Evening Star Newspaper, August 2, 1929, Page 14

14 ¥%% SUMMER TRADING ON THANGE A Dealings on Local Stock Market Far Above Last Year’s Volume. BY EDWARD C. STONE. Trading on the Washington Stock Exchange <o far this Summer has been exceptionally heavy, about double what it was during the corresponding period & year ago. The advance in sccurities transac- tions has brought the total turnover in local jssues for the first v mont of 19 a f pleasing bers of change. pilal Traction been the mo to mem- the Most of the t actions have been in small I but the total turnover up to the.end of last weck amounted to 4923 shares. Next in this group has been Wash- ington Railway & Electric preferred, sales reaching 2,705 shares. Almost as active, Potomac Electric Power 513 per cent preferred has figured in a turn- | over of 2608 shares. trading in this stock being followed closely by Wash- ington Gas Light stock, with 2,507 shares changing hands. In the bank stock list Riges National shares have been the leaders, 1,113 | res having changed hands thi: ar. And it happens that Riggs is also the -priced bank stock on the board. Nexi in order has been American Se- curity & Trusk with a turnover of 357 shares, and Federal-American, with sales totaling 339 shar The Bank of Bethesda comes fourth, with 339 shares In the miscellaneous list Mergenthales has been pretty livel 197 shares hav- ing changed hands. Federal-American Co. common has recorded a turnover of 1.177 sharcs. Lanston Monotype has also been active, and there has been a lot of trading in Merchants' Transfer & Storage, common and preferred. Peo- ple's Drug Stores preferred has appear- ed on the board frequently at advanc- ing prices. In the low-priced issues ational Mortgage & Investment pre- ferred has led the market with a turn- over of nearly 12,000 shares, while 8,563 shares of Real Estate Mortgage & Guar- antee preferred have changed hands. The most active bonds have been ‘Washington Railway & Electric consol- jdated 4s in a $214,000 turnover, a $197.500 turnover in Capital Traction | fi 's of $154,600 in Washing- to s, Series A, 6s. and sales of $147.700 in Washington Gas B bonds. Potomac Electric Power 5s and Wash- | ington Gas 5s also have been in excel- | lent demand. i John Poole. Cheer for Automobile Shareholders. “The automobile stocks have been | laggards in the market. Not many| months ago,” says the Wall Street | Journal, “they were the star perform- | ers. There has been a lot of selling of automobile issues on the ground that | there will be a falling off in produc- | tion in the last half of the yvear. There is_truth in this. A substantial falling off in output and sales is looked for, | because there is alw a shrinkage in the last half of every year. | ‘The concensus that if general prosperity continuess 1930 will be a big year for the automobile industry, with Pprospects of a new high record in out- put. If this forecast is correct, the auto- mobile shares will begin to discount the | event many months in advance. | “There are more automobiles in ac- tual use in the world today than ever | before. and new high records in regis- | trations mean increased sales. Nine | persons out of ten who buy a car will} turn it in for a_new one before it is| five years old. A big source of outlet | for the automobile industry will be sales | to foreign countrics. The markets of Europe, South America, Africa. China, Japan and other foreign countries have barely been scratched.” Gleanings in Financial District. John Poole, president of the Federal- American National Bank, is taking his | vacation. Mr. Poole is remaining in | and around Washington. In spite of | the heat, he has made some excellent ; golf scores. ¥ George O. Vass, vice president of the | Riggs National Bank, is back at his desk after a month's vacation spent largely in the atmosphere of the National Capi- tal and Chesapeake Bay. Frank J. Thiel. manager of the Wash- ington office of M. J. Meehan & Co., has returned from a motor trip to Yorktown, Williamsburg, Jamestown and Rich-| Farl M. Amick, assistant cashier of | the Riggs National Bark, has returned | from a three-week motor