Evening Star Newspaper, February 14, 1929, Page 14

‘THE EVENING STAR, WASHINGT PRICES HOLD FIRM O D.C. EXCHANGE ... [’.ergenthaler Leads Trading in Volume — Convention COmmittee A,n,nointed. Y EDWARD C. STONE. Yeader on , change today were maintained. Wa The issue sold in 100, 50, 20, 10 and 5 share lots, closing at 104! Capital Traction | M moved to the ex- j{ tont o 40 shares at 106%, Potomac Electric Power per cent preferred was quoted ex-divi- dend, five shares selling at 112 while 15 shares of the 5! per cent prererrod sold at 108. Ten res of ingion Rallway & Electric preferred moved at 993, :der:ml-American National was the only bank stock out, 15 sharss selling at 34315. Federal- Americar: Co. common camc ‘out at 541 and closed at 54%;. One hundred shan\s of National Mortgage & Investment preferred sold at 53, Bonds were strong, $1000 Capital elling at 101'4: $1,000 Po- ric first 5s at 993}, and three George 0. Vass. s in Washington Gas 6s, series | A, at 105 and better. A $1,000 Gas B bond sold at 106!; and the same de- nomination Ra y & Electric 4s at 8915, The market closed with Gas 5s sel, hn" al 102. Tt ows a wide spread tock, 110 being sked, and no sales. n pla announced i strong, 123 again no sales I being reco Convention Committee Appointed. { C. H. Pope, chairman of the general convention commitiee of the District Bankers' Association, has appointed the {complete membership for the big June gath(‘rmg at Montauk Point, Long sland. George O. Vass, vice president of the Rigzs National Bank and chair- \man of the associadon’s publicity com- mittee, has been made vice chairman. ‘The following 84 bank exe.utives are on the convention committee: Corcoran Thom, Charles J. Bell, How- &rd Moran, American Security & Trust Co.; Maurice Otterback, W. L. Koontz, Anacestia Bank; Raymond L. Schreiner, Joseph H. Nicholson, Bank of Bright- ,Wood; Maurice D. Rosenberg, John M. Riordan, Bank of Commerce and Sav- Frederic E. Farrington, Joseph A. .Burksrt Chevy Chase Savings Bank; Frank J. Stryker, Arthur N. Mltch“ll Columbia National Bank. R. Golden Donaldson, Laurence A. Sla}lghwr, James H. Baden, Commer- cial National; Wade H. Cooper, Na- than B. Scott, 2d, Continental Trust Co.; Eugene E. Thompson, Thomas ‘W. Brahany, Crane, Parris & Co.; J. T. Exnicios, Raymond B. Dickey, Departmental Bank; Robert .N. Har- per, John F. Maury, District Na- tional; John C. Yost, Charles A. Mc- East Washington Savings John Poole, W. T. Galliher, Erskine Gordon, Federal-American National; John B. Cochran, Thomas P. Hick- man, Franklin National; W. B. Hibbs, W. W. Spaid, K. W. Corby, W. B. Hibbs & Co.; John R. Waller, Austin C. ‘Waller, International Bank; Fer- mando Cuniberti, International Ex- change Bank; George O. Walson, Ed- ward J. McQuade, Liberty National. Other Committes Members. \ Floyd E. Davis, Albert S. Gatley, Lincoln National; Lanier P. McLach- len, Archibald McLachlen, McLachlen Banking Corporation; Peter A. Drury, Luther E. Schreiner, Merchants’ Bank & Trust Co.; Bertram Chesterman, Morris Plan Bank; Claude H. Wood- ‘ward, Robert T. Highfield, Mount Ver- non Savings; C. D. Ratcliffe, Munsey Trust Co.; George L. Starkey, J. Frank White, National Bank of Wash- ington; Henry H. McKee, H. C. Stew- art, National Capital. George W. White, C. F. Jacobsen, Na- fional Metropolitan; Frank Stetson, Bruce Baird, National Savings & Trust Co.; L. P. Steuart, W. Reginald Lewis, Northeast Savings; Theodore Michael, George Clagett, North Capitol Savings; ‘George E. Walker, Robert S. Stunz, Park Savings; Henry W. Offutt, B. Agee Potomac Savings; Robert ¥Fleming, C. C. Glover, , Riggs Na- tional; Victor B. Deyber, Samuel J. Prescott, Fred W. MacKenzie, Second Naticnal; Julius I. Peyser, Francis G. Addison, jr., Security Savings & Com- mercial; August H. Plugge, John R. ‘Wright, Se\nnth Street Savings; Ed- ward J. Stellwagen, Edson B. Olds, Union Trust Co.; William R. de Lash- mutt, Wilbur H. Zepp, United States Savings; John B. Larner, John Joy Edson, Harry