Evening Star Newspaper, June 15, 1929, Page 26

26 € G STAR. WASHINGTON. D. €. SATURDAY JUNE 15. 1929, for woom the_onted swies st BR OKER. PILES UP FORTUNE CURB SHARES FIRM | ~Ew vork cure markeT | (CHANGE MAY COME |&Eeteit s B ns BROK S L S NG SPECULATION T = P | having read the decision of the Su- R 550 ¥ p;:mc Court, ‘th:‘l‘ the .‘;mo;’r, rmemlrl- g:ll::‘;m;ey. :lr.v V:'-'li_l maintain asteady INDUSTR ra W She il = | after year. OETRIAL . Low. Clon # Poert Fofo 1100 y - e e . [ 4 | " Strandberg’s stock and bond business ougfie Prod ... B : cerning ol A has grown from a one-man venture to e 20488 it nas 1 M I E - At i i | R T s s | . ¥ A concern with branches in several Market Absorbs Heavy Prof- it-Taking in Impressive @ 3 5 5 PRI, See{ 2, 1114 R Angeo ... 3% . ¥ =l of all the participants to obtain a . i 3 Southwestern cities. With his partner, ExaRaer Tnduistrios Wl e A e g |Expanding Business and clear statement of just what the Jaw s | Milton J. MgGreevy, Strandberg has iied" aviat tnd 10 140 1 1 el oonc Gorp, .o Tt seems that the Supreme Court, fel f | bullt up a house with business frequent- PES b Be ] Hrinle Sele orce. - W there should be more emphasis in mak- g . | 1y of $5.000,000 a day. It handles from ey é e 1 Tung: Sol Lamo..... i Modern Trend to Mergers |ing a vaiuation of any railroad property | ) $500,000 to $1,000,000 & day in Govern- g g e ] Bune ®0 o divessing 85~ 8. 8 | |on reproductive value, or the present | 4 ment. securities Innkme.' s 5Am Brit % Gont Gorp 183 | I Union N G Car...... 32 % Are cned_ | “construction” cost. But how mln:h?' ¢ For the thrills of reading faj >2>2> 4 Union_ Tobacco 3 messages Strandberg will substitute fish- S — 3 i e i i [ ol Bl prasock™ [ives oo atRers: Comastiee” Gours | . a Tn, Test and recreation. He will inves: - — 1AM ommone™F A.° 33 ' 3 3% | 13 Uni Elec Bondr ris | s : mission in & quandary. It is now at. | : ain : heavily in outdaor air in an attempt to . 10 Am Commonw 7 B 8 ! 97Um Gas Go BY JOHN F. SINCLAIR. tempting to work out a plan on which | s rebulld his health, BY HARRY H. RECKER. 4 Am Commonw P op w 7 H 7 Uni Gas Co ris - | it may proceed with valuations. | & * - i & | 110 Am Gyanamid B n... 3 5 86151 15Uni G lmp C 4 | Apecisl Dispatch to The Star. | Bt e s s B @necis] Dispatch 1o The Star 27 Am Cyanma rte cash | 132 0ni G 1mp ¢ n Wil NEW. YORK. June 15.—Can those | BUt 88y it goes ahead, works out - | RISE IN POWER STOCKS NEW VORK, ‘June 18- Absoriiing 1 Amer o e On &1 ofd Wil o 314 | striving to effect of] conservation for- |PIAn and again the Supreme Court is | b, S | 4 | y : asked fo rule on the plan adopted, based | ! ; . | profit-taking I . impressive - fashion.| JATMS 2 s O iy it mulate & program without asking Con- |, “what the commission believes the | i ' | IS SURPRISE IN STREET utility stocks on the Curb Exchange held 1 Amer N 3 4Un Stores wi . gress to repeal the Sherman anti-trust| omallon decision really means, what 5 i e | £ and tn ‘some cases bettered the record | 141 Amer Supers N 1 R el by Yo | happens then? i | By the Associated Press. tevel ched in yesterday's hectic 3 Amer Super 1 pfd 7 & Por Mt o 3 This was the problem before the Con-| Today no one can tell whether the % i s | NEW YORK, June 15.