Evening Star Newspaper, June 21, 1929, Page 14

14 * UTILITIES IN LEAD ON D. C. EXCHANGE Capital Traction and Pepco Issues Feature Trading. W. R. & E. Steady. Tocal utilities led in the limited ac- tvity on the Washington Stock Ex- change today, with prices steady to slightly off. Potomac Electric Construction 5s sold at 1001,, as compared to a previous sale of 101. Washington Gas 5s turned over at 9914, the same as prior sale, while ‘Washington Railway & Electric 55 held steady at 85 in a sale of $1,000. Capital Traction 55 were off one-eighth at 97%. Two blocks of Capital Traction stock #old at 9134, as compared to a prior sale of 92, while three lots of Mergenthaler Linotype changed hands at 104%. In the unlisted department Chapin Sacks 8 per cent preferred went at New Paper Money. Much interest continues to be evinced in the new small-size paper r--ney which the banks will issue to > public for the first timesthe morning of July 10. Supplies of this new money will not be sufficient to supplant all of the outstanding large-size bills, but will be used along Wwith the large-size money until eventually all the old will be retired. While the Washington banks theoretically are supposed to get their supply of paper money through the Federal Reserve Bank for this district, which is located at Richmond, as a matter of fact local bankers will get their bills from the Treasury Depart- ment direct and the accounts will be adjusted with the Richmond bank. What proportion of the entire paper currency the new smaller bills will con- stitute when they are first issued is a matter of conjecture, but officials of the Treasury and bankers are warning the public that there will not be enough of the new money to supply everybody with all new bills at first. Samples of | the small size bills on display in the local banks continue to attract much attention. Regular and Extra Voted. The board of directors of the Amer- ican Security & Trust Co. has declared the regular quarterly dividend of 3 per cent, due at this time, and an extra of Stock and Dividend Rate. 38% Abitibi Power & Pnp 79 Abitibi P& P pf(6). Abraham & Straus. . 106 am & St pf (7) 508 Adams Express (8)., Adams Exp pf (5). 1 Advance Rumley 3 40% Advance Rumley pf. 4 2 Ahumada Lead . 95% Air Reduction (1)... 97 37 Air Wal El Ap( e ] 415 Ajax Rubber. 5 415 Alaska Junea 5 12 Albany P W Paper. 1 27% Alleghany Corp 290 9914 Alleghany C pf (5%) 10 100% 1004 Alleg’y pf rets(335). 1 305% 241 Allled Ch & Dye (6). 143 125 120% Allied C& D pf (7 2 223 166 Allis-Chalm Mf (7).. 105 42% 22% Amerada Corp (2). 6 23% 104 Am Agricul Chem 1 'mm 40% Am Agricui Ch pt 2 Am Bank Note (13).. 13 4013 Am Bosch Magneto.. 104 41 Am Brake Shoe 2.40. 34% 15% Am Brown Bov Ele 104 49% Am Brown B E pf| 1511 107% Am Can (14)...... 1 139% Am Canpf (7)..... 92 Sales— 308 197 1063 Am Car & Fdy ( 120 116 Am Car & F f (7). 8515 70% Am Chainpf (7). ... 55 43's Am Com Ale (k1.60). 47 % 23% Am Encaust Til (2) % 5% Am & For Power. JOB" 104's Am & For Pw pf (7). 103 88 Am& For Pw zd pf 24% Am Hawaiian (1) 38 Amlce (13).... 5215 Am Internat (12) 126 1024 Am Locomotive (8) 119% 113 Am Loco pf (7) . 188% 147% Am Mch & Fdy (4).. 116% 108 Am M&F pf xw 50 Am Metal (3).. 67 Am NatGaspf (7).. 5% Am Piano...... 25 Am Piano pf 81% Am Pow & Lt (11). 79 Am P&L pf A st ( 40% Am Rad&Std San 213 129% Am Ry Express (6) 431a Am Republics 121% 106! Am Roll Mill (c2 74% 61 Am Safety Raz (15). 7 313 Am Ship & Com 94 81'3; Am Shipbuilding (8) 124% 9315 Am Sm & Ref (4). 107% Am Snuff pf (6).... 20s 263 71% Am Sugar Rfg (5) 104% Am Sugar Rfg pf(7). 60 35% Am Sumatra (3). 2381 1934 Am Tel & Tel (9). 18613 160 Am Tobacco (8) 188 160% Am Tobacco B (8)... 146% 67% Am Water Wks (cl). 