Evening Star Newspaper, March 23, 1929, Page 24

24 & FINANCIAL,' THE EVENING STAR. WASHINGTON, D. €. SATURDAY, MARCH 23. 1979. FINANCTAE OIL PRODUCTION CUT | fexact"stira i o5 Row”or e 53 | IN OKLAHOMA FIELD |1 veen'She a3t rogram i st o1 fields. This achedule still exists out- side the Greater Seminole area and in NEW YORK. March 23.—Except. for | pyC ninecedented stepe have been taken gl’xlz. % s the year 1926 net earnings of the rail- | overproduction in = Greater Seminole |, 17 DO instance has pay of employees | Traders Frightened as Re- | roads for 1928 were the best in history. | feld, the State's flush area. |been reduced because of shortened SAVINGS STRESSED | [ NEW YORK STOCK EXCHANGE | STOCK PRICES SINK Received by Private Wire Direct to The Star Office. H ! > 5 ) o J | Open. Righ. Low. Close. ! Open. Low. Close. ! Open. Bigh. Low. Close. lN SEL[ING WAVE; - o [Abib power. Al AW AT 4L | Bitineon 2y). 38 93 43 33 | Nat Dalry (83). 126 126% s | BY KENNETH §. VAN STRU! Aoitib! Po pf(8) Blla £i'y 81 8l'y Elec AutoL f4% 151% 150 156 | Nat Dept Stores. 35 | Anranma&Straus 134 140 131 140 | Eiectric Boat... 17 16% 16'% 424 66 66 Nat Enamlg (1). 531 106'% 106 | Nat Leadib). .. 164 164 at Distiliera & ¢ | Adams Ex pf(5) 93 :.1 sg :: lv:-eero-u,.; |7.. ,‘Z" i Adv Rumley. .. 93% 94 & 9 Elec P&Lt pf(7) 106" Regional Conference Also Told | xay Rumiey-c: 50° 5o &2 % |Biecomrsisy 't 51y 8315 | Nat Lead pfA(7) 141% Yet because railroad stocks fafled fo|" To curb production to 650,000 bar- | ROUTS: ir Redctn (t3) 103' 104 103'» 104 | Em Brantgm(A) 14 14| Nat Pow&Lti1). B d R [ follow the broad advance of industrials. | rels a day for the State, Greater Semi- | STl World Peace Is Now [Aiax Rubber.... &% i 84 8% EmpCapweil(2) 34 33 | Nat Ry Mex 2d. serve B0ard ReSUMeS many investors have been bitterly dis- | nole operators have reduced their ott- Farmers Save $100,000 | Ainska June T T T nd-donn(b)... T4k Nat Supply (18). appointed, and _sustained enthusiasm | put from 18 to 23 per cent. Each com. | ,000. . { Alleghany Corp. 33 317 B1%! Eng PubSer(t1). b2 Nat Supply pf 1. Meefing Today for railroad stocks has been lacking. pany makes affidavits of its decreased| BROWNWOOD, Texas, March 23 (#). Economic Probiem. Alleghany A 53 100% 160% 100% | Eng PuS pe5%. 97 Kot Tea (itg). .. . Although the amount of freight now | rund' 1 a field umpire, —A cam against internal para- Allied Chem. .. 2804 280% 277 277 jequit Blde(2) A Nevada Cop (3). 5% 5%% b7% 6% S e being carried by the railroads compares | 5 six-day week, an innovation in the |sites of all kinds of poultry, waged in e Aliled Cm pf(7). 121 121 121 121 |EquitableTr(12) 703 YAIrsra).. favorably with that of the past two|,ii industry, has been tried by a dozen | Brown County last year, is estimated to BY EDWARD C. STONF. Allis-Chaim(7). 178 178 177 177 |[HrieRR.. T0% Y Centrai(8). BY GEORGE T. HUGHES. years, it is generally known that Lh’vromptnlm with successful results. | have saved at least $100,000 worth of 5 S e | Amerada(2).... 33 3% 328 33 Erie 1at pf . 80y 5% Y C&SL(6). Staslit Bl 1o e b |amount of freight carried has not kept | Operators have found that shutting poultry and eggs. Local bankers attending the regional ' Am Agricul Chm 185 18% 17% 17% | Eureka Vae (4). 2 52 Y C StL pf(6) Seasis s g i lpnce with the growth of population. savings conference in New York heard |Am AgriCh pf.. 60% 61l 0% 61 | EvansAu L 12%. 6814 Y Dock....... NEW sORK, March 23 Taking' ' The Railway Age recently pointed out | a strong plea for the enlarging of func- | Am Bank N(t3). 119:a 120 119% 119% | kxchange(lig). 240 Y & Harim(5) fright again from the news that the |inat for the five-year perfod from 1903 | i v 3 S : . NH&Hart(4) Federal Reserve Board had reconvened | to 1909 the frelght of rallroads increased | o a1t e he et e 5. box bow |Mrbauasia.. L Y Ont& Westn in Washington, the Stock Market had | 43 000000000 jon miles. - During - {he | national banks and frust companies | Am BrShthi60) Boik Aolis S| oL LT 196 The|N Y'State Rys ot another sinking spell today and left off | next five years the rate of increase was | They were also : Am Krown Hov. o0 She mRlen o an | NorAm bios st | virtually at the bottom without any in- feven faster, at #4,000.000,000 ton miles. | The told. with other Am Brown Bo pt O T RO Uy 5 ot |Northampra). dication of rallying power. |'This rate was maintained throughout | 2 things, that the AmCan (t4)... 