Evening Star Newspaper, May 15, 1929, Page 14

14 FINANCIA THE EVENING STAR. WASHINGTON. D. €., WEDNESDAY. MAY 15 1929. FINANCIAL.” D.C. BANKERS PLAN TOATTENDPAREY Delegation Will Go to Balti- more for Safe Deposit Convention. saving time, AbItibl Power... Abitibi pf (6). Adams Ex (rts). Adams Miilis(2) Adv Rumley.... Ahumada Lead.. Alr Redctn (+3). Air Way El (2).. Afax Rubber BY EDWARD C. STONE. At least 15 well known local bankers | are planning to attend the National | Safe Deposit Association’s annual con- vention which opens in_Baltimore to- morrow and closes late Saturday. The | Washington ~ dele- gation will be headed by Charles E. Howe, who is chairman’_of the gafe deposit sec- tion established curing the pres- ent vear by the District Bankers' Assaciation, along with en_auditors’ end a fiduciaries section. The program of the opening day is to be devoted larg- 1y to conferenc and two sightsee- ing trips. One i3 Annapolis an he ‘other to York, Pa.. the home of the York Safe & Lock Co.. where the | delegates will be the guests of that! company a tour of the plant and | at'dinner afterward. The real addre: es and other business of the conven- will begin Friday. p uo’?ha delegation from this city will fnclude the following. it being antici- pated that others will go over for one day at least: Charles E. Howe. R. E.| Harris, Hans W. Ireland and Harry P.| White, American Security & Trust Co.: Robert H. Lacey, Columbia National Bank: Wiiliam H. Schofield, Commer- cial National Bank; John M. Riordan, Bank of Commerce and Savings: E. E. | Miller and Joseph D. Yerkes, Federal- American National Bank: Mrs. Helen D. Reed, Lincoln National Bank; John M. Boteler, National Savings & Trust Co.: Albert E. Fisher, Riges National Bank: Willlam H. Harper. Washington Toan & Trust Co., and John D. Leonard and G. L. Walden, Washington Savings Bank. Credit Institute Makes Awards. shington Chapter of the National Intiitate ot Credit, the educational de partment of the Washington Associa- Hion of Credit Men, today awarded to the students who have successfully completed, this vear, the course in “credits, collections ‘and basic eco- |AmE | Am & For Am Ry Ex(6). Am Republ Alaska Juneau Albany Wrap Pa Alleghany Corp. Alleshany rets Alleghny pf Allls-Chalm(7). Amerada(2).... Am Agricul Chm Am Agri Ch of.. Am Bank N(13). Am Beet Sugar. Am Rosch...... Am BrSh(h160). Am Brown Bov. Am Brown Bo pf Am Can (14). Am Can pf(7) AmCar&Favif), AmC&Fpf(7). Am Cha'n pf(7 Am Chiele (2).. Am Com Alcohol Am Encaus (2). press (6). Am&ForP pf(7) Ama&For Pow 2d. Am Hawa SS(1) Am Hide & Lea.. | Am Hide & L nf. Am Home P 3.60. Am Ice (13) Am Internat Am LaFr&Foam Am LaFrance pf Am Locomot(8). Am Ma & Fy(4). Am Metals(3). . Am Nat Gaspf 7 Am Plano. Am Piano p AmP&L (11).. AmPo&Lt pf(6)] AmP&Lnf sta b. AmRa&Stds2 14, AmRa&San (rts) Am Roll M (c2). Am Saf Raz(vs). Am Seating(3).. Am Ship & Com.. Am Shipbldz(8). Am Sm&Ref(4).. Am Sugar (5). nomics,” their certificates of comple-| om0 emerirts) tion. regular meeting of the association, held n!g the Raleigh Hotel, by Lister T. Am Tobacco(8).. The certificates were presented at the | o mopac B(s Open. Hish 404 80 401 34 647 181 B4 404 R0l 18% 241 Note—The New York Stock Exchange is now operating on Eastern daylight- Lo, 18 3% L 100% 10070 100% 1005 1007 1001 191 20 14 6% 1 & 53 2878 143 141 9615 141 26ty 190 1154 1184 118 58 44 a8 831 iy 6 61 116 Am Loco pf(7).. 119% 1 156 5404 70 1% 100 £074 461 2 51% AR1y rres 38 a3l n7 19% 156 115 1001 s 4618 2 « 166% 166! 44 38 3317 33 1 118% 118% 116% 68 36 3% 86 102 Am S & R pf(7). 136 Am St] Fdya(3) Am Stores (2) 645 | Am Sugar pf(7). 108 Am Sumatra(3). Am Tel & Ca(5). Am Tel & Tel(9) 4t 2 5ia 171 172% Am Type pf(7).. 