Evening Star Newspaper, February 17, 1929, Page 35

THE SUNDAY STAR, WASHINGTON, D. C, FEBRUARY 17, 1929—PART 2. - T BANKS ARE READY O EAR 1929 T DATE | Brought Out in Nutshell by Statistis o b e (Reported by W. B. Hibbs & Co., Hibbs Bullding, Washingtor, D. C.) Special Disvateh to tar. figure for the same month of last yean hmumfl:mmumflummm SALES GOCORAING M TS WASKINOTON SFOCK RECHARGE Fob. 160 66 70 als | | BW YORK, Sebrusty 16, 1908 after having established a record- o T, INCLUDING FRIDAY, PEBRUARY 15. m.';hh w.l.: Last Week. BONDS. A Stocks (average of 50 issues) 24140 238.64 247.02 4 Buyers ities! 5 ton last month was A pRLos. Y of Sound Securities - W 22,016,010 aln'lu h%!;rlm hu;ud. r:nuo mnr Sl i { . Low. Close. maturity, This Week. Last Week. o ,663. report Anacostia & Potomae River R. R. st 1 Ll . Bonds (average of 40 issues) 89.53 89.75 Declared Safe in Heavy * As shown § m ;aw. er Co. This f:rr’:ponu n‘: 55, 1047 . 1 % | Forelgn bonds (average of 10 issues) 105.41 10575 t M. “Moone, . »|ber and 18,655,125 hours in January,| 100 ©. & P. e 103% This Week. Last Week. Year Ago. Stock Selling. tima . 1038, o 8 % "% 3ion |Federal Reserve ratio............ S e O .3 4.0 S e—— the b s et Georgetown Gas Light 1st 981 . . P P L .90% This k. Last k. Fed 4 $672,16247, Reports by the Chesapeake & Poto-| 3,000 Potomac Electric Power 1st i 6 Wiigy | AT TR e N X O - -~ BY EDWARD C. STONE. — mac "-Pmpm’m. Co. show that in the | 11000 Petemas Eieetrie Power oon 4 G Call . & . S -9 ‘Washington bankers expressed keen Bank clearings thln:wn in | past month there were 151,285 tele-| 11,500 Potomac Electric Powe; g Y Time . 1% 7% to % nterest yesterday in m:tvher possible igure was 94.5, and January were more than $15,000,000 | phones in use as of January 31. This| 30,000 Washington Gas Light Month of Month of moyes that the Federal R&"”fin w ] .l'n'm‘%:x ;.ln N ey, ::‘m Mm"h:: jotal Tor the coerespond. A:%rzr.up%ndl w';rmst In use January, | 28,200 Washineton Gas Lisnt e oin, 1929, Deco1038. Jan. 1938, may e curb speculation - miv J mont according g e uring mon g g ‘Washington Gas Light se: 6s, 1038 Y L . n| steel orders. . 3 5 g s 3 Street. Bankers Bearing out — reports, complled PR sge number of originating local calls Washington Railway & Electric cons. 4s, 1061 2 2 Y Pig iron production... 111,044 108,912 92,573 here seem Christmas - day was 664,306, as compared with Washington Railway & Electric gen. 6s, 1033 4 p { : v & ik “w 340% | Buildin its: that the bom i month's total was m,m for January, 1928 MISOELLANEOUS. Numb‘erpzm P IR Batber & Ross, Inc., 8%, 1937 . . B8 o e 4 o oars CHECK TRANSACTIONS Bintae Ders e e i 111 O S e it ers MM WIS S Club 1st 2 mmerc] lures 3 . reports) : res b WASHINGTON CLEARING HOUSE T e ¢ » Number . 2, 1,043 2,643 ly turnover in 1028, 1021, 1928, ‘Washington Cons. Title 6s. 1081 . Liabilities $53,877,145 $40,774,160 $47,634,411 New York stocks 3 1925. 1929, b would be greatly - 5 $04, $100,563,616 $112,853,440 $117,074,063 $114,408,832 $129,436,201 Washington Mazket Cold Storass bs, . :35% | Revenue car loadings Week of Feb. 2, 1929. Previous week. Year ago. reduced and bro- s 49,776 88,455,424 93,021,870 ,026,075 103,348,052 108,495,524 STOCKS. All commodities. 946,89 926,188 926,262 kers' loans lowered i 55 120,498,787 122384990 e i % Grain and grain % 8 in proportion, ale d o PUBLIC UTILITIES. value. h N e . al an coke. though local finan- A 101,408,088 5,201 118,068,666 123,796,402 1020 Oapital Traction .. y . ciers _agree _with % June 101,208,131 03,703,000 128,361,071 126,030,689 Potomas Electrie Treasury _officials 90,996,351 00,070,204 122,875,468 121,511,514 - 108,600,049 114,273,668 Potomae Bectrie Powst DI, ... that it is not pos- 81,618,568 9 103,580,805 107,040,844 Washington Qa8 : sible to stop specu- 84,064,271 104,879,380 113,117,412 Washington Rallway & Eise. com. lation. It 18 held October 94,922,808 116,881,774 137,660,608 Washington Railway & Elec, ptd. that speculation in jyomn w. pore. 93,476,020 ,088,384 118! 