Evening Star Newspaper, June 27, 1929, Page 14

EPCO EARNINGS SHOW LARGE GAIN Report for First Five Months cf Year Made to Com- mission. . BY EDWARD C. STONE, Total net earnings of the Potomac Electric Power Co. for the first five months of the present year were $194.- 550.85 ahead of the same period in 1928, and for the month of May, $20,645.41 ebove May, 1928, sccording to the statements fiied with the Public Utdlities Commis- sion. v Gross earnings from operations in May amounted to ing expenses were $328,466.12 in com. 272 a year ago, ing net earn- ings from opera- tion of $459,520.07, compared with $430,532.39 & year ago. A carnings showed a gain this of $30.379.08, the net from also showed an advence of $28,996.68. Gross earnings less operat- ing expenses amounted to $476.804.35 in compari with $442,186.19 in May, 1928, an ease of $34,618.06. After all other deductions total net income for the month amounted to $319,359.34, agail $298,713.93, an increase, as noted above, of more than $20,000. The Potomac Power Co.'s gross earn- ings for the first five months of the present year reached $4,176,071.09, com- pared with $3.943,668.55, an increase of $232.402.54. Operating expenses requir- ed $1675.909.23, in comparison with $1,635.809.25 in the corresponding period in’ 1928, a reduction in operating costs of $40,099.98. Net earnings from operations during the period amounted to $2,500,161.86 against $2.307.859.30, an increase this year of $192.302.56. Miscellaneous in- come totaled the sum of $66,120.11, com- pared with $53,046.83 in 1928, a gain of $13,073.28, leaving after all other re- ductions a total net income for the five months of $1,760,369.69 in comparison with the same period’s total a year ago of $1,565,978.84. ‘W. R. & E. Earnings Reveal Gains. ‘The Washington Railway & Electric Co.’s statement filed with the Public Utilities Commission reveals increases in net earnings in May compared with the same month a year ago and also for the first five months of 1928 compared | ‘with the corresponding 1928 period, Operating revenues for May, 1929, totaled $512,693.46, compared with $503,081.62. Operating expenses and taxes required $416,178.56, against $395,920.05 in May, 1928. Operating | income after the deduction of the above operating expenses amounted to $96.- 514.90, against the higher figure a year ago of $107,161.57. Non-operating income amounted to £351,402.12, compared with $318,313.16 a year ago, and the ocmpany's total gross income reached $447,917.02. Last year this item was $425474.73. The usual deductions left a total net in- come for May of $389,302.95, against $360.883.43 in May, 1928, an increase in_the recent month of $28,419.52. The five months figures show total operating revenues of $2,476,933.44 com- pared with $2,468,699.37. Operating ex; s penses required $2,025, $1,977,42840 a year ago. Ofl:flt\n' in- totalled $4! , compari- son with $491,270.97 in the first five months of 1928. ‘The company -had a non-operating income of - $770,532.26, against $691,- 646.25. Gross income less operating ex- penses and taxes reached the sum of $1,221,765.20, compared with $1,182,- 917.22. The usual deductions from gross were $319,779.35, against $324,- 34425 last year, leaving a total net income for the five months of $901,- 985.85, in comparison with $858,572.97 a year ago. or a gain so far this year of $43,412.88. New High for Washington Gas. Twenty shares of Washington Gas Light stock sold on the local stock ex- change today at 12512, a new all-time high mark in this issue. The market closed with 124!, bid and 126 asked. Prices remained strong in moderate trading in other issues, Capital Traction selling ex dividend at 92%, Washington Railway & Electric preferred at 96, Federal-American Bank at 332, Mer- chants Transfer & Storage common at 120 and Mergenthaler at 105, ex dividend. Potomac Power 515 per cent preferred came out 107, and 300 shares of Na- tional Mortgage & Investment preferred registered 412. Bond trading was rather. light at firm prices. Banker Leaves for Maine Resort. Edward J. Stellwagen, president of the Union Trust Co., leaves Washington tomorrow for the Poland Springs House at Poland Springs, Me. Mr. Stellwagen has been a regular Summer visitor at the Maine resort, for more than 40 years. He has been well acquainted with four generations of the Rocker tamily, one of the most famous fam- ilies of hotel keepers in America. John B. Larner, president of the Washington Loan & Trust Co., left yesterday for a vacation at his country home near Mifflentown, Pa. Harry G. Meem, vice president of the trust com- pany, is in charge during Larner's ab- sence, William P. Folger, chief national bank examiner of tye fifth district, was a guest of the local bankers at the weekly luncheon yesterday. He is leav- ing Washington to become executiv vice president of the Norfolk National Bank of Commerce & Trust. Edward L. Hillyer, vice president of the Union Trust Co., ieaves for Maine tomorrow, where he will pass the Sum- mer at Northeast Harbor, near Bar Harbor. Mr. Hillyer has nearly recov- ered from his long illness. Eliot Wadsworth, former Assistant Eccretary of the Treasury, is to be added to the directorate of Stone & ‘Webster, and, after 40 years of private cwnership, a big_public offering of the | stock is soon to be made. Eliot H. Thomson of the Washington | Loan & Trust Co. is taking his vaca- tion, being on a motor trip through New England. H More Local Bank Dividends. ‘The directors of the Security Savings | & Commercial Bank have declared the | regular quarterly dividend of 4 per cent | payable Jjune 30 to stock of record| June 26.. { The Washington Savings Bank has| declared the usual semi-annual dividend | of 3 per cent, payable on July 1, to| stockholders June 28. Edw. J. Stellwagen. ~Prev. 1920~ High. Low. 54% 384 88% 79 15914 101 96 85 B57h 27H% 104% 27 4% 2 153% 95% 487 37w 41 Stock ana Dividend Rate. Abitibi Power & Pap Abitibi P& P nf(6) Abraham & Straus. Adams Exp pf (5). Adams Millis (2 Advance Rumley. . Ahumada Lead. . Alr Reduction (3) Air Wal E1 Ap(2%).. Ajax Rubber Alaska Juneau. .. % Alleghany Corp Alleghany C pt Alleg’y pf rets(53). Alllance Realty (ft3) 10s Allied Ch & Dye (6). Allied C& D pf (7). Allis-Chalm Mf (7) Amerada Corp (2). Am Agricul Chem Am Agricui Ch pf Amal Leather. .... Amal Leather pf. Am Bank Note (13) % Am Beet Sugar. ... Am Beet Sugar pf Am Bosch Magneto, Am Brake Shoe 2.40. ‘Am Brown Bov Elec. % Am Can (14).. Am Car & Fdy (6) Am Chicle (2)..... ¢ Am Com Ale (k1.60). Am Encaust Til (2). Am & For Power. ... Am & For Pw pf (7). Amn & For Pw 2d pf. Am Hawailan (1). Am Home Prd (3.60) Am Tce (13). Am Ice pf (6) . Am Internat (2). Am La Foamite. 75 60 Am LaFr& Foam pt 10s 126% 102% Am Locomotive (8).. 70 188% 147% Am Mch & Fdy (4).. 1 Am Metal (3)....... 34 Am Nat Gaspf (7).. 10s Am Piano pf.. Am Pow & Lt (11) AmP&LDPLA (3). Am Pow & Lt pf (6). 64% 121% 106% 4% 61 4l 32% 7 94 Am Republics. . Am Roil Mill (c2) Am Safety Raz (15). Am Seating (3)..... Am Ship & Com..... 1 ‘Am Shipbuilding (8) 905 Am Sm & Ref (4).... 73 AmSm & Refpf (7). 1 Am Steel Fdy (3). 14 Am Steel Fdy pf (7). 20s 5 Am Stores (2).. 4 Am Sugar Rfg (5) Am Sugar Rfg pf(7). Am Tel & Tel (9). Am Tobacco (8). Am Tobacco B (8) Am Tobacco pf (6).. Am Type Fdry (8)... ‘Am Water Wks (c1). Am Woolen. . Am Woolen pf...... Am Writ Paper ctfs. Am Writ Papr pt (3) Am Zinc Ld&Sm..... 13 Anaconda Copper(5): 553 Anchor Cap (2.40)... 