Evening Star Newspaper, April 30, 1925, Page 28

98 a2 FINANCIAL. TH STEEL ADWODLEN WEAK AT FINH Public Utility Stocks Keep Up Advance—Day of Con- fused Moves. 'UART P teh to The S YORK, April 30 under BY Special Di NEW market WEST. 'he stock today and was pressure, ally unsettled forces unwilling to advantage they had gained 1t dealings. The weight of of Dodge Brothers prefer- seemed too great for the list to withstand, and this episode undoubtedly had much to do with the market's action Attack W Professional traders, searching for wea found one in American Woolen. There has been a great deal of talk about the supposed turn for the 1 in the company’s affairs, Wall et has suffered so many disappointments arding American W n 't even with the new ement there is no hurry to believe anything good. American Woolen common under 38 was off over 2 points, and the preferred was also weak The selling of the independent steel was in mony with the own facts about the steel trade. The question has been asked whether, with production reduced as it is, and with the p t low prices, some of these companies can be making money? Re- y Iron and Steel sold at a new low for the and Bethlehem Steel dowr to its low when it ted States Steel com as weak as the others nder 114, with prices gene with the buying ence stock Bears man es mon but was it dipped 0ils Inclined to Sag. ol did not follow up their appearance of the but instead were in- There was no fresh nce, but the leaders re off a half point or shar more prom to of imy group w day, rt thern F lway at a was the one fi ilway list It has for conceded that the be 1 from 5 to i Seabc umed, but it was earni for Aprik would break all re the company s about and Southern, . & W. Stocks Very Strong. Notwithstanding this Norfolk and Southern stock was v 9. as_against final. The Stre not Seaboard A ompany is seeking d b Roebuck provided # sensation vith a jump of over 6 points, making t thin two days of over Ny revived p, but these denied. The attempted is from $6 ure of the some dividend per cent the Wednes. thinks that, if Line, some control of natur 1 split been t other exy n wse in the dividend $8 a share There was an astonishing rise in ictive Buffalo-Rochester and stock. It sold toward the a ist 48 on Tuesday. CLOSE IS IRREGULAR. the Associated Press NEW YORK, market was a two-sided accumulation of several mo public utilities and specialties be- offset by the persistent ited States Steel, Baldwin popular industrials. Dodge Broth- preferred broke nearly 2 points or wal of syndicate support. Railway, touched a record 1 time Total sales proximated 1,250,000 shar The closir irregular. Con- price movements character. lings, strength of > 3 K. preferred nd Public Service of New Jersey be. ing counteracted by the heaviness of the standard industrials. 30.—Toa: ers the k and ’Marke at a Glance NEW YORK.— Stocks irregular; Southern Railway touches record high Bonds unsettled; Dodge Bros. bonds break to new low Forelgn exchanges steady; selling firm above $4.84 tton higher; spot house puyin w lower Brazilian mar- sterling CHICAGO.—Wheat tation light deliveri \ easy; predictions, eries ttle steady to higher. s lower; packers inactive . steady: expec on contra heayy May GERMAN BON];)‘S AND STOCKS. (Quoted in dollars per miiilore marks.) 9 Bid Gt (win) 5s 1014-18 1 1800 | nd marks. ) 9.00 400 19250 19.00 Brhs & 48 pre-w Amer Line 4158 han Lioyd 1338 050 6000 26.00 14.00 #30.00 « Bank ox div dter Bank ex div Bank_Vienna share. 3,000 kronen. ‘msts ur “Per TODAY'S METAL MARKET. April 30.—Copper, pot and futures, ot and near 54.12. Iron, prices _unchanged. Lead, steady: spot, 7.75a7.85. Zinc, steady: ast St. Louis spot and futur 6.95. Antimony, spot, NEW steac YORK trolytic, Tin, easy; by fut st FLOUR UNCHANGED. April 30 higher a shipments n1.47%; May, . No. 3 yellow 1.00% white, lax Oats, No. 1, CALL MONEY HIGHER. NEW YORK, April 30.—Call money firmer: high, 41%: low, 4: ruling rate, closing _bid offered at 41;; last 1n, 4; call loans against acceptances, 1 time loans, firmer; mixed collateral, 190 days, 3%;: 4-6 months, 4; prime commercial paper, 3%a4. HEAVY CORN ARRIVALS. NIEW YORK, April 30 (Special).