Evening Star Newspaper, December 30, 1929, Page 12

12 *¥» FINANCIAL. THE EVENING STAR, WASHINGTON, D. C 1929: MONDAY, DECEMBER 30, Stock sna Sales— Prev. 1929 Dividend Rate. Add 00 High. Low. 32:55. . 5 ; te. (8H)Co (n1). 6 64 6219 8 er& Toll(1.34) 115 231% 28 80% Consol Gas. NY (4). 212 r Gr&Bak(cl). 68 43w 42 :g% Consol Gas,NY pf(5) 4 Sales— Add 00 His Low. Royal Duten (a3.20). 4 52 Safeway Stores (e5). 5 112 . 110% 111% 113% STORE SALES GAIN | | lST[lBKS IRREGULAR . % St L-San Fran pf(6). 20 92% 92% ) ) 3 s Consol Textile, Stlesankranvi). 1 ez o ozw 924 Pressure Reappears After. Reserve Board Reports Sec- ond Largest Increase in This Territory. BY EDWARD C. STONE. “It was reported today that the fifth Federal reserve district, which includes ‘Washington and adjacent territory, had experienced the best increase in de- partment store sales in November of any sectjpn of the country, with the exception of San_Francisco. ‘The Federal Re- serve Board an- nounced that re- tail sales in this district in Novem- ber were 43 per cent ahead of the corresponding month last year and that for the first 11 months of 1929 sales in the fifth district were 3.6-per cent ahead of the same period in.1928. Department store sales for the coun- try as a whole in November averaged only about 1 per cent larger than in November, 1928, according to reports to the Federal Reserve System by 523 stores in 229 cities. During the first 11 months of 1929 sales were 3 per cent la?er than for the same period in 1928. Donald MacGregor. Thus the local territory is well ahead of the average for the whole country in sales and also for the 11 months of the year to date. The San Francisco dis- | trict went ahead of the Richmond dis- trict by reporting a gain in November sales of 6.2 per cent. But the Pacific Coast area was well behind the fifth district in the 11 months, reporting a gain of only 2.8 per cent. inneapolis and Kansas City were next to the Richmond district in sales increases. Atlanta reported the largest falling off of any Federal Reserve dis- trict, a loss of 5.3 per cent in November and of 2 per cent in the 11 months. Boston, Philadelphia, Cleveland, Chi- and St. Louis reported lgsses im November sales, compared with a year ago. but for the 11 months most of these other districts report larger or at least equally good business. Sales compared by Districts. The inventories of the reporting de- ent stores at the end of Novem- were at about the same level as a year ago, according to reports from 433 stores. By districts the percentage changes in sales in November and for the 11 months and the changes in stocks on hand compared with 1928 were as follows: Stocks. Reserve district. — Jan_-Nov. N *United States. X .8 Boston, Cleveland Richmond . Atlanta o St. Lous —The mont same number of business days (25) this year aned "on " statistics of sales from 523 stores: of stocks, from 433 stores. New Local Iglehart Managers. Announcement was made today that John M. Daiger, formerly of Baltimore and more recently of New York, has become associated with J. A. W. Igle- hart & Co., and that as of January 2, he and Robert Stead, jr., of Washing- ton, will be the resident managers of the firm’s Washington office, located