—The amazing evels rea 3 3 258 Amer | Super e Freight of Del 5); ' servation Conference at Colorado| final valuation set up. which the In- ¢ 5 | rise in power and light stocks, with demonstration. | 1 Anchor Fost, Fen H Qrpeum ... 3394 | SpI at which the Federal Oil Col:-nenuu Commerce Commission adopted. B 4 little beyond holding company forma- With the natural Saturday disposition 7 Arizons Power E o vie 343 | servation Board was present, Tepresent- will hold “water” should » test case ot e A e e to reduce commitments increased by the | 133 Atk Nat) G L |ing the Government. Eleven important|again come before the United States g | tion prospect Tge! extent. of the gaint in some of the 1 Ark Natl Gi 3 R A y * | ofl-producing States were represented.| Supreme Court. : | has apparently left the average mar- erstwhile leaders, some irregularity de-| 3 Asso Dye & Print Ind_Corp .. 2b% | So were 80 of the big ol companies,| “So no one can do more than guess ket prognosticator more or less up in veloped, but the turnover in one or two | 343588 Flec Tad. ... | s sty | through the American Petroleum Insti- | at what, may follow." says Mr. Rich. 3 | the air. This is evident from the refer- issues continued extraordinary for a 18 Asso Gas & E n ris.. 3 © Pkx ofd 1.0 tute. Still, the solution of overproduc-|berg. ““The law is that ‘such weight i 3 | ence to the muy appearing in the mn; Baturday. | e ook b e tion lies in a joint co-operative effort|as may be just and right in each case’ & ket comment of one of the larger of | 1A Ravon P e %02 | of just three States, Texus, Oklaboma | shall be given & large number of vari- p |the Street's wire houses which read TSR AT A 1 Atto Rayon pid o ! 3 West auto sup A 3 and California. | able. uncertain and inconsistent factors x | ax follows: “As to the utilities, they TFollowing the unparalleled volume in TR T o ided il 5 Wastern Alr Bxp iis 6% ° 8 | ""When Attorney General Mitchell ruled | which must be weighed according to st ¢ | are all buting each other up so_dilt Commonwealth & Southern in the pre- | 12 A FElN 2 - 19 inton Eng Oo ... 3¢ | that, there was no power in the present unknown ratios.” But how? : - gently that the firial result remains A ceding session, the stock opened un- $Auio VM cvi Bri pf 21 s B {laws of the Nation to permit the oll| The attorney, familiar with the case| . | sort of power puzale, with some light changed on A block of 100000 sheres 3 AViHOR P “ ' | companies fo agree among themselves | from the beginning, issues this warnin ]«n the side, but not enough to clearly and held firm in lively dealings later.| 3 Bencack & Wiicos ¥ : | o hold down the 1920 oll prodction 1o Consolidation ‘of rilroads ‘inio Ia | distinguish the eventua] objectives. In- The exchange ruled that transactions| 1 Sire view i | the ‘1928 level, he brought foreibly 10| units of still greater ‘actusl value ; : | siders know. but the public must still in both the when-iscued stock and war- | - 3 Bid% F, T © 8a . 