Evening Star Newspaper, June 12, 1929, Page 10

FINANCIAL. BANKERS PRESENT BADGES IN TRIBUTE Past Presidents of Associa- tion Honored at Weekly Luncheon. BY EWDARD C. STONE. Past presidents of the District of Columbia Bankers' Association were | honored at the weekly meeting of the luncheon group today at the Willard when trey were presented with handsome gold badges, the insignia being in recogni- tion of their valued service to the as- Stock and Dividend Rate. Abraham & Straus. 2 112 106 Abraham & St pf (7) 10s 96 85 Adams Exppf (6)... 1 104% 27 Advance Rumley.... 2 40% Advance Rumley pf. 1 2 Ahumada Lead...... 14 95% Afr Reduction (13).. 129 37% Alrway Elec (2%)... 19 4% Ajax Rubber....... 4% Alaska Juneau. 12 Albany P W Paper.. 27% Alleghany Corp. . 99% Alleghany Cpf (53) 5 100% 100% Alleg’y pf wi (53%).. 11 105 86 Alliance Realty({13)110s 305% 241 Allied Ch & Dye (6). 18 125 120% Allled C&Dpf(7).. 1 212 166 Allis-Chalm Mf (7).. 34 11% 65 Amal Leather.. 1 22% Amerada Corp (2) 40% Am Agricui Ch pf 40% Am Bosch Magneto. . 45 AmBrS&F (h1.60). 15% Am-Brown Bov Elec. 49% Am Brown Bov pf7. gh. Low. 159% 101 106 108 sociation. The baiges were presented by Presi- dent Robert V. McKee, George E. Fleming, W. T. Galliher, John Poole, Corcoran Thom, M. D. Ros- enberg, Robert N Harper, VICtor B. Frank Stetson. Deyber, Francis G. ‘Addison, jr.; Howard Moran and W. W. i Spaid. Thc insignia for Robert V. Fleming, the association’s present leader, was presented by W. W. Spald, last ar’s president. After presentation of the insignia, Wilmer J. Waller, vice president, made brief remarks lauding the splendid serv- ice rendered the association by Presi- dent Fleming, nresenting him with a handsomely framed set of engrossed resolutions conveying full appreciation ©of members for his efforts. The highly commendatory words of praise and gratitude were signed by 30 members of the luncheon group. The attendance at the luncheon wn: elose to a record. It 'was memorable as |the last meeting of the kind under the present administration which goes out |of office at next week’s convention. Vice | President Waller and Secretary E. J. i McQuade acted as a special committee on_the insignia. Other past presidents entitled to the insignia, who on account of iliness, busi- ness engagements or for other reasons were unable to be present to receive the gifts in person. included Charles J. Bell, John Joy Edson, Clarence F. Norment, Edward J. Stellwagen, George W. White, B. F. Saul, John B. Larner and Joshu- Evans, Jr. Stetson Aids With Entertainment. The special committee planning the entertaiument for the District of Co- lumbia Dankers' Assoclation has prac- “tically finished its work, according to Chairman Thomas W. Brahany. Be- 1cause of the exceptional liberality of Carl Fisher, head of the Montauk de- velopment, the entertainment furnished this year is likely to be the most elabo- rate that the local bankers have ever enjoyed. | Prank Stetson, trust officer of the INational Savings & Trust Co., is vice chairman of this committee and has co-operated to the fullest extent in the advance arrangements. The other mem- bers of the committee are Francis G. Adcison, jr.; F. W. McKenzie, Archi- bold McLachlen, E. J. McQuade and Luther E. Schreiner. ‘Washington Gas Market Leader. The most interesting sale on the Washington Stock Exchange today was 2 100-share block of Washington yGas which changed hands at 124, off a point “rom yesterday's price for much smaller lots. This big sale was fol- lowed by 17 more shares going at the same figure. The market closed with 123% bid and 1247 asked. _“There were seven small-lot sales in ‘Mergenthaler L!nobype the stock open- ing at 95, selling off fractionally and closing again up to 95. Capital Trac- tion closed higher thany yesberdny. selling at 94 after opening at 937 Railway & Electric preferred moved lt 9515, Potomac Power 6 per cent pre- ferrzd at 115, Peoples Drug Stores pre- kxgEd at 114 and Security Storage at Liberty National Bank sold at 240 and Merchants’ Bank & Trust Co. at 150%,. The trading in bonds was con- fined to Potomac Electric Consolidated 55, Washington Gas 5s and series B s, all being in fair demand