Evening Star Newspaper, January 22, 1929, Page 14

n ¥ MEW HIGH LEVELS FIN Five Issues Register Gains Today—Trust Company Increases Surplus. BY EDWARD C. STONE. Stocks were strong on the Washing- ton Stock Exchange today, Capital Traction, Potomac Electric Power 6 per cent preferred, ' & Trust Bank shares, Federal- American Co. com- mon and Terminal Refrigerating & Warehousing Cor- poration selling at new levels, Capital Traction American Security | ANCIAL, NEW YORK STOCK EXCHANGE OND. C. EXCHANGE ez = n. High. Low. Close. 50% 54% b50% 52% Aoitibt Popf(6). 83% 84 83% 84 Adams Exp(6).. 397 410 397 410 Adams Ex pf(5). 93% 93% 934 93% Adams Millis(2) 34% 34'% 33% 33% 50 50% 49% 494 60 60 60 60 4% 4% 4 4 Alr Redctn (13), 106% 107% 105% 105% Ajax Rubber. 11 10 10% Alaska Junea 9 9 9 Albany Papr(: ‘24 24 Allled Chem. 275% 271 Allis-Chalm(7). 182 182! 132 Amal Leatherpt 72 72 72 72 Amerada(2).... 37% 37% 3T% 37% Am Agricul Chm 22} 22% 22 22 Am AgriChpt.. 72% 72% 72 72 Am Bank N(13). 126% 127% 126% 127% Am Beet Suga: 19 19 19 9 Am Beet Sug pf 59% Am Bosch Am Br 8hy, 5915 18% Am BrownBopf 69 69% 67 Am Can (14).... 114% 116% 113% 114% AmCar&Fdy(6). 100 100% 100 100 AmC&Fpf(7). 118 118 118 118 Am Chicle (2).., 50% 51% 50% 50% Am Drug (60c). 10% 10% 10% 10% THE EVENING. STAR, WASHINGTON, D.-C., TUESDAY, JANUARY 22, 1929.° Cuba R R(4.80). Cuban Am S(1). Cuban Am pf(7). Cuban Dom Sug. Cudahy Pkg(4). Cudahy (rts)... Aero(1). el Frult.. Davison Chem. . Debenhms(2.91) Devoe A (13.20). Dome Mines(1). Drug Inc(4).... Dul S S & Atlan.. Dul S S & Atl pf. Dunhill Int (3$4). Dunhill (rts)... DuPont (11). % | Dupont (new). Eastman(18) Eitingon(2%)... Eitingn pf(6%). Elec Auto L (4). Open. High. Low. T9% 9% 79% 16% 93% 5% 5% 65% 64Y% 1% 1% 159% 157% 2% 0% 64% 64 45% 45 194 194 127% 127% 58 58 230 230 58% 57 10% 9% 1217% 120% 3% % 168 2% 64% 45 194 55% 93y 121% 3% 5% 75 109% 159 Magma Cop (4). Mallison & Co... Mallison pf(7). . Man Elec Suply. Man Elev gtd(7) Man El m2g(d5) Man Shirt(2).... Maracaibo Ofl. Market Street. Marlan Oil. Marlin-Roe 13 Marmon Mot(4). Marmon rts. Martin-Par; { Mathieson(6). Mid-Continent. Mid-Cont pf(7) Mid-Cont Pe rt Middle Stats Mid States ctfs, Miller Rubber. Minn & St Loul Minn StP&SSM. Open. High. Low. Close. 681y 697 36% 3% 105'% 105% 33% 68% 69% 36% 105% Received by Private Wire Direct to The Star Office Open. High. Low. Close. 168 169 168 169 1% 1% 17 17% 22% 22% 20% Texas & Pac(5). Tex Pac C & Oll. Tex Ld Tr(new) Thatcher Mfg. .. Thatchr pf 3.60.. ‘The Falr(2.40) Third Avenue... Tidewater AsOil TidWAsOlIpf(6) TidewatrO(§0c) Tide W O1l pf(5) Timken R B(6). Tobac Prod (8).. Tobac Prod A(7) Tob Prod ctfs B. Transcont Oil. .. ‘Transue & W(1) Trico Prod(2%) Truax Traer.... Truscon Stl1.20. Twin CityRT(4) Twin City pf(7). Undwd-El F (4). Un Bag & Pa Union Carb(6) Un Ofl Cal2)... Unlon Oil (rts).. Union Pac(10).. Un Pacific pf(4) Utd Biscult 1.60, STEEL AGAIN LEADS IN'STOCK ADVANCE New High Record Made as Industrial Favorite Crosses 190 Mark. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 22.—The stock market forged ahead again today and more uniformly than in recent ses- sions. U. S. Steel was again the fea- ture, selling above 190 and at a new high record, but General Motors ad- vanced sharply and three of the newly split-up stocks, International Nickel, Du Pont and American Smelting, made FINANCIAT CHICAGO DAIRY MARKET. CHICAGO, January 22 (#).—Butter— Higher; receipts, 12,759 tubs; creamery extras, 46%; standards, 46; extra firsts, 45a455; firsts, 44ad4’y; seconds, 43a dslz. Eggs—Unchanged; receipts, 10,465 Poultty—Alive, steady; receipts, two cars; fowls, 28; Springs, 29; roosters, 20; turkeys, 25; ducks, 24a29; geese, 20. Machine Tools Sales. NEW YORK, January 22 (#).—Ma- chine tool sales throughout the country are s and indications are that remain active, the Ameri- can Machinist reports. The volume of unfilled orders is said to be large. Gasoline Prices Reduced. NEW YORK, January 22 (#).