Evening Star Newspaper, March 7, 1929, Page 13

CURD SHARE WEAK N HEAWY SELLNG Liguidation of Long Ac- counts Is Extended to All Groups. BY HARRY H. BECKER. Bpecial Dispatch to The Star. NEW YORK, March 7.—Fresh weak- ness broke out on the Curb Exchange today under the influence of continued high money and prospects of further tightness of the credit strings next week. | ‘There were no violent breaks, but there was no doubt that liquidation of leng stock was coming out in volume. As in the preccding session, the down- ward trend affected all groups. Heavy pressure was directed against the aviation shares, the motors and numer- ous indusirial specialties. In fact, only a few stocks were spared and among these American Department Stores scored a good rally, with support ex- tended to Checker Cab, Aluminum Co. of America. Trans-Lux, several of the utilities and one or two of the repre- sentative olls. The widest fluctuations occurred in | Aviation Corporation of America and Gold Seal Electric, both showing ex- treme weakness at one stage. Auburn Automobile lost considerable ground and Sparks Withington, Dominion Stores, some' of the radio stocks and automo- bll:ednccuscry issues, were freely sup- e FINANCIAL." “NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Special Dispateh to The Star. a list of stocks and bonds traded in on| 12 Ala Pow the New York Curb Market today: INDUSTRIALS. eds. 13 Alexander Tnd . 3 Allied Pack AR M cvt propart.. 3 10 Aviation Co of "Am 4 Aviation Credit 2 Bellanca Airc vic THE EVENING Isatenin BONDS. NEW YORK, March 7.—Following is | "'g3%, Dajries 65 02 8615 8010 861 a8, 0. .. : 4 s s 1l 10103 Am Aggre Cor 65 ‘43 3Am CASGE] §s 2028, 9815 95% 951 Am PALL 65 2010.... 1057 23353233552 253283283323358 2223 Gent Child: 8212 82': 821 815, 98': 98% 94 94 81 8% 4Ia NL & P 5s A '57 91% 81% 91% 10 Kelvin Corp 65 '36... 74 = 74 = T4 11Kop G & C 58 901, 9al, 99%; 74 Kreuger Tall 5s 'S9. 901, 987 99 12Lehigh P 65 A 2026 103% 103!a 103% N & L 5543 803 90% 90% 30 Louis P&L 55 '57, n 96 951, 96 2 Mani Pow 5igs A '51 100 ~ 99% 993 1 McCord Rad 8s 43, 8% 08): 08l 93', 9342 10813 : 710 97la 53 105% 1053, STAR, WASHINGTON, BY KENNETH S. VAN STRUM. NEW YORK, March 7.—Figures of recent weeks indicate that the oil in- dustry is controlling production some- what more effectively. The rapid in- crease in production during the closing weeks of 1928 and the early part of this year, which resulted in the January price cuts, has been brought to a tem- porary halt at least. But production is still on too high a level to eradicate entirely the threat of tremendous over- production in 1929. A broad rise in most oil securities is not expected until the production situ- ation is further improved. A relatively small over or under production of oil brings about prosperity or depression for the industry, because demand is fairly inflexible. It has been stated that a 5 per cent change in production will often cause prices to change as much as 50 per cent. AMention is being paid particularly to the Oklahoma, Texas and California fields, which produce about three-fourthe of the country’s oil, for first signs of a turn for the better. ‘With over 300,000 producing oil wells in the country, many of them owned by small producers, who frequently cannot derstand the desirability of conserva- tion, one wonders what the situation would have been today if the original Standard Oil Co. had been allowed to continue the domination of the oil in- dustry, which it enjoyed until its dis- solution under the Sherman act in 1911. For today, instead of one predominant force, there are many large units strug- gling for business. The disintegrated sections of the Standard Oil Co. are even beginning to encroach upon each other's territories. | satisfied by further realizing and prices | D. C, THURSDAY, MARCH 7, 192 conditions throughout the industry are particularly trying. Continued overproduction and the possibility that crude oil and gasoline prices will soon be lowered if drastic ! measures against overproduction are not taken make the immediate outlook rather discouraging. In a recent issue of the Lamp, the publication of Stand- ard Oll of New Jersey, it is suggested that unless production is cut immedi- ately the industry will face the same chaotic situation which existed in 1927 Rather than to try to anticipate when these changes will take effect, many be- | lieve oil securities should be allowed to | drift until the period of uncertainty is | over. (Copyright, 1929.) \COTTON IS STEADY | ON OPENING SALES, Covering and Rebuying by Recent | Sellers Is Cause of Upturn. By the Associated Press. NEW YORK, March 7.