Evening Star Newspaper, June 17, 1929, Page 13

[ C.&P TOEXPEND Mbney Will Be Used for Im- | provements in D. C. and : Vicinity. BY EDWARD C. STONE. Looking forward to the expansion of telephone service, continued the Chesapeake & Potomac Telephone Co. | will expend _about District of Colum- bia, Maryland, Vir- inia and West irginia for addi- tions and improve- ments during the next five years according _to & statement made by A. E. Berry, presi- dent. The Chesapeake & Potomac Tele- phone system now operates 302 cen- tral offices with A pprox imately 600,000 telephones $78,000,000 in the ~Prev. 1920~ Stock and High. Low. Dividend Rate. 547 3814 Abitibi Power & Pap 8 8 85 Adams Exppf (5)... 3 27% Adams Millis (2). b 27 Advance Rumley. 32 40% Advance Rumley pf. 22 2 Ahumada Lead.. 4 95% Afr Reduction (13).. 76 37% Alrw ec (2%) 8 413 Ajax Rubbe . 41% Alaska Juneau... 12 Albany P W P'aper. . 37" 7% Alleghany Corp. 105% 991 Alleghany C 100% 100% Alleg'y pf rets(51%). 105 86 Alliance Realty(ft | 305% 241 Allied Ch & Dye (6). 5 120% Allled C&Dpf (7).. 166 Allis-Chalm Mf (7) 57 Amal Leather pf ¢ Amerada Corp (2) 10ta Am Agricul Chem. 4« 40% Am Agricui Chpf... 4% 110 Am Bank Note (13).. 7314 40': Am Bosch Magneto. . 62 45 AmBrS&F (h1.60). 34% 154 Am Brown Bov Elec. 104 49% Am Brown Bov pf7 151% 107% AmKCan (14 . 396 142 139% Am'Can pf ( 2 106% 92 Am Car & Fdy (6). 3 46% Am Chicle (2). e Am Com Ale (k1.60). 63 5 Am & For Power. 120 88 Amn & For Pw 2d pf.. 241 Am Hawaiian (1), 8 38 Am Ice (13)... 60 Am Internat (2).... 49 AmLa F & Foamite. 1 Present forecasts show that the will be about 72 s 000 telephones in service at the end of 1933, For the five months o present year there was a gain -! 2 telephones in service. This is the largest growth n any similar period in the fompanies’ history except the abnormal | war gain in 1918. From the present ndications, this rate of growth will be | maintained throughout the year The construction program _includes for land and buildings, gross expend- tures of $8.000,000: central office ¢ ment $17,255,000 excha $24,457.000; equipment on premises. $20. 508,000. A number of large individ are inciuded in the five-y Fourteen new buildings and eleven ad- ditions to buildings will be erected house central office equipment and for | other purposes. These include additions | to two existing buildings in Washington four new buildings and additions to two existing buildings in Baltimore; also three new buildings and three building additions in other Maryland citics. o one new building and a build- Kx‘:“?a‘anmn will be erected in Rich- mond; also one new building and two bullding additions in other Virginia cities. In West Virginia, five new build- and one building addition are con- lated. R e xpansion of the companies' toll | line system is an important item in the program, due largely to the great in- crease in the use of such service in the past few years. In expectation of a con- tinuation of this growth, approximately $6,620,000 will be expended in additions and improvements of the toll line plant. Much of this will involve the substitu- tion of cable for open wire to protect the service against interruption from storms. Ellis Expert in Bond Field. | anklin H. Ellis, the new Bond Club prersrident. has been a resident of Wash-y ington for some 30 years and manager of the local office of E. H. Rollins & Sons for the past 10 years. He was born in Cincinnati. He went with the Rollins firm in 1916 in the New York office, originally having been in the contracting business. He took his pres- ent position at the close of the Worid ar. wM.r. Ellis was one of the organizers and first directors of the Washington Bond Club. He has taken great in- terest in its progress and during the past year has held the office of vice sident. ,r;ledbclon;s to several of the leading elubs in the city, among them being| the Chevy Chase and the Metropolitan. In his new office he succeeds Kenneth S. Wales, who has had an unusually successful year at the head of this growing organization. Convention Guest List Grows. uncement that Gov. Roy A. oot {he Federal Reserve Board| will be among the guests at the D\s-; trict Bankers Association convention | which opens next Thursday at Montauk Point, has caused gencral satisfaction | among local bankers. ~While Gov.