Evening Star Newspaper, February 5, 1929, Page 15

'FINANCIAL,, Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 THE IDEAL INVESTMENT Standard Collateral Trusteed Common Stock Shares --represent & TRUSTEED INTEREST in 100 leading American Corpora- They are certain of paving IDENDS. e MARKETARI nd, over a perind of years. dends for 1928 of these 100 ons exceeded TWO BILLION | Doitar | For Particularsiand Price Call Standard Collateral Shares Corporation Franklin 5783, Woodward Bldr. Mor;ey to Loan Secured by first deed of trust o real estate. Prevailing interest and commission. Joseph I. Weller 50,755 § § N \ On Improved Property " in Maryland and District of Columbie 6% i Interest { No Commissicn Charges V/EAVER BRO! REALTORS 809 15th Street N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company ComrLETE FINA Ist & 2nd' ‘TRUST MONEY On homes, apartment buildings and business properties. No appraisal fee. Prompt service. Real Estate Mortgag & Guaranty Corp. 24 Jackson Place Main 1403 Consult Us First If you need money for | your Real Estate financing let us have your application today, 5 : ' Prompt Service No Appraisal Fee The Commercial Company Incorporated Paid up Cash Capital, $900,000 Commercial National Bank Bldg. 1ith and G tional Let us have your applications LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Checques Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 PRICES FLUCTUATE Market Moves in Sympathy With Stocks—Low Yield Issues Sold. BY CHARLES F. SPEARE. | Special Dispatch to The Star. NEW YORK, February 5.—The fact | that considerable gcld was reported to- day for import did not change rates | for money. Under steady strain of the high money rates there was further | moderate selling of low-yielding bonds. This type of investment is now at ap- proximately the lowest level in several | years and it is significant that in spite of substantial declines recently they show almost no rally. Northern Pacific 4s are off a full point this week. Further losses ranging from 1; to 3; point occurred in this group today. The convertibles were also reaction- ary in line with the irregularity of stocks. All the “Big Four"—namely, International Telephone 41:s, Alleghany Corporation 5s, American International 5125 and Public Service of New Jersey 41,s—were lower, with prices ranging ! from 15 to 212 points below yesterday's closing. Anglo-Chilean 7s advanced a point to par, Remington Rand 5!>s were active in the neighborhood of 95 and Cali- fornia Petroleum 5s showed a good advance. Wickwire Spencer convertible 7s and Walworth 6s were strong. Not only have the legal rails and | public utilities been soft, but the market for junior rails is affected by the high money rates. The same condition bears Ion a number of the low coupon for- eign government obligations. Wabash 458, brought out a year ago at 951, | were today 8 points lower than when | originally offered. The short line rail- road bonds, after some reaction from last week’s rise, moved up again. In the foreign list all of the French issues, Japanese, Germans and Argen- tines were strong. Several of the East- ern European issues were heavy, among them Greek government 6s and City of Budapest 6s. Today’s new offerings were distinctive in that practically all were in the form of bonds, although bonds with con- vertible features. As an indication of the change in the times, the new Com- mercial Investment Trust 5's per cent debentures are convertible info common stock of the corporation, whereas the earlier 6 per cent convertible debentures were exchanged into preferred stocks. The average investor today is about as little interested in a preferred stock as he is in a bond unless the former may be convertible into common. . PARIS BOURSE PRICES. PARIS, February 5 (#).