1 per cent. Both are payable July 10 to stockholders of record at the close of business June 30. The books will be closed from July 1 to 10, inclusive. The board of directors of the National Capital Bank at their regular meeting declared the usual semi-annual divi- dend of 5 per cent and an extra divi- dend of 1 per cent payable June 30, 1929, Books for the transfer of stock will be closed from June 24, 1929, to June 30, 1929, inclusive. G. Bowie Chipman, resident partner of Harriman plans to leave ‘Washington within (.ly or two for his recently purchu!d Summer home near Bar Harbor, Me. The first half of 1929 will prove to be the most active six months period in the history of the tire and rubber industry, with profits of many leading companies promising to reach new levels, says the Union Trust Co., Cleve- 1and, in a survey of the rubber situation. This showing is the result of both the unprecedented output of automobiles this year %nd the heavy replacement demand due to the large and rapidly growing number of cars in use. Insurance Sales Up. Insurance sales for the first part of 1929 show a 9 per cent increase for lhe United States as a_whole, according to * a review by the Research Bureau at Hatrford, Conn., said to be the only surance trade associ: tirely to the problems of sales distri- bution. This increase, says the review, was not confined to any particular section, but was generally distributed. Every section recorded increased sales; 60 per cent of the reporting companies in- creased their volume in this period. The 12-month period ending May 31, 1929, shows that the volume of in” surance sold was 7 per cent greater than in the preceding year. tion except the South Atlantic States, ‘which shows a slight decrease, recorded increased production. City Bank’s Business Review. ‘Business, as measured in terms of yolume and profits, is an out- standing record which is all the ‘more impressive by reason of the unfavorable ‘money conditions with which it has had o contend, according to the June Bul- letin of the National City Bank of New York, which notes a continuance of the ‘high levels of previous months in and industry with seasonal recession flll- tinctly less than usual. Factory ployment, the review points out, has lfl- creased rapidly this Spring, payrolls averaging 11 per cent higher than last iyear, with only four of twenty-three inljnr classifications of industry show- dng a reduction of working forces. Marked gains appear in iron and steel, automotive, argiculture tmplemeut non- ferrous metal and machine tool consumption of electric power in I.ndus- try is 14 per cent ahead of last year, while railway car loading of revenue freight is exceeding all previous records, ithe review asserts. But, despite these favorable eircum- tances, it is the opinion of the bank that business can scarcely fail to be af- fected adversely should the present con- dition of credit continue. For some time, the building industry has been feeling the influence of tight money and the lack of a bond market in which construction projects can be financed, with the result that the value of contracts awarded throughout the that of a year ago. Evidence of the tension existing in the money market was shown by the violent fluctuations during May in ull Joans, rates ranging from 6 to 15 pe cent and relatively small additions to or substractions from the supply of funds having an effect out of propor- Nl:m to the cause, according to the re- view. Business Notes By the Associated Press. NEW YORK, June 21.—The Standard ©Ofl Co. of New Jersey has established a unit at its Bayway, N. J., plant for refining oil by hydrogenation, through which refinery residues will be con- verted into gasoline and other products. ‘The International Paper and Power Co.'s May electricity output of 383, 347,000 kilowatt hours, established a new monthly record, and a 34 per cent increase over that of May, 1928. The third week of June finds the automobile industry with manufacturing schedules much larger than anticipated at this time of the year, Automotive In- dustries reports, adding that in all probability the total output will estab- lish a new high record for the month. Hosiery shades for the Fall will be romance, suntan, onionskin, sunbronze, almora, sable, allure, buscay, nude. : mrnoon, breeze, crystal, beige and usk No\'eny ltrlpel are an outstanding feature in men’s Fall neckwear, patterns including degrade, surah, cluster and herringbone stripes, worked out on a varjety of grounds. Fireworks m-nuncturen report the volume of business 1 in advance of 27% 18 Am Woolen. 