Evening Star Newspaper, February 16, 1929, Page 24

SECURITIES FIRM INNEW QUARTERS Corporation Occupies Hand- some Offices in Fifteenth Street Building. BY EDWARD C. STONE. The Southern Securities Corporation opened for business today in handsome new quarters in the new building at| 1200 Fifteenth street northwest, occupy- ing the entire south half of the first floor of the office building. Donald H.! McKnew. bullt the building primarily for the Southern Securities Corporation from plans drawn by J. Henri de Sibour. ‘The new offices have ample space, light, ventilation and up-to-date brokerage ::nwnlencex. including ticker news serv- e. ‘The company has private phone serv- | ice with local offices of F. B. Keech & | Co. and Hambleton & Co.. which nlw} gives direct conenctions with Baltimore, Philadelphia and New York. Officials also state that the company corresponds with a large number of New York Ind‘ Chicago houses of issue, Donald H. McKnew, a well known local bond man, is the president, and was one of the originators of the com- pany in 1924. Covert F. Crowder is secretary and treaSurer. Mr. Crowder was for many years with W. H. Hibbs & Co. Retail sales are under the direc- tion of R. Bentley Hoeber, formerly with Gillet & Co. Aside from conducting retail sales departments of any local investment | house, the company is a joint owne: of the Grove Park Inn properties, in Ashe- ville, N. C., and is identified with sev- eral utility’ corporations. The officiss received many congratulations today on ! their new surroundings. Washington Men Among Officers. The annual meeting of the Standard Collateral Shares Corporation took place at their executive offices, 71 Broadway, New York City, on February 6, 1929. Board of directors for the new vear were | elected. Gen. Kenzie W. Walker of | ‘Washington was elected chairman of the board, Robert O. Dever of New York and Paul L. James of Washington were re-elected president and vice president and treasurer, respectively. The dividend declared on Stlndnl'd[ Collateral trusteed shares for the six | months period ending January 15, 1929, was 48.058 cents a share. This dividend | was paid yesterday. Harry W. Rieh!, manager of the St. Louis Better Business Bureau, who will be the primary speaker at the February 26 meeting of the Better Business Bu- reau, will be remembered by many Washington financiers because of his address before the American Bankers' Association at New Orleans. Joshua Evans, jr., executive vice presi- dent of the District National Bank, is chairman of the board of directors of the Better Business Bureau. He is ar- ranging for the dinner, which will be attended by members and friends of the Washington organization. Details of W., B. & A. Report. ‘The annual report of the Washing- ton, Baltimore & Annapolis Railroad, including the operations of the Chesa- peake Bay Power Co., for 1928, com- pared with 1927, prasenu the following comparisons: Derating revenue. 13,198.936.12 58,601 568,54 8 including ciation " 1864,0203¢ 1.915,684.97 685,631 57 131,882.1 $553,799.42 ® 362421178 131,271.05 T 0254073 11,009.54 Operating income Non-operating in: Gross income. Deductions sross in nterest. and notes Miscellaneou ductions . Total deductions Surplus Radio Corp. l‘nhr[el Insurance. Inauguration of a co-operative group program written by the Travelers, totaling approximately $3,250,000 and affecting more than 1,200 employes of the Radio Corporation of America and its subsidiary companies, is announced. This group insurance program is sup- lementary to the company's existing | urance plan. B. & 0. Earnings Gained. ‘The preliminary statement of the Blltlmnre & Ohlo Raliroad Co. for year ended December 31, 1928, shows net in- come of $29,100930 after taxes and charges, equivalent after deducting 4 per cent preferred dividend require- | ments to $12.43 a sharc earned on| 2,151,878 shares of common stock. This | compares with $22,632,345, or $9.42 & share, in 1927. Preliminary income account for year 1928 compares as follows: 1923 .