Evening Star Newspaper, May 6, 1929, Page 14

14 =* FIN ANCIAL, THE . EVENING STAR. WASHINGTON. D. .C, MONDAY, MAY 6, 1929. FINANCIATLS RICHMOND RESERVE CLEARNGS MOUNT Bank Is One of Three in Sys- tem to Show Gain in April. BY EDWARD C. STONE. According to a compilation just com- pleted, Richmond. Philadelphia and Cleveland were the only 3 of the 12 Federal Reserve districts to report a gain in clearings during April. Ex- change of checks at the other principal clearing houses of the country for April disclosed a reduction, the aggregate of $55.204,051.806 being 12%% per cent less than in March, although the total was the heaviest for any April on record and 6% per cent above last vear. In the New York Reserve district | clearings aggregated $35,783,217,307, a decline of 16.9 per cent from the March figure, but an expansion of 9.3 per cent over that in April. 1928. Outside of the | Greater New York district exchanges | totaled $20.206.498.402 less by 3.5 per cent than March. but 2.5 per cent great- er than April, 1928, According to the Financial Chronicle, clearings in the Richmond Federal Re- serve Bank in April this year amounted | 1o $833.594.608, against $823,938,173 in April. 1928, a gain of 12 per cent. Cleveland had a gain of 15 per cent and | Am Hawa SS Am Hide & Lea.. Am Hide & L pf. Am Home P 3.60. Am lce (13).. Am Internatl $2. Am LaFr&Foam Am LaFrance pt Am Locomot(8). 119 Am Loco pf(7). Am Metals(3).. Am Nat Gas pf 7 | Am Fiano pf. Am P &L (§1).. AmP&LtA(3). AmPo&Lt pf(6); 100% 1004 100% 100% AmP&Lpt sta 6. Am Radiator (8) 205 Philadelphia 11 per cent. Pole Reports Bank Resources. The aggregate resources of the 7.5 Teporting national banks in the conti- nental United States, Alaska and Ha- wail on March 27 amounted to $29,02 912,000, a decrease of $1,567,244,000 since the returns made by 7,635 on De- cember 31, 1928, the date of the pre- vious bank call. according to an an- nouncement today by Controller of the Currency Pole. The latest total, how- ever, was an increase of $1448.225,000, | as compared with the combined re- | sources reported by 7.534 banks as of | February 28, 1928, the date of Spring call one vear ago. Controller Pole said that while the decrease was larger than usual over the | period, there was nothing alarming in the drop. had been somewhat heavier and the |4, number of reporting banks had de- |4 creased, due in part to consolidations. | A There also had been, he said, a ten- {A A give up their national bank charters | A and reorganize under State laws, but | A: this trend had not been of sufficient | A: consequence yet to give concern. A Loans and discounts on March 27, | A which included rediscounts and cus- | Al tomers’ liability under letters of |A credit, were $14.849,926.000, showing ! A: a decrease of $429,705,000 since De- | A cember 31, 1928, but an increas: of | Al $659.346,000 in the year. Al Demand deposits, including United | A States deposits of $272,893,000, totaled | A! $10.934.994.000, which amount was the previous call, but greater than was reported a year ago. Time deposits of $8,166,596,000, which | A included postal savings of $91,087,000 | Am Am Zinc pf Anaconda (7)... 143% 144 Amaconda (new) 119% 119% 1173 117% and deposits evidenced by savin 1SS books of $5,922,568,000, showed lg:ef;],:c- tion of $140,342.000 since December, but an increase in th | Anaconda (rts).. © year of $174- |\ nehor Cap 2.40. 1 Andes Copr (3).. 383,000. Mergenthaler Leads Exchange. A Mergenthaler Linotype furnished the | Armour Del pt 7. feature on the Washington Stock Ex- | Armour LI(A).. change when the week’s trading opened. | Armour IlI(B). . Armour 111 pf(7) The first sale was made at 1071 and the last one at 1077. There were nine | A separate transactions involving a turn- | A! over of 92 shares. = The other type stock, Lanston, also | ASS0LryGiz%). appeared on the board, 15 shares chang- | A ing hands at 1261;. This stock figured in_heavy sales last week, and has boen | A' strong since the annual report came out | A last Thursday. . Riggs National Bank sold today at|A 577, the highest mark reached by this |4 issue in some time. The only other |A! bank stock appearing on the board was | &' American Security & Trust, which sold | 4 at A Potomac Electric Power 5'; per cent | Baldwin Loc (7). 