Evening Star Newspaper, February 13, 1930, Page 15

THE EVENING STAR, WASHINGTON. P. €., THURSDAY, FEBRUARY 13, 1930, J Notice—All stocks are sold in one h lots | —Prev. 1930.— Stock and Sales— e e R e, | ien Low fdend Rad N ? y GAlN |N leGlN'A gl g T 7 ), i, o % 1 47% 41% Transamer ($1.60).. 4T 46k 46n U S Lines pt (50¢).. wl:,'lch ‘::;:wn ‘h-:z:::e::a'. henl::l’i;ln odd lots only. H;d :‘El;c;::r;r;:)'. 2 ;:: 41% ’ ]::M 6 Tran Con Afr Tran.. gi;_u::n:nr (f{yfl”). Bh, 10w, . Didaed Rate. A4 00 Open.Mgh, Low. Close. filinots P L (20), 41 0 T4 Trlus DL o oa) U 'S Rubber Reclaim. Gas, Oil, Mine and Other| &« 8 acewiProaa...... 2 s g 9" % Imp Chem (Ind). ... § 54 8% PH1 R 4 ThiCentcorpwaris U S Shares Fin. .. ... T v S LA Ry SR " . 16% 11% Tri-Continental Cor. 40 Unit Verde Ext (4).. 9% 7 Aero 4 Shares Well Bought. 1% Aeronautic Ind war. Tri-Cont Corppf(6). 4 4 Utility Pw & Lt(al). 2. AsroSupMIgB Tri-Util Cor ($1.20). 9 T Utility & Ind Upswing Vigorous. 13% Aero Underwriters. . iy 6 11% Air Inv Incev pr. Triplex Safety Glass. 1 Util & Ind pt (1%).. Tunz P .60). 1 Utility Equities. ... 201 Ainsworth Mfg $23%. ork S (1.60) v Eq 111 Ala Pwr cum pf ( BY JOHN A. CRONE, 1% Alexander Indust. Tub Art Silk B (10). 1008 4 Vacuum Ofl (14%).. Tung-Sol Lamp (2).. 10 Van Camp P pf(1%). Ungerlelder F Corp. . Venezuela Ptm (20¢) Special Dispatch to The Star. i 4 18 Al Amer Gen Corp. NEW Pebrua 4 Allegheny Gas Corp. ST Al 12% Allied Mills (60c). were whirled vigourously in today's 2:iAnnual Report Reveals Ex- tension of Service—Of- ficers Are Elected. o 1% 9 Indiana P L, n(i2%). 15 2 Ind P&L cupf (8%). 27 Tnsull Ut Inv(b6%) . 14 o 9 JusCoof N Am (13). “ Insuranee Sec (1.40) Intercontinent Pet n. Intl Petrol. n(623%c¢) Inter Prod pf (6).... Intl Superpow ($1). 3 @ 30 9 T 000 NS B 28 3 At the annual meeting of the Chesa- \*| peake & Potomac Telephone Co. of Vir- *| ginta, held in Richmond yesterday, the present board of directors and officers were re-clected. The directors are John S. Eggleston, Richmond: Homer L. Ferguson, Newport News; Goldsborough Union Amer Invest Vick Fin Corp. 354 Allied Pow & Lt. Un NG Can (11.60).. Vogt Mfg Co (2) . # Union Tobacco. . 4 Waltt&BondB(1.40). Unit Carbon pt (7) Walgreen Co. . active curb market following announce- | 49% 45 Allied Pwr&Lt p United Gh pt ot (3. % Watson (19) Corl10 ments of mergers which set afioat el 2 Ll United Corp war. Wayne Pump. ..... Dumerous rumors of prospective con-| 335 275 Aluminum Co of Am Diiadpe Duebs. solidations. Gas, oil, mine, trading 106% Alu Co of Am pf (8). corporations and miscellaneous indus- Sl G trial shares also managed to attract a afice ‘Cor considerable following. Unit El Ser pur war. 5% Am Beverage ‘The upswing of the utility group was United Gas C «|Serpell, Norfolk; Lloyd B. Wilson, nite a8 Co.v.une Wi B 4 sl S TR nter (Benj) +| Phillp O. Coffin, Marshal D, Sedam and 4% Am Brit & Cont 7% Am Br B El fd sh: led by such old favorites as American Superpower. Elsctric Bond & Share, Utd Lt & Po pf (6).. Zanite Efod (1:60).+. 29 174 18 18% | Deruelle S. Porter, Washington; Walter 37 Am Chain (3)... Standard Power & Light, Associated 14 AmC P&L B (b10%) % U P! 2514 v 25 RIGH . $ # Unit Molasses Lid 5% 2 OGS A ERR At g < 4 4|8 Gifford and Eugene S. Wilson, New 5 USDairy B....... % Crocker Wheeler ..Feb.24 23 2% 21 2% 214 York, 37tk Am Cit P&L A (a3). 31 b10%. Gas and Niagara Hudson Power. - R I Electric Bond & Share virtually mo- "33 Am Cmwlth Po war. 43 35% Lackawanna Sec(4). nopolized the tape shortly after mid- g c U - . 3 2. Officers of the company re-elected % U S Elec Pwr ww 2% So. Cal. Edison....Apr. 12 FO . 3 . Q U'S Finishing (32) 01 Trans Corp........Mar & 5 04 04| were Lloyd B. Wilson, president; Mar # 22% 14% Lefcourt Realty 1.60. day, rushing up at one time to 102', or o e B arie ookl BT 20 Lefcourt Real pf (1) & net gain of 3% on a huge turnover. - » e apasnSn eBlen Sxhilcarmm i Interstate Equities. . Interest Ea ev pf (3) Interstat H M (1.40). 14% 12 Trving Air Ch (1.50), 16% 9% Italian Superpow A.. 9% 5 Italian Superb war.. 2 2% Jonas & Naumburg. . 