Evening Star Newspaper, April 13, 1924, Page 36

FINANCIAL. FINANCIAL, 56 SELLING HITS RALLY b BOND SUMMARY FOR THE WEEK |INVESTMENT ISSUES IN MARKET ISSUES| | e IN LEADING POSITION 9870 96-12 = Bond Dealers and Traders Unite in i Forecast of Favorakle Re- ports. High. Low. Last. Yield. 995 99 995 3i6 99-22 99-19 99-19 402 99-29 99-22 99-25 426 99-26 99-21 99-25 427 100-7 100-1 100-5 420 Hne 99-29 99-22 99-31 99-28 100-11 99-30 100-31 Low. v. 8, BONDS. 98-22 Liberty 3%s 1932-47.... 985 Liberty 2d 4s 1927-42... £8-8 Liberty Ist 44s 1932-47. 98-4 }Aheny 24 4%s ::;" 42. 99-8 Liberty 3d 4%s g 98-8 Liberty 4th 4%s 1933-33. 99-30 99-24 99-30 426 99-8 Treasury 4%s 1947-52.. 100-31 100~17 100-28 421 Prev. week's Close. High. . 101% 101% . 89% 90 100% 101 ——1923— ,—19%4— Div. High. Low. High. Low. Rate, 821 73% 6 Adams Express. 41% 80% 3 Advance Rumley pf. 8l 67% 4 Alr Reduction 10% . 6 —— Ajax Rubber. 74% 65 4 Aliied Chemical & Dye. 114% 110 7 Allied Chemical & Dye pf. b0% 41% 4 Allis-Chalmers Mfg. .. ~—1983— —1924— Div. Chge. | High. Low. High. Low. Rats. 2 81% 1% 1714 11 0 — 2 Tih 54 72% 39% 3% 1% |——— 54 60 1 —— B3% 48% — 1% 584 6% bEL 5 | 21% 14 18 15% 2 36% 62% 5O 'ng-lugbpnu.lnl. Wet. Low. Cles.”_Chga. Lee Rubber & Tire. | 11 Lehigh Valley. ... S5 130% do% Liggett & Myers (new) .... B2 51% b51% Liggett & Myers (B) new. bGl% G0% G60% Lima Locomotive . 61 584 59 TLoew’s, Incorporated . 16% 16% Loose-Wiles Biscuit 58 Early Upward Trend Checked by Later Outbreak in Motors and Accessories. 97-25 98-1 Low. 101% 89 1003 Last. 1015 89% 101 - FOREIGN. 190% Argentine 7s 1927 58% 8% Austria § f 7s, 1943. BEARS IN VIGOROUS ATTACK) Studebaker Serves as Principnlt Target of Assault. Associnted Press. NEW YORK, April 12, rted upward at th opening of iay's market on a resumption of, Friday's short covering operations, hut 1y was checked by a fres outbreak selling in the mmnrn' and motor SLOris which carried most of thos rew low rec- for ehaker issues to the year. U targ imel ywest e princi ing the a rumors | ent | Doints to 84 i uncontirme United that for than 2,600 w, it was ritil Miered | Uing pr ak in Sencea Copper. DECREASED DEMAND IN STEEL MAINTAINS, Qenort for Week, However, S\ows Eacier Tone—Bullish Attitnde Teward Copper. tailvoads placed | very in- ted lower up ction with | believed 1o b 00 on April 1. Owing to de- London and a light demand prices were shaded toward the | 1'0f the week vas considerah reed li aits for An and and © heen about lower in re- wtion in Lon- 1 delivery were with a renewal | the de- the ory slow. th tradc lling pressurc SHARP RISE NOTED IN COTTON PRKCES~ Market Brisk at Opemng But | Later There Were Reactions to Lower Levels. R the Associated Press, W YORK, April 12—There was & very sharp advance in the cotton | market at the opening today on .ll wal of covering by near-month | but offerings incre: after 114, al market closing «(ead\ .n; 1ot advance of 2 to 19 points. opening was firs vance of poin Liverpool cables, reports of rains in stern and central sections isth of foreign ex >ris . that > the showed considerable | strengt and | fetivity, and some fresh