Evening Star Newspaper, March 25, 1929, Page 14

LYSaTREITINRECIIIRNGE 14 % FIN ANCIAL, IASHINGTON GAS INCOME HIGHER: Dank Stock Hits New Peak on; Exchange—Fifth District | Trade Improves. BY EDWARD C. STONE. i Open. High. 40 41 Bl 81% 142 144% Abitibl Power... Aoitibt Po pf(8) Abrahm&Straus Ab&Straus pf 7. Adams Exp(6). . Adams Miilis(2) Adv Rumley.... Adv Rumley pf. Ahumada Lead.. Alr Redctn (13) . Ajax Rubbes Alaska Junea... Albany Papr(2). Alleghany Corp. 110% 110 551 30 8915 89 551 301 Vet carnings of the Washington Gas | Alleshany A 5% 1004 100% Light Co. for the month of February |y ;100 Chemsone S04 S50 3 | Aliled Cm pf(7). 121% 121% 10wed & galh over the same period ! 4|10 0m PICI). 1214 121 it year, according to the monthly |'Ainerada(z) 93% 53% ‘atement filed today with the Public | Chm 18% 18 " S Am Agricul Chm 18% 18% ities Commission. AmiARTICHBE.. 61 S1n The net income stood at $130.426.03, | Am Bank N(13). 120 - 120 in comparison with a net of $127.377.71 | Am Beet Sugar, 16 16 in February, 1928. Operating revenues | Am Beet Sug pf. 52 52 cmounted to $556977.16, as against | Am Bosch . 56% 56% £553,158.91 in the same month a year | Am BrSh(h1.60). 54's 56l &go. ! Am Brown Bov. 2313 26 Operating expenses totaled $327.325.66 | Am Brown Bopf 75 - 76 in February this year, compared with | Am Can (t4) 121% 1234 5333460.71 in the corresponding period | AmCar&Fdy (6). 101 101t last year. The usual deductions left a |Am C& F pf(7). 11714 11714 total operating income of $188,596.69, |Am Chicle (2).. 52 b4 in comparison with $180,430.75 in Feb- | Am Drug (60c).” 9% 9 ruary, 1928. Am Encaus (2).. 40'% 40% Am kxpress(6). 215 318 Bank Stock at New High Mark, Am & For Pow.. 102 102 Stock of the Washington Loan & |Am&ForPo(rts). 1% 1% rust Co. sold at a new peak on the { AM&For pre7) 1065 1065 Washington Stock Exchange when 10 |Am HawaSS(1). 27 271y hares moved at 545. The last sale in | A™ Home Pr3) 81— 81 this issue was recorded at 523. 'A‘:“ i: 2;::;{1}’4 :‘_’ g&’ Capital Traction, scling ex-dividend, i e closed 7 of a point higher today than | 4™ LaFr&Foam 63 6% on Saturday. It opened at 96, went to| AT LOCOMmOl(). 116 117w 954, 96%, winding up the day at 967, | AT Bree FI(0. 171 171 the sales being only. 10-share lots. ' | AT MeIaIaU) . 0% 60K Sand & Gravel preferred | 4T NovonoiiF) 121 121 x-dividend today at 92 and 92Va. | A Biano.oorr 0% 104 The rest of the trading was in bonds.| am p & I, ( 10315 104% Georgetown Gas 5s moved at 101 on & |Am P& LtA(3), 75 75 £2.000 and $3.000 turnover. ion Gas 6s. series A, figured in a $500 sale at 1027, while a $1,000 B bond old at 105. Potomac Electric Con- s 01:1‘!)1 ;5\ recorded a $2,000 trans- for a Georgetown Gas Net Higher. The Georgetown Gas Co. also report- ~d a larger net in February of this year, cempared with a year ago, fled with the Utilities Commission showed a net income of $16,822.3, as cgainst $15,014.20 a year ago. Total operating revenues amounted to $98,723.56, compared with $84,691.72 a Washing- | Am Am Radiator(5) Am Ry Ex(6). Am Republi Am Saf Raz.ro) Am Seating(3).. Am Ship & Com. Am Shipbldg(8). Am Sm&Ref(4).. Am S & R pf(7). The 1eport | Am Snuft (12) Am St] Fdvs(3), Am Steel Fy rts. Am Sugar.. Am Sumatra(3). P&Lpf sta 5. 177 177 150 1 b4 T el(9) 214 214% vear ago. Expenses took $72,577.98 this :: T;]b:::‘o(;)f. 167% 13': vear, while they were only $62,893.19 167% 167! in February, 1928. 120 120 5 Other deductions left a total operat- . 145 145 ing income of $20.660.97, against a net | AmWW&EI(el). 84% 84y operating return in February, 1928, of | AmWW1st pf(6) 100 100 $18,807.93. Am Woolen..... 20% 20% Fifth District Trade Improves. « |AD WritPactfs 12 12a Retail trade in the fifth Federal Re- | Am Zinc pf. « 1047 106 serve district has taken a jump with | Anaconda (7)... 163 165% the arrival of warmer weather, ac-| Anaconda (new) cording to the latest reports to the | Anaconda (rts 3 Federal Reserve Bank of Richmond.|Anchor Cap2.40. 55 55% While February business was slightly | Andes Copr (3).. 