| Young will not be asked to make any address he will, of course, be present at | one or more of the business sessions and be given an-opportunity to make any suggestions which he may care to extend to the gathering. | *Gov. George J. Seay of the Richmond Yederal Reserve Bank will also be a guest of the association and George Keesee of the Richmond Bank has ac- cepted an_ invitation to attend. E. C Graham of Washington, who is a direc- tor in the Fifth District Reserve Bank, is listed to attend. Arthur Brisbane, who has & fine home on Long Island. has also agreed to drop in at Montau Manor while the convention is in ses: ston. ] Heard in Financial District. ‘Edward J. Hillyer, vice president of Franklin H. Ellis. 9 | r progra the Union Trust Co.. and vice president | 330 of the Washington Stock Exchange, has sufficiently recovered from his long ill- ness to get back into the financial dis- trict. He has attended several recent directors’ meetings of various organiza- tions. He plans to leave for Maine soon to pass the Summer near Bar Harbor. Richard Hatton, financial editor of the Washington Herald, has returned to the city after attending the re- union of his class at Princeton. Class- | mates came from as far away as the Philippines and Sumatra to be present. The reunion was a complete success except that Yale won the base ball game, although Princeton won at New Haven a week ago. Safeway Stores, Inc. feports May sales of $17,195842, against $8,285,195 in the corresponding month a year ago, an increase of 105.55 per cent. Sales for the first five months of 1929 amounted to $75,924,630, compared with $38.406,545, a gain of over 97 per cent. The Real Estate Mortgage & Guaranty Co. reports net earnings for the 12| months from June 12, 1928, to May 31, 1929, as $304,577.93, which officials con- sider a particularly satisfactory showing. The Terminal Refrigerating & Ware- | housing Corporation announces that Er- | nest M. Merrick has been made man- ager of perishables distribution. | 1267 102 | 320% 284 Am La Fr & Foam pf 708 2 23% Am-Locomotive (8).. 1191 114 Am Loco pf 188% 1474 Am Mch & 1161 108 Am M&F pf xw (7) 50 Am Metal (3).. 9 67 Am Nat Gas pf (7) Am Planopf...... 814 Am Pow & Lt (§1). 98% Am Pow & Lt pf (6). 70 AmP&LDLA(3). 40 Am Rad &S S (1%). 1 Republics....... 1 Mill (¢ tv R 114 1101 &5 943 #0 23815 14 188 1601 121% 116 155 136 Am umatra (3)..... Tel & Tel (9).... 112 Am Tobacco B (8)... 1 Am Tobacco pt (6)..: 1 Am Type Fdry (8)... 1 ‘Am Water Wks (c1). 386 18 Am Woolen. . P 43% Am Woolen pf.... b 9 Am Writ Paper ctfs. 2 241% Am Zinc Ld&Sm. 66 99 Anaconda Copper. .. 1740 62% Anaconda W&C (3).. 2 44% Andes Copper (3) 335 29 Archer-Dan-M (2)... 4 85% Armour Delpf (7)... 6 1052 Armour I11 (A) .15 5% Armour I11 (B). Sk 27 Art Metal (1%) 1 49% Asso Appl Ind (4). 5 70% 43 Asso Dry G (2%) 11 226% 195% Atch T & S Fe (10) 27 3 Atch T&SF pt (5)... 2 Atl Coast Line (10). 5 5314 Atl Refining (11%).. 613 10% Atlas Tack. S 297% 221 Auburn Auto (j4). 11 515 Austin Nichols. ook 32 Austin Nichols pf. 2 2215 Autosales..... 2 Sales— : Add 00. High. Low. Close. Close. 14605103 THE EVENING Prev. 45% 41 86% 85% 31% 31% 42% 40 41 61% 60 61% 2% 2 2 2 7437% 140% 143% 140 42% 42% 421 42% 5% 5 3 5% 614 614 6% 6% 18 17% 18 854 B4% 4% . 43% 85% 31% 40% 8614 304 39% 60 6 100% 1001 100% 100% 100% 100% 100% 100% 105 105 105 105 298 287 297 200% 1224 122 1224 121% 21412 209'3 2143 206 56 56 56 59 26 25% 254 26 1215 1% 121 11% 46 43% 45 424 130% 129 129% 127% 54 B3% 5315 53% 54 %, b4 5214 32 811 31% 31% 102 102% 102% 14415 140% 143 141% 13915 1391 139% 139 98 98 98 7 B7% 56l 56% 52 B0W b1 107% 104% 106 3" gz s 34u 344 44 45 64 64 5% Bl 62 624 1204 121% 115% 133 1L 163 160 1 109 109 109 59% 584 58% 41 T4 Td 5. M85 88 g 126% 128% 124% 1 100 108 99% 3% 73% 3% 46 45 46 51 49 50 114% 112% 112 BT 5174 106 649 110 68 68 TRY TBY THN T 40 40 40 40 214% 212% 214 212 17215 1721 17214 172% 116 116 116 116 144 144 144 145 138% 1325 138% 132% 19% 184 181 18% 4% 44 44 adan 42 a2 42 amg 323% 30 _30% 29% 113% 110% 110% 110% 64 64 64 63 547 53% 53% 53% 82% 82 32 32% 8612 85% 86% 854 1% 1% 1% 10% 5% 5% 6% b% 27% 27% 27% 28 58% 57 B8k 57U 50% 49% 49% 50 2231 217 217 217% 102 102 102 1024 188 187 188 185% 2% 69% T1% 691 18 18 13 18% 288 285 285 290 6% 6 6 6 39% 39% 39% 39 31% 31% 31% 31% 110 68 110 68 12 e . 508 423 1 114% Baldwin Loco pf (7 115% Balto & Ohio (6).. 