— About 50,000 ears o green corn were received today from Texas, the sea- son’s initial shipment. Quality w: only fair and sales ranged from 15 3.00 per bushel basket, conts irom 30 Lo 60 ears, time | selling of | and oth- | and refined prices | Adv Rumley.... Ad Rumley pf (3. Ahumada Ld (1) Alr Reduct (4) | Ajax Rubber | Alaska Juneau. Allled Chem (4). Allis Chalm (6). Am Agricul Chm Am Ag Chm pt. . Am Beet Sug (4) Am Bosch Am Brk Shoe (5) Am Can (47) .. Am C&Fdy (n) |AmCar & F (12) | Am Chain A (2). | Am Chicle. Am Chicle ctfs Am Drug (60c). Am Express (6). Am & For Pow. . | Am & Fr P pf (1) AmIce (7)...... | Am Internatl Am La Fran ( Am Linseed. Am Linsd pf 3% . Am Loco (11%), Am Loco pf (1) Am Radlator (4) Am Ship & Com. Am Sm & Ref (6) AmS&Rpf (7. Am Stl Fdys (3). Am Sugar. Am Sumatra. Am Sumatra pf. Am T & Cab (5). Am T & Tel (3).. Am Tobacco (7). Am Tobac B (7). Am Tobac pf (6) Am WW&Z 30 Am W W pt (6). Am Woolen Am Wool pt (7). Am Writ Pap pf. Am Zine. .. Am Zinc pf. . Anaconda (3). Archer-Daniels. Arch-Dan pf (7) Armour 1 A(2). Arn Cons & Co Asso Dry G (5).. Asso D G 1st (6). Asso D G 24 (7). Asso Ol (1%).. AtT&SFe (). AT&SFpf (5 | At Birm & At. AtlanticCL (7). AtGulf & WI. At Gulf & WIpt. Atlantic Refin. Austin-Nichols Ealdwin L (7). Bald Loco pf () | Eal & Ohio (6).. | Bal & On pt (4). Larnsdall A ... | Barnesdall r { Uayuk Cigar. ... eech Nut (2.40) Bethlehem Steel Briggs MIg(3%) | Bkl Eaison (8).. | Bkl-Man Tran. . | Bkl-Man T pf (6] | Erow= Shoe (4. B'wick-B C(3.60) Buff Roch & Pit *Buff Reh& P. .. Buff R&P pf (6) *BR & P pf () | Burns Bro (10).. | Burns Br B (2) Bur Add Ma (3). Bush Term (5) Butte & Su(50c). Caddo Centrai. . Cal Packing(6) . Cal Pere (1%). Callahan Zinc Calu & Ariz (2). Calumet & H | *Canada Sou (3) Can Pacific (10). Case Threshing. Cent Leather. Cent Leather pf. |CRRNJ (112). | Century Rib (2). | Cero d Pasco (4) | Certain-Teed | Certain-T 1st (7) “hand Mot (3).. Ches & Ohio (4). Chi & Alton. . Chi & Alton pf.. Chi Great West. Chi Gr West pt Chi Mil & St P. Chi Mil & SP pt. Chi & Nwn (4).. ChiPneuT (6).. Chi R1& Pac... CRI&P DI (8). |CRI&PDI (D). | Coilds (12.40) ... hile Cop (23). V& Pitt (312) Cluest Peab (). Cluet Pea pf (7) Coca-Cola (7). .. Colo Fuel & Lron Colo Southern.. Colo Sou 2d (4) Col G & E (2.60). Col G & E pf (7). | Col Carbon (4).. | Com Solv A (4) Com Solv B..... Congol-Nrn | Conley (sta) . Con Distributrs. Consol Gas (5).. Consol Textile. . Cont Can (4) . Cont Insur (8).. Cont Mot (80c).. Corn Prod (2) Crex Carpet(3). Crucible Sti (4). Cub Am Sug (). Cuban Cane Sug Cup Cane Su pf.. Cuba Domtnican Cuyamel Fr (4). Cuyamel Frrts. | Daniel Boone. .. Davison Chem. . Deere pf (3).... Del & Hud (9).. Del L&Wn (i7). Detroit Ed (8) Dodgs Bro pf wi. Dome Mines (2). Dupoat (10).... DuPont deb (6). Duquesne pf (7). Eastman (18) Eaton Axle..... Elec Power ctfs. ELP & Lt 40% pd Elec Str Bat (4) Emmerson Brat. Emmerson B pf. Erie 1st pf... Exchange B (1). Fairbks (2.60).. Famous Pl (8).. Fed Lt & T (17). Fid Phoenix (6). ivisher Body (5). Fisk Rubber. Fisk R 1st (1). Flefschmann (4) Foundation(8). . Freeport Texa Gardner Motor. Gen Asphalt. ... Gen Clgar (8)... Gen Electric (8) Gen El spl (60¢). Gen Motors (6) . Gen Mot deb (6). Gen Mot pf (7). Gen Petrol (2).. Gimbel Bros. Ginter Co (1%). Glidden Co. Gold Dust. Goodrich. Goodyear pf (7) Gdyear prior (8) Grant y Consol. . Grt North pf (5) Gt Nor Ore (1).. Grt Wstn Su (8). | Greene Canan. . Guantanamo. Gulf Mo & Nor.. Guif St Steel (5) Hanna 18t (7)... Hartman (2%). . Hayes Wheel (3) Hays W pf (7%) House'd Prod (3) Hudson Mn (2 7) Open, High. 15 15% 52 52% 10% 104 0% 100% 13% 2 85% 77 19% 51 9T% 149 162 66 14% 874 83% 109% 1% 11% 50 88% 265% 11% 73% Low, 15 52 10 100% 13% 847% 76% 19 49% 39 28% 16% 354 967 145 162 65% 144 B5% 83% 109% 1% 10% 50 88% 264 11% 2% 9k 1064 50% 49 29 204 384 52% 954 103 144 61% 27% 93% 12% 4% 26 67% 62% 27% 344 103% 36 30 284 96% 149% 130 116 97% 13% 143% 87 107% 108% 15 22% 101% 62 1% 9 87 16% 36% 97% 149 162 65% 14% 874 83% 109% 11% 10% 50 88% 265% 11% 3% 914 106% 50% 49 29% 21% 38% 63% 95% 103% 14% 62 28% 94 12% 4% 26 67% 62% 27% 843 103% 36 30 Hud Man pf (5). Hudson Mot (3). Hupp Mot (1)... Illinois Cent (7). 