Evening Star Newspaper, December 3, 1929, Page 14

T FINANCIAL STEABOAT FIRW BOARD ICREASED Norfolk & Washington Adds Three Directors—Business Reported Excellent. BY EDWARD C. STONE. ‘Three important acquisitions were made to the board of directors of the Norfolk & Washington Steamboat Co. at a meeting of the board held late ! yesterday. The new members of the board are William D. Hoover, presi- dent of the Na- tional Savings & Trust Co.; Risley Brown, president of the Terminal Warehousing & Re- frigerating Corpo- ration, and Henry N. Brawner, president of Chestnut Farms Dairy Co. J. Allen Riordon, who has been au- ditor of the com pany, was appoint- ed general man- ager. Mr. Riordon has been connected with the Norfolk & Washington Steam- | boat Co. for 30 vears, and knows the business thoroughly. The directors con- | sidered the appointment a well deserved promotion. There have been several changes in the board of directors recently. The present board is made up of Woodbury Blair, E. C. Brandenburg, G. W. Fos- berg, Clarence F. Norment, sr.; George 1. Starkéy, Clarence F. Norment, j Odell S. Smith, George L. Starkey, George P. Sacks, William_D. Hoover, Risley Brown and Henry N. Brawner, ir. 3 " The steamboat campany’s officers are Clarence F. Norment, sr., chairman of the board; Clarence’ F. Norment, jr., | president; Gustav W. Fosberg, first vice | president: E. C. Brandenberg. second vice president, and Odell 8. Smith, sec- retary and treasurer. The last annual report showed that the company is doing an excellent busi~ ness. The stock is listed on the Wash- ington Stock Exchange, and closed yes- terday with 260 bid and 295 asked. The last sale was recorded at 280. It pays 12 per cent a year and the par value is 100. William 1. Hoover. Noted Bankers Are Coming Here, Bankers of the country are to be rep- resented and will have an important part in the forthcoming conference of “key men” called by President Hoover through the United States Chamber of Commerce to confer on plans for the stimulation of business. The invitation sent out states, among other things, that the preliminary sur- vey shows surprisingly favorable factors, including strong banking situation and every confidence on enlarging res- ervoirs of credit at reasonable interest rates.” Among those scheduled to attend are: John G. Lonsdale, president of the American Bankers' Association and president of the Mercantile-Commerce Bank & Trust Co., St. Louis; Albert H. Wiggin, chairman, Chase National Bank, New York; Arthur Reynolds, chairman, Continental Illinois Bank & Trust Co., Chicago; John J. Raskob, director in the Bankers' Trust Co. and the County Trust Co., New York; Bern- ard M. Baruch, New York; Trowbridge Calloway, president of the Investment Bankers' Association: Herbert Fleish- hacker, president, Anglo-London-Paris National Bank, San Francisco; H. B. McDowell, president, Pennsylvania Bankers’ Association, and vice presi- dent, McDowell National Bank, Sharon, | Pa., and John T. Scott, president, First National Bank, Houston, Tex. Member Banks' Loans Decline. ‘The Federal Reserve Board's condi- tion statement of weekly reporting member banks in leading cities on No- ‘vember 27 shows decreases for. the week of $159,000,000 in ioans and investments and of $337,000,000 in net demand de- posits, and 1ncreases of $38,000,000 in time deposits and of $6,000,000 in bor- | Towings from Federal Reserve banks, Loans on securities declined $34,- 000,000 each in the New York and Chi- cago districts, $10,000,000 in the Cleve- land district, $8,000,000 in the San Francisco district, $6.000,000 in the St.