Evening Star Newspaper, April 19, 1929, Page 13

IV PROFTTANING Industrial Stocks Lead Ad- vance—-Utilities and Oils Are Firm. BY HARRY H. BECKER. Bpecial Dispatch to The Star, NEW YORK, Apri! 18.—The forward movement on the Curb Exchange met with little or no intersuption today, de- spite heayy realizing. The market ab- ' sorbed profi{-taking rapidly, but at the same time speculative operations for the rise were much less aggressive, although they included a wide number of issues and met with considerable success in miscellaneous industrials, utllities, avia- tion and radio issues. b _Removal of U. 8. Steel rights to the big board affected the total turnover, which was somewhat below recent oper- ations. Features on the side of advante included new peaks for Oliver Farm Equipment, Associated Electric Indus- tries, a comparatively newcomer, and Aluminum Corporation. Budd Manu- facturing, which shot up rapidly the day before, went still higher, A gain of substantial size in Zenth Radio followed announcement that. orders representing $22,000,000 at whole- sale prices had been placed a’ a con- vention of distributors. Strength, of Hiram Walker was influenced by favor- able earnings forecasts. Despite an official reassuring statement regarding * dividends, Butler Bros. continued heavy. Utility shares felt the influence of profit taking, but there were no seri- ous reactions. International Telephone & Telegraph new was a strong excep- tion in active demand coincident with a rise in communication shares cn the big board. Electric Bond & Share dis- played firmness, while American & Foreign Power warrants were only moderately helped by estimates that both gross and net earnings are begin- ning to show substantial increases. Realizing also retarded the oil di- wvision, in which little of moment occur- red. Among the aviation stocks Niles- Bement-Pond was in demand, without much influence elsewhere. A few issues were reactionary, including National, Aviation Corporation of America and Keystone. ' Paramount Cab- was reactionary in the face of the report for the first quar- ter showing earnings at the rate of $8 a share. Perfect Circle was steady but inactive following a statement that profits, after taxes, the past three months were 63 per cent ahead of a year ago, while Club Aluminum paid jittle or no attention to acquisition by the company of & 50 per cent interest in the Monarch Aluminumware Co. Balt more‘ Markets Special Dispatch to The Star. , BALTIMORE, Md., April 19—Pota- toes, 100 pounds, 65a90; new potatoes, bushel, 1.2522.00; yams, barrel, 2.00a 3.25; ,sweet potatoes, barrel, 2.00a3.25; asparagus, dozen, 2.50a6.00; beets, crate, 2.50a2.75; beans, bushel. 1.25a3.00; cabbage, hamper. 75a1.25; carrots, bush el, 1.50a1.75; celery, crate, 1.25a2.50; caulifiower, 1.50a2.25; egg plant, crate, 2.50a3.50; kale, bushel, 30a40; lettuce, hamper, 1.5023.00; lima beans, bushel, 3.7526.00; onions. 100 pounds, 1.50a3.00; peas, bushel, 1.25a1.75; peppers, crate, 2.5085.00; radishes, bushel, 1.25a1.75; squash, crate, 1.50a3.00; spinach, bush- el, 60a1.18; tomatoes, crate, 2.0026.00; apples, bushel, 75a2.00; grapefruit, box, 2.00a3.25; oranges, box, 2.25a4.00; straw- berries, quart; 15225, Dairy Market. ood to fancy, Buf creamery, 5a4712; prints, 49a50; blocks, pound, 47a49; ladles, 35a39; store packed, 32a )’ 33; rolls, 33a35; dairy prints, 33a34; process butter, 42a43. Poultry (alive) — Spring _chickens, pound, 46a53; young chickens, 42a45; thin and poor, 25a28; old hens, 32a33; Leghorns, 23a30; ducks, 20a28; guinea fowl, each, 50a1.10; pigeons, pair, 35a40. Eggs—Native and nearby firsts,. free cases, dozen, 27a27%; current receipts, 20a22. Hay and Grain Prices. Wheat—No. 2 ted Winter, garlicky, spot, 1.24; April delivery, 1.24. Corn- . 