Evening Star Newspaper, July 19, 1929, Page 12

12 - ##s PRICE OF GAS STOCK HOLDS FIRM AT 125 Recent Bids Have Failed to Bring Out Many Shares on Local Exchange. BY EDWARD C. STONE. ‘The asked price for Washington Gas Light stock on the local stock exchange remains at 126, with 125 bid. This is a very strong figure and shows that holders consider the stock good to keep unless they can get a price for it above the all- time high mark of 126%. According to the report made to the Public Utilities Commission, the New York interests now claim to have 110000 shares leaving 20.000 shares outstanding. Most of this stock is_presumed to be § held locally, al- P though a 1arge james L. number of the 3 minority holders turned in their stock at $125 per share, accepting the offer of the new controlling interests. Election of Fred S. Burroughs, repre- senting Harris, Forbes & Co., to the board gives the New York interests three men on the board and leaves three local men on the board. The other two representatives of outside holdings are D. A. Pearson, who engi- neered the long fight for the purchase of the controlling interest, and Wilton J. Lambert, of this city, the attorney who acted as Mr. Pearson's counsel. There is one vacancy on the board. caused by the sale of his holdings by ‘William King. the prominent Washing- ton coal dealer, who resides in George- Sherwood. town. It is believed in the local financial district that Harris. Forbes & Co., New York investment bankers, have a great- er interest in the company and will take more interest in future develop- ments than any of the other Gotham firms now carrying some of the stock. The company is alrcady favorably known here, having underwritten im- portant issues of local gas bonds and in that way becoming familiar with public utility conditions in Washington. Lloyd Smith, president of Harris, Forbes & Co., stands high among New York financiers and has made a bril- liant record in Wall Street. Sherwood Again Heads Association. At the annual meeting of the North- east Building Association, held yester- day. James L. Sherwood was elected president for the fourteenth consecu- tive term. The following officers were re-elected: John L. Knopp, first vice president; Henry C. Althoff, second vice president: Schuyler S. Symons, secretary; Julian F. Belfield, assistant secretary: Frank M. Hatley, treasurer; James E. Payne, assistant treasurer, and Willlam S. Torbert, counsel. The ofiicers and the follwing con- stitute the board of directors: L. L. Anderson, R. John Bochs, N, T. Cha- conas, Allen E. Cowles, J. D. Donovan, J. E. Donovan, W. J. Dow, A. L. Foster, Alfred Jeffery, J. A. Openshaw, John B. Rubino, James L. Sherwood, jr.; Roy L. Swenson, N, J. Ward and ‘Thomas P. Hickman. Mr. Sherwood, the president, is wide- 1y known in the section of Washington in which the association is located. He is manager of the Brookland branch of the Merchants Bank & Trust Co., a position which he has held for many years. The last report of the building association showed assets of $571,802.23. It was organized in 1916. Branch Bank Nearing Completion. George L. Starkey, president of the National Bank of Washington, an- nounces that rapid progress is being made on the new Southwest Branch building which has been under erection for several weeks. The building will be given the finishing touches during Au- gust and be opened for business around September 5. The exterior of the struc- ture is of attractive design, and the in- terior will be equipped with the most modern equipment. The steady increase in business along the water front is expected to insure the new bank of steady business growth. The branch is | near the property of the Pennsylvania | railroad on which an outlay of several million dollars is being made in improv- ing facilities for handling freight, es- pecially perishable goods. Ohrstrom Office Opened Here. G. L. Ohrstrom & Co., one of the! largest