Evening Star Newspaper, January 15, 1929, Page 14

LOCAL BANKS ADD | FOUR DRECTORS Awnerican Security Elects One and Munsey Trust Three. Riggs Raises Surplus. v DY EDWARD C. STONE. One new director was added to the beard of the American Security & Trust Co. and three new members to thez| tan THE EVEN JANUARY 15, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Open. High. Abitibl Power... 48% 48l Avitiby Po pfi6) 83% Bdl Abranm&Straus 142 142 Adams Bx pf5) 95 95 Adams Millis(2) 35% 35% Adv Rumley. ... Adv Rumley pf. Ahumada Lead. 3 Air Redetn (13). 104% 109% Ajax Rubber. 10% 11 Alaska Junea... 8 8Th Albany Papr(2). 23% “24 Allied Chem.... 270 274% Alifed Cm pf(7). 122 122 Chalm(7). 188 188 Amal Leather... 10% 10% Amerada(2).... 38% Am Agricul Chm 22 AmAgriChpf.. 73 734 . Low. Close. 60 3% % 1045 106% 10% 10% 8% 8% 23% 24 262 262 122 122 188 188 Consol Textile. . Container A 1.20 Contatner B 60c. Cont Baking A Cont Baking B Cont Bak pf(8). Contl Can (n).. Cont Insur(6). .. Contl Mot (80c). Corn Prod +31%.. Corn Prod pt Coty Inc (2). Crex Carpet. ... CrownWP1stpf7 i Cruc:ble Sti(5). CubaCaneSugar. Cuba Cane Su pf Cuba Company.. Cuba R R(4.80). Open. 5% 22% 118 57 24% 88% High. Low 6% 18% 22 T9% 5% Close. 6 22% Lambert (17)... Lee Tire & Rub. Leh Por Cmt Lehn & Fink(3). Lig Myers(t5). . LIg & Myrs B 15 L.ima Locomtve. Liq Carb( t4%). Loew's Ine (13). Loew's pf(6%). Loft cecene Loose-W(1.60). Lorillard Co. Louisiana Oil. ... Louis GasA 1.75. Loulsv G&E rts. Louis & Nash(7) Ludlum St12).. Open 131% 131% 127% 24% 24%h 23% 1 3 987% 664 954 0% 68% 104% 104 84’ 8 % 69% 261 16'4 8708 1 145'% 1% 146 834 High Low Close 128% 234 Rutland pf Sateway (3). St Jos Leaa 13). StL & SanF(18). StL&SanF pf(6) StL&Southwest. StL Swn pf(5).. Savage Arms(2) S Seab Alr L pf. Seagrave(el.20). Sears-Roe(32%) 7'4 | Seneca Copper. . : | Shattuck FG(2). Shell Un(1.40). Shubert The(5). Simmons Co(3). SimmgPet (1.60) Sinciair O1l Skelly Oil( Sloss-Shf pf( Snider Packg Co Snider Pkg pt. .. So PorRico(2).. Open. High. 66 66 187% 65% 117 94% 109 92 66 117% 109 92 48% 3878 23 16% 174 6 130 71 96% 21% 42 131% 2874 1% 98% 22% 42% 35 110 14% 407 43 Low Close 66's 665 187% 185 64 116 9% 47 37% 37T% 130 28% 0% 70% 95% 95% 21% 21% 4012 40% 345 4% 110 110 13% 14 39 42% 42% 39% | trading today. The forenoon session STOCK PRICES DROP, IN LATER TRADING Sharp Reaction Follows Ad- vance in Money Rate to 9 Per Cent. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 15.—Sharp re- action struck the stock market in late had been one of generally rising prices, FINAANCIAL. strong. The pace slackened around noon time and jn the afternoon, when money, which had renewed at 7 per cent, advanced first to 8 and then to 9 per cent, the list turned downward decidedly. Standard stocks and pool favorites suffered alike. United States Steel which had closed at 168 and sold above that price early in the day, slumped from 3 to 4 points. The copper stocks lost ground rapidly, Anaconda showing | a decline of almost 3 points. Motors | went with the others. ‘Telephone stocks were among the early leaders. Steel Demand Prospect. NEW YORK, January 15 (#).