Evening Star Newspaper, November 20, 1929, Page 14

14 %% FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, NOVEMBER 20, 1929. WALSON RETAINED AS EXCHANGE HEAD Liberty National Bank Presi- dent Re-elected at An- nual Meeting. BY EDWARD C. STONE. George O. Walson, president of the Liberty National Bank, was re-elected president of the Washington Stock Ex- change at the annual meeting held this noon following the regular trading ses- sion. Edward L. Hillyer, vice president of the Union Trust Co. was re-elected vice president of the exchange, and C. J. Gockeler, vice president of the Dis- trict National Bank and for many years secretary of the exchange, was again accorded that honor. Lawrence A. Slaughter, vice president of the Commercial National Bank, asked to be relieved of the duties of treasurer. James M. Johnson, member of the in- vestment securities firm of Johnson & Co., was elected to fill this important position. The terms of office of C. C. Glover, jr., and Y. E. Booker on the board of gov- ernors expired and both were re-elected. Following the annual meeting the board of governors met and re-elected Eugene E. Thompson chairman. The annual reports showed the local exchange to be in_excellent condition. As treasurer Mr. Slaughter turned in an interesting financial statement and Secretary Gockeler made a report show- ing that the membership is up to the limit of 40 and that several important issues have been added to the trading list during the year. Seats on the cx- change last sold around $4.500, a higher price than has prevailed for several years. Tportant Year for Exchange. President Walson and the other offi- cers have received many congratula- tions on the successful year just passed. Business on the local board has been much larger than a year ago. Trans- actions in the Summer were far ahead of the record for several years, while some of the recent sessions have establishd new high records for one day's trans- actions. The trading has displayed marked growth in bond dealings, bank and utility stocks have taken a strong ition out front, and the miscel- aneous list has played its full part in the year's business. The officers of the exchange express great gratification over the manner in which local securities behaved during the terrific zreak in the New York Stock Market. Stocks and bonds naturally sold off, but there were no wide-open breaks such as occurred on most of the other smaller exchanges in the country. No- body tried to take advantage of the weakened speculative structure which prevailed all over the country. Presi; dent Walson considers the tone main- tained here during the New York crash as the outstanding feature of the past year on the exchange. Business Setback Discounted. “Business apparently reached its top for the current cycle in August and when the market broke reactionary trade_signs were already apparent.” says E. A. Plerce & Co. “For example, % 60 310% 23215 235 121% 181 104% the line of bullding contracts dipped below the 1928 line in August. Steel roduction reached its top in May, as & frequently the case, and then reached a secondary peak in August, from which date it turned sharply downward. ‘Wholesale prices have shown a sagging tendency since the middle of the Sum- mer and in respect of one of our largest and most important industries—the tomotive industry—Detroit factory employment turned down in August and dipped below 1928 figures, Few will deny the fact that common stock prices in the main have not only