—Prices wei firm on the Bourse today. Three p;: cent rentes, 72 francs 20 centimes; 5 per cent loan, 97 francs 50 centimes. “xl‘ztxigmng;_hof ém’lildon. 124 francs 1015 es. The dollar was quote francs 602 centimes. SRR Washington Stock Exchange SALES. 3 Cas;;l.t:go ;I;n;%tli.on 55—$1,000 at 101, Washington Gas 55—$1,000 at 1017, $1,000 at 1017, $1,000 a SEue L s § t 102, $1,000 Washington Gas 6s A—$400 at 10315, Capital Traction Co.—b5 at 1065, Chestnut Farms Dairy pfd.—5 at 110, 100 at 109%, 100 at 1097, Potomac Electric 6% pfd.—10 at 113, 4 at 113, 6 at 11315, Potomac Electric 514 % pfd.—5 at 109! 10 at 10914, 10 at 109: ¢ National Capital Bank—1 at 265, 11 at 252. Riggs National Bank—5 at 577, 5 at 577%. 10 at 578, 10 at 578, 30 at 578, 10 at 578. Na;:gn;n,l Bank of Washington—2 at 4. American Security & Trust—? at 475, 1 at 475, 3 at 475. Union Trust Co.—7 at 353. Columbia Sand and Gravel pfd.—10 at 96, 5 at 96. Commercial National Co. pfd—5 at 104. Mergenthaler Linoty 50 at 1043, 10 at 10435, 20 at 10435, 10 at 10435, National Mtge. & Inv. pfd—40 at 5%, 20 at 5%. AFTER CALL. Capital Traction 55—$500 at 100%. Washington Gas 55—$1,000 at 100%. ‘Washington Rwy. & Elec. 45—$1,000 at 8914, $1,000 at 89, Columbia Sand & Gravel pfd.—10 at 96. Georgetown Gas 55—$1,000 at 10114, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telza. 47 . . !gg’l A,.llld. . cons. "5 Potomac Elec. 65 1953... Wash., Alex. & Mt. V. cif Wash: Balto. & Annap. 55. Washington Gas 5s .. Wash. Rwy. & Elec. gen, 6s. MISCELLANEOUS. STOCKS. PUBLIC UTILITY. & Telga [ Amer. Tel. Capital Traction Washington _Gas....... N. & W. Steamboat .. Potomac Elec. 6% ptd Potomac Elec. 515% pid Wa wy. & Elec. com. . & Elec. pfd NATIONAL BANK. National Capital.. 5 TRy Federal-American Y. Riggs A Second U . ! 285 National Bank of ‘Washington i TRUST COMPANIES. | American Security & Trust Co. 471% Continental Trust. 135 Merchants Bank 5 1 Nationel Savings & Trusi.. Dolon: Trist..... o o0u Washingion Loan & ‘Triv SAVINGS BANK. Bank of Bethesda.. Commerce & Saving East Wushington, Potomac : curity Savings & Com nth_St nited Stat ashington FIRE INSURANCE. American .. Corcoran Firemen's " National Union TITLE INSURANCE. Columbia Title. . eal Estal te; Title & Inv. Co. of M Wash. Cons. Title pf MISCELI Barber & Ross, Inc., col Chevy Chase Dairy pfd Chestnut Farms Dairy Un w ge. Peoples Drug Stores pi Security ~ Storage.. Ter. Ref. & Whrs. Corp. Wash. Conv. Hall pfd. - “THE :'EVENING ST.A'R, WASHINGTON, D. C, TUESDAY, FEBRUARY 5, 1929. Private Wire Direct to The Star Office UNITED STATES. (Salas are in $1.000.) Sales. High. Low. 114 9924 9920 1004 6 9725 9725 5 Close 9921 100 ¢ 1005 9725 97 25 31028 1022 1022 11058 1058 105 8 57 1108 1103 1103 FOREIGN. Sales. High. Low. Argentine 6s Ju 59, 17 100t 100% Argentine May '61. 9 100% 100% Argentine 6s Oct 59 12 100's 100% Argentine 5%s'62.. 