Evening Star Newspaper, February 8, 1929, Page 14

TRADING IS ACTIVE ON . €, EXCHANGE Mergenthaler and Traction Issues Leaders—Trade Conditions Compared. BY EDWARD C. STONE. In heavy trading on the Washington Stock Exchange today, the steady ac- cumulation in Mergenthaler Linotype was continued, while Washington Railway & Electric, Capital Traction and other shares were strongly in the limelight. Mergenthaler opened at 104% and then dropped to 104%. The day’s sales totaled 142 shares. Capital ‘Traction opened at 1067, and dropped to 106% where it closed after five transactions in- volving 100 shares. Railway & Electric ; preferred came out at 9955 and closed at 9915. The sales in this stock totaled 80 shares. Potomac Electric 6 per cent preferred | came out at 113}, and the 5! per cent issue moved at 109%. Ten ‘shares of Bank of Bethesda stock sold today at 78, & gain of a point over the recent new high. Park Savings Bank stock sold at exactly the same figure. Gas closed the week with 107 bid and 114/ asked. There is a generous amount of bond trading at recent levels. The. unlisted securities were called off and showed few changes in prices during the week. The exchange voted to follow the lead ' of the New York Stock Exchange and ) close tomorrow. Trade Conditions Compared. NEW YORK STOCK EXCHANGE Abitibi Power... 48 Aoitibt Po pf(8). Ab&Straus pf 7. Adams Exp(6).. Adams Millis(2) Adv Rumley.... Adv Rumley pf.. Ahumada Lead. Alr Redctn (13) Ajax Rubber. Alaska Junea. Albany Papr(2) Alleghany Corp. Alleghany A 5% Allis-Chalm(7). Amerada(2).... Am Agricul Chm Am Agri Ch pf.. Am Bank N(13). Am Beet Sugar. Am Bosch...... Am Br Sh(J1.60) Am Brown Bov. . Am Brown Bo pf Am Can (14). Am Can pf(7) AmCar&Fdy(6). Am Chicle (2) Am Drug (80c). Am Encau T(4). . | Am Expre Am & For Pow.. Am Hide & L pf. Am Home Pr(3) Am Internatl §2. Am Internat(n). Am LaFr&Foam Am Locomot(8). Am Ma & Fy(4). Am Metals(3). . Am Metals pf(6) Am Nat Gaspf 7 Am Plano pf Am P&L (1 AmP&LDf sta 5. Am Radiator(5) Am Ry Ex(6) Am Republics. .. Am Saf Raz\1o Am Seating(3).. Am Ship & Com. Am Shipbldg:8). Am Sm&Ref(4). Latest trade reports from the 12 Federal Am S & R pf(7), Open. Migh. Low. Close. 48% 45% 45% [ Cong Cgrs (5).. 85 85 85 85 |Conley Tinfoil.. 12 12 110 Consol Cgrs (7). 392 895 392 395 |Con Film pr(2).. 82 32 32 32 |CemsolGas(3).. 57% 59 55% 56 |ConsolGaspf(5). 61% 62 58% G681 |ConRRCuba pf é . Container A 1.20 7% | Cont Baking 23 23 23 |ContBaking 31% 31% 31 31 |Cont Bak pf( 101 102% 101 101% | Contl Can (2%). 285 286 279% 279% | Cont Insur(). .. 176% 177% 175% 177 | Contl Mot(80c).. 4 3% 3% | Cont Motors rts, 9% 9% 9% |Corn Prod 13%.. 3214 33 82 82 |Coty, Inc (82)... 19% 19% 19% 19% |Crex Carpet.... 67 67 63% 63% | Crown Zelrbck 1 127% 128% 125% 1251 | Cruc:ble Sti(s). 18% 18% 18 18 |CubaCaneSupf 40% 40% | Cuba Company.. 58 53 |Cuban Am 8(1). 21% 21% 20% 203 | Cudahy Pkg(4). 70 70 69 70 |CurtissAero(l). Cutir-Ham(3%) 974 9714 97 97 . | Cuyamel Fruit.. 53 53% 52 52 9% 9% 9% 9% | Davison Chem.. 8814 8814 88l 881 | Deere&Co pf(7) 290 290 290 290 30% 307 X 78% 803 78% 78% , Devoe&R 1st(7). 41k 41% 40 40% | Diamond M (8). 92 92 92 92 | Dome Mines(1). 139 139 69% 69% 68 68 [Dunhill Int (34). 6% 6% 6% 6% Dunbill (rts) 107 107% 106% 107 | DuplanSilk pf $ 175% 177 175% 177 |Dupont (new).. 75 8% 73% 175 |Dug Lt1st(5) 127% 1;2% 1274 1273 | Durham Hos pf. % 924 92% | gy man(18)... Baton Axle (3).. Biungon(2%).. Elec Auto L (4). Electrie Boat. .. ElecPow&Lt(1). EP&LpL 40%(7) Elec Stor B.