Evening Star Newspaper, March 4, 1930, Page 13

FINANCIAL.' REDIT BANK BOND ISSUE ANNOUNGED Federal Intermetfiafé Deber h-"fi:}“]:,. tures Are Offered at Par and Pay 4 Per Cent. BY EDWARD C. STONE. An issue of $20,000,000 debentures by the 12 Federal Intermediate Credit banks at 4 per cent, maturing in four, six, nine or twelve months as desired, has been annourced. The debentures are offered at_par and will be dated March 15. While each debenture is the direct obligation of some one of the 12 banks, the group is collectively liable for the debentures of any one of their number. The capital of the Intermediate Credit | banks is furnished by the United States Treasury, under authority of the agri- cultural credit act of 1923, and each of the 12 institutions has an authorized | capital of $5,000,000, or $60,000,000 for the group. k These banks loan funds to farmers co-operative marketing organizations and discount agricultural paper for va- rious institutions such as State and na- tional agricultural credit banks, live stock loan companies and others. $87,000,000 Drop in Bank Loans. The. Federal Reserve Board’s con- dition statement. of weekly. reporting member banks in leading cities on Feb- ruary 26 shows decreases for the week of $87,000,000 in loans and investments, $34,000,000 in borrowings from Federal Reserve banks and $22,000,000 in net demand deposits and an -increase of $23 000,000 in time deposits. Loahs and securities declined $16,- 000,000 at reporting banks in the New York district, $6,000,000 in the Boston district, and $28,000,000 at all reporting banks. “All other” loans declined $58,- 000,000 in the New York district and $64,000,000 at all reporting banks. ‘Washington Gas Election Put Off. ‘The annual election of officers of the Washington Gas Light Co. again was postponed today. When the annual meeting was held a month ago, the directors postponed the election until March 4. At today’s meeting a motion was made to put off the election for another month and the new date set was April 8. No reason was assigned for the delay. Since the last meeting of the board announcement has been made of an effort to bring about a consolidation of the Washington Gas Light Co. with the Georgetown Gas Light Co. the two companies already being under the same management. A Control of the local utility company was obtained by out-of-town interests a little over a year ago. At that time there were many rumors afloat regard- ing possible expansion and changes. Since that time, however, the company has been conducted by the same offi- cial staff and no elaborate expansion moves have been made. Last year's financial statement was one of the com- pany’s best reperts. The stock is now quoted on the local exchange at 106 bid and 130 asked. At present it 1s very inactive. Banks Planning Heavy Outlays. ‘That banks in the United States will spend $137,924,000 for buildings in 1930 is estimated in the annual building forecast compiled by the Architectural Forum. This is approximately $8,000,000 less than was forecast for 1929, but is still $1,000,000 more than the forecast for 1928. The distribution of the 1930 figures, by groups of States, is esti- mated as follows: Northeastern States, $37,806,100; North Atlantic States, $31,~ 602,800; Southeastern States, $2,092,500. Southwestern States, $10,688,700; Mid- dle States,’$48,515,300; Western States, $7,281,600. A comparison, by groups, with the figures forecast for 1929, shows increases in the estimates for the Northeastern, Southeastern and Southwestern groups. The forecast for the Northeastern States is more than double that of 1929; that of the Southeastern is almost double 'ého:ll:umt:r" for 1929.