Evening Star Newspaper, April 13, 1929, Page 24

FINANCIAL. . 0., SATURDAY, APRIL 13, 19%9." NEW YORK STOCK EXCHANGE Received by Private Wire Direct BALTIMORE: MAN 10 LEAD BANKERS Newcomer Named at Rich- FINANCTAL.” Money to Loan Secured by first deed of trust on real estate, 5 _interest and co Josey Ll. Weller &3 Wesh L FIRST TRUST LOANS Low Interest and Commission Rates. Prompt Service - THOS. E. JARRELL ‘co. ltors 721 10th SI. LW. Main 766 Special Dispatch to The Star. BALTIMORE, Md., April 13—Pota- toes, white, 100 pounds, 65a90; new Ppotatoes, 1.25a2.00; yams, barrel, 2.00a 3.25; sweet potatoes, barrel, 2.00a3.25; | asparagus, dozen, 1.75a4.50; beets, crate, | 2.50a2.75; beans, bushel, 1.25a3.25; cab-~ | bages, ramper, 50a1.20; carrots, bushel, In Nearby Virginia 5%% ..,‘1:'::’..‘:‘:“9:0. Commonwealth lnvell ment Co. Open. High, Low. Close. 41 41 41 4L 660 650 29 ° 29 90% K9 8915 88% 3 3 102% 99% 38 ., M I'/Q ¥i% 83% 30 30 30 1% 1% 1% l2§ 125‘\ 127% Clese. l“/: OppenhmCol(4). 11| pac conat 2 pt. ,“% Pac Of! Stubs 100 Packard (13%) 54 Pan-Am Petroim ' | Pan-Amer Pot B Panhan Paramou Pirst NatS(1%) Fisk Rubbe) Fisk Ru 50% pd. Fleischman 3% Florsheim pf(6) Foundation Co. . ox Film A(4) 387 | Frank-S pf(7) ‘. 1065, AN 1bl Power... Exp(6).. 650 Adlml Millis(2) 29 Adv Rumley.... 90% Adv Rumley pf.. 89% Ahumada Lead. 3 Alr Redctn (+3), 9974 381y Oils Lead Demonstration Near Close—Volume of mond Meeting-—Local Bank Increases Capital. BY EDWARD C. STONE. Floyd E. Davis, president of the Lin coln National Bank, was elected a m~m. ber of the advisory committee of the Stockholders’ Association of the Federal Reserve. Bank .of Richmond at the annual meeting held yesterday in the Virginia cap- ital. About 200 bankers were pres- ent, including a large delegation from Washington. Waldo Newcomer of Baltimore was elected president of the association for the comirg year. Other officers chosen were F. F. Beattle, Greenville, Tl vice presi- dent, and GE?\"(E H. Keesey, cashier of the ngeral Reserve Bank of Rich- mond, secretary; this honor being ac- corded him every year. E. P. Vandiver of the North Carolina National Bank, Anderson, S. C.. was named as chail man of the advisory committee, and six new members of that committee, select- ed for a term of two ygars, are: _George R. Gt of Westminster, Md.; Floyd E. Davis of Washington, D. J. F. Strother of the First National Bank, Welch, W. \a : C. S Carter of Dominion National { Ba Bristol, Va.: W. L. Glover of the Edisto National Bank, Orangeburg. S. C., and John M. Miller, III, of Citizens’ National Bank, Gastonia, N. C. Gov, Seay Makes Address. George J. Seay, governor of the Richmond Federal Reserve Bank, in his address to the association reviewed informaily the bank's operations and volicies in the past year. He discussed the formal annual report recently pub- lished, showing net profit for the yvear ended December 31, 1928, of $1,118 with dividends paid totaling $370,682.98. The bank paid as franchise tax to the United States treasurer $673. 44890, after transferring the sum of | $74.827.65 to surplus account. The governor said that the total franchise tax paid to date by the Rich- mond bank amounted to $5,323,000, and the total amount paid by the Federal Reserve system was $142.826,000. C. E. Tiffany of Warrenton, president ©of the stockholders’ association, in his | address urged a greater co-operation | of member banks with the Federal Re- serve institution, particularly in a close scanning of trade paper accepted them. Gov. George J. Ses McKee Lauds Officials. H. H. McKee of Washington, pre senting the report of the stocknolders advisory committee, praised the officials of the bank for their efficient man- agement and said that no suggestio for improvements had been made by the member_banks. ¢ Officials of the stockholders’ associa- tion and the bank declined to state what discussion there had been of steck speculation and the Federal Re- serve Board's policy for restricting the volume of speculative loans. but it was intimated that some vigzorous opinions | on the matter were expressed. A guest at the session was Charles Hamlin of Washington, a member of the Pederal Reserve Board. Six directors of the Richmond bank were present, the remaining three being absent in Europe. Those present. were W. W.