G. Meem, Washington Loan & Trust Co.; Ezra Gould, Thomas J. Groom, Washington Mechanics Sav- ings; Thomas E. Jarrell, John D. Leo- nard, Washington Savings. Dankers at Trust Conference. Several Washington bankers are at- tending the trust conference under the guidance of the American Bankers' As- sociation, which opened in New York to- day for a three-day session. Among those attending are David N. Houston, trust officer, American Security & Trust Co.; C. H. Pope, vice president of the Mun- sey Trust Co.; Lanier P. McLachlen, | president of the McLachlen Banking | Corporation, and_ Charles H. Doing, manager of the Washington Loan & ‘Trust Co.’s Seventeenth street branch. Joseph S. McCoy of the Treasury De- partment is among the speakers. Brokers Raise Minimum Charges. Some of the local brokerage houses have raised the minimum charges on all security transactions, Brokers state they have found that the execution of small orders has been in many instances several times their minimum charges. For this reason they have established & minimum commission charge of $5 per item on security transactions of every description excepting rights and partial executions. Many New York firms are taking the same step. They report that they have had to add many clerks to handle the clerical work for many small lot trans- actions, that the work and costs are the same on a five-share order as on & 500-share order. Insurance Firms in New Home. ‘The building at 1200 Fifteenth street has been purchased by the Electrical Workers' Benefit Association and will b2 not only its home, but the home of the Union Co-operative Insurance As- sociation and of the International Brotherhood of Electrical Workers. Both of these insurance concerns are District of Columbia corporations. Charles H. Nesbit, formerly superin- tendent of insurance of the District, who has been connected with the Elec- trical Workers, Benefit Association since its inception, reports that both these insurance or izations have made brilliant progress since they were founded. The Electrical Benefit had a fine year in 1928, while the Union Co- operative doubled its business during the same period. R. Jesse Chaney of the Commercial National Bank, who is acting as chair- men of the dinner committee of the Credit Men's As: a record attendance is promised for Saturday night's the Willard. aurcnce H ; Bant f with the National al vears, is now acer Trask Co., in taeir office in Lh= ‘Woodward Bu\.\dxnl. | Linotype was the market | AJleghany A 51 lU”; lUl‘s 102 ngton Stock Ex- | when recent price levels | Aliied Cm pf(7). 61 V.| Brunswick Ter.. ciation, reports that| annual gathering at | | NEW YORK STOCK EXCHAN 46k 46k Aoitib) Po pf(6) B4% 847 B4l Abranm&Straus 136 136 136 | Ab&Straus pf 7. 111% 111% 111% Adams Exp(6).. 400 410 400 Adams Millis(2) 31% _31% Adv Rumley.... 60 Adv Rumley pf.. 624 62! Ahumada Lead.. 4% 4% Air Redctn (13). 1063 106% 103% Ajax Rubber 9 9 Aiaska Junea E Albany Papr(2). Alb&Susq(t11). Alleghany Corp. 46% 215! Lin 31 Allies Chem. | Allis-Chalm(7) | Allis-Chalm rt \Anl.\. Leathel | Ameradaz). Am Agricul CI i Am Agri Ch pt. | Am Bank N(13) Am Bt‘el Sugar i ) 56 543 Am Brown Bov. 20% Am Brown Bo pf 915 Am Can (14).... 112% 113% 111% Am Can pf(7)... 140% 141 140% AmCar&Fdy(6). ~96% 9 Am Chicle (2).. 52 Am Drug (60c). Am Encau T(4). | Am Express(6).” Am & For Pow.. Am&FoPo pf(6). 95 Am&ForP pf(7) 108% Am&For P2d7. 99% Am Home Pr(3) 784 Am Ice (12%)... 41 Am Ice pfi6)... 91 Am Internat(n). 66 Am LaFr&Foam 7 Am Locomot(8). 108 Am Loco pf(7).. 115 Am Ma & Fy(4). 178 Am Metals(3).. 5% Am NatGaspf?7 92 Am Piano 13% 1312 m Am Plano . 45 53 AmP&L (31).. 109% 110% 1067 AmPo&Lt pf(6)1 102 102 102 {AmP&Lpfsta5. 84 8113 84 Am Radiator(5) 194% 1945 193 jam Ry Ex(6)... 144 153 144 | Am Republics Am Saf Raz.rd). Am Seating(3).. Am Ship & Com. 5l Am Sm&Ref(4). 116 Am S & Rpf(7). 135% 136 135 AmStIFdys(3), 70 0% 6 Am Stl Fy p£(7). 111% 112 111% AmSugar...... 85% 85% 84% Am Sugar pf(7). 