Evening Star Newspaper, July 24, 1929, Page 14

T4 WAk UTLTES TRADIG IS HEAVY ON CURB Light and Power Issues Again Feature Activities in Brisk Session. BY HARRY H. BECKER. Mpecial Dispatch to The Star. NEW YORK, July 24.—Another ses- sion of extremely active trading, with the ticker far behind most of ‘he time and a score or more new highs in the utility division, was witnessed on the Direct te The Star Office Sales in hundreds. 141 Acoustic Prod 7 Alnsworth 7 Alexander, it Cif Citfe: 0 30 Am Cit. P&L B 5300 INDUSTRIALS. Hi 3¢ Amer_Commonw P A 27 THE EVENING STAR. WASHINGTON. D. C. WEDNESDAY, JULY 24, 1929. 1 7s ptd.. 130 200 Atl Lobos 130 Pt non-pt’ pr_tien.. 138, & Sons .. B4% 82 30 IdPL. . 404 39 1300 Inter Pet Lid 1 BT Nat Transit 1 ptd.] 1033 hio Ol 33 Mohawk Hud” vt 38" ‘3% 1 Moody Inv Ser p pfd 43 Kentucky n 9 Motor Meter G Nebrasks. . 1 Mount 8t P C. 71 Murray ris .. 1 Municipal Serv z #IIYDHY C ’87 5 88, .. 10 Allied Pk 8 '35 cod e 1 Se 20 Alum Co. Amer 55 52 1 Tam St 6 Alum_TAd s '48. Pood Prod B i 3 24 Am Commonw 68 44’ 1 Investor war.. e 14 Am P < Am 13 Am Rol, Mfil 51 5 Am Seating 6 " e s 17 Appal El Pow 55 1 Abbott Dairies 6 '42. 9% 70 Abitibi B & B 5n A '3 ae TAHIMEN SEEKING STATUSASUTLITY Position—Ask for Uniform Service Charges. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, July 24.—Many of tle larger taxi operators throughout tie country are clamoring for State and Federal regulation for a status as a public utility. This is a distinct re- versal of the position taken by many ‘The lake steamer lines, for EARNINGS REPORTED. NEW YORK, July 24 (#).—June net op-nm income of the Northern Pa- cific way was $1,134,902, compared with $1,350.888 a year ago. Net for the first six months was $7,197,078, against $7,634.129. Reo Motor Car Co. réports net profit of $1,686,358, or 84 cents a share, in the first half year. This compares with $3,018,144, or $1.50 a share. in the same 1928 period. June quarter profit was $1,148,844, inst $3,104,633 a year ago and $537,514 in the March quarter of 1929. New York, Ontario & Western Rail- road had June ner operating income of $122,131, compared with $106,198 a 3 . Surpl after charges was $30,51 ,172. For the six- month period there was a net loss of $£475,074. compared with loss of $513,- 791 in the first half of 1928 Delaware, Lackawanna & Western Railroad had June net operating in- come of $1312,843, against $1,395,654. Net for the first half year was $7,885, 394, compared with $6,952,155 a Yy 2go. e - EARNINGS ARE INDEX | TO U. S. PROSPERITY Special Dispaich to The Star. i NEW YORK, July 24.—From many lines of Industry, even from those whose securities have not enjoyed the favor of the stock market recently, such as the motors and the olls, today came reports of brilliant earnings in the first half of 1929. ‘When the returns are all in. a few weeks hence, it will be shown that the | first six months of the year have wit- | nessed the highest tide of industrial | gr'::z:my in the history of the United These Teports are soon to be supple- | mented by those from the railroads. | which are just beginning to publish | their statements for June and for the | half year. The public uiilities have | { had practically an unbroken record of | | increasing gross and net earnings with | an ascending scale of electrical energy | generated, for several years. | Business Notes By the Associated Press. NEW YORK. July 24.—Fairfax Air- port. at Kansas City has contracted with the Gravbar Electric Co. for an 8,000,000-candle-power revolving bea- con and other lighting equipment. S. L. Willits, assistant chief of ‘he inspection section, Bureau of Aero- nautics, Department. of Commerce, has been appointed vice president of the Spartan Afrcraft Co. He will take over executive management of the Spartan School of Aeronautics. Sales of the Perryman Electric Co. in the first six months of the year totaled $391,000, a 350 per cent in- crease over the corresponding period of last_year. The company's new plant at North Bergen, N. has unfilled