264 25 KanCity PSvtcApf 4 4 3 KanCity PubS vtc.. 21 _ 1% Kirby Petroleum. ... T25% ~ 23% Kleinert Co (234)... 1% % Kolster-Br (Am8h). 3 B33 oY 4 e St b ry; Thomas B. Clarkson, treasurer, and Dozier A. De Vane, general counsel tdend dollare based on fast auarterl - | shal D. Sedam, Philip ©. Coffin, John e s Ty ot R 1 P T et res Nl b Koons and Burdett Stryker, vice More than a score of utilities climbed to record heights for the year. This C. o | “Ex- Partly extra. tPlus extra in stock. a P : i US&InSctr (234). ‘ cash o Stock. b Pavable n stock. o Favabie T prererren atons. ™ | presidents: Deruelle S. Porter, secre list included American Superpower, Niagara Hudson Power, Standard Pow- er Light and such utility investment firms as Central States Electric, Niagara Shares and Eastern States Power B. The gain in copper metal stocks dur- ing January had been expected, so the red metal shares easily disposed of this piece of news. Hudson Bay Mining registered a new high for the year as most of the others moved irregularly. Miller Rubber preferred, which is to be exchanged for Goodrich Tire and Rubber shares, rose more than a point. National Steel climbed to a new high before running into realizing. ‘Thomp- son Preducts A likewise reached a new peak, as did American Chain common. A. & P. PLANS BRANCHES ON PACIFIC COAST Br the Associated Press. NEW YORK, February 13.—Formal Announcement was made today by John A. Hartford, president, thst the Great Atlantic & Pacific Tea Co. will open branch units on the Pacific Coast on or about March 15. The first of the stores, possibly a dozen in number, the announcement said, will be in Los An- geles. Others eventually will follow along the entire West Coast. The com- pany now has 15,000 stores in 34 States and two Canadian provinces, but these will be the first units west of Omaha. NEW YORK COTTON. NEW YORK, February 13 (#).—The " cotton market opened barely steady at & decline of 5 to 14 points, with active months soon showing net losses of 15 to 19 points in response to the relatively easy showing of Liverpool over yester- day’s local holiday. May solc off to 15.86 and October to 16.25 dur! the first few minutes makeing, net of 15 to 19 points, but these prices seemed to bring in a little more buying and prices steadied up several points from the lowest, At the end of the first balf hour May was ruling around 15.93, with the market some 9 to 16 points below last Tuesdays closing quotations. Old crop positions were relatively steady on covering and trade buying, and there was some bearish comment on reports that fertilizer tag sales for the Southern Statec during January showed an in- crease of 11.1 per cent, as compared with last year. GRAIN MARKETS. CHICAGO, February 13 (#).—Wheat scored material gains in price early to- day after an irregular start. Absence of selling pressure w‘t':ns an wm:n?xl:‘c feal together commen! vhnm“n'er the outcome of Farm Board emergency measures might be the im- mediate effect should be bullish. - ing at % off to % up, Chicago wheat future deliveries sagged a little more, and then rose all around to well above visions were easy, unchanged to 1 down, and afterward near to the initial figures. in Chicago wheat values to: day were accompanied at times by con- siderable speculative delivery purchas- ing based on expected stimulus from activities of the Pederal Farm Board's new ally, the National Grain Stabiliza- . In this connection a good deal of notice today was taken of a statement attributed to C. E. Huff, chairman of the board of managers of the Farmers' National Grain Corpora- tion, that the loan basis of the Farm Board is the minimum at which wheat should sell, and that the basis referred to was fixed upon after deliberate con- sideration of world market factors. Dispatches showing wheat price ad- vances at Liverpool today, after an early setback there, helped to give firm- ness to the Chicago market. Temporary downturns of values at Liverpool were ascribed to larger Russian and Argen- tine shipments. Meanwhile, only a very limited export business in wheat from North America was noted over the holi- day and transatlantic demand was de- scribed as disappointing. 