110% 110% 110% Am Sumatra(3). 54 54 531 AmTel &Ca(5). 21% 21% 214 Am Tel & Tel(9) 211% 21215 209% Am Tobacco(8). 174% 174% 17d% Am Tobac B(8). 173% 178% 1731 Amn TypeFo(8).. 145 145 145 AmWWEEl(cl). 53% 86% 83% Am Woolen. . 24% 24% 24 Am Woolen pf.. 525 2% 524 Am Writ Pactfs 12v% 1% 121 Am Writ Pa 6 pf 431 43% 431 Am Zine. . 391 39% 3Th AmZincpf..... 102 103 102 Anaconda (7)... 133% 1345 130% Anchor Cap..... 55% 55% 5ok Anchor pf (61). 116 116 116 Andes Copr 75¢. 51% 51% Archer Dan (4 :aBA. 99 98% Armour LII(A 16% 15% Armour 111(B).. 8y 8y Armour 111 p£(7) £3% 83 Arnoid Con & Co 33 Art Metal(1%). 20% 2915 AssoDryG(23). 60% 624 59% Atchison(10)... 199% 200% 197 Atchison pf(5).. 103 103% 103 Atl Coast L(t10) 187% 157! 187 AUGuIf&WI.. 33 33 3.y Atlan Ref(11%) 56% 56% o5% Atlan Ref pf(7). 116% 1161 116% Atlas Pow pf(6). 103 103 103 Atlas Tack..... 12 12 11 Austin-Nichol §.0eigy. 0 AusCred(4.49).. 61 64 61 AutoSales...... 22% 22% 2214 AutoSalespf(3) 35% 33% 8% Autostrap A(3). 46 46 450 Bald Loco pf(7). 117 117% 117 Buito & O(6).... 122 123 121% Balto&Opf(4). 79 79 179 Bang & Ar(3%). 66% 65% 65% Barker Bros(2). 324 Barker pf(63%). 97 Barnet Leather. 23% Barnsdall A {2). 41% Bayuk Cgrs (2). 107 Bayuk 1st pf(7). 105 Beacon Oil. . 204 20% Bcech Creek.... 40% 40% 40% Belding-Hemwy 11% 114 11 Bethlehm Sti(4) 90% 91% 89y Beth Steel pf(7) 122 122 121% Bloomingdale... 48 48 46 Booth Fisheries, 815 8% 8!y Borden Milk(6). 190% 191 190 Briggs MfgFCo.. 52 524 50% British Empire.. 5 5 5 Brockwy Mot(4) 64 64 Brockway pf(7). 128 128 Bklyn-Man(4).. 75 BklynUnGas(5). 182 BrownShoe(2%) 43 Brunswick B(3) 49 3% 921y 204 108% 10 994 9314 117% 114% 63 128 Bueyrus pf(7).. 1!5)- 115% 115% BurnsBros pf(7) 104 104 104 Burroughs (15). 240 240 240 Bush Term(g2) 80 80% TT% Bush Ter de(7).. 107% 108 107 Bush Ter pf(7).. 1156 115 115 ButteCop & Zine 8% 8% 8% Butte & Sup(2). 9% 9% 9% Butterick Co.... 34% 34% 34 Byer & Co...... 144 147 144 Byers A M(rts).. 12% 12% 11% By-Products(2). 114% 114% 114% Calif Pack(4)... 6% 77 176 Callaban Zinc... 3% 3% 34 Calu & Ariz (6). 132 134% 130% Cal & Hecla(4).. 57% b57% 564 CanDry (14%). 0% 80% 79% nad Sou(3) 5T% 57% 567 Can Pacific(10). 246% 250% 245' Canon Mills 2.80. 44}y 44% 44% Case Threshg(6) 460 470 460 125 125 125 3 36 36 8% T3% T2 42% 42% 41% Celotex Co (3)... Cen Aguirre(2). Cent Alloy12)... 46% 47T% 46% Century RibM.. 18 18 17% Cerro de Pas(5). 110% 110% 108% Certain-teed Pro 234 23% 23 Ches & Ohio(10) 216 216% 215 C&OCorpn(3).. 824 82% % Chi & Alton. . 16% 16% Chi & Alton pf.. 20 20% ChiGreat West.. 20% 20% Cnl Gt West pf.. 57% 5% Chi Mil&StP.. 86% Chi Mil & StPpt 57l% Chi& Nwn (4).. 884 ChiPTpf(3%). 55 Chi,R1&Pac(8).. 132 132% CRI&Ppf(6). 101% 102 CRI&Ppf(7). 107 Chi Yel Cab(3).. 382 Chickasha(3)... 46 Childs(2.40).... ‘bd's 5i% Chile Cop (3%).. 95 98% Chrysler(3).... 101% 103% City Ice (3.60).. 60% 60 City Stores new. Y 28% City Stores(rts). 3% 3% Cluett-Peab(5). 641 68 Coca-Cola(6) 132% 133 Coea-Cola (A)... 487% 48% Colilas & Atkmn. 54 5 Col Fuel & Iron. 684 Col Sou 1st(4).. 76 Col Gas & E1(5). 148 Col Gas&El new. 61 Col G&E pfA(6). 106% l(lfi“ 106t Columbia Graph 73% 73! 70% Col Carbon t4%. 139 1431 139 ComCred(1).... 52 524 50% Com Credit(rts). 3% 3% Com Ci1stpf 6% 100% 100% 100 Com Crpf B(2). 26% 26% 26% Com Inv Tr (4). 179 179% 176 Com InTrpf6% 96% 96 96% Com In Tr pf(7). 107 107 107 Com Solvnts(8). 233% 233% 230% Com Power(13). 118% 121% 118 Conde Nast(2).. 82l 8213 8l% Congoleum-Nair 29% 29% 28% Cong Cgrs (5).. 86 87% 85% | Conley Tinfoil. . 1% 1% 1% Consol Cgrs (7). 92% 92% 91% Con Film pf(2).. 26 26% 26% Conmsol Gas (3).. 109% 110% 108% ConsolGaspf(5). 99% 99% 99% | ConRRCuba pt 6 66% 66% 66% Consol Textil 4% 4% Container A 1. 20% 20% Container B 60¢ 10% (,Dnl Blkln' A % 6ok 5 131% 1014 101'/: 107 32 46 53% 947 «. 