—Stan- dard Oll Co.'of New Jersey has reduced the price of gasoline 1 cent a gallon, making the new tank wagon price 14 cents throughout its territory except Delaware. new highs for the present shares. In the last hour there was a demon- stration in Public Service of New Jer- sey, which put that stock up nearly 4 Money for . First Mortgages Loan money to any required amount is im- meédiately available for construction; or refi- nancing a maturing trust. Our service is prompt and always at low rate of interest and com- mission. B. F. SAUL CO. Main 2100—925 15th St. EVERY CAREFUL BUSINESS MAN figured in a 45- share turnover at 107Y2, a fractional gain” over yester- day. Potomac Pow- er 6 per cent pre- ferred crossed 112 for the first time to 112% on a 10- share sale, while American Security & Trust stock reached 466 on a three-share sale. Federal-American Co. common climb- ed to 554 on a 2l-share turnover. Terminal Refrigerating & Warehousing Corporation opened at 52! and closed Has a Part of His Capital Invested in 6% First Mortgage Notes HANNON & LUCHS First Mortgage Notes round out. Investment Lists—Bankers recog- nize their worthwhile stability of value and their dependable producing qual Shannon & Luchs, Inc., is one of the few Mortgages Investment Houses which is still able to secure their notes so that they yield an annual return of 6%. And 6% is conceded by financial experts to be the highest rate of interest com- patible with absolute safety. Elec Au L pf(7). 110% Electric Boat... 15 ElecPow&Lt(1), 48 Elec P&Lt Df(7) 107% Elec Stor B (5).. 84 Elk HOrn.vovve Em Brantgm(A) End-John(6).... Eng Pub S(m1). Eng Pu S pf(5). Equit Bldg(2) M St P&SSM pf.. Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific. MoPacific p£(5). Mohwk Car 235, Montgom Ward. Moon Motor.... Mother L (40c).. u Motion Pig Corp. u Motor Meter A.. u Motor Prod(2). u Motor Whi (2).. U Munsingwr(3).. U u U u u points, while Johns-Manville scored a gain of almost 20 points. Coppers were the leaders when trad- ings was resumed. Anaconda pushed its old peak and above 128 was at the highest in the history of the company. The same was true of Chile, above 91. Both stocks were turned over in large volume and the two movements were sympathetic, apparently anticipating the exchange offer that Anaconda will make to the minority Chile interests. Steel Price Record. Other copper stocks in demand in- cluded Nevapdn at a new peak, Calumet and Arizona and Cerro de Pasco. The AmEncauT(4). 90 90 90 90 Am Express(6). 289 2921 289 29214 Am & For Pow.. 78% 84 Am&ForP2d7.. 98 98% Am Hide & Lpf. 34 34 Am Home Pr(3). 78% 82% 78% 80 AmIce (1234)... 40% 40% 40% 40% Am Internatl(2) 147% 148% 146 146 Am Internat(n). 74% 74% 78% 73% Am LaFr&Foam 8§ 8 8 8 Am Locomot(8). 109% 110% 109% 109% Am Loco pf(7).. 118 118 118 118 Am Ma&Fy(4). 179 179 176 176 Am Metals(3).. 72% 74 % 2% Am Metals pf(6) 125 125% 125 125% Am NatGaspf7 97 97 97 97 Am Piano pf.... 41% 41% 41% 41% Utd Biscu pt(7). Utd Cigar St(1). Utd Elec Coa Utd Paperboard. US Cast Ir P(2). US CIP 18t 1.20. U S Distrjbuting U 8 Distrib pf(7) S Express. ... Hoftman(4). Alcohol (6). Leather.... Leathr A(4) William D. Hoover. Erie2d pf.... Fairbanks(3)... 50% FairbankMpf(7) 109 FedLight(hl1.40) 75% ] 1 gz 8% 2 Murray Corp.... Nash Motors(6) Nat Acme(sta) vuuurnun Am P&L (11).. at 52' on sales of 40 shares. - Mergen- thaler opened at 104 and closed at 104'3. An odd lot sale in Columbia Sand & Gravel took place at 93%. In the bond division Chevy Chase Club 5s moved at 102!2 and Washing- ton Railway & Electric general 6s at 102'. Anacostia & Potomac Rallroad 5s sold at 92. A $100 Washington Gas B bond sold at 105. Gas stock, now ex-dividend, was quoted at 116 bid and | 122 asked, with no sales. National Savings Raises Surplus. At the annual meeting of the stock- holders of the National Savings & ‘Trust Co. held late yesterday, these di- Tectors were elected. James J. Becker, ‘Woodbury Blair, William A. H. Church, 88% 90% K8k 90 AmP&Lpfstas. 81 811 81 8l% AmPo&Lt pf(6)] 100% 100% 100% 100% Am Radiator(6) 205 205% 203 203 Am Ry Ex(6)... 