Evening Star Newspaper, February 28, 1929, Page 14

14 = POTOMAC POWER'S NET GAINS 60,745 W. R. & E. January Income Shows Drop—Bank Clear- ings Up. FIN BY EDWARD C. STONE. According to reports filed today with the Public Utilitles Commission, the total net income of the Potomac Electric Power Co. in January amounted to $402,450.38, against $341,704.39 in Jan- uary, 1928, an in- crease of $60,745.99. Gross earnings from operations totaled $906,026.79, compared with $837,574.43 a year ago, a gain of $68,452.36. Operat- ing expenses re- quired $345,284.73 in comparison with $334,229.93 a year ago, an improve- ment of $11,054.80. Deduction of ex- penses left net earnings from operations of $560.- 742.06, against $503,344.50 in the same month a year ago, an increase of $57,- 397.56. Miscellaneous income amounted 1o $8.663.08, against the higher figure last year of $10,355.41. The company reported a gross income after deduction of expenses amounting 1o $569,404.14, compared with $513,699.91 last year, a gain of $55705.23. Other deductions from income totaled $166,- 954.76, against $171,995.52. W. R. & E. January Net Lower. ‘The Washington Raflway & Electric Co. reported a net income for January of $28300.64 in comparison with $45,485.08 last year. Operating Tevenues amounted to $484,878.46, against $497.875.48 last year: expenses and taxes totaled $412,- 945.68, compared with $405,261.34, leav- ing a met income from_ operations of $71,932.78, compared with $92,614.14 & year ago. Non-operating income totaled $21.- 785.41, against $17.857.10 in January, 1928. = Gross income, less operating expenses and taxes, amounted to $93,- 718.19, against $110,471.24 last year. Other deductions from gross income tota'ed $65.417.55, against $64,986.16 a vear ago. The figures show that a fall- ing off in passenger traffic was the main reason for the lower net earnings dur- ing the month. February Bank Clearings Gain. February bank clearings reported to- day by the Washington Clearing House Association revealed a substantial ad- vance over last year. The month’s clearings were $109,649,040.44 in com- parison with $103,495,524.49 in February, 1928, a gain of well over $6,000,000,000. Clearings in January amounted to $129,438,201.31, against a total of $114.- 408,832.92 in the corresponding month in the previous year. From these figures it will be noted that both months have scored such excellent gains that business in the Capital must be better than it was at the same time last. year. New Corporation Announced. Pinancial Washington will be inter- ested in the announcement which ap- pears today of the formation of a new corporazion in the investment securities field, under the name of Waggaman, Bradner & Co. Inc., an organization which will take over the securities de- partment of Waggaman & Brawner, Inc. The officers of the new corporation are: Maj. Ennalls Waggaman, presi- dent; Floyd P. Waggaman, vice presi- dent; Frank B. Pryor, vice president and general manager; T. C. Mont- gomery, vice president and syndicate manager; John F. Brawner, secretary, and W. Eben Burnside, treasurer. corporation will continue the policy of participation in the issues of bonds, preferred and common stocks, origi- nated by well-known houses of New York, Philadelphia and Chicago, and will be under the same management at the same location, 1700 I street. Messrs. Pryor and Montgomery, who have become vice presidents of the new corporation, have heretofore been man- agers of the securities department of ‘Waggaman & Brawner, Incorporated. Others connected with the org.mn- tion are Frank J. Rapee, John T. Pel- ton, George E. Croswell, jr.; George F. Cramer and Francis