—Cotton open- ed steady today at an advance of 9 to 14 points on covering or rebuying by | recent sellers and a renewed demand from the trade or commission house | sources, which was promoted by rel: tively steady Liverpool cables and con- tinued favorable reports from ecotton goods markets. May sold up to 21.07 and the new October contract to 20.22 on the initial demand, but this was! eased off some 6 or 10 points from the best during the first few minutes. The dip seemed to bring in increased buying, however, and the market was steady at the end of the first half hour, with prices 7 to 10 points net higher. COTTON CARRYOVER TO AFFECT MARKET Sharp Movements in Price Are Expected With New Crop Offering. special Dispatch to The Star. NEW YORK, March 7.—How much |, With the stocks in the Wheeling & cotton will be carried over when the first of the new cron becomes available for spinners is a question which today is agitating the cotton market and is having a bearing on securities in other speculative lnes. Speculators are tureing toward com- mitments in the raw staple as promising sharp movements one way or the other shortly. Consumption for the last two months has been higher than for any January and February since the Winter period. The 1928 crop yielded 14,173,000 bales. Carryover at the beginning of the 1928 crop year was approximately 4,000,000 bales. This made available about 18,- 173,000 bales. Consumption for the 1929 crop year ending in July is, of course, not abso- lutely determined, but expert statisti- cians place consumption at over 15~ 250,000 bales. Some anticipate a 16,- 000,000 consumption. This would leave a carryover of around 4,000,000 bales or a little more; compared with 5,000,000 in 1927 and 7,000,000 in 1926. Indeed, such a carryover would scarcely be re- garded as giving protection to con- sumers, Many experts consider a 5.- 000,000-bale carryover essential to nor- mal conditions. Moreover, the outlook for the next crop at the moment is none too bright. It is still far too early to determine FINANCI WHEELING & LAKE ERIE PURCHASE PLAN HINTED By the Associated Press. NEW YORK, March 7.—Allegheny | Corporation, holding company for the | Van Sweringen brothers’ railroad stocks, | was reported in Wall Street today to| be negotiating for purchase of Wheel- | ing & Lake Erie Railroad stocks now | held by the Baltimore & Ohio and New: | York Central Railrcads. It is under- | stood negotiations will be completed | this week. Lake Erie held by the Van Sweringens’ Nickel Plate Railrcad, Allegheny Cor- | | poration will hold the controlling in- terest if the present negotiations are carried out. The Chesapeake & Ohio, another Van Sweringen road, has ap- plied to the Interstate Commerce Com- mission for permission to merge the Wheeling & Lake Erie in the Van Sweringens’ plans for an Eastern trunk line. The New York Central's and Balti- more & Ohio’s holdings in the Wheel- ing & Lake Erie are practically equal, consisting of 56,000 shares of common, | 38,397 shares of prior lien preferred and | 4,933 shares of preferred. U. S. EXPORTS' GAIN | SHOWN IN SURVEY By the Associated Press. Distribution of exports from the United States made during the second quarter of 1928, as fixed by the Com- | merce Department, put New York and | Texas far ahead of other States of the | Union in value of ccwmodities shipped | abroad. | For the three months’ period ending | June 30, 1928, New York was credited V% o1 13 BIG INCREASE SHOWN IN AIRCRAFT OUTPUT By the Associated Pres { NEW YORK. March 7.