9 96% 96 Argentine 6s A. 7101 100% Argentine 6s B. 6 100% 100% 17 87l 87l .56 95 95 21 95 94% Australia 63 1955 Australia 58 1957 Bank of Chile 6% 4 974 97 Bank of Chile 6%s, 10 99% 99% Belgium 6S........ 25 100% 100 Belgium 6% 9 106% 106% Belgium 7s. 7 108% 108% Belgium 78 1956 9 106% 106 Belgium 7%4s. « 18 115% 115 Belgium 8, o 27 109% 109% Bolivia 7 4 93% 9 Bolivia 8s 8 103'¢ 102 Bordeaux 6s 2 100% 100% Brazil 6145 1926.... 30 96l 96 Brazil 6%s1927.... 21 96 96 3 100% 100% 12 109 108% 8 101% 101 1 100% 100% .13 105% 104% 1 1001 100 93K 93 93 9% Bremen State 7 Canada 6s 1931, Chile fs'61. Chile 78 1943. Chinese Gov Ry bs. 8 44% Colombia 6s Jan'61, 31 8% Copenhagen §s ct. 4 96% 964 Cuba 5%s. 8104 103 Czecho 8s 2 110% 109% Czecho 83 1952..... 5 110 110 Danish Munic8s A. 5 109% 109% Danish Munic 8s B. 4 1093 109 Denmark 4%s.. 15 89% 89% Denmark 6s. . .o 9 104% 104'% DEI5%sMch53.. 1 102% 102% Dutch East16s47., 1 103% 103% Dutch East 16s62.. 4 1031 103% Fiat 7s war '46. 7166 163 Fiat 7s x war ,46. 10 99% . 99% Finland 6%s. <15 90% 90% Finland s f 63°45... 95y Finland 7s.. Framerican T%s... 43% 89 German Ts Ger Am Bank 7s, Ger Gen Elec 7s. Greek 7s.. Haltli6n. v vsn Holland-Amer 6s Irish Free State ltaly 7s.... Italian Pub S 7s. Japanese 4s. Japanese 6%s. 98 9913 103 40 964 96% 23 9T 97 3 94% 94 . 3 92% 92y 40 101% 1014 Lyon 6 2 99% 99'% Marseille 6s 11 100 99% Mexico 4510 asnt.. 30 20% 20% Milan 6% s . 4 90% 90 Montevideo 7s. 2102 102 Netherlands 6s 54.. 19 100% 100 New So Wales57s.. 6 94% 94% Nord 6%s. 104 Norway Norway 5% Norway 6s 1 Norway 6s 1944 3 102% 102% Norway 6%s 1952.. 10 103' 108 Orient Dev 5%s'57. 13 83% 88% Paris-Ly-Med 6 4 100% 100% Paris-Ly-Med 7 12 104 103% Paris Orleans 5 Peru 6s 67 w1 Peru 6sctfs....... 1l Ba% Peru 7s. . 1102 102 Pirelli 7s ‘52 . 56 1461 115 Poland 65 40..... 3 82 82 Poland 7s (rets). 59 884 88 Poland 8s... 14 99 98% Queensland 6s. 3 104% 104% Queensland 7s. 1 111% 111% Rhinelbe Un 7 2 104% 104% RhineWst EP 68'52 13 92% 92'¢ RhineWst EP 6s'53 10 94% 93% RhineWst EP 78’50 3 101'% 101 Rio de Janeiro 6%s 20 94% 94% Rio de Jan 831946.. 5 106% 106% Rome 6%s 61 9% 9l% Sao Paulo 851938 1107 - 107 Sao Paulo 1950. 3107 107 Saxon (PW) 7 1 99% 99y% Semne 7s 42 4 1077 107% Serbs Cr Slav 7s... 55 80 9% Serbs Crot Slo 8 934 Shinyetsu 6%s 52 Ny . 983 96 88U Sweden 6s. . Swiss 5145 1946 Swiss Confed 8s. ‘Tokio 58..... 8 78 1% Tokio 5%81961.... 15 88% 88l Utd Kingm 5%s 37, 23 103% 103% Uruguay 8s. o 4 109% 109% Vienna 6s'5! . 34 8B4 BTM Yokohama 6swi... 7 954 .95 MISCELLANEOUS. Abram&Straus 5%# 15 115% 114% Alleghany cv 58 w 1225 106 105% AmAgriChem 7% Am Chain 6s'33 Am Int Cor 5%s Am NatGas 6%#'42 38 An Smit & R 1st 68, 10 *2 103% 103% 2 110% 110% Atlantic Refin 5s. Barnsdl 6s w o war. Bell Tel Pa 5s B. Bell Tel Pa 5sC. Bethlehm Stl pm 53 Beth Steel 5%s 63.. Bethlehent Steel 6s. Sklyn Edison b: Bush Term Bldg Certain-Td5%srcts Chile Copper 5s. Colon Oil 6s 38 Col Gas&E| deb 5s. Con Coal Md 1st 5s. ConGas N Y 5%s.. Consumers Pow 5s. Cuba Cane cv T Cuba Cane 8s. Cul DatroitEdison5s40. Dodge 6s. . . . Dugquesne 4%s 67.. 141 Fisk Rubber 8s. 1 Gen Cable 5%s5'47, 21 103% 76 1% 100 101% 102 100 114% 994 1023 141 100% 114% 99% Goodrich 6%s. Goodyear 5s rets. Humble O & R 5%s. Ilinois Bell 1st 6s.. Illinois Steel 4%s.. 4 Inland Stl 4%s°78. 