Evening Star Newspaper, June 25, 1929, Page 14

14 % FINANCIALD CHIPMAN ELECTED | FINANCIALT ADVANGE IN STOCK- ~Prev. 1920~ High. Low. Prev. | —Prev. 1929~ Stock and Sales Prev. Dividend Ra Stock ana Sales— Dividend Rate. Add 00. High. Low. ~Prev. 1029 Stock and ock Sales— Dividend Rate. Sales— Prev. Dividend Rate. ~ Add 00. High. Low. Close. Close. Prev. Stock and ‘SHIP £0. DIRECTOR Well Known D. C. Broker Is * Named on Board of I. M. M. BY EDWARD C. STONE. G. Bowie Chipman, Washington part- ner in the New York Stock Exchangs firm of Harriman & Co., has been elect- ed a director in the International Mer- cdhtile Marine Co., suceeding Donald Geddes, who has re- ed. s is is a high honor for a local financier, as Mer- cantile Marine is one of the largest caxporations of the kind in the world, and a glance at the directorate _ shows that the Morgan interests, as well as many other prom- inent financial con- cerns in Wall Street have members on the board. G. Bowie Chipman. Mr. Chipman has been a_personal friend of President P. A. S. Franklin for several years, and has also known several other members of the board. He has been one of the believers in the future of the stock, and 1t is supposed that his continued loyalty to the interests of the company caused his election to the board. Incidentally, the notice of his election to the board arrived on Mr. Chipman's birthday. He received many hearty congratulations this afternoon. With one exception he is the oldest active r in the city. His past interest in Mercantile Marine has been so active that he has frequently been called to New York for consultation with officials of the company. The New York financial reports to- day announce that plans for the recap- italization of the company were ap- proved by the stockholders at a meeting in _Hoboken yesterday. The new plan calls for the reduction in the number ©of shares and in the capitalization. Auditors’ Section Plans Election, ‘The final meeting of the year of the auditors’ section of the B. C. Bankers' Association will take place Thursday evening, at Olney Inn, starting at 6:: :n‘ In addition to a review of the year's work, the election of officers for next year will take place. This was on the convention program at Montauk, but there were not a sufficient number of the section members present, The fol- lowing have been named as candidates for the executive council: J. Dann Faber, American Security & Trust Co.; Raymond G. Marz, Riggs National; Rllph Bndlcon Wuhl.nnon Yonn&'rrun John E. Benton, - can Security & Arthur J. Llnn. Federal-American; A\xdlzy P. Savage, National Savings & Trust; Robert A. Sisson, Washingin Savings Bank; Wil- lHam M. mrm Lincoln National! Leo P. Madigan, Mount Vernon Slvln and Eugene R. Marks, Merchants Blnk & Trust Co. Bankers to Resume Luncheons. - Local bankers will resume their regu- lar weekly luncheors at the Wiilard to- morrow at 12:45. This will be the first luncheon meeting at which the newly elected president, Wilmer J. Waller, will have charge of the proceedings. An effort is.being made by the new secre- tary of the association, C. H. Pope, to get every member bank to send one or h‘m of its senior officers o the meet- Montauk Convention Echoes. Q'h-rles J. Bell, chairman of the board the American Security & Trust Co., hted with the telegram sent e convention. Mr. Bell is now as con- | prove. Ernest E. Herrell, president of the International Finance Corporation, was at the convention, as usual. It is doubt- ful if he has missed any of the 11 con- wventions so far held. PFrank P. Harman, jr., in addition to arranging and reserving places for the gnests at the Island Club and the fam- dinners, found time to go out and cntch a shark that the captain of the boat said would weigh nearly = 200 Nathan Weill, district agent of the Pennsy, was with '.he bankers throughout the trip and took care of all their wants in the cases of those who returned on other trains in order to stop off in New York. Financial District Notes. Net income of the Chesapeake & Ohio Railroad for May amount ,186,- d to $3, 303 compared with $2,963,379 in May, ln order to prevent congestion in eclerical work, American Telephone & ‘Telegraph Co. will accept checks for subscriptions to 41 per cent convertible debentures, postdated July 1, which will not be used until July 1 G. M.