trip to Canada and Northern New York State. E. R. Finckenstaed of G. M. P. Mur- phy & Co., who is on a six-week tour ©of Europe, is expected back shortly. Potomac Power Issue Strong. | | Potomac Electric Power 5!, per cent preferred stock led interest in today’s trading on the local stock exchange. TIt| reached 110 for the first time this year. | The stock opened at 10915 and the day’s sales amounted to 37 shares. Riggs National Bank stock sold today to the extent of 25 shares at 578. The only other bank stocks out were Mer- chants’ Bank & Trust, which registered | 15015, and Federal-American National, | which moved at 332. Capital Traction sold at 94, Mergen- thaler at 1047, Chevy Chase Dairy pre- ferred at 107, Federal-American Co. common at 447 and the preferred at 10015, Bonds were neglected, trading being confined to Gas and Potomac Electric Power issues at recent price levels. The off. unlisted securities were called The only notable change was an advance in the asked price for Interna- ' tional Bank stock from 80 to 100. Seaboard Time Extended. ‘With more than 70 per cent of Sea- board Air Lines Railway Co. adjust- ment bonds deposited under the re- capitalization plan, the company and the adjustment bondholders’ commit- tee announced today that the period for deposit of bonds had been extend- ed to August 16. Deposits of adjustment bonds under the plan at the close of business, July 31, marking the end of the first ex- tension, plus additional bonds since of- fered for deposit, aggregate $17,602,000, which is in excess of 70 per cent of the total of $25,000,000 of these bonds out- standing. Childs Votes Dividend. Directors of Childs Co. have declared the regular quarterly dividend of 60 cents a share on the no par value com- mon stock and 1% per cent on the pre- ferred stock. both dividends being pay- able September 10, 1929, to stockholders of record August 23. Clark, Childs & Co., members of the New York, Boston and Chicago Stock Exchanges, with offices in New York, Boston, Albany, Detroit, New Bedford, Syracuse and Washington, announce the opening of branch office in Provi- dence, R. L. COPPER PRICES RISE. NEW YORK, August 2 (#).—Sales of copper have increased in volume suf- ficiently in ths domestic and foreign felds, it was regorted in Wall Street today, so that after more than three months large American producers are again in the market and have begun receiving orders. .Foreign sales are good with Thursday’s total 6,250,000 pounds. More than 2,000,000 poun were sold this morning, ~Prev, 1920~ High. FINANCIAL. Stock ana Low. Dividend Rate. 547 384 ADbIitibi Power & Pap 88%W 79 ADItibl P& P pf(6). Adams Express (6) Advance Rumley. Sales— Add 00. High, 16 51% 40% Advance Rumley pf. 1% Ahumada Lead... 954 Alr Reduction (3) 87% Air Wal El Ap(2%) 4'; Ajax Rubber. 415 Alaska Juneau. 12 Albany P W Pap 275 Allexheny Corp. M 100% Alleghny pf rets 5%. 4 241 8214 Alleghny old ex war. Allted Ch & Dye (6). 120% Alliéd C& D pf (7)., 4 166 - Allls-Chalm Mf (7). 2214 Amerada Corp (2) 104 Am Agricul Chem... 40% Am Agricui Chpf... 110 Am Bank Note (13). 40% Am Bosch Magneto. . 45 Am Brake Shoe 2.40. 4 F15% Am Brown Bov Elec. 4492 107% Am Can (t4)..... Am Car & Fdy (6) 46% Am Chicle (2). 43'3 Am Com Alc (k1. 82% Am European Sec 75% Am& For Power 104 Am'& For Pw pf 88 Am & For Pw 2d pf.. 2414 Am Hawalian (1)... 64 Am Home Prd (3.60) 38 AmlIce (13).. 5215 Am Internat (12). 1023% Am Locomotive (8). 1 Am Loco pf (7). 1 Am Mch & Fdy (4 50 Am Metal (3)... 113% Am Metal pf (6) 4 81% Am Pow & Lt (1) 98% Am Pow & Lt pf (6). 70 AmP&LpfA (3) 40% Am Rad&Std S(1 40% Am Republics. “ 106% Am Roll Mill (e: 2 170 2 30 19 207% 6% Am Safety Raz (15). 3% Am Ship & Com. 9313 Am Sm & Ref (4). Am Steel Fdy (3). Am Stores Am Sugar R(g (5) Am Sumatra (3) 931 Am Tel & Tel (9). 160 Am Tobacco (8) 160% Am Tobacco B (8) 115 Am Tobacco pf (6).. 87% Am Water WKs (c1). 161x Am Woolen. .. 1y Am Woolen pf Am Zinc Ld&Sm Anaconda Copr (7). 2%, Anaconda W&C (3). 43 Anchor Cap (2.40) 44% Andes Copper (3)... 29 Archer-Dan-M (2 8 Armour Del pt (7) 15 Armour 111 (A). % Art Metal (1%5). 49% Asso Appl Ind (4) 43 Atch T&SF pf (5)... 