Evening Star Newspaper, February 9, 1930, Page 35

FINANCIAL, SAG IN BUSINESS HAS REACHED LINT Europe Reports Improvement in Economic Conditions in Some Countries. Special Dispatch to The Star. NEW YORK, February 8.—Cable dis- tches to The Business Week give the following newsy survey of business abroad for the week ending February 8: Burope—The business sag seems to bave reached a limit in some countries, and here and there economic improve- ment is manifest. A general easing in money has begun to relieve local credit congestion, notably in Germiny. The trend toward agricultural tariff pro- tection, primarily for cereals -and live stock, is growing among agricultural- industrial countries, like Germany, France, Czechoslovakia and Austria, ‘where the underlying motive is to m'tflhen farm buying power, which, though indispensable to lasting indus- trial prosperity, has recovered less than an~ other class of wealth since the war. Business organizations generally are offering strong opposition to the pro- gram which will come before the tariff truce conference when it opens this month. The inter-European steel car- tel has reached an agreement for six months of experimental concentration of e through its own sales offices. The international pipe cartel has agreed to extend its co-operative program in its present form for an- other 10 years. Business Is Skeptical. Great Britain—Business is skeptical over the value of the new Government Economic Council, but pleased with the Bank of England’s appointment of ag- gressive advisers to its own board and to the board of the Securities Trust. Assurance of financial support from the government by J. H. Thomas, min- ister of unemployment, has renewed agitation and plans looking toward amalgamation within the Lancashire cotton industry. The annual reports of Britain's Big Five Banks characterize the last bank year as good and pros- pects for the coming year as bright. Sterling exchange continues to drop. ‘The coal bill has reached a deadlock. ‘There has been a perceptible slow- down from the recent high activity in the coal industry, but shipbuilding is picking up. New orders have been placed for nearly 200,000 tons, largely tankers. Germany.—Although business is still depressed, with a record of 2.000,000 unem) and difficulties are impend- ing' & pul finance, there is a stronger tone and money is gradually easing un- der the inflow of European short-term Considerable satisfaction is ex- loan ulate the Berlin market after a pro- decline. The Reichsbank has | A national syndicate -is formed to handle sales of potash by-products, such as bromide, epsom salts and ma; nesium chloride. an bottle manu- | {acturers, with annual production oll uo?om Teach a 10-year “agree- ment” France.—The resolution of the Social- ist party to enter no coalition govern- ment. meaning particularly no radical | coalition, clears the political atmos- THE SUNDAY STAR, WASHIN BOND SUMMARY FOR THE WEEK High. Low. 99.18 98.26 101.6 100.10 | 10113 100.28 9926 98.25 100. 99.1 100. 104.26 10 107.17 105.1 111,18 109.24 Lib 3% 1932-41..... Lib 15t 4% s 1932-47. 101.6 102% Austria 75'43 ¢ 92 Bank of Chile 6385 94 Bank of Chile 6% s 1961, 101% Belgium s ‘55. 