Evening Star Newspaper, February 19, 1930, Page 14

A—14 "é‘ BANKS GAIN FAVOR INEXECUTOR ROLE Number of Trusteeships In- creases to Record Total During 1929. BY EDWARD C. STONE. ‘The number of banks shd trust com- panies appointed trustees or executors of estates broke all previous records in 1929, according to & report made by Prancis H. the Guaranty Trust Co., at the eleventh annual Midwinter trust conference condus trust company di- vision of the Amer- ican Bankers' As- sociation. in New York. Sever .kl | | Franeis G. Addison Jr. were named ex- various 3 = crease of 35 per cent over 1928 and more than a 100 per cent gain over 1927. The record is not only made up by the larger number of estates placed with the banks, but in the size of the estates as well. As the banks prove the value of their services, they can expect a re- volume of busi- ness of “almost unbelievable magnitude as the reward of enterprise and as the measure of .public confidence.” Most of the American trust com- panies and banks with trust powers are “still ‘in the first lap of their life course,” - most of them less than 40 years old, accord-. ing to Gilbert T. Stephenson, vice president of the Equitable Trust Co., Wilmington, Of the 4,000 trust companies or banks '1}': trust dozn with persol an a billion dollars resident of the leveland, Ohio, desire to important don'ts: “Don’t buy stock in mines you know about. While some mines are often unscrupulous men start ining ventures just to get your;money. “Don't trifie with oll wells you cases there never is salesman who says: | or it may be too late’ An lcomes investigation. A new and untried n?:v' all about it favorable opinion ‘Roberts Lands Institute. ‘Mr. Roberts, in discussing the insti- tute’s 30 years of progress, declared that the organization deserves a large ‘measure of credit for the splendid man- ner in which the banks conducted themselves during the stock market col- Japse. The training that bankers have been . receiving during past three decades in principles of h.nlm%,g law, and economics is always reflected among banking leaders in times of stress. “Prom the beginning,” Mr. Roberts said, “the institute has been a volun- tary organization, the work of which has been carried on almost entirely by young men ‘and women elected by their associates to direct mll:ad earryby &n the educational plans out! e na- tional ization and” modified to meet local conditions. “The ee of success which the American ititute of has achieved in its objective is shown by the fact that each year over 2000 graduates are awarded the standard certificate of the institute, evidencing that they have been thoroughly grounded in the principles of their pro- fession and are well qualified to render that high type of service which the public has the right to expect from the institutions to which they look for jdance in the handling of their S:lnflll affairs.” Peoples Drug Preferred Active. One of the mmn;t;urvl/e stocks on:h‘: ‘Washington Sf change today Pmplu‘l‘)ml Stores Preferred, 60 shares ch: hands at 103. Washington Railway & Electric preferred came out ex-dividend at 96, Liberty National Bank sold at 205 and Federal-American Co. common at 32. Crered enanged hands at 111% re C nds a %, rhlres of East Washington Sa Bank at 30 and 160 shares of Real Es- tate M e & Guaranty preferred sold at 7 20 more at 7%. ‘Trading the bond division was confined to Washington Gas 6s, series A, which moved at 103. Mergenthaler Votes Dividends. ‘The Mergenthaler Linot: Co. yes- the reguinrly terday declared regularly quarterly flvldeynd of $1.50 and an extra dividend cent , 30 FINANCIARE,” THE EVENING STAR, WASHINGTON, D. C. WEDNESDAY, FEBRUARY 19, 1938° [ox 2w o BONDS rros scmave] NEW YBBK STOCK by Private Wire Direct t- (Continued From Page 13.) ~Prev. Sales— High, Dividend Rate. ~ Add .i 8% Louisiana Ofl. .. 