Evening Star Newspaper, June 25, 1929, Page 13

FINANCIA CURB SHARESFIRW Prices Irregular, but Major- ity of List Displays Strong Tone. BY HARRY H. BECKER. Specisl Dispatch to The Star. NEW YORK, June 25.—Notwithstand- ing continued high money, curb stocks displayed & fair degree of underlying strength during today's trading. While prices moved irregularly, there were a number of strong spots and those | stocks, which did give ground, did so ! with the utmost reluctance. | Early in the day the tendency to g0 | slow was most apparent in the utility i division. Although less buoyancy was in, evidence and there were comparatively | few features, offerings were easily ab- sorbed at only minor consessions from recept levels. | Strong Spots. - American Super Power continued to ! display extraordinary recuperative pow- ers and before midday had regained an initial decline of several points. Good support was furnished Niagara & Hud- son and the shares which it will acquire. ‘Buffalo, Niagara and Eastern, North- eastern Power and the Mohawk & Hud- son issues were comparatively Atudyl -n:n-?:x:;"the strong spots in the utility ! section were Central States Electric, | Consolidated Gas of Baltimore, Penn | Water & Power and Electric Bond &! Shsare, the last at one time showing a gain of 2 points. It reacted later. United Gas mem\gm'cnt. Pfileclr;c Northern States w . }.‘:):wmo’“lnd Light and Middle West Utilities ruled lower without inviting 1ling. . m‘l‘\d}e: m:m; spots developed in the | miscellaneous industrials, with nollble_ gains to new high levels istered by Winton Engine, Tung-Sol Lemp new and Draper Corporation. These stocks have been comparatively neglected for some time. A further advance carried Eisler Electric to the best level thus far, coni Internat ] e Radi 5 um‘pmmkwnt. ‘The L’h“: named was influenced by reports tha dividends at the quarterly rate of 50 cents a share be inaugurated shortly. Other Features. News that applications had been madz to list Checker Cab on the big board fafled to check a selling movement in ‘the issue which broke it almost 4 points before a rally developed. Pennroad, the Fleischmann-Royal continued to sag Ad sold down to a new low. under 33. ternational Mercantile Marine new tal stock issued in exchange for the preferred and common was admitted trading and promptly became strong . after opening at 25%. Int ca) o) to roosters, 18a20: , fowls, each, 50a1.10; pigeons, 2,600 u‘l‘i-: nltlv: and nearby dozen, 30; curren ts,.20; small, undersized, 25. Butter—Good to fancy creamery, pound, 43a46; ladles, 33a35; store pack- ed, 30; rolls, 31a32; process butter, 40241, Hay and Grain Markels. ..Wheat—No. 2 red Winter, garlicky, spot 1.10%; June delivery, 1.10%4. Corn—No. 2 export, June delivery, no quotations; No. 2 yellow, domestic, spot, 1.09a1.10;' cob corn, old, 5.50. Oats—No. 2 white, domestic, 55; No. 3 whlw.rw m.;:‘imdom" 53a54. Rye—Nearby, 00. Hay—Receipts, none. While hay is| arriving here in limited quantities only, it is more than enough for demand, which is being supplied mostly by trucks from nearby points, a few carloads be-| . There is not enough busi to establish prices on tl various kinds of merit at a range of 14.00216.00 per ton for timothy or clover o | Straw—No. 1 wheat, 12.00a12.50 per ton; No. 1 oat, 12.50a13.00. { . Live Stock Market. Cattle—Receipts, 50 head; light sup- ply, market steady on steers; cows dull, poor demand. Steers, choice, 13.50a .25: good, 13. 3. 212.75; common, 10.00a11.50. choice, 11.50a12.25; good, 10.25a11.00; medium, 9:00a10.00; common, 7.75a8.75. Bulis, to choice, 10.00a10.50; fair to good, 9.25810.00; common to medium, 8.0029.00, Cows, good to choice, 9.50a 10.00; fair to good, 8.25a9.25; common to_medium, 5.00a8.00. Sheep and lambs—Receipts, 100 head; light supply, market higher. lambs, .8.00a14.00. light pigs, 10.75; pigs, 11.90. Trucked hogs, 15 to 30 lower than quotations. Calves—Receipts, 50 head; light suj ply, market steady. Calves, 5.00a15.5 no extras. Vegetable Prices. Potatoes, white, 100 pounds. 