Evening Star Newspaper, March 5, 1930, Page 11

FIN F H. SMITH CO.BOND HOLDERS UNITING, {Protective Body Is Named by t Out-of-Town Owners of ! Concern’s Securities. BY EDWARD C. STONE. Bt was announced today that a bond- Bolders’ protective committee is being formed by out-of-town holders of F. H. Smith Co. bonds and that the Bank of Commerce & Savings, Seventh and E streets northwest, has been designated a8 & sub-depository for these securities in_Washington. In the circular the members of the committee state that a large number of holders of the bonds have asked them to act for the protection of the inter- ests of such bond holders and goes on to state that the members of the com- mittee have agreed to act due to the following reasons: “1. Bondholders are widely located throughout the United States and there- fore can not effectively protect their interests except by acting in concert with each other, through a committee duly appointed for that purpose. “2. Legal proceedings have been in- stituted against the company and its principal officers and directors in Wash- ington, D. C.; Wilmington, Del., and New York, in which charges of waste and other acts of mismanagement are made, and for the appointment of re- ceivers. “3. A suit has been instituted against the company by the attorney general of the State of Delaware, to forfeit the company’s charter. “4, The F. H. Smith Co, Inc, has been temporarily enjoined from the sale of bonds secured by certain properties in Buffalo, New York, on an applica- tion made by the attorney general of the State, under the Martin act. “5. Other legal proceedings have been instituted against the company and several of its principal officers and di- Tectors.” Protective Committee’s Personnel. The circular further states that the members of the bondholders’ protec- tive committee are as follows: Boskey, Schiller, Marvin & Serling, n Wut Forty-second street, New York, })reunhuvde T. Allan_Golds- boro bert H. Mc- Nelll, Wuhlnmn. chairman, James L. Malcomb, Catskill N. Y.; A. M. Fromberg, New York, N. Y.; John J. w3, 'Phflmdelphh. lnd Herbert L. Davis, Washington, Urge Prompt Deposits. ‘The members of ;P& og:lmd:medme mpt depositing of the bonds and an- mml:’e that the principal depository is the Broadway National Bank & Trust Co., 261 Fifth avenue, New York City, but the bonds may also be deposited with ‘the Hdemy ‘Trust Co. of Pittsburgh, the Aldine Trust Co. of Phl].ldelphll or the Washington bank already men- tion ed. ‘The banks will issue ndegglt:bla tea to depositing bon lers an fl“omnmmce says that depositing bondholders will be kept informed of matters affecting their interests. In all such cases a certain percentage of the bonds have to be deposited before the committee can take any definite action. ‘While the majority of these bonds are held outside of Washington, many Jocal investors were consulting bank officials today regarding the best course to take in the matter. Some were ad- ‘vised to deposit them, while other bank- ers expressed the belief that it would Iu wisgr to hold them until maturity. ln-nnulnvmluu-. An to get a fair view of the outlook in