Evening Star Newspaper, March 31, 1929, Page 26

26 '"FINANCIAL." FINANCIAL. DELANO IS NAMED ASSOCIATION HEAD, Stable Money Organization| Averazenrice of 50 stoc Also Elects Other Officers. |a Money to Loan Freva |flflf"‘m€'f£’é’§rfl:{;:: 'Jmeph E. Wellor S Voah: & & Trus WEEK ENDING MARCH 30, 1929. Lant Week, + 24,820,260 . 16,772,314 Last Week. High. lLow. 241.00 233.71 g . Steck 23% 14% Chicago 6: Chicago tireat W Chicago Mil & St B i Chicago Mil & St Paul pf 55% Chicago & Northwn (4). 85% Chicago & NW pf (7). 140 Chicago Pneu Tool. ... .. Chicago Pneu T pf (313) Year to Date. 294,434,266 182,025,109 Year to Date. High. L 252.05 228.38 «e0 19161 17313 Net The Commercial National Bank Pays interest on DAILY BAL« ANCES on Savings Accounts. Total sales.. Natl Rys of Mex 2d pf. 2 2% - % Same period a yea : % Nat Supply (18). 1% 118 — Nat Supply pf (7). 115 Natl Surety (5) 130 Nat Tea (1%). 7 Nevada Copper (3)..... Guantanamo Suga Gulf Mobile & North. Gulf States Steel (4). Hackensack Water(1%) Hackensk Water pf(1%) 31 ] e Hackensack pf A (1%).. 27 LR ) 4 Hahn Dept Siores. .. BORE COL (5 - Net Stock and dividend. High. Low. Close. cu-.‘ | | 115 1929— . Low. Stock and dividend, High. Low. Close. Aims Outlined. Bpecial Dispatch to The Star. NEW YORK, March 30.—Frederic A. Delano, deputy chairman of the Fed- eral Reserve Bank of Richmond, was anncunced as the new president of the Stable Money Asso- ciation today. Mr. Delano is also chair- man of the execu- tive committee of the Smithsonian Institution and a member of the fi- nance committee of the Carnegie En- dowment for In- ternational Peace. = i He was one of the original members ot the Federal Re- serve Board, ap- pointed by Presi- dent Wilson in 1914, having previously ‘been president of xé‘: d_“’“”h Rall Freqeric A. Dela It was also announced that Col. M. C. Rorty, vice president of the Inter- national Telephone & Telegraph Co. had been elected vice president of the as- sociation. Mr. Rorty was formerly president of the National Bureau of Economic Research. Other officers of the assotiation are vice president, Henry A. Wallace, edi- tor of Wallace's Farmer, Des Moines, Iowa; treasurer, Francis H. Sisson, vice president of the Guaranty Trust Co., New York; executive vice president, Norman Lombard; secretary, Charles W. Birtwell; honorary vice presidents, Nich- olas Murray Butler, Willlam H. Crocker, , John W. Davis, Robert W. de Forest, George Eastman, John V. Farrell, Ar: thur T. Hadley, John Hays Hammond, Myron T. Herrick, Charles Evans Hughes, David Starr Jordan, Otto H. I‘feagm 'Wlllmn’!}l G‘:ul:ee. Frank O. Low- , James H. nd, jr.; Hen . Robinson and James s]pe_vzn Efe Delano Statement. The following statement w: by }m. Delnna:g et “In accepting the position of presi- dent of the Stable Mponey Associguon. which I do in spite of the pressure of | other duties, I wish to state to my asso- ciates in the association, to those who are supporting its work, and to the Tapidly increasing number of citizens Wwho are now interested in its objective, the grounds on which I assume the Tesponsibility of this office: _“First: I find myself in agreement Wwith the men in this and other countries who rate the problem of finding a cur- rency of something like uniform pur- chasing power, as one of first rank in importance among the great guestions the world faces today. “Mr. Owen D. Young, after recount- ing his experience as a member of the first Dawes commission, recently said: ‘Never before had I realized how the stability of money goes to the very basis of life, and that, when any sudden change affects the purchasing power of money, it touches every kind of moral question and every kind of obligation.” “Sir Josiah Stamp, head of the Lon- don Midland & Scottish Railway, a director of the Bank of England, and now with Mr. Young on the second Dawes commission, says: ‘The problem of the price level is the most important single problem of our age * * * i is the most bitterly practical of all questions.’ “Second: I agree with those who be- lieve that an informed public opinion on economic problems is essential to the attempt to solve the problem of stabilization of the purchasing power of the monetary unit and the closely al- lied problems of the stabilization of in- dustry, the prevention of unemploy- ment and the peaceful reconciliation of confiicting economic interests, both na- tional and international. Refers to Warburg. “Not long ago Mr. Paul M. Warburg sald: ‘Success or failure of this great democracy in its struggle with its economic and social problems will large- ly depend upon the degree of under- standing our masses and their leaders | gain concerning these topics. Economic research and the dissemination of economic truths is, therefore, a task of the greatest moment. I do not know of any other that would outrank it in importance.” Contact with the work of “Third: the Stable Money Association during the past year, as a vice president, and a knowledge of the personnel, the sources of support and the definite methods of work, have revealed to me a high order of intelligence and ef- ficiency and genuine public spirit. “Fourth. 1In full appreciation of those who have courageously and un- selfishly borne the brunt of the work of calling attention to this subject, arous- ing interest in it and throwing light upon it, it clearly appears to me to be the duty now of all citizens to lend their help to the movement in every possible way. “Fifth. In view of the undoubted fact that the basing of the financial structures of our own country and of the other countries of the world upon a common foundation, namely, gold, creates international economic rela- tions, I deem it important that such relations should receive attention. I cannot help thinking that the present, when my predecessor as president of this association, Dr. E. W. Kemmerer, is engaged in China in his eleventh commission to help to put in order the finances of national governments, and ‘when distinguished representatives of the United States are now joining with similar representatives of other coun- tries to solve great post-war financial problems, is an opportune time to ad- dress ourselves to this question. “Sixth. I would emphasize my con- viction that the necessity for progress in this matter is an open mind and the interchange of information and exper- lence on the part of Government of- ficlals, business executives and their financial advisers, economists in our universities, bankers and leaders in all the walks of life, and I have faith that, with the present remarkable group of supporters as a beginning, the asso- ciation will receive such additional mor- al and financial support as will enable it to measure up to its task.” _— Electrical Equipment Industry. NEW YORK, March 30 (#).—The first quarter of 1929 was a record quarter in the electrical equipment in- dustry, says Electrical World. Volume of business continues at a high level and the outlook for the second quarter is decidedly favorable. Industrial ac- count shows an upward trend in the Eastern district. $600,000,000 Bank Formed. LOS ANGELES, March 30 (Special). TarLKInE TR it Statesa $600.000 = to existence at of Los Angeles. It represents a merger of the Los Angeles-First National Trust & Savings Bank and the Security Trust & Savings Bank, two of the oldest and largest banks in California. SILVER QUOTATIONS. NEW YORK, March 30 ().