Evening Star Newspaper, March 7, 1929, Page 15

TFIN ANCIAT. THE EVENING BONDS ARE LOWER | [oxew vone_ BONDS o excnwn] INDRAGEY MARKET Tight Credit Situation Is Re- sponsible for Lack of Trading Today. BY CHARLES F. SPEARE. Epecial Dispatch to The NEW YORK, March 7.--Tight money and the terms of the forthcoming issue of nine months’ Treasury certificates on a 4%, per cent basis unfavorably affect- ed the bond ma L today. There was a further lowering of bids all around to new low levels for the year, led by the United States Govern- ment obligations. The fourth 4%s slipped to the old 1929 low, with more activity witnessed in the 3155 and first 41,8, which were also heav The interest rate carried by the new Treasury financing operation is the highest since October, 1923, which was the, record high since September, 1921 The fact that the Government w; forged to come into the market funds at such a dearer cost indicats the present credit situation perhaps better than any one other factor, since its obligations virtually sell on an in- terest basis. The new issue also com- pares with the last issues of 44 per cents on December 15 last and with 37« and 37 per cent on the issues floated March 15 and June 15, 1928, respec- tively. , Selling again appeared in the con- vertibles, but was on a comparatively light scale. Anaconda 7s Wwere mostly traded in early in the day a fraction above Wednesday's closing, and Inter- national Telephone 4!%s, Atchison con- vertible 4155, Loew’s 6s and Public Serv- jce of New Jersey 4> continued to dis- play an easy tone. Very little trading occurred in the convertible oil deben- turet and domestic industrial corpora- tion bonds with conversion features. Among the rails St. Paul adjustments continued to be actively traded in at a fractionally higher price, while the Frisco 41,5, Seaboard Air Line refunding 5s. Denver & Rio Grande Western 5s and b steadier for a time. Atchison 4s, Chi- cago Great Western 4s, Chicago & Eastern Illinois 5s, Western Maryland 45, Missouri Pacific 4s and the St. Paul adjustment 5s all lost further ground. The trend in the foreign government gection was lower. Argentine 6s, Re- public of Chile 6s and a few other South American obligations of the same de- nomination shaded their recent levels, while Nord 6'2s stiffened somewhat. SHORT-TERM SECURITIES. (Reported by J. & W. Stlllml"lfl& Cooh Alli“Chalmers Co. 5s 1937 1 Amer. S ln“. il Star. A8 . Balto. & O £ Eatavian Pet. Corp. 41as 1943, Bell Tel. of Canada 5s 1955.. . Calfornia Pet. Corp. 5iss i Canadian Nat. fiw. i r. Rwy. 4lhs y. 4les - Chess. & 1o Rwy. 4 Rock Tt 4 1 per Co. uthern Pac. R. . 48 19! Standard Oil'N. Jersey 5s 1946 10: t. & So. Ry. 45 1920 9 1932 953 2 3 . 41 ic_ G 1‘43 102ta Corp. 8'4s 1948. 10012 - Washington Stock Exchange SALES. Clm:l Traction 5s—$1,000 at 1003, Potomac Elec, 5% % pfd.—5 at 108%, 5 at 10834, ‘Washin, Gas Light—10 at 110%, 20 at 11015, 10 at 110%. ‘Washington Rwy. & Elec. pfd.—10 at 9813, 10 at 9815, Bank of Bethesda—b5 at 83. Columbia Send & Gravel pfd—10 at D415, 20 at 9415, 20 At 9415, Federal-American Co. pfd.—10 at 102 30 at 102. Lanston Mcnotype—10 at 130, 40 at 130. Peoples Druz Stores pfd.—8 at 121. ‘Ter. Ref. & Whre. Corp.—10 at 54. AFTER CALL. Potomae Elec. 5'¢ % pfd.—2 at 10834, Mergenthaler Linotype—1 at 10815, ‘Washington Gas 6s 200 at 10314, Peoples Drug Stores pfd.