134 136% 134 136 Am Republies 59% 59% b58% 58% Am Saf Raz(r0) Am Seating(3). Am Sm&Ref (4 Am S &R pf(7 Am Snuff (12)... 204% 204% 204 . Am Stl Fdys(3). 69% 70% 69 Am StIFy p£(7). 111 111 111 Am Sugar...... 89 89% 88% 89 Am Sugar pf(7). 108 108 Am Sumatra(3). 57 56% 567 Am Tel & Tel(9) 200 200% 200 200% Am Tobacco(8).. 180% 180% 180 180 Am Tobac B(8).. 180 180% 180 180 Am TypeFo(8).. 146% 146% 145% 146% Walter C. Clephane, H. Rozier Dulany, pr.; Franklin H. Ellis, H. Prescott Gat- ley, Willlam D. Hoover, Walter B. Howe, Reginald S. Huidekoper, Victor Kauffmann, Edmund D. Rheem, Frank Stetson, Frank W. Stone, William H. ‘Walker, William B. Willard and Harley P. Wilson, ‘The following officers were elected for the year: William D. Hoover, presi- dent; Woodbury Blair, first vice presi- «dent; Frank W. Stone, second vice president; Frank Stetson, trust officer; Charles C. Lamborn, treasurer; E. Per~ cival Wilson, secretary; Frank R. Ull- mer, assistant treasurer; Bruce Baird, assistant trust officer; David Bornet, assistant trust officer; John W. Calvert, assistant treasurer; W. Hiles Pardoe, as- sistant treasurer; A. J. Fant, assistant secretary; John M. Boteler, assistant secretary, and Audley A. P. Savage, auditor. The regular quarterly dividend of 3 per cent was declared, and an extra dividend of 5 per cent was also de- clared. Extra compensation for the en- tire staff was also voted in appreciation of work done last year. President an unusually prosperous year. ‘The sum of $500,000 was carried from Auto Sales pf(3) undivided gonh into the surplus ac- count, the surplus of the com- pany $2,500,000. Its capital is $1,000,000. New Move Against Bank Failures. As a step in a nation-wide campai ;); ©0-0] with banks, especially 'setting up and operating regional clear- ing house associations. ‘The presentation of the plan express- es the hope that it “will prove hel;‘: B ful in stimulating bank I each county and district in the land to take immediate steps to form such asso- ciations, thus enabling bankers to avail themselves of the services and safe- gundxd‘uc afforded by clearing house asso- ns.” North American Votes Dividends. mem North American Co. has declare per share on the preferred, both payable April 1 to stock of record March 5. budgets for 1939 ppregating $1054.000 or aggregating $7,894,000. ‘The budgets are largely for additions to 'electric generating plants and distribu- tion systems to provide fyr the substan- tial of business and the antici- !pation of future demands in territories |centering in Cleveland, Milwaukee, St. Louts, San Francisco and Central Cali- |fornia cities and Washington, the work here including the enlargement of the ! Benning power plant of the Potomac Electric Power Co. The exact figures are not available, but it is reported that the North Ameri- can'’s electric power output by its sub- sidiaries had reached a new high mark during the past year. Commodities Slightly Higher. Prices of commodities during the week ended January 19 advanced three-tenths of 1 per cent in contrast with a de- cline of one-tenth of 1 per cent for the previous week, according to the whole- sale price index of the National Fertil- izer Association. Two-thirds of the ad- vance for the last week is due to a fictitious advance in automobile prices in the form of higher prices for a bet- ter t; of car, which has been substi- tuted for the poorer one. Other advances occurred in grains, foods, cotton and Tubber. Declines occurred in chemicals, 1fats and gasoline. Gleaned in Financial District. Edward L. Hillyer, vice president of the Union Trust Co., is reported to have made encouraging improvement during the past few days. J. William Harririgton of W. B. Hibbs & Co.,, who has had a long attack of pneumonia, is reported as gaining rapidly. Eliot H. Thomson of the Washington Loan & Trust Co. has returned to his desk after three weeks’ illness. ‘Thomas W. Brahany, partner in Crane, Parris & Co., has returned from a cruise in the Caribbean, visiting the Canal Zone and many other