52 58% 424 Am Woolen pf v 40 49% 24% Am Zine Ld&Sm. 9 111% 94%2 Am Zinc Ld&Smpf.. 2 140 99 Anaconda Copper. 864 62% Anaconda W&C (3).. 7 62% 44 Anchor Cap (2.40). 4 68% 44% Andes Copper (3) 420 42% 29 Archer-Dan-M (2 9l 18% 10% Armour 111 (A) 10% 5% Armour 111 (B 86 72 Armour 11l pf 30 24% Artloom (2).. 58% 49% Asso Appl Ind (4) 70% 43 AssoDryG (2%) 47% 40% Asso Oil (2). 226% 195% Atch T &S Fe (NI.. 103% 99 Atch T&SF pf (5)... 191% 169 Al Coast Line (110). 661 32 AtlG & W Indles. 59% 45% AUG&WLpf (4). 72% 53% Atl Refining (11%) 115 90 Atlas Powder (4) 297% 221 Auburn Auto (j4).. 10 5% Austin Nichol: 35% 22% Autosale: 43% 364 Autosales pf (3). 50 40% Auto-Strop Raz (3) 271% 210 Baldwin Loco (7) 125 114% Baldwin Loco pf 133 . 115% Balto & Ohio (6). 76% 642 Bang & Aroos (3%). 110% 105 Bang & Aroos pf (7). 49% 38% Barnsdall (2) 29% 20 Beacon Oil. 101 73 Beech-Nut Pack (3) 17% 11% Belding-Heminway.. 1 93% 78 Bendix Aviation (2). 114 93% 75% Best & Co (3). . 118% 8214 Bethlehem Steel (4). 642 123 116% Bethlehem Stpf (7). 5 104 Bloomingdale pf (7). 108 6 Booth Fisheries 2 98 83% Borden Co (3).. 18 143% 107 = Borg Warner (j4)... 86 109% 85 Boston & Maine 631 30% Briggs Mfg. 73% 42% Brockway M 81% 60% Bklyn-Manhat (4). 203% 170 Bklyn Union Gas (5. 55% 3814 Bruns-Balk-Col(3).. 441 18 BrunsTer &RyS... 42% 25% Bucyrus Erie (1) 50 38% Bucyruscvpf (2%). 117 112 Bucyruspf (7). 85 54% Buff & Susque 68% 515 Buffalo & Susq pf (4) 50s 53% 46 Bullard Co (1.60).... 105% 99 Burns Bros of (7). 829% 234 Burr Add Mch (15) 89% 56 Bush Term (g2). 118% 110 Bush T Bldg pf (7) 915 4% Butte Copper & Zinc. 1927 122% Byers (A M) 138 104% By-Prod Coke (£3). 81% 72% Calif Packing (4) 1% Callahan Zinc & L. lumet & Ariz (10) . met & Hecla(4). 51 48% 36% Cannon Mills (2 101% 95 rClin & O sta (5). 331- 308 C (J 1) ctfs (6). 42% 22% Cavanagh-Dobbs.. 9% 52 Celotex (3) 48% 30 Cent Aguirre (2) 52% 40% Cent Alloy Steel (2). 20% 12 Century Rib Mills 128 88% Cerro de Pasco (6) 28% 1614 Certain-teed Prod. 47% Cerfain-teed pt 230 195 Ches & Ohio (10).... 10415 78% Chesapeake Corp (3) 19% 11% Chi& Alton 26% 14 Chi& Alton pf. 23% 12% Chi Great Western 63% 38 ChiGreat Westn pf.. 39% 27% Chi Mil St P&Pac. 6 46% Chi Mil St P&Pac 94% B80% Chi&N W (4) 145 134 Chi&NWpt 189% 115 ChiRI& Pac (7). 108% 105% Chi R I & Pac pt ( 36 28% Chi Yellow Cal u» % 60% 44% Childs Co (2.40). 66 Chrysler Corp (3). 62% 50% City Ice & F (3.60) 105% 100 - City Ice & F DH“&). 30! 27 2% City Stores (1) 4 & Pitts (3%). tt Peabody (5).. 7813 56 Colo Fuel & Iron.... 721, 48 Collins & Aikman. 103'a 93 - Collins & Aik pf (7). 1 79% 53% Columbia G&E (2).. T42 108 103% Colum GEEDPLA (6). 1 88% 58 Couml Graph (29.1c). 81 175 121% Columbn Carbn té%. 43 62% 43 ComCredit (2). 121 105% 95% Com Crd 1stpf(6%). 10s 26% 24 Com Credit pf (1%).200s 195 131% Com Inv Trust (14).. 63 62% 27% Com Inv Trstwar... 4 416 225% Com Solvents (h8). 238 107% Comnwealth Pwr 4. 93 59% Conde Nast Pub (2). 19% Congoleum-Nairn 69 Cong Cigars (15% 76% Consol Cigar (7).... 84 ‘'onsol Cgr prpf 6% lSOn 25 Consol Film Inpf(2) 1 9514 Consol Gas (3). 2! 98 Conso! Gas pf (5 51 Consol RR Cub pf 215 Consol Textile 12 Contairier Corp A. 6 Container Corp B. 47% Contl Baking A. 8% Contl Baking B, 881 Contl Baking pf (8) 60 Contl Can (2%) Contl Insurance (2). Contl Motors (80c).. 7 2'4 be 1443 141% Corn Prod pf (7). their expectations l’m’ thll year. Sales of claborate displays have been espe- clally good. . MERGER IS PLANNED. NE_YORK, June 21 (#).—The Na- tiorz! D2 xry'l’:?duc‘u cwrp(’r‘r‘l‘fil ot'ating fer aequl S E‘”—' i Foor Rartford, ° #n exchange of %1 Coty Inc (82). 22% Crex Carpet. . 85% Crosley Radio (11) 5 95 Crown W P 1st pf(7) 10l 85 Crucible Steel (5) 11% Cuba Co. Cuba R R ot l‘) Cuban-Amer Sugar 60% Cuban-Am Sug pf. _ 8 Cuban Dom Sugar. .. 4%4% Cudahy Packing (4). 11814 Curtis Publish (1) 7 208 20 108 3 588 851 39 nn 152’5 413 A% 57 18 347% 101 100% 311 122 247 2519 13% 46' 1337 62% 557 3018 871 146 Add 0. High. Low. Close. Close. a1 41 841 B4la 12 12 107 108 560 588 85% 85U 381a 3814 60 . 