Evening Star Newspaper, March 5, 1929, Page 14

t.o.-14 TRADE SHOWS GAIN| - INFIFTH DISTRICT FCIAL. | Open. High. Low. Close. 47 140 47 140 46's 140 46%9 140 TH Cont Bak pf(8).. Open. 9413 % EVENING . High. 951 STAR, WA HINGTON, D. €., TUESDAY, MARCH 5, 1929. FINANCIAL Low. Close. 9415 954 Long-Bell(A)... Loose-W(1.60).. Open. D 30% NEW YORK STOCK EXCHANGE High. Low. Glose. ¢ 301 1] Received by Private Wire Direct to The Star Office n. High, Low. Close. 47% 46 46% been taken at 131, the price ran up 1 above 132, which was also the highest | in history. Another stock to make the same kind of a record, at least for the present company, was Missouri Pacific common. Higher prices STOCK PRICESREACT were_recorded for crossed 200 again; Reading, which was going along with Baltimore & Ohio; Atchison, Norfolk & Western, which | Gains among the industrials were not as uniform. Steel stocks dragged early in the day. Gulf States made the best showing of the independents. Chrysler was again the feature of the motors. It is believed to harbor a large short in terest, and is therefore in a strong tech- nical position. Incidentally the Strect heard today that John J. Raskob was to become a member of the Chrysler board. N CREDT SQUEEZE Market Turns Downward in| Last Hour as Money Goes to 10 Per Cent BY GEORGE T. HUGHES. | Special Dispatch to The Sta: | | NEW YORK, Mard:vi :1;:1 f;; crc;:‘ EVERYBODY’S e sl sttt o INCOME CAN PRO- VIDE A SURPLUS quarters of the time the list was strong, | and the copper and railroad shares were buoyant. But in the last hour reaction | t in. se’l‘he market hesitated when money was advanced from the renewal rate of 8 to 9 per cent. It did not really | weaken until it became evident that an- other advance was imminent, and when the 10 per cent rate was posted there | was a rush to take profits. The banks called loans in consider- able volume. The hardening of the rate took the Street by surprise, for easier conditions had been anticipated, at least | until the midmonth. Before the pinch | in money, a number of copper stocks, among them Anaconda, Kennecott and I Chile, had sold higher than ever before in their respective histories, and therg had been a spirited demonstration in the railroad shares. ‘Anaconda was the leader in its group. | Buying was inspired by the report that | the corporation planned to retire its | bonded indebtedness, raising the funds therefor by additional issue of stock, following the example of U. S. Steel Corporation. This story, together :with the strength in the market for the metal and the popularity of Anaconda as a trading medium, put the stock up rapidly to a new high as it crossed 155. Kennecott moved forward sympatheti- cally to a new top for the present stock. The demonstration in the rails be- n with Erie. " gaBn",lmol’e & Ohio assumed the lead- ership of the dividend-paying stocks and after a block of 5,000 shares had Cont] Can (2%). Cont Can pf(7).. 126 Contl Insur (2)., 87% Contl Mot(80c). 23'y Cont Motorsrts. 1ia Corn Prod 13%.. §5% Corn Prod pf(7). 141% Coty, Inc (g2)... 66% Crex Carpet. 347 Cresley Rad (1). 112 Cruc:ble Sti(b). 90 CubaCaneSugar. Cuba Cane Su pf | Cuba Company. . Cuban-Am Sug.. Cuban-A Sug pf. Cuban Dom Sug. Cudahy PKg(4). Curtiss Aero(1). Cutir-Ham(3%) Cuyamel Fruit.. Davison Chem. . Debenhms(2.91) Deere&Co pf(7). Del & Hud(9)... Del L& W(17).. Den RG Wn pf.. Devoe A (13.20). Devoe&R 1s1(7). Dome Mines(1) Drug Ince4). Duplan Silk ( Duplansilk pf Dupont de N(4). Du Pont deb(6). Dua Lt 1st(5)... Durham Hos. ... Durbam Hos pf. Eastman(18)... ton Axle (3).. 