Evening Star Newspaper, April 30, 1929, Page 13

FINANCIAL. ADVANGE IN CURB SSUES CONTINUES Utilities, Aviation and Other Groups Share in Strong Upturn. BY HARRY H. BECKER. NEW YORK, April 30—Fcatured by | ravid advances in the utility, aviation | in of the high-priced miscel- | Janecus issues, the upward movement | went considerably further on the Curb | Exchange today despite the extreme tight credit situation. There was urgent short covering and | some indication of outside participation. | Only a re! y few issues displayed a | reactionary trend | Among the outstanding strong spots | were Electric Bond & Share and Amer- ican & Forcign Power warrants, in the utility division: Niles Bement Pond and Irving Air Chute in the aviation group, and Newmont, Firestone Tire, Bendix. | Ford of Canada and Humble All the power and light issues were | strong in tone, but most of the excite- ment was furnished by Electric Bond e out at first in a| ha lock, up 5 points at 83, | and continued strong later. } The advance was undoubtedly influ- | enced by the buoyancy of American & | Foreign Power on the big board, which | was communicated to the warrants. In | order to finance recent property acqui- | sitions made for American & Foreign | Power’s account, it is expected that Electric Bond will socn undertake new | ancing, possibly in the form of issu- | nce of additional common stock to | present holders. | Heavy trading was again witnessed | in Associated Electric Industries while Electric Investors, Northeasiern Power, United Light & Power A, Utilities Pow- er & Light and Associated Gas & Elec- tric joined the movement with greater enthusiasm. The oil stocks as a group were higher, but except in Humble, gains were not particularly impressive. Except for Ford of Canada B, the automobile group did nothing important. Ford of Canada non-voting A stock was listed, while a market was also maintained for the issue on the produce exchange. After displaying weakness, the price bounded up several points. NEW TAXICAB FLEETS WILL FOLLOW MERGER By the Associated Press. CHICAGO, April 30.—New_fleets of taxicabs for Chicago, New York and other cities will result from the recent merger of the Chicago Yellow Cab Co., Inc.; the Yellow Taxi Corporation of New York and the Parmelee Co. of Chicago, officials of the Chicago Yellow Cab Co. have announced. Montreal, Pittsburgh, Washington and Cleveland are among the cities in which } the Parmelee Co. plans to establish taxicab concerns in the near future, Thomas B. Hogan, vice president and general manager of the Chicago Taxi Co., said. One thousand new taxicabs for Chi- cago and one thousand three hundred for New York are planned immediately. ‘After that, Montreal probably will be the first city entered by the Parmelee Co., it was said. Emil H. Miller, president and general manager of the Yellow Taxi Corpora- tion of New York, will head the new concern. Charles A. McCullough, chair- man of the board of the local company, will continue as chairman of the Par- melee Corporation. Assets of the new company are given as $10,600,000. Safe Deposit Convention. BALTIMORE, April 30 (Special).— The first annual safe deposit conven- tion ever held in Baltimore will take, place here May 16, 17 and 18. This T the fourteenth annual gathering of the national association, and will be held here under the auspices of the Mary- Jand Safe Deposit Association. A large number of out-of-town guests are ex- pected to attend. Local speakers will include Mayor ‘William F. Broening, Ralph G. Hudson, ‘Waldo Newcomer and Dr. E. Raymond ‘Turner. A number of prominent men from other cities will also address the gathering. Baltimore Markets Bpecial Dispatch to The Star. BALTIMORE, Md, April*30—Pota- toes—White, 100 pounds, 1.00a1.40; new potatoes, barrel, 3.75a7.00; sweet pota- foes, barrel, 2.00a3.50. Yams, barrel 200a3.25. Aspargus, dozen, 1.25a4.25. Beans, bushel, 2.00a4.25. Cabbag hamper, 75a1.25. Carrots, hamper, 2. a3.50. Celery, crate, 1.50a2.50. Caull flower, crate, 2.00a2.75. Cucumbers, | bushel, 2.5023.50. Eggplants, crate, 2.25 a4.00. Kale, bushcl, 20a40. Lettuce, hamper, 1.00a2 Lima beans, bushel, 4.0024.50. Onions, 100 pounds, 2.00a | 4.00. Spring onions, 100, 75a1.00. Peas, | bushel, 1.25a1.75.- Peppers, crate, 2.50 | 4.00. 