75a1.25; new potatoes, barrel, 1.25a3.25; sweet | potatoes, 1.50a2.25; yams, bushel, 1.75a | 2.00; asparagus, dozen, 1.50a3.00; culls, | 50a21.25; beets, 0, 2.00a3.00; beans, bushel, 1.5022.25; bage, hamper, 40! a50; carrots, 100, 4.00a5.00; celery, crate, | 6.0028.00; corn, bushel, 1.25a1.50; cu- cumbers, bushel. 1.2523.00: eggpisnts, | crate, 1.50a2.00; lettuce, bushel. 8921 25; | lima beans, bushel, 2.50a3.50; on‘ons, | crate, 1.75a2.10; peas, bushel, 50a2.25; | Spring onions, 100, 1.00a1.25; radishes, 100, 1.50a2.00; squash, hamper. 60a70; peppers, crate, 2.00a4.00; spinach. bush- el. '50a75; tomatoes, crate, 1.50a2.50; apples, bushel, 1.25a3.00: blackberries, | quart, 8al5; cantaloupes, 2.0026.00; | cherries, pound. 6al8; grapfruit, box, 2.2524.50; huckleberries, quart, 15220 oranges, box, 2.00a3.50; peaches, bushel, 3.0084.00; strawberries, quart, 6al3;| ‘watermelens, 25a50. POTATO MARKET STRONGER. CHICAGO, June 25 (# (United | States Department of Agriculture).— Potatoes, receipts, 39 new, 8 old; on track 170 new, 48 old; total United States shipments, 543 cars; new stock only fair, market stronger on ‘best stock: Southern. sacked, Bliss ‘Triumphs, best 2.00a2.25; fancy, shade % er; North Carolina, barrel, Irish lers, 3.75a4.25; East Shore Virginia, parrel, Irish Cobblers, mostly 4.50; old +stock trading only fair, market dull; Wisconsin, sacked, round whites, 50. CHICAGO DAIRY MARKET. . CHICAGO, June 25 (#)—Butter ‘Thigher; receipts, 25,580 tubs; creamery extras, 42%,; standards, 42%: extra firsts, 40'2a4115; firsts, 39%,a40%;; sec- onds, 38a39. Eggs unchanged; receipts, undreds. 1 Aceiol Prod A. Acoustic Pro: anaBuced! 22 »58- turus_Radio T ona_Pover.. 0 ATk Natl G viation Credit. . ahia Corp PR > <! k4 55 wn-Bilt Hotels Az Tr L&P. ... riggs & Stratton.. Myers Mg A Budd Mig rts cash . 1 Buf Niag & E P PEu Nag & £ B 22 Bruck Steel Ml ulova Watch pfd. 8 Burrough Add Ma n 0 19Cent Pub 8 A 26 Gent States EI 0 32 Cent States FI 11 Cent _States EI 10 Cen Sta El conv 12¢ v 2Cohn & Rosenbery 4 Cohn-Hall Marx 749 Common 19 Col Sou. .. mmonw & Sou’ optl Cons Alrcraft ... 27 Gons Auto Mer v 2Cons Cizar war 7 Connct Elec 3ia: 20 Consol Dairy P... 3 Consol Biim . 17 € G Bait. 1 Consol G 2 Consol Instru . 1] Consol_La 2Cons Gas Re und util A Si e S T ‘Havilland For A TR C.. 7 Ix o o o = G 9 9! 3 3 e 2. St Sas z . = Py E5wER H af ‘Ehovel cpt pid ovel : Pow Cor - " ;qinnflq FrEEi Egg o ) 1 Motor Co. rehild Aviation A Corp i 1 B c 1 Water Enamel A nefal Inv rtes ©SnsaBndanls, 00! 00 90 8 90! o e 0 itine Corp * elena Rubenstein Fam Walk G if a res Ch ousenald Imp Chem! Insur Shares Intl Mercantile M Intl Prod nt] Project . ntl Saf Raz B nt] Shoe I 1 I % Intern Util Int In R O O Finan ‘pid ical 1 s 00 0 3 6914 D0 R 20980340 2 S T poterre) Row. 455 Marconi Intl arc Wire Lo hants M F Monroe Chemi - 2 Mun i 3 1M rts Gauge . at Bal 2 Natl Container ‘wl 2 Nail Container wi. 7 Natl Strs, Faas = e 2222 2A AL EZZ! 6 Ol 130 Backare 1 Qut INDUSTRIALS. Hiy 2egsES i SESIETES 3, @ 3% 2 as. 3% g SFEERE o BB awuint =548 5 tEE ] sy = LT R FIELEE & 2 wusam Rwoeu DD SRR 5 ;3":.6- i< S8 & ST d e - o Biai istens s massaritst PRI b et 55 v 5 5882583 S FEFFE b 4 B85 "Fs o W Zuunesy 3 P X3 FOTTC LTI TEEF y3unsgsy epyssesd & I s e BB K 1 & 88 oS! BES 93! s 2guSunieves IS TEE 88t Regis Paper.. 38t Regis Paper ptd 1Schlet & Zander } Sclilet & Zan ptd. . % Schuite Un sc-1 Sir. 3 Selfr Prov_Stores. 42 Sentry Safety Controi 21 30 Serv vte. v 2 Sentry Safety Cont ur 21 2 Eheafler Pen......... 51% 3 Sikorsky Aviatio B Siliea Gel ctfs.... 1 Smith Co (AO) . 