Evening Star Newspaper, May 16, 1929, Page 14

14 MAY 16, 1929. JARDINE IS NAMED COMPANY OFFICIAL Former Secretary Is Chair- man of Investment Cor- poration Board. BY EDWARD C. STONE. Formbr Secretary of Agriculture Wil- liam M. Jardine has been elected chair- man of the board of directors of the Investmeat _Cor- poration of North Americo, which has offices in the Woodward Build- g, Mr. Jardine succeeds the late Lyman B. Kendall, who was active head of the con- cern. The new chairmar. auto- i matically becomes a member of the executive commit- tee, Rolfe E. Bolling, president of the Merchants Bank & Trust Co., iS presi- yiyjam M. Jardine. dent of the cor- poration; Henry Shepperd, associated with the Washington office of Clark, Childs & Co., secretary, and J. V. Tar- ter assistant secretary. The company was organized over a year ago and the ck is quite widely held locally. Mr. Jardine’s connection with the firm is considered a very important move by the other directors. Surety Company Increases Capital. L. Bert Nye, manager for Washing- ton, Maryland, Virginia and North Carolina_for the American Surety -Co: of New York, reports that the trustees have approved an increase in the com- pany’s -capital from $5,000,000 to $7.- 500,000. The increase is to be repre- sented by 50,000 additional shares of $25 par value each, to be offered to the stockholders of the American Surety Co. on the basis of one new share for each four old shares held on June 10, 1929, at $75 per share, and another 50,000 shares of $25 par value each, to be utilized in connection with the acquisition of the shares of capital stock of the New York Casualty Co. Simultaneously, directors of the New York Casualty Co. approved the plans of a committee representing stockhold- ers for affiliation with the American Surety Co. and providing that stock- holders of the casualty company be | given an opportunity of receiving one share of American Surety stock for each one-and-a-half shares of New York Casualty stock. In addition, each New York Casualty stockholder will be permitted to subscribe for one ad- ditional share of American Surety stock for each six shares of New York Casualty stock which he deposits, at $75 a share. The plan also contemplates a special dividend of $6 per share on the New York Casualty stock prior to the acquisition of that stock by the American Surety Co. ‘Washington Gas Sells at 110. ‘Washington Gas Light sold on the ‘Washington Stock Exchange today at 110, the highest mark reached since before the annual meeting, when -there was a contest on. for control of the company and a sharp scramble to ob- tain the stock. Today’s turnover, how- ever, was very small. The stock closed with 1091, bid and 111 asked. Security Savings & Commercial Bank stock showed a jump of 20 points since the last sale, when it registered 521 on a 10-share transfer. Federal Storage Co. preferred sold at 122, Firemen's Fire Insurance sold to the extent of 50 Shares at 401 and 40%, and 100 shares of Real Estate Mortgage & Guaranty preferred changed hands at 7!2. Riggs National sold at 575. Georgetown Gas 5s opened the bond trading, selling at Gas 6s, series A, came out at 10234, while the series B bonds sold at 1031;. There were two $3,000 sales in Chesapeake & Potomac ‘Telephone 5s at 99%. Institute Governors Meet. ‘The board of governors of Washing- tion Chapter, American Institute of Banking, held their final meeting of the year last evening. The newly members for the coming year were also nt. wl‘:porunt committee reports covering the years’ work were submitted. one of the