107 AmWW&EI(el). 88 Watts, president of the local assotia- |,y wwist pf(6) 101 tion. Mr. Watts urged the students to continue their educational work, stat- 1 1:'th= business world today than the :m Woolen..... m Woolen pf. “that nothing is more important| gm writ pa ctfs Am Zine. . education of those who must assist 0| gnaconda (7)... the solution of the many important| gp.e0nda (n Anaconda (rts business problems.” C. Vincent Griffin of the Rosslyn| g, .Conda Wa Steel & Cement Co. and Louis M. HeW- | gnepor Cap 2.40. 5 2015 45 1% 35 128 21% 8374 i) 68% 34 8 136 64% 8 8114 108 174% 175 108 REY 1011 20% 4 1% 3515 129% 211 83% 56'9 67 80% 108 171 1721 107 87% 101 20% 48 114 331 1251, ) 108% 1083% 106 2015 827 54% lett of the Griffith-Consumers Co. WeT€ | gnchor pf (63 ). 112% 112% 112% Swarded first honors and Miss Lillian | §acect o (450 112% M. Ingram, a member of the admin- | jch panpf(7). 114'a 114% 11415 istrative Staff of the local association, | gr o MR BICEY: Was awarded second honors in the dlass. | RTROUE Db 07 T Those receiving _certificates were Mi-| gpmour IN(B). . chael Clepatch, Paul J. Eichhorn, C. Armour 111 pf(7) Vincent Griffin, Louis M. Hewlett. Lil-| i rnoid Con & Co Tian M. Ingram, Thomas S. Pitt, Wilfred | 4 ¢ aetal (134). A. Simpson, Spencer B. Walz, Martin M. anon. Tfiee officers and_directors of the local chapter include: President, AssoDryG(23). A350 Oi1(2)....0 180D (10) . 52 891 13% 6in 75 2314 28 514 45 198 5215 20 13% 6% 76l 2314 28 52% 45 19815 514 891 120 6% s 23 28 514 45 19 W. F. Simpson; first vice president, C.| At} Coast L(110) 179% 179' 179% Emery Gallihes second vice president, | At Goif & W1, . E. C. Baczenas; secretary, Lillian In-| s¢) Refg (+1%). m; treasurer, John A. Reilly; li- grr:riln, Mrs. E. J. Hess; directors, L. AtlasPowder(4). Atlas Pow pf(6). 102% 102% 102 M. Hewlett, E. P. Rickmeier, M. M.| 4 1aq Tack.. Watson, E. A. Brown and J. Frank| sugein-Nichnl Kelly. Krafft Heads Life Underwriters. Austin-Nich pf.. Auto Sales...... 580 69% 96 134 6 374 31 5914 69% 964 131y 6 3918 3% 58% 677% 93 13% 6 30% At a meeting of the board or direct- | Bald Loco pf(7). 121% 121% 1214% ors of the District of Columbia Life | Buito & O(§).... " D ter- | B &O (rights).. TUnderwriters' Association, held yes! Bambgr pf(6% Barker pf(6%).. Barnet Leather.. Barnsdall A (2). Bayuk Cgrs (2).. Bayuk 18t p£(7). 101% 1014 100 Beacon Oil...... Beecn-Nut (3) Belding-Hemwy. Belg N R pf(16). Best & Co(3).... Bethlehm Sti(4) 107 Beth Steel pf(7) 119% 119% 119% Bioomingdale. .. Blumnthl pf(7). 105 BohnAl&Br 133 131 day, the following officers were elected for the new fiscal year: Harold D. Krafft, State Mutual Life Assurance Co., president; H. Cochran Fisher, Aetna Life Insurance Ci first _vice president; G. Lea Stabler, New York Life, second vice president; Alton G. Grinnell, New England Mutual, secre- tary, and George B. Farquhar, Penn Mutual, treasurer. The local life insurance underwriters are looking forward to an exceptionally busy year, as they are to_entertain the national convention this Fall. Stoddard Addresses Bond Club. An investment trust of managerial | Bon AmiA4).. type is the best qualified agency to| handle the great amounts of money Americans are destined to invest in for- eign enterprises, Lothrop Stoddard, economist, author and member of the advisory board of the Uniteq Invest- ment Assurance System of Boston, told local men in the bond business at a Juncheon sponsored by the Bond Club of Washington and tendered by Found- ers Securities Trust of Boston at the Carlton Hotel yesterday. Speaking on “Europe, America and Our Money,” Mr. Stoddard advocated foreign investment of American money, but only through well