Evening Star Newspaper, January 14, 1931, Page 11

Received by Private Wire Direct to The Star Office ~Prev 1030~ Stoek and Sales— Prev. | 847% 431 Stand Ollof NJ (+2) Add 00. High. Low. Close. Close | 40% 19% Stand Ofl N Y «1 2 16 15% 16 16%| 47% 19 Starrett (LS) (12%). 5 Sterl Sec of (120)... 14% Stewart-Warner (2). 37% Stone & Webster (4). 18' Studebaker Corp (3), % Submarine Boat..... 39 SunOfl (71). 97% Sun O1l pf (6) 30 Superheater (2 % Superior Oil. 84 Sweets of Am 4 Symington (A) N Tennessee Corp (1).. Telautograph (1.40). 21 1032 10229 10: 106 10329 10325 103 28 digh. Low. Dividend Rate 58 11% Newton Steel. ... Frank T. Stone, President,| 19+ "_7'5"i’vl{%fi??fl;‘i’m.:m{“fii e chosen—Other Virginia | 52 ‘o N ¥ Invest 200,000 2 1% 1w © g 1284 67% : Y N H & Hart (6), 6 86% 86 Bank Elections Held. N New Offerings Continue to Influence Prices of Many Issues. 5 10224 10219 10224 11054 1034 lops | NatDairysusas. 109 1004 3 1y | NEngT1st6s'63 8 10829 10824 10829 _ | N v'kq 14t 639841 2 2 11388 o 50182 M33 =|NY ELH&P ¢3°49. N 'Y Tel 6341 . Low. Close. | N Y Tel 63 '49. 56 86 | Nor Am Ea ba 8 Nor Am Ed 6% s NorO T & L 68°47. Nor St Pow 68 A ‘41 Nor St Pow 6s B ‘41 @ T LT 2 2 & Y Ont & Western. . 2 % 7 N Y Steam pf(6).... 40s 101'5 101% N Y Steam 1st pf (7) 10s 114 114 Norfolk&West (+12) 1 200'% 200% 2 Norf & West pf (4 921 923 North Am Aviatio 61 6l Nor Am (b10% stk) 66% North Amer of (3).. 3 Bpecial Dispatch to The Star. O] IDON, Va., January 14.—Dr. Frank T. Stone, who has boen president of the Clarendon Trust Co. since its BY F. H. RICHARDSON. Argentine 63 A '57. Special Dispatch to The Star. g it 56. NEW YORK, January 14—Though | Auscrais $34856 2 2 inception 10 years ago, was re-elected | Northern Pacific (5). e many issues were affected by the con- | Australia 1025 to that office for another year at the| 25 9 Norwalk T&Rpf... Texas & Pacific (5).. tinued increase in the daily amounts | Austria? 20 100% nual stockholders’ meeting yesterday | 32 16 Ohio O11 Co «2). 4 Tex Gulf Sulph (4) of new bond offerings, the investment| Bk of Chile 634857 15 80% Phil Pet 6% Por R T am 6s'42 Pos Tel & C 53 '53 PubSvG4ks Pub Sv G 4%s5 70, Pure Oll 5%s°37... Richfi'd O cal 63 "44 Shell Un O11 6347 Sinel O 6%s B '38. . & at the bank. Other officers re-elected| 34% 1% Oliver Farm Equip.. are Dr. Richard N. Sutton, chairman| 46w 2 Oliver Farm Eacv pt of the board of directors: Clyde C. Lam- 90% 12% Oliv Farm Eq pr pf.. mond, first vice president; Conrad C. 80% 48'% Ous Elevn (2%). Smith, second vice president; Thomas 387 9lp Otls Steel E. Sebrell, jr., secretary-treasurer;: E. R.| 60% 32 Owens [ll Glass (3). Pigott, assistant treasurer, and Charles| r4: 4015 Pacifio Gas & EI (2. T. Jesse, general counsel. Pacific Lightine (3). Pack Mot Car (60c).. ‘Texas PC & Oll. 10 Texas Pac Land Tr. 1215 Thatcher Mfg (1.60). 3% Thermold Co. . . 10 Thompson Pr (2.40). 315 Thompson Starrett. . 5% Tide Water As (60c) 52 Tide Water As pf (6) 8 Timken Det Ax (80c) market remained firm today for the|Bi of Chile 6% most part. Batav Pet ll/.I 43, With a total of about $86,000,000 of new bonds, on top of the $125,000,000 put out the first two days of the week, Belxlum s it was natural that listed issues should | Belgium s '5 decline. Companion outstanding issues to the new flotations did drop a point or more, instances being Columbia Gas N ERrrerllire 2 roalaanBen e CHERRYDALE ELECTION. Param nt Publix (4). Timken Roller (3)... & Electric 5s, International Match 5s Sincl O 7scv A 37, 44 100% e Park & Tilford. .. Tobacco Prod A t95c. and Pacific Gas & Electric 55. Sincl Cr 0 5%s 38, 52 101% 4 Samuel F. Cooper Chosen for Eighth Parmelee Tran: Transamerica (1). The stocks were lower for a time i b7 Sinclair P L 6842, 99% i nd Brscident: "athe Exchang i Tri-Cont Corp... and since much of the selling was con- | Brazil 6%s . ¢ Skelly Ol 5148°39.. 3 81 ! sthe IExchance (A) Tri-Cont Corp bf (). centrated in ofl issues, the bonds of | Brazil’ 4 Solvay Am b3 '42. . 9615 Special Dispatch to The Star. erless Motor Car.. Trico Prod (23) .. these companies had a lower trend,|Brazils 6 Sou Bell T&T 5541 1 1043 CHERRYDALE, Va., January 14.— Penick & g Truscon St (£1.20).. Texas Corporation 5s were still actively | Bremen 7 2 StOIl N J bs 12 104% Samuel F. Cooper was re-elected presi- | Penney (J C) (3) . 3 Und-Ell-Fischer (0). under pressure after their 1%:-point|Canada 5s'31 3 1003 STOIIN Y 4%s°51. 21 1004 _: dent of the People State Bank of| Penna K R (4). 