C. Jameson. John F. Brawner, who is the son of the late John W. Brawner, has re- cently been elected vice president of ‘Waggaman & Brawner, Incorporated, of which his father had been for many years president. Norment Retains Many Activities. Clarence F. Norment, sr., who recently resigned as president of the Norfolk & Washington Steamboat Co. has been prominent in Washington’s financial district for many years. He is chairman of the board of directors of the National Bank of Washington and for years was the bank's president. His first execu- tive position in local banking circles was as president of the old Central National Bank, which duties he assumed in 1895. ‘While Mr. Norment resigned from the steamboat company presidency to lighten his business responsibilities, he remains a director and is still serving as director in the American Security & Trust Co. and the Washington Rallway & Electric Co., and holds membership in the Washington Stock Exchange. Mr. Norment is a member of the Metropolitan Club, Chevy Chase Club, Columbia Historical Society and the Association of Oldest Inhabitants. Mergenthaler at New High. Mergenthaler Linotype sold at a new h mark on the Washington Stock Exchange today. It opened at 108 and closed at 108'; on an 80-share turnoyer. Capital Traction sold to the extent of 90 shares at 105!;. Railway & Electric preferred moved at 991, Terminal Refrigerating & Warehous- ing Corporation was again strong, climbing to 54 on a small turnover. Other issues maintained recent prices. There were several transactions in bonds at present levels. Leaves Mortgage Company. Fernand Petit, vice president and resi- dent manager of the Mortgage Securities Corporation of America, has resigned his illness. He has been with the firm since it moved its head office here from Nor- folk. The company has recently trans- ferred its main office to New York. Mr. Petit, who underwent a serious operation several weeks ago, is making a slow but steady recovery. Bond Club Has Fine Meeting. ‘The Washington Bond Club had a very largely attended meeting yester- day at the Carlton, John J. O'Connor, manager of the finance department of the United States Chamber of Com- merce, was the chief speaker, his sub- Ject being “Credit and the Stock Market.” Harry W. Riehl, manager of the' St. Louis Better Business Bureau, also spoke briefly. Kenneth §., Wajes pre- sided. C. F. Norment. CHICAGO DAIRY MARKET. ° CHICAGO, February 28 (#).—RButter —-Lower; receipts, 6,875 tubs; creamery, extras, 49; standards, 48% ; extra firsts, 471,n48; firsts, 45,246',; seconds, 44a 4. Eggs—Lower; receipts, 13,821 cases; extra firsts, 37a38; firsts, 36a36':; or; dinary firsts, 34a35. Poultry—Alive, steady: trucks; prices unchanged. receipts, 8 SILVER QUOTATIONS. NEW YORK, February 28 (#) eliver, 5652, Mexican dollars, 42%. Bar position on account of protracted | ANCIAL.," Oven. Hich. Low. Close. 48 48 47% 48 8564 B854 854 86K 507 500 67% 68% Abitib! Power... Apltibt Po pf(6) Adams Exp(6).. 509 560 | Adv Rumley 69% 697 Adv Rumley p! o S Ahumada Lead 4% A% 4w Alr Redetn (13). 108 111% 108 110 Afax Rubber.... 9% 9 9% 9% Alaska Junea. Bt 5 8 | Alleghany Corp. 20 3 9% 3014 Alleghany A 5% 101% 102 1013 102 Allied Chem.... 301% 305 301% 3 Allis-Chalm(7). 183 183 180 182 Amal Leather... 9 9% 9 9 Amal Leatherpf 65 65 65 65 Amerada(2).... 31% 31% 314 Bl% Am Agricul Chm 187 19 18% 19 AmAgriChpf.. 63 64 63 64 Am Bank N(13). 1284 128% 127 1274 Am Beet Sugar. 184 184 18 18 Am Bosch. 46 51% 46 5lw Am BrSh(h1.60). 55% ° 56'a 564 564 Am Brown Bov. 23 24% 224 24% Am Brown Bopf 79% 79 77 774 AmCan (14).... 119% 121'% 119% 120 100 99 9915 5315 5315 531 Am Drug (60¢). 