'Radishes, 100, 1.25a2.25. Squash, | crate, 1.50a3.00. Spinach, bushel, 30a | 90. ‘Tomatoes, crate, 2.50a5.50. Apples—Bushel, 75a2.00; grapefruit, box, 2.0023.25; oranges, box, 2.25a4.00; strawberries, quart, 8a15. Dairy Market. Butter—Good to fancy creamery, pound, 45a48; prints, 49a51; blocks, 45a 9; store packed, 31a32; prints, 33a34; process y, alive — Spring chickens, pound, 40a45; small, 35a38; Leghorn: 34240; old hens, 31a33; Leghorns, 25a | 27; old roosters, 18a20: ducks, 20a27; | guinea fowl, each, 50a1.10; pigeons, pair, i 9 cases; native | 281,329; re- Eggs—Receipts, and nearby fi garlicky, | | | | delivery, 1.21 export, April delivery, No. 2 yellow, domestic, n, 6.00 barrel. white; domestic, spot. 60 | white, domestic, spot, | arby, 1.00a1.10 Peceipts, none. While hay here in limited quantities on more than enough for the demand, | b-ing supplied mostly by truck | arby Dol few carloads | received, There is not enough | < passing to establish prices on jous on merit at TAange 12.00a16.60 per ton of timothy or| o cat. 12.00a12.50 per | 50a13.00. i CHICAGO DAIRY MARKET. CHICAGO. April 30 Jower: reccipt 15997 tubs: extras, 44: standards, 433, s, 42a42!; seconds, 40}z creamer; unchang~d ryoce! extra firsts, | ).~ Butter | ales in undreds. 20 Acoustic Prod . 3 Aero Sun Mf A ris w 4 Aero Sup MI B n wi 4 Agia Ansco 2 Ainsworth Mfe ed P & T 1st pfd 3 Alpha Port Cem... 3 Alpha Port Cem.. Alim Co Amer. [ Alum_Goods Miy 2 Am & For Pow war Amer Bek A Amer Beverage Amer Brit &_C Corp. Am Br Bov EI F. Amer Cigor Amer Cities P&L A Amer. Cit P&L B 25 Am Coml Aleo vic 82Am Com P A 12 Am Com P B 13 Am Com P opil war 56 Am Cyanamid n 41 Am Cyanamid rts 1 Am Crenamid pfd 7 Amer Dept Siores 11: Am Dep Strs 1 pfd A 4Am Ges & El ... Am Laund Mi Li & Trc Nat “Gas Rad ric_ wi Sol & Chem Super pfd 1 Amer Sup 1 pfd 1Am_Thread pfd 1 m Trad 5 A Chil “Nitra 1 Angas Cop pfd 2 = Redio T 45 Ark Natl Gas 17, Armstrong Cark .. i Asso Dye & Print 74 Asso Gas & El A 52 Asso Gas & Ei deb 2 Asso Laund Amer 5 Asso Ravon_pfd 270 Aszo_Elrc : 19 Atl Fruit & Sug 1 Atlas Plywood Cem Mn Tty A 1 Atlas Port 1Auto Vot INDUSTRIALS. High, Low. Close. [ i 4 4074 4974 235 118 17 ax7y 148 04 1Auto Vot M cvt pr pt 2 62 Aviation Co of Am.. 108 Aviation Corp 2 Aviation Credit 1 Bellanca_Airc vic 155 Bendix Corp n 66 Beth Steel rts Wi 45Bliss E W. 4Blrm S H'CCo. o000 & Straiton: . Star Elec B, rill Corn B rillo Mfe kivn City R R ullard Co .. Bulova Watch 1 Bulova Watch pfd.. 25 Burma_Corp o 24 Can Marconi W . 5 Capital Adm_allot’ etf 1Cars & Co A 3 Carnation Milk 39 Caterpil Tract . 2 Caterpil Tract s 7 d. 3 Celan Cor Am. s 3 Celan C Am 1 pfd. 1Cent Atl Sta Ser Vic. 3 Cent Pip Cor §Cent Pib 8 A 8Cent States Ei. 2 Cent Sta El war 2Cent Sta El 77 pid 1Cent Sta El 6% pfd. 4 Cent Sta Fl conv pfd 2 Cent Sta El pfd ww.. 5 Chain Store Stock... 29 Chack Cab Mfe,... . 1Cit 8 P & L 7% ptd. 115 Cleve Clifs Tron 1 Conn-Hall Marx 1 Columbia_Pics_u: 14 Commonwith Ed . i Commonw P pfd.. 6Cons Alrcraft § 7Cons Auto Mer vie.. 1Cons Auto Mer pfd.. 4 Consol Dairy P 62 Consol Film . § Consol G Bali 27 Consol Instru 10 Consol_Laund 3Cons Ret Strs. 1Cons Theaters vie 12 Contl Diamond Fil 22 Gont_ Ca_rts 7 Cooper Ressemer 3 Cooper_Bessemer pfd 1 Copel Prod A 1 Corroon & Rev pfd A 2 Crosse & Black pfd. 1 Curtiss ‘Asro Exo. 4 Curtiss Plying Ser & Daniel Reeves 1Davega Inc R Decca Record 5 Deere & Co... 5 Doehler Die C €. 1. Domin Br Ltd. . 54 Dovelas Afreraft 2 Dubilier C & R. 2 Durart Motor. 1Dz Co A vie... 2Fact States Prw B 1Fdison Bros Str. 2 ¥4 Gen Flec Ttrly. 1150 %1 Rond & Sh.. 2 1 Bond & Sh pi 40 F1 Tnvest Tnc. 2 F1 Invest Inc nfd.... 20F1 P & L optl war. & %m Pow Cor. 4 Evanc Wall Teal 1 Fahrics Finieh, 7 Metals ctf.. @ Ped Screw ... 20 Pederal Water Al 4 Fat stk deb ris. 15 Pilm_Insper M 8 Firestone Tire 2 Foremost Fabrice 125 Fokker Airo Am 1 Foremost. : 814 Ford Mot Co_Can ur JAR Ford M Co C-n n A 51~ Fard Mot Co_(an rts 8 Foundation For A 68 Fox Theaters A 1 Freed Eicen R C 31 Frerch Line B.0. . €2 Freshman Chas ' Co. 2 Gamewell Co Am Tny Rek . Bak pid Bronze Real & Ut Co pf Pt Ink wi.... 2 Glen Alden_Coal. 22 Gold Seal Flec 36 Gold_Seal new 7 Goldberg Store: 39 Gold Seal rts . 4 Goldbere Stores 74 37 Goldman Sachs n 2 Gorham Mfe xd. . 12 Gotham Knithae ‘Mac 11 Gramoph Co Ltd rcts 2 Granite City 8tl. 2 Greent Tap_& Die. 5Grifith D W A.... 10 Grigsby Grunow n 2 Ground Grip _Shoe.; 1 Ground Grio Shoe pi 3 Guardian Fire ... §Hall Printing... 3 Happin C St A 7 Havgart Corp. 3 Helena Ruhens 4 Hiram Walk G & W. 2 Hormel G Cn........ 1Horn & Herd 2 Household Fin pfd.. . & Huvlers Strs of Del.. 1Jndust Financs ctf, 1Insur Co N A 1 Insur _Secur. 2Intl Perfum 47ntl Prod.. 7Intl _Project. 58 Tntl Profect new wi... 11Intl Proj S 10 d.... 2Int’l _Shoe. 140 Tnt! Tel & Tei 1 Intern TH1 A @Intern ULl B 3 Intern UMl war. Interstate Hosiery.. Invesiors Eonitv.... 481 Trvine_ Afr Chute, . 57rv Air Chute 8 7 d. 2 Tsotta Frasch.. 8Ttal Superpow A Jer Cen P&L pfd 2 Jonss & Naumb. 3 Karstadt P one Afreraft ch Co’ 1 Kiein Henry pi pe t Co Wi f 2% Stores Stores id 2 MeMan 2 Mangel 1 Mangel 7 Marcon astey Harrix. . 