Evening Star Newspaper, February 27, 1930, Page 13

FINANCIAL. . CURB SHARES GAN N BROAD MARKET Extent of Operations In- creases as quy Issues Advance. . BY JOHN A. CRONE. Speciai Dispatch to The Star. NEW YORK, February 27.—After a | strong and active opening, under the | leadership of public utilities, Curb trad- ing today broadened out to include a jong list of issues seldom seen on the tape and a number of the lower-priced shares. Pivotal power and light issues, such 8s Electric Bond & Share, American & Foreign Power, Niagara Hudson, American Superpower, Electric Power iates, Associated Gas & Electric and Electric Shareholdings, advanced early in the session, but not all the gains were retained after midday. A spectacular gain was made by Public Service of Northern Illinois, up 35 points. The oils in the first few sales gave evidence of continuing the robust rally staged late in the preceding session, but they soon slackened their speed. Aside | from such favorites as Cities Service, Indian Territory and Standard Oil of Indiana, activity suddenly developed in gome of the low-priced South American oils. Two blocks of 10,000 shares each of American controlled oil fields came out and one lot of 8700 shares of Co- lumbia Syndicate sold at lowered quo- tati ions. Natural gas stocks benefitted from announcements of expansion and profits and rumors of mergers. Memphis Natural Gas and United Gas early were ‘whirled to new highs for the year. Mis- souri Kansas Pipe Line and Pacific Pub- lic Service A, both of which are related 1o the natural gas industry, also turned active. Chain stocks were another group singled out for attention today as a re- sult of earning and sales reports. Chain Stere Stocks Incorporated was up frac- tionally as Walgreen eased in early dealings. Some inactive issues, such as Kobacker Stores & Pie Bakeries of America, pointed higher. General Bak- ing common and preferred continued active and somewhat soft. Great Atlan- tic & Pacific Tea was slightly higher. Most radio dealings again converged around communication issues, such as Canadian Marconi, in which floor trad- ers see the hand of a pool, and Cable Wireless, which eased again on the thrice officially announced rejection of z: beam system by the British post ce. NEW YORK BANK STOCKS. NEW YORK, February 27 (#).— 181 275 3250 . 3400 SHORT-TERM SECURITIES (Reported by J. & W. Seligman & Co.) Allis-Chalmers Co. 55 1937.. Alum. Co. s NEW YORK CURB MARKE THE EVENING STAR, WASHINGTON, Notice—All stocks are sold in one hundred-share lots excepting those designated by the letter s which shows those stocks to be 5 125% 134% 142% 14% 1574 807 64 Stock and Dividend Rate. Aero Sup Mfg B 13% Aero Underwrit 19 Agfa Ansco. 81 Agfa Ansco p: 3% Afr Investors vte. .., 119% Ala Great Sou (17).. 126 Ala Gt Sou pf (17)... 1% Alexander Indust. .. All Amer Gen Corp. . Allegheny Gas Corp. % Allled Aviation. .. 12% Allled Mills (60e)... 14 Allied Mot Ind(1)... % Allison Drug StA... 211 Alumin Goods (1.20) 86% Am Arch Co (3) 374 Am Cit P&L A (a3). 14 AmCP&LB (b10%) 37 Am Chain (3).. 23% Am Cwith P A b10 113% Am Gas & Elec (31).. 10 Am Invest IneB..... 4% Am Investors (war). 225 Am Lt & Tract (10). 45 Am MfgCo (4)...... 11 Am Maracaibo . T4 Am Natural G . 23% Am Superpower (1). 94% Am Super 1st pf (6) §7% Am Superpow pf (§) 5 Am Yvette (new) wi. 11% Anchor Post ¥ (2)... 9% Arcturus Rad Tub: # Ariz Globe Copps €3, Arkansas Nat G A Art Metal Works(3) Asso Laund (120c).. 2213 Atlas Plywood (2)... 