Evening Star Newspaper, June 13, 1929, Page 12

CAPITAL TRACTION DIVIDEND STANDS Directors Declare Usual Quarterly 1 3-4 Pct., Pay- ment at Meeting Today. BY EDWARD C. STONE. The board of directors of the Capital Traction Co. declared the regular divi- dend of $1.75 per share‘at the monthly meeting today. This is the most important dividend announcement made in Washing- ton for some time, @s it bad been broadly hinted, with " cousiderable reason for _such intimation, that the board’ planned to cut the rate from 7 to 6 per cent and possibly to 5 per cent. Evidently the matter was dis- cussed a% consid- erable length, as the directors were in session longer than usual. It has been generally known for a long time that the com- pany was not earning the full dividend, street car traffic having fallen off be- cause of private automobiles and new bus _lines. The traction, however, has a large reserve fund, one amply sufficient to make up any shortage in dividend earn- ings for several years. Declaration of the regular quarterly disbursement in- dicates that the directors did not con- sider this the proper time to reduce the payment. To the host of local stock- holders the company’s action today will bring wide satisfaction, as well as relief. Trading was quiet on the local Stock Exchange _today. Capital Traction moved to the extention of 70 shares at 94. Ten shares of Gas sold at 124, off a point from yesterday. Me:genthaler so0ld ex-dividend at the long-prevailing price of 105. Bonds were in fairly good demand at unchanged prices. Otterback Again Bank's Head. Maurice Otterback was elected presi- dent of the Anacostia Bank for the eleventh time at the annual meeting held yesterday. S. A. Manuel was re- elected first vice president, J. nk Campbell second vice president and Charles W. Warden was added to the official family as third vice president. W. L. Koontz was re-elected cashier, Alfred W. Pohl assistant cashier and George C. Gertman counsel. The present directors are J. Frank Campbell, Charles W. Warden, A. E. Gude, George S. King, S. A. Manuel, Joseph J. Mundel, Mnurice Otterback, Maurice Otterback. For Complete Compilation of Blkl S&e 5:30 ul“.n. ~Prev. 1020~ Stock and Hieh Low. Dividend Rate. A4d 0. Higk. Tow. Close. Gl 381 Abitibi Power & Pap o Ca0n a0 85 Adams Exp pf (5). 8613 861 86% 27 Advance Rumley. 8 36 36% 35% 40% Advance Rumley pf. 57 57 55 2 AhumadaLead...... 2 24 2 24 24 956% Air Reduction (13)., 89 141% 188% 1397% 142% 37% Alrway Elec (2%)... . 8 43% 42% 42% 43 4% Ajax Rubber. 1 5% 5% 6% 6% 4% Alaska Juneau. 1 6% 6% 6% 6% 12 Albany P WPaper.. 3 19 18 10 17 27% Alleghany Corp..... 19 34 33% 33% 33% 99% Alleghany C pf (53%) 42 100% 100% 100% 100% 100% 100% Alleg'y pf rets(53%). 8 100% 100% 100% 100% 305% 241 Allled Ch & Dye (6) 15 2891, 284 280% 285 212% 166 Allis-Chalm Mf (7).. 10 212}; 210% 212 210% 42% 22% Amerada Corp (2) 16 27 25% 27 26 23% 10% Am Agricul Chem 5 11% 11% 11% 11% 40% Am Agricui Ch pf i 41% 41% 42% 4 110 Am Bank Note (13 122 122 1238 46 Am Beet Sugar pf 51 Bl B0% 40% Am Bosch Magneto. 50% b5l% 50% 45 AmBrS&F (h1.60). 52% 52% 52% 15% Am Brown Bov Elec. 81% 32 31% 49% Am Brown Bov pf7. 40s 108% 102 102 104 1 524 22 323, 151% 107% Am Can (14).. 532 142% 139 142 138% 142 139% Am Can pf (7) 1 140% 140% 140% 140% 106% 92 Am Car & Fdy (6)... 15 101% 100 100 99% 85% 70% Am Chainpf(7)..... 1 77 71 71 18 46% Am Chicle (2). 41 BBW 56% 57w 57% 431 Am Com Ale (k1.60). 26 Bw so!a 51% 50% 23% Am Encaust Til (2).. 3 30 31% 75% Am & For Power.... 207 107%« 10!% lO'lh 102% 88 Am&ForPw2dpf.. 1 24% Am Hawaiian (1)... 6% Am Hide & Leather. 80% Am Hide & Lea pf.. 64 Am Home Prd (3. W) 38 AmIce(13). 89% Am Ice pt (6). : 521 Am Internat (% 125 4% Am La F & Foami! 3 11 124% 123 124 125% 2 156% 1561 156'% 155 87k 1267 102% Am Locomotive (8) 188% 147% Am Mch & Fdy (4) 116 108 Am M&F pf xw (7).. 40s 109 108 109 108 50 Am Metal (3). 9 56% 56l 56% 56 5% Am Piano. 5 % 4 5 5% 80 Am Piano p! . 10s 274 26% 25% 274 81% Am Pow & Lt (11)... 113 127% 118 127 118 17 74 74 4 Ta% 41 45 43% 48% 43% 129% Am Ry Express (6). 154 154 154 64% 48% Am Republics.. 14 49 49 49 121% 106% Am Roll Mill (e2) 109% 112 109% 74% 61 Am Safety Raz (15). % 61 624 61 94 82 Am Shipbuilding (8) 20s 81% 81% 82% 124% 93% Am Sm & Ref (4).... 