2 Anchor Cap pf (6%). 1 Andes Copper (3)... 103 Archer-Dan-M (2) 6 Armour 111 (A) 18 Armour 111 (B) . Armour 111 pf (7). Arnold Constable. Art Metal (132). Asso Appl Ind (4) Asso Dry G (2%). Asso D G 1st pf(6). Atch T & S Fe (10).. Atch T&SF pf (5)... Atl Coast Line (110). AtIG & W Indies.... 19 AUG&WLpt ()., 2 Atl Refining (11%).. 609 Atlas Powder (4). 2 Atlas Tack....... Auburn Auto (34)... Austin Nichols Autosales....... Autosales pf (3) 238% 193% 182 186% 160 188 160% 121% 115 155 136% 146% 67% 27 16W 58% 41% 5% 9 46 39% 49% 244 140 99 62% 44 124 108 2347% 195% 104% 99 191% 169 67% 324 41 1 Baldwin Loco (7)... Baldwin Loco pf (7). 10s Balto & Ohio (6).... 181 Bamberger pt (6% ).100s Bang & Aroos (3%). 12 Bang & Aroos pf (7). 20s Barker Bros (2). 1 Barnsfall (2)....... 200 Bayuk Cigar (2)..... 1 Bayuk Cgr 1st p£(7) Beacon Oil. y “Beech-Nut Pack (3).. 2 17% 11% Belding-Heminway. 93y 78 Bendix Aviation (2). 93% 75% Best &Co (3)....... 118% 8214 Bethlehem Steel (4). 123 116% Bethlehem St pf (7). 61% 42'% Bloomingdale Bros.. 136% 110% Bohn Alum&Rr(14) 113 6 Booth Fisheries. 98 §3% Borden Co (3).. 143% 107 Borg Warner (j4) 109% 85 Boston & Maine. . 63% 304 Eriggs Mfg 6% 3% British Empl 73% 42% Brockway M T (3) 81% 60% Bklyn-Manhat (4) 18 212% 170 Bklyn Union Gas (5). 7 47 38% Brown Shoe (23)... 55% 38% Bruns-Balk-Col(3).. 44% 18 BrunsTer&RyS... 50 38% Bucyruscv pf (2%) *85 54% Buff & Susque. . 531% 46 Bullard Co (1.60). 7 105% 95% Burns Bros pf (7)... 105 329% 234 Burr Add Mch (15).. 1 89% 56 Bush Term (g2)... 2 110% 103t% Bush Term deb (7).. 30s 118% 110 Bush T Bldg pf (7).. 60s 912 4% Butte Copper & Zinc. 2 12% 6% Butte & Superfor (2). 2 192% 122% Byers (AM 29 . 408 59 1 108 8 395 4 25 81% 72% Calif Packing (4)... 5 135 124% Calumet & Ariz (10), 23 61% 36% Calumget & Hecla(4). 19 90% 78 CanadaDryGA (5). 31 265% 218 Canadian Pac (10)... 19 481 36% Cannon Mills (2.80), 2 92v 82 Car Clin & Ohio (4). 331% 308 . Case (J 1) ctfs (6). 79% 52 Celotex (3) 48% 30 Cent Aguirr 5215 40% Cent Alloy 2 128 88% Cerro de Pasco (§).. 16 28% 164 Certain-teed Prod 6 811; 4715 Certain-teed pf. 1 230% 195 Ches & Ohlo (10). 43 104% 78% Chesapeake Corp (3) 36 > 11% Chi& Alton........, 24 14 Chi& Alton pf.. 17 Chi &§ast 111 Chi & ¥ast 111 pf.... 12% Chi Great Western. . 38 ChiGreat Westn pt 27% Chi Mil §t P&Pac. .. 46'% Chi M1l St P&Pac pf. 80% Chi&NW (4)...... 28% Chi Pneu Tool 48% Chi Pneu T pf 139% 115 ChiR1& Pac (7). 98% ChiR L& Pacpt (6). 373 Chickasha COil (3). 44% Childs Co (2.40) Chrysler Corp (3). City Ice & F (3.60). 20% City Stores (1). 104 CCC&StLpf (5). 120 Coca-Cola (4)...... 50 47 CocaCola A (3) 7214 48 Collins & Afkman. . 7813 56 Colo Fuel & Iron. 9 81 531 Columbia GRE (2).. 232 88% 65% Couml Graph (29.1c) 274 199 121% Columbn Carbn t4%5. 33 62% 43 Com Credit (2). 7 26% 24 Com Credit pf (1% The Virginia Railway’s May net was up 84 per cent and for the first five months of the present year showed a 34 per cent advance over a year ago. Store Chain Expands. NEW YORK, June 22 (#).—Advices from San Francisco say that McMarr Stores, In., has acquired the Piggly ‘Wiggly Puget Sound Co. and the Ta- coma Piggly Wiggly Co., bringing the McMarr chain to 1,050 stores. Radio-Film Merger Denied.. .. . o NEW_YORK, June 21 (P)—Reports negotiations were under way for an afliation of Fox and PAFAmOURt interests with Radio America have been denled 105% 95% Com Crd 1stpf(6%). 1! 131% Com Inv Trust (t4), 7 . 108 42 “101% Com Inv Tr pf (7). 4 225% Com Solvents (h8) 107% Comnwealth Pwr 4. 93 504 Conde Nast Pub (2). 35% 19% Congoleum-Nairn. 92% 69 Cong Cigars (15%) 1% _ % Conley Tinfoll sta. 96% 76% Consol Cigar (7). . 4 96 84 Consol Cgr pr pf 6% . 