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CONVERTIBLE BOND ISSUES IN DEMAND Shift in Cali Money Situation Causes Increase in Trading. BY CHARLES F. SPEARE. Special Dispstth to The Bter NSW YORK. January 18.—The de cided shift, in the call money situation today, v.ith renewals being made at 6 Sr cent, after an I per cent period, d some effect on speculative bonds, while others were restrained by the rise in bank acceptances and the continued high levels for time money. Trading was quieter in nearly all of the prominent groups. Up to 11:30 o'clock there were no transactions In the United States Liberties or Treasury certificates. Later small sales showed some rally in the former. There were three issues of new bonds today aggregating $10,000,000, of which £4,000.000 were represented by munici pals and the remainder by a corpora t ion formed to hold public utility securi ties under one management. The heaviest volume of trading was 1n the convertibles and in some of the apecialties in the industrial and railroad departments. Among the first there was considerable Irregularity. In ternational Telephone 4V2S were quite active around prices that have recently prevailed. Public Service of New Jer* sey 4 l fcs exhibited considerable strength, as did Anglo-Chilean 7s. Anaconda 7s were off from yesterday s high level, as were J. Kayser s' ; s, International Ce ment. 6s and Barnsdall 6s. The Italian convertibles gained 1 to 2 points. New buying has entered the market for Dodge 6s above 104 Among the industrial specialties were Namm Sons 6s, which rose 3 points; Certalntced Products fttga and Cuba Cane Sugar 8s The lowa Central and Minneapolis & St. Louis issues ap peared to b? under accumulation, sug gesting developments In connection with the reorganization. After the sharp advance that took placp yesterday in Oerman government 7s. placing them 2 1 ' 2 points above the call price, there was a reaction in them today. The liquidation in Tokio Elec tric 68. on which they dropped recently a point below the issue price, has been completed, with the bonds today a point above their recent level. Baltimore Markets •pecisl Dispatch to The Star. BALTIMORE, Md., January 11. Potatoes—White, 100 pounds. 1.1091.40; sweet potatoes, barrel. 1.50a3.25; bushel, 1.00*1,75; yams, barrel. 2.00a3.50: beans, bushel. i.QOai.so; beets. 100. 4,0698.00; Brussels sprouts, quart, 20k 26; cabbage, : hamper, 2.00a2.50: carrots, 100, 4.00a : 600. Celery—Crate. 1.50a3 60; cucumbers, j bushel. 4.00a6.Q0; egg plants, crate. 5.00a8.U0; kale, bushel, 60a75; lettuce, j hamper, 1.25a2.00; onions. 100 pounds, 1 1 50a4.50; oyster plant. 100, 6.00al0.00; { squash, crate, 3.60*4.50; parsnips, • basket, 65a75; savoy cabbage, bushel, , 73a90; spinach, bushel, 60&90; tomatoes, crate. 1.00a3.00; turnips, basket, 40a60; ! apples, bushel. 75a2.00; cranberries, half ! barrel, 7.50al0.00; grapefruit, box, 2.00 a4.00; oranges, box, 2.50a4.50; tanger- J ines. half strap, 1.75a3.25; strawberries, ; quart, 65a75. ‘ Hay and Grain Prices. j Wheat—No. 2 red Winter, garlicky, t spot, 1.32 3 4 ; January delivery, 1.32%. E Com —No. 2 export, January delivery, c 1.06 H; No. 2 yellow, 1.10;-ct>b corn, 5.00 j a5 10. I Oats —No. 2 white, domestic, spot, j 59*00; No. 3 white, domestic, spot, 57 t a5B 1 2 | Rye—Nearby, 1.i0a1.20. 1 Hay—Receipts. 13 tons. While hay is 1 arriving here m limited- quantities only; « it IS more than ample for the demand, t which is being supplied mostly by truck ; from nearby points, few carloads being f received. There is not enough busi- | ness passing to establish prices on the < various kinds On merit at a range of j i« 00*18.50 per ton of timothy or clover . hay. . .. s Btraw —No. 1 wheat. 11.00a12.00 per { ton; No. 1 oat, 12.00ai3.00 per ton. 1 Dairy Market. ■ Live poultry—Turkeys, pound, 35a40; ' old, 25a30; Spring chickens,. 32*38; poor and thin, 20: old hens. 20*30; Leghorns, 20a26; old roosters. Hall; | capons, 34a40: ducks, 2(Ja3O; geesft, I 18a28; guinea fowls, each, 40a80; 1 pigeens, pair. 30. Dressed poultry—Turkeys, pound, 32a 3f, old. 25a30; young chickens, 30a35; old and mixed. 25a30; old roosters, iSaaO; capons, 34a43; ducks, 25a30; geese, 20a26. Etta— Receipts, 517 cases; native and , nearby firsts, free cases, dozen, 35>' 2 a , 36: current receipts, 30*344. < Butter—Good to fancy creamery, , pound, 45a49; prints, 49a51;. blocks, , 48a50; ladles. 34a38: store packed, 29; , process butter. 41a42. WOMEN EXTEND WORK IN HANDLING OP FUNDS ; Women of the United States spend . or Invest about. $52,000,000,000 annually, i according to Mrs. John F. Sippel, presl- , dent of the General Federation of | Women's Clubs, who was guest speaker | ] of the Halsey. Stuart & Co. radio prc- j 1 gram last night. Estimating that worn- 1 cn dd almost nine-tenths of all buying, 1 Mrs. Sippel said: I “Obviously, a large part of our coun- 1 try's wealth Is handled by us. and upon 1 the handling of that wealth depends I not only individual wealth, health and 1 effectiveness, but the very life of our 1 Nation. ' For some mysterious reason, the be* 1 lief has widely prevailed in the past— 1 and still persists to some extent to- < day—that women are fundamentally < less competent to handle money matters 1 than men. Women themselves have been rather too ready to accept this opinion. Today over a million women make separate income tax returns to the United States Treasury, Almost 4.000.000 make Joint returns with hus bands. Approximately one-half the Ftock of various leadlhg American cor porations is owned by women. It is slated that one-third or more of the stock in some of our leading metropoli tan banks is held by women. While there is no very reliable way to deter mine the percentage of woman bond holders, there is every reason to believe that this more conservative type of in vestment is even more extensively held by women. It is a matter of common knowledge that a very large percentage of all insurance policies name women as the beneficiaries. “Regardless of whether a woman is the home-maker for a small-income family or a large-mcomP family, It is essential that she understand the prin ciples of money investment so that she may place a true valuation when plan ning ncr family budget on putting 6ome income aside to earn money for her family. “Alert, investment bankers today fully realize the growing importance of Wom en as investors. The services they pro vide are a great safeguard to womcft ak well as men in the accumulation and conservation of money." —■ —• Heavy Construction Contract*. NEW YORK. January 18 (A*).