most important being that of the educational chairman, A. E. Henze. report showed a substantial gain in the classwork diring the year. President James A. Soper presided. ‘Before the governors met, the delegates to the coming annual convention at ‘Tulso, Okla., held a short session to make further plans for the trip. The candidacy of T. Hunton Leith for membership on the executive council appears to be making splendid progress. Life Insurance Output Larger. New life insurance production during April was 8.7 per cent greater this year than in April, 1928, according to ‘Association of Life Insurance Presi- dents. Such writings during the first four months of this dyeux were 7.8 per cent greater than during the corre- sponding period of last year. Statistics cover 44 member companies having 82 per cent of the total life insurance in all United States legal Reserve com- panies. . For April, ordinary insurance amount- ed to $793,786.000, against $710,435,- 000 in 1928, an increase of 11.7 per cent. Industrial amounted to $256,279,000 in 1929 and $259,962,000 in 1928, a de- crease of 1.4 per cent. Group was $72,- 238,000, against $62,007,000 in 1928, a gain of 16.5 per cent. The aggrega of all classes amounted to $1.122,303,- 002. compared with $1,032,404,000 in 1928. For the four months period. new ordinary insurance amounted to $2,967,- 415,000, against $2,727,425,000 during the corresponding period of last year, a gain of 88 per cent. Notes in Financial District. Albion K. Parris will give an address before the Columbia Historical .Soclety in the assembly hall at the Cosmos Club next Tuesday evening, his sub- ject being “The History of the Wash- ington Stock Exchange”. This is the meeting postponed from last month on_account of bad weather. Frank P. Morse, local manager of J. & W. Seligman & Co., is leaving for New York today to sail Saturday aboard the Lapland for an extended motor tour in Europe. He will be ac- companied by Jesse L. Suter of Harri- man & Co. They have secured the same driver who took G. B. Shipman on a similar trip last Summer. W. W. Spaid of W. B. Hibbs & Co. is in New York today attending a meeting of the board of directors of the Association of Stock Exchange Firms. The American Telephone & Tele- graph Co. has declared regular quar- terly dividend of $2.25, payable July 15 to stock of record June 20. Shubert Theaters has declared reg- ular quarterly dividend of $1.25, pay- able June 15 to stock of record June 1. The George A. Fuller Co. has d clared, in addition to the regular quar- terly dividends of $1.50 a share on the cumulative participating second pre- ferred stock, participitating dividends of $2.68 a share on the prior preferred and $1.93 a share on the second pre- ferred stock, participating dividends July 1 to stock of record June 10. Debenture Bonds Might Help. “Farm products cost more than they used to, I suppose,” said the city visitor. “Yes,” replied the farmer. “When a farmer is supposed to know the botani- cal name of what he's raisin,’ an’ the entomological name of the insect that eats it, an’ the pharmaceutical name of the chemical that will kill it, e~ Bocy's 0% 10 13 te | Chi Great West.. Note—The New York Stock Exchange is now operating on Eastern daylight- saving time. Adams Ex (rts). Adams Millis(2) Adv Rumley.... Adv Rumley pf.. Ahumada Lead.. Alr Redetn (13). Open. High. Low. Close. 40 40 40 40 34 38 34 34 62 62 60% 6l 72 72 T0% 0% 2% 2% 2% 2l 1254 133 123% 132 Air Way El (2).. 45 45% 44 44% Afax Rubber.... 7% % 7 7 Alaska Juneau.. 6 6 b 5% Alleghany Corp. 33'4 83% 33t 384 Alleghany rcts.. 100% 100% 100% 100% Alleghny pf 5. 