‘:nd]s:hlt of the western group also approxi- mately last year's estimate. Trading on D. C. Exchange. ‘Ten shares of Security Savings & Commercial Bank stock sold at 482 on the Washington Stock Exchange today. Federal-American National Bank stock came out at 288. Capital Traction sold at 86, Lanston at 116, Potomac Electric Power 51; per cent preferred at 1073, and the 6 per cent preferred at 1113s. One hun- dred shares of National Mortgage & In- vestment preferred moved at 47%. Bonds were quiet, $1,000 Anacostia & Potomac R. R. 5s moving at 83 and 500 Washington Gas 6s, series B, at 106. Heard in Financial District. Plans are being pushed forward stead- ily for the organization of the Ticker Club, the mutual co-operative associa- tion of the 16 local brokerage houses. Copies of the proposed by-laws have been sent to the main offices for ap- proval. Grayson M. P. Murphy, head of the brokerage firm by that name, is visiting the two local offices this week. Eugene E. Thompson of Crane, Parris zzrt:o., is in Chicago on business for the m. At the recent annual meeting, stock- holders of W. R. Winslow Co. re-elected the following officers, all of whom serve as trustees: W. R. Winslow, president; Joseph C. Klinge, secretary; L. A. Smithers, treasurer. The Erie Rallroad has asked the Interstate Commerce Commission for authority to issue $50,000,000 45-year 5 per cent refunding and improvement mortgage bonds, series of 1930, to pro- vide for refunding certain bonds now in the treasury and afford funds for general corporate purposes. The Acacia Mutual Life Association isyplanning for the April meeting here of the field advisory committee, made up of three branch managers appointed on the basis of efficiency. Robert C. Clark, president of the National Association of Securities Com- missioners, will tell “How the State Seeks to Protect the Investor” on the Halsey, Stuart & Co. radio program tomorrow night, which will be broad- cast over a chain of 37 stations. POTATO MARKET DULL. CHICAGO, March 4—(United States Department of Agriculture) —Potatoes— Receipts, 78 cars; on tracks, 265 cars; total United States Shipments, 555 cars; trading slow, market dull; W: consin sacked round whites, 2.35a2.55; Minnesota sacked round white . 2.35; Idaho sacked russets, 2.99a3.15. LEAD PRICE REDUCED. NEW YORK, March 4 ().—Leading NEW YORK STOCK EXCHANGE Recelved by Privatc Wire Direct to The Sta: Office. Notice—All stocks are sold In one-hundred share lots excepting those designated by the letter s (65s) (283s), which shows those stocks to be sold in odd lots only. . Sales of Each Stock Compiled to 12:30 P.M. - Stock and Sales— Prev. Dividend Rate. Add 00. High. Low. Close. Close. 43% 22 Abittbl Power & Pap 30% 30 a8 . 64% Abitibl P& P pf 16).. 84% 23w Adams Expr (160) . 11% Advance Rumley. .. 22, Advance Rumley pf. - 1% Atumada Lead 118 Air Reduction (3). 21 Alr Way El Ap(2% 1% Ajax Rubber. ... 7 Alaska Juneau. 8% Albany | W Paper. 23 Alleghany Corp. 95% Alleg Corp pf (5%).. 