—Awards oft heavy construction projects in the United States registered a sharp gain last week. Engineering News-Record re ports. Total value of contracts let totaled $161,682,000. against $73,639 000 in the previous week and $46,011,000 for the same week last year. Awards since January 1 are placed at $279,555,000, , compared with $170,633,000 in the same 1927 period. FINANCIAL*/ ON NEW YORK BONDS STOCK EXCHANGE] j Ractfvad by Private Wtra Direct to The Star OSaa UNITED STATtIk *r» iB a j 000 1 Sales. Blah Lev. Clone Lib 345... 35 9$ 7 $0 4 99 4 Lib Ist 44* 23 100 100 100 Lib4th44a u 100 1 100 1001 US34M 43. 60 $7 13 978 97 13 UR 34a.., 11 102 8 102 4 102 4 U 544811. 41 111 10 1119 ill 10 FOREIGN. •kies. Kith. Low. Close. Argentina 8a Ju fin, 22 1004 1004 1004 Argentina May *Bl. 10 1004 1004 1004 Argentine 4s uct 69 9 1004 100 1004 Argentine 54s *s3. 21 974 964 964 Argen*me 6s A.... 3 1004 1004 1004 Argentine 6s B 16 1004 1004 1004 Australia 44s 66.. 23 884 874 884 Australia 6s 1955.. 14 97 964 964 Australia 5a 1957.. 29 964 96 96 Austria 7s 27 1024 1024 1024 Bank of Chile 645. 6 984 98 98 Bank of Chile 648. 10 99H 994 99*4 Belgium 65.. 46 1004 100*4 tOO% Belgium 44a 1 1064 1064 1064 Belgium 7s 1955.., 2 108 106 108 Belgium 7s 1956... 21 1064 1054 1054 Belgium 74s 22 1154 115 1154 Belgium 8e 1 1094 109% 1094 Bolivia 7s 3 914 94 91 Bolivia 8s 9 101 103% 101 Bordeaux 65....... .76 994 994 994 Brasil 64* 1925.... 22 954 954 954 Brazil 64s 1927.... 13 93% 95 4 954 Brazil 7s J 9 100 100 100 Brazil 8s 3 1084 1064 1084 Bremen State 7«... 10 1024 102 102 Canada 5s 19*1..,. 8 1014 1004 1014 Canada 5s 1962.... 76 104 1084 103% Canada 54s 1929.. 17 1004 100 100 Chile 6s ’6O 20 91 93% 93% Chile sis ’6l 10 94 93% 93% Chile 7s 194$ 11 101% 1014 1014 Chinese OOV By 6a. 4 37 37 37 Christiania 6s 1 101 101 101 Colombia 6s Jan’6l. 8 00% 90 904 Own Pow Japan 75.. 3 994 99 994 Copenhagen 4455 J 10 88 88 88 Copennasen 5s ct.. 13 964 964 964 Czeclio 8 S 1951 6 111 111 111 Czecho 8s 1562.»... 4 111 .1104 111 Danish MiinlCla A. 3 110 110 110 Denmark 44a 57 894 69 89 Denmark 2 104% 104% 104% DE 154 s AJch 63.. 1 102% 102% 102% Dutch East 1 69 47. 1 103% 103% 103% Dutch East 1 s9s#. 57 10.1% 103% 103% El Salvador 85*48.. 1 110 110 110 Fiat 7s war '46 I 166 166 166 Fiat 7s x war ,46... 20 1004 1004 1004 Finland 9 f $9'46... 2 96 96 96 Finland 7« ... 15 1004 100 100 Framerican 749... 14 1064 106 1064 French 7« 22 107% 107% 107% French 74* 36 1124 112% 1124 Herman El P 6 43.. 6 934 93 93 Herman 79......... 23 1074 108% 107 Oer Am Bank 79.... 1 974 974 974 Her Gen Elea 75.... 4 1014 1014 1014 Greek 79 1 974 974 974 Haiti Cs 3 1004 100 100 Hungary 74» 1 1014 1014 1014 Italy Ta 59 974 964 964 Italian Pub S 79.. 5 95 94% 95 Japanese <9 1 92% 92% 92% Japanese $49...«. 32 1014 101 101 Lyon 6s 15 994 994 994 Marseille 6a....... 22 99% 994 994 Milan 64s 1$ 90 894 90 Mexico 4sTO asnt.. 10 21 21 21 Montevideo ta.«... 2 103% 102% 103% Netherlands $s 64.. 2 1004 1004 1004 New 80 Wales 6ta.. 4 944 94 91 Ntw So Waiaa 61a.. 11 94% 914 944 Nofd s%s 5 1014 1014 1014 Norway 69 HU..,. 6 974 97 97 Norway #%»...... 4 1014 1014 1014 Norway Is 1145.... 7 1084 102% 1034 Norway la 1944.... 11 103 ios% 103 Norway 6%a 1952.. 2 108% 1034 1084 Orient Dev deb 6a.. 6 98 974 98 Parls-Ly-Med 6a... 7 99% 99% 99% Par.s-l.y-Med 75... 3 104 103% 103% Paris Orleans IHa. 12 95% 96% 95% Peru 6s It W1..... 25 89% 89% 89% Peru 6s Ctfi....... 22 90 894 90 Peru 75.... 4 1024 1024 1024 Pirelli 7s '52 242 146 144 1444 Poland 6s *O. 3 83 82% 83 Poland ts trctai... 34 884 87% 884 Poland Is 7 99 98% 98% Queensland 1a...>. 3 1034 WB% 1034 RftineWst EP SS’S2 14 98 924 93 RhinaWbt EP Is'il 16 96% 96 96% RhlneVvat EP Ta'4o 9 102 101 101 Bio de Janeiro 6%i 10 954 954 954 RIO di Jan la 1945.. 4 107 107 107 Rio Gr Do Sul 8a... 11064 1054 1054 R0mi1Vfta......... 44 91% 01% 91% San Paulo City B*.. 10 114 114 114 Bae Paulo Is 1531.. 2 106 106 106 sao Paulo 1960,,... 5 106% 1064 1064 Saxon (PW) ta.... 2 994 994 994 Seine 7s 42 11 1064 1064 lOBVa Serbs Cr Biav7S.., 20 81 80% 81 Set be crot stole... 5 95 94 944 Shinyetsu 64*52.. 4 91 91 91 Sweden 6%a....... 6 104% 104% 104% Sweden 6e......... 1 102 102 102 SwieeSHa 1948.... 1 108% 103% 103% SwiaeConfed »«..., 8 1104 no no Toho El Pow 7«...* 12 984 984 984 Tokio 6a. 11 78 77% 78 Tokio 5%s 1911.... 8 894 89 894 Uld Klngrn 6 Hall. 15 1184 1184 1184 Utd Klngm 5%s 3t. 19 1044 104 104 Utd SteamCopen le 1 97% 97% 97% Vitnnals’B2 6 87% 874 974 Yokohama la W 1... 9 96 95% 95% MISCELLANEOUS. Abram&Btrausim 5 116 116 116 AmAgriCheni 7%a, 1 105 105 105 Am Chain 15'11,.. 10 98 '974 98 Am Nat Gas 14i'4l 6 96 954 954 An Smit * R let »B. 2 1014 101 101 Am Sugar Ref 1a... 14 101% 104 104 Am TATOI tr 44.. 10 994 994 994 Am TAT cl tr la.. 6 10*4 104 1044 Am TAT at 1a..., 13 104% 104% 104% Am Tel A Tel ttys. 6 107 107 107 Am Water Wks 6s. 10 96% 98% 98% Am Wrtg Pap 6s’4? 3 84 84 84 Anaconda let 1b.., $7 1064 106 106 Anaconda cvdbta. 96 1974 1944 1944 ArmourACo4%a49 7 92 91% 92 Armour Del 5%e... 17 924 91% #l4 Associated 011 6b.., 1 1024 1024 1024 Atl GulfS 89 4 734 734 734 Barnsdall 6s 1140,. 31 1364 135% 1.15% Barnsdl Is W o war 63 99% 99% 98% Ben Tel Pa 5s 8... 2 1054 1064 1054 Bell Tel Pa 69C.... 10 1074 1074 1074 Bethlehm Stl pm &a ll 1014 lot 1014 Beth steel 54s 51.. 7 103 1024 1024 Bethltham Steel la. 29 1054 104% 1054 Bklyn Edison 69... .3 1034 103 1054 Buah Term Bldg ta, 9 104% 104 104 CefUln-TdtHarcta $2 814 804 804 Chile Copper ti.... 49 95 944 944 colon Oil 6a '41..,. 112 115% 115 115% Col GasAEI debts. 30 904 99% 09% Con coal Md Ist ti. 6 72 72 72 Con Gas N Y Ml*.. 26 106 106% 106% Consumers Pow ta. 7 103% 108% 103% Cuba Cane cv 7b.... 3 774 774 774 Cuba Cana ta 3 78% 78 7$ Dery (DG) 75 1 70 70 TO D f-t roi t Edison 5 s4O. 1 102% 102% 102% Dodge at...,.,..., 103 1044 104 104 Duquesna «%e 17.. 