Evening Star Newspaper, February 5, 1929, Page 14

B S S G 'FINANCIAL. TEST CASE RESULT PLEASES BANKERS Tax Refund Verdict Won by Oven. High. Low. Close. Abitibl Power... 50 51 50 51 Aoitibt Popf(6). 83 85 83 85 Adams Exp(6).. 404 419'3 404 415 Adams Millis(2) h 34 33% 34 Adv Rumley.... 2% 65 Com InTrpf 6% Com In Tr pf(7). Com Solvnts(8). Com Power (13 Condo Nast(2).. | STAR,” WASHIN Oven. High. Low. Close. 96 109 243 1224 87 96 109 243 124% 88 96 109 242 96 109 242 124 86 Kreuger & Toll.. Kroger Gro(cl). Lambert (17) Lambert (rts). Lee Tire & Rub. 'NEW YORK STOCK EXCHANGE Open. High, Low. Close. 40% 113% 138% Tl 224 40% 13 130% | T 40% 113% 113 140% 137% T 7 Received by Private Wire Direct to The Star Office Open. High. Low. Close. 20 20 1 194 5 2313 Seab Air Line, Seab Air L pf... Seagrave(el.20). Sears-Roe(32%) Seneca Copper. . Shattuck FG(2). STOCKS ARE FIRM; COPPERS ADVANGE Rails Encounter Heavy Prof- FINANCIAL 0il Production. TULSA, Oklahoma, February 5 (#).— The Oil and Gas Journal says today that the estimated daily average pro- duction of light and heavy oil in the United States for the week ended Feb- ruary 2 reached a new high record with a total of 2,678.235 barrels or 11,179 barrels more than in the week ended January 26, Light oil production incrcased 15,849 barrels. However, a decrease: in heavy oil production lowered the total 4,670 barrels. Virtually every field in the United States reported an increase in daily light oil production. Oklahoma fields in=- creased approximately 4,980 barrels; ‘West Texas, 2,159; Mid-continent, 4,553; Rock Mountain, 1,096, and California 10,000 barrels. Eastern flelds remain constant with 112,000 barrels. In heavy oil production, the Gulf Coast fleld increased 5.860 barrels; Southwest Texas, 1,800. All other fields showed decreases. Adv Rumley pf.. 72 663 Ahumada Lead.. 4% 4 Air Redctn (13). 109% 109% 109 Ajax Rubber.... 10% 10% 10 Alaska Junea... & 84 Albany Papr(2). 231a 23% Alleghan 31% 321 Alleghan; 10214 1021y Allled Chem 290 293 Allis-Chalm 186 186 4% 4% 10 10 34 33 20% 20% 6815 681y 124% 129 19t 20 60 Congoleum-Nair Cong Cgrs (5).. Conley Tinfoil.. Consol Cgrs (7). Con Cgrs p1(7).. Con Film pf(2).. W 28% Comsol Gas (3).. 114% 115% ConsolGaspf(5). 991 99% ConRRCuba pf 6 69's Consol Textile.. 5 Container A 1.20 20% Container B 60c. 10% Cont Baking A.. 57% Cont Baking B Cont Bak pf(8).. Contl Can (2%). Cont Insur(6)... Contl Mot(80c). Cont Motors rts. Corn Prod 13%.. Coty Inc (2 Crown Zelrbek 1 Cruc:ble St1(5). CubaCaneSugar. Cuba Cane Su pf Cuba Company.. Cuban Am S(1). Cudahy Pke(4). Cudahy (rts)... Curtiss Aeroc1). Cutir-Ham (33%4) Cuyamel Frult.. Davison Chem 6614 Del & Hud(9)... 202 Del L & Wit7).. 132 Den G Wnpf.. 69 Devoe A (13.20). 64 Devoe&R 1st(7). 115 Diamond M (8). Dome Minesc1). Drug Inci4). .. Dul S S & Atlan Dunhill Int (14). Dunbill (rts) Duplan Silk ( Dupont (new).. Du Pont debt6). 117% 117% .. 100% 100% 3T 3T 1934193 T4vy T4 364 3T < 108% 108% c Auto L (4). 165 Electric Boat 14% ISiecPow&Lit( 6018 Elec P&Lt pf(7) 108% 108'3 Elec Stor B (5).. 90% 90% Em Brantgm(A) 13% 16% Eng Pub S(m1). 56% 57 Eng PuSpf(5). 95% 95% Equit Blde(2).. 34" 35 uitableTr(12) 551 551 73 31% 90% 31% 9% 1% 94 31% 6214 102'% 6714 321 9674 971 137 491 88 7% Leh Por Cmt 2% Shell Un(1.40). LehighVal(3%). e Shubert The(5). Simmons Co(3). SimmsPet(1.60) Sinciair O1l ?| Sinclair pt(8). Skelly Oi1(2). ... Snider Packg Co iSnider Pkg pf... So Por Rico(2) Soutn Por pf(8). South Calif Ed.. South Dairfes A South Dairies B. South Pac(6) South Ry(8). South Ry pf(5) Spang Chalfnt. Spear & Co.. Spear&Co pf(7). Spicer Mfg. . Splegel Co (3 Stand Com T(1). SG&E (3%). Std G & K ptid). Std Milling (6). Std Milling(rts) . Std Millg pf(6). Std O of Cal(13) StdOIINJ (113%). StdO:INY (1.60). Std Plate Glass. Std P Glass pf. Std San M(1.68). Stewart-War(6) Stromberg (3).. Studetaker(5) Submarine Boat. Supertor Oil. Superior Steel. .. Symington...... Symington C1 A. Telautogrph(1). Tenn Coppertl). Texas Corpn(3). Tex Corp full pd. TexasGulfSul(4) Texas & Pac(5). T&P C&O(b2%). Tex Ld Trinew) Thatcher Mfg. .. Thatchr pf 3.60 The Falr(2.40).., The Fair pf(7).. Third Avenue... Thomp J R(3.60) Thompson(rts).. Tidewater AsOil ‘TidewatrO(80c) Timken Roll B.. Tobac Prod (8). Tobac Prod A(7) Transcont Oil, .. Transue & W(1) Trico Prod(2% ) Truax Trar 1.60. Twin City RapT Undwd-El F (4) Un Bag & Paper Union Carb(6). Un Ofl Cali2) Union Oil (rts) Unton P'ac(10).. Un Pacific pt(4) Unlon Tank(5).. Utd Blscuit 1.60. Utd Cigar St(1). Utd Dyewood Utd Elec Coal. .. Utd Fruit(t5%) Utd Paperboard. US CastIr P(2). US CIP 1st 1.20. US CIP 2d 1.20.. U S Distributing U S Distrib pf(7) U S Hoftman(4). U S Aleohol (8). US Leather.... U S Leathr Ac4) S Lea pr pf(7) Realty(4).. Rubber Kub 1st pf. Smelt(3%). U S Steel(7).... U S Steel pf(7). Uni Leaf Tob(3) Univ Pipe & Rad 4% 109% 100 874 it-Taking— Motor Group Shows Gains. Riggs National to Bene- fit Others. 10815 204 3814 Have You Funds to Invest? HEN let your first thought center upon the choice of experienced counsel to advise with you in select- ing from the many and varied forms of investment offered. Lig & M pf(7) Lima Locomt vy Liquid Car(41). Loew’s Ine (3).. Loew's pi(6%).. Loft. Long-Bell(A). Loose-W(1.60) Loose-W 1st(7). Loriilard Co. Loulsiana Oil. Louts GasA 1.75. Louis & Nash(7) Ludlum Stl ctfs. Ludlum S pf 63%. 100 Mac And(12.85). Me Call Corp(4) McCrory A(2)... McCrory B(2)... { Mclntyre P(1).. McKeespt Tin P1 McKes&Ro 1.60. McKsn pf A 3% Mack Truck(6). Macy, Co (€2)... Mad Sq Gar 1%. Magma Cop (4). Mallison & Co. Manati Sugar. .. Manat! Sugar pf Mandel(2%).... Man Elec Suply. Man El m2g(d5) Man Shirt(2).. Market Street. Market St prior. Marlan Oil. . Marmon Mot Martin-Parry. Mathieson(6). May Dept S(4) Maytag (12).... Maytag pf(3)... Maytag Ist pf(6 Melville Sh 1.10. Menge! Co. Mexican Seab Miami Cop (2 Mid-Cont P(2) Middle States, Mid States ctrs Midland pf(t12) Miller Rubber. .. Minn & St Louf Minn StP&SSM Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific. MoPacific pf(5). Mohwk Car 24, Mont Ward 2%.. Moon Motor. ... . Mother L (40c).. Motion Pic Corp. Motor Meter A.. 4| Motor Prod(2). ! Motor Whi (2) Mullins Mfx. Mullins pf (7). Munsingwi (3). Murray Corp. Nash Motors(6). Nash & Chat(7). Nat Acme (1)... Nat Bellas Hess. NatBHess pf(7). Natl Biscuit(t7) Nat Bise pf(7).. Nat Cash Reg t4 Nat Dairy (13). Nat Dept Stores. Nat Distillers... Nat Distillers pt Nat Lead(5).... Nat Pow&Lt(1). Nat Raduator. .. Nat Suppiy (18). t Surety (5). Nevada Cop (2). N Y Air 8r(3). N ¥ Central(8) NYC&StL6). N Y CStL pf(6). N Y DocK.eouurs N Y & Harim(5) NYNH&Hart(4) NY NH&H pf(7) N ¥ Ont&Westn. N Y Stm pf(6).. NorfolkSou 13% Norf & Wn(t10) NorAm bl10%stk North Am pf(3). NorAm Ed pf(7) No Germn Lloyd North Cent(4).. Nortn Pac(5) Nor Pac efs(5) Norwalk Tire... Ol Well Supbly. Oii Well S pt Omnibus....... OppenhmCol (4. Otis Elev (6).... Otis Steel...... Otis Stl pr pf(7) Owens Bot (c4). Pacific Gas(2).. Pacific Mills. .. Pac Oi! Stubs. .. Pac Tel & Tel(7) Packard Mot(3). Pan-Am Petrolm Pan-Amer Pet B Panhandle...... Paramount-F-L Park & Til(13).. Park Utah(80e). Pathe Ex.. Pathe Ex(A) Patino M(2.92) Peerless Motor. Penick & Ford.. Penn C&Coke Penn Dixie Cmt. Pa Dix Ct pf(7). Penn RR(3%).. People's Gas(8). Peoria & Kast... Pere M prior(5). BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 5.—Starting with the copper shares today's stock | market broadened out to include many | other industrials in an upward move- ment, which, however, omitted the| rails. Except for the coppers, the rise | was not pronounced, but it did serve to allay the nervousness in evidence | on the day before. Money held at 7 per cent throughout | the day and was available at conces- | sions on the oatside. The turnover w only moderate and the ticker kept well | up with the market on the floor. Strength in the copper stocks was | based on the advance in the market | for the metal, which was quoted ioday | at 1712 cents a pound, an advance | of Y4 cent. The movement gained momentum when the news came of the | raising of