6 113% 10 5% 45 6514 1% 44 554 =l 943 A 1% 12% 9% 8% 86 TH 18 614 36'% 7 1 22% % 15% 221y 18 14% 6% 14 12% 24% 36 46 105 31% 6% 33% 27% 61y 10% 2% 2% 14 32% 3 3% 5 31 3% 1% 3% 543 % 23 5 80 22% 34% 19 a% 123 60 113% 106% 32% 264 897% 88 1% % 27 % 280 234 lfl§% 95% Y% 1% 15 5 21% 8% b 2% 1% 2% 1% 21% 18% R ) 650 435 181% 123 5% 24 6% 4% 5 10% Am Gas & Elec (31). Am Invest Inc B. Am Investors (war). Am Lt & Tract (10). Am Mfg Co (4) 2 Am Mfg pf (5) Am Maracafbo. Am Phoenix Corp Am Salamandra (3). Am Superpower (1). Am Super 1st pf (6) Am Yvette (new) wi Amrad Corp (1). ‘Amster Trad (1%) Anchor Post F' (2). Apex Electrical Mfg. Arcturus Rad Tube. . Arkansas Nat Gas. .. Arkansas Nat Gas A, Ark N G em pf (80c) Art Metal Works(3) Asso-Elec Ind Ltd. .. Asso G & B A (12.40) AsS0 G&E A deb rts.. Asso Laund (2200) .. Atl Coast Fish(1.40), Atiant Fruit & Sug. . Atlantic See Corp. ... Atlas Plywood (2)... Atlas Stores (11) Auto Musie (A) (1, Auto Voting Mach AutV Mevprot(2). Aviation Credit Aviation Corp of Axton-F Tob A 3.20. Bancomit new (1.60) Bently Chn St(1.20) . Blaw-Knox Co (1%). Blue Ridge Corp. . Blue Ridge cv pf. ... Blumenthal (S)..... Brazil Tr & Lt (2),.. Brill Corp A (2.60) Brill Corp B. Brit Am Tob B 1. Brown F&W, B 2.4 Bulova cv pf (334) Burco, Inc (war) Burma Corp (131! Bwana M Kubwa, Cable Radio T vtc. Cab&Wire LtdA rcts Cab&Wire LtdB rets. Can Mareoni. ... Can Pacific(new)w. Carib Syndicat Carman & Co A Carnegie Metals. Celan Cor 1st pf (7). Cent & Southw Util.. Cent PSvA (aL75).. Cen States El ($40c) Centrifug Pipe (60c) Chatn Stores Stock. . Childs Co. pf. (7). ...l Cities Service (130¢), Citles Serv pf (6) Clark bighter A. yndical Lt 19 Com’with Edison (8)170s Comwith Pow pt (6). C A M Co ctfs. CAM Cocum pt. Consolidated Aircraf Consolidated Copper. Balto(3.60) BaltpfA3., Con Gas Ut A (2.20). Cumb'ind Pipe L(4). Curtiss Flying Serv.. Curtiss Wright war.. Cusi Mex Mining. Davenport Hos (2) Deere & Co new w.1. De Forest Radio. Derby Oil & Refin Detroit Atrcraft C Dix Gas & Utilities. E: ®. R B HOANANDRRABEDSNN AOARO R~ A NN D N e 2 1910 G5 D ek 53 03 P G0 55 20% 18% 22 614 29% 89% 343 53% 40 5 24% 20 * 15% 17 12% 40% 323, 13 1% 1% 62 58 12% 57% 20 23 214 10 27% 22 34% 25 4 Miller Rubber pf. Lehigh Coa)&Nav(n) Lehman (The) Corp. Lerner Stores (2)... Libby MeNeil & L. . Lily T Cup (150). Lion Oil Refin (2)... Loews Ine war. L T O R e A T T F S epey-— Lone Star, new (80c) Long Isl Light(60c). Louistana Lan & Ex., Mac Marr Stores Magdalena Synd Mangel Stores. Man-Bowman A Marc W T br sh(62¢) Marine Mid Cp (1.20) Marion Steam Shov. Marland of Mexico. Mavis Bottling. Mayflower Assn... . Mead Johnson(13%) Memph Nat Gas Co.. Mercantile Stors(5) . Mer Chap & S(1.60) .. Mer& Mf S A (1.50). Mesabi fron........ Met & Min dnc (1.20) Midl Unit (b1% %) .. Mid Wst Util (b8%). Mid W Ut cv pf xwé. Mid West Ut A war., Mid West Ut B war oS Tan annvuan 5 IS & B TS TRV S0V Min Corp of C (25 Miss River F Cp wa. MoKanPL (b10%). Mount Prod (1.60).. Nachman Spring (3) Nat Amer Co. Nat Aviation., 17 Nat Casket (4)...... Natl Fam Strs (1.60! Natl Fam 8 pf (2) Nat Fuel Gas (1) 1 Nat In itors (n 59 Nat Pow & Lt pf (7).2008 Nat Pub Sv A (1.60) Nat Rub Mach (2).. Nat Steel Corp tw (2° Nat Sugar NJ (2)..s Nat Transit (11). Nat Union Radio, Nelson (Herman) (2) New Eng Pow pf (6) NewEng T&'T (8 New Jer Zinc (14) . 13 1z % New Mex & Ariz La Newmont Min ($4). Newport Co (2).... N Y Auction (13).. # N 'Y Hamburg (2%). N Y Invest (1.20) N Y Rio&Bu Alres. . Niagara Hud P(40c) Niag Hud Pw A war. Niag Hud Pw B war. Niagara Shares Md. -Niles Bement Pond, Noma El Cor (1.60).., Noranda Mines (3). 6% 5% North Am Aviation. 9% 102% 50 1% no_ L 69% Ohio Oil (12). 69 Otis Elevator new... 10% Outbd Mot A (1.80).., 27% Pac Pub Serv (1.30).. 12% ‘Pao Western Ofl..... 3 5% North Am UtilSec.. 2 98% North Ind P S p£(7). 20, s Northern P L (15) 1 Corth St Pow A (8).. 9 North St Pow pf (7). 