2 export, April delivery, no quotations; No. 2 yellow, domestic, spot, 1.07a1.08; cob corn, 5.75a6.00 barrel. OQats—No. 2 white, domestic, spot, :gnsoza; No. 3 white, domestic, spot, 582 1. Rye—Nearby, 1.10a1.15. Hay—Receipts, none. While hay is arriving here in limited quantities only, it is more than ample for the demand, which is being supplied m?uy by truck from nearby points, a few carloads being received. There is not enough business passing to establish prices on the various kinds on merit at a range of 15.00a16.00 per ton of timothy or clover hay, Straw--No. 1 wheat, 12.00a12.50 per ton; No. 1 oat, 12.50213.00 per ton. PRGNS A JAPANESE COUNSELOR QUITS GOVERNMENT POST Foreign Office. Adviser's Resigna- tion Is Expected to Relieve Ten- sion Over Kellogg Pact. Br the Associated Press. TOKIO, April 19—Etsujiro Uehara, | . parliamentary counselor at the foreign office, Tesigned his post with the goy- ernment today on his own initiative. Although reasons were not assigned for his action, it apparently was due to an interview with him published in the Japan Advertiser of April 14, in which he attacked -the privy I's oppo- sition to ratification of the Kellogg pact the name of the people.” In the interview Uehara asserted: “Tt is the council whn;h.yh ngmng ge sovereign power of Japan and not the mier.” This was strongly resented the privy council. It was feared the cotineil’s oppositias. ti-governmens end MAIL FRAUD CHARGED TO PROMINENT WOMAN i Dlusht‘er of Late Towa State Sen- ator, Postal. Inspectors SAN JOSE, Calif., April B Tow. iy s as arve nent Iowa fi WAS 8IT( yesterday by Federal authorities on' to defraud. hun 1 ResaSe ¥ e SN mer 28 Amer 7 Amer 1 Anchor 0 Mo ; Froocod piEs ats = oS gsiss - P ¥asesss, Safouantyos S, seuy SRS o 88822555, 28 —s::-;xa*. ! Ty 25 B SRS B ¥ = 2. 5 5 e L "o: PR S R S e 30 i e 200 i 0500 LA D1 S GooPaEasy gEEsE i 53535 o 200! £ 79 et S Pul ent States El 1Cent States El 3 Cent Sta EI conv 'Bi. 1 Gheck Cab Mig 0 & & 3 535, saEs,! ommonw Commonw .8 0 5% She sed zSpus SRR iner . Flying Serv. Inc % 3 16 Hiram Walk G | '8 Housenold Finance pf u | Bales in 3 | thousand EagEesy 6 Noma Ele 44 Norin Fagiern Fow or! stern Bta P A 2 Nor Sta hio Bell T s 232 B SuNs ey 22333528552 o & 238 % & Gamb 18 Pyrene Mfg xd 7 Rainbow Lumi 6 Raybestos .. 11 Repetti Cani § Reynolds e Rieh AR ETAIA A 1 8909 IS0 e @0 R Sagzssiiis 29 SR2R 22 28825 RS kR oA B8RSR AN WSS E £S5k 8;2#33 s 2guRaRs: BER SRR sannsd R RS S i 1 Saaeeann ERgRE= gi 3 Scpiaurie, sues 2 SR E e SR S EEEE RRg wfi:if-fl“!fi ropdof ool SURSIBSE 2o v Eont =y kS eSO TEUE S wrsmromritewosnra e Fal STANDAF! el pSHAYR 50 LR 2al N e~ SpsenonS e S 0 Fees el g o1 &L 8 "5 atineau Pow Laun M: orgla_Pow 53 '67 d Trunk 6%s BB orcnrsasssrston o st ic) * ", Bonsti 3 l ) ERZEE) 20 3k 25288 B 2n 92 722 7 e L ncotrs i Srscnor st S 5 S EH ) o’ 379 o3 Schulte R rvel 2 E 8 '35 x o Del 83 "48 1% 717 35 Sheft 6 9018 912 e Pack; 55, 305 103%.103. uthe s 35 Gal B4 5s.'51.. 10115 101% 1 1014 1014 9! 95 5 BEoass Ofl 5ias, Co 55 5 COTTON IS STEADY IN'OPENING SALES by Steadier Tone at Liverpool. By the Assoclated Press. 5 NEW YORK, April 19.—Cot opened today at an advance of anmuw-mmudpolnn Some sel to 10.80, or about 6 to 10 points net hm' The market was quiet, but wit 2 or 3 points of the best at the end of the first half hour. Private cables said there had been covering, trade calling and some re- buying in the Liverpool market, but added that cloth sales in Manchester were below production and that more looms were becoming idle. - AL RIS .|WHEAT VALUES DROP IN EARLY TRADING| Heavy Selling Causes Downturn. Favorable Weather Reports Hearten Bears. By the Assoclated Press. CHICAGO, April 19.