—Aircraft year book figures released today by the Aeronautical Chamber of Com- merce of America show an increase of 140 per cent in commercial aireraft pro- duction in 1928, Approximately 5,000 planes and 3.500 aircraft motors were built in the United States last year with a valuation of more than $75,000,000. In the commercial field biplanes out- numbered monoplanes two to one, but the valuation of the monoplanes was greater. This is explained by the in- creasing use of biplanes for small open cockpit ships and of monoplanes for larger cabin jobs. ‘The figures place Wichita, Kans., In the lead for production with 927 planes built during the year. New York is second with 857 planes, but the value of the New York ships was more then twice that of the Wichita output, there being many more large planes. In the number of planes built Ohlo was the third State with 816, Missourt fourth with 736. Colorado fifth with 341, Illinois sixth with 248, Michigan seventh with 181 and California eighth with 140. Money Availablc {Ol’ FIRST DEED OF TRUST LOANS On Completed Properti for Construction U. Reasonable Interest and and : with furnishing goods to export with Commission Rates Interest in the copper group was en- ? 2 Standard Oil of New Jersey. Private cables reported local and |either acreage or yield, but weather i livened by initial trading in Anaconda ANa PO Sh 3 Standard OIl Co. of New Jersey 1s|BOmbaY liquidation and some hedging | conditions in many of the cotton States | 5o i of S214818.670. while the figure AM F. SHEA Copper rights around $30 a share. An- 6 Niag Falls P g = by far the largest American ol c’(;m_ in the Liverpool market, but said it had | have been unpropitious for early work | giate Michigan, was credited with . other new listing, Irving Air Chute, met 3 Ohig Riv Ed 5515 pany and one of the two largest in | DCEn absorbed by trade calling and con- | in the flelds, The fertilizer industry re- | s7 9g1,586 in exports for the quarter, | 643 Louisiana Ave. N.W with an active reception. 19 Qkood, Co 61 "3 the world. Its activities cover every | tinental buying. There were rumors non;1 that L:]he amount of soil food used | ""Iiredtor Klein of the Bureau of 7 TR G NN prse‘;;",;!g“»"}gfio‘geyhiiggfu& ke e ot » u;i? Wi ol i phase of the industry, from producing, 'S’;,’:,fi,,},'.‘s ity !;‘ll:cr:da g rmit e Thees o merce exs Alleghany Corporation was negotiating | § Coneal B’ 2214 13 ’;:‘Tr:bé"",‘,-';"s"? o o f;fifim{‘""mg mrrr‘al:)gn;o :ffmn;isoelg\? world’s consumption of American cot- | always the boll weevil to account “’“?t:l"xlssncs nass:guglgti?:e a..f:x'.;s S'La‘:;stn;f for New York Central's and Baltimgre| % Sonsol & Baiii:i " 10 000 | RKRRA On 8he 31, 90" pumps. Its producing activities cover | ton for the first half of this season at | some losseg. export goods are based on bills of und .. % 5 &uohlo's holdings. oThese Jure practi- cally equal, amounting to 56,000 shares of common. 38397 shares prior len| | Sourtaulds pid preferred and 4,933 sharés preferred. 7 Curtiss Aero Exp. Other stocks to display good resist-( 10 Qurtiss Flying S 11 Consol La 178 9 Roch Cent P 1Cons Ret Strs 929 99 ) §Roch Cent P 5e A 83 88 23'a 883 |the globe, extending into Mexico, South | 7:613.000 bales. 38| 19Schulte R E 65 '35 x 93 92', 93 | America, Europe.and Dutch East In- Bl ISl B Wil 81 6" 8 | dies bosides Texas, Oklahoma and ¢ A2l 40 South PAL @s A 2025 1037 103'% 103%, | California. In addition to the com- 4 Sou 1 Ed 5s 'S1...101 101 101 As to manufacturers’ takings, the rate | j5 i, and in consequence are not en- of activity Is upward. One of the largest | reiy*reliable, since the export, of goots mill agents has just withdrawn some of | produced in one State frequently is its lines as oversold to allow the mills & A made from another State. Baltimore Markets ’ to catch up with orders. The Cotton i Vi . e ¥ any’s old field of tivity t California was placed fourth, with ance power included Goldman, Sachs| 3 Banich Reeves 24l 580 G E 101x, 101, 101y | Riound New Jersey a.rfde:nncse;;V;:?lg. Textile Institute has done much to POD- | exports for the quarter of $76,167,085. | l Trading, U. S. Preight, the Marconi De For R C. . 