9 ungon(2%).. 3 3 Eitingn pf(6%). 10215 Elec AutoL, t415., Electric Boat. .. ElecPow&Lt(1). Elec P&Lt pf(7) Elec Stor B (5).. Elk Horn.... Elk Horn pf. Em Brantgm(A) End-John(5) Endicott pf Eng PubSer(11). 0% T0% 26 126 | Lorlilard Co. Loritlard pf( Louisiana Oil. La Oil pf(6%) Louis GasA 1.75. Louis & Nash(7) Ludium Stl ctfs. Mac And(12.85). Me Call Corp(4). McCrory At2)... McGraw Hill(2) McKeespt T'in Pl McKes&Ro 1.60. McKsn pf A 3% Mack Truck(6). Mackay pfi4)... Macy Co (¢2). Mad Sq Gar 1%. Magma Cop (4). Mallison & Co. .. Manat! Sugar p! Mandel(2%).... Man Elec Suply. Man ElI m2g(db) Man Shirt(2). Market Street. .. Market St pf.... Marlan Oil...... Marlin-Roe 13% Marmon Mot(4). Martin-Parry . May Dept S( Maytag (12) Maytag pf(3). Maytag 1st pf(6 Melville Sh 1.10. Mengel Co. . MetroG pf(1.89) Mexican Seab. . Miami Cop (2) Mid-Cont P(2) Great Northern preferred, Northern | Packard worked higher and so did 110 Pacific and Southern Pacific. Stewart-Warner. Exp(6).. 560 Adv Rumley.... 0% Adv Rumley pf.. 69 Ahumada Lead.. 4 Air Redctn (13). 109 Ajax Rubber. 9in Alaska Junea... &h Albany Papr(2). 20 Alleghany Corp. 35 Alleghany A 5% 103 BY EDWARD C. STONE. Allled Chem. . 289 Aliled Cm pf(7). 12 The Federal Reserve Bank of Rich-| Am Agricul Chin mond today issued its monthly review | Am AgrfCh pf.. of business and agricultural conditions | Amai Leather. in the fifth Federal reserve district, & | Amerada(2). ... greater volume of Am Bank N(13). 1 business being re- Am BK N pf(3).. corded in January Am Beet Sugar. and early February {Am Bosch. than during the Am Brsh( : same period in AmBShoe p(7). 1928, In most Te- Am Brown Bov.. 22 224 spects, the report Am BrownBopf 79 79 added, business was Am Can (14).... 118% 1204 117% 1181 at the same level Am Can pf(7)... 141t 141% 141% 141 as in _December, AmCar&Fdy(6). 97 97 954 95% when allowance is AmChicle (2)., 53% 54% 53 b3 made for the usual AmDrug (60c). 9 94w 91 9% seasonal variations. Am Encaus ( 44 44 4 43w The review con- Am & For Pow.. 113% 114 110% 111 iy Am&For Pow 2d. 101 101 101 101 bi indivi Am Hawa SS(1). 28 284 Dehits 10 ":d“l‘,; Am Home Pris) T8 79 @ual accounts, e i T clearing house Am Ice pt(6)... 941y 95 banks in January e R o 95 were higher than B= i fres. ek, on e the corresponding figures for 1928 by | 4p; ) ocomor(8). 110% 110% 108% 10 55 per cent. Business failures in the | A LOCOmOE(S). 110 110t 1085 108 fifth district were fewer in number and | - c Am Metals(3).,. 70% 71" 691 69 Jower in liabilities than in January a|am Metal (rte)., 3w v 21s ot year ago. ! e flelafllu PI6) 121% 121% 1214 1214 3 : mNatGaspf? 92 92 92 92 Retail Sales Somewhat Larger. BT The employment situation 15 dis-| AmPo&Lt pf(6)) 1024 102% 102t i tinctly better than it was in early 1928, | AmpaLpfstab. 817 81% 8lis 517 With workers now more nearly employed | Am Radiator (5) 187~ 188% 185 " 1864 on full time. Coal production in both 7 60 180 et the Nation and the district was in 2 Bl 50 50 greater tonnage in January than in : 6914 9% January, ,1928. Textile mills operated 35 36% more extensively in January than in > 4 the same month a year ago, cotton con- sumption by fifth district mills being 12.5 per cent above the figures for Janu- ary, 1928. Retail trade, as reflected in department store sales were somewhat Jarger in most stores in January this ar. On the other hand, there are some indications of unsatisfactory basic con- ditions in the