64 132% ‘ Open. High. Low. Close. { Cont Baking B.. Cont] Can (23). Cont Can pf(7).. Cont Insur(6)... Contl Mot(80¢). Cont Motors rts. Corn Prod t3%.. Corn Prod pf(7). Coty, Inc (g2).. Cructble Stits). CubaCaneSugar. Cuba Cane Su pf Cuba Company. . Cuba R R(4.80). Cuban Am S(1). { Cuban Dom Sug. Cudahy Pkg(4). Curtiss Aerot1). Cushmann pf(8) Cutir-Ham(3%) Cuyamel Frult., Davison Chem.. Deere&Co pf(7). Del & Hud(¥). .. Del L & W(17) Den RG Wn pt. Detroit Ed(8 Devoe A (13.20). Diamond M (8). Dome Mines(1). Drug fnec4). ... Dunhill Int (34). Dupont (new). . Du Pont deb(6). Eastman(18) . ton Axle (3).. Kitngon(2%). . Elec Auto L (4). Electric Boat. .. ElecPow&Lt(1). EP&LDE 40%(7) Elec P&LE pf17) Elec Stor B (5). Elk Horn. . Eik Horn pf. Em Brantgm(A) Emp Capwell(2) tsnd-John(5).... ng Pub S(m1). Eng Pub Ser rts. Eng Pu S pf(5). Equit Bldg(2). . EquitableTr(12) Erie R R.. rie 1st pf, eka Vac (4).. Fairbanks Co pf. I%uirbanks(3) Fed L1&Tr(3 Fed MotT(SDc) Fidelity-Phoenx. Fifth Ave(6ic). . Filine's (634)... Filene's pf(6%). First NatS(1%). Fisk Rubber. ... Fisk Rub 1st pf. Fisk R 1st pf ev. Fleischman t3% Florsheim (A).. Follansbee 1214 . Fox Film A4).. Freeport T (4).. Gabriel Snub A.. Gardner Motor. . Gen Am TC($4). Gen Asphalt.... Gen Asph pf(5). Gen Cable...... en Cable A (4). Gen Cable pf(7). Gen Cigars(4).. Gen Electric 8. . GenElec sp(6uc) Gen G&EI A(12) Gen Gas pf A(7) Gen G & 2] A(8) Gen G&E| B(12) Gen Gas pf B(7) Gen Mills (3)... Gen Mills pf (6) Gen Motors (3). Gen Mot pf(7).. Gen Outdr Ad(4) GenOutdrad(2). Gen Ry Sig(5).. Gen Ry S pf(6).. Gen Refrac(3).. G'mbel Bros. Glidden (t1% Gobel (Adolpa). Gold Dust (new) Goodrich pf( 7 *{ Goodyear Tire. . Goodyr 1st pf(7) 103 Gotham H (2%). Gothm nv(2%). Graham-Paige. . Grhm-Paige cfs. Granby (6)..... Grand F&W (1). Grand Unon.... Grand Un pf(3). Gt NoOr efs 2% . Grt Wo Sug 2.80 Guantanamo Su. Gulf Mo & Nor.. 5 4 | Gulf Stat Sti(4). 247% 44% 465 125 36 T2% 41% 47% 17% 109% 23% 215 824 15% 20 20 57% 86% 57% SH'VA !!2'/; 86% 135 92 26% 109% 99% 66% 4% 20% M 554 Gulf Sta 18t(7). Hahn Dept Stor. “|Hahn DS pf 6%. HamiltonWpf (6) Hanna M A (7).. Hawaiian P (2).. Hersney Corp. Hershey pf(4).. Hershey pr pf(6) Hoe&CoA..... Holnd Fur(2%). Homestake(17). Household (14).. Howe Sound(4).. Hud Man(2%).. Hud Man pf(5)., Hudson Mot(5). Hupp Mot(f2).. Illinots Cen(7) Ind O & Gas (2 Indian Mot (1).., Indian Refining. Indian Refg ctfs Inland Stl (3%). Inspiration (3).. InterboroRapTr. InterconRubber. Internat Agri. .. Intl Bus Ma (5). Int Cement(4).. Int Com Engi2). Int Comb pr(7).. Int Harv (2%).. Int Harv pf(7) Int Mtch pf 3.20. Int Mer Iarine Int Mer Mar pf.. Int Nickl of Can . Int Nickel p£(7). Int Paper pf(6). Int Pa&PoA2.40. Int Papr & Po B. Int Papr & Po C. Int Pa&Po pf(7) Int Prtg Ink 2%. Int Ry CA pf(5). Int] Salt(5)....0 Int Tel & Tel(6). Interstate D S..: Intertype(t132). Island Creek(4). 4| Jonns-Manv(3). Johns-Man pf(7) 4 | Jones & Lau(7).. Jordan Motor... Kan City South.. faufmn DS 1%. Kayser J(5).. Keith-Albe Keith-Al pf( Kelly-Spring Kelly Tire 8%pt Kels Hayes(2) Kelvinator Cor| Kennecott (8) Kinney (G R. Kinney pf(8) Kolster Radio. Kraft-Pho(1% Kresge (1.60). Kress SH(h1% Kreuger & Toll Kroger Gro(cl). LagoOfl.....ees Lambert (7). Lee Tire & Rub. . Leh Por Cmt 2% Lehigh PC pf(7) Lehigh Val Coal. LehighVal(3%). Lehn & Fink(3). Lig Myers(t5).. Lig & Myrs B 15. Lima Locomtve Link Belt Co. . Liquid Car t4% . Loew's (13)..... Loew's pr(6%). Lott, - . Open. llll. h"‘ Close. 21% 21% 80 80 14% 14% 5l 6% 61 61 165% 156 112 1 1 240 112 61 83% 83% 63 63% 24% 124% 94 194 61 . 1261 126% 681y 68% 240 59% 59% 157% 158 117 1 ur 88 188 126% 126% 1 1 35% 135% 09 109 86 8612 Y% 105% 1056% 1 1 107 2 1 129 664 664 1% 174% 64 64 66% 66t 89% 90% 48% 48% 30% 30% 18 18 91 91k T0% 70% 11% 111% 57 57 13 113 107 68 6874 35 236% 1% 11% 85% 86% 12 116 135 934 934 110% 115+ 8T BT 97k 97% 81% 81% 125% 1254 32 51 51 32 9915 9915 100 538% 1 100 9% T9% Gillette S R(e§). 119% 119% 44 44% 40 60 407 72 24 103 65% 66 65 65 Gotham H pf(7). 100% 100% 45% 46% 45% 45% 921 92% 8lK 82% 26% 26% 49% 50% Grt North pf(5). 109% 109% Gt Nor pfcfsi5) 106% 106% 33% 35 37% 3T% 52 Greene Cana(6) 175% L78% A% 4% 52 % 7% 108% 109 49% 50 110 Hartmn B(1.20). . 