Evening Star Newspaper, February 18, 1930, Page 15

FINANCIAL., CURB ISSUES HOLD ADVANGING TREND Utilities, Aviation and Steel| Groups Continue Their Upswing. BY JOHN A. CRO! Bpecial Dispatch to The Star. NEW YORK, February 18.—Public utilities, aviation shares, miscellaneous industrials allied with the steel in- dustry and investment trusts and trad- ing corporations, featured the upside of today's active and selective Curb Market. Oils, coppers, motors and pipe lines furnished a contrast by eir irregular movement. The market leader, Electric Bond and re, showed gains of more than a point at times. American Superpower and Middle West Utilities were not as active as in recent sessions, but United Light & Power A and Utilities Power and t common and shares reached rpcord highs. Pacific blic Service, which is as- sociated with Standard Oil of California in the distribution of natural gas, moved to another new high today on reports of increased earnings. Arkansas, Mem- phis and United G: Traders were bullish on the air shares today. Mergers, new air mail contracts, increased passenger business resulting from rate cuts and greater attention id to operating and develcping mar- kets were ed as reasons for the strength and activity in this division. Aviatioh issues that scored gains in- cluded Aeronautical Industries, Air In- vestors. E. W. Bliss, Curtiss Flying, Na- tional_Aviation, North American Avia- tion, Niles Bement Pond, Dayton Air- later turned firm | plane Engine, Transcontinents]l Trans- port and Western Air Express. Some of these shares climbed to new peaks for the year. A miscellaneous group of steel and allied industrial shares also were bid up to new highs, led by Driver-Harris and followed by American Chain, which earned $10.12 a share on the common in 1929, as against $3.80 on the pre- ferred in 1928. Following extension of deposit time to March 1, Republic Iron & Steel new, equaled its previous peak. Super- heater and United States Radiator also rushed to new highs for the year. United Chemical, which rose more than 7 points Monday, added 5 in the first two sales. —— CHICAGO LIVE STOCK MARKET ‘'CHICAGO, February 18 (#) (United States Department of Agricuiture).— Hogs, receipts, 27.000 head, including 5000 direct; market steady to 15¢ lower; slow at decline; top, 11.50; bulk, 160-250 pounds, 11.00 to 11.40; 260- 300 pounds, 10.55 to 10.90; big weight butchers, down to 10.25; butchers, me- dium to choice, 250-300 pounds, 10.25 0 11.00; 200-250 pounds, 10.65 to 11. 160-200 pounds, 10.75 to 11.50; 13 160 pounds. 9.75 to 11.45; packing sows, 8.85 to 10.15; pigs, medium to choice, 90-13@ pounds 9.25 to 10.75. @itile—Receipts, i celpi®, 2,500; mos steefs and yearlings; killing quality bulk selling 13.00 downward; she ding lower; slaughter classes, steers, and choice, 1,300-1,500 pounds, 12,525 mWISJO:llldaOU-IJ::l pounds, 13.25 to 16.00; 950-1,100 pounds, 13.25 to 16.00; common and medium, 850 pounds up, 8.75 to 13.25; year] good and choice, , 13.00 to 16.00; heifers, good and choice, 850 pounds down, 12.00 to 1450; common and medium, 8.00 to 9.00; cutter to medium, 7.00 to 8.40; vealers (milk