50s 30% 25 Consol FilmInpf(2) 4 125% 95% Consol Gas (3).... 100% 95% Conso! Gas pf (5) 70% 51 Consol RR Cub pf(8) 6% 21 Consol Textile. 419 238 8815 Contl Baking pf (8). | “80% * 60 ' CONA Can’ (2%) .. .. ‘367 94% 79 Contl Insurance (2). 16 328% 17 Contl Motors (80¢).. 366 CCContinental Ofl 6! 2% 82 Corn Prod (13) + 141% Corn Prod pf (1) 10. 1 Sates— Add 00. High. Low. 408 Rt 41 844 48 3 14% 320 64 324 4l . 250 116% 125% 106 64 1041 113 4% 7 138% 5% 1287 4 75 128% 4214 ) 232% 23 100 24% 73 231% 981y 11% 1 79 6235 196 163% 101% 441 ..1094 1 25 Close. 4 2% 14% 326% 64 3214 a1 262% 1164 126% 75 128% 424 874y 232 Prev. Close. 413 581 B5Y% 30% 151 981G [ 46 31 254% 116 126 5018 6314 261 101 163% 10114 17 ~Prev. 1020~ 4215 85 Stock and Dividend Rate. Crown Cork & Seal. . * Crucible Steel % Cuba Cane Sugar Cuba Cane Sugar Cuba Co. .. e Cuban-Amer Sugar. . Cuban-Am Sug pf. Cuban Dom Sugar Cudahy Packing (4). Curtis Publish pf(7) Curtiss Aero (1).. Cushman's pf (8)... Cutler-Ham (3%).. Cuyamel Fruit. . Davison Chem. Deere & Co pf (7)... Delaware & Hud (9], Del Lack & W (17). Denv & R G,W pf. Detroit Edison (8). . Devoe & Ray A (13). Diamond Match (8). Dome Mines (1).. Dominion Strs (1%) Drug Corpn (4)..... Dunhill Inter (14) Du Pont de N(14%). Dupont d N deb (6). Durham Hoslery stman Kod (18).. ton Axle & S (3).. lec Auto Lite (6) Pub Sve pt (5).. ble Bldg(2%). Ixchange Buf (1 Fash Pk Asso (k2 d Lt & Tre ($1%). IM&SPLAT).... d Motor Tr (80c) Fid Phen F' Ins (2).. Fifth Ave Bus (64c) Filene's pf (634). ... "irst Nat Stores 1% . #'isk Rubber. Fisk Rubber 1st pf. ischmann (1339). 4 FI Florsheim Shoe A Freeport-Texas (4) et s Gabriel Snub A 2 Gardner Moto: Gen Am Tnk Car(34) Gen Asphalt. . . en Asphalt pf (5).. ls Gen Bronze (2) Gen Cable A (4). Gen Cigar (4). Gen Electric (6) Gen Elec spec (60c. Gen Gas&EL A (e1%) Gen G & EIpt A (7). Gen Mills (3).. Gen Mills pf (6). . Gen Motors (13.30).. Gen Motors deb (6).. Gen Motors pf (7 Gen Outd Adv A (4 en Outd Ad vie (2). ien Public Service. . ien Ry Signal (5) Gen Refrac (13%) Gillette Safety R '(5) Gimbel Brothers. ..., Glidden Co (11%)... Glidden pr pf ( Gobel (Adolf). 4 Gold Dust (235). Goodrich B F (4). Goodyear Tire (5) Goodyear 1st pf (7)., Gotham Silk H (2%) Graham-Paige...... Graham-Paige ct. Granby Consol (7) Grand Stores (1). Grand Union. . Grand Union pf (3).. % -Granite City Stl-(3). Hanna (M A) 1st(7 Grant W T (1). Grt North pf (5) Grt North pf et (5).. Grt NorOre (ali).. G1t West Sug (2.80), Hackensack pf (1%). 10s Hahn Dept Stores. .. Hahn Dept S p(6%) Sales— Add 00. High. 314 Prev. Low. Close. Close. 4315 424 4 100% 101% 39 A% 131 4 5 13% 20 13% . 30s® 6315 2 2% 4 51 2 115 5 115% 67% 67% 104% 100 11 104% 1 100 74 1% 3 102 100 15% . 50s 10 107y 1284 123% 6l 461y 334 27% 7 36% 1 Hamilton W pf (6). . 220s Harbison Walk (2). 4 Hartman B (1.20)... Hayes Bdy (b8%stk) Helme (G W) (17)... Hershey Chocolate. . Her'shey Choc pf (4) . Hershey Ch pr pf(6). Hocking Val (10).. Hoe (R) & Co. g Holland Furn (e2%). Hollander & Son. ..., Houd Hersh B (1%). Househld Finance pt 2 Houston Oil Howe Sound (14%) . Hudson & Man (23%) Hudson Motor (5) Hupp Motor (£2) Illinols Central (7).. Independ Oll & G (2). Indian Motor Cycl Indian Refining. Indian Refining i Inland Steel (3%) Inspiration (4) Interboro Rap Tran. Intercontinental Rub Intl Agricultural, ... Intl Business M (5) Intl Comb Eng (2) latl Cmb Eng pf (7). Intl Harvester (23). Intl Harv pf (7)..... Intl Match pt (3.20) . Intl Mer Marine. ..., Intl Mer Marine pf. Intl Nickel Can (80c) Intl Paper pf (7).... Intl Pap & P A(2.40). Intl Pap & Pwr B Intl Pap & Pwr C. ... intl Pap & Pwr pf(7) Intl Print Ink (2%).. Intl Print Ink pt (6). Intl Rys Cent Am. .. Inltl Rys CntAct... Intl Ry Cn Am p£(5). Intl Silver (18). ... Intl Silver pf (7).... Intl Tel & Teleg (2). % Inter Dept St (2).... 