9 9% 9 Am Encaus (2).. 45 45 45 Am Express(6). 30915 324 309% 324 Am & For Pow.. 112% 113% 110 113% 69 4% Am&ForP pf(7) Amer Haw SS Co Am Hide & Lea. . Am Hide & L pf. Am Home Pr(3). | Am Ice (12%). .. Am Internatl(2) 0% Am LaFr&Foam % Tw Am Locomot(8). 109% 111's 109 11 Am Loco pf(7).. 115 115% 115% 115% Am Ma & Fy(4). 180% 181 180 181 Am Metala(3).. 71 734 Am Metal (rts). 3% 3% AmNatGaspf? 92 92 Am P &L (11).. 1075 112 AmP&LtA3). 76l 6% 76'a AmP&LDfstab. 82% 8§2% 8215 82y AmPo&Lt pf(6)] 1021 1025 102% 102 Am Radiator(6) 190 1925 190 190% Am Rad pf(7)... 187 187 187 187 Am Ry Ex(6)... 149'5 162% 148% 162 Am Republie 52% 653 52 52 685 69 6815 69 Am Seating(3).. 3d's 34% 3ds Am Ship & Com., S5 Am Shipbldg(8). Am Sm&Ref(4). 1 Am S & R pf(7). 135 135 5 Am Stl Fdys(3). 70% 73% 70% 72% Am Stl Fy p£(7). 111% 111% 111% 111k Am Suzar.. . 841 834 Am Sumatra(3). AmTel & (9) 217% 217% 216% 217 Am Tobacco(8).. 17 173% 1734% Am Tobac B(8).. 174 174 174 Am Tob pf(§)... 120 120 120 Am TypeFo(8).. 144 144 145 AmWWR&EI(cl). 89% 89% 83% 89 AmWW1st pf(6) 100 100 100 100 Am Woolen..... 21% 21% 20% 21% Am Woolen pf.. 47% 4% 47 4T Am WritPactfs 13 13 12y 13 Am WritPa6pf 43% 43% 43% 43% Am Zine, ee 43% 4% 424 42% Am Zine pf. « 104% 1047% 104% 104% Anaconda (7) 143 148% 142% 147% Anchor Cap 2.40, 61 61% 60% 60% Anchor pf (6%). 120 120 120 120 Andes Copr (3).. 64% 664 63% 656% Archer Dan (4).. 94% 94% 94 ~94% Arch-Dan pf(7). 114 114 114 Armour Delpf 7. 9. 93 93 Armour lIl(A) 15% 16% 15 Armour IlI(B).. 8 8 8 Armour LIl pf(7) 82 83 82 3 ArnoldCon&Co 31 314 31 3L AssoDryG(2%). 65% 664 63% 65 AssoDG2d(7).. 106 106 106 106 Asso 0i1(2).. 44 44 44 4 A'chison(10).... 202% 203 202 202% Atchison D(5).. 103% 103% 103% 103% Atl Coast L(110) 185 155 180% 180% AUGuIf & WI.. 40% 42% 40% 42 Atl Gulf pf(3 54 55% 54 b4 Atlan Ref(t1%) 57% 57% 56% 56% PL(7). 116 116 116 116 PL(6). 103% 104 103% 104 Ausun-Nichols. T g9 7 Auto Sales...... 22 23 22% 23 AutoSalespf(3) 37!y 38 3T 38 Autostrap A(3). 45 45 45 45 Bald Loco pf(7). 116% 117 116% 117 Balto & O(8).... 1256 125% 124% 124% Balto & O pf(4). 79 9 79 9% Bambgr pf(63%). 108% 10815 108% 1081 Bang & Ar(3%). 69% 70 68 68 Bang & Arpf(7) 108 109 108 109 Barnsdall A (2). 40% 40% 40% 40% Bayuk Cgrs (2). 105 105 105 105 105% 105 24% 23 24 90 87% 90 1% 12 1% 12 Belg NRDf(16). 824 82 824 824 Best&Co(3).... 84% 84%a 84 844 Bethlehm St1(4) 100%4 103% 99% 10274 Beth Steel pf(7) 121% 122 121% 122} Bloomingdale... 47% 47% 47 47 Blumnthl pf(7). 103 103 102 Booth Fisheries, 815 814 Borden Milk(6). 189 190 Briggs MfgFCo., 51% 62 British Empire.. 5% 5% Brockwy Mot(4) 62} 63% 624 63% Bkiyn-Man(4).. 784 784 7% 7% Bklyn-Man pf(6) 90% 90% 90% 90% BklynUnGas(5). 179% 190 179% 190 BrownShoe(2%) 42% 42% 4% 424 Brunswick B(3) 50% 50'a 49} 49% Brunswick Ter. 35 365 36 874 38% IT% 38%, 46 46% 46'a 46k 60 62 60's 61% 3l 3l 3l 3l Burroughs (15). 2474 247\ 2475 247% Bush Term(gz). 75 75 T4% T4% Bush Terde(7).. 110 110 109 109 108% 108% 108'% 108l 30 30 284 29 814 81§ 36% 36% 79% 79% 41 Bl 347% 79'% 0% 68'y T 123 Belding-Hemwy. 105% | Bush Ter p£(7). 115 115% 115 ButteCop&2Zine 8% 9% 8% Butte & Sup(2). 10 10% 10 1568% 1634 168 13% 15% 18% 2% 124 122% 123 calif Pack(4)... 80% 80% 78 78 Callahan Zime... 3% 34 3% 3y Calu & Ariz (6). 136% 139% 136% 1387 Cal & Hecla(4).. 587 60% 58, 60% Can Dry (1434). 1% 8lia 80% 81 Can Pacific(10). 250% 251% 250% 251 Canon MIlIS 2.80 44% 44's 44% 44 Case Threshg(6) 470 479% 470 Cavanah Dobbs. 40 4z 40 Cav Dobs pf 6%. 105 105 105 Celotex Co (3)... 70 71% 170 Cen Aguirre(2). 41% 41% 40 Cent Alloy2). 48% 49 48% 48% Century Rpf(7). 80 80 80 80 Cerrode Pas(5). 114% 117 114 117 rtan 22% 22 22% Lo (14).aveee 86% 85 85% C & O Corpn(3). 