Evening Star Newspaper, February 13, 1929, Page 12

A 12 'SPECULATIVE CURB " ISSUES FLUCTUATE I Trading Is Uncertain Pending {8 Definite Trend in Credit Situation. = BY WILLIAM F. HEFFERNAN, Spetial Dispatch to The Star. NEW YORK, February 13.—Although the emrly rallies were sharp, the sub- sequent movement of the main body of curb stocks today indicated that the speculative element was becoming in- creasingly nervous over the future move- sent of prices. The early upturn represented for the most part the cover- iug in of short contracts put out on the resent decline. Electric Bond & Share Securities sold off, following announcement of con- solidation plans whereby it is to enter into an agreement with the Electric Bond & Share Co. On a block of 4,500 ishares the price opened off almost 2 points and sold down heavily to 258, a Joss of almost 8 points, before support was encountered. Most others of the group opened higher, but failefl to re- tain all the improvement. Associated Gas & Electric managed to reach a new peak and United Gas & Improvement was up sharply at intervals. Aircraft issues were turned over actively, with Niles-Bement-Pond up 8 points before reaction set in. It was announced that stockholders of record February 18 are to receive two and one- eighth shares of United Aircraft & Transport common for each share of Niles-Bement-Pond common held. National Sugar of New Jersey failed to be favorably influenced by the plac- ing of the stock on & regular $2 annual dividend basis. Previous to the four-for-one split-up announced in November, the old stock had been paying at the rate of $7 an- nually. As a group the oils held their early gains better than most others. Mis- souri-Kansas Pipe went into new high ground, Standard of Indiana gained al- | most a point and Cities Service common reached & new top, up more than 5 points. . Goldman-Sachs Trading oil stock ! established another new top. Newmont Mining crossed the 200 level again for a gain of more than 3 points, but other mining stocks did little. Pittsburgh Screw & Bolt capital stock was admitted to trading and changed hands at 2515, COTTON PRICES FIRM IN EARLY TRADING Trade Buying and Covering Causes Steadiness in Near Months. By the Assoclated Press. NEW YORK, February 13.—The cot- ton market opened steady today at an advance of 5 points to a decline of 5 points. Near months were relatively firm on some trade buying and cover- ing. There was a little selling of later deliveries, probably promoted by the in~ different showing of Liverpool. Active months sold about 2 to, 3 points net lower right after the call, but there was considerable buying. After €asing off from 20.12 to 20.04, May rallied to 20.07. The generel market ‘was steady and within apoint or two of Monday’s closing quotations at the end cf the first half hour. Reports that fertilizer sales for the month of January were 23.6 per cent less than last year seemed to attract no special comment. Liverpool cables said there had been continental buying and trade calling in that market sup- plied by realizing. According to this re- port, demand for cloths from all outlets is limited, while stocks of cotton yarns are accumulating. . —— e WHEAT PRICE RECORD SCORED AT OPENING Adverse Weather Conditions in : Europe Cause Upturn at Chicago. By the Associated Press. CHICAGO, February 13.— Wheat Jumped today to new high price records for season, and there were sharp advances likewise in all other grain. Nearly unprecedented adverse weather conditions in Europe, together with con- tinued uncertainty about domestic Win- ter wheat prospects, brought about a big influx of buying orders that lifted values quickly. Opening % cent to 3% cents up, wheat afterward scored ad- ditional gains. Corn started at 7% cent to 1% cents advance, and subsequently continued upward. Provisions also were firmer. In connection with waves of buying which swept over the wheat market to- day, news came 1] unfavorable crop conditions prevailed not only in Europe and the United States but also in Asia, advices from India complaining of un- seasonable low temperatures and of in- sufficiency of rains. Meanwhile offer- ings of wheat future deliveries in Chi- cago were relatively scarce, and ap- \ “THE EVENING STAR, WASHINGTON, D. ¢, WEDNESDAY, FEBRUARY: 13, 1920’ J NEW YORK CURB MARKET Received by Private Wire NEW YORK, February 13.