Evening Star Newspaper, February 18, 1929, Page 14

ANCIAL, PGSHESTAN | NEW YORK STOCK EXCHANGE ON EXCHANGE HERE Whiting Reports Business Sound—American Ice Earnings Up. BY EDWARD C. STONE. ‘The motor pushing the wheels of trading on the Washington Stock Ex- change started the week in second gear, today's turnover being moderate and prices about ° where they left off Baturday. Potomac Electric Power 515 per cent preferred sold ex- dividend to the e: tent of 50 shares at 108%;, while the same corporation’s 8 per cent preferred came out at 1113, ‘Washington Rail- way. & Electric pre- fegred, also ex-divi- dend, moved at 983 on s 30-share turnover. Chestnut Farms Dairy common opened with 10 shares selling at 219 and 10 more shares going at 218. Columbia Sand & Gravel preferred again sold at 95!2. Mergen- thaler Linotype figured in two 50-share sales at 10415, 0ddly, the market opened with a 20- share sale of Capital Traction at 1067 and closed with five shares of the same isfue selling at the same price. The orly bond sale was a $2,000 turnover in’ Georgetown Gas 5s at 101'5. inston Monotype is now quoted ex- dividend. The recently announced ex- pansion plans have strengthened the issue, it being quoted today at 123 bid and 130 asked, although no sales were recorded. Washington Gas stood today at 111 bid and 120 asked. Whiting Calls Business Sound. Becretary Whiting of the Department ,of Commerce expresses confidence in the present business situation and sees {indications of gratifying progress in ¥ immediate future, He reports pro- iduction and distribution by manufac- turers as being maintained at steady dnd generally rising levels. ' A survey of the United States Em- ployment Service shcws relatively few persons in the United States were with- qut work in January, although inven- tory taking, bad weather for outdoor labor and the annual dull season in some industries curtailed employment ih a few parts of the country. Some increase in employment was noted in both anthracite and bituminous coal mining. Automobile factories, after 8 seasonal lull in December, have begun increased production. * Less time than usual was taken for the post-holiday inventories this year. Many plants, after granting their em- ployes brief furloughs, placed them on fi pay roll again before the end of . R. Jesse Chaney. “#American Ice Earnings Grow, ‘The American Ice Co., which does a large business in Washington, reports a :stepdy gain in earnings during the first nine months in 1928. The following is ‘s n of earnings after interest, .bub .before depreciation and Federal for each of the first nine months 0£:1928 and 1927. Il£a:‘1_' . March July . August mbe: mmnnem total... {New Reserve Move Unlikely Now. ‘Wall Street Journal, which keeps close to t&e1 financial pulse of the colintry, says today: ‘Culmination, at least temporarily, of move by Federal Reserve official which started with the warning agal spbculation February 7, is seen in the arnouncement of action by the Federal Council. The Reserve system stated its position, and the probabil- is that the near future will see only wucd pressure along the line indi- namely, by discouraging of specu- lafive loans by member banks. How much pressure the system will exert is Sevelopments might at any time force elopments might at any time rnqmn in the system to abolish the 15 of 1 per cent rate differential which now exists between them and the t, for instance. That possibility has existed for several months.” © Reserve Income Up $21,000,000. §4,616,104 3,691,196 [Farnings