informed, estab- lished and intelligent mediums which are equipped to afford greatest possible safety. Nathan P. Arnold, representing the Founders Securities Trust of Boston, slso spoke. Kenneth S. Wales pre- sided. First Quarter Records Broken. Factories and mines have broken all production records in the first quar- ter of this year, the Federal Reserve Board announced today. Industrial output, rising rapidly for 15 months, was about 10 per cent larger in the first quarter than in the same period of last vear. The auto- mobile industry produced more cars than in any previous quarter, and was “one of the chief factors in the rise of industrial production to its present high level,” the board said. Increased demand for bank credit to finance industry and trade has ex- panded commercial loans in leading cities, while security loans and in- vestment holdings of the Federal Re- serve member banks have declined. There was a continuous flow of com- modities through the channels of trade to the consumer, the board's summary continued, and inventories, except in a | few industries, showed no evidence of unusual gro? D. C. Market Highly Selective. Most of the letters sent out by New York brokerage houses these days state that the New York market is highly selective. The same could be sald of today’s session of the Washington Stock Exchange. Trading was so selective that only seven issues appeared on the board. The market, opened with $4.000 Poto- mac Electric Power Consolidated 58 selling at 1011;. The opening stock sale was in Capital Traction, 25 shares | moving at 96!z and 30 shares changing at 961, Potomac Electric Power 6 per cent) preferred opened at 113, and closed at | 113. There was a 25-share transfer in Washington Gas at the recent higher price level of 109';. Federal-American Co. preferred sold at 101'; and a small lot of Mergenthaler Linotype register- ed 107'3. The market closed with 50 shares of Railway & Electric preferred appearing on the board at 97%. Heard in Financial District. The Georgetown banks—the Farmers & Mechanics branch of Riges and the Potomac Savings Bank—will go on their Summer schedules on June 1 and close at 3 o'clock in the afternoon The Friendship branch of Riggs will also agent the same Closlng WD Booth Fisheries., Booth Fish 1st.. Borden Co (3)... Borg-Warnr(J4) 129% 13 Briggs MfgFCo. Brockwy Mot (4) Bklyn-Man(4) BklynUnG: Brunswick'R(3) Brunswick Ter.. Bucyrus(1)..... Bucyruscv(z%) 42 Bucyrus pf(7) Bullard Co...... Burns Bros. Burns Bros(B).. Bush Ter pf(7).. Butte Cop & Zino Butte & Sup(2). Byer & Co... Callahan Zinc. .. Calumet & Ariz. Cal & Hecla(4).. Can Dry (143%). Can Pacific(10). Can Pac(rights) Case Threshg(6) Cavanagh-Dobbs Cav Dobs pf 6% . Celotex Co (3) Celotex pt (1) Cen Aguirre(2). Cent Alloy(2)... Century Rib M. . Cerro de Pas (6) Certain-teed Pro Ches & Oh!o rts. C&OCorpn(3).. Chi & Alton..... Chi & Alton pf Chi Great West,, Chi Mil & St P.. Ch1 Mil & StP pt | Chi & Nwn (4)... Chicago Pn Tool. ChiP T pt(3%).. CRI&PDI(6). Chi Yel Cab(3).. Chickasha(3)... Childs(2.40).... Chrysler Mot(3) City Ice (3.60).. City Stores..... City StoA(3%). Cluett-Peab(5). Coea-§ola (4)... Coca-tola (3) Coliins & Alkmn Co! Fuel & lron. Col Gas (2).. Col G&E pfA(6) Celumbla Graph Col Carbon 1414 Com Crecit (2). Com Cristpf 6% Com Solv (h8).. Cem Power (14) Conde Nast(2).. Congoleum-Nair Conley Tinfoll.. Cong Cirs (6).. Censol Ci 7). ConCigprpf(6%) Cons Film pf(2) ConsolGaspf (5) ConRRCuba pf & Consol Textile. . Container A 1.20 Coptalner B 60c. 119 24 92 131 45% 93 234 800 14 82 87 51 £a% I 5019 90% 42 191% 24 92 14 41 93 2319 80% 15 82 88 107% 51 103 131 85 8% 52% o1y . 