-P. Murphy & Co., members New York Stock Exchange, announce the opening of a London office at South ‘Tea House, 37 Threadneedle street, E. C. 2, under the management of Gerald Maxwell. The firm's headquarters is in New York, with branches in Phil- adelphia, Washington and Richmond. Federal Reserve Board's condition statement of weekly reporting banks in 101 leading cities on June 19 showed increases for the week of $194,000,000 in loans and investments, of $214,000,- in Government deposits, of $18, 000,000 in time deposits and of $46,- 000,000 in borrowings from Federal Reserve Banks, and a decline of $170,- 000,000 in net cemand deposits. Loans on securities, which were $175,000,000 a2bove the June 12 total, mde 88% 79 AbIttLIP&Ppfs). 2 841 1591 101 Abraham & Straus.. 10 122 :sn 389 Adams Express (6)., 82665 85 Adams Exp pf (5), 3 85 asu 27% Adams Millis (2) 4 31 104% 27 Advance Rumley.... 7 38% 119 40% Advance Rumley pf. 3 60 4% 2 AhumadaLead...... 5 2% 153% 95% Air Reduction (3). 152% 48% 374 Air Wal El Ap(2%) 11% 4!z Ajax Rubber. 10% 4% Alaska Juneau. 37% 27% Alleghany Corp 35 105% 99% Alleghany C pf 100% 100% 100% Alleg'y pf rets(5%) 100% 811 241 Allled Ch & Dye (6) 318 125 1204 Allied C& D pf (7) 121% 247 166 Allis-Chalm Mf (7) 26415 42% 22% Amerada Corp (2)... 2! 78% 40% Am Agricui Ch pf. 134% 110 Am Bank Note (13).. 60 Am Bank Note pf (3) wn 80% 46 Am Beet Sugar pf 3 40% Am Bosch Magneto 5974 41 Am Brake Shoe2.40. 2 5y 126% 122 AmBrS&F pt 34% 15% Am Brown Bov Ele: 104 49% AmBrownBE 3 151% 107% Am Can (t4)... 163% 106'% 92 Am Car & Fdy (6). 7 984 120 116 Am Car & F pf (7). 1144 85'% 70% Am Chain pf (7).... 80 46% Am Chicle (2) 5614 431; Am Com Alc (k1.60). 23% Am Encaust Til (2) 75% Am & For Power. 88 Am & For Pw 2d p lfls'q 104% Am & For Pw pf ( 304 Am Hide & Lea pf, 64 Am Home Prd (3.60) 38 AmIce (13).. . 89% Am lce pf (6). 524 Am Internat (32) 415 Am La F & Foamite. 5 1267 102% Am Locomotive (8). 123 188% 1474 Am Mch & Fdy (4).. - 1 166% 81% 50 Am Metal (3).. 65 113% Am Metal pf (6).... 120 Am Piano pf... 2! Am P&L pf A st (5). 40% Am Rad&Std San 2% 4314 Am Republics....... 61 Am Safety Raz (13). 82% Am Seating (3) 8114 Am Shipbuilding (8) 108 8 93% Am Sm & Ref (4)..., 115 108% Am Sm & Ref pf (7). 2 13 Am Steel Fdy (3). 16 6 Am Stores (2).. 3 661k 4 Am Sumatra (3). 3 38 | 2381 193% Am Tel & Tel (9).... 196 218% 186'%s 160 Am Tobacco (8) 11 170% 188 160'% Am Tobacco B (8). 21 170% 121% 115 Am Tobacco pf (6).. 115% 155 136'% Am Type Fdry (8)... 144 146%3 674 Am Water Wks (c1). 107 140 97 Am Water W 1st(6). 100% 16% Am Woolen... 184 42 Am Woolen pf. 434 9 Am Writ Paper ctfs. 13% 94'4 Am Zinc Ld&Sm pf. 9613 99 Anaconda Copper....1421 115% % 44 Anchor Cap (2.40). 108 Anchor Cap pf (6% 68% 44% Andes Copper (3). 49% 29 Archer-Dan-M (2). 95 85% Armour Del pf (7). 18% 10% Armour il (A). 10% 5% Armour 11l (B). 86 72 Armour Il pf (7) 40% 19% Arnold Constable. 58% 49% Asso Appl Ind (4) 70% 43 AssoDry G (2%). 107 94% Asso DG 1st pf(6). 110 94 AssoDG 2d pf(7) 228 195% Atch T&SFe (10).. 7 104% 99 Atch T&SF pf (5)... 191% 169 Atl Coast Line (110). 66% 32 AtIG & W Indies.... 31 59% 45% At1G& W Lpf(4).. ]u 48 12 62 !HE"{ 2 SZ‘A B 271% 210 Baldwin Loco (7) 9 249 183 115% Balto & Ohio (6).... 190 125% 110% 104 Bamberger pf (6%). 10s 105 7% 64% Bang & Aroos (3%).. 3 76% 29% 7 BaruetLeather..... 