Evening Star Newspaper, April 15, 1929, Page 13

FINANCIAL! [URB STOCKS QUIET N TRADING SLUMP Market Marks Time—Few “Bpecialties Advance After Early Reaction. BY HARRY H. BECKER. Special Dispatch to The Star. NEW YORK, Avril 15.—In one of the Quietest sessions this year, prices fluctu- ated indifferently on the Curb Exchange today. Volume fell off sharply and ex- cept for a mild wave of selling early in the session, there was nothing to indi- cate a change in speculative sentiment. A few stocks stood out for special rea- sons, while there was a fair display of strength in the ofls and several utilities. There was another sharp upward spurt in Arcturus Radio Tube, following last week’s buoyancy. It rose to a new high record and was one of the most active performers. Continental Dia- mond, a comparatively unknown spe- cialty, also displayed striking strength “at & new peak above 30. Stocks like Goldman Sachs Trading, Zenith Radio, Newton Steel, Newberry, Aviation Cor- gontlon and one or two others also roke away from the general hesitancy and were at different times actively ad- vanced, but the gains were modified or entirely cancelled by later profit taking. New York Transit featured the oil division, climbing several points at the outset on expected favorable develop- ments, the nature of which could not ? A&scert;oi?ei 3“ better sentiment to- petroleum shares generally had a steadying influence on- their prices. Stocks like Humble, Standard of In- , diana, Imperial of Canada old and Vacuum received good support. - The early reaction was characterized by professional experiments on the short side to uncover vulnerable spots. Some success in this direction was accom- plished in the case of General Cable warrants, U. S. & Foreign Power pre- ferred and Southeastern Power. Budd Manufacturing sold off follow- ing announcement of a special stock- holders' meeting May 24 to approve an increase in the common stock from 300,~ 000 shares to 1,000,000 without par value. Babcock & Wilson was unaffect- ed by the report for 1928 showing net profit slightly less than before and declaration of a final dividend of 8 per cent, making 15 per cent for the year, the same as was paid in 1927. News that Club Aluminum has perfected a new radio receiving set made no impres- sion on the stock. Among the specialties Ford of Canada new continued reactionary. ‘Clgptn were dull and somewhat lower the aviation stocks simply drifted. I Baltimore Markets | @pecial Dispatch to The Star. BALTIMORE, Md., April 15—Pota- toes, white, 100 pounds, 65a90; new po tatoes, 1.25a2.00; yams, barrel, 2.00a3. sweet potatoes, barrel, 2.00a3.25; aspas gus, dozen, 1.75a4.50; beets, crate, 2.50: 2.75; beans, bushel, 1.2523.25; cabbages, hamper, 50a1.20; carrots, bushel, 1.50a 1.75; celery, crate, 1.25a2.50; cauliflower, crate, 1.50a2.25; eggplant, crate, 2.00a 3.50; kale, bushel, 20a35; lettuce, ham- per, 7521.75; lima beans, bushel, 3.50a 4.50; onions, 100 pounds, 1.50a4.00; peas, bushel, 1.25a2.00; peppers, crate, 1.5 4.00; radishes, bushel, 1.25a1.50; squash, crate, 1.75a3.25; spinach, bushel, 30a60; tomatoes, crate, 1.00a4.50; apples, , 75a2.00; grapefruit, box, 2. 3.2 box, on Co 1 Aviation Credit 1% Babcock & Wil Borden Co n.. 4 Briges Siration 1 Brit-Am_ Tob Brersh @13 L0003, 0990w i Ty ' THE EVENING STAR, WASHINGTON, D. C, MONDAY, APRIL 15, 1929, NEW YORK CURB MARKET Received by Private Wire Direct to The Star Ofice o 029830000 a1 LT LT e T Sl s (oo TICICRT T SHEERE SNSRI WS 3 De For R C. ¥ Dizon J Crucibié. t Die C C. ug] Alrcraft Duke Pow .. nt Motor nd & Sh Ped Metals Y Ford Mot Co Can n Fox Theaters A 1‘6 Freshman Chas Ct 5 T Airp A 1Mapes Cons Mg 2 Marcons Totl Mur Lond B. n. 3% L 18 jorth Eastern Po: a8ty 4Oliver Frm Equip wi 44% 3 Oliver Fm Eq pr pfd 100 2 Oliver P Eq P Y L] = ® & & SRR+ *® 553 8555800408885 222 * | shifters, property men and program MzemsyoNeLg 2 woransesats RERBSE & 14 | weight is % rSpot® ';'.