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CONVERTIBLE BOND ISSUES ARE ACTIVE Utility and Copper Groups Show Strength—Turnover Becomes Heavier. BY CHARLES F. SPEARE. fippci*! Dispatch to The Bt*r. NEW YORK, February 28,--Specu lative conditions outweighed those of money rates today and were responsible for an increase In the volume of bond transactions. This was largely in the convertibles, which were more buoyant than they have been in several weeks. There was a heavy turnover in Inter national Telephone 4'-s at an advance of 2’4 points. They have now recov ered all but I*2 points of the early February decline of over 8 points. The new Atchison 4% per cent convertibles were brought over from the outside mar ket and contributed quite a bit to the day s total. They promise to be a promi nent member of the speculative bond list. Anaconda Copper 7s rallied eight points, touching a new high for the year. Public Service of New Jersey 4’ 2 s gained 3 points and there were frac tional advances in Alleghany Corpora tion ss. American International s' 2 s and International Cement ss, with the Italian convertibles moving in sympathy with Americans. More favorable business conditions helned such issues as Walworth 6 1 js and Deerv 7s. the latter advancing nearly 6 points from their recent low. On the other hand, the heavy tone in Consolidation Coal 5s and Hudson Coal 5s continued, and Dodge 6s were freely offered at par. The proposed lease by the Missouri Pacific of its subsidiary lines has an interesting aspect in that it mav make such issues as Interna tional" Great Northern adjustment 6s a direct obligation of the parent com* panv, and thereby materially improve their status. High money rates at the end of the month kept the better grade issues down, with the average for both this group of bonds and for foreigns at the lowest of hie year. United States Gov ernment Issues were irregular, with some of the Libertys higher and some of the Treasury certificates lower, but small transactions in both. The first bond issues of the week were offered today, one $10,000,000 State of Louisiana highway 5s and the other Pacific Public Service 6 per cent convertibles. The condition of the market for tax-exempt securities Is well Illustrated in the high yield on the Louisiana bond. Being tax exempt, it gives a net return which makes some of the legal bonds and many of the second-grade rails and public utilities look high in spite of the decline that they had in recent months. lived Million Years Ago. One of the most remarkable and most perfect fossil specimens in existence has recently come into the possession of the Peabody Museum of Yale University. It is the fossil of the ground sloth, or Nothrotherium, existing in Pleistocene times from 500.000 to 1.000.000 years ago. The fossil is described by Prof. Richard 6. Lull, director of the museum and sterling professor of vertebrate paleontology, as being in a most unusual state of preservation, for not only is the entire skeleton present, but the bones are held in articulation by the original tendons and ligaments. There are also several patches of the hide. The hair remaining is dense, rather Jong and straight and of a pale yellow- color, , which gives a fair conception of the ' •clothing of the entire body. Washington Stock Exchange SALES. Washington Gas 6s “B"—$100 at 103%. ; ' SIOO at 103%, SIOO at 104. Washington Gas 6s "A”—$1,000 at 105. Capital Traction Co. —50 at 105%, 10 at 105%. 15 at 105%. 15 at 105%. Potomac Electric 6% pfd.—3 at 112. Washington Rwy. & Elec. pfd.—s at #9, 10 at 99. Merchants’ Transfer & Storage com.— 20 at 124. Mergenthaler Linotvpe—lo at 108. 10 at 108%, 10 at 108%. 10 »t 108%, 30 at 108%. 10 at 108%. National Mtge. & inv. pfd—loo at s\. AFTER CALL. Washington Rwy. & Elec. 4s—sl,ooo at 8834. Washington Gas ss—sl,ooo at 101*4. Ter. Ref. & Whrs. Corp.—lo at 53, 10 at 54. Federal-American Co. com.—lo at 53%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. . Bid Offer. Am»r. T«l. A Teits. 4% 99% Amer Tel. A Telia. 4%s 99% ..... Am Tel, A Tel etj. tr. »«.... 103% Anaeeitia A Pot. R. R. 8* 95 96% Ana A Pet guar- 8? 95 C. A P. Telephone $s 99 ’* c. A P. Tel. of Va Si 102 103% Cap. Traetton R. R. 8* ioo% 101 city A Suburban Bi., 94 97 Oeortetown Gas l»t 5* 101 102 Potomac Elec, lit Se 99% 100 Potomie Klee. eons. 8% 101% 102% Potomac Elae. 6a 1983 196 Waah. Alex A Mt v etf.... 2 4 Wain.. Salto A Annap. 8«..., 80 svaihiniton Oaa 8a 101 Wart. Oaa 6». aerlea A 104 108 W»rt. *!- ** r, « * 105% 181 Wart. Rwy. A Elec. 4a 88% 69% Waah Rwy. A Elec, ten 6s 101% 103% MISCELLANEOUS. Barber A Ross. Inc., 6%a 94% 98% Chatn-Vanbit Hotel 6%s 94 ... Chestnut Parma Dairy 6%e 106% 107% Chivv Chase Club 5%s 102 103 D. C Paper Mfst. 6s 94 97 Pot. Joint Stock Ld Bk Ss , 93% . . W U Cold Storage 5s 90 Wart Cor.s. Title Co. 6s 100 ioa’ STOCKS. PUBLIC UTILITY. Amer Tel A TeJsta 217 .... Capital Traction Co 108% 106 N A W Steamboat 304 Potomac Elec 6” pfd *lll% ii 2 ‘ Potomac Elec 5%"„ P fd *IOB% 108% Waah. Rwy. A Klee. com *B2B 600 Waah. Rwy. A Elec, pfd *9B3s 99 NATIONAL BANK. National Capital 980 990 Columbia 400 450 Commercial 258 260 j Dirtnet . 240 3*o Federal-American 3*2 450 i Liberty 2** 278 I Lincoln 420 National Metropolitan 4ko 450 gi**» 872 560 Second 256 260 National Bank of Waehinyton . 311 313 TRUST COMPANIES American Security A Truat Co. 470 480 Continental Truat 135 Merchant*’ Bank is. 3 is*" National Savinta A Trust C 0.... 870 «no Union Truat .. |fl SM Waehlnxton Loan A Truat 820 880 SAVINGS BANK. Bank of Betheada 81 90 Commerce A Savings 330 East Warhliijton 38 4l" i Potomac 315 »50 ! Security Savin** A Com 513 525 Seventh Street 310 United K-atea got) 700 ‘ Waehir.ston Mechanics' SO FIRE INSURANCE. American .. 340 350 Corcoran 150 Pi remen's 40 National Union 27 . TITLE INSURANCE Columbia Title 13% jg Real Estate Title 328 238 Title A Inv Co of Md com . 