$238.818 631 17172.550.868 14,880, from 3 on bonds tes. ... $541,450.10 $535,804.52 20.547.09 $356.351.61 BETCED 248,078,510 Frpenses igs 168521 Tax. eq. ris. ec Net oper. income. Other income. .. 7,227 | Hahoes Total incom Interest, rents, Net i Preferred dividends. 322,632 2:354.528 €ommon dividends 10.964.941 Surplus 19313328 Weekly Check Payments Larger. Check payments during the week ended February 9 were larger than in either the previous week or the cor- responding period of 1928, according to the weekly statement of the Depart- ment of Commerce. The National City Co. is offering at $72.50 per share a new issue of 400,000 shares of Wesson Ofl & Snowdrift Co., Inc.. no par value convertible preferred stock entitled to cummulative dividends at the rate of $4 per share per annum. Directors of the Internatio Ex- change Bank have elected Leonard H. Hoyle. formerly teller, to the office of assistant cashier. Directors of Bristol-Myers Co. have declared a regular quarterly cash divi- dend of $1 a share and an extra divi- cend of 25 cents a share, both payable March 30 to stockholders of record, March 20. Financial Notes. The Roxy Theaters Corporation has declared the regular quarterly dividend of 87!, cents a share on class A stock | pavable March 1 to stock of record, February 15. Luthur M. Walter, prominent com- merce lawyer of Chicago, has been re tained by Baltimore & Ohio Rallroad as special counsel to handle the road's application to be flled with Interstate | Commerce Commission shortly, request- ing the commission to allocate railroads to the Baltimore & Ohio along the lines of the old four-party plan. Arthur Foraker, manager of the ‘Washington office of Eastman, Dillon & Co. mond Boyce, a partner in the firm and a member of the New York Curb Ex- change. He had several acquaintances in this city. American Stores last year added about 425 stores to its chain. These in- cluded 305 stores in Northern New Jer- sey taken over from the United States Stores Corporation in the latter part of Pebruary and a group of 19 Old Dutch stores in Washington acquired at about the same time. In addition the company established around 100 new units in various parts of its territory. At the beginning of the current year further addition was made in acquisi- | tion of 62 stores of the Cupp Grocery Co. in Johnstown, Pa. Further substantial expansion in American Stores operations is expected in the current year. It is believed likely the company will acquire a chain of over 1.000 stores in a territory adjacent to that now covered by American. B { Bethlehm Stl(4) { Borden M1lk(6). | Bueyrus(1) reports the death of James Ray- | NCIAL. Open. High. Low. Close. 4Bl 434 45U 4BY 130% 130% 128 1238 111% 111% 111% 111% Abitibl Power. .. Adrahmé&Stra Ab&Straus pt 7. Adams Exp(6).. 395 395 392 Adams Millis(3) 31 31% 31 Adv Rumley.... Bb4 557 55 5 Adv Rumley pf.. 60 60 58% 58% AhumadaLesd.. 4 4 3 3% Air Redctn (18). 103 103 102% 102% Ajax Rubber 9 M09 9 Alaska Junea. U T Albany Papr(2). 21 204 20% Alleghany Corp. 30% 30% 29% 30% Alleghany A 5% 101% 102 101} 102 Allied Chem. ... 275 278% 275 277 Allia-Chalm(7). 169 169% 168% 169% S 3 M 2% 31% 31% 31 3% | Am Agricul Chm 18% 18l 184 184 [AmAgrichpt.. 62 63 6l 614 Am Bank N(13). 125W 1254 1256 125 Am Bosch...... Al 4lh 40% 41 Am Br Sh()1.60) B3 5214 53 Am Brown Bov. 20% 19% 19% Am Brown Bo pf 651y 65l (5w 654 Am Can (14).... 108% 109% 108 AmCar&Fdy(6). 95% 95% 95 Am C&F pf(7). 116} 116} 116% 1161 AmChicle (2).. 51 51% 51 &l% Am Drug (60c). 9% 9% 9% 9% Am Encau T(4). 86!y 86% 86l 86 Am & For Pow.. 116 118 114 114 Am&ForP pf(7) 107% 107% 107% 107% Am&For P2d 1. 99% 998 99% Am Hide& Lpf. 31% 31% 3% Am Home Pr(3) 77 8% Am Ice (12%).. 40% Am Internati(2) 65% Am LaFr&Foam 7 Am Locomot(8). 106% 105% 105 Am Ma &Fy(4). 171 171 170 3).. T34 T3 TIK pL(6) 120 120 120 Am Nat Gaspt 7 w 92 92 Am Plano..... U a4 1 AmP&L(11).. ms 107% 105 10714 AmP&Lpfatab. 844 BiW B4l B4k Am Radiator(5) 183% 188} 188 1881 Am Ky Ex(6).., 138 138 138 138 Am Republie: 494 494% 49 49 AmSaf Raz.10) 67% 67w 67% 674 Am Seating(3).. 33 33 33 AmShip&Com. 4% 4% 4% | Am Sm&Ref(4). 1114 111% 111 Am S & R pt(7). 136} 136% 1361 1364 Am Snuff (12).. 