Evening Star Newspaper, March 16, 1929, Page 24

* 24 FIN THE EVENING STAR. WASHINGTON. D. €. SATURDAY. MARCH 16, 192%° EXPERT ON WILLS, BANKERS' SPEAKER Theodore Cogswell Secured for Trust Section—Gain in Business Shown. BY EDWARD C. STONE. the Supreme Court of the District Columbia, will address the fiduc section of the District of Cclumbia Bankers' Associa- tion at i's March meeting 10 be held at the University Club on March 29, 3 pm. Mr. Cogs- . | well will talk on L * | “The General Ad- ministyation of tates” and par- ticularly deal with matters trat are of interest to the banking institu- tions ennaged in the fiauciaries practice. At this meeting the following chairmen of the T. Hunton Leith. various committees of the section will| Am Locomot(8) deliver reports: Committee on Taxation, Kenneth F. Brool nt trust offi- N | Am Piano cer, Riggs National Bank; committee | Fiano pf.. standardization, William H. Baden.|Am P frust gton Loan & Trust (Am P& L (11) trust officer, Washi Co. Jation, Judge A. A. Hoehling, vice presi- al Metro- | Am Ry Ex(6). dent and trust officer, National Metro- | 1% v %06 Stanley Holland, assistant trust officer, | A™ Saf Raz.ro) politan Bank: life insurance trust. T. American_Security & Trust Co. After the meeting a buffet supper | will be served. Maich Trade Shows Advances. As indicated by check payments, com- mercial transactions during the week | ended March 9 were greater than in| the preceding week and in the corre- £ponding week of last year, according to the Department of Commerce. Steel plants showed larger opera- tions than in either of the two we under comparison. Bituminous coal output was weil ahead of last year. lumber production was the same as a vear ago, petroleum output was far ahead of the same week in 1928, and | car loadings showed a gain over the | corresponding week of the previous year. ‘Wholesale prices showed a fractional decline over the provious week, but the index was higher than a year ago. Cop- per and cotton averaged higher than either last week or the corresponding week a year ago. Institute Members Enthusiastic. Members of Washington Chapter, | American Institute of Banking, havi adopted the recommendation of . the board of governors placing T. Hunton | Leith in the field for a place on the executive council of the national asso- ciation. The action was taken at the meeting Thursday evening. The institute members are already planning to push the campaign to a finish. Mr. Leith was a candidate last year and made a strong run. It is not expected that there will be another candidate in this immediate territory this year. The convention will be in Tulsa, Okla. Mr. Leith is a past presi- dent of Washington Chapter, has at- tended many annual conventions and is assistant cashier of the Security Sav- ings & Commercial Bank. Gov. Young te Speak. Gov. Roy A. Young of the Federal Reserve Board will give an address be- fore the Commercial Club of Cincinnati | tonight. Friends report further improvement in the condition of Charles J. Bell, chairman of the board of the American Security & Trust Co., who was operated upon in a local hospital this week. Peter A. Drury, president of the ifer- chants’ Bank & Trust Co., will return next week from a six weeks' visit in Miami. F. B. Keech & Co. has sent notices to customers stating that John Caswell, jr. has become associated with the brokerage house as manager of the Washington branch of the commodities department. Willard Optimistic on Business. Daniel Willard, president of the Balti- more & Ohio, returning from a trip which took him as far West as Hono- lulu, says that at all points he visited in the United States he found what might be called 2 conservative optimism among business men; certainly he found nowhere any evidence of pessimism. In Chicago, added Mr. Willard, all business men with whom he talked were ‘hopeful concerning business for at least six months of this year. Few cared to venture an opinion beyond that period. ‘The only serious doubt that he heard expressed by anybody was concerning possibilities of the stock market situ- ation. Mr. Willard said he found Baltimore & Ohio business a little better than during the same period last year., al- though not as good as might be desired. Building and Other Notes. ‘Total value of