62 62% below the same month a vear ago, it | Archer Danls(2) 40% 40% is now predicted that March will show | Armour Delpf7. 88 88 2 substantial gain over the correspond- | Armour Ill(A).. 1d% 14% ing month in 1928. © |ArmourI(B).. Tw T The most marked improvement in|Armour INpf(7) 78 78 sales in the agricultural districts has | Arnold Con&Co 28% 281 been in fertilizers. Farmers have been |Art Metal(1%). 291 291, holding off their orders, but have gone | AssoDryG(2%). 60% 61% into the market much more freely dur- | Atchison(10).... 198% 1991 ing the past few days, the Richmond |Atchison pf(5).. 103 103's Bank reports. Seed houses are experi- |AtlGulf & WI.. 4315 44 encing a lively increase in their busi- |At1Gulfpf (4).. b4 51 ness. Atlan Ref(11%) 61 62 Twenty-three important banking cen- | AtlasPowder(4). 99% 99% ters in the district, for the week ended ! Atlas Tack..... 12 12% March 15, reported deposits of $310,180,- | Aus Cred(4.49).. 61 61 000, as compared with $287,323,000 for | AutoSales...... 27 29% the' same period last year, AutoSalespf(3) 39 39 " mg}&wna‘y constix;:xcgicgmmhying an | Autostrap A(3). 45 45 Impor part. ) g employ- 25 ment throughout the district. Road | Bareaarns . Toos co work is now general and idle labor is Balto & O pf(4). 79% 79% being rapidly absorbed. Particularly Bambgr pf(6%). 109% 109% large road construction programs are Bang & Ar(3%). 66% 66% being shaped in West Virginia and | parker Bros(2). 30 30 North Carolina. Barnsdall A (2). 431 434 Conditions in Other Districts. BeaoonOil..ooe E24 224 In the New York district better | persmoinocisy. 14 o4 weather and the approach of Easter Belg N Rpf(16). 82 82 have helped industry. Improvement in | pe8 3l PIIIS). S8 B2 e figee s "E‘igm% Interests o 8150 Bethiehm SUI(6) 101 1031 noted. ports M- | Beth Steel pf(7) 119% 119% provement. The shoe industry s oper-| gjooingdale... 51% b54% ating close to capacity, but jewelry sales | g Wt S E Se e 6% 6% }‘ar!Mn:gh have been 15 per cent below | gty pich Tr™ 50 50% ast year. 4 I The Philadelphia district claims busi- | BORAMIA(O.. 804 801 ness expansion because of an increase | prioolyeonco” a5 5% in check payments of 17 per cent over | gHEES VIERCE 454 45 ast year. More employment in cloth- | grostvy Fol4) 60k 0% ing plans is reported in Cleveland. Chi- | B¥A-NER(8ec, T0 TL (ago reports healthy business despite | gi¥-gien DU S0k B0 ‘oan reductions by banks, while St. B ek B(3 91, 91, Louls hopes for industriai expansion |Brunswick B(3) 49 4o curing the next month and notes im- | Bruzswick Ter.. Sl 3l rovement in building operations. oot il e Dlty separis o N N BOAIEY.: 3k 31 ~3e dally sales, San Francisco reports B hs (15), 280% 281 Jaat wages are higher and pay rolls | Burroughs (15). 280i 28 arger than at this time a year ago.|BushTerm(gl). 70 70 Atlanta is expecting much benefit from | Butte Cop & A k - Byer&Co...... 160 162% 2 T“'nt!)l"id?flfl: D::hl:d»f dires. | BEROSCtB 12 114 114 a meeting of the ard of rec- 7 ‘ors of the Lincoln Investment Cor-|SaifFacket)... 76 76% voration held at the offices of the| o) le'Ariz (6). 136 136 ompany in the American Building it | G2 Fiaea 0y, ‘s0% bos vas voted that the regular quarterly o 'n Meuil) 5" gy dividend of 11, per cent on preferred | Sa2 DI¥ t14%). 51 8% “‘ock outstanding, as of March 25, be | Gan PaUICL o0y aid to stockholders of record on that i A dividend of 25 cents per share voted on the common stock. The vidends are payable April 1. Caro Clin&0(4) . Car CI&O sta(5) Case Thr pf(7) Cavanah Dobbs. Couthern Dairies Earnings Compared. | Celotex Co (3).. Following the announcement that | Celotex (rights). % Southern Dairies, Inc., earned $1.44 a |Celotexf (1) 9§ e chare on the class A stock in 1928, | Cent Alloy(2)... 45% 45% ozainst a much lower figure in the pre- | Century Rib M.. 16 16 vious year, the following comparisons | Cerro de Pas(6). 