201% 201% 200 200 Am Sti Fdys3), 67 Am Stl Fy pf(7) 112 AmSugar...... K3k X35 E2% Am Sugar pf(7). 109% 1»9*, 1091y 109% Am Sumatra(3). 53 3 Am Tel & Ca(5) Am Tel & Tel Am Tobacco(8). Am Tobac B(3). | Am TypeFo(8).. AmWW&El(cl). Am Woolen Am Woolen pf. Am Writ Pa ctfs Am WritPa 6 pf Am Zine. R 35% 354 Anaconda (7)... 128t 129% 128 129% Anchor Cap..... 534 53 53 Anchor pf (613). 1124 1124 1124 112% Andes Copr Tbe. 581y 54y 584 54 Archer Dan (4).. 954 95 94 94 Armour Del pt 7 921y 9213 9215 92 Armour III(A).. 154 15% 15% 154 Armour II(B).. & 8 8 8 Armour Il pf(7) 2% 2% 824 820 | Arnold Con&Co 3L 31 31 31 Artloom(3)..... 29 29 29 29 Art Metal(1%4), 2915 29% 20 29% AssoDryG(23). 60 60 581y 598 Asso D G 1at(6). 103'% 1031 10313 103% Archison(10)... 196 197 196w 197 Atchison pf(5).. 103l 103t 103% 1031 Atl Coast L(110) 180% 150% 180% 180% AUGUIf& WI.. 324 32 324 824 Atlan Ref(113) 554 551 34% 54 AtiasPowder(4). 101 101 100 100 Austin-Nichols. 6% 6% 6% 6% {AusCred(4.49).. 62 62 604 60% | Auto Sal 22% 2% 22w AutoSaleapf(3) 37 T 37w Auto. A@G). 45 46 45 Bald Loco pf(7). 117 117 117 Bulto & O(6).... 1204 121% 120 Bank of N Y(18) 840 840 840 Bang & Ar(3%). 65 65 65 Barnet Leather. 20 20 Barker Bros(z). 30 30 30 Barnsda'l A i2). 40% 40% 39% an Barnsdall B (2). 39 39 38 3% Bayuk Cgrs (2). 106 106 106 106 Beacwn UIl. 0% 20w 20 20 Beeca-Nut (3).. 87 87 85% 864 Belding-Hemwy 11% 11% 1l 1l Best & Co(3)... 83% 53% 83l 83 873 88% ¥TW 8T 121a 1217 1213 121% | 45 45 45 | 814 82 4 1 521 521 524 524 186 136% 185 185 49% 49% 48% 49y BritishEmp2d.. 10 10 10 10 Brockwy Mot4) 60 60 59% 60 Brockway pf(7). 123 123 121 121 Bkiyn-Man(4).. 74% 764 T4% 6% BklynUnGas(5). 175 175 172 172% Biunswick B(3) 47% 4Th 46% 47% Bru 854 35% 35 85h 3% 3w .ifl‘u Bucyruseviziy) 46 47 a Burns BrosA(8) 113% 113% 1134 l].i\« Burroughs (15). 238 2338 Bush Term(g2). 73 73 Bush Ter pt(7). 115 115 utie Cop & Zine ¥4 X% Butte & Sup(2). 9 e Y Butterick Co.... 33% 33!y 31 Byer & Co...... 137T% 137% 135% 117 Byers A M(rts). 10 104 9 By-Products(2). 1104 110% 106 106 Callf Pack(4). 5 % 4% 14w Callahan Zinc. 3% % 3% 3% Calu & Ariz (6). 127 127T%s 126% 12734 Cal& Hecla(4).. 55 55 54w 54ia Can Dry (143%). T8% 78% 78 78 Can Pacific(10). 242 242 'w» 241% | Canon Mills 2.80. 4d 44k “ Cavanah Dobbs. 344 T T2 120 92 ) 207% 2"7‘4 2064 20° 1734 1734 173 173 173 174 173 173% 140% 143 140% 143 82 822 Blly Nl% 234 23 22% 224 504 504 50% 12 11y 42 Beth Steel pf(7) Bloomingdale Bon Ami A(4) Bootn Fisherie: Booth Fish 1s Briggs MfgFCo. nswick Ter. . 70% 115 s 115 Bla THE EVENING STAR, WASHINGTON. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Cuyamel Fruit.. va-on Chem. . Detroit E4(8). Devoe A (13.20). Diamond M (8). Dome Mines(1). Drug Ine(4).... Dunhiil Int (34). Dupont (new). Ea: an(ts)... Baton Axle (3).. Eitingon(2%). . Elec Auto L (4). Electric Boat... ElecPow&Lt(1). Elec P&Lt pf(7) Elec Stor B (5). Em Brantgm(A) End-John(5). ... Eng Pub S(m1). Eng Pub Ser rts. l':qlnl Bldg(2). uitableTr(12) ErIIRR Erle 18t pf...... Erie 2d pf . Eureka Vac (4). Felrbanks(3). FairbankMpf(7) Fed Lt&Tr(3%). Fed Mot T(80¢). Fidehty-Phoenx Filine's (614)... First NatS(1%) Fisk Rubber. Fisk R 1st pf ev. Fleischman 131 Flarsheim (A).. Follansbee 1214 . Foundation Co. . Fox Film A(4). Freeport T (4).. Gabriel Snub A.. ardner Motor. . Gen Am TC(34). Gen Asphalt. .. Gen Asph pf(5). Gen Cable...... Gen Cable A(4). Gen Cable pf(7). Gen Cigars(4).. Gen Electrie 16. . GenElec ap(60e) Gen G&EI A(12) Gen Gas pt A(7) Gen G & El A(8) Gen G&EI B(12) Gen Gas pt B(7) Gen Mills (3) Gen Mills pf ( Gen Motors (3). Gen Mot pf(7).. Gen Outdr Ad(4) Gen Ry Sig(5).. Gen Refrac(s).. Gillette S Ricb). Glidden (t1%).. Gimbel Bros. ... Gobel (Adolph). Gold Dust (new) Goodrich(4). Goodrich pf(7 Goodyear Tire. . Gotham H (23%4). Gothm nvi23). ; Gotham H pf(7). Gould Coupler A Graham-Paige.. Grhm-Paige cfs Granby (6). Grand F&W (1), Grand Unon. ... Grand Un pf(3). Grant W T (1).. Grt North pf(5). Gt Nor pf cfs(5) Gt NoOr cfs 2%, Grt Wn Sug 2.80 r,rx Wn Su pf(7) G uantanamo Su. Guantanamo pf. Gulf Mo & Nor.. Gulf Stat Sti(4). Hacknsk W(13%) Hahn Dept