60 2 2 147% 151% 41 41 % b 5% B% 18 18 3315 347 100% 100% 100% 100% 295 306 122 122 2 9812 981 117% 117% 80 80 46% 4674 31 31 10415 1041 106% 106% 011, 91t 33} 332 4319 434 64 647% 12815 123% 115 115 4 165% 166% 831 158 105 10s 1071 69% 12 214% 1170 8 171% 182 141% 18% 42% 11‘1 2 . 2966 1|5u. 1% a4 55% 2 188 19 111"& 43% 110 110 57% 58 103 1041 1071 107 67l 674 65 651 T T 106 1704 170% 137t 139% 16 174 411 41% 301 31 95 95 lll': 115% 1% u 44 527 10215 104% 188 61% 63% 5% 564 69% 704 104% 1041 275% 279% 6 6% 32% 33w 40% 40% 4 44 245 249% 17 17 1231 124'% CIRRE L 1071 107% 40% 41 27% 284 83% 83 1% 12% 82% 844 87% 874 105% 107%% 118 118 108 6% 6% 89% 90 116% 117% 105 105 33 33 51 51 63 63 207 207% 39% 39% 19% 21% 29% 301 4l% 423 113 113 63 634 52 52 49% 49% 95% 9714 302 302 60 60 115% 115% 5 5 134 1425 130 130 T4% T4% 1% 2 129% 159% 42% 43% 8615 86" 229 232 36% 36% 9413 9414 324 3241 THE EVENING STAR, WASHINGTON, D. C., Prev. 424 82 110 108 51 113% ~Prev. 1929~ Stock and Sales— High. Low. Dividend Rate. Add 00. High. 17314 1351 Curtiss Aero (1). 48 164 65% 58% Cutler-Ham (3% 2 61 D 16 50 4 3% 508 120 36 197% 691 467 128 207% 1334 1% 276% a47% 42% Davison Chem. 35% Debenhams (al 116 9). . Deere & Co pf (7). .. 182 Delaware & Hud (9). 120% Del Lack & W (17) 55% Denv&RG W pf 224 Detroit Edison (8) 431 Devne & Ray A (13). 130 Diamond Mateh (8). 8% Dome Mines (1). 105 Drug Corpn (4) 62 Dunhill Inter (14). 155% Du Pontde N(t4%). 115% Dupontd N deb (§).. 98% Duquesne 1st pf (5). 5% Durham Hosiery.... 4 168 56 Eastman Kod (18) Eaton Axle & S (3) Kmmeraon-Brat A . .. 47 Eng Pub Serve (11).. Eng Pub Sve pf (5).. 56 Erie R K 2d pf. 44'3 Eureka Vac Cl )... 1 55 Evans AutoL(12%). 27 22% Exchange Buf (1%). 10s 215 Fed Mining & Smit 13% Ked Motor Tr (80c).. 901 Fid Phen F Ins (2) 9% Fifth Ave Bus (64c). 98% Filene's pf (6%). .62 First Nat Stores 7% Kisk Rubber. ... 65%4 Fleischmann (133%). 4612 Florsheim Shoe A. 57% Follansbee (12%). 80% Fox Film A (4).. 16 104% Frank Simon pf (7).. 30s 37% Freeport-Texas (4 2 20 Gabriel Snub A 105 Gardner Motor 81 Gen Am Tnk Car(f4) 61 Gen Asphalt. 551 Gen Bronze (2) 37% Gen Cable. .. 81 Gen Cable A (4). 63 Gen Cigar (1) 112Y% Gen Cigar pf 219 Gen Electric (6 11 Gen Elec spec (60c). 70 Gen Gas&El A (el) 1181 Gen G & EIpf A (8).. 100 Gen G & El pt B (7). 67% Gen Mills (3)....... 68% Gen Motors (13.30).. 12212 Gen Motors pf (7)... 32 Gen Outd Ad vte (2). 9315 Gen Ry Signal (5)... 1 68 Gen Refrac (13%)... 101 Gillette Safety R (5) 31 Gimbel Brothers. . 367 Glidden Co (t1%). 101% Glidden pr pf (7) 44 Gobel (Adolf). 53% Gold Dust (2%). 73 Goodrich B F (4) 112 Goodyear Tire (5)... 101 Goodyear 1st pf (7).. 42'% Gotham Sik H (2%) 26 Graham-Paige...... 62% Granby Consol (7) 7T% Grand Stores (1) 20' Grand Union. 43% Granite City St 114% Grant W T (1). 101 112% Grt West Sug pf (7). 48 Guantanamo Sug pf. 136% Greene Can Cop (3). 55% Gulf Sta Steel (4)... -H- 33% Hahn Dept Stores... 18 95% Hahn Dept S pf(6%) 2 91 Hanna (M A) 15t(7). 150- 20% Hartman B (1.20). 40% Hayes Bdy (b8 %stk) 64 Hershey Chocolate. .. 80 Hershey Choc pf (4). 15 Hoe (R) &Co........ 34% Holland Furn (e23%). 72% Homestake Min (17). 37'2 Houd Hersh B (1%) B6ls Howe Sound (f4%).. 3415 Hudson & Man (2%). 21 54 Hudson Motor (5)... 46 39% Hupp Motor (£2).... 107 s 132% Illinols Central (7).. 45 139 4 30 Independ Oil &G (2), 17 17% Indian Motor Cyele. . 29 Indian Refining. .. 28 Indian Refining ct... 75 Industrial Rayon.... 4 120 Ingersol Rand (5%). 7813 Inland Steel (33)... 38! Inspiration (4). . 223 Interboro Rap Tra 81 Intercontinental Rub 8's-Intl Agricultural. .:. 149% Intl Business M (5 8413 Intl Cement (4). 545 Intl Comb Eng (2). ., 99 Intl Cmb Eng pf (7). 92 Intl Harvester (23%). 140 IntlHarvpf (7)..... 4 65% Intl Match pf (3.2 4 Intl Mer Marin 36% Intl Mer Marine pf. .. 40% Intl Nickel Can (80c) 25 Intl Pap & P A(2.40). 24% 14% Intl Pap & PwrB.... 17% 10% Intl Pap & Pwr C 93 B0 Intl Pap & Pwr pf(7) 106 95 Intl Print Ink pf (6). 80% 69' Intl Ry Cn Am pf(5). 30s 150 118 Intl Silver (18). 