Evening Star Newspaper, July 16, 1929, Page 10

PRCES HOLDFR ON. . XCHANGE Capital Traction and Railway Preferred Slightly Higher. Bonds Quite Active. BY EDWARD C. STONE. In lively trading on the Weshington Stock Exchange today, Capital Traction opened with a small sale at 95%, and later figured in a turnover of €5 shares at 9515, ‘Washington Rail- way & Electric preferred was strong at 97%, Po- tomac Electric Power 515 per cent preferred moved at 108%, and the 5 per cent issue at 111 American Secur- ity & Trust Co. sold at 457, Real Estate Title & In- surance Co. at 210. Barber & ROS3 common at 18'% and Merchants Transfer & Stor- age preferred at 1067 Federal-American Bank stock registered 3331;. Mergenthaler Lino- type sold in very small lots at 105, 110 shares of Real Estate Mortgage & Guarantee preferred moved at 7% and Federal-American Co. common sold at 47. Two sales of Peoples Drug Stores pre- ferred were recorded at 120, while 44 hares of Lanston Monotype appeared on the board at 129'5. In the unlisted department 95 shares of Departmental Bank changed hands at 10. Bonds were quite active, the largest sale being in Washington Railway & Electric at 86 and 86 as also a good de- mand for Gas bonds, serles A. Prices were little changed. Marlow 20 Years With Bank. v of the employes of Second National Bank surprised Walter W. Marlow, cashier of that bank, with a testimonial dinner at the Continental Hotel last night, in celebration of his twentieth year's association with the institution.” Mr, Marlow was presented with & gold wrist watch by his fellow cfficials and employes. He been cashier of the bank since 1922 and entered its service July 15, 1909, as & bookkeeper, rising through the grades &s collection 'teller, discount teller, paying teller and ' assistant cashier. At the annual meeting of the bank last January he was elected a director. Richmond Bond Offering Made. A banking group headed by Chase Sccurities Ccrporation, includmz Barr Brothers & Co., Inc.; A. B, Leach & Co., Guardian Detroit Co., Inc. and the American Bank & Trust Co. of Richmond, is offering today $2.550,000 City of Richmond, Va., 4i2 per ceat bonds. Of this issue $1,000,000 of the bends falling due in 1939 are priced to yield 4.50 per cent and the remainder, due in 1963, are priced to yield 440 per cent. The assessed valuation of the City of Richmond as officially reported for 1929 is $266,756,591 and its net bonded debt, $26,526,633. Bankers Buy Drug Concern. W. W. Marlow. A substantial interest in the business of Sharp & Dohme, Inc, one of the oldest and largest pharmaceutical houses in the country, has been pur- chascd by Alexander, Brown & Sons of Baltimore, Drexel & Co. of Philadel- phia, Charles D. Barney & Co., and Brown Bros, & Co. of New York. An agreement has been reached with a group representing the larger —stock- holders, composed of Dr. A. R. L. Dohme, Ernest Stauffen, jr., and A. Homer Smith, for all stockholders to Teceive the same offer for their shares that these stockholders have received for their own. Thomas Hildt of Alexan- der Brown & Sons, will be among the directors. Reserve Board Borrowings Gain. The Federal Reserve Board’s condi- tion statement of weekly reporting ‘member banks in 101 leading cities on July 10 shows decreases of $51,000,- 000 in loans and investiments, of $123,- 000,000 in net demand deposits, of $25,~ 000,000 in time deposits, and of $39,- 000,000 in Government deposits, and an increase of $24,000,000 in borrowings from Federal Reserve banks. Commodity Prices Higher. Prices of commodities during the past week continued the advance registered during the previous one by showing an advance of one-half of 1 per cent for the weelk ended July 13, according to the wholesale price index of