—Bar silver, 56,. Mexican dollars, 42%. ;‘cud in Mukden, China, in l,!l than ‘ ! 134% 110 Am Bank Note (13).. 547 39% Abitibi Power 88% B0 Abitibi Power pf (6).... B81% 159% 128 Abraham & Straus. .. 144% 112 109% Abram & Straus pf (7).. 110% 600'% 389 Adams Express (6)..... 595 35% 28% Adams Millis (2). 3015 97% 48 Advance Rumley. 9% 94 584 Advance Rumley pf 93 4% 3% Ahumada Lead. 114% 96% Air Reduction ( 11% 7% Ajax Rubber 10% 5% Alaska Juneau, i 25 16 Albany Wrap Paper (2). 37% 27% Alleghany Corp. . 105 100 Alleghany pf A (51%) 100% 305% 241 Allied Chemical (6)..... 278 123% 121 Allied Chemical pt (7).. 191 166 Allis-Chalmers (7 73 60 Amal Leather pf. 42% 30 Amerada Corp (2). 23% 14'% Am Agricultural Ch 73% 53% Am Agricultur Chem pf. 61% eee 1201 60 Am Bank Note pf (3).. 4 20% 15% Am Beet Sugar........ 60'% 50'% Am Beet Sugar pf 60 40'; Am Bosch Magneto 62 45 Am Brake Shoe (h1.60) 126's 122 Am Brake Shoe pf (7). 26'% 15'% Am Brown Bov Elec. 82 49% Am Brown Bov 129 107% Am Can (t4) 142 140% Am Can'pf (7) 106's 93 Am Car & Foundr: 101% 116% Am Car & Fdry pf (7)... 117" 72% Am Chain pf (7). 78 5 46% Am Chicle (2) LSl 14 9 Am Druggist Syn (80c). 9% 47% 35 Am Encaustic (2) .40 330 280 Am Express (6) 318 138 75% Am & Foreign P 105'% Am & For Power pf (7 92 Am& Forn Power 2d pf. 24's Am Hawaiian 88 (1). 30% Am Hide & Leather pf. 75 Am Home Products (3). 38 Amlce (13)..... . 57% Am International (12).. 6 Am La France & Foam 64 Am La Fr & Foam p 123 102% Am Locomotive (8) 118 114 Am Locomotive pf (7).. 188% 166 Am Machine & Fy (4). 81% 55% Am Metals (3)... 135 117 Am Metals pf (6) . 98 80 Am Natural Gas pf (7).. 17% 9% Am Piano.. & 55 38 Am Dlano pt i 120 81'i Am Power & Light (11). 104% 103 987 Am Power & Lt pf (6)... 100 80 73 AmPow&LtpfA (3)... 75 80% 181% 175 4 104% 31% 124% 142 108 118'% 115% 171 6514 121 85 1005 411 84% 79 AmP & Ltpf A sta (5) 211 165 Am Radiator (5) 195 - 1 Am Radiator pt 180 180 Am Radiator ctfs (5 180 173% 129% Am Railway Exp (6) 15414 64% 44 Am Republics. ... 9% 74% 62 Am Safety Razor (15)... 65 41 32% Am Seating (3).... 3% v 3% Am Ship & Commerce 4% 94 86 Am Shipbuilding (8). 90 124% 93': Am Smelting & Ref (4). 1147% 138 135% Am Smit & Ref pf (7)... 136 206 193's Am Snuff (12) 112 108 Am Snuff pf (6 79% 62 Am Steel Foundries (3). 114 110'3 Am Stl Foundries pf (7). 111 94% 72 Am Sugar Refining...... 76' 60 464 Am Sumatra (3) 32% 17 Am Tel & Cable (5) 242 193% Am Tel & Tel (9). 186 160 Am Tobacco (8) 188 160'% Am Tobacco B (8). 121% 118's Am Tobacco pf (6). 155 136'2 Am Typefounders (8) 67% Am Water Wks & E ( 97 Am W W & E 1st pf (6). 19'4 Am Woolen. 45% Am Woolen pf 10% Am Writing Paper ctfs 40% Am Writing Papr pf(3). 30% Am Zinc Lead & Sm. . 9814 Am Zinc Lead & Sm p! 1747 115% Anaconda Copper (7) 140 120'% Anaconda Copper (new). 135%x 62% 51 Anchor Cap (2.40). 564 124 111% Anchor Cap cv pf (6%) 68% 48 Andes Copper (3).. 495 361 Archer Daniels Mid (2). 115 114 Archer Danlels pf (7)... 95 85'% Armour&Co of Del pf(7) 18% 124 Armour & Coof 11 (A).. 10% 6's Armour & Coof 111 (B).. 86 75' Armour & Co of 111 pf (7) 40% 25 Arnold Constable & Co. 00 97% Artloom pf (7). 30% 27% Ar Metal (1%). 70% 50 Asso Dry Goods (2 107 100% Asso Dry Gds 1st pf (6). 104 47 43 Associated Oil (2)...... 45 209% 195% Atch Top & S Fe (10)... 199% 1037 103 Atch Top & S Fepf (5).. 1034 191% 169 Atlantic Coast L (110).. 471 324 Atl Guif & West Indies 56% 45% AtlGulf & W Ipf (4) 68 53% Atlantic Refining (+114). 117% 115 Atlantic Refining pf (7). 115 92 Atlas Powder (4). 106'3 100 Atlas Powder pf (6) 15% 10% Atlas Tack 10 6 Austin-Nichol 65 5913 Austrian Credit (4.49)... 29'3 22 Auto Sales... ceeens 437 36'% Auto Sales pf (3). 