Evening Star Newspaper, March 15, 1929, Page 12

First Time in Many Years. BY EDWARD C. STONE. Capital Traction sold under 100 on the Washington Stock Exchange today for the first time in years. Sales were in small lots and the stock was strong- er at the close than at the opening. It opened with two 10-share lots sell- Ing at 99, after closing yesterday at 101. Eight more transactions were recorded, all made at 99%. The day's sales totaled 115 shares. The com- pany’s plan to press its claim for high- er car fares in the near future has drawn attention to the stock which bas manifested a very slow down- ward trend f0f . Kurtz Wimsatt, some time. Bank stocks were quite active on the exchange today. Riggs National opened 8t 575 and closed at 572 on a 30-share turnover. Ten shares of National Sav- ings & Trust sold at 570, same at the last price. Bank of Bethesda again ap- peared on the board, opening at 821 and closing at 82'y. Other stocks were around recent levels. Potomac Electric Power 51 per cent preferred came out at 1087, Sand & Gravel preferred sold at 93's and 93, Merchants Transter & Storage common 48t 132 and 131, while the company's preferred stock moved at 113. Merge) 1, thaler registered 10714. There were set eral transfers in the bond market at recent levels. Another Local Broker Office. That Washington's financial district Is expanding steadily is again shown loday in ghe announcement that the New York'Stock Exchange firm of Har- Tiss & Voss is to open offices in the Southern Building next Monday, in charge of E. Jackson Emrich and Mc- Elroy Moss. A department exclusively for women will be in charge of Miss Rosalie H. Dilli, who has been con- nected with Harriman & Co. for sev- eral years. She will act in advisory capacity to the firm's woman customers. i._The joint managers of the offices are ‘well known in the financial district. Mr. Emrich has been associated with *G. M. P. Murphy & Co. in the Washing- : ton offices for the past two years. He s a member of the Washington Stock ‘Exchange and was formerly treasurer ©f the Merchants’ Bank & Trust Co. ‘Mr. Moss is the son of Judge McKen- le Moss of the United States Court of Claims, and has been connected with {‘the local office of Eastman, Dillon & .«Co. about a year or more. Previous to ; moving to the Capital he was connected 1*with the Chicago offices of E. H. Rollins " The new offices are those 'occupled by ‘the International Bank before its recent Mellon Wins Hearty Praise. All the bond house managers and Abitib! Power... Apitibt Po pf(8). Ab&Straus pf 7 Adams Exp(6).. 563 Adams Millis(2) e Adv Rumley.... Adv Rumley pf.. Ahumada Le: Air Redetn ( 43% 43% 44 8la 8l 81 110% 110% 110% 110% b75 107% 107% N 9w % T 16 9% % ™% Albany Papr(2). 17 17 Alleghany Corp.. 34% 35, 34 Alleghany A 5% 10115 101% 101% 1017 Allled Chem..... 290 294 290 292 Allis-Chalm(7). 180 180 180 180 Amerada(2)..... 324 33 « 33! Am AgriculChm 19 191 Am Agri Ch pf Am Bank N(13 Am Bosch. Am BrSh(h1.60) Am Brown Bov., 224 2 Am Can (14) 123% 121% 122% Am Can pf(7). 141 141 141 AmCar&Fdy(6). 101% 101% 99% 99% Am Chicle (2).., 54 bdln Am Encaus ( 43% 439 % ‘ Am & For Pow Am&RorPo(ri Am&For Pow Am&ForP y Am Hawa SS(1), Am Hide & L pf. Am Home Pr(3). Am Ice (13). Am Internatl Am LaFrance pt. Am Locomot(8). 11574 116% 1 Am Loco pf(7).. 116 116 AmMa& Fy(4). 176 177% 175 Am Metals3)... 90 704 69 Am Metals pf(6) 1207% 120% Am Nat Gaspt 7 87 Am Plano..scco. 11 11 11 AmPianopf.... 41% 41'% 41§ 41% AmP&L (J1).. 110% 1111y 108% 108% AmP&Lpfstab. 81 81 81 Kl AmPo&Ltpf(6)) 101 101 101 101 Am Radiator(5). 183t 186 151 183% Am Rad pf( 181 181 131 Am Republics 53% b6% b Am Saf Raz(ro). 67 67 67 Am Seating(3).. 40'% 41% 39 e 11 Open, Hirh, Low. Close, s 44 THE EVENING STAR. WASHINGTON, D. .7 FRIDAY. MARCH 15, - CAPMALTRACTIN | NEW YORK STOCK EXC - STOCK SELLS OFF ~Shares Go Below 100 for Corn Prod t3%.. Coty, Ine ( Crex Carpet. Cresley Rad (1). 