the Na- tional Fertilizer Association. The total advance during the past two weeks amounted to 1.4 per cent, and since June 1 to 1.9 per cent. The number of advances was 37 and declines 18. The largest advances were 2.6 per cent, in the group of grains, feeds and live stock; of 1 per cent, in foods, and of .5 per cent, in fats. Material declines occurred in sodium nitrate, ammonium sulfate, pig iron, copper and lead. Mortgage Company Mails Checks. The Citizens Mortgage Corporation vesterday mailed out its first semi-an- nual dividend checks after not quite five months of operations. The dividend was for 3%, per cent, at the annual rate of 7 per cent. This corporation was organized by Josepn Schiavone, former president of the International Exchange Bank, who became president of the new organiza- tion. Heard in Financial District. The District of Columbia Under- writers’ Association will have a break- fast meeting Thursday morning at 8:30 at the Arlington Hotel. This is the first meeting of the kind the associa- tion has held, and the speaker will be | a physiclan who has examined hun- dreds of applicants for insurance. H. D. Krafft will preside. Chesapeake Corporation first half 1929 net income, $1,869,863, after ex- penses, interest, etc., against $1,806,396 in like 1928 period. Agriculture Department says 15 to 25 cents a bushel increase in export wheat price over last year's average may be expected. . Assistant Cashier I. J. Roberts of Riggs National Bank and Mrs. Roberts will leave Thursday for a three weeks’ motor trip through Virginia,~ North-| Carolina, Pennsylvania and New Eng- land. Jesse L. Suter, assistant manager in the Washington office of Harriman & Co., and Frank P. Morse, manager of the local office of J. & W. Seligman & Co., have returned from a three months’ motor trip in Europe. They report a delightful tour, having visited France, Spain, Switzerland, Belgium, England and other places. They were both back in their offices today. . United Founders’ Meeting. NEW YORK, July 16 (#).—A special meeting of United Founders Corporation stockholders has been called for July 25 in Baltimore to act on increasing the authorized common shares 15,000,000 from 5,000,000, ‘The number of class A shares wouid remain the same under the proposed amendment to the charter. No changes in rights or privileges are contemplated. PARIS BOURSE PRICES. PARIS, July 16 (#).—Price changes were iregular on the Bourse today. Three per cent rentes, 75 francs; 5 per cent loan, 102 francs 45 centimes; ex- chamge on London, 123 francs 87 centimes. The dollar was quoted at 25 francs 54 centimes. i Stock ana Bales— Prev Diridend Rate. 444 00. High. x:‘:“ Close. Close. Low. 54% 388% ADItibl Power & Pap 88% 79 Abitibi P& P pf(8) 96 " 359 104% 27 . 119 40% Advance Rumley pf. 4% ‘1% Ahumada Lead...... 168% 954 Alr Reduction (3)... { 48% 8T% Air Wal E1 Ap(2%).. 3 11% - 4% Ajax Rubber... 10% 4% Alaska Juneau. 25 12 Albany P W Paper.. 50% 27% Alleghany Corp..... b 119 99'% Alleghany Cpf (6% 118% 100% Alleg’y pfrets(5%). 346% 240 Allled Ch & Dye (6). 280 166 Allis-Chalm Mf (7) 40% Am Bosch Magneto. . 45 Am Brake Shoe 2.40. 34% 156% Am Brown Bov Elec. 169 107% Am Can (t4). 41 137% Am Can pf (7) 110 19 Am Car & F pf (7). 2 70% Am Chain pf (7)... 2 46% Am Chicle (2)....... 24 Am Com Ale (k1.60). 13 % Am Encaust Til (2).. 82% Am European Sec 75% Am & For Power. 04 Am & For Pw pf ( 88 A & For Pw 2d pf. 24% Am Hawalian (1) 64 Am Home Prd (3.60) 38 Am Ice (13) 89% Am Ice pf (6). 216 Am Internat (12) 3114 102% Am Locomotive (8). 157 188% 147% Am Mch &Fdy (4).. 9 81% 50 Am Metal (3).. 115 135 113% Am Metal pf (6) 149% 81% AmPow & Lt (11). 103 98% Am Pow & Lt pf (6). 84% 79 AmP&LDpfAst(5). 53'c 40% Am Rad&Std S(1%3). 64% 43% Am Republics. . 