3915 50 43'% Autostrop Razor A (3).. 45 271': 225 Baldwin Locomotive (7). 25913 120 115% Baldwin Loco pf (7). 119% 133 118'% Baltimore & Ohio (6) 1247 80% 78 Baltimore & Ohio pf (4). 79% 110% 108% Bamberger pf (6%)..... 109% 72 65 Bangor & Aroos (3%) 67% 110% 105% Bangor & Aroos pf (7).. 107 38% 28'% Barker Bros (2).... . 30 97 89% Barker Bros pf (6%4). 1% 29% 17 Barnet Leather 1% 467 38'% Barnsdall A (2 45% 49 38 Barnsdall B (2) 113% 95 Bayuk Cigars (2). 106% 104 ) 28% 20 .. 101 81% Beech-Nut Packing (3) 14% 11% Belding-Hemingway. 847 81- Belg Nat Rys pf (16) 93% 75% Best & Co (3).... 111% 82% Bethlehem Steel (4) 123 116% Bethlehem Steel pf (7) 547% 42'% Bloomingdale Bros. 111 110 Bloomingdale Brs pf 118 97 Blumenthal pf (7). 8915 78% Bon Ami Class A (4). 81 11% 6 Booth Fisherles. ... 61 63% 48 Booth Fisheries1st pf. 50% 203% 174% Borden Milk Co (6)..... 185 15% 11% Botany C Mill§ Class A.. 12% 63% 33% Briggs Mfg Co 45% 6% 3% British Empire Steel. . 4% 13% 5% British Em Steel 2d pf. 73% 51 Brockway Motor (3).... 340 305 Brooklyn Edison El (8). 81% 65% Bklyn Man Transit (4).. 92% 84 Bklyn Man Trans pf (6). 200% 170% Brooklyn Union Gas (5). 180 47 38% Brown Shoe (2%) . 40 119% 117 Brown Shoe pf (7). 55% 42 Brunswick-Balke (3) 44'% 28 Brunswick Ter&Ry Sec. 42% 32% Bucyrus Erfe (1). 50 41% Bucyrus Eriecv ( . 68% 53% Buffalo & Susque pf (4). 127 110 Burns Bros Cl1A (8). 39 30% Burns Bros (B).. 105% 103% Burns Bros pf (7) 295% 234 Burroughs Add M (15) 8914 65 Bush Terminal (g2). 110% 105% Bush Terminal deb (7) 118% 110 Bush Term Bldg pf (7).. 7 Butte Copper & Zine. 8% Butte & Superior (2) 41 29 Butterick Co 192% 134 Byers (AM).... 129% 104% By-Products Coke 12%.. 114 81% 72% California Packing (4).. 76% 4 3 Callihan Zinz & Lead.... 3% 142% 121% Calumet & Arizona (6).. 136 61% 42% Calumet & Hecla (4) 5! 88% 78 Canada Dry (i4%).. 85%% 61% 55% Canada Southern (3).... 56 265% 225% Canadian Pacific (10). 239% 48% 38 Cannon Mills (2.80)..... 41% 92% 89% Car Clin & Ohio (4). 9N% 101% 97% Car Clinch&Ohio sta(5). 99 509 412 Case Threshing (6)..... 445 128% 124 Case Threashing pf (7). 126 42% 33% Cavanah Dobbs Inc..... 36% 105% 102 Cavanah Dobbs pf (614). 102 79% 65% Celotex (3). 70 48% 31% 40% 52% 45% 45% 112% 107% 107% 305% 16 . 110% 169% 120 124 40%, 6474 116% 997, 110 13 . B1% 104% Certain-teed Products 81% 50 Certain-teed Co pf.. 63 56% Certo Corporation (14).. 227% 210 Chesapeake & Ohio (10). 217% 89% 78% Chesa & Ohio Corp (3) 81% 25% 16 15 16 39% 40% 80 80l 134 142 110% 110% 521 594 28% T0% 100 260% 110 6014 15% 501 110% 141 951 117 110 115 166 55% 120% 80 165 175 180 141 46'% 62 35% 41 8Tle 102 135% 19315 160% 120 140 76 987, 19% 4513 100 40% 40% 0% 40% 981 101 142 x159% 120% 133 51 101% 43 195% 103 55% 11 232 117% 118% 79 108% 65 105% 30 913 17% 3914 3813 110 102% 102 8% 6 48 175 12 33% 3% 31% 103% PI+1 100l +4+1+ *EFEITEI I F1¥11# I#E1 1+ i+etE 1L HESLFS P AR ANE & +1 R e+ 1 {44+ 104% 2% 3 121% 42% 79 56 225% 38 91% 97% 412 126 33% 102 65% 31% 40% 107% 305% 13 100% 210 8% ++|+++I|lll\fl +1+1 11 o 4 Chrysler Corp (3).. Chi,Roek Island & P (7). Chi Rek Isl&Pac pf(6). . Chi Rek 1s1&Pae pf(7).. Chicago Yel Cab (3) Chickasha Cot O1l (3)... Childs (2.40). Chile Copper (3%) Christie Brown (1.20) 110 99% Cin Sand & Clev pf (3).. 66'% City Ice & Fuel (3.60)... 4 City Ice & Fuel pf (6%). City Investment (10). City Stores A (3%) . 2 City Stores (new). 4 Cluett-Peabody (5). i Columbia G Cleveland & Pitts ( Cluett-Peabody pf (7) Coca-Cola (4) . s Coca Cola (A)... . Collins & Alkman....... Collins & Aikman pf (7). Colorado Fuel & Iron. .. . Colorado & Southn (3) .. Colo & South 1st pf (4).. & Kl ( Col Gas & E Columbia G Columbia G Columbia Carbon (1414 ) Commercial Credit (2).. Com Credit 1st pf(614). . Com Credit pf (1%) % Com Credit pf B (2) Com Invest Trust (14).. 