Evening Star Newspaper, January 17, 1929, Page 15

FINANCIAL. BOND PRICES DROP [N HEAVY MARKET U. S. and High-Grade Cor- \poration Issues Hit by Money Rate. BY CHARLES F. SPEARE. &pecial Dispatch to The Star. NEW YORK, January .17. — Bonds that are influenced chiefly by money rates were distinctly heavy today. Not only did the United States Government group sag off, reaching the lowest price on this movement, but there were signs of moderate selling in the high-grade corporation list and of a withdrawal to await a clearer situation of some of the institutions that have been the main support of the market for weeks. The United States Liberty issues were again below par. Although the volume of trading in them was not large, they were weaker in appearance than since last Summer. The Treasury issues also declined with the 4!4s and the two issues of 33g per cent certificates suf- fered mosi. The 33%s of 1947 at one time were off % and over 8 poins from the price at which they were selling a year ago. All of the short term Treasury cer- tificates were likewise heavy, with the 3% due in March, quoted close to a 5 per cent basis and 4!4 per cent notes due in September and in Décember, at discounts ranging from ¢ to 3% .per cent. Among the corporation bonds that re- | flected the conditions overshadowing the Government list were Atchison 4s, Union Pacific 41¢s, Baltimore & Ohio refunding 5s, Pennsylvania 43;s, Stand- ard Ofl of New Jersey 5s and Prisco p lien 4s. ere were numerous declines in the straight mortgage issues of industrial companies. National Dairy Products 5148 were under pressure, selling at the lowest. of the year. Mercantile Marine 68, United States Rubber 5s and Goodnr year 5s wepe slightly below yester-! g, Most of the local trac- | g day's closii tions were Jower. Junior rails acted better, with further geins in the Sea- board Air, Line issues and in St. Paul adjustments. . P ¢ + The zfé gain “in” the " convertible group. irf te early part of the session was ¢ of 4l PomLs in Anaconda Copper - 75. ~ Public Service of New Jersey 4158 were up 1!, points early and aftery showed a net loss. Much of the trading in International Tele- 158" was below yesterday’ 3 were off 2 points, Barns- dall 6s -fl&Oolan Oil 6s acted against the generaltrend, the one rising 1lg points -ahd the other 2 points. Hud- son Qeal 5s°lost nearly 2 points, P SN SR U;m:mh to Merge. 1.0 ., Ky, January 17 (®).— Three" Loulsville banking. institutions with total resources of miore than $87,- 000,000 .are to be merged, it was an- nounced y. They are the Na- tional Bank of Kentucky, the Louisville National Bank & Trust Co. and the Louisville Trust Co. UNITED STATES '.nlqlltr- n %000 Lib3%s... 25 Liblst4%s 8 Lib 4th 4%0s 129 US3%s43. 20 US3%s47. DEELY 35 US 45 1944, US4yss2, 9716 9712 722 97 10210 1027 1 105 10 10510 10510 11017 1105 11017 FOREIGN. Sales. High. Low. Close. 7.91%, 9l 9la 6 100% 100% 100'2 1004 100 | 96% 41100% 100 RB8Y 965 96% 102% 97% 994, 1004 1084 108 108 115 Argentine bs...... Argentine 6s Ju 53, Argentine May '61. Acgentine 68 Uct b Argentine 5%s Argentine 6s A Argentine 6s B Australia 4%s 56.. Australia 58 1955, Australia 58 1957 Austria 7s. Bank of Chi Bank of Chile 6%s. Belgium 6 28 88% 5. 9674 8 96% 4 102% 6 984 13 994 100's . 2 108% 21 108 5 108 102% 971y 99 100% 1068 1077 108 114% 109% 9319 1035 | Bordeaux Brazil 6348 19; grlzll 6819 Bremen State 7s. Canada bs 1931. Canada 58 1952, 1929.. 111 100% 35 93% 83 93 14 101% 504 1 Chile 7s 1943, Colombia 6s Jan'61 | Copenhagen 434853 8 88l Copenhagen 6sct.. 28 967 Cuba 5%s 5 103% Czecho 8s 1951. 6 11t Danish Munic8sA. 3 110% 23 89% 65 104'A 1 102% 7 103% 0% 884 964, 103% 1t 110 89% Denmurk 6s DEI5%s N Dutch East 1 6847, Dutch East 168 62. 9 1033 Fiat 7s war "46,.+~. L 165 Fiat 78 x war 4.7 50 100'% 100 105% 107% A12% 107 9% 101 Framerican 7 French 7s. French 1%s.. German is. ., Ger Am Bank 7s. Hungary 7%s, Irish Free State Ltaly 7 ltalian Japanese 4 Japanese 6%s. . Lyon 6 Marseill Mexico 48’10 asnt., 10 Milan6%s, > 95 107 106%: 3 9T 101 i 99% | 99% 99 21% 21% 891 90 | 100 100 9% 95 4 - 94% - 94% 101% .101% 96% 97U 1015 1015 1025 103% 102% 1025 103 | 103! 