4215 116% 2 - 106% 106% 106% 92 13 45% 93 23% 9% 14 & 105% 50% 105 129 Bt Ta 50t 90 128 411 B0l 50% 49% 634 65% 63 45 27% 3214 32ia 42% (5). 180%s 182 180% 22% 4 114% 1144 114 51% 105 26% Burroughs (15). 289 Bush Term(g2).. 52% 105 26% 289 51% 1 26% 287 62% 626 625 114's 1143 114'% 6% T 6% T 6l % 1617 151% 1 2 By-Prodets t2%. 137% 137% 2 = 130% 131% 129% 424 43 41l 8% 85% 5 231 6% 410 27% 96% 71 90 40 465 14 97% 2314 24% 94 13% 1% 17% 31% 517 83 52 123% 123% 123 100 231 6% 410 28 96% 72 100 24 25 94 13% 15 5: 1004 227 5% 406, 27% 9615 70 a0 3915 Ches & Oh1o(10) 201% 201% 20¢ 24% 931 13% 24 100 32% 1055 105% 1 Tl 159 0 97 366 164 62 t. 164% 52 9714 370 164 62 24 % 75 £315 93 27% 700 159 4915 961e Com Inv Tr(34). 148' 1497 148 365 160 234% Consol Gas (3).. 116% 1174 114% 99% 99% 9915 59% 34 154 % 60 3% 15% (Y 591a 3 15% (2 Clese, 40 80% 43 34 63 18 331y 100% 1001 190 13% 6 3915 30% 121% 1185 2 106% 92 13 45% 93 100 23% Cont Baking A Cont Baking B.. Cont Bak pf(8).. Cont) Can (2%). Contl Can (rts). Contl Insur (2).. Contl Mot(80e). Corn Prod (13).. Corn Prod pf(7). Coty. Ine (g2)... Crex Carpet. ... Crossley Ra (1) Crown Zelrbek 1 Cruc:ble Sti(b). CubaCaneSugar. Cuba Cane Su pf Cuba Company. . Cuba R R(4.80). Cuba Cuba Curtiss Aeroil). Davison Chem. Deere&Co pf(7 Del & Hud(¥) Del L& W(17) Den RG Wn pf. Detroft Ed(8). Devo&Rayn(13). Diamond M (8). Dome Minesc1). Domin Stores(3) Drug Inci4). Dunhill Int ($4). Duplan Silk (1).. Dupont de N(4). Du Pont deb(6). aton Axle (3)., Kiungon (2% ). . Elec AutoL 14%. Electric Boat recPow& Lt ( Elee Stor B (5. ik Horn pf.... ec P&LLDI(T) 3m Brantgm (A) ndicott pr(7).. ng PubSer(31). 1z Pu S pris). ng Pu S pf 5l Equit BIAg(2). . Erie R R.vouens Erle 1st pf..... EvansAu L $2%. £uirbanks(3). .. FairbankMpf (1) Fashion P(k2%) Ked Mot T(80e).. Fidelity-Phoenx Filene's pf(6% ). First N P 15t(8) First NatS(1%) Fisk Rubber. ... Fisk Rub 1st pf. Fleischman 3% Florsheim (A).. Follanshee 21 Foundation Co.. Fox Film A4).. Frank-Spf(7).. Freeport T (4)., Fuller pr pf(6). Gabriel Snub A Gardner Motor... Gen Am TC(34) Gen Asphalt.... Gen Asph pf(5). Gen Cabl . Gen Cable A(4) Gen Electrie t GenElec sp(60c) Gen G&EI A 1% . Gen Gas(rights) Gen Gas B(el) Gen Mills (3). .. Gen Mot (13.30). Gen Mot pf(7).. Gen Out A(4)... Gen Out ctfs(2). Gen Ry SIg(5). . Gen Refrac 13%. Gillette S R (5). G'mbel Bros. ... Glidden Co t1%. Glidden pr pf(7) Gobel (Adolph). Gold Dust (new) Goodrich(4). ... Goodyear Tire. . Goodyr 18t pf(7) Gothari H (2%). Géuld Coupler A Graham-Paige. . Grahm-Paig rts Grhm-Paige cfs Granby Min (7). Grand F&W (1). Grand Un pf(3). Grant W T (1).. Gt Nor pf cfs(5) Grt NorO(al%). Grt Wo Sug 2.80. Greene Cana($). Gulf Mo & Nor. . Gulf Stat Stl(4). Hacknsk W(1%) Hahn Dept Stor., Hahn D § pf 6%. HamiltonWpf (6) Hanna M A (7).. Hartmn B(1.30). Havana ElRy... HavEl Ry pt(6). Hayes Body (b8) Hersney Corp... Hershey pf(4). . Hershey pr pf(6) HockingVal(10). Hoe &Co A..... Hollnd Fu(e23%) Homestake({7).. Household(14). | Houston Of1 Howe Sound (4).. Hud Man(2%).. Hud Man pf(5) % 28, 3214 42% | 114 5l% 105 265 s " 93% 18% 17 161 82 Bum P 540 828 57 2315 49% i 613 129 4 Hudson Mot (6 Hupp Mot(£2).. Hlinols Cen(7)., 111 Cen Iss 11(4) .. 1nd O & Gas (2). Indian Refining. Indian Refg ctfs Indust Rayon. .. Ingersoll R 15%. Inland Stl (3%). Inspiration C(4) InterboroRapTr InterconRubbs Internat Agri... Intl Bus Ma (§). Int Cement(4).. Int Com Eng(2). Int Combus (rts) Int Comb pf(7).. Int Harv (2%). Int Harv pf(7). Int Mtch pf 3.20, Int Mer Marin int Mer Mar p Int Nick,Can 800 Int Paper pt (7). Int Pa&PoA2.40. Int Papr & Po B. Int Papr & Po C. Int Pa&Po pf(7) Int Prig Ink 3% . Int Prig Ink pt 6 Intl Sait(s). . Intl Silver (3. Int Tel & Tel(6) . Int Tel&Tel new IntTel&Tel(rts), Inter Dept S(2). Intertype(ft1%) Island Creek(4). Jewel Tea (15). Jordan Motor.... Kan City Sou(§) Bsaufmn DS 14. Kayser J(5)...0 Keith-Albe elly-Spring. KelseyHayes(n) Kelvinator Corp. Kendall pf (163, Kennecott (¢)... Kimberly-C 2% . Kinney (G R) Kolster Radio Kraft-Pho(1%). Kresge (1.60) Kress SH (1). Kreuger&T 1.34. Kroger Gro(el). Lambert Co (8) Lee Tire & Rub. . Leh Por Cmt 2% Lehigh Val Coal. Leh Val C p£(3). LehighVal(3%). 