83 85 B5% Ches & Ohio(10) 224 224% 222% 222% Chi & Alton. 15% 16 15% 15% Chi & Alton pf. 2 22 Chl & East 11 pf 62 Chi Great West. 20% Cal Gt West pf.. 6013 Chi Mil & St P. BT Chi Mi} & StP p! 60% Chi& Nwn (4).. 893 Chicago Pn Tool. 32 Chi PT pf(3%4). 51% 4 5 ChiR1&P (7).. 182 13815 132 1334 CRI&PpL(6). 100% 100% 100% 100% Chi YelCab(3).. 33 33 33 33 Childs(2.40).... 55% B5% 55 b5% Chile Cop (3%). 101% 107% 101% 106% Chrysler Mot(3) 103 105% 103 104 City Ice (3.60). . 59 59 59 City Stofes (B). 2415 24 24 City Stores(rts) % 4 3% 4 City StoA(31%).. 51 50 50 | Cluett-reab(s). 64% 64 61y | Cluett-ea pf(7) 115 115 115 115 Coca-Cola(6)... 134% 134% 134 134 | Coca-cola (4). 49 4y 48 48 |Colllas & Aikmn ~ 69% T0% Col Fuel & Iron. 73% T4% 72 Col & Southn(3) 117 117 116 Col Gas & E1(5). 147% 141'a 147 147% Col Gas&El new. 60% 604 60 60% Col G&E pfA(6) 1057% 105% 105% 105% Columbia Graph 77 9 Col Carbon t14%. 14 21 62 19% 59% T3 116 Jcoan«U.... 55% o Crlstpf 6% 102 104 &flgr'.}am. 2% 2% Com Inv Tr (4). 182 185% 182 ComeInvs(war).. 56 56% 56 Com InTrpf6% 97 97 7 Com InTrpf(7) 108% 109 108% 109 ‘Cbmh Sofvnid(8). 269 273% 268 2681 Com Power(13). 122% 130 122% 129 Congoleum: Ir 30 30% 20% | Cong Cgrs (5).. | Consol Cgre (7). | Con Cgrapii1).. | ConCigprpf(6%) Con Film pf(2). Censol Gas (3).. ConsolGaspf(5) ConRRCuba pt § Consol Textile. . Container A 1.20 Contalner B 60c. 91 27 110 99% 667 4% 208 M 95 2% 110t 108% 110t 9915 67 4ty 20% M a 67 41y 20 20 9 674 68k | . THE EVENING STAR, WASHINGTON, D. C, THURSDAY, FEBRUARY 28 NEW YORK STOCK EXCHANG Cont Baking A.. Cont Baking B.. 1 Cont Bak pf(8). Contl Can (2%). Cont Insur6). Contl Mot(80¢) . Cont Motors rts. Corn Prod 13%.. Corn Prod pf(7). Coty. Inc (g2).. Cresley Rad (1). Crown Zelrbek 1 Crue:ble Sti(5). Crucible pt(7f.. Cuba Cane Su pt Cuba Company .. Cuban-Am Sug Cudahy Pkg(4). Curtiss Aero(1). Cuyamel Frult.. Davison Chem. . Deere&Co pf(7). Del & Hud(9) . Del L & W(17) Den RG Wn pf Detroit Ed(8)... Devoe A (13.20). Devoe&R 1st(7). Drug Inc(4).... Am&For Pow 2d. 1015 101% 101% 101% | Dunhtll Int (24). Open. High. Low. Close. 5% 65's 11% 9514 3% 115 120 Duplan Siik (1).. Dupont de N (4 Durham Hos.... Durham Hos pt. Eastman(18) ton Axle (3) Ettingon(2%).. Bitingn pf(6%). Elec AutoL t4%. Electric Boat. .. ElecPow& Lt(1), EP&LDS 40% (1) Elec PELE pI(T) Elec Stor B (5). Elk Horn. I31k Horn pf. ... Em Brantgm(A) End-John(5). ... dicott pf(7). . Eng PubSer(31). Eng Pub Ser rts. Eng Pu S pf(5). Equit Bldg(2).. EquitableTr(12) Erle R R Erie 1 Eureka Vac (4). Iivans Auto Load Exchange(1). Fuirbanks(3). .. FedLt&Tra $1%. Fed Mot T(80¢). Fidelity-Phoenx Filine's (634). .. First NatS(1%). Fisk Rubber.... Fisk Rub 1st pf. Flelschman 13% Florsheim (A).. Follansbee 123 Foundation Ce. . 9% Fllm A(4).. Frank-S pf(7).. Freeport T (4).. Fuller pr pf(8). Gabriel Snub A Gardner Motor.. Gen Am TC(34). Gen Asphalt.... Gen Asph pf(5). Gen Cable...... Gen Cable A(4).. Gen Cigars(4).. GenClgars pf(7) Gen Electrie 16. . GenElec sp(6vc) Gen G&EI A 1%. Gen Gas pt A(7) Gen G & El A(8) Gen Gas pt B(7) Gen Mills (3)... 1 Gen Motors (3). Gen Mot pf(7).. GenOutdrad(2). Gen Outdr Ad(4) Gen Ry Big(b).. Gen Refrac(3).. Gillette S R (5). Gimbel Bros. ... Glidden (11%).. Glldden pr pt(7) Gobel (Adolph). 106% 31% Gold Dust (new) Goodyear (rts). . Goodyr 1t p(7) Gothm nv(2%).. Graham-Paig Grand F&W (1). Grand Unon.... Grand Un pf(3). Grant W T (1).. Grt North pt(5). Gt Nor pf cfs(5) GrNorOrefs31;. gn Wn Sug 2.80 Gulf Mo & Nor.. GuM&Npf(6). Gult Stat Sti(4). Hack W pt(1%). Hack pf A(1%). Hahn Dept Stor.. Hahn DS pf 6. Hanna M A (7).. Hartman A(2).. Hartmn B(1.20). HavEl Ry pf(6). Hershey Corp. Hershey pf(4).. Hollnd Fue2 %) Hollander & Sén Hudson Mot(5). Hupp Mot(£2)., [l Cent pt(6)... 