97% 97% 994 - 99% 95% 95% 21% 90 Nerway 5%e...:, Norway 63 1943.... 28 103% Norway 6s 1944. 6 10213 Norway 63%s 195 7 103% Orient Dev deb 8 977 Pari| od 45" 990 Paris Orleans 51352 23 9574 90, ! 965 | 1004 | % Car Clinch&O 6s 52, THE EVENING | ON NEW YORK: BONDS@ Reccived by Private Wire Direct to The Star Ofice ' ol Sales! High. Close. PacT& T5s52.... 28 105 ' 1044 105 Pan-Amer Pete 65, 4 104% 1041 104% | Paramount s 1947. 8 100%: 99% PhilaCo 5367 wi.. 64, 99% 993 Phila&ReadC&l5s. 17 90% 90% Philips Petro 5%s.. 13 931 . 93% Pierce-Arrow 85 107 107 Por Ric Am Tob 1003 100% Postal Tel & C5lk%s 29 9414 937 Pressd Steel Carbs 1 97\ 972 Public Service 4%8 143 193 190% Punta Alegre7s.... 15 87 §6 Rem Rod 6%s war. 15 94% 94% Sinclair Ol 6s...... 100 9914 i 1015 101% Sinclair Crude 5%s Sin Pipe Line 5s. Skelly Ol 5% 8 South Bell Tel 5s.. Southwest Bell 55 Stand Oil N J 5s 46. SugarEstOriente7s. Tenn Copper 65 '41. Transcontl Of) United Drug 5: U S Rub 1strf 103t 1041 104'2 103 102% 9y 97 106 106 102 1017% 97 96% 10. 1wz 102 10715 107'% 107% 100 100 93% 93% 103t 1027% 10315 103 Westn Union 6%s 110 110 Westinghouse fs... 7 104% 104% White Eagle O 53%s 8 103% 1033 Wiison & Co 1st 6s. 13 101'3 101 Willys-Ov 614s33.. 1 102 102 WinRepeatAr 713s. 10 103 108 Yngstn S&T 5s wi. 27 101 100% RAILROAD. Ann Arbor4s...... L 6% AL&SH cvt4s 05, ., Atchison ad) 4i Atchison gen 4 Atl & Dan 1st 45 43 Atl & Dan 2d 45 48. Atlantic C L 1st 4. Atlantte€ L el 4 B & O Gold 4. s 1047% 10345 101 102 108 100% T8 9013 88 921 75 6% 90 - . % 664% 9% 89% 92% w8 102 101% 104 109 101 N3ty 08 75 W38y 6514 9% 49% 102 101% 101% 104 104 104 “109% 109 02 1'% Bl 98 Brdway&7th Avis 5 Brooklyn Elec 6%s Brooklvn Elev 8148 Bklyn Mannat Bkiyn Un El 5850, Bklyn Un El 58 sta Buft K & Pitt 4%s.. Can Nat 414830.... Can Nat4%367.... 914 % 92 991 99% 95% 95% 111% 111% 86% 4% 8% 984 108 108 105 105 100 100 q 901y Central of Ga 53;s. Centra of Ga 6 Central Pacific Cent Pac 18t 58 90. . Chesa Corp 58 wi.." Cnes&Ocv 4%s Ches & O gn 4%s Chi & Alton 3s. Chi & Alton 3%s... Chi & Alt 3%s ctfs. Chi B&Q gen 4853, CB&Q4%s877B CB&QIldiv4s.. Chi& 1)1 gn 68 51, Chi Gt West 4s 987 . 691 89! 70 0 70 70 92 | 92 R 9y 924 923 81 894 811 B9 STAR, WASHINGTON, D. ADVANCE IN CURB PRICES CONTINUES Standard of Indiana Holds| Chief Interest—Utilities in Demand. BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. | NEW YORK, January 17.—Specula- tive interest in curb nmarket issues broadened today and took in numerous groups which had been lagging behind recently. Standard of Indiana still held the spotlight, and after opening-on a block of 6,500 shares at 100, a gain of almost a point, it was turned over in enormous volume within a range of 2 points of this figure. . The open fight between the Rockefeller and Stewart factions to obtain sufficient proxies to accomplish | their purpose at the coming meeting | was still credited as the basis for the | d°mand for the Indiana shares. { The spectacular Ford Motor of Can- {ada stock appeared to have settled down |around the 675 level, where it left off | yesterday, although at the outset it re- corded a gain of 20 points. Public utilities were among the lead- | ers of the advance, with special strength in such issues as Penn-Ohio Edison up { almost 3 points, Electric Investors up ( more than 2 points, Lone Star Gas al- most a point higher and United Gas up |a like amount and all at new high | prices for the year. United Gas was| considered attractive inasmuch as it controls four complete systems for the production, transportation and sale of natural gas to the principal centers of | Eastern and Southern Texas and West- | ern Louisiana. ‘The mining shares as a group were in better demand, influenced by strength in related issues on the stock exchange. Anglo Chilean Nitrate reached a new |t.o§1 for the yea¥ above 42, Newmont | Mining gained some 3 points, Noranda { and Kennecott Copper new were higher | and even the low priced Ohlo Copper | managed to establish a new top at 3. | Alrcraft. issues were inclined to work | higher but the group was without par- * | ticular feature. Ford Motor, Ltd., the shares representing the British com- pany, was fractionally lower