fed)., good and choice, 10.50 to 15.50; medium, 9.50 to 10.50; cull and common, 7.00 to 9.50; stocker and feeder steers, good and choice, all| weights, 10.75 to 11.75; common and ‘medium, 8.00 to 10.75. Sheeps—Receipts 15,000 head: mar- ket steady; bulk fat lambs, 11.00 to 11.50; best held above 12.00; fat ewes, quotable steady; choice held above 5.50; feeding lambs, nominal; lambs, and choice, 92 pounds down, 10.00 to 12.00; medium, 9.75 to 10.50; common, 8.75 to 9.75; medium to choice, 92-100 pounds, 9.00 to 11.35; ewes, medium to choice 150 pounds down, 4.75 to 6.00; cull and common, 2.00 to 5.00: feeder lambs, good and choice, 9.50 to 10.50. BANK CLEARINGS. NEW YORK, Febfuary 18 (#)— Clearing house statement: Exchan $1.410,000,000; balances, $183,000,000. BONDS ON THE CURB MARKET. ; DOMESTIC BONDS. High. Low. N 007s 1003 4 . 37 96 Vs it 60 ccm»."u"no. GG 635 A ‘37 ww 7 100 oSSR BRI R ntta o o 6 39 100! &L 58 A 8T 9705 ! gt 108 - eSO S, - i i1 (1 o o8 10 I} it Ses % 1 104% 1 104% » 7% 180w 100% o 1 6a dd 903, Weat Bilo tele’ .4 100% POREIGN BONDS, TRANSACTIONS ON THE NEW YORK CURB MARKET Notice—All stocks are sold in one excepting those designated which shows those stocks to be sold in odd ~—Prev. 1930.— Stock and High. Low. Dividend Rate. 51% 44 Acme W Co vte (32). 12 8 AeroSup Mfg B 10% 7 Aeronautical Indus.. 214 1% Aeronautic Ind wa: 16 13% Aero Underwriters. 27% 21% Ainsworth Mg $2%. 4 34 Alr Investors vte 16 11% Alr Inv Incev pr. 125% 119% Ala Great Sou (17) 134% 126% Ala Gt Sou pf (17).. 21 Alexander Indust 4 All Amer Gen Corp.. 14 Allegheny Gas Corp. 6 6% Allied Aviation. . 2 1% Allied Pow & Lt. 46 5O% Allied P&L 13t pf(5) Aluminum Coof Am 2 81 Am Beverage Corp 1 Am Chain (3) Am Colortype Am Cit PAL A (a3). Am C P&L B (b10%) AmCwith P A b10% . Am Cwith P B b10% Am Control Of1 F' Am Cyanam B (1. Am Dept Stores. Am Equities. Am For Power war Am Gas & Elec (31). 33 138% 1. Am Invest Inc B, 18 13% % Am Investors (war). 5 64 Am Lt & Tract (10). 75s 262 Am Mfg Co (4)..... 1268 56 Am Maracatbo. ..... 2 Am Natural G: . Am St Pub S(A)1.60 Am Superpower (1). Am Super 1st pf (6) Am Thread pf (25c) Am Yvette (new) wi Anchor Post F (2).,. Arcturus Rad Tube. Argo Ofl Arkansa; Arkansas Nat Gas A. % Ark N G em pf (60c) Ark Po & Lt pf (7). Art Mota) Works(3) asso-Dyeing & Ptg.. Asso-Elec Ind Ltd. .. Ass0 G & E A (12.40) Ass0 G&E A deb rts.. Asso Laund (220¢). Asso Rayon.... Asso Rayon pf (6).. 22% Atl Coast Fish(1.40). % Atiant Fruit & Sug. 15% Atlantic Sec Corp 221y Atlas Plywood (2). 11 Auto Musie (A) (1) 6% Auto Voting Mach. .. 14 AutV Mcvprot (3). 124 Aviation Credit 7% Aviation Securit] 36 Axton-F Tob A 3.20.. €0 Baumann (L) pf (7) 508 11% 5% Bellanca Alrcraft... b5 157% 150% Bell Tel of Can (8).. 25s 1 85 31% Blaw-KnoxCo (1%). 1 Bliss Co (E W) (1).. Blue Ridge Corp.... Blue Ridge ev p 4 12% 60s 133 1 2% 16% 5 6 46% A Boaapmns mand 75 72 142% 113% 14% 10 67 148 o ~aaraetu-a 1108 1 8u 9 57 334 30% 11 40% by the letter s 6 24% 25% THE EVENING STAR, WASHINGTON, D. C., TUESDAY, FEBRUARY 18, 1930. (6! lots only. 13 34% 133 2% 2% 16% 16 % 6% 1% 14 51 50% 49% 28% T3% 41% 1384 Y 188 6 97w 31 6 18% 14% 1% 12% 121 % 108 24% 3% 8y 6% 6% 43% 4, 9% 8y 1% 6 13 7% 08 544 27% % 20% 24 12% T 165% 144 134 41 80 27 1% 40% Blumenthal (8) 6 41% 42% Braz!l Tr & Lt (2). Brill Corp, A (86c). Br Celanese Ltd rcts Brown F&W, B 2.40.. 