Evening Star Newspaper, January 27, 1930, Page 14

A—14 *¥¥ FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, MONDAY, JANUARY 27, 1930. FINANCIAL ——W CAPITAL TRACTION UPOVER 16 POINTS Recent Rise Causes Much Comment—C. & 0. and B. & 0. Reports Out. BY EDWARD C. STONE. Capital Traction stock has gripped attention in the local financial dis- trict during the past few days. Since January 1 the traction issue has jump- ed 16% points from 75 to 92%. This sudden dis- lay of strength Pas eroused keen interest on the Washington Stock Exchange where, for several days, there was 10 stack ior sale at the bid price. It is noteworthy that Traction_advanced from 82 to 88 without a single share being _soid. The bid was raised steadily until at 88 an owner was found who was willing to part with his stock. Since that sale, however, it has taken still | higher bids to bring out any further ares. - Local market observers make no at- tempt to anticipate any court ruling, but consider the Baltimore traction rul- ing on a 10-cent. fare as highly impor- tant, and believe it is being reflected in the action of Capital Traction. The stock turned upward when the Capital ‘Traction directors fixed the last quar- terly dividend at 6 William D. Hoover. ment has been sufficiently rapid to call the days when it often led the local market in trading volume and also sold well above par. Bank President for 21 Years. William D. Hoover is another prom- | fnent local banker who has just becn re-elected by his directors for the eom- ing year. Mr. Hoover has been at the steering wheel of the National Savings & Trust Co. for the past 21 years, hav- ing taken charge of the institution in January, 1909. For seven years prior to that time he was connected with the bank in the capacity of attorney and trust officer, to which position he was elected in 1902. Before associating himself with the National Savings & Trust, Mr. Hoover was for five years vice president and director of/the Real Estate Title In- sunnce Co., still retaining membership m the board. Born and educated in lhe National Capital, he is a graduate of the town University Law School. After being admitted to the District of Columbia courts he decided not to enter private practice, but to use his legal knowledge in service of the financial institutions with which he has been connected. Mr. Hoover is a director in the Nflr- folk & Washington Steamboat thirty-second degree Mason, mem of the University Club, a leader in the Chevy Chase Club, as well as a member of the Metropolitan, Lawyers’ and other similar organizations. He attends the Episcopal Church. Under his leader- ship his bank has shown splendid growth. B. & O. December Net Off. In its reports of operations for De- cember the Baltimore & Ohio Railroad showed a decrease in net operating in- come of $1,250,778 fl’vm that of De- cember 1928. Net operating income for the year was $203,606 under that of the previous year. lnuny opeuun‘ mdmlflmhfl-fl?