38% LouG&EIA(1%).. 32% Ludlum Steel (2).... 30 McAndrews&F t2.35. 40% McCall Corp (2%). .. 14% Mclntyre Pore M(1). 32 Mckesson & Rob (2) 61 McKeespt T P(14%). 44% McKes & Rb pf(3%) 14% MeLellan Stor 70 Mack Trucks 45 Magma Copper 23 Manat! Suxar pf. 25% Man Elec Supply 30% Man Elev mod (d5).. 20% Man Shirt (2)....... 39% Marlin-Rockwl t43 . 20% Marmon Motor (2). . 37% Mathleson Alkill (2) 49 May Dept Strs (n2). 16% Maytag Co (12) 29% Maytag Copf (3).... 76 Maytag Co 1st pf(6). 264 Meiville Shoe (2).... 154 Mengel Company (2) 13 281 Metro Gold pf (1.89). 16 Mexican Seaboard 26% Miami €opper (4). 53 Michigan Steel (234). 25 Mid-Continent P (2). % 3% Miller Rubber....... 110 103 Mil El R&L pt (6)... 19% 12 Minn Moline Pwr. 87 72 Minn Moline pr 6% 58% 46% Mo Kan & Texas. 106% 103 Mo Kan & Tex pf(1). 140 134 Missour! Pac pf (5).. 40 33 Mohawk C Mills (3). 49% 38% Montgomry Wrd (3) 3% Moon Motors. 58% Morrell & Co (4.40) 1% Mother Lode (40c). 13 2 3 S¥mnhnnall 12% Mullins Mfg. 57% Mullins Mfg p! MurrayCor(b2 % stk. 514 Nash Motors (6). =S - 299 Nat Cash Reg.A(t4). 45% Nat Dairy (32). 29 t Distillers (3) 3 N 102 Natl Supply (5) 70% Natl Surety (5) 35% Nat Tea Co (2 NYChi&StL(6).. 108% N Y Chi & St L pf(6) 108% NY NH & Hart (6)... 122 NYNH&Hpf ()., 13% N YOnt & West..... 4 100 N Y Steam pf (6).... 20s 111% N Y Steam 1st pf (7) 10s 16%_Norfolk Southern... 8 226 Norfolk&Westn(1 93% North Am(b10%stk: 100% North Am Ed pf ( 45 Nor Ger Lloyd(3.41) 844 Northern Pac (5 82% North Pacet (5).. 9 Norwalk Tire pf.. 9% Oll Well Supply 87 Oll Well Sup pf (7). 31% Olivr Fr Eqev pt(3). 47% Oppenheimer Col (5) 63 Orpheum Cir pf 30% O el (234) 521 Owens 111 Glass(nd). 17% Pacific Coast 1st pt. . 524 Pacific Gas& K (2).. 72 Pacific Lighting (3). % 1 Pacific Ofl stubs 150 PacificTel& T (7). 16% Packard Moter (1). 50% Pan-Am Pete B. 48% Paramoun 25 Park & Tilford (33) 234 Park Utah 28 Pathe Exchang 28% Patino Mines (3.89) 6% Peerless Motor Car.. 26% Penick & Ford (1)... 63% Penney (JC) (23).. 93% Pen (J C) pLA (6)... 64 Penn Dixle Cement., 304 Penn Dixie Cemt pf.. 847, 72% Pennsylvania RR(4) 263 230 People's Gas Chi (8). 96 95 Pere Marqpf (5). 4315 38% Phelps Dodge (3) 246 221% Phila Company (17). 53 50% Phila Co 6% pf (3 11% Phila& Read C& 8% Philip Morris (1) 30% Phillips Petrm 13 Phoenix Hoslery. 208 73 n 4 20s 45 2 H » mremoBoaanm 69 14 e 2 . 34 Pilisbury Fiour (2). 45 Pirelli Co A (2.88). 68% Pittsburgh Coal. 20% Pittston Company. 27% Poor & Co (B) (2)... 59% P Rican Am To (A)7 12 PRican Am To (B).. 97 Postal Tel & Cpf(7). 48 _Prairie Oil & Gas(2). 58 Prairie Pipe L (15) 0808 b 1 O 46 1 12 1 1 54% Prophylactic Br(2) 108% 107% Pub Sve E&G pf(§) 95% 81% Public Serv, NJ 3 109% 106% Pub Sve NJ pf (6). 126% 121 Iub Sve NJ pf (7)... 82% Pullman Corp (4) 6 Punta Alegre Sugar.. 22% Pure Ol (134)...... 77 Purity Bakeries (4). 34% Radio Corp. 53 . Radio pf A (i 19 Radio-Keith-Orph A. 33 Raybestos Man 2.60. 