Evening Star Newspaper, March 13, 1929, Page 14

FINANCIAL. T.L&T.C0.PLANS " ATH ANNIVERSARY President Larner Announces Occasion Will Be Observed Appropriately. BY EDWARD C. STONE. It was announced today by John B.|Am AgriCh pf.. Larner, president of the Washington|Am Beet Sugar. Loan & Trust Co.. that the bank will| Am Rosch observe its fortieth anniversary this b4 Plans are al- Teady being consid- ered to make the occasion an im- portant event in the company's history. The trust company was founded in 1889, the exact date of opening being August 15. The officers and directors can look ‘back upon four dec- ades of steady financial progress. Net earnings for last year were high- er than in 19 amounting to $260.: 064, with $100,000 added to surplus and stockholders re- ceiving dividends of $140,000, at the annual rate of 14 per cent. Deposits increased $1,171763 to 2 total at the end of 1928 of $15,684918. The bank's total resources increased in 1928 from $17.837.976 to $19,107,324. ‘The savings depl:‘nmmn: s;;owed rlr- ticularly good galns. The big event in . the lnsmu:lion's more {ecerttglsll’?;y s g:;lf‘:";;;'- was the erection and opening last Spring s of an addition which more than dou- | Am Ship& Com. 4t - |Am Shipbldg(8). §7 bled the bank's floor space. g ot President Larner has played & vital | am S& R pf(7). 13 part in the institution’s growth. He was| AmStl Fdy=(2). closely identified with the bank at the | Am Stl Fy pf(7) 1 start, his first position being that of | Am Sugar...... 52 §2 81l Xl He was also general! Am Sumatra(3). 50 52 50 52 Am Tel & Tel(9) 2147 2167 214% 216 Open. High. Low. Close. 44 43 4 821 0 Abitibl Power, Aoltibt Po pfy Adv Rumley... Adv Rumley pf X2y 8274 07 TN TIN TN 718, 3% 3% 34 3l 105t 106% 104's 104% 9 9 P 9% T T TH 1913 194 " 700 Alaska Junea Albany Papr(2). Alleghany Corp. 34% 34% 34 3th Alleghany A 5% 101's 102 1015 101% Alliea Chem.... 285'% 292 285 202 Allls-Chalm(7). 175 175 175 1 Amerada(2).... 31's 32% 31 Am Agricul Chm 1814 184 2 62 17 Am BrSh(h1.60). Am Brown Bov.. Am Can (14). Am Can pf(7)... 141'4 141'% 141'a 141" 102 100% 100% 854 K5 Sl A 24 B3 M 9 9% 4 41 4 314% 314 314 108% 111 108% 108% 978 97N 9TA 9T 29 2 Am Drug (60¢). Am Encaus (2).. Am Express(6). 314 Am & For Pow.. Am&For Pow 2d. Am&ForPo(rts). Am Hawa SS(1). Am Hide & L pf. Am Home Pr¢3) 7 Am Tce (13)..... 40' Am Internatl {2, 65t Am LuFr&Foam T 6%} Am LaFrance pt 67 67 Am Locomot(8). 113% 1185 1121 112'% Am Locopf(7).. 116 116 116 116 b 67 674 20 Jobn B. Larner. AmPo&Lt pf(6)) 102'5 102'3 10 Am Radiator(§) 175 178 1T 164 1ad 51'% X K 67 6 6 " 4% 115 35 F8ln 13 4 116% 114 23% 135 69 2 114 680 | 114 vice president. counsel. For many vears he has been Den'RG Wn pf.. Detroit Ed(8) 2. A (13.20), 0e&R 15t(7), Diamond M Dome Mines(1), Dunhill Int (34). Drug Ineid).... Duplan Silk (1). Dupont de N(4). Durham Ho Eastman(18)... Eastman pr(7). Baten Axle (3). Eiungon (2% ) Fitingn pf 614 Elec Autol, 1415 Eiectric Bo Eieclows. . ec P0 50% 315, ec P&Lt ufi7) ec Stor B “ik Horn. Emp Capwi Knd-John(b) Eng PubSer($ king Pub Ser rts Eng PuSpfh). Eng PuSpfbla. . D Fureka Vae (4).. nsAuL 12%. Fairbanks(3)... FairbankMpf(7) 109 Fed Mot T(30e). 18% Fidefitv-Phoeax 977 Filene's pf(6%). 106 First N P 1st(8) 106 First NatSt14). 6i% Fisk Rubber. 