Evening Star Newspaper, August 28, 1929, Page 10

10 sowade T POTOMAC ELECTRIC BONDS ARE CALLED 539,400 of 1953 Issue Will Be Redeemed at 107 1-2 The National City Bank of New York, a3 trustee, today announced it was issu- ing a notice to holders of the Potomac Flectric @ower Co., general and refund- inz 6 per cent mortgage gold bonds. series B. due 1953, that $39,400 bonds of this issue have been called (n'r re- demption October 1, 1929, at 107‘/? per cent. 4 Such called bonds will be paid out of sinking fund moneys upon presentation at the head office of the bank, .55 Wall street, New York, on or after the re- demption date from which all interest on the bonds will cease. i Duty Small Part of Issue. | The called bonds constitute only A small part of the scries B 65 out-| “tanding, as according to records at the office of the company here, there i now outstanding & total of $3,747,000 of this issue. - The bonds to be called are drawn by lot, and the numbers of the bonds so drawn will be known shortly. While the Washington Rapid Transit Co. ran into the red again during the | month of July this year, it was not so; far into the deficit for net operating ! ~Prev. 1920~ Stock and High. Low Dividend Rate. 57% 384 Abitibl Power & Pap 88% 79 ADbItibi P& P pf(8).. 159% 101 Abraham & Straus. .. 35% 27% Adams Millis (2). 27 Advance Rumley.... 40% Advance Rumley pf. 1% Ahumada Lead 951% Alr Reduction 36 Air Wal Bl Ap(2% Ajax Rubl Sales— Add 00. High. 14 b4% Alleghany Corp. 991 Alleg Corp pf (5%).. 100% Alleg C pf rets(5%). £6l% 82 Alleg Cpf (5%)xw.. 85t 83 Alleg pfrec 5% xw.. 349 241 Allled Ch & Dye (6. 125 1204 Allled C& D pf (7)., 330 166 Allis-Chalm Mf (7)., 42% 2215 Amerada Corp (2)... 23% 10% Am Agricul Chem. 73% 40% Am Agricui Ch pf. 148% 110 Am Bank Note (13 201 14 Am Beet Suga §0% 46 Am Reet Suzar 73% 40% Am Rosch Magne! 2 45 Am Brake Shoe 2. 34% 15% Am Brown BovEl 184ts 107% Am Can (+4). 142 13613 Am Canpf (7). 10614 92 Am Car & Fdy (6). 46% Am Chicle (2)...... 4215 Am Com Ale (k1.60). % Am Encaust Til (2).. Am BEuropean Sec. 75% Am & For Power. 2414 Am Hawaiian (1). 6 Am Hide & Leather.. 301i Am Hide & Lea pf. G4 Am Home Prd (3.60) 38 Am Ice (13) 5 52! Am Interna 8% 41 AmLa F & Foam! revenue as for July last year by $783.61. | The net operating revenue for July 29 was listed in the report filed W",h' the Public Utilities Commission todlyl as a deficit of $982.87, as against & deficit for July, 1928, of $1,766.48. H Operating Income Gains. Operating income for the company | Inereased from $43,327.48 for July of last | vear to $45,103.45, July, 1929, while op-} erating expenses increased during the same period {rom $45.093.96 to $46,086.32. | Gross income was listed as being a | deficit of $2.350.26 for July, 1928, and 52.240.66 for July. 1929. | Revenue passengers increased from 416,371 in July, 1928, to 421,732 in July, | 1920, while bus miles gained for the same period from 145018 to 148.826. The deficit in operating revenue for July compares to a net operating rev- enue of $2592.35 in June, 1928, and £4,016.54 for June, 1929. { D. C. Exchange. | Trading was moderate on the Wash- | ington Stock Exchange today, most of | the activity being in stocks. Washing- | ton Gas 6s. B, at 1031, and Washing- ton Railway & Electric 4s at 86 pro- vided the only bond transactions. Capital Traction Co. sold at 93, Pn-,’ tomae Electric 6 per cent preferred at 113 and the 5'; preferred of the same company at 107. Washington Gas Light | sold at 127 and Riggs National Bank, which has been consistently active re- cently sold at 580. i Industrial Production. TIndustrial production