orders for more than 1,500,000 radin tubes. The United States Army Air Corps WHERT CLOES LOWER, | et P S oo e e Smts o gl 1 8°0 earning reports available ay were | - e * |those of the elecirical manufacturing | United Founders’ Corporation, an in- o 22 Asso Gas & E %5 ‘77119 ponents of regulation by State public | vestment. trust organized last Febru- tion of new holding companies and gi-| $Am Cas & Elec 2103l 2l 1Nent Corp . : " 35 Auag el 0 sigs Mg C 110 Utilities_commissions or the Interstate | CHICAGO, July 24 (F)—Heavy sell- | companles, such as General Blectric | 10T Sostts “whose market value gantic investment trusts. 33¢ Amer Lt & Traction. 319'a 3 New Eog T & T8 8 A e e o, 138 Commerce Commission declare it wouls | ing in connection with marketing of | cate the activity in the manufacture | DOW_exceeds $150,000,000, says Louis + Enormous gpcning '{fi“fififflmgfifis o Amer Iny TT 335 %3 4 New Baten Sioce 2, 3 BECY can 38 A standardize ‘the business and ObYeLe | nowly harvested domestic wheat in the | of sloctrical equipment. snd. appiianées | . Seagrave, president of ‘The corpora- I oy eputions of the list, Niagara| pamer Iav ma: ] . . otes, such as are imposed | SOUthwest did much to pull wheat prices andithe income whiehy ’tnr;en\;‘n:nr.c:;;.[‘ S ST Daltimore & Hudson Power came out for 53,0001 . 1Amer Phenix ....... 58 Nt par 0. '8l on the rallroad and other vehicles in | downward today, especially near the | BE Trom, UACE Investments o swh- i mper of shares to 15000000 from shares at a new high record price and & Amer Sol & Ghem . " 3 981 Niag Hud Pow .. 2 3 Dintos KL S0 interstate and intrastate commerce, are | finish. The lowering of wheat values | dustry. 1In the six months fo June 5000.000. added to/its gain belorePriday, withile Zame/eol s chom pid 32 Nk il % Sont iy n strongly urged by Ernest H. Miller, . i\ the face of assertions that the | 30 the General Electric Co. did a gross HOIders of 7 per cent secured notes president of the Parmelee Transporta- | 205 1 0 18 O Lot Cron "move. | business nearly 25 per cont in'excess Of the Concolidated Texrile Corpora- Hon Co. This corporation operates & 'ment is pest. Some estimates today put | of that of the same period of 1925. iion have consenied to a renewal of huge system of taxicabs in New York | th."toral yield of wheat in the Cana- | The Westinghouse Electric in the same | [Ne securities, which matured July 15, Am go‘”"""}"" f wat 4 3 Nat Toll Bridee A Tnterest in the power and light lssues| 43 AT GOMA F on]l war A 1 Nt Trhae Jonenar... was heightened by the reported forma- 232 Amer_Dept_Stores. . ;Nluhtlm Pharm ... Curb Exchange today. TATEE &L 8 '8e example, always have maintained they 68 Asso Gas & El 4)z8 . were not a public utility. Ths pro- s A 1Asso Dve & Print . 39 Asso Flec Ind .. 143 Asso G&E deb ris 1Ass0 Laund Amer A 134'As G & E n rts 2 Atso Ravon pfd . 3 At Coast Fisheries .. 1Atl Froit & Sug ... 1 Atlas Plywood .... .. 4Auto Vot Mach 8Auto Vot M cv pr 2 Aviation Co of Am e Penn O Ed p b 0474 1047 3 Gatineau Pow 85 31 Aviation Corp. ..... {Penn Wt P 8. 9 g 13 Gen Theaters 6s their rivals say, are not the hu:‘ lor g ::n'r& most luxurious. They make a specialty | J11¥ - 4 ported to be planning consolidation of | to Class 4 Common Stockholders of ‘recod | Tetail tire stores inio a $100.000.000 's: the close of business Ausust 3:t 163 1 Aviation Credit 1 1115 Penrosd Corp vt 3Gen Al 8s A ww 1Aviation Sec . 5 4 T Peop L & B Cor A 7 Gen Ind Alco 6 of the business at or near the steam- | Deozsmpes . RYE. chain, to be called the United Tire , Checks to be malled. Transfer books wiil PN B 5 i p R v issues constituting its principal hold- un“.’flif» gt“-ul;u‘:‘b“sbzn A 2% ¢ 5 B opt war B , S ey B 185 The strength was induced by reports 3 Amer Euperp st pid 13 Nor Amer Av&infln o 1% Y R eitay that plans for further expansion were| 3 ATl qanr Tray 17 North Am: OHIIty Sec 1% & and Chicago and has jusi completed | 4jn prairie provinces this season at as | period expanded the money value of for five years, the company announces. E,mg' shape and would be announced | { ARCEP wiire 1ot Nor At Be Tt gt g0’ arrangements to put fleets into Pitts- | fLAH DIREE BOanel o S arought | its output $27,000,000, or 30 per cent.