15 Mavis' Bottling iMcCord R B cifs 10 Memphis Natl Gas 3Merritt Chap & S 1 Mid West U1 17, Mid W Uil 75 pid i Miller (1) & Sons 3 Minne Hon Re 1 Minn St_Mch 32 Missouri Kuns' Pipl (1 Mohawk Hud Pow fohawk Hid war Morrell (1) & Co tomeler Gauge Municipal Serv hman_ Spgfid I Brans Aviation Bak Raneserv t Deiry Prod n 13 1311 15 37 7215 0610 40 43% 31 1 2 D239 Dim 37 73, 3074 4 21 317 18% a1 2114 37% P 5134 18% 100 50 3% 387 7 1047, 9 108 o 80 a1, 2912 i pe i 7778 8 £ ™ prin 2983, i 2R1 3r1a 73 913y a3, 5210 " 19%% 221 2 b 1097 8110 121, A7 anvy 17 215 135 3815 3712 1 4912 4912 21814 2 " 18 160 113 130% 84r 28Y, 2" 106 238 41 31 239 1011 3 i 307 211 3 1 347 5% 1y, 4y om1% A R51% 183, 28! 4 aary 1014 715 el it Jia 2 e 1713 o1} s 17 i T 213, 1283 " 101, 27 1% 1% 21 21 10813 1081, a1, A1 301y a7 anv, 407, 13430 3800 71, " 28 33, 7 Ve 76 5 55 4 2 580 | 13} 31 a4 31 107, 21, 205, » THE EVENING STAR, WASHINGTON, NEW,YORK CURB MARKET 50 Niles Bem Pnd.... 10 Noma_Flec 28 Nor_ Amer Aviaifon 10 North_Eastern Pow 26Nor Sta P A 1 Novadel Agne 10Ohio Brass B.. 2 Orange Crush & Outboard Motors 9 Outhoerd Motors 12 Param Cah Mfg 4 Parmelee Trans 11> Pend D Groc A iPend D Groe B '4d°C Penney & Co +J C Penney pfd.. 3Penn G & ELA.. 10 Benn Ohin Ed.. ... &4 J.Penn O Ed p pid.. 103 30Penn O Ed optl war 40'% 2 Penn 20 102 Penn R_R 15 Penna_ Rd ? 1Peop It & P Corp A 1Perfect_ Circle 17 Petrol Corp 1 pid 59 Phelp Dodge Cor 1 4 Philip Morris 3 1 Philippe Louis A 2 Philippe Louis B 4 Pick Barth & Co 11 Pick Bar & Go 33 Bitney Bowes P i; Pitts & Lake E 3 Pitts Ser & Boli 1Pow Corp Canada 1Pow Sec Cor pfd % Proc & Gamble . 1 Prop Siik Hos Mil 2 Pyrene Mfe s § Rainbow Luminious. . 17 Ravbestos . 13 Reliance B Steel 3 RepettiCandy 13 Reynolds Metai 7 Revnolds Metal pi pi 3, Richman _Bros... 4 Rich B Cum pid.... 34 Roch Cant Power. 3 Roosevelt Field. .. 2 Root Rf_Cv pr pid © Russeks ' 5th Ave 2 Rudd Mg 3 Safe C H m 62 24% 24 6% 161> 8% 47i, 16012 158 850 A B pid 1 1y Safew Strs 2 war... €St Regis Paper.. 4 Schiff "Co........... 13 Schulte Real Esi 1Schulte Un 5c-$1 8tr 1Schulte Un pfd...... 1Schletter Fanders. ... 22% 1 Schlctier Fanders pid 44 35Sec Gen Am Inv 32 1Sec Gen Am Inv pid 112 1 Seeman Bros al 25 Selected Indust Inc " 2 Select Ind Inc pld. 0 831 914 485 13015 8170 Sikorsky Aviation. 88ilica Gel etfs 1Silver T & Bros. 2 Skinner_Organ 3¢ Smith Co (AO 3 Sonatron T, 4 Southeest ~ P&L 5 Southe P&L war.. 2South Asbestos.... 1Sou C E B pfd 18ou CE C pfd. 11 Sou Rovalty 5 Sou Grocery A 3 Southern Ice & U B! 1; Southw Bell pfd.... i Southw Strs 3 6 Spanish & Gen reis 28tand Inv.. 8Stand Mot 1Stand Pow & 1: Stand P & Lt pfd 5Stand Stl_Prop. 1Starrett Corp. 1Stein & Co... ... 17 Stein Cosmetics.. | § Sterlin Sec_pfd allot. 1Stetson J B. 1 Stinnes. "H 18tix Baer 5 Stromb_Carls Tel 5 Stutz_ Mot. 2 Syra W Mach. 1 Taggert Corp. 2Tampa El. 3 Thermoid 18 Thomps Prod 14 Trans Am........ 50 Transcon Air Trsp. 1Trans Lux D L P § A 27Tr Lux DLPSA 5§ 7d 1Travel Air Co.. 3 14 Tri Cont Corp.. 7 Trunz Pork Stores. 1% Tubl Art S B. 4 Tung Sol Lamp 4 Tune Sol I A 1 Union Amer Invest 204 Union Carbide n... 6Union N G Can,. 2 Union Tobacco... ! 7Un Carbon vtc ex rts 2 Un Carbon ris 14 Uni Chem pr pid Lt 1Uni Elec Ser n. 11 Un Corpn pfd 2Uni Drydocks. h . S S & For Sec. reight of Gypsum Lines Inc S Rub Recl niversel ~Aviaiion niv Aviation COD niv Ple C........ til P & Lcti B til P & Ln wh...: an Camp Milk pfd 2Van C Pke 3Van C Pgk 16 Wait & Bond B. 23 Walgreen ; 3 Walgreen wa 3 Watson J W 8 Wayne Pump. 6 West Air_Ex. 8. B oo Ers i Brases. <gggdadacdadad: 1 Western Groce! 1 Westvaco Chlor 5 Westvaco Chlor rts. 13 Whitenieht Inc. 2 Wil Low Ca § Winter B J....\" 11 Wire Wheel ‘Corp. 83 Wright' Aeron. 3 Yellow Taxi 22 Zenith Rad| Selesin MINING STOCKS. hundreds. 70 Ariz Globe C.. 2 Com Tun & D 7 Cons Cop_Mines. 3 Cresson Con_Goil 11 Eng Gold M Ltd T 10 Falcon Lead Min.... 4 First Natl Copper. 23Gold Coin........ 16 Golden Cenier N 33 Goldfield _Cons. 2 Hecla Min.. 3 Hollinger Gold. . 8 Hud Bay Min & Sm. 4Tron Cap Copper. 1Mason Val.... 5 Mason Val 1 Mohawk M.. 4 New Cornelia. .. 34 Newmont Mining 1N J zinc n. 29 Nipissing 28 Noranda 40 Noranda 510hio Cop......0... 25 Premier Goid ‘M1l 1Roan Antclope Cop 2 Shattuck Denn. 580 Am Gold & P 20 St Anthony Gold 4 Tech Hughes.... 9Uni Verde Ext: 10ni Zine Smelt. 4 Unity Gold 1Utah Apex. .. 2 Walker Mine 26 Wendon Cop. 1 Yukoh Gold Sales in hundreds. INDEPENDENT O] 5Am Con Oflfids 6 Am Maracaibo Co 38 Argo Ofl .. 3 Carib Synd 42 Cities Serv 42 Cities Serv n 5Cit Serv pfd .. 1Cities Serv 7" 1Cities Serv pfd ui'r.. 5 Colon 01l ¥ 1 Columbia Synd ... 31 Creole Pete 3 Crown Cent Pete . 1Derby O & Ref . 4 1Derby O & R pid 21 1Emp G&F 7, cum 'pf 95% 2 Fmp G&F 8§ cum pf 108 8Gulf Ol P2 .. . 159 7 Homaokla_Oil s 7 Houston Gulf G 71 Intercont Pet 1Kirby Pet 3 Leonard Ofl ) 12 Lion Ol 3 Lone Star G Del " 52 Magdal Synd ... 7 Mount Guif 4 Mount Prod 3Nat Fuel Gas 1 New Bradford O 2 New Mex Ariz Land.. 1N ¥ Pete Roy ... 