1341 106% Am Roll Mill (¢2)... 16: 74% 61 Am Safety Raz (15). 41 4 Am Seating (3). 31 Am Sm & Ref (4 Am Steel Fdy (3) 65 Am Stores (2 7113 Am Sugar Rfg (5). 4 Am Sumatra (3). 25075 193/ Am Tel & Tel (9).... 18613 160 Am Tobacco (8) 188 160% Am Tobacco B (8). 1 115 Am Tobacco pf (6). 136%4 Am Type Fdry (8). 67% Am Water Wks (cl1). 9 Am Writ Paper ctfs % Am Zinc Ld&Sm. .. Am Zinc Ld&Sm pt. . Anaconda Copr (7).. 2% Anaconda W&C (3) 102% Anchor Cap pf (6% T 44% Andes Copper (3) 29 Archer-Dan-M (2). 85% Armour Del pf (7). 10% Armour 11l (A). 5% Armour 11l (B). 71% Armour il pf (7) 19% Arnold Constable 24 Artloom (2)... 49% Asso Appllnd (4). Asso Dry G (2%) Asso D G 1st p£(6). Atch T& S Fe (10). Atch T&SF pf (5) 8% 169 Atl Coast Line (110). 67% 32 AtlG & W Indles. 611 45% AtIG& W L pf (4). 77 B3% Atl Refining (1133) 115 90 Atlas Powder (4).. 167% 10% Atlas Tack. 389%: 221 Auburn Auto (j4) 10 5% Austin Nichols. 85% 22l Autosales.... 43% 36% Autosales pf (3 6 664 1 = & d *® Y- YMAET STCE YRR o - o 133% 115% Balto & Ohio (6).... 827 6413 Bang & Aroos (3%4) 49% 3814 Barnsdall ($2%).... 1 29% 20 Beacon Oil..... 101 73 Beech-Nut Pack (3).. &1 Belg NRy pt pf (16). 78 Bendix Aviation (2). 20 136% 110% Bohn Alum&Br({4) 78'3 Bon Ami A (15) 83% Borden Co (3) 7 Borg Warner (i4) Eoston & Malne. 30% Briggs Mfg.. 37% Briggs&Stratton(2). 114% Bristol Myers(t4%3). 4215 Brockway M T (3)... 81% 60% Bklyn-Manhat (4)... 170 Bklyn Union Gas (5) 3% British Empire Steel 5% British Em $tl 2d pf. 384 Brown Shoe (2%)... 381 Bruns-Balk-Col(3). 25% Bucyrus Erle (1). 38% Bucyrusev pf (23). 46 Bullard Co (1.60).. 95 Burns Bros A (8 329% 234 Burr Add Mch (15). 915 4% Butte Copper & Zinc. 12% 6% Butte & Superior (2) 118% 110 Bush T Bldg pf (7). 41 28 Butterick Co 192% 122% Byers (A M) 138" 104% By-Prod Coke (i3 81% 172% Calif Packing (4) 3 1% Callahan Zinc & L. 135 124% Calumet & Ariz (10). 617% 36% Calumet & Hecla(4). 50 Canada Dry G A (5). _14 Canadian Pac (10).. 308 Canadian Pac 1st pd. Cannon Mills (2.80) Csse (JI) ctfs (6). “Case Th Mch pf (7 421% 22% Cavanagh-Dobbs. 93% 86% Celotex pruf7).... 48% 30 t Aguirre (2)... 52ta 40% t Alloy Steel (2). 3547% 805 Cent RRoOf NJ (112). 160 88% Cerro de Pasco (6). .. 28% 16%4 Certain-teed Prod 275 195 Ches & Ohio (10). 110% 78% Chesapeake Corp (3) 19% 4 .. 125% 66% Chi & East 11l pf. 23% 12% Chi Great Western. 63% 38 ChiGreat Westn pf. 39% 27% Chi Mil St P&Pac. 63% 46% Chi Mil St P&Pac 96% 80% Chi&NW (4) 39% 28% Chi Pneu Tool. 48% Chi Pneu T pf 140 115 . CAl RI1&Pac (7).... 102% 98% Chi R1& Pacpf (6). 108% 105% Chi RI& Pac pf (7). 87 Chickasha COil (3).. 447 Childs Co (2.40).. 66 Chrysler Corp (3) 49 CityIce & F (3.60).. 19% City Stores (1). 72% 52% Cluett Peabody (5) 148% 120% Coca-Cola (4).. 72% 48 Collins & Atkman 78% 56 Colo Fuel & Iron, 126% 101 Colo & South (3). 91% 53% Columbia G&E (2). 108 103% Colum G&E pf A (6). £8% 055% Couml Graph (29.1c) 205% 121% Columb Carbon t4%. 62% 43 Com Credit (2). i 195 131% Com Inv Trust (t4).. 62% 27% Com Inv Trkt war... 246 107% Comnwealth Pwr t4. 459% 225% Com Solvents (h8). 3 59% Conde Nast Pub (2) 19% Congoleum-Nairn. . 69 Cong Cigars (t5%).. 75% Consol Clgar (7).... 26 Consol Film In pf(2) 95% Consol Gas (3). 96% Consol Gas pf (5) 651 Consol RR Cub pf(6) 2% Consol Textile. 12 Container Corp Contl Insurance (2). I 14% Contl Motors (80¢) 20% Contl Oil of Del. . 82 51 83 Crosley Radlo (t1) 42% Crown Cork & Seal. 106% 85 Crucible Steel (5)... 116% 109 Crucible Steel pf (7) 5% 1% Cuba Cane Sugar,... 18% 5% Cuba Cane Sugar pf. % 67% 49% Cudahy Packing (4). 178% 1385% Curtiss Aero (1). 129 117 Curtis Publishing(6) 118 118% Curtis Publish nf(7) 96 68% Culler-Ham (3% 69% 42% Davison Chem.. 43 120 120 120 115% 115% 116% 95% 94 x 16 BA% 52 222 182 ¢ Delaware& Hud (9). 