of the 12 Federal Reserve | B banks in 1928 ‘were $64,053,000, an in- crease of $21,000,000 over the, year be- fore, the Reserve Board annotnced to- d‘zllleo there was little change in cur- rent expenses the net earnings of $37,- 148,000 showed a corresponding increase. fese increases were attributed to the fact that the combined holdings of bills and securities were about 30 per cent larger in 1928, and bore an average rate of return of 4.24 per cent, as com- pared with 3.60 per cent in 1927, owing to the higher levels of discount and operi-market rates prevailing last year. |c, * Heard in Financial District. Ci ‘The Chesapeake & Ohio Railroad has | ¢ . declared the regular quarterly dividend of $2.50 on the common stock and the regular semi-annual dividend of $3.50 on_the preferred. ‘The American Railway Express has declgred the regular quarterly dividend of $3.50 per share, payable March 30 to stock of record March 15. R Jesse Chaney of the Commercial Natfonal Bank was receiving hearty congratulations today on the success of the annual dinner of the Washington Credit Men's Association. Mr. Chaney was ghairman of the committee and did much to bring about the largest attend- ance and the most interesting meeting of the kind the association has held. ~ Bank Cashier in Florida. ‘Walter W. Marlow, cashier of the Becohd National Bank, has reached Or- landp, Fla., for a rest, following his re- centjattack of pneumonia. Charles B. Lyddane, vice president of the Federal-American National Bank, has Teturned from 10 days’ outing in Florida. District Grocery Stores, Inc., has voted to have its third annual banquet in March and made Fred Kogod, the treagurer, committee chairman. Adceptances were pouring in today upon the committee in charge of the A. I B. gathering at the Willard next Saturday night. At a recent meeting of the Central States' Edison Corporation Floyd W. ‘Woodcock of Philadelphia and J. A. W. Iglebart of Baltimore were elected to the Board of directors. New Broker Ruling. NEW YORK, February 18 (#).—Sev- eral” leading commission houses have been insisting that lots of less than 50 shares of stock must be paid for out- right, Many small holders, unable to eneet this requirement, have been forced to sell all or part of their holdings. This liquidation is believell to have been one source of supply in the recent selling. .filectricnl Equipment Orders, NEW YORK, February 18 (#).— Orders for electrical equipment both forcentral station and industrial serv- ice Jare reaching high levels, especially in Zthe East, says Electrical World. | There is strong demand for cable for underground service and for overhead iransmission wires, THE EVENING STAR, WASHINGTON, D. C, MONDAY, FEBRUARY 18, 1929.° Open. High. Low. Clo: 46% 47% 46% 4T% B4l B4l Biu B4y 400 398 400 31% 381% 58 564 58% 58% 4 3% 104 10 9% Abitibl Power. Apitibt Po pf(8). Adams Exp(6).. Adams Millis(2) 1% 104 9 M Th Th 22 201 22 3 29 30 & 101% 101 101 280 275 280 167% 167 2% 2 31 30 18% 18% 63 62% Ajax Rubber. Alaska Junea Albany Papr(2). Alleghany Corp. Alleghany A 5% Allied Chem.... Allis-Chalm(7). Allis-Chalm rts., Amerada(2).... Am Agricul Chm Am Agri Ch pf.. Am Bank N(13). Am Bk N pf(3) Am Bosch. Am Br Sh(J1.! Am Brown Bov. . Am Brown Bo pf Am Can (t4).... AmCar&Fdy (6). AmC&F pf(7). Am Chicle (2).., Am Drug (60c).. Am Encau T(4). Am Express(6). Am & For Pow. Am&FoPo pf(6). Am&ForP-pf(7). Am&For P 2d 7., Am Home Pr(3). Am Ice (1234)... Am Internatl(2) Am LaFr&Foam Am Locomot(8). Am M&Fpf ew 7. Am Ma & Fy(4). Am Metals(3).. Am Metals pf(6) Am Nat Gaspf 7 AmP&L (11).. AmP&L pfA2i;. AmPo&Lt pf(6). AmPELDT sta 5. Am Radiator(5) Am Ry Ex(6).. Am Republi Am Saf Raz. Am Seating(3).. Am Shipbldg(8). Am Ship & Com.. Am Sm&Ref(4) .. Am S & R pf(7).. Am Stl Fdys(3). Am Stl Fy pt(7). 