1 Fleisehman 133 Gabriel SnubA.. Gardner Motor., Gen Am TC($4). 94 ien Axphalt.... 65 Gen Asph pf(5). 107% ien Cable.. 4By Gen Cable A(4), 111 ien Cigars(4) 684 Gen Electrie 8., 233 GenElec apbte) 11% Gen GREIA 115. 88% 6% 15% Open. T0% 268 158 kN 69% 10810 B8% 113's Rty 231lq 2 1% 28! president, with John Joy Edson as/Am Tobacco(8).. 170' 17015 170' 170's | Gen Gas pf A(7) 11215 11 chairman of the board. Am Tobac B(8$ Bank Names New Director. At the regular monthly meeting._ of the board of directors of the Washing- ton Mechanics Savings Bank, the regu- lar quarterly dividend of 4 per cent was declared, payable April 1, to stockhold- ers of record March 20. Clarence F. Burton was elected & director to fill the g}lce caused by the Tecent death of R. H. Bagby. Mr. Bur- ton is a member of the local bar and a certified public accountant of the State of Nevada. Local Dividends Declared. The board of directors of the Conti- mental Trust Co. have declared the reg- ular quarterly dividend of 112 per cent. ‘The disbursement is payable March 30 to stockholders of record March 25. Directors of the Federal Storage Co., at their Monday meeting, declared the regular dividend of $2 per share on .the preferred stock. April 15, to stock of Tecord March 30. Atlan Ref pf(7). 116 Run Again. e AtlasPowder(4). 100 The board of governors of Wash-|Atlas Pow pf(6). 102 o il et e T 3 lec] 5 uto LN A 4 date !:r a place on the executive|Auto Sales (rts). ‘: !: council of the national organization at|AutoSalespfi3) 38 38 38 the convention to be held in Tulsa | Autostrap A(3). 484% 4814 A84 Okla.. in June. The board has selected | g1 s o(¢).... 127 = mfiwl’:‘nmm:’;‘: iy |EADE& AT, 6. 69 6 6 lhhm"u N pestal meeting of “the | BarkerBros). 82 . 62 32 32 chapter has been called for tomorrow Barnsdall A (2). 41% 434% 41% 42% evening in the chapter Tooms for Tati- | Bayuk yos ofcty, 108 s fication of the board's recommendations. | Beacnn O! 208 e s 4 “ees i !1&!'2' that he will be elected. Last! Bethlehm Sti(é) 100% 104% year's race was most exciting and was | Beth Steel pf(7) 120 lost only because there were 0o many | Bloomingdale. 49% candidates in this same territory. mfi r::l)::,. 187IA lon (6). 182 183 Treasury Issue Aliotted. Briggs MfgFCo.. 46% 47% 46% 47% Secretary Mellon reports that the|Brockwy Mot(4) 63% 63% 63 new $475,000,000 Treasury 43, per cent | Bklyn-Man(4).. 74 offering Wwas. -oversubscribed, subscrip- | BklynUnGas(5). 180 180 180 tions _aggregating $523000,000. ' Sub- | Brunswick B(3). sin sl 50w s0n scriptions for the issue maturing March | Brunswick Ter.. " % 33 15 %Ave been allotted in full, about|Bucyrus(l)..... 37% 37% 27% 374 $33,000,000. Allotments on the cash sub- | Bueyrusev(2i4) 45% 45% 45% 454 scriptions were made as follows: Burns Bros(B).. 33% 33% 333 3%% All subscriptions in amounts not ex- | Burroughs (t5). 289 289 287 287 cezding $100,000 for any one subscrib- gn:h %‘o"g“z’n'" 102-« 110 109% 110 er were allotted in full. Subscriptions | Butte Cop ne 9% 8% 8% in amounts over $100,000, but not ex- | Butte &Sup(2). 10 10 ceeding $1,000,000 for any one subscrib- | Butterick Co. 3L 3l 314 er. were allotted 90 per cent, but not :""C" ase - 147 151 less man $100,000 for any one ,\,':m‘b y-Frodets 12%. 