174 39 13% 3 Bulova cvpf (3%).. 38w Bunker H&S (16%).. 85 Burma Corp (131¢) Bwana M Kubwi 8% Cable Radlo T vte,,. 1% Cab&Wire LtdB rets 3% Can Marcont........ 543% Can Pacific(new)w.1. % Carlb Syndicate. 26% Celanese Corp 5% Cen States El war... 2 Cent Sta Elcv pf(6). 268 1 Chain Stores Stock.. § Ches & Ohio (new).. 2 Citles Service (330¢) 406 Clark Lighter e Clev Tractor (1.60). Colon Ofl....ev'vense Columbia Pictures. . Columbla Syndicate, Colgate-Pal-P (2%). 4 o & 3 69 3 Com'with Edison (8) 10s 281% 281! 2 99% 9 Comwith Pow pf (6) 4% Comwith & Sou war. Com'with & 8 pf 154 5% Consolidated Copper. Con Dairy Prod (32). 4 Con Gas, Balto(3 60) Con Gas Ut A (2.20). Cons Instrument. ... Cons Laundries. .... Con Retall Strs (1). Cord Corp... Coty Soc Anon rets. . Creole Petroleum. .. 4 Cresson Cons (8c) Crocker Wheeler. Curtiss Flying Serv.. Curtiss Wright war.. Cusi Mex Mining.... Darby Pet (1) . Davenport Hos (2). 6 n... Detroit Alreraft Cor. 4 Detroit Gasket(1.20) Dix Gas & Utilities. . Doehler Die Casting Dolores Esperanza. . Donner Stl 1st pt (6) Douglas Afrcraft 75¢ Dres(SRIMIgA3%. Driver Harris(new). Dubllier Cond&Rad.. Duke Power (35). Durant Motors. Duval Tex Sul wi.. EastGan & F Asso.. East States Po B(1).. Eastern Utll Inv A.. Efaler Elec (1.50) El Bond & Sh (b6)... 5 ElBond & Shpt (6).. 2 Elec Pow As80 (1)..: Elec Pw Asso A (1) El P & L opt war, Elec Sharehldg (3 105% 103% 34% 24% 32% 22% n 28% Empire Fire Ins..... 4 Emp G F cum pf (1), Empire Pwr Corp(3) Emp Pub Sv A(1.80). Employ Refnsur 1% . Engineers Gol Eng P S opt war. Europan Elee (The). Evans Wallow Lead. Fabrics Fintshing Fairchild Aviatiol Fandango Corp. Fedders Mfg Co (A). we rBennranaS Sansunnne Fokker Alrcraft Foltis Fischer Cq Ford Motor Can A. Ford Motor Can B Ford Mot of France. Ford Motor Ltd. . Foremost Dairy Pr. Foundation For Shs. Fourth Nat Inv, Fox TheatCl A. . Franklin Mfg (2) Garlock Pkg (1.30). -3 . P Gen R & Ut pf 16).. ileaner Com Har(2 Goth Knitback Mach Graymur Corp, .. Groo Stors Prod vte. % Ground Gripr (11%). Guif Oflof Pa (1%). Gunther Law (2).... H'd Page p pf (19e). 15 Hartford El Lt(2%) 100s Hazeltine Corp (1), Helena Rubenst: Hollinger Gold ( 1 6 2 5 2 2 3 1 2 Tk, U ] 15% 154 15% % 7 4 15% 5% 2 115% 118% 115 3 284 2384 28 5 14% 1% 124 39% 3% b3 9% 5% 99% 5% 14% 2 % T4 % 13% n% 1% 3% 5% % b 27% 9 -share lots s) (283 ) 2 1254 125% 125% 125% 134% 214 161 ) 1% 50% 6 82w 821 B2% 82N 830 315 330 6 6 6 1384 13% 6% 973 8y 6 7% 108 26% au 6% 2% 59 59 % 2824 281% 99% 5% 15 99% 99% 99% 99w 8 14% 143 1 4% 1 W 18% ™ 15 28 1 29% 20% 20% 29% 1 6% 6% B% 6% 26 2 % 6% 0% &% 178% 1 ~Prev. High. 21 45% 14% 874 Low. 21 1930.