4 Com Invest Trust war. 107% 76 224 76 Com Inv Tr pt Commercl Solvnts. . Commonwlith Power (3). Conde Nast Pub (2)..... Congoleum Nairn. . Congress Cigars (5) Conley Tinfoil (sta) . Consol Cigars (7). . . 4 Consol Cigars pr pf(6%) Consol Film pf (2) Consol Gas of N Y Consol Gas pf (5).. Consol RR Cuba pf (6 4 Consol Textile. .., Container Corp A (1.20). Container Corp B (60¢c).. Contl Baking A. Contl Baking B. Contl Baking pt (8). Contl Can (21). Contl Can pf (7 Contl Insurance (2). Contl Motors (80c) Corn Products (13 Carn Products pf ( Coty Ine (k2). Crex Carpet...... Crosley Radio (1). . Crown Zellerback (1)... Crucible Steel (5). Crucible Steel pt ( a (‘ane Sugar. Cuba Company Cuba R R pf (6 Cuban-Amer Sugar. Cuban-Amer Sugar pf Cuban Dom Sugar. . Cudahy Packing (4) Curtiss Aero (1).. Curtis Publishing (6) ‘urtis Publishing pf(7). Cushman's Sons pf (7).. Cutler-Hammer (3%) Cuyamel Fruit. . Davison Chemical Debenhams Sec (2. Deere & Co pf (7). Delaware & Hud (9) Del Lack & West (17 Den & R G Western pt.. Detroit Edison (8) Devoe & Raynold Devoe & Rey 1st Diamond Match (8 Dome Mines (1). Drug Inc (4).. Dul So Sh & Atlantic. Dul So Sh & Atlantic pf. 4 Dunhill Internatl (14). Duplan Silk (1). Duplan Silk pt ( Dupont de Nemours ( Dupont de Nem deb (6). Durham Hosiery Durham Hosfery pf. Eastman Kodak (18). Eitingtn Schild pf Elec Auto Lite (14%) Electric Auto-L pt (7).. 4 Electric Boat. .. 103 4 104'% 4 Fisk Rubber. . Electric Power & I. Elec Pow & Lt pf (7). Elec Storage Bat (5). ElkHorn Coal. .. Elk Horn Coal pf. Kmerson Brantgm Eng Public Eng Pub Serv pf(513) Kquitable Off Bldg (2).. b2 ceees Erie 1st pf. Erle 2d pf. Eureka Vac Evans Auto Load (12 Exchange Buffet (1%).. Fairbanks Co pf Fairbanks Morse (3 . Fairbanks Morse pf (7). Fashion Park. .. Fed Light & Trac(11%). Fed Lt & Trac pf (6).... Fed Mines & Smeltg. Fed Min & Smelf pf . Fed Motor Truck (80c). . Fidelity Phoenix (2).... Fifth Avenue Bus (64c). Filenes (Wm) Sons Co.. Fillne's Sons pf (6%)... Nat Pic 1st pf(8).. at Stores (1%).. Fisk Rubber 1st pf. Fisk Rubber 1st pf ev. % Fleisechmann Co (13% Florsheim Shoe (A) & Florshelm pt (8)....... % Gillette Safety Raz (5) 119% 115 Follansbee Bros (12%4).. Foundation C Fox Film C Franklin Simon pf (7). Freeport Texas (4). . Fuller G A prior pf (6).. Gabriel Snubber C1 A... Gardner Motor......... Gen Am Tank Car (34).. Gen Asphalt..... Gen Asphalt pf (5). Gen Baking pf (8).. Gen Cable.... Gen Cable A (4) Gen Cable pf (7) Gen Cigar (4). Gen Cigar pf (7) Gen Electric (16) . Gen Electric Spec (60¢c). Gen Gas & Elec A (1%). GenGas&EIpt A (7)... 1 Gen Gas& Elec A (8)... Gen Gas & Elec B (1%). GenGas & El pt B (7) 1 Gen Mills (3)... Gen Mills pt (6) Gen Motors (3). Gen Motors pf (7) Gen Outdoor Adv Gen Outdr nv tr cfs (2). Gen Rallway Signal (5). Gen Refractories (3).... Gimbel Bros.. ... Gimbel Bros pf (7). Gildden Co (f1%)..... Glidden Co pr pf (7).... Gobel (Adolph). Gold Dust (214) Goodrich (B F) s Goodrich (B F) pt (7). Goodyear Tire. .. Goodyear 1st pt (7). Gotham Hoslery (2%).. Gotham non vot (2%)... Gotham Hoslery pf (7) Gotham pf ex war (7) Graham-Paige Motor. Graham-Paige ctfs. ... Granby Consol Min (7). Grand (F W) Stores(1)". Grand Stores pf (6% Grand Union. .. Great Morthern pf (5). Great North pf etfs (5).. Great Nor Orecfs (3%). Great West Sugar (2.80) Great West Sug pf (7). {’!n’?,afi,fl'm‘”"' - 183 152% 176% =i rl 1R FSVERY VXD 1 ISR ARERE [t LSl ST o A T T 5 6t U 80 VR R T o B V0 e S 8 B e +111t L e [ B SeseFels "FafF LRI A Hahn Dept Strs pf(6%). 108% Hamilton Watch pf(6).. 