in the National Savings & Trust Building. Mr. Stead has been asso- chfitsed with the firm’s local office sipce 19: J. A. W. Iglehart & Co., recently be- came members of the New York Stock Exchange. They are members of the Baltimore and Richmond Stock Ex- changes, and associate members of the New York Curb Exchange. Several weeks ago the firm pur- chased the Gunther Building in the business and financial center of Balti- more. The firm's plans for 1930 in- clude the removal of its main offices to; this building after improvements aré completed, and the enlargement | of . its organization and facilities in ‘Washington. Other Iglehart offices in Richmond, Va.; Wilmington, l.; Wilkes-Barre, Pa.; Charleston, W. Va. and Clarksburg, W. Va. MacGregor Heads Research Office. Willlam A. Willls, manager of the Copper & Brass Research Association, 257 Broadway, New York, announced today that a Southern office will be opened, in Shoreham Building, here on January 2. It will be in charge of Donald MacGregor. The territory will embrace the Middle and South Atlantic E:-lk.s as well as the District of Colum- a. Mr. MacGregor is a veteran newspaper man, having been connected with the ‘Washington and London Bureaus of the New York Herald for many years. Dur- ing the World War he served as a cap- tain in the Signal Corps. Prices Steady on D. C. Exchange. Thirty shares of National Savings & | Trust Co. stock sold at 525 today on the | Washington Stock Exchange, and two| shdres of Riggs National moved at 525, | the same as the last sale. Potomac Electric Power 6 per cent pre- ferred figured in a 30-share transaction at' 1102, and the 5', per cent issue changed hands at 104%,. Peoples Drug Stores preferred sold at 104. Mergenthaler Linotype opened with a 40-share sale at 106. This was followed by“a 10-share lot, and & 5-share lot going at the same figure. After call 25 shares changed hands at 106, all sales being ex-dividend. It was the day's most active stock. ? ‘Washington Gas 6s, series A, register- ed a $1,000 sale at 102, while a series B baby bond sold at the same price. Capital Traction 5s_recorded a $1,000 transfer at 91%. Tomorrow will see dividend payments made by a very large percentage of the securities on the | local exchange, especially among the bank shares. C. & O. to Spend $42,500,000. New equipment for the Chesapeake & ©Ohlo lines to cost approximately $42,- 500,000 is provided in the budget for 1930, recently completed, according to an announcement by John J. Bernet, president. The Chesapeake & Ohio has been allocated $20,700,000 of this sum. The remaining $21,800,000 will de divided between the Hocking Valley and the Pere Marquette, the latter road Jeceiv- ing the major part of this allocafion. Budgets for the Nickel Plate and Erie Rallroads had not been completed when the above announcement was author- ized, but it was expected that their appropriations would bring the total for the Van Sweringen roads for 1930 up to $100,000,000. Heard in Financial District. Secretary Mellon discusses new tend- cacies in' American banking in the latest i-=ue of Trust Companies Magazine, par- ticulerly the expansion of branch bank ing and the growth of group banking. H¥ believes the changed conditions in thz banking world call for most eareful study. He also lauds the sound position of the Federal Reserve Board. The offices of the Thomas E. Jarrell Co. in the Washington Savings Bank Building, have recently been greatly enlarged and improved to provide for expanding business. Mr. Jarrell is also president of the Washington Savings Bank, which reports another excellent Yyear's business. i 104% lleg Corp pt (5%).. 