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Evening star. [volume] (Washington, D.C.) 1854-1972, February 26, 1930, Image 14

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A-14
C.&P. NET INCOME
REVEALS DECREASE
Figures for January Below
Those of Year Ago, Re
port Shows.
BY EDWARD C. STONE.
Total net Income of the Chesapeake !
& Potomac Telephone Co. in January J
was SI 11.663, compared with a net of
$145 473 in the same month a year ago,
ilkll
■I
John W. role.
according to the
monthly statement
filed today with
the Public Utilities
Commission. Net
revenues from op
erations after de
duction of operat
ln? expenses
amounted to SI 91.-
742, against 5225.-
393 in January,
1929.
Net additions to
outside plant and I
central office equip- I
ment add'd to the I
telephone com -1
pan7’s system in I
the District of Co
lumbia during the
month were 5211.660. Gross additions
amounted to 5321.643. with retirements
of $109,983. Net additions to plant for
the 12 months ended January 31 were
$3,769,807.
Washington telephones jvere increased
792 during January, making 159,705 in
service at the end of the month. The
financial statement shows the follow
ing comparisons between earnings in
January, this year, and January. 1929.
January. January.
1930. 1929.
Trieobone operating rev- , 705 . 6#4
T «SseT... oße . rß . Unß -. eX : 527.238 480.271 j
Net, operating revenues. *l9l-742 s22 ;j??~ !
Tases and uncollectible... 50.986 54.443 ,
Operating tncomp *1*0.756
Non-ooeratine revenues... “• no ° 4 881
Gross income * 17 5 §ns
Rent and miscellaneous... 3.904 4.305
Interest deductions 36.19 j 26.053
Net income *111.663 *145.473
Pole Urges New Banking Move.
Local bankers expressed intense in
terest todav in the appearance of Con
troller John W. Pole before the House
banking and currency committee, when
he urged a policy of decentralized
branch banking, eminating from com
mercial centers outside of New York
City. He expressed the view that the
revamping of the banking system of
the country is necessary, citing the j
many bank failures in some parts of j
the country as making such action j
desirable m the near future. The hard- j
ships on depositors and upon those who .
invest their money in country bank
stock are an indication that there is j
something radically wrong in the bank- ;
ing systenf in the rural districts, he
said. 1
Controller Pole said he found the
fixing of the trade areas a most difficult
matter. In concluding his prepared j
statement before the committee he j
added: ;
"The laboring man and the small j
wage earner in these cities are receiv- ,
ing a stronger protection and a higher j
and better type of banking sendee than j
is possible for the farmers and small j
business men. who must do business,
with country banks.
“I have, therefore, put forward for j
further investigation and study by your j
committee the question of the desirabil
ity of bringing these country banks into j
a more direct and closer relationship to
metropolitan banks than is possible un
der any voluntary extension or intensi
fication of the corporate relationship.
"If this is permitted to grow up,
through branch banking, strong metro
politan banks in commercial centers out- j
side of New York City with the right to .
open offices is the rural tributary com- 1
munities. it would naturally follow that,
in time these small country banks would
to a very large extent become branches
or offices of such city banks."
Peoples’ Drug Dividends Voted.
The directors of Peoples Drug Stores,
I?ic., have declared the regular quar
terly dividends of 25 cents on common,
payable April 1 on stock of record
March 8, and $1.62 % on the preferred;
stock, payable March 15 to stockholders j
cf record on March 1. The local com
pany's preferred stock is listed on the I
Washington Stocg Exchange and is sell- j
in? around $lO4 a share, while the com- !
non. is listed or. the New York Curb]
Market and sold yesterday at $44 per
si'are.
January Railroad Report Out.
The Pennsylvania Railroad reports
for January a net railway operating in
come of $5,996,615. a decrease of $1,920,-
474. when compared with the first
month of 1929 Gross revenues for
January were $48,351,409. compared
with $51,664,304 in the corresponding
month last year A decrease of slight- I
ly more than $3,000,000 in freight rev
enues was reported as the largest item
in the decline in gross. Passenger rev
enues fell off a little less than $150,000
fur the month. Railway operating ex
penses were $1,381,783 less than in Jan
uary. 1929.
The Norfolk & Western Railroad
had January net operating income of
$2,853,056. a decrease of $57,584. and a
net income of $2,549,517, a decrease
over January of last year of $78,960.
The Virginian Railway reports a
January net operating income of $898,-
025, an increase of $46,499.
Prices Firm on D. C. Exchange.
Prices were steady on the Washing
ton Stock Exchange today in another
session of moderate selling. Capital
Traction registered 86 1 on a very
light sale. Potomac Electric Power
5’- 2 per cent preferred opened at
advanced to 107 3 ,4 and closed at 1077;.
Twentv shares of Merganthaler Lino
type appeared on the board, the stock
again selling at 108 3 8- Carpel Cor
poration figured in a 15-share turn
over at 23 :, 4 . ,
In the bond division Washington
Gas 6s. series A came out at 103,
while the series B bonds opened at
305 ’5 for a SSOO bond and closed at
104% on a S2OO sale.
Washington Railway & Electric 4s
changed hands at 85 3 4 on a SI,OOO
turnover, and a SI,OOO Anacostia &
Potomac Railroad 5 sold at 83.
MARYLAND COUNTIES
AWARD BOND ISSUES
Epeeial Dispatch to The Star.
BALTIMORE, February 26 —Two
Maryland counties —Prince Georges and
Wicomico—yesterday awarded bond is
sues. Baltimore bankers being the .suc
cessful bidders in both cases. Alexander
Brown & Sons of this city, and the
Salisbury National Bank were awarded
the Wicomico County obligations,
amounting to $300,000. at 101.531, or on
a slightly less than'4 30 per cent basis
Only 30 cents per SI,OOO bond separated
the first and second highest bids, the
latter bid having been submitted by the
Baltimore company.
The Baltimore company and Robert
/Garrett & Sons were the successful bid
' ders for the Prince Georges County is
sue. amounting to $125,000. the price
being 102.229, or an approximately 4.35
per cent basis. The bonds of both coun
ties bear interest at the rate of 4 1 ? per
cent. Those of Wicomico County ma
ture serially December 1, 1930. to De
cember 1, 1943, while those of Prince
Georges County mature up to 1959.
■ ■■ ■ ' - •
Canadian National Railways.
NEW YORK, February 26 </P). —Tht
Canadian National Railways plan tc
spend $9,000,000 on branch construc
tion in Western Canada this year, ex
clusive of the Hudson Bay Railway ant
expenditures for betterments or nev
works on present lines.
FINANCIAL.
I NEW YORK STOCK EXCHANGE
Received by Private Wire Direct t- The Star Office.
(Continued From Page 13.)
.—Prev 1930.-. Stock and Sales— Prev.
High. Low. Dividend Rate. Add 00. High. Low. Close. Close. !
87 72 Minn Moline pr 6 74.. 6 82% 82 827* 82%
2 1% Minn &St Louie.... 1 IS IS IS IS
5874 46S Mo Kan & Texas.... 34 54 53S 64 63
1067 s 103 Mo Kan & Tex pf(7). 3 105% 105 105 105%
93 87 Missouri Pacific 4 91 9074 91 91%
141 134 Missouri Pac pf (5).. 4 13974.139 13974 1397).
40 31V4 Mohawk C Mills (3). 1 32 31S 31% 32S
.4974 38S Montgomry Wrd <3) 400 45% 44% 45% 44
lib Moon Motors 112 12% 11% 12S 11%
72 58% Morrell* Co (4.40).. 4 68 67 67 68
2 1% Mother Loda <4oc).. 5 174 1% 174 174
7% 4% Motor Meter G & E. •> 1 6 6 6 5%
32 26% Motor Wheel (3).... 5 30% 2974 30% 2974
20% 12% Mullins Mfg 1 18% 18% 18% 18
24% 18 MurrayCor <b2 % atk. 18 20S 20% 20% 20%
58% 50S Nash Motors <6>.... 14 5174 6054 5174 51%
26% 18S Nat Acme (1 %).... 12 25% 24% 2474 25%
20% 11 Natl Air Trans 26 19 18% 1874 18%
15% 9% Natl Bella Hess <sl) 5 1154 107* 11 11
87 71 Nat Blsn <p2.80). ... 18 84% 8274 83 82%
145 14274 Natl Biscuit pf (7).. 1 14274 14274 14274 143%
83% 73 Nat Cash Reg,A(t4). 22 74% 73% 74% 727).
62% 4574 Nat Dairy! J 2 > 67 61% 48% 50% 48%
21% 20 Natl Dept Stores.... 9 22 20% 22 20
39% 29 Nat Distillers (2).... 35 97 36 3674 35%
33 27% Natl Enameling (2).. 3 31 3074 31 32
117 116 Natl Lead pf B t 6).. 10s 116 116 116 116
42% 32 Natl Pwr* Lt (1)... 124 4074 38S 39% 3874
11 4 Natl Radiator pf.... 1 774 77* 774 574
92% 7074 Natl Surety (6) 2 83 83 83 83
32% 27% Nevada Copper <3).. 11 287* 27% 27% 27%
65 61 Newport Co A (3).... 1 63 63 63 61%
57% 40 Newton Steel (3).... 2 53% 52% 52% 5374
1925* 167 NY Central (8) 26 182*. 180 1825* 188
144 130 N Y Chi &St L (6).. 2 136’* 1347a 13674 134
42 35 N Y Dock 1 38 38 38 41
123 74 1 08% NY NH & Hart <6>... 4 121 12074 121 120%
128 122 NYNH &H pf (7).. 1 127 127 127 127% i
4% 174 N Y Railways pf.... 6 374 3 374 2% j
102% 100 N Y Steam pf (6) . ... 30s 10074 100 100 1007*
265 226 Norfolk&WestnflO). 1 263 263 263 264%
110% 93% North Am<blo%stk) 74 109% 106% 109% 106% |
102% 100% North Am Ed pt (6) . 1 102% 102 S 102% 10154
51% 45 Nor Ger L10yd(3,41). 2 49% 49% 4974 48%
97 84% Northern Pao (5).... 1 937* 92% 9374 92
96% 82 74 North Pac ct (5)... „ 1 925* 92% 92% 9154
23% 1374 Oliver Farm Equip.. 2 20 1974 20 1954!