| Louis district and $102,000,000 at all| Teporting banks. “All other” loans declined $22,000,000 in the Chicago district, $20.000,000 in | the New York district and $62,000,000 | at all reporting banks. Bonds Lead Local Exchange. Bonds were popular on the Washing- ton Stock Exchange today. Washington Gas 6s, series A, sold at 101 and 101%. Barber & Ross 6’25 came out at 89 on two $1,000 sales and dropped !; point on two $3,000 sales. ‘There was a $4,000 transfer in Wash- | ington Gas 5s at 994. Sales in the| stock division were light, all in odd lots Mergenthaler sold ex-dividend at 102! Lanston sold at 106!,. The largest s: i was 20 shares of Merchants' Transfer & | Storage at 100 Heard in Financial District. J. Allen Riordan, newly_appointed gwneral manager of the Norfolk & Washington Steamboat Co., is a brother of John Riordan, executive vice presi- gent of the Bank of Commerce & Sav- gs. The Riggs Bank Club is sending out invitations for a dance and card party to be held Saturday, December 17, at the Willard, from 10 to 1 o'clock. This is one of the most active bank clubs in the city. The Southern Railway nas reccived authorization from the Interstate Com- merce Commission to issus $3,690,000 equipment certificates. The certificates | are to be sold at not less than 95.517 per cent of par and accrued dividends in connection Wwith procurement of equip- ment. There was a_tremendous rush to the Iocal banks today by holders of Christ- mas Savings Club checks, which reached | them yesterday in the mail. They lost Do time in getting them cashed. Many | of the members have made very’ care- ful plans to make every cent of the money go as far as possible. Commodity prices again advanced two-tenths of 1 per cent during the week ended November 30, following a similar advance for the preceding week, according to the wholesale price index of the National Fertilizer Asso- ciation here. The advances during the past two weeks were preceded by eight | weeks of continuous decline, and are largely seasonable. NATIONALISTS’ DEFEAT HAILED BY PARIS PRESS Temps Regards Action as Presag- ing Doom of Plebiscite Against Young Plan. By the Associated Press. PARIS, December 3.—The French Press was virtually unanimous Sunday in hailing with satisfaction the German Reichstag’s vote against the national referendum on the Young plan, de- scribing it as “a crushing defeat for the Nationalists." 2 “The collapse of Hugenberg's cam- paign against the Young plan,” was another desciption of the ballot. Temps says: “We may now consider the plebiscite against the Young plan as definitely doomed.” Le Soir remarked: “Hugenberg should withdraw.” g The general impression Paris is that a good majority is cerjyn for rati- Teation of th: Young pian. ~Prev. 1020~ Stock and High. Low. Dividend Rate. 36% Abitibl Power & Pap ADbitibi P & P pf(6). Abraham Strauss. ... Adams Express ctfs. Adams Exp pf (5)... Advance Rumley. ... Advance Rumley pf.. Alr Reductn (1434) 20% Alr Wal El AD(234).. 2 Ajax Rubber. 0 4% Alaska Juneau. 17 Alleghany Corp. 90 Allez Corp pf (5%). 354%.197 Allied Ch & Dye (c6) 125 11814 Allled C& D pf (7)., 75% 3514 Allls Chalm (n) (2).. 86% 23 Alpha Port Cemt(3). 17% Amerada Corp (2)... Am Agricul Chem. Am Agricui Ch pf. Am Bank Note(ft8). Am Beet Sugar...... Am Bosch Magneto. . Am Brake Snoe 2.40. Am Brown Bov Elec. Amer Can (15). % Am Can pf (7) Am Car & Fdy (8). Am Car & F nf (7 Am Chicle (+214).... 20 Am Com Ale (k1.60), 18 Am Encaust Til (2). 23 Am European Sec. 50 Am & For Power. 1014 Am&Forn Pwr pf(7) 86! Am&For Po 24 pf(7) 19« Am Hawaiian S 8 (2) 3% Am Hide & Leather, 23% Am Hide & Lea pf. ., Am Home Prod 4.20, American Ice (3). ¢ Am Internat (12). 215 Am La F & Foamit 90 ~ Am Locomotive (8), 111%4 Am Loco of (7). 142 Am Machine Co 31% Am Metal (3) 11014 92'4 Am Pow & Lt f (6). 70 28 Am Ra&Std San 1%. 124 Am Republics. .. 60 a1 Am Roll Mill (c2) Am Safety Razor(5). 4 Am Seating (2). Am Sm & Ref (4). % Am Steel Fdy (3).. 