25 Intl Cement 58 48. Intl Match §s 47 Int Mer Marine int Paper 53 47 Inter Paper 6s. Int Tel&Teleg 4% Int Tel&Tel 4345 cv 649 Kan City P & L 6 Kan G & E 6s562. Lackawanna Stl 5s Laclede 5s Laclede G 5%s Ligget&Myers5s51 Liggett & Myers 7s Loew's Inc 6s. Loew's 6s w 0 war. Lorillard 5 Lorillard 5% Lorillard (P) 78... Louisv G & K 68 52, ManatiSug st 7%s. KEBRuGeES e orwd ~cRampaanames as o 9914 4 102 87% 95% 80 106% 114% 100% 106% 110% 100% 101% 100% 1% 101 % 1004 Mont Pow bs 43. Mor's&Co 1st 4%s, Nat Dairy 5%s. Nat Radiator 6%s. NewEnglandTel b N Y Edison §%s, 'S 1o ® Nor States Pow Pacific Gas & El b 11 101 Pac T&T 58 52an0a 1 105! Close. 100% 100% 100t 96% 100% 100% 8712 109% 109 894 104% 102% 103% 103'% 166 99% 0% 104% 102% 103% 110% % 88% 103% 109% 8T 5% 114% 108% Sales. Pan-Amer Pete 6s.. Pan-Amer Pete 7s.. Paramount 6s 1947, 13 Pathe Exchange 7. People s Gas 5 Phila Co 53 67 w Phila&ReadC&]I 5: Philips Petro 6% 8.. 22 Pierce-Arrow 8s Por Ric Am Tob 6s. 362 Postal Tel & C5%s. 23 Pressd Steel Car 58 21 Public Service 4%4s. 16 Punta Alegre 7s. . RemingtonAr 6s 32, Rem Rnd 5%s war. Sinclair Ol 6s. . Sinclair Oil 6% s. Sinclair Oul 7s. . Sinclair Crude 5%s Sin Pipe Line §s Skelly Of] 53 South Bell Tel 5s... Southwest Bell 5s. . Stand Oil N J 55 46. Stand OIIN Y 41 SugarkstOrtente7s. Tenn Copper 6s°41. TennklecPow 6s 47 Transcontl Ol 6%s United Drug 53 53.. U S Rub 1strf 5s... U S Rub 7%s. U S Steel s f 5s. Utah Pow & L Utilities Powr 5 Walworth 6s *45 Walworth 614 Warner Sug 7s 41 West Elec bs. .. Westn Union 5s 51. Westn Unifon 6%s.. Westinghouse 5s. .. White Eagle O 5% 8 Wilson & Co 1st 6s. Yngstn S&T 5s wi. 1103 1 104% High. Low. 103 100% 81 % 199% 86y 100%% 947 99% 100% 96 9214 101t 108 99% 9612 911y 4 1025% 109 104% % 100 100% 100 RAILROAD. At&SF cvt 4s 05 Atchison adj 4s. Atchison gen 4s At & Birm 4s33.... Atlantic C L 1st 4s. B &0 Gold 4 B&Ocv4k%s. Bklyn Un El 55 '50. Bklyn Un El 55 sta. Baff R & Pitt 4%s.. Bush Term con 3s.. Can Nat 4%s 67.. Canad North 6%s. Canad North 7s. Canad Pac deb 4s Can Pac 4%s 46 Central Pacific 48 Cent Pac 1st 6= 90 CB&QIlldiv4s.. Chi&E 111 gn 6s 51.. ChiGt West 45 59.. Chi M&StP4%sE. 6 ChiMiISP&Pac5s?5. 90 CMSP&Pacadj5s03.227 Chi & NW gen 4s... CRIPac4%swi.. ChiTH&SES5s... Chi Urion Sta 5s 44. Chi& Winden 4s.. C&W15%S62..,. CCC&StL 4%s E 77 CCCa StLrfésA.. Clev Term bs. ConnRy&L4%s sta. Cuba' R R6S..0uvee Cuba R R 6s 1936 cf Cuba RRT7%S....0 Cuba Nor 5% s cts.. Del & Hud 5%s.. Del & Hud 7s 30 Den & R10 G cn 48.. D Rio G West 5: DRG & Wst 5s'78 Des M & Ft D ds. Erle 1st cons 4s. Erie Gen 4s. Erieconv 4s A. Ertecvt 58 67 w Fla Bast C 58 74 Fonda J&G 4%s'52. Ga & Ala 1st 55 '45. Grand Trunk is Gt Nor 4%s 76 D... Grt Northn 4%s E.. Great Nor gen 7s... Hud & Man aj 5 Hud & Man ref 6s.. 111 Cent ref 4s. 111 Cent 4s 52 111 Cent 48 53. 111 Cent 4 %s 6 11l Cent Chi . 111-C-C-StL&NO 5s. Int Rapid Tran 6s.. Int Rap Tr 5s stpd.. Int Kap Trans 7s... Int Gt Nor 58 1956., Int & G Nor 1st 6s.. Int RysCA 68 72... Int Ry C A 6%srct. Towa Cent rf 4s Iowa Cent 15t 58... Kan City F't S 4s. Kansas City S 5s. Kan City Term 4s.. Lake Shore 4831... LehighVal con 4%s Louis&Nash uni 4s. L & N 4%82003 Louls & Nash 7 Man Ry 1st 45 90... Man Ry 2d 4s 2013.. Market St 78 40.... Mil El Ry & L §s 61 Minn & StL ref 4s.. 4 Minn & StL cn 5s. Minn&StL fd 5s 62, M St P&SSM cn 4s.. M StP&SSM cn bs. . MStP&SSM5s38gtd. M StP & SSM 6%s.. 0 e L3P 3=1 9 DAl NN NEEA RS R GRS B Mo Pacific 55 G '78. Mont Trm ref 58 41. Nassau El14s51.... NRM 43 '57 asst.. NRwuSSnma NY C&StL 4%sC.. NYChi&StL b%sA.. NYC&StL6sA.. New Haven 3%s 54, New Haven 4555... NY NH&H db 4367, oo 9 © B e T L] N Y Rys6s65. N Y Rys 6s A 