Evening Star Newspaper, January 14, 1930, Page 14

FEDERAL RESERVE BANK LOANS DROP Security Lendings Decline $374,000,000 in New York. Up at Dallas. BY EDWARD C. STONE. Pederal Reserve Board's condition | statement of weekly reporting mem- ber banks in leading cities on Jan- uary 8 shows decreases for the week of $531,000,000 in loans and investments, $696,000,000 in net demand deposits, $61,000,000 in borrowings from Federal Reserve banks and $36,000,000 in Gov- ernment deposits and an increase of $60,000,000 in time deposits. Loans on securities declined $418,- 000,000 at all reporting banks, $374,000,- 000 in the New York district. $30,000.- 000 in the Chicago district, $12,00,000 in the Cleveland district, $9,000,000 in the Boston district and $6,000,000 in the Richmond district; and increased $6,- 000,000 in the Dallas district. “All othe Joans declined $171,000,000 at all report- ing banks, $73,000,000 in the New York district, $41,000,000 in the Chicago dis- trict, $20,000,000 in the Cleveland dis- trict, $18,000,000 in the Boston district, $11,000,000 in the Dallas district and $9,000,000 in the Atlanta district. Insures Personal Loans. A large insurance company now offers a contract prepared for the purpose of making bank funds more accessible to persons in need of loans, at the same time protecting the banks from ioss in case of the death of borrowers. The new contract, which is called creditors’ group insurance, is being of- fered to regularly incorporated banks that make, or intend to make, personal loans to individuals on notes unsecured by collateral, but carrying one or more personal indorsements. This insurance can be obtained only on individuals making personal loans which are to be repaid in regular in- stallments. It is not to be issued on commercial loans. In case the borrower dies, his debt will be canceled through yment of the insurance money. which E.l.lmlhed to $5,000 for any one loan. Washington Mechanics’ Votes Bonus. The directors of the Washington Me- chanics’ Savings Bank have declared a bonus of 5 per cent of yearly salaries to all officers and employes of the bank. ‘The directors of the Washington Me- chanics’ Mortgage Co. have declared the regular 2 per cent quarterly dividend, payable January 15 on stock of record on January 10. Commodity Prices Ste: Commodity _prices remained un- | changed for the week ended January 11, according to the wholesale price in- dex of the National Fertilizer Associa- tion. The index remained at 94.6 per cent of the three year basis, 1926-28, which is the lowest average for the en- tire history of the index. Six groups showed declines and only two advances. The larger declines were in fats and chemicals and the only sig- nificant advance occurred in live stock. Of the total number of items, 33 declined and 21 advanced. In compari- son with the like week a year ago, a decline of 2.2 per cent is shown in the total index and 12 groups show de- clines, while only 2 record advances. Fourteen New Bank Directors. Fourteen new bank directors were elected to boards in this city in con- nection with the annual meetings of all the national banks and many of the savings banks and trust companies. The boards with the new additions are printed elsewhere in today's Star. The Washington Savings Bank added five new names, the most of any local institution. ‘The Morris Plan added three while the District National put two new men on the board. The National Metropolitan, Washing- ton Loan & Trust Co., and the Federal- American Natlonal each added a new director to their boards. ; In the organization meetings held up to 2 o'clock today, no important changes had been made in any bank officers. Mergenthaler Market Leader. Mergenthaler Linotype led trading on the Washington Stock Exchange today with the sale of one block of 150 shares, another of 100 shares and a third of 50 shares, These sales were all made at 106'z. The market opened with 10 shares selling 10635 Commercial National Bank