public utility investment houses in the country, with offices at 44 Wall street, New York, is opening a Wash- ington office located in Southern Build- ing. Everard J. Carver, formerly asso- clated with the Century Trust Co. of Baltimore, and with G. E. Barrett & Co. of New York, is manager of the local office. Financial District Notes. ‘The National Metropolitan Bank en- tertained its employes last evening at the bank with motion pictures taken at the recent week end picnic at Piney Point. The movies came out splendidly and aroused great enthusiasm. Brokers’ loans increased $58,000,000 during past wesk to $5.813,000,000, new high record; reserve system ratio, 73.8 ~per cent, against 73 per cent last week and 67.9 per cent a year ago; New York, 65.5 per cent, against 68.7 per cent and 63.1 per cent, respectively; an announcement on 5 per cent New York bank rate. Hornblower & Weeks, in their July investment review predict a continu- ation of the recent rise in the stock market, with no immediate pronounced price trend in try bond market. The review calls attention to the fact that in 23 trading days encad July 8 ad- vances were registered in the Dow Jones industrial averages on all but two days. Trading On Exchange Today. ‘Trading was in moderate volume on =P High. Low. E4% 384 Abitibi Power & Pap 88% 79 159% 101 \ 96 346% 284 42% 235 73% 118y 20% 3% 62 34% 169 142 106'% 120 10814 42 85% 481 8 87 136 119% 1341 4% 417 7 124% 25013 18615 188 121% 155 1461 277 58% 164 491, 140 62% 68% 491 95 18% 10% 86 407 3074 58% 70% 260% 103% 20915 67% % 134 8014 1321 123 617 1 10013 143% 109% 63'% 42% 1271 674 1313 73 81 227 47% 554 441 42% 50 5314 329% 89% 94 12% 192% 3% 8274 135 617% % 265 48% 130 79% 524 160 28% 275 110% 19% 25% 6674 23% 63% 41% 63% 96% 39% 56% 1427441 108% 50 T4% 135 4 the Washington Stock Exchange to- (.t day, bonds being as active as stocks. ‘Washington Gas B bonds came out at 105 and sold in small lots at 103. Capital Traction 5s recorded a $2,000 sale at 100, Anacostia & Potomac R. R. guaranteed 5s came out at 95, while the other Anacostia & Potomac issue sold at 89 for a $1000 bond. Wash- ington Railway & Electric 4s_figured in a $2,000 transfer at 86. Potomac Electric 6s registered 109. In the stock division Washington Gas stock appeared on the board for the first time in many sessions. One small lot sold at 125!, and 10 more shares sold at 126. This was a particular strong quotation as the stock is now umng ex dividend. The closing bid was 12 ‘with none offered. on sold to the Barber & Ross comm extent of 75 shares at 18%, Federal- Ameri Co. preferred moved at 102, 0 sold 8815 Estate Mortgage & Guarantee preferred came out at 7%. As usual on the last session of the week, the unlisted securities were call- g very few recent ——— s ~ CUMBERLAND BONDS GO TO BALTIMORE CONCERN Award of an issue of $125,000 City Cumberland (Md.) 4% cent 1 bonds, mal Al 1, 1959, hwthr;nglemnuu Trust of timore af bid recef: Stock ana Sales— Prev. Dividend Rate. Add 00. High. Low. Close. Close. 19 Abitibi P& P pf(6). Abraham & Stra 84% Adams Exp pf ( 27 Advance Rumley. 40% Advance Rumley pf. 1% Ahumada Lead... 95% Alr Reduction (3) 87% Air Wal El Ap(21%) Albany P W Paper.. 2 27% Alleghany Corp. ....1301 99% Allezhany Cpf (53%) 7 100% Alles'y pf rets(5%). 17 f4L Allled Ch & Dye (6). 166 Allis-Chalm Mf (7). 2214 Amerada Corp (2) 10% Am Agricul Chem 49% Am Agricui Ch pf... 110 Am Bank Note (13). 1412 Am Beet Sugar. 40' Am Bosch Magnet 45 Am Brake Shoe 2.40. 15% Am Brown Bov Elec. 1073% Am Can (t4) 137 AmCanpf (). 92 Am Car & Fdy (6)... 114 AmCar&F pf (1) 70% Am Chain pf (7) 46% Am Chicle (2). : 4315 Am Com Alc (k1.60). 23% Am Encaust Til (2).. 82% Am European Sec. .. 75% Am & For Power.... 88 A & For Pw 2d pf.. 104 Am & For Pw pf (7). 2414 Am Hawallan (1)... 64 Am Home Prd (3.60) 38 AmTce (13). 5214 Am Internat (32). 41 Am La F & Foami 102% Am Locomotive (8) 113 Am Loco pf (7). 50 Am Metal (3). 