Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-21

| present SVOCk MdEkct ItdNlJuottilCllb
which have been its chief character
| stocks has been better than the selling,
| the credit situation has been improving,
and the business factor is stimulating.
Likelihood of o broad advance or de-
| cline, however, seems no greater now
| than q few weeks ago. It Is time for
| careful analysis Of all commitments and
| for the attempt to forecast profit trends
| for the third and fourth quarters, rather
| than the first and second, of representa-
| tive issues, to determine the advisability
of buying upon weak spots and selling
upon advances, for the business factor
transcends money considerations"
Radio Reaches Automobile Stage.
with more than one radio receiving
set to every three families in the United
States and with total sales In 1928 ex-
ceeding $3.50, 900, 900, no saturation point
is yet visible in the radio industry, the
Union Trust Co. of Cleveland reports.
Moreover, last years export record of
$12 100000 virtually leaves the world
market untouched, the bank says in the
current issue of its magazine, Trade
Winds.
A significant movement in the in
dustry, according to the bank, is shown
by the simultaneous increase in annual
sales of receiving sets from $4,000, 600
in 1922 to $500, 100000 in 1928 and de-
crease In sales of parts from $40 000, 900
the statement that the passing of the
novelty stage Of the radio and the down.
ward trend Of retail prices of manu-
featured sets since 1924 has discouraged
the assembling Of sets by their owners
from parts.
I'm general, the radio has reached the
same stage as the automobile. The
general engineering principles are pretty
well stabilized and the immediate de-
velopment should follow the line of
further refinement of the present pro-
duct rather than the introduction of
revolutionary innovation.
"Television. radio engineers declare,
Is still in the experimental stage and 1t
may be some years before it becomes a
commercial possibility"
Washington Market Quiet.
Saturday trading on the Washington
Stock Exchange witnessed Mergenthaler
Linotype selling at 108 and 1O7Ia, the
issue being active and strong through
out the week.
Two oddlot sales in Columbia Sand
& Gravel preferred were recorded at
81, Potomac Electric 512 per cent pre-
ferred came out at 1071a, Peoples Drug
Stores preferred moved at 114h and
Merchants Transfer q Storage prefer
red at 10.
Twenty shares of Chevy Chase Dairy
preferred sold at lot, and the closing
stock sale was in Norfolk & Washington
Steamboat Co. shares at 305.
Only two bond sales were noted dur
ing the session, $1,000 Washington Gas
IS, Series A. selling at 1924, and $4,000
Potomac Electric Power Consolidated
IS at 101A.
General prosperity throughout the
country is evidenced by the record
amount of life insurance sold during
March. The March sales Of new
ordinary life insurance represent 6
per cent increase over March 1928 sales
and 2 per cent gain over December
1923, formerly the highest month on
record. This gain was shared by SIS
per cent of the reporting companies.
OF the nine sections in the United
States, all but three shared in the gain,
the lcssers being slight in the North
West Central South Atlantic and West
South Central States.
The South Atlantic section shows a
decrease of per cent over sales IN
March, 1928. A per cent increase is
reported for the first three months OF
1929 as compared to the same period
in 1928. Maryland and District of
Columbia show substantial quarterly
gains, however Sales in the 12-month
period Just ended show q slight loss
over those Of the preceding IL months.
Financial District Notes.
One of the most interesting financial
notes of the week was the election Of
Henry N. Brawner, jr., to the director
ate of the National Dairy Products
Corporation. Mr.. Brawner has been
active in Washington business affairs
for some 80 years and is president of
the Chestnut Farms Dairy, which has
now become one Of the units of the
National Dairy Products Co. He will
continue as head of the local firm.
Daylight-saving time starts in all the
Washington broker Offices one week
from tomorrow, April 20. the date on
which the New York Stock Exchange
goes on Summer time. The market
will open at 9 am, an hour earlier
than at present.
With one of the most noted bank
women In America as guest speaker,
the first of the regular monthly din
ner meetings of the Washington Bank
Women'S Club under the adnlinistra-
ton Of President Mary Jane Winfree,
will take place at the Women's City
Club Thursday evening. According to
Chairman Marion Sebastian of the
committee in charge, there will be
about 100 present.