29 Union Carbide (2.60) decline Tuesday. Others to drop were [ Canada s ‘52 17 1054 Tenn Copper 6: Cherrydale at the annual meeting of | People’s Gas Ch (8). Un Oil of Cal (2). Cities Service 5s and Standard Oil of 3 19 Tenn ) P 68 the stockholders held at the bank here | 164': 76's Pere Marquette (18) union Pacific (10). New Jersey 5s, though the latter moved 12 9% Tex Corp cv 58 *44 126 Utd Afreraft. .. P down conservatively. Colombia 6sJan’6 9 63 Prime investment favorites like Atchi- | Gon Pow Japan7s. 1 9614 Utd Drug cv i esterday. Mr. Cooper has served the| 2T4% 5ix Petrol Corp (1%). United Carbon (1). nk eight years in this capacity | 44% 19% Phelps Dodge (2). " < | 102 >hila Co pf new (6).. 2 o 3 | : Copenhag 4%s'538. 4 941, U S Rublst 6s'47.. 18 Other officers elected are A. L. Re'fly.’ 125:. '!Ih”a oo ld e 'J” 2 o a: igar Stores. son general 4s, Canadian Pe}cnfic 45, | Copenhag sfiu. 15 97% Utah P & L 53°4 11 first vice president; Glegge Thomas,! 25 a ta Cer Great Northern 7s, New Haven 41is, | Gopey (bt 5 | second vice president; A. B. Honts | 1% Philip Morris&Co(1) 1 Unit Corpo Consolidated Gas 5iis, Atlantic Re- | Gomo g toms o e el cashier; W. F. Robey, assistant cashier | 44% 11% Phillips Pet ()..... 26 Utd Corp of (3) fining 5s, Inland Steel 4'is, National | Grecno s SEERew W Bhesi 10 and manager of the Ballston branch,| 2%z % PlerceOll 1 Utd Fruit (4) Dairy Products 54s and Pan-Ameri- | C2°°ho 9 3 110k Warn Br Ple 6s'39. 20 and J. H. White, jr, assistant cashier | 52 7% Pterce Ol pf 1 Utd Gas & Im (1. can Petroleum 6s held firm or advanced | Dan Mun 6 1084 Warn Quin 68°39., 2 and manager of the Arlington branch. 121% 48': Pitts& W Va 1 Utd Gas & Im pf (5). a shade. Junior railroad obligations | Denmark 43%s " 26 94y West i deb 6344, 5 > 34% 10% Poor & Co (B) (2 1 with small gains included Chicago & | Denmark 63%s'55.. 5 1007 West Un Tel 5351, 28 101% LOUDOUN BANK RE-ELECTS. 103 20 PostalT&Cpf(7).. 1 Eastern Tllinols 55, St. Paul adjust.| Denmark 6s-42.... 1 1054 West Un T 6345736 1 108% g R e o s ments, Erie general lien 4s, Misouri. | Dutch EastIMar.. 1 100% Wil-Ov 15t 635533 1 96 i v 2 6% Prairie Pipe . -4 y Dutel Nov. . D% Wi st 6s 41, Poard Is Retained by Bank at Lees-| 10, . 15 pranofipel (1h).. 8 Pacific 514, Frisco 41¢s and Seaboard L toh et o oo i g el burg. 6% G2% Erogtd Gamb (2400, 6 U Hotaun: Alr Line 6s. Industrials were irregular | Dutch Bastf 6a7 % % 101% | YouSt& T 58'78.. 27 103 " and convertibles were also ragged 16362 1 1014 101% 101% Special Dispatch to The Star. 11% 1 Prod & Refiner: e U S Ind Alcohol (6) 7o Roteien. dutl - RAII.ROAD. LEESBURG, Va., January 14—At the | 123% 65 PubSvNJ (340).... 11 USLoather... AE e el : Atchisonadj 48°95. 5 95 snnual meeting of the stockholders of | 100 01% PubSYNJpf (5).. 1 USPive&F (2). e L e S g Atchison gen 48°95 B4 98% the Loudoun National Bank held here| 137, j0i% Pupgy R ogcheee ] e s and the continued service on all issues | Fram I D 73s*42.. 22 Atch'oncv 434541 35 117% o today, the following officers were re-| S0 %, 1 S g b s with the exception of Bolivian 7s, on | F'rench 7s ‘49 1 elected: Edwin E. Garrelt, president; e et e A which delayed payments are expected, | French Gve 734 6 Dibrell, vice president and cashier: - £ L McFasland. sesisant cashicr, and , Eullmancorp (4)... 8 DB s A T ] e g e L L T Mrs. M. K. Warner, assistant cashier. . 4 146% 146% 146% 2 Directors chosen were H. K. Arthur, e o b T 26w 8% 64 6k was ecomed o & J0/pes et i e S - B&O %560 35 96% B e O e AT i 2w 39 S0 3% Beiglan and Italian credits were un: | German 7a re 9 5 &0 1st 6543 1 106% E. Garrett, W. H. Grubb, Coleman C. Radio Corp .. 51 ut P&SM)O?Z 15. 8 24% 23% 24% 24% e Gk manas. . o B&Oref5s'95.... 18 103 Gore, Beniley Gregg, William Groom, Radiopf A (3%).... 1 VadascosalesCorp.. 3 1% 14 14 1% G B D 2000 5 102 o 3 55 e ‘The market was extremely reek 6s'63 4 & O 5s D 2000. s # Victor B. Harding, F. M. Love, E. L. “adio Corp (B) (5).. 3 nadiam Corp (3. 1088 43" 4bns 4l 6% | st 3 5 B&O 63’95 6 109% McFarland, W. A. Metzger, Voleny Os- Radio-Keith-Orph A. 48 Va E1& Pow pf (6).. 40s 103 103 103 1021 o e Haitt! 63 '52. B&O Swn dy 68 '50 6 104% burn, Edgar Peacock, H. T. Potterfield, Raybestos Man260. 3 Vulcan Det (4)...... 48%. 48% 48y | TUMES of them, Hungary 7%s "44 B&O P&WV 48 41 10 9615 A. C. Reid and M. H. Whitmore. Real Silk Hosfery(3) Z Wabash. 23 21% 23 22 T Irish Free St 5s ‘60 Bos & M .. 9% ‘The past year of the bank has been Rem Rand (1.60).... 13 Waldorf Systm 3 23 23 23 ltaly 7185 Bos & Me bs '67. good. ' A semi-annual dividend of 4 per Reo Motor Car (80¢). 11 Walworth Co (2). 5 12% 14 12% A T & T EARN'NGS Italy Pub Sv 7862, 11 cent was declared and a substantial Republic Steel. ..... 