47 Reading 1stpf (2)... 443 Real Stlk (5). 3% Reis (R) & Co. 25% Rem Rand (50¢). . 92 Reming-Rnd 1st (7). 10% Reo Motor Car (.80). 72% Repub Ir & Steel (4). 107 RepIr & St1pf (7)... 4 Reynolds Spring. 72% Reynolds Tob A (3). 49% Reynolds Tob B (3). 22% Richfield Oll (2). 16% Rio Grande Of1 (2) 44% Ritter Dent Mfg (13) 37% Rossia In¢ (2.20).... 50% Royal Dutch (23.20). 105% Safeway Iltoml“). 10 31 1 2 208 42 6 6 1 2 30 221 Seaboard Alr Line pf 9% Seagrave (81.20).... 82 Sears Roebuck ($3%) 2 3 4 8 igh. Low. Cl 4% 9% 94 4% 20s 104% 104% 17% 25 56 54% 2 106% 106% 5 1374 136% 4 11 259% 254% 1 96 96 4 39% 2 245 2434 1 52% Prev. jose. Close. % 93% 5%, 623 24% 8% 5% 61% 24% 814 4 42% 30 4% 16% 34 424 524 15% 10% 18% 5 Splegel-May-St (3). %« Tran oy year—no regular rate. b Payable tn stock. oFayable In cash or stock 1 EXCHANGE The Star Office. Stock and Sales— Prev. Dividend Rate. Add 00. High. Low. Close. Close. Second Natl Inv 21% 20% 21% % 2% 8 . 9% Sharon Steel H (3).. Sharp & Dohme..... Sharp & Do pf(3%) .. Shattuck(FG)(113%) Shell Union (1.40)... Shell Un O1l pf (%) Simmons Co (g8)... Stnclair Con Ofl (2). Skelly Ol (2).. Snider Packing pf. Solvay Am In pf5%. So Por Rico Sug (2).. Southern Pacific (§) Southern Rwy (8) Spalding 1st p£(7).. 100s 1 Spang-Chalfnt pf(6) 40s Sparks Withngtn(1). 24 Spencer Kelg (1.60) Spicer Mfg Stand Brands (1%).. Std Brands pf (7)... Stand Com Tob (1).. Stand Gas & El (334) Stand G &E pf (4).. Stand Invest Corp. .. Stand O of Cal (23%). = » PR s Stand Plate Glass... Stand Plate Glass pf Stanley Co of Amer. Starratt (L §) Co(2) Sterling Sec A...... Sterling Sec pf(1.20) 2 1108 20s % Sterling See ev pf(3) Stewart-War (h3%) Stone & Webster (4). Studebaker Co (5).. Studebaker pf (7).. Submarine Boat, uto Cp (11.25).. n Cop & Ch (1).. ‘Texas Corp (3). % Tex Gulf Sul (4) Tex PC&O (b10%). Texas Pac Land Tr... Thatcher Mg (1.60). The Fair (2.40)...... The Fair pf (7)..... Third Avenue....... Thompson J R (3.60) Thompson Prod. .. .. Thompson Starret Tide Water Asso 60c. Tide Wat Asso pt (6) Tide Water Oil pf(5) Timken Det Ax 180c Timken Roller (3) Tobacco Products. .. Tobacco Products A. ntinental Oil Transue & W (1).... Trieo Prod (23). ... Truscon Stl (g1.20) .. Twin City RT pt(1). Und-Ell-Fisher (§).. Union Carbide (2.60) Union Ofl of Cal (32) Union Pacific (10)... Union Tank Car. Utd Afrcraft& Tran Utd Alrcraft&T pf 3. Utd Biscuit (1.60) Utd Carbon (2). Utd Cigar Stores. ... United Cigar Strs pt. Utd Corporation. 9y 815 24% 38% 34% ki 120% 93% 41 Rubber 1st pf. .. Smelt Ref (3%).. Smelt Ref pf 3% . U S Steel (7) Univ Plet 18t pf(3).. Univ Pipe & Rad.... Util Pwr&Lt A (e2) Vadsco Sales Corp. Vanadium (14). Van Raalte. . < Vick Chemieal (23). Virginia-Car Chem. . Vulean Detin pf Waldorf Systm (1%) Walworth Co (3). Ward Baking A..... 100s Ward Baking B..... 3 Warner Bros Pic (4). 507 War Bros P pf (3.20) 7 Warner-Quinian (2). Warren Bros (19)... Warren Bros 1st (3). Webster-Elsenlohr. . gebl r-Eisen pf(7) Penn El pf (7). Penn Pw pf (1) Westhse E&M pf (5) Weston El Ins (1)... Westvaco Chlor (2). White Eagle O11 (2). White Motors (2)... White Rock M 8 (14) White Sewing Mach. White Sw Mch pf (4) Wilcox 01l & Ga: Wilcox Rich. B (2).. Willys-Over (1.20).. Wilson & Co pf... Woolworth (2.40) Worthington Pump. low Truck & C. Yellow Truck pf. Young Spring (3)... Young Sheet & T (5). Zenith Radio. RIGHTS EXPIRE Am R Mills. .June 15 24 Balto & Ohlo.Mar 11 334 Col Carbon..Mar 11 21 Lig & Myers..Mar 12 512 145 Sales of Stocks on New York Exchange. 