250 ~250% 250 preferred sold at 107. Columbia Sand | B & Gravel preferred moved at 911, and | B Washington Gas Light at 107's. The stock sales ended with 18 shares of | Barnet Leather.. Washington Railway & Electric pre- | Barnsdall A i2). ferred selling at 97. n Gas | B In the bond division Washin 6s, series A, moved at 1025, Barber & | B! Ross 6125 came out at 95!: and the session closed with a $5,000 turnover in Washington Gas 5s at 1007. Fifth District Business Review. Richmond reports that cigarette pro- duction for April was 25 per cent over | BohnAI&Br 3% 135% 136 1928 and cigar production gained 60 per | ¥ cent for the month. Tobacco tax col- lections for the four months amount to $19,285,297, against $18,155.259 for the same period last year. Virginia tobacco sales for the season amounted to $18,- 923,999, against $25,929,000 last year. While several textile mills in the Fifth Federal Reserve District are affected by - labor troubles, mills consumed 274,615 bales of cotton in March, compared with 256,777 in February and 246,618 bales in March, 1918. Twenty-three banking centers in the | district for the week ended April 24| reported deposits of $297,027,000, as compared with $328,577,000 the preced- | ing week and $292,542,000 for the cor- | responding week a year ago. Latest reports {rom the other Reserve districts indicate that business is a bit more spotty than it has been. Warmer weather is needed in many agricultural districts and clothing dealers also are | > greatly in need of a hot spell. Tornadoes, | © B B B B B B Tains and floods have marred the busi- | U4!lanan Zinc. district reports heav: - acla(4).. 457 46 ports heavy crop damage but | 21 & Beclecs). Can Pacific(1v). 240 2 { Can Pac(righ 5% CannonMills Fernando Cuniberti, president of the | U4se Threshg(6) 434 . International Exchange Bank, has re- | Cavanagh-Dobbs | turned from a business trip of several | Celotex Co (3)... Cen Aguirre(2). Cent Alloy2) ness map in the South. an unusually good recent retail trade turnover. Heard in Financial District. days in New York. B. Ogle Harper, partner in Crane, Parris & Co. is in New York on busi- ness for the firm. C C. C. Morgan, one of the managers of | Certain-teed Pro Certain-teed pf.., Certo Corpn(3). the Washington office of G. M. P. | Murphy & Co., passed the week end at the Homestead, Hot Springs, Va. |t | The S. S Kresge Co. reports April sales of $11.368,692, against $10,783,845 in the same month a vear ago, a gain of 541 per cent. Sales for the first four months of 1929 amounted to $42,727.950, a gain of 4.85 per cent. sales were $3,150,690, compared with £3.059,271, an increase of 3.28. Sales for the four months reached $12,424,076 in comparison with $11.477,386, or a gain of 8.24 per ~ent so far this year. Miller Stock More Active. A partial reason for the sudden ac- tivity in the trading in Miller Train Control stock is found in_the recent celebration by the Chicago, Indianapolis | ¢ & Louisville Railroad (Monon) of the | completion of its entire main line from | Chicago to Indianapolis with the Miller | ¢ induction train control. This installation was the General Railway licensees of the Miller Corporation. furnished by Signal_ Co., Train Control Buys Gas Supply. NEW YORK, May 6 (#).—The Ford Motor Co. has contracted with th2 Memphis Gas Co. for a supply of natural gas to operate its assembly plants at Memphis. _Murray Body Co. will also buy from the Tennessee concern. Richfield Oil Co. of California pro- duced 3146,000 tarrels of crude oil and casinghead gasoline in the first 1929 quarcer, compared with 2457000 barrels in the first three months of 1923, Afax Rubber Alleghany Corp. Alleghany pf 514 101% 101% 1007 101 Alliance R(f13). Alited Chem. Aliled Cm pf(7). 122 Allis-Chalm (7). Amerada(2). Am Agricul Ch Am AgriCh pf.. Am Bank N(13). 126 Am Beet Sugar. Am Bosch. . | Am BrSh(h1.60). Am Brown Bov. . Am Brown Bo pf Am Can (14). Am Can pf(7) AmCar&Fdy(6). Am C&F pf(7). 119 Am Chaln pf(7). Am Chicle (2).., Am Encaus Am & For Pow Am&For Pow 2 AmRa& Am Republiel Am Roll M (¢2). 