Evening Star Newspaper, March 11, 1929, Page 10

OND. . XCHAGE Credit Men to Hold Special Session—Regjonal Savings Program Announced. .BY EDWARD C. STONE. Heavy trading in the stock of the Becurity Storage Co. featured the scs- slon of Washington Stock Exchange to- | day. The stock figured in 14 different | transactions, var a single share to a 40-share blo The market opened with the single share seliing at | 125 f ‘The stock tk 1d off steadily ed at 1 les totaled until it 176 shares. ! Capital Traction opened the week at 104, 50 shares of Washington Railway & Electric preferred came out at 9515, | Potomac Electric P 5 preferred moved at 113 = cent issue at 108 Washington Gas appea &t 1133, 2 Five shares of Riggs stock came out at 5 bank stock was the which opened at 82 a f { Mergenthaler sold at 108, Federai-Amer- ican Co. preferred at 1031z, and Mer- chants’ Transfer & Storage preferred ot 1105, Peoples Drug Stores preferred changed hands at 121, and 14 shares of Terminal Refrigeration &Warehousing Corpor tion moved at 527;, somewhat under re- cent levels. Only two bonds sales were recorded, at $2,500 turnover in Capital Traction 5s at par and * and a $1,000 shington Gas Light 5s at d on the b Iational Bank The only other nk of Bethesda, 4 closed at 81 § Credit Men to Hold Meeting. : + The delegates from Washington ‘o1 the eleventh annual district conference of the fifth district of the National Association of Credit Men left for Lynchburg, Va., early this afternoon. Frederick P. H. Siddons, secretary of the American Security & Trust Co. and director of the Washington Associa- lon of Credit Men, has been chosen by the local body to speak on “The Moral Risk in Business.” . Ten local units of the National Asso- iciation of Credit Men comprise the fifth district. At the conference will be del- egates from Charlotte, Greensboro, Winston-Salem, High Point, N. C. Roancke, Richmond, Norfolk, Lynch- burg, Baltimore and Washington. Delegates From Washington. The following delegates have been se- Jected by the Washington association to represent the Nation'’s Capital at the conference: F. H. Meyer, Lister T. WWatis, Charles W. Clayton, Louis M. Hewlett, F. P. H. Siddons, R. Jesse Chaney, John A. Reilly, John N. Auth, ‘Waldo J. Tastet, Frank W. White, H. 8. Zane, John Schiotterbeck, Paul J. Eich- horn and I. G. Blumer. The chairman - of the delegation is Frank W. White, who is the national councilor from YWashington. John A. Reilly, secretary ©f the local association, will act as sec- Fetary to the delegation. ‘The day following the conference a ‘meeting will be held of the presidents, councilors, secretaries and member- ship c of each association rep- resenting the fifth district. From Wash- dngton at this conference will be Lister T.. Watts, president of the local asso- ition; ‘W. White, national council- or; John A. Reilly, secretary, and mchnles W. Clayton, membership chair- Bankers to Study Savings. “" An Esstern regional savings confer- ce will be held under the savings bank ivision of the American Bankers’ As- tion at the Comimodore Hotel in ew York, March 21-22, to consider estions of importance to all bankers terested in savings, The District of Columbia, Maryland and West Virginia gre included in this group. Taylor R. Durham of Chattanooga, dent of the A. B. A. savings bank ision, will discuss the increased im- ce of savings; James P. Hart of River, Mass., will talk on “Are Christmas and Other Savings Clubs Changtrig the Savings Habits of the People, and if so, for Better or Worse.” JThe value of branch banks in the sav- ings bank business, a new installment plan for purchasing homes, uniform methods of figuring interest on savings, ‘budgeting in the home made attractive .and practical and a host of other sub- Jects are to receive special attention during the sessions. Orrin Lester, vice president of the Bowery Savings Bank, who spoke in ‘Washington two years ago, will speak on *#Successful Empioyes’ Contests.” Insurance Men to Meet. ., The District Life Underwriters’ Asso- ‘ciation will hold its next meeting .Thursday at the Arlington Hotel, begin- ‘ning at 6:30 o'clock. Hogar J. Johnson ‘of Pittsburgh will be the guest speaker, on the subject: “How to Earn $25,000 ® Year in the Life Insurance Business.” He has charge of 30 agents in his home city and is connected with the Penn Mutual. The notice of the meeting, sent out by President A, L. Baldwin of the local association, says: “Any agent .who is earning less than $25,000 a year should be sure to hear Mr. Johnson #peak.” Will such an invitation mean ® large or a small attendance? On Friday, May 3, the Washington Mssociation is to co-operate with the ‘Baltimore organization in a sales con- ference to be held at the Lord Balti- sore Hotel in the Monument City. 3 National City Co. Offering. i The National City Co. is offering Roday at 935 and interest to yield 6.48 per cent to maturity, $10,0600,000 Re- Public of Chile external sinking fund 6 per cent gold bonds due March 1, 1962. Proceeds from the sale of the bonds and of £2,000,000 being offered simultane- ously in the London market by N. M. Rothschild & Sons will be used for the ‘construction of public works, railways, frrigation works, port, sewage and water works and public buildings. The Chilean government is engaged on a comprehensive program of public works construction authorized by law which provides for the expenditure of 225,000,000 $27,274,062) during the current Good Second Quarter Seen. An_analysis of 900 corporations in 40 different industries indicates that net profits last ycar showed a 14.8 per cent gain over 1927, according to this week’s United Business Service report. ‘With the very prosperous conditions ex- 4sting in basic industries, however, there ear, s every reason to expect a continued | . high level of industrial activity and general business through the first two | guarters of 1929, Business Map Extra Clear. 1ess map, published by the f Commerce of the United | States, shows only one little black spot west of the Mississippi River. There e W ts than in a long time past and rizontal lines have covered many of the black spots. In fact the black area is smaller than it has been in several years, making up & space you could put inside the State of Nevada. White means good busi- mess, horizantal lines mean fair business ®nd black quiet business. Heard in Financial District. The program committee for the next convention of the District Bankers' As- sociation will meet Wednesday afternoon at 4:20 at Bankers' headquarters and make its first plans, F. P, H. Siddons is chairman, W. W. Spaid of W. B. Hibbs & Co. ,has gone to Biloxi, Miss, for a week's vacation, most of which will be spent | on the golf links. Robert P. Lamont, the new Secretary { ¥ Commerce, has been succeeded by George E. Scott as president of the -dmerican Steel Foundries Co, Beth Steel pf(7) Bloomingdale. .. Blumnthl pf(7). Bon Ami A(4)... Booth Fisheries. Borden Milk(6).. Briggs MfgFCo.. Brockwy Mot (4) Bklyn-Man(4).. Bklyn-Man pf(6) BklynUnGas(5). BrownShoe(2%) Brunswick B(3). Brunswick Ter. Bucyrus(1).. Adv Rumley Adv Rumley pf.. Ahumada Lead.. Alr Redetn (13). Ajax Rubber. Alaska Jun Alleghany Corp. Alleghany A 5% Alllea Chem. . Allis-Chalm(7). Amal Leather, Amerada(2)..... Am Agricul Chm Am Agri Ch pf. Am Bank N(13). Am Beet Sugar. . Am Bosch. .. Am Brsh(h1.60). AmBShoe pf(7). Am Brown Bo pf Am Brown Bov, Am Can (14).. AmCar&Fdy(6). Am Chain pf(7) Am Chicle (2). Am Drug (60c). Am Encaus (2).. Am Hide & Lea.. Am Hide & L pf. Am Home Pr(3 Am Ice (123%)... Am Internatl(2) Am LaFr&Foam Am LaFrance pf Am M&Fpf ew 7. Am Ma & Fy(4). Am Metals(3). Am Metal (rt | Am Nat Gas pt 7 Am Piano. Am P &L (11) AmPo&Lt pf(6)) AmP&LtA(). AmP&Lpfstab. Am Radiator(s) Am Ry Ex(6) Am Republic Am Saf Raz(ro) Am Seating(3) Am Ship & Com.. Am Shipbldg(8). AmS&RpI(7)s Am Snuff (12)..." Am Snuff pf(6).. Am Stl Fdys($ Am Sugar... Am Sugar pf(7). Am Sumatra(3). Am Tel & Tel(9) Am Type pf(7) AmWWE&EI(el). A.aWW1st pf(6) Am Woolen. .. AmWrItP pi(3).. Am Zine. . Am Zine pf. . Anaconda (7) Anchor Cap 2.40. Anchor Cap(rts) Andes Copr (3).. Archer Danls(2). Arch-Dan pf(7). Armour 1I1(A).. Armour IlI(B). . Armour 111 pf(7) Arnold Con & Co Art Metal(1%).. AssoDryG(2%). Asso D G 24(7).. Asso D G 1st(6). Asso O11(2). Atchison(10). Atchison pf(5).. Atl Coast Li(t10) Atl Gulf & WI... Atlan Ref(11%). AtlasPowder(4), Atlas Pow pf(6). A Austin-Nichols. Balto & O(6).... Balto & O pf(4). Bambgr pf(6%). Bang & Ar(3%). Barker Bros(2).. Barker pf(6%).. Barnsdall A (2). Barnsdall B (2).. Bayuk Cgrs (2).. Bayuk 1st p£(7). Beacon Oil... Beecn-Nut (3).. Belding-Hemwy. Bucyrus cv(2%) Burns Bros(B).. 