Evening Star Newspaper, December 18, 1928, Page 15

FIN BONDS FLUGTUATE IN'SMALL MARKET Traders Show Nervousness- ness Over Latin American Issues—Bolivians Improve. BY CHARLI F. SPEARE. ial Dispatch to The Star. NEW YORK. December 18.— Pres- sure was lifted from the South and Central American group of bonds today on hopes that the dispute between Bo- livia and Paraguay mi be settled without further hostiliti The Bolivian issues hesitated at the start and later improved moderately. Holders of other dollar bonds of Latin American’ countries showed nervousness, which was reflected in irregular prices as liquidation and short covering oper- ated to balanice each other, There was a heavy tone in the Italian govern- ment and municipal group, with City of Milan 6!3s off a point. ‘The improved market for industrial stocks helped a number of the con- vertibles. Andes Copper 7s, which will be redeemed two weeks from today at 110, sold up to 20’ Anaconda Copper 7s were 13; points lower at the open- ing, but later showed a net gain of several points. The oil convertibles were steady. For the present specula- tion appears to have gone out of them. The better South American situation was helpful to the International Tele- phone 4!, per cent convertibles, which about duplicated their previous high. Local tractions were conspicuously strong for no other reason than that a more determined fight will be made to obtain higher fares. The strongest members of this group were Inter- borough 6s and Third Avenue adjust- ment 5s. Dodge 6s, Container 5s, J. Kayser 5 and International Cement 5s were slightly higher, “While Lorillard 5'2s dropped back below 90 again, and there was heaviness in the sugar and soft coal company bonds. The high-grade list was not mate- rially checked by-the tep rates for time money for the year. These rates were reflected in lower prices. Mills to Suspend. NEW YORK, December 18 (#)— While Midwest steel industry is main- taining operations at better ghan 80 per cent of capacity, there will be some | rolling mill suspensions next week for year-end repairs. Mills have operatsd steadily for the past five or six months, necessitating overhauling and repairs. P NEW YORK BANK CLEARINGS. NEW YORK, December 18 (Special).— New York bank clearings, $1,909,000,000; New York bank balances, $202,000,000; New York Federal Reserve credit bal- ances, $154,000,000. AT Washington Stock Exchange SALES. Potomac Electric cons. 55—$1,000 at 2013, Washington Gas 55—$1,000 at 103%, $500 at 10315 Washington Gas 6s “A"—$500 at 105%, $4.300 ai 105%, 200 at 10315, 3300 at %. Washington Rwy. & Elec. gen. 0s— $2,000 at 102. Barber & Ross 6155—$2.000 at 94%, $500 at 9415, $500 at 94 Chestnut Farms Dairy pfd.—35 at 106%, 10 at 10614, 10 at 108%. Potomac Eleciric 5% % pid.—5 at 108, 2 at 108, Washingtdn Gas Light—10 at 103%. Washinglon Rwy. & Blec. pld—$ at 7. Bank ‘of Bethesda—1 at 73. Lanston Monotype—20 at 118%, 21 at 11815, Mergenthaler Linotype—20 at 104, 30 at 104. National Mtge. & Inv. pfd.—100 at 5%, 100 at 5%, 500 at 535, i AFTER CALL. National Mtge. & Inv. pfd.—100 at 53;. Capital Traction Co.—2 at 106, 10 at 10614, 10 at 1061, 10 at 106Y, 10 at | 10614, 10 at 106%5. ‘Washington Gas 6s “A"—8$500 at 106%%, $1,000 at 106 W;lol;}nmn Gt 6s “B"—$1,000 at 1. Mergenthaler Linotype—10 at 104, 40 at 104, b3 Bid and Asked Prices. BONDS. PUBLIC UTILITY, Bid. Asked. Ly . & Mt. Ver: ‘Wash., Balto. & Annap. 5s. Washington Gas 5s.. Wash. Gas 6s, series A Wash. Rwy. & Elec. 4s Wash. Rwy. & Elec. ge MISCELLANEOUS. Barber & Ross. Inc,, 6%as. Cham.-Venblt. Hotel %s Potomac Elec d Wash. Rwy. & Elec. com Wash. Rwy. & Flec. pfd NATIONAL BANK. National Capitol olumbia mmerciai ", histrict ... deral-American iberty . incoln e : jational " Metropolitan. 