interest- ing places. Edward J. McQuade, vice president of the Liberty National Bank and scc- retary of the District Bankers’ Asso- ciation, will leave here later in the week for 10 days’ visit in Florida. He will g0 to Miami and Palm Beach and visit 1. A. Fleming at Melbourne. Rediscounts Off $57,000,000 in Week. The Federal Reserve Board’s condi- tion statement of weekly reporting ‘member banks in 101 leading cities on January 16 shows decreases for the week of $58,000,000 in loans and in- vestments, of $57,000,000 in_borrowings from Federal Reserve banks, and of $21,000,000 in Government deposits. Net demand deposits and time deposits sho;'ed relatively little change for the week. Pennsylvania Railroad Co. stockhold- ers decreased 1,059 during December to 154,008 on January 1, 1929, against 142,- 622 a year previous. The_leaders in Washington Chapter, A. L B, plan the last half year's work Atll.lPoWd.r(ll: 107 Atlas Pow p2(6). 105 Hoover reported the bank had enjoyed [{UZ5 PO DU(6). 105 Am Typepf(7).. 108 108 108 AmWWE&Elc]). 75% T5% 74 74 AmWWIst pf(6) 99is 1003 99% 991 Am Woolen..... 24 24% 24% 24% Am Woolen pf.. 54 54% b54% b5dw Am WritPactfs 14% 14% 11% 14% Am Zine. . 41% 42% 41% 42% Am Zinc pf. 106 106 106 106 Anaconda C (6). 127 128% 124% 124% Anchor Cap..... 55% 66 54 b4 Andes Copr 75¢.. - 51% 521 50% 50% Archer Dan (4).. 101% 103% 101% 102% Armour Ill(A).. 17% 17% 1T4% 17% ArmourIli(B).. 9 9% 9 9 Armour IIIpf(7) 86% 85% 854k 85% Arnold Con&Co 36% 36% 36% 36% Artloom(3)..... 274 2T 274 27% Art Metal(1%). 30 30 30 30 AssoDryG(2%). 67% 70% 67% 69 AssoD G 2d(7).. 110 110 110 110 As30 O11(2) . 454 45% 4b% 454 Atchison(10)... 200% 200% 199% 199% Atch T&S Fe 2 e 2 3 Atchison p! 103% 103% 103% 103% Atl Coast L(t1 Atl Guif & W1 Atl Gulf pt(3 Atlantic Ref(1 62% 62% 61% 62 107 107 107 105 106 105 8% 8 8% 25 25 24% 24% 42% 43% 41% 41% Bald Locopf(7). 118 118 118 118 Balto & O(6).... 121% 122% 121% 121% Balto&Opf(4). 79 79 78% 1T8% Bang & Ar pf(7) 110% 110% 110% 1104 Barker Bros(2). 32% 33 32 33 Barker pf(6%).. 93% 93% 93% 93% 25% 26% 25% 26% 44% 44N 44 4 105% 106 105 105 26% 25% 24% 24% 95% 95% 95 13% 13 13% 84 83% 84 1% 91 91% 84% 863 84% 122% 122% 122% 86 85% 85% 95 9l 192 199 101 101 Auto Sales. . w: Belg N R pf (16, Best & Co(3) Behlehem Steel. 85% Beth Steel pf(7) 1224 on Ami A(4)... 86 Booth Fisher Borden Milk: Boston & Main Briggs M{gFCo.. British Empire. 4% Brockwy Mot(4) 68% Bklyn-Man(4).. 75 Bklyn-Man pf(§) 90% BklynUnGas(5). 184% BrownShoe(2%) 45% 53 405 454 44% 44% 53% 62% b3% 42% 40% 42% Bucyruscv(2i) Burroughs(t4).. Bush Term(g2). Butte Cop & Zino Butte & Sup(2). Butterick Co.... Byer & Co...... 1 Byers A M(rts).. By-Products(2). Calif Pack(4)... Callahan Zine, Calu & Ariz (6). Cal & Hecla(4).., Can Dry (14%). Can Pacific(10). Canon Mills 2.80. 47% 47% 46% Case Threshg(6) 475 482 475 Case Thr pf(7)., 125 125 125. Cen Aguirre(2). Cent Alloy(2)... Century Rib M., Cerro de Pas(5). Certain-teed Pro Certain-td p£(7). Corto (t4).eees Ches & Ohio( C& O Corpn(3).. Chi & Alton. Chi & Alton p! ChiGreat Wes: 9 8% 8% 1% 10% 10% 37 37 60 15% 118 5% 3% 124% 9% 242 46% 482 1256 39% 48 20% 104% 28 4 4 34 125 127% 124% 54% b54% 51 80 80 79% 242Y% 243% 242 19% 20% 19% 104% 105% 103% 26 28 26 80 80 80 834 834 834 217% 217% 217 86 85% 844 14% 14% 14 20% 21 20% 21% 22% 2% 53% b54% 534 3T% 3T% 36% 60 60% 58% Chi& Nwn (4).. 88 89 88 Chi&Nwn pf(7). 136% 136% 136% ChiPneuTnew. 33 33 43 ChiPneuTlpf... 55 b556% b6 Ch! RI&Pac(6)., 136% 138 136% CRI1&Ppf(6). 100% 100% 100% CRI&PPI(7). 107!5 107% 107% Chickasha(3). 47 47 46% Childs(2.40)..00 06 56 55 Chile Copper(3). 90 92% 89% Chrysler: .o 118 120% 118 City Stores(rts). 5% 6% b% Cluett-Peab(b). 68% 69 Coca-Cola(6)... 169% 170 Coliins & Alkmn. 52 b2 Col & Ak pf(7).. 96 96 Col Fuel & Iron. 70 % Col & Southn(3) 112 112 Col Gas & E1(3). 147% 149% Col Gas&El new. 60% 61% Col G&E pfA(6). 