65. N Y State Ry 4%s.. NYStateRy 6%s 62. NY Sus&Wn gen 5s NYW&B4% Nor Pac 3s 2047, Northern Pacific 48 Northern Pacri Ore Short L rfs 4 Ore Wash 1st 4 Pennsyl con 4%s. Pennsyl gen 4148 Penna R R 4% S .00 14 Pa Ohio & Det 4%s. Pere Marq 1st 6 2 Philippine RR 48 1145 | P 100% 106% 110% 100% 101% 100% 101% 105% Port RL & P 58 42. Port RLP6s47... Port RL&P T4%s 46. Reading gen 424 A Rlo G West cl 4 RlArk& L 4% St L IM&S 4829, 19 StLIM&S R&G $8, 10 9014 1024 88% 104% 101% 90% 9614 9% 831 105 9% 98% 62% 13% 95 974 984 623 13% 94 106% 106% 975 9414 106% 123% 104% 69% 181 CONVERTIBLE BOND | Coxres romx_BONDS ok v Close. 103 104% 100% 9614 92% 101 108 100% 9714 92 102% 1 106% 80% 9914 K% Baltimore Markets ‘Special Dispatch to The Star. BALTIMORE, Md,, February 5—Po- tatoes, white, 100 pounds, 100a1.35; sweet, potatoes, barrel, 1.50a3.00; yams, barrel, 1.50a3.25; bushel, 100, 1.00a 1.75; beans, bushel, 2.50a5.50; Brussels sprouts, quart, 20a25; cabbage, hamper, 1.00a1.50; carrots, bushel, 1.50a1.75; celery, crate, 2.50a3.50; caulifiower, crate, 1.0022.00; eggplants, crate, 4.508 7.50; kale, barrel, 2.00a2.25; lettuce, hamper, 75a1.25; onions, 100 pounds, 3.00a5.50; oysterplants, 100, 6.00a10.00; parsnips, basket, 65a75; peas, bushel, 2.25a2.50; peppers, crate, 3.00a5.00; spinach, bushel, 60a75; tomatoes. crate, 1.00a2.50; tur basket, 50a60; ap- hel, 75a2.00; cranberries, half ples, R % | barrel, 9.00a10.00; grapefruit, box, 2.50a 3.75; tangerines, per half strap, 1.50a 2195' oranges, box, 2.50a4.00; straw- berries, quart, 25a37%2. Dairy Market. Poultry, alive—Young turkeys, pound, 33a40; old, 25a30; young chickens, 33a 38; small and poor, 20; old hens, 20a29; Leghorns, 20a27; capons, 32a38; old roosters, 17a18; ducks, 20a30; geese, 18a 26; guinea fowls, each, 40a80; pigeons, air, 30. Poultry, _\p'cung, pound, 30ad0; old, 25a30; chick- ens, young, 30a35; old and mixed, 25a 30; capons, 33a42; old roosters, 18a20; ducks, 25a30; geese, 20a26. Eggs—Receipts, 490 case native and nearby firsts, {ree cases, 38a38l2; cur- rent receipts, 32a362. Butter—Good to fanecy creamery, pound, 47a52; prints, 52a54; blocks, 5da 53; ladles, 34a38; store packed, 25 rolls, 25a28; dairy prints, 25a28; process butter, 41a42. Hay and Grain Prices. Wheat—No. 2 red Winter, garlicky, lipot, 1.3814; January delivery, 1.38'5. i Cormn-—No. 2 export, January delivery 1.077%; No. 2 yellow, domestic, spot, 1.12; cob_corn, 5.25a5. Oats—No. 2 white, 62262 No. 2 white, domestic, spot, 60a60 g 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 business passing to establish prices on the vari- ous kinds on merit at a range of 17.00a 19.00 per ton of timothy or clover hay. Straw—No. 1 wheat, 11.00a12.00 per ton; No. 1 oat, 12.00a13.00 per ton. CHICAGO LIVE STOCK MARKET CHICAGO, February 5 (#) (United States Department of Agriculture).— Hogs—Receipts, 48,000 head; market mostly 15a20 lower; all interests buy- ing; top, 9.90, paid for a few loads of 160-210 pounds. Butchers, medium to choice 250-300 pounds, 9.40a9.75; 200~ 250 pounds, 9.50a9.90; 160-200 pounds, 9.5029.90; * 130-160 pounds, 8.85a9.90. Packing sows, 8.7529.15. Pigs, medium to choice, 90-130 pounds, 7.7529.25. Cattle—receipts, 8,000 head; calves, receipts, 2,500; market dull; slow; un- satisfactory; steady to weak with Mon- day's extreme declin lower grades predominating; best steers around 13.25; bulk, 10.75a12.50; she stock and bulls lower; vealers, 50 off. \ Slaughter classes, steers, good and choice, 1,300-1,500 pounds, 12.00a15.00; 1,100-1,300 pounds, 12.25a15.00; 9850~ 1,100 pounds, 12.25a15.25; cémmon and medium, 850 pounds up, 9.00a12.50. Fed yearlings, good and choice, . 