Evening Star Newspaper, February 6, 1929, Page 10

FINANCIAL. DANK OF BETHESDA STOC N DENAND Gains Six Points on Local Ex- ' change—National Savings i in Sharp Advance. EY EDWARD C. STONE. Bank of Eethesda stock was in keen demand an th> Washington Stock Ex- chang» to. cpening at 76 and clos- ing at 77. a gain of 6 points over the last previous sale. During the session 99 shares sold in five transactions at %5 and the sale at %7 included 10 shares, Other bank s 8lso came to front. American Becurity & Trust opened at 4747 end closed at ‘Ten shares of Na- tional Savings & Trust niade their first appearance on the board in a long fime, registering 540, up nearly 20 points. Union Trust was out again today, sclling at 351. Potomac Electric Power 5!, per cent proferred figured in several sales at 109';, Railway & Electric preferred | #old at 99% and Capital Truct,ioni changed hands at 106’:. In the mis- cellaneous list Columbia Title Insurance Co. sold 2t 14, Chevy Chase Dairy pre- ferred at 106':, Columbia Sand & Gravel at 96 and Nationz! Mortgage & | Investment preferred at 5%. Merg-nthaler Linotype figured in a J00-share sale at 104! and other trans- | fors were made at 104 and 104%. | Bonds were quiet. Washington Gas 5t mmoved at 1017: and 102 and Barber & Ross 6725 at 95. A single share of De- partmental Bank stock sold at 6. ‘The market closed without a sale in Washington Gas stock. It was listed &t 103 bid and 110 asked, both quota- tions being far below the figures just before the annual meeting. Expect Further Tax Refunds. Several local bankers said today that | they expected ths Washington banks would get tax refunds further back than Jast year on taxes paid on gross income from dividends received from Liberty bonds and other tax-exempt Govern- ment securities as the result of the de- cision just handed down by the District Court of Appeals. “If the tax was ‘wrongfully collected last year, it always has been,” one banker said. “Since that is true,” he added, “the banks are entitled to a refund covering a period much further back than one year. The refunds should cover the full time that taxes on the gross income on tax-exempt Government bonds and other securities have been collected by the District.” Bankers today were still giving Frank 3. Hogan, counsel for the District Bank- brs’ Association and the Riggs Bank, full credit for the promptness with which the test case was presented and carried forward. Mr. Hogan has been counsel for the association for several rears. At the time the refund action was taken, Howard Moran was chair- man of the taxation committee of th: association and displayed keen in- 2rest in keeping member banks inform- ed as to the proper methods of pro- cedure. In filing their original pro- 2sts, the banks claimed that the fol- wing items were under the law “non- taxable”: ,_Interest on bonds, notes and certifi- cates of indebtedness issued by the United States Government, non-taxable As to principal and interest, with two exceptions. Ingemt on State, municipal and ‘county bonds issued by States and po- litical subdivisions of the United States. hlggldmdx on stock of Federal Reserve Interest of Federal farm loan bonds. Interest on bonds of the War Finance ration. Interest on United States Panama bonds. Interest on bonds issued by the gov- ernments of the territorial or insular possessions of the United States. . American automotive exports in 1928 Rotaled $522,097,974, an increase of QI’J.SDB.ZGD, or 29 per cent over 1927, cording to Commerce Department. Almost 10 flper cent of passenger cars produced and 26 per cent of the truck ‘output found ultimate destination in foreign markets during 1928. Average monthly export valuation during year YBI';7 $43,508,163, against $33,724,967 In 1 Frank J. Hogan. ‘The number of passenger car units shipped in 1928 was 368,328, with value of $263,574,394. Exports for January :unsmule & new high record the pre- fous high total being in 1927. C. C. Fixes B. & O. Hearing Date. Interstate Commerce Commission has assigned its anti-trust complaint Eglinst the Baltimore & Ohio Railroad cause of its ownership of Western Maryland stock for hearing February 25 before C. V. Burnside, assistant di- Fector of