Evening Star Newspaper, March 19, 1930, Page 14

- BILL PROVIDES TAX ON MARGIN SALES, McLeod Measure Would Make Levies From 1 to 50 Per Cent. BY EDWARD C. STO! Representative Clarence J. McLeod yesterday introduced a bill in Congress to provide a tax on the sale on margin of corporate securities, in an effort to slow up or discourage this class of trading on the New York Stock Ex- change. The bill would levy a tax ranging from 50 per cent down to 1 per cent, depending upon the unount' of margin involved in the transactions. According to the terms of the bili, for each dollar or fractien thereof of the purchase prt‘cel.m an addition tax would vied follows: b';here :k‘w margin furnished by the purchaser does not exceed 70 per cent of the purchase price, 1 cent on the dollar. ‘Where the margin furnished by the purchaser does not exceed 65 per cent of the purchase price, 3 cents. Where the margin furnished by the purchaser does not‘ exc;ed 6& per cent f the purchase price, 5 cents. 3 Wherg the margin furnished by the purchaser does noi exgeed .2‘:‘) per cent the rchase price, 7 cents. orwheefeu the margin furnished by the purchaser does noti exc:;d 50 per cent hase price, 10 cents. O here the margin furnished by the purchaser does not ell;gefl 4:’ per cent f the purchase price, 15 cents. i Wh!‘l": the margin furnished by the haser does not exceed 35 per cent 30 cents. furnished by the ceed Snuper cent rchase price, 40 cents. e'mlhe ml%n furnished by the purchaser does not exceed 25 per cent of the purchase price, 50 cents. Explains Purposes of Bill. on small margins encol Wa‘ the stock market. Inflal of the stock market encourages further speculation. Large speculation creates an abnormal demand for call money. drawn away from became an inde- NEW YORK STOCK EXCHANGE Stock and Dividend Rate. 38 How 85% 169% 14% 52% 12 15 47 120% 61% 20% 36% 83% 38% 23% 26% 30% 387 Td% 145% 134 40 49% 121 72 2 ™ 32 20% 64 24% 46% 581 26% 20% 15% 32% Ludium Steel (2).... 90 Ludlum St pf (6%). 40% McCall Corp (2%)... 36 McGraw-Hill (2).... 61 McKeespt T P(14%). 25% MecKesson & Rob (2) 44% McKes & Rb pf(3%). 70 Mack Trucks (6).... 137% Macy(RH) & Co(n2) 11% Madison 8q G (1%). Magma Copper (5).. 51% Manhat Elev 20% Man Shirt (3).. 5% Maracaibo Oil Exp.. 17 Market St Ry pr pf.. Bwi Marlin-Rock (143 ). 20% Marmon Motor (). . 3 Marun-Parry....... 57% Mathieson Alkill (2) 115 Mathieson pf (7).... 49 May Dept Strs (n2) ‘16% Maytag Co (12)..... 29% Maytag Co pf (3 76 Maytag Co 1st pf(6). 26% Melville Shoe (2)..,. 154 Mengel Company (2) 23% Metro Gold pf (1.89). 164 Mexican Seaboard 26% Miami Copper (4)... 53 Michigan Steel (23%). 28% Mid-Con Pet (3)., % Middle States O 37 Midland Steel (3).... 90 Midland Steel pf (8). 3% Miller Rubber...... 61 Minn Hon Reg(13%) 124 Minn Moilue Pwr... Mo Kan & Tex pf(7). Missouri Pacifio..... Missouri Pac pt (5).. 28% Mohawk C Mills (3).. 38% Montgomry Wrd (3). 3% Moon Motors 58% Morrell & Co (4.40).. 1% Mother Lode (40c). . 414 Motor Meter G & E. 26l Motor Wheel (3) 12% Mullins Mfg. . 57y Mullins M£g pf (1).. 10 15 MurrayCor (b3 %stk. 35% Myer(FE)& Bro (3). 45% Nash Motors (6) 18% Nat Acme (1%) 11 Natl Air Trans, 9% Natl Bella Hess (31) 66 Natl Bel Hes pf (7).. 82 221% 177 Nati Biseult (7)..... 88% . 