(5). m BrantgmcA) Emmerson B pf. tind-John(5). Eng Pub 8(m1 43 102 83% 8315 83% 8314 191 188 190 140 . 141% 139 139 48% 50 48K 50 691 6915 69 69 34% 34w 34 34 6 6% 5% 5% 92 92 a1 114 116% 113% 114% 135 135 135 135 Reserve Banks indicate that business | Am Snuff (12)... 201% 203 201% 203 leaders are already looking forward to Spring and its attendant expansion. Trade in the New York area is at present irregular. the best in 15 months. merchants are looking for extra good Spring trade. Cleveland reports the most activity in the steel industry since the war. As already noted the Richmond Re- serve Bank reports seasonal trade in the fifth district, with cotton exports through ports in the district 30 per cent ahead of the same period last year. The Atlanta Reserve Bank re- ports larger retail frade in 1928 than the previous year. Chicago has just announced that wholesale trade is the actual sale of more motor cars than usual. St. Louis has had a falling off in building activity, but improvement in the demand for commercial loans. ‘The Minneapolis district is now look- ing ahead to Spring for business expan- slon, Kansas City notes a larger volume of general business, and San Francisco is experiencing larger trading on the seeurities market. Young Banker Lightning Adder. Henry A. O'Neill, employed in the Central branch of the American Se- curity & Trust Co,, .is to be the fastest adding machine operator among Washington bankers, either young or old. He was recently adjudged winner of the local contest conducted by the American Institute of 3 His best time was 2 minutes and 43 sec- the accurate listing of 150 h, Se- took separate contest for women Miss Anna V. Graininger, coln, won the blue a‘na Mrs. Gladys Scott, Riggs, the red ribbon, December Gas Report Filed. According to the December of the Wasl Gas Light Co. filed with the blic Utilities Com- mission, total o;enun‘ Tevenues were $49227297 and operating $363,898.39, ving an operating come for the deductions, of $91,414.69. all other expenses left a total net in- come of $39,066.97. As noted at the time of the annual meeting, total net income for the whole year was $658,768.89. Net operating income for the 12 months, after deduc- tion $3,772,862.84 operating expenses, amounted to $1,208,095.46. Georgetown Gas Income. ‘The Georgetown Gas Light Co. has Te] d to the Public Utilities Com- mi n & total net income in 1928 of $113,830.36. Operal revenues for the year reached $884,142.35. Operating ex- penses required $675,364.54, leaving aft- er all deduction an operating net of $152,729.43. ‘The December returns showed operat- ing revenues of $86,098.34, against ex- nses of $67,174.21, leaving an operat- ng income for the month of $11,264.57. The other usual deductions left a total net income amounting to $8,892.80, Institute Pushing Banquet. Invitations are out for the twenty- fifth annual banquet of Washington Chapter, American Institute of Bank- ing, which is to take place Saturday evening, February 23. This is one of main social events of the year in cial circles, the banking students inviting a host of their friends to join them in the festivities. James A. Soper, president of the chapter, will preside. Last year's at- tendance was around 700 and it is W to surpass that figure this year. Hunton Leith, a former president, is chairman of the committee. Frank M. Perley heads the program committee and Miss Mildred C. Woodcock is in of the decorations. It is now anticipated that there will be one main address, given