1 Atl Coast Line (110). 3214 AtIG & W Indies. ... 45% At1G& W Lt (4).. 53'a Atl Refining (11%). 10% Atlas Tack 2 Auburn Auto ( Austin Nichols pf. 214 Autosales....... 36% Autosales pf (3) 465 1 15 119 70 e 210 Baldwin Loco (7)... 115% Balto & Ohio (6).... 123' Balto & Ohio full pd. 6413 Bang & Aroos (3%).. 36y Barnsdall (12%).... 86 Bayuk Cigar (2) 20 Beacon Ofl.......... Reatrice Cream (4) .. Beech-Nut Pack (3) Belding-Heminway.. Bendix Aviation (2). % Best & Co (3). 'x Bethlehem Stee Bethlehem St pf (7). 782 Bon Aml A (15)..... 110' Bohn Alum&Br(t4). 83's Borden Co (3).. 107 Borg Warner (§4). 30% Brizgs Mfz.. 36 Briggs&Stratton 115% Bristol Myers(t414). 40' Brockway M T (3) £9'% Bklyn-Manhat (4) Bklyn Union Gas (5) 3814 Brown Shoe (214) 'y Bruns-Balk-Col(3 ' Bucyrus Erie (1). 38% Bucyruscy pf (2 54% Buff & Susque 413 Butte Copper 28 Butterick Co.. 122% Byers (A M 31 By-Prod Col 73 11 8 7214 Calif Packing (4)... 1! Caliahan Zinc & L... 123 Calumet & Ariz (10). 36% Calumet & Hecla(4). 4414 Campbell Wyant (2). 78 218 Canada Dry Canadian Pac (10) ' Cannon Mills (2.80. Cese (J 1) ctfs (6) Celotex (3)... Cent Azuirre (2 52 30 883, Cerro de Pasco (6).. 16'3 Certain-teed Prod. .. 5 Ches & Ohio (10).... Chesapeake Corp (3) 415 Chi & Alton. - 616 Chl & Alton pf. 12% Chi Great Western 38 ChiGreat Westn pf.. 27% Chi Mil St P&Pac. .. 46's Chi Mil St P&Pac pt. 80% Chi&N W (4). ... 134 Chi& N W pf (7). 28 Chi Pneu Tool. . 48t Chi Pneu T pf (3 Chi R 1& Pac (7). 105% Chi R1& Pac pf (7). 36 Chickasha COil (3). 4474 Childs Co (2.40)..... 66 Chrysler Corp (3)... 49 City Ice & F (3.60).. 19'% City Stores (1).. 421x Cluett Peabody (5).. 46! Coca Cola A (3). 46 Collins & Aikman. 56 Colo Fuel & lron 5315 Columb G &5 (2)... 103% Colum G&E pf A(6). 55% Col Graph (20c)..... 61 Col Graph F P (20¢). 121% Columb Carbon 14%. 43 Com Credit (2). 50 Comm Credit A. 131% Com Inv Trust « 271 Com Inv Trst war. .. 225% Com Solvents (h8). . 107% Comnwealth Pwr t4. 59% Conde Nast Pub (2).. 19% Congolcum-Nairn. .. 67 Cong Cigars (15%). 15 Conley Tinfoil sta 60 Consol Cigar (7).... 25 Consol Film In pf(2) 9514 Consol Gas (3). 965 Consol Gas pf (5) 215 Consol Textile. . Container Corp A. 6 Container Corp B. 47% Contl Baking A. 814 Contl Baking B, 8815 Contl Baking pf 58 Cont'l Bank of N. 60 Contl Can (2%) 79 Contl [nsurance (2). 13% Contl Motors (80c). 297 Contl Oil of Del. . 82 Corn Prod (13%).... 51 Coty Inc (g2).. 83 Crosley Radio (11) 42'% Crown Cork & Seal. . 1813 Crown Zellerbach (1) 85 Crucible Steel (5)... 1% Cuba Cane Sugar.. 5% Cuba Cane Sugar pf. 113 Cuba Co....... 11 Cuban-Amer Sugar. . 1317 Curtis Publishing (6) 135% Curtiss Aero (1). 581 Cutler-Ham (3%) 63 Cuyamel Fruit. 42% Davison Chem. 3314 Debenhams (al.59).. 182 Delaware & Hud (9). 120% Del Lack & W (17).. 55% Denv& RG W pf.... 224 Detroit Edison (8).. 43% Devne & Ray A (13). 8% Dome Mines (1) 105 Drug Corpn (4) 47% Dunhill Inter (1 20% Duplan Silk (1).. 92 Duplan Silk pf (8).. 155% Du Pont de N(t43). 113 Dupontd N deb (6).. —_— 6 250 206 4014 Cent Alloy Steel (2). 2 11 1 2 57 19 16 6 . 54 106 24 4 18 1 95% 112 194% 1114 168 Eastman Kod (18).. 56 Eaton Axle &S (3).. 16 194 17 61% Prev. . Close. Close. 51 50% 86 87 620 621% 34 .34 50 1% 175 40% 47 61 1814 50 112 8314 318 122 s 275 277% 274 28 12% 12% 48 47y 141 141 A 61 62 57% 5T4% 31 314% 4 16715 164% 101 100% 65 1% 171 404 4% 2 % 18072 182 ' 6613 120 4 4 1521 150% 100 997 3% T34 4814 48% 101 9 19715 3 64 BTin 67 100% 100% 19615 19 5'% 1181 1164 34 Y 819 1% 1341 1 441 424 44 a4 90t 893, 227% 1059 1057 36 37 0 235 65 20 .19% 104% 104% 2 ¢ 158! 156% 97 97 96% 96'% 52% 51% 20% 95% 190 114 114 113 193% 193% 193 61% 6l%e ®1% --Prev. 1929~ High, Low 174 183 2215 13 841 10714 35% Stoc” and Dividend Rate. Elec Auto Lite (6) Electric Boat. .. Emmerson-Brnt A Emerson-Brnt B. ., El Pwr &Lt (1). 126% 10% 5 4 43% Elec Stor Bat (5).... Endicott-John (5)... Eng Pub Serve (11). Fng Pub Sve pf (5).. Eng Pub Sve pf (5% ) uitable BIAg(23%). Erie R R. Erie R R 1st pf (4) Eureka Vac Cl (4)... Evans Auto L($23). Fairbanks Morse (3) Fed Motor Tr (80c).. Fid Phen F Ins (2).. Filene’s Sons. . First Nat Stores 1%. Fisk Rubber.... . Flelschmann (13%). 