102 Hanna (M A) 1st pf(7 Harbison-& Walker (2) Hartman A (2). Hartman B (1.20) Havana Elec Ry Helme Geo H (17). Hershey Chocolate Crp. Hershey pf (4)... Hershey prior pf (6). Hocking Valley (10). Hoe R & Co Class A 4 Holland Furnace (e: Hollander A & Son. .. 4 Homestake Mining (17). 74% Household Prod (14).... 70% Houston Oll. ... 105 Howe Sound (4)........ 79% Hudson & Manhat (2%). 45% 4 Hudson & Manhat pf(5). 7d% Hudson Motors (5)..... 89% Hupp Motor (f2)....... 0% Tlinois Central (7)..... 138 1ilinois Central pf (6)... 135 Tllinols Cent Isd In (4).. 78 Ind Ofl & Gas (2)....... 34% 4 Indian Motor Cycle (1). 26 Indian Refining . 43% Indian Refining 40 Industrial Rayon 120 Ingersoll Rand (16)..... 181 Inland Steel (3%3)... Inspiration Copper (4) Interhoro Rap Transit. . 4% Intercontinental Rubber Inter Agri Chem. ... Inter Agri Chem pf (7).. Inter Business Mch (5).. Inter Cement (4). Inter Comb Eng ( Inter Comb Eng pf Inter Harvester (2%). Inter Harvester pf (7) 4 Inter Match pf (3.20) Inter Mer Marine. . Inter Mer Marine pf. Int Nickelof Can (86c) Inter Paper (2.40). Inter Paper pf (7).... Inter Pap & Pw A (2.40). Inter Pap & Pw B Inter Pap & Pw C Inter Pap & Pw pf (7)... Inter Printing Ink (2%). Intl Printing Ink pf(6).. 101 Inter Ry Cent Am pf (5). 76% 6 dnter Salt......... 83 Inter Silver pf (7). Inter Tel & Tel (6) Inter Dept Stores (2) Intertype (1112). Island Creek Coal 60 Jewel Tea (15).. 148% 4 Johns-Mansville (3 184% Johns-Mansvilie pf 121% Jones & Laughlin pf(7). 121% Jordan Motor....... Kan C row & Lt B (6) Keith-Albee-Orp pf Kelly Springfield. . Kelly Springfield 8% pf.. Kelsey-Hayes (2) Kelsey Wheel pt Kelvinator Corp. Kendall Co pt (6) . Kennecott Copper (4)... Kinney G R & Co (12)... <inney G R pf (8). <olster Radio....... Kraft-Phoenix (1%) Kraft Phoenix pf (6%4).. Kresge Stores (1.60).... Kresge S S Co pt Kresge Dept Stores. Kresge Dept Stores pf . § Kress S H (1) Kreuger & Tol Kroger Grocery (c1) Laclede Gas pf (5).. 4 Lago Oil & Transport. Lambert Co (8) Lee Rubber & Tire. Lehigh Port Cem (214).. Lehigh Port Cm pf (7) Lehigh Valley Coal Co. . 4 Lehigh Val Coal pf (7).. Lehigh Valley (333). Lehn & Fink (3).. Liggett & Myers (15). a Liggett & Myers B (15). 88% Liggett & Myers pf (7)., 135% Lima Locomotive. 3 Link Belt Co (2.40) Liquid Carbonie (14%) . Loew's Inc (13)... Loew's Inc pf (6%). Loew's Inc pf x w (6%). Loft Incorporated. 2 10 Long-Bell Lumb Cl A. Loose-Wiles Bis (2.60). . Loose-Wiles 1st pf (7).. Lorillard Co. . Lorrillard pf (7) Louisiana Ofl Rrefining. Ludlum Steel pf (6%) MacAndrews&F (12.85). MacAndrews&F pf(6) 4 McCall Corp (4). McCrory Stores A(2). McCrory Stores B (2). McCrory Stores pf (6)... McGraw Hill Pub (2)..., MecIntyrePorcMines(1).. McKeesport Tinplate(4) McKesson & Rob (1.60) . McKessn & R pf A(3%). Mack Trucks (6) il Mackay Cos (7) ¢ Mackay Cos pt (4 Macy Company#(c2) . Madison Sq Gar (1%)... Magma Copper (5) . Mallison & Co. .. .. Mallinson & Co pf (7)... Mandel Bros (2 Manhattan Elec Sup. . Man Elev mod gtd(d5) Manhattan Shirt (2) Maracaibo Oil Explora. Market St Ry, Market St Ry Marland Oil. Marlin-Rockwe! Marmon Motors (4). Martin PAITY....... Mathieson Alkill (6) May Dept Stores (4) Maytag Company (12) 14 Maytag Co pf (3). Maytag Co 1st pf (6) Melville Shoe (1.10). Mengel Co. Metro-G Pic X Mexican Pete (12) Mexican Seaboard. .., Miami Copper (2). Mid-Continent Pet (2) Middle States Ol. . Middle States Ol ctfi Midland Steel pf (112) Miller Rubber. Milwaukee EI . Minneapolis & St Louis.. Minn StP&SSMpt.... MinnStP&SSMI1(4). MoXKen& Tex..f;.. Mo Kan & Tex pf (7). Missouri Pacific........ Missouri Pacific pf (5).. Mohawk Carpet (234). .. 