125 | 1214 12104 ) By P1st8) 1104 110% 110 | NorAm Ed pt(7) The fact that the reserve authorities | the next five-year period, ending m] No Germn Lloyd resumed their discussion, presumably on | 1918, H Nortn Pac(5)... the discount rate and particularly with | “Since the war, however, the rate of | Nor Pacefs(5).. 104 104 103 103 |reference to the Chicago situation, was |increase has been much slower. From INVESTMENT BUILDING 1011 Well Supply. 25% 25% ' 2 t00 much for the already frayed nerves 1918 to 1923 it was only. 7,000,000,000 o4 | it - of the speculative element. on miles. During the last' five years 15th & Kay Sts. N.W. il i atts Stocks were unloaded with greater |this amount has been increased to 17.- | Y 7 01 | Orph £(8). urgency than yesterday, when the re- 000,000,000 ton miles, but this rate is| il AT serve governors met and adjourned |only one-fifth of the average rate of in- Owens Bot (c4). without mntk{ng sn announcement. = |crease before the war. , i Immediately after the bank author- Pealnegus i) ities went into session, prices gave way | “’”;‘:;’;:&":‘]:‘;::g:“::::; b s o E % v o the reac- | Passeni 3 = g sa & Pacin. Stubs. ;}L‘:\"‘:{{r, fi;:hflwb;’r:::g,f,,ngrqh;sénn;. ing a smaller proportion of a railroad's A Fifteenth Street store, containing 2222 square feet, with 108 | Packard (13%). ard industrials, including Steel and inet income, has not only not increased, high ceilings and large wall space that especially adapts it for 133 lrjac l;e» l;,'l'ellfl nearly all the coppers, while a host of |but has actually declined. In 1923 the | a BROKERAGE OFFICE. £33 ED AmiedLrolin speculative favorites broke just as badly. | railroads received about $1.150,000.000 " ufl»;u‘ 5::;:::;" et B from passenger fares. whereas last year Also a Kav Street store of square faet, with access to v 900,000,000, g i H 2273 | Paramou e s e C ey ecime | the Jobby, suitable for a lingerie or shoe shop. Markets at a Glance [There are several pertinent reasons ARDMAN MANAGEMENT why “the business of e rallroads has W J\ 8815 | Park & Til(13).. 110 | Park Utah(30c). 128 | Pathe Ex.. not increased as rapidly as the growth | 108 S::T:«,Ffi(‘; )"'b NEW YORK, March 23 (#).—Stocks |of n;e rourlnry would tseer;-: ;t; 1\;::";1. W. Grah M % e ). weak; credit uncertainties inspire liqui- | An increasing amount o eigl s A 14 | Peerless Motor. . dation. Bonds steady: Angconda Gop- |being handled by motor tricks and | James Lt pol 2 per 7s off 4 points. Curb heavy; Ford |ships, through the Panama Canal as of Canada breaks 34 points. Foreign days of “nigh hat” bankers are over. T. W. Murray. executive vice pres ident of the Union Savings Bank of Boston, discussing the restrictions upon savings de- posits, argued that “the time has long aince arrived when savings bankers should give serious and energetic at- Am Ma & Fy(4). tention tn an en- Am 5»1;“.:'... 5. Jargement of the o Am Metals pf(8) 1211 12155 121 121 Tunotions of a sav. ' Jscksen Emrich. AmXatGanpts k1" w1 s o |3 ings bank in order to meet competition, | Am (910, 105% 105% 103% 108% | &0 ! : especially on the part of the national | AmPo&Lt pf(8). 100 101 101 101 'g::g:'_“’f";“;; banks and trust companies.” |AmPALpfstab. 31% 818 81% ’”'"lu- G&EIAG) In an address upon the moral im-|Am Radiator(d) 179% 176% 177t 1 ’IGenuz-J{ B(1) plications of international credit. Ralph | Am By Ex(6)... 160 160 168y 1577 con Milib (3) Hayes, vice president of the Chatham- | Am Republi . & 54 Boleon siite (ot Phenix National Bank and Trust Co.|AmSafRasire) 67 67 67 67 |acnfis (i) asserted that the new apostle of peace |Am Seating(3).. 878 378 376 37y [ Gen MOIO% (3)- was _the business man. !AmShip&Com. 4% 4% 4% 4% > AmCar&Fdy(6). 101% 102 101% 102 | First NatS(1%) 63% Am Chain pf(7). 80 &0 80 &0 isk Rubber.... 154 AmDrug (60c). 9% 9% 9 9% | EFysk Rubber rts. AniExpress(6). 