1 11% 49% 38% Barnsdall (2).... 113% 87 Bayuk Cigar(2). 29 35% 224 Autosal Bendix Aviation (2). 147 118% 82% Bethlehem Steel « ). IBn 123 116% Bethlehem St pf (7). 2 61% 42% Bloomingdale Bros.. 10 49% 136% 110% Bohn Alum&Br(14) 34 1221% 11% 6 Booth Fisheries. ) 98 831 Borden Co (3).. 9116 143% 107 Borg Warner (j4)... 17 63% 30% Briggs Mfg.. 35 6% 3% British Empire Steel 13% &% British Em S$tl 2d pf. 42% Brockway M T (3)... 145 106 +Brockway pf (7).... 1% 60% Bklyn-Manhat(4)... b5 212'% 170 Bklyn Union Gas (5) 27 47 38% Brown Shoe (2%) 14 554 381 Bruns-Balk-Col(3 441 18 BrunsTer&RyS 42% 25% Bucyrus rie (1). 50 38% Bucyruscvpf (2% 117 112 Bucyruspf(?)...... 10s 68% 514 Buffalo & Susq pt (4) 20n 53% 46 Bullard Co (1.60). 39 22% Burns Bros B.. 829% 234 Burr Add Mch (15).. 12 89% 56 Bush Term (g2)... 110% 108% Bush Term deb (7). 10- 91 415 Butte Copper & Zinc. 4 «12% 6% Butte & Superior 12} 41 28 Butterick Co. kLT 192% 122% Byers (A M)... 121% 105 Byers (AM) of 51% 10s 110% 81% 72% Calif Packing (4)... 13 76 135 1244 Calumet & Ariz (1 8 129% 617 36% Calumet & Hecla(4). 49 43 90% 78 CanadaDryGA (5). 2 884 61% 55 da South (3)... 10s 55 265% 218 Canadian Pac (10)... 481 36% Cannon Mills (2.80). 331% 308 Case (J 1) ctfs (6). 79% 52 Celotex (3). 48% 30 Cent Aguirre (2). 52% 40% Cent Alloy Steel (2). 1124 105% Cent Alloy St pt(7 110% 360 305 CentRRofNJ (12). 2 332 128 88% Cerro de Pasco (6).. 99% 28% 161 Certain-teed Prod. 2 248 230 195 Ches & Ohio 110). 34 228%, 10415 78% Chesapeake Corp (3) 38 9415 19% 11% Chi & Alton. . 12 15% 25% 14 Chi& Alton pf. 23% 12% Chi Great Western. o increased in all but one district, the principal increase by districts being: New York,' $92,000,000; San Francisco, $18,000.000; Boston, $17,000,000; Chic: £0, $14.000,000; Philadelphia, $13,000,- 000, and Cleveland, $10,000,000. Bonds in Fair Demand. ‘Bonds were in fairly good demand on the Washington Stock Exchange today with several thousand-dollar denominas tions, one $2,000 and one $7,000 block moving during the session. Reeent prices prevailed. One hundred shares of Barber & Ross common stock sold at 19, Mergenthaler sold ex-dividend at 105, Security Stor- age moved at 120, and 64 shares of Capital Traction registered 92, ex- dividend. Ohe _hundred shares of Potomac Elec- tric Power 5% per cent preferred changed hands at 106%. There were several other smaller sales in other is- sues, one of the last being three shares of Rl[g\! National at 571. Nearly half of the other bank stocks on the list are now being quoted ex-dividend. TICKEfi—STO(;K SYMBOLS ° SHORTENED FOR SPEED By the Associated Pjess: NEW YORK, June 25.- —The New York Stock Exchange is splitting seconds to increase the speed of the stock ticker. The spurt in buying of Auburn Auto has won for this stock a new ticker symbol—AAC—which will save about a tenth of a second over the printing of the old abbreviation— ABU. To pflntm:w--ymbolme ‘wheel containing the letters and fig- uruwlllmh-vemnnhum- a turn as heretofore, lfin’ of the active stocks have only one letter for a uymbol. such as "v B i s s 397 63% 4B 94 80% Chi&N W (4). .39% 28% Chi Pneu Tool. 5614 481 Chi Pneu T pf ( 9 139% 115 Chi R1& Pac (7).... 134 108 105% Chi RI& Pac pf (7). 104 38% Chickasha C Oil (3). 3% 44% Childs Co (2.40)..... 175 71 66 Chrysler Corp (3). 5% City Ice & F' (3.60) 5 52 20% City Stores (1) . 36 21% 120% Coca-Cola (4). . 14 132% 47 Coca Cola A (3) 1 47 21 48 Collins & Aikman. 4 7813 56 Colo Fuel & lron. 56 81 53% Columbia G&E (2).. 267 J08 103% Colum G&E pf A (6). B8 Col Gas&E? pf B(5). G 121% Columbn Carbn t4%. 62% 43 Com Credit (2)...... 116 105% 95% Com Crd 1st pf(6%). 10s 95': 85 ComCristexw6ls. 10s 26% 24 Com Credit pf (1% 195 131% Com Inv Trust (14).. 627% 27% Com Inv Tret wi 416 225% Com Solvents ¢ 238 107% Comnwealth PvArN. 93 59% Conde Nast Pub (2). 35% 19% Congoleum-Nairn. 