discounted a mild business setback, but also one of a more lasting and serious character.” Perpetual Elects Officers. The annual meeting of the share- tholders of the Perpetual Building As- sociation resulted in re-election of the following officers and directors, officers being members of the directorate also: James Berry, president; Arthur G. Bishop, vice president; Joshua W. Carr, secretary; Marvin A. Custis, treasurer; Edward C. Baltz, assistant secretary; John C. Scofield, Vernon G. Owen, Franklin W. Harper and Raymond K. Espey, directors. The association closed its fiscal year with assets of $20,900,000. Fleming Attends A. B. A. Meeting. President Robert V. Fleming of the Riggs National Bank is in New York today attending a meeting of the special committee on national bank research appointed at the last meeting of the American Bankers' Association in Los Angeles. This is not a regular standing committee of the association, but a spe- cial body of bankers named to make a special study of the national banking system and see “what can be done to prevent further deflections from it. The administrative committee of the A. B. A s also holding a session in New York at this time. Mr. Fleming will remain in New York for the annual dinner of the New York Bankers’ Forum, which will be addressed by John G. ZLonsdale, new president of the Ameri- can Bankers' Association. It will be his first important speech since taking ‘office. New Study of Earnings Urged. E. Joseph Aronoff, resident manager of the banking house of Strabo V. Claggett & Co., said today that extra caution should be exercised in selecting securities for quick enhancement in values. “As a mater of fact,” he con- tinued, “greater care must be exercised at present than at any time during the Jong bull market which concluded with the recent disastrous break. There are unqustionably many bargains to be had, but the prospective investor must not reach his decision on the basis of 1929 earnings. Rather should the present price of the stock be projected against next year's earnings in determining whether or not it is cheap. “Many of the luxury stocks will find hard sledding in staging a comeback as will also some of the utility stocks, due o the fact that even at the end of the recent bear market the latter are slllv! too highly priced based on earnings. Trading Light on Exchange. Trading was very light on the local Exchange today, largely on account of the annual meeting. Riggs Bank stock sold at 535, Mergenthaler at 10273, Po- tomac Electric Power 5, per cent pre- ferred at 103 and 103%;, and Liberty National Bank at 210. Only two bond issues changed hands. CONSOLIDAED GAS. BALTIMORE, Md., November 20 (Spe- eial).—Directors of the Consolidated Gas, Electric Light & Power Co. of Bal- timore yesterday declared a quarterly dividend of 90 cents on the common stock, payable January 2 to stock of yecord December 14. This declaration raises the annual dividend rate of the stock from $3 to $3.60. The regular quarterly dividend of $1.25 on the 5 per cent preferred, series A; of $1.50 on the 6 per cent preferred, series D, and $1.37); on the 52 per cent pre- ferred, series E, were also declared, pay- able January 2 to stock of record De- cember 14. —_— ‘When Mme. Gopper, a wealthy Bra- gilian, was. waiting for a taxi to take her home from a theater in Paris recently, she discovered that her pearl necklace, valued at $8,000, had disappeared. TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co) e Maturity.. it Ofer. 867% 627% 7% 140 17% 11% 424 65 20 66% 145% 80% 90% 49% 09 50 5% 135 62% 27 61% T2% 164% s Dec. 15. Dec. 1b. 5, 6. 