115 Belgium 1%8 46, .00 109% Belglum 8s'41. 72 Bolivia 7sct '69. % 102 Bordeaux 6s°34.... 721 Brasil 6148 1926-57 94 2. 1024 Ca | .9 % Copenha | 111 109% Czechoslovakia 8s'51. | 101 991 Denmark 6%s 1955 105 103' Denmark 6s°43.. 103'; 101% Dutch East Indies 6547 103% 101's Dutch East Indies 6s'63. . 104 107 1 112 French 784 118 French T3%s 41, 106% German 7849 81 Greek 63 1968 96 State s '60. 104 95% 13% 89 106% 90 | 102 20 1043 101 101%5 Japane: 92 Kreuger&Toll 5s ct wi ‘69 11% Mexico 45 1904-54. 85 Milan 6%s " 10414 Netherlands 6s'72.. 85 New South Wales 57 100% Norway 5%s. 86% Orlent Dev 5%s ‘57 . 102 Paris-Lyons-Med 6s '58. 9914 Paris Orleans 5%8 19| 05% Pirelll 93% Poland § 99% Queensiand 105% Queensland 7841 99% Rhinelbe 7 . 86 Rhine Westphalia 6s '52. . 904 Rio de Janeiro 8s°46. ... 64% Rio Grande Do Sul 87 Rom 9715 Sao i 106% Seine Dept of 7s. 75% Serbs, Croats&S 87 Serbs Croats Slov 8 1025 Swiss 538 '46. . 9814 Toho Elec Pwr 7855 101% Utd Kingdom 5% s *37, 93% Uruguay 6s 1°60. 86% 83% Vienna 631952 T8 2% Wai 94 Yokohama 6s°61. MISCELLANEOUS. 100'% Am Sm & Ref 1st 103% Ain Sugar Ref 6s'37. 824 Armour of Del 518’43 100 Atlantic Ref deb bs ‘s 103'% Bell Tel (Pa) ref 99% Beth Steel pm bi 54 Certain-teed b%s 194! 943% Chile Copper 6s8°47. 71 Colon Oil 633 . 98% Columbia G&E deb 5s '52. 83 Comm Invest 64849 89% Comm Invest deb 60 Con Coal (Md) 1st ref bs. 36 Cuba Cane Sug ev deb 8s. 4 106 Detroit Bdison ref 634! 921 Dodge 6540 Duguesne 4 East Cuba Sug 7%s'37... General Cable 533 1947.. 8815 95 of the prosperity pro- | kiam of tax reductions and expansion | of national equipment. The social in- | surance bill, involving the necessity for | industrial readjustments, and’ scheduled | for Chambe versations toward a new Pranco-Ameri- | can commercial treaty superseding the | present modus vivendi, and it is report- | ed to have met with cordial reception | by the government. Railway earnings are up, unemploy- | ment is declining, industries, including | texi , continue to show increased ac- | tivity, exeeptions being building, auto- | mobiles and leather goods; savings are | up. Belgium Sets Precedent. Belgium.—The National Bank, offering for public subscription its par- Hcipating share in the International nk, has set a precedent. Debary Co., Amsterdam, affiliated with Deutsch- bank, Diskoni s, has contracted with the Grand Duchy of Luxemburg for the flotation of a loan of 7,000,000 florins at 5 per cent, priced at 93." Luxemburg| proposes with this fund to develop elec- | tric projects, including electrification of | the railroads. Austria.—Negotiations for the flota- | tion of a loan of $100,000.000 will b'l opened in London next week. Morgan. | Schroeder and Rothschild are reported to be participating. The Balkans—Business is depressed, | especially in Rumania, where there have been bank failures in the Banat | and Siebenbuergen sections, due pri- marily to a shortage of capital and ag- | ricultural losses due to overproduction Better returns from remaining farm stocks and business improvement are expected from now on. BANK STOCKS REGISTER INCREASE IN JANUARY ‘The bank stock market registered a ,ndunl recovery