1ggs . 3 ond”">> > S National Bank of Washington. TRUST COMPANY. ash. Loan & Tru SAVINGS BANK. Bank of Bethesda gommerce & Savin United States Washington Mechani, FIRE INSURANCE. American a " E? Gorcoran Firemen's £ National Union... TITLE INSURANCE. Columbia Title. ... Real Estate Title.” ..’ Title & Inv. Co. of Md Wash. Cons. Title pfd MISCELLANEQUS, Barber & Ross, Inc., com Cheyy Chase Dairy pfd Ghestnut Farms Dairy cor Chestnut Farms Dairy -l Gol. Sand & Gravel pfd com Federal Storage 4 Federal-American 'Co. " com. Federal-American pfd.... Lanston Monotype % Merch. Trans. & Siorage Merch. Trans. & Storage D Mergenthaler ' Linotype ... & Inv. pfd Wash. Mech. Wash. Medical Bldg Woodward & Lothrop... SEx-dividend. 8% extra, 50 cents CX;KI- ANCIATL. UNITED (Saias Lib3%s.... 190 Lib1st4ys 27 1 Lib 4th 435 101 1 | US3%s43. 4 Y 1 US4%ssz. 11 Argentine s..... Argentine s Ju § Argentine 6s Oc Argentine 5155 6 Argentine 6s A. Argentine 6s B Australia 4% Australia s 1 Australia 58 1957 Austria 7s Belgium 65 | Belgium 63 s. Belgium 7s 19 | Belgium 7s 1956 Bolivia 7s. Bolivia 8s. Bordeaux 63 Brazil 6145 1926 Brazil %5 1927 Brazil Ts Braz] 8s. oo Bremen State 7s Canada 53%s 1929, .. Canada 5s 195 | Chile 65 '60. Chile 6561, Chile 78 1943 X Chinese Gov Ry 55. Colombia 6s Jan'61. Con Pow Japan 7s.. {Copenhagen 5s ct. | Czecho 8s 1351 Czecho 85 19 Danish Munic 8s A. Denmark 6s. ... | Dutch Fast 1 6s47.. Dutch East I 6s 62. I3 Salvador 85 *48 Finland 5%s Einland 7s. Framerican 7%s French 7s. French 714s. German EI P 6%s. German 7s. . Italy 7s........ Italian Pub S 7s. Tapanese 4s. .. Japanese 6%s. Lyon 6s. Marsellle 6s. . Mexico ¢s 04 asntd. Mexico 4 °10 asnt. Milan 6%s. . Netherland 54.. New So Wales 57s. New So Wales 58s. Nord 6%s., . Norway 5s 1963. Norway 5%s...... Norway 63 1944...., Norway 63%s 1952.. Orient Dev deb 6s. . Paris-Ly-Med 6s Paris-Ly-Med 7s... Perués67 wi. Peru 7s.. Poland 6s 40. Poland 7s (rets). Prague 73s. Queensland 6s. Rhinelbe Un 7..... RhineWst EP 6s'52 RhineWst EP 65'53 RhineWst EP 7s'50 Rio de Janeiro #4s Rio Gr Do Sul 8s. .. San Paulo City 8s.. Sao Paulo 8s 1936 Saxon (PW) 7s, Seine 75 42... Serbs Cr Slav 7s. Serbs Crot Slo 8s Shinyetsu 6% s 52 Swiss 5128 1946 Swiss Confed $: Tokio 5s. . Tokio 5%81961. ... Utd Kingm 5%s Utd Kingm 5%s 37. Uruguay 8s........ AmAgriChem 7% Ah Smit & R 1st 5s. Am Sugar Ref 6s AmT&Teltr4s.. AmT&Tst5s. Anaconda cv db Ts. Andes Copper 7s Armour Del 5%s... Associated Oil 6s. .. Atlantic Refin bs Barnsdall 6s1940. . Befl Tel Pa 5s B, Beth Steel 53 s 53. Bethlehem Steel 6s. Bklyn Edison 5s Bklyn Union 5% Certain-Td5 % srcts Chile Copper 5 Colon Oil 6s'38. Col Gas&El deb Con Coal Md 1st ConGas N Y 5% Consumers Pow 8. Cuba Cane cv 7s. Cuba Cane 8s..... Cuban Am Sug 8s. Denver Gas 5 Dodge 6s Donner S! Duquesne 435 67. East Cuba Sug T%s Fisk Rubber 8 Gen Cable 5158 47 Gen Mot Ac Cor 6s. Goodrich 6% Goodyear 5s rets. .. Hoe & Co 6%s. Humble Oil 5s. Iilinois Bell 1st 5s Indiana Steel 5s. . Inland Stl 4%s°'78. Intl Cement bs 48. Intl Match 68 47.... Int Paper 58 47. Inter Paper 6s Int Tel&Teleg 4% Kayser J & Co 5%s. Kan G & E 65 52 Kelly-Spring 8s.... Lackawanna Stl 5 Laclede 5s. .. Laclede G 5%s 62 Ligget&Myers5s51. Liggett & Myers 7s. | Louisv G & E 58 52, ManatiSug st 7%s. Mid-Con 6348 40..., Midvale Steel 5. Mont Pow 53 4 Mont Power deb Mor's&Co 1st 4% wEnglandTel 5s. YGELH&P4s NYGELH&Pbs Paramount 6s 1947, People s Gas 5. . Phila Co 5567 w1 Phila&ReadC&I 55, Philips Petro 5% s.. Pierce-Arrow 8s.... Plerce Oil deb 8s... Por Ric Am Tob 6: Postal Tel & C 5% Public Service 4% Punta Alegre 7 . RemingtonAr 65 32, Rom Rad 5% wa Simms Petm 6s '29. Sinclair Oll 6s. Sinclair O11 § Sigelgir Ol 4. .. .. Sales. High. Low. . 