114% 116% 1143% 116% er; and subscriptions amounts over | Calit Fack(4) 64 $1.000,000 for any one subscriber were | Callahan Zinc. W 3 nlhtm srsflp::-”ee;:; fi&:fi;&' l:n than | Calu & Ariz (6). 134% 136 Lower Prices in Local Issues. Can Pacific(10). 244 246 244 Some local issues sold lower on the |CaroClin&O(4). 91 91 o1 Washington. Stoce Exchange today, | Car CIAO sta(5). 1014 1014 101 while others maintained recent levels, [ Case Threshg(€) 450 450 450 450 * Capital Traction opened at 103!, and Cavanah Dobbs.. 37 37 87 37 closed at 102', on small lot trading, |CelotexCo (3)... 68% €8% 687 68% Columbia Sand & Gravel preferred | Celotex (rights). = & opened at 93 and close at 93, also on | Cen Aguirre(2). 40 40 light trading. Security Storage preferred | Cent Alloys2)... 47% opened at 122 and closed at 121%%. g“"“" RibM.. 16 Potomac Electric Power 6 per cent c"""'d"’"“)' m preferred came out at 113} and the | Sertain-teed Pro 515 per cent issue at 1083 ilway & C:“gg- o Electric preferred opened at 98 ard ad-'| (28 o'e 3 vanced J of a point. Federal-Ameri- |Gt O Corpn(s) can Co. preferred sold at 103. Mergen- | Cy & 200 L. thaler changed hands at 1077 and 108, n'n: =y on 8,60-share turnover, and 100 shares | o7 0™ "“ of Merchants Transfer' & Storage pre- | Gl IN&T B ferred at 111. Chi Mil & StP pi The only bank stock out was Wash- | oy g Nwn (4) ington Loan & Trust, which sold at 530 for three shares, against the last pre- vious sale at 523. More interest wus shown in bonds today, Potomac 6s moving at 108', Washington Gas 5s at 10173, Railway & Electric 4s at 88% and id Georgetown 58 at 101%5. Finaneial District Gleanings. - 170% 1713 1700 171 Am TypeFo(8) Am Type pf(7).. 111 AmWWE&EIl(el). 86 AmWWist pf(6) 997 997% Am Woolen. 21 21% Am Woolen pf. 46 Am Zine. 5t 47 147 m 86 147 m 86 147 111 Anaconda -57% b6 | 57% 1 1 1 1 Anchor pf (63). 119 119 119 119 AndesCopr (3).. 61% 62's 61 61'3 Archér Danls(2). 43's 444 43 a4 Armour Del pf 7. Armour Tll(A).. 14% 1 Armour III(B).. % Armour 11 pf(7) £0'y Arnold Con &Co 29% 89 89% 89% 89 14 14% a T n £013 80's 80% 30% 204 30% 98's 98% Atchison pf(5).. 1034 103% 1 Atl Coast L(110) 180 Atl Gulf & W1.. At Gulfpf (4).. b52% 52% 52 Atlan Ref(i1%) 60% 624 60l 130 180" 39 41 39 61 116 100 116 100. 102 116 100 100 100 64 6% 232 244 In Y 38 48% 127% 126 126% Bayuk Cgrs (2).. 8d'a 100 120 8T 103% 120 63% 7 3% 3% 33" 19 5% 75% 34 3% 13¢ 136 Cal&Hecla(4).. 56% b56% 56' b6% CanDry (14%). 84 84 831, 83% 2441 91 101 k) s 40 40 48% 4T% 483 17 16's 1L 110 22% 22 21 17 110% 22 21 21 2184 218% 84 22% 35% 88 32% bl 5l 1294 129%4 129 129 100% 100t 1001 100% 106% 106% 106% 106% ChiYelCab(3).. 335 3313 3312 33 Childu(2.40). b5% 66'a 65% bB5% P (3%).. 113 113% 112% 113 Mot(3) 107% 108% 106% 107% City Ice p£(6%). 104 104 104 George E. Fleming, vice president of | City Stores new. 23% 24 the Union Trust Co.. who been ill | Cluett-Peab(b)., 65 65 for about a month, is back at his desk | Coea-Cula($).... 130 130 today. Coea-cola (4).... Prank W. Stone, vice president of the | Colilas & Alkmn. 64% 685 National Savings & Trust Co., whe was | Col Fuel & Iron. 74 taken ill shortly before inauguration,|Col Sou2d pf(4). 75% 76'a has returned to the bank. Col Gas & E1(5). 143'a 145 The Riggs National Bank Club will | Cel Gas&El new. b8% 58% have a St. Patrick’s dancing y at | Col G&E pfA(6). 