by Frank M. Totten, president of the natidbnal organization. This will be the first time in six years that the institute head has been at the banquet. Heard in Financial District. James A. Soper, T. Hunfon Leith, L J. Roberts, Miss Lois A. White, Miss Mabel Royce, Miss Rose Royce and Miss Catherine Krieg are planning to attend the banquet of Baltimore Chapter, American Institute of Banking, at the new Lord Baltimore Hotel, on Saturday eyening. I L. Plerce Biddle, personnel officer of the American Security & Trust Co., is author of an article in the Burroughs Clearing House on the efficiency rating gnAm as applied to bank employes. shows that the system has proved & great help and encouragement, - clally to r{o\mnr clerks in getting the right start. Sales of Safeway Stores, Inc., for January totaled $12,889,399, against Am Stl Fdys(3). Am Sugar. Am Sumatra(3). Am Tel & Ca(5). New England notes | Am Tel & Tel(9) 210 a revival in trade until conditions are | Am Tobacco(8).. 177 Philadelphia | Am Tobac B(8).. 176 Am Tob p£(6)... Am TypeFo(8).. AmWW&EI(cl). AmWW1st pf(6) Am Woolen. Am Woolen pf. Am Writ Pa ctfs Am Writ Pa 6 pt Am Zine, Am Zine Anaconda ( Anchor Cap. Andes Copr 75e.. Armour Del pf 7. Armour 11l(A). . Armour 111(B).. Armour Il p£(7) Arnotd Con & Co Artloom(3)..... Art Metal(1%). AssoDryG(2%). Asso Oll(2). Archison(10) Atl Coast L(110) AU Gulf & WI.. Atl Gulf pt(3).. Atlantic Ref(1). AtlasPowder(4). Atlas Pow pf(6). Atlas Tack..... Austin-Nichols. . Auto Sales.... Auto Sales pf(3) Autostrap A(3). Baldwin Loe(7). Bulto & O(8).... Balto & O pf(4). Bang & Ar(3%). Barker Bros(2). Barker pf(8%). Barnet Leather.. Barnsdall A (2). report | Barnsdall B (2). Beacon Oll...... Beech-Nut (3).. Belding-Hemwy. Bast & Co(3).... Bethlehm Stl(4) Beth Steel pt(7) Bloomingd: Brockwy Mot(4) Bkiyn-Man(4).. Bklyn-Man pf (6 BklynUnGas(5). BrownShoe(2%) Burns BrosA (8) Brunswick B(3) Brunswick Ter.. Bucyrus(1)..... Bucyrusev(2%) Burns Bros(B).. BurnsBros pf(7) Bush Term(g2).. Butte Cop & Zine Butte & Sup(2). Byer & Co pf(7) By-Products(2). Calif Pack(4)... Callahan Zinc. .. Calu & Ariz (6). Cal& Hecla(4).. Can Dry (14%). Can Pacific(10). Canon Mtlls 2.80. Case Threshg(6) Case Thr pf(7).. Cavanah Dobbs., Celotex Co (3)... Cen Aguirre(2). Cent Alloy(2)... Century Rib M Cerro de Pas(5 Certain-teed Pro Certain-td pt(7). Certo (14).. Ches & Ohi C & O Corpn(3) Chi & Alton. Chi & Alton p Chi & East Iil Chi Great West. Chl Gt West pf Chl Mil & 8t P.. Chi Mil & StP pf Chi& Nwn (4).. Chi P T pt(3%4).. Chi,R1&Pac(8).. CRI&Ppf(6). Chi Yel Cab(3).. Chickasha(3)... Childs(2.40).... Chile Cop (3%) Chrysler(3).... City Ice (3.60).. City Ice pf(6%). City Stores new.. City Stores(rts). City StoA(3%).. Cluett-Peab(6). $6,903,237 in January, 1928, a gain of over 86 per cent. This is the company with which the Sanitary Grocery Co. of this city now has affiliations. ‘Western Maryland Report. BALTIMORE, February 8 (Special). -—E‘rmngl of the Western Maryland Rallway for January were smaller than in the corresponding month in 1928, an estimate just made public indicated. Earnings from traffic aggregated $1,- 495,792, a comparative decrease of $84,- 099, or 5 per cent. Loss in coal receipts was $63,534, or 8 per cent. Receipts from freight other ! than coal were $31,011, or 5 per cent less than in January, 1928, but revenuc om miscellaneous traffic was $19,274, 82 per cent greater, Coea-Cola (A).. Colilas & Alkmn Col Fuel & Iron. Col & Southn(3) Col Gas & El(5). Col Gas&El new. Col G&E pfA(S6). Columbia Graph Col Carbon t43 . Com Cred(1). Com Credit(rt: Com Cristpf 6% Com Cr pf(1%). Com Cr pf B(2). Com Inv Tr (4) Com Inv (war). Com Solvntn(8) Com Power13). Conde Nast(") Congoleum [ia Asso DG 2d(7) 102 106% 105 Atchison pf(5).. 