& —-1929 — 3543 197 125 5% 184% 86 145 106% 75 120 9814 199% 103 42 524 85% 94% 60 310% 2321 235 121% 181 112 199 104 46 27% 49% 1% 140 89% 80 40% 58% T0% 4T% 298% 86% % 140 514 50 20 66% 145% 110% 90%, 49% 106% 32% 106% 101 to $49,184,110, -n.huc amounted , unn'm in 1928. There was an in- crease of $8,273,958 in freight revenues in 1929, but er traflic showed a iy “.,}r;‘{’,?;’“‘ s oi888s om m: were up $1,618, dllflfl‘ the year. Expenses for maintenance of way and structures showed an increase of, dur- ing 1929, of $2,522,394 and the main. tenance of equipment showed an in. crease of $4,361,373 over 1928. The de- crease in net operating revenues for the year of a little over $200,000 is very small when the size of the Balti- more & Ohio Railroad is considered. C. & 0. 1929 Revenues Larger. Gross revenues of the Chesapeake & ©Ohio for December, reported today, were $10,573,627, an increase of $422,039 over Dece: 1928; operating _expenses ,229, an increase of $1, :uo- 085, as compared with December, net railway operating income ll 32 857,535. a_decrease of $796,563 over De- Net in- for December, $2,531 433 I decrelse of The operating ratio was 65.5 per cent, compared with 55.0 per cent for December, 1928, or an increase of 105 per cent. For the 12 months ended December 31, 1929, the Chesapeake & Ohio Rail- way shows gross revenues of $129, 'l’l 115, an increase of $4,953,943. ing expenses were $85514,857, an m- crease of $2,971,608; net railway operat- ing income was $37,881,633, an increase of $1,558,039; net income after all charges is $32,069,273, an increase of $3,271,170, compared with correspond- ing perlod of 1928, The operating ratio for the period was 65.9 per cent, a de- crease of 2 per cent, as compared wif same period a year ago. Admitted to Bankers' Group. The local firm of Waggaman, Brawner & Co, investment bankers, was admit- ted to membership in the Investment Bankers' Association of America, at the, closing meeting of the board of govenors at Atlantic City Saturday. It was sixty-eighth meeting of the governors, and nine investment houses were admit- ted to the association, the other eight being from as many different sections of the country. The association’s representatives, num- bering 35 and affiliated with some of the most important investment banking houses in the country, were firm in the opinion that the adverse business reac- tion to the October-November stock marXxet collapse has now passed the low mark, and that the remainder of the year will disclose a gradual upward movement in general business. This, it was said, will be stipulated to a large extent by a comparatively easy supply of money for legitimate business needs at reasonable rates. Other factors embracing their par- ticular line that are interpreted opti- mistically by the bankers.are the fun- damental soundness of investment banking houses, stabilized interest rates and the continuing capacity of the gen- eral public to invest. Trading on D. C. Exchange. ‘Ten shares of Riggs National Bank stock hold at 510 on the Washington Stock Exchange today. Ten shares of *Bank of Bethesda changed hands at 65. Washington Gas Light stock fig- ured in a six-share sale at 108. National Mortgage & Investment preferred moved at 5 and 49 shares of the Carpel Corporation sold at 24, off {rnm the last sale. Mergenthaler Lino- ype figured in a 40-share turnover at 10! ', same as the last transaction. Bond trading was confined to a $1,000 transfer in Washington Gas 6s, series A, at 103 and two $1,000 sales in Washington Railway & Electric 4s at 83% and 83%. Armour & Co. of Tlinois and Armour & Co. of Delaware, have declared reg- ular quarterly dividends of $1.75 on the preferred stock, both glylbh April 1 to stock of record Mar Eugene E. Thompson, head of Crane. Parris & Co., is in New Orleans at- tending an important meeting of the Associated Stock Exchanges, of which organization he is president. 