Stor. HahnDSpf6'4. Hanna M A (7).. Hartmn B(1.20)., HavEl Ry pfi6). Aersney Corp. .. Hershey pt(4).. Hollander & Son Hoe & Co A. Household Howe Sound(4). Hud Man(2%).. Hudson Mot(5). Hupp Motf2).. lilinots Cen(7).. Ind O & Gas (2). Indian Mot (1). Indian Refining. Indian Refg cifs Indust Rayon... Inland Stl (3%). { Inspiration (3). InterboroRapTr InterconRubber. Internat Agri... Intl Bus Ma (6). Int Cement(4).. Int Com Enge2). { Int Comb pr(7). Int Harv (2%). e Mich pt 3.20. Int Mer Harine. Int Mer Mar pf. Int Nickl of Can Int Paper(2.40). Int PakPoA2.40. Int Papr & Po B. Int Papr & Po C. Int Prig Ink 2%. Int Rys Cen Am. Intl Sait(6)..... Int Tel & Tel(8). Interstate D S. .- Intertype(tli). lowa Central. Island Creek(4) Celotex Co (3)... 0% Cen Aguirre(2). 4 Cent Alloy(2). 445 Century Rib M 174% Century Rpf(7). T6% 764 e T6% Cerro de Pa(5). 106} 106% 105t 1 ‘.l Certain-teed Pro 22% 23 22ia Corto (14)...... 82% 82% 82% 82n | Ches & Oh10(10) 21: 213 211% 213 C &0 Corpn(3).. 81% Sl Chi& Alton... 15 154 14% Chi & Alton pf.. 19% 19% ChiGreat West. 19% 19% Chi Gt Westpt.. 57 564 Chl MIL& St P.. 354 Chi Mil & StP pf 55% Chi & Nwn (4).. 87 Chicago Pn Tool. 30% 304 ChiPTpr(3%). 53 53 5 Chi,R1&Pac(8).. 130 130 127% 128% CRI&Ppf(6). 101 101 1004 100% Chickasha(3)... 45% 45% 45 Childs(2.40). 2 52w 54 Chile Cop (3%4). 92% 93y Chrysier(3) 98l 98% City Ice (3.6 59% 591 22 23 3 3% 3% 3% 131% 131% 130% ‘130% 48% 48% 48 48% Colos& Alkmn 54 54 b3% 53% Col ¥uel & Iron. 66 G6% 63 65 Col Gas & E1(5). 147% 147 143'5 144 Col Gas&El new. 59% 59% 59 59% Columbia Graph 68 68% 66' 66% Col Carbon t4%. 135 135 135% Com Cred(1)... Com Cristpf 6% 100 Com Cr pf B(2). 26% 26% 2 Com Inv Tr (4). 170 1704 170 Com Inv (war).. 5i% 51 61 Com Solvnts(8). 2264 2264 226% 226% Com Power(13). 113% 113} 1124 11215 Conde Nast(2).. 80 764 Congoleum-Nair 27 Cong Cgrs (5).. 82 Counley Tinfoll. . 1 Censol Cgrs (7). 89% Con Film pf(2). 2614 ConKRCuba pf 6 66 66 Comsol Gas (3).. 1041 ms-. 108% 104% ConsolGaspf(5). 991a 99% Consol Textile 4 4% Container A 2 204 1 b4% Coca-Cola(6) Cosa-Cola (A) 28 83% 1 90's wa ua Cont Bak pt(8). Contl Can (2%). Cont Insur(6)... Contl Mot(80¢). | Cont Motors rts. | Corn Prod t3%.. Coty, Inc (g2) Crucible Sti(6). CubaCaneSugar. Cuba Cane 8u pt Cuba Company. . Cuban Am 8(1). Cuban Am pf(7) Cudahy Pkg(4). Curtiss Aero(1). 667 84 % 87 58% 149 584 8% 147 149 145 Johns-Manv(3).. Jordan Motor... K C Po&LtB(S6). Kan City South. Kuufmn DS 1% . Kayser J(5). Keith-Albee..... Keith-Al p£(7).. Kelly-Spring... Kelly Tire 6%pf. Keis Hayes(2). Kelvinator Cori Kenneeott (8). Kinuey (G R) Kolster Radio. Kraft-Pho(1%). Kresge (1.60)... Kresge SS pf(8) Kreuger & Toll.. Kroger Gro(el). Lambert (17)... Lee Tire & Rub Lehigh Val C Leh Por Cmt 23 Lehigh PC pf(7) LehighVal(3%). Lehn & Fink(3). Lig Myers(ts) . g & Myrs B 15 TikkBer o, f.ima Locomt Liquid Car t4%. Loew’s (13)..... Loew’s pr(8i). Loft, Loose-W (1. Lortilard Co. Louistana OIl. LaOllpf(6%). Louts GasA 1.76. Ludlum Stl ctfs. Ludlum S pf 6%. Mac And(12.85). Me Call Corp(4) McCrory A(2)... McCrory B(2).. McGraw Hill(2). McKeespt Tin P McKes&Ro 1.60. McKsnpf A3% Mack Truck(§). Macy Co (€2)... Mad SqGar 1%. Magma Cop (4). Mallison & Co... Mallison pf(7) Mandel(24).... Man Elec Suply. Man EI m2g(d8) Market St 2d pi Marlan Ofl...... lurnn-Ru 13% n(s). May Dept S(4).. Maytag (12) Maytag pf(3)..s Open. High. Low. Close. 81% B8l 81% 81% 6015 60% 584 5BL 191 1904 67 240 250 2.!9'4 574 574 57 157 9 9! JI1R 17 684 68K 64% 177 197% 176 183% 183% 183 6678 67 5 3 33 152 152 13 3 57% bB8% 51\‘ 107% 107% 107% 84% 84w 83 14 16 14 5% 754 T5u 53 53% 53 1 1 1 34% 24 344 5 515 515 67% 67% 66% 60 60 5% A7% AT4% 574 46’ 48 467 6% 464 464 108% 1088, lm% s 1% 46" 464 1074 63 1094 109% 108% 53% 534 52 105% 106 104y 107 107 107 674 674 67 224% 226% 224 M 11% 11 86 86 85 1t 115 111 129'% 130 126 94 94 94 1M1% 111% 111% 854 8b%a K54 9 9T 9T 94 9% 8% 125% 125% 125% 50t 50t 504 9% 99 9Ty 76 16 154 115% 116 114% 384 424 56 66% 88 1144 114 1144% 118% 120% 118% 65 65 64y 641y 64% 64w 1004 1004 1004 T e Ta 45 45w 43 43 43 B8R 88% 874 814 8l 80 25 49 130 130 107 107 