2 119 108 Intl Silver pf (7). ... 94% 78 Intl Tel & Teleg (2). 9315 694 Inter Dept St (2).... 97 91% Inter Dpt S pf x w(7) 38% 29 Intertype (ft1%).... ;__- 136% Jewel Tea (1614).... 83 15213 Johns-Manville (3).. 125 1861 119 Johns-Manv pf (7).. 40s 123 117 Jones & Laugh pf(7) lml 122 7% Jordan Motor Car. ... K- 78 Kan City Sou (5).... 64% XKan City Sou pf (4)., 37% 24% KaufmannDS (1%). 46% 25 Keith-Albee-Orph... 24 11 Kelly-Spring Tire... 59% 40% Kelsey Hayes (2). 12 Kelvinator Corp 7% Kennecott (5). 45% Kimberly Cirk 27% Kinney (G R) (1). 9314 Kinney (G R) pf ( 25% IColster Radio. 32% Kraft PhCh (1 43% Kresge'S S (1.60). 12% Kresge Dept Store 331 Kreuger & Tol(1.34). 170 75% Kroger Gr&Bak(cl). 23 —_— 38% 26 Lago Oil & Tran 6 A 1574 127% Lambert Co (8)...... 23 1424 110% 106% Leh Port Cm pf(7).. 805 lfll'a 19 Lehigh Valley Coal.. 77% Lehigh Valley (3%). 51 Lehn& Fink (3).. 81% Liggett & My (15)... 81t Liggett & My B (16). 42% Lima Locomotive. ... 71% Liq Carbonic (14%). 48% Loew'sInc (13)..... 93% Loew's Inc pf (6%) 7% Loft Inc. 27 Long Bell L 56 Loose-Wiles (2.60 Lorillard (P) Co. 84% Lorillard (P) pf ( 12% Loulsiana Oil. ... 5% LouG & EIA (1%) 66's Ludlum Steel (2).... 98% Ludlum Stipf (6%). ba 86 49% 708 110 235 89h ls 92\: 4 32% 162% 242% 123 122% 16% 987 70t 87 71% MeCall Corp (4) 974 McCrory B (2). 107 McCrory pt (8). 6215 McKeesport T P (4) K 24% Mallinson & Co. 95% Mallinson pf (7). 25 Man Elec Supply. . 31% Man Elev mod (d5).. 25% Man Shirt (2).. ‘2.‘ erl:llbn Ofl Exp... 7% Martin-Parry " 42% Mathieson Alk (e2)., 73% May Dept Strs (4).., 110 19 MaytagCo(12)..eem 6 280 45 Low. 160 608 49 364 119% 194% 123 6714 147 a7 108% 611y 170 116 29 5% . 176% FRIDAY, Stock and Dividend Rate. Maytag Co pf (3). Meiville Shoe (1.40 Mengel Co. Mexican Sea Miami Copper (4 Michigan Stl (23;) Mid-Continent P (2). Middle States Oil ct. Middle States Oil. Midland Stl pf 1107, % Minn Moline Pw Minn Moline pf 615 .. MStP&SSM 4 Mo Kan & Texas Mo Kan & Tex pf 4 Missouri Pacific. Missouri Pac pf (5).. Mohawk Carpet 123 . Mont Ward (23). Moon Motors. . Morrell J (3.60). . Mother Lode (40c).. Motlon Picture. .. Moto Meter A. Moto Meter A ct Motor Products Motor Wheel ( 4 Mullins Mfg. Munsingwea Murray Corp (a3 Sales— (17) & Nash Motors (6) Natl Acme (1) Natl Air Trans Natl Bella Hess(11). 21 Natl Biscuit (1612).. 34 Natl Cash Reg (t4).. 84 Natl Dairy (11%)... 176 Natl Dept Stores § Natl Distillers. atl Distillers rm‘l) NatlEnameling (2). Natl Pwr & Lt (1) Natl Rys Mex 2d pf.. Natl Supply (18). 4 Nevada Cq Newport Co A (3 Newton Steel (3). N 'Y Air Brake (3) Y Chi & St L (6) N Y Dock. . Y Dock pf (5 Y & Harlem (5) YNH&H (4) YNH&HDI (7). NYOnt& West. . Norfolk& Wstn(110) . Northern Pac (5). North Pac et (5).. Ol Well Supply. Ol Well Sup pf ( Oliver Farm Equip. . Olivr Fr Ep ev pt(3). Olivr Fr Eq pf A(6). Omnibus Corp....... Oppenheim Col (5).. 2 Orpheum Cir pf(8).. 10s Otis Elev pf (6).....110s Otis Steel ... 43 -P- Pacific Gas & E (2).. 197 Pacific Lighting (3). 69 Pacific Mills. . . 108 Paclfic Oil stubs 1 Pacific Tel & T (7)... 50s ¢ Packard Motor (15). 245 Pan-Am Pete B..... 411 Pan-Am West B Paramount-F-L (1).. Park & Tilford (33). 5 he Exchange no Mines (3.89 Teerless Motor Car FPenick & Ford Tenick & Ford pf(7). Pennsylvania RR(4) People’s Gas Chi (8). Pere Marquette (18). Pere Marq pr pf (5). Phelps Dodge (3). Phila Co (17). Phila Co 6% pf (3).. Phila & Read C& 1. Phillips-Jones (1) % Phillips Pete (1%).. Pierce-Arrow A..... Plerce Arrow pf (6). Pierce Oil... Plerce Oil pf Pierce Petroleum. Pillsbury Flour (2).. Pirelli Co A (2.88) Pitts & W Va (6). Poor & Co (12). Postal Tei & C pi Postum Co (3) Prairie Oil & Gas. Prairie Pipe L (14).. Pressed Steel Car... Prod & Refiners. ... Prod & Refiners pf. Prophylactic (14)... Pub Sve NI (2.60) Pub Sve NJ pf (6) Pub Sve E&G pf(6). Pullman Corp (4)... % Punta Alegre Sugar. Pure Ol (13) Pure Oil pt (8). Purity Bakeries (3) 4 Radio Corp. R R Sec1C stk C(4). Reading (4).... Real Silk Hoslery Reis (R) & Co. . Rels (R)&Co 1st(7) Remington-Rand. Reming-Rnd 2d (8) 4 Reo Motors (11.60).. Rep Iron & Stl (4)... Reynolds Spring. ... Reynolds Tb B(2.40). % Richfield Oil (2) . Rio Grande Oil (k2). Ritter Dental (213) Rosaia Ins (2.20). Royal Bak Pwdr(1). Roval Bak P pf (6).. Royal Dutch(a1.336) 4 Safeway Stores (3).. St Joseph Lead (13). St L-San Fran (8)... 