the Bureau of Finance. The commission’s complaint is based tivon Baltimore & Ohio purchase oll 144,789 shares of 7% cumulative pre- | ferred, 8,000 shares of 4% non-cumu- | lative convertible second preferred and | 159,050 shares of Western Maryland common stock. The Pittsburgh & West Virginia, which made application to the commis- ion to acquire control of the Western faryland by purchase of capital stock, has been authorized to intervene in the Bnti-trust citation proceeding. Bank Adds 490 Deposit Boxes. The Bank of Commerce & Savings has added 400 safe deposit boxes to that department, John M. Riordon, ex- ecutive vice president, announced. Two years ago, when his bank was completely Yenovated and enlarged. insufficient at- tention was paid to the safe deposit Yaults. The demand for boxes exceeded the supply until the bank established B waiting list. It is expected that the ew boxes will take care of all the nk’s needs for some time. Heard in Financial District. ; Julius I. Peyser, president of the Se- curity Savings & Commercial Bank, is epending a few days in New York and ‘Atlantic City. Harry E. Mayer, director in the Bank fof Commerce & Savings, is on an ex- tended trip abrcad which will include Visits to Algiers, Morocco, Gibraliar, Italy and Switzerland. J. A. W. Iglehart & Co. of Baltimore and Washington, announce that Jesse H. Peek, John B. Rich, C. Gerald Smith and Seward M. Smith, all of whom have been associated with the firm, have been admitted to general partnership. Textile exports from the United States gained 10 per cent to total $1,124,495,000 in 1928, against $1,021,357,000 in 1927, according to the Commerce Department, Chain Store Sales Reported. McCrory Stores January sales, $2,692,~ 397; increase, 10.9 per cent over like 1928 month. S. S. Kresge January sales, $9,018,- 932; increase, 4.1 per cent over cor- responding 1928 period. Sales of F. & W. Grand 5-10-25-Cent Stores for January totaled $1,095.765, peainst $800,394 in January, 1928, a &ain of 36 per cent. Discussions of common stocks from the investment standpoint by Waddill Catchings of New York, the moderniz- ing of State inheritance laws by Sur- rogate George A. Wingate of Brooklyn, N. Y.; an address on “What the Fed- eral Estate Tax Returns Reveal” by Joseph S. McCoy, United States Gov- ernment. actuary, Treasury, Washing- ton, and the record figures established by 1928 in the growth of trust service by PFrancis H. Sisson of New York, will ba leading subjects that will feature the tenth Midwinter trust conference | to be held in New- York February-13-15, \Onul!:_v‘a?,}we. BT > |Am Metals pf(6) 135 1 ! Open. High. Low. Close. Abitibl Power... 51% b5lls 49 49% Aoitibi Popf(6) 84 84 84 81 Abrahm&Straus 142% 142% 142% 142% Ab&Strauspf7. 110 110 110 110 Adams Exp(6).. 413 413 400 409 Adams Millis(2) 33% 33% 834 384 Adv Rumley.... 66 66 60% 63% Adv Rumley pf.. 67% 69 65% 66 Ahumada Lead.. 4% 4% 44 dls Alr Redetn (13). 110's 110% 108's 108% Ajax Rubber 10 9% 10 Alaska Junea 8% T Th Albany Papr(2 2315 231 23 33 32 32 102t 102% 102% 102% 291 292% 1221 122% 122% 1224 187 187 179 181 4% 4% 4% Allied Chem . Aliied Cm pf( Allis-Chalm(7) Allis-Chalm rt Amal Leather 10 10 10 Amerada(2).... ! 34 334 334 Am Agricul Chm 20% 20% 20% 20% Am AgriChpf.. 68% 6815 68 68 Am Bank N(13). 130 134% 130 130% Am Bk N pf(3).. 60% 61 60% 61 Am Beet Sugar. 19% 19% 19% 19% Am Bosch...... 43% 44 434 Am BrSh(j1.60) 59% 59% 56 Am Brown Bov. 2274 2114 AmBrownBopf 74 T4 73% Am Can (14).... 118% 1187 114% 116% AmCar&Fdy(6). 98% 99 984 99 Am Chainpf(7). 80 80 80 80 Am Chicle (2).. 56% 56% 55% Am Drug (60c). 10 10 10 Am EncauT(4). 92 92 91 Am Express(6). 290 295 200 290 Am & For Pow.. 99% 99% 95 997 Am&ForP pf(7) 106% 107 106% 107 Am&For P2d 7. 994 99% 991 993 Am Hide & Lpf. 32% 32% 30% 304 Am Home Pr(3) 82 82 80u 804 Amlce (12%)... 431 43% 41% 42% Am Internatl $2. 145 145% 140 143 Am Internat(n). 2% 2% 71% Tl% Am LaFr&Foam T T4 7 T Am LaFrancepf 66% 664 66% 66% Am Locomot(8). 1104 110% 109 110 Am Ma & Fy(4). 179% 179% 178 179% AmM&Fpfew 7. 115 115 115 115 Am Metals(3) 81% 81% T6% T8 133 133 95 92 94y 10 91 Am NatGaspf?7 95 Am P&L(11).. 110 110% 104% 107 AmP&Lpf sta5. 83 B3l 821y 83U AmPo&Lt pf(6); 101% 101% 101% 101% Am Radiator(5) 203'% 203% 199 199 Am Ry Ex(6)... 