1 Cructble Sti(5).. CubaCar.eSugar. Cuba Cane Su Cuba Company.. Cuban-Am Sug.. 92 4 i Cuban-A Sug pf. | Cuban Dom Sug. 16% | dahy Pkg(4). Curtis Pub (6).. 123 Cutir-Ham(3%) 62 Cuyamel Fruft.. 80 Davison Chem. . De Beers (a37¢). Del & Hud(9). . 1 Del L& W(t7),. 1 Den RG Wn pf. Devo&Rayn(+3). Diamond M (8). Dome Mines(1). Drug Inc(4).... 118% Dunhill Int ($4). 69% Dupont de N(4). 189% Durham Hos pf. 37 Eastman(18) Iastman pf(7 John(5). Eng PubSer($1). quit Blde(2).. 3674 SquitableTr(12) 640 474 . % e e pt 6. 100 Fed Mot T(80e).. 19 Am Ship & Com., 4!s 4's Am Shipbldg(8). 87 &7ia 87 Am Sm&Ref(4). 117% 118% 117% 118 Am Snuft pf(6).. 110 110 110 110 Am Stl Fdys(3). T0% 72ls 70% 72 Am St Fy pf(7). 111% 111% 110%s 110% Am Sugar. + Sl 8l Bl 8lis Am Tel & Tel(9) 216% 216% 214 2154 Am Tobacco(8).. 173 173 172! 172% Am Tobac B(8).. 173 178 171% 172% Am TypeFo(8).. 147 147 AmWW&EI(cl)w 87 864 224 12 AmWritP pf(3). 43 E Am Zine. . 5% 44% Am Zinc pf. 104 102 Anaconda (7)... 159 161% 158 Anchor Cap 2.40. 87's 57% 567 &7 Anchor Cap(rts) % T Anchor pf (6%). 118% 118} Andes Copr (3).. 63 An Arbor pf..... Tl 71 Archer Danls(2), 44% 44% 437% 44 Armour 1Il(A).. 15% 15% 14% 14% Armour IIl(B).. 7% 3 % T Armour 11l pt(7) 80 80 T9% Arnold Con&Co. 31% ‘31% 31 Artloom pf(7).. 98!3 981 98K 98% AssoDryG(2%). 63% 62 62% Ass0 O11(2). 4. 43 484 A1ChiSon(10)... 201 202% 200 200% Atchison pf(5).. 103% 103%s 103% 103% AtlCoast L(110) 181 1s1 181 181 AUGUIT& WI... 44 44 43 43 Atlan Ref(11%). 624 63% 61% 6315 Atlan Refpf(7). 116 116 116 116 AtlasPowder(4). 100 100%-100 100% Auas Tack...... 11% 11% 11% 11% AusCred(4.49).. 63 63 624 624 43 43 44 104 160% 621y 1 lesmen in Washington were loud in ir praises today of the pronounce- ent which Secretary Mellon made yes- y regarding the present advisability buying bonds. While the Treasury retary was careful to state that there many sound stocks available for pur- hase, he sald that it appeared at nt to be easier to select sound Bond men snrted\ out this morning th their pockets filled with cli&nnn Mr. Mellon’s views. They believe Secretary’s opinion will help the d market all over the country, as ‘the interview was dispatched every- where, Easier money will surely mean & substantial advance in bonds, they i . servative bankers, who have for years favored bonds in preference to stocks, { were also referring to the Secretary’s made no difference in their estimate of rtance. Mellon announces today Of the allotments 3!2."!!.500"& .change for maturing certificatgs. Company Pays Dividend. F. H. Smith Co. announces the payment today of the semi-anpual divi- dend of $3.75 per share on its outstand- 1, per cent cumulative preferred and $3.50 per share on its out- ing 7 per cent cumulative pre- lerred stock. The books which closed March 5 will reopen March 16. Takes Place on Bank Board. ‘W. Kurtz Wimsatt has taken his lacg on the board of directors of the ational Metropolitan, to which he was ! elected earlier in the week. As pre- !, viously stated, he takes the chair left 4 vacant by the death of his father, Wil- { lam A, Wimsatt, who was one of the ! bank’s directors between 30 and 40 years, The new director is first vice president of the Johnson & Wimsatt “ Co., one of the city’s leading wholesale tumber firms, Insurance Gains Reported. : _ New life insurance written by United i Btates companies during February was . four-tenths of 1 per cent greater than in ¥ February, 1928, and new insurance dur- { Ing the first two months of this year .was 9 per cent greater than during . the corresponding period of lust year, ! mccording to Association of Life In- & surance Presidents. Figures are re- ! ceived from 44 member companies, i which have 82 per cent of the total ;. volume of life insurance outstanding in # all United States legal reserve com- panies. ! ""For the two-month period the total 3 i mew " business of these companies was | $1.997,526,000 this year, against $1,832,~ ‘| #66,000 last year, | | . Financial District Gleanings. | . Cdlston, Heald & Trail, with an office ! In the Woodward Building, are offer- ing 750,000 shares of Class' A common stock of the Insuranshares Corporation |} of Delaware, priced at 21% per share. I Application is to be made to list the il stock on the Boston Stock Exchange i and:the New York Curb. | Swift & Co. has called $5,000.000 of i} the :$37.000,000 10-year gold notes now ! outstanding. These notes were issued i| October 16, 1922, and due October 15, ! 