55 Ward Baking (A) % 18 18 18 Japanese 5%s'65.. 15 93 9 sum was added to the surplus and prof- Reynolds Metal M Ward Baking (B) 4% 415 4y Japanese 635s '54.. 7 3% 104 | Bklyn Un 1st 68 50 its account of the institution. ge;:g}g:%gn: '1701 Warner Bros Plct. 15% 16% 15% TO BE ]0.40 A SHARE Jugosl Bank 78’57, 8 78% 78 73 |BR&PItt4%s'67. 1 90 e . . Warper Quinlan 4 % 5% 75 < ’ P 2 MARSHALL BANK DINES. Reynolds Tob B (3). 52 Pdaciy imeribh p 26 son oo eieaItesibi.. 35 0o . Col 00 Richfield Ofl. -..cvs 81 i il g O oy Al e e eug & Toll 65°69 41 91 9012 9015 3 By st Rio Grande Gil.’;..L. 7 Wess Oil & Snow (2). 22 22 22 | NEW YORK, January 14.—The Amer- | parterie$834. . 3 10415 104% 104% Rossia Insur (2.20 2 Wess O & Sn pf (4).. 54% 54% 55 |jcan Telephone & Telegraph C S| aremepRRmAif0s, 2 61 9" NatbsJuly'$9 & of Directors. Royal Dutch a3.2185, 19 West Penn ELA (T). 90s 99 99 99 101% | approximately $10.40 o share in 1530, | M1lan 6%s 53, 824 52% | Can Nat 68 0ct-89. 4 106 Ebecial Dispatch to The Star. Safeway Stores (5).. 4 West Penn Pw pf (6)100s 107 107 107 107 | aid ‘Walter &, ‘Glffora. oeeiciers, 1o | Montevideo 7s752." "1 8 85 |Can Nor 4%48°35... 1 101% 4 HALL, Va., January 14—The| 118% 39% St L-San Fran (8)... 4 n:m]wux Penn P pt (7). 308 115% 115% 115% 115% | statement today accompanying dividend | NowSo Wales6s’s7 14 4162 62 |CanPacificdbds.. 8 88% snnual meeting and dinner of the| 131 4 Schulte Retall Strs.. 17 WesternDairy A (4). 1 25 25" 25 25\ checks to stockholders. New So Wales6s'58 13 62 62 |Can Pacific 4%5'60 4 99 stockholders of Marshall National Bank| 75 35 Schulte Retail pf (8) 20s Western Dairy (B) 1 5% 5% 5% 6%| «while final figures in respect of the | Nord 6%s 50. 106 106 [Can Pac 6sctfs'44. 10 103% was held in the High School Auditorium.| 121 4 Seaboard Air Lin 18 Western Md. 8 16 15 154 14%l|financial results of the company for | Norway 6s63 101 101% | Can Pacific 65 10 102% The directors of last year were re-| 28 15 Seab'd Air Line pf. 4 Western Pac! 1 1% 113 11% 11% 1930 are not yet avallable the state. | NOTWay 63s '65. 102% 102% | Car Clin & O 68°52. 4 1074 elected as follows: Edward Ambler,{ 100% 43 Sears Roebuck $2 10 Western Union 13 140% 139 140% 139% | ment says, “preliminary summaries in- 104 1047 | Cent Pacific 4s'49.. 1 97% P. W. Anderson, J. Leroy Baxley, R. C.| 23 2% Second NatlInv..... 2 Westingh' 1 344 am 84% 34%| gicate earnings of approximately $10.40 105 105 |Cent Pacific 63 f Fietcher, G, Harris Field, T. H. Maddux,| 3% 1 Seneca Copper. 1 Westing E & M (5)s 130 7% 800 sen oen Dex shate for the yeRer T 102 Ches Corp 68 '47 J. T. Ramey, C. F. Ramey, E. S. Re-| 13% 3% Servel Ine... 7 West E& Mpt (5).. 90s 106 106 106 105 “A net gain of 125000 telephones | OFientdev5its’sy 11 901 90 nalds, Thomas N. Russell, Allie Smith| 52 20% Shattuck(FG)(t1%; 7 Wextark RadioStra. 30 1% 1 1% 14)agded to the Bell aystem cooring fug | Orientdev 6s°63.., 14 96% 96k and John F. Walker. The directors| 25'% 5% Shell Union Ofl 23 oy ML A 2 42 41 42 40 lvear was much below normal rowth, 1043 104 , vice presi-| 947 3 3 3 president; J. Leroy Baxicy ceul') e ol ot g 14 15 5% 0% &y sy | Mith the level of general industrial ac- Mascn Carter, ‘assistant, cashier, 32 9% SinclairCon Ofl (1).. 11 Worthington Pump.. 18 65% 637 65% 63%| HVity:" President Ramey said that the bavk | 1124 6 Sinclair Ollpf (8)... 1 Wrigley (Wm) (4).. 2 68% 68 68 687 —_—— g Chi & Alt 3s. had had a more prosperous year than| 42 10% Skelly Oil..... a3 Yellow Truck. BL 9% 9% 9u 9y . Ch & East {11 5in 1929, had declared the usual semi-| 99% 42 Skelly Oil'nf (§) i1 2 Youngs Spring (3).. z 2214 22 2215 220 Washington Stock Exchange|5oiang fs.40 5 Chi Giet Wept & Y annual dividend of 4 per cent and added| S2 28% Sloss-Shefield pt.... 108 5 et N e - Ch M&StP 438 '89. more than last year to its accumulated| 30% 10! Sou P Ric Sug (1. 40)" 10 Stpasars 3 SALES. Porto Alegre 8561 2 ChM&StPadibs 71 321 surplus. 127 88 Southern Pacific (§). 8 RIGHTS—EXPIRE. Georgetown Gas 5s—$1,000 at 103. Prague 7%8'52.... 1 Ch&NW 43482037 15 94% 136% 46% Southers Bwy g)‘.". 4 8% PeopGasChi.Jan16 12 12% 11% 12% 12 |Pot. Elec. cons 55—$2,000 at 103. st iy Sh&NW con4xs. 98 91 N ECTION. outhers Bwy Wash. Gas 55—$2,000 at 1037, $3,000 | Queenland 6s'47.. h Rwys b8 " .11 70 Sinaicliors: of Bauk-Chones Difsctors| sor foo aiosr MIg 2 | 1:30 B . 932,200 2:10 P.M. .018'400 g‘;;,g}'%fiil}::fif&ogg“g;% a5 10 s 18 ChRlevensus 5 su for the New Year. Stand G & & ‘l'vn. T8 % | DiTidsiq tatee o8 pinm in the sbove tabie Ace the ;gg;u;l"m;l at 43, 10 at 43, 10 at 431, 10 at| Rhine West 6s'53.. 