80% 75 Balto & Ohio pf (4).. 110% 106% Bamberger pt (6%). 30s 767 642 Bang & Aroos (3%).. 58 33% 26 Barker Bros (2). 2 291, 7 Barnet Leather 491 38% Barnsdall (2) =8% 20 BeaconOil...... 17% 11% Belding-Heminway 847% 81 Belg N Ry pt pf (16). 931 78 Bendix Aviation (2). 93% 75% Best&Co (3).... 118% 82 Bethlehem Steel (4) 123 116% Bethlehem St pf (7). 136% 110% Bohn Al &Brass(t4). 8915 7812 Bon AmiA (15) 11% 6 Booth Fisheries 98 83% Borden Co (3) 143% 107 Borg Warner ( 109° 85 Boston & Maine 30 : 5% British Em $tl 2d pf. 81% 60% Bklyn-Manhat (4)... % 421 Brockway M T (3)... 200% 170 Bklyn Union Gas (5) 51 381 Bruns-Balk-Col(3) 18 Bruns Ter &Ry S 25% Bucyrus Erie (1) 38% Bucyrusecvpf (2%). 112 Bucyruspf (7).. 54% Buff & Susque 46 Bullard Co (1.60) 22% Burns Bros B. Burr Add Mch (15) 891 56 Bush Term (g2) 110% 103% Bush Term deb (7).. 118% 110 Bush T Bldg pf (7).. 10s 9% 41 Butte Copper & Zinc. 1 12% 6% Butte & Superior (2). 5 41 28 Butterick Co. 3 Byers (A M) 8 104% By-Prod Cok 5 52 25 13 1n7 116% 1141 116% 114% 122% 121 121% 121% 5% 5% T5% 75 104 104 104 105% 6% 74 % 3% 27 27 27 26 10 10 10 8% 42% 41% 42% 41% 28% 27w 28% 27 12% 12 12 12% 83 83 83 84 85% 84 B4 84% 85% 83 85 83% 107% 105% 106% 106% 118 118 118 118 117% 117% 117% 118 8413 B4% B4l 844 6% 6 6 6% 87% 86l 8T% 86 117% 115 116% 113% 105% 105 105% 105% 36% 35% 35% 35% 3% 3% 3% 3% 6% 6% 64 5% 64' 63% 64l% 64l 52% 50 524 50 185 181% 184% 181 41% 39% 40% 394 19% 19 19% 19% 31% 29% 30 30% 425 42% 421 42 115 115 115 112% 60 60 60 60% 49% 49 49% 491y 24 24 24 28% 802 302 802 303% 60 57 60 56 104% 104 104% 104% 115 115 115 115% 5% 5 5 5 7 7 7 32 31 2 331 138% 134% 134)% 136% 123% 120 120 120 pbdiioer Sty 721 Calif Packing (4) 8 . 50s 12 60 818 ) 26% Calif Petroleum. 124% Calumet & Ariz (10). 617 36% Calumet & Hecla(4). 90% 78 CanadaDry (14%).. 65 2657 218 Canadian Pac (10)... 49 481; 38 Cannon Mills (2.80).. 2 20 Case (J 1) ctfs (6)... 11 vanagh-Dobbs 2 lotex (3)... 4 nt Alloy Steel (2). 28 305 Cent RROfNJ (t12). 17 88% Cerro de Pasco (6).. 62 *hes & Ohio (10).... 21 hesapeake Corp (3). 8 *hi & Alton.. - B *hi & Alton pf. ... 4 *hi Great Western 9 “hi Great Westn pf.. 7 “hi Mil St P&Pac. 25 ‘hi Mii St P&Pac pf. 65 hi & N W (4). 112 13 5 ChiRI&Pac(7).... 35 1081 105% ChiRI&Pacpf (7). 1 *hi Pneu Tool. ... 3 “hi Preu T pf (3% 2 “hi YeJlow Cab (3).. 208 ‘hickasha COfl (3).. 3 *hilds Co (2.40). 1 “hrysler Corp (3)... 80 ity Ice & F° (3.60) 6 ity Stores (1) 2 ‘luett Peabody (5).. 4 ‘luett-Peabdy pf(7). 208 “ollins & Aikman. 21 ‘olo Fuel & Iron..... 15 ‘0lo & South (3) 4 ‘olumbia G&E (2).. 100 olum G&ISpL A (6). 8 ‘olum Graph (29.1¢) 119 ‘olumbn Carbn t4%. 96 B2 (C 40% « 260 120 230 19 104! 6% 5% T5% T6% 26 95 26 2 133% 131% 131% 131% 44 48% 43% 48% 90% 87 87 90% 238% 230 231% 230 38 38 38 38 33414 325 3341 328 24% 24 2415 25 60 58% 60 59% 45% 45 45% ddn 324 315 220% 309 102% 100% 100% 101 221 218% 221 216 85% 854 85% 85 13% 131 134 1% 18% 14 15% 43 43%" 5 321 5215 51% 318 18% 15% 43% 338 3 52% 514 86% 84% 86% 84y 126% 125 126% 124% 105% 105% 105% 105% 341 344 344 33% 5l1s 5l 51% 51w 80 30 30 29 38% 38% 381 38y b4%; 541 5415 54 T 4% 6% T4% 51% 51 51 50% 21% 21% 21% 214 $1 61 61 . 61 105% 105% 105% 107% 64 5l 54 51 62 60% 63 62 110% 108 110'% 108 3% 2% 2% 3% 106% 106% 106 1064 60% 59% 59% 59% 176 170 173 168% 155 424 33 ~Prev. 1920~ Hish 647 164 10% 126% v 4% 92 287 1981 119 1007 1191 301% 118, 90 11614 135 110 £914 ats, 1261 52 a1 18% 8614 126% Low. 4315 130 8% 105 2% 62 20% 155% 115% 9913 168 56 126% 109 1% 4313 105 77 3% 68 47 2% 314 64 136% Stock and Sales— Dividend Rate. _Add 00. High. Low. Devne & Ray A (13). 18 Diamond Match (8) .. 208 Dome Mines (1)..... 22 Drug Corpn (4)... 23 Duluth SS&Atl.... 2 Dunhill Inter (34 3 Duplan Silk (1) 1 Du Pont de N(1415).. 51 Dupontd Ndeb (6).. 5 Duquesne 1st pf (5). 1 -E- Eastman Kod (18).. 1 Faton Axle & S (3) 7 Bl Auto-Lite (144). 136 Kl Auto-Lite pf (7).. 108 Electric Boat. . 6 EIPwr&Lt(1)..... 67 El Pwr &Lt pt (7) 3 Elec Stor Bat (5).... 17 Elk Horn Coal....... 1 ¥ndicott-John (6)... 1 Eng Pub Serve (31).. 73 Eng Pub Sve pf(5%) 1 Equitable Bldg(2%). 7 ErfeRR... 226 ErieRRIstpf...... 7 ErfeRR2dpf....... 9 Eureka VacCl (4)... 5 Evans Auto L($2%). & F- Fairbanks Morse (3). 2 Fed Lt & Tre (11%4). 3 Fed Lt & Tr pt (6).. 408 Fed Motor Tr (80¢).. 6 Fid Phen FIns (2).. 4 Filene's Sons. . 