~ Stock and Sales— Dividend Rate. Add 00. Holt (H) % Co(1.80), Horn & Hard (2%) Hudson Bay M & Humble O11 (2) Oven, T 4+ Hygrade Food Prod. 19% Busy Illinots P L (20). Indiana P L,n(12%) 1 Indlan Terr Ilum.., 201 In8l Finotfs (b10%), 2 Insull Ut Invibe% ). Ins Co of N Am (13), Insurance Seo (1.40) Intercontinent Pet n, Interstate Equit Intl Petrol. n(82%¢) Internatl Ut B, Irving Air Ch ( Italian Superb war. Johnson Motor Co. Kerr Lake Knott Corp (2.40). Kolster-Br (Am 8h), Lackawanna Sect4), Lake Superior Corp, Lefcourt Real t1.85. , Lefcourt Real pf (3) Lehman (The) Corp. Leonard Oil. Libby McNef Lily T Cup (160) Lion Ofl Refin (2), Loews Inc deb rts. Loews Inc war., Loutsiana Lan & Ex. Mac Marr Stores Marine Mid Cp (1.20) Marion Steam Shov, Mavis Bottling. ... McCord Rad B (2).. Mead Johnson (13 %) o2 [ Mercantile Stors(5. Mesabl Lron " Met T Cor pt p! Mid Wst Utll (b8%). Mid W Ut cv pf xwé Mid West Ut A war., Mid West Ut B war Miller & Sons (2) Miss River F Cp war - 3 6 3 5 1 6 2 1 1 2 2 1 7 4 2 1 3 1 3 9 1 2 2 3 8 3 1 2 5 3 1 1 1 1 1 2 6 4 Mo KanP L (b10%). Mock Judson Voe(2) Moore Drop Frg A.. Mountain & Gulf 8¢). Mount Prod (1.60).. Nat Amer Co. Nat Aviation.... Nat Dairy P pf A(7) Natl Fam Strs (1.60) Nat Food Pr A (2%). Nat Fuel Gas (1) Nat Investors (new) Nat Mfrs & Store Nat Rub Mach (2). Nat Screen Serv 1.60 Nat Steel Corp xw (2 Natl Trade Journal Nat Transit (1)... New Jer Zine (14). New Mex & Aris Ld Newberry (JJ)pf(7).2508 Newmont Min (34, 8 Newport Co (2) 16 N'Y Invest (1. 18 Niagara Hud P(40¢) 190 Niag Hud Pw A war. 64 Niag Hud Pw Bwar, 6 Niagara Shares Md.., 1 Niles Bement Pond.. 7 Noranda Mines (3 15 20‘l1 5 9 1 1 6 9 1 1 T 3 2 1 3 North Am Aviation. North Am Util Sec. . Nor Ind Pub Serv D. North 8t Pow A ( N W Engineer (2) Ohio Copper. Ohio Of1 (12). Otis EI Pac GREl 1st pf 1% . Pao Pub Serv (1.30).. 1 5 Patterson Sargnt (2) Pennroad Corp...... 120 Penn-Ohlo Pw pf (8). b Penn Pwr&Lt pf (7). 508 Peop Drug Stra (1).. 1 Peop L&P A(a2.40).. 3 Pepperell Mfg Co (8) 1 Perryman Elec Co.., 4 Petrol Corp (1%).... 132 Philippe (L) A (1.60} 1 Philippe (L)B(1.60), 2 Piedmont & North (5:426s Pilot Rad T A (1.20, Pitney B Pn (20¢c). orging Co. Polymet Mfg (31) Propper Silk H M (l; Prudential Inv, Pyrene Mfg (80¢)... Radlo Products (2).. Railway & LtS (16). Ry & Util Inv (A)... RainbowlLumProd A RainbowLumProd B Raymond Con pf(3)8 Reiter-Foster (40¢) Rel'nce Republic T Roan Antelope Min., Rocklans Lt&P(93c) Rolls Roy Ltd ret; Roosevelt Fleld, ina, Roxs Stores, in Ruberold Co (4). Ryan Congolida St Anthony Gold. St Regis Faper E . Seowe Shattuck Den Min, Sheaffer Pen (1214).. Shenandoah Corp Shenan Corp pf (? - Sierra Pac Kleo ( roaruBrEloreraraf iR mrBorsanneRan2ae o Bouth Coast, . South Penn Ol (3) S'east P&L pr pf(5). SEP&LDPI(T..ue 8o Col Pow A (2) Southern Corp. .. 8o Ice & Utilities B So Pipe Line (12) 8 W Bell Tell pf (7). b sw Ut - S = CETOTY -1 JUVOIS JOPRTRITS 4 Stand Stan Gas & El pf Stand O1l, Ind (2%) Stand O1], Ky (1.60) Stand Ofl, Neb(13 St Ol of Ohlo pt (7). Stand Pow & Lt. Stand Pwr& Lt B. .. Starrett Corp. . Starrett Corp pf (3).. Stein(A)& Co Stein Cosmeties Inc. Stern Bros A (4) Stern Bros B ct Stetwon (J B) (6%). Stinnes (Hugo). ..., Strombg-Carl (1%)., Stutz Motor Car..... Sunray Ofl (40¢) Superheater (13%)., Swift & Co new (2).. Tampa Electric (32) Thermoid Co (2) ‘Third Nat Inv (1 ‘Tobacco & All Stki ‘Todd Shipyard (4) Tonopah Min (16¢)., Transamer (31.60) ‘Tran Con Air Tran. . 