the Anaconda dividend from | $6 to $7 annually. American Smelting | & Refining sold at a new high for the | split-up stock. | Coppers Advance. Greene Cananea ran up rapidly for a 4-point gain early in the session. The report was that Anaconda would make an offer for the stock at an attractive price. Anaconda itself was strong and going through 130 made a new high. It was announced the stock has been! put on a $7 annual dividend basis. Kennecott, Nevada, Cerro de Pasco and Calumet l?nd Hecla were bid up sym- thetically. pn'I‘here wzrr a number of outstanding strong industrials. One of them was American Can, which above 119 was higher than ever before for the present stock. Coca Cola started in at a new top at 138, Then the airplane stocks, particularly Curtiss, continued to rise, 1 inspired by the Lindbergh trip to Pana- ma. This may not be a logical reason for bidding up stocks, but logic does not count for so much nowadays. The motors did better today. Shorts in Packard and in Chrysler took in their contracts and the price advanced ac- cordingly. Chrysler was up more than 3 and Packard more than 4 points Mack Trucks was in demand at higher prices and among the accessory issues ‘Timken Roller Bearing stood out around the best of the movement. ‘The rails were temporarily in disfavor. Sizeable profits had accumulated dur- ing the past 10 days or so and these were being turned into cash by traders As a result nearly all the leading railroad stocks were lower. The strik- ing exception was Delaware & Hudson, up over 5 points above 206. Delaware & Hudson often moves independently of the other rails as reports gain ground that the shareholders are to benefit by the large profits made in the sale of Wabash and Lehigh Valley stocks. Further Gold Imports. In the early trading United States Steel was distinctly heavy and dipping below 183 made a new low on the re- action. It rallied afterward, however. There is still talk of a stock dividend lor a split-up in April, but the stock has been in supply ever since it began to come.down from its record top above | 192. Money renewed at 7 per cent and was in good supply at that rate. No atten- tion was paid to the Stock Exchange brokers’ loans statement, showing an- other new record high. Further en- gagements of gold for import from Lon- > don strengthened the impression that Ul P&L Ace2). there was nothing to fear for the pres- Vadasco Sales... 12 2 14 | ent at least on account of credit. Vanadium (14). —_————— Vick Chem(4). .. Victor Talkg(4). Vietor pr pf(7).. Va-Caro Chem. . Va-CarCh 6 %pf. Va-Car Ch pf(7) Vulcan Detin. .. Vulican Detin(A) Vule Det pf(7).. Waldorf(1%). Walworth(1.20), Ward Baking B. Ward Bak pf(7). Warner Bros Pic Warner Bros pf. Warner-Quz Warrn Bros (15) Warren 1st pf(3) Warren F&Pire. Webstr-Eislohr. Webster-Eis rts. Wells-Fargo. ... Wesson Ol (4) . Wes O&Sno pti. W Penn El pt(6) West DairyA(4) West Dairy B... West Maryland. West Md 2d pf, West Pacific. West Pacitic p! West Union(¥)., 202 Westhse A B(2), Westinghse(4) Weston Electric. Westun A(2).... White Kagle(2). White Mot(1). White Rock (3). White Sew Mach White SM pf(4). Wilcox Oil & G.. Willys Ov c1.2 Willys-Ovd pt Wilson & Co. Wilson Co pf A.. Wilson & Co pt. Woolworth (§) Worthn Pump. Worth Pump(B’ Wright Aero(2), Wrigey ((13%). Yale&Towne(4). Yellow Truck... 39% d4l% Young Spring.. 597 6: Youngstn Sh(5). 111 113% 111 118% Hourly Sales on N, Market. 10:30 a.m.. 553,200 12m... 1,801,800 1:30 p.m. 2,721,600 2:15 p.m 3,226,800 Dividend rates as given in the above taple are the annual cash payments based on the latest quarteriy or half-yearly declaration; 7 Partly exira. 1 Plus 4% in stock. § Plus * Unit of trading less tha $3 40, preferred stock, 1 Pi 291 186 4% 10 EY EDWARD C. STONE. Washington bankers were rejoicing | today in the ruling handed down yes-| rday in the District Court of Appeals that a refund of $18,574.43 is due the Riggs National Dank on taxes paid 1 1927 on gross raceipts from in- orest received on exempt Liber- 7 bonds. As this was a test case, all the other banks in he Capital will profit by tr ng and also cbtain rafunds on these foxes, although in maller amounts n the sum duec g | | Amerada(2).... Am Agricul Chm 21 Am Agri Ch pf.. Am Bank N(13). 