277 2915 60 3 150 i ehn & Fink(3).. Lig Myers(15). Lig & Myrs B 1| Lima Locomtve. Link Belt (2.40). Liquid Car t4%. Liquld Car(rts). Loew's (13)... Open. Hizn. Low. Close 734 73 12 96%4 Long-Bell(A)... Loose-Wil 2.60. . Lorillard Co. . La Oil pf(6%4) Louistana Oil. Louis GasA 1.75. Louls & Nash(7) LudlumSti(2).. Mac And(12.85). Me Call Corp(4) McKesson&R(2) McKsn pf A 334 Mack Truck6). Macy Co (€2). Mad 8q Gar 1'%. Magma Cop (5). ! Mailison & Co. .. Manat! Sugar. Man Elee Sup Man Elev gtd(7) Man 11 m2zg(db) Marland Gil Mair-Rock (14). Maracaibo Oll. Marmon Mot(4). Martin-Parry. Mathiesn Alkill, May Dept Sc4) Maytag (12) Maytag pf (3). Maytag 1st pf 6. Melvie Shoe 1.40 Meniel (‘0. Met Gold pf 1.8 Mexican Sea Miami Cop (4) Mid-Cont P(2) Middle States. Mid States ctrs. Midld Stl pf 11 Minn & St Loul, Mo Kan & Tex. . Mo K&Tex pf(7) Missourt Pacific. MoPacific pf(5). Monwk Car 2% Mont Ward 23 .. | Moon Motor. Mors& ISsk (3 Mother L (40c).. Motion Fic Corp. Motor Meter A Motor Whi (2) 1lins Mfg. nsingwr t314 Murray Corp.... Nash Motors(8). Nash & Chat(7). at Acme (1). at Bellas H 11. t Biseuit (6). Nat Cash Reg 14 Nat Dairy (33). Nat Dairy (1%). Nat Distiitern atDistlrs pf(7) Nat Enamlg (1). at Lead(b).. at Lead pfA(7) at Pow&Lt(1)., Nat Ry Mex zd Nat Supply (18). Nat Supply pf T Nat Surety (5) Nat Tea (1%5)... evada Cop (3). N O Tex&M (7). Newport A (3).. Cewton Steel(3) N Y Alr 8r(3)... N ¥ Central(8).. NYDocK.cooaoo NYNH&Hart(4) NY NH&H pf (1) N ¥ State Rys pf N Y Sum pf(8).. NY Stm 1st pf 1. orf & Wn(110) OrAm bl % stk NorAm Ed pf(7) No Ger Lid 3.41. Nortn Pac(5) Nor Pac cfs(8) alk Tire unnally Co. 011 Well Supply. Oil Well S pt Oliver Farm Fq. Oliver conv (3). Oliver pf A (6).. Omnibus 5 Oppenhm-Col (5) Orpheum pf(8) Otis Elev (6).... Otis Stl pr pf(7) Outlet Co pf(7). Owens Bot new. Pacific Gas (2).. Pac Lightg (3) Pac Oli Stubs. .. Pac Tel & Tel(7) Packard (13%).. Pan-Am Petroim Pan-Amer Pet B Paramount-F-L. Park & Ti1(13).. Park Utah(80c). Pathe EX... Pathe EX(A). Patino M (3.89) Peerless Motor Penick & Ford. . Penick&F pf(7). Penn Dixle Cmt.. PennRR (4)... Penna RR (rts). People’s Gas(¥). Pere M prior(5). Pet Milk (1%). Phelps-Dodge. Phila Co pf(2%) Phila& RC& L. Phil Morris(1). Phillips-Jon(3) Phillips P (13%). Phoenix pf(7). Pierce-Arrow. Plerce O1l. Plerce Petrolm Plllsbury (2)... Pirelll (A) 2.88 Pitts Coal Pitts & WVa(6). Por RicoToA (7). PortoR1coTobB.. Postal T&C pf 7 Postum(3). P O11&Gas. Prairie PL 13%. Pressed Stl Car. Pr Stl Car pf(7). Public Serv 2.60. Pub Serv pf(6) Pub SE&G pf(6) Pullman Co(4) Punta Aleg Sug. Pure Oil (1%) Pure Oll pf(¥).. Purity Bakin, Radlo Corpn.... RadioCe pf(3%) Radio pf (B). . Radio-Kelth(A). RSCcfs(4). ReadingRy (4) . Reading 18t(2).. Real Silk Hos Rels(R)& Co. Remingtn-Ra Reo Mot (t1)... Rep Brass A (4) Rep Brass pf (7) Repl&S(4).... Reynolds Spng: Reynlds (B)2.40. RhineWE(1.92). Richfield O11 (2). Rio Gr Oil (k2). Rossia Ins (n) .. Rossia Ins (rts). Royal Bak P(1).. Royal D(a1.336). Safeway (3). Safeway pf (7) St Jos Leaai13). StL & San Fr(8). StL&SanF pf(8) StL&Southwest.. Schulte (h3%) Schulte pf(8) b Alr Line. Seab Air L pf. Seagrave(el.20). Sears-Roe(32%) Seneca Copper... Shattuck FG(2). Shell Un(1.40).. Shubert The(5). Simmons Co(3). StmmsPet(1.60) Sinclair Oll 12%., Skelly O11(2). . Snider Packg Co Snider Pkg pf... SoPoRSut3%. South Cal Ed (2) Sou Cal Ed (rts; 100% 50 100%% 99' i 6 225 99t 51% 6315 South Pac(6).. South Ry(8). Souta Ry pf(5) SouRvM&O cfs Spalding (1.60) Spang Chalfnt.. 