Evening Star Newspaper, March 27, 1930, Page 15

FINANCIAL. GAIN BRINGS 90T PROFIT SALES ‘Utilities, Natural Gas, OQil and Industrial Groups in Large Turnover. BY JOHN A. CRONE. Spectal Dispatch to The Star. NEW YORK, March 27.—Public utilil- ties were leaders in today's curb session, most active thus far this year. Sales in the first two hours alone to- taled 984,300 shares, or nearly 30 per cent more than in any similar period in 1930. The sweeping advances in the utill- tles, the great number of bunched or- ders at the opening and the numerous new highs made in all sections of the list, but especially in utilities, natural €8s, oil and industrial securities, were andlng features of the session. Several successive selling waves swept a part of the early gains, especially ‘in utilities, and caused further con- Ausion by flooding the ticker to such an -extent that it was 25 minutes behind floor transactions at midday. Electric bond and share opened up 1% on a block of 19,500 shares. This came out 15 minutes after the opening, the delay being caused by the sudden buying rush. Shortly after mid- «day Electric Bond and Share was juoted around 107, or off about 17 rom {ts initial sale. American _ Superpower, rll’td in a 10,000-share lot at 317%, up ractionally, moved to a new high be: fore encountering profit-taking, Other early peaks attained in the utility list included American Commonwealth A, Eastern States Power B, Hydro-Electric Securities, International Superpower, United Light & Power A and Utilities Power & Light common. Natural gas shares were whirled with the utilities as many merger re- ports involved them. Lone Star Gas and Memphis Natural Gas were the first to move into new high ground, followed by Missouri Kansas Pipe Line and many «other issues. Although the olls, in point of volume, @mgain were overshadowed by utility Jmovements the gain scored by petro- leums in the first two hours were re- :lldlegg b:fl,fl; than those of the power Humble Oil, Ohio Oil, Cities Service, Indian Territory Illuminating and the ‘low-priced Intercontinent following a ‘Turkish well discovery repon were the Arst to Shlfl/eé their 1'9030 Penn: orporation was not espe- -clally 1cuve despite its earning 5&5- ment sho a net income for 6l which ap- aonths of $2,471,925. 0Oil Stocks BY GEORGE T. HUGHES. A co p!ete unit in the industry en- m luction, refining, transpor- marketing of petroleum and its products, Humble Oil & Refining is one of the strongest oil organizations. atis controlleg by sunanu‘ ?hue of ge“wl Versey through ownership o caj stock to an amount estimated unoffi- cially at 65 per cent. “_Capitalization consists of funded in- debtedness of a little less than $45,000,~ o y 1&!:1‘. per cent coupon matur- Ing in 1932 and one with .pson rcent ‘coupon maturing in 1937, both o! them dlnct obligations, but not secured by jortgages and both of them sel w gfld ‘well under 5 per cent, which measure of their high mvut.ment at “&5'(21 5 s ol price asd. the Soproximately pri k) e sells above par, neither of f.hem mvins any speculative attrac- ‘The stock, on the other hand, has both investment and speculative mam The Doty flzhu?