105 105 2400 Sixteenth street, Saturday eve-| Celumbia Graph 72% 73% ning, according to announcement by |CelCarbonté%. 138 1411 the club president, George Dagenals. |Com Credit (2).. 50% 60% The board of governors of Washin Com Cristpf 6% 100 100 ton Chapter, A. 1. B., will meet at head- | Com Inv Tr(34). 176 182 quarters this evening. Com lnv (war).. b6% 56% A. E. Henze and Charles E. Hall of | Com In Trpf 6% 96% 96% W. B. Hibbs & Co are arranging for | Com Solv (h8).. 260 270 a dance of the employes to take place Com Power(13). 129 132% Saturday ev:qmr;,z ;: mfi,w%l:::‘o{ - Congoleum-Nair 26% 27 Grayson M. P. Murphy, o - brokerage firm of G. M. P. Murphy & | Song Cars (B).. £0% S0h Co.. who came to Washington in con- c: i R T 194 nection with business of the organiza- c°: ”‘If":'"‘ a7 o tion last week, is spending the present | ol oy . 105 108% e e ConsolGaspf(s). 99 President_Maurice Otterback of the| 00 T“’m. a4 Anacostia Bank stated yesterday that Conum‘ A 130 lans for the new theater to be erected | €00 % Anacostia will be approved at a meeting of the board. A Good Rule to Follow—If. ‘When George F. Baker buys any- thing. says the Wall Street Journal, he never sells it. He is still in of his ol l.m} ll\;o.ld]l‘nn wz; !u':l, First Natfonal ink stock, etc. . Tule to follow, that is if you | Cresiey Rad (1). ia 3 m,,f""d dgm good CrownWP1stpf? :at m’?{k{‘: Gl 13 that (o eible St1(6). . CubaCaneSugar. — Cuba Company.. . C -, . F° Rubber Imports Grow. ettt e NEW YORK. March 13 (@).—Im- CRI&PpI(S). CRI&Ppt(1), 129% 129% 1434 146 585 68% 105 105 2% 18% 138 50 100 100 176 182 56% B6% 961 965 260 2698 129 1324 26% 27 82% 82y, 834 901 93% 93l 27 21w 106'% 1054 99y 50 Container B 60c. Cont Baking A.. Cont Baking B Cont Bak pf( Cont) Can (23%). Contl Insur (2).. Contl Mot(80¢).. ‘Erie, | Corn Prod t3% This | Coty. Ine (82). 19% 19% 1% 1% 64% 64% 6 6 b7% 585 152 154% €0 61y B 76 63% 6410 120 122 195 195% 129 129 4% 64 6 6 57% 38 1510 152% 6015 6l %% 6 6214 631 120 122 195 195 120 129 Cuban Dom Sug. portations of rubber in February in- [Cudahy Pkec4 creased to 64,538 tons, compared with [ Curtiss Aero(1). 20,445 tons in February. 1928, the Rube § Cut! (3%) + ber Association of America, Inc., reports. | Cuyamel Fruit.. Total importations for January and s0n Chem. . February were 116.843 tons. against 75.- | Deere&Co pf(7). A 688 tons in the corresponding 1978 pe- ' Dei& Hud(9). \riod. DeiL& Wh.. % | Inter Dept §(2)., 49% 49% 49% 49% | K 141% | Kr Gen Gas pf B(7) 112!z Gen Mills (3). Gen Mills (rts Gen Ry Sig(6).. 103is Gen Ry S pf(é).. 103 Gen Refrac(x).. 176 Gen Refrac(rts) 2l Gillette SR (5). 115% G'mbel Bros.... 40% Gimbl Brpf(7),. 82'a Glidden (11%).. 41 Gobel (Adolpn). bé'a Gold Dust (new) 69 . 2% 128% Goodyear (rts).. 14 Goodyr 1st pfe7) 108% Gotham H (234). 66 Gothm nv(2%).. 65% Gothm pf exwar. 97'» Gould Coupler A T Graham-Paige. 46'a Granby (6). 90% Grand F&W (1), 87% Grand Unon.... 25% Grand Unpf(3). 49 Grt Nortn pf(5). 108% Gt Nor pfefatb) 106% GrNorOr cfs 3 3 Grt Wn Sug Greene Cana(3 Hacknsk W(134) 27 Hack W pf(1%). 30% Hack pf A(1%)., 27 Hahn Dept Stor., 474 Hahn D S pf 6%. 104% HamiltonWpf(6) 102% Hartman A(2).. 