354% 197 Allied Ch & Dye (c6) 125 118% AllledC& Dot (7).. 76% 3514 Allis-Chalmers (3).. 23 Alpha Port Cemt(3). 2 Amai Leather.... 17% Amerada Corp (3). 4 18 Am Agricul Chpf... 65 Am Bank Note(ft3). 5% Am Beet Sugar.....: 37% Am Beet Sugar pf... 27 Am Bosch Magneto. 40'% Am Brake Shoe 2.40. 4% Am Brown Bov Elec. 86 Amer Can (15) . 75 Am Car & Fdy 70% Am Chain pf (7).... 27 Am Chicle (+2%). 20 Am Com Alco(c1.60) 18% Am Encaustic (2)... 28 Am European Se % 50 Am & For Power 108% 101% Am&Forn Pwr pf(7) 103 86% Am&For Po24 pf(7) 42 17'% Am Hawatian S S (2) 23% Am Hide & Lea pf. .. 40 Am Home Prod 4.20. 29 AmIceCo (t4). . 29% Am Internat (22). 214 Am La F & Foamite. 90 * Am Locomotive (8).. 111% Am Loco pf (T)..... Am Machine Co (17) 81% 311 Am Metal ()......, 135 106 Am Metal nf (6 17% % Am Plano. o 64 Am Pow & 1) 924 Am Pow & Lt pf (6), 727% Am P&L of A st (5). 28 Am Ra&Std San1%. 12% Am Republics. ... 60 Am Roll MIl) (e2) 44 Am Safety Razor(5). 41% 18 Am Seating (2). 130% 62 Am Sm & Ref (4). 138 123% Am Sm & Ref of (7). 49 38 Am Snuff Co (13%).. 35% Am Steel Fdv (3). 40 Am Stores (12%)... 56 * Am Sugar Rfg (5).. 99 Am Sugar Rfg pf(7) 60 18 Am Sumatra (3)..... 310% 193% Am Tel & Tel (9). 2323% 160 Am Tobacco (110). .. 235 160 Am Tobacco B (t10) 121% 114% Am Tobacco pf (6).. 181 115 Am Type Fdry (8) Am Water Wks (c1). Am Zinc La&Sm. 111% 49% Am Zinc pf (6)...... 67% Anaconda Coor /7).. Anaconda W&C (3).. Anchor Cap (2.40)... Andes Copper (3)... 49% 18% Archer-Dan-M (3) 16% Artloom (2). . 30% 20% Art Metal Works(3) 298% 195% Atch T &S Fe (10).. 104% 99 Atch T&SF pf (5)... 209% 161 Atl Coast Line (110). £67 324 AtIG & W Indles.... 62% 45% AUG&WLpL (4).. 77% 30 Atl Refining (12). 140 67 Atlas Powder (15)... 17% 5 AtlasTack..... 514 120 Auburn Auto (j4)... 1% 49% Austrian Cred 35% 4 Autosales. 45% 20 66% 15 Baldwin Loco (1.75). 145% 105 Baltimore & Ohlo (T) 81 4% Belding-Heminway.. 104% 25 Bendix Aviatidn (2). 60% 25 Best& Company.... 140% 78% Bethlehem Steel (6). 128 116% Bethlehem St pf (7). 61% Bloomingdale Bros 30 Bloomingdale ctfs 136% Bohn Alumn&B (16). 2 Bon Aml, A (16).... Booth Fisberies. . Booth Fish 1st pf.... Borden Co (k3) . Borg Warner (4). Boston & Maine. 2% Botany Con M (A). 8i5 Briggs Mfg...... 17% Briggs&Stratton(2). 1l :m.un Empire Steel i 86 Brown Shoe Co (3).. 16% Bruns-Balk-Col(3).. 4% Bruns Ter & Ry 8... Bucyrus Erfe (1).... 26% Bueyrusevpf (234). 8% Budd (EG) (11%).. 7% Budd Wheel (1) Bullard Co (12) 21% Bulova Watch (3) 29 Burronghs AM(11.30 31% Bush Term (g2)..... 2 Butte Cop & Z (50c). 4% Butte & Superior (2) 17% Butterick Co. Byers (A M) 47% 20 By-Prod Cok: 84% 63% Calif Packing t4). 4 1 Callahan Zinc & L. 136% 73% Calu & Aris (10). 61% 25 Calumet& Hec (4%4) 49'5 19% Campbell Wyant (3). 98% 45 CanadaDryGaA (6). 265% 185 Canadlan Pae (10)... 