1932. The notes are called for pay- j ment April 15, 1929, at par and accrued | interest, plus & premium of 1 per cent. | & 0. Plans Expansion. § _ The eastern section of Pike County, Ky.. bordering Virginia, and especially ! the Levisa Fork and Johns Creek ter- are in the limelight with the possibility of railroad extensions 4 by the Chesapeake & Ohio Railway 1 opening up almost virgin fields of hard- { wocd timber and extensively rich, un- | developed coal areas. Engineers are §' making the preliminary surveys. At £1 the same time Chesapeak & Ohio offi- J; cials are getting into readiness to begin i obtaining rights-of-way for the new ; lines. i : 2 2 i [ Ticker Quotations Extension. i NEW YORK, March 15 (#)—The New York Curb Exchange has extended its ticker quotation service to St. Louis and s negotiating for extension of its Auto Sales 24 24 288 23% Auto Sales . % % £l % Bald Loco pf(7). 117 117% 117 117% Bulto & O(6).... 126% 127' 126% 126% Balto&Opf(4). 9% 79% T9% 79% Bambgr pf(63). 108% 108% 108% 108!y Bang & Ar(3%). 691 69's 695 69 Bang & Ar pf(7), 107 108 107 108 Barker Bros(2)., 31% 32 31% 32 Barnet Leather., 17! 23 17w 23 Barnsdall A (2). 45 45% 4dls 454 Bayuk Cgrs (2).. 99 9% 99 99% Bayuk 1st pf(7). 105% 106 105% 106 Beacon Oll...... 23 23% 23 23% Beecn-Nut (3) 95 91 4% Belding-Hemwy, 13% 13% 13% 13% Belg NRpf(16). 821a 82a 82 82 Best&Co(3).... 8% 87w &7 87% Bethlehm Sti(4) 111'3 111% 108 110 Beth Steel pf(7) 120 120 120 120 Blmingdle pf(7) 110 110 110 110 BonAmiA(4).., 83 83 83 83 Booth Fisheries. 7 7 7 7 51 51 51 51 183 186'4 183'% 186% 9T 9Tha 9Tl 9Th 50% 50% 48% 48% 4% 4w 4w 65% 64%s 65 130 130 130 4% 3% 8% A83 1843 180 180 42 4z 42 2 42 54% 91 Borden Milk(6).. Boston & Me(6).. Briggs MIgFCo., British Empire. . Brockwy Mot(4) Brockway pf(7). Bkiyn-Man(4) BklynUnGas(5). BrownShoe(2%) Brunswick B(3). Brunswick Ter.. Bueyrus(1)..... Bucyruscv(2y) Buft&Sus pf(4).. Burns Bros(B).. Bush Term(g2).. 3% 2% 72 Bush Ter de(7).. 109% 109} 109'a 109% Butte Cop & Zino Y B 8% Butte & Sup(2).. Y% 9% 328 328 823 156% 152% 152% 120,112 112 118 115% 115% 9% % 1% 3 3 3k 3w 135 137 133'% 134 Cal& Hecla(4).. 57% 57% 66w 57 Can Dry (14%). 84 84% B3% 84Y% Can Pacific(10). 248 248% 246% 246% Canon Mills 2.80. 43% 43} 43% Caro Clin&O(4). 2 92 68 9 9% 9% 32% » By-Prodets 12%. 118 Calif Pack(4)... 75% Callaban Zine. .. Gardner Motor. . Gen Am TC(34).. Gen Asphalt. . Fidelity-FPhoenx. Filine's (634). ... First N P 1st(8). 107 First N (1%) Fisk Rubber IFisk Rubber rt F1sk Rub 1st pf.. Flelschman 13%; Florsheim (A).. Follansbee 123 . Foundation Co.. Fox Film A(4).. Freeport T (4).. Gabriel Snub A., 46% 16% 914 682 1 Gen Cigars(4) 3 Gen Electrie 6., 240 GenElee sp(60c) Gen G& Gen Gas pf A(7) 1% 8815 11215 1A1%. Gen G & E1 A(8) 127 Gen Ice Crm(3). Gen Mills (3)... Gen Mills (rts).. Gen Motors (3).. 95 80 1% 90 Gen Mot pf(7).. 125 GenOutdrAd(2)., 37'% Gen Ry Sig(5) Gen Refrac(s).. 1064 8% Gen Refrac(rts) 3 Gillette S R (5). 116% Gimbel Bros . b7 Gold Dust (new) 71% Goodrich(4). ... 963 Goodyear Tire... 111 Goodyr 1st pf(7) 104 Gotham H (2%). Gothm nv(2%).. Gould Coupler A, Graham-Paige. . Grhm-Paige cfs, Granby (6). Grand F&W Grand Unon.... Grand Un pf(3).. Grant W T (1).. 125 Grt North pf(5). 108 Gt Nor pf cfs(5). 106% GrNorOrefs31;. Grt Wn Sug 2.80. Greene Cana(8). 181% 34% 374 Guantapamo Su. 4 Guantanamo p! Gulf Mo & Nor. 3% 5l Gulf Stat Sti(4 Ky Gulf States(rts)’ Hahn D S pf 615, 106% Hanna M A (7).. Hollnd Fu(e213) Celotex Co (3)... Celotex (rights). % Cen Aguirre(2). 