98% 138 130 Am Sm & Ref pf (7). 183" 206 179% Am Snuff (12).. 179% 79% 56 Am Steel Fdy (3). 64 85 66 Am Stores (2).. 4 68 68 68 70 23815 198% Am Tel & Tel (9).... 22 212 207% 212 207 186% 160 Am Tobacco (8)..... 1170 170 170 110 188 160% Am Tobacco B (8) 5 170% 170 170 121% 116 Am Tobacco pf (6).. 1 116% 115% 115% 116 155 136% Am TypeFdry (8)... 1145 145 146 147% 674 Am Water Wks (c1). 416 140% 135 136% 134% 97 Am Water Wist(6). 1102 102 102 101% 18 Am Woolen. .2 19% 19% 19% 19% 43% Am Woolen 1 44% 44% 44% 44% 24% Am Zinc LA&Sm 28 28 28% 95 Am Zinc Ld&Sm pf. . 105 105 99 99 Anaconda Copper... 204 104% 108% 104% 104% 64 Anaconda W&C (3).. 3 64% 4% 64 Anchor Cap (2.40) 3 46U 44% Andes Copper (3). 29 Archer-Dan-M (2) 85% Armour Del pf (7) 72 Armour IILpf (7). 10% Armour Iil (A) 5% Armour Ill (B) 27 Art Metal (1% 49% Asso ApplInd (4)... L. W. Thompson, Robert Thompson and James E. Toner. ‘The directors declared the usual 5 cent quarterly dividend due at time and President Otterback reported that the bank had enjoyed one of its most successful years. He announced a $90,000 gain in resources during the past 12 months. Insurance Convention Theme. “The Second Hundred Billion” is the theme of the annual convention of the National Association of Life Under- writers to be held in Washington Sep- tember 25, 26 and 27, according to the announcement by President Paul F. Clark. In the selection of this theme the association is celebrating the comple- tion of the first $100,000,000,000 of life insurance in force on the lives of the American people. It is estimated that the institution of lre insurance will cross the “hundred billion line” about the middle of September of this year. The District .of Columbia Under- ‘writers’ Association held its first meet- ing today since the election of Harold DEcratt as president. The session was held at the Arlington Hotel, beglnnms at 12:30. The speaker was George A. Lilly, managing director of the Amerl- can Dental Trade Association, who was to talk on “A Layman's View of Life Insurance.” ‘The newest members elected to the local association are P. B. Magruder, Helen Shartzer, E. J. Shellentrager and F. X. Callahan. The association is now having a drive for 100 members. Bond Outing Reservations Heavy. The Bond Club of Washington will have a record attendance at the an- nual outing tomorrow at the Burning ‘Tree Club. Seventy reservations for the dinner had been received this forenoon, which means that last year’s attend- ance of 85 will probably be exceeded. ‘The Stock Exchange seats had been oversubseribed today and were selling (at a premium. The outing starts at 1 o’'clock and the contests for the various golf prizes will get away at 2:30. C. C. Morgan, chairman of the committee, and Kenneth S. Wales, the president, announce that a large number of bank- ers are planning to join the bond men on the outing. An important feature will be the annual election of officers. § Heard in Financial District. William D. Hoover, president of the National Savings & Trust Co. is back at his desk after a three-week fishing trip at the Rangley Lakes, in' Maine. ‘His best fish was a six-pounder, but he admits that one carried off his bait that would have weighed a good deal more than that. ‘Thomas J. Groom, vice president and cashier of the Washington Mechanics’ Savings Bank, received a diploma from Columbus Law School last evening, the graduating exercises being held at the Mayflower Hotel. Mr. Groom received many hearty congratulations today from other bankers. G. Bowie Chipman, resident partner of Harriman & Co., has returned from a business trip to New York. He is having his new Summer home on the Maine coast made ready for the season. John W. Childress, formerly chair- man of the Public Utilities Commission of the District of Columbia, has as- sumed his new duties as general agent of United States Lines Operations, Inc., with local offices at 1027 Connecticut avenue. His appointment to this posi- tion has just been officially announced from the general offices at 45 Broadway, New York, although the move was an- ticipated -here when he resigned from the