decreased slight- v during July, according to the Fed- cral Reserve Board's review of condi-! tions, but continued at a higher level than in other recent years. Wholesale | commodity prices increased further | during the month, reflecting chiefly | higher prices of agricultural products. | Joans for commercial and agricultural purposes by reporting member banks, jncreased during July and the first half | of August. | Output. of manufactures decreased in | July, while mineral production increased. | Average daily output of automobiles, | copper, tin, zinc and cotton and wool | textiles decreased and there was a small | decline in the production of iron and | steel. In all of these industries, how- | over, output was larger than in the; same month in earlier years. Activity | inereased during Juiy in silk and shoe | factories and in meat-packing plants; and there was also a larger output of ! bituminous coal and crude petroleum ! than in June. Reports for the first half | of August indicate sustained activity in | the iron and steel and automobile in-! dustries and a further increase in the outout of coal and petroleum. | Employment in manufacturing in- | dustries decreased in July by less than1 | per cent, while a somewhat greater | decrease in pay rolls was reported. At this level factory employment and pay | Tolls, ‘as in earlier months, were larger | than in any other year since 1926. Insurance Goal Reached. The much-sought-for goal of one ! hundred billion dollars of legal reserve | Jite insurance in force in American companies has been achieved, according | 1o a survey by the Association of Life ! Presidents. | A hitherto unprecedented amount of ! new life insurance during the first seven | months of 1929 has resulted in the | £100,000,000,000 being reached two months earlier than was anticipated at the close of last year. Thirteen years ago—in 1916—when American life insurance was 73 years old, the total insurance in force amounted to $24,700,000,000. Thus it has more than quadrupled in less than | 13 years. While it took 79 years for life insurance in the United States to reach, in 1922. the first $50,000,000.000, the second $50,000,000,000 has been | achieved in a little more than six and a half years. The amount of life insurance in force | in the United States is more than twice the outstanding life insurance of all other countries of the world combined, | although the United States has only one-sixteenth of the world's population. | A. I. B, Committee Meeting. ‘The first general meeting of the edu- cational committee, Washington Chap- ter, American Institute of Banking, will be held tomorrow afternoon at 4:30 at the chapter headquarters to prepare plans for the coming season. Frank M. Perley, chairman of the committee; A. E. Henze, president of the chapter, and Audrey O. Dooley, vice chairman of the committee, held a preliminary informal meeting yesterday to prepare tentative matters for presentation to the com- mittee. The other members of the com- mittee are: Miss Esther Lau, Riggs National Bank, secretary; J. Fred Eng- + lish, Commercial National Bank; Rob- ert H. Lacey, Columbia National Bank; Robert E. Lee, Lincoln National Bank; R. J. Roberts, Riggs National Bank: Miss Mabel V. Royce, Washington Loan & Trust Co.; James A, Soper, Lincoln National Bank; Miss Mildred Wood- cock, American Security & Trust Co. Joshua Evans, jr, vice president of the District National Bank, will leave in a few days for a vacation, during which he will go to Norfoik, Rehoboth Beach, Del, and will be a delegate from this city to the national confer- ence on taxation at Saranac Lake, N. ¥. Clarence R. Norment, chairman of the board of the National Bank of Washington, has returned from a vaca- tion at Atlantic City. STEEL OUTLOOK GOOD. NEW YORK, August 28.