11l Cen 158 11(4) . 1nd O & Gas (2). Refining. Refgcifs Ingersoll-R(16) Inland Stl (3%). Inspiration (3).. InterboroRapTr. InterconRubber, Intl Bus Ma (5). Int Cement(4).. int Com Eng(g). Int Harv (23).. Int Harv pf(7).. Int Mteh pf 3.20. Int Mer Ziarine. Int Mer Mar pf.. Inv Nickl of Can Int Paper pfi6). | Int Pa&POA2.40. Int Papr & Po B, Int Papr & PoC. | Int Pa&Po pt(1) Int Prig Ink 2% . Int Tel & Tel(6) Inter Dept 8(2). Intertype(tlig). Island Creek(4). Jewel Tea (15).. Jonns-Manv(3). Jones & Lau(7). Jordan Motor... K C Po&LtB(6). Kan City South. | Kaufmn DS 1% Kayser J(5 Keith-Albe Keith-Al pf(7) Kelly-Spring. .. Keis Hayes(2).. Kelvinator Corp. Kennecott (8).. Kinney (G R). Kinney pf(8) Kolster Radio. -Pho(1%). Kresge (1.60)... e SS pt(8) Kresge Dept S.. Ki er & Toll. . r Grotel). % Lehlgh Val Coal LehighValC pf 6 LehighVai(34) Lehn & Fink(3). Lig Myers(16).. Lig & Myrs B t5 Lig & M pt(7).. 99% 99%s | Link Belt Co. I.ima Locomt 435 | Liquid Car 143" Loew's (13). 53 100 74 29 27 47% 106% 95% 25 32 584 87 81% 48% 4% 142 80 4% 130 0% 6% 53 13% 160 97 95% 108 142 94% 6 454% 63n 85 83 60% 151% 213% 1214 13 109 95 325 w2y 863 118% 20m 60% 16 5% 111 18% 44% 105% 89y 1 9% Loew'spf (6%). 108 64 116% 13tn 201y 11% 20 27 1424 80 31% 35% 34n 130 904 108} 108 @ 84 108% | McK eeay LOft.scsacacsnns 0080-W(1.60).. Loose-W 1st(7). Loriilard Co.... Loulstana O Louts GasA 1. Louis & Nash(7 Ludlum Stl etfs. Ludlum 8 pf 6% . | Me Call Corp(4) McCrory B(2).. McCrory nf(6). . McGraw Hill(2) Tin P} McKes&Ro 1.60. McKsn pf A 3% Mack Truck(6). Macy Co (€2)... Mad SqGar 1%. Magma Cop (4). Mallison & Co... Mallison pf(7).. Mandel(2%).... Man Elec Suply. Man E) m2g (db) Man Shirt(2) Market Street. .. Marlan Ofl...... Marlin-Roe t3% Marmon Mot(4) Mathieson(6). .. Mathieson pf(7) May Dept S(4).. Maytag (12). Maytag pf(3) Melville Sh 1.10. Mtami Cop (3. Mid-Cont P(2). Middle Sta Mid States ctfs.. Midland pf(t12) Mtller Rubber. .. Minn & St Louls Mo Kan & Tex. . Mo K&Tex pf(7) Missourt Pacific. MoPacifle pf(5). Mohwhk Car 2% . Mont Ward 2% Moon Motor. .., Mother L (40c).. Motion Pie Corp. Motor Meter A.. Motor Prod(2).. Motor Whi (3).. Mullins pf (7)., Munsingwr(3).. Murray Corp.... Nash Motors($). Nat Acme (1)... Nat Belias Hess Natl Biscuit(17) Nat Cash Reg t4 Nat Dairy (33). Nat Dept Stor Nat Distilier NatDistillers p Nat Lead($).... Nat Lead pfA(7) Nat Pow&Lt(1). Nat Radiator. .. Nat Ry Mex 24.. Nat Radlator pf. Nat Supply(18), Nat Surety (5). Nat Tea (4 Nat Tea (new Nevada Cop (2) N Y Alr 3r(3) N Y Central(8 N YC&StL6). N Y CStL pf(6). NY DOCK.uooons NYNH&Hart(4) NY NH&H pt(7) N Y Ont&Westn. N Y Rallways pf N Y Stm pf(6).. NY Stm 1stpf 7. Norfolk Sou 21 . Norf & Wn(t10) NorAm b10%stk North Am pf(3). NorAm Ed pf(7) No Germn Lloya North Cent(4). . North Pac(5)... Nor Paccfs($).. Norwalk Tire. Coen, High. Lew. Cl ™ Th % 7L 118 25 14% 6 100'% 5% 1i6la 17 451 5 584 61'% 109 955 Hlin 68 111% 39 68% 1834, 1328 Ofl Well Supply. 23 1 Ofl Well 8 pf. Omnibus. 5 Omnibus pf(8)., OppenhmCol (4). ) Owens Bot (c4) .. Pacific Coast Pac Lightg (3). Pacific Milis. Pac Oil Stubs. .. Pac Tel & Tel(7) Packard (13%).. Pan-Am Petroim Pan-Amer Pet B P . Patino M (3.89) Peerless Motor. Penick & Ford. . Penn Dixfe Cmt, Penn RR(3%).. People’s Gas(8). Pere Marq (18). Pere M prior($) Pet Milk (1%). Phila Co pt(3).. Phila&RC&1I. Phil Morris(1).. Philllps P (1%). Plerce-Arrow. . . Plerce-Arrow pf Plerce Oll. .. ... Pierce O1l pf.... Plerce Petrolm. . Pilsbury (1.60) Pirelli, Ttaly (A Pitts Coal it Do Par RicoToA(7). PortoR1coTobB. Postal T&C pf 7. Pastum(3). . Prairie O11&G: Prairie PL 13%. Pressed 8tl Car. Pr 