45 49 Wart. Cor.s, Title pfd 82 MISCELLANEOUS. Berber A Rosa. Inc., com 20 23 Chevy Chase Dairy pfd *IOB% 110 Chestnut Parma Dairy com ... 213 Chestnut Parma Dairy pfd.... 110% 111% Col Sand A Gravel pfd 98*. 95% Commercial Natl. Co pfd ... 104 RC. Paper Mfe pfd .87 90 la'rlet Natl Securities pfd... 102% Federal Storage pfd 120 130 PederaJ-Ameneen Co com .. 53% ,54% Federa’-Amclear: Pfd 102 503 Lanston Monotype *179 no Merck. Iran* A Storage U* 130 Merrh Trans A Htor pfd ’09% 110 , Merienthaler Linotype I**' inf.% ■ Natl. Mtae A Ir.v. pfd 5% f% Peeples Dru* Stores pfd "117 120 Security 3-orase .... 124 Ter Ref 8 Whrs. Oerp . 52 55 Wash Convention Ha'l Pfd . 75 100 Wasri Mecn M'lf com 11 14 Waah Medical Bid* Corp 90 Wo-dwsrd A T ethrop pfd 109 . . . ‘Ex dividend. FINANCIAL*/ ON NEW YORK BONDS STOCK EXCHANGE] j Received by Private Wire Direct te The Star Office UNITED BTATFB. tOaie. ant tn SI.OOO • Sales. Hlah. Low Close ' Lib 3 %5... 11l 9731 9724 97 31 1 Lib Ist 4 6 99 26 99 26 99 26 l.lh 4th 4%■ 77 99 31 9929 99 29 ! us.i%s... 10 100 is ion is ion 14 j US 4s 1944. 70 103 14 103 13 103 It i j US4 %s S 3. 41 108 12 108 5 1085 | FOREIGN. Sales. High. Low. Close. 1 Australian 55.... .... 1 92% 92% 92% j Argentine 6s Ju t>9. 5 100 100 100 j Argentine May '6l. 17 100% 100 100 I Argentine 6s Oct 69 4 100% 100% 100% Argentine 5%■‘62. 8 96'* 96%, 96% Argentine 6s A.... 12 100% 100% 100 Vs Argentine 6s B 5 100 100 100 Australia 4%s 66.. 17 87% 87% 87% Australia 6s 1966... 3 95 95 95 Australia 5s 1957.. 17 95 94% 95 Austria 7s 3 102 102 102 Bank of Chile 6%5. 15 96% 96 96% Bunk of Chile 6%5. 10 99% 98% 99% Belgium 6s 14 IOOV4 100 100 Belgium 6%s 19 106 105% 106 Belgium 7s 1966... 14 108% 108% 106% Belgium 7s 1956... 85 106% 105 1 * 105'vi Belgium 7%s 11 114% 114% 114% Belgium 8s 3 109% 109% 109% Bolivia 7s 2 90% 90% 90% Bolivia 8s 9 101% 101% 101% Bordeaux 6s 12 100% 100 100 Brasil 6%s 1926.... 33 95% 94% 34% Brasil 6%s 1927.... 30 95% 95 95% Brasil 7s 24 100% 100 100% Brasil Ss 3 107 106% 107 Bremen Stats 75... 1 100% 100% 100% Canada Ss 1931..... 2 99% 99% 99% Canada 5s 1952.... 31 10*S 103% 104% Canada 6%s 1929.. 23 100 100 100 Chile 6s '6O 39 93 92% 93 Chile 6s'6l 8 93 92% 92% Chile 7s 1943 2 102% 102 102% Colombia 6s Jan’6l. 6 86% 86% 86% Con How Japan 75.. 29 98% 98% 9a% Copenhagen as ct. . 8 96 95% 95'* Csecho 8s 1952 1 109% 109% 109 * Danish Mumc 8s B. 1 109% 109% 109V* Denmark 4%s 13 88% 88% 83% Denmark 6s 5 104 101 104 Dutch East 16s 47.. 1 103% 103% 103% Fiat 7s x war ,46... 3 97 97 97 Finland 7s 2 100 100 100 Framerican 7%5... 1 105% 105% 105% French 7s 46 108% 107% 107% French 7%s 38 111% 111% 111% German 7s 8 106% 105% 105'* Ger Am Bank 75.... 12 97% 97% 97 % Ger Gen Elec 75.... 3 101% 101% 101% Greek 7s ll 98% 98% 98% Haiti 6s 2 100 100 100% Irish Free Stats ss. 5 96% 95% 95% Italy 7s 27 97% 97 97 Italian PubS 75.... 7 93V* 93 93% Japanese 4s 16 92% 92% 92% Japanese 6%e 14 101 100% 101 Lyon 6s 3 100 100 100 Marseille 6s 25 100% 100 100 Mexico 4s 04 asntd. 5 19% 19% 19% Mexico «s'lo asnt.. 16 19% 19% 19% Milan 6%s 13 891* ggi* Montevideo 7s 2 101% 101 101 Netherlands 6s 64.. 2 99% 99% 99% New So Walts 685.. 13 93% 93 93 Nord 6%s 7 103 102% 102% Norway 5s 1961.... 12 96% 96V* 96% Norway 6%s 15 100% 100 100 Norway 6s 1941.... 16 102 H 102% 102% Norway 6a 1944.... 3 102% 102% 102% Norway 6%s 1952.. « 102% 102% 102'% Orient Dev 5 %s’s7. 20 87% 86% 86% Pans-Ly-Mea 65... 4 100% ]OO 100% I’ar.s-Ly-Med 7e... 5 104% 104% 104% Paris Orleans 6%5. 5 95% 95 95% Peru 6s 67 wl 31 86% 85% 85% Peru 6s ctfs...7 86% 85% 85% Peru 7s 6 102% 102 102 Pirelli 75’52 82 138 134% 136% Poland <8 40 2 82 81% 82 Poland 7s trcts)... 15 87 86% 86% Poland 8s 20 97% 97 97 Porto Alegre «5.... 1 105% 105% 105% Prague 7%s 1 107% 107% 107% Rhinelbe Un 7 2 103% 103 103% RblneWst EP 65’62 6 88 87% 87% RhineWst EP 6s 5» 7 92% 92% 92% RhineWst EP 7e'6o 4 100% 100 100% Rio de Janeiro 6%s 12 93% 93% 93% Riode Jan«s 1946.. 5 106 105 105 Rio Gr Do Sul 85... 3 106 106 106 Rome 6%s 54 90% 89% 89% Sao Paulo 8a 1936.. 17 106 105% 106 Sao Paulo 1950 3 106 105.a 106 Saxon (PWJ 75.... 1 99% 99% 99% Same 7a 62 81 107 106% 106% Serbs Cr Slav 75... 17 80% 79% 80% Serbs Crot 51085... 18 94% 94 94 Sbinyetsu 6%a 52.. 5 89% 89% 89% Soissona 6s 2 99 99 99 Sweden 5%5.* 2 XO3 103 103 Sweden 6s 8 102 102 102 Swiss 5%s 1946.... 2 103% 103% 103% Toho El Bow 75.... 1 99% 99% 99% Tokio 5%s 1961.... 8 88 87% 87% Uld Kingm 6%a 29. 3 99% 99% 99% Utd Kingm 6%557. 6 104 103% 104 Uruguay 8s 19 108% 108% 108% Vitnna 6s ’52 20 86% 86% 86% Yokohama 6s w 1... 6 93 93 93 MISCELLANEOUS. AbrarrAStraus 6%» 13 U 3% 113 113% Ajax Rubber 1a.... 1 102% 102% 102% Alleghany cv 5s w 1 196 1024* 102 102 AmAgriGheni 7%5. 3 105% 105 105 Am Int Cor 5%a *49 387 106% 105% 106 Am NatQas 6%5’42 12 90% 90W 90% An Smlt A R Ist Ba. 26 100% 100 100V* Am Sugar Rtf 65... 9 101% 104 101 Am TATeI tr 45.. 2 99% 99% 99% Am TATcI tr 55.. 11 104% 103% 104% AmT ATsf 65.... 41 104% 104 104V* Am Tsl A Tel 6%5.. 9 106% 106% 106% Am Water Wks ss. 4 98% 97% 98% Am Wrtg Pap 65'47 1 83 83 83 Anaconda Ist 65... 14 105 104% 104V* Anaconda cv db 7a. 180 227 218 227 Armour ACo 4%a 3 9 11 91% 91% 91% Armour Del 5%5... 12 91% 90% 91 Associated Oil 65... 7 102% 102% 102% Atl GulfS 5s 11 71 70% 71 Atlantic Refln 85... 8 100% 100% luo% Bell Tel Pa 6s 8.... 2 105% 105% 105% Bell Tel Pa 6s C.... 1 107 107 107 Bethlehm Stl pm 5s 7 100 99% 100 Beth Steal rs 6a.... 1 102% 102% 102% Beth Stssl 6%s 61.. 13 102% 102 102 Bethlehem Steel Is* 25 105 104'% 104% Bklyn Union 6%5.. 3 370 370 370 Bush Term Bldg 6s. 6 102% 102% 102% Certain-Tds %s rets 12 73% 73 73 Chile Copper 65.... 28 96 95% 95% Colon Oil 6e'31.... 1 109 109 109 Col Gas&El deb ss. 8 99% 99% 99% Con Coal Md Ist ss. 16 66% 66 66% Con Gas N Y 6%5.. 5 105% 105% 105% Consumers Fow 6s. 5 103% 103% 103'* Cubs Cane Is 1 72 72 72 Cuban Am Sug Is.. 1 100 100 100 Dery (DO) 75 3 69% 69% 69% DetroitEdlaonss4o. 13 101% 101% 101% Dodgslt 53 100% 100 100% Donner Steel 75.... 