33 Burroughs (15). 282 Bush Term(g2).. 73 Bush Ter de(7) Butte Cop & Zing Butte & Sup(2). Butterick Co. Byer & Co.. Calit Pack(4) Callahan Zinc. .. Calu & Ariz (6). Cal & Hecla(4).. Can Dry (14%). Can Pacific(10). Canon Mills 2.80. Caro Clin&O(4) . Cavanah Dobbs.. Cav Dobs pf 6%. Celotex Co (3)... Celotex (rights). Cen Aguirre(2). Cent Alloy(2) ... Century Rib M.. Cerro de Pas(5). Certain-teed Pro Ches & Ohio(10) C & O Corpu(3).. Chi & Alton. Chi & Alton pf. Chi & East 111 pf Chi Great West., Cni Gt West pf. Chi Mil & St P.. Chi Mil & StP pf Chi & Nwn (4).. Chicago Pn Tool. Chi P T pL(3%) ChiRI&D (1).. CRI&PPI(6). CRI&P pf(7). Chickasha(3). Childs(2.40). Chile Cop (3%).. Chrysler Mot(3) City Ice (3.60).. City Ice pf(6%). City St0A(3%) .. B Collins & Aikmn, Col Fuel & Iron. Col Gas & E1(5) . Col Gas&El new. | Columbia Graph Col Carbon 14%. Com Credit ( Com Inv Tr (4 Com Solvnts(8). Com Power(13). Condo Nast(2).. Congoleum-Nair Cong Cgrs (5).. Consol Cgrs (7). Con Film pfi2).. Conmsol Gas (3).. ConsolGaspf(5). { ConRRCuba pf 6 Consol Textile. . Container A 1.20 Container B 60c. Cont Baking A.. Cont Baking B Cont! Can (2%). Contl Insur (2).. Contl Mot(80¢). Corn Prod 13%.. Coty, Inc (g2) __ Crosiey Tind (1), Abitibl Power... 45 ' 107 9% 8iy 35% N 178 9 3% 1% 30% 30% 183 63 123 17 56 55 1 119 99 Am Locomot(8). 112% 11 111 176 90 1 10 T67% 81y 150 1 4 84l 87% 13. 197 110 69% 81 108% 49 213% 171 1 1183 1181 118's 118% 14815 1481 148!5 148 110 87 58% L B3 44 114 14% 14% 14'% 14% % 8215 80 30 62% 43% 89% 5% 99 108 Open, High. Low. Close. 44} i 1064 9 T 35% 341y 102% 101'% 21 2804 178 178 9 9 187 20% 1 99 80 5215 119 10215 65% 6 683 111t 110 176 65'% 1% 89 111 17 2 90 Bliy 150 Bl 178 2 491 6 < 343 5 874 Am Sm&Ref(4).. 1141 114% 112! + 135% 13 5° 197 110 68 81 80% 108% 108'% 49 48 214% 212 171 171 173 171% 197 110 694 110 87% 110 85% Tl 45% 107 103z 156% 151 587 b8'% 1% h 62% 60% 4% 2% 11 114 T Th 821 81 30 30 30% 380 63 61% 43% 438 103 103 181 181 39% 39% 59% 7% 99 99 103 101 441y 6918 1064 9% Th 348 10114 2801y 178 9 2074 115% 1005 80 Bor 68% 115 110 176 6614 7 814 178 150% o0 €8 80% 0812 48 212% 171 171% 1 110 441 103 151% 587 1 60% 43 114 ] 81 30 30% THE EVENING STAR. WASHINGTON. D. ¢, MONDAY,. MARCH .11, 1929.° NEW YORK STOCK EXCHANG Crown Zelrbek 1 Cruetble Sti(5).. { CubaCaneSugar. Cuba Cane Su pt Cuba Company.. Cuba R R(4.80). Cuban-Am Sug.. “uban-A Sug pf. Cudahy Pkg(4). Curtiss Aero(1). Cutir-Ham(3%) Cuyamel Fruit., Davison Chy Debenhms( Del & Hud(9).. Del L & W(17) Den RG Wn pt.. Devoe A (13.20). Devoe&R 1st(7). Dome Mines(1). Drug Inc(4).... Dunhill Int ($4) Duplan Silk (1) Dupont de N(4). Du Pont deb(6). Durham lios Eastman(18) sitingon(23%). .. Elec AutoL 4%, Siectric Boat. .., cPow&Lt(1). ¢ P&Lt pf(7) Elec Stor B (5).. 1k Horn. .. d-John(5). Eng PubSer($1). Eng Pub Ser rts. I3 Fed Mot T(80¢c).. Fidelity-Phoenx “ilene's pf(6%). First NatS(1%). Fisk Rubber. ik RRub 1st pf.. Fleischman 3% Follansbee 121 . Foundation Co. . Fox Film A(4).. Frank-S pf(7).. Freeport T (4). Fuller pr pf(6). Gabriel Snub A, Gen Asph pf(5) Gen Cigars(4). Gen Electric 16.. GenElec sp(60c) Gen G&ELA 1%. Gen G&EI B(12) 2 Gen Gas pf A(7) Gen G &1 A(8) Gen Mills (3)... Gen Mills (rts).. Gen Mills pf (6) Gen Motors (3).. GenOutdrad(2). Gen Ry Sig(5).. Gen Refrac(3).. Gen Refrac(rts) Gillette SR (5).. Gimbel Bros. ... Gimbl Br pf(7). 614 106! 106% 106% 106's 100% 100% 100% 100% 43% 200% 200}y 199t 199% 108 181 103 181 39% 58 99 101 10% 10% 10% 10% % 47 129 79 1083 68% 32 96 40% 42 100 105'% 105% 105'5 105% 23% 86 13% 85% 100% 101 119% 120 49% 100 81% 8l% 81% 8l% 5 48 63% 7 87 1843 184% 184% 184% 41 3 109% 109% 109'% 109% 8% 9% 32 150 3% 1328 55% 83y 247 43% 43% 43% 434 92 374 105 €8 % % 414 4T 164 111 21% 220 8514 164 22 61 20t 574 36 58% 881 324 511 3015 100 105% 45 55% 113% 113% 108% 108% 111 58 104y 49) S 1314 49% 64 4 145 T37% 50% 9913 253 177 260 181 9% 27% 1 6% 6% 24% 23% Y% % 47 464 129% 125 79 79 109 69% 52 108% 68% 32 96 40% 42 100 42 100 23% 23 89% 86 13w 13 854 84 98% 119% 49% 49% 