—De- mand for steel in the automobile in- dustry is expected to reach its peak in Pebruary. Sheet bars in the Youngs- town district are reported moving firmly at $34 for the first quarter, with no SOUTHERN DAIRIES MEN HOLD CONFERENCE HERE More than 75 men, all managers of plants owned and operated by Southern Dairies, are meeting here in Washing- ton this \week at_ Southern Dairies’ neral offices, 60 M street northeast. hese managers com: irom Atlant§, sirmingham, Miami. Mobile, Savannah, Richmond, Jacksonville, Norfolk, Knox- ville, Asheville and other cities in nine St of the South wers Southern Dairies operates. This conference is designed to outline’ the program and plans for the year by the executive heads of this large dairy organization. Mr. J. L. Kraft, chairman of the board of directors, Kraft-Phenix Cheese Co., spoke at the conference today. A banquet for visiting managers will be held at the Hotel Harrington to- night. In France the Salvation Army is the board of the Munsey Trust Co. at the gc% annual meetings held this noon. The addition_to) the American Se-| curity board was| Benjamin W. Th yon, who ib con- nected wi'h the brokerage firm of G. M. P. Murphy & The com- lete list, includ- an 27 re-clected members, is as fol- g lows: C. A. Aspinwall, 3 Charl Harry George W. William M. William S. William W. jr; M. G. James M. J. P. Herrmann, Jai Leiter, G. Percy McGlue, McLean, Howard Moran, Clarence F. Norment, Newbold Noyes, Howard S. Reeside, B. F. Saul, William E. Shan- non, James F. Shea, Charles A. Spald- jng, Corcoran Thom. Benjamin W. Thoron and John F. Wilkins. Charles J. Bell presided at the meet- ing of the stockholders. Munsey Trust Expands Board. The three new members added 10| am fad pt ity the directorate of the Munsey Trust CO. | Am Ry Ex(6).v. 130 131 today were W. Wallace Chiswell, con- | Am Republics..» 60 60% nected with the Peoples Life Insurance | am saf Razurs). 70 70 Co.; Maj. Gen. William E. Horton of | am Seating(3).. 24 3 yser, ass . Sm& 7 7 X pf the Washington Railway & EICCIrlc | Am S& R pr(1). 151" 197" 131 190 | bebomchpets ;::;i ‘The complete board was elected as :,,, S"."gd““‘”zoa" 20314 203% 2031 | Federal M & Sm., 250 ollows . m St ys(3). 70%: 3% 70 70 Fed Mot T(80c). W. Wallace Chiswell, Wfllmg‘ T.| Am Sugar 91% s‘z',: 891 891 | Fidelity-Phoenx Dewart, Charles Denby, C. T. Dixon, | Am Sugar « 107% 107% 107% 107% | Fifth Ave(6ic). Charles B. Hawley, J. H. Himes | AmSumatra(3). 57 574 67 57 | Filenes Sons Co. William E. Horton, G. T.Gflogies,bgfi, Am Tel & Tel(y) 197 202 197 198y | First NatS(1%). %zn’y Keyser, Arthur . % D' Am Tobacco(8). 179 179 177 177 Fisk Rubber.... ilton_J. Lambert, C. H. Pope, C. D.|Am Tobac B(8). 180% 181 178 173 |Fisk Rub 1st pf. Ratcliffe, Franz Schneider, jr.; Alfred | Am Tob pf(6)... 120% 121% 120% 121% | Fisk R 1st pfev. e e B e aa e T | AmwiEa e, 3 (58, sk Lac | alachman 18k v 5 8 . H. o S 7 2 2 | Folansbee (2)... Yeatman. AmWWIst pf(6) 99'% 100 991 100 | I'ox Film A(4). The organization bmleetlnlg f;l;o;l‘edl:: Am Woolen 27 27% 26% 27 [Frank-S pf(7 ers being elect or m Woolen . 57 ¥ 4). S?fiin":;s:a?:m%vmmm £ Dewart, presi- | Am Writ Pa ctfs 12% i;% ?g?; g?‘: l:reepmm @ent; Wilton J. Lambert, vice president (Am Zinc........ 391 39% 38t 381 | Gaoner oA and general counsel; C. H. Pope, vice | Anaconda C (). 118 119% 115% 116 | Gan A Thecs). resident and treasurer; C. D. Ratcliffe, | Anchor Cap..... 554 56 55 Gen Asphalt. ... " C. Willis, secretary and assistant | Andes CoprT6c.. 50 ' G0% 48% 48%|Gen Ason el treasurer, and P. J. McMahon, assistant | Archer Dan (4)... 105% 105% 101 1013 | Gen Bake pe(S). freasurer. orem ima; Gl g 114 17| Gen Cable...... Riggs Makes Surplus $3,000,000. 3 Armour 111 pf(7) 85 85 m: fif;: ficcl‘:.l:-fl:’ of the Rij National | Arnold Con& Co 38% 3 3 7 B.'f,’i’la?i";i‘s?fid.y {ransterred 250,000 | Artloom(3) o5 oue ggv. 2:». it k] from undivided profits to surplus, mak- | Artioom p{(7).. 