the life insurance field dur- ing 1m made by the editor of Dia- mond Life Bulletins, an interest- mdlvmlty of views. ‘Questionnaires were answered by 650 insurance leaders. ‘While the answers bear largely on life insurance, yet they reflect their views on general business. lntplu of the stock break a major- agents expressed the thlt it 'm be easier to sell insurance yeaf than last. The belief was ex- E:d in 220 replies that the market 'Ml!fl have no effect on the in- surance business, 120 others said it would slow it up, while 296 for an in- Some officials said’ they felt confident over 1930, but at thesame time showed - keep-up-your-co this depression was caused largely M local conditions, poor crops, lack of Smially’ dependent on & Single industy, nt on a single industry. Some agents think they will have fo work harder to sell the same amount of insurance as last year, while ':then xpect more in large policies and less in those of $5,000 and under. January results already have been an- mounced, showing a gain in life in- surance of 5 per cent for the whole eoun‘ry, compared with January, 1929. New Firm Opens Office Here. Announcement is made today of the !ormuen of the firm of Lydon, Dlem & ivestment hnkl.nc business in high-grade listed and unlisted securities. Officers of the new firm are: Frank C. Diem, president, formerly assistant vice president of the Liberty National Bank of Buffalo; Joseph M. Lydon, well known in Boston investment circles for & number of years, vice president, and Alfred G. Nelson of Boston, assistant treasurer and cashier. ‘The firm has opened offices in_the ‘Washington Building in this eity, Buf- falo and at 50 Congress street, Boston. E. Joseph Aronoff, for 12 years secre- tary and chief clerk of the Federal Board for Vocational Education, will manage the Washington office. Bankers’ Publicity Committee Meets. The District Bankers' Association Publicity ‘and press committee held its first meeting _yesterday afternoon at headquarters in connection Wwith the coming annual convcnuon. to_be held this year at Asheville, N. C. Chairman Charles H. Doing recuzd The best methods of calling the atiention of the banking fraternity to the wonderful scenic attractions of Asheville, as well as to the program, sports, entertain- ment and other special features, were at length. In addition-te the chairman, the oth- er members of the committee include Eliot H. Thomson, Washington Loan & Trust Co.; Robert L. Flather, Ameri- ean Security & Trust Co.; Federal-American N-unnal ANCIAL. NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct t- Stock and Dividend Rate. McKeespt T Pit4%) 85l 31'% McKesson & Rob (2) ' 20% 14'% MeLellan Stores. Mack Trucks (6).. .. 137% Macy (RH) & Co(n2) 12 Madison Sq G (13%). 45 Magma Copper (5) 8 Mallinson & Co. 80 Mallinson pf (7 25% Man Elec Supply 30% Man Elev mod (d§) 20% Man Shirt (2).. 5% Maracaibo Oll Ex 17 Market St Ry pr pf. 20% Marmon Motor (2).. 37% Mathieson Alkill (2) 49 May Dept Strs (n3). 16% Maytag Co (+2)..... 29% Maytag Co pf (3) Melville Shoe (2)... 154 Mengel Company (3) Mexican Seaboard. .. Miami Covper (4)... Mid-Continent P (2). % Middle States Ol et. 90 Midland Steel pf (8). 