100 100 6% 183% 183% 180%; 180% 48 64 7% 87 46'9 62'% 2% 87 40% 50% 331 3Th 45% 35% 82 293 282 734% 13 52% 8% 10% 32 154 5% 3% 133 8% 9% 32 148 75 3% 1301 56% 55% 84 82% 247% 244% 92 92 Case Threshg(6) 458'% 4585 451 37% 37% 105 105 68% 68 k3 % 41% 41 49 467% 16% 16'a 111 109% 21% 21% 218% &l 130% 129% 100 105% 105 45 56% 55 111% 106% 58 5Tl 6 104% 104% 104% 49% 493 24% 24 131% 130 49% 49% 65% 63% 6% 72 144 5914 58y T4% Tl Y 138 50 9915 254 171 258 132 128% 9% 9% 21% 2T% 831 82 oL 89% 51 100 26 177 260 6% 24% % 46% 125% 79 108% 68% 32 96 40% 42 100 28% 89% 13 84 98% 120 49% 100 46% 63% 2% 87 40% 32 287% 3% 5 3% 130% b5% 83% 244% 92 451 3% 105 % 41 4% 16% 109% 21% 216% 84 16% 224 61 19% 130 100 105% 45 56% 106%% 57% 49% 24 130 49 6 72 144% 5814 T 138 501 100 26 1284 9% 2T 8274 8914 271 Glidden ($1%).. Gobel (Adolph). Gold Dust (new) Goodrich(4)...e Goodrich pf(7).. Goodyear Tire. Goodyear (rts). . Goodyr 1st pf(7) Gotham H (2%). Gothm nv(2%).. Graham-Paige Granby (6). Grand F&W Grand Unon Grand Un pf(3). Grant W T (1).. Grt North pf(5). Gt Nor pf cfs(5) GrNorOrefs 314, Grt Wn Sug 2.80. Greene Cana(8). Guantanamo Su. Gulf Stat Stl(4). Gulf States(rts). Hahn Dept Stor., Hahn DS pf 6. Hanna M A (7).. Har & Walkr(2) Hartmn B(1.20). Hershey pf(4).. Hollnd Fu(e2%) Hollander & Son Homestake(17).. Houston Ol. . Howe Sound (4) Hud Man(24).. Hudson Mot(5) . Hupp Mot (£2)..: Illinots Cen(7).. Ind O & Gas (2). Indian Mot (1).. Indian Refining. Indian Refg cifs Indust Rayon. .. Inland St1(3%). Inspiration C(4) IngerboroRapTr. InterconRubber. Internat Agri... Intl Bus Ma (5). Int Cement(4). . Int Com Eng(2), Int Comb pt (7)., Int Harv (2%). Int Mteh pf 3.20. Int Mer Mar pf. Int Nick,Can 80¢ Int Pa&PoA2.40. Int Papr & Po B, Int Papr & Po C. Int Pa&Po pf(7) Int Preg Ink 2%. Int Rys Cen Am, Int Ry CA pt(5). Intl Salt(5) Intl Silver (8). Iut Tel & Tel(6). Inter Dept $(2)., Intertype(1%)., lowa Central.... Island Creek(4). Johns-Manv(3).. Jones & Lau(7) Jordan Motor, K C Po&LtB(6). Kaufmn DS 1%. Kayser J(5). Keith-Al pf(7 Kelly-Spring. Kelly Tire 6% pt. Kels Hayes(2).. Kelvinator Corp, Kennecott (4). Kinney (G R). Kolster Radio. .. Kratt-Pho(1%). Kresge (1.60)..., Kresge Dept Kress S H (1). Kreuger & Toll Kroger Gro(cl Kuppenhm pf(7) Lago Oil... Lambert Co (8) Lee Tire & Rub. . Leh Por Cmit 2% Lehigh PC pf(7) Lehizh Val Coal, Lehn & Fink(3) Lig Myers(15) Lig & Myrs B 16. Lima Locomtve Link Belt Co. . Liquid Car 4% . Loew's (13). Loew’s pf ( -60) Loose-W 18t(7). Lorillard Co. Louisiana Ol Louts GasA 1.75. Louls & Nash(7) Ludlum Stl ctfs, MacAndrw pf(6) 64 Me Call Corp(4). McCrory A(Z)... McCrory B(2)... McGraw HII(2). Mcintyre P(1).. McKeespt Tin Pl McKes&Ro 1.60. McKsnpf A 3%. Mack Truck(6). Mad Sq Gar 1%. Magma Cop (4). Mallison & Co... Man Elec Suply.. el 2% 107 ¢ Man Elm2g(46), 062% Open, High, Low. Close. 205 227 20 87 88% 4 4 150% 61% 6% 63 a1 194% 128! 6! 221 180 17 9 90!y 110 4 4% 100 234 11% 88% 94% 18215 122 12 4 109 186 122 12 109% 30% 9 110 % &3 106% 734, 108'% 106% 3% 1081 1061% 73 10814 327 32% B2% b1 4 Man Shirt(2), Marland Oil Marmon Mot( Martin-Parry. Mathieson(6)... May Dept S(4).. Maytag (12). Maytag pf(3) Mengel Co...... MetroG pf(1.89) Mexican Seab. ., Miami Cop (2).. Mid-Cont P(2).. Middle States Mid States ctr: Midland pfet12). Miller Rubber. .. Minn & St Louis. Mo Kan & Tex. . Mo K&Tex pt(7) Missouri Pacific. Open, High. Low. Close. T 47 48% Sl MoPacific pf(5).. 1 Mohwk Car 214 Mont Ward 2%. Moon Motor. . Mother L (40c) Motion Pic Corp Motor Meter A.. Motor Prod(2).. Motor Whl (2).. Mullins Mfg.... Murray Corp.... Nash Motors(6). ash & Chat(7). Natl Biscuit(17) Nat Cash Reg 14 Nat Dalry (33). Nat Dept Stores. Nat D St 1st(7) Nat Distiliers. .. Nat Distillers pf Nat Enamlg (1). Nat Lead(5).... Nat Radtator... at Radiator pf. t Supply pf 7 tTea (1% ada Cop (). O Tex&M (7). Alr Br(3) Central(8). C & StL(6). N Y CStL pf(6). CKesenane N Y Dock pf(5). N Y & Harlm(56) NYNH&Hart(4) N Y Ont&Westn. NY Stm 1st pf 7., Norf & Wn(r10) NorAm b10%stk North Am pf(3). NorAm Ed pf(7) No Germn Lloyd North Pac(5)... N N N N N §: : ¢ ¥ x Y X Ofl Well Supply. Omnibus........ OppenhmCol (4) Orpheum pf(8). Otis I3lev pf(6) Otis Steel.... Otis Stl pr pf(7) Owens Bot (c4).. Pacific Gas(2). ., Pacific Gas(rts). Pac Lightg (3).. Pac Oll Stubs. .. Pac Tel & Tel(7) Packard (13%3).. Pan-Am Petrolm Pan-Amer Pet B, Panhandle, Park Utah(80c). Pathe EX....000 Pathe Ex(A). Patino M (3.89) Peerless Motor. Penick & Ford Penn C&Coke. . Penn Dixle Cmt., Penn R R(33%)., People’s Gas(8). Phila Co pf(3).. Phila& RC&I.. Phil Morris(1).. Philllps P (1%). Phoenix Hoslery Pierce-Arrow Plerce Oll.. Plerce Petrol Pilsbury (1.60).. Pirelli, Italy(A) . Pitts Coal.....u: Pitts Sti p£(7).. Por RicoToA(7). PortoRIcoTobB.. Postal T&C pf 7. Postum(3)....e Prairie Oi1&Cas. Prairie P L 13%. Pressed Stl Car. Pr Stl Car pf(7). Public Serv 2.60. Pub Serv NJ rts, Pub Serv pf(6).. Pub SE&G pf(6) Pullman Co(4).. Pure O1l (1).... Pure Ofl pf(8).. Purity Baking Radlo Corp. Radio (new).... Radio-Keith(A). ReadingRy(4).. Real Silk Hos. Rels 1st pf(7) Remingtn-Ra: Reo Mot (11, Repl&S(4). Reynolds Spng: Reynlds (B)2 Richtield O11(2) Rio Grande Oil. . Rossia Ins 16% . Royal Bak P(1)., Safeway (3). Safeway pf (6) Safeway pf (7). St Jos Leaa13). StL & San Fr(8), StL&Southwest., Savage Arms(2) Schulte (h3%).. Seagrave(el.20). Sears-Roe(32%) Seneca Copper..: Shattuck FG(2). Shell Un(1.40).. Shubert The(5). Simmons Co(3).. SimmsPet(1.60) Sinclair (1213) SoToR Sui2y South Cal Ed (2) South Pac(6) South Ry(8). SouRyM&O cfs 4 Spaulding p£(7). Spang Chalfnt. . Spen Kellog 1.60. Spicer Mfg. SpicerMfg p ) Spiegel Co (3).. Stand Com T(1). SIUG&E (3%). Std G & E pt(4). Std Milling (6).. Std Millg pf (6). Std O of Cal(13) StdOIINJ(11%). StdO:INY (1.60) . Std Plate Glass. Stromberg (3).. Studebaker(35). Submarine Boat. Supertor Ofle.. .. Sweet of Am(1). Symington. .. Symington Cl A Tenn Copper(1). Texas Corpn(3). Tex Cor part pd.. TexasGulfSul(4) T&P C&O(b2%). Tex Ld Tr(new) Thatchr pf 3.60 The Fair(2.40 Third Avenue. Thomp J R(3.60) Tidewater AsOIl TIAWAsSOIIDpf(6) TidewatrO(80¢) Timken RB (8). Tobac Prod (8).. Tob Prod (new). Tobae Prod A(7) Tob Prod A (n) Transcont O11 Transue & W ( Trico Prod(2%). B+ TEuRcoR 8 $1:20. 527 % 188% 1 136 106% 48 87 310 814 29% 13 193% 102'% 5214 101% 58 109% 881 29% 195 104 52 1013 58t 10914 106 5! 195 104 524 101% 5814 110% 107% 2514 By 9% 56% 3 8% 1 177 139% 10 9_6" 7 12% 0 23% 43 18% 47 113% 1 127 476 95% B6% 1% 115% 1064 18% 59 58 2% 21 9% 50% 40 [T} 40% Received by Private Wire Direct to The Star Office Open. High. Low. 51% 51% 104% 212 49% 223 &1 TruaxTraer C... Twin City R Tr. Undwd-EI F (4) 105 105 Union Carb(6).. 214% 2174 Un Ofl Cal(2)... 499 49% Union Pac(10).. 221 224 Un Pacific pf(4) 4 Union Tank(5).. Utd Biscuit 1.60, Jtd Cigar St(1). Utd Elec Coal Utd Fruit (c4).. Utd Paperboard US Cast Ir P(2) j US CIP 1st 1.20, US CIP 2d 1.20., U S Distributing U S Distrib p£(7) U S EXpress. ... U'S Hoffman (4). U S Alcohol (6). U'S Leather..... U S Leathr A(4) U S Realty(4) U S Realty ri U S Rubber. U S Rub 1st pf.. U S Smelt(3%). USSmpf(3). U S Steel(7).... U S Steel pf(7).. U S Tobacco(3).. Uni Pic 1st pf(8) Univ Pipe & Rad UtahCopper(16) . Util P&L Atez). radasco Sal asco pf. Van Raalte. Van Raalte pf... Vanadium (14).. Vick Chem(4) Victor Talkg(4). 1 Vict Talk M cfs. 52 871 66 . 55 & 18015 143% 105% 9014 175 176 114% 19% 54ty Tty arCh 6 % pf. Wabash . Wabash pf A(5). Waldorf(1%)... Walworth(1.20). rd Bakin S Warner Bros Pic Warn Br Warner pt Warner-Qu(2).. Warrn Bros (15) Warren F&Pipe. str-Eis pf 7. Wesson O&S (2). Wessn O pf(n) 4. W Penn ELA(T). W Penn El pf(7) West P Po(6)... West P Po pf(7) West DairyA(4) West Dairy B.... West Maryland.; West Pacific West Pacific WU Teleg (8).. { Westhse A B(2) Westinghse(4). Weston Electric. White Eagle(2). White Mot(1) White Rock (3). White Sew Mach White SM pf(4). Wilcox Ol & G. 4874 60 4 2141 2 ¥ Wilcox (A) 23 Wilcox Itich B.. Willys Ov ¢1.20. Wilson & Co.... Wilson Co pf A. Wilson & Co pf. Woolworth (6). Worthn Pump... Worth Pump(A) Worth Pump(B) Wright Aero(2). Wrigey ((13%). Yale&Towne(4). Yellow Truck... Yel Tr & Co pf... 82 2 82 Young Spring.. 58 57! 58'% Youngstn Sh(5). 109 109 108% 109 Hourly Sales on N. Y. Market. 