103% 103% 103 Bild Loco pf(7). 117% 117% 1T 117 Bayuk 1st pf(7). 106 s 72 67% 674 87% 8% 36 864 | gry 8. <82 Erle 2d pt. 20% 20 20% 210% 208 208 Eureka Vac (4) 177 175% 175% | Peirbanks(3)... 177 173 11eme | Fed TA&Tr (3%) 120 120 Fod Mot T(80¢). 141 141y | Fidelfty-Phoenx 831 831 81 81 |Fifth Ave(6dc). 102i% 102 10214 1023 | Filine's (623). .. 24% 24% 241 24y | Fllene's pf(63). 52 521 b5l b1y | First NatSili). 1246 12% 1215 123 | Fisk Rubber. 43% 43% 43 43 |Fleisshman 3% 38 36 37 |Florsheim (A).. 103% 104 1024 103 | Follansbee 123 126 127% 124% 125y | Foundation Co. 55% B5% 53 53 |FOoxFilmA(4).. 504 B51% 50 5o |FreeportT (4).. on the increase and |ATcher Dan (4).. 97% 9815 96w 9gy | Fuller prpe(s). that the recent automobile show saw |Arch-Danpf(7). 114 114 114 114 93 93 98 93 16% 16% 16 Gabriel Snub A.. Gardner Motor.. 16% | Gen Am TC(34). 8% 8% 8% 84 |Gen Asphalt.... 83% 83% 83 83% | Gen Asph pf(5). 33 33 304 31% |Gen Bakg pf(3). 30 30 30 30 |GenCable...... 30% 30% 29% 29% | Gen CableA(4). 62. 62 59% 59% |Gen Cigars(4).. 105% | Gen Electrie 16.. 45 45% 45 45 | GenElec spisuc) 19815 199% 19714 198% | Gen GEEL A(12) 103 |Gen Gas pf A(7) 185% 186 185% | Gen Gas pt B(7) 354 35% 331 331 | Gen Mills (3) 46% 46% 46% 46% | GenMotors 55% 57 354 106 106 105 106 12 T4 7% 7 22% 28l 22% 293 | Gillette 8 R(el 38% 38% 38% 38% | Gimbel Bros. 46 47% 46 474 G!l:'d-bllrvf“ . o Glidden (11%).. 230% 2804 2304 2304 | Gyidden pe pe(T) Gobel (Adoiph). 7)o Gen Outdr Ad(4) 1284 124% 1214 122 94 7 Bambgr pf(61%). 109% 1 Goodyr 1st pf(7) Gotham H (2%). Gothm nv(2% Graham-P: . Grhm-Paige cts. Granby (6)..... Grand F&W (1). Grand pt(6%) Grand Unan.... Grand Un pf(3).. Grant W T (1).. Grt North pf(5). Gt Nor pf cta15) Gt NoOr efs 2%. Grt Wn Sug 2.80. Grt Wn Su pf(7) 24% 24% 24 24 40% 41% 40% 40% 42 42 42 4 106 104 104 204 20% 20 20 9% 91% 87 87 124 12% 12 12 87% 87w 85 85 89% §9% 86% 8% 122 122 122 122 4T 4T 46% 46% 84 B84% 83 83 1 49% | Guie Mo & Nor 4% | Gu M & N pe(s). Stl(4) ;fi* 2% | Guif Sta 1st(7).. Hack Wpf(1%). H 4% 5% 90 90 180 434 17 T s [Hactman A(z) ., ATA 47% 464 49y | Hartmn Bu.20). 31 33 30% HavEl Ry pt(6). 105 105 105 105 |dershey Corp... 79% 81% 71 77 |Hershey pf(4).. 108 108'5 108% 1081 | Hershey pr pf(6) 16 115 115 115 | Holnd Fur(2i). 8% 9 8 gy Homestake(17).. Household(14).. 10% 10% 104 10% 35 35 35 35 |HoustonOll.. 150 150% 140% 1403 | Home Sound(4) 12% 12% 11% 11y | Hud Manczi4).. Hudson Mot(5). 14 115% 114 115% | H 116% 117% 115 115 upp Mot (12) Hlinots C 6% 76% 8% 6% 3 3w 8- '3 |1ndO& G 1 Q@ Indian Mot (1).. 130 1ok 124 121% | Inaian Regni 78% 80 8% 249% 250% 245 245 4% 4% 4% a4y 454 454 445 445 128 128 128 128 n 38% 38% 387 InterboroRapTr. InterconRubber. A ;’;" 1% 13% 1 internat Agri... Intl Bus Ma (5). iT% 478 46% dew | ntl Bus Ma (s g% L3 Sete Int Com Engi2) 1085 1104 1073 108 | {1t Som Engsz) . 24 3L I e laorrary ()., 65 5 2 o o 8 luraenpna. Int Mer Marin 214 214% 211 212 ol 83% 83% 82w .82y | 0t Mer Marpr. 15% 14% Int Nickl of Can, 1nt Paper(2.40). % 124 | Int PakPoA2.40.. fo% Soy | Int Papr&PoB. 55 554 | IntPapr& PoC. 364 Int Pa&Po pf(7) BT Int Prig Ink 2%. Int Rys Cem A, i Int Ry CA pt(6). 46% 46% 46 55 55% b53% 9% 92% 9k 107 62 354 | ntertype(t1m). 17 | Island Creek(4). 107% 101% 102% | Jowsl Tea (16).. 