3% Miller Rubber 61 Minn Hon Reg(13%) 124 Minn Moline Pwr.... 72 Minn Moline pr 6%. 46% Mo Kan & Texas. 1051/. 103 Mo Kan & Tex pf(1). 93 87 Missouri Pacific. . ... um 134 Mismourt Pac pf (5).. 30 Mohawk C Mills (3).. r.n 49 Monsanto Ch (1% ). 49% 38% Montgomry Wrd (3) 213 3% Moon Motors. ...... 414 Motor M GAE.. 261 Motor Wheel (3).... 12% Mullins uf: . 57% Mullins Mfg pf (7). . 18 MurrayCor(b2%stk. 35% Myer(FE)& Bro (2). 4815 Nash Motors (6). . . 121% Nash, Chat&StL (7). 18% Nat Acme (13).... 11 Natl Alr Trans. 9% Natl Bella Hess ($1) 177 Natl Biscuft ('n..... 71 Nat Bisn (p2.80).... 2! 1421 Natl Biscuit pf (7).. 72% NatCash Reg,A(14). 20 Natl Dept Stores(2).. 29 Nat Distillers (2).... National Lead (18).. Natl Pwr & Lt (1) 274 Nevada Copper (3).. 40 Newton Steel (3). 44% N Y Alrbrake (3. 167 N Y Central (8). 130 NYChi&StL (6) 180 N Y & Harlem (5 108% NYNH& Hm'“;)..‘ M. 13% Oliver Farm Equip.. 31% Olivr Fr Eqcv pt(3), 47 Oppenheimer Col (5) 333% 280 Otls Elevator (6). 36 30% OtisStee] (2%). 7 Pacific Coast. 64% 524 Pacific Gas& 95% 72 Paecific Lighting ( 30 21 Pacific Mills [ 72% Pennsylvania RR“). m 230 People’s Gas Chi (8). 162 150 Pere Marquette (18). 29% Phillips Petrm (n2) 18 Phoenix Hoslery 45 Pirelli Co(A) (p3.14)+ 60 Pittsburgh Coal, . 17% Pittsbgh Screw 1 100 Pitts Steel pf (7). 9% Pitts Terminal Cu.l. 20% Pittston Company... 275 Poor & Co (B) (3ysrs 59% P Rican Am To (A)7. 12 P Rican Am To (B).. 46 Prairie Oil & Gas(2). 103 15% 224 Tub Sve NJ pt s 108% 107% Pub Syc B&G pf(6).. 77 Purity Bakeries (I). 34% Radlo Corp. 68 Radio pf B (5) 19 Radio-Keith-Orph A ;0 RR Sec lanC“n). 3 59% 5% 39% 98% u% 92 Reming-Rnd 1st (7). um Reo Motor Car (.80).. % Repub Ir & Steel (4). lll‘&( 107 Rep Ir & Stlpf (7). .» 73% 73% Rep Ir & S pf ctfs(7) 23 Rever Cop & Bra . 4 Reynolds Spring 49% Reynolds Tob B (l)., 22% Richfleld Ofl (2)...01 161 Rio Grande Ofl (3).. 44% Ritter Dent Mfg (13) 37% Rossia Ine (2.20).... 49% Royal Dutch (83.20). 60% Rutland pfeeeceeesss 122% 96! Safeway Stores(eb) 99% 96 Safeway pf (6 109 105% Safeway Strs 57% 48% St Joseph Lead (13) 114% 107% St L-San Fran (8) 95% 92 St L-San Fran pf( 88% 87 StL Southwn pf (5 24% Savage Arms (2). 4% Schulte Retail Strs, Sharp & Do pt ( 36% Shattuck(FG)(11%), 21 Sheil Union (1.40)... s THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, MARCH 5 193§, (Continued From Page 10.) Sales— Add 00 High. Low Close Close Prev 2% 2% T3% a1 a1 3% 165% 16% 18 T 83% 81% b 146Y 1214 48% 10 20 84 124% 82% 11 258 258% 258 253% 160 160 - 155 96! 97 38 16% Prev 1930.— 104% 14% 9 127 136% 131 '9% 124% " T 26% 11% 5 Low. 100% B% 62% 22% 21% 28% 24% 56U 184 3% 119% 128 90 33 19% 13% 6 21% 36% zm 1099‘ 64 10 The Star Office. Stock and Dividend Rate. Shell Un O1l pf (5%) Shubert Theatres Simmons Co (g3) Simms Pet (1.60) Sinclair Con Oil « Skelly Ol (2) So Por Rico 8 Southern Dairies B. Southern Pacifie (8, Southern Rwy (8). Sou Ry M & O et A4 Spalding(AG) (2). Spang-Chaifant St Stand Brands (1%) Stand Com Tob (1).., Stand Gas & El (334) Stand G & E pf (4).. Stand Invest Corp. .. Stand O of Cal (2%). Stand Oll Exp pt (5). Stand O N J (12)... Stand O1l N Y (1.60). Stand Plate Glass Starratt (L 8) Co(2). Sterling Seo A...... Sterling Sea pf(1.20) Sterling Sec cv pt(3) Stewart-War (h3%). Stone & Webster (4). 