Utilities Commission. At the bankers’ luncheon yesterday at the Willard resolutions offered by H. H. McKee were adopted expressing the hope of the speedy recovery of Charles J. Bell, chairman of the board of the American Security & Trust Co. Dividends and Other Notes. The board of directors of Calk Carl, Inc, at their meeting on June 11 de- clared the usual semi-annual dividend of 3!, per cent on the preferred stock and a semi-annual dividend on _the common stock of $1.00 per share, pay- able on July 10, 1929, to stockholders of Fecord on June 29, 1929. The Virginian Railway has declared the regular semi-annual dividend of $3 on the preferred, pl August 1 to stock of record July 1. Reports received from the 12 Federal Reserve Banks show that for the %'reasury offering, which was for $400,- 0,000, or thereabouts, total subscrip- lons aggregate some $1,118,000,000. ‘The total number of registered I\Iw- mobiles in the world on January 1929, was 32,028,584, of which 27, 007 us were passenger cars, 4,702,950 trucks and 317,669 busses. Motor cycles to- taled 2,262,932. The figures are based 43 AssoDry G (2%).... Asso D G 2a pE(7). .+ 40% Asso Ofl (2).... 40s 3 43 43 226% 195% Atch T & 8 Fe (10) 25 216% 211% 212 210% 191% 169 Atl Coast Line (110). 2 184% 185 184% 185% 66% 32% AtlG & W Indies. . 0 62% 61% 61% 62 59% 45% AtlG & W L pf (4) 1 55 65 65 5b% T1% 53% Atl Refining (1% 68% 71 684 106% 100 Atlas Powdr pf (8) 100 100 100 275 221 _Auburn Auto (j4) 49 203 279% 293 10 5% Austin Nichols 2 6 6 6 6% 35% 22% Autosales... 1 30% 30% 80% 304 43% 386% Autosales pf (3) 1 39% 39% 39% 39% B 125 114% Baldwin Loco pf (7). 40s 115 114% 114% 114% 133 115% Balto & Ohio (6).. 21 118% 116% 117% 116% 80% 76% Balto & Ohlopf (4).. 1 76 75 5 6% 75% 64% Bang & Aroos (3%). 14 T71% 70% 71 % 110% 105" Ban & Aroos pf (7). 105 108 108 108 108 29% 13 Barnet Leather. 8% 7 T 18 49% 38% Barnsdall (2). 41% 41% 1% 41% 106% 100 Bayuk Cgr 1st nzm 10- 100% 100% 100% 101 28% 20 Beacon Ofl. 26% 25% 26% 26% 17% 11% Belding-H 12% 12% 12% 12% 93% 78 Bendix A 86 B4% 84% 83% 93% 75% Best & Co (3) 83% 821 883% 118% 82 Bethlehem Steel (4). 106% 101% 105 100% 123" 116% Bethlehem St pf (7). 1173% 117% 117% 118% 118 97 Blumenthal pf (7).. 2908 105% 102 105% 104 136% 110% Bohn Al &Bra: H). 1 11% 6 Booth Fisheries « b 98 83% BordenCo (3)....... 33 143% 107 Borg Warner (j4). 45 116% 115 109% 85 Boston & Maine..... 12 105% 104% 105% 105 63% 30% Briggs Mfg.... . 48 32% 31% 32% 32 73% 42% Brockway M T (3) 49% 49% 49% 51 81% 60% Bklyn-Manhat (4)... 15 64% 63% 64% 63% 200% 170 Bklyn Union Gas IB) 22 183 179 181 179% 119% 117 Brown 8hoe pf (7)... 10 117% 117% 117% 117% 50 38% Bucyruscvpf (2%) 1 4 4 1 68% 52 Buffalo & Susq pf (4) 208 53% 46 Bullard Co (1.60).... I 329% 234 Burr Add Mch (15).. 89% 56% Bush Term (g2)..... 110% 103% Bush Term deb (7).. 30s 41 28 Butterick Co. 14 34 34 192% 122% Byers (AM 6 l!’l 134 137 57% 7 laus mm 104% 104 34% 134% 81% 72% Callf Packing (4). 8 8% 75 4 1% CallahanZinc & L. 1% 1% 185 124% Calumet & Ariz (10). 1 1280 128% 128% 128% 61% 36% Calumet & Hecla(4). 10 42% 41% 42 89% 78 CanadaDry (t4%).. 126 90% 87% 89% 88 266% 218 Canadian Pac (10)... B3 224% 222% 224 222% 48% 38 Cannon Mills (2.80). 38 88 38 88 509 293 Case Threshing (6).. 3% 320 320 318 42% 22% Cavanagh-Dobbs.... 1 25 25 25 26% 79% 52 Celotex (3) 7 60% 59 60 60% 5215 40% Cent Alloy Steel (2). 15 44% 43% 44% 434 120 88% Cerro de Pasco (6) 2 % 9 9 s 28% 16% Certain-teed Prod. 26 26 26 230 195 Ches & Ohlo (10).... 8 216w 214 215% 213% 104% 78% Chesapeake COrp (3) 6 85% 84% 84% 1 12% 12% 12% 12% 1 16% 16% 16% 17 7 15% 14% 15% 14% Chi Great Westnpf.. 18 41% 40% 41% 40% 39% 27% Chi Mil St P&Pac... 63% 46% Chi Mil St P&Pac pf. 94% 80% Ch &N W (4). 39% 28% Chi Pneu Tool. 56% 48% Chi PneuT pf (3%) 139% 116 ChiRI&Pac (7).... 4 123% 122% 122% 122 108% 105% Chi RI&Pacpf (7). 1 106% 105% 105% 108 44% CRilds Co (2.40)..... 30 54 16% b1% b1 66 ChryslerCorp (3)... 114 T4% 73% 73% 73% 52% CityIce & F (3.60).. 1 B1% b51% b1% b2 20% City Stores (1)...... 9 22% 21% 21% 21% 43 CityStores A Gl).. 1 474 474 471 49y 56 Cluett Peabody (5).. 59 59 120% Coca-Cola (4). 2 .1 lazv. 180 130 159% 47% Coca-Cola A (3)..... A% 4T 72, 48 Collins & Aikman. .. 