Evening Star Newspaper, May 2, 1929, Page 13

FINANCIAL.S FINANCIAL. THE . EVENING STAR, WASHINGTON, D. €, THURSDAY, MAY 2, 1929. EASTERN RAILROAD MIDWEST SEEKING ‘SITUATION CONFUSED ————————'| AVIATION INDUSTRY | Report That Pennsy Is Friendly to| Jcr Are being placed by leading chale | Many Cities Compete for New enterprises for early Fall deliveries of | Wabash Proposal Ts Un- fabrics, house furnishings and certain Plants—Advantages in confirmed. , Location Cited. ” . Received by Private Wire Business Notes Direct to The Star Office STANDARD OIL ISSUES AND FOR- |NEW,YORK CURB MARKE BUNHNUE A[]VAN[’;[A’?,.r dreds, D OUTTRARR Lo, 1 I Norade avae it 48 4 AR RS IRRTES STock: { i undreds «. Clogs i e 3 {RIES—STOCKS Zl“;\c“r:xsut Prod v rfi'n a&' cs_. "O?l "Sr‘qu ik 125 135 BY KENNETH S. VAN STRUM. 1 Aero Sup M A Fis " 4 Gy 2 . g B 1P A 11 Agta Ansco 8 &1 15 200 : 87| NEW YORK, May 2—Few companies b 15 Aane I Quiboartt Motors B have shown steadier progress in the 19'z 18 past seven years than the two leading 0 Profit-Taking Causes Reces-| =i Aitncer mmduiris jo2 38 38 °| - apar e L i sions in Issues Bid | types of clothing. The size of the business is reported to be so large that several of the orders have been split among {Wo or more manufactusers. de‘ producers ol fflmm Chicle ‘have ncreased year by vear and | “’NEwy YORK, May 2—The surprising | veaton, Opders. have. 4 ‘&‘.'Kia“ull bk S o 2P " = b Special Di: teh t A at present it looks as if this steady | s ;0re of the application of the Wa- | large volume, AU TOR a3 1Pac G & E 1 pf vd llied Pow Lt . il 52ia 522 153 C Penne: ; Inil 838 : llied P & L pfd %d. 44 4 3133 C Penney pfd. ... 8 X X G Gas 61o8 A ‘31 7014 P&L Ist ptd xd 78% 33 Penn Ohio Ed 1 Pas N Gas §1as '38 10112 c 262 2 2Penn O Ed 67 pid mpire O&R 5las '42 9 Allied Pack o....... ol i k 3" 3 530 93 9034 earnings of Wrigley and _American | special Dispatch to The Star. Up Yesterday. . 5 Penn Oh Ed Opt war 5 Pepn Ohio B 121Pa R R rts wi 16 Pa Road vtc Wi 4 Peop L & P Cor A 18 Betrol Corp 1t prd. growth would continue indefinitely. Wrigley. {shown an unusually steady growth in earnings since its formation in 1891. The William Wrigley (Jr) Co. has| Until 1919 its stock was closely held, | bash Railroad, to be filed with the In- terstale Commerce Commission for merger with the Western Maryland, and presumably with the so-called Taplin roads, is the support claimed for it from the Pennsylvania Railroad manage- | The dry negotiations have been started for the merger of ‘several prominent jobbing houses with annual sales aggregating $200,000,000. district hears that NEW YORK, May 2.—The capture of one of America’s newest and most promising industries has been deter- mined on by the Middle West. The centers of that great section of the country, long identified with the pro- crease in Bank Loans on Securities. 1. 2 11 Nar Elec Co 58 A Regis Paper 3 Nat D Prod 6155 '3 er Landers .. 7Nat Pub Srv 55 Atl Coast Fish rtd... A hulte Un pidy.,.. % I 1Nat Trede J_63 new and others which had gone up violently this week. They’re Going Fast at JORDAN’S Greatest Freshman Sale _Baltimore Markets Bpecial Dispatch to The Star. BALTIMORE, Md., May 2—Potatoes —White, 100 pounds, 1.00a150; new potatoes, barrel, 4.00a7.00; sweet pota- s toes, barrel, 2.00a3.50; yams, barrel, | 3 Quneo Press.. ... 2.0084.00; asparagus, dozen, 1.25a4.25; 35 Curtiss Flying Srv beets, crate, 2.75a3.00; beans, bushel,| 1Dsniel Reeves 1.50a4.50; cabbage, hamper, 75a1.25; 3 D ot carrots, hamper, 2.25a3.50; celery, crate, 58De For R C. : iflow ! 