22 100% 1004 100% East Cuba Sug 74* 10 944 934 944 Gen Cable&VtS'47. 3 98% 98% 984 Gen Mot ac Cor la. 3i 10344 10.34 1034 Goodrich 64s 14 Ufl 4 1074 1074 Goodyear te rcta... 77 934 92% 93 Humble 011 65...,. 41 1004 100 100 Humble OAR 545. 14 101% 1014 1014 Illinois Beil let 59.. ft 1014 104 104% mmols Steel 4Vte.. 2 984 984 984 inland Stl 449’71. t 924 92% 924 inti Cement tail.. 92 112 111 111% Inti Match Salt... 84 984 97% 05% Int Mer Marine 65.. 4 101 100% 100% Int Paper 69 47.... 12 96 05% 95% Inter Paper 6s 10 964 95% 95% Int Tel*Teleg 445. 20 91% 94% 944 Int TelATel 44s W11785U2', 1114 1124 Kayser JA Cb 649, It 133'., 133 1.33 Kan City P A L 55., ll 1044 1044 1044 Kart GAE 6s 52. .. 1 1054 1034 1084 Lackawanna Stl 59. 3 102 102 102 Laclede 05 4a 62.. 6 1044 1044 1014 Liggett & Myers 7s 2 120 1104 120 Loew's Inc 6s 23 1194 111% 119 I,o6w's 6s w o war. 14 99% 99 99 Loflllard 65,...... 7 87 86% 87 Lorillards4s 1 88 88 88 LoHHard «P> 79... 3 113 113 11$ LouisvGA E69 68. 8 103% 103% 103% ManatiSugbt 7H«. 11 994 094 00% Mld-COn 6318 40,... 4 105 10ft 106 Midvale Steel 55... 3 994 09% 994 Mont Pow 59 43 13 1024 102% 102% Mont Power deb ss. 3 100% 1004 100% Mor'sACe let 449. 3 88 86 88 Nat.Dafry 5%9.... 9.3 98 9ft% 98 NVGEI, H A P ks 2 106% 106% 106% 'N Y Tei 44# 33 1004 100 1004 N T Tel 6s 41 Ift 107 106% 101 N Y Tel sis 49 1 110 110 110 No Am Ed 548'63. 23 1014 101 1014 NurOhioTr A L6B. 1 1024 1024 lgt% Nor mates Pow 69, 38 IM% 1014 1014 ■ N’or States Pow sis. 8 106% 105 105 Pacific Gas &£1 ss. 2 1014 1014 1014 THE EVENING STAR. WASHINGTON. P. C„ FRIDAY. JANUARY 18. 1929. Sales. High. Low. Close. PacT AT 5s 62.,.. 6 1054 105 105 Pan-Amer Pate 6s. 4 1044 1044 1044 Pan-Amer Pete 7b.. 3 1044 1044 1044 Paramount 6s 1947. 9 100 99 99% Pathe Exchange 7e. 2 82% 82% 82% People s Gas 59.... 1 1084 1054 1054 Phlla Co 5s 67 w 1.. 26 99% 904 094 PMIaAReadCAI ta. 8 91 90% 00% Philips PetrbtHa.. 14 934 93 954 Por Rio Am Tob 6a. 10 1014 100% 1014 . Postal Tel AC 64a 49 944 94 944 » Presad Steel Car 5s 5 974 97 97 1 Public Service 44* 16 193 1024 19$ i Puma Alegre 7a... 8 87 664 864 * Rem Rnd 54S war. 26 944 044 94% ' Sinclair 011 6s 9 99 4 994 99% Sinclair Oil 64a... 4 1014 1014 1014 " Sinclair Oil 7s 4 102% 1024 102 H 1 Sinclair Crude 5%s 12 974 07 97% Sin Pipe Line 55... 17 044 03% 94% : SkSlly Oil 5%s ft 93 93 93 South Bell Tel 55., 2 1044 101 104 1 Southwest Bell 68.. II 104% 104 104 ' Stand Oil NJ 69 46. .38 103 1024 103 ' SugarKstOHemeTn. 3 9 7 964 97 Tenn Copper 6s'4l. 9 106 106 106 * TehnElecPow 68 47 14 100% 1064 1064 | Transcontl Oil s4s 10 1024 1024 1024 * United Drug SB 53.. 39 97 964 96% IJ 9 Rub Ist rs ta,. 81 92*4 92 92% U S Rub 7%e 5 101% 101% 1014 U S steel s f 65.... 13 107% 107*4 107% Utah Pow ALt 6S . 20 1004 994 1004 Utilities Powr 54a. 9 94 934 94 t vertiimesiug 7a.. 1 964 064 964 Warner Sug 7* 11.. 5 84 134 834 , west Electa ft 102% 102% 102% , vveatn Union $Ha.. 6 110 109% 1094 westmghoueefts... 6 1044 104% 104% , white Eagle 054 slB 104 1034 10S4 . WlllyS-Ov 64s 33.. 7 102% 10*2 102% , Wilson ACo lit 6s. 12 1014 101 101 Yngstn SAT 59 wI. 2 100% 100% 100% RAILROAD , AiASFCvt 4805... I 904 904 904 Atchison aUJ 49. ... 3 87% »7% 87% , Atchison gen 4a.,.. 13 924 924 924 Atl & Dan Ist 4S 43. 1 7ft 75 75 Atlantic C L Ist 4s, --6 91*. 91% 91% Atlantic CL4%s 64 ft l*T% 9?% 91% BA O Gold 4s 20 924 92% 924 , BAOCV4 4S 18 984 #B4 984 BA O ref 5s 10 102 101% 101% , BAO 5s 2000 D.... 8 1014 1014 1014 , BA U Ist 66 ct 3 10.3% 1034 10.3*4 B AOrf Imp 65.... 2 109% 109% 109% BAOPLEWY 45.« 3 93% 93% 93% BA O 8 Was 60..,,. 4 102 101% 101% BAO Toledo 48,... 6 834 83% 834 Boston A Maine ts. 2 #8 97% oh BrdwayA7th Av ss. 24 784 75 764 Brooklyn Elec 6%S lft 94% 94 94% Brooklyn Elev 6%s 2 93 924 924 Bklyn Manner la ...39 98 97% 08 Bklyn Un El os sta. 1 90% 90% 90% Buff R A Pitt 4%5.. 6 91% 914 914 Canada South ts... 2 1064 106% 1064 cah Nat 44930.... 16 994 994 994 Gbn Nat 44s 84 6 954 954 954 Can .Nat 4%s 67.... lt 95% 954 954 Can Nor 4%s 1935.. 1 98% 98% 98% Canad North 64a.. 1 1154 1184 1184 Canad North T*.... I 112 112 112 Canad Pac deb 49.. 38 85 84% 84% Can Pac 44a4t.... 6 984 98% 984 Car Clinch AO ts,. 2 1014 1014 1014 Car CHnchAO 6a 52. 2 107% 107% 107% Central Os Ga 1a... 1 100 100 100 Cent Pac lat 5580., 3 102% 102% 102% Cheea Corp 8s wL. 17 994 99% 994 Cues AO CV« 48.,. 2 994 994 994 Ches AOgh 4 4 9... 12 98% 984 98% Chi A Alton 35..... 2 69% 69% 69% Cht BAWaen 4861. 25 924 924 924 CB A «4*»i7T 0.. 11 99 99 99 Chi BA Q Ist rs ta. 1105 100 105 CB AM 111 3 4*.... 1 854 Bft4 684 ChlAfi 111 gfi ta ti. 27 82 814 61% Chi Ot West 49 50.. 3 604 684 684 Chi IndALref 59... 10 1034 1034 1034 CM AMt Pgnßo..» 4 85 85 Bft ChlMABtP* 4*Ci9, 1 flft 95 95 Chi MAStP 4%a E. 12 944 944 9*4 CiuMiisPAPacae?a 93 934 #34 934 CMBPAPaCadJtaOI, 101 79 76% 78% Chi ANW gen 48... 2 914 914 914 Chi NW 44* HOST.. 11 96% 964 96% Chi ANW rafts... 6 1054 1054 1054 cm Ryati 10 814 81% M 4 Chi R1 APrf 4i... 50 044 94 94 CRiPa«4Hawi M 16 924 924 924 ChiTH ARESs... G 064 98 08 ChITH incls G 0... 19 004 004 904 Chi un«u445..,. is 100 100 100 Chi A W indcn49.. 15 574 874 874 CAWiltfeat 2,... 2 104% 104 V. 101% CCC A St L ts D... 2 102% 1024 1024 CCC AStLrf Is A. 3 1004 100 100 ClavTarmts...... 23 105 104% 101% Cuba RR ta 2 954 95% 954 Cuba RR7 4s 2 1024 102 102V* Cuba Nor 14S eta.. 9 924 92 02% Del A Hud 54*.... 7 108 105 105 Den & KlO Gcn IS.. 2 90% 90% 90% DehAßioO 44* 36. 4 944 94% 944 D Rio O West 58... 1 93% 034 03% DRG A Wat s*'7l 1 02% 92% 024 DesM AFt D 48... 2 87 37 3/ Det United 44»..*. 10 07 97 97 Erie Ist cons 5 954 854 854 Erie Gen , 30 70% 70 79 Erie evt §9 67 w1,.. 40 06 95% 05% ErieConv ext 79.... 5 103 103 103 Fla Beat cia ?*... 16 794 79 79% Gr Trunk atdb la., 10 105% 1054 1084 Grand Trunk ia,,». 1 112% 112% 1124 Great North I Via,. 15 109 108% 108% Great Nor gen 7a.26 1124 112 112 Green BA Wdebß. 1 294 294 294 Hacking Val 4 45.. 4 99 99 99 Hud A Man aj ta.23 824 824 824 Hud A Man ref li.. 6 074 06% 97 111 Cent 4%a $1,... 0 100 994 994 ill Cent Chi 4 45... 30 954 944 944 Int Rapid Tran 65.. 