4 Am Piano... ; 814 Am Pow & Lt (§1)... 99% Am Pow & Lt pf (6). 70 AmP&LPLA(3)... 79 AmP&LpfA st (5). 405 Am Rad&Std S(1%). 431 Am Republics....... 106% Am Roll Mill (c2)... 61 Am Safety Raz (15). 3214 Am Seating (3). 31; Am Ship & Com. 9313 Am Sm & Ref (4). 2 Am Snuff (12).... Am Steel Fdy (3). Am Stores (2). 13 Am Sugar Rfg 1931 Am Tel & Tel (9) 160 - Am Tobacco (8). 16014 Am Tobacco B (8). 115 Am Tobacco pf (6).. 136'4 Am Type Fdry (8)...1 67% Am Water Wks (c1). 16t Am Woolen.. . 3913 Am Woolen pf... 9 Am Writ Paper ctfs. 2214 Am Zinc Ld&Sm. 99 Anaconda Copr (7) 43 Anchor Cap 12.40)... 44% Andes Copper (3).... 29 Archer-Dan-M (2)... 85% Armour Del pf (7)... 10% Armour 111 (A) 5% Armour Il (B) 71% Armour 1 pf ( 193% Arnold Constable 26% Art Metal (1%). 49% Asso Appl Ind (4). 43 AssoDry G (23%). 195% Atch T & S Fe (10) 99 Atch T&SF pf (5). 169 Atl Coast Line (10). 3214 AtIG & W Indles.... 2 53'2 Atl Refining (11%).. 122 90 Atlas Powder (4).... 6 10% Atlas Tack...... 221 Auburn Auto (j4). 5% Austin Nichols. . 32 Austin Nichols pf. 53 Austrian Cred (4.49). 2214 Autosales... 5 361 Autosales pf (3).. Balto & Ohio pf (4).. 123% Balto & Ohio full pd. 6415 Bang & Aroos (3%).. 3814 Barnsdall ($2%).... 20 BeaconOil.... 11 Belding-Heminway.. 78 Bendix Aviation (2). T 75% Best & Co (3).... 8214 Bethlehem Steel (4). 116% Bethlehem St pf (7). 421; Bloomingdale Bros. . Eooth Fisheries. 45 Booth Fish 1st pt. 8314 Borden Co (3). 107 Borg Warner (5 85 Boston & Maine. 304 Briges Mfg 3714 Briggs&Stratton(2). 114% Bristol Mvers(t4%). 3% British Empire Steel 5% British Em Stl 2d pf. 4215 Brockway M T (3)... £915 Bklyn-Manhat (4)... 170 Bklyn Union Gas (5) 3814 Brown Shoe (21)... 35% Bruns-Balk-Col(3) 18 Bruns Ter & Ry S 25% Bucyrus Erfe (1).... 38% Bucyrusev pf (2%). 46 Bullard Co (1.60) 234 Burr Add Mch (15) 54% Bush Term (g2). 4% Butte Copper & Zinc. 6% Butte & Superior (2) 122% Byers (A M) 33% By-Prod Cok 7214 Calif Packing (4) 123 Calumet & Ariz (10). 36% Calumet & Hecla(4). 78 Canada Dry G A (5). 218 Canadian Pac (10)... 35 Cannon Mills (2.80)., 120 Case Th Mch pf (7) 62 Celotex (3).. 401 Cent Alloy Steel (2). 88% Cerro de Pasco (6). 16% Certain-teed Prod 195 Ches & Ohio (10). 7814 Chesapeake Corp 414 Chi & Alton.. 6% Chi & Alton pf. 49 Chi & East Il pf. 12% Chi Great Western. ., 38 ChiGreat Westn pf. 27% Chi Mil St P&Pac. .. 46% Chi Mil St P&Pac pf. 80% Chi&N W (4)..... 28Y% Chi Pneu Tool. of 48% Chi Pneu T pf (3%).. 15 Chi RI&Pac (7).... 105% ChiRI& Pacpf (7). 37 Chickasha COil (3).. 44% Childs Co (2.40). 66 4 Chrysler Corp (3). 49 CityIce & F (3.60). 19% City Stores (1).. 521 Cluett Peabody (5) 120% Coca-Cola (4)..... 48 Collins & Atkman, 56 Colo Fuel & Iron. 101 Colo & South (3 53% Columbia G&E (2 108% Colum G&E p? A (6). 55% Couml Graph (29.1c) 43 Com Credit (2) .1 131% Com Inv Trus! 27% Com Iny Trst war.,. 225% Com Solvents (h8). ., 107% Comnwealth Pwr 14, 59% Coude Nast Pub (2). 19% Congoleum-Najrn. .. 69 Cong Cigars (+5%) 72% Consol.Cigar (7).... 25 Consol Film In pf(2) 95% Consol Gas (3).. 96% Consol Gas pf (5). Consol RR Cub pf(6) 881 Contl Baking pf (8).. ‘1 60 ContlCan (2%). 3 79 Contl Insurance (. Crosley Radio (11).. Crown Cork & Seal.. Crucible Steel (5). .. Crucible Steel pf (7) Cuba Cane Sugar.... Cuba Cane Sugar pf.: Cuban-Amer Sugar.. ‘Cuban Dom Sugar... Cudahy Packing (4). Curtiss Aero (1).. S Davison Chem.... 21 Delaware & Hud (9).,201 22 Del Lack & W (17),. 400 1 % Denv&RG'WpL.... 65 76 46% 83 b4% b4 14 166 165 .18 10! 1 96 445 d4u 115% 115% 332 334 275 1374 1374% 102 102% 116% 116% 84% 85 63% 64 478 48% 29% 35% 87 f9% 127% 130 95 95% - 106 106 36 36 74 5 45% 45% 6% 79 4% 4% 1321 133% 118 118 4 641 647 4 4 46 116% 3341 148% 153% 100 100 1 754 5% /80% 80% 514 524 440 44n 1305 131 5 65 35 3% 107 i 181% 18172 65% 66 68ts 69 23 83 41% 411 24415 247% 1797 1797 17813 180% 116 116 148% 154% 133% 135 18 3% 14 112% 113% 19% 294 29% 25314 2577 10115 1014 20315 17 e 380 380 6 6 36 54 29% 391 42y 36 54 301 4019 42 17 38414 6 36 53 304 10~ 42y 131% 133% 131% 5% 5% 131 131 g2 84 2013 391 30% 301 1 114 91 93y 9215 93 1175 119% 1181 11813 49 49 126/ 1264 8115 83 % 494 9414 115% 115% 109t 109% 34 387 4 125% 125% 139% 140 106 47% 50 166% 172% 56 56 480 489 226Y% 226% 68 68 llgr‘ llg: 1% 11% 4 14 4 4 54% 1% 97T% 9T% 9% 96 55 BA% Biw 2% 21T% 22! 