during Janua: clos- ing at the highest level of the month and at the highest average price reached since the crash, with the excep- tion of December 7. According to the ‘weighted index compiled by Hoit, Rose & Troster, bank stock specialists, the average for 14 leading bank stocks opened in January at 172, the low point for the month, rose to 179 on January 24 and closed at that figure on_January 3 by | Excellent earnings reports, merger | rumors and resultant revival of public interest are held responsible for the improvement. Of the 14 issues used in the vance was Corn Exchange, opened at 178 and closed at 211, hav- been as high as 218. Guaranty ‘Trust closed at 700, or 32 points higher than its opening of 668. National City closed with a gain of 1413 Equitable, 11% points; Chase, 10 points, and Chatham Phenix, 10. Furnished, One Room and Bath Non-house- keeping Apartment, with Reasonable Rental THE ARGONNE 16th & Columbia Road points, | 103 106% 92 101% 93 4 Gen Motors 6s'37 - Goodrich (B F) 6%8°47. . Goodyear Rubber s 1957. Humble Oll & R 5%8'32.. Inland Steel 438 19’ Ini Inter Match b8 % Inter Mer Marin Inter Paper 68 A ‘4 Inter Tel&T cv 4% Kendall 5% *48 (war). 4 Lackawanna Steel 655 125 90 102 104% 101 Lorillard 6%s '37 Manati Sugarsf 7 Midvale Steel b5 '36. 0% 99% % 100 997 9TH 40 21 Nat Radiator 6%s 106% New England Tel 65 114 4 N Y Edison 1st 6145741 100 \ Y Tel 41839 10734 J 101% 101 102% 105 103% 995 98% North Amer Ed 5s ‘67.... Northern States Power 63 Pacific Gas & Elec 53 '42. . Pacific Tel & Tel 65 '63... Pan-American 6s'34..... Paramt-Fam-Lasky 6547 Philadelphia Co 6367, Phila&Read C&1 6s wi Philips Petrolm 5% s ‘39, 5 Postal Tel & Cable 3. Remington-Rand b%s 47 Stnelair O1l 6s '30 Sinclair Ol 78 ‘37 Sinclair Crude Oll 64 Sinclair Pipe Line 55 1942 Southwesn Bell Tel 65 '54 Stand Of1 N J 68 Stand Ol N ¥ 4%s'51. Tenn Copper 65 Transcon Ofl United Drug bs '63. U S Rubber 18t & ref b 100% U S Rubber 7%s '30. 98 Utah Power & Light 5s. 8615 Utilities P & L 5%8"47... 95 9243 94is 97 100'% 102 984 957 104% 103 974 101 100 100% 97 94'% 1017% 100% 95 97% 99 92% 821y UNITED STATES GOVERNMENT. Hich Low. Close. - 9910 992 3-38. 101.13 10030 10130 +1. es. 99.26 99.25 9926 +.24 107.10 106,12 107.8 +1 11118 110, 100% 105 102 102% 102% 103% | =193 Lo 110 108 101 100 101% 100% 99.0 +, 7 100.26 100.30 ——1930—— High. Low. 1118 +.28/ 915 91 93% 911 9% 98% 101% 101% 1027 10815 91 1001 G 1031% + % 88+ M 25% — % T6% +218 96% — % 1 Ul + % % 1004 + % 104% + % 101% —1% 102% + % 106% +1% 99 s 116% + % 120% +1% 8518 103 9919 1034 103% + B4 + 18 89 106 85 101% + % 874 108% — 1014 + 5% + % 92% +1 § 111t —1 9% +% 100 107% + % 104% +2 904 +1 9% + % 67 89 99 108 79+ 8816 + 102% — 99y — 104 94% - 850 78 . 