20, 5 South Cal G 88 e 9834 3931 !the company recently made & move | Spectal Dispatch to The Star. e o s ok rss (80005 | Other leading States were: Pennayl- | Omp ete shares, Haygart, Niles-Bement-Pond, 3t 2 Dominion St Lid 149% | 10 South Cal G Ss '37.. 920 92% 620 . New ‘s P susich to The.Slar, and to find new ways of using fabrics. ia, $69,895180: Louisi $58,165,- . Haygart, ent-Pond, St. 2 Douglas Aircraft 259 18outhw P&L 6s A 2032 10312 1032 10812 | toward Standard of New York's terri- | BALTIMORE, Md. March 7.—Pota- vania, $69,895,180; Louislana, 165, Regls Paper and Bohn Aluminum, 15 El Bondd:sh Se | 2Staley Mig 65 43... 98% 98% | torv by buying the B oil G e ot (o E The electrical trades are taking mil- | og7. " New' Jersey, $55242,633; Ohio L BE Bongash sec ‘3 7 Stand Lo6s 5 ory by ying the Beacon 0., | toes, white, 100 pounds, 1.00a1.25; new |lions of yards of cotton fabric for wire $50.381,465; Tllinos, “9 963,586, and Investment 6E Invest Inc 15 8wiTt & Co by '3 potaltoes, bushel, 1.50a2.75; sweet, pota- | proteotion and_ insulation. ,381,465; s, $49,963,586, ‘The auto- bt toes, barrel, 1.50a3.50; bushel, 75a1.60; | mobile makers are absorbing a huge | Visconsin, $33,795.756. Y yams. barrel, 200a3.50: beeis. crate, | quantity and replacement of jute bags |, One of the more remarkable export 2500275, beans, - bushel, 175335: | by cotton containers will extend con- | InCreases was credited to fatka. for cabbage, hamper, 1.00a1.50; carrots, |sumption. "All these facts will have | SXPOTIS Trom Ul ferftony, 1o the sce- bushel, 150a1.75; celery, crate, 1.258 |some effect, direct or indirect, on the a : SHIPPING NEWS 3 Evane Nl L E I Lead 11 Fairehild Avtation Service Arrivals at_and_Sailings From Tork. 20 Fokker Airp Am 3 SYLE & powns A s 00 08 & 225; cauliflower, crate, 2.002.25; egg- | scourities. of _textile manufacturers, | 305 & fotal not lares In lself, but| 28 2 11 Wike" cont s 30 .. 973 $7% 97% plant, 7;9;:6{“3950;12& ale, barrel, chemical companies, tire makers, auto- | SO ("7 5570 e same periodin | Al C 8 | Sales i FOREIGN BONDS. " i ” B~ g lmo le manufacturers, electrical equip- 1927. " “ e ehectanons criise Fopruasy 23 | 3 Gen ‘Bronse shit | totanas. W s, 100 pounds, BOORTO00; parsmips, | e corporations and a score of other | *“Tiiy total exports of merchandise GreLeT & CO. Banker—London. .-+ . Pebruary 23 Cable wa. 05| 8 Buenos Alres Bire d Yaens 8a%s 8% Beibet a0aKS, Sear. Brsks : | lines. from the United States during April. | BANKER i s e i ] ol i 3Eur Mtg & In 7s C 167 81 = 91 = 91 peppe! 1.50a4.00; squash, crate, A 7 May and June of 1928 were valued at INVESTMENT BUILDING : o] 223 | §Eland Res Mtg 6 61 3004 finach, bushel, 75a1.00. | ECHOES MAY AID FLYERS.|$1.149.940,627, an increase of §14,137.- RGTORIDC. 5 Prankfort 6'zs '53.. 94 .50a: spinach, ushel, 75a1.00; | " ey . ‘WASHI! . D. A SROPRY. & %8| 14Free St Prus s 33 tomatoes. crate, 1.00a3.25; turnips, 408 over the export figures for the 5 FachiraoLa Gparra. . February 38| 13 Gole " Seat miee. 7 88i3| 12ger cons Mun 73 747 07 basket, 50a60; apples, bushel, 75a2.00: Sl same months in 1927. Telepbone. Mam 14 Minareo—Numsau, ren 31 - §goiman saphs 5L 1',';?2 108% 1077 o] Berpon s “n}l g cranberries, half _barrel, 7.008.00: | Scientist Seeks Way to Guide e AR S— —Bermus 3 > > . rl by . % . . o T MR ot M e Ll it 8 TR BEhAIl Stemp, 19003351 oranes, hox,| ° Plane in Fog. Plan Big Holding Company. 13 Haprar HONE i i m:.‘,:l;?::‘?“‘z o 88 A 40! 2.00a3.25; strawberries, quart, 15a30. | 1LOS ANGELES, ().—Echoes are| NEW YORK. March 7 () —Plansare —Semmmmmmeismimmmm™ 34 Hercul Powd pfd | being dr in London for a company Dairy Market. under study here as a possible method | D¢ing drawn 5 i Poultry, alive—Young turkeys, pound, for enabling aviators in the fog or dark- to dominate the world market for cocoa, | T, d -4 palm oil and other West African prod- CompLETE FiNnANCIN s u o # [ndust Fingnce pld 81 2 Santiago 7s 49 i lesia 7s 58 32a42; old, 25a35; young chickens, 34a | 1esS to determine how high they are through lidation of the Niger | Fresiacnt Hardme: A % | 3 BMies. 