“-’:s:g;f A 3SR e d> By Sales in 3 = FEE 5 SRR Eripe EEREd i FF #5 25 H E = 82825583823228233388322 S L1 233358833228233888%22 & F —New. SwWith warrants. Village Dialect Play Wins. With a larger attendance than ever before the annual play given recently by the people of little Grasmere, Eng- 1and, to keep alive the local dialect, was the most successful of any produced. Students of folklore from many parts of the country attended. Grandchildren of the players who started the idea were the actors, and villageers were scene sellers. ‘The play, “A Will and a Way,” written by Mrs. E. Rawnsley, a local woman, was rich in colloguial expres- local man wrote the music, ‘The actors were only required bl e e was the daughter of - tor, and the leading man a chauffeur. Others in the cast were a farmer's daughter, a jobber's wife, a grocer, & tailor and a plumber. A Chimney Record. Claimed to be the highest in Europe, a chimney 476 feet high has been com- pleted at Butterfeld, Germany. Its calculated to be 800 tons. Previously & 463-foot chimney at Bochum held the record for being the highest in Europe. SHIPPING NEWS reme Court’s decision against 7-cent fare brought about drastic | will need further tractions. prices might ation to the New York ing reports, hkh"; l‘i‘l Km t , Wl fell far of recent optimistic estimates. Credit Situation Improves. ‘The reduction in brokers’ loans last week was it encouraging indica- tion that the banking situation is im- At present levels brokers’ are well down from their peak of three weeks , Bt ximately the old hfilev:fouuhg before the December ak. Loans of both the New York and out- of-town banks are at the lowest point CURB SAN FRANCISCO, BOSTON CLEVELAND ST. LOUIS PHILADELPHIA DETROIT CHICAGO BALTIMORE PITTSBURGH CINCINNATI! since last October, although loans of “others” have declined only slightly. The loans by “others” are not the chief concern of the Reserve banks, however. An additional favorable event of last week was the member banks reducing: their indebtedness to the Reserve banks. To be sure, this was helped by large gold imports, and, although such a large ‘movement of.gold into mestic wuam‘:umon immediately at hand showed improvement with this help. I‘Emwu{hmtmtm general level of sound investment stocks has deciined only moderately durlnh‘um liquidation of loans, while several highly speculative issues have suffered severe reverses, would indicate that the liqui- dation is hetn&:wompmhed ‘where most needed—in highly volmll:.zecu- lative favorites. Evidently the et is obtaining a sounder foundation without harming the investment issues, a method which should prove beneficial in the long run. Copper Prices Decline. Last week the reason for the recent heaviness in Wfiper stocks became ap- oril & | parent. The bull move which'sent ti Ponce—San _Juan. Presidente Wiisor Oscar. pen] price of r stocks to record levels | 3| several wm ago was accompanied by tobacco per 100 pounds: a7.00; frosted, 3.0024.00; sound com- d _greenish, 8.00a15.00; good common, 16,00825.00; medium, 2 .00; to fine red, 41.00a50.00; fancy, 50.00851.00; seconds, common to X good upper country burley, nomin ground leaves. 3.00225.00, Buy on the Budget Plan correc!| (Copyright, 1929.) MARYLAND TOBACCO SALES, BALTIMORE, April 15 (8 Both receipts and sales of Maryland leaf tobacco increased last week, com- with the previous week, the er totaling 270 hogsheads and the }:u:‘;'mou'g&u’ ?m hogsheads_in 2 a 8 of 3, State tobacco warehouses. There is still occasionally some old bacco coming in, which is selling it year's prices. The demand for new crop is only fair and mostly for cigarette grades of firm leaf and seconds. Quotations today for Maryland leaf : Inferior, 6.00 tion, below present wisesi policy to follow. al) — 236 hogsheads, 6.008 IN EARLY TRADING Farm Legislation Prospects Cause Renewed Buying—Other ly By the Assoclated Press. CHICAGO, April 15.