around recent quotations. J. C. Jost Again Heads Bank. John C. Jost was re-elected president of the East Washington Savings Bank at the organization meeting late yester- day. Other officers re-elected included Samuel H. Walker, first vice president; Lewis Flemer, second vice president: Charles A. McCarthy, secretary and treasurer. Francis J. Kane took his place as a new trustee, succeeding the late Francis R. Waller. The recently re-elected trustees are John C. W. Beall, James A. Donchoe. Grantz E. Dunkum, Mr. Flemer, John Ford, W. P. C. Hazen, Michael A. Lynch, Mr. McCarthy, Mr. McKee, Mr. Marlow, William N, Payne, 45 Mr. Walker. John C. Weeden and | Mr. Yost. Kt yesterday's meeting the trustees | declared the semi-annual dividend of 7 per cent and an extra dividend of 1 per cent. Two Other Dividends Declared. The directors of the Federal Storage ‘Co. have declared the regular quarter- 1y dividend of $2 per share on the pre- ferred stock. It is payable July 15 to stockholders of record at the close of Jusiness June 29, according to an- ‘nouncement by President E. K. Morris. At the meeting of the board of di- rectors of the Continental Trust Co. held today, the regular quarterly divi- dend of 174 per cent was declared pay- able June 29 to share holders of record at the close of business June 24. A. L B. Convention Opens. A dispatch from Frank M. Perley, vice president of Washington Chater, A. I. B. states that the Tulsa_ convention opened yesterday with 1,700 delegates present. ~ James A. Soper nominated T. Hunton Leith for a place on the na- tional executive council and the Wash- ington delegates are hustling for his election. The session yesterday was addressed by President Totten, Vice President Evans and former Senator Thomas P. Gore. Eight departmental conferences were started and are to be continued today and tomorrow for discussion of audits and accounting, bank adminis- tration, business development and ad- vertising, checks and collections, credits, investments, savings banking and trust tions. Finals in the national pub- ice-speaking contest were held last night. Other Financial Notes. ‘Thomas W. Martin, president, and Logan Martin, general counsel of Ala- bama Power Co., and Edwin F. Ladd, president of Merchants' National Bank of Mobile, have been called by Federal ‘Trade Commission to testify in its util- ity inquiry. It is understood the com- mission wished to inquire concerning ownership of Southern newspapers. Robert W. Stewart of Chicago, de- posed chawrman of the board of the Slzmdard 0il Co. of Indiana, today gave £200,000 to Coe College, his alma mater, £0 erect a library as a memorial to his ‘parents, who settied in Cedar Rapids when it was a frontier village. ‘The Maryland Cash Credit Corpora- tion has announced an extra dividend of 15 cents a share on the preferred, also the regular quarterly payment of 15 cents a share, . PARIS BOURSE PRICES. PARIS, June 12 (#).—Price changes were irregular on the Bourse today. Three per cent rentes, 74 francs 30 cen- times. Five per cent loan, 100 francs 75 centimes. Exchange on London, 124 francs 6 ccntimes. The dollar ~was !~guotcd at 25 franes 69% contimes, 151% 107% Am Can (t4) 92 Am Car & Fd, 43% Am Com Alc (k1 76% Am & For Power. 88 Am & For Pw 2d p. 24% Am Hawailan (1). 6% Am Hide & Leathe: 30% Am Hide & Lea pf. 38 AmIce (13).. 89% Am Ice pf (6). 521 Am Internat (12). 415 Am La F & Foam. 60 AmLF & Foam pf.. 125 102% Am Locomotive (8).. 188% 147% Am Mch & Fdy (4).. 81% 50 Am Metal (3)....... 98% 67 Am NatGaspf (7).. 17% 5% Am Piano. 1 55 30 Am Piano pf .2408 123% 81% Am Pow & Lt (f1)... 126 103 98% AMP&LEDPL(S).... 1 52% 40% AmRad&SS (1%). 35 188 129% Am Ry Express (6). 64% 48% Am Republics. . 121% 106% Am Roll Mill (c2). .. 74% 62 Am Safety Raz (t5) 41% 32% Am Seating (3) '] 94 82 Am Shipbuilding (8) 10s 124% 93% Am Sm & Ref (4). 56 79% 56 Am Steel Fdy (3). 66 Am Stores (2). 238% 193% Am Tel & Tel (9). 18615 160 Am Tobacco (8) 188 160% Am Tobacco B (8 121% 117 Am Tobacco pf (6).. 127% 67% Am Water Wks (c1). % 18 Am Woolen. . 43% Am Woolen pf . 9 Am Writ Paper ctfs. 39% Am Writ Papr pf (3) 24% Am Zinc Ld&Sm. ... 99 Anaconda Copper. 65 Anaconda W&C (3).. 