| The noies are outstanding to the Niagara Shares Corporation also| 17 Arcturus Radio T 3 Norcpaan, Fow ct den 1), 5 Gadahy 8. * | Eventually the chain will be made na- i t: + Sears Roebuck & Co. and Monigom- climbed to a mew top in- antleipation | ssh ALCoRA! TR St T ey & sal 3" onvite :;fifi:‘n’fl:‘" influence, at least for | g W on e e e Jeofis Swien | ery Ward & Co. sre distributing their 1 e iE 3 Spee STk 3 Det il otas, In many cities, including New York, | 'Wheat closed unsettled, % fo 1%c | they show for this period comes from | Fall catalogues, both of which are th- portant investment flmm:t ‘r;g‘u o 10versens Bec ... . 5Det Intl 73 .§, Mr. Miller points out, taxis are prohib- | under yesterday's finish. 'Corn closed | the sale of securities rather than from | Spring p”; e aTe TR ML Kie o0 ah 'h'; L e Bl T S LR LRlpate N ited from charging more than a cer- |1 to 11;c down. oals Y, to lc off, and | the income on their porifolios of siocks SPTIng pric s o Akl f»(k Ll'gh:x:‘n.ge ’vfill?:‘qu:lclg 2 Parmeles T : 3 IO tain sum per mile, but there is no re- | provisions varying from 2c decline to a and bonds. ~They have been taking ' - ) 5 : 3 meise Trans 3 I n ot Ka = spiritenfdencnasciahine ehwiianod rndB&recd 2 P et Ber r 54 108 charge. In New York, for example, e speculative 'trend from ‘one. group of Austin Car Co. is expected nex week 3 - asis of 40 cents per mile. The major- d : e considerable. proft-taking in the Cen- iPenn G & ELA 18 Fla P&L 8 16y of cate WGk v 4 bash ofl 30 eonts | oo - : mal “States Electric issues following for the first mile and 20 cents a mile |Juls .. Tire Stores Merger Planned. Boston. July 10. 1936 news_of the organization, jointly wi The Board of Directors have ceclarec a the Goldman Sachs Trading Corpora- NEW YORK, July 22 ()—The Na- | cuarteriy divicend of sixty (60) cents a tion, of a new financing and investment tional Tire Dealers' Association is re- |fhare on the Class A Common Siock of company. > 38% INTERNATIONAL PAPER & POWER_COMPANY 2 82 385 =§'f s 26 s 8 ings also entering new high territory. | 1103 Amer Superp'n. . Sl 2 Nows “Hec 1 Serv Gas 5 1 Conl Ol “|burgh ‘and other Midwestern cities. | jeyelopmenis appeared to have lost| The investment trusts also are mak- (2mount of $6,569,500. 1 Arizona Power 13 Nor Sta P A of & consolidation with three other im- | 383 Ark 3 48 Packard M - Neiso Trans 12 Empite O & R striction as to how little they may | rise of 7al0c. advantage of the Tapid changes in the , AU o7eing of sock for the American of the less active members. There was 1Penn Ohio Ed.. 113 Gen Pub Serv 5'a5 thereafter. The higher-priced cabs, | SePlember .. this company. payable August 15th, 192%. s w25 an: ] 3 Bellanca Alrc vic . Hemliatan 21 Georgla, Pow b1 "7 endix Corp n 1 Perryman Elec . , T8lum & : 1 hilippe “Couish A L 31 % S Harpen 65 '49 *, Bow-B Hoi s pfd ... ) CHICAGO STOCK MARKET. 3 Hood Rub 5'2s '3 necial Dispatch to The Star. 2Bnll 3 Houst Guit CHICAGO. Julv 24 —Following is | % Bidakan """ "= [ g e e E 3Ind Oil & Gas 6 ‘39 108% Sk ity esnie Pase The e (DG - report. of fodav's sales. high, low and 1 Buf Nag & EF ur. i b3 .| A et Gl iimms SRl B the managers of the big eab companies 'Setebsr . closing_aquotations, on the Chicago| $BUNSEEEF 4 1 Botrars Bugar § Intersia o 3% 87 10 M1 #1s 802 | assert, is extremely narrow. They do Stock Exchange: SBUCN & B Poptd . 1Eortl 1 Pow o fove Cor B be & 3150 *[not deny they make excelient profits Sales in STOCKS. R e 2 Bow Corp Cenads Eatein Oo: 3 3 | but say these profits come from opera- hundreds. H::h, Lg!l' ('I(o;e. e 1 Bulova Watch' pfd.. vy 5 Kelvin Corp 68 o | N RBbott Lab 20 Bum‘\': l:or.ch B ’17 ;;:3 f 8:2"5.‘ & 2Kop G & Coke 55 47 s;’. ! tions of & large number of units at the 1Acme steel 1@ 2 126 { narrow margin. 1Acme: steed 1l 7 Burrough Ad 1 Ralnbow Tom B R 31 5 Lehigh Po 65 A 2026 . 