5, 5, 5, 110% 28% 209 161 8 105 FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Stock and w Dividend Rate. 364 Abitibi Power & Pap 69 Abitibi P & P pf(8). Abraham Str Adams Millis (2). Advance Rumley. Advance Rumley pf.. % Ahumada Lead..... 77 Alr Reductn (t434). 20% Alr Wal E1 Ap(2%). 2 Ajax Rubber.. 4% Alaska Juneau. 5 Albany P W Paper.. 17 Alleghany Corp..... 90 Alleg Corp pf (5% ).. | 118% 100% Alleg C pf rets(5%). 8 197 Allled Ch & Dye (6). 118'¢ AllledC& D pf (7)., 351 Allls Cbhalm (n) (2) 24 Amal Leather pf 7t Amerada Corp (2 4 Am Agricul Chem 18 Am Agricui Ch pf. Am Bank Note(ft3) 714 Am Beet Sug 27¢ Am Bosch Magneto. 40'3 Am Brake Shoe 2.40. 44 Am Brown Bov Elec. 86 75 27 Am Chicle (2). 20 Am Com Alec (k1.60). 23 Am European Sec... 50 Am & For Power.... 10116 Am&Forn Pwr pf(7) 8614 Am&For Po 2d pf(7) 19% Am Hawallan (1). 3% Am Hide & Leather.. 40 Am Home Prd (3.60) 29 American Ice (3).... 86 Am Ice pf (6). 29% Am Internat (32). 2 Am La F & Foamite. 90 Am Locomotive (8). 111% Am Loco pf (7). 3113 Am Metal (3). 106 Am Metal pf (6) 4 644 Am Pow & Lt (11) 92% Am Pow & Lt pf (8). 28 Am Ra&Std San1%. 121 Am Republics. 60 Am Roll Mill (¢2). 41 Am Safety Raz (16 35% Am Steel Fdy (3). 40 Am Stores (12%). 56 Am Sugar Rfg (5)... 99 Am Sugar Rfg pf(7). 18 Am Sumatra (3) 193% Am Tel & Tel (9) 160 Am Tobacco (110). .1 160 Am Tobacco B (110). 114% Am Tobacco pf (6)..: 115 Am Type Fary (8)... 50 Am Water Wks (el 97 Am Water W 18t(6; 5% Am Woolen. . 15% Am Woolen pf... Am Writ Papr pf (3) 49% Am Zinc pf (6). Anaconda Copr 75 Armour Del pf (7). 5% Armour I11 (A).. 2% Armour Ill (B) Armour Il pf (1) 7% Arnold Constable. 20% Art Motal (1%).... 34 Asso Appl Ind (4). 25 AssoDry G (2%) 70% 298% 195% Atch T & SFe (10) Atch T&SF pf (6)... Atl Coast Line (110). 99 80 Atl Refining (12) 67 Atlas Powder (15)..1 Atlas Tack. 49% Austrian Cred (4. 5% Aviation Corp. Del. 15 Baldwin Loco (new). 105 Baltimore & Ohio (7) 75 Balto & Ohio pf (4).. 55 20 55 15 7314 Beatrice Cream (4).. 45 Beechnut Pkg (¢3) 5% Belding-Heminway.. 75 ~Belg Nat Rys pf 5.49 Bendix Aviation (2). 182 14 1 1 53 Borden & Co (3). 26 Borg Warner (4) 5 Botany Con M (A)..: 814 Briggs Mfg. . 20 Briggs&Stratton(2). 1% British Empire Steel 14 Brockway M T . 40 Bklyn-Manhat (4)... 76% Brooklyn Man pf(7). 44 Bklyn&Queens pf(4) 99 Bklyn Union Gas (6) 36 Brown Shoe Co (3).. 16% Bruns-Balk-Col(3).. 14 Bucyrus Erie (1).... 26% Bucyruscv pf (2%4).. 9 Budd (EG) (t1%)... 25 Bullard Co (12). 21% Bulova Watch (3 88 Burns Bros A (8) 22% Burns Bros B. 29 Burroughs AM(t1. 81% Bush Term (2)..... 2 Butte Cop &Z (50c). 5 Butte & Superior (2) 50 Byers (AM)........ 20 By-Prod Coke (1)..u 63% Calif Packing (4). 1 CallahanZinc & L... 731 Calumet & Ariz (10). 25 Calumet & Hec (4%) 20 Campbell Wyant (2), Canada Dry G A (5). tan Pac (10) Capital Adm (A) Capital Adm A pf 130 Cas 31 Celotex (3) 21 Cent Aguirry 27t Cent Alloy Steel (2). 240 Cent RR of NJ (112). 52V Cerro de Pasco (6) 11% Certain-teed Prod. 471 Certain-teed pf.... 18 Checker Cab Mfg Co. 160 Ches & Ohio (10).... 42% Chesapeake Corp (3) 4 Chi&Alton... . 3% Chl& Alton pt. 7 ChiGreat Western 17% Chi Great Westn pf.. 16 Chi Mil St P&Pac... 281 Chi Mil St P&Pao of. 75 Chicago & N W (5) 134 Chi&N W pf (1) 21% Chi Pneu Tool.... 47 ChiPneuTpf (3%). 101 ChiRI1&Pac (7).... 100 Chi R1& Pacpf (7). 27% Chickasha CO1l (3).) 44% Ch1lds Co (2.40)..... 