18 Atlas Stors Corp(31) 7 Auto Musie (A) (1).. 14 AutV Mcvprpt (2). 24% Aviation Corp of Am 1214 Aviation Credit..... 36 Axton-F Tob A 3.20 2% Bahia Corp. . 2 Bahia Corp pf. 150% Bell Tel of Can (8).., 23 Bliss Co (E W) (1). 6% Blue Ridge Corp.... 33% Blue Ridge cv pf (a3) 6% Bourjois, Inc (1).... 35% Brazil Tr & Lt (2) 2% Bridgeport Machi 11 Brillo Mfg. 21 Brown F! .40 32% Bulova cvpf (334).. 3% Burma Corp (131¢).. 11% Butler Bros (30c). .. 5 Bwana M Kubwa. 3 Cable Radio T vte... 1% Cab&Wire LtdB rets. 315 Can Marconi........ 51 Can Pacific(new)w.i. 24 Celanese Corp...... 83 Celanese Corp pf 80 Celan Cor 1st pf (1) 43 Cent Atlantic States 25% Cent Public Service. 34% Cent PSv A (al.76).. 19 Cen States El (40¢) 72 Cent Sta El pf(6)xw. 4% Centrifug Pipe (60c) 12% Chain Stores Stock. . 584 Ches & Ohio (new).. 2615 Cities Service (330¢) #8 Citles Serv pf (6)... 93 CitSP&Lpf(T)... 20 City Mach&Tool(12) % Clark Lighter A..... 63 Clev El Illum (1.60) . 18 Clev Tractor (1.60).. 52 Colgate-Pal-P (2%). % Columbia Syndicate. 1214 Com Wat Ser (b6% ) 234 Com'with Edison (8) 31 Comwlth & Sou war. 1% Comstock Tunnel. ... % C A M Coctfs. . 5 Consolidated Copper. 90% Con G: 3 Cons Instrument. ... 10 Cons Laundr! v 10% Con Retail Stra (1).. 20 Coon (WB) Co(2.80) 38 Cooper Bess pfA(3). 11% 16% 20 (65s) Low. 1% 1% 17 16% 20 20 83 83 4% 4% 180 130 132 132 2K 1% 1% 17% 64 6 1% 13 1% 12% 17% (28%s), ~Prev. 1930.~ Low. Stock and Kolster-Br (Am 8h) . Lakey Fy & Mch (1). % Land Co of Florida.. Lefcourt Real 11.85.. Lefcourt Real pf (3) % Lehigh Coal&Nav(n) 4 Lehman (The) Corp. Leonard Ol..... Ley (F T) & Co (3) Libby McNell & L. Lily T Cup (150). Lo Ine war. Loews Inc deb rts... Lone Star, new (80¢) Long Isl Light(60e) . Loulsiana Lan & Ex. Mac Marr Store: Magdalena Syndicat. Marine Mid Cp (1.20) Marland of Mexico. Marshall Field & Co.. Mavis Bottling... ... Mayflower Asso (32) Mead Johnson(133%) Memph Nat Gas Co.. i Mercantile Stors(5).. Mer Chap & §(1.60) Mesabl Iron. . Mesta Machine. Met Chain Store: M1dl Unit (b1% %) Mid Wst Util (b8%). Mid West Ut A war., Mid West Ut B war., Miller & Sons (2)... Miss River F Cp war Moody’s IS pt pf (3) Mo Kan P L (b10%). Mohawk Mining( Mountain & Gulf 8. Mount Prod (1.60). Nat Amer Co. N; Natl Fam Strs (1.60) Nat Fuel Gas (1).... Nat Investors (new) Nat Pow & Lt pf (7). Nat Pub Sv A (1.60)., Nat Rub Mach (2). Nat Steel Corp xw (3' Nauheim Phar pf. .2 Nelson (Herman)(2) 4 New Eng Pow pf (6) New Hav Clock 1%, 105's Newmont Min (34).. 22% N Y Invest (1.20) N Y Rio&Bu Af Niagara Hud P( Niag Hud Pw A war, Niag Hud Pw B wa Niles Bement Pond.. Noma El Cor (1.60) ., Noranda Mines (3).. North Am Aviation. . North Cen Tex (60c) Northern P L (t5).. North St Pow A (8).. N W Engineer (2)... Oh10 COpper.... .o Otis Elevator new. .., Outbd Mot A (1.80).. Outbeard Motor (B). Overseas Sec (1).... Pac Coast Bis pt 3.50, Pac GEEL 15t Dt 1%, Pac Pub Serv (1.30)., Pac Western Ofl. ... Pandem Ofl. % Pantepec Oil. Param C Mfg (2.40). Patterson Sargnt (2) Penna Wa & Pwr (3) Pennroad Corp. ... Peop L&P A(a2.40) Petrol Corp (1%)..n Philip Morris Ine. .. Philippe (L), A 11 Phil Elec Co pf. Pitney B P n (20c). Plymouth Oil (2) Prince&Whitely pf3. Prudential Inv...... Pub Utll Hold war, .. Radlo Products (2).. Sales— Dividend Rate. Add 00. 1 o P T N L ] o o anZad & e P T TSR L H 1Y o % 35 o 17 15 ki) 43 Raflway & Lt S (15).250s RainbowLumProd A RainbowLumProd B. Relter-Foster (40¢).. Rel'nce Managemnt., Republic Steel n wi.; Rep Steel cum pf w! Reynolds Met n 2.40 Rike Kumbler (2.20). 