stock sold in 5 and 10 share lots at 255, the same price which has prevailed for many weeks. Lanston Monotype opened at 118, dropped to 116 and closed at 116 on a small turnover. Bonds were unusually active. Capi- tal Traction 5s came out at 92!: and advanced to 923,. Washington Railway & Electric 4s moved at 82'; on two $4,000 sales. ‘Washington Gas 6s, series A, moved at 102 and the B bonds sold at the same figure for very small denominations. Baltz Elected Secretary. At the regular monthly meeting of directors of the Perpetual Building As- sociation, Eleventh and E streets, yes- terday, Edward C. Baltz was elected secretary, succeeding the late Joshua W. Carr, and Raymond K. Espey was elected assistant secretary, succeeding Mr. Baltz. Mr. Baltz has been con- nected with the association for the past 20 years, serving it in various ca- Ppacities. The growth of the association has been so rapid during the past few years that it now ranks twentieth in size on a list of 13,500 building asso- ciations throughout the United States. CHICAGO LIVE STOCK MARKET CHICAGO, January 14 (#) (U. S. De- partment _of Agriculture) —Hogs—Re- ceipts, 27,000 head, including 6,000 direct; market opened 25 higher; late trade, 25 to 35 higher; bulk, 140-210 pounds, 9.85 to 10.00; 220-300 pounds, .50 to 9.85; packing sows, 8.25 to 9.00: butchers, medium to choice, 250-300 pounds, 9.25 to 9.80; 200-250 pounds, 9.50 to 10.0; 160-200 pounds, 9.55 to 10.00: 130-160 pounds, 9.50 to 10.00; packing sows iga’, iwtwonwtgdgthg pigs, medium to choice, 90-130 pounds, 9.25 to 10.00. ! Cattle—Receipts, 7,500 head; calves, receipts, 2,500 head; generally steady trade on yearlings and light steers; all grades of ‘the latter getting dependable action; heavy steers continue slow, dull, weak: best light steers, 16.00; slaughter classes, steers, g 850 pounds up, 8.75 to 12.75; ings, good and choice, 750-950 pounds, 13.25 to 16.75; heifers, good and choice, 850 pounds down, 12.50 to 15.75; com- mon and medium, 8.00 to 1 good and choice, 8.00 to 10. and medium, 650 to 8.25; low cutter and cutter, 5.00 to 6.75; bulls, good and chiece (beef), 9.25 to 9.85; cutter to medium 7.00 to 9.50; vealers (milk fed), good and choice, 13.00 to 16.00; me- dium, 11.00 to 13.00; cull and common, 7.25 to 11.00; stocker and feeders, steers, good and choice, all weights, 10.50 to 11.25; common and medium, 8.00 to 10.25. Sheep—Receipts, 13,000 head; market steady to strong; early bulk fat lambs, 13.50 to 13.75; several loads, 14.00; some held higher; fat ewes steady around 7.00; feeding lambs nominal; lambs, good and choice, 92 pounds down, 13.25 to 14.25; medium, 12.00 to 13.25; com- mon, 10.50 to 12.00; ewes, medium to choice, 150 pounds, down 5.50 to 7.75: cull and common, 3.00 to 5.75; feeder lambs, good and choice, 11.65 to 13.10. it et AT from the local pigiron market nm buying is restricted to small lots and that about 4,000 tons were sold last Dealers are looking for bet- ter buying toward the end of the month. 57% 34 112% 1047% 310% 235 17 12% 56% 44% 34 105% 964 894 110% 4 136% 61% 98% 266% 48% 467 0% 279% 23% 63% 44% 68% 1085 471% 143'% 109 36 6% 135 62% 105% 27 2% 154% 50% 8%, 344 62% 515 96% 79 109 63 246 24% 35% 3314 110% 28% 4T 45% 126% 144% 82% 31 125 121% 116% 5% % 18% 95 6% 677% 182 118 30% 3T% 121% 69% 128 226 | 7w 385 115% ~Prev. 1020~ Sales of Each Stock Compiled to 1: Stock and Bales— Low. Dividend Rate. ~ Add 00. High, 344 Abitibl Power & Pap. 4 28 & 20 Adams Expr (1.60) 100% Abraham & St pf (7). 7 Advance Rumley 15 Advance Rumley % Ahumada Lead...... Alr Reductn (14%) 18% Air Wal El Ap (2%). 1 © Ajax Rubber. uneau. 17 8% 19412 Albany & Sus (111). 20s 215 17 Alleghany Corp. . 204 26% 90 Alleg Corp pf (5%) 1 98 80% Alleg Cpf (5%)xw.. 2 91 197 Allied Ch & Dye(n6). 10 270% 118% Allled C&Dpf (7)., 1122 354 Allis-Chalmers (3) 11 51% 171 Amerada Corp (2). 20% 18 Am Argicul Ch pf. 65 Am Bank Note (13). 5% Am Beet Sugar. . 27 ~Am Bosch Magneto.. 