38% Cent Alloy(2). 48% Century Rpf(7). 75 5 k3 Cerro de Pas(5). 1124 113% 111% 1 Certain-teed Pro’ 2214 224 22% 224 Ches & Ohio(10) 220% 220'a 219t 219% C&OCorpn(3).. Baw Bdl B% 16 164 21% 200 5T 3b% 5T 7% Cnl Gt West pt.., Chi Mil & St P Chi & Nwn (4).. Chicago Pn Tool, Chi P T pf(33%) CRIRI&P (7).. 130 130% 130 130 CRI&PPI(6). 100% 100% 100% 100% CRI&PDI(T). 106%s 106%s 10674 1067 Chi YelCab(3).. 34 385 Chickasha(3)... 44a 45 Childs(2.40) 56 Chile Cop (3% 114 116% 114 Chrysler Mot(3) 112% 1131 110% 110% City Ice (3.60).. 68 53 58 City Ice pf(6%). 104 104 10 Clity Stores new., 23'% 25 Cluett-Peab(6).. 64% 65 Coea-cola (4).... 130% 131 Coca-Cola (A) 4913 Colilas & Alkmn. 717 Col Fuel & Iron, 75% Col & Southn(3). 116 117 116 117 Col Sou 1st(4)... 76 76 ~ 5% 6% Col Gas & E1(5). 143% 146 143% 146 Col Gas&El new, 59 59% 58% 59% Col G&E pfA(6). 105% 105% 104% 104% Columbia Graph 77'a 78% 76 % Col Curbon 1474, 145% 146's 1434 14314 Com Credit (2).. b2% 53 52y Com Cristpf 6% 100% 100% 100 100% ComCrpf(1%). 26 25 2 Com Inv Tr(34). 179% 150 Com In Tr pf(7). 105% 1 Com Solv (h8).. 275 2 Com Power(13). 135'% Conde Nast(2).. 79 Congoleum-Nalr 27% 811 Cong Cgrs (5).. Censol Cgrs (7). 803 ConCigprpf(6%) - 93 Con Film pf(2).. 2i% Censol Gas (3).. 108 ConsolGaspf(5). 99% ConRRCuba pf 6 65% Consol Textlle.. &% Container A 1.20 19% Container B 6bc. 9% Cont Baking A.. Cont Baking B.., Cont Bak pf(8)., 130 131 49% 49% 493 2% 69% T0% T T4 T4 276% 140 4 26 1084 1067 106% 995, 99% 65 i 19% 101 67 111 1% 9515 9! i :fiwm to San P{nx_}g&co ind other Pa- + cific Coast points. service ngw goes omshout Aecttieh, e R e Cont Can (2%).. 70% 71 Contl Insur (2)., 864 87% uContlMot(806) s .24 .24% .23% +28% Judlum Stl stiqy 4% 27 49'% Hacknsk W(1%) Hahn Dept Stor., 92y Hartmn B(1.20), 30% Helme Geo(17). 106 1 Hersney Corp... 72% Hershey pf(4).. 87% Hershey pr pf(6) 105 Hoe& CoA..... 21 45% Hollander & Son. Homestake(17) Household(14).. Houston Oil...., Howe Sound(4).. Hud Man(2%).. Hud Man pf(5)., Audson Mot(5). Hupp Mot (£2)..; Ind O & Gas (2)., Indian Mot (1)., 243 Indian Refining. 34% Indian Ref (rts), 3 Indian Refg cifs. 837 Ingersoll-R(16). 125 Inland Stl (335). 94% Inspiration C(4) 624 InterboroRapTr. 48ix InterconRubber. 121 Internat Agri... 11 Intl Bus Ma (5). 1617 Int Cement(4).. Int Com Eng(2). 913 Int Harv (2%4).. 109 Int Mtch pt 5.20. 53 Int Mer Marin 65 Int Mer Mar pf.. 44l Int Nick,Can 80¢ 62 Int Nickel pt(7). 128 It Paper(z.40). Int Pa&PoA2.40, Int Papr & Po B, Int Papr & Po C. Int Pa&Po p1(7) Int Prig Ink 2% . Int Prig Ink pt 6 104% Int Ry CA pf(5). 7% Intl Salt(5)....s Int Tel & Tel(6). 219% Inter Dept S(2)., 79% Island Creek(4). 63% Jewel Tea (16).. 147% Johns-Manvi(3).. 195% Johns-Man pf(7) 121% Jordan Motor... 12 K C Po&LtB(6). 1081 Kan City Sou(5) Kan CSopf(4).. Kayser J(5).rs Keith-Albey Kelly-Spring.... Kelly Tire 6% pf. Kels Hayes(2).. Kelvinator Corp, Kennecott (4) Kinney (G R)... Kinney pf(8) Kolster Radio. .. Kraft-Pho(1%)., Kraftpf (6%).. Kresge (1.60). Kresge Dept S Kreuger & Toll.. Kreuger&Co ris, » Kroger Grotel). 1044 LagoOMl........ 30 Lambert Co (8). 147% Lee Tire & Rub. 21l Leh Por Cmt 2% 58 Lehigh PC pf(7) 109% Lehigh Val Coal ~ 22% LehighVaiCpf6 39% LehighVal(34). Lehn & Fink(3). Lig Myers(15).. Lig & Myra B 15 Lima Locomtve. Link Belt (2.40). Liquid Car 4% . Loew's (13)..... T4 3214 Loose-Wil 2 Lorfilard Co Louisiana Oll... Louis GasA 1.75, 14% 42% 128 #6% 7 36 108'% 92 4 14 201 70 85% 68 36 105 o' 9% 64% iy 1181 118 27 16% 9l 68% 109 574 1 70% 11% 881y 1 T8n 3% 42'4 44 57% 67 67 8 50% 5! 4 T8% 51% M i 27 504 94 30% 06 1 4% 874 21% 46 19 3% 2 93% 9% 49% 1% 931e To% 90% 7 45 6215 kd 31 24 15% 91 58 5 87 81% 63% 13 564% 12% 69% 243% 240 1% 885 1214 1081 105 8 3 116 116 42 43% 56 s 1 1044 104 66 67 % 49% 183% 177 4 73% 5l n 1'% 27 48% 107% 106 925 29% 05% 2% 86 105% 105 21 45% 19 3% T 90 K 48 5 90% KE 109% 108 88 6 43% 60l 128 75 1041 104% 86 220% 215% 8% 63 147% 147% 199% 193 121% 121 12% 108% 1085 87 105% 104 3% 10 148% 2215 H81y 109% 3 w1 401y 1 104 30 u7 21 58 109% 224 3914 9414 61 90'y 90ty 494 56 838 71 1023 8 67% 2474 14 42% Oven, High. Low. Close.