110 60% 67% 3 60% 65% 65% 65% 80% 80% H0% 105 105 18% 18% 48% 48% 73 T4% 8% 4% 3% 4% 51% b51% 81 86 3 144 31 81 B6% 4% 144% 31 254 25% 34% 34% 334 33% 8T 88 54 ba% 49 49 1% 11% 159 93 16% 46% 161% 93 97% 101% 116% 116% 104 142 91 104% 142 9k 6% 6% 40% 43% 122 122 91 2] 2 1 1 e 1 1 1 1 6l 63% 91 31% 20% 14% 90 59% 7 90 10% 213 82 828 30 30w 59 60% 07% 214 20% 120% 21 121 13% 134 38% 90 334 33% 81% 81% 37% 3% 147% 114% 19% 19% 31% 61% 34% 34% 82% 83 09 109 38% 39% 06 107% er. By 31% 133% 21 21 62% 63 lOK 110% 24% 105 184% 46 3 74 2% 50 81 85 2% 143% 30% 254 34 30 5815 204% 120% 121 13 88 10 68%% 126 86 Loose-W(1.60).. Lorillard Co.... Lo‘lll!lnloll. . Louls GasA 1.76. Louis & Nash(7) Ludlum Stl ctfs. Ludlum S pf 6%. Mac And(12.85). Me Call Corp(4) McCrory pf(6).. McGraw Hill.... McKeespt Tin P McKes&Ro 1.60. % | Mack Truck(6) Macy Co (¢2)... Mad 8q Gar 1%. Magma Cop (4). Mallison & Co. .. Manati Sugar pt Man Elec Suply. Maracaibo Ofl... Market St prior. Marlan Oll...... Marlin-Roe t3% Marmon Mot(4). Martin-Par: Mathieson(6 May Dept S(4).. Maytag (12).... Maytag pf(3)... Mengel Co....00 MetroG pf(1.89) Mexican Seab. .. Miami Cop (2).. Mid-Cont P(2).. Middle Sta Mid States ctfe Midland pf¢ 'll) Mtller Rubber. ... Minn & St Louls. Minn StP&SS) M St P&SSM pf. MStP&SSM 11(4) Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific. MoPacific pf(5). Mohwk Car 2%. Mont Ward 2 Moon Motor Mother L (4 Motion Pic Corp. Motor Meter A.. Motor Prod(2).. Motor Wh (2).. Mulhns Mfg.... Munsingwr(3).. Murray Corp.... Nash Motors(6). Nat Acme (1)... Nat Bellas Hess. Natl Biscult(17) Nat Cash Reg t4 Nat Dairy (33). Nat Dept Stores. g_t Distillers. .. Nat Distillers pf Nat Enamlg (1). Nat Ld pf B(6).. Nat Pow&Lt(1). Nat Radiator... D & Harlm (5) NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn N Y State Rys pf NY Stm 1stpf 7. Norf & Wn(T110) NorAm b10%stk North Am pf(3). No Germn Lloyd Nortn Pac(5)... Nor Pac cfs(5).. Norwalk Tire... 011 Well Supply. 01l Well S pf. OppenhmCol (4). Orpheum pf(8). Otis Elev pf(6). Otis Steel. ... Otis Stl pr M’l‘l) Owens Bot (c4). Pacific Gas(2). . Pacific Gas(rts). Pac Lightg (3).. Pac Oll Stubs... Pac Tel & Tel(7) Pac'Tel & Tel pf Packard (13%).. Pan-Am Petrolm ’an-Amer Pet B Paramount-F-L Penick & Ford. . Penn Dixie Cmt. Pa Dix Ct pf(7). Penn RR(3%).. Pere Marq (18).. Pet Milk (13%).. Phila& RC&1. Phil Morris(1).. Pierce Oil.... Pierce Ol pf. Plerce Petrolm. ., Pilsbury (1.60).. Pirelli of Italy.. Pitts Coal . 1 Por RicoToA (7). PortoRicoTobB. Postal T&C pf 7. Postum(3). Prairie Oll&Gas. Prairie Pips L. .. Pressed Sti Car. Pr St Car pf(7). Produ & Refinrs. Producers&R pf. Public Serv 2.60. Pub Serv NJ rts. Pullman Co(4).. Punta Aleg Sug. Pure O1] (1).. Purity Bak(3).. Radio Corp... Radio (new).... RadioCo pf(3%) Radio-Keith(A). RS8Cefs(4).. ReadingRy (4) Real Silk Ho: Rets(R)& Co. Reis 18t pf(7) Remingtn-Rand Reo Mot (11).... Rep 1 & S(4) Reynolds Spngs. Rey Tob B 16%. Reynolds B new. RhineWE(1.92). Richtield O11(2).. Rio Grande Oil.. Rossia I Royal Bal P(l). Safeway (3).... St Jos Leaa:13). StL & San Fr(8). StL&SanF pf(6) StL&Southwest. Savage Arms(2) Schulte (J3%).. Schulte pf(8)... Seagrave(el.20). Sears-Roe(32%) Seneca Copper. . Shattuck FG(2). Shell T&Ta2.425. Shell Un(1.40). Shubert The(5). Simmons Co(3). SimmsPet(1.60) Sinciair Oil..... Sinclair pf(8) Skelly O11(2). Sloss-Shef(6)... Snider Packg Co Snider Pkg pt... So Por Rico(2).. South Por pf(8). South Calif Ed.. 101% 96 59% 90 140 81% 39 104% % 70% South Dairfes B. . South Pac(6: South Ry(8).... South Ry pf(8). SouRyM&O cfs 4 Spang Chalfat.. Spear & Co. Spear&Co pf(7). Spencer Kellog. N Ty T g A < A 73 32% 89% 91% 89 661 667 66% 116 117% 116 51% 106% 105% 102% 32% 33 101% ~ 96 59% 140 81% 39 104% k4 59% 56% 20% 105 33 91 6614 um D.- C, THURSDAY, FEBRUARY -14,.1929. Reeeivcd Private Wire Std O of Cal(13) StdOiINJ(11%). StdO{INY (1. Std Plate Gla Std San l((l.