building permits issued in 154 cities in February was $210,- 202435, an increase of 8.2 per cent over January, but a decrease of 19.3 per cent from February, 1928, accord- | ing to Bradstreet's. With the continuing high rate of in- dustrial activity seen in January and February, sales prospects in manufac- turing centers for at least the next six months remain very strong. the Brook- mire Economic Service states in fits latest report on business conditions. ‘The First Wisconsin National Bank of Milwaukee has introduced a so-called automsztic transfer plant, whereby, on arrangement with the depositor, a ftipulated amount is transferred each month from a checking account to a savings account. This saves the deposi- tor a trip to the savings window, and in- sures a regularity in depositing. The Chesapeake & Ohio Railwav in a supplementary application to Inter- state Commerce Commission asks au- thority to use $8.073.023 of proceeds of its recent $24.000,000 bond issue to pay a like amount of its Government promiscory notes instead of using the funds for additions and betterment. Short-Term Securities Offered. F. B. Wilcox & Co.. 580 Fifth avenue, 13 taking subseriptions for a public of- fering of 7.500 units of shares of the National Short-Term Securities Cor- poration, a Delaware concern organized to control and finance expansion for the short-term costruction loan bus! ness that has been carried on for the past five years by the New York firm of the same name and by the Fireba Trading Corporation. Public account- ants report that gross earnings of the business have increaed from $27.231 in 1924 to $156,928 in 1928 and that net earnings have averaged over 12 per cent. The directors have subscribed for a Jarge part of the shares authorized. The public offering is priced at $105 per unit. Each unit consists of 7 shares 7 per cent cumulative preferred stock, par value $10, and 7 shares class A common stock, no par value, with pur- chase warrant rights good until March 15, 1930, and March 15. 1931, each for 7 additional shares of class A common stock, at $10 and $15 per share, re- spectively. Territorial Trade Grows. Our territorial possessions are grow- ing rapidly in commercial importance Annual exports to Alaska, Hawali. Porto 0 and the Philippines have increased 150 per cent, or §162,000,000, since 1913, and imports over this period increased gbout 200 per cent, or $248,000,000, the Chamber of Commerce of the United Ctates reporta. A ‘Theodore Cogswell, register of wills of | 41 | Am Brown Bow Am Brown Bo pf | Am Can (t4) 3 121% e 1 | AmCar&Fdy(6). 100% 101t 1001 {Am Chicle (2).. 54 | Am Drug (60c). 9% |Am Encaus (2). 4315 431 43 i liapress6). 314 314 314 “or Pow. 110% 110% 109 Committee on trust Jaw and legis- | | Cuba Company... Hide & L pf. Home Pr(3) Am Jce (13). Am Internati ¢ a1y 6% Am Metals(3).. 64 Am Metals pf(6) 120 12 4% 121 12 4% 4% 1104 110 1081, 1831y 18516 1831 Am Radiator(s) Am Rad pf(7). Am Seating(2) Am Sm&Ref(4). 115 Am S & Rpf(7). 13 Am Stl Fdys(3). 721, AmSuzar...... 8% Am Tel & Ca(5). 24 Am Tel & Tel(9) 21 Bl 24 8l'a 24 Am Tobac B(8). 174'% 174's 174 Am Tob pf(6). 120 120 120 AmWWE&EI(el). 87 89 BT Am Woolen..... 224 22 Am Woolen pf.. 47 47 477 Am Writ Pa ctfs 13 1 13 AmWTitP pf(2). 43 43 Am Zine 45 44 Am Zinc pf. . 104 104 104 Anaconda (7)... 161 164 160y Anchor Cap 2.40. B56% 577 56% Anchor Cap(rts) ™ ™ Andes Copr (3) 66 3 Archer Danls(2 430 44y 4as. Armour Del pf 7 gos, 891y Armour 111(A) 147 4% Armour 1II(B). T Armour 111 pf(7) TRl AssoDryG(2%). 63ty s 628 Archison(10)... 200% 200!y 200 Atchison vf(5) 103% 103% 1035 AUGuIf & WI.. . 48% 43% g2, Atlan Ref(t1%) 63 64% 63, Atlan Ref pf(7). 116% llfi"'; llfi‘: AtlasPowderc4) 103 103 103 Atlas Pow pf(6). 103 104 103 Atlas Ta % 1% 11 6% LEY 6 62 62 62 .. 3% 13 2 Auto Sales (rts), ) ’: ‘: Autostrap A(3). 46 46 46 Baldwin Loc(7). 230 230 230 Bald Loco pf(7). 117% 117% 117} Bullo& O(6)... 127 127 1261 Bang & Arpf(7) 108 108 108 garker Bros(2). 32 & arnsdall A (2). 46 46 454 Bayuk Cgrs (2). 100% 100% 1007 Bayuk 1st pf(7) 106 106 106 Beacon Oil. 28% 24 23% Beecn-Nut (3).. 94y 94y 44, Belding-Hemwy 1318 190 1o Bethlehm St1(4) 1083 1093 1074 Beth Steel pf(7) 120 120 12 Blumnthl pf(7). 98 100 ld‘; Borden Milk(6). 1865 186! 186 Briggs MfeFCo. 49% 493, 481 British Empire. 