10:30 am.. 436,500 12 m... 1,539,700 1:30 p.m. 2,282,700 2:15 p.m 2,693,200 Dividend rates as given In the above tatle are the annual cash payments based on the Iatest quarterly or half-yearly declarations. Plus 4% 1 Pius 41% erred stock. this year—no regular rate. us 5% in stock. d Pay- ed, e Payable in cash or k. tock. Kk Plus h ai Siock: m Payable 1/10 share auarterly in United Cigar Stores common stock. B Plus 1144 in’ stoek Wall Street Briefs By the Assoclated Press. A compilation made in Wall Street discloses that the field of finance at- tracted more than twice as much new capital in the New York market in the first two months of this year as went into any other field. Of $1,550,180,202 invested in January and February, it is figured $606,703,632 went into new financial companies, $281,538,000 into public utilities, $163,673,445 into manu- facturing, $118,749,000 into foreign issues and $117,852,000 into transporta- tion, the leading attractions. Coral Gables, in which $150,000,000 was invested during the Florida real estate boom, has been reorganized through a new corporation known as Coral Gables, Inc, it was announced today, under leadership of banking interests joined by creditors of the enterprise, and with financing totaling $15,000,000. The new group states it hopes to pay off all Coral Gables debts within five years. George E. Merrick, founder and developer of the original project, will be president of the new company. Claims against the old aggregate $35,000,000. Thirteen fire and ‘marine insurance companies and three casualty com- panies, with combined assets of more than a third of a billion dollars, have pooled interests to write aviation in- surance through formation of associated aviation underwriters. Starting March 18, the participants will write all classes of airplane risks. » George Palmer Putnam, the publisher, and Brig. Gen. Peter Edward Traub, U. S. A, retired, have been elected directors of Interallied Aeronautics, Inc., a newly formed corporation, which is offering 200,000 shares of capital stock on the market, it was announced today. The corporation was formed as a hold- ing and financing company. The Fairchild Corporation today an- nounced that during January and Febru- ary they had received orders for $314,- 000 worth of airplanes for export. The orders are for 18 airplanes, 13 of which, costing $223,000, already have been de- livered. The two months sales represent 17 fpcr cent of the total value of air- | craft facturers last year, the company said. Ten of the Fairchild planes were sold to companies in Central and South America. A group of Detroit and New York banker: preparing to offer an issue of securities of the Outboard Motors IN SELLING TREND Market Eases Off in Early Dealings and Rallies Lack Force. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 11.—With trad- ing in the smallest volume in three weeks, today's stock market registered an irregular reaction. At times selling was heavy and then it dried up, but the recoveries were mnever well sustained and only a few stocks, among them Radio, managed to move against the trend. The railway equipment shares were | strong, including American Locomotive, American Car & Foundry and Pullm: but leading industrials and rails al sold off. The market showed its charac- ter directly at the opening, ‘The market was weakest at the close. United States Steel, at 181, was off over 4 points; Chrysler, under 107, also was off more than 4; Anaconda, at 153, down 3%z, and American Can, at 116, down 3 points. The early selling seemed to be based on renewed fears about the discount rate. Friday and Saturday the Street had been confident that no change would be made. The accepted view was that the Federal Reserve was going to stand aside and lei the speculative fire burn itself out. Today opinion veered in the opposite direction. The rumor went around that the Boston bank would raise its rate,this week. Needless to say, there was no responsible authority to the report. Standard stocks, such as Steel, Anaconda, American Can and General Electric, slipped off easily in the first hour, when the feeling was most pessimistic. Kennecott, which had made such a good showing on Saturday, established a record high just under $100 a share, reacted with the rest. Anaconda was pressed for sale and in the railroad list Baltimore & Ohio had a setback. The decline in Baltimore & Ohio, however, was connected with the report that