—2 at 122. Columbia Sand & Gravel pfd.—10 at 9412, 10 at 041}, 10 at 9415, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer Tel & Telga. 4% .. Amer Tel. & Telga. 4 0814 % 983, 108 10115 1 Wheeling Steel o Cap. Traction R. City’ & ‘Buburban 5s Grorgetown Gas 1at ‘85, o Elec. 1st 58 3 . V. eff. . & Annap. Bs... Gas 55 * feries B % series B Wash. Rwy. & Elec. 4s Wash Rwy, & Elec. gen. 8. MISCELLANEOUS. Barber & Ross. Tnc., 6'as.. Cham-Vanhlt Hotel ‘8158 ' Chegtout, Farmg Dairy 6ish Chety Chase Club 8)3s.... D. C. Paper Mg 65 .. 'l Joint Stock L'd Bk. 5s... th. Mkt. Cold Storage 5s Wash. Cons. Title Co. ’l STOCKS. NATIONAL BANK. Natlonal Capital olbnbis . Commereial District . Tedera t 1-A Liberty , Lincoin National Riges Second n : e onal Bank of Wil TRUST COMPANIES. American Security & Continental Trust Merchants' Bank. National Bavines & Trist Co Union Trust ........ Washington Loan & Trust [l SAVINGS BANK. Benk of Bethesda ... Commerce & Savings East Washington. ... Eecomts sav & Com. curity Saving 6 Beventn Bireet . oo United States. .. ‘Washington Mechanics FIRE INSURANCE. merican American Corcoran . Firemen's Nrtional Union W Columbig Title . Real Betate Tiiie Titie & Inv Co. of Md. com . ‘Wash. Cons. Title pfd. . . MISCELLAREOUS. iry ‘pid... ms Dairy com Chestnut Farns Dairy pfd Sand & Gravel pfd nmercial Natl. Co. pfd . Phper Mg pld 1. Securities pfd I Storage pfd Frderal-American Co_‘com Federal-American pfd Isnston Monotype Tri & & & I ptd s Drug Stores pfd iy ek t e Whr - iz ourl Pacific 55 F held relatively Fi Lib3%s... Libist4ye Lib 4th 440 US3xs4l. US3%s4t. s FOR! Argentine 8s Ju Argentine May Australia 4%8 56 Australia bs 1956, Australla 68 1957., Bank of c‘mluvn Belgium 7s. Belgium 8 Bolivia 7s Bordeaux 6s. Brazil 6%s 1927.... | Brazil 1 2 Bremen State 7 Canada 6s 1931, Canada bs 195 Cuba 6% Czecho 8s Danish Munic Danish Mun Finland 5lgs. Finland s £ 68 '45... Finland 7. ltalien Pub 8 78 Japanese 4s. . Japanese 614s. Lyon 6s.. Marseille 68 Milan 6. Norway 5%s. Norway 6s 194 Norway 68 1944 Orient Dev 5348 Pari Wst EP 6s'53 Janeiro 6% Jan 82 1946 Rome 6%s. 8ao Paulo 1950, Saxon (PW) Seine 78 42.., Serbs Cr Slav 7s... Serbs Crot Sio 8s. Shinyetsu 6138 52 Solssons 6: Sweden b1 Sweden 6s. . Swiss bY%s Swiss Confed Utd Kingm 6% 29 Utd Kingm 6348 37 Abram&Straus 5l:s Am Beet Sug 68'35. Am Int Cor 533849 Am NatGas 648’43 AnSmit& R1st Am Sugar Ref 6 AmT&Tecltrds AmT&Tcl trbs AmT&Ts{ s Am Tel & Tel 5 Am Wrtg 6 Anaconda 18t 68 Anaconda cv db Atlantio Refin b Bell Tel Pabs B Bell Tel PabsC.... Bethlehm 8tl pm bs Beth Steei rf bs. ... Beth Steel 5%s §3.. Bethlehem Steel 6s. Bklyn Edison b Bush Term Bldg bs. Certain-Td5%srcts Chile Copper bs. Colon OIl 8 Col Gas&E 5 10728 EIGN. 3 0l 11 100% 6 100 3 100 8 95% 4 100w 5 1004 131 87 T 84 11 94% 1 96 123 100 105% 1088 105 1141 1097 2014 100t 18 o P L Lo LT e T e St a0 107 1004 99% 104t 997 » 1091 884 102 103 1034 110 160 97 86% 9419 98% 108 111 106% 97 1007 96% 2y 92%, 100% 99 b I A 1 894 101 100 1021 1015 86% 99y 1041 95%% 8584 85% 101 133 81" B6W 97h 3 103% J20 92 94y 105% - 90% 105% 99 106% 1024 10244 102% 109 994 T 8714 99%, 103% 87 93 2 114% Alleghany ev 58 w i 141 103 5 87 89 105% 7 90 13 101 16 104 34 99% 8 103% 26 103!z 17 102% 3 104y 5 106% 3 1004 3 102% 11 103 18 1047% 3 104 14 101% 4 73 19 954 25 o % Com Invest 515&°49143 105 Com Invest 6s'48 s Cuban Am Sug