4 | in hundreds, ; the country's’ attention tne guestion | (which provided the basis for increased ) hazard a guess. Under the eircum- rants must be settled June 20, 1 Bright, Star o Aeractie Matais 11l 18 st | whether or not present-ray busiress |rates). should mot be encouraged un- | stances, good profits should be seeured Among the stocks which displaved R e 1itd ) 4 Con Tun & Drain n Y needs a modification of the Sherman | less a"‘""z"‘i‘p‘.“““ b?a" additional aafe- | | rather’ than scorned. extraordinary strength and touched new | 3 BrroChnmes’ 4 s a8 13 Eons Cop. Miner % | ach, | guards of the public interest in rea- | | FENMEL T = : : Fion Gon Gold ... | i { Ohio-Edison, The rise in these was| 20 Buf, Nisg & EF A 1 3 Goland Cons . i % |sign causes less gasoline to be used. Nevizae Aliance.) : / SHANGHAT, June 15 (#).—The min- Y. &, outimistion of the pravious | 3 BuFmLSET it olf eiie o] 8 Hed el wde 1g | e e e ol o, gaoeine, | S Y | : : ister of ‘Commmtros of {hs NANKIng ¥- $ e £ Tron ‘Cap Copper - er cen cTude e. ; : On the oifier hand. Middle West | 1 BUICT Bt e o IR {52 aguinst only 40 per cent ave yesrs| CHICAGO DAIRY MARKET. | S Utilities reacted several points and $Gan Marconi W v 4 e i o 3 , June 15 (#.—Butter— uction in the import tariff on motor realizing retarded Consolldated Gas of | J Sanital Admin A pid 35 2 3 Nowmant” Seimins 200 }"";-mnk of an airplane with & Diesel Unonanged: receipfs, 20113 fubs Alva J. Strandberg of Kansas City, a broker who i« retiring a millionaire | {rucks and chasses of from 22 to 107, Baltimore, Northeastern Power, East-| ; Gelan Gor Am o i1 St i 351 | motor fiying from Detrolt to New York | pirMICEr - FrORIn, 0 frete, | Tithout ever having put a dollar into marginal Investments. per G:nt,}hneugn ?nn:il:urmthznwmu; el tes Power “B" 1geian.C Am 15t pfd : s 53 3 .85 worth of fuel ofl. g PEL : 8, . | &n -important step in the direction of it i B Ao 4 Sont" 4% g e "vie 1112 | o g O e T 6 question that the con- | 20%5830; firsts, 29; ordinary firsts, 27a | BY the Assecisied Press. | more than a millionaire. He is selling | further development of the Chinese au- H H exceptional recuperative powers. how-| 3 Gent Bup 8 A L1l . sioe G » | sorvncion ‘ot "oft s tled up very closely | 281.: storage packed frsts, 30%:| KANSAS CITY, June 15—A broker | his interest in his Kansas Gity firm for | tomobile market, in which trucks are a » 360 States B1 L T1ia 10N o S n of gas. now bein whose stock business made him a mil- | $1,100,000. | most. important ‘actor. A het o e to il | LS o SR et sl ; t Anthony Gold |t e oy o R e West 1 | *t0rage Packed extras, 31. | Mcmsatee 5 Tetiring withour ever having | © As & PAHting thought. Strandberg an- | "The action is considered alsn a atep St. Regis Paper was less prominent 62 Gities Ser n o L. " | & scandalous WAy. Poultry—Alive. weak, receipts, 4 cars; made a dollar on marginal investments. | nounced that “a brokerage business,|in the direction of preparing conditions than heretofore, but held most of its JSttes Ser pld ... 3 Unity Gold : Conserve the gas and ofl will take | fowls. 26: Springs. 38: broflers. 