4 Fleischmann ctf: Florsheim Sho Follansbee (123 Foundation Co. Fox Film A (4). Freeport-Texas ( Fuller pr pt (18.68 Gabriel Snub A Gamewell Co (5) Gardner Motor. 5 Gen Am Tnk Car(34) Gen Asphalt. 4 Gen Bronze (2) Gen Cable A (4). Gen Cigar (4)... Gen Llectric (16). Gen Elec spec (60c % Gen'l Food Corpn (3) Gen Gas&El A (el1;) Gen Mills (3)....... Gen Motors (13.30)..! Gen Motors pf (7). .. Gen Outd Adv A (4). 4 Gen Outd Ad vte (2). Gen Public Serv(b§) « 1B El Pwr & Lt pf (7)., Bales— Add 00. High. 89 162% 2 203 25 405 10 3 235 13 7 50 3 B51% 2 43 3 14% 7 1081y 2 7 155 7% 8 36 18 947 14 389 Gen Ry Signal (5)... 2 Gen Refrac (13%). . Gillette Safety R (5) 3 Gimbel Brothers. . Glidden Co (t1%) Gobel (Adolf). Gold Dust (214). Goodrich BF (4). Goodrich pf (7)..... Gondyear Tire (5) Goodyear 1st pf (7). Gotham Silk H (2%4) Gould Coupler. Graham-Paigi Graham-Paige et Granby Grand Grand U & Grand Union pf (3).. Granite City Stl (3). Grant WT (1), ... Grt North pf (5)..... Grt North pfet (5).. Grt Nor Ore (a1%).. Grt West Sug (2.80). Greene Can Cop (8).. 2 Guantanamo Sugar.. Gulf Mo & } i Hahn Dept Stores. .. Hahn Dept S pf(6%4) Hartman A (2)...... Hartman B (1.20)... Hayes Bdy (b8 % stk) Helme (G W) (17) Hershey Chocolate. Hershey Choe pf (4). Holland Furn (e2%). 2 Hollander & Son..... Houd Hersh B (1%). Househd Fin pf (3). Household Prd (14 Houston Oil. Howe Sound (1435) .. Hudson & Man (233). Hudson Motor (5). . Hupp Motor (f2) . 1 Tllinots Central (7)., Independ Ofl & G (2) Indian Motor Cycle.. Indian Refining. . Indian Refining et... Industrial Rayon.... Ingersol Rand (5%). Inland Steel (3%)... Inspiration (4). . Interboro Rap Tran.. Intercontinental Rub Intl Agricultural.... Intl Business M (5). Int] Cement (4). Intl Comb Eng (2) Intl Harvester (234). Intl Harv pt (7)..... Int Hydro El A (e2). Intl Match pt (3.20). Intl Nickel Can (80¢c) Intl Paper pf (7).... Intl Pap & P A(2.40). Intl Pap & Pwr B.... Intl Pap & Pwr C.... Intl Pap & Pwr pf(7) Intl Silver (18) Intl Tel & Teleg (2 Intertype (f11%). Island Creek Coal( 132'3 30 Jewel Tea new (3).. Johns-Manville (3).. Jordan Motor Car. Kan City Sou (5). Kan City Sou pf (4 Kaufmann DS (13%) Kayvser J & Co (5). Keith-Albee-O pf (7) Kelly-Spring Tire Kelsey Hayes (2). Kelvinator Corp. Kennecott (5). Kimberly Clrk(2%) Kinney (G R) (1)... Kolster Radio. .. Kraft PhCh (1%)... Kralt Ph Ch pf (6%) Kresge S S (1.60).... Kreuger & Tol(1.34) . Kroger Gr&Bak(c1) 714 Lambert Co (8). Leo Rubber & Tire Leh Port Cem (2% g Lehigh Valley (3%) Lehigh Valley Coal Lehn & Fink (3) Liggett & My (15 Link Belt (2.40). . Liq Carbonie (14%). $ LoftInC..cecuccvnne Long Bell Lumb A... Loose-Wiles (2.60).. Lorillard (P) Co.... + Loulsiana Oil... . LouG & EIA (1%).. Louis & Nash (7). Ludlum Steel (2). MecCall Corp (4) McCrory B (2) McGraw-Hill (2). MeKeesport T P (4) . McKesson & Rob (2) McKes & Rb pf(3%). Mack Trucks (6).... Macy (RH)&Co(ct3) Madison Sq G (1%).. Magma Copper (5).. Mallinson & Co. Man Elec Supply . Man Elev mod (d5). Maracaibo Oil Exp. 4 Marlin-Rockw (4). Marmon Motor (4). Mathieson Alk (e2) Maytag Co pf « Maytag Co 1st pf(6). Melville Shoe (1.40). Mengel Co.. . Metro Gold pf (1.89). Mexican Seaboard Miami Coprer (4)... Michigan Sti (23%4). . Mid-Continent P (2). Middle States Oil.... Middle States Ofl ct.. Midland Stl pf t10%. Miller Rubber. . Minn Moline Pwr. Minn Moline pf 6%.. Minn & St Louls, MStP&SSM... Mo Kan & Texa . Mo Kan & Tex pf(7). Missouri Pacific. .... Missouri Pac pf (5).. Mohawk Carpet 2% Mont Ward (2%)... 314_Moon Motors. 72% Moryell J (3.60) 2415 24, 337 100 1044 105'y 5 147 43 31% 89 114 63 38 B50% 1 781 80 1 10 16 3 59 3 288% 9 3 Mother Lode (40¢). 40% 87 1431 1% 1% 8 % A%, Ale 80 80% 106% 105% B6Y, 314 T6% 3 peas, hamper, 1.50a1.75; squash, ham ~Prev. 1929 High. Low. 12% 14 26 Stock and Sal Motion Picture Moto Meter A ct. Motor Meter G & E Motor Products (17). Motor Wheel (2).... Munsingwear (t3%) Murray Corp (a3). Nash Motors (8§, Nat Acme (1%). Natl Air Trans.... Natl Bella Hess($1). Natl Biscuit (16%).. Natl Radiator....... Natl Radlator pf. Natl Supply (18) Natl Tea (1%).. Nevada Copper (3. Newport Co A (3). Newton Steel (3).... 