111 Cent pf (6) ... Independ Ol (1) Inland St (23). Inspiration Cop. Internat Agri... Inter Agri prior. Int Bus Mac (8). Int Cement (4). . Int Com Eng (2). Internat Har (5) Inter Har pf (7). Int Mer Mar pf. . Int Nickel. - Int Paper. 5 Int Pap pf st (6) Int Ry Cent Am. Int Tel & Tel (6) Jewel Te pf (7). Jordan Mot (3). Kansas & Gulf.. Kan City Soutn. Kayser (Jullus). Kelly-Spring. .. Kelly-Spring pf. Kennecott (3). . Keystone T & R. Laclede Gas (8). Lehizh Val (3%) Liggett & M(14). Lima Loco (4) Loews Inc (2) LOft..coceceeone Long Bell A (1). Loose-Wiles. ... Lorrillard (3)... Louisiana Ofl. .. Louls & Nsh (6). Ludlum (2)..... McCrory pf (7) Melntype P (1).. Mack Trcks (6). Mack Trk 2d (7) Mackay pf (4).. Macy HR & Co.. Magma Copper. . Mallinson & Co. . Mallinson pf (7). Manlla Electric. Marland Ofl..... Mar-Rock (26¢). Martin-Pry (4). Maxwell Mot A. Maxweli Mot B. . Max Mot B ctf May Dept St (5). Metro G pf (1.89) Mexican Seabd. . Miami Cop (1) Mid-Continent. . Mid-Cont pf Midale States. ... AMidind Pr pf (8) Minn & St Louls. Mis Kan & Tex.. MK &T pt (5).. AMissouri Paciflo. Missourf Pac pf. Mont Power (4) Montgom Ward. Moon Mot (3) *Mor&Ess'x (3 Mother Lode Motor WhI(75¢) . Mullins Body Munsingwr (3). Murrsy (2.40) Nash Mot (411).. Nat Acme (sta). Nat Cloak (4)... Nat Dalry (3)... | Nat Distlllers. .. Nat Distillers pf Nat Enamel & S. Nat Enam pf (7) at Lead (8).... at Ry Mex 1st Nat Ry Mex 2d. Nat Supply (3). Nevada Copper. N O Tex & M (7) N Y Alr Br (4). X BrA ) Canners (2) Y Canner pf (1) N Y Central (7). C&StL (6).. YC&StL pf (6) NY Dock....... N Y & Lack(7) garFpf13%. ¥ NH & Hart.. NY On & Wn (1) Norfolk South. . ort & West (7) Norf & W pf (4). North Am (3.40) North Pac (5)... Onyx Hoslery. Otis Steel. Otis Steel pf. Pacific Gas (8).. Pacific Mail. Pacific Of1 (2) Packard (+13%). Paige Mot (1.20) Pan-Amer (6).. Pan-Amer B (6) Park & Tilford. Pennock & Ford Pernsy R R (3). Penn Seab Steel. *Penney pfd(7). Peoples Gas (8). Peoria & East. Phia Co (4)..... Phila&RC &1, Phillips Pet (2). Plerce-Arrow. . Plerce-Arrow pt Plerce-A prior 8 Plerce Ofl. Pierce Ofl pt Pierce Petrol. Pitts Coal. Pitts Coal pf (6) *Pitts, Ft. Way(7) Pitts Ter pf (6) . Pitts Ut pf $1.20. Pitts & West Va. Postum-Cer (4). Prod & Refiners. Pub S Gas pf(6). Pub Ser NJ (6). Public Serv rts. Pullman Co (8). Punta Al Su (5). Pure Oll 1%).. Radio Corpof A. IRSTICefs (4). | *RS T Cets (4). Ry St1 Spg (8) Ry St Sp pf (7) Ray Cons Cop. Reading (4) Reading rt ; Reading 1st (2). Reading 2d (2).. Remington Type Replogle Steel Rep Ir & Steel Reynolds Sp Rey Tob B (3) Rey Tob pf (7) Rossia Ins (6) Rossia Insrts. .. Roy Duth 4.42%. Rutland pf.... St Joseph Ld (2) StL & San F (5) StL'SanF pf (6). St L Southwest. St L Swr pf (5). Savage Arms. Schulte (*8). Schulte pt (8) .. Seaboard Alr L. Seabd Alr LiDf. . Sears-Roebk (8) Shattuck FG (2). Shell Un (1.40).. Simmons Co (2). Simms Pet (60c) Sinclair Ol Skelly Oil.. | Sloss-Sheft (6) | South Pac (6)... Southern Ry (5. South Ry pf (6). Spicer Mfg. ! Spicer pf (8). ... Std Gas & El (3) | §t 011 Calit (2).. StOilNJ (1) St OIINJ pf = Std Plate Glass. Sterling Prod (4) Stew Warnr (6). Studebaker (4). Submarine Boat. Supertor Ofl. Symington . Tennessee Cop. . Texas Co (3) Texas Gulf (7).. Tex & Pacific Tex & Pac C B NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Open. High. 6674 51% 18% 112 113 26% 89 224 11 49% 120% 624 83% 107% 115t @2u 29% 534 8l 28% 89% 107% 47% % 8215 264 16% 50 474 2% 165 T6% 60 19% 23% 81% 103% 90% 87% 19% 974 45% 58% 41% 117% 10% 634 63% 4% 9% 4% 17% 9 43% 106 61% 14% EVENING Low. Close, 66% 67 50% 61 16% 164 111% 132 113 1188 24% 26 89 89 22% 22% 1 1% 49% 60 120 1204 62 624 83% 385% 1074 107% 116% 116% 41% 41% 29% 294 5314 56 784 73% 23% 23% 894 89% 107% 47 67 61% 16% 12 13 26 39 22% 11% 50 120% 624 364 108% 115% 424 29% 56 3% 28% 89% 107% 4% % 33% 26% 17% 504 4% 2% 165 7% 60 63% 28% 8% 50 8215 () 6% 18% 18% 31 5% 69% 514 5% 26 6214 12 122 48 53 3614 26% 101 2815 81 21 304 1304 | 105% 9 20 17% 74 44 27% 24% 4“4 1% 105 115% 18% £4% 39 39% 4 51% 95 1% 824 ] 394 83% 139% 81 13% 65% 118% 234 93% 68% 22% 131% 42% 26 £0% T2% 72% 123 6% 12 1% 17% 9% 41 66 18% 42% 14% 4% 121% 93% 4% 48% 43 47 733 81 45% 1 65% 109% 1% 26 43% 162% 50% 23% 85 22% 19 23% 81% 108% 92% 87% 19 99% 45% 58% 414 17% 10% [ 644 4% 10 4 1% 9% 44 105% 51% " | NEW YO STAR, WASHINGTON, OFF OVERZ POINTS Withdrawal of Syndicate Aid Starts Drop, Which Is Part- ly Made Up Later. BY GEORGE T. HUGHES. Special Dispatch to The Star. ¢ NEW YORK, April 30.