44 Anchor Cap (2.40)... 108 Anchor Cap pf (6%). 44% Andes Copper (3). 85% Armour Del pt (7) 10% Armour 111 (A). 5% Armour 111 (B). 27 ArtMetal (1%)..... 49% Asso ApplInd (4)... 43 AssoDry G (2%). ATV, 40% Asso Oil (2). 226% 195% Atch T & § Fe (10). . 103% 99 Atch T&SF pf (5). 191% 169 Atl Coast Line (1 66% 324 AtlG & W Indies 71% 681 Atl Refining (f1%).. 106% 100 Atlas Powdr pt(s) . 10: 15% 10% Atlas Tack. 1 20s Austin Nichols pf... 85% 22% Autosales..... 43% 36% Autosales pf (3) 125 114% Baldwin Loco pf (7). 40s 133 115% Balto & Ohio (§).... 381 80% 76 Balto & Ohio pf (4).. 110% 106% Bamberger pf (6%). 75% 641 Bang & Aroos (3%). 49% 38Y% Barnsdall (2). E 113% 87 Bayuk Cigar (2 106% 100 Bayuk istpf (7) 281 20 BeaconOil.... 101 73 Beech-Nut Pacl 17% 11% Belding-Heminway.. 847% 81 Belg N Ry ptf (16). 93% 78 Bendix Aviation (2). 93% 75% Best & Co(3) 118% 82% Bethlehem Steel (4). 123 116% Bethlehem St pf (7). 61% 42% Bloomingdale Bros.. 118 97 Blumenthal pf (7)... 136% 110% Bohn Al &Brass(t4). 89% 78% Bon Ami A (15). 11% 6 Booth Fisheries. 98 831 Borden Co (3). 143% 107 Borg Warner (34). 109% 85 Boston & Maine. 63% 304 Briggs Mfg. .. 6% 3% Brit Em Steel. 73% - 42% Brockway M T (3) 81% 60% Bklyn-Manhat (4)... 200% 170 Bklyn Union Gas (5) 47 38% Brown Shoe (2% 55% 38% Bruns-Balk-Col(3) 441 18 Bruns Ter & Ry S. 42% 25% Bucyrus Erfe (1).... 50 38% Bueyruscvpf (23%). 5315 46 Bullard Co (1.60).... 329% 234 Burr Add Mch (15).. 89% 56% Bush Term (g2)..... 118% 110 Bush T Bldg pf (7).. 9% 4% Butte Copper & Zinc. 41 28 . ButterickCo........ 14 192% 122% Byers (A M). . 48 ey 81% 72% Calif Packing (4)... 10 76% 4 1% CallahanZinc&L... 6 1% 135 124% Calumet & Ariz (10). 1 128% 61% 36% Calumet & Hecla(4). 6 42 89% 78 Canada Dry (t4%).. 116 88% 265% 218 Canadian Pac (10)... 32 223% 481 38 Cannon Mills (2.80). 5 38 42% 22% Cavanagh-Dobbs. 79% 52 Celotex (3). 93% 87 Celotex pf (7). 48% 30 Central Aguirre (2). 52% 40% Cent Alloy Steel (2). 23 112% 105% Cent Alloy Stpf(7).. 10- 110% 120 88% Cerro de Pasco (6).. 28% 16 Certain-teed Prod. .. 230 195 Ches & Ohlo (10).... 8% Chesapeake Corp (3) 11% Chi & Alton.... 12% Chi Great Western 38 ChiGreat Westn p 27% Chi MStP&P.. 46% Chi MStP &P pf. 80% Chi&N W (4) 28% Chi Pneu Tool 5 6% 48% Chl Pneu T pf (3%).. 139% 115 Chi R14& Pac (7). 108% 105% Chi R 1& Pac pf (7). 607 44% Childs Co (2.40) 127% 71% Chile Copper (3 135 66 Chrysler Corp (3) 27 20% City Stores (1). 72% 56 Cluett Peabody ( 119 107% Cluett-Pea pf (7) 140 120% Coca-Cola (4). 50 47% Coca-Cola A (3 724 48 Collins & Atkman. . 78% 56 Colo Fuel & Iron 79% 53% Columbia G&E (2).. 108 103% Colum G&E pf A (6). 88% 64% Colum Graph (29.1c) 126 1674 1213% Colum Carbon (14%) 31 62% 43 ComCredit (2)...... 95% Com Crd 1st pf(6%). 770. 24 Com Credit pf (1% ).240s 195 131% Com Inv Trust (t4).. 4 410 225% Com Solvents (h8).. 16 218% 107% Comwealth Pw (14). 178 36% 19% Congoleum-Nairn... 24 71, CongressCigar 5).. 1 77% Consol Cigar (7). 84 conwlclnrpnlunoo- 26 Consol Film In pf(2) 95% Consol Gas (3)..... 98% Conso! Gas pt (5) 2% Consol Textile. . 12 Container Corp A. 6 Container Corp B. 47T% Contl Baking A. 8% Contl Baking 8815 Contl Baking pf 60 Contl Can (2%) 79 Contl Insurance 17% Contl Motors (80c) 01% 82 Corn Prod (13). 144% 141% Corn Prod pf (7). 82% 51 Coty Inc (82).. 86% Crosley Radio (11). 85 Crucible Steel (5) 1% Cuba Cane Sugar.... 5% Cuba Cane Bugar pf. 11% Cuba Co.. 60 Cuba RRBf (6). 11 Cuban-Amer Sugar 61 Cuban-Am Sug pf 4 Cuban Dom Sugar. .. 49% Cudahy Packing (4).. 136% Curtiss Aero (1). 58%- Cutler-Ham (3%) 63 Cuyamel Fruis - afonanReanaa 42% Davison Chem. . 116 Deere & Co pf ees 182 Delaware & Hud (9). 120% Del Lack & W (17). 56% Denv& R G W pf. 224 Detroit Edison (8). Devne & Ty A (13). .21 45 TMaich (%), 1708 144 Bales— Add 00. High. Low. % 50% 155% 14 47% 708 120% 1 190% 1 120% 2 66% 2 2674 267 267 Prev. Close. Close. 