134 122,706,244 » stocks can only 97,234,378 111,728,281 137,262,714 ¥ > ks can only be 3 28,28 27,262,1 129,981,412 oot Local bankers pointed to some un- 1,103,168,07¢ $1,167,398,426 $1,308,278,002 $1,302,560,951 : : i4e [0k 1133 Ko\ 3 yeow, domeic sout: et DI it s 074 $1,167,00,426 $1,383,276,002 $1,302,5 b : e | EioaLi eob o 8006550 pr bartel; vestors, se investors have made : . h &, domestic, spot, 4 X 62; No. 3, white domestic, spot, 50a60; urchases through their banks of what Al P1 Fiey cansider to'be sound stocks.. They POST. RECEIPTS ANIES. rye nearby, 1.10a1.30. me"\ put up Hme d;'?nn(" eorfium for Reported by Fiseal Years Amoerican Security & Trust ..... v % s W o s— et = made; daily i Wethiagton and every 1923-24 1024-28 1928-26 1928-21 1928-20 Jarchadie BAAL 4, Trost ! . CURB STOCKS DROP. | there int any hell what WP Te- e aen s e How wonecing | Aug Toideise levasods Mehorid “NOotsi1 CIUShss ‘3ovaovae unteres Unlom Truk 11 : 4 o ST ligious hatred?—Portiand Express. of securities are now wondes " E )’ .. ) . J o if they will be forced to sell thess stocks 204,733.56 ; 33661099 67 44780414 00 469,25028 : Aore . ENAn: Nsomes of Tutuah Tovely #t o loss because of Reserve Board 381,621,390 469,513.11 77,321 00 545,640.13 4 Record Low Marks. action, 348, 300,589, 3 417, 404,103.07 Bankers here take the view that “ s 28288 686,800 38 12,1647 . NEW YORK, February 16 (P— 8173 4 5! 480,863.7 Moré than a score of stocks tobogganed The Guaranteeiny Trade Mark Satisfaction 117,857,183 1aamaeo0 397,809 476,485 oouiite "o whiGS. the Boiee: ”::n.; LT 30908 . 3 6. el sec on lers 3 .4 2 3 . ° . have made loans through their banks. 389,845, . 414,944, X 537,486.10 %0 1 to new low levels for the year on the ‘These financiers do not believe that the m;l . X 428,539.15 . 498,290, 8086,543.44 National Union Reserve Board is aiming st any such Y 478,904.63 384923.20 4987 470,110.35 TITLE INSURANOE. legitimate investing, and call attention 7,190, 337,25078 373,644.07 447,490.35 Gslumbia ; act e rve con- ———————— ———— e ————————— — Re _ Y 4 uses the word “speculation.” $4,142,008.16 $4,520,031.21 $4,750,734.06 $5,204,316.18 §5,120206.31 $5,860,378.18 Whihingun Gana: . . e T g Protect Your Bscrve Boare has muds 0 SeAF states Stati serve made no sl - ion & fent Seganding aich loans, the reply KILOWATT HOUR OUTPUT FOR DISTRICT e v e [ tationery doubt considered unnecessary. The POTOMAC ELECTRIC POWER CO. Ohestnut Parms mm’ B s, 15 was S0 1923 1924 1925 2 1928 1929, Coumbia Sand & ar As one bank dent said, “It has bruary ,280, X . C. . Co. comt 55 be sousiBered destrablé that the 9480873 628, 10900800 1403846 8 18.472.005 securities of corporations be s 10,611,330 3,008,484 3900862 16266108 18,031,884 widely distributed as possible.” As long 11,211,327 1 as the Reserve Board confines its state- | June 11,842,040 ments to n and the huge sums | July 10704374 12 15,248,254 of money involved in the New York call 12,221,674 13,01 5 15,676,137 loan market, local bankers expect to 11,607,167 15,618,508 take care of their customers and make 284,223 11,047,803 Ho 15,713,113 loans on sound securities. They will, 0,680,781 11,348,778 13,887,687 15,81 however, continue to urge caution, as 11,062,409 12,183,606 14,554,881 16,442,708 19,030,148 oy Bane o e they onelaer 137 » Th b ¢ b ! tonishi te o reralit, uch aavice s always 81 TELEPHONE SERVICE IN DISTRICT T 2 Kirpane. snares were neavy. Pheios | vajuable letter heads and ¢n- By the Federal Reserve Board. CHESAPEAKE & POTOMAC TELEPHONE CO. \ |W velopes reaches startling pro= “More Banks Than Bankers.” Number of Telephones in Service 800 Commeteial O . portions, if one takes the 23 Giscasing (e Qemad 2or yrolts, 1924 1928 trouble to “check up” It .J?III‘:W- Pole sald to ‘hfi%filflw :g:m ll{':fl.: n‘l 128128 Iodee 1 7 o::::‘m- 18t pta. RK, isn’t unusual for a letter head 4 110, 120,544 145.379 Deparimental Bank . bt e to cost a penny. :‘:}hm““":::‘ ;i motion picture Save your office stationery ‘ and cut down the deliberate very light receipts the market holds %mm leading waste. B ?"