112 112 ‘rom the consolidated income accounts f":‘]‘"':::"‘, §;° gg* g‘,’,"" cf 1928 and 1927 are presented: ertain- 5 1927, Certo (14) 60 60 "ot seles 54 s11476.613 | Ches & Ohio(10) 217 217% v ele 210,03 9ns,g'figfi?rvn(zl.. f;‘& f{l,‘m an, S1.4s1.710 | € ton...ue T oaia 7= 143138 [ Cni & Alton pE.. 204 204 - ~—————— | Chi Great West,, 17% 184 Tnterest moome $1,488.883 | Cii Gt West p.. 55% 55% Depreciation ... e ChiMII&StP.. 34% 344 POl oween 2000 | Chi Mil & StPpf 554 55 1in. int. oth. ded. < !1&”5 Chi & Nwn :‘7)'_ li‘p\‘ ‘53[, Net income veees 3303, $113,046 | Chi&Nwn pf(7). D 4 Both the class A and class B stocks | Chicago Pn Tool. 31% 31% are listed on the New York Stock Ex-|Chi PTDI(3%). 49% .so',\. change, the A stock selling around 38 |CRIRI&P (7).. 126 126 and the B around 14. TR T T Childs(2.40).... 2 2 Corporation Stability Noted. ChiteCop (334). 121 121 In a review of certajn industrial re- | Christi B(1.20).. 110 110 ports, G. M.-P. Murply & Co. says: | Chrysler Mot(3) 106 107% “Annual reports of industrial com- |City Ice (3.60).. 57 é;"« panies coming to hand daily bear out | City StoA(3%).. 50 50 the fact that 1928 was a prosperous | City Stores - é‘?‘ éax year for American industry in so far, -'"'""“b" ). uf;;fi Y at least, as the lerge units were con- &‘;";‘l’:fi'}“) o 1340% cerned. oo o1 L 2 strong financial position with cash on | Colaat Alkmo 884 BX hand ample for operating requirements | 501 &£ Al PE(T). 95 88 and frequently sufficient to provide a (Z0} &“saouufnui gt v surplus for investment in securities or | o1 & Southa(d) L3 178 for employment in the call loan market. | Co| fot (8100 T3 T The significance of this condition lies | SO @28 gL Il 142 1420 not so much in the additional income - DN b § Col G&E pfA(6) 104% 104% thus obtainable as in the stability s a strong treas position g Col Carbon t43%. y e TR Com Credit (2).. CHICAGO DAIRY MARKET. |Com Ciistolsk CHICAGO, March 25 (#)—Butter—| com Inv Tr(34). Unchanged; receipts, 12,096 tubs; | Com Solv (h8).. creamery, s, 45',; standards, 45% | Com Power(12). extra firsts, 45a457,; firsts, 4434; sec-|Conde Nast(2).. onds, 44a44',. Egg\fUnrhagaP ;g' Congoleum-Nalir reicpts, 43,086 cases; extra firsts, 28; firsts, 27; ordinary firsts, 26a2615. S Poultry—Ali easier; receipts, 2 cars; éo‘"ol Cgrs "')'_ B fowls, 29a32; Springs, 22a34; broilers, 35 | Consol CEra ). 5% o a50; roosters, 23; turkeys, 20a30; ducks, Comsol Gas (3).. 101% 106 24a30; geese, 21. ConsolGaspf(5). 99 100% S Consol Textile.. 3% 3% Resign From Foreign Service. |ContainerA10 20 ' 20 The President has accepted the resig- | Cont Baking A. . 60:’/1 60% nations of Robert R. Patterson, Michi- | Cont Baking B.. 9% 9% gan, as third secretary of legation at|Cont Bakpf(8). 914 914 Bucharest, Rumania; Randolph F. Car- | Cont) Can (2%). 75 774 Toll, Virginia, as consul at Rio de Ja- |ContlInsur (2). £31 83l iro, Brazil, and H. C. Spruks, Penn- | Contl Mot(80c). 2% 21% as vice consul at Warsaw, CornProd t3%.. 8% x3l; —w.. CornProd prii). 14l% Lilh L\l Low. 0% 'y 110% 551 3014 79 80 39, 100% W 67 17 294 100 270 121 175 321 17% 58% 119% 15% 501 52% 52% 23 75 115% I 9 117 60% 9 3945 815 Y01y 3:15. 40 Blly 135% 110% 551 3%, 100% 8l 67 100% 270 121 175 3215 175 58% 119% 15% 501 528, 525 23 76 1163 o 117 50% 9 391 318 90% 1131 170 60% 0% 85 110% 135% 135% | 194 T4y 50 210 165 165 120 145 197% 103 41% 54 i 240 119% 9% 109% 6614 30 41t 2% 83y 13% 82 8014 T8ty 113! 170 60% 120% 85 10% o7 110% 194 4% 50 210 165 57 197% 103 41% 54 581y 97 245% 119% 9% 109% 66l 30 414 21 8014 39% 4T% 29% 25% 43 31% 276 67% 8 914 30 151% 112% T4 EL 127% 51 825 230% 38 91% 99 126 35 68 105 20% 50 59% 214% 80 81 491 124% 43 4815 112% 110 100 57 50 22% 630 1134 128 484 10414 0% 130 43 981 248 126% 8 22% T8% 8514 26% 102% R2w, 14lh 40 47% 291 354 48% 31% 276 67 8 9% 30 151% 2% 4% 3ia 127% 52 82% 230% 38 91% 99 126 68 k. 93 43 14% 105 20% 50 59% 143 80 14% 18% 15% 51 33% 54 83 81 50% 124% 43 49 2% 110 100 57 50 22% 63% 113 130 48% 55l 5 2 66'3 104% 70% 130 18 14 | Equit Bldg(2). . 2 |Gt Nor pf cfs(5) THE EVENING STAR, WASHINGTON. D. C. MONDAY, MARCH 1929. 25, ' Open. High. Low. 3:15. Coty. Inc (g2)... 64% 66% 60% €0% Cresley Rad (1). 105% 106% 98 98 Cruc:ble StI(5). 