11 T4 18% 4 60% 43 5374 18% 19% €6 67 07% 111% 93 11615 116% 50t 51% 9% 4 60% 414 52% 67 111% 1 95 95 107% 993 40'% 40% 62 6474 ; 4 7 102% 103 18 103'% ] 170 175 7 % 1221 1224 1224 1224 3 98 93 98 113% 108 113% Rl ol g 1014 101% 101 101 A 8374 8216 824 190 190 187 187 137 137 137 137 48 4B 44 46% 63 67 68 83 3 93% 93 93 4l 4% 4y 113 110% 113 136% 136% 136' 136 66 68 647a 6T% 1% 111% 111% 111% 3 83 82% 83 Am Tel & Ca(5). 23 24% 238 24% Am Tel & Tel(9) 206% 207% 205% 207% Am Tobacco(8).. 173 173 173 173 173 173% 172% 1 120 120 120 1 142 83 22% 2 Am Woolen pf.. 50% 50% Am WritPa6pt 42 42 36% 39% 35% . 101 102 101 129% 133% 128 53vs 654 534 AmWW&EI(cl). 50 41% 102 133% Anchor Cap. . 554 Anchor pf (6%). Andes Copr 76e.. Archer Dan (4).. Armour Del pf 7. Armour 111(A).. Armour 111(B)... Armour 111 pf(7) Arnoid Con & Co Artloom(3) . Ass0DryG (2 Asgo 0il(2). Archison(10)... Atchison pt(5). . Atl Coast L(110) At Gulf & WI.. Atl Gulf pt(3).. Atlan Ref(11%) Atlan Ref pf(7). AtlasPowder(4). Atlas Pow pf(6). Austin-Nichol: Auto Sales. Auto Sales pf(3) Bald Loco pf(7). 15% 15 154 8 8 8 2% £2% 82% 82% 3L 81 31 20 20 29 59% 60% 59 43 43 43 198 200 197 200 103% 103% 103% 103% 181 181 181 181 32% B2% 3% Ya 46% 46% 46% 46% b4% 55% Bam 55% 116% 116% 116% 116% 9913 100 99 100 103 103 103 103 7 7 4 7 22% 22% 22% 22% 88 38 3TW 3Th 117 117% 117 117T% 122 122 120% 122 65% 65% 65 654% Barnet Leather.. Barnsdall A (2). Barnsdall B (2). Bayuk Cgrs (2). Beacon Oll. Beeca-Nut (3).. Belding-Hemwy. Belg N R pf(16). Best & Co(3).... Bethlehm Stl(4) Beth Steel pf(7) loomingdal 1044 104% 204 20% 85% 86% 85% 12 121 1% 12% 82 82 82 82 834 84% 834 83% 887 9% 121% 122 121% 122 B . 45 45 43 45 Blumnthl pf(7). 99% 99% 99% 99% BonAmiA(4).. 82 82 82 82 Booth Fisheries, % % Th Borden Milk(8). 186 185 186 Botany Mills (A} 13% 13% 13% 13% Briggs MIgFCo. 49% 50% 49 50% Brockwy Mot(4) 60% 61 60 61 Bklyn-Man(4) M 79 %% 79 Bklyn-Man pf 89 89 89 89 BklynUnGas(5). 172% 176% 172% 175 BrownShoe(2%) 42% 42 424 42% Brown Shoe pf 7. 119% 119 119% Brunswick B(3) 47 47% 464 47 Brunswick Ter.. 35% 35% 35 35% Bucyrus(l)..... 36% 37% 26% ‘7% Bucyrusev(2%) 45% 46 45% 46 Bucyrus pf(7).. 116% 116% 116% 116% Burns BrosA(8p 112 112 111% 111% Burns Bros(B).. 3i% 31% 381% 31% BurnsBros pf(7) 104 103% 103% B o9 73 107 107 117 116 117 8% 8 8 M 9% 81% 314 139% 141% 136 141% 9% 10 9% 10 107 109 107 109 4% Tau 3% 3l 127% 131 127 131 Cal & Hecla(4).. 54% 56% 54% G56% Can Dry (14%). 784 78% T84 T84 Can Pacific(10). 243 244's 240% 244% Canon Mills 2.80. 44% 44u 44 44 CI&O0 sta(5). 100% 100% 100% 100% Threshg(6) 450 450 450 450 Thr pf(7).. 128 128 128 128 otex Co (3)... 6T% 67% 67% 67T% Cen Aguirre(2). 40% 40% 404 40% Cent Alloy(2)... 45 45% 44% 45% Cerro de Pas(5). 105% 108% 105 108% Certain-teed Pro 23 23 22% 22% Certo (14). . 82% 821y 82 82 Ches & Ohio(10) 212'% 216 212% 216 C & O Corpn(3) 82% 8l Chl & Alton. . 14% 14% Chi & Alton pf.. 19% 19% Chi Great West. 20 Chi Gt West pf. 59% Chi Mil &St P.. 35% Chi Mil & StP pt 567 Chi& Nwn (4).. 873 Chi PT pt(3%).. 524 Chi,RI&Pac(8).. 131 130 CRI&Ppf(7). 