| Hoxton of Richmondchairman of th2 board: L. E. Johnson of Alderson, W. Va.; James C. Braswell of Rocky Mount, N. C. Junius P. Fishburn of Roanoke, Edwin G. Graham of Washington and Frederic A. Delano of Washingion. Savings Bank Doubles Capital. At the annual meeting of the stock- holders of the Washington Mechanics' | Savings Bank held yesterday in Alex- | andria, Va., the following directors were | elected: Walter K. Bachrach, Clarence F. Burton, Ezra Gould, Mahlon Groo, | ‘Thomes J. Groom, George Hayes, | Charles J. Kappler, L. Hoyt Lamb, Jesse B. K. Lee, Edward F. Pickford, s, Edwin E. Roberts, E. Hume | P. P. Williams, John P. F.| White and E. 5. Wolfe. The stockholders also passed a reso- lution authorizing an amendment to the bank's charter increasing the cap- ital stock from $50,000 to $100.000. | Ezra Gould, president of the bank,| reported that the bank had shown| steady progress during the year and ! that there had been a gain in deposits | since the last annual meeting of about $500,000, this being the largest gain in deposits reported at any annual meet- | ing. He reported that the bank had paid 22 per cent dividend to its stock- | holders and a substantial amount had { been credited to undivided profits. | The following officers were re-elected | to serve for the ensuing year: Gould, president; Thomas J. Groom, vice president and cashier; Offutt, assistant cashier; McCarthy, assistant cashier; L. W. Davis, assistant cashier, and M. H. Buckingham, assistant secretary. | Am Ajax Rubber. Aiaska Junea Alhnly Wrap Pa Amal Leather pf Amerada(2).... Am Agricul Chm Am Bank N(13). Am Bk N pf(3). Am Bosch Am BrSh(h1. 60) Am Brown Bov. Am Brown Bo p! Am Can (14) AmCar&Fdy(8). AmC& F pf(7). Am Chain pf(7). Am Express(6). Am & For Pow.. Am&For Pow 2d. Am Hawa SS(1). Am Hide & L pf. Am Home Pr(3) Am Ice (13) | Am Internatl 12, Am LaFr&Foam Am LaFrance pt Am Locomot(§), Am Loco pt(7). . Am M&FDf ew 7. Am Metaisi3) Am Metals pf(6) Am Plano.... Am P& L (11) AmPo&Lt pf(6): AmP&LDE sta 5. Am Radiator(5) AmRad&Std San Am Ry Ex6).., Am Republi Am Seating(3).. Am Sm&Ref(4). Am S & Rpfi7). Am Snuff (12) 1l kd Am Steel Fy rts. Am St Fy pf(7) Am Sugar. Am Tel & Ca(5). Am Tel & Tel($) Am Tobacco(8). AmWW&EI(cl). Am Woolen..... Am Woolen pf. Am Writ Pz ctfs Anaconda (new) Anaconda (rts). Anchor pf (6 Andes Copr ( Archer Daniels. Armour LiliA)., Armour 11I(B).. Armour 111 pf(7) Arnoid Con & Co Artloom (2)..., Act Metalildg). AssoDryG(234). Archison 10). Atlan Ref(t11) Atlantic Ref rts, AtlasPowder(4), Balto & O(6).... Balto & O pre4). Bang & Ar pf(7) Barnsdall A {2). Beacon 011 Beecn-Nut (3).. Belding-Hemwy Bost & Co(3)... Bethlehm Stl(4) Ricomingdale. .. Blumnthli pf BohnAI&Br 1313 Horden Milki6) Sorg-Warnr (4) Briggs MixFCo. Brockwy Mot(4) Bkiyn-Man(4).. BklynUnGas(5). BrownShoe(2% ) Brunswick B(3) Brunswick Ter.. Bueyrus(1). . Bueyrnsevizg) | Buft R&P pr(6). 105'% 39 ! 8% | Freeport T (4).. 6% | Gabriel Snub A.. Gen Am TC(14). Gen Asphalt..., Gen Asph pf(§), Gen Bakg pf(8). Gen Cable. Gen Cable pf(1). Gen Cigars(4) Gen Electrle Geplilec sp(8 Gen Gas pt A(7) Gen G & EI A(8) Gen Gas pf B(7) Gen Mills (3)... Gen Motors (3), Gen Mot pf(7).. GenOutdrAd(2). Gen Outdr Ad(4) Gen Ry SiR(5). . Gen Ry S pt(6).. Gilletie S R (5, | U'mbel Bros Gimbl Br pf(7).. Glldden (11%).. Glidden Oil(rts) I Glidden pr p£(7) Gobel (Adolph). Gold Dust (new) Gold Dust pf (6) Goodrich(4).... Goodrich (rts). Goodyear Tir Graham-Paig Granby Min (7 Grand Unon. . Grand F&W (1). Grand Un pf(3). Grant W T (1).. GrNorOr cfs 31 Grt Wn Sux 280 Greene Cana (8). Gulf Stat Sti(4). Hahn Dept Stor. Hahn D S pf 6% . Hanna M A (7)., Hartman A Hartmn B Havana El Ry Hawaiian P (2). 