fifth district which may affect business later in the year, unless new factors are brought into play. Financial returns from 1928 crops were considerably lower in the aggregate than returns from 1927 crops. and the liquidation of last year's indebtedness by farmers was not up to average years. This tends to lessen the 1929 purchas- ing power of the agricultural popula- tion, and handicaps the famers in their arrangements for planting and raising a crop. 1L 110% 111 560 560 660 T2t 68% 69,0 a Ry 68 Spicer Mfg SpicerMfg pf(3) Spregel Co (3).. Stand Com T(1). SWWG&E (3% Std G & E pfy Std Mill pf ctfs. Std O of Cal(13) StdOiINJ (11%) . StdO:INY(1.60). Std Plate Glass.. Std San M(1.68). Staniey Co...... Stewart-War(6) Stromberg (3).. Studebaker(35). Studebak pf(7) Submarine Boat. Sun Oil (g1) Superior OIl. Superior Steel Symington Cl A. Telautogrph(1). Tenn Coppert]). Tenn Cop (rts).. Texas Corpn(3). x Cor 50% pd. PexasGulfSul(4) Texas & Pac(5). T&P C&O(b2%) Tex Ld Tr(new) Thatchr pf 3.60. . The Falr(2.40).. The Fair pf(7).. Third Avenue. .. Tidewater AsOIl TIdWASOilpf (6} TidewatrO(80e) Timken RB (3). Tobac Prod (3).. Transcont Ot Transue & W (1 Trico Prod(2%) TruaxTraer C... Truscon § $1.20., Undwd-El F (4) Un Bag & Pape Union Carb(6) Un 01l Cali2)... Union Pac(10).. Un Pacific pf(4). Utd Biscuit 1.60. Utd Cigar St(1). Employment Better and Fewer Failures—Bank De- posits Off, Review Reports. 1097 107 9% 9% 8le T 20 20 SAFE FEERES T MORTGAGES - o 194 63 9% N 30% 24 6015 1 31 24 1 6015 16 —and with this surplus—Dbe it much or little—you can invest in our 6¢, FIRST MORTGAGES Owera Third —under our Partial Payment Plan, dividing the cost into con- venient amounts. of a Century Without a Loss W. D. Sulliva They yield most attractive revenue—plus absolute safety. Miller Rubber. .. Minn & St Louls. Minn SIP&SSM. MStP&SSM 1i(4) Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific, MoPacific pf(5). Mohwk Car 214, Mont Ward 23.. Moon Motor... Mother L (40¢).. Motion Pic Corp. Motor Meter A Motor Whi (2) Mullins Mfg. Mullins pt (7) Munsingwr(3) Murray Corp.... Nash Motors(6). Nash & Chat(7). Nat Acme (1). at Bellas Hes: Natl Biscuit(t' Nat Cash Reg t4 Nat Dairy (33).. Nat Dept Stores, Nat D St 1st(7).. Nat Distillers. .. Nat Distillers pf Nat Lead(b).... Nat Lead pfA(7) Nat Ld pf B(6).. Nat Pow&Lt(1) Nat Ry Mex 2d Nat Tea (11%3)... Nevada Cop (2). N Y Air 3r(3)... N Y Central(8).. N Y C&StLi6). N Y CStL pf(6). N Y & Harlm(5) NYNH&Hart(4) Y Unt&Westn. In amounts from $250 up. ' B. F. SAUL CO. Main 2100 925 '15th St. N.W. 29%n b4 107'% 105 841y Am Saf Raz.13) Am Seating(3).. 341 5 5. b 120 117T% 117% Am S & R pf(7). 135% 135% 135t 135 Am Snuff (12)... 200 200 200 200 Am St Fdys(3). 70 70% 68 68% Am Stl Fy pf(7). 111% 111% 111% 111% Am Sugar. 841, 84l 81l 82h Am Sugar pt(7), 109% 109% 109t 109% AmTel&Ca(6). 21 21 21 Am Tel & Tel(9) 216% 216% 214 Am Tobacco(8).. 178 173 1 Am Tobac B(3).. 17 Am Tob pr(6)... 120 Am TypeFo(8).. 152 152 Am Type pf(7).. 111 111 AmWW&EI(cl). 911 911; AmWW1st pf(6) 101 Am Woolen..... 211 Am Writ Pa ctfs 123 AmWritP pf(3). 41 44 44 44 AmZinc........ 41 42% 40 40 Anaconda (7)... 153! 159% 152% 158% Anchor Cap 2.40. 59 59's 58% 59 } Anchor Cap(rts) s 1% Andes Copr (3).. 64% 65k Archer Dan (4).. 46 461 Armour Del pt 7. 9254 920 Armour I11(A).. 15% Armour 11I(B). . 81a Arnoid Con & Co 31 31 Artloom pf(7).. 98k 98Y Art Metal(1%). 307 30% AssoDryG(2%). 60%: 61k 604 60 Asso 0il(2). e e T Erie R R.... THERE 1S NO SUBSTITUTE FOR FETY l'zrlelnpf. .. :&uuka Vae l'(.).