103% 93 Collins & Alkpf (7). 1 .93 93 79% 53% Columbia G&I (2).. 88% 641 Colum Graph (29.1c) 8% 56 Colo Fuel & Iron. 70% Colo & Sou 1st pf (4) 1 74 169% 121% Golumbn Carbn 14%- 31 163 62% 43 Com Credit (2)...... 12 44 105% 95% Com Crd 1stpf(§%4). 20s 101 26 24 ComCreditpf (1%). 50s 26% 26% 26% 26% 2714 25 Com CreditpfB (2).1608 27% 2Th 2T 27 195 131% Com Inv Trust (t4).. 2 139% 139% 139% 140 410 225% Com Solvents (h8).., 18 400 394 399 398 218% 107% Comnwealth Pwr t4. 151 219 211% 218% 210 19% Congoleum-Nairn 1721 20% 20% 20% % Conley Tinfoll sta. (S 77% Consol Cigar (7) s 80% 84 Consol Cigar pf( 25 Consol Film In puz) 3 263 264 951 Consol Gas (3) ... 927 117 1uy. um Frtn 98t Consol Gaspf (6)... 7 9815 21 Consol Textile...... 12 Container Corp A. 6 Container Corp B. 47% Contl Baking A. 8% Contl Baking B. 881, Contl Baking pf (8). 60 Contl Can (2%). . 79 Contl Insurance (2) 17% Contl Motors (80¢). 1 82 Corn Prod (13). 144% 141% Corn Prod pf (7). 82% 61 CotyInc (82).....e 125 85% Crosley Radio (31). 85 Crucible Steel (5) 1% Cuba Cane Sugar.... 5% Cuba Cane Sugar pf. 72% 140 50 4% 160 162 43% 44 101 101 101 L3 90% 91 a1 95% 97% 95 2% 2% 2% 6% 6% 6 16% 16% 16% IgAr, 18 18% 18% Cuban Dom Sugar. 3% 4 3 % 50% 50% 50% 115 115 114% 62 160% 158t 168% 1567% 10s 120% 120% 120% 126 1 59% 59% 59% 59% 13 83% 83 83% 83 1781 185% Curtiss Aero (1). »t (T) 66% B58% Cutler- m (3% 85 63 Cuyamel Fruit. on statistics furnished today by the De- Dlrtmen! of Commerce. United States leads the world in nulomuhlle registration, with the over- whelming total of 24,629,921, or 76.90 er cent of the world total. "Of these, 1,423,597 are passenger cars, Oor one car to very 5.6 persons. The ratio of rld passenger cars to world pop = 12 'one eog te every 70 PErsons, % 8 47% 46% 4T% 4T% 69% 42% Davison Chem. 40s 121 120 121 120% 128 116 Deere & Co pf (7) 207% 182 Delaware & Hud (9). 14 192% 190 1921% 190% 188% 120% Del Lack & W (17).. 4 121% 130!6 120% 120% 71% 656% Denv&R G W pf.... 2 66 66 “% 267% 224 Detroit Edison (8). .+ ”1 ”" 267 64% 44 Devne& Ray A (13). 12 44% 44% ll% 164 130 Diamond Match (8).. 208 l“ 43 1 IM bl % Dome Mjnes (1). 2 M . % 21% 'ls’/n 2% Stock and Sales— Dividend Rate. _ Add 00. High. Dominion Stores (3). 3 47% 105 Drug Inc (4). . 9109 62 Dunhill Inter (14). 2 63% 20% Duplan Silk (1). 34 21% 155% Du Pontde N(t4i4). 7 16734 115% Dupont d N deb (6) 5% Durham Hoslery 2 . 56 FEaton Axle&S (3).. 11 26% Eitingon-Sch (23).. 3 126% El Auto-Lite (14%3). 28 11% RElectric Boat. . 2 43% Bl Pwr & Lt (1). 77 Elec Stor Bat (5).. 8% Elk Horn Coal pf. 65 Emmerson-Brnt 68 Endicott-John (5) . 47 Eng Pub Serve (1) 90 Eng Pub Sve pf (5) 31% Equitable Bldg(2% 64 ErleRR. 57 ErieRR1 5 Erie R R 24 pf. 44% Eureka Vac Cl (4). Evans Auto L($214). 10 22y, Exchange Buf (1%). 40s F- 40% Fairbanks Morse (3) 3 64% Fash Pk Assok23%). 2 96% Fash Pk Asso pf (7).8 2 68Y% Fed Lt& Trc (11%). 16 14 Fed Motor Tr (80¢).. 2 90% Fid Phen F Ins (2).. - 100 Filene's pf (6%). 104% First N Pic 1st (8).. 62 First Nat Stores 1% . 8% Fisk Rubber. 65% Fleischmann ( 46% Florsheim Shoe A 57% Follansbee (1234). 80% Fox Film A (4)..... 104% Frank Simon pf (7). 37% Freeport-Texas (4). 1 100s 104% w5 45% —_— 20 Gabriel SnubA.. 4 10% Gardner Motor. 81 Gen Am Tnk Car(14) 61 Gen Asphalt. . 551 Gen Bronze (2). 37% Gen Cable. .. .. 63 Gen Cigar (4).. 3 219 Gen Electric (16).... 494 11 Gen Elec spec (60c).. 20 70 GenG&ELA (1%).. 1 105 GenG&EIpf A (7).. 10s 102 GenG&EIpfB (7). 508 67% Gen Mills (3). 68% Gen Motors (13.. 122% Gen Motors pf (7). 47 Gen Outd Adv A (4) 32 Gen Outd Ad vte (2 98% Gen Ry Signal (5) 68 Gen Refrac (13%). 101 Gillette Safety R (5) 38% Gimbel Brother: 36% Glidden Co (11%). 44 Gobel (Adolf). . 52% Gold Dust (2%) 108% Gold Dust pf (6). 73 Goodrich BF (4) 111% Goodrich pf (7) 112 Goodyear Tire (5). .. 44% Gotham Silk H (2%) 93 Gotham S H pf (7).. 7 Gould Coupler. . 25 Graham-Paige. 62% Granby Consol (7).. 77% Grand Stores (1).... 107 Grand Stor pf (6%). 114% Grant W T (1). 101 Grt North pf (5). 100 Grt North pf et (5). 25Y% Grt Nor Ore (al%).. 12 32% Grt West Sug (2.80 12 113% Grt West Sug pf (7). 10s 186% Greene Can Cop (8). 13 50 Guantanamo Sug pf. 50 82% Guif Mo & North. 