9% + & 87% 103% 25% 104 109 105% 110% 984 109 111% 2 102 108 9913 ~ Y% 2% 148% +7 100% +1% 79 % 104% 4 20 8615 901y 63 103% 100% 97% 81% 95% 100 95% 8713 88% 100 106% 2 116 122 g 89 101% 100%5 1004 ) 935 10214 100% 103% 81% 07 100 99 99% 93% o 80 97 2914 8712 Atch, To & S Feadj ¢ Atch T&S F gen 4s Atch,To & San F 41 *4 Atlantie CL 1st B & O gold 4543, Balto & Ohlo Balto & Ohlo ve B&OPItLE& W Va 4, B&OS W Div6s's0.., Bangor & Aroos 4s Boston & Maine bs. % Broadwy & Ttn Av bs 43, 5 Brooklyn Manhat 1st Canadian Natl 4148 '30 Canada National ¢%s Canadian Natl 4 Canadian Pacific Central Pacific 3 Central Pacific 58 1960 Chesapeake Corp bs i Ches & Ohlo gen 4345 9! Ches & Ohio 4%s8°93 A ChiB&Q4+%8B'T7 Chi B& Qref 6571, Chi & East 111 gen 6s '51 Chi Great West 4s’50. ... % Chi M St P& P 6875, Chi M St P& Padj 6 Chi&N W 6%43'36 Chicago Northwest 721 Chicago Rys b8 ‘37 9514 Chi R 1 & Pac ret 1141 Chi Union Station 6% Chi & Western ind con Chi & Wesern Ind 63 CCC&St LbsD, Cleveland Termi 68 B ‘73, Cleve Terminal 6348, Colo & Sou ref 438 ‘36 Cuba R R 58 '62. Cuba North b%s Del & Hudson 5%s '37 % Den & Rio Grande en 4s. Den & R G West 58 ‘65 Den&Rio Gr Westn 55'78, Des M & F't Dodge 45 '35 Detroit United 4%s '33. Mil El Ry & Li Minn & St L ref 454! M3tP&SSM6ks 31, Mo Kan & Tex 1st 4890, Mo Kan & Tex ad) Mo Kan & Tex pr In Mo Pacific gen Missouri Pacifl Mo Pacific 68 F. 96% Missout) Pacif 3 Mobilé' & Ohio 4 %s ‘77, Cent deb 6: . hi & St Lref6%s A 1 & St Lref 533 B 'hi & St L 65 A 1931, aven deb 4s'57 i w. 9615 95ts Walworth 8%4s'35 Western Unlon T Wilson & Co 1st Youngstown Steel 61 *78.. 101% 1083 108% + % 100 100% 1 % 16%s, e 1001 101 1% . 100% RAILROAD. i, w. Close. 3 Lni s +1% 91! 93% t 139% 92 92% 9% 102% 102 104 High 49 Fonda J & G 4%s'52 Grand Trunk s f deb Grand Trunk 7s'40. Great North 4%3 '76. Great North Great North g 4 Havana Elec Ry § Hudxon & Man adj 58 '57. Hud & Man ref 5857, Illinois Central ref 4s '65. 1llinois Central 4% s 4 Inter Rapid Tran bs Inter Rap Tr b Inter Rapid Traj Inter Rapid Tran cv Iater & Gi Inter Ry Cent Am 645, lowa Cent ref 4s'51.. Kan City South 3s 1950 . Kan City South b Kan City T Lake Shore 45 '31 Lehigh Valley en 104% 109 964, 108% 110% 64% Nor ad, *50. 4 99 88 94% 100% 0% 4l ¥ t Ry o t 1st ref bs. L4+ +14+ ®REF L4414 44+ 14444 #3 =3 North Pacific 3s 2047, 89 North Pacific 4s'97. North Pacific 5 North Paclific r { ©Ore Short L ref 4s 2! Ore Wash 1st ref 45 1961 Penna cn 4 % Penn 6%s ‘36 Pennsylvania 78 '3 Reading 4%s'97 Rio Grand West col 4s. RIArk& L 4%s" StL Iron Mt gen StLIM&SR&G4'33., StL&SF prin4s A 60, StL&SF4%s'78... StL & San Fran 6s B ‘50 % St Louls S W con 4 StPKCSLine 4%s Seaboard A L ref 4859 Seaboard A L adj 63" Seaboard A L con 6s "4 4 South Pacific col 48'49. .. South Pacific ref (13 1931, Southern Ry Southn Rwy 9| Soutnern Ry dev 6%s '56. Third Ave 1st ref 43 '60. .. Third Ave adj 6s '60 93% Unton Pacific 1st 4 8734 Union Pacific 4 Union Pacific ri 102% Virginia Ry 1st b Va Ry & Power 55'34. ..., 88% Wabash 4 101%4 Wabash 1st 55°39. 974 Wabash 6s B 1976 101% Wabash 534875 Western Maryland 4s '52. 94% Westn Maryland 5%s 7' Western Pacific 55 46 861 West Shore 1st 4 236 ++ E 51978, . EEEEER EEbEEbEa L4ty Ui 8% $20,000,000 GENERATOR. { | NEW YORK, February 8 (#).—Work | has started on the installation of the first unit of the generator of the $20,~ 000,000 Saluda hydroelectric develop- ment in South Carolina of the General { Gas & Electric Corporation. The first | three units of the four to be installed i will be completed for operation by Ju I WILL SELL $2,000 Smith Bldg. 6%% 1937 @ 70. $4,000 Corcoran Courts 7% 1935 @ 93. $5,000 Investment Bldg. 6%% 1938 @ 90. $5,000 Overbrook Arms 7% 1936 @ 80. 