3. Jewel Tea new (3).. Johns-Manville (3) Johns-Manv pf (7). . 108 +2508 . 10s 14 i 1101 17 91 4 94 27 306 3 1 2 58 3 37 18 142 41 854% 5 23 45% Jones & Laugh pf(7) 20s 120 9 Jordan Motor Cai Kan City Sou (5). Kautmann DS (1%). Kayser J & Co (5) Kelly-Spring Tire Kelly-Spring 8% pf.. Kelsey Hayes (2)... {elvinator Corp Kendall Co pf (16%) Kennecott (5). Kimberly Clrk(2%) Kinney (GR) (1)... Kiney (G R) pf (8). 90s Kolster Radfo. ... Kraft PhCh (1%). Kratt Ph Ch pf (6%) Kresge 8§ (1.60). 20 14 1 8 Kreuger & Tol(1.34) . 10: Kroger Gr&Bak(c1). 26 oSSy LagoOil & T Lambert Co (8)..... Lee Rubber & Tire. . Leh Port Cem (2%). Leh Port Cm pf(7).. Lehigh Valley Coa Leh Val Coal pf (3) .+ Lehigh Valley (3%). Lehn & Fink (3)... Liggett & My (15). ) # Liggett & My B (15). Lima Locomotive. .. Liq Carbonic (t4%). Loew's Inc (3 . Ln;w‘l Incpf (6%) 1 77 . 1929 Low. 138% 661 a7 1% 16 _ Stocx and Dividend Rate. Louis & Nash (7). Ludlum Steel (2). Sales— Mac A & Forb(12.85) 1 MeCall Corp (4)..... 2 MclIntype Pore M(1). 8 McKeesport TP (4). 10 McKesson & Rob (2) 15 McKes & Rbpf(3%). 1 Mack Trucks (6).... 12 Macy Company (13). 33 Madison Sa G (1%).. 1 Mazma Copper (5).. 1 Mallinson & C Manati Sugar. Man Elec Supply. ... Man Elev mod (d5). Man Shirt (2)....... Maracaibo Ol Exp & Marland O1l. cen Marlin-Rockw (14).. Marmon Motor (4).. Martin-Par; Mathieson Alk (e2). Mathieson pf (7).... May Dept Stre (4) Maytag Co (12). Maytag Co pf (3). Ma¥ tag €0 1st pf( Mengel Co Mexican Seaboard Miami Coprer (4)... Michigan St1 (234).. o5 Mid-Continent P (2). ®32 Middle StatesOil. ... Middle States Oil ct Minn Moline Pwr. Minn Moline pf 635 .. Minn & St Louis. Mo Kan & Texas. ... Mo Kan & Tex pf(7). Missouri Pacifie. . Missouri I'ac pf Mohawk Cafpet 123 . Mont Ward (21%) Moon Motors 214 Morrell J (3.60)..... Mother Lode {40c). Motion Picture Moto Meter A.... Moto Meter A ct Motor Products (1 Motor Wheel (2).... Mullins Mg > Munsingwear (131%%) Murray Corp (a3) 9 0 Nash Motors (6). ash Chat & St L( Natl Acme (1). Natl Air Trans...... Natl Bella Hess(11). Natl Biscuit (1616). . tl Biscuit p (7). . Natl Cash Reg (14). Natl Dalry ($1%)... 20 Natl Dept Stores Natl Distillers Natl Distillers pf(7). NatlLead (5)....... Nati Lead pf A (7). 10s Natl Pwr & Lt (1)...1069 2 atl Ry Mex 1st pf. . Natl Supply (18). Natl Surety (5). atl Tea (1%)...... evada Copper (3).. Newport Co A (3) Newton Steel (3). N Y Air Brake (3) N Y Central (8). YChi&StL (6). N N N N N 24 ¥ Y YNH&H pt (7) N Y Ont & West, Y Steam pf (6). Norfolk South (234 ). Norfolk&Wstn(110). 5 Norfolk&Wstn pf(4) 20s North Am(b10%stk) 376 North Ampf (3).... 2 % North Am Ed pf (6).. 1 No Ger Lighd (3.41). 7 Northern Central (4) 80s Northern Pac (5). 4 North Pacct (5).... 4 Northwestn Tel (3). 50s Norwalk Tire & Rb e Oil Well Supply..... 9 Oliver Farm Equip.. 12 Olivr FrEpevpt(3), 3 Olive FrEq pf A(6S. 5 Omnibus Corp. ...... Orpheum Cir pf(8).. Otis Elevator (6). Otis Steel. ....... Owens 11l Glaks (4).. PacificGas& E (2).. 37 Pacific Lighting (3).. 34 Pacific Oil stubs. 21 Pacific Tel & T (7)... 508 Packard Motor (15). 78 Pan-Am Petroleum.. 6 Pan-Am Pete B..... 333 Pan-Am West B, 1 Panhandle P& R. ... Paramount-F-L (3). Park Utah (80c) 4 Pathe Bxchange Pathe Exchange Patino Mines (3.89) Penick & Ford...... Penn Dixie Cement. . Pennsylvania RR(4) People’s Gas Chi (8). Peoria & Eastern, Pere Marquette (8 Pet Milk (1%) . Phelps Dodge (3). . Phila Co’6% pf (3).. Phila& Read C&I.. Philip Morris (1). Phillips Pete (1%).. Phoenix Hoslery . Phoenix Hos pf (7). Pierce-Arrow A..... Pierce Oil. .. Plerce Oil pf. Pierce Petroleum. .., Pilisbury Flour (2). Pirelli Co A (2.88) 4 Pittsburgh Coal. Pitts & W Va (6). Poor & Co (12) P Rican Am To (A)7 4 P Rican Am To (B).. 