41 Nat Biscuit, n (2.80) 72% Nat Cash Reg.A(14). 45% Nat Dairy (32). - 20 JNatl Dept Stores(2).. 29 Nat Distiliers (2)..., 137 National Lead (18).. 27% Nevada Copper (3).. 40 Newton Steel (3). 0) N Y Chl & 8t L pf(6) N Y & Harlem (5) Norfolk Southern, Norfolk& Westn(1 (Continued From Page 13.) ——— e » Sa o FRamAes e —a e T 0 Do e ey P TP TS 90 4 2 10 11 95 60 1 . 14 10 6 113 42 5 Received by Private Wire Direct to The Star Office. ~Prev. 1930.— Stoek ana Low. Dividend Rate. 221 Seaboard Air Line pf 9% Seagrave (¢1.20).... 821% Sears Roebuck (33%) 9% Second Natl Inv..... 58% Sec Natl Inv pf (5).. 214 Seneca Copper. . 7% Servel Ine. . E 17 Sharp & Dohm " 36% Shattuck(FG)(t11%) 21 Sheil Unlon (1.40)... 100 Shell Un Ofl pf (63%) Shubert Theatres. .. Simmons Co (g3). Simms Pet (1.60).... 1 Sinclair Con Ol (3).. Sinclair Ofl pf (8)... Skelly Of1 (2)....... Sloss Sheffeld Steel. Sloss-Sheffleld pf (7) Snider Packing...... Snider Packing pf. .. Solvay Am In pf 6%. So Por Rico §ug (2). Southern Caf Ed (2). Southern Pgeific (6). Southern Rwy (8)... Southern Ry pf (5).. Sou Ry M &Oct (4 Spalding(AG) (2)... Spang-Chalfant..... Sparks Withngtn(1). Spencer Kelg (1.60). Spicer Mfg.. Splegel-May-St (3).. Stand Brands (1%). Stand Comm Teb. ... Stand Gas & El (3%) Stand G&E pf (4).. Stand O of Cal (334). Stand O1l Exp pf (6). Stand O1l N J (13). Stand Ol N Y (1.60). Sterling Ses A...... Sterling Sec pf(1.20 Sterling Sec cv pf(3) Stew-Warner (h3%) Stone & Webster (4). Superior Steel. Symington. . Symington (A)... ;.huu Cp (11.28)..; Thomp-Star pf(3% Tide Water Asso 60c. Tid: AsB0 pf (¢ Timken Det Ax(8 Timken Roller (3 Und-Ell-Fisher (8).. Union Bag & Paj 1ol Union Pacifle pf (4).. Union T'k Car (1.60). Bales— Add 00 High. Low. 25 wonSue y = o ~ewed 2:58. 24% ‘g“ " 19% 81% 21 8% 25 46% ICONVERTIBLE BOND ISSUES IN AI]VANEE[ Prime List Also Active in Heavy Turnover—Foreign Group Strong. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, March 19.—Tremen- dously increased volume featured bond trading today. This was due to the heavy trading in convertible bonds and issues with stock option features. A long list of these bonds, following an aggressive advance in stocks, went to new high prices for the year, some of them to their best prices since issue. Sales were at the rate of about $30,000,~ 000 for the session. At the same time there was no let-up in the broad advance of the rest of the bond market. Prime bonds, it is true, were inclined to stick close to the high levels they have established in the past few sessions, but junior railroad issues, semi-speculative descriptions and foreign dollar credits improved sub- stantially all along the line. ‘The further easing of time money, following the sixth comsecutive cut in acceptance rates since the beginning of the month, furnished the impetus. A total of $25,000,000 new bond offerings was not large enough to have any effect on outstanding mortgages. They were promptly disposed of and the books closed in most cases. Recently issued convertible bonds of the Baltimore & Ohio and the Chicago, Rock Island and Pacific Railroads were the most active in this group. Both are 4% per cent debentures with similar equity provisions. They sold up over a point and touch- ed levels about 8 points above their issue price of 