255% Allied Ch & Dye(n6) 49% Alils-Chalmers (3). . Alpha Port Cemt (3) Amal Leather. .. Amerada Corp (2)... Am Agricul Chem. .. Am Argicul Ch pf... Am Bank Note (13). Am Beet Sugar pf. .. Am Chicle Co (2% Am Com Alco(n1 60) Am Encaustie (2)... Am European Sec. Am & For Powe Am&Forn Pwr 2d pf. Am Hawallan S S (3) Am Hide & Leather. . Am Home Prod(4.20) Am lce Co tt4) . Am Ice pf (6) Am Mach & Fay «7 Am Nat Gas pt (7) Am Pow & Lt pf (6). AmP& L pfA(3%) Am P&L pf A st (5). Am Ra&Std San 13, Am Republics...... Am Rolling Mill (2). Am Safety Razor () i Am Ship & Com..... Am Shipbullding (8) Am Sm & Ref (4) Am Sm & Ref pf (7 Am Snuft Co (13%).. % Am Solvents Chem. . Am Sol Ch ev pf (3). Am Steel Fdy (3) Am Stores (2) Am Sugar Rfg Am Sumatra (3). Am Tel & Tel (9).. Am Tobacco (8).. Am Tobaccog B) (8). Am Type Fdry (8).. 1 138% Am Type Fdry pf(7) 40s 110% Am Water Wks (n1) 55 110% Am Woolen......... Am Woolen pf...... Am Writ Paper ctfs. Am Writ Paper pf (3 Am Zine LA & Sm... Am Zine pf (6)...... Anaconda Copr (7).. Anaconda W&C (3) Anchor Cap (2.40). Anchor Cap pf (6% Andes Copper (3) Archer-Dan-M (2). s Atl Gulf & W I pf(5) % Atl Refining (12). Atlas Powder (4). Auburn Auto (§4) Austin Nichols pt. Autosale: Autosoles Corp pf. Auto-StSaf RA (3). % Aviation Corp Del... Baldwin,Loco (1.75). Baldwin Loco pf (7). 30s 114 Baltimore & Ohlo (7) 12 116% Bamberger pf (634).100s 108% Bang & Aroos (3%).. 1 75 Bang & Aroos pf (7. Barker Bros(2). 10s 110% ding-Heminway.. dix Aviation (2). it & Co (2).. . Bethlehem Steel (6). Bethlehem St pf (7). Bohn Al & Brass (3). Bon Ami A (4). Borden Co (k3). Borg Warner (4). Briggs&Stratton (2), Brockway M T. Bklyn-Manhat (4) Brooklyn & Queen: Bucyrusev pf (2%). Budd (E G) Mfg (1). Butte & Superior (2). Butterick Co. Byers (AM)... % Calif Packing (4)..q. 1 Callahan Zine & L. .« Calumet & Ariz (6) Calumet&Hec(ad%). Canada Dry G A (6). Canadian Pae (10)..: 54 Caterpillr Trac 13%.. 35% Celotex (3). seese 30% Cent Alloy Steel (2). 105% Cent Alloy St pf(7). ot Chicago& N W (5) 22 Chi Pneu Tool. . 114 ChiR1&Pac (7).... 107 ChiR L& Pacpf (1). 57% Childs Co (2.40). 23% Chrysler Corp (3). 133% Coca-Cola (6) 48% Coca-Cola A (3) 14% Collins & Afkman. 68% Colo & Sou Jst pt 65% Colo & Sou 2d pf (4). 36% Col Fuel & Iron (2) 70% Col Gas & El (2). 24% Columb Graph (8’ 124 168% Columbian Carb (16) 23% Com Credit (2)...... 31% Comm Credit A (3) 36% Coml Inv Tr (£1.60). 27% Comm Solvents (31). 12% Comwlth&Sou(60¢| 99 Comm & Sou pf () 8 32 126% 1094 6714 41% 152% ~Prev. 1930.~ High. Low. % Gen Public Serv (b§) 4 Gulf Mo & North. % Hartman Corp B 1.20 Stock and Dividend Rate. Cuba Cane Sugar. Cuban-Am Sug pf. Cuban Dom Suga: Curtiss Wright Corp Curt Wright Corp A. Cushman's pf (7)... Cushman’s pf (8)... Cutler-Hammr(31) . Del Lack & W (17 Denv& RG W pt. Detroit Edison (8). .. Devoe & R. A (2.40). Diamond Match (8). Dome Mines (1)..... Dominion Strs (1.20) Drug Corpn (4)..... Dunhill Inter ($4)... Du Pont de N (14.70) Durham Hosiery pf.. Estn Roll Mill(ht2). Eastman Kodak (18) Eaton Axle & S (3) Elec Auto Lite (6).. Electric Boat. . El Pwr& Lt (1)..... ElPwr&Ltpt (7).. 1 EP&LDT 60% pd 4.20 1008 Elec Storage Bat (5) 1 Fng Pub Serv (21).. 48 Eng Pub Servetfs... 3 Eng Pub Sve pf 5). 3 Eng Pub Sve pf (53) Equitable Bldg (2%) Erie RR.... . Erfe R R 2d pf Eureka Cac Cl (4)... Evans Auto L(123%). 4 Fairbanks Co p: Fairbanks Morse (3) Fed Lt & Tr pf (6).. Fed Wat 8, A (e2.40)., ¥1d Pho Fire 112.60). Filene's pf (6%4).... 