—Reports from the Youngstown Steel district state that all indications point to an active Fall for the Midwest steel in- dustry. Buying by the Ford Motor Co. has sustained the high operations of the sheet and strip mills and other car manufacturers are now adding their quotas to this buying. Firm Increases Directors. NEW YORK, August 28 (#).—Direc- tors of the Dayton Airplane Engine Co. of Dayton, Ohio, have in the number of directors from 7 to 10. e SILVER QUOTATIONS. NEW YORK, August 28 (#).—Bar cilver, 52%. Mexican dollars, 397%. sk g Teith. Scotland, plans adl ,airport to ety s And A boats of ing cerviee. 3 136 102% Am Locomotive (8).. 81% 50 Am Metal (3).. 158% 81'4¢ Am Pow & Lit (11)... 103 98% Am Pow & Lt pf (6). 70 AmP&LDLA (3)... 78 Am P&L Df A st (5). 541y 40 Am Ra&Std San 1%. 64% 31 Am Republics....... 1345 106% Am Roll Mill (e2). 61 Am Safety Raz (15). 3215 Am Seating (%) 3 Am Ship & Com 9315 Am Sm & Ref (4).... 130 Am Sm & Ref of (7). 43% Am Snuff (n). 56 Am Steel Fdy 65 Am Stores (2). 715 Am Sugar Rfg (5). 111 104% Am Sugar Rfg pf(7 60 35% Am Sumatra (3)..... 30315 1931% Am Tel & Tel (9) 197% 160 Am Tobacco (8)... 12 160% Am Tobacco B (8). 13615 Am Type Fdry (8)... 7 67% Am Water Wks (e1). 114 15 Am Woolen.... 9 9 Am Writ Paper ctfs. 2 22% Am Zine LA&Sm. 905 Am Zinc Ld&Sm pf. 99 Anaconda Copr (7) 2% Anaconda W&C (3) 43 Anchor Cap 12.40). 44% Andes Copper (3) 29 Archer-Dan-M (2 8474 Armour Del pf (7) 10% Armour 111 (A) 80 R4y 124% 138 9% 85 24y 160 26% Art Metal (114) 4815 Asso ApplInd (4). 43 AssoDry G (2%).. 4 Atch T & S Fe (10). Atch T&SF pf (5) Atl Coast Line (110). i AN1G & W Lpf (4). 5313 Atl Refining (12). 90 Atlas Powder (4)... 17% 104 Atlas Tack..... 4641; 221 Auburn Auto (i4) 11% 5% Austin Nichol 3hla »x Autosales,. 610 Autosales pf 9% Auto-Strop Raz « Aviation Corp. Del. . e 66% 611 Baldwin Loco (new). 63 1401 115% Balto & Ohio (8).... 301 141% Balto & Ohio pf (4) 1 76% 4 Balto & Ohio fp (6). 7 14015 6413 Bang & Aroos (3%4).. 5 85l 331 Barnsdall ($2%).... 1% B 7% 115 20 ' 123% 116% Rethlehem St pf (7). 42i Bloomingdale Bros. 83% Borden Co (3).. 7713 Borg Warner (j4) 30% Briggs Mfg.... 133% 115% Bristol Myers(t4%). 1313 5% British Em Stl 2d pf. 737 39% Brockway M T 817 57% Bklyn-Manhat (4). 24815 170 Bklyn Union Ga 4 38% Brown Shoe (2%) 38' Bueyrusevpf (2%). 621 Burr Add Mach(80¢) 1 3% Butte Copper & Zinc. 6% Butte & Superior (2) 192% 120% Byers (A M).. 37% 31% By-Products Col #2% 72% Calif Packing (4)... 4 112 Callahan Zinc & L. 123 Calumet & Ariz (10) 5% Calumet & Hecla(4) Campbell Wyant (2 122% 120 42% 19'% Cavanagh-Dobb: 79% 52 Celotex (3). 56% 40% Cent RR of NJ (112). 8 Century Rib Mills 88% Cerro de Pasco (6).. 16% Certain-teed Prod... 195 Ches & Ohio (10). 79 Chesapeake Corp (3) 6% Chi& Alton pf. Chi & East 1. Chi Great Westn 43 27% Chi Mil St P&Pa 65% 46% Chi Mil St P&Pae pf. 103% 80% Ch1&NW (4)..c0ue 47 28% Chi Pneu Tool 56% 481 Chi Pneu T pf (3%) 142% 115 Chi RI&Pac (7).... 102% 98% Chi R1& Paepf (6). 108% 105% Chi RI& Pac pf (7). 50 36 Chickasha COil (3) 74% 44% Childs Co (2.40) 135 66 Chrysler Corp (3) 62% 49 Citylee & F (3.60).. 27 18% City Stores (1). 149% 120% Coca-Cola (4) 5 46% Coca Col 3 72% 41 Collins & Alkm: 78% 56 Colo Fuel & Iron 101 Colo & South (3). 531% ColumbG & E (2) 90% "86 Colum G&E pf B(5). 88% 55% Col Graph (29¢) 67% 61 Col Graph F P (29¢). 21915 121% Columb Carbon 4% . 62% 43 Com Credit \2). 50% 50 Comm Credit A. 2 209% 131% Coml Inv Trust (4). 