118 Seasonal demands, he said, A:.‘s.nr Ri o) AmWW&EIl(el). $845,727,000 less than on the date of | AmWW1st pf(6) 102 108,637,000 | Am Woolen. $108,637.000 | Am Woo Bambgr pr(s%). 105 Beecn-Nut Bethlehm Sti(4) 112 Borden (new). .. Borg-Warnr(J4) 140 Brockwy Mot(4) BklynUnGas(5). 185% 186 Brunswick B(3) Brunswick Ter.. Bucyrusevi(2Zi) Burns Bre Butte Cop & Zine Butte & Sup(2). Butrerick Co. Cerro de Pas (6) 103 o C& U Corpuid). Chi & Alton. . Chi & Alton pf.. Chi & East 111 pt Chi Great W!ltl. erl i Cai Gt West pt. McCrory Stores Corporation ~April | Coi Gt Vest pf.. Chi Mil & StP pt Chi& Nwn (4).. Chicago Pn Tool. CRIRI&P (T).. 123% 126 CR1&PpI(6). CRI&Ppt7). Chickasha(3) Childs( Chrysler Mot(3) City Ice (3.60).. City Stores new. City SwA3%).. Coca-cola (4)... Coca-Cola (A). . Colilas & Alkmn ol Fuel & iron. Col & Southn(3) Col G&. Com Credit (2).. Com Inv Tr(34). NEW YORK STOCK EXCHANG Note—The New York Stock Exchange is now operating on Eastern daylight- saving time. Open. High. Low. Close. 42's 43 4% 417 81 81 80/ 801 109% 109% 109% 108% 700 700 680 680 601 60% 58N bk 29 20w 284 284 Adv Rumley. 68 69 6213 64 Adv Rumley pf,. E2' 831 5% 7 Ahumada Lead.. 3 3 2% Afr Redetn (23), 125 126% 1 124 Air Way El (2).. 39 9%, 39 T4 T [ 7 “ 35" ADitibl Power... Abitibi pf (6)... Ab&Straus pf 7. 38% 67 Alaska Juneau., 7 7 “ 35% 341, 3419 99 99 99 28915 28915 28714 28 122 122 122 20715 211 2043 204% 23% 33% 33 3 16 16 54% ha% 131% 126 151 15% 681y 66'x 54 b8 G634 29% 304 89% 89% 8 149% 151 1473 148 141 141 141 14L 99 99 99 99 1 19 1 A 2z 58% 4 15% 6% 58 41 4l 4l 108'% 1101 9 2 1). 19 117% 117% 59'x 59'a 2% 2% 8 3 109% 109% 107 742 T4 T4 . i T4 | 5 20, m RA&StAS 115 bl% bl an(rts) 2% 2% m Ky Kx(6)... 181' 1817 176 17 56 b7% b4% 54% | 18 1164 116% | 4 661 66'a 663 2737 6% 36% 4k 88 87 e 205 01 1 81 205 49% 81% 10). m Seating(8).. 37 m Ship & Com.. 4 m Shipbldg(8). 87 Am Sm&Ref(4). 109% 109% 107% dency in some sections for banks to|AmS& R pf(7). 1 135 68% 111 8% 82 | 4515 ‘4 111 78'% 81 451 26 225% 225% 135 68% 111 80 827 461 6% 227 1 m Stl Fdys(3). m Stl Fy pf(7). 111 m Stores (2) 80 m Sugar...... 81% m Sumatra(3). 46's m Tel & Ca(5). 26% m Tel & Tel(9) 227 mTel&Tel(rts) 6 % 6 614 m ‘Lobacco(8).. 1703% 170% 168% 1684 m Tobac R(§). 171% 172 1704 171 m Tob pf(6)... 119 119 119 119 m TypeFo(8).. 1563% 15314 153% 153% m Type pf(7).. 109 109 109 109 874 8% 8T BT 102 102 102 21% 21 b52% 51% 5l 10% 102 10% 37% 35% 3T 9815 101 141t 1415 21% 524 10% 35% 9815 101 L m Writ Pa ctfs Zine;... 26 26 5% B5% 55% 55 567 5 0 38l 38% 38 870 BT 874 2% 12% 124 9 7 6% 8% 8% T8h 25 25 28" (26 284 284 284 284 53l 5 53l -::::A 5312 200 200% 199% 200'y 5 55 55 88% 874 12% reher Danls(2) 8% rnold Con & Co rt Metal (1%4). sso Apparel (4) 551 65% 54 tchison(10). Atchison pf(5).. 102% 102% 102% 102% U Coast L(110) 181% 181% 181 18! UGuIf& WI.. 61% 63n 61% 6 tIGulf pf (4).. 67 57 57 & tlau Ref(t1%) 69% 71 69% 69% tiasPowder(4). 97 97 97 97 tlas Pow pf(6). 102 102 102 102% usun-Nichols. 6% 6l 6% 6k uto Sales...... 32! 321 32 32 utostrap A(3). 45's 4b'a 45% 4Bk 251 121 2% . 121% 2: u 1o & U(8) 121% 121 & O (rights).. 2 28 2% 108 108 108 14 14 14 14 45% 45% 444 44 ayuk Cgrs (2).. 97 100 97 100 ayuk 1st p£(7). 101% 101% 101% 101% eacon Oil. 23% 23 23 234 85% Bo% L 81 15% 15% 15% 15% 911 91% 90 907 112% 1094 110 118 118 118 68 57 68 133 133 % T T 95 96 96 140% 134% 137% 10 10% 10% 5 44 44 3 8% 3% b2% 50% 503 65 64 644 18315 18313 4% 415 467 46| 29 29% S2% 34 42 A3% 421 42% 106% 106t 106'2 106%: | 29% 29% 29% 20 | 286 289 2¥6 287 6415 641 648 bdls 107% 1075 107% 107% | T T 6 bl 8 8 Th Th 30% 81 304 31 160 162 157% 157% %. 1 130% L e 130% ). 79 1% T8, . 2% 2y 2 1363 133 136l 45'% 45% 8515 8614 bk EbY 0 235 235 7 6% 6% 43 4l% 4l 431 424 424 30 30 29% 29% 0% 0% T0 70 36% 37 36% 37 48% 49% 4T% 4TH 110 110 110 110 103% 102% 102% 254 24 24 b4 bdw B4% 54% 67 67 67 67 es & Ollo(10) L28% 229%; 228 22813 s & Ohiorts. 