&znfi':ldku h‘zbelo nually, so tha muc] w ‘that obtainable on the bonds. The ex- planation is found in the earnings. For the calendar year 1929, net available for the stock was equivalent to $10.92 a share, against $6.50 a share in the pre- ceding 12 months, and this result was accomplished in a year of exceptional difficulties in the oil trade. Carrying %0 large an amount of surplys makes if to expect that stockholders will eventually receive some additional disbursement or that there will be some ecapital readjustment from which they ‘will benefit. s v » Business No'te_s‘ : NEW YORK, March 27 (#).—The week ending March 22 witnessed an- other decrease in the weekly rnu of roduction of bituminous .coal in the nited States. According to the Na- tional Coal Association, computed from preliminary railroad loading reports, the tonnage mined during the week was about 7,850,000 net tons. United States Bureau of Mines rqued production of 8,088,000 net tons for the previous week. ‘The Silica Gel Corpcration of Balti- more has received an order for iceless refrigeration equipment for a test car 10 be operated on the German railroads. BONDS ON THE CURB MARKE'’ Salesin DOMESTIC BONDS. thousands. ish. Low, Noon 3 Aluminum Co_Ss '53. 10: 0 3 .. g:rr TS O ey ' ZEE! gy’ -;3 Ed 5% 9100 1 i RO 4546 10 w1 981 op L&P 55 '79 ww 9212 ..n...'! 135 Tri mn e BB aR o BB Bumumrmstlon ‘i’z::{’.“'p': m,‘i b aa e Wes Union Tel 85 60 103% 1 Caucs Valley 75 48, Mt Bk 6 3 i 08 1 H N A 1 G Co 6%s A "53 88 o ts. T it-'—% tesueds ~Prey High. 9% 17% 104% 20% 9% 2 15% 345 23% a7 8% % 161% 109% 14% 6% 75 , 141 6% 50% 86% 15% 48 5 18% TR 1930.~ Low. 7% Acetol Prod A.. 7 Aeronautical Indus.. 1% Aeronautic Ind war., 11% Afr Inv Inccv pr. 108 Alabama Pwr pf (6). 16 All Amer Gen Corp.. 4 Allegheny Gas Corp.. % Allled Aviation..... 10% Allled Mills (60¢)... 276 Aluminum Coof Am. 21 Alumin Goods (1.20). 86% Am Arch Co (3).. 4% Am Brit & Cont. 74 Am Capital (B) 14 %) 234 Am Cwith P A b10%, 341 Am Cwith PBb10%. 3% Am Cmwlith Po war. % Am Control Ol 25% Am Cyanam B ( 3 Am Dept Stores. 15% Am Equities. 601 Am For Power 113% Am Gas & Eles (21). 1;)5% Am Gl-&_l:}oe v.t [0) 0 62 Am Laund Mch(4) 225 Am Lt & Tract (10! 72 Am Light & Tract 1% Am Maracaibo. 7% Am Natural Gt 8% Am Thread pf (25¢). 11% Am U&Gen B vtc 400 17 Amrad Corporation. . 11 Anchor Post F b10% 14 Anglo-Am vot (73e). 15% Anglo-Am n-v (73¢). 15% Anglo Chil Nitrate & Ariz Globe Copper. 8% Arkansas Nat Gas 8% Arkansas Nat Gas A. % Ark N G em pt (60¢) 5% Asso-Elec Ind Ltd. .. 86% Asso GREL A (2.40). 7 AsS0 G&E A deb rts.. 39% Asso Rayon pf (6).. 22 Atl Coast Fish(1.40). % Atlantic Lobos...... 15% Atlantic Sec Corp... 22% Atlas Plywood (3) 7 Auto Musio (A) (1).. 9% Auto Vot Ma cv pr pt 24% Aviation Corp of Am T4 Aviation Securities.. 86 Axton-F Tob A 3.20.. 122 Babcox & Wilcox (9) 2 Bania Corp..u...... 46 Bancomit new (1.60) 31% Blaw-Knox Co (1%) 6% Blue Ridge Corp. ... 