326 62% 27% Com Inv Trst war 9 225% Com Solvents (h8).., 59% Conde Nast Pub (2) 19% Congoleum-Nairn 67 Cong Clgars (15%4) 60% Consol Cigar (7)., 22 Consol Film (2) 24% Consol Film pt (2). 95% Consol Gas (:). 851 6713 154 103% 1 50% 207% 130 79 Contl Insurance (2). 452 1 13 Contl Motors (30¢). 83 . Crosley Radio (11) 42% Crown Cork & Seal 18t% Crown Zellerbach (1) 85 Crucible Steel (5). % Cuba Cane Sugar. 2% Cuba Cane Sugar pf. 11% Cuba Co. Cuban-Amer Sugar 87% Cudahy Packing (4). 129 117 Curtis Pub.(16%)... 173% 136% Curtiss Aero 30% . 28% Curtiss Wright © 6% 37% 37 Curt WrightCorpA. 69 37h 37% - THE EVENING STAR, WASHINGTON, D. 4 1074 1245 28% 29 3 7% ~Py Hig] 101% 99 694 226' 385 11% 5414 126% 4%, 92 287 222 1% 242% 16% 108% 3Tk 58% 46% 1047% 55% 4% 8% 55 100 122% 388 1657% 22 43 105% 103'% 13;‘& . 1029 Low B84 63 <4214 182 & D Stock and Sales— Dividend Rate. Add 00. Hish. Low. Cutler-Ham (3%)... 2 95 Cuyamel Fruit. 22 101 9 49 48% T4 225% 220 327 162% 158% 340 Davison Chem. Delaware & Hu Del Lack & W (17) Detroft Edison (8) Dome Mines (1) Dominion $0d Drug Corpn (4) 271 118% 116% uth $ 8 & Atl. 1 3 34k Dunhill Inter (34)... 1 48 Duplan Silk (1)..... 4 22 Du Pont de N(t414). 141 219 Durham Hoslery.... 5 48'% 217 211% 5 Fastman Kod (18 Katon Axle & S (3).. Eitingon-Sch (2% ) Elec Auto Lite (6). Klectrie Elec Stor Bat (5) Endicott-John (5)... Eng Pub Serv (11).. Eng PubSve vf (54 ) Kquitable Bldg(2%) Erie R R. FrieRR1 ) Erie R R 2d pt (4). KEureka Vac Cl (4). 1 10k 5 39% Fairbanks Morse (3) 24 Fash Pk Assok2%). 3 % Fash Pk Asso pf (7). Fed Lt& Tre ($1%). Ked Motor Tr (80c).. Fid Phen F Ins (2) Filene's Sons. “eu. First Nat Stores 1% . Fisk Rubber, hmann (14) hmann ctfs t Florsheim Shos A. Follansbes (12% ). Foundation Co.... Fox Film A (4) Freeport-Tex S Fuller pr pf (8.68).. 467 3 103% Gabrlel Snub A ien Asphalt....... Gen Bronze (2).... Gen Cable . Gen Cable A (4) Gen Clzar (4) Gen Electrie (16) Gen Elec spec (60¢). Gen’'l Food Corpn (3) Gen Gas&El A (e1%) GenGas (B)........ Gen Motora (13.30) Gen Motors pf (7). Gen Outd Ad vte (2 Gen Public Serv(b§ Gen Ry Signal (5). en Refrac (14).... illette Safety R (5) Gimbel Brother Gimbel Bros pf (7) Glidden Co (m2). Gobel (Adolf) Gold Dust (2%4) Goodrich BF (4).. Goodyear Tire (5). Goodyear 15t pf (7). » Gotham Silk H (2%) Graham-Paige Graham-Paige et. Granby Consol (7).. Grand Unfon. Granite City Si Grant W T (1) Grt North pf (5). Grt North pfet (5). Grt Nor Ore (a1%).. Grt West Sug (2.80). Greene Can Cop (3). Grisghy Grunow Co. Gulf Mo & North. Gulf Sta Steel u)“ 4 fahn Dept Stores. .. Hahn Dept S pt(6%) Hartman A (2). Hartman B (1.20) Havana K Ry Hayes Body b8 % Helme (G W) (17 Hershey Chocola Hershey Choe pf Hoe (R) &Co.... Holland Furn (e2%). Houd Hersh B (1%). Househd Fin pf (3).. Household Prd (4). Houston Ofl......... THowe Sound (t434).. 23 Hudson & Man (234). 22 Hudson Manh pf(5).. 123% 121% 28 5% Hudson Motor (5) 71 1524 5% 8 24% 48 25 7% 45% 21% 26% 2% 5% 26 127% 10 81% 81% 125 42% T1% 48 Hupp Motor (£2). e 11linols Central (7)., Independ O11 & G (2) Indian Motor Cycl; Indian Refining. Indian Refining Industrial Rayon. Ingersol Rand (15% Inland Steel (3%).. Inspiration (4)... Interboro Rap Tran Intercontinental Rub Intl Agricultural.... Intl Business M (5). Intl Cement (4)..... Intl Comb Eng (2)... Int] Harvester (234). Intl Harv pf (7)..... Int Hydro El A (e2). Intl Match pf (3.20). Int Mer Marine etfs.. Int Nickel of Can(1). Intl Nick Can pf (7). Intl Pap & P A(2.40). Intl Pap & Pwr B. Intl Pap & Pwr C. Intl Pap & Pwr pf! Intl Print Ink (2%). Int Tel & Teleg (3).. TInter Dept St (2).... Inter Dpt S pf x w(7) Investors Equity(2). Island Creek Coal(4) 3 50% e 3 1% 41 197% Jewel Tea (3)....... Johns-Manville (3). Jordan Motor Qr‘ Kan City Sou (5). Kaufmann D8 (1 Kayser J & Co (5). Keith-Albee-Orph Kraft Ph Ch pf (6%) Kresge S S (1.60. Kress SH (1).... Kreuger & Tol(1.34). 