buying of | new crops wus reported on_the un-i Tavorable weather news. July s up to 30.29 and October to 25 ing net advances of 38 to but the more urgent dem appeared to have been supplicd, and | there were reactions later when real- ! izing was promoted by reports of | weakness ck market. July | eased off to 29.62 and October to 25.60, With the market closing a few points up from the lowest on covering. Ac-! cording o estimates heard here on| the varly advance, the stock of un-! sold cotton in the warehouses here | 1 reduced to about 40,000 bales, FLOUR STATIONABY POLIS, Minn., April 12. unchanged; shipments, 39,253 Bran, 00. Wheat, No 1 1.10%a1.15%; May, 1.10%: July, 1. September, 1.11 Corn, No. 3 yello: Oals \1‘0 ‘! wh"b. etat 2.39 MIN Tlour, barrels. northern, 1114 3319 13 a8 2. l'M 10J b1t 22% 4l 2% 2% 33 15% 80 36 3434 185 4b% 43% 22% 14 274 98ie 11% a7 16% 83 58% Toly 19% 58% 88% 3% 108 45 17 714 —— Am Agricuiture Chemical. 18% —— Am Agriculture Chemical pf 5 American Bank Note 4 American Beet Sugar. —— American Bosch Magneto. 5 American Can. .. 7 American CAnDf.....ouvt 12 American Car & Foundry. 7 American Car & Fdy pf 2 Am Chain Class A. & American Express. 7 Am & Foreign v'o'e:-z —— American Hide & Lea —— Am Hide & Leather pf. 7 American fce....... i —— American International. . .. 1 AmLa France Firc Engine —— American Linseed 5 —— American Linseed pf. 6 Am Locomotive (new). 3 American Metal. . 4 American Radiator. —— Am Ship & Commerce 5 American Smeiting & Ref. 7 Am Smelt & Refining pf. 12 American Snuff. 4 American Stee, Foundry. “— American Sugar Refining. 7 Am Sugar Refining pf. -— Am Sumatra Tobacco Am Teiephone & Teleg. 12 American Tobacco. . .. 12 American Tobacco B. ——— Am Water Works & Elec Am Water W & Eiparpf Am Water W. Elec 1st pf. American Woolen. . ‘American Woolen pf. —— American Z Anaconda ¢ —— Arnold Constable & Co. Asso Dry Goods. . ociated Dry ociated Oil (new) . peka & S Fe £ & West Ind. itter Hoslery 7 Baldwin Locomotive 5 Paitimore & Ohio. . 1 & Ohio pf. Brookiyn Union Gas 10 Burns Brothers. 2 Burns Brothers Class B Butte & Superior. — Butterick Company 6 California Packing. .. 1% California Petroleum (new. 7 lifornia Petroleum pf. lluhan Zine & Lead Calumet & Arizona. . nadian Pacific Chandler Motor. .. .. peake & Ohio. . 20 & Alton. — ¢ hn..lg,o& Alton pf..... ~— Chi& Eastern 1liinais pf .. Chicago & Great Western. —— Chicago & Great Western pf. . Milwaukee & St Paul. . ¥ pf . ool. . o & Northwest » Prcumatic &o It | & Pacific 1% o Yellow Cab Coca-Cola rado — Colorado 260 Co.umbia ¢ lumnbia ¢ Commercial Solvents, A- Solvents, B.. lidated Gas new. lidzted Textile. nental Can. n l‘mdunm 4m“) —_— 1 ysden Company . . e Steel. . 8 Cuban-American ngar. 7 Cuban-American Sugar pt Cuba Can Sugar. . — Cuba Cane Sugar pf ——— Cuba-Dominican 4 Cuyamel Fruit. % Daniel Boone Mills. 5 —— Davison Chemical. 9 Delaware & Hudson. 6 Delaware, Lackia & West. 8 Detroit Edison 2 Dome Mines 8 Du Pont de Nemours. 6 Du Pont de Nem 6% deb. 7 Duquesne Light 18t pf. 5% Eastman Kodak. ... .. 