100% 100% 100 100 Alited Chem 283 28414 283 284 Allis-Chalm(7). 188 193 186 19; Amal Leatherpf 63 63 63 6 Amerada(2).... 28 28% 27% 28% Am Agricul Chm 13% 13% 11% 12% Am AgriChpf.. 46% 46% 46' 46% Am Bank N(13). 124 124 12U 121% Am Beet Sugar.. 16% 16% 16% 16' Am Bosch. ... 65% 657 63 65 Am BrSh(h1.60). 52% b52% Awm Brown Bov.. 28% 29 Am Brown Bopf 8 »% Am Can (14).... 1427 143% 140% 143%5 AmCar&Fdy(6). 984 983 96 96 Am Chicle (2).. 67's 672 57% 57% Am Com Alcohol 4312 44% 435 4d% Am & For Pow.. 111 114% 109 112% Am&For Pow 24, 92 92% 91's 9215 Am Hawa SS(1). 317 Am Hide & L pf. 26% Am Home P 3.60. Am Internatl 12. Am Metals(3).. Am Metals pf(6) 117% 117% 117% Pl 6l 3L 1124 116 5 100% 100% 100% 160 AmPELDfstab. 80% Kl 80% K1 AmRa&S1AS2%;. 459 45 45 45h AmRa&San(ris) 2 2 Am Ry Ex(8) 165 165 Am Republ 50% 504 Am Roll M 1 1 = 16313 163% 50 50 Am Sm&Ref(4). 100% 102 Am S&Rpf(7).. 136 136 Am StlFdys(3). 63% 63 63 63 Am Stl Fy pf(7). 111%s 111 111% 111% Am Stores (2)... 7% 7% 77 ki Am Sugar (5)... 80% B80% 80% B80% Am Sugar pf(7). 108% 108% 107} 107% Am Sumatra(3). 45% 45% 454 45% Am Tel &Ca(5). 27% 28% 2T 284 Am Tel & Tel(9) 216'; 217% 215% 216 AmTel&Tel(rts) 5w 5w 65 5k Am Tobacco(8. 176 178 175 177% Am Tob pf(¢ 118% 118% 118% 118% Am Tobac B(8).. 175% 178 1741 178 Am Type pf(7).. 108 108 107% 107% AmWWE&EIl(cl). 87% % 86 83 Am Woolen. 1 Am Woolen pf. Am Writ Pa ctfs AmWritP pf(3). 40% 33 34 99 99 99 125 126% 121 126% Anaconda (new) 105% 106} 102 106% Anaconda (rts).. 20% 20% 184 20% £2 82 8l 8l Anchor Cap 2.40. b4'4 54% b58% 53 Anchor pf (6%). 113 117} 113 116% Andes Copr (3).. 50% b51% 50% B51% Archer Danls(2) 37 87 36% 37 19% 48 1% 404 33 34 Cuba Cane Su pf Cuba Company 52% Curtias Aerot1). 152 Curtis Pub (6).. 123 Cuyamel Fruit.. 179% Davison Chem... 53% Deere&Co pt(7). 122's Del & Hud(9).., 190 Del L & W(17).. 121 Detroit Ed(8)... 255 Devo&Rayn(t3). 54 Devoe&R 1st(7). 115 Diamond M (8). 144' Dome Mines(1). 9% Domin Stores(3) ( Dupont de N(4). Du Pont deb(6). Durham Hos pf. Eastman (18). Eaton Axle (3).. Elec AutoL 1434 tlectric Hoat. .. Pow&Lt(1). lec PELL I(T) EIPo&Lt f pd(7) Elee Stor B (6). Em Brantgm(A) £nd-John(5) Eng PubSer ( EngPuSpfs¥%. Equit Bldg(2).. EquitableTr(12) Erle RR. Erie 18t pf...... EvansAu L $2%. Exchange(13%).. Fuirbanks(3) FairbankMpf “ashion P(k21s) Fashn Pk pf (7). FedL1&Tra 1% Federal M & Sm. Fed Mot T(80¢). Fidelity-Phoenx Filene's pf(6%). First NatS(1i). Fisk Rubber. ... Flelschman t3%; Florsheim (A).. Follanshee 1233, Foundation Co.. Fuller pr pf(6 Gabriel Snub A Gardner Motor. . Gen Am TC(34) GunElec sp(60c) GenG&EI A 1%. Gen Gas(rights) Gen Gas pf A(7) Gen G & 1 A(8) Gen Mills (3)... Gen Mot($3.30). Gen Out A(4) Gen Out ctfs( Gen Ry Sig(6).. Gen Refrac t3%. Gillette SR (5). G'mbel Bros Arch-Dan pf(7). 114'% 114% 114! 114% Armour Ill(A).. 12% 12% 12% 12% Armour II(B).. 6% 6% 6% 6% Armour Il pf(7) T4 T3 Art Metal (13%). Ass0DryG(2% ). Asso D G 2d(7).. Asso O11(2) 45 45 Atchison(10)..., 197% 197% 197% 197% Atchison pf(6).. 100 101% 99% 101% Atl Coast L(110) 179% 179% 179% 179% AtlGuif & WL.. 59% 61% 59 6L AtIGulf pf (4). b5 b4 56 Atl Refg (t1%) 66% 68% AtlasPowder(4). 95% 931 95% Auburn Auto 236 221 236 Ausun-Nich pf, 39% 39 39% Auto Sales. 31 30k 304 Balto & O(§ 118 117% 117% B &0 (rights). 2 2 2 Balto & O pf(4). Barnsdall A (2). Beacon Oil. Belding-He: 9B 78 : 08 45% 46w 444 23% 284 23k 14 14k 14% 824 824 B2 B2k 85 . 86's 84l 86% 105% 106% 104% 104% Beth Steel pf(7) 119% 119% 1193 119% BohnAl&Br t3% 1284 129 128% 129 Bon Ami A( 85 87 854 &7 Booth Fisheri: 8 8 % % Borden Co (3)... 