Evening Star Newspaper, April 4, 1929, Page 14

PRICES ARE STEADY OND. . EXCHANGE Traction in Fractional Gain, Closing at 99—Bonds Fair- ly Active—Other Notes. BY EDWARD C. STONE. Capital Traction stock made a. frac- tional gain in trading on the Wash- ington Stock Exchange today when prices were little chan, from yester- g dl'yed ‘The stock Raves thanpine shares c hands at 98%. On the next sale a single share brought 99 and 20 more fll:}::e at the same . Mergenthaler sold to the extent: of 40 snares at of 70 shares at 51. Potomac Electric Power 5! per cent preferred came out at 1073 and 45 shares of Railway & Electric preferred moved at 97%. Firemen's Insurance Co. figured in a 100-share sale at 40}, Merchants® Transfer & Storage came outat1lland Federal-American Co. preferred at 103. In the bond division Washington Gas @s, series A, brought 10215, while the B bonds sold at 1041, 1045% and 105. Potomac Electric Power 6s came out | at 108, Capital Traction 5s commanded 99, Washington Gas 5s figured in. a $1,000 transfer at 101 .and Washing- ton Raflway & Electric recorded a $1,000 sale at 86%%. { Merchants’ Bank Has New Head. As noted elsewhere in’ today’s Shf,l Teter A. Drury resigned as president of the Merchants’ Bank & ‘Trust 'Cb. at a meeting of the directors held yesterday »nd was at once elected chairman of the board. John H. Hanna. b 4 Y Rolfe E. Bolling, for several years fifst vice president of the trust company, was elected to the presidency, com- pleting one of the most important changes in bank officials in this city for a long time. Mr. Drury retired at his urgent per- sonal request, feeling that he is entitled to take life a bit easier. He is the only president the bank ever had and has ronedered brilliant service, as’ is ‘shown by the institution's growth. o Of the new president, Mr. Drury said | today: “He is well known, experienced ~nd conservative.” Mr. Bolling’s record bears out the statement. . March Traffic Improved. President John A. Hanna, president | 4; f the Capital Traction Co., in a letter t lmckh:lden conveying the $1.75 per chare dividend checks reported an im- rrovement in March traffic and also noted 8 new agreement with the com- pany’s employes. He said: “The agreement between the com- rany and its ized employes executed in March, 1926, expired on March 30, 1929. A new agreement was rxecuted on March 20 of this year after regotiations with representatives of 1he employes. This new agreement rrovides for improvement in working conditions at the same rate of pay which was in effect throughout the trm of the three-year agreement just czpired. ‘The new ment is similar tn the old one in that it is for a period f three years and provides for & re- consideration of the wage rate at the cnd of each year on 30 days' notice by ither y. i the mxmberd o;e m in January an - ::‘m as compared with last year, arch traffic shows an improvement cver March, 1928.” ‘l e Open. High. Anitibt Po pf(§ ¥ ¥ Adams Miillis(: Adv Rumley ' Ahumada Lead Alr Redota (13, Ajax Rubber. Alaska Junea 6% 6% Alb&Susq(t11). 211 211 Albany Wrap Pa - 16% 16% 16% Alleghany Corp. 20% 33 20% Alleghany A 5% 100 101% 100 Allied Chem. ... 2664 272 2664 Amerada(2).... 88 ¥ 32 Am Agricul Chm 16% 1% Am AgriCh pt.. 58% 61% Am Bk N pf(3) 60% 60% Am Bosch...... 5% b6% Am BrSh(h1.60). 54 54 AmBShoe pri7), 122% 122% 122 Am Brown Bov,. 27% 3l% 2% Am Brown Bopt 82 87 80 Am Can (14 118% 126% 118% Am Can pf(7 141% 1413% 1€1% AmCar&Fay(6). 