36 221% 219% 2194 220% %% 54% 42% 114% 93% 4 Fasn Pk Asso(k2%). Stock and Sales— Dividend Rate. Add 00. High. Del Lack & W (17).. 244 145% Denv&RG W pf. 9’ 76 Detroit Edison (8). Devne & Ray A’ (13). Dome Mines (1).. Dominion Strs(1.20) Drug Corpn (4)..... Duluth 8 S & Atl pf.. Du Pontde N(t4%).. Dupont d N deb (6 Eastman Kod (13).. Eaton Axle & 8 (3).. Eitingon-Sch (233). . Eitingon pf (6%)... ) Elec Stor Bat (5). Endicott-John (5) Eng Pub Serve (11). ¥ing Pub Sve pf (5).. Eng Pub Sve pf(53) Equitable Bldg(2%) rie R R.. e rie R R 1st pf (4).. %) - Falrbanks Morse (3). Evans Auto L(12 . 1 41% Ifed Lt & Tre ($132) Ked Motor Tr (30c ¥id Phen F Ins (2). First Nat Stores 1%. Fisk Rubber........ 22 Fleischmann (13%).1043 Fleischmann ctfs. 6 Klorsheim Shoe A Follansbes (12%;) Foundation Co. KFox Film A (4). Gabriel Snub A. Gamewell Co (5).... Gardner Motor. .. :ien Am Tnk Car($ Gen Cigar (4). Gen Electric (6)... Gen Elec spec (60¢). Gen Gas&FEL A (el%) Gen Mills (3)....... Gen Mills pf (6) 4 Gen Slotors (13.30). Gen Motors pt (7) Gen Outd Adv A (4). 4 Gen Outd Ad vic (2) Gen Public Serv (b§ Gen Ry Signal (5) Gen Refrac (133%). Gillette Safety R (5) Gimbel Bros pf (7).. Glidden Co (11%) Gobel (Adolf)...... Gold Dust (2% ) Gold Dust pf (6). Goodrich B F (4). oodyear Tire (5). ¢, oodyear 18t pf (7).. % Gotham Silk H (234) 2 Gould Coupler 4 Graham-Paige...... Granby Consol (7).. Grand Union Grand Union 2 Granite City Stl (3) Grant WT (1)...... Grt North pf (5) . Grt North pf et (5).. Grt Nor Ore (al% Grt West Sug (2.80). Greene Can Cop (8).. 2 Guantanamo Sugar Guif Mo & North. Guif Mo & N pf (6). Gulf Sta Steel (4) -H- Hahn Dept Stores % Hahn Dept S pr(s34). Hartman B (1.20) Hawalian Pine (2). Hayes Bdy (b8 %=tk Hershey Chocolate. . Hershey Choa pf (4) . Hoo (R) & Co. .. i Holland Furn (e2%). Hollander & Son..... Homestake Min (17). Houd Hersh B (13). Househd ¥in pf (3).. Household Prd (t4).; Houston Oil........., Howe Sound (1434).. Hudson & Man (2%;). Hudson Manh pf(5).. Hudson Motor (5)... Hupp Motor (£2).... 4 Illinols Central (7).. 48% 163% 138% 108% 18 66% 98% 37 9% 11linots Cent pt (6).. Independ O11 & G (2). Indian Motor Cycle. . Indian Refining. .. ... Indian Refining ct... Ingersol Rand (5% ). Anland Steel (3%) Jnspiration (4)... Interboro Rap Tran.. Intercontinental Rub Intl Agricultural. ... 1ntl Business M (5) Intl Comb Eng (2)... Iatl Cmb Eng pf (7). Intl Harvester (234). Int Hydro El A (e2), Intl Match pf (3.20) Intl Mer Marine. . 1nt Mer Marine ct Intl Mer Marine pf. .. Intl Nickel Can (80c) Intl Pap & P A(2.40). Intl Pap & Pwr pf(7) Intl Print Ink (2%)... Jntl Rys Cent Am. .. Intl Tel & Teleg (2). Inter Dept St (2). Intertype (f11%). Island Creek Coal(4) ¥ Jewel Tea new (3).. Johns-Manville (3) Jordan Motor Ca Kan City Sou (5). Kan City Sou pf (4) Kayser J & Co (5).. 879 103% 65 Kratt Ph Ch pf (6%) Kresge 8 S (1.60).... Kreuger & Tol(1.34), 1 Kroger Gr&Bak(cl). 28 Lago Oil & Tran: Lambert Co (8 Lee Rubber & Tir Leh Port Cem (2%) .. 50 Lehigh Valley Coal.. 141, 26% Leh ValCoal pf (3).. 4° 424 Lenigh Valley (3%). 27 Lehn & Fink (3). Liggett & My (16)... Liggett & My B (15). Lima Locomotive. .. Link Belt (2.40) Liq Carbonic (t Loew's Inc (2). Loft In Long Bell Loose-Wiles (2.60).. Loriflard (P) Co. Mallinson & Co. Manati Sugarpf.... Mandel Bros (23). . Man Elec Suppl. Man Elev mod (d6).. Man Shirt (2).. Maracaibo Oil Exp. . Marmon Motor (4).. Mathieson Alk (e2) Maytag . Melville Shoe (1.40) . Mengel Co.... Metro Gold pf (1.89). board. Prev. Close. Close. 