34a35: Pulsating stock tickers have been Alvnl properly conducted, is safer than bank- | for foreign makers to erect assembly gain '3 Eohn Al hars 113 Windon “Con oare N Jteelf 1n the growing sentiment. | T00sters. 20: turkeys. 32a30; ducks, 174 | J. Strandberg’s companions for nearly | ing.” That has béen the motto of his | plants in China, this development being 3 Commonw e INDEPENDENT OIl, 8TOCKS. | | 20: Spring ducks. 28: geese 15; Spring | 30 years. 1In 27 years, since he quit | house. All his partners and employes | dependent upon low duty for un: Re Miscellaneons Sections. Commony_E« |in hundreas. Donald S. Richberg. Chicago lawyer, . 28, | job at $125 a month, he has become | always have pledged never tn buy one sembled cars and parts. Gommon 8o war. il | $7Am Con Oilfids Movements in the general miscellane- 3 Cons Atreraft:. 1 : An S iR : ous sections were mixed. Monigomery 3Cons Auto Mer vie.. Ward ‘rights to subscribe to additionsl T T 1 ; B Gosgen Q[ common were listed and sold initially at | 1 Consol Film 4 3 Gosden o1l 155 and then lost a point. American 13%?-91' Oh‘:lrl‘:. % o8 T L ER Cyanamid “B" was active and higher SRl e i while Pennroad was traded in briskly 3Cons Theaters ) 1 Houston, Gulf G ‘without much {ation in price. Avia- :gon‘r’x'l"m.n‘nll:'r::"flmr ¥ -4 tion stocks while quiet showad moderate | | Gooper Besse Brd A.. 4835 3 Leonard sy mataly Ol ol bt 1 Gbron B 41t § Nere entry Safety Control ther as i did Investment Trust issues and Mar-| 1} Gosiiae airpore vie. 11/ | 16 New Bradtord coni International Marine sdvanced to 8 Curtiss Flying Serv 1 Pac Wes Reeves... the best price of the week. o N S obtoR 4 ,},:‘;‘,E’:’;‘ ol 1 Paragon Ref vic.. 18alt Ck_ Prod . 1 Texon Ol & o 3 } Baltimore Markets : . e T TR U o 0. | Salesin STANDARD OIL 1SSUES AND FOR- @pecial Dispaich to The Star. SR end i . un‘l;;.Anll]lnlAflvfiD.l’:lfi—una‘:KB i — - fd. ... 101 ./ ) { td ol a45: Leghorns, 26a34: poor and thin, 2B P’ Cor. 25a28; old hens, u-zn: m 26 31 Brans Wall 1 230: old roosters, 18a20; ducks, 20a25; rios Finish ... 113 guinea fowls, each, 50a1.10; pigeons, 2 Fairchild Avhunn":; ::.' 3 sodaiadtes TE S ALLE ... O the court it’s -~ 35¥a, T pair, 35a40. $ B Metale” i Eggs—Receipts, 904 cases; native and| 3 Federal Water nearby firsts, dozen, 30%;. | 8Pt stk deb Butter—Good to fancy creamery,| 29 Flat rett .. 43a46; ladles, 33835; store| 3 Fokker Alrp Am 3 % | Salesin 2 + rolls, 31a33; process butter, 3 Folts Fiaher 0 2 : e amseaw g 9 Pord Mot Ltd. ,A“l" D" 28, R ' : ST i ”v;m new’ ;E::um:ar:u nfls-}lfi‘: 4 Bon e T R i T sweet potatoes, bushel, 1.5022.25; yams, 4 Gen bushel, 1.76a2.00; * asparagus, doren, e X 1.00a8.00; ‘beets, ‘100, 3.0084.00; beans,| 1 Gen bushel, 1.5083.00; cabbage, hamper, 40a 60; carrots, 100, 3.0084.00; celery, crate, 1.5024.00; corn. bushel, 2.0082.25; cu- eumbers,” bushel, 1.00a3.00: eggpiants, crate, 2.0084.00; iettuce, bushel, 50a1.25; lima beans, bushel, 3.50a4.50; onions, dm: crate, 1.75a2.15; peas;, bushel, 50a1.50; e aait), 298 Spring onions, 100, 1.00a1.25; radishes, 1 G A & P T C nop vic 368 100, 1.50a2.00; squash, hamper, 1.25a1.50; ifith D W A..... S . peppers, crate, 2.00a4.00; spinac) Sy Greacw 3 M T | bushel, 30a75; tomatoes, crate, 2.50 elena . Rubenstail . 