80 AM., 399,400 . 12:00 Noon .« 2,267,800 210 P.M....... 2,721,800 are the slf vear) % in stocl d Payable earned. in stock. g Plus 8% k Pius 3% in stock. Subject to approvai in scrip. 1 Plus % in stock P} lus 8% 1 i stock o Plus $% b stockp CHICAGO LIVE STOCK MARKET. CHICAGO, February 19 (#).— (United States Department of Agriculture).— Hogs—Recelpts, 22,000 head, including 4,000 direct; market opened 10a15 lower; later trade, ¥5a25 lower; slow at decline; top, 11.30; bulk, 150-240 pounds, 10.75a 11.15; 250-300 pounds, 10.35a10.75; butchers, medium to choice. 250-300 pounds, 10.00a10.80; 200-250 pounds, 10.40811.30; 160-200 pounds, 10.60811.30; 130-160 pounds. 9.60a11.25; packing sows, 8.75a10.00; pigs, medium to choice, 90-130 pounds, 9.00810.75. Cattle—Receipts, 8,000 head; calves, receipts, 2,500 head. Few loads choice steers steady; others slow, : - Steers, an 500 pounds, 13.00a15.50; ,100-1,300 pounds, 13.00a16.00; 950- 1,100 pounds, $3:25a16.00; common and yearlings, good and choice, (beef), 17.75a! cull and common, 7.00a9.00. and feeder steers. and medium, 8.00a10.75. Sheep—Receipts, 10,000 head; higher at 5. .00; feeding guotelle ds down, 10.25812.00. 4.75a6.00; cull and ¢ feeder lambs, good a 50810.50 medium, 850 pounds up, 8.75a13.00. Fed | pounds, 13.00a16.00. Heifers, good and choice, 850 pounds down, 11.75a14.50; common and medium, 8.00a11.75. good and choice, 8.00a10.25; eommon and medium, 5.75a8.00; low cutter and cutter, 4.75a6.00. Bulls, good and choice 00; cutter to medium, 6.75a8.35. Vealers (milk fed), good and choice, 10.00a14.50; medium, 9.00a10.00; good all weights, 10.75a11.75; common 'and | opening strong; bulk, 11.00a11.50; early top, 12,00; fat ewes, strong to 25.cents strong; lambs, good and choice, pount .00; medium, 9.75810.75; common, 8.75a9.75; medium . | to choice, 92-100 pounds, 9.00a11.35; d | ewes, medium to 150 pounds Buys Bankrupt Assets. | NEW YORK, February 19 (#).—The \lueu of the Temple Corporation o | Chicago, manufacturers of radio re- ceiving sets, which recently was peti- tioned into bankruptcy, have been geur- chased by a syndicate of business men for more than $1,000,000. Leonard C. Welling, president of the K. W. Radio Co., Inc., announced today the purchase includes the patents, good will, ma- chinery, inventory, etc. NEW TREASURY FINANCING. | NEW YORK, February 19 (#).— Member banks in the New York Fed- eral Reserve district have received pre- liminary notice that the Treasury De- partment may shortly offer a new issue of Tre: certificates to be dated "150-950 Cows, Stocker choice, market $210,000 a year, of $100 an 3 | Special Dispatch to The Star, BONDS DEPRESSED | BY NEW OFFERINGS Convertible Group Fairly Ac- tive—Domestic Group Changes Small. BY F. H. RICHARDSON. NEW YORK, February 19.