139% 141% 139 139 THE EVE . Low. Closs. W 4T 56% 10% 92% 67 89% 23 1% 88 T1% 28 23 92 90 115% 116% o 4w 162 ’Canlol Textlle. . Cont Baking A.. Cont Baking B.. Cont Bak pf(8). Contl Can (2%). Cont Insur(6)... Contl Mot (80¢). Cont Motors rts. Corn Prod 13%.. Coty, Inc (82)... Crex Carpet. Crown Zelrbek 1 Cruc:ble Sti(5). Crucible pf(7) CubaCaneSuga Cuba Cane Su Cuba Company Cuban Am S(1 Cuban Dom Sug. Cudahy Pkg(4) Cudahy (rts).... Curtiss Aero(1). 173 Davison Chem.. 66% Debenhms(2.91) 441z Del & Hud(9)... 203% Del L & W(17).. 132% Den RG Wnpf.. 693 Detroit EA(8)... 248 Devoe A (t3.20). 624 Diamond M (8). 159% Dome Mines(1)." 9% Drug Inci4).. 125 3% 9 4% 16% 23% 15% 5% 63% 1% 173 162 66% 644 44y 441 208% 200 2% 130 70 69 218 63 60 159% 1584 9% 9% 125% 122'% 3y 13 9 815 187 187 182 Th% 117% 117% 100 100 374 37% 193 189 75 % 37 36% 108t 108 166% 159% 14% 14% 621 59% 90%s 83 20 16% 11 T v 6% 158% 9% 1224% 73 813 188 117% 100 3% 189 3 36% 108 164 14% Dunhill Int ($4). Dunbill (rts) Dupont (new Du Pont deb(6 Dug Lt 1st(5). Durham Hos pf. Eastman(t8)... Eaton Axle (3) 31 Kitngon(23).. 37 Eitingn pf(6%). 108% Elec Auto L (4). 164 Electric Boat... 141 Eieclow&Lt(1). 60% Elec Stor B (5). 90 Em Brantgm(A) Emmerson B pf. Knd-John(5). ... Eng Pub S(m1). Ing Pu S pf(5). Equit Bldg(2).. Brie RR....... Iirie 1st pf. Erie 2d pt Eureka Vac (4). Exchange(1%). Am Republics... bi%s 54% 53% 53% Am Saf Raz\rs). 71 n 71 71 Am Seating(3).. 35 35% 34% 354 Am Ship&Com. 6% 6% 64 6% Am Sm&Ref(4). 121% 1224 117% 119% AmS&Rpf(7). 136 136 136 136 Am Snuff (12)... 2021 202% 202 202 Am Stl Fdys(3). 76 76% 72 5 Am Sugar...... 90% 91 89% 90% Am Sugar pf(7). 110 110 110 110 Am Sumatra(3). 55% b55% 55% 554 AmTel &Ca(5). 19% 19% 19% 19 Am Tel & Tel(9) 218 218 214% 217 Am Tobacco(8). 181% 181% 179 179 Am Tobac B(8). 182% 182% 180% 180% Am Tob pf(6)... 120 120 120 120 | Am TypeFo(8).. 149 149 147% 147% AmWWE&EI(el). 85 87 84 87 Am Woolen..... 25% 25% 25 25 Am Woolen pf.. 54k 5d% 54% 54% Am Writ Pactfs 13% 13% 13% 13% Am Writ Pa 6 pf 4213 43% 4215 43Y% Am Zinc 40 40% 39 39 Am Zine 105 105 105 105 Anaconda 130 130% 127% 128% b6% 564 54 55% 52 5213 50% 52 103 103 101% 101% 17% 1T% 16% 17 Armour I(B).. 9% 9% 8% 8% Armour Il pf(7) 84 84 84 84 Arnold Con&Co 35% 364 35% 354 AssoDryG(2%). 64% 64% 62% 63 Asso D G 1st(6). 101% 101% 101' 101% Asso DG 2d(7). 106 106 106 106 46 46 46 46 Archison(10). 204% 204% 200% 202 Atch T&SFerts 2% 2% 2 2 Atchison pf(5).. 103 103% 103 103% AtlCoast L(t10) 187 187 185% 185l AUGuif& WI.. 36 36 35% 36 At Gulf pf(3).. 47% 47% 4T% 474 e.. Archer Dan (4).. Armour IIl(A).. Felrbanks(3)... FedLight(h1.40) Federal M & Sm. 300 Fed Mot T(80¢). 21% Fidelity-Phoenx 104 104 Filine's (6%)... 95 95 First N P 1st(8) 105% 105% 105% 105% First NatS(1%). 68% 68% 67 677 Fisk Rubber.... 18 17% Fisk Rub 1st pf. 6T% 67% Fisk R 1st pfev. Bw T2 Fleischman t3% 6% 78% 76% Florsheim (A).. 51 51 51 Follansbee 123 . 66% 6674 65 Foundation Co.. 45% 48 45% Fox Film A(4).. 94% 95 931 Freeport T (4).. 5l% 51% 504 Fuller prpf(6). 104 105 103% Gabriel Snub A.. 33% 33% 314 Gardner Motor.. 20% 20% 19% Gen Am TC(34). 98 98 94k Gen Asphalt.... T2k 72% Til% Gen Asph pf(5). 112% 1121y 112l Gen Bakg pf(8). 140 140 139% Gen Cable...... 58% b58% 54 Gen Cable A(4). 116% 117 109 Gen Cable pf(7). 107 107 107 Gen Cigars(4).. 68% 0% 68% Gen Electric t6.. 252% 253 245 GenElec sp(fuc) 11' 11% 11% Gen G&EI A(12) 83 834 83 Gen Gas pf A(7) 115% 115% 115% Gen Mills (3) 86 B8% 864 GenMotors. 84% 85 8l% Gen Mot pf(7).. 125% 126 125% Gen Outdr Ad(4) 49% 49% 49% GenOutdrAd(2). 34% 34 33% Gen Ry Sig(5).. 105 106'% 102% Gen Refrac(s).. 81% 81% 81 Gillette S R(e5). 1227 123 120 Gimbel Bros.... 43% 43% 43% Gimbl Brpf(7).. S84% 84% 8i% 2 300 17% 674 T3% 504 105 31% 961y 2% 112% 139% Atlantic Ref(1). 57% b57% 556%. 57% AtlasPowder(4). 109 109 107 107 Atlas Pow pf(6). 105 105 105 105 Atlas Tack..... 12 12 12 AusCred(4.49).. 63 63 Austin-Nichols. . % T4 Auto Sales...... 2 23% 23% Auto Sales pf(3) 39% 39% 39% 39w Autostrap A(3). 48% 484 46% 46% Bald Loco pf(7). 117% 117% 117 117 Balto & O(6).... 127} 127% 124 126 Bang & Ar(3%). 68% 69% 67% 68% Glidden (11%).. 43% 43% 41% Gobel (Adolpn). 