143% 138% 76 75 815 303 41% ATH 9% 10 494% a4y 28% 24 8212 83% 13% 13% Yo%+ 98% 90 87% 136 130% 61% 63% A4 4TH 0% 120% 118% 821k 82l 113% 112 81% 85 9% T9% 121% 119% 101 1014 45 46 10% 11% 28% 29 T6% TT% 36 166'% 170 “ 4 b1ty BOW 93% 93y 6% 6 36t 9% 98% 23% 23% 66% 64 3343 38" 10045 102% 4% 85% 4% 41n 14744 1465 34 1914 40% 149% 146% 148 146 34 3a 19% 20 9t 246% 243% 66y 66 106 105% 117% 115 52% 53% b50% b51% 109% 110 65 65 38 52K 101% 99% 65's 65 63 653 117% 116% 14% % 45 16% 84y b1 41% 36 | 3674 ~Prev. 1020~ H Michigan St (2%) Mid-Continent P (2). Middle States Ofl.... Middle States Ofl ct.. Midiand Stlpf $10% . Minn Molins Pwr. ... Minn Moline pf 6% .. Mjinn & St Loui, MStP & SSM of Mo Kan & Texas 3 Mo Kan & Tex pf(7). Missour! Pacifie. . Missouri Pac pf (5). Mohawk Carpet t2% Mont Ward (2%) Moon Motors. . Motor Wheel (2).. ... Munsingwear (13%). Murray Corp (a3)... -N- Nash Motors (6) Nat Acme (1%)...., Natl Air Trans. 3 Natl Bella Hess(11). Natl Biscuit (1634). % Natl Biscult pt (7) NatlEnameling (2) .. Natl Pwr & Lt (1) Natl Rys Mex 2d pf. . Natl Supply (18).... Natl Surety (5). Nevada Copper (3).. Newport Co A (3)... Newton Steel (3). N Y Air Brake (3) N Y Central (8). NYChl & StL (6) N Y Chi & St L pe( N Y Dock. NY Ont& West. Norfolk South (2% Horfolk&Wstn(110). % North Am(b10%stk) North Am pf (3) North Am £d pf (6 No Ger Liloyd (3.41). Northern Pac (5).... North Pac ct (5) 0il Well Supply Oliver Farm Equl Olivr FrEqpt A(6). Olivr Fr Ep cv pt(3). Otis Steel. ..... : Owens 1il Glass (4). —P- Pacific Gas & E (2).. Pacific Lighting (3) Pacific Oil stubs Packard Motor ( Panhandle P& R.... Paramount-F-L (3) Park Utah (80c) Pathe Exchange 4 Pathe Exchange A Patino Mines (3.89) Penick & Ford - Penn Dixle Cement. . Penn Dixie Cm pf(7) Pennsylvania RR(4) Peoria & Eastern. ... Peerless Motor Car. . Pere Marquette (18) Marq pf (5).... 4 Phelps Dodge (3). Phila & Read C&1.. Phila Co (17)....... Philip Morris (1). Phillips-Jiones (3). .. 4 Phillips Pete (1%4).. Phoenix Hosiery. ... 4 Pierce-Arrow A. Pierce Oil. .... Pierce Petroleum. ... Pillsbury Flour (2). Pirelli Co A (2.88) Pittsburgh Coal..... Pittsburgh Coal pf. . Pitts & W Va (6).... Poor &Co (i2)...... 4 P Rlcan Am To (A)7 “ P Rican Am To (B). » Postal Tel & C pf(7). Postum Co (3) . Prairie Oil & Gas. ... Prairte Pipe L (14).. Pressed Steel Car. .. Pressed S1Cpf (7). 1 Pub Sve NJ (2.60)... 636 Pub Sve NJ pt (5) Pub Sve NJ pf (6) 7% Pub Sve NJ pf (7) Puliman Corp (4). Punta Alegre Sugar. Pure Oil (1%) Purity Bakerie: Radlo Corp... Radio pf A (33%3). Radio pf B (6)... Radio-Kefth-Orph A. i RRSecIC s Reading (4). Reading ist pf (2) Real Silk Hostery. Reis (R) & Co. Remington-Rand. Reming-Rnd 2d (8). Reo Motors (11.60 Rep Brass Cor Rep iron & St Rep Iv & St1 p® (7) Reynolds Spring. ... Reynolds 'Tb B(2.40). Richfleld Oil (2)..... Rio Grande O} (k2). Ritter Dental £233). . Rosala Ins (2.20).... Royal Bak Pwdr(1).. 82 Royal Bak P pf (6).. Royal Dutch(1.336) — e Safeway Stores (3). St Joseph Lead (13) St L-San Fran (3) St L-San Fran pf (6) St L Southwestern.. 117 108 20 42% 24% 62 16% 20% St L Southwn pf (3). 1 Savage Arms (2). 47 Schulte Retail Str: Scott Paper ($1.40).. Seaboard Air Line... Seaboard Air Line pf 121% 119% 3 53% 61 172 38 66 Prev. | —Prev. 1920~ Low. Close. Close, | High. Low. 40% 40% 41 22% 120% 119% | 181 83 82%| 10% Seagrav 3% 2% Shell Unf Stock and Dividend Rate. Add 00. High. Low. Olose. Close. Sears Roebek (32%) . Seneca Copper...... Sharon Steel H (2) FINANCIAL Bales— 7 13% 13% 90 171 6 5% 1 48 (1.20).... fon (1.40) . Shubert Theater (5). Simmons Co (3). & Simms Pet (1.60) - SinclairOil (12%4)... Skelly Of1 (2).. 4 Snider Packing pt. .. 8o Porto Southern Cal Ed (2). Southern Pacific (6 Southern Rwy (8)~ Southern Ry pf(5) Spalding A G (1.60 Spang-Chalfant. Sparks Withgtn Spencer Kelg(1.60). . Splcer Mfx. . Spicer Mg pf (3) 2 47% Spiegel- Sterling Sterling Stewart Submari Texas & Texas P Thatche) Timken Timken Tob Prot Transco Stand Com Tob (1).. Stand Gas & El (33%3) Stand O11 Calif (13).. Stand OIINJ (2). Stand O11 N'Y (1.60) Studebaker (15). Sun 011 (81), Superior Oil Buperior Steel. Symington. Symington 43% 41% 56% 506 3% 37% T0% 64% 146% 143% 160% 157 94 Bb 40% R Sug t2%. Mav-St (3).. 