“). Staniey Co...... Stewart-War(6) Stromberg (3).. Studebaker ($5). Submarine Boat. Sun Oil (g1).... Superior Oil.... Superior Steel. . Sweet of Am(1). Telautogrph(1). Tenn Copper(1). Tenn Cop (rts) ‘Texas Corpni(3). Tex Corp full pd. TexasGulfSul(4) Texas & Pac(5). T&P C&O(b2%). Tex Ld Trinew) Thatchr pf 3.60.. The Fair(2.40).. Thomp J R(3.60) Thompson(rts).. Tidewater AsOil TIdWASOIIpf(8) Timken Roll B.. Tobac Prod (8).. Tobac Prod A(7) 1 Tob Prod ctfs B. Tob Prod cfs(C) Transcont Oll. .. Trico Prod(2%) ‘Truscon Stl 1.20, Twin City RapT Undwd-El F (4) Un Bag & Paper Union Carb(§) Un Ofl Cali2) Union Oil (rts. Union Pae(10).. Union Tank(5) Utd Biscuit 1.60. Utd Cigar St(1). Utd Cgr St pf(6) Utd Elec Coal... Utd Fruit(15%) Utd Paperboard. US CastIr P(2). US CIP 2d 1.20.. U 8 Distributing U S Hoffman(4). U S Alcohol (8). S Leather.... Leathr A(4) Realty(4).. Rubber. . Rub 1st Dl- . Smelt(3%).. Smpf(3%). U S Steel(7).... U S Steel pf(7).. U 8 Tobacco(3). Unt Leaf Tob(3) Unl Pic 1st pf(8) Univ Pipe & Rad Utah Copper(12) Utll P&L Ace2). Vadasco Sales. .. Vadasco pf..... Vanadium (714). Van Raalte pf... Vick Chem(4). .. Victor Talkg(4). u u u u u u u Va-Caro Chem. . Va-CarCh 6%pt. Vulcan Detin. ... Vulcan Detin(A) Vule Det p£(7).. Ward ClA(8)... Ward Baking B. Warner Bros Pic ‘Warner pf(2.20) Warner-Qu(z Warren F&Pipe. Warrn Bros (15) Web & Hell..... Web&Heil pf(7) Webstr-Eislohr. ‘Webster-Eis rts. Wesson Oil (4) . W Penn El pt(6) W Penn EI pf(7) West P Po pf(7) West Dairy B... t Maryland. West Md 2d pf.. West Pacific. ... West Pacitic pt.. W U Teleg (8).. Westhse A B(2). Westinghse(4).. Westhse 1st(4). Weston Electrie. White Eagle(2). White Mot(1)... White Rock (3). White Sew Mach White SM pf(4). Wilcox Ol & G.. Wilcox Rich A. ‘Wilcox Rich B. ¢ Willys Ov ¢1.20. Willys-Ovd pf 7. Wilson & Co.... Wilson Co pf A.. Wilson & Co pf. Woolworth (§ Worthn Pump. . Worth Pump(B) Wright Aero(2). Wrigey ((13%). Yale&Towne(4). Yellow Truck Young Spring Youngstn Sh« 11 244 72 2004 21 . 6204 62 _11» 601 5844 11 110% ll“h Hourly Sales on N. ¥. Market. 10:30 a.m.. 524,300 12 m... 1,746,500 1:30 p.m. 2419100 2:15 p.m 2,890,600 10% 1in stock. Y ook, i plus 30 m Plilb}t flm lhlr'.fl r&:r United Gigar Stores common stock. B 1% % in stock. Wall Street Briefs Consolidated Gas, Electric Light & Power Co. of Baltimore is offering to stockholders of record March 8 the right to subscribe to 95,570 shares of com- mon stock at $60 a share in ratio of one new share for every 10 held. An additional 10,000 shares of no par common will be offered for subscription at ;10 a alm-e w employes. will finance expansions. Oflclfll of the Radio-Keith-Albee Co. denied published reports that a merger or alliance with the Paramount- Publix organization was contemplated. Hiram S. Brown, president of the R. K. A, who is in Angeles, issued a statement denying that “either the Radio-Keith-Albee theaters or radio- pictures would be merged or operated by any other '.hnur, picture company or theater chain.” Rom Tabulation of reports from trust com- ‘Athen: panies and banks in all parts of the country establishes that more than $1,- 000,000,000 in life insurance now is prc!ecled by trust agreements, Francis | s isson, vice president-of the Qull‘- lnly Trust Co., announced today. Th reports indicate that uppmximlfiely l’l. 000,000,000 in {insurance policies was plmed in trust last’ year. Unusually high margin requirements, which average around a 35 per cent mission houses, are believed to forestalled any extensive “distress sell- ing” in the recent reaction caused by adverse credit developments. In the old days when 10 to 20 per cent margins were common, a warning such as the Féderal Reserve Board issued the other day would have resulted in the closing out of thousands of weakened specula- tive accounts, and possibly some casu- altles among the smaller brokerage houses. In | obtelku.flyummnn relatively few margin calls were sent out, and the large majority of these were -speedily complud with. Directors of shares of the South, Inc., by Caldwell & Co., Nashville, .hlnlu'.hafl.ladh of 50,~ additional stock. 