10 COTTON PR"CES DROP. 7 Grand Trunk 6%s . ” ship docks and their patrons, many of | R G LI | Septemoer * At the present general scale the rates | December . in New York are lower than in any LARD Stores Corporation. R. G. 1LADD. Assistsnt Treasure: 382 =g 38 SES aee R+ an aug Equitable Co-Operative Bldg. Assn JOHN JOY EDSON, President WALTER 8. PRATT, Jr., Secretal Organized 1879 49th YEAR COMPLETED il 3 Butler Bros 10 Rainbow Lum P A 2 3 Lous Po & Lt 5a '37 " ++.$5,513,051.63 Sorplus & Profits. 1Burt'P N Co. 3 Rail 4 Manito Po 8Yas A 'S1 | 1 Bable "l e “vic! dRAe e M3 5ian 48 NEW YORK, July 24 (Special).—The | eyt 3 Aofbestos Manch Inc | general tenor ‘of the weekly weather 2 Repetti Candy. . report was better than expected, and, 2Rep Mot Tk ¢l as a result, a wave of liquidation car- 2 Caterpil ‘Tract ... 2 Rockland L & P v the Associated Press. | ried cotton prices off half a cent at 2Celan C Am 1 pid .. 90 1 Rolls Royce Ltd..... NEW YORK, July 24.—New security O time foday. Pinal quotations 13 Sent Ala_Sta Ser vic 11 3 Roosevelt Fleld : offerings today tnclude: “ | showed a loss of about 15 points. Spots Intercontinents Power Co., 6 per cent | Were reduced 15 points to 18.60. debentures with warrants.” due 1948, | Cotton range: . 11 2Cent & Southw Ut .. 128 1Root Rfg Cv pr pid 24! 3 Cent Pip Cor 3 9 2Rors Stores ... ¢ 2 amount $3,000,000, at 96 and interest. | gen: 7Cent Pub 8 A . 225 Cent States Bl n . 3 Cent Sta El cv pfd L o R ‘Western Refrigerator Line 6 per cent | 3=, .- R or Ind P S 55 C eouipment trust certificates, amount | Octooer. n 13 or 8 P M 6128 C & $1,000,000, due August 15, 1931, to Au- | December 3 A R gust 15, 1943, to yield from 6 to 6.30 per | QNE ¢ ‘ac 'Wn Ol 6’35 ‘43 cent. | . . 19 Bell Dairy Stores, Inc., 30,000 shares, et O Ed 65 A '50 ww at $10. | POTATO MARKET. en O Ed 5'is 59 B Ainsworth Mfg il Amer Mohawk insworth rts A ! New Securities :!Med Mot Ind Al A Capital Admin A llied Mot Ind Pfd 2Capite! Admin A ilied Prod A.... ltofer Br cv pid . Am Com P A.... 2 Am Pub Ser pid Am Radio & Tele Am States P S A Am Vvette Co. 3 ATt Metal. 1 Assoc Inv G 2 Assoc_ADDAT 27 Asso Tel Util 40 Atlas Stores Auburn Aut 1Mun §S Lin 13 Narrag 5 2 18 Nat P&L 65 A 2036 15 Nat Pub Serv 83 78 2 Nesner Real 65 ' 1 New Eng GAE 51 |4 NYP&Laus SAVE AS YOU EARN o fgos 1 HE Fquitable’s plan of sys- : 3 28 | __'ema!ic savings encourages 3 23 thriit in a manner that if con- sistently followed will eventual- Iy lead to financial independence. Start now while you have a CHICAGO, July 24 (#) (United States r i N “ome i Pacific Coast Aggregates. Inc.. s, Department of Agriculture).—Potatoes | Yty ncone s Come ol e e Coe ARAY rockr angl] =Feosita® A8TcATE | abtrek AR Cotal us explain about our systematic gravel company with holdings in Cen- | United = States shipments, ‘530 ' cars; plan. tral and Northern California, is offer- | market about steady: demand mod- | 915 F St. N.W. 2 1 3 1 0 2 2 2 2 1 220m e Regis Paper ... 138 hlet & Zan pid. . 37% hulte Un Sc-51 Str 11% c Gen Am Inv... 28 c Gen Am Inv pid 110 £al Lock & Hardw 3 . 3430 Select Ind 1st pd . 97% 16 \lected Indust Iné 257 4 Sentry Safety Control 2% 37 Serv El vic 183, ' 4 Sheafler Pen ".''. S ’s Sherwin Wms 9 3 : 28hawinigan W & P[] 1 Stkorsky Aviation ... €Silica’ Gel ctfs . 1Singer Mfg Ltd . s Smith Co (A O) 5 Southeast P & L 4Southe P & L p 2 Southe P & L wai uth~ Asbestos . Sou C E B pfd £ Sou Col Pow A 7 Southern Corp. . 2 Cent 5ta El pfd ww. 1 Cnain Store Stock 9 Check Cab Mfe 5 2566 Cities Ser n .. 4 2Citles Ser n sid 41% i 5 5 Ropa 00272 22 uto Wash pfd - 19 Bastian Blese 10 Baxter Laun A’ 2 1 3 5 1Cities Ser pfd 2Gity Mech & 2 City Radio Stores 3 ¥ 3 Clark (D L) Co 1Cohn & Kosenberger 1Colg Palmol ... 6 14 Columbia Pictir 21 Commonw_Util B 1 Common Ed . 2 Common P pfd 2041 Common & Sou . 595 Comm & Sou opt War 32 Cons Aircraft . 