95 98 98 98 | Gemmioscrreony’ ing the total surplus $3.000,000, Which | ASSODryG(2%). 661 67 65 65 |Gen GEENA(1Z) batances with the $3,000,000 capital | Asso DG 1st(6). 107 = 107 107 Gen Mills (3. block. President Robert V. Fleming re- | Ass0 O1(2)..... 46 46 46 46 | gen Anis (e d that this is the fourth consecu- | Achison(10)... 199% 200% 198% 198% | Gen Motors (5). ive year that $250,000 has been added | Atch TESFerts 1% I3 13 1% | rom Mot A New) to the surplus account and the fifth |Atehlson pf(s).. 108% 103% 1031 108% | Gen Mot pe(T) s e mm‘}’er since the change in its |AUGUIL& W1 "40% 41% 40% 41% | Genoncdrad(s). Papital structure on October 15, 1923, | Atlantic Ref(1). 62k 62% 61 61 |Gem owraranis) cident to the establishing of the ::i-::;letdptm. 117% 117% 117% 117% | Gen Ry Sig(5). The capital stock was recently In- | 3\ i Nichols. . 1~ sus - o “ors | Gillette S R(E). greased, in connection Witk e chan- | Austn-Nich pt. Clda e Gimb! Be g solidation rmet o | Auto Sales...... 27 2 oy o fes' mu;mnulxlla‘m:{:?s%mers:ll‘elg :lirsonn?. AutoBalea pies) 58 32% 35“ glx'iggen m!tn_l. shares of stock & e : Autostrap A(3). 45% 45% 45% b e R $2,500,000 to its present capital of % 45% 45% | Gobel. (Adolph). £3.000,000 and the surplus account from | Bald Loco pf(7). 119 119 119 119 [Gold Dust (new) £2,000,000 to $2,750,000. Bulto & O(6).... 121 121% 119% 119% | Goodrich(4).... “Total capital funds now are $6,640,- [Balto&O pf(4). 791 7915 791 7915 | Goodrich pE(7). 000, or an increase over October 15,(Bamberpf(63). 108% 10815 1083 108t | Goodyear Tire. . 1923, of over $2,550,000. Bang & Ar(3%). 69 69 69 69 |Goodyr 1st pf(7) 3 - Bank of Com 120 847 847 847 847 |GothamH (2%). Union Trust Officers for 1929. Barker Bros(2).. 29 29 2815 2815 | Gotham pf(7) Barnet Leather.. 28% 294 2 Grand F&W t organization meeting % 26 25 ). e ofheers o the Union rust Cp. were | Barosdall A (33, 434 4w 48 4 | Goula Coupler A ot , as follows: Edwabd J. Steil- 9 % raham-. Cagts, presient: George & Hamiton, | A0S 1sLpC (6. 303 1084 109 103y | Grim. Paigec DSent. sitorney and trust offi- Dileo2 T : g‘:re' pcr:orge E Flemln}é, vice president | Beecn-Nut (3).. 98% 984 954 954 | Grand Unon.... d assistant trust officer; Walter S.|Belding-Hemwy. 134 14% 13% 13% | Grand Unpf(3). Harban, vice president; Edward L. Hill- §=1¢N1391<vt). 84% 844 84 84 [GrtNorth pf(5). Vice president end second assistant | BeSt& Co(3).... 88% 88% 871 874 | Gt Nor pf cfa(s) Yrust officer: Edson B. Olds, vice presi- g&fl'fi"’,‘s{'fl (3% 86 s siy|GtNoOr ofs 2. dent and treasurer; Irving Zirpel, sec- pii" tueet DIC 3 128 123 123 |Grt:WnBSug3.80. fhcer: mingdale. 43 43 42y 421 |Grt WnSu pf(7) B F b o, aeistart troas: Boots Do G0 210 110 10- it duadEex LI . I : - % ish1st.. 56% 56% 56t 5614 | Greene Cana(6) e S, Wimer Fisther, assstant e S T T g He iy LW , assistant sur- Maine. 106 106 106 106 |Gu N pL(6). » ? J 1 8FCo. 5815 59% 57 b57% | Hacknsk W. pttorney. . British Empire 4% 45, W e .. % 4% 4% | Hack W pf(1%) . Brockwy Mot(4) 69! i % | Ha 3 o Joo Exchange today, It opened Eb‘iflb"ni‘;';?{;f 1807 o 90w 905 | Hahn DS pf 6% . with 10 shares selling at 108, followed | Brunswick B(3) 51% 51% 50 gw. Hanna 1st pf.... With a 10-share sale at 108V4 and 10 | Bruzswick Ter.. 39 31" g7 W anrL L AWRL) 2t the new high. ; Bucyrus(l)..... 39% 8% 38%) Hartmn B(1.20). Capital Traction sold at 10634 a(tsr Bucyruscv(24) 48 48 47w 474 “lershey Corp : opening at 2. Potomac Electric 512 |Bucyrus pe(7).. 