62 61% 61% |Johne-Manv(3).. 104% 104% 104% 104% | Johns-Man pf(7) 244 20 23 28%| Jordan Motor. .. 4 % A% Kan City South. % %% o3 ook e 1311 132 131% 131 | KavEmn DY 48% 49 48% qsn, | (ATROFS(D) o oo b 224 | Keith-Al DECT). 18 416" 16 1s [ EOTRNE..o 146% 146% 143% 143y | Kolly Tice 8%t Kelvinator Corp. | Kenneeott (8)... 157% 1::% Kinney (GR)... Kresge Dept 8.. Kress SH(h1%) Kreuger & Toll. Kroger Gro(cl). Lago Of1, 22 16% 117% 1164 116% 85 85 84% BeY% 2% 20% 28% 23% 136% 13714 | Drug Inc(4).... 11 Open. High. Lew. Close. 8T% 88% 84 85 1% 1% 1% 2% 9k 9k 27 26% 27 110% 110% 108 109 99% 99% 994 99 Lambert (rts)... Lee Tire & Rub. . Leh Por Cmt 2% Lehigh PC pf(7) LehighVal(3%). Lehn & Fink(3).. Lig Myers(15).. Lig & Myrs B t5 Lig&Mpf(7). Lima Locomt Liquid Car t4% 9% | Loew's (13) 15% 62% 156% + 1124 118% 1095 110% | Cushmann pf(7) 121% « 141%5 1411 1411 141% [Cushmann pf(8) 116% 62 81% 62 124% 196 57% 116 167% 9 9 % 8 100% 180% 100 37 185 70 36% 1554 13% 58 133 87 46% 48 9% 19% 100% 125 9% 106% 65% 64% 6% 63% 49% 49% 104 ae T 111% 111% 111% 138 138 138 54% 5i% 51 106% 108% 104% 67% 68 6744 237% 2393% 232% 233 11 11% 1% 1‘1‘6 85 85 5 116% 116% 115% 108 107% 108 86 86 1 103% 103% 103% 6T 69 67 38 1. 108% 108% 107% 108 106 105% 33% 34% 32 374 38 37w 119 119 117% Greene Cana($) 173% 175% 130 51% 62 102 102 n n 107 107 107 107 27% 28 27% 28 49% 49% 48% 49% 109 109% 108% 109 1021 102% 102% 102% 964 96% 96 95 25% 25% 25% 26% 1% 31% 31 31% 60 60 60 60 67% 67% 67% 61% 102 70 4% 142% 142% 141% 141% 30% 31 30% 30% 24% 24% 82 32y 1(A). Loose-W(1.60) na Of Louts GasA 1.75. La Oll pf(6%). . Louts & Nash(7) Ludium Stl etfs. Ludlum S pf 6%. MacAndrw pf(6) Me Call Corp(4). McCrory A(2). McCrory B(2). McCrory pf(6) Melntyre P(1).. McKeespt Tin Pl McKes&Ro 1.60. McKsn pt A 3% Mack Truck(§). Macy Co (¢2) Mailison & Co. Manati Sugar Man Elec Suply. Man El m2g(d5) 1 | Man Shirt(2) Maracaibo Of| Marlan Oll.. Marlin-Roe 1. Marmon Mot (4 Martin-Parry Mathieson(6). May Dept S(4) Maytag (12) Maytag pf(3)... Maytag 1st pf(§ Melville Sh 1.10. Mengel Co....... MetroG pf( ) Mexican Seab. . Miami Cop (3) Mid-Cont P(2) Mtddle St: Mid States ctfs Midland pf(t12) Minn & St Louis. MStP&SSM 11(4) Mo Kan & Tex.. Mo K&Tex pf(7) Missourt Pacific. MoPacific pf(5). Mohwk Car 2%.. Mont Ward 2%.. Moon Motor.... Mother L (40¢c) 034 | Motor Whi (2. Mullins Mfg.... Munsingwr(3) Murray Corp.... Nash Motors(6). (7). Nat Bellas Hess. Natl Biscuit(17) Nat Bisc pf(7).. Nat Cash Reg 14 Nat Dairy (33).. Nat Dept Stores. Nat Distiliers... Nat Distillers pf Nat Enamlg (1). Nat Lead(5).... Nat Lead pfA(7) Nat Pow&Lt(1). Nat Radiator. .. Nat Ry Mex 2d.. Nat Supply (18). Nat Supply pt 7. Nat Tea(4)..... Nevada Cop (2). NO Tex&M (7). N N N N : Y Y Doel Y & Ha ) NYNH&Hart(4) NY NH&H pf(7) N Y Ont&West NY Stm 1st pt 0% 106% 1 Norfolk Sou 2% . Norf & Wa(110) NorAm blo% stk North Am pf(3). NorAm Ed pf(7) No Germa Liloyd 3 North Pac(§) Nor Pac cfsf Norwalk Tii Nunnally Co. 011 Well Supply. 4 0Oil Well 8 pt. Omnibus. . OppenhmCol (4).. Otis Elev (6).... Otis Elev p£(6).. Otis Steel....... Otis Stl pr pf(7) Outlet Co(4).,.. Owens Bot (¢4).. 4 pf. (3).. (rts) o Pac Lightg (3),. Pac Oli Stubs. .. Pac Tel & Tel(7) Packard (13%).. Pan-Am Petroim Pan-Amer Pet B, Panhandle, Paramount-¥-L. Park & T11(33).. Park Utah(80c). Pathe Ex.. . Pathe Ex(A).... Patino M(a3.89). Peerless Motor. . Penick & Ford. . P People’s Gas(8). Pere Marq (18).. Pere Marq pf(5). 31% 324 31% 31% . 126 126 126 126 127 127 127 84k B84% 80 8 49% 50% 49% 50% 49% Bl% 48% 484 1k 1% 10% 10% 16% . 