- EvansAu L 2%, Kairban| 3)... Fed Mot T(80e).. Fidelity-Phoenx. Filine's (6%).... First NatS(1%). Fisk Rubber. ... Fisk Rub 1st pf. Fleischman t3% Florsheim (A).. Florsheim pf(6) i Follansbee 1214 . Foundation Co. . tox Fiim A(4) Freeport T (4).. Fuller pr pf(6). Gabriel Snub A.. Gardner Motor. . Gen Am TC(34). Gen Asphalt..... Gen Asph pf(5). Gen Cable. .. Gen Cable A(4 Gen Cigars(4) Gen Electric GenElec sp(6uc Gen Gas pf A(T) Gen G & El A(8) Gen G&EI B(12) Gen Gas pt B(7) Gen Mills (3)... Gen Mills pf (6) Gen Motors (3). Gen Mot pf(7). 'GenOutdrad(2). Gen Qutdr Ad(4) Gen Ry Sig(5).. Gen Refrac(s)., Gillette SR (5). Gimbel Lros Glidden (11%).. Gobel (Adolph). Gold Dust (nsw) Goodrich(4). Goodyear Tire, Goodyear (rts). . Goodyr 1st pf(7) Gothm nv(2%).. Gould Coupler A Graham-Paige. Granby (6) Grand F&W (1), Grand pf(63%) Grand Unon. Grand Un pf(3). Grant WT (1).. Grt North pf(5). Gt Nor pf efs(5) GrNorOr efs 314, Grt Wn Sug 2.80. Greene Cana(8). Guantanamo Su, Gulf Mo & Nor. Gulf Stat Stl(4). Hacknsk W(13%) Hahn Dept Stor., Hahn D 8 pf 6%, Hanna M A (7) Haruman A(2) Hartmn B(1.20), Hershey Corp. .. Hershey pf(4) HockingVal(10). Hoe& Co A..... Hollnd Fu(e2%) Hollander & Son. Homestake(17).. Houston Oil.... ., Howe Sound (4)., Hud Man(2%) Hudson Mot (5). Hupp Mot (£2)..; Illinots Cen(7)., Ind O & Gas (2) Indian Refining. Indian Refg ctfs Indust Rayon.., Ingersoll-R(16). Inland Stl (3%). Inspiration C(4) InterboroRapTr, InterconRubber. Internat Agri... Int Ag Ch pt(7). Int Cement(4).. Int Com Engi2), Int Comb pf(7).. Int Harv (23%)., Int Mtch pf 3.20, Int Mer Marine.. Int Mer Mar pf.. Int Nick,Can 80¢ Int Paper(2.40). Int Paper pf (7). 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 Silver (8)... 1. Int Tel & Tel(6). Inter Dept S(2 Intertype(t1% Island Creek(4). Johns-Manv(3). Jones & Lau(1). Jordan Motor... K C Po&LtB(6). Kan City Sou(5) Kan C So pf(4).. kaufmn DS 1%, Kayser J(5) Keith-Al pf( Kelly-Spring. Kels Hayes(2).. Kelvinator Corp. Kennecott (4).es Kinney (G R) Kolster Radio Kraft-Pho(1%4). Kresge (1.60)... Kresge SS pt(8). Kress S H (1) Kreuger & To! Kroger Gro(cl)s | Lagoont..... Lambert (7). .. Lee Tire & Rub. Leh Por Cmt 2% Lehigh PC pf(7) Lehigh Val Coal. LehighVal(3%). 67ta 949 a2ty T84 di1t% Utd Paperboar US Cast Ir P(2). U S Distributing U S Hoftman(4). U S Alcohol (8).. US Leather....., U S Realty(4)... U S Realty rts U S Rubber. U S Kub Ist pt U SSmelt(3% U S Steel(7). U S Steel pf( Unt Leaf Tob(3) Univ Pipe & Rad Utll P&L A(e2). Vadasco Sales. .. Vanadium (14).. Van Raalte pf... Vick Chem(4)... Victor Talkg(4), Vict Talk M cfs. Vietor pr pre7).. Va-Caro Chem -CarCh 6% pf. Car Ch pf(7). Vulcan Detin... Vulcan Detin(A) Wabasi........ Wabash pt A(5). Waldorfilg)... Walworth(1.20). Ward Baking B.. Warner Bros Pie Warn Bros P rts. Warner pf(2.20) Warner-Qu(2).. Warrn Bros (15) Warren F&Pipe. Weber & H (j4). Webstr-Eislohr., Wesson O&S (2). Wes O&Sno pfi. W Penn El pf(8) W Penn EI pf(7) West P Po pf(7) West Dairy B... West Maryland, West Md 2d pf. West Pacifie. . West Pacific pf.. W U Teleg (3) Westhse A B Westinghse(4).. Westhse 1st(4).. Weston Electric, White Eagle(2). White Mot(1)... White Rock (3). White Sew Mach White SM pf(4). 