4l 41, 41, Bklyn-Man(4).. 7315 731, 7315 BklynUnGas(5). 1793, 1793, 1794 BrownShoe(23) 41% 41% 417 Brunswick B(3) 5315 :é*: e Brunswick Ter.. 331, 34 331 Bueyrus(1).... 37w 37% 271, Bucyrusev(zi) 45% 457 451 Burnsprpf(i).. 118 118 118 Bush lerm(gz). 71 7315 68 ButteCop&Zine 94 91, s Byer & Co...... 1527 1527 1524 By-Prodcts t2% 117 1175 117 cane cK(4) K 9% Calu & Ariz (8). 136% 140% 1361 Cal& Hecla(4).. 57 583% 67 Can Dry (1438). 85 Can Facific(10). 246 Canon Mills 2.80 43y, 0 CUESOC0. 291 7y 1se Threshs (6) 465 46 65 Cavanah Dobbs. 575 '3y ‘:'1'7 Celotex (rights). % 3, g Cen Aguirre(z). 39w 391, 381, Cent Alloy:2). . 49 49 48% Century Rpf(7). 76 15 75 Cerrode Pas(5). 1134 115% 11315 Certain-teed Pro 221, 2215 221, orto (14)...... 61% 62 613, Ches & Ohio(10) 21913 21915 2191, C&OCorpn(3). 835 X3 530, Chi& Alton. . 16% 1613 Chi & Alton pf.. 2214 22 Chi Great West. 20 19% Cnl Gt West pf.. 58y 581 ChIMII&StP.. 36 350y Chi Mil & StP pt 58 57, Chi & Nwn (4) 871 ChiR1&P (7) % 1300 Childs(2.40). N 5% ChileCop (3%). 116% 120 11614 Chrysler Mot(3) 110% 111 1094 City StoA(3%).. 5o 50 5 City Ice pr(6%s). 104 108 104 City Stores new. 24% 247 24 Sluett-Pean sy, 65 fh Coca-cola (4) 3% 1 131% Coca-Cola (A). 49 Collios & mn 65% Col Fuel & Iron. T4l 7i% 73l Col Gas & EI5). 144 146% 144 Col Gas&El new. 591. 9 Col G&E pfA(6) 105 1 Columbia Graph 77% 77% 764 Col Carbon 14%. 144 143 143 Com Credit (2).. 52% 53 52% Com Ci1stpt 6% 1004 100% 100t Com Crpf B(z). 26's 26' 261 Com Inv Tr(34). 177% 1774 1774 Com Inv (war).. B5la Com Solv (h8).. 2768 276% 276% Com Power(13). 140% 1431 1403, 555 Conde Nast(2).. 80 80 ¥ Congoleum-Nair 27% 27% ong Cera (5).. &4 84 onsol Cgra (7). 9174 92 yln prf(6%) 934 933 93 Con Film pte2). 20 27 27 Comsol Gas (3).. 106% 107 1051 n501Gaspfis). 998 g ‘onsol Textile.. 3% . 3y Container A 1.20 192 19% 191, Container B 6vc. 10t 107, 10 Cont Baking A.. 66 663 Cont Baking B 11 1n Cont Bak pfe¥). 9515 96 Contl Can (2%). 71% “ont Can pf(7).. 125 Contl Insur (2). K67 87% 85 Contl Mot(80c). 23'; 24 i Corn Prod 13%.. X6% K6 Coty. Inc « 697 T2 695 Crosley Rad (1). 108% 110 1081 Crucibie Stith). 914 914 80u, rucible pf(7) ubaCar.eSugar. *aba Cane Su pf 114% 114k 1141 4 13 20 Cuban-Am Sug.. Cuban-A Sug pf. ban Dom Sug. Cudahy PKg(4). Curtise Aerotl) Curtis Pub (6).. 125 CurtisPub pf(7 o 1164 Cuvamel Eruit. . B0ty Davison e De Beers (a%7c). i Del L& Wit7). 181 131 Den Wnpf.. 70 "0 Natroit BdoK). - 242% 423 2423, Devo&Rayn(t3). 59 59 A8, Diamond M (8). 152 152 Dome Minescly 9% 9% Dunhill Int (34) 698 71 693, Drug Inecd). ... 11T% LI 117% Dupent d 4). 188 188 |86 Durham Hos 8% 8% 8w ln‘qule (3).. €9% 69% 654 ANCIAL, | | Open. High. Low. Close. | Abitbt Power.. 43 44% 43% 44% | Eitingon(2%).. Aoitiby Po pfi6) ¥l B0 B0 BOW | Eitiugn pf6ig) Ab&Straus pf 7. 110% 110% 110% 110% | Elec AutoL t4% | adams kBxpi6). 575 575 575 fectric Boat. .. Adams Millis(2) 314 31% techow& LI11). Adv Bumley.... 7% Tsly lec Stor B (5). |Adv Kumley pf. &3 83 81 83 |Eik Horn.. Abumada Lead. 3% 3% 3% (Elk Horn pt. ... Afr Redetn (13). 108 108 107% 107% | Em Brantgm(A) | Ajax Rubber.... 9% 9% 9% 9% EmpCapweil(2) Alaska Junea... T 7% T 7| lnd-donnci) Albany Papr(2). 16% 16% 16 16 | Eng PubSer(t1). Alleghany Corp. 34% 34t 335 34 [Enk PusSpfis) | Alleghany A 5% 1011y 10113 101 101 | Eng PuSpfsty. l1ea Chem . 200 291 2881 2881 | Bauit Bldg2) lis-Chalm(7). 182 182 182 182 uitableTr(12) of | Ama! Leather. 8% 8% g ay [ EleRR, es | Amerada(2). 34 34 33y 34 |Erielstpf, Am Agricul Chm 190 19% 19 1914 ariChpf. 62y 6] 29 6 ank N(13) 124 124 COrbanks(3) .. | 170 17% edLt&Tra $11;y \Am Rosen . 57% AL&Trac pf 6. { Am BrSh(h1.60) &5 55% | FFed Mot T(8ve) . » | Fidenty-Phoenx First NatScl i) “<k Hubber. ... Fisk Rubber rts Fleischman 134 Florsheim (A).. 122 101% 43 Follansbee 124 . 214 Fox Klim Atd). . 110% | Freeport T (4).. Gabriel Snub A. sardner Motor. . Gen Am TC(34). Gen Asphalt.... Gen Cable Gen Gen ( Gen Electr GenElec spi6uc) Gen Gas pf A(7) Gen G & 151 A(R) Gen Gas pf B(7) Gen Milis (3)... Gen Miils (rts), Gen Motors (). Gen Mot pf(1).. Gen Vutdr Ad(4) ten Ry S1g(5).. Gen Refrac(s). n Refrac(rts) Gillette S R (5). i miver Bio Glidden (11%).. Gobel (Adoipa). Gold Dust (new) a1% 109 18514 174 |Goodrich(d). ... 