4 N Y Air Brake (3)... N Y Central (8) NYChi&StL (6 B 22! NH&Hpt (7)., NYOnt& West..... Norfolk&Wstn(t10). 11 % North Am(b10%stk) 304 North Ampf (3)..... 6 North Am Ed pf (6).. 1 Northern Fac (5) 35 North Pac ct (5). Norwalk Tire & Rb 9 9 7 011 Well Supply. Oliver Farm Equip. Olivr Fr Eq pf A(6). 4 Olivr Fr Ep cv pt(3). Omnibus Corp. ...... Otis Elevator (6).... Otis Steel........... Otis Steel pr pf (7).+ 4 Pacific Gas & E (2) Tacific Lighting (3 Packard Motor (15 Pan-Am Petroleum Pan-Am Pete B Panhandle P & R.... Paramount-F-L (3).. Park Utah (80c). Pathe Exchange. Patne Exchange A. .. Patino Mines (3.89).. Peerless Motor Car.. TPenick & Ford....... Tenn Coal & Coke. ... Penn Dixie Cement. . Pennsylvania RR(4) People’s Gas Chi (8). Pere Marquette (18). Pet Milk (1%). Phelps Dodge (3) w2 Phila & Read Philip Morris (1) Phillips-Jones (3). Phillips Pete (1%).. Pierce-Arrow A..... Pierce Arrow pf (6). Pierce Oil. . . Pierce Oil pf. . Pierce Petroleum. .., Pilisbury Flour (2).. Pirelli Co A (288)... Poor & Co (F2)...... P Rican Am To (A)7 Postal Tel & C pf(7). Prairie Oil & Gas. ... Prairie Pipe L (14).. Pressed Steel Car. o Sa * ¥ rezRnmARareme~RasRuhneianee~S Pub Sve NJ pf (6)... Pub Sve NJ pf €7)... Pub Sve B&G pl(6).. Pullman Corp (4).... Punta Alezre Sugar. Pure Ol (1%). Purity Bakeries (3 Radio Corp..... Radio pf A (313) Radto pt B (5). Radio-Keith-Or) Railway & Exp (2) Reading (4)... Real Silk Hoslery. Reis (R) & Co. Remington-Rand Reming-Rnd 1st (7). Reo Motors (11.60).. Rep Hrass Corp. 1 Rep Iron & Stl (4)... 103 Reynolds Spring. . Reynolds Tb B(2.40). Rhine West (1.92)... Richfield 011 (2)..... Rio Grande il (k2). Ritter Dental (234).. Rossia Ins (2.20). ... Royal Bak Pwdr(1).. Royal Dutch(al.336) Safeway Stores (3).. St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pf (6) St L Southwestern 4 Savage Arms (2) Schulte Retail Strs.. Scott Paper (31.40).. Seaboard Afr Lin Seagrave (e1.20).... Sears Roebek (323%). Seneca Copper Servel Inc. Sharon Stee! Shattuck F G (2) Shell Union (1.40 Shubert Theater (5). 5 SImmons Co (3)..... 4 Stmms Pet (1.60). Sinclatroil (12%)... Skelly Oil (2)... Sloss ShefTield steel.. Sloss-Sheffield pf (7) So Porto R Sug 12%. Southern Cal Ed (2). Southern Dairies B.. Southern Pacific (6). Southern Rwy (8)... Southern Ry pf(5) ... Spalding A G (1.60) Spang-Chalfant. les— Dividerd Rate. Add 00. High. 14 51 ~Prev. 1920~ High. Low. b7% Sparks Sweets Tex Gul Thatch Tide W. Tobace United Utd Ga: U S Rul USSm Vanadi Walwo! 1403 8914 534 T8y 38% Wester. Wester: Wester! Wilcox Wilcox Wilcox Wilson Wilson Yale & Yellow Young Young Zenith Col Ga 1 B 10:30 A.M 1:30 P.M. Dividend rates cash payments based iaration. 4% in stock. a Paid this 3 in_stock d Payabl £Plus 10% in stock. 1 Plus 8% In stock. Stock and Dividend Rate. Spencer Kelg(1.60).. Splcer Mfg......... Spicer Mfg pf (3)... Splegel-Mav-St (3) Telautograph (1) Tenn Cop & Ch (1). Texas Corp (3). Texas & Pac (5). Texas P C & Oil (b5). Texas Pac Land Tr Tide Wi Timken Det Ax(80¢). Timken Roller (3)... iv Leaf Tob (3)... 3 Univ Pipe & Rad. .8 Util Pwr & Lt A (e2) 364 Wilson & Co sURNIt of trading less than 100 shares. 4Partly extra. §Plus $3 1 g 2 r—n FINANC Sales— Add 00. High. 18 61'% 22 43% 16 51% 46% 9% 17% Withgtn (n). Stand OIIN J (12). Stand Oil N Y (1.60). Stand Plate Glass Sterling Sec (A).... Sterling Sec pf 11.20, Stewart Warnr(3%) Stone & Webster, Studebaker (15)... Submarine Boat 72% 174% 78% 1% 2% 7 soop 840 of Amer (1).. 3 13% 6 204% 175 617 2% 170 1f Sul (4). er Mfg. Third Avenue at Asso pf(6) ater O11 pf(5) 0 Pr (1.40)... Tob Prod ctfs(1.40). Tobacco Pr A (1.40). Tob Prod div cfs Tobacco Pr B ct ‘Tobacco Pr Cet Transcontinental, ‘Trico Prod (2%). Underw-El-Fish(4) Union Bag & Paper. . Unlon Carbide(2.60). 167 Union Oil Calit (2) Union Pacific (10). Union Pacific pf (4) Utd Afrcraft&Trans Utd Afrcraft&T pf Utd Biscult (1.60) Carbon. Utd Cigar Store Utd Corporatfon. Utd Corp pf (3) Utd Electric Coal(3) Utd Fruit (c4)... s & Imp (1).. Paperboard. 5 Cst 1P etfs(2) U S Distributing. 4 U S Distrib pf (7). 