84% 104% 60% 140% 128 136% 100% 81% 92% 65 248% 56% 443 89% 110% 9% 12% 121% BA'/- 136% 61% 98% 152% 70% 279% 92 19% 47% 143% 109 156‘6 72% 103% 88 80 140 idend Rate. Add 00. High. - Low. Low. 34y AMxlhl Power & Pap. 20 Adams Expr (1.60).. 7 Advance Rumley.... 15 Advance Rumley pr. Air Reductn (143) 18% Alr Way El Ap(234). 1 Ajax Rubber, . 4% Alaska Juneau. 5 Albany i W Paper. 17 . Alleghany Corp. 90 Alleg Corp pf (5%).. 80% Alleg C pf (5% )xw.. Allied Ch & Dye(né) 118% Allied C& D pf (7).. 35% Allis-Chalmers (3) 23 Alpha Port Cemt (3) 17% Amerada Corp (2). 4 Am Agricul Chem Am BrS&F pf (7). 4% Am Brown Bov Elec. 49% Am Brown B E pf(1) Am Can (4). 183% Am Can pf (7). Am Car & Fdy (6). 110% Am Car & F pf (7). 70% Am Chain pf (7).... 27 Am Chicle Co (12%). 20 Am Com Alco(n1.60) 23 Am European Sec. 50 Am & For Power. 86% Am&Forn Pwr 2d pf. 17% Am Hawalian S 8 (3) 23% Am Hide & Lea pf. .. 40 Am Home Prod(4.20) 29 AmlIceCo (t4)...... 29% Am International (2) 2% Am La F & Foamite. 27% Am La Fr & Foam pt 90 Am Locomotive (8). Am Mach & Fdy (1) 31% Am Metal (3) 64% Am Power & Li 70 AmP&LDLA (335) 20% Am Pow & Lt pf (6). 28 Am Ra&Std San . 12% Am Republic 4 50 Am Rolling Mill ( Am Safety Razor (3) i 1 Fdy (3). ... 110 Am Steel Ffl}' 124 ('l). 40 Am Stores (2).... 56 Am Sugar Rfg (5). 18 Am Sumatra (3). 198% Am Tel & Tel (9). 160 Am Tobacco (8) 160 Am Tobacco (B) (8). 114% Am Tobacco pf (6).. 115 Am gync Fdry (8).. er Wks (n1). Am Water W 1st(6) . Am Writ Paper pf (3 5% Am Woolen. 15% Am Woolen pf. 7 AmZinc Ld & Sm... 49% Am Zine pf (6). 67% Anaconda Copr (7).. 46 Anaconda W&C (3) Anchor Cap (2.40)... Anchor Cap pf (6%). Andes Copper (3)..., Armour Del pf (7).. 5% Armour Ill (A). 2% Armour Il (B). 57 Armour 11l p£.(7). 6% Arnold Constabl 34 Asso Appl Ind (l) 25 AssoDry G (2%). 34% Asso Ol (2). 195% AtchT &S Fe 3244 At1G& W Ind 30% Atl Refining (1. 67 Atlas Powder (4). 120 Auburn Auto (34) 34 Auto-StSafRA (3). 4% Aviation Corp Del. ., 15 Baldwin,Loco (1.75). 105 Baltimore & Ohio (7) 93% Bamberger pf (6%4). 55 Bang & Aroos (ufi).. 20 Barnsdall, A (2).. 95 Bayuk Cgr 1st pl(T) 12% Beacon Oil, 100 B'trice Cream pf (7). 45 Beech-Nut Pkg (3).. 75 Belg N Ry pt pf5.49. 25 Bendix Aviation (2). 25 Best&Co(2)....... 78% Bethlehem Steel (6). 116% Bethlehem St pf (7). 17 Bohn Al & Brass (3). 53 Borden Oo (k3).. 40 Bklyn-Manbat ( 76% Bklyn-Man Tr pt (6) 44 Bklyn&Queens pf (4) 99 Bklyn Union Gas (5) 16% Bru k-C 4% Bruns Ter & Ry 8. Bucyrus Erie (1). 26% Bucyruscv pf (23%).. 8% Budd (EG) Mfg (1). 7% Budd Wheel (1) 31% Bush Term (g2)..... 91% Bush Term deb (7).. 2 Butte Copper & Zinc. 4% Butte & Superior (:) 17% Butterick Co. Byers (A M) 105 Byers (A M) pf 63% Calif Packing (4)... 1 Callahan Zinc & L. 73% Calumet & Ariz (10)., 25 Calumet&Hec(ad%). 