120 | Goodyear Tire. . &8 | Goodyr 1st pf(7) Gotham H (23%). Gould Coupler A Graham-Faige. . Grhm-Paige cfs, Granby (6)..... Grand F&W (1). tirand pr(6%).. Grand Unon. ... tNottn pf(5). Gt Nor pf cfs(5) GrNorOr cfs 31, Griwn Suk 280 Greene Cana(8). | Guantanamo su. Gulf Mo & Nor... Gulf Stat Stl(4). Gulf States(rts) Hahn Dept Stor. Hahn DS pf6ty. HamiltonWpf(6) Hanna M A (7).. Harumn B(1.20). Aersney Corp. .. Hershey pf(4).. HockingVal(10) 62 | Hollnd Fu( 3% | tHollander & Son | Homestake(17). 13 43 471y 104 163% 560 66 431 RYlg | L 200 103% 42% 643y 116% 103 104 113 6l ! 46 | Household(14).. 230 | Houston0il. ... 1171 | Howe Sound (4), 1261 | Hud Man(z). . 108 | Hud Man pf(5). 32 | Hudson Mot(5), 46 | Uupp Motf2). . 100% | Hlinots Cen(7).., 106 | Ind O & Gas (2). | Indtan Refining. Indian Ref (rts) Indian Kelg etts Ind Ref efs(rts). Ingersoli-R(16) Inland Stl (3%). Inspiration C(4) Interboroktaptr luterconRubber. Int! Bus Ma (5). Int Cement(4). . Int Com Engi2). Int Harv (2%).. Int Harv pf(7).. Int Mtch pt 3.20, Int Mer Xarine. Int Mer Mar pf. Int Nick,Can 80c 1nt Paper pf (7) Int Pa&PoA2.40. Int Papr & Po B, Int Papr & Po C. Int Pa&Po pf(7) Int Prig Ink 2% Int Rys Cen Am., Intl Sattq . Int Te. & Tel(6) Inter Dept S(2). intertype(Tli,., 94k 13% 1085 120 100 1861 | 4815 | 4% T3ty 179% 41% 52% 3¢ 374 45% 118 3% 1521 117% ) 9% | 3 1407 58 465 | Johns-Manv(s). 37 | Jordan Motor. 380, | Kan City Sou(3) S | Kayser J(6).o.. 7574 | Keith-Alvee. .. 110 | Kelly-Sprmg or, | Kels Hayes(2).. Kelvinator Corp. Kennecott (4) Kiniey (G RR) iKolster Radio Kratt-Pho(114). Kraft pt (6%).. Kresge (1.60). .. Kresge SS p1(8) Kresge Dept 8., Kieuger & Toll. 2 130rs | Kreuger&co rts, 55% Kroger Grotel). 120 " | Lago 01l 110% | Lambert 2 50 Lee Lire & Itub. 104 | Loh Por Cmit 23 24% | Lehigh Val Coal 65 | LehighVali3g). 133 | Lehn & Fink(3). 49 | L1g Myers(16).. 69 | L1g & Myrs B 16 7315 | l.ima Locomive, 145 | Liquid Car 143. 59 | Loew's (13)... 105 |Loew’s pf (615). 77 | Loew's pf xw6 5 143 | Lort. e 523 | Loose-Wil2.60.", 100%, | Loose-W 1s1(7). 261, | Lortilard Co. ... 1773, | Louistana O . | Louts GasA 1.75. Ludlum Stl ctfs. o 276% | 141 | Mac And(12.85). :'_‘K Me Call Corpe4) (O McCrory At2).. McCrory B McGraw Hill(2) Meheespt Tin Pl | McKes&Ro 1.60. Mack Truck(§). 991, | Macy Co (e2)... i | Mad Sq Gar 1%. 194 | Magma Cop (4). B4ty ! 92 | 93 1074 | Mallison & Co 66 11 96 Man Elec Suply. Man £l m2g (db) ! Man Shirt)... | Maracaibo Ofl.. arland Oil. ... Rock (14). rmon Mot (4). > | Mathieson(6) 72 ¢ | May Dept S(4). 10 | Maytag (12). 9014, Menzel Co 1141, | MetroG pf(1.89) 4| Mexican Seat 13 | Miami Cop (3). 2015 | Mid-Cont P(2). 12 | Middie States. .. 63% | Mid States ctrs. G | Miller Rubber.. 15| Minn & St Louts 155 | M StP&SSM pt. 12615 | Mo Kan & Tex. . 1 Mo K&Tex pfi7) 8115 | Mixsour) Pacific MoPacifie pf(5). Mohwk Car | Mont Ward 2% | Moun Motor . . Mother L (40¢) 151 70 243 | Motion Pic Corp 155" | Motor Meter A "ar, | Motor Whi (2).. o0 | Mullins Mfg. (14 Munsingwr(3) 1% Murray Corp. .. 185 Nash Motors(8). "% Nat Acme (1). 68% Nat Bellas H 81, Open. High, Aty 10 15 B 610 5% 4l 23 4 64 55 784 109 36% 64 10 B 43% 241y 447 64 55 TR 109 86% 68 . Low. Close, JUTEN 156 16% | N i B0y 1495 i 2149 4 G0ty 50% 51 Tt 10254 | 94 6816 | 1644 22 | 791y 3% | | Nat Dairy (33) i Nat Dept Stores. i 2| Nat Pow& L) | [ Nor Paccfs(h) .. | Patino M (3.89). jPierce Oli pt. ... { I"lerce Petroim. . {Pub S NJ pf(8). [ Pure ol Purity Ba ISpiegel Co (3).. t1 Riscult(7) Nat Cash Reg t4 Nat DSt 1st7). Nat Instiliers Nat Distillers pf Nat Enamlg (1). Nat Lead(6) . Nat Ld pf B(6). Nat Radiator. Nat Radiator pf. Nat Supply (18) . Nat Tea (113) Nevada Cop (3). NY Air Brod). . N Y Central(§) N Y CStL pfc6)y N Y & Harimi5) NYNH&Hart(4) NY NH&H pfe7) N Y Ont& Westn N Y Stm pf(6).. Norf & Wnit10) Norf & W pf(4). NotAm blo% stk North Am pf(3). No Germn Lloyd Nortn Pac(b)... Northwn Tel(3). 01l Well Supply. Omnibus. ..., OppenhmCol (4). Orphenm pfe8). 7% Lots Elev (6).... 309y « Steel...... 470 Owens Bot (c4). 934 racific Gas(2y Pacific Gas(rts) Pac Lightg (3). Pac 0L Stubs. .. Packard (1314). 