3 44 Cons Auto Mer Vi 2Cons Auto Mer pfd 2 Cons Cigar war 3 Consol Dairy P 4 Consol Film 979979 enn P & L s B 32 eop Lt & P 53 'T9 hila € P 5'as ‘12 oor & Co 6% Tiance B & 8 65 ‘44 el Man 35 54 A.. ichid Oil 63 44 A ichfid Ofl §'ax '31 och Cen P 51 A '53 an An P S 53 B '58 t LG & C 63 47, Scripps E W 5iss 43 Sha WP 4las A '67 Shawsheen 1 12 Snider Pa | 94 ‘ 20 Sove P & L 6 A 2095 ' “ l | 10 Binks MIR. Blums Inc wi. 2 Blums_ofd wi 29 Borg Warner ....... 7 Borin Vivit pt ptd 13 Brach & Sons . !, Bright Star El 10 Brown Fe & Wi C 21 2 Brown Fe & W1 Co B 23 Bruce (EL) ... “e 1 Bulova Watch Co pf. 11 Batier _Bros - 12 Camp W & C Fne 2 Cangl Conetr pid - 2 1208 00 MIE i o ol 13 Consol i B 3 Gent I P S bid;I vie v S GonroL S Pl 5 Southw Gas Utii Co 1 32 Gent & 8 W O A 4 Consol Tnstru 2 Southiand Rovaity. .. 2 Cent & 8 WO 18 Gonsoll Taurs 1Spanish & Gen rtcs.. AG &S WP L 3 Sons Ret Strs 3 e 2 8ouw GAE 5e A ‘37 1 Chain a 1t 12Cont Dism Fibre Brand Ine.... ]Sg“ P&L 6s A 2022 4 Oberry Bur 5 Cooper Bessemer ... d Dredge pfd. ... - 1 Staley Mix &% 42 2 Ghain Store’ Biod. ... 9 Cooper Bessem pfd A HELE i 11 8tand P & L 6 ‘31 3 SpMn, Srore fg0d. .- 1Corroon & R .. 3 15tand Inv 6Texas P & L 165 Chicago Corp. 3 1Corrgon & R pfd . Stand Mot. A !’I‘he".noAd L3 136 Chicago_Corp } Sourtaulds Lid arud Soni & 19 Ulen & Co_6%2n 2 Chi Rwys Ser 2. 2 Crosse & Black pid 4 o 49l % Stand & R 5las ‘32 6 City Radlo Store: 2 Curtiss Aero Exp 3 s rett Corp........ 2 Glun Aluminum. 24 Curtiss Afrport vic! i Stein Cosmetics. .. . 13 Commonwesith & 7 Curtiss Flying Serv. 4 15tend Steel Prop # Commonweal U Co 129 Curtiss-Wright wi # 8tand Steel Spring 1; Comm Tel pt ptd.. .. 17 Gurtiss-Wright A. 22 Stetson J B 2 Gonstruction M P 3 17 Curtiss-Wright 3 Stinnes Hug: & Construct M_Cor pfd 11 Daniel Reeves. 3 18tromb_Carls Tel 33 5 Van Camp Pack 65 ‘88 84'a 2 Consumers Co % S DaveEN !r;cn .3 2 1% Stone & Webster Inc 137% 13 6] West Pow 5lax A 57178 ,3Curtis Lihting. “Dlvennnr 3 : Strauss Roth St Inc 26% 25 2 West Pow 5'2s ¢7d 2 Crane Co pfd e ayton Airplan 18wift Intl . a3 2 Wi Cent 5s '30. 1 "%‘élfir“@"&% 1% Deere & Co. 28wiss Am 2l ptd ” & Dexter Co.. 2o BB o BEY w8, 8 s D58 o PARDDIY ing a $4,000,000 issue of first mortgage | erate: moving rather slow; Kansas and | 6'% per cent sinking fund gold bonds| Missouri, sacked, Irish Cobblers, 1.80a | and $1,500,000 in 7 per cent convert-| 2.10: moetly 1.90a2.00: East Shore ible gold debentures. Both are priced | Virginia. barrel, Irish Cobblers, 4.75; | at 99 and interest. heated, 4.50. ; 3 Sou Cal Ed 8 'S1.. 25 Sou Cal Ed 53 '82.... 16 South Cal G 5s 37 1 South Dairies s '30 ADDITIONAL 1SSUE Intercontinents Power Company 6% Debentures, Series A due 1948 With Class A Common Stock Purchase Warrants attached December 1, 1929, will be at A Commen Steck of the Company f 327.50 per sl until December 31, 1932, snd at 330 he Class A Common Steck is ve Com: B Toss is entitled unt of dividends paid er C ock as a clase but not exceedin; pe then outs! Common Stock. Thereafter the Class A Common Stock and Cl: ommon Stock participate e as classes in vidends in any yes 10 De For R C 3 43 Detrolt. Aircri 15 28 Elec Househoid 1Detroit Alrplane cash 15 3Emp Ser A 5 4 Doehler Die C C..... SEfls ...... 8% 1Douglas Alrcrafi 15 Fabrics’ Finishi { 3 Draper Corp ? Fitzsimmons & ¥ Dubilier C & ¢ Foote Gesr . 5 Duke Pow.. 4 Garaner Den 3Gen Thea . 5G WW&EIAI] 12 Gerlach-Barklow " Co. 164 '3 Gerlac) k1 Co pfd 247 3 Gleaner Com Harv .. 118 14 Gt Lakes Afrcraft A. 202 115 Grigsby-Grunow. . 225%; 21 Ground Grip Sh 21 Her Motor Co 2 Hart Carter pfd . 1 Hormel G A & Co i Houd-Hershey A 1l Huss'n Ligon . a2 Tlis Brick ....... 2 Insul Utl ex war £ Taggert Corp. thousands. POREIGN BONDS, 1 A IR AR 1 Agri Mor Ba 7s '46 32% 3 44 Thermold d 1Buenos Aires 7s '52 S Thasens Prod b " 7 Buenos Atres as . 3 They Brarrets pid 531, 1Burm & Wain 63 '40 98 Lt e B 2 Cauca Valley 7s '48.. 