most of the time, but pressure was not pronounced. { Curant Motors sold fractionally higher, following announcement of the changes in the directorate. Guardian Fire Insurance capital stock of $10 par value was wadmitted to trading and changed hands initially at 5985, Later the price rallied across the 60 level. New high records were marked up in such speclalty favorites as Fash- ion' Park Co., incident with announce- ment of the proposed merger with Weber & Heilbroner and the Stein- Bloch Co. Squibbs up 10 points at 76, Mond Nickel up more than a point and Schulte Real Estate almost 2 points higher. The heavy demand for Fox Theaters class.“A” was coincident with reports that an. important announce- ment was forthcoming within the next few days. This was thought to have to do with new acquisitions. Trans-Lux C., THURSDAY, ‘NEW YORK CURB‘' MARKET Received by Private Wire Direct to The Star Office Special Dispatch to The Star. NEW YORK, January 17.—Following s w list of stocks and bonds traded -in on-the New York Curb Market today. with the volume of sales and prices up to noon: Sales in hundreds Pgck : 3 Allison * SEst 8Am & For Pow war 55 1Am Clgar ......... 140 1Am Com Alco vic.. 83 1Am Commonw 5 9 Am Am 8 & G p ptd 13 Am States Sec A 33Am States Sec B r Stores Superp ‘A 1Axton Fisher A 8Bahia Corp ...... * 4 Bellanca_Alrc ‘vic s E WY 4Braz Tr L & P 2 Brit-Celanese_ Lid 1 vy R R W, .. 1 Cons Auto Mer vie.. 2 Cons Anfn Mer pf 58 Consol Film ... 5 Consol G Balt. 18 Consol_Laund 11Cons Ret Storss’ '[! 3 10 Curtis Fiving Serv ANe For R C 3 Dominion St Lfd 32 Donelas Afreraft 4nDubilier © & R 21 ke Pow . 27Du_Pont de N n 28 Drant Mote® 1Fast States Pow B 118 ¥l RondASh See Cor 94 F] Tnvest Inc........ 14Fm Pow Cor 11 Fyans Anfa e 15 Fyane Wall Lead, .. 4 Fairehild Aviatn A 2 Hires Ch 4 Household 16 Huylers 8! JANUARY 17, 1929. 2 New 10 Nor adford O ... lern_t Tex Oil § Reiter-Foster 7Ryan Con ... 38 Texon Oil & 8 Texon Oil & Land n 18 Venezuelan Pet ..... Sales in_ STANDARD OIL ISSUES AND FOR- units. MER SUBSIDIARIES—STOCKS. i edhe 10% 18% 18 S0 &m O -t IdE I8 dad 7s 9975 Sales BONDS. in thousands 5 Abbott Dairies 65 '42 997 3 Abltibt P&E 55 A 53 8 20 Am Gas'& ‘El 58 30 Am Pow & Lt 68 5Am Rad 4125 ' s 3 %s | By the Associated Pres: FINANGIAL.’ CORN PRICES:GAIN IN EARLY TRADING, | Increased Values in Argentina and at Liverpool Affect | Chicago Pit. X CHICAGO, January ° 17.—Bulging prices for corn in Argentina and’at Liverpool sent the corn market here soaring anew today in the early deal- ings. All Chicago deliveries of corn jumped to a new high price record for the season. Opening at 14 off to ¥s up, Chicago corn soon scored general gains. ‘Wheat, oats and provisions were also stronger, with wheat starting unchanged to % advance and afterward holding near to the initial figures. Sharp advances in corn values today at Buenos Afres, as much as 2lg a bushel in some cases, were promptly seized upon here as confirming acute need of further rain to relieve drought in the Argentine corn belt. Mean- while, the Liverpool Corn Market was reported as 27 up overnight for United States corn, which was still undersell- ing corn from Argentina. An additional stimulus to corn buy- ing in Chicago today was an estimate 38 93 '48 109% s1d 109 1., 10: Ut bs A 58, 9 4 Hous Gulf G 6s A '43 9 6 Ind Oil & Gas 6s '39.. 107 111Ind P&L 55 A '37.... 99% 9Kop G & Coke 58 Laclede Gas 5128 '35 . 1 Lehigh Pow 6s A 2026 1 11 Lone Tal Lt s 45 1 McCord Rad 65 '43.. 98 Na Strauss Inc 6s ‘38 136 81,3 "25,. 101 A 20 00 0% 04 % 1 &) aB0mt 5% 274 | and thin, 20; old hens, 27a31; Leghorns, current - that the probable export sur- plus of the 1929 Argentine corn crop was only 157,000,000 bushels based upon existing conditions. This compared with actual shipments of 228,000.000 bushels for 1928 and 290,000,000 bush- els for the last preceding crop year. Profit-taking sales, which increased on today’s advance in corn here, were gen- erally well taken. Baltimore Markels Special Dispatch to The Star. BALTIMORE, Md., January 17— Potatoes, white, 100 pounds, 1.10al.40; sweet potatoes, barrel, 1.5023.25; bushel, 2.00a1.75: yams, barrel, 2.00a 3.50; beans, bushel, 4.00a8.00; beets, 100, 4.00a6.00; Brussels sprouts, quart, 2.0022.50: cabbage, -hamper, 2.00a2.50; carrots, 100, 4.00a6.00. Cel crate, 1.50a3.50; cucumbers, bushel, 4.0028.00; egg plants, crate, 5.00 28.00: kale. bushel, 60a75: lettuce, hamper, 1.25a2.00;_onions, 100 pounds, 1.25a4.00; oyster nt, 100, 6,00a10.00; squash, crate, 3,50a4.50; parsnips, bas- ket.