2 b gy G TR Bpecial Dispatch to The Star. s::‘; oil‘cb;l‘:(l:z‘:/..)' ;]1 1n"SVock. "} Eavanls i st e 1 iy e A g e l‘|t s e e . 2 g: w l‘:: :Is‘- 62, lg 132 ¥ ¢ . al i 1 % % sl " g WARRENTON. Va. Jamusry 14 Stand Ol Exp pf (5). 3 |80, ’;,';'“\".¥“;e '?5;5-]”51@ ’lxl;lu:tn;l, !u- ble -ggnh::rfi? o !.'ec a7 BI04k 10034, 10\ak [ DUERIABEXRIEN 20 Ch Un Sta 6% 87635 1 1140 ‘The People's National Bank he Stand Invest Corp.. 5 ePayable In cash or stoc o s ek,0 wuh k. & E. pta— 983, R Gr De Sul 63°68. CCC&StLdb4ks I 1003 Snnual swckmme% i efn?‘u’d" e Stand Ofl of Kan (2). 1 e e MO e L R u’z’.flfg':%c’m" KB | e e R Gr De s:u:-c?' CCC&St L 4%s (B) 3 100% W Bihon, O T Bowen, 5. C. Merch THr. & stge. com. 10 at 103, | Home S3e" - SO Te s goson § loim W b g tr. pfd.—10 at 98%. oy o - Brittle, C. W. Carter, D. Turner Day, A S popes Uig © - Clev Term 6s'73... 9 105% D. wflu;&nflws{:f.‘ Jen;_(li:rs.!PLANS FOR SUPPLYING G DECUNE IN COPPER s c"l'“;: 3311V7‘ g:‘:‘;::l" Colo & Sou 43%n 35 33 1013 Ster abee, R. A. McIntyre, Har- s ed-Amer. Co. pfd.—4 at 97%%. Colo Sou 4%5°80.. 5 95 rison Nesbitt, E. Marshall Newton, P. C. p Wash. R. & E. 45—$2,000 at 8744, $2,000 Cuba Nor 6%8 42.. 8 4 Hicharda, . M. Rowsic and 3. 3. Btiey. TO D. C. COMPANY REVEALED| PRODUCTION SHOWN | "%, ‘ GhARREELT ¢ Officers are Harrison Nesbitt, presi- : Wash. Gas 55—$5,000 at 1037, oot b 4 L Del & Hud rf 4843 25 dent; S. C. Brittle, executive vice presi- Te— Mergenchnier Linotype—10 at 87%, 5| Serbs-Crsis D& RGrgnd4s 3 3 A 5 Shinyetsn 63%s ‘52 dent; E. Marshall Newton, vice presi-|gpecia) pispaten to The Star. all of the gas which is to go into | Effect of Curtailment Program Is P“ Em 65 1953—81,000 at 108% Solsaons6s 4: gent, and D. Turner Day, cashier. 10414 Den&R G W 68 o RORED BB S0 BT ‘ . BALTIMORE, January 14.—The ulti- | its pipe line from the Manufacturers' ¥ i Sweden 5%3°5 13 105% DRG& W sth A banquet was then served in the ', ;o ohject of the Columbia Gas & |Light & Heat Co, at the Pennsylvania- Revealed in December Bid and Asked Prices. Swiss m,’-‘-« 28 106Y Erie Ge 1 zoom of the Warren Green to stock- | geetrye 'y tion is o furnish Maryland State line and, in turn, will 5 . e G dn d guests numbering about o gt e Pt Fyland Bie e . B BONDS. Toho El Pow 6s '32 99 7 iders A Bt Was toastmaster. | to Virginia, West Virginia, the District | sell all of this gas in Maryland to Statistics. 3 Eir 1 2 2 r:n.snns 150. s-h o callod upon to opeak were | Of Columbia and Maryland through | independent companies for distribution PUBLIC UTILITY. Bt e e s B 13 Ao o e O ek s ™ the | subsidiary companies, according to a |and resale; the greater part of which vy, Bl Askea. | TOKIC 838 8 90% Fla E Coast 537 29 e o of the Southers | letter just received by the Public Serv- | will be taken for use in the DIstrict | Special Dispatch to The Star. ASD DS e e p e ERIERIRIGE, € 10sd Fond J&G 4%s'52. 3 264 g Braks of the Southern | ice Commission from John G. Pew of | of Columbia by Washington Gas Light | NEW YORK, January 14—A decline | Ao Teic & ot S8 41750 opan 0s 101 Ga & Ala 15t 55'45. 55 Railway, Charles G. Stone, Rev. F. M. ;‘:})’;u‘gg'k vice president of the cor 0 Upon the completion of the pipe line | in Tefined, blister and stocks in process, | Anac 4 Bot. bosr s> 984 e T N Finkel, Maj. R. A. McIntyre and E.| %rpe jetter was written to the com- | through West Virginia and Virginia to|as well as a curtailment in output | Sy FrpTel,of Yo Vienna 65 52 84 Gr Nor 4 (E) 8 981 Marshall Newton. misslon In response t0 8 question raised |a point near Rockville, the Southwest: | of copper, is shown in December fig- | ity & Buburkn 35" 0 ifF | Warmw Tn il 187 edu Gr Nor gen 78°36.. 9 1104 . at e hearing on the application ern terminus os the present gas wi " s - s '61. . 2 ROUND HILL CHOOSES BOAED. |tranemit its ges by means of pipe lines | flow in the opposite directions and | 1S 8nd 1930 statistics on copper made | Potomac Elec. cons, 571111101 103 103y HavE1Ry S%adl. 2 274 Lo through the State, and in reply Mr. | Maryland Gas Transmission Corpora- | PUblic by the American Bureau of | Wail‘Kiex"% MeVer 3 el SMGCKELANROUS. e - y i i Al Vash., Balto. & An. 5s E, 7% Bnnual Meeling of Bank Elects Direc- | Pew submitted the Lollowing facts of | tion will purchase from Virginls Gas | Mel BIAHeS, @ per amounted Withineton s 4% -t 2 AbiE R Ea e 16 HudA Wiaas ta fiki] tors for Year. “I have recefved & letter from |land-Virginia State line all of the gas to| 10 218,799 tons, including metal in |Wash "Gar 6o series 4: Allegheny 65 ‘44 111 Cent 45 '52 91 Special Dispatch to The Star. Messrs. Piper, Carey & Hall, saying |be transmitted by its line, and in turn | Process, as of January 1, 1931 This | Wash. Cas 65 scries 5 108y 10 | AlsshmiSards 111 Cent 45 ‘63, 87 * ROUND HILL, Va, January 14.