DatroitEdisonb: Detroit Edison East Cuba Bug %8s Gen Cable %8 Gen Mot Ac Cor 6 Goodrich 6%s. Goodyear bs re| Hoe & Co 8%48. Humble Oil §8. Humble O & R5%s. 11linots Bell 18t 6 Iilincis Steel 4 % Inland 8tl 4%s [ntl Cement 58 48 Intl Match bs 47 Int Mer Marine Int Paper 6s 47 Inter Paper 6s... Int Tel&Telex 4% Int Tel&Tel 4%scv Kan City P & L 6s.. Kan G & E 68 52, Laclede 88.... Laclede G 518 62.. Loew's Inc 68 Loew's 63 w 0 war. Loriliard § Lorillard §% Louisv G & b bs Midvale Steel Ba. Mor's&Co 15t 4 %8. Nat Dairy 5% Nat Radiator 6%s. Y on 58 44... 1800 6148, .. YGELH&PbS Y Tel 4148 . Y Tel 6841 Y Tel 6s 4. or Oh10 Tr & L 6s Nor Stutes Pow Nor States Pow 8. Pacific Gas & El 8s. Pac’l & T Ist 58 Pac T & I 53 b2 Paramount 68 1947, Pathe Exchange 7s. [ Phila Co 58 67 w 1. hilins Petio 518 Por Ric Am Tob 68 Pestal Tel& C5les Pressd Steel Car 38 Punta Alexie i * Bem Rnd 6% war. 10728 1 Bales. High. Low. Close. o1 1004 100 100 5% 1004 My 100 100 89 95 10018 100 844 IRy 944 96 99 1054 1084 105 113% 109t 89 100 106% 100 9% 10. 9 109 AT 102 103 103 110 148 27 26 9414 9813 106 110% 1054 97 100% 94y 88 101 99% 9974 10115 101% 854 98 1044 95t 85% 85% 100% 133 811 851y 86Y 97 97 108% 103% 9% 91t 94 9414 105% 105 * 8t 89% 105% 105% 99 .99 106" 9y 93 89 99 1024 1 102% 102% 109 99 % 874 99% 103% 864 93 105% MISCELLANEOUS. 114 % 101% 3 101% 11 103% 9 181 114% Ligget&Myers5ssi. 1 3 824 5 9 1084 100 100% 99% 82 98% 101% 107% 92k BT 994 101% 1031 104 1134 106 99ty 106 Recelved by Private Wire Direct to The Star Office UNITED STATES. e In 81000 Sales. High. 29 100 102' Low. Close. 08% 99 100 100 1024 96 91 Sinelalr O11 8. Sinclair Oil 83 Sinclair O11 1 Sinciair Crud Stn Pipe Line 5s South Bell Tel So Por Rico Su Southwest Bell 6 Stand Oil N J 58 Stand OIIN Y 4%s. SugarkstOriente7s. Tenn Copper 6s'41. TennklecPow 63 47 Transcont] Oil 6%s United Drug 68 58.. U8 Rub 1strf s, U8 Rub T14s. U S Steelst5s. Utah Pow & Lt 5: Utilities Powr 518 Vertientes Sug 7s.. Warner Sug 7s 41.. West Elec5s...... Westn Union 6%s. . White Bagle O 5148 Willys-Ov 6%s 335. . Wiison & Co 1st 6s. Yngstn S&Tbswi. 11 Atchison gen 4s. . Atch deb 415548, Atlantie C L 1st 45, Atl & Dan 2d 48 48.. B&OGoId ¢ 2 100 100 10314 &Orfimp6s.... 108! B&OPLEWY 4s.. B & U Toleuo 4s. | Boston & Maine 5s. Brooklyn Elec 6%s. Brookiyn Elev 6348 Bkiyn Mannat 6s... Buft R & Pitt 43(s. t4les 54, t43es57., Canad North 6155, Canad North 7s. Canad Pac deb 4s. . Can Pac 4% 4 Car Clinch & O 5 Centrai Pacific 4s. Cent Fac 1st 6s 40 Chesa Corp 58 w 1. Ches & O cv 4%s... Chi B & Q 1st rf 5s. CB&QI1Il31s. CB& QI div4s,, Ch1 Gt West 45 59., ChiM&StP41sC89., Chi M&StP 435 E. ChiMiISP&Pac5si5. CMSP&Pacadj5s03. Chi & NW ref bs. Chi& NW 7s, Chi Rys 5s.. Chi R1& P gn 4s. Chi R1& Prf4s CR1Pac4lsw ChiStPM&O 6530 ChiTH&SEbs Chi Un Sta 435, CCC & St L rt 6s Colo & Sou 4348 Cuba RR & Cuba R R 65 19 Cuba R R 7%s Cuba Nor 54gs ¢ Del & Hud 78 30.... Den&R1oG 4% e 36.. —- o it Soat-eRaloraebnonmdBrmemSnEfunumurrers eS0 19 Erte 18t cons Erle Gen 4s. Eriecvi5s 61 w Erie conv ext 7 Erle & Jersey Erie (Pa) elt tr 4 Fia Bast Cbs 74 Fonda J&G 4}48'52 Gr ‘Trunk stdb Gt Nor 4876 D Great North 5%s.. Great Nor gen is. Hocking Val 4%s. . Hud & Man aj bs Hud & Man ref b: 1li Cent ret 4s. 11iCent 435 66. ... I11-C-C-StL&NO bs. Int Rapid Tran bs.. Int Rap Tr 5s stpd. » R L T e 106'% 109% " 110% 97 7913 Yaly 9ik 7% 1 wores porporerE