50s N W Engineer (2) 9 Novadel Agene (2). Ohio Brass, B (16). Ohio Copper-. Okla Gas & E1 pf (7). Oflstocks,Litd A $500. - Pandem Oil. Y- 1 Pennroad Corp. Penn Ohio Pwr pf (1) Peop L&P A(a2.40) .. Petrol Corp (1%)..w % Philip Morris Inc. .., Pllot Rad T A (1.20). Pitney B P n (20¢)..; Pitts Forging Co. Plymouth Oil (2). Polymet Mfg (1) Power Securities. Power Securities pf . Pratt&Lambert (15) Premier Gold (24¢) Prince & Whitely. Prince&Whitely fs. Prudence Co pf (7). Prudential Inv. Pub Uil Hold war. Pyrene Mfg (80c) FECRTTS MARINE PRODUCTS INLARGE SUPPLY Center Market Dealers Re- ceive Ample Shipments for Week End. There probably will be no scarcity ot marine products for the Friday ‘and week and trade, dealers today reporting | fairly heavy receipts of fish and other | products of the water. Shad have not | yet. become very plentiful, dealers re- port, but North Carolina shippers .are furnishing them in quantities sufficient- ly large to meet demands at prevailing prices. Roe shad this morning were quoted at 60 cents a pound, the melt shad selling at 30. Herring, only fairly plentiful, were offered at 10 cents a pound. “Shad and herring probably will not become plentiful and cheap until they appear in the lower Potomac,” suggest- ed a dealer this morning, “and the time of their appearance is problematical. ‘Weather conditions affecting the tem- perature of the water will be the de- ciding factor.” Fish Receipts. Netters along the lower Potomac and tributaries furnished local dealers quan- titles of rockfish, the fish always being in demand. They were quoted at 35 cents a pound today. Carp, catfish, a few eels and fairly large quantities of carp also were received from netters along the Potomac, most of them from nets operated at the mouth of creeks a few miles below Alexandria. * Carp were quoted at 20 cents, small catfish at 10 cents, yellow perch at 20 and 25 cents, the few eels ‘received bringing 22 and 23 cents a pound. Spanish mackerel and trout, received from North Carolina shippers, were of- fered at 18 cents a pound, speckled trout selling as high as 30 cents. Salmon and halibut, shipped here by Boston packers, were quoted at 20 cents. Fresh cod and fillet of haddock, also from Boston, proved good sellers. The former sold at 10 and 12 and the latter at 18 and 22 cents a pound. Crabmeat continued scarce and high supplies coming from Biloxi, Miss., and fleld, Md. The lump was quoted at 90 and the white meat at 75 cents & pound. Green shrimp were plentiful at 22 cents a pound, the cooked shrimp ' | Selling at 60. Many retailers were on hand in the wholesale district this morning before the rain started, while others appeared in large numbers later and experienced uncomfortable conditions, while getting supplies for the day's trade. Trading, not exceptionally brisk, was more ac- tive than yesterddy, Wednesday usually being a quiet day In the wholesale market. Market conditions and prices of most commodities were the same as reported yesterday. Slightly increased quantities of e”: reached here yesterday and to- day, but not in quantities sufficiently llxr':etto affect prices to any material extent. Poultry receipts continue fairly heavy, according to reports of dealers, chickens continuing at prices dealers term cheap, while the slight advance in turkey prices reported yesterday continued without change. Fruit and vegetable receipts contin- ued fairly heavy, the demand being only fairly brisk. Supplies of strawberries were reported light, but receipts were ample to supply demands. Various va- rietles of berries, splendid stock, were offered at 40 and 45 cents, some slightly green, selling at 35 cents. Moderate receipts of oranges and grapefruit met a ltqhe and steady mar- ket, while pineapples, in light receipt, attracted attention of retailers and found ready sale. Alligator IS, grapes and pears, all of quality, and ap- g'lu of various sizes and varieties met irly good demands. Washington Ticker BY CLINTON COFFIN, Assoclated Press Financial Writer. Within about 90 days, considering the progress now being made by rail- road