— Substanial fresh upturns in wheat values. took place early today, owing, for the most part, to buying based on farm legisia- tion prospects. Some of the buying was credited to foreigners. Opening at % off to % up, wheat prices later scored & decided general advance. Corn, oats and provisions also displayed high -'na'“hm 'z&'m M er al sul juently > tional gains. Advances today in the price of wheat here were in the face of setbacks in Liverpoo! quotations, whereas upturns there were expected. Washington news about probable action which Congress would take relative to farm relief con- tinued to receive the lion's share of traders’ attention in Chicago. During much of the time, offerings were light and were confined mostly to periods when price bulges were in progress. Relative weakness of the Liverpool wheat market was ascribed to some in- crease of the stock of wheat on hand there. At the same time, however, the amount of wheat on ocean passage showed a material decrease, the total afloat being 65,296,000 bushels, com- pared with 69,592,000 bushels a week 2go and 68,268,000 last year. PARIS BOURSE PRICES. PARIS, April 15 (#).—Prices were easy on the Bourse today. Three per cent rentes, 73 francs 40 centimes. Five per cent loan, 99 francs 45 centimes. 00 | Exchange on London, 124 francs 25'; centimes. The dollar was quoted at 25 francs 59, centimes. ported unsatisfactory owing to Louisiana shipments. ‘Florida and South Carolina truck growers are prospering. Lumber. POR' ), Ore.—Strong demand for softwodd lumber continues thtxxfih- out the Pacific Northwest. Unfilled orders are high, the total for the West Coast and Southern pine mills together amounting to 1,126,228,000 feet. Of this amount 840,927,000 feet was re- ported from West Coast mills. Fish. BILOXI, Miss.—The oyster reefs of the Mississippi Sound were closed today by the Mississippi Oyster Commission of May, as is usual. This was done because of the enormous of young oysters on some reefs and the depletion of others. Drugs. BOSTON.—Sales of drugs, cosmetics and toilet articles are somewhat lo~er than they were earlier this year, put are still well above those of & ago. There is every indication that sales will continue at a high level for some months to come. MARCH EXPORTS. March exports from the United States were $486,000,000 and imports $383,000,000, leaving a favorable bal- ance of trade for the United States on | car the month of $103,000,000. COTTON IS STEADY IN OPENING SALES Reports of Rains in the East- ern Belt Are Followed by Buying. | 37 the Associated Press. NEW YORK, April 15.—Cotton opened steady today at an advance of'1 to § big | Points on buying which apparently was inspired by reports of rains in the Eastern belt. The precipitation reported scemed to have been light at most points, however. Liverpool was lower- than due on the New York close of Saturday and the under liquidation, combined with some New Orleans and Southern selling. By the end of the first half hour July was off to 19.95 and December {o 19.97, with the general market showing net declines of 4 to 6 points. Private cables said there had been covering and some Bombay buying in Liverpool supplied by liquidation, and also that reports from Manchester were discouraging, with a poor demand for cotton cloths, Baltimore Grain Exports. BALTIMORE, April 15 (Special).— Grain exports last week as reported by the Maritime Exchange were 786,163 bushels, of which 425,963 bushels were wheat and 360,200 barley. One ful cargo wes embraced in the report. The Ital- ian steam MoHnte Ossero took out 238, 239 bushels for Gibraltar for orders. Gasoline Price Advaneced. NEW YORK, April 15 (#).