3 55% Gulf Sta Steel (4) 27% 33% Hahn Dept Stores. .. 148 95% Hahn Dept S pf(6%) 91 Hanna (M A) 1st(7). 54 Harbison Walk (2). 20% Hartman B (1.20)... 40% Hayes Bdy (b8 %stk) 64 Hershey Chocolate. . 80 Hershey Choc pf (4). 2 55 Hav El Rwy pf (6).. 150 104 Hershey Chprpf(6). 1 15 Hoe (R) & Co../. 27 18% Hollander & Son 6 72% Homestake Min 1 87% Houd Hersh B (1%). 149 79% 462 Household Prd (14). 109 821 70% Houston Oil. 564 Howe Sound (. ) 58%¢ 84% Hudson & Man (2%). 93%/ 75% Hudson Motor (5) 82 152 39% B58% 14% 17% 194% 102% 103% 119% 145 102% % b51% 2% 9% 24% 17% 93 63 80% 94% 93% 38% 69 162% 242% 122% 16% 122% llS’lVA lo’l% 102 621 . 1380 130" Missourl bac bt (5).+ » 80% /132% Tllinois Central (7). . 39% Hupp Motor (£2). -1- 4137y 30 Independ Ol &G (2). 11 36 17% Indian Motor Cycle. . 29 Indian Refining. . 28 Indian Refiningct... 75 Industrial Rayon.... 78% Inland Steel (3%) 38% Inspiration (4). 23% Interboro Rap T: 8% Intercontinental Rub 8% Intl Agricultural. 149% Intl Business M (5). 84% Intl Cement (4)..... 654% Intl Comb Eng (2)... 92 Intl Harvester (234). 140 Intl Harvpf (7)..... 65% Intl Match pf (3.20). 4% Intl Mer Marine..... 86% Intl Mer Marine pf. . 40% Intl Nickel Can (80c) 85% Intl Paper pf (7).... 25 Intl Pap &P A(2.40). 14% Intl Pap & Pwr B. 10% Intl Pap & Pwr C. 80 Intl Pap & Pwr pf(7) 43% Intl Print Ink (23%). 70 Intl Ry Cn Am pf(5). 20 78 Intl Tel & Tel new 69% Inter Dept St (2). 29 Intertype (ft1%) 49% Island Creek Co: 20% 186% Jewel Tea (163). 2 152% Johns-Manville (3).. 110 118% Jones & Laugh pf(7) 20s 121 6 Jordan Motor Car. .. G Kan City Sou (5). Kayser J & Co (6)... Kelly-Spring Tire... 15 Eally Soring 8% ot Ka 40% Kelsey Hayes (2) 12 Kelvinator Corp 77% Kennecott (5) 89% Kendall Co pt 27 Kinney (G R) (1) 931 Kinney (G R) pf ( 26% Kolster Radio. . 32% Kraft PhCh (1% £t Ph Ch pf (6%) ge S S (1.60) 12% Kresge Dept Store: 33% Kreuger & Tol(1.34). 76% Kroger Gr&Bak(c1) 26 Lago Ofl & Trans 127% Lambert Co (8) 19 Lehigh Valley Coal 34% Leh Val Coal pt (3) 51 Lehh & Fink (3). 81% Liggett & My (15). 81% Liggett & My B (15). 42% Lima Locomotive. 50 Link Belt (2.40). 71% Liq Carbonic (4% ) . 48% Loew’s Inc (13) 7% LoftInc..... 27 Long Bell Lumb A. 56 Loose-Wiles (2.60) 20 Lorillard (P) Co. 85% Lou G & E1 A (1%) 66% Ludlum Steel (2) 37 Mac A & Forb(12.85) 71% MecCall Corp (4) 16 MclIntype Pore M(1). 6216 McKeesport T P (4). 49 McKesson & Rob (2). 55 McKes & Rb pf(3%). 91 Mack Trucks (6).... 17% Madison 8q G (1%).. 60 Magma Copper (5) 81% Man Elev mod (d6).. 36Y% Mexican Socbonsd 80% Miami Copper (4). 85 Michigan Stl (2%) 98% Minn Moline pf 6% .. 42%% Mo Kan & Texas. Mo Kan & Tex pf(7). 105‘6 Missouri Pacific. lohawk Mills (2%). Mont Ward (2%) s e 88% 6 1% 66 future.” ™ aonmnu nnnm Mr, Miler- company bas 108% 104% 106% 87% 134 65 ~Prev. 1920~ Stock and High. Low. Dividend Rate. 4 Moon Motors. . Morrell J (3.60). Mother Lode (40c) Motion Picture Moto Meter Act..... Motor Products (17). Motor Wheel (2) Mullins Mfg. .. Murray Corp (a3). Nash Motors (6) Natl Biscult (6)..... Natl Biscuitpf (7).. 2 Natl Cash Reg (14).. 104 Natl Dairy ($1%)... 71 Natl Distillers. . Natl Distillers pm) 105 Natl Lead (5). 21 Natl Lead pf A (7) Natl Pwr & Lt (1). Natl Radfator. Natl Radiator pf Natl Supply (18) Natl Surety (5). Natl Tea (1%).. Newport Co A (3). Newton Steel (3).. N Y Air Brake (3). N ¥ Central (8). NYNH&HDf (7).. NYOnt& West.... N Y Steam pf (6).... Norfolk&Wstn(110) . North Am(b10%stk) 180 North Am pf (3).... North Am Ed pf (6). 4 No Ger Lloyd (3.41). Northern Pac (5). 1€ North Pac ct (5) 7 Northwestn Tel (3). 90s 011 Well Supply. Oil Well Sup pf (7).. 10s Oliver Farm Equip. . Olivr Fr Ep cv pt(3). Olivr Fr Eq pf A(6).. 11 Omnibus Corp. ... 2 Otis Elevator (6). . Otis Steel v Otis Steel pr pf Pacific Gas & B (2).. 27 Pacific Lighting (l) 10 Pacific Mills. 30s Pacific Oll stubs. ... 1 Packard Motor ('5) 48 Pan-Am Pete B. 222 Paramount-F-L (3).. 84 Park Utah (80¢)..... 6 4 Pathe Exchange. T Peerless Motor Car.. 12 Penick & Ford. . 4 Penn Dixie Cement.. 2 Penn Dixie Cm pf(7) 1 Pennsylvania RR(4) 109 People’s Gas Chi (8). 40 Pere Marquette (18). 1 Pet Milk (13).. Phelps Dodge (3). Phila Co (17)... Phila Co 5% pf(2% Philip Morris (1). Phillips-Jones (3). .. Phillips Pete (1%).. 