84 19 19 138% 131% 73% T2% 67% b6% 39% 38% 33 B1% 15% 147% 2% T1% 5% 75 i 7 Sec (A).. Sec pf 11.20. ‘Warnr(3%) ne Boat..... 7 T 4T Tex Gult Sul (4) Pac (5)..... C & Oi) (B5). i ‘Texas Pac Land Tr.. PMIg......0 Thatcher pf (3.60) The Fair (2.40)..... 3 Thompson J R (3.60) 4 Tide Water Asso. ... 15 Tide Wat Asso p: ‘ride Water Oil pf(5) Det Ax(80c). Roller (3)... Tobacco Pr (1.40). .. Tobacco Pr A (1.40). Tob Prod ctfs(1.40) . d ctfr A 1.40. ntinental. ... N'ransue & W (1). 4 Trico Prod (23%) Truax T Truscon Sti (11.20).. Tnderw-El-Fish(4).. Union B raer (1.60).. 204 507 I 150 157% 3 2k & Paper 5ty 4 Union Carbide (2. 7 Union O Union P Union P: il Calif ( 12 acific (10)... 90 2 acificpf (4). 6 % Utd Aircraft&Trans. 278 Utd Afrcraft&T pf3. 4 9% Utd Fru Utd Gas Utd Gas T 1 1 1 il U 1 T % US “Tob: Utd Biscuit (1.60)... United Carbon. .. ... 74 Utd Cigar Stores(1). Utd Corporation. Utd Corp pt (3)a TS Rubber 1st b U S Smelt Ref (3 5 Smeit Ref pf 28 8 10 627 . 24 fticAd.-.-.. T & Imp (1) & Imp pf(5) S Cast Ir Pipe ctfe S Distributing. Forelgn Secur. .. S FornSec pf (1) acco (3). . Univ Leaf 'Tob (3) Univ Pipe & Rad Ut Pwr & Lt A (e Vadsco Sales Vanadium (f: Van Raalte. . Vick Chemical ‘Wabash Walwor Warner Warren Warren Wess O Weston White $ Wilcox Woolwo 4 Col Gas: 5% Utd Cor Sales of S 10:30 A.M. . :30 P.M. cash payments based taration. 4% in stock. §Plus aPaid this year—no I in_stock. . d Ps £Plus 10% I Plus 8% in_stoc! n Ward Baking 8. Warn BrP pf(2.20).. 5 4 Warner-Quinian (2). 13 Wheellng &L E pf. . & White Eagle Oil (2). White Motor (1).... White Rock M S (3). Wilcox Rich(A)2% . Wilcox Rich(B)e2. .. Willys-Over (c1.20). Wilson & Co. 3 ‘Wilson& Co A. Worthington Pump. . Wright Aero (2 Wrigley Wm (4).... 8 Yale & Towne (4)... 5 Yellow Truck & C. i Young Sp&W (2%). 8 Young Sheet & T (5) Mont Ware B .. 3.036.600 Dividend 7ates a3 give sUnt of trading less than 100 shares. 33 n preterred stock. b P oek. "o Flus 8% & Plus o ka3 Waldorf Systm (1%) th (1.20) a1y 13% 6014 £ Bros (v6). .. 1674 Fdry & Pip 1 1 19 1& Snow(2). 3 3 Bros Plc (n) 468 Wess O & Snpf (4).. Westvaco Chlor (2). Weptn Dairy (B).... Western Maryland. . Western Md Zd pf. Western Pacific. Western Pacif pf. Western (nion (3).. Westngh Afr Brk(2). Westngh EI&M (4).. 159 El Instru w Mch pf(4) 0il & Gas Bt e 1S aniier rih Co. o 7 61 62 137% 133 TR TN 61 137% 7% Y- 81% 8i% 29 395 384 0 69% 6 148'% 148 818 a8, 6915 1481 &El [ 184 D. % % tocks on New York Exchange. 587.100 12:00 Noon. 2,016,100 10 P.M. 3,402,900 n' in the above table the aunual on the latest auarterly or hsii veatly dec- tPartly extra. fPlus 1Plus 135 1 st cqular rate. en in cash or stock. . e Pavable in stock. hPlus 2% In stock. o stock. BALANCE OF TRADE AGAIN FAVORS U. S. Special Dispaich to The Sta: NEW YORK, July 16.—The balance of merchandise foreign trade of the United States in June was again in fa- vor of this country, according to reports by the Department of Commerce, in contrast with the results in May, when imnorts exceeded exports for the first time in three years. The June figures, however, showed that while there was an increase in exports over the same month last year of $9,000,000, the gain in imports was $37,000,000. This made. the favorable trade balance last month only $¢5,000,- 000, as against one of $73,518,000 in the gimilar period of 1928. ‘The total trade of the country last off from both the May month drop] and April levels. In the earlier months imports were influenced by the desire of importers to have their merchandise reach the