309 Kroger Gr&Bak(c1). 18 Lago Ofl & Tran: Lambert Co (8). Libbey Owens (1) Liggett & My (15) Liggett & My B (15). Liggett & My of (7) Lima Locomotive. .. Liq Carbonic (t4%). Loew’s Inc (2). .. Loew’s Inc pf (64).. Loew'spf xw (6%). Ludlum Steel (3 Mac A & Forb(t: McCrory B (2) MeCrory pf (6)..... HMcKeesport T P (4). 3 McKesson & Rob (2) 25% Man McKes & Rb pf(3%). McLellan Strs (20¢ Mack Trucks (§). Macy (RH)&Co(et8) Madison Sq G (1%) Magma Copper (§). Mallinson & Co. Mandel Bros (2%). Man Elec Supply. Man Elev mod (d5) ire (2). Market St Ry pr pfe. Marlin-Rockw (14). Marmon Moter (4).. 98 66 235 230 4 17 16 17 4 17 a8 27 37 25 59 9% 16 28% 29% Prev. 98% 814 481 4 20 22385 1280 121% 28 122% a3 22 6% 87 5% 140% 6L 85% 6514 508 70% 193% 6% 103% 87% 88Y% 341 345 3 % 280% 227 16 17 7% 16 o 274 C. oy ~Prev. 1929 High 90% 72 Low, 80 56% 20 24 3% Metro Gold bf (1.89)" Mexican Seaboard. .. ofl Midland St pf +10%. Minn Moline Pwr Minn & St Lou Mo Kan & . Mo Kan & Tex pf(7). Missouri Pacific. .... Missour! Pac pf (5).. Mohawk Carpet 125 . Mont Ward (2% ) Moon Motor: Morrell J (3.60) Mother Lode (40¢). ., Motion Picture. Motor Meter G & E. Motor Products (17 Motor Wheel (4). Murray Corp (a3) Myer(FE)& Bro ( Nash Motors (8 Nat Acme (1%) Natl Air Trans. Natl Biscuit (16%). Natl Cash Reg A (14) Natl Dairy(cl%) Newton Steel (3).... N Y Air Brake (3). N Y Central (8) NYCh&StL (6).. N Y Chi & St L pf(6) NYNH&H (). NYNH&HDpf () N Y Ont & West. . Norfolk&Wstn(110). North Am(b10%stk) North Am pf (3). Nor Ger Lloyd(3.41). Northern Fae (5) North Pac ct (b) Norwalk Tir Oliver Farm Equip. Olivr Fr Eq pt A( Olivr Fr Ep ev pt(3). Oppenheim Col (5). Otis Elevator (§) 69 61 3 Pacific Gas & E (3).. Facific Lighting (3). Pacific Oil stubs..... Packard Motor (15). Packard Mot (new) Pan-Am Petroleum Pan-Am Pete B. Panhandle P & R. Paramount-F-L (3). Park & Tiford (13). Patino Mines (3.89). Peerless Motor Car. . Penick & Ford. . Tenn Coal & Coke Penn Dixie Cement. Penn Dixie Cm pf(7) Pennsylvania RR(4) Pere Marquette (3). Phelps Dodge (3). Phila Co 6% pf (3). Phila& Read C& 1. Philip Morris (1).... Phillips-Jones (3) Phillips Pete (1% Phoenix Hoslery 4 Pierce-Arrow A. . Pierce Oil...... .. Pierce Petroleum. Pillsbury FI (123%) Pirelli Co A (2.33). 4 Pittsburgh Coal Pittshurgh Coal pf. . Pittsbgh Screw & B. Pltts & W Va (6). Poor & Co (12). P Rican Am To (A)7 Postal Tel & C pf(7). Prairie Ol & Gas. Prairie Pipe L (14 e =TT Pub Sve NJ pf Pub Sve NJ pf ( Pub Sve E&G pf (6, Pullman Corp (4) Punta Alegre Sugar. PureOll (1%)...... Purity Bakeries (4). Radio Corp. Radio-Keith-O Railway & Exp (2) 4 Reading (4). Real Silk (5) . Reis (R) & Co Remington-Rand. ¢ Reming-Rnd 1at (7). Reming-Rnd 2d (8).. Reo Motors (+ Rep Brass Corp..... Rep Iron & Sti (4).. Reynolds Spring. ... Reynolds Th B(2.40). Richfield Ol (2)..... Rio Grande Ofj (k2). Ritter Dental (23%4). Rosaia Ins (2.20). Royal Bak Pwdr(1). Roy Bak Pow ctfs(1) Royal Dutch (a3. Safeway Stores (3).. St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pf (8) St L Southweéstern. . Savage Arms (2). Seaboard Air Line pf Seagrave (1.20). Sharon Steel H (3).. Sharp & Do pf (3%3). Shattuck F G (2 Shell Unlon (1.40) Shubert Theater (5). Simmons Co (3)..... 