4 Rocklans Lt&P(92c) e Open. High. Low. Close. Kl % Kl £l Ressived by Private Wire Direct to The Star Office 307 D. C, THURSDAY, FEBRUARY 27, 1930. TELEPHONE REVENUE $254,009 IN JANUARY C. & P. Company Submits Reports to Baltimore Public Utilities Commission. | _ Telephone operating revenues for Maryland during the month of January were 81,165,608, the report of opera- tions just made by the Chesapeake & Potomac Telephone Co. of Baltimore City to the public service commission shows. Expenses during the month were $011,599, making net revenues | $254.009. | Telephone operating revenues for the 12 months ending January 31| amounted to $13,698,697. Expenses during this period were ~$10.814.848, | making net revenues $2.883,849, which is equivalent to 6.61 per cent on the | | average value of the company’s prop- | erty. The value of the telephone com- pany’s property in the State of Mary- land, as fixed by the public service commission as of December 31, 1924, | plus additions since that date, was on January 31, $44,592,030. ‘Taxes assignable to operations in January were $119,759, which was an increase of $44,594 over December last year. For the 12 months ending Janu- uary 31 the telephone company's taxes in Maryland amounted to $1,323,486. Capital expenditures for outside plant and central office equipment added to the telephone company's system in the 7% | State in January amounted to $341,895. 5% | strength in Liverpool. Retirements during this period were $203,278, making net additions of $138,617. Net additions to plant for the 12 months ending January 31 amounted to $2,406.236. During January 613 telephones were added to the system, making 208,611 in service. During the month tele- phone users made 25,676,000 local and 1,485,750 out-of-town calls, GRAIN MARKETS. CHICAGO, February 27 (Special).— The wheat market opened strong today under general buying influenced by the profit taking, but these offerings were ily absorbed. March opened 1.06'4 i May, 111'; July, 112%a After the “first half hour, 07; May, 1.1154; July, 1.12'4. higher with wheat. March opened, 81%a817; May, 86!4a86; July, 88%a88):. After the first half hour, March, 8213; May, 86%: July, 8815, Oats were firm. March opened, 41} May, 43%g; July, 43. After the first half’ hour, March, 41';; May, 43} July, 4315, Provisions were higher with hogs, 1121, | March, 1 Corn wi wheat futures here being credited to Federal Farm Board allies, the marke took strong upward swings, The direc at least temporary confidence in higher prices and to restrict scllers who be- lieved values too high based on world | conditions. An additional stimulating coming official report on farm reserves | of domestic wheat will show the total to be less than was the case a year ago. From time to time today renewals of | concentrated buying ascribed to semi- | | official sources kept the wheat futures market moving irregularly upward. Some | | of the buying from other sources was of | {a stop-loss character. Export demand for North American wheat appeared to | be somewhat enlarged, and overnight | transactions were said to total 1,000,000 bushels, largely Canadian wheat. | bbb NEW MOVIE RECORDS LIKELY DURING 1930 Keeping Up With Heavier Expenses—More Ex- Net Income port Business Seen. Special Dispatch to The Star. ‘There was some | With heavy new buying today of open entrance of such powerful influ- | ences into the trading in futures was | generally regarded as tending to restore | | factor was talk current that the forth-| FINANCIAL, By the Associated Press. Prom Yesterday's 5:30 Edition. years ago, High (1930 Low (1930). 