65 65% 61 Gold Dust (new) 77 77% 74% Goodrich(4).... TH 98% 95% Goodrich pf(7 115 115 115 Goodyear Tire.. 129% 120% 1275 Goodyr 1st pf(7) 102% 103% 102% Gotham H (2%). 7I% 71% 70% Gothm nv(2%) 1 1 70 Graham-Paig 49% 49% 47T% Grhm-Palgecfs. 45% 45% 45% Granby (6)..... 92% 93 91 Barker Bros(2). 32% 32% 32% 327 Barnet Leather.. 24% 24% 24% 247% Barnsdall A{2). 43% 43% 42 43 Barnsdall B (2). 41 41 41 41 Beacon Ol. . . 21% 21% 20% 20% Beecn-Nut (3) 94 94 931 934 Belg N Rpf(16). 821% 824 821% 821 Best & Co(3).... 88 88 87% &8 Bethlehm St1(4) 93% 93% 89 9Ny Beth Steel pf(7) 122 122 122 122 Bloomingdale. .. b51% 49 49 Bon Ami A(4). 85% 84'% 8l Booth Fisheries. 9% 9 9 Borden Milk(6). 198 199% 194 195 Boston & Maine. 103 103 103 103 Botany Mills ¢ 14% 14% 14 14 Briggs M{gFCe 55 85 62% b52% British Emp2d.. 9% 9% 9% 9y Brockwy Mot(4) 68% 68%m 67% 68 Bklyn-Man(4) 7 1% 76 6 BklynUnGas(5). 189% 1891 189% 18914 B:own Shoepf?7.119 119 119 119 Brunswick B(3) 51% 651% 50% b50% Brunswick Ter.. 42% ' 42% 40 40 Bucyrus(1)..... 41% 41% 39% 40% Bucyruscvi2l4) 49% 49 48 48 Burns BrosA(8) 117% 117% 117% 117% Burns Bros(B).. 34l 3412 33% 33% Burroughs (15). 244 244% 244% 244% Bush Term(gz). &5% 86 2% 83% Bush Ter de(7).. 108% 108% 108% 1084 ButteCop&Zing 9% 9% 9 9% Butte & Sup(2). 10% 10% 10% 10% Butterick Co. . 35 35 Byer & Co. Byers A M(rts).. 18% 13% 13% 13% By-Products(2). 124% 124% 119 120% 9% 9% TR TT% 8% 3% 3% 3 135 135% 129% 130 Cal & Hecla(4).. 58% 0584 56% bT4 Can Dry (14%). 84 84 80 B2% Can Pacific(10). 259% 259% 2563 255% Canon Mills 2.80. 45% 46 45% 46 Case Threshg(6) 465 465 465 465 Case Thr pf(7)., 128 128 128 128 Cavanah Dobbs.. 36% 37 36% 37 Celotex Co (3)... 76 77% 75 76% Cen Aguirre(2). 44 44 43% 43% Cent Alloy(2)... 49% 49% 48% 48% Century RibM.. 18% 18% 18 18 Cerro de Pas(5). 1144 114% 110% 110% Ches & Ohio(10) 219'% 220% 219 219 C& O Corpn(3).. 85% 16% 21% 64 21 59% 3T% 61 93 145 30 Calu & Ariz (6 17 15% 22% 65% 22% 6074 88% 62% 94 0% 145 145 Chi Mil & St P.. Chi Mil & StP pt Chi & Nwn (4).. Chi&Nwn pf(7). 145 Chicago Pn Tool, 30 30 30 ChiPTpf(3%).. 65 B5% 55 55 Chi RI&Pac(6).. 136% 137 133% 134% CRI&PDL(6). 102% 102% 102% 102% Chickasha(3)... 46% 46% 46% 46% Childs(2.40).... &6 56 b5% b55% ChileCop (3%).. 94% 95% 92 9215 Chrysler(3) 113 113% 109% 111% City Ice (3.60)... 61% 61} 61% 611 City Storesnew.. 25% 25% 25 254 City Stores(rts). 5% 5% 5% 5% Cluett-Peab(5). 65% 65'% 65% 664 Coca-Cola(6). 38% 138 135 136% Coea-Cola (A)... 49% 49% 49 49 Collins & Alkmn 56% 57 5314 b5 Col & Alk pf(7). 102% 103% 102'% 108% Col Fuel & Iron. 74a 74 70% 73 Col Gas & EI1(6). 1615 162 150% 151% Col Gas&El new., 6 215 61 61% Col G&E pfA(6) 107 107% 107% 1074 Columbia Graph 78% 78% 74% 76% Col Carbon t43%. 152% 1524 146 149 ComCred(1).... 53 63 52% 52% Com Credit(rts). 4 4% 3% 4w Com Cristpf 6% 102% 102% 102% 102% Com Crpf B(2). 26% 26l 26% 26% Com Inv Tr (4). 188% 189 186% 188% Com Inv (war).. 58 58 55% 66 Com In Trpf 6% 96% 96% 96% Com Solvnts(8). 240 240 235 235% (13). 122% 122% 119 120% (2).. 88 87 86 Congoleum-Nair 31% 31% 30% 31 1% Cong Cgrs (5).. 92% 88% 90% Conley Tinfoll. . 1 1% 1% 1% Consol Cgrs (7). 9315 94 93% 94 Con Film pf(2). 28% 28% 2T% 27% Comsol Gas (3).. 114% 115 112% 1125 ConsolGaspf(5). 99% 9913 99% 99% ConRRCubapfé 70 70 69 69% Container A1.20 20 20 20 20 U 9% Grand F&W (1). 8l% 82% 814 Grand Unon.... 25% 26 25 Grand Un pf(3). 52 52% 51 Grant W T (1).. 142 143 142 Grt North pf(5). 109% 109% 109% Gt Nor pfcfst5) 108 109 108 Gt NoOrefs2%. 35% 35% 34% Grt WnSug 2.80 394 39% 3s% 39 Greene Cana(6) 181% 184 1i7% 179% Guantanamo Su. & 5 5 5 Gulf Mo & Nor.. 54% b54% 54% 544 GuM&N pf(6). 103 103 103 103 Guif Stat Stl(4). 7T4% 744 T3% 73% Hahn Dept Stor.. 524 53 51% b5l% Hahn DS pf6%. 111% 111% 110% 110% HamiltonWpf (6) 10215 10216 1021 1023 Hanna MA (7).. 974 97% 97% 97% Har & Walkr(2) 55 55% 55 b5 HartmanA(z).. 26 26 26 26 Hartmn B(1.20). 32% 32% 32 32 eGeo(17). 111 111 111 111 Hershey Corp... 67% 67% 67% 61% Hershey pf(4).. 821 821 821 821 Hershey pr pf(6) 1042 104% 104l 1044 Holnd Fur(2%). 46% 47 Hollander & Son 19 Household(t4).. 75% Houston Oil..... 90% Howe Sound(4).. 75 Hud Man(23%).. 53% Hud Man pf(5).. 824 82 82% 8214 Hudson Mot(5). 884 88% 6 87 Hupp Mot(f2)... 