10 Federal Cities Securities @ 12, 400 Miller Train Control @ 60c. 100 Washington Baseball @ 57%3. 900 Nat. Mort. & Inv. Com., bid. 20 Wardman Mortgage Dis- count Units @ 25. 1 Wardman R. E. Investment 8% pfd. @ 42%;. 25 International Bank “old,” bid. THOMAS L. HUME 1412 G Street National 1346-1347 SHI”~ COMPANY DIVIDEND. Manhattan Shirt Co, declared regu- lar quarterly dividend of 50 cents on common, payable March 1 to stock of record February 15. i Operations at the plants of the Youngstown Sheet & Tube Co. next week will be increased 5 per cent to 75 per cent of rated capacity, the high- | est level in three months. In:talled _in One Day No Diccomfort Terms to Suit You! Washington Gas Light Company House Heating Dept. 'Rn ional 8280 CHICAGO DAIRY MARKET. CHICAGO, February 8 (#).—Butter— Firm; receipts, 7,848 tubs; creamery, extras, 36Y;; standards, 36%: extra flrilu g? !'g 3;5;,:: firsts, 33 to 34; sec- onds, 3 Easy; receipts, 6,683 cases; extra. firsts, 37; graded firsts, 36: ordinary firsts, 32 to 34. We recommend— Thermoid Common (Listed New York Curb Market) This Company is one of the largest manufac- turers of Asbestos Brake-lining in _the U. 8, supplying about 20% of the total con- sumption. Earnings 1928, 3.91 per share. Earnings 1929 (first 6 mos.), 228 per share, Yield better than 9% on current mar- ket price and present dividend basis of $2.00 per share. Orders executed at the market. Waggaman, Brawner & Co. INC. Investment Bankers 700 E. St. N.W. tany 8860 FE FrFEe .| SALES RESISTANCE MORE, %lde £ OFPE GTON, D. C., FEBRUARY 9, 1930—PART ONE. FINANCI AL. "NEW YORK STOCK EXCHANGE St Louls & San F pf (6). St Louis Southw. pllall’l . Savage Arms (2) Schulte Retail Sto Schulte Stores pt (8) Seaboard Afr Line. Seaboard Air Line pf. g:mflvo Lfl'”) ceeeees 8 Roebk & Co . % Second Natl Inv, .%’“) ond Natl Iny Seneca Copper Servel Inc..,..".. . Sharon Steel Hoop (2).. Sharp & Donme. 5 0. . Sharp & Dohme pf (334). Shattuck (F G) (11%). . Shell Transport (a2.41). Shell Union (1.40)...... Shell Union Oil pt(5%) . Shubert Theatres. . Simmons Co (g3). Simms Pet (1.60). % Sinclair Con Ol (2 Sinclair Consol pt (8 Skelly 011 (2), 4 Snider Packing Snider Packing pf Solvay Am Inv w % So Por Rico Sug (2).. . SoPorto Rico Sug pf(8. Southern Calif Ed (2) Southern Dari, Southern Pacific Southern Railway (8). .. Southern Railway pt(5): Spalding (AG) (2)...... Spalding A G 1st pf (7). Spang Chalfant & C Spang Chalfant pt (§) Sparks Withington (1) % Spencer Kellog (1.60). .. Spicer Mfg. . Spicer Mfg pf (3).... .. Spiegel-May-Stern (3).. Stand Brands (13%)..... Stand Brands pe (7). Stand Coml Tob (1) i Stand Gas & FI (3%) Stand Gas & El pf (4) Stand Invest Corp Stand O of Cal (2% Stand Oil Export pf (5 Standard OIl N J (12) Stand OII N Y (1 Gl of (5).. Starratt (L S) Co(2). Sterling Sec A)........ Sterling Secur pf (1.20). Sterling Sec cv pf(3). .. Stewart-Warner (h2%). Stone & Webster (2). 1 Studebaker Co (5) . Studebaker Co pf (7).... 121% % Submarine Boat. ¥ Sun Oil (11).. Symington. . Symington Cla - % Telautograph Cp(1.25) Tenn Copper &Ch (1) Texas Corp (3).... ‘Texas Gulf Sulphur (4). Tex PC&O (b10%).... Texas Pac Land Trust. Thatcher Mfg (1.60). 