3Nor Cent Tex Oil 3 Pac Western Oll 4 Pandem Ol 4 Pantepec OIl 4 Plymouth Oil ¥d ! 3 Reiter-Foster Oil 10 Roval 5 Salt Ck_Prod 2 40 Texon Ol & Lid 1Tid Os O nou-vt | Sales in_ STANDARD OIL ISSUES AND 4| units. PORMER SUBSIDIAR! 1400 Anglo_ Am Ol 66 L STOCKS 50 .50 .5 1004 A O ron vu 400 A1l Lohos 500 Borne Servin o 400 Buckeve P L, 23 501 118} 32 300 Imp O Can 114, 600 Tmp O Can n v 1500 Inter Pet Ltd STOCKS. | 4 | slightly _firmer; 83! D. ¢, TUESDAY., 'APRIL. 30, .1928. r Received by Private Wire Direct to The Star Office 27 Am Pow Rad 41,8 47’ ... Roll Mill 5 48.. Sol B1as '36..... Sol 655 ‘36 q 2 & Lt 65 2016 105% b3 96 2 Boston & M 18 Bell T Cn 5< B 2 Roston Cn Gas 17 Caro P & 1§Caro P & L nt Sta El 1Cent St P&L 5'4s 5 1 Childs 55 '33 aCie St R H 5 41 Cont G&E 55 A i 2 h Denv_& 8alt L 65 ' Det Intl 7s '52.. It Ol Pen 5s '37 If Oil Pen 5s ‘47 i Til Pow & I 5128 18Ind Oil & ‘Gas 65 23 Indnap P&L 5% 22 Int Sec Amer 55 '47.. 88'4 11a Neb L&P 55 A 57 92 17Kop G & Coke 55 '47 99ta 13 Lehizh Pow 6< A 2026 104! 8 Libby McN & L 5< 42 93 7Louis P & Lt 55 '57.. 9315 5 Mas Gas 5ias 46 ... 1041, 2 McCord Rad 65 43 . 937 §Memphis N G 65 '43 9914 P 4155 D '68 ur 98 El Co 55 A '57 99 3 98 8914 10335 2o Rin a ‘44 991, O Ed 65 A 50 ww 1007a nn O E 5550 B 94 on 1t & P S IP:la E P 5038 T 10 Pitts Steel fs 48 6 Potomac Ed_5s ¥ '36 9T 10 Reliance B Sti 65 44 100 & Richnid_ Ol 31, 100 17 Roeh C Pow 55 A '5: 1 Roch C P STD. 12 Sha W&P 415< ‘A ‘67 11 Snider_Pack ‘6 32 21 Soue P&L 65 A 2025 1 11 Sou Cal Ed 85 '51.. 1 15 Southw P&L 65A_2022 1 §Stand P L 6s 57 43witt & Co 5592 24 Thermoid 65 '34 20 S Rub 6las '3i 1U S Rub 635 '35 8 Western P 513s A 57121 4 Western P 5'as ur.. 122 | sates FOREIGN BONDS. in thousands, 755,48 94 i 103% 02 03 99 3 Air Mor B 1 Bank Prussia 6s '30.. 24 Berlin C_E 61,5 ‘59 2 Burnos Alires 7s 52 2 Burmeis & Wain 65'40 5 Cauca Valley 7s '48_ . 16C B Ger 8 6s B '3 2 Com & P Bk 51as '37 1Elec P Gen 6';s '53 7 Frankfort 6'as '53 19 Free St Prus 6s '52 2 Free St Prus 8iss 51 20 Gen Cons Mun 65 '47 € Ital Superpo 65 '63.. 3 Mendoza Tls ‘51,0 8 Montevideo 85 A '59.. 95 ppon Elec_6las 53 0 Grande 7s ‘67 4 Ruhr Gas 65 A 20 Rumania_Inst 7s 20 Russ G 615 '19 ¢ 1Santa Fe City 7s 45 1Santiago 75 49... 5 Sauda Falls 55 A " 10 Silesia 75 '8 5Stinnes H 7s ‘46 wa 10Uni E1§ 75 A Ww 56 xd—Ex-dividend When issued. n—New Ww—With warrants, 5 w2t A CHICAGO, April 30 (#).—With offer- | ings scarce at times owing to recent setbacks of 20 cents a bashel, wheat advanced in price today, especially in | the late dealings. Much of the trade consisted of evening-up of accounts to prepare for first deliveries tomorrow on May contracts. Predictions were made in some quarters that total deliveries of wheat here tomorrow would exceed 3,000,000 bushels. Complaints were re- ceived of to much rain in parts of Kansas, C Wheat closed firm, 14 to 24 net higher; corn varying from 3 off to 12 up; oats, 14 to 3 advance, and pro- visions, 2 to 17 down. Septer Decem| Corn— May July . September | December Oats— Ma: July . September Rye— May July . Eeptember Lard April May July September Ribs— May July [PAINT SALES GROWING; DIVIDENDS DECLARED | The local office of the Sherwin-Wil- |liams_Co. reports that the directors have just declared the regular quarterly 75 cent and an extra 25 cent dividend on the common stock, payable May 15 to stock of record April 30. The regu- lar quarterly dividend of 115 per cent |on the preferred stock also has been voted, payable June 1 to stockholders of | record on May 15. President_Martin reports that carn- ings arc ahead of last year at this tiie, with excellent third and fourth quarter prospects. He also asserts that the fiscal year which ends on August 31 will be jighly satisfactory to the stockholders, BRI S S COURT GIVES VERDICT IN REFRIGERATION CASE By the Associated Press. RICHMOND, Va. April 30.—In an | order signed yesterday the application | of the six line trunk railways for a temporary stay or suspension of the In- terstate Commerce Commission's order reducting refrigeration charges of fruits, vegetables and other perishable prod- ucts from the South was denied by the special United States Court in Equity which heard the plea here April 23. er ber | Line, Baltimore & Ohio, Florida East Coast, Seaboard Air Line, Richmond, Fredericksburg & Potomac and the | Pennsylvania, They contended that some carrying charges should be al- |lowed for the ice in refrigerator cars. Counsel for fruit and vegetable ship- pers contended that the item was an auxiliary service contained in the es- tablished rate. Numerous counsel appeared in the case when it was argued more than four hours here before Circuit Judge John J. Parker of Charlotte, N. C.: Dis- trict Judge D. Lawrence Groner of Nor- | folk and Circuit Judge Morris A. Soper of Baltimore. | POTATO MARKE:I‘ FIRMER CHICAGO, April 30 (A (U. S. De- * i partment of Agrieulture).