78 78 76% 6% Tllinots Cen(7).. 143% 144 1434 141 IndO & Gas (2). 31% 31% 381 31 Indian Mot (1).. 25% 251 24% 24% Indian Refining. 35% 35% 33% 34 Indian Refgctfs 34 34 33 33y Indust Rayon... 130 132 130 130 Inland Stl (3%). 89 85% 8% Inspiration (3).. 52 50% bl InterboroRapTr. bl% 51 51% InterconRubber. VT Internat Agri. .. 16% 16 16 IntAgCh pf(7). 83w 834 8314 83y Intl Bus Ma (5). 162% 161% 161 162 IntCement(4).. 97% 97% 95% 95% Int Com Eng(2). 89 93% 88% 934 Int Harv (2%).. 109% 109% 107% 107% Int Harvpf(7).. 142 142 142 142 Int Mtch pf 3.20. 9% 93 Int Mer Marine. 5 5% Int Mer Mar p! 36% 364 Int Nickl of Can. 66l 63% 1nt Paper(2.40). i 7344 Int Pa&PoA2.40. 3318 33 Int Papr & Po B. 204 20 Int Papr & Po C. 15% 15 Int Pa&Po pf(7) 92 92 Int Prig Ink 2%. 61 60 IntRysCenAm. 54 54 54 54 Int Tel & Tel(6). 219% 219% 213 215% Interstate DS..: 34% 8414 81% 81% Intertype(f1%). 30% 30% 30 30 Island Creek(4). 556% 57 55 55 Jewel Tea (16).. 159 139 159 159 Johns-Manv(3).. 236 236 227 230 Jordan Motor... 13% 13% 13 13 Kan City South 92%4 1% Kan CSopf(4).. 68% 68l Kaufmn DS 1%. 36% 334 Kayser J(5).... 86k 83% Keith-Albee 40 39% Kelly-Spring.... 21% 20% Kelly Tire 8%pf 88% 883 Ki T5% T3% T4% b4l 53% bdle 92% 684 374 86 40 21% 88% 60 9% 684 s Ha! 60 B6% 18 19% 17% 163% 164% 160 56% 57 4 T 98% 18% 161% 54 984 Kinney (G R). Kinney pf(8) Kolster Radio. Kraft-Pho(1% Kraft pf (6%) Kresge (1.60) Kresge Dept S. Kreuger & Toll.. 40% 40% 40 40 Kroger Gro(el). 113 113% 112 112 Laclede Gas(10) 286% 236% 236 236 Lambert (17)... 139% 139% 136% 137% Lambert (rts)... 7% 7% 6% T4 Lee Tire & Rub. 22 2 21% Leh Por Cmt 3% 65 62% LehighVal(3%). 96% 96% Lehn & Fink(3). 66% 64% Life Sav(1.60).. 32% 32% Lig Myers(16).. 97h 95 Lig&Myrs B 16 96 94% Liquid Car t4% . 91% 88 Loew's (13)..... 76% 7% 75 76 Loew's pr(8%). 108% 108% 108% 108% Loft. 8% 8% 8% 8% 31 31 31 31 68% 68% 67% 67% -25% 26% 26% 9% 7 Long-Bell(A). Loose-W (1.60) JLonliesd Go. vus: :25% v ety . 19% | Louisfana O11... Louts GasA 1.75. Touls & Nash(7) Ludlum Stl ctfs. Ludlum S pt 6%. Mac And($2.85). Me Call Corp(4) McCrory B(2).. MclIntyre P(1).. McKeespt Tin Pl McKes&Ro 1.60. McKsn pf A 3% Mack Truck(6). Macy Co (c2)... Mad Sq Gar 1% . Magma Cop (4). Mallison & Co... Mandel(2% . Man Elee Suply. Man El m2g(d5) Man Shirt(2)... Maracaibo Oll. .. Market Street. .. Market St prior. Marlan Ofl...... Marmon Mot(4). Mathreson(6). .. May Dept S(4).. Maytag (12).... Maytag pfe3)... + Melville Sh 1.10. Mengel Co...... MetroG pf(1.89) Mexican Seab. .. Miami Cop (2).. Mid-Cont P(2).. Middle States. .. Mid States ctrs. . Midland pf(ti2) Miller Rubber. .. Minn & St Louls M St P&SSM pf. Mo Kan & Tex.. Mo K&Tex pf(7) Missouri Pacific. MoPacific pf(5). Mohwk Cur 2% Mont Ward 2%.. Moon Motor Mother L (40¢c). Motion F'ic Corp. Motor Meter A.. Motor Prodi2).. Motor Whi (2).. Mullins Mfg.. Munsingwr (3).. Murray Corp.... Nash Motors(6). Nat Acme (1)... Nat Bellas Hess. Natl Biscuit(17) Nat Cash Reg t4 Nat Dalry ($3). Nat Dept Stor Nat Distiller Nat Distiller: Nat Enamlg (1). Nat Lead:5) Nat Pow&Lt Nat Raduator. Nat Ry Mex 24 Nat Supply (18 Nat Surety (5). Nat Tea(4)..... 3 Nevada Cop (2). N Y Air Br(3)... N Y Central(8).. N Y C&StL(6). N Y CStL pf(6). N Y Dock N Y & Harlm(5) NYN NY NH&H pt(7) ¥ Ont& Wes'n vorfolk Sou 215. orf & Wn(Tlu) 2 TAD b10 %Stk North Am pf(3). No Germn Lloyd orth Pac(5)... Nor Pac cfs(5).. Norwalk Tir Nunnally Co 011 Well Supply. Omnibus. . OppenhmCol(4). Otis Steel...... Otis Stl pr pf(7) Owens Bot (c4). Pacific Coast. #acific Gas(2) Pac Oll Stubs... Pac Tel & Tel(7) Packard (13%3).. Pan-Am Petroim Pan-Amer Pet B Peerless Motor. . Penick & Ford Penn C&Coke. .. Penn Dixie Cmt. Pa Dix Ct pf(7). Penn RR(3%). . People’s Gas(8). Pere M prior(5). Pet Milk (1%).. Phila Co pf(3).. Phila & RC& 1. Phil Morris(1).. Phillips P (1%). Phoenix Hoslery Phoenix pf(7).. Pierce-Arrow. .. Plerce-Arrow pf Plerce Ofl...... Pierce Petrolm Pilsbury (1.60).. Pirelll of Italy Pitts Coal... Pitts Coal pf. Pitts Term Coal, PittsFtW pf(7). Pitts&WVa(6).. Por RICOTOA(7). PortoRicoTobB. Postal T&C pt 7. Postum13). . Prairie Oil&Gas Prairie Pipe L... Pressed Stl Car. Pr Stl Car pf(7). Produ & Refinrs. Public Serv 2.60. Pub Serv NJ rts. Pub S NJ pf(7). Pub SE&G pf(6) Pullman