113% 113 113ia 113% | Hershey pecsy. . per cent preferred moved at 108ls.|Bu&Suspf(4). 66 56 56 56 | HockingVal(10) Chevy Chase Dairy preferred sold at|Burns BrosA(8) 126 Hoe& CoA..... 107, and 320 shares of National Mort- | Burns Bros(B).. 38 Holnd Fur(23%). fi“’ & Investment preferred changed BB:r;o;_zh-(n) 239 Homestake(17). ands ab 5%. Dush Term(g2). 1775 79% 77% 77% | Houston Ol Riggs National sold at 570, National | Bush Ter de(7).’. 107% 1073 1074 107% | Howe Sound (4), Bank of Washington at 312 and Amer- | Bush Ter p£(7).. 114 114 114 114 | Hud Man(2%).. jean Fire Insurance Co. at 330. Wash- | ButteCop&Zino 8% ~ 9% 8% &% { Hudson Mot(5). ington Ra.uwn_ym%; s!;.l.lectrtlcwgze‘nem 6s B:::::fls‘l&(z). ;g\ ig?‘ 10% 10% | Hupp Mot(f2)... . E‘:‘m:‘sa'? ;: mmll‘; Byer&Co.. .. 164 184" 157 1o7ie Tl Cone oretyo: eard in Financl ict. ByersAM(rts).. 17 17 14% 15 AL DE(R) <o After over 20 years in the Maryland | BY-Products(2). 114% 115 1124 112% }:3,‘.’..“,,2,‘:&’," title_business, C. Prancis OWens, ViCe | Cullf Pack(4)... 75% 75% 75% 75% | Indian Refining. sident of the Title & Investment Co. | Callahan Zinc... 8 3 3 pre; Y 3 3 |Indian Refg cifs pf Maryland, whose.stock is quoted on | Calu & Ariz (6). 124% 125% 121% 121% | Indust Rayon. .. fhe local exchange, will retire from the \CalukHec (2%). 48 481 46% 46% | Lnland S(K16%) . a needed res en, Pa ). % 241% 237° InterboroRap¥r. 63% Jaw in Prince Georges and Montgomery | Canon Mills 20 Stk & InterconRubber. 13% (Counties, Md. a sta(s). 0 Internat Agri...s 16% Lester A. Barr celebrated his seventy- | Case Threshg(6) 484 434 Intl Bus Ma (5). 152 gith ‘anniversacy Saturday. Mr. Barr t::lAfi?;;rez(’z;. @ B CemeDtis). - DIk ng been prominent in real ). Int Com Eng2). 7 end 1tgmincm c‘:rcles. For many years | Century lt,le 194 Int H‘;rv (25&)?. 92% fe and Franklin T. Sanner were asso- | Cerrode Pas(5). 104 Int Harv pf£(7).. 148% lciated together as Barr & Sanner—in C‘entmdeed Pro 26 Int Mteh pf 3.20. 97% fheir day engaged in some of the larg- | Certain-td pf(7). 81 81 81 81 |Int MerMarine.. 6% est apartment building operations in|Certo(f4)...... 83 83 8 83 ) IntMer Marpf.. 38 Washington. Mr. Barr is a_member of | Chandler-Clev.. 2216 2214 22 22 |IntNicklof Can. bbs the beard of directors of the Federal- Chandler-Cl pf,. 39% 39'% 39% 39% |Int Paper pfi6). 89% American National Bank. Ches & Oh10(10) 215% 217 214% 214% | Int Pa&PoA2.40. Thomas P. Hickman, vice president of [C & O Corpn(3).. 83 83% 81% 8Ly | Int Papr & Po B. the Franklin National Bank, has re- | Chi& Alton. 12% 12% 12% Int Papr & Po C. turned from a short trip to Fiorida, | Chi & Altonpf.. e 18% 194 Int Pap &Pwrts. o 5 & 19% | Int Paper'pf (7). idw visit. e 3 Int Ry CA pf(5). . H - Ch! Nwn .. United States Savings Bank and the | Gt B T gg,/’ ?5% Continental Trust Co., i attending the | ¢y prey Ti pt. B5% 56l inauguration of his cousin, Gov.-elect| ' iy pacis).. 13215 13219 131 181 Cooper of Ohio. CRI&PDI(6). 101% 101% 101 101 Waggaman & Brawner, Inc., 1700 I|cyiyeicab(3).. -33 33 33 83 street 1orthwest, are offering a block of Childs(2.40).... B57% b57% bT% 5T% the capital stock of Chain Stores StOCKS, | Chyje Copper(3). 74% 77% T4% 75% Inc, en investment trust. speclalizing | Chryuler(3).... 1224 1244 1204 12003 :nhlhe secxrmdes‘%f ccci:fig;nmm and | City St B 5% stk 103% 104 102 102 other merchandisin; 3 Cluett-Peab(5). 70% 71 70% 71 Among the chain establishments Whose | Coca-Cola(6)... 