1 44 44 89 134% 131% WEDNESDAY, AUGUST 28, 1929. Sparks FINANC TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Slons-ShefMeld pf (1) Snider Packing. . .... Solvay Am In pf §%. So Porto R Sug t2%. Southern Cal Ed (2). Southern Dairies B Southern Ry pf(5).. Spang-Chalfant..... ‘Withington. . Spencer Kelg(1.60).. Spleer Mfg......... Spicer Mg pf (3)... Splegel-Mav-St (3) Stand Com Tob (1).. Stand Gas & El (3%) 208 Stand G&Epf (4)... 4 Stand O11 Calif (13). Stand OiI N J (12)... 206 Stand OI N Y (1.60). 212 Stand Plate Gla; i Sterling See (A). Sterling Sec pf 11 Stewart Warnr(3%) Stone & Webster Studebaker (15) Submarine Boat Sun 011 (g1).. 9% 16 149% 657 25 Superior Oil (new). Superior Steel . Sweets of Amer (1).. 7% 14% T Telautograph (1)... Tenn'Cop & Ch (1,.. Texas Corp (3)..... Tex Gu 1t Sul (4).... Texas P C & Ofl (h5) Texas Pac Land Tr. Thatch er Mfg. Det Ax(80e) Timken Roller (3). Tobacco Prod 1.40 Tob Prod ctfs 1.40 Tobacco Pr A (1.40) Tob Prod ctfs A1.40 Toh Prod dv ctfs Transcontinental. 4 Trico Prod (234).... Truax Traer (1.60).. riscon Stl (11.20) .. Unfon Carbide(2.60). 121 Union Oil Calif (2).. 55 Union Pacifie (10) 72 400% | 40 2974 5 | 157% 162 89 | United 127% 3 i 1467 | 4 Union Pacific pf (4). Union Tank Car(6).. 1 % Utd Alrcraft&Trans, 109 TUtd Afrcraft&T pf 3. Utd Biscuit (1.60) Utd Biscuit pf (7) Carbon. . 17td Cigar Stor: 1itd Cgr Stor ctfs(1) 1td Corporation Utd Corp pf (3). Utd Eleetrie Coa % Utd Fruft (c4)...... ! 1td Gas & Jmp (1).. U S Distributing.... 17 8 Txpress. . U S & Foreign Secur. L USF reight. .. U S Hoftman (4) 17§ Ind Aleo (6) 1S Leather.. U S Leather A (4) S Leather pr pf(7) 178 Pipe & Fary 178 Pipe 1t pf (1. 4 1S Pipe 2d pf (1.20) U S Realty (5) . U S Rubber. U S Rul bber 1 U'S Smelt Ref (3%). U S Smelt Ref pf 3% U S Steel (7). U S Steel pf (7). U S Tobacco (3)... Unly Leaf Tob (3) Univ Pipe & Rad Vadsco Sales. Vanadi um (14). Viek Chemical (4) Virginia-Car Chem Virgl -Car 6% D! Wabash. e Waldorf Systm (1%) Walworth (1.20).... Ward Baking B..... Warners Bros P {33 Warn Br P pf(2.20).. Warner-Quinlan (2). Warren Bros (15)... Warren Fdry & Pipe. Webster-Eisenlohr. . Webster-Eisen pf(7) Wess Oil & Snow (2) 142% 85% 51% Yellow Young 15 10:30 AM.,eoeeno 0 P.M. Dividen es cash payments based iaration. sUnit 1n stoc 44 43 132% 131% SP&EW (12%). Young Sheet & T (5) Zenith Radio (2) Muriay 4% Stand Gasrts Aug.31 153 1% U S Freight. . Aug 30 161 Sales of Stocks on New York Exchange. . 2.795.800 a3 given in the above tabl, on the Iatest quarterly or half ye of trading less than 100 shares. 1P e 3" h ‘Dreterred stock. Tetus L tn Dairy (B). rn Maryland.. tern Union (8).. tngh Air Brk(2). Westngh EI&M (4).. Westvaco Chlor (2). White Eagle Ol (2). ‘hite Motor (1).. .. White Rock M S ($). White Sewing Mach. * Wilcox Oil & Gas. Wilcox Rich B (c2). Willys-Over (e1.20). Wilson & Co. Wilson & Co A Wilson & Co pf Woolworth (2.40)... Worthington Pum) 13415 85% 36% 558 165 Truck & C. .. 44y % 5% 150 2% Corp 591,900 12:00 Noon. 0 P.M.. y dec- extrs T ok ock. . ¢ Plus % in cash or stock. Plus 2% in stock. b Payable in regular rate. en & Payable ock. ock. Wall Street Briefs By the Associated Press. The Guaranty Trust Co. of New York has received a shipment of $1,9%0,000 in gold from Buenos. Aires, ' Benjemin B. Kahane, formerly of Chicago, was today elected general counsel of the Radio-Keith-Orpheum Corporation, succeeding Maurice Good- man, resigned. to the belief in quar- ters l:"."thi stock mlrntm!:'?lr this ear has been rampantly bullish, the idland. Bank of Cleveland pointed out in an analysis today that out of the en- tire list of stocks traded in on the New York Stock Exchange, 614, or more mnwpu'um,wmlomonAucun 21 than on January 2, and that only had advanced during that period. UNITED RAILWAYS REPORT. BALTIMORE, August 28 (Special).