25% Hartmn B(1.20), 27 Havana ElRy... HavEl Ry pf(§). Hersney Corp... Hershey pf(4) 8213 Hershey pr pf($) 105 Hoe&CoA..... Hollnd Fu(e2) Hollander & Son. Homestake(17).. Houston Oil. Howe Sound(4)., Hud Man(2%), 73 82% Td% 9% 73 a7 ki th 141 143 Hupp Mot(13)... Ilinols Cen(7) 11 Cent pr(6). Indo& 2). Indian Mot (1).. 25% Indian Refining. 34% Indian Refgcifs 34% Indust Rayom... 121 Ingersoll-R(14). 125 Inland Stl (3%). 91% Inspiration C(4) 62'% InterboroRapTr, 48% InterconRubber, 12 Internat Agri. Intl Bus Ma (§. Int Harv pf(7) Int Mtch pt 3.2 f.. Int Nick, nnnloc Int Pa&PoA2.40, Int Papr & Po Int Papr& PoC. Int Pa&Popf(1) 90 Int Prtg Ink pf 6 104% Int Rys Cen Am. 1ot Ry CA pf(6). Intl Salt(5). Int] Silver (3) Int Tel & Tel6). 208% » Jewel Tea (16)., 149 Johns-Sanv(3).. 185% Jones & Lau(7).. 122% Jordan Motor..e 12 K CPo&LtB(6). 109% Kan City Soutb) 88 Kaufmn DS 1%. 30 Kayser J(5) 20 3 Kelly-Spring.... 19 ois Hayes(2).. b5% Kelvinator Corp. 16% Kennecott (¢)... 98% Kinney pt(3).... 1 Kolster Radio... Kraft-Pho(1%). Kraft pf (634).. Kresge (1.60)... 52 < SS pf(3). 113% Kress SH (1).., 104 Kreuger & Toll.. 4l% Kroger Gro(c1), 102% Laclede G pf(5). 100 Lambert Co (8). 143% Lee Tire & Rub. 0% Leh Por Cmt 2% Lehigh Val Coal. LehighVal(3i). Lehn & Fink(3).. Lig& Myrs B 16. Lima Locomtve Link Belt (2.40). ar t4%. 13).000e 0% £ (8%). 104 . 1% 12.60., 68 Loose-W 13t(7). 119% Long-Bell(A)... 29's 24t 134 a2 Louis & Nash(7) 141 Ludlum Stl ctfs, 76 Ludlum 8 pf 83. 100% Mac And(12.35). 41% MeCall Corpié). 78 McCrory B(2)... 109% McGraw Hill(2). 4é Mack Truek($). Macy Co (e2). Mad 8q Gar 1%. Magma Cop (4). Mallison & Co... Man Elec Suply. Man El ma(ds) s 108 163 214% 6% ® 224 60!y 317 1 50's 104% 115% d 82'% 42% 5w 69% 9ty 130% 15 104 66 6% 9l % 467 My 8% 26 49 108%4 106% a 27 49 1084 102% 25'% 2T 85 105 6% 49% 73 8% W 11 43 3215 25% 36% 354 1224 125 92 6274 49% 20 1045 49% 211 8% 149 190% 122 12% 109% 88 1 98% [ 118% 104 a 103% 100 145% 21% i 28% % 58% 897 i boia 83 3% 104 8% 6815 120 2915 244 14 PN 1L 798 100% 41% 3 b 1074% 168 21% 8% 28 2% 50% 0% 10 NEW YORK STOCK EXCHANGE . Low, Clese. 70 240% 242 b8y b8% 115's 115% 163% 158's 9% 10% 68 154% 1644 14% 14% S 7 107 8% 5 34l % 76 3% 23Y 97 72 47% 69% 48%% 109 184 98 107 b6% 1131 63 2821y 1% 882 1129 103 76 « 2% 115 % a2 42% bdls 9% 93 321 3% 17 4 100 0% @4 27 3 27 26% 27% : e 58% 49% % 140% 140% 43 148 1% 31% | 248 24% 3% 364 ETSE T 120 121 125 128 N 92 6% 615 4% 48y Bk 41 50% 2% 2% 4% 90 9 104% 104% 49 4% 78 73 s34 8 1441 148 2074% 210 9 81 149 1807% 12t 12% 149 184 121 12 109% 28 10% e 108% W 60 4% 984 | Marland Oi1. Received by Private Wire Direct to The Star Office Open. High. Low. Close. 198 19% 19% 19% 10814 109% 21% 21%. $ia 484 39% 24 49% 107% 216 49% Open. Migh. Low. Close. w 30 80 14% a8 74 ‘Tob Prod (new). Tobac Prod A(7) Tob Prod A (n).. Man Shirt(2)... Maraesibo Of1, Marlin-Ros 13 % Marmon Mot (4) . Martin-Parry Mathieson( Trico Prod(2%). TruaxTraer C. Twin City R Tr.. Undwd-EI ¥ (4). Union Pac(10).. Un Pacific pf(4) | Unlon Tank($).. Utd Biscuit 1.60., Utd Cigar 8t(1). Urd Eleo Coal. .. Ut Fruit (c4).. 