7 42; small ‘and_poor, 20; old hens. 20a | above the earth, % O (e Atrican & Battaen Trad’iznez Pebruary26{ 3 Int ‘Cle Mach 7 Bwiss Govt 5 30; Leghorns, 20a20: capons, 33a42; old | | The attempt to produce this sound | oo Syl Street hears. DUE SATURDAY, MARCH I Iteen e : L Toosters, 17a20; ducks, 20a32; gulnea | altimeter is conducied by Prof L. P. Ist & 2nd Srayonya—Wem Iadies” o 4 Tnterntats o 0 ¥n o T 1927 1928 fog;e:::;"_%fii‘:'ys?\%firxg‘v ‘:,':,‘;,‘3”'3%1 of deep sea sounding, now known as the | Antenio Lopes—Barcelon: iaine Air Qo | W in warrant 42: old, 25a35: chickens, young, 3%a38; | Sonic principle, which the United States | | TRUST MONEY Kerissa—Trinidad Fjomas & Naumih:: 173 i ——e——— operating “Colontal” filling stations in | Old and mixed, 26as2; capons, 34add; | "o e "heliaceo is studying how to regu- | The Commercial Gtiirs Wikinpioe-Bramerhvia’ i @1 &0 WHEAT IS HIGHER mote “Tebenly ‘they ntered - nto a | , EGU—Recelpis, 1141 ceses; mative | (15 motor nolaes o sireraft and invest| i etuidie —1 7 14 s - , or | 3 n homes, apartmen Mexico—vers C k Ny ony b . project to pipe natural gas from Texas | :g%&egro‘;g;““' 353836 current re- | &0y oed, from variqus-types of Iand sig- National Bank buildingssad ’lm x . > ot ¢ 343 30% 3% ADING to St. Louis. Butter—Good to fancy, creamery, | faces. The sounds whose echoes are - 3n B An IN EARI_Y TR The company's balance sheet totals; .| .4 4ga53; prints, 53a55: blocks, Sought will be produced by whistles, Pays interest on DAILY BAL- properties. No appraisal e o i fie 12 close to a billion and & halt dollars. | Kiice" 5da3s: store packed, 29; ralls, |sirens and possibly other kinds of nols¢ ANCES o5 Savings' Accounts. fee. Prompt service. ArBl vy i 3 g, o | RE e o ro ian.™ g | 308321 dairy prints, 30a32; process | makets. Brof, Delsasso ls n the physieg | A" v : » : e Sirsade e 0 % 2% 2% Freezing Weather Results in Up-| fnoncial position of the company 1s, | Dutter, 41a42. > ooy Interest -;nr: mmd DAY v | mnnun—min h 2 . of course, very strong, and the com- Hay and Grain Prices. it p iy, deposit an earned to DA’ | R l ES M t 4 L e e 4 turn—Crop Damage Is pany has been even more conservative | Wheat—No. 2 red Winter, garlicky, PARI . of withdrawal. i \(~]} tate Mor! gag Qsear Ii—Copenhasen ' Feared than other st-nd-rd:lin the ml?tfl of | spot, 1.32; Mazrch deltlvebl"y. I.:Z.d it S BOURSE PRICES. Come in and let us explain. i < > dividends. It pays & year plus an Corn—No. export, Marcl lelivery, . b 'r".’.‘u!‘l‘fii‘.flfi""'“fl extra, which gl.vea the modest yield | no quotations; No. 2 yellow, domestic, W;:Rmchng %)e mcr;ch&fis | & Gl!al’aflty COI’P. Coamo—Santo N Sy Ahie Axsoctated Sress. of 3 per cent. At present prices 1t is | spot, 1.09a1.10; cob corn, 5.2585.50. Three per cent rentes, 71 francs 30 cen- | || Resources Over $19,000,000 o ¢ WP g 3 h 7 h jces | Selling at 16 times average earnings| Oats—No. 2 white, domestic, spot,!times; 5 per cent loan, 97 francs 175 ||| 14th & G Streets 24 Jackson Place Main 1403 DUE TUESDAY, MARCH 12, for TOOAGO, Qikrel T —Higher BHOS! aver! pastisix; yoars: 58a5812; No. 3 white, domestic, SPOt, | centimes: exchange on London, 124 | | Albertic—Liverpool 3 reezing | weather _throughout. winter g 5615a57. francs 25 centimes. The dollar was ||| ® GOLDEN DONALDSON, President || T o e Mareh 10 ey Standard Oil of New York. Rye—Nearby, 1.10a1.20. quoted at 25 francs 61 centimes, | Duehess Bedtord-West Tndies crilse; :u;" abnormal '“m" gfl"‘“.,,,,,, In listed asses o ~“dard of New| Hay—Receipts, none. While hay is | reh 9 fears of crop damage. General buying | York is the second l& of the Stand- | arriving here in limited quantities only, Lapland—West Indies cruise rch N ard Ol group. It . .ries on every |it is more than ample for the demand, Mangolia—San Francisco. ruary 23 of wheat future deliveries took place, lied tly by truck Qlympic—Sout! n arch and included purchasing for houses | branch of the oil industry. Its retall | which is being supplied mostly by trucl P asiea—=usacs Alres.... . Resriasy 21 with connections in Europe. Opening | trade name, “Socony,” is known princi- | from nearby points, a few carloads be- | 1, to ', higher, wheat afterward e.,n.ipally in the New England States and|ing received. There is not enough na ivives—Kingston | DUE WEDNESDAY, MARCH 13. nia—Danzig_.. February 14 YR 1nd “March 3 DUE THURSDAY, MARCH 14. Jalcon—la Guayrs .March 5 Rosalind—St. John's Mareh 9 Métapan—Kingston ‘March 9 OUTGOING STEAMER! SAILING TODAY. Dresden—Southampton, Boulogne and Brem- erhaven. Ecuador—Puerto Colombia, Cartagena, Cris- I, orinto and San Franciseo. 3 Progreso and Vera Cruz. Ban Loren e ahd Banto Domineo. “Aconcagus—Cristobal, Callao and Valparaiso; Sagaporack-—Copenhagen. 5 Araeju—Santos. Tigre—Buenos Alires. SAILING TOMORROW. tinued to show strength. Corn, oats and provisions also were firmer, with corn starting unchanged 1, up, and subsequently scoring vances all around. Besides apprehension' due to a quick drop of nearly 5 degrees in temperature in various domestic Winter wheat sec- tions, wheat traders found reasons for a; crop anxiety today owing to complaints of high winds in many States, 70-mile gales being reported as prevailing for hours. Dispatches, too, from Liverpool gave incentive to buyers, light deliveries of wheat there being reported and offer- % {ings smaller than has been the case of late, Notice also was taken of announce- ment that since August 1 world ship- ments of wheat have been absorbed ag- gregating more than 572,000,000 bush- els, compared with 474,000,000 bushels large business in the East Indles, Orient, South Africa and other parts of the world. Through its subsidiary, Magnolia Petroleum, it reaches into both the Texas selling and producing flelds, and through General Petroleum nio | West_Coast territory and into Alaska and Mexico. ‘While earnings of this Standard Com- pany have fluctuated more widely than some, averaging $2.08 a share durln* the past six years, the company is well able to cope with depressed conditions | in the ‘~Austry, and should profit when | the oil industry nmllx turns the cor- | ner. The company’s financial position is sound. The capital set-up of stocks to bonds is about 4 to 1. The stock, paying $1.60, yields about 4 per cent at | present prices and is selling about 19 times average earnings over past six | New York. The company also does a | business passing to establish prices on the various kinds on merit at a range of 15.00a16.50 per ton of timothy or clover hay. Straw—No. 1 wheat, 11.00a12.00 per ton; No. 1 oat, 12.00a13.00 per ton. To Study Poultry. PROVIDENCE, R. I. (#).—An experi- mental farm for the scientific study of poultry and fruits and the diseases which are common to both, is being planned on a 40-acre tract near Peace Dale by the United States Department of_Agriculture. | THE IDEAL INVESTMENT Standard Collateral Trusteed the corresponding time a year ago. Much interest was shown today re- | Vears. garding returns to an m:lulry sent to 700 correspondents in Ohio, Michigan, Indiana and Illinois relative to Winter Standard of California, which has §1" | wheat. The replies indicated the acre- [ formerly concentrated in refining, has | i | age being sown in the four States was | made great progress in the past four Hd Common Stock Shares A TRUSTEED INTEREST in 100 | Roma—Gibraitar, Naples anc | i 3 Standard Ofl of California. H| o des n}nlz\wle)flc-n Corporations. | | 4 Genoa. erbours and Southampton. nes-Cadiz and Barcelona. o—Nassau. T, 8t. Mihiel—Cristobal and Corinto, 2 Thermoid pfd . m-—West Indies cruise. 4 Thomps Prod A Haitl, Port de Palx, Go- 5 Thomps Starrett pfd adi; DIV S “of 48.058 cents per share paid for 6 months ending Jan. This 1s a YIELD at the rate of i ke Dot e ||| 7.54% for the low price of the period Eypas “Copetown. - L Tishman Realty & G i {but 77 per cent of normal, the reduc- | years in the production fleld and in | (376 per shere) and of 5.82% for e A o e g5 3oddy A oo 80 39% 30, | tion being caused by a break in the crop | taking care to assure itself am ample ||| g BB (RN, iciba ana Walter D, Munson—Santos. 