—Following is a list of stocks and bonds traded in on the New York Curb Market today: Sales in s 8 Amer Roll Mil 64 Am Roll Mill rts cash 4 Amer Sol & Chem. 3 Amer S&G p Pld 27 Amer Superp A 5 Amer Superp B. ... 10 6§ Amer. Super 1st pfd. 100'% 1Am Super 1st pfd 1ts 13° 0 Gas & El A.... 5% 50 G & E A deb its d Amer A n . 28 0 5 Asso_Rayon pf 19 Atl Fruit & Sug 4Atlas Imp D A. 6 Boeing A&T ... 8 Brit-Celanese Ltd 70 Bklyn City R R 9 Budd Mfg .. 6 Bullard Co . 73 Check Cab Mte . 3Club Alum Uten. 2 Cons Auto Mer i 43 Sonsol” Dairy P o : Flying Serv 2, Deere & Co.... 41Ds For R C.... 5 Douglass_Alrcrafi 6 Durant Motor 4 Fast States Pow B.. 52 * 133 El Bonddsh Sec Cof 363, r Sg1 01 18 Freshman Chas Co... 100 Gen _Bak e Bronz 148 Gen Elec Ltd Teg! Hart Parr.. 44 Havgart COD. 6 Safe-T-Stat .. ; 4Sec Gen Am Inv.. ). 30t Sec Gen Am Inv bid 116% 1 Seiberlin 4 55 § Troms Tax D L B8 A it rans Lux b 7 Triplex Saf Glass Ltd 28% 28 55 Trl Cont Corp. 3235 50 Tri Cont pfd.. 20 Uni Afrc & Trans. ni Alrc & 44 Uni Elec bond ris. Gas . it My 12 Wendon Cop . Salesin INDEPENDENT OIL STOCKS. hundreds. 5Am Con Oilfields... 47 Mo Kansas Pet . Pipe Line nt Prod 20 9% 2 834 Direct to The Star Ofice 1Nor Stat PM 6l4s '33103%% 10 Ohio Pow 4las D '56. 92V 9 3Pen O E 6 A 50 ww I ! ‘hermoid_6s niLt & Rall 5% oS o < caacd zz<ac 1 Westy_Chl 62 West Pow 5145 A ! 6 Wheel. Stl 425 B '53 Sales in FOREIGN BONDS. thoysands. 27 Antwerp City 5s 3 Baden 1Ts '51. 4 Buenos_Aires’ 713 1 Cauca Valley 7s’ "4 5 C B 115 89 1 26 2 Ger Cons Mun § Ger Cons Mun 63 4 11 Ger P & C 615 A 5 5Gu & W RR 65 A 3 1Hamburg E 5145 ' 1 Hanover State Gs 31 o 1Ind M BE Fin'd 7s 58i i 9 Stinnes H 18 wa 10 Uni St W 6lzs A 47 xd—Ex-dividend. wi—When issued. ew. Ww—With warrants. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., February 13.— Potatoes, white, 100 pounds, 1.00a1.35; sweet potatoes, barrel, 2.00a3.75; bushel, 75a1.85; yams, barrel, 2.00a4.00; beans, bushel, 2.00a4.50; cabbage, hamper, 75a 1.35; carrots, bushel, 1.50a1.75; celery, crate, 2.00a3.00; cucumbers, bushel, 7.0029.00; eggplants, crate, 4.00a6.00; kale, barrel, 1.75a2.00; lettuce; hamper, 1.25a2.00. Onions, 100 pounds, 3.50a5.50; oyster plants, 100, 6.00a10.00; peas, bushel, 2.00a2.25; squash, crate, 2.50a3.50; parsnips, basket, 75a85; spinach, bushel, 75a1.00; tomatoes, crate, 1.25a3.50; turnips, basket, 50a60; apples, bushel, 75a2.00; cranberries, half barrel, 9.00a 10.50; grapefruit, box, 2.50a3.50; or- anges, box, 2.00a4.00; tangerines, half stsrssps, 1.50a2.50; strawberries, quart, 45855, Hay and Grain Prices. Wheat—No. 2 red Winter, garlicky, spot, 1.3933; February delivery, 1.393 Col -No. 2 export, February delivery, 1.0334; no. 2 yellow, domestic, spot, 1.12; cob corn, 5.2525.50. Oats—No. 2 white, domestic, spot, No. 3 white, domestic, spot, 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. Dairy Market, Live poultry—Turkeys, pound, 37a43; old, 30a35; young chickens, 34a42; poor and thin, 20; old hens, 20a32; leghorns, 20a28; old roosters, 17a20; capons,.32a 40; ducks, 20a32; guinea fowls, each, 40a80; pigeons, pair, 30a35. Dressed poultry—Turkeys, pound, 35a 45; old, 25a35; young chickens, 30a35; old and mixed, 25a30; old roosters, 18a 20: capons, 33a42; ducks, 25a30. Eggs—Receipts, 602 cases; native and neaby firsts, free cases, dozen, 39a39;; current receipts, 33a37. Butter—Good to fancy creamery, pound, 47a52; prints, 52a54; blocks, 51a 53; store packed, 25; dairy prints, 25a 28; rolls, 25a28; processed butter, 41a42, Commodity Notes Lumber. NEW ORLEANS, February 13.