93% 93% 90% 93 Borg-Warnr(J4) 128% 135 127 133% Briggs MIgFCo. 41% 41% 40% 41% Brockwy Mot(4) 49% 50 494 Bklyn-Man(1).. 64% 66% 64 665 BklynUnGas(5). 179% 1804 179% 1804 Brunswick B(3). 45 45 44k 44% Bucyrus(1) 31% 31% 31% 3% v(2l) 42 421 42 42y 114 1148 114 100 100 .. 50% B0% 6O 50 Burns Bros(B).. 26% 26% 26% 26% Burroughs (15). 295 302 295 3024 Bush Term(g2). 62% 62% 62% 6214 Bush Ter p£(7).. 114 114 114% 114% ButteCop&Zine 6% 64 6 6 Butte & Sup(2).. 7w Th 7 7 Butterick Co. 32 827 .32 32 Byer & Co.. 145 145 142% 143 By-Prodets {2%. 130 132 128 132 Calif Packg (4). 76 76 5% 5% Caliahan Zine 2.3 8 ae Calumet & Ariz. 125% 129% 126% 129% Cal& Hecla(4).. 42% 424 41 42 CanDry (14%). 8% 85% 84% 84% Can Pactfie(10). 228' 230 228% 230 Can Pac(rights). 5% 6% 5% 5% CannonMills280 40 40% 39% 40% 78 45% 23% 14% Glidden Co 1% Gobel (Adolph). Gold Dust (new) Goodrich(4).... Goodyear Tire. . Goodyr 18t pf(7) Gotham H (2%). Gould Coupler A. Graham-Paige. . Grahm-Paig rts. Granby Min (7). Grand F&W (1), Grand pf(6%).. 1 Grand Unon Grand Un pf(3) Grant W T (1).. Grt North pf(5). Gt Nor pt cfsi5) Grt NorO(a134). Grt Wn Sug 2.30. Grt Wn Su pf(7) Greene Cana(8). Guantanamo pf. Gu M &N pt(6). Hacknsk W (1%) Hack W pf(1%). Hack pf A(1%).. Hahn Dept Stor., Hahn D S pf 6% . HamiltonWpf (6) Hanna M A (7).. Hartmn B(1.20) . HavEI Ry pf6). Hayes Body (b8) Helme Geo(17). Hershey Corp... Hershey pf(4).. Hershey pr pf(6) Hoe & Co A..... Hollnd Fu(e2%) Household(14).. Houston Oil...., Howe Sound (4) Hud Man(2%). Hud Man pf (5. Hudson Mot (5. Hupp Mot(12)..; fllinols Cen(7)., 11l Cent pf(6)..., 1nd O & Gas (2). Ind Motor Cycle. Indian Refining. Indian Refg ctfs Indust Rayon Ingersoll R 15 {nllnd Stl (3%). Int Cement(4). . Case Threshg(6) 400 404 399 401 Cavanagh-Dobbs 28% 28% 28l 281 Celotex Co (3)... 6€9% 69% 69 Cen Aguirre(2). 40% 40 40 Cent Alloy(2)... 46 46% 46% Cerro de Pas (6) 984 9T 9% Certain-teed Pro 23 24 23's 24 ‘hes & Ohio(10) 200 200 198l 198% Ches & Ohiorts. 24% 247 24% 24% 92% 92% 16% 16% 16% 17 48 49 3L 31% 49% 50% 55 55 82 Chi & Alton pf.. Cl Gt West pf.. Chi Ml &St P.. Chi1Mil & StP pt ChiStPM&O.. Chi & Nwn (4).. Chicago Pn Tool, 267 36% 36! 364 CRRI&P(7).. 123 123 122 122 CR1&Ppt(6). 100% 100% 100% 100% Chickasha(3)... 42% 42% 42 42 Childs(2.40). b4 bd% 54% Chile Cop (3%).. 98 98% 98% Chrysler Mot (3. 85 81% 831 City I 3. 56% 56% 56% 56% + 103% 103% 103% 108% 23% 23% 22% 22% 60% 60% 60% 60% 128% 128% 128 128 47% 48 47% 48 56l 57 b5% 56% Col Fuel & Iron. 66 66 64 65% Col Gas (2)..... 68% 172 6 71 Col G&E pfA(6) 105% 106% 106% 105% Columbia Graph 69% 71 68% 70% Col Carbon t4%. 1567 161% 157 160 Com Credit (2).. 50 51% &0 51 Com Cilstpf 6% 97% 97 971 97% | ComCristexw. 88 88 88 88 Com Inv Tr(34). 148 148 146 143 Com Inv (war).. 40 40 40 40 Com Solv (h8).. 361 361 352 360 Com Power (t 56% 169% 154 156 Conde Naat(2).. 61 61 61 6 Congoleum-Nair Cong Cgrs (5) .« Cunley Tinfoll. . Censol Cgrs (7). ConClgprpf(6%) Cons Film pf(2). Cemsol Gas (3). bale 98% 82% .60) . City Ice pf(6% City Stores. . Cluett-Peab(b).. Coea-cola (4).... Coca-Cola (3)..e Colilns & Alkmn. 23% 6% 1 28% Y% 1 8414 93 27% 27% 115 116% 118% 115% 9% 99% 99% 59 Consol Textile.. 3% Container A 1.20 Container B 6Uc. Cont Baking A.. Cont Baking B.. Cont Bak pf(8 Contl Can 2%). Contl Can (rts). Contl Insur (2). Contl Mot(8te). Corn Prod (13). 931 9214 Corn Prod pfi7). 141% 141% 141% Coty. Inc (£2) 66 64 €6 Crex Carpet. ... 38 87 3% Qrossley Ra(11). 997% 9815 994 Crown Cork & §. 