4 Blectric Storage Battery 5~ Emerson-Brantinghan pf. Railroad 18t p 4 —— Erie Railroad 2d pf 8 Famous Players-Lasky 7 Federal Mining & Shelt o 6dc Fifth Avenue Bus 10 Fisher Body. —— Fisk Rubber. .. 3 Fieishmann Company - § Foundation Company —— Freeport-Texas. . . 3 General American Tank. . General Asphalt 5 (General Asphalt pf. 8 General Cigar. 8 General Electric. 60c General E: ic special . 120 General Motors. 2 6 General Motors 6% deb 7 General Motors 7% deb { —— Gimbell Brothers. —— Gold Dust oldwyn i 19 —— Goodrich (B F) Company. 70% 7 Goodrich (BF) Copt.... 89 —— Goodyear Tire & Rubber pf 12% —— Granby Consolidated 4% —— Gray & Davis 53% b Great Northern pf. 5 27% 3 Great Northern Ore ctfs. 91 8 Great Western Sugar. . 138 Greene Cananea Copper . 6% —— Guantanamo Sugar. 13 —— Gulf, Mobile & Northern. 66 5 Gulf States Steel... 34% 4 Hartman Corporation. 35% 3 Hayes Wheel. 49% {7 Homestake Mining. 31% 3 Household Products. 66 -— Houston Oil. ... 23 3 Hudson Motor Car. 18% 1 Hupmobile Motor Car. 100% 7 Illinois Central. . 6 Illinois Central pf 25¢ Independent Oil & Gas. —— Indian Motorcycle. 8 Ingersoll-Rand. 2% Iniand Steel. . . —— Inspiration Copper. % —— Interboro Rapid Transit. 8 Internat'l Bus Machines 4 International Cement. ... 2 Internat'l Comb Engin 5 International Har, new. —— Inter Mercantile Marine. .. —— Int Mercantile Marine pf.. —— International Nickel. . ... 6 International Nickel pf. International Paper. . Inter Paper pf stamped. Invincible Oil Iron Products. Jewel Tea pf. Jones Bros Tea. Jordan Motors Kansas City Southern. ... .. Kansas City Southern pf.. Kayser (Julius) & Co. 13% Keily Springfieid Tires. . . 44 8 Kelly Spring Tire 8% pt 341 8 Kennecott Copper...... 2414 17% 51% 21% 39 24 97% 11 164% 4 119% 28 116% 121 15% 120 49 19 1 17 11124 564 53 59 58% 16% 15% 14y 12 45 51 m 16% 601 5% 107 891 934 9 bale 88 19% 10% 15% 34 2% 4l 99% 12 5915 991 134 $5% 45% 92 125 1260 140 136% 51 2% 0% 68 100% R RN N NN RN AR AT RN (REE SN S 0 O R S i (W SRS N SRS AR SN it +0 i+ 0++1+b0 000000000 1% an 3 2% 1 364 16% 52% 117 15 20% 63% 119% 120 67% 10% 19 30% 60% 14 42% 87 1% 83 290 403 80% 40 8435 15 6434 581 27% 21 18 851 b5% 14 6% 17 12 T% 23% 38% 8 12 53 101% % 524 6 10 20 l; . 19 63 b 42% 199 19% 37% 59 115 19% 63% 13 -96% 65 10 20% 29% 59% 5 28 2% 14% 88 345 5% 1% b 34% 87% 21 15% 64 a0 ] F 1333 & 85% Lorillard, P Louisville & Laudlum Steel Mclntyre Porcupine Mines. . Mackay Cos pf. . Mack Trucks. Macy (R H) & Magma Copper. . Mallinson & Co. Manhattan Elee Suppl Manhattan Eievated gtd. Mauhattan Shirt. Maracaibo Oil. Market Street Railway. Market St Railway pr pf —— Mariand Oil & Refining. Martin-Rockwell Martin-Parry Mathieson Alkali. .. Maxwell Motor, Class A Maxwell Motor, Class B. May Department Stores. . Mexican Seaboard. . Mexican Seaboard ctfs Miami Copper. Middle States Ofl Minneapolis StP Mo Kan & Texas new. ~ Mo Kan & Texas pf new. Missour1 Pacific. Missouri P’acifis pf Montana Power. - Montgomery Ward - Ontario Moon Motor: ew Orleuns, Tex & Mex. New York Ail Brake. N Y Air Brake Class A. New York Central. . . New York, Chi & St Louis. . Chi & St L pf. ew York Dock ew York Dock pf. ew York, N H & Hart. orthfolk & Western. North American