3 Sonatron T Southenast P & L Southe P & L, 3Southe P & L. 1 South Asbestos 28ou C E B pfd Sou G E C pfd 14 Southland Rey 11 Sou Col Po A 1 Sou Grocery A 1 South Ice & U A 1 South Tce & uthw Dairs Prod . 1 Square Co B 14 South P & L 2 Sterling Sec_pf 11, StetscnJ B... Stuts” Mot m anscon A an Lux D ir " Trep LPSA [ 5] t Corpll. Tri Cont Corp ‘i runz_Pork Stores. Tun 8ol La sgu2SEus vz SN ST 8D E At et P vegiagadyann.conrynesy o = 532388558 w2 Btores Corp Wi . 8t Corp X” wi wi w pld. Western Air Exp. Whitenight Ine. Williams (R, C.) & C Wil Low caf pld.. s hundreds. INDEPENDENT 39 Am’ Con Oilfids. ..+ 13Am Maracaibo Co.. 0 Ol 1 Cons Royalty 44 Cosden Oil 83 Creole Pete 1Crown Cent Pels 54 Derby O & Rel Quit ol P, N Fuel Gae wel Gas New "Bradford 6. N te Rov. ... Pac_Werstern Oil Plymonth Ofl Ryan Con .... 8alt Ok Cons 2 Salt Ck Prod ANDARD 011, ISSUES AND s SUBSIDIARIES—STOCK! Salas in_ units. 400 Anglo Am Ol A A O 100 Buckest 100 Chesbr-sh M{& 3200 Cont’l OIl . 50 Cumberland i 0 & R, > Za 53 B4% PAT A B 223> > 2505 ! ESi S . 2333333 - sscec e EE > > = s al Ad Co ro 55 P&L 55 5 0 P&L ¥ = . 2sEezsz ey =3z28s%: S8 4 % NEW YORK CURB MARKET INLIGHTER CREDIT == Received by Private Wire | Direct to The Star Office « A 2026 .. 103 SEMER % £ 3% 1sl Lt - 103 s N Morris Munson 3385 .8!.. = e SECLPETES 83358232 s "4 991 50 ww 1002 o £ tla E itts Steel 63 o 85 53 65 A 4 Eou Cal Ed 55 ‘81 , 99 outh Cal G 58 '57... 99% uth Cal G 8s '37. . 9214 w P&L 65 A 2022 103 43, 80Y s 47 89 2025 102 100 Staley Mfg 6s N '8 17 Wisc Cent B8 ‘30... Of Sales in FOREIGN ‘BONDS. thousands. 5 TAsri Mor Ba 7s 3 Bank Prussia_6s ! 3 E 6135 3 Hanove: § Hone Tral Tias' AC 163 oo} Mumernow a8 7 it 55 ¥ B 'I;"l'l. Ty ! 8 A 1M 3 NSpon Biee a3s 53 on Biec 6135 ‘63 7 Rty Gas, 8123 A58 § Saarbruecken s '39.. sued N_New WW-—-With warrants. Markets at a Glance NEW YORK, June 25 (#).—Stocks strong; representative rails and indus- trials make new highs. Bonds Irregular; convertibles rise briskly in heavy trad- ing. Curb irregular; Cosden Oil soars more than 8 points to new peak. Foreign exchanged mixed; German marks ease slightly. Cotton higher; unfavorable weather. Sugar steady; trade support. Coffee higher; European buying. CHICAGO, June 25 (#).—Wheat easy; reports beneficial rains, Canada. | Corn firm; small country offerings. Cattle irregular; hogs strong to higher. BORDEN CO. ACQUIRES FOUR BALTIMORE FIRMS | Special Dispateh to The Star. BALTIMORE, June 25.—The Borden ‘Co a New Jersey corporation, was to- | day revealed as the concern with which four Baltimore ice cream companies have been merged. These companies were Hendler Creamery Co. Inc.; the Horn Ice Cream Co., the Supreme Ice ‘groelm Co. and the Clover Ice Cream According to documents filed with the % | State Tax Commiseion, issue of a ma- 4 1% FORMER 8. 187 1 3083 267 i 22eReS238382%! 25333288! R S L 1478 13% 6925 015 0 jian. 22 So3seane PRES 28333383858 »ooeeS3: s33322sss 38! poicriy jority of the stock in the four new concerns has been authorized to the Borden Co. in return for transfer to each of the business and assets of its predecessor. The total capitalization of the four new concerns, as authorized in the cer- tificate of incorporation filed with the Tax Commission, 15 $6,505,000. COUNTY HEARS PLANS FOR FILLING STATION | Arlington Zoning Board Makes Good Progress With Work. By & Staft Correspondent of The Etar. ARLINGTON COUNTY COURT HOUSE, Va., June 25-—Appearing be- fore the zoning commission at its regular weekly meeting last night, Harry C. Birge, a real estate dealer of Wash- ington, requested information as to whether the lots at the northwest cor- ner of Wilson Boulevard and Westmore- land street are to be zoned as com- mercial or industrial. Birge sald that he is contemplating u“flrumh.