106% 106% Columbia Graph Col Carbon 143 . Com Cred(1).... Com Crpf(1%). Com Cristpt 61 Com Inv Tr(34). Com Inv (war).. Com Power(13). Com Solvnts(8). Conde Nast(2).. Congoleum-Nair Cong Cgrs (5).. Consol Cgrs (7). Con ¥ilm pI(2).. Conmsol Gas (3).. ConsolGaspt(5). CunRRCuba pf 6 Consol Textile. . Container A 1.20 Container B §vc. Cont Baking A.. Cont Baking B.. Cont Bak pf(8). Contl Can (2%). Cont Insur6)... 92 Contl Mot(80c). 27% 104% 104% 170 174 45 4% 122 128% 231% 239 90 90 3% 82% 81% 82% 94% 94 27% 27% 109% 111% 99% 99% 67 6T% 5% 21% 10% b5% 11% 93 63% 121% 122 231% 238% 90 90 31% 31% 81 81% 93% 93% at a dinner meeting tonight; the Dis- trict Bankers' Association has an un- usually important meeting tomorrow night; the institute has an adding ma- chine speed contest tomorrow evening, and the Bank Women’s Club of Wash. ington i scheduled ! o meet Friday, = Qi CornProd t3%.. 87% 87% 8Th 874 Corn Prod pf(7). 144% 144% 144% 144% Coty Inc (2).... 75% 175% 74% 75 CrownZelrbck1 23 23 23 23 Cruc:ble Sti(5). 91 91% 89% 89% Cuba Company.. 23% 23% 22% 23% ubaCapeSugars .6 . 0% 6. &% Fed Light pf(6). Federal M & Sm. Fed Min pf(7).. Fed Mot T (80c) . Fidelity-Phoenx Filenes Sons Co. First NatS(1%). Fisk Rubber.... Fisk Rub 1st pf.. Fisk R 1st pf ev. Fleischman 3% Florsheim (A).. Folansbes (2)... Foundation Co.. Fox Film A(4).. Frank-S pf(7).. 110 Freeport T (4).. 100 251 100 19 103 94 66% 18'% 691 1 80 52% 67% 45 3 98% 98% 110 54% 54% Fuller pr pf(6).. 102 102 Gabriel Snub A. Gen Eelectric t6. GenElec sp(60c) Gen G&EIl A(12). Gen G 2351 11% 38 PLA(T) 116% Gen Gas pf B(7) 104% Gen Mills (3)... 8674 Gen Motors (5).. 200 Gen Mot (New), Gen Mot pf(7).. GenOutdrAd(2). Gen Outdr Ad(4) Gen Ry Sig(6).. Gen Refrac(3).. Gillette 8 R(cb). imbel Bros. ... Gimbl Br pf(7).. Glidden (11%).. Glidden pr pf(7) Gobel (Adolph). Gold Dust (new) Goodrich(4). Goodyr 1st pf(7) Gotham H (2%). GothHo nv(2%) pr(3). Grt North pf(5). Gt Nor pf cfs(5) Gt NoOr ofs 2%, Grt Wn Sug 2.80. Greene Cana($) 174 Gulf Stat Sti(4). Gulf Sta 1st(7). Hacknsk W(1%) Hahn Dept Stor.. HahnDSpf6%. Hanna 1st pf. Hartman A(2) Hartmn B(1.2 Helm Her Ho Howe Sound(4).. Hud Man(2%).. Hud Man pf(5)., Hudson Mot(5). Hupp Mot(£2)..; Illinots Cen(7).. 6% | Ind O & Gas (2). Indian Mot (1)., Indian Refining. Indian Refg ct: Indust Rayon Ingersoll-R( Inland S(kt6% ) Inspiration (3).. InterboroRapTr. InterconRubber. Internat Agri.., Int Ag Ch pf(7), Intl Bus Ma (5). Int Cement(4).. Int Com Enge2), Int Harv (2%)., Int Harv pf(7).. Int Mtch pf 3.20, Int Me: ind Int Mer Mar pf. . Int Nickl of Can. 1at Paper( A 1nt Paper pf(6). Int Pa&PoA2.40. Int Papr & Po B, Int Papr & PoC. Int Pap &Pw rts. Int Prig Ink 2%. Intl Salt(5)..... Int Silver. 80 126% 32% 5% 97 76% 118% 4 104% 64% 9% 9974 126% 103% 8% 41 104% 64% 61% 80% 78% 102% 99% 133% 126% 1084% 103% 8% 17 74 48 45 1% 109% 109% 108% 107% 33% 382% 40% 39% L77% 173% T4 3% 108% 108% 26 26 b52% 52 13 1124 9 96 b5l 109% 107% 2% 39% 3% 108% 26 52% 112% 96 . 1 Intl Stlver pf(7) Int Tel & Tel(6). Interstate D S.. Island Creek(4). Jewel Tea (15).. Johns-Manv(3).. % | Jordan Motor. Keith-Alb: Kelth-Al pi Kelly-Spring. Kelly Tire 6% p! Kels Hayes(2).. Kelvinator Corp. Kenaecott (3)... pt 8. Kreuger & Toll.. Kroger Gro(cl). Laclede Gas(10) Lambert (17)... Lambert (rts)... Lee Tire & Rul Leh Por Cmt 2% LehighVal(3%). Liq Carb( t43). Loew’s Inc (13). Loew's pf(6%).. Loft, Loritlard pt(7). Louistana Oil. ." Ludlum Sti(2).. McAndrews 2.85. Me Call Corp(4) McCrory B(2).. Meclntyre P(1).. McKeespt Tin Pl McKes&Ro 1.60, McKsn pf A 3% Mack Truck(8). Macy Co (€2)... MadSqGarlia. A 114% 113% 238 238 128% 127% 113% 238 128 5 22% 60% 51% 106'3 108% 176'% 1764 A% 0% 1 Nat Bellas H Nat] Riscuit( Nat C4sh Reg t4 Nat Dairy (33). Nat Dept Stores. Nat D St 1st(7). t Distillers... Enamlg (1). Nat Lead(b).... 1 Nat Lead pfA(7) Nat Pow&Lt(1). Nat Radiator.... Nat Ry Mex 23.. Nat Supply (18). Nat Surety (5).. Nat Tea(4).. . 8 Nevada Cop (2). N ¥ Central(8).. N Y C&StL(6). N Y C StL pf(6). NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn N Y State Rys pf NY Stm 1stpf 7. NorfolkSou 133 Norf & Wn(110) NorAm b10%stk North Am pf(3). NorAm Ed pf(7) No Germn Lloyd North Pac(5).. Nor Pac cfs(6) Norwalk Tire... 011 Well Supply. 