26 Chrysler Co 39% City Ice & ' (3.60) 74 City Stores (1)...... 5 Clark Equipment (3) % Cluett Peabody (6).. 101 Coca-Cola (4). . 44% Coca Cola A (3). 10 Collins & Atkman... 27% Colo Fuel & Iron.... 52 Col Gas & El (2) 99% Col Gas & E1pf A 6). 424 Col Gas&E rets ptpd. 50 Col G&E rets full pd. 16% Columb Graph(87c). Columblan Carb(16). 18 Com Credit i2)... 28 Comm Credit A (3).. 28% Comm Invest Trus! 20% Comm Solvents (n).. 10 Commé&So(b5%stk) 4% Contl Baking B. 795 Contl Baking pf (8) 38 Contl Bank (1.20) 464 Contl Insurance (2).. 6% ContlMotors (800) . Bang & Aroos (3%).. ai Bates— Prev. Add 00. High. Low. Close. C|_?so 9 o e Saw Y. R~ TS T8 5~ =P AU ST, 825 2 5 28 17 30 156 9 2 63 roce » ase RopwrnnItBwwlTocon 58 88 4 9 5 13 1 3 8 1 81 4 Prev. 1920 Stock and High. 394 41 763 684 26% 21% 13% 20 Conti Ol of Del. Corn Prod (13%) Coty Ino (22).. Cream of Wheat ( Crossley Radio (21). Crown Cork & Seal. . Crown Zellerbach (1) Crucible Steel (5). Cuba Cane Sugar.. Cuba Co. . Cudahy Packing (4 Curtis Publishg (17) Curtiss Wright Corp. Curt Wright Corp A. Cutler-Ham (3% ). Cuyamel Fruit.... Davison Chem. Debenhams (a2.31).« Delaware & Hud (9). Del Lack & W (17) Den\ & RG W pf.... Detrolt Edison (8)... Devne & Ray A (13). Dome Mines (1)..... Dominion Strs(1. Drug Corpn (4) Dunhill Inter ($4)... Duplan Silk (1). Dupont De N (+ Dupont d N deb (6).. East Roll Mill (1%). Eastman Kodak(18). Eaton Axle & S (3).. Eitingon-Sch (2%).. Eitingon pf (6%)... Elec Auto Lite (6)... Electric Boat El Pwr & Lt (1). El Pwr & Lt pf (7) Elec Stor Bat (5) Elk Horn Coal. Emmerson-Brnt A, Emerson-Brat B. Endicott-John (6). Eng Pub Serv (11).. Eng Pub Sve pf (5) Eng Pub Sve of(5% Equitable Bldg(2%) Erie R R. .. Erfe R R 1st pf (4) Evans Auto L(12%). Fairbanks Morse (3) Fash Pk Asso(k2%). Fed Motor Tr (80¢).. Fed Watr Ser A 2.40.. Fid Phen F Ins (2) Filene’s Sons. . . Filenes (ctfs) . First Natl Strs (1%) Fisk Rubber. Florsheim She Follansbee Bros( 351 ate 81% 5T Freeport-Texas ( Gabriel Snub Gamewell Co (§ Gen Am Tnk Car(34) Gen Asphalt. Gen'l Food Corpn (3 i Gen Gas&El A (e1%) Gen Mills (13%). Gen Mills pf (6). den Motors (13605 Gen Motors pf (7)... Gen Outd Adv A (4). Gen Outd Ad vtc (2). Gen Public Serv(bs) Gen Ry Signal (5). Gen Refrac (14%).. Gillette Saf Raz(c5). Gimbel Brother: Glidden Co (m2). Goodrich pt (1) Goodyear Tire (5). Goodyear 1st pf (7) Gotham Siik H (2% Gould Coupler Graham-Paige. Graham-Paige ct. Granby Copper (8).. Grand Stores (e1). Grand Unton.... Grand Unfon pf (3) Granite City Stl (4)« Grant (W T) (e1) Grt North pf (6). .. 515 Grt North pf et (5) Grt Nor Ore (al% Grt West Sug (2.80). Grigsby Grunow (2). Guantanamo Sugar. Gulf Mo & North. Gulf Mo & N pf (6) Gulf Sta Steel (4) Hahn Dept Stores. Hahn Dept 8 pf( Hart A (2). Hartman B (1.20 28 14% 20 3 Hershey Choo Dt (4). Hershey Ch pr pf(8). Holland Furn (e2%). Houd Hersh B (1%). Hsehld Fin pf $3.10.. Household Prd (14) Houston Ofl. . . Howe Sound (14%).. Hud&Man Ry (3.50) . Hudson Manh pt (6) . Hudson Motor (6). Hupp Motor (£2). 1liinots Central (7 Indian Refining ct. Industrial Rayon. Ingersoll-Rand t6% . Inland Steel (33%). Inspiration (4).. Interboro Rap Tran.. Intercontinental Rub Iatl Cmb Eng pf (1).. Intl Harvester (2%). Intl Harv pf (7)....e Int Hydro E1 A (e2). Intl Match pf (3.20)., Int Mer Marine etfs. Int Nickel of Can(1 Intl Pap & P A(2.40 Intl Pap & Pwr B. Intl Pap & Pwr C. Intl Pap & Pwr pf(7) Intl Printing Ink(3) . Intl Rys Cent Am Intertype (f11%) Investors Equity (3 Island Creek Coal(4) Jewel Tea (4).. Johns-Manville (3) Jordan Motor Car. Kan City Sou (6). Karstadt (Rud.) I Kaufmann DS (1%). Kayser Julius (4)... Keith-Albee-O pf (7) Kelly-Spring Tire. Kelsey Hayes (2) Kelvinator Corp. .. Kennecott (6).. Sales— Dividend Rate. Add 00. High. xf‘v Close. 