84 6% b2 1000 80Ty HAersney Corp. Hershey pf(4 Hershey pr pf(6) Hoe& CoA..... Hollnd Fu(e214) Homestake(17). tiouston Oil.... Howe Sound (4), Hud Man(23%).. Hudson Mot(5). Hupp Mot(12).. Hiinots Cen(7)., 1nd O & Gas (2). Indian Mot (1).. Indian Refining. Indian Refg cifs Indust Rayon. .. Inland St1(3%). Inspiration C(4) InterboroRapTr. Internat Agri Int Az Ch pf(7). Intl Bus Ma (§). ui Cement(4). . | Int Com knge2). Int Harv (2%).. Int Harv pi(7) tut Mich pf 3.20. Int Mer Liarine int Mer Mar pf. Int Nick.Can 80¢ 441y Int Paper pf (7) i Int Pa&loAz.40. Int Pa&Po pf(7) Int Prig Ink 2% . Intl Salt(5) Int Te: & To Inter Dept St Island Creek(4) . Johns-Manv(3). Jordan Motor. JordanMot (rts) Kan City Sou(3) inayser J(o). Keith-Albee. ... | Kelly-Spring... s | Kelly Tire 8% pt Kelvinator Corp. Kennecott (4)... BurnsBros pf(7) Burroughs (15). Bush Term(gz). Kinney (G R | Kolster Kadio. 631, | Kratt-Pho(13). Butte Cop & Zina Butte & Sup(2). Byer & Co.. Byer & Co pf(7) By-Prodets 12% Callahan Zine. Calu & Ariz (6). Cal & Hecla(4).. Can Dry (t41g). Can Pacific(10) . Canon Miils 2.80 Cent Alloy«2).. Cent Alloy pf(7) Century Rib M. Cerro de Pas(6). riain-teed I'ro Certo Corpnt3). Ches & UMOLIV) C& 0V Corpatd). Chi& Atton..... Chi & Alton pf. Chi Great West, Cnt Gt West pf.. Chi Mil&StP.. Chi Mil & St pt Chi& Nwn (4) ChIRI&P (). Ezra|CR L& P pfii). Cni Yel Cab(3) A. Scott | Chilas(z.40). Joseph M. | Chile Cop (3%4). Chrysler Mot(3) City lce (3.60).. Heard in Financial District. | Coca-Cola (A). . Roy C. Gasser of the firm of Ander- son & Anderson, New York City, and former personal counsel of the late Ogden Mills, was elected a member of the board of directors of the Mergen- thaler Linotype Co. to succeed Mr. Milis at a meeting of the board held yes- terday. i The newly elected board of directors | of the Bank Women's Club of Wash- ingion "eld a meeting last evening at | the home of Miss Mary J. Wintree, the president, 1517 Twentieth street northwest. Pleasure and business dis- cussions were combined. Members of the Washington staff of G. M. P. Murphy & Co. leave here for New York this afternoon to attend a complimentary dinner to Grayson M. P. Murphy, head of the firm. who is sail- ing for London soon to establish an of- fice there. The Boston & Maine Railroad has filed application with Interstate Com- | merce Commission asking for authority to issue $2,400,000 5 per-cent general mortgage coupon bonds, series. HH, due | March 1, 1932. The bond issue is corol- lary to the road's plan for paying ac- crued dividends on the Boston & Maine's preferred stock. Elisha Lee was made an elective di- ractor of the Pennsylvania Railroad Co., ta serve for the unexpired term of the Iate Samuel Rea, which expires in 1932. Mr. Lee is a vice president. Local bank({s attending the Stock- olders’ ation meeting at Rich- wond report the ‘session one of the niost interesting. It gave them an op- purtunity to exchange views on banking matters which right now are command- ing unusual attention, .. DUTCH FRUIT DEALERS FREIGHT BY AIRPLANE By the Acsociated Press. Dealers in fruit, garden produce and flowers in Holland have solved the prob. lem of transporting their perishable stocks by the use of airplanes. The Department of Commerce learns that two new freight planes will be put into wpm soon between Amsterdam and Airphnm have made it possible for London residents to enjoy at dlnner that merning in —e During the recent cold spell in Ger- ‘many more than'2,000,000 men were out of work, Collins & Aikinn Col & Aik pf(7). tol ¥uel & Iron. fol Gas & ElG). Col Gas (2)....s Cot G&LS pIA6) Columbia Graph Com Credit (2).. Com Inv Trei4). Com Solv «h8). . Com Power (14) Conde Nastiz) Congoleum-Nair Cong Cgrs (5).. Con Film ptez). ConCigpryf(6%) Censol Gas (3).. ConsolGaspfis) CunRItCuba pf 6 Consol Texti! Container