318 218 318 318 | Fleisehman 13% Am & For Pow. 104 105 102% 104 | Follansbee 12%. Am&ForPo(rts) 1% 1% 1% 1% | Foundation Co AMEFGrP uf (1) 108% 106% 106 106 | kox Fiim A(8). . Am Hawa SS(1) Freeport T (4).. Am Home Pr(3) e abriel Snub A. (zardner Motor. . Am Interhatl 17, Am LaFriFoam Gen'Am TC(34). Gen Asphalt. ... Am LaFrance pf : Am Locomor(s) Gen Bake pe(b). Cable. ... Has a few very attractive, well lighted and ventilated offices, single and en suite, which represents the best Washington affords for office purposes, 614 | Penick & Ford. . ‘35: Penn C&Coke. .. of foreign trade every year and with |AmMWW&EI(el). 86k »6% K4'% 544 | Goodrich(4). more than $25.000,000.000 of foreign |Am Woolen..... 20t 20% | Goodyear Tir investments, every salvo our artillery | Am Woolen pf 4813 464 | Goodyr 18t pf(7) fired would hit a debtor, and every | A Writ Pa ctfs 2 12 | Gotham H (23). bomb our airplanes dropped would kill | AmWTitP pf(3). 41 41 iGothm nvi2l). a customer.” ::;:::v - s 143 | Gotham H pt(7). “High Hat” Bankers Extinct. Anaconda (7). . 160 T6UA | GianabcamAar The savings habits of American citi- | Anaconda (new) 136's 136% | Grhm-Paige off gens were changed overnight by the)Anaconda (ris). 32 32% | Granby (6) Liberty Loan campaign, James P. Hart, | Anchor Cap 2.40. 56 56 | Grand F&W (1). president of the Savings Banks Officers | Anchor Cap(rts) % % | Griwg Unon. Club of Massachusetts. said. Andes Copr (3).* 63t 63% 61 61% Grand Un pf(3). The discovery that a $50 Liberty bond | Archer Danls(2) 41 1 41 4l |Grant WT (1).. 12 1 could be purchased for $1 down and $1| Arch-Dan pf(7). 1141 114% 114% 114% | Gre North pf(b). 106% a week created a mew host of savers,|ATmourDelpf7 88 88 88 SR Gt Nor pfofsth) 105 Mr. Hart said, and he cited how the | Armour lil(A).. 1lek 14% 144 14% | GrNorOrefs 31, a2 idea has been carried into the Christ- | Armour III(B) 2 T T4 TW|GriWnSug28u 36 mas and Vacation Clubs. AfholCon&Ce 28 28k 28 28 |Grt Wn8u pfi1) 116 “It is true this customer saves oply | ASSODEIG(24). 6% - 1% 60 60K | Greens Cana(s). 136 fo spend,” the banker said, “but he is | A350 1st(6). 103 103 103 103 |GuantanamoSu. 4 Pierce-Arrow. Pierce Ofl. Ofl p Plerce Petrol Pilsbury (1.00).. Pirelli (A) 2.88. . Pitts Coal. Pitts Sti pf(7) Pitts & WVa(6). Por RicoToA(7). PortoRIcoTobB. Postal T&C pf 7. Psstum(3) Prairie Oll& Prairie P L t3% Pressed Stl Car., Pr Sti Car pf(7). Produ & Refinrs. Producers&R pf. Public Serv 2.60. Pub Serv NJ rts. and subsidiaries report for 1928 net in- . | come of $8,352,762, after charges, com- | pared with $7,744.471 in 1927. | 3 U So1. | Penn Dizie Cmt. i 3 3 ERECTEYEERETTEEREE I | “The cause of peace has become an | Am Sm&Ref(4). 117% 117% 114 114 | GenOutdrad(z). 390 | e Ct (1) exchanges steady; Japanese ven rallies ] Ta economic movement.” he said. “Thirty Am S& Rpf(7). 136 136 136 136 | en Ry Sig(h) Penn R R(3%) briskly. Cotton lower; liquidation. | | f vears ago the advocate of peace was|Am St FAvat3). 7013 70l 69% 70 | Gan Rareaciny. People’s Gas(8). Sugar closed. Coffee closed. { INDUSTRIALS o 4 likely to be a long-haired fellow :-nh :msw-l Fyrts. 2 _t_!h 3 ; Gen Refrac(rts) ‘Pere Maraq (18). | | dreamy eves, Today he is the hardest- | Am Suzar .. % T 6% 17T | Gillette S R (5. Phila & RC& 1. | eaied i i tonn. Dusimest ' op | Am TaL& TeI(0) 2140 211 a1t oits | o L ) e s Wall Street Briefs || [ /™ ] WANTED posing war. and its opposition - daily | Am ;n:uw.?x:i- }zn }fi:y II:{‘I 168 | Glidden (11%).. """‘M"';,'""w . % g | RAILROADS becomes more pronounced. m Tobac B(8). 168'c 1684 167' 167'% | Gobel (Adolpn). Phillips P (134). <150 “With nearly $10.000,000.000 worth (Am TypeFo(3).. 145k 145\ 144 144 | Gola Dust (new) Phoenix Hosiery The United Cigar Stores of America | ‘ “ TWO REAL SALESMEN | | For permanent positions 7 TR W jd The Otis Elevator Co. reports net in- | f the largest Securities Houses in the Country. Offeri well as on inland waterways. ore- | B; one of the larges urities Houses in the Country. ering :?