42% 31% Ollvr Fr Eq cv pt(3). 2 3774 37% 37% 38 j
35* 25* Omnibus Corp 98 5 37* 4 % 3%
79 63 Orpheum Cir pf <8). 10s 78% 7874 7874 79
125 118% Otis Elev pf (6) 150 s 125 125 125 125
36 30% Otis Steel (2 %) 4 3474 34 34% 33%
69 53 Outlet Co (4) 20s 587 s 5874 5874 58
64% 5274 Pacific Gas* Et 2).. 14 62% 61% 62% 61%
9354 72 Pacific Lighting (S). 19 90 887* 897* 88
IV* 1 Pacific Oil stubs.... 3 174 17* 174 1%
178 150 Pacific Tel & T «7).. 110 s 167 165 167 165
145 116% Pacific T&T pf (6). 50s 139 139 139 14074
195* 165 s Packard Motor <l).. 642 1954 19% 19% 19%
60% 52 Pan-Am Petroleum.. 2 63 6254 53 61%
60% 5074 Fan-Am Pete 8...... 4 62% 52 6274 62
5% 4% Panhandle P & R.... 8 4% 474 4% 4%
67% 48% Paramount-F-L (4). 38 2 6774 6674 67% 65%
29 26 Park& Tilford ($3). 1 255* 25S 255* 26%
23 1754 Parmelee Trans 154 - 237 21274 20% 22 2074
4*4 2*4 Pathe Exchange 4 3% 3% 354 3%
14 67* Peerless Motor Car.. 4 1154 11% 11% 117*
3774 26% Penick & Ford (1)... 2 35 335* 35 35
80 63% Penney (JC) (2%).. 2 72% 72% 7274 73
95 93% Pen (J C) pf A (6)... 1 94-% 94% 94% 95
B*4 6% Penn Dixie Cement. . 3 76% 65* 7
8574 7274 Pennsylvania RRt 4) 27 825* 8174 82 81%
162 150 Pere Alarquette <tß). 1 155 155 155 16154
98 945* Pere Marq pr pf <s>. 30s 98 97 98 97
20% 18% Pet Milk tl % J 1 20% 2074 2074 20%
43% 38% Phelps Dodge (3).... 8 39% 39 39% 39
177* 115* Phila & Read C & 1.. 4 1574 14** 157-a 14%
52 50% Phila Co 6% pf t 3).. 1 527* 5274 52% 62%
35 29% Phillips Petrm (n 2)„ 21 325* 317* 32% 30%
1% 1 Pierce Oil 11% 1* 1% 11*
3% 27* Pierce Petroleum.... 9 2** 2% 2% 254
37 1 * 34 Pillsbury Flour 12). 1 3474 34% 34% 35
50% 45 Pirelli Co A (2.88 ). .. 11 50 4 95* 495* 4974
1574 1 5 7 4 Pitts Terminal Coal. 1 Jl n 14 14
2174 20% Plttston Company... 3 20V* 2074 2074 20%
335* 27% Poor &Co (B) t2>... 6 307* 307a 307* 30%
25% 12 P Rican Am To <B).. 50 2374 21% 23% 2174
5274 46 Prairie Oil * Gas(2) . 68 47 46 4674 46
60 575* Prairie Pipe L <TS).. 20 59 57 69 57y*
16% 7 Pressed Steel Car.... 15 157* 15 1574 15
, 76% 52 Pressed Stl Cps (7).. 4 7374 71 737* 74%
697-s 52% Proc & Gambia (2).. 3 68% 67% 6874 66%
974 614 Prod & Refiners..... 15 7 67 a 7 g.» 4
5444 46 Prophylactic Br(2). 40s 5274 5274 52% 517 s
965* 81% Public Serv. NJ 3.40. 176 967* 954* 9674 95
I 110 10614 PubSvcNJ pf (6)... 4 1095* 1097a 1094* 109%
; 10874 107% Pub Svc E&G pf(6).. 3 1097* 109 109 108%
; 1555* 143 Pub Svc NJ pf (8)... 1 154 154 154 152
89% 8274 Pullman Corp (4).... 2 82% 8214 82% 827*
24% 21% Pure Oil <l7i ) 16 217* 217* 21% 21%
8874 77 Purity Bakeries (4). 5 84% 83% 845* 84%
46% 3454 Radio Corp 1554 4744 44% 47% 44%
73% 68 Radio pf B (5) 1 7174 71% 7174 71
31% 19 Radlo-Keith-Orpb A. 368 30V* 28% 30 28%
I 4374 33 Ray bestos Man 2.60. 3 40 39% 40 39%
i 597* 44% Real Silk (5).. 16 68% 577* 5874 66%
! 57* 374 Rels(R)&Co 18 4% 4 4% 4
i 37 30 Reis (Robt) &Co pf. 1 31 31 31 31
3774 2554 Rem Rand (1.60).... 90 3674 3544 3674 35
987* 92 Reming-Rnd Ist (7). 1 98 98 98 98
14% 10% Reo Motor Car (.$0)„ 5 13% 1374 1374 13
81 72% Repub Ir & Steel (4). 6 76% 75 76'/* 75
114 107 Rep lr&Stl pf (7)... 4 112 1115* 112 111%
30 26 Rever Cop & Brass.. 1 23 23 23 2774
774 4 Reynolds Spring.... 21 6 5% 67* 5%
55% 4974 Reynolds Tob B (3). 95 54% 53% 54 63%
45% 41 Rhine WEI P (2.16). 1 42% 42% 4214 42
26% 2174 Richfield Oil (2).... 7 247a 24 247* 24%
19% 16% Rio Grande 011 (2).. 21 19 1874 19 1874
j 44% 377* Rossia Inc (2.20).... 45 42% 38% 41% 39%
! 6454 4974 Royal Dutch <a3.20). 3 507* 5074
122% 96% Sareway Btores(e6). 37 1025* 100 1017* 997*
9974 96 Safeway pf (6) 10s 98 98 98 98
i 109 10574 Safeway Strs pf (7). 100 s 10874 108% 108% 108%
31% 24% Savage Arms (2).... 1 28 28 28 2974
13% 474 Schulte Retail Strs.. 4 8% 844 ' 874 87* 1
12% 9% Seaboard Air Line... 14 10% 1074 1074 10% ‘
28 22'/* Seaboard Air Line pf 1 24% 24% 2474 24% 1
1154 9% Seagrave (e1.20).... 3 11 11 11 10%
100% 82% Sears Roebuck ($2 741 17 90 8674 89% 87%
10% 774 Servel Inc 79 874 8 87* 8%
56% 54 Sharp* Do pf (3%). 1 6574 5574 55% 557*
4854 365* Shattuck(FG) (tl 74) 42 435* 43% 435* 43
47 425* ShellTranspt(a2.4l). 10s 42% 42% 425* 4254
! 23% 21 Shell Union (1.40)... 37 21% 2174 21% 21%
10474 101 Shell Un Oil pf (6 74) 2 1017* 10174 101% 1017*
I 145* 8% Shubert Theatres. .. 4 12% 12% 12% 12%
] 9474 62% Simmons Co (g 3)... 146 667* 64% 66% 64%
: 287* 2274 Simms Pet (1.60).... 7 24% 24% 24V* 24%
25% 21% Sinclair Con Oil (2). 140 2454 227* 24% 23
32% 2874 Shelly Oil <2) 15 30 28% 29:4 2874
8 574 Snider Packing 3 6 6 6 7
36% 23% Snider Packing pf... 9 35 34 34% 34
104% 95% Solvay Am In pf 6%. 3 104 10354 104 103
305* 24% So Por Rico Sug «2). 6 25 25 25 25
Baltimore Markets
Special Dispatch to The Star.
BALTIMORE, Md., February 26.
Potatoes, white, 100 pounds, 2.25a2.70;
sweet potatoes, barrel, 1.75a2.00; yams.
I barrel, 1.75a2.50; beets, basket, 2.00a
2.25; cabbage, hamper, 75a1.00; carrots,
100, 3.00a4.00; cauliflower, crate, 75a !
1.60: celery, crate, 3.00a5.50; lettuce,
crate, 2.50a3.25; kale, barrel, 75a1.25;
onions, 100 pounds, 1.50a1.75; pepper
crate, 3.00a6.00: peas, bushel, 2.50a3.00;
parsnips, basket, 40a50; spinach, bushel,
50a90; squash, bushel, 2.50a4.00; to
matoes, crate, 2.50a5.00; turnips, ham- ,
per, 25a30; apples, bushel, 75a2.50; i
cranberries box, 6.50a7.00;, grapefruit,
box. 2.50a4.25; oranges, 2.10a4.50; straw- ;
berries, quart. 15q45.
Dairy Market.
Poultry, alive—Turkeys, pound, 30a !
36: old toms, 20a25; Spring chickens,
30a35; poor, thin, 19a20; old roosters,
17al8; capons, 30a36; ducks, 17a30;
old hens, 28a30; Leghorns, 24a25;
guinea fowls, each, 45a70; pigeons, pair,
1 i 25a30.