88 2Tishman Realty & C 65 135Cent BG S 6s B 3 Todd Ship. : 11 Com & Pri Bk 5'a: 2Trans Am 2 Cuban Tel 728 ‘A 4111 18 Trans Am $ Ercole M E M 623 '53 9 Transcon 2 Eur M a1 7%s A '30 4 Finland Res M 6s ' 13 Pree St Prus 6s '52 6 Pree St _Prus 6 51 2 Gelsen Min 6s ‘34 13 Ger Cons Mun 6s ‘47 § Hamburg E 512 '38 1 Hanover Cred 8s 1Indt M_B Fin 7s '44 5 Isarco Hyd El 7s 31ial Superpow_6s 6 Jugosi S s, 1 Mor Bk Bog 75 9 Mor Bk Cnile 6 10 Nippon_El 6'as 4 Runr Gas 6153 A i Russ Gov 6'za I 6 Russ G 6%s '19 cfa n 1 Saarbruecken 7s ‘33.: 5 T B 78 1Uni Lt & P'B .00 13 Stinnes H 75 '36 wa. . 20Uni Pow G & W Corp 48% 13 Stinnes: H 7s "36_sid 13% 3 7 Stinnes H 75 46 wi nen-cumul 32 per share pe 4 Durant Mot 10 Duke Pow S 1Duz Co A.. Dated December 1, 1928 Dus December 1. 1948 Tntcrest pavable Tnoe 1 and December 1 in United States Gold Coin at the affices of Stroud & Co, Inc. Philadeiphis. New Vork or Washington, or ar ite offices of E. H. Rolliny & Sone. Boaion. New Vork or Priladelphia Redeemable as & whole or in part on anv inerest ‘date on thicty (30) days’ published notice ar 105% and accrued interest of redeemed prior o December 1, 1932: reducing 1% on Decemner 1. and '/ of 1€, on each Decembver | inereatter. Upon redersotion of deden warrants are detachable. Coupon eventures in denominations of $1,000 and $500 with privilege of registration as to pnncipai. 98 Tri Cont Corp . 9 Tri Cont Corp nfd 3 Triplex Saf Gl Ltd a Tubl Art 8 B. 3Union Am Ini 2Union N G Cai 4 Union Tobacco 60 Ulen & Co wi. Doana 115Uni Corp wars..... 47% 1Uni Carbon pfd 7s... 100% 4Uni Chem pr pfd.. 38 1Uni Drydock : 21Uni L & P cv 341Tnt G Imp rts. 199 Uni Gas Co 28Uni L & P cv pid.. 1 546TNi Lt & P A. & 8h pid. 1 Invest Inc e Provident Trust Company of Philadelphia, Trus aGaw 191 223 The Company agrees lo pay interest withon! deduction for env wermel Federal Income Tex wol exceeding %, which the Comparv or Poyimg Azen's ma: be veguired or peymilied io pev al tne source, and io reimburse the vesident h of these dedeuturec. 1f vequesied within 60 dass eiler poi- meni. for tke personal sreperiv fex woi rx eeding o cach dolicr of I f . Pewnssleanta and Caliiorn'a, towr mills oo : 3 sour and one-ielf mril per annum, and clso Lor ine ixcome ‘ex wot Iron Fireman Mi Kefimason Stove g e 215 Kellogs’ Switeh =" i Kelloge Switcn pid E 1'2 Kendall Radio Tul 12 Pajerdo Sug Co. '3 Lane Drug . 3 3 Pandango Corp iLeath & Co 1 Fedders Miz A i Leath & Co pi o 1% 41%| 15Fsderal Water Alll 491 ’ 8 Liboy MeNelll 12is 13 IFiat stk deb rts.... 6% 8 6 f : 1 Lindsay Light 3 Pl . nf 18 Lincoin Printing - 15 feoln Printing v 3 18 Lincoln Prig pfd 13 Fokker Airp Am 5 Lincoln_Pur._war. 4w 1Poltis Fisrer . . 1 Matks ‘Bros Thes pid 19 1 Fokker ‘Alram 37" F o Merch'a Ml ? 41 Pord Mot Lid...... 17 1 Foremost Dairy Bid 70 2 Foremost Fabrics 242 6 Fageol Mot Co 1 Fairchild_Aviatn o amat L goaey Tntercontinents Power Company, incorporated under the Jaws of the State of Delaware, wa< organized to acquire, operate and participate in the ownership, directly or through subsidiaries, of public util properties in South America and other countries. ‘The Company now owns the entire ouistanding capital stock (except qualifying shares) of S. A. Cia. Sud Americana de Servicios Publicos- (an Argentine corporation) which owns or has under contract eleciric light and power properties located in Argentina. This subsidiary will also own over minety (00) per cent. of the capital stock of the S. A. Luz ¥ S S Flectrica de Tx;cs Arroyos, srrving]; community in the Province of Buenos Aires. In addition, this subsidiary will own two properties located in southern Brazil. 3 Erelent fis ;fi:‘m?:ii’fgfls « aThe Intercontinents Power Company alo owns the entire enistanding caiial stock (except qualifving shares) of o 13 M3 e S. A. Cia. Sud Americana de Servicios Publicos (a Chilean corporation), which owns the electric hight and power property S Lines 00 200i o IIMCRE Ul located in the City of Antofagasta, Chile. o0 00D 100 Atlantic Coast Line Gonn The properties purchased or contracied for to date are either key locations at important railroad junctions or lend 3Uni Stores A 30 Baitimore “Truct Co themselves advantageously to the principles of central station operation. The Company proposcs to continue the acquisition of additional properties after thorough investigation. O i G 2C & P ‘Telephone Bal CAPITALIZATION: {After giving efiect to the present financing) 138 Util Equitle: 2 Io Gt £ &Ll S Contolidated ‘Coar"comn o1 A: 6% Debentures, Series A due 1948 (including this issue). Cumulative Preferred Stock (No Par), issued in Series. . Class A Common Stock (No Par).................. 