— ‘The July statement of earnings of the United Railways, which controls the trolley systems of Baltimore, shows an | increase in net over the corresponding month for 1928. after charging off the added amount of deprecial ordered by the Public Service Commission. This is the fifth consecutive month in which the United Railways has shown in- creased net income, and these increases are slowly absorbing the decreases sus- tained in January and February, before the fare was increased to 10 cents with 4 tokens for 35 cents. ~The increase in net for July was $1,256.68 over July, 1928, after setting up $66,138.54 e for depreciation in July, 1929, than July, 1928. Gross earnings last month mpued"ntll:'u‘:' 3 1'9‘2‘: of $207,233, - with July, z For the seven months’ period of 19 United Railways’ passenger revenue has increased. $211,699.38 and es in ent have saved opera POTATO MARKET. CHICAGO, August 28 (#) (U. 8. De- partment of Agriculture).—Potatoes— | Receipts, 103 cai on track, 318 cars; total United States shipments, 544 cars: demand fair, market slightly stronger on good stock; Wisconsin sacked round whites, 2.25 to 2.60; sacked Triumphs, 2.00 to 2.35; Minnesota sacked round whites, 2.15 to 2.35; sacked early Ohlo's, 1.95 to 2.10; Nebraska sacked Irish cob- blers, 2.20 to 2.40. o REVENUE FREIGHT LOADINGS. By the Associated Press. Revenue freight loadings are by the American Railway Aml:m have exceeded the million-car mark during the latest week reported, ending August 17. The comparative figures on carloadings fer that week, the preced- ing week and the same week a year ago ere. 100,267 cars /090,616 cars 066,828 cars Seeks Intrastate Permits. BALTIMORE, August 28 (Special). ;mm blic_service commission ~will ber 25, on the Bus Line of ryland, Inc., for in- trastate permits for the tion g rmnE n Sa Maryland-District of Columbia line via md.m' Havre ‘:n Grace, Philadelphia The United Carbon Co. has called for redemption on October 1 its first 7 per cent bonds, of which there are about $494,000. outstanding - y 0 | TAC.’ STOCKS IRREGULAR INHEAVY SELLING Market Sags in Final I?eal; ings as Profit-Taking In- creases. BY STANLEY W. PRENOSIL, Associated Press Pinancial Pditer. NEW YORK. August 28.—The stock | market apparently recovered from fts money scare today, when agressive ! bullish demonstrations were conductad |in the ralls and specialties. Little progress was made by such groups as the ofls, motors, steels and equipments, | and there were few points of weaknass. Pool operations provided the back- | ground for the advance, although ey | eral of the large commission houses re- % | ported an increasing odd lot business from small traders and investors. The high rate of business and indus- { trial activity was stressed by operators { for the advance as the basis for: their campaign. Considerable emphasis. wns laid on the steady increase in freignt car loadings, which is constructed as an indication that a large volume of gooris is moving into consumption. The market succumbed to a wave of profic_taking and short selling in th~ last hour, under which many high- | priced shares dropped from 3 to 6 point+ below their best figures. American Can International Telephone & Telegrapi and Montgomery Ward were heavy, Coppers also were sold liberally. Th~ ! close was irregular. Opening Is Strong. Bullish forees were again in control {of the price movement at the openins. Corn Products and General Ameriean Tank each opened #t new high record . Stone & Webster showed #n initial lof 3 points 2nd Americen Can. T: | Roller