4 Montgomery Ward (2%) Moon Motors.... Morris & Essex ( Mother Lode (40¢) Motion Picture Corp Motor Meter Class A Motor Products (2).... Motor Wheel (2) Mullins Mfg.. Mullins Mfg pf (7). Munsingwear (3). Murray Corporatlo: Nash Motors (6). . Nashville C& St L (7).. Natl Acme (1)...... & Nat Bellas Hess (11). 2 46% LA 1444470 t+114+1 EARENEANEE 3] 110% 110% - 983x105% 140% 141 65% x83% 5 136 143 165%x170 121' 12 120% 121 6 10% 3 108'% x82 x68'3 1Pl ittt EL+)) (RAREIESINEEE IR NE +1h1+ )14 + EL LRl bt bk | LI+ EEERL T BE ] ) I+ +1 +13 56 168 x177% 143 143 118%x134 W 116% 124% Natl Lead pt A ((7)...1» Natl Power & Light (1). 10% Nati-Radiator. .. 41 30 NatlRadiator pf... 34 4 N Y Central (8). LIl s+++ - % Pathe E: 4 Pitts Steel pf 4 Sunider Packi % Stromberg Carbu (3) N Y Alrbrake (3) 178%x185 128 106% 41% 285 82% 2 115% 25 N Y Chi & St Louis (6).. NYChi &St Lpf (6). 1 N Y Dock..... N Y & Harlem (5) N Y N H & Hartfor NYNH&HDL (7). N Y Ont & Western. .. 109 44% 305 4 N Y Raflways pf N Y State Rallways pf N Y Steam pf (6). N Y Steam 1st pf (7).... Norfolk Southern (215). Norfolk & West (110)... Norfalk & West pf (4) % North Amer (b10%stk) . North Amer pf (3) % North Am Edison pf (6). North German Lloyd. Northern Central (4). Northern Pacific (5 Northern Pacif Northw Norwalk Ti % 011 Well Supply . Oil Well Supply pf ( Omnibus Corp Y Omnibus Corp pf A (8).. 80 Oppenheim Colling (4).. [ Orpheum Circuit pf (8). T 7 Otis Elevator (6). . 330 310%x315 Otis K Otis Steel prior pt (7) Owens Bottle (c4).. TPacific Coast 1st pf. 4 Pacific Coast 2d pf Pacific Gas & I (2) FPacific Lighting (3) Pacific Mills. Pacific Oil Stubs Pacific Tel & Tel ( Packard Motor (13%). .. Pan-American Petroleurn Pan-Amer Pete (B). . Pan-Amer Western Panhandle Prod & Ref . . Paramount-Fam-La (3). Park & Tilford (13). Park Utah Min (80c). change. . Pathe Exchange A Patino Mines (3.89). Peerless Motors. . .. Penick & Ford. Penick & Ford pf ( Penna Coai & Coke Tenn Dixie (‘ement., Penn Dixie Cem pf (7 4 Penn Railroad (314) People’s Gas Chi (8) re Marquette (18) Marquette pf (5) ere Marq pr pt (5) Pet Milk (133).. : Philadelphia Co 6% (3). Phila & Reading € & 1 Philip Morris & Co (1).. . Phillips-Jones (3) 4 Phillips Pete (1%3). Phoenix Hoslery pf (7). Vierce-Arrow (A) erce-Arrow pf Pierce Oil. Pierce Oil pf. Pierce Petroleum. Pilsbury Flour (1.60) % Direlli of Italy (A) 2.85. tts Coal. Pitts Coal pi Pitts Terminal Coal pf.. Pitts & West Va (6) Porto Rico Tobac A (7) Torto Rico Tobacco B... Postal Tel & Ca pf (7). Postum (3). R Prairie O} & . Prairie Pipe Line(1315). Pressed Steel Car. 2 Pressed Steel Car Producers & Refiners. .. Producers & Refiners pf. Prophylactic Br (14)... Public Serv N J (2.60).. Public Serv N J pf (6).. Public Serv N J pf (7)., Public Serv E&G pf (6). Pullman Co (4). Punta Alegre Sug Pure Oil.... Pure Oil pt (8). Purity Bakeries 120% 4 Radio Corp (new)-. Radio Crp of Am pf(3%3). Radio CrpofAm pf B(3). Radio-Keith-Orph-(A). . 7% R R Sec 11l Cen ctfs(4) Reading Railway (4) Reading 1st pf (2).... Reading 2d pf (2) Real Silk Hosiery Real Silk Hosiery Reis (R) & Co.......... Reis (R) & Co 15t pf(7). Remington-Rand....... temington-Rand 1st (7) emington-Rand 2d (8). Rensselaer & Sara (8). Reo Motors ({1).... Republic Iron & Stl (4).. Republic Ir & St pf Reynolds Spring. Reynolds Tob (B) 2.40. Rhine West K P (1.92). Richfleld Oil 3 Rio Grande Oil (2). Rossia Insur (1634) . Royal Baking Pow (1). Royal Baking Po pf(6) Royald Dutch (a1.336. Safeway Ktores (3) Safeway Stores pf (6). Safeway Stores pf (7 .St Joseph Lead (13). .. St Louis & $an Fran (8). i St Louis & San F pf (6). St Louis Southwestern St Louis Soutwst pf(5) ge Arms (2).. chulte Stores (1315 ) Schulte Stores pf (8) 4 Seaboard Air Line. Seabaard Air Line pf. Seagrave (el.20). Sears Roebk & Co neca Copper. . Shattuck Frank G (2)... 1 Shell Tr & Trans(a96.4) . Shell Union (1.40). & Shubert Theatér (5)%... immons Co (3).. ms Pete (1.60). Sinclair Oil (1214). Sinelair Consol pf (8) Skelly OIl (2) g Co. Snider Packing pf... So Porto Rico Sug(121) SoPorto Rico Sug pf(8). Southern Calif Ed (2). Southern Dairies A Southern Dairies B Southern Pacific (6). Southern Railway (8). Southern Railway pf(5 Sou Ry M & Ohio cfs(4). Spang Chalfant & Co. . Sparks Withington (3) Spear & Co Spear & Co pf (7) Spencer Kellog (1.60). Spicer Mfg........ Spicer Mfg pref pf (3). Spiegel May Stern (3)... Stand Com Tobacco (1).. Stand Gas & El (3%).... Stand Gas & El pf (4) Stand Milling (6).. Stand Oil Calif (13). Stand OIL N J (1134). Stand OII N Y (1.60). Stand Plate Glass. Stana Plate Glass pf. Stand San Mg (1.68) Stanley Co of America. .. Stewart-Warner (6). Studebaker Co (35) Studebaker Co pf (7 Submarine Boat. Sun Oil (g1). Sun Oil pf (6) Superior Oil..... Superior Steel Sweets Co of Am Symington. .... Symington Clas ‘Telaurograph (1y..... Tennessee Copper (1) . Texas Corp (3)....... ‘Texas Corpn part paid. Texas Corp full paid. Texas Gulf Sulphur (4). Texas & Pacific (5).. Tex & PC&O (b2%). Texas Land Trust. The Fair (2.40) et I R T 129% 88% - 106% ++iili+1i+1 ] TEULI IR I++ &1+ @ Ittt th 4+ Interest starts from DAY of deposit and is earned to DAY of withdrawal. Come in and let us explain. Resources Over $19,000,000 14th & G Streets R. GOLDEN DONALDSON. Presidvnt Loans to Salaried People Earning Ability of Credit” REASONABLE RATES EASY PAYMENTS WASHINGTON WIMSETT COMPANY 903 N. Y. Ave., 2nd Floor. SEIBER ALLTREADS LEHMAN'S TIRE SHOP 12th & K N.W. jJiain 424 Main 1430 “Conveniently Located on 14th Street” 1529 14th St. NW. Dec. 3320 STATEMENT OF THE CONDITION Of the ROYAL NDEMNITY COMPANY OF NEW YORK On the 31st day of December, 1928, as required_under the District of Co- lumbia Code. smended June 30, 1902, and August 18, 1911. Gapital stock 0. $1,000,000.00 apital stock, paid up, i Gsn <.+ 1,000,000.00 : ASSETS. Cash in office. ... 173.602.08 %E:!‘l 2: t;""“ « i & 1,316,652.79 estate morigages s""i" Tl T 45,000.00 tocks and bonds (mar- Kot ‘value) oo, o 19,712.858.57 Bills recelvabie : 20,0829 Total assets ..324,362,999.05 LIABILITIES. Net unpaid claims.. $10,567,209.00 Reserve as required by law (investigation and adjustment of claims) . Reinsurance premiums Salaries, rents, expenses, taxes.’ ete Commissions, 07 TR Capital siock """ All other liabilities Surplus over ail liability. Total liabilities. .....524.362.999.05 Character or business transacted during the vear 1928: Ficelity, surety and casualty. Amount of prémiyms writ- ten ' during the vear, $16,003,704.80 & 103.000.00 6,942,525.80 455,000.00 brokerage, 625.070 89 Losses ‘sustained the year 1921 8. ......... 9,199,505.86 Teceived * during the year 192 JeAT 1028 11T e e e e 10.167.500.67 PRANKLIN VANDERBILT. Vice President. W. H. WUNNER, Becretary. Subscribed and sworn to before me this 19th day of February, 1923, (Seal) ROBERT G. BRIGGS. ings County. —Kings ‘s No. 27. Registers 3 York_County Clerk's o. 36, Registers No. 0-51. ~Com- mission expires March 30, 1930. GENERAL AGENTS JAS. C. ADKINS CASUALTY Bary Building 2.8 1. BECKER BONDS Colorado Bldg. Guaranteeing Satisfactior 'Stb}age Cases '] for Transferring Your Office Records -and Correspondence Come to You Flat Like This Set Up in Half-a-Minute Ready for Use Like This A Size for Every Need No Strings, No Clamps, No Bands, Fuss—Just Fill ’Em, Put the Covers on and File 'Em. a - o RS Let Us Quote You STOCKETT- FISKE C PRODUCING STATIONERS T N WA RAshiNoTON D& NATIONAL 9176-1 L T