981y 9% Y8} Am Chain pf(7). 75% T6% 76% Am Chicle (3).. 50% 62% 50% Am Encaus (2) 38ls §8ly ¥8h Am kizpress(§). 3562 Am&ForPo(fts) Am&For Pow 2d. am :.fin L pr. Am'Ice (13). Am 1cé p6) Am Internatl Am Locomot($ Am Ma & Fy(4. Am Metalsi3). . Am Nat Gaspf 7 115% 117 165% 165% AmPo&Lt pf(8)i 99% Am Radiator(p) 1774 180 Am Rad ctfs (5) 177% 177% 1611 161 561 56% Am Saf Raz(18) 66% 70 Am Seating(3).. 35% 36 Am Ship & Com. Am Shipbldg(8). 87 Am Sm&Ref(4). 107 AmS&Rpf(7). 135% 135% Am Snuft pf(6). 110 110 AmSiLFAva3). 65%, 0% Am Steel Fy rt: 2 2in AMSURBE . avee 20 T20% Am Sumatra(3). 48 43 Am Tel & Teltd) 217 221% Am Tobacco(8).. 165 167 166% 160% 143% 144 AmWW&EI(el). 8L AmWWist pf(§) 99 Atchison pf(6. Aul Coast L(1: At Guit& Wi.. AtlGulfpf (4).. 57%W 57% Atlan Ref(t1%) 584 58% Atlan Ref pf(7). 115 115 Atlantic Ref rt 8t . ol Auto Saies. 33% 3% Auto Sales pf(3) 41 43 Baldwin Loc (7). 259 267 Lallo & ULS) 121% 1244 bang& Ar(3%). 67 ®’ Bang & Ar pf(7) 105 Barnet Leather. 13 48% 48% 8 Bethlehm Stl(4) 106 Beth Steel pi(7) 119% 120% Bloomingdale... 5% 60t Booth Fisheries, 6% 6% Gorden Milk(6). 181% 182% Boston & Me(6). ¥5 85 Briggs MIgFCo. 43% 44% Bkiyn-Man(4).. 73 74 BrownShoe(2%) 38% Sa% Chapter Has Busy Calendar, Al calendar of the Washing- hr’fhe clu%flulr, American Institute of Zanking, is one of unusual activity. Zccording to President James A. Soper tais schedule provides for the nomina- tion of delegates to the Tulsa conven- tion on April 11, and the election of convention delegates on April 25. The midyear open meeting will be held April 18 in the auditorium of the new McKinley High School, where first semester certificates will be presented, rnd & of entertainment offered by the women's committee. On April °8 chapter officers will be nominated for the new year. The annual election e Mt\nh:"r'im campaign com At a meel of - last night at headquarters, further plans were perfected for push- ing the election of T. Hunton Leith 1o the executive council of the national | crganization. Transter Company Purchased. Announcement is made today that {he Big Four Transfer Co. of Washing- ton, which has been operating a long- distance moving company for the past 10 has been taken over by the United S\‘»:tlj Storage Co., 418-20 ‘Tenth sireet. Walter W. aIlf;ll !lnd dPlul E. Toll;en, formerly president and secretary, Te- :;ectlve’ly,p of the Big Four Transfer have -m!hw& '.hemelve:m w‘l‘:.;; rt‘h': 'age company manage Al ‘he long-distance removal department for the United States Storage Co. | Heard in Financial District. B. Larner, t of the \V:m‘“I Loan & Trust Co., who is confined at the George Washington Hospital as the result of a fall in which cne of his legs was injured, is reported as showing steady improvement. Charles J. Bell, who recently under- went an operation at the Episcopal Eye, Far and Throat Hospital, has been back at his home for some time and is mal a steady recovery. 7 lden Donaldson, president’ of Bank, is still ‘The board of directors of the Metro- politan Bank yesterday declared the Beunswick B(3) 464 46% Brunswick Ter.. 6% 26y Bucyrus(l)..... 33% 33% Bucyrus cv(2i) 4dls 43l Buff R&P pf(6).. 100 100 EBuros Bros(B).. 31% 31% ros pf(7) 100% 100% m(g2). 67 6T de(7).. 1085 105% Bush Ter pf(7). 115 115 ButteCop & Zine 7% T4 Butte & Sup(2). 9 9 Butterick Co....' 32% 34% Byer & Co......; 149% 155l Calif Packg (4).. 74 74 Cullahan Zine... 3 3% Calu & Ariz (6). 125 129% Cal & Hecla(4).. 