106 101 108 106 86% 864 35% 85% 55 56 2 2% 2 4 142% 139% 43 42% 5% 6 6% 6% 17 16 33% 33% 100% 101% 100% 100% 105 100 285 121% 121% 210% 20; 105 108 Ve Y% 125% 124% 155 156 56% 57 4% 8% 30 34% 82 98% 63% T0% 207 2074 169% 169% 170% 170% 114% 116% 114% 114% 116% 117% 179% 177% 4 39% 288% | 5’ 115% 116% 5 5 344 34 134% 131% % 4% 1% 2 128% 129% 110% 110% 94% 95% 26 26% 213% 214% 107% 107% 132% 132% 4T% 48% 50% 50 58 5% 20% 73 82 81% 84 86% 25% 26% 113% 113% 21% 73 50% 51% 167% 164% 59% 59% 61 83 83 82 46 46 46 120% 120% 120% 190% 198% 189% 120% 120% 120% 66 66 654 265% 44 44% 45 143 144 144 Dome Mi Dominion Store: Drug Inc (4). Dunhill Inter Du Pont de N(N% Du Pont de (6) 7116 Eastman Kod (18).. Eaton Axle &S (3).. Eitingon-Sch (2%).. Eitingon pf (6%) El Auto-Lite (14%) El Auto-Lite pf (7) Electric Boat. . El Pwr & Lt (1) 210 ELPwr & Lt ptf (7)., Elec Stor Bat (5). Emmerson-Brnt A. Endicott-John (5) . Eng Pub Serve (11). Eng Pub Sve pf(5%) Equitable BIg(2%). ErfeR R Erfe R R 1st pf. Erfe R R 2d pf. Eureka Vac Cl (4). Evans Auto L(323%). F. 3 170% 11 60% 6 28% 3 97 . 204 158% 10s 113 Fairbanks Co pf. 4 Fairbanks Morse (3) Fash Pk Asso(k2%). . Fash Pk Asso pf (7). Fed Lt & Tre (11%). Fed M &S pf (7). Fed Motor Tr (80c) Fid Phen F Ins (2). Filene's pf (6%). First Nat Stores 1% . Fisk Rubber.... Fleischmann (3%). Florsheim pf (6). Foundatlon Co. 80% Fox Film A (4). Frank Simon pf (7). Freeport-Texas (4). Fuller pr pf (18.68).. 7 84 80s 104% 9 4b% 1 102 Gabriel Snub A. Gardner Motor Gen Am Tnk Ca: Gen Asphalt Gen Bronze (2) . Gen Cable A (4) - Gen Clgar (4). Gen Electric (16).. . Gen Elec spec (60c). Gen G&EIA (1%).. Gen G & Bl pt B (7). Gen Mills (3). Gen Motors (13.30).. Gen Motors pf (7). Gen Outd Ad vte (3). Gen Ry Signal (5)... Gen Refrac (13%).. Gillette Safety R (5) Glidden Co (11%)... Gobel (Adolf)...... Gold Dust (234) Goodrich BF (4) Goodrich pt (7) Goodyear Tire ( Gotham SIlk H (2%) . Gotham pf ex w (7) Graham-Paige. .. Granby Consol (7). Grand Stor pt (6%). Granite City St1(3).. Grant W T (1). Grt North pf (5). Grt North pfet (5).. 3 Grt Nor Ore (al%).. 19 Grt West Sug (2.80). 19 Grt West Sug pf (7).100s Greene Can Cop (8). 11 Gulf Sta Steel (4)... 2 56‘/. 16 3 Hackensack W (1%) 80s Hahn Dept Stores... 374 Hahn Dept S pf(6%) 15 Hanna (M A) 1st(7).190s Harbison Walk (2). Hartman A (2) Hartman B (1. Hawalian Pine (2). Hayes Bdy (b8 %stk Helme (G W) (17).. Hershey Chocolate. . Hershey Choc pf (4). Hershey Ch pr pf(6). Hoe (R) & Co. ... Homestake Min (17). ¢ Houd Hersh B (1%). 15 Houston Oil........ 1 Howe Sound (4)..... 33 Hudson & Man (2%). 1 Hudson Motor (5) 18 Hupp Motor (£2). 1 Tllinols Central (7). 1llinofs Cent pf (6 Illinois Cnt s In (4). 308 Independ OI &G (2) 16 Indian Refining..... 130 Indian Refining cf 128 Industrial Rayon. Ingersol Rand (5%). Inland Stepl (3% ) Inspiration (4). Interboro Rap Tran. Intercontinental Rub Intl Business M (5). Intl Cement (4)..... Intl Comb Eng (2)... 6 Intl Cmb Eng pf (7). Intl Harvester (2%). z-fi 3 5 93% 6% 82" 39% 152 "1321% 145% 133% 6 137% Intl Match pf (3.20). Intl Mer Marine. .... Intl Mer Marine pf. . Intl Nickel Can (80c) Intl Pap & P A(2.40). Intl Pap & Pwr B.. intl Pap & Pwr Intl Pap & Pr pf ( Intl Print Ink (2%) Intl Rys Cent Am Intl Tel & Tel new. Inter Dept St (2). Intertype (ft1%) Island Creek Coal (4) J- Jewel Tea (16%).... Johns-Manville (3).. 18 169 Johns-Manv pf (7).. 70s 122% Jones & Laugh pf(7) 40s 121% Jordan Motor Car. .. 6% K- i Kan City Sou (5). Kelly-Sprlnl Tire Kelsey Hayes (2) Kelvinator Corp Kennecott (5).. Kinney (G R) (1) Kolster Radlo. . Kraft Ph Ch (1%). Kresge $ 8 (1.60) Kresge SS pf (7). Kreuger & Tol(1.34). Kroger Gr & Bk (c1). 208 13 12 Lago Oil & Trans Lambert Co (8) Leh Port Cem (. Lehigh Valley Coal Leh Val Coal pt (3) Lehn & Fink (3). Liggett & My (15)... Liggett & My B (15). Lima Locomotive. .. Liq Carbonic (t4%). Loew's ptx w (6%). LoftInc.. Loose-Wiles (2.60) Lorillard (P) Co.... Lorillard (P) pt (7). Loulsiana Oil....... LouG&EIA (1%) Louis & Nash (7) Ludlum Steel (2) Ludlum Stipt (6%). 1 109% McCall Corp (4) McKes & Rb pf (. Mack Trucks (6) . Madison 8q G (1% Magma Copper (5) . Man Elev mod (d5) Man Shirt (2) Marland Oil. . Marlin-Rockw (14).. Marmon Motor (4). Mart! Mathi Maytag Co (12) Maytag Co pf (3) Mengel Co. Mexican Seaboard. Miami Copper (4)... Mid-Continent P (2). Middle Sta Middle Sta Midland Stl pf (112). Miller Rubber....... 1 MStP&SSMI1(4). XDI Missouri Pacific. Missourl Pac pf (5).. Mohawk Mills (2%). Mont Ward (2%) 1 Mother Lode (40c) . 