2 100% 100% 100% Duquesne 4%s 67.. 26 100 99% 100 East Cuba Sug 7 Vis 3 87% 87 87% Fisk Rubbsr 85.... 1 113% 113% 113% Gen Asphalt 6s 38.. 3 105 105 105 Gen Cabls 6%s '47. 17 99% 98% 99% j Uen Mot Ac Cor 6s. 17 102% 101% 101% j | Goodrich 6%s It 107% 107% 107% I j Goodyear 5a rets... 18 92% 92 92% i j Hoe &Co 6%s 1 87% 87% 87% 1 Humble Oil is 8 100 99% 99'* | Humble O A U 6%5. 14 101% 101% 101% j Illinois Bell Ist 55.. 1 101 104 104 j Indiana Steel 55.... 7 103% 103 103 Inti Cement 6s 41.. 100 1134* 112% 113% Inti Match 6s 47.... 16 97 96% 97 lnt Mer Marine 65.. 10 100% 100% 100% Int Paper 6e 47.... 2 95 95 95 Inter Paper 6s 1 94% 94% 94% Int Tel&Teieg 4%«. 11 93V* 92% 93V* lnt Tel&Tel 4%s cv 801 118% 116% 117% ! Kan GAE 6s 62... 1 105V* 105V* 105% j Kelly-Spring 15.... 1110 110 110 ! Laclede G 5 %s 52.. 2 103 102% 103 ! Loew's Inc 6a 16 123 122% 122% | Loew's 6s w o war. 21 99 98% 98% i Lortllerd 6s 3 66% 85 86% j Lorlllard 5%s 9 85% 85 85 ! Luuiav G A Esa 52. I 102% 102% 102% j Midvale §teel 65... 25 99% 99% 99% : Mont Pow 6a 43. ... 14 102 10l>* 101% i Mont Power deb 6a. 2 99% 99% 99% Mor'eACo Ist 4%a. 5 88 87% 88 ! Nat Dairy 5%8.... 49 95'% 95% 95% Nat Radiator 6%s- 9 77 76% 76% NewEnglandTei 6s. 2 103% 106% 106% N Y Edison 6%5. .. 8 115V* 114 115% N Y Tel 4% s 1 99% 99% 99% N Y Tel 6s 41 19 106% 106% 106% • N Y Tel 6s 49 7 111 110% 111 ' North Am Ed la fie 20 101 101 101 No Am Ed 5 %a’63. 22 101% 101 101 Nor Ohio Tr AL 6s 5 103 102% 102% ( Nor States Pow 6*. 1 105% 105% 105% PactOe Os* * El 6s. 10 100% 100% 100% Pool AT Ist 55... 1 102 102'* 102% Pac TAT 5» 52.. . 8 104% 104% 101% J Paramount 6s 1917. 13 99% 99% 99% People a Gas 6a.... 1 105 105 105 • Phlla Co 5s 67 wl. . 58 9*% 98 98% Philips Petro s>4s. 8 90% 90 90 Por Rtc Am Tob 4s. 32 103% 102% 103 Postal Tel AC6 %e 20 92% 91% 92 lYeasd Steel Car 5* 2 95.% 95% 95% THE EVENING STAK. WASHINGTON. TL C, THURSDAY. FEBRUARY 28. 192 ft: Sales. High. Low. Close. Public Service 4%s 3t 192% 190 192% Punta Alegre 75.... 1 84 84 84 RemingtonAr 6s 32. 4 100 99 100 Rem Rnd 6%s war. 13 94% 94 94 Sinclair 011 6s 15 99% 99% 99% | Sinclair Oil 6%5... 9 100% 100’k 100V* Sinclair Oil 7s 15 103% 103 103 [ Sinclair Crude 5%s 3 97% 97 97% j Sin Pipe Line 55... 2 93% 93% 93% Skelty Otl 6%s 8 92% 92% 92% 1 South Bell Tel 55.. 7 102% 102% 102% j Southwest Bell 55.. 6 104% 104% 10tV* Stand Otl NJ Ss 46. 7 102 101% 102 i Stand Oil N Y 4%5. 16 96% 96 96% SugarEstUrienteTs. 1 90% 90% 90% Tenn Copper 6s'4l. 11 110 110 110 TennElecPow 6s 47 3 106% 106% 106% Transcontl Oil 6%s 14 99 98 93 United Drug 5s 61.. 7 95% 94% 94% U S Rub Ist rs 6a... 24 90% 90% 90% USRub7%s 7 101% 100% 101% U S Steel s f 55.... 28 108% 108% 108% Utah Pow &Lt ss. . 34 100 99% 99% Utilities Powr 5%s 30 95 95 95 Vertienies Sug 75.. 2 91% 91 91 Walworth 65’45... 1 92 92 92 j Walworth 6%s ’35. 11 99 98% 99 j V\ arner Sug 7s 39.. 10 85 85 85 | Warner Sug 7s 41.. 2 107 106% 107 I West Elec bs 1 102'* 102V* 102% I Westn Union 5s 51. 4 102% 102% 102% Westn Union 6%5.. 2 108% 108% 108%; Whits Eagle O 5 %s 6 103 102% 102% Wilson ACo Ist 6a. 3 101 100% 100% Yngstn SAT 6a wl. 28 100% 100 100% RAILROAD. Ala Gt Sou 4s 1943. 6 93% 93% 93% Atchison ad J 45.... 1 85% 85% 85% Atchison gen 45.... 21 90% 89% 90% Atch deb 4%5’41.. .181 116% 115% 116% Atlantic CL cl 45.. 1 90 90 90 BAO Gold 4s 15 91% 91% 91% J B&Ocv 4% s 11 98% 98% t*B% ! B & O ref 5s 23 100% 100% 100%' BAD Ist 5s Ct Z 10 4 % 104% 104% I B&U rs imp sis.... 25 109% t 08 l * 109% j B& O S Was 50 15 101 100% 101 j BA o Toledo 45.... 10 82 82 82 j Bang & Aroos 4s 51 5 84% 84% 81% i Boston A Maine 6s. 6 95% 95% 95% j Brd\va.\A7th Av 6s. 29 75 73 75 j Brooklyn Elec 6%5. 12 91*% 92% 92% I Bklyn Un El ss'so. I 90 90 90 j Bklyn Mannat 65... 37 98 97% 97% ! Buff K & Pitt *%S.. 23 92% 92% 92% J Can Nat 4%s 30.... 11 99% 99% 99% | Can Nat 4%s 54.... 14 94% 94% 94% Can Nat 4%s 67.... 2 95% 95% 95% Canad North 6%5.. 1 114% 114% 111%! Canad North 75.... 1 111% lU% 111% j Canad Pac deb 45.. 6 84% hl% 84% I Can Pac 4%s 46.... 8 96% 96% 96% CarClinch&O 6s 52. 13 108% 108% 108% Central Pacific 45.. 12 90% 90% 90% ! Cent Pac Ist 6s 90.. 21 102 101% 102 Chess Corp 6s wL. 11 99% 99% 99V* Ones AO cv *%5... 6 99% 99% 99% Ches AOgn 4 %5... 6 96% 95% 96V* Chi BAQ gen 4s 61.. 1 91 91 91 CBAQ4%s77 8.. 5 97% 97 97 ChIBAQ lstrf 55.. 5 103% 103% 103% ChIAE 111 gn 5s 51., 41 83 82% 82% Chi Ot West 4s 59.. 4 67 66% 67 Chi MAStP 4%s E. 34 93 92% 93 ChIMUBPAPacSs76. 18 92% 92V* 92% CMSPAPacadJSsOI.I6C 77% 77 77 Chi ANW gn 3%5.. 1 78 78 78 Chi &NW gen 45... 2 89V» 89% 89% Chi NW 4%s 2037.. 13 96 95% 95% Chl&NW6%s 12 109% 108% 108% Chi ANW 7s 9 101% 101% 101% Chi Rys 6s 2 78% 78% 78% Chi RJA Pgn «5... 10 87 86% 87 Chi K1& Prs 45... 19 94% 91% 94% CR 1 Pac 4%s w 1.. 1 92 92 92 Chi TH& S E 55... 2 98% 98% 98% Chi T H Inc 6s 60... 1 91V* 91% 91% Chi Union Sta 55... 4 102 102 102 Chi Union Sta 6%5. 3 114% 114% 114v a Chi & W Ind cn 4a.. 3 87% 86% 87% C A W 1 6%5«2.... lo 102% 102% 102% CCCAStL 4%aE 77 29 95 96 96 Clev Term 5%5.... 2 106% 106% 106% Connßy&L4 %s ata. 1 97% 97% 97% Cuoa Klt 5s 10 94 94 94 Cuba Nor 5%s cts.. 6 86 85% 85% Del A Hud 7s 30.... 5 102% 102% 102% Den A Rio Ucn ts., l 90 90 90 D Rio G West 55... 26 97% 97 97 DRGAWstss’7l 7 90% 90V* *lO% Det United 4%a.... 1 97 97 97 Ens Ist cons 4#.... 4 84% 84% 84% Erie Gen 4s 18 77% 77 77% ■ Erlecvtfts $7 w 1... 39 93% 92% 92% Erie conv ext 75.... 2 102% 102% 102% Fla East Css 74.... 9 76% 76% 76% Gr Trunk stdb 65.4 105% 105 105% Great North 6s 1 101 101 101 Great Nor gen 7s. .. 60 110% 110% 110% Green B& W deb B. 6 27 23 23 Hav El Ry 5%s 51.. 2 63% 63% 63% Hocking Val «%s.. 4 98% 98% 98% Hud A Man aj 55... 18 79% 79 79 Hud A Man ref 55.. 1 951% 95% 95% ill Cent 4%s 66.... 9 98% 98% 98% Ul-C-C-StLANO 6s. It 102% 101% 101% lnt Rapid Tran 65.. 3 78 77% 78 lnt Rap Tr 5s stpd,. 5 77% 77% 77% lnt Rapid Tran 65.. 2 82% 82% 82% lnt Rap Trans 75... 