—As so often has been the case since the open- ing of the year, the bond market was depressed today by a total of $39,751,000 |of new offerings. Money was un- changed and in good supply. Domestic bonds made a little head. way, perticularly United States Gov- ernment loans, which were active fol- lowing an intimation from the Federal Reserve Bank that a Treasury offering may be expected soon. It is presumed this will be the usual quarterly offering of Treasury certificates of indebtednes: They will likely be dated March 15. There were gains in Liberty 31.s, first 4%s, fourth 4,s, Treasury 4s and 3%s (1947). Convertible bonds were fairly active, with American Telephone 4155 ;}Ehlenl;l’er. l’:glammuel '"u:td‘;o a new above early , losing part of the gain later. . Junior raflroad bonds fluctuated ir- regularly, with gains in Rock Island 41;s, Erie refunding 5s, Missouri-Pa- cific 4s and 5l;s, Southern Railroad 4s and Boston & Maine 5s, Chicago & Eastern Illinois 5s, St. Paul's adjust- ments; Denver & Rio Grande Western 5s, St. Louis-San Francisco 415s, Sea- board Air Line 6s and Western Mary- land 4s. Certainteed 54s dropped 1'% points. Tractions were again strong, with the resumption of the Interborough Rapid Transit Co. of its fight for a 10 cent fare on its elevated lines. Broadway- Seventh Avenue 5s gained a point to a new high for the year. The general weakness in the foreign list was attributable in part to the lack of optimism in foreign news. French, German and English commen- tators expressed disappointment at the developments in the naval parley. France is in the throes of another po- litical stalemate. The English market continues to sag. Today's total of $13,662,000 of mu- nicipal financing included $10,670,000 Newark, N. J., 4l2s, which were offer- ed at par. Business Notes By the Associated Press. i NEW YORK, February 18.—The average price of crude petroleum in 10 producing fields was unchanged ‘last week from the previous week at $1.542 a barrel, according to the Oil, Paint and Drug Reporters. The average for the corresponding period last year was 1$1.668 a barrel. The Perryman Electric Co. of £hila- delphia, Cleveland, Chleago and San Francisco_has concluded an agreement | with the Radio Corporation of America | by which the Perryman Co. will manu- facture radio tubes under patents and patent applications held by Radio Cor- poration, General Electric Co., West- inghouse Electric & Manufacturing Co. and other affiliated companies, in addition to the patents already con- trolled by it. ‘The Bucyrus Erie Co. of Chicago has received an order for 24 large re- volving _shovels, costing more than |$1,250,000, from the Anglo-Chilean Nitrate Co. ‘The Airport Lighting, Inc., has ar- ranged a contract with the Germeral Electric Co., whereby General Electric will manufacture the Airport Lighting Co.’s special equipment. A basis of reciprocal sales policy is embodied in the contract so that General Eiectric will actively assist in gmmmlon of the system of Airport Lighting, Inc., while the latter will act as a national dealer for General Electric in the latter's air- port lighting equipment. i Washington Stock Exchange SALES. Wash. Gas 6s A—8$1,000 at 103, $5,000 at 103. | Peoples Drug Str. pfd.—10 at 103. Real Est. Mtge. & Guar. pfd.—160 at™. AFTER CALL. East Wash. Sa Bk.—30 at 30. Pot. Elec. 6% g d. it 11145, Peoples Drug Stor. pfd.—50 at 103. Real Est. Mtge. & Guar. pfd.—20 at 7%. Bid and Asked Prices. 33! 332528288 lec. cons. 57 Patomac, Electric 85 195: ash.. Alex. & Mt Vernon eif. Wash. Balto, & Annap. 5s..... Washington Gas 58 B . Rwy. & Elec. 4. MISCELLANEOUS. Barber & Ross, Inc.. 6las Cham.-Vanbit. 