145 . 151% 4% T 5% 130 82 56% 2% 217% 45 . % % 168 56 Bales— ¥ Add 00. High. Low. Close. 4 320% 320% 13 49 46% 2 45% 45 42 109% 108% 1 2% 2% 6 50 50 44 191% 1874 1 114% 114% 5198 198 10 62 61% Dominion Strs(1.20). Drug Corpn (4). Duluth S S & Atl Dunhill Inter (34)... Du Pont de N(t43%).. Dupont d N deb ( 113% Eastman Kod (18 Eaton Axle & S (3 Eitingon-Sch (2 Elec Auto Lite ( Electric Boat. . ElPwr& Lt (1), Elec Stor Bat (5) Emmerson-Brat A 264 Eng Rub Sve pf(5%) ErieRR. pf(4).. Equitable Bldg(23%). Eureka Vac €1 (4).., Evans Auto L($2%). 4 55 53% 1 64% 6415 3 94 94 2 16- 15 54 111% 109 6 1% 5 Fash Pk Asso(k2%). Fed Lt & Tre (31%). Fed Motor Tr (80¢c).. Fid Phen F Ins (2).. Filene's Sons....... First Nat Stores 1%. 110 5% Fisk Rubber.... 30 8 8 Flelschmann (13%). 851 264 Fleischmann ctfs.... 6 97% 96l Follansbee (12%)... 13 71 697 Foundation Co. 6 b54% b2 Fox Film A (4) 29917590 Freeport-Tex: 6 44 44 Fuller prpf (18.68).. 11 102 102 Gabriel Snub A, 2 Gardner Motor. 23% 23 14 131 963 _ 95 89 * £6% Gen Cable A (4). Gen Cigar (4)..... Gen Electric (16) Gen Elec spec (60c). Gen Gas&El A (el%) Gen Mills (3).. Gen Mills pf (6) Gen Motors (13.. Gen Motors pf (7). Gen Outd Ad vte (2). Gen Public Serv(b§) Gen Ry Signal (5)... Gen Refrac (13%)... Gillette Safety R (5) Gimbel Bros pf (7).. Glidden Co (11%). Gobel (Adolf). Gold Dust (214). Goodrich B F (4) Goodyear Tire (5). Goodyear 1st pf (7) Gould Coupler. Graham-Paigi Granby Consol (7). Grand Stores (1). Grand Stor pt (6 Grand Unfon. Grand Union pf Granite City Stl (3).. Grant W T (1). Grt North pf (5). Grt North pf et (5) Grt'Nor Ore (a1%).. Grt West Sug (2.80). Greene Can Cop (8) Gulf Mo & North.... 28 534 50% Gulf Mo & N pf (6) 1 98 97 Guif Sta Steel (4)... 135 T1% 68% 69% 6 1191 117% 827 81 116% 1:5% 121% 1171 31 30% 364 35% 71% 170 Hahn Dept Stores... 2! Hahn Dept S pf(6%) Hartman B (1.20) ¢ Hayes Bdy (b8%s Hercules Powdr (3) Hershey Chocolat: Hershey Choe pf (4). Hoe (R) & Co.... “4 Holland Furn (e23%). Hollander & Son. .. Homestake Min (17). Houd Hersh B (1%). Househd Fin pf (3) 2 Houston Oil..... Howe Sound (4%) Hudson & Man (2%). Hudson Motor (5). Y Hupp Motor (f2).... J— 4 Tllinots Central (7).. 11 150 1llinois Cent pf (6 36% 351 971 971 23% 221 34 33%m 128 128 C 100% 100% 295 291 401, 393 2214 22 724 72 44 42w 4915 9% TEG 76% 68% 68 470 44y E7% 86w 42 42% 147 amBroanaaand Indian Refining ct, Inzersol Rand (5% ). Iniand Steel (334). Inspiration (4 Intercontinental Rub Intl Agricultura Intl Agri prpf (7). Intl Business M (5) Intl Cement (4). . Intl Comb Eng (2). Intl Harvester (2%). Int Hydro El A (e2). 21 Intl Match pf (3.20).. 20 Intl Mer Marine..... 4 Int Mer Marine ctfs.. 4 Intl Mer Marinepf... 4 Intl Nickel Can (80c) 128 IntiPap & P A(2.40). 4 % Intl Pap & Pwr B. 61 Intl Pap & Pwr C. 90 Intl Pap & Pwrpf(7) 3 Intl Print Ink (2%).. 2 Intl RysCent Am... 1 491 Intl Tel & Teleg (2). 614 111'3 10915 Inter Dept St (2) 7 69% 66% Intertype (£11%).... 2 371 Island Creek Coal(4) 2 52 Jewel Teanew (3).. 5 79% 79% Johns-Manville (3).. 258 200% 1967 Jordan Motor Car.... 3 . & ¢ 2384 238 9 TR 0% 67 124% 120% 50% 874 5 2814 48, 490 78 31% % Kan City Sou (5). 4 Kaufmann DS (1%). Kayser J & Co (5) Kelly-Spring Tire. Kelsey Hayes (2) Kelvinator Corp. Kennecott (5).. Kimberly Clrk(2%) Kinney (G R) (1) Kolster Radio.. Kraft PhCh (1%). Kraft PhCh pf (6%) 4 Kreuger & Tol(1.34). 116 Kroger Gr&Bak(c1). 