0% Studebaker Co (5).. 105% 102% 9\ 54 20 8% B Sun Ol (11) Sun Ol pt (§) Submarine Boat. Superior Oil. Superior Steel Sweets of Amer (1) Symington... Symington (A) Telauto Cp (11.25) .., Tenn Cop & Ch (1)... Texas Corp Tex Gulf Sul (4). Tex PC& O (b10%). Texas Pac Land Tr. The Fair pf (1) Third Avenue ‘Thompson J R (3. Prod(2.40) ghomp-nn Starrett., 'ide Wat Asso pt (6) Tide Water Qil pf(5) Timken Det Ax 180 Timken Roller (3)... Tobacco Products A. ‘Transcontinental Ofl. % Twin City Rp T Und-Ell-Fisher Union Oll of Cal (tl) Union Pacifie (10)... Union Pacific pf (4).. 1 Utd Dyewood pt (7). United Elec Coal. United Fruit (4). Utd Gas & Imp(1.3 Utd Gas & Im pt (5)m Utd Pape: d. Utll Pwr&Lt A (03).; Vadsco Sales Corp... Van Raalte 1st pf. Vick Chemical (23%). Virginia-Car 6% pf.. Vulcan Detinning (1) Vulcan Detin (A) (1), Vulcan Detin pf (1) sh Df, A (U Wu(or! Sysum (1%) Walworth Co (3) Sales— Add 00 High. 1101% 1 11% 197 0 o SnudenTonarSanmaa -V 4 27 1 2 PR - o e SRmme » S 5 S sanrBelnmitaSonronaar 00s 20s -;‘:s.;.-#.-,.—%’-u-e-—!‘n e o ep@ed g B, ‘Ward Baking pf (7).. 1 Warner Bros Ple Bros (19)... Warren Fy&Pipe(2). Wess O & Sn pf (4).. West Penn El A (7).. gut Penn El pt (6). lhu m ot (l) NOI ton El Ins (1)... White Rock M 8 (t4) White Sewing Mach. ‘White Sw Mch pt (4 Wilcox Ol & Gas. Wright Aero (2) ‘Wrigley Wm (4, Yellow Truck &C.... Yellow Truck pf. % Young Spring (3) lnl- ot Stocks on Nnu!-t m %% stockholders. Young Sheet & T (5). Zenith Radio. ....... RIGHTS EXPIRE Am Roll M., June 16 Balto & Ohic.Mar 11 Col Carbon..Mar 11 Lig & Myers. .Mar 12 SoCal Ed..., Apr2l . 477,000 2.50a4.00; FINANCIAL. A-I1 TREASURY'S PLANS | Cox'ee wone BONIDS o scmavee] (183 LIVING COSTS LIFT PRIME BONDS| Government Issues Heavily Bought—Rails Also Score Advances. BY F. H. RICHARDSON, Special Dispatch to The Star. 0 NEW YORK, March 5.—The ap- roaching financing by the United tates Treasury, which dealers expect will be placed at a rate only slightly higher than the 314 per cent obtained last December, and the bringing out of a $20,000,000 4 per cent issue the 12 Federal intermediate credit banks at par, today served to help prime bonds and favorite junior issues of the rail- roads to higher levels. The balance of the domestic l.utllnd foreign dollar credits were irregular. United States Government long term obligations all advanced under com- paratively heaty buying. Treasury 4%s jumped 11-32 and Treuu 3%s were 12-32 higher. fourth 4';s, and 'Prel.nury 4Y,s, 45, 3%s and 3%s of 1943 all were at new high levels for 1930. This tightening of the yields in Gov- ernment securities was paralleled by advances in Baltimore & Ohio first 4s, New York Central 4s, St. Louls-San Francisco A 4s, Northern Pacific 4s and Great Northern 7s. The Northern Pa- cific Mortgage was over a point higher. Inland Steel 4!5s, Philadelphia Co. 5s, tah Power & Light 5s, and General otors Acceptance 6s were also frac- tionally improved. Most of the list