1*an-Am Petroim Pan-Amer Pet B *anhandle. Panhandle pt. Paramount-F-L Park & T11(33).. Park Utah(80c). Pathe Ex Pathe Ex(A). .. Ieerless Motor. nick & Fora nn Dixie Cint. P'a Dix Ct pr(7). Penn R Ri3%).. P’ere Marq (18). I'ere M prior(5). Pet Milk (1%).. Phila Co pf(2) Phila&RC& L. Phil Morris(1).. Phillips P (1%). Merce LI, .. Pilsbury (1.60). Pirellf (A) 2.88. . PIUSKUW pfii). Pitts Sti pf(7 Fitts Term Coal. Pitts & WVa(6). Pur RicoToA (7). PortoR1coTobB. tostal T&C pf 7. Postumd)..... Pratrie O11&Gas. I'rairie P L 13} Pressed St Cal Produ & Refinrs. Froducers& Public Serv Pub Serv NJ rts. Pub Serv pf(6). ['ub SE&G pf(6) Pullman Cot4). . i'unta Aleg Sug. ing Radio Corp Radio (new).... Radio-Keith(A). ReadingRy (4) Real Stik Ho: Rets(R)& Co Remingtn-Ra Reo Mot (11). ltep 1 & S(4) Reynolds Spnga. Reynlds (B)2.40. RhineWE(1.52). chfield Oil RioGrande Oil 2. Rossia Ins 1615 . Royal Bak P(1), Royal Bakg P pt 101% Royal Dal.33§) 52 Safeway (3).... 174% St Jos Leaa13). 78 StL & San Fr(8) 114% StL&Sank pf(6) 95 StL&Southwest. 108'% StL Swn pf(5).. 90 Savage Arms(2) 46 Schulte (1313) Schulte pf(8). 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 Oil t Skelly U11(2) Sioss-Shef(6). .. Snider Packg Co So Po t2%. South Cal ¥d (2) South Dairies B. South Pac(6). South Ry(8).... SouRyM&O cfs ¢ Spang Chalfnt, Srear & Co Spicer Mfg SpicerMfg pf(3) Stand Com T(1). SUG&E (3%). Std G & E pf(4). Std Milling (6). Std O of Cal(13) StdOIINI(T13). SUOINY( Std Plate G Std P Glass pt Std San M(1.68). taniey Co... tewart-War(6) Stromberg (3).. Studebaker(35). Studebak pr(7). Subniarine Boat. Sun Oll (g1) superior Ul Superior Steel Sweet of Am(1). Syminglon Cl A. Telautogrph(1). renn Copperil). Texas Corpn(3). 64% TexasGulfSuli4) 7Tl T&P C&O(b2%) Tex Ld Trinew) Thatcher Mfg... The Fair(2.40).. Third Avenue. .. Thomp J 1(3.60) Idewater AsOIl TIAWASONDL(8 TidewatrO(80¢) Timken R B (3). Tob Prod (1.40). Tob Prod A (n). Cranscont Oil. .. Transue & W(1) Trico Prod(2%) Undwd-El F (4) Un Bag & Paper Jnion Carb Un 011 Cali2). Jnion Pact10).. Un Pacific pf(4) Unton Tank(5).. Ltd Cigar Stul). Utd Elec Coal. Utd Fruit (c4).. 1td Paperboard. US Cast Ir P(2). US CIP 18t 1.20. US CIP 2d 1.20.. U S Distributing U S Distrib pf(7) (1S Hoffman(4). U S Alcohol (8. U S Leather.... U S Leathr A(4) 1S Realty(4) U S Realty rts. Ui S Rubber. ... 1S Kub istpf. 894 U S Smelt(3%). 67 USSmpf3). 55 U S Steel(7).... 187 U § Steel pf(7). 1431 68 11 S Tob pf(7) 141 Uni Pic 1st pt(8) 88 Univ Pipe & Rad 18% Util PEL Ale2). 444 Vadasco Sal 10% Vanadium 1064 Vick Chem(4)... 89 201% 187 64% 21% 21 17% 43 354 107 106% 907 55 44 38% 295 34 101% b2'a 171 7% 114% 95 108% 904 45% 33 109 19 157'% T 13118 28% 44y 10% 106 89% FINANCTAL. NEW YORK STOCK EXCHANG Open. High. Low. Close. 1800 179 1 323 0% 54T 109% 36 35% Received by Private Wire Direct to The Star Office STOCKS ARE FIRM - INPROFIT-TAKING Open. High. Low. Close. Ivietorrrpfi7) 113 113 11 113 Vietor T M efs 4. 1871 187% 190 [va-CaroChem. 1915 190 19% | Va-CarCh 6% 53 54% 5% | i Waldorf(i%)... 24% 2 21w Fresh Speculation Appears Walworth(1.20), 427 40% 40% | Ward Baking B." 1 | Warner Bros Pie 12 Warn Bros P rts Warner pf(2.20) & Warner-Quiz).. 39 Warren 1st pf(3) 50% Warren F&Pire. 3% Web&Heil nf(7) 101 Wesson Ofl (2).. 45" Wesson O pf (4) West P Po(6). West P Po pf West Dairy B .. West Maryland. West Pacific pt. W U Teleg (8).. \Westhse A Bi2). Westinghse4). Westhse 1st(4). Weston Electric. Weston A White Eagle( White Mot(1). White Rock (3). White Sew Mach Wilcox Ol & G.. Wilcox (A) 214, { W:lcox Rich B.. Willys Ov ¢1.20. Willys-Ovd pf 7. Wilson Co pf A. Wilson & Co pf. ‘2 | Woolworth (6).. 2061, 2 Worthn Pump. . Worth Pump(B) Wrirht Aero(2). | Wrigey ((13%). Yellow Truck... Young Spring. . “ Youngstn Sh(5) % 125% Dividend rates as given In the above tatle are the annual cash payments based on the Intest quarterly or half-veariy declarations. + Partly extra s in stock ~ § Plus * Umit of trading less than 100 shares. $3 1n preferred stock. % Plus 1/25 in stock a Paid (his vear—no regular rate. able in stock. ¢ Plus 5% in’ steck able when earned. e Payable in cash or = Plus 6¢ 1% 119% i i in Copper Group—Price | Changes Small. BY GEORGE T. HUGHES. | &pecial Dispateh to The Star. NEW YORK, March 16.