750-950 pounds, 12.25a15.25. Helfers, good and choice 850 pounds down, 11.00a13.50; common and medium, 8.00a11.00. Cows, good and choice, 8.50a10.50; common and medium, 7.25a8.50; low cutter and cutter, 600a7.25. Bull 8 and choice (beef), 9.75a11.25; cutter to medium, 8.00a10.00. Vealers (milk-fed), good and choice, 13.50a16.00; medium, 13.00213.50; cull and common, 9.00a 13.00. Stocker and feeder steers, good and choice (all weights), 10.50a11.75; common and medium, 8.00210.50. ket opening weak to 25 choice decks to outsiders, 17.10a17.35; packers talking, 16.75 down; sheep weak; choice ewes, 9.50a9.75; feeding lambs steady. Lambs, good and choice, 92 pounds down, 16.15a17.35; medium, 14.90a16.15; cull and common, 11.00a14.90; ewes, medium to choice, 150 pounds down, 7.7529.85; cull and common, 4.00a8.25; feeder lambs, good and choice, 14.50a 15.85. . SHORT-TERM SECURITIES. (Reported by J. & W. Beligman & C3.) id. Ofter. Allis-Chalmers Co. S5 1037..... 99! . Aluminum Co. of ‘Amer. 55 1952 10112 1024 & Tl Co, 451928, 9913 9012 9314 102'% 103% 9 1 12 Cudahy Packing Co. § Edison El. II. Boston 4 Gen. Mot. Accep. Corp. 6s General Pet. Corp. 55 1940. Goodyear T. & R. 55 1957.. Grand Trunk Ca) 65 193 Gulf Oil of Pa_ 5s 193 Humble_Oil 5'3s 1932 Mich. Central Rwy. 45 1929 Oregon_Short Line 4s 1920, Corp. 5!z 1937 1947 964 R. Co. 45 1920 993 55 1946 10213 45 1929 99 9913 9814 944: .\ 10212 1948, 100% 1os 193 135 1930, 99%. 1937 1023 - 1000 Southern Pac. R. Standard Oil N. Jersey b & So. R Western Electric Co. Wheeling Steel Corp. § TREASURY CERTIFICATES. Mty & - Sl & G s Mar. 15,1920 gin- 2 2 96 24-32 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (or par). day. 4.8665 Budapest. pengo. Prague, crown (nom. Warsaw, _zloty... . High. Low. Close. 5 100 100 86 StL IM&S gn 6831, StL&SFplasA.. StL&SFr4%sTs, aes © e aBarwalree~S~-3 Seaboard AL 4s sta. Seab A L Tef 45.... SeabAL adj 53 1949. Seab A L con 68.... SBAIIFla 6535 A, SB All Fla 65 35 B.. Sou Pac 43 29 Sou Pacific rei Sou Pac 4%s rets Sou Ry gen 4s Sou Ry Con 5s. Sou Ry 6%s SouRy Mo& O 4 Term Asso S L 4s., TexArk F'S 5148 50. Tex & Pac 58 B 1977 » Sworm ‘Tol Tr L&P 5%s 30. Ulstr&Del 5s'28 sta. Union Pac 1st 4s... Union Pac 1st rf 4s. Union Pacific 4s 68. Union Pac 4%s 67.. Virginid Ry 1st 6s, VaRy &P6s...... Va Southwn con §s. Whash 4%s 78 rets. ooBt P BeRECHmnHPae b Wabash 58 76 West Maryland Western Md 5% —t ‘West Shore 43 23| Whoel&LE rf 4% Wilks-B & E| 1st 68 10 WisCengndsddosa 5 84 dressed—Turkeys, | 0. domestic, spot, | DRIVE ON CALL MONEY LOANS YIELDS RESULTS Special Dispatch to The Star. NEW YORK, February 5.—The move- ment of the New York bankers to enlist the help of larger American corpora- tions to withdraw from the call money market and refrain from lending any of their surplus funds in this way on the ground that it will cripple business ultimately is reported to be gaining' ground. Six of the largest corporations, “the very aristocracy of American industry,” are reported by the National City Bank to have abstained consistently from lending money in the call market. These concerns are: ' TUnited States Steel, American Telephone & Tele- | graph, General