67 993 26 88% . 11 105 . 16 118% 118% 118% MISCELLANEOUS. 13 104 AmT&Tcltrbs.. 17 104 « 16 105% 105% 105% 41 106% 106% 106% 42 105'% 106 64 172 .102 212 Armour&Co4%s39. 24 92% 92 THE EVENING STAR. WASHINGTON, STATES. o $1.000.) Close 998 9922 1008 1009 10013 10015 9811 9811 0324 103 24 103 24 0516 106 16 106 16 1112 11112 11112 9928 00 9 00 27 98 12 FOREIGN. Sales. Hirh. Low. Close. 30 9 a1 9974 15 100 18 945 947y 11 1004 100 099% 99% 8t 91 99% 9 41024 102 1 18 100% 100 100% 4 105% 105 1 73 108 107% 107% 43 105% 1051: 105% 7 1147% 1144 114% 4 109% 109% 109% 92 o8 997 98y 991y 991 3 94 93% 94 24 94% 9% 94 11 100% 100t 100 8 1081 1075 108 4.100% 100%: 100'% 2 1 o |Can Nat 414 1 2 1 94w 9% 8 110 109% 110 2 109% 109's 109% 4 110% 110% 110% 26 104% 104% 104% 4 103% 103'% 103% 2 103% 103% 103'% 1L 110 109% 109% 10 90% 90's 90% 5 100% 100 100% 1104 104 104 55 107% 107 107% 16 112% 112 112 2 925 3 106 105% T 9% 9w 3 101% 101% 101'% 4 100% 100 ‘100 1 96 9 96 92 974 96% 97 3 95% 95 95% 32 9l 91U 9% 11 1004 100% 100% 9 991 99 99 9913 991 99% 214 21% 21k 10 213 21% 21% 23 89% 891 89 13 100% 100t% 100% 5 934 93% 934 8 934 93 93 1 102% 102% 102% 20 97 964 97 3 100% 100% 100% 8 1024 102'% 102'% 10 101% 1013 101% T 96% 96% 96% 99% 99y L 103% 103% 103% 88 8R4 4 100% 100% 100% 823 1 15 96% 2105 105 105 3 105% 105% 105% 6 10435 104% 1041 4 10215 102% 1021 2 90% 90% 90% 8 93 92 923 ll 101% 101': 101% 94 934 934 6 105% 105% 105% Rome 6%s......... 20 90% 904 90% 1 113% 113% 113% 104's 104% 6 993 99% 99% 4 105% 105'% 105% 6 8I% 8l 81% 9Lt | | Westn Union 55 51 | | ~xnew vork . BOINDS stocx gxcnmcsl Received by Private Wire Direct to The Star Office Sales. Hish. Sinelair Crude 5%s. 29 971 Sin Pipe Line 58... 94 South Bell Tel 5s.. 103 Southwest Bell 5s.. 24 104 Stand Oil N J 5s 46. 17 103 TennElecPow 6s 47 106% Transcontl Oil 613 101% United Drug 5s 53. U S Rub 1st rf 65, w. Close. 97 97 94 103 103% 102% 106 101% 95% 90% 101 7% 107% 100% 106 . 8 101% .. 2 102% 102% 106% 101% 1004 ner Sug 7s 41. 108 | West Ilec 5s Westinghouse bs. Willys-Ov 645 8 E 1 Wilsop & Co 1st 6s. 103% 103% WinRepeatAr 73:s. 107 107% Yngstn S&T 5s wi. 100% 100 RAILROAD. Atchison adj 4. 88 Atchison zen 4 Atlantic C L 1st 4s. Atl & Dan 1St 4s 43. B & O Gold ¢ B&Ocv4l%s. B&Orefb 88 92% 93% 9; 98% 101% 100% 1015 1011 103% 1038 3 10914 109 8ot 85N B & Ort imp 6s B & O Toleao 4s. Boston & M Brooklyn F; Brooklyn klev 6148 Bklyn Mannat 6s... 3 Buff R & Pitt 4%s 30. { Canad Pac deb 4s.. Can Pac 4%s 46. Central of Ga 6s Central Pacific 4 Cent Pac 1st 5s 90. Chesa Corp 58 w 1. Ches & O cv 4745, Ches & O gn 41 Chi B&Q gen 45 CRB& Q4 CR&QI Chi&E 111 gn 5s 5 Chi Gt West 43 5 P&Pach Pacadj Chi NW 4145 2037, Chi Rys 5s. ... Chi RI& P gn 4s. Chi R1&Prf4s ICRIPac4¥%swi.. ChiTH& SE5s... 26 Chi Un Sta 43%s.... 15 Chi & W Ind cn 4s.. 12 C&WI15%s62.... CCC&StL5sD... CCC& St Lrf6sA. Cley Term s C&S 1st4s 29, Colo & Sou 4335, Cuba R R 7T%s. Cuba Nor 5}s cts., Del & Hud 1strf4s. 7 Den & Rio G cn 4s.. 83 Den&RioG 4%s36. 10 D & Rio G imp 6s.. 11 DRG & Wst55'78 11 Erie 15t cons 43, Erie coflv 45 A, Erie cvt 53 67 w Erie (Pd) clt tr 4 Fla East C5s 74. Grand Trunk 7s Gt Nor 4%s 76 Great Nor gen 7s... 3 Green B& WdebB. 2 Hav ElRy 5%s51.. 1 Hud & Man aj 5s... 12 Hud & Man ret5s.. 10 Il Cent 4% s 66.... 14 Int Raptd Tran 5s.. 10 Int Rap Tr 5s stpd. 44 Int Rapid Tran 6s.. 23, Int Kap Trans 7s... 35 100 Int & G Nor 1st 6s.. 6 105 Int&GtNor adj 6s 52 33 914 Int RysCA 5s 72 5 81 IntRyCAmés41.. 5 95 IntRyCA6¥%srcty 1 95 20 Kan City Term 4s.. 6 Lake Shore 4s31... 