4 Prairie Pipe L (14).. Pressed Steel Car. .. Pressed St1 C pt (7). Prod & Refiners. . Prod & Refiners pf. Pub Sve NJ (2.60) Pub Sve N, Pub Sve NJ p Pub Sve NJ pf (7)... Pullman Corp (4). . Punta Alegre Sugar. Pure Oil pf (8 Purity Bakeries ( RadidCorp. . Radlo pt B (5) Ny Radio-Keith-Orph A. 222 Railway & Exp (2).. 2 Reading (4). gie Y Reading 1st pf ( 5 teal Silk Hosfery. .. Real Siik Hos pf (1) Remingtou-Rand. Reming-Rnd 1st (7). Reming-Rnd 2d (8).. Reo Motors (1.60).. Rep Brass A (4) Rep Iron & Stl (4) Reynolds Spring. ... Reynolds Tb B(2.40). Rhine West 1.92) Richfield Oil (2) Rio Grande Oil (k2). Ritter Dental (216) Rosaia Ins (2 20). Royal Bak Pwdr(1). Royal Bak P pt (6).. Royal Dutch1a1.336) Rutland pf.. 14 108 153 X 29 71 63'% 195% 154% Safeway Stores (3).. Add 00. High, © 5144 . 264 100% 14: 39% 324 32 09% 105 4 53% 63U 2 68 68 123% 831 14 164% 162% 162% 163, Prev Low. Close. Close. —Prev, 1929~ High. Low. 144 | 942 62 99 [.125 1091 9614 1 Stock and Dividend Rate. St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pf 3 L Southwestern 14 Schulte Retail Strs.. 39 - Schulte Retail pf(8). 10s Seaboard Air Line... 5 Seagrave (e1.20).... 1 Sears Roebek (32%). 247 Seneca Copper. ... 3 Sharon Stl Hoop (1). 57 hattuck F G (2).... 8 Shell Union (1.40). .. 134 Shubert Theater (5). Simmons Co (3)..... Simms Pet (1.60).... Sinclairofl (12%). Skelly Ofl (2) Snider Packing pf. So Porto R Sug 12% Southern Cal Ed (2) Southern Dairies B. . Southern Pacific (6). Southern Rwy ( Southern Ry pf(5) Spalding A G (1.60). Spanz-Chalfant. .... Sparks Withgtn (14) Sparks Withgtn (n). Spencer Kelg(1.60 Spiter Mfe. Spiegel-Mav-S Stand Com Tob (1).. Stand Gas & El (3%) 117 Stand G & E pt (4). 6 Stand Oil Calif (3). 98 Stand OfI NV (12). .+ 361 Stand OII N Y (1.60). 71 Stand Plate Glasss.. 1 Stand Plate Glass pf 120s Stand Sanitary(1.68) 1/ Sterling Sterling Secur pf. ... tewart Warnr(3%) tudebaker (15)..... Studebaker pf (7) Submarine Boat. 3 143 27 99% 9% 40 99 98% 16 16% 1% 70% 524 601 D87 14 42 "1208 34 53 Texas Corp (3). Tex Gulf Sul (4) Texas P C & Oil (b6) ' Texas Pac-Land Tr.. Thatcher Mfg. The Fair (2.40). Tide Water Asso. ... Tide Wat Asso pf(6) Tide Water Oil(80¢). 3 Tide Water Ofl pf(5) 1 % Timken Det Ax(80¢). 107 Timken Roller (3) Tobacco Pr (1.40) 145 ‘Tobacco Pr A (1.40). Tobacco Pr B ct. Transcontinental. Trico Prod (2% ) Truax Traer (1.60). Truscon Stl (11.20) U Underw-El-Fish(4).. 75 Vnder Fs pf(7). 60s Union Bag & Paper.. 47 Unlon Carbide(2.60) . 230 Union Oil Calif (2).. 10 Union Pacific (10) Jnion Pacific pf (4). Utd Atrcraft&Trans. Utd Afrcraft&T pf 3. Utd Biscuit (1.60) Utd Cigar Stores(1) Utd Corporation Utd Corp pf (3). Utd Dyewood. Utd Electric Coal(3) Utd Fruit (c4) Utd Gas & Imp. Utd Gas & Imp pf(5) Utd Paperboard. ... U S Cast Irn Pip (3). USCst 1P 1st(1.20). U S Distrib pf (7)... U S Hoffman (4) S Ind Alco (8) Leather... 1530 2 Leather pr pf(7) Realty (3) qagaaaasg U S Smelt Ref pf 3% U S Steel (7)....... 2642 USSteel pf (7)..... 9 Univ Leaf Tob (3). 7 Univ Pict ISt pf(8).. 20s Untv Pipe & Rad 2 ULl Pwr & Lt A Vadsco Sales........ Vadsco Sales pf (1) Vanadium (14)...... van Raalte......... Vick Chemical (4). . Victor Talk pr.pf(1). Virginia-Car Chem. . Virginia. 6% pf Va El & Pw _Vulcan Detinning Vulcan Detin A. Wahash ‘Wabash CEa Waldort Systm (1%) 131 Walworth (1.20).... 61 Ward Baking A..... 108 & Ward Baking B..... 28 ‘Ward Baking pf (7). 14 Warner Bros Pict... 103 Warner Bros Pic (n) 171 « Warn Br P pf(2.21 Warner-Quin Warren Bros (15) Webster-Eisenlohr. . Wess Oil & Snow (2). WessO&Snpf (4).. 3 West Penn E1A (7). 80s West Penn El pf (6). 10s West Penn El pf (7). 