- 60a70; Savoy cabbage, bushel, 753 1.00; spinach, bushel, 60a90; tomatoes, crate, 1.00a3.00; turnips. basket, 40a60; apples, ‘bushel, 75a2.00; cranberries, half barrel, 7.50a10.00; grapefruif, box, 2.00a4.00; oranges, box, 2.50a4.50; tan- gerines, half strap, 1.75a3.2! berries, quart, 70a75. Dairy Market. TLive poultry—Turkeys, pound, 35a40: old, 25:%(0): Spring chickens, 32a38; poor CompLETE FINANCING Ist & 2nd . TRUST MONEY On homes, apartment buildings and business properties. No apprai sal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Main 1403 Westheimer & Members of the New York Stock Exchange Baltimore Stock Exchanse Cincinnati Stock Exchanse Chicaso Board of Trade WOODWARD BUILDING Telephone Main 5500 Private Wires to All Important Points Mortgage Money Lonlge‘d At Low Interest Rat. Tyler & Rutherford «weoresenting Mutual Benefit Lite tns. Co 1520 K Street . Main 475 . " UNLISTED = - Stocks & Bonds 27a28; small and poor, 20; old roosters, 17a18; capons, 34a40; ducks, 20a30; geese, 18a26; guinea fowls, each, 40a80; pigeons, pair, 30. Dressed poultry—Turkeys, pound, 328 38; old, 25a30; young chickens, 30a35; old and mixed, 25a30; old roosters, 18 220; capons, 34a43; ducks, 25a30; geese, 20a26. Eggs—Receipts, 1,621 cases: native and nearby firsts, free cases, dozen, 36; current receipts, 30a35. to creamery, Bought—Sold—Quoted Woodward Bldg. Mainss41 Matn 317 Opening for Fin pfd .. e Butter—Good fancy pound, 45a49; prints, 49a51; blocks, 48 a50; ladles, 38a40: store packed, 29; continued active just under 11. John Stites, president of the Louis-{ Peru 6587 w ville Trust Co.. said the merger already | Peru &w ctf; approved by the directors of | Peru 7s. 10 Tmp* Tab Can.. 3Imp Chem In 2Insur Co N 89% . 89% 890 89 Investment Salesman zgldt institutios Office: he n, - rs of the three organizations, including James B. Brown, president of the National Bank of Ken- tucky, and Richard Bear, president of the Louisville National Bank & Trust Co.,, will ifor out details. £ Bessemer Plant Rumored. NEW YQRK, January 17 ().—Bes- semer Securities Co., Lolding concern for a grop of cement companies, was re- ported in ‘Wall Street today to have ‘hased & 10-acre site in Pittsburgh, ., f0r' a cement plant. 1 NI Washington Stock Exchiange |5 SALES, ? J Potomac. Blectric 5%2% pfd.=7 at'108, | 2 at 108 g bl Union Trust'Co.—5 at 360, 5 at 360. Lanston Muonotype=10 at 12 Ter. Ref. & Whrs. Carp.—10 at 51, 10 at 51%, 10 at 51%, 10 at 51 B AFTER CALL. Capital Traction Co.—15 at 10673. Potomac Electric 5% % pfd.—1 at 108. Second National Bank—10 at 255, 10 at 255. § American Security & Trust Co—~4 at 461, I gt 461, 2 | Riggs Naticnal Bank—3 at:'573, 3 at| 74 3°at 574, 2 at 574, 3 at 574, 10} at 574, 1 at 574, 20 at 575,, 10 at 575. UNLISTED DEPARTMENT. Washington Savings Bank—100 af 15%;. | Bid.and Asked Prices. | BONDS. . PUBLIC UTILITY. Amer. Tel & Telga. 4 Tel - & Telga. 4723 & Tel. ctl,_tr. B 65, series B piy. wy. & Elec. ds v. & Elec. ge: 'MISCELLANEOUS. ber & Ross Inc. 6la.. anblt Hotei 612y 9 102% Wash Co. 63 £ ‘Wardman Park Hflkla;‘u . 10 1 STOCKS. PUBLIC UTILITY, . NATIONAL BANK. Nationai Capital. .. ct % Federal-American Bank Liberty . : coln ... National Metropo R Second ). 2 250 National 'Bank ‘of, Washington. 312 ‘TRUST COMPANY. American Security & Trust Co. 458 Continental Trust Merchants' Bank. .. gy National Savings & Trust. ..., Fust T Trus : Washinglon Loan & Trust SAV: Bank of .Bethes Commerce & Savings East_Washington Botomac i Security Sav ommercial Seventh_Street y United States e Washington Mechanics > FIRE INSURANCE. American remen's National Union P 3 TITLE INSURANCE Columbia_ Title g Real Estate Tiile _ Tit nv Co. of Md. ‘com Title pfd Wash. Cons. MISCELLANEQUS. Barber & Ross, Inc.. com Chevy Chme Dairy pid Col. Commercial Netl. Co. pfd.’