—Or- ders at the mills of the Southern Pine Association increased 15.33 per cent in the last week to 56,171,460 feet. Ship- ments totaled 47,062,006 and produc- tion was 47,857,408 feet. Unfilled or- ders now amount to 195,905,856 feet. Fruit. RTLAND.—Primary markets of the Pacific Northwest report the longest period of apple export sales in the his- tory of the industry. All available vessel space is engaged to March. There has been a shortage in Europe and a small crop In Australia, Automobiles. CLEVELAND.—The Peerless Co. has been turning out motor cars at the rate of 1,250 or more a month. The company has added 67 new dealers and officials say prospects look very bright. Packing House Products. CHICAGO.—Prices of dressed beefl have fallen sharply in the last 10 days, owing to the amount which had to be absorbed. Prices of pork also have fallen for similar reason. Smoked meats are moving well. Steel. « | perfect the talkies. BY KENNETH S. VAN STRUM. NEW YORK, February 13.—While New York's legitimate theaters are try- ing to find out what has caused one of the poorest years the stage has had in years the big movie producers push ag- gressively ahead with their plans to Each week finds new talking movies on Broadway that are battering down the. arguments of those who several months ago said that sound pictures were only a fad. Not long ago producers were loath to take up talking movies, but recently as im- portant a man in the industry as Jesse L. Lasky of Paramount was responsible for a statement to the effect that such remarkable strides have been made by the talkies that within a year silent films will seem out of date. Struggle for Theaters. It was a stroke of luck that the large companies were well prepared when ‘Warner Brothers first put out a suc- | cesstul talking picture. Some years be- fore the larger producers had realized that control of a chain of theaters would give them an important outlet for their own films and at the same time put them in a favorable position to swap releases with other large pro- ducers and theater chain owners. No producer makes enough pictures to keep a theater supplied constantly. Several years ago some producers be- gan to expand into the chain theater field. It is estimated that in 1927 two hundred million dollars was spent for new theaters and on® hundred and sixty millions last year. In addition, pro- ducers began to buy up small chains until today all of the larger producers control many theaters. Lately the advent of the talking movie has made it even more desirable to con- trol large chains, because talking films are rented on a percentage basis, and a large theater owner can share in the profits of the “hits” he shows, whether or not he has produced them. At pres- ent only about 1,000 of the 16,000 the- aters in the country are equipped with the necessary apparfitus to present sound pictures, but of course the most important theaters are being equipped first. It will take several years to com- plete the job, and in the meantime pro- ducers are turning out their pictures in both sound and silent versions. Profit Possibilities. To the investor this new industry presents three profit possibilities—the patents covering the technical side, the actual production of pictures and the operation of theaters. It is difficult to estimate the invest- ment possibilities of the technical, pat- ent-holding concerns, for they have never fully explained their patent sit- uation. General Electric, Westinghouse and Western Electric control basic pat- ents, while Warner Bros., Fox, Radio and Victor all have interests because of their contributions. Since the salient aspects of the situation have never been clearly defined, it is impos- sible to guess the profit possibilities from this end of the business. From the standpoint of production Warner- Bros. and Fox have the jump on the other producers because they started first. The others are not far behind, however, and Paramount, Loew's and Pathe are now well estab- lished in the production of talkies. At