—The feature of the day’s trading in bonds was the withdrawal of support for Dodge Brothers’ 6s at the offering price of 99. One or two sales were made ves- terday a little below this figure, but not until today was there any volume to transactions under 99. Under heavy offerings the price broke 2 points in the first hour of trading, after which there was some rally. In view of the reported heavy over- subscription this incident attracted more attention than it would other- wise have done, coinciding as it did jwith a similar loss in the preferred stock. Besides the sales in the regu- lar way there were some transactions for delivery seven days at prices from to 412 points under Wednesday's close. Government Issues Firm. High-grade investment bonds were firm and at least three United States Government issues equaled their best prices for the vear. The Treasury 4s were in especial demand, and next to these the third and fourth 4 Lib erties. Among the industrials, United States Steel sinking fund 5s were un- Iy active, but at only small frac- tional change in price. Time money was still in supply in excess of de mand Privilege of conversion into stock at tached to New York Central debenture 6s expired today, and sales were made of the bonds for cash, so that they ! could be converted before the close of business. Tomorrow the bonds will sell entirely on their investment merit and probably some points lower. Opposite Movements. In the balance of the list there were two opposite movements; strength in rubber and tire issues and heaviness in the sugar company bonds. Kelly- Springfield 8s were up nearly 2 points among the rubbers. Losses in the sugar issues were only fractional. Notwithstanding the continued de cline in the price of raw sugar, the ar producing companies are in a strong financial position, and there is no reason why the bondholders should be disturbed The Japanese 6135 were the leade I‘xn the foreign grou; selling up to 9 | the high of the ye: and only a point |below the high of 1924. Mexican | bonds added 1o the gains of Wednes: | day ¥'s new offerings included $3, Tyrol Hydro Electric Power | 7125 to yield 7.80 per cent, and $3,500, | 000 Court and Remsen Street Office | Buildings (Brooklyn) first 6s at par BRITISH AUTHORITIES BOOSTING RESERVE By the_Associated Press | __LONDON, April 30.—The Bank {England statement today shows th: |the British authorities are carrying out the program Winston Churchiil, chancellor of the exchequer, ment i ed in his budget speech on Tuesda. [for the accumulation of a lirge serve in connection with the return to the gold standard. The statement shows an increase of £27,000,000 in bullion. | of RK NOW LEADS. 1Produced More Electricity in 1924 Than California. More than 59,000,000,000 s of electricity were p United States from' {and fuel in !leading Interfor Department computations | today showed that ifornia, whick | had led for three years in production kilowatt oduced in 4 | by waterpower, had dropped to sec ond New ¥ jof the | waterpower in 1 ;rom:me ‘was 15, | BUTTER LOWER TODAY. | CHICAGO, April 30.—Butter lower creamery extras, 40%4a40%: standards, 401 extra firsts, 39a40; firsts, 37a38 | seconds, 33a36. unchanged: rk produced electricity 24. 19.84 per cent generated from California’s per receipts, 19,7 | GERMANS CUT RAIL FARES. NEW YORK, April 30 (Special).— { For_the first time since 1908 the Fed- eral railroads in Germany have re- established the reduced railroad fares for groups of travelers and socleties. The reduction is 25 per cent of the regular fare for groups of 30 people and over and for a distance of over | 50 kilometers. *Tex PacLd Tr.. 295 295 Tide Wat Ofl (4) 130 130 Timken R B (t4). 