33% Blue Ridge eV pi % Botany Ml 13 Bower Rolle 85% Brazil Tr & Lt (2) 2% Brill Corp B.. 27 BritAm Tob B 62 Buckeye P L (4) 24% Buft, N&RP pf(1. 82% Bulovacv pf (3% 69% Bunker Hill& S 16 2% Burma Corp (t31e).. 10% Butler Bros (30¢)... 8 Cable Radio T vte... 2% Cab&Wire LtdA rets 3% Can Marcont. . 51 Can Paclfic(new)w.L % Carib Syndicate. 26% Cent Public Servic 84% Cent PSv A (al.76).. 22% Cent & Southw Util.. 400 3% Club Alum Ute: 2 11% Cohn & Rosen, Inc. .. 54 Colon Ol. . 76% Columbia G & El 24 Columbia Plotur: % Columbla Syndicate. el 293% 284 Com'with £dison (8) 6% 18% 9% 25 % 8% 122 102 IOK 5% 10% % 2 11 ns 147 % 5% 8% 3% Comwlith & Sou war. 12% Com Wat Ser (b6%) 9% Coniagas Mines Ltd. 156 Consolidated Atreraf % Consol Auto Merch.. 5 Consolidated Copper 90% Con Gas, Baito(3 60) 100 Cons Gas Balt pf A 5. 21% Con Gas Ut A12.20).. 3 Cons Instrument.... 10 Cons Laundri 10% Con Retail Strs (1).. 124 Continenta] Ofl...... 28 ‘Cooper Bessemer(2). 5 Copeland Prod Inc A. 114 Cord Corp..... 12% Corroon & Reynolds. 71% Cor & Rey pf A (6) 89% Coty Soc Anon rets. . 6% Creole Petroleum. ... 4 Cresson Cons ( 18% Crocker Wheeler 3% Cuban Cane pr opt w. 85% Cun Press pf (63).. 6% Curtiss Flying Serv.. 1% Cortiss Wright war.. 1 Cusi Mex Mining.... 7% Darby Pet (1). 435 Deere & Co (16)....0 113 Deere & Co new wiko 2% De Forest Radi 4% Derby O] & Refl: 65 Detroit Atreraft Cor. 24% Detroit Gasket(1.20) 10% Dix Gas & Utilities. . 1614 Doehler Die Casting. 12% Douglas Alr (76¢). 31 Dres(SRIMIgA3%. 41 Driver Harris(new). 8 Dubilier Cond&Rad. 145 Duke Power (35) 4% Durant Motors. 26% East Gas & F¥ Asso. 18% East Sts Pow B (1).. 14 Eastern Util Assoov 7% Eastern Utll Inv A .. 14 Eisler Electric (1%) 80% El Bond & Sh (b6). .. " 103% EIl Bond & Sh pf (6).. 10 19% 10% 244 9% 27 104 an b4 42% 11% 29% 34 93 92% 14% 10% 86% 17% 95% 24% 21 33% 121% 16% % % 46% % 3% 122 14% 24% Elec Pow Asso (1)..: 22% Elee Pw Asso A (1). 28% EIP& Lopt war.. 15% Eleo Sharehldg (11). 82 ElSharehold pt (6).. 40 Empire Pwr Corp(2) 19% Emp Pub Sv A(1.80) Engineers Gold. ..s 16 Engineers P § war 184 Europan Eieo (The). 8 Europe El Ltd opt w. 3% Evans Wallow Lead. 2 Fabrics Finishing. .. % Falcon Lead........ 32 Federal Screw (3). .. 50 Ferro Enam A(t4%) 1% Flat Stk deb rts. 1T Fiat receipts (1. 35).. 87%4 Fire As Phil (2%)... % First Nat Copper. ... Florida P&Lt pt (7)s 18% Fokker Afreraft..... Ford Motor Can A. .. 64 Ford Mot of France.. 10% Ford Mot, Ltd 37%e. 8% Foremost Dairy Pr.. 12 Foremost Fab (2)... 214 Fox TheatClA...om 20 Garlock Pkg (120).. 6% Gen'al Alloys (80c). 2% General Baking. ...« 5% Gen Baking pf (3)... 86% Gen El Ger rcts 1.92, 10% Gen E Ltd rcts (60e) 21 Gen Empire Corp. ... 81% Gen Fi'proof (12%). 85 Gen Gas&El cv pf(8) 92 Gen G&Ecv pf B (6) © 8 Gen Indus Alcohol. . 6% Gen Laundry Mach.. 82 Gen Petrol Corp wi. . 9% Gen Rity & Utilfties. 69 Gen R & Util pf «6).. 20 Gen W W&EA (2).. 15% Glibert (A C) (1 21 Gleaner Com Hai I). 99 Glen Alden Coal 11% Globe Underwriters. % Gold Coin. .. 3_ Golden Center % Goldfield Consol, 85 Goldman Sachs (b6). 