6 98 Louis&Nash uni 4s. 4 95% Louis & Nash 5s B. 8 104 3 5 2 5 4 9% 94% 94 104 2 102% 102% 1024 « 18 10315 102% 102% +s. 13 110 109% 109% 3 717 M 7 5 884 88 88% 8 103% 103% 103% 5108 108 108 5 104% 104% 104% 2 100% 100% 100% 103% 103% 6 99% 99% 99y 104 104 2 9% 9T% 9T% 105 172 212 92% 8 90% 90% 90% 7 102% 102% 102% 2101 101 101 65 130 127 129 5 104% 104% 104% 3 107% 107% 107% 7 100 99% 100 1 102% 102% 102% 14 101% 101% 101% 30 1047% 104% 104% 1 104% 104% 1044 166 203 Man Ry 1st4s90... 5 664 Market St 7s40.... 6§ 96% il El Ry & L 5s 51, 1 102% lEIRy & Lés61. 4 101 3 89 5 101 6 85 1 86 6 104% 1 100% 16 6% 6 100% Mo Fac 5sF 77 5 98% Mo Pacific 55 G '78. 21 98% NassauEl 4s51.... 1 65% NOTex&M5sB., 3 99% NY Cengen3s,, NYChi&StL i’fiuA: 13 106% NYChi&StL 5%s B. NYC&StLésA.. Nor Pac 3s 2047, Northern Pacific 1355 355 355 4 8a% 8415 854 18 9% 95 95 11 111% 111 111% 41 99% 991 993 6 76 5 75 23 106 105% 105% 4 102% 102% 102% 3 5% 535 5% 5 78 78 78 20 104% 104% 104% 10 101% 101% 101% 49 1025 102 102 1 98% 98% 98y 12 99% 991 99y 14 95 94% 95 3112 1114 112 13 99% 99 993 38 102% 1025 102% 12 106% 106 106 37 925 92% 92% 3 881 884 83l 10 100 100 100 14 103% 103% 1031 3 103% 103% 103% 44 92% 92 921 53 104 1031 104 37 9T% 97U 97w 5 04 94 9q 5 97 964 97 26 954 94k 954 Int Tel&Tel 48 wild7 111% 110% 110% 31131 128 131 25 106 105% 103% 2110 110 110 1 100% 100% 100% 10 101% 101% 101% L 104% 104% 1043 ¥ 102% 102% 102% 3120 120 120 3104 103% 104 18 98 98 98 12 105 105 105 16 100 99% 100 5 1021 10214 102% 7 100% 99% 995 2 8T 87% 874 1 106% 106% 106% 5 94% 944 944 2 107% 107% 107% 100 100 106% 106% 711% 111 111% 8 100% 100% 100% 7 101% 101 101% 3 100% 100% 100% 105% 105% 105% 3 104% 104% 104% 6. 99% 99 . 99 3°104% 104% 104% 38 98% 981 987% 598 92 502 5 93% 931 9314 28 107 107 107 2 106% 106% 106% 5 101% 100% 101% 19 941, 933 93% 78 1624 160 162% 4 92 92 92 11 101 100% 100% 27 94 93% 94 5 100 100 100 15 99% 994 99w 2 10015 100% 10014 13 102 101% 102 2 3 Northern Pac 5s D Ore Short L rfs 4s, Pennsy] con 4%s Pennsyl gen 4% Penna R R 4% Pennsyl gen 5s.. Pennsyl 5s 64. Pennsyl 6%s 22 101% 18 100 Portland E1 P L 6s. Port RL&P 7%s 46 Rio G West cl 4s. RIArk & L4%s St L IM&S 45 29 StL&SF prinbs StL S Wecon4s32.. 1 SeabAL ad) 551949, 74 Seab A L con 6s.... 33 SBAIIFla6s35 A, 34 SBAIFla6s35B.. 7 Sou Pac 4529...... 35 Sou Pacific ref 4 Sou Pac 4%s rets. Sou Ry gen 4s. Sou Ry Con bs Sou Ry 68 56 Sou Ry 6%: Term Asso SLi4s.. 1 Tex & Pac 65 B 1977 4 1 Third Averef 4s 60. 3 Third Ave 1st 55 5 Third Ave adj s, Union Pac 1st 43, Union Pacific 4s Virginia Ry 1st 5s. Wabash 58 76 B. Wabash 6%s 75...., West Maryland 4s.. 1 Western Md 5% Western Pacific 5s. 10 ‘West Shore 45 2361, 2 Wis Cen gn 4s 49. POLICEMAN’S FUNERAL TO BE HELD TOMORROW Joseph A. Case, Killed When Cycle Hit Parked Car, to Be Buried Near Rockville, Special Dispatch to The Star. ROCKVILLE, Md., December 18.— Funeral services for County Policeman Joseph A. Case will be held at St, Mary’s Catholic Church here tomorrow morn- ing. Members of the police force will serve as pallbearers and the services will be conducted by Rev. John T. Cool- ahan, pastor of the church. Burial will hfilm St. Mary’s Cemetery near Rock- ville. Case was fatally injured Sunday night when his motorcycle collided with a Ernd car. He died several hours later Ceorielown lgeplial, . e . 0244 654 97 61% 9% 88% Baltilh()re Markets Specig] Dispatch to The Star. BALTIMORE, Md., December 18. Potatoes, white, 100 pounds, sweet potatoes, barrel, 1.50a3.0 50a1.50; yams, barrel, 1.50a3.0( bushel, 2.50a4.00; beets, 100, broccoli, bushel, 60a75; sprouts, quart, 10a20; cabbage, to 35.00a40.00; carrots, 100, 4.00a5.00; celery, crate, 50a2.50; cauliflower, crate, 1.25a2.7! kale, bushel, 50a75: lettuce, hampers, 75a1.50; onions, 100 pounds, 1.25a4.50; oyster plants, 100, 5.00a8.00; parsnips, basket, 50a60; peppers, crate, 5.50a9.00; spinach, bushel, 40a75; tomatoes, crate, 1.25a 3.50; turnips, basket, 25a40; Savoy cabbage, bushel, 40a90; apples, bushel, 75a2.00; cranberries, box, 4.2585.50; grapefruit, box, 2.00a3.50; oranges, box, 3.25a4.25; tangerines, per half strap, 1.75a2.50. Dairy Market. Poultry, alive—Young turkeys, pound. 