—At | that before the conclusion of the hear- | will resell this gas (a) in Maryland to |3 the lowest figure in several years i Fmg g Il Cent 4%s°66... 11 98 the annual meeting of the stockholders | ing in the investigation of Maryland | independent companies for distribution “{l“’ represents a decline of 5,732 from MXSCE'-LA‘NEOUS Am ‘C\:f c* . i 111 Cent 55 '55 05 of the Round Hill National Bank held|Gas Transmission .Corporation the |and resale and (b) at the Pennsylva- | (¢ 224,531 tons as of December 1, |Barber & Ross, Inc, 6%s...... 82 8 |Am Chain és Il Cent 6343 '36. 109% here yesterday, the following officers | commission asked whether or not all | nia-Maryland State line to the Manu- | 1930, and compares with 240,145 tons | GBewy, Chase Clu olub 5153110 100 idh L CCStL&N 6sA.. 2 101% were “re-elected: H. C. Thompson,|of the gas taken into the pipe line | facturers Light & Heat Co. o v+ D. C. Paper Mfg o db a8 (0t & G N ad 6s'62. 55 president; C. A. Baber, vice president, | of this company at the Maryland State | _“In short, Maryland Gas Transmission | c Refined copper stocks in North and | w. . Cold Slqe{‘f;gc,gs bl ] sk Int Rap Tr 63 10 69% &nd H. H. Cooley, cashier. |line would be purchased by it at the | Corporation will own all of the gas at|SOUth America on January 1, 1931, | . Pt st Int Rap Tr sta ’66.. 14 69 Directors chosen were C. A. Baber, H. | State line, and whether or not all of |any time in its line and this gas will at fll’{mu““d to 367,175 short tons, a de- s'rocxs e P Al ik Int Rap Tr 68 '32 4 ¢ . Cooley, J. A. Cummings, E. T. Crim, | the gas passing out of the pipe line | all times be in continuous flow. cline of 2,657 from stocks of 369,930 e e sty Iut Rap Tr 78 32 89% T M. Derflinger, Charles J. Ford, C. P. | at the opposite border would be sold at | “Maryland Gas Transmission Cor- | ons on November 1, 1930. Total stocks W < Int & Gr Nor 68 72 Am T&T cv 4% 8’39 Am T&T bs "65. Am T&T c tr 5; Am T&T 6s s of copper, refined and blister, in North | Amer. Tel. & Telga (9) Capital : rncuan Co s Lt. Co. (i Hutchinson, P. C. James, J. S. Patter- | that point to the company owning the | poration, the Manufacturers Light & son, Hugh H. Piggott, J. C. Rogers, W. | continuation of the pipe line across | Heat Co. and Virginia Gas Transmis- R. Sagle and H. C. Thompson. the border. This matter will be han- |sion Corporation are all subsidiaries of Kan City Sou 3s'50 Kan City Ter 4s'60 Lake Shore 43 ‘31.. and South America on January 1, 1931, were 585,974 tons, a drop of 9,369 from total stocks of 594,363 tons on De- 9 OB OB RO G0 HRGES NN ENG NOK ©RL - B o & The past year has been very satis- | dled in the following wi Columbia Gas & Electric_Corporation, pid - 7 % factory for the bank. The regular semi- | _“For the time being Maryland Gas | which owns substantially all of the out- | Somber 1 1930, and comparing with | Wisn™'55; "] b et e L R CE - mnnual dividend of 5 per cent was paid, | Transmission Corporation will purchase standing stock of each.” i B s o | Ak vy, A KL Bia. (5.0 Arm & Co 434839, Tonglaldb 6l 1 101 and very substantial amount was T copper amounted £o 48,518 SOt 1015 | capitar (10 o PANK 250 | Arm Del bt ces.. Long 1si db 6s°37.. 1 99% S Yo the NI AIDY. clected: C. Armistead Sinclair, presi-| )PTIMISM PREVA T in December, against 53,141 in Novem- | Columbia (1) s0 ... |AtRefdebbs 2T, L & N unt 48 °40. 98 Sae NK. dent; G. Raymond Ratcliffe, vice presi- ber and 74,712 in December, 1929. Pro- g';;g;‘w;l’c“;’, Gsiamped) (10} 20 33 |BelTerPabsB4s Lé&Nistrfsths 105% FAUQUIER BANK. dent and cashier; M. M. Ellis, assistant IN MACHINERY MARKET | duction for 1030 totaled 690,263 tons, -Am. 38 |BellTel Pasa C o0 Market St 7s *40 96% i — by | against 1,006,203 in 1929. fl’”:ffifi ‘.('z" 3% . Mil E Ry & L. 68'61 100 New Board of Directors Chosen at| Directors. of the National Bank of | Special Dispatch to The Star. e —_ Mglmnnhlnn (19 38 BEEAen A Ssth, M Sll;f:SSM;on ;; 85 Annual Meeting. Manassas named for the ensuing year | NEW YORK, January 14.—Optimis Riggs (155) 9., MSP&SSM 6% 8" 98 were E. R. Conney, H. W. Herring, Rob- uary 14—optimism | n)Y|DENDS DECLARED |grisnd e 219 | Bush T Bidg 6s '60. MK AT IN 4 S0, 804 Bpecial Dispatch to The Star A Hutentson. "Westwood Hutshison, | 15 becoming more evident in most of AR et S Dadsesiar WARRENTON, Va., January 14—1p gV yencon T.'0. Latham, A. S. Rob- | the country’s machinery and machine- ~NEW YORK, January 14 (P).