A 1.20 Container B 6ve. Cont Baking A Cont Baking B. Cont Bak pf'8 Cont) Can (2%). Contl Mot(¥ic). Corn Prod (13). Corn Prod ptii) Coty, Inc (k2).. Crex Carpet. Cresley Kad (1). Crue:bie SU(b)% CubaCareSugar. Cuba Cane Su pf Cuba Company. . Cuban-Am Sug.. Cuban-A Sug pf. Curtias Aeroil). Davison Chem. . Devoe&R 15t(7) Diamond M (8). Dome Minest1) Dunhill Int (34). Drug Incid). . Dupont de N(4). Du P'ont deb§) . Bastman (18)... Eastman pt(7).. Baten Axle (3) Elec AutoL t4% Blectriv Boat. Elecl'ow&Lt(1). Elec P&Lt pti7) Elec Stor B (5). Eng PubSer(11). Kquit Bldgi2).. KrieRR....... EvansAuL $2%. Fairbanks Co. .. Fairbanks Co pf FedL&Trac pf 6. Fed Mot T(80¢). Fideiity-Phoenx FirstN P 1st(s) | Kres; | Kreuger & Toll.. Kroger Grotel). | Lazo ON1 Lambert C Lies 1ire & Hub. { Lentgh PC pr7) Lehigh Val Coal Lenn & Finkd). Lig & Myrs B 16 L.ma Locomive. Link Belt (2.40). Liquid Car t4%. Loew’s (13). Loritlard pf(7)% | Louisiana UL, . . Louis GasA 175, LudlumsStl(2).. Ludlum S pf 6. Mac And(12.35). Me Call Corpié) McGraw Hilli2) Melntyr ) McKeespt Tin Pt McKesson&R(2) Mack Lruck B Magma Cop (5). Mallison & Co. .o Man Klec Suply. Man v gtd(7) Man £t m2g1db) Man Shirt(z) Marland Oil. Marmon Mot (4). May Dept $(4) Maytag (12). Maytag pf (3 Maytag st pf 6. Melvle Shoe 1,40 Mengel Co. . MetroG pf(1.89 Mexican Seab Miami Cop (4) Mid-Cont P (2 Middle Stat Mid States ctfs. { Miller Rubber.. MSUPESSM H(4) Mo Kan & Tex. Mo K&Tex pfi7) Missour cific Mo Pacific (rts). Monwk Car 2% . Mont Ward 2%. Moun Motor.... Mother L (40¢c). Motion Fic Corp \|ul0l‘ Meter A.. Motor Frodiz). Motor Prod(rts) Muilins MIg. ... Munsingwi (3) Murray Corp... Nash Motors(6). Nash & Chat(7) Nat Acme 11). Natl Riseuit17) ‘Nat Cash Reg 14 Nat Dairy (33). Nat Lead pfa(7) Nat Pow& L) Nat Radator... Nat Ry Mex 2d. Nat Supply (18). Nat Tea (1%)... Nevada Cop (3). Newport A (3).. N Y Alr Brid).. N Y Central(8). 6312 | N Y C & StLe6). 148% | N ¥ C StL pf(6) 15% | NYNH&Hart(4) 624 | N ¥ unmwul- 105% | N Y Railwa; s 8l N Y State Rys n' 49 345 70 17% 170 126% Norf & Wn(110) NorAm b10% stk 631 10 | Nortn Pac(5).. Nor Pac cfs(5) 100% 1007e10i7s | Norwalk Tire 16% 16% 167 16'% | 0N Well Supply. 9N 97 1015 10 1 20 1007% NY Stm 1stpf 7. 1801 10% e & »7 28 151 X0 15% B (1.60)... . 6314 | North Am pf(3). 52 1 | Nor me)lM ety 130% B0 627 13 1331 | Peerless Motor 104 47 rk & T11(33).. 23 | Park Utah(80e). 89% | Pathe Ex. . 721 | Pathe Ex(A) Patino M (3.39) Penick & Ford. . Penn C&Coke. Penn Dixie mt. Penn R R(3%,) 43 ps-Jon(3). 111 | Bhil Mornisc1). . 76% | Phillips P (1%). 85 | Prerce Oil, .. Pi Pitts St pt(7). Postum(3). . Prairie OlléGas. Prairie P L 13% Pressed Sul Car. Pr Stl Car pf(7), Pullman Co(4) Pure Oil (1), Pure Oil pf(8)., Purity Baking. Radio Corpn. Radio pf (B). Radio-Keith(A). eading Ry (4 Real Silk Hos. (R)& Co. Remingtn-Rand. Reo Mot (11).... Republic Brass, Itep s & S(4). ... Reynlds (B)2.40, Lichteld Vil (2) RioGrande Oil Royal Bak P(1). Royal D(a1.336) Safeway (3).... St Jos Leaa.13), StL & San Fr3) Savage Armsid) Schulte (h3%).. Seaxraveiel.zv). Sears-Roe(32% ) Seneca Copper. . Shattuek FG(2). Shell Un(1.40). Shubert The(b). Simmons Co(3). SimmsPet(1.60) Sinclair O1l 123 kelly OL(2). .. Snider Packg Co SoPo RSut2l. South Cal Ed (2) x| Sou Cal Ed(rts), | South Lairies B, South Pact6)... ou Pacific ris. . Spalding (1.60). Suane Coaifnn parks With(3). pear&Co pLil). cer M Splegel Co l')'n Stand Com T(1). SIG&E M), Std O of Cal(13) StOIINJ (11%). StdO:INY (1.6 Sid Plate G Std San M(1.68). Std San ctfs 1.68 Stunies Co. 'a | StwartWar(3%4) v | Stromberg (3).. Studebaker($5). Studebak pf(7). 54'% 1070 Supertor Oil...o rior Steel. . | Sweetof Am(1). I l Tenn Copper(1) Texas Corpn(3). TexasGuifSul(4) T&P C&O(b2%) Tex Ld Trinew) Thatcher MfK. The Fair(2.40 Third Avenue. Tidewater AsOi] | Timken R B (3). Lo rod (1 4), Transcont OMl. .. Trico Prod(2%) Truscon § $1.20. Undwa-El F (4) Umion Carbe$).. .| Un Ol Cati®) ... Union Pac(10). . tinton Tank(6).. 