—Purther evidence of seasonal hardening of gaso- line prices was seen today in the an- nouncement that Atlantic Refining Co. has advanced its price for spot tank e 15 cent to 9% cents in the Philadelphia distriet. 5 Lowest Cash Prices No Interest—No Extras- 5; oranges, 1.7583.75; straw- berries, quart, 15a40. 3 128 | Sn Jorsamo-Pento Dairy Market. . et Y98 '35 '3 |Bants Ellsa—Vaipiraisc 140 Butter_Gapdesto fpncy _creamery, Eenble U Be-fl BiF 1o 18 18 |Port. Vietoria—Bermuds und, 45a47%; prints, - 49a50; blocks, Belected quuflrn I 207 20! DUE TOMORROW. 7249, lagles, 35a39; store packed, 32 "E 3:: Gentrol 1 § Tle de Prance—Havre. 233; rolls, 33a35; dairy prints, 33a34; e o : Majestio—go process butter, 42a43. Poultry, li ring chlckeu,hfilmd, 3 and horns, ) 3 ; Legl 3 18a30; ducks; 20a30; guinea fowls, each, 5021.10; pigeons, pair, 35840, Eggs—Receipts, 2,104 cases; native and nearby, firsts, free cases, dozen, 26 226l2; current receipts, 20a22. Live Stock Market. Cattle—Receipts, 500 head; light sup- ply, market active and steady. Steers, choice, 13.25 to 13.75; good, 12.00 to 12.75; medium, 11.00 to 11.75; common, 9.00 to 10.25. Heifers, choice, 11.50 to : & .00; medium, 9.00 good to choice, .10.00 to 10.75; fair to good, 9.00 to 9.75; common to medium, 7.00 to 8.50. Cows, good to cholce stable, 9.25 to 10.00; fair to good, 7.50 to 9.00; common to medium, 5.00 to 7.00. Sheep and lamb—Receipts, light supply, market steady. , 135 MRS IS8 5! Lavland—West I g 14 | T nsie Hambure oo DUE THURSDAY, APRIL 18. rmuds—Bermud lcon—La Gua; Bixaola—8ants SRS S 58! & constantly climbing metal price. On top of a steady advance the Silvia—_8t. _John' price was advanced from 20 to 24 cents Dominica—Trinidsd 5| It S Iew R ‘h‘n"‘::pg:"nz"a‘: Pt . In the weeks that scntendug—aotmd-m followed, when the large producers, still o R o saasls - asking 24 cents for the metal, were do- y ing little business, the copper stocks DUR'SLTURDAY, AFRIL 20, were under heavy liquidation. Vauban—Buenos Aires ‘Weakness in the price of copper in DUE SUNDAY, APRIL 31. London last week led custom smelters Ulus—Port Limon here to drop their prices to 19%, cents, at which level they did a moderate amount of business. The larger pro- ducers, however, continued to ask 24 e nan S Spring is here—the Cherry Blossoms are a-Bloom—the grass is green— all Nature is putting on her “party dress’”’—and so must we. Come visit with us—see our Bower of Cherry Blc-scms—l:ear the canaries warble— enjoy the music—eat a “knick-knac’.’—lave a good time at our third Annual Cherry Blossom Carnival, " N Drop in on us in the next few days. In addi- tion to all the Spring trimmings, we have ready our exposition of the country's smartest Clothing, Furnishings and Hats. Clothes for “He-Men™ at moderate cash prices, and for those who wish it 32! 5 SF 5 .,. grensis, - s Co % $or & 2 Iy D! HRe fes niversal Aviation .. 4 niv_Pic C H Havana—Tampico L_etf’ Vot ak: et g g g DUE MONDAY, APRIL 22. agcada BrorwSmn.as.at wil Pood oo s Aconcagus—_Valpa: 8 2 19 Wright Aeron’ 5 147 118 | Ameriean B e e o0 st fatr sup- | - $EGHE o : ot oo ply, market spotty; lights, 12.10; heavies, | gaies in Gristobel—Cristobal - - 11.90 to 12.10; medium, 12.35; roughs, ds. utschland_—Hamburs 7.50 to_10.30; light pigs, 10.25; pigs, - f B .24 mr._ neig 11.30; Western ‘hogs, 10 to 15 higher % than quotations. Calves—Receipts, 450 head; moderate © n Lead. Mi 3 supply, market steady; calves, 5.00 to " . o 15.50; extras, 16, : e sTharen Hay and Grain Prices. Bt mico8an o ‘Wheat—No. 2 red Winter, qlrlicky, spot, 1.27%2; April delivery, 1.2715. Corn—No. 2 export, April delivery, no e [oivinteistoregietateteteistotes