95. This same type of buying forced up Allegheny 5s of the 1944, 1949 and 1950 maturities, Chicago & Northwestern 4%, Atchison 4148, New Haven 6s, and Southern ' Pacific 4)3s. American Telephone convertible 4128 losing part of the gain. American I. G. Chemical 51;s, American International 5%s, and Philadelphia & g Co! & Iron 6s, were also higher, the last at a new high price. Texas Corporation 55 also improved. . TRAFFIC FATALITIES. The need of more effective control of highway traffic, which took a toll of more than 31,000 lives in the United States in 1929, is strikingly reflected in figures compiled for the National Con- ference on Street and Highway Safety. These show a constant decrease in the fatality rate in relation to registration from 1913 déwn to 1924, but, apparent- Iy, with the latter year the rate again to mount upward. The number of fatalities per 1,000 cars registered, exclusive of deaths in rail- road crossing accidents and street car collisions, in 191';”'“ l.:'. .:hr“v.lb‘e lowing years record was: 3 fil." lDl.’o,’l.l!; 1916, 1.48; 1917, 1.26; 1.22; 1919, 1.05; 1920, 0.99; 1921, 0.975; 2, 0.955; 1923, 0.955; 1924, 0.88. In 1925 the rate went up to 0.885, in 1926, down to 0.86, the lowest point reached; in 1927, to 0.918, and in 1928, 97.2. wswal in progress indicate that this o o BONDS oz oo UNITED STATES. (Sales are in $1.000.) Sales. High. Low. 2:85. . 210111 10111 10111 513 102 10129 102 130 10115 1015 10115 58 10110 1016 1016 50 1062 106 106 Lib 18t 4%s. th 4 74 10824 108 24 10824 Nor States Pow és.. |PaeTa T8t 42 1137 11228 1137 FOREIGN. Sales. High. Low. 2.58. Argentine 6sJu 69, 10 Argentine May 61.. tine -0::‘ 96 96% 9% 984 103 108% 9 11% Belgium 78 1956 1 Belgium 7% 115% Belgium § Bolivar 78 68, 964 984 103% Bank of Chile 6% Bank of Chile 6% 9 103% Brazil 63%s 1926 8 R4% Brazil 6345 1927.. 102% 100% 103% 93 100% 92% Danish Munic 8s A. 109% Danish Munie 8s B. 109% Denmark §%s 3 93 Denmark 5348 65... 100% Denmark 1054 Dutch East I 47 102 Fiat 7s war 46, 104 Flat 7s ex war 92Y% went to & new high price at 163, later | F'l Ttaly 7s.... Itallan Pub Japanese . 6% Japanese 6%s. 104% Jugoslavia Bank s 86% 83% 98% 7% 02% 04 98 101% | Can Pacifie ctts 6s. 103% 103% 1 % 10814 1081 10314 | Cent of Ga 68 C §9. 103 10214 1083 | Sent Pac & FINANCIAL. YOUNG TESTIFIES 10 111 102 |Federal Reserve Board Gov- 5 101% 101 101 2 ’ s S kot ernor Gives Figures on 1 102% 102% 102% 11 105 104% 104% Branch sYs'em. 8 106 104% 105 5 1024 101% 1024 69 68 69 102% 102% 102% | By the Associated Press. 1004 100% 100%| Gov. Roy A. Young of the Federal 8% 974 9% | Reserve Board today told the House 97 |banking committee that fully one-sixth of the total banking resources of the country were tied up in group or chain banking systems. At the end of 1929, Young said, there Remington Ar 96 |were 24,645 banks and 3,547 branches, Richfleld Ofl 63 6 9 97 |or a total of 38,192 banking offices, with Pure O11 5%s'37 Rem Rnd 5% war, Walworth e Walworth 6% 35.., Warner Sug 78 39. normal seasonal activity to a slight ex- is fairly general among and wholesalers that ineclair O1) 6 100% 100% loans and investments totaling $58.