this early stage a “hit” means large profits and, judging from the activity in all studios, this year should see many very profitable features releaszd. The large increase in the seating ca- pacity of all theaters during the past few years should benefit every pro- ducer. From the standpoint of exhibiting the pictures, Keith-Albee-Orpheum, Loew's and Shubert have been so long. in the business that they already had many valuable theaters and locations before the recent expansion began, and as a result many of their theaters were purchased at very much lower prices than the present market, During the past few years Fox and Paramount apparently have tried to outdo each other in establishing chalns of thea- ters. Fox now has about 200 theaters in metropolitan New York—the most profitable theater area in the world— and others in various parts of the country, particularly on the West Coast. Paramount is now operating about 370 theaters throughout the country, having recently completed a three-year expansion program, which was largely financed by the sale of common stock. Warner Bros. is mak- ing a strong bid for theater outlet, hav- ing recently purchased Stanley Co. of rica. A“‘1“ehe ramifications of the industry are so great that it is difficult to single out the possibilities of individual stocks. The chart showing the rise in stock prices since 1927 indicates clear- ly, however, that the industry as & whole is progressing rapidly. The in- dustry’s leaders say that the possi- bilities of t‘l!l:l? I;‘Bve b:r;lg’nrb:?ol touched, and that whereas they were running out of plots and felt generally at a standstill, the new tech- nique has opened an entirely new field. In the past amusement securities have been notoriously backward in ad- justing market values 10 earnings. While much is being said about recent stabilization in the industry, due to the entrance of large banking interests, it was demonstrated last week that the prices of the industry’s stocks still | move over a wide range. INDUSTRIAL ARTIST IS AID TO BUSINESS IS e Special Dispatch to The Star. | ENDOWMENTS REACH " . HUGESUMINU. S. Special Dispatch to The Star. NEW YORK, February 13.—More than $2,000,000,000 were given away for philanthropic and educational purposes in the United States during the year 1928, and the aggregate of permanent endowments in this country must be written in billions, A. H. Eller, vice president and trust officer, Wachovia Bank & Trust Co., Winston-Salem, N. C, told the tenth Midwinter Trust Conference being held here at the Hotel Commodore, under the auspices of the Trust Company Division, American Bankers’ Association. “Do we comprehend, can we visualize the magnitude and importance of the business of giving to humanitarian ob- jects?” Mr. Eller said. “During 1928 America gave away to educational, philanthropic, religious and charitable causes the stupendous sum of $2,330,- 600,000—a sum greater than the total gross income of any government on earth, save only the governments of Great Britain and the United States. “This vast stream of endowments is being augmented by a new and swelling tributary popularly known as bequest insurance. Congregations, colleges, civic societies and alumni associations are encouraging and adding to its mo- mentum. It has brought into accord and co-operation the active forces needed, the underwriters, the trust companies, the philanthropfc organizations and men and women who find bequest in- surance the means of coining their good impulses into legal tender. “The sum of permanent endowments is mounting, with the growing wealth of our country and the enlightened consciences of its citizens. Complete and accurate statistics are not available to tell the total sum of existing endow- ments, but the certain knowledge that less than half a dozen of our rich men have but recently set up endowments of more than a half billion dollars enables one to conclude that the endowments today, certainly of tomorrow, must be written in terms of 10 figures. Our colleges and universities alone, it is esti- mated, possess endowments in addition to their physical proportion in 4he ag- gregate sum of one billion dollars.” _ Company Expands. NEW YORK, Febryary 13 (P).