'Hotel 6 lub 5% seessss 8 “Title :l STOCKS. PUBLIC UTILITY. Telga. .M. Col Wash~ Cons. 8 o ¥ NATIONAL BANK. National Capital . yor 58 BaRel oo Second ai National Bank of Washingion.. TRUST COMPANY. American Seeurity & Trust Co. Continental Trus v gggsat 3 3 Potomac Security S Seventh Street United State: Washington Firem National Union TITLE INSURANCE. Golumbla Title.... . Real Estate Title & Inv. Co. of Md. com. MISCELLANEOUS. ‘ederal-Ams Federal-Ameri Lanston Monoty Merchants’ Tran: pershin, Tant k.00 u.n'."uk e. & tnv. pll'd' iy g i A urity “Aor, ?l: Hfll. & wr Susnsss & FR- 8 & F ot i Gun=g.3 ¥ FINANCIAL. Received by Private Wire Direct to The Star Office UNITED s*r.nn ¢ Sales. % 17 101 Lib4th 4%.. 351 1017 US3%s 47.. 44 99 5 10029 100 30 1013 1014 1 9919 9919 9919 2 10620 106 18 106 18 Close. 998 1 11020 11020 110 20 FOREIGN. Argentine 5s. 5 Argentine May Australia 5s Australia 53 1957. Austria 7s Bank of Chil Bank of Chile 6% Belgium 7s 1955. . Belgium s 1966 | Belglum 714 Belgium 8s. Bolivar 7s 58. Con Pow Japan 7s. . Copenhagen 43 53, Copenhagen s et Cuba 6%s. Czecho 88 1952 Danish Munie 85 B. 91% 100% 104% 101% 102 106 /614 100% 106% 114% 121 89% 90 1071 102% 864 101% 96% Bast 147.... Dutch East I 6s 62. Fiat 7s war 46 Finland 53 Frameriean 7% French 7s. French 7%, German Bank 6s°3. German E1 P 6%s . German 7s. . Ger Gen Elec 7 Greek 65 1963, Hungary T%s.. Irish Free State 5s. Ttaly 7 Ttallan Pub 8 7s.... %s. Jugoslavia Bank 7s Karstadt 6s 19, Orfent dev 5% 68 Orient Dev'mt 6: Paris-Ly-Med ¢s. Rhine Wst EP 6s §2 Rhine West 6s Rhine Wst EP 7x 60 Rio de Janelro 6%s Rio de Jan 85 19 Rio Grdo Sul Toho El Pow s 32, Toho El Pow 7i Tokio 5348 196 Utd Kingm 5%w 37. Unt S S Copen 6537 10 Uruguay 6s 19/ Low Close. 89U 104 94 95 102% 107 110% 107% 116 105 100 103% 89 8914 101% 6% 99% 91 96% 100 110% 109 91% 100% 104% 101% 101% 106 8614 100% 106% 114% 120% f9% 901 102% 86 101% 9614 1034 13% 20% 107% 101 106 %0 92 100% T4% 99% 69 MISCELLANEOUS. 8 Abitibl Pa&P 5s’63. 5 83 Abram&Straus 6%s 2 991 Ajax-Rubber 88 Alleghany Cp 1024 102% 99% 104% 101 Allis Chalmrs §s 4 Am Agri Chem T%s 1 AmChem 5348 & Am Cotton Of1 3 Am Smit& R 1st Am Sugar Ref 6 Am T&T ev 4 %8 Am Tel&Teleg 58'65 71 Am T & T el tr 6 18 AmMT&Ts 5 Am Tel & Tel 41 s 10 Am Wrtg Pap Armour&Co 4% Armour Del § Atl Gulf 53 59 Atlantic Refin Bell Tel Pabs B Bethlehm Stl pm Bklyn Edison s... Certn-Td §%s rets.. Gen Cable 5345 47 Gen Mot Ac Cor Gen Pub Serv § o S arm Danlie mabee o aREANO©N0 NHAA RANO M- Hoe & Co 6%s Humble O & R bs. . Humble O & R 5% s Inland Stl 4%s 78 Int)] Int Paper 68 47..., 22 Int Tel & Tel 434s. Int Tel&Tel 4 260 Intl Tel&Tel 6 Kan City P & Lt & Laclede G 63%4n Lautare Nitrate Liggett & Mye! Manat! Sugar 7 McC'rmick ER Midvale Steel Montana Pw deb 5s. Mor's & Co 1t 4%e. Nat Dairy 6%s.... 17 99% 2 81 6 98% 894 .| Long Is 5537 % RTArk &L 4%s N Y Edison 5s 44 N Y Edison 6% N Y Tel 6s41... N Y Tel 65 49 110% 110% North Am Edis 6s.. 38 101% 100% No Am Ed 6%s 9 100% 100% Nor Ohfo Tr&L 100% 100 Pacific Gas & EI bs. 101% 101% PacT& T 1stbs... 102 102 Pan Amer Pete 6s.. 3 102% 102% Paramount 651947, 99% 9yl Pathe Exchange 7s. Peoples Gas 5s. Phila Co 58 67. Phila & Read 6 Phillips Petro 5% Pillsbury F M 68 Postal Tel & C 5% Punta Alegre 7 Pure Ofl 5%s . Remington Ar 6s 3! 