Evening Star Newspaper, February 15, 1930, Page 23

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., SATURDAY, FEBRUARY 15, 1938 . FINANCIAL. ® B-9, Received by Privatc Wire Direct to The Star Office. \ITAL CHANGE SEEN [ NEW YORK STOCK EXCHANGE | BONDS ARE STRONG, Com some BONDS o ] TREND N BUSINESS ~Prev. 1930.~ Stock and i 58Y 58% Sales. High. Low. Close. |Tenn Cop 6sB 4 A Dividend Rate. Add 00. Aish. Low. Close Cimae. | 9 Stand Ol Exppf (). 2 8% 98% 98% Lib1st4%s.. 15 10031 10027 10027 | Tex Corp ov b 67 101% 101% 101% . 24 56N B6% ey bbk Stand O1I N J (13).. 251 50% 617 Lib4th4%... 641014 1011 1011 |TranscontiOfl6%s. 2 99% 99% 99% . i i 2 46% 461 46 Y Stand OIIN Y (1.60). 4 32 324 i 3% 98 Thomson Tells Young Finan- | 48 4 KT ameakess 190 190" Sarrait (L 8) Co2) 38% 5w | Favorable Price on Treasury FOREIGN. 5 il Gains Unevenly Apportioned, 144 130 316 143% 1431 . 15% 3 es. Bigh. Low. Close. | 100% 100% i ciers Success Today De- Y & a0 90" se Issue Is Bullish Factor Argenting a7a 89, "7 961 90 90%| Gian Faw ot ‘90 According to Weekly 3 ‘ , Argentine 96% 96% 96% | Utilities Pow. % 874 13% N Y Ont & West. 15% 154 Stone & Webster (3). i pends Upon Hard Work. 10214 100 N Y Steam pf (6) 100% To0s 101 Studebaker Co (5) ; i of Day. fri by o o o . I, Trade Reviews. 112 111% N Y Steam 1stpf (7) 10s 111 111 111 110 N Submarine Boat 96% 951 101% 101% 33% 16% Norfolk Southern... 12 32% 30% 30% 83 Sun OIL (§1).... 871 100% 100% Epecial Dispatch to The Star. 108 03, North Am(b10%aik} 65 107 106% 106 107w | Superior o1l 6 » BY F. H. RICHARDSON, 83" "gn | Woeth DRICHSH - 1o 1007 | Sveeiki Disvated Yo The B 2 1024 100% North Am EA pf (6). 3 101% 101 101y Superior Steel 4 3 d % e Eagle . N B e Bk L 00k et DY) e e L kol | e el b e " 10% | Special Dispateh to The Star. 104% 105 | wi1aon & Co 18t 6s.. 1094 100% | NEW YORK, February 15—Trede e o ey e iR | (T o7 o Wall BuppE (T 87¢ 87 Tenn Cop & Ch (1) NEW YORK, February 15.—A strong | Bank of Chile 6% 94 | WinReveat Ar1le 1 LG ot o bbb el il ©f progress by hard work, sacrifice, per- | S0, [7. Oliver Farm Equip.. 6 5 2 i 4 Bank of Chile 6%s. 95 | Youngstn S & T 5 101 101 |toward improvement during the past 2 and active bond market today was di- 103% 102% 103% Serverance and diligent study, Eliot H.| 425 314 Olivr Fr Eqev pt(3 5 " 4 3 . 6 RAILROAD. week, but the gains are unevenly appor- . 8). 1 rectly traceable to the influence of the 107% 107% 107% . Thomson, Washington banker, told a| 71 63 Orpheum Cir pf (8). 1008 T $ e h | et o H B0 e it GRS ‘Tren 110% 11014 1100 | Asn Asher s 78 g |tioned, according to the weekly reviews. Tecord gathering of Norfolk-Portsmouth | 321 280 Otls Elevator (6) Py ' : . e Somtberye B 108% 107% 107% | Atchison adj 4 R. G. Dun & Co. in their review say, 5 5 3 “ % 23% | ury secured for its $50,000,000 of 90-day 6 o of the American Institute-of |, g0 524 Owens 111 Glans e : bills. This is .075 per cent lower than i et it 33 1 e ) Banking here last night. In speaking 52% PacifloGas& E (2).. 15 61% #6% ThompsonJ R (3.60) 2 % 3 x b “A gradual betterment, slowly widen- on “Paying the Price of Progess,” the) saw oo bacine Lichtins (0. 10 oo 3 Thompson Prod..... 3 the price of last December's bills, which KT e e e ol deied (T in'rlcupe. marks the prm:fi trend, Washington _financier declared that| 1y 1 Pacific Oil stubs.... 6 1% 114 bl Sl 50| BaltozOnto gold 4s. 9% 1% | and this is more to be desired than & banking methods have almost entirely | 170 150 Pacific Tel & T (7). 308 168% 1681 168% 167 : Co R § odny e il were all taken by the 10348 108% T % 98% 99 o ~ changed since the war, placing bankers | 177 15% Packard Motor (1).. 152 16% 16% 1614 Timken Roller (3) Y % | Marine Midland group of banks. This e e 101% 102 |swift advance whose duration might be face to face with & fiow situation in s R T BH BT Lo By s 5~ 5 5| was construed as another bullish factor 6% 16 101% 102 |shortened by its rapidity. Adjustments order to keep up with the times, Mr. 48% Paramount-F-L (4). 