— Rl S 55 FColon it es & MK&T prin s A. : :gg Col G&E bs Ma. Mo Pac gen 4s°'75.. 2! ders’ p Sec. The annual stockholders meeting of| ertson, T, H. Liop, Charles R. Mc- | tool markets, partly as a Tesult of the | Repuias. A ntal “Trust (0 3 & Com Invest 5%s'49 8 94 93 93 Mo Pacific 6s A lonal Bank was held . B e - the Fauquier Nat Donald, C. E. Nash, Oliver E. Newinan | ney 'year and partly because orders fos A Hhrey | Priics Gestues nffm u‘mu B January 13 and the following board of : . | - 30 1 Brore. 00 98 | R dlrrnul;ryfi elected: J. H. C. Beverley, § A e . e e~ | and inquiries are increasing, American | B““‘ "B M st "‘ A Dee. 10 1 G Ton e R by A AR TR T e A 6 T Birar | elected” were Thomas , i I : 6 105 ificaQ 8. 25 97 T 5 G Uiy, | dent; Westwood Hutchison, vice presi- | Machinist reports. Dec. 16 CAmBasotie i 11 90 5w 99 LRSI 08 A B A P Hution. Amos F | dent. and Harry P. Davis, cashier. | Dealers and manufacturers, remem- =3 S E.‘:}.’.’finfr’c.”"i"éi"v‘xnérho I i Rkl . 1 Ahie 08 2ok MO EAIBENER UG % Payne, John Braton Payne, John C. e bering the continuing disappointments | Do 1 Bf. ... 3180 Q Jan. 18 | East Washinston (12) #5 | DetEdrresB40.. 7 105% 105% 105% [N Y Cen 48°98.. 1 og' Rawlings, Samuel W. Simpson, J. W. PARIS BOURSE PRICES. of the past few months, are loath to | Giobe In Co Am..37%c Q Jan; 23 | Eotomae (10 st |Dodge Broscl6s40 3 91 85 £5 [N Y Centdbds‘id. 2 10 % Slaughter, W. 5. Strother, C. E. Tiffany K Hunt Bros Pkg A..50¢ Q Jan. 15 | SSUORtH Street (12) 200 | Duquesne 43s'67. 1 104'; 104% 1043 | N ¥ Cent 43452013, 6 101% d Joseph A. Ullman. PARIS, January 14 (&) [make sy Susihee predictens. Al G 55w a9 56 Jan: 31 [ FGed” states. (30) 880 &30\ EastCSug7%s'3T 2 87 36 36 | NYCreim6s2013. 7 107 B e bestars then re-elected the offi- | Was dull and prices were hea agree, however, that orders will come | Mansin @) & Co en, 5 | Weshington Mechaics @0y:11 %80 ‘6l | BestSutMAA B M 48 S0 | ANC e aneatss. 7 106k rectors e t 4 3 FIRE INSURANCE. R aie v StL4s’'37. 4 98t cers of the bank—C. E. Tiffany, presi- | Bourse today. Three per cent rentes, 86 as soon as business in general begins | May 5 P Gen St Cas 5% 3 94's 94% 941 |NYC& S dent; E. L. C vice president; P. G. | francs 45 cent Five per cent 10an, | y; rice Their preparedness for the Aneorar Gen Thea Eq 63'40 93 63% 60 63y | NY C&StL 438 78. 4 Marstelier cathier, and W. G. Barten- | 102 francs 25 centimes. Exchanges on - 5 . @eodrichcv 6s'45. 51 731 72 72 |NYC&StL5k#sA 15 106k stein, George 5. Canle and London, 23 francs 81}, centimes. The | Upturn is indicated in the number of Goodrich 6% 3 N7 C&StL6s'33 lé 101% 3 dollar was quoted at 25 francs 55 cen- m‘“‘l :z:fizfilv&tflxrr:fu"‘lg:d“ 1: !,he changes were made in directors timgs. semi-ann mber of Ameri- cers. I;o?m( s ot The Plains, Va., branch: o 5 :Tlelrul\:whlnm—fl per cent above L P Bowerselt, minager, and H. H.| SUE FOR BONUS RETURN. |“5i'fi: past week the New York mar- Y Hulfish, assistant manager. 8 ,— | ket had several single orders for large A banquet to 150 guests at the parish| NEWARK, N. J., January 14 (%) e e e T hall followed. M. J. O'Connell, chair-| Four common stockholders of the Charrington, assistant - Goody'r Rub 68 '57. Columbla (6h) ... Real Estate (60i) 11 200 | Hum O&R 5%s ‘62, Title & Inv. Co. Md. com 30 MISCELLANEOUS. MBTistpr6sA.. 1. Medical Bldg. Corp. (6).... 87 125 |IllSteel 43%5°40... 5 &b Mosac® S -'vel el ptd: (0 78 86 | inland Steel 4 $ 2 Bist Na In: Cement 6 00 1 bt T 00 o ® Baos 3 o Don? 00000000 O 0! BOOLH § ave | Chicago dealers hail the recent addi- b man of the board of directors, presided | Bethliehem Steel Corporation have 3 33 Int Hydro El 63 "44 end the principal address was made by | brought suit in Chancery Court for the | Uons mn flluwmob‘iilc‘t\ndtmurnaxll em 130 | (nt Match 68 '47... Nort South bs gg Judge’'John Barton Payne. return of $36,493,668 alleged to have | Ployment lists and expect several rail- 28 [inMMcoltr@s'4l 1 954 954k 954 |Nor& Wnev s bech patd ot tn bonuses &> officials | Foads to inquire soon. The Santa Fe | Refinie ‘&iores 13 | IeBADBRAAT.ce. 2 5 TA TAY 68 v 2 f the company since 1911. has a list out, also the M““fl"’m Som OLA Bt 3% ht Int Pap 68 3 68% 68 68 |NorPac4%s2047. 1 99 MANASSAS BANKS MEET. ” i School Board. _Sentiment ‘fm ore g;::,’,‘;‘;“ K i AT gom 00 | T & T 4%8 5 80 79 80 |NorPacriés2047. 32 112 - o cheerful in the Milwaukee district, with | '8 Gapital A..." : People’s National and National Stock-| NEW von]x January 1: m;r 7Cop- | used tool Sales advaneing. West §z":§ Frid, :‘” uunnm-l«;'nlllx;?n o (6 INcTREer £A0 130 03 Sok. a3 B gres ShortLssgtd. 