2 press. .. Foreign Secur. U S FornSec nf (7). U S Hoffman (4). U S Ind Alco (6). U'S Leather. U S Leather U S Realty (5). U S Rubber. . bber 1st pf. elt Ref (3%3). % US Smelt Ref pf 3% V—— Vadsco Sales. ... Vadsco Sales pf (7) um (14). Vick Chemical (4). Virginia-Car Chem. . Virginia-Car 6% pf.. rth (1.20). ‘Ward Baking B Warner Bros Fie (n) Warner-Quinlan (2). Warren Bros (15). 3 4 Warren Fdry & Pipe. 1 Webster-Eisenlohr.. 2 Wess Oil & Snow(2). Wess O & Sn pf (4) Westn Dairy A (4) Westn Dairy (B) 10 10 n Maryland. Western Pacific n Pacif p 'n Union (8) Westngh Air Brk(2). Westngh EI&M (4).. Westvaco Chlor (2). W eston El Instru.... White Eagle Oil (2 White Motor (1). White Rock M S (3). White Sewing Mach. Oil & Gas. Rich(A)2%.. Rich(B)c: Willys-Over (c1.20). Willys-Over pf & Co & Co pt. Woolworth Co. Worthington Pump. . Worthington A.. Worthington B... Wright Aero (2). Towne (4). Truck & C. Sp&W (12 Sheet & T Radio. RIGHTS E S&EL..Aug 15 118 Mont Ward..Aug 26 353 Stand Gasrts Aug.31 Transcont Oil rts.... 166 Utd Corp.....Aug 15 Sales of Stocks on New York Exchange. 1 4 8 542,000 12.00 Noon... 2.864.200 2:10 P.M...... 85 given in the above tabie are the annual on the latest quarterly or hsif searly dec- Plus n preferred stock. fPlus 1-25 in stock 1 e. b Pay: c Plus 5% KPlus 3% n stock. Baltimore Markets BALTIMORE—August 2 (Special).— ‘Wheat—No. 2, red Winter, spot, 1.42%; No. 2, red Winter, garlicky, spot, 1.36; August delivery, 1.36; September de- livery, 1.38; No. 3, red Winter, garlicky, spot, 1.31%5. Bag lots of nearby, 1.22; cargoes on grade, No. 2, red Winter, garlicky, 1.36; No. 3, 1.3115; No. 4, 1.2813; No. 5, 12515, Corn—No. 2, export, August delivery, no quotations; No. 2, domestic yellow, 1.21a1.22; cob corn, 6.00 per barrel. Oats—No. 2, white, domestic, spot, 60a61; No. 3, white domestic, spot, 58a 5 59. Rye—Nearby, 1.10a1.20. ‘Hay—Receipts none. Season for old hay is about over. A little new crop is arriving, but hardly enough upon which to establish quotations by grades. Where in good order, new hay sells at from 13.00 to 15.00 per ton, according to its quality and condition. Receipts by truck taking care of most require- ments. Straw—Little demand for straw. Re- ceipts generally ample. Wheat straw, No. 1, per ton, 9.00210.00; oat straw, No. 1, per ton, 9.00a10.00. Produce Prices. Potatoes, white, barrel, 1.50a5.50; old, 100 pounds, 75a1.25; sweet potatoes, bushel, 150a2.50; beets, 100, 2.00a2.50 beans, bushel, 1.25al1.65; cabbage, hamper, 1.00a1.25; carrots, 100, 3.00a 4.00; celery, crate, 3.50a4.25; corn, dozen, 12.25; cucumbers, bushel, 4.90; lettuce, crate, 4.50a5.25; lima beans, hamper, 1.25a1.50; onions, hamper, l.finlli’?:r; 15a25; tomatoes, hamper, 75al.00; apples, bushel, 75a2.00; cantaloupes, crate, 1.0023.00; blackberries, quart, 12a 20 huckleberries, quart, = 20a22l;; , hamper, 30a50; watermelons, Poultry Quotations. Poultry, alive—Spring ehlcke\:nmnd, 25a32; Leghorns, 22a25; poor thin, 18a20; old hens, 23a30; Leghorns, 23a25; old roosters, 18a20; ducks, 20a26; guinea fowl, each, 50al.10; pigeons, pair, 25. Eggs—Receipts, pe 10a50. 1,703 - cases; and nearby firsts, 33a3; current receipts, 31a32. Butter—Good to fancy creamery, pound, 41a45; ladles, 33a35; store packed, 291:a30; rolls, 31a32; process butter, 40a41. Wall Street Briefs NEW YORK, August 2 (#).—The Dow Jones average price of eight important iron and steel products, based on Iron Age quotations, declined 1 cent this week to $51.11, f.ob. Pittsburgh, as against $51.12 a ton in the preceding week. The decline was attributed to a reduction in the price of wire nails from $2.65 to $2.60 a hundred pounds, Darjus E. Peck, formerly assistant manager of the law department of the General Electric Co., has been clected a vice president and general counsel, suc- c!ereed&l.n‘ Allen H. Jackson, who has re- t Only a small numerical change marks the insolvency record for July from that of June, based on figures reported to R. G. Dun & Co. July commercial fail- ures in the United States numbered 1,752, compared with June's 1,767. It was the third consecutive month in which the figures showed decreases. A membership in the New York Curb Exchange has been sold for $235,000, the same price as the previously record- ed