88% 88% 86% 867% | CubaCareSugar. Cuba Cane Su pt Cuba Company.. Cuban-Am Sug.. Cuban Dom Sug. Cudahy Pkg(4). Curtiss Aero(1). Curtis Pub (6).. Cutir-Ham (2% ) Cuyamel Fruit. . Davison Chem. . Del & Hud(9)... Del L & W(t7).. Den RG Wn pf.. Detroit EA(8). .. Devo&Rayn(13). Devoe&R 15t(7). Dome Mines(1). Drug Inc(4).... Dunhill Int' (34). Duplan Stk (1). Dupont de N(4). Du Pont deb(6). Durham Hos. | Eastman(18)... Eaton Axle (3).. Eitingon (2% ) Eitingn pf(613). 100 100 Elec AutoL t4% . 150% 151% Electric Boat... 16% 17 Sleclow&Lt(1). 65 66 ¢ P&LEDE(T) 106 lec Stor B (5). ik Horn....... m Brantgm(A) i nd-John(5).... | Eng PubSer(11). Ing Pu S pf(5). EquitableTr(12) ErieRR.. Erfe1stpf...... Eureka Vac (4). EvansAu L $214. Exchange(1%). Fuirbanks(3) Fashion Park. FedLt&Tra 11 Fed Mot T(80¢). Fidenty-Phoenx Filine's (64)... First NatSe1%). Fisk Rubber. ... Fisk Rubber rts. Fleischman 3% Florsheim (A) Follansbee 2% . Foundation Co. Fox Film A(4) Freeport T (4) Gabriel Snub A Gardner Motor.., Gen Am TC(34). Gen Asphalt. Gen Cabl Gen Cable A(4).. Gen Cigars(4) Gen Electrie t6.. GenElec sp(60c) Gen G&EI A 1%. Gen G&EI B 1%. Gen Gas pf A(7) Gen G & El A(8) Gen Mills (3)... Gen Mills (rts).. Gen Mills pf (6) Gen Motors (3).. Gen Mot pt(7).. GenOutdrAd(2). Gen Outdr Ad(4) Gen Ry B1g(6).. Gen Refrac(3) Gen Refrac(rt Gillette S R (5). Gimbel Bros. Gimbl Br pf(7).. Glidden (t1%).. Gobel (Adolph). Gold Dust (new) Goodrich(4).. | Goodrich pf(7).. Goodyear Tire.. 1 Goodyr 1st pf(7) Gotham H (2%). Gothm nv(2%).. Gothm pf exwar. Graham-Paige. . Grhm-Paige cfs. Granby (6)..... Grand F&W (1). Grand pf(6%).. Grand Unon. . Grand Un pf(3) Grant W T (1).. Grt North pf(5). GrNorOr cfs 3% . Grt Wn Sug 2.80. Greene Cana(8). Guantanamo Su. Gulf Mo & Nor... Gulf Stat Stl(4). Gulf States(rts) Hahn Dept Stor.. Hahn D S pf 6%. Hartmn B(1.20). Havana El Ry... Hershey Corp. .. Hershey pf(4).. Hershey pr pf(6) Hollnd Fu(e214) Hollander & Son Hud Man(2%4).. 45% 454 Hudson Mot(5). &7 89% Hupp Mot(£2)... 70 170% 100 1414 15% 6014 10614 NEW YORK STOCK EXCHANGE Open. High. Low. 3 McGraw Hill(2) 434 43y 43la 431 McKeespt TPl 72 72 70 70 McKes&Ro 1.60. 544 54's 5l 51% McKsn pf A 8% 57% 57% 56% 50% 991 4 Mack Truck(6) Mackay pti4). Macy Co (¢2). Mad Sq Gar 1%. Magma Cop (5). Mallison &«o. Mandel(2%).... Man Elec Suply. Man £i m2g(db) Man Skirt(z). .. Maracaibo Off. 15t Marland Oil..... 38% Marmon Mot (4). 7 Mathieson(6). 190% May Dept S(4) 85 Maytag (12).... 21% Maytag pf (3 41ty Melville Sh 1.10. 584 Mengel Co...... 24% Mexican Seab. .. 47 Miami Cop (2) 45% Mid-Cont P(2).. 33 Middle States. Mid States ctfs. . Midland pft12) Miller Rubber. Minn & St Lou! ! Mo KKan & Tex Mo K&Tex pf( Missonri Pac MoPacific p Mohwk Car 274, Mont Ward 2%.. Moon Motor. Mors& sk (3 Mother L (40c).. Motion Pic Corp. Motor Meter A Motor Prod(2) Motor Whi (2).. Mullins Mfg. Mullins pt (7) Munsingwi (3) Murray Corp.... ash Motors(6) Nat Acme (1). Nat Bellas H $1. 1% 104% Nat Dept Stores. Nat Distiliers. .. Nat Distillers pf Nat Lead(6). ... Nat Lead pfA(7) t Pow&Lt(l). t Radiator. at Ry Mex 2d.. Nat Supply (18). Nat Tea (1%)... Nevada Cop (3). N Y Alr 8r(3).. 46 44% 44% N Y Central(8).. 185% 186% 18314 184 NYC&StL(6). 130 130 129% 129V N Y CStL pf(6). 106% 106% 106 46 NY NH&H pt(7) N'Y Ont&Westn. Norf & Wn(110) NorAm blv%stk North Am pf(3). No Germn Lloyd Nortn Pac(s)... Nor Pac cfs(5).. Norwalk Tir Ofl Well S pt. Omnibus.... OppenhmCol (4). Otis Elev (6).... Otis Steel. Owens Bot 9419 94'% Pacific Gas (2).. 56% 56 56 Pac O1l Stubs,.. 1 1 1 Pac Tel & Tel(7) 180 180 184 Packard (13%).. Pan-Am Petrolm Pan-Amer Pet B Paramount-F-: Park & T11(33).. Park Utah(80c). Patino M (3.89).. Peerless Motor. . Penick & Ford. . Penn Dixie Cmt. Pa Dix Ct pf(7). Penn RR(3%).. Pere Marq (18).. Pere Mard pf(5) Pet Milk (13%).. Phila Co pf(3).. Phjla& RC&I. Phila&R C&I rts Phil Morris(1).. Phillips P (1%). Plerce-Arrow. Plerce Oil... 11 p! Plerce Petrolm. . Pilsbury (1.60).. Pirelll (A) 2.88.. Pitts Coal pf.... Pitts & WVa(6). 134% 1341 134% 134 Por RicoToA(7). 85 85 834 8314 PortoRicoTobB. 45 45 40 40 Postal T&C pf 7. 102% 102% 102% 102% Postum(3).. 