‘r:res ”for'q“l’l:fimtr ml‘Is.:]!;f!O.gfiii‘v !z(:;‘: over, railroad freight rates haveMbetn! only listed, seasoned and nationally adyertised Stocks and Bonds in Of: A33.108: shares. of - comimoN atock ]:lzgglnbo’;!:‘ 18 per cent ?"dmx‘ n;:‘l,e slnc'e{ some nfdlhe llr[e;l andI best I::'mfivn C;n':lp-nm in America. With " 6 ! - e passenger trade is being af- combined assets of nearly one billion dollars, :Tfi;‘;’“‘l’:r;;;“h 85,649,034, or $12.16 | tected by motor busses and private au- : g 5 e tomobilgs. To sell investors for! income. Speculative selling does not The nine bond offerings which ap-| The railroads, therefore. not being interest us. Commissions proportionately liberal for conservative peared this week totaled $60,365,000, | able to profit by the country’s growth. | lacement. compared with $82,481,000 last week lt::‘f‘e had tot;‘u: d;zwn exDen!;B iln ordori P! % ¥ and $153,399,000 in the correspondin ncrease their incomes. By increas- S V. i in thi i i e e e T D B If vou are & SALESMAN, then expetience in this business o mot Hon by Dow. Tones & Go “Ot"ihe |creased profts for 1938 over these of | . n unblemished past record of integrity, ability and honest week's total of new issues, 75 per cent |1927 in spite of the fact that the gross | will to succeed, through a fair and square day's work, each day, are consisted of offerings of companies of | income was lower. essential to your consideration. | the investment type, and each of the 2 three issues which made up this group | _Comsolidation Decisions Awaited. of your past rno;d. age, edu. A letter giving complete det g Asso DG 2d(7). 105 105 105 106 9 Pub Serv pf(6).. carried s form of “sweet. " such | The desire to ize has b hi cation, and why you apply for this position, will result in an interview t se he has o Gulf Mo & Nor.. 4% & ome form o ‘weetener, economize has brought (R P y m‘n'::;dm";n:!fg:cms?:fi:mnn on his | ATCHISON(10). .. 199% 199% 195k 1984 | Guif Stat StI(4). en Pub 8 NJ pf(7) as stock purchase warrants or con- | forth plans to consolidate the raflroads | through our loeal offices. purchases in advance instead of after | :ll;:: :::;“fl !;') ’:lz‘ lozh 6l 1% | Gulf States(rts) a1 g::‘l!r:u:'Colsn version privilege. int&lndrser systems. These would elimi- | . . 'a Y P L U g s ti ! ne has recelved the goods, ey | AUlASPowderca) 101 100" 105" Jop | Hahn Dept Stor. 4pe ’ S 6 36 3 26" | as Tolows:. Puble Hiitha $ 00N |k Iecer net mcer i s | 4 Box 135-K. Star O bankers lkewise learned for the first| AUSSPow pf(6). 104 104 104 104 |HahnDSpf6%. 3 103 | Purlty L 1260 126% 125 industrial, $7,000,000; municipal, $5.- |railroad merger plans have mnot fe- | ddress Box 135-K, Star Office thame that Digh Mal’ Waiikers went ou,‘,:;l:(-:;l“d(“” L 12 1w 11 g 9 365,000; real estate, $1,000,000; miscei- | ceived the sanction of the Interstate | i 3 . W 61 61 61 2 ", laneous, $45,000,000. | Commerce Commission. Once an im-| —— portant plan is approved, it might well | ‘The Mellon family's holdings in the ' have an effect on the price of all rail- Gulf Oil Corporation of Pennsylvania road stocks. If, for example, sanction are figured as having a present valua- Is given the plans of Great Northern' tion of $700,000,000 on the bassi of stock |and Northern Pacific to unite with ! holdings exceeding 90 per cent of the |Great Northern Pacific it might nufly! | of siyle with red flannel underwear.” | ,y,io Sajes, 25% 2T% 26% 26% Hershey pf4 New National Habit Develops. AutoSalespfid) 38 39 38w 39 | HoNndFu(ezw) “Whether we like it or not,” W. S.|Baldwin Loc(7). 260 260 254 254 | Houston 0“....' Van Dyke, vice president of the: Pitts- | Baid Loco pr(7). 117% 1175 117% 117% | Howe Sound (4, burgh Peoples Savings and Trust Co., | B#Ito & O(8) 128% 1241y 12214 123% | Hud Man(2),. seid, “and whether it is economically | BANE & Ar(3%). 68 68 &7 67 |Hudson Mot(5) sirable or not, the fact remn\[u&( ‘tln% g:-’::’::i:x‘ 2). ::'a :t‘. 43% | Hupp Mot(£2). partial payment is becoming a naticnal - sesces 23 23. 2 22% habit in America. Belding-Hemwy' 1% 131 ',":""3’:‘3;:.":;, “The major objection to this tend- | ¥t 15:.“;:1" Bih 83w E3% 83| ugianaior (1), ency is not against the idea but lis | fethiehm ¢ indian Refining. perversion through the purchase of | B0 uEan s IR RaE res). needless luxuries.” Booth Fiaha indiuan Kefs cifa Asserting that saving is not a habit that comes from . intuition, that it is Indust Rayon... 116 116 116 Royal Bak Pe not congenital but an_outgrowth of NETIKES MIEEC. 