40% 41 Tobac Prod (6). 175 76 Tobc Prd A (7).. 99% 99% Transcont Oil 4% 4% Transue & W(2) 264 264 Underwood (3). 39% 39% Union Ofl (1.80). 36% 36% UnionOfl...... % % Un Pacific (10).. 136% 136% Un Pacific pf (4) 73% 78% Un Tank Car (5) 123% 123% Un Tk Car pf (1) 116% 116% Utd Alloy Steel. 25 25 Utd Cigar (13%) 66% 66% United Drug (6) 119% 120 USCastIronP. 153 158 U S Distributing 81% 81% USHoff (2).... 20% 80 USIndAlcohol. 86% 864 USRealcy (8).. 187 188% USRubber..... 40 414 USSmpt (3 4% 44y U SSteel (17)... 114% 1147% U S Steel pf (7). 1244 124% Universal Pipe.. 29% 29% Univer PDf (7). 170% 70% Utah Securities. 94 102 264 Vanadfum...... 26% Va-Caro Chem.. 4% 4% Va-Caro Chpf.. 18K 184% Va Ry & Power. 102 102 Vivadou. 13 13 21% Wabash........ 21% Wabash pf A(5). 624 624 Waldorf (1%).. 164 164 ‘Ward Baking A. 116 116 Ward Baking B. 87% 38 West Pen (4)... 115 116% West Pen pf (7). 964% 964 West Elec pf (7) 116% 116% West Maryland. 12 12 Western Pacific. 41% 41% West Union (7). 131% 181% West Air Br (6). 99% 99% Westinghse (4). 67% 674 Weston'A (2)... 21% 21% White Eagle (2) 26% 26% White Mot (4).. 60% 61 Wilson&Co.... 6 6% Wilson & Copf.. 21 211 Wilson ctfs 20 20 Willys-Overld.. 156% 16% Willys-0d pf (7) 914 91% Woolworth (3).. 122% 122% Worthington.... 45% 4b6% Wright Aero (1) 18% 18% Youngstown (4) 68% 68% +0dd lots. 1Partly extra. iPayable in preferred stock. Dividend rates ‘as given in the above table are the annual cash payments based on the Iatest quarterly or half-yeariy: declarations. Unless otherwise noted, extra or dividends are not included. 26% 394 36% % 185% 73% 123 116% 25 65% 118% 142 80% 29% Bask 186% 40 44% 1z 124% 27 69 94 26% 4% 17% 101% 124 21 61% 16% 116 37% 112 964 116% 11% 40% 130 98% 67 21% 26% 60% 5% 21 20 15% 89 121% 43 18% 635 26% 60% 6% 20 16 89% 122 43% 18% 634 D. C., THURSDAY, APRIL 30, 192 . Recelved by Private Wire Direct to The Star Office. UNITED STATES BONDS. (Sales are in $1,000.) Sal Lib3%s.... 139 Lib 1st 435 43 Lib 2d 4%s. 95 Lib3d 4%s. Lib 4 4%s US 451944 US4%s'52 101 102 . High. 1025 101 11 102 10 410117 75 105 18 FOREIGN. Sales. High. Low. Close. 46 18 Argentine 68 A. Argentin Argentine 7s. Austria 7; Bank of Japan 6s. Belgium 6s Belgium 6% s w Belgium 7%4s. Belgium Berne 8; Bordeaux 6s Brazil 7s. Brazil 7s Brazil 8 Canada 5s 1926. Canada §s 1952. Canada 535 1929 Chile 7s 1943 Chile 85 1926 Chile 8s 1941 Chile 8 1946 Chinese Gov Christiania 8 Con Pow Japan 7 Copenhagen 5 Cuba 5%s. .. Czecho 85 1961. ... Danish Munic 85 A Danish Munic 8s B Danmark 6; Denmark 8s. . D EI5%s Nov '53. Dutch East I 63’47 Dutch East I 63°62 Finland s f 63°45., Finlands 7e . “ramerican Ti%s.. 3 French Ts .28 69 rench 8s. . 44 Ger E16%5'50 wi. 10 German 7s.. . 665 Ger Gen Elec 78 2 Greek 7s Holland-Amer 6 Hungary 6%s Japanese Japanese 6% sergens U M 6847 Lyons 6s. 5 Marsellle 6 . Mexico 4s ‘04 asnt. 34 Mexico 4510 asntd 73 Mexico 5s assented 61 Montevideo 7s. ... Netherlands 6s '54. therlands 6s'72. orway 6s 1943... orway 6s 1944. orway 6s 1962. 145 76 14 | Parts-Ly" Paris Orleans 7s.. Peru 8s Porto Alegre s Prague 7%4s. ... Queensland 6s. ... Queensland 2 Rio de Jan 8s 1946 Rio de Jan 88 1947 Rio Gr Do Sul §s.., Sao Paulo City 8 Sao Paulo State 83 Seine Dept of 78 Serbs Crot Slo 8 Sweden 5%s ct. | Sweden 6s. ... Swiss 535 1946 Swiss Confed 83 Tokio 5s. 2 Cd Kingm 5%s'29 37 Ud Kingm 5%s 37 177 Ud Steam Copen 63 2 Uruguay ¥s. 2 Ajax Rubberss... 3 Am Agr Chem T%3s 12 Am Chain sf 6s°33. 6 Am Cotton Oil 55.. 6 Am Smit & R 1st 5¢ Am Sug ref 6 AmT&Tcl AmT & Tcltr b AmT&Tst5s. .. AmT & T deb 55 AmT& Tcy 6s.. Am Water Wks b3 Am Writ Paper 6s Anaconda 1st 65 Anaconda cv db 7s. Andes 7s o7 pd Armour & Co 4%4s. Armour Del 5%s.. 23 Assoclated Of1 6 | Barnsaansrss. .. Bell Tel Pa bs . Beth Steel pm 6s.. Beth Steel 5%°63. | Beth Steel s £ 63 | Bilyn Ed gen 5s.. Bklyn Unlon G 5a. Calif Pete 6%s.... Cen Leth 6845 cfs. | Chile Copper 6 | Col Gas & El 5: Col Gs & B16s ata. | Commonwth P Con Coal Md 1st 58 Con G NY 5%s wl Consumers Pow 58 €uba Caneev 7s. .. Cuba Canecvd 8s. Cuban Am Sur 8s. Dery (DG) 78 Det Edison 5340 Det Edison ref 63.. 