48% 28% Cannon Mills (2.80) 65% 17 Capital Adm (A).... 39% 29 Capital Adm A pf(3 467 130 Case (J 1) (6) 61 50% Caterpillar Trac (3 424 6% Cavanagh-Dobb: 79% 31 Celotex (3). 52% Cerro de Pasco (6).. Certain-teed Prod 44% 16 Chi Mil St P&Pao. . 68% 28% Chi M1l St le‘gl. Chi Pneu T pf (334). 143% 101 ChiRI&Pao (7).. 94% Chi R1& Pacpf (6). 25 Chickashu CO1l (3). 44% Childs Co (2.40). 26 Chrysler Corp (3). 39% City Ice & F (k3.60). Th . City Storea (1) 25 Clark Equipmen! ~bd% 101 50% 44% Coea Cola A (; Collins & Atkm: 42% Col Gas&E rcts ptpd. 50 Col G&E rets full pd. 16% Columb Graph(87c). 105 Columbian Carb(16). 18 Com Credit i2)...... 28 Comm Credit A 28% Coml Inv Tr (£1.60). 10 Com Inv Trst war... 87 Com Inv Tr pf(6%).. 20% Comm Solvents (1),. 10 Commé&So(bb%stk). Olives raised in Spain this season will have a total weight of 550,000 tons. . 35 Conde Nast Pub (2).. ] 11 Congoleum-Nairn... 43 CongressCgrs t5%). 40 Consol Cigar (1).. 2 caflananelenBenloSomnneanBon 3 1 101%1 7 80% 30% 0874 384% L 24 74 01% 80 14 36% Contl Bakine of (8).. Contl Can ¢2%). .. Contl Dia Fibre (3) Contl Insur (2.40). Contl Motors (80¢) Cont! Ofl of Del Coty Ing (23).. Cream 8f Wht( Crosley Radio ($1).. Crucible Steel (k5).. Cructble Steel of (7) % Cuba Cane Rugar. Cuba Cane Sug ctfs. . Cuba Cane Sugar of. Cuba Cane S pf ctfs. . Cuba Co.vuvvcnnanns Cuban-Amer Sugar. . ‘Cuban Dom Sugar... Cudahy Packing (4). Curtiss Wright Corp Curt Wright Corp A. Dupont d N deb () Fastman Kodak( Eaton Axle & 8 (3) Eitingon-Sch (2%) Eitingon pf (63) Elec Auto Lite (8! Electrio Boat. . El Pwr &Lt (1)... El Pwr & Lt pf (7).. Elec Storage Bat (5) Elk Horn Coal. Emerson-Brnt B. Endicott-John (5)... Endicott-John pf ( Eng Pub Serv (11) Eng Pub Sve of Equitable Bldg(3%). ErleRR...... . Erfe R R 1st pf (4)., Eureka Vac Cl (4)... Evans Auto L(23%). Fairbanks Morse (3) Fash Pk Assoc (k2% Fash Pk Asso pf (T). Federated Dept Strs. Fed Mining & Smit b Florshelm Shoe A. Follansbee Bros (3).. Foster Wheeler (2).. Freeport, Texas (15) Gabriel Snub A Gamewell Co Gen Cable pf (7). Gen Cigar (4).. Gen Electric (18) Gen Elec speo (60c Gen Electric (new).. Gen'l Food Corpn (3) i Gen Gas&El A (te2). Gen Mills (13%). Goodyear 18t pf (1).. Gotham Silk H (2%) Gould Coupler. Voo Granite City Stl (4). Grant (W T) (1) GtNetfsO. P (a33) Grt West Sug (2.80). Grigsby Grunow (1), Guantanamo Sugar.. Gulf Mo & North. .., Gulf Mo & N of (6).. Gulf Sta Steel (4). Hahn Dept stor Hahn Dept S pf. Hall (WF) (ot1%). Hartman A (2) ¢ Hartman Corp.B 1. Havana Elec Ry..... Hayes Body b3 % stk Helme (Geo H) (17). 4 Hercules Motor 1.80. Hercules Powdr (14) . Hershey Chocolate. Hershey Choo pf (4). Hershey Ch pr pf(6). Hoo (R) &Co. ...... Holland Fur (e2%). Houdaille Her B(2)., Household Prd (14). Housten Ofl... Howe Sound (16).. .. Hud&Man Ry (3.50). Hudson Motor (5 Hupp Motor (£3) Indian Refining. Indlan Refining et. .. Indus Ray(b6% stk) Ingersoll-Rand t7% . Inland Steel (3%)... Inspiration (4). . % Insurance shars 45e. Interboro Rap Tran. Intercontinental Rub Intl Agricultural Int Bus Mach (c6 intl Harvester (3% Intl Harv pt (7) M Int Nickel of Can Intl Paper pf (7) Intl Pap & Pwr pf(7) Intl Printing Ink (3) Intl Rys Cent Am. .. Int Tel & Teleg (2).. Inter Dept 8t (2).... Intertype (£11%)... investors Equity(3) Island Creek Coal(4) Jewel Tea (4)., Johns-Manville (3). Jordan Motor Car... Kan City Sou (5).... Karstadt (R) (1.02). Kautmann DS (1%) Kayser Jullus (4)... Keith-Albee-Orph. .. Keith-Albee-O pf (7) Kelly-Spring Tire... Kelsey Hayes (3)... Kelvinator Corp. Kennecott (5). Kimberly-Clar] 5 = ~BrunRmnlaounanans vSSnaane » - BedEBlumatnn 250 uBaatne enanana ™ =38 Port Cem (23 Lehigh Valley Coal. . L.eh Val Coal of (2} Lehizh Valley (14%) Lehn & Fink (3) Liggett & My (15)... Ligrett & My B (15). Lima Locomotive. .. bonte (1434). Inc (43%).. Inc of (6%). LOTE 6. . ovso Long Bell Lumb A. .. Loose-Wiles (2.60).. LouG&EIA (1%). Louls & Nash (7). Ludium Steel (2 Ludlum St 4 McAndrews&F 12.85. McCrory pf (6) Mclntype Pore M(1) McGraw-Hill (2)..., McIKeespt TP t4%.. McKesson & Rob (2) McKes & Rb 0f(3%). McLellan S A (m20). Mack Trucks (6).... Macy (RH)&Co(ct3) Madison Sa G (1%). Magma Copper (§).. Mallinson & Co. 9 . Man Shirt (3). racaibo Of1 Market St Ry pr pf Marlin-Rockwell(t6) Marmon Motor (4).. Martin-Parry....... Mathieson Alkilf (2) iMay Dept Stors(e2). Maytag Co (12)..... Maytag Co pf (3). Maytag Co 1st pf(6). Melvilie Shoe (1.40) . Mengel Company (2) Mexican Seaboard. Miamni Copper (4)... Michigan Steel (13) Mid-Contin (2), Middle States O1l ct. Miller Rubber. Minne&Hon Reg Minn Moline Pwr. Minn Moline pf Minn & St Lo M6 Kan & Texas....: Mo Kan & Tex pf(7) Missour! Pacific..... Missouri Pac pf (5).. Mohawk C Mills (3). Monsanto Ch (g1%). Montgomry Ward(3) Moon Motors. .. o3 - o o e Mother Lode (40¢). ., Motor Meter G & B. . Motor Products t19, = Murray Cor(b2% stk Myer(FE)& Bro (3). Nash Motors (6).... M orBtnanaBlacivalalnavnBon-Sonumoto~NeSsanaearanSRoneSEeSouenSan Natl Bella Hess(31). Nat Biseult (17%).. at Biscuit (new). .. at Cash Rex, A (14) Nat Dairy (32). Natl Dept Stores. Natl Distillers NatlEnameling (2 Natl Lead (5). 1 Pwr & Lt Natl Radiator, Natl Radiator pf Nat Supply (17).... Natl Surety (5). Nat Tea Co (2). ada Copper (3).. port Co A (3)... ton Steel (3).... Y Alr Brake (3.60) F e Y Dock.....s . NH & Hart (§).. N YOnt& West. N Y Ratlways pf. Norfolk Southern Norfolk&Wstn(112). North Am(b10% stk) N NY NY NY N NY o PoorsnusnmuaBan 9Bl —amaEare Oliver Farm Equip. . Olivr Fr Ep cv pt(3). Olivr Fr Eq pf A(6).. Omnibus Corp. . Omnibus pf A (8)... Oppenheim Col (5). Otis Elevator (18)..; Otis Steel (3%).. Owens I11 Bott! Pacific Coast. - B Paramount-F-L (3).. Park & Tilford (33). Park UtaB..ov...eee Parmeles Trans 1% Pathe Exchange. ... Pathe Exchange A . Patino Mines (3.89).. Penlick & Ford (1) Peerless Motor Car Penney (J C). ) Fala Pennsvivania RR(4) Pet Milk (13%). Pnelps Dodge (3). 4 Thila Company (17). Phila Co 6% pf (3).. Phila& ReadC& 1. Philip Morris (1), Phillips Pet (2). Phoenix Hoslery. Plerce Petroleum Pilisbury F1 (12%).. Pirelli Co A (2.88)... Pittsburgh Coal pt. . Pittsbgh Screw 1.40. Pitts Terminal Coal Poor & Co (B) (2). P Rican Am To (A) P Rican Am To (B) Prairie O&G (12%) Prali ipe L (16) Pressed Steel Car Public S, N J (1 Pub Sve NJ pf ¢ 4 Pub Svc B&G Pullman Corp Punta Alegre Sugar. Radlo Corp. Radlo pf A (3%). Radio pt B (5). Radio-Keith-Orph A. Raybestos Man 2.60. Reading (4) Real Silk (5). ...