000 of common Half of these will be offered to stock- howmatu"n.mmnuoot: Unuor hne for each one held. The re- ml.nln( ‘will be-sold, * | liquidation since the last statement.] STOCK PRICES GAIN AFTER EARLY DROP Heavy Selling Movement De- presses Many Issues in First Hour. BY GEORGE T. HUGHES. Special Dispatch to The snr“-s e NEW YORK, February ubjec to heavy selling at the start, today's Stock Market weakened substantially and then recovered a good share of thé loss. The early selling was generally ascribed to advice of brokerage houses | to_ their customers to’ liquidate long! holdings. A number of large commis- sion houses had been urging caution yesterday. They emphasized their posi- | tion in their letters today. Then there was the weekly meeting of the direc-| tors of the New York Federal Reserve | Bank after the close which was to be | taken into account, and finally the weekly compilation of brokers’ loans. Call Money Easy. As far as the rediscount rate went, | speculators were not of one mind as to | the effect on the market if it should | be raised. Some argued that an ad-| vance had been discounted and others | that it would not make any difference | anyway. Brokers' loans were expected | to show a decrease, reflecting thei Meanwhile call money was relatively easy. The renewal rate was 6'; per cent and funds were obtainable in the outside market at concessions from the official quotation. The outlook was for | lower rather than higher rates. More or less, all kinds of stocks went down when the selling was at its height. Even the copper shares, the position of which is much better than the average, lost ground. Anaconda at one time was off from 4 to 5 points from its high of yesterday. Coppers were among the flrst to rally when the pressure was Bethlehem Steel made a good show- ing. It lost a couple of points in the first hour, but before noon was back al- most to the preceding close. United States Steel opened down over a point and went to a new low on the current move- ment before support appeared and it retraced part of the ground, The motors were highly irregular. Chrysler dipped under selling for short account and then came back impres- sively, so that after two hours of busi- ness it showed a net advance on the day. It was the same way with Hupp. The | rebound was quicker than the decline. General Motors moved within a narrow range. Utility Group. In the utility group the spectacular performers of yesterday, American & % | Foreign Power and American Power & Light, weakened moderately in the early trading and then came back with a rush. The former crossed 117 to a new top, up almost 4 points on the day ‘The appetite of the public for the stock: of utility holding companies of this kind seems lnsatmble NEW SCHEDULES URGED FOR MARYLAND BUSSES Special Dispatch to The Star. i BALTIMORE, February 14.—Trans-| portation companies operating betv.een; Baltimore and points on the Eastern; Shore, Southern Maryland and Vir-| ginia will be asked to rearrange their | schedules in order that merchants com- | ing from those scctions to this ecity | may have longer stopover hare. That is one of the recommendations | of a special trade relations committee | of the Association of Commerce. The committes also decided today to request merchants on the Eastern Shore, Southern Maryland and in Vir- ia to advertise more extensively in timore newspapers, while editors of | the papers will be requgsted to publich more local news of interest to residents in those sections. *‘Baltimore must get the trade that is now going to Philadelphia, Wilming- ton and Washington,” a member of the committee said. ‘“The people on the Eastern Shore find it is a hardship to come to Baltimore owing to the pres- ent schedules of the railroads and ferry companies. “We intend to recommend that the merchants of Baltimore and those in other sections carry on a mail order business with each other. This can be accomplished by both groups adver- tising extensively in the Baltimore pa- pers. “We are going to stir up Baltimore merchants to go after the trade that is going from the Eastern Shore and other sections to other cities. The trade be- longs here and it is up to us to get it.” WIge Increase Announced. HILADELPHIA, February 14 (#).