cifie. . Silver Mining. % Orpheum Circuit. Pacific Gas & Electric. . Pacific Mail. s Pacific O Packard Motor Car. . Pan-American Pet Trans. .. >an-Am P Trans Class B. ., ish & Bingham. o Park & Tilford. Venn; Railroad. rrow pf. rrow, r\rinr ot ittsburgh I'tilities pf Pittsburgh & W Virginia. - Remingt Pittsburgh & W Va pf. Postum Cereal. . Pressed Steel Car Producers & Refin Public Service new Pullman Co. . Punta Alegre Suga: Pure Oil. ... Railway Steel Spring: Ray Consolidated Copper. .. Reading. .. Reading 15t pf Reading 2d pf. Typewriter. - Replogle Steel. SuSaamnan i anaman 3 85% T84 5 70% 5 Republican ron & Steel. Reynolds Spring. . Reynolds Tgbaceo, B. 3 Royal Dutlh ctfs (N Y)... Rutland pf. St Joseph L. Louis Southwestern st Louis Southwestern pf. Savage Arms. huite Stores. Seaboard Air Line. Seaboard Air Line Sears-Roebuck. Seneca Copper. hattuck Arizona. hell Union Oil hell Union Oil pf. immons Company mms Petroleum Sinclair Con Oil. Sketly Oil Sloss-Sheflield St & Tron. South Porto Rico Sugar. South Pwrto Rico Sugar pt 110 Southern Pacific. Southern Railway. . Southern Railway pf Spicer Manufacturing. Standard Milling Standard Milling pf. Standard Oil of California. . Standard Oilof N J. Standard Oil of N J pf. Sterling Products. ...... Stewart Warner Speed. Stromberg Carburetor Studebaker.. tudebaker n Submarine Boat. . Superior Oil Tennessee Copper & Qfifll Texas Company. . . Texas Gulf Sulphur. Texas & Pacific Texas & Pacifi Third Avenue Tide Water Oil. Timken Roller Bear. Tobaceo Products. . Tobacco Products Class A. Transcontinental Oil. ... .. Underwood Typewriter. Union Pacific Union Pacific United Drug. United Fruit. United Railway Invest pt. S Cast Iron Pipe & Fdy.. Distributing Corp' Industrial Alcohol. .. U S Realty & Improvm't pf United States Rubber. U S Rubber 18t pf. U S Smelting & Re U'S Smelting & Ref pf United States Steel. United States Steel pf. Utah Copper....... Utah Seurities Vanadium Corporation. Virginia-Carolina Chem Va-Car Chemical pf. V Vivadou Inc Wabash. Wabash pf A. Weber & Heibroner. . . West Penn Co (The).. Western Electric pf. Western Maryland Western Pacific. Western Pacific pf. Western Union Teleg. ... . Westinghouse Air Brake. Westinghouse Elec & Mfg. ‘Wheeiing & Lake Erie Wheeling & Lake Erie White Eagie Oil. White Motors. Wickwire Steel Wiison & Co. ... Wilson & Co pf... . Willys-Overland. . Willys-Overland pf. Woolworth (F W) Woolworth (new) w. Worthington Pump. Wrigley (Wm). Yellow Cab. . Youngstown Sheet & T. 63% 24% L 110 10 65% 35% 34 41 9% 47% 16% 64% 55, 3Th 24% 223 46% 38% 60% 501 L 102 10% 21% 8% 4 6 18% M 22% 13% 22% 265 59% 91 9k 56% 73 12% 49 20 624 38% . 118 €0 79 66 93% 3T 8% 5% H 86% 91 21 1634 6414 T4 60% 32 19% 27% K 48 I 35% 9% 21% 16% 64%% 78 60% 384 19% 37 % 48 12 35 33 40 11 18% 4% +->I“’l||+i‘l||l||l‘1 x#Fe2¥ w52 (RS A AR » serxPa®F 0 HEFF |‘VP|| 2FFEe 3 ) & (R B T Fr ) EFEFFFEEFES F el mo—tblllltv\l)hfl-u»- P ¥ F5ef safCenvsdarrsss L T I I B N O | T+ i+ bi++11000 +1 40 [} [IEIRRN 133 2ER {1 81 N ) CEFerrsFraBeed©F sEfraes o T R R o 2 Rada FREIEEY — 2% Dividend rates as tivaa in the above table are the annual cish payments based on the latest quarterl; noted. extra or special dlle or half yearly declarations. lens are not included. t Partly extra Unless otherwise ’ | 1 96% Belgium 7%s 1945.. 