3,113% 118% 106% 106% Richfield Of] 65 44 Sinclatr O11 6 100% St 100% Sinclair Of1 7 101% Stnelatr Crud Sin Pipe Line 5. Stand OII N J 48 % | Stana oN1 N Y 4. Sug Es Orient 7s. Tenn Cop 6s B Tex Corp v 5s 1944112 Transcontl Ol 6%s 7 United Drug 58 63.. U S Rub.ist rf 2 U S Rub T%8. Utah Pow & Lt 61 Walworth fs 45. Walworth 61/ Warner Sug Western Elec 5s. .. Westn Unfon §s 51. Westn Union 6%s. | Wick-Spen ¢ Wilson & Co 1st 6s. Win Repeat Ar 7%s Youngstn S & T bs. 101% RAILROAD. Fafs P 5 T, 9 9 2 7 A 4 5 1 3 1 5 6 3 7 Ann Arbor 4: At& Bir4s33. Atchison gen 4. Atch deb 4% s 43 Atlantic C L 1st 4. At] & Dan 1st 4 43, Ralto&Ohio zold 4 Rang & Aroos 4s 51 Roston & Maine fx. Bradway & 7th Av fs Brooklyn Elec 614 Rklvn Manhat fx. . Rklyn Un EI 55 50 Buff R & Pitts 4% Can Nat 415554 Can Nat 41557 Can Nat 4145 '68 Ches& O 4%m93A. 3 Ch&O4%s B 1995, 7 Chi&E 111 gn 68 51. Chi Gt West 4s 59 Chi MISP&PacSs’ CMSP&Pac adj5a03 ChI&ANW conv 4% s Cht Rva ... ChiRTAPrfds. ChiIRT&Paln Chi Un Sta 418 CAWIRLGea2 OCC & 8115 D, Clev Term 5% Colo & San 41 Cuba RR 58 . Cuba Ner 534x eta. . Del & Hudlst of 4s. Del & Hud Biga. 4 6 68 51 41 LaSan monwnpan=nwm 7% 104% 8415 83% 80t 95 1014 11% 111% 59% 59U 104% 10414 110 109% u East Tenn Va&Gal Brie 1st cons 4 Erte eonv 4s A Erie Gen 4= Erie cv 210 RE= 101% Fla Kast C6a 4., Gr Trunk st dh Grand Trunk 7. Gt Nor4%s 76 D. Gt Nor 5% Gt Nor zen 7 Hud & Man ref 5 11l Cent ref 4 111 Cent 45 52. 111 Cent 4s 53 Tl Cent 4% n -C-C-StL&N Int Rapld Trans Tnt Rap Tr 6s stnd. Int & G Nor 1st & Tnt & G Nor adi 6s. Int RysC A s Int Rys C A 6%sret Kan City S 3s. sas City S 5=, . Kan City Term 4s. Lake Shore 4s'31.. 1094 109% 110% 110% 96 ~ 95% o 75% 1001 88Y 2914 9874 L& N 4148 200: Louis& Nash §%: Man Ry 1st 45 90.. Market St 78 40. ... M!11 F1 Ry&Lt 4 %s Mil El Ry & L 6s 61 MStP&SSM fs etd. Mo Pacific zen Mo Pac 5s F 77. Z D N Y Rallwav 6s. Y Sus&Wn gen s i Be-~ B B Ogden & Lake Ch 4s Ore Wash 1st ds... Penna 4s 1948 stpd. Pe xen ¢ 3 o8 » AmmNpOB~ED a Pere Marq 1st §s. Philippine RR 43, Port EI P L 6: Reading gen 4435 A Reading J C4s 51.. ‘g StL IM&S xn 6831, 10 StL IM&S R&G 4s. StL&SFplds A, SIL&SF4Ys 7 StL & San Frin 2 St L&SW con 4833, 25 Sales. Hign. Low. Close. 4 103% 108% 103% 113% 106% 110% 100% 100% 100 101% 1022 102% 99% 46 1024 98 961 01t | 103% M 501 111% 597 104% 110 96 100y 110% 96 0L 90% 881 | 984 108 1124 ke 89 o2x | : B FOREIGN INTEREST INMARKET {5 SEEN Signs of Revival in Purchase of Stocks Is Noted in Street. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, February 19.—Although money rates in this country bave de- clined xhlrx}y since the middle of No- vember and there is not now the af traction for foreign lenders that caused them to transfer funds here on an enormuos scale last year, the action of the exchange indicates that both Eng- lish and French money has been moving to New York in liberal amounts and is responsible for the current quotations in sterling and francs. Both of these are now at the lowest since the ex- changes turned downward and the movement of gold from this country to Europe came to an end. Various explanations were given by bankers today for this unusual condi- tion in exchange rates. One was that as forelgners used the American bill market more than normally last Au- tumn to finance their purchases they are pur-rlng themselves for the pay- ment of these bills when they run off between now and the end of April. A second reason is that the American stock market has again attracted the foreign “investor and speculator, who has been following the upward move- ment of