92% 69 Cong Cigars (153%).. 96% 176% Consol Cigar(7) 96 84 Consol Cgr prpf 6% 60s 30% 25 Consol Film Inpf(2) 3 125% 95% Consol Gas (3).. 100% 98 Conso! Gas pf (5). 6% 2% Consol Textile. 23 Container Corp A. &l 124% Contl Can pf (7). . % 79 Contl Insurance (2). 17 Contl Motors (80c).. 62 17% 82 Corn Prod (13) 260 mzl/. Coty Inc (§2). 45 85% Crosley Radio (31).. 12 91 48% Crown Cork & Seal. . 1% Cuba Cane Suga 5 Cuba Cane Sugar ot 114 Cuba Co..vevven ] © M Cuban-Amsr kuA 60% Cuban-Am Sug pf... i0s 63% 841 119 650 85 30% 38 60 214 150 40% 5% 5% 34% 1004 100% 301% 1211 241% 4; m"s 5414 ) 148% 7% 114 T87% 120% 166% n.'m 216 170 170 115% 144 135% 100% 17% 42 13 96 1131 1% 9574 311 32% 245 124% 105 6% 1t 4T% 116 . 881 116 34 3% 614 504 138% 110% T5%. 128 42% 109% 331 99 2414 226 9114 14% 19% 15% 424 314 511 By 34 52 130% 108 374 66% 4% 49% 21 120 47 17% 100% 591 21 421 98% 2% % 13% " 18% 63% Close. Close. 84U 84 121% 650 110% T5% 129 42% 117% 110% 6% 129 43% 7o 55 231 Cuban Dom Sugar. .. Curtis Publishing (6) Curtiss Aero (1).... Cutler-Ham (3%)... Cuyamel Fruit. . 2% 5 1237 33 164 4 41 64y 3 88 e iy Davison Chem. ..... Deere & Co pf (7). Delaware & Hud (9). Del Lack & W (7). Detroit Edison (8) . . Devne & Ray A (13). Diamond Match (8) Dome Mines (1) Dominion Strs (1% Drug Corpn (4) . Dunhill Inter (34) Du Pont de N(14% Eastman Kod (18) . 11 49% 20s 4 1 7 1 508 7 24 129 183 117 stman Kod pf (6).1008 125% Faton Axle & S (3).. Eitingon pf (6%). Elec Auto Lite (6) Electric Boat. Bl Pwr & Lt (1) El Pwr & Lt pf (7). Klec Stor Bat (5). Endicott-. Eng Pub Eng Pub Sve pf (5).. ng Pub Sve pf(51%) uitable Bldg(2%). SRV, l" Fairbanks Co pf Falrbanks Morse (3) Fash Pk Asso(k21). Fed Lt & Tre (313%). Fed Lt & Tr pf (6).. Fed M&SpL(7).... Fed Motor Tr (80c Fid Phen F Ins (2 Fifth Ave Bu Filene's So (2). (sch & First N Pic 1st ( at Stores 1%‘ Fisk Rubber 1st pf. & Flei Florsheim Shoe pf 6. Fox Film A (4)..... Freeport-Texas (4).. G Gabrlel Snub A, Gardner Motor. Gen Am Tnk Car(£4) Gen Asphalt 4 Gen Bronze (2). Gen Cable, Gen Cable A (4) Gen Cigar (4).. Gen Electric (6) Gen Elec spec (60c). Gen Sl A (e1%) GenG & EIDLA (7). Gen Mills (3)....... Gen Hotors (13.30). . Gen Motors pt (7)... Gen Outd Adv A (4). Gen Outd Ad vte (2). 4 Gen Ry Signal (5) Gen Refrac (13%) Gillette Safety R (5) Gimbel Brothers. ... Gimbel Bros pf (7 Glidden Co (t1%) Glidden pr pf (7). Gobel (Adolf). . Gold Dust (234) Goodrich BF (4). Goodyear Tire (5) Goodyear 1st pf (7). Gotham Silk H (2%) Graham-Paige. . Granby Consol (7).. Grand Stores (1).... Graham-Paigect. ... Grand Union pf (3). % Granite City Stl (3) Grt North pf (5).... Grt North pfet (5).. 4 Grt Nor Ore (al1%).. 2% Grt West Sug (2.80). 4 Grt West Sug pf (7).200s Greene Can Cop (8) Gulf Mo & North. Gulf Sta Steel (4) Hackensaek pf (1%). Hahn Dept Stores. .. Hahn Dept S pf(6%) Hanna (M A) 1st(7). Harbison W pf (6).. Hayes Bdv (b8 % stk) Helme (G W) (17)... Hershey Chocolate. . Hoe (R) & Co. Holland Furn (e21). 4 Houd Hersh B (1%). Howe Sound (t4%). 3 Hudson & Man (2%) Hudson Manh pf(5) Hudson Motor (5) Hupp Motor (2) 4 61 4 95 281 166% 13 108 21 3 22 10s 2 1100 19 208 28 3 708 308 23 34 48% 2 Ilinois Central (7).. 11linois Cent pf (6).. Independ Oil & G (2) Indian Motor Cycle. . Indian Refining..... Indian Refining ct. Industrial Rayon. Ingersol Rand (5%). Inland Steel (3%)... Inspiration (4). 4 Interboro Rap Tran Intercontinental Rul Intl Agricultural. ... Intl Business M (5 Intl Cement (4). Intl Comb Eng (2 Intl Cmb Eng pf (7). it Harvester (2 A 4 Intl Mer Marine pf.. Intl Nickel Can (80c) Intl Pap & P A(2.40). Intl Pap & PwrB.... Intl Pap & Pwr C. Iatl Pap & Pwr pf(7) % Intl Print Ink (2%).. Intl Silver (18)...... Intl Tel & Teleg (2). Inter Dept St (2). Island Creek Coal % Johns-Manville (3).. Johns-Manv pf (7). . Jones & Laugh pf(7) % Jordan Motor Ca Kan City Sou (5). Kelly-Spring Tir Kelsey Hayep (2) Kelvinator Corp. . Kennecott (5)..... Kimberly Cirk(21) . Kinney (G R) (1).. Kolster Radio. ... Kraft Ph Ch (1%). Kresge S S (1.60). Kreuger & Tol (1.3 Kroger Gr&Bak(cl Lago Ofl & Tran: Lambert Co (8) Lee Rubber & Tire. . 