2 Doehler Die €' C. 1.5083,75; caulifiower, crate, 2.25a2.50; ”Dgf“fn’; et 8 s 2 Scint ot 3 Isarco Hyd EU T ;s . G Isotia Praschi 7 8 finam ! GTtal Superp B S Rob Rec 3 1 Juos! SUA B 75 151 I i R Thy 3 Monterideo 65 A '89 Versal Aviat COD. 6s A iV, Piet C 2 Mor BK Chile s '31 NP & L et B 4 Mor Bk Den 55 '12 ix Wk &S 5 3 Muni Medel 7 E '51 ccadaaad i SBpec! Dispatch to The Star S AT SR, but since then there has been an in- | ment. | 1 4 T 2 creasing outside interest in the com-| This has confused the entire East *FINDS MONEY MA duction of raw materials, now have sal- Commonw P A o 3 his has 56 > er astern which hag been bid up rapidly of late, Pl T lied forth into the manufacturing fleld Cyanamid B 30 Bliner_ Bowes P 6e0 26, 280 Tna o & Wrigley was one of the original be-|{men and banke -line | o rs_for the trunk-line - several new icad 4 . i i ing lead in the production of aircraft. Amer Dept Stores 7 7 t & Gamble 5014 363 E ta P 58 '8 i 2 s { Within «;:S last c:ith»t.vmr'% lb“l;as S;})‘fl;l not declared its position in this newest 3 - 9 $50,000,000 on advertising, although it [ development, but it may be stated con- | New York Reserve Discovers In- . in hesponse to the offering of rights an- Amer Meter £ Rainbow Lum i 32 5 S including cities in Oilo, Indiana, Illi- stockholders to subscribe to United Cor- | 33y Amer Superp A 2 Republic Brass War advertising expenditures’ have made | cially shown a friendliness toward the 96 In %t Sercusaietl sarvey 6ad o 1 Amer Super btd of unusual familiarity not likely to mix in with any such| completed and presents cogent argu Both quently eased off. L g 2 Roosevelt 9 3 Aneus Co . : 15 g o ales and earnings have grown steadily | that eventually put a quietus on the foeey 2 Asso Dve & Print...] and in which the Wabash, then con- “ which gave ground with the lone ex- states that “there has been no essen-|plane accessory requirements of the en- tl Frult & Sus. G the Delaware & Hudson. Steady oppo- | Position of the money market” from and some Kansas cities are equally ad- Jarge holder, was down several points ubury Autg Co. : e fectea ‘Inaust 6 Aviation Co of Am 2 13 geltr Prov Stores . 3% 3 3 Niag Falls B 1. one by one, denied the various applica- | which sent the call money rate to 20 |many sections of the South are being Jess huoyant while Irving Air Chute re- | 52 £ o . 20 Nor Texas Util 21 Rabeock & Wiltox..... 130.° 131 3 Sherain falo, Rochester & Pittsburgh, which |duction in call loans, which amounts | Louls outlines what also must prove to hine. a comparatively un-| 33 I ; 32 Bendix Corp n. It is understood that in the tentative | worning on the excessive use of credit | haps the arguments which are deserv- rec: minum Corporation added | 1 Bohack H ¢ Co..... f b ¥ oo 105 k o P R R Sonatron D TR s " 103 = sioner Porter of the Interstate Com- | directly to customers on security col-| Midwest, the favorable climate and the peaks. International Projector was in- AU ROVAILY .. oes g severe business depressions, they have | number as in the original plan drawn | March 20, however, has been $301,000,- | commercial flying. i s 1Southw Dairy Prod 1 Richfid O! 515 rent year of appraximately $2,000,000 2 Buf Niag & E P 3 S0 &t Gom bia 08 : AN e 62 o4 creased five-fold. as railroad managers, are becoming in- | $24,000,000. ing business. St. Louls, for example, Amumber of miscellaneous industrials | 3 Bullard Co ... s ghb.9 25y 2 Stand Inv.. 5 Scripps E W 5'2s '43. 94 United States and three in foreign { for railroad consolidation. While the |carrying securities remains siightly | flyers to the most available airport. Fire Insurance, which climbed to a new . 5 2 1 Starrett Corp 2 2 2 nik 2 Garnation Milk . almost $15.000,000 in cash and market- | pilization not only of prices but of accessibility to power and transporta- Net was equivalent to $15.47 a share on B PARIS SOURSE PRICES. during the year and to $10.31 a share 8 Cent Pub S A A The company has a long record of | rajlroad securities, which is at present | cent rentes, 73 francs 8 centimes. Five il 1 6s pid... i Ofigecede. 