1 US CastIr P(2), USCIP 15t 1.30, US CIP2d 1.20.., U 8 Distributing U 8 Distrib pf(7) U 8 Hoffman(4), Mid Statea ctfa. . Midland pf(t12) M:iler Rubbe Minn & St Louf Mo Kan & Tex. . Mo K&Tex pf(7) Missour) Pacifle. MoPacific pf(6). Mohwk Car 214, Mont Ward 3%.. Moon Motor.... Mother L (40¢).. Motion Pie Corp. Motor Prod(2). Motor Whi (1), Mulline Mfg. Munsingw:(8), Murray Corp. Nash Motors($) Aeme (1)... Bellas H $1. Un Leaf T pf(3 ' | Univ Pipe & Ra Utl] PAL A(e2), Na ‘ et Vadasco Sale: Van Raalte pf. Vick Chem(4). Victor Talkg(4), Viet Talk M cfs. Victor pr pfi7) Va-Caro Chem. . Va-CarCh §%pf. Va-Car Ch pf(7) Vulcan Detin(A) Waldorf(1%). .. w orthe1.20). Ward Baking (A" Ward Baking B, Ward Bak pf(7). Warner Bros Pie Warn Bros P rts Warner pf(2.28) Warner-Qu(3).. Warren F&Pire. NYAIrsrd).. N Y Central(8).. NYC&SILS), NY CRtLof(s). N ¥ & Harlmb) NYNH&Hart14) N Y Ont&Westn. NY Stm Iatpf ¥, Norf& Wn(v10) Norf & W pf(4). NorAm blo%atk North Am pf(8). NorAm Ed pf(7) No Germa Lioyd Webstr-Eislehr. Webster-Eis rts. Webstr-Eis pf 7. Waesson O&S (2) Wessm O pf(n) 4 W Penn El pf (6) ‘V‘l: Penn £ pf(7) Ol Well £ pf. % | OppenhmCol (4) Otis Elev (8, Owens Bot'(ed) Pacific Gast3). o Pacific Gas(rta). Pac Lights (3).. Packard (13%4).. Pan-Am Petrolm M. White SM pf(4). Wileox Ol & G.. Wilcox (A) 3%.. Wlcox Rich B. Willys Ov e1.20., Willys-Ovd pf 7. Wilson & Co.... Wilson & Co pf. Woolwerth (8).. Worthn Pump. .. wright Aero(2). Wrigey ((13%). Paramob i Park Utah(30c). Pathe 6% 4% . 58 b8 B8 8 ). 111 118% 111 113% Hourly Sales on N. Y. Market. 20am.. §37.100 12m... 1.667.600 1:30 p.m. 2,251,600 3:16 p.m 2,651,900 (ven 1n the above table g O People’s Gas(3). Pere Marq.(13 Pere M prior(s). Pot Milk (234).. Phila Co p£(3)... Phta &RC& 1., Phil Morris(1).. Phillipa P (1%). Phoenix Hosiery Pierée-Arrow. .. Pilsbury (1.60)., 63% PittaFtW pe(i). 1815 Per RicoToA(7). 37 B.. 41% Carlton Denies Merger Report. NEW YORK, March 13 (#).—New- comb Carlton, president of the Western Union Telegraph Co., returned from s | England on the Olympic today. He went abroad recently to observe the re- sults of the merger in England of ra- dio and telegraph, but would not say whether he found it satisfactory. Commenting upon the repeatedly de- nied rumor that a like merger was coming in- America, Mr. Carlton said: “It is as remote the moon from the -earth. - I-can say for my company that nothing of this sort is even re- PrairiePL 13%. Pressed 8u) Car. Produ & Reflars. Bure Ol (1), Purity Baking 126% 467% ow).... (798 RadioCo pf(3%) Radio-Keith(A). ReadingRy(4).. Real 811k Hos, In, Rem-Rd 13t(7). Reo Mot (11).... Repl l('fi Royal D(a1.32¢) Safeway (3).... Safeway,pt (7).. StJos Léaa13). StL & Ban Fr(8). StLASanP pt(s) StL&Southwest. Savage Arma(3) Schulte (h3%).. Schulte pfes. Seab Alr Lin SeabAirLpf... Beagrave(e1.20). Sears-Roa(33%) Seneca Copper. . Shattuek ¥G(3), Shell Tra(ad6.4). Shell Ut 1.40. SEFTECELY B o 833283383 53us 23538 5 N e e 37338 Park Nt Tt et P Osil F1" Mills 8o Po RBu 2% . Mor & Co_Ltd South Cal Ed (2) o South Dairies B, South Pag($| South By(8). SouRyM&O e Bpang Chalfn Spen Kellog 1. "?3513335’ TSRO 113% | gou 100 i 21 38 225 94 58% 891 8% 68l3 120 294 24 244 13% 14 42 424 1405 1408 76 795 100% 100% 41% 4% 3 4“4 ey 21% 21% 84 T4% | T 67% | T b56% 584 534 105t 107% 163 1683 21% a % 27 + 20% B0k n 308 50% SIUGAE BW). SIAG&B i), 8td Milling 814 Mjllg pf 8td U of Lai(13) R SIOINT L 0. SHORT-TERM SECURITIES. idl.' ;‘ G;-.-).. 13 e (Reported by J. & W. s-um-‘v: & c:).»n td San M(1.08). ? er. 6 Amer. Tel. & Tel Anaconda_Coppe Studebaker(16). Y to. & om._ AC;:‘ submarine Boat. SunOll (1) .ees Sun Oil p£(8).ae. Supertor OIl Superior Steel. .. Sweetof Am(1). Symingion ClA.. Telautogrph(1) in Copper 1! Texds Corpa(8), Tex Cor part pd. Tex Cor full pd. . TexanGult! 