106 106 106 Chi Yel Cab(3) 32% 32% 32% Childs(2.40). ba% 55% bk Chile Cop (3% 934 97 934 Chrysler(3).... City Ice (3.60).. City Inv Co(10). City StoA(3%).. City Stores new. City Stores(rts). Cluett-Peab(5). Cluett-Pea pf(7) Coca-Cula(6) Coea-Cola (A). Coliins & Alkmn Col Fuel & Iron. Col & Southn(3) Col Gas & E1(5). Col Gas&El new. Columbia Graph Col Carbon t4% . Com Cred(1).... Com Cr pf(1%). Com Cristpf 6% Com Inv Tr (4). Com In Tr pt(7 Com Solvnts(8). Com Power(13). Conde Nast(2).. Congoleum-Nair Cong Cgrs (5) Conley Tinfo 1 Consol Cgrs (7). 89% 89 Con Film pf(2).. 26% 27 264 Censol Gas (3).. 105% 1068 103% 106 ConsolGaspt(6). 99% 99% 99% ConRRCuba pf 6 Consol Textlle. . Container A 1.20 Container B 60c. Cont Baking A.. Cont Baking B Cont Bak pf(8). Cont] Can (2%). Cont Insur(6). .. Contl Mot (80¢) Cont Motors rts. 85% Butte Cop & Zino Butte & Sup(2). Butterick Co. Byer & Co.. Byers A M(rts) By-Products(2). Calif Pack(4) Callahan Zinc, Calu & Ariz (6). 35% 554 87% 5215 130 194 57 35% 554 B6% 52 23% 22% 3% 8 66 66 115 115 130% 130% 130 48% 49 487% b4 56% 54 65% 664 65 111% 1114 111% 143% 145 1434 59% 59% 581 68 69% 66% 139% 140 139% 49% 49% 38ls 25 26 25 100 100 100 170 172% 170 107% 107% 107 225% 233 2254 2 4 117% 112 8% 1% 27% 27 83% 83 5 1 87% 91% Corn Prod t3%.. Corn Prod pf(7). Coty, Inc (g2).. 31% ) Cruc:ble Sti(5). 58 | Crucible pf(7).. 58% | CubaCaneSugar. 37 [ Cuba Cane Su pt Cuba Company.. Cuban Am 8(1) Cudahy Pkg(4). Curtiss Aero(1). Cuyamel Fruit.. Davison Chem. . . | Debenhms(2.91) 702 | Deere&Co pf(7). aore| Del & Hud(9)... 1 30% | Del L & W (17 Den RG Wn pt.. Devoe A (13.20). Devoe&R 1st(7). Dome Mines(1). Drug Inec4). ... Duluth Superior. Dunhill Int (4). Dupont (new).. Du Pont deb(6). Durham Hos pf. Eastman(18)... stman pf(7).. Baton Axle (3). Bitungon (2% ) Elec Auto L (4). Electric Boat. .. ErecPow&Lt(1). Elec P&Lt pf(7) ¢ Stor B (5). m Brantgm(A) nd-John(5).... g Pub S(m1). Pub Ser rts. Eng PuSpf(5). uit Bldg(2).. e R R Erie 1st Eureka Va . Fed LI&Tr(3%). Fed Mot T(80¢). Fidelity-Phoenx Fifth Ave(6ic). Filine's (615). .. First NatS(1%). Fisk Rubber. ... Fleischman t3% Florsheim (A).. Follanshee 12 Foundation Co. . Fox Film A(4).. Freeport T (4).. Gabriel Snub A.. Gardner Motor. . Gen Am TC(34). Gen Asphalt.... Gen Asph pf(5). Gen Cigars(4) GenCigars pf( Gen Electric 16.. GenElec sp(6Uc) Gen G&EI A(12) Gen Gas pf A(7) Gen G & EI A(8) Gen G&EI B(12) Gen Gas pf B(7) Gen Mills (3)... Gen Motors (3 Gen Mot pf(7).. GenOutdrAd(2 Gen Ry Sig(5) Gen Ry S pf(6).. Gen Refrac(s).. Gillette § R(c6). Gimbel Bros. ... Gimbl Br pf(7).. Glidden (t1%).. Giidden pr pf(7) Gobel (Adolph). Gold Dust (new) Goodrich(4) Goodrich pf(7).. Goodyear Tire. . Goodyr 1st pt(7) Gotham H (2%). Gothm nv(2%).. Gould Coupler A Graham-Paige. Granby (6). Grand F&W Grand Unon. . Grant W T (1).. Grt North pf(5). Gt Nor pf cfs(5) Gt NoOrefs2%. Grt Wn Sug 2.80. 4 |Grt Wn Su pf(7) Greene Cana(6) Guantanamo Su. Gulf Mo & Nor... Gulf Stat Stl(4). Hacknsk W(1%) Hack pf A(1%). Hahn Dept Stor.. Hahn DSpf6%. Hanna M A (7).. Hartmn B(1.20). Havana EIRy... HavEIl Ry pfi6). Hershey Corp... Hershey pf(4).. Hollander & Son Holnd Fur(2%). Hoe& Co A... Homestake(17)., Household(14) Houston Oil. Howe Sound(4).. Hud Man(2%).. Hudson Mot(5). Hupp Mot (£2) Illinols Cen(7) 11l Cent p1(6). Ind O & Gas (2). Indian Mot (1).. Indian Refining. Indian Refg ctfs Indust Rayo: Ingersoll-R(16) Ingersoll p£(6).. Inland Stl (3%). Inspiration (3).. InterboroRapTr. InterconRubber. Internat Agri... Int Ag Ch pf(7).. Intl Bus Ma (5). Int Cement(4).. Int Com Eng(2). Int Harv (2%4).. Int Harv pf(7).. Int Mtch pt 3.20. Int Mer Marine.. Int Mer Mar pt.. Int Nickl of Can Int Pa&PoA2.40. Int Papr & Po B, Int Papr & PoC. Int Pa&Po pf(7) Int Prig Ink 2%. Int Ry CA pf(5). Intl