—General sell- ing carried wheat values downward today to below any level heretofore reached this season. Beneficial rains West and Southwest, as well as heavy supplies, with harvest only about two months off, were among the chief rea- sons given. Opening % to 27 lower, wheat prices later showed something of a rally. Corn and oals were also weak, corn starting at 1 decline to % advance and subsequently continuing to average lower. Provisions held steady. In addition to other causes assigned for severe down curves in wheat pric today was news of the collapse of war debt parley. It was pointed out that Liverpool wheat quotations were lower than had been looked for, and 12 | this circumstance, together with heavy 2 | rains promoting a bearish «domestic crop prospect, appeared to be too much of a combination for speculative holders of wheat who had expected to profit on bulges due to farm legislation. Meanwhile, advices were at hand that Argentina shippers were continuing to forward large quantities of unsol wheat to Europe and that supplies abroad were becoming burdensome. On the other hand, various authorities were quoted as saying that seeding operations in the American Northwest and in Canada were meeting with interference because temperatures were low and the ground did not thaw enough to permit work in the flelds. PRSI RPN CHICAGO LIVE STOCK MARKE CHICAGO, April 19 (# (United States Department of Agriculture) — Hogs—Receipts, 15,000 head; including | 212,000 direct; steady to strong wuhl FOREIGN BONDS. S Antwerp City 55 ;s Berlin C E 8 ! s B n—New. ww—With warrants. Public Utilities Special Dispatch to The Star. NEW YORK, April 19.—March gross of Consumers Power Co., a subsidiary of Commonwealth _ Power _ Corporation, amounted to $2,284,233, compared with $2,501,560 in March, 1928. Net after taxes was $1,384,313, against $1,239,504. Gross for the 12 months ended Marc 31 amounted to $31,436,851, contrasted with m:'l‘lj;a.fl}%l in nt:\ewmpm“ rgud!dilvz months, and surplus after - idends was $7,419,243, compared with $5,750,119. Tennessee Electric Power Co., a Com- monWwealth Power Corporation subsid- iary, reports March gross of $1,179,227, against $1,122,292 in March, 1928, and net after taxes of $566,115, compared % | with $527,707. Gross for the 12 months ended March 31 totaled $13,626,112, contrasted with $12,76v,388 in the pre- ceding 12 months, and surplus after preferred _dividends was $2,124,877, 366,879, against $1 FAREMAC POTATO MARKET STEADY. CHICAGO, April 19 (P (United States Department of Agriculture).—|iinay Potatoes—Receipts, 84 cars; on track, 7 new; 165 old; total U. S. shipments, ordinary fair, market round whites, 65a85; few shade higher; Idaho, sacked Russets, 1.70a1.90. Kresge's Net Off. The 8. S. Kresge Co. for the quarter ended on March 31 shows a net in- come of $3,177,981, after estimated Fed: m’fmu’dl d ts, to 57 eferred lend requirements, g:ml a share earned on 5,517,929 shares of common stock. This compares with $2,939,279, or 79 cents a share orr 3,678,620 common shares in the first quarter of N e L PARIS BOURSE PRICES. PARIS, April 19 (®).—Prices were easy on the Bourse today. Three per cent rentes, 73 francs 85 centimes. CHICAGO DAIRY MARKET. CHICAGO, April 19 (#).—Butter, un- i receipts, 9,556 tubs; eggs, 389 cases; extra Thursday’s average top, 11.70 paid for | a load of around 210 pounds; mostly; an 11.30a11.60 market for desirable 160- 300-pound weights. Butchers, medium to choice, 250-300 pounds, 11.15a11.50; 200-250 pounds, 11.15a11.70; 160-200 pounds, 11.10a11.60; 130-1€0 pounds, 10.40a11.60. Packing sows, . 10.10a10.60. _Pigs, medium to unds, 9.25a11.35. pts, 2,000 head; calves, 1,000 head; general market steady, some easiness developing on 1 between ‘ grade steers with welghts: Eastern orders curtalled by impending 7| Jewish hollday; best mixed yearlin 14.75; heavy sausage bulls, up to 10.25. Slaughter classes—Steers, good and choice, 1,300-1,500 pounds, 13.50a14.90; 1,100-1,300 pounds, 13.50a15.00; 950- 1,100 pounds, 13.75a15.00; common and medium, 850 pounds up, 10.50a13.75. Fed yearlings, good and choice, 750-950 pounds, 18.75815.00. Heifers, good and choice, 850 pounds down, 13.00a14.85; common and medium, 9.75a13.25. Cows, good and choice, 10.00a12.00; common and medium, 8.50210.00; low cutter and cutter, 6.75a8.50 Bulls, good and choice (beef), 10.25a11.25; cutter to me- dium, 8.50a810.25. Vealers (milk-fed), good and choice, 13.50217.00; medium, 11.50a13.50; cull and common, 8.00a 11.50. Stocker and feeder steers, good and choice (all weights), 12.00a13.4 e Tiociie.. 