25 25 24% 25 BYls KON BB ESH 14 14% 14 14 18 184 18 13 b4 54 b4 18% 17% 17% 52 51 51 A 31% 1% 62 52 2 Bd'4 84 B4 31 30% 304 123 125 101 101 101 101 167% 107% 107% 107% 44 44 43% 43% 57% b&% 57 57 921 9318 9% 57l 5T b5Th 190 190 190 190 21% 21% 21% 21% 49 493 4913 4yl 631 64 63 64 131 131 130 130 48% 4815 48l 634 64 6l 6712 67% 66% 11z 112 112 1 67 6T 6% 65W 10435 104% 104%2 104% T8 Bl 8% 79 161 161% 50 541 5da 158 158 9313 9314 356 356% 345 34 1524 1523 148% 148% 63 68 67 67 6% 25% 24% 24% £5% £5% 85% B85% 93 93 93 93 281, 281 28 28 Comsol Gas (3).. 113% 116 112% 113% ConsolGaspf(5) 994 99% 29 99 ConRRCubapt$ 63% 63% 63% 6315 elding-Hemwy. ast & Co(3).... eth Steel pf(7) 118 ioomingdale. .. 57 T 97% ooth Kisheries. 10% 45 30 b2 65 otuny Milis (A} riggs MIgFCo, ritish Empir kiyn-Man(4).. rownShoe(2%) 42 42 ucyrus(1)..... urns BrosA (8) B). (15). m(gZ). ae(7). I Packg (4 133 ) 0 6% 42 ent Alloy pr( 25 0). City Inv Co(10). “luett-Peabts). 61 67 Col Gas (2) DIA(6) Columbla Graph Col Carbon 14, 157 Com In Tr pf 6% Com Solv (h8). Com Power (4 Conde Nast(2 Congoleum-Nair Censol Cgrs (7) ConCigprpf(6%) Con Film pf(2). 6 ¢ 48t | Consol Textlle. . Container A 1.20 Contatner B 60c. Cont Baking A.. Cont Baking B.. Cont Bak pfi8).. Cont! Contl C; Contl Insur (2).. Contl Mot(80e). Corn Prod (13).. Corn Prod pf(7). Coty. Ine (g2)... Crossley Ra($1) Cruc:ble StI(s). Crucible pf(7).. CubaCareSugar. | Cuba Cane Su pf Cuba Company. . Cuban-Am Sug. Cuban-A Sug pf. Cuban Dom Sug. Cudany PKg(4). Curtias Aeroc1). Curtis Pub (6).. Cushmann pf(8) Cutir-Ham (3% ) Cuyamel Fruit.., Davison Chem. .. Deere&Co pt(7). Del & Hud(9). Detroit Ed(8). | Devo&Rayn(13). Devoe&R 1st(7). | Diamond M (8). Dome Mines(1) Domin Stores(3) Diug Inces). Dunhiil Int (34). Duplan Stk (1).. Dupont de N(4). Du Pont deb(6). astman (18)... Eaton Axle (3)., c AutoL T41g. Slectric Boat. ... Biecl'ow&Lt(1). Elec P&LL pf(7) Slee Stor B (5).. nd-Jonn(5) ndicott pf(7) Eng PubSer(31). Spfs) t 5 SRR, odaee. rie 18t pf. EvansAu L 3214, IExchange(13).. Folrbanks(3)... FedLt&Tra 31%. FedL&Trac pf 6. Fed Mot T(800).. Fidehty-Phoenx Filene's pf(6%). First NatS(l ). “isk Rubber, Fisk Ru 50% pd. Fleischman 13% Follansbe 2). Foundation Co. . Fox Film A(4).. Freeport T (4).. Fuiler pr pf(6) briel Snub A Gardner Motor. Gen Am TC(34). Gen Asphalt. ... Gen Asph pf(5). Gen Bakg pf(8). Gen Cable...... Gen Cable A(4) Gen Cigars(4).. Gen Electric t6.. GenElec sp(60c) Gen G&EI A 135. Gen Gas(rights) Gen GRE B ells. Gen Gas pf A(7) Gen Mills (3) Gen Mills pt ( Gen Motors (3). Gen Mot pf(7).. Gen Qut A(4) Gen Out ctfs(2). ien Ry Sig(5).. Gen Refrac 13%. Gillette SR (5). G'mbel Bros.... Glidden Co 11%. Glidden pr pf(7) Gobel (Adolph). Gold Dust (new) Goodrich(4). Goodyear Tir Goodyr 18t pr(7) Gotham H (2%). Gotham H pf(7). Gould Coupler A Graham-Paige. . Grahm-Paig rts. Granby Min ( Grand Unon.... Grand Un pf(3). Grant W T (1).. Grt North pf(5). Gt Nor pf efs(5) GrNorOr cfs 3% . Grt Wn Sug 2.80. Grt Wn Su pf(7) Greene Cana(8). Gulf Stat Sti(4). Hack W pf(1%). Hahn Dept Stor Hahn D S pf 6%. Hanna M A (7) Hartmn Br1.20), Hawalian P (2).. Hayes Body (b8) Helme Geo(17). Hersney Corp. Hershey pf(4). Hollnd Fu(e2%) Hollander & Son Homestake(17).. Household(t4) Houston Oil. . Howe Sound (4) Hudson Mot (5) . Hupp Mot(£2).. Tlinots Cen(7) ., 1nd O & Gas (2). Ind Motor Cycle.- indian Refining. Indian Refg ctfs Inland St (3%). Ingersoll R 154 . Inspiration C(4) InterboroRapTr. Internat Agri. . Int Ag Ch pf(7). Intl Bus Ma (5). Int Cement(4) Int Com Eng2). Int Combus(rts) int Comb p1(7). Int Harv (23).. int Harv pf(7) Int Mteh pt 3.20. Int Mer Marine int Mer Mar pf.. Int Nick,Can 80e Int Pa&PoA2.40. Int Papr & Po B. Int Papr & Po C. Int Pa&Po pf(1) Int Prigink 2% . Int Prig Ink pf 6 Int T Tel(6) Int Tel&Tel new Igter Dept S(2). Intertype(tiia). isiand Creek(4). Jewel Tea (16).. Jonns-Manv(i). Jones&Lau pf 7. Jordan Motor. .. K C Po&LtB(6). Baufmn DS 1%. Kayser J (b <eith-Albee. Keith-Al pf(7) Kelly-Spring Kels Hayes(2) Kels Wh pf(7).. Kelvinator Corp Kendall pf 16% . Kennecott (4)... Kinney (G R). Kinney (G R) rts Kinney pf(8). Kolster Radio. Kraft-Pho(1%). Kresge (1.60) | Kresge DS p Kreuger&T 1.34. Kroger Gro(cl). LagoOfl........ Lambert Co (8). Lee Tire & Rub. Leh Por Cmit 2% Lehigh PC pf(7) Lehlgh Val Coal Leh Val C pf(3). LehighVal(3%). Lehn & Fink(3). Lig & Myrs B 16 Lima Locomtve Link Belt (2.40). Liquid Car t4%. Loew’s (13)..... }m:w s pf (6%). Loft Loose-Wil Open. High. Low. Close. 