45 Canada Dry G A (5). Canadian Pac (10).., Cannon Mills (2.80)., Capital Adm (A). Capital Adm A Df(l) Case (JI) (6)....... 113 Case (J I) Co pt (7).. 50% Caterpillar Trae (3). 58 Cavanagh-D pf(63%) 1105 2 81 Celotex (3). 21 Cent Aguirre As1 .10% Certain-teed Prod. 18 Cbecker Cab (4.20 160 Ches & Ohlo (10)... 42% Chelnpelku Corp (l) Chi & Alto: 16 Chi Mill St P&Pac... 28% Chi Mill St P&Pac pt 76 Chicago & N W (5) 101 100 ChiR & Pacpf ('l). 21% Chi Yellow Cab(3) 44% Childs Co (2.40). ) 1001 122 9 3% 1218 12591 29% 10% 25% 98 2 91 89y 15 2763 272 1 121% 121% 28 56% b55% 48Y% 122 10% 10% 50s 64% 64% 290 130% 128 4 141% 140% 101 101% 113 118% 218 217% 45 a5k % % 4 4% 86% £5% 6% TTh 101 101% 33% 34 28% 89% 62 22% 2 2 2 3% 3 43% 48% 48% 48 20! 111% lll% 111% 112% 2 48 47% 48 2 63 62 621 63 8 23y 22 22% 22 150 226% '222% 224% 2231 10 224 221 221 220% 41 224% 221 2213 221 2 120% 120% 120% 120% 1128 128 128 129 10s 110% 110% 110% 110% 16 94% 93% 3: 30 117% 117 10s 109% 109% 15 69 68% 22 28% 221 b50s 98 70 182 wow a2 8o 66 38% 37% 37% 37y 1 35% 341 35% 34y 201 101% 99% 100 100% 31280 1267126 126 53 b2y ssu 6614 66% 38% 38% 38 16 16 16% 23% 24 23y 29% 30% 30 ‘6 l. 4TH M; 107 105% 106% 10‘1% 18 20 17 91% 9% 89% 91 305 109 109 109 114 1 1 204 20% 20% 21 1 33% 331% 38% 33y 51 234% 220 28415 224 1116 116 116 115 60% 611 4% 40 25 33% 4 62% lg% 215!6 th 215 2" 5% 5% T T 14% 14% 38% 38l 25 25 42% 42% 86% 87 25% 25% 118 117% 502 107% 107% 107% 107’ 0N LN N B BN 5 26 Chrysler Corp (3)... 19 37% City Ice & F' (k3.60 3 7% City Stores (1). : 34% Cluett Peabody (5) 90% Cluett-Peabody pf(7) 108 101 Coca-Cola (4). 7 144 44% Coca-Cola A (3). 1 49% 10 Collins & Alkman 24 65 Collins & Alk pf ( 83 27% Colo Fuel & Iron.... 23 65% Colo & Sou 18t pf (4) 10s 52 ColGas & El (2)..... 2% 81% G 106 42% Col Gas&E rets ptpd. 16% Columb Graph (87c). 205 28% 27 Columbian Carb (16) u 182 18 Com Credit (2)...... 28 Comm Credit A (3) 9% 20 Com Credit pf (1%). 10- 23 70 Com Crd 1st pf (6%)170s 81 28% Coml Inv Tr (g1.60). 50 43% 20% Comm Solvents (1).. 45 291 10 Comwlth&Sou(60c). 162 35 Conde Nast Pub(2)., 1 11 Congoleum-Nairn. 7 43 -Congress Cgr (15%). 1 % Conley Tinfoll sta.., 2 40 Consol Cigar (7). 8 10 Consol Film (2)..... lD 16% Consol Film pf (2) 80% Consol Gas N Y (4).. 92% Consol Gas NY pf(5) % Consol Textile. . u l 12 Container Cor A 1.20 4 lfl% 15% 3% Container Corp B.... 5% 5% 25% Contl Baking A... 4% Contl Baking B. . 79% Contl Baking pt (8).. 40% Contl Can (2%)..... 20% Contl Dia Fibre (3).. 46% Contl Insur (2.40 5% Continental Motor: 18 Contl Oil of Del. 28% Contl Shares (1) 70 Corn Prod (13%) 0% 9% 9% 61% 36% 43 8% 37% 94 94 143% 143% 148% 49% 49% 50 24 83 81% 106 28% 2ll€ 15% 5% 43% 5% 89% 56 30 Gl% 5% 42% 9 87% 94 24 80 45% 45% 47% 2% 2% 73% 81% 106% 1 80% 80% 80% 78 27% % l7!‘/. 180% 179% 281 39 22% 9% 42% 29 14% 49% 16% 49 kol 52% 2!% 23 120 lulu 101% 10!\‘ 108 Crown Zellerbach (1) Crucible Ste Cuban-Am Sug pf. Cuban Dom Sugar. .. Cudahy Packing (4). Curtis Publishing (6) Curtiss Wright Corp. Curt Wright Corp A. Cushman’s pf (7) Davison Chem... Deere & Co pf (1) 20 Delaware & Hud (9). Detroit Edison (8). .. Devoe & R, A (2.40).. Diamond ch (8). Dome Mines (1)..... Dominion Strs (1.20) Drug Corpn (4). Dunhill Inter (34)... Dupond de Nem (4). Dupont d N deb (6).. - Estn Roll Mill(ht2) Eastman Kodak (1! Eaton Axle & S (3 Elec Auto Lite (6. Electric Boa El Pwr & Lt El Pwr & Lt pf Elec Storage Bat !l) Emmerson-Brnt A. Endicott-John (5)... Eng Pub Serv (31).. 