Bearing, Howe Sound and |son advenced a point or more. Pean- | svlvania Railroad crossed 107 to a ne i high record. an overnight gain of mor than 2 points. Operaiors for the advance were aidect a series of constructive overnic | news developments. TJ included Hague dispatches indicating that an agreement had bsen reached on th~ reparations problem. publication of an- other excellent car loadings report. and the calling for redemption of boads of | subsidiary companies of the United | States Steel Corporation. | Rails started upward with a ruch. | The first, sale of New York Central was a block of 10,000 shares at 2435, which {was_quickly followed by a run-up 1o | 2493,, an overnight gain of 6% pointz. Unlon Pacific moved up 3 points to a {new top at 2013 and Lackawannn, Chesapeake & Ohio and Atchison ex- tended their gains to 2 points or more before the end of the first half hour. | Selective buying continued in the oft | group despite reports of another sharp increase in the daily average of erud~ !oil production last week. Transconi | nental opened with 2 block of 15.000 | shares at 147, duplicating the hizh | record established yesterday. | Merchandising Shares. Insurance shares moved upward in reflection of the material gain in the { market value of their security holdings. Fidelity-Phenix. Ro: and National Surety each recorded early gains of 2 points. Merchandising shares also responded + | to reports of excellent early Fall goods trade. R. H. Macy jumped 3 poinis to | a new top at 230 and early gains of 2 |to 4 points were recorded by Abraham | & Straus. Safeway Stores and Mont- omery Ward. | Foreign exchanges opened firm, with sterling cables unchanged at $4.84 25-32, ‘RED SQUILL IS HELD BEST POISON FOR RAT BROODS Recommended by Agriculture De- | | { | partment for Eradicating Foe to Health and Farm Products. | _Nothing good can be said of rats. The United States Department of Agr | culture estimates that on the average every rat in the United States dors damage amounting to fully $2 a vear, !and that there are at least as many 1ats as human beings in this country, | Altogeher 100 many rats levying this tax on national production. Their economic wastefulness requires vig- orous measures for their control. In addition to the physical damage rats do by destroying food and prop- erty, the Bureau of Biological Survey points out that they are a serious men- !ace to the health of the Nation. Rats are known to spread trichinosis and {to carry bubonic plague and other diseases, either directly or by means of the fleas that live on them. It is not easy to kill ra ‘They | avoid their natural enemies and they {are careful and cautious. If their su: picions have been aroused they refuse to eat many tempting bits of food containing rat poison. Poisons set fof rats sometithes have killed other anie mals or children. Phosphorus is a men« 1ace, as it may set fire to buildings or field grasses. Arsenic and barium car- bonate are dangerious to other ani« mals. Thallium is particularly dan= gerous and it is costly, as the supply is limited. Red-squill powder, in the opinion of the Biological Survey, is, if properly . | prepared, one of the most satisfactory rat .poisons now. known. Cats, dogs, and other animals usually refuse to eat the material because it causes a tingling ‘and irritation of the throat. It is full of small crystals of calcium oxalate. Rats pay no attention to this feature, It poisons rats, but chickens can eat it without harm. It is a brown powder and can be mixed with the feed the rats ordinarily favor. 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