161 Total sales, 3,017,750 shares. 10 Industrials. 93.0 go. Three years ago, weekly aver. High (1930) Low (1930). Majority of Roads May Be BY J. C. ROYLE. At least three of the great Eastern trunk line railroads are prepared to conform with the Interstate Commerce Commission’s plan for carrier consoli- dations. That is the opinion today of | railroad men in close touch with the | commission. ‘The latest communication of the com- | mission requesting the carriers to file | new applications which will conform | with the plans has been answered only by the Wabash and Baltimore & Ohio, but it is confidently expected that new or amended plans will be filed within the next few days by the Chesapeake & | Ohio System, the Baltimore & Ohio and the Wabash, which will conform in major essentials with the scheme as outiined by the regulatory body. Battles in Prospect. ‘The commission’s plans do not give any one of the three carriers all they wanted. None is likely to admit that they are satisfied, but those in close touch with the situation believe that in the main they are satisfied. The filing of applications along the lines laid down by the commission would indicate this, ni’thnugh long battles surely will be fought by all concerned over nfinor points. Submission of such applications | would be the first real step in rail mergers the country over. While roads in other sections are far from as well satisfled as the Eastern NEW SECURITIES. NEW YORK, February 27 (#)— New security offerings today include: Crown Zellerbach Corporation, $10,- 000,000 10-year 6 per cent debentures, with common stock purchase warrants, at 98; offered by Blyth & Co., Banc- america-Blair Corporation and others. | St. Louis-San Francisco Rallway Co., $8,085,000 4'2 per cent equipment trust certificates, series DD, to be issued un- der the Philadelphia plan; to be ‘dated April 1 1930, and to mature in equal annual installments of $539,000 each from April 1, 1931, to April 1, 1945, in- clusive; priced from 4.50 to 4.70 per cent, according to maturity; offered by a syndicate headed by the First Na- tional Old Colony Corporation. ‘The Western Public Service Co. (En- gineers’ Public Service Co. subsidiary) $4.500,000 first mortgage and refund: ing 575 per cent gold bonds, dated Feb- |ruary 1, 1930, and due February 1, BONDS. 919 Total sales (par value), $7,522,000. (Copyright, 1930, Standard Statistics Oo.) PUBLIC OBJECTIONS TO RAIL MERGERS EXPECTED BY I C. C. Believed Willing to Accept Plans in Principle, but Details Opposed. carriers alluded to, the commission an- ticipates the major part of its trouble in securing the desired consolidations will come from ornosition on the part of the public. Many civic and State bodies, officially and unofficially, have already made application to intervene. Some express satisfaction with the 21 plans outlined, while others declare that to put them into effect would stifie com- petition and work to the detriment of the territories and shippers involved. The actual acquisition or merging of the various roads in the different sys- tems is sure to be a long-winded busi- ness and one likely to be done plece- meal—a road at a time—as the Balti- more & Ohio has acquired the Buffalo, Rochester & Pittsburgh, and the Van Sweringen system took in the Chesa- peake & Hocking. One reason for the probable