12! Am Beet Sugar.. 19§ Am Beet Sug pf. 60 Am Bosch. 41% Am Br Sh(J1.60) 597y Am Brown Bov.. 191 21% Am Brown Bopf Ti% 173 Am Can (14).... 116% 120 AmCar&Fdy(6). 100 100 Am C&Fpf(7). 11T 117 Am Chain pf(7). 79 Am Chicle (2).. Am Drug (60c). iy % 9214 24% 1'% a0 20 60% . Some may well fit your individual needs—others may be altogether out of the question. The right kind of counsel will take into consideration your own personal requirements and act as guide, mentor and friend. % 73 116% 118% 991 991 17 17 79N 56 56 104 10 10 913 91% 9% 29313 2891, 2931, 93 913 98 065 10615 10615 9915 100 99% 994 821 82 B2 2w 43% 43% 424 a3y 145 148 144% 147 T T4 TIw 924 T % 110% 110 117% 116 183 181 113% 113 811 130 22% 9l's 5 16% 224 15% 637% 1% 168 6114 84 564 10 913 9l . 92 Am&ForP pt(7) 1065 1 | Am&For P2d 7. Am Home Pr(3) Am Ice (1213).. Am Internati(2) Am Internat(n). | Am LaFr&Foam 7% Am Locomot(8). 110 Am Loco pf(7).. 116 Am Ma (4). 183 Am M&Fpfew 7. 1131 Am Metals(3).. Am Metals pf(6) 129 Am Nat Gas pf 7 9% 90 AmP&L (11).. 106% 110 105 AmPo&Lt pf(6). 101% 101% 10 |AMP&LDfsta5. 8213 83 g | AmP&L pra2 99 77 Dug Lt 1st(5). Am Radiator() 201 201% 201 Durham Hos pf. Am Ry Ex(6). 137% 138 Eastman(18) Am Republics... 51% 54% pator Am Saf Razud). Tl'a Tlis [[aton Adlclon Am Seating(3).. 4w 35 AmShip&Com. 6% 17 Am Shipbldg(8). 91% 92 917 9 Am Sm&Ref(4). 1181 122% 1184 1214 AmS&RpL(T). 136 136 135'% 135t Am Snuff (12)... 20115 20115 201 Am St Fdys(3). 7% 7T % 17 90% 91'a 90% 91 571 “ ! 1 62 8 663 206'% 132 1¢ is available to you without charge. ALEX.BROWN & SONS BALTIMORE Founded 128 7, Ago ‘WASHINGTON OFFICE * 737 15tA. St.N. Albion K. Pa ional ‘Bank were .2rried on by Frank J. Hogan, attorney | the bank, and were ba: cocision in a Wisconsin case. Y t'me these proccedings were started it | was suggested that all banks belonginy > the District of Columbia Banker: \asociation should pay their ta nding the outcome of thi 11 17 181 2 113% i 81 3% 9 2% 2% 186 187 7% 117% 100% 100% 3% 3TW 180 191 TB% 73% 36l 36% 10812 10813 163 165 14% 147 59% 60 108% 108% 89 89 13m 16% 56 56 4% 94 333 34% 551 551 734 9 129 of protests were made at his sug- fon, the proper legal phrasing being ed cach bank. Bankers expre: faction today over the out- | me of the refund plea and because decision was reached by Justice Van Robert V. Fleming 2s_doubly since he is head T the Riggs Bank and also of the “ankers’ Association. Assembles D. C. Exchange History. /Albion K. Parris, one of the founders - of Crane, Parris & Co., and now a re- L T10% 11015 21016 110% t'red financier, has gone to the trouble | Am Sumatra(3). 58% 58% b8'4 b8s arranging the history of the Wash- | \m Tel & Ca(5). 19 19% 19 194 ck Exchange in exceplion- | am Tel & Tel(9) 2171 21w 217 2181, & DI IEATE s Tobacco(®). 183 18315 1 : ook, whi - | Am To! 4 5 £21ns & Ereat deal of news matter that | Am Bonrisr,., Lo Aod 182 s appeared from time to time Tegard- | Am TypeFo(8). . 150 y i~7 this body. This book contains pic- | AmWW&EI(el).~ s of exchange members, and both | AmWW1ist pf(6) 1 "2 facts and illustrations are sure to | Am Woolen 5%, oon *_::lomzrsol;mmnrc and more value as :m &oolg{np = 564 56'9 54 5al e . m Writ Pa ED b | Mr “Parris presented the results of his | Am Weit ba g o sat 1o 134 o ~%oks to the members of the exchange | am Zine. 40 40 39 39 i3 yesterday's session. The members | am zinc of..... 106 106 106 T much impressed by the work he| Anaconda (7) 12674 130 129t 5 accomplished and on motion of | Anchor Cap 56T 567 . 557: rles J. Bell the exchange extended | Andes Copr 7, 50% 51% 50% b51% | Freeport T (4 special vote of thanks to him. Archer Dan (4).. 103% 103% 102% 103 | Fuller pr pf(6) The local exchange is now nearly half | Arch-Dan pf(7). 114% 114% 114% 1145 | o A ~entury old and is growing rapidly in . Gabriel Snub A,. S ohime of iading and the mumber | Armour Del E2. 