45 65 641 6415 for the market and is notable as the T, 6% 103% 103% | In production and in prices are still to Thomson added: o ParkOten, 6 g% gy 1 Transcontinental Ol first instance where a large Eastern 8¢ ° 84 B&Orfimp 109 109 |be completed, but the process is causing Sy 11% Feimelovtranstik,. 20 16% Y- Transue & W (1)..., bank chain figured in Treasury bills 96% 96% o B&OSW bs 102 102 |less unsettlement than had been appre- hat Hard Work Will Do. 23, Pathe Exchang R 4 Truax Traer (1.60).. 7 * | bidding on such a large scale. Of last 100% 100% 100% 86% | hended in some quarters. The stronger “T don't believe that we, comfortably 5 Pathe Exchange A.. 7Y% y TwinCity RpT (4),, 2 2015 29 December’s bills, totaling $100,000,000, 108% 109% tone of the stock market, well sustained seated here, would care to exchange 28% Patino Mines (3.89) Twin City RT pf(7). 20a i 3 the firm of Salomon Bros. & Hutaler |C g in recent weeks, has contributed to the places with Comdr. Byrd for all his 614 Peerless Motor Car 3 Und-Ell-Fisher (5).. secured $69,700,000. The Marine Mid- e more cheerful feeling in commercial cir- lame—except perhaps to escape my 264 Penick & Ford (1). % % 76 Union Carbide (2.60 X land group controls & number of banks 100% 1008 cles, while the passing of the monetary speech. He is paying the price and is 63% Penney (JC) (2%). 4 % Union Oil of Cal (32) % 42 in New York State. The company's tension is regarded as being constructive entitled to the giory. Back in the 1800's % Penn Coal & Coke. ... s | 871 Union Pacific (10). ., 2814 2 317 | lnst_statement showed cash eserts as in its bearing on the future of trade. & young man ran for the Illinois 72 Pennsylvania RR(4) 3 3 Union Tank Car. 1 4 g 3 85 $48,318,522, ‘“‘Some of the statistical measurements, Legislature and was swamped. He went 38% Phelps Dodge (3)... 7 ¥ Utd Alrcraft& Trans It was nof expected, of course, that 100% 1001 , 2ithough comparing unfavorably with into business and spent 17 years paying 501 Phila Co 6% pf (3) 36 Utd Biscult (1.60). 5 the Government would have to pay the 104 1143, | those of @ year ago, are giving plainer up the debts of a worthiess partner. 11% Phila & Read C& 1. Utd Carbon (2). 4| same rate as in December, since the | Srecho 38 1381« 114% 114% | signs of an"upturn from the low point Became engaged to a beautiful young 81 Philip Morris (1) 2 Utd Clgar Stores, % 7 |Federal Reserve rediscount rate has|C2°cho 881952 83w g4y | Of December, with steel output leading. woman and she died. Afterward he| 35 301 Phillips Petrm (n2). | E Utd Corporation been dropped since then from 414 to Danish Munic8sA. 101% 101': A further rise in that branch of manu- ran for Congress and was badly de- 2134 Plerce-Arrow A 1 : ‘v 46% Utd Corp pt (3). 2 "| 4 per cent but the announcement of | Danish Munic8sB. 2 109 108% 109 | Gent of Ga e G 68 99 g9y, | facture this week means that demands feated. Tried to get into the U. S. 4 1 PlerceOll.... Utd Dyewood. " | the low price brought much buying in 91% 91% 91% | Cent Pac 18t b8 90, 102% 1023, | 2nd specifications have continued to in- Jand Omce and failed. Defeated for| 3 2w Plercs Petroieur ... United Elec Coal the prime group and there were Sad. 104% 104% 104% | Chos & O Corpn b, 100 100" | croase, tor ‘mills are” gauging thelr . 8. 'nate, he was nomina or 34 Pillsbury Flour (2). 3 nited Fruit (4) val 0 schedules by the actual cal rom con- Vice President and once more met de- 45 Pirelli Co A (2.88). & aiam e ing Trewuury tmiss 1oz 1ot ot . 0% 91" |sumers. In that field, however, as in 96% 9614 96% . Ggu 6:*. other industries, condittons vary appre- 61 67 - - ‘Bush Term con bs.. 99 |CanNat4iy 91t | Can Nat 434857, 97 | Can Nat4%:s'68. 100 |Canada Nat1 s 110% 110 110 |Can Nor 634 110% 110% 110% | Can Nor 7s. P: voeee 1091 109% 109% 8:2 P::l::be:;l ey - PI P AN P P P =T 1T Y NN ANA ANS NN AR AR ANANAIND RO IDAON AT BRR T - “ 3 h Atchison general 4s, Dutch East I 2. . feat. One fallure after another—bad 68% Pittsburgh Coal. 4 4 5s, cnnndi‘:n p.cu;c fif“fif&",‘,é::“@:‘:f Finland s 63 45... failures—great. setbacks. But, Vir- 15% Pitts Terminal Coal. Utd Paperboard..... 9 2 tral 4s, St. Louis-San Francisco “A” 4s, [ Mnland 78........ 99% 99% ciably, buying not being evenly appor~ fans though we are, we'll agree that 20% Pittston Cpmpany. 3 Unit Piece Dye W (2) 277 ¥ 2T | Inland Steel 4155, Duquesne Light 41s, | Framerican T%s struggles and his perseverance made 17% Pittsbgh Screw 1.40 U 8 Distributing.... 2 Utah Power & Light 5s and General Abraham Lincoln one of the greatest 27% Poor & Co (B) (2)... K 27y U8 & Foreign Secur. 4 25% | Motors acceptance s, Convertible men in the history of mankind. He 59% P Rican Am To (A)7 8 Freignt 3), " " |bonds were higher. paid the price of progress. 12 P Rican Am To (B).. 8% 2215 223 Hoftman (2) 2 The rest of the domestic list did little, Bt Al “ 3 97 ;«u(m Tel & C pf(7). 7 mgn. 100% Ind Anlcohol TN 1 % | prices remaining virtually unchanged. Costly. 4815 Prairi 48'% 481 eather. B 8 { “Progress has pushed the banks out 58 Prairie Pipe L (15). 58 Ba% Leather A. . , ;fr'}i:: in Rock l':l‘:lv:ys? gammnged of the staid and dignified position of % Pressed Steel Car. ... 14% 14 Pipe & Fdry (2). E 2 | nouncement, that th il the past into the limelight of publicity. 52% Proc & Gamble (2). 661 66% Pipe 18t pf (1.30) soon float a $25,000,000 mate of con. Not competition so much as co-opera- &% Prod & Refiners W 6% 6% Realty (8)..10vs % 667 vertlHls: (Bt R e & fuller compreh~nsion of eir 8115 Public Serv, NJ 3.40. % 93% 9 melt Ret p . 2 4 " Tesponsibility to the Tublic came the | 93 021 FubSve K vt (5) 1 (24 e o 1ag yssteel (). .. 6 5 Belgian and South Americen descrip- publication of repor's of conditions 1% 121 TubSve NI pt (7). 251 1251 teel pf ( . Which inspired the confidence of the| 155% 143 PubSve NJ pf (8). 152 152 4 Univ Pipe & Ra 9/kig % ,n?fle%‘ofilj‘;f"t AN et sule public. - Along came the war and the | 108 107 Pub Sve E&G pf(6) 108% 108% Utll Pwr&Lt A 56 Were 1 DOlGE R sros Jectrio berty bond issues that cost the banks | 9% 821 Puliman Corp (4) 8 84 % 49% Vanadium (14) 0. e patnag s apstier and' Thermoid time “and monev and sweat. 224 2214 Van Raalte. . “The Coming week municipalities seek Christmas clubs played their part toi 113% 1121 Pure Oil pf (8 % 113 113 y Vick Chemical (2%). 88% | a total of $31.364.897 In new fnanein the vast advantage of the community | 87% 77 Purity Bakerl 88% 874 874 Virginia-Car Chem. . % 6 5 apatiat S TIONTD i ety but at & cost to the banks that is stiil | 45% 34% RadioCorp... % 41% 41% " Virginia-Car 6% pf.. 1 29 29" 29% | this Jast amount. however. 818,660,008 a matter of argument whether they| 73% 68 Radio pfB (5)...... 0% 708 Vulcan Detinning. .. 11708132 State of Arkansas bonds failed to. at derive and cirect profit. New bank| 31% 19 Radlo-Kelth-Orph A. 30 Vulcan Detin A..... 340s 124% tract the necessary bid of par. - The buildings and remodeled old ones are, 43 33 Raybestos Man 2.60. 3 1 4 Waldort Systm (13%) Lincoln Park district commissioners of mnstr‘tuons,m.olth;‘prloe b-nk.sdmm A l;e-]flgltkl(-‘l)vhfh 50 4 5 worth Co (2) 2 | Chicago anncunce that despite dim- |N' y for progress. Newspaper adver- % Real Si ceeieien 2 % 1 . 1944.... Beihg piags o SERL Tt 10 S progtem | (92 58 Hea1 KK Hoxpt 1)) : 6% Ward Baking B, 1aes 8 PP W Tate, “tey Vi | Norway 6% 1863 e e ::: ;“fi"'n;'eg'"'.‘ LT R R T R Ward Baking pf (7)., 4 proceed with plans to sell’ $10,000,000 | Ortent dev 63 58 in greater service to a greater clientele | 79% 72t Repub Ir & Steel (4). 9 5 WarBres P It (e, s Tilis n i i T and dividends keep increasing, too. | 114 107 RepIr&Stipf(T)... 2 111% 6% Warner-Quinlan (2), 12 from 4.10 to 5 per cent i “So I say to the bankers—senior and | 7% 4 ReynoldsSpring.... 1 6% , Warren Bros (19) 1151 . E Junior—we need not envy others’ suc-| 55% 49% RevnolfsTobB (3). 59 54% b " s a0 ] i cess. The banks and the bankers who Rhine W EI P (2.16). 2 42% b Washington $: forge ahead are paying the price. Hard 44 234 . york s the gold standard of success. y ; e ; % SALES. jolting oneself out of a rut disagree- o b ol Y/ able but it makes smoother going after- | 54% 51} Royal Dutch (a3.20). 7 61% 651 _ 6514 West Penn El A (7). 3 3 S:S?'»:i %".227,‘2. ot e ward. Many of us get into ruts and| 122% 111% Safeway Stores(es). 7 107% 107 107% West Penn El pf (6). 9%, Washington Gas 55—8$500 at 101 Qu Ways, new methods, But this| 99% 96 Safeway pt (6)..... 2808 % 984 98% w American Security & Trust Co.—2 at |Qu is 1930, and as Thomas R. Preston,| 5714 48% StJoseph Lead (13). 3 54% 54% 4 425. E L. Rhine Wst EP recent president of the A. B. A, said at | 1143 107% St L-San Fran (8)... 1 Chevy Chase Dairy pfd.—5 at 108. Rio de Janeiro ¢ & convention, ‘Banking has changed so| 13% . 4% Schulte Retall Str. 10 s " 1 Merdimu' T mP &'_sw. % much since the great war that most| 121 9% Seaboard Alr Line, ¥ —10 at 101”1‘3 t 10! R e Rome 6%s. of us have had to learn the business| 11% 9% Seagrave (e1.20).... d Saheny Thinte &% X 100% 82% Sears Rosbuck (32% 4 % “"w,z ansfer & Storage pfd.— Pl e DG B TR 9 0 Mergenthaler Linotype—3 at 108%. 77 Servel Inc. . : Westvaco Chlor (2).. " 55 National Mtge. & Inv. pfd.—100 at 4%. 32% 22w Sharon Steel H (2).. 3 White Eagle Ol (2)., 2 P?gl:: 1‘3’4“ s el il | S5 1% Shell Daton (140> " ; Wi ek ey Real Estate Mtge. & Guar. ptd—40 at - . Vhite Ro o » . Epecial Dispateh to The Star. 104% 101% Shell Un Of1 pf (6%) H Wileaerion b oy 7, 40 at 7. BALTIMORE, Md., February 15.—| 14% 8% Shubert Theatres... 1 Willys-Over (1.20) AFTER CALL. Toklo 5%85 1961 Poultry, alive—Turkeys, pound, 32a37; i b ’ Woolworth (2.40). " o » 4 Georgetown Gas 558500 at 101, $500 . old Toms, 22a26; Spring chickens, 28a 5% 23% Sinclair Con Oil (2) 3 H Tellow Treck 2 o Sroruey Ty . 67 |tioned. With so many existing irregu- s 157 97 | larities, conflicting reports are common, 1210 128 b 1 5 105 |but underneath the surface contrasts ChiGt West 4 . 66~ 85% | there is a tendency in the right direc- 89 894 891 [CMA&StPGen8s.. 841 84%| tion More stability in commodity prices 107% 107% 107% | Chl MiISP&Pac5s76 92~ 92% | would be helpful, yet depression in two 102% 102% 102% | CMSP&Pac adj6s03 7% 74 |of the great staples—wheat and cot- g;v. ;gu gg‘/- Chi & NW gen 4 88 88 |ton—has been modified. 99 98% 99 . bR Decrease in Building Permits. 96% 95% 100% 100% | “Most of the statistical barometers 108% 103 96 961, | Which measure the rise or fall of busi- 78% 178 94 94.,Im oog:l‘n‘ue' to show decur_kr-h (lim'n 76 74% 74%|Chi T H. bi 97% 9T'h 7 e a T Sio. The lote 9 95% 954 |Chi Un Sta 6. 1031 10313 ;‘;‘mu;"‘:!“;‘g'n;'fla‘“ih‘:flgrm‘zpfl 103 103% 109% | S& W 1 con da. . cities, sharp Teduction in the vaue of 10316 103% 103% | Clev Term b8, 1085 103 O oo o ALUALY, 13;,‘ 107, | sions 1s still marked and railroad freight 8115 8114 | traffic s at the lowest level for several 80 8g |Years. The latter record, however, is 97 97 |Dot without indications of betterment, for the margin of decrease during the 92 9214 | latest reported week was narrower and 103% 103'% | aggregate car loadings were the largest an 22 - aSelanane ST o nwunnrnLn o 2= Poa o 85 85 1044 104% 104% | Cuba RR 7% 9% 9T 9T 101 101 101 Del & Hud1st rt 4 103% 103% 100% 100% | for the present year. §8§u }gg‘; & 93 93%| “An exception to the tendency of o Kooy gow | DTG & Wat ba 55" 45 9 98 | most trade indices appears in the Siate- 88% unfilled steel tonnage, which Erte 15t cons 48.... 30 84 8% 3 103% 103% 103% | Erte Gen 5 [iade its Sfth consecutive monthly gain in January, 106 106 106 | Erie cv 68 67. 54 Without 101% 101% 101% | Erfe conv £x y hou! dhrfirndnr\g“m unsettle- ment through which 76% 76 68% markets have been L ing, i_kE_ h 1 e ;g',: Fla East C 00! xchange . 14 | Gr Trunk st db 104% 104% 104% | accumula indications of a trend to- g T %! GUNor 4Us E 954 95 O | ward the better. Definite improvement 941, 943 | Gt Nor gen 7s 110% 110% 110% | has elé)pelmi in some lines and is re- 96 96 96 |garded as being close at hand in other 84 @4 |Quarters, and sentiment among mer- % 77% | chants is s 3 growing beliet 95% . 96 | that prices for textile raw.materials have reached the low points is helpful, 88% .88% | and it is thought that greater stability 98% 983 | would do much to promote the trade re- 103 108 | covery.” 6614 67 bl B Weather Conditions Improve. 90% 90% grmtnen State of Trade says, in 89 89 H part: 4% T4 “Mild weather throughout the South 96 and Southwest and in much of the ron s SRR, 0 s e , which aj 108y 108 108y | Kan City Term 4 89 89 |to be only slightly below the level of o 105w ‘284 | Kansas City S6s... 99% 99% a year ago, Women's clotning sou 104% 104% 1041 | Leh! Valends..... 87 87 m:whlt l;lonhhnly. whereas men's . 22% Yellow Truck & C. L 968 961 96 | [ehITRCT A Bt 20 107% 107 107 | D aome _areas egilunuedmr?m!.%.: 33; legharns, 1935 old roosters, 17a18; | ' 3z 29% Skeliy Ol (3)..::..0 3 , | ton Young Hortag (8) 3% 22, 22 | Potomac Electric 6% pfd.—16 at 111. 107 107 bRl 100 108k | ‘sales’ of Winter lines, whils tr-atbee 35026;" leghorns, 17824; guinen. fowis,| 1900 ook SioonSheMeld e (7) . | 134 Young Sheet & T (8)." 134% 1347 Bid and Asked Prices. 3 Tow e 7o |LongIéredsidll S | A i T on dpley each. 45a10; pigeons, pair, 25030, " 1 "l 34t 56 bor Aleo Sug (). 251 250 11% 5% Zenith Radio........ ™ o BONDS. 3 964 96 S L 1000 1000 ] " wholessls business” displayed leas Eggs—Receipts, cases; 64% 564 Sonthern Cal Ed (2). 634 634 : ) firsts, dozen, 42a43; pullets, 35; hennery| 71 33 Southern Dairies B. . Th % 1% 1 = PUBLIC UTILITY. MISCELLANEOUS. Man Ry 1st 4 sow S| BEHa, Umpeovement, it thate was & ‘White firsts, 43%; culls and dirty eggs, 119% Southern Pacifie (6) 124 124 Uy 11 R ¢ el. & Telga. 448 '3 h ARked. | DI PaaPSs'Es. T 88 82 o1 .| earlier in the year, the slowly mnfi 25a30. 136 131% 131% % 1 1 1% or, Tel, & Tel 413s 30 180 {| AbramaStraus6%s 1 99 99 99% 99%|level of employment and the parti Bum “lladdl mn:’yl (Sreamery, 108% 108% o ol B %o % A A 03 | Ane 1094 108 108 < | MRS SEEREY g;;: S5es | recovery of prices for cotton and poun - es, H % % 13% 13% i 3 g 4 MSt cn 4 cereals from the low points touche 20a21; , 25a28; process, Dividend rates as given in tne above table are the annual cash ¥ A T T 100 2 Jeiy ‘encouraging C. & P. Tel. of Va. b 1 A 100! 84 the preceding week being encouragin, payments based an the latest quarterly or hait vearly declarations. | i 'a! ghiaction X. R.Bil o i Lot - % it H ( y & Suburban 105 factors. In this connection, it seems Vegetable Prices. 5 o 8Unit of trading less than 100 shares. 1 Partly extra. 3 Plus pGeo.getown Gas 1st ' | possible that the late date of Easter, 4% In stock. § Payable in scrip. §Plus 9% in stock., s Paid last | Potomac Electric cons, 100% : 9 1 100 | which has been complained of as tend- Potatoes, white, 100-pound sacks,| 29% 26 Stand Brands (13%). 2 Potomac Electric 8s 108 AmChem 6348 ov 49 26% 23503.00; sweet, potatoes. barrel, 1756 | 1245 1o0n Seang ore ey i 23, "":“.'.'n'" - xf. o, Soetrae1n, sock. 4 Fasable when earned. | n. g‘;fib&“{n"emn cid. Am Int Cor 6% 49 o 'g:y“;”;“,g“g Rirsg by ~ewiiets, 2.78; ;mhrn{ 1.71582.50; 65% 64 StandG&EDEL(4).. 5 I Elis S5 in stock a Plus b 1o Mosieo¥ e Eius, 3% 1n stock, hington Gas 85..- e 5 t F1 99 |in that wage earners will have more 1.00; carrots, 100, 3.00a4 ulifiower. ok b v oMo ot stockholde Wash: Gas & Jeries & b Am T&T ov 4% 89 544 6 | time to recover financially from the crate, 12501,75; celery: crate, 20083 35. | Wash: Twy. & Elec ‘i 5 59 11% | low ebb of Midwinter, and thus be able ; kale, barrel, ; kale, | | lettu te, '2.00a2.75 1 CHICAGO STOCK MARKET. 80 Potter Co ... MISCELLANEOUS. : to buy more freely of Spring clothing. uu?.‘w; onions, 100 pounds, 1.5081.75; DECLARES DIVIDEN DS By the Associated Press. ,g§ g";“{, E}%{,‘;,g B Barber & Ross, Inc.. 812s...... ‘The lighter industries present an b 30 Quaker Oats pfd { Al Bas00; parenipe. - packer doas0; CHANGE VERY LITTLE |, ScACO, Februscy 15—rPollowing ket Ol o1 gham-Yanbit Hota] $iza!. irregular picture. Stk and Tayon §PoyY Shase Clup Stgs.. ... L Wi Wk A pé;;fi\fl nre‘dfllrll’ active, wmlet "l}-nemz }:5 el, 50a1.25; squash, bushel, is the complete official list of transac- 0 Rath Packing Pot._ Joint Stock L4, Bl 9 2 still considerable curtailment e PR 0 e A ek g Honnbape ¥ T4, AT o cotton goods factories, the outlook hav- C . Wash' Cons. Title 8s. 34 v ing been confused by the break and Surnips, Bamper, 25436; apples, pustel, | _ J 2 :""l"‘h“‘“ toaky: Hish. Low. Olose, | 330 BICE Steel. Case : rafly e . Cranberrles, box. 5.00a550; | Birms Fix Rates Which Can Be|®4st, . g W Lo COlpge: | 2580 West STOCKS. Bell Tel Pa 58 C. 105% | NY Ry 63.A 65 .ppe.:n womewias 1 n"fme‘l‘:'nm‘.r‘i'“m“ t, box, 2.50a4.50; oranges, box, g % . 380 Addressograply Taiei. 320 303 32 ! Maintained in Bad Times, o AmEuoeth 8l I Author Asserts. Al :‘.{.:""_c i - Bethlehm St pm 55 b LN 1 been & little more doing in that line. Capital Traction &0 Beth Steel rf 1043 | NY Sus&Wn 68 37.. 5 | Shoe manufacturers in the Middle West 00 Am Com Pow A. 2 00 wnr Ml .2 GRAIN MARKET. 2 An Seic .o Mg B R T oL - 33 A 80 8 Tl il Coi hinston: Gas £l % 13 |Bkiyn Edison b S8 LLE . seem more disposed to increase plant oc Tel & GO, Pebruary 15 (Special).— | Special Dispatch to The Bta: 0 2 soc, T 35, % 250 Unit Gos =gl§mlé ltlselm: Bush Term Bldg operations than do those in the East. CHICA( The wheat market was lower again to-| NEW YORK, February 15.—Banks Socintes 1 55 300 88 Elec, 815" t Leather markets have been rather dull. 3 . 2o Furniture manufacturing has not been day owing to liquidation infl d by Atiss 2330 3317 33 %0 Utah Radia” uidation luence and insurance companies, whose obli- by P % h g the weakness in Liverpool. Around 1.20 | gations are in terms of dollars and | 330 Banco Kehtucky 01 2 Yl 10 e R PR 1631, Me | Whose primary interest 4s o provide | a4 B Ak A § 1.20%; July, 1.21%. dollar safety, may logically conucen-| 1300 Botg-warner fvas lower with wheat. March, | trate their investing on bonds, but the | 50 Brisht Star Elec'A:. A ‘ . g g ght Star Elec B .7gl'uM"le"99?:‘w«wwgtotZibtg::y'grifi: individual investor should seek some | 300 Bruce (E L) Co March, 443 May, 45%; July, 455, |form of security which will insure ac- Provisions were weak with hogs. cumulating purchasing power and not - merely the saving of so many dollars. NEW YORK COTTON. This opinion is expressed by Kenneth Van_Strum, author and president of NEW YORK, February 15 (Special). |the Van Strum PFinancial Service. | $i%8 » 1o ~In the face of easier grain and stock| Even in the face of what happened L Go ] markets, cotton maintained a very|to stock prices last November, Mr. Van Chicagg Inve d 364 steady undertone today and after an|Strum contends in his latest book, B Bora ronarnanarbeas ©35 a buSanto~ 95% 95% | Gulf Mo bs B 5 . Hav El Ry 5s 52, 90 90 90 |Hud&Manret 76% 7T5% 76% | I11 Cent 45 53. 67% 67% 67% | [11Cent4%s66.... 90% 90% 90% | 11.C-C-StL&NO 5s. 91 91 91 |Int Rapid Transss. 99 981 99 |Int Rap Tr 6sstpd. 107% 107 107% | Int Rapid Trans 7s. 9% 9% 9% 89% 89% 89% 103% 103% 103% | Int RysC A 6 ¥ 03, Ton 102 10378 | Kan Clty Fr8 aa... 8 el ~BouRaNsARBANL a0 AIG Mo DN DM P =S mmoBs won wome s Sot IR S b e Mumes e SARSESNLNERR .08 P ettt e very active, Ithough the Febguary ‘sales’ were apparently fairly success- ful. Flour orders have been very light. ConGasN ¥ 6%8. .. 4 Radio tube makers were said to be Consumers Pow §8. 3 % doing more, but the radio industry Cuban Am Sugar 83 M itself was rather quiet. RN mesemiscs Z0n55888E .8 ayne Pum 110 Western Cont Util. . 50 Williams_ O1l.0-Matic 850 Winton Engine 250 Wis Bk Shrs .. 50 Zenith Radio .. Phillppine RR 45 Money to Loan k ed by first deed aotal 98 | Reading gen 4148 A Soerron: fin"n. erest oomminion ™ 215 | Reading I Cas 61.. 1 Joseph 1. Weller &5 Wesh: " 85 | Rio G Westel e e TRUST COMPANY. 103 |RIATK&LS dan feaunts it et or { SITMAS fn g 0is || Wm. Gordon Buchanan o1s 108, 108 | NETGIR S ines & Triai Gen St Cast 538 41 Toaw | StLasFayss. = Siia0s a0 b | e e e S StL & San Fr in 6. Councilor & Buchanan i e s 'ge | NMninelon Lesn & Trush: Goodyear . St L&SW con 48 3 9 Certified_Public Accountants 3 01 28 * 58300 snares. BAVINGS BANK. e us StLS " Fower Buril upturn eround the best figures of the | “How to Make and Keep Stock Mar- | 'fh SmuCiRIWELEn, 0 - A e EominereeTs B 1 ; H ‘ 95 o5 et ey Sdom) week ended with a gain of 3 to 7 points | ket Profits,” that high-grade stocks S Cansruct Muter pid 1805 Si8g%e CHICAGO LIVE STOCK MARKET | Eotomac ¢ 0 [ » Boses s oasianricsn BB BRe355.- 28482088 55858 on the day. are a more logical medium for the in- [ 200 Consumers . .... \ ity 8 o Strength in Liverpool helped the local | dividual investor. In this conneoticn | 135g Goni ht, CRiCaso cit g1e 68 CHICAGO, February 15 ().—XUnited | Seventh_Sirest H 1 e market and better reports from dry- | he points out that United States Gov- | 1430 Corp Seciitiea 0% 10 States Department. of Agriculture) — | Sernine o Sicchani 975 | SB AN Fin. reduced selling pressure. | erament 41 per cent bonds have sold Oattle—Recelpts, 300 head: compared e Trading was lighter than heretofore | below 83 and British consols moved 5 Eddy Paper . 17% pts, + compar FIRE INSURANCE. this week, following the sharp recovery. | over a range from 114 in 1896 to 52 in . g}:gp‘g ,gg:::gglg_a-b 8 'a | week ago fed steers and yearlings un- American ... Bpots were advanced 5 points to 15.90. | 1917. Emphasis is laid on the greater | 300 Eweitie Research Lab 112 i evenly 25 to 75 higher: mostly 50 to 75 | Gorcoran .. Cotton range: stability of dividend payments for high- | 500 Foote Gear & Mach. 1 up on lower grade steers and yearlings; | National Union. & o grade common stocks. -In this con- 600 General Theater Eq.. 3 butcher heifers and fat cows showing . 5, nection Mr. Van Strum says: | 208 Sitaner”. " B % Sompersbis advance: bt all-fat she| oo iy e T e TheGTURtR TROT S Con niatoaks | T aice pi; %' 8" %" | stock closed weak: cutters weak to 25| SoNTi TS - ] g Tex Ark FS5%850 5 1064 i8 most strikingly illustrated by the D oot 1 . | lower; sausage bulls strong to 15 higher; | Title & Inv. Co. of Md. ; .| Laclede G 6% Tex & Pac 53 B 1977 . Do trend of dividend payments. One argu- | 30 GriEshy-Grun 1 beef ‘bulls 25 lower; vealers, 50al.00 MISCELLANEOUS. Tex & Pac 55 C 79 Janusry . 1 | ment frequently used egainst common i 30 A H mp‘h!&t r-!x'\: lt:’cke;':d mr'.’e feed:rsa.z 525-43 5 Third Ave ad} o stocks 15 that their yleld varies widel up; e top steers, 15.25; al . Ulstr&Del SHORT-TERM SECURITIES. |and cannot be depended upon. How: || g Lomieaks ot g, fh: | iemrescatative weights ot 18.00; bulk,| Gal i i 08| Loriiard sya Union Pa 1s even true this may have been some | U s s 5 3 3 s s n Pac 1s! (Reported by J. & W. Selteman & Co) | ealy U2 (e tane s toet toany e ; 2 6 ' 804 0.50a11.25; bulk fat cows, 7.25a9.00: | D Bromo. et Manat! Sugar 7%4a. Virginia Ry 1st6s.. 2 1081 Allis-Chalmers Co. 55 1937 100 dends paid by corporations no longer | 108 tre K , 75, 32,, | butcher heifers, 9.00a10.50; cutters, 5.00a Storage ptd... .. i 4 5s. 1 85% uminum Co. of Amer. fluctuate between periods of good and Jeflerso . 47 38 6.00; practical top-heavy ‘sausage’ bulls, American Co. rhobse il slack business. 00 Kala 1, |8.75: most weighty beef bulls, 8.00a8.25; | Fed® e : i Montana Pow 43. Whash 4%s 78 rots 2 901 “Corporations are unwilling to pay | fivins Hru€ ... i ’fifi{" \'elledn cl:('mea -tkluasonli.ao: small Trans. & Siorage; || 1 Montana Pw deb &s. 98% v:';bunsza’z e 1 v . > i ers and shipper kinds, 14.00a15.00; ash 65 76 B. z dividends at a rate which they are not | 1 5% | west Maryland 4 Do not make your investe 1125 | West Md 5148 77. Trans. & Stor. pid! sure may be maintained. Consequently, 0 Lincol Hrinty 2 33' | few, 15.50; shipper demand biggest fac- 3 make . 9314 | West Pacific 5. 4 ment subordinate to the vy size of the interest return. PR e | e T }33: (Quotations furnighed by W, B, Hinbs & C i tnsie i value (or o the possibility of diminution " of principal. LR BNeea camoa 3 . 9 dividend payments show dy in- 3 ) " tor in steer market; stocker and feeder Ghife Gopper Co. 5e- 194128 38, s e omania oy w steay - | Sihmm, o Neg it trade largely nominal; killers taking B kise e T3 H trend, shown by the figures over the | ai)MArks Bro 13% 122 | most thin fleshed steers and yearlings. n Bl 1. of Bost. 41 958 100 |1ast 8 years' time, i om . 3 Sheep—Receipts, 7,000 head: market h. " Mech. M Mot. Accep. Corp. €s 103 v me, is one of the strong: 0 3 a o g 1 General et Corp- de iods 102 103 | est arguments in favor of common |,.400 Merch & Mi % 3 s |nominal, 5700 head direct: by the | Jash, Medichl Bl Sorg dyear T. & va | stocks as investments. A carefully se- | %300 Middle W U 7 3 103" |oeek, 121 doubles from feeding sta- | “eRx"dividend " ” ° rand Frusk Catiads, ¢ lected, constantly supervised list of 1 aveen ; 4 |tions; 29,250 head direct; compared . —_ No Am Ed 6%s Gulf ol of Fa b ids - i commaon stocks will show a steadily ine iddle Wes! week ago fat lambs 75 cents lower; fat Unlisted Department. Nor States Pow b Internat. Match Corp. 55 1947.. 97% 9’ creasing return year after year, and "1 4 o ‘pid.. B .' # ewes, 25 cents off: late bulk fat lambs, Pacific Gas & E1 8 Lo ) 9 will provide the owner with a purchas- Gand U 90 pounds down, 10.75a11.25; few, 11.50; acific Bias A ing power which increases as his needs e B B 33 g (late top, 1190; ‘early top, 12357 95 16 | army-nayy increase. Today investors in common | 780 Mo Ku 33y [ 100 pounds, lambs, 9.75a10.50; throw- | Cosmos Club 4is: stocks need not fear a general reduc- odine 8 18" | outs, 0.000.50; fat ewes, 5.00a5.75: e O tion in dividends paid by corporations.” n L4 4 telend%x lmlminso.}i)o:ohw": bulk, 9.25 ok ek o W A 210.25; early top, 10.50. P b " Hogs—Receipts, 15,000 head includ- |Anacostia Bank. 3 ot il | Chain Store Reports. ange cur Toy H ] ing TH000 Gres: marke iehey o, 30| SAER-ERH 12 Yestern g R 7, { NEW YORK, February 15 (P).— o 13 .25 pa for apin-Sac Whecling Stecl €315 W ol "N 0% | Pifty-elgnt chain store compantes, re- | n Nt Btandsrd L 5 t ed week ago | SR HeLH, - Srconte saies of 33345080, coopared | b A O $1"%| Showing ‘advance: shippers, 3,000; i gregal s o 243,080, compare 3 . ; , 2,000; esti- TREASURY CERTIFICATES. |38 6203177466 in January, 1929, an thmer G & k. 247 21'a 21% | mated holdover, 2,000; butchers, me- |} by J. & W. Beligman & Co) | increase of 9.8 per cent. Of the 58| 450No & 8o Ce 20% | dium to choice, 250-300 pounds, 10.10a Tity. 100853 10000y aamplnlu there were six that showed ( 1130 Norin 4| 1085: 200-250 %“;\ofl:l A nlfl"'fl’“lol 25 | Bark 84t 100 ;fl-l! lqgl- lecreases ran . ‘ 11 No W 11.9 “ gl + Raleigh - t. 180 Ont X .20; packing sows, 8.50a | Washi Shotes operated penies 1 e 715; pigs, medium. to choice, 908130 W pounds, 9.00810.50. : =523 Buy First Mortgage Notes With a yield of sie 19 e BauS38.S 2553385 7 Pure Ofl 5%s'37.... Remington Ar Richfleld O] 96% POTATO MARKET, 95% 95 CHICAGO, February 15 (#).—U. 8. 100% 100% of X — 101% 101% 101% 3 1;2. l;‘:“ 102 practicall; u‘mm o: ly no 10216 102% 102% weather, market. San an m=unEneRnese anm - Son