2% Gold Seal Eln.. 1% Goth Knitback Mach 12% Groo Stors Prod vte. Dividend Rate. Add THE EVENING STAR, WASHINGTON, D. C, THURSDAY, MARCH 27, 1930 17% IOI 10“ lOS!‘ 105\ 108% 4 19 19 19 28 4 8% 8% s\( 1% 1% 1% 8% 1% § 12w 12% 12% 12% 8!25% 830 815% 8!0 3 S weSarmm- RS 0an l7u. 8 % 68% 46% 26% 26% 41 % 185 135 135 4! 136 % 47 46 13% 43% % 13% 4% 5 28% 1%, 25% % T alu- 20. zm ‘m nm 2”* 121 l! ‘ 29 2 5% 17 1'7!6 l‘l 954 9% l“\ 24% 24 Y 7% :'n. % 5 120% 120% 120 ® - Seaplruasaan ceBemron BrnweS8me e-agocan—v-flnm—av. oS e - PRSI 4 6 2 32 2 8 10 408 108 2 2 108% 108% 107% 108 86 364% 84% 84% 64% 63% 106 66 B5% 2 18% 40 34% 9% 19% 10 15 T% 2614 104 3% 46% 39% 1% 29 334 93% 2% 11 6 83 334 83 100 100 100. 1% 4% 14% % % % 6% 6% b% & & A 41% 42% 41% 8 8% 3% 2% 2% 8% 8% 41 41 4L 286 136 286 117% 117% 117% l:h 12% lz&i 20 20 29 152 168% 149 1 1\‘ % 2¢ % % 120 1 101% 101% 101% 101% 30% 304 20 30% 4% 15% a6 56% 2 18% t 286 12% 4 29 ~Prev 1930~ Low. Dividend Ra 41 Hambleton Om otfs. Happiness Candy. ll\i Haszeltine Corp (1. EF 1744 Holophone Co (1) Imp Oll Can (80e). Ind Pipe L, nu(fl%). @ PwaanswaPlan aBB8Rvnarwmmnn: Internat Products. Int Safety Raz B 13 Int) K Tutl internatl Ut B. Internatl Util ¢ Interstat HM ( Intel Italian Superpow A.. Jefferson B (13%)..: o Kolster-Br (Am 8h). Lackawanns Sec(4) . Lane Bryant. Inc(2). Lefcourt Real 11.85.. Lefcourt Real pf (3) Lehigh Coal&Nav(n) Leonard Of1. . Lerner Stores (2) Libby McNeil & L. Loews Inc deb rts, Loews Ino war. Lone Star Gas (1)... Long Isl Light(80e). Loutsiana Lan & Ex. MacMarr Stores (1). Mfgs Fin Co v.t.e..... Man-Bowman A (1 'fi Marine M1d Cp (1.30) Marion Steam She Marland of Mexioo. Marshall Field & Co.. Mavis Bottling....w Mayflower Asso ($3) Memph Nat Gas Co.. Mer Chap & 8(1.60).. Mesta Ma Co (11.70). Met & Min Ine (1.20) Met Chain Stores. ... Mid Wst Ut] (b8%). Mid W Ut ev pf xwé. Mid West Ut A war,, Mid West Ut B war., Midland Stl pf (n), Midvale Co (4).. Mian Corp of C (lh)- Miss River F Cp war Mo Kan P L (b10%). Moh HP 1st pf (7). Monroe Chem (13%).. Montecatini deb rts. Moody's 1 8 pt pf (3) Mouutain & Gulf 8¢). Mount Prod ( Nat Amer Co. Bom narnBona . » e BoanporneBuronfalbieBone SaRennmaas - Nat Steel Corp xw (3 Nat Sugar NJ (32). Natl Traneit (1). Nat Unton Radi Neet Incev A (1. lagara Hud P(40¢) Hud Pw A war. Hud Pw B war. Shares Md(40c) No Am Aviat A war. NoAmL&P (b8%). North Am Util See. . North St Pow A (8 Novadel Agene (3 Outbeard Motor (B). Pacific Coast Bis. Pac Coast Bis pf 3. Pac G&FEI 1st pf II- Pacific Lightg p(6).1 Pac Fub Ser 0) Pac Tin (o:m‘p lp.(i) . Pantepec O1l Param't Cab (bli). Penn Mex Fuel (2).. " 1 " Y & o = (RS © o B R povey - - u.aae-.-uo-3.-”..»-.-0-a-—.’—-.-.-:!:ni'?mauufamn.-.m.-.. e Pilot Rad T A (1.90). Pitts Forging . Pitts Plate Glass (2) Plymouth Of1 (3) see Polymet Mfg (31)... Power Corp, Can (1) % Premier Gold (24e).. 8% Prince & Whitel; 35% Prince&Whitely of3. 14 Propper McCallm(2) 14 Prudential Inv... 17% Pub Utl Hnl‘ -Il‘ 7% Pyrene Mfg (30a) 61 Quebec Powlr (2%). 16 Radio Prod (50).. 8% RainbowLumProd B +& Red Warrior... 