. D. C. Paper Mig. pid Dist. Natl. Securities pfd Federal Storage pid Federal-American Co com Amer erch. Trans. & Storage Merch Trans. & Storage Mergenthaler Linotype Natl Mtge. & Inv. pfd Peoples Drug pid 5. Cotp all 1td tge. com a1l Ride Con othrop pfd Ex dividend. jAmAgTIChem 7%8 102} 102% 1437 14472 82 82 88 88 981 99 106 106 20 104% 104% 104 o .12 109% 109 108% 2 104 * 103% 104 Pirelli 7s Poland 6s 40 Poland 7s (rcts) Poland 8 Bhi Rh Rhy Rio de Ja Rio de Jan 8s glo Gr Do Sul 161 934 CMSP&Pacadj5s03.104 787 T78% Chi & NW gen 43 ‘2 90 90 2 96% 964 B 1054 105'% 834 Cht Rys 6s. ) Chi R1&P rf4s... 20 94% CRIPac4%swli,. 17 9213 92 Chi'T Hinc 68 60... 5 90% 90% Chiln Sta 4%s.... $:100-- 100 Chi Union Sta 6% s, 1°115% 114% Chi& Windends.. 3 57% 87T C&W)5%862.... 1104, 104 CCC&StL 448 E77-25 97 - 96% 26k CCC#StLrfésA. 17100 100 100 12 1043 104% 104% . 107% 108 Saxon (PW) 7s. Seine 7s 42.. Serbs Cr Slav 7s, Serbs Crot Slo 88 Shinyetsu 635 52, Soissons 6 Sweden 6s. . Swiss-5%s 104 94 ML 9y 8% 99 A 102 1028 103% 103% 110 1104 981 98% 89% - 89% 118% 118% 104- 104% 8% 91% 95% * 96 Utd Kingm 6%s Utd Kingm 513837, 8 Vi s ceeas 17 Yokohamaéswi... 12 MISCELLANEOUS, Abram&Straus 5%s 3 117 116% 117 A)ux Rubber 8 3 1084 103 ' 103 19 108 105 " 105 2 97% 9T% 9T% 21 96 95K .98 7 101% 101 101% 9 104% 104 104% 13 99% 99% 99% 7 104% 103% 108% 52 1047 104% 104% 13 107% 107 107% .6 98% 9Bl 98% 0 105% 105 105% 2 193 191% 193 7 9% G1% 9% 20 921 92 921 2 8% 173% T84 25 1372 138 137 9 995 99% 99y 1 1054 1054 105% 11 100% 100% 100% 10 103t 102%5 102% 18 105% 105 105 6 105% 105 105 1.103'% 103% 103% 23 1% 80 . 80% 28 95 9414 94l 75 115% 114% 115% 29 99% 99% 9978 9 72 Tu T2 5 105% 105% 105% 7 1% 1% 114 198 78" Mg 1101 101 8 iy B0 Am Chain 6s'33 Am NatGas 6%48'42 An Smit & R 1st bs. Anaconda 1st 6s.,. Anaconda cv db T7s, Armour&Co4%s 3! Armour Del § Atl Gulf S 5s. Barnsdall 6s 194 Barnsdl 6s w o war Bell Tel Pabs B, Bethiehm Stl pm Beth Steel 575 Bethiehem Ste Skiyn Edison Bush Term Bldg b Certain-Td5%srcts Chile Copper b Colon Oil 63 '3 Col Gas&E| deb bs. Cun Coal Md 1st 5! ConGasN Y 5%s Cuba Canecv 7s Cuba Cane 8: Denver Gas bs Dery (DG) 75 { DetroitEdison 100 104 100 Duguesne 4% East Cuba Sug 7% Gen Cable 5% s '47. Gen Mot Ac Cor 6 Goodrich 6% Goodyea 28 100% 8 93 21 108% 1031 103% 3 107% 107 107 <o 3¢ 93% 93k 93a Hoe & Co 6% 4 86 85 86 Humble 011 3s. 12 100% 300% 100% Hurmble O & R 5%s. 12 101w 101% 1011 Lilinois Be)l 1st5s.. 2 104/ 104% 104%x Indiana Steel 53 1 104% 104% 104% Inland St 4%s'78. 92% ° 92% 92 { Intl Cement 68 48.., 41 111% 111 111 Intl Match bs 47. b 984 93 98 Int Mer Marine 8s.. 1 100% 100% 100% Tnt Paper bs 47. 5 96 957 96 Inter Paper6s..... 9 97 961 int Tel&Teleg 4%s. 6 914 9% Int Tel&Tel 4%s wi1289111% 111 1114 Kayser J & Cob%s. 14 135 13215 135 City P & L b 104% 104% 104% G&E6352. 1054 106% 1054 lede 6 6% s b2 1054 106 105 Ligget&Myers5ss 102 302 102 Liggett & Myers 120 120 120 Loew's Inc b8 119% 119 119% Loew's 65 W o 100% 994 99% Lorillard 53 8O B K6W Lorillard 5% 6 88 a7 B8R | Loriliard (1) 7 124 12 112 ManatiSug st 7%8. 991 491, 99% Mid-Con 6148 40. 105 105 105 Midvale Steel b 100 997 100 Mont Pow 68 43 103 10202 102% Mont Power deb 55. 4 1005 100 100% Mor's&Co Ist 4%s. 88 8T 8T Nat Dairy 5%s.. 96 95% 95% Nat Tub 1st 58 104 1037 104 RewEnglandTel bs. 108% 106% 106% N'Y Edison bs 44 104% 104% 104t N Y Edison 6%n... 2 114% 114% 114% 2 96 9614 94Y% 97 o7 20 97% 97 ‘97 2 95m 95% 95% 3 101% 101 10D% 18 924 92 2% 7.91%. 9% 9)% 23 94% 93%. 9% 9 94 93% 93% PR 2 87. 871 ConnRy&L4 ;s sta. Cuba R R b Cuba RR 7% Cuba Nor 5igs cts. Den & Rio G en 4s.. Den&RioG 438 3 D Rio G West 5s. DRG & Wst 8™ Des M &FtDds... Jei 68... Eria Genessee R 6s. Gr Trunk stdb 6s Grand Trunk is.,.. Gt Nor 4%8 76 D Grt Northn 4%s K. Great North bs.... Great North 5%s Great Nor gen 7s. Green B& W deb B. Hav EI Ry 5852.,.. 2 81 Hav El Ry 5%s51.. 3 61 Hud & Man aj 51 12 83 Hud & Man ref 6s.. 17 96% 111 Cent 4 1 925 2% 111 Cent 48 53 1 87% 87 7100 - 99% 8% T8 31 T8 T8 11 81 Bi% 2 1104 1104 10 111% 111%s 13 105% 105% 4 113 112% 1 96% 964 12 9% 96 10 102% 102% 9 109% 109% 83 112% 112 1 29 28l Int Rapid Tran bs.. Int Rap Tr bs stpd. ‘Int Rapid Tran 6; int Kap Trans 7s 6 99% B9%: Int Gt Nor 58 1956.. 