2 Dodge wi 6s.......238 Du Pont de N 7%s. Duq L&P 53s '49. Duquésne Light 6s Est Cuba Sug 7%s 2 Empire G&F 7348, Fisk Rubber § Gen Refractres 6s. Goodrich 6% . Goodyear 85 1931 Goodyear 8s 1941.. | Hoe & Co 6%s. | Humble O&R 5% Tiinots Bell 1st 5. Ilinois Steel 43s. Indiana Steel 5s. .. Int Mer Marin Inter Paper 58 K C P& Lt 554’52, Kan G & El 6862 Kelly-Spring 8s... Lackawa S 68°60.. Lacl G ref 55'34. .. Laclede G 5%s '52. Lorillard (P) 5: Loulsv G & I 62 63 Magma Cop cv Manat! Sug st %8 Midvale Steel 68... Montana Pow 6. Mor's&Co 1st 4% Nat Tube 1st 58 New Eng Tel & N Y Ed 58’44 wi N Y Edenlst 814 NYG EL H&P s NYG EL H&P 68 NY Tel 4% N Y Tel 68’41, N Y Tel 65’49 North Am Ed 6 North Am Ed 6%8 Nor Ohio T&L 6s. . Nor States Pow Pacific Gas & El bs PaoT& T 1st bs... PacT&T68'62... Pan-Amer Pete 65 Pan-Amer Pete 7s People’s Gas 5. Phila Co 5%s 38, PLila Co ref 63 A Phila & Rd C&1 Sin Pipe Line bs. Skelly Oll 6%s. South Bell Tel b Southwest Bell bi 964 96% 102% 99 100 8 93% Low. 100 24 102 1 1019 101 30 1028 10111 1059 96% 96 102 931 99% 84 92 108 106% 108 93 83% 80% 105% 954 100% 103'% 102% 101 102% 107% 107% 444 110% 88 o7 98% 9y 109% 109% 109% 110% 93% 101% 101% MISCELLANEOUS. @ 1024 % 106% Close. 100 26 102 1 1019 101313 1029 101 16 10518 Sug Est Orient 7s. Tenn Elec Pow 6 Tide Wat Oil § Toledo Edn 1st Union Bag & P 6s United Drug s U 'S Rub 1st rf s, U S Rubber U8 Steel s £ 5 Utah Pow & Lt bs. Va-Car Chem 7s Warner Sug 7s '39. Warner Sug 7s '41. West Elec 5 West'n Union 6%8 Westinghouse 7s Wickwire Spen 7i Willys-Ov 6% '33. Wilson & Co 1st 65 Wilson & Co cv 68 Wilson&C cv 7%, Winchester A 7145 Youngstn S&T 96% 96% 102% 93% 99'% 84 9274 108t 106% 108 93 83 Bl% 105% 98 1005 103% 103 101% 102% 1089 107'% 44'y 110% 8% 97'% 99% a9 109% 109% 100% 110% 9% 101% Ann Arbor 4s. Atchison gen 48 Atlantic C Lecl 4s. . Atlantic C L 1st 4s. AtlanticC L 7s... B & O gold 48 Bkiyn-Manhat 68, Canada South 5s. Canad North 6%s. Canad Pac deb 4s. . Car Clinch & O 68 Centof Ga54s Central Pacific 4 Ches & O cv 434 Ches & O gn 4%s Ches & O cv bs Chi & Alton 3s. . Chi & Alton 33 Chl & Alt 3%s ctft Chi B&Q 1st rf bs Chi&EIgn 6 Chi GreatWest CM & Puget Sd 4 CMA&StP4s" T&StP gn 45°89. M&StPab4s.. M&StPoviks : St P 6s. . t NW gn 3%s ¥ W ref 55 Chi& N'W 6l%s Chi& NW s “hi Rys fs. ChiRT& P gn 4s.. Un Sta 58 Chi & W Ind cn 4 C& W I5%s'62. CCC & StL6s... Colo & Sou 433 Cuba R R 68 Cuba R R Del Hud cv 5s '36,. Den & Rio G cn 43 D& Rio G imp 5 D & Rlo G Wst 58 DesM & Ft Dd4s. .. Erfe gen 4s.. Erieconv 4s A.. Erle Genessee R 63 Gr Trunk sf db 6s. Grand Trunk 7s Great North bs. . Gr North 5% s Gr North gen 7 GreenB& W a Havana ERL&P 51 Hud & Man ref 5s. HlCentral 5%s. .. 111 C-C St L&NO §s Int Rap Tran 5s. .. Int Rap Tr 5s stpd. Int Rap Tran 6s. Int Rap Tran 7s. Int & G Nor 1st 6s. Int & G Noraj 6s Kan City Ft S 4s Kansas City S 3s | Kansas City S §s | Kan Cy Term 4s. | Lake Shore 45 "28. | Lake Shore 48'31 | Lehigh Val bs 2003 | Louis & N uni 4 | Louis & Nash §iys. Louls & Nash 7s. stannat Ky cn 48 Market St Ry 7 Mil El Ry & L 5 M & St L1stref ds.. M StP & SSM cn 4s M StP & SSM cn bs M StP & SSM 6148 MK &T1st4 MK&T4sB MK & T adj MK&TprinbsA MEK&T6sC.. Jo Pacific gea 4. . Mo Pac 55 1926. Mo Pactfic 55 ° Mo Pacific 6 Montrl Tm 1 Nassau E Ry 45 '57 New Or Term 4s. . Y Cent cn Cent deb Cent deb 6s C &St Ldb4s. NY Chl & St L5%s NYC&tLGSA... New Hav d 4557, New Havcd6s... New York Ry rf 4s NY. Ont W 1st 4 NY Ry rf 4s ctfs. NY Rysadjbsct.. N Y State Ry 4348 NY W & Bos 448 Norfolk & W cn 4 Norfolk & W cv 6; Northern Pac Northern Pac | Northern Pac 58 D Northern Pacr 1 Ore & Calif 1st bs. Ore Short Liret Ore Sht L cn 58 Ore-Wagh 1st rf ds Pennsyl con 4%s.. Pennsyl gen 4%s. Pennsyl gen b Pennsyl bs "6 Pennsyl 6%s. Pennsyl gold 7s Peoria & E inc 48 Por RL &P 68°47. Reading gen 4% Rio G West 1st 4s. Rlo G West cl 4s.. RIATk & Li4%. N NY NY NY NY 100% 964 95 114% 894 904 | 9% 83 102 100 1004 114 88 97% 1073% 109% 101 104 96 96% 104% 7% 9574 100% 96% 109 105% 934 97 104% 100% | 964 | 105 | 9T% | 104% 1043 StL &S F inc 6 St LS W con 4s 32 St P & KCShL 4%3 StP UnDep b San A & Arn P 4s, Seab'd A L 4s sta. Seab'd A Loref 4s. Seab’d A Loadj bs. Seab’d A Licon 6s.. Sou Pacific 48°29. Sou Paclfic clt 4 Sou Pacific ref 4s Southern Ry gn 4s. Southern Ry 1st bs Southern Ry 6s ct. Southern Ry 6%s. Texas & Pac 1st bs Third Ave ref Third Ave adj 6 Toledo Trac 6s. 106 | Union Pac1st 4s.. 86 | Union Paclstrf ds 91% | Union Pac 4s '37 100% | Un Pac 1strf6s... 843 | Union Paccv 6s 108 | Virginia Ry 1st 5: 100% | Va Ry & P 1st bi 99% | Wabash 34 §s. Bales. 