49 49 49 Cruc:ble Bti(6).. ’v. .'gw I‘S}'/- B:'a 5 Int Com Eng(2). Int Combus(rts) Int Comb pf(7) Int Harv (2%). Int Mtch pf 3.20. Int Mer Liarine. Int Mer Mar pf.. Int Nick,Can 80e Int Papr & Po B, Int Papr & Po C. Int Pa&Po pf(7) Int Prig Ink 2% Int Prtg Ink pf 6 intl Salt(5)..... Intl Silver pf(7) Int Tei & Tel(6). Int Tel&Tel new IntTel&Tel(rts). Inter Dept 8(2).. Intr Dep S pt7.. Intertype(ft134) Island Creek(4). Jewel Tea (15) Jonns-Manv(3).. Jones&Lau pt 7. Jordan Motor. ... Kan City Sou(5) Kan CSo pf(4).. KelseyHayes Kelvinator Corp. Kendall pf (16% Kennecott (4 Kimberly-C 2 Kinney (G R)... Kinney (G R) rts IKinney pf(8).%. Kolster Radio. .. Kraft-Pho(1%4). Kresge (1.60)... Kresge D S pt... Kreuger&T 1.34. Kroger Gro(el). LagoOfl..cveene Lambert Co (8. 1 Lee Tire & Rub. Lehigh PC pf(7) Lehigh Val Coal. Lehn & Fink(3).. Lig Myers(15).. Lig&Myrs B 15. Lig & M pf(7)... Lima Locomt v Link Belt (2.40). Liquid Car 14% . Liquid Car(rts). Loew’s (13). Loft..... Loose- W1l 2.60 Loose-W 18t(7 Loriilard Co. Louis GasA 1. Loutis & Nash (1) LudlumStl(2).. Mac And(12.85). Me Call Corp(4). 88 - McCrory.p2ee). . 1084 A B LB W Frics o 37 90 88 08% 108% e % | McGraw HIll(2) McKeespt Tin P1 McKesson&R(2) McKsn pf A 3% Mack Truck(6).. Macy Co (¢2)... Mad Sq Gar 1%. { Magma Cop (5) Mallison & Co. fanati Suear Mandel(2%). n Elec Suply. Man Elev gtd(7) | Man £1 m22(db) | Maracaibo Ol1 Marland Ofl... s | Mair-Rock (14). Marmon Mot (4). Mathiesn Alkili. Mathieson pf(7) May Dept 8(4).. Maytag (12).... Maytag 1st pf 6. Melvle Shoe 1.40 Meneel (‘o . Met Gold pf 1.80. Vexican Seab. Miami Cop (4). Mid-Cont P(2). Middle States. .. Miller Rubber. Minn & St Loull Mo Kan & Tex. . Mo K&Tex pf(7) Missourt Pacific. MoPacific pf(5).. Mohwk Car 2% .. Mont Ward 23 Moon Motor. . Mother L (40¢).. Motion Pic Corp. Motor Meter A.. Motor Prod(2).. Motor Whi (2).. Mullins pf (7). Munsingwr 1313 Muriay Cotp.... Nash Motors(6). Nat Biscuit (6). Nat Cash Reg 14 Nat Dairy ($3).. Nat Dairy (1%). Nat Dept Stores. Nat Distiliers. .. NatDistirs pf(7) Nat Enamlg (1). Nat Lead(5).... Nat Lead pfA(7) Nat Surety (5). Nat Tea (1%4) Nevada Cop (3). N O Tex&M (7). wport A (3).. Newton Steel(3) NY Air 8r(3)... N ¥ Central(8). N Y C&StL(6). N Y CStL pf(6). NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn. N Y Stm pf(6).. NY Stm st pt 7. Norf & Wn(110) NorAm blv % stk North Am pf(3). NorAm Ed pf(7) No Ger Lld 3.41. Nortn Pac(b Norwalk Tire... Nunnally Co...s 011 Well Supply. Oliver Farm Eq Oliver conv (3 Oliver pf A (6). Omnibus, .... Orpheum pf(8).. Owens Bot new. Pacific Gas (2).. Pac Lightg (3 Of1 Stubs. Packard (13%).. Pan-Amer Pet B 116 )ee 1511 | Park Utah(80c). Ex. . Pathe Ex(A)... 254 | Eatino M (3.89) ' | Peerless Motor. . Penick & Ford.. Penn Dixie Cmt.. 42 | paDix Ctpf(7).. 99% | Penn R R (4)... 102 | penna RR (rts). People’s Gas(8). Pere M prior(5). Pet Milk (13%).. 26 26% 40% | prerce-Arrow. . . $5% | Plerce-Ar pt (6). 01 . 4% | Pierce Petrolm.. Pillsbury (2)... 75% | Pirelll (A) 2.88. 1364 | Pitts & WVa(6). 135 | PortoRicoTobB. 381 | Postal T&C pf 7. 2474 | Postum(3)....0n 45 | Prairie Oli&Gas. 42y | Prairio P L 133, 105 | Pressed Sti Car. 138 | Producers&R pf 87 | Prophylactic t4 42 | Public Serv 2.60 3014 | Pub Serv pf(6). 10% | Pullman Co(4).+ 12 | Punta Aleg Su 93 | PureOil (1%).4 76 |Purity Baking.. % | Radlo Corpn.... 110 Reading 1st(2). Reading 2d(2) 16% | Real S1ik Ho 12 | Reis(R)& Co. Remingtn-Rand. 50 | Rem-Rd 18t(7).. 99% | Rem-Rd 2d(8). 1 76 | Reo Mot (11)... 108 | Republic Brass.. 287% | Rep BraBs A (4) BT% | kep 1 & S(4).... 3% | Reynolds Spngs. 70% | Reynlds (B)2.40. 914 | RhineWE(1.92). 