sale and equaling the high record. The Standard Sanitary Manufactur- ing Co. and the Richmond Radiator Co. have advanced prices of enamel ware about 10 per cent. ‘The common stock of the Shaffer Stores Co. was added yesterday to the stocks traded on the Philadelphia Stock lulun’e ‘The company operates a chain of 83 grocery stores, including 63 meat market, in Central Pennsylvania. The Chevrolet Motor Co. produced 137,831 cars and trucks in July, a new high record for that month. The figure compares with 151,297 produced in June and 120,863 completed in July, 1928. Dixie Gas & Utilitles Co., which is controlled oy the United Gas Co., will offer common stockholders of record | | August 15 rights to subscribe to the new | shares at $12.50 a share for each share | now held. The rights expire September 120. On June 30 there were 201,760 shares outstanding. American Tin deliveries for the first seven months of the year established a new high record of 55.055 tons, an in- crease of more than 7,000 tons above the | previous high record established in 1926, | | the National Metal Exchange reports. Gold movements at the port of New York for the week ending July 31 com- prised imports of $1,078,000. mainly from South and Latin American countries, and exports of $111,000 to Mexico and | Trinidad. There was a net increase in | the stock of gold earmarked for foreign account of $6,997,000. The Westfield Manufacturing Co. of | Westfield, Mass., bicycle manufacturers, successor of the old Pope Manufacturing Co., plans to retire its outstanding $1,- | 100,000, 8 per cent cumulative preferred stock, holders of which will have the | option of exchanging it foy three shares | of common and $10 in cash for eich share. Directors also plan to place the common stock on a $2 annual basis, as | against the current rate of $1.50. The plan for consolidation of the Fleischmann Co., the Royal Baking Powder Co. and R. W. Gillett Co., Ltd., under Standard Brands, Inc., as a hold- ing company, was declared effective to- day. More than two-thirds of the com- mon stock of each of the companies was deposited under the plan. Additional stockholders desiring to participate in the plan may deposit their shares with J. P. Morgan & Co. on or before Au-} gust 15. OFFER STOCK TRADE. NEW YORK, August 2 (#)--Goldman Sachs Trading Co. has offered to ex- change nine shares of stock for every seven shares of American Co. of San Francisco until August 15. The offer is conditioned on Goldman Sachs Trad- ing Co: obtaining control. American | atively small. | lative sentiment. | advanced 2. points to a new peak at | tral, IAL. RALSTAKELEAD ON STOCK MARKET * More Than chre of Sharec Pushed to New Highs in Bullish Dealihgs. BY STANLEY W. PRENOSIL, Associated Press Pinancial Editor, NEW YORK, August 2.—Bullish op- erations were resumed with considerable ::a]or in wldly's stock market, with ajor speculative interest shi the public utility to the uum'.%"fih’.',“é.." More than a score of issues were pushed into new high ground, many of the gainslrunmng from 5 to 15 points. money renewed at 10 but the banks appeared {0 be in & mar: comfortable position, and a lower rate is expected. Time money and com- mercial paper rates held steady, with business light. While many traders ex- pected a decrease in Federal Reserve brokers’ loans because of the heavy liquidation a week ago, the increase of $52.000000 to a new high record ap- parently caused little concern, due to the rather general feeling that the loan total will be much higher before any major reaction develops. y mercantile reviews in little change in the general b?l‘sc!;':s‘: situation, while the publication of an- other series of earnings statements testified to the widespread prosperity of the first half year. A further im- provement was noted in the demand for e:otipxe:fm"tfd"s: Introduction of new T av demand for automobiles, © T ied the s Earnings Statements Help. e brisk demand for the rails w: influenced by the unusually favoraple earnings and traffic statements now be- ing published, and a rather widespread speculative belief that they were behind the general market. Atchison quickly