10 955 95% Int&GitNor adj 6862 10 94l 93l InnRysCA6s72.. 1 80% 80l lowaCentrfds.... 7 15 14 lowa Cent 15t 58...107 51 5l City 8 179 75 12 99 99 Kan City Term 4s.. | 894% 89% Lake Shore 4s 31 6 97 YTy 8 88 88 LehiVgen 4%s 1 97% 974 Lehigh Val 55 2003. 1 10Tk 1074 Louis & Nash5sB. 2 105 106 Louls & Nash 7s. 10 102% 1024 ‘Market St 7s 40. 3 9Th 9T Mil ¥l Ry & L 5s 61 Minn & StLref 4 Minn & StL cn bs M St P&SSM cn'4s. MStP&SSM5is3sg! MStP & SSM 5%s M StP & SSM 6% MK &T Ist 4s M K & T ad) 5s. MK & T prinb Mo Pacific gen Mo Pac 5 A 85 Mo P'ac 58 F 77 { Mo Pacific 53 G '78. Mob & Ohio 438 77 Mont Trm ref 5s 41, Nash Chat&StL 4s. Nassau k1 4351 N O Tex & M 6s B.. 107% 105 102% 97% 1 100% 100% 4 85 85 13 103% 103% 5 101% 10i% 53 5% 76 1 99% 45 97% 14 5 9414 994 89% 56t4 9. 5 104% 104% 14 80 79% 15 89 89 Sy Sgr oy 1100 100 5 106% 106% 10 106% 106% 19 106% 1064 5 10215 102 3 % TI% 19 91 31 119% 6 T 20% 100% 85 103% 1014 9% 90% NYChi&StL 6%8A . NYChi&StL 6%s B. NYC&StL6sA.. New Haven 3328 64. NY 7 NY Sus&Wn gen 58 Nor & S gen 58 54.. Nortclk & W cn 4s. Nor Pae 31 2047.. Northern Pacifie 4s. hern Pacri8s. Ore Short L rts 4s. Ore Wash 18t 4s... 89% 0% 66% 88% 113% 9 8844 101 NYGELH&Pbs 107'% 106% 108% N Y Tel 4%s 3 100% 100 100 [N Y Tel6s41 1067 106% 106% N Y Tel 6849... 110% 110 110 North Am Edis & 101y 101% W1% No Am Ed 5% 63, 1014 101% 1014 Nor States Pow 55, 3 101% 101% 101% or States Pow 68 Pacific & F15s. PacT & T istbs... 105% 1054 105'5s 102 1017 1017% 3 1027 10: 102% Pennsyl con 4%s. . Pennsyl gen 4%s.. Penna R R ¢%s'63 Pennsyl 58 64...... Pennsyl 6%s. . Pennsyl gold 7 ‘| Pa Ohlo & Det 4 Pro& K1t 4540, Pere Mara 18t fs Philippine RR 4s Portiand Bl P L 6s.. 997 48 98 98%4 3 104 103% 103% 17 110% 110%°110% 17 1027% 1028 102 3 96% 96% 4 4 103% 103% 5 39 39 41024 102 COTTON IS STEADY ON. INITIAL SALES Prices Ease Off 6 or 7 Points in Liquidation After Opening. By, the: Assoctated Press. NEW' YORK, January 17.—The cot- ton market opened steady at &n advance of 1 to 7 points on some further cover- ing and commission house buying pro- moted by the steadier tone of yesterday. The demand was comparatively light, while there seemed to a little more { cotton for sale around $20.40 for March jand May deliveries and prices .eased off 6 or 7 points under realizing or liqui- dation. Reports of steady Southern spot markets and favorable reports. from Lancashire cotton goods trade seemed to bring in renewed buying on the de- cline, however, and the market held steady at the end of the first half hour, with prices holding around yesterday's closing quotations. Private cables reported continental buying in Liverpool supplied by hedging and Bombay selling, with a fair cloth ‘demand from India apd an active de- mand from China. 4 New Bond Issu Special Dispatch to The Star. NEW YORK, January 17.—An issue of $1,900,000 Exchange Building, Seat- tle, Wash, first mortgage 6 per cent sinking fund gold bonds, due December 31, 1948, is being marketed today by Lawrence Stern & Co. ‘arid Drumheller, Ehrlichman: & White,: at 99, to yield about 6.08 per cent. William L. Ross & Co., Inc.; Whitaker & Co. and F. B. Keech & Co. offer $1,000,000. United, Telephone Co. 20-year debentures, series “A,” 6 per cent, ma- turing October 1, 1348, priced at. 98, to | yield over 6.17 per-cent Public offering of $1,000,000 first mort- gage 6 per cent sinking fund gold bonds of the Monolith Portland Cement Co., with stock purchase warrants attached, is being made by a banking group head- ed by Reed, Adler & Co. and California Co. The bonds are priced at 98, to yield over 6.25 per cent. Earning Record Reported. NEW YORK, January, 17 (#).~Cities Service Co, reports a new monthly and yearly earning record. December net earnings reached $3,242,208, an increase | of $469,000 over December, 1927, and yearly earnings totaling $33,584,465, an increase of $1,631,000 over 1927 net. 3 Low. Readinggen 4%8A 4 99 9914 Rio G W 1st 4: 20 91% 9% StL IM&Sgn 6s31. 9 100% 100 St L IM&S R&G 4s5. 