48k 4 4 46 g S SAFE FYXISRESET MORTGAGES Reis 18t pf(7)... Remingtn-Rand. Reo Mot (11) Rep 1 & 8(4). company’s stock. |have a salutary effect on railroad ‘The company in its recent annual stocks, report showed a tremendous increase slls 8l 81 81 6% 6% o g > Borden Milk(6). 182 187 1800 ,s:,",: Tnd Ref cfs(ris). 44 di St. Louis & O'Fallon Railroad. in earnings for 1928. Its operations | s <] xtond wong the Atlantle and Gult | The St. Louls & OFallon Railroad is THERE ARE NO fields. ierty than that set by the Interstate ! WORRIES It : R - = similar requests granted. Thus, although | edueation, Taylor R. Durham, presldent: ritish Empjre. mland Stl (3% ). 93% u3y 92% 2% Royal D(a1.336) 51% | Bond & Share Co. since its merger with fe ug! extend along 200 2891 290 LA Commerce Commission. If granted, it 4 4 s Y & : y - 1 o .. according to the transportation act in connection with our Tk e inLA Choak i ot meibmckwy Mol(4) 60 61 601 6w | [mePiration Ctd) 61 7 (3).... 1667 1667 164 1615 | Electric Bond & Share Securities Cor po! 0 ts, into the Southwest producing appealing to the Supreme Court for the fr::‘ :ntonCnlombll and into The Mosti | right to & higher valuation on its prop- ™ RE-]NVESTMENT 32% | Pirst public financing for Eleetric |13 possible that other roads will have Bkiyn-Man(4).. 70m 707 70 701, | \DeFboroRapTr. Y De.(6).. 96" ‘96 '96 ‘9= |voration was announced today for mext earnings would still be limited to 6 per | association, a that the vast ac- - = [t . |cent of the valuation, a favorable de- g Smnclation, argued Ml the vem ar-|ExiyamGas(s). 177 197 177% 1774 | (o aroohitutbe SulosidnouTa). 79 60" T8% 7w | WeCk in the form ot'a newissus of IO ooy Shits ease’ raiGHE eqeily cans o 69, FIRST MORTGAGES head of “American mrosperity and sel. | BLUTSwick BG)' A%k 4% dvw 4o, | jniermatAgri SUL & San Fr(3) 1143 | 900 cumulative §6 preferred no par |y s “emonshration In-the taiis as & | n - | Brunswick 3 . shares. s A ) vency. i dnsr el 0 n e I 32 .| int Cementu) . S ermoi(ey 1oae| " On completion of this financing Elec- | EFOUP. —for a term of years you will Souttiern's Earnings Compared. | Bueyruscviiig) 4sm 45u 46% 4sle | i comEDEC). Savage Arma(3) 43 |rleBenq s Bhiare will Have ot Rails and Money Rates. Kiverdehnitto sndieatsl The Bouthern Raflway condensed | SUSYTUSPL(E). 1124 112% 1125 112 | 74 GARD BECT)- Schulte (13%) 305 | Ing 730,000 shares of cumulative $6 PT: | Rising money rates have undoubtedly ave definitely and safely set- balance sheet as of December 31, 1928, | ) b el 31 3% nc Hary pe(t) SesD A nLis 1™ common stock. The common has a!Den one of the most depressing factors L § 1 shows the following interesting’ com- | purisoro8 PE(T) 104 104k 104 104 | o0 (tlv BCE) - Seagrave(e "2 | present market value of approximately |iN the market for railroad stocks dur- Ouer o Ehitd tled the disposition of your . 18% 184 184 s s Burroughs (15). 282 z82 280 280 Sears-Roe(32 3 { ing the past ve - fi i i parisons with 1927: Bush Termgz). 16 1o 3 ‘o9 |IntMer Marpf. e 33%) | $750,000,000. g the past year. Governmental rate. | funds—reaping the return with DD making and fixing a imu te of Assets. ButteCop& Zine 815 8% 8 8% }:: ';‘,"C:k;c;';"‘ Shattuck FG(2). | = ez retumn has 11mxudgme’§';:e$.5've"m?- of a P : Boad & euipment 500 510 LTI Do e M S Wk 9% g R Shell Un(1.40). v | DIVIDENDS. bilities of the rails, thus making them unfailing regularity Boa ey eavipment 356,041,388 353143 e 0. 1‘2: ,éfl'fi ]:l‘)‘h lg:~ Int PARE & Po C. : !inulnrl’nn(i). | Pe- Pay- Stock of | More like the fixed interest-bearing se- Century o : : Sy L e h357 707 By-Prodets 1% 114 - 114~ 114" 114" | Int Rys Cen Ami. Simmapet(1.605 | SR winhe p . TAET AR pesord | SIS &Ago;flcszuc;‘mc;shggr;, i 6% is very attractive—when Govi, “securities 11 28.315.081 7 s e Indl Silver pf(7) - ! AT S ;. 13 | fore, s, res ! 557 2 p Due trom other éox Galf Pucki).. 7T 17 764 T84 | (nt Tei & Terie). : SmehlzolL1Ik &My P8a%i- 49 § AB% 1 Mar 37 | money market conditions than do indus- | Without a it is sure—as in this case. f¥entorer 0 S |CallabanZme... 3% 3% 3% 3% |inter Dept S(2). i Con P Co 88 o1 (Gir L b T i Dnadsusted ftems. .l Calu & Ariz (§). 