37% | Richfield Oil (2). Rio Gr Oll (k2). Rossla Ins (n) Rossia Ins (rt Royal Bak P(1).. Royal D(a1.336). Bafeway (3) St Jos Leaau13) StL & San Fr(3). StL&SanF pf(8) StL&Southw Savage ATms(3) Seab Alr L pf... Seagrave(e1.20). Sears-Roe(32%) Seneca Copper. « Shattuck FG(2). Shell Un(1.40).. Shubert The(5). Stmmons Co(3).. SimmsPet(1.60). Sinclair O11 12%. Sinclair pf(8)... Sloss-Shef(6) South Cal Ed (2) | Sou Cal Ea(rts). + South Dairies A. 10 Open. 444 1% Skelly O11(2)..e. a 64 | SouRYM&O cfs 4 1 118% | Spalding (1.60 29% | Svang Chaifnr. . 13»' Sparks With(3). 4% | Spen Kellog 1.60 38% | Spicer Mfg..... 132 ISpiegel Co (3).. 9'3 " Stand Com T(1). StAG&E (3%). Std G & B pf(4). 084 Btd O of Ca)(13), .18 ot 44% 7% 524 5919 166% 5% 44 73 52% Received by Private Wire Direct to The Star Office O . Low. Clese. StdOlINI(11%). 59 39 s StdO:INY(1.60). 41's Std Plate Glass.. 6 Std San M(1.68). Stantev Co. - StwartWar(334) Stromberg (3) 1 | Studebaker (35 Submarine Boat. Supertor Oil Superior Ste Sweet of Am(1). Symington Cl A.. Telautogrph(1). Tenn Coppert1). % | Texas Corpn(3). TexasGulfSul(4) Tex&P C&O (b5) Tex Land Trust. Thatcher Mfg... The Fair(2.40).. Third Avenue Thomp J R(3.60) Tidewater AsOfl TIIWASO1IDf(8) TidewatrO(80c) Tide W OIl pf(5) Tim Det Ax 1.80. Timken R B (3). b Prod (1 49). Tob Prod A 1.40. 4! Transcont Oll. .. Trico Prod(2%) TruaxTraer 1.60. Truscon S $1.20., Twin City pf(7). Undwd-E1 F (4). Union Carb(6).. 2 Un Carbide (n Un O11 Cali3). Union Pac(10).. Cn Pacific pf(4) Utd Alr & Trans Utd Air&Tpt(3). Utd Biscuit 1.60. 11a Ciear Stel). United Corpn. Utd Corpn pf(3). Utd Dyewood. Utd Elec Coal... Utd Frult (c4).. 1Itd Paperboard. US Cast Ir P(2). US CIP st 1.20. U S Distributing. U S Distrib pf(7) U S Bxpr U 8 Hoffman(4). 8 Alcohol (8, Leathe Leathr A(4) Lea pr pf(7) Realty (5).. Rubb Kub 18t pf.. Smelt(3%). Smpf(3%).. Steel(7).. Steel pf(7). U S Steel new(7) U S Steel (rts). . U S Tobacco(3).. Uni Leaf Tob(3) Uni Pic 18t pf(8) Univ Pipe & Rad Util P&EL A(e2). u u U U v u U o u u PRRRBR ARG Vanadium (14).. Vick Chem (4) Victor pr pf(7).. Waldorf(1%)... Walworth(1.20) Warner pf(2.20) Warner-Qui(2) Wi bstr-Els pf 7. Wesson Ofl (2).. Wesson O pf (4). W Penn El pf (6) W Penn El pf(1) West P Po(6)... West Vaco (2) 'h White SM pf(4). Wilcox Oil & G.. Wilcox (A) 2%. Wilcox Rich B. . Willys Ov e1.20., Willys-Ovd pf 7, Wilson & Co.... Wilson Co pf A.. Wilson & Co pf. Woolworth (8, Woolworth new. Worthn Pump Wright Aero. ... Wrigey ((13%). Yellow Truck... 45% Yel Tr&Copf.. 941 Young Spgs 1214 64% 66% 64 Youngstu Sh(b). 128 1235 126% 12 Hourly Sales on N. Y. Market. 10:30 am.. 472,800 12m... 1,735,300 1:30 p.m. 2,425,600 2:15 p.m 2,859,500 Dividena rates as give e hdent o, 5 o 1 o stk latest quarterly or half-year.y declarations. PUNE Of trading less than 100 B 65% 634 aquarterly’ In yable 1/10 share auarterly in iear Stores common stock. o Plus NEW YORK, May 16 (#).—Call money, easler; high, 14; low, 8; ruling rate, 14; closing bid, 8; time loans, firm; mixed collateral, 60-90 days, 9; 4-6 months, 8%; prime mercantile pa- per, 53a6. Bankers' acceptances unchanged. POTATO MARKET WEAK. CHICAGO, May 16 (#). . 8. partment of Agriculture.)—Potatoes— Receipts, 140 cars; on track, 71 new, 333 s |0ld: total U. S. shipments, 620 cars; new stock trading only fair, market weak; Alabama, Texas sacked Bliss Tri- umphs, 4.00a4.25; fancy, 4:30: old stock trading very slow, market weak; Wis- consin sacked round whites, 70a85; Minnesota and North Dak sacked round whites, 60a75; Idaho sacked Rus- sets, 1.75a2.00; poor stock, 1.50. DIVIDENDS. Stock of Corporation. Period. Rate. Pavable. Record. Realty Alliance o, s 1 May 2 8 16 June 30 Init . 