8tl Car pf(7) Produ & Refinr, Public Sefy 2.60. Pub Serv NJ rts. Pub Serv pf(6).. Pub 8 NJ pt(8). Pullman Co(4). . Punta Aleg Sug. Pure U (1).... Purity Bak(3).. Radto Corp. Radio (new . RadioCo pf(3%) Radio-Keith(A). RSCefs(4). ReadingRy(4).. Reynolds Spngs Reynolds Tob B. RhineWE(1.92). Richfield On1(2). Rio Grande Oil. . Ins 16%. ak P(1) Safeway (3). Safeway pf (7) 8t Jos Leaa:13). StL & San Fr(8) StL&SanF pf(8) StL&Southwest. StL Swn pf(5).. Savage Arms(3) Schulte (h3%).. Schulte pfi8)... Seagrave(el.20). Sears-Roe(3214) Seneca Copper. . Shattiek FG(3). Shell Tra (a96.4) Shell Un¢1.40). Shubert The(5). Simmons Co(8). SimmsPet (1.60) Sinclalr (+214).. ] Sinclair pf(8) Skelly O11(3 8nider Packg Co Soider PKEDL. .o 1% 118 25 14% % 43% 146 79y 100% Tl 1064 lose. T (+ | the Ford Motor Co. of England, which Received by Private Wire Direct to The Star Office Close. 39% 6L 36 13 13214 | 5 147% | 98N | 1201 Open. 3915 61% 5 Mish. Low. So Po R Su 214, 39% 39 South Calif Bd.. South Dairies A. South Ry pf(5). SouRyM&O cfs 4 Spang Chalfnt. . SpicerMfg pf(3) Spregel Co (3).. Stand Com T(1). SIAG&E (3%). St G & Epf4), Std Milling (8).. Std Mill pf ctfs. 8td O of Cal(13) Staniey Co..... Stewart-War(6) Stromberg (3).. Studebaker($5). Studebak pf(7). Submarine Boat. Sun Ol (g1) Sun Oil pf(6 Superior Oil. . Superior Steel Sweet of Am(1). Symington Cl A.. Tenn Copper(1). Tenn Cop (rts). Texas Corpn(3). Tex Cor part pd. TexasGulfSul(4) T&P C&0(b2%) Tex Ld Trinew) Thatcher Mfg.. The Fair(2.40).. The Fair pf(7).. Third Avenue. .. Thomp J R(3.60) Thompson(rts). Tidewater AsOil TIdWASOIIPL (6} TidewatrO(80¢) Timken R B (3). Tobac Prod (8). Tobac Prod A(7) Transcont Oll... Transue & W(1) Trico Prod(2% ) TruaxTraer C... Truscon § 11.20. Twin City R Tr.. Undwa-El F (4) Union Carb(6).. Un O11 Cal)... Union Pac(10).. Un Pacific pf (4) Unlon Tank(5). . Utd Biscuit 1.60. Utd Cigar St(1). Utd Eiec Cq & Utd Fruit (c4).. Utd Paperboard. US Cast Ir P(2). U'S Hoffman(4). U S Aleohol (6). US Leather. S Realty(4) Realty rts. . Rubber..... Rub 1st pt sm-lulu . U 8 Tobacco(3). Uni Pie 15t pf(8) Univ Pipe & Rad Utah Copper(12) Ut PEL Alez). Vadasco Sales. ., | An advance in call money to 10 per jcent proved only a momentary check ! the day were reached in the last hour. 192 STOCKS CONTINUE IN BROAD ADVANCE Coppers Again Assume Lead- ership as Market Moves Forward. BY GEORGE T. HUGHES. Special Dispateh to The Star. NEW YORK, February 28—Urgent buying of the copper stocks feature today’s strong and active stock ‘market. to the movement. The best prices of Anaconda, touching 148, was up more | than 7 points on the day. Just before | the close United States Steel ran up | spectacularly. At 192 it was up between 6 and 7 points. Bethlehem Steel went | along with the leader. Another strong | stock at the end was Brooklyn Union Gas. ‘The turnover was the largest in nearly | a month andyactivity was greatest when prices were rising. Call money renewed at 8 per cent. Copper Stocks Lead. Copper stocks were leaders as they had been earlier in the week. The price of the metal advanced again, this time above 19 cents. It looked as though consumers were anticipat- |ing requirements, fearful lest the price should go still higher. | New high records were almost uni- form in the copper stocks. Among i those that sold higher today than ever |before were Anaconda, Andes, Cerro de | Pasco, Greene Cananea. Kennecott and Chile. Others in the group showed | gains. All are profiting from the present heavy demand for the red metal and all are likely to pass along larger disbursements to shareholders sooner or later. Meanwhile, according to the popular view, they offered ideal