made up its early 2-point loss and moved ahead 515 points to a new high record at .’Zl_i] 2. New Haven also moved into new high ground. New York Cen- tral, Chesapeake & Ohio and Lacka- wanna were pushed up 5 points or more and Missouri Pacific, Union Pacific, Southern Pacific and Erie advanced 3 to 4 points by early afternoon. General Electric continued its sensa- tional advance by soaring 11 points to a new high at 393, which contrasts with the year’s low of 219. Detroit Edison ran up 14'; points to 385, People's Gas, 121, points w 400!s and Philadelphia Co. 8 points to 228, all new high records, American & Foreigs Power, North American Co. Conwlidated Gas and General Public Service also broke through to new peak prices. ican Telephone ran uj than 5 points to a new high ap 2850y, National Biscuit, Allied Chemical, Johns Manville. du Pont and Bohn Aluminum also recorded large gains. United States Stecl common and Westinghouse Elec- tric each crossed 215 to new high rec- Auburn Auto i Other motors were wi | confirmed reports of stration in those issues next week. < Advances at Opening. isregarding an increase of $52, - 000 in Federal Reserve brokers s to another new high record. the market resumed its advance at the opening. S):\'oral large blocks changed hands in the early "trading. General Electric opened with a block of 5,000 shares at 389, up 7 points and a new high rec- ord. and Radio opened with a block of 10.000 shares at 87%. up 1. American ngr‘r;lol‘lgg.sl?lemaflonal Harvester and et afety Razor opened 1 points higher. e avion all Street apparently found encouragement in- the report. that the Federal Reserve had increased its pur- chases of bills. making more credit ble, although the total was rel- While there is little hope of easy monetary conditions for some time to come, money brokers look for the rate to drop below 10 per cent { within the next few days. as contrasted with a high of 12 per cent yvesterday. Although Federal Reserve brokers’ lnulas are at new peak just under six billion dollars, many traders expect the total {to be much higher before the “bull” | movement is definitely lower. Morgan Shares Strong. Strength of the so-called “Morgan stocks” had a cheerful effect on specu- American Telephone 282'; and United States Steel common crossed 214 for the first time this vear. Westinghouse Electric also moved into new high ground. John D. Ryan's optimistic statement on the copper outlook brought fresh buying into the copper stocks. Ana- conda opened with a block of 13,000 shares at 1181, up 1. St. Joseph Lead advanced 2'. points. Allied Chemical, Pacific Lighting and Columbia Grapho- phone all recorded early gains of 2 points_or more, while New York Cen- Radio, Montgomery-Ward, Union Pacific and. United States Industrial Alcohol advanced a point or so. Atchison was one of the few soft spots, dropping back 2 «points in the early trading. ’ Foreign _exchanges opened “2‘8"“ sterling cables unchanged $4.8515. The leaders showed no signs of wa- vering during the morning. Peoples Gas sold at 400 for the first time on an overnight advance of 12 points. Geng eral Electric at 392 and Detroit Edison at 380 also showed new maximums on 10-point advances. American Tele- phone, Philadelphia Co., Columbia Car- bon and American & Foreign Power were up from 3 to 4 points. Call money renewed at 10 per cent. NEISNER SALES RISE. NEW YORK, August 2 () —Sales of Neisner Bros., Inc., for July amounted to $1152,136, compared with $768,060 in July, 1928. steady, at A MI UMMER INVESTMENT THAT 'AYS A LIBERAL RETURN— With Guaranteed Safety Guaranty first mortrare 6% notes and bonds represent a sound investment. These high-grade securities are issued to vield 6%. Abso- lnte safety of principal and prompt payment of on _ improved Washingten ked Denominations from $250 up Monthly payments if desired Send for Booklet, “The Success Plan” - REALESTATE . MORTGAGE & GUARANTY CORFORATION 6% Co. holds stock of American Trust Co. and American National Co. of San Francisco and Oakland, Calif. Belfast, Ireland, will spend more than 41,500,000 on its new dock. e o . Capital Resources $ 3,400,000 24 JACKSON PLACE