40 Am Stores (12%)... 56 Am Sugar Rfg (5)... 9 Am Sugar Rfg pf(7). 18 Am Sumatra (3) 31014 193% Am Tel & Tel (9). Am Tobacco (110). .. Am Tobacco B (110). Am Water Wks (e1). Am Water W 1 5% Am Woolen. 5% Am Woolen pf . 46 28 Am Writ Papr pf (3) 49% 7 Am Zinc LA&Sm.... 111% 49% Am Zinc pf (6) 140 70 Anaconda Copr (7). 89% 49'% Anaconda W&C (3) 80 25 Anchor Cap 12.40). 1541 96 Anchor Cap pf (6%). 68% 30 Andes Copper (3)... 49% 1814 Archer-Dan-M (2) 95 75 Armour Del pf (1) 18% 5% Armour 11l (A). 2% Armour 111 (B). Asso DG 2d pf(7) 298% 1954 Atch T &S Fe (10).. 104'% 99 Atch T&SF pf (6)... 209's 161 Atl Coast Line (11! 867 324 AtlIG & W Indl 456% At1G& W L pf (4).. 30 Atl Refining (13). Atlas Powder (15) ... Auburn Auto (34)... 3% Austin Nichols. - Auto-Strop Raz (3), 5% Aviation Corp. Del.. 15 Baltimore & Ohio (7) Balto & Ohio pf (4).. Bang & Aroos (334) Barnsdall (12%). Beacon O1l.., 7314 Beatrice Cream 45 Beechnut Pkg (e3).. 5% Belding-Heminway.. Bendix Aviation (2). Best & Company.... 784 Bethlehem Steel (8). 116% Bethlehem St pt (7). i Bohn Alumn&B (15). Bon Ami, A (16) Borden & Co (3) Eorg Warner ¢ 17% Bklyn. Bklyn&Queens pf(4) Bklyn Union Gas (5) Brown Shoe Co (3).. 16% Eruns-Balk-Col(3). 4's Bruns Ter & Ry S... 14 Bucyrus Erie (1). 26% Bucyruscv pt (2% 9 Budd (EG) (1%) 11% Budd Wheel. . Bullard Co (12)..... 21% Bulova Watch (3). 88 Burns Bros A (8)... 29 Burroughs AM(t1.80 89% 31% Bush Term (g2).... 91 2 Butte Cop & Z«(50¢). 12% Butte & Superior (2) 41 27% Butterick Co. 192% 50 Byers (A M) 475 20 By-Prod Coke (1) §4% 634 Calif Packing (4) 4 1 CallabanZinc& L. 73% Calumet & Ariz (10, 25 Calumet & Hec (4%4) 45 nada Dry G A (5). 2657 189% Canadlan Pac (10).. 48% 28% Cannon Mills (2.80). 65% 17 Capital Adm (A). 467 130 Case (J 1) (6) 56/ 56 Caterpillar Trac (3). 79% 31 Celotex (3). B3, 136% 61% ). Cent RR of NJ (112). 52% Cerro de Pasco (6, 11% Certain-teed Prod. %0% 18 Checker Cab Mfg Co. 279% 160 Ches & Ohio (10).... 92 42% Chesapeake Corp (3) 19% Chi & Alton. . % 28'% Chi Ml St P&Pac of. 108'; 75 Chitago & N W (6) 145 134 Chi&NWopt(l).... 47% 21% Chi Pneu Tool 61% 47 'hi P T ot 4315 101 . 1031 "04% Chi R 1& bac of (67 109 100 ChiR1& Pacof (7). 2714 Chickashu C Oll (3), 44% Childs Co (2.40). 26 Chrysler Corp (3). 72% 35% Cluett Peabody (5).. 145% 101 Coca-Cola (4 44% Coca Cola A (3).... 10 Collins & Alkman. 78 Collins & Ak pf ()., % Colo Fuel & iron. Col Gas & El (2). 4 Col Gas & El pf A 42% Col Gas&E rets ptpd. 50 Col G&E rets full pd. 16% Columb Graph(87c). 105 18 28 Com Credit 12)...... Comm Credit A (3).. % Coml Inv Tr (1.60). 20% Comm Solvents (1).. 10 Commé&So(bs%stk). 11 Congoleum-Nairn. .. 43 Cong Clgars (16%).. 40 Consol Clgar (1).... 10 Consol Film (2). 1514 Consol Film pt (3) 804 Consol Gas, NY (4). 92; Cousol Gas pf (5)... 5 Consol RR Cub pf(6) 1 Consol Textlle. ... . 12 Container Cor A 1.20. 34 Container Corp B. 254% Contl Baking A. 4% Contl Baking B..... 79% Contl Baking of (3).. 38 Contl Bank (120)... 40% Contl Can (3% /. .... 20% Cont Diamond (2)... 46% Contl Insurance (2). 6% Contl Motors (80¢c).. 18 Conti Ol of Del..... 70 Corn Prod Refin (14) Sales— Add 00. Righ. N 6 !% 120 139 3 16 14 335 6 24 B » Y S R am R IR RN n RO 9e P 3 100 10 81 84 ARl nnen~ ray mrrandrbaaRmBrRnE RS naan o] o a < Baldwin Loco (1.75). 157 33 1 6 157 15 12 a 10 1 Columblan Carb(16). 2 walkomaans oy and 20% % % % 131% 254 254 2% 2% 7 FA 24% 224 981 98 255 246% 122% 122 9% 47% 32% 22 614 269 92 31% 481 111 114% 141 84% 115 40 18 145 191 20% 340 A 198% 197 1001 10674 29% 13% 13% 467 45% 200 19614 59% 584% 4% 4% 5% 5% 113, 9% 33%° 29% 2 22% 5 72 65% 0% 67 31% 30 171% 170 23% ESDAY, D ECEMBER 3, 19 Stock ana Dividend Rate. 24 Cream of Wheat (2). 17 Crossley Radio (31). 37% Crown Cork & Seal. . Crown Zellerbach (1) Sales— Add 00. High. 1 28% 5 ba Co. 7 Cuban-Amer Sugar.. 