15% 15% 16% 156% 156% 155 155 113% 1134 103% 100% 100% 92% - 89% 6% 5% 39% 36% 6l% 57% 3% 2% 32% 3% 20% 20 14 90% 58 53% ki g 3 B 55 3 136 136 136 136 211% 213 208% 208% 8% 76 6 29 29 55 54 150 150 150 150 213% 218% 205 208 120% 120% 120% 120% 12% 12% 12% 12% 89% 108 92% 884 884 68% 68% 324 3¢ 81 8L 37 31T 36K 114 17% 114 117% 206 19% 19% 88 88 88 8R 564 56% ° 54% -5t 16% 17% 16% 16% 1524 154% 53% % 58% 9 9 59% 61% 35 19% 19% 19% % 110% 110% 109% 109% 38% 39% 37T% 38 Pirelll of Italy Pitts Coal. Pitgs Coal pf Pitts Ter pt| Por RICOTOA (7). PortoRIcoTobB. Postum(3) Prairie Ol1&G: Prairie Pipe L. Pressed Stl Car. Produ & Refinr: Pub SE&G pf(6) Pullman Co(4).. Purity Bak(3). Radio Corp. Radio (new. P! Radio-Keith(A). RSCefs(4). ReadingRy (4 Reading 1st(2) Real Silk Hos. Real Silk pf(7) Reis(R)& Reéns & Sara Reo Mot (11) Repl&S(4) Reynolds B new. Richfleld O11(2). Rio Grande O1l. . Royal Bak P(1).. Royal D(a3.222). 105% 107% 105% 106% 8 27% 2Th 134% 7% 2T% 131 - D. €. FRIDAY. FEBRUARY 8. 1929 Received by Ope: Sears-Roe(32%) 159% Seneca Copper. . Shattuck FG(2). Shell Trad(rts). Shell Un(1.40).. Shubert The(5). Simmons Co(3). SimmsPet(1.60) Sinclair Ol .e.e Skelly O11(2). ... Snider Packg Co Snider Pkg pf... So Por Rico(2 South Calif Ed South Dairles SouRyM&O cfs 4 Spaulding pf(7) Spang Chalfnt Stand Com T(1). SKG&E (3%). StdG & Epfu4). 8td Milling (6 Std Milling(rts) . Std O of Cal(13) StdOIINJ (11%). StdO:INY (1.60). Std Plate Glass.. Std P Glass pf. . Std San M(1.68). Stantey Co...... Stewart-War(6) Stromberg (3).. Studebaker (15 Studebak pf(7). Submiarine Boat. Sun Oil (g1).... Sun O1l pt(6). Supertor Oil. . Superior Steel. . Sweet of Am(1). Symington...... Symington Cl A. Telautogrph(1). Tenn Coppert1). Tenn Cop (rts).. Texas Corpn(3) . Tex Corp full pd TexasGulfSuli4) Texas & Pac(5). T&P C&O(b2%) Tex Ld Trinew) The Fair(2.40).. TidewatrO(80c) Timken Roll B.. Tobac Prod (8). Private Wire Direct to The Star Office n. High. Low. Close. 161 157% 157% 64 6! 30% Tobac Prod A(7) 105 Transcont Oll... Transue & W(1) Trico Prod(2%) TruaxTraer C... Truscon S$t1 1.20. Twin City RapT Undwd-EI F (4) Udwd-EIl F pf(7) Un Bag & Paper. Union Carb(§) Un Ofl Cali2). Union Ol (rts).. 21 Union Pac(10) Un Facific pf(4) Union Tank(5).. Utd Biscuit 1.60, Utd Cigar St(1). Utd Cgr St pf(6) Utd Etec Coal... Utd Fruit(t6%). Utd Paperboard. US Cast Ir 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 Alcohol (6). U S Leather.... U S Leathr At4) S Lea pr pf(7) Realty(4).. Uni Pic 1at pf(8) Univ Pipe & Rad Utll PEL A(e2). Vadasco Sal Vanadium (14).. Vick Chem (4 Vigtor Talkg(4). Victor pr pf(7).. Va-Caro Chem. . Va-CarCh 6% pf. Va-Car Ch pf(7) VaEl& P pf(7). Vulcan Detin, Wi ClAS)... Ward Baking B.. Ward Bak pf(7). Warner Bros Pie v Bros pt. Warner-Qu(2).. Warrn Bros (15) Warren F&Pipe. Web & Heil..... Web&Hell pf(1) Webstr-Eislohr. Wesson O1l (4).. W Penn E1 A(7). W Penn El pf(8) W Penn El pf(7) West P Po pf(7) West DairyA(4) West Dairy B... West Maryland. Weast Pacific W U Teleg (3) Westhse A B(2). White Sew Mach Wilcox Ol1 & G.. Woolworth (6). . Worthn Pump. .. Worth Pump(A) Worth Pump(B) Wright Aero(2). Wrigey ((13%). Yale&Towne(4). Yellow Truck... Young Spring. 107% 107% 60% 57 i R 24% 24 27% 26% 1 684 16% 16 59% 60 57% B7% Youngstn Sh(5). 110% 110% 110% 110% He 10:30 am. . Sales on N. ¥. Market. 