107 105% 105% 105% 34 34 33% B36% 36% 36% 116% 116% 116% ene Cana(6) 172' 172% 170% 4% % 50% 69% 0 69% 26% 26% 264 4T 4T 464 107% 107% 107% 95 95 31k 31K 56 55 64 b4 804 80% 18 184 18 18 % TI% 0% 704 bl 5l 831y 831y M Tin 140% uou 1407 i 5 50ty % ki3 50 517 831 69% 140% 30% 254 324 3L 32% 325 524 20% 3L 30% 125 125 5% 86 85% 51% B1% 51 52 52 50 126 124 11% 16 15 14% 157 157 155% 90% 90% 90% 94 9w 90 121 121 121 99 9% 98 894y 6% 4% A9t 2% 20% 1 89 6% 414 59 2w 29% 18% 13% 57 202% 204% 202% 80 8 20% 29% 1% 3% 58% 58% 58l 197% 201 196% 12% 12% 124 106 106 106 87 87 6% 31 3L 304 B0W ¥0% ¥0% 3 38 35% lllVo llfl 196% 12% 106 37 304 104% \ziw- 104% 102% 132“'. 128 103 132% 20 23% 1095 109 92 100 100 Al% 4% 3 % 108 107 % 108% 107% 45 45 73 T2 524 52 12'4 34 T 01! 14% 61 14% l!!“ Ifl2k 181 181 92% 93 92U 924 22% 22% 22% 224 424 42% 424 424 = \ Maytag 1st pf(§ Melville Sh 1.10. Mengel Co..... Midland pf(112) Miller Rubber-. .. Minn & St Louls Minn StP&SSM. M St P&SSM pt. Mo Kan & Tex. . Mo K&Tex pf(7) Missoury Pacific. MoPacific pf(5). Mohwk Cur 2% . Mont Ward 2% Moon Motor. Mother L (40¢). Motion Pic Corp. Motor Meter A.. Motor Prod(2). Motor Whi (2). Mullins Mfg. Munsingwi (3). Murray Corp. ... 574 | Nash Motors(8). Nash & Chat(7). Nat Acme (1) Nat Belias Hess. Natl Biseult(t7) Nat Cash Reg t4 Nat Dairy (33). Nat Supply (18) Nat Surety (3). Nevada Cop (2). N Y Alr Br(3). N Y Central(8).. N Y C & StL(6). N Y Dock....... N Y & Harlm(6) NYNH&Hart(4) N Y Ont&Westn NY Stm 1stpt 1. Norfolk Sou 213 . Nort & Wnu11v) NorAm blu%stk North Am pf(3). NorAm Ed pf(7) No German Lioyd Nortn Pac(3)... Nor Pac cfs(5). alk Tire... 011 Well Supply. Otl Well S pf. Omnibus. OppenhmCol (4). Orpheum pf(8). Otis Elev (6).... Ouis Steel. ..... Otis Stl pr pf(7) Owens Bot (e4). Pac Coast 2d pt. Pacific Gas(z Pacific Gas( r!l) Pac Lightg (3). Pacific Mills Pac 01l Stubs. ., Pac Tel & Tel(7) Packard (+3%3).. Pan-Am Petroim Pan-Amer Pet B Pan-Am Wn B., Panhandle Paramount-F-L Park & T11(33).. Park Utah (80¢). Pathe Ex. Pathe Ex(A Patino M(a3 . Peerless Motor. . Penick & Ford. . Penn C&Coke. .. Pena Dixie Umt, Penn R R(3%).. People’s Gas(8). Pere Marq (18). Pere M prior(5). Pet Milk (1%). Phila Co pf(3).. Phila& RC& 1. Phil Morris(1).. Phillips P (13). Phoenix Hosiery Pierce-Arrow. .. Plerce-Arrow D' Plerce Oil. . Pierce O1l pf..., Pierce Petrol Pilsbury (1. Pirelli of Italy.. Pitts Coal...... PittsFtW pf (7). Pitts&WVa(s). . Por RIcoToA(7). PortoRicoTobB. Postumi3). i Prairie O11&G: F'ra(rle Pipe (3). Public Serv 2.60 Pub Serv NJ rts, Pub Serv pf(6 Pub SE&G p1(8) Pullman Co(4).. Punta Aleg Sug. Pure Ull (1).. Purity Bak(3) Radio Corp. { Radio (new). Radio-Keith(A), Radio-Keith rts. Rund-M(a1.52) dingRy (4) Reading 1st(2). Reading 2d(2).. Real Silk Hos. Reis(R)& Co. Remingtn-Rand. Rem-Rd 18t(7), Reo Mot (11). Rep 1 & S(4). Reynolds Spnga. Reynolds B new. Richtield oum RXOG o1l . P1). Koynl Dul 222). Safeway (3). Safeway pf (7 St Jos Leaa\1¥). StL & San Fr(8) StL&Sank pres) StL&Southw Savage Arms(3) Schulte (J3%).. Seab Air Line. Seab Alr L pf... Seagrave(el.20). Sears-Roe(32%) e DE ttuck FG(2). s ell Un(1.40). Shubert The(b). Simmons Co(3). SimmsPet(1.60) Sinclair Of1 (2). . Sinclair pf(8) Skelly Oi1(3 Snider Packs Co Snider Pkg pt So Por Rieo(2 South Ry pf(5). Spang Chaifnt.. Spen Kellog 1.60 Spicer Mfg. Spiegel Co (3).. Stand Com T(1). StdG&E (3%) StdG&E pt(4). Std Milling (6). Std O of Cal(13) StdOIINJ(t13%). Staniey Co. Stewart-War(6) Stromberg (3).. Studebaker($5). Subniarine Boat. Sweetof Am(1). Symington Cl A. Tenn Copper(1). Tenn Cop (rts). . Texas Corpn(3). Tex Corp tull pd TexasGultSul(4) Texas & Pac(5). T&P C&0(b2%) Tex Ld Tr(new) Thatcher Mfg. .. The Fair(3.40) The Fair p(7) Thompson(rts). Tidewater AsOil TidewatrO(80e) Timken Roll B, . 1044 190 15% 12% 18% Y% Bb7% 57% 3 165 18% 18% 21 45 110 % 1043 191 32 1954 181 1214 2% 15% 12% 187% % 58 57% 73 165 18% 18% 21 45 110 % 62% 25% 26 2% 39 30% 43 15% 124 184 W 57 b 2% 165 18% 17% 2 45 110 % 32 UM% 4% 18% 137 80% 381, 69% 58y 564 20% 4% 184 189\ Vt 7% 165 1010 STOCK PRICES SINK IN HEAVY SELLING Slight Rally at Close Fails to Offset General Losses. BY GEORGE T. HUGHES. % | Special Dispatch to The Star. i . NEW YORK, February 16.