6% 1 Cuban Dom Sugar... 67% 36 Cudahy Packing (4). 132 100 Curtis Publish (17).. 118 1124 Curtis Publish pf(7) Curtiss Aero (1).... 7% Curtiss Wright Corp. %714 Curt Wright Corp A. 121% 58 Cutler-Ham (3%). 126% 63 Cuyamel Fruit, 69% 214 Davison Chem 141% Del 120' Del Lack & W (17),. 40 Denv&RG Wopf..., 151 Detroit Edison (8). .. 24 Devne & Ray A (13). 6 Dome Mines (1)..... 12 Dominlon Strs(1.20) 69 Drug Cornn (4)... ., 3% DuluthSS & Atlpf., 25 Dunhill Inter (24). . 80 Dupontde N (15.20). i 107% Dupontd N deb (6).. 150 Eastman Kodak(18). 19 East Roll Mill (134). 18 Faton Axle &S (3 11% Eitingon-Sch (214 ) #5% [itingon pf (6%) 50 Elec Auto Lite (6).. Electric Boat. . 2014 El Pwr & Lt (1) El - B w6k R & ToamanwunlasamtantBeBamRen mBoRRamaa 31 Eng Pub Serv (f1). 80 . Eng Pub Sve pf (5) © e Evans Auto L(12%). 3% Fairbanks Co. . 29% Fairbanks Morse (3) 514 Fash Pk Asso(k23). 5 Fed Motor Tr (80c) 28 Fed Watr Ser A 2.40 47'% Fid Phen F Ins (2). 33 Fllene's Sons. 81 Fi 44 ¥ Foster Wheeler (2) 12% Foundation Co. 40 FoxFiim A (4 23% P Gabriel Snub A. Gardner Motor. Gen Am Tnk Car Gen Asphalt (4) 5 an 75 421 24 23 65% 1071 102 74 42 Gen Cable A (4) Gen Clgar (4). Gen Electric (16) Gen Flec spec (60c). Gen'l Food Corpn (3) 112 59% Gen Gas&El A (te2). 8914 50 Gen Mills (1334) 91% 331 Gen Motors (13.60) 126'5 112 Gen Motors nf (7). Gen Outd Adv A (4) Gen Outd Ad vte (2). Gen Public Serv(bé) Gen Ry Stgnal (5)... Gen Refrac (+43).., Gillette Saf Raz(e5). Gimhel Brothe Glidden Co (h2) Gobel (Adolf) Gold Dust (234). .. Goodrich RF (4).. Gondyear Tire (5). .. Goodyear 1st pf (7).. Gotham Silk H (2%) Gould Coupler. Graham-Paige, Graham-Paige anhy Copper (8), irand Stores (e1) Grand Unfon.. . Grand Unlon pf (3) Granite City St (4). Grant (W T) (e1) Grt North pf (5). Grt North pf et (5). Grt Nor Ore (a1% ) Grt West Sue (2 80). Grizsby Grunow (2) Gulf Mo & North. Gulf Mo & N pf (6 Gulf Sta Steel (4) Aahn Dept Store: Hahn Dept S pt(6%) Hartman A (2). Hartman R (1 20) Havana Elec Ry Haves Rodv h& ®, sf Hercules P pf (7) Hershey Chocolate. . Hershev Choc of (4). Holland Furn (e214). Houd Hersh B (1%). Household Prd (14). Houston Ofl.. Howe Sonnd (+414) ¢ Fud&Man Ry (3.50). Hudson Motor (5) Hunp Motor (£2). Tilinots Central (7). Tilinofs Cent pf (6). . ndepend O11 & G (2) 1114 AR, 121 6% At 1164 45 Tnland Sreel (3% Ingersoll-Rand 71, Tnspiration (4). Insuranshares. Tnterhoro Rap Tran. Intl Agrienitural.... Intl Bus Mch (6).. Intl Cement (4 Int Combustion. ... . Inti Cmb Eng of (1).. Int) Rarvester (234). Tntl Harv pf (7) Int Hvdro E1 A (e2). Tntl Mateh pf (320). Int Mer Marine ctfs.. Tnt Nickel of Can(1). Tntl Paper of (7). Intl Pap & P A(2 40 Intl Pap & Pwr B. ntl Pap & Pwr C. ntl Pan & Pwr nf(7) Int] Printine Tnk (3) Intl Shoe (2%)...... Tntl Silver (48)...... Tnt Tel & Teler (2) Tnter Dept St (2). 1215 Tnvestors Equity(3). A9 Island Creek Coal(4) 29 Jewel Tea (4)...... 90 Johns-Manville (3) 1% Jordan Motor Car 0 Kan City Sou (F). 63 Kan City Sou pf (4).. 18 Kaufmann DS (1%) 30 Kavser Jultus (4)... 151 Keith-Albee-Orph. .. 70 Keith-Alhee-O of (1) Kelly-Spring Tire... 18% Kelsev Hayes (2) 5 Kelvinator Corp. 40% Kennecott (5).. 54 Kolster Radlo. . 27 Kraft PhCh (1%)... Kraft Ph Ch nf (614) < S)Co(1.60) HICH (n1) ‘% Kreuger& Toll(1.34) ' Kroger Gr&Rak(e1). Laclede Gas (10) 16% Lago O1l & Trans.. 80% Lambert Co (8) » PanmBnu~naleannisan - - g aesaE=wSennRan - 25 [ 9 PRLE JOU0L JURNE S VRN 191 Leh Port Cem (234). Lehtzh Vallev Conl Lehigh Valley (3%). Lehn & Fink (3). Libbey Owens (1)... 80% Lizzett & My (46). 137t% 125 Licgett & My pf (1 106% 80 Lizcett& My B (15). 57% 31 Lima Locomotive 113% 40 Lia Carhonte (441 ), 841 32 Loew's.Inc (3%).. 95 80% Loew'spfxw (6%). 4 Loftinme........ 