96% Belgium 6s 1925... 97 Belgium 8s 1941. 71% Bordeaux 6s 1934. 92% Brazil 5s 1941. 4 100% Canada 5%3s 1929. 9914 Canada 5s 1 2 102 Chile 85 1946. 102% Chile 8s 1926. 102 Chile 8s 1941. 41 Chinesé Govt Ry 87% Copenhagen s 1944 93% Czechoslovakia 8s 1951 107 Denmark 8s 1945. 938% Denmark €s 1942. 5 93. Dutch East Indies 6s 1947. 92% Dutch East Indies 63 1962 84 Framerican Ind Dev 7%s 19: 92% French Govt 85 1945. 89% French Govt 7%s 1941 18 Japanese 45 1931. 92% Japanese 6%s, 1954. 5 73% Jergens Utd Margarine 6s 1947, 72%4 Lyons 6s 1934. 7214 Marseilles 69 1334.. 43 Mexico Gs 1954. 91 Netherlands 6s 1972. 109% Norway 8s 1940. 66 Paris-Lyons-Med 104% Queensland 7s 1941 9901, Queensland 65 1947 87% Rio de Janeiro 8s 1946 98 Sao Paulo, State of, 85 1935 79 Seine, Dept of, s 102 Sweden 63 1939. 111% Swiss Confed s £ fis 1940 106% United Kingdom 5%s 1829 98% United Kingdom 53s 137 99% 101% 8% 94% | 101% 9914 . 103% . 108% 104 41% 891 961 107% 95% 93% 93% 89% O8% 94% 20% 92% % 79 8% 50 91 110% 1% 106% 100 93 99% B3% 103 L usw L 107% . 100% INDUSTRIAL AND MISCELLANEOUS. 82 Amer Agri Chemical 7T%s 1941. 92 Amer Smelt & Ref st Gs 1947.. 2% 100 Amer Sugar Refining 6s 1937.. 97% Amer Tel & Tel cl tr 58 1946.. 92% Amer Tel & Tel cl tr és 1929.. 95% Anaconda Copper 6s, 1953 96% Anaconda Copper cv deb 75, '3 83% Armour & Co 4%s 1938 4 96% Atlantic Refining deb 58 97% Bell Tel (Pa) ref bs 1348. §9 Bethlehem Steel p m b5s 1936. 97 Bethlehem Steel s f 63 1943 107% Brooklyn Edison 7s D 1840 92% Central Leather 5s 1925 125% Cerro de Pasco fs 1931. 99 Chile Copper 63 1332.. 87 Cons Coal (Md) 1st ref 87T% Cuba Cane Sug cv deb 85 1930. 104 Detroit Edison ref 6s 1940 106% Du Pont de Nem 7%s 1931. 90% Empire Fuel & Gas 73%s 1937. 100 General Electric deb 8 1952. 94% Goodrich (B F) 6%s 184 100% Goodyear Tire 85 1331 1143% Goodyear Tire 85 1941 96% Humble Oil & Ref 5%s 79% Inter Mer Marine 65 1941. 94% Kelly-Springfield &5 1931 88 Lackawanna Steel 55 1950 95% Liggett & Myers 5s 1351 98% Manati Sugar & f Tie 18 %5% Midvale Steel 5s 1936. 974 New England Tel 55 1952 109% New York Edison lst 6%s 1941 98% N Y Gas E L H & P 55'1945... 4 104 New York Tel 6s 1941.... 93% New York Tel 4%s 1939. 91% North American Edison 68 90% Pacific Gas & Elec bs 1942, 90% Pacific Tel & Tel 5s 1952. 99% Philadeiphia Co ref 65 1944 77 Public Service 55 1959 clair Oil 7s 1937. Sinclair Crude Ofl § 100% South Porto Rico Sugar 7s 95% Union Bag & Paper ¢s D 111% United Drug cv s 1841. 81% U S Rubber 1st & ref as 194 101 U S Rubber Tis 1930. s 102% U S Steel 5 £ 55 1983. 87% Utah Power & Light 55 1944. 6014 Va-Carolina Chem s £ 7s 1947.. 31% Va-Carolina Chem 7%s '37 war. 107% Western Union Tel §%4s 1936... 89 Wilson & Co lst 6s 1341.. 79 Wilson & Co cv T3s 1931. RAILROAD. 85% Atchison gen 45 1995.. - 6% Atlantic Coast Line 1st 4s 1952 96% Balto & Ohio pr In 3%s 1825., 811 Balto & Ohio £old 48 1943..... 100% Balto & Ohio 65 1929 821 Balto & Ohio cv 4% “ 83 Balto & Ohio ref 5s 1995. 