2i4 Relter-Foster (406)~ 164 Rel'nce Hlnll'lllll- % Repetti Candy. . 71 Republic Steel n wi. Rich Ofl Cal pt (1.76) 264 Rike 19% Rockla 15 Root Ret cv pr pt 19% St Rexis Faver (1).. ) SaltCreek Prod ll).a % Savoy Ofl........e0 6 Schictter & Zander. . 2% Scbulte Un 6e-$1 8 74 Seaboard Utiliti, 36% Seeman Bros (3).... 6% BSeg Lock & H (500) .. 10% Seiberling Rubber. ., 7% Selected Industries.. 66 Bel ind allot efs 63%.. 4% Sentry Safety Cont.. 12 g;wn Leather (2) - o B e L - T T T STA~ IS AR Stenan Corp pf(ad).. Silica Gel ot ., @ S e = T T T 37% So Penn Ol (1334).. 24% So Cal Ed pfB(1%).. 4% Southern Corp. 9 Southland Roy (1 - 834 Stand Cap & S 5 Standard Mot 49% d O1L, Ind ¢ % 443 Stand Oil. Nen( 81 8t Oll of Ohto (ht) 20 Starrett Corp.. 34 Starrett Corp bf (3).. 81 SteinA&Co cu pf 6% 9% Strauss Roth. . 14 Sunlnv.. P - 31% Swift Intern’l(3%) & Syrac Wash M B (1), 54% Tampa Electric (32) [ET00% SV TIPS 1 = pation and imj 6 7'ran Con Alr 4% Tr-LuxDLPS (A). uu Tri-Continental Cor.: Tri-Cont Corp war. ., ‘Tri-Cont Corp pf(6). Tri Utilities (1.30)... Tung-Sol Lamp (3).. ‘Tung-Sol La’p pf (3) Uni Chem pt pf (3) United Corp war United Dry Docks. United Elec Ser. Unit El Ser pur wi Utd Founders(b2.35) United Gas Co...... 1 United Gas new, ... United Gas war..... Utd Lt & Pwr A (1). Uté Lt & Pwr pt (6). Unit Sh Mch (13%).. U 8 Dairy (A) (5)... U S Datry B... U 8 Elec Pwr ww.... U 8 Finishing (32) USFoll B(1)... U S.& Interntl See. GRAIN MARKET CHICAGO, March 27 (Special). —The wheat market opened quiet, but higher today under local buying influenced oy stre; in Liverpool. Pressure to ull was light. May opened 1.09%2l.09%, July 106321067, September 1.08Y%a 10815, After first half hour, May 1.09%, July 1.06%, September 1.08%5. Corn was firm with wheat. May onened 8430847, July 85%a85%, Sep- tember 85%a85%. After first half hour, n-& 845, July 853, September 857%. were firm. ay opened 440447, July 43%, September 42%. Aner first half hour May 44, July 43),, Septem- ber 42%. showed no change. Provisions NEW SECURITIES. NEW YORK, March 27 (#)—New se- curity offerings today include: ‘The West Penn Electric Co. (con- trolled by the American Water Works & Electric Co., Inc.), $5,000,000 (flld debentures, 5 per cent series, to dated April 1, 1930, and to mature Aprfl 2030; priced at 93 and interest, to yield more than 5.37 per cent; offered by W. C. Langley & Co. San Antonio, Tex., school district, $2,000,000 4% per cent bonds, dated April 1, 1930, and to mature April 1. liu lo 1970, inclusive; priced to yield 4 to 4.40 per cent; offered by the Na- tional City Co., Forbes & Co. and others. ‘Yonkers, N. Y., $1,200,000 tax antici- jprovement notes, to ma- ture September 15, 1930; priced to Eield ; !?il p&r cent; offered by Salomon Twin States Natural Gas Co., 100,000 shares no par p- icipating class “A" stock; priced at $14 a share und ln yhld '71{ per cent; offered by E. Diggs & Florida Power & Light Co., 8500 shares $7 cumulative preferred stock; priced at $104 a share; offered Tucker, Anthony & Co. NEW YORK COTTON NEW YORK, March 27 (#).