Salt(b).. Int Tel & Tel(6) Interstate D S. .y Intertype(flz). Island Creek(4). Jewel Tea (15).. Johns-Manv(3). Johns-Man pf(7) Jordan Motor.... Kan City South.. iaufmn DS 1%. Kayser J(5) Keith-Albee. . Keith-Al p£(T).. Kelly-Spring. ... Kelly Tire 6%pf. Kels Hayes(2).. Kelvinator Corp. Kennecott (8) Kinney (G R) Kinney pf(8). Kolster Radio... Kraft-Pho(1%). Kresge Dept S.. Kresge D S pt Kresge (1.60). .. Kress SH(h1%). Kreuger & Toll.. Kroger Gro(el). Lago Ofl Lambert LehighVal(3%). Lehigh Val Coal. Leh Por Cmit 2% Lehigh PC pf(7) Lehn & Fink(3). Lig & Myrs B 15. Link Belt Co. ... Lima Locomive. Liquid Car t4% . Loew's (13) Louls GasA 1.76. Ludium Stl ctfs, Me Call Corp(4). McCrory B(2) McGraw Hill(2), McKeespt Tin Pl Mches&Ro 1.60, Detroit Ed(8)... 2 Open. High. Low. Close. | B4% 84w 83 834 143%% 143% 143% 1434 67% 6% B74% 85 - B5% 85% 115% 115% McKsn pf A 3% Mack Truck(6).. Macy Co (¢2)... Mad Sq Gar 1% Magma Cop (4). Maliison & Co... Mallison pf(7) | Manati Sugar. Man Elec Suply. 7| Man El m2g(d5) Man Shirt(2)... Marlan Oil...... Marlin-Roe 13% Marmon Mot (4) Mathieson(6). .. May Dept S(4).. Maytag (12) Maytag pf(3). Mengel Co...... MetroG pf(1.89) Mexican Seab. Miami Cop (2) Mid-Cont P(2).. Middle States. Mid States ctf: Midland pf(t12) Miller Rubber. .. Minn & St Lous. | Minn StP&SSM. M St P&SSM pf. Mo Kan & Tex. . Mo K&Tex pf(7) Missourt Pacific. MoPacific pf(5). Mohwk Car 2%. Mont Ward 2%.. Moon Motor . Mors&Esk(3%). Mother L (10¢).. Motivn Pic Corp. Motor Meter A.. Motor Prod (2 Motor Whi (2).. Mullins Mfg Munsingwr ( Murray Corp. Nash Motors(6). Nash & Chat(7). Nat Acme (1)... Nat Bellas Hess. Natl Biscuit(t7) Nat Cash Reg t4 Nat Dairy (33). at Dept Stores. Nat Distiliers. .. Nat Distillers pt Nat Enamlg (1). Nat Lead(b). ... Nat Ld pf B(6).. Nat Pow&Lt(1). Nat Radiator Nat Ry Mex Nat Supply pf 7. Nat Surety (5). Nat Tea(4)..... evada Cop (2). N Y Alr Br(d)... N Y Central(8).. N Y C&StL(8). ¥ Ont&Westn N Y Railways pt NY Stm 1st pf 7. Norf & Wn(110) orAm blu%stk North Am pf(3). NorAm Ed pf(7) No Germn Lioyd ortn Pac(5). or Pac cfs(5) Norwalk Tir 0fl Well Supply. Omnibus. ... OppenhmCol(4). Otis Elev pf(6).. Otis Steel...... Otis Stl pr pf(7) Owens Bot (c4).. Pacific Gas(2). . Pacific Gas(rts) . Pacific Mill Packard (18%).. Pan-Am Petroim Pan-Amer Pet B, Pan-Am Wn B Panhandle. Paramount-F-L Park & Til(13).. Park Utah (80c). Pathe Ex.. Pathe Ex(A).... Patino M(a3.89). Peerless Motor ick & Ford.. Penn C&Coke. ... Penn Dixie Cmt. Penn R R(3%).. People’s Gas(8). Pere M prior(5). Pet Mlk (1%4).. Phila&RC&I.. Phila Co pf(3).. Phil Morris(1)., Phillips P (1%). Phoenix Hosiery Plerce-Arrow pf Plerce Petrolm Pilsbury (1.60).. Pirelli of Italy Pitts Coal pf Pltts&WVa(6 Por RicoToA (7). PortoRIcoTobB. Postal T&C pf 7. Postum(3)..... Prairie Oll&Gas Prairie Pipe (3). Pressed Stl Car. Produ & Reflurs. Producers&R pf. Public Serv 2.6 Pub Serv NJ rts. Pub S NJ pf(7).. Pub SE&G pf(6) Pullman Co(4) Purity Bak(3). Radlo Corp. Radio (new). . RadioCo pf(3%) Radlo-Keith(A). Radfo-Keith rts, RSCefs(4).... 18t pf(7). ingtn-Ran: ingtn2d (8 Reo Mot (1) Rels R Reynolds B new. RhineWE(1.92). Richfield O11(2).. Rio Grande Oil. . Rossia Ins t6% . Royal Bak P(1). Royal D(a3.222). Safeway (3).... Safeway pf (6).. St Jos Leaa.T8). StL & San Fr(8). StL&Southwest. Savage Arms(3) 120% 12% 87 3% Seagrave(el.20). -Roe(32%) Seneca Copper. . Shattuck FG(2). Shell Un(1.40). Shubert The(5). Simmons Co(3). SimmsPet(1.60) Sinclair Ol (2). Skelly O11(2) . ... Snider Packg Co Snider Pkg . So Por Rieo(2) South Por pf(8). South Calif Ed.. South Dairles B, South Pac(6). South Ry(8) South Ry pf(5). SouRyM&O cfs 4 Spaulding pf(7). Spang Chalfnt, Syear & Co. Spen Kellog Spicer Mfg. . Splegel Co (3). Stand Com T(1). StAG&E (3%). StAG&EDPI(4). 