20s West Penn Pw pf(6) 3t Westn Dairy (B).... 4 Western Maryland.. 97 Western Md 2d pf... Western Pacific. Western Pacif pf. Western Union (8) . Westngh Air Brk(2). Westngh EI&M (4).. 321 Westngh E 1st pf(4). 20s Weston El Instru.... 20 Westvaco Chlor (2). White Eagle Oil (2). White Motor (1) White Sewing Mach.. 3 Wilcox Oil & Gas.... 9 Wilcox Rich(A)2%.. & Wilcox Rich(B)e2... 24 Willys-Over (c1.20). 136 Woolworth Co (6)... 3 Woolworth Co...... 16 Worthington Pump. % Worthington A Worthington B Wright Aero (2). Wrigley Wm (4) Y- Yale & Towne (4). Yellow Truck &C... 104 Young Sp&W (12%). 37 Young Sheet & T (5). 2 RIGHTS Am Tel & T,.July 1 287 Ches & Ohfo..July 1 25 Colum Gas&Elec ... 661 12 12 5 o, % S 10:30 A.M. 1:30 P.M. 2,635.200 Dividend s as cash paymenis based on taration. 4% in stock. {1 Paid this yenr—no reguiarrate. in_stock. Payable when ned. fPlus 10% in stock. &Plus 6% in JPlus 8% In stock. kPlus 3% In s 644,400 68 71 al e Pa. ales of Stocks on New York Ex stoc] tock. 19 118% 3 95 9! 5% 2014 7% 14 14% 167 5% 45% 171 65'% 102 % 53 1 West Penn Pw pf (7) 20s 1874 % able e | A.T.&T.“RIGHTS” NEAR DATE FOR EXPIRATION By the Associated Press. NEW YORK, June 27.—Tomorrow and Saturday will provide holders with the last opportunity to sell their Amer- ican Telephone & Telegraph “rights” in the regular way, Of course, those whose intention it is to exercise their “right” to subscribe for the convertible 4 cent debentures will have un close of business on Monday, July 1, to forward their lubcr:fiionl to the pany’s offices. To yrities Oo. 1o 1ake B for the filing of such’ subscriptions. 1t has been figured same allow pened in 1928, when four-tenths of 1 per cent were allos would mean in this instance a about $250,000 to the holders. + NEW YORK, June of General the China is hereafter to e | 12wly. that’ the on of - “rights” are expire unexercised as hap- tion of the ed ‘to Chinese market. wed to lapse, it loss of General Motors China Co. 27 _(#)—Business Motors Corporation in be conductetd by a operations have organized sul Steel Scra; NEW YORK, June 27 (#).—Steel scrap at Pittsburgh has been anced > from $18.00-818.50 to $18.25-$18.75 a ton for heavy melting steel. Sustained ’me Far East, but is rather a wing importance Sales— Add 00. High. Low, Close. Close. L 7T 6T 117% 118% %, cchange. 0 Noon M 3 iven 1n the above table are the latest quarterly sURIt of trading less than 100 shares. $Plus 3 \n preterred stock a or half yearly dec- 1Partly extr Yelus 19T stork s ek p Higher, RECOVERY IN STOCK PRICES IS RESUMED Market Is Apparently’ Unaf- fected by Prospect of Loan Increase. Prev. 67 1184% BY STANLEY W. PRENOSIL. Associated Press Financial Editor. NEW YORK, June 27.—Disregarding the prospect of a large increase in Fed- eral reserve brokers’ loans, the stock market today continued it§ recovery with trading again in brisk volume. Buying orders were distributed over a fairly broad list, but the public utili- ties, chemicals, electrical equipment, merchandising and rail shares presented the most outstanding pointsof strength. Revival of activity and strength in the oil shares was one of the interest fea- tures of the session. Call money renewed unchanged at 10 per cent and although the supply at that figure was relatively small, the rate was expected by money brokers to hold through tho day. ~ Offerings of time money were more liberal, but there was no change in ratzs, Importation of an additional $5,000,000 in gold from Enc- !and was announced during the day by the Irving Trust Co. Buying Is Active. Except for the declaration of extra dividends on the Barnsdall issues, and « | the announcement of the Wright:Cur- | tiss Airplane merger, and another series of favorable May