Electric, General Motors, American Radiator and National Biscuit. “No doubt there are others.” says the bank, “but this list is a host in itself and sets an example of sound business policy considerate of the general in- terest.” The New York Stock Exchange yes- terday reported an increase of $295,: 000,000 in brokers’ loans for January, bringing the total to $6,735.000,000, a new all-time record, and $2,315,000,000 more than a year ago. Member banks still owe the Federal Reserve $400,000,000 in excess of a year ago, the largest amount at this time of year in eight years. (Copyright, 1920, by North Americaa News- paper Alliance.) TAPLINS WIN SUPPORT IN RAIL MERGER PLAN Special Dispatch to The Star. ¢ BALTIMORE, February 5.—The Busi- ! ness Protective Association, composed of { members living along the line of ihe | Western Maryland Railway in Mary- |land, Pennsylvania and West Virginia, i will support the Taplin interests in their | endeavor to secure control of the West- | |ern Maryland from the Baltimore & | Ohio, it is reported here. The associa- tion favors three trunk lines for Bal- ! timore. A. E. Peck, attorney for the Business Protective Association, said his organi- zation was in sympathy with the Taplin move to take over the Western Mary- land and was working on behalf of such a plan. He said the association would partici- pate on the side of the Pittsburgh & West. Virginia in all hearings on the application held by the Interstate Com- merce Commission. “We would fight the Pennsylvania as hard as we would the Baltimore & Ohio over the Western Maryland. We feel that it should be in control of an active competitive system.” Commenting on reports that the Bal- timore & Ohio would seek to take over the Pennsylvania & Reading Railroad and the Central of New Jersey, Mr.| Peck sald he thought such a move | would be beneficial to the railroads and | to Baltimore, as it would provide the Baltimore & Ohio with a direct com- peting line into New York. EARNINGS REPORTED. NEW YORK, February 5 (#).—Allis- | Chalmers Manufacturing Co., Milwau- kee producer of machinery, today re- ported net profit for 1928 of $2.933,909, against $2,605,019 in 1927 share, compared with $10.02 in 1927. The company on December 31 had unfilled orders totaling $9,681.214. Lima Locomotive Works, Lima, Ohio, ended the year with a deficit of $11,- 605, comparing with a 1927 loss of $191,341. Operations last year were at about 25 per cent of capacity. Joel S. | Coffin, chairman, stated in the report pment industry, after a long period of dullness, recently has shown signs of improvement. Net income of Public Service Co. of Northern Illinois increased to $5,853,- 453 from $5,186,013 in 1927. Godchaux Sugars, Incorporated, New Orleans, which has been using a new sugar cane introduced from Java, in the first six months of its fiscal year cleared $731,697, against $34,238 in the corre- sponding period of the previous year. The increase was attributed to the suc- cess obtained with the new cane. FINANC Gas. BATON ROUGE, La., February 5.— The Interstate Gas Co. has let contracts for 22 miles of additional pipe line from the North Louisiana gas fields to this | city to meet demands from the Stand- ard Oil plant here and from customers in New Orleans. Wheat. CHICAGO. — Wheat has assumed leadership in the speculative grain trade. Trading has been stimulated by have covered many fields in the wheat area and other unsatisfactory weather conditions. Wool. DENVER.