81% qulltlble Bldg (2%) uw Erie R R. > % Erle RR 1st vt N) Eureka Cac Cl (4). Evans Auto L(32%). 2% Fash Pk Asso pf (7) Federated Dept Str: Fed Motor Tr (80¢) Fid Pho Fire 1(2.60). Filene's Sons. . Firestone T&R(1.60) Firestone T&R pf(8) First Nat Strs (2%). Fisk Rubber. Fisk Rubber 1st pt Fisk Rub 1st ptev. . 1 Follansbee Bros (3). Foster Wheeler (2).. Foundation Co...... Fox Film A (§4). Freeport. Texas (15) Fuller 2nd pt (8).... Gabriel Snub A Gardner Motor, Gen Amer Investor: Gen'Am Inv pf (6)... Gen Am Tnk Car(34) Gen Asphalt (4).... Gen Baking pf (8). Gen Bronze (2) Gen Cable. ... Gen Cable A (4) Gen Cigar (4) Gen Electric (new). . Gen Elec spec (60c). Gen’l Food Corpn (3) Gen Gas&El A (te2). Gen Refactories (4). G::Il‘ltl. Saf Raz(nb). Grand Union Df (l). . Granite City Stl (4). ) T9% Hamilton W pt (8). .moo- 103 Hanna (M A) 1st (7) 70s 112'/: Hartman A (2). Hartman Corp B 1. 20 60% Hershey Choe Dl('B) Hershey Ch pr pf(6). Housed F pf 13.12% . Household Prod(14). Houston Oil..... Howe Sound (14%) Hud&Man Ry (3.50). Hudson Motor (5). Hupp Motor (£2). Illinots Central (7). . Independ Oi1 & G (2) Ind Motor Cycle. lnx rboro Rap Tran.. Intl Agripf (7) Intl Bus Mach (n6) .. Intl Harvester (1 “) Intl Harvpf (7)..... Int Hydro El A (e2). Intl Mateh pt (4).... Intl Mer Marine (1). Int Nickel of Can (1) Intl Pap & P A(2.40). Intl Pap & Pwr C.. Intl Pap & Pwr p£(7) Int Stlver (6) . Int Tel & Tel 2).. 10 Inter Dept St (2)4... Inter Dpt St pf x w(7 Investors Equity(2). Island Creek Coal (4) Jewel Tea (4) Johns-Manville (3).. Johns-Manv pf (7).. Jones & Laugh pf(7) Jordan Motor Car. Kan City Sou (5) 508 108 Kelth-Albee-O pf ( Kelly-Spring Tire Spring 8% p! y Hayes (2) Kelvinator Corp. Kennecott (5) Kim] lfly-Cllrlel) . Kull r Radis e Dept S pf. KreugeraToll .38, Kroger GrtBlk(Bl); (15 Liggett & My B (15). Lima Locomotive. . Liquid Carbonie (4 ) . Loew's l. Ine (3) Loft, Ine. MeCall Corp (23). Mclntyre Pore M(1) McK'port T P (1434 ) McKesson & Rob (2) . MeKen & Rb pt(3%). McLellan Store; Mack Trueks (6) Macy (RH)&Co(nf3) Madison Sa G (134). Copper (5).. P THOT T S HR R 14 | savings banks totaled $211,220,266, 12% 12 48% 48% —-1029 ih. Divigend Rate. 3 Manati Sugar.. May Dept Strs (n3) Maytag Co (12) Maytag Co 1st p Mengel Company (2) Mengel Co pf (7).... Metro Gold pf (1.89 Mexican Seaboard. Miami Copper (4) . Michigan Steel (214). Mid-Coutinent P (2). Middle States Ofl et. Miller Rubber. . Minn Moline Pwr. Minn Moline pr 6% Minn.& St Lout Mo Kan & Texa: Mo Kan & Tex pf(7). Missouri Pacifie. ..... Mohawk C Mills (3). Monsanto Ch (g1 ). Montgomry Wrd (3). 674 Mother Lode (40¢).. 