50% \lunllnlwur ("\i ). 1124 354 81% 29% 186% 54% 391 39 142% 142% 88% 89% 108's 103 % 69 96% 17% 67% 35% 30 345 46% 46% 112% 112% 36'% 81% 81% 36 29 rxw. 187% b4y 24% 42% 18 104 Stock and * Dividend Rate. Murray Corp (a3) Sales— Nash Motors (6).... Nash Chat & St L(7) . 501 Natl Acme-(1 Natl Air Tran Natl Bella Hess($ Natl Biscuit (6)..... Natl Biscult pf (7) Natl Cash Reg (t4).. Natl Dept St 1st (7). Natl Distillers 15! Natl Distillers pf(7). 296 Natl En & Stamp (1). 1 Natl Lead pf A (7).. 30s Natl Pwr & Lt (1). Natl Radiator. Natl Radiator pf. Natl Rys Mex 2d pf.. Natl Surety (5). Natl Tea (1%) Nevada Copper (3) Newport Co A (3). Newton Steel (3) N Y Air Brake (3). N Y Central (8). # N Y Chi &St L (6) N Y Dock N Y Ont & West. N Y Steam pf (6) Norfolk South (2 Norfolk & Wst (110) . North Am(b10%stk) North Am Ed pf (6). No Ger Lloyd (3.41). Northern Pac (5). North Pac ct (5). Norwalk Tire & Rb Oil Well Supply. ... 4 Oliver Farm Equip. Oliv Fr Eq ev pt(3) .+ Oliv Fr Eqpf A (6).. Omnibus Corp. .. Otis Elevator (6).... Otis Elev pf (6). Otis Steel . Owens 111 Glass (;.). Pacific Gas & E (2).. Pacific Lighting (3 4 Pacific Mills. Pacific Ol stubs. Packard Motor (15). Pan-Am Pete B.... Paramount-F-L (3) Park & Tilford (13). Park Utah (80¢)..... Pathe Exchange..... Pathe Exchange A. .. Patino Mines (3.89). Peerless Motor Car.. Penick & Ford. .. Penick & Ford pf(7). Penn Dixle Cement. . Pennsylvania RR(4) People’s Gas Chi (8) . Pet Milk (13%). Phelps Dodge (3) Phila Co (17).. Phila & Read C & I Thilip Morris (1).... Phillips Pete (1%).. Plerce-Arrow A. Plerce Ofl. : Plerce Oil Il . Plerce Petrol: Pirelli Co A (2 88). Pittsburgh Coal. Pittsburgh Coal p Pitts & W Va (6). ... P Rican Am To (A)7 P Rican Am To (B). Postal Tel & C pt(7). Postum Co (3).. Prairie Oil & Gas Prairfe Pipe L (14) Pressed Stedl Car. Prod & Refiners. Prod & Refiners pf Pub Sve NI (2.60)... Pub Sve NJ pf (6)... Pub Sve E&G pf(6Y.. Pullman Corp (4). 4 Pure Oil (13%). Pure Oil pf (8)...... Purity Bakeries (3). 10 Radio Corp. Radio pf B (5). Radio-Keith-Orph A, R R Sec 1C stk C(4). Teal Silk Hosfery . Reis (R) & Co. Remington-Rand Reo Motor Car 11.60. Rep Brass Corp. . Rep Iron & Stl (4). Reynolds Spring. Reynolds Tb B( Richfield Ofl (2). ... Rio Grande Oil (k2). Rossla Ins (2.20) ...+ Royal Bak Pwdr (1), Royal Bak P pt (6). . Royal Dutch(al.336) 154% 93 102 62 109% 5 92U Safeway Strs (3) Safeway pf (6) Safeway pf (7) g St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pf (6) St L Southwn pf (5). Savage Arms (2).. Schulte Retail Strs Seaboard Air Line pf Sears Roebck (12%). Seneca Copper...... Sharon 8tl Hoop u) Shattuck F @ (2) Shell Union (1.40). Shubert Theater (5). Simmons Co (3) . Skelly Oil (2) Sloss-Sheffiel Snider Packing Snider Packing pf. 8o Por Ric Sug 12% So Por Ric Sug (8).. 10s Southern Cal Ed (2). 16 Southern Dairfes A.. 4 Southern Dairies B.. 4 Southern Pacific (6). 14 Southern Rwy (8)... 2 Southern Ry pf(5) 2 SouRyMé&Oct (4). 3 Spang-Chalfant. .. 1 Sparks \Vllhlnkttl) 5 Sparks Withing new. 15 Add 00. High. Low. Close. Close. 105 94% 93 99 «. 108 123% 11 39% 1 81% 8 95% 6\% 50\9 Stock and Dividend Rate. fales— )Auou 7% Spiegel-May-St (3). 18 Stand Com Tob (1).. 1 80% Stand Gas & El (3%) 558 62% Stand G & E pf (4).. 3 64 Stand Ofl Calif (13). 81 48 Stand OIIN J (12)... 129 38 Stand OIIN Y (1.60). 56 4% Stand Plate Glass... 1 65 Stew-Warner (3%). 52% Stromberg (3). . 78% Studebaker (15) 4% 2% Submarine Boat. . 105'% 100 Sun Ol pf (6). 12 7 Superior Ofl. 73% 34 Superior Steel..... 22% 181 Sweets of Amer (1) 19% 12% Symington A. g 20% 6815 85% 23% 16 Tenn Cop &Ch (1).. 57% Texas Corp (3)..... 70% Tex Gulf Sul (4) 16 Texas P C & Oil (b5) 13% Texas Pac Lnd Tr... 16% Thatcher Mfg. _34% The Fair (2.40 13% Third Avenue. 17% Tide Water As: 85% Tide Wat Asso pf(6) 27% Tide Water Oil(80c). 23 Timken Dt Ax(80c) 73% Timken Roller (3)... 141% Tobacco Pr (1.40). .. 18 Tobacco PrA (1.40). 14 Tobacco Pr A ct 9 . Transcontinental. 38% Trico Prod (2%). 95 Twin City R T pf(7) 91 Undérw-El-Fish(4). 18 4 125 Underw-EI-Fs pf(7).320s 24 Union Bag & Paper.. 40 75% Union Carbide(2.60). 426 46 Union Oil Calif (2).. 5 209 Union Pacific (10)... 25 81% Union Pacific pf (4). 