39% Loose-Wiles (2 60 14% “orillard (P) Co. 67 Lorillard (P) pf (7)., 7 Loulstanaoll..., 72% 28 UG & KA (1%),, 154% 110 Louls & Nash (7). ... 108% 22 Ludlum Steel (3). ... 46 304 Mac A & Forb(12.88) 120 924 McCrory pt (6) 64 McKeesport T B (4) 214 McKesson & Rob (2) 40 McKes & Rb pf3y) McLellan Strs A 2.20 114% 554 Mack Trucks (8): ... 256% 110 Macy(RH)&Cor 2 11% Madison Sq G uug) Magma Copper (§) Mallinson & Co.,,, 20 Manati Sugar pf, 115% 18414 27% 28% Stock and Dividend Rat Man Elev mod (d6).. Man Shirt (2).. Maracatho Ol Ex Market St Ry. . Market St Ry of. Market St Ry pr pf. Mariin Rock (13%) Marmon Motor ¢ Mathleson Alk (e3).. Iiay Dept Stors(c2). Maytag Co (12) Maytag Co pf Melville Shoe . Mengel Company (2) Mexican Seaboard. Miami Coprer (4) Michigan Steel (13).. Mid-Continent P (2). Middle States Ofl ct.. Midland St pf(112 4 Miller Rubber. .- Minn Honeywll 133, Minn Moline Pwr. ... Minn Moline pf 6%. Minn & St Louts 16 2 Mo Kan & Tex pf(7). Missouri Pacific. . ... Missourt Pac pf (5).. Mohawk Carpet 2% Monsanto Ch (g1%). Montgomry Ward(3) Moon Motor (new) Morrell J (3.60) Mother Lode (40¢) . ., Motor Meter G & E. Motor Products +10.. Motor Wheel (3).. Mullins Mfg.. Murraay Corp (k3) Myer(FE)& Bro (2). Nash Motors (§). Nat Acme (1%) Natl Alr Trans...... Natl Bella Hess(11). Nat Biscult (17%)... Natl Biscult pf (7). Natl Cash Reg A (14) Natl Pwr & Lt Natl Surety (5) Nat Tea Co (2). Nevada Copper (3) Newton Steel (3). Nelsner Brothers, N Y Alr Brake (3 NH&Hpt (7)., N Y Ratlways pf.... Norfolk South (2%). Norfolk&Wstn(t12). North Am(b10%stk) North Am pf (3)...., 4 Northern Fac () North Pac ct (5). Nor Ger Lloyd(3.41). Norwalk Tire & Rb. Nunnally Co Oliver Farm Equip. * Olivr Fr Ep cv pt(3). Ol'vr Fr Eq nf A(6).. Oppenhetm Col (5) Otis Elevator (18) Otis Steel (2%)... Pacific Gas & E (2) Pacific Lighting (3). Pacific Oll stubs. . ... Packard Mot (11.10). Pan-Am Petroleum Pan-Am Pete B. Panhandle P & R. Paramount-F-L (3).. Pathe Exchange A... Patino Mines (3.89).. Peerless Motor Car. . Penick & Ford (25¢) Penney (J C).. Pen (JC) pf A (6). Penn Dixle Cement Pennsylvania RR(4) Pet Milk (13%4).... Pnelps Dodge (3) Philip Morris (1) Phila Co 6% ot (3).. Phila & Read C& 1. Phillips Petrolm(2). Plerce Arrow pf ( Pierce Ofl. Plerce Ol pf..... Pierce Petroleum Pillsbury Fl (12%) Pirelli Co A (2.88)... Pittsbgh Serew 1.40., Pitts & W Va (6) Poor & Co (B) (2). P Rican Am To (B) Prairie Pipe L (15) Pressed Steel Car. .., Proc & Gamble (2) Prod & Refiners Pub Sve NJ (2.60). Pub Sve NJ of (6 Pub Sve E&G pf(6).. Pullman Corp (4).... Punta Alegre Sugar. Pure O (1%) Purity Bakeries (4).. Radlo Corp.... Radio pf A (3%).... Radio pf B (5).... Radio-Kelth-Orph A. Rallway & Exp (2) Raybestos-Man (215 Reading (4) Real Silk (5). Rem Rand (50¢) . Remtng-Rnd 1st (7). Reo Motor (11.40). Repub Ir & Steel(4).. Revere Cop & Brass. Revere Cop & Br(A). Reynolds Tb B(2.40) Richfield 011 (2)..... Rio Grande O11 (k2). Rosaia Ins (220).... Royal Duteh (23.20), Safeway Stores (5).., St Joseph Lead (13). St L-San Fran (8). St L-San Frano pf (§) St L Southwestern. . St L Southwn pf (5). a = o e P e L] » B om o maBleed Seaboard Alr Line pf Seagrave (el1.20). Sears Roebck (12%). Second Natl Inv ctfa. Seneca Copper i ServelInC.........u Sharon Steel H (3) Sharp & Dohme. . Sharp & Do pf (3%). Shattuck (F'3) (1) Shell Unfon (1.40)... Shubert Theatres Simmons Co (3) Bales— Ada 0. ian. 3l Sinclal Skelly Slo: Snider Snider Solvay Stand Stand 27 17% 24% 4014 26% 167 13814 38 0% Sun Of Superi Super, Symin, Telaut, Texas Third Timkn Timke Unton Unton Un Of1 Union Union Union Utd Ci, Utd Pi Utd St 1n L cceceeaceas Virgin, Virgin do! West Wi Wextal White Whi White Worth! Young Zenitn RIGH' Det Ed Stock and Dividend Rate. Simms Pet (1.60)... Sloss ShefTield steel.. Sheffeld pt (7) 3% So