6 Utd Air & Trans. 1] Utd Air&Tpf(3). Utd Hiscuit 1.60, titd Cigar 81(1), Utd Dyewood. .. Utd Elee Coal. . Utd Fruit (c4).. Ut 100 413 46y 18 217 105 - ady 47 118 i 8 (nstributing i Hoffman (4). S Alcohol (6). K04y 60t 1 blla nmu 1885 143 15% a2u 42 945 9414 3L 8 i 113% U'S Steel pf(1). Univ Pipe & Rad Uth) P&L Ace2). Vanadium (14). Vao K e pf. Vick Chem(4) \'mor orpfid). aro Chem. . Vl-Cerh €%t Va El& P pf(7). Vulcan Detin... Vulcan Detin(A) Wabash pf A(5) Waldorfiilg)... | waiworthi1.20 Ward Baking (A Ward Baking B. Warner Bros Ple Warner-Qu(2). Warner Qu(rts) Wargen F&Pive. Webstr-Eislohr. Wesson Ol (2). ‘ Wesson O pf (4) W Penn El pf (§) 97 P Popf(7) 114% klw.-t Maryland. 'l WU Teleg 3).. Westhse A B(2). Westinghse(4). Weston Electrie. White Eagle(2). White SM pf(4). Wileox Ol & G.. Wilcox (A) 2%. W:icox Rich B.. Willys Ov €1.20. Wilson & Co pf. Woolworth (6).. ‘Woolworth new. Wrikht Aerolz). Wrigey ((13%). Yale&kTowne(4). Yellow Truek. .. Yel Tr & Co pf.. Young Spgs t2% Youngstn shib) w2 67% 674" 674 ATh 4Tw 46% 9 89% 89 126 are the aunual cash 126 126 126 PRt of trading lest us, stock. ius K ph, Partiy stock. i plus 307 e e i Security Sorting Hofse. NEW YORK. April 13 (#).—Members Exchange are of the New York SM seeking some way to abandon the gro- cery store nfi'.hod of delivering neum- Brazilian states corporation | $105,330,000 m the United States and ‘where the | $55,000,000 in England in 1928. None ties. A new stock will be opened next mon! s | sympathy with the oils, Trading Small. BY GEORGE T. HUGHES. Special Dispatch to The S¢ar. NEW YORK, April 13.—Up to within a short time of the close today’s stock market was a drifting affair, with ti price trend downward. The final deal- | ings, however, were enlivened by a demonstration in the oils in which the leaders were the Pan-American issues. Other oil stocks were taken in large blocks at advances ranging from frac- tions to 2 points, 1 The nenenl list rallied somewhat, ln] Volume was very small. In the flrst' half hour the turnover was lower than | in any corresponding time this year, | showing that Lhere was a lack of outside | interest. It is in the first half hour | that the accumulated overnight trans- actions are executed. For the rest of the time, professional operators bought and sold to each other in listless fashion. A few specialties moved against the trend, but without attracting any large following. United Aircraft and Trans- port, which had gone up more than 10 polnts Fridey. added 3 more points to | the gain today. International Com bustion was strong. and there was buy ing of Air Reduction, perhaps because of its large interest in U. S. Industrial Alcohol. National Supply was in de- mand, Postum Co. moved ahead and Marine preferred gained ground. The steels and the coppers were heavy | and most of the motors lower. Sponsors for the steel stocks were standing aside awaiting terms of the new offering to be made to sharcholders of United States Steel next week. There wes no pressure on either United States Steel or Bethlehem, but they renged under the preceding close. Anaconda was the most active of the copper shares, only a point to two above the low of the week. { For a time General Motors was in | demand, but the advance did not carry through. Chrysler sagged and so did Studebaker, | Wall Street Briefs By the Associated Press. February world zinc production, as compiled by the American Bureau of | Metal Statistics, decreased to 121.996 ' short tons, compared with 131,169 in! January, and 137,210 tons in December. Excluding New York City figures, of- ficial reports of building permits issued in 582 cities and towns compiled by S. W. Straus & Co., show a gain of 59 per cent over February, compared with | a normal seasonal gain of 56.4 per | cent. With New York City. the | increase ‘was 60 per cent. Permit val- uations totaled $407.365,423, agnln.sl $254,456,185 in February. Fourteen sugar refineries in the | United States report a total melt of | 1,295,000 long tons from January 1 to| April 6, compared with 1,155.000 tons | over the same period in 1928. D(‘ll\-i eries this year were 1,110,000 tons, against 1,135,000 ton: Wall Street believes that most of the oil companies will show better earnings | resu'ts for the first quarter this year | |than in the corresponding 1928 period. | ;'flw Union Oil Co. of California, the | { only major ofl company to report so | \ far, had a slight increase with profit 0!’ 