“ of the two lots, but re- fused to close the deal before he learn- ed how the section is to be zoned. When questioned as to what he intended con- structing there, he sald that he in- tended the installation of a gasoline | filling station. Chairman Fred A. Gos- nell then told him to submit plans for the station and the commission would pass upon them. He was also told that there is a special ordinance regulating the installation of filling stations and that the board of county supervisors Zg:ld have to pass upon the applica- The commission spent the greater part of the evening a_ continuation of the tentative zoning of the county, making considerable headway. Allen J. Saville, zoning engineer, told the commission that it would be unwise | to attempt to put the zoning ordinance into effect until after September 15, since many people would on_ their vacations until that time and might de- mand that certain decisions be reopened to permit their presence. BREEDERS TO CELEBRATE. Westerners Plan Observance of In- troduction of Short Horn. BOONVILLE, Mo. (#).—Ravenswood farm near here will be a shrine for cattle breeders June 25 when a celebra- tion commemorates the ninetieth anni- versary of the introduction of Shorthorn cattle west of the Mississippl River. ‘The American Shorthorn lreeders’ Association and the Missourl Shorthorn Assocation' will join local breeders in the oBservance. Ravenswood farm's Shorthorn herd is reputedly the oldest in the United States. The father of N. Nelson Leonard, Who now owns the farm, was president of the American Association for many years. Air Merger Report Denied. NEW YORK, 25 UP).—) current for the past week m D. C. TUESDAY, OIL MEN T0 GIVE REFINERY REPORTS Figures on Gasoline and Other Production Planned by Institute. BY J. C. ROYLE. Special Dispatch to The Star leum industry today is rolling back its cuffs preparatory to showing the cus- tomers of the country that it has noth- ing up its sleeve. Beginning tomorrow, the American Petroleum Institute will issue weekly a report of refinery statistics covering the runs of crude oil to stills and the gas- oline stocks and gas and fuel oil stocks on hand. These reports will supple- ment the crude oil production figures and will give a bird's-eye view to the the industry. Importance of Step. The importance of this step can be realized when it is remembered that approximately one in every four Amer- ican citizens digs down in his pocket at least once weekly to pay for oll, ! gasoline, fuel oil or other petroleum products. Since prices in the long run are bound to reflect the action of sup- ply and demand, it makes it possible for the consumer to estimate, roughly, at least, what his expenditures for se { products will be. The report will include the returns of both foreign and domestic crude to stills each week. This will reveal ade- quately the effect of foreign production on domestic prices. Few realize how closely developments in some of the for- 1 | eign ofl-producing countries come hor to them. Recently Venezuela staged a short uprising. The governor of Cu- racao, a Dutch colony, was kidnaped with his garrison. Some treated this development as opera boufe, but Ven- ezuela is producing thousands of tons of crude oil, which is making its way inte the United States and to United States refineries, Domestic Production. ‘The domestic ‘production, despite the fact that little definite action was taken at the conference at Colorado Springs, called to consider conservation of do- mestic_oil supplies, has been cut to somewhere near the amount demanded by the present huge consumption of pe- troleum products. The main trouble present is the influx of forelgn ofl. The Venezuela disturbance may yet have a de:;ged effect on this factor of the sit- uation. OVERFLOWING CREEK . WASHES AWAY CATTLE Heavy Rain Does Much Damage to Crops and Property in Fred- erick County. Special Dispatch to The Star. FREDERICK, Md., June 25.