delay, after both roads and commission are in agreement, will be the fact that the law provides that in actual consolidation the combined cap- italization of the proposed merger shall not exceed the aggregate valuation of the component roads as fixed by the commission, Valuation Controversy. There still is a controversy over the fixing of valuation by the commission, despite the O'Fallon decision, which provides that valuation shall be based on replacement costs. The commission has asked Congress to place the stamp of approval on a method of bringing rate valuations up to date for rate making and recapture purposes, and it is expected that when this is done some of the difficulties will be removed. Meantime actual consolidations are likely to be delayed. It is probable that applications will take the form of a request to be allowed to “acquire con- trol” of the properties in question. This was the method followed by the Balti- more & Ohio and the Chesapeake & Ohio. Once valuations are fixed and component parts of the systems are controlled by dominant carriers, it will be comparatively simple matter to capitalization and bring about actual consolidation. (Copyright. 193 | California this season wrx A—13 1S OPENED IN WEST Sign of Spring Seen in Reports to the Department of Agriculture. A sure sign of Spring is seen in the movement of the first three cars of as- paragus from the deltas of California last week and in the opening of the let- tuce season in South Carolina, says the weekly review of the Department of Agriculture. Acreage of asparagus in is Increasec. slightly over that of last year and is the largest in the past six years. South Carolina also reports an increase, but Georgia a slight decrease. The South~ eastern shipping season will soon begin, Grapefruit movement held around 615 cars, compared with 825 last season.” Florida increased to 575 cars of grape- fruit, but Texas shipped only half a dozen. After this time last year Texas still marketed about 400 cars. Forward- ings of oranges increased slightly to 1,810 cars, or one-fourth less than the corresponding record for 1920. Florida was credited with 980 and California with 830 cars of oranges, Green pea shipments from the Im: perial Valley of California jumped to 80 cars, while the west coast of Mexico sent 150 carloads to United States mar- kets. Combined movement of 23 fruits and vegetables increased only a little to 15,775 cars and was yet 1,200 short of last season’s total during this period Potatoes, lpr‘les and oranges comprised about half the total volume. Price declines were registered for nearly all products except cabbage and apples. Spinach was returning only 40a45 per bushel basket in Southern Texas. Movement from that State to- taled 445 cars, with light shipments from South Carolina and California. Cauliflower, in pony crates, sold at 55a 65 f.o.b. Southern California points, as shipments dropped to 340 cars, NEW YORK COTTON. NEW YORK, February 27 (Special), —Cotton prices were 3 to 10 points lower at the opening of the market to- day, with evidence that the trade has not adjusted itself in new crop months, Old crops were fairly steady. ‘The opening range was: 1495, oft 10; May, 1525, off July, 1548, off 8: October (old), 15.70, off 8; October (new), 15.50; December (old), 15.90, off 7: December (new), 15.68; January (old), 16.01, off 3; Jan- uary (new), 15.78. CHICAGO DAIRY MARKET. CHICAGO, February 27 (#).