- s 100% 100% d in 1 Sinclair Of 6% 102% 102 102% | 500,000,000. Of these offices, he said, Sinclatr O11 7 103% 103 103% | 6,353 were included in some branch 99% 98% 99% Ip or chain system, with loans and 97% 9T 97% | investments of $30,000,000,000. 95 94% 95 “From this, it will be seen,” he added, 103 103 108 | “that more than half the total loans Stand Ol N J 46... 27 103% 102% 102% | and investments of the country's banks Stand O1I N Y ¢%4s. 97 97 97 |are held in group, chain or branch systems.” ot d A O R e el 109%| " Young said the Reserve System had 4216 105% 104% 105% mnlmzll:rm;h:hm"ut of T,ifl'bf' ® 42 101% 100% 101% | banks oug] Bt s o e 981 96% 98 | C] and group systems, but that the 3 87% 87 87 nlflflnll" ny{:um had lost 8 100% 100% 100% avily” in the past few y?rs. . 10 100% 100% 100% ‘The larger the set-up of the group 6 93 90% 93 |or chain system the more necessary it 2 60 60 60 |Is to retain membership in the Federal 4 92 91% 92 |Reserve,” he explained. 5 106% lgzm 122% e e 1 50 4 105% 105% 105 MARYLAND BANKERS 1w e sl TQ PLAN NEW BRANCH Westn Unfon 6 61, 20 104 103% 103% | Bankers from Montgomery, Prederick Westn Unfon 634s.. 3 109% 109% 109% | and Howard Countles, in Maryland, are White Eagle O 5%.. 13 103% 103% 103% | to meet with representatives of the Wick-Spen cv 7s. 7 88 38 38 | Maryland Bankers' Association tomor- Wilson & Co 1st 11 100 100 100 | row morning at the Manor Club to con- Youngstn S & T 9 102% 102% 102% | sider formation of a unit of the State association. Ol RAILROAD. Practically all the banks in Mont- cvt4s05... 5 92 92 92 | omery County were represented at s Atchison adj 10 o1 o1 91% | FOCIT e 8t which the desire 6 95% 95% 95% | Jpiity of becoming more closely. identie 53 138% 138 138% | Nled with the Maryland Bankers' Asso- 94y 94y | clation was enthusiastically manifested. 99% 99% banks in the other two counties are said to be equally interested in the 10 94% 94% 94% | move. 28 100% 99% 99%| Several other counties in 541 103% 101% 103% | have already. formed associations 14 104% 104% 104% | their own, which have become units 17 104% 104% 104% | in the State body. The aim is a closer 1 104% 104% 104% | co. tion between the bankers all 21 110% 110% 110% | over the State to their mutual ad- Bang & Aroos 2 80 89 89 |vantage. Brdway & 7th 1 40% 40% 40% L i O R IO Boston & Maine 81 101% 100% 101% Bkiyn Elev. 8% 5 94% 94 94 HARDWARE TRADE. Bklyn Manhat 99% 100 Bklyn Un El 8 86 864 NEW YORK, March 19 (Special).— Under the stimulus of the almost coun= Buf R& Pitts44s. 2 94 94 94 evemics . of - Dpngiins 1 95% 95% 95% | weather, the Nation's hardware demand 11 96 =~ 95% 95% I has increased tibly, Hardware 68,00 27 95% 954 95%|Ave saye today n its | weekly Can Natl 58 July 9 103 102% 102% | ‘market summary. In some Can Natl 6s Oct ‘69 20 103 102% 102% ost condi Can Nor 4%s 1935.. 656 8714 86% o« 4100 100 2 102% 102% 102% 10 109 109 109 14 101% 101 ! 931 9315 CarClin& O 6s53.. Cent Pac 1st 103% 104 - R : o 3 latter increase is due to the fact that s h-x noml: States regulation has not kept pace with registration. In States stll & true guide. 91% 92 | Cresa O Corpn 102% 102% | Ches & O gen 4% . 