2 121% Union Tank Car(s).. 2 78% Utd Aircraft&Trans. 14 18 _ Utd Cigar Stores(1). 58% Utd Corporation 45 Utd Corp pf (3). 30 United El Coal (. 111% Utd Fruit (c4) 14% Utd Paperboard. . 27 U SCastIrn Pip (2). 16% U S Cst 1P 1st(1.20) 12% U S Distributing. ... 71% U S Distribpt (7)... 30 U S Hoffman (4).... 128 USInd Alco (6).... 19% U S Leather...... 38 USLeather A (4).. 81 U S Realty (5) 42 U S Rubber... 78 U S Rubber 1st pf ¥ 48 USSmelt Ref 3%) 11 167% U S Steel (7). 263 140 U S Steel pt (7). 71% Univ Leaf Tob (3)... 46 8414 Univ Plct 15t pf(8) .. 108 10% Univ Pipe & Rud. 35 UtIPwr&LtA (:{2: P 61 Vadsco Sale: 69 Vadsco Sales pf 68 Vanadium (14). 60 Van Raalte 1st pf. 110 Vietor Talk pr pf(1). 9% Virginia-Car Chem. . 50 Vulcan Detinning... 90s 60 Wabash. 224 Waldort Systm (1%) 10 23% Walworth (1.20).... 43 Ward Baking A..... 8% Ward Baking B. 71 Ward Baking pf (7). 97 Warner Bros Pict 44 Warn Br P pf(2.20). 54% Warner Bros Plc (n) 28% Warner-Quinian (2). 139 Warren Bros (15)... 37 Wess Oil & Snow(2). 20 63% WessO&Snpf (4).. 17 941% West Penn El pf (6). 10s 103 West Penn El pf (7). 20s 113 West Penn Pw pf (7) 20s 224 Westn Dairy (B).... 32 Western Maryland. . 32 Western Pacific..... 179% Western Union (8).. 48Y% Westngh Air Brk(2). 137% Westngh BI&M (4).. 22 Weston El Instru. .. 49% Westvaco Chlor (2). 30% White Eagle Ofl (2). 38 White Motor (1).... ‘White Rock M S (3). 12 White Sewing Mach. wv. 19% _Wilcox Ol & Gas. 61% 37 “Wilcox Rich(A)2% 35 20% Willys-Over (c1.20) 108 96 Willys-Over pf (7). 282% 192% Woolworth Co (6).. 941 85 Woolworth (new) 6415 43 Worthington Pump. 143'/. 109 Wright Aero (2).... 80% 70 Wrigley W (ct3% 4 124% 80% 79% 30% 77 % 9 28% 78% 61% Yale & Towne (4) 51% B84% Yellow Truck&C... 69% 52% Young Sp&W (123%). 133% 105 Young Sheet & T (5) RIGHTS EXPIRE % % Alleg Corp...June 17 6% 3 AmTel&T..July 1 512 35% 17% Anaconda....June 18 216 2% 1% Balto & Ohio.June 20 310 5% 2% Beth Steel....June 18 513 7 4% Can Pacific. .June 17 280 20% 23 Ches& Ohio..July 1 28 17% 18% Ches Corp...June24¢ 18 % % CityIce.....June 25 28 2% % Devoe& Ry..Junel4 40 3% 2% IntTel&Tel ..July5 318 1% Mex Seabd...June 25 53 % Newton Stl..June 21 40 % Penna RR... June 14 931 7% Rossia Ins.. June15 10 8% U S Steel....June 21 459 % W Dairy P B.June 13 118 316,900 12:00 476,300 Dividend rates laration. e € Plus 6 Plus’ 3% In stoc 0 P.M. glven in the above table are the annual cash payments based on the latest quarterly or half yearly dec- sUDIt of trading less than 100 shares. Plus $3 in preferred stock. b Payabie in_stock. e Paval in stock. FINANCI Prev. High. l""v (Gl ok 18 21 e 117% 5% T0% 38% 59% 132% 38% 60 133% 7% % 3% 19% 2% 4% 4% 281% 20 Sales of Stocks on New York Exchange. Noon. . 1,627,000 1Partly 3 TP B o ble in cash cpmzl( ’;‘ or hPlus 2% in st ¢ CANDY AND TOBACCO BATTLE IN PROSPECT Opposing Forces Are Lining Up for Fray, Following Smoot’s Speech. Special Dispatch to The Star. NEW YORK, June 12.—“Smoke and grow thin,” say the tobacco interests. “Abstain and grow fat,” thunders Sena- tor Reed Smoot, and at least the hum- ble and remofe Utah sugar beet gets into the high-toned, multi-millionaire dollar advertising row which is leaving multitudes of suggestible citizens un- decided whether to feel like a gumdrop and reach for a smoke, or feel like a smoke and reach for a gumdrop. They are caught between ¥wo Here among the high commands of the candy and tobacco armies, the ar- riving sugar beet is accepted as an intervenor in the controversy long over- due. While Senator Smoot had nothing at zl to say about sugar beets, rising fend tge women and children of the insidious poison of the tobacco advertising, he has long been the Sir Galahad of the sugar beet. His blade and been unsheathed against whomever and whatever bode it harm—tariff deflation, growers’ as- soclations, drought, dry rot, Russian thistle or ecinch bugs. And now he| has leaped to defend the women and children it nourishes against the dev- astating cigaret! In the words spof the old song, “It’s a roundabout way'to get at it,” but both candy kings and wmeo barons are frank in viewing beets as the object of Senator Smoot’s solicitude. No one a m‘uul ad o