no action toward raising the dividend would be taken at the coming meeting. Sponsors for the stock insisted that an increase was coming sooner or later. A number of stocks stood out against the trend. Atlantic Refining was ac- tively bought. On the basis of 1928 earnings the stock is far behind the market, reflecting doubt about the pres- ent oil situation rather than results of the year just passed. The rally in Radio came along toward noon, when the old stock was bid up sold for export by American manu- | S Corporation, which has been formed from consolidation of the Evinrude Motor Co., Elto Outboard Motor Co. and the Lockwood Motor Co. Combined net earnings of Foremost Tabrics Corporation and New Bedford Silk Mills, Inc., recently merged to form the new Foremost Fabrics Corporation, were $301,913 for the year ended Febru- ary 2. This was equal to $3.02 a share on the capital stock of the merged con- cern as compared with $1.08 a share | for the preceding year. FEDERAL LAND BANK BONDS Special Dispatch to The Star. - NEW YORK, March 11..—;;i Land Lanc¢ ; 1987-870 195° . Land Bank 4'2s Land Bank 4%s J.&J. 1 Tand Bank 435 Ja 4 Land Bank 4% July 100¢ Tand Rank 6s Nov. 19410 100! Land Bank 55 May 19410031, to 473, a gain of 12 points on the day, and the new stock crossed 94 for the first time. Both of these issues had been heavy in the initial dealings. A high-priced industrial that was prom- inent on the upside was Burroughs Adding Machine. It had gone up more than 23 points last week. Today at 292 it was up over 12 points more. Call money renewed at 9 per cent, but dropped to 8 per cent just after noon. Not so much attention was paid to the immediate money position today as to the longer range outlook, . Railway Equipment. NEW YORK, March 11 (#).—] railroads are expected to enter thi;‘;?lrr? ket for equipment following the placing ot large orders by Western roads. Since January 1 car orders have totaled ap- proximately 37,000 against 51,200 cars for the full year 1928, As result equip- ment companies are expected to show better earnings this year than last. . Merritt-Chapman and Scott - tion and its subsidiaries, inclugiol:lpo!?le recently acquired McLean Contracting Co. of Baltimore, reports consolidated l"let 1928 profit of $1,037,155. Exclud- ing the McLean Co., net profit was $990,280 against $624,978 in 1927, FINANCIAL. WOOLEN INDUSTRY FACING DILEMMA Special Dispatch to The Star. NEW YORK, March 11.—With the shearers just commencing to work their way North from Arizona and the Texas-Mexican border, the outlook for raw wool this season is not particularly impressive. Stocks on -hand are anything but heavy, but the consumers are ready to flutter away whenever a seller comes in sight. In the main sheep-producing States of the West the herds came through the Winter in fine shape and the clips seem likely to be heavy. In fact production is expected to be de- cidedly heavier than in 1928. Prices are far lower, however, than at this time last year, Moreover, there was then considerablv more contracting for unshorn clips then has been the case this season. Th* Western wool | men have been cli oring before the House ways and m s committee for an increase in tariffs « 1 imported wools, but even if some su~h measure should be granted, it is unli that it would go into effect soon enough to help the growers much this_season. The real trouble lies int the situation of the woolen manufacturers. Those | who depend largely on what are known | as staple goods are in anything but a bright position. They find themselves on the horns of a dilemma. Most of | them cannot make money unless they | operate at approximately 85 to 90 per cent of capacity. If they turn out! Consult Us S T ‘We Make First Homes, Apartments and Business Pr 1321 Connecticut Avenue. —_— e ————————————————T ISTOCKS IRREGULAR goods at the rate of 80 to 90 vper cent of capacity, they are sure to swamp the market. For despite the fact that some companies have been liquidated and some mills scrapped the mill ca- pacity of the industry still is at least 25 per cent heavier than consumption demands. It is likely, according to the wool statisticians, that most plants will not operate at above 70 per cent. This will cut down