specu- lative mediums. The express company stocks were all .very strong. Adams Express was up more than 25 points, American Express more than 12 points and American Railway Express as much in the firt two hours of trading. AH of these are high-priced stocks, Adams selling over $500 a share, but it was one of the characteristics of the market that the higher-priced stocks moved the fastest. Case Threshing Machine jumped 10 points, approaching 480. American Can made a new high for the present shares. National Cash Register was taken up again and there was renewed buying in General Cable issues, with a new high for the class A stock. Steels Steady. The steels were steady but not buoy- ant. United States Steel, selling ex- dividend of $1.75, was a shade higher, and Bethlehem bettered by a fraction its previous high since just after the war. Bethlehem was very active. Railroad stocks were higher at the start, but they did not hold all of their gain. The Street is still waiting for the decision in the O'Fallon case. Once that is out of the way, traders wiH be willing to take a position in the rails, but meanwhile they are very cautious. Vanadium (14). Victor Talkg(4). Va-Caro Chem. . Va-CarCh 6%pf. Vulecan Detin. .. Vuican Detin(A) Wabash........ Wabash pf A(5). Waldorf(1%). .. Walworth(1.20). Ward Baking B. Warner Bros Pie Warn Bros P rts Warner pf(2.20) Warner-Qu(z).. Warrn Bros (5) Warren 1st pf(3) Warren F&Pine. Weber & H (j4). Web&Hell pf(7) Webstr-Eisiohr. Wesson O&S (2). x Penn El pf(§) West Pacific.... West Paocific pf. W U Teleg (8).. Westhse A B(2). Westinghse(4). ‘White Rock (3). White Sew Mach Wiléox Oil & G.. Wilcox (A) 24 .. Wileox Rich B. . Willys Ov c1.20. Willys-Ovd pf 7, Wilson & Co.... Wilson Co pt A.. Wilson & Co pt. Woolworth (§).. Worthn Pump. . Worth Pump(A) Wright Aero(2), Wrigey ((13%). Yale&Towne(4). Yellow Truck... 39% Young Spring.. 58w 5813 5’ Youngstn Sh(5). 114y 114% 114 Hourly Sales on N. ¥. Market. 10:30 am.. 754.800 1Z2m... 2,084,300 1:30 p.m. 2,983,200 2:15 p.m 3,704,000 Dividend rates as given In the above table are the annual cash payments on the 5% 65% Plus 1/35 1o his year—no l:llllr rate. in stock. ¢ Plus 5% in stock. when earn: Payable In cash or TPl 0% in stock,’ e k. ph PaLtly stock. 1 Plus 200 auarierly in lores common stock. b Plus Wall Street' Briefs Rumors of more bank mergers con- {tinued to pervade Wall Street today, | following the announced consolidation of the Guaranty Trust Co. and the Na- tional Bank of Commerce to form the largest bank, in point of total resources, in this country. Latest reports men- tioned the Corn Exchange Bank, with its wide branch system, as a likely {member of the Guaranty Trust Bank of Commerce combine. Chelsea Exchange Bank stock also jumped on rumors of possible merger with a large downtown | New York banking institution. ‘Wall Street interpreted an article en- titled “The New Crude Prices,” which appears in the current issue of the hm& official organ of the Standard | Oll Co. of New Jersey, as meaning an- other reduction in crude oil prices is near. It states that although prices were cut on an average 16 cents a bar- rel, the declines were not drastic enough and fi‘llnu out unsatisfactory conditions resul from overproduction. , Efforts will be made to restrict sales of shares in the eight European Ford companies now being organized to citi- 2zens of the countries in which they are located, Wall Street heard today. Amer- icans were eager bidders for stock in will control the other eight, when it was organized several months ago. New companies are being formed or will be formed, it is understood, In France, Germany, Italy, Austria, Belgium, Spain, Holland and Sweden. Public Utilities Speclal Dispatch to The Sta: NEW YORK, February 28.