A - DD Int Kys C A b8 73. Int Ry C A 6% rei iKansas City 8 KansasCity 8 Lake Shore 4s 31 Lehigh Val on 4s. Lehigh Val 68 2003, Louis&Nash uni 48, Louis & Nash 58, Louis & Nash 18 a amwoN®E Minn & StL ref M 8t P&8SM cn MStP&SSM5sisgt M StP & SSM 6%s. MK &T 1st 48, Mo Kan&T 4% MK & Tadj bs. MK&Toprin Mo Pacific gen 4| Mo Pac 58 A 65 Mo Pac 68 F 17 Mo Pacific 6s G Nassau EI 48 61 % - erem e AL E TN R B RSN D NYCnI&SIL b%8A. NYChi&StL 5% B, NYC&StLS6sA.. New Haven 3148 64, NYNH&H 4856, NYNH&H4Y%s NY NH&H cit és. N ¥ State Ry 4 %s. YStateRy 648 62, &B4W Northern Pac b8 D. Northern Pacr 18 Ore 8hort L rfs 4s, Ore Wash 1st 48 Pennsyl gen 448. . Penna RR 4%s'63. Pennsyl gen 5s. Pennsyl b8 64. Pennsyl 6 Pennsyl gold Peo& Eltds 4 PCC&StL 55 B Port RL & P bs 42 RIATk& L4 St L IM&S 48 29 StL IM&S gn 68 3. St L IM&S R&G 48, StL&SFpl4sA.. StL&SFraksTs. ISt L& SF prinbds. |8t LS W eon 4a 32, StL & Sown bs St P Un Dep bs.. 8an A & Arn P 4 Seaboard AL 4s sta Seab A Lirefds.... bAL adj 58 1949 eab A L con 6s.... BAll Fla 6835 A. B AllFla6s35 B Sou Pac 48 29, Sou Pac clt 4. Sou P’ac 4 %48 ret Sou Ry gen Sou Ry Con §s Sou Ry 68 56. Tex & Pac 58 B 1977 Third Ave adibs. . Tol Tr L&) 6%s 30. Union Pac 1St 48... Union Pac Ist rf 48, Unton Pacific 45 63, 2 VaRy&PbS... Wabash 15t 58 | Wabash 24 5 Wabush 58 76 B West Maryland 4s.. 83 Western Md 5148... 1 Western Pacific5s. 4 we -4 86 10015 1027 9914 PP P 9% year, o)1 ;,Im stock and an active demand has forced £2 9% 93 821 prices up more than 1} duricg th's weshe " | same as CHICAGOQ.—Twelve-Jdoilar hogs lm\cl become a reality for the first time this | Farmers are holding back thel: | STAR, WASHINGTON, DECREASE IN FISH RECEIPTS OCCURS Bad Weather Prevents Ship-! ments From Atlantic Coast Points. Stormy weather along the Atlantic | D0, 1da, 68, ripes and turning, wrapped, fancy count, best, 3.50a4.00; fair quality and condition, 2.50a3.00; choice count, 2.25 a2.50; few best, 3.00; ordinary quality and condition, 1.00a2.00. String beans—sSupplies liberal; de- mand light, market dull. Florida, "« bushel hampers, Green, best, 2.25a2.50; fair quality and condition, 1.50a2.00; poorer, 1.00. Eggplant — Supplies light: demand slow, market weak® Florida, pepper crates, fancy, high bush, best, 4.00a4.50; fair quality and condition, 3.00a3.50. Peppers—Supplies light; demand light. market weaker. Florida, pepper crates, fancy, mostly 3.00; few sales, 3.50. Squash — Supplies light: demand light, market steady. Florida, pepper crates, fancy white, wrapped, mostly 3.00; some small size, 2.50. Strawberries — Supplies very _ light: Florida, Const this week played havoc with fishermen, lessening receipts and in- creasing prices of fresh-caught stock. Frozen fish from the North and West continued in plentiful supplies, how- ever, with no advance in prices. Shad and herring, caught off the coast of North and South Carolina, were fairly plentiful in spite of the stormy conditions, however, and cheaper prices ruled. Roe shad were offered dealers this morning a¢-38 cents, bucks selling as low as 22 cents a pound. Fish Receipts. Herring came in such increased quantities that wholesalers this morn- ing offered them at 4 cents a pound. The fish came in splendid condition, dealers reported, and were in good de- mand. Increased shipments and lower prices are expected the coming week. Very few white perch have been