110 8814 101-7 101 2l 21% 123 Ry 110 89 101 211 123 HARRIMAN & CO. ESTABLISHED 1888 TRINITY BUILDING 111 BROADWAY, NEW YORK - MEMBERS NEW YORK STOCK EXCHANGE NEW YORK CURB MARKET ASS’N. - BRANCH OFFICES HOTEL BILTMORE 341 MADISON AVENUE N ANCE ON ith ST ET 43rd STREET and VANDERBILT AVENUE bt - e L 464 103'2 103 Bank Deposits Lower. sl Bank deposits in reporting member banks are l?wer than they were a year ago, and member banks are borrowing more from the reser'v‘: bank to meet e needs of their customers mBufldmg permits issued in January 1929 were fewer in number and very much lower in estimated valuation than permits issued in January 1928, although this comparison 201'% 204% 200% 202 serious as might be thought, valuation| AtlCoast L(t10) 184 154 183% 133 figures in January 1928 having been | At Gult& WI.. 40% 40% 40's 40% much higher than in any other January | Atl Gulf pf(3).. 54 54 54 54 on_record. Autlan Ref(f134) 56% 564 5% 56Y% Wholesale trade in January, 1929, |AusCred(4.49).. 62 62 62 62 was less in most lines than in January, | Austin-Nichols. 7 7 7 1928. AutoSales...... 24 24 24 AutoSalespf(3) 37% 3713 87 Local Bank Director f‘:f':?w pe|AUtOSRDAM). 45 47 45 William D. Sullivan is bellev the | Bald Loco pf(7). 116 116 116 116 the oldest active bank director in the |y, 1104 0(6).... 120% 132% 1284 131 city. ‘Mr. Sullivan is now 90 YEArs O/ | Balo & O pf(A). 794 0% 915 T9% and has been a director in the Linc Bambgr pf(6%). 108'3 1081 1084 108% National Bank for about 39 y‘;as. o; Bang & Ar(3%). % 72 69 69 ever since the bank was organized and | g, ryer Bros(2). opened for business in 1390. Barker pf(6%). Mr. Sullivan rarely misses 8 meeting | garnet Leather.. of the board and greatly enjoys these | parnsall A 2). 39% 39 sessions with the other financiers Who | Bayuk 1st pf(7). 105% 105% 105% 105% guide the destinies of the bank. He re- | Beacon Oil. . 23 2213 221y tired from business years ago, but for | Beecn-Nut (3) 8915 981 half a century was engaged in the hide | Belding-Hemwy. 12% 12a business in Washington and Alexandria, | Belg N R pf(16). 82 82 accumulating a modest fortune. Best & Co(3).... 89% 88 88 "The veteran bank director makes his | Bethlehm St1(4) 102 994 100% home at 1409 Eighth street northwest, | Beth Steel pf(7) 121 121 121 121 where he has lived for nearly five|Blumnthlpf(7). 103 103 103 103 decades. Mr. Sullivan appears to be a | Booth Fisheries. K Th Th man 20 vears younger than he is. walks | Booth Fish 1st.. 51 51 b5 with a firm step, is always cordial and | Borden Milk(6). 185! 186 184 184 glad to have word with his friends. Boston & Maine. 9% 98% 98% 984 Prices Steady on D. C. Exchange. Botany Mills (A} 12% 124 12% 12% e :t::‘:; léltl;‘co s:w. 50% 48% d48% Trading was rather quiet on e | British Empire n 4% 4l 4l Wuhlngn‘on Stock Exchange following | British Emp 2d.. 9% 9% 9% 9 the triple holiday. Washington Rail-|Brockwy Mot(4) 64 64 61 6lia way & Electric 45 were vopular in the | Brockway pf(7). 130 130 130 130 bond division on a $29.000 turnover, all | Bklyn-Man(4).. 77 78 764 76% priced at 88%. Washington Gas 2“ grg;zsshnme(:;b?) % n 4 v % s | B: 0 . 7 mm‘v%:;'u 1061; and Capital Traction g' unly:etgll) 32:: g:\ i e mber of small sales | Brunswick Ter.. 3 % B4s% 3a% mTlheocl:l ‘l‘a:::ek ‘n:euks, Riggs National | Bucyrus(l)..... 38 38la I8l 38l moving at 571, Second National at 256, Bucyrusev(2%) 47h 47l 46% 46% Tinion Trust at 351 and Bank of Bethes- | Bucyrus pf(7) 116 116 116 da et 8215, the latter stock having re- Burns Bros(B). -Jf 81t 31 cently experienced a sharp advance. .luu} 105 105 Potomac Electric Power 51 per cent 275% 270 271 preferred sold at its recent price of 5% 3% 73% 10815, Washington Railway & FElectric llD‘_ 110 110 preferred came out at 9853 and Cabital 8% 84 8% Traction opened at 105 for a 10-share 10 10 10 lot and closed at 1043 on two 10-share 324 324 324 Terminal Refrigerating & Warehous- (1) 3 1: ing Corporation, which has recently dis- | BY-Prodets 123. 