—The pamphlet report of Consolidated Gas of Baltimore for the year ended De- cember 31, 1928, shows net income of $6.173,640 after taxes, depreciation and other charges, equivalent after pre- ferred dividends to $5.47 a share on 049,145 shares of no par common out- standing at the end of the year, com- pared with 85,177,370 or $4.58 a share on 940,954 common shares in the pre- ceding year. Consolidated statement as of December 31, 1928, shows total assets of $130,317,754 contrasted with $123.908,959 at the end of 1927 and profit and loss surplus of $11,421,463 against $11,204,357. New Bond Issues Special Dispatch to The Star. NEW YORK, February 28.—A bank- ing group made up of A. Iselin & Co. and Nesbitt, Thompson & Co., Ltd. (Montreal), will offer next week an is- sue of $10,000,000 Power Corporation of Canada, Ltd., 4!2 per cent 30-year convertible debentures. Public offering is being made today of the new issue of $5,000,000 Pacific Public Service Co., 15-year 6 per cent convertible gold bonds, due March 1, 1944, by A. E. Fitkin & Co., Hemphill, Noyes & Co., Federal Securities Cor- poration, Bond & Goodwin, and Tuck- er, Inc., Dean Witter & Co. and Na- tional Bank of Italy Co. The bonds are priced at 9812 to yleld 6.15 per cent. Furland & Co. Inc, and Bradford, Kimball & Co., offer today a new issue of $700,000 Alleghany Gas Corporation convertible 7 per cent secured gold notes due November 1, 1933. . CHICAGO LIVE STOCK MARKET CHICAGO, February 28 (#).—(United States Department of Agriculture). — Hogs—Receipts, 31,000 head; fairly ac- tive, most 15a25 higher; top, 11.15 paid for a number of loads of 160-230 pound weights; largely 10.95a11.10 market for desirable 160-300 pounds. Butchers, medium to choice, 250-300 pounds, 10.75a11.10; 200-250 pounds, 10.75211.15; 160-200 pounds, 10.40211.15; 150-150 pounds, 9.75a11.15.t Packing sows, 9.75a10.35. Pigs, medium to choice, 90-130 pounds, 8.25a10.25. Cattle—Receipts, 6,500 head. Calves— Receipts, 2,000; weighty steers in ab- sence of dependable shipping demand, 25 or more lower; light offerings mostly steady; slightly better undertone in the she stock trade; best weighty steers| early 14.30. Slaughter classes, steers, good and choice, 1,300-1,500 pounds, 12.50a14.50; | 1,100-1,300 pounds, 12.75a14.75; 950~ 1,100 pounds, 12.75a14.75; common and medium, 850 pounds up, 9.00a12.75. Fed yearlings, good and choice, 750-950 pounds, 12.75a15.00. Helfers, good and choice, 850 pounds down, 11.50a13.50; common and me- dium, 8.00a11.50. Cows, good and choice, 850a10.50: common and medium, 6.90a8.50; low cutter and cutter, 5.75a 6.90. Bulls, good and choice (beefl), 9.40a10.50; cutter to medium, 8.00a9.40. Vealers (milk-fed), good and choice, 14.00a17.00; medium, 13.00a14.00; cull and common, 9.00a13.00. Stocker and feeder steers, good and choice (all weights), 10.75a11.75; common and me- dium, 8.50a10.75. Sheep—Receipts, 11,000 head; few sales to outsiders; weak to a shade lower; big packers talking 25 or more lower; indications bulk fat lambs, 16.25a 16.75, few 17.15a17.25; early top, 17.40; sheep and feeding lambs steady. Lambs, good and choice, 92 pounds down, 16.00a 17.40; medium, 14.75a16.00; cull and common, 10.85a14.75. Ewes, medium to choice, 150 pounds down, 7.60a9.50; cull and common, 3.75a7.85. Feeder lambs, good and choice, 14.50a16.00. POTATO MARKET DULL. CHICAGO, February 28 (#) (United States Department of Agriculture).— Potatoes—Recelpts, 67 cars; on track, 210 cars; total United States shipments, 741 cars; trading slow, market du! 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