United States before llll', ! part in helping to relieve the domes- tic money influence in producting high- er money rates in 1928, when the net exports for the January-June period were $373,000,000. These exports in the first half of last year had much to do with deter- mining the policy of the Federal Re- serve Board in raising the rates of rediscount of the Eastern banks in July to 5 per cent. ’ Wall Street Briefs | | By the Associated Press. i A substantial interest in the business of Sharp & Dohme, Inc., of Baltimore, one of the oldest and largest rma- ceutical houses in the country, been acquired by a banking group, it was an- nounced today, which will form a new company of the same name, giving pres- ent stockholders an o] unity to ex- change their shares for shares of the new coneern, which will be headed by A. Homer Smith, as president. Mr. Smith has been associated with the firm for several years as vice nt. Public offering will be made of preference stock of the new company. The group includes Alex. wn & Sons of Balti- more, and Drexel & Co. of Philadelphia. ‘Three new vice presidents of E. I du Pont de Nemours & Co. are J. Thomp- son Brown, 1 manager of the ex- plosives dej T s di- and Ji E. Crane, chairman | purchased in Hud- ! The | tion today. A. Metz, president of the General Dye- stuffs Corporation; Walter W. Head, chairman of the Omaha National Bauk: | Thomas B. Donaldson, former insurance commissioner of Pennsylvania, and Michzel H. Cahill, former president of the New York State Bankers’ Associa- tion. Public offerings of securities of the company, which is investing chiefly in insurance ks, are expected. General Electric Co.'s orders for thfi’ second quarter totaled $119,351,248, compared with $90,431,957 for the cor- responding 1928 quarter, an increase of 32 per cent. Orders received in the first six months of 1929 amounted to $220,716,456, against $170,357,797 for thf first half of last year, a 30 per cent gain. James H. Rand, Jr., chairman of the Remington Rand Co., announces that the company is planning to buy in its second preferred stock. Sinking fund requirements on the bonds for three years are in the treasury and consid- erable sums are being loaned on call. 'I"hewneond preferred is redeemable at ‘The formation of large gas and pow- er pools covering a large section of ter- ritory north of the Ohio River and ex- tending from St. Louis to Pittsburgh is to have been agreed on b :he y Columbia Gas & Electric Co., Util- ties Power & Light, Standard Gas & Electric and American Gas & Electric systems. Plans for interconnections, ‘which will eventually make possible the linking of natural gas lines from Texas to the Atlantic Seaboard, are under- stood to have been completed at meet- ings in several Western cities recently.’ American Chicle Co. had net profit of $1,039,187 in the first six months, egual 10 $2.27 & share on the common. This compares with net of $892,391, or $4.09 a nun‘ on a smaller capitalization in the first half of 1928. P Servel, Inc., had first half net profit of $705,482, against $162,744 in the same 1928 period. : LATERALLY SENDS - STOCK LIST HIGHER Market Regains Strength After Early Period of Selling Pressure. BY STANLEY W. PRENOSIL, Assoclated Press Pinencial Editor. NEW YORK, July 16 (#).—High call money rates had & restraining effect on speculation in today's stock market but prices moved irregularly higher under the stimulus of pool operations. Call money renewed at 12 per cent, but there was relatively little calling of loans, and the rate wes aot - waco“ higher. s vival of activity and strength & ;hgunnuel cht;u' inspired by the .,: ouncement that a special -neeti United States Steel mmon dl:::ws‘: had been called after the close of the market, cne of the features of the day’'s ding. Wall Street is looking 1 for a speclal dividend Jistribution on steel. United Siates Steel common was Tun up 7% rolots to a new high record % | 8t 205. Republic, Ludlum and Crucibie advanced 2 to 3! poin‘s. but Youngs- town Sheet & Tube fell back more th?lsn .