§ Bitu Nk 4 14 2014 12% 63t 6 8% 156 124% i i b v | 91 14k il 8 1929." Me Call Corp(4). MeCrory A(2). McCrory B(2). McGraw Hill(2), Mecintyre P(1).. McKeespt Tin Pl McKes&Ro 1.60. McKsn pf A 3% Mack Truck(§) Macy Co (€2) Mad Sq Gar 1 Magma Cop (4)., Mallison & Co. .. Man Elec Suply.. Man El m2g(db) Man Shirt(2).... Maracaibo Ofl. Marland Oil Malr-Rock Marmon Mot (4) . Mathieson(6) May Dept S(4). Maytag (12). Maytag pf (3). Mengei Co..... Mexican Seab Miami Cop (2). Mid-Cont P(2). Middle States Mid States ctf: Midland pf(t12 Miller Rubber. .. MStP&SSM 11 (4) Mo Kan & Tex. . Mo K&Tex pt(7) Missourt Pacific. MoPacific pf(5).. Mohwk Car 2% Mont Ward 2% Moon Motor. . Mother L (40¢) Motion Pie Corp. Motor Meter A.. Motor Prod(2).. Motor Whi (2).. Mullins Mfg. ... Munsingwr(3).. Murray Corp.... Nash Motors(6). Nat Ac at Bella 1 Biscuit(17) at Cash Reg 14 Nat Distiliers Nat Distillers pf Nat Enamlg (1). Nat Lead(5).... Nat Pow&Lt(1). at Radiator. .. at Radlator pf. Nat Supply (18).. Nat Surety (6).. Nat Tea (1%) Nevada Cop (3).. N Y Alr8r(3)... N Y Central(8).. N Y C&StL(6). N Y & Harim(5) YNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn. N Y Railways pf N Y Stm pf(6).. NY Stm 1stpf 7. NorAm bl0%stk North Am pf(3). No Germn Lloyd North Pac(5)... Nor Pacefs(5).. Northwn Tel(3). Norwalk Tire... Norwalk Tire pf. Nunnally Co.. 01l Well Supply. Oil Well Spf.... Omnibus. .. OppenhmCol (4) . Owens Bot (c4).. Pacifc Gas(2)y. ., Pacific Gas(rts) . Pac Lightg (3).. Pac Oli Stubs. ... Pac Tel & Tel(7) Packard (13%).. Pan-Am Petrolm Pan-Amer Pet B. Panhandle...... Paramount-F-L, Park & Til(13).. Park Utah(80c). Pathe EX......e Pathe Ex(A) Patino M (3.89).. Peerless Motor. . Penick & Ford. .\ Penn Dixle Cmt.. Pa Dix Ct pf(7).. Penn RR(3%). Pere Marq pt(5). Pere M prior(5). Pet Milk (1%).. Phila Co pf(3) Phila&RC&I.. Phil-Jones pf(7) Phil Morris(1).. 13 82% 59% 4814 191% 135% 310 901 115% 2874 : 4 99% 111% 104 2% 58 107% 106 49% ik 86% 6% Phillips P (1%).- Phoenix Hoslery Plerce-Arrow Pierce Oil. Plerce O1l p! . Plerce Petrolm. , Pilsbury (1.60).4 Pltts Coal...... Pitts & WVa(6). Por RicoToA (7). PortoRicoTobB.. Postal T&C pt 7. Postum (33 Prairie Ofl . Prairie P L 13%. Pressed Stl Car. Pr Stl Car pf(7). Produ & Refinrs. Producers&R pf. Public Serv 2.60. Pub Serv NJ rts. Pub Serv pf(6).. Pub S NJ pf(8). Pullman Co(4).. Punta Aleg Sug.. Pure Ofl.evveee Pure Ol pt(8) Purity Baking Radio-Keith( RS Cefs(4).. ReadingRy (4) Reading 1st(2).. Reading 24(2)..; Real Silk Ho: Reis(R)& Co. ... Remingtn-Rand, Rem-Rd 18t(7).. Reo Mot (t1). Rep 1& S(4) Reynolds Spngs. Reynlds (A)2.40. Reynlds (B)2.40, RhineWE(1.92). Richfield Oil RioGrande Oil 2., Rossia Lns 164 . Royal Bak P(1). TRoyal Bakg P pf Royal D(a1.336) Safeway (3).... Safeway pf (6).. Safeway pf (7).. St Jos Leaai13). StL & San Fr( StL&Sank pf(6) Schulte pf(8). Seagrave(el.20). Sears-Roe(12%) Seneca Copper. . Shattuck FG(2). Shell Un(1.40).. Shubert The(5). Stmmons Co(3). SimmsPet(1.60) Sinclair Ol $2%. Skelly O11(2).... Stoss-Shef(6)... Snider Packg Co Snider Pkg pf. .. So Po R Su 234, outh Cal kd (2) uth Dairies A. South Dairles B. South Pac(6). South Ry(8) South Ry pf( SouRyM&O cfs ¢ Spang Chalfnt. Spear & Co. . Spen Kellog 1.60 Spicer Mfg..... SpicerMfg pf(3) Spiegel Co (3).. Stand Com T(1). SG&E (3%). Std G & Epti4). Std Milling (8) . Std O of Cal(13) StdOIINJ (113%). StdO!INY (1.60). Std Platg Gla; Y -A%% T9%. 78 . 98, 5id §an M(1L80). 1324 28% 73 10% 39 6414 521 106 HANGE Open. Hirh. 5 201% 10814 Sy 611y 924 23% | Studebaker (15). | Wilson Co pf A", | Special Dispatch to The Star. Dis Berliner Handels Received by Private Wire Direct to The Star Office Open. High. Low. Clo Stewart-War(8) 136% 138z 136'; 13 Stromberg (3).. 66% 67 - 64'a 64 88ia Submiarine Boat. 4 Sun Ol (g1). 