Porto R Sug 123, Southern Cal Ed (2). Southern Rwy (8). Southern Ry pf(5). Sou Ry M& O ct (4). Spalding (AG) (2).. Vick Chemical(3% ) Walworth Co (2) Wara Baking B Warner Bros Pic (4). Warn Br P pf(2.20 1t €53 011 & Snow(2). Wess O & Sn pf (4) Western Md 2d pf... Weston Kl Inst (1) Wilcox Rich(A)2% Wilcox Rich B (c2) Willys-Over (e1.20 Wilson & Co A. Wilson & Co p! Woolworth (2. Wright Aero (2). Yellow Truck & C Allis-Chal, n. Dec. 31 Am Rollg M..Feb 15 Bang & Aroos Dec. 7 Col. Carbon. :Mar. 11 N Y Central. Reynolds Tob.Jan 24 Utd Gas Im, FINANCIAL Prev. R4 High. Low. Close. Glose: 8 24 23% 21 % 264 27% 33% 33 67 4% 184 9314 2815 56l B, b4 118 \120 134% 135% 95 96 90 90 35% 23% r Con OIl (2 o1l «2). Packing. Packing pf i 6% ot Am Inpf 6% 287 58 Splegel-May-St (3).. Brands (1%) Stand Com Tob (1).. Stand Gas & El (3%) Stand G & E pf (4). Inv Corp (b§). Std Ofl of Cal (h214) Stand O1I N J (12) Stand O1l N Y (1.60). Sterling Sec A). Sterling Sec pf(1.20) Sterling Sec ev pf(3) Stewart Warn(j3%). Sione & Webster. 1(p1) or O11 or Steel......, & Sweets of Amer (1).. gton A. ograph t1. 5 Tenn Cop & Ch (1. Corp (3).... Tex Gulf Sul (4). Pac Land Tr.. The Fair (2.40). Avenu Thompson J R (3.60) Tide Water Asso.... Tide Water Oll pf(5) Det Axle 1800 n Roller (3), Tobacco Products Top Prod ctfs A. . Transcontinental. ... Transue & W (1) Trico Prod (2%).... Truscon Stl (£1.20).. Twin City Rp T t4).. Und Elliod Fishr (5) Bag & Paper Carbide(2.60) of Cal (32) Pacific (10)... Pacific pf (4).. Tank Car(s)., Utd Atrcraft&Tran: Utd Alrcraft&T ptf 3. Utd Biscuit (1.60). Utd Carbon (2) ar Stores Utd Cgar Stores Utd Corporation. Utd Corp ot (3) United Elec Coal. Uzd Fruit (c4). Utd Gas & Imp (1) Utd Gas & Im p£(5).. ece Dye Wks. . United Stores A ores pf. o wn =R oax atc g FEd 57w ~n3 Sra T2 -] d Alco (6). prpe(7) & Fary (2). st pf (1.20) pe 24 pf (1.20) ot (1) Univ Leaf Tob (3)... Univ Pipe & Rad..... Util Pwr & Lt A (e2) 'ar 6% pf.. ia-Car pt (7)., rf Systm (13%) @ 2 -5 o maSemebereilaantduunontuanfaaEnd vane rk Radio (02). Kagle Ol (2).. Motors (2)... Sewing Mach. 9 » 8 ington Pump. Sz Sheet& T Radto (2).... TS EXPIRE ison...Dec. 23 .Jan 31 23 I % York Excha; 0 Noon, i k. K Plus 145 17235t ' ‘snare in” stotk" By the Associated Press. The Consolidated Gas, Electric Light & Power Co. of Baltimoré announced today that the voting trust formed last June to prevent acquisition of control by outside interests had been termi- nated. Stockholders were informed that the trustees had decided that the pur- pose of the trust had been accom- plished. Reports from several Midwestern steel centers today state that most of the mills will operate this week at between 50 and 60 per cent of rated capacity. One manufacturer of struc- tural steel was reported operating at close to capacity. The Utah Copper Co., in declaring an extra dividend of $4 a share, wm addition to the regular quarterly divi dend of the same amount, has en- riched the treasury of the Kennecott Copper Co. by approximately $6,350,000. The Kennecott Co. owns more than 1,500,000 shares of the ‘outstanding 1,625,490 common shares of the Utah Copper Co. A decline in the number solvencies in the United States last month, as compared with the preced- ing month and the corresponding month a year ago, was reported by R. G. Dun & Co today. Business failures in November totaled 1,796, down 1.4 per cent from October’s totai, 2.3 per cent from November, 1928, ana 3.8 per cent from the figures of two years ago, \ of in-| Markets at a Glance NEW YORK, December 3 Stocks strong; General Electric up 10 points. ~Bonds firm; upward trend maintained on easy money. Curb firm; Pennroad at new low. Foreign ex- changes firm; sterling and mark at year's high. Cotton higher; smaller crop esti- Sugar steady; trade buying. Coffee lower; commission house seiling. CHICAGO, December 3 (#).