13 et SLET 68 mha i 3 Thomps Prod A1 62% 59 8 Soutey e 8 Ao, : ishng A Stand P & were $3.42 and steadily progressed 1o | scores of industrial companies are|centimes. The dollar was quoted at| NEW YORK, May 2 (#)—Bar Silver, : 2Cii 8 PAL 63 pfd Xd A : , $5.70 last year. At present earningsipooming 543 Mexican dollars, 411, into & condition of neglect. Among the 3 City Ma & Tool, 2 1Trans Am S 7 d b 5 3 8. 2,4 |are running ahead of that figure, A which indicates that the $3 regular and movement of the Ford shares. 1 o’ paimol B 23Trl Cont Corp........ 320 3 5 985 100, 1007 067 | are well secured. At 75 the stock yields The most severe effects of the selling 31l Cont Oorp pid,.. 184 5 per cent and sells at 13 times last Grunow, Checker Cab, Union Carbide | 1% Coms Airerati: $Tung Sol L A 1 Union Am Investing. s 7 1 Consol Dairy P : O American Chicle Co., the second 31 Consol Film 12 Union Tobacco. . Bales FOREIGN BONDS. largest manufacturer of chewing gums, 8 Uni Carbon vt in thousands. 7 Consol_Laund s 1Cons Ret Str: 71 Uni Corpn.... 8578 6 Buenos Aires 7' smaller gum companies. The original TR e Soe 34 %3 YeenBoer 38 A R trade names of the products were re- 2 27 Ce & Pr Bk 5';s '37 o 5 Gums, Chiclets, Beeman's, Sen Sen, 2 Crocker Wheele: 1Uni Milk... PR, TR Breathlets and Dentyne. Uni Pit Shar. 20 Cleen M e b r i Uni_Pub Se ; n Mexico and two in the United States, s PAsbesto 2 Ger Cons Mu ;S one on either coast. In Mexico, Guate- Foll B, o 2 11 Hamburg E 8126 38, of chicle-producing land. American Chicle_has not_grown so affairs was necessary. Since then, how- ever, aided by increasing earnings and BY HARRY H. BECKER. NEW YORK ¥ 2.—Active profit | X 3 Ehillp Morris .., taking, espes the case of issues | Coml Alco vic .. 44! 2 Philippe (Louis) B X y : i Commonw P B .. 3 11 Pledmond & North pany, and not long ago a large offering | railroad situation. It is the subject of | : s was counterbalanced on the Curb Ex- | Comw P optl war 1 Plerce Governor. 1111 P&L 5les of new stock was made to the public. | animated discussion among railroad | POS'TION UNCHANGED :geml::;‘ ‘ffi?"‘;flve",‘;‘,fi,;‘f‘imfi’;:},’;' by urgent up-bidding of | ety D o 2 Siipe ] K 215 ‘631; 09 i . 3 | & anamn o e : Plits Eero& it - £ fodisns BOU T 9230 933 flievers in the power of advertising. | systems. So far the Pennsylvania has : This intent has been crystallized into v Americs pery ssules i ; s»: pid 110 0 3 Raxbestos e Eub Ser.be 7 carries goodwill on its books at slightly | fidently that the claims that have been Dol Misouri; Kancas, Nebraskw. snd nounced by the company, permitting its| 1 AMLS & p prd-- 47 Caln : by 3 b L& fs J over six million. Many years of large | made that the Pennsylvania has offi- e e soratlon common at attractive termc.| 21Amer Superp B 3 Reynolds Metal Spearmint, Doublemint, Juicy Fruit| Wabash proposal have no foundation in . he “A” stoc opened on a 10,000 sharr': 435 Amer . Buperp B ris . o6 and PK's chewing gums trade names | fact. Furthermore, the Pennsylvania is :.%‘;"ergsniai lt;hzi\;;;:geah;ss ;nx;l.s::‘; block up more n 5 points, while the 3 Amer S| 2 08 9 Riverside F ) 2 2 ik % 5 4 ) 3 B o e pimeate. tracing | a: :'&;‘:‘; 2,.%?‘2 R i I ; 25,146, 10415 | Fike mosC Well savertieed profucis seneme; | By the Associated Press ments for the location of airplane f n Chil a 5 WoF..; S8.% 19 A R 3 g i vhich the demand is recurrent, v sy1vi vad | = - e location of airplane fac- 1§ Aneus Co vic.... : ] A 9 s 5 It was the Pennsylvania. Railroad | ™ ypw yOREK, May 2.