5l% bs% Can Dry (14%). 83% 835 Can Pacific(10). 232l 236% Canon Mtils 2:30. Case Thr pf(7).. 1. Cavanah Dobbs.. Dobs pf 6%. otex Co (3).. Celotex pf (7)... Cen Aguirre(2). Sent AllOY12)... Ry NJ(112). tury Rib . Cerro de Pas(6). Ches&O pf (8%) C &0 Corpn(d). Chi & Alton..... Chi % Alton pf.. Chl & East 111 pt ChiGreat West, Chl Gt West pf.. Chi Ml & StP.. Chi Mil & StP pt Chi& Nwn (4).. Chicago Pn Tool. Chi PT pr(3%). CRIRI&P (1).. CRI&PpI(6). CR1&P pf(7). Chi Yel Cab(3).. Chickasha(3) Childs(2.60). Chile Cop (3 Chrysler Mot(3) City Ice (3.60). . City Ice pLesis). City Inv Co(10). City Stores new. Cluett-Peabts). Coca-Cola (A). . Coltins & Aikinn Col & Ak pf(7). ‘ol Fuel & Iron. Col Gas & E1(6). 8% 43 100 3l 100% 67% 108 115 % 9 32% 149% 3% 3 127% 50% 824 231% 40 440 4 22 122 122 33 38 33 101 101 101 5% 65% 90 %0 65% 34% 34% 34w 215 9% 14% 17% 58% 218% 2% 4% 19% 59 18% o5 Baly S4% 103% 103% 160 160 21 2% 62% 62% 485 4% b8k 59 9 64 67% 13815 1384 semi-annual 5 per cent divi- T dend, payable April 15 to stockholders of record. Books will be closed from | Col Gas&El new. Col G&E pfA(6) Columbia Graph Col Carbon 4% . ‘Com Credit (2).. 66% 56% 104% 104% 2| Com Cr pf B42). Com Cr pfi1% ). " | Com Inv Tr(34). Carried Right to Golden Gates. In his talk to Washington bankers the other evening, Register of Wills| eodore Cogswell was reminded of the | story of the lawyer who said to his! client: i “How's this? In your will you have | bankers r pall- right, but Com 1In Tr pf 6% Com Solv (h8). . | Com Power (t4) Conde Nast(2).. Congoleum-Nair Cong Cgrs (6).« Consol Cgrs (7). ConCigprpf(63%) 92 92 Con Fiim pf(2). 26% .26% Comsol Gas (3).. 102% 103% ConsolGaspf(b). 99 99 Consol Textile.. 3% 4 Container B 60c. 9% 9% Cont Baking A.. 62 65 Cont Baking B 9% Cont Rak pfe8). 91 Cont} Can 12%). :;!fi )i Contl Mot«80¢). Corn |P“od (;:). Coty, ine (82).. Cresley Rad (1). [97!s Crucible Sti(s). 89 CubaCureSugar. 3% 8% nu»,e-m.u-;i . 1‘& '1& . Cuban-A Sug pf. )¢ 5b% b5o% 664 Curtiss Aerotl). 147 150 146% Cuyame) Fruit.. A% TN B4% Bdia Davison Chem.. B3% B54% 534 DeereaCo pr(7). 122% 1224 1224 Dol & Hud(9)... 188 190 186 Del L& W(t7),. 127 128 127 Den RG Wnopf.. 683 69% 68% Detroit BA(8)... 254% 254% 2543 N 152% 127 % % 1% T 6% (:Du Pont deb(6), Dug Lt 1st(5. Durham Hos. Eastman pf(7) Baten Axle (3) Elec AutoL t4% | Klectriv Boat. .. KiecPowd Lt ElPopt % pd 7 Kleo PELTVI(T) Elec Stor B (§). nd-John Endlcott pf(7). Eng PubSer(31). kquit Bldg(2).. krie R R. Erie 18t pf, Er1e 28 PLo ey s Oven. Hish, Low, 114% 114% 116% 136 140 135 9 12% 18 112 6t 6% 64% T e 176% 180 176% 118 118 118 100 100 100 8 6% 126% 126% 65% 63 143 138 18 15% Eureka Vae (4). EvansAu L $2%. Lxchange(1%). Fuirbanks(3) Fashion Park. FedLt&Tra $1% KedL&Trac pf Fed Mot T(80e). Fidelity-Phoenx Filene's pL(8%). First NatS(14) Fisk Rubber. ... Fisk Rubber rts, Fisk Rub 1st pt. Fuller prpt(e). Gabetal Snub A GenElec ap(6ve) Gen'Gas pt A(7) GenG&E1 A(S) Gen Gas pf B(7) Gen Mills (3)... Gen Motors (3). n Mot pf(7).. nOutdrAd(2). n Outdr Ad(4) n Ry Sig(6). . Gen Refrac t3% . Gillette S K (5). G -mbel Bros.... Glidden (11%).. Glidden Oll(rts) Glidden pr pf(7) Gobel (Adolph). Gold Dust (new) Goodrieh(4).... Goodrich (rts) Guodrich pf(7) Goodyear 1ire. . Goodyr 1st pf(7) Gothm ny(2%) | Gruham-Paige. Granby Min (7 Grand Unon. Grand Un pf(. Grant W T (1) Grt North pt(s Gt Nor pf cfs(5) GrNorOr efs 315 Grt Wo Sug 2.80 Grt Wn Su pf(17) Greene Cana(8). Guantanamo Su. Gulf Mo & Nor.. Gulf Stat 8tic4). Gulf Sta 1s1(7). Hack W pf(1%). Hahn Dept Stor., Hahn D S pf 6% . HamiltonWpr¢) Hanona M A (7)., Har & Walkr(2) Hartman A(2)., HavEl Ry pfi§). 