78 Texan & Pac(b 0% T&P C&O(b3%4) 21% ir Crude oil bigs 1 3 g OIl'N, Jersey B8 . Mt. & Bo. Ry. 43 estern Ry. Min. 1933 . 4 ) 2% T 190% I i B cher M 1929 99! The Fair(3.40 s m:: The Fair o Weat ; tric_Co. 58 Wheelins Steel Corp. § T486'W O pf¢ Timkes R B (3). Tobag Prod (8).. ng more tobacco thao before. ™ [ long dormant stocks came to the front ISTOCK PRICES GAN INRENEWED BUYING 0Oils in Demand in Small Turn- over—Coppers Continue to Advance. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 13.—In quiet trading. the stock market moved ahead today. The menace of Federal Reserve | action faded in the background. Call money, renewing at 7 per cent, dropped to 6 per cent in the last hour. The market left off not far from its best. Oils, steels and industrial specialties accounted for the bulk of the trading. Coppers did better, but were not buoyant, and the ralls were let alone almosy en-| tirely. The recovery was effected on a small turnover, a little larger than that of the day before, but way below the average for the month. Oils Lead Upturn. ‘The upturn was led by the oils. These directly at the start. Buying orders were heavy and quotations advanced easily. Atlantic Refining was the feature | on the expectation that the preferred stock would be retired and that pres- ent holders of the common would re- ceive valuable rights. | ‘This was in itself testimony, or the Street took it as such. to improvement in the oil trade. The statistics for crude ofl output published today were also en- couraging. They showed a cut of 36,950 barrels in production for the week end- ing March 9, compared with the prev- fous week. Besides Atlantic Refining, Barnsdall, Marland, Texas Corporation, Standard Oil of California and Standard of New York and Pan-American Petroleum which always moves over a wide range, jumped more than 5 points. Copper stocks added to yesterday's gains, notably Kennecott and Anaconda. Miami was again a feature on the up side, responding to reports of an in- crease in the dividend. Bethlehem Steel led that part of the list, running up a couple of points to the accompaniment of predictions that earnings this year would be highly favorable. U, S, Steel followed along. Among the higher priced stocks, Allied Chemical, at 288, was up 5 points, advancing a point and more be- tween sales. Commercial Solvents made a similar gain and in the utility group Peoples Gas set a new record top. More interest was taken in the lower priced utilities. What was evidently organized buying came into Electric Power & Light and lifted that stock to a new year’s high, POREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (or par), ay. $4.8665 " 34.8805 {03903 052312 192312 Athens, g Madrid, Vienn Bud, a e Dpeset ‘1488 achillivg . 1418 pengo : {2686 o, crow: ‘2663 Stockholm, 2676 TREASURY CERTIFICATES.. (Reported by J. & W. Sellgman & Co.) Rate—Maturity. Bid. Offer. 4% June 18, 305 Bept. 15, Sept. 15, Dec. 15, HAE- O s Sept. 15, 3138 Dec. 1932 18, 1932 STATEMENT OF THE CONDITION John Hnnco?sk ‘Mutual Life Insurance Company of Boston, Mass. On the 31st day of December. 