—At last thoroughly alarmed over the determi- nation of the Federal Reserve author- ities to check speculation, the Stock Market broke sharply today. Right at the start stocks were thrown overboard in huge volume, apparently regardless of price. Practically every active issue opened at substantial losses, not so great in matter of points as has been seen in many other weak markets, but signifi- cant in view of the fact that the de- clines were measured from the lower level at Friday's close. The result was that new lows for the current reaction and in some instances new lows for the vear were reached all along the line. Extent of Break. An idea of the extent of the break may be had from the subjoined table showing opening prices. volume and net loss from Friday's close: Volume. 4.000 10,000 10000 Prjce. Decline. o 3! 7 5. 1490 5. X 5. s, 000 Beare Roeouck For a brief period after the opening sure was renewed and the losses in- creased. At the same time the decline was orderly, remarkably so. Radio at 340 was down 16 points. Johns-Manville broke below 200 for a loss of some 5 points. Westinghouse | Electric at 145 was off from 3 to 4 points. Wright Aeronautical under 260 was down over 6 points. Much larger losses might have been seen were it not for the extent of the short interest. Pool stocks naturally suffered the most. Inernational Combustion dropped nearly 6 points at one time. The pub- lic utilities were lower, but American & Foreign Power which has been the leader in this group all week, was well supported on the decline. Oils were relatively steady. Motors Resist Trend. show of resistance. General Motors opened with only a fractional loss, al- though {t sold lower subsequently. Hud- son was not down very much at the start. Packard and Hupp were weak. An interesting feature was the way in which the railroad stocks came down with the industrials. Pails have not been the object of extravagant spec. ulation for the rise and the explanation of their weakness was that they were being liquidated to protect other hold- ings. Pennsylvania, for instance, went to a new low for the year, plainly from this cause. The same was true of }iew Y?;’: Central. iere was a slight and irregular rall at the close. Baltimore & Ohio left ofl with a net gain on the day. Steel sold above its extreme low at the end, but | Radio was down 21 points on the last sale, American Smelting down 3 points and Montgomery-Ward down 5 points. Kennecott left off unchanged, while Anaconda was down over 2 points. | Trading was heavy throughout the ses- sion. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (or ar). today. 34, f‘a 34.88% 193 ‘ogsds ‘2312 0523 Londen, pound. Paris, frane Brussels. bel Prague. crown ¢not s . | Warsaw, zloty crown’.. Stockraim,” Open. High. 93 93 107 107 9% 40% 24 52% 514 104 34% Tobac Prod (8). Tobac Prod A(7) Transcont Otl. .. Trico Prod(2%) TruaxTraer C. .. Truscon Stl 1.20. | Twin City RapT Undwd-El F (4) Un Bag & Paper. Union Carb6).. Un Ot Cali2)... Union Pac(10).. Union Tank(6).. Utd Biscuit 1.60. Utd Cigar 8t(1). Utd Elec Coal... Utd Frutt(16%). US Cast Ir P(2). US CIP 1st1.20. USCIP 2d 1.20.. U 8 Distributing U S Hoftman (4) U 8 Alcohol (). U S Leather. U S Leathr A U 8 Lea pr pf(7) U S Realty(4) a SRuthl’. Unl Pig 1st pf(8) Univ Pipe & Rad Utll P&L A(e2). Vadasco Sales... Vanadium (14). Vick Chem(4)... Victor Talkg(4). Vietor pr pf(7). Va-Caro Chem. va-CarCh 6% pf. Vulcan Detin. . . Vulean pf A (7). Ward CI /ul) . Ward Baking B. Warner Bros Pic ‘Warner pf(2.20) Warner-Quiz)., Warren F&Pipe. Web & Hell..... Web&Heil pf(7) Webster-Eis rts. Wesson Oil (4) W Fenn El pf(7 West P Po(6) West Dairy B... West Maryland. West Pacific. ... W U Teleg (8).. Westhse A B(2). Westinghse(4). Westhse 1at(4). Weston Electric. Weston A(2).... White Eagle(2). White Mot(1)... White Sew Mach Wilcox Oll & G.. Wilcox (A) 2. Wileox Rich B. . Willys Ov e1.20. Wilson & Co.... Wilson Co pf A Woolworth (6).. Worthn Pump. . Worth Pump(B) Wright Aero(2), Wrigey ((13%). Yale&Towne(4). 