41 i 40's Am Brake Shoe(2.40) 2 48% 113 Am BrS&F pf (7)..110s 118% 4% Am Brown Bov Elec. 14 104 49% Am Brown BEpf(7) 30s 63% 86 AmCan (4).. 160 124% 20 Am Com Alco( 3 31% 255 1 1 3 4 5 50 Am & For Power. 86% AM&FOR Po 2d p 17% Am Hawalian S 8 (2) 40 Am Home Prod (4.20) 29 AmIceCo (t4)...... 29% Am International (2) 214 Am La F & Foamlte. 274% Am La Fr & Foam pt 90 Am Locomotive (8). 31% Am Metal (3)....... 641 Am Power & Lt (1) 921 Am Pow & Lt pf (6). 70 AmP&LDLA (315) 72% Am P&L pf A st (5). 28 Am Ra&Std San1%. 124 Am Republics 60 Am Rolling Mill (2). 44 Am Safety Razor (5) 17 Am Seating (2). Am Shipbuilding Am Sm & Ref (4). Am Snuff Co (314) Am Snuft pf (6) 35% Am Steel Fdy (3 110 Am Steel Fdy pf ( Am Stores (2) Am Sugar Rfg ( 3 12 3 Am Tel & Ca (5) 193% Am Tel & Tel (9). 160 Am Tobacco (B) (8). 50 Am Water Wks (n1). 97 Am Water W 1st(6). 5% Am Woolen. 15% Am Woolen pf 7 AmZincLd&Sm... 2 1% 67% Anaconda Copr (7).. 150 741 25 Anchor Cap (2.40) 18t% Archer-Dan-M (2).., 5% Armour 11 (A). 2% Armour Il (B).... Armour 111 pf (7). Artloom pf (7). Asso Appl Ind (4 Asso Dry G (234)... 34% Asso Ofi (2). 1954 Atch T & S F 99 Atch T&SF pf (5 324 At1G & W Indi 45% AtIG&W Lpf (4).. 30 Atl Refining (12).... 67 Atlas Powder (4). 120 Auburn Auto (J4)... 13 Autosoles Corp pf. .. 34 Auto-StSafRA (3). 4% Aviation Corp Del. .. 15 Baldwin,Loco (1.75). 109% Baldwin Loco pf (7). 105 Baltimore & Ohio (7) Bang & Aroos (3%) Barnsdall, A (2).. Bayuk Cigar........ Beech-Nut Pkg (3).. Belg N Ry pt pf 5.49. Bendix Aviation (2). Best & Co (2). . 78% Bethlehem Steel (6). 116% Bethlehem St pf (7). 23 Bloomingaale Bros. . 17 Bohn Al & Brass (3). 53 Borden Co (k3)..... 26 Borg Warner (4). Boston & Maine. ..., 2% Botany Con M (A)... 815 Briggs Mfg. 14 Brockway M ¥ Bklyn-Manhbat (1) 7 Brooklyn & Queens. . Bklyn Union Gas (5) 36 Brown Shoe Co (3).. 26% Bucyruscv pf (2%). 107% Bueyrus pt (7). 7% Budd Wheel (1 16% Bruns-Balk-Col. 41 Bruns Ter & Ry 8. 21% Bulova Wateh (3)... 88 Burns Brospf (7)... 29 Burr Add Mch (80¢). 31% Bush Term (82)..... 91% Bush Term deb (7). 2 Butte Copper & Zinc, 4% Butte & Superior (2) Byers (AM)........ Callahan Zinc & L. ... 73% Calumet & Ariz (10). 26 Calu & Hecla (ad13). 45 Canada Dry G A (5). 185 Canadian Pac (10)... 27 Cannon Mills (2.80)., 130 , Case (J 1) (6). 50% Caterpillar Tra 6% Cavanagh-Dobbs. Cavahagh-D pt(6% Cent Aguirre As 1%, 27% Cent Alloy Steel (2). s 6 33% 50s 114% 18 Cbecker Cab (4.20).. 160 Ches & Ohio (10).... 421 Chesapeake Corp (3) 7 & 17% ChiGreat Westn pf. 16 Chi Mill St P&Pac. .. 28% Chi Mill St P&Pac pt 75 Chicago & N W (5).. 21% Chi Pneu Tool. . 101 ChiRI& Pac (7). 100 ChiR [ & Pac pf (7). 21% Chi Yellow Cab(3).. 44% Childs Co (2.40) Chrysler Corp (3 2 ST 2 116% 5 1074 108 1 City Ice & F pf (6%) 7% City Stores (1)... 3414 Cluett Peabody (4). 101 Coca-Cola (4).. 44% Coca-Cola A (3) 27% Colo Fuel & Iron.... 65% Colo & Sou 1st pf (4) 52 ColGas&El (2)...., 99% Col Gas & E1 pf A (6) 86 Col Gas & El pt B(5) 16% Columb Graph (87¢). 105 Columbian Carb (16) 18 Com Credit (2)... 28 Comm Credit A (3). 65 Com Cristex w6l. 28% Coml Inv T (£1.60). 96 Com Inv Trpf (7)... 20% Comm Solvents (1).. 105 Comwlth Power((4). Comwlth&Sou(60c). Congoleum-Nairn Congress Cgr (15% ). Con Cgr pr pf x wé '4 Consol Film (2) 15% Consol Film pf (2).. 804 Consol Gas N Y (4).. 9214 Consol Gas NY pf(5) % Consol Textile . 3% Container Corp B.. 25% Contl Baking A. 4% Contl Baking B, ..... 79% Contl Baking pf (8). 33 Contl Bank (1.20) 40% Contl Can (23%) 20% Contl Dia Fibre (3).. 46% Contl Insur (2.40). .. 5% Continental Motors. . 18 Contl Oil of Del 28% Contl Shares (1). 70 Corn Prod (13% 137 Corn Prod pf () 20% Coty Inc (82) 24 Cream of Whi( 15 Crosley Radio (1). 71 Crucible Steel (k5) 108 Crucible Steel pf (7). % Cuba Caj % Cuba Cal 1% Cuba Cane Sugar pf. 5 CubaCo..... 6% Cuban-Amer Sugar. . 56 Cuban-Am Sug pf... 1 Cuban Dom Sugar. .. 36 Cudahy Packing (4). 100 Curtis Tublishing (8) 1121 Curtis Publish pf(7). 6% Curtiss Wright Corp. 18% Curt Wright Corp A. 58 Cutler-Ham (3%). 