2 784 78% 78% Int Rap Tr OS stpd. 14 784 784 784 int Rapid Tran la.. 7 814 814 814 Int hap Trane Ta... 1* 994 994 904 Int AG Nor Ist 6s. 11 106 106 106 Itit&UtNor adj 6stl 1 934 934 034 Int Kys CA 69 13.. 2 604 60% 80% int Ry C A 64s ret. 16 07 96% 97 lowa Cent rs 45.... 6 15 15 15 lowa Cent let 05... 32 51 18 494 Kan City Ft S 45... 5 91% 914 914 Kansas City 535... 1 75 75 75 Kansas City S 05... 6 06% 96% 08% Kan city Term 4#.. Ift 89% 80% 89% Lake Shore 4s 31... 4 974 974 074 Lehigh Val cn es... 2 Bf 4 «?4 874 Louts A Nash 7 5... 6 1024 102 1024 Man Ry Ist 4S 90... 13 6?% 66% 67% Market 6t 7s 40.... 2 074 074 974 MU El Ry AL6s 5i 15 103 102% 102% MU El Ry AL5s 61 4HU 1004 100% Minn&StLref 45.. .34 234 22% 23 MBt PASSM cn 4s. 37 89 69 89 MBtPAHßMss3*gtd 1 984 08% 084 M BtP A BBM 645. 4 1004 1004 100% MK AT lat 45....* 1 Bft 85 85 MKA T4a 8.. *. *. 3 Bft B 5 85 MKAtadjftS 32 1044 101 1044 MKATprin 6s A. 13 101% 101% 101% Mo Pacific gen 45.. 38 16 75% 754 Mo Pac 5s F 77... > 18 06% 97% 084 Mo PacificssG’7i. 9 98 07% 97% Moht Trm ref 5s 41. 5 904 904 094 Nash ChatAfitL 4s. 13 90 69% 69% N O rax AMll SL . ft 90 09 09 NOT AM 6<*5.... 5 1044 1034 1034 N Y Cen gen Ills.. 1 804 604 80% N Y Cent 48 95...., 1 89 t*9 80 N Y Cent deb 49.... 1* 074 074 074 N YCrf im 4%5... I 100 100 100 N Y Cent r f 5e.... 38 107 106% 107 N Y Cent deb 69.... 3 107 107 107 NYChIAStL 6%»A. 10 1064 106% 1064 , NYChIAStL 5%s B. 3 106% 106% 106% , NYCABt LSs A.. 20 1024 102 1024 New Haven 4s 55.*, 5 83 83 83 NYNHAH4SS6. 16 83 82% 83 NY NHAHdb*9 sf. 5 17% 77% 774 NYNHAH4V4S.. ll 91 904 91 , NYNHAHcvdbls 9 1104 119 1194 NY NH&Hclt 15... 4 104% 1044 1044 N Y Ont W Ist 45.. 22 724 70 71% N Y rtys 6s 65;,... 6 21 204 21 N Y Slate Ry 4 %s. 22 494 484 49 . NYBtateßy 64*63 2 63 63 63 NY Bus&Wn gen 5s 2 73 73 73 ' NYW AB 4 Vie. >.» 17 BS4 83% 8.34 Norfolk &W cn 49. 29 91 01 91 1 Nor Pac 352047.... 4 664 664 664 Northern Pacific 4s. 12 88% 884 88% Northern Pac 5s D. 5 104 104 104 Northern Pac r 1 61. 10 113% 113% 113% Orb Short L rfa 4a. 14 09 98% 98% Orb Short Lss gtd. I 105% 105% 105% i Or* Wash lat 4a... 26 884 88 884 . Pennayi con 4%5... 1 101 1004 101 PehnSyl gen 4t*e. > 12 100 99% 99% k Pinna R Rlhl'll. ft 98% 08% 98% (, Penneyl gen 55.... 3 1074 107% 1074 , Penney IB» 64...... 8 103% 1034 1034 Pennsyl $4*...... 3 1104 1104 1104 Penneyl sold 7a ... 22 103 102% 100% k Pa Ohio A Det 4 4S. 3 964 #B4 904 . Pare Marq let 85.,. 4 104 104 104 Philippine r.R 45.. 3 39 .184 39 PCCAStL 5s B 75.. 4 108 107% 108 4 Portland El PL «». 19 1034 102 1034 * Port RLAPT4*4S. 4 107% 10t*4 10t% I Reading g*n <4a a 6 99% 99 99 ' ttl Ark A L 4%a... 1 98% #ft% 98%' > StLUI&S late.... Li 994 994 994 CURB ISSUES SCORE NEW HIGH RECORDS Vacuum Oil and Standard of Indiana Make Substan tial Gains. BY WILLIAM r. HEFFEItNAN. Special Dispatch to The Star. NEW YORK. January 18—New high records In the issues selected for leadership gave the main body of curb stocks an appearance of pronounced strength today. Practically every group had at least one outstanding representative m t lie upward movement. Vacuum Oil took leadership away from Standard of Indiana in the oil group. On an enormous turnover the stock rushed up from the previous final of 132% to a new high of 128 before the demand was supplied, in its case expectation of special con* sideratlon of stockholders at the com ing meeting was a factor m the speculative calculations. An added Incentive for the buying was the announced agreement reached with Sinclair Consolidated Oil, whereby the latter will exchange its holdings in foreign enterprises for shares of Vacuum Oil. These holdings are thought to represent for the most part the com pany's interest in Compagnle Indus trlelle des Petroles. Standard of Indiana continued active and moved within a range of 2 points of yesterday's final. As to the Rocke feller-stev.art controversy, those most familiar with affairs of the company place little credence in widespread re- I ports that both factions had carried the fight into the market for the stock in an endeavor to obtain sufficient, proxies to accomplish their purpose at the com ing meeting. They were inclined to at tribute the recent heavy speculation to nothing more than a professional stock market maneuver. Electric Investors featured the public utilities, advancing some four points to a new 1929 high. Announcement was made of the additional public offering of 25,000 shares of 6 per cent preferred at 99 and accrued dividends from Feb ruary 1. 1929. Electric Bond and Share Securities also ran up several points. American Commercial Alcohol reach ed a new high at 86. Offering of 43,800 shares of the stock was announced to day, but this did not constitute new financing. New' high records also were marked up In Eenlth Radio, National Rubber Machinery. Checker Cab Manufactur ing, Rainbow Luminous and Goldmann, Sachs Trading. CORN PRICES GAIN IN EARLY TRADING Reports of Drought Damage in Argentina Cause Ad vances. By the Associated Press. CHICAGO, January 18 —Reports of Increasing drought damage to the com crop in Argentina pushed all com prices to new record heights today. Some de liveries of wheat and of oats went also to above any level reached heretofore this season. Opening Vb to life higher, com subsequently held near to the in itial range. Wheat started at % to Ha ?s advance, and afterward rose a little more. Oats followed other grain. Pro visions were easy. Persistent absence of moisture needed in the Argentine com belt was shown by dispatches today to leading Chicago houses, and resulted in continued large scale buying of corn here. According to advices at hand, Argentine rainfall in the last week is only one-fourth of nor mal, and there has now been five suc cessive weeks of markedly deficient moisture combined with excessive heat, a combination especially disastrous during the start and development of tasseling. Drought report* came also today from the other chief corn-producing country in the Southern Hemisphere, South Africa. Meanwhile, detailed re ports showed that by far the greater part of Argentine corn acreage was in volved seriously in the unfavorable crop situation which has developed, and which follows a heavy shortage of corn production this season In Europe. DIVIDENDS. Corp rtod Bet t. able". Ara Do c^v !,>f § h. 1 hii Do *6.50 pf.... Q 1.62% Feb. 1 Jan. 15 Balto Am Ins Co. SA 30 Feb. 1 .Jan, 15 est, : :1S If?;. i?8:l Do Mb • Mar. 1 Feb. 15 Do pf Mo .50 Mar. 1 Feb. 15 Do pf BB Mo .50 Mar. 1 Feb. 15 Do pf B. Mo 05 MBr. f Feb. 15 Continental Can.. Q .62% Feb. 15 Feb. 1 imp Capweil ... Q .50 Mar. 25 Mar. I Farm Loan A fr. O 4.pn Feb. 1 Jan. 24 Olidden Co Q St'* Apr. I Mar. 18 Do extra .18% Abt. 1 Mar. 18 Dd pf Q 1.75 Apr. 1 Mar. 16 Iht Sty Rator B. Q .50 M*r. l Feb. 11 Do B extra .25 Mar. 1 Feb. n Do A o Q .60 MSr. i FTO. II Xtit Comb Eng.. Q .50 Feb 88 FSB. 18 fngersoll-Rand .. Q .75 Mar. 1 Feb. 4 IRCASa CU pf Q 125 Feb IS Jan. *1 Jnt Harvester pf Q 1.75 Mar. 1 Feb. 5 Kings Co Tr Q 20.00 Feb. 1 Jap ?