—The two features intoday's stock market were the copper sharcs, which were strong «| from the start, and Radio. which, after | lazging behind in the earlier trading, came to the front toward the close. The balance of the list made little progress and the whole session was a comparatively tame affair. The advance in Radio did not come until the last quarter of an hour, when both the new and old stocks ran up to new highs, the first named above 109 and the latter at 540. Another strong speclally at the close was Rossia In- | surance, up 10 points to a new peak. The copper shares responded emphat- fcally to the fresh advanee in the price | of the metal, The domestic price today | was 21 cents and the export quota- | tion, 217 cents, the high of the move- i ment.” Speeulation centered about Ken- | necott, Anaconda and Greene Cananea. Lt | Kennecott took the leadership at the 7 | start, opening at a record high for the . | resent_shares, which was in effect, a | record for all time. Anaconda worked up gradually to 164 for a gain over 3 points and the highest in the history of the company. Greene Cananea, which normally moves over a wide range. surged forward 8 poinfs, A few industrials were bid up for special reasons. One of thesc was United States Industrial Alcohol, mak- § Pay. | ing further respon: | report. 1 30ty 97 43 60 States Rubber was only moderately higher, but Good year ran up nearly |3 points. The rails were neglected but the equipment. shares met & good demand, A few of the oils worked higher, in- Baltimore Markets | Special Dispatch to The Star. | BALTIMORE, Md., March 16.—Pota- | fining. toes, - | potatoes. bushel, 1.50a3.0 | Sarrel, 1.5023.50; bushel, 1 ; barrel, 3.00a4.50; crate, 2.75a3.00: beans | bushei, 1.7523.75: cabbage, hamper, 7 In Nearby Virginia 1150; carrots, bushel, 1.50a1.75; celery. 1 Prudential | crate, 1.7522.75; caulifiower, crate, 2 /0 Insurance Co. 2250 cggplant, crate, 3.0024.00: Eoats barrel, 75a1.25; lettuce, hamper, 2.00. | Onions, 100 pounds, 3.50a5.00; oyster | plants, 100, 8.00a10.00; parsnips, basket, 60a75; peas, bushel, 2.50a3.0 | crate, 1.50a3.50; squash, crate, 1.50a3.50; spinach, bushel, 75a1.00; tomatoes, crate, | 1.0024.50; turnips, basket, 50a65; apples, | bushel, 75a2.00; cranberries, half barrel, 7.00a8.00; grapefruit, box, 3.00a3.25; tangerines. half boxes, 1.25a3.00; oranges, box, 2.00a3.50; strawberries, quart, 20a45. Dairy Market. | alive—Young turkeys, 35a43; ! | old, 25a38; young chickens, 38a45; small Commonwealth Investment Co. 917 15th St. N.W. Phone Main 2623 Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 | and poor, 2: 31a33; Leg- | horns, capons, 35a45; old | roosters, 18a20; ducks, 20a32; guinea Consult Us First If you need money for | your Real Estate financing | let us have your application today. fowl, each, 50a1,00; pigeons, pair, 35a40. Dressed—Turkeys, young, pound, 35a ! || 45; old, 25a40; chickens, young, 35a40; ‘ old and mixed, 30a35; capons, 35a43; ||| old roosters, 20 ducks, 25a30. | Eggs—Receipts, 1773 cases; | !and nearby firsts, 28':a29; current re- || {ceipts, 24226 duck eges, 38ad8. | Butter—Good to fancy creamery, i ! native | Prompt Service [ pound, 46a51; prints, 50252 ladles, No Appraisal Fee 34a38; store packed, 30a31; rolls, 30a32; ‘ | dah',vz prints, 30a32; process butter, The Commercial National | 41a42. i " Hay and Grain Prices. | Company Pald up Cash Capital. $900.000 Commercial National Bank Blde. 1ith and G Wheat—No. 2 red Winter, garlicky, | spot, 1.34%4; March delivery, 1.34%,. ||l | Corn—No. 2 export, March delivery, no quotations; No. 2 vellow, domestic, ‘ spot, 1.11a1.12; cob corn, 5.2585.50. | to the good annual | United States Cast Iron Pipe ! stock. f Plus_10% in stock |early in the session made a new high | ek b ParUy stock 1 P eZly 1n | for the year, the move being connected sto lus 1/120 share quarterly in r | ‘tock. m Payable 1/10 share auarterly in | in the gossip of the day with operations | United Clgar Storesjcommun stock © PlS | by a prominent speculator. United % in stocl cluding Barnsdall and Atlantic Re- | ! GENERAL MOTORS SHOWS | GAIN IN STOCKHOLDERS! Real Estate Loans —secured by first deeds of trust om property in_Washington nd nearby Special Dispatch to The Star. ‘ Marviand We can refinance your ma- NEW YORK, March 16.—The number | | sefvice, 1°%" Frompt and courteou of stockholders of the General Motors | Corporation, which has the largest| number of common shares outstanding of any company in the country, in- creased 71 per cent from November 24 to February 16. or from 48,169 to 82.415, according to a survey released yesterday. It marked the first time in the country's history that its stock- | holders have numbered much in excess of _50.000. The large gain in shareholders is at- tributed to the splitting up of the cor- poration’s stock on a two and a half to one basis last November, increasing the number of shares outstanding from 17.