154 @ . CISTYS) moRoweRoXaon e =an 24% 247 Kreuger & Tol(1.34). Kroger Gr&Bak(c1). Lago O1l & Trans, 5 21% 106 101% L.l =1. Lehigh Valley Coal. . Lehigh Val Lehn & Fink (3). Libbey Owens (1). y (3%). Inc ptf (6%) Loft Inc Loose-Wiles (2. Lorillard (P) Co. Loulsiana Ofl.. LouG &El1 A (1%) Louis & Nash (7). Ludlum Steel (3) McLellans S(A)m20. Trucks (€).eee Prev. Close. 23% Stock and Bales— Dividend Rate. Macy (RH)&Co(ct3) :nduon SaG (1%)., —1029—\ High. Low. 255% 110 11% 35 (3 20 19% 24 19% 21 Man Shirt (2).. Market St Ry pr pf.. Market St Ry 2d pf.. Marlin Rock (13%) Murmon Motor (4). Martin-Parry....... Mathieson Alk (e2).. May Dept Stors(c2). 4% Maytag Co (12)..... Maytag Co 1t pf(6). % Maytag Co pf (3).... . Melville Shoe (1.40). Mengel Company (2). Mexican Seaboard Miami Coprer (4) % Middle States Ofl ct. Miller Rubber. . Minn Moline Pwr, Minn & St Lot Mo Kan & Te: . Mo Kan & Tex pf(7). Missouri Pacific. . Missouri Pac pf (5) Mohawk Carpet 12% . Monsanto Ch (g1%). Montgomry Ward(3) Moon Motor (new).. Morrell J (3.60).. Mother Lode (40c). . Motor Meter G & B. . Motor Products 110 Motor Wheel (3). Mullins Mfg Murraay Cor Myer(FE)& Bro ( ih Motors (§)... Natl Bella Hess(11). Nat Biscult (17%).. Natl Biscuit pf (7). . Natl Cash Reg A (14) Nat Dairy (32). Nat! Dept Stores Natl Distillers NatlEnameling Natl Lead (5).. 1 Pwr & Lt ( 1 Radlator. . Nat Supply (110) Nat) Surety (5). Nat Tea Co (2). Nevada Copper (3).. Newton Steel (3). 3) 132% 130% 104 111% 109% 15 20 Chi & St L pf(8) NY NH & Hart (6).. NH&HDf(T) N YOnt& West..... Norfolk South (2%). Norfolk&Wstn(12). North Am(b10%stk) North Am pf (3) 3 North Am Ed pf Northern Pac (5) North Pacet (5).... Nor Ger Lloyd(3.41). Oliver Farm Equip. .. Olivr Fr Ep ev nt(3), Olivr Fr Eq pf A(6) Omnibus Corp. . Otis Elevator (18). Otis Steel (234)..... Owens 111 Glass (4).. Pacific Gas & B (3). Pacific Lighting (3) . Pac!fic Ofl stubs. Pan-Am Pete B. Panhandle P& R.... Paramount-F-L (3).. Park & Tiiford (33). Park Utah.. Pathes Exchange Pathe Exchange A. Patino Mines (3.39) Penick & Ford Penney (JC). Pen (JCO)pf A Penn Dixle Cement. Penn Dixle Cemt pf. Pennsylvania RR(4) ple’s Gas Chi (8), Pere Marqustte (18). Pet Milk (1%) Phelps Dodge (3).... Phila Co 6% nf(.I;. o Philip Morr! Phillips-Jon Phillips Per PierceOfl...... Plerce Petroleum Pillsbury F1 (12%) Pirelli Co A (2.88). Pittsburgh Coal. . Pittsburgh Coal pf. . P Rican Am To (B).. Postal Tel & C pf (7). Prairie O%G (12%).. Plpe L 4% Steel Car. Pressed St1C of (7). Proc & Gamb! Prod & Refiner. Pub Svo E&G pf(6) Pullman Corp (4) Punta Alegre Sugar. Radio-Keith-Orpl Raflway & Exp (2).. Raybestos Manhata, Real Silk (5). Rem Rand (50¢) Reming-Rnd 1st (7).« Reo Motor (11.40) Rep Brass Corp..... Repub Ir & Steel(4).. Reynolds Tb B(2.40). Rhine West (1.92) Richfield Of] (2)...e. Rio Grande Ofl (k2) Royal Dutch fa3. Sateway Stores (3)., St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pf (6) St L Southwestern. . St L Southwn pf (5)« Savage Arms (2). Schulte Retall Strs.. Seaboard Alr Line. Seagrave (€1.20).... Sears Roebek (1234). Sec Natl Inv pf ctfs.. Seneca Copper. . Servel Ine. . Sharon Steel H (2). Sharp & Dohme..... Shattuck (FGQ) (1 Shell T&Tra(a2.40) Shell Unon (1.40) Shubert Theater ( Simmons Co (g3)... 225 - Add 00 }gxh, Low. Closs. Close. 