nH‘Im\l hzmue vhich 3 o e i, ST R anti-cigaret aw ever enacted in the Union. N. Mc- , publisher of the Salt Taks “Tribune flgxnn violated the law in public, ot maelf arresied. wiih u subsequent cx- cmu uproar and court doings, which kept the State in & turmoil for a long The tobacco interests already havé announced that they will spend $12,- 000,000 to carry through their adver- tising campaign and that they will yleid no ground on the question o! the pro- priety of their advertising. The candy markers have not said what their ap- propriation would be, but it was under- stood here today that they were pre- pu'tn wuplhuwuch&t The forces may be sure of an in- temely ln'emmd nudlence if they put pected cial on the ex| battle. Special Dispatch to BUYER OF CANTON COMPANY IN DOUBT $13,000,000 Baltimore Deal Excites Great Interest in Finan- Circles. The Star. 1 % | use estions Senator Smoot's sin- i 1m 251000 for um.lnuxht lnlmc f.ha to-l CHICAGO DAIRY MARKET. CHICAGO, June 12 (#).—Poultry, alle—Fasy; receipts, 2 cars; fowls, 28a28'2; brollers, 34a36; Springs, 40; roosters, 20; turkeys, 22a30; ducks, 17a20; Spring ducks, 28; geese, 15; Spring geese, 25. Butter—Higher; receipts, 10,486 tubsy creamery, extras, 42%; standards, nvz. extra firsts, 4115a42% ; firsts, 39122402, seconds, 38a39. Eggs—Lower; Teceipts, 20,377 cases; extra firsts, 295a30; firsts, 20a29%; ordinary firsts, 27a28%;; storage packed, firsts, 30%; extra firsts, 30%. Tourist Business In Virginia Shows Gain of Millions Special Dispatch to The Star. RICHMOND, Va., June 12.—Cigar- tte production in Richmond was ap- proximately 25 per cent above May, 1928, according to collections made by the Internal Revenue Bureau. A total of 2,245,620,000 cigarettes for domestic e alone was re| compared with Kl y of 1928.° Rne'nue Compar now the second ng:nr{ the State. It is flpecwd our- ists will spend 350000000 in the State t.hllml'.llllnl $35, ooo.oooln 1928. BALTIMORE, June 12.—Sale of the Canton Co.of New York interests, pre- sumably acting for one of the trunk lines now entering the city, or for spon- sors for the proposed fifth trunk line which the Taplins sponsor, has caused considerable speculation here, both in railroad and financial circles, as to which interests the trust company is representing. According to the announcement of Walter B. Brooks, president of the com- pany, the purchasers did not disclose the interests for which they are acting. ‘The American Exchange Securities Cor- poration of New York is a wholly owned subsidiary of the Irving Trust Co. of New York. ‘The sale of the stock at tsoa with | the stockholders retaining the dividend | of $4, means that the $600 and e: hmsuuhlghnrleult which the stock had been quoted re- cently, Assuming that all of the holders of the 21,669 shares of stock of the Gin~ ton Co. accept the offer, the will involve lpprox!ml"l! '13000000 cash. At various times in the past efforts to | buy the company have been made. Two years ago they failed when just about to be consummated. It is known that the Pennlylnm:l:.-urmd has in the past 'o uy company. In its consolidation plan filled with the lnurlfl'c Omnmem Commission last February. timore & Ohio Railroad asked G-hll imeflnl"&d to ncqm:e the Canton na will Impmn Plnt. NEW YORK, June 12 (#).—About $3,000,000 will be ex; Building operations are holding up well, ing and improving s, A, AL. STOCKS ARE FIRM IN QUIET TRADING Buying Support Appears as Mid-Month Credit Strain Is Minimized. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, June 12.—quiet strength characterized today's stock market. Prices slipped off moderately in the early trading in sympathy with the de- cline in wheat futures, but, fresh buying support quickly appeared, and the market rallied again under the leader- ship of the alcohol, public utility and railroad equipment issues. Trading con- tinued extremely dull due to the absence 1 of public participation and the restricted actlivities of professional traders. Call money renewed unchanged at 8 per cent with a small volume of offer- ings reported available in the “outside market” as low as 7'2. Indications of a gradual easing of the general credit situation, and