171 171% 170 170 securities are held by the company are | Collias & Aikmn 551 X Peoples Drug Stores, Inc.; F. W. Wool- | Col Fuel & Iron. 695 worth & Co., S. S, Kresge Co., United | Col Sou 1st(4) 78 78 Cigar Stores Co., Sears & Roebuck, |Col Gas& EI(5). 144% 144% 142% 143 McCrory Stores Corporation and Safe- | Col Gas&Elnew. 59 59% 59 59 way Stores, Inc. Col G&E pfA(6) 107% 107 107% 107% Columbia Graph 83 83% B0% 80% Col Carbon t4%. 130 131% 128 128 ComCred(1)..... 57 57% b55% b65% Com Cilstpf 6% 103 103 102 102 ComCrpfil%). 26 26 26 26 Com Inv Tr(34). 150% 152% 147's 147% Com Inv (war).. 36 42% 36 42% Com InTr pf(7). 106% 106% 106% 106% Com Solvnts(8). 230 232 228 228 Com Power(13). 118% 120% 116% 118 83 83 83 8 Conde Nast(2).. Congoleum-Nair 29% 30% 29 29% Dept 8 Cong Cgrs (5).. 82% 82% 801 81y |Kresse DSpf. Kreuger & Toll.. 41% o T ) oo bt M hcroxerirolel). 115K 8% 1 Con Film priz). Consol Gas (3).. 108% 109 106 106% | Laclede Gas(10) 237 991, 591, 9913 Laclede G pf(5). 102 ConsolGaspfes). 994 : ConRRCubapf6 68 68 68 68 LagoOlli..eeess 30% “ondp it LudlumSti(rts). McAndrews 2.85. Me Call Corpt4) McCrory A(2).. McCrory B(2).. Melntyre P(1).. McKeespt Tin Pl McKes&Ro 1.60. McKsn pf A 314 Mack Truck (6). Mackay (7) Macy Co (c2)... Mad £q Gar 1%. Magma Cop (4). Mallison & Co Am Bank N(13). 125 Am Beet Sugar. 17 Am Beet Sug pf 524% Am Bosch. .. Am Br Sh(J1.60) Am Brown Bov. . Am Brown Bo pf Am Can (14).. AmCar&Fdy(6 Am C & F pf(7). Am Chicle Am Chicle(rts) . Am Chic pr pf(7; Am Drug (60c). Am Encau T(1). Am Lixpressc6). 291 Am & For Pow.. 8% Am&ForP pf(7) 108 Am&For P2d 7. 975 Am Hide& Lea. 9% Am llide & L pf. Am Home Pr(3) Am Ice (121 381y Am Internatiiz) 144 Am Internat(n). 724 741 Am LaFr&Foam & 8 Am Locomot(8). 110% 111 Am Loco pf(7).. 116% 117 Am Metals(3).. T01 T2 Am Metals pf(6) 124 Am Nat Gas pf 7 Am Fiano. Am Fiano pf. Am P&L (11) AmP&LDt st AmP&L pf. 75 | AmPo&Lt p£(6): 100 Am Radiator(5) Cuban Am S(1). Cudahy Pkz(4). Cudahy (rts)... Curtiss Aeror1). Cushman's(§4). . Cushmann pf(7) Cutler Hammer. Cuyamel Fruit.. Davison Chem. . Dehenhms (2.91) Deere&Co pf(7). Del & Hud(9)... Del L & W(17) Detroit Ed(8). .. 3 Devoe A (13.20). 291 Devoe&R 1st(7) . 77 Diamond M (8). 1074 107 | Dome Minesc1). YT 8% | Drug Inecd). ... 9% | Dul S S & Al pf. | Dunhill Int (34). Dunbill (rts) | buront (11).... i Darham Hos pf. Eastman(18)... stman pf(7) Eaton Axle (3) | Eisenlohr&Bro. . senlohr pf(7). Kitingoniz%) . Elec Auto L (4). Electric Boat. .. 831, | Bleclow&Lt(1), Mengel(rights). §0% N0 | Blec PRLE bf (7 Motiot nf-1 407 ok Miami Cop (2). 204 oy Punsms ML Contiosnt.. 150 = Pu S pfis). Mid-Cont Pe rts. 130 Middle States 60 Mid States ctts 6913 Midland pf(112) " 43 43 8% 73 102t 102 105% 103% 23 23 4% 55% 55 55 40 39% 40% 131 130 130% 156'% 154% 154% e 139 139% e 4T 4T% 12% 9 49% 874 381 84k 155 126 68% 51% 42 125 Armee du Salut. 1815 52l 167 677 1% 165 4 225Y% Y9 120%p " 64% % South Calif Ed South Dairies A. South Pac(6). South Ry(8). . SouRyM&O cfs 4 Spang Chalfnt. . Syear & Co Spear&Co ! Spicer Mfg. Spiegel Co (3).. Stand Com T(1). S1d G & K (3%). Std Milling (6). Std Millg pf(6). Std O of Cal(t3) StdOiINJ(11%). Std0:INY (1.60). ‘:“ with a few specialties outstandingly prospect of a change. 130 156% 1394 140 491 49! 12% 79 50% 8T% 41 8 155 128% 12 0% b2t 43 44 47% 1 524 54 . 115% 115% 101 11214 112% 100 100 19 119 o 106% 104's 125% 12 179 21 67% 39% 101 3 THERE IS NO SUBSTITUTE FOR SAFETY M ILLIONS of dollars are invested every year in Shan- non and Luchs, Inc. First Mortgage Real Estate Notes. These funds are intrusted to us by discriminating clients who insist that their money be invested in a non- fuctuating security which is amply secured and which yields a dependable income. 