63 Yellow Truck. 36% 364 35! 3 Young Spring 57% 574 56} 564 H?§?=nnm 88 given in the -E“ 197% 5% 80 287% K the market steadied and then the pres- Some of the motors made a [ood‘ NEW YORK, February 16 () — Stocks weak; radio breaks 16 points: curb weak; Deere drops 20 points: bo easy; convertibles lead declin exchanges easy; Canadian dollar slumps further; cotton higher; week end cover- ing; sugard lower: increased spot offer- Ing]n coffee easier; commission house selling. CHICAGO LIVE STOCK MARKET CHICAGO, February 16 (United States Department of Agriculture).— Hogs—Receipts, 20,000 head: mostly steldy with Friday's average top 10.35 id for around 200 pounds; largely, | 10 10810.25; market for desirable 170- | 1320 pound shippers took 5.000; hold- overs, 3,000; butchers, medium to choice 250-300 pounds, 10.00a10.30: 200-250 pounds, 10.00a10.35: 160-200 pounds, 9.75210.35; 130-160 pounds, 8.85a10.25: packing sows. 9.3529.90; pigs, medium to choice 90-130 pounds. 29.25 Cattle—Receipts, 300 head; compared to a week ago better grade fed steers and long yearlings 25a75 lower; rough heavies off most on a decline which hit all heavy steers hardest; light year- lings, especially kinds Sfl“n. over 800 pounds downward, 50 higher; largely steer run: fat cows, 25 lower; better grades showing most decline; cutters off 25. bulls, 25850 off: vealers largely steady’ decline in steers uncovered new low prices and the heaviest losses to finishers on the current crop; many weighty steers 2.00 under original cost as feeders and basic conditions such | as dressed beef trade hide and potential cattle supply to run at once remained bearish; extreme top, 14.25 pald for yearlings; best heavies, 13.85; bulk 11.00a12.50; all slaughter steers and yearlings around 11.50. Sheep—Receipts, 3,000 head: for the week, 41 doubles from fed lots, 29,500 direct; shipper demand light; yard traders operated sparingly, quality of supply plainer; compared with the close |last week, fat lambs largely 25 lower; | aged sheep fully 25 off. Top prices for the week: Fat lambs, 17.35 early; year- | ling eaters, 14.50; fat ewes, 9.50; bulk | prices for the week, fat bs, 16.00a 16.75; yearlings, 13.00a14.50; fat ewes, 8.2589.25: feeding lambs unchanged; | bulk, 15.00a15.50; Iew loads of Westerns, | 15.75a16.00. Baltimore Markets | Spectal Dispatch to The Star. BALTIMORE, Md., February lfl— | Potatoes, white, 100 pound.1 1.00a H new potatoes, bushel, 2.00a3.0 :w-er potatoes, barrel, 1.50a3.50; bushel, 7.’2& 1.65; yams, barrel, 1.75a4.00; beans. bu.shel 2.50a5.00; cabbage, hlmper. 1.00 | | 81.35; carrots, bushel, 1.50a1.75; celery, | crate, 2.00a3.00; cauliflower, crate 1.50a 2.00; eggplants, crate, 4.0086.00; kale, | barrel, 1.75a2.00; lettuce, hamper, 1 2.00; onions, 100 pounds, 3.50a5.50 oysterplants, 100, 6.00a10.00; parsnip: basket, 75a1 peas, bushel, 2.50a3.00: peppers, crate, 200a4.00; spinach, | bushel, 1.10a1.25; tomatoes. crate, 1.00a | 3.00; turnips, basket, 50a60; apples, bushel, 7512.00; cranberries, haif bar- 00.1000 grapefruit, box, 2.50a per half strap, 1.50a 250: ora: m, box, 2.25a3.75; strawber- | ries, quart, 35a45. Dairy Markets. Poultry, alive—Young turkeys, pound. 35a43; old, 25a35; young chickens, 31 242; small and poor, 20; old hens, a32; Leghorns, 20a30; capons, 33i 42 old roosters, 17a20; ducks. 20a32; guinea fowl, each, 40a85; pigeons, pair, 30a35. Dressed—Turkeys, young, pound, 35 a45; old, 25a35; chickens, young, 32a 36; old and mixed, 28a32; capons, 34a 44; old roosters, 20; ducks, 25a30. Receip! cases; native and nearby fizsts, free cases, 40; current | receipts, 34a38. | Butter—Good to fancy, creamery, pound, 47a52; prints, 52a54: blocks, 51 a53; ladles, 34a38; store packed, 25; rolls, 25a28; dairy prints, 25a28; proc- ess butter, 41a42. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, zlrllcky spot, 1.39% ; Corn—No. 2 export, February delivery, i § No. 2 yellow, domestic, spot, | 1.12; cob corn, 5.2585.50. Oats—No. 2 white, domestic, spot, 61a 62; No. 3 white, dcmestlc, spot, 59a60. 