6 4 Plerce-Arrow A..... 1 Plerce Oil.........ec 5 Pillsbury Flour (2).. 6 Pirelli Co A (2.88)... b4 Pittsburgh Coal..... & Pitts Term Coal pf. Poor & Co (B) 12. P Rican Am To (A)7 P Rican Am To (B). Postal Tel & C pt(1). Postum Co (3).. Prairie Oil & Gas Prairie Pipe L (14).. Pressed Steel Car. Prod & Refiners. Prod & Refiners pf. Prophylactic (14). Pub Sve NJ (2.60 Pub Sve NJ pf (5) Pub Sve NJ pf (7). Pub Sve NJ pf (8). Pub Sve B&G pf(6). Pullman Corp (4) Punta Alegre Suga Pure Oil (1%). Purity Bakeries (3 Radio Corp. . Radio pt B (5)... Radio-Kelth-OTph A Reading (4). o Real Silk Hosiery . Real Silk Hos pf(7). Reis (R) & Co. .. Remington-Rand. ... Reming-Rnd 1st (7). Reming-Rnd 2d (8).. Reo Motor Car 11.60 Rep Brass Corp. 4 Rep Iron & Stl (4). 1 Reynolds Spring. 2 Reynolds Tb B(2. 6 Rhine West (1.92) 4 Richfield O11 (2)..... 9 Rio Grande Ofl (k2). 26 Ritter Dental (2%).. 1 Rossia Ins (2.20).... 3 Royal Bak Pwdr(1).. 326 Royal Bak Ppf (6).. 1 Royal Dutch(a1.336) Safeway Stores (3).. Safeway Strs pf (7 St Joseph Lead (13). 12 St L-San Fran (8)... 29 St L-San Fran pf (6 2 Savage Arms (2).... 2 Schulte Retail Strs,. 12 Schulte Retail pf(8). 10s Sears Roebck ($2%). 33 Seneca Copper. ... 4 Sharon Stl Hoop (1). 3 Shattuck F G (2).... 36 Shell T&Tran(a96.4) 1 Shell Union (1.40)... Shubert Theater (5). Simmons Co (3) ... Stmms Pet (1.60).... Sineclair Ofl (12%).. Skelly Ofl (2)....... Sloss-Sheffeld Steel. 10% Snider Packing. . 33 Snider Packing pf. 34 So Por Ric Sug 12% 53% Southern Cal Ed (2) 36% Southern Dairles A. . 10% Southern Dairies B. . 154% 102 27 145 11 Sales— Add 00. High. uzw Close. Clou 4 4 4 1 17 2 106 3 43 17 3% 5 b54% 90% 815 2 8348 18 41% 95% 4 b4% 69 166% 10s 1056 68 Div Sparks Sparks Studeb: Transct % Truax- Utd Al Utd El U 8 Ca USCs ECL‘CCCCC: wnnwnwne Victor Virgini Virgin Virgin Waldo Warre Westn Westn White White ‘White ‘White White Yale & Young Young Am Tel Devoe Rossia Dividend rates laratio: 4% in stocl aPaid this in stock; e 1PN in stock. TBlis 8% in sfook: Southern Pacific (6). Southern Rwy (8)... 31 50% Spalding A G (1.60). % 3¢ Spang-Chalfant..... Underw-El-Fish(4).. Union Bag & Paper.. 35 Union Carbide(2.60). 246 Union Ol Calif (2).. 1 Union Pacific (10)... 18 Union Pacific pf (4). 1 Union Tank Car(s).. 38 Utd Afrcraft&Trans. 85 8 a > & ° < Leather. . Leather A Realty (5). Rubber. : Rubber 1st pf Smelt Ref (3%) . Yellow Truck &C. .. Anaconda. Balto & Ohio.June 20 306 Beth Ste Can Pacific. .June 17 Ches & Ohio..July 1 Ches Corp. City Ice. Int Tel&Tel Mex Seabd. . .June 25 Penna RR. U S Steel... 1111976400 cash payments based on the lltnt ‘quarterly or sUnit of trading less ttian 100 shares. FINANCIAL. Stock and Sales— Pro Low. Close. Close. 129% 1301 129% 1412 142 Add 00. High. 21 130% 10 141% idend Rate. Withing(14) ‘Withing new Spencer Kelg(1.60). Spicer Mfg. ... Spiegel-May-St (3).. 17 Stand Gas & El (3%) 290 Stand G & E pf (4)... Stand Oil Calif (13) Stand OIIN J (12)... Stand OII N Y (1.60). Stew-Warner (3%).. Stromberg (3). . aker (15) Superior Oil. . Superior Steel Symington A. i Telautograph (1) Tenn Cop & Ch (1).. i Texas Corp (3)...... Tex Gulf Sul (4).... Texas P C & Oil (b5). Texas Pac Land Tr. . 4 The Fair (2.40 Tide Water Asso. Tide Wat Asso pf(6) Tide Water Of1(80c). Tide Water Ofl pf(5) Timken Det Ax $80c. Tobacco Pr A (1.40) ‘Tobacco Pr Cct. . ontinental. Trico Prod (2%). Tr Coal(1. Truscon Stl (31.20) Twin City Rp T (4) — 60 lst. reraft&T pf3. 3 Utd Biscuit (1.60) . 1 Utd Business Pub. 1 Utd Cigar.Stores(1). 13 Utd Cigar St pf(6)... 5 Utd Corporation.... Utd Corp pf (3) 38 Utd Dyewood . 420 ectric ('011(3) Utd Fruit (e4)...... Utd Paperboard. .. .. t 1P 1st(1.20) 17 USCst1P2d(1.20) S Hoffman (4 s 7 1 st Irn Pip (2). 3 6 1 5 105 2 U 8 Tobacco (3). Univ Pipe & Rad. Utll Pwr & Lt A (e2) V- Vadsco Sal Vanadium (14). Talk pr pf(T). ia-Car Chem 1a-Car 6% pf. ia-Car pf (7) Va El & Pwr pf (7) Vulcan Detinnin; ‘Wabasl rf Systm (1%) 12 Walworth (1.20). Ward Baking A ‘Ward Baking B ‘Warner Bros Pict Warner Bros Pic (n) 15 Warner-Quinlan (2). 5§ Warren Bros (15)... n Fdry & Pipe. Wess Ofl & Snow(2). Wess O & Sn pt (4).. West Penn E1 A (7). ‘West Penn Pw pf(6) West Penn Pw pf (7) Dairy A (4). Dairy (B).... Western Maryland. ‘Western Pacif pf. Western Union (8) Westngh Alr Brk(2). 