- 400,000 to 43500000 and lowering the | price of the shares from above $200 to less than $100: The purpose of the plit-up was to increase the popularity of the shares with investors, thereby gaining additional public good-wli According to the survey, investors' holdings of the shares have grown from 84.1 per cent of the total last November to 85.21 per cent last month, with the amount of stock in brokers' hands re- duced from 159 per cent to 14.79 per cent. On February 16 a total of 455 brokers held 6.434.525 of the new shares, | while 81,960 investors held 37,066,475 shares. THOS. E. JARRELL CO. 721 10th St. N Arranged for promptly—and at low rate of interest and commission. B. F. Saul Co. 925 15th St. M. 2100 STATEMENT OF THE CONDITION OF THE '§ The Northwestern Mutual Life Insurance Company of Milwaukee, Wis. On the 2ist day of December, 1923. as required under the District of Colu Code, amended June 30. 1903, and August 18, 1811, i Year 1928 ..$118.702.763.60 40.023.363.13 9,704,232.23 484,81 Premiums ... Interest and rents Consideration for insfallment and opti ends left with comgany to accumu Federal income taxes recovered . All other Income ... ............ Total income ... IR Deatn claims \@ Matured endowm Annuities .. Surrendered policies Dividends to policyholde: Premiums waived o cl Total paid polieyholders 5 il Paid under instatiment and option settiements | commidsionis ‘fo aarts T Medical examinations and 16.82 416.925.64 neciions Compensation of officers. trustees and ho 2.180.821.36 il Postage. supplies. printing. etc... ... 48072768 Il Real esiate expences (exeont axes) 56. 1 Mortgage and bond inv Real estate and hond v |l Book Inss on bonds on Agente’ advance remitt atlocated . Rent for accupance of home offen iisia [ Accumulated dividends and interest withdrawn All other disbursement, Relartsideide Total dishureements Fxcess of incore over dishurs Dac. 3t £4.270° Real estate (including home office) . Loars on real state mertcare Toans on olicies as cotiateral - Premium notas and sutomatic premivm feans |l U S. A. bonds end notes. amortized valie - Other bands. nortized value Sfocks (acaited on recreanizail Cash on hand and at banks . Interest and rents due and acer Due and deferred premiums . Miscellaneous assets . B 124.740.730.68 5.832.783 86 23.017.574.49 ), ‘markes Total admitted ascets . LIABTLITTES, Reserve required by law to be held on the company's policies. .. Peserve for annvities and epeeial contracts Reserve for not due installmen 3 *Losses and endowmen! dmsted. " ete Fstimated amonnt of fax. yable in 1929000, cal fees. commissions, ete. it T and thereafter Total lishilitles .. ........ .. s = ool $819.326,914.87 1928 figures include $1,853.603 31 for ‘death losses’ incurred for which no proofs have been received. acter of business transacted during 1928: Life Insurance (purely mutual NEW INSURANCE PAID FOR DURING 1928 Number of policies ............ . - R Amount of insurance INSURANCE IN' FORCE DEC Number of poli 994.376 nce .. 43.700.520,850.00 Amount of insu SGadu 3 SR e M. J. CLEARY, Vice President. §ubscribed and sworn to before me this 28th das of Fenruary. 1929, (geal.) ZETTELER. Notarr e Milwaukee, Counts, Wisccnsin, My commission’ expires Janusrs 300 1053 A. L. BALDWIN, General Agent, 515 Union Trust Building Washington. D. C. Main 6381-6385 Oats—No. 2 white, domestic, spot. 59; No. 3 white, domestic, spot, 57a 5715, Rye—Nearby, 1.1021.20. Hay—Receipts, none. While hay is arriving here in limited quantities only, | it is more than ample for the demand, which is being supplied mostly by truck | | from nearby points, a fgw carloads be- | ! ing received. There is not enough busi- | ness passing to establish prices on the | various kinds on merit at a range of | 15.00216.00 per ton of timothy or clover | FlrSt Mortgage | hay. | Siraw—No. 1 wheat, 11.00a12.00 per ! and | ton; No. 1 oat, 12.00a13.00 per ton. | MOTORS HEADS IN GERMANY. WEISBADEN, Germany, March 16 | (#).