8td O of Cal(13) StdOIINI(11%). StdOtINY (1.60). Std Pllto? 8. Std P Glads pf. . Std San M(1.68). 108's 38% 103% 26'% 132% 20 39% 105% 224 61 110 3% 107 454 2% 53 Stromberg (3).. Studebaker(15). Submarine Boat. 2 72 58 b3 € 53 Nat Supply(18). 1 . 342 Cven. High, Low. Clo: VSl 5814 5! 105% 163 204 0% 28 10: 120% (128 104% 1924 3 1191 2310 24 37 0% 53 141 118 521 52tk 57 106% 105 5% 23% 36% 184 441 10 21 761 258 98% 40 30% 53% 1 121% 108% 81 15% 23% 128% 68% 56y % 80 107% | 0% 124 904 3204 104 284 105% 67% 13% 84 10% 574 55 1% 3413 230 35 50 169% 9% 74% | 117% | 874 129% 57% 8514 3" 574 84% 3% Received by Private Wire Direct to The Star Office Sun Oil (g1). Sun Oil pf(6) Supertor Oil.... Tenn Copper(1). Tenn Cop (rts). . Texas Corpn(3). Tex Corp full pd TexasGulfSul(4) Texas & Paci(5). T&P C&O (b2%) Tex Ld Trinew) Thatcher Mfg. .. The Falr(2.40) Third Avenue Thompson(rts) Tidewater AsO1l TidWAsOiIf(8) Timken Roll B.. Tobac Proa (8) Tobac Prod A(7 Tob Prod cfs(A) Transcont Ofl. .. Trico Mrod(2%) Twin City RapT Undwd-El F (4) Un Bag & Paper. Union Carb(6). Un O11 Cali2) Unlon Pac(10).. Un Pacific pf(4) Unlon Tank(5). . Utd Biscuit 1.60. Utd Clgar St(1). Utd Dyewood. .. Utd Elec Coal. .. Utd Frult(t5%) US Cast Ir P(2). U 18% n 57% 56 T2% US CIP 2d 1.20.. U S Distributing U S Alcohol ( U S Leatner.... U S Leathr A(4) U S Lea pr pf(7) U S Realty(4).. U S Smelt(3%).. USSmpf(3ig). U S Tobacco(3). Un Leaf T pf(8). Univ Pipe & Rad Util P&L A(e2). 4 1204 17 120% 16% EEEY 1% 709 101% 84 143 112 19% 5913 11% Vadascopf...... 71 1 vanadium (14).. 103% Vick Chem(4)... 8§ Victor Talkg (4). Vietor pr pf(7) Va-Caro Chem. . Va-CarCh 6%pf. Va El & P pf(7). Vulcan Detin. .. Wabash. .. Wabash B( Waldorf(li). Walworth(1.20). Ward C1A(8)... Ward Baking B. Warner Bros Pie Warner pf(2.20) Warner-Quz).. Warrn Bros (15) Warren F&Pip Web & Hell. . Webstr-Eislohr. Webster-Eis rts. Wesson Ol (4) .. Wes O&Sno pfl. W Penn EL A(7). W Penn El pf(6) W Penn El pf(7) West P Po(6)... West P Po pf(7) West Dairy B... West Maryland., West Pacific. West Pacific p W U Teleg (8).. Westhse A B(2), Westinghse(4).. 146% Westhse 1st(4).. 141 Weston Electric, 241 White Eagle(2). 311 White Mot(1)... 48% White Sew Mach 37 Wilcox Oil & G.. Wilcox (A) 215 Wileox Rich B Willys Ov cl. Wilson & Co. Wilson Co pf A Wilson & Co pf. Woolworth (6).. Worthn Pump. . Worth Pump(B) Wright Aero(2). Wrigey ((13%). Yale&Towne(4). Yellow Truck... 364 3 Young Spring.. 57 57 b6 56k Hourly Sales on N. ¥. Market. 10:30 am.. 452,400 12 m... 1.410.500 259 7% 3% $3 in preferred stock. a Paid this year—no T rate. able in stock. ¢ Plus 5% in stock. able ‘when_earned, abl stock. United Cigar St 1% % in stock. Wall Street Briefs The Richfleld Oil Co. of California is planning to expand in the Eastern market the annual report of Presi- dent James A. Talbot discloses. No indication is given of which marketing concerns Richfield might absorb. A Nation-wide system of “credit con- sumer” institutions organized regionally along the lines of the Federal Reserve Banks is expected to be established soon with the Industrial Finance Cor- poration, the Moris Plan Corporation of America and the Industrial Accept- ance Corporation as a neucleus. The banks will make personal loans, write life and property insurance, sell high- grade securities, discount installment paper