traffic departments, there will be actual rail-and-water schedules offered to shippers, which will link steam car- rier service with the inland waterways operations of the Government in trans- porting freight throughout the mid- section of the continent. Nearly a year ago, acting in accord- | ance with congressional edict, the In- terstate Commerce Commission ordered the rail lines to make up the schedules, so that the barge lines on the Missis: sippi_and its tributarles and on the Warrior River might be in shape to participate in general traffic to an from a very large portion of the country’s area. - Though the application of the schedules has been postponed several times because of the complexity of the task of constructing them, the latest postponement will expire about May, | and it is unlikely that additional delays will be entailed. As T. Q. Ashburn, major general of the Army and president of the Inland Waterways Corporation, has expressed the situation in recent speeches—and his view is orthodox with those of all ihe vast number of people who hope for _substantial development of river traffic in the United States—this rate co-operation with railroads is the first step toward the goal at which waterway interests aim. He lists the provision of terminals, the balance of freight, the regular interchange between land and water carriers and the proper division of accruing revenues as the other necessary factors which also must be adjusted. The new rates which the carriers are constructing go on the principle of mak- ing the freight charge to the shipper using the combined route equal 80 per cent of the cost of all-rail service for that part of the distance the shipment moves by barges. For the rest of the distance the regular rail charges will ngply. The joint schedules will mean the provision for shippers of freight rates, applying through the rail-and- water combination, which will be in practice slightly less than all-rail charges, though mavement on them will probably be a trifie slower than on the all-rail shipments because of inter- svhl{xe\n delay and slower movement on ater. “Whatever may be said about the economic advisability of creating navi- gable streams and of building canals. the fact remains that nearly a billion dollars has been spent by the public for such purposes, and the only way in which some practicable advantage can be reaped from such vast expendi- ture is to put these avenues of com- merce to practical use by transporting !l'tl‘hl upon them,” Gen. Ashburn says. “When it is considered that out of this vast_investment the results in the way of completely satisfactory navigable streams have been small, and the utili- zation of such projects’ as have been :::nplck:inl:welylmnflned to private contract carriers, & no; - uonsh-‘]fllses. rmal ques. i we carry through to comple- tion a project that has already cospt a billion dollars and can be completed for a quarter billion more, which, upon completion, will enable us to receive fair return on investment, or shall we strike the investment off our ledger and charge it to profit and loss?” Thus the joint rate schedules now being completed represent just one of several adjustments which the river services will require. . It is probable that their application will be followed by further demand, in and out of Con- gress, for the additional provisions needed, before volume traffic will return to the waterways. There are, however, some exceptions to this rule, as on the Monongahela River, where a tremen- dous bituminous coal tonnage is mov- ing by barge from coal mining regions down to the steel centers in the Pitts- burgh area. Since January 1 there has been a succession of small bank failures over the United States, causes for which have somewhat puzzled regulating au- thority. J. H. Pole, controiler of the currency, estimates that 122 of the banks closed have been State institu- tions and 17 national banks. “With one exception, none of the failures reported have been of large in- stitutions having as much as $1,000,000 in deposits,” the controller commented. “It does not scem that there is any gen- eral business condition which is re- sponsible for the failures. I am sorry to have to state that the showing in a considerable number of cases is that defalcation is a more important element | than distressed business. “In fact, from the showing now avail- able in banking quarters, it can be said that there is a certain definite improve- ment in general business conditions which has been noticeable for some weeks. I do not attribute the rather unusual number of bank shutdowns to business depression.” Chairman Vestal of the House pat- ents_committee is conducting a_hear- ing today on a bill of very considerable interest to a wide range of business establishments. By its terms designers of textiles, dress patterns and individ- ualized articles of several general classes would be permitted to copyright rather than patent the particular outlines and characteristics of the noveltles they have devised. Under present conditions, it appears, such designs can only be protected by patents, and the complaint is that to get a patent granted is a matter of months. Transitory tastes in fashions and styles make such protection almost valueless, many business executives con- sider, because they find the vogue for their ideas exploited and pirated within a s1x months period, before patents they apply for can be granted. Copyright, on the other hand, as ap- plied to trade marks and literary mat- ters, is rather swiftly granted, and is regarded as effectual rotection. ‘Though there are some difficulties in the way of extending copyright protec- tion to textile designs and all the other myriad of individual novelties constant- 1y being created in commerce, the back- ers of the Vestal measure believe it can be done. STEAMBOAT FIRM ELECTS OFFICERS Norfolk & “Washington Co. Has Successful Year—Di- rectors Named. At the annual meeting of the stock- holders of the Norfolk & Washington Steamboat Co., held this noon, the fol- lowing directors were elected: ‘Woodbury Blair, Edwin C. Branden- burg, Col.” Wrisley Brown, Henry N. Brawner, G. W. Forsberg, William D. Hoover, Clarence F. Norment, sr.: Clarence F. Norment, jr.. George P. s::kk!‘ Odell 8. Smith and George L. Starkey. The directors met immediately after the stockholders’ meeting and elected the following officers for the coming year: Clarence F. Norment, sr. chairman of the board; Clarence F. Norment, jr., president; Gustavus W. Forsberg, vice president; Edwin C. Brandenburg, sec- ond vice president; Odell S. Smith, sec- retary and treasurer, and J. Allen Rior- don, general manager. All the present officials’ were reap- pointed by the management as follows: W. H. Callahan, traffic manager; J. A. Maxwell, auditor; Irving S. Walker, general passenger agent; L. H. T, general claim agent; D. M. Sawyer, superintending engineer; C. H. Ray, general agent, ashington; P. M. Pritchard, general agent, Norfolk; H. N. Larcombe, agent, Alexandria. The annual financial statement showed a successful ybut the increase in In its report to the stockholders th: board of directors disclosed that during the next five years the company plans gross expenditures for improvements to the telephone system in Virginia of ap- proximately $27,175,000, with net addi- tions of $16,300,000. By the end of 1934 it is estimated there will be about 176,500 telephones in service. The company expects to add 7,400 tele- phones to the Virginia system this year, the report shows. The 1930 construction program calls for additions to outside plant of $1.- 864,000, additions and improvements to central office equipment involving expenditures of $2,543,000, telephone equipment and privates branch ex- change switchboards on the subseribers’ premises, $1,229,000, and new buildings and building additions, $418,000. On December 31 there were 138,945 telephones operated from 78 central of- fices In (he State. This was an in- crease of 8,079 telephones and 7 een- tral offices during the year, which was the largest net gain for any year in the history of the company. ‘To meet, the public's requirements for telephone service extensive improve- ments were made to the system in Vir- ginia during the year. Gross expendi- tures for plant additions, bettermenis and replacements amounted to $4,170,- 412; retirements during the year we $1.323,168, making net additions $2,- 847,244, An increasing number of employes fled themselves of the opportunity maintained by the company for the promotion of thrift. At the end of the year 2,131 employes were purchasing under the employes’ stock plan 8.673 shares of stock of the American Tele- phone & Telegraph Co. At present prices, this means a saving of about $1,- 995,000. Under the pay roll deduction life insurance plan, 279 employes arc carrying life insurance amounting to Resolutions of respect to Albert E. Barry, Iate president of the company, whose death occurred August 9, 1929, and Charles J. Bell, late director, who dled October 1, were dncluded in the report. WL LA B A Freight Traffic Drops. BALTIMORE, February 13 (Special) —dJanuary freight traffic on the Balti- more & Ohlo so far indicated in the carloading reports is running be- low last year. The first two weeks ot the month brought total loads orig- inating on the lines of 66,374 cars, compared with 72,163 in 1929. Loads recelved from connections were 36,317, against 37,195. Coal traffic accounted a third of the volume orig- inating on the lines, amounting to 22,- 951 cars in 1930 and 24,586 in the two weeks of January last year. Western Maryland was the only im- in the Allegheny dis- trict to show a gain in coal loadings, that instance was small. ' Mortgige V) sured, def- inite way of build- ing up a permanent income to augment your own earning capacity. First Mortgage ' CHICAGO DAIRY MARKET. Driver Harris(new). ad CHICAGO, February 13 (#)—Butter| ,13% 8% Dubiller Cond&R: 200 145 Duke Power (15) firm; receipts, 14,867 tubs; creamery 7 Republic Steel n wi.; : standards, - 36 7 4% Durant Motors. 15 1o 36 Arace 33 to 3414 seps| 19% 13 Duval TexSulwi.; 7 Brpoi et ae, 3110 32. Eges weak: receipts,| 34 25% EastGas&F Asio.. 8 Reynolds Met n 2.40+ 18.676 cases; extra firsts, 37%5: graded| 28% 18% EastStatesPoB(1). 107 % Rich Radia cum pf. ., firsts, 36% to 37; ordinary firsts, 33| 14% 7% EasternUtillnvA.. 17 Readattalops i to 35, i ) 187" 10 BELhERSRIS W) 19 Rocklans Lt&P (92c), g 102% 80% Kl Bond & Sh (b6). ..1140 R OSIEROy oe Ao st 105% 103% El Bond & Sh pf ( Rolls Roy Ltd rets. ., 34% 24% Elec Pow Asso (1). Russek's Fifth Ave 32% 22% Elec Pw AssoA (1) Ryan Consolidated. . 101% 9913 ElP&L 2d pf A (7) 8t Anthony Gold. .. . 40% 28% E1P &L opt war. St Taw P Mills pf(6). 8 DOMESTIC BONDE. 25% 15% Elec Sharehldg (31). St Rogts Paper (1), . L High. Low. Noon. | 99% 82 ElSharehold pf (6) PEERL)Y-o medium, - 28a30; brollers, 30a3: s, 67 3 | 55" 40 Empire Pwr Corp(2) St Regis Pap pf(7).. Leghorns, 28; fowls, 25; roasters, 2 G %35 %7 1022 10238 102 | 25 22% Employ Reinsur 1% Stfeway S war (2). ducks, 15220, ' Dressed—Turkeys, young, £ 208 106 Y % Engineers Gold. .. ... 1 old, 32a33; Spring chickens, 35a R 21 19% Emp Pub Sv A(1.80). broilers, 35a36; Leghorns, 32; fowls, 96% 18 Kng PSOpt War....: 28; capons, 35a40; roosters, 22a23; 103% | 20 18% Europan Elec (The). ducks, 28a30; keats, . s 2.1 5% 3% Evans Wallow Lead. Meats, fresh killed — Beef, 23a25 3 = iansiesmisoh lamb, 23a25; veal, 28; pork loins, 2 | FREA orid cmioed fresh hams, 25; fresh shoulders, 20% 27% 25% Fl‘lfi:;otsoA (1, smoked hams, 25a27; smoked shoulders, 100% 100 Florida P&Lt pf (7). ‘Zg;méaflfil-x?‘?: lard, in bulk, 12%; Pl i 2 Live stock—Caives, 16; lambs, 13. econ 4 Fruit and Vegetable Review. Singer Mfg Co (126) 600 ' 500 ‘The daily market report on fruits and 6% Sisto Fin Corp...... vegetables (compiled by the Market Sloux C G & El pf(7) Service Bureau of Agricultural Sonora Products.... Economics) says: So Am Gold & Plat. Apples—Supplies moderate; demand South Penn Oil (2).. light, market dull. Barrels: Virginia, SEP &L pt (7) U. 8, No. 1, 2% inches up, Yorks, 5.008 S'éast P&L pr pf(5).. 