4 01l Well Spf. Omnibus. . OppenhmCol (4) . Otis Elev (6).... Otis Steel...... Owens Bot (c4).. Pacific Coast. Pan-Amer Pet B. Paramount-F-L Park & T11(33) Penn Dixie Cmt. Pa Dix Ct p£(7). Penn RR(3%).. People’s Gas(8). Pet Milk (1%).. Pere Marq(18).. Phlla&RC&I.. Phil Morris(1).. Phillips P (1%). Phoenix Hoslery Plerce-Arrow... Plerce-Arrow pf Pierce Oil. Pilerce O1l pf. Plerce Petrolm. Pilsbury (1.60).. Pillsbry pf(6%) Pitts Coal...... Pitts Sti pf(7).. Pitts&WVa(6).. Por RicoToA (7). PortoRicoTobB. Postal T&C pf 7. Postum(3)...... Prairie Ol1&Gas. Prairie Pipe L. .. RadioCo pf(3%) Radio-Keith(A). ReadingRy(4).. Real Silk Hos, Reis(R)& Co. Rels 1st pf(7)... Remingtn-Rand. Rossia Ins t6%. Royal Bak P(1). Royal D(a3.222). Sateway (3).... St Jos Leaa113). StL & SanF(18). StL&SanF pf(6) StL&Southwest. Savage Arms(3) Schulte (3% )... Seab Alr Line, Seab Alr L pf. Seagrave(el.20). Sears-Roe(32%) % 163% 165% 32 82% 1™ 19% 414 4% 373, 87% 34 34% 82% 824 2% 2% 34% 347 5% 5% 60% 61 158 168 % 94 94 141% 141% 82 . 83% 145 42 114 114 136% 135% 355 359% 2% 173 56 56% 40% 41% 107 107 6% Seneca Copper. . . 6 Shattuck FG(2. Shell Un(1.40).. Shubert The(5) Stmmons Co(3). s | SimmsPet(1.60) Sinclair O1l. Skelly Of1(2 Snider Packg Snider Pkg pt. 80 Por Rico(2) Souti Por pf(8 South Calif Ed South Dairi South Pac( South Ry South Ry pf(6).. SouRyM&O cfs 4 Spang Chalfnt.. Spicer Mfg..... Spiegel Co (3).. Stand Com T(1). SWG&E (3%). Std G & Epfid). Std Milling Std Millg pf(6). Std Milling(rts) . Std O of Cal(13) StdOIINJ(11%). StdO{INY (1. Std Plate G! Std P Glass pf.. Std! Péo(l.“) Stromberg (3).. Studetaker(5).. Submarine Boat. Sun Ofl (g1).... Superior Oil.... Superior Steel. . Sweet of Am(1). Symington...... Telautogrph(1). Tenn Copper(1). Texas Corpn(3). 20,20 z‘wu«) 98% 135 Uni Leaf Tob(3) Uni Pie 1st pf(8) Univ Pipe & Rad Utll P&L A(e2). Vadasco Sales. .. Vadsco Sales pf. Vanadium (14).. 1 Vick Chem(4). “Victor Talkg(4) . Vi Waldorf(1%)... Walworth(1.20). Ward Baking B., Ward Bak pf(7). Warner Bros Pio Warner Bros pf. Warner-Qu(2).. Web & Heil... Wesson Oil (4).. West DairyA(4) West Dairy B... West Maryland. West Md 2d pf.. West Pacific pf.. West Union(8).. Westhse A B(2). Westinghse(4).. Westhse El rts. ., Westhse 1st(4) . White Eagle(2). White Mot(1)... White Sew Mach White SM pf(4). Wilcox O11 & G.. Willys Ov c1.20. Wilson & Co. . Wilson Co pf A.. Wilson & Co pf. Woolworth (¢ Worthn Pump, Worth Pump(. 80% Wright Aero(2). 275% Wrigey ((13%). 6% * | Yellow Truck... 8% 38% Young Spring, 59 9% 58 Youngstn Sh(5). 113 5 58 113% 113 113% 0am.. 752,500 12m... 2,311,100 30 p.m. 3,554,700 2:15 p.m4,209,300 Divid ven above arD'idend rates as given 1n the table Gt than 100 rai 3 1h stosk. d bay- o in casn o in stock € Plus 62z rtly stock. 1 Plus 20r. " in SCK 1 Fuvanla 110 share ‘gnaviecty in United Cigar Stores common stock. D Plus 1% % In stock. 9% | CHICAGO LIVE STOCK MARKET 114 134 355 72 56 39% 105% 14 12% 84 30%% 284 84 12 11 CHICAGO, January 22 (#).—United States Department of Agriculture.— Hogs—Receipts, 44,000 head; market opened 10al5 higher; later trade, 15a25 higher; top, 9.30 paid for 180-250 pounds butchers, mediuin to choice, 250-300 pounds, 9.00a9.30; 200-250 Cattle—Receipts, 7,500 head; calves, receipts, 2,000 head; market slow; steady to weak'trade on most killing classes; she stock in fairly liberal sup- ply; steers scarce, but part of run back; best weighty steers, early, 14.50; choice shipper lers, 17.00817.50; light kinds, 14.50a15.50; a few at 16.00; slaughter classes, steers, good and choice, 1,300 to 1,500 pounds, 12.75a15.25; 1,100 to 1,300 pounds, 12.75a15.75; 950 to 1,100 pounds, 12.75a16.00; common and medium, 850 pounds up, 9.50a12.75; fed yearlings, good and cholce, 750 to 950 pounds, 12.75 16.25; heifers, good and choice, 850 pounds down, 11.25a13.25; common and medium, 8.50a11.25; cows, good and choice, 8.00a11.00; common and me- dium, 6.00a8.00; low cutter and cutter, 5.75a6.75; bulls, good and choice (beef), 