117 plaved considerable activity. opened at|cCang Pack(4)... 76 30% NY Stm 1stpf 7, Norfolk Sou 2%. Norf & Wn(Tiv) Norf & W pf(4). NorAm bl %stk NorAm Ed pf(7) No Germn Lioyd Nortn Pac(5)... Nor Paccfs(b).. PERSHING SQUARE BUILDING 42nd STREET and PARK AVENUE WILMINGTON, DEL. 923 Market Street BALTIMORE, MD. Gunther Bullding Fayette and St. Paul Streets RYE, NEW YORK Westchester Biltmore Country Club Washington Office 729 15th Street N.W. Telephone Main 1603 PATERSON, N. J. 45 Chureh Street PROVIDENCE, R. I Providence Biltmore Hotel OppenhmCol(4). Otis Elev pt(6).. Otis Steel...... Otis Stl pr pf(7) Owens Bot (c4).. Pacific Coast. .. eucific Gast2).. Pacific Gas(rts). Pac Lightg (3).. Also Direct Wires to + CLEVELAND, OHIO 207 2 ) 5215 Packard (13%).. Pan-Am Petrolm Pan-Amer Pet B. Panhandle Panhandle pf. Paramount-F-L. Park & Til(13) Fatino M (3.89)., Peerless Motor.. Penick & Ford. Pena Dixie Cmt. Penn R R(3%).. Pere Marq (18).. Pere Marq pf(5). Pet Milk (13%) Phila&RC& Phil Morris(1) Phillips P (1%). Phoenix Hosiery Plerce-Arrow... Pterce Oll. N Plerce Petrolm. . Pilsbury (1.60).. Pirell, Italy (A)« Pius Coal...... PittsCC&StL(5). Pitts St pr(7) Pitts Term Coal. Pitts Ter pf(6).. Pitts&WVa(6).. Por RicoToA(7). PortoRicoTobB., Postal T&C pf 7. Postum(3)...... Prairie Oil&Gas. Prairie P L 13%. Pressed St Car. Produ & Refinrs. Producers&R pf, Prophylactic t4. Public Serv 2.60. Pub Serv NJ rts. Pub SerNJpf(5). Pub Serv pf(6).. Pub SE&G pf(6) Pullman Co(4).. Pure V11 (1) Pure Oll pf(8) Purity Bak(3) Willys Ov ¢1.20.. Wilson & Co.. Wilson Co pf A.. Wilson & Co pf.. Woolworth (6).. Worthn Pump. .. Wright Aero(2). Wrigey ((13%). Yale&Towne(4). Yellow Truck... Young Spring.. 60t Youngstn Sh(6). 113% 113% Hourly Sales on N. ¥, Market. 10:30 a.m.. 537.600 12m... 1,839,100 1:30 p.m. 2,856,100 2:15 p.m 3,370,900 67 42 Burroughs (15). 270 Bush Term(g2).. 75 Bush Ter de(7).. 110 Butte Cop & Zine 8'% Butte & Sup(2).. 10 . 324 .ot 150 nit_of t ng 33 1n preferred stock, 3 ® Paid this year—no re able c Plus 5% in d @ Payable in cash Plus 6 & Plus "1/720° share ‘u'llln.ur 2 us m Payable 1/10 share quarter common stock. B 1%% in 17 37 i 3 % 75 . or 543 and closed at 545;. Mergenthaler | Callahan Zinc... 3% 3% 8% 3% and Peoples Drug preferred are now be- ] Calu & Ariz (6). 137% 139% 137 13745 ing auoted ex-dividend. although neither | Cal & Hecla(4).. 57% b59% 57% 5% stock changed hands in today’s trading. | Can D”j;i"* ¥ ngi{ . -.g;. _gz , B3k Heard in Finaneial District. . S manwichaa 2ho Robert V. Fleming, president of the | Caro Clin&0«4). 92% 928 District Bankers' Association. and How- | Cavanah Dobbs ard Moran, past president of the same | Celotex Co (3)... organization, will attend the SpringCelotexpf(1)... council meeting of the American | Cen Aguirre(2). Bankers' Association, at Beloxi, Miss. | Cent Alloy(2)... 49 Mr. Fleming is a member of the execu- | Cent Alloy pI(T) lll? 2 tive council and Mr. Moran of the exe- ‘c""::l'dy“;"'::;: T I}J 1:“‘ a;x:sl;zn council of the savings bank et 200 ezt T mtn he S Chandler-Cipt.. 40 40 40 40 The S. S. Kresge Cn. today reported | - 4 : . 