4 Fllene's pf (634)....130s First Nat Stores 1%. 11 Fisk Rubber. 61 Fisk Rubber 1t p; 2 Flelschmann (+315). 400 Follansbes (1214). 11 Fox Film A (4) 76 Freeport-Texas (4).. 8 Rt Gabriel Snub A. . Gardner Motor. Gen Am Tnk Ca Gen Asphalt. . ironze (2). n Cigar (4) tric (16) spee (60c). pEA (5). 108 . 1008 Gen Motors pt (7). n Outd Adv A (4). n Outd Ad vte (2). n Ry Signal (5). Gen Refrac (1334)... Gillette Safety R (5) Gimbel Brothers. ..., Gimbel Bros pf (7) Glidden Co (11%). Glidden pr pf (7). Gobel (Adolf). . Gold Dust (23%) Goodrich BF (4 Goodyear Tire (5). Goodyear 18t pf (7)., Gotham Silk H (2%) Gould Coupler Graham-Paige. . .. Graham-Paige ct. Granby Consol (7). Grand Stores (1) . Grand Unlon.... Grand Union pt (3).. Granite City Sti(3) irant W T (1). North pf (5) . 49 orth pf ct (5) 5 or Ore (a1%4).. 14 Grt West Sug (2.80). 9 Grt West Sug pf (7). 10s Greene Can Cop (8).. 32 Guantanamo Sugar.. 1 Gulf Sta Steel (4) 5 -H- Hackensack W (1%) 20s 33 184 15 % Hahn Dept Stor 4 Hupp Motor (£2). 4 Indian Motor Cycle 4 Intl Mateh pf (3.20). % Intl Pap & Pwr B 4 Inter Dept St (2). 215 Johns-Manville (3).. Hahn Dept S pf(6 6 Hamilton W pf (6).. 20s Hanna (M A) 1st(7).200s Hartman B (1.20) 8 Hawallan Pine (2)... 1 Huyes Bdy (b8%stk) 28 Hershey Chocolate.. 5 Hershey Choc pf (4). 3 Hershey Chprpf(6). 1 Hocking Val (10) 308 Hoe (R) & Co. . 5 Holland Furn (e2%). Hollander & Son Homestake Min (17). Houd Hersh B (1%). 110 Houston Ofl......... 8 Howe Sound (4)..... 20 Hudson & Man (2%). 12 Hudson Motor (5)... 67 30 45% 143 10% 110% 3% 62% 21% 175 116 99% 174 63% 160% 118 12% 69 106% 8214 3% 694 6% 96% 3% 22% 64% 611 50% 61 A1 993, 100 141 95% 68 101% 69% 8% 49 87 65% 88% 45% 27 14 87% 75% 108 33% 81 55 102% 51% 62% 82 123% 101% 46% 10% 32% 26 8% 861 23% 45% 44% 119 110% 106% 29% 35% 113% 167% 3 61% 25% 3% 99% 102% 96 23% 65 45% 89 92 106 450 2244 35% 18% 725 47 83 6815 40% 851 45% 4 Tllinois Central (7).. 17 Independ OIl & G (2). 48 1 Indian Refining 2 Indian Refining ct... 63 Industrial Rayon. 6 Ingersol Rand (5%). 8 Ingersoll Rnd pf (6). 30s Inspiration (4).. 61 Interboro Rap Tran.. 6 Intl Agricultural. 90 Intl Agri pr pf (7). 2 Intl Business M (5).. 14 Intl Comb Eng (2)... 265 IntICmb Eng pf (7). 9 Intl Harvester (2%). 49 Intl Harvpf (7)..... 2 16 3 Intl Mer Marine. Intl Mer Marinepf... 6 Intl Nickel Can (80c) 210 Intl Pap & P A(2.40), 23 27 Intl Pap & Pwr C.... 132 Intl Pap & Pwrpf(7) 2 Intl Print Ink (2%).. 1 Intl Ry €n Am pf(5). 60s Intl Tel & Tel new. .. 185 20 Inter Dept Stpf (7).. 1 Intertype (ft1%).... 1 Island Creek pt 104 138 364 21 47% i 82% 146 115 46% 24 9% 68 194% 63% 101% 106% 140 83 4% 42 49% 30% 17% 18% 861 5l 70 85% 73% 127% 32%% 105 —_— 38 Jones & Laugh pf(7) 208 JordanMotor Cer..... 20 City Sou (5).... 18 n City Sou pfi(4).. utmann DS (1%). Kayser J & Co (5). Keith-Albee-Orph. Keith-Albee-O pf (7) Kelly-Spring Tire. .. Kelly-Spring 8% pf.. Kelsey Hayes (2). vinator Corp. Kennecott (5). ? Kimberly CIrk(2%). Kinney (G R) (1). 3 Kinney (G R) pf (8).1308 Kolster Radio....... 12 Kraft PhCh (1%)... 6 Kresge S S (1.60).... 29 Kresge Dept S pf.... 208 Kreuger & Tol(1.34). 214 Kroger Gr&Bak(c1). 46 178% 118% 8 88% 65'5 26% 82 32% 105 16% 74 49% 16% 871 47%% 348, 101% 2815 491, 49% 6914 8% 87 4 44% 143 9% 108 3% 62% 21% 168% 116% 9% 174 6214 155% 118 12% 6834 105% 82 3% 69% 56 963 39% 9% 64 61 50%. 59 414 991y STAR, WASHINGTON, ~Prev. 1929 D. C, MONDAY, JUNE 17, 1929 .~ High. Low. 18 55% 108% 25 54n 90% 72 34% 27 69% 54ty 107% 39% 5% 314 28% 40 100 87 55 107% 964 138% 80% 1567 8 8% 6% 50y 25% 18 206 48% 81% 61% 9% 118% 215 3915 48% 71 205 148% T0% 554 1106 %dll 61%, 17 144 156 6274 5278 1% 498, 204% 145 109% 58% 1104 122 32 +108 114% 4815 218% 87% 130% 54% 103% 64% 114% 12 6% 32 64% 69% 99 10% 359 48% 110 84 40 % 42% 8% 19 39% 80 56%% 20 24 3614 304 85 3014 3% 2% 19% 36% 985 68 4215 102 6214 120 60'% 99 4 3% 3 1214 14% 16% 968 39 42% 504 62 814 186 28Y% i 47% 166% 96 6214 33 67% 138% 42% 6% 111% 101 39% _ Reynolds Tb B(2.40). 