113 109'5 109t 10% 10%2 B3% 83 175 - 20% 667 | 36Y% | 101 109!y 109'5 10 10% 84 6619 36% 804 oL 108 9814 9% 37 118" 118 1 40 181, 1y 1 o A0h Coates, Charles J. Bell. Corb: aniey Co..... Stewart-War(6) Stromberg (3 Studetaker(5).. Submarine Boat. Sun Oil (g1) Superior 011 Superior Steel Sweet of Am( Symington. Symington Cl1 A. Tenn Copper(1). Texas Corpn(3). TexasGulfSul(4) Texas & Pac(5). Tex Pac C & Oll. Tex Ld Tr(new) Thatcher Mfg. .. | Thatchr pf 3.60. The Fair(2.40).. 51% Third Avenue... 36 Thomp J R(3.60) 60 Tidewater AsOfl 20 TIdWASOIIpt(6) 893 TidewatrO(80c) ~ 36% Timken RB(6). 80% Tobac Prod (8).. 100% Tob Prod ctfs B. Tob Prod efs(C) Transcont Oil. .. Trico Prod(2%) Truax Traer. ... Truscon St11.20. Twin CityRT (4) Undwd-El F (4) Un Bag & Paper. Union Carb(8).. 199% UnOilCali2)... 49% Union Oil (rts).. 1% Union Pac(10).. 219% Un Pacific pf(4) 83% Unton Tank(5).. 121% Utd Biscuit 1.60. 52 Utd Cigar St(1). 25% Utd Cgr St pf(6) 103 Utd Elec Coal... T4% Utd Fruit(t5%). 140' Utd Paperboard. 16% US Cast Ir P(2). 44% USCIP 1st 1.20. 18% USCIP 2d 1.20.. 19% U S Distributing 16% (1S Hoffman(4). 46% U S Alcohol (6). 128t US Leather.... 35% USLeathrA4) 61% S Lea pr pf(7) 106 Realty (4) 83 Rubber. 54% Rub1st pf.. Smelt(3% SSmpf(3%). U S Steel(7).... 168 U S Steel pf(7).. 141% Unl Leaf Tob(3) 78% Uni Pic 1st pf(8) 90 Univ Pipe & Rad 20% Utah Copper(12) 293 Util P&L Ate2). 40% Vanadium (14). 104% Van Raalte pf... 62 Vick Chem(4)... 87 Victor Talkg(4). 148% Vietor pr pf(7).. 114 Va-Caro Chem. . Va-CarCh 6%pf. Va-Car Ch pf(7) Vivaudon Co.... Vulcan Detin(A) Marl. 3 Marljn-Roc t3% Marmon Mot(4). Marmon rts Martin-Parry Mathieson(6) 4 Mathieson pf(7) 120% 1204 May Dept St4).. 10 101 Maytag (12). 23% 231 23% Maytag pfi3)... 431 Maytag 1st pf(6 Mengel Co...... i H. Gr 5 \ps F. Hood. Joseph Edward B Shannon and Luchs First Mortgage Notes are secured by the better type of improved busiess and residential property in Washington—and these loans never exceed 609, of the carefully appraised value of the property. This extra margin of safety which is always maintained is one of the reasons why no investor in this preferred medium has ever lost a penny of either principal or interest. ANNUAL YIELD 6% The highest rate of interest compatible with absolute safety. 100 204% 210 150 150 24 m 36 60 20 89'% 36% T8% 99% X 3% Minn StP&SSM.. M St P&SSM pf. MStP&SSM li(4) Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific. MoPacific pf(5). Mohwk Car 2% . Montgom Ward. Moon Motor. ... Mother L (40c).. Motor Meter A.. Motor Prod(2).. Motor, Whi (2). Mullins Mfg. ... Mullins pt (7).. Munsingwr(3).. Murray Corp. Nash Motors(6). Nat Acme(sta) Nat Bel He; Natl Riscuit(t Nat Cash Reg t4 Nat Cash Rrts. Nat Dairy (33). Nat Dept Stores. Nat Distillers. .. Nat Distillers pf Nat Enamig (1). Nat Lead(5). ... 103% 103% 657 654 124 123% 6% 72 144% 137% ™ T 3% 3% 23% 23% 169 167 44% 43 T 6% 102 101 5% 54 0% 68% 105% 103% 30ls 29 215%- 205 194% 190 99% 9T A 1 1% 129% 127% 32 3l T 88% 3% 73 4 6% 57 4 148'% 148% 119% 119% 45% 44k 16% 3% 3% 133 133 116 116 147% 147% 350 349 41 40% 45 44y 191 189 136% 136 9 19% 11% 4l 24% 54 484 94% 39 35% 202% 198% 6 74 141% 140% 20 16% 44% 18% 19% 16 475% 46% 129% 128Y% 35%m 33% 61% 61 106 106 83 82 55 2% 9% 90% 67% - 65 56% 564 168% 164Y% 141' 141': 8% T8l 90 90 20% 20 293 293 40% 40 107% 102% 62 62 93 87 149% 147% 114 113% 28% 224 64% 624 96 96 13% 13% 45 3% 25 23% 8043 First Mortgage Investments Telephone Main 2345.. 