4 That'er Mf pf (3.60). The Fair (2.40). The Fair pf (7 Third Avenu Thompson J Tide Water As O pf (6). Tide Water Oil (80¢)... Tide Water Ol pt (5)... 4 Timken Det Axle(t80c). Timken Roller Bg (3)... Tobacco Products. Tobagco Products A. Transcontinental Oll. . . Transue & Willlams (1). Trico Products (234). ... Truax-Tra Coa] (1.60).. Truscon Stl (g1.20)..... Tivin City Raold Tr (4) Twin City Rap Tr pf(7). Underwood-ElI*Fish(5). Underwd-EIl-F pt (7)... Union Bag & Paper..... Union Carb & C (2.60) .. % Union Ol of Cal ($2) Union Pacific (10). Union Pacific pf (4) Union Tank Car 5 United Aircraft United Aircraft pf (3). United Biscuit (1.60) United Biscuit pf (7) Utd Carbon (2).. United Cigar Stors United Cigar pf. United Corp. .. % United Corp pf (Continued From Fourth Page.) Net Chge. + 1% 1% 2 [ 1% 1% Fhh 44+ H444 P e IR A RE ] AR ! (R 4 Vi H LT+ 4+ ——— SERFESEE F F X +100 0 P44+ 4+l +4 ] +4++ 14010 41 —1i High, 8 563 17% 161 133 445 129 payments based on the latest quarterly or h 4% in stock. § e tock. h m Plus 631% of stockholde Net Che. 3 | 56 + 1 161 + 2% 100% + % 38U+ U 99y 108 + 3% 2% - % 10 " 3 -3 18 =) 3% 25% - 89 Low. Stock and divident 4 United Dyewood. . . United Dyewood pf (7). 10 United Elec Coal. ...... 100 United Fruit (4)....... 31% Utd Gas & Improv (1.20) 97 United Gas Imp pf (5).. % United Paverboard. Unit Piece Dye W (2) 4% United Stores A 15% United Stores pf. 15% U S Distributing. 2% U S Expr 184 US& For 8514 US & For Sec pt (8).... 94% U S Freight (3).. 19 U S Hoftman Mch (2) 110% U S Indus Alcohol (+7) T4 US Leather.. 15% U. S. Leather, A 18% US Pipe & Fdy (2). 15% U S Pipe&Fy ist pf 1.20 181 U S Pipe&Fy 2d pf 1.20.. 80 US Realty & Imp (5) 21% US Rubber. 47% U S Rubber 33% US Smelt & Ref (3%). 5213 US Smelt & Ref pf(3% 166 U S Steel (7). 141 US Steel Corp p ! 604 U S Tobacco (4)...o. .. 3215 Universal Leaf Tob (3). 30 Univ Pictures 1st pf (8). 2% Univ Pipe & Rad 195 Utah Copper (16 31% Util Pwr&Lt A (e2) Vadasco Sales. . High. Low. Close. 8 ™ 8 B6 56 17% 13% 101% 100 39 37 BANKING POSITION REMAINS STRONG Trade Slackness Continues, but Money Rates and Stocks Show Good Tone. Special Dispatch to The Star. NEW YORK, Feb 'y 8—While the week's crop of business indicators re- flect continued trade slackness and hesitancy, fundamentally the most re- assuring factors in the whole situation are the continued strengthening of the banking position, the easing of money rates and the fairly steady improve- ment in security markets, says the Business Week in_its report covering the week ending February 8. Steel production, according to fig- ures being given out, continues to gain 80 rapidly that the lost groynd since the stock market crash has aBout been recovered, and there is some curiosity as to whether there will be very much more left to recover this month uniess % | general trade conditions improve faster than they do. The factors underlying steel recovery have not yet made them- selves generally felt. It seems unlikely that steel, and the automobile activity back of it, should have made a forced or false start, but if they have general 100% Va Elec & Power pf(6) 105% Virginia E1 & P pf (7)... 