—Cotten opened steady today at an advance of 10 points to a decline of 3 points in a continuation of the near month covering movement. May contracts sold up to 15.95 on the initial demand, or 15 points net higher and into new high ground. July was also quite active, advancing to 15.90, or 12 points net higher, but later deliveries were relatively quiet, and there was further umrg‘ot new crop positions by buyers of Summer months. No particular news factor was phnued in connection with the fluctu- ations which were again attributed to various technical readjustments inci- dmtum the evening up of May commit menf 10% annual payment. FINANCIALS NSACTIONS ON THE NEW YORK CURB MARKET ~Prev1ds0.~ ~ _Stock and w‘mlln. Low. 398 Il.h tav. Dividend Rate. 26% 26 26 1:.6 U‘l.lllll"l % . UtIP&L B ctfs (al). Utliity & 1nd. ... Oti) & Ind pE (1%).. Utility Equits Vacuum Ofl (v4%4).. Camp Packin #%% A-I5 HIGHER FARES HELP RAILWAY REVENUES unlmmn_'a‘m I'A’V",,i_’!‘l, Baltimore Trolley Company Re- ports Increase in Earnings for February. Special Dispatch to The Star. BALTIMORE, March 27— fares more than offset the fs the number of car riders revealed. Sfllllltmlh drow.d O’Ilm Dereent. but revenue from ' inmuedmm,unlw cent. Gross revenues, lnc!uflh( nedpfi o d ‘1930, whs u',uun 75, as -um .38, xsu’c for February, 1929, an in- crease of $62,152.47. The comj earned a % pany net income for February, 1930, of ‘Xl“‘l 11. In 17% Zonite Prod (1.60). .. RIGHTS. 8% Con Gas Balt 7% New Eng T T. Dividend tates In dollars based on last quarterly or semi- 11 5% 6% 6% 6 410 10% 10 10% “Ex-dividend. fPartly extra. fPlus extra in stock, & Passbie tn eash or stook. b Payable In stock. d Pavable in oreferred stoek. STEEL MERGER PLAN STIRS CIVIC FORCES OF YOUNGSTOWN Fight Against Bethlehem and Sheet and Tube Combine Grows Bitter as Date for Proxy Count Nears. BY LEMUEL F. PARTON. Special Dispatch to The Star. YOUNGSTOWN, Ohio, March 27~ Proud and deflant early-day American individualism is fighting a battle here which has put capital on a soap box, all but depopulated the Youngstown Club, resort of steel millionaires, and made one of those usually well olled and noiseless mergers look like a hot politi- cal cam] or a world series. J. A. Campbell. one-time undertaker’s assistant and iceman and now chair- man of the board of the Youngstown Sheet & Tube Co., wants to m the mp-ny with the Bethlehem Cor- on. Thirty ;enn ago Mr. Ollnp- tounflcd the com| out of a few and e:s- and by his efficient visit to Youngstown by Charles M. Schwab and Eugene Grace of the Beth- lehiem corporation, announced his sup- porz of a merger plan by which one share of Yo wn would be .