40 Spog Chal pL A 93 NEW YORK STOCK EXCHANGE . Fich, Low. Close. 28 (5.3 64 a0 80 Received by Private Wire Direct to The Star Office Oven Sparks With(3). 258 238 | Snicer Mrg 9% | Spicernifg pt(3) | Spiegel Co (3).. Stand Com T( SUG&E (3%). Std G &E pf(4). Std O of Cal(13) StdOIINJ(T1%). StdO!INY (1.60). Std Plate Glas: Std P Glass pf. Staniev Co..... StwartWar(3%) Stromberg (3).. Studebaker($5). Submarine Boat. Sun OIl (g1).... Sun Oil pf(6). perior O High, Low. Close 3 51 231 Sweet of Am(1). Symington Cl A.. Telautogrph(1). Tenn Copper(1). Texas Corpn(3). TexarGulfSul(4) Fex&P C&O0(h3) Tex Land Trust. Chatchr pf 3 60.. The Fair(2.40).. Third Avenue. .. Thomp J R(3.60) Tidewater AsOIl TidewatrO(80e) Tide W O11 pf(5) Tim Det Ax 1.80. Timken R B (3). o rod (1 4. b Prod A 1.40. Transcont O, .. Trico Prod (214 Truscon S $1.20., Undwd-El F (4) Un Bag & Paper. 100 Carbeby. . Un Carbide (n).. Un Ol Cali2)... Union Pac(10).. 2 Un Pacific pf4) 4 Utd Air & Trans 196 19 1% 112% 100% 100% 50 50 10015 101 991 99 100% 507 101 110% 94 95 214 102% 17 21% 17 15814 B% 147 18% 5274 424 56 3 4% 13 130 139 96 131 88 BT 40 | 40 83 ) 83 4% 13 130 13915 96 136 5% 40 a3 9614 136 Utd Biscuit 1.60. lita Cigar Stel). United Corpn. Utd Corpn pf (3 Utd Dyewood Utd Dyew pf Utd Elec Coal. .. Utd Frult (c4).. Utd Paperboard. | US CastIr P(2). US CIP 1st 1.20.. US CIP 24 1.20., U S Distributing U S Hoffman(4). U'S Alcohol (8).. US Leather.. U S Leathr A(4) U S Realty (5).. U S Rubber. U S Kub 1st pt. U S Smeilt(3%). teel new (7) teel (rts). . Tovuccotd). Tob pf(7) Uni Leaf Tob(3) Unit 1st pf(8) Univ Pipe & Rad Ut P&L Ace2). Vadasco Sales. Vanadium (r4).. 62, Vick Chem(4)... 1075 Victor pr pfi7).. 114 Va-Caro Chem.. ]41 Va-CarCh 6%pf. 4x Vulcan Detin... &2 Vulean Detin(A) Wabash........ Wabash pt A(5). Waldort(1). .. Walworth(1.20) Ward Baking (A Ward Baking B Ward Bak pf(7). Warner Bros Pic Warner pf(2.30) Warner-Qu(z). . Warrn Bros (15) Warren F&Pip Webstr-Eislohr. Wesson Ol (2).. Wesson O pf (4) W Penn ELA(7). W Penn El pf (6) W Penn k1 pf(7) West P Po pf(7) West Vaco (2) West Vaco(rts). West Dairy B. .. West Maryland. West Pacific W U Teleg (3) Westhse A B(2), Westinghse(4).. 165 Westhse 1st(4 Weston Electric. White Eagle(2). White Mot(1)... White Sew Mach White SM pf(4). Wilcox 011 & G.. Wilcox (A) 234. Wilcox Rich B Willys Ov c1.20.. Willys-Ovd pf 7. Wilson & Co. ... Woolworth (§).. Woolworth new. Worthn Pump. Worth Pump(A) Worth Pump(B) 714 Wright Aero. ... 136l Wrigey ((13%). 754 Yellow Truck... d46% Young Spgs t2% 65 Youngstu Sh(s). 129 129 Hourly Sales on N. Y. Market. 19,900 12 M. .. 1,703,100 -500 2:15 p.m 2,621,100 given In the above table are the annual cash payments based on the latest quarterly or haif-yearly declaration: 4 pDit of trading less than 100 shares. Partly extra. I Plus 4% in stock. # Plul 33 in preferred stock, ¥ Plus 1/25 in stock. 8 Pald this year—no regular rate. b Pay: oy 14% 14% a2l h 91l 109 1145 147 43 14% 4l 819 90 106 114 814 8la 3 90 106 17 82% 41 665 104 97 108 115 %0 3% 280 44w 3678 able in stock. ¢ Plus 6% in stock. d able when earned, e Payable in_ca stock. f Plus 10% in stock, & Piis in sfock h Partiy stock. | Plus 20n stock. k Plus 1/120 share _quatterly 1 Stock: m Payable 1/10 share quarteriy i Pmied Ciear Stores common stock. B Plus 1. i’ stoc Wall Street Briefs By the Associated Press, New life insurance during April Iamountcd to $1,122,303,000, compared with $1,032,404,000. in April, 1928, a gain of 8.7 per cent, the Association of Life Insurance