1108 n re, 2% “s1.62% holders Choose Leaders. R et i . o Pager o 0 e ':p“: TR Rea "‘x". ' a';& 3 KCP&L4%s%7. 10 101 101% 1013% 3 Bpectal Dispatch to The Star. spot and nearby, 2570 future, 25.90.|of orders from Baldwin, is still pessi- | Insur of N Amer...50c = Security"Stiage dle). KanC P&L bsA 53 4 105 105 1056 19 MANASSAS, Va. Janual 14 —The | Lead quiet, spot, New York, 4.75; East | mistic, but hopes for railroad orders. |NY & Hond Ros M 25¢ ‘rnl c-rw Corp. (1.t S& B 14 95 94% 95 2 annual meetings of the stockhc ders of | St. Louls, 4,56. Zinc quiet; East St.|Cleveland reports sales to & large auto- ,_“,_L W sfi. ‘com.(6) 1 64 54 b4 5 / the People’s National Bank and the | Louis, spot and future, 4.00a4.05. Anti- | mobile manufacturer and an increase | Petrolite Corp Ltd..50c Q ufw.m oA 1 108% 103% 108% 5 National Bank of Manassas wers held | mony, 7.62. in inquiries, Tool producers there are b S0award & Lothrop 7103 102% 102% 1 & here yesterday. —_— — increasing their -:ork - 1 -lx dividend. ny. extra. 7 102% 102 1 1 C. P, Nelson of Huntington, W. V New England “Tool orders | Mor & Schwartz. 200% .. Dec. 31 Dec. 10| JEAIIAL 2“,,, 0 52 49 49 1 nG Manassas was added o the board| TREASURY CERTIFICATES. | now o gain for the week, though many Omitted. " o .7 1054 105 105 of directors of " the People’s National n.i.:n.a by 3. & W. Sclicman & Coy | re St of the promissory variety. Pro fov dog ot 3 BAE 18 ut,,,, L 6 121 120% 121 Bank and the following directors were te. Bid. er. | Budgets, however, hold promise for the | “"'BoUT 3250 Q Due Jan. 15 iy 1102 /102 102 elected: G. R. Raicliffe, E. H. Hibbs, Toar ... 100 238" 1009 | Dol® Thiive: Southern district sales | Sty ' e R 3 98 9T 9% B8 Hooft, 1ta & Qertao, (O, Aoy }c“ ‘;'fl“fi 1 2100 Taika 10g $i3 off to a falr start after a poor 2 Plans for s traln ferry express sery- 34 94 934 98% isicad Sinclair, George D. Baker and 23 Sebt 15, X 100 16.33 November and December, though used b = ige Trom Richbotough, w{';lfl"‘?;,“ b~ 2 104% 104% 108% H i * 8 . tools are clotting the market and tw“ou u':x:' 350,000 minks were killed my:n ;‘y g m 53%60, 10 88 81% 81% LJ.,Ommcr At the oxflnmm':'mu; o ot 35 Hfi - 190 a3 forcing prices -~ : Received by Private Wire Direct to The Star Office. ascs sy o - : Prev.1930— Stock and Sal MARK |8 SIEADY (Bales are in $1.000.) McCormack 6s°34. 5 :glu'l —Prev an es— ; E I Mo 5 AN OISt Pies 10.) fich Low Dividend Rate. _Add 00 High. Low. Sl e 10y e i by v foon 104 48% 47 ARW 4TH 5 Low. 013 101 104% 100% 81 § 101% | FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY. JA\'L‘ARY 14. 1931 FINANCIAL. A—11 ARENDON BANK/ [ NEW YORK STOCK EXCHANGE ||INVESTMENT BOND | Coxex sor BONDS sroox excamves Close, 101 101 1044 1004 81w 1004 109w 114% 102: 106 1024 100%, 804 20 97 100% 99% 801y 96 1043 1047} 9615 100% 96% 1065% 102% 102% 108% 10414 961 99% 100% k¢ 991, 8514 20 IGASOLINE PUNPING PLANS COMPLETED One of Great Carrier Sys- tems Will Be Started Tomorrow. BY BENNETT WOLFE, Assoclated Press Staff Writer. TULSA, Okla, January 14—The March of economic progress is about to introduce a departure in the petroleum industry—Ilong-distance transportation of gasoline by pipe line. ‘Two long underground lines are to be rhced in use soon as carriers of gaso- ine from midcontinent refineries to re- tail marketing areas to the north and east. The building of the two lines fires speculative imagination with a picture of a revolutionized system of gasoline distribution in which pipe lines parallel the principal automobilé highways and move the motor fuel direct from re- fineries to service stations. Final Tests Made. The Great Lakes Pipe Line Co.’s car- rier, to reach when competed from Ponca City, Okla., to Chicago and Min- neapolis, will be placed in operation to- morrow betwesn Ponca City and Kansas City, officiais of the company said today as final tests were being made. ‘The line is a co-operative enterprise, sponsored by the Barnsdall Corporation and the Continental Oil Co., and having interests of the Midcontinent Petroleum Corporation, Skelly Oil Co., Pure Oil Co. and Phillips Petroleum Co. Gasoline will be delivered to the line from re- fineries of these six companies at Barnsdall, Ponca City, Sapulpa, Tulsa, Cu>hmg Mu:xog:e, Okmulgee and Bar- tlesville. & The other gasoline pipe line is being built by the Phillips Pipe Line Co., fi subsidiary of the Phillips Petroleum from Borger, Tex., to St. Louis, via Wichita and Kansas City. The St. Louis ll.)e"n:énn}luwill -':lord :I‘:e line outlets for shipments on the Mississi) Olll;gurl\ers e ips officials