4 d00: apples, bushel, 1380300, et iram Walk G & W E berries, qu: a15; cantaloupes, crate, & Be 1508475, cherries, pound, 6818; grape- | 3 Houste Food Brod.. s s 307 | fruit, box, 2.2584.00; oranges, box, 2.00a | 1 Insur Shares A. 4.00; strawberrles, quart, 6a1234; water-| 3 Intl Broject n.. melons, 35a60. 11ntl Shoe. .. & Intern UHl A 16 Intern Wl B ACTION OF RAIL ISSUES - | 't gt e DISAPPOINTS TRADERS| :Eausisais .. By the Associated Press. RKobacker ‘Stores NEW YORK, June 15.—Thus far 1 Kolster-Brandes . Wall Street has been keenly disap-| 3§ Lake,SEBer Oy - H g sasseeedisiisadita 131 sazwgsedisiianiiiag 2991 SecsunBla 990007 20 ot S g o o gt s B0t e 20 ZRETO 98! - st 58, 5 3 5882 pu=cyg) irest T a P & L 58 54 arlock Pack 6s ' Fineau Bow 5s 8. atinesu Pow 68 '4 en A Tny A ww 83 en Ind Ale 6'5x “44 Georeia Pow s 1.0 pointed by the action of the railroad | 1 Lake Begant 24 B! g shares since {he handing down of the 36 %x’fga ?fm i 'Fallon decision & month or so ago. ; ‘4 4 g WL The. convicition s growing that the i 1 Hooton' & ¢ cmi:er stock cannot be much longer ;{;’";‘:" *c S neglected, it heing pointed out that [PEaiis Oup. . public utility stocks, which are looked | i Londen Tin rete: upon as subject to quite as much regu- 3 Mai okl ) £ Q0! Stores - lation in the matter of rates as the 3 Manaen b railroads, have been the strongestgroup | '3 Marc Wire Lond B in the speculative market. Inasmuch 1 Mevis Bottling 2s the railways do not have to fear | 2 Mayfiower Aste.. ; ery slretm.v fur:hztl; ‘;flm-un at recap- ;u"'" 1,0 &8 prd ure of a part of their sarnings, belief etro Chain Strs is thay gresier operating economies will | 3 Midiand Roalty" 5ia 29 ’be effecte “wmch should pave the w: 1 Miller ") h“iov'\n“: o {or more liberal treatment of stoc 3 Minne Hon Reg . 16 Mohawk Hud P . Many of the better grade rails are| 1 Mohswk Pow ait now covering present dividend require- Bl TR ments by a margin which would readily | 173 Momcion rer rie permit_higher dividends and et keep | 3 Motor Meter Gaug them within the hounds of conserva- S paicinel e tism, 2 Nat Aviation ... 3 Natl Fam Sire . 2 Natl Food Prod A CHANGE IN G.OLD FLOW T NAt poa e IS CAUSE OF COMMENT| & %n e ™ Clock | Br the Associsted Pross | New Haven Clock NEW YORK. June 15 Aside from | ipsats Shares pointing out, that current, high money il £ rates have not exerted any great re- n Ofl 8'ue '39 . e 237, 2% 2 . 0 1 straint on business generally, though R 3 b wift & Co 58 '32' . 297 gdmitt.z nay the condition’ nax Jn- | 1 Stinde SHih ; A O ol ed considerable slackening in con- ui otors on “Am 1w ‘8 . : struction activity by unfavorably af-| b Suipoti otors ; R o0 P VG T § o ing ;he'hh"ng' l:lfk?!. the June bul- SS Y 30 1 > etin of the Federal Reserve Board u : deals chiefly with the effect of these | 3 baliocion Sareent *1 Ve & Bpu"se A conditions on the trend of bank credits. | 3% 1 C Pennes d Co rix 203 208 20! 