105% 105 105% | Ches & O ¢%u 93 A. his country Nation is 99 101% 100 101% 18 100% 100% 100% 14 98 North Am(bl0%stk) 11 North Am Ed pf (6). Nor Ger Lloyd(3.41). He that the said: “I shall endeavor to apply myself . .h 'hlu’urpgunnfl I ncourage - ness, and that is what my bill does, he said. - Local Dividends Declared. The directors of the Security Savings today declared the & Commercial y Teg- ly dividend of 4 per cent, mx;‘u. to stockholders of directors of the United States Savings Bank have just declared a SRt 2 t, X " Direct of The American Security & Trust Co. voted the regular quarterly dividend of 3 per cent at a meeting late . 'The disbursement’ is ply-bm 10, to stockholders of March 31. At a meeting yesterday afternoon the d of directors of the Merchants Co. declared the Virginian Bond Issue Out. ‘The National City Co.; Lee, Higgin- son & Co., and Kissel, Kinnicutt & Coiv Oliver Farm Kquip. . Olivr Fr Eq ev pt(3). Owens 11l Glass(n4). Pacific Coast. .. Pacific Coast 2d pf. PacificGas& K (3).. Paramount-F-L (4). Park & Tilford (33). Parmelee Trans 1% .. Pathe Exchange. Pathc Exchange A Patino Mi Peerless Motor Car. Penick & Ford (1) Penney (J 8) (3). Pen (JC) pf A (8) Coal & Coke. Pennsylvania RR(4). People’s Gas Chi (8). 38% Phelps Dodge (3). Phila Co 6% pf (3).. 08 1z 3 33 d Ga Utd Gas & Im pf (5).. Unit Plece Dye W (2) N pe & Fary (3). pe 1at pf (1.20) Realty (5. Rul .o Utll Pwr&Lt A (l.)-. Vadsco Sales Corp. Vanadium (t4).. Virginia-Car 6% pf. Vulcan Detinning (1) 14¢ Vulean Detin (A)(1). 3¢ Iy Walworth Co (2) Ward Baking A. Ward Baking B. Warner Bros Plo War Bros P pf (3.20) T SneaElenSnurnn 2Zaz ® RO Jnwasaa@ 3 08 08 9% | % | centimes. The dollar was quoted at 2 where measures recommended by the conference have been ado] the im- provement has, in the main, begn con- tinuous. —_— PARIS BOURSE PRICES. PARIS, t‘h‘:’a 19 (M»—yPflul im- urse g pm?er cent rentes, 87 francs. Five per cent loan, 102 francs 45 centimes. Exchange on London, 124 francs aw; francs 56 centimes, —_— Washington Stock Exchange Pot. R. 5‘%3&1‘000 at 83% City & Suburban 55—$2,000 at 82. aeh. R, & E. 45—81,000 at 863, . Al % .-Amer. Naf e al 3 | Ter' Ret. & Whrs. Corp. The Carpel Corp. 2335, 50 at 23%, D.cihwu—a,ooon h ™% \preR cALL. The Carpel Corp.—40 at 23%. Mergenthaler Linotype—5 at 107. Bid and Asked Prices. BONDS. 81% B2% 97% | Chicago & Alton 3 9% 99 106 * 107 103% 103% 93 23 93% % 101% 83 Porto Alegre Prague 738, Queensland 7s. Rhinelbe On 7 Rhine Wat EP 6s 63 107% 107% 99% 99% 100 100% Swiss Confed Toho El Pow ‘Toho El Pow 7s. Tokio 6%s 1961 984 Y 9T% 107% 107% 107% 90 89% 90 82 8844 99% 65 78 98% 9% 98w N %'hw"m of most retailers' 18 103% 1084 103% | spocys; 1 93% 93% 93% Ch&O 4%s B 1996, Ches & O con §s. CB&Qistrfbs Chi&E 111 gn 68 51 Chi Gt West ¢s ! 69 CM&StPGens 874 Chi M&StP 4%s E. 96% Chi MiISP&Pacba?8230 96 CMSP&Pac adi5s03 265 T4% ChINW4Ks2037. 5 98% 98% Chi& N Weon4%s110 102 101% 102 Chi& N W 7s. 12 100% 1003 100% Herbert 22 97% 97% 97w | governor of New past few exceptions, considered T8Irly sUsTactory: e —ie s 5 90% 90% 90% 10 104% 104% 104% 2 104% 104% 104% 5 97% 97T% 9Tk 20 100 99% 99% 1, 81 81 81 Cuba Nor 5%scts.. 20 64% 64% 64% Del&Hud 1strfds 1 93% 93% 93% Del & Hud 634 « 26 104% 104 104% 10 100% 100% 100% .. 46 96 95% 96 DRG& Wsat6s78. 10 95 9% Des M&FtD 11 30 Duluth S8 & At 5s. 4% Det United ¢3%s.... 96% 87% 3% Erie ev 97% Erie Genessee Rs 213 FlaEastC6s7... 