2 4 10 11 Buff R & Pitt 4%s.322 6 High 96 101 103% 109% 95% 102% 86% 106 105% RAILROADS. 67 * 914 88l 94le 106% B8% 93 89 101% 103% 102% 88Y% 100'% 5 264 84% 102% 117% 6 116% 804 2 107% 20 3 21 23 4 17 Hud & Man aj 5s.. 208 4 53 61 Centribs.... 3 101's 897, 97 904% 1033 NEW DODGE BONDS | Coxxex vorx_ BONDS sroox excraser] Low. Close | sence of a FINANCIAL, Sugar Prices Drop I To Lows of Year | In Trading Today | NEW YORK, April 30.—Sugar prices dropped today to the low est levels of the on, raw sugar | selling at 4.30 cents a pound de- | livered and fine granulated at 5 cents. Despite the low price of | raw sugar, there was little demand | from refiners, because it was said large supplies in procucing coun tries aroused expectations of still further declines MOVES ARE MIXED N GRAN HARKET | By the Associated Press | | Absence of Frosts Means; Price Drop—Kansas Re- ’ ports Start Rise. By the Associated Press CHICAGO, April 30.—In the ab- | v reports of serious damage | wheat prices took an early | »wnward to The fact tha wheat quotations at Liverpool failed | to reflect fully yesterday's advance here tended also to weaken values by swi frost LOn the other hand, advices from Kan sas, telling of extensive planting of and oats on abandoned | fields, led to considerable de | wheat when prices decl openin, 4 to 2% cen lower, w | May 130 to 1.50 1 July 1.40 11401 was followed by | temporarily lifted prices vesterday's sh re easy owing nd to slackness opening at cents off, July 1.09% to 1.081; corn market sagged a little further {and then recovered somewhat Oats started unchanged to % lowes July 4075 to 42 cents. Later the mar ket underwent a fractional genera | setback. A downturn in hog values weakened corn th to to a trifle ™ scattered selli demand. Aft 65 104 107t 116% 94 1008, 109ts 135 86% 91 3% 10213 o | It the provision market WHEAT— Open. Hizh M September 'COTTON SELLS OFF - ASCROP IMPROVES ! Texas Rains and Reports of Larger Acreage Weakens Market. YORK, April opening steadiness in the market today following firmer |lish cables, with first prices | changed to 4 her, was | ceeded by w and a_rather sharp decline in the first half hour. The selling, which by further rains in | private report estin |of 44 million acres, { inc r last ar, forced July contr down to 23.99 and October to or 14 to 16 points net lower ce to be the general impres- sion that Texas has reeeived enoust oisture for the present and that th crop whole is getting off to a cotton as and a ting an area or 6.3 per cent 68, a k cotton futures closed steady at oints up to 6 down { NEW ORLEANS, April 30. | cleared in allies which | the | 30.—Briet | was influenced | APRIL CLEARINGS - TOTALST 1235057 Previous Records Smashed by Current Month’s Un- precedented Amount. BY CHAS. P. SHAEFFER Clearings of Wa stitutions broke ail § dur h endi at 360, the sociation re Cha ger of the Cle tion best previous i abltshed in December last n bank vious g the mo al of ds o the { more 340,577 month of about $20,00 In March of passed throu; Clearings for of this which av show 000,000 over the 1924 ntaired Leading Fifanciers Eligib A powerful : i talent is eligib form the bulwa | sociation of the | Ame: an Ins | the associat day night president chapte W. W i W. White, John P | McQuade, (. 