29% 58! 55% 4 13% 7 26% Hershey pr.pf(8) Hollnd Fu(e2%) Housenold(14).. Houston Ofl.... Howe Sound (4).. Hud Man(24).. 9% | Hudson Mot(6). Hupp Mot(£2)..: 1liinots Cen(7).., 1nd O & Gas (3). indian Mot (1).. Indian Refining. Indian Ref (rts). Indian Refg cifs Ingersoll-R(16) nd Stl (3%). Inspiration C(4) interboroRapTr. Internat Agri... Intl Bus Ma (5). int Coment(4). . Int Com Engi2). tnt Comb pt(7). Int Harv (2%).. int Mtch pt 3.20. int Mer Marine.. Int Mer Mar pf.. Int Nick,Can 80c Int Nickel p£(7). Int PakPoA2.40. ' | Int Papr & Po B. Int Papr & Po C. Int Pa&Po pL(7) * Int Prig lnk 2% Int Prtg Ink pf ¢ Intl Silver (3). intl Silver pf(7 Int Tel & Tel(§ Inter Dept 8(2) Johns-Manv(3).. Jordan Motor... Kan City Sou(6) Kelvinator Corp. Kendall pf (6) Kennecott (£ Kinney (G R). Kinney pf(8). Kolster Radio. Kraft-Pho(1%). Kresge (1.60). Kreuger & Tol Kreuger&Co rts. Kroger Grotel). Laclede Gas(10) Lambert Co (8). Lee Tire & Rub. Liehigh PC pf(7) Lehigh Val Coal Leh ValC pf(3). * LehighVali3dg). Lehn & Fink(3). Lig Myers(t5).. Lig & Myrs B 16 1.:ma Locomive. Link Belt (2.40). Liquid Car 14% . Loew’s (18). 10018 GasA 1.76, Ludlum$Sti(2). . Ludlum 8 pf 6% Mae And( Me Cal 4 McGraw Hill(2) McKeespt Tin P Vinck 'll;nmk’ Maey Co (et kara | Mad Eq Gar 134 Magma Cop (5). z§u|= M Marmon Mot(4) Martin-Parry... May Dept 8(4).. Maytag (13).... "22% My Co. . Mtates Oop {00+ oo o Cont P (3. 150 Micland D112} ‘MStP&SSM 11(4) Kan Yo Kaves prit) o | Pacific 54% 122% 186 128 69% 254% Close. 114% 189 9 us 64% 21 177% ! | | | Mohwk Car 2% Mont Ward 2% Moon Motor. Mother L (4 Motion Pic Corp Motor Prodi2). . Motor Prod(rts) Motor Whi (2). Mullins Mfj Murray Corp. Nat Bellas H $1. Natl Biscuit(17) Nat Cash Reg t4 Nat Dairy (33). Nut Dept Stores. Nat Distilies. . . t Distillers pf Nat Enamlig (1). t Pow&Ltil). at Radiator. Nat Ry Mex 24, t Supply(18). Nat Surety (8). Nat Tea (1%4)... Nevada Cop (3). N O Tex&M (7). Newport A (3).. N X Alr Brid).. N Y Centralt$ N Y CStL pf NorAm Ed pf(7) No Ger L1d 3.41. Nortn Pacts) Nor Pae cfs(5) Norwalk Tire... Ofl Well 8 pr Oinnibus. . OppenhmCol Otis Elev (6) Otis Elev pf( Otis Steel. Otis Stl pr pi Owaens Bot (ed). Pacific Gas (2).. i'an-Am Petroim Pan-Amer Pet B Peerless Motor. Penick & Ford. . Penn Dixie Cmt. Pa Dix Ct pf(7). Penn RR(3%).. People’s Gas(8). Peoria & East. .. Pere M priort§). Pot Milk (1%).. Ph. RC&I. Phila&R C&I rts nil Morris(1).. Phillips P (13). :nrco-;\n-n'... Por RIcOTOA(7 PortoRicoTobB. Postal T&C pf Postum(3)... Prairie Oli&Gas. Prairie PL 133 Pressed Stl Car. Produ & Refinrs. Prophylactio 14. 5 | Public Serv 2.60. Pullman Cot4) Pure Oil (1). Pure Oil pf(8). Purity Baking. Radio Corpn. RadioCo pf(3%) Radio pf (B).... Radio-Keith(A). ReadingRy(4).. Real 8iik Hos. Richfield Ofl (2). RioGrande Oil 2. Royal Bak P1). Royal D(al.336) StL&SanF pf(§) SiL&Southwt Savaze Arms(3) Sears-Roe(32%) Seneca Copyer. . Shattuck FG(2). % | SimmsPet(1.60) Sinclair O11 23 Skelly O11¢3! Sloss-Shef (6 SoPo R Su t3%. South Cal Ed (2) Sou Cal Ed(rts). South Dairjea B. South Pac($)« South Ry (%) Soutb Ry pf(5). SouRyM&O cfs ¢ Spalding (1.60).. Spang Chaifor. . Sparks With(3). Spear&Co pf(7). SpicerMfg pf(3) Spiegel Co (3).. Stand Com T(1). SIdGER (3%). St G&E pf(4). Std Milling (6). Std.0 of Cal(13) StadOIINJI(11%). StdOlINY (1.60). Std San go( 1.68). Stewart. Warl( Stewart War n T TexasGulfSul(d Texas & Pac(5 T&P.C&O (D% Tex Ld Trinew) Thatcher Mfg Thatehr pf 3.60. The Falr pf(7).. Tidewater AsOfl - TidewatrO(30e) Timken RB (3). o 1rod (1 49 NEW YORK STOCK EXCHANGE Low, Close. Open, High. 8% 116% L) 4% 364 30% N Y & Harlm(§) 3 H&H 39% 20% 17 143% 8% 128 107% 110% 33 33% 85 86 63 68 111% 111% 78% 80 57% 69 42% 43% 4T% 48 Thacco Prod(A). 