S e s Ba BnEe HATS Stetsons, '‘Beau Geste" and Rob- inhoods. Buff for SHIRTS Super quality White Broadcloth SEEEasEbbEb) 23333 b 8 OUTGOING STEAMERS. SAILING TODAY. quotations; No. 2 yellow, domestic, spot, 1.09; cob corn, 6.00. Oats—No. 2 white, domestic, spot, 6012a61; No. 3 white, domestic, spot, 5812859, Rye—Nearby, 1.10a1.15. Hay—Receipts, none. While arriving here in limited quantities only, it is more than ample for the demand, which is being supplied mostly by truck from nearby points, a few carloads’ be- ing received. There is not enough busi- INDEPENDENT OIL STOCKS. le,:lln—riymcuth. Cherbourg and Bremer- aven. Rellance—Cherbours, Southampton and Ham- ri. Tivives—Kingston, Pusrto Castilla, Tela, n. Puerto Barrios and Belize. Examelia—Ge: §acsndaga—Antwe r North—8t. John's. i ‘Toltec—Porto Cortez. BAILING TOMORROW. Ancon—Port au Prince and Cristobal. Binaia—Madeira, Oran. Su}fnm. Constanza, Jaffa, Beirut and Marseille. -Havre, Rendoandiand5t. John's. A Single Error may affect Your own Home Shirts (with col- lar or neckband). 81.79 3 for $5.25 —a modern Budget Charge Account Service. A Our Great Cherry Blossom Special Tan Suit, Olive for Gray Suit, Pearl for Blue Suit. $4 56 38.50 ness passing to establish prices on the various. kinds on merit at a range of )lis.flouc.no per ton of timothy or clover ay. Straw—No. 1 wheat, 12.00212.50 ton; No. 1 oat, 12.50813.00 per ton. & SILVER QUOTATIONS. NEW YORK, April 15 (4 —Bar sil- wver, 55%; Mexican-dollars, 41%. London Again Talks Subways. HUNDREDS OF THIRTY-FIVE-DOLLAR BAILING WEDNESDAY, APRIL 17. Aquitania—Cherbourg and Southampton. T Karisruhe—Galway, Boulogne and Bremer- It is so easy to make a mistake in eopying records when men- tally fatigued. Transposed figures, misspelled names, omitted lines, any one of these may vitally affect the real GLOVES From Mexico— Two-Trouser Suits e oy Calf Skin — Soft ° A superb selection of all that's new and wanted and Pliable. 53.50 and s5 in Men's and Young Men's Spring Suits—every suit with Two Pairs of Trousers. $2.50 Belt kle and e Combination Complete * aven BoudonngieGoruns and Bordesur. Tachira-—gan Jusn, La Guasra, Curaceo and :“; Hoosevelt—Plymouth, Gherbours a X otape; 3 bal, _Cartagens, ey Colombia. :ngflllo':u aaiuiesen Paul 'acific Coast. Ban Prancisco—Buenos Aires. SAILING THURSDAY, APRIL 18, American Trader—London. e St S, Syt uibo—Havans, Cristobal, Callao and San Jacinto—Havans, Progreso and Vers Oruz. and to Domingo. g R RS SAILING FRIDAY, APRIL 19. Providence—Ponta Delgada, Lisbon, Naples, Pats and Marseille, o B, motr. T P A we P, Stow: _:._.‘;‘:.m.... | w2 Ji Santos, o Lesion-_Rio de, Janeiro, Montevideo and SAILING SATURDAY, APRIL 0. lasgow. h 'Eug nd London. rg, Southampton and o " NECKWEAR Famous Trojan, Londonderry and “Beau Geste" Cravata. Many imported from Austria, France and Switzerland. New Spitalfields, small figures and stripes. 81 % 53.50 83 & %; §§§s§§§ 25 v' - T 2255 §§’3 i a2utEavas = SSF 00000 g3 o 5 . L ReSRR SO = HOSE Interwoven and Duakill. Bt ized Colors— Jacquards, Radio Stripes, Plaids, Clocks. 50°75°°1 353358 .<¢¢II¢ § & _g:;sa Capitol Title & Guarantee Company 1425 Eye Street N.W. Representing New York TITLE AND MORTGAGR ANY g2 wsd 85 it street traffic in order to get st those Tripping Tuxedos 329.75 Silk Trimmed Hand Tailored Tempting Topcoats 31 9.75 Silk Trimmed Worth $25 Money's Worth or Money Back S D, J. KAUFMAN R i T e, mbeaioni et =5 Cherry Blos- som “Blues” $35. $40 $45 ANl Models—AN Sizes Values Supreme Colonial Ball in Berlin. Although Germany’s colonies are a subject of glories, the annual “Co- lonial Ball” was ane of the brilliant so- clety events of Berlin this season. Bar- , wife of a for- : recaived 3u5es! TS FER Sgesss gnBeSEREE sosn =t 8828 SAILING City of Columbus—Ssvannah. -