| changed for one and one-third shares of Bethlehem. lnclu- Merger Imperative. high muhr. rates, the lelnu-jh base' rate and other factors made the merger imperative, said Mr. cnmpbell. This_town is built into a matrix of steel. !t hu 2 highly lnflnmmnlu civic &, the Youngstown Sheet & Tube No Derby winner family silks to victory and mortgage on the farm was ever ch-nd mon lltlly flun oming down the dividends. When it was announced two weeks ago that dear old Y town Sheet might be river, there was first proxy battle, confined to lwekholden and then it was everybody's fight. About 20 per cent of ule uooooo 9{""“..3-"“'3 T per cent. 1o, Ohlo. ‘oun; m_an per cent ‘The opponents of the merger, led by Oyrus Stephen Eaton, Cleveland banker and ind are determined to de- feat the merger when it comes to an Liverpool cables were better than due | St on the new crop, but fafled to meet yes- gdly: local advance on old crop posis ns. U. S. TREASURY BALANCE. The United States Treasury balance announced today as of close of business March 25, was $362,883,353.83. Customs receipts for the month to date were $33,645,947.38. Total nrdinlry expend- itures, $4,745,340. n CHICAGO DADY MARKET. CHICAGO, March 27 (#).— Butter firm; receipts, 6,180 tubs:; creamery tras, 37%; -un 37%; extra nnh. 37a37%; firsts, 33%3a3! 832}, Eggs firm; cases; extra firsts, 25a36¢; graded firsts, 24%,a25; ardl.mry firsts, 2382314 storage packed, 261 ; storage packed, extras, 2634. RAILROAD INCOME. NEW YORK, March 27 (#)—The net operating income of the first 20 rafl- roads to report for February is 26 per cent less than that for the same roads in February, 1929, while the rey- enue fell off 8.8 per cent. t should be noted, however, that the freight londlnn in Februa 1929, were, with fllmepflun of 1947, the largest in DIVIDENDS DECLARED. NEW YORK, March 27 (#).— Regular. - Pay- Pe Holders of ried. able. 3 ovies - sote 3 © SEREES " it of 3 . fi"““m Pow g E G e sete 008 22538 o ey Marbelite corfi Bt R o“. BES5EE8E 532 5355 2EepE Bunker H & § Min_25¢ Prudentisl Co....18%¢c Do pf ... 18%¢ Hamilt ( Metal M'Vll % July 18 Ton s a5 June 20 o-mu. Cenadian Ind Aleo A.38c @ Dus Apr. 1 Do B. 80 § BEaR t this time Tonao Tiininn . 9 HA Dus Avr. 21 TREASURY CERTIFICATES. (Reported by J. & W. Sellgman & Co.) fi’.u. are claiming victory. uulx side flrug has more than smlh proxies corrall Just now there is & bulletin out that ‘“Bonesetter” Reese is out merger, ha Reese, by special dispensat Ohio Legislature, is bonesetter extracr- dinary to big league pitchers who un- joint "themselves in the line of duty. His announcement that he would vote his Youngstown stock er was regarded as a tel isolationists. Council Opposes Merger. ‘This highly democratized and pub- licized popular interest is flnnuv:,p all through this smoky Mahoning - ley. It is unique in the history of American industrial battles. “We won't be :crlymn town"” is '.he cry of the recalt five generations of steel hmmu hero. such as the Wicks, the Stambo and the Butlers. They are pro of their management, their share in own- ership and their independence. and thy assert the Bethlehem alliance throw them in with European elmll. ‘They fight against “foreign entangle- ments.” An impassioned city council- man invoked Patrick Henry on “lib- erty or death” in denouncing the merg- er, and the council voted five to one against the merger. This onlooker has observed no other