re- celved this week, receipts of yellow perch being slightly heavier. The yel- 4 low perch were offered at 18 cents a that found ready sale at 37 cents a pound. | Oysters were in plentiful supply, | dealers reported. and prices were the | rices quoted last week, $2.25 | a gallon for standards and $2.50 a gal- lon for selects. Crab meat was scarce and high, and dealers reported its qual- | ity was below the standard. Windy weather was not conducive to heavy trading this morning. There | were plentiful supplies of fruits and vegetables to be had at prices reported reasonable to cheap, were plentiful. | 'The poultry, butter and egg markets continued the same as yesterday, eg receipts being fairly heavy. Prices of most commodities this morning were | the same as prices quoted yesterday. Today's Wholesale Prices—Jobbers® Prices Slightly Higher. Butter—One-pound grlnls, 52a53; tub, 51a52; store packed, 30a35. Eggs—Hennery, 38a30; fresh selected, 37a38: current receipts, 35a36. Poultry, alive—Turkeys, 35a36: Win- ter chickens, 36a38; Spring chickens, 40m42; Leghorns, 30a35; fowls, 30a3l 19220; ducks, 25: geese, 20 oung, 50a60; old, 30. Dressed— h 45; Winter chickens, 42a45; Leghorn: fowls, 33a34: capons, large, 45a46; small, 36a40; ducks, 32a 33; geese, 25a30; keats, 80a1.00. Meats. fresh killed—Beef, 22a23; vea 25; lamb, 31a32; pork loins, 24a25; fresh hams, 25a26; fresh shoulders, 18a 19: smoked hams, 26: smoked shoulders, 168; bacon, 20a22; lard, in tins, 13}2; packages, 14'.; compound, 13'5. | ‘Live stocl lves, 15a16; lambs, 13% al4. Fruit and Vegetable Review. ‘The daily market report on fruits and | vegetables (compiled by the Market | News Service Bureau of Agricultural Economics) VS Apples—Supplies moderate; demand light, market steady. Barrels: Virginia, U. 8., No. 1, 2!, inches up, winesaps, slightly scalded, 5.00a5.50, mostly 5.00. Boxes: Washington, medium to large size, extra fancy Delicious, 3.50; fancy, 3.00; extra fancy Romes, 2. Bushel | baskets: Virginia and Penn: ania, U. 8., No. 1, Romes, 23, inches up, 1.75 Virginia, U. S., No. 1, 21, inches up, | Black Tw 521.65; U. S., No. 1, Btayma; 4 inches up, ?3(}“0' 1, Delicious, 234 inches up, 2.25a Cabbage—Supplies moderate; demand "'h!. market steady. New stock: Florida, lfibushel hampers, pointed type, 1.50a 1.80, mostl; 500 ‘Texas, barrel crates, e, 3.50. y—Supplies moderate; demand market dull; Florit 10-inch crates, 3-4 dozen, mostly 2.25; ordinatry quality and condition, 1.50a1.7: Lettuce—Supplles moderate: demand light, market steady; California, crates, Iceberg type, 4-5 dozen, mostly 3.75 Florida, 1g-bushel hampers, Big Bos- | ton type, wide range prices, 1.00a2.00, according to quality and condition. Onions—Supplies moderate; demand light, market dull. Michigan and Ohio, 100-pound sacks, yellow, U. 8. No. 1 medium to large size, 5.50a6.75; Mich. igan, 50-pound sacks, yellows, U. 8. No, | 1, medium to large size, slightly sprout. ed, 2.50; Chile, 80-pound crates, yel lows, large size, few sales, 2.75a3.00. Potatoes—Supplies moderate; demand | light. market steady. . 