Co(4).. Punta Aleg Su Pure 011 (1) Purity Bak(3 Radlo Corp. . Radio (new).... RadioCo pf(3%) Radio-Keith(A). RS Cefs(4) Rels 15t pf(7)... Remingtn-Rand. Rem-Rd 2d(8) Reo Mot (11). Rey Tob B 163. Reynolds B new. Richtield O11(2), Rio Grande Oil. . Rossia Ins 16%. Royal Bak P(1). Royal D(a3.222). Rutland pf. Safeway (3).. St Jos Leaa13). StL & SanF'(18). StL&SanF pf(6) StL&Southwes! StL Swn pr(5).. Sa Schuite (J3% Seab Air Lin Seab Air L pf. Seagrave(e1.20). Sears-Roe(12%) Seneca Copper. . Shattuck FG(2). Shell Trad (rts). Shell Un(1.40). Shubert The(5). Stmmons Co(3). SimmsPet(1.60) Sinciair O1l. Skelly O11(2).. Sloss-Shef(6). .. Snider Packg Co Snider Pkg pt... So Por Rieo(2).. South Calif Ed.. South Dairfes A. South Dalries B. South Pac(6). South Ry(8) South Ry pf(5). Spang Chalfnt. . Splcer Mfg.. Splegel Co (3) Stand Com T(1). StAG&E (3%4). 8td Milling (6). 131 Std Milling(rts). 18 -Std 0of Cal(t3) 67% 14% 43% 153% 9% 100% 100 14% 40% 78 115% 21 9% 108% [ T G STAR, WASHINGTON, D. C, WEDNESDAY, FEBRUARY 6, 1929, NEW YORK STOCK EXCHANG Oven. High. Low. Close. 1 [ " | roosters, % Toosters, 22; geese, 23, | Received by Private Wire Direct to The Star Office Low 49% 40% 7 Qoen. 497% 4l High. Close StdONNJI(t1%). 50 5 StdO:INY (1.6 5td Plate Glass. Std San M(1.68). Stantey Co..... Stewart-War(6) Stromberg (3).. Studebaker (35) . Subniarine Boat. Sun Ol (g1).... Supertor O1l.... Superior Steel. . Symington...... | Telautogrph(1). Tenn Copper(1). Corpn(3). Tex Corp full pd TexasGulfSul(4) Texas & Pac(5). T&P C&O(b2%). Tex Ld Tr(new) Thatcher MfR... The Fair(2.40).. Thomp J R(3.60) Thompson(rts). Tidewater AsOIl TIAWASOIIpf(8) Tide W Oil pf(5) Timken Roll Tobac Prod (8) Tobac Prod A(7 Transcont Ofl. .. Transue & W(1) Trico Prod(214) TruaxTraer C. .. Twin City RapT Undwd-E1 F (4) Un Bag & Paper Union.Carb(6).. Un Ofl Cali2)... Union Oil (rts) Uaion Fac(10).. Un Facific pf(4) Unlon Tank(5).. Utd Biscuit 1.60. Utd Cigar St(1). Utd Cgr St pf(6) Utd Elec Coal. . 17td Fruit(15%) stirP(2). P 2d 1.20.. U S Distributing TS Hoffman(4). 517 40 139% 140 136% 6510 66 4 644 Leather... . Leathr A(4) Univ Pipe & Rad Uni Pipe pf(7).. Util P&L A(e2). Vadasco Sal Vanadium (14). Viek Chem(4). .. Victor Talkg(4). Victor pr pf(7).. Va-Caro Chem. . Va-CarCh 6%pf. Va-Car Ch pf(7) Wabash Wabash Waldorf(1%) Walworth(1.2 Ward Baking B. Warner Bros Pic Warner Bros pf. Warner-Quiz). . Warrn Bros (15) Warren F&Pipe, Web & Hell..... Webstr-Eislohr. Wesson Ofl (4) .. Wes O&Sno pfl. West DairyA(4) West Dairy B... West Maryland., West Md 2d of.. West Pacitic. ... West Pacific pt W U Teleg (8).. Westhse A B(2). Westinghse(4).. Weston Electric. Weston A(2).. White Eagle(2). White Mot(1)... White Rock (3). White Sew Mach Wilcox Oil & G.. Willys Ov e1.20. Wilson & Co.... Wilson Co pf A Wilson & Co p Woolworth (6 Worthn Pump. . Worth Pump(A) Wright Aero(2), Wrigey ((13%). Yale&Towne(4). Yellow Truck Young Spring. . 62% Youngstn Sh(b). 113% 113% 110% 1 Hourly Sales on N, Y. Market. 10:30 am.. 759.000 12m... 2,202,600 1:30 p.m. 319,7,200 2:15 p.m 3,849,606 Divldend rates as given in the above table are the annual cash payments based on the Dpayme: latest quarterly or half-yearly decl v Partly exira. t Plus 4% 1n stoc 9% 64 40% 60% 10% n lus 207, Blus "1/730" shiare ' quarterly Payable 1/10 share ouarte: rly in United Cigar Stores common stock. b Plus 112% in’ stock. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., February 6. Potatoes, white, 100 pounds, 1.00a1.3! sweet potatoes, barrel, 1.50a3.25; yams, barrel, 1.5023.50; bushel, 75a1.85; beans, bushel, 2.00a4.50; cabbage, hamper, 1.00a1.50; carrots, bushel, 1.50a1.75; celery, crate, 2.50a3.50; cauliflower, crate, 1.00a1.50; eggplants, crate, 4.00a kale, barrel, 3.00; lettuce, hamper, 6.0( , 175a1.25; onions, 100 pounds, 3.00a5.50; oyster plants, 100, 6.00a10.00; parsni] basket, 65a75; peas, bushel, 2.2582.5 peppers, crate, 3.00a5.00; spinach, bushel, 60a75; tomatoes, crate, 1.00a 2.50; turnips, basket, 50a60; apples, bushel, 75a2.00; cranberries, half barrel, 9.00a10.00; grapefruit, box, 2.50a3.75; tangerines, per half strap, 1.50a2.25; oranges, box, 2.50a4.00; strawberries, Qquart, 30a40. Dairy Market. Poultry, alive—Young turkeys, pound, 