— 'rne Reldinz Co. announced an increase varying from 1 to 4 cents en hour for mechanics in the bridge and bundlng department, and also the es- tablishment of a sliding scale based on years of service for the common la- borers in the maintenance of way de- g:nment The increase is effective and amounts to approxi- bruary 1 i | mately 3250 000 a year. Bond Purchase Reported. NEW YORK, February 14 (#).—The United States Steel Corporation is re- ported to have purchased in the open market several blocks of its own 50- year 5 per cent gold bonds, due Aprfl 1 1951. Outstanding bonds of this iss exceed $155, 000000‘ TREASURY CEETIFICATES. plievorted by ) & W. Seligman 3% xgzn s Sept. 15, é" Sept. 15, 19: 4¥4s Dec. 15, FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks London, d. B poun 85V Paris, franc. 10300% . zloty. . enhagen, crow: ¢ | gelo, crown’ tockholm, erow: SHORT-TERM SECURITIES. (R'ported by J. & W. Bi"lm%? & Co.) d. Offer. Allls-Chalmers Co. 58 1087, 2 100 Aluminum Co. 101 Bell' Tel: of Canada e 1 Galifornia’ Pei.” Corp. S Ohio Rwy. w.- 18300 Chie Colu liP f Ol Humble Oil I‘/:ll i Internat._ Matc) Qreson Bhort Line of 18700 85 FINANCTAL & Robots One of the popular plays, some years ago, was “R. U. R.”.in which the author pictured a future age in which all work was done by manu- factured metal men, which he called “robots.” The imagination of this author was not so far flung as many, who saw this show, intimated. For even today, you may have the equivalent of paper men working for you. Such are the First Mortgage Notes issued by Swartzell, Rheem & Hensey Com- pany for they are working day and night to return you interest at 6% on your savings. You may have the comfort of being served by these faithful men, if you will consult with us before making your next investment. SWARTZELL, RHEEM & HENSEY CO MORTGAGE BANKERS 727 15 STREET N.w./ . WASHINGTON D.C. Hicu Pressure OMITTED 'HEN a representative of this house calls on you, ask him to come in. He is a trained investment counselor who can give you much useful information, relieve you of many details, and save much of your time. He will, for example, collect tax refunds for you, watch your securities and keep you posted on developments which should have your attention, or furnish reports on securities in which you may be interested. Frankly, he is a salesman, too—but he sells without high pressyre. His method is so to.simplify the manage- ment of your securities, and so conserve your own time and effort, that in selecting further investments you naturally will seek his co-operation. J-A. . Iglehart & Co. Western, mme Investment Bankers 719 FIFTEENTH ST, N. W. - WASHINGTON, D. C. Baltimore, Md. = Clarksburg, W. Ve Wilkes-Barre, Pa. \/ Richmond, Va. Wilmington, Del. | JSJOJ IR} | Charleston, W. Va. {ONIW, Capital & Surplus, $3,500,000 Growing Every Day qThe fact that our family of depositors is ever on the increase, speaks well for the soundness of our policies and excellence of the service this old bank so impartially renders. gBank your Payday funds here, so they’ll have the protection of an old and thoroughly time- tried institution. Deposits lngoiud in Any Amount Same Rate of Interest Paid on and umSml.l Open Until 5:30 P.M. February 15th OFFICERS: WILLIAM D. HOOVER, President. WOODBURY BLAIR, 1st V. Pres. FRANK W. STONE, 2nd V. Pres. FRANK STETSON, Trust Officer. S. C. LAMBORN, Treasurer. E. PERCIVAL WILSON, Secretary. FRANK R. ULLMER, Asst. Treas. RD, Asst. Tr. Officer, 3v.l:i't9' i, At T Oice 'S PARDOE. Asst. 'r"" SEXANDER J. FANT, Asat. So JOHN M. BOTE ELER 08 L e National Savings & Trust Co. 63d Oldest Savings Institution in the District of Columbia Cor. 15th and New York Ave.