3is 3% 164 9 978 95% 1417% 141% 141% 641c 641 63 108 108 106% 9L 9L 894 110 110 110 3 3% 34 9la 9l 9% 191y 19% 1% 11 64 64 5 5 5 83ty 563% 531 168% 169% 166 25 125 124 TTO TTE 1T 63 6 % TR b7l 58 BT 1231 23 1 11t 64 53 115 145 104 1i64 11 0l T0 1170 117% 117% 181% 1817 180 650 70l 170% 171 16 16 15% 0% T1 68 108% 108% 108% B4% Baw 824 s 7l Tl 166 59% 62 25 43% 831 100 62 3% 838, 100% 16% 16 9Kl 98 1031 103'a 1031 68% 684 67% % 1% 1% 11 1% 11% 3 ki 68'5 6413 94t 44 45 1051 105 105% 26% 27 25% 1%y 131y 92 R0l 122% 133% 13 53 53 107% 1074 107 71% 7l 0% 257% 261 1% 11% 11w 81 8l 0 3 3 2% 105 105 105 11 124% 124% 124% 50 50 48% 3915 39% 37k 113% 115% 110% 82% 827 Bl 118 118 115 3914 40% 39'% 47% 48 N\ 46ls 105 105 50 6674 847 134% 134% 103% 103% b5l 5ll 4% 94% 1 14 11 83% 83% 29 1 49% 49% 1247 1247 104% 104% 102% 102% 30 30 384 39% n7 17 166 166% 66'% 664 28 28 40 40 100 100% 95% 95 21 21% 65 65 624 62% 106 106 945 945 98% 984 43% 43 1 17% Tily 20 12% 99% 100 7 12 92 6% 2 136'% T 20 501 467 1% 145 49% % 92 56% 131 3 18 4913 461y 9% 145 49 31% 13% i 73 179% 180 9L 91 7 6 n % 1 118% 118% 141 141 82 6 2650 272 90 918 75 o4 37% 37% 54l bdla 151 151 19219 1923 121% 1215 1 1% 109% 109% 90 3414 108 177% 59% 59% 105% 106% 1T0% 1774 92 92 954 Y5% 647 647 1% 2 102 102 4% 44 194 71t 9215 3074 145% 145'% 18% 184 574 B9% 110 110 24 38% 88% 55 90 50% 537 864 63% 981 i1 66% 19% © 2584 2 6274 98% 10' Spang Chalfnt.. €6 . High. Low. Close. 22 21% 21% 14% 14 90 40 100 Lortllard Co. Loutstana O11 j La Ol pf(6%). | l.ouls GasA 1.7 LudlumStl(2).. Mac And(12.85). Me Call Corp(4) McCrory A(2). McCrory B(2). McGraw Hill(2). Melntyre P(1).. McKeespt Tin P1 McKesson&R(2) McKsn pr A 3%. Mack Truck(6).. Macy Co (¢2) Mad Sq Gar 1% Magma Cop (5) Mallison & Co... Mallison pf (7). Manati Sugar. .. 87 85% 100 10214 8514 100% 10219 46' 18 80% Man El m2g(d5) Man Elev gtd(7) Man Shirt(2). Maracaibo Ol Market St prior. Marland Oil..... Mair-Rock (t4). Marmon Mot (4). Martin-Parry... Mathiesn Alkili. May Dept S(4).. Maytag (12). Maytag pf (3). . Maytag 15t pf 6. Melvle Shoe 1.40 Mengel Co Mexican Seab. .. Miami Cop (4. . Mich Steel(214). Mid-Cont P(2).. Middle Statel Mid States c Miller Rubber. .. MStP&SSM 11(4) Mo Kan & Tex.. Mo K&Tex pf(7) Missourt Pacific. MoPacific pf(5).. Mohwk Car 2% Mont Ward 2% Moon Motor. ... Mother L (40¢c).. Motion Pie Corp. Motor Meter A.. Motor Prod(2).. Motor Whi (3).. Mullins Mfg Munsingwr ( Murray Corp.... Nash Motors(§). Nash & Chat(7). Nat Acme (1)... Nat Bellas H $1. NatBHess pf(7). Nat Cash Reg t4 Nat Dairy (33). Nat Dairy (new). Nat Dept Stor Nat D St 1st(7).. Nat Distlliers. NatDistlrs pf(7) Nat Enamlg (1). Nat Lead(5).... Nat Lead pfA(7) Nat Pow&Lt(1). Nat Radiator. Nat Ry Mex 2d.. Nat Supply (18).. Nat Tea (1%) Nevada Cop (3). Newport A (3).. Newton Steel (3) N ¥ Central(8).. N Y C & StL(6).. N Y C StL pf(6). NYNH&Hart(4) NY NH&H pt(7) N Y & Harim(5) N Y Ont&Westn. N Y Railways pt NY Stm 1st pf 1., Norf & Wn(T10) NorAm bl0%stk North Am pf(3). NorAm Ed pf(7) No Ger Lid 3.41. Nortn Pac(5)... Nor Pac cfs(5).. Norwalk Tir Nunnally Co.. Oliver Farm Eq. Oliver conv (3). Oliver pt A (6).. Ownibus. . Oppenhm. ) Orpheum pf(8).. Otis Elev () Ouis Steel. . Owens Bot (c4). Pacific Gas (2).. Pac Lightg (3).. Pac Oli Stubs. . Packard (13%).. Pan-Am Petrolm Pan-Amer Pet B Panhandle...... Paramount-F-L Park & Til(33).. Park Utah(80c). Pathe Ex.. . Pathe Ex(A).... Patino M (3.39)., Peerless Motor.. Penick & Ford Penn C&Cok Penn Dixie Cmt.. PennRR (4)... Pere Marq (18).. Pere M prior(6). Phila Co pt(3) Phila& RC& 1. Phil Morr Phillips Phillips P (1%). Phoenix Hosiery Pierce-Arrow. .. Pierce-Ar pf (6). Pierce Oil. .. . Plerce Petrolm.. Pillsbury (2). Pirelll (A) 2.88., Pitts Coal. Pitts Coal pf Pitts St} pf(7) Pitts & WVa(6). Por RicoToA (7). PortoR1coTobB. Postal T&C pf Postum«(3).. Prairie Of1&G: Prairfe P L t3% Pressed Stl Car. Produ & Refinrs. Public Serv 2.60. Pub Serv pf(6).. Pub S NJ pf(7). Pub S NJ pf(8). Pub SE&G pf(6) Pullman Co(4).. Pure Oil (1%).. Purity Baking.. Rado Corpn. ... RadioCo pf(3%) Radio pt (B) Radio-Keith ReadingRy (4) Real Stlk Ho: Reis(R)& Co. Remingtn-Rand. Reo Mot (11). Republic Brass. Rep Brass A (4) Hep 1 & S(4).. Reynolds Spngs. Reynlds (B)2.40. Richtield Oil (2). Rio Gr Oil (k2). Royal Bak P(1). Royal D(a1.336) 140% 55% 10t 214 1254 & 111% 198 110% 520 101% 53% 102 100% ity 6 55 196 107% 52 101% A3l 102 100 I 1 24% 39 19 578 8% 224 80% 106% B2y 20% 125% 111% 55 81% Safeway (3).... ateway pf (7).. St Jos Leaa:18). StL & San Fr(8) StL&SanF pf(6) StL&Southwest. StL Swn pr(5).. avage Arms(3) Schulte (h3%). schulte pfe8). Seab Air Lin Seab Air L p/ Seagrave(el.20). Sears-Roe(12%) Seneca Copper. . Shattuck FG(2). Shell Un(1.40). Shubert The(5). Simmons Co(3). StmmsPet(1.60) Sinclair O1l 12% Skelly O11(2). .« Snider Packg Co Snider Pkg pt. .. So Po R Su t23. South Cal Ed (2) Sou Cal Ed(rts). South Dairies A. South Dairies B. South Pac(6). South Ry(8) South Ry pf(5 SouRyM&O cfs 4 129 43 94 102 17% 18% 181 174 171 170's 166 3 6% 140 30 6415 86 313 81 a4 10015 174 13214 43 i 421f Spng Chal pt §). 9% 94 | Spen Kellog 1.60 Received by Private Wire Direct to The Star Office . High. Low. Close. 604 639 208% 29% 613 51 109 Open. Spalding (1.60).. 60% Sparks With(3). Spicer Mfg... SpicerMfg pt(3 Spiegel Co (3).. Stand Com T(1). SIAG&E (3%). Std G & Ept(4). Std Millg pf (6). Std O of Cal(13) StdOINJI(t1%). StdO:!INY(1.60) Std Plate Gla Std P Glass p Std San M(1.68). Staniey Co. 2 StwartWar(3%) Stromberg (3).. Studebaker ($5) . Submarine Boat. Sun Ol (g1).... Supertor Oil..... Supertor Steel. ., Superior Stl rts. Sweet of Am(1). Symington. ..... Symington Cl A.. Telautogrph(1) . Tenn Copper(1). Texas Corpn(3). | TexasGulfSul(4) Tex&P C&O (b5) Thatcher Mfg. Thatchr pf 3.60 The Fair(2.40) Third Avenue. . The Fair pf(7) Thomp J R(3.60) Tidewater AsO(l T1dWASO1IDL(6) TidewatrO(80c) Tim Det Ax 1.50. Timken R B (3).. Lob o (140, Tob Prod A 1.40, Transcont O1l. .. Transue & W (1) Trico Prod(2%) TwinCityRT (4). Twin City pf(7). Undwd-El F (4), Un Bag & Paper. Union Carb(§) Un Ofl Cali2) Union Pac(10 Utd Alr & Tran Utd Air&Tpf(3) Utd Biscult 1.60. Utd Cigar St(1). Utd Cgr St pf(6) Utd Dyewood Utd Elec Coal. Utd Frult (c4) erboard. US Cast Ir P(3)., US CIP 2d 1.20.. U S Distributing )e U S Alcohol (8) U S Leather, U S Leathr A(4) S Realty(4).. Smelt(3%) Steel (7). Steel (rts). . Tob pf(7)... Uni Leaf Tob(3) Uni Pic 1st pf(8) Univ Pipe & Rad Util P&EL Ace2). Vadasco Sales. Vanadium (14) Vick Chem(4)... Victor pr pf(7) Va-Caro Chem.. CarCh 6% pf.. Car Ch pf(7) Vulcan Detin(A) Wabash........ Wabash pf A(5). Waldorf(1%) Walworth(1.20). Ward Baking B.. Warner Bros Plo Warner pf(2.20) Warner-Qu(2).. Warrn Bros (15) Warren F&Pipe Webstr-Etslohr Wesson O1l (2).. Wesson O pf (4). W Penn EI pf(7) West P Po pf(7) West DairyA (4) West Dairy B... West Maryland., West Md 2d pf.. W U Teleg (3).. Westhse A B(2). Westinghse(4) Westhse 1st(4) Weston Electric. Westn ElecA(2). West Pacific pt.. White Eagle(2). White Mot(1)... White Rock (3). White Sew Mach White SM pf(4) Wilcox Oil & G. Wilcox (A) 23 . W:lcox Rich B. Willys Ov ¢1.20., Willys-Ovd pf 7. Wilson & Co.... Wilson & Co pf. Woolworth () Woolworth new. Worthn Pump. . Worth Pump(B) Wright Aero. ... Wrigey ((13%). Yale&Towne(4). Yellow Truck... Younsstu Shes). 126 Hourly Sales on N. Y. Market. 10:30 a.m.. 591.700 . 1.910.600 1:30 p.m. 2,778,800 2:15 p.m 8,168,000 Dividena rates as given in the above table are the annual cash payments based on the latest quarterly or half-yearly declarations. * Unit of trading less than 160 shares. 1 Partly extra. 1 Plus 4% in stock. & Plus $3 in preferred stock. 1 Plus 1/25 in stock. a Paid this year—no regular rate. b Pa: able in stock. ¢ Plus 5% in stock. d Pay- able when earned. e Payable in cash or stock. f Plus_10% In stock, & Plus 60. in stock. h Partly stock. 1 Plus 20. 1n stock. k Plus 1/120 share aquarterly in stock. m Payable 1/10 share quarterly in United Clgar Stores common stock. 0 Plus 1% % in stock. Markets at a Glance ~ NEW YORK, May 6 (#).—Stocks irregular; Adams Express off 50 points. Bonds irregular; foreign governments firm, Curb irregular; American Super Power issues soar more-than 15 points. Foreign exchanges easy; Spanish pesetas | slump to new 1929 low. Cotton declined; lower cables and favorable weather. Sugar easy; lower spot market. Coffee | lower; easier Brazillan markets. CHICAGO, May 6 (#).