500,000 shares*** 100,000 shares Class B Common Stock (No Par). .. 4 . 500,000 shares 251,000 shares 3ssULL P L wi. 171 Eastern Rolling Mills com 10 Vicks Fin Corp. 5 Flaelity & Guaranty Fi * Limited by restrictive conditions of the Indenture but mot te say specific ameunt. ** First Series, $7 Dividerd. *** Of which 355,000 whares are reserved for exercise of warrants. spasessuzen ™ CEEE] wa Minn-Honevwell 91 81 10 Prank (HH) Mt 02 8% 5 [P 1L PR 0 < cadaaa Minn M Pow... 4 E Mise Kan Pipe Lins T A Modine MIg . ..... 7 148 P A Monsanto Chem 2 8§ Morgan Litho : 2Gen 13% 20 Muncie Gear A. 3 2 1Gen I s ench Line B..... 4313 1 21 Muncie Gear B. 58 Gen . . 2 1 2 t 312 To be presently outstanding 57,500,000 30,000 shares*® 2 Nashman Spre 3 Gen 2 Nat Battery pfd 81 26 Gen 9 Nat Elec Pow A. 2% G 1t 300 L e iNat Leather 274 % 90 Gen Resl & UUI C 38Gen Thea Ea vtc... 1Gerrard Co wi..... 2 Gleaner Comb Har. 2Glen Alden Coal .. 12 21 Globe _Underwr . 50 Gold_ Seal_Elec 1 1 Goldberg Stores .... 17 20nterio Mfx.. 0 473 Goldman _Sachs 0.1 113 1 Qshkosh Overalis c pfd. . 50 5 | 116% 116% 1 Gehkosh Over pfd 2 1 Pac Public Serv. Z & 4005 400 ™ 4 § Parker Pen Co. 1 Parmelee Tr.. 3Penn Gas & 11> Peoples L & P A 3 Pines Winterfr n 3 Polymet Mfx. Authorized - Pks. 86 Fidelity & Depe et 14.; flcuu?n Pll pld o . 474 Maryiand Casualty C'; o 5 Merchaunis & Miners Tran: 108 New ~Amsterdam Gas 20 Union Trust Co . T5W B & A Rallway com,...... 2 Nat Standard. . 2 Nat Term pt fll & Noplitte Sparks. 3 North Am Ger.. .. , 1'2 No West Ot pid.. Wi 2 Oi1-0-Matic West Auto Sup A. & Western Air Exp. 3 Wextark Radio Sior 1 Whi Sew M deb rts. 4 Widlar Food Prod. SECURITY: The 69 Debentures are the direct obligation of the Company and are ite oniv present nutstanding funded debt. The S. A. Cia. Sud Americana de Servicios Publicos (Argentine), as well as the Chilean subsidiary of similar name, Has no securities outstanding in the hands of the public and their entire issued common capital stocks (except qualifving shares) are pledged with the Trustee. ‘The cost of the properties owned and under contract fogether with working capital and cach 1o he available after present financing for the purchase of additional properties and/or other capital expendituces, is in excess of $12,800,000. 1000 United Railways & Flectric_ 1nb 4s ed Railways & Llectr) 0000 United Rlllw!’yl & Elec ';lne 43 runow n 48 Grigsby Gru 1000 W B & A Rallway Is. 35 dreds. 4 Grigsby Grunow. $ Ground Grip Snoe. . 43 y S oy 2 Ground Grip Sho pid 38% e e e 28 Poor & Co B.... 4 Guardian Invest. 8% 10 Cresson Con Gold 1, Pub Bery $100 com. = 4 1 Dolores Esper 3Pub Serv no par... 338 35 L 3 3 Eng Goid M 1 10 Q R S Music De Vry 4 1 e 13 Falcon Lead Min viheon IR . 8 Gelden el 12 Ruda iy 0 3 8 Hiram Walk G&W 15 Rverson J T Son Inc 45 Y 1 Huylers Strs of Del 3 Sally Frocks Tnc 3 1 Huylers cum pfd angemo ~Eiec 10 Hygrade 3 8o Colo Pow 2Insur Co N A. 61 Sonatron Tube 7 Insur Secur. > Southwest G&E pfd 11 Insull Utility Inc. 32 Stand Dredging Co. . 23 Insur Shares 16 Stand Dredg Co pfd - 60 Inl Project n. 10 Steinite C Radio ... 24% 23 45 Intl_Superpo; 7 Sterkline Fur pfd %o 1Intern OHL A, 27 Studebaker Mail A 25 1, Intern ULl pid 1Super Mald Corp... 62 @ 8 3 Intern Util B. 18wift & Go. 4 Intern U 12 Swift Intl . 2 3 1 Inters 1> Thompson J ' R. 2 480 9 Investors 4 Time-O-Stat_A ... 3 34 Irving Alr 1 Twelfth St St pfd 31 11 Ital Buperpow A. it 11tal Superp deb 2 Johnson Motor 1 Kermath . 6 Keystone Aircraft. 22 Kleinert 2 Kru Mndus Gors e 41" 7 L Bhiper nd A % B Psan 3 3 Lakey Found & M. . 1 4 Lane ,I{ll\l. % Viking Pump pfd 2Leh Coal & Ja Wahl 19, 844 Leon_Tietz Inc ¥3 Warcl 28 . 1Ley Pred T. 2 Warchel Corp pfd . 