6814 68l 65% 65% Prairie Oil&Gas. 60 60% 60 Prairie P L 3% Pressed Stl Car. “Pr Stl Car pf(7). Produ & Refinrs. Public Serv 2.60. Pub Serv NJ rts. Tllinols Cen(7) 136 IndO&Gas (2). ‘83% 3% &2 82 |Eub STy OUO.. Indlan Mot (1).. 25% 26 254 25% | pyman Co(4) Indian Refining. 374 39% 35% 36% | punta Aleg Sug. {ngnn §°§ ms'). au-. 4% 3% 3% pureoil. s ndian Refgeifs 36% 87% 33% 34 IndRefefs(rts). 3% 4 8y g |0l Baking.. Ingersoll-R(16) 130 131 130 130 |Radlo (new).. Inland Stl (3%). 93% 93% 91 92 |Radiopf(B).... Inspiration C(4) 59 60% 54% 54% | Radio-Keith(A). InterboroRapTr. 453 43% 43% 44 [RSCefs(4).... InterconRubber, 11 1% 11 11 |ReadingRy(4) Internat Agri... 14 14% 14 144 | Real Siik Ho IntAgChpf(7). 81 81 81 1 | Rels(R)& Co Intl Bus Ma (5). 157% 157% 156% 156% | Remingtn-Ra IntCement(4).. 90 90 87 87 |Rens&Sara (8). IntCom Engi2). 80% 80% 73% 74 |ReoMot (f1).... Int Comb pf(7).. 1114 111% 1il% 111% | Rep1&S(4) Int Harv (2%).. 106% 106% 100 100 |Reynolds Spngs. Int Harvpf(7).. 142 142 142 142 |Reynlds (B)2.40. Int Mtch pf 3.20. 86% 87% 83% 84% | RhineWE(1.92). 58 Int Mer Marine.. 3% 6 5% 5% | Richfield Oil. 42 IntMer Marpf.. 4L 41 39 39 |RioGrandeOil2, 3814 Int Nick.Can 80c 7 49 49 |Rossialns16%. 280 Int Pa&PoA2.40. 32 32y |RoyalBak P(1). 81% Int Papr & Po B. 20 20 | Royal BakgP pt 99 Int Papr & Po C. 1o Royal D(a1.336) 51 Int Pa&Po pf(7) 90V 89 8 B ) 604 Int Prig Ink 2%. 56 56 54% b5in S:::w-; ;llm.. oo Int] Salt(5)..... 83 83 80 80 |gijoc’ ean 13). 69%% Intl Silver pf(7) 116 116 118 116 |giy % san Fr(s) Int Tel& Tel(6). 237 247 237 246 |g['aSanF pf(6) Inter DeptS(2).. 78 18 77 17 | iT&Southwest. Intertype(11%). 80% 31% B804 30% | govaCe Arms(3) Island Creek(4). 60 60 60 60 |gohulte (13%) 30 Jéwel Tea (16).. 143 143 139 139 0 110 Johns-Manv(3). 180 181% 170 170 . 17 0 1TH 17 174 Jones&Laupf7. 121 121 121 121 |Seagrave(el.20). 17% 1T% 174 17% Jordan Motor... "11% 1l% 10% 1i |Sears-Roe(i2%) 1524 158 147 147 KanCity Sou(s) 83 834 81% 2 |SRRech CORRELy .0, 130% 1271?; 12724 KanCSopf(4).. 67% 67% 6T% 67% 96.4 3 i Kautmn DS 1%, 29% 20% 27% 27y | ShellTracasad) 46, 2 Kayser J(6).... 79% 80% 783 79 |Shell Untiael. s Keith-Al pf(7).. 107 107 100% 100% | gymmon o gy | S Kelly-Spring.... 18% 18% 17% 17%|gmmine (] 6oy 19% Kels Hayes(2).. 53% 53% 52 83 |ginoiair ol f23 a7 Kelvinator Corp. 15 15% 18% 13% | qifivig o) 2a% Kennecott (4)... 95% 95% 894 90 |SHEi¥ oo s 1% Kinney (GR)... 57 584 57 58% [gopo R Sut2%. 36 Kolster Radio... 59% 59 53 58 'S0yl Cal Bd (3) 58% Kraft-Pho(1%). 34% 34% 34 84 [coMt b0l i ') 39 Kraft pf (6%).. | Kresge (1.60). .. Kresge SS pf(8) Kresge Dept 8.. KressSH (1)... Kreuger & Toll. Kreuger&Co rts. Kroger Gro(cl). LagoOfl........ Lambert Co (8). Lee Tire & Rub. Leh Por Cmt 2% Lehigh PC pf(7) 248 | Lehigh Val Coal 126% | LehighVal(3%) 78 ! Lehn & Fink(3). 224 | Lig Myers(15). . 765 | Lig & Myrs B 15 1 |lima Locomive 8514 | Link Belt (2.40). 261, | Liquid Car 14% . 1021 | Loew's (13).... 100% | Loew’s pf (6%) . an | Loft. .o eue 18% | Long-Bell(A). .. 874 | Loose-Wil 2.60.. 66% 66% 59 | Lorillard Co..,. 23% 23% 914 | Lorillard pf( 88 88 91 |LouisianaOil... 144 14% 70| louls GasA 175, 40% 4% 5214 | Ludlum Stletts. 72 72 19' | Me Call Corp4) 73 73 #2% McCrory B(2).. 107 107 141% McCrory p£(#).. 117 117 a 2% 2% 103 103 115% 115% 18| SpicerMfg pf(3 South Dairies B. South Pact6). South Ry(8) Spang Chalfnt Spen Kellog 1. Spicer Mfg. . Spiegel Co (3).. Stand Com T(1). SIAG&E (3%). Std G & E pfed). Std O of Cal(13) StdOIINJ(t11%) . StdO:INY (1.60). Std Plate Glass. Std San M(1.68). Stewart-War(6) Stromberg (3).. Studebaker(16) . Submarine Boat. Sun Oil (g1) Supertor O1l. Superior Steel. . Sweet of Am(1). Symington. ..... Symington Cl A. Telautogrph(1). Tenn Copper(1). Texas Corpn(3). TexasGulfSul(4) Texas & Pac(5). T&P C&O(b2%) Tex 1.4 Trinew) The Falr(240).. 17% 40% Received by Private Wire Direct to The Star Office Open. High. 7 ’Thump.’ R(3.60) Tidewater AsOIll TIdWASOIDL(6} TidewatrO(80c) Timken R B (3). | Tob Prod (1.40). | Tob Prod A (n) Transcont O11. . Transue & W(1) Trico Prod (2t ) TruaxTraer 1.60. Truscon § $1.20. TwinCityRT (4). 