—Butter steady; receipts, 6.466 tubs; prices un- changed. Eggs unsettled; receipts, 24,504 cases; extra firsts, 2615a27; 5-2;:1 firsts, 26a26%;; ordinary ts, a: Real Ethte Loans Made s Co. Money to Loan o T 4 2 st - real estate Joseph 1. Weller :.?"."3.‘.15'{-'.'.‘ e ALY Wm. Gordor'n Buchanan o Councilor & Buchanan Mlfi’.::llllflnmlfllllh National 6110-6111-6213 (Telephone Directory Omission) Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes 1930 22! i 1/,07 Root Ref cv pr pf 1.80 15 Bearing 6149 Interest Safety Car H & L(8). St Regis Paper (1). NEW YORK, February 27—Current | 1960; price at 94! and accrued inter- activity in the movie world is abreast | est to yield 589 per cent; offered by of the record-breaking rate of 1929, and | Stone & Webster & Blodgett, Inc.:| 11% Cord Corp. 56 Cosden Oil 395 Coty Soc Anon rets. . 126% 24% 126% Tn Denominations of 244 $250.00, $500.00 and $1.000.00 n. Mot. Acce; General Pet. Goodyear T. 1 Match Cars. 5 . Ma o’ 55 N Y. C &8t L 3 Phillipe Pet. Co. 5%s 1939 Corp_S%s 1937, &hell Dojon Oil 5 1047 inclair Crude Oll Co. 5'33'1438 Standard Oil N. Jersey 5s 1946 102 St L., Iron Mt. & S R. S5 1931 St. L. Southwestern Ry. 4s 1932 Swift & Co 5 1932... Tnion Oll Co._of Calif 55 1i Tnited Drug Co. 55 1955, Western Electric Co. 58,18 . 515 Wheeline Steel Corp eeling teel Corp. 4125 1953. TREASURY CERTIFICATES. e 1948. 101 8% 3 R4 181% 5% 108 B # Cresson Cons (8c) 18% Crocker Wheeler. 36% Cross & Black (334). 1% Curtiss Wright war.. 3 Dayton Alr & Eng. .. 113 Deere & Co new w.i. 21 De Forest Radio. ... 41 De Havil Air.rets 50¢ 4% Derby Oil & Refin. .. 5 Detroit Afreraft Cor. 10% Dix Gas & Utilities. . 16% Doehler Die Casting. & Dolores Esperanza. 29 Donner Steel 12% Douglas Afre: Dres(SRIMIZ A 3%. Driver Harris(new). 8% Dubiller Cond&Rax 145 Duke Power (15). 4% Durant Motors Salt Creek Prod (2) Schift (The) Co (2) Schiet & Zan (1%). Schulte Un 6e-3$1 St, Selected Industries.. Sel Ind allot cfs 5% ., Selfridge Prov S 27¢. Sentry Safety Cont. Sheaffer Pen (12%) Shenandoah Corp. ... Shenan Corp pf(a3).. Sierra Pac Eles (2).. Silica Gel ct. . Sisto Fin Corp. Skinner Organ (2%) Smith (A 0) (2) Sonora Product: S0 Am Gold & Plat. So Cal EA pf C(1%) [P SPS 3 - P » 3 1% 29 Bt 9% 73 2% 7% B56% 13 41% 61% 1% 29 T 2% 8% 73 2 T 5644 12% 41 in view of the favorable nature of fundamental trade factors, the largest aggregate business that the industry has ever experienced is to be looked for in 1930 according to a current survey of “the Standard Statistics Co. The survey says: “Our survey, indicates, however, that rising expenses, concomitant with the use of color and other media in produc- tion, will cut into the margin of 1930 profit. Total income for the industry in 1930 is, nevertheless, expected to be entirely comparable with that of the past year. New developments, such as the composition of operatic pictures, | public interest engendered by the talkie. while trade improvements, Including a i decision to make fewer and better pic~ { tures in 1930, will undoubtedly act as | probably will further stimulate the high ‘ Chase Corporation others. | MacMarr Stores, Inc., $1,000,000 7 per cent cumulative preferred stock. | with. common stock purchase warrants: | priced at $104 a share, vielding 6.80 per cent; offered by Merrill, Lynch & Co.