and make other credit accommo- dations for the small borrower. An effort will be made to open the New York Hide & Skin Exchange in May, a month earlier than had been planed. Three sites in the Wall Street district are under consideration. Consolidated Automatic Merchandis- ing Corporation has started installing cigarette vending machines in depart- ment stores cn a Nation-wide scale. The company explains that 14 per cent of the cigarettes now produced are smoked by women. Hence the rea- son for placing the machines in depart- | ment stores. Nervous over the Federal Reserve policy against speculative credit, Wall Street attaches unusual importance to| & the regular executive committee meet- B ing of the Faderal Reserve Bank of New York this afternoon. Some deci- sion on the rediscount rate may b2 made then, altlough observers generally believe an advance improbable. executive committee includes the class A directors, the governor of the bank and the chairman of the board. A committee of the National Metal Exchange has been studying the feasibility of trading in standard cop- | De | per_futures. dealt in on the exchange, but copper | Only tin futures are now is fast increasing in importance, some defilcr];bmg it as the most popular of metals. A new $5,000,000 coal power plant of the Alabama Power Co. at Gorgas on the Warrior River, 75 miles from Birmingham, will be completed in a few weeks. It will be an emergency plant for use when hydroelectric power is not available. Commonwealth Power Corporation re- ports its January sales set a new monthly record. Electric sales totaled 165,975,513 kilowatt hours, a gain of 13.38 per cnet over the corresponding 1928 period. Gas sales increased to i The | & RECOVERY IN STOCK PRICES IS GENERAL Market Rallies Briskly in Late Afternoon as Money Rates Drop. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 18.—Opening irregularly higher and reacting in the | forenoon, today's stock market rallieg | sharply in the second half of the ses- | sion. The reversal of tae trend in the | afternoon coincided with a reduction of call money from the renewal rate of 8 per cent to 71, per cent and later to 7 | per cent. This was taken by traders tc mean that there would be no re- newal of the stringency that had been experienced on Friday, when the run- up in money to 10 per cent looked like drastic enforcement of the Federal Re- serve anti-speculation warning. To- day's easing in day-to-day loans stimu- lated short covering and revived droop- ing spirits of the bull contingent. It was noteworthy, however, that the | volume of trading Was abnormally low, judged by present-day standards. This was both when the market was declin- | ing and when it was advancing later on. | Up to noon the turnover was !410,500 shares, which compares with 1,593,400 shares on Friday at the same hour. The copper stocks were the leaders of the afternoon advance. Andes,stood out, touching a mew high since issue. Above 59 the stock was up more than 5 points from Saturday’s close. The report that Anaconda would make an offer for the minority holdings was a factor in the advance. Anaconda it- self came back emphatically for a gain of from 2 to 3 points net. For the first time in a long while U.S. Steel showed signs of recuperative abil- ity. It sold off easily in the morning, but was strong in the afternoon, al- though still far below last week's high. Doubtless short covering was the most influential factor, although there are those who still insist that Steel is to be split up this Spring before