8 ‘Transcontl Ol (30¢) 13 Tr-LuxDL 2 Tri-Cont Co! 1 Tri-Continental 1 ‘Tri-Cont Corp pf (8§ L] Tri Utilities (31 : ). (10). 1708 - S o 2 B < - O T L LTS 9 8 e e Truns Pork 8 ( Tub Art Bilk B High. Low. 21 4 13% 81% 42 12 307 23% 40 38% 21% . Close. 2 1 44 13% 81% 42% 12 807 23% 40 20% 32% B 3% 19% st Fo ock and 20 Dividend Rate. Tung-Sol Lamp (2) ¢ Ungerlelder F Corp Union Amer Invest. Un N G Can (11.60) Unfon Tobacco. .. .. Utd Carr Fastnr 1.20 United Chemical Co.. United Ch pt pf (3). United Corp war. . ... Unit El Ser pur war. % United Gas Co...... Unit Lt&Pwr A (60c) Utd Lt & Po pf (6).., United Milk Prod Unit Rt Ch pt (334) U S Finishing (32 USFoll B (n.z 4 US&InSctf (: U S Radiator (2) U 8 Radiator ctfs. % Utd Founders(b2-35 Unit Verde Ext (4) Utility Pw & Lt(a1). UHIP&L B ctfs (a1). Utility & Ind. Utll & Ind pt Utility Equittes Sales— Add 00. Open. High. Low. Close. 23% . 1930, 23% 28% Walker Walker W Wes 62 137% 1374 3 3 2% 3 2 Winter & % 20% 1% annus? pasn 174 | cash or stock. ATLANTIC COAST LINE NET IN SHARP RISE Railroad Shows $14.46 Per Share in 1929, Against $10.24 in Previous Year. ‘The Atlantic Coast Line Railroad Co. in preliminary statement for year ended December 31, 1929, shows net income of $11921,507 after taxes and charges, | equivaient, after 5 per cent preferred | dividends, to $14.46 a share on 823,423 shares of common stock. This compares with $8,443,604, or $10.24 a share In | 1928. | Preliminary income account for year | 1929 compares as follows: 1928, $71.393.174 Operating_income Ea. etc.... Net op. income. Other income. Total Income. nt, rts, etc... Net income. Dividends [ T a109.49 urplus “Credit. NEW YORK COTTON. NEW YORK, Pebruary 18 (#).—Cot- | ton opened barely steady at a decline | of 15 to 19 points today under a Te- | newal of yesterday's selling movement, which seemed to find additional en- couragement in the relatively easy showing of Liverpool, and the declines | reported in Bombay business was fairly active. Trade buying and covering was re- ported, but it b{ NO Means aggres- sive and prices worked about 20 to 24 E:\nll net lower by the end of the first 1f hour, with May selling off to 15.57 | and October to 15.93. | Liverpool reported hedging, local and foreign liquidation in the market there | and sald that Manchester was un- settled with buyers of both cotton cloths and yarns cautious. ‘The lower orenln( of the wheat mar- ; ket came In for considerable comment | and probably encouraged some selling of | cotton. | PARIS BOURSE PRICES. PARIS, February 18 (#).—French | government issues were mainly heavy on the Bourse today. ere was a marked drop in Bank of France shares and many industrials were weak. | Three per cent rentes, 86 francs 25 | centimes; 5 per cent loan, 101 francs 20 | centimes. Exchange on London, 124 francs 2114 centimes; the dollar was quoted at 23 francs 56 centimes. Baltimore Markets Wpecial Dispatch to The Star. BALTIMORE, Md, February 18.