1 Superior Oil. Superior Steel. .\ Sweet of Am(1). Symington Cl A.. Tenn Copper(1)¢ 1874 Texas Corpn(3). 63'% TexasGulfSul(4) 74 Texas & Pac(5). 172 T&P C&O(b2%). 21 Tex Ld Tr(new) Thatcher Mfg. Thatchr pf 3.6 The Fair(2.40).. Thomp J R(3.60) Tidewater AsOll TIdWASOIIpf(8) TidewatrO(80e) Tide W O11 pf(5) Timken R B (3). Tob Prod (1.40). Tob Prod A (n) Transcont O11 Transue & W ( ™ Q0% 3 19% 21 41t 50ty Undwd-El F (4). 1 113 Un Bag & Paper. Union Carb(6).. Un O11 Cal2)... Union Pac(10).. 2 Un Pacific pf(4). 8374 Unfon Tank(5)., 142 Utd Biscult 1.60. 48 Utd Cigar St(1), Utd Elec Coal. .. Utd Fruit (e4).. US Cast Ir P(2). US CIP 2d 1.20., U S Distributing U S Distrib pf(7) U S Hoffman ( U S Alcohol ( US Leather.... U S Leathr A(4) 1S Realty(4).. U S Realty rts.. U 8 Rubber. U S Rub 1st 141 45% 194 15 T3y U S Tob pf(7)... 141 Uni Ple 1st pf(8) 884 Univ Pipe & Rad 154 UtahCopper (16). 850 Ut PEL A(e2). 45% Vadasco Sales... 10% Vanadium (14).. Viek Chem(4)... 88 Victor T M fs 4. 182 Victor pr pf(7).. 1131 Va-Caro Chem., Satg ! 93 105 75 707, 244 417 4615 137 Va-Car Ch pf(7) Vule Det pf(7).. 1 Vulcan Detin(A) Wabash, Waldor(13%4). .. Walworth(1.20). Ward Baking (A] 46 Ward Baking B, 133 Warner Bros Ple 12115 Warn Bros Prts 31, Warner pf(2.20) Warner-Qu(z).. 88% Warrn Bros (15) 145% Warren F&Pive. 2215 Webstr-Eislohr.. 967 Webster-Eis rts. 16l Wesson Ofl (2).. 46 Wesson O pf (4). 7214 W Penn El pf (6) 97 W Penn El pf(7) 108% West Dairy B... 28 West Maryland. West Md 2d pf., West Bacifie.... 373 West Pacific pf,, 60: WU Teleg (8).. 21414 Westhse A B(2), 535 Westinghse(4).. 15674 Westhse 1st(4).. 150 Weston Electric, 27 White Eagle(2). 3674 White Mot(1).., B2, White Rock (3). 463 White Sew Mach 341, White SM pf(4). 534 Wileox 011 & G., Wilcox (A) 234, Wilcox Rich B. Willys Ov c1.20. 2 42% 4814 487 21415 B B2 i 15815 150 27% Tl 45% Woolworth (). 275 6l Yellow Truck... 44% 461 Young Sprin; 59 60 , Youngstn Sh(6). 116% 122 ' 1164 Hourly Sales on N. Y. Market. 10:30 am..1.212.100 12 m... 2666800 1:30 p.m. 3,884,900 2:15 p.m 4,649,200 Dividend rates as given In fre the annual cash bayments bascd o i latest quarterly or half-yearly declarations. Y eI 4 Elun 4% o atock ") an s, el n stock. ¢ Plus 5% in stock. g b 581y s 1 20 s stock. m Payable /. Unitea Clear Stores: cox Quarterly in 134% in stock. R common stock. Wall Street Briefs ‘The American Tobacco Co. yesterday reported a record year for 1928, net earnings having totaled $25,066,299, an increase of $1,756,610 over 1927, largely as a result of the great increase in the sale of its principal brand of cigarettes, coincident with the most extensive news- paper advertising campaign ever under- taken in behalf of an American product. Net income of the ' Chicago, Rock Island & Pacific Railway Co.g?or 1928 was $13,167,696, after taxes and charges, according to the final report just issued. This was the same as the amount re- ported in the preliminary statement and was equivalent, after the 7 per cent and the 6 per cent preferred dividends, to $12.91 a share on the common stock, against $12.10 a share in 1927, The bal- ance sheet at the close of 1928 showed total assets of $493,245815, against $504,050,383 &% the close of 1927. Profit and loss surplus of $35,753,835 | compared with $31,821,561. Current assels were $23,772,097 and current lia- bilities $14,396,380. The Alliance Investment Corporation reports total income for the first two months of 1929 amounting to $166,329, which compares with $106,755 for an average two months of 1928, an increase | of $59,573, or 51.8 per cent. Net in- | come, after expenses, including interest | and Federal taxes (estimated), was $131,431, against $81,202, a gain of $50,229, or 61.8 per cent. After pre- ferred dividend requirements there was 8 balance available for common of $121,431, equivalent to 70 cents a share { based on 174,000 shares to be presently | 4 outstanding. This compares with $71.