20% L A) .. Transue & W(1) Trico Prod(3%) TruaxTraer 1.60 Undwd-E1 F (4) unlne-u;l) . U'S Distributing Direct to The Star Office | U S Leathr A(4) 8% | U S Lea pr pf(7) U8 Realty(4).. U S Rubber, 3564 | U S Kub 1st pi 130% | U S Smeilt(33). 500 | U 8 Steel(7)..., 63| U Pio tue phls nt Plc 1st pf(8) - 86 67 | Univ Pipe & Rad 1013 | Uti) PEL Ace2). 190% | Vadasco Sales, .. Van Raalte pf, 130% | Vick Chemu4). .. 123 | Va-Caro Chem. . 33% | Va-CarCh 6% pf. 42% | Vulean Detin. .. 76% | Vuican Detin(A) 32| wabash. .. 1 Waulworth(1.20). “; Ward Baking B, 3 Warner Bros Ple “3: Warner pf(2.20) So1 | Warner-Quiz).. 131 | Warner Qu(rts) 3 Warren F&Pipe. Wabster-Eis rts. 185 | Wesson Q). esson O pf (4) 107% | W peun BIA(T). . | W Penn El pt (6 w Maryland. | West Md 2d pt., % 149% 33% 33% 36% White Roek (3). e White Sew Mach White SM pf(4). Wilcox (A) 2% Willys Ov c1.20 Willys-Ovd pt Wilson & Co. Wilson Co pf 19t Woolworth (6) e Zul: Worthn Pump. 485 Wright Aero(2). 255 Wrigey ((13%). k(] Yale&Towne(4). 66% Yellow Truck. . 40 Young Spgs 12% 574 684 bT% 58K Voungstn Shis). 125 150 126 129% Hourly Sales on N. ¥. Market. am.. 300,700 12m... 1.363,500 p.m. 2,560,200 2:15 p.m 2,391,000 Dividend rates as g1ven in the above tacie are the annual cash payments based on ine il- deciara 664 66% 40 38 £y 330Ck, B Parily jstock. i Plus 2. 1n r Stores common stock. 5 Plus DEFER JEWISH MEETING. LOS ANGELES (#)—Women repre- senting 235 local organizations with a total ip of 52,000 will meet here next January when the twelfth triennial convention of the National Council of Jewish Women is convened. This meeting was originally scheduled for N:;flnber, but the date has been cl Mrs. Joseph E. Priend, president of the council, completed all -rnfif:menu for the convention recently wi visit- ing Los Angeles. Mrs, Gold- smith, president of the council of this city, will be in active charge of ar- rangements here. RELATIVES IN HOUSE. SPRINGFIELD, Mass. (£).—A mem- be of the Massachusetts Legislature now ‘l‘:’l a fellow legislator as his mother- -law. John Kendall Joy, jr, is a Repre- sentative in the State Legislature. He was married recently Miss Lydia Brigham. Mrs, Fred Brigham, mother of the bride, is likewise a member of the State House of Representatives. chosen from a district adjoining that of Re tative Joy. It is belleved that Joy and Mrs. Brig- are the only tors in the country related to one another as son- in-law and mother-in-law. LEAD PRICES REDUCED. NEW YORK, April 4 (#).—The Amer- ican Smelting & Re! Co. today re- 7.50 cents a pound. ———— GERMAN BONDS AND STOCKS. NEW YORK, April 4 (Special).