1384 138% 135 135 | Interiypect i), e Se"or i@ cinsn 130 & iy 1 Jime 13| This seems to be the reason why the | Loss ¢ . Total 5686,384,391 Cal & Hecl: 5@ 56% 5Bk 554 | Isiand Creek(4). R e ouiTa. pse3150 Q July 1 June 13 | occasional flare-ups in the rails duting You can buy these First Linbilities Paoibetib), 2eon soie B 88| ewelTea 18) G 1ee | Bodin Delvieu. A s ¥ oonb e BaTsjalNays yoned | Mortgages in any amount from A . 'acific(10). 2401 242 £ 3 .o - tempor; H o # Cason Milia 200 411 ‘a1 i %4 | Jonns-sanvia). et o ‘5E“b'“ps“.yr}',’“:ng"“'f‘?c‘e:“'g:g- Onless 25 i E Cavanah Dobbs. 36 s6w 85" o |Jordsn Motor. .. 1| b | July 1 June1s|a favorable attitude on the part of the $250 up. 2|Colotex Co (3).. 62 69 b8n 69 | Kan City Sou(s) Bj (oA pLLe). o “ O July 1 June1s | Government is indicated by a_decision || rued tax not ¢ Celotex (rights). % ~ % % % CS0prie).. T e i i do 8.8% B (o In favor of the O'Fallon road by the || Deprectation “re. Celotexpf(T)... 98 93 93 93 5 791y \.‘“:fl;fl“"m 106 class) ... .....55cMo May 1 Apr. 15 Supreme Court or by the sanction of || Barend ran iities> 00| ent AlloyiZ).. 464 46l 45% 4B% o | o e e s June 1 May 15 | 8D important consolidation plan by the | | SUrPIUS ..oun... Cent Alloy pr(7) 108% 109% 109% 1091y 1075 D"I.r :"o: 1.60 9%y " | Interstate Commerce Commission, or an | | . . - e ke —|Century Rpf(1). 75 76 74 14 18 R Co (3 oo | July 1 Junels|equally significant event, it seems im- | | . Nhal:..o. ol Cerrode las(b). 112 112 109% 110 | Keis Hayes(2).. 844 | Shand Com THI) it July 1 June1s | probable that the rails will be able to || ¢ 925 15th St. NN\W Prosietion) Aivses A nloast Ches & Ohlo(10) 2114 174 217~ 717 |KelvinaiorCorp. 15% 15% Low 154 !3iaea s S 5 ¢f% 4 Apr. 20 Apr. 1 /maintain their periodic price advances || Main 2100 25 15th St. N\W. Appointment of E. Jackson Emrich 18% 18% 1Bk | Kennecolc (4)... 984 98k 954 95's|5iyGakprie. 64t oug Bi €5 S1Q fpr. 18 Apr. 8 Unl conditlons in the money market || Sxivtin OF Ghe dorisia e wiot ithe Boaa | S A 204 200 20 | Kimney pfr)..2" 105" 105 105 105 | St6 4 & E BT 118 | do &7 BI... §38-A Mav 1 Apr. 20,as well as in the general security mar- || office of Harriss & Voss, stock brokers, | & O Corpn(3). B2 D wlnlKolater Radio.. 50% o9% KK K% | i Oof Cal(1s) T Aker Al Go TP IS SEE N | RetipeTlt: | aroused a good deal of interest-in the | (it Gt Wess of B il lialEmccphorig). st 34 3 B guoing i) St ban | oo dE e it g Apr. 18 Mar. 29 (Copyrieht, 1029) | THERE NO SUBSTITUTE FOR % pL.. ol ‘e Bbl% | Kresge (1. ee B o o b ] SIN i o ayes ¥ Co....2% Qs pr. ar. = RO S. hF PTRAAE 1 - :’i”:’.‘.fi“&"fi‘g‘i“;,,fi,"‘nie}";'.‘;n“{,; Emrich | i il & SUP. 36l 34s 3% |Kresge DeptS.) 185 1w 184 13| SGOINTLEO). * linds Sk 1 JuneR I ngtons a1’ Bect "t par ‘had | oy L SUEDE S6 B8 4 0" |WieugerBonl ML I WL Shy|Sig Pais Gnen- St i i g u CREDIT SITUATION both banking and brokerage experience. | oy Tl 8 N e | S WIRSEREO TN, M o] Std San M(1.68). ‘75 Q M, Apr. 18 g St e L » Git 4 2 REMAINS UNCHANGED: chants Bank & Trust Co., entered the | Cui m1& P (1).. 1270 12750 197" 1505, | “8Clede Gas(10) 240 240 240 240 |Stromberg 3).. n s 3 H brokerage field two vears' ago in this | ol ey Cantsy.. sarr anre Lon, 1274 | Lako vt p 29%; | Studebaker(15). R a1 | : | e osetia clty, and for some time has held mem- | Chickasha(3)... 425 o sov i |l Studebak pr(7). e 8 & i | bership in the Washington Stock EX- | Gniiduz.40) 55 53 b21e opu | o8 Lire & Rub. Submarine Boat. e 1| At the conclusion of yesterday's meet- | change. being one of the most regular | cipjje Cop (3% 122 12:" 1200 1 % | Leh Por Cmit 23 Sun Oil (g1) 75 Q Apr. 15 11 ing of the Federal Reserve Board at the | attendants at the daily sessions. Chrysier Mott3) 101 108% Jowr 1oy | Liehtgh Val Coal Superior Oil. .. [ 4% e 32 @ Mas 1 Aprl 1| Treasury, Gov. Roy A. Young said there one e el e City Ice (3.60) .. 57 87 g1 oo |Lemunvai3n). Superior Steel. 31 | 9086 cum con pf.31.30 O May J _APEl| gos no announcement to be made. Up | ymi P G Soreimew. by Sam by oh | Lennd Finka Sweet of Am(1). g Open. tos. | to noon today the board had annotnced The upward employment trend n the | Gises o F : S a3 (15 Symingion n 54% p % | no change in the rediscount rate in any P fron and steel industry Teported in | Coea-col \d). .. 