1435 K Street Northwest Nat Radiator. .. Nat Ry Mex 2d.. Nat Supply(18). Nat Supply pf 7. Nat Surety (5). Nat Tea(4)..... 3 Nevada Cop (2). N Y Alr Br(3) N Y Central(8 N Y C & StL(6). N Y CStL pf(6). NY Kevononn N Y & Harlm(5) NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn. N Y Stm p£(6).. NY Stm 1st pf 7. NorfolkSou 13% Nort & Wn(f10) NorAm b10%stk NorAm Ed pf(7) No Germn Lloyd North Pac(5)... Nor Pac cfs(5).. Northwn Tel(3). N alk Tire. .. Norwalk Tire pf. Nunnally Co.... Ofl Well Supply. Oil Well S pf. Omnibus. .. . OppenhmCol (4., Orpheum pf(3). Otis Elev (6) Otis Steel. .o Owens Bot (cé). Pacific Coast. .. Pac Coast 2d pf. s S s s u u U u u u 116% 116% 284 28% 102% 101% 114 43 Walworth(1. Ward Cl1A(8)... Ward Baking B. Ward Bak pf(7). Warner Bros Pie 1257 Warner Bros pf. 55 Warner-Qu(2).. 37 Warrn Bros (t5) 158 Warren F&Pipe. 28% Web & Heil. 817% Wesson O1] (4)..102 Wes O&Sno pf7. 107% W Penn El pf(6) 100% W Penn El pf(7) 110 West P Po pf(7) 116% Wesr Dairy B... 26% West Maryland. 4315 West Md 2d pf.. 43% West Pacific.... 35% West Pacific pf.. 58% West Union($).. 190 Westhse A B(2). 47% Westinghse(4).. 142 Westhse 1st(4). 138% Westhse Elrts.. 44 Weston Elcctric. 24 White Eagle(2)." 34% White Mot(1)... White Rock (3). White Sew Mach White SM pf(4). Wilcox Ol & G... Willys Ov ¢1.20. Wilson & Co Wilson Co pf A 25 25 Wilson & Co p! 68% 69 68% 69 Woolworth (6).. 209 209 208 208% Worthn Pump.. 60% 61% 68 58 Worth Pump(A) 91% 91% 91% 91% Worth Pump(B) 81% 81% 80% 80% Wright Aero(2). 288% 292 271 273% Wrigey ((13%). 74 7T% 74 4% Yale&Towne(4). 62% 62% 62% 62% Yellow Truck... 39% 40% 39 394 Young Spring. 59%. 60% 658l b58% Youngstn Sh(5). 112% 112% 110 110 Hourly Sales on N, ¥, Market. 10:30 a.m.. 547,800 12 m... 1,741,500 1:30 p.m. 8,568,200 2:15 p.m3,127,200 Dividend rates as given in the above table are the annual cash payments based on the -yearly declarations. 4% in stock. § Plus 29% 29% T4 ) t 0. 04% 104'% 104% 125% 55% 158 158 29% 28% 81% 80 102 100 107% 107% 100% 100% 110% 109% 115% 115% 267 265 43% 42% 43% 43% 35% 35Wm 58% 58% 195'% 190 487 4T 1427% 138 138% 136% 4% 4% 24 24 356 34% 48% 46% 48% 4T% 42% 564 21 317% 12 11% 824% 309% 41% 39% 87T% 87 231 23% 30 29 53% ) Pac Tel & Tel pt Packard Mot (3) . Pan-Am Petroim Pan-Amer Pet B. Paramount-F-L Park & Til(33).. Park Utah(80c). Pathe EX....... Pathe EX(A). .. 425 18% 494 5% 93% 684 54% 86% 9% 142% 126 88% 36% 21 20% 42% 41 108 108 25 26 80% 79 164 162 you make January investments c>nd for this guide to Straus offerings “YYOR attractive yield, lookto which make bonds the back-log of any the bond market today.” sound investment policy. advice now Ee':li\'z ;?v:mi;;ie:gntb; Seaua edof.eringfu fii:'dude - m‘:z practically all financial observers of diversified list of first mortgage r minence. estate bonds, originated safe- o 3 guarded under the Straus Plan, a prin- Investors can take advantage of a ciple which has proved how ] ly situation which has led such shrewd it protects investors for nearly fifty operators as the life insurance compan. years — yield from 5.75 to 6.25 per ies, investment trusts, and savings cent. The present portfolio also banks to make large bond purchases for their own includes high grade munici- pal, public utility, rai reserves. d foreign bonds yieldin, S.W.STRAUS & CO. have ot e r—horsson %3{';0";?’"