of bonds with stock conversion or option features were higher with stocks at the opening and then slid into small declines later. Early in the day there was some heavy trad- ing in American Telephone 4%s at levels close to the best of the year, Liberty 3%%s, first and | B but the price later dropped to a net Prncticnlly all of the second-i railroad issues were active, Mlslcuxi- Pacific 528 and Erle Refunding 5s, both at fractionally higher prices, be- ing the features. Other gains were made by Chicago & Great Western 4s, Bt. Paul Adjustments, Denver & Rio Grande Western 5s, Erie General Lien 4s, Florida East Coast 4!%s, Missouri- Pacific 4s, Southern Railway 4s, Wabash 4ys, wute'm Maryland 4s and Boston & Maine 5. Dullness prevailed in the rest of the domestic list. Broadway-Seventh Ave- nue 5s, Chicago Railways, Hudson-Man- hattan refunding 5s and Hudson-Man; hattan income 5s showed strength. Gains and losses were numemally equal in the foreign dep: ‘The continued decline in commod; y " prices proved a curbing influence to the ad- vance in some South American bonds. Japanese issues were active at un- changed prices following the announce- ment that Japan will shortly refund in this market and in London the 4 per cent loan !llllnf due this year, There 15 £24,100,000 of it outstanding. " | IRON, COAL & COKE Co. CUTS LOSS TO $14,205 e ’I; TIron, glo‘tl & Coke'co has u pamphlet re or ended December 31, mmmwlng’:t l':‘a;. o!d:lll ,205, -tt:cf interest, depreei:h n, depletion, ef com wil net loss of $64,222 in 1928. e Income account for year 1929 com- pares as follows: ross earnis ings S Bromt sho Wi Other income Total income. 237,732 Interest, etc. R 251,937 314,208 9 st Net loss. Taeean Dividenty i Deficit .. 314,308 STANDARD GAS & ELECTRIC. & Electric have filed suit to restrain this company from carrying out une ment by which nomrol will Standard Power & Light. Washington Stock Exchange SALES. Wash. Gas 6s “A"—$100 lt 101%. Capital Traction Co.—2 at 86%, 10 at ‘b. 10 at 86%, 10 lt y & E. pfd.- it 95%. P Il. Bk.—10 lt 210. r Linotype—10 at 106%, 2 Peoples D Str. pfd.—10 at 103. Real hu{:. Mtg. & Guar. pfd.—80 at 7. AFTER CALL. ‘Wash. Gas 6s “B"—$300 at 105, $200 at 105, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telua. 4%as '3 Amer, Tel & Telga. 4%as '3 Am. Tel. Anacosti s 33332352 e 65, series B . & Elec. 48. PEETES Amer. Tel. & e Qapital Traction n ssssas o n-u'o'n-l ‘Bank''of Washington TRUST COMPANY. American Security & Trust. Contl) Trusf s 5 s SAVINGS BANK. Bank of Bethesda. e & Savings. 3136,58 | R UNIY!D STATES. i Close. . 973 P38 81014 1012 1014 288 10115 101 12 10115 30 9925 9925 9925 10 100 100 100 260 105 11 104 28 105 11 143 1082 107221082 - 146 1122 11122 112 FOREIGN. Low. Close. 