spinach, bushel, 1.25a1.50: mmn-i toes, crate, 250a4.00; turnips, basket, 25a50. Apples, bushel, 1.25a3.00; barrel, 3.50 cranberries, box, 6.0087.00; | grapefruit, box, 3.50a5.00. oranges, box, 3.50a5.00; tangerines, box, 3.50a5.50; strawberries, quart, 65a75. Hay and Grain Prices. Wheat—No. 2 red Winter export, 148; No. 3 red Winter export, no quo- tation; No. 2 red Winter. garlicky, do- No. 3 red Winter, gar- no_quotation. . 2 yellow, domestic, 1.05; No. 2 contract, export, 1.05!3; cob corn, new, 4.60a4.75 per barrel. Oats—No. 2 white, domestic, 64264 No. 3 white, dumrflk‘ 63a63" ;. Rye—Nearby, 100a1.10. Hay—Recelpts, 21 tons. Hay is ar- riving here In fair quantil but the demand for hay locally is v r)' limited and not enough actual business is pass- ing to establish quotations on the vari- ous kinds of grades. Range of prices about $14 to $17 per ton for good hay in timothy and clover mixed. Straw--No. 1 wheat, 11.00a12.00 per ton; No. 1300.\\4 00. Selbunrd All‘ Lme Loadings Drop. BALTIMORE, February 14 (Special). | = —The Seaboard Air Line Railway in January handled 172,012 cars of reve- nue freight. This compares with 205, 806 moved in January, 1927, a decrease of 145 per cent. For the first five days of PFebruary loadings were running about 15 per cent below a year ago Open Western Dalry B Wont Md 2d of tn acifio pf White Sew Much White 8M pf(4). Willya-Overland Wiilys.0d pf (1) Wilson & Co. .. Wilaon Co bf A.. G4 Wilson & Co pf.. Woolworth (6) Wilght Aero (2). KoM Yale&Town(16) 74 Vellow F'vuok. .. Wiy Yol I & Co pt [N Vounusin Bheb) o UNG BNy N Y Market 1 L0An T om. AN 00 e et Federal-American . Liberte 1 tonal’ Metropone Nato politan Serond tonal Bank of t Wash . k of Bethesla Shineton v Savines & Com evanth Street Unital States Washington Mechanics Natio of M com Wamn * R & Stor ntd ”mumh- Linotvne . 5125 pfd.—10 at 10834, 1 at | 051 Important Factors Length Interest Rate of Loan Reduction of Principal 809 15th St. N.W. The Metropolitan Life Insurance Company Loan Plan meets every requirement and will greatly assist in reducing expense to you. EAVER BRO! REALTORS Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company WILLIAM D HOOVER. President WOODBURY BLAIK. st V. Pres FEANK W. STONE 2nd V. Pres FRANK STETSON Trost Officer. CHAS. €. LAMBOKN. Treasurer. E PERCIVAL WILSON Secretary FRANK K. ULLMER Awt Treac BRUCE BAIRD At Tr. Officer DAVID BORNET. Awt. Tr. Officer JOHN W. CALVERT. Awt Treas W HILES PARDOE. \st Treas ALENANDER 3 FANT. Awt. See. JOHN M. BOTELER. \wt. Sec. AUDLEY A P. SAVAGE. Auditer DIRECTORS: [ TRNTIN Safe D‘ posre Boxes Capital & Surplus, $3,000,000.00 Open Until 5:30 P.M. Tomorrow and Thursday, Feb. 16 How Much You Bank on Payday —is not so important as’ how inflexibly vou ad- here to the habit. It's t h e Pavday account that's KEPT GROW- ING, which brings you soonest to financial in- dependence. ¢ Practically any amoun will open an interest- earning account, at this big bank. Why not join hands with now Same Rate of Interest Paid on Large and Small Accounts at Moderate Re National Savings & Trust Co. 62nd Year Cor. 15th and New York Ave. Oldest Savings Institution in the District of Cohbia New England Mutual Life Insurance Co. INCORPORATED 1835 Assets Liabilities Surplus Paid Policyholders Dividends Favable . ... to Policyholders i ..., New Insurance .. . Insutance in Force., ALFRED D FOSTER. Chairman DANIEL F APPEL, CHARLES 8 BAR JAMES DEAN, Trustee 0 Ate auar le fi.-:d toek n‘ us one Iu\( ot l“lfll'l""‘ -I GORDON ARHOTT Chatrman Olt Colony Prust Ov tarney and rustee VICTOR M CUTTER. treatdent Unlted Frutt Co 87 Milk Street, Boston, Massachusetts BEGAN BUSINESS 1843 In 1927 the business of the Company surpassed all previous records Comparative Statement L3NS e of the Board Directors WM A DUPER ALLAN FORBES ALFR KD D oS REG D PSS L PHILIP S Duiee DANIEL APPEL, Prestdent Meadows & Rradiee W State Street rust On man of the Board Viee President and Q! Prow R Chat BN |\\\‘h TON Presfient Oid Oy Trast Qo D. Fulton Harris, General Agent 206-207 Colorado Building, Washington, D.C. ot Harry Middleton, A. G. Grinmell, H. H Headvicks, A. F. Soleaw, Gea R. Turaer gllllHH||I|IIII|H||lHHIHI|Hl|l“HHH||lI!I|IIHMIWHMMWWIIMMMMDWlfl!wmmw