217 1031 2814 524 13% 4514 15% 8514 49 43 354 244 4 Lago Oll & Trans Lambert Co (8) Lee Rubber & Tir: Leh Port Cem (2% Lehigh Valley (334). Lehigh Valley Coal. Lehn & Fink (3). Liggett & My (15)... Liggett & My B (15). | Lima Locomotive. Link Belt (2.40). % Liq Carbonic (14%). Loew’s Inc (2). Loft Inc. Long Bel Loose-Wiles (2.60 Lorillard (P) Co 23% Loutsiana O1l. 1 % 51% 1% 149% 102% 100% McCall Corp (4)... Mcintype Pore M(1). McKesson & Rob (2). McKes & Rb pf(3%). Mack Trucks (6).... 36 Macy(RH)&Co(ct3) 126 Madison Sq G (1%) 1 Marmon Motor (4). 7% Martin-Parry. . Mathieson Alk (; 56% Melville Shoe (1.40). 20 Mengel Co.... . 85" Michigan 8tl (2%). -'80% Mid-Continent P (2). . 8% Middle States Oil.... °2% Middle States Oi! Midland Stl pf 10 Missourl Pae pf (5) Mohawk Carpet 124, 99 Mont Ward (2%),.., 231 Moon Motors. .. 4 3204 46% 161% 101% 95% 15 43 Clt 3 0 16% 47 1471 148 334 19t ‘Btock and Dividend Rate. Morrell J (3.60) Mother Lode (40 Moto Meter A ct. Motlon Picture §. Motor Wheel (2).... Munsingwear (13%) Murray Corp (a3)... Sales— Nash Motors (6). Nat Acme (134) Natl Dairy ($1%) Natl Distillers. ... . Natl Distillers pf(7). Natl Pwr & Lt (1). Natl Radiator. ... . 1 Rys Mex 2d pf. Natl Surety (5) Natl Tea (1%). Nevada Copper . Newport Co A (3).. Newton Steel (3). N Y Alr Brake (3). 4 N Y Central (8).... A NYChi&StL (6).. NYNH&H (4)... NYNH&HDpf (7) NYOnt& West. . 1 No Ger Lloyd (3.41). Northern Pac North Pac ct ( 011 Well Supply Oliver Farm Eq . Olivr Fr Eq pf A(6) 4 Olivr Fr Ep ev pt(3 Pacific Gas & E (2):. 123 Pacific Lighting (3). 22 Pacific Oll stubs. ... § Packard Motor (15). 179 Pan-Am Petroleum.. 37 Pan-Am Pete B. 306 Panhandle P & R, 1 Paramount-F-L (3).. 230 Park Utah (80c) 24 change A. Patino Mines (3.89) Teerless Motor Car Penick & Ford. . % Penn Dixie Cement. . Pennsylvania RR(4) People's Gas Chd (8), Pere Marquette (18). Pere Mara pf (5). Pet Milk (1%). 5 Phelps Dodge (3). Phila & Read C& 1. Phillips-Jones (3) 4 Philip Morris (1). Phillips Pete (1%).. Phoenix Hoslery. ... Pierce-Arrow A Pierce Oil. Pierce Petr s 4 Plllsbury Flour (2) Pirelli Co A (2 88) Pitts & W Va (6). Pittsburgh Coal Poor & Co (12). P Rican Am To (B).. Postal Tei & C pf(7). Postum Co (3).+.00s Drairie Oll & Gas. Prairie Pipe L (t4). Pressed Steel Car Pressed St C pf (7). Prod & Refiners. ... Pub Sve NJ (2.60)...1180 PubSveNJpf (6),.. 8 Pullman Corp (4) 34 Punta Alecre Sugar. 3 Pure Ol (1%) - 85 Purity Bakerfes (3).. 53 Se - e ARk Dwentn PO arfanBe ¢ Radio Corp Radio pf A (3 Radio pf B (5) . Radio-Kelth-Orph A. 4 Reading (4)...... Real Silk Hoslery. Reis (R) & Co.. Reis (R)&Co 15t(7)., Remington-Rand. ... Reming-Rnd 1st (7). Reo Motors (11.60).. Tiep Brass Corp..... tep Iron & Stl (4)... Reynolds Spring.... Reynolds Th B(2.40). Richfield O11 (2)..... Rio Grande Oil (k2). Ritter Dental (23;) Rosaia Ins (2 20). 9 Royal Bak Pwdr(1).. 112 Royal Dutch(al.336) 4 — Safeway Stores (3).. 28 St Joseph Lead (13). StL-San Fran (8)... St L-San Fran pf (6) St L Southwestern. . Savage Arms (2).... Schulte Retail Strs. Seaboard Air Line. 4 Seaboard Air Line pf Seagrave (e1.20).... Sears Roebck (32%). Seneca Copper...... Shattuck F G (2). Sharon Steel H (2) .. i Shell Union (1.40) Shubert Theater (5) Simmons Co (3) Simms Pet (1.60). Sinclairofl (12%) Skelly Oil (2). Snider Packing pi So Porto R Sug 12%. Southern Cal Ed (2). 300 Southern Dairies B.. 3 Southern Pacific (6). 62 Southern Rwy (8) 14 Southern Ry pf(5). Spalding A G (1.60). 154% 62 1091 Add 00. High, Low. CI T 10 3 3 1 3 1981 2 54 172 13 95 5 544 4 14 524 ‘Tex: Stock and Sales— Prey. Dividend Rate.” Add 00. High. Low. Close. Close. Spang-Chalfant Sparks Withgtn (n. Spicer MIg.c.ooosven Splegel-Mav-St (3).. 6% Stand Com Tob (1).. 2 Stand Gas & El (3%) 277 Stand G & E pf (4) Stand Ol Calif (13) Stand OIIN J (12)... 1 Stand Ofl N Y (1.60). Stand Plate Glass... Sterling See (A) Sterling Sec pf 11.20, Stewart Warnr(3%) Studebaker (35) Submarine Boat. . Underw-EI-Fish(4).. Union Bag & Paper. . Union Carbide(2.60). 210 Union Oil Calif (2).. Union Pacific (10) Union Pacific pf (4).. % Union Tank Car(5).. 