21% Davison Chem. 109 Deere & Co pf ( 141% Delaware & Hud 49 Denv&RG W pf 151 troft Edison (8 102 voe & R 1st pf ( 11 6 197 200 103% , 10 928, 2408 141% 68 28 408 % 1 46% 1115 2 115 46 % 26 15% 4 79 2:30 P.M. Prev. Low. Close. Close. 26% 26% 28 45% 48 4me 118% 118% 9% 10 6315 681 123% 123% 31 3% 102% 10214 10% 10% 314 31% 1% 114 8% T4w 43% 4% 26 26 % 5% 3 3% 62 62 6% 6% 90 20 36% 361 30% 374 225 102% 102% 5% T6% 59% 591 38 38 86 86 185 185 15% 15% 38% 38% 5% % 32% 33% 114 114% 8215 8214 34r 34n; 32% 32y 95% 9614 122% 122% 24% 245 511 52 63% 64 36% 37 99 100 e 15% 154 15% 15% 65% 65% 10 10 138% 140 4% 4% 35 35 12 112 10% 10% 144 4% 19% 20% 27% 59 36% 41 96 9 39 41 137 138% 48% 48% 41 42% 70 70 w9 106 106% 9315 934 204 20% 178 179% 26% 27 37 37% 9% T9% 38 39 100 100 29% 29% 129 129 14% 14% 14 4% 45 46% 70 170 27 i3y 19% 19% 101% 103 99% 100 1% 1% 4% 43% 5% 89% 39% 53 29 63% 6% 22% 30% 915 141% 141% 27 27% 29% 15 15% 91y 1% 110% 110% %w 1 Stoek and * Dividend Rate, Dome Mines (1), Drug Corpn (4)... Dunhill Inter (14 Duplan Silk pf (8 ~Prev. 1929~ - 104 Dupond de Nem (4) . Dupontd N deb (6). . Eaton Axle & 8 (3) Eitingon-Sch (23%) Elec Auto Lite (6 & El Auto-Lite pf ( El Pwr & Lt (1). Elec Storage Bat Elk Horn Coal. Endicott-John cae Eng Pub Serv (31)., Fng Pub Sve pf (5%) Eng Pub Sve pf (5).. Equitable Bldg (2% ) Erie R R. ceeady Erfe R R 1st pf (4) Erfe R R 2d pf (4)... Fairbanks Co. . Fairbanks Copf..... Fash Park Asso (2% 1 Federated Dept Strs. Fed Water Ser A 2.40 Firestone T&R(1.60) Firestone T&R pf(8) First Nat Strs (2%). Fisk Rubber. ... Fisk Rubber 1st pf. Freeport, Texas Gardner Motor. . Gen Am Tnk Car(34 Gen Asphalt (4). Gen Bronze (2) Gen Cable....... Gen Cable pf (T).... Gen Electric (16) i Gen Electric (new) Gen Elec spec (60c). Gen'l Food Corpn (3) Gen Gas&El A (te2). Gen G & Elpf A (8 General Mills (3) Gen Motors (13.30 Gen Motors pf (7). Gen Outd Ad vte (2). Gen Public Serv (b6) Gen Ry Signal (5)... Gen Ry Sig pf (6)... Gen Refactories (4). Gillette Saf Raz (c5) Gimbel Brother Glidden Co (h2) Gobel (Adolf). Gold Dust (23%). i Goodrich B F (4) Goodrich pf (7) Goodyear Tire (5) . Goodyear 1st pf (7). Gotham Silk H (214) Gotham S H pf (7) Grand Stor pf (614). Granite City Stl (4). Grant (WT) (1).... 4 Grt North pf (5 GUNctfsOP (a3%). Grt North pfet (5).. Grt West Sug (2.80). Grt West Sug pf (7). Grigsby Grunow (2) Gulf Mo & N pf (6) Hahn Dept Stor Hahn Dept S pf( Hamilton W pf (6).. Hanna (M A) 1st (7) Hav El Rwy pf (6).. Hawalian Pineap(2) Hershey Choc (5)... Hershey Ch pf(45).. Holland Fur (ef2%). Hollander & Son. ... Houdaille Her B (2). Houston Oil...,..... Houshld F pf $3.12% Howe Sound (14%).. Hud&Man Ry (3.50). Hudson Motor (5). Hupp Motor (£2) . Tllinois Central (7).. linois Cntls In (4) . Independ OIf & G (2) Ind Motor Cyele..... Indn Motoreycle p Indian Refining. . Indian Refining ct. Indus Ray (b5 %stk) . Ingersoll Rand (4).. Insurance Shars 45ic. Interboro Rap Tran. . Intercontinental Rub Interlake Irom...... Intl'Agricultural, Intl Cement (4) Int Combustion Inter Comb Eng pf. Intl Harvester (214). Intl Harv pt (7). Int Hydro El A (e2). Intl Match pf (4) Int Nickel of Can Intl Nick Can pf (7). Intl Pap & P A(2.40). Int] Pap & Pwr B Intl Pap & Pwr C, Intl Rys Cent Am Sajes— Add 00. Prev, . High. Low. Close. Close. 1 T T % 8% 37% 100% 114 115% 10 20 4 3 3 1 3 1 1 2 s 1 0 2 4 6 0 31 70 1 24 2 > BB NN 0NN B 39 e s » ore- ww RSF 1 Int Rys,Cen A-pf($).250s Int Silver (6)....... Int Tel & Teleg (2) Inter Dept St (2)..... Inter Dpt St pf x w(7 Investors Equity(2). Island Creek Coal(4) Jewel Tea (4).. Johns-Manville (3). . Jones & Laugh pt(7) Jordan Motor Car... Karstadt (R) (102). 17% &Kaufmann)D S (1%) 30 Kayser Jullus (4)... 