+ Rem Rand (60¢). Reo Motor (11.40) Repub Ir & Sieel( Revere Cop & Bra Richfield O1l (2) Grande O11 (k2 ter Dent Mfg (13) 12108 (220)... 6% 14% % 50 2% cagaacaaads BunnnrnnLL,® v k. Plus 115% Sloss-ShefMeld pf (1) 1 80 p: 3 Sparks Withngtn(1), 15 Spencer Kelg (1.60). & 4 2 22% Spicer Mfg. .. . 22% Spicer Mfg pf (3).... 40% Splegel-May-St (3).. 15 39% Stand Brands (1%).. 219 26% StandCom Tob (1).. 65 4% 4 4 Stand Gas & El1 (3%) 39 114% 109% 114 109% StandG&EDL (4)... 5 64% 64% 64% Stand Invest Corp... 7 8 8 Std Oflof Cal (h3%). 34 9% 60 50% Stand OIIN J (13)... 105 64% 64Y% Stand O11 N ¥ (1.60! 321 324 Stand Plate Gl AN 1% Starrett (LS) (12 30% 3 ing Seo A). 10 ing Seo pf(1.: 12 Sterling Sec ev pf(3) 86% Stewart Warn (j3%) g 37% Stone & Webster (2). 8 80 Studebaker (236). A% 1% “ @ g 2 3 Leather pr pf(7) 814 Pipe & Fary (3). 18% Pipe 1st pt (1.30) 16% ubber 1st pt. 49 Smelt Ref (3%). Smelt Ret pf 3% - 2% Steel (18) 16414 U S Steel pt (1) 141y Wextark Radio (e2). 21 Westvaco Chlor (2). ] 3 White Eagle Ofl (2).. 6% 27 White Motors (2)... 314 WhiteRock M S (f4) 3ty White Sewing Mach.. % 7 White Sw Mch pt(4). 29 Wilcox Ol & Gi " Wileox Rich(A): 26% Wilcox Rich B (c3) Willys-Over (e1.20 Willys-Over pf (7) Wilson & Co. Wilson &Co A. Wilson & Co pf Woolworth (2.4 4 Reynolds Spr.Jan 24 1 % Utd Gas Im..Dec 311075 14 14 Sales of Stocks on New York 2 ased on it of trading, k. §Plus §: 0 toc! k. )25 St ‘Share in’siock: Savage Arms (2). 6' ‘ Schulte Retall Str. 6 . Scott Paper (11.40) 5 Blly 5173 .. q 10 24 Seagrave (e1.20).... 10% Sears Roebck (12%) 7 econd Natl Inv ctfs. Sec Natl Inv pf (5) Seneca Copper. Servel Ino. . 7 8 Sharon Steel H (2). 2 Sharp & Do pf (3%). Shattuck(FG) (11%) Shell Union (1.40). Shubert Thea 9 8 8 Simmons Co ( 4 Stmms Pet (1.60) 2 2 Sinclair Con Ol (2) 8 28% 7 30% 4% b4 South Dairies, A1%. 1 18 Southern Dairles B., 3 Southern Pacific (6). 5 119% 118 118% 118% Southern Rwy (8). 7 136% 135% 135 135% SouRvM&Oct(4). 2 90% Spalding (AG) (2)... 2 33% 32% 326 % 3 3 3u 90% 106 19% A 204 5% 64% 3 10% 57 6% 18 8% 2% 8 116% 13 56 .- 53% Texas P C & Ofl (b5 10% Texas Pac Land Tr. . 14 Thatcher Mfg (1.60). ‘19% Thatcher pt (3.60) 42 The Fair (3.40) 2% ThompsonJ R (3.60) 1 h 3% Tide Water Asso 60c 132 1% Tide Wat Asso pf(§) 3 ‘Tide Water O11(30¢c). Timkn Det Axle 18 1 8% 15% 30% Do 16 Truscon Stl (£1.20)., 37 Twin City Rp T (4).. 25 Und Elltod Fishr (§). 94% Union Bag & Paper. . 11 Union Carbide(2.60). k(3 Union Oil of Cal (32) 4 . 44y Union Pacifio (10). 212 Union Pacific pt (4 83 4 Utd Afrcraft&Trans. 45 Utd Alrcraft&T pf 3. Utd Biscuit (1. Utd Carbon (2) Utd Cigar Stor . United Cigar Strs pf. 10 Utd Corporation. ¥ Utd Corp pf (3). TUnited Elec Coal Utd Fruft (ed). 96y 7 21 4 Utd Stores pf....... U 'S & Forelgn Secur 21% U S & For Sec pt(6). 86 U S Freight (3) 100 - 100 102 18 a 5 : g 1324 % 15% ity (5) 2‘& 601 334 3 & Util Pwr Lt, A (e2).. 30% Vadsco Sales Corp. .. 3% 48% Vick Chemical (2%). 3 % Virginia-Car Chem. . 5% Virginia-Car % pf.. 27% Wabash. ..., Wabash pf (A) (5) ‘Waldorf Systm (1%) Walworth Co (2) 26% A 26% Ward Baking B 4% Ward Baking pf (7. 58 Warner Bros Ple (4). 39% ‘War Bros P pf(2.30). 