1 51 j 2814 11% 11% 20 41 6544 18% 17% 18% 13% 16% 190 1004 100% 91% 89% 881 86% 47T% 4T% 16% 14% 32 72 234% 230 34% 334 B55% 55 54ts b4 3 1 16% 16 61% 62% 61% Bl% B0 30% 314 31% 28% 28% 7% 77 26 22 85 224% 224% ~Prev. 1029~ High. Low. 40% 15 45 21 111 103 Sinclair Ofl of (8)... 461% 23 Skelly Ofl (2) Stock and Dividend Rate. Simms Pet (1.60) Prev. 0 148 148 145 y 23% So Porto R Sug 12 45% Southern Cal E4 l; Southern Rwy (8)... Southern Ry pf(5) Sou Ry M & O ct (4). Spalding (AG) (2)... 15 Spang-Chalfant. 1814 Sparks Withngtn(1) 20 Spencer Kelg(1.60).. 21 Splcer Mfg. . 40 Splegel-Mav-St (3).. 20 Stand Brands (1%).. 8 Stand Com Tob (1).. 73% Stand Gas & El (3%) 5815 Stand G&E pt (4)... 10 Stand Inv Corp (b§). 51% Std Oll of Cal (h2%) 48 Stand OIINJ (12) 31% Stand OIIN Y (1.6 1% Stand Plate Glas: 20% Starrett(L$)Co(2) 8% Sterling Sec A)... 815 Sterling Sec pf(1.20). 31 Sterling Sec cv pt(3) 30 Stewart Warn(j3%). 64 Stone & Webster. ... 384 Studebaker (35) . 1 % Submarine Boat 55%'Sun Ol (p1). 5% Superior Ofl. 15 Superior Steel 314 Symington.... 6% Symington A.. 15 Telautograph 11.05.. 9% Tenn Cop & Ch (1).. 50- Texas Corp (3). 28% 19% 40 3% 16 174% 16'% Thatcher Mfg.. 85 Thatcher pf (3.60)... 29% The Fair (2.40). 614 Third Avenue. o 30 ThompsonJ R (3.60) Tide Water Asso. ‘Water O1l pf(5) kn Det Axle 180 53% Timken Roller (3) 1 Tobacco Products. 1% Tobacco Prod ctfs... 5% Tobacco Products A. 45 Top Prod ctfs A..... 51 Transcontinental. 31 Trico Prod (2%)...a 30% Truscon Stl (£1.20).. 27% TwinCity Rp T (4).. 82 Und Elliod Fishr (5). 7 Union Bag & Paper. . 59 Union Carbide(2.60) 42% Un Oil of Cal (32 200 Unfon Pacific (10) 121% Union Tank Car (5. 31 Utd Afrcraft&Trans. 447 Utd Afrcraft&T pf 3. 33% Utd Biscuit (1.60) 40'% Utd Carbon (2). 4% Utd Cigar Stores. ... 1 Utd Cgar Stores ctfs. 19 Utd Corporation.... 42% Utd Corp pf (3). 12 Utd Electric Coal 103% 30% n % A% 22 Utd Gas& Imp (1) 90% Utd Gas & Im pe(6).. 15% Utd Plece Dye Wks. 0 % 61% 87% U S Freight (3).... 5 fod 244 U S Hoffman (2) 4% 29 3% 4% 8l4 4 @ 4 8% S Leather pr pf(7) S Pipe & Fary (2). S Pipe 1st pf (1.20) 94 5 22 83% 40% U S Rubber 1st pf... 29% U S Smelt Ref (3%4). 48 USSmelt Ref pf 3% 150 U S Steel (18). 137 U S Steel pf (7). 55% U S Tobacco. 25% Univ Leaf Tob 5% N 33 Vick Chemical(2%). 3% Virginia-Car Chem. . 1 Virginia-Car 6% pf. Wabash. ‘Wabash p! ‘Waldorf Systm ( ). 30 Warner Bros Pic (4). 22 Warn Br P pf(2.20).. 15 Warner-Quinlan (2). 115 Warren Bros (19) 4 20 Wess Oll & Snow(2). 49% Wess O & Sn pf (4).. 36% Westn Dairy A (4) Westn Dairy (B). 10 W rn Maryland 14% Western Md 2d pf. Western Pacific. .. Western Union (8) % Westngh Afr Brk(2). White Eagle Oil (2).. 2714 White Motors (2)... 127% Wilcox Ofl & Gas.... 19 Wilcox Rich(A)2%.. 12% Wilcox Rich B (c2).. 5% Willys-Over (c1.20).. 6% Wilson & Co A. . 85% Wilson & Co pf. 52% Woolworth (2.40). 43 Worthington Pump.. 65 Wrigley Wm (¢)...a 61% Yale & Towne (15).. 715 Yellow Truck & C. 8314 Young Spring (3)... 91 Young Sheet & T (5) 10% Zenith Radlo (2).... RIGHTS EXPIRE % Allis-Chal, n.Dec. 31 % Am Rollg M..Feb 15 3 Bang & Aroos Dec. 7 3 Bucyrus Erle Dec 30 8% Col. Carbon. .Mar, 11 10% Det Edison. .. Dec. 23 % Gen. Asphalt.Nov. 27 1 Grant (WT).Nov 26 % Kreu&Toll....Dec 2 6 N Y Central..Jan 31 4 Reynolds Tob.Jan24 ¢ % Utd Gas Im..Dec 31 44 10:30 A.M... 783,500 as given in the abo 3 payments based on the latest qu *Unit of trading less than 100 4% In stock. §Plus $3 in preferred 4 Paid last Je ar rate. b in_stock. d P: earned. 