31 93% StL&SFpl4sA.. 11 86t StL&SFr4l%sis. 72 StL&SFprin 3 StLS W 1st is StLS Wconds32. St PUn Dep 5s.... Seaboard AL 4s sta Seab ALrefds. .. SeabAL ad) 5s 1949 Seab A Lconés.... SBAIFlaés3sA. Sou Pac 43;srets Sou Ry gen 4s Sou Ry Con 5s — = © wean vanlosawiont ~ResESanl Sou Ry Mo & O'4s. TexArk FS 538 50. Tex & Pac fllffl‘li‘)'l' Third Ave adi Tol Tr L&P 5 Unjon Pae !st 4 Union Pac 18t rf 4s. Unton Pacific 45 68. Union Pac 435 67.. Virginia Ry 1st b: [vaRy&PS5s, Va Soithwn ¢on 55 Whash 4%s 78 rets. ‘Wabash 1st bs. 'S 8 Insur _ Secur. 0d . 12 Tambert Bras 1. Libb Owens Sh GI . 8 Loews deb rts S 1Long Isl Lt.... 3 34 Marconi Intl Mar .. 2 0 Wire Lond B 2 fo! 1 1 North Amer Cl 39 North Eastern 5 Nor 8ta P A . or 5 Param Csb Mfx 1 Pend D Groc B 123 C Pen 49 Penn’ s Penn 8 Penn Se m Seeman Bros 2 Al 10 Selected Industries 39 Trans Am . 81 Transeon: Atr “TEsp. 57 Trans Lux LPS 2Zenith Radlo Salesin MINING STOCKS. re .3??:,‘:2‘3:;-4222?%??‘?? ::;.ss:-::s Bll:x 4 [uDE‘P!ND!NT oIL £ 0B Con_otinds 16 Am Maracaibo 21 Barpsd_deb war 2 Svnd » P IO e e o 2y, r| needles " | say women of that city are headed by 3 | which remains only to be signed by the . President. % | linquishing the management of the 32 | Nichols, jr. former vice president ;g:\r' Pok C 6las A 10 {!Ill‘flog Hy p‘c‘:‘ ‘7: b 3 Ital Juperi 13 Juos) St M BE 75 3 Mor 2K o wis 12 $ Santa Fe City 1s ' 2 Suinn, Fiuso, 15,148 N8 58 19 5"k Ber s A ww 'S iy Fi“When issued. - . TwaWith - warrants. itk KNITTING IS FORBIDDEN | DURING COUNCIL DEBATES na Unwritten Law Is Laid Down. by Masculine Member of London Body. LONDON (#)—Knitting needles may not click an accompaniment to the debates in the London County Council This unwritten law was laid down with emphasis by an irate masculine objector when -Dame Beatrice , member for East Fulham, produced a pair during a recent all-night se: and proceeded to click off interminable hours of debate with as many inches of warm woolen sock. ob:g :’:mmndh“ h produce the House of Commons, but t men M. P.’s have done 0. The most famous knitter in Parlia- mentary annals was one of the Wason brothers, who were well knawn to a former ~generation . at Westminster. They were such big men that they were prominent figures Wherever they ap- peared, and the l})ecflclz of one of them, a man 6 feet tall and pro- portionately hefty, plylng his knitting throughout debates in the house must have been incongruous. His fellow M. P.s apparently = thought nothing of it, however, for there are no chroricled objections in Parlia- mentary archives. t had the hardl- fimm‘ needles. in in the WOMEN OF CUBA GAINING. IN FIGHT FOR SUFFRAGE Concerted Campaign for Vote in 1929 Vigorously Presented by: National Feminist Organization. HAVANA (#)—Women of Matanzas, Cuba, have joined in an equal-rights- for-women movement and have re- quested the Havana Center’ of the Alianza Nacional Feminista (National Feminist Alliance) for membership in the organization, which is now carrying on a concerted fight for the vote in 1929. Reports reaching here from Matanzas wives of high politiclans and soclety leaders and that virtually all promi- nent women are aligned in the move- ment designed to carry through the votes-for-women fight here in Havana, Announcements at women's head- quarters in Havana are that the entire island is being organized for a drive 1t is also said that no time will be ldst in bringing about the signing of the equal suffrage measure introduced into the Cuban Constitution last year and R et . P HAYNES HEADS DURANT CO. NEW YORK, January 17 (#).—Elec- tion of F. D. Haynes, former president and chairman of the board of Dodge Bros., as/president of Durant Motors, Inc., was announced today. Haynes succeeds W. C. Durant, who recently announced that he was re- corporation. The new president was elected at a meeting of the Durdnt board of directors at which Ralph A. Vall, former director of engineering and production of Bros., was named vice president in charge of engineer- ing and production, and .John .fi,. charge of sales of Dodge Bros., Was named secretary-treasurer. The new group will assume full man- agement of the compln% immediatel l{. bringing back under one fold the prin¢i- chosen originally by the late John " and E. to direct the formation @nd development of Dodge M | $3.17 a share on 560,974 shares com- process butter, 41a42. Hay and Grain Prices. Wheat—No. 2 red Winter, garlicky; spot, 1.32%; January delivery, 1.32%. Corn—No. 2 export, January delivery, 1.063;; No. 2 yellow, 1.08; cob corn, 5.0025.10. v Oats—No. 2 white, domestic, spot, 581;a59; No. 3 white, domestic, spot, 57a38. X . 