3 Kelly-Spring Tire... Kelly Spring 8% pf. . Kelsey Hayes (2) felvinator Corp. <endall Co pf (6) Kennecott (5). .. Kimberly-Clark(3). Kolster Radio. . . Kraft PhCh (134) . Kresge Dept 8 pf Kresge(SS)Co(1.60 Kreuger&Toll (1.34). Kroger Gr & B (n1). Lambert Co (8) Lee Rubber & Tir Lehn & Fink (3). Libbey Owens (1). Liggett & My (16)... Liggett & My B (15). Liggett & My pf (1), Lima Locomotive Link Belt (2.60)..... Liquid Carbonic (4). Loew's, Inc (3) 3 Loft, Inc. Loose-Wiles (2,60) Lorillard (P) Co..... Lorillard (P) pf (7). LouG& ElA (1%) Louts & Nash (7) Louistana Ofl Ludlum Steel 16 18% 5 Melntype Pore M(1). | McCall Corp (2%)... McK'port T P (14%4). #IMcKesson & Rob (2) McKes & Rb pf(3%) . Macy (RH)&Co (nt3) Magma Copper (5).. Manati Sugar pf..... Mandel Brothers. Man Elec Supply Man Elev mod (d5) Manhat Elev gtd (7). Marlin-Rockwl t4% . Marmon Motor (4). . Mathieson AlKill (2). % May Dept Strs (n2). Maytag Co (12).. Maytag Co 1st pf (8 Maytag Co pf (3) Mengel Company Mengel Co pf (7) Mexican Seaboar Miami Copper (4). Michigan Steel (2% Mid-Continent P (2). Middle States Oll et.. Miller Rubber. Minn Moline Pwr. ... MStU&SSM11(4). Mo Kan & Texas. ... Mo Kan & Tex pf(7). Missouri Pacific. . ... Missouri Pac pf (5). Mohawk C Mills (3). Monsanto Ch (g1%). Montgomry Wrd (3) Moon Motors. ... Mother Lode (40¢) Motor Meter G & B. . Motor Products (2).. Mullins Mfg. .. Mullins Mfg pf (7) % MurrayCor(h2 % stk) Myer (FE)& Bro (2). Nash Motors (8 108 31 1 108 16 > wanA wanwaSnnannwaNmoan Tt [OYRIIPS - s D. C., TUESDAY, JANUARY 14, 1350. Stock and Dividend Rate. Natl Biscuit (65 Sales— Add 00. t1 Supply (5). i Natl Surety (5 Nat Tea Co ( Nevada Copper (3).. N Y Alrbrake (3.60). N Y Central (8)..... N Y Chi & St L (6) N Y Dock pf (5)..... N Y & Harlem (5)... 408 NY NH & Hart (6) 6 NYNH&Hpf (7)., N Y Ont & West. N Y Steam 1st pf (1) 208 Norfolk&Wstn(112). 4 North Am(b10%stk) 24 North Ampf (3).... 1 North Am Ed pf (6). 10 Northern Pac (5). 2 North Pac ct (5) O11 Well Supply. Oil Well Sup pf (7 Oliver Farm Equip Olivr Fr Eq pf A(6 Olivr Fr Eq ev pt(3) Otis Elevator (6). Otis Steel (21). PacificGas & E (2).. Pacific Lighting (3). Pacific Oil stubs. . Pacific Tel & T (7) Packard Motor (1).. Pan-Am Pete B. Panhandle P & R. Panhandle P & R p! Paramount-F-L (3 Park Utah. Parmelee T Pathe Exchange Pathe Exchange Peerless Motor Car. . Penick & Ford (1)... Penney J C(2%).... Pen (J C) pf A (6) Penn Dixie Cement. . Penn Dixie Cemt pf. . Pennsyivania RR(4). Pere Marq pr pf (5). Phelps Dodge (3). Phila& Read C&T.. Phila Co 6% pf (3).. Philip Morris (1).... Phillips Petrm (n2). Plerce-Arrow A..... Pilerce Petroleum. Pillsbury Flour (2). Pirelli Co A (2.88) Pitts Steel pf (7). Pitts & W Va (6).... Poor & Co (B) (2)... P Rican Am To (A)7 P Rican Am To (B).. Postal Tel & C pf(7). Prairie O&G (23%).. Prairie Pipe L (5).. Pressed Steel Car. Proc & Gamble (2).. Prophylactic Br(2). Public S. N J (13.40). Pub Sve NJT pf (6).,. Pub Sve NJ pf (8) Pullman Corp (4). Punta Alegre Sugar. Pure Ol (1%). Pure Ofl pf (8) Purity Bakeries (4). Radio Corp. . Radio pf B (5) < Radio-Keith-Orph A R R Sec 1C stk Ci4). Raybestos Man 2.60. 4 Reading (4). .. 4 Reading 1st pf (2) Real Silk (5)..... Rem Rand (50¢) Reming-Rnd 1st Reo Motor Car (.80). Repub Ir & Steel (4). Revere C&B (A) (4). Reynolds Spring. ... Reynolds Tob A (3). Revnolds Tob B (3). Rhine West (1.92) Richfleld Ofl (2). Rio Grande Oil (2).. Rossia Ino (2.20) Royal Dutch (a3. Safeway Stores(e5). Safeway Strs pf (7). St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pf(§ St L Southwestern < 0 @ 2 2152 T e B N D e 0910 T 1 B 2929 0 10 20 Second Natl Inv. Seneca Coppe! Servel Inc. : Sharon Steel H (2). . Shattuck(FG)(11%) Sheil Union (1.40) Shubert Theatres. Simmons Co (g3). Simms Pet (1.60).... Sinclair Con Ofl (2).. Skelly Ol (2). Snider Packing Snider Packing pf... Solval Am Inpf 5% . So Por Rico Sug (2). 4 Soithern Cal Ed (2). Southern Pacific (6). Southern Rwy (8)... Southern Ry pf (5).. Spalding (AG) (2) Spang-Chalfant Sparks Withng! Splcer Mfg.. High. Low. 3 183% K EXCHANGE ~Prev. 1920~ s High l‘fi' 31 Prev, Close. Clese. 