Eggs—Receipts. 1,807 cases; hennery
,j white, firsts, 28a28%.
, : Butter —Good and fancy creamery,
34a38; ladles, 31a32; store packed, 20a
’ 21; rolls, 25a28; process, 33a34.
r Live Stock Market.
Cattle —Receipts, 100 head: supply
5 light, market higher. Steers, choice to
■ prime, none; good. 12.00a12.50; medium
1 to good, 7.25e12.00; fair to medium,
.i10.25a11.25; plain to fair, 9.25a10.25:
* j common to plain, 8.00a9.00. Bulls
e choice to prime, none; good to choic", j
E none; medium to good, 8.50a9.00; fail
to medium. 8.00a8.50; plain to fair, ]
' 7.00a8.00; common to plain, 7.00a7.5C
' .Cows, choice to prime, none: good tc
* choice, none; medium to good. 7.50 to
£ 800; fair to medium. 6.00a7.50; plain
5 to fair, 5.00a6.00; common to plain, 4.00
* a5.00. Heifers, choice to prime, none;
r good to choice, 10.00all.00; medium to
■ good, 9.00al0.00; fair to medium, B.ooa
* 9.00: plain to fair, 7.00 to 8.00; common
e j to plain, 6.00a7.00. Fresh cows and
springers, 60a1.50.
Sheep and lamb—Receipts, 25 head:
light supply, market lower. Sheep, 200
a6.50; lambs, 7.00a1250.
,e Calves —Receipts, 200 head; light sup
o ply. market lower. Calves, 7.00a15.00.
:- Hogs—Receipts, 400 head; light sup
;- piy, market lower. Lights, 11.75a12.00
d heavies, ll.50all.90; medium, 11.75a
w 12.10; roughs, 7.50al0.00; light pigs
10.00al0.50; pigs, 11.20&11.40.
THE > EVENING STAR, WASHINGTON. D. C., WEDNESDAY, FEBRUARY 26*. 1930.
| ,-Prev. 1930.—. Stock and Sales— Prev.
High. Low. Dividend Rate. Add 00. High. Low. Close. Close.
122 117 So Port Rlc Spf (8). 10s 117 117 117 117
' 6454 56% Southern Cal Ed (2). 16 64% 63% 64 63%
127 1197* Southern Pacific (6). 4 124 124 124 lg 3
136% 129 Southern Rwy (*)... 6 12874 128% 12874 129
36 33 Spalding(AG) (2)... 2 35% 357* 35% 34%
31 1974 Spang-Chalfant 2 27 267* 267* 27
2074 13% Sparks Wlthngtn(l). 11l »17* 20 21% 19%
80 71 Spear &Co pf (7).... 10s 80% 80% 80% 80
36% 21% Spicer Mfg 19 33% 32 32% 3274
52 35% Splegel-May-St ($).. 26 46 $4% 4474 45
29% 25% Staiid Brands (1%).. 96 26% 25% 26% 2574
119% 11774 Std Brands pf (7)... 1 119% 119 119% 119
7% 5 Stand Com Tob (1).. 16% 65* 65* 7
12474 1095* Stand Gas &El (3%) 82 11974 116 118% 1177*
66 64 Stand G*E pf (4).. 4 657* 657* 657* 65%
15 10 Stand Invest Corp... 3 14 14 14 14
61% 55% Stand Oof Cal (2%). 25 59 68% 58% 58%
6674 58 Stand Oil N J (t 2).. 126 6074 5854 60% 58%
3374 317* Stand Oil N Y (1.60). 83 33% 3274 33% 32%
1754 10% Sterling Sec A 3 16 16 16 1574
f 42% 36% Sterling Sec cv pf (3) 2 4174 41% 4154 41%
44 38 Stewart-War <h3%). 4 395* 38% 39% 39%
103 77 Stone & Webster 14). 36 93% 91% 92 * 91%
47% 4054 Studebaker Co (5) .. 16 425* 427* 42% 42%
59% 63 Sun Oil (II) 3 53% 53% 53% 63
77% 574 Superior Oil 15 5% 5% 55* 5%
'26% 20 Superior Steel 11 217* 207* 21 20! a I
5 2% Symington 2 4% 474 474 4 I
12 8% Symington (A)... ..i 2 107* 10 10% 10 !
18 1654 TelautoCp (t 1.25).., 1 17 17 17 17 I
1674 13 Tenn Cop &Ch *1)... 1 14% 145* 14% 14%
567* 50% Texas Corp (3) 33 52% 61% 52% 51% !
64% 547* Tex Gulf Sul (4).... 34 62% 605* 62% 6054
10% 9 Tex PC & O (bl 0%). 2 9% 9% 97* 9
167* 13% Texas Pac Land Tr.. 168 16 % 14% 1574 1 574
32 26% The Fair (2 40) 1 27 27 27 265*
38 335* Thompson Prod 7 35% 337* 35% 34
15 11% Thompson Starrett.. 3 127* 12% 12% 1254
1374 10% Tide Water Asso 60c. 6 11% 11 117* 11
187* 1474 Timken Det Ax T6oo 19 16 16 16 16
i 80% 70% Timken Roller (3)... 13 77% 75% 77"* 7514
117* 75* Tobacco Products A. 2 9% 95* 9% 9%
j 107* 75* Transcontinental Oil 57 87* 75* 8 7%
j 28% 16 Transue & W U).y.. 1 23 23 23 237*
39 30% Tnco l’rod 12 74).... 10 38% 38 38% 38
3774 33% Truscon Stl (g 1.20).. 2 33% 337 i 33% 34
31% 247* Twin City ltp T (4).. 8 267* 25 25% 26%
79 70 Twin City R T pf(7). 20s 7 574 75 7 * 75 % 75%
122% 9774 Und-Ell-Flsher (6).. 32 122 118 121% 118
i 945* 76 Union Carbide (2.60) 176 91% 89% 91% 89
46% 4174 Union Oil of Cal ($2) 6 4374 427* 43% 427*
23774 215 Union Pacific (10)... 6 229 226% 227 224
83% 82% Union Pacific pf (4).. 3 84 83% 83% 83%
36% 337, Union Tank Car 1 3374 33% 33% 33%
54% 4374 Utd Aircraft* Trans 364 567a 54% 56 527a
64 56 Utd Aircraft&T pf 3. 2 63% 63% 637* 63
45 36 Utd Biscuit (1.60)... 2 437* 43% 43% 427*
54% 44% Utd Carbon (2) 26 48% 47.* 48% 47
9 4 Utd Cigar Stores.... 10 67* 6 67* 67*
407* 307* Utd Corporation 108 395* 3874 39 % 387*
50 46-% Utd Corp pf (3)...... 9 50 50 50 495*
1974 10 United Elec C0a1.... 8 1774 1774 1774 18
105 867* United Fruit (4) 26 92 90 92 89
40 3154 Utd Gas & lmp(1.20) 177 38% 3754 38V* 3754
12 47* United Stores A....* 18% 874 87* 9
36% 15% Udt Stores pf -1 27% 277* 277* 29%
20% 1674 U S Distributing.... 1 3 16% 167* 167* 16%
27% 187* US & Foreign Secur. 19 26 26 26 257*
1017* 85% US Freight (3) .. 4 89 86% 89 86!*
139% 1107* U S Ind Alcohol (t7). 30 11954 117 1195* 1165,
19% 15% U S Leather A....... 1 lt> 15 15 16
33% 18% U S Pipe* Fdry (2). 64 32 30% 32 305*
175* 1554 U S Pipe Ist pf (1.20) 8 17 17 17 16%
69% 60 U S Realty (6) 5 6574 65 65% 64%
297* 21% US Rubber 43 26% 2574 265* 26%
53% 475* U S Rubber Ist pf... 8 62% 52 5274 61%
36% 32% U S Smelt Ref *3 74). 7 33% 33% 33!* 337.