35a40; old, 25a32; young chickens, 3%a 38; small and poor, 20; old hens, 20a30; leghorns, 20a27; capons, 32a38; old 17a18; ducks, 20a30; geese, 18a26; guinea fowls, each, 40a80; pigeons, pair, 30. Poultry, dressed—Turkeys, _young, pound, 30a40; old, 25a32; chickens, young, 30a35; old and mixed, 25a30; capons, 33a42; old roosters, 18a20; ducks, 25a30; geese, 20a26. Eggs—Receipts, 2903 cases; native and nearby firsts, free cases, 37%a37'%; current receipts, 32a36%5. Butter—Good to fancy creamery, pound, 47a52; prints, 52a54; blocks, 51a 53; ladles, 34a38; store packed, 25; rolls, 25a28; dairy prints, 25a28; pro- cess butter, 41a42, Hay and Grain Prices. Wheat—No. 2 red Winter, garlicky, spot, 1.37%; February delivery, 1.37%. Corn—No. 2 export, February delivery, 1.06; No. 2 yellow, domestic, spot, 1.10; cob corn, 5.25a5.50. Oats—No. 62a62)2; No. 3 white, domestic, spot, 60a61. Rye—Nearby, 1.10a1.20. Hay—Receipts, none. While hay is arriving here in limited quantities only. it is more than mele 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 kind on merit at a 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 DAIRY MARKET. CHICAGO, February 6 (#).—Butter— Lower; receipts, 4,960 tubs; creamery extras, 49; standards, 48;; extra firsts, 47%a48; firsts, 46a47; seconds, 44ad5. Eggs—Higher; recelpts, 6,239 cases; extra firsts, 39a40; firsts, 3712a38; ordi- nary firsts, 32a35. Poultry—Alive, steady; receipts, 11 trucks, no cars; fowls, 28; !glnn. 33; turkeys, 25; ducks, 30; ’ Expected Federal 4 | but gave way in the later dealings. Spe- 2 white, domestic, spot, | te STOCKS IN RALLY AFTER SHARP DROP Reserve| Statement on Credit Situa- tion Causes Liquidation. BY GEORGE T. MUGHES. Special Dispatch to The Star. NEW YORK, February 6.—News that the Federal Reserve Board was to give out a statement on credit conditions after the close threw today's stock mar- ket into a sharp reaction. In the early hours of trading selling was heavy, and all classes of stocks lost anywhere from 2 to 5 more points. I“I the late afternoon, however, money jdropped to 6 per cent, and the list | rallied. On the recovery the copper stocks were prominent, notably Andes and An- aconda. United States Steel railied | with the rest. A few issues stood out against the trend, one of them Inter- national Combustion. General Motors led the automobile stocks in the late trading on revival of the report that Mr. Raskob was to return to his old position with the board. Money Situation. There was nothing in the immediate money situation to cause alarm. Today's renewal rate for call loans was 7 per cent unchanged, and the outlook was for a lower, rather than a higher, charge. For a time the copper stocks held out against the trend. Anaconda, which had unexpectedly gone on a $7 dividend | basis yesterday, obencd on a block of | 7,500 shares at 130, the previous high, | subsequently making a new high. Greene Cananea was up nearly 4 points in the first hour, while Kennecott sold fractionally within its best of record and Andes, Cerro de Pasco and others of the group were actively bought. Later on all these stocks came down from their highs, in sympathy with the reac- tion in the rest of the list. The outlook for the copper metal re- mains bright. The price is expected to go higher, and there are hopes for larger distributions to stockholders by several of the producing companies, but these considerations were of little avail in the situation that existed today. The Rock Island directors announced a $7 dividend basis for the common stock today against the $6 rate pre- viously paid. Rock Island was up a cou- ple of points on the news, but there was no corrésponding strength in the other railroad stocks. In this respect the market presented a striking con- trast to its action yesterday, when the Anaconda dividend was advanced. Baltimore & Ohio at 126 was off 5 points from its high of earlier in the week. New York Central, around 198, was down 6 points from its top of a few days ago. There was no real weakness in the rails, and the selling was doubtless more | for the purpose of protecting other com- | mitments than for any other reason. Steels Reactionary. Steel stocks were reactionary from the start. United