1 Motor Meter G & E.., 2 Motor Wheel (3). Mullins Mfg. . Mullina Mg ¢ (75100 MurrayCor (b2 % stk. Myer(FE)& Bro (2). Nash Motors (6) Nat Acme (13 Natl Air Tran: Natl Bella He: Natl Biscuit (7). Nat Bisn (p2.80) Nat Cash Reg,A(14). Nat Dairy (32).. Natl Dept Stores. Natl Dept St 1st (7). Nat Distillers (2). .. Natl Enameling (2).. Natl Lead (5)... Natl Pwr & Lt (i). Natl Radiator. . Natl Surety (5) Nelsner Brothers Nevada Copper (3) Newport Co A (3).... Newton Steel (3)... N Y Afrbrake (3.60).. N ¥ Central (8).. NYChi&stL (). N ¥ Chi & St L pf(6) N Y & Harlem (5).. NY NH & Hart (6 NYNH&H pf ( N Y Stdte Railwa; Nnrtolk&wumlnz North Am(b10%stk) North Am pf (3). North Am Ed pf (6). Northern Pac (5) North Pac et (5), Nor Ger Lloyd(3.41). O11 Well Supply. .. Ol Well Sup pf (7) Oliver Farm Equip Olivr Fr Eq ev pt(3 Olivr Fr Eq pf A(6 Omatbus Corp. Oppenhelmer C Otis Elevator (6) Otis Stee] (23%) Pacific Co; Pacific Gas& B (2).. 61 Pacific Lighting (3). 15 % Pacific Oll stubs.... 12 Pacific Tel & T (7).. 110s Packard Motor (1) 2 Jpan-Am Pete B. . Paramount-F-L (3)., Park & Tlllord (33). Park Ul aue Plrmaln Trans 1% Pathe Exchang Pathe Exchange A, Peerless Motor Penick & Ford (1). Penney (JC) (23%) Pen (J C) pL A (6). Penn Dixle Cement Pennsylvania RR(4, % Pet Milk (1%)...... Phelps Dodge (3). .. Phila Company (7). Phila & Read C&1.. Phillips Petrm (n2). Plerce-Arrow pf (6). Plerce O1l. .., Pirelll Co A (2.8 Pittsburgh Coal. Pitts Term Coal pf. Poor & Co (B) (2). P Rican Am To (B).. Postal Tel & C pf(7). Prairie O&G (12%).. pf Prophylactic Br(2) . Public Serv, NJ 3.40. 47 1 Purity Baker: Radio Corp. Radiopf A (3%). Radio pf B (5). Radio-Keith-Orph A. 491 Raybestos Man 2.60. u Reading (4).. Real Silk (5). . Real Silk Hos pf (7). 30- Rels (R) &Co....... Rem Rand (50¢)... Reo Motor Car (.80). Repub Ir & Steel (4 Rep Ir & Stl pf (7). Revere Cop&B pf(7 Reynolds Spring. Reynolds Tob A ( Rossia Inc (2.20) Royal Dutch (a3. Safeway Sto: Safeway pf Safeway Strs pf (7). lOI St Joseph Lead (13). 2 St L-San Fran (8). 1 St L-San Fran pf(6). 1 St L Southwestern... 7 Savage Arms (2).... 8 Schulte Retall Strs. Schulte Retall p((l) 20. Seaboard Air Line... 3 Sears Roebuck (3234) 35 Seneca Copper. 3 Servel Inc... 15 Sharon Steel H (2) 2 Sharp&Dopf (3%). 3 26% Shattuck(FG)(11%). 99 19 Shell Union (1.40)... 12 Dividend rates as given in the above table ments based on slou Sheffield Solvay Am In pf53%. 22% So Por Rico Sug (2). South Dairfes, A 1% Southern Pacific (§). Southern Rwy (8). Southern Ry pf (5) 13% Sparks wnnumux 2 Spear &Co... 250; 20 Spencer Kelg ( 20% Spicer Mfg. ... 38 Spicer Mfg pf (3) 20 Stand Brands (1%).. 3% Stand Com Tob (1).. 73% Stand Gas & El (314) 58% Stand G & E pf (4 4 Stand Invest Corp. .. 51% Stand O of Cal (21). 48 Stand OIINJ (12)... 31% Stand Ol N Y (1.60). 30% Starratt (L 8) Co(2). 8% Sterling Sec A. 815 Sterling Sec pf(1.30) 31 Sterling Sec ev pf(3) 30 Stewart-War (h3%). 64 Stone & Webster (2). 38% Studebaker (35)..... % Submarine Boat. 55 Sun Oil (11) 5% Superior O1l. 15 Superior Ste 214 Symington. 6% Symington 14% Telauto Cp (11.25)... 9% Tenn Cop & Ch (1)... 50 Texas Corp (3) 424 Tex Guif Sul (4). 9% Tex PC&O (b10%). 6% Texas Pac Land Tr. 16% Thatcher Mfg (1.60). 35 Thatcher pf (3.60)... 30 Thompson J R (3.60) Thompson Starrett. . Thomp-Star pt (33 ) 10 ‘Tide Water Asso 60c. 85t Tide Water Oil pf(5) 11 Timken Det Ax 1800 58% Timken Roller (3). 1 Tobacco Product: 5% Tobacco Produc 5% Transcontinental Ofi 15% Transub & W (1).... 30 Trico Prod (34). 30% Truscon Stl (g1.20).. 82 Und-Ell-Fisher ()., 59 Union Carbide (2.60) 424 Union Ol of Cal (32) 200 Unlon Pacific (10)... 