4Tl * 20 87 47 20% Undwa-El F (4) | Un Bag & Paper. Union Carbe6) 8 Un 01l Cali2) 4914 Union Pac(10) 211's Un Facific pf(4) B2% Utd Biscult 1.60. 44 Utd Cigar St(1). 23 Utd Elec Coal... 50 Utd Fruit (c4) 135% US Cast Ir P(2). 44 U S Distributing U S Distrib pf(7) U'S Hoffman (4) S Alcohol (¢ tub 1st pf.. meit(314)., m pf(3l3). el (7). el pf( Tobacco( £ Tob(2) 1c 1St pf(8) Univ Pipe & Rad Util P&L Ate2). Vadasco Sale: Vanadium (14).. Vick Chem(4)... Vietor pr pf(7).. Va-Caro Chem. . Va-CarCh 6%pf. Va-Car Ch pf(7) Waldorf(1%) Walworth(1.20). Ward Baking (A Ward Baking B. Ward Bak pf(7). Warner bLros Pie Warner pf(2.20) Warner-Qu(z).. Warrn Bros ( Warren F&Pipe. Wesson O pf (4). Wes O&Sno pf 7. W Penn EI pf(7) West P Po(6)... West Dairy B... West Maryland. West Pacific. ... West Pacific pf. . W U Teleg (8).. Westhse A B(2). Westinghse(4) Weston Electric. Weston A(2) White Eagle(2). White Mot(1)... White Rock (3). White Sew Mach Wilcox 01l & G.. Wilcox (A) 234.. W:lcox Rich B.. Willys Ov c1.20. Wilson & Co. Wilson Co pf 66 110% 107% 108% Woolworth (6).. 1981 199% Worthn Pump. 48'3 481y Wright Aero(2). 251% 259 Wrigey ((13%). 7 Ta% Yellow Truck. 39% Young Spring.. 59% 57 Youngsin Sh(5). 120% 120% 117% 117% Hourly Sales on N. Y. Market. 10:30 a.m.. 464.000 12m... 1.814,600 1:30 p.m. 3,276,000 2:15 p.m 4,305,900 Dividend rates as given In the above tavle are the annual cash payments on the jus : Plus 207 k Plus 1/120 shafe guarterls m Payable /10 share quarterly in Elear "Stores’ common. stock. B Pl 1% % in stock. Wall Street Briefs By the Associated Press. Municipal security offerings sched- uled for this week total $58,031,253, the largest since the second week of Jan- uary, when $58,076,994 in bonds were offered. Included in the offerings are $4,000,000 State of Tennessee Bridge bonds due in 15 years and callable after 7 years. State issues rarely are callable. Another unusudl feature is that they are redeemable at 101. The largest is- sue for the week is $28,000,000 State of Arkansas 4!> per cent Highway and Toll-Bridge bonds. ‘The Shenango works of the American Sheet & Tin Plate Co. at Newcastle, Ohto, is scheduled to step up its pro- duction capacity tomorrow with 40 hot mills operating instead of 30. Important consolidation of large buying power among chain stores, de partment stores and converters make mergers of cotton mills and selling agencies desirable, says a report by ‘Walker D. Hines, president of the Cot- ton Textile Institutes, Inc. He notes a trend toward consolidation of mills and declares they should be helped along whenever economically sound. Common and preferred stockholders of General Motors Corporation for the first_quarter of 1929 total 140,000, an increase of about 33,000 over the last quarter of 1928, General Motors an- nounces. The increase followed a split- up of its block last November. Ten years ago the stockholders numbered 8,012, Skelly Oil Co., Tulsa, Okla., reports | net income for 1928 totaling $4,104,377, Equal to $3.76 a share. This is nearly three times its 1927 net of $1,438,228, or $1.31 a share. President Willam G. Skelly in his report said the company had great blocks of proven oil lands awaiting development when industrial conditions justify. Beneficial results from conservation and _stabilization plans in the industry should be felt in- creasingly, he addea. - er— Arcturus Radio Tube Co. has chased a factory in Newark, N. J.] in carrying out an expansion program, i which calls for increase of production to about 45,000 tubes daily from 17,500. the electric light and power industry. Commodity Notes Automobiles, | _ DETROIT, March 25.—The Cadillac | Motor Car Co. has announced a new | building program involving six separate | projects and the expenditure of $5,000,~ 000. This will give when completed an annual capacity of 60,000 cars. This will make possible a yearly busiress volume epproaching $200,000,000. Fruit. \[ HAMMOND, La.