6.50. Boxes: Washington, extra fancy, Southern Corp.....q medium to large sizes, Delicious, 4.00a Southland Roy (1). . 4.25; extra fancy, medium to large sizes, 8WGasUtlL..... . Staymans, 3.00a3.25; some large _sizes, Spanish & Gen Reg. . 275. Bushel baskets: Virginia, U. Stand O11, Ind (2%4). ] No. 1, 2% -inches up, Yorks, 1.50a1.7 Stand Oil, Kan (2)... 20 U. 8, No. 1, 21, inches up, Staymans, S:::: ey 5{&"‘:',2;' 2"’ a’fi:}:x o "‘")fi"d' 2% inches up, 1. In the center of the city’s activities. , us, 1. .00. . 8t Ofl of Ohio (2% ). 2508 Cabbage—Supplies light; demand 2. Ove-half block from Capi Garage. All-day parking at low St Ofl of Ohio pf (7).1008 moderate, market firm. New stock: rates, Stand Pwr & Lt 43 Do S 50500, O Stoehe ek otk S Rbo b o a ype, 2.8523.00. Old Stock: New York, Roon ily i - BRI e TRt Locadon. ol Seock: New Yotk "nietl Rooms so placed that they ean easily be grouped in con Starrett Corp. ... 1 around 3.00, few low as 2.90. igh-speed elevators. All. Starrett Corp pf (3) Celery—Supplies liberal; demand light, & Litht o 1 # Stein Cosmetics Inc., market steady; Florida, 10-inch crates, - w8ht, airy rooms; large window spaces. Stromberg-Carl (1) 3-4 dozen, 3.00a3.25, few 3.50; 6-8 7. Running ice water on all floors, e dosen, 2502275, few' 3.00; some falr 8. ;“ileln, uniform heat. Superhestr (1% quality, all sizes, 3.50. 9. Magnesite floors. £ Lettuce—Supplies moderate; demand 10. ilities i Bwift Intern'l (2% light, market, ps'l’mmy ‘weaker; Califor- 0. Basking fdcilitids in'building. crates, Iceberg type, 4-5 dozen, 4.0004.25, few 4.50; fair quality, 3.50; 6 dozen and 75s, 2.00a2.50. Onions—Supplies moderate: demand light, market steady: New York and io, 100-pound sacks, vellows, U. 0. 1, medium to large size, 2.25a2.50, . Ray Con pf (3). RainbowLumProd B, Rel'nce Managemnt.. Vegetables from Mexico, Cuba, Cali- fornia, Texas, Florida, Arizona and nearby were offered the retail trade. Increased receipts and lower prices re« sulted in increased sales of spinach. Prices ranged from 50 cents to $1.40 & bushel. & 2 e eRET s n o nnn L Notes We Solicit the Rental Management of Your Property Whether Apartment, Residence or Business Prompt Collections Safe 6 1/2% Prompt RENTS REMITTED Joom THE DAY RECEIVED [SHANNON & EUCHS) Our Rental Department is Most Complete and e AN Efficient. 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 TR Rt Today's Wholesale Prices. Jobbers' Pwices Slightly Higher, Butter—One-pound prints, 39a40%; tub, 371,838 ; store packed, 25a30. Eggs—Hennery, 43a45; current re- ceipts, 42a43. Poult, live—Turkeys, young, 33a35; jpring_chickens, large, 28a S >§>b> $8EEE H 8K o8rmBo i . Son ALEX. BROWN «* SONS 99000w! 88 Sa? 16% Fore D Pr pf (1.60). . Fourth Nat Inv. T wEanSeannraa nRone an g T “4 Business Address to Be Proud of” New Second National Bank Building 1331 G St. N.W. (Uptown Office) i There Are TEN EXCELLENT REASONS Why You Should Seleet Offices in Our New Building Foo0MY, S888P3 ,g;lglg .fz;§r~ ; Gen Empire Corp. 13 GenGas& El (A 9% Gen Rity & Utiliti 98% Ga, Power pf (6). 89 Gileert (AC) (3% 16% Gilbert (AC) (1)... 29 21 Glean Com Harn(1). 121% 113% Glen Alden Coal (19 16% 11% Globe Underwriter % % Gold Coin. . 7 3 Golden Center. . 41% 35 Goldman Sachs (b6). % 4% 3% Gold Seal Elf.....o 9015 90| 38 37 Gorham Mfg vte(2).. 1035 108 3% 1% Goth Knitback Mach 9072 19012 | 122 115% Gr A &P Tea pt (7). e 17% 12 Greenfleld Tap&Die. 90 90 Greif & Brpf X (7).. 14% 12% Groc Stors Prod vte.. 144 133 Gulf Oflof Pa (1%). 22 18% Hazeltine Corp (1) 32% 12 Hecla Mining (1). 6% 5 Helena Rubenstein. . 5% 5 Hollinger Gold (6 3 3 Homaokla Ofl. 44% 41% Horn & Hard (2 . 14 8% HudsonBay M&S. £1% 78 Humble Oil (z).?. 86 8b% » 3 £ -!;;,., e, 922 s e L Y, 02 » =Y BEatE 88 wenvrussumion Underwriters « Distributors INVESTMENT SECURITIES g ae SIS P11 o Wasaineron Orrics 737 15th Street N. W, Telephone, National 1053 = Modest Rentals Commensurate With Efficient Service Apply to Superintendent on Premises or Phone National 3934 Marx Orvics - Barvimons HEEIE RRESS FIERE RREEE s2gmszisanseen ~RunankromReen B228I2I3388228