67 cents a share on 3,880,500 shares, against 66 cents on 3,791,924 shares hl the same 1928 period, but Union was | affected by gasoline price cuts on the ‘West Coast. The “wholesale gasoline price generally was higher for the en- tire country. | process fgocd weather in the southeastern cot- 1.50a1.75; celery, crate, 1.25a2.50; cauli- flower, erate, 1.75a2.50; eggplant, crate, 1.7523.00; kale, bushel, 20a45; lettuce, hamper, 75a1.75; Lima beans, bushel, 3.5024.00; onions, 100 pounds, 1.50a4.00; peas, bushel, 1.25a2.00; peppers, crate, 1.50a3.50; radishes, bushel, 1.25a1.50; squash, crate, 1.75a3.25; spinach, bushel 30a60; tomatoes, crafe, 1.00a4.75 apples, bushel, 75a2.00; grapefruit, box, | 2.00a3.25; oranges, box, 1.75a3.75; straw- | berries, qu: 25a40. Hay and Grain Prices. Wheat—No. 2 red Winter, garlicky, | spot, 1.27%; April delivery, 1.27%. Com—No, 2 export, April delivery, no| quotations; No. 2 yellow, domestic, spot, 1.08a1.09; cob_corn. 5.5086.00. Oats—No. 2_white, domestic, 5912260 571,858, Rye—Nearby, 1.10a1. Hay—Recelpis, none. While hay s ar- ¥ spot, No. 3 whne, domestic, spot, which is being supplied mostly by truck from nearby points, a few carloads be- | ing received. There is not enough busi- | ness passing to establish prices on the | various kinds on merit at a range of ;ls.ooals.oo per ton of timothy or clover | ay. Straw—No 1 wheat. 12.00a12.50 per ton; No. 1'oat, 12.50a13.00 per ton. Dairy Market. Live poultry—Spring chickens. pound, 47a55; young chickens, 42a45; thin and poor. 25a28; old hens, 30a31; Leghorns, 28a30; ducks, 20a30; guinea fowls, each, 50a1.10; pigeons, pair, 35a40. FEggs—Receipts, 2,017 case: native and nearby, firsts, free cases, dozen, 26; current receipts, 20222, Butter—Good to fancy creamery, pound, 45a47'.: prints, 49a50: blocks, | 47a49: ladles 39: store packed. 32a | 33a35: dairy prints, 33a34; utter, 42a43. Cotton. April 13.—Continued ton belt has resulted in a rapid replant !ing of flood areas. It looks now a lhuuzh a cotton crop about the same ' | size as that of last year will be under- | |taken in States east of the Mississippt. | Steel. CLEVELAND.—Operations _at the plants of the Otis Steel Co. are certain |to continue at a high rate for some [ time, as the company is booked through the middle of May. "Sharon Steel Hoop | has just started its 14-inch hot s‘rip' mill, which has been under construction | for a year. Lumber. PICAYUNE, Miss.—Lamont Rowland hm sold his large lumber holdings to Crosby, who has been associated | \\ llh ‘him for many years. The holdings {include interests in two pine mills he | the Crosby & Rowland Lumber Co. and | the Blodgett & Paivi Lumber Co. Wheat. | CHICAGO.—There was very little | abandonment of acreage due to Winter | | Eiiling i Tibsois: e cer pne et !dition of the Winter wheat crop is at | 83 per _cent, against 57 per cent a year | 2go. Recent rains have been very fa- | vorable for pastures, but have retarded | somewhat the normal Spring work and | | seeding. |“RADIO PAD” SPEEDS EXCHANGE QUOTATION | By the Associated Press. | NEW YORK, April 13.—Eight-mil- lion-share days, with tickers trailing far | { behind_transactions on the exchange | | floor, have spurred some brokers to find | | means of keeping abreast of quotations. | Crude rubber consumption by Ameri- | can manufacturers in March establish- ed a new high monthly record of 44.