49% 154% 62 109% 2% 82 87 20 97 12 Stockand Sales— Dividend Rate. Martin-Parry Mathieson Alk (e2) May Dept Strs (4). Maytag Co (12) Maytag Co pf (3).. Maytag Co 1st pf(6 Melville Shoe (1.40 Mengel Co. ... Metro-G-M pf (1. Mexican Seaboard. Miami Coprer (4) Michigan Stl (235). Mid-Continent P (2). Middle States Oil. Middle States Oil ct.. Miller Rubber. Minn Moline P Minn Moline of 6% M St P & SSM of. Mo Kan & Tex: Mo Kan & Tex pf(7). Missour! Pacific. ... Missouri Pac pf (5).. Mohawk Mills (234). Mont Ward (2%).... Moon Motors. Morrell J (3.60) Mother Lode (40 Motion Pictur. Moto Meter A Moto Meter A ct. Motor Products (17) Motor Wheel (2).. Mullins Mfg. .. Munsingwear (1314). Murray Corp (a3) 1 78 3 10 4 17 461 Nash Motors (6). Nash Chat & St L Natl Acme (1)... Natl Air Trans. ..... Nat! Bella Hess(11). Natl Biscult (6) 72 Natl Dairy ($13%). Natl Distillers. Natl Distillers pf (7). Natl Lead pf A (7). Natl Pwr & Lt (1). Natl Radiator Natl Supply (18 Natl Surety (5) Nevada Copper (3 Newport Co A (3). Newton Steel (3).. N 'Y Air Brake (3). N Y Central (8). .. N Y Chi&StL (6). N Y Chi & St L pf(6) NYNH&H (4).. NYNH&Hp (.. N Y Ont & West N Y Steam pf (6).... T0s N Y Steam 1st pf(7). 30s Norfolk South (2%). 6 Norfolk& Wstn(110). 20 Norfolk&Wstn pf(4) 708 North Am(b10%stk) 218 North Am pf (3). 9 North AmEd pt (6).. 6 No Ger Llovd (3.41). 1 Northern Pac (5).... 32 North Pac ct (5). 15 Norwalk Tire & Rb — e 011 Well Supply 4 Oliver Farm Equip Olivr Fr Ep cv pt(3). Olive FrEqpf A(6). 1 Omnibus Corp. ...... 6 Otls Elevator (6) Otis Steel. Outlet Co pf Owens 11l Glass (4).. P- Pacific Coast 2d pf. .. 60s Pacific Gas & E (2).. 27 Pacific Lighting (3). 9 Packard Motor (15). 194 Pacific Ofl stubs..... 5 Pan-Am Petroleum 8 Pan-Am Pete B. 223 Panhandle P& R. 2 Paramount-F-L (3).. 129 Park Utah (80c)..... 24 Pathe Exchange.... 28 Pathe Exchange A... 3 Patino Mines (3.89).. 15 Peerless Motor Car. . Penick & Ford..... Penn Dixie Cement Penn Dixie Cm pf(7 Pennsylvania RR(4) Feople's Gas Chi (8). Pere Marquette (15). Pere Mara prpf (5). Phelps Dodge (3).... Phila Co (17)..... Phila Co 6% pf (3) Phila & Read C&I. Phillips-Jones (3)... Philip Morris (1) Phillips Pete (1%) Pierce-Arrow A Plerce Oil.... Plerce Ol BL..... Pierce Petroleum Pillsbury Flour (2) Pirelli Co A (2.88). Pittsburgh Coal Pitts & W Va (6). P Rican Am To (A)7 P Rican Am To (B) Postum Co (3). Prairie Oil & Ga Prairfe Pipe L (14).. Pressed Steel Car Prod & Refiners 3 Prod & Refiners pf... 30s Prophylactic (14)...110s Pub Sve NJ (2.60)... 252 Pub Sve NJ pt (6). 2 Pub Sve NJ pt (7). 2 Pub Sve NJT pf (8). 5 Pub Sve E&G pt(8) 1 Pullman Corp (4).... 28 Punta Alegre Sugar. 2 Pure Ol (1%) 54 Pure Oil pt (8)... Purity Bakerles (3). Radio Corp. Radlo pf A Radio pt B (5) 27 Radio-Keith-Orph A. 178 Reading (4). o Reading 2d pf (2) Real Silk Hosfery. .. (R)&Co....... (R)&Co 18t(7).. Remington-Rand.... Reming-Rnd 1st ( Reo Motor Car t1. Rep Brasa Corp. Iron & Stl (4). nolds Spring.... 16 55 Richfield 0il (2)...., 25 Rio Grande Oil (k2). 38 Ritter Dental (233) 2 Rossia Ins (2.20).... 4 Royal Bak Pwdr(1).. 48 Bak P pf (6) 5 Royal Dutch (a1.33 22 e Safeway Stores (3).. St Joseph Lead (13). St L-San Fran (8)... St L-San Franpf (6) 3 St L Southwestern.. 11 St L Southwn pt (5). 2 Schulte Retail Strs 0 Schulte Retail pf(8). 30s Seaboard Alr Line 1 6 165% 50 71% 56 118 94% 89T BO% 20 98 124 52% 6% 20% 40 8115 8314 218 37 88% 48% 188 6 111 0% 531y 106% 138% 53% 8 124% 110 471 491 101% 441 198 140 106% 51% 16 54% 907 8% 2 354 .- 25 41% 10s 110 10 83% 31 62% 8412 132% 1% 57 61% % 65 ) 9% 21 3T 124 54 16% 60 80 274 170 9614 176 40 47 59% 64 137% 81% 341 531 A1% 301 5919 - 68 33 105% 53% 163% 68% 116 9% 881 89% 20 98 12% Prev. Add 00. High. Low. Close. Close. ~Prev. 1920~ High. Low. 8 | 224 14% 181 139% 1104 4 708 313, 4% 116 3T 45 46 16% 56 45 6814 5014 15% 50% kI 10:30 A.M,, 1:30 P.M. laration. 4% in stock. aPaid this in_ stock JPlus 8% in i Anaconda sUnit of trading less than 100 shares. fear—no regular Payable when e £Plus 10% in stock. FINANCIAL. - Stock and Dividend Rate. Seagrave (e1.20).... 3 Sears Roebck ($2%). 47 Seneca Copper. . Shattuck F G (2). Shell Union (1.40) . Shubert Theater (5). Simmons Co (3) Simms Pet (1.60). . Sinclair Oil (1212).. Skelly Oil (2). Snider Packing. E Snider Packing pf 1 So Por Ric Sug t235. 