18215 189% 182 T4 T4 TA% 76 76k 46% 207 311, 139 a7 20% Sun 01l Tex Gu Third Tide W Tobace Tobacc 4 Twin C Und Eli United Utd Cor United United United S Ru Rul aaaaagadaa nannLnnn Univ P! Vanadi 1wo w w Waester! Wester 115% 107% 51% 110 9314 63% 6% M 87% 12% 2% 81n 23% 41Y% 23% 9% 92 25% 24% 1% Wilcox Wilcox Wileon Wilson Worthi Yellow Young Reynol Dividend rates sURit of tradin 4% in stock. §Pay: year—n0 re ePayable in cash or hPlus 3% in stock. 8%% in_ stock. Dividend Rate. Stand Brandes (1%). Stand Com Tob (1).. Stand Gas & El (3%) Stand G& E pf (4).. Stand O of Cal (2%). Stand OII N J (12)... 4 Stand Ofl N Y (1.60). Sterling Sec A. . Sterling Sec pf(1.20) Sterling Sec cv pf(3) Stewart Warn (j3%) Stone & Webster (2). 4 Studebaker (15).... Submarine Boat Superior Steel Symington. Symington (A). Tenn Cop & Ch (1)... Texas Corp (3).... Union Carbide (2.60) Union Ol of Cal ($2) Union Pacific (10). Unlon Pacific pf (4) Utd Alrcraft& Tran: Utd Alrcraft&T pf3. 4 Utd Biscuit (1.60)... 1 401 Utq Carbon (2)..... Utd Cigar Store: Util Pwr&Lt A (e2). Vadsco Sales Corp. stngh Ald Brk(2). stinghse E&M (5) sthse E&M pt (5) 1208 Sewing Macl hi . White Sw Mch pf (4) Woolworth (2. Sales of Stocks on New York Exchange. k. JPlus 8% in nPlus 5% in stock. FINANCIALS Prev. idend R ‘Low. Close. Close. 27T 2T% 2T% S B 115 115% S6d 64% “an.. 1f Sul (4). Texas & Pac (5). Tex PC&O (h10%). Texas Pac Land Tr.. nue Thompson J R (3.60) ater Asso 60c. 4 Tide Water Ol pf (5) Timken Det Ax t80¢ 4 Timken Roller (3). 0 Products 0 Products A. Transcontinental Oil 249 Trico Prod (2%).... T Truscon Stl (g1.20).. ity Ro T (4) .. liod Fishr (5). 14 104% 132 81% 13 45% 2 217% 821 1 . 282 52% 5 e Cigar Strspf. 1 rporation. .. .. 285 Utd Corp pf (3) 2 Elec Coal 2 Fruit (4). 1 104% UldGu!&ll‘nDfl.Zfl.) 369 354 1 % Stores A 4 Udt Stores pf. 4 U'S Distrib pf (7) U S & Foreign Secur. U S Freizht (3) A U S Hoffman (2) . 8§ Ind Alcohol ( Leather 3 Pipe & F .53 Pipe 1st pf (1.20), Pipe&F 2d pf 1.20 Realty (5). bber. . bber 18t p! Smelt Ref (3%). S Smelt Ref pf 3% . U 8 Steel (7)... 32 U S Steel pf (7) Univ Leaf Tob pt{8) Wfs ipe & Rad. ... 12 um (t4).. Vick Chemical (2%). Virginia-Car Chem Vulean Detinning. ' Wabash. Wabash Wabash pf, B (5 Waldort Systm (1 Walgreen pf (6%). w rth Co (2) Webster-Eisenlohr. Il & Snow (2). 88 O & Sn pf (4).. 1 West Penn El pf (6). 90s West Penn El pf (7). 50s West Penn Pw pf(6) 20s West Penn Pw pf (7) 40s Westn Dairy (B).... 1 6 14 7 84 n Maryland. . n Union (8).. 146% 140 v 32% 40 274 = 32 Th 27% ‘14% Ol & Gas.... Rich, B (2).. ‘Willys-Over (1.20). & Co e &CoA . ngton Pump. Wrigley Wm (4). Truck & C. Spring (3) ‘Young Sheet & T (5). Zenith Radio........ RIGHTS EXPIRE Am R Mills. .June 15 Col Carbon..Mar 11 3 5% 314 131 s Spr.Jan 24 % 276,900 12:00 Noon .. 898,600 1,329,708 2:10 P.M........ 1,567,600 iven in the above table are the annual cash payments based on the latest quar less than 1 le in 3 Py in_st lus 10% stock. tock. dPayable wh in stock. . kPlus 3% in stock. mPlus Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md,, January ¥4.—Po- tatoes—White, barrel, 1.50a4.00; 100- pound sacks, 1.75a2.75; sweet potatoes, barrel, 2.00a3.00; yams, barrel, 1.25a 2.25; beets, cral 3.0003.50; beans, hamper, 2.50a3.50; cabbage, hamper, 55 265; carrots, 100, 2.00a4,00; caulifiower, crate, 1.50a2.50; celery, crate, '1.50a 2.75; eggplant, crate, 2.5084.50; lettuce, crate, 4.50a5.50; kale, barrel, 1.25a1.50; onions, 100 pounds, 1.7582.00; parsnips, basket, 50a65; peppers, crate, 3.5085.50; bushel, 60a90; squash, crate, Hoimamper. 30430; apples ; turn! amper, B 3 3 1512.’7’;‘; crgbezrr;nss Mbox.“s.