32 1 May 15 1325 1 May 18 1 June 15 1 June 15 14% June 28" July, June July July Jul e o “pia i Fifth Ave Bus Se- utidles ‘Corp all, Lamp. Pt 2'A June 15 May 3! % June 15 May 31 June 10 June 14 4 June 15 June June 15 June 1 June 1 May 20 June 1 May 20 July 1 June 20 June 20 June 15 o Heburt' Nty ‘o, Interstate Tron & xefl]l!ll clfl'l pid. . ey Fiayes Wheel . Ussour, Karisss ‘exa; pld.. N._Y. & London Management Co. Ltd _ pfe Nagl Public lass A, June 30 June 15 June.30 June 15 10 May 20 June 1 May 20 June 29 May 31 June 29 May 31 July 15 June 15 July 15 June 15 June 15 May 25 June 15 May 25 July 1 June 7 July 1 June 8 June 1 May 31 s Inc. Prairie Pipe Sinclair Cons’ Ol Corp 2 do . ? Stand Oil ot N J do . e Uaited Corp $3 cum _pfd...... Vesta Battery Co STOCKS IN RALLY AS CREDIT EASES Markgt Reverses Early| Downward Trend When Money Rate Drops. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, May 16.—Convulsive price movements characterized today's stock market, which opened irregular, turned weak before the end of the first hour, rallied briskly in the early after- noon and then turned irregular again at the close. The closing was steady, with the active issues showing about an even distribution of gains and losses and the weakness of a few high-priced industrial _specialties offset by the strength of a number of public utility, business appliance, automobile accessory and tobacco shares. Fears of an increase in the New York Federal Reserve rediscount rate, which accounted for some of the early selling, again proved to be unfounded, as the rate was announced as unchanged at z ?er cent after the close of the mar- et. Violent gyrations in call money ac- counted for much of the market's unsettlement. The renewal rate of 14 per cent scarcely had been posted be- fore bankers were offering funds on the outside below that figure. The rate dropped successively to 12, 10 and 8, per cent as the supply of funds attracted by the high opening rate in- creased in volume. The wide fluctuations in money rates aroused widespread ecriticism among brokers and stock traders, who were at a loss to understand why 14 per cent should be charged on loans at 10:30 am. and then have funds go begging less than two hours later at 10 per cent. Price movements were mixed at the opening. Packard Motors opened with a block of 10,000 shares at 149, off 15, and Crosley Radio, International Com- bustion and Granby Copper dropped a point or more. Burroughs Adding Ma- chine jumped 73 points on the first sale, and Frank G. Shattuck crossed 153 to a new high record. Hayes Body opened with a block of 8,000 shares at 65, up 1. Packard, which had a sharp rise yesterday on buying influenced by the successful flight of an airplane equip- ped with its new Diesel oil-burning motor, extended its loss to 2, points in the first hour. United Corporation, which sold as high as 75! last Satur- day, fell back to 66, duplicating the low price since it was listed on the “big board.” Grant Stores quickly broke 5 points, National Cash Register 312, Wright and McCall Corporation 215 each, General Electric 2 and American Can, Nash, Simmons, West- inghouse Electric, American Power & Light and Fox dropped a point or more. Plan Fair Buildings. FREDERICK, Md.,, May 16 (Special). —Erection of a new pouitry house and stables and extension of the grandstand to accommodate 1,000 more persons is planned by the board of managers of the Frederick County Agricultural As- sociation for the annual fair, which will be held in this city October 15-18, in- clusive. The county fair is one of the leading farm exhibits of Western Mary- land. and annually shows to nearly 100,000 persons. . Metal Demand Quiet. NEW YORK, May 16 (#).