- *lturn; medium weighty steers slowest 89% 62y 6274 61%” 61 Dividena rates a3 siven in the shove table Tatest auarterly or half-yeatly declarations. than 100 shares. ter] m Pavanie ulfi-u :.l::r L‘Ih doi. th lus 730 tons, comparing with the previous { record of 42925 tons last August, 41.-| { 594 tons in February and 35.688 tor in March, 1928. Imports totaled 53.82: tons, a_drop of more than 10,000 lorhf under February. ‘The United Siates Treasury has is- | sued call for repayment by depository institutions April 15 of $77.220.900 and | April 17 of $38,778,300 of funds remain- ing on deposit for account of certifi- cates of indebtedness dated March 15. United Merchants and Manufactur- ers, Inc., is offering holders of voting trust certificates of record today rights to subscribe at $25 a share to 60,000 additional shares of common stock in ratio of one share for every five held. Proceeds of this issue and of $3.500,00 6 per cent convertible preferred stoc] will be used in completion of its textile | mill expansions in the South. CHICAGO LIVE STOCK MARKET CHICAGO, April 13 () (United States Department of Agriculture).— Hogs—Receints, 4,000 head, including 2,000 head direct; Steady to strong with Friday's average; top, 11.65 paid for an occasional load of around 200-pound weights; shippers, 300: estimated hold- over 2,000; butchers. medium to choice 250-300 pounds, 11.25a11.55: 200-250 pounds, 11.25a11.65; 160-200 pounds, 11.00a11.65; 130-160 pounds, 10. Donll 65 packing sows, 10.15a10.60; pigs. medium to choice 90-130 pounds, 8.75a10.75. Cattle—Receipts, 500 head; ignoring Friday's decline, fed steers and yearlings, 25240 higher than a week ago, stockers feeders and she stock sharing advance; bulls, 15a25 higher, and vealers largely 75a1.00 lower; medium to good year- lings and light steers showed most up- seller, gaining least, killing quality greatly improved over Tecent market- | ing; very sizeable proportion Iowa, Nebraska and South Dakota steer crop selling at 14.00 upwards; extreme top, 14.85, priced for 1,495-pound averag: best yearlings, 14.75; mixed yrarllng% 14.65, and heifer yearlings, 14.50; not much to killers below 12.75; average price priced for slaughter steers and ye-rungs being approximately 13.50; bulk stockers and feeders, 10.75a12.50; best, 12.85. Sheep—Receipts, 4,000 head; for the week, 97 doubles from feed lots, 35,600 direct, including 5,200 from California; dependable call from packers, but ship- pers, yard traders and city butchers operated sparingly; dressed lamb trade largely unchanged; compared. with a week ago, fat lambs weak to 25 lower; aged sheep steady to higher; top prices for week, fat lambs, 17.75a17.70 late; shipped lambs, 16.60; bulk prices for the week, fat lambs, 17.00a17.35; shorn, 15.75a16.2: fat ewes, 10.00a 11.50; few head, 12.00; feeding and shearing lambs, 16.00a16.50, a few 16.75. London Con—t:ols '.i‘;n. NEW YORK, April 13 (#).—The United States is the greatest consumer of tin in the world, but the center of the tin trade remains firmly rooted in London. America has no tin of her own and imports almost half world's luction. This amounted to 78,865 1 with 19, land, the next largest consum o A L Brazilians Borrow Heavily. RIO DE JANEIRO, April 13 (P).— and cities borrowed millions of shares bought and sold avery | of these can be sorted and hange with less delay and' greatcr | paper recen safety than under the present messen- ger sysfem.. recently commen! tysn, uylu “All that mlnnhk'q foreigners.” i of One hous2 announced the installation | “radio pad” service from the e: | change to their uptown office. | Under this system quotations can \Y‘ typed on an electric pad which auto- matically_transmits them t0 a astant | “flash -projector.” They are then re-| flected on an_enlarged screen for the | information of stock buyers. MERGEB Is PLANNED NEW YORK, April 13 (#).