* Lanston MPn«t*b © Iso £* b a ? ?*“• i! Larrowe Minina. O 37' .. Wb. 1 Jan. 25 Do extra .37' 2 Feb.. 1 _Jan.2s LBwman 7s cu pf Q I%’*> Feb. 15 Feb. 1 Lit Bros BA sf;5 f ; Feb. 20 Jan. *1 Miller A 80na... O 50 Apr. 1 Mar 15 Do pf . . Q 1.62 k Mar. 1 fjb. 15 Sat Lead pf A » 1.75 Mar. 15 Mar. 1 OT&MRST..S 175 Aar. 1 Feb. 15 at Ub Inc BA .25 Feb. l Jan. 21 Do new *5 extra .50 Nb. 1 Jdn. 21 Oil Stocks Ltd A. Q 12 »m. 15 31 Do B . ji IS 1 * 25- 1 ? jSDji »4,i ®.l it g Do M Q 175 Apr. 1 Mar. 11 ‘One-half per cent In stock. nr .ri.— > .ti Railroad Equipment. NEW YORK, January 18 (Special)' The railroads of the United States and Canada are expected to spend about 1800, 090.000 this year on new equip ment, additions and improvements. About $50,000,000 more than last year. Class 1 railroads of the United States have spent from 1920 to 1928, inclusive, for the improvement of their property the huge total of $6,628,000,000. Rail road properties are in the best condi tion in their history as regards mainte nance and equipment, say# Elmer T. Howson ffl Soles. Sigh, tow Close. StL IMAS gh Si *l. 4 100 100 100 St LA SFpi 4s A.. 8 87 Bfi% 8(1% St LAS Fr 4V4S Tl. 89 88% B7U 88% St L&.SF pr in ss. 2 101 100% 100',4 Son A A Arn P 45.. 4 90 M»% 89% SeabALrSMi 18 58% 5*% ABU SeSbAL Aril 5S 1549 48 44 4.1% 43% Seab A L con 65.,., 28 79'/* 79 79'* M a All Fla St 35 A. 17 70% «9% «9% BB All Fla 6s 35 8.. 3 68 68 68 Rnu Pac 4s 29. •. 2 994, 90% 99». Sou Pa0e1t45,.... I 90'/* 9014 90% Bou PSCIflc ref 45.. 9 92% 92% 92% Bou Pac 4%b rets.. 12 9t 97 97 t BoU Ry gSn 4s 43 87% At',4 87% Bou tty Con 55..... 3 109% 109% 109% Bou RySs 56....... 88 114% 114% 114% 9oußy«Hi 9 121% 121% 121% Sou Ry Mo A 6 48. 3 93 93 93 Tex & Pso 8s B 1977 2 101% 101% 101% ThlrdAveidjße.it 2 61% 61% Gl% Union Pae let is... 11 94% 94% 94% Union PiC Ist rs 4i. I 89% 89% 89% union pacific 4s 63. 17 88% 88% 88% Union P«C 4%* 67. 12 98% 98% 99% ViMrinta Rv Ist ft* , 9 104% 1»4% 101% Va BOUthwn con ss. ! 94% 94% 94% Wabash lsi 5s 7 102 101% 102 WabAhh 6s 76 8.... 4 98% 98% 93% Wahaah 6%s 76.... 2 103% 103% 10.4% Wen Meryiend 4i.. 12 S'% 81 81% Western M<l 5%e... 3 98% 98% 98% West Shore 4a 2361. ft 87 87 87 Wheel&LEcu is.. 12 87 87 87 | NEW YORK CURB MARKET I Received By Private Wire Direct to The Star Oflct NEW YORK. January 18.—Following is a list of stocks and bonds traded in on the New York Curb Market today with the volume of sales and prices up to and including noon: Bales in Industrial*. . „ hundreds Kith. Low. Noon. .jM.J'B.f:::::: l.lk ;. 1*515 & «'• P ’ 13 Alloa \ Fisher $4 I* Bs,, 11 Allied >aek ........ 1% 1% 1% 1 Allied PseiT 8 pfd.. a 3 1, lAm A For Pow wer.. 54% 6f% 63% lAmer iev 15 15 1$ IS Am Com Alco vte... 86 95% *6 2Am Commonw PA.. 22 22 22 US BSSSSB 9w: ?§•? ift tt! 22 Amer Dept Stores. . 23 22% 22% 3 Amer Gas AEln. .. 148 147’* 148 2 Amer Hawaiian S S. 25% 25% 25% 1 Amer Laund Mach.. 85% 95% 95% 1% Amer Lt A Trac 210 219 219 3 Amer Roll MU) |J% 96% 9,% 2 Amer sol A Chem... 29% 29 J » 39;» 5 Amer sA o p bid .. 50% so 50% 2 Amer Store* 21 Amer SupPrp A 9| 4 Am Thread pfd 5 Anchor Post F#nc#... jjV* 42 43 n 14 An«l0 Chi! KUta. .. ft S!SSSBtnB?S f 5 fS 3 Atl Fruit A Sux . .. 1% 1 15 Auto Reg Mch 11% 1L IL* 17 Auto Re« Mch cv 28% 11 Auburn Auto Co .... 141 138 3 Aviation Co of Am., 40% 40 40 3 Bellanca Aire vte . . 19% 19% lg% 4 Bliss fi W ......... 54'x §l% 7 Boeing A.Ajr 86 ,5?,, littfkfli J 5 « .k l}| : ‘SB&n'm’*. :. .:: , 1 f ;. « 1852 fi&VV::;::: * *?, 5 Co'.g FalmoT P 79% 79% 79% . 2 Columbus El Pow ...70 70 70 % COmmonwlth Ed . . 224’* 220% 224’a 2 Cons Auto Mer vte.. li 13% 14 3 Con* Auto Mer pfd 37 3,i% 37 1 Consol Dairy P 41% 41% 4}% 8 Consol Film 21% 21% ?l% 1 Con«ol O Balt 96 »6 96 7 Consol Laund 18% If Jf % ICons Ret Strs -jS'* 35% 35% % Crocker Wheeler .... H 9% 147 HI % Curtis Pttb xd 237 238 237 22 Curtis Flying Bftv... 32% 22% 22% 1 bavesa Inc '.. 34% 34% 34% 4 Davenport Hos 26% 26% 26 » 12 De For R C 21% 21% 21% '.Dixon (.ti Crucible. . 165 166 163 l Doehler Die C C 37% J7% 91<-i 4 Dominion 81 Ltd .... lDonner Steel f§. 2g 4 ; '"lgStt rn*.::;:,f:. j-5 18 Pu'toru r, 7if N n...' lj 188 lljj. 1 Duplan Bilk .. ...... 28% 25% 28% 41 Durant Mot 18% 17% 18 » 24 El Bond APh Sec Cor 191 188% 190 BEm POW Cor 51% 60 19 Evans W»U Lead.... 20 + * 30% 20’* 3 Fenny Far fhc 34 38% 34 5 Fashion Pirk 47 4? 47 10 Fed dels Mf* A. 47 45% 47 5 Federal Water A 58% 53% 58% 2 Firestone Tire 240 % 240V* 240'/* 2 Fokker AlrP Am 23 23 23 l'« Ford' Mot Co Can. .688 675 688 20 Ford Mot Ltd 18% }g% 18% 1 Foundation For A.., 16% 16% 16;* 171 FOX Theaters A..... 30% 38 38% 6 Freshman Ch6s Co. . 10% |O% lO'* lOen Am Inv 84, 84 84 17 Sen Bait 10% 'O% 10% 3 oen Bak pfd.,- 7} 77% 77% 6 Gen 8r0nre.......... 45 45 45 5 Gen Cable war 25% 25' 2 25% 33 den Flee Ltd reg . . 14% 14% 14% 3 gen Firepefs n ji's js% 13% 25 gen Pub Ber 37% 30% 31% 4 gilbert AO. 22 21% 22 49 now rt sesi a Biecl? SOoidberg Stores pfd. 86% |6 86 6 Goldman Baehs..... 133% l’iJ> 122! 4 inram* Co Ltd ret*. 77% 76’» 77% 3 Grigsby Grundw n.. 152 150 150 4 Ground Grin Shoe pf 30% 36% 36% 1 War oln C St A 4% 4% 4% 3 Hart Parr 78% 71% 72% 1 Hartman Tob ?! 21 21 3 Hayaart Corp 46'* 46 46% 12Hlrom vt'alk O A W. «i% 81% «l% Vi Vi * 3 imp Ghem Ind in% 10% 10% 4 Insur Co N A S 5 84% Biv, lninsur Seeur SS’i 37% 37% llrttl Prod 13% 19% 13% % intern Util B . 16 16 % Isotta Frasch war 175 175 175 6 Ital Stjoerpow A 13'i 13% 13':, 2 JOekS BlOa vte.. 40% 39% 39% 1 Keystone Aircraft..... 