States Steel, below 182, made a new low on the current de- cline. Bethlehem Steel resisted better, cialties, such as Johns-Manville, sold off sharply, this one stock being down from 6 to 7 points at one stage. The utilities were lower also. A feature of outstanding strength was United States Realty, respondin; the announcement that stock instead of bond financing was to be employed in the building construction industry. In the first hour the price ran up more than 10 points from the preceding close. U. S. GRAIN EXPORTS. Grain exports from the United States | | last week were 3,410,000 bushels, as com- pared with 3,260,000 bushels the previ- ous week. \ Commerce Department figures today gave the following comparisons between last week’s exports and those of the week before: Wheat, 975,000 bushels, against 260,000 bushels; rye, 5,000 against 26,000; oats, 34,000 against 52,- 000; corn, 2,018,000 bushels, against 2,- 541,000; barley, 378,000, against 381,000. through United States ports amounted to 2,720,000 bushels, against 3,513,000 bushels the week before, while last week's exports of North American wheat flour were 212,000 barrels, against 221,- 000 barrels the previous week. POTATO MARKET STEADY. CHICAGO, February 6 (#) (U. S. Department of Agriculture).—Potatoes —Receipts, 85 cars; on track, total U. 8. shipments, 1,025 cars; trad: fair; market steady; Wisconsin | sacked round whites, 80a1.00; fancy, 1.05; Minnesota and North Dakota sacked round whites, 80a90; sacked sand land Ohio’s, 95a1.05; Idaho sacked Russets, 1.50a1.70; few shade higher. Wall Street Briefs Average price of crude ofl in ten pro- ducing flelds decreased last week to $1.68 a barrel from $1.69 the pre- ceding week, Oil, Paint and Drug Re- porter says. the corresponding period last year the price was $1.47. Service station prices of gasoline drop- ped to 19.62 cents a gallon from 19.32 the preceding week. Last year it was 17.84 cents. American Maracaibo Co. announces it has completed, at 2,930 feet, an oil well flowing 3,000 barrels daily in the Hen- dricks pool, Winkler County, Tex. The mmmny plans further development of its holdings in Texas and Oklahoma and drilling on its extensive acreage in Venezuela. Federal Light & Traction Co. reports 1928 electric output of its subsidiaries, operating in Missouri, Arkansas and Rocky Mountain territory, was 208,- 341,094 kilowatt hours, against 173,620, 681 in 1927, American Braes Co., Boston, follow- ing increase in co&pex prices, has an- nounced another increase of % of a cent a pound on brass and copper products, including seamless tubes, nickel silver and copper wire. Scrap was advanced 14 of a cent. Record shipments of 600,000 tons of finished steel were made by the Re-) public Iron & Steel Co. last year from its Warren, Ohio, plants. Sale of a New York Curb Exchange seat for $175,000, equaling the previous record high price, was announced yes- rday. The buyer was not disclosed. Arrangement has been made for sale of another seat at $171,000. United States Steel Corporation has stepped up its ingot rmductlon to about 88 per cent of capacity, comparing with 86 to 87 per cent a week ago and 85 per cent two weeks ago. Independents are reported at 83 per cent, against| suxfily above 82 per cent the past two weeks, Interstate Department Stores report January sales totaling $1,410,12¢ against $058,659 in January, 1928. Jan- uary sales of F. & W. Grand Stores increased to $1,095,765 compared with | $800,394 the same month last year. U. S. TREASURY RECEIPTS. ! Treasury receipts February 4 we: $6,394,482.75; expenditures, = $11,905 122.47; balance, $131,413,455.36. Canadian grain exported last week ! SILVER QUOTATIONS. . NEW_YORK, Fel 6 (). —Bar allver, 56%; Mexican 4%, Lowest Rates of Interest and Commission | Thomas J. Fisher & Company, Inc. FINANCIAL. First Mortgage Loans ALLT LEHMAN'S TIRE SHOP 12th & K N.W. s Good Judgment —when an estate is to inexperienced hands, costly mistakes are apt to resuit. Name the Liberty National Bank to act in Money To Loan On 2nd and 3rd Trust and for Home Improvements Quick Action No Red Tape D. C. Property Only Apply Penn Improvement Co. Inc. 911 7th Street NW. 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