—The first shipments i of the 1929 strawberry crop from this {great producing center have been dis- patched North and in a few days the shipping season will be in full swing. An unusual number of buyers are at- tending the nightly sales here. Paper. ST. PAUL.—The development and sale of the new cornstalk paper being turned out at Danville, Ill, and Sartell, Minn.,, will be pushed by farm organiza- tions as a farm relief measure. Some Australian producers are investigating :vuh a view to producing in that coun- ry. . Chemicals. NEW ORLEANS.—The National In- dustrial Alcohol Co. has_sold its prop- erty and plant here to a New York con- cern, the identity of which has not been made public. The priee was $750,000, *1a host of miscellaneous industrials and | Qur- DECLINE IN STOCK PRIGES CONTINUES 14 Per Cent Money Is Cause; of Sharp Break in Last Hour. BY GEORGE T. HUGHES. Special Dispaich to Tae St NEW YORK, March 25—Gathering momentum with successive advan€es in the call money rate from a 9 per cent | | renewal figure to 10 per cent, then to | 12 and 14 per cent in the last hour, the | stock marzet broke perceptibly today. { Mongy has not been so dear since July, | 19200 It was one of the worst’ declines this | evere since the Feb- | following the Federal initial warning against | The decline was still | T s at the close. Losses ran | ra 4 to 10 points in standard indus- re even greater in some s Volume. the decl cell mon nly from the ine gaine rate 10 per renewal had In the last to 14 per cent 1920. On top of acceptances were again raised, this time 1% of 1 per cent. iquidation, which has finally started a general selling movement, began last Tuesday, and since then there has been an average decline in stocks of between 9 and 10 points. The situation seemed to indicate lack of confidence in the market’s structure, | despite the fact that the break at the | close of last week had temporar; | least, improved the technical position of many issues. Offerings came out in | volume once the decline got under way | again and some of the favorites which | showed resistance power for a spell were | as weak as those of smaller market im- portance. ‘The opening was characterized by support for numerous representative leaders, but this was soon withdrawn when prices gave way. . Radio new, International Telephone & Telegraph, National Cash Register and the can| stocks were bid up in an effort to stimulate the list, but this leadership proved ineffective. International Tele- phone managed to reach a new high, advancing 10 points after the -opening, but the entire gain was later wiped out. ! In the case of Radio, which touched 91 on the rally, the subsequent selling broke it well under Saturday’s closing quotation. International Nickel, one of last week’s bear targets, also rallied for a time, but was unable to resist the main downward tendency. All Groups Affected. Steel, Bethlehem, all the coppers and numerous high-priced volatile special- ties suffered alike. Most of these showed initial steadiness and rallied well up to the stocks in which a larger | short interest undoubtedly exists. After the covering movement spent itself pressure appeared and canceled all the improvement. A few went lower than before. There was no change in the local credit situation. Call loans renewed at the 9 per cent rate in effect for several days. As a matter of fact, sentiment seemed to be dominated entirely by the money outlook. There was some calling of loans. Shortly after midday money rose to 10 per cent. U. S.-CANADIAN TRADE || IS CONVENTION SUBJECT| | Special Dispatch to The Star. BALTIMORE, March 25.—Trade and commerce between the United States and Canada will be one of the most important subjects to be discussed at the national foreign trade convention to be held in Baltimore April 17, 18 and 19, according to G. H. Pouder, convention manager. ‘W. McL. Clarke, secretary general of the Canadian Chamber of Commerce, will speak before the assembled dele- gates on this phase of foreign trade. Mr. Clarke was formerly director of the commercial intelligence service of Canada, a position corresponding to the one of Dr. Julius Klein, director of the Bureau of Foreign and Domestic Com- merce at Washington. It was through his activities largely that the Canadian Chamber of Com- merce was organized, Mr. Pouder said, and he was asked to become its di- rector. i During the novena in honor of the Little Flower of Chicago, an average of 10,000 persons, says the DaAily News, visited the church daily. FINANCTAL. MARYLAND TOBACCO SALES. BALTIMORE, March 25 (Special).