4 St L-San Fran pf (6) St L Southwestern. . Savage Arms (2). Schulte Retail Str: Seaboard Air Line Seagrave (e1.20). .. Sears Roebek ($2%). Seneca Copper...... Sharon Stl Hoop (1). Shattuck F G (2).... Shell Unfon (1.40). Simmons Co (3) Simms Pet (1.60) Sinclairoll (1214) Skelly Oil (2). Slons Sheffield steel. 10% Snider Packing. . Add 00. Hish. 1 391 JUNE 21, 1929. Prev. Low. Close. Close. 91 ~Prev. 1020 Hirh. Low. 56% 33 45 34 135 124|, 6815 501 15% 138% Snider So Por plege Subma Sun Of Superf Superi Telaut Texas Tex G Texas Texas Timke Timke 570y 101'% 46% 204% o Under Union Union Union Union fon 129% 52 105% el 101% 21% a El U U U 100% “ 9 L4 Ul U U U u ul S DI s Di C: 7S Ru Vanad! Victor Virgin Virgin Waldo! Warnes 4 Warre West F 4 Westn Westn Westn, White White White Willys Worth| Worth Yale & Young Am Te City Ie Colum Sales of Dividend rates ratio; 4% in stock. §Plus aPaid this year—no in_stock. d Pavable 10% in stock. 8% in stock. Stock and DivMend Rate. So Porto R Sug 215, 1 Thatcher MIx. ... Thompzon J R ( Tide Water Asso.... 146 Tide Wat Asso pf(6) 2 714 Tide Water Oil(80c). 2 Tide Water Oil pf(5) td Afrcraft&Trans. d Aircraft&T pf 3. d Biscuit (1.60). d Cigar Stores(1). d Fruit (c4). t t t t td Corporation. ... t t t t /td Paperboard Cst 1P 1st(1.20). U S Hoftman (4). U S Ind Alco (6). i US Leather......... US Leather A (4). U S Leather pr pf(7) Realty (5). U S Smelt Ref (3%). 4 teel (7). 9 U S Steel pf (7) U S Tobacco (3) 4 Univ Pict 1st pf(8 Univ Pipe & Rad. Utah Co 3 Ttil Pwr & Lt A (e2) 6 3 Van Raalte. . 1 = 1 1low Ches & Ohlo..July 1 : Ches Corp. Col Graph IntTelaTel, s Loft .. Mex Seabd.. . June 25 FINANCIAL.™ Sales— Add 00. Migh. Packing pf... 1 524 38% t Ric S pf (8). 208 126 % Southern Cal Ed (2). 162 Southern Dairies A.. Southern Dairles B. Southern Pacific (6). Southern Rwy (8)... Spalding A G (1.60). Spang- u‘a 111 132% Chalfant..... hgtn (n). 1-May: Stand Com Tob (1).. 3 Stand Gas & EI (3%) 361 Stand G & Epf (4)... Stand Oil Calif (13) Stand OII N J (12)... Stand Ofl N Y (1.60). Stewart Warnr(313). Studebaker (15) rine Boat 1(g1) or Oil or Ste Sweets of Ame: ograph (1) Tenn Cop & Ch (1). Corp (3).. 11f Sul (4). P C & Oil (b3). Pac Land Tr. 50) n Det Ax(80¢). n Roller (3). 4 Tobacco Pr (1.40) Tobaeco Pr A (1.4 Tobacco Pr A et Tobacco Pr R ct obacco Pr C ct Trico Prod (23%). Twin City Rp T (4) w-El-Fish(4).. 129 Bag & Paper. . Carbide(2.60). 212 01l Calif (2) 9 Pacific (10)... 108 Pacific pf (4).. 1 64 20 gar St pf(6). .. d Corp pf (3) cetric Coal(3) stributing strib pt (7) st Irn Pip (2). 9 ubber. 8 Bawm = 3 [ PUPA. PPN » 3 ® ‘opper (16) 148 V- dsco Sales. ium (14). Vick Chemical (4). Talk pr pf(1). ja-Car Chem.. 3 ia-Car 6% pf.. 3 Va El & Pwr pf (7).. 108 * Vilcan Detin A...... 208 Wabash rf Systm (l‘/h) Walworth (1.20). Ward Baking B Warner Bros Pict r Bros Plc (n) Warn Br P pf(2.20) 4 Warner-Quinlan (2). Warren Bros (15)... n Fdry & Pipe. Webster-Eisenlohr.. 2 Wess Oil & Snow(2). 13 % WessO&Snpf (4).. 14 West Penn EL pf (6). 60s West Penn El pf (7).110s West Penn Pw pf(6) 10s enn Pw pf (7) 70s Dairy (B) 5 Western Maryland. Western Md 2d pf. Western Pacific. . Western Pacif pf Western Union (8) gh Air Brk(2). £h EI&M (4). . Westngh E 1st pf(4). 20s ‘Weston El Instru.... 3 Westvaco Chlor (2). 14 EagleOil (2).. 4 Motor (1)... Sewing Mach. Wilcox Oil & Gas Wilcox Rich(A)2%.. 17 Wilcox Rich(B)c2. 0 -Over (cl. Wilson & Co. Wilson&Co A. . % Woolw Woolw orth Co (6). orth Co. ington Pul ington B Wright Aero (2 Wrigley W (ct3 Towne (4) Truck & C Sh.el&T(a) RIGHTS EXPIRE 592 100 June 24 62 .June 25 70 470 1&T..July 1 ... Gas&Elec ... L.July 10 149 JJuly 5 285 uly5 85 299 Stocks on New York Exchange. 