said today the line should be compleud and myofle'rlfllgn ransportation of gasoline hitherto ansportation of line hit has been confined almost exclusively to rallroad tank cars and to tank ships and trucks. The advantages claimed for movement by pipe line are lower distribution costs and delivery of greater gallonage. The Great Lakes company estimates its line will carry gasoline at a cost of about 1 cent a gal- lon for the long haul, as compared with approximately 2.38 cents by rail. A traffic department will maintain close control over the Great Lakes co- operative line to regulate use of the carrier by the different companies. When a company wishes to make a shipment, it will notify the traffic de- partment and then await orders as to when to turn its product into the line. The various gasolines will not become mixed in the line. Each brand will be “slugged through” in the same manner as different grades of crude oil are moved separately through the same pipe line. Swabs will hold each con- signment intact. Distribution of gasoline from the two lines will be through depots located at intervals, the sites depending upon the areas to be served and the location of the pump stations. Delivery from these depots .will be by tank wagon, truck, train or rail. Movement of the gasoline through the lines will be lbout the same s as a man walks. Pump stations to the fluid moving will be situated at in- tervals of approximately 50 miles. Maintenance Plans. Each company’s own telegraph and telephone systems will parallel the pipe lines. Line walkers, or patrolmen, will carry extension telephone rods, afford- ing them instant communication with the nearest pump station in making re- ports. The progress of a shipment in the pipe line can be gauged by sound. ‘The Great Lakes line, upon comple- tion will total 1,440 miles in length and have a capacity of 30,000 barrels daily. Its cost is estimated at $12,000,000. The Phillips line will be about 700 miles long and will have a capacity of 25,000 barrels daily. Washington Produce Butter — One-pound prints, 35a36; tub, 33a34. Eggs—Hennery, 28a30; current re- ceipts, 26a27. Poultry, alive—Turkeys, young, 35a 36; old, 30a32; chickens, 28a30; fowls, heavy,’ 24a25; small, 22a23; Leghorn fowls, '16;- roosters, 13; ducks, 15; keats, large and young, 50a60; old, 25a30. Dressed—Turkeys, young, 40a42; old, 35a36; chickens, 32a33; fowls, heavy, 27a28; small, 22a23; Leghorn fowls, 18a 20; capons, large, 37a38; small, 32a35; ducks, 24a25; roosters, 15; keats, young, 70a80; old, 40505 Meats—Beef, 18a23; veal, 18a23; lamb, ‘19a21; pork loins, 21; fresh shoulders, 20; fresh hams, 22. Smoked —Hams, 26; shoulders, 18; bacon, 27; lard, bulk, 1115: in packages, 131:. ‘Game—Rabbits, 20a30. Live stock—Calves, 12; lambs, 8. Fruits — Strewberries, 65; oranges, California, 3.00a5.00; Florida, 2.5023.50; grlpefl'ull 2.5023.00; . tangerines, 1.258 pineapples, 4.00a5.00; pears, box, 400I5 00; persimmons, 1.00; lemons, 4.50; nnnks, bushel baskets, 1.00a2.00; box, 2.30a3.00; grapes, Emperors, 2.50; Almeiras, 2.75. Vegetables—Potatoes, 150-pound sacks, 3.25; new potatoes, Florida, 2.00a2.50, mostly 2.50; Idaho bakers, 100 pounds, 2.75; sweets, per bushel, 1.50a2.00; caulifiower, 2.50; string beans, 3.50a 5.50; eggplant, 2.50a3.00; parsnips, 1.25 al.50; beets, per 100 bunches, 5.00a6.00 carrots, per 100 bunches, 5.00a6.00 tomatoes, 3.00a4.50; peas, 8.5029.00; squash, Hubbard, 3.50a4.00; marrow, 4.00; cucumbers, Florida hot house, per d"z(n 2.00; spinach, 1.00; kale, 75a .00; mushrooms, 75a1.00; broccoli, 3.00 aum peppers, 2.50a3.00; lima beans, Mexico, 17.00; icebelg lettuce. 4.00a4.50. Dining car conducwra in England re- ceive a salary of $9.35 and tips of $50 a week, according to testimony at a recent hearing in London. 96 100% 101% 106% 106% 9815 89% 106 101% 3% 9314 105% 35% 102% 96% Sales. High. Low. Glose. St L Ir M'nt 68 *31.. 10 100% 100% 100% StL&SFIndsA. 17 874 86% 867 StL&SF4%s8'78. 25 8l 804 8liy StL&SFgnés’3l. 1 100% 109% 1003 StLSWilst4s'89. 3 86 86 86 San A& AP4s'43. 5 94 94 04 145 45 45 36 18% 17% 184 IR 8 94% 94 944 100% 100% 100% 864 86 86l . 15109 109 109 5111 111 111% 14 116% 116 116 Sou Ry M&O 4s°38. 10 93% 93% 93% Term AsStL 48’53 5 921 921 9214 Tex & Atk 6%s ‘50 Tex & Pac 58 B 17.. ’ruarunc'". hird Avref 4280 10 43 48k 484 Sou Pac ref 6 96% 95% 95% Sou Pac $%48 6 197 97 97 Sou P 4%s 69 w 32 98% 98% 984 SouFacific s34 3 1024 1024 1024 1 Sou P&OT 4% 77 R EY © 2 © » © * ThllflAvllt‘ 9% | 95 95 Third Avad) .1 30% 30% 305 9 99% 98% 98% 17 93% 92% 93% 20 97 96% 13 101% 101 Va Ry & Pow 68°34 4 102% 102% 2 1 10 1 1 9 8