— Receipts of Maryland leaf tobacco last week increased, totaling 154 hogsheads, but sales declined to 95 hogsheads, which compares with receipts of 96 hogsheads and sales of 152 hogsheads the previous week, and leaves a stock in State tobacco warehouses of 4,226 Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc, hogsheads. for " clgarette grades of both Gid_And new crops. tol common and greenish, 8.00a15.00; good, common, 40.00; good to fine red, 41.00a50.00; fancy, 50.00a51.00; seconds, common to good, 16.00a23.00; seconds, good to fine, 24.00 }235.00; upper country, ground leaves, 3.00a25.00. | Demand continues especially Quotations today for Maryland leaf co per 100 pounds: Inferior, ; frosted, 3.00a4.00; sound, 16.00a25.00; medium, 26.00a common, 6.00a15.00; medium, burley, nominal, DEED OF TRUST NOTES Purchased on Property Loca District of Built Upon a Century’s Experience In the one hundred and fifteen years in which this bank has been serving the public, financial situations of every conceivable sort have been successfully met. f Your affairs will benefit by such experienced service when you bank at The Metropolitan. Compound Interest Paid on Savings Metrop NTERNATIONAL FINANCE CORPORATION Room 800 Investment Building National 15th St., Opposite U. S. Treasury First Mortgage Loans Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction U. Reasonable Interest and Commission Rat JAMES F. SHEA 643 Louisiana Ave. N.W. Improved ted in the Columbia Capital, Surplus & Undivided Profits ("3‘:’ $2,000,000.00 —115 Years Old olitan Bank SAFE" FIRST Over a Third tion. of a Centur : ) Y safely in Without a and you Loss est. In amo Main 2100 THERE We Will Lend You Money In Any Amount At 51/2% Interest For Periods of 3,5 or 10 Years in Nearby Maryland, Virgini and the District of Columbia Apartments, Residences or Business Properties BOSSErHELpS Founded 1907 1417 K St, | Main 9300 Loan Correspondent John Hancock Mutual Life Insurance Co. \iAZiiil/ | & Newer Disaggooms || v AVORABLE reactions . . buying reactions « . sales profits « . « come quicker with the aid of Adams’ printed presentations. We create, ||} and print, direct advertis- 1 ing that builds business. BYRON S. ADAMS 512 11th ST. MAIN 8203 v N N AA MORTGAGES A SOUND SOLUTION OF THE INVEST- MENT PROBLEM Every argument favors our 6% FIRST MORTGAGES —as an investment entirely free from every element of specula- The principal is secured by ‘Washington real estate of value prompt payment of the inter- B. F. SAUL CO. IS NO SUBSTITUTE FOR SAFETY excess of the loan— can look to us for the unts from $250 up. 925 15th St. N.W. Yourself Yourself & Co.—it’s portant firm in the world. be run on a sound business basis. It must have plenty of assets, a iow overhead. and a sinkin; care of sudden opportunities and unexpected misfortunes. Undoubtedly the firm will expand. The new members o every opportunity to opportunities the ori may not have had. m. And no firm allows its funds to lie idle—it invests them with a good yield and ance of safety—such as the offering of F' Notes by Swartzell, Rheem & Hensey, Company. Your savin our 6% notes will assure the busi« ness of Yourself & Co. financial basis through good times and bad. To serve the small i 6% motes are sold in as low as $100. SWARTZ RHEEM & HENSEY CO MORTGAGE BANKERS 727 15 STREET NeW. WASHINGTON D.C. That’s another place where the sinking fund comes & Co. the most im- It must g fund to take ught to have make good— ginal member in securities a high assur- an investment irst Mortgage gs invested in being a sound nvestor, these denominations ELL, / .