—Follow- ing the path of the ‘tornado, which swept through Frederick County about two months ago, taking two lives, & heavy rainstorm, of, cloudburst propor- tions, caused much damage to crops and highways in Frederick County yes- terday afternoon. Eldridge Haines, a farm laborer, employed by C. B. Red- dick, near Utica Mills, was found un- by lightning. Haines was not seriously injured. affic on the Frederick-Gettysburg highway, 5 miles north of Prederick, was suspended for more than an hour by the overflow of Muddy Run, a small creek, which swamped the road to a depth of 4 feet. A fleet of State road trucks worked late last night removing several feet of topsoil deposited on the road by the water. Twenty head of milch cows of Thomas A. Simpson, Liberty, were washed downstream by the overflow of Linganore Creek. Nineteen of the ani- mals were saved several hours later, one perishing. waters rose so rapidly that the cattle were caught in the flood before attendants could drive them from the meadow. . FORMER REGAL HUNTER HAS BIG JOB IN OHIO Tom Nas, Once Master of the Chase in Europe, Heads State Game Preserves. WELLINGTON, Ohio (#).—Tom Nash. an ternational authority on game propagation and once master-of- the-hunt for European royalty, is rals- lni. pheasants for the State of Ohlo. 'or 10 years he has been supervisor of the State Game Preserves here and at Portsmouth. Born in England, he 'w up on the estate of the Dukes of arlborough, where he was apprent to the gamekeeper. amekeeper on the huge estates of ince Szechenly, in Austria and Hungary. Nash tells of a hunt with the former German Kalser when, with the aid of falcons, 5,338 birds and animals were killed in a single day. Nash believes the number a world record. 4 KILLED IN ACCIDENT AS TRUCK IS CRUSHED Crash With Train Is Fatal to Three Children—Man Is Victim. Five May Die. By the Associated Pres: ), Mass., June 25.—Three children and a man were killed and four other persons injured here yester- day when a train struck an automobile truck at a grade crossing. The chil- dren were all residents of New York City and were vacationing at a farm ere. ‘The dead were Ruth Kline, 13; her sister, Sylvia, 11,; Sadie Saigo, 17, and Hyman Helamed, 34, driver of the k. Mrs. Ida Finkelstein, 38, of Brook- , N. Y., was taken to the Fairview Hospital, Great Barrington, where no hope was held for her recovery. Others injured were Mrs. Finkelstein's son Hyman, 4; Jullus Lansbourg, 7; the latter's brother, Nathan, 5, and Jack Kline, a brother of the dead girl. AMERICAN DENIES GUILT BEFORE ENGLISH COURT Driver in Automobile Tragedy Abroad Faces Trial for Man- slaughter—Released on Bail. By the Assoclated Press. BURNHAM, Buckinghamshire, 1 June 25.—Leslie Joshua 28, described as an American living on Grove End road, today en- tered a plea of not guilty of man- lhlxhfil’ in connection with the death of Graham, who died from in- iu.r'r in an automobile accident on Young Reynolds was committed for :;l:l at the Central allowed bail of £500. Reynolds’ counsel made the plea of wmly. reserved his defense and no witnesses at today's hearing in Police Court. Graham was struck by an automobile to_have driven by Rey- .r 14 and died in a bos- o o3 siid JUNE 25, 1929. NEW YORK, June 25.—The petro-|g .0 ultimate consumer of the situation in| which the oil industry has to face at |y | i Washington Ticker By the Assoclated Press. Prom the careful study just com- leted by the Commerce Department into the year’s international ent accounts it appears that foreign money and foreign financing played a more important role in American economics in 1928 than has yet been estimated. For one thing, forel owners as a class seem to have picked out that year to sell back on American markets quantities of securities of American en- terprises, some of which had been held for many years. COTTON CLOSES HIGHER. NEW YORK, June 25 (Special).