‘o'l:ll‘;l&: rapefruit, box, 45.00; o , , g.ll?:lfl.’); tangerines, box, 1.25a2.50; strawberries, quart, 40a50. Live Stock Market. Cattle—Receipts, 25 head; light sup- ply, market steady. Steers—choice to prim to choice, 12.75 to 13.0 good, 11.50 to 12.50; fair to medium, 10.25 to 11.25; 10.25; common to plain, 8.25 to 9.25: Bulls—Choice to prime, none; good to choice, 9.00 to 9.75; medium to good, 7.5 to 8.75; fair to medium, 7.00 to 7.50; plain to fair, 6.00 to 7.00; common to plain, 5.00 to 6.00. Cows—Cholce to prime, none; good to choice, 8.50 to 9.00; medium to good, 7.50 to 8.25; fair to medium, 6.75 to 7.25; plain to fair, 5.50 to 6.50; common to plain, 4.00 to 5.00. Helfers—Choice to prime, none; good to choice, 10.00 to 11.00; medium to good, 9.00'to 10.00; fair to medium, 8.00 o 9.00; plain %Jng,_,vb%o to 8.00; com- mon to , 6. .00. mehpeow- and Springers, 60.00 to 1 ogs—Recelpts, 500 head: light sup logs—! pts, 3 e ply. market higher. Lights, 10.50 to 10.75; heavies, 10.00 to 10.55; medium, 1050 to 10.75; roughs, 7.50 to 9.20; light pigs, 10.10 to 10.40; pigs, 10.50 to_10.75. Sheep and lambs—Receipts, 300 head; lighter supply, market her; sheep, 2,00 to 6.50; lambs, 7.00 to 15.50. Calves—Receipts, 25 head; 7.00 to 17.00. Dairy Market. Poultry—Alive, turkeys, pound, 28a33; old toms, 22a25; Spring chickens, 25a 28; Leghorns, 21a22; old hens, 20a28; ;_poor and thin, 17al! , 17a18; capons, 32a3 geese, 1522; guinea fowls, ‘Eggs—Recei] nearby firsts, 45 pullets, 40; hen- tes, firsts, , 46; culls and nery whi . Bttarclood | to fancy ecreamery, " calves, ., ', 28. 314 cases; native and dirty plain to fair, 925 to | g pound, 33a38: ladles, 30a32; store packed, 20; rolls, 27a29; press, 36a37. Hay and Grain Prices. Wheat—No. 2 red Winter, spot, :27%; No. 2 red Winter, garlicky, spot, g January, 1.26%4; No. 3 garlicky, no_quotations, Corn—No. 2 domestic, yellow, new, 1.05; cob corn, new, 4.60a4.70. Oats—No. 2 white domestic, spot, 55; No. 3 white domestic, spot, 54. Rye—Nearby, 90a1.00. Hay—Receipts, 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 14.00a17.00 per ton, according its quality and condition, AVERAGE OIL OUTPUT AGAIN SHOWS INCREASE By the Associated Press. ‘TULSA, Okla, January 14—Con- tinuing an upward trend marked over a three weeks' period, the estimated dally average production of crude oll in the United States added 43,251 barrels uring the week ended January 11 to make a grand total of 2,684,872 barrels, the Oil and Gas Journal says Y. Oklahoma, with a gain of 30,550 bar- rels provided by the Seminole area, pushed ahead a total of 31,480 barrels. The total Midcontinent area increased 24,107 barrels. Gulf coast and Southwest Texas heavy crude areas added approximately 14,000 barrels to the total gain. Cali- fornia production increased 4,000 bar- rels, compared with the previous week. SHORT-TERM SECURITIES, (Reported by J. & W. ll"lllllgl: Co.) er. Alis-Chaimers Co. 8s 1937 08'3 Aluminum Co: of ‘Amer. b8 mer. Rolling Mills 5y 1948 American Tel, & 81an 1 & 8t ips Pet. Co. 5 Pure Oil 00!'8 L3 Shell Union Oll Co. 5s Bincial oil s 19 o y. 45 I‘li to | Bombay, |TRADER IN SILVER EXPECTS BIG PROFIT Bombay Bazaar Owner Takes Ad- vantage of Market Condi- tions in Metak Special Dispatch to The Star. NEW YORK, January 14.—Chiman- ram Motils], wealthy bazaar owner of is holding his sides as he laughs at how he has virtually cornered the silver motal market of India and sent a lot of shorts scurrying to cover. Chimanram, who is 80 and very nimble of wit despite his age and weight, knew that the present Indian government, despite its intention of country on a gold currency anxious to sell silver. He also knew that the Indian settlement oceurs January 24, or too near for rts to arrange shipments of silver to India from other parts of the world. Dealers in silver here also said Chi- manram’s prospects of huge profits were aided by some additional buying of sil- ver by China and purchases of 1,000,000 ounces of the white metal by the United States Government Mint. This country usually is not an important silver market factor, for in 1928 and 1927, respectively, it bought only 4,- 100,000 and 6,500,000 ounces, as against total world production in 1928 alone of 248,400,000 ounces, not inclu addi- tional supplies from the sale of demon- tized silver. . Chimanram’s operations, which in- volved the immediate delivery of 2,- 000,000 ounces and future deliveries ranging between 4,000,000 and 5,000,000 1% |ounces, is the most spectacular feat he ever engineered and may prove to be the most profitable. PV S MONEY MARKET. NEW YORK, January 14 (#).