—Engineer- ing and Mining Journal reports that the demand for non-ferrous metals con- tinues exceedingly quiet, with a pro- gmmced trend toward hand-to-mouth uying Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and Commission Rates 643 Louisiana A Money to Loan Secured by first d Frevating interst. snd” commiraion»t* Joseph 1. Weller ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. Meoney Loaned to Members on Easy Monthly Payments James E. Connelly James F. Shea President Secretary Consult Us First If you need money for your Real Estate financing let us have your application today. Prompt Service No Appraisal Fee The Commercial National (l]ompany Patd wp ERSR"Caniial $000.000 HAWKINS NASH onveniently Located on 14th Street” 1529 14th St. NW. Dec. 3320 The Commercial National Bank Pays interest on DAILY BAL- ANCES on Savings Accounts. Interest starts from DAY of deposit and is earned to DAY of withdrawal. Come in and let us explain. Resources Over $19,000,000 14th & G Streets 18pecial stock R. GOLDEN DONALDSON, President "FINANCIALS F. B. KEECH'& COMPANY Members of New York Stock Ex New York Cu: New York Cocoa 1n. o Rubber Exchange of N. Y. Inc. New York Coffee & Sugar Exchange, Inc. Chicago Board of Trade o OB e Orl C e Winnipes Grain Exchange Exchange Associate Members of Liverpool Cotton Exchange, Ltd. Copper and Tin Future Contracts '~ now being traded in on the National Metal Exchange, Inc. New York, N. Y. ‘We Maintain C H Cor. 17th St., NW., Washington New York Philadelphia Bremen Cotten Excha: ; rent Quotations and Solicit your Orders Providence A SAFE YIELD OF 6% with First Mortgage Security that is Surety Guaranieed IRST National Bonds, now offered to yield 6%, are secured, dollar for dollar, by real estate first mortgages that have aSurety Company Guarantee of principal and interest. They have behind them, also, the full responsibility of The First National Company; of Baltimore, Md.; with resources of more than $9,000,000. For further facts, ask for Circular *O”. INTERNATIONAL BANK Securities Department 16 Jackson Place Main 864 Polynesian Shiris are made from tapa—the bark of the paper mulberry tree. A Polynesian without a shirt is no rare sight—but a Polynesian who can’t find a shirt is unknown. In America a man’s welfare is not based on an unfailing bounty from nature; he depends more on his own forethought. An American “without a shirt to his back” is not unheard of—but he’s rare, for more and more people are getting the idea that a savings fund started in times of prosperity will carry them through the lean years. A portion of your salary, invested regularly in the 6% First Mortgage Notes offered through Swartzell, Rheem & Hensey Company, will give you financial security through good times and bad—guaranteed by our record of over SIXTY YEARS WITH- OUT LOSS TO AN INVESTOR. SWARTZELL, RHEEM & HENSEY CO MORTGAGE BANKERS 727 15 STREET N.w./ WASHINGTON D.C. / The NEW HOME LIFE PREFERRED AN UNUSUAL POLICY THAT NO SHREWD BUSINESS MAN WILL OVERLOOK Every shrewd business man who can qualify will profit by this announcement. A new and unusual Preferred Whole Life Insurance Policy has just been put on the market by the Home Life Insurance Company of New York. It represents the most advanced step in life under- writing. Already it has aroused intense interest wherever it has been “introduced. 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