— Under an unusually large volume of ess the cotton market steadied lbau%nll a bale today and ended with of 15 to 20 points. h it was estimated that over 150,000 of the local stock was tendered on July not the operation had been dis- counted through the liquidation of the past few weeks and beyond a widening of July discounts to nearly 60 points, compared with 49 points last night, de- livery had but little effect on the m: k':t,‘ .?:ou were advanced 15 points July . Taking the actual movement traced, | 3¢t0 the Government estimators concluded that such return home of American se- | Jan curities in 1928 amounted in money to $1,153,000,000, nearly twice the $661,- .000 total of such resales in 1927. At the same time, in an exactly reverse movement, foreigners bought on Ameri- can markets $1,634,000,000 worth of | American_ securities to take home, and the world thus ended the year with more American financial paper than it had at the start. In view of the fact that stated loans of American capital abroad amounted to $1,483,000,000 for the year, while American purchases of foreign securities issued abroad amounted to about $030,000,000 more, it can be said that in a rough way the foreign borrowings of American money were almost immediately reinvested in| the United States. “This was particularly true of the Canadian account,” said Dr. Ray O. Hall, chief author of the study. “The trend clearly seems to be for foreigners to take the earnings of their American | investments in new security purchases. However, the income from American investment abroad is being brought home, and American foreign invest- ments are, in fact, not growing as much as supposed. The .new, annual inyest- ment of American money abroad does not equal the interest and dividend earnings of the country's capital that is now abroad.” 2 Incidentally, the calculations cited are pretty complete pictures of the ac- tual investment and money movement. ‘There were 157 of the largest inter- national banking concerns reporting to the department on their 1928 transac- tlons, while 50 New York Stock Ex- change brokers handling international business - responded to the question- naires. In general, it js believed that all but 10 per cent of the international security exchanges were traced out. One small item that has been offi- cially censored out of the international balance accounting is the cost of smug- gled liquors coming into the United States. The Commerce Department re- fuses to calculate on that subject, because of objections other government agencies hold to the ldv!flising of the bootleg- ging trade. Notwithstanding, from study of discrepancies in the portion of e balance statement affecting the matter it seems possible to say that forelgn operators gained last year somewhere between $75,000,000 and $150,000,000 of American money as a credit for smuggled liquor. Impression that the House tariff bill is due for major rewriting in the di- rection of decreased rates has been gaining ground among observers ever since the Senate last week by a one- vot> margin barely withheld a decision to confine tariff revision to agricultural products. It will take many months f“ before test votes disclose the out- look, but it 18 possible now that even the changes the Senate committee will make in the House measure will have to run the gantlét of a floor majority critically inclined toward the revision. “It looks a pretty doubtful situ- | ation,” said Senator Jones of Washing- ton, who, though a Westerner, has