380,500 12:00 Noon...... 1,520,900 2,182,400 2:10 P.M........ 2,437,200 as given in the above table are the anrfial gash payments based on the latest quarterly or balf yearly dec- a: SUntt of trading less than 100 shares. tPartly extra. fPlus $3 in preferred stock. fPlus 1-25 in stock. regular rate. bPavable in stock. ¢ Plus 5% when earned. e Pavable in eash or stock. & Plus 6% in stock. hPlus 2% in stock. kPlus 3% In stock. New Securities By the Associated Press. NEW YORK, June 21.—New securi- ties offered today include: $20,000,000 General Steel Castings Cor- poration, first mortgage 5!z per cent gold bonds, series A, due July 1, 1949, with warrants. Priced 100 and interest. 110,000 shares General Water Works and Electric Corporation class A com- mon no par s at $26.75 a share, 250,000 shares Utilities Power & Light Corporation no par common stock, priced at the market. 50,000 shares Rath Packing Co. com- mon stock at $32 a share. 5, shares Katz Drug Co. $6.50 cu- mulative preferred stock at $100 a o Drug Co. common re. K t a share. 3 250, &o‘mnum the Guardian Rail Shares Investment Trust (series 1 pre- ferred non-cumulative beneficial owner- ship certificates) priced at the market. POTATO MARKET STEADY. CHICAGO, June 21 (#).—(United States Department of Agriculture)—Po- tatoes—Receipts, 16 new, 32 old; on track, 166 new, 98 old; total United States ts, 1,028 cars; new stock trading w, market about steady: Southern sacked Bliss Triumphs, 1.004 2.00, ml.u to culmy and condi- tion; N lls, Irish Cob- blers, QM 75, 20% Whites, 40850, SHARP GRAIN RECOVERY GREAT AID TO FARMERS By the Associated Press. NEW YORK, June 21.—Off-hand the full effects of the sharp recovery in wheat prices and the values of other grains from the recent low levels are perhaps not readily realized. The fav- orable nature of the change. however, becomes apparent when it is seen that July wheat is currently selling around $1.13 a bushel against the low of 96 cents, while the September delivery is moving at $1.17 a bushel against §1 a bushel. This recovery of 17 cents a bushel is equivalent to an appreciation of aproximately $153,000,000 when ap- plied to the prospective combined crop of about 900,000,000 bushels of Winter and Spring wheat. The recovery has been due partially to recently reported crop damage in some sections, and in part to the expectation that Govern- ment relief will make itself felt sooner than had been expected. NEW SAFEWAY STORES. NEW YORK, June 21 (/P).—Safeway Stores, Inc., large chain-store system, has added 374 stores since January 1, increasing its total to 2,394 units, of which 1,050 include meat markets. Bakeries numbering 10 and 25 ware- houses_are also operated by the com- mny Bwul lnd other units are located 20 States, the and Hawail. District of Columbia | 000 ‘The Hungarian rnment has de- creed that all vehicles for service of the government or of '.he municipalities shall be of Hun Markets at a Glance | 'NEW YORK, June 21 (#).—Stocks | strong; New York Central and Union Pacific at new highs, Bonds irregular: convertibles rise with stocks. irregular; Electric Investors crossed 191. Foreigh exchange irregular; sterling sags 1-32 of a cent. Cotton easier; favorable crop news. Sugar, £8a£34; steady spot market. Coffee easy; dis- appointing Brazillan marke. CHICAGO, June 21_UP).—Wheat ir- fegular; reaction in Winnipeg, Corn lower; larger country offerings. Cattle quiet. Hogs steady. —edln MONEY MARKET. NEW YORK, June 21 (#).—Call money steady; 7 per cem all day. Time loans easier; 30 u 60-90 days, 7%a8; 4-6 months, Prime e commercial p-per Bankers' acceptances unchanged. GASOLINE CONSUMPTION. NEW YORK, Jung 21 (#).—Gasoline consumption in 38 States fox' April totaled 646,866,000 gallons, mpared with 64510;'.6’?00 in ADHI.DI:E’I an in- crease of per cent. average consumption for last April was 21,562, gallons, against 19,550,000 in March, an increase of 10.3 per cent for April. iy hlnue!fu ‘bank man: ager,” a tan ADVANGE IN STOCK PRICES CONTINUES Trading Shows Considerable Expansion in Volume and Breadth Today. BY STANLEY PRENOSIL, Associated Press Financial Editor. NEW YORK, June 21.