9% 9% 9% 1] 9TH 9TH ITH Argentine § u L 92% 92% 92% Argentine 6s A, 98 97% 98 Argentine TR 9TH 9TH Australia 4343 82 8i1n 82 Australia 651955, 88 874 8T% 88 871 88 104% 104% 104% 84y 964 6% 102% 102% 3 108 107% 111% 111% Bank of Chile 834 Bank of Chi! Belgium §: S 108% Y% 1007% 104% 101% 101% 101% Bww BANNREN BB~ naDwan Ttaly 7s.... Ttallan Pub 8 7, Japanese 6%w Jugoslavia Bank 7s B oo = - 102% 105% PRS- 42 A - B EANaN e MISCELLANEOUS. Abitib! PagP 3 Allis Chalmrs 68 *37 l'l Am Agri Chem 7%s 1 Bell Tel PaaC.. Bethlehm Stl pm Beth Steel rf §s. Col G&E!I 5s 'llly 53 Com Invest 5% Com Invest 6x 48, , ConGasNY 5%s. Consumers Pow § Cuba Canecv Ts Cuban Am Sugar ac Duquesne l\i ¢ East Cuba Sug T%s Fisk Rub 8s. Shem venouESow aon - e Bababe w "% | Ches & O gen 438, . i Sales. High. Low. Closs. 5 101% 101% 1014 1 104% 104% 104% 6 101% 101% 101% v 1 102% 102% 102% 3 102% 102% 102% 1 104% 104% 104% 947, 12 101% 101 101% 3 102% 101% 102% 6 98% 97% 98% Nor States Pow §i Nor States Pow Pure Oll 5%s Remington Arés 32 &5 Rem Rnd 6% war.. 4 Sinclatr Of1 United Drug § U S Rub 1st rf 5 Utah Pow & Lt Wilson & Co 1st 6: Win Repeat Ar ' Youngstn S& T 6s. 32 101% lAILRoAD. Atchison adj 4 Atchison ge! Atch deb 4%s n AtlantieCL ¢ Atl & Dan 1st ul. Balto&Ohlo gold 4s. B&Ocviys. B&Orf Bang & Aroos 48 51. 9 Boston & Maine §s. 25 Brdway & 7th Av6s 1 Bklyn Elev. 6% 1 Bklyn Manhat 6 33 Buff R & Pitts 4%s. 10 Bush Term con bs.. 1 Can Nat 4%s 57, Can Nat 4%s '68 Canada Na Canada Sou % 99% 99y Central of Ga. “'o- 104% 104% Cent Pao 4s. 92. 921 1 103 103 . 22 100% lgg mm 98% Ches& O 4% 93 A, 95 95% 32 CMSP&Pac 0415803 Chi & NW gn 3%s. . Chi & NW gen ¢s, . Chi& N W con 4% s Chi & NW ref 6 Chi & NW 634 Chi Cht Chi 1 & R: R R R T Cht Chi TH. Del & Hud 1st rf 4 Del & Hud 6%, Del & Hud s Erle conv Ex ¥ Erle (Pa) elt tr ¢ Fla Fast C 58 7 Fonda J&G 4% Gr Trunk st 4b 6s. . GtNor4%sE... Great Northn 1st s 109 110% 7% 8% 95% lfl 'l % mm 104* il Y Hocking Val 4 Hud & Man 111 Cent 4s 52 Int & G Noradj 6s. Int RysCA 6%sre. TLake Shore 31 Lake Shore s 58 E nWpwnn 222222 A2, PRPEPErELErP pRRaRnn ZZ00a0a000a0 Ll 14 4 44 4% 61.130 nm "‘h“ 10 128y Helt ¢ 2225 Bgax !ng ’E INSTEADY DECLINE Lower Food Prices Likely, While Clothing and Rents Are Dropping. ‘The cost of living, which has fluctu- ated in a narrow range during the seven years since the post-war defla- tion, will probably show & moderate re- duction during 1930, says the Alexander Hamilton Institute. The following analysis of the individual items that m‘:ke up the cost of living support this view: The cost of food, which represents approximately 38 per cent of all the money which the average family ex- pends, rose during 1929 because of in- creases in the retail prices of meat, milk, eggs and potatoes. Bread. butter, sugar and coffee prices declined. These elght items represent about 75 per cent of the mnnei spent for food. Some re- duction in the cost of food s in pros- pect for 1930 providing that 1930 crop conditions are favorable. Pork pric:s may hold fairly firm because of the re- duction in the supply of hogs. There are, however, more beef cattle, milk cows and mep on the farms now than a year supply of sugar is mmfnmbe vhlle stocks of coffee are abnormally heavy. Clothing Working Lower. ‘The cost of clothing, which repre- sents 17 per cent of the average fami); expenditures, has shown a steady down. ward trend since 1923. A further de- cline is likely to be in evidence during 1930. The price of raw cotton is now 22. r cent lower than a year ago, 28.4 per cent lower, sik 