14 Trans Lux DL P §'A 129 11% 12 | rotation system as a consequence of un- | future oil supply. Today it is the largest yield over a period of years may be am Green—Aruba. 1Travel Air Co sl 81, 51 |usual Winter-killing last year. The con- | producer of crude oil in the United |l expeeted. | = = o ¢ shares. | B ey MR 3. 3 Thing Fork Stotes it 34 dition of the crop prior to last night's States and operates principally in Okla. | For Particplars and | g 1Tubi Art 8 B .. 400’4 | freeze, however, Was repol B , an a, , Mexico an ‘alifornia. ! ‘ :nt ‘B0l Lamp .. 5 4 Y u'z Iwm‘ normal weather until harvest was | has three refineries located at strategic | S| P ”se’ Call 1 ‘ Sevh R T T 2 3%y, 30y, |said to indicate a 1929 yield of 100.- | Points on the Pacific Coast and an un- || tandard Collateral B b 1Uni Carbon vic 73 73 ' 73 000,000 bushels, against 50,000,000 last | usually efficient retail distributing e Shares Corporation Nova Scotia— West Indies cruise. & Unl Chem pr pfd . ; 84, | year. tem covers the west coast. This com- ||| prankiin 3383, | Nigdw ‘Kmaterdam—piymouth. Boulogne and | & Uni Blec bond wt % | —————— Lo gl r%;xxlc:a; Sc’:‘bc::‘rd ":fxfle_] — Cleveland—Cobh, Cherbour§f and Hamburs. 31Uni G Imp C'. mmago I—Yfitlla dist.-ru:t“ Ithoy eh’;llndflrd. Silvia—8t. Jonn's and Halifax. 7Uni Lt & P 3 EN L , althoug] g Gripsholm —Gothenburg. g gms Lt & l; seems to be conserving as much of its | Toloa—Hayan Cristobal and Port Limon. s 5 i production as feasible for the future. | Taurentic Mediterranean_cruise. 11U 8 Preight of Del SEE 1928 G Ale Because of its pre-eminent position as | Jinnekahds Plymouth, Boulogne and Lon- lg gmswx:m Reol - ? producerhar;d peranpn hecx;us’e it of- Let us have your applications 2 ers somewhat greater speculative pos- | ROl Bt Btinnnd, oo and| 3yl o 4pkyet » [ sibilities than other Standards, it selis || for Gopenpagen, ¢ Walgreen 00 |Advances During Year Are Re-fo vield about 44 per cent with extra | LOANS ON REAL Bouthern Cross—Rio de Janeiro, Santos, | 2 Whitenight Inc . counted by Feminine Leaders ?nd for about 21 ‘times average earn- | E Mortevidco and Buenos Aires. | 3 Whannnt tos y ngs over past six years, The company | STATE Trujilio—Ban Ju-nindl-h .fl" yre Puerto | 3 Zenith Radio 8% o is in the unique position of having no | W R 3 3 Zonite ... 36% | of Britain, funded debt and merely the one issue | Immediate Action L Playa_Santisso and Puerto Berrios. Wlf.?.‘,fi in MINING STOCKS. a{l uga:“;o:ironlgb.’ financial position is Courteous Treatment Rt —Accrs. 700 Anaconds. Cop rts... 311, 30t 31% | LONDON (#)—The year 1928 was( Oup s recordi ofR IS yearn ’&,’:{“L”E.’h?é:"fi%;n z? g;ll;zkgln‘?‘a“ 28 1%?% $sotr‘ne}t‘hmk o:dl ‘1:;{:;: fixn?e's “uv)ome: Standard of Indiana. speaks for itself. ? 10 Cons Cop Mi 1614 | WO URVETRATE ward | Attention has recently been foc f;:{:,“‘ moa—Forts Cor 20 Falcon e g;"‘" A co¥gl§’bed:!‘n;napmgl‘: st ?‘undard of Indiana. because ot“fig ercy 1. nussell Lo. unplace——Progresso. €] efeller-Stewart 3 Ohioan—Pacific Coast., b A e, the forward step in politics through the |one of the biggest of %‘L‘L"é’l’.’fi’.w."m’é 1731 K St. NW. SAILING MONDAY, :?ncu 1;. o fi fifi%"n}fy"m’n'k i 201 granting of votes to women of 21 on the |is the largest producer of gasoline in Cristobal Colon—Coruna, Gijon an = i same terms as men. the world. It is a complete unit — = = ll V¢ ander. T S ‘Another notable victory is that of | production, transportation. sefintng and as Tomorrow’s Newspaper SAILING TUESDAY, MARCH 12. 3 M gant “Mining. % Miss Ellen Wilkinson, who secured for |marketing. In controlling Pan-Ameri- West Inaies cruise. 14 Qi con 7 X 33, woman M. g.'i l{lfi rlght to entertain car& l;detr?leuml.’ M\cllwest ‘l'iennxng, Lago avana. 0 Red Warr 19 ‘woman guests in the strangers’ room of | an: exican Petroleum it is an impor- 9, SAILING WEDNESDAY, MARCH 13. 