4 Firestone T&K(1.60) . Firestone T&R pf(6) First Nat Strs (2%). Fisk Rubber Fisk Rubbe Florsheim Shoe A. .. Foster Wheeler (2). Foundation Co. . Fox Film A (§4).... Freeport, Texas (15) Gamewell Co (5).... Gardner Motor, . Gen Amer Investors. Gen Am Tnk Car(34) Gen Asphalt (4) @) wa HeamnSanconic e~ o Gen Clgar (4). . Gen Electric (1.60).. Gen Elec spec (60c) . Gen’l Food Corpn (3) Gen Gas&El A (te2). Gen Ital Ed w.1. a2.61 General Mills (3)... Gen Motors (13.30).., Gen Motors pf (7) Gen Motors deb (6). Gen Outd AdvV A (4). Gen Outd Ad vte (2). - 8 - I E T 1 Gen Ry Signal (5)... Gen Refrac (t4%) Theat Equip v Gillette Saf Raz(n5). Gimbel Brothers. Glidden Co (h2). Gobel (Adolf). Gold Dust (2%) Gold Dust pf (6) Goodrich B F (4). Goodyear Tire (5) Goodyear 1st pf (7). Gotham Silk H (214) Gotham S H pf (7)., 100 oS A amSanReBRER Granby Copper (8).. Grand Silver Strs (1) Grand Unfon. Grand Unfon Yoo Granite City Stl (4). Grant (WT) (1).... Grt North pf (5).... Grt North pf et (5).. GtNetfsOP (a3%). Grt West Sug (2.80). Grt West Sug pf (7). 4 Grigsby Grunow (2). asn walFRaneankheeor Gulf Sta Steel (4) Hacken pf A (1%) Hahn Dept Stores. .. Hahn Dept S pf(614). Hall (WF) Ptg (m1) Hanna (M A) 1st (7) 50s Harb- Valkr Ref (2).200s Harti A(2). Hawalian Pineap(2) Hayes Body......... Helme (Geo H) (7). Hershey Choe (5).... Hershey Choe pf(15) Hoe (R) &C0......0 Holland Fur (et2%). Hollander & Son. .... Houdaille Her B (2) Household Prod(t4 Houston O11. Howe Sound Hudson Motor (5) Hupp Motor (£2). Illinois Central (7)., Independ O11 &G (2) 53 Ind Motor Cyele..... 265 Indn Motorcycle pt..190s Indian Refining..... 23 Indian Refining ct. 19 Ingersoll Rand (4. Inland Steel (4) laspiration (4) @ L e ) o @ - - lake Iron (1) Intl Agricultural, Intl Agripf (7). Int Combustion. ..., Inter Comb Eng pf. .. , Intl Harvester (234). Int Hydro El A (e3). Intl Mateh pf (4). Intl Mer Marine (1).. 11 Int Nickel of Can (1) 221 Intl Pap & P A(2.40). Intl Pap & Pwr C. Intl Print Ink pf (. Intl Rys Cent Am. .. Int Tel & Teleg (2). Dept St (2).... 14 Investors Equity(2). 2 Jewel Tea (4). K CP&L 1st pf B(6). 308 Kan City Sou (8). 43 Kelth-Albee-O pf (1) Kelly-Spring Tire. .. Kelly Spring 8% pf. s Kelvinator Corp. . Kendall Co pf (6) Kinney G R (1) Kol . Prev. Low. Close. Close. 1 1 128% 22% 15% | 1% BUYING SUPPORT GIVES LIST BOOST Early Declines Absorbed and Market Turns Upward. J. I. Case Leader. By the Associated Press. NEW YORK, March 4—The stock market turned upward after an early period of irregularity today, when strong buying support developed in a rather wide assortment of industrials and pub- lic utilities. Early declines of 1 to nearly 5 points in the active shares were nearly obliterated by early afternoon, when & long list of issues were selling 1 to nearly 7 points above yesterday's final quotations. J. I Case was the lar individual feature, soaring ints to 261, or more than double the | fr?wn;rscp established in the break last | tock sold as high as 509 | Fall. The last year. Early selling was inspired largely by the renewed weakness of the commodi ty markets, May cotton futures break- ing below 15 cents a pound to within a few points of the record low establish- ed last week while wheat futures drop- ped about 2 cents a bushel before the decline was checked by short covering. Call Money TIs Steady. X Call money held steady at 4 per cent, Lut supply 3)! funds was so plentiful, that a shading of the rate in the out- side market was expected. The time money and commercial paper markets were quiet, with rates unchanged. While several of the large commission houses continued to urge caution in.the making of new commitments, the stln“g resistance shown by many stocks to sell- ing pressure encouraged a resumption of pool offerings. Declaration of the regular dividend on Kennecott Copper was believed to