508,400 12 m... 1,602,800 1:30 p.m. 2,690,800 2:15 p.m 3,170,600 Dividend rates as the annu given 1n the above table ) al ¢ yments on g lerls O hait-yearly desiarations. rily S 3 Plis 4% in nit of tha red $10ck. S Flus 5% In o this y toc! wen oG Rys BE. & r:gonhv"&'n P 552 B CEEEEEEEHS 288, +eees ERUIR STOCK PRICES DROP INWAVE OF SELLING Buying Falls Off After Initial Sales—Market Tone Is Weak. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 8—Further sharp declines were recorded on the Stock Exchange today. There had been some improvement at the start, but it was not maintained, and as the day wore on prices began to sag. Money renewed at 6 per cent, was advanced first to 7, then to 3 and finally in the last_hour to 9 per cent, and then the market broke. For a time the copper stocks were well supported, but in the closing deal- ings they came down with the rest, as good stocks were sacrificed to protect impaired margins. The same could be said of the rails. They were not pressed for sale in such volume as the indus- trials, but they lost ground steadily. United States Steel, General Motors, General Electric, New York Central, Baltimore & Ohio, Anaconda and other standard issues broke into new low ground on the reaction in the last half hour. As the end drew near, volume in- creased. The advance in call money had something to do with the fright into which traders were thrown, but more impressive was the continuous de- clines as recorded on the tape. The fact that the market would be closed tomorrow was also influential in bring- ing about liquidation. Sentiment 2t the opening was much more optimistic than it had been at yesterday's close. The report from the floor before the gong rang today was that the buyers were in the majority and initial quotations showed that this information was correct. Johns-Manville and General Electric were up 2 points each at the start and both increased the gain later on. Beth- lehem Steel was in demand some 2 points higher and there was improve- ment in most of the coppers. Initial Gains Small. None of the initial gains was very large and there was nothing comparable to the decline of the day before. Open- ing transactions were in much smaller half hour was 503,400, against 1,328,600 shares yesterday. The fact that volume fell off on the rally was not considered a good sign. On the other hamd, judging from the extreme weakness at the close yester- day, any rally at all was regarded as encous 3 The market floundered around for an hour or two and then began to sag again. U. S. Steel below 174 was lower than at any time during the break. The heaviness in Steel was much commented upon. Johns-Manville, one of the so: speculative favorites, which at one time was up more than 6 points, canceled all the gain before noon and was selling at a net decline. General Electric came off from its ear- ilier top. Westinghouse in similar fash- lon reacted after the initial advance. A few stocks were able to make proFreas against the trend, but in gen- eral the Is stood aside until the situation should become clearer. Vana- dium was strong for a time, up 4 points at 116 and at a new high. So was International Combustion, ‘zhlch made a new top at 95. General Motors was interesting be- cause of the announcement after the preceding close that the stock had been placed on a $3 annual basis. It opened at 81, down over a point, and sold down further. As a rule motors were lower, with special pressure directed against Chrysler. Money Renews Unchanged. Money renewed at 6 per cent un- changed. The banks called loans and the tone was firm, with indications of a higher rate. Sentiment