48% 48% 48% 2 Klein Henr*’ ot pfd. 20% 26% 70% 4 T.arkawan Sec.., 45% 45% 45% 6 Lake Super c 2ft as 25 3 Lambert Bros its 4% 4% 4 3 * lLAne Bry*nt 79% 79% 79% 1 LefeoUft Real.. 35% 35% $6% 1 LefcO't Real nfd 3*% 38% 38% 2 L#h coal A Nav 153' * 132 153!* 5 Libb Gwens Bh 01... 2(io«, 206% 800»i 2 Long tel Lt 30% 50% 50% 99 Marconi Inti Mar ... 25 23% 24% 1 Marion Steam fihov n 48% 45% 18% 4 Mavis Inttlln* K 9% »% 12 McOraw Hill Pub wi. 48% 47% 48% 3 Mead Johnson 62 3 * 67% 89% 10 Mid West Util rt* 6"i 6 8% 10 Mohawk Hurt Row... 67% 66% 67 8 Mond Nickel ret*... 60 58 60 SMenteeat d#b rtn... 5% 5% j% 1 Nathan Straus 32 32 82 2 Nat mk 5% 5% 14 Natl Fam Btrs .74 *3 33% 17 Nat Rub Mach 38% 37% 37% 6 Nat Trade Journal... 33% 12% 33 ,!&«%&:::::::: 3 New York March 41% 41% 41% 2 Niagara Shares 34% 33% M 3 * 9 Nichols A Shep 31% 80 80 5 Niles Bent Pnd ..... 2007, 200% 200% 87 Nor Amer Aviation.. 18% 18V* 18% 14 North Eastern PoW.. 843* 53% 54 8 Nor Sta P A 142% 142 142% 8 NOr Sta P rts 7% 77 2 Northwest Engrfc 44 44 44 8 Parke JDaVls Co 54% 53% 54% 44 Penn Ohio Ed. 71% 67 8f % P*nn O *rt pfd...... 98% 95% 95*4 3 * Penn oEd p pfd,... 1057% 105 105% 5 Penn oh Ed oo‘l war *53% 45 45 2% Pheio Dodge Cor ... 209 207% 2073* 2PhH'P Morris 4 4 4 1 Philip Morris A 26% 96% 26% 1 Pick Bar A Co pfd . 16 IS if 2 Pl*rce Oovernor 34' a 34 34 1 Pitts Pi Qlass n .... 9 9 9 % PUb BPA L fM ... 98 3 i ggs, 98>, 1 Pyrene Mfg xd S% S’, 8% 25 Radio Corp B pfd... 75% 75 73% 20 Rainbow Luminous.. 8474 60 63% 1 Raybestos 78 72 72 V*Reai Assn Bklyn 500 500 500 1 RepetU Candy 70 .79 .70 3 Repub Bra** A 9t 91 91 1 Rep Mot T-k ctfs .. I 3 * 1 3 « l 3 * 22 Roch Cent Power ... *9% 48% 49 1 Ross Gear A Tool ... 50 60 30 % Safe CHS Lt 200200 20ft 1 Bafe*T-BtAt 27»* 27’, 87% lSßchitlte Real Bst .... 89% 39 39% 1 Bchutter-john C A .. 15% 15% 15% 3 Bcc Gen Am Inv ... 31% 31% 31% .lßearal Lock A Hardw 12’w .12% 12% *1 S' >i R C 60% 60% 60% % Selected tudust Inc. 20%> 19 7 s 20% 3 Belect Ind Inc pfd.. 100 • 100 10? 3 Bentrv Safety Contr. 12% 12% 12% 29 B-rv JBI v£c 15% 15% 13 * 5 Bhealfer Pen 00% 59% 80% lßharonßtl Hoop ... 38 38 38 2 Sierra Pac E 54% 54% §4% 3 BlkofskV Aviation .. 32% si 3 * 32% SBtlica Gel ctfs 26% 26% 26% 10 Binaer _MfB Ltd 9'% 9 9 1 smith Co (AO) 195 185 115 13 Bnnatron Tube 41 40 41 IS lit: 88 1 Bou C E C Pfd 24% 24% 24% 1 BouthW Dairy Prod... 13 13 13 9 Southw gtrs 28% 27 3 , 28% 2 BouthW Btrs pfd A.. 27’, 27% 27% 12 Bpnttlah A oen rets . 5% 5% 5% 8 Bpencer Kellogg 47% 46% 47% 8 Bqulbb BOhs Il 71 78 JgSffc Slk 8k ilk 3 Butheriand Paper xd. 19% 19% li’* 2%Bwift A Co 139% 139% 139% iHSKSP?.:::::::: P lOThomps Prod A .... 66 63% 04 S|ssK?smit“: ilk iik t?k 2 Tob Prod ExoOrt ... 3 3 3 3 Tobacco & Allied St wi 55% 55% 5614 6 Todd Ship 6|% $8 jK 7 Trahs Am 130% 130 130 4 * 29 Trshscon Air Trap . 27% 27% 27% 114 Trans Lux DL P 8 A U'3 10% 11% 7 Trunz Pork Stores.... 69% 55% k 59% 1 Tun* Sol Lamp....... 17% \Vk\Vl> 28 Union Tobarco 16 }#»; t»% 1 Uni Biscuit A 85 05 *5 13 Uni Ele? bond rta, .. 3 3 3 17 Union Gas Co 87% 87% 87% 32 Uni G Imp C I|B% lfi% ltß’s 30 Uni Lt AJP A.. |K 31% 33% 1 Uni LA P A pfd 100 100 100 % Uni Milk pfrt ....... 77% 77% 77% I Uni Pft. Shar 10 10 16 SlHwS| i|% 8?% U a Freiglit of Del.. 98% 96 98 U B Rub Reel 24 24 34 “uwp'l'lmlT.::: ilk Ilk iik 12 Vp*t Mfg 34’* 34 34 1 Wait A Bond B 21% 81 3 4 21% 7 westvacn Chlor 56 55 3 ., 55% 6 whitenight Incll l , 16'. 16% J«i«s oflo Mar, Meat. 27 a? " 27 88 Winter BJ. je% Tsl, 16% ll 1 * ||^ Sales in MINING STOCKS, hundreds. 120 Am Con MAM Ltd... .09 .09 .09 TOAriz Globe p........ .85 .95 .24 i?SM»TSk: 'ik iS ■?:< SBcSS! IfivliJS:: .If* .IS‘* .11 ‘ 55 CresSOn Con G01d... 1A j,*, 150 Divide Extens 05 ,oo .qs 1 f I 1 Golden center M.... 11% ]i% ||% 18 Hud Bay Min A Bm. 20% so% 20% 25 Kenn COP n 79% 79 79% 14 Ktrkl & l ake Gold . 118 1 3 4 1% 13 Mason valley ....... $ 2 | 3 Mi« go Can ill ill ill 3 New Cornelia 48% 42% 48% 3 Nlplssin* J% 3', 3% 9 Norahda 410 Ohio Copper 2 1 * 8% 2’* 11 Premier Gold M 2,\ 2,’. 2.*, 5 Roan Antelope Cop.. 46 45'* 45’» Ifegeei *•*■!' 20 Uni Verde Ext 20% 20% 20% lUm Zinc S4ie]t.. y .. 1% i4a ila l? Walker P Mines 3% 70 Wendon Cop 2% 2 2% l Wright Harare! .... 2 3 a Sales in INDEPENDENT OIL STOCKS, hundreds. 9Am Maracaibo Co 70% % i ‘* P'::::: IT if: C 7§i!%.rM™.:::: J' &“ ; ‘ IJM-ftS™*.:::::: $ .g >k 4 Homsokla o*l 6% 6 •:« sxntercont Pet 2% 2 2% 1 Lion Oil 32% 32% 32% .!» .«:* 15 Mo Kansas Pipe Line 21% 21 31% 2 Mount Gulf 1% IJa ,12# 6 Mount Prod 19% lf'j 19 » 2 New Bradford 0.. . 4% 4% 4% 10 New Mex Arlx Land. 8% ? IN Y Pete Roy 20% 20% 30% Nor Cent Tex 0i1... 10% lOV* iOVs Par Western Oil .... 22% 23 23 Pandem oil 2% 2 2 Pennok Oil Corp 6% j!' 3 1 Reiter-Foster Oil .... 6'« 1% 0% ISSTtM#-::-::::: » 4? 8 ili?;sS8lltt*; a ::: A’ *5 A 10 Venezuelan Pet 5% 8 4 s' 4 1 Woodley Pet 6 6 6 2 •*Y” Oil n , 4% j% 4% Sales STANDARD OIL ISSUES ANp FOR in units. MER SUBSIDIARIES —gTpcKßj 200 Anglo Am OH }5% 18% 15% 100 A A O non vte }4’» 14% 14% 100 Borne Scrym n 41% 40% 40% 130 Buckeye P L 73% 78% 78'/* ifaAvß‘ 3008 inter Pet Ltd.' s7% ||% ||% Mko W tn :% f? 700 South Penn 0 67% 67 , 6. « 2 188| 8 i> alio V,cuum tllQ Oiii' mk mk ilik Sales BONDS, in thousands. , . A ... 11 Abitibl PAP 5s A '53 87% 87% 87% 27 A a Pow 4%s '67... 95% 05% 65 4 7 Alfiea Pk 8s '39 ... 49% 40% 49% 4 Alum Co Am 5* '52. 102 10i% 102 15 Am Aggre Cor 6S '43 115 114 * 11J 61 Am Con Ale 6* A '43 131 130 131 11 Am gas A El 58 2028 97% 9] SAmPwA Lt 65 2016 108 100 108 lAm Roll Mill 5* '4B 96% 9j 3 4 96% 2Am Beating 6s 86.. 97 97 97 1 Am Sol 6%s '36.,,,. 116% 116% 119% 4 Appal El Pw 8s '44 . 98% 91% «8% 80 Asso o*l * '■** }l9 4 }l9 }l9 83 AsstiC OA E 5%S '77 104'* 104 104 11 As GA E 4%s 48 W'W 103 10|?« *B* lAs Sim Hard 6%S '33 86% 88% 19 a 86 ATASFe 4%S A '49 wi 115% llj% }}s% 5 Beacon Oil 6* '34. .. 112 , 12 113 24 Ben T Can 5s A '55. 102% 102 IM% 25 Can Nat Ry 4'«s '6B. 95 96 98 10 Caro PAL 5s f 86..., 102 101% 101% 1 Cent Sta PAL 5%s '44 95% 05% 98% 2 Chi Rys cfs deo Ss ’27 80 3 * 80% BOJ9 ICU Serv 8s '6B ~ |O% 90% 90% 3 Cft Serv Gas B%s '43 91% fl% *l% 8 Clt Ber Oa* PB* '43. f|% 98 95% 4 Cit Serv Pow s'*s 52 97 §6% 94_s 5 Cont i Oil 5%*_87... 