79 B&OPRISLE & W Va 45 1341 96% B & O Southwn div 3%s 1925. 714 Brooklyn-Manhat 5 £ 63 A, 196 111 Canadian Northern 6%s 1946... 78% Canadian Pacific deb 4s.. 9934 Carolina Clinch & Ohlo 58 1934, 85 Central Pacific 4s 1943. 88% Chesapeake & Ohio cv &5 8§81, Chesapeake & Ohio cv 43%s 1936 84% Chesapeake & Obio gT 410 1992 56 Chicago & Alton 3s 1849 32 Chicago & Alton 3%s 1950. 36% Chi B & Quincy lst ref 5s 1871, 76 Chi & Hastern Ill gen 5s 1951. 50 Chi Great Western 4s 1959 49% Chi M & St Paul ref 4is 2| 544 Chi M & St Paul cv 53 2014 541 Chi M & St Paul cv 414s 18 77% Chi M & St Paul gen 4%s 1983, 105% Chi & Northwestern.§%s 1936. 74 Chicago Railways 5s 1927..... 73% Chi R 1 & Pabific ref 4s 193¢ §9% Chi Union Station 4%s 1964 7115 Chi & Western Ind con 4s 1952, 100% C C C & St L ref 6s A 1928 102% Cleveland Term 5%s 1973 801 Colorado & Southern 4%s 81% Cuba R R 5s 1952. 971 Delaware & Hudson 5%s 1937, . 66% Den & Rio Grande con 4s 1936. 3431 Den & Rio Grande 1st ref 55 1955 843% Detroit United 4%s 1932, % 61% Erie 1st con 4s 1996, 53% Erie gen lien 43 1996. 54% Erie cv 45 A 1953. 59% Erie cv 4s D 1853. 102% Grand Trunk s f deb 6 193¢ 110% Grand Trunk 7s 1940 106% Great Northern gen 7s 1936... 96% Great Northern gen 5%s 1952, 20% Hudson & Manhattan ref 6s 1957 53% Hudson & Manhattan ad) 5s 1957 100% Illinois Central G%s 1934 58% Inter Rapid Transit bs 19 83% Inter Rapid Transit cv.7s 1932 Inter & Great Nor adj 6s 1952.. Kan C Ft Scott & M 4s 1936.., Kansas City Southern 3s 1950.. Kansas City Southern 58 1350.. Lake Shore 45 1928.. Lake Shore 4s 1331. Lehigh Valley 6s 1928 Louis & Nash unified 45 1940.. Louis & Nash 1st ref 53%s 2003, Mil Elec Ry & Lt 1t ref 53 '51 MStP &S S M 6%s 1931 Mo Kan & Tex 1st 45 1990. Mo Kan & Tex pr In 55 A 1962, Mo Kan & Tex adj b8 1967. % Missour! Pacific 65 1943..... Missouri Pacific gen 4s 1375 N O Tex & Mex inc 58 1935 New York Central deb 65 1 New York Cent deb 45 1934 New York Cent ref imp 5: NYNH & H cv deb 6s 1948... N Y West & Bostodl 4%s 1346. . Norfolk & Western con 45 1996. Norfolk & Western cv 68 1929.. Northern Pacific 35 1947. Northern Pacific 4s 1937 Northern Pacific ref imp 6s 2047 Ore Short Line gtd 58 1946. Ore Short Line ref 4s 1929, Ore-Wash 1st ref 4s 1961 Pennsylvania gen 5s 1968 Pennsylvania gen 4%s 1965 Pennsylvania 6%s 1936. Peoria & Eastern inc 4s 1390.. Pere Marquette 1st 5s 195 Reading gen 4s 1997, Rio Grande Western R IArk & L 4%s 1934 st t St st M&SR&G4s San Fran pr In 48 A 1950 San Fran pr In Gs 1950. San Fran inc 6s 1960... San Fran 5%s B 1942, .. SET. & San Fran ad) os 1956, Seaboard Air Line ref 4s 1959. . Seaboard Air Line adj 55 1949. Seaboard Air Line con 6s 1945. Southern Pacific cv 4s 1929..... Southern Pacific ret 4 1955... Southern Pacific col 4s 1945... Southern Ry Ist 55 1994 Southern Ry gen 45 1356. 101% Southern Ry dev 63%s 1956 "413% Third Ave adj &8 1960.. 