7.4 per snt lower and rayon 23.3 per cent wer. Rents have been steadily declining during the past five years and are now nearly 10 per cent below the peak reached in 1924. A further downward trend this year should meet with con siderable resistance hecause of the cur- tailment in building activity during the past year. About 13 per cent of the nmn hmu’ s income goes for rent. cost of fuel and light, whizh rvpruenu about 5 per cent of the average family's expenditures, may show some reduction during 1930, I:ul any decrease will probably be moderate. Cheaper Furniture Seen. The prospect is that price cuts will be made in house furnishing goods dur- ing 1930 due to a curtailment in the demand. The drop in the number of new residences constructed during the past year is indicative of smaller pur- chases. House furnis] account for lfl&mmfiu!&alufln family's The cost of miscellaneous items has smAsprEMIL S S ly spends al cent olhld" income m“thne items 'mh in- clude such expenditures as medical fe dentist fees, street car fares and mmm-' admissions. of items lho:ldul:'ot;l;’fl: . pnru Jur} , there little Inglluflon of a dovmm trend. PRODUCE EXCHAR GE. NEW YORK, March 5 (#).—R; No. 2 Western, 82 f.o.b. (l?e' ‘lz:k“l'-!d 995 80% c.if. export. mestic, 78 s Mi . rk. Lard firmer; t, 1 .05, e e West, 10.95811.05, Other cerned, but Alle ltock.‘n ':L\:ther holding companies, never m: an exact price ence with the mu-ket ror me:r:upond tocks of the carriers intage under which buyers of investment trust shares hbor that ogmha information as to the parent company are l'llllble only at intervals and some- times not at all. Allegheny Corpora- tion was organized to tnvelt I.n railroad oec\n-luu but not to trade in them. Its statements show that it has dis- pu.c of securities from time to time presumably replaced with m.hm. but these changes were made on an investment and not on a speculative Wwhich is something more than can be said of many of nem in- vestment trusts. The um‘l set-up is attractive from the sta: t that it allows buyers of em:er the preferred st the pany, bonds carry and. in the warrants for the purchase of common stock which are :Luehed to the preferred shares. ‘The wnarket price of both bonds and Segcs. b st particuiarty ” the” pre- ut still, particularly pre- !:f-re:d give a reasonable return on the llll'n.oney, and c&nfldglfll the high bc,nl- nsorship the company _enjoys may be rated a8 sound ‘nvestments. STOCKS EX-DIVIDEND. N!w YORK, March § (#).— Rate, Period. Pavable, 3 s 23533 PO SN ears! : 2 @ 0 00200500 ;00020000000 g 23 tomatoes, crate, 1.00a3.50; ::eev”‘;{nd lln;h—nee;lgu, fie’u“o turnips, hai T, 2! bus! he supply, marl steady; 0 Temper; 35a30; apples, bushith | (H0C! I8 e GO0 Tanite, B30 to 1800 7582.50; cranberries, box, 7.00a8.0; | Perh:, me,,,', 2 ead: lght grapefrult, box, 2.50a4.25; oranges, 2.10 oy, ToarEat ey, axive h 6128 122% 4.50; strawberries, quart, 15a35, {ogs—Receipts, 200 h“n‘ light Int Tel&Tel 4% & sup- Intl Tel&Tel 68 ' <16 89 ssu Live Stock Market. x;‘l!y. n‘;nrkfi ;;udy Hlm-l, 11;110 10 11.95; 104 104 2 107% 1074 Cattle—Receipts, 100 nem light sup- | fleavies, g b roughs, 7.30 to 10.00 light | Firem G& B 206 Yo% ply. market active and steady. m.’ g 1“0; Fr B u"aa Natlonal Union. o 101 101 Hay and Grain Prices, %ulmg_- T!;l';: o H lg‘xm “a“}“ ‘Wheat—No, 2 red Winter, export, mumv. . 