39 Va Iron Coal & Coke (p: 65 Vulcan Detinning. 68 Vulcan Detinning (A). 85 Vulcan Detin pf (7).... 90 VulcanDetinning pfA(7) 51 Wabash. 83 Wabash pf, A (5) 75 Wabash pf, B (5)..... 2414 Waldorf System (134).. 26 Walworth Co (2) 21% Ward Baking (A) 414 Ward Baking B. 58 Wara Baking pf (7) 38% Warner Bros Pl (4 361 Warner Bros P pt ( 16% Warner Quinlan (2) 132 Warren Bros (19). 46 Warren Bros 1st pf (3) 23% Warren Fdy & Pipe (2). 5% Webster-Eisenlohr. 51% Webster-Eisenlor pf (7) 2215 Wesson Oil & Snow (2). 5013 Wesson Oll & Sn pf (4). 99 West Penn Elec A (7). 97% West Penn Elec pf (6). 105% West Penn Elec pf (7). 104% West Penn Power pf(6). 113% West Penn Power pf(7). 44 Western Dairy A (4). 13% Wi 52% + 3% 18% — 1% 158 4+ 5 AO% + 25% - k&l 116% + % 46U+ % 17% + 2% 28% + 2 29 +2 26% + 3 50% + 5 110% — 1% 4BY + 1% 163% + % 161% + 1% 140 Westingrouse E & M(5) Westingh 20% Weston Elee Inst (1). 33's Weston Elec Inst A (2). 37 t Vaco Clilorine(2). Wextark Radio (2) White Eagle (2). White Motors (2) 36% White Rock Min 8p 7 White Sewing Machine. . 27% White Sewing M pf (4).. 13% Wilcox Oil & Gas... 27 Wilcox & Rich (A) 3% 19% Wilcox Rich, B (2) 7% Willys-Over (1.20) 67% Willys-Overland pt (7).. 34 Wilson & Ce. 36% ~ 1% 104 + 1% 35% + 3% 0%+ % 32 -1 24% - % 10% + 1% 9% + 1% 52 + 1% 67 -2y 84 + 2% 9% + 1% 8% + % 5% - % % + W 19% + 1% 7 8 + 5 40% 43% + 1% 121 125 - 2% (Y 67% Worthington Pump. 82% Werthngton Pump 78 Worthngton Pymp B(§) 85% Wright Aero (2) . 2% Yale & Towne (15)... 12% Yellow Truek & Coach. 72 Yellow Tr & Coach pf. 36% Young Spring (3). 44 108 Youngston Sheet& T (5) 29 9% 5% Zenith Radlo. . 8% RIGHTS—EXPIRE. 1 15 Am R Mills 1% 1% Balti & Ohio 3% 1% Col Carbon. % % ErleRR... Dividend rates as given in the above table are the annual cash f yearly declarations $Unit of trading less than 100 share ble in scrip. § Plus r s lus % in stock. lus in Plus 2% in stock. j Plus 8% in Pt in stock. n Plus 8% in Stocke D Bubjast 9 Voorovki INCOME OFF 7 PER CENT Sales efforts in the first half of 1930 will meet more resistance, particularly in the industrial centers, than has been felt since the depression of 1921, ac- cording to the Brookmire Service, which adds: “Sales prospects for the next six months reflect the decline in purchas- ing power of the country as a whole. ‘Total United States income for this period is estimated at approximately $33,970,000,000, a decrease of about 7 per cent from the same period of last year.” e les of the J. C. Penney Co., ent store chain, for January $10,610933, as compared with 616 for the s: month last | year, an increase of about 17.7 per | Gre were $0,01 THE COMMERCIAL NATIONAL BANK SAVINGS DEPOSITS bear INTEREST ON DAILY BALANCES from DAY of DEPOSIT to DAY of WITHDRAW- AL. Compare this meth- od with usual method of computation. Call and let us explain. OTHER DEPARTMENTS are equipped to serve you intalltbanbingandiaduee ary matters. “The Bank of Personal Service” 14th & G Streets N.W. RESOURCES OVER $20,000,000 WADE H. COOPER, President z First Mortgage Loans Applications Invited Glover & Flather 1508 H St. N.W. National 1753 - S THERE We Solicit the Rental Management