16 Southern Cal Kd ( 8 Southern Dairies Southern Dairies Southern Pacific (). Southern Rwy (8)... Spalding A G (1.60). Spang-Cl] Sparks Withing (14) . Sparks Withing new. Spear & Co 2 Spencer Kelg(1.60) Spicer Mg 5 Spicer Mfz pi . Stand Com Tob (1).. Stand Gas & El (314) Sfand Milling pf(6). Stand Oil Calif (13). Stand OfI N J (12)... Stand OILN Y (1.60). Stand Plate Glass pf. § Stew-Warner (3% ) Studebaker (15) Submarine Boat Sun Oil (g1) Sun Oil pf (6). . Superior Ofl. Superior $ Sales— 147 14% 163% 161% 1474 161% 51y 167% 27% 10 90 Tenn Cop & Ch (1).. Texas Corp (3). Tex Gulf Sul (4).... Texas P C & Oll (b5) 4 Texas Pac Land Tr. . @ Thatcher Mfg. Tide Water Asso. Tide Water Ofl(80¢). Tide Water Oil pf| Timken Det Ax 80c. Timken Roller (3). Tobacco Pr (1.40) Tobacco 'r A (1.40). Tobacco 'r C %). Truax-Tr Coal(1.60). Truscon Stl (31.20) Twin City Rp 1 Underw-El-Fish (4) Union Bag & Paper Union Carbide(2.60). 254 Union Oil Calif (2) Union Pacific (10). Union Pacific pt (4) Unlon Tank Car(5). . Utd Aircraft&Trans. 2 Utd Aircraft&T pf 3. Utd Biscuit (1.60)... Utd Cigar Stores(1). Utd Corporation. Utd Corp pf (3). Utd Dyewood pf (7). Utd Electric Coal(3) Utd Fruit (c4). . U S Cast Irn Pip (2). U S Distributing. ] § Leather. Leather Realty (5). Rubber. % Rubber 15t pf melt Ref (314). U S Steel pf Univ Leaf Tob (3). Univ Pipe & Rad. Util Pwr & Lt A ( Vadsco Sales. ... 90 10% Vadsco Salespf (7).. 1 173% Vanadium (14).. 66 821 Van Raalte 1st pt 108 76l Victor Talk prpf(7). 1 115% Virginia-Car Chem.. 17 12% Virginia-Car 6% pt.. 5 42 Vulcan Detinning 10s 3% Wabash. PR Waldorf Systm (1) 6 Walworth (1.20). Ward Baking B Ward Baking pf Warner Bros Pi Warn Br P pf(2.20) . Warner Bros Pic (n) 156 Warren Fdry & Pipe. 3 Warner-Quinlan (2). 23 Warren Bros (15)... 11 Wells Fargo 2 1 Wess O & Sn pi 3 West Penn ELA (7). 100s West Penn El pf (6). 70s West Penn El pt (7). 90s West Penn Pw pf (7) 60s Westn Dairy (B). Western Maryland. Western Pacific Western Pacif pf. Western Union (8) . Westngh Air Brk(2). Westngh E1&M (4) Westngh K 15t pf(4) Weston El Instru. ... Westvaco Chlor (2). White Eagle Oil ( White Motor (1). White Rock M S (3). White Sewing Mach. Wilcox Oil & Ga Wilcox Rich(A)2% Wilcox Rich(B)c2. Willys-Over (c1.20). Wilson & Co. Wilson & Co A Woolworth Co Woolworth Co...... Worthington Pump. Wright Aero (2). Wrigley W (c3% 66 29 44 107 Yale & Towne (4) Yellow Truck & C Young Sp&W (123). 2 Young Sheet & T (5) 13 RIGHTS EXPIRE Am Tel & T..July 11192 .June 18 396 Balto & Ohio.June 20 380 2 Beth Steel... .June 181140 Ches & Ohfo..July 1 173 Ches Corp...June 24 71 City Ice June 25 228 Colum Gas&Elec ... 95 Col Graph ...July 10 251 Int Tel&Tel ..July 5 255 Mex Seabd...June 25 142 Newton Stl. .June 21 19 U S Steel....June 21 200 Sales of Stocks on New York Exchange. . 544,800 2,278,900 Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or half yearly dec. +Partly extra. §Plus $3 in preferred stock te. b Payable in stock. & Plus ! g k Plus 3% D e stock. 1Plus Plus 1-25 in stoek € Plus 5% e Payable {n cash or stock. hPlus 3% in stock Prev. Add 00. High. Low. Close. Close. 14% 161 5% 167% 28 5014 B8’ 140%% 72 12 a1 9% T4 | 8014 811 115 | 11 401 3 6415 29 4% 10 47 in stock. 13 STOCKS AREHEHER INBROAD ADVANCE Score of Issues Pushed to High Ground—Business News Good. BY STANLEY W. PRENOSIL, = Associated Press Financial Editor. NEW YORK, June 17.—"Bull” for | retained control of the price movement jon the New York Stock Exchange to- | day, pushing at least a score fssues into new high ground for the year. While public participation continued on a relatively small scale, trading broad- ened somewhat in character as pools regained confidence and marked up their favorites in the hope that the pub- lic would be back in the market next month. Call money held steady at 7 per cent all day. with some funds reported to be available in the “outside market” as low as 615. The rate is expected to tighten by Wednesday. More time loans were reported to have been placed at 8 per cent, or 1! per cent below the rate a month ago. Calls for the pay- ment of stock subscription rights in the next fortnight are expected to cause a substantial increase in brokers’ loans. Utilities Lead Trading. Public Utilities again led in point of activity. Commonywealth Power, which | established & néw high record’ at 246 | on Saturday, broke nearly 14 points on profit taking. On the other hand, Detroit Edison soared 14 to a new high record at 289 ‘and North American moved up 64 to a new peak at 1337, American Water Works closed 6 points higher and Consolidated Gas and Radio 2'each. Business news over the week end generally favorable. No indications of any sharp recession in the production of basic industries has yet made its ap- pearance. Most of the