35a40; old, 32a35; crooked breasts, 25; Spring chickens, 20a28; Leghorns, 20a 25; old hens, and poor, 18; old roosters, 17a18; ducks. 22a25; small and poor, 18a20; geese, 20a 25; guinea fowls, each, 40a80; pigeons, pair, 30. Dressed poultry—Turkeys, choice to fancy, pound, 38a40; fair to good, 35a 37; old toms, 33a35; poor and crooked breasts, 25; chickens, young, 27a28; old and mixed, 24a27; old roosters, 17a18; ducks, 25a28; geese, 222 Eggs—Receipts, 1,141 cases; native and nearby selected whites, free cases, dozen, 43a44; firsts, 40a42; current receipts, 38a39. Butter—Good and fancy creamery, pound, 48a54; prints, 54a56; blocks, 52a54; ladles, 38a40; store packed, 34; process butter, 43ad4. Hay and Grain Prices. Wheat—No. 2 red Winter, garlicky, spot, 1.31'; December delivery, 1.311g. Corn—No. 2 export, December deliv- ery, 97';; No. 2 yellow, 98a99; cob corn, 4.75a4.80. Gats--No. 2 white, domestic, spot, 58a5815 :No. 3 white, domestic, spot, 56a57. Rye—Nearby, 1.10a1.20. Hay—Receipts, 11 tons. While hay is arriving here in limited quantities only, it is more than ample for the demand, which is being supplied mostly by truck from nearby points, few carloads being received. There is not enough business passing to establish prices on the various kinds on merit at a range of 16.00218.50 per ton of timothy and clover hay. . Straw—No. 1 wheat, 11,00a12.00 per toh; No. 1 oat, 12.00a13.00 per ton. Commodity Notes Steel. CHICAGO, December 18.—Rail pro- duction in the mills of the Chicago dis- trict has picked up and within 10 days will represent output of 75 per cent of mill capacity. Steel demand generally is holding up well. Bt Automobile Accessories. CLEVELAND—The business of au- tomobile and airplane accessory manu- facturers in this district has slackened slightly, but there is no indication of the usual seasonal Iull, and none is expected. Lumber. PORTLAND, Oreg.—Formation of the Pacific-Atlantic Lumber Corporation, with holdings valued at around a bil- lion dollars, has been completed. Many of the leading steamship owners, ship- pers and lumber manufacturers of the Northwest are included, although only one Columbia River mill is mentioned. The object of the merger is said to be to secure Atlantic coast trade. Rubber. ATLANTA —Surveyors and road work- men are already engaged on the high- way which will link Gadsden, Ala., and Cedartown, Ga., and form a connection botween two big plants of the Goodyear Tire & Rubber Co. The new lyear Gadsden plant will be built in three units costing $7,500,000 each.” THREE YOUNG ARTISTS MAKE DEBUT ON RADIO Selected as Most Promising by Committee From Group of 15,- 000 Applicants. By the Associated Press. NEW YORK, December 18.—Three young artists, selected as the most. promjsing among 15,000 applicants, made their debut yesterday before an audience in the National Broadcasting Co. auditoripm and over a network of nine broadcasting stations. They were Jean Palmer-Soudeikine; soprano; Eugenia Wellerson, violinist, and Giuseppe Martino-Rossi, baritone and former Providence, R. I, shoe worker. They were selected by a com- mittee from the National Music League, which, with the broadcasting company, sponsored the debut as part of a plan to encourage and aid young singers and musicians. . FUNERAL SERVICES SET FOR MAJ. E. W. NILES Body of Coast Artillery Officer to Be Shipped to Former Home in Maine for Burial. Funeral services will be held at the chapel at Fort Myer, Va. tomorrow morning at 11 o'clock for Maj. Ellery W. Niles, Coast