36 Warner-Quinian (2) 20% 204 20 130% 130% 132 5% 6% 54 224 23 514 1% 26% 22 334 30w 14 Worth Pump A (7) Wright Aero (2). Wrigley Wm (4). Yale & Towne (15).. Yellow Truck & C. Young Spring (3) Young Sheet & T Zenith Radio (3. A T % RIGHTS EXPIRE 4 Col. Carbon..Mar.11 6 2% 2% 2% N Y Central..Jan 31 5 5 Penn Ry. . 2% 3 Peo. Gas & 0. .Jan.15 l; 12% 1l 12% 1 W 8 B «Janl5 135 3 466,600 12:00 Noon. 549.600 3:10 . ock. o o th e POWER WAR LOOMS IN MARYLAND MERGER Spectal Dispatch to The Star. BALTIMORE, December 30.—A war between two giants in the electric pow- er fleld, with much of Maryland, out- side of sulzlunc;re'. t‘h’e t‘l‘lr% stakes, is in rospect_followini ORI Liatake O e anen small Utlities as & subcidiacy of a large concern, operating in 14 tates. ' The Consolidated Gas, Electric Light & Power Co. of Baltimore, & prosperous and constantly expanding concern, and the Empire Public Service Corporation, which is seeking to unite the small Maryland utilities, are the two prin- cipals. pwmle the Consolidated has its prin- cipal field in Baltimore, the company has been extending its service to other of the State. It has already come in conflict with some of the interests back of the proposed merger, when those interests were competing with the Consolidated for territory in Southern Maryland. i The concern which battled the Con- solidated on the Southern Maryland front is the Suburban Electric Power Co., one of the companies it is proposed merge. The Maryland companies in the mer- !er are Maryland East Coast Utilities, nc.; Better Ice & Electric Co., Home 2 Public " | Sews List Shows Gains in Early Trading. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, December 30.—Ex- | tensive -year-end' readjustment of spec- ulative accounts brought about an ir- regular price movement in today's stock market. Prices headed upward at the opening, but turned heavy around midday, when fresh selling broke out in the copper, rubber and merchandis- ing issues. Many of the early gains of 110 5% points were cut down and sev- eral of them were converted into net declines by early afternoon. ‘This was the last day in which stocks could be sold the regular way for the purpose of establishing income tax losses, and it was apparent that much of the day’s selling was for that reason, lll(‘ennzcott was the ‘irlnelnll target of selling pressure in the T X yielding 3 points. mmflgl?l:l shares received fairly good suj , the maintenance of the $7 annual dividend 68 | On Anaconda and the abllity of the pro- ducers to hold the official rate for cop- per at 18 cents'a pound having had a :g:ency to' check liquidation in that p. Rubbers were reactionary, all the Pisk Issues sagging to new low levels for the year, while United States Rubber first y:::e;r:d dropped 3 points and Good- A fresh outbreak of selling in Sears Roebuck carried that issue !hwn more 2 points to 8215, or just 2'; points nbubv:r t:e lg{vl ;‘;‘ub'ltlshed in the Nov- em| reak, it uick; ua.“-bove T quickly snapped money was firm at 6 . with indications that the er"r"\::l‘d not go above that level, despite the heavy year-end currency demands. The time money market was quiet, but a business was rted in bankers' acceptances, with no ‘change in rates. United States Steel furnished im- pressive leadership in the final hour and the entire market displayed con- :ld!r]:ble vlullty.