Presidents has reported to the Department of Commerce. Life insurance written during the first four months of this year totaled $4,289,590,- 000, compared with $3,977,520,000 for the same period last year. This repre- | sents & gain of 7.8 per cent. All records for sales of Packard motor cars for the 30 years of the company’s history were broken last month, when more "than 6,000 cars were delivered. The previous 'high output was in Au gust, 1928, when 5,652 cars were deliv- Stockholders of the Corn Exchange Bank today approved plans to change the bank into a trust company, to be known as the Corn Exchange Bank Trust Co., and to split the stock, ex- changing five new shares at $20 par for cach ‘share of the present $100 par stock. Operations of the Baldwin Locomotive Works are running at 25 per cent ca- pacity, against 20 per cent recently. This tate is expected to continue for several months. Orders for 200 locomo- tives for domestic carriers are on hand. Substantial increases in the con- sumption of electricity and gas are re- ported by the Commonwealth Power Corporation, operating in Michigan, Ohio, Indiana, Illinois, Tennessee and Georgia. For the first four months of 1929 electric sales were 670,476,114 kilowatt hour, and sales of gas totaled 2,880,890,700 cubic feet, as compared with 594,172,027 kilowatt hours and 2,- 413,899,000 cubic feet for the same period last year, gains of 12.84 per cent and 19.35 per cent, respectively, Trading in copper futures was in- augurated on the National Metal Ex- change today. s ki HIGH MONEY HALTS | ADVANGE IN STOCKS ',List Turns Irregular Wfter Early Outhursts of Strength. Trading Subsides. BY GEORGE T. HUGHES. Special Dispatch to The Star NEW YORK, May 15.—For two hours today the Stock Market was strong and active with & number of issues | forging ahead into new high ground.! Then as money tightened the list turned irregular, volume fell off and the trend | became uncertain. [ | | ‘The renewal rate for call loans was 10 per cent, which was the fieure at the close vesterday. In the early after- noon money advanced to 12 per cent, and even then it was in scant supply. At 2 o'clock it went to 15 per cent. | The best that could be said was that | there was no real weakness and that activity decreased on the decline. i Except for Packard, motor shares were heavy in the afternoon, although' they had been uniformly sirong in the | st_half of the session. Rubbers sold off, perhaps in sympathy with the break | in rubber futures. The oils acted dis-| appointingly all day, failing to reflect the favorable dividend news. Utilities came down from their best, but made a good showing. Sentiment in mixed. On the one hand it was admit- ted that the market had shown sur- prising recuperative power, but against was the continued uncertainty of || > credit situation. The market hour confused in the extreme. | Fractional losses were recorded many stocks, perhaps more than show- | ed advances, but the gains were as a cule larger in amount, than the declines. Packard maintained its leadership and sold at a new record high toward the end. Warner Brothers' Pictures was strong and the stock of the public util- ity holding companies held firmly. In general, the list showed its now familigr indifference to high money. MONEY MARKET. NEW YORK, May 15 (P).—Call money | strong: high, 15; low, 10; ruling rate, 10; closing bid. 15. Time loans firm: mixed collateral, 60-90 days, 9: 4-61| gn_nnlfih(, 874: prime mercantile paper, 4 86. Bankers' acceptances unchanged. METAL MARKET. NEW YORK. May 15 (#).—Copper quiet; electrolytic, spot and future, 18 Iron steady; unchanged. Tin steady; spot and future, 44.25a44.37. Lead | steady: spot. New_York, 7.00: East St.