1 Weoster M1y 4y ’ Those who are expecting a definite 3 Penn A ] L aWest Pow Blas A '57133% 133 u ) ’ S on 25353252 2299 o5 T e ot 2% wsheen 7 s She! 6s '20 cigarette it’s i Sogaaeanasgansans Jganan caga. 2gaq 48 Penn . . el Sales ir ghange in_ihe Reserve money polis s Benn 2% 10207 0% | Bothehas. POREIGN BONDS. §ood deal of significance fo the change | 13EShR O B¢ 2 war.. 8.1 i1RALeR ¢ !}t“ Tolfl mo:errl\em and the strain L1 l;enn"i‘ld C;\r?_ vl(A {g:}::x: fi:fi: 1%s on forelgn central banks to protect| i Bed or 10 86 v ACR G Rth an B B their Teserves. These conditions, it 5| } beriecs, Olfcle .- LA | '] Danuig Port 838 '53. . maintained, can only be mitigated by | & Beirol Gorp st bi.: 2 Elee Pow Ger 81,63 easier credit conditions here. Ehillp Morris : 3 Bleo 8 prus 6 520 B MILD and yet THEY SATISFY 2283353 Dacember Mareh May .. SERRRRRE 3zm3227 NEW YORK. June 15 (Special) e i jus:rf-f“;::."li:fi "-N‘-,:: a July lquidation i ed. re ; (o 3 3 1 Mor Bk Bogota d . y liq ncressed. Spots were g i 3 sweetness . . . blended and “cross-blended” to i Fora Rin"Bey ¥ . bring out just those shades of flavor that make 7 Siie o 1 e me B B4 a cigarette . . . 18 Gt Ber e A = % With taste so clearly the ruling thought through the week 174 1o 1% lower. July, 81'; . Y | . N ", . & Sons, ‘died in a hospital 3 B TV Db be Pog. & i it el sndl FINE TURKISH and DOMESTIC tobaccos, not only BLENDED but CROSS-BLENDED Oats had an irreguler irend. ‘The Cogme - B 2 mark made his debut as “the hoy | ¥ : 3 ; e week % o Jower. duly. 441y 5P AN 3t R N belladist” in 1885 with the """"’"’l ; Beptember, 43's; December. 453 to Vo ing Sec pfd wi.. I Primrose and West Minstrels and m §1929, Lisarrr & Mvrns Tosaces Co. " Y, " W2 : 3 . Philippe (Louis) A1l 2011 2 IR R e 5 ; TAS T E b th hilippe (Louls) B . 2 SN s 008 51 S35 ; ” 0”8 e”e’y zn 3 T ‘4 reduced by a point to 18.80. I e G, h ni Ind 6'%:5 41 Provisions were weak with corn and meCRrls Tl 1352 337 1. that time until he left, the stege in COTTON CLOSES LOWER. et i T A {aer Cont Min 1447 Ger, Sons Mun 8 41 Tobaccos chosen for their richness, deli- Cotton range: kland Lt ] Ruhr Gas 628 A Son it 2% 108, 10 jopExaivdene. every step of manufacture, isn't Chesterfield” he was noted a3 iits et % TBan cacy, and aroma . . . aged for added ripeness and Close. reveit 4 Rumanis Inst 78 A9 T . ‘hulte Un 5s-31 Str. Schults Un Secsl § Party extra o WHEAT CLOSES HIGHER. }i:.,l,,,“,g.,“.:.:&'_‘m 11/ us 3% Cin stock steady popularity just the natural result? CHICAGO. June 15 (Special).—Trade | 33 Sentry Safery Control Z| Gk o5 stack § was slow, but with an undercurrent of | % Serv Bl vic oo NS srhued firmness on the Chicago Board of Trade | 1. Sifver T ABros pid. 108 * 108" 108 ' | Bw Nwith warrents ¥ today. Moderate-sized orders quickly | 3 Skisner Orsan ] B errents. affected the trend of prices. Whea N“ulh!lll" P&L. 4 135 —— - e closed Y4 to % higher. and for the week [ 39 Southe P&L war.. Musie Publisher Dies 1'a to 1), lower. July, 1.08 to 1.07% e . 2 L September, 1.12% o December, 8o NEW YORK, June 15 P).—Julius P A | i 117% to %. rod. .. Whitmark, 58, viee president of the Oorn clased % 1o 1 lower. and for X3 v 4" | musie publishing house of M. Whitmark