9.50a11.50; cutter to medium, 7.75a9.75; vealers (milk fed), good and choice, 14.50217.50; medium, 13.80a14.50; culls and common, 8.00a13.00; stocker and feeder steers, good and choice (all ‘eights), 10.75a12.00; common and me- dium, 8.50a10.75. Heifers, good and choice, 850 pounds down, 11.25a18.25; common and medi- um, 8.50a11.25; cows, good and choice, 8.00a11.00; common and medium, 6.75 28.00; low cutter and cutter, 5.7586.75; bulls, good and choice, beef, 9.50a11.50; cutter to medium, 7. vealers, milk fed, good and choice, 14.50a17.50; me- dium, 13.00a14.50; cull and common, 8.11a13.00; stocker and feeder steers, good and choice, all weights, 10.70a 12.00; common and ;_mar- -Receipts, 13, ket opening bulk fat lambs, 16.50a17.00; early top, 17.25; sheep and feeding lambs, steady; choice feeding lambs, 15.50a15.75; lambs, good and choice, 92 pounds down, 16.25a17.35; medium, 14.50a16.25; cull and common, 10.50a14.50; ewes, medium to choice, 150 pounds down, 8.00a10.75; cull and common, 3.75a8. feeder lambs, good and choice, 14.40a15.85. N U. . GRAIN EXPORTS. Grain exports last week from the United States were 3,846,000 bushels, as compared with 2,425,000 bushels the "'é'f:w"‘ wnki)epmm t figures tods mmerce enf ay Y“e the following comparisons between ast week’s exports and those of the week before: Wheat, 506,000 bushels, against 46,000, rye, 20,000, against 6,000; oats, 70,000, against 206,000; corn, 3,074,000, against 1,503,000; barley, m.oooflnm 260,000. tiak x Canadian grains exported weel Lhrough United States ports amounted to 3,948,000 bushels, against 3,257,000 bushels the previous week, while last week's exports of North American wheat flour were 258,000 barrels, against 277,000 barrels the previous week. TOTTLE STORES SOLD. BALTIMORE, Jan 22 ( ). —Six J. W. Tottle 5 and 10 cent stores in Baltimore and one in Annapolis have been sold to the G. C. M There are now two Mul Baltimore. The chain stores in 12 States. S - Llamas are being used to supplement motor truck service in the Pemv?m - Wl here the frugks cannot go. new . International Nickel shares, up more than 3 points, were at a new top since issuance. Part of these gains was lost under realizing in the er trading. l“’;‘he flrewoik.s in United States Steel did not come until about noon. 'The stock was up & point at the start and gradually crept forward, recovering the ground lost yesterday. Then just be- fore midday huge buying orders were thrown into the market and the price was rushed up above 190, higher than ever before in the existence of the pre- mier industrial corporation of America. All sorts of storles were afloat as to the intentions of the directors in re- gard to a stock dividend or some other special distribution, but none of them was confirmable. Motor stocks did better today. Evi- dently the bearishness of yesterday had been overdone. Broadcasting of “in- formation” that a bear pool had been formed in Chrysler had the result not of .depressing the stock but of running it up almost 3 points. Nash was out- standingly strong, up 3 points, while General Motors old made a larger gain and the new was in vigorous demand. Studebaker, in which a strong pool was at work, went to a new high and Pack- ard recovered with the others. Quiet accumulation of the rails was in evidence at intervals. Southern Pa- cific, above 133, was higher than at any time since 1910. Southern Pacific could increase its dividend, but that has been true a long while and noth- ing has been done. The next dividend meeting is scheduled for February 14. S | P medium, 8.50a10.75. Y head o I stores in cludes 150 | Be: Industrial Specialties. Chicago Great Western issues were in good demand among the lower-priced rallroad stocks, and New Haven was a shade higher. Industrial specialties in favor included Johns-Manville, up 7 points; Interna- tional Combustion, National Biscuit, As- soclated Drf Goods, Borden Co. and Adolf Gobel. Published reports that the news print manufacturers and pub- the price ot puper Drought heavy, buy- the of paper brougl vy buy- Lo Internatior into the D;rtr = and Abitibl Power and Paper. The former at 65 was up 5 points. Money renewed at 6 per cent and was in supply at that rate. ' Funds were available in the outside market at con- cesslons from the official rate. Wall Street Briefs Stockholders of the Electrical Prod- ucts Corporation, a license of the Claude Neon Electrical Products Corporation, controlling the Washington, Idaho and Montana territories, have authorized & split-up of common stock on a 10-for- 1 basis. Twenty-five of 36 blast furnaces are furnace by the Illinois Steel Co., at South Chicago. International Paper & Power Co., Boston, ll;epo}:.: 1928 &nmul:t :l’x elevct;‘-lfi energy by p]lfl e States, Canada and Newfoundland, was 3,504,131,000 kilowatt hours, double the 1927 production. The Mengel Co. .of Louisville, Ky., reports- its unfilled orders January 14 totaled $3,590,000, against $2,198,000 January 14, 1928. Hamilton Pell of W. A. Harriman & Co., New York investment bankers, has been elected a director of the United Electric Coal Cos., operating properties in Ohio, Illinois and Indiana. Sale of a New York Curb Market seat is reported to have been arranged af $175,000, equaling the previous high- Tecord price. A new chain of 22 restaurants and cafeterias in the New York metropolitan area, with annual sales approximating $4,500,000, has bee: ‘William Co. ¢l known as the Wil-Low Cafeterias, Inc. Ajax Rubber Co. at Racine, Wis., renorted entering 1929 with unfilled or- ders showing a 93 per cent increase over January 1, 1928. Pennsylvania Rallroad _stockholders creased from 142,622 January 1, 1928, to 154,008 January 1, 1929. ‘The General Corporation, New s S for tie 53 weeks ended December 31, Gold Shipment to U. 8. NEW YORK, January 22 (#).—The first gold movement from London to New York since November 13 was an- Speyer & Co., New York banking house, is to receive £500,- 000 in gold bars, about $2,500,000, on g;lak uitania, scheduled tb sail for New or! w. ‘The shipment apparently is the result of the decline in sterling, making gold transfers profitable. GERMAN BONDS AND STOCKS. Special Dispatch to The Star. NEW YORK, January 22.— Ger Govt Red Loan with drawe - A s, attachea per 100 . M r Govt § seeniianstt 285832 ner AN r Bank. Vien Ghem H e Ee Mercur Bank Vien: Nor 233522 For investors who have amounts of from $100 to $1,500 we have a wide variety of notes secured on propdrties in every sec- tion of the city. Please write, call, or phone for details regarding these offer- ings. SHANNON.: & LUCH First Mortdage Investments Telephone Main 2345 1435 K Street Northwest more income. such problems as yours. A.N D Then You Call A Specialist "rOU’VE been checking over your bond list. You appear to have too much of your money in rails--or industrials—or tax free issues. You wonder how to re- adjust it—to keep your money safe and get as much or ‘Then a sound and simple solution occurs to you. You ask J.AW.Iglehart & Company to have a reprelen}ative call, For an Iglehart bond man, you know, is a close student of investment trends and investor’s needs. He will apply to the revision of your list a broad experience gained in his everyday work of helping other investors solve just J-A. 1. Tglehart & Co. Investment Bankers 719 FIFTEENTH ST., N. W. : WASHINGTON, D. C. Clarksburg, W. Va. 6%% For Your JaNuary FuNDs ELECT the form of investment that thrifty persons have found conve- nient, profitable and sound. For Your January Funds we offer 614% and $100 i pany through 56 first mortgage bonds in $1,000, $500 i Bonds city properties, and each offering is pro- tected by a system of positive safeguards developed by The F. H. Smith Com- saf ok - years We also offer other types of securities to meet various requirements of our clients. Send your neme end address on the lars and our latest booklet. THE F. H.SMITH Co. Investment Securities— Founded 1873 Smith Building ~ Washington, D, C. (815-15th Street, N. W. - Main 6460) Branchk Offices in— New York— and Other Cities