1 Plus 10% 1n stock. & Plus 6% in stock. in stock.”k Plus 1)3% a share in stock. 1/25 of & share in stock. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md. November 20.— Potatoes—White, barrel, 1.50a4.00; 100~ pounds, 1.75a2.50; sweet potatoes, bar- rel, 1.00a2.50; yams, barrel, 3.00a3.25; beets. 100, 3.00a4.00; Brussels sprouts, quart, 10a20; carrots, 100, 4.00a5.00; cabbage, hamper, 35a60; celery, crate, 1.75a3.00; eggplants, crates, 4.50a5.00; lettuce, bushel, 75a1.00; onions, 100 pounds, 1.75a1.90; peppers, hamper, 30a 50; pumpkins, 100, 3.00a10.00; spinach, bushel, 30a50; tomatoes, crate, 2.50a 3.50; turnips, ‘hamper, 20a25; apples, bushel, 75a2.75; cranberries, box, 3.00a 4.50; grapes, basket, 18a22; bushel, 2.00 24.50; grapefruit, box, 3.00a4.00; oranges, box, 2.50a4.25. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, spot, 1.23; No. 2 red Winter, garlicky, spot, 1.22%; November, 1.22%; December, 1.23%; No. 3, garlicky, 1.19. Corn—No. 2 domestic, yellow, 1.12; cob corn, new, 4.35a4.50. Oats—No. hite domestic, spot, 55a 56; No. 3, whi? domestic, spot, 54a55. Rye—Nearby, 85a95. 10.00; common to Sales— Add 00. High. 24 22 SinclairOfl (12%)... 20 Prev. Low. Close. Close. 20% 22% 21 26% 27% 105 105 32% 33 22% 3 17% 18 9315 9813 2815 20% 544 55 b1 5% 120 120% 130% 133% 941 94l 8215 85 37T% 38 20 20% 18 19% 26 6 6 Sales of Stocks on New York Exchange. 12:00 Noo choice to prime, none; good to choice, | 2.00a6.00; lambs, 6.50a13.75. RECOVERY IN STOCK PRICES IS RESUMED Offerings on Rally Are Well Absorbed—Leaders Score Substantial Gains. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, November 20.—A broad upward movement of stock prices, in which many of the leaders rallied 2 to 15 points, was hailed in Wall Street to- day as a return of confidence in the market. Prices bounded upward from the start and recorded their highest prices in the last hour of trading, al- though profit-taking brought about moderate recessions from the high levels in some of the volatile issues. ‘Trading showed a marked expansion in volume, with short covering an im- portant factor. Odd lot buying also was reported on a larger scale than heretofore. Good Business News. President’s Hoover's efforts to stim- ulate business, coupled with favorable dividend and earnings developments and eas money rates, helped to revive bullish enthusiasm in Wall Street. In its weekly trade review the Iron Age stated that “while the output of furnaces and mills has undergone a fur- ther decline, consumption has shown no general curtailment and in a number of leading lines has®held its own or has gained.” Call money dropped from 5 to 4!% per cent, the lowest rate since August 16, 1928. There was a plethora of funds available and the rate was again shaded in the “outside market,” where loans as :’ow as 3 per cent were reported yester- ay. Evidence of the more cheerful feeling apparent in Wall Street was shown by the number of “bull” tips in circulation. Commission houses were again crowded with speculators eager to buy or sell stocks, although many of them were operating on a much smaller scale than a month ago. Specialties Lead Advance. High-priced industrial specialties g:re u;eElleltzfil;a of the day’s advance. neral Elect Jumped 15 points and National Biscuit, Western Union, and J. 1. Case sold 10 to 12 points higher, American Tobacco issues, Eastman Ko= dak, Allied Chemical, Standard Gas & Electric, Air Reduction, Motor Products, R. H. Macy, International Business M: chines and American Type Founders were among the many stocks to sell 5 to 9 points higher. In the rail group, Jersey Central jumped 20 points on a few sales and Union Pacific, Norfolk & Westerr. and Nickel Plate advanced about 5 points. Gains of 1 to 3 points were numerous. . SILVER QUOTATIONS. NEW YORK, November 20 (&).