49 February sales at $0,174.318, compared | &0 Corpn(dy.. B0 81 804 B with $9.319,662.38 a year ago, a gain !, ;' . o ]6- o ~16- H of 487 per cent. Sales for the first two | Shi& Alton. ... e LTl months of 1929 are 4.53 per cent ahead 37 4 of last vear. 63 ‘The McCrory Stores Corporation re- o ported February sales today as $2,843,- N 335 against $2,870,077 in February, i 1928, a decrease of .9 per cent. For i the first two months of the year, how- %0 ever, sales were 4.4 per cent better than 514 in 1928. 2 F. & W. Grand 5-10-25-Cent Stores, R e Inc., report. sales totaling $1,175.275 for sl g February, against $901,454 for February | Gniiqu(s.40) Sen 50w Biw bew last year, an increase of 30.3 per cent. | cyie Cop (33%).. 110 117 110 117 AT ariotl w aalar ot | Sl Mot ) 112 el 1L il Mo e City Sto. G " 334 per cent over the $1.701848 total | Gty Siores ()., 25% 25% 25 25° reported for the same period of 1928. Cluett-Peab(5). 69% 69% 685 68l Department Stores Sales Gain. Coca-Cola(6).... 133% 133% 131} 131% Coca-cola (4) 49 49% 49 49 Washington reported- a gain of 2.9|Colias & Aikmn. 66 67 65 6 per cent in department stores sales in | Col Fuel & Iron. €1 75% 7l January, compared with January, 1928.1Cojo Fuel pf(8). 133 133 133 Richmond had & gain of 6 per cent, |Col & Southn(3). 118% 120% 118% 120 while Baltimore and other cities report- | Col Sou 2d pf(4). 724 724 172% 72% ed a lighter sales volume. The gain for ( Col Gas & El1(5). 1456% 147% 145% 147% the fifth district as a whole was 1.1 per cent. The Washington stores reported Col Gas&Elnew. 60% 60% 60 60 Col GRE DfA(6). 104 104 104 104 to the Federal Reserve Board that they were carrying @ 1.1 per cent larger Columbia Graph 74% 76% 72 72% ColCarbon t434. 144 147 1424 14214 stock than a year 8go. The rate of | Com Credit (2).. 53 531 bl% bHlt stock turnover in this city was also just | Com Cristpf 6% 101 101 100% 1088 a bit more rapid. Com Inv Tr (4).. 180 180 180 1x0 | A.T. & T. Stock Increase Vote. Com Inv (war).. 58 58 58 58 Com InTrpf 6% 96% 96l 9615 9614 Com Solvnts(8). 261% 261% 258'y 258Y, In a letter accompanying proxies|Com Power(13). 130 132% 126 28% sent to stockholders of the American |Congoleum-Nair 28% 28 28 Telephone & Telegraph Co. for the an- | cons corg 5).. 86 Sy nual meeting on March 26 next, the stockholders are advised that they will be asked to vote on increasing the Consol Cgra (7). 917« 9% 90% 9 Con Cgrs pf(7) 99% 99% 99% 99% | Lehn & Fink(3).. authorized amount of capital stock from $1,500,000,000 to $2,000,000,000, con- ConCizprot(614) 9414 941, 9415 9415 | Lig Myera(15).. 1Gas (3).. 109% 110% 108% 108 | Lig & M pE(7)... sisting of $100 par value shares. et ot Dt 3 ConRRCubapf6 65 65 65 65 |LinkBelt Co. Worried because there have been no | Consol Textile. . 4% 4 4% Liquid Car ti%. land, is seeking ways to inducg Cupid 'Container B 60c. 9% 935 93 Loew 10 visit the towa, Cont Bakiug A.. 63 61 61 Loft B i Your Investment Hol Now— CHICAGO LIVE STOCK MARKET CHICAGO, March 5 () (United States Department of Agriculttire) — Hogs—Receipts, 19,000 head; market opened 25a35 higher, the later trade 30 a45 higher; top, 11.75 paid for occa: | sional load of 200 to 270 pounds. Large- ly an 11.35a11.60 market for desirable 160 to 320 pounds. Butchers, medium to choice, 250 to 300 pounds, 11.25a11.75; 200 to 250 pounds, 11.25a11.75; 160 to 200 pounds, 11.00a11.75; 130 to 160 pounds, 10.25a 11)65; packing sows, 10.25a10.65; pigs, medium to choice, 90 to 130 pounds, 8.85a10.85. Cattle—Receipts, 6,500 head. Calves —Receipts, 2,000 head; steady to strong active trade on light steers and year- R lings; lower grades predominating in Rcmlngtn-mnd: 3 3 the run, bulk selling at 11.50a13.25; Rem-Rd 