53% 52% U S Smelt Ref pf 3 % 2 5 3 625* 63 62%
18974 166 US Steel (7) 522 183 179 183 179%
142% 141 US Steel pf (7) 2 142% 14274 14274 142%
68 60'4 U S Tobacco (4) 1 66 66 66 66
5% 2% Unlv Pipe & Rad.... 1 47* 4V* 474 474
39 3174 Util Pwr&Lt A (e2). 49 37 36 36% 36
5% 4 Vadsco Sales Corp... 8 5V* 674 57* 5%
73% 49% Vanadium <T4) 25 69% 67 69% 60%
4174 37% Vick Chemical (2 74). 3 407* 40 74 40 % 41
7% 67* Vtrglnla-Car Chem.. 3 6 6 6 6
307* 26% Virglnia-Car 6% pf. 1 277* 27% 27% 27%
132 65 Vulcan Detinnlng... 390 s 121 117 121 110
12474 68 Vulcan Detin A UOs 115 110 115 115
2874 247* Waldorf Systm (174) 5 26% 26 26 26
38% 26 Walworth Co (2).... 20 36% 35% 36% 35%
637* 3854 Warner Bros Pic (4) 1150 637* 62% 63% 62
55% 3674 War Bros Ppf (2.20) 48 56 54% 55% 5474
20% 16% Warner-Qulnlan (2). 9 18% 18% 18->, 18%
1587* 132 Warren Bros (t 9)... 26 160% 155 158% 1527*
8% 574 Webster-Eisenlohr.. 1 67* 674 67* 7
54% 5074 Wess O& Sn pf (4).. 1 53 53 53 53
105 99 West Ptenn El A (7).. 10s 10274 10274 102% 104
100% 9774 West Penn El pf (6). 20s 995. 995. 99% 99%
110 1055* West Penn El pf (7) .310 s 10974 1077* 109’. 108
10774 10454 West PennPw pfi6) 60s 10774 107% 107% 1077*
11654 113% West Penn Pw pf *7) 10s 115% 115% 115% 115%
46 44 Westn Dairy A (4)... 2 467* 46% 467* 46
1974 13% Westn Dairy (8).... 2 177* 16% 17% 16%
297* 247* Western Maryland.., 20 27% 261* 97 25%
5074 40% Western Pacific pf... 4 447* 44 44% 44
219% 190 Western Union (8).. 41 2135* 2105. 213 210%
505* 4354 Westinghse A B (2). 9 48% 48 48 74 4 8
182 140 Westinghse E&M (5) 218 1807 3 1725* 1797* 1715*
177 133 Westhse E&M pf (6) 200s 175 169 175 165
38 29% Weston El Ins (1)... 14 36% 35 36% 24%
59% 37 Westvaco Chlor (2).. 3 63 5254 53 52
28 26 White Eagle Oil (2).. 2 287* 27% 28% 27%
3674 31 White Motors (2).... 5 34% 34% /4M% 34
46% 36% White Rock M S (t 4) 8 45 42 45 447*
15 115* Wilcox OH & Gas.... 1 11% n% 11% 19
2674 1 974 Wilcox Rich. B (2).. 1 25 25 25 24%
47% 3% Wilson* Co 3 4 3% 3% “4'*
107* 7% Wilson* Co A 2 9% 9% 9% 9%
72% 60% Woolworlh (2.40)... 33 63% 62‘* 63% 62
87% 677* Worthington Pump.. 7 83!. 82 83 SO',
95 88 Worth Pump A <7).. 1 95 95 95 93
70'/, 6874 Wrigley YVm (4).... 2 687* 68 68 68%
75% 72% Yale & Towne (T 5)... 2 7 5 7374 7 5 73 7*
227* 125* Yellow Truck & C.... 47 20 19% 19% 19%
, 45 36% Young Spring (3)... 18 42 40% 41 407*
134% 108 Young Sheet & T <6). 2 1317* 131 131 130
11% 554 Zenith Radio 3 10% 9% 107* 9%
RIGHTS EXPIRE
2 74 Am R Mills. .June 15 41 1% 1% 1% j**
154 5* Balto & Ohio. Mar 11 82 5. % % %
37* 1 Col Carbon.. Mar 11 18 17* 1% 1%
5. & Erie R R Feb 281139 7* 7* % v*
14% 13% Llg & Myers. .Mar 12 258 145. 14% 145, 14%
Sales of Stocks on New York Exchange.
10:30 A.M....... 354.400 12:00 Noon 1 246 400
1:30 P.M 1.958.500 2:10 P.AI 2ri55!300
Dividend rates as given in the above tables are the annual cash
payments based on the latest quarterly or half yearly declarations,
j s Unit of trading less than 100 shares, t Partly extra i Plus 4%
in stock. § Payable in scrip, f Plus 9% In slock, a Paid last year—
I no regular rate, b Payable in stock, d Payable when earned e Pay
in, r ca ? h ° r S tOCk A, ' Plus 10% in stork, g Plus 6% in stock,
f *L p . Us * n stock. J Plus 8% In slock, k Plus 3% In stock, m Plus
B tockhok!ers° Ck n Plus 5,<? In stock, p Subject to approval of
NEW SECURITIES.
NEW YORK, February 26 (/P>. —New
security offerings today include:
Western Utilities Corporation, $2,-
000,000 issue of 6 per cent notes, due
September 1,1931, at 99.25.
Sheffield Steel Corporation, $1,500,000
additional issue of first mortgage & l / 2
per cent bonds, due March 1, 1948, at
97.50.
CHICAGO DAIRY MARKET.
CHICAGO, February 26 (/P).—Butter
—Easy; receipts, 8,698 tubs; creamery,
extras, 33%; standards, 33%; extra
firsts, 32%a33; firsts, 31 %a32; seconds,
30a30%.
* Eggs—Firmer; receipts, 15,045 cases;
extra firsts, 26%a27; graded firsts,
j 25%a26; ordinary firsts, 24a25.
NEW BUILDING CONTRACTS.
NEW YORK, February 26 (jP).—F. W
Dodge Corporation reports that new I
building and engineering contracts let
l in the 37 States east of the Rockies i
! during the week from February 15
through February 21 amounted to $63,-
562,300, an increase of $2,392,300 ovei j
; llle previous week’s total, but contrast- 1
ing with a total of $89,663,800 in the
corresponding period last year.
SHORT-TERM SECURITIES
(Keported by J. <fe w. Seligman * Co *
Allis-Chalmers Co. 5s 1937 99% Soar.
i Alum. Co. Os Amcr. 5s 1952 102 102'-
: Amer. Rollout Mills 5s 1948 98 7 „ 99%
I American Tel. A Tel. 5%r 1943: 105% 105%
, Balto & Ohio 4%s 1933 99 99%
? B ,\ av i a . n Oorp. 4' js 1942. 93% 93%
Hell Tel of Canada fts 1957.... 100 100%
I California Pet Curi*. 5%.s 1938. 99% 100
| Canadian Nor, Ry. 4%s 1935... 98% 99'.
: Ghlcaito Rock Island 4« 1934... 96% 98%
I Chile Copper Co. 5s 1947... 95 95%
Cudahy Parkin* Co. 5%s 1937. 96% 97
Edison El. II of Bost. 4%s 1930 99% 100
| Gen Mot Accep. Corp. 6s 1937. 102% 103
General Pet. Corp. 5s 1940 100 101%
Goodyear T. & R. 5s 1957 92 92%
j Grand Truukof Canada 6s 1936 104% 105
! Gulf Oil of Pa. 5s 1937 100% 100%
' Humble Oil 5%s 1932 101% 102%
I Internatl. Match Corp. 5s 1947. 97% 97%
m u ’ *t, 8s 1932 101% 102%
i Phil'.tpe Pet. Co. 5%s 1939 89% 91
1 i Pure Oil Corp 5%s 1937 99% 100%
Shell Union 011 5s 1947 04 95
Sinclair Crude Oil Co. 5%s 1938 98 98%
Stand. Oil of N. Jersey 5s 1946 102 102%
St. L„ Ir Mt & So Ry. 5s 1931 100% 100%
St. L . Southwestern Ry. 4s 1932 98% 98%
Swift tc Co. 5s 1932 100 100%
Union Oil Co. of Calif. 5s 1935. 99% 100
United Drug Co. 5s 1955 93% 94%
I Western Electric Co. 5s 1944. .. 101% 101%
I Wheeling Steel Corp. 5%s 1948. 101 101%
Wheeling Steel Co tm. 4%s 1953. 87% 88%
B. & 0. PAVES WAY FOR
U. S. RAIL MERGER PLAN
Special Dispatch to The Star.
BALTIMORE. February 26.—The Bal
timore & Ohio Railroad has withdrawn
its own rail consolidation plan, paving
the way for acceptance of the Inter
state Commerce Commission’s proposed
method of amalgamation.
It is the first railroad in the country
to do so. The Wabash, the O. & 6
and probably the New York Central will
follow its example, according to close
: observers of the situatlort.
R. M. Smith, one of the lawyers for
the B. & o„ announced withdrawal of
| h s own merger proposition in a letter
I Charles D. Mahafle, finance directoi
for the commission.
The Baltimore & Ohio might have
filed an amended petition protesting
the I. c. C. consolidation project as
made known last December 9.
TOBACCO LEADS CROP
YIELDS IN VIRGINIA
Tobacco during a four-year period
represented 20.6 per cent of the gross
farm income obtained from 30 Virginia
commodities, according to Arthur G.
! Peterson, economist at Virginia agri
| cultural experiment station.
Os gross income received by State
I farmers during the four years. 1922 to
j 1926, 63.3 per cent was obtained from
crops. Livestock and livestock products
accounted for the other 36.7 per cent.
Os the four types of tobacco grown,
I bright (flue-cured) was the most im
portant. the study shows, with about
88,000.000 pounds production yearly.
Dark (fire-cured I was second, with
about 44,000,000 pounds.
————— - • .i
Standard Plate Glass Co.
NEW YORK, February 26 (A*).—Suc
-1 cess of plans to give temporary assist -
| ance to the Standard Plate Glass Co.
in its financial difficulties is seen in the
announcement that more than 80 per
cent of the company’s five-year notes,
maturing on Saturday, have oeen de
posited with the protective committee.
The depositors agree to accept payment
of the interest due March 1 and 75
per cent of the principal in cash. They
also consent to a six months’ time ex
! tension lor payment of the remainder.
BONDS IRREGULAR
IN NARROW RANGE
New Rail Issue of $32,228,
000 Proves Day’s New
Feature.
BV F. H RICHARDSON.
Special Dispatch to The Star.
NEW YORK. February 26.—80nd val
ues again fluctuated irregularly today,
with little evidence in the listed issues
on which to gauge the market.
The feature of the day was the an
nouncement of terms of the new Chi
cago. Rock Island & Pacific Railway
bond issue of $32,228,000 30-year bonds.
The coupon is 4% per cent, and the
bonds are convertible into common stock
of the road at $125, or eight shares per
; SI,OOO par-value bond.
| Since the bonds are offered to stock
! holders at 95 to the extent of 25 per
I rent of their holdings, this makes pos-
I sible the purchase of the common stock
i at about $118.50 a share, and the con
version privilege runs until May 1, 1940.
at this same figure. The plan must yet
be approved by the stockholders and the
Interstate Commerce Commission. The
bonds were admitted on a “when is
sued" basis to the Curb Exchange and
were actively traded around 99.