2 Shattuck, Denny By the House of Commons, tant producer in Mexico, Te: ene- Today’s traffic and today’s customers place a heavy burden on & Ve Ceiba_Kingston, The world of aviation has been |zuela, Arkansas and Louisiana. While Yort_Victoria—Bermuda. any delivery system. The ever growing demand for greater brightened by some women's records. | Pan-America gives it a selling outlet in 3 On Improved Property St g WO, S OHEtbouis : i Miss Amelia Earhart having flown from | the East its principal market is in the ; St 1 i i pond Bremerhaven. o iiobal, puerto| SUME ABer iUl g% America to England, while Lady Heath | Middle West. e in Maryland and District speed with safety is met by Studebaker delivery cars, Tcolo 1‘.‘." % i Nmo.::m ’x:'d' INDEPENDENT OIL STOCKS. broke several records in England. In a| Because of its position as the lead- of Columbie ‘achira—San Juan, Cabello, Curacao and Maracaibo. S P ) s SAILING THURSDAY, MARCH 14. 41 Cities Serv n. %, 53, 5y |50l0 flight she reached an altitude of |INg gasoline producer it has perhaps 1119 * 11874 1183 | 23,000 feet and she made the first light | not been hurt so much as other com- 9, O Advanced design in chassis and body plus excess loading space 112 3, 9, i o THURSDAT, X } s e (g M8 A Sl ight from Cape Town to Cair, | Panes by general Sierproduction "ol and brilliant performance have caused hundreds of America’s lead- merican - 3 ; e Pete FEPPPR LTI X i Several more women were called to | crude oll. Earnings have averaged $3.34 i i e rene World, crume | ) EmOKE T Cim i onid emis ona | har in 1028, Miss Elizabeth oty | share on present stock. for the past (0] ing business houses to adopt Studebakers. ance—Mediterranean cruise. 2 Houston Gulf Gas... 19, 18 5 18% { won the Shakespeare memorial theater | 81X years. The stock on which a 50 per 4 1% 1% design prize for architects; Miss Mabeng’"{h'm“l ‘““d’l';gl“fiwn“w be paid 257, 251> 257 | Weller was the first woman to qualify as e onydcfl‘l! “? ligation 11’1 the 2412 2415 oi7s | ship broker, and Miss Olga de la compeny and o slims %x; a higher al 21 % 21| Barra was appolnted the first woman | Plane than most € andards, being 26 .« 2% 2% 23 |yice consul for Chile in Scotland. s:’m:"%‘;“:m?‘;’ x\‘x‘x’llflouhte 55 dvia o 3Texon Oif & Land i 187 i3 3% : dividend liberality, of which the most Antonio Lopez-Cadiz and Barcelons. Pine Orders Increase. s, Mevin Ak oiomiines recent example is the declaration of a 1% ; 5 R i "Cherbouse and Antwerp. | Onite’ FORMER ‘SUBSIDIAIES “s700ks. | NEW_ORLEANS, March 7 (Spe- |Digher dividend rate on the new stock Siym “Havana, Cristobal, Callao | 4 Intercont Pet «Built by Studebaker® is a guarantee of quality which is backed by 77 years of successful manufacturing experience and a world- _ wide reputation for quality transportation. Phone your Studebaker dealer for a demonstration — there is no obligation. Mitschens Gobh, Cherbourg and Bremer- | Ilell‘(;tb“—-fllvln , Progreso and Vera Cruz. APl T Tindia. SAILING FRIDAY, MARCH 15. Interest No Commission Charges WEA_VEBQBO REALTORS . Iympic—Cherbourg and_Southampton. clal).—Reports from 84 identical South. | LDAN 8verage reported earnings over the F de Paix, Gonaives and | 100 Buckeye P L 55 G.. 68_ 68 ast six years would seem to justify. It " Pttt St e g S pne il v O v | s s o Vo s W B | JOSEPH McREYNOLDS, Inc. Meden T4 Gusvra! ! e ALkt ere ase oen ;e':“’:’e"x“‘," the outcome of the Stewart-Rockéfeller Mai T4th Street at B Matntenance Potomac 1631 Oscar 11—Copenhagen and Oslo. 2414 | and production increased 1.46 per cent. [ PrOXy" battle has kept the price at a ain 9486 A e. and Upshur St. 427 = . ale: R. McRevnolds & Son &% | These 84 mills show 47,950,032 feet, or- | Dgh level. Tiza-38-2T L 8k NW Mortgage Loan Correspondent eatur At Harvard Graduate School of Busi- | 85 | dered, 47,867,248 feet shipped and 46, Ol Future, tropo Roval Sales Co. ness Administration next Summer seven 5114 |159,594 feet ‘produced, with orders on| While many, of thp oll securities have s fswence ¥ Front Roval, Va. ’ courses will be offered for business ex- %137 hand at end of last week amounting to 'unquestionably _attractive features for \& - = ecutives. 20% 195,715,955 feet. long pull investment purposes, present