— 9% | Poultry, alive—Turkeys, pound, 32a 164 3%, a1 26% % 137% old toms, 20a25; Spring chickens, 28a 32; Leghorns, 19a25; old roosters, 17a 18; capons, 30a36; ducks, 17a30; old hens, 25a26; Leghorns, 17a: guinea fowls, each, 45a70; pigeons, pair, 25a30. Receipts, , 814 cases; nearby firsts, dozen, 42a43; pullets, 35; hen- nery, white firsts, 431, culls and dirty eggs, 25a30. Butter—Good & pound, 34a38l5; packed, 20a21; 33a34. nd fancy creamery, ladles, 31a32; store rolls, 25a2i process, Vegetable Prices. Potatoes, white, 100-pound sacks, 2.25a3.00; 2.78; yams, barrel, 1.75a2.50 basket, 2.25a2.50; cabbage, hampers, 75a 1.00; carrots, 100 pounds, 3.00a4.00; caulifiower, crate, 1.50a2.25; celery, crate, 2.00a3.25; lettuce, crate, 2.00a2.75; kale, barrel, 71.26!1.75: oniops, 100 , 4.0024.50; tomatoes, crate, 2.50a6.00; turnips, hamper, 25a35; apples, bushel, 60a2.75; cranberries, box, 5.00a5.50; grapefruit, box, 2.50a4.5! oranges, 2.10; angerines, box, 1. a3.50; strawberries, quart, 40a60. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, export, 1.1 No. 2 red Winter, garlicky, spot, 1.18; February, 1.18; March, 1.18%; No. 3, garlicky, no quotations, Corn—No. 2 domestic, yellow, new, 97a98; cob corn, new, 4.65a4.75. Oats—No. 2 white, domestic, spot, 54,855, No. 3 white, domestic, spot, 5315054, Rye—Nearby, 85490, Receipts, none; general hay market is quiet; some little hay is ar- riving, but hardly enough upon which to establish quotations by grades. Bet- ter grades of timothy and clover mixed are selling from 16.00a20.00 per ton, ac- cording to quality and condition, ceipts truck supplying most require- ments. Straw—Wheat, No. 1, per ton, 9.00a 10.00; oat, No. 1, per ton, 9.00a10.00. Live Stock Market. Cattle—Receipts, 50 head; light su) ply; market steady. p Sk Steers—Choice to prime, none; good to choice, 12.50 to 13.00; medium to good, 11.50 to 12.50; fair to medium, 10.50 to 11.50; plain to fair, 9.50 to 10.50; common to plain, 8.00 to 9.00. Bulls—Choice to prime, none; good to choice, none; medium to ogood. 8.50 to 9.25; fair to_medium, 8.00 to 8.50; common to plain to falr, 7.50 to 8. plain, 7.00 to 7.50. Cows—Cholce to prime, none; good to choice, none; medium to M,m 00 to 8.50; fair to medium, 7.00 to i plain to fair, 550 to 6.50; common to rime, none; good plain, 4.00 to 5.00. Heifers—Cholce to to choice, 10.00 to 11.00; medium to , 9.00 to 10.00; fair to medium, .00 to 9.00; plain to fair, 7.00 to 8.00; common to plain, 6.00 to 7.00. Hror s Shson, o logs—Receipts, 2,600 ; sup- ; market h s et steady. 12.00 to f;{ao; hnvl% 1195 to 1310; 12.00' to 12.30; . 275 to 10.00; 75 to 11.00; pigs, 1128 to | “8neep and lambs—Receipts, 25 head; light suj ; market steady; sheep, 2.00 Itocl‘.lw:’wnn, 1&0;: 18000 ves—Receip! head Pply; market steady; calves, Footo 18, sweet potatoes, barrel, 1.75a | Stock and Dividend Rate. Vacuum O11 (14%) Van Camp Packing. Veeder Roof (2% ‘o 4 0 Waltt&BondB(1.40). 1 Walgreen Co. . . lfl 1 1 0 9 Watson (JW) Co.. Wenden Copper. .3 it Alr Exp (60c).. 1 Auto Sup A (3). West Mass Co (2)... 4 Wheel Stl pt B (10). 50s Woodley Petroleu: ‘Worth Inc A.... Yukon Gold Zonite Prod ( RIGHTS. 5 3% Con Gas El L&P..April 1 3 % Crocker Wheeler . 