Artillery Corps, who died at Walter Reed General Hospital Sunday from an attack of appendicitis. Following the services the body will be shipped to his former home at Farm- ington, Me., for burial. Col. Harry L. Steele, Lieut. Cols. George L. Werten- berger and Avery J. Cooper and Majs. Henry T. Bergin, Sandford Jarmin and Oliver L. Spiller, all of the Coast Ar- tillery Corps, will serve as honorary pallbearers. £ Maj. Niles was born at North Ches- terville, Me., February 14, 1883, and was graduated from the Military Acad- emy in 1905. - His entire service was in the Coast Artillery Corps except during the World War, when he was a lieu- tenant colonel of Infantry, National Army. He reached the grade of major % street, this city. the Regular Army in July, 1920, and or to his death was on duty in the office of the chief of Coast Artillery, Munitions Building. His widow, Mrs. Blanche E. Niles,- resides at 3703 § JOHN D. COBB WEDS. Washington Man to Bring Bride Here After Florida' Trip. Special Dispatch to The Star. FREDERICK, Md, December 18— Miss Jeanette Lupton Kolb, daughter of Mrs. David Denmead Kolb, this city, and John Devine Cobb, son of the late Mr. and Mrs. Judson Cobb of Washing- ton, were married in All Saints’ Episco- pal Church by the rector, Rev. Douglass -| Hooff. “Mr. Cobb was attended by Judson C. Cobb, a brother; William Lane, Dr. John Paul Earnest, jr.; Clinton K. Yingling, Clarence W. Gosnell, Walter M. Baumon and Henry Larkum of ‘Washington, fraternity brothers of the bridegroom. After a trip to Florida Mr. and Mrs. Cobb will reside in Washing- ton, where Mr, Cobb is an architect. PA Rl S Y Jewel Tea Sales, NEW YORK, December 18 (#).— Jewel Tea Co, Inc., of Chicago sales in the four weeks ended December 1 in- creased to $1,370,971 from $1,243,653 in $hp corresponding 1927 periode %2, 0a27; Leghorns, 20; smail | D. €. TUESDAY, DECEMBER 18, 1928. T NARKE] i!Y KENNETH S. VAN STRUM. NEW YORK, December 18.—Two weeks ago when the sharp reaction Kbrought the stock averages down 13 per cent in the course of three trading days, the movie stocks as a group held their own very well. For in spite of the fact that they had been in the forefront of the advance since June and therefore a normal technical reaction would have been quite in order, it was obvious that they were meeting some very good buy- ing power. This viewpoint was vindi- cated after the first reaction by the fact that at the first opportunity these stocks showed good advance from their lows, The action of these stocks in the mar- ket shows that a radical change is tak- ing place in the industry. Early this year the first successful talking movie was presented, and it “took” with such a vengeance that the entire industry has become demoralized. The synchronization of sound with mo- tion pictures opens up a new era for the movies. The public’s reception of the first “talkies” wag overwhelming, and producers now say that the in- creased public interest has greatly in- creased the possibilities of the industry, and that over a period of time it will | bring larger total revenues to the in- dustry. Talking Movies. Any producer can make sound pic- tures today—it is only necessary to take out licenses with Western Electric. And there are three important ways of re- producing sound: Vitaphone, the movie- tone and the photophone. In the Vita- phone method the film is.synchronized electrically with a recording apparatus on the principle of the phonograph. In movietone, the sound is obtained by a ray of light passing through lines of varying thickness on the film, and hit- ting a photoelectric cell with varying in- tensity. The photophone operates on substantially the same principle except that a wavy line regulates