— Pittsburgh Screw & Bolt Co. of Pitts- burgh has acquired the Graham Bolt & Nut Co.,, in which Jones & Laughlin ! | Steel Co. had a substantial interest, it NEW YORK, February 13.—The suit now in progress regarding the authentic- ity of a picture alleged to be a product of Leonardo da Vinci has a far wider usiness angle than the $500,000 for ghlch Sir Joseph Duveen is being sued and far wider than the value of the picture, no matter what it may bring. For it has a_bearish influence on the progress and knowledge of art in America. It is estimated that the vogue for colors, the demand for beauty of de- sign, and the trend of fashion in vari- ous products have combined to bring about a situation where art and knowl- edge of it means not millions but bil- lions in dollars and cents to Amer- ican producers and merchants. It is estimated by experts that no home is so humble that it may not contain objects of artistic value and of artistic beauty. One artist recently exhibited a series of these objects, ':;mt one of which st more than 10 cents. wConservauve estimates of the addition by art to the value of American manu- factured products place the figure at $30,000,000,000 a year. The manufac- tured product of this country in 1928 exceeded $65,000,000,000 in value, Of this sum about $35,000,000,000 was rep- resented by cost of raw materials, while the remaining sum was added to the value hy‘ i’lkeglll of manufacture and artistry of n. Specific examples of the additions which art has made to manufacture were placed on view today in an exhibi- tion at the Metropolitan Museum of Art. This was the eleventh exhibition of industrial art at the museum, but the first of its kind, Heretofore objects have been exhibited which took their inspiration from museum objects. In the present exhibit the objects have been made by 150 designers who have worked a year under the direction of a committee of America’s leading archi- tects. Everything was designed special- ly to make a comprehensive whole which would convince the public how far industrial art has gone in this country and how fascinating it has | become. PN POTATO MARKET WEAK. CHICAGO, February 13 (United States Department of Agriculture).- Potatoes—Receipts, 118 cars; on track, 268 cars; total United States shipments, 895 cars; trading low, market weak:; ‘Wisconsin sacked round whites, 75a90; Minnesota and North Dakota sacked Red River Ohios, 1,00 mostly; fancy, sr;n;l; higher; Idaho sacked Russets, 1.50 a1.80. ANEW WAY To Own a Home ITH the aid of a staff of over 1,700 skilled workers, you can build a new home and have all details handled by a single responsible organization, backed by a guarantee of perfect satisfaction. With as much as a 5% was learned today. WINCHESTER & WESTERN. WINCHESTER, Va., February 13 (Special) . —Reorganization of the Win- chester & Western Railroad Co., which has been in receivers’ hands for more than a year, has been undertaken by R. Gray Williams and Herbert S. Lar- rick, local attorneys, representing the bondholders. Holders of the bonds have been directed to deposit the same in exchange for certificates not later than February 15 with a local bank. The railroad was sold recently as a going concern to Williams and Lar- rick by order of the United Staies Court for the northern district of West Virginia. It is understood in financial and railroad circles that the road, ex- tending from here to Wardensville, W. Va., probably will be operated in the future as a section of the Balti- more & Ohio Rallr 3 GO LIGHT ON LAXATIVESI Everycne needs a laxative AT TIMES. But there’s no need for making it a HABIT. If you have the habit, you can be rid of it in thirty days. Or less! And this is how: The next time you go to take any strong