88% Union Pacific 1st 4s 1947 95% Union Pacific cv 45 1327 92 Virginian Ry st 58 196 96% Wabash 1st 55 1939 58 Western Maryland 4s 1952 Western Pacific 65 1946. ‘West Shore 1st 4s 2361... LI L& L & L& it L & 81% 95% 69% a4 92% 100% 984 93% 99% 102 80% 95 102 993 104% 104 104% 41% 89% 96% 108% 95% 94% 943 90 9914 95% 80% 92% T4% 80% 80 491 92 987 101% 99 102 80% 94 101% 99% 103% 103% 108% 4% 89 96% s 107% 95 94% 93% 90 99% 95% 80 92% 4 80% 804 491 91% 6 111 8% 106% 100% 93% 99 B6% 102% 112% 106% : 100% 90% 92% 100 MONEY TO CONTINUE EASY Problem Nevertheless in General Business Ontlook. BY GEORGE T. HUGHES. Sperial Dispateh to The Star, NEW YORK, April 12—Whatever the immediate future of slocks and of speculative securities—and as to this opinion in Wall street is divided, with the preponderance of betief that lower prices are o be expected—the outlook for bonds and investments is considered very promising. Bond dealers and traders are al most a unit in their expressions of onfidence. This is, as & matter of fact, the logical view. Money is easy and’ will probably continue 50. Any recesaion in business would simply increase the supply of funds avail- able for investment. Therefore, ai! the ingieations point for 2 good mar ket in bonda Problem Becomes Difficult. When any attempt is made to be more specific the problem is not so eagy. Ths market itself so far has Eiven little indication of any change in the trend High-grade raiiro issues of the savings bank class are s«lling below their high of the year still further below the high of The return to ths investor | even now very low. It is hard to sec why it shouid go any lower. high price for bonds of this zrade ,{and mnsequently the extreme low ol e influes When the Mln&!mn a.hrn\d ec buying orders for first mortzage rail- f the grade of Atchiso s from the other side, par- l'an Amsterdam A goo f this buying was believed tr be for German interesta anxiou: ety abo her consideration: probable that be a repetiti ear. was made under th. ce of purchases for foreign ac. a Tittle ligher th X the firat-grade raiis. ther it is high enouzh t tempt agwressiv. ing remaing to be seen. With this grade also present prices are be- low the high o ¢ be the high of 1 road bonds fluctuat ings of the roads of the obligations. th the ear: ch they are L There has bee: lis year a sharp advanoe these bonds, but obviously th nothing to do with the mone tion, ncr e i, is meant w What al ! bonds. the best argument ¢ the utilitie below the electric power companie: port Creases in earnings, both ret, and there is even some o ment in a few of the tractions Gea: soned bonds of such u On properties at pre-war valuations are in a position to benefit from any gereral advance in the hond market Summing it up, the sitnation is th. While general confidence is express in the futare of the hond mark thers is no agreement as to just wh class or grade of boner, uniess it b the utilities, are the most attractive Foreign Bonds Separate Faetor. Foreign bonds must be considerec eparately. s on the dollar is- sues of European nations are a surdly high, with the poseible axcen tion of United Kingdom obl French bonds, national, and municipal, are obtainabl to re {turn from 8 o 9 per cent This 74 | DOt taking into consideration the pro 4 | mission report. | visions whereby certain of the. sues