the intensity of the ray of light which passes through the film and hits the reproducing ap-~ paratus. So far as quality of reproduc- tion is concerned, it is said that there is little to choose between the different devices, the principal advantage of one device over another being in the longer life of one film over another. Profits in Exhibition. There are two distinct ways by which a company can profit by this craze for “talkies"—either by owning a large string of theaters and thereby forcing the producers of good talking pictures to use the theaters on a percentage basis or by producing good talking pictures. The trend of the industry in recent years has been into the exhibiting end of the business, for producers have come to realize that control of a chain of theaters gives them a splendid oppor- tunity to test out their own films, as well as to make additional profits by exhibiting. In addition, since no pro- ducer can produce all the pictures needed in a chain, they can swap re- leases with other producers who own chains of theaters and thus obtain an additional good outlet for their fiims. In order to maintain their position in the industry most producers have been Jg\rcad to combine with large theater chains. Each Picture a Gamble. The advent of talking movies has upset all the work of the old stars. Today companies have to experiment with new methods to develop new stars, for, while many new stars will enter the field, many old movie favorites will not be able to get their personality over in this new medium cf expression. From the production standpoint it is a great gamble. The full returns from a nfovie film are not known until about two years after its first release, so that producers seldom kunow where they stand on each picture, and one big hit means such large profits that it can upset all earning estimates. At the present time Warner Bros. and Fox have the initial advantage from a production standpoint. Warner Bros, has recently taken over a chain of theaters and has negotiated with Shubert_for the use of parts of its chain. Fox owns a large chain of thea- ters. Paramount is the biggest producer and exhibitor in the field, but has been somewhat slow to get into the talking pictures, Loew's has a large outlet for its pictures and good production facllities, while Pathe depends upon the ability of its new management to pro- duce “hits.” In addition, both Pathe and Fox have the advantage in the news weekly fleld, where sound pictures have made a decided hit. (Copyright, 1928.) NEW BALTIMORE PLANT " WILL EMPLOY 25,000 Special Dispatch to The Star. BALTIMORE, December 18 —Opera- tions in connection with the proposed plant here of the Western Electric Co. are expected to be started within a few weeks, it was announced today. At the same time Edgar S. Bloom, president of the electric company, an- nounced the plant will be constructed at an ultimate cost of nearly $25,000,000 instead of $15,000,000, as was first an- nounced. ‘The first unit, it was explained, called for 3,000 employes, with future demands for 25,000. The plant will cover 125 acres, ex- tending from the harbor to Colgate Creek on the north and east. The first unit constructed will be for the manu- facture of apparatus for the American Telephone & Telegraph Co., which con- trols the Western Electric Co. . POTATO MARKET DULL. CHICAGO, December 18 () (United States Department of Agriculture).— Potatoes—Recelpts, 62 cars; on 3 304 cars; total U, S. shipments, 418 cars; trading very slow, market dull; Wisconsin sacked round whites, 85a 1.00; few, 1.05; Minnesota, North Dak- ota sacked round whites, 80a95; sacked Red River Ohios, 1.05; Idaho sacked new | Bridge, BRDGES ARE VAL TOSTEEL INDLSTRY Keen Struggle Is on Among Big Firms to Get Contracts. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, December 18.—Roofs and bridges are subject to constant and mathematically determinable stresses and strains, but producers of materials for roofs and bridges are subject today to extraordinary stresses and strains which are widening certain breaches.in the industry. . It was learned today that no smal part of the impetus which produced the huge suit’ for infringement of patents brought by the Bethlehem Steel Co. against United States Steel, in connec- tlon with structuarrly welded or rolled units, may be traced to the demand for bidge materials. The building of bridges not only is imperative for the steel industry today. It is economically necessary. Traffic via highways is such that a desperate com- petition has been brought about to de- termine ~whether private capital will build. toll bridges or whether the cross- ing of water courses will be left in Fed- eral, State or municipal hands. And the steel industry is out to fight for the business not only as between units of the industry, but against alternative ‘materials. Eye Appeal Factor. Eye appeal has become a factor in bridge construction as well as in auto- mobiles, household utensils, toys, furni- ture and” dre: The steel industry, therefore, is out not only to build steel bridges, but to enhance the beauty of such structures. For years most of the attention of the industry was directed to steel bridges, which could be built quickly to open undeveloped territory, with emphasis on speed of building and utility. Little attention to the artistic side of steel structures has been paid in the engineering schools, and many builders and architects still feel that concrete or masonry should be used to bring out the beauty of a mass structure. This feeling is undergoing changes as a re- sult of the work of the committee on the esthetic design of steel bridges of the American Institute of Steel Con- struction, through treatises which can be used as text books in engineering schools, by lectures in régular courses of bridge design, and by awards of merit for the most artistic bridges and bridge designs. Importance of Contracts. The importance of bridge construc- tion to steel industry can be realized when it is known that $75000,000 in Federal aid for bridges has been made available; that 54 miles of bridges have been authorized in 1928 and 68 ad- ditional miles of spans have been planned. The last Congress acted on 201 toll bridge bills, of which 90 were approved. ~ Sixty-two of these will be privately owned. Among the huge structures completed in 1927 were the Camden-Philadelphia Bridge, the International Bridge at Buffalo, and the Sarquinez Straits Bridge, at San Francisco. In process of construction are the Mount Hope Bridge, in Rhode Island; the Detroit- ‘Windsor Bridge, the New Hudson River span, the Bayonne, N. J., bridge; the Ohio River Bridge, at Ashland, Ky., and Maysville, Ky.; the Mississippi Bridge, at Vicksburg, and the Poughkeepsie across the Hudson. The con- tract for the $5,000,000 span over the Kill Von Kull, at Staten Island, has just been let to the American Bridge Co. This will be the longest arch bridge in the world. . Ford Shares on London Market. LOI N, December 18 (#).—The 'd £1 shares were dealt in for the first time on the Stock Exchange today since the list was oversubscrib- 2d. They immediately advanced 15 shil- lings, a number of buying orders having been received from the United States overnight. Local buying appeared later and caused a further rise to 18 shillings gremium, at which the market was rm. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. 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