9% 94k "94te “94% | Gardner Motor ek et ¥ | Armour IIl(A).. 17% 1T 174 5 i # local sccurities listed um;cr n.sh 9008 | ot iRy o o Aae Gen Am Tnk(4) Fire Insurance Stogks Popular. Armour 11 pf(7) During 1928 the investing public | Arnoid Con & Co ~ced r!rgmre than $145,000,000 of “new |Artloom(3) oney” into stocks of fire and marine | Artioom pf( urance companies, it is estimated by | Art Metai(1}). 29 - ‘nest Sturm, chairman of the Fidel- | ASSODryG(2i). 63u Phenix Fire Insurance Co., the ge- | A'chison(10)... 204 +vities taken being largely those of new | Atch T&S Ferts 2% ~orporations, although some of the |Atchison pt(6).. 103 103 \d-line” companies added to their | AtlCoast L(110) 187 187 “~ital structures. AtUGuIf& WI.. 36% 361 “In addition to this investment,”|AtIGUIfPf(3).. 4Th 4T 4 Mr. Sturm, “there was, of courss, | Atlantic Ref(1). 58% 58% “arge quota of funds placed in shares | Atlan Ref pf(7). 116 116 116 ! establiched companies that are | AtiasPowder(4). 1113 11115 111 L Atlas Tack. 12 Blinim the Sick Expings S0l | AuktiniNwhots % Aus Cred(4.49) 6313 Hibbs New Boardroom Completed. ! Auto Sales. 22% The street floor boardroom at W. B.|Auto Sales pf(3) 39 39 “bs & Co., which has been doubled | Autostrap A(3). 48 46 47y \ size, was thrown open yesterday to|Balto& O¢6).... 128% 129 127% 128 |Glidden (11%).. 41% 43% 2> public for the first time. The|Balto&Opf(4). 79% 79% 791 791 | Gobel (Adolba). 63x 65 viding partition was removed after|Bambgr pf(6%) 109% 109% 109% 1095 | Gold Dust (new) = 74% =2 market closed Saturday and the|Banga& Ar(3%). 69%: 69% 6915 6915 | Goodrich(4).... “ ~ats installed. Bang & Ar pf(7) 108% 108% 108% 108y | Goodrich pf(7).. 115 The boardroom is handsomely finished | Barker Bros(2). 32 33 32 Goodyear Tire.. 1284 130% 1 walnut and does away with over-|Barnet Leather. 25 25 5 | Goodyr 1st pf(7) 102% 103t rowded conditions which have pre-| Barnsdall A {2). 44% 44% 43% 44 (GothamH (235). 71% ailed in the past when the New York | Bayuk 1st pf(7). 105'% 105" 105 |Gothmnv(21) 70 ket was particularlly active. A | Beacon Oil...... 21% 2 Graham-Paige.. 48% r~w‘end much larger order counter has | Beecn-Nut (3).. 94% Grhm-Paigecfs. 46 £-on instelled and the number of tele- | Belding-Hemwy. 124 Granby (6).. 9015 fones also increased and new bulletin | Belg N R pf(16). 82 Grand F&W (1). 82 &2 b-ards have been arranged to carry all| Best & Co(3).... 881 Grand Unon.... 26% 26% "1 Jatest mews flashes from Wall| Bethlehm Sti(4) 2% Grand Un pf(3). 524 b52!a “reet. In eddition to the “big board | Beth Steel pf(7) 122 1221 122 Grant W T (1).. 140 144% cks,” quotations are also carried on|Bioomingdale... 46 48% 46 Grt North pf(5). 1124 1124 &-nds and New York Curb stocks. Blmingdle pf(7) 110% 110% 110 Gt Nor pf cfs(5) 109% 109% W. B. Hibbs, senior member of the 8 84% 84% 84% [GtNoOrefs2%. 36 36% % and his partners, W. W. Spaid, 9 9 9 |Grt WnSug2.80 40% 40'% e 39% 1 W. Corby and J. T. Hendrick, are | Borden Milk(6). 198% 203% 198% 200 |Grt WnSu pf(7) 117% 119 117% 119 ing hearty congratulations on the | Boston & Maine. 103 103 103 103 | Greene Cana(6) 176' 181% 175'% 180% iking improvements. 13% 13% {Guantanamo Su. 5 b A% Ay o " 54% 5413 |Gulf Mo&Nor.. b5 56 55 56 Heavy Trading in Bank Stocks. . bl blg | Gulf Stat Sti(4). 73% 7T6% 73% T4% 40 340 In Fairness to Your Wife —and family, you should leave a legally-binding Will, ap- pointing competent Executors or Trustees. Such prudence will save your family much inconvenience, worry and maybe loss, as well as insure prompt estate settlement. A conference with Qur Trust Dept. is 1: order if YOUR will is yet un~ made. National Savings & Trust Co. The Oldest Savings Institution in the District of Columbia 62rd Cor. 15th and New York Ave. change(1%). FedLight(h1.40) Fed Mot T(80¢). Fidelity-Phoenx 1 Filene's Sons. .., First NatS(1%). Fisk Rubber.... Fleischman {3% Follansbee 2% . Foundation Co. . Fox Film Aw4) Capital & Surplus $3,500,000.00 102'% 1 o 25% 26% 68 1T 6% 661 45% 484 944 94 504 50% 101 101 325 33 20t 20% 98 B T2% 112% 112% 140 140 5Tl 574 116% 107 68% .y 11% 82 T 6644 # = Year 33% 3 1 841y 841y B84 83% 364 30 30 99 99 2974 “ Gen Asph pf(5). 