sup- | ported the advance of tariff rates in previous sessions. “The sentiment ex- | posed by the Senate votes is pretty | strong. There is no question but that we shall have difficulty in holding the .rates on shingles and logs, in whi my own State is closely interested, and throughout scheduies I look for close votes when the time comes.” Anthracite production so far in 1929 is 400,000 tons less than it was in the same period of 1928. The calculations, made by the Bureau of Mines, disclose the difficulty the Pennsl;gvlnin industry, once almost dominant in control of the Nation’s household fuel supply, is hav- | ing to maintain operations. Largely the dificulty ‘arises the competi- tion of fuel oil with hard coal, and the ! people interested see no prospect for| the removal of that factor in their market for many years, if ever. In the face of decreasing demand and decreasing output, a number of the | big concerns are now reported to be reorganizing their operati manage- | ment, in an endeavor to get lower costs | 1 METAL MARKET. NEW YORK, June 25 (#).—Copper steady; electrolytic spot and future, 18. Iron steady, unchanged. Tin easy; spot, 44.37; future, 45.00a45.25. Lead steady: spot, New York, 7.00; East St. Louis, 6.80. Zinc quiet; East St. Louis spot and future, 6.70. Antimony, 8.75. MILLER TRAIN CONTROL DEVICE TO BE INSTALLED/| Special Dispatch to The Star STAUNTON, Va,, June 25.—The Mil- | ler Train Control Co., with head offices in Staunton, Va., has been informed that Chicago is to have its first expe- rience with robot traffic control about July 1, which was announced Saturday, June 22. The installation of this newly developed electrical automatan is to be made at Marquette road and Woodlawn avenue, This particular type of control unit to be experimented with is known as the Miller “traflc ." Its operations are calculated to overcome the incon- veniences of fixed period light signals | [ at intersections where traffic is heavy on a main thoroughfare and light on the cross streets. The device is said to ment signals continuous! thoroughfare until cross-trafic ap- proaches to within 12 feet of the inter- section it touches a switch which gives a green light and changes the main artery signal to red. As soon as the Cross-| lc_car passes, the main line signal returns to green. AT PARIS BOURSE PRICES. PARIS, June 25 (#).—A heavy tone prevailed on the Bourse today. Three per cent rentes, 74 francs 70 centimes, Five per cent loan, 102 francs. Ex- change on London, 123 francs 96%; cen- imes. The dollar was quoted at 25 francs 577, centimes. s Paris has decided to solve her traffic problems by constructing traffic tunnels and a large underground parking garage beneath the Place de la Bourse. aintain move- on the main | Ia WHEAT CLOSES LOWER. CHICAGO, June 25 (#).—] ite tentative estimates from the U d States Department of Agriculture that the 1929 wheat crop of Canada wbuld be small, wheat values today tended downgrade. The total Canadian yield forecast was only 360,000,000 - to 400,000,000 bushels, compared with 534,000,000 bushels harvested last year. Showers in Canada -today, however, and others ted had a bearish influence on wheat prices, as did better weather in the domestio wheat hatjest region Southwest. Wheat closed nervous, 114 to 1% lower; corn, Vs decline to 12 adv: oats, 14a', to 3 off, and provi vn‘ymg from 7 decline to a rise of HEAT— High. Low. 12012 135% 93 94% N7 July : September | 4 o RAIL MERGER PLAN. | . NEW YORK, June 25 (#).