—Alfred Sloan, jr., of Detroit, presi- dent of General Motors, James D. 1 Mooney of New York, president of the General Motors Export Co., and Keith Applications Invited at A. Wood, Berlin director, arrived here today for the final negotiations of the General Motors-Opel agreement. ! /2 E O | | It was announced that the result of | i | | | | First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Construction Loan h tiations as well as the tenor of I the ngreement canchuded wilt ve e ||| Glover & Flather 1508 H St. N.W. i public on Monday. M Sugar Meltings Gain. NEW YORK, March 16 (#)—Sugar meltings of 15 United States refineries increased from January 1 to March 8 to 865,000 long tons compared with 760,000 long tons in the corresponding 1928 period. _Deliveries were 755,000 tons, against 720,000, TREASURY CERTIFIE}ATES. (Reported by J & W. Seligman & Co.) 1753 | ComprLeTE Fi Ist & 2nd Rate--Maturity Bid. Ofter 4'28 June 15, 1929... 99 2 99 30-32 | FHE e i ‘ s Sept. 15, 1929.. 2 ll&lt\ {!% 1929 ; 2 2 omes, apartment 2 9621-32 On L Ly gs and business properties. No appraisal fee. Prompt service. FOREIGN EXCHANGE. (Quotations furnished by W. B Hibbs & Co.) Nominal gold Selling checks i value (or par) today | bnnldnn.r pound.........$4 f’ilfifi $4.85 e e e, Real Estate Mortgag | Berlin, ;‘g""h 4 or | Athens, drachma. & G ty C po ! Madrid, peseta 193 uaran | | Vienna, senilling ‘1409 I St Ko D Prague, crown (nem.) .. . 24 Jackson Place Main 1403 | en, crown 268 Oslo, crown............ .268 | Stockholm, crown.... 268 - SHORT-TERM SECURIVTIESA | | (Reported by J. & W. Sellgman & Co.) | Over Third of a Century's | Allis-Chalmers Co. 5s_1937 Experience Alum.” Co. of Amer, 5y 19 i Amer. Tel. & Tel. Co. 45 1 { Anaconda Copper” Min. 63 | Balto. & Ohio 4'as 1933..... ¢ 1 Batavian Pet. Co.p. 41-5 194 i i Bell Tel. i of Canada 5% California Pet. Corp. ' | Canadian Nat. Rwy Canadian Nor. Rwy. Chesa. & Ohio Rwy. 41%s 1 Chicago Rock Tsland 4s 1034 Chile Copper Co. 55 1047..... Cudahy Packing Co. 51,5 {931, Ed'son El. Il Boston 4'2s 1930 Gen. Mot. Accep. Corp. 6s 1037 General Pet. Corp. 5 Goodyear T. & R Grand_Truik Car Guif Ofl of Pa 58 Humble Oil 1932, Internat,_ Match Corp. ‘% Oregon Short Line Pure Ol Corp ‘5! Shell Union Ol C nclair Crude Ol 51 1855 With the Details —Instead of your being burdened with the hundred and one annoying details of property management—| 1000 G Southern Pac 10 R. 43 1929 it into our cha ST Qi N SSTRY G 1030 "Dene 8t L ‘Bouwestern Ry. 4s 1932 08%h 06 Our reports will give you Shion ol cos cali” 55" g e the facts—and our service || Weatern Kisctrsc_Co.'5 400 102G 10803 prove most profitable. !\'h!!“nl Steel Corp. 5'zs 1948 101 102 | Money to Loan B. E. SAUL. €O. | Secured by first deed of trust on real estate. | B T W TS IR TS | Main 2100, 925 15th St. N.W. || Joseph I. Weller {6, Wesh. I & Trust [ é FOR SALE ' T0 CLOSE AN ESTATE Barr Building, Nine Hundred and Ten Seven- teenth Street Northwest, Washington, District of Columbia Bids for same will be received at private sale by the undersigned trustee on March 23, 1929, at 10 o'clock A.M. at the office of his counsel, as undersigned. All bids subject to approval of Court. Certified check for $10,000 must accompany bid. Harold C. Smith, Trustee b H. Winship Wheatley, ! | ERE = Attorney for Trustee 1010 Vermont Avenue N.W. Washington, D. C. The Seven Cities of Cibola Francisco de Coronado, grandee of Spain, had a vision of fabulous wealth. Men had told him of streets of gold and towers of jewels in the “Seven Cities of Cibola.” So he led his men to misery and death in the deserts of New Mexico in 1540, re- fusing to helieve that the poor Indian Pueblos he captured were the myth- ical cities. He might have known that fabulous wealth always remains a fable. He and his fellow explorers were like all seekers after easy riches; they lost more than they had hoped to gain. Don’t let your capital perish for the fable of Easy Wealth. Be sure of absolute safety before you invest— look for a record such as that of Swartzell, Rheem & Hensey Com- pany: nearly sixty yvears without loss to an investor. Then invest in the 6 per cent First Mortgage Notes sold by this Company, and be assured of unfailing interest paid twice an- nually. SWARTZELL, RHEEM & HENSEY CO MOLIGNAGE BANKERS 727 15 STREET N.W,. WASHINGTON D.C. / Ny