—Potatoe:— 2 {Receints, 184 cars; on track, 84 new, 342 old; total U. S. shipments, 845 cars. | New stock—Trading only fair, market | Texas, sacked Bliss 4.50a4.75; Florida, barrel, 3 ! Triumphs, » | They have been forced to effect econ- | Brusse The complainants were Atlantic Coast | ! NEW YORK, April 30.—A few years ago investment advisers were using the New Haven Railroad as a classic exam- ple of the dangers of investing all one's money in one stock. Since then all the New England roads have suddenly taken a turn for the better and are rapidly i regaining the investment standing they enjoyed 20 years ago. New England is the most fully devel- oped industrial section of the country, Railroads could not hope to be bene- fited by the growth of new business to| | the same extent as Western roads could. { omies in operations in order to increase | profits, New Haven. New York, New Haven & Hartford is the dominating New England rail- imnd, operating 2,200 miles of road in southern New England, also several steamship lines running between New England and Long Island Sound, a| number of traction ecompanies and a| motor bus subsidiary. New Haven con- trols New York, Ontario & Western, which runs West to connect with the anthracite roads. Besides these inter- ests it has two other subsidiaries, one {of which obtains much of the commu- | tation traffic in Westchester Count; N. Y. while the other travels through | New York City to connect in New Jer- sey with the roads running West and South. New Haven's loss of favor as an in- vestment stock after 1913 was due partly to unprofitable expansion into traction companies, steamship lines and connecting railroads and partly to ris- ing operating expenses, while they were unable to raise rates to meet the rising costs. Since 1921, however, New Haven has | been most successful in cutting ex | penses. In spite of declining total rey {enues, the net income has increased| | from 'a deficit in 1921 to a profit of $8| TITITTIITIT | | i i wi-H20 | CURTIS ME CALL 0 Iy (WERENRETTS SETRVUNTS SRw) 1927 1928 in 1928. That the gain was due chiefly to economies is shown by the decline in operating rates from 91.4 per cent to 68.5 per cent. The officials now say that expenses have been cut to such an ex- | tent that it will be impossible to go much further in this direction, and that further increases in income must come chiefly from new business. Considering that its territory is so highly developed industrially, it is not strange that 47 per cent of New Haven's net income is from manufactured prod- ucts. The products shipped are well di- versified, however, including metal- working, textile, leather, rubber, paper, foodstuffs and chemicals. This part of | the company’s business is fairly stable. | The New York commutation business is | increasing as more sections are devel- oped. The bus subsidiaries are also do- ing fairly well. But the company is! frankly puzzled, however, over the fu-| ture of its steamship and traction in-| terests. H New Haven was put on a $4 dividend basis last year. In the last two years it has advanced from 40 to 100. At this price it yields 4 per cent and -is| earning its dividend by a good margin. | Last year earnings, not including some | subsidlary earnings, were $8. This fact seems to justify a higher rate, especially | since the directors are trying to make | the common as attractive as possible so that holders of convertible bonds will| convert into common. Moreover, a higher rate would improve the financial standing of the company, helpful in case it does some long-term financing. Boston & Maine. Besides New Haven's interest in vari- ous Southern New England transporta- tion companies it owns a majority of the common stock of the Boston & Maine Railroad, which covers central and northern New England. Boston & Maine also operates a bus subsidiary in an effort to retain some of the passen- ger business which has been steadily leaving the railroads. Like New Haven, Boston & Maine has greatly improved its operating efficiency by rebuilding its properties. This work | has entailed great expense, but the re- sults turned a deficit in 1923 to a profit of $8.48 on the common by 1928. In 1927 earnings dropped to 73 cents be- cause of the great costs of reconstruc- tion after the New England flood, but in 1925 and 1926 earnings were $6.92 and $9.01 a share. 