— Bid. Asked. Ger Govt Red Loan with draw- ing ctis attached per 100 R M. 55.00 60.00 Ger Gt Red Loan without draw. ing ctis perl00 R M. | ihout m; "4%as pre-war 22.00 35, i919.... “2.38 North German Lioyd 4% 1921, 58555888 e23 o BobaBBSSALBEES nonBiBe 88883333883333 2333338 TREASURY CERTIFICATES. (Reportea by J. & W. Seligman & Co.) FOREIGN EXCHANGE. miu. (Quotations furnished by W. B. Hibbs & Co.) W'I Nominal gold Selling checks ir). (Reported by J & W. Seligman & Co. o 335!5'_2 88:8815!828 & % 8% Market |1t was confident there fining equ: duced the price of lead from 7.75 to STOCKS GO HIGHER ONEASIER CREDIT Reverses Downward Trend and Turns Sharply Upward. BY GEORGE T. HUGHES. Speclal Dispateh to The Sta NEW YORK, drops in call money from the renewal and then to 6 per cent, the last 10 min- utes before the close, combined with optimism about immediate credit de- in brokers’ loans to Federal Reserve statement after the close. would be no change in the New York bank rate 1today. It looked forward to & favorable decision in the O’Fallon case by the Supreme Court next week. Rails and industrials were both high- er at one time or another. The late features included United States Steel, up over 5 gglnu; , New York 1t was the independent steel shares which furnished the rallying point for the rest of the list this morning. Beth- lehem Steel was in active demand from the start and steadily forged ahead until above 110. It was up 5 points on the day. Estimates of the earnings for the current quarter ran as high as $4 a share, but what was more important, the stock showed by its action that it of powerful interests. pol little slower to respond, but before noon it, too, was selling more than 3 points higher on the day. American Can was among the strong- est of the seasoned industrials. Mont- gomery-Ward recovered the loss of yes- terday in large part. General Electric ran up from 4 to 5 points. Copper stocks, which had been heavy in the first hour, rallied moderately. All these movements wge helped n:..l'onl:° by short covering, 1llustra w easily the mnke‘t“bemu oversold in these days. In the first hour, when the movement and hesi ¢ et ¢ | sion. PARIS BOURSE PRICES. PARIS, April 4 (#).—Prices were | easter on’the Bourse A Three per cent rentes, 72 francs 70 centimes. Five per cent loan, 99 francs | 10_centimes. ¥ | Exchange on London, 124 francs 2115 + centimes. dollar was quoted at 25 | trancs 607, centimes. 'SMOKE SCREEN ELEMENT | MADE INTO RARE METAL There Is No Present Use for Tita-| | nium, Discovered at Rensselaer | Polytechnic Institute. TROY, N. Y. (#).—An element. from {which smoke screens were made in the | World War has been converted into a ‘r:;;e 33&1 at Rensselaer Plytechnic In- stitute. titanjum chloride and the metal titanium. ‘There is no present use for this metal, but it is being made experimentally on the well establ & new substance is mercial and scientific worl useful lications. The de of the war-time smoke screen is a liquid and is the middle stage of titanium. It comes from earth in form of a metallic substance, m;;:‘ium oxide, usually found with iron. is surface of the sun. In pgelxted titanium, a metal the color of steel. —e Capital Increase Approved. NEW YORK, April 4 (#).—Stockhold- ers of National Water Works Corpora- Early Ty April - 4—Buccessive | ploiting rate of 10 per cent first to 8 per cent|ang zine velopments, mmmg.nmrmy pool in 0% | in the stock market today. a i | to have been greatly Jast ings reached $2.01 a share in 1928. ‘The smoke screen was from | OIL FIRMS’ PROFITS _ COVER WIDE R 3 ANGE Lo:.‘g‘!u‘l Eli.lmleinl Special Dispatch to The Star. et us have your application R A 1ok . No Appraisal Fee The Commercial National Company Pald up Cash Cavital. $900.000 Commereial N: Bank 14tn G —_ If you necd money for The Commercial Naticnal Bank Pays interest on DAILY BAL- ANCES on_ Savings Accounts. 