17 Westngh EI&M (4).. 304 Westngh E 1st pf(4) 260s Westvaco Chlor (2). Eagle Oil (2). Motor (1).... Rock M S (3). Sewing Mach. Sw Mch pf(4). Wilcox Oil & Gas, ‘Wilcox Rich(A)2% ‘Wilcox Rich(B)ez2. .. Willys-Over (¢1.20). ‘Willys-Over pf (7 ‘Wilson & Co Wilson & Co A. ‘Woolworth Co (6) . ‘Woolworth Co. .. ‘Worthington Pump Wright Aero (2).... ‘Wrigley W (ct3 %')‘ . 8 1205 17 2 69% 9 39 9 621 39 138% Towne (4)... Sp&W (12%). Sheet & T (5) RIGHTS EXPIRE Alleg Corp...June17 74 % 3% 19% 2% .June 18 6 4% 28% .June 24 17 June2s 5 % & Ry..June 14 % July 5 287 314 1&T..July 1 .June 18 June 141039 June15 13 ..June 21 857 Ins e+ 1,260,400 . 2,232,100 the annual yearly dec- tPartly extra. {Plus ock. Plus 1-25 m stock: ular Tate bPl bie in stock... ¢ Plus 5% when earned. ‘ blein cash or stock. & Plus 6% . in noc hPlus 2% in stock. kPlus 3% In_stock. as given in the above table REPORT OF MILLER TRAIN CONTROL CORP. President of Firm Declares Pros- pects Are Good for In- creased Business. Special Dispatch to The Star. STAUNTON, June 13—The annual report to the stockholders of the Miller Train Control Corporation is being mailed today, some of the largest share- holders_being residents of Washington. The balance sheet, as of April 30, 1929, showed assets and liabilities of $1,543,- 706.24, itemized as follows: ASSETS. Gash on hand and in bank. $8,833.43 toc) 337.50 o0 BB aaas - tent patent Bevelopment bron: and. jos) LIABILITIES. Real estate bonds. $1,543,706.24 H. B. Miller, vice gl;endenc and gen- eral manager, said rt that train control expansion “has by no mu\u ;mywheu nnr‘n its mn!r or a) llut.lon and ho ter of 'ge train control Wm in the an excellent field in the control of mo- tor trafic in streets. The company's traffic control device is now in use in eight cities and some of these have sent in repeat orders. Orders have been re- ceived ~and shipments made to two other cities, one of them being the larg- est m‘rl:‘spcmtwn center in the world, Mr. Miller reports. Orders for trafilators to be delivered in the next 90 days have been recelvul ln substantial numbers, Mr. Miller ad The new uses of the company’s producu on city streets and motor highways are expected to increase earnings during the coming year substantially. POTATO MARKET WEAK. CHICAGO, June 13 (#)— (United States Department of Agriculture).— Potatoes—Receipts, 112 cars new, 38 old; on track, 72 old; total United States shipments, 953 cars. New stock: Trading rather slow, market weak; North Carolina, barrels, Irish Cobblers, 3.75a4.00; Southern sacked Bliss Triumphs, 3.00a3.25; fancy, shade higher. Old stock: Trldln‘ fair, market slightly _stronger sacked round whites, 1.10a1.25. SILVER QUOTATIONS. NEW YORK, June 13 UP)—Bar sil- ver, 52%; Mexican %. FEDERAL LAND BANK BONDS. NEW YORK, June 13 (Special) . — Bid. .93 = mfinz:snz %mz:xzx::::i Markets at a Glance NEW YORK, June 13 (#).—Stocks strong; utilities touch new highs. Bonds irregular; price changes narrow. Curb mixed; wer stocks soar to new peaks on small turnover. Foreign exch.lngas easy; sterling cables near year's low. Cotton higher; expectation bullish Sugar steady; improved weevil report. Coffee advance; com- spot situation. mission house bu; CHICAGO, June 13 (P)—Wheat higher; better outlook for farm relief. Corn_higher; bullish crop and weather reports. Cattle irregular. Hogs higher. By the Assoclated Press. NEW YORK, June 13.—New securi- ties offered today include: $8,000,000 Southern Public Utfllfies Co. first and refunding mortgage 5 cent gold bonds, due July 1, 1943, pric:d at 100% and_interest. $6,800,000 Central Power & Lllhl Co. first m 5 per cent gold 1950 le%“e at 91, yield™ f% PR mmr Buffalo, N. ¥, cour per cent Bonds, due 1930 to 1949, to yield be- tween'5.50 and 4.20 ber cent. 250,000 shares General Gas and Elec- tric Corporation $9 cumuIative Converti- ble preferred stock. at $95 a share, (o u 155 oD Eesen Maryland 4% per cent certificates of indebtedness, matur- from 1932 to 1944, and prluu to yleld from 4.75 to 4.25 per cent. ‘3 000 000 City of Asbury Park, N. J. bonds, due December 1 l'fl h Ml 1, 1935, at prices to yle!d 5 per cent. ——— Railways of the Netherlands East In- STOCK LIST GAINS AS CREDIT EASES Drop in Money Rate to 7 Per Cent Stimulates Bullish Operations. STANLEY W. PRENOSIL, Assoclated Press Pinancial Editor. NEW YORK, June 13.