—Wheat weak: beneficial rains in Kansas. Corn weak poor cash demand. Cattle strong to higher. Hogs lower. Wall Street Briefs | By the Associated Press. Harvey L. Williams, president of Air Investors, Inc., informs the stockholders that the company has acquired inter- ests in 26 aviation enterprises. Net in- come for the first quarter including interest, dividends and profits from sale ot securities, totaled $138,311. Fox Film Corporation’s net income for the first quarter increased 109 per cent over the same period of last year. total was $3,047,138, compared with $1,451,842. Earnings were equiva- | lent to $2.93 a share on the class A and class B stock, against $1.78 a share on a smaller amount of stock a year ago. First quarter earnings of the Ohio Seamless Tire Co. of Shelby, Ohio, doubled this year in comparison with the same period of 1928. Net for the interval was $332,686, equal to $2.63 a | share, against $115,934, or $1.14 a share a year ago. Tidewater Associated Oil Co., through an operating subsidiary, Tidal Refining Co., has taken title to 750 acres of land at Deer Park, Tex., near Houston, and plans to build thereon a complete re- finery, including lubricating manufac- turing facilities, | 4 PER CENT MONEY HALTS STOCK GAINS Market Turns Dull as Rate Is Marked Up in the Afternoon. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, May 6.—An advance in call money from the renewal rate of 10 per cent, first to 12 per cent and then to 14 per cent, checked a vigorous up- ward movement in today's stock market, and turned the list irregularly down- ward, so that it left off with the losses predominating, none of them large. ‘The first rise in money came shortly after midday but it was not until the last hour that the rate was marked up to 14 per cent. The market was most active in the forenoon when prices were going up and it became dull on each successive lifting of the call loan charge. ‘The best resistance was offered by the ofls. Copper and steel stocks were heavier all day. Electric manufacturing stocks were strong at the start but reacted afterward. Opening prices were higher, with the list going ahead under the momentum of last week. The leadership was what Wall Street is pleased to call high- grade. American Can, always a popular trading medium when prices are ad-| vancing, once more registered a new | high for the present shares. General | Electric worked up to within 2 or 3 points of its previous high. Utility Favorites. General Electr] last statement showed an increase in earnings for the first quarter of remarkable proportions. Still it was only at the annual rate of about $8 a share, which is hardly enough to account for the market price of the stock. Apparently buyers expect some favorable development not yet disclosed. Consolidated Gas was another favorite, up over 2 points on a large volume. The oils were prominent, practically all of them recording gains in the forenoon trading which, however, were not held entirely when realizing began to make itself felt. Atlantic Refining made a new high at 71 and Standard Oll of New Jersey made & new peak for the year above 62, both of them on a heavy turnover. For a time there was active buying of Standard oil of California. The belief is that the over-production problem will be solved but regardless of that, income reports make gratifying comparison with those of a year ago. Two corporation news items will serve to illustrate the character of the bullish ammunition. One was an estimate that the Packard Motor Car Co. will report earnings for the nine months ending May 31 equal to $7.85 a share and an- other was that the Electric Auto Life Co. would do a larger volume of busi- ness in the first half of this year than in all of 1928. H Along the same line was the Fox Film | report for the first quarter showing net for the stock equivalent to $2.93 a share or almost $12 on an annual basis. The stock made a quick response to this showing with a gain of three or four points. High Money Effect Seen. The other