The entire $5,000,000 Province of
Nova Scotia offering of 5 per cent de
bentures went to a Canadian syndicate
at a price of 98 926.
There are no parallel issues of Rock
island bonds outstanding, but a recent
Baltimore <fc Ohio convertible issue of
4'j per cent sold as high as 103 after
being offered at 95. It was quoted to
day around 98" St. Other new issues in
cluded $1,500,000 Sheffield Steel Cor
poration s‘is at 97'i>, $2,000,000 Western
Utilities Corporation 6s at 99'* and
$8,085,000 St. Louis-San Francisco
equipment, trust, certificates to mature
1931 to 1945. the maturities to yield
from 4.50 to 4.70 per cent.
In the prime group United States
Government bonds were slightly higher
and there were advances in American
Telephone 5' 2 s and Philadelphia Co.
ss, the rest of the section being un
changed or fractionally lower. Bonds
with conversion features were moderate
ly active and somewhat higher, Amer
ican Telephone 4‘/ 2 s gaining 2 points
Junior railroad bonds were strong with
gains in Chicago & Great Western 4s
St. Paul adjustments, Florida East
Coast ss. International Great Northern
adjustments, Missouri-Pacific 4s St
Louis-San Francisco 4' ; ,s, Seaboard All-
Florida "A" 6s and Wabash 4%5.
—•
Washington Stock Exchange
SALES.
Wash. Gas 6s A—ssoo at 103, SIOO at
Wash. 6s B—ssoo at 105 s„, S2OO
Cap. Tract. Co.—2 at 86' 2 .
Pot. Elec. s> a % pfd.—3 at 107',5 at
107 ‘ a . sat 107%.
Mergenthaler Linotype—lo at 108%, 10
at 108 V
The Carpel Corp.—ls at 23 3 <i.
AFTER CALL.
Wash. Gas 6s A—ss,ooo at 103.
Wash. R. & E. 4S—sl,ooo at 85 3 i.
Pot Elec. 5',i% pfd.—s at 107 3 4 .
Ana. & Pot. R. R. ss—sl,oo at 83.
Bid and Asked Prices.
BONDS
PUBLIC UTILITY.
Amer. Tel. it Telus. 4%s '33... ?o.f Aske< *
Amer. Tel. & Tclita. 4%s '39... 151
Am. Tel. & Tel. ctl. tr. 5s 103% .' '
Anacostia & Pot. R. R. 5s 81 86
Anacostia & Pot, guar. 5s 90 92%
C. & F Tel. of Va Es 100
Capital Traction R. R. 5s 95 96
City & Suburban 5s 83 83'i
Georaetown Gas Ist 5s 98 101
Potomac Elec. Cons. s', 101‘i
Potomac Electric 6s 1953 106 .
Wash., Alex. A- Mt. Vernon ctf. 1 .....
Wash.. Balto. A Annap. 55,... 65 ...
Washington Gas 5s 100
I Wash. Gas 6s. series A 103 103%
Wash. Gas 6s. series B 105’,
Wash. Rwy. A Elec. 4s 85% 86
. MISCELLANEOUS
Barber k Ross. Inc.. 6> 2 s 89% 91
Cham-Vsnblt. Hotel 6%s 75 . ...
Chevy Chase Club 5%s 100
D. C. Paper Mfg. 6s 85
Pot. Joint Stock Ld. Bk 55.... 91 100
W. M. Cold Storage ss. 95
Wash. Cons. Title 6s 80 92%
STOCKS.
Amer. Tel. Ac Telga 231
Capital Traction Co 86 86%
Washington Gas Light 106 130
N & W. Steamboat 250 300
Potomac Elec. 6'.- pfd *lll 113
Potomac Elec SV. pfd 107’* 108'*
Was!. Rwy. Ac Elec, com ... .*SOO
Wash. Rwy. A Elec, pfd *9s'j 96%
Wash., Balto. ,t Annap. com.. 5‘ 2 . ...
Wash., Balto. A Annap. pfd... 7
NATIONAL BANK.
National Capital 250 300
Columbia 410 450
Commercial 239 250
District 216 230
Federal-American 290 300
Liberty 205 212
Lincoln . . 390 430
National Metropolitan 375 385
Riags 520 540
Second 210 216
National Bank of Washington. 250 260
TRUST COMPANY.
American Security A Trust Co. 420 *4O
Continental Trust 127 140
Merchants' Bank 125 140
National Savings A Trust 530 s|n
Union Trust 23.6 215
Washington Loan A Trust 483 500
SAVINGS BANK.
Bank of Bethesda 63 70
Commercial A Savings 330
East Washington 29 35
Potomac 65 75
Security Savings A Commercial 482 499
Seventh Street 305
United States 530
Washington Mechanics’ 50
FIRE INSURANCE.
American 300 .. ..
. Corcoian 150.
Firempn s 39 44
National Union 21 27
TITLE INSURANCE.
Columbia Title 9 14
Real Estate Title 168
Title A Inv. Co. of Md. com ... 20
MISCELLANEOUS.
Barber A Ross. Inc., com 16 18
Chevy Chase Dairy pfd *lO2 108
Col. Sand A Gravel pfd 85 90
D C Paper Mfg pfd.. 45 60
District Natl. Securities pfd.... 91 95
Emerson Bromo Seltzer "A ... 33 35
Federal Storage pfd 110 125
Federal-American Co. com. ... 30 33
Federal-Amencan pfd 100 102
Lanston Monotype *lls 117
Merchants' Transfer A Storage. 109 112
Merchants' Trans. A Stor. p!d. 99 100" 2
Morsenthaler Linotype 108 108' 2
Natl. Mtge. A Inv. pfd 4% 5
Peoples Drug Stores pfd; 103 104
Real Esl Mtgc. A Guar. pfd... 7 7%
Security Storage 110 118
Ter. Ref. A Wlir. Corp 47 51
The Carpel Corp 24 27
Wash. Mech. Mtge. com 914 10
Wash. Medical Bldg. Corp 90 100
Woodward A Lothrop pfd 106
•Ex dividend.
TREASURY CERTIFICATES.
(Reported By J & W. Seligman A Cot
Rate—Maturity Bid Offer
5 1 iis Mar. 15. 1930 100 1-32 100 3-32
; 4%s June 16. 1930 100 14-32 100 16-32
3'«s Sept 1.6. 1930 99 25-32 99 27-32
3V Mar. 15, 1932 99 14-32 99 18-32
3'as Sept. 1.6. 1932 99 14-32 99 18-32
3%s Dec. 15. 1932 99 14-32 99 18-32
FOREIGN EXCHANGE.
' (Quotations furnished By W. B Hlbßs A Co.i
i . Nominal gold Selling check*
value <or par) today
’ I London, pound *4.8665 *4,86,’..
Paris, franc... .0391',
i Brussels, belga 139 1393%
’ I Berlin, mark 2382 .2386%
; Rome, lira ... '. . .0523’,,
i Zurich, franc 193 .1929'..
Madrid, peseta 193 .1238
’ Vienna, schilling.. 14069
1 Budapest, oengn 1749
Prague, crown mom.) .0296',
Warsaw, zloty 1122
Copenhagen, crown 268 .2677
Oslo, crown 268 .2674
Stockholm, crown .268 .2684
COAL PRODUCTION.
; NEW YORK. February 26 t/P).—For
the first week in several months bitu
minous coal production fell below 10,-
, 000,000 net tons in the week ended Feb
- niary 22, the National Coal Assoc la
. tion states, estimating ou f put at ap-
t 1 proximately 9,600,000 tons. The Bu
>; reau of Mines places the tonnage for
/ the week ended February 15 at 10,-
- 300,000 tons and for the week ended
. February 8 at 10,936,000.
ON NEW YORK BONDS STOCK EXCHANGE I
Received by Private Wire Direct te The Star Office
UNITED STATES.
(Sale* are In IL000.)
Sales. High. Low. Close.
LlbStte 59 99 16 99 14 99 16
Lib Ist 414a.. 20 100 31 100 31 100 31
Lib 4th 4%. 66 1018 1016 1018
USS«4a 47.. 25 99 22 99 21 99 22
US3 44 a 75 104 10 104 4 104 10
US 4a 1944.., 24 107 2 106 25 107 2
FOREIGN.
Sales. High. Low. Close.
Argentine «sJu 69. 26 96'4 9644 9614
Argentine May 61.. 10 9714 9714 9714
Argentine 6a Oct 69 18 96% 96% 96%
Argentine 614a 63.. 16 92% 92% 92%
Argentine 6a A.... 25 97 9614 97
Argentine 6s 8.... 4 97% 97% 97%
Australia 4 %a 66. 1 82 82 82
Auatralla 6s 1966.. 16 88% 88 88
Australia 6s 1957.. 11 88% 83 88%
Austria 7a 2 104 10314 103%
Bank of Chile 6% ■- 3 94% 93% 93%
Bank of Chile 6%5. 3 95 94% 94%
Belgium 6s 14 103 102% 102%
Belgium 6%s 5 107% 107 107%
Belgium 7s 1955.... 11 111 110% 111
Belgium 7s 1966... 38 108 107% 107%
Belgium 7%a 23 115% 115', 115%
Belgium Ss 4 110% 110 110
Bolivar 7s 58...... 4 75 75 75
Bolivia 7a ct 69.... 3 74% 74 74
Bolivia fs 2 91% 91% 91%
Bordeaux 6s 46 103% 103% 103%
Brazil 6%s 1926..., 47 76% 76% 76%
Rrazil 6%s 1927.... 2 76% 76% 76%
Brazil 7s 1 85% 85% 85%
Brazil 8s 9 96% 96 96
Bremen State 75.. . 110 t% 101% 101%
Canada 6s 1962...., 3 103% 103% 103%
Chile 6s 60 7 89% 89% 89%
Chile 6s 61 2 90 90 90
Chinese Gov Ry ss. 1 26% 26% 26%
Christiania 6s 2 100 100 100
Colombia 6s Jan 61. 2 75% 75% 75%
Con Pow Japan 75.. 1 99% 99% 99%
Copenhagen 4% 63. 10 91% 90% 91‘,
Copenhagen 6s ct.. 10 97 96% 90%
Czecho 8s 1951 1 109 , 109% 109',
Danish Munlc 8s A. 1 109% 109% 109%
Danish Munlc 8s B. 1 109 109 109
Denmark 4%s 37 92 91% 92
Denmark 5‘,4s 55... li 100% 100% 100%
Denmark 6s 3 1*4% 104% 104%
Dutch East I 47.... 3 101% 101% 101",
Dutch East I 6s 62. 3 102 101% 102
El Salvador 8s 48.. 2 105 104% 104%
Flat 7s ex war 46.. 1 92% 92% 92%
Finland 6%s 2 86% 86% 86%
Finland as 6s 45... 2 96 96 96
Finland 7* 2 101 101 101
Framerlcan 7%5... 2 106% 106% 106%
French 7s 211 115 114% 115
French 7%s 149 121% 120% 121%
German Bank 6s *B. 15 89% 89% 89%
German El P 6% s . 4 91% 91% 91%
German 7s 27 107% 107 107
Greek 6s 1963 2 86% 86% 86%
TTolland-Amer 65. .. 5 81 81 81
Hungary 7%s -. 2 101% 101% 101%
Irish Free State 6a. 4 96% 96% 96%
Italy 7s 75 99 98% 98%
Italian Pub S 75.... 14 95% 95 95%
Japanese 4s 36 96% 96% 96%
Japanese 6 %s 11 103% 103% 103%
Jugoslavia Bank 7s 1 79 79 79
Karstadt 6s 1943... 2 72% 72% 72%
Kreuger&To'l Ss ct. 5 95V, 95% 95%
Lyons 6s 50 103% 103% 103%
Marseille 6s 44 103% 103% 103%
Milan 6 %s 9 90% 90% 90%
Montevideo 7s 2 100% 100% 100%
New So Wales 58... 6 85% 85% 85%
Nord 6%s 15 104% 104% 104%
Norway 6s 1963.... 5 97% 97% 97%
Norway 6%s 4 101 101 101
Norway 6s 1943.... 3 103% 103% 103%
Norway 6s 1944.... 4 103 103 103
Norway 6%s 1952.. 2 102% 102% 102%
Orient dev 5% 68. . 20 88% 88% 88%
Orient Dev’mt 6s 63 3 98% 98 98
Parls-Ly-Med 65. .. 34 103% 103% 103%
Paris-Ly-Med 75... 20 105% 105 105
Peru 6s 1960 13 74% 74 74
Peru 6s 1961 2 74 74 74
Peru 7s 1 93% 93% 93%
Pirelli 7s 52 • 3 110% 110% 110%
Poland 6s 40 1 75% 75% 75%
Poland 7s (rets)... 21 83% 83 83
Poland 8s 13 94 93% 94
Porto Alegre 85. ... 1 92% 92% 92%
Prague 7%s 2 107 106% lift
Queensland 6s 1 101 101 101
P.hlnelbe Un 75.... 1 105 105 105
Rhine West 6s 63. . 10 92% 92% 92%
Rhine Wst EP 7s 50 1 100% 100% 100%
Rio de Janeiro C%» 3 74% 74 74
Rio de Jan 8s 1946. 2 9<f% 99% 99%
Rio Gr do Sul 6s 48. 1 68% 68% 68%
Rio Gr Do Sul 85... 3 96 95% 96
Rome 6%s 37 90% 90% 90%
Sao Paulo 8s 1936.. 6 97 96% 97
Sao Paulo 1950. ... 3 91% 91% 91%
Saxon (PW) 7s 10 98% 98% 98%
Seine 7s 42 6 107% 107% 107%
Serbs CrSlov 75... 21 80% 80 80%
Serbs Crot Slo 85... 3 92 91% 92
Solssona 6s 2 103% 103% 103%.
Sweden 5%s 1 104% 104% 104%
Swiss 5%s 1946 7 103'% 103% 103%
Swiss Confed 85. .. 11 108 107% 108
Tobo El Pow 6s 32. £7 99 99 99
Toho El Pow 7s. ... 3 99% 98% 99%
Toklo 5s 1 7714 77% 77%
Toklo 5%s 1961.... 6 90% 90 90%
Utd Klngm 5%s 87. 9 104% 103% 103%
Unt S S Copen 6s 37 3 09% 99% 99%
Uruguay 6s 1960... 3 96% 96% 96%
Uruguay 8s 4 106% 106% 106*4
Vienna 6s 52 18 86 85% 85%
Warsaw 7s 52 2 77 77 77
Yokohama 6s 6 96 96 96
MISCELLANEOUS.
Abltlbl Pa*P 5s ’53 5 83 83 83
Abram&Straus 5%a l 98% 98% 98%
A.iax-Rubber Bs. 1 46 46 46
Alleghany Cp 6s 44 8 101% 101% 101%
Alleghany 5s 49. .. . 3 101% 101% 101%
Allis Chalmrs 5s ’37 2 100% 100% 100%
Am Chain 6s 33 6 100 100 100
AmChem 6%scv 49 10 101% 101 101%
Am Int Cor 6 %s 49 20 94% 94% 94",
Am Nat Gas 6%s 42 12 74 7.3% 74
Am Smlt & R Ist Bs 18 101% 101% 101%
Am T&T cv 4%s 39 690 154% 151% 154%
Am Tel&Teleg 55*65468 101% 101% 101%
Am T & Tcl tr 65. . 9 103% 103% 10.3%
Am T& T s f 55.... 47 101% 101% 101%
Am Tel & Tel 6%.. 1 105% 105% 105%
Am Water Wks ss. 1 100% 100% 100%
Armour&Co 4%s 39 27 89 88% 88%
Armour Del 5%5... 14 83% 83% 83%
Associated 011 65. . 1 102% 102% 102%
Atl Gulf 5s 69 46 76 75 76
Atlantic Refln 65. .. 6 100% 100% 100%
Bell Tel Pa 6s B 6 103% 102% 10.3%
Bell Tel Pa 6s C 1 103% 103% 103%
Beth Steel rs 65. . .. 8 102% 102% 102%
Bush Term Bldg 5s 1 100% 100% 100%
Chile Copper 65. ... .3 95% 95% 95%
Col G&EI 6s May 52 9 100% 99% 99%
Com invest 5%s 49. 24 86% 86 86%
Com Invest 65’48.. 2 93% 9.3 93
Con Coal Md 6s 6 61 61 61
Con Gas N Y 6%5.. 5 105% 105% 105%
Cuba Cane 8s 1 41 41 41
Cuban Am Sugar 8s 3 100% 100% 100%
Det Edison Bs 40... 1 102 102 102
Det Edison 6s 11 106% 105% 105%
Dodge 6s 14 94% 94% 94%
Duquesne 4%s 67.. 7 99 99 99
East Cuba Sug 7%s 1 80 80 80
Fisk Rub 8s 4 80% 80 80
Gen Cable 6 %s 47.. 9 101% 100% 10l'(.
Gen Mot Ac Cnr 6s 24 102% 102% 10' %
Gen Stl Cast 5%s 4! 4 10.3 102% 102%
Goodrich 6%s 12 106% 106', 106%
Goodyear 5s rets... 33 92% 92% 92%
Hoe *Co 6 ‘is 1 80 80 80
Humble O * R Bs. . 1 100% 100% 100%
Humble O&H6%s 1 102 102 102
111 Bell Tel 6s 3 10.3% 103% 103%
111 Steel 4%s 40.... .3 98 9S 98
Inland Stl 4%s 78.. 2 92% 92% 92%
Inti Cement 6s 48.. t 94 94 94
Inti Match 5s 47 .. 18 97% 97% 97*;
Int Mer Mar 6s. ... 51 97% 97% 97%
Inter Paper 6s 15 88% 86% 88%
Int Tel * Tel 4 %a.. 6 90% 89% 89%
Ini TelArTel 4%s e T 21 119'-.. 118% 119%
!ntl Tel&Tel 65'65. 54 96% 96% 96%
Kan City P& Lt 6s. I 104% 104% 104%
Kan G A E6s 62 23 105% 105 105
Lackawanna Stl 6s. 10 100% 100% 100%
Laclede 6s 6 101 100% 100%
Laclede G 6 %■ 62.. 5 103% 103% 103%
Llgget&Myers 6s 61 2 102 102 102
Loew's. Inc 6s 12 111% 110% 111%
Loew‘s 6s w o war. 32 96% 95% 96%
Lorlllard 6s 20 85 85 85
Lorillard 6%s 2 90% 90% 90%
Lorlllard <P) 75... 3 108 108 108
McC'rmlck ER 6s 84 2 100% 100% 100%
Midvale Steel 65. .. 6 100% 100% 100%
Montana Pow 43... 4 100% 100%. 100%
Montana Pw deb Bs. 1 99 99 99
Nat Dairy 6 Ha...*. 8 98% 98% 98%
FINANCIAL.
.. Sales. High. tow. Close.
Nat Radiator 6%5.. 8 28 23 28
N T Edison 5s «... 2 103% 10314 103%
N Y Edison 6%5.... 17 113% 112% 11314
NYGft EH P ss. .i 1 105% 105% 10514
NYTeUHs 7 99% 99% 99%
N Y Tel (a 41 7 107% 107% 107%
N Y Tel 6s 49 4 110% 110% 110%
North Am Edis 6a.. 27 102 101% 102
No Am Ed 6%■ 62.. 8 100% 100% 100%
Nor States Pow 6a.. 1 100% 100% 100%
Nor States Pow 65.. 6 105% 105 105%
Pacific Gas AEI ss. 26 101% 101% 101%
PacT&T Ist 65.1 102% 102% 102%
Paramount 6s 194 T. 45 100 99% 100
Paths Exchange 7s. 8 47 47 47
Phlla Co 6s 67.... .. 58 98% 97% 98%
Phlla ft Read 6s 49. 17 95% 94% 94%
Phillips Petro 6%5. 9 91 90% 91
Pillsbury F M 65*43 1 104 104 104
Por RlcpAm Tob 65., 6 93 93 93
Postal Tel ft C 6%s 2 93% 93% 93%
Pressed Stl Car 65.. 1 88% 88% 88%
Pub Serv G 4%5'67 4 96% 96% 96%
Pub Serv Gas 4%5.. 31 96 95% 96
Pure Oil 5%s '37... 15 100 100 100
Remington Ar (s 12 6 96 96 96
Rem Rnd 6% war.. 5 96% 96% 96%
Richfield OU 6a 44.. 1 95 95 95
Sinclair 011 6s 2 100% 100% 100%
Sinclair Oil 6%5.... 13 100% 100% 100%
Sinclair 011 7s 6 101% 101% 101%
Sinclair Crude 6%s 17 98% 98 98
Sin Pipe Line 65.... 4 95% 95% 95%
So Por Rico Sug 7s. 2 101% 104% 104%
Southwest Bell 65.. 2 104% 104% 104%
Stand Oil N J 46... 10 102% 102 102
Stand OU N Y 4%5. 3 95% 95% 95%
Tenn Cop 6s B 44... 1 100 100 100
Tenn ElecPow6s 47 2 106% 106% 106%
Tex Corp cv 6s 1944 186 101 100% 101
Transcontl Oil 6%s 6 98 97% 97%
United Drug 6s 61.. 2 93% 93% 93%
U S Rub Ist rs 6s. .. 10 86% 86% 86%
U S Rub 7%s 6 100% 100% 100*%
Utah Pow ALt 6s. . 6 98 98 98
Utilities Pow 6 %s.. 5 87 86% 87
Walworth 6%s 35.. 1 101 101 101
Western Eleo 65... 1 102 102 102
Westn Union 6s 61. 5 101% 101 101%
Westn Union 6%5.. 5 109 109 109
White Eagle 0 6%.. 3 102% 102% 102%
White Sew Mach... 8 73 73 73
Wilson ft Co Ist 6s. 3 100 99% 99%
Youngstn Sft T 6s. 2 101% 101 101%
RAILROAD.
Ann Arbor 4s 2 77% 77% 77%
AsftSF cvt 4s 05.... 1 9ft' 3 90% 90%
Atchison adj 45.... 1 90% 90% 90%
Atchison gen 45.... 7 921* 92% 92%
Atch deb 4%s 43.. » 15 136 135% 135%
At & Bir 4s 33 10 87% 87% 87%
Atlantic C L Ist 4s. 2 91% 91% 91%
Atlantic CL4%s 64 2 97% 97% 97%
Balto&Ohlo gold 4s. 3 92 92 92
BAOcv 4%s 14 99% 99% 99%
BftOrf 6s 6 102 10% 1 102
B&Olstesct 18 103% 103% 103%
B ft O rs Imp 65.... 3 109% 109% 109%
Bft O PLEWY 45.. 3 92% 92% 92%
BftOSW 6s 60.... 1 102% 102% 102%
Bang ft Aroos 4s 61 8 87 86% 87
Boston ft Maine 6s. 10 98 97% 97%
Bklvn Manhat 65.. 11 97% 97'* 97%
Bklyn Un El 5s 50.. I 85% 85% 85%
Bklyn Un El 5s sta.. 2 85% 85% 85%
Ruff Rft Pttts 4%5. 3 92% 92% 92%
Bush Term con 65.. 1 100% 100% 100%
Can Nat 4%s ’54.... 2 94 94 94
Can Nat 4%s *57... 2 93% 93% 93%
Can Nat 4%s *68... 27 93% 93% 93%
Canada Natl 6a ... 11 101 100% 100%
Can Nor 4%s 1936.. 3 99% 99% 99'-
Can Nor 7s • 3 110 110 110
Can Pac deb 4s 5 84% 84 84%
Can Pacific ctfS 6s. 3 102 101% 101%
Cent Pac 4s 4 92% 92 92%
Cent Pac Ist 6s 90.. 32 103 102% 103
Ches&OCorpn 6s. 15 100 100 100
Ches ft O gen 4%5.. 3 98% 98% 98%
Ches ft 04%593 A. 1 94% 94% 94%
Ch ft O 4%s B 1995.150 94% 94% <141%
Chi B&Q gen 4s 53.. 3 92% 92 92*
CBBft Q 111 dlv 4s. 2 92'. 92% 92%
ChlftE 111 gn 5s 51. 4 75 75 75
Chi Gt West 4s 69.. 6 65 64% 64%
CMft St P Gen *9.. 17 85 84% 85
ChlMftStPl %sC*9. 8 92% 92% 92%
Chi MllSP&Pacss76 64 92% 92 92%
CMSP&Pac adjsso3 68 72% 72 72%
Chi ft NW gen 45... 1 89 89 89
ChlftNW conv 4%s 56 99% 99% 99%
Chi ft NW ref 65... 1 105 105 * 105
Chi R I&Pgn 45... 2 88% 88% 88%
Chi Rlft Prs 45... 35 961* 96% 96%
Chi Rlft P 4%5... 60 94 P 3%% 94%
Chi Un Sta 6s 2 104% 104% 104%
C&Wlcon4s 16 87Ms 87%. 87%.
C* W I 6%s 62.... 17 104% 104% 104%
Colo ft Son 4 %s. ... 2 98% 98% 98'-.
Cuba RR 6s 4 80% . 80% 80%
Del & Hudlst rs 4s. 3 92% 92 92%
, Del ft Hud 7s 30.... 1 100% 100%. 100%
Den & Rio Gcn 4s 5 94% 94 94%
Den&RGW4%s 36 1 96% 96% 96%
DRG ft Wst 6s 55. 14 96% 96% 96%
DRG ft Wst 5s 78 1 89% 89% 89%
Des M&FtD 4s ctfs. 2 25% 25% 25%
Erie Gen 4s 6 81 80% 80%
Erie cv 6s 67 39 95% 95% 95%
Erie conv Ex 75.... 20 101 101 101
1 Fla East C6s 74. . . 9 58% 58% 58%
Fonda J&G 4%s 52. 9 30% 30 30
Gr Trunk st dh 65.. 13 104% 104% 104%
Grand Trunk 7s. .. 20 109% 109% 109%
• Gt Nor 4%s 76 D... 1 96% 96% 96%
' Gt Nor 5s 2 104 104 104
. Gt Nor 6%s 10 109% 109% 109'*
Gt Nor gen 7s « 10 110% 110% 110%
Hav El Rv 5s 52.... 3 84 84 84
Hocking Val 4%5.. 5 96% 96% 96%
Hud ft Man ref 65.. 4 94% 4%9 94%
111 Cent 4%s 66. ... 5 98% 98% 98%
111-C-C-Stl.ftNO ss. 1 103 103 103
Int Rapid Trans 6s. 13 66 65% 66
Int Rap Tr 5s stpd. 4 66 66 66
Int ft G Nor 5s 1956 3 92 92 92
Int ft O Nor adl «s. 11 89% 89% 89%
Int ft G Nor Ist 6s. 5 103% 103% 103'%
Int Rys CA 5s 4 74% 74% 74%
IntßysC A6s 41.. 7 93% 92% 92%
Int Rvs C A 6%srct 9 96% 96% 96%
lowa Cent Ist 65... 5 34% 34% 34%
Kan City Ft S 4s. .. 5 95% 95% 95%
Kansas City S 55... 4 101 100'*. 100%
Kan City Term 4s. 3 89% 88% 88%
Lake Shore 45*31.. 16 99% 99% 99%
LehlValcn4s 2 88 87% 88
LehlVeen 4% 2003. 3 99 97% 97%
Long Is rs 4s 49. ... 3 89 88% 89
Long Is deb 55... <. 4 100 100 100
Louis ft Nash unl 4» 4 94% 94% 94*4
LAN 4*4* 2003.... 7 96%. 95% 96%
Louis ft Nash 75... 2 100% 100% 100%
Man Ry Ist 4s 90.. 6 59% 59 59
Mill El RyftLt 4%s 2 99% 99% 99%
MU El Ry ft L6s 51 1 100% 100% 100%
Mil El Rv AL5s 61 1 98% 98% 98%
Minn ft StLref 45.. 1 14 14 14
MSt PftSSM cn 4s. 16 89% 89% 89%
Minn StP ft SSM 6s. 2 95 95 95
MKft T Ist 4s 1 86% 86% 86%.
M K ft T adj 5s 1 104% 104% 104%
MK&TprlnßsA. 1 101% 101', 101%
Mo Pacific gen 4a.. 15 75 74*, 74%
Mo Pac 5s A65 2 100' 99% 99%
Mo Pac 5a F 77.... 3 99% 99% 99%
Mo Pac 5s G 7*.... 63 99% 99% 99%
Mo Pac 5%s 49 cvt. 10 109% 109% 109%
Nash Chat* StL 4s. 11 90% 90% 90%
Nassau El 4s 61... 6 55% 55% 55%
Nat Ry Mex 4%5... 17% 7% 7%
NYTAMSHS 1 102% 102% 10«%
N Y Cen deb 45.... 6 98 97% 97%
NY Cent 4s 98 1 89% 89% 89%
NYCrf 1m 4%5.. 1.97% 97% 97 %
N Y Gen rs 5s 28 106 105% 106
N Y Cent deh 6s. .. 3 106% 106% 106%
NYCftStL 4s 3 95% 95% 95%
NYCft St L deb 4s 1 99% 99% 99%
NYCftStL 6%sA 15 106% 106',. 106%
NYC ft StL 5%* B 2 106% 106%. 106' .
NYCftSt L6s *32. 9 102% 102% 10 -, %
NYNITftH 4s 55 . 2 83 83 83
NYNIIftH 4s 56 . 2 83 83 83
NY N HftH 4Ms* 67 87 92 91% 90
NY NH&H cv db 6s. 7 128%. 127 128%
NYNH ft H Clt 6s. 1 105 105 105 *
N Y Ont W Ist 4s. . 1 65% 55% 55%
NY O W gen 4s 55. 1 46 46 4fi
N Y Railway 6s 10 6%, su, 51.,
N Y State Ry «%s 55 22 21% 22
NY Siis*Wn gen 6s 1 75% 75% 76%
NYW&B4HS.... 10 89 89 89
Nor ft S gen 6s 64.. 5 70% 70% 70%
Nor Pac 3s 2027.... 5 65% 65% 65%
Not Pac 4s 13 89% 88% 88%
Nor Pac 5s D 5 104 104 104
Nor Pac rs 6s 1 112% 112% 112%
Ogden ft Lake Ch 4s 5 79 79 79
Ors Wash Ist 45... 10 89 89 89
Penna con 4%5.... 1 101 101, 101
Penna gen 4 %5.... 1 98% 98% 98%
Penna 4% 563 7 98% 98% 98,/
Penn 55'64 11 103% 103 103%
Penna 8 %6. 6 108% 108% 108%
Penna Gold 7s. .. . 7 100% 100 100 |
Pere Mar Ist 4s 56. 1 91% 91% 91% |
Port El PL 6s 8 98% 98% 98%
Port RLft P6a 43. 2 98% 98% 98%
Port RLftP 7%a 46. 4 106 105% 106
GROCERY BUSINESS
IS DECLARED GOOD'
Kroger Co. President Says
Outlook Is for Improve
ment in Sales.
BY JOHN F. SINCLAIR.
Special Dispatch to The Star.
NEW YORK. February 26.—William
H. Albers of Cincinnati, the 47-year
old president of the Kroger Grocery
& Baking Co., operating 5,527 stores
which in 1929 did a business of more
than $286,000,000, sees a decided Im
provement in the last six months of
1930.
Asked about grocery trade conditions
throughout the country, he said:
“Our general sales were 2 per cent
better than a year ago for the same
number of stores. There Is still some
weakness in the commodity prices. Our
prospect for business within the next
six months is fair, with a decided Im
provement after that.”
The name Kroger is known in more
than a thousand cities throughout the
Middle West. In volume of sales in the
chain field it is now exceeded only by
the F. W. Woolworth Co. and the At
lantic & Pacific Tea Co. f
The Kroger organization years ago
began a scientific study of merchan
dising turnover. In 10 years the num
ber of articles sold in its stores has
been decreasing—from 1.500 different
articles then to 800 and 900 now. The
average Kroger store carries about
$2,000 worth of goods and figures on
turning over that volume every 10 days. '
When I asked Mr. Albers about the
problem confronting the small grocer,
he replied:
“We have nearly 20,000 men employed
in our business and nearly half of them
are stockholders. Hundreds of these
men never saved a dime before they
entered our business. Profit sharing is
here to stay. When a man becomes a
keyman with us, we give him a sub
stantial stock interest. This is why
our labor turnover is so very slight.
"No one can foretell what the final
form of merchandising distribution will
take. Perhaps there is no final form,
for the law of business progress spells
continuous change.’’
Common Stocks and Trusts.
Should common stocks be placed in
trust accounts?
Edgar L. Smith, New York investment
banker, believes that voluntary restric
tions in the management of trusts
should be established by indenture, or
otherwise, if the tendency is toward the
elimination of legal restrictions.
Mr. Smith favored the admission of
common stocks into trust investments
on the ground that a certain percentage
of them “became the best form of in
surance against the loss of purchasing
power in a period of currency or credit
inflation.” But he laid great stress
upon the fact that the account should
maintain a balanced position between
bonds and equity investments (stocks).
“History is replete with examples of
eminent trustees and administrators
who have been carried away on the
speculative illusion of their time to the
detriment of the funds for which they
were responsible,” said Mr. Smith.
H. F. Wilson, jr.. vice president of
the Bankers’ Trust Co. of New York,
believes that a small percentage of trust
fund investment In common stocks is
sometimes desirable, providing the stocks
are chosen on the basis of yield and
soundness, not on speculative possi
bilities.
Over the long pull the tendency of
the country is to get richer and under
ordinary conditions the same holds
true of corporations. So equities over
periods of years, evidenced by com
mon stocks, would seem to have a bet
ter chance for a rise, other things be
ing equal, than bonds, which remain
fixed in amount and return.
Natural Gas.
What part did a large available sup
ply of natural gas play in the determ
ining of the United States Steel Cor
poration to enlarge its Birmingham *
1 plants? No doubt, a large one. 1
, United States Steel but a few days
ago signed a contract with the South
j ern Natural G*s Corporation for the
.; delivery of gas to its subsidiaries in
. j the Birmingham region, which is
equivalent in heat value to the total
annual sales of gas in the city of Bos- t
ton
This Is the second large contract
signed by the Southern Natural Gas
Corporation for the delivery of large
quantities oT gas through their pipe
line, opened but a few months ago.
The new system comprises 900 miles,
piping gas from the Monroe and Rich
land gas fields in Northeastern Louisi
ana. Natural gas is playing a vitally
important role in the development of
the new industrial South.
The question arises: Suppose this
gas supply should fail? Provisions have
been made by some companies to take
care of unusual peak loads by storing
gas in old wells. But never before in
the history of the industry has such
demands been made upon it and they
are continually increasing.
Should an insufficient supply of gas
exist, millions of dollars of equipment
would be useless as well as spelling
ruin to these new industrial centers
built around it. Bv the end of 1930
about $2,000,000,000 will have been in
vested, with consumption averaging
about 1.7 trillion cubic feet.
At present there are thousands of
miles of natural gas pipe lines. The
tremendous growth of the natural gas
industry in recent years has been phe
nomenal—an old industry which has
come to life.
“Will any banking legislation be
passed during the present session of
Congress?” asks a California reader.
Os course, nobody can say at this
moment just what will happen in this
situation. But as legislation shapes up
now it does not seem possible that anv
legislation can be completed at this
session of Congress.
If the House committee on banking
and currency enters into the proposed
inquiry into chain and branch bank
ing it will undertake a man-sized job
that will take months to complete.
It does not seem possible that Con
gress can finish that job of thorough
banking investigation in time to pre
sent any constructive banking legisla
tion before Congress adjourns.
(Copyright, 1930. by North American News-
paper Alliance.)
Sales. High. Low, Close.
Reading gen 4%s A 4 97% 97% 97% f
Reading JC 4s 51.. 1 93% 931*, 931 M
R 1 Ark &L 4 %s 6 97% 97% 97%
StL IM&S gn 6s 31. 3 100% 100% 100%
St L IM&S RAG 4s. 1 96% 96% 96%
StL ft SFpi 4s A.. 23 89% 89% 89%
StL ft SF4 %s 78 . . 60 <JU% 90 90%
St L & San Fr In 6s 10 101% 101% 101%
St L&S F gen 6s 31. 2 100% 100% 100%
StP & KCShL 4 %5. 4 95% 94% 94%
San Aft Arn P 4s. . 1 91% 9114, 9 j...
Seab AL ref 45.... 8 60 69 59
Seab AL con 65. ... 44 74% 73% 73^4
S B All Fla 6s '35 A. 15 67 66% 66%
SB All Fla 6s 3a B. 3 66% 66% 66%
Sou Pac ref 4s 10 91% 91% 91%
Sou Pac 4%569 ww 78 98% 97% 98%
Sou Ry gen 4s 7 89% 89% 89» 4
Sou Ry con &s 2 108 108 108
Sou Rv «s 58 2 116% 116% 116%
Sou Ry 6% s 5 122** 122% 122%
Term Asso St L ss. 2 102% 102% 102%
Tex ArK KS 6%s 60 17 105% 105% 106%
Tex ft Pac 6s B 1977 4 100% 100% 100%
Tex ft Pac 6s C 79.. '8 100% 100% 100%
Third Ave a (It 6s .. 10 31 30% 30%
Tol St LftVY 4s 50. 5 91% 91% 91%
Union Pao Ist 45... 4 93% 93% 93%
Union Pac 4 %5.... 1 97 97 97
Wbash 4%s 78 rets 48 91% 91% 9)%
Wabasli Ist ss. .. . 1 101% 101% 101%
Wabash 2nd 5s 3 100% 100% 100%
Wbash 6s 7« B ... 27 99% 99% 99%
| Wabash 5%s 75... 5 104% 104% 104%
I West Mary land 48 28 81 80% 80%
West Md 6%s 77... 9 96% 96% 96%
West Pactflc 65.... 4 98% 98 98%
Wheel&LE rs 4%5.. 2 91% 91%

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