3 55 tion news prepa y Co., Inc, New York, for the Associated Press: News Trend. Steel ingot production further slight recession in Operations for the entire 741 | €raged around 74 96y | compared with T 9 86% | cent registered 96 113 54% b4k are offering today at 97 and inf 3 to yield about 4.68 per cent, $5,000,000, the Virginian Rallway Co. first mort- gage 50-year 4% per cent gold bonds, series “B,” due May 1, 1962. Proceeds from the sale of the bonds will be used to reimburse the company’s treasury for gt h i e 32 103 1024 102% | Fonda J&G 434383, 11 33 325 Alleghany s 79 103 102% 102% | Gr Trunk st db 6 Amer. Tel, & T Allls Chalmrs 6s ‘37 101% 101 101% Gt Nor 43%s 76 D. Am. Tel. & Tel. 4 : Am AgriChem 7%s 3 104% 104% 104% | Gt Nor bs. .. "2 108% 1064 106% BRcoHs & Fat 58 ; Ar Chat 14 101 100% 101 | Great Northn 1stéa 5 96 96 AmChem B3sev 9 66 107 106% 106% | Gt Nor gen 7s. 12 112% 112 Am Cotton Oi1 B 3 100% 100% 100% | Green B& W deb .. 16 28 28 32% 12 105% 105% 105% 5 9T% 97% 9% 1% 8% 29% 1 20% 2% Phila & Read C&'1.. Philip Morris (1).... Phillips Petrm (n2). P 1 PUBLIC UTILITY. Bid. Asked Amer. Tel. & T 100 548 cars, a decrease of 15,641 under the tmvlous week and 73,991 cars below he like week of 1929. Aall commodities, capital expenditures already made. The bonds are secured by direct first mortgage on 504 miles of road extend- ing from Deepwater on the Kanawha River, W. Va., through the Pocohontas and New River coal flelds, east to Sewall's Point, on Hampton Roads, at Norfolk, Va. Upon completion of present financing, $60,344,000 bonds of a total authorized amount of $75,000,000, will be outstand- ing, represented by $55,344.000, series ;:“ 5 per cent bonds, and the present e. Bond Men Here Are Rejoicing. Local bond salesmen and all others dealing in senior securities are rejoicing over the present bond trend. The Feb- ruary bond index showed a substantial advance and recent bond markets have displayed represents the recovery of more than half the loss suffered during January, which was due in large part to the wave of new financing. 95% 110 9% 25% 83% The dominant movements of the bond | = market for the past 16 years may be realized by comparison of the February, 1930, index numbers with those of Jan- uary; the 1929 high in January; the 1928 th in April; high in December. 1927; h in mber, 1926; high in June, 1925; high in November, 1924; low in October, 1923; high in Septem- ber, 1922; year's low in June, 1921: record low of May, 1920; low of 19! in December; low in 1918 in September; high of 1917 in January; low for 1916 in August; Jow figures recorded in Feb- ruary, 1915. and December, 1914. Local Market Active Today. ‘The Washington Stock Exchange ~ghowed fairly active trading today, the Carpel Co tion taking the ‘The stock opened at 23% and closed up to 23%, the day’s turnover being 240 shares. ur 50-share blocks hands and a 40-share lot after call. activity in the stock during the past few days has led to rumors that the company may merge with another food concern and also that earnings are extra good. The company declared a dividend just a few days ago. Potomac Electric Power 6 per cent preferred sold at 111%, the 5% per cent issue at 107% and Washington Railway & Electric preferred at 96 to- day. Federal-American Bank stock came w:l“ mr.iule registered 107, les ergenthaler , Drug Stores preferred- 104 and Ter- Refrigerating and Warehousing transactions. small 3 Potomac R. R., City & 4s and 5T% 114% 9% 69%, 13% 50 1 CONSOLIDATION COAL NET TOTALS $287,045 334 17% 204 mpany. 