94% 94% 04% 2 Cudahy s ,! i* 37 99% 99% 9#% 1 Denv A Salt L 6s 'BO. 90 90 90 14 Det Inti 6%s '52 .., 95 94% 95 5 Dix Gulf O «%s A '37 87 87 87 SEI Paso N O BV*S 43 100 100 100, Simp OAR B%s ’43. 90% 90% 80% 2 Fairbanks Mqr 5a '42 93% 9a% 9j% 5 Fmrs N M I 7s of '63. 92% 92'i M'/» 1 Fed Bug 6s 3 Gatineau Pow 6s '56.. 98% 95% 95% } Gfttineau Pow 6s ’41,, 99% 90% 9?% 3 G Am In 5s A ww '33 84V* 84% 04% 6Gen Laun M 6%» '87.102 101% 101% 2 Oen Rayon 6s '41..... 94 94 94 7 Georgia A Fla 6s A '46 70 70 70 4.Georgia Pow 5s ’67 . 98% 98 91 Vs 4 Grand Trunk 6%s '36 107 107 107 8 Gulf Oil Pa 5s '47... 101% 101'. 101% 5 Hood Rub 5%s ’36. . 82% 83% 13% iSms'SeßJ® >l H a * « ' 1 111 Pow A L 5%8 '54 100% 100% 100% 13 Ind Oil m Gas 8s '39 107% 10}% 106% 4 Inti Pow Sec 7S 1 ’B7 95% 95% 91 % 5 inti sec Amer 5s '47 90% 90% | % 10 Interstate Pow 5a '57 95% 95'* f % 1 interstate Pow 6s '63. JJ% 95% ,0 % 28 Invest Cor Als A '47 107 105% 103% 2 Kelvin Corp 6s '36... T5 7 a 7J T; 8 {^Phlgfi 11 PoW* is 48 A!!!.’ 10?% 105 10J tii 6 Libby McN AL 5s '42 93 92% 93. 8 Manitoba P 5%s A 'sl 100% 100 3 . lW % I McCord Rad 6S '43. f|% 98 3 * 0 % Memphis NG 6s '43 f} 4 * 97 4 . 0 % Milwaukee O 4%s 's7 99% 99% f % faluwt WTO TO 9p! 1 Nftrrag Co Is A '87.. 99 % 99»'* .01 % 1 Nat D Prod 6%s ’25 101 101 10 , 1 Nat P A L 6s A 2026 104'/ 104' • 104% 23 Nat Pub Serv 5a '78.. 82 4 . 82% 11% 6 Nat Rub M 8s '43 . . . . 156% 152% 16! % 5 New EG& ESS '47 96 4 , 9f 4 . 01% ■imwitM 8« i] 5 Osgood Co 8S 38.. ...100 100 100 TOAH¥if*J:r i 11» ft T;ji: Jj • S§ ' if! 1 Sich r-n i/k’» ji If", if*. ■laissifV'w’VM 1 , 1 , isxhw **%», igk ,!|SSB?li3i‘. 4 4 fV l|;.l s 'sblPlTtf-.T- iik k k 1 Sun Maid Ra 6%J '4l 7| 78 78 1 Swift ACo 5s '32.... 99 4 4 99% ,?9% 4 Trans Lux B%s '32.. 111% 111% 111% imTiftAA-ax, fe-. ft, 111 I Sub S%* •!!:;; 'sf** Ji% s»% 1U S Rub 6%s 35..... 100,, 100 100 k|k 1 Wh«1 P B* US i '■» "in U’. Sales in FOREION BONDS, thousands... .. ’ BO .. iis'SSi MtH jft.ht: iMj. In I S 1 Finland R Mtg 6s '6l 89% MVa 10% ! free'st r prus ,B fs**6t..' L’a 59% ]|% 2 Gelsen Min 8s 34 ... 69% 59% 59% 1 Qer Cons Mun 7s '4s 97 4 t f]% |7% 7 oer Cons Mun 05.'47 §5% 08 » 18% ■sfc.'nST’nA ft ,fc ; . |s> 'Bfc |}k !* r „?teii.v. ? iissk » • |i ' 2 Potrero Sur 7s '47 ww 75 73 73 1 Potrero Bug 7s 47 76 75 73 4 Rib Orsnde 7S 'B7. . 95 4 » 95 9^ 3 Santa Fe City 7s 46.. 96 9« 96 14 7l''4i wa M 88 lUJII Ind 6%s '4l 91% 01% 91% xd—EX-dlvidend wi—When issued. warrant*. j * CHICAGO LIVE STOCK MARKET CHICAOO, January 18 <*») united States Department ot Agriculture.— Hogs—Receipts. 44,000 head; market opened strong; later trade steady with Thursday’s average top, $1.40, paid for lso-210-pound butchers, medium to chdice 290-800-pound. $.00a9.30; 200- 250-pound, 9.00a9.40; 160-200-pound, 0.00a9.40; 136-l«0-pound. |.50a3.38; packing sows, 8.15a8.75; pigs, medium to choice, 90-130-pound. 7.25a8.50. Cattle—Receipts. 5,500 head, calves —Receipts, 1.000 head; market dull; steady to weak trade on meager supply of lower grade of fed steers; few loads at 12.50 down to 11.00 and below; weak with recent decline: other classes most ly steady, better grade fat cowa in nar row demand; slaughter classes, steers, good and choice. l!500 to 1.900 pounds, I8.00al9.90; 1,100 to 1,300 pounds. 13.00 aiO.OO; 990 to 1,100 pounds. 13.00a1g,29; common and medium. S9O pounds up. 9.90a13.00: fed yearlings, good and choice, 750 to 950 pounds, 13.25a16.50: heifers, good and choice, 850 pounds down, 11.50a 13.50; common and me dium. 8.50all.50; cows, good and choice, 8.25X11.26; common and medium, 7.00a 8.25; low cutter and cutter. 5.75a7.00; bulls, good and choice (beef), 9.75a 11.75; cutter to medium, 8.00al0.15; vealers (milk fed), good and choice. 15.50ai8.00; medium. 13.00a15.50; cull and common. 8.00al3.00; stocker and feeder steers, good and choice tall weights), U.00a12.25; common and me dium, 8.75a1i.00. Sheep—Receipts. 12,000 head; market active, steady to a shade higher; bulk fat lambs, 16.50a17.00; strictly choice kinds held above 17.25; sheep, steady; fat ewes, 9.00a10.25; feeding lambs held strong to 25 cents higher, 15.75 down. Lambs, good and choice, 92 pounds, down, 16i25a17.35; medium. 14.50a18.29; cull and common, 10.35a14.50. Cwes, medium to choice, 150 pounds, down, $.00ai0,65; cull and common, $.75a1.00. Reeder lambs, good and choice, 14.00a 15.50. * Glidden Company Expands. new YORK, January 1$ UP>.—The Glidden Co. of Cleveland has acquired the Dunham Manufacturing Co. of New York, a food products concern. *—<—*—•-—-—— The cotton gin was invented by Ell Whitney in 1793. COTTON IS STEADY IN OPENING SALES Relatively Firm Cables Cause Initial Advance—Selling Offsets Gain. Bv th<* Associated Press. NEW YORK. January 18.—The cot ton market opened steady at an ad vance of 4 points on near months, which were influenced by relatively steady cables, to a decline of 0 points on the later deliveries, which were de- i pressed by overnight selling orders. The general list eased off right after the call under liquidation attributed to disappointed holders, with March de clining to 20.10 and July to 19.73. or about 7 to 9 points net lower, but there was some trade and local buying, and the market steadied up a few points from the lowest by the end of the first half hour. A moderate volume of business was reported at the start, but trading became very quiet later. Private cables said that trade calling and local buying had absorbed hedging and some Bombay liquidation in Liver pool. that there was further cloth buy ing by China, but a disappointing de mand from India. BY KENNETH 8. VAN STRUM. NEW YORK. January 18.