- | 202 for an average two months of 1928, equal to 41 cents a share on the same number of shares. GERMAN BONDS AND STOCKS. NEW YORK, March 15.— Bid. T Govt Red Loan with draw 100 R M........ 5500 i ed Loan without draw ctfs per 1.000 R M.. (Quoted 1n doliars per Asked. | 60.00 | 40.00 s, 3158 & T Hamburg ‘American Line 4'as. North German Lloyd 4'as..... Krupp 5s 1921. Dusseldor! ds bre-war F@inkfort a-M 4s pre- unich 48 bre-war.. .. i uoted in doilars per AEQG (Ger Ge Blec e A E G (Ger Ge Elec) pfd ‘B’ Pommers und Private Bank o i onto Gelischiafi. Deits Darmstaedter | centrated in a few stocks, Radio, Gen- McCord M 0 | Nashua Mfg pf. 00 [ New Eng Pr Asso. do pf 0 | Uni BULLISH OUTBURST CARRE STOCKS P Tremendous Buying Orders Flood Market at Opening. Gains Widespread. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, March 15.—Supplied with seemingly unlimited resources and boundless assurance, speculators for the rise carried the prices of their favorites higher and higher in a tumultuous ses- sion on the Stock Exchange today. The buying did not take in all classes of stocks. Only a few of the rails were included and a good many in- dustrials prominent in the earlier trad- ing sold off toward the end, but the | leaders were not allowed to give way. The turnover approximated 5,500,000 shares. A large part of this was con- eral Motors, Bethlehem Steel, copper and’ certain oil stocks. demonstration in Radio was eas feature. The old stock at 534 was up | 3 points on the day and more than 80 points above where it closed on Mon- | day last. The new stock, near 108, was up 7' points, and almost 18 points above “where it left off on the first day of the weck. Money held at 7 per cent all day. The opening was wild. During the first half hour 121,100 shares changed hands, or at the rate of more than 12,000,000 shares for a full five-hour day. The ticker fell 19 minutes behind, ‘aud the pace was so rapid that even hardened traders expressed doubt as to how long it could last. Industrials Lead Rise. Large gains were made by the lead- ing industrials. The rails had frw, friends. The number of shares and 'h("l extent of the advance on the initial | transactions in a few selected stocks were: Volume (shares) 13,500 Opening Company. price. Advance. 2123 2% 3% 1% 4 3% 1 ‘The features in the first hour were Radio, Bethlehem Steel and General Motors. Radio, old and new, both went to new highs, the former selling at 512 | and the latter above 103. The question was asked, not skeptically but inter- estedly, what the pool was going to do | with Radio now that it had reached its objective? Optimistic estimates of Bethlehem Steel earnings coming from well in- formed quarters were responsible for the jump in that stock. Not only was the opening price a new high for the year, but the best since war time. Gen- eral Motors was one of the largest gainers at the start, which was some- thing of a surprise for a stock that has been relatively stable in recent sessions. Along in the second hour Kennecott assumed the leadership, selling above 101 for the first time, equivalent to more than 200 for the old stock. Other copper shares were higher, including Anaconda, Andes, Cerro de Pasco, Chile and Greene Cananea. The rise in the coppers had the justification of another increase in the price of the metal. The export quotation today was 203 cents a pound, up half a cent, and predictions were made of a further advance Satur- day or next week. See Favorable Developments. The Street read into all overnight de- velopments a favorable interpretation. Secretary Mellon’s statement advising the purchase of bonds was declared to- day to mean that the Secretary was of the opinion money rates would not re- main at their present high level. That being the case, the argument ran, there was no obstacle to a fresh advance in stocks. The brokers’ loans showing was held to be proof that the Federal Re- serve was not in control of the situ- ation. This was the deduction from the increase in the supply of funds from corporate and individual investors. Call money renewed at 7 per cent, the rate that had prevailed yesterday. The market was firm at this rate. EARNINGS REPORTED. NEW YORK, March 15 (#).