1 Although most of the larger economies possible in a section already highly de- | veloped have been effected by this road, there is little doubt that earnings are permanently on a higher level. Because there is a relatively small amount of | common in relation to bonds and pre- ferred, however, earnings are liable to | fluctuate widely. | A plan of reorganization in 1926 which would have helped clear the com- | pany’s indebtedness failed to meet with | the approval of some of the preferred | stockholders who are entitled to back dividends. Arrangements are being made | to pay these cumulated dividends and the way would then be cleared for the payment of common dividends. | Boston & Maine stock is closely held and fluctuates erratically. Its position | has been_improving at about the same | pace as New Haven's, but its price is sometimes as much as 20 points above | er below New Haven. (Copyright, 1929.) FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling che value (or par), _today. : 34.85% ~0301 London, pound Paris, franc . beiga Beriin, mark Reme,’ lira D Vienna. schilling. Budapest, pengo. .. Prague. crown (nom.).. DIVIDENDS. Corporation. Period. Rate. Pavable. Bucyrus-Erie Co Q $.25 July 1 Do. conv ptd.. Q 82':July 1 Do. ptd Q@ 175 July 1 May28 Hollinger,’ Conisol old Mines... Mo 05 Mav20 May 3 Merrimac Mfe Co Q@ 3.00 June 1 Apr.2) Northern States Pow Co of Wis- consin pid Pure Oil Co Stock of record. | May 29 | May 29 | Q Q 175 June 1 371: June 1 May 20 May 10 GERMAN BONDS AND STOCKS, NEW YORK, April 30 (Special).— Bid. Asked Ger Govt Red Loan with drawing ctfs witached per 100 R M... 55.00 60.00 Ger Govt Red L without drawing ctfs per 1,000 R M_.. 23.00 (Quoted in dollars per million mark; Hamburg 4125 1919 Ly, 25.00 (Quoted i doll er ' thousand German Gen Elect 4125 pre-war German Gen Elect 4125 1919 Berlin 45 pre-war g Hamburg 35, 3'28 & 45 pre-war Hamburg American Line 4%4s. VEGETABLE SUPPLY 1S PLENTIFUL HERE Larger Shipments Arrive From Nearby States and Southern Points. Immense quantities of asparagus and cucumbers were received by wholesalers yesterday afternoon and this morning, the cucumbers from Flordia and the “grass” chicfly from South Carolina, Eastern Shore of Maryland and Dela- | ware. Asparagus was offered at $3 and $4, some of the extra green vegetable, pedi- greed stock from South Carolina, sell- ing as high as $4.50. It was said by dealers that shipments the past few days probably have been greater than at_any previous time. Florida cucumbers, grown in the open, received this week, have been of excep- tionally good size and quality. They found ready sale this morning at $3 and $4 for baskets cf 73 bushels. Hot- house stock sold at $1.25 and $1.50 a dozen. Other Vegetable Receipts. Lima beans, more plentiful, quoted at $2.50 and $2.75 a basket this morning, California peas selling at $4. New potatoes were slightly higher, it | being between season with the Florida and Georgia stock. They were quoted at $7.50 and $8 a barrel this morning. Geo;gh\ potatoes are expected here next week. Increased receipts of tomatoes has resulted in lowering of prices. Many of the originals are green, however, and do not find ready sale, the repacks, ripened stock, selling more freely. Prices ranged from $2.50 to $6. Dealers had plentiful supplies of Spring_greens, radishes, beets, carrots and other small vegctables to offer the retail trade at slightly Mushrooms, not murit in demand, were quoted at 75 cents and $1.25 a basket. Extra_choice quality Florida m"snges‘ were offered the retail trade this morn. ing at $4 a box. Dealers say the fruit was the finest quality Florida product ever offered here. The boxes contained 100 oranges. Grapefruit sold from $2.50 to $3.50 a box. Plentiful supplies of strawberries from North Carolina and a few from Norfolk, Va., section claimed attention of buy- ers this morning. They sold chiefly around 10 and 12! cents a quart, some choice berries selling slightly higher. Pineapples, product of Porto Rico, also claimed attention of buyers, the fruit being of exceptionally fine quality. They sold at $4 and $4.50 a crate. Higher prices -were reported this morning by egg dealers, direct result, it is reported, of deareased receipts of the product of the hennery. Current re- ceipts were quoted at 28, hennery at 30 and 32 and irésh selected stock at 30 cents. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 46a47; tub, 51,a46; store packed, 30a31. Eggs—Hennery, 30a32; fresh selected, Poultry, alive—Turkeys, 35; Winter chickens, 42a45; Spring chickens, 45a50; fowls, 32a34; Leghorns, 30a32; roosters, 22; ducks, 25; keats, young, 60a75; old, 35a40. Dresscd—Turkeys, 35a40; Win- ter chickens, 45a48; Spring chickens, 50a55; fowls, 36a38; Leghorns, 35; ca- pons, large. 50a52; small, 45a47; ducks, 32a33; keats, 80a1.00. Meats, fresh killed—Beef, 22a24: veal, 23a26; lamb, 30a232; pork loins, 33a3: fresh hams, 26; fresh shoulders, 2 smoked hams, 28; smoked shoulders, 17; bacon, 22; ages, 1415a15. 18lec stock—Calv ‘The daily market report on fruits and vegetables (compiled by the Market | 30; current receipts, 28. 