80 Union Pacifie pt (4).. 31 Utd Alrcraft& Trans. 447% Utd Alrcraft&T pf3. 33% Utd Biscult (1.60)... 40% Utd Carbon (2). Utd Gas & Imp(1. 19 15% Unit Piece Dye W 3% United Stores A. 14% Udt Stores pf. 9 'US Distributing 17% U S & Fogeign Secur. 92 US & For Sec pf(6). 86% U 8 Freight (3)...., 95 U 8 Ind Alcohol (17). 14% U S LeatherA....... 12 USPipe& Fdry (2). U S Pipe 1st pf (1.20) 40% U S Rubber 1st pf. 29% U S Smelt Ref (3%). U 8 Steel (7). + U 8 Steel pt (7) 28 Univ Plct 1st pf(8) 2% Univ Pipe & Rad. 24% Utll Pwr&Lt A (e 3 Vadsco Sales Corp... 37% Vanadium (14).. 33 Vick Chemical (234). 3% Virginia-Car Chem. . 15 Virginia-Car 6% pf.. 102 VaEl& Pwrpf (7).. 38 Vulcan Detinning. 40 Vulean Detin A, h. 20 Waldort !y-un u K) 22 Walworth Co (; 3...52 4 ronewInSea Warner-Quinlan (2). Warren Bros (19). 15\(\ Warren Fy&Pipes2). ster-Eisenlohr. . Ofl & Snow (2) O&Snpf (4).. - Western Unlon (8). - Westngh Ald Brk(2). Westinghse E&M (5) 236 Westhse E&M pt (5) 230s Weston El Ins (1), ‘Weston El A (2). Westvaco Chlor ( « White Rock M S (14) White Sewing Mach. Wilcox Ol & G Wilcox Rich (A) 2 ’h . Wilcox Rich, B (2).. Willys-Over (1.20) Wilson & Co A. Woolworth (2.40). Worthington Pump. Wrigley Wm (4).. Yellow Truck & C. Yellow Truck pf. Young Spring (3). Young Sheet & T (5). Zenith Radlo........ RIGHTS EXPIRE Am R Mills. .June 15 2,188,300 ;3, : u.hn “"hl fi g -‘fi" BALTIMORE DEPOSITS UP. RICHMOND, January 27 (Special).— With all the statements for Baltimore banks now compiled, it is disclosed that deposits rose wl!. ‘moderate extent dur- ing the year 1929 in spite of the dis- turbanges in the stock market, and that most of the increase was contributed by the savings banks. yThe total lwod at $605,631,543 for all the banks at the end of 1929, against “14 331,457 on December 31, 1928, while the savings bank total was $191,- 405,538, eumplred with $189,193,825. Resources of all the Baltimore stood at l'flfl.lll 236, compared with $710,542,651 a year pre'vmusly ‘Those of the commercial banks amounted to $514,893,970, against $511,684,636 at the end of 1928, while the assets eo‘::e ed with $207,858,015 a yeal pi e ot = B 29,050,000 af e end of , l'aemz $32,032,911 and undivided profits $10,542,446. BOND ADVANCE SEEN. The Brookmire Economic Service, in its latest investment bulletin, expressed the opinion that bond prices will ad- vance to higher levels in '.hn next few than those reached in '-M:;;:Y possibility of a temporary tightening of %o:r'fl:r crlt:'lu in b:uln‘m umy muuul iess ac '\ the banks reduce loans substantially in the meanwhile.” x SHORT-TERM (Reported by J. & W. lollnun & Co. MONEY MARKET. ! Alits-Chaimers Co. 8s ReY Ames. Rolung il um. 551948 Am Va5 19 Ba ‘w oo Bt -3:;' Eét, o " 'Tel, of Ganads o 1 g-nm‘nl- Pal». Sorm. &v: B Nor. Rw Chle Rock m'.';u Chile %mhs:‘g-eng: Co. ufl' i fié Seneral” PlLuDolfl 2: iyear 28s5eEE. ulnchlr cflf'n‘)grm li.llu lll)z: ith 4 Co. ecling Steel Corp. Wheeling Steel corp. 4 CHICAGO nm! MARKET. CHICAGO, January 27 (#)—Butter ipts, 8,625 tubs; Change of lace fashions has thrown many makers of the famous Calais lace, at Calals, out of work, Hlmn. & E§ T a R = NEW YORK, January 27 (#).