cathartic—don’t. In- stead, take a little cascara. That's not a vicious drug, but the bark of a tree. The laxative made with cascara couldn't harm a child. it is, in fact, the one cathartic many ! physicians will approve for chil- | dren. Gentle as it is, cascarizing is just as thorough in cleansing the colon as the more powerful purges that actually sap a per- son’s strength. Proof that there’s no habit from cascara begins the very day after CASCARETS They Work While You Sleep! tracks its trains leave and enter Win- chester. A steadily increasing freight Tevenue is being recel ed from traffic in forest products and g'ess sand mines along the road, and it is expected other Industries will ship raw and fin- ished material as soon as the reor- ganization is effected. C}{ICEO DAIRY MARKET. CHICAGO, February 13 (#).—Butter —Higher: receipts, 16,821 tubs; ereamery extras, 49%; Standards, 49%; extra l‘lzfl‘ss.,l!‘/zlls; firsts, 46a47}3; seconds, ad515. Eggs—Higher: receipts, 16,305 cases; extra firsts, 40 : ts, 39a39l3; or- dinary firsts, 33a37. Poultry, alive—Firm; receipts, 10 trucks; = fowls, 2915; Springs, 33; roosters, 22; turkeys, 25; ducks, 30; geese, 23, «aking. Instead of being clogged worse than ever, the bowels are more inclined to move OF THEIR OWN ACCORD. You may have to take cascara several times to establish regularity. But the times you need this gentle stimu- .us grow further apart. And you ER find you must increase ‘he amount. Cascara’s ideal form is the 2andy Cascaret that pleases any late,, and you'll find them at the first drug store you ask. There are many reasons for the ease of steering the new Ford THE new Ford is exceptionally easy to steer because of the well- proportioned weight of the car, the steel-spoke wheels, the co- ordinated design of shock absorbers, the size and design of the steering wheel, and the simple mechanical construc- tion of the steering gear. ‘The Ford steering gear is of the worm and sector type used on high-priced cars and is three- quarter irreversible. In simple, non-technical lan- guage, this means that the car responds easily and quickly to the steering wheel, yet danger of the wheel being jerked from the Kands of the driver by ruts or bumps in the road. A light touch guides the car, yet you al- springs and together. The steering worm secy tor is forged and machined in the same piece with its shaft. The housing of the steering gear mechanism is made of three steel forgings, electrically welded together. This housing is then electrically welded to the steering column. Such a one-piece steel unit is naturally much sturdier than if several parts were used and bolted or riveted together. Throughout, the steering mech- there is no attention. anism of the new Ford is so simple in design and so carefully made that it requires practically no The only thing for you to do is to have the front steering spin- dles, spindle connecting rods, and drag link lubricated every 500 L 0 A N ways have that necessary feel-of- With the-road so essential to good MONTHLY : i PAYMENTS Strength of materials and care- ‘OU are assured of better archi- tecture, more comfort and greater durability. The most modern plumb- ing, heating and lighting fixtures are chosen by our experts to fit the home you choose. peared to be mostly from traders in 2 Position to realize profits. Rising prices for wheat today were in the face of word of continued huge shipments of wheat and flour to the various importing countries. Accord- ing to an authoritative estimate, Eu- rope alone has taken upward of 358, Salt Ck_Pr L o2ev 23% 7Texon Oil & Land:l 18% Sales STANDARD OIL ISSUES AND FOR- in units; MER SUBSIDIARIES—STOCKS. 1500 Anglo Am Ofl . 100A A O non vtc 100A A O vic C O 13800 Contl OIl .. 200 Hum| miles and the steering gear lubri- cated every 2000 miles. This is easy to do because of the high pressure grease gun lubricator fit- YOUNGSTOWN.—Steel operations in the Mahoning Valley continue this week at nearly full speed, with 47 of the 51 independent open hearths and 120 of the 125 independent sheet mills engaged. 