of Your Property Whether Apartment, Residence or Business - Prompt Collections RENTS REMITTED THE DAY RECEIVED Our Rental Department is Most Complete and Efficient. business recovery would be delayed. The bridge of building activity be- tween the Fall and Spring seasons is g. Preight movement and check money turnover are feeble, and com- modity prices have been subject to fainting spells, in which Farm Board maneuvers in commodity i ~rkets have not helped. The slump in ~-ices of the great staples is not in itseli so unfavor- able a factor—except for the foreign trade outlook—as is the prospect of prolonged uncertainty and unsettlement in commodity markets which Govern- ment intrusion involves, Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes Bearing 619, Intere consutt WELC| A Loan Spe 15th & N. Y. Ave. N.W, Nati Realtors Nation al Savings & Trust Bull ~ WE NOW HAVE AVAILABLE 0, 1ST TRUST NOTES ALLAN E. WALKER & C0,, INC. 913 15th St. Nat. 2690 | FOR SALE A Limited Number Only 5 First Trust Notes i ly, Office. T fisgieiene National 6110-6111-6213 (Telephone Directory Omission) LOANS ON REAL ESTATE We have available funds at cur- O ERATION BORRO! Both large all loans negotiated. MOORE & HILL, Inc. Since 1900 730 17th Street First Mortgage Loans In An County and lington = ty :n Commonwealth Investment Co., Inc. 806 15th St. N.W. Phone National 2623 Mortgage Loaw Correspondent for The Prudential. Insurance Co. of Ame Established 1199, MONEY TO LOAN We offer co-operation at all times in the solution of Ownership Problems, such as refinancing your mortgage, repairs, insurance, etc. RANDALL H. HAGNER & COMPANY, Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Ave. N.W. Phone Decatur 3600 AFE Over a Third of a Century Without a Loss B. F. SAUL CO. National 2100 IS FIR'ST MORTGAGES HOPE OR CERTAINTY? There are two types of in- vestment. One is predicated on hope of return; the other is based on the SURETY of security. Our 6!,% FIRST MORTGAGES come under the latter head. There is no conjecture about what they pay in interest, or when it will be paid. Both points are settled facts, as well as that the principal will be re- turned intact. May be purchased in amounts from $250 up. 925 15th St. N.W. NO SUBSTITUTE ' FOR SAFETY AT 6% INTEREST Trusts Comnltl}VE!LCH Fnllorl 15th & N. Y. A.':. N'.!W. : Main 4348 vings & Trust Bullding Ne Extras Offices for Rent in the Chandler Building 1427 Eye St. N.W. N the heart of Washington's financial district. Single Offices and Suites EATURING free secretarial service, public stenographer, ice water on each floor, high- speed elevators, excellent outside 1@: and Venetian blinds at all windows. HANNON Managing Agents 1435 K St. Nat. 2345 WE WILL BUY Racquet Club Bonds Great National Insuranée International Finance Real Estate Mtg, & Invest. com. Bonds WE WILL SELL 2,000 R. E. Mige. & Guar. Com. 30 v.imm“' Mige. & Discount 500 Suvalier, 10t & Ret. 63%s, 1948, 50 F. H. Smith 734% pid. @ 22%4. 1,000 fhltll- Apt. 1st & Ref. 614s, , @ 60. 1,000. Smith . 8 1037, @ 67%. 1500 Faitrax 15k "é:'mam. m“.. 1943, @ 45. lExperienceAdverisersPrefer TheStar CAPITAL CITY CO. 509 Washington Bldg. Phone District 8291-8292