—Wheat higher; good export business. Corn higher; bullish weather forecast. Cat- tle steady to higher. Hogs higher. C. J. Arqubright Dies. BATTLE CREEK, Mich., December 3 (/). —Charles J. Arqubright, 58, presi- dent of the Michigan Business and Normal College, died suddenly in his of- fice yesterday. He was a native of Towa and had taught in Woodbine, Towa; Helena, Mont., and Rock Island, IlL. Will Feature Sound Pictures. | LOS ANGELES, December 3 (/P).— |Harold B. Franklin, executive head of the Fox West Coast theaters, today an- nounced that his company would erect theaters in Los Angeles, San Francisco, | Portland and Seattle for the exclusiv showing of sound pictures of important events. Franklin said that eventually a chain of 100 such theaters would be formed throughout the United States. e Frosts in eastern wheat states of Australia t-re reported to have reduced 's the country’s wheat crop by many thousand bushels, ). — New Securities — By the A Press. | NEW YORK, December 3.—New se- curities offered today include: Guaranty Life Insurance Co. of New York, 16,500 shares of capital stock, WO ancial Corporation, Tracy, Willis & Richardson and Hanson g Hanson. New York Central Railroad second equipment trust of 1929, $5,895,000 4lz per cent equipment trust gold certifi- cates. Priced on application, Offered by the Chase Securities Corporation and Freeman & Co. City of Seattle, Wash., $2,000,000 5 per_cent gold bonds, dated October 1. 1929, due serially witheut option each October 1, 1935, to 1959, inclusive. | Priced 100 and interest. Offered by the Bancamerica-Blair Corporation, B. J. Van Ingen & Co. and Eldredge & Co. City of Philadelphia, $6,620,000 41; per cent bonds, dated December 2, 1929; due December 2, 1979: redeemable on or after December 2, 1949; priced at 100 and interest, and $5356,000 4!, cent bonds dated December 2, 1929; due December 2, 1979; redeemable on or after December 2, 1949, and $1,000,- 000 4! per cent bonds, dated Decem: ber 2, 1929: due December 2, 1944; priced to yield about 4.30 per cent, Offered by a_ syndicate including the First National Bank, White, Weld & Co.; Old Colony Corporation, First Na- tional Bank of Pittsburgh, Phelps, Fenn & Co.; Lawrence Stern & Co., Mer- cantile-Commerce Co. and others. | Twenty by-products are belng ob- | tained ip Australia from the carcass of the shark after it has been skinned. Offered by the | J. RECOVERY INSTOCK ~ MARKET RESUMES President’s Message Is Sig- nal for Vigorous and Broad Buying Move. By STANLEY W. PRENOSIL. Assoclated Press Financial Editor. NEW YORK, December = 3.—The stock market, after an irregular open- ing, engaged in a broad upward move- ment today under the influence of easier credit conditions and the opti- mistic survey of business conditions by President Hoover in h's message to Congress. Gains in many of the active issues ran from 2 to 10 points, with even larger advances in a few high- priced speclalties. Trading increased on the rally, with blocks of 5,000 shares or more again making their appear- ance at frequent intervals. Advance Is Broad. The advance, which embraced prac- tically all leading groups of stocks, was one of the most extensive since the market hit bottom in the middle of last month. “Bear" traders, who had been selling stocks freely in the last fortnight, rushed to cover as large buying orders appeared for a varied assortment of investment and specu- lative issues, some of which again showed signs_of pool activities. President Hoover's declaration that there had been no inflation in commod- ity prices, that foreign trade expansion steadies industry and employment and that the agricultural situation is im- proving, together with his pronounce- ment in