1 Wayne Pump . : 3ot ards FEDERAL LAND BANK BONDS. | NEW YORKXK, July 24 (Special).— Bid. Asked. Land Bank 4%s Noy 1958-38 r) Land Bank 45 May 38 81 Land Bank 43 Nov 1987-31 Land Bank 4%s Jan 19§ Land Bank 4%: Land Bank 4%s July 195 Land Bank 4% EARNINGS: The combined earnings of the properiies now oewned or under contract of purchase hv the subsidiarier of Tntercontinents Power Company, for the tweive months anding February 28, 1029, as prepared by Messrs. Price, Waterhouse, Faller & Co., Buenos Aires, adinsted to include interest at the raic of 6% on $1,500,000 cash 1o he available after present financing and to deduct provision for depreciation in accordance with the terms of the Indenture, . are as follows: 3 Gross earnings, including other income. .. . FREE Ay : Operating expenses, including maintenance, taxes, provision for depreciation and for Tres Arroyos minority interest. $2,246,172 San EES 1,199,481 7 Niplssing — 43 Norands o S1086 45t Bl Fand Benk 4028 3 £ 7 13330838 Land Bank 4%s Jan 1956-36.... Land Bank 4%s J & J 19530533 Land Bank 4%s Jan 19540p34. Land Bank 4%s July 19540p34 Land Bank 55 Nov 1941op3! Land Bank &s May 19410p3! GERMAN BONDS AND STOCKS. NEW YORK, July 24 (Special) — 4 mLx Asked g Net_earnings .. Annual interest requirement on 6% . auRen Bfou! ELi 2WReE8E8E8883: Balance available for income tazes. dividends, etc....... spesnssvoveesiion Annual interest requirement on these Debentures, as shown above, earned 2.32 times. Over 977 of gross operating revenues are derived from electric light and power business. 355! - ss38sEeessrey FEEORSSE (53 After giving effect to recent acquisitions, the adjusted gross earnings have increased from $1.149.972 for the year ending September 30, 1928, to $2,246,172 as shown above, and the corresponding net earnings from $371,272 to $1,046,601. Further contracts have been entered into for additional properties which will use all or a major portion of the $1,500,000 A aforesaid and should result in an increase of the above net earnings. RS ot per miiion Hamburg 4%as 19, 3 MANAGEMENT: The development and operation of Intercontinents Power Company and its subsidiaries are under the management of Gannett, Seelve & Fleming, Inc., public utilitv engineers and operators, who, with Westinghouse Electric International Company and the bankers have made a substantial investment in the Class B Common Stock of the Company. AlL leal matters in connection with thi issue will Ve passed wpon by Messys. Townsend. Elliol & Minson. Philadelphic, end Messrs, Horm. Mower, Miller & Gervison, New Vork, for the Benkers and by Messrs. Raule & Handerson, Philedelphia, ior ke Compans. Al guestior: pertaining 10 South Americaw Law will be passed upon. by Messrs. Cdve, Roche & de ls Vega, Buenos Aives, Avgewiine, exd by Messrs. Ward & Dristo Valperniso, Chile. Monies of the vespective countries hare beew comverisd snio Uimited Sisies curvemcy om (ks besis of par of exchange. % These Debentures are ofered, whew, a3 and if sssued and received by ws end subject (o apprecel of counsel. Permenmeni Debintures will ba recdy for immediats delivery. I LR St W Do aBmensa ] o WO WA R S BeaB s i North German Lloyd 4)2s. Krupp 8s 1921... Dusseldorf 4s pre-wa Tenich 4s “pre-wa «&hobed & £t S = 55 Bamndt o saSgngn e BonraraBrcof 52 ) :!i-’-: (IRRTs =55 s 1 Lt. fana Land & Bi 3333833333388 Buwdand S 5555 Price 96 and accrued interest, to yield 6.359, W e us *. 3. i naBan! (S P 2588 ! aaa B ‘The in‘ormation contained in this advertisement bas been obtained from meurces which we consider reliable. While not guars By us as sccurate. Stroud, Kurtz & Co., Inc. ' besn accepted E. H. Rollins & Sons asumRne, 304! . BB ot =3 & Land n. 14% o R Balenin BONDS. ousands. 2Chi City & C R 65 '27 ¢ i Rys 1st 85 '37 ... 88 °37 cfs oBas: X3 5 ERESEER SRR SSRNIRSESINS S E } Sk 4 " ¥ OFOwOHa> > Q" 542853! 383383 Bis333LY! P = wEuasBa! A 1013, 101% *$T101% 10144 . 97% 9T B2 mome! China sent more than o 1% 1% 1% worth of linen embroideries @ 1w 1 diw country lastyear. | T m sf-‘» 3 I'ee sk