2 Y% % Elsler Elec.... 3% 2% So. Cal. Edison. .10 .01 Trans Corp... ividend rates in dollars base payment. SEx- 1Partl: Ex-dividerid | tPart] FINANCIAL. Bales— d 00. Open. High. Low. Close. Ao o "oov sew. ae 111 387 3 % 12% 53 9% 4% 2% (H) (1)eoaee Mining 36% 40% 30 30 63 64% 137% 137% 5% 2% 2% (Benj).. L 4 5% 2% 2% extra tn stock. s Pa: otk "o Pasabie To- oreferreq sock. BROKER FIRM OCCUPIES NEW BALTIMORE OFFICE Spectal Distpatch to The Star. BALTIMORE, February 18.—Maku-; bin, Goodrich & Co., investment bank- ers and brokers, occupied their new building at South and Redwood streets for the first time yesterday. ' The structure, which is said to be: one of the finest and best appointed south of New York, cost approximately $750,000 and is five stories high, with M: about 20,000 square feet of floor space. It is of white Georgla marble and re- s inforced concrete. Because of the increasing number of women who are participating in stock trading, a special department has been | May included for them in the new building. | 2% i NEW YORK BANK STOCKS. NEW YORK, February 18 (#).— America . Bros N Chase Natl Bankers ... Cent er Chemi Bk & Ti Corn Exch. County . Guaranty Lxing Manufactiry New York. . United States. STOCK AND BOND By the Assoclated Press. Prom Yesterday’ r'l':. years up'. X 97. High 0) .. o 93. GRAIN MARKET. CHICAGO, . February 18 (#)—Grain prices descended to new low reccrds for the year today, but faith in the Federal ctabilization program and a good day's export business in Canadian wheat 1 were credited with rallying prices. ‘Wheat closed unsettled 15 to % cen’ a bushel higher than yesterday's finish. Corn closed 3 to 1 cent up, oats rang- ting from 5 cent decline to !5 cent igain, and provisions showlng 5 cents to 17 cents setback. 1. 1 MONEY MARKET. NEW YORK, February 18 (#).—The | keel today and the 412 per cent rate | for call loans held throughout the ses- |sion. There was a moderate amount of loan calling, but sufficient funds were | placed in the market to offset any with- | drawals. Time money was easier on the short- \ er maturities, 30-day loans being quoted at 415 per cent flat; 60, 90 and 120 day | loans were quoted at 414 to 4%, and § h loans at 4% to 5 per cent. Bankers’ acceptances were unchanged. { call money market maintained an even | bee MARKET AVERAGES 5:30 Edition. (1930) . 91.9 Total sales (par value), $7,779,000.. (Copyright, 1930, Standard Statistics Co.) High crowns are blocked with shallow creases in Spring’s new STETSON 38.50 Conforming to the individualities of the HATS mode in crown and brim. . .smartly and carefully proportioned to compliment your particular facial characteristics. Pearl gray, silver pearl, bluestone, congo, beige and buff colors, to harmonize with your Spring ensemble. Other Hats, $5 to $15 ‘THE MEN's StoRe, S8ecoNd FrooR. w%s A—I5 ISUIT MAY AFFECT OIL PRICESINU. S. Government Action Held Likely to Influence Petroleum Industry. BY J. C. ROYLE. Suit filed by the Department of Jus- tice against 19 of the main gasoline producers and distributors of California is likely to have a far-reaching effect on the petroleum industry in general and may affect prices. The Government charges conspiracy to restrain interstate commerce con- trary to the Sherman agt by maintain- ing; fixed