| | and E. A. Plerce & Co. Securities and consutt WELCH Reateo Loan Specialists mal Savings & Tro: Natl 15th & N. Y. Ave. N.W. COMMODITY PRICES. | By the Associated Press. A further slump in commodity prices last week was indicated today by Cen- sus Bureau studies, though steel prod- did not participate in it. Figures which follow give the index of whole- | sale commodity prices for the week and comparable periods, constructed by using | 100 ‘as representing average prices of 1926 and selling prices for like per First Trust lnd Construction ALEX. ’ BROWN «* SONS ; Underwriters » Distributors INVESTMENT a further stimulus. { “The swing in foregin countries to. {ward wiring of houses for sound is a salient feature of the export situation. | American _producers, furthermore, are | planning production of foreign versions | of talking pictures, and possibilities along this channel are considerable.” of a composite ton of steel products: All commodities. Steel. Week ending Feb.22. 92.2 $35.24 Preceding week . 931 35.24 Same week last year. 98 36.25 Lonns Applications Invited Glover & Flather 1508 H St. N.W. National 1753 SECURITIES 25% FastGas & F Asso. 18% East Sts Pow B (1). 7% Eastern Utll Inv A.. 14 Eisler Elec (1.50). ... % 801 ElBond & Sh (b6) 103% EI Bond & Sh pf (6 24% Elec Pow Asso (1)..; Southern Corp. So Ice & Utilities B. S W Dairy Products 8 W Gas Util.. - Spanish'& Gen Reg. % Standard Motor: Stand Ol, Ind (2 Stand Oil, Kan (2). Stand Ofl, Ky (1. Stand Pow & Lit. Starrett Corp. . Starrett Corp pf ( Stinnes (Hugo) 4 Strauss Roth. Stutz Motor Car. ..., Sunray OIl (40c). Superheater (13%) Swift & Co (8)..... Swift & Co new (2).. Switt Intern'l(2%) 4 Technicolor, Inc. Texon Oil & Land Thermoid Co (2). Third Nat Inv (1). Tobacco Pr Export: Transamer (31.60). ., U'ran Con Alr Tran.. i Tr-Lux DLPS (A).. Tri-Continental Cor. Tri-Cont Corp war, Tri-Cont Corp pf(6). Tri Utilitles ($1.20).. Tub Art Silk B (10) .. Ulen & Co....... Union Tobaceo. ... Utd Carr Fastor 1.20 Uni Chem pt pf (3).. United Corp war. Unit El Ser pur wi Utd Founders(b2.35) United Gas Co...... Unit Lt&Pwr A(60¢) Utd Lt & Po pt (6. United Profit S| United Stores A. .. U S Dairy (A) (5)... 4 U S Elec Pwr ww. (Reportea by J. \& W. Seligman & Co.) te—Maturity. 1ys Mar. 15, 1 Bid . 1001-32 100 16-32 1 = * BT IO s b 1B S e T 2 93 15-32 29 15-32 9915-32 LOANS TO FARMERS, Evidence of the help extended. to farmers by life insurance companies is found in the fact that one prominent life insurance company in January made los totaling $2,000,000 on 242 farms in various sections of the country. In addition the same company made loans totaling more than $7,000,000 on residential property. Wasnincron Orrics 937 15th Street N, W, Tdlephone, National 1053 M ISP Iee-4 Gold Coin Shipment. NEW YORK, February 27 (#)—A shipment of gold coin totaling $6,260,000 has been received from Brazil by the Guaranty Trust Co. Thus far this year the bank has imported $22,052,400 in gold from that country. 82 El Sharehold pf (6).. 30% Emerson BS, Inc 1.% 14 EmpireFireIns..... 40 Empire Pwr Corp(2) 19% Emp Pub Sv A(1.80). 22% Employ Reinsur 1%. % Engineers Gold. 16 Eng P S opt war. 7 18% Europan Elec (The). 6123 86 33 8612 612 3 e e L 2 Fabries Finishing 3B A O 4las ... 99%4 9913 99 Mamx Orrics - Batvinons 17% Fiat receipts (1.25). 1% Fiat Stk deb rts Guaranteeing Satisfaction 3%, PAID ON SAVINGS ACCOUNTS This Veteran Bank Offers You More —than just prestige, and association with patronage that’s representative of the city's best. 2Ch 1 Peu T éCiz 5 e Strs RI 5728 A 4 T P 3l ‘52, » 6% Ford Mot of France., 1 Det Int Brde 615 33 103 Ford Motor Ltd R ) 33 Fourth Nat Inv. $Emb O & K5 g 9 214 Fox TheatClA.. ..o 55,48 - 75 Franklin Mfg pf (7). 