Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-21
MANY STOCKS FAIL
TO MOVE UPWARD
Market Experts Predict Their
/ Yields viii Result in Sub
stantial Gains.
BY EDWARD C. STONE.

marks for the year and for all time.
other high -class stocks have not shared
in the advance. in fact. are well under
their high points for 1929. Some are
even selling for less than half Of their
1929 high prices.
The New York Stock Exchange firm
Of Prince & Whitley has prepared an
analysis along this line. the results
given out yesterday showing that indus
trial stock averages have advanced more
than so points and rails more than 30
points. yet there are approximately ESQ
stocks which are now selling 20 to so
per cent lower than earlier in the year.
While the firm. of course. does not
name any particular stocks. yet It eX-
presses the opinion that many OF these
issues will sooner or later have sub
stantial market recovery and In some
instances may score new highs before
the year Is over.
High Priced Stocks Higher.
I'm general" the analysis says. lit
might be said that practically all of
the stocks which had formerly been
selling at above 500 per share and
particularly those which had been
from $50 to $50 have had the most
extensive advances recently. Among
the issues which have failed to rally
much are large numbers Of shares which
were formerly in the price ranges from
40 to 70 and which are now selling at
prices from 20 to so.
Among the former market leaders.
stocks which had been in the fore
front Of most of the bull movements of
recent years. but which have failed to
rally much in the past few weeks, are
the following: American Smelling q
Refining. ChrySler. Goodyear. Tire &
Rubber, International Nickel, Packard
Motor, Anaconda Copper. General
Motors. International Combustion. Ken
neoott Copper and Reynolds Tobacco
b It seems inconceivable to us that
this list of stocks will continue on the
side lines for an indefinite period.
There are some stocks which have
sold off because of grave doubts AS to
the continuation of the present
dividend rate. There are plenty OF
other issues, however. which seem to
be safe enough on present dlVldeno
rates, which are selling at prices FAR
below the high of the year and have
not Joined In the recent recovery to
any material extent. We have compiled
a list of such stocks grouping them &C
cording to their yield on present
dividend rates.
Yields Of Prominent Issues.
"stocks selling to yield under 4 per
cent. National Enameling, RosSia In
surance, Vanadium Corporation ana
Stocks selling to yield between per
cent and per cent: American steer
Fo,Indries, Anchor Cap, Barnsdall;
Ceiotex. General Cable A, General
Mills. Goodrich, Gotham SIX Hosiery
Greene Cananea Copper. Hartman
Cooperation B, international Cemen.,
Kelsey Hayes Wheel. Marmon Motor
Car. Nav department Stores. Mohawk
CAREER, National Surety. Pet MIX
Phelps Dodge, Pillsbury Flour, Rich
acid OH St. Joseph Lead. Savage
Arms Standard Commercial Tobacco,
Telautograph Corporation ana WILCOX
Rich A. - = nav
cent and 6la per cent: Amersoa
Corporation, Andes Copper bIocHWaS
Motor Truck. Brooklyn Mannattafn n
transit. Cerro De Pasco. Devoe O.
Ravnolds A, Great Northern Ore. Gull
states Steel, Hudson & Manhattan
hallway. Rroger Grocery, Mack TRUCKS,
Nevada Consolidated Copper, Norfolk
a. Southern, Tennessee Copper a.
Chemical United Cigar Stores. unlteG
states Smelling, Warner 0uinlan anu
Weson OIL g. Snowdrift; e,L
stocks selling to yield more IMAM on2
per cent: Calumet & Hecla. cannon
Mills. Consolidated Cigar, Coty,. IN
conorsted, Cudahy Packing. Endicott
johnson. Freeport Texas, General Out-
door Advertising A. CRANKY Consol-
dated Copper. Great western sugar,
HAYES Body. Howe Sound. Hupp Motor
Car. Inspiration Copper. Magma Cop
per. Miami Copper. Nash Motor; park
Utah Consolidated Copper, Patlno
Mines, Philip Morris. REQ Motor, NO
Grande OH, Seagrave Corporation
SincIsir Consolidated, Studebaker,
Sweets Co. of America. Tobacco Pro
ducts, Truax Traer Coal United Fruit;
Tinted states Hoffman Machinery ana
United States Leather A.
Washington Securities Reviewed.
" r. Booker e. Co.. local investment
bankers, Yesterday brought out the
fourth edition OF Facts and Figures on
Washington Securities" which pre-
sents the most important facts regard
inc the securities listed on the wash
inrton Stock Exchange and lncluoeo
several we'll known issues which are not
listed. The booklet is the only puoll-
cation of the kind in the city, mas neet
expanded since last year and Will De Oh
great value to bankers and brokers.
information is published regarding
outstanding stocks and bonds OF the
various corporations, who their omcerS
are as we'll as other facts OF special
interest to all investors in their Sc,
curities. Particular attention is devoted
to the public utilities, their earnings
being given back as far as 1928. Inc
large number of miscellaneous COM
nar1ies listed on the local exchange,
the different finance firms, fire insur-
ance and title insurance firms are tully
covered with facts and figures.
Bonds put out by the various local
clubs ere included between the covers
1T the book. Among these are the Army
and Navy Club. Chevy Chase. City, Co
l1nnbia Country, Commercial Congress
sional Country. Cosmos, Metropolitan
Racquet and University Clubs.
The banks have not been neglected.
sented, These show the par value OF
fine stock. dividends. payment dates,
capital, surplus. undivided prof1ts. de-
posits. resources, price fluctuations and
book values.
The merger status between the trac-
tion lines is also reviewed, showing
that merger is still long way on.
Bankers at 40 Get S6.50o.
Edward s. Jones Of the personnel de-
partnent of the University OF Buffalo
made a study of the average earning
newer Of 713 graduates Of 70 colleges
and universities of the United States
and Canada. He found that the aver
ace annual income OF the successful
man of 40 was as follows for the pro-
LESSONS and lines of business indicated:
Medicine. $4,000: law, $4,000: chemistry,
SIS. 800 dentistry $4,000; civil engineer
ing, $500; electrical engineering,
AZ. 500: mechanical engineering, $500;
research science, $500; ministry,
"a. 500: teaching, $4,000; advertising,
$3.50: insurance. $4,000: banking,
&6. 500: sales management. $500: gen.
eral business executives, $4,000; invest
r1ent banking. $500.
The local office reports that the COM