‘lluch' of the mid- ay loss was repaired when the shorts began to buy, pushing up several favorites to the best prices of the day. Utllities were conspicuous in the re- bound. International Telephone, Amer- ican Foreign Power, United States Steel, General Electric, Electric Power & Light, Westinghouse Electric and Johns- Manville sold 3 to 4 points above Satur- day’s close. The close was firm. Sales approximated 3,700,000 shares, NEW YORK, December 30 (#)— Stocks irregular; United States Steel leads rally. Bonds mixed; high-grade ralls steady. Curb irregular; Stutz at new low on bankruptcy petition. elgn exchanges irregular; peseta at new 1929 low; Japanese yen at new 1929 high. Cotton easy; - em" l;llln‘: B&[;r lower; spot. offerings. ee easy; disa) t- ing Brazilian markets. - PPOI-II CHICAGO, December 30 (#).—Wheat casy; excellent Winter wheat reports. Corn easy; predictions large contract deliveries, Cattle irregular, Hogs steady. Business Notes By the Associated Press. NEW YORK, December 30.—The oil, paint and drug reporter says that the average price of crude petroleum in 10 producing flelds was unchanged last week at 1612 a barrel. Gasoline at refineries also showed no change at 7.66 cents a gallon. statton prices at 10 leading markets held at 19.22 cents. Earnings of Duplan Silk Co. for the six months ended November 30 equaled $1.63 & share against $1.40 T0aatnterl T ey The sugar melt in 15 United States refineries from January 1 to December 21 totaled 4,730,000 long tons, against 4,540,000 in the same period of 1928, Crude rubber stocks on hand in Lon- don totaled 54,260 tons on December 28, an increase of 366 tons over the previous week. . MONEY MARKET. NEW YORK, December 30 (#).—Call money renewed at 6 per cent today, un- changed from Friday's closing rate, which carries over through Saturday, and held firm at that figure. Continued firmness was ascribed to the transfer of funds to the interior for last-minute, “window dressing."” . time-money market was dull, and the rates for all maturities, were un- changed. There was an active market for bankers' acceptances. Asking rates were unchanged at 4 per cent for 30, 60, 90 and 120 s and 45 per cent for 150 and 180 day bills. sl el TRy METAL MARKET. NEW YORK, December 30 (#).—Cop- per quiet; electrolytic. spot and future, 18. 1Iron irregular; No. 2 f.0.b, Eastern Pennsylvania 20.00a21.00 Buffalo, 17.00817.50 labama, 13.00a15.00. 'in easy; spot and nearby, 39.25; future, 39.75. Lead steady; spot, new, 6.25; East St. Louis, 6.10. Zinc quief East 0% | St. Louls, spot and future, 5.45. Anti- mony, 8.50. Quicksilver, 124.00. —— NEW YORK BANK STOCKS. NEW YORK, December 30 (Special).— Bid. Ask America .. ho M Amer Union Bank of U'S ) Bmrazanannans i 283828555 seB¥EET oo 85 25 Yorkville TRUST COMPANIES. Banca Comm Ita ne Siclly .. ki Cent Union Cent Union County ex rt: Empire ... Farm L Fidelity Fulton . i Int Germanic BaaBizat 3Eage835a8 § Sag8 ek Electric Light Co., Antietam Electric }::vzmchm-mc Light & Power Co., Emmitsburg Elec- | Law ‘Tiiie ‘& G- "fim Co., Midland Electric Light Co., Municipal units' . M & Power Co., Trappe Electric Light Co., Lo Power Co., Somerset El urban El Electric & Power Co. 3 n-m'fi imes_8a