—The Wa- | bash Railroad next Monday wil: file with the Interstate Commerce Comm sfon its plans for a fifth trunk Il from the Atlantic Coast to the We: The plans, which center around the Wabash, call for the_ inclusion of t Pittsburgh & West Virginia and the Western Maryland FEDERAL LAND BANK BONDS. NEW YORK, June 25 (Special) — Bid. Aske 19430p33 " 19530p33 . &J. 19550D35. ari. 1938-36 A woman of Carbis Bay, England, has enough electricity in her body to jad- Tlllnklzur a mild shock in every hand- shake. : H | HAWKINS | NASH “Conveniently Located om 18th Street” 1529 14th St. NW. Dec. 3320 R T We annoexee O A 1 10 TSR BN 3124 3% Connecticut at K - 1508 PHILADELPHIA June 25, 1929 LONDON OFFICE SOUTH SEA HOUSE 37 THREADNEEDLE STREET, E. C. 2 under the management of Mr. Gerald C. Maxwell G. M..P. MURPHY & Co. MEMBERS NEW YORK STOCK EXCHANGE 52 Broadway, New York RICHMOND the opening of a H St., N.W., Washington LONDON !' i § and a satisfactory ma of profit. ‘Wage cuts for the rank and file of min- | ers are not yet in prospect, and are unlikely to come into the situation in view of the fact that anthracite work- | ers are solidly organized and have an established plan of arbitrating scales with employers. | ‘There are more people in the country who can fly than there are airplanes for them to operate, it appears from | Commerce Department statistics on the i industry. The number of licensed pilots by the last count was 6,585, while the number of licensed planes was 4,317. The excess of pilots over planes is probably somewhat less than indicated, since a good many planes still fiy with- | out the Federal tags, remaining within the borders of their home State. Scheduled air transport operations exhibit the fastest-growing phase of the industry at present. The Government figures say that transport machines in scheduled service are now flying 70,000 miles per day, against 26,606 airplane miles that were being flown daily in: transport service on January 1. ‘The country that buys the most American overalls at the present time is Japan. On_the latest monthly fig- ures of the Customs Service overalls shipped to Japan numbered 487 dozen, more than went to all of Europe. The working garment is also popular in Central America and the West Indies. Collars and cuffs, probably that por- tion of attire offering the greatest con- trast to overalls, seem to be most desired in Cuba. The customs reports assign that country 5900 dozen as a month's export. Japan failed to balance its overall imports with collars at all. e Stock Value to Be Changed. NEW YORK. June 25 (#).—Stock- holders of the National Fire Insurance Co. of l:ll'zflfll;’d Cun‘l;‘ have :llut:fleed‘ posal chan, e par v fhrg stock from sno%‘w $10 a share, DIVIDENDS. Btock ot Period. Rate. Payable. record. SA $1.00 July 15 July 3 Q 180 Juls 1 Junels Q 175 July 1 Junels Corporatien. Anglo Natl_ Corp, ass A, initial.’ Cen 10 Lt 6% pi. 7% bl i [ LLLLELY GERMAN BONDS AND STOCKS. NEW YORK, June 35' (Special). ‘Asked. Ger Govt Red Loan with drawing 100 R M... 55.00 X Cifs attached ber 100 R 00.00 Criminal Court on ll"n";'o(?,;,;’,':' charge of manslaughter. He was AES Eptas rd B G 1do) = (gl e { n Ge ) pfd SRR 85 2 F. B. KEECH & COMPANY. Members of New York Stock Exchange Washington Stock Ezchange New_York Curb Market Chicago Stock Exchange Chicago Board of Trade Liverpool Cotton Exchange, Ltd., (Assoc. Members) New York Cotton Exchange Bremen Cotton Bxchange (Assoc. Members) N. Y, Coffee & Sugar Exchange, Inc. New Orlgans Cotton Exchange Winnipeg Grain Exchange Rubber Exchange of N. Y., Iac. DIRECT PRIVATE WIRES H CORNER 17TH ST., N. W., WASHINGTON NEW PHILADELPHIA YORK rPrOVIDENCE FIRST Tha investment in our 6% There are no suppositions in connection with them. very definite—in the security Over a Third of a and th ment ample Can Century Without a Loss from $250 up. SAUL CO. B K National 2100 MORTGAGES ~ SUPPOSE? t’s just the advantage of FIRST MORTGAGES All is e interest. Our appraise- of the property leaves protective margin. be bought in amounts ' 925 15th St. N.W, E FOR SAFETY