prices and has made commite ments that involve & considerable trans- fer of funds to this side. It is felt, too, that France is deliberately using every measure possible to stop imports of gold, and may be paying for borrowe ings made through London months ago. In spite of the low rate for money in New York these rates are still at a premium over those quoted in the open markets of London and Paris. Takin, 412 per cent as the average daily ral on call loans here this compares with slightly under 312 per cent in London and 3 per cent in Parls, or enough dif- | ference to make it profitable to nego- | tiate short-term loans in this. market, This is particularly true of French banks, which are loaded up with funds and have not yet begun to let them out in connection with their program of internal developments. Corporation NEW YORK, February 18.—The fol- corpeEation mews Breparc by Sananra corporation news lar Statisties Co., Inc., New York, for the Associated Press, News Trend. Operations in the steel indust - istered another increase in t.l;-;' ;‘st week. Production in the entire industry was at 81 cent of capacity, as against between 79 and 80 per cent in ihe week and 761, per cent two weeks the corresponding period a | year ago rate of output was at 88 per i |cent of capacity. United States Steel 4 | Corporation operations for the week were ll:etveen p::ed “mtimuuw eemt of capacity, comj wi per cent in the previous week and 80 cent two weeks ago. A 90 per cent. ings Compared with the previous week mis- cellaneous freight, merchandise L. C. L., forest products d showed in. creases. Contrasted with same week a year ago all commodities registered de- clines. - y Outstanding items ir the u::': W Glass $3.50 semi- news of the day were the | American Win preferred dividend and the tion of an extra dividend of % | Mergenthaler Linotype Co. The Companies. American Window Glass passes - annual preferred dividend of $3.50 due 'Intthh'.lm e, British South Africa earned 32 cents on common stock in fiscal year to Sep- tember 30, 1929, against 31 cents in pre- vious fiscal year. Brooklyn Manhgttan Transit January net income $6271202 after deducting $88,236 minority interest B. & Q T. Corporation against $439,808 . has arranged for - ment of $2,000,000 per cent nouapge March 1, 1930. eing: templated. Calumet & quarterly stock. In each were paid. Arizona Mining declares dividend of $1.50 on common three preceding quarters $2.50 Sales. Hish. Low. Close Sou Ry 6%s....... 33 128% 122% 123% Tex Ark FS5%840. 4 106 106 106 Tex& Pac6sC19.. 6 100% 100% 100% Unon Pac 4s 16 88 88 s Un Pae 18t rf 4 3 90 89% 90 Union Pac4%s.... 12 974 97 97 Virginia Ry 1st 5 1103 108 103 VYRy & Pbs. 4100 100 100 Whash4}s78rets 14 81 91 .9 Waoash 1st & .7 101% 101% 1014 25 100 100 100 A 97 016 808 10 98 98w 98w 871 87% 87. Wheel&LErf 4%s. 1% 91k 914 First Mortgage Loans Lowest Rates of Interest and Commission, Thomas J. Fisher & Company, Inc.s # THe, EQUITABLE TBUST COMPANY OF NEW YORK 11 Broad Street Total Resources over $900,000,000 Real Estate Investments JAMES Y, PENNEBAKER Nat.5201 1520K St. N.W. REAL ESTATE LOANS | *——e Large and small First Trust loans negotiated promptly at vailing rates and commission, ' *—o FIDELITY MORTGAGE INVESTMENT CO. 507 11th St. N.W. National 2431 Taane o Tezsoe 162nd Dividend TRy Qureerly ety 14,1930. A H. BLAIR-SMITH, Treasurer.