5 99 98% 98% ini A G Nor Ist 6s. 1 106% 106% 106% Int&GtNoradj Is 61128 96 95 95% lnt Ry CAm 6s 41.. 5 94 94 94 lnt Ry C A 6%s ret. 5 96% 96% 96% KansasCitj S 65... 10 98% 98% 98% Kan City Term 45.. 1 89% 89% 89% Lake Shore 4s 31... 5 97% 97% 97% Lehigh Vai cn 45... 3 86 84% 84% Long Is rs 4s 49.... 10 90 90 90 Long Is deb 5s 14.. 1 97 97 97 Louis & Nash 75... 110 i% 101% 101% Market St 7s 40.... 18 85 82% 83 MU El Ry &Lss 61 9 100% 100% 100% M'nn A StL ref 45.. 4 26 26 26 MinnAStL fd 5s 62. 5 18 18 18 MSt P&SSM cn 4s. 28 88% 88% 88% M StP A SSM 6%3. 4 MK A T Ist ts 4 84% 84% 84% MK&TIsB I 82% 82% 82% MK A T adj 55.... 23 105 1<;4% 105 MKiTprln 6s A. 5 99% 99% 99'* Mo Pacific gen 45.. 18 75 75 75 Mo Pae 55F77.... 20 96% 96% 96% Mo Paciflo tsG‘7l. 8 96% 96 96 NatßyofMex 4s 77.. 2 15% 15% 17% N O Tex AM 5s 8.. 1 99% 99% 99% N O T A M 5 %5.... 4 102% 102% 102% N Y Cent 4s 91 3 89 89 89 N Y Cent deb 45.... 37 97 96% 96% N Y Cent r f 6a 3 106% 103% 106% N Y Cent dab 65.... 9 104 101 104 NY CAStL 4%s C.. 6 94% 94% 94% N YChi&StL 6%sA. 3 106% 106% 106% NYChIAStL 6%x B. 4 106% |06% 106% NYC ASt L6sA.. I 101% 101% 101% NYN HA H 4%5.. 10 89% 88% BS% NYNHAHcvdbbs 26 122% 122 J 22 NY NHAH Clt6s... 6 104V* 104% 101% N Y Ont W Ist ts... 1 69 69 69 NY Rys *8 65 9 21% 21 21 N Y Rys 6s A 15.... 1 84% 84% 84% NYW AB 4 %5.... I 82% 82% 82% Norfolk A lA> cn 45.. 6 90% 90% 90% Nor Pso Is 2047.... 7 85% 65% 65% Northern Pacific 4s. 7 89 x 9 89 Nor Psc 4%e 2047.. I 96% 98% 96% S Northern Pac r 1 Bs. 9 111% 111% 111% ! Ore Short L rfs 4s. 6 09% 99% 99% j Penney! con 4 %5... 1 100% 100% ioov« ; Pannayl gen 4 %».. 1 4 99% 99 99% Penna R R 4%s '6S. 22 98% 98% 98% I Pennsyiss 64 19 104 103% 104 | |Pennsyl6%s. 41 110% 110 110% j jPennsyl gold 75.... 5 101% 101% 101% i Peo AElt 4s 40... . 3 86% 85 86%; j Pere Mar Ist 4s 56. 1 89% ®9% 89% j Pere Marq Ist 65... 3 102% 102% 102% Philippine RR 45.. 3 35% 35 35 Portland El P L 6s. 2 101% 101% 101% Port KLA Psa 42. 1 98% 93% 96% Reading JC 4s 81.. 1 92 92 92 St LIMAS 48 21... 7 99% 99% 99% StL XMAS gn 6s 11. 12 100% 100 100 St L IMAS RAG 4s. 15 94% 94% 94% St LASV pl 4S A.. 25 864* 85% 85% StLASPr 4%s 71. 79 87 86% 86% St LASF pr in ss. 23 100 99% 90% |StL S W con 4» *'i. 4 96% 95% 95% 1 SIL A Sown 6s '62.. 6 99% 99 99 Ist PUn Dep6s.... 1101 103 103 San AAAm P 45.. 5 89% 89% 89% Seaboard AL 4s sta. 1 71 71 71 SeabALadJ 5s 1949. 6 42% 42% 42% Scab A L con 65.... 1 75% 75 75% S B All Fla 6s 35 A. 10 65 64% 64% Sou Pacts 29 7 99% 99% 99% Sou Pacific rsf «s.. 32 »1S 91% 91% 1 Sou Pac 4%a rets.. 7 96 95% 95V* Sou Ry gsn 4S 15 85% 81% 84% 1 Sou Ry Con »5..... 9 108% 108% iog% Sou Ry stt* 2 118% 113% 118% Term Aaao S L 4S. • 2 87% 87% 87% Tes A Pso tsß 1977 14 100 99% 99% Third Ave rsf 4s 10. <» 63% «3 t;.t% 1 Third AvssdJ ts... 2 *3 63 g.j Union Pacific 4s 61. 29 86% 86% 86% , Union Psc 4%s 67. . 10 96 96 96 . Virginia tty Ist 65.. 2* 104 1i»3% 104 . Vs Ry &P 6s 5 99% 99% 99% , Wabash Ist Is 1 101% 101% 101% Wabash 2d 5s 1 99% 99% 99% » Wabash 5s 76 8.... 1 93 98 98 Wabash 5%s 75.... 3 103 103 103 West Maryland ts.. 6 80% *O% 60% western Md 5%5... 8 14 97% 97% » Wllks-B A EUst 5s 10 72% 72% 72% I MARINE PRODUCTS IN LIVELY DEMAND Wholesale Market Dealers Report Supplies From Sev- ; eral Distant Sections. Three fillets, cod at 20, haddock at 22 and sole at 35 cents a pound, claimed the attention of buyers at Municipal Fish Market this morning. The fillet of cod has been in the local market only a short time and is proving a good seller. Whole cod were quoted at 15 and whole haddock at 10 cents a pound. Jumping mullets, product of Florida wa- j ters, were in demand at 15 cents a pound and sheephead and trout, also ; from Florida waters, were quoted at 20 , and 30 cents a pound respectively. j King mackerel and redsnappers, also from Florida, were fairly plentiful, the : former selling at 20 and the latter at j 30 cents a pound. Other Fish Supplies. Shad, from both Florida and North Carolina, always a good seller, were re ceived in quantities sufficiently great to supply the demand, the fish from the latter place bringing higher prices than the Florida stock. North Carolina roes were offered at 50 and the bucks at 40, the Florida stock selling at 40 and 30 cents. Croakers were in fairly plentiful sup ply from North Carolina packers at 20 cents a pound. Rockfish, always attrac tive and in demand, were received from ; North Carolina and lower Potomac nets | weighing from 1 to 10 pounds and sell ing at 35 cents a pound. Yellow perch, most of them, very small, caught in Winter seines in creeks along the lower Potomac, sold as low as 3 cents a pound, the largest of them bringing 10 cents. Sandperch, also from tributaries of the Potomac, many of , them alive, were quoted at 10 cents. Oysters were plentiful, selects selling at $2.50 and standards at $2.25 a gallon, shell stock selling mostly around $2 and | $2.50 a bushel. Lobsters were scarce at 75 cents a pound. Green shrimp, | fairly plentiful, were quoted at 30 cents, the cooked shrimp selling at 60 cents. Clams were scarce at $2 per 100. Wholesalers this morning were han dling quantities of commodities for the week end and inaugural period business, and are anticipating heavier business tomorrow and Saturday. There was no scarcity of any commodities reported this morning and. with the exception of decreased prices for eggs, according to reports, prices were about the same as prices quoted yesterday. Ability of haulers to reach here with quantities of eggs from nearby States without encountering snow and ice re sulted in increased receipts of the product of the hennery and lowering of prices. Hennery and fresh selected stock were offered at 40 and 42 cents this morning, while current receipts dropped to 38 cents. Today's Wholesale Price*—Jobber*’ Prices Slightly Higher. Butter—One-pound prints, 51a52; tub, 50',ia51; store packed, 30a35. Eggs—Hennery. 40a42; fresh selected. 40a42; current receipts, 38. Poultry, alive —Turkeys. 35*36; Spring chickens, 35a38; Leghorns. 30a35; fowls, 28a29: roosters, 19a20: ducks, 25; geese, 20; keats, young, 50a60; old, 30; Dressed—Turkeys, 40a45; Spring chick ens, 42a45; Leghorns, 40; fowls, 30a32; capons, large, 45a46; small, 36a40; ducks, 32a33; geese, 25a30; keats, 80a LOO Meats, fresh killed—Beef, 22a23; veal, 25; lamb. 30a31; pork loins. 24a25; fresh hams, 23a24; fresh shoulders, 16a 17; smoked hams. 25: smoked shoulders, 15 i al6; bacon, 20a22; lard, in tins, 1.3 I ,*; in packages, 14’ 2 a15. Live stock—Calves, 15; lambs, 13 1 2*14. Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Market News Service, Bureau of Agricultural Economics), said - (sales to Jobbers ex cept where otherwise noted): Apples—Supplies moderate; demand' slow, market dull; barrels, Virginia, U. , S., No. 1, 2 1 /a inches up, Staymans, | scalded, 5.00a5.50. mostly 5.00; boxes, | Washington, medium to large size, extra fancy Delicious, 3.50; fancy, medium! size, 3.00; extra fancy Romes, medium to large size. 2.50; bushel baskets. Vir- ! ginia. U. S„ No. 1, 2*2 inches up, Wine- ] saps, few gales, i. 75; 2 3 « inches up,. Staymans. !.75a2.00; 2H inches up, Black Twigs, 135a 1.50; Pennsylvania, 2*4 inches up, Romes, few sales, 1.75. Cabbage—Supplies moderate; demand moderate, market steady; new stock, Florida, l> 2 *bußhel hampers, 1.35a1.50. Celery—Supplies moderate; demand light, market about steady; Florida, 10- inch crates, all sizes, 2.00*2.60. Lettuce —Supplies moderate; demand moderate, market steady: California, i crates, Iceberg type, 4-5 dozen, 3.75a4.00. Onions —Supplies moderate; demand light, market, steady; Michigan and Ohio, 100-pound sacks, yellows, United States No. 1, medium to large size, 5.75 a6.00; Michigan. 50-pound sacks yel lows, United States No. 1, medium to large size, 2.75*3.00. Potatoes—Supplies moderate; demand light, market steady; Michigan. 150- pound sacks, Russet Rurals, United States No. 1, 2.00a2.15; New York, 150- pound sacks, round whites, United States No. 1, 2.00a2.15, mostly 2.00; Idaho, 100-pound sacks, Russet Bur banks, United State* No. 1, 1.40a2.50. Spinach—Supplies moderate; demand light, market steady; Texas, bushel baskets, Savoy type, best, 1.00; fair con dition, 75; South Carolina, 1>, 2 -bushel hampers, Savoy type, 1.00. Tomatoes—Supplies moderate; de-. mand slow, market weak; Florida, sixes, rlpes and turning, wrapped, fancy count, 4,00a4.35; fair quality, 3.25a3.50; choice count, 3.00*3.25; fair quality, 2.00a2.50. String beans—Supplies moderate; de mand light, market steady ; Florida, T »- bushel hampers, Black Valentines, few sales, 2.00; Refugees and Round String less, 2.50a3.00. Eggplant—Supplies very light; de mand light, market steady; Florida, j pepper crates, medium size, 4.00. | Peppers— Supplies light; demand light, market dull; Florida, pepper ! crates, fancy. 4.00*4 50; choice, 3.50. | Squash—Supplies light; demand slow, I market steady ; Florida, pepper crates, white, wrapped, 3.00a3.25. Strawberries —Supplies moderate; de mand moderate, market weaker; Flor ida. 32-quart crates, various varieties, best, 25a27: ordinary quality and condi tion, 12a15; pony refrigerators, various varieties, 25*30 per quart, few higher. Peas—Supplies liberal; demand mod erate, market steady; Mexico, 45-pound crates, mostly 5.50. Beets—Supplies light; demand light, market about steady; Texas, Western lettuce crates. 2.50a2.75. Carrots —Supplies moderate; demand slow, market about steady; Texas, Western lettuce crates, bunched, 3,00. Cauliflower —Supplies light; demand slow, market weaker; California, peny crates. 2 25. Cucumbers —Supplies moderate; de mand slow, market weaker; Indiana and Ohio, 2-dozen carton*, hothouse stock, extra fancy, 3,00; fancy, 2.50a 2.75. Oranges—Supplies moderate; demand light, market about steady; Florida, boxes, No. 1, medium to large size, 3.50a 3.75; amall size. 2 50. Grapefruit—Supplies light; demand light, market steady; Florida, boxes, No. 1, all sizes, 2.50a3.5Q; few, 4.00. Production of Lead. NEW YORK. February 28 (4 s ).— | World production of lead in January in creased to 156,796 tons, compared with 150,641 tons in January, 1928, but de creased compared with December pro duction of 163,205 ton?. Domestic pro duction was 58,897 tom. against 57,225 in December. A WALL STREET DISCOUNTS RISE ! IN FEDERAL RESERVE RATES Special Dispatch to The Star. 1 NEW YORK. February 28—This te 1 the first week during February that Wall Street has approached the Thurs- 1 day meeting of the directors of the ! New York Federal Reserve Bank with- 1 I out anxiety as to what may happen < Ito the rediscount, rate. The general i i opinion now is that it will not be 1 | ehanged, at least not. until after the j ! Treasury financing on March 15 has | been completed. 1 It would be most unfortunate If the 1 Government, had to carry out, a refund ing operation with the bond market stagnant, yields on Government Issues much higher than the rate on the cer tificates to be retired and the handicap of a 51 2 or 6 per cent bank rate to boot. There are already enough diffi culties in its way with acceptances at 5 1 * per cent, commercial paper at 5% per cent, time money at 7 3 * per cent and the renewal rate for money at the | end of the month up to 8 per cent and 1 outside loans as high as 9 ] 2 per cent. I The domestic money rates are very ; ! disturbing to English bankers, for they j ‘ are so much above what, they can pay j 1 to their depositors that English lenders : continue to put their funds In the New York market, which also has been re ceiving additional capital supplies from the Continent. Although the Bank of England recently raised its rediscount rate from 4Vi to 5Vi per cent, it Ls having difficulty in maintaining its BY KENNETH S. VAN STRUM. NEW YORK. February 28 Since the Federal Reserve Board's initial warning that it could not countenance the use of Reserve bank credit facilities for the expansion of brokers’ loans, it has been sharply criticized for trying to force stock market liquidation. Last week, however, ‘‘others’’ took over the responsibility of supplying enough money not only to keep back stock prices rising, but. to fill the gap j caused by some liquidation on the part, of the banks. The advisability of al lowing "others" to lend such large sums in the call money market is becoming a very important question. If the future trend of security prices is to be upward the market will ap parently be completely at the mercy of "other” lenders, since further loans will be needed if security prices continue to rise, and banks probably Will refuse fur ther loans to the market. Use for Broken' Loans. ! As every one knows, brokers' loans include not only loans made against stocks and bonds, but loans made against new issues of securities as well. In other words, brokers’ loans are used not only to buy and sell securities al ready existing, but also to carry new securities until investment houses can sell them to permanent investors. In either case brokers' loans facilitate the flow of investment capital into industry. The opinion te widely held, however, that loans made against stocks and bonds already in existence do not fulfill quite the same useful function as loans made against new tesues of securities. Since many have felt that there is a need for conserving our credit resources it te important to ascertain whether the rapid Increase in brokers’ loans during the past few years has been principally due to the increase in new- security issues or because more credit is being used to carry stock on margin. Main Influence on Broken’ Loans. It is only necessary to compare the fluctuations of three series of figures in order to get a good idea of this situa tion. Such a comparison will show that ! there is a much closer relationship be tween the-trend of brokers’ loans and the prices of stocks on the New York Stock Exchange than there is between brokers’ loans and new security issues. This would indicate that brokers’ loans are more closely associated with margin trading than with new ls»ues of stocks and bonds. Banking laws have seen fit to give business protection against possible 1 absorption of too much credit in the se curity market by refusing to extend to ! brokers’ loans the privileges of the j Federal Reserve system, j In the past three years, however, a t 1 new development has taken place which ; the makers of our banking laws did not j j anticipate. Always before our credit ; ! resources have been placed in a com- ! • mon reservoir in the custody of the j ■ banks. From this source both business : and the security markets received thetr 1 loans, preference always being given to business. Recently the security markets have tapped another source of credit, and se curity prices have mounted to such levels that many conservative people be lieve the general level of security prices is inflated. Others believe that Amer ican business has made such rapid i progress that securities are entitled, to sell at prices that defy all comparison | with previous levels. Expansion of Loans. There can be no doubt that if the present level of security puces ls to be maintained, brokers’ loans must remain close to present levels. And if the gen eral level of securities te going still higher brokers’ loans must increase. The market must turn again to the principal source from which it has ob tained loans. Since 1926 brokers’ loans have in creased 83,200.000.000. About $2,100,- 000,000 has been furnished by “others,” $900,000,000 by out-of-town banks and $200,000,000 by New York banks. Since further expansion of loans by banks Ls improbable, and contraction more likely, as long as business 1s active, “others" " must supply the funds If the market is to go on. “Others.” The “others” who appear in the week ly bank statement as large lenders are corporations, foreign banks, individuals and Investment trusts who have been lending in the call money market. Corporations lend when they do not reed money in their own businesses. This type of lending would normally be expected to decline when business ts good and increase when it is poor, un less corporations are lending large ror norate surpluses in the call money mar ket. In such an event they are lending funds which they formerly invested in bonds and other securities. Foreign banks have also been lending large sums in the call money market, since a great deal of money has been temporarily been placed at their disposal by the flotation of foreign loans in this ANNOUNCEMENT It Made of the Formation of Waggaman, Brawner & Co., Inc. Inrestment Securities This Company Continues the Business of Waggaman & Brawner, Inc Securities Department I Under the Same Management and at the Same Address 1700 Eye Street N.W., Washington, D. C. Telephones Main 4804—Franklin 7485 hold on gold, and there is active betting on the London Stock Exchange that the rate will be raised a second time during the Spring Bankers look for a high average for call money for several days on account of the March 1 disbursements, amount ing to $400,000,000, and to preparations that must be made some time in ad ranee for the huge turnover that will; take place on March 15, when $570,- 000,000 of Treasury certificates are to be retired and the first payment of the 1928 income tax is due. A canvass of Stock Exchange houses today indicated that the February charge for money to carry debit ac counts of customers will be about BVi per cent. This is lower than in Janu ary or in December, when the average was 9 per cent and 18 per cent, respec tively. The lower charge this month is due to a considerable period of 6 and 6> 2 per cent money during the middle of February. Since the last statement of brokers’ loans was made up the stock market j has had an average advance of about j 10 points. This would ordinarily indi cate an increase in loans to offset the reduction in the preceding two weeks of $192,000,000. The situation may be complicated by payment for some of the large financial operations that occurred during January and in the early part of this month. market. Since the volume of foreign loans has recently fallen off, it is not expected that foreign lenders will great ly increase their loans in the near fu ture. Finally, large supplies of call money are furnished by individuals aad In vestment trusts who have large cash re sources and are awaiting the time when security prices will fall back to levels where they consider them cheap. As security prices rise the amount of money coming from this source increases and thus accelerates the rise. Thus investment trusts and corpora tions. instead of paying dividends to stockholders or investing themselves, place money on call, where It can be used to buy more securities than could be purchased outright. Foreign banks have been supplied with funds by Amer ican investors which are being loaned in the call money market. Investors them selves are furnishing large sums of money. Since the American investor either owns or is responsible for most of the surpluses being loaned by "others" and which have played such an important part, in raising stock prices to present levels, to some it looks as though the investor had raised himself by his own boot straps. (Copyright, 1929.) BILLION-DOLLAR AGE SEEN. NEW YORK, February 28 (A 3).—lm pressed by huge bank mergers and growth of great corporations, Wall Street is heralding the true arrival of the billlon-dollar age. The billion dol lar or more list now includes 10 cor porations and banks—the New Guaran ty-National Bank of Commerce com bine, United States Steel, Consolidated Gas, National City Bank, Chase Nation al Bank. Standard Oil of New Jersey, American Telephone & Telegraph, In ternational Nickel. General Motors and General Electric. United States Steel Is rated as a $2,500,000,000 company. Convertible Stock Called. NEW YORK, February 28 (Special). —Directors of Public Service Corpora tion have called for redemption on May 1 at 110 and accrued dividends the en tire outstanding convertible preferred stock. This stock is convertible up to April 22 at the rate of five common shares for each preferred share. Os the total issue of 160,000 preferred shares 120.000 shares already have been con verted into common. GERMAN BONDS AND STOCKS. Special Dispatch to The Star. * NEW YORK, February 28. _ Bid. Asked. Oer Govt Red Loan with draw ctfs att per 100 R M 55.00 60.00 Ger Govt Red Loan without draw ctfs per 1.000 R M 36.00 40.00 (Quoted in dollar* per million mark*.) Hamburg 4s 1919 20.00 38.00 (Quoted in dollara per thousand markaJ Ger Gen Elec 4'As pre-war... 22.00 28.00 1 Ger Gen Elec 4taa 1919 225 3.00 (Berlin 4s pre-war 4 00 6.00 Hamburg 3. 3<js A 4s Hamburg American Lin* 4)0 31.00 32.00 North German Lloyd 4V»a 31.00 32.00 Krupp 5s 1921 125 2 00 Dusseldorf 4s pre-war 50 1.25 Frankford a-M 4s pre-war 50 1.50 Munich 4s pre-war 50 125 . _ _ 'Quoted in dollars pier share > *£ £’ JP lec > 4100 43.00 AEG <Gor Ge Elec) pfd 8... 9.00 11.00 Commerz and p rivat Bank 46 00 46.00 I G Farben 60 00 6? on Disconw oeiischaft:3B oo 4000 Berliner Handels 55.00 57.00 Dresdner Bank 40 00 42 00 Bank 40.00 42 00 st »»9ter Bank 68 00 68.00 Heyden Chem 10.00 12 00 Mereur Bank Wenna 2.00 4 00 North German Lloyd 11.00 13.00 j Aostr an ae G 'Gen Elect... 3.08 sno I Rudolph Karstadt 21.00 23.00 DIVIDENDS. 1 _ , _ Stock of I a Corporatiojv Per. Rate. Pay. record Enc *’J,T Co Ld Q 1.50 Mar 27 Mar 12 Autocar Co pf — q $2 no Mar 15 Mar 5 Autostrop S R Co A Q $.75 Apr 1 Mar 11 A^f r -? 4nk Not « - Q *SO Apr 1 Mar 8 By-Prod Coke Dpi Q SSO sar 25 Mar 11 •ft .B8J8?7flS8 • , x stk , Apr 1 Mar 20 do pf Q 5i.75 Apr 1 Mar 30 Congress Cigar Inc. Q *1.25 Mar 31 Mar 14 Curtis Pub Co M *,50 Apr 1 Mar 20 S*i \ * w Coal.. Q $2 50 Mar 15 Mar 1 Det A Cleve Nay.. Q 7% Apr 1 Mar 15 Draper Corn Q 11.00 Apr 1 Mar 2 Electric Auto-L Co Q *I.OO Apr 1 Mar 15 ■ Extra *SO Apr 1 Mar 15 „ d 0 Of-« *175 Apr 1 Mar 15 Gen Pub Sv 6/5, pf. Q *1.54 May 1 Apr 10 do SoAO pf Q s*.S7*a May 1 Apr 10 Helme O W Q *1 25 Apr 1 Mar 11 do pf. ........... 0 *1.75 Apr 1 Mar 11 Hercules Powder n. Q 5.75 Mar 25 Mar 14 Inter Cement, Corp. Q *I.OO Mar 28 Mar 11 Illinois Bell Tel Co. Q *2 00 Mar 30 Mar 29 K ord A, T 2. y l°L;- •• 9 *3 50 Apr 1 Mar 16 Mar I M C Ld Pinal 7>A% 1928 Monsanto Ch Wks. Q *.62'i Apr 1 Mar 20 do . Stock 10* Apr 1 Mar 20 Math Aik Works.. Q *1 50 Apr 1 Mar 15 do Stock 300% do pf q *1,75 Apr l Mar 15 Miss Kan * T pf.. Q *1.75 yfar SO Mi? 15 National Sure Q $1.25 Apr 1 Mar 18 Nat Gros Ltd pf... Q $2 00 Apr 1 Mar 16 Nat Bk of Com. ... Q *4 50 Apr 1 Mar 15 Parke D A C Special 8.10 Mar 31 Mar 18 do Q * 25 Mar 31 Mar 18 St. L Sou WRy pf. Q *1 25 Mar 30 Mar 11 So P Rico Sugar. Q SSO Apr 1 Mar 11 do Extra $25 Apr 1 Mar 11 dp pf Q *2 00 Apr 1 Mar 11 Waldorf Sys Inc... Q *.37'a Apr 1 Mar 20 do pf Q S2O Apr 1 Mar 20 Weslinfth El A Mf* Q *1 00 Apr 30 Mar 11 I do pf Q *1 no Apr 15 Mar 11 We PC7% cm pf. Q *1.75 Apr 15 Apr 1 Wes O A 8 C new.. Q *SO Apr 1 Mar 15 Wilson A Co pf t*1.75 Apr 1 Mar 0 Wor P A M pf A. .. J 15.50 Mar 20 Mar 9 do pf B 13.00 Mar 20 Mar 0 ‘Dates to be fixed later. +To apply against accumulations. IDivldends apply on accumulations. FTN’AN’CI AH.' COPPER AT HIGHEST POINT IN 10 YEARS Br the Associated Pres*. NEW YORK. February 28.—The scramble by consumers to buy copper today had sent the price of the metal up of a cent a pound to 194 cents. Sales of both domestic and export cop per were reported to have been made at that price, the highest in 10 years, and a rise of 14 cents this week. In trade circles the situation was de-' scribed as out of hand because ultimate consumers here and abroad were buy ing so much copper they were leaving the producers short of the metal and forcing the latter to withdraw from the market. The advance was expected to continue until a new level of stability between 194 and 20 cents is reached. No recessions were expected until June at the earliest. The American Brass Co., subsidiary of the Anaconda Copper Mining Co.. raised prices on its products 4 to \ 3 a cent a pound to keep pace with the mounting quotations of the refined metal. Reported sales of export copper this month totaled 63.000 tons, with no signs of a let-up in demand, while domestic purchases in the past week totaled 26,000 tons, more than half of it for June delivery. Speculative demand is said to have been a factor in the present rise, in spite of efforts of producers to pre vent it. Use for Peanut Shells. In the manufacture of concrete for use on some floors where strength Is not required and lightness is desired, there has been made use of a combi nation of wood chips and concrete which answers a great many purposes, but the material was more expensive than it need be by reason of the fact that the chips had to be especially prepared for the purpose. Peanut shells have been experimented with for the purpose and have been found to be quite satis factory and to cut the cost. Dry Sleuth’s Lie, Question. Should a dry sleuth lie in obtaining evidence against bootleggers, was the question raised in Glasgow, Scotland, Central Police Court recently. The sleuth had testified that he bought beer and whisky from a woman after she had asked him If “the coast was clear” and he had replied in the affirmative. “So you were guilty of a terminological inexactitude, which is the parliamentary name for a lie,” declared the accused’s attorney. The judge ruled that the lie did not absolve the woman, who was fined. Money to Loan Secured br fire* deed of trait oa rest eitate. Prevatllas Interest and commHiion. Joseph I. Weller ffi \ Real Estate Loans —secured br first deeds of trust on property in Washington and nearby Maryland. We can refinance your ma turing loan. Prompt and courteous service % THOS. E. JARRELL CO. Realtors 721 10th St. N.W. Main 766 Mortgage Money Loaned At Low Interest Ratee Tyler & Rutherford Representing Motnal Benefit Life In*. Ce. 1520 K Street Main 47S The Careful Preparation Os Your INCOME TAX REPORT Is Our Specialty. See Us Now and Avoid the Last-Minute Rush American Tax Service j _ -s= Executive Wanted Permanent position open to salesman or executive with banking and real estate experience. Must have a successful record and cash or securities of $15,000. Forward financial statement with brief bi ography. Address Box 208-C, Star Office Consult Us First If you need money for i your Real Estate financing let us have your application today. Prompt Service No Appraisal Fee The Commercial National Company Incarcerated Paid a» Cash Capital. 1900.000 The Commercial National Bank Pays interest on DAILY BAL ANCES on Savings Accounts. j Interest starts from DAY of deposit and is earned to DAY of withdrawal. Come in and let us explain. Resources Over $19,000,006 14th & G Streets R. GOLDEN DONALDSON, Pruldent iil : A ! I Complete Investment Service ! G/LLET & CO. BAbiHKmU INVESTMENT BUILDING j ! WASHINGTON, D.t I , Tt/epbont, Main 3460 i===^4i I LOANS On Improved Property in District of Columbia or nearby Maryland. Hedges & Middleton, Inf ill! Tre St. N.W. Realtors F. ».M>B i i .- - - =■*- / First Money yC You needn’t hesitate because of the size of the loan you want for construction, or re financing. Whether the amount is large or small—we have ample funds available and we make prompt report on all applications. Always Low Rate of Interest and Commission B. F. SAUL CO. 2100—925 15th St.^ theldeal investment Standard Collateral Trusteed Common Stock Shares A TRISTEED INTEREST In 100 leading American Corporations. DIVIDENDS of WOSI cent* per I p * ld * or 6 months ending Jan. I I*l n. This Is a TIELD at the rate of 7.94% for the low price of the period < til 75 per share) end of B M* for i the high t*l« »o>. Continued growth In principal and yield over a period of yeere may be expected. i Sold in leu ee smell ea S shares. For Particulars and Price, Call Standard Collateral Shares Corporation ; Franklin S7S3. Woedward Bldg. fj= Is^SMfißßsagaßlii EXPERIENCED BUSINESS PROPERTY SALESMAN AN exceptional oppor tunity for man who knows bueinesi properties to All vacancy in this de partment in one of Wash ington’* largest end oldest established real estate offices. Excellent listings and lead*. Extensive adver tising. Commission basis. Call or write Mr. Chas. W. Steers, Manager, Business Properties Department I N. L. SANSBURY CO. j Inc. 1418 Eye. St. N.W. National 5914 " loansH On Improved Property in "Maryland and District of CoTumhie Interest No Commission Charges WEAVERBROC TT REALTORS vj 809 Ist\ Street N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company Over Third I of a Century’s iMr j Experience jjjr wr Wouldn’t afir You Prefer —to give attention only to e periodical statement euch as we render when we have management of property— than to worry with the thousand and one perplex ing details? Our managament service pays for itself. B. F. SAUL CO. Main 2100 925 15th St. j * —i— This investment soon gives you an independent income When you put your money in Cities Service Company Common stock you put it to work at good pay. In the last 18 years owners of this sound security have been fiaid 196 monthly dividends total ing over $100,000,000 in cash or securities. By investing regularly in this security you can create an investment capital that will work hard and soon provide for you an independent income. At the preeeot price at Qdee Service Common stock, an investment in it gives you e net yield of over 769- HENRY L. DOHERTY A COMPANY Southern Bldg., Washington, D. C. flaw tend me wtohoot oMliirten, Mitnlere about Cltici Service Common stock sad the ♦aoo.ooo.floo Cfelee Service organisation. Aider. - (T.D.8.) < 15