8. A Michigan, 150-pound sacks Russet Ru. rals, 2.15; Maine, 120-pound sacks. Green Mountains, 1.75a1.90; Pennsy ;Aolala‘ 150-pound sacks, Round Whites, | “Spinach—Supplies moderate; demand | light, market dull. Texas, bushel bas-| kets, Savoy type, 1.00. ‘Tomatoes—Supplies moderate; _de-| mand light, ket dull. Orij Flor: Make your savings and surplus funds work for vou at the highest interest rate consistent with abso- lute safety. Wm. H. Saun Main 1016 Oldest Naticnal Bank in District of Columbia Ever Since 181 HE Metropolitan h been business confida financial advisor and bank representative Washin tonians ever since 1814, “Why not give your affairs benefit of our seasoned servi Paid qn Sn:li . [y 15 pound, and dealers had a few rockfish | “"™ |the Amerigan Railway and eggs also | 1.75a2.00; U.| g, National Metropolitan Bank demand light, market dull. | pony refrigerator, various varieties, wide | range quality and condition: best, 30a | 35: ordinary quality and condition, 20 a25 quart. ecas—Supplies very light: demand moderate, marknot steady. Mexico, 45-! ound crates. 6.50. i Beets—Supplies light; demand light. market steady. Texas, Western lettuce | crates, 2.50. _ Carrots — Supplies light: light, market steady. Texas, lettuce crates, 2.50a3.00. Cauliflower—Supplies _light: demand light, market steady. California, pony crates, 2.00a2.50, best mostly 2.25. Cucumbers—Supplies light: demand light, market dull. Too few sales to es- tablish market. | Oranges—Supplies moderate: demand moderate, market steady. Florida. boxes, medium to large size, No. 1, 3.5024.00; No. 2, 3.00a3.25. Grapefruit—Supplies moderate: de- mand moderate, market steady. Florida. 1, medium size, mostly around , 3.00a3.25; ordinary quality, | demand Western | 350 2.00. REVENUE FREIGHT LOADINGS. | Revenue freight loadings for the week ending February 23 were reported by | have totaled 907,337 cars. Attributed to the observance of Washington's birth- day, this was a decrease of 50.714 cars from the preceding week, but was a gain of 3720 above the corresponding week | of last year. Miscellaneous freight loadings for the week ending February 23 totaled 325.- 924, an increase of 16,248 above the | same week of 1928: conl loadings totaled | 203,685, increase 30,223; grain and grain | products, 43.018, decrease 2,161 live stock, 23,767, decrease 6.486. Loadings of merchandise less than carload lot— Freight, 226,630, increase 740; forest products; 60,311, decrease 4.804: ore, 9,362, increase 1,790; coke, 13,740, in- crease 2,370. EARNINGS REPORTED. | NEW YORK, March 7 (A).—Cor- | porate earnings announced today con- inued to reflect the general improve- ment last year over 1927 earnings. Union Carbide & Carbon Corporation and subsidiaries earned net income of 1 830,577,382 in 1928, equivalent to $11.15 a share. ‘This compares with $25340,- 80, or $0.52 a share, in 1927, Net profit of Reo Motor Car Co., Lansing, Mich., increased to $5,083,588, equal to $2.54 a share, from $4,724,331, |or $2.36 a share. in 1027 in| Oscar Nebel Co., Inc.. Hatboro, Pa., | cleared net profit of $347,131, against $310,193 in 1927, Public Utility Expands. NEW YORK, March 7 (#).—Arkansas Natural Gas Corporation, subsidiary of Cities Service Co., has acquired control of the Little Rock Gas & Fuel Co., op- erating the natural gas distribution sys- tem of the Arkansas Ci FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (or at).” " today. London. pound. ... 4.0665 P: franc. .. 