576,000 bushels so far this season, com- pared with 334,688,000 bushels a year ago and 321,816,000 bushels two years back. Moreover, non-European coun- tries have taken 104,632,000 bushels against 53,888,000 bushels during the same period last season and 58,584,000 1008 O N 1100 Vacuum Sales in ol Cotton. FORT WORTH.—Early predictions on the West Texas cotton acreage indicate a 5 per cent increase for 1929. Some of the lower panhandle countles are still harvesting cotton. The price for last year's crop was uniformly profita- FULL information about this new build- ing method may be obtained by using the attached coupon. “-The Collingwood,” six rooms and ‘mont o= | ‘homes for details. LIKE RENT and 5 to 15:Years of wood. stuces or ‘book of ful workmanship give unusual sta- bility to the Ford steering gear and housing. tings provided for these parts. For this work, you will find it best to consult the Ford dealer. The steering worm, for in- stance, is splined to the steering worm shaft and is stronger, of course, than if a single key were used to hold the shaft and worm He has been specially trained and equipped to help you get the great. est possible use from your car over the longest period of time at the least trouble and expense. s the year previous. ble over Texas. SeNTon i Oysters and Clams. OLYMPIA, Wash.—There has been a shortage of oysters- and clams in ‘Western markets owing to the extreme cold weather which for a time made it almost impossible to get oysters from the beds to market without freezing. Directors Increased. TORONTO, Ontario, February 13 (#)—International Nickel Co. of Can- ada, Ltd., has increased the number of directors to 25, adding Lord Melchett, Sir Harry McGowan, J. P. Bickall, D. Owen Evans, Robert L. Mond, Henry Mond and Grant B. Shipley to the board, Charles Hayden, chairman of the board, announced today. Lord Melchett will be chairman of the advisory com- mittee and Lord Weir deputy chairman, mlg;l cz(elc}]:ttil ‘was l]neld of Mond - ic] ., Which recently was merged ShAhaara OfF . eriey"ss 1048 with Infernational Nickel, S8t. L., Ir. Mt. & So. Ry. 45 1929 9 8t. L., Sow'western Ry. 45 1932 88 : 81" 81 g1 = Swift & Co. 55 1932 FOREIGN EXCHANGE. Union OIl Co. of Caiif. (Quotations furnished by W. B. Hibbs & Co.) United Drug Co. 54 1953, Western Electric Co. 55’ 5 Nominal gold Selling checks valuo (or par).” today. sise0s’ 5480 o 3] ARED pF &7 A0 g1 SHORT-TERM SECURITIES. d Pl (R-ported by J. & W. Seligman & Co) Bid. Offer. Allis-Chalmers Co. 55 1937.. Aluminum Co. Amer. 5s 195; 65 '38 25748 142 ss0 Gas & El 5145 '77 121% 107 As Gas&El 4133 '48 ww 118 1'As Sim Hard 6155 P 5Asso Dye & Pr 116 Asso Gas L EI 47 s e 3555 Gen. Mot. Accep. Corp. . 89 B e T 2 Chi Pneu Tool 57as '42 100%: S ™ 1Cig Bis Rel 5'250f49A 993 3Cit Serv_ 55 '66. . 89% 3 97% 2 96 9! FORD MOTOR COMPANY s . Com Inv' 528 of 49.. 105% 105 ., 5510 96" 9 Con G Balt 335 E '53 1053, Sinclair Crude Of! 5%s 1938.. Cons G Balt 65 A '49 105 = 105 R, 4s_1929 s 41 ... 931 oD Authorized Ford Dealers Northeast Motor Co. 920 Bladensburg Rd. N.E. Northwest Motor Co. 6720 Wisc. Ave., Bethesda Parkway Motor Co. - 1065 Wisc. Ave. N.W. Sears, Roebuck and Co. G 706 Tenth St. N.W., Washington, D. C., Phone Main 9637 This coupon entitles you to our FRER book of Homes [ Summer Cottages s Garages C1. No Dbuigationt "o as 0212 Wheeling Steel Corp. 5%s 1948 100’2 TREASURY CERTIFICATES. W. Seligmas 'BT{I‘:?\H'?{!. Jz’ - Bid. Donohoe Motor Co. 215 Pa. Ave. S.E. Handley Motor Co. 3730 Georgia Ave. N.W. Hill & Tibbitts 301 Fourteenth Street N.W. Steuart Motor Co. 141 12th St. N.E. Triazzle Motor Co. N. Y. Ave. & IL Cap. St. The Washington Motor Co. - 633 Mass. Ave. N.W, i London, pound Paris, fran Brussels, bel o seaifssiessusasisss: ST 11, 9 213 9 12" Oslo, crown, 4 . b YA B 92 55C 3. 1001 100% 1005 Stockholm, crow 5 Nor Ind PS 9 . 185, 96 22 96 28-32 15, 9622-32 9528-33 Btar, 2,13,29,