—There | was little demand for call money today, but the supply was not excessive and the official renewal rate of 41, per cent was maintained throughout the day. The time money market was quiet s | & slightly increased volume of n_earned. | Plus 6% in Stock. STOCKS GO HIGHER INBETTER TRADING Market Turns Upward After Dull Opening—Gains Are Substantial. BY STANLEY W. PR NOSIL, Assoclated Press Pinancial Editor, Buying orders were distributed ot 5 fairly “broad list, but the atocs “publis utilities, amusements and ejectrical manufacturing issues gave fthe best demonstrations of group strenain Coppers, ofls and motors were raiher sluggish, and the buying movement in the rails éubsided, at least temporariis There were a few unfavorable de. velopments 1n the day's businese nes Preliminary estimates indicated a: other sharp increase in crude oil pro- duction last week, and the American Bureau of Metal Statistics reported an Increase of 44,400 tons in the surplus stocks of refined copper last month Fixing of the price at which Uniteq States Steel Corporation employes may burchase common stock on ' the in. stallment plan at $169 a share, or just a couple of dollars below the recent market quotation, was regarded as A favorable omen by bull traders. Oper- ators for the advance also were on- couraged by the fact that recent af. iempts to hammer down prices failed to bring about any appreciable liquida- lon of long stock, and were invariably accompanied by dullness of trading, 2l money renewed unchanged ¢ Y2 per cent, with the demand slack and indications that the rate would be :::'c’:.:xm;fber“e time money. and corm- markets w e ctange T i were quiet, with eports of a further upturn s mill operations stimulated the r‘ir;rfl::; for the steel shares. United Statps Steel common sold as high as 1721 and Republic and Superior Steel ang Colorado Fuel recorded early gains of & Light, Consoll aAw;bmr. idated urry of buying took plag amusement issues in the l;nrcl; hl\lfl:te!x‘-'-l noon. Radio, Radio-Keith-Orpheun, Loews, Columbia Graphophone, Warner Bros. Pictures and Fox Film all wers marked up a point or more, BALTIMORE IS THIRD AMONG U. S, PORTS s"BflA.L #gnch to The Star. IORE, January 14 of Baltimore rose rrom"!ourth"get r‘: position among American ports in the total volume of foreign trade handled during the fiscal year 1929, according gooundéuzglen&mued today by G. H. , direct Xport s of the e: and im- The new port rank: i import business_has fi'm"m"?fla"fi? the Bureau of Research of the ' United States Shipping Board, official Govern- ment authority on statistics of volume In our water-borne commerce, and ha: Just been received in this eity. Under the new alignment Baltimore Sexboard port h- (e "roeet vaerio) import Yl’etlelh’t recelve AR an increase of 149,762 to: ¢ L. [mpor e 4,750,556 tons and increased 199,400 tons .over -mlhe 1928 period: Exports reached 1,606,424 tons, a decline of 49,638 tons of cargo, Baltimore’s foreign business is ex- ceeded only.by that of New York and New Ofleans, the former registering an increase of 2,985,746 tons of cargo and the latter an increase of 1,378,683 tons, SILVER QUOTATIONS. .NEW YORK, January 14 (#)—Bar silver, 45%; Mexican dollars, 33 CHICAGO DAIRY MARKET. CHICAGO, January 14 (#).—Butter steady; receipts, 11.921 tubs; prices un- changed. unsettled. Receipts, 7,963 cases; extra firsts, 39a41; graded firsts, 37; ordinary firsts, 35a36; refrig- erator firsts, 34; refrigerator extras, 35. ‘We Invite Applica FIRST TRUST LOANS on Improved Property in NEARBY MONTGOMERY CO. AND THE DISTRICT OF COLUMBIA Perlods of 3. 10 Years BOSS LS Founded 1907 Loan Correspondent John Han Mutual Life 1417 K 8t The big prize for which we - all yearn— freedom from toil and financial worries. The through con- and persistent and wise ine vestment. Buy First Mortgage Notes at s Safe 61/2%Prompt | from ANNON - &-LUCH