| Louis, 6.50a6.75. Zinc steady: East St.| Louis, spot and future, 6.6026.75. Anti- mony, 8.87. SHORT-TERM SECURITIES. (Reported by J. & W. S!“Kmlxhdk Co.) i Allis-Chalmers Co. 55 1937...... 99% Aluminum Co. of Amer. 55 1953 101 Amer. Tel. & Tel Co. ds 1929 993 Balumore & Olio 4125 1933, . . Batavian Pet. Corp. 4'is 1942 Bel Tel. of Canada 5s_1955..... 100 California Pet. Corp. 51 Canadian Nat. 4 nadian Nor 19: Chile Copper Co. 55 1947 : Cudahy Packing Co. 51.s 1937 1 EL 11 Boston 4125 1930 Mot Accep. Corp. bs 19 General Pet Corp. 5s 1940.. Goodyear T. & R. 85 1957... .. Grand_Trunk Capada 6s 1936 Gulf Ofi of Pa 55 1937 .... Humble Ol 8135 1932.. Internat. Match Corp ‘85 194 Oregon Shore Line 4s 1329 Pure Ofl Corp. ‘8755 1937 Shell Union Ol Co, 55 1947 Sinclair Crude Ol Co. 5125 1933 Standard Ol N. Jersey 55 1945 L. 1Ir Mt & So. Rv. 4s 1020 Swift & Co 3 s Union OIl Ce. of Calif. 85 1935 United Drug Co. 5s 1953 : Western Electric Co. 55 1944 Wheeling Steel Corp. 5'>s 1248 98 AN TELESRAPH CompaNY 159th Dividend Trz regular quarterly TeEPHoNe S dividend of Two Dollars and Twenty-Five Cents ) %P ($2.25) per share will be paid on July 15, 1929, to stockholders of record at the ciose of business on June 20, 1929. H. BLAIR-SMITH, Treasurer. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. Mortgages We Recommend— .. Spencer Trask Fund, Inc. the Street was much| || movement in the lnsfi‘ | 4 We Buy and Sell . . . BANKERS SECURITIES OF AMERICA TRUST Price to Yield 8. —Inquiries Invited The Finance & Trading Co. Bank Stocks 1108 Sixteenth St.. N.W. 2289 Decatur 2267 JOHN JOY EDSON, President Organized 1879 Assets .... $5,513,051.63 Subscription for the 97th Issue of Stock Being Received WALTER S. PRATT, Jr., Secretary 49th YEAR COMPLETED Surplus & Profits. ....$1,601,704.98 Save as You Earn —Wahile you have a steady income is the time to prepare for the future. —Join the Equitable and Save Systematically. 915 F St. N.W. To Megt Your Standards ERE are desks that fill eve the modern business office. Standard Desks are beautifully designed, serviceable and economical. They are made and arranged to facili- tate orderly business methods. Manufactured in several convenient sizes, priced from $48.00 in commercial grades for the 60" size to $350.00 in the executive. We are exclusive Standard Desk representatives in this city. v requirement of THE W.D. CAMPBELL COMPANY BUSINESS FURNITURE AND EQUIPMENT Decorators of Commercial Interios 1018 15th Street 1506 L Street ) e STANP EY FYERST."MOR TG'AGES YOU CAN MAKE MONEY WITH SURPLUS MONEY Under our Partial Payment Plan you can buy our Over a Third of a Century 6% FIRST MORTGAGES with what money you can spare from time to time—all the while enjoying the sure dividends of a safe investment. Without a Loss F. SAUL CO. 92511 5thy St NI B. Main 2100 THERE IS NO °SUBSTITUTE FOR SAFETY at the market Circular on Request Irving & Johnston Woodward Bldg. Main 8973 Correspondents of Spencer Trask & Co. Members Wash, Stock Exchange Early Maturity Obligations naturally are directly affected by current time money rates. As a result of months of firmness in these rates, Short Term Notes now offer more attractive yields than many long term bonds. Each week we issue a selected list of these securities. Send for a copy. THE EQUITABLE SECURITIES COMPANY NG A subsidiery of The Bquiteble Trast Compeny of New York STANLY CaRR, Representative 917 Fifteenth Street, N. W. WASHINGTON, D. C. Real YEstate Loans on —Business Properties ~——Apartments —Office Buildings Our Real Estate Loan Department is fully equipped to give prompt and satisfactory service on LARGE LOANS. Consultation Invited WEAXE_.RBBO REALTORS 809—15th St. N.W. Main 9486