side of the picture is repre- sented by the profit-taking, which had become heavy by midday, canceling a good part of the early gain and giving the market a highly irregular appear- ance. The trouble was the firmness in money. THhe renewal rate was 10 per cent and the fact that prices could advance in the face of so high an in- itial charge was a tribute to the cour- age of the present-day trading element. Even at 10 per cent money was in the rate would go higher. With the possibility in mind, offering increased and early trend was reversed. Over Third of a Century’s P —of properties placed under our management — leaving the owner with no re- sponsibility or worry. Our statements give full details of our stewardship, We are equipped for this service—especially in con- nection with Apartment House properties. BB SAWRTL GO Main 2100—925 15th St. N.W. g N A Complete Investment Service GreeeT & Co. BANKERS INVESTMENT BUILDING WASHINGTON. D.C. Telephone, Main 2460 _d Mortgages Investments JAMES Y, PENNEBAKER Main 5328 1520 K St. N.W. 6% NOTES Secured by First Mortgages Safe—Conservative Make your savines 42 Years’ and surplus funds A work for you at LXperience the highest-inter- In financine est rate consistent homes and In the with absolute sale of these se- safety. curities. Wm. B. Saunders Co,, Inc. REALTORS scant supply and it_looked as though || SCHOOL BOND OFFERING. BALTIMORE, May 6 (Special) —The | county commissioners of Baltimore County will open bids on $1,000,000 public school bonds on May 22’ at the courthouse of Towson. The bonds will be dated June 1, 1929, and divided into groups of 65,000 each, which will ma- | ture each year over a period of 16 years. The ‘bonds will bear interest at the rate of 41, per cent per annum, payable semi-annually on the 1st days of June and December. Grocery Sales Increase. NEW YORK, May 6 (#).—D. Penders Grocery Co.’s sales for the first four months totaled $4,975484, against $4.- 472,783 in the same 1928 period. Since | May 1 the company and Southern Gro- | cery Stores, Inc., both controlled by | National Food Products Corporation, | have been operated under a co-opera- tive management. The two chain sys- tems operate approximately 800 stores |in Virginia. North and South Carolina, Georgia and Alabama. For a Safe Investment REAL ESTATE NOTES Secured by High-Class Improved Properties Competent ‘Appraisals 6% Interest Consult EAVER BROS INC. REALTORS 809 15th St. N.W., Main 94% Consult Us Regarding Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS 5%% ‘We Make First Mortgages on Homes, Apartments and Business Properties in the Distriet of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenye. Decatur 3600 Mortgage Loan Correspondent, New York Life Insurance Company \ Equitable Co-operative Building Ass'n| JOHN JOY EDSON, President Organized 1879 Assets ++..$5,513,051.63 ‘WALTER S. PRATT, Jr., Secretary 49th YEAR COMPLETED Surplus & Profits. $1,601,704.98 Subscription for the 97th Issue of Stock Being Received Save as You Earn —While you have a steady income is the time to prepare for the future. —Join the Equitable and Save Systematically. 915 F St. N.W. Complete Investment and Brokerage Service Copy of our “Fortnightly Review” furnished on request G. M.-P. MURPHY & CO. Members of New York Stock Ezchange 1508 H Street Connecticut at K WASHINGTON, D. C. Teleph New York Philadelphia Main 9600 Richmond Private Wires and Telephone toc New York INVEST NOW AT 6% with Security Protected by a Surety Company Guarantee Y investing now in First National Bonds you can assure a 6% yield on your funds for 3, 5 or 10 years. The bonds provide, in addition, for payment of the 2% Federal income tax, and for refunds of all local taxes up to an aggregate of %% per annum on the principal. The First National Company, of Baltimore, Md., with resources of more than $9,000,000, stands directly be- hind your investment. And the bonds are further se- cured, dollar for dollar, by real estate first mortgages that have a Surety Company Guarantee. Write today for Circular “O”, which gives further particulars. INTERNATIONAL BANK Securities Department 16 Jackson Place Main 1016 1433 K Main 864