—The New York | tories and air-line terminals in that New Favorites Brought Forward. | 23Ark Natl Gas. if not spectacularly. Even in years of | echeme of L. F. Loree for a fifth system | Federal Reserve Bank, in its monthly | H d hetwoon tidwdler At tha Misslieisint | d by nditi Already Cleveland plants are manu. leaviness was quite pronounced in| 217 Asco Eiec Ind . etween tidewater an e Mississippi, | review of credit and business co: jons, i i the aviation issues, practically all cf | 220 Asse Gos & Bl A and in whic “Wabash, then co facturing the major portion of the air- ; 3 rolle y ree an e 8] alley, " ception of Niles-Bement-Pond. Bendix AN e Rl were to be integral parts, together with | tial change during the month in the | tire Nation Kansas City, Mo.: Chicago V] i I Jeneral Motors is a 1A e s 3 Aubirn e o faoon he To- | the situation which prevailed at the | vanced along certain lines. Indianapolis from ‘ts introductory price. The old B i oA Ry § Select Ind Ine pfd.. terstate Commerce Commission, which, | end of March and resulted in the cgisis | is turning out airplane motors, and Bendix Corporati yares were also | 6 A 2 i & o 8 Aviation Corp........ 48 Serv El Ve ... Nor 250D M6 tions of Mr. Loree to build a new line | per cent. called on for necessary textiles. acted in sympathy with the remainder e L 1 Seton Leather R R into Pittsburgh and to lease the Buf-| The Teview points out that the re-| The survey just completed by St. of the group. : § gl new favorites, Film In- 1Bahia Corp........... was later bought by the Van Sweringens | to $177,000,000 since February 6, when be in some degree the advantages of 63 Bellancw_Airc Vic.... and then sold to the Baltimore & Ohio, | the Federal Reserve issued its first | that city and the whole Midwest. Per- . rioved up sharply on ; P w the best Iprirv on o e i Singer Mfg .......05 5 % 194 K plan of railroad alignment in the East, | for speculation, has been offset by an | edly placed among the highest in this Bohack i b Smith C s : ’ 53 Which has been prepared by Commis- | increase of $284,000,000 in bank loans | Survey are the level topography of the to its former advance while Gold Seal | & Alb R R.. 2 Southeas ¢ L Eleotric old and new both reached new | Tel & P8 8 A S Mmerce Commission, oRly four major |lateral. The reduction in brokerage {reedom from fogs, declared by Col. ight Star Elec A SR e L8 . systems are Tecommended, or the same | loans since they reached their peak, on | Lindbergh to be the greatest danger to fuenced by a statement that current 2 Bright Star Elec B « Eaid S oh 2 3 Potomac Ed 5s E 56 Drers hditate pet profit for the cur-{ 3 Bril-Celancse T TR0 Sty A e $ BRAES bl D shown very small declines. 'In the past | Gp some years ago. 000, and since that time bank loans| Nothing is being overlooked by the Niog & e 1Southw Strs ... § Roch Cent P b 10 years Wrigley's net profits have in- | Holders of railroad securities, as well | on security collateral have decreased |leaders striving for this new and grow- & 000,00 B N &ES 11 Spanish & Gen rcts o iy i J and during 1930 of $5,000,000. 7 Buf Niag A Spanis sen T an. AN 55 g 1 Bullard Co T T N e S O % G an 3, 101 Today Wrigley is a world-wide or- | creasingly discouraged over the constant | “It is clear,” states the review, “that | ready has four aviation fields. Many of continued to stand out on the side of ,LBulova Wateh pfd 2 Btani Mey svensle 3 Schuite R Est 65 '35 X 90 ganization with two factories in the | plocking of all of the plans proposed | the total amount of credit employed in | her buildings are marked so as to direct advance. One of these was Guardian Burma Corp . “ i 5 4 { Busra Clavk 3 sl 3BING SPheosiiil o hServel g0 Dol 5048 81, 81, 81, | countries. It owns the Wrigley Build- | main philosophy of the industrialists is | larger than early in