13 139% 15 143 40 185 100s 122 108 121 4 Leh Port Cm pf(7). . 13 Lehigh Valley Coal 4 Leh Val Coal pf (3).. Lehigh Valley (3%). Lehn & Fink (3) . Liggett & My (15). Liggett & My B (15). Lima Locomotive. .. Link Belt (2.4¢) Liq Carbonie (f Loew’s Inc (13) Loew's Inc pf (6 % Loft Inc Loose-W! Loose-Wiles 1st l1). Lorillard (P) Co... Louisiana Oil. ... Lou G & K1 A (1%) Louis & Nash (7) Ludlum Steel (2 Mac A & Forb(12.85) MacA & Forb pt (6). McCrory A (2). McCrory B (2)... McKeesport T P (4). McKesson & Rob (2) McKes & Rb pf(3%) Mack Trucks (6). Macy Company (13). Madison Sq G (1%).. Magma Copper (5).. Mallinson & Co. . Mallinson pf (7). Mandel Bros (23).. Man Elev mod (d5) Man Shirt (2).... Maracaibo Oil Exp.. Marland Oil. ... 30 208 362 12 106 1 51 1 38% 208 107% 17 19 2 12 22 5 2 2 508 5 2 — Add 00. High. Lozw 122 161% 61% 88 487 1193 Close. clo;e High, Low. 80% | ed Il-mw . Maytag Co 1st pf(6). Melville Shoe (1.40) . Mengel Co %129 Metro Gold pf (1.89). Mexican Petrm (8).. Mexican Seaboard. Miami Copper (4). Michigan St1 (2%) 4 Mid-Continent P (2). Middle States Oil. ... 4 Middle States Oll ct.. 4 Miller Rubber....... Minn Moline Pwr. Minn Moline pf 6%.. MStP&SSMIL(4). Mo Kan & Texas. 3 Mo Kan & Tex pf(7). Missouri Pacific. Missouri Pac pf (5). Mohawk Carpet 123 . Mont Ward (2%).... Moon Motors. . Morrell J (3.60). Morris & Issex (3% ) Mother Lode (40c) Motion Picture Moto Meter A ct. Motor Products (17). Motor Wheel (2 Mullins Mfg. .. % Munsingwear (137) Murray Corp (a3). Natl Bella Hess(11). Natl Biscuit (16%).. Natl Cash Reg (14). 4 Natl Dairy (31%)... Natl Dept Stores Natl Distillers. ¢ Natl Distillers pf ( Natl Lead pf B (6) Natl Pwr & Lt (1). Natl Tea (13). Nevada Copper (3) Newport Co A (3). 1% Newton Steel (3) 49% 4 N Y Air Brake (3). 206 : N Y Central (8). 145% NYChi &St L (6 109% ! NY Doek pt (5)..... N Y & Harlem (5)...13 NY N H & H(4) YNH&Hpf (7)., Iways pf. ... N Y Steam Ist pf(7). Norfolk&\Wstn(110). Norfolk&Wstn pf(4) North Am(b10%stk) North Am pf (3) Northern Vae (5). North Pac et (3).. Northwestn/Tel (3). 10s Norwalk Tire& Rb.. 4 Norwalk Tire pt 20s Oil Well Sup pf (7).. 208 Oliver Farm Equip.. 5 Olivr Fr Ep ev pt(3). Olivr Fr Eq pf A(6). Omnibus Corp. ... Oppenheim Col (5).. Orpheum Cir pf(8).. Otis Elevator (6). Otis Steel 3% Pacific Gas&E (2).. 25 70 Pacific Lighting (3). 10 Pacific Ol stubs..... 4 Pacific Tel & T (7) 4 Packard Motor (15). 81 Pan-Am Pete B. Pan-Am West B..... % Panhandle P& R.... Panhandle P & R pf.. Paramount-F-L (3). Park Utah (80c).. 4 Pathe Exchange. ... Pathe Exchange A ... 4 Patino Mines (3.89). Peerless Motor Car.. Penick & Ford. ... 4 Penn Dixie Cement. . Pennsylvania RR(4) Pere Marquette (18). Pere Marq pr pf (5). 4 Phelps Dodge (3). Phila Co (17)........ Phila & Read C& I.. Philip Morris (1).... Phillips Pete (1%).. Pierce-Arrow A. Pierce Oil. & Plerce Petroleum. Pillsbury Flour (2).. 4 Pirelll Co A (2.88)... Pittsburgh Coal. Pitts Steel pf (7) Pitts& W Va (6) P Rican Am To ( Postal Tel & C pt(7), Postum Co (3) Prairie Oil & Ga: Prairie Pipe L (t4).. Pressed Steel Car. .. Prod & Refiners. ..., Prod & Refiners pt Prophylactic (t4). Pub Sve NJ (2.60) 103% Pub Sve NJ pt (6) 117% Pub Sve NJ pf (7) 105% Pub Sve E&G pf(6). 78 Pullman Corp (4). 23% Pure Ol (1%). 111 Pure Oil pf (8) 109% Purity Bakeries (3) 6814 Radlo Corp.... Radio pf A (3%) Radio pt B (5) Radio-Kelth-Orph A. 170 4 Reading (4). Real Silk Hoslery... . Real Silk Hos pf(7).. 30s Reis (R) &Co....... 6 Remington-Rand. ... 