— Bar silver, 497 ; Mexican dollars, 37. MERGENTHALER PROFITS. NEW YORK, November 20 (#).—Net profits of the Mergenthaler Linot; Co. for the year ending September amounted to $2,228,615, equal to $8. a share, compared with $1,903,673, $7.43 a share, in the preceding ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 63rd Issue ot Stock Now Open for Subscription Shares of Stock, $1.00 Each Payable Monthly JamesE. Connelly James F. Shea President Secretary .70 or Tue regular quarterly dividend of Two Dollars and Twenty-Five Cents e E ey paid onJanuary 15, to! ers of 1 at the close of business ‘on December 20, 1929. H. BLAIR=SMITH, Treasuret. e Investment Information It will pay you to get REAL information regarding such a safe, sure and worryproof in- vestment as— FIRST MORTGAGE NOTES Yielding 6% Consult Our Mortgage Dept. [SHANNON: &:LUCHY] = e | 1435 K Street Nat. 2345 plain, 8.0029.00. Bulls, light none; medium to good, 7.50a8.50; fair to medium, 7.00a7.50; plain to fair, 6.00 a7.00; common to plain, 5.00a6.00. Cows, choice to prime, none; good to choice 7.50a8.00; medium to good, 6.50a7.5f fair to medium, 5.50a6.50; plain to fair, 4.50a5.50; common to plain, 3.75a4.50. Heifers, choice to prime, none; good to choice, none; medium to good, 9.00a 10.00; fair to medium, 8.00a9.00; plain to fair, 7.00a8.00; common to plain, 6.00 a7.00. Fresh cows and Springers, 60 al.50. Sheeb and lambs—Receipts 300 head: Hay—Recelpts 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 6.50 per ton, according to its quality and condition, receipts by truck taki care of most requirements. Straw—Little demand for straw. Re- ceipts generally ample. Wheat straw, No. 1, per ton, 9.00a10.00; oat straw, No. 1, per ton, 9.00a10.00. Live Stock Market. Cattle—Receipts, 50 head; light sup- ply; market steady. Steers—Choice to prime, none; cholice, none; me- dium to good, 11.00a11.75; fair to me- dium, 10.00a11.00; plain to fair, 800s supply; market steady, Sheep, Hogs—Receipts, 200 head; light ly; market higher. Lights, B"IM'%E: eavies, 9.7029.95; medium, 9.75a10.00; roughs, 7.25a8.90; light pigs, 9.00a9.30; px%s, (0:30a9.55. ‘alves—Receipts, 25 head; light sup- ply; market steady. Calves, 1.50:10.0%4 Dairy Markets. Poultry, alive—Turkeys, pound, 28a35; Spring chickens, 24a26; Leghorns, 22a 23; old hens, 23a28; Leghorns, 18a20; poor and thin, 17a19; old roosters, 18a 20; ducks, 19a23; geese, 18a23; guinea fowls, each, 40a65; pigeons, pair, 25. Eggs-—Receipts, ‘2,737 cases; native and nearby, firsts, 51a52; current re- ceipts, 43a45; hennery, whites, 56. Butter—Good to fancy creamery, pound, ; ladles, 35a36; store packed, 22; rolls, 31a32; , 1. bits—Chol 2.5024.50; BITUMINOUS COAL OUTPUT. Bituminous coal output in the latest week reported by the Mines Bureau was slightly in excess not only of the pre- ceding week, but also of same week last year. Figures for the comparable perlo% follow: Week ending November 3'641660 6,000 tons; preceding week, 11,- tons; same week last year, 10,~ 546,000 tons. " et everyihi 7 i everything we offer represents the idear in securities. The Safest Investment Known to Man Start Now and Buy . OUR | 6% MORTGAGE NOTES FIRST PRI ™ <> 1417 K St. National 9300 *