'H. Doing rrell, Harry V. Ha Eva Victor B. Dey Waller s D Wa jr Cha Jan vell ar The ¢ workin 200 to Chairman- a rious co; 25 convention tion the call nventior Of special in nt of Attend Convention 1d vice chairmen of looking after the District Ban vesterday £ W.J hairman rtance w owles, ch: commit who will enter heir guests at | day s ) Washir was devoted transa res cont shares brought was firm nued weak preferred t | | i | | Earnings > Railro: of the Chesapeake for the first quarter show improvement over me period last year, net o | income having iggreased to $3 Gross earn $1,000,000 to net of § n in March March less th last year Railroad’s Net in Slump. Net opera the same and fc 358,000, agai ago, a drop of | quarter 515,000 a ve: revenues | $431,499.000, a decrease of and for the quarter, {407,000, a decline of 4.6 | Should other roads maintair ratio, net would be about 00,000 |for all class 1 carrier: about §s 1000,000 less than March of last ves for March $ per cent the same $ | cotton |and p market opened very ically unchanged | pool was about as due. Prices turned | easier owinz to private reports | good rains in Texa {PY a well known authority that the | acreage will be increased 6.3 per cent {to a total of 44,000,000 acres. July easy off to 24.08 and October to 23.3 13 ts under vesterday close. her in the belt was re- ported to be abnormally cold New Orleans cotton futures closed steady at net 3 points up to 10 down quiuet | May Ju | Ot May 3.53 24.04 bid December, 23 pening, October 23.63 bid : $25,000,000 IN RAIL | FINANCING DUE SOON IFlorirla East Coast Railway and Southern Among Roads in List. By the Associated Press. NEW YORK, April 30.—Wall Street looks for new railroad financing soon which it is estimated will aggregate ,000,000, including issues for the Northern Pacifi Florida East Coast Railway and a 1,000,000 issue for the Southern Railwa Among new offer. |ings today was $1.000,000 Denver Joint Stock Land farm loan bonds at 103% and accrued interest, to yield from 4.60 to 5 per cent. MEXICO SUSF;ENDS DUTIES ON AMERICAN CORN Import duties on American corn have been suspended by the Mexican go ernment for a period of two months, beginning April 27, Consul General Weddell, at Mexico City, reported to day to the State Department. X planation was given in the brief mes. sage. Officials here, however, were inclined to believe that Mexico’s corn crops had not produced the needed quanti- ties of that product for internal r quirements and consequent shortage had affected prices, causing an in- crease to consumers. read If you want work, columns of The Star. the want Washash 6%s, '7 Western Md 4s. ... Western Pacific 53 14 West Shore 1st 4s. 2 Wheel & LEcn4s. 2 Liver- | Bank 5 per cent| SHORT-TERM SECURITIES (Quotations furnished by Redmond & C of | and an estimate | Associated Oil 6 Baltimore & O Bethlehem Steel of Geos S = Du Pon Federal Sugar Ref Federated Metals 7 Northern P: s 1 1093 5 101 1004 101% 1015 | Hock | Humble 0il | Lehigh_Pw ML SUP. & | Morns & Co New Y Oregon Short | Penna. R. R. 7 | Pure il Inion Tank Car 7 U. S. Rubber 734s 19: Western Union 6348 1 Westinghouse E. & M. (Quotations furnished by W. B. Hibbs & C Nominal gold value $4.8605 | | I FOREIGN EXCHANGE. | | | London, pound { Montreal, dollar Paris, franc. | Brusser B Athens, | Madrid. | Vie 00001 1 érown 0o v, zlot i penhagen, ristiania, holm crown By the Associated Pres: NEW YORK, April 30.—Foreign ex changes irregular. Quotatio United States dollars): Great Britaii demand, 4.84%; cables, 4.8415; 60-gay bills on banks, 4.80%. France, de mand, .0 1 bles, 5 Italy demand, .0409%; cables, .0410%. Bel- gium, demand. .0508. Germany, « mand, .2380. Holland, demand, . demand, .1646. Sweden, dr Denmark, demand, .186: Switzerland, demand, .1936. Spain, de mand, .1461. Greece, demand, .015% Poland, demand, .19%. Czechoslov kia, demand, .02 Jugoslavia, de mand, L0162, Austria, demand 000014%. Rumania, demand, .45. A: gentina, demand, .3862. Brazil, de mand, .1065. Tokio, demand, .421 Shanghai, demand, .74%. Montreal, 1.00 1-32. INCREASi’I IN SURiLUS. NEW YORK, April 30.—The Py- rene Manufacturing Co. reports su: plus of $84,097 at the close of 1921 after payments of $146,316 in divi- dends, compared with surplus of $63,- Whe! & LE rf 452 10 256 for 1923 after the same amount & dividends,