15; Spring lambs, eled on the finished cons ity. Raglan lower prices. | lard, in bulk, 14; in pack- | PINANCIAL 19 News Service Bureau of Agricultural Economics) says: Sales to jobbers ex- | cept where otherwise noted. | Apples—Supplies light; demand light, market, steady: barrels, Virginia U. S. | No. 1, 2% inches up, Winesaps, 6.50: U. 8. No. 1, 2% inches up, Winesaps, fine | quality and condition, 5.50a6.00; boxes. | Washington extra fancy Winesaps, 3.00 23.25; small size, 2.50a2.75; bushel bas- Kets, Virginla U. S. No. 1, 215-2% inches Yellow Newtons, mostly 2.25.| (Correction_yesterday’s report, “mostly 150" should have read “mostly 2.25’ Asparagus — Supplies heavy, not cleaned up; demand moderate, market weaker; East Shore Maryland and Delaware, dozen-bunch crates, green, large size, 2.50a3.00; small to rgedium size, 1.50a2.25; South Carolina, Hart, | ville section, dozen-bunch crates, green, |large size, 3.5094.00; medium size, 2.50: [3.00; small size, 1.50a200; few ve large size, 4.00a4.50. | Cabbage—Supplies _libe demand moderate, market firm: South Carolina, | 11;-bushel hampers, pointed type, 1.15a 1.35; mostly around 1.25; barrel crates, pointed type, 2.00a2.50; some ordinary | quality and condition low as 1.50. Celery—Supplies light; demand light, market firm; Florida, 10-inch crates individually washed and precoole: dozen, 4.00a4.50; 6-dozen, 3.75a4.2: California crates mostly around 5.00. | ~“Lettuce—Supplies moderate; demand | | light, market about steady: Arizona, | crates, Iceberg type, 4-5 dozen, 4.00a 450; 6 dozen, 3.1584.00. (Correction | yesterday’s report, 6 dozen should have | read mostly 400 instead of mostly | 6.00.) North Carolina, 5-peck hampers | Big Boston type, some fair quality, | leafy, 75a1.50. | Onions—New stock: Supplies mod- erate; demand light, market slightly weaker; Texas, standard crates yellow Bermudas, mixed, No. 1 and No. 2, 1.75 | a1.90. Potatoes—Old stock: | erate; demand light, market fir | Michigan, 150-pound sacks Russt | Rurals, U. S. No. 1. 2.25a2.35; Penn | sylvania, 120-pound sacks round whites, | | 1. s. No. 1, 1.75a1.90. New stock: Sup plies light; demand light, market slightly stronger; Florida, double-head barrels Spalding Rose, U. S. No. 1, mostly 7.50. Spinach—Trucked-in stock supplying | | market. | | Strawberries—Supplies liberal; de-| mand light, market about steady; North | Carolina, 32-quart crates, various v rieties, wide range prices, 3.00a3.50 few. 400; fair quality, 2.50; poorer low | | as 2.00; Norfolk section Virginia, 32 quart crates and over 60-quart crates, | arious varieties, 10a12 per quart; few | higher. Tomatoes—Supplies moderate; _de: mand light, market slightly weaker: Florida 6s, green, ripes and turning, wrapped, fancy count, 5.00a5.50; few | best high as 6.00; choice count, 3.50a 450; fair quality, fancy county, 4.00a | 450; choice, 3.00a3.50. String beans—Supplies moderate; de: mand moderate, market steady: Florida, bushel hampers, green, flat type, round, fancy, 3.00a3.25; bushel hampers, flat type. | 2.50a3.00; South Carolina, bushel| hampers, green, round and flat, 3.00a| 3.50. Peas—Supplies light: erate. market firm, few sales; North Carolina, 5-peck hampers, 2.50a3.00: South Carolina, bushel hampers, 1.50a 2.00. | Peppers—Supplies moderate: demand | moderate, market about steady; Florida. | pepper crates, fancy, 3.5024.00: slightly decayed, 3.00; choice, 2.00a2.50. Eggplant—Supplies moderate; de mand light, market weaker; Florida pepper crates, fancy. 3.00a3.25. | Cucumbers—Supplies liberal: demand | moderate, market steady: Florida 7 | | bushel hampers, fancy, 3.00a4.00; choice, | 2.5023.50. Beets—Supplies light;* demand light, market steady; Texas, Western lettuce | | erates, bunched, fair quality and condi- | | tion, 2.50. ! Carrots—Supplies moderate; demand | moderate, market firm; Texas, Western | | lettuce crates, bunched, 3.00a3.25. | | _Oranges—Supplies moderate; demand | | moderate, market about steady; Florida, boxes No. 1, medium size, 3.50a4.00. Caulifiower—Supplies light: demand | light, market steady; California pony | crates, 2.40a2. | Supplies mod- demand mod- | | PASSINGOF MONEY STRINGENEY SEEN Mitchell Explains Policy of Bank in Going to Aid of Market. Special Dispatch to The Star. NEW YORK, April 30.