are redeemable for sinking f purposes at a premium. Belgium ield from 7% cent also, without Austrian guaranteed severally by the var powers, return more than § per cent So do Crechoslovak $s, although t new republic has conducted finanoes with skill and oonserv n Well over 6 per cent is to be ha on the national and municipal ob! gations of the countries of northerr Europe neutral in the late war These high yields are primarily du. to doubt as te the pol al outloc It may be that this has heen in part at least, by the cieared Dawes com There are, howeve | other factors. The average Americarn investor is very timid with regard t anything foreign. It is not so London. Over there, with the sam doubt as to the political outlook, for eign securities bring a higher pric than here in America. View of the Observers. Some shrewd observers expec soomer or later the attraction of large return on foreign bonds wil {outweigh the reluctance to ta foreign risk, which now has such & restraining influence on the Amer can nmrket for these securities |any rate, American buyers of foreicy {bonds at present’ pri ) not b to take into acoount either the monc situation or the prospects of dor business. NEW YORK BANK STATEMENT v YORK, April 12—The actu: condition of clearing house banks trust companies for the week show deficit in reserve of 3§85 J is an increase of $2.573.1 The statement follows Loans, discounts, etc., $4.680,302,000 decrease, $19,453,000. Cash in own vaults members Fed- eral Reserve Bank, $46.16,000; d $807,000. rve in Federal Reserve Bank of member banks, $483.857,000; decreas $108,000. Reserve in own and trust compani crease, $101,000. Reserve In depositarie: and trust_companies, $ crease, $175.000. Net demand deposits, §3.806.425.000: decrease, $20,982,000. ' U S deposits deducte Time _deposits, crease, $2,029,000. Circulation, $32,240,000; $13.009. Aggregate reserve, 3502 Deficit _in _reserve, 383 crease, $2,573,120. Summary of state banks and trust companies” in Greater New York not included in clearing house statement: Loans, discounts, ctc.. $833,875,300; decre: $9,292,700. old, $3,460,700; decrease, $8.100. urrency and bank notes, $32,242.- increase, $1,279,600. Deposits . with Bank of New York, crease, $4,163.300. Total deposits, crease, $15,432,500. Total deposits, climinating amounts due from reserve depositaries and other_banks and trust companies in New York, and United States deposits, $815,438,000 decrease, $13,038,200. Banks—Cash In vaults, $35,244,500 Trust companies—Cash in vaults, $69,578,500. e — COTTONSEED OIL ADVANCE. EW YORK. April 12-—Cottonseed oil advanced 9 to 15 points through week end covering ana o ilitle gouthern buying. inspired the firmness in crude oil and cotton and better tone of foreign news. Selling by local bew checked the advance, final bids being * {0 9 pointa net higher for active monti Sales, 3.900 barrvis. Prime crude, . 9.00; prime summer yellow, spot, 10. 10.40; May closed, 10.25; July, 1 September, 10.83, and October, all bid. aults state bank, £5,509,000; in- state banks ,000; de decreas., 41,000. 90! Reserv: L119,700; 1n 500; de- 10: