Evening Star Newspaper, August 19, 1929, Page 14

14 e BRAGG 70 ADDRESS | ). . UNDERWRITERS Life Insurance Company Offi- cial on Program for Meet- ing Tomorrow. The August meeting of the District of Columbia Underwriters Association, of which Harold D. Krafft is president, will be held as a luncheon meeting to- morrow at 12:30 at.the Arlington Hotel. The speaker of the day will be James Elton Bragg, general agent for the Union Central Life Insurance Co. in Philadelphia, and chairman of the pro- gram committee of the National Asso- ciation of Life Underwriters. The convention committee of the as- sociation, under leadership of John Cre- men, is working hard to complete ar- rangements for the national convention to be held in September at the May- flower Hotel. By way of entertainment during the convention it is announced that plans call for a breakfast sessicn one day, a reception and ball, a ban- quet, and a trip to Mount Vernon. _ Tri-Continental Allied Co. Tri-Continental Allied Co., the new $50,000,000 concern, whose stock went into trading on the Boston Stock Ex- change and the New York Curb for the first time this morning, is largely held in Washington, by investors many of whom owned shares of the parent com- pany, Tri - Continental Corporation. Both' concerns are known now as the J. & W. Seligman Tri-Continental No. 1 and No. 2, as their purposes are iden- . tical and they are both administered by the same management. This manage- ment includes not only the seventeen directors including six partners of J. & W. Seligman, but includes also such men as: A. H. Wiggin, chalrman of the board of directors, Chase National Bank; David Sarnoff, executive vice president of the Radio Corporatidn of America; C. Groesbeck, president Flectric Bond & Share Co.; Arthur F. White, vice president Canadian Bank of Commerce; George C. Fraser of Fraser, Speir & Meyer; Willlam S. Gray, vice president Central Hanover Bank & Trust Co., and Homer B. Vanderblue, director of the economic service of the Harvard Society, and professor of busi- ness economics at Harvard. Prices of commodities during the week ended August 17 declined one-tenth of 1 per cent, according to the wholesale price index of the National Fertilizer Association. Twenty-five items declined and twenty-two advanced. Seven groups Showed declines and only one a slight advance. The chief declines occurted in the groups of textiles, fats, other | foods, metals and miscellaneous com- modities. An advance occurred in the | group of gramns, feeds and live stock. Branch Banking. Interest in branch banking on & Jarger scale has brought some specialists to the point where they hope to see in the next Congress consideration of legislation to permit banks to open branches throughout their own State and possibly throughout the Nation. This view is expressed by Gilbert E]-! liott & Co., which has made a spec study of the possibilities of the adoption of the “chain store” banking operations. “Although the past decade has wit- nessed great strides in banking expan- sion,” says the review, “this step would be the most far reaching that banking has ever seen and would open practi- cally unlimited possibilities. “The last comprehensive banking legislation was the McFadden act of 1927 which permitted national banks to establish branches within their owa city limits in those States where State banks already had this privilege. “During the past two months, there has been ample evidence that branch banking is to receive influential support. The comptroller of the currency, the chairman of the House banking and currency committee, the New York State Bankers’ Association and the Illinois Bankers' Association, have, within a few days of each other, in- dorsed or recommended such a measure. “Recent years have witnessed un- aralleled banking progress. p"lt is not generally realized that bank- ing is practically the only large in- dustry not run on the chain or branch | system. The disadvantages of the unit system were demonstrated graphically in the post-war depression when thou- sands of banks failed throughout the country. That most of these failures were country or small town banks em- phasized the need for stability and bet- ter management, which can only be secured in a large institution, operating over a sufficiently wide territory to af- ford diversification of risk. Bank man- agement, in the larger cities, is today better than ever before and recent mer- gers have centralized powerful groups of the country's financial leaders.” Heard in Financial District. B. O. Harper, partner of Crane, Par- ris & Co., has gone to Canada on va- cation. M. F. Calnan, cashier of Liberty Na- tional Bank, has returned to his desk after a two-week vacation. George Bowie Chipman, resident partner here of Harriman & Co., returned to New York from his Sum- mer home at Castine, Me., and is ex- pected at the local office sometime this week. . CHICAGO LIVE STOCK MARKET CHICAGO, August 19 () (United States Department of Agriculture).— ‘Hogs—Receipts, 42,000 head; including 11,000 direct; market slow; top. 11.75; bulk. good to choice, 160-210-pound ‘weight, 11.40 to 11.70; 220-240 pounds, 11.00 to 11.40; packing sows, 8.75 to 9.75 ;butchers, medium to choice, 250~ 300 pounds, 10.15a11.15; 200-250 pound, 10.75a11.75; 160-200 pound, 11.15a 11.75; 130-160 pound, 10.60211.65; pac- king sows, 8.75a9.75; pigs, medium to choice, 90-130 pound, 10.00a11.25. Cattle—Receipts, 27,000 head; calves, 2,500 head; strictly grain-fed steers of representative weight relatively scarce and steady: top, 17.00; all others ex- cept desirable packers unevenly lower with little done largely beef run. Slaughter classes, steers, ' good and choice, 1,300-1,500 pounds, 13.00a17.00; 1,100-1,300 pounds, 13.00a17.00; 950- 1,100 pounds, 13.00a17. common and medium, 850 pounds up, 8.75a13.00. Fed yearlings, good and_choice, 750-950 pounds, 13.25a16.50.- Heifers, and choice, 850 pounds down, 13.50a15.75; common and medium, 7.50a13.50. Gows, good and choice, 8.50a12.25; common and medium, 7.00a8.50; low cutter and cutter, 5.75a7.00. _ Bulls, choice (beef), 9.75a11.50; medium, 7.25a9.75. Vealers (milk good and choice, 15.00a17.00; medium, 12.00215.00; cull and common, 8.00a 12.00. Stocker and feeder steers, good and choice (all weights),” 11.00a12.75; common and medium, 8.00811.00. Sheep—Receipts, 24,000 head; market fairly active, weak to mostly 25¢ lower; natives, 13.00 to 13.50; top, 13.75; rang- ers, 13.40 to 13.50; fat ewes, 5.00 to 6.! ~Prev. 1920~ High. Low. 57% 38% Abitibl Power & Pap 104% 27 Advance Rumley 4% 1% Ahumada Lead...... 181% 96% Alr Reduction (3). 48% 386 Alr Wal El Ap(2%).. 11% 10% 25 54% 118% 1us 8614 284% 166 Allis-Chalm Mf (7) 42% 22% Amerada Corp (2). 23% 10% Am Agricul Chem Stock snd 45 Am Brake Shoe 2.40. 15% Am Brown Bov Elec. 43% Am Com Ale (k1.60). 82% Am European Sec. 89% Am Ice pf (6 52% Am Internat (32) 4% Am La F & Foam 102% Am Locomotive (8) 147% Am Mach & Fdy(15). 50 Am Metal (3).. 81% Am Pow & Lt (11).. 98% Am Pow & Lt pf (6). 70 AmP&LDPLA(3)... 78 Am P&L pf A st (5). 40% Am Ra&Std San1%. 31 Am Republics..... 8% 136 220 81% 158% 103 80 84% b4% % 104% Am Sugar Rfg p£(7). 35% Am Sumatra (3). 160 Am Tobacco (8) 160% Am Tobacco B (8)... 136%a Am Type Fdry (8)... 67% Am Water Wks (cl1). Am Woolen. 197 197 160 143% 27% 58% 16% 491 111% 140 86% 62% Anchor Cap 12.40). 124 102% Anchor Cap pf (6% 68% 44% Andes Copper (3) 49% 29 Archer-Dan-M (2). 95 847 Armour Del pf (7). 10'% Armour I1l (A). 51a Armour 11l (B). 70% Armour 11l pf (7) 40% 19 Arnold Constabl 70% 43 AssoDryG (2%) 107 88% AssoD G 1stpf(6). 282% 195% Atch T & S Fe (10). 103% 99 Atch T&SF pf (5) 209% 169 Atl Coast Line (110). 67% 3214 AtlG & W Indles. ... 22'% Am Zinc Ld&Sm. 90% Am Zinc Ld&Sm pt Sales— Dividend Rate. Add 00. High. 16 556% 4 67 611 45% AtIG& W L pof (4).. 5 6 TT%h 115 4 531 Atl Refining (2). 90 Atlas Powder (4) 221 Auburn Auto (j4) 5% Austin Nichols. 35% 22 Autosale: 45 361 Autosale 5 50 414 Auto-Strop Raz (3).. 20 18% Aviation Corp. Del 271% 210 Baldwin Loco (7}... 6604 62 Baldwin Loco (new). 138% 115% Balto & Ohio (6).... 88% 643 Bang & Aroos (3%4) 49% 33'% Barnsdall (32%). 32% 20 BeaconOil..... 987 931 Beatrice Cream (4) 73 Beech-Nut Pack (3) 9 Belding-Heminway. Belg N Ry pt pf (16! 104% 78 Bendix Aviation (2! 75% Best&Co (3).... ( 110% Bohn Alum&Br(t4) 44% Booth Fish 1st pf. 100's 83% Borden Co (3) 79% 177% Borg Warner (. 63% 30% Briggs Mfg.... 43%; 35% Briggs&Stratton(2). 1313 5% British Em Stl 2d pf. 130% 115% Bristol Myers(t4%). 73% 39% Brockway M T (3)... 81% 57% Bklyn-Manhat (4)... Bklyn Union Gas (5) 6’ 63% 35% Bruns-Balk-Col(3). 44% 18 BrunsTer& RyS... 42% 25% Bucyrus Erfe (1). 50 38% Bucyruscvpf(2%). 64% 621 Burr Add Mach(80c) 913 4 Butte Copper & Zinc. 41 28 Butterick Co. 192% 120% Byers (A M) 37% 31% By-Products 82% 172% Calif Packing (4)... 4 1%3 Callahan Zinc & L. 136% 123 Calumet & Ariz (10). 61% 36% Calumet & Hecla(4). 49% 43 Campbell Wyant (2). 98% 78 CanadaDryG A (5). 265% 218 Canadian Pac (10) 48% 35 Cannon Mills (2.80) 42% 20 Cavanagh-Dobb: 48% 30 Cent Aguirre As1%. 56% 40% Cent Alloy Steel (2). 120 88% Cerro de Pasco (6)... 32 16% ain-teed Prod 275% 195 Ches & Ohlo (10). 92 79 Chesapeake Corp 19% 25% . 23% 12% Chi Great Western... 63% 38 ChiGreat Westn pf. 43 27% Chi Mil St P&Pac... 63% 46% Chi Mil St P&Pac pf. 97% 80% Chi&N W (4) 47 28% Chi Pneu Tool 142% 115 ChiRI&Pac (7).. 108% 105% ChiR I & Pac pf (7). 74% 44% Childs Co (2.40) 135 66 Chrysler Corp (3) 62% 49 Citylce&F (3.60).. 27 18% City Stores (1). 728% 42% 'Cluett Peabody (5).. 149% 120% Coca-Cola (4).. 4614 Coca Cola A (3 Collins & Atkm: 109 103% Colum G&E pf A(S). 90% 86 Colum G&E pfB(6).. 88% 56% Col Graph (29¢).. 67% 61 Col Graph F' P (29¢). 207 121% Columb Carbon t4%. 62% 43 Com Credit(2). 50 Comm Credit A. 50% 195 131% Coml Inv Trust (14). 101 62% 27% Com Inv Trst war. 99 92 Com Inv Trpf(6%) 492% 226% Com Solvents (h8). 246 107% Comwith Power (4) 59% Conde it Pub (2) 19% Congoleum-Nairn. 22 Consol Film (2) 24% Consol Film pf 8% Contl Baking B. . 56% Contl Bank NY 1.20.. 60 Contl Can (2 1 Y% 611® 82% 13 Contl Motors (80¢). 281% Contl Oil of Del. feeding lambs, steady, 13.50 dow lambs, good and choice, 92 pounds down, 13.00a13.75; medium, 11.00a13.00; cull and _common, 7.50a11.00; ewes, medium to _choice, 150 pounds down, 4.7586.50; cull and common, 2.50a5.00; feeder lambs, good and choice, 12.25a13.65. S BALTIMORE GRAIN EXPORTS. BALTIMORE, August 19 (Special).— rts of grain through the of Baltimore last week were 195,468 bush- els, made up of 135,810 busheis of wheat and 59,658 bushels of barley. Recepits of new water-borne wheat on the timore market so far this season total bushels’ year. Stock in elevators today total 7,687,878 bushels. Y — A display of American autos was re- cently held in Budapest, Hungary. ¥ IEAr 2 Cuban Dom Sugar. .. 118 113% Curtts Publish pf(7) 165% 158 Curtiss Aero ctfs(1). 101% B68% Cutler-Ham (3%). 99 63 Cuyamel Fruit. 69% 42% Davison 46% 33% Debenhams (al.59).. 226 182 Delaware & Hud (9). 160% 120% Del Lack & W (17) 77% 6564 Denv&RG W of 885 224 Detroit Edison 64% 43% Devne & Ray A ) 10 18 %) 499 79 Contl Insurance (2). 49% 1 3 34% 32 216 211% 13 151% 149% 25314 66 137°% 814 39 THE -EVENING STAR, WASHINGTON. D. C., MONDAY, AUGUST 19, 1929. Stock and Dividend Rate. Dome Mines (1) . Dominion Strs(1.20) Drug Corpn (4). Dunhill Inter (34) Du Pontde N(t4%). 2 43 ?ltmln Kod (13) Faton Axle & S (3 Eitingon-Sch (2% FEndicott-John (5) Eng Pub Serv (11) Equitable Bldg(2%). FrieRReucceissane ErleRR1stof (4).. 2 Eureka VacCl (4)... 3 faathe il Falrbanks Morse (3). Fash Pk Assotk2%). Fash Pk Asso pf (7). Fed Motor Tr (80c) Fld Phen F Ins (2). First Nat S Fisk Rubber. Fleischmann Fleischmann ctfs t4. Follansbee (12%) Foundation Co. Fox Film A (4 Freeport-Texas 2 1 1 3 Gabriel Snub A. Gardner Motor. 5 Gen Am Tnk Car(14) Gen Asphalt. . . Gen Bronze (2). Gen Cabl 1 168 56 Gen Elec spec (60c). Gen'l Food Corpn (3) 1(8 Gen Gas&El A (e1%) 119 Gen Mills (3%)..... 2 Gen AMotors (13.30),. 464 Gen Motorspf (7)... 3 Outd AdvA (4). 2 Gen Outd Ad vte (2). 24 Gen Public Serv(b§) 25 Gen Ry Signal (5)... 142 Gen Refrac (t4).... 26 Gillette Safety R (5) 202 Gimbel Brothers.... s Gimbel Bros pf (7). 132% 133% ) % Intl Print Ink (234). Granby Consol (7) Grand Stores (1).... 6 Granite City Stl1 (3).. b1 3 Grt North pfet (5).. Grt Nor Ore (a1%). . Grt West Sug (2.80). Greene Can Cop (8).. Guantanamo Sugar.. Guif Sta Steel (4)... Hartman A (2) Hartman B (1. Hawalian Pine (2) Hayes Body b8 Hershey Chocolate. . Hershey Choc pf (4). Hooe (R) & Co........ » Holland Furn (e235). Hollander & Son. .... Homestake Min (17). Houd Hersh B (1%). Houston Oil. Howe Sound (t434). Hudson & Man (2%). Hudson Motor (5) Hupp Motor (£2) Illinots Central (7).., Illinois Cent pf (6).. Independ O1l & G (2) Indian Motor Cycle. . Indian Refining..... Indian Refining ct... Ingersol Rand (}5%) Interboro Rap Tran. Intl Business M (5).. Intl Harvester (234). Intl Harv pf (7)..... Int Hydro E] A (e2). Intl Match pf (3.20). Int Mer Marine ctfs.. 6 Int Nickel of Can(1). 246 Intl Paper pf (7) 1 Intl Pap & P A( 0% Intl Pap & Pwr C Intl Pap & Pwr D! 4 21 Intl Rys Cent Am. 2 Int Tel & Teleg (3)..1172 Inter Dept St (2).... 13 Investors Equity(2). 7 Island Creek Coal(4) 2 e Johns-Manville (3).. 38 Jordan Motor Car. 3 Kan City Sou (5) Kaufmann D S (1 Kayser J & Co (5). Keith-Albs i Kelly- % Moon Motors. Kelvinator Corp. Kennecott (6).... Kimberly Clrk(2%) Kinney G R (1). Kolster Radio. Kraft Ph Ch (1%) Kresge S S (1.60). 4). Kroger Gr&Bak(cl). Lago Oil & Tra Lambert Co (8 Leh Val Coal pf (3).. Lehn & Fink (3).. Libbey Owens G (4). Liggett & My B (16). Lima Locomotive. .. Liq Carbonic (t4%). Loew's Inc (2) Loew's Inc pf (6%). Loew'spf xw (6%). Loft Inc. Loose-Wi . Lorillard (P) Co. Loutsiana Oil. ... LouG&EIA (1% Louts & Nash (7) Ludlum Steel (2 M- Mac A & Forb(12.85) McCrory pf (6)..... McKeesport T P(4) McKesson & Rob (2) Mack Trucks (6).... Macy (RH)&Co(ct8) Madison 8q G (1%) Magma Copper (8).. Mallinson & Co. Mandel Bros (2%).. Man Shirt (2). =-run-nnekw 8 g P Melville Shoe (1.40). Mengel CO.vvvueagee Metro Gold pf (1.89). Mexican Seaboard. .. Miami Copper (4)... Michigan St (234).. Mid-Continent P (2). Middle States Oil. ... Middle States Ofl cf Miller Rubber. Minn Moline Pw: Minn Moline of MStP&SSM. Mo Kan & Texas. Mo Kan & Tex pf(7) Missourt Pac pf (5) Mont Ward (2%)... = 2 LTSRS TS T T SR TS PP St 4311 Morrell J (3.60. other Lode (40¢).. tion Picture. Motor MeterG& E. . Motor Products (17). Motor Wheel (4). C RBR-EBEewe=a Males— Add 00. 1 Prev. High. Low. Close. Close. 10% 10% 10% " e 111% 111% 49 48 = 194% 194 44 111% 19! 49% 195% 197% 196% 43 614 93% 1355 65 504% 193% 6% 102% 3 ~Prev. 1920~ Stock and High. Low. Dividend 4U% 284 Nat Acme (1%4) :;nl Bella Hess(31). 2 18% 13 4 126% 126% 126% 126 8 66 64% 65% 63 46% 45% 46 B0 MK 9% 92% % 1 9 98 _ 98 Nevada Copper Newport Co A (3) Newton Steel (3) Bales— Rate. Add 00. High. 21 36% Prev. | —Prev. 1820~ Low. Close. Close. | High Low. 36 36 3% 37% 38 | 67 62% 42% 48% - 41% | 133 100 202 202 204 | B81% 64 124% 126% 126 | 73% 8% T9% 79 | 45% 44% 45% 46 9% 4% 49 49% 9% T1% 69% 5% 13 14% 48 37% 4 65 46% 5 47% 476 4T% 47% 173 242% 2401242 N Y Chi &8t L p(8). NYNH&H (&) & W .o Norfolk&Wstn(110). North Am(b10%stk) North Am pf (3).... Nor Ger Lloyd(3.41), Northern Pac (5) North Pac et (5). Norwalk Tire & Rb O11 Well Supply. Oliver Farm Eqi Olivr Fr Eq pt A(6). Olivr Fr Ep cv pt(3). Omnibus Corp. Otis Steel..... 3 13 3 51% 30 8% 130 1% 1 153% 116% 31% 26% 40% Pacific Gas & E (2).. 63 Pacific Lighting (3. Pacific Oil stubs..... 32 Packard Motor (16). 433 Packard Mot (new). 1458 Pan-Am Petroleum Pan-Am Pete Panhand 3 Paramount-F-L (; Park & Tilford (33).. Park Utah (80¢c) Py Peerless Motor Car Penick & Ford. Penn Coal & Coke Penn Dixie Cement. 4 Penn Dixfe Cm pf(7) 1 Pennsylvania RR(4) 366 Pere Marquette (18). 2! Plerce Petroleum PHisbury Fl (+2 Pirelll Co A (2. Pittsburgh Coal. Pittsburgh Coal pt.. Pittsbgh Screw & B.. Poor & Co (12).... Postal Tel & C pf (7). Prairie Oil & Gas Prairie Pinp L (14) Pressed Steel Car...., Proctor&Gamble(3). Prod & Refiners. Pub Sve NJ (2.60). Pub Sve NJ pf (6). Pullman Corp (4) Pure Ofl (1%) 37 Purity Bakeri Radio Corp.. 5 Radio-Keith-Orph A. 340 Railway & Exp (2).. 3 RR Sec1C stk C(4). Resding (1). - - » Reading 1st pf (2)... Reading 2d pf (2) Real Silk Hoslery... Rels (R) & Co......0 Reis (R)&Co 18t(7)., Remington-Rand Reming-Rnd 1st ( Reo Motors (+1.60) Rep Iron & Stl (4) Reynolds Spring. Reynolds Tb B(2.40). Rhine West (1.92)... Richfield O11 (2). Rio Grande Oil (k2) Rosaia Ins (220).... Royal Bak Pwdr(1).. Roy Bak Pow ctfs(1) » Royal Dutch (a3.20 Safeway Stores (3).. St Joseph Lead (13). St L-San Fran (3)... 195% 154% 94 59% 133 109% Seneca Copper. Servel Inc. . Sharon Steel H (2) Sharp & Do pf (3%). Shattuck F G (2).. Shell Tr&Tr(a%6.4c) . Shell Union (1.40). .. Shubert Theater (5). Simmons Co (3)..... 1 Simms Pet (1.60) Sinclairofl (123%). Skelly Ofl (2).. Snider Packing. Snider Packing pf. So Porto R Sug 12% Southern Cal Ed (2). Southern Dairies B.. Southern Pacific (6! Southern Rwy (8). .. Sou Ry M &Oct (4). Spalding A G (1.60). Spang-Chalfant..... Sparks Withington. . Spencer Kelg(1.60).. Spicer Mfg. . Spiegel-Mav-St (3).. Stand Com Tob (1).. 45 9% 15% 8% 150 124 160% 138 140% 104 50% 34 5% 35% 45 % 70 43% 16% 53% 27% 165 146% 241% 164 104% TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Stock and Sales— Dividend Rate. Add 00. High. 36% | 142% 80% Stand Gas & El (3%) ng 2 0 Stand G&E pf (4)... Stand Milling pf(6). Stand Ofl Calif (13) Stand O/IN J (12) Stand OIIN Y (1.60). Stand Plate Gl Sterling Sec (A)..... Sterling Sec pf 11.20 Stewart Warnr(3%), Stone & Webster. Studebaker (15) FINANCIAL. P Low. Close. Close. 136% 139% 13715 64% 40 3¢ 64 ‘Texas P C & Ofl (b5). ‘Texas Pac Land Tr.. ‘Thatcher Mfg. . 0 The Fair (2.40). Thompson J R (3.60) Tide Water Asso. ... Tide Wat Asso pf(6) s 8 us us u stock. yahle us 10% in stock. in stock. us 8% ‘Wabash. Waldorf Systm (1%) % Walgreen pf (6%).. Walworth (1.20). ‘Ward Baking B. .. Ward Baking pf (7). ‘Warners Bros P 13341100 Warn Br P p£(2.20).. Warner-Quinlan (2). 16 Warren Bros (15)... Warren Fdry & Pipe. Wess Ol & Snow(2). O & Sn pf (4). Yale & Towns (4)... Yellow Truck &C... Young Sp&W (12%). 107 59% Young Sheet & T (5) Zenith Radio (2).... RIGHTS EXPIRE Gen Cigar rights. ... Glidden (rights) Macy Co rights. Mont Ward..Aug 26 124 Stand Gas rts Aug.31 1% U S Freight(rights). Sales of Stocks on New York Exchange. Dividend rates as given in cash payments based on the latest tion. sUnit of trading less than 100 sh: stock. 3Plus §: r—no regular rate. rne ‘Tide Water Ofl(80c). ‘Tide Water Oil pf(5) Timken Det Ax(30¢). ‘Tob Prod ctfs A1.40 ‘Transcontinental, Transue & W (1). Trico Prod (2%). Underw-El-Fish(4) Union Bag & Pape: Union Oil Calif (2). Union Pacific (10) Union Pacific pt (4 Utd Alrcraft&Trans, Utd Afreraft&T pf 3. Utd Biscuit (1.60) United Carbon . Utd Cigar Stores(1). Utd Cigar St pf(6) Utd Corporation Utd Corp pf (3)..... Utd Electric Coal(3) Utd Fruit (c4)...... Utd Gas & Imp (1).. Utd Gas & Imp pf(5) U S Distributing..... 7S Freight. U S Ind Alco U S Leather. Leather . Pipe & Fdry (2). Realty (5) Rubber. S Rubber 1st pf. .. U S Smelt Ref (3%). U S Steel (7). U S Steel of (7). U 8 Tobacco (3) Univ Pipe & Rad... Util Pwr & Lt A (e2) 115 Vadsco Sal Vanadium . Vick Chemical ( Virginia-Car Chem Virginia-Car 6% D W- 1 68% 3 30 1102 6 39 2 8 2 12 . 111 o291 346 2 h! White Rock M S (3). ‘White Sewing Mach.. 4 Wilcox Oll & Gas.... Wilcox Rich(A)2%.. Wilcox Rich B (c2).. Willys-Over (c1.20). Willys-Over pf (7).. Wilson & Co. . . Wilson & Co A Wilson & Co pf. ‘Woolworth (2.40)... Worthington Pump. % Worthington A. Wright Aero (2) Wright Aero ctfs(2 Wrigley Wm (4) 1 83% 23 36% 5 158 Z— 12 47% 10 . 140 19 1% 4% 23% 5% 1l 13 3 5% 575,000 12:00 Noon. + 1,709,100 3 - 3,053,000 the above tal the_annual quarterly or half vearly dec- es. 4Partly extra, fPlus 3 in preferred stock. f§Plus 1-25 in stock. b Payabie in stock. c Plus 5% . e Payable in or stoc! & PI % Eh Kk Plus 3% In stock. REVENUE FROM TOBACCO INDUSTRY SHOWS GAIN By the Assoclated Press. An increase of $37,994,502 in revenue from tobacco manufacturers for the fiscal year ending June ‘30, due prin- cipally to the increase in cigarette con- sumption, was announced today by the 15 | Internal Revenue Bureau. 42% 42% 42% 111% 105 111% 35%; 34% 35% 3 2% 2% 2% 21 14% 1% 344 9 42 ” 56 55 554 104% 104% 104% 140 140 140 124% 122 122% 3 3% % 3% 51 48 28% 28 28 29 117 116 " 116 118 53% b1% b52% 52% 86 85 5 8% In a preliminary report to Secretary Mellon Robert H. Lycas, the commis- sioner of internal revenue, said the total tobacco tux collections for 1929 were $434,444,543, as compared with $396,450,041 for 1928+ “This was due,” the sald, “to the great increase in the manufacture | Zhits and sale of small cigarettes, which was in excess of 13 per cent of the previous YeNorth Carolina led the other States 1t with $6,926,154, while New Jersey ranked second, with $3,118,310, and Florida came third, with $3,029,681. .PARIS BOURSE PRICES. qul'ana price were oy i Thtae y. ‘Three per cent rentes, 74 francs 25 ;nflmel: 5 per cent loan, 102 francs ‘Exchange on, onLdon, 133 franes 85 ancs centimes. ‘e'l'g:flolhr was quoted at 25 francs 54% centimes. et BANK CHECKS REPORT. y the Assoclated Buys Refrigerator Ship. NEW YORK, August 19 (#).—The North American Fruit & SteamsHip Co., subsid| of the North American Car Corporation, has purchased a third ship {cr its ventilated and refrigerated serv- ice. SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co) Allis-Chalmers Co. 55 1937..... 98% 99 ‘Aluminum Co. of Amer. 55 Amer. a7 rmou; q Y Isiand '4s ‘1 T Co. 55 1947. a3 it 1930. FOREIGN EXCHANGE. | MONEY MARKET. NEW YORK, August 19 (#).—Call money steady; 7 per cent all day. Time loans steady; 30 days, 8%a9; 60-90 days, 8%a9; 4-6 months, 8%a9. Prime commercial paper, 6a6l;; bankers’ acceptances steady; 30 days, 5148514 ; 60-90 days, 5%a5%; 4 months, 53ga5%; 5-6 months, 53ga5%s. METAL MARKET. NEW YORK, August 19 (#).—Copper steady; electrolytic, spot and future, 18. Iron steady; No. 2, £. 0. b. Eastern Penn- sylvania, 20.50a21.50; Buffalo, 17.50a 18.50; Alabama, 13.50a14.50. Tin stead; spot, 46.87; future, 47.37. Lead stea spot, New’ York, 6.75; East St. Louis, 6.55a6.57. Zinc steddy; East St. Louis, spot and future, 6.77a6.80. Antimony, 8.87. Quicksilver, 124.00. EXPORTS TO ORIENT. By the Assoclated Press. Exports of the United States to the Orient during the fiscal year ending June 30 increased nearly 16 per cent over the previous year, Total value of exports for the last fiscal year; the Commerce ent announced today, was $862,237,000, com- pared with $731,631,000 for the year ending June 30, 1928. “This noteworthy gain in our sales to the Ori ” the Commerce Depart- ment said, “was effected regardless of adverse economic conditions in some of the ;nnat. important countries con- cerned.” Plans Cheese Factory. YORK, August 19 ()—The Cheese tion will 1 ) ISTOCKS SUBIECTED TOHEAVYSELLNG Bullish Operations Center on Utilities, Specialties and Rail Issues. BY STANLEY W. PRENOSIL. Associated Press Pinancial Editor. NEW YORK, August 18.—The stoci: market, having advanced rapidly into new high grounds last week, today ran into some selling, particularly in the ail # shares, but this was offset by a resump- tion of bullish operations in a selece assortment of public utility, steel, elec- tric equipment and railroad stocks. The selling was inspired largely by the be- lief that the technical position of the market had been weakened and that 3 corrective reaction was in order. Credit Situation, Call money opened unchanged at 7 per cent and was in scarce supply for a time, but new funds made their appear- ance around midday and there were in< dications that the rate might be main- % tained. There was no change in time money and commercial paper rates. Except for reports of a siight falling off in steel output in the Youngstown district, most of the day's trade news was favorable. With the United States Senate reconvening today, attention was again directed to the possibility of a congressional investig:...n of Federal Reserve policy and securitles trading, and this tended to cause some liquida- tion by nervous investors and specula- tors. Little attention has been paid by the financial district thus far to_the war-Tike preparations in the Far East, Stimulated by the advance in Steel, which reached 246!, a rise of 8 points to a new high, a wide assortment of stocks developed marked buoyancy in the afternoon. Commercial Solvents ran up 14 points to 496, American & Forelgn Power 774 to 150 and American Can 5 to 181, all record prices. Amer- , § ican Tobacco, Fox Film, International Harvester and Philadelphia Co. all ad« vanced between 4 and 5 points. The close was irregular. Opening Is Irregular. Prices moved irregularly higher at the opening, with rails, ofls and publio utilities again in good demand. Atchi- son opened 3 points higher, Westing= house Electric, 2: General Electric, 13, and standard Oil of New Jersey and » | Gillette Safety Razor about a point each, International Telephone crossed 120 te a new high record. North American Co, and Union Pacific were heavy. ‘Wall Street apparently was not dise turbed by reports of military disturbe ances in the Far East. Most of thy week end trade reports were optimistis in character and had a cheerful effeci on speculative sentiment. Some selling came into the market, however, as u result of the cautionary advices of somy of the conservative commission houses, which advised their customers to lighten long committments. ‘Westinghouse Electric, which is expect« ed to benefit materially from the rail- road electrification projects under way, was quickly marked up nearly 5 points to & new high record of 25215, Inter- national Telephone, which is planning further expansion of its facilities, crossed 122 to another new high for the present stock. Paramount-Famous- Lasky and Packard (old stock) also reached new high ground. Recent Leaders Heavy. Rails made further response to re | ports of record-breaking car readings for this season of the year. Southern |Railway and Great Northern preferred recorded early gains of 2 points and New Haven, Frisco common and Nor- folk & Western recorded early gains of a point i so. Heaviness cropped out in_ several of the recent leaders, such as U. S. Steel * ! common, American Can, Simmons Co. and National Dairy Products, all of which yielded a point or so in the first half “hour. Foreign _exchanges openetd steady, with sterling cables unchanged at $4.84%. By the Associated Press. NEW YORK, August 19.—The Am- | mex Petroleum Corporation has started regular semi-monthly shipments of crude ofl from its terminal at Tanhuijo, 714 | Mexico. Motometer Gauge & Equipment Cor- poration has perfected a new type of shock absorber, different from any now on the market, Roy G. Martin, presi- dent, announced today. The company is starting production on the new line, with a 10,000 daily output planned. ‘The Western Union Telegraph Co. is to act as collectir for shipments in co- operation with the Colonial Airway express service betwen New York and Boston. ‘The Skelly Oil Co shipped 1,284 cars of natural and refined gaeoline dur- ing the first 15 days of August, com- K. red with 1,022 cars shipped in the Plus 3% 10 stock. !p' e same period last year A Complete Investment Service GreeeT & Co. SANKERS INVESTMENT BUILDING ‘WASHINGTON, D.C. Telephone., National 2460 We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washingten Loan and Trust Company 900 F Street 620 17th Street -