103 ngen, © o, crown....... tockholm, crown Money to Loan Sceured by first deed Joseph 1. Weller {3 Wesh. & Consult Us First If you need money for your Real Estate financing let us have your application today. Prompt Service No Appraisal Fee Secured by First Mortgages Safe—Conservative 42 Years' Experience —in financing homes and in the sale of these securities. ders Co., Inc. Realtors 1433 K St. 4 as nt, to g- the ce? Capital, Surplus & Undivided Profits, Over §2,000,000.00 —115 Years Old th St., Opposite U. S. Treasury THURSDAY, MARCH 7, 1929. Association to | ELECTRIC CURRENT DEMAND INCREASES Recreation, Industrial and Domestic Uses Result in Big Gains. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, March 7.—Peak loads are coming more frequently to the pro- ducers and distributers of electric power. This_indicates thly the extent to which the business, recreation and household lives of America interlock one with another. The broadcasting of the inaugural ceremonles at Washington on Monday caused a marked increase in the num- ber of kilowatt hours of current con- sumed, according to the public utility companies in various sections. In New York it is estimated con- sumption of electricity Monday night rose somewhere near 75,000 kilowatts above normal. People not only used current for radios, but sat up later and burned more lights than usual. The broadcast of the Stribling-Sharkey fight at Miami Beach caused a jump of 54,- 000 kilowatts in New York City alone. Modern Plants. ‘This points inevitably to the fact that in providing current, since each must be able to take up an unusual load at a moment's notice. obsolete now. The public cannot and and a Coast- the near future. 100 Broadway New York modern plants are an absolute essential | o 7 FINANCIAL. will not be disappointed by failue of | current. The day has gone by when reuple had a reserve supply of candles n event of current failure. ' New plants are required and they are being built as fast as financing and construction can be accomplished. ‘The need for new plants is intensified by the pace now being set by industrial operations. The volume of goods pro- duced in January and February was | months in any previous year. The | March output probably will assure a new first-quarter record of production for all time. A huge number of indus- trial plants have been electrified, in of current in a somewhat small way, ily. The new plants already projected will cost between $850,000,000 and $900,000,000. Hoover Address Recalled. In view of this need, that part of President Hoover’s inaugural address dealing with business is significant. He declared there must be a differentiation between industries which produce com- | modities and public utilities. In the | first the laws insist on effective compe- tition. In the latter, because a prac- tical monopoly is conferred by limiting competition, the services and rates must be regulated. Such regulation by the Federal Government, he added, should be utilized only when the individual States were without power to protect their citizens. It is worthy of note in this connec- | tion that the Federal Power Commis~ sion has approved a report recommend- mission of intention to issue securities. Cotton Exchange Holiday. greater than in any two corresponding | whole or in part. Some started the use | but now the demand is increasing stead- | ing that an order be issued requiring licensees to flle notice with the com- | the ¥ NEW YORK, March 7 board of governors of the New York urday. will talk tonight on RADIO PROGRAM Woodward Bldg. ‘Washington Telephone Metropolitan 5234 (#).