—Some contract for wool of the 1929 clip has taken place, with prices named somewhat below the lev- els which obtained at this time last year. ¢ Clothing. OTTAWA.—Reports received here in- dicate retail sales of clothing in Can- ada is at the highest level ever reached, boots and shoes. BONDS OVERSUBSCRIBED. the reports of coatings of ice which) with an especially strong demand for | 1A bl | STOCKS OF YOUNG BEEF ' INCREASED IN VIRGINIA By the Associated Press. RICHMOND, Va., February 5.—Vire ginia farmers slightly increased their stocks of young beef animals and de- | creased to a small extent the number Iol steers last year, as compared with 1927, it is shown by figures compiled by Henry M. Taylor, Federal-State agricul= tural' statistician. There were 143,000 beef calves on Virginia farms on January 1, 1929, as | compared with 130.000 last year. Heifers increased to 80.000 from 73,000 reported | January 1, 1928; steers decreased frcm 114,000 to 112,000, and milk cows in- creased from 364,000 to 382,000. The | number of bulls was reported the same for both years, the figure being 14.000. Virginia farmers aircady established in the beef industry are faced with fa- vorable conditions for continued profits, it is reported. The price cycle is now said to be at the peak. In the past price levels similar to the present ones have been followed by in< creased production and reduced prices, it is 'stated. For this reason reports received by Mr. Taylor indicate that the present time is not favorable for new producers to enter the beef indus< try, while those already in the business | may profit by modgrate expansion dure | ing the next two or three years, even | though prices go somewhat lower. ‘The United States Department of Age riculture estimates that the number of beef cattle in the country is approxi= | mately 55,751,000, or 70,000 more than on January 1, 1928. BALTIMORE., February 5 (Special).— Subscripticn books for $10,500,000 Con- solidated Gas, Electric Light & Povrel gage 43 per cent bonds opened and closed simultaneously yesterday, the an- | nouncement being that the issue had| been oversubscribed. Approximately | one-third of the bonds was taken by 1tn’\'ctsmrs residing in the Baltimore dis- rict, MERGER REPORTED. NEW YORK, February 5 (#).—Adolf Gobel, Inc, Brookiyn, N. Y., meat packing concern, has acquired about 80 Decker & Sons, through an exchange of stock, it was announced today. The merger will insure Gobel of a supply of raw materials not produced in its own Eastern plants. Minority stockholders will be offered four Gobel shares for each share of Decker com- mon, the same basis as that of the Co. of Baltimore first refunding mort- | per cent of the common stock of Jacob | Mason City, Iowa, | Hawkins NASH Still “conveniently located on 14th street” and the same set slogan of “Satisfaction Plus” from smiling sales and service men. 1529 14th St. N.W. Decatur 3320 majority transfer. F. B. KEECH New York Stock Exchange Washington Stock Exchange Chicago Stock Exchange New York Curb DMarket New York Coffee and Sugar Exchange (Mezzani New York 52 Broadway Chi Private Baltimore Boston New Telephone Main 215-6-7 USRI SRR . DIVIDENDS. Find. Rate. abi n. riod. Rate. able. G & E 18t pt Series A........ Q$150 Do. pf 36 series. L e t. 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