—Call money todny followed the same course has been pursuing for some time, nn.ewlnq at 4)2 per cent and later droppl‘n, to 4. Te was a large sup- unds on hand with very little m time money market was dull t.henunumhmed-td%todx pet cent for all maturities. 120 days, 4 per eem-. and’ 150 md 180 days, 4% per cent. .. Outboard 15 being popularized by the new Bom| l(nwrnon Club of India. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes Bearing 6‘/3% Interest Coneult WELC Realtors Loan Specialists 15th & N. Y. Ave, N.W. National 4846 Natlonal Savings & Trust Building STOGKS K0 HIHER I STRONG MARKET Recovery Resumed as New Leaders Are Brought For- ward Today. BY STANLEY W. PRENOSIL, Associated Press Pinancial Editor. NEW YORK, January 27.—The re- covery in the stock market, which start- ed last week and lifted the general level of prices out of the narrow trading area within which they had been fluctuating since before Christmas, was resumed after an early period of irregularity to- dnn‘yé New letdenu. ?:or;lzuhny in the , copper an gToups, were brought forward by operators for m: advance when heavy prom.—ukln' Te- tarded the rise in some of the recent “%'f:m tangible de Te were no levelop- ments in the day’s news to affect the price movement, buying operations in many issues were based on the theory that the recent upturn in steel opera- tlons presaged a general recovery in business by Spring. Call money re- peated the familiar performance nl opening at 4!, and then 4 when a plentiful supply of l\mds made its appearance in the market, Montgomery Ward fell 3% points to 40% on the poor 1929 earnings report, which was blamed on the J)r ~payment of plrcel post policy ldom in the middle of the year, but rallied to 421 in the early afternoon under the impetus of short covering. to show around ;w & share, heavy mnventory charge-offs, in its nn- nual report to be publ! ed next month, was run up 5 points. F. G. Shattuck advanced more than 3 points on reports of a large expa mhnmm!wllso Beechnut Packing .rln ;nd Nnu%x’)‘nl Biscuit (old) sold at least !'.eeh pnrtlcululy of the forse” owing varief Unl Bhwl Suel mmm unchanged at 179, sold dwn a roint. and then rallied above 180. In- d Steel was marked up 5 points and: Vlnminm 45%. Alal'zrnl Com| D Tty issues sold 3 to 5 iy CHICAGO LIVE STOCK MARKET CHICAGO, Janu: 27 Unlud sm Departmen 'qt m ( uzsnxaw, 950-1,100 _pounds, luu eommon l'neg m‘u":fi% Mndn year] 12.75816.25. cholce, down, 12. o g T8 S o mon, ;. ewes, mu choice, dm 5.50 to 7'5[ cull and common, 3.00 to 5.75; feeder lambs, good and choice, 11.50 to 12.65 Investment Securities Real Values, nmunfl Income us 1518 K St N.W. National Loans for 3, S and 10 year per:ods on houses, apartments and busi- ness property in Washington, nearby Maryland and Virginia Randall H. Hagner & Company, Inc. 1321 Conn, Ave, N.W. Decatur Mortgags Loan Correspondent New York Life Insurance Co. Guaranteed First Mortgage Bonds Secured on income pro- ducing properties and backed by our $3,800,000 resource; May. be purchased in convenient monthly in- stallments. Available in denomina- tions as low as $250. I Booklet, “The Success %wunm REALESTATE MORTGAGE & GUARANTY CorPORATION Capital Resources over $3500000 * 24 JACKSON PLACE