earnings state- ments now being published continue to make favorable comparison with the { corresponding period a_year ago, and the financial district is flooded with favorable merger and dividend reports, Strength of the rails apparently was in_anticipation of excellent half-year earnings reports. Jersey Central jumped 1415 points and Atchison, Chesapeake & Ohio, Union Pacific, Canadian Pacific, New York Central, Bangor & Aroostook and Norfolk & Southern sold 3 to nearly 6 points higher. Opening Is Higher. |,, Prices moved irregularly higher at ithe opening. National Distillers com- mon and Norfolk & Western moved into new high ground. Westinghouse Electric showed an initial gain of 2Y; points and United States Steel common, In- ternational Combustion and United States Industrial Alcohol opened a point or more higher. Allied Chemical dropped 3 points and Commonwealth Power 1. Although the market is faced with the prospect of a sharp upward flurry |in call money rates this week, buying operations were nevertheless continued | in a selected assortment of stocks which included a number of prominent rail- road, copper and food shares. There were only a few soft spots in the early {trading, the most conspicuous being | Montgomery Ward. P WHEAT VALUES DROP. CHICAGO, June 17 (#).—With new- ly harvested wheat beginning to arrive in Kansas City, and Canada reporting an inch or more of rain, wheat valucs | underwent a heavy setback today. For | the first time in a long while, Wash- ington legislative developments cut lit- | tle or no figures as an immediate mar- | ket influence. Furiher moisture was | forecast for Canada. and much notice | was taken that today’s receipts of wheat in the Southwest were on a large scale, 296 cars reaching Kansas City today, against 75 cars a year ago, and 129 cars at St. Louis, compared with 34 cars last year. Wheat closed weak. 2 to 235 under | Saturday’s finish. Corn closed !z to | 34 down, oats 14235 to 355 off and pro- visions to a decline of 7. \HEAT— September Decem! CORN July A | Eeptember December OATS— July . September December | | Close. 105 110 115 Hizh. December LARD— | July | September RIBS | quiy 5 | September W. W. Lanahan & Co. WASHINGTON OFFICE Hill Building - 17th& ISts., N.W. Telephone: National 6997 Edwin D. Flather, Manager Members New York Stock Exchange Baltimore Stock Exchange Associate Member New York Curb Market MONEY MARKET. NEW YORK, June 17 (#).—Money steady, 7 per cent all day. Time loans easier; 30 days, 8a8; per cent; 60-90 days, 8a8!, per cent; 4.6 months, 8 per cent. commercial paper, 6 per cent. Bankers' acceptances unchanged. Record Electrical Output. NEW YORK, June 17 (#).—Electrical energy consumed during May in gen- eral manufacturing operations, corrected for seasonal varial , set & new high record from the previous one set in April by 3.3 per cent, the Electrical forld reports. FEDERAL LAND BANK BONDS. NEW YORK, June 17 (Special) — Bid. " Arkad. extra firsts, 411,a413; firsts, 39'5a401%; I Poultry—Alive, weak; receipts, 6 cars seconds, 38a39. fowls, 2513; Springs, 38; broilers, 3 ; | o e caa irsts o5e | roosters, 2082015 ; turkeys, 22a23; ducks, ordinary firsts, 27a281,; storage packed | 17a20; Spring ducks, 26; geese, 15; firsts, 30%3; storage packed extras, 31. | Spring geese, 25. Lago Oll & Trans.... Lambert Co (8) v 1L Lee Rubber & Tire..- 24 Leh Port Cem (2%). 2 Leh Port Cm pf(7).. 10s Lehigh Valley Coal., Lehigh Valley (3%). Lehn & Fink (3)..... Liggett & My (15)... Liggett & My B (5). Lima Locomotive. Link Belt (2.40)..... Liq Carbonle (t4%). Loew's Inc (13)... Loew's Inc pf (6% Loew's pfx W (635). Loft Inc..... . Long Bell Lumb A.., Loose-Wiles (2.60).. Lorillard (P) Co. Louisiana Ol....... LouG&ELA (1%).. Louls & Nash (7).... Ludlum Steel (2). Ludlum Stlpf (6% 301 38% 142% 16 52% 109 26%% 84 52 84 8415 51% 50% 857 BTN 95 90 90 10 9t 27T T 6414 6215 26% 26% 13 12% 41% 40% 144% 144 95% 93% 114 114 M. J. Meehan & Co. announce the opening of a new branch office at the Hotel Traymore, Atlantic City, with direct private telephone connection with the main office. Moderate Trading on Exchange. Trading in Capital Traction, Potomac | Flectric and Washington Gas bonds was | fairly active on the local exchange as the week’s business opened. Prices were steady. In the stock division there was considerable small-lot trading in Poto- mac Electric 51, per cent preferred at 106, in Railway & Electric preferred at 955, and Peoples Drug Stores at 115. Federal-American Co. common opened at 48, off a point from the last sale. and closed at 47}, The day's trading totaled 100 shares in six transactions. A 100-share block of National Mort- “om Credit (2).. 