the amount of wool used. Besides this the trend of style for the time is all for the lighter, softer, thin- ner goods, which, while they may require high-grade wool, the most prosperous units of the industry are specializing in the soft, thin woolens, marvelously dyed and carrying the most attractive of specialized design in distinction from the so-called staples. Notice OF HOME ICE MANUFAC- MPANY SERIES 157 D GOLD BONDS DUE TO HOLDERS TURI] SINKING F! AP 193 een deposited with Mer- nd Trust Company, trustce nge securing the above 10.399.87, pu ald Ser chased, thereo, al soned s The right to and all bids is hereby resery Regarding Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS 5%2% Mortgages on operties in the District of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. Decatur 3600 JOHN JOY EDSON, Organized 187! Assets ......egeeoee...$5,513,051.63 President 9 dependence by saving sys in the Equitable. of tremendous help in ac money. Stop in and let u about it. 915 F S You'll find our pla Equitable Co-operative Building Assn WALTER S. PRATT, Jr., Secretary 49th YEAR COMPLETED Surplus & Profits...,..$1,601,704.98 Subscription for the 96th Issue of Stock Being Received Think of the Future By Saving Now Lay the foundation now for financial tematically cumulating s tell you t. N.W. MENT OF THE CONDITION The County Fire Insurance Co. of Philadelphia, Pa. New York Dept. at No. 1 Liberty St.,New York,N. Y. On the 315t day of Decemby " p dllired under the District o0 Coltmbia" Gone, Gabital “siock. o 120% and Ausust 16 oLl 500.000.00 Cash in bank... estate mortgages (first lien) 7.000.00 Stocks and bonds ( R b R hands of agents... *147.817.18 Interest due and accri 1 . All other assets....... 2.702.94 ..$1,819.389.01 e in excess of Capital stock, pai Total assets... *Amount dus ‘fo s agency balances Joiiable Net unpaid_claims. Reserve as required by Taw Reinsurance premiums Salaries, rents, expens (1738 92.500.00 12500.00 500,000.00 i 25.000.00 nce, 663.712.49 Total Liabilities. $1.819.339.01 Character of business 'transacted during the year 1928—FPire, tornado, sprinkler, leak- age. automobile, inciuding theft, collision and property damage. Amount of risk assumed during the year 1928 .. $164,934,605.00 sustained ' during *‘the r 1928 347,669.92 707.011.90 W, K kAoP, Fresident.” . H. , President. D. R. ACKERMAN, Ass't Secretary. Subscribed "and sworn to before me this 4th_day of February, 1929. (Seal) J. HOMER REED, Notary Public, Bronx County. No. 20. “.;:en 1928 ... Expended’ dur} incate ‘Aled in New York County No. “STATEMENT gi; _}1;;’1!3 CONDITION Provident Mutual Life Insurance Company of Philadelphia, Philadelphia, Pennsylvania, On the 31st day of December. 1928. as re- auired under the District of Columbia Code, amended June 30, 1902, and August 18, 1911 £1,116.92 445.644.60 5.403,970.27 90.407.655.15 86,140,522.39 4.80.158.81 value T 5 Premiums’ uncollected ‘and ‘de- rred 357037457 | 28.711,923.73 19,661.375.44 § Net unpald claims. . . 369643660 srfi:‘:‘\'t as l’f‘lllhrd 184.865.638.00 alatics, Tents. expenses. taxes. te e 744,856.26 11,001.01 . 1264762 other” Tabilities, including specia es. $17,017.- 794.65, _and _dividend 1929, '$7,173,000.00 . Total labilities. .. Charecter of business " t the year 1928—Life insuran il the year 10z8. . ... ;"fma.m.lw.m e err Tod'” e e 6201.70.04 one. aney receive . 44,236.958.15 Expended’ during thie 938 29.203.722.97 M. ALBERT LINTON, Vice President. L. C. ASHTON, Secretary. Subscribed and afrmed to before me this 19th day of February. 1929. (Seal.) ELIZABETH PARK, Notary Publie. My commission expires at end of next session of Benute. Herbert 0. McLean etc. Commis ‘ 4 Cash dividends remaining Al for 3219.661,375.44 El nsacted during e, 0,791.00 | 8212 ||| Low Interest Rates /AMERHCAN CURKTT 15th and Penna. Ave. N.W. FIVE LOANS on REAL ESTATE We invite applications for loans on improved property in the City of Washington on a straight three- year or monthly payment basis. CONVENIENT OFFICES APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the Dis trict of Columbi: and adjacent suburbs in Montgomery and Prince Georges Counties, Md. 5Y2% INTEREST Apply to H. L. 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