4 Utd Alrcraft&Trans. Utdndircraft&T pf 3. Utd Biscuit (1.60)... United Carbon. ..... Utd Cigar Stores(1). 1td Cgr Store ctfs U S Rubber 1st pf. U S Smelt Ref (3%) U S Smelt Ref pf 3% U S Steel (7) 19 U S Steel pf ( Univ Leaf Tob ( Univ Pipe & Rad Ul Pwr&Lt A Vadsco Sales........ 6 ‘Vadsco Sales pf (7). Vanadium (14). 231 Vick Chemical (4) Virginia-Car Chem.. Virginia-Car 6% pf.. 40% 40% 40% 63% 40% 64 53% 86 18% 135% 64% 2% 573 8 40% 10 4% cer 3 Superfor Steel Symington A. Telautograph (1). ‘Tenn Cop &Ch (1). Corp (3)..uuas Tex Guif Sul (4) Texas Pac Land Tr.. ‘Thatcher Mfg.. Thatcher pf (3.60) . Tide Water Asso. ... Tide Wat Asso pf(6) Tide Water Oil p£(5) Timken Det Ax(80c). Timken Roller (3) Tobacco Pr (1.40). .. Tobacco Pr A (1.40). Tob Prod ctfs(1.40). Transcontinental. Truscon Stl (31.! 15 Utd Electric Coal(3) % Utd Fruft (c4)...... 8 Utd Gas & Imp (1).. 1898 Utd Paperboard. 1 TS CstlPetfs(2), U S Distributing U S Distrib pf (7) Foreizn Secur FornSec pf (7). U S Ind Alco (6) 54 50% 2017 10 1 1% 438 K74 7 133 443 Wabash. Wabash pf A Waldorf Systm (1%) Walworth (1.20).... Ward Baking B. Warner Bro#Pic (n) Warn Br P pf(2.20)... Warner-Quinlan (2). Warren Bros (15). Warren Fdry & Pipe Webster-Eisenlohr. . Wess Oil & Snow(2). 5) Wess O & Snpf (4).. Westvaco Chlor (2). Westn Dairy (B).... Western Maryland. . Western Md 2d pf. Western Pacific..... Western Pacif pf.... Western Union (8).. Westngh Air Brk(2). Westngh EI&M (4).. ‘Weston El Instru.... 4 Weston El A (2) Wheeling & L E pf Divident tion. ‘et it 4% 1n stocl £ Plus i Plus 8% 10% in_stock. k. 95 53% in stork. a: e_above cash payments based on the latest quarterly or b ding less than 100 shares. ¢Partly extra. fPlus o Rl tes {Plus 125 1 stock. | year—no regular rate. g Favable ‘when earn White Eagle Oil (2). White Motor (1) White Rock M S ‘White Sewing Mach 4 Wilcox Oil & Gas.... Wilcox Rich(A)2%.. Wilcox Rich(B)c2. .. Willys-Over (c1.20). Willys-Over pf (7). Wilson & Co. . . Wilson & CO A...... Woolworth Co . Worthington Pump.. Worthington B. . Wright Aero (2) Wrigley Wm (4) Yale & Towne (4)... 4 Yellow Truck & C. i Young Sp&W (12%). Young Sheet & T (5) Zenith Radio. .. RIGHTS EXPIRE 4 Col Gas&El..Aug 15 206 Mont Ward..Aug 26 85 Utd Corp. 36 41 -Aug 15 911 s given 1n_th yearly d 3 1) eterred stock. far’r bie in stock. ¢ Plus 5% e Payable in cash or stock. :lo:k. hPlus 3% In stock. e % Plus 6% in I stock. K Plus 3% in Wall Street Briefs By the Associated Press. Gold movements at the Port of New York in the week ended July 17 showed an increase of $4,997,000 in gold ear- marked for foreign account. Imports of $14,188,000 included $9,274,000 from Argentina and $4,872,000 from England. Exports totaled $79,000, of which $69, 000 went to Mexico and $10,000 to ‘Trinidad. Stocks of crude oil in California at the end of June totaled 165,270,309 bar- rels, an increase of 5,475,500 barrels. The daily average production amounted to 820,821 barrels. Sixty-two wells were completed with an initial daily produc- tion of 123,001 barrels. The Lehigh Valley Railroad has re- ceived hld.{lg for electrification of 75 miles of its main line between Mauch Chunk and Wilkes-Barre, Pa., from the General Electric Co. and Westinghouse Electric and Manufacturing Co. Ameri- can Brown Boyeri Co is reported figur- ing on a bid. 4The cost of the project estimated Between $7,000,000 * and $10,000,000. The section runs through mountain territory. Sales of ordinary life insurance showed an increase every month in the first_half of the year over the corres- nding 1928 period. January mada the argest gain with a 16 per cent in- crease, while April was second with a 12 per cent gain. In the 12 months ended June 30, sales increased 7 per cent over the preceding 12 months. Deliveries by General Motors dealers to consumers totaled 104,705 cars in June, compared with 206259 for the | De: same month last year. Sales by- the corporation’s manufacturing divisions to_dealers showed an increase