—In halting the advance of call money rates by the offer of funds to the market on a rising scale as he did at the end of March and again last Friday, Charles E. Mitchell, chairman of the National City Bank, had no intention, he explained yesterday, of giving the impression that his institution was attempting to peg call money permanently at 15 per cent or any other figure. “It would be impossible.” Mr. Mitchell explained, “to arbitrarily fix a figure of 15 per cent and say that call money above that rate represented a dan- gerous situation. Such a limitation would be strictly academic. “The National City Bank may supply funds to the market at 9 or 10 per cent or at 19 or 20 per cent, but in & time of strained conditions in the money market the level at which the bank would feel constrained to secure funds by rediscounting and offer them to the market would depend upon the condi- tions prevailing at the moment. Reserve Cannot Control, “The Federal Reserve cannot control the supply of funds to the call money market. That is the function of the member banks and an institution such as this in putting funds into the call market is not concerned with the rate at which it lends so much as with the need of preventing a dangerous strin- gency from developing. “At the present time it seems to be agreed that about 15 per cent is the level at which banks feel obliged to ease the situation. It might happen, however, that at another time that level might be much higher, 20 per cent, for example.” » Mr. Mitchell said that he believea that the peak of the present call money squeeze had been passed and that the normal easing in credit after the first of May might be looked for in the next few days. Pointing out that banks still are anxious to reduce their borrowings at the Reserve, Mr. Mitchell said that it would not be surprising to find the | seasonal relaxation of money somewhat less abrupt on the present occasion. Predicts 8 Per cent Money. The carry-over from the money jam of Friday forced the call rate yester- day to 15 per cent, following a renewal rate of 12 per cent. For a time it looked as though the rate would go very much higher and predictions of cail money as high as 25 per cent were current in Wall street. Enough funds to meet the demand finally appeared at the 15 per cent level, however, and at the close of the day money brokers were satisfied that the strain of preparing for the first of the month disbursements had been met and passed. One authority on the money market yesterday predicted a rapid falling off in the demand loan rate and hazarded the opinion that by tomorrow the rate would be down to 8 per cent. As a natural result of the climb In the demand loan rate time money stiffened somewhat yesterday. Bank- ers pointed out that it was only rea- sonable to expect that lenders, seeing call money bring 16 per cent on the floor of the Stock Exchange, hesitated to tie up their funds for a period or time at a materially lower rate. . SILVER QUOTATIONS. NEW YORK, April 30 (#)—Bar sile ver, 54%. Mexican dollars, 41%. Very Exceptional Value has been put into these Glenbrook Suits The qual woolens, wh Worsteds, T Sharkskins—a acter of the will commend of the ich include weeds and nd the char- workmanship them as spe- ity cial at the price— $30 Either vests or Another Edition of These Special Top Coats Smart Tweeds, Homespuns and fleecy weaves; mod- $20 .75 latest lines; trimmed and istent with their high qual- or regular shoulders..... The Mode—F at Eleventh regular model Tatter and Gray effects, in all sizes. 1. Tan Dairy Pro pfd A ‘1 Fam Stre 3 t Food Prod Bl t Mfe & Stores P&L Ts pfd Pub Ser A Pub Ser B Rub Mach North German Lloyd 4'2s.. Krupp 85 1921... .. Dusseldorf 4s prewar. Frankfort a-M 4s pre-war Munich ds pré-wa AE G (Germa A E G (German Ge El Commerz and Privat Bank I .G Farben. . ... i Disconto Gellschuft. .. Berliner Handels Dresdner Bank Deutsche Bank .. 2413 | Spaulding Rose, 7.25a7.50. Old stock— 1024 | Trading fair, market easier on Russets, fa1% | about steady on other stock; Wisconsin, 595 | sacked round whites, 80a1.00; Minne- 1912 1 sota and North Dakota, sacked round 49.¢ [ whites, 75a90; sacked Red River Ohios, 85a90; Idaho, sacked Russets, 2.25a 40; fancy shade higher. 100 Nat _Transit 400 Ohio OIl...... " 600 South Penn O 100 Soutbern P L 35008 O Ind..... 1008 O Kantas 7005 O Ky n. 2008 O Neb. . 2008 O Ohio ... 100 Vacuum Ol ves in lousands. BONDS. 26 Abitibi P&P 55 A '53 5 Ala Pow 53 '58. .. 2 Allied Pk 8s '39 23 Alum Co Amer 5s 5 Alum Ttd 55 48 23 Am Gas & & 55 2028, steady; 33: broile turkeys, 30; du 3333353 roost gees NEW YORK, April 30 (#) —Directors of the American Telephone & Telegraph | Co. tyday offered stockholders rights to | purchase approximately $219.000,000 in | | el Corp st pid.. 1 Nelson H . ey Calit "Ell11700 Newberry JJ... New Eng Pow pfd 13N Y Invest ... 2 New York Merch .6 Niagara Shares 881, Chile is spending $250,000 for farms 102:- |and the establishment thereon of agri- 2012 Leultural xperiment stations to be' 1117 equipped with modern machinery, lab- 96 * oratorics and other essential apparatus. 861% 1021 ] 3 % Darmstaedter Bank Heyden Chem...... Mercur_Bank Vie North German Llove Ausirian A E G ( R. Karstadt. convertible 4': per cent Jargest bond offering in re in the retio of $100 par value for each eix shares of stock held, 5017 5210115 a1, 96%