119% 119% 00.11.10%; No. 2 red Winter, garlicky, spot, i Ino 1;‘“ 1;:3 1.11; February, 1.15; March, 1.11; No. e ;;‘ “ ; | 3 sarlicky, no quotation, 908, Corn—No. 2 domestic, yellow, new, 109 “’9 97a98; cob corn, new, 4.6584.75. raon's Bromo Sel 85 85 85 OatsTo. 5" whtter demas P65 cori cCrmick ER 100 100 1on Tona ) o 5 o Fator id. . 95 E 99% 100 m,.:l.m {pés, none; mo change crgent pe. : 81 81 ; some liftle h.m ;rrlvlnl. buz P lg;a‘: % ic] o 4 p 103% 108% N Y Edison 6%s... 11 1125 113% EAATION 17 100 107 107 16 !uheflfil'll ww, 28 102 101% 102 u-nuu,n.. ll 101% 101% 101% BSouRY gen 48, .eas 30 o ity in) ard A. Hatton, Thomas M. Clhfll and E. C. Stone. George O. Vass, chairman of the general convention committee, was_present and spoke most enthusias- tically of the outlook for the June gath- ering. n is announced that the special train will be divided into two sections this year as llc;ner Pull:xln trains can| thin, 20; old roosters, 17a20; ducks, dled with so much more comfort e e o Bach train will mess | 17830; oid hens, 3032; Leghorns, 278 dmm; lnd club cars and will leave here | 28; guinea fowls, each, 40a65; pigeons, 6 instead of 9 o'clock in the | pair, 25a30. Eggs—Recelpts, 2527 cases; mearby | 1035; common fo plain, 800 to Today's D. C. Exchange Trading. | firsts, 2sl/.~ hennery whites, 26; duck 4" enoice, none; medium to good, ln quiet trading on the W-.shlnuam.,n, to 9.00; fair to medium, 8.00 m.n"e today Capital Traction | Butm—aoud and fancy creamery, at 86%, dropped an eighth and | pound, 32a36%; ladles, 31; store pack= lthfl eighth lower on a 32-| ed, 19a20; rolls, 25a38; process, 31%a32. ws—choice - to Share turnover. Washington Rallway| Potatoes, white, 100 258 | choice, none; medium to good, 7.50 to & Electric prelemd sold at 95%, Mer-| 270; sweet toes, barrel, 1.15a2.15; | 8,00; fair to medium, 6.00 to 7.50; plain fn Linotype sold ex dividend at| yams, barrel, 1.75a2.50; beets, basket, | to fair, 5.00 to 6.00; common to plain 08%; snd Pecples Drug Stores pre-| 3.253.50; cabbage, hamper, 7581.00; | 4.00 to 5.00. also ex dividend, moved at 103.| carrots, basket, 1.15a1.35; cawiflower,| Heifers—choice wfiflme. none; good Ten shares of Second National Bank | crate, 1.50a2.00; celery, crate, 2.00a3.00; | to choice, none; um to lood, 9.00 .25; X k changed hands at 210 and 80| jett te, 2.50a: barrel, e o T e At a2 50 1187 ntene,’ 1 u: erred registered 7. Tradi 0026, ‘{hawnd division was confined K:g 47%5‘;5 T paren o Wi Gas issues at recent levels, spinach, Saua s Baltimore Markets Special Dispatch to The Btar. BALTIMORE, March 5.— Poultry, alive—Turkeys, pound, 30a36; poor and SR O™ 3 116% 116% Satioanmid pom teers—choice to pnme none; good tn choice, 12.00 to 12.50; medium to 1135 to 12.00; fair to 1o medivm, to 11.25; pllln to fll! 9.25 to -vemnl 00 to 9. RIArk&Lé%s. ::h;;flnl"fl. 1 uou Virginia R: vynaru.. Vllvuthnml . Whash 438 78 rots 26 92 ‘Whash .+ 74 100