1928. as quired under the District of Columbia Code, amended June 30, and August 18, 1911, $8.170.01 .929,127.63 16.614,176.07 it iiiiaaenasiue.. 31142645691 Stocks and ‘bonds. amortized.. 135180.28611 Bills receivable .............. 4,186.35 Premiums deferred, uncollecied of agents Cash in office .. Cash in bank . Real estat Real and (net) ... : 12.004.448.00 Interest due ‘and accrued 11.685.872.25 All other assets . 26 Total assets . LIABILITIES. Net unpaid claims . E Reserve as required by Salaries, rents, expense ete 3 ions. ' broker labilities ... . Unassigned funds (surpiusi. Total Nabilities Character of business transi the year 1928: Life insurance. Amount of risk assumed during the year . ..$650,731,723.00 Losses susta year 1928 26,310,142.94 an 0.401 1.614.46 sident. the 1928 D E. NASON. Vice CHARLES J. DIMON. Secretars Subscribed’ and aworn to before me this 318t day of January, 1929 (Seal.) SAMUEL DAVIS. Notary Publie. ber 33, 1930. A. W. Defenderfer DISTRICT MANAGER. 308-309 Albee Building, ‘Washington, D. C. E. J. Clark STATE AGENT, an 31, 88 P Guaranteed 6% First Mortgage Notes Secured on Income- Producing Properties in the District of Columbia and Nearby Maryland District National Securities Corp. Suite 303-307 Telephone Main 2994 District National Bank Building I WILL SELL n Courts, 1%. 1935. ® B 82 a Investment 1 @ 64, . B Securities Units @ 6%. ANCIAL. We wish to announce the removal of our office from 1510 H Street Northwest to the Southwest Corner of H & 17th Streets Monday, March 18th, 1929 F. B. KEECH'& COMPANY Members New York Curb Market Chi Stock Exch: New York Cotton Exchange New Orleans Cotton Exchange of New York, Ine. Winnipes Grain Exchanse Associate Members Liverposl Cotton Exchange, Ltd. Bremen Cotton Exchange Telephone Number, MAIN 245, Will Be Unchanged among others were strong. Houston Ofl, ||| THOMAS L. HUME 1412 G St Main 1346 First Deed of Trust Loans We place first mortgage loans on District of Co- lumbia, Maryland and Virginia real estate. Also purchue notes leCfll’Cd by Second Deeds of Trust Consult Us in Regard to Your Real Estate Finance Problems Reasonable Rates Prompt Service NATIONAL MORTGAGE AND INVESTMENT CORPORATION 1004 Vermont Ave. Phone M. 5833 APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent suburbs in Mum(ome? and Prince Georges Counties, Md. 5%2% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th St. N.W. Main 8100 LOANS REAL ESTATE We invite applications for loans on improved property in the City of Washington on a straight three- year or monthly payment basis. Low Interest Rates /\MBRH'CKN SE'CUR[TY '~ AND_TRUST COMPANY = 15th and Penna. Ave. N.W, FIVE CONVENIENT OFFICES Equitable Co-operative Building Ass’n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary | Organized 1879 49th YEAR COMPLETED Assels ................$5513,051.63 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 independence by saving systematically in the Equitable. You'll find our plan of tremendo help in accumulating money. Stop in and let us tell you abeut it. 915 F St. NW. Consult Us Regarding Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS oY2% We Make First Mortgages on Homes, Apartments and Business Properties in the District of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue. Decatur 3600 Mortgage Loan Correspondent, New York Life Insurance Company,