foreshadow similar action by other leading producers, and quieted fears that the recent curtail- ment of operations would result in lower dividend payments. The anu dividends of United Light & Power Co. class B stocks were increased from G0 ts to $1. cegoslons& Maine, which dropped 9 points last week on the traditional “selling on the good news” following the resumption of dividends, rallied 6% points. Worthington Pump and Ad- vance . Rumely preferred were each marked up more than 5 point: Advances 4 Points. Intérnational Business Machines ad- vanced 4 points to 180. and Underwood- Elliott-Fish, 4 to 129%;. both new highs for the year. Easiman Kodak was marked up 41, points and United Garbon, Standard Gas & Electric, Westinghouse Electric, Interborough Rapid Transit, Crex Carpet and Co- Jumbian Carbon moved up 3 points or more, the last two attaining new peaks for the year. Consolidated Gas, Co- lumbia Gas, Brooklyn _Manhattan Transit, Marmon Motors, Houston Oil and the Oliver Farm Equipment issues also reached new high ground. Nash Motors sank to another new low for the year. POULTRY ERM. CHICAGO, March 4 (#).—Poultry, alive—Firm; receipts, 22 trucks; fow! 25a29; springs, 29; broilers, ~36a38; roosters, 20; turkeys, heavy ducks, 4 |20a22; geese, 14a15. South fenn 0il. NEW_ YORK, March 4 (#).—The South Penn Oil Co. tdoay reported net income last year of $5,139,296, equal to $4.28 a share, compared with $3,911,165, or $4.89 on a smaller capitalization in 1928. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, MARCH 4, 1930. WESTERN ELECTRIC UNITS| ARE NEARING COMPLETION Special Dispatch to The Star. BALTIMORE, March 4—The second and third units of the big plant the | Western Electric Co. is building at Point | Breeze, near here, on the Patapsco River will be completed in less than two | months, it was announced by the man- | agement. | “The two buildings already are in- closed and installation of machinery in the former will begin within a week or 10 days. The insulated wire building will add 6.4 acres to the available floor space of the Point Breeze works, Erection of the multi-story building, the largest unit of the group, will begin during the current year. Due to its im: mensity, 750,000 square feet of floor space, this structure will not be com- | pleted before the middle of 1931. | When the plant is completed ap- approximately $30,000,000 will have been expended. Some divisions of the industry are now in operation, NEGOTIATIONS ARE OFF. | Gulf States, Rolling Mill and Re- public Merger Talk Ended. NEW YORK, March 4 ().—An | nouncement yesterday that negotiations looking toward a merger of the Gulf Slates Steel Corporation with the American Rolling Mill Co. had been terminated was followed last night by an announcement that the Republic | Steel Corporation also had ended con- versations regarding a possible merger | with Gulf States The second announcement was made in a statement issued on behalf of a | committee representing, among others, the holdings of Otis & Co. and their associates. The statement said a proxy committee had been formed to oppose the management of the Gulf States Steel Co. in a proposal to require a two- thirds vote of the stockholders for any sale, lease or exchange of the company’s properties and assets. The committee’s statment said it was in favor of the “eventual inclusion of this company as a part of the larger | combination,” and that an “amendment. | to the certificate of incorporation which puts it in the power of a relatively | smali group to block a sale on fair terms desired by the majority of thei: | stockholders should be rejected. WILL HOLD STOCK. Maryland Casualty to Have Block in Potomac Mortgage Co, BALTIMORE, March 4.