favor of railroad consolidations and against the Government operation of Muscle Shoals, helped to create bull- ish sentiment and restore confidenc The dey's business news, while meager, was generally favorable, ‘The rush to buy stocks started soon after extracts of the President’s mes- sage began to appear on the financial news tickers. Reports that call mone which renewed at 4 por cent, wi being freely loaned in the outside mare ket at 4, also helped to stimulate the demand for stocks. Long List of Gains. Auburn Auto ran up 30 points, La- clede Gas, 15; American Tobacco B, 10, and Warren Bros., Missouri-Pacific common, Air Reduction, Allied Chemi- cal, J. I. Case, Foster Wheeler, Wabash, General Electric, American Machine & Foundry, American Tobacco B and United States Industrial Alcohol all sold 6 to 9 points above yesterday's final quotations, Among the long list of issues to be marked up 4 points, or more, were Na- tional Biscuit, Underwood Elliott Fisher, Western Maryland, Murray Corporation, Atchison, North American Co., Amer- ican & Foreign Power, American Water Works, Sears Roebuck, American Can, Otis Elevator and Worthington Pump. The highest grade industrials were in demand in the late upward movement which carried most of the popular shares from 4 to 10 points beyond the preced- ing close. Much of the rise was due to a revival of public buying, and the pro- fessionals also took the long side of the market with confidence, at least tempo- rarily. General Electric, American To- bacco, Standard Gas & Electric, Air Re- duction and J. I. Case, among others, were 9 to 10 points higher. The close was strong. PRy ICE COMPANIES FORM BIG MERGER IN SOUTH The Southern Virginia Ice Utilitles Co., Atlantic Ice & Coal Co. and South- eastern Utilties Corporation have be- come affiliated under the leadership of Fred W. Beasley of Norfolk. The com- bined companies will have total re- sources of $23,000,000 and will opw:{e in Virginia, North and South Carolina, Georgia, Florida, Alabama and Ten- nessee. Business Notes By the Associated Press. NEW YORK, December 3.—The Pennsylvania Salt Manufacturing Co. of Philadelphia has acquired the General Laboratories of Madison, Wis., and will operate the company as a separate unit. New constructign planned for Youngs- town, Ohio, and vidinity next year will total $15,000,000, a much larger amount than originally estimated. The Richfield Oil Co. of California has purchased two additional tankers, the Agwi World and the Huguenot, each with a capacity of 10,000 tons. The vessels will be used to carry petroleum products from the West to the East coasts. The company now has a fleet of nine tankers, The thirtéenth annual convention of the toy manufacturers of the United States will be held here Thursday and Friday of this weck. The United Thrift Plan, Inc., reports ¢ that insurance written during the 11 months ending November 2 amounted to $13,051,862, compared with $9,118,068 for the same period in 1928. hy THE AUTOCAR COMPANY, Ardmore, Pa. November Tho Board of Directors has declared » guckiorty ) per the rate of Eight Per Cont (807) im on the Preferred Stock of this Coct 3 ed and cuistending. pevable December 18, 29 to stockholders of record as at the closs of 5. 1929 Checks will be mailed. JOHN C. TANEY, Treasures TRUSTEED SHARES The for in. IDEAL INVESTMENT Yestors who_ _demand — 8, YIELD and GROWTH of funds and }und.l of o1 ons. Sold in Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation Woodward Building. Money to Loan Secured by first deed of trust on real Frevailing, Interest and commission " oseph 1. Weller {5 Wash L & Trut INVEST Your Christmas Savings Checks IN OUR 6% FIRST MORTGAGE NOTES Denominations of $250, $500 and $1,000 BOSSTMHE P Established 1907, 1417 K St National 9300