2% General Baking..... 7% General Bak pf (6).. 11 Gen E Ltd rets (50c) 13 GenGas&El (A)... & Gen Laundry Mach. 32 Gen Petrol Corp w 9% Gen Rity & Utiliti Gleaner Com Har(2). 11% Globe Underwrite 1Det Int Brdg 6'zs o e 8 TOne hundred and sixteen years’ close touch with local business conditions lends definitely practical value to “Metropolitan” service—gives you access to banking facilities that are second to none, anywhere. I BJvprannanveaRuonlicemto - oBa 10 nlfl! G‘I‘SCEU_ ortis & Co 728 3 3 Nurragansett 55 51 ol Tl 8, Your Payday and other deposits are invited. 254 . . Open I{ntil 5:30 P.M. February 28th National Metropolitan Bank * 15th Street Opposite U. S. Treasury 1886—1930 44 Years of Constant Progress STOCKETTALK NO. 2 This is our Story and we're Going to Stick to it! Early Expansion Until 1900 this business con- sisted of a very modest factory, manufacturing high-grade Blank Books and Ruled Forms. In that year a Commercial Stationery Store was opened, featuring bet- ter office equipment. Thus was started a program of expansion which has continued steadily up to the present time. In 1904 new capital was added and the business incorporated as The Stockett-Fiske Co., main- taining its original ideals of honest values and exceptional urvwe.:b"rmh:u ideals are re~ ward remarkable of this business. 280% GrA&PTnv (5). 181 1214 Greenfield Tap&Die. 14% 12% Groc Stors Prod vte. 27% 24% Ground Gripper (1).. 144 131% Guilf Ollof Pa (1%). 29 28% Gunther Law (2).... 1% % Happiness Candy.... 2% 21 H'd Page p pf (19¢).. 21 20% Holt (H) & Co(1.80). 8% Hudson Bay M & S. 78 “Humble Of (2).. 374 Hydro Elec Serv (2). 10% Hygrade Food Prod. 224 Imp OIl. Can (50c). .1 20% indian Terr Mlum. .. 54% Insuli Ut inv(b6%).. 82 Insull UtIn2d pt6.. 69% InsCoof N Am (13). 17 Insurance Sec (1.40) 20% Intercoast Trade (1) % Intercontinent Petn, 17% Internl Petrol n (1) 6% Internat Product 67 Inter Prod pf (6) 32% Intl Superpow (31) 6% Internatl UtB...... 1% Internatl Utll (war), 10% Interstate Equities 40% Interest Eq cv pf 12 Irving Alr Ch (1.50 9% Itallan Superpow A.. 41% Jefferson Rlec (13%) 28% Jehnson Motor Co... 2 Jonas & Naumburg 28% Knott Corp (2.40). 29 Kobacker Stores (1. e U S Lines pf (1). U 8 Shares Fin. Unit Verde Ext (4) Universal Pictures, Utility Pw & Lt(a1). Utility & Ind. Utility Equitl Vacuum O1l (14%) Van Camp Packing. , Veeder Roof (2%)... Viek Fin Corp. ...... Waltt&BondB(1.40). Walgreen Co. ... Walker (H) (1) Watson (JW) Co. wesS . A T B LI 2<ad OLDEST National Bank in District of Columbia B ZEEs: Fanns Capital Surplus and Undivided Profits Over $2,300,000.00 @ Welch Grape Ju (12) Wenden Copper. . Western T &S (2)... Oil & Gas Zonite Prod ( RIGHTS. Chi R T & Pac Ry 1 Con Gas Balto. 4% 4% 4% 4% Eisler Elec. % % & & N & & & 8 8 8 Q00 = 229 32 % 18% 2973 g 5 ~ a "82... 86 HAAR SR ] [ri ity = BANK CLEARINGS. NEW YORK, P'ebr;x:ry 27 (Special) .— 5. ST A'year ago. New York banl clearings . $1,006.000,000 $1,742,000,000 New York b 135,000,000 185,000.000 @anBumanmn ] f: S % 8% % k) r 7% New Eng Tel&T..Apr 2 19% Pac Tel&Tel. £ 8 20% 20% 20 20 A% 2% So Cal Edison. 5 3l 8% 3% 3% 39% /.01 Trans Corp. 0L 01 01 01 2 Dividend rates in dollars based on last quarterly or semi- 261 annual payment. a iy “Ex-dividend. 1Partly exia. tPlus extra In'stock. ‘a Pavable in 2% cash or stock. bPavable In stock. d Pavable i preferred stock. STATIONER 9 E ST -N W WASHINGTON'D'C We Want Your Businesst ' balances ...... New York Pederal Reserve Bank wedits 135,000,000 174,000,000