—The' Mary- land Casualty Co., it'is understood, will | own a substantial amount of the stock | of the Potomac Mortgage Co,, the forma-{ tion of which was announced recently. The new mortgage company, which will | have a stock capital of about $250,000, will have the same directors and officers as the Arundel ‘Mortgage Co. Charles Claggett of that company will be chair- man of the board of the Potomac Mort- gage Co. the Washington, will be president. T. How- ard Duckett, Harry N. Batchelor and | Richard N. Thompson wi dents; C. Braddock Jones secretary and Frank B. Adams treasurer. These officers and Liggin Buckler, | Townsend Scott, jr.; I G._ Sasscer, | Frederick Quellmalz, ' Albert R. Riggs | and Harold B. Claggett will compose the | board of directors. An issue of $3,000 '/ 000 first mortgage collateral trust bonds has been underwritten by a Baltimore | banking syndicate. STOCKS EX-DIVIDEND. NEW YORK, March 4 (#).— | _Company. Chi & Northwest frving Tr (N ¥) Lex Ul 6% piilll Port Alfr Pu & Pap bt Consult Us Regarding Your Maturing Mortgage. LONG-TERM REAL ESTATE LOANS WE MAKE FIRST MORTGAGES ON Apartments and of Columbia and N Business Proper in t earby Maryland and Virg RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 Mortgage Loan Correspondent New York Life Insurance Company G.M.-P. MURPHY & CO. New York Richmond WASHINGTON Philadelphia London MEMBERS New York Si tock Exchange Washington Stock Exchange Richmond Stock Exchange New York Produce Exchange New York Curb Exchange Copy of our “Fortnioh 1510 H Street tly Review” on Request Connecticut at K National 9600 F. B. KEECH & COMPANY Members of New York Stock Exchange Chicago Stock Exchange Chicago Board of Trade | loaded. | Transamerica Corp., states that there is fellow || E. Francis Riggs, director of | National Metropolitan . Bank of | be vice presi- : FINANCIAL, *¥® A—13 By the Assoclated Press. NEW YORK, March 4—For the first time in about six or seven years 12- month time loans are being offered to brokers in the money market here. Such | funds are offered at 5 per cent while the rate for loans for half that length of time have been currently quoted at 4% | to 43, per cent. The offer at 5 per cent | was interpreted in banking circles as an | indication that easier credit conditions will prevail throughout the year. Most | of the offerings yesterday remained un- | ‘The world output of lead in Jandary | amounted to 155275 tons, compared | with 160,223 tons in December and 156,~ 155 in January, 1929, according to the American Bureau of Metal Statistics. The United States’ output in January totaled 48,373 tons, as contrasted vigh 55,025 tons in December and 59,760 tons in November. Elisha Walker, chairman of the little encouragement to any hope of an extra dividend in the immediate future, and that the present dividend of $1.60 in cash and 4 per cent in stock should be considered a liberal disbursement. The registration figures for the re- cent Midwinter trust conference here last month under the auspices of the trust company division of the American Bankers’ Association, showed a new rec- ord as compared with previous years in point of widespread participation on the part of trust companies and banks from all parts of the country. Thirty- six States were