—The re cent advance in U. 8. Rubber and Fisk, while Ooodrich and Goodyear made ; little further progress, was largely due ! to the belated recognition of the fact that the actual dollar profits of rubber companies in 1928 did not vary as wide ly as their balance sheets might indi cate. Bookkeeping Differences. After the sharp drop In crude rubber , early last year U. 8. and Fisk followed ' the extremely conservative policy of | writing down not only crude rubber, but i also goods in process and finished i articles to the low market prices of rub | ber then prevailing. Ooodrich and ! Ooodvear only deemed it necessary to take losses on crude rubber. As a re sult the bookkeeping methods of U. 8. \ and Fisk showed staggering paper losses, ' which were greater than Ooodyear or , ! Goodrich. On paper Goodyear and Ooodrich have fared much better than the other two companies, although the , drastic writing off policy now puts U. 8. and Fisk in a splendid position for the new year. Rubber Price* Favorable. Leaders in the rubber industry do not expect further serious declines in the price of crude rubber, since present prices are close to cost of production and the consumption of rubber is in creasing rapidly, last year’s consumption being 19 per cent above 1927. Prices have recently been firm in spite of the fact that large shipments of crude rub ber released nv repeal of the Stevenson restriction act are expected in New York during the next three months. The I stocks of rubber in London and New York, hewever. are low, and this large ■n-ya ■iw nej»n mWW f'j I 1 " ■'VWv j | jvkfri l N V7/ OOOOYIAII ! , , , . 1 I i HI [-1 I 1 I¥l H I r 1 I ' i 1 |W» I ■—l supply of new rubber will enter the in dustry at a time when the market Is particularly well able to absorb it be cause of larger demand for tires created by large automobile production. Rubber companies see a change for the better, and large demand for both original equipment and replacement business this year, coupled witn steady and possibly even rising prices, should make for large profits. Important mergers and changes of ownerships within the industry add further to the speculative possibilities of rubber securities. Recent Developments. Recently an increase in the price of Pennsylvania crude oil occurred con currently with a drop in the price of crude oil at the well and midcontinent fields and a new high record for crude K reduction. Oil men point out that the lerease in the price of Pennsylvania crude means little so far as the industry as a whole is concerned, since Pennsyl vania production accounts for only a little over 1 per cent of the country's total. They say the Immediate future of the industry depends upon prices and production In the midcontinent field and In California. During the past six years the de mand for gasoline has duobled. and since gasoline represents about 40 per cent or the industry's product the rapid growth of these markets is the brightest spot in the industry. Improved gaso line extraction methods have also help ed by increasing percentage of gasoline obtained from crude oil. On the other hand, fuel oil is in a weak position and the increasing importation of low-grade oil from Venexuela has further in creased the difficulties of the crude market. Production Crisis. The fortunes of oil companies vary widely, depending upon whether they are large producers, refiners or retailers and also upon the fields in which they operate. For this reason it is impossible to discuss the possibilities of oil securi ties as one group. The nearest approach is to watch the crude petroleum pro duction, which in 1927 averaged 2,450.- 000 barrels dally, in 1928 about 2.448.- 000 barrels and which has started off the Sear 1929 with a record production or ,391,000 barrels daily during the first week and 2,593,000 barrels during the second week. If average daily produc tion could be kept down to 2,500,000 1 barrels during 1929 the position of the Industry would improve rapidly, but If production averages above 2.800.000 the Industry will suffer from generally lower oil prices. Only those companies causing the increased production would benefit by such overproduction. (Copyright, 1929.1 Stock Split-Up. NEW YORK. January 18 tors of the Brooklyn Fire Insurance Co. have voted for a 5-for-l split-up of stock, subject to approval of stockhold ers at the annual meeting April 11. it is proposed to incrcass capital stock to 2C0.000 shares of |5 par value from 40,000 shares Os $25 par. FOREIGN EXCHANGE. 'Quotations furnishes by w a. Mibb# A Oo.) Nominal told Selling cheeks Value (or *.4r>. today. London, pound M SSSS 14.1 S Pari#, franc.. iff Brussel#, be1t#........ .iff .t||6 Berlin, mark .Bait .fS7|>* i Rome, lira .161 osaS** luriin. franc .iff .trail? 1 Athens drachma .l|J ....... Madrid, pe5eta..,,.... .193 .1413 prttmL* . .‘6i*B copenhkten? 1 crown.'lß 13884 *‘ Oslo, crown .208 .2688 Stockholm, .as* .2074 FINANCIAL, Mortgage Money Loaned At Lew Interest Rates Tyler & Rutherford ftroresenttfi# Mataal Beneflt Life lea. Ce. 1520 K Street Main 47S Money Available (or FIRST DEED OF TRUST LOANS On Completed Fropartiss and for Contraction U»o Rcasonobla Interact and Commission Rata a JAMES F. SHEA 643 Louisiana Ava. N.W. LOANS Let us have your applications , loANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. I 1 Mortgage* Investments James y. pennebaker I Main 5328 1520 K St. N.W. _6% NOTES Secured by First Mortgages Safe —Conservative Make your savings 41 Yeirs’ and surplu* funds ,7 . work for you at l.xpenence the higheat Inter- In financing est rata consistent home# and in the with absolute sale of these se safety. curitles. Wm.H.SaunlersCo !nc REALTORS Main 1016 1433 K LOANS ' On Improved Property j in Maryland and District of Colu mbia ! 6% Interest No Commission Charges WEAVER BROC YY realtors O 809 13th Strsst N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company - / Money for \ ' First Mortgages/ Make application for a construction loan—or for reflnancini—to any consistent amount— and just as quickly as it can be considered— and approved the money is available. Always Lew Rate es Interest end CommU.ton B. F. SAUL CO. Real Estate Financing Second Trust Notes purchased at reasonable I discounts, secured on District of Columbia and nearby Maryland I property. We Solicit Your Application National Mortgage & Investment Corporation 1004 Vermont Ave. N.W. Main 5833 REAL ESTATE LOANS 5»/2% Homes, Apartments and Business Propertiaa In District of Columbia and Nearby Maryland-Virginia 3-5-10-Year Torino Prompt Replies Randall H. Hagner & Co. (Inrornoretedl Decatur 3600 1321 Connecticut Avenue Mnrtgage Lean Correspondent New York Life Insurance Co. 15