18t(7).. % weighty steers scarce but slow; prospect top yearlings around 14.75. Slaughter classes, steers, good and choice, 1,300-1,500 pounds, 12.25a1450; 1,100-1,300 pounds, 12.50a14.75; 950~ 1,100 pounds, 12.25a14.75; common and medium, 850 pounds up, 9.00a13.00. Ped yearlings, good and choice, 750-950 pounds, 12.75a15.00. Heifers, good and choice, 850 pounds down, 11.50a13.50; common and medium, 8.25a11.75. Cows, good and choice, 8.50a10.50; common and medium, 6.90a8.50; low cutter and cutter, 5.50a6.90. Bulls, good and choice (beef), 9.40a10.50; cutter to medium, 8.00a9.40. Vealers (milk-fed), good and choice, 14.50217.00; medium, 12.00214.50; cull and common, 9.00a 13.00. Stocker and feeder steers, good and choice (all weights), 11.00a12.00; common and medium, 8.50a10.75. Sheep—Receipts, 8,000 head; early trading steady to strong; bulk fat lambs, 16.50a17.00; early top, 17.35; sheep held ?;:;I-nser; feeding lambs steady, 15.50a Lambs, good and choice, 92 pounds down, 16.00217.40; medium, 15.00a16.10; cull and common, 11.00a15.00. Ewes, medium to choice, 150 pounds down, BALTIMORE 8.0029.75; cull and common, 3.7528.25. m%er lambs, good and choice, 14.50a A i OW is the time when you should carefully examine your list of investment holdings and determine their posi- tion. Each stock or bond should be thoroughly analyzed and the following essentials considered: 49% 112 17 Deees Radio-Keith(A). Radio-Keith rts. RS Cefs(4) ReadingRy ( zaldlnl 18t(2).. Chi & Alton pf.. Cni & East I11... Chl & Kast 11l pf Ch1 Greut West Chni Gt West pf. ChiMil & StP.. Chi Mil & StP pf Chi & Nwn (4).. ChiP T pf(3%).. 1 Is your invested capital earning as much as it should? What is the trend of values behind your securities? 2 Chickasha(3) Are earnings increasing or are they falling off? Chi Yel Cab(3). 206% 121% 12% 109 N% 68 Are you in a position to keep in constant close touch with the ever-changing conditions affecte ing the companies; their position in industry, general economic and financial conditions, etc? Rep 1 &S pt(7). Reynolds Spng Reynolds Tob B. Richtield O11(2),. Rio Gran RossiaIns 16%. Royal Bak P(1).. Royal D(a1.336). Safeway (3).... Safeway pf (7).. St Jos Leaai13). StL & San Fr(8), StL&Sank pL(6) StL&Southwest. Savage Arms(3) Schulte (h3%).. Schulte pf(8) 1 Seab Alr Lin Seab Air L pf... Seagrave(el.20). Sears-Roe(32%) Seneca Copper. . Shattuck FG(2). Shell Un(1.40).. Shubert The(5). Simmons Co(3).. Simms] X Sinclair (12%) Our Statistical Department has the latest authoritative information on practically every investment security and will be glad to examine and analyze your list of investment holdings without any obligation, Of course, all information submitted will be treated as strictly confidential, A circular describing in detail our statistical service and its value to you in investment analysis will be sent on request. Call or write for circular WS-§ G/LLET & Co. BANKERS INVESTMENT BUILDING 'WASHINGTON, D. C. Telephone Main 2460 &= —— =X ACOMPLETE INVESTMENT SERVICE 56 EASTON. MD, fll'/i . Hope Engineering Corporatfon of New York has closed a contract with Sinclair Refining Co. to build a 360-mile 10 and 12 inch pipe line extending trom Drumeight, ., to Joliet, TIk, : et So Po R Su f2%. South Calif Ed.. South Dairies A, South Pac(6)... [} 134% 131% 150% 149 99 98Y 21 121 ConsolGaspf(6). 99% 100 99% 99'% | Lima Locomtve, e = ‘weddings in six years, St. Andries, Eng- | Container A 1.20 19% 19% 19% Loew’s (13) o8 e D iy A 63 121 SouRyM&O cf: 121