27% o 59% P Rican Am To (A) 12 P Rican Am To (B).. 97 Postal Tel & C pf(7). 45 Prairle Oll & Gas(2). 54% Prairie Pipe L (16).. 7% Pressed Steel Car.... 52% Proe & Gamble (2).. 6% Prod & Refiners..... 81% Public Serv, NJ 3.40. 92% 107% 81% 21% 4% Pure O11 (1%) Purity Bakeries ( Radio Corp......ee0 Radiopf A (3%).... Radio pf B (6)...aus Radio-Kelth-Orph A. R R Sec ICatk C( Reading 2d pf (2)... Real Silk (5). Rel & % Ritter Dent Mfg (13) N 1 3.20 96% Safeway Storestes). 48% St Joseph Lead (13). 07% St L-San Fran (8)... 92 St L-San Fran pf(6). 59% St L Southwestern. ., 4% Schulte Retall Stra. 45 Scott Paper ($1.40) 9% Seaboard Alr Line. .. Special Dispatch to The Star. BALTIMORE, March 19.—The Con- solidation Coal Co. and subsidiaries, which operate most of the soft coal mines in Maryland, Virginia and West share on the pares allied cempan; market values: at December 31, 1929, k and com- with a deficit last year of $376,- ‘the :M However, this year's figure is be- y which amounts to $856,758.29. Total income for 1929 was $4,323,704.20. President C. nual report said, in “Production was increased, not only in the face of the general industrial decline durin; to a thorough going reorganization of | Ro: sales personnel, methods ed ‘earnings were obtained | over a further hich wi new low level and a resulting competi- h was in some he Dominion Stores February sales up % cent; two months’ sgles up 4.1 it from ¥ear ago, Whi ewing Mach. White Sw Mch pf (4) Willys-Over (1.20) Willys-Over pf (7) Wilson & Co. Wrigley Wm (4) Yellow Truck & C. Young Spring (3). Young Sheet & T (5). Zenith Radlo........ RIGHTS ' EXPIRE Am Roll M., June 16 5% 1% Pac Lightg..May 1 3% SoCal Ed.... Apr2l 634,800 1 . 2,910,800 rates us given ts based op the latest quarterly f trad: thi 10% in in stock. n stoc) J. Anderson in his an- rt: e London, pound. the latter part of 1929, |Paris franc e natural upset incident and facilities. decrease in general coal carried realizations to.a crown 1] of the present coal | G0, cxown > ® SESPRTSE- 1 T LT N TOTOTvauy SIS @ 00 Noon. .. PM.. or_ball P.IP'“'.." stoc § Bavable i acrip. 1 Blus D4 1n : e s rate. b Paysble in stock. d Paysble w stock. per cent; 4 months’ sales ' cent from year ago, Plus 6% k. sibiect Sales of Stocks on New York Exchange. in the auove tables are the annuai cash declarutions. i Plus 4% L] FOREIGN EXCHANGE. (Guotations turnighed by W, 5. Bibne & C6) e e ks i 2 33E3s.353=e! & Ro! Bhab - Vanbit. Hote Ghevy Chase Club D. C. Paper MI A i'e'fl:c}fi Stor 7 Wash: Sons. ritle 6s.. . STOCKS. PUBLIC UTILITY. Washington G N. & W. Steam Potomac El 6 Potomac Eiec. S Wash: R | . ‘Balto & Annap. com.. Wash- Baito. & Annap. pfd.. ! NATIONAL BANK. National Capital . 