“"“m oy mu&nfl:‘f 3 “m“fi:“ This special Cabinet looks 12 hibition tn‘!flm-ug& that country. Euro- well on any stenographic desk L’t‘ mm - M,mm' ahd inspires neatness and care. (-~ o Its cost is saved many times over through what it saves you. new low level O. Smith dro] ‘Wheeler 1029 at IO,:I“O:IOL v Merchants' Transfer & Stg. com.. & 53333333 3333 118,767 126,501 143,585 150,360 uarias Bloodsnls o Tho: s, - i BALTIMORE, Md,, Fel 18—De- 344, 684,308 | oredse. ana supplles. of i1 fsi 1T 334 g8 B SALES INDEX OF DEPARTMENT STORES DISTRICT OF COLUMBIA Aversge Monthly Sales 1923=100 pait i gl i g g ; § £ 1028 8154 o i S55283553538 anabvworww spEssaa Sgn E - s it e 28UBBS arraOow~Os P 002D I S8 382 peets +¥ o t=3=4 §.-.- i T e e - IS | d 8 d for old D:nm for TAX COLLECTOR POPULAR. | 284,31, %05 ek e People Run to Him With Their Money. LONDON (#)~~The tax collector is £ 352 ie i SEE MENACE IN DRUG. French Try to Otulaw Mexican 18 reced| it e gain ofp e, Preceding Week | GENERAL BUSINESS ACTIVITE tor the soustsy tndicated by bask debiks ontalde Now ke week & year ago. Seerions reate sk ress ndiesia destines trom sads'weeks 13 months sorier. | PARIS (P).—Sclentists af - Soa. HERE'S no doubt in the doctor’s mind Bankers en Spotial ‘Commitise, ACTIVITY BY FEDERAL RESERVE DISTRIOTS. LR ) when he prescribesit; or the nurse’swhen 3 Dr. Rounie the she gives Bayer Aspirin. Twenty-eight TR Y s L tribunal of hibi ¢ o % Al W s ::‘ & years experience has taught the whole world 5, G omnercs Ry e . ; Bayer Aspirin is dependable! It’s safe in any- es D." Boyer, 3 body’s hands; it h: ill eff It al s D, Boyer, Fed J e y’s hands; it has no ill effects. It always A ¥ Business in (¢hecks cashed) . . . e wmrg—w tasen Upward ?.‘u‘"&"’fi&“fi. helps; it never harms. So it’s folly to suffer GCI&[I::CR‘: - R ad quaity. from any of the discomforts Bayer Aspirin re- | 1, gayer Cross on m?y o baanos of Gutside buy- i lieves so promptly. Itbreaksa cold in a hurry; sl g oy sk e = "‘%“u‘: 1% lJower dispels headaches, no matter what's causing | the box, and the word genuine the week 3% "to 34 A i : b s Ao 2 printed in red. 265 May, 130% 4 La1; i, them; eases sore throat or tonsilitis whea used o '2: s Sands ; asa gargle. And how quickly it relieves the ¢ o::.:.: ufid% ;2:‘;;:" and ;| painsand aches of neuralgia, neuritis, rheuma- i 4 Common Stocks in Trusts. 3 Bankers found much food for #hought in the address of C. Alison Scully, vice president of the National Bank of Commerce, New York, at the trust conference in that city. Regard- ing “common stocks as trust invest- ments,” he said in conclusion: “The public who are the customers | way representative and of the banks and trust companies not | indefinite category of only request, they demand that trustees | stocks, the cases disclose & . under wills and deeds of trust avail ttitude on the themselves of the advantages which oourta’ A gl 3 : P 0% tism, or the systemic disorders so many women Provisions were weak with hogs and N . . . wrain, experience! Proven directions in every box. Bayer is genuine Aspirin. So be sure to look for the name Bayer. HH I France Orders Tugs. SRPCs & Ensiheerio Oy seecmen g mm"?fmm:p%mu United States Army has 17,000 motor | 600 horsepower, In addition, ordered one of 2,000 o g 8y E it §55 ¥ gt Alg:fill is the trade mark of Bayer Mnuhmr‘o of Monoaceticacidester of Salicylicacld Iy §4 3 dia