represented, as were three foreign countries, ‘Trading on the New York Cocoa Ex- change was more than double the Janu- ary volume. Sales totaled 2,970 lots, with a cash value of about $9,000,000, INVESTMENT SECURITIES Wi lities Corp., 18 Wos., 6% gold el W' o355 *Tur confirmati COURTLAND NIXON, 1518 K St. Nat. 1926 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 63rd Issue of Stock Now Open for Subscription Shares of Stock, $1.00 Each Payable Monthly James E. Connelly James F. Shea President Secretary T SRR R First Trust .fld Construction Loans Applications Invited Glover & Flather 1508 H St. N.W. National 1753 compared with 1,431 lots traded in the preceding month. a Time —in every man’s life when the urge to remain active in business affairs wanes, and the desire for more ease waxes strong. {l The Voluntary Trust offers a “happy solution to this problem. You're invited to call and let us point out the advantages of such an ar- rangement. National Savings 64th i Year Real County 1417 K St Associate 1508 H Street Washington, D. C. Capital & Surplus $3,500,000.00 & Trust Co. The Oldest Savings Institution in the Disirict of Columbia Cor. 15th and New York Ave. 3, 5 or 10 Year Loans On Improved Estate IN Nearby Montgomery the nnd District of Columbia - Low Rates BOSIETELPS ZLoan Correspondent. John- Hancock Mutual Life iInsurance Co. National 9300 Mackubin, Goodrich & Co. Established 1899 BANKERS Members New York Stock Exchange Baltimore Stock Exchange Members New York Curb Exchange wires and telephones to principal markets. Redwood and South Streets, Baltimore, Md. FIRST money 6%2% INVEST AND FORGET There fluctuations to be reckoned with when you place your investment MORTGAGES ABOUT IT are no speculative in our FIRST MORTGAGES They have a fixed value, cov- ering a term of years, and pay a definite, unvarying interest—a check for which is mailed to you from this office promptly at each six-month period. Over a Third of a Century Without a Loss Ta ay Kraft Ph Ch pt (6%) (S8)Co(1.60) . r&Toll (1.34). Kroger Gr&Bak(n1). Kuppenheimer (2).. 308 Lago O11 & Trans. La; 13% Congoleum-Nairn. 45 Congress Cgr (15%). 44 Consol Cigar (7). ... Liverpool Cotton Exchange, Ltd., (Assoc. Members) New Yerk Cotton Exchange New Orleans Cotton Exchange ‘Bremen Cotton Exchange (Assce. Members) Winnipeg Grain Exchange N. Y. Coffes & Bugar Exchange, Inc, Rubber Exchange of N. Y., Inc. refiners reduced the price of lead yes- teraay from 6.10 cents to 6 cents pound, New York. The price at St. Louls was Teduced to 5.85 cents. BUTTER FIRMER. CHICAGO, March 4 _(#).—Butter firmer; receipts, 13,797 tubs; creamery extras, 34; standards, extra firsts, 333314 firsts, 301,a32; seconds, 29a30. Eggs unsettled; receipts, 20,529 cases; extra firsts, 2415; graded firsts, 23%;a 23%; ordinary firsts, 22a23. Art Metal Prospers. NEW YORK, March 4 (#).—Art Meta] Construction earned net profit of $1,049,- 986 in 1929, against $746,617 in 1928, ‘WARNER QUINLAN C0. NEW YORK, March 4 (#).—Warner Quinlan Co., has declared a quarterly dividend of 25 cents, formerly paid 50 % cents q o’ ” 114% May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. DIRECT PRIVATE WIRES —_— & 5 Bl el et uting Swrmenenon - TN H CORNER 17TH ST5 N. W., WASHINGTON NEW YORK 24% Coty, Ina (k2). 25% Cream of Wht(t3%) 9" Crex Carpet 1e* Croiiobte b o B ot Aon rue 110 Cruetble Steel pf (7), 308 114 114 114 243 Loulstana onl, ., . uG&ElA (1 . Louts & Nash (13, 82% Ludlum Steel (3). THERE IS NO SUBSTITUTE FOR SAFETY