150° log" 1omt Loa% ! Lig & MyTa B ¥ Telautogrph(1). 20 20 90 90 90 | of the districts. It lay for 2,000 years in the mud at January continued in February. accord- | Coca-Cola (A).. 43% 4% 48n 4so | LioeiaocomiY renn Copper(1). 18% 184 [ Va Iron Coal&C. 23 23, 28 It is the general supposition that the | the Rosetta mouth of the Nile, and ing to the Department of Labor. Cotlian& Alkmn 64k Gdv 63% Gan, | oould Car ey . Corpn(3) 64 64% | wabash 67 67% | meeting yesterday dealt with the advis- | . o Operations increased ‘in many in- | Col ¥ue) & {ron. 6¥'s 697 o ore| Lo Sl Cor part pd. 64% 64is| Waldortii )., 28% 20% ability of raising the rediscount rate in held on its black basalt surface the i e Outiock 5 urient. a5 st | Cor Gasarne (i e 12 13 purt 17 | Tar CRO (b M) e Bakiog B, 12 $5h 3% | ShG cut down stock specuition.. That key to Egypt's. hieroglyphies. Then . e C - . Ye 13 B 36 | Louistana 011, ‘."‘.r gl } ' ! . o e R | Com Credit ()% £Ls sl o 80w | LoUiwGaaa 175 41 4n 4 41" | I Falriaie) Warnerpl120) 3 e L T IR Sahara sands; and Napoleon's engi- ment increased in several of the manu- Com Cruf Biz). 25% 25% Iom 26% | Ludlum Sereers, - .'f,’z’; '33» 140, | Third Avenu Warrn Bros (16) 149% 149 dad;o. ST neers, dredging the Nile, brought the acturing centers. and a number of | Com Inv Tr(34). 165 168 166 166 . ¥ 4 724! Thomp J R(3.60) Warren F&Pire. 22% 224 V. George L. Harrison of the New 2 0} these plnnu:remmdo\'nnln;lrsc‘h!ddulten. A e ol e Ry il.udlum!nf‘ 9805 985 98l 98% | 1ygewnter ASOI A e ot 94" | York Reserve Board was also present. | Rosetta Stone up from its hiding Conditions in the ‘;exllmv ';‘usf.v Coni Solv (h§).. 264% 264% 260 260 | Mac And(12.85). 40% 40% 40% 40w | TIdWASOLIDL(6: ster-E; 14 14 |In the opinion of bankers the board place. improved somewhat. and although some | o, bower(13). 153 133 130% 1308 | McCrory 8(2). 108 108 108 108 | Tide W Ol pfe6) Wesson Oil “ 44 |[fears to boost the rediscount rate of the mills continued in part-time | Com Eohet 130 schedules & number of others Tesumed | onaoieum-Sals 1om o 1on full-time_operations and engaged ad- ditional help. 66 | further lest it prove a harder blow to | 1104 | business than to stock speculators. High THla [ McGraw Hill(2) 43% 43% 43% x| Timken RB (3). 2 1024, [ money is still the specter that hangs | The eve of Jean Francois Champol- 4% ub% 25% 25k |Mclntyre P(1).. 194 19% 191 19y | Tob Prod (1.40). H 3 214 | Tob Prod A (n). SL 8i% nfi;e suLTin PY 78 73 7215 721 | TO | Wesson O pt.(4) 66% Wes O&Sno pf 7. 1104 W Penn EI A(7). 1031y Cong Cgra (5).. £11; S s 7 Ro 1.60. 56 1 5 Transcont OIl. .. W Penn El pf (6) 97 7 97 | over the stock market. | lion, H s 2, | Consol Cgra (7). 7% B7% BT% | MoKan pt A 3% il ol L B e W Penn El pf(7) 106% 106% 106% 1061 O o scientist, fell on the stone’s Bonds to Refinance Hotel. onClsprpf(6g) 93% 93 937 tripli b : S0 1) 2y, 26w 27 2o 297 |Mack Truexss). Trico Prod 2% ) West P Popf(7) 115' PARIS BOURSE PRICES. riplicate engravings — in hiero- The Annapolis Hotel, located on H|ten "G"N‘,‘- w1 L% 2T | pucy Cocel). TruaxTraer 1.60. West Dary B... 28% b J 3 ! Tyohi e e s street northwest between mrveg(h nng m::m"p:u;' :gb,. 1:::! 2 13;'\, u;:w Mad 8q Gar 1% | TWinCityRT (4). West Maryland. 45 45 43% 43%| PARIS, March 23 (#).—A heavy ',,n,[ glyphics, hieratics, and Greek—and SmEInt Wimes, it o She Shetusios e : e Vi | Magma Cop (5. ¢ West Md 2d pf. 5 45 | prevafled on the Bourse today. Three w it ie- through an issue of $1950000 first and | Consol Textile; . 4 3 e e dh A :1’:‘;.: ELE () b g D e e e oy e | he or!(ed out a translation of pic: Tefunding 6% per cent coupon S Saniaie 10 W 0 o Elec Buply. 3 n 31% | Unton Carb almve, per c;:m loan, » g-nc;?:ofl_ cen ture-writing which unlocked the bonds, dated April 1 and maturing in | C: E v land OIl..... a es. Exchange on London, ancs from 5 to 20 vears, according to an- | Cont 5::::.‘: Sk e o 61| Marmon Mot (4) i e 22 centimes, The dollar was quoted at doors to Egypt’s glamorous past. nouncement by Harry Wardman. who (ont Bakink B, 70, 10, Wi ¥ May Dept 8(4). . Un Pacific pf(4) P 25 francs 59% centimes. < pres lis, Inc. | T oo s being. put out throughe | Contl Insur (2 £3 s3n &1, g Colonial Bankers, Inc. The bonds will | {Oni Moti8Ue), 220 225 22 Westhse 1st(4). 