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 last year should exceed this average slightly and increase even more ||| ™ GO“PEN DONALDSON, President in 1929, Barnsdall must be considered e, along with other companies concentrating on production of ofl. Tidewater Associated. The Tidewater Associated Oil Complete Investment Service com] produce, transport, refine and sell petroleum products. The hold- ing company now owns 78 per cent of Tidewater and 97 per cent of Asso- clated common stock. The latest re- port of the company shows conditions improved. Earn- Boyal Dutch. The Royal Dutch Co. was incor- porated in the Netherlands in 1890. Originally it did a local business in the Dutch East Indies, but soon ex- panded rapidly. Royal Dutch has now, either through wholly, or partially owned subsidiaries, an interest in the production, refining and distribution of ofl in many coun- tries. About 35 per cent of the com- y’s oil is produced from its wells the United States, 20 per cent in the East Indies and 45 per cent else- where, chiefly in Mexico, South Amer- ica, Russia and Rumania. “New York Shares.” From an American point of view, one of the most interesting subsidiaries of Royal Dutch is the Shell Union Co., about 72 per cent of whose stock is owned by the Royal Dutch and Shell Transport interests. Shell Union, for some time a leading producer and dis- tributor on the West Coast, has beel expanding rapidly throughout the coun- try, lately moving into the South and in the last few yeeks along the At- iantic Seaboard. While Royal Dutch probably will always remain Dutch, and continue to show its balance sheet in terms of florins, & small pro) n of its shares have been brought to this country, where they were divided into smaller units and listed on the New York Stock Exchange. Like many other leading oil com- panies, Royal Dutch is extremely con- servative in its balance sheet figures. Its total investments, for example, are $140,000,000, while its interest in Shell | Union alone, disregarding other ex- | tensive properties, is probably worth | that amount. | GreLeT & Co. BANKERS INVESTMENT BUILDING WASHINGTON, D.C. Telephone, Main 1460 Are your Apart- ments renting? —If not there is a reasom, d will make it our business to find out what it if you place your proper- ty in our s to manage. B. F. SAUL - CO. Main 2100—925 15th St. e | Berlin taxicabs are to have a uniform | i G. M..P. MURPHY & CO. New York WASHINGTON Philadelphia Richmond MEMBERS New York Stock Exchange Washington Stock Exchange Richmond Stock Exchange New York Produce Exchange New York Curb Market Copy of our “Fortnightly Review" on Request 1508 H Street Connecticut ‘st K Main 9600 Private Wires and Telephone te New York ........uull"l Anniversary Program To mark the Over a Coast ~ TONIGH 5 4 beginning of its second year of weekly radio programs, Halsey, Stuart & Co. tonight presents a program of special interest to all radio listeners. . . . . . . . Mr. M. H. AYLESWORTH, President National Broadcasting Company speaking on this program as head of the most extensive broad- casting system in the world, will suggest how radio can be of widest usefulness in your home. You will hear a talk well ‘worth listening to—supplemented by delightful music. HALSEY, STUART & CO. RADIO PROGRAM 1o Coast network of 36 stations -.uocmedwhh the National Broadcasting Company —every Thursday evening. T—WRC—JO O’CLOCK o PHTC ERHCRC PN R SET R