18 i Reo Motors (11.60).. Rep Brass A (4).. Rep Iron & Stl (4) Reynolds Spring 2 Reynolds Tb A (2.40) 120s Reynolds Tb B(2.40) Richfield O11 (2)..... Rio Grande Oil (k2). Ritter Dental (215).. Rossia Ins (2.20)...4 Royal Bak Pwdr(1).. Royal Dutchtal.336) S- i Safeway Stores (3).. 2 Safeway Strs pf (7). St Joseph Lead (13). 54 St L-San Fran pt (6) Schulte Retall Strs.. 16 Seaboard Air Line. .. Seaboard Air Line pf Sears Roebek (3 Seneca Copper Sharon Stl Hoop Shattuck F G (2). Shubert Theater (5). Add 00. High. Low. Close. Close. 1 82 82 82 2 461 60 61 4 1617% 208 105 Simmo 4 Simms Sinclal 27% 24% 2% 24 Skelly 24% 210 4 Snider Spang- Spicer Spiegel exas % Tex Gu Texas Texas Truax Union Union Union Union Union Underw-El-Fish(4).. Utd Aircraft&Tran: Utd Aircraft&T pf Y ns Co (3) 101% 102% 102 Pet (1.60) 304 31 31 rOil (1214) 35% 35% 364 0il (2). 38% 384 38% Sloss Sheffield steel Packing pf. So Porto R Sug 12%.. 4 Southern Cal Ed (2). Southern Dairies A.. Southern Dairies B Southern Pacific (6 Southern Rwy (8). Southern Ry pf(5). Spalding A G (1.60).) Spang-Chalfant..... 1% 1% "\fi 132% 134 133% 144% 146 144% 95% 95! 59 59% 39% -Chalfnt pf(6) 10' 95 Sparks Withgtn (14). 1 Sparks Withgtn (n).. 2 Spencer Kelg(1.60) 1 Mfg pf (3) 1 1-May-St (3).. 10 Stand Com Tob (1).. 6 Stand Gas & El (3%) 110 Stand G&Epf (4)... 3 Stand Ol1 Calif (13).. 88 Stand OIIN J (12)... 199 Stand O1I N Y (1.60). 22 Stewart Warnr(3%) 257 & Studebaker (15). Studebaker pt (7 Submarine Boat. enn Cop & Ch (1)... Corp (3) ulf Sul (4). P C& Oil (b5). Pac Land Tr The Fair (2.40).. Thompson J R (3.60) 4 Tide Water Asso. ... Tide Wat Asso pf(6) 714 Tide Water Oil(80c) . Tide Water Oil pf(5) Timken Det Ax(80¢) Timken Roller (3) Tobacco Pr (1.40). Tobacco Pr A (1.40). ‘Transci Trico Prod (2%). ontinental Traer (1.60) 44 137% Bax & Paper.. 1 32 Carbide(2.60). 387 102 Oil Calif (2) 12 48% Pacific (10)... 60 234% Pacific pt (4) .. 3 813 7 137% 105 3 5 Utd Biscuit (1.60)... lfll"‘ 103 % Utd Ci, 44% s Utd Ci 3% i L % Utd Corporation. 5 Utd Corp pf (3). 31 Utd Electric Coal(3) 31 % Utd Fruit (c4 Utd Paperboard..... U S Cast Irn Pip (2). USCst1P1st(1.20) “ USCs U S Di U S Di Vanad! Warre Webst. West I Westn Westo Westv: White White White White # Woolw % Yale & 4 Young Young 4 16113 4 Colum 117% 94y Sales of 10:30 A.M. Dividend rat 5% i Bl | laratio % in stock. §Plus a Paid this year—no Payable £Plus 10% in stock. JPlus 8% in' stock. Woolw Worthington Pump. . Worthington B...... Wright Aero (2). Wrigley W (ct3%).. Yellow Truck & C. 46 11 gar Stores(1). 19 gar St pf(6) 2 217 t 1P 2d(1.20). stributing. ... strib pt (7). U S Hoffman (4). U S Ind Alco (6)..... U S Leather... . U S Leather A (4). U S Realty (5).. U S Rubber U S Rubber 1s U S Smelt Ref (3%). U 'S Smelt Ref pf 3% U S Steel (7)....... U S Steel pf (7).... U S Tobacco pf (7) Uni¥ Leaf Tob (3) 4 Univ Pict 1st p£(8).. 108 Univ Pipe & tad..... 6 Util Pwr & Lt A (e2) 50 4 Vadsco Sales........ Vadsco Sales pf (7).. ium (14).. Vick Chemical (4) Virginia-Car Chem Virginia-Car 6% pf.. 2 Virginfa-Car pf (7).. Vulcan Detinning 504 Warner Bros Pict. % Warner Bros Pic (n) Warn Br P pf(2.20).. Warner-Quinlan (2). Warren Bros (15). n Kdry & Pij er-Eisenlohr. Wess Oil & Snow (2. Wess O & Sn pf (4).. West Penn E1 A (7). 30s West Penn El ptf (6). 30s West Penn El pf (7).100s West Penn Pw pf(6) 10s ‘enn Pw pf (7) 10s Dairy (B).... 6 62 Western Maryland Western Pacific. Western Pacit pf. Western Union (8).. 1. Westngh Air Brk(2). 19 Westngh EI&M (4).. 198 Westngh E 1st pf(4). 10s Weston El Instru.... 17 n ElA (2) 1 aco Chlor (2). 15 Eagle Oil (2). 4 Motor (1) 1 Sewing Mach. Sw Mch pf(4). 2 Wilcox Rich(A)2%.. 3 Wilcox Rich(B)c2... 14 Willys-Over (c1.20). 33 Willys- 1 Wilson&Co A.. 8 7 2 4 1 1 Over pf (7) orth Co (6)... orth Co.. 15! 133 734 Y- ‘Towne (4). 1 72% 41% Sp&W (12%). 64 69% % Sheet & T (5). ~ 6 139 137 RIGHTS _EXPIRE 1 Am Tel & T..July 11020 105 Ches & Ohio..July 1 7 69% 6714 StL-San Fran (8)... 