railroad statements. there was little in the day’s new: influence the price movement. P sistent buying of the high-grade ra and industrials was attributed, in part, to buying by investment trusts an- large insurance companies. Commercial Solvents was again a epectacular feature, soaring 2114 point to a new high record at 438!,. Oti Elevator_jumped 143, points to a new top at 3593;. Allied Chemical, R. H. Macy, Underwood-Eilictt-Fisher, Con- solidated Gas, Public Service of New Jersey, General Electrie, Westinghouse Electric, sAtchison and New York Cen- tral also reached new high levels for the year. Wall Street heard reports that the United Corporation would of- fer two shares of its own stock for each share of Public Service of New Jersey. National Cash Register, Conde Nast, Brooklyn™ Union Gas, International Business Machines, American Bank Note, Peoria & Eastern, Motor Products lall;ldh Houston OIl all sold 4 to 6 points er. There were a few soft spots. Auburn Auto broke 15 points, but quickly recov- ered most of its loss. United Aircraft issues continued under selling pressure. Wright Aeronautical dropped 6 points. . New high ground was reached by Katy” common and various-utility is- sues before the market settled back on liquidation in the aviation, steel and motor issues. United Aircraft dropped 15 points, Superior Steel 4 and Conti- nental Motors sold at 14, the years lowest. United States Steel yielded 2 points. On the other hand, Motor Prod- ucts rose 11';. Lambert 8, Detroit Edi- son 63 and North American 4. The closing was irregular. Rally at Opening. Rallying tend>ncies again predomi- nated at the opening, although the tendency to take profits was more pro- nounced. = Westinghouse Electric ad- vanced 2% points on the first sale, In- itial gains of a point or more were re- corded by American Telephone, Dupont, Missouri-Kansas-Texas, Johns Man- ville and National Products, the last-named crossing 75 to a new ah Tecord. Consolidated Gas opened with a block of 5,000 shares at 12515, up &, Vhen scuea. stoek aponed. mE e , st opened with a block of 10,000 shares at f: Some uneasiness was apparent in the early trading over the possibility of a Ia increase in Federal Reserve ers’ loans after the close, but the 11% | peak of the midyear ecredit strain 437% | Was not expected before next week. The Bank of England retained its 51 per cent discount rate despite the heavy withdrawals of gold in recent weeks for shipment in the United States and Germany. % . Public utilities were again in the forefront of the early advance. United Corporation, which was heavily bought yesterday on the prospect of a stock split-up, opened with a block of 5,000 shares at 657; and then advanced to 664, up 112 points. American & For- elgn Power opened with a block of 5,000 shares at 1097¢, up 23. Public Service of New Jersey moved to a new high International Tele- and _Consolida G fouched new nighs. 0 Gas also Commercial Solvents was quickly whirled up 14 points to another high record at 431. ¥ Koppers Gets Contracts. NEW YORK, June 27 (4).—Contracts for by-products coke equipment, costing between $15,000,000 and $20,000,000, have been awarded to e Pittsburgh. S ————— e ENTERPRISE SERIAL BUILDING ASSOCIATION Tth St. & La. Ave. N.W. 62nd Issue of Stock Now Open for Subscription Money Loaned to Members on Easy Monthly Payments E. b e e Let us have your applications ‘LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. « 1,771,600 3,093,200 the annual COMPLE;I‘B FinanciNG Ist & 2d TRUST MONEY On_homes, apartment buildings end *business ,menm‘ No appraisal fee. Prompt service. Real Estate Mortgag & Guaranty Corp. s 5% recogni- of e adv: the ‘scrap mar- ketlmd:wnfm sl SILVER QUOTATIONS.