total- ing 200,754 cars against 126,160 in June, 1928. to 100,000 tubes wit months. Present output is 5,000 sets and 30,000 tubes a day. Assets of Continental Insurance Co. increased $5,724,043 from January 1 to June 30, $97,379,523 on the since January .1, ¢ holdings of se~ 1 was |new, 1.39; July curities rose from $83,194,055 to $87,- 791,854 over the same period. Kuhn, Loeb & Co., with several other New York banking houses and the Con- tinental Illinois Co. of Chicago, have arranged a one-year credit of $7,500,000 for the Berlin Communications Co., a holding organization for stock of transportation systems in the German capital. The trustees of Power & Light Se- curities Trust have authorized a 25 per cent increase in the number of shares. Stockholders of record July 22 will get rights to buy additional shares at $80 in the ratio of one new share for each four held. Earnings for the year ended June 30 totaled $287,882, against $70,637 for the previous 12 months. Gross sales of United States Stores Corporation for the six months ended June 29 were $13,836,136, compared _Wit;l”:l!,fl'lfifl for the same period in z Baltimore Markets Spectal Dispatch to The Star. BALTIMORE, Md., July 19.—Potatoes, 100 pounds, 75a1.25; new potatoes, bar- rel, 2.00a5.50; sweet potatoes, bushel, 1.50a2.25; beets, 100, 1.50a2.50; beans, bushel, 1.25a1.50; cabbage, 100, 3.50a 6.0¢ carrots, 100, 3.5024.50; celery, crate, 4.0025.00; cucumbers, hamper, 50a85; corn, dozen,. 15a40; lettuce, crate, 50a1.50; lima beans, bushel, 2.50 24.50; onions, hamper, 1.00a1.25; peas, bushel, 4.0024.50; peppers, hamper, 1.00 a1.25; squash, hamper, 35a40; tomatoes, hamper, 1.50a2.75; apples, bushel, 75a 2.50; blackberries, quart, 15a18; canta- loupes, crate, 1.25a3.50; hucklelerries, quart, 15a25; oranges, box, 2.00a4. aches, hamper, 65a90; watermelons, Dairy Market. live—Spring chickens, gflund, ‘Wheat—No. 2 'red Winter, garlicky, delivery, T o 1.39; August Hates’ bog ol nearby, new, 1.2081.25; 25. | Zinc steady; East St. Louls, spot 3 80. Antimony, 8. cargoes on_grade, No. 2 red Winter, garlicky, 1.3812; No. 3, 1.34'2; No. 4, 1.3115; No. 5, 128! Corn—No 2 export, July delivery, no quotations; No. 2 yellow domestic, spot, 1.20a1.21; cob corn, old, 5.7526.00. Oats—No. 2 white, domestic, spot, 59a 91 ‘5EN\I 3 white, domestic, spot, Rye—Nearby, 1.00a1.10. 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- ing received. There is not enough busi- ness passing to establish prices on the various kinds of merit 2t a range of g.oone,oo per ton for timothy or clover y. Straw—No. 1 wheat, 12.00a12.50 per ton; No. 1 oat, 12.50a13.0¢ BUILDING OF APARTMENT HOUSES SHOWS INCREASE By the Assoclated Press. NEW YORK, July 19.—A substantial gain in apartment house projects brought the new construction total in the past week to $63,150,000, compared with $47,050,000 in the preceding week and $57,650,000 in the same week a year ago, says the McGraw-Hill Con- struction Daily. Proxosed work in the heavy construc- leld in the recent period showed the follo totals: Apartments and hotels, $23,850,000; commercial build- ings, $8,100,000; educational buildings, $4,600,000; public works, $4,000,000; in- dustrial projects, $3,800,000; railroad improvements, § 1.850,000; hospitals, $1,- 500,000, and unciassified. |- $15,450,000. METAL MARKET. steady: ;{o&x.wgm H’ (flimue i cady; elect , spot an , 18; 1 s ; unchanged. Tin firm, spot, 47.37; future, 48.12. Lead steady; 3 8pot, New 'York, 6.75; East St. Louis, 6.55. t. and future, 6 CHICAGO DAIRY MARKET.' CHICAGO, July 19 (#).—Butter un- receipts, 14,309 tubs; eggs un- receipts, 17,714 cases. Special Dispatch to The Star. ADVANCE IN STOCK PRICES CONTINUES {Buying Is Vigorous in Wide Variety of Issues—Money Easier. BY STANLEY W. PRENOSIL, Assoctated Press Financial Editor, NEW YORK, July 19.