113 Gen Bakg pf(8). 140 Gen Cable...... 58 Gen Cable A(4). Gen Cable pf(7). 107 Gen Cigars(4).. 67 68 Gen Electric 16.. 249% 254% Genklec spi6ue) 11% 11% Gen G&EI A(12) 83 83 Gen G&LI B(12) 90 90 Gen Gas pf B(7) 108 108 Gen Ice Crm(14) 109% 109% Gen Mills (3) 87 ¥ GenMotors. . 837 Gen Vutdr Ad(4) 50% GenOutdrAd(2). 354 Gen Ry Sig(5).. 103 106% Gen Refrac(s).. 81% 82 Gillette S R(c5). 122% 123% Gimbel Bros.... 44 44 Gimbl Br pf(7).. 83% &4% FIRST MORTGAGES 107 67 24974 1% 82 90 90 108 108 109% 109% 87 87 8314 50% 3i% 64% 627 205 24 W 64 203% 204 2% IT DOESN'T TAKE A LOT OF MONEY 36 u u u u U Bl s s s 84% 51 35% One of the advantages of- fered for investment in our 6% FIRST MORTGAGES 111 12 Th 6319 23% 344 103 105% 81% 82 122% 123 43 4u% 83l 84W 41% 43% 61's 65 4% T6% 96 Buy Credit Company Branch. FREDERICK, Md, February 5/ (Special).—Announcement of the pur- chase of local business men of the Frederick branch of the Commercial Service and Credit Co., a Baltimore concern, was made yesterday. The organization will be known as the Maryland Industrial Finance Co., Inc. Officers are: Willilam B. James, president; E. B. Measell, vice president; Prancis Petrott, treasurer and manager, and Miss Grace E. Gladhill, secretary. The officers and Dr. G. F. Smith and R. H. Bair of Woodsboro compose the hoard of directo: 200% 102 Is the fact that you can acquire ownership in amounts as small as $250—with the surety of this fixed and liberal rate of interest that doesn’t vary from the day of investment to matucity. A Third of a Century Without a Loss 91 51% 5214 140 143% 110% 110% 109% 109% 31 Don't wait for big sums— invest small amounts. B. F. SAUL CO. Main 2100 925 15th St. N.W. 1 ; § ; Botany Milis (A} Briggs MfgFCo. British Empire. . 13% 54% ! 1 5la 54 Trading in local bank stocks was one | Bklyn Edisn(8). 340 340 9f the features on the Washington Stock | Brockwy Mot(4) 68 69% 67% 681 | Hacknsk W(1%) 26 26 28 iichanee today. The market opened | Bkiyn-Man(4).. 77% 77% 76% 76| HaCk pra%). 27 27 27 ith a single share of National Capital | BklynUnGas(5). 189% 191 1191 1901, | Hahn DeptStor. 51% 53% 51% nk solling at 265 and 11 more chang- | Brunswick B(3) 51 51% 50% 513 |Hahn DS pe6%. 110% 111% 110% 111% i3 hands ai 252 Riggs National|Brunswick Ter.. 42h 4 dln g2 | Hauna lstpf.\l 9Ty o7 97 97 taened ot 577, the same as the last|Bucyrus(l)..... 40% 413 5394 41 |Har& Walkr(2)' 55 55 55 55 tale, and then advanced to 578, of |Bucyruscv(2l%) 49% 50 48% 493 |HartmanA(2)., 26 26 - 26 ing at this high mark. Bueyrus pf(7).. 115 115 115 115 |Hartmn Bi120). 32% 33 323 nal Bank of Washington record- | Buft & Susq. 61 61 61 61 |HelmeGeo(t7). A d a small sale at 312%, after which | Burns BrosA(8) 116% 116% 116% 116% | -lersney Corp. 69% 69% > shares of American Security & |Burns Bros(B).. 33 34 33 34 st came out at 475. The final bank | BurnsBrospf(7) 105 105 Hershey pfi4) 824 82% 24 Holnd Fur(2%). 47 48% 46 k rall was'in Dnich “Try Bush Term(g2). & 86% Homestake(f7).. T3% 731 T34 Che: Farms Dm‘r‘va?cs:te?rLegS:éld Bush Ter de(7).. 108% 109 Household(t4).. 76% 7613 76% ¢ 110 and 109%; and 109%. Two 100- | ButteCop&Zino 8% 91 ok by a2 re blocks changed hands. This stock | Butle & Sup(2). 10 104 S e B 2 be calied soon at 110 in connection | pucrerickCo. ... 35 35 b D b ha company e, man T aecion | nyer & Cowt(7) 115% 118 Hudson Mot(5). 87l 894 &7 Kztional Dairy Products Corporation, | LyerSAMIrts)., 14 1w 14 sl T Potomac Power .61 per cent prefor- | BV -Productst2). 120 1205 119% 120% | lllinots Cen(7).. 146 146% 146 was still strong at 113 and 1131, | Callf Paek(4)... 77% 80 77% 78 82 4 vhile the 55 per cent issue moved at | Callahan Zinc. 3% 3% 3% 3% 1997;. Columbia Sand & Gravel prefer- | Calu & Ariz (6). 131% 134% 131 134% | 1°4 made further recovery by selling at | Cal & Hecla(4).. 56% 56 Mergenthaler was more active to- | Can Dry (14%). 84 84% . 80 shares changing hands at 104%. | Canad Sou(3)... 61% 61 icnal Mortgage sold at recent levels. | Can Pacific(10). 262% 262 Donds drew considerably more at- | Canon Mills 2.80. 4515 =45 tion. Capital Traction 5s opened -at |Case Threshz(6) 458 459 121, and Washington Gas 55 at 1017 | Cavanah Dobbs.. 36% and 102. Gas 6s. series A, came out at | Celotex Co (3)... 79% 10312 on a small turnover. Traction 5s | Cen Aguirre(2). moved up to 100% before the close. | Cent Alloy. Taflway & Electric 4s came out at 893, end Georgetown Gas b5 at 101%4, Detwiler Opens Office Here. Inc., investment ed a new Washing- : office in the Investment . Joscph A. McLean, for many dent of Washington, will be e ’ THERE IS NO SUBSTITUTE FOR SAFETY —vou'll sav when you see your offices fitted with our OFFICE FURNITURE A mirror, a desk. a cabinet, 8 rug, three or four chairs— icture—simale. vou sy, Yes, but what distinction! THE W. D. CAMPBELL COMPANY Two Entrances 1018 15th St. N.W. 1506 L St. N.W. Franklin 5660 0400000000000 00 2% 115 69% 115 69% 105 841 10! 6 30% 100% Phila Co pf(3) Phillips P (1%). Phoenix Hosiery Plerce-Arrow. .. Ind O & Gas (2). 32 Indian Mot (1).. 25 Indian Mot pf(7) 94 Indian Refining. 36% Indian Refgctfs 35 Indust Rayon... 13( Ingersoll-R(16) 135 Inland Stl (3%5). = 88 Inspiration (3)., 48% InterboroRapTr. 52i4 InterconRubber, 11% 11% 1l 11k IntAgChpf(7). 8 85 & Intl Bus Ma (5). 153% 160% 153 IntCement(4).. 98% 99% 975 IntCom Enge2). 884 89 87y Int Comb pt(7).. 1126 11215 1125 1121 Int Harv (233).. 108%% 109% 108'% 109 Int Harv pf(7).. 143 143 -142 Int Mtch pf 3.20. 9 2 | Int Mer Xarin, Int Mer Mar pf.. 37 Int Nickl of Can™ 65 ickel pf(7). 123 240), 72 Int Paper pfi6). 94 Int Pa&PoA2.40. | Int Papr & Po B. | Int Papr & Po C. Int Paper pf (7). Int Prig (nk 2%. A Int RysCen Am. 56 56 56 Intl Salt(5)..... 3% 73% 7314 v Int Silver....... 141% 1 141'a 143 Int Tel & Tel(6). 219 2% 219 219% Interstate D S.. 80 ¥4 79 84 Intertype(f1%). 30% 30% ~30% Island Creek(4). 55% 5567 b5% 5% Jewel Tea (15).. 1624 162% 1607 160% Johns-Manv(3).. 2320 236 232 234% Jordan Motor... 13%% 13% 13% 13w K CPo&LtB(6). 112 112 112 112 Kan City South. 93 93 93 93 KanCSopf(4).. 68% 68% 68% faufmn DS 1 36% B4% Kayser J(5) 86 Keith-Albee. . 3914 Kelly-Spring.... Kelly Tire 6%pf. Kelly Tire 8%pf Kels Hayes(2).. Kelvinator Corp. Kennecott (8) Kinney (G R) Kinney pf(8). Kolster Radio. .. Kraft-Pho(1%). Kresge St(1.20). Kresge Dept S.. 31% 190000000000000000000000000000000000000000° Plerce Petrolm Pilsbury (1.60).. Pirelli of Italy Pitts Coal. Pitts Coal pf.. Pitts Term Coal Pitts&WVa(6) Por RicoToA (7). PortoRicoTobB. Postum(3)..... Prairie Oll&Gas. Prairie Pips L.... Pressed Stl Car. Pr Stl Car pf(7). Produ & Refinrs. Producers&R pf. Pubic SerNJ (2 Pub Serv NJ rts. Pub Serv pf(6).. Pub S NJ pf(7).. Pullman Co(4).. Punta Aleg Sug. Pure O11 (1). Pure Oil p£(8), Purity Bak(3).. Radlo Corp. Radio (new) RadioCo pf(3%) Radio-Keith(A). RSCefs(4).... ReadingRy(4) Reading 2d(2).. Real Silk Hos. .. Reis(R)& Co Rels 1st pf(7). Remingtn-Ran Rem-Rd 2d(8) | Reo Mot (11). 3414 6314 0000000000000 00000000000000000000000000000 00000 ; 5213 52l 521 46 50% 360 360 18 18 1121 107% 112% | 26" 25,0 1414 49'3 ThE PROFIT THAT SLIPPED AWAY friend of yours, so you have just heard, let a sub- stantial profit slip through his fingers. He overlooked a conversion privilege in some of his bonds until after it had expired. % al GUARANTEED'Y Far Better—6% With Safety Than More With Risk This strong company absolutely guarantees its 6% First Mortgage Notes secured by high- class owner - occupied homes in nearby Mary- land. And 6% is a highly satisfactory yield of profit, particularly when with it also go unquestioned safety of principal; and the cer- tainty of unfailing promptness on interest dates. Century Rib M. . Cerro de Pas(5). 108 Certain-teed Pro 25 Certo (14).. Ches & Ohio( 2 C & O Corpn(3).. Chi & Alton. Chi & Alton pf Chi & East Iil pt Chi Great West., Chni Gt West pf.. Chi Mil & St P.. Chi Mil & StP pf Chi& Nwn (4).. Ch wn pf(7). Chi Pneu T new Chi P T pf(33%). Chi R1&Pac(6). . CRI&Ppf(6). CRI&Ppf(7). Chi Yel Cab(3).. Chickasha(3)... Childs(2. . Chile Cop (313). hrysler(3). City Ice & Fuel. City Stores new. City Stores(rts) . Cluett-Peab(5s). pf(7) 114 138 4 854 e 2211 8610 d Pay- Pins 60 & Plus 6. stock. 1 Plus 20n in sl aquarterly’ in Payable 1710 share auartetly in zar Siores common stock. B Plus stock. . stock, m United Cig %% in CHICAGO DAIRY MARKET. CHICAGO, February 5 (#).—Butter higher; receipts, 14,608 tubs; creamery extras, 49; standards, 48}2; extra firsts, 48a48l5; firsts, 46a47; seconds, 44ad5. Eggs higher; receipts, 10,786 cases; ex- tra firsts, 39a40; firsts, 37a37!2; ordi- nary firsts, 32a35. s Poultry, alive—Firm; receipts, 2 cars; fowls, 20a29'>; Springs, 33; roosters, 22; turkeys, 25; ducks, 30; geese, 23. iler & Co. have opened, the others in Newark. v Haven, Reading | ton. L. Edgar Detwiler is ong of | Ts in consolidating water com- 61% 385 63% 944 60% 94 385 331 20% 15'% 2 % 20% 20% 15% 157 92% 92% 60% 60% 6 the p! panic Among officials_in Incorporated, The thought bothers you. You own some convertible bonds. You have but little time for investment matters. You realize that the same thing might easily have hap- pened to you. To prevent such oversights, however, is easy. 137% 396 80% 55% 39% 145 Detwiler & Co., 33% is Bernard Sieme, who esident of the American, 1352 135 02i% 1t * 107' 1070 107% % 33 47% 474 6% 9% 94% 91% 110% 113% 110% 113 61's 6113 61'3 61'3 26% 6% 26 26 years h water worl Local Financial Notes. Robert C. Jones of G. M.-P. Murphy & Co.s Washington office, is in New tk for a few days on business in con- | 2 ith the firm, i of _commodi ded Febr declined three- of 1 por cent according to the | C ale price index of the National T Association. Seven groups de- | 4 and only two advanced. These | were foods and fats, The largest | occurred in live stock, metals, miscellaneous, mixed fertilizer, and J. Harahen, of the ay announces connected with the em of Baltimore., Just call.in a representative of this house and give him alist of your securities. He will ses that they are watched carefully, and advise you promptly of developments which should have your attention. His assistance is yours for the asking. J-AW. lglehart & Co. Investment Bankers 719 FIFTEENTH ST., N. W. - WASHINGTON, D. C. Baltimore, Md. Clarksburg, W. Vas i Richmond, Vas Charleston, W. Vas POTATO MARKET WEAK. CHICAGO, February 5 (4).—(United States Department of Agriculture) Potatoes—Receipts, 124 cars; on track, 285 cars; total United States shipments, 871 cars; trading slow, market weak; Wisconsin sacked round whites, 85a1.00; Minnesota and North Dakota sacked round whites, 85a90; Idaho sacked rus- sets, 1.5021.70. fes during the | 140 49'% 49% 484 48 56% 57 55% 55w 99% 101 99% 101 Col ¥uel & Iron. 734 T4 73 73 Colo Fuel pf(8). 133% 133% 133% 133% Col Gas & El(5). 152'3 152' 150! Col Gas&El new. 62 62% 61% 6214 Col G&E pfA(6) 107% 107% 107 107 Columbia Graph 77% 80 6% T8 Col Carbon t434. 151% 154% 151 5 Com Cred(1).... 52!3 Com Cr1stpf 6% 102 ComCrpfi1%). 25 Com Credit(rts), 3% Com Inv Tr (4).. 190 Com Inv (war).. 60 - Reynolds Spngs. Rey TobB t6%. Reynolds B new. RhineWE(1.92). Richtield O11¢2). Rio Grande Ot Royal Bak P(1). Royal D(a3.222). Sateway (3).... St Jos Leaa(13). StL & SanF(18). StL&SanF pf(6) StL&Southwest. StL Swn pf(5).. Savage Arms(2) Schulte (J3% ) Schulte p£(8). Coltins & Aikmn Col & Aik pf(7). d fuel, T. S. TREASURY RECEIPTS. ‘Treasury receipts February 2 were $16,657,310.35; expenditures, $11,01 848.88; balance, $137,025,105.08. 60% 17% 1 163% 1. 5 120% 96% 12 91 to b2 made on this road in OF MaRYLAND I* 923 15th St. N.W. Stockholders of the Detroit Edison Co. have approved an increase in au- thorized capital stock to $150,000,000 Irom $120,000,000, _ = entirs Irish Free State is to be ed frora one Shannon River 817 4% 20% 191% | KresgeDSpf,.. 72 72 72 72 85 .~ Kress SH(h1%), 109% 10913 1094 109% 48% 191% 189 341 354 344 35‘5: 60 . &8 106 106 - 105% 105%