+ | 3 points, | Profit Taking. Heavy profii-laking in some of the recent favorites brought about consid- i erable irregularity in the railroad group. | Atchison dropped more than 5 points, | Union Pacific 4 and St. Paul preferred |and New York Ceniral about 2 each. | Meanwhile, Atlantic Coast Line, Lacka- | wanna, Kansas City Southern and a few others moved into new high ground, the gains ranging from fractions to § points. New high records also were estab- ished by Fleischmann, Detroit Edicon, Ingersoll Rand and American Locomo- tive, the last named climbing more than 5 points to 135%. Montgomery-Ward, | which has been under pressure recently, ran up nearly 4 points on buying in- fluenced by the recent improvement in wheat prices. American Can, Allied Chemical, General Electric, Commercial Investment, Trust and Brookivn Union (;;s also were prominent on the up | side. ‘The market gathered strength in the last hour. several utilities selling up 4 % | points and more to new highs, including Western ~ Union, _Consolidated Gas, Standard Gas & Electric. New York Central rallied and regained its early loss and Lackawanna advanced 6 poin. Allis Chalmers mounted 12 points T | Other directors inciude Herman equal its previous peak. American Tele- i pnone, however. sagged a couple of points. The close was steady. Opening 1s Irregular. | Furiher irregularity developed at the | cpening, with the rails still pointing % |upward. Pan-American opened with a {block of 12,500 shares at 62, up ;. lRendmg opened a point higher at 125, a new high, and Kansas City South- ern recorded a similar gain. Columbia Carbon dropped 3'2 points and Gen- eral Electric 114, 76% | Marking up of the call money rate {from 9 to 12 per cent vesterday, with indications that the stringency would | continue for & few days, tended to Te- i strict bullish_operat; in the indus- | trial and public utility shares. Some | profit-taking also developed among the iTecent railroad leaders. particularly | New York Central. Atchison and Ca- inadian Pacific. but the general rail | group surged forward | New high records for the year. or longer, were established in the first few | minutes of trading by Texas & Pacific, { Pennsylvonia _and Southern Pacific. | Lackawanna, Reading and Illinois Cen- { tral all advanced a point or more. High | current earnings. coupled Wwith the | prospect of special dividend distribu- | tions before the end of the year, pro- vided the background for the advance |in_the Tail shares. | Reviva! of activity and strength in the oil shares also attracted attention in the early trading. Pan-American B ‘ changed bands in large volume, and General Asphait crossed 89 to & mew YOU CAN INVEST WITH CONFIDENCE IN OUR FIRST 69 MORTGAGE semorgice o e > PROTECTED by carejul appraisement of train- ed men. < SECURED on_carefully selected and im- proved real estate in Washington and its environs. N INSURED against loss by fire by stande: insurance companies. CHECKS RECEIVED BY OR ‘THEY 1417 K St. National 9300 ing space in rear of office for our clients INTEREST INVEST Continental Trust Co. 14th and H Streets Capital, $1 {000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial. Credits Travelers’ Credits Travelers’ Cheques Collections Real Estate Loans Collateral Loans Investment Securi Corporate, Trusts Individual Trusts’ Administrator; Executor Safe Depo.i} Boxes Continental Trust Co. 14th and H Streets WADE R. COOPER, President Capital, $1,000,000.00