—Disr ) 2 regardin, the establishment of a new high reem: in Federal Reserve prokers' loans, the stock market continued to move upward today, although the advance was by Do megns uniform. Buying o) were conducted with comldsengg. \trli,::i in a varied assortment of steel, public utllity, can, electrical and railroad shares, & dozen of which moved into new high ground. S and oll shares were conemmra motor plentiful that the rate was dro) 7 in the early afternoon. pp(e)the monetary accommodations held steady. The market continued to' move for- ward during most of the afternoon with the utilities and several of the rails leading the advance. North American sold up more than 4 points and Engi- neers Public Service more than 3 to new highs. New York Central extended its gain to about 5 points, and Lackawanna jmounted 6 to 2 new peak. Some profit- taking appeared in the final transac- tions, United States Steel having reached a record price at 206%, falling back about a point from the top. The close was firm. Opening Is Lower. Prices moved irregularly lower at the opening. General Electric dropped 2 the first sale and American Telephone and Hartman Corporation about a point each. Gillette Safety Razor advanced 1! points. Trading was relatively light in volume. Renewed bidding for U. S. Steel com- mon, based on unconfirmed reports of a *|2-to-1 split-up and a higher dividend 2t the next meeting, which carried the stock above 205 103 new high recors. checked the early selling movement, and :;t:-rskzx;mgny p’gp:hr shares, such as an. Radio a -Roe- | buck, worked Tigher. ~ -0 Sears-Roe Establishment of a new high record by Federal Reserve brokers’ loans, although *|the gain of $58.000.000 caused little sur- prise, brought some selling into the | market by nervous investors and trad- ers. Pools, faced with the prospect of | relatively easy call money Bnufunui {around the first of the month, resumed operations in a wide assortment of is- sues, but small traders were slow in following up the advance. New High Records. New high records were established by Bullard Co. and Engineers’ Public Service, American Radiator, Union Pa- cific and National Bellas-Hess also wers conspicuous in the early upswing. On |the other hand, Wright Aeronautical, | United Aircraft, Commercial Invest- ment Trust, St. Louis-San Francisco, Delaware & Hudson and Great North- ern preferred quickly yielded a point or_two. Foreign exchanges opened steady, with sterling cables unchanged at $4.85 \FIVE PER CENT GAIN 0CCURS IN WAGES NEW YORK. July 19.—Industrial workers today have 5 per cent more money to spend than they had a yeas ago, according to conservative esti- mates made in reports received from most sections of the country. The farmers are in a strikingly betfer posi- tion than they were a month ago. ‘Wheat is up, and this not only affects the future prespect of the growers as to this year's crop and regulates the amount now being received from 1929 grain being harvested, but it makes a big difference in the value of the large stocks in storage left over from 1928. Live stock is firm, corn prospects are *|fair and the total yield from cotton may prove satisfactory. The fruit growers are not in as good case and some of the industrial workers also are out of luck. The situation of the Southeastern fruit growers is reflected in the numer- ous failures of Florida banks during the week. This has had its reflection in Northern communities, since tourists have kept open the financial channels between the North and Florida. The position of Northern banks has not been endangered in the slightest, but the failures have created a huge amount of extra bookkeeping as checks on the 4| closed banks come back. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life ns. Ce. 1520 K Street ational 0475 D 1l n NearbyVirginil I 1/ 7 ledentiel | 5 2 0 nsul::::: 0. Commonwealth Investment Co. | 917 15th St. N.W. Phone tional 262: 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 Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 ¢