instance in which a mywuncllhnunn-hudm. $900,000,000 _steel be one of the first mnu of “docn finance.” of which Prof. Carver writes. throu(h. ‘l‘odAy oppcnem.l ol the m- 3 the merg- blow for the Underwriters » Distributors INVESTMENT SECURITIES the g the | Waszineron Orrica 737 15th Street N. W. Telephone, National 1073 Matmn Orrics - Barmin 'This writer called on Cyrus Stephen Eaton, who is here from Cleveland to direct the anti-merger fight. Mr. Eaton, once a brokerage house clerk, went in for banking and took the Republic Steel Co. and ran it up to a $360,000,~ 000 concern, the third largest steel com- pany in the United States. Within the last three years Mr. Eaton has flamed up like one of his own blast furnaces in his skilled and daring financial en- terprises. churudio:owkur- bm!{nndphulnu.yl t anything except the steel merger. Position of Opponents. ‘The inquirer, however, was directed s | to another responsible person, who sum- mfl-fluupulmnofmmmop- | ponents as follows: “The Bethlehem offer of one and one- um-a shares ‘d.n one of Y hnabommv would not have mmmm-mmamw years, while Bethlehem has turing. bomnulgrmh :fi: s BUILDING LOANS or IMPROVED PROPERTY ° Reasonable Rates Prompt Action B. F. SAUL CO. 925 15th St. Nat'l 2100 The Trade Mark Guaranteeing Satisfaction 1886—1930 44 Years of Constant Progress STOCKETTALK NO. This is our Story and we're Going to Stick to it! ? Do You Know ? —that this modern, fireproot structure, containing 19,400 square httoln«orlpm is used entirely to house equipment and n;n:hlndue for “servicing your office.” ’:E’rthwe have a wm&!:“‘md S Wasts We Want Your Business! I Februa $15,337.1 1920. there was a deficit of Net lnc!’flle for theé year an increase of $65,383 compared col last 3 Wm. Gordol: Buchanan Councilor & Buchanan Certifegper Buildine ™ o National 6110-6111-6213 (Telephone Directory Omission) vestme: individuals, Tihds "wnd funds"of ' orgamisations. Sold in_Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation ‘Woodward ll1llllr. Met. 8788, . INVESTMENTS INVESTMENT DEPT. BRODIE & COLBERT Ine. 1707 Eye St. N.W. National 8875 STATEMENT CONDITION Missouri State Life Insurance Complny 95, the 31610809 5 % Smenced June 3. Capital stock . Capital stock, b 'im:fi dfifi’ 'l‘fl.‘m ] . 31,991,900.15 Premiy mlnl.m \Ineoll.chl and i t é her assets M Accident department 4 rve as réquired b 1 gflnnmm Il:mlhl“' B . ang prepaid or United States Branch ROYAL INSURANCE COMPANY Limited LIVERPOOL. ENGLAND. or On the atat day of 2Bl BBl Columbia. 1502, lnd Ausust 18 m Deposit. capital Cash In ash 1o Sank A *ttate morin (hirst Tiens oy o ® 18.116.083.40 1436850 ts 223426710 hands of agen! Inerest. and rents due and accrued 13,073,016.88 781,826.35 00.319.61 46,130.00 y law .. 3 Salaries, Tents, expensés, Reinsurance on d paid Toeses dle,trom 2nnuthorl Total labilities . Surplus Character ol guring ‘the Motor V:hlclo. o Eefinadake ang Alreraft. Amount of risk as« sumed during the year 1029 . g th e tne Sear 1038, 1332491208 .. Asgt, United States Fire l(- thig 24th day nl Nota