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, a 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. oo-noo per ton. Hard Coal Shipments. NEW YORK, February 16 (#).—Jan- | uary shipments of hard coal totaled | 5,811,972 tons, an increase of 1,288,833 tons over the January, 1928, total, the Anthracite Bureau of Information re- ports. NEW YORK BANK CLEARINGS. NEW YORK, February 16 (Special) New York bank clearings, $1,969,000,000 New York bank balances, 3175000000: New York Federal Reserve cred! ances, llu 000,000. PABKS xomz PRICES. PARIS, February 16 (#).—Prices were easy on the Bourse today. Three per cent rentes, 71 francs 50 centimes. Five per cent loan, 97 francs 45 cen- times. Exchange on London, 124 franos 27 centimes. The dollar was quoted at 25 francs 60% centimes. phisii R - BALTIMORE STOCK MARKET. Special Dispatch to The Star. Baltimore, February 16.— KS. Last gale. 1 Gonsolidated G 2 100 Eastern Roliing nm- "com’ lity & De, a1 113 New” Rmeterdam. Gas tric 1st 4s_63 In Nearby Virginia 5% i, Commouwealth Investment Co. 917 15th 8t. N.W. Main 3623 Money to Loan Secured by first deed of trust on real estate. Prevaill Mortgage ney Lolned At Low Interest Rates Tyler & Rutherford Representing Matual Benefit Life Ins. Co. 1520 K Street Main 475 WAN TED Resident Physician and Dentist at the Maycroft Apartment 1474 Columbia Road Near 16th Street Apply to Resident Manager or T. B. LAWLER FINANCIAT.T COTTON IS STEADY. NEW YORK, February 168 (#).—The cotton market opened steady today at an advance of 6 points to a decline of 1 point. Most months were higher in sym- pathy with relatively firm Liverpool cables. The advance to 20.06 for May and 19.45 for the new October contract met considerable week-end realizing, how- ever. The action of the stock market seemed to restrict buying and bring in some Wall street liquidation. Prices eased off under these offerings. May sold down to 19.99 before the end of the first half hour, or back to about yester- day’s closing quotations. Private cables reported covering, trade calling and scarcity of contracts in Liv- erpool, but complained of a poor turn- over in cotton clothes and yarns and said order lists were running down. Cotton on shipboard awaiting clear- ance was estimated at 159,9¢ bales, against 120,400 last year. Futures closed steady, 6 to 9 points higher; March, 20.00a20.01; May, 20.06a 20.07; July, 19.71a19.73; October, 19.50; December, 19.50. Spot quiet; middling, 20.25. First Mortgage Laoans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. i Consult Us Kirst | If you need momey for your Real Estate financing ? let us have your application | today. | P et | I The Commercial National | i Company Tneerpersted Pald wp Cash Canftal, 5000000 Plttsburgh Securme: Inq s Invited Bought—Sald—Quoted EDISON GARLAND & CO. 1002 Natiomal Press Bldg. Metre. 57712 TREASURY CEBTIFICATES. (Reported by J & W. Seligman RateoMarurity. e Bld SEORT TERM SECURITIES. (Reported by J. & W. Seligman & Co) Allis-Chalmets Co. Ss 1037 ' We Relieve You of Annoying Details —in connmection with the management of your prop- erty. You can readily um- derstand that with our ex- perience and our organmiza- tion what advantage it will be to place it in our hands —especially Apartment Houses. B. F. SAUL CO. Main 2100 925 15th S¢. Ay & Co. 5ias 19 BAfvon Er St Bostan 4123 1030 Gen. Mot. Accep. Corp. G 199 General Pet. Corp. 1 2. h Corp.’ 5; 1947 97' Oregon Short Line 45 Yo FIRST TRUST NOTES to yield 6'%2% In Amounts From $100 Up WARDMAN 1437 K Street N.W. Main 3830 FOR SALE T0 CLOSE AN ESTATE Barr Building, Nine Hundred and Ten Seven- teenth Street Northwest, Washington, District of Columbia Bids for same will be received at private sale by the undersigned trustee on March 23, 1929, at 10 o’'clock A.M. at the office of his counsel, as undersxgned All bids subject to approval of Court. Certified check for $10,000 must accompany bid. Harold C. Smith, Trustee H. Winship Wheatley, Attorney for Trustee 1010 Vermont Avenue N.W. Washington, D. C. 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 (O MORTGAGE BANKERS 727 15 STREET N.W, 16 Jackson Place Main 864.865 WASHINGTON D.C.