47 118% 94% St L Southwestern., 17 937 204 147 204 Seagrave (e1.20) 15% 164% 5% 5 ° 314 31% Gas&Elec ... 546 5% 44 Col Graph ...July 10 286 6% Int Tel&Tel ..July 5 421 4% l Loft .........July5 40 % Stocks on New York luh.lm 303,200 1.908.500 'S as glve the cash payments based on" e lntest qu-mru":n'-'n'-rfl }?:.G"”“" 43% 43y (SUR 08 tradioe less than 100 shares. yBartly, g feius 172% Shell Union (1.40)... 43 267 26% 2615 26m |In Stock 4 507 33 ln preterred stock, 1-28 3 e Plu 3 K Plus INCREASE IN U. S. CORN EXPORTS IS REPORTED By the Assoclated Press. More than twice as much corn was exported from the United States during the seven months period ending June 1 than in the corrosponding period 1927-28. The Department of Commerce an- nounced tmily that more than 36,000,- 000 bushels were exported during-the 1928-29 period while during the pre- vious corresponding period the amount was more than 15, OM 000 bushels. More than two-thirds went to the United Ktn dom, the Netherlands and Canada. increase was attributed by the c«mmercz Department to the poor sea- son for feed crops in Europe and to the carly disposal of the Argentine crop. CRUDE OIL PRODUCTION SHOWS GAIN IN WEEK By the Associated Press. TULSA, Okla, June 25—With the exception’ of West Texas, every major. fleld in the United States re] gorted in- creased crude oil production during the week ended June 22, the Oil and Gas Journal says today. The total daily average production increased 46,943 barrels over the previous week. roduction of all fields was , as compared to 2,743,186 in the week ended June 15. klahoma an increase of Proximatciy 800 bareis - o1 O California production, boosted by increasing mng:e in the deep- area~of m!” Springs, soar- pproximately 39300 barrels above for the pnv Wall Street Briefs By the Associated Press. ~Merger of the H- -yes Body Corpora=~ tion with another I independent automobile body mlnm}:turerp;n ue:- of | derstood to be under way. Interests associated with the Hayes o) have admitted that ge‘o“;ltl‘:ni:‘tfi;; pending, but declined to identify the other company, Almost 100 o cent of the e holders of Betgl'ehem Steel h:ve“fi:- scribed to the new .offering of one share at $85 for every three held. The New England Public Service Co. has purchased the Bethlehem Electric Co. and the Lisbon Light & Power Co., both located in New Hlmplhn- The Laconia C-r Co. of Laconia, H, has decided to close its ur-hulldtn‘ plant and liquidate assets incident to that part of its b\mneu The Norfolk Terminal & uu'gurn tion Co., a subsld!lry of the peake & Ohio Railroad, the Southgate Termlnlh ll Norlolk. Va., effective July The transaction was Teported to have involved between uaom lnd 81, ooo,m Stockholders of the Olunnty 'l‘nut Co. of New York today v: increase in the cnplm -m ~tn uu. 000,000 from $70,000,000 th issu- anceofaoom-huun $500 on_the basis of one new share for each '.hm and a half held. Of the proceeds, $: 000 will be added to capital Ind the remaining §80,000 to surplus. U..S. GRAIN EXPORTS SHOW DECREASE DURING WEEK By the Associated Press. Grain exporss from the Unif last week were 1,144,000 hnh’:fl’um gt Tl e B an for week last year. i ;Department of Commerce figures show the amount of wheat expongd for u: re 372,000, -wn.- un,oog mmm 103,000, against m oats, against 49,000; rye :nlnn uaooo Cnn-dlnn |nln cleared United States Atlantic ports w 415,000 bushels, ‘lllnlt 2“!000 Ior oo s am“"""' ea = 000 barrels, ullnlt 242,000, i COPPER C0. DIVIDEND. j also hel VALUES RESUMED Market Shows Strong Under- tone Despite Hiuherkflate for Money. %' BY STANLEY W. PRENOSIL, Associated Press ‘Financial Edfor. NEW YORK, June 25.