the likelihood that the mid-month stringency will not be as bad as previously expected, have helped to revive bullish confidence in the market. Except in a few public utili- ties and specialties, show little inclina- tion -to resume operations, however, until after the June credit strain is over, Public utility and several high priced shares moved up during the last hour in contrast with the liquidation in other sections of the list. Auburn Auto rose 15 points to a new high, while Midland Steel Products preferred gained 12, Al- lis-Chalmers and American Water Works & Electric 8 each. On the other hand, Universal Leaf Tobacco lost 7', points to 71, and National Bellas H&ss 2% to 48, both new lows for the year. Allied Chemical was down 4 points, while Commercial Solvents was off 10 points. New York Central and South- ern Pacific sagged substantially, The close was irregular, Opening Is Higher. The market opened sharply higher under leadership of a number of re- cent bull favorites. American Water ‘Works mounted 1%, points and Air Re- duction % of a point to new record prices. Sparks Withington (old stock) Jumped 5 points and Warner Bros. add- ed 2% points to yesterday’s gain of 11. Greene Cananea, Westinghouse Electric and Mouon Picture climbed 1% to 1% poin Wlth the mid-month credit stringen- cy likely to be less severe than previ- ouslv expected and “bear” traders ap- parently unable to dislodge any large volume of investment holdings, oper- ators for the advance resumed opera- tions on a fairly broad scale in the early part of today’s market. There was some profit-taking in some of the recently strong specialties, particularly American Can and Fleischman, lnd renewed selling pressure against a recent weak spots, particularly Nl‘h Motors, but offerings generally were well absorbed. Public utilities were again in brisk demand despite recent warnings that some issues in that group had over-dis- counted the normal growth of the in- dustry. Commonwealth Power quickly ran up 4! points and American Water Works and Federal Light and Traction moved into new high ground at 128 and 106, respectively. New High Recorded. Auburn Auto jumped 5% points to a new high at 257}, National Distillers Products preferred .advanced 5 poln to a new peak, at 97, and Crucible and Youngstown Sheet & Tube registered new highs on early gains of about a point_each. A. M. Byers, Yellow Truck, Erie first preferred, New Haven, General Asphalt, Electric Auto Lite, Coca Cola and Gen- eral Electric also pointed upward in the early trading. Foreign exchnngu opened steady, with swflmfi’eclble& still quoted at 4.834 13-16, lowest level since last February. : Wall Street Briefs By the Associated Press. | Financing for Home and Foreign Se- j curities Corporation, underwrit , holding company formed by the Wul Street house of Arthur S. Kleeman & Co., will take the form of an offering of 75,000 no-par cumulative preferred shares and 75,000 no-par common with warrants in units of one preferred, one common shar: and one vnrrmt to buy nnwm‘“mon share. The units are priced a 3 Citles Service Co. was reported today in Wall Street to be purchasing 140 gnsfillne stations in Cincinnati and vi- y. Offering is being made of a $10,000,000 issue of convertible preferred stock for the financing of the Central sf-lt“ Electric Corporation. The shares, pri at $100 each, will pay dividends It tha annual rate of one-sixteenth of a of common stock or $6 in cash. First Mortgage Loans Fair Rates of Interest and Commission b J. Leo Kolb, 923 N.Y. Ave. Dis. 5027 Loans on Autos Legal Interest Our Only Charge Quick Service—Confidential UNITED LOAN CO. Rosslyn, Virginia Just across Key Bridge—Opposite Bank Every $1,000 Earns f $60 a Year With Guaranteed Safety Our books lnc]ud- llme\ (] 6% 6% re: : e soundness b - satety of Guaranty mortgage Send for Booklet, Sonds ana nm trust notes issued to yield 6%. s and notes red on fee simple Droperties and backes by our 33,400, You have choice of type and location of your in- vestment Denominations from up Menthly payments if desired “The Success Plan” REAL ESTATE VIORTGAGE & GUARANTY CorPORATIOR §\C¢pnm! Resources $3.400.000° 24 JACKSON PLACE R