13,00, heads. very eep—] pf 8,000 slow_trade indications; 25850 lower on fat laml few loads of desirable clip- pers, 16.00; best woolskins held around 17.75; sheep, 25 lower. Lambs—Good and choice, 92 pounds down, 16.90a17.85; medium, 16.1 17.00; cull and common, 12.25a16.15; medium to choice, 92-100 pounds, 16.00 all.75; ewes, Dot 480050, foeder Jarmis mon, 4. .50, ler lambs, good and choice, 15.00a16.75. o GREAT FAIR OPENS, ‘The Swiss legation reports that once more the Swiss industries fair has opened its gates in the old historical city of Basel. The inauguration took place under the leadership of the president of the fair and the delegates of the federal, state and local government. Moreover, a number of conventions, na- as well as international, are scheduled to be held in that city dur- ing the fair, meking Basel, for a pericd, the center of the commercial world in Europe. CANDY FIRM SOLD. MINNEAPOLIS, = Minn,, .(Ml-’—;‘fhe .a’ N. Oolll.‘n‘!cgm ipolis, candy manuf sold to Peter Paul, Inc, a Delaware corporation, Yormed as a pany for three firms ivalent, after 7 per cent | Mo 8% yield determine | - the ‘price on a . tire as well as on an , invest- mth” JORDAN'SZZRADIO FLOOR SAMPLES Down Payment BIG PRICE SAVINGS ATWATER KENT FRESHMAN KOLSTER SONORA BRUNSWICK—R.C.A. VICTOR COMBINATIONS No Red Tape No Inconvenience Jordan’s Pay Plan ARTHUR JORDAN 1239 G PIANO COMPANY at 13th THE BOYS® SHOP ON THE SECOND FLOOR OF THE P-B STORE Knicker Suits —7Two Knickers to the Suit The price is a bit odd —but the Suits includ- ed at the price are de- cidedly extraordinary in value. Fancy chev-| iots, tweeds, cassimeres —gray and tan shades, in models that will ap- peal to the youngster. Some have the Tatter- sall vests—and both pairs of Knickers are full cut. All sizes 7 to 18 years. Plain Blue Cheviots—each with 2 pairs of knickers—$18.75 o S » Button-on Blouses Plain and fancy patterns. model. Sizes 3 to 10 years. $1.00 and $1.65 Boys’ Pajamas In the new striking patterns; or plain shades. One and two piece. Sizes 6 to 18 years. $1.50 and $2.00 Boys’ Golf Hose Patterns we are showing exclusively. 50c—75c—$1.00 Boy Scout Outfits We are authorized representatives for every- thing included in Boy Scout equipment. Eton collar - Let the Youngsters Pay . " 'Barber Bill a Visit _ He'll cut their hair as it should be cut—and - they’ll have' fun meanwhile with the hobby horses. YOUR WATCH ASTELBERG'S EXCLUSIVE twoyear repair guarantee insures your watc ‘{Ainlt ALL damage. ANY breakage will be replired absolutely FREE of charge. ' We are the only jewelers in the United States giving such liberal ser- vice, in addition to easy credit terms! = \Crom,_the AVENUE ot s NINTH® Two Important Groups of 2-Trousers Suits The P-B Famous Super-Value at 538 ~ P-B Special Production at The feature for your consideration is the remarkable value offered in both. Made to our specifications—and to excel not' only in intrinsic value and fashion interpretation, but also in those character- istics which stamp individuality. Super-Value Suits.are in fancy Unfin- ished Worsteds, Cheviots, Worsteds and Sharkskins;-in grays and tans; and plain blue Unfinished Worsteds, Cheviots and Serges. Single and double breasted; with plain or Tattersall vests. The $50 group includes exceptionally fine foreign and domestic weaves — plain and unfinished worsteds, in the favored gray and tan tones. Single and double breasted coats. With each suit in both assortments there are two pairs of trousers. Street Floor. Top Coats, $29.50 . What influence our prestige has on weave quality and tailoring skill is notably in evidence in this line of Top Coats. Smart in character and exceptional in intrinsic value. ‘Tweeds, Cheviots, Knit- ted Cloths—with raglan shoulders or set- in sleeves, and silk trimmed. Third Floor.