prices for gasoline. The som- panies vigorously deny the charge. It is certain that the case will be bitterly fought to the last ditch. ‘The department asks an injunction payeent ing the defendant companies from fi ing and maintaining fixed and non- competitive prices. Government Allegation, If this injunction is granted 1t may make a decided difference in California gasoline distribution. The Government a lleges that the companies produce and sell 1,500,000,000 gallons of gasoline a year and control the supplies of Qre- gon, Washington, part of Mexico and forelsn countries. A check on sales on the Pacific Ccast may send additional gasoline as well as crude oil into At- lantic and Midwestern markets, The producers of crude and gasoline in the Midcontinent fleld, which supply the Middle West, and in Ohio, Penn- sylvania, Kentucky and other States which supply the East complain that the depression in the oil industry is due to the incursions of California oil. They say that the California producers and refiners can send their products by way of the Panama Canal to Atlantic and Gulf ports and redistribute it thence by rail cheaper than the Midwestern pro- » | ducers can place their products in the h‘sgu'l-« of the corsumer in the sama ter- ritory 1f sales are checked in California, shipments to other markets may be in- creased. California now is producing almost 150,000 barrels a day more than is consumed there. s"“;f efforts have been made to induce producers to hold down production.- One mk has n passage of the gas-wastage law. Texas Fields. Texas flelds have tremendous pro- duction possibilities. So have mid- continent fields, but there restriction is strongly enforced. The California crude producers have a voluntary prorating production agreement, but even now production is running nearly 50,000 bar- rels a day above the agreed totals, The producers and refiners have been able to do something toward keeping down production by means of price cats, but the present suit may entirely changed outlook to tl triction sicuation. Some see the possi- bility of a long-continued price war in the gasoline and crude oil markets due to the suit. (Copyright, 1930.) SILVER QUOTATIONS. NEW YORK, Febru 18 (#)~—Bar silver, 43%4; Mexican dol 32%. i ive an re- STOCKS TRADED Stocks, bonds and mort- gages traded on attrace tive real estate invest ments with safety, yield and growth. J. P. QUARLES Doniphan Bldg., Alexandria, Va. Phone Alexandria 767 165,000 INVESTORS —use the Investors Syndl- cate plan because it enables them to bulld up large sums of money for themselves by a ent program of small, regu- payments, multiplied by first mortgage Interest com- payment schedul howing how this time-proved plan will work for you, RESOURCES OVER $32,000,000 Capital, Surpius and Reserves over 84, INVESTORS SYNDICATE FOUNDED +18947 BARR BUILDING WASHINGTON, D. €. Teleshone: Metropolitan 1079 OFFICES IN 31 PRINCIPAL CiTIES. ~ Safe and Profitable The importance of these two features is in the order named. The ultimate profit depends primarily on the sa}ety of the principal. We Recommend First Mortgage . Notes With a Safe and Prompt Yield