February, but is re- | Factory sites have been provided ad 1~.th for the present movement on the 10 Capi Admin allot ctf. S ing in Chicago free of mortgages. With | toward centralization, and thereby sta- | duced from the high point of March 20.” | joining these airports which will have excellent earnings reported for 1928 2 . sy 37 Caterpiilar Tracior. . E able securities, and with no funded | production, there is a lack of strong tion and about which a workers’ resi- the gverage amount of stock outstanding 4 Celan C Am n pfd. .. Stutz Mot o 35 8¢ 3 debt ahead of the common, the com- | governmental support of the raiiroad dential district may be bullt up. This Foar gL s et v i Switt Intl 1l e th iy H pany’s financial position is remarkably | consolidation idea. , This obviously af-| PARIS, May 2 ' (A).—Prices were |same advancement is shown in the other on the dinrrlra-jgdf capital, flolhwme the 3 o 4 2 3 hi 3 58 * ey 14 | strong. fects the attitude of the public toward | strong on the Bourse today. Three per | cities of the section. two and a half for one split-up. 4 Cent States Elec 9 —_—_——— 1Cent States EI war.. dividends which have been increased | chj | | S chilled tp such a degree that railroad | per cent loan, 100 francs 40 centimes. . 6 |as earnings grow. .Earnings in 1922 |gtocks stand still, while the shares of | Exchange on London, 124 francs 17 SILVER QUOTATIONS: Oils were generally down a trifle and 3 Cent Sta EI conv pfd 131!a B G R Loy ) 5 S g the .mining and metal issues relapsed | 30 Check Csb Mfg...... 7'z 9% 7 e ACh DI RIRCHG ¢ Rk A Sin’ oil moters, Auburn rallied several poinis, 1City Sav Bk Ltd.. r TEsp. but there was very little feature in the| 1 Glark Lighter A....10 e D L s A il T5-cent, extra dividends now being paid 3 Columbia Pictu « V1 x_Saf d. were ‘noted in stocks like Grigsby 2ol Auto Pts cvt pid 31 1‘ 3“, g;ygyg;a;ag;, Ly Vear's earnings. 7Gons Auto Mer Vic 5 American Chicle. Carbid 1Cons Auto Mer pit 292 gmgg N‘Y(? 5“’!‘\ § Consol G Bal s 47 was formed a few years after Wrigley, § Consol Tnstru 5 e Y T with _the purpose of consolidating many 3Cons Theaters vic 1271 Uni ‘ 2 Cont Diamond Piber. 37 : 1Uni Blec Bond 3 Cen B Ger 8 65 B 51 el Seeamting for e (Tl Cf"’ 8 Coobor Bess pid A 33 Uni G Tmp C. & Danish Cons 5ias 3 varlety of brands, Adams OChewlng 2 Copel Prod A . 27Uni Lt & P A 1Eu Mg & 1 7ias 1, Uni Milk pfd. 2 2 The company maintains four factories 1 Uni Plece Dye Wi Hpree St ETe in North America: one in Canada, one 8 Asbestos. a8 48 t 1 6 Finisiy : s A S embury 8 055, mala and British Honduras the com- pany has concessions of 5,000,000 acres uninterruptedly as Wrigley. In fact, in 11922 a readjustment of the company's the sale of common stock, bank loans have been paid off and the prior prefer- cag From ence stock retired. = v La?t, year thg co:r;‘m%n stoc: wl:i: split | £ 1 wo for one:~ On the basis of this new 2 stock, the price has increased from 20 : on Old Radws to over 50 in two years. Since 1923 0 earnings have risen steadily from $1.15 Pi Allowance << anos and Phonos IMPORTANT NOTICE Remember—This set is built ntirely by the Chas. Freshman Co. as a complete unit. Do not confuse it with other outfits which are assembled from a nondescript receiver, installed in a makeshift cabinet with an unknown speaker. 10 DOWN PAYMENTS LONG TIME TO PAY ] ] 33328395 cucumbers, bushel, 2.00a3.75; eggplants, | 4 Dubliier C & R crate, 2.5024,50; kale, bushel, 20a40;| §Durant Mot.. lettaé¢, hamper, 1.25a2.25; lima beans,| 2Burh Dup » pfd bushel, 3.50a4.00; onions,’ 100 pounds, | 3 Duz Co A v 25088.50; Spring onions, 100, 75a100; | 6Ed Bros Store peas, hamper, 3.00a3.75; peppers, crate, | 3203 El Bond & Sn.; I P £ L ctf B n, el 78 &, D50Ras0; " radishes, 100, 1.0082.00; | 5} bet Tndo: e Milk pid 88 1 Nippon” Eicc_8as *53 squash, ~crate, 1.50a3.00; spinach, | SIEIP & P optl war e A 3 . 