—Reduction in the call money rate to 7 per cent stim- ulated a revival of bullish activity in today's stock market. Buying con- tinued to be of a rather selective char- acter, however, with such important groups as the steels, motors, coppers and olls taking little part in the up- swing. Public utilitles were again in the forefront of the advance, with the rafls joining the upward movement in the afternoon trading. Cnll money renewed at 8 per cent, ped to 714 and then to 7, presum- fibly m reflection of the heavy accumu- lation of funds here in connection with the midmonth dividend, interest and Federal income tax payments. There was no quotable change in time money rates, but ‘:.eh; under‘t:ng of the market was described as easier. Buying became varied in the final hour, when the chemicals and low- priced oils appeared frequently on the ticker. Lago Oil rose to 34%. a new high for the year, and Allied Columbia Commercial Solvents and Columbia Carbon moved up 4 to 6 points. Most of the public utilities continued to gain, % | Public “Service of New Jersey gemng into new high ground at 97. The close was strong. Opening Is Higher, Prices displayed a strong undertone at the opening. Motion Pictures, Inc.; Frank G. Shattuck and Union Carbide all moved into new hiah ground on intial gains of 1 to 2, points. Wright Aeronautical opened 2 points higher, Coty and General Electrlc 1% and In- ternational Combustion 1. Bullish sentiment prevailed through- out the early trading in reflection ot the growing belief that the June credit stringency will be less severe than ex- pected and that first half-year state- ments of leading - corporations would make favorable comparison with the same period a year ago. Early buying was rather selective in character and limited largely to issues in which spe- cial developments are pendin General Electric quickly ran points to a new 1929 high at 3”‘/& ln what has been described as Wall Street’ own celebration of the return of Owen D. Young, chairman of the board, who presided at the reparations conference. Auburn Auto, which is believed to har- bor a large short interest, ran up 8 points to a new high at 283. American Water Works and Standard Gas & Electric moved into new high ground on early gains of 23, and 4 points, respec- tively. Commonwealth Power, which sold as low as 175%; less than a week ago ran up 5 points to 215. The year's high is 218%. U. S. EXPORTS INCREASE OVER 5-MONTH PERIOD By the Assoclated Press. Exports from the United States last month were valued at $387,000,000, compared with $422,557,000 for the same month last year, while imports Sglg'roe‘)%awd $401,000,000, against $353,- Exports for the first five months of 1929, the Department of Commerce an- nounced today, were $2,232,449,000, compared wlf,h $1,989,328,000 for ' the same period last year, while imports were Sl 933,817,000, against $1,768,- 683,000. Gold exports for May were $467,000, compared with $83,689,000, while gold imports last month were $24,097,000, against $1,968,000 lor May, 1928. SAYS STOCK AND DAIRY PROSPECTS ARE BRIGHT By the Assoclated Press. CHICAGO, June 13.—President. E. C. Brown of the Chicago Live Stock Ex- change said today live stock and dairy farmers were not interested in farm relief legislation. ts for this branch of agriculture were never better, he added. “Live stock farmers are mow in a position to help the grain farmer,” President Brown said. “They can buy corn at 65 to 75 cents throughout the belt, convert it into beef and pork and on a short turnover can market the grain that goes into the animal, netting thereby 50 m 100 per cent profit. Re- ports of fabulous profits in Wall Street are in circulation, but none of them actually exceed current live stock grow- ing profits, with every prospect of con- tinuance for 90 da; Loans on Autos Legal Interest Our Only Char, Quick Service—Confidential UNITED LOAN CO. 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