“ a lm-ell ll::;; at present market prices. high '“d. The bonds now available offerings now available to obier excelletitop uary Th {,:,n Lt e to diversify your present nds are extremely attrac- ) tive as to yield, and possess holdings. In writing ask for BOOKLET 595-G - the time-honored safeguards S.W.STRAUS & CO. £ e £ - b L INCORPORATED 929 Fifteenth St. N.W., Washington INVESTMENT BONDS Telephone National 5925-6 ESTABLISHED IN 1882 Penick & Ford.. Penick&F pf(7). Penn Dixie Cmt. Penn RR(3%).. Pere Marq(18).. Pere Marq pf(5) Pere M prior(5). Pet Milk (1%).. PhilaRaT pf 3%. Phila Co (17)... Phila Co pf(2%) Phila & RC &1, Phil Morris(1).. Phillips P (1%). Pierce-Arrow. .. 21 38 49% 47 48 19% 19% 19% 104% 1025 102% 26 25% 26% Pierce Petroim. . Pilsbury (1.60).. Pillsbry pf(6%) Pitts Coal Por RicoToA(7), PortoRicoTobB. Postal T&C pf 7. Postum(3)...... Prairie Oil&Gas. Prairie Pips L. . . Pressed Sul Car. Pr Stl Car p£(7). Produ & Refinrs. Producers&R pf. Prophylactic t4. Pubic SerNJ (2). Pub Serv pf(6).. Pub S NJ pf(7).. Pub SE&G pf(6) Pullman Co(4).. Punta Aleg Sug. Pure U1l (1).... Pure Oil pf(8).. Purity Bak(3).. Radio Corp. ... Radlio (new). ... RadioCo pf(3%) Radio-Keith(A). ReadingRy (4).. Reading 2d(2).. Real Siik Hos. .. Real Silk pf(7). Reis(R)& Co. Remingtn-R Rem-Rd 2d(8) Reo Mot (11). Rep 1 &S(4). Rep 1 &S pt(7) Reynolds Spngs Rey Tob A 163 . Rey Tob B 16%. Reynolds B new. Richtield O11(2) .. Rossia Ins 16% . Royal Bak P(1). Royal Bakg P pf Royal D(a3.222). 13% 1o able in stock. ¢ Pl able when . earned. 10% in_stock, " hPartly stock. | Plus 20. oK K Piable 1710 share ‘dunrier Unitea Slxar Stores common stock. B %% In stock. EQUIPMENT IS ORDERED BY WESTERN MARYLAND Special Dispatch to The Star. BALTIMORE, January 15.—The Bethlehem Shipbuilding Corporation has been awarded a contract by the Western Maryland Railway to build three two-track steel car floats. The steel plant now has orders for eight steel vessels, which will give: employ~ ment to an increased force for several |, months. The Western Maryland car floats are to be 190 feet long, 35 feet beam and 9 feet molded depth. ‘Three three-track car floats for the Frie Rallroad are to be 325 feet long, 38 feet 6 inches beam and 10 feet 8 inches molded depth. The shipbuild- ers also have an order for two steel barges for the United States Engineers for the Wilmi (North Carolina) district. They will be 60 feet long,-22 feet beam and 4 feet molded depth. The eight_vessels will be built at the Ispnrovu Point plant. Int Tel & Tel rts Interstate D S. . IntrDep Spf7.. Intertype(t13%). lowa Central.... Island Creek(4). Jewel Tea (rts.. Jewel T' (7). Johns-Manv(3). Jordan Motor. Kan City South Kan C So pf(4) Kaufmn DS 1% . Kayser J(5) Keith-Albet Keith-Al pf(7) Kelly-Spring... Kelly Tire 8 %pf Kels Hayes(2).. Kelvinator Corp. Kennecott (8)... Kinney (G R). Kolster Radio., Kraft-Pho(1%). Kraft pf (6%).. Kresge St(1.20). Kresge Dept S.. 135% 363 135% 4, 356 . Tobacco Firm Income Gains. WINSTON-SALEM, N. C., January 15 (#)—The annual statement of the R. J. Reynolds Tobacco Co., sent to stocl holders, reveals that for the eighth con- secutive year the company’s earnings increased over those of the preceding year and that the 1928 earhings break all records for tobacco manufacturing 48% 15% . firms. During the past year the company earned $30,172,563, equal to $7.53 per share on 4,000,000 shares of common stocks outstanding, as compared with earnings of $29,030,634.70 for the year 114% 237 102 81 —_— English association foot ball has be- 3 | come a national game in South Amer- 53% lca, i . " 2 0% b4 61 B34 927, -