24 44% 44% 44 44%h “om Crd 1stpf(634).210s 101 9915 9915 101 ‘om Credit pf (1%). 108 26% 26% 26% 26% “om Inv Trust (14).. 2 144% 144% 1447 140% ‘om Cr Istxw (63%). 303 94% 9414 94w 94% “om Solvents (h8).. 56 A11% 404 406% 404 “omnwealth Pwr t4. 41 241 228 2284 242 “onde Nast Pub (2) 1 64 64 64 61 ‘ongoleum-Nairn... 43 21% 21 21% 21% “ongress Cigar (5).. 10 71% 67 67 72 “onsol Cigar (7).... 1 79 79 79 ‘onsol Film In pE(2) 5 26% 25% 26% “onsol Gas (3) 1229 1207 118% 120% 11 “onsol Gas pf (5)... 5 98 98 981 “onsol RR Cub pt (6 53% 63U 54l “onsol Textile 3 a3 “ontainer Corp A. 13% 13% “ontainer Corp B. 6% 7 7' Contl Baking A. 80 81y Contl Baking B. . 13% | 100 8815 Contl Baking pf (8) 7% 97 69% gage & Investment, preferred moved at| gy, 17 Contl Motors (80¢). 18% 17% 18% 17% 41z, same ag the last previous sale, and | (21 37 Sontl Motors (80¢).. 94% 3% 94 ‘ 40 sharesgmore sold at 44. Another 100- | a, 4 C b " Ehare sale was made in Real Estate| 'gor o1 Gotninctan). ) 41% 141% 141% 1415 25 10 65 50 110% 106% 28% 19 1024 7% 68 51 81% 814 2% 49% 1% 48% 95 Guaranty First Mortgage Notes and Bonds Pay 6% ‘National etropolitan a Oldest National Bank in District of Columbia 84 lute safety of princ and interest. Guaranty First Mortgage Notes and Bonds are secured on 1 come-producing 15th St., Opposite U. S. Treasury B o Open Until Ei e 5:30P.M. Today 113% 85 8416 110% 95 90 1% % 3214 27 4% 56 31% 20 18 12% 47 35% 163% 138% 100 66'% 118 98% 13% 6% 80 14 9974 70 69% i liberal income by i o your surplus in these sound 81% securities. 14% 97 Denominations from 250 up Monthly payments if desired £0% 60 Contl Can (2%).. 71 nk 4%s Nov, 1958.31 Mortgage & Guaranty preferred, the orice being 7%. Capital Traction was neglected, 10 shares selling ex.dividend at 93. Wash- ington Gas did not appear on the board at all. he market closed with 12412 bid and }35 asked. 821 Coty Inc (g2). 181 4 Crex Carpet....... 1 osley Radio (11).. 13 own Cork & Seal., 6 ucible Steel (5)... 31 Cuba Cane Sugar pf.. 10 81 60 CubaRRpf(6).....208 17 11 Cuban-Amer Sugar.. 14 | 98 18% 408 63 60% 624 81 31 31 94% 94 94 445 441 44 97% 95% 96% 6% 6% 64 - 3 -72 72 14 13% 14 63 62 63 62 60% 30 94 43% 97l 61y 5% 13% 46 107% 104% 48 82 59 114% 37 104 1% 41 62 49 a1 M- Mac A & Forb(12.85) 4 MacA & Forb pf (6). 20s McCall Corp (4). . & McGraw-Hill (2).... McKeesport T P (4) «McKesson & Rob (2) Mack Trucks (6) 39% 107% 102% 4% 71 50% 9% 39% 107% 101% 40% 0% " 50% 97 d fand AL d B nd 2 —particularly for the conven- “ience of our many Savings Dept. patrons. {Why not open a Savings Ac- count today, if not already a de- positor? Initial deposits of One Send for Booklet, “The Success Plan” REALESTATE MORTGAGE & GUARANTY 1t 8 d to be the general opin- fon of local bankers today that the majority of the Washington Gas Light stock will be turned over to the new controlling interests at $125 per share. Those who are selling take the view that $125 per share is a fine price for the stock and they will be relieved of all worry.over any. uncertainty regard- ing the future value of the stock, 95 60% Cuban-Am Sug pf. 677 49 Cudahy Packing ( 173' 135'% Curtiss Aero (1) 24 82 R39% 26 50% 57% 5% 4% 8974 104 1% 60 24% 13% 36 31% 25% 334 6914 66% Madison 8q G (1%). Magma Copper (5).. Mallinson & Co S Manatl Sugar . 108 Manati Sugar pf. Man Elev mod (d5).. Man Shirt (2)....... Marland Oil. Marlin-Rockw (14).. Marmon Motor (4).. 18 70% 26% 15 35 35 18 70 26 15 35 34% 31% 314% B6% 34% 8% 77 ll‘ 20 1 61 51 61 51 81 165% 161% 163% 164% D— R4 49% 4T% 208 120 120 120 120% 20 195% 189 195% 191 .CorRPORATION « Capital Resources $ 3,400,000' 24 JACKSON PLACE Dollar or more invited. 3% Paid on Savings 5 L 5 11 2 12 3 2838388222888 228: 69% 49% 474 128 207% 427% Davison Chem. . 116 Deere & Copf (7). .. 182 Delaware & Hud (9). 13314 120% Del Lack & W (17). 3122 121% 122 120% 77% 6% Denv & R G W pf 6 66% 66 67 66 267% 224 Detroit Edison (8),.; 10 280/ 278 289 275 CHICAGO DAIRY MARKET. CHICAGO, June 17 (#).—Butter— 1 6 1 60 z: Unchanged: receipt: 18,996 tubs;