—In the quota of 1928 earnings statements ap- pearing today oil companies showed marked improvement. Vanadium Cor- poration of America reported slightly reduced net income, in contrast to the sharp upturn in the steel industry gen- erally last year. Vacuum Oil Co. showed 1928 net of $37,659,458, against $25,559,899 in 1927. Standard Oil Co. of Kansas cleared net of $292,228, equal to 91 cents per common share, in contrast to a net loss of $827,757 in the previous year. Producers & Refiners Corporation of Independence, Kans., ‘and subsidiaries earned $934,484, against a deflcit of $2,920,281 in 1927, Vanadium Corporation of America re- ported net profit of $1,706,204, or $4.53 per common share, against the 1927 in- come of $1,849,240, or $4.91 per share. Diamond Match Co. of Chicago also showed a moderate decline, with net of $1,587,642, or $9.56 per share, against $1,604,353, or $9.66 per share. Real Silk Hosiery Mills, Inc.. reported net for the 15 months ending December 31 of $1313,136; for the 12 months ended September 30, 1928, net profit was $539,552. The Assoclated Gas & Electric Sys- tem's preliminary report showed 1928 balance for dividends and surplus of $6,495,502, as increased from $6,258,653 for 1927, ; POTATO MARKET WEAK. CHICAGO, March 15 (United States Department of Agriculture).—Potatoes —Receipts, 104 cars: on track, 238; total United States shipments, 931 -ears: trading slow, market steady on Idaho, weak on Northern stock; Wisconsin sacked round whites, 75a85; fancy shade higher; Minnesota and North Da- kota sacked round whites, 80a85; sacked Red River Ohios, 1.00a1.10; Idaho ;r:;:eg russets, 1.60a1.75; fancy shalie er, DIVIDENDS. Corp. Alr Reduction Cy Artloom Carp. or Fin Corp PSc 1% pt. Flour M Am Ind 58" cum pf A, ... $2 Harris T & S'BK." Houdaille Her A.62} i B 7 nd Dev’ Corp 'pf. Int Puper 7% pr do 6% Bf......., wme'p & Lo Law Man ] 1 £ Bitioh & WV, Straus. 8 W & Go, o Sud Holaims ol J Tex-La P ¢ ot de Bank Pie 1st >3 g Vadeo Corp £3 B Heyden Chem North German Liovd, Austrian A F. G Rudeloh Karstad! Q Al ¥ 3 kus Corp. %G Apr 1 Mar 31 o LDIF D278 (e Sartent, diyidend ot $113 had been Wunl..vwm xbba 22> FINANCIAL™ e 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 o ork Siock Exchanse New York Curb Market Rew Fork Cotes &' 5 tton Fxchi T e, Ine. — New Orleans Cotton nge Rubber Exchange of New York, Ine. Winnipes Grain Exchanse Associate Members Liverpool Cotton Exehanee. Ltd. Bremen Cotton Exchange Telephone Number, MAIN 245, Will Be Unchanoed First Deed of Trust Loans We place first mortgage loans on District of Coe lumbia, Maryland and Virginia real estate. Also Purchaee notes secured 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 jacent suburbs in Montgomer: and Prince Georges Counties, Md. - 8%% 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 applica property in the City of W. year or monthly payment b ns for loans on improved hington on a straight three- Low Interest Rates MERICAN SECURI AND TRUST CC ANY 15th and Penna. Ave. N.W, FIVE CONVENIENT OFFICES You Can Increase Your 1929 Income ‘Why not arrange now to put your 1929 dol- lars to work where they will substantially increase your income? You can do this by following the example of more than 375,000 other men and women who have put their money to work in the securities of the $800,000,000 Cities Service organization. Thesc people are getting, in addition to a strong combination of safety and marketability, excellent yields of from 5% to over 7%. ‘Whatever your particnlar requirements may be—Bonds, Preferred stock, Common stock —jyou'can meet them with sound, seasoned securities of Cities Service Company. . g \Experienced Advertisers Prefer The Star 3