7 Rye—Nearby, 1.10a1.20. . Hay—Receipts, none. 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 busi- ness passing to establish prices on the various kinds on merit at a range of 16.00218.50 per ton of timothy or clover Y. Straw—No. 1 wheat, 11.00a12.00 per ton; No. 1 oat, 12.00a13.00 per ton. Special Dispatch to The Star. NEW YORK, January 17.—Peoples’ Gas Light & Coke Co. for the quarter ended December 31 reports consolidated net income of $1,778,664 after charges, depreciation and taxes. equivalent to pared with $1,268,551 or $2.47 a share in the preseding quarter and $1,532,- 970 or $3.01 a share on 509,637 shares in the last quarter of 1927. Consoli- dated net income for the year ended December 31, 1928, was $6,371,397 after above charges, which is equal to $11.36 & share on 560,974 shares contrasted with $5,678,363 or $11.14 on 509,637 shares outstanding at the end of 1927. ‘Hudson & Manhattan reports December gross of $1,101,308, compared with $1,- 114,304 in December 1927; net after taxes $550,136 against $574.794 and surplus after charges $218,099. con- trasted with $242,501. For the 12 months ended December 31 gross amounted to $12,388,927 compared with $12,549,898 in the préceding year; net after taxes, $5963,283 against $6,165,- 447 and surplus after charges $1,941,- 037 contrasted with-$2,13' VALUE OF LUMP OF GOAL IS OBJECT OF RESEARCH Nearly All of Her Time in Study of Fuel. PITTSBURGH (#).—The value of a lump of ‘coal is engaging the attention of Milada Friedlova, 24, research chem- istfrom Cezechoslovakia. Miss Friedlova devotes nearly all her time to the study of coal analysis and heat experimentation at Carnegie In- stitute of ‘Technology. She spent nine years at the University of Prague: and :he last four years has been doing chem- ical research work in the State higher industrial school of Prague. ‘The young woman was among the 40 or more graduates sent to the United States under the auspices of the Ma- saryk Academy of Work and the Amer- ican-English Council’ for Research in the mutual interest of the homeland and the country visited. She is an attractive brunette and has translated several scientific Czechoslo- vakian publications into German and English. Strange Habits of the Lemming. ‘The head of a sclentific expedition into the Aretic reglon reports that they were unable to obtain many of the small land mammals, as trapping is imprac- ticable during the brief stops and under the midnight sun. The past year or two has been notable for a shortage of all smaller mammals, particularly Arctic hares and lemmings. Czechoslovakian Woman Devote:: We have an- opening for an experienced in- vestment salesman. which offers very liberal com- - missions. Apply in Person to Samuel McCreery & Co. W oot . Members % New York Stock -Exchange [ Philadeiphia Stock ‘Exchange - | | 815 15th.St. N.W. Main 9064 fm\‘ REAL ESTATE . NOTES | Secured by First Trusts Conservative Appraisals Chosen Locations ~ 6P | e Interest EAVER BRO 809 15th Street N.W. Main 9486 ° o Invest Smlm Funds REAL ESTATE NOTES Secured by flrst deed of brust o District of Columbia residential ant income-produging properties. . - This Will Mean SAFETY, MAXIMUM YIELD and MARKETABLE - SECURITIES Consult Mr. Dean ond| 1415 K St. Tel. Nat. 4750 “COMEBACK” Ne kB occur at times in ‘countless millions, forming abundant food for foxes, and their recurring periods of scarcity and abundance are reflected in the fur re- turns of the Arctic regions. ——— Rolling Mills Activ NEW YORK, January 17 (#).—Rolling oih, 3 e S S re| at ca) O] , coglnued strong dummflor full ished grades, i o Melbourne, Australia, is to ‘have a new motion picture theater seating 3,500 with fin- e FURNITURE We have just the pleces you = BN ur display rooms! THE W. D. CAMPBELL . COMPANY Two Entrances . . .~ 1018 16th Bt. N.W. 1506 L 8t. N.W. Franklin 3690 96000000000000000000000000000000000000000000 | |