2 Columbia Commercl District ~o38558E4E TRUST COMPANY. can Security t Co. ot . Bank el Bavings & Trust Trust..... Washington Loai SAVINGS Bank of Bethesd: & Bavi Som " Washington. * American . or Union. TITLE INSURANCE. it Columbia Title At “‘fl‘l‘l: & Inv. of M n:wnn old” merican Co, ¢ American pfd. Monots Merchants Transter & 8 fi:rehlnfl' ‘Trans. & Stor, et TRk s 1hv."Bfa © leg Drig Stores i Al Est. Mtge. & Qu ul e Glidden Co. February sales bp ’”-{".n Wec ash. Mech. up 37.7 per :nh. Medical |g=. Con 282 allacha " Am IntCor 634849 57 100% 100 100% Am NatGas6%4s 43 14 87% 85% 87 Am Smit & R 18t §i 4 101% 101% 101% e 7 108% 103% 108% 10 104% 104% 104% Am T&T ov 4%8391123 163% 160% 161% Am Tel&Teleg 55°66103 104 103% 103% 42 104% 104 104% 60 108 107 108 11101 101 101 12 91 90% 91 4 86% 854 ¥54% 34 9% 79 9% 9 102 101% 102 1 104% 104% 104% 26 101 Atlantic Refin 6 Bell Tel Pa 65 B. Bethlehm Stl pi 1 1 13 101% 101% 101% 43 96 95 96 29 95 95 95 8 564 66 56% 9 106 105% 106 15 101% 101% 101% 5 103% 103 103 1 107% 107% 107% 149 97% 96% 9T% 8 99% 99 99% 4 85 B4% Bdn 53 108% 108 103% 4 100 100 100 9 106% 105% 105% 1107 107 107 114 95K 94% 95% 4 101 100% 101 16 102% 1024 102% 4 104% 104% 104Y% 2100 99% 99% oo 40 943 9% Y4y 28 99 981 99y 92 100% 99% 100% 8 99% 99% 99% Inland Stl 4 Intl Cement Hocking Val ¢ Hud & Man 82 |d of Hud & Manref§s.. 25 994 98% 99% | sharpest declines conf I11Cent 4% 8 66.... 20 100% 1001 1003 | 80. Miscellaneous freight d I Cent Chi4%s... 20 98% 973 981 75 per cent and merchandise 1. <. 1. 31 I1-C-C-StL&NO 88, 5 106% 106% 106% t. Int Rapid Trans 68. 50 74 731 7434 Int Rap Tr s stpd.. 73 T4% 3% 74w Int Rapld Trans ¢s. 28 65 €3k 65 Int Rapid Trans 7s. 921 921 924 | Penna Gols Int&G Nor 18t 6s.. 5 104% 104 104% | Pa Ohlo & Det Int & G Nor adj 6: 3 91 92 |Peo K 1at ¢ Int Rys C A 6 77% 78 | Pere Mar IntRysCA 6 3 93% 93% 93% | Pere M 434 96 | PCC & StL6s A 80 | Philippine RR 4a. .. PortE1 P L 6s 108% 108% 304 30% 9% 984 106% 106% 100% 100% 92% 92% 98% 98% 100% 100% 9T% 98 Liehi Valen ¢ Long Is deb 68 34. . L&N ¢%82003, Man Ry 1st 45 90 984 | Reading gen &' A 1 100% 100% 100% | Reading J C 48 51.. 2099 99 99 |prarkale%s 17 59% 59 59% | St L IM&S gn 31 P ©EEG e oo mamaan Mo Pac 6%3 Mob &0 %8 17... 108 971 974 Mont Trmret 5841 19 99% 99 991 56 56 11 97% 9T% 97K reta... 12 So Pac 4%3°89 ww. 178 Sou Ry gen 44, 31 1 108% 1025 103% | Sou BY so8, 49% Ny 92% 110% 111 2 119% 119% 119% 3 91% 9 9% 21 92% 92K 92% 2 Ee &5 Se F 3 Es 5= E3 110 97% 9T 974 .o 4 106% 105% 105% war 1 924 924 924 18 102 101 102 1 103% 103% 103% 84 841 B4% 18 100% 99% 100% 5 ¥8 88 88 llard (P) % 1104 LouGas & EI 5383, 5 10215 10214 102% MeC'rmick ER 2 101% 101 Manati Sugar1%e. 3 76 76 176 Midvale Steel 6s... 14 101% 101 101% o 3... 13 102% 1024 102% Montana Pw deb §s. 10 102 101% 101% Mor's&Colsté4Ms 2 824 824 82 2114 114 114 1 126% 126% 125% lg lom % 9% 13 92% 924 92y | Term Asso ST, 35 100% 100% 100 | Term Asso St L 6 107% 107 1074 | Tex Ark FS 2 107% 107% 107 | Tex & Pac b8 21 80 77% 80 12 100% 99% 1004 6 1011 101% 1013% | Third Aveaadj . 24 1021 102% 1023 |TolStL & W s . 68 94% 95 | Tol Tr L&P 5% 182% 106 Ulstr&Del s 2 ;:t g ¢ 2227222222 0QaQa Dsgg ? 2 o 2z g ozfizoo mamke = 1] N NYW Unton Pac 4% Nor & 7 Nortolk 2% | Un Pac 18t ref ba. .. Pa 68% | Whash ¢¥%s T8 rets 82 95" 84 ‘Wabash 1s! 4 102% 102% 102% 1 904 90% 90%| West Maryland és. 87 84 83 84 2 954 94% 95y | West MA 534871 81 100 33 100% 100% 1001 | West Pacific s. 2 98 104 101% 101 101 ) WestShoredsé1.. 13 904 2 108% 108 108 Wheel&LE rf 1 9% .+ 122 104% 103% 104 WisCent gn ¢s 825 o B Ore Wash 1st ¢s... Penna 45 1948 stpd. Penna gen 43 Penn 53 '6.