—The | Plants which were | Cotton Exchange today voted to close | £ regarded as models five years ago are | the exchange on Good Friday and Sat- | St day of Margh, 1020 & 0 MR. DAVID H. BLAIR U. S. Commissioner of Internal Revenue “FEDERAL TAXES AND THEIR ADMINISTRATION” The last day for filing income tax returns for the year 1928 is one week from tomorrow. This address will con- sequently be of great interest to radio listeners in all walks of life. Mr. Blair will be heard tonight by a nationwide audience as guest speaker on the HALSEY, STUART & CO. Tonight— WRC—10 o’clock to-Coast network of 34 stations associated with the National Broadcasting Company—music by instrumental ensemble. A copy of Mr. Blair’s address will be sent to anyone unable to listen to the program. Ask for Folder WR-3 | cash in ofice »P 15 TREASURY CERTIFICATES. (Revorted b te—Maturit; %s Mar. 1 i STATEMENT OF THE CONDITION of the 9 20-32 National Union Insurance Company Of Washington. D. C. On the 31st day of December. 1928. ag re- quired under the District of Columbia Code. amended June 30, 1902. and August 13, 1911 Capital stock . . $100.000.00 Capital stock. paid up, in 100.000.00 $1.323.26 87 217 262,730.00 20.000.00 2.188.46 473749 506.06 Cash in bank o Real estate ... B Real “estats’‘mortgases " (first n e SR U. S. Government bonds (market value) .. Premiums hands ot crued .. ... All other ‘asse on paid lose . Total assets LIABILITIES. Net unpaid claima ... Reserve as required by law Expenses. bills, etc... ... B Estimated taxes payabie hereafier Apital stock .. ... 100,000 urpius over all. ilabiiities Total liabijittes Character of -business traneacted during the year 1928: Pire insurance. Amount of risk assumed during the year 1928 ..............126,011,810.00 Losses sustained during ' the S e et 14,301.57 received’ diring ' the Expended dufiné the year id3 WM. H. SOMERVELL, Secretar. Subtcribed and sword o before me this PO X Notary Pamte. B C. o Insuranshares Trust Certificates A Specialized Management Trust whose funds are primarily investedn a carefully selected list of the stocks of leading Insurance Companies, Banks.and Trust Companies, giving an unusual com- bination of safety plus a growing vield and value. Insuranshares Corporation of Delaware A Corporation under the same Management as Insuranshares Trust Certificates, whose securities are expected to be offered in Sterling Securities Corporation A General Management Type Investment Company, $16,000,000 of whose Preference and Class “A” stocks were sold to the public about eight months ago. American Alliance Investing Corporation An investment company of the general management type under the direction of an experienced group of men who devote their entire time to the company and who through the investment of their own funds in the junior securities can only materially benefit thru the successful operation, growth and development of the com- pany. The Units offered at $65, comprise 1 share First Cumulative 6% Preferred and 1 share Class “A” Common stock. Earnings for first seven months’ operation to December 31, 1928, at rate of 2.4 times dividends on First Preferred and $1.61 per annum on Class “A” stock free of Maryland State Tax. Complete Descriptive Circulars on Request Colston, Heald & Trail Keyser Bldg. Baltimore