—Standard | e | i Oil Co. of New Jersey is secking to ab- sorb Daggett & Ramsdell, Inc.. manu- facturers of cold cream and toilet prep- arations. The Surrogate’s Court of New York County has been asked to ap- prove ‘transfer of 1,425 shares of Dag- gett & Ramsdell stock held by the es- tate of Henry M. O'Neil, one of three tockholders of the cold cream company. The other two holders are said to have | agreed to the merger. The oil company | i5 to give 30.928 of its own shares, val- | ued at $1.500.000. for all the Daggett | | & Ramsdell stock. PARIS BDUBSE PRICES. PARIS, April 13_(#)—Prices moved irregularly on the Bourse today. Three per cent rentes, 73 francs 30 centimes. Five per cent loan, 99 francs 45 cen- | times. Exchange on_ London, 124 | francs 25 centimes, The dollar was | quoted *at 25 francs 59% centimes. AT&T INCOME NEW YORK, April 13 (#).—Ameri- can Telephone & Telegraph Co. reports net ‘income of $40,647,079 for the quar- ter ending March 31, equal to $3.15 a share. Last vear's first quarter yielded net of $33,594.793. or $3.03 a share on a_similar_capitalization. GUARANTEED 6% FIRST TRUST NOTES Secured on new Brick Homes in North- west Washington—Occupied by Owners. "CAFRIT2Z 1016 1th St Fu‘st Morlgnge Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. ALE OR LEASE RA RSN "FAEE Short haul from center of cits. Will bulld “a business home to su your needs. ~ Call . Burns. C RITZ 1016 14h S " CompLete Financin Ist & 2d TRUST MONEY On homes, apartment buildings and business properties. No appraisal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Main 1403 917 15th 8t. NiW. Chone Malu 2623 FirSt Mortgage —— and Consult Us First Construction Loan If you need money for your Real Estate financing let us have your application foday. Applications Invited at 5Y2% Glover & Flather 1508 H St. N.W. Main 1753 Prompt Service No Appraisal Fee The Commercial National Company Incorporated Cash Capital. $900,000 B gBank Bide. APPLICATIONS INVITED for LOANS on IMPROVED FROFERTY Located in the Distriet of Columhia and adjacent suburbs m Montgomery and Prince Georges Counties, Md. Apply to H. L. RUST COMPANY LOAN COREESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th St. N.W. Main 8100 Capital & Surplus, $3,500,000 Over 50,400 Depositors In the S°w12::f the Public Over Sixty Years f'Age may bring senility to man, but to a bank it im- parts prestige, stability, financial strength. Y This sixty-three-year-old institution affords PAYDAY depositors and others every advantage associated with a service record of such duration. Deposits of any size invited—Same Rate of interest paid on large and small accounts. Same Rate of Interest Paid on Large and Small Accounts DIRECTORS: President. Woststsd nEME V. Pres. A H C 2nd V. Pres. FRANK STETSON. Trust Officer. CHAS. C. LAMBORN. Treasurer. E. PERCIVAL WILSON, Secretary. . Asst. Treas. Asst, Tr. Officer. Asst. Tr. Officer. VERT. Asst. Deposits Invited in Open Until b 5:30 P.M. At April 15th & 16th OFFICERS: WILLIAM D. HOOVE WOODBURY BLAIR. Natlonal Savmgs & Trust Co. 63d Oldest Savings Institution in the District of Columbia Year -Cor. 15th and New York Ave. With swishing of silk, and many deep bows, the Japarese gave each other many presents. In courtier and humble peasant alike, the idea was ingrained that good-will and friend- ship must be fittingly expressed. So their gifts were not useless trinkets. Fi{le gold coins, worth about $17 apiece—“Obangs,” they were called —were the most valued gifts a Jap- anese could receive, for they could be used. There's an “obang” for you in sav- ings investment. The regular inter- est payment you receive, without effort on your part, is the best kind of present you could give vourself. Our First Mortgage Notes have given tllousands of wise investors regular 6% interest payments through good tlmfl and bad, due to the conservative policy which en- abled us to make our record: SIXTY YFARS WITHOUT LCSS TO AN VESTOR! SWARTZELL, Rmzm& HENnSEY CoO MORTGAGE BANKERS 727 15 STREET N.W., WASHINGTON D.C. /