—Stock prices showed a decided inclination to ad- ce today ite the stringency in call money. Early losses of 1 to nearly ints were largely wi b early afternoon and a long sold 1 to 11 points higher. records were established by at least a score individual stocks, including Amer- jcan Can, General Electric, Allled Chemical, North American, Atchison and Pennsylvania. Call money renewed at 10 per cent, and there was a further cal?ing of loans which threatened to send the rate to 12 within the next day or two. The time meney market was dull, with no change in rates. Business news continued favorable in character. As generally expected, Ana- conda Copper directors voted to con- tinue the $7 dividend rate on the in- creased capitalization. Libby Owens directors authorized a 4 for 1 stock split up, and a doubling of the annual dividend. A series of excellent indus- trial and railroad earnings statements {0 create a more cheerfu! feeling. See Easier Credit. While some of the conservative com= mission houses continued to urge cau- tion in the making of new committments because of the possibility of another drastic “money pinch” in the next few days, there was a rather general feel- ing that the stringency was temporary, and that easler credit conditions would prevail before the middle of July. Despite recent unofficial inllmllbn.l that there had n no change Federal Reserve credit policy Wall Bf.l!et believes that a relaxation is inevitable before the crop harvesting season is in full swing. ‘While the day’s buymcg operations were rather selective in character, the chemical, public utility, merchandising, can and railroad shares all gave fairly good demonstrations of group-strength. Profit-taking developed in some of the recent strong spots, but there were no outstanding points of weakness. Demand for such leaders as United States Steel, American Can and New York Central, which advanced 33 to 5 points, was an influence in raising the general market to still higher figures in the final hour. Allled Chemical and Allis-Chalmers gained 8 points while _Baldwin Locomotive, Auto-Lite, Motor Products, F. C. Shat- tuck and Pittsburgh Coal advanced from 4 to 5 points. The closing was strong. Irregularity developed at the open- ing as a result of the flurry from 7 to 10 per cent in the call money rate yesterday. Goodyear Rubber, which was under pressure yesterday, rallled 215 pmn'.! North American advanced 1 and Corpontlon three-quarters. Sell- ing pressure was resumed against aconda Copper, which opemd 1% lower. Chalmers dropped 2 nolnu and Columbia Graphophone 1. Early Selling. While most commission houses point- ed out that stiff money rates were likely to be temporary. several of them urged caution in the of new commitments until it could be d:ter- mined how severe the midyear credit stringency was likely. to be. It is esti- mated that $80,000,000 in loans were called yesterday. Early selling centered largely in the public utilities. Declines of a point or more were red by Consolidated Gas, Standard Gas & Electric, Amer- ican & Foreign Power and American Telephone. Reading droppui 2 points and New York centnl 1% New Kodak Kodak “Co. Phant. NEW YORK, June 25 (#).—The East- man Kodak Co. this week will begin construction of a plant at xlnvpan, Tenn., for the manufacture of cellulose acetal speculative AMERICAN FOUNDERS CORPORATION (Business Organized 1922) In addition to its valuable holdings of the shares of its affiliated companies, American Founders Corporation has a general portfolio of investment securities distributed interna- tionally among well diversi- fied bonds, preferred stocks and common stocks. Resources over $70,000,000. COMMON STOCK BOUGHT SOLD QUOTED Mackubin, Goodrich & Co. Bankers Established 1899 Members New York and Baltimore Stock Ezchanges Investment Building Washington, D. C. 111 East Redwood Street Baltimore, Md. GUARANTEED Where Shall I Invest My Surplus Funds? T can't risk a penny. I surely esa't affer surely 4t Sochute Wiy Prot i