in the Street Discussion cision to close the exchange tomorrow. Although the official explanation was that the ravages of influenza in office staffs had made closing imperative, the coincidence of the action K with the break in the market was not overlooked. Commodity Notes Coal. operators are seeking a reduction 1n rates on coal shipped from Illinois points to Minnesota - and Wisconsin markets. Consumers of that territory have joined the operators in aeeun, a ;‘ealgjultmmt in hearings now being eld, Live Stock. SAN FRANCISCO. — President L. C. Ciation, sy 1 has.besh proved peome ion_says proved people ar~ willing to a fair price for beef. period of , when abnor- mally low prices prevailed and the in- dustry took losses. Pottery. EAST LIVERPOOL, Ohio.—Influx of Spring orders has resulted in the 8] ng up of all la: East Liverpool potteries to near capacity marks. Other Ohio potteries are reporting good busi- ness. —_— EARNINGS REPORTED. NEW YORK, February 8 (#).—Aided the largest profits in its history for tlg]mm quarter of ID‘ZI. the Air Reduc- ., producer of nitrogen, oxygen and other gases and chemicals, has re- ported a big increase in profits for the year over its 1927 earnings. The 1928 total was $3,208,993, equal to $4.60 a share on 696,793 no par shares, against $2,412,596, or $10.74 a share on 224,597 shares m 1927. The t three shares for one last ‘The record quarterly profits amounted to $1,378,896, compared with $924,931 in the third quarter and $823,039 in the last quarter of 1927. American Steel Foundries, Chicago, in its preliminary statement of 1928 , showed net profit of $3,256, 073, ivalent after preferred dividends to $3.01 a common share, against $4,- 076,094, or $3.84 a share in 1927, Net income of $14,932,560 against 411,576,395 in 1928 was disclosed in the statement of Pacific Tele- P Telegraph Co., equivalent after preferred dividends to $10.76 a common Akron, Ohlo, reported an incres 1928 earnings to $385,006, equal to $3.72 8 share, compared with 1927 profits of $304,006, or $2.93 a share. The Coca Cola Co., Atlanta, today reported increased net profits for 1928 totaling '$10,189,120, equivalent to $10.19 a share, compared with $9,163,155, or 5" proft of ‘E’m' litan Chain ef of e in Stores, mlor 1928 increased to $798,- 095, equal to $4.15 a share on 150,202 common shares, $4.01 & share on 136,670 shares, in 1927. From 40 to 45 new stores will be added this year to the chain, which at ths end of last year had 109 units, said E. W. Livingston, president. e & ey g, oo prot $81,453, ‘against $272911 the previous IT. year. An increase in net profit to $3,613,798 last year, compared with $2,921,637 in 1927, was reported by Consolidated Cigar Corporation. Scovill Manufacturing Co., Water- Conn., cfih:lM net 1928 profit of blocks and the turnover in the first | CHICAGO, February 8.—Illinois coal | Plan Capital n;duccinl. NEW YORK, February 8 (®.—Di- FINANCIAL? e e POTATO MARKET DULL. CHICAGO, February 8 (United States rectors of S. Stroock & Co., Inc., fabrics | Department of Agriculture) . —Potatoés— manufacturer, with a plant at New-|Receipts, 131 cars; on track, 249; total burgh, N. Y., have decided, subject to | United States shipments, 807 cars; trad- approval of stockholders at a special | ing rather slow; market dull; Wisconsin meeting February 25, to reduce its capi- [ sacked round whites, 80a1.00; few 75; tal $1,000,000 to $2,606,500. would be the basis of $10 a share. 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