—A brisk de- mand for United States Steel com- mon and Anaconda Copper, coupled with the buoyancy of a few high-priced industrials, featured the resumption of the upward price movement in today's stock market. Trading showed a mark- ed expansion in breadth and volume, which was construed as an indication of increasing public participation. Call money renewed at 7 per cent, but the supply at that figure was small, and there was a possibility that the rate might work higher. There was no change in time money and commer- cial paper. Despite the recent easing off of time money rates, Federal Re- serve officials insisted there was no change in its credit policy, calling at- tention to the reduction in holdings of bills and Government securities. Bullish Factors. Merger of the Fleischmann, Royal *| Baking Powder and E. W. Gillette com- panies, the third consolidation effected by the J. P. Morgan & Co. interests within the past week, was widely in- terpreted as an indication that leading baking interests saw signs of increased prosperity. Wall Street also derived en- couragement from the substantian in- 4 | the high volume of freight car Aozdln:< Investment railroads and girplane shares spurted up in the final houf and a number of issues reached unpre- cedented heights. United Aircraft jumped 7 points, New York Central 5 | to 20415, a new high, and Union Pa- cific 514 to 2311, also a new peak. Atchison was up 5 points, while Ca- nadian Pacific and Wright Aeronauti- cal were up around 4 points each. The close was strong. Disregarding the increase of $136.- 000.000 in brokers’ loans, prices bound- ed upward at the opening. Brooklyn Union Gas, Baldwin Locomotive and Allied Chemical quickly advanced 3 | points, National Biscuit 1% and Atchi- son 13. Some irregularity developed after the opening on selling inspired by fears of a flurry in call money rates. Commis- sion houses, while calling attention to the possibility of a technical reaction, laid considerable stress on the gradual easing of basic credit conditions as re- fle&lted in the lowering of time money rates. “The traditional “selling on the good news” followed the announcement of a plan for a merger of the Fleischmann Co., Royal Baking Powder and E. W. Cilletle, Royal yielding fractionally, while Fleischmann fell back more than a point. Utilities Again Active. Bullish operations were again resumed “!in the public utility shares, Brooklyn Union Gas quickly running up more than 5 poinfs to a new high at 2111, ! while Electric Power & Light climbed a4y | 214 t0'731;, or just 30 points above the year'’s low. Underwood, Elliott-Fisher and Childs Co. also moved into new high ground. Anaconda Copper was again heavily bought, moving up 2 points to 114, in the first half hour, the highest price on the current recovery. Baldwin extended its gain to more than 4 points, and early gains of a point or so were record- ed by Inte ional Telephone. New York Cenfirll International Combustion and Mexican Seaboard. Foreign exchanges opened steady, ;:‘nah‘ _ sterling cables unchanged at SHORT-TERM SECURITIES. (Rerorted by J. & W. Seligmen & Co) Bud. . Offer, Allis-Chalmers Co 55 1937 Batavian Bell Tel. | Callt, Petroleim 5'ss an Nat'l Rwy. 4 Del. Bilion BL1 Boston 458 1330 General Motars Accept, & 1037 General Petroleum 55 1040 .. Goodyear T. & R. Grand Trunk cm.a.‘;g me [umbl 25 Ptormationat tatch ss. 197 Qregon Short Line 4s 1920, Ehillips Petrolewn 5141 1930 | Pure Ol Corp. 85 Shell Union Oil 53 1047 Sinelair Crude Ol A0 10 EH 8 4 Oil New Jersey 85 1048 101 M. & 8. Rwy. 4s 1920 903, 55 1032 Union Oil Co_ of Call 55 19350 United Drug Co. 58 Wentern Blecirc 35, 1944 9874 9513 9. 1024, ¢ | Wheeling Steel Corp. 54 ] First Mortgage Loans | Fair Rates of Interest ’ J. LEO KOLB | 923 N. Y. Ave. Dis. 5027 Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. MON EY TO LOAN Consult WELCH "l.hll!ou Loan Specialists Bldg. ings and Trust Ave. N.W. Main 4316 National S 15th & N.Y. In Nearby Virginia 1/ 7 lPrudenhel Commonwealth Investment Co. | 917 15th St. N.W. Phone Main 2623 Complete Investment. GreeeT & Co. BANKERS INVESTMENT BUILDING ‘WASHINGTON, D.C. Telephone, Main 3460 Describing - qund the oflc(lll to he‘g:mnn‘;‘ ‘_' ool