the an- nual offer of stock is made to employes. Bethlehem Steel was in active demand late in the day. The motors moved sympathetically with the general list. In the morning Hupp went to a new low for the year, but rebounded with others of the group. Chrysler and Packard were prominent | on the buying side. As has come to be expected in recent sessions. American and Foreign Power was the feature among the utilities. At 121 it was up | 7 points on the day. ‘What has been said of the industrials applies to the rails. They sagged in the earlier dealings"and hardened after- ward. It was characteristic of the mar- ket of the day that it moved as a whole in greater degree than ordinarily. The inference was that it was governed by its technical position and not by | dteve‘zg‘pmenu pertaining to individual stocl Markets at a Glance NEW YORK, February 18 (P).— Stocks firm; buying of utilities over- come fear of credit restriction Bonds dull; Anaconda Copper 7s sag after advance. Curbs irregular; Goldman Sachs trading drops 30 points, then rallies. Foreign exchanges steady; Canadian dollar at neariy !> of a cent discount. Cotton quiet and irregular. Sugar easy; lower spot market. Coffee lower; European selling. CHICAGO, February 18 (#).—Wheat firm; decreased visible supply. Corn easy; beneficial rains Argentine. Cattle strong to higher. Hogs irregular. WHEAT CLOSES HIGHER. CHICAGO, February 18 (Special).— Some of the early gain in wheat prices was lost toward the end of the day on profit-taking sales, but closing prices were 1 to 1%: cents higher. March, 1273 to 1.277%; May, 1.32Y to 1.32%; July, 1.34% to 1.34%. Corn closed uncha to g lower. March, Db"‘/‘o. May, 98! to 98%; July, 1.00% to 1.01. Oats closed 3 lower to !5 higher. ’ill'ch, 49%; May, 51% to 51%; July, | Commodity Notes Electrical Equipment. DETROIT, February 18.—Consolida- tion is in progress between the Square D. Co. of Detroit and the Industrial Controller Co. of Milwaukee, which are large manufacturers of electrical switch and control devices. Sugar. - SAN FRANCISCO.—Prices quoted by local sugar refiners are the lowest since April, 1914. Heavy stocks and expecta- tions of large importations from Cuba are given as the reason for the drop. $4.90 a hundred for cane and $4.50 for beet. D Hosiery. READING, Pa—Gustave Geiges, president of the executive council of the American Federation of Full Fash- ioned Hoslery Workers, says that the report that communistic influences are at work among the hosiery workers is a pure myth, Automobile Accessories. CLEVELAND.—Over 6,000 men now are working at the Fisher body plant here. The company makes Chevrolet bodies and Chevrolet production is now about 6,000 a day. e demand of au- tomobile makers is being reflected in the steel plants, including Gorrigan- McKinney, Otis, Bourne-Fuller and Midland. R R GERMAN BONDS AND STOCKS. Special Dispatch to The st NEW YORK, February 18.— Bid. Asked. Ger Govt Red Loan wil % per 1.000 R M.... 36.00 40.00 (Quoted in dollars per million mark: Hamburg 4125 1919 20. (Quoted in dolla 28 & burg American North German Lioyd 4'as 3 BaZaBBR8ISBECS BB awl] (Quot o AEG (3er Ge Bleer: - A E G (Ger Ge Elec) pid B.. Commerz and Private Bank. ... 1 G Farben.. . " SREE2LS R0 2! 888383322328323" B eaaae e 5 At 4B YOI ice) h Elsé Rudolph Karstadt. . Eabe 83333333338333 £223233338 Special Dispatch to The Star. NEW YORK, February 18— Bid. Asked. v 9613 7l 7'z 973 843y g 100 100 10015 718,036,300 cubic feet, a gain of 19.38 per cent. 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