144 54 457 | Weston Electrie. 31% 2% 23% | waston A(2)... 34 Maytag (12) Maytag pf (3) Meiville 8h 1.10. Utd Biscuit 1.60. Utd Cigar 8t(1). SHORT-TERM SECURITIES. Capital is the Rosetta Stone of fi. 3 1d El Coal. . 5 % P . be offered at 100 and accrued interest Sora Broalan- . (Sinedin e e G sty R WhitsEagiait). 3a (Revortéd by J. & W. elisman & Co | nance; with it, you can translate t ceeds used to retire present | Ve > g Mexi, Seab. .. p b o er = i T e o e s | Crousy a3 1 181" 168 130 MamRENRE 2, 3, | Whie heen Gy 45 e oot o B yér investaiast phee ioto vask. . A stated. | Eiecarsntins 8 8w, 8 |Miaicontra) U'S Diatributing 101, g || NILS BewiuEs 2T Amer "Tel. & Tel Co. 43 1920, 09is 99 | small savings fund, placed now in Finaneial District Notes. | Ciba Company.. 194 194 19 IR OteT e g o o | Wilcox (A) 2%. | R our 6% First Mortgage Notes, will Assistant Cashier T. Blackwell Smith | Cuban-Am Sug.. 11 1l 11% Miller Rubber.. 26% 26 [ U S Alcohol (8. 140, g9 | Nilcox Bieh i, e ive you in future years the capital of the Commercial National Bank, who Cuban-A Sugpf. 68 65 65 @5 |yoyanaTes.. 48y 48% 8 48| U8 Leather. 24l e | Willlentiv el 20 giver o 4 Lok has been attending the American | Curties Aerol). 180 150 145 *1 Mo K&Tex ufi7) 103 103 103 108 |U S Realty(é).. 0w guag| Wl G pEA . .2 e vou will need when your big oppor- Bankers' Association savings conference | Curtis Pu ‘( ). 5 s 1. | Missourt Pacific 794 79% 7714 77% | U S Rubber.... ¥4 5Bl Woolworth (§) —00l 2000 197% fhiat in New York, will return Monday. GurtisPubpr(i) 115 11%% 113% 113% | MoPaeifie pf(6). 133W 133 131 131 | U8 Kub 1at pi.. 870 874 | Worthn Pump.. * 495 d9% 49 tunity for investment comes. The volume of money turnover during | Cuyamel Krult.. 77 774 7% 74| \opwk Car2%. 73 13 2% 724 |0 S Smelt(3%). 675 - 67 | WEINBCAEOCR). 261261 256% the week ended March 16, as indicated | pavison Chem.. 614 61% 61 614 | Mont Ward 2% . 126 127% 121% 124% {U S Sm pf(3%). 545 544 | Yellow Truck 40 4013 387§ by check payments, was smaller than | el & Hud(9).. 190 190 189 |89 Mnon Motor. . .. 6'a LS [ L U 8 St Yel Tr & Co p! 90 20 90 in the preceding week, but considerably | Del L & W(17), 129 129 1287 128% | Mother L (40¢). Bl bl Y 5% | U S St . Young Sprivg.. 60 60 59% 5914 greater than a vear ago, according to | Den RG Wn p 66\ 66'% 66 68 Motion Pio Corp 38 3R% 354 35% (1S Tobacco(3). 94% 94% | Youngsin 8h(b). 120% 121 120 1241',»‘ wApTlrll. the Department of Conmerce. | DevokRayn(id). BT B7ia bbt 86 |Motor Prodi2).. (8" 185 184" 183 | UniLeat Tohid) ven n the avave tasi | Himble, S S48 3 The attendance at the next meeting | Devoe&R 1st(7) 114'%s 114% 114'5 114}y | Motor Whi (3).. 4 44 44 4" Un L ments based on nternat. M 'orp. Q H of the fiduciaries section of the Diamond M (8). 152 162 152 152 |MulinsMfg.... 61 64% 6315 63l | Uni Pic ist pf(8) Siracp Shore Line t.1920 "’EEM tNSEY o Bankers' Association 15 10 be most| Dome Mineacl) 9% 9% 9% 9% |Mullinspf(7).. 95 95 95 95 |UnivPiped& Rad i Co. 5 ” gratifying, according to the number of | Drug Inc(4).... 116 1168% 115% 115% | Munsingwr(3).. 54 54 b4 54 | Ut PEL Ate2). acceptances already received hbvzsfl;: Dunhill Int (34) 70 70% 69% 69% | Murray Corp. committee. The meeting is on the 29th. | Dupontde N(4) 184% 185 182% 184% ) 3 ST S vt Dug Lt 15t(§) 99% 99% 99% 998 Nash Motors(§). 104'a 106% 103% 103% Chicago's fourth annual High School | Pirham Ho: Th Th Th Th Shell Union . Sinelair Crude Oll ll'l !;. L., Ir. Mt. & So. 3 us 8 | Bt utl i plug 3o *1h | Swift'& Go. &' 193 ausrterly o | Union Ol Co. of MORTGAGE BANKERS 727 15 STREET N. W, WASHINGTON D.C. / Vadasco Sales Vanadium (14). Nat Acme (1)... 33% 33l 320 32% | Van Raalte Nat Bellas H$1. 61% 61% 60% 60% Vick Chem(4 7 Lyt e ‘auarfacly in | Onited Drug Co. 8s Glee Club contest attracted 1,600 Eastman(t8) .. 179% 179% 179% 179 Natl Riseuit(17) 175 176% 175 175 Vietor pr pf(7). o ioce lus West rn Electrie Go. sudents from 13 schools. Baton Axle (3. €6% 667 66l 66 NaPCash Regt4 137 13749133 1344 Va-CaroChem., - o P ieeilns Sieel Gorp 8 L students &