12Rubr Gas 6as ‘A 53 busiiel, 3021.00; tomatoes, crate, 2.25a iE;_;‘ Pl a B . £ Rumanin Inst e, 09 83 5.25, i i Eng Pub Srv 0 5s G 814s 31 cfs B ‘Abples, bushel, 750200; grapetfutt, | - { Fabrice winish . L Gl box, &0%3.25: omnuesl.zbox. 2.2524.00; Bl Cop . " 3 Rty &'Shas 16 ety t i , 7al2. H We s, s e gondon e 3 Etdernt Water A 5d 18 Whiteniant the R LA & to $415 a share lst year. With the Dairy Market. B3 Pk ok oAb ohs. 5 T e Ot o 2 Silesia_7s '68 : stock at 54, the yield on the $2 dividend 35 .. 3 St Hugo wa Butter—Good to fancy creamery,{ 43 Film Inspec M 4 Wil Low_Cafeter pid 3 Stinn Hugo 15 '46 wa is 3.7 per cent, which is lower than the pound, 45a48; prints, 49a51; blocks, 45a | 2 Fire Assn Fhila T e T e oAb iBle gk 1Swiss Govt Stas '39 yield on Wrigley stock. Like Wrigley, it 50: Jadles. 35030; store packed, 31a33:| 1 Fokker Airp Am. 1¥ates Am Ma b Bid 31 ° 3 3Uni'EL S8 A ww 56 is selling at 13 times last year's earn- m“; 3zgsisdafry prints, 33a34; ProcemS| it BonaF G 'can B 13 26nih Radio g i (Copyright, 1929 butfer, 42a43. P e o an A Rl ‘o e wi-When issued i Pouitry, alive — Spring chickens, n—New R i " % 21 Ford Mot Ltd.. Sales in MINING STOCKS. WW—With warrants. pound, 40245; small, 35a38; Leghorns, 2 Foremost Dairy. .. 14 | hundreds. e CHICAGO LIVE STOCK MARKET :uuai old hens, 34a35; Leghorns, 26a g;:nmg:: ’;:l;r’m"m s ;: emonenclggleng.. . “ . T AP 29: -old roosters, 18a20: ducks, 20a27;| 3 Eorem o AT H S T CHICAGO, May 2 (/) (United States paif, 35840. 3, Prank (H 1a fold Coln «<rvnse NEW YORK, May 2 (Special) —Rains | Receipts, 19, ead, including 3, Eggs—Receipts, 2055 cases: native| g4 £k (RHe N, oY 3 Golden “Cenier M agnin i several States and predictions | direct; mostly 25a35 higher; top, 1170, and nearby firsts, dozen, 29a29%; cur- 2 Gamewell Co 2 Goldfield Cons . of frost throughout the Mississippi Val- | Paid_for around 200 pounds; bulk of rent receipts, dozen, 20a22. i i § Hollleer Q0 -1 A fey as far South as Louisiana stimu. |160-280 pounds, 11.35a11.60; butchers, | Blay SO onls Toow. B AR il ke 90 ! Iated "covering on the " cotion market | BEGCT (5700 0I00 PR T Wheat—No. 2 red Winter, garlicky, 4 Gen Bak pid 15 Mohawk Min today. Prices recovered 40 to 50 points | ;6,750 Dounds, 11.10a11.70; 130-160 spot, 1.21%; April delivery, 1.22Y. 5 Gen Bronze 4 New Cornelia. from low levels of the week. 3 s o, 3 oxport, April delivery, no| ,3Gen Cable wii § Newmont Mining. Liquidation, toward the close left final | DoURdS, 11.35a11.25; packing sows, 907, quotations; No. 2 yellow, domelnuc, epot,| VS H::v:?‘l\:; PR n. : gms: T2 B reints Righor thae 1t ;ou_nd; pigs, medium to choice, 90- 1.0581.06; cob corn, 6.00 barrel, $3n Fab s 9 Norands R ;30 o : Cattle—Receipts, 7,500 head; calves, Oats —No. 2 white, domestic, spot.| $GZh BU2\5¢ giiy Gor 18° 1 o Cop 1 : joSRots were advanced 10 Points 10 receipts, 5,000 head: steer rade steady 60i4a81; No. 3 white, domestic, spat,| 4 Gen K & Dul cor pid 3% S i Al LR £ to weak, slow at week’s 25 to 50 decline Souplts. 3 Gfen ‘Alden Coal.... 139 129" & Enaruek Denn. .. 2 3 Ry Low. Close, |for most parts; in between grades | Bye—Nearby, 1.008110.0 1y is| o3G0l Seal miec 11101 108tand Bily Lead,..- 8 4 3 | July U 1860 predominating, 13.00a14.00; _slaughter Hay—Receipts, none. u:hs Yl 138 Gold Seal Eite n 3 Qctober . 3 | classes, steers, good and choice, 1,300~ arriving here in limited quantities only, R e 1 Tonopah " Min_ . : December 1,500 pounds, 13.25a14.75; 1,100-1,300 1 G orham Mfg . it is more than enough for the demand, : HER ? Jenary : e Which is being supplied mostly by truck | '$ Gramop o' Lid rets 8 8i% o3 i, Verde, Exi. ; 14 | March et patatee e T Bon1s 80: Ted ing received. There is not el -l Gr 1 1155 1131 Vendon - Cop. Dounds, 13.25a15.00. o ness passing to establish prices on the | 2) GresHy g;k“p“fi}u“: 132 a Sales in INDEPENDENT WHEAT CLOSES STRONGER Heifers, good and choice, 750-950 various kinds on merit at a ran']e of o3 Ground Grp Sfioe himGeds. o hifias 2 CHICAGO, May 2 (#)—Frost in|pounds, 13.25a15.00; heifers, good and gsoals.oo per ton of timothy or clover ol Hu‘-‘ra:x’zn? re o Maracaibo e flKansas. gem’:sk: nrl|d ML;wurl @ave | choice, 850 undds‘ down.zézé’lg;ll.lfioz 2 1 e T8O . rmness wheat values today despite | common and medium, 8.25a9.25; low Strav—No. 1 wheat, 120081250 per| 1 Par'nd S4 hsth @ynd’’s bearish_unofficial crop estimates. It/ cutter and cutter, 6.50a8.25; bulls, good ton; No. 1 oat, 12.5013.00. 1 Harttord T & s 71 Cities Serv was figured by Chicago trade authorities | and choice (beef), 10.25a1150; cutter —_—————— e Corp 1110 i ’ §Cit Sery ptd that the domestic Winter wheat yield | to medium, asoa10.35;4vnle6|-§o (milk 9 Hazeltine Corp .. .... 81 Greole Pete . 9 his season would be about 40,000,000 fed), good and choice, 14.00a16.50; me- EASTERN ROLLING MILL. 8 Helena Rubensteli . 2 3 Srown, con 2 bushels more than last year. On the | dium, 11.00a1400; cull and common, BALTIMORE, May 2 (Special).— 3Hiram Walk G & W. ]g(fi;v&? gfir}:& cum pf }ggl, other hand, with the new wheat crop | 8.00a11.00; stocker and feeder steers, Statement of earnings of the Eastern 2 Hiram Walk ris wi .l T8 SO 8037 1303 jointed over a large arca extending as|good and choice (all weights), 12.25a 1 Holt Henry R Rolling Mill Co. for the first quarter of 1 Hoeme GO0 L 5} Houston Gult' Ga far North as Lincoln, Nebr., freezing|13.50; common and medium, 9.50a12.25. 192 5 n 4 4 O aba o o sompasen with| 1 Hoslen Birt Py s 3 (s lemperatures led to Sears of 'consider- | | Shécp—Recelpts, 19,000 head; open; 5 S ygraf . . J £ corresponding three months last year. 6Insur Co N A 2 A P 9 Lone Star G Del Wheat closed stronger, at the same |lambs, 15.25a16.00; ‘shorn kinds, 14.25a Net surplus after dividends and extraor- 4 Inmr Secur ..ooooee it as yesterday’s finish to 7 up, corn vary- | 14.85; no California springers sold and dinary charges and credits, aggregated 31Intl Prod . 2 Mexico Ohlas ing from 7y decline to !5 advance, oats | bidding around 1.00 lower on sheep. §177,983.17, an increase of $33,969.03 as| _ §1ntl Project 1 Mount' cuif a shade to % higher and provisions | Following guotations on shorn basis: compared with 1928 quarter. 2 1!: {::Il g:?seét"nn . 13 Not Puel OB —reonrs 3 53, | ranging from 5 setback to a rise of 17. Lambs, good and choice, 92 pounds As last year was an exceptionally| iqintl Tel & Tel n wi 4 New Bradford 0. . 4 WHEAT— High. Low. Close. | down, 14.00a15.00; medium, 13.25a14.15; profitable one, the report showing 5 Intern Util B ...... e W:;xe‘rfi"ol{f‘"“ 6%, m; .o ”::. B cull and common, 10.50a13.25; medium marked increases for the first three| 11Interstate Hoslery .. i Pandem Ol - Beptember ' Dl T to choice, 92-100 pounds, 13.00a14.75: months of 1929, is regarded as being| 43 Jr¥ing Alr Chute ... § Pantepec Ol e 's | December 1279 125% ewes, medium to choice, 150 pounds especially favorable. 3 Yeterson. Blec 14 RelteP ey o117 e e | Sk o 7John Bean 13 Royal Can O & L. ! July i 4 LR 3.0026.50. 2 Teck Hughes...... November Svomoan S32BRTSE ORIGINAL PRICE BERAEAS 1Jonas & Navmb ' : 2 Salt Ck Cons Septerber SEEKS POWER PERMIT. 2 Jonas & Naumb pfd g8alt Ck Prod . December ...\ 011000 i ; ; 't ¢ # ek iy IS B e T T e 172G Bl ot WOATS SEEKS NEW EQUIPMENT. ) Pty g R rrriyd B SR TR G B DR B = 411 NEW YORK, May 2 () —Union T- $116.50 Power Co. of Baltimore, has filed an ap-| 14 Kolster-Brandes ..... s ETANDARD o EsUES A mENOR Beptember .. Pt 9% eific system s to spend $06,000,000 in - plication with the Public Service Com-| ,§Lackawan ec...... 2B, IBales BTANDARD O e ANRES™ 1aay . o4 93 5 maintenance and improvements this All 350 ~ 3 ission for permission to extend its 3 Lane Bryant.... Ys | 1000 Anglo Am Ofl ....... 18 as g:h;(‘flthr g 8 943 i year, according to Carl Gray, president. owance cctric lines along the State road| 4Lezarus ... 004 A"Q'non vic 14a 147a | SPIGIRET ‘ E 97% | This is an increase of $6,000,000 over own as Solomon’s Island road from | I3feh Coal & Nav 585 | 300 A rowes. 0% it My May 72 | expenditures for the same purposes last [} Anne Arundel County, to 50 Libby McN & L nill 100 Buckeye P L’ 5 R s 2.18 5 215 | year. ‘The budget includes provision ) s Station, Calvert County. Ly Tullp Cup. 33| R0 an 2 1 “Rips. i 50| for 500 new automobile freight cars and oo Tin rois 4 181 p 50Tl P L .- 3 397 May 5 ainy 50 | for the purchase of automobile busses. e % Virginia Electric & Power. MAY PURCHASE INTEREST. RIC B o, ! RICHMOND, May 2 (Special) —The | ypw yORK, May 2 (#)—Financial . . 1 Londs Tin rcts. 2 ondon 500 Imj O Can ... L116% July Twenty-six millions of the entire sum 1Long 1sl Lt.... s v NEW BUILDING WORK. 54 Loulsiana Laiid 128 4mp O Can n'wl . # G 4 i will be spent in Nebraska. NEW YORK, May 2 (#)—New build- 1 MacMarr Stores. 200 Na¢ Trangly : ing and engineering work contracted for| 1 Mancel " Stores. 100 00105l & - coni Tntl Mar. .. 200 Penn Mex ' Fuel es cast of the Rocy Mountains ¢ wire Lond B in the week ended April 26 is valued " M fon ‘Szutn‘n? Shov a 6,670.00 y 55 ¢ Mavis Bottling t $136,670.000, by F. W. Dodge Cor: A My Hostory: il ition. This i an increase of almost| {0 Mecord K. Rt Cash . 3008 O Neb 5 Memphis Natl Gas 6508 O Qlio .. 13 $19.000,000 over the preceding week, 4 by the Virginia State Corporation Com- | fcr the minority shares of General Gas | but about $20,00,000 under the total for 1Mercantlle 8t..-o.. 1073 10714 107% | Beles o, BONDS. rakasion, \\K'hcreby T n ‘capital | & Electric Co, at a price said to be a year ago §Mia West bii g 1y B Abitibl P&P 55 A '83 stock may be increased to 580,000 shares | Approximately the same as it paid for | o P pon - b1t ¢ 11 Ala" Bow 4tas 67, from 480,000 shares. Officfals of the | the majority of the stock recently pur- Mok - it - 2Ala Pow. bs '56 company state that the additional stock | chased from Gas Securities Corporation H Monsanto Chem 5 k ) Morrell () & €5 36 Allied Pk B 39 GOD 19 will not be offered to the public. Pro- | for $40,000,000. 4 Motometer Gaus 10 Alum Co Amer 8s '52. 101} ceeds are to be used for improvements FPETTTELS 1 Murphy G_C. 11 Am G % i and expansion. & Rachtn speii SR8 R Sttt gl 8 s S 3 L . (i NE RK, May . indar MONEY MARKET. Oil Co. of Louisiana has purchased o NEW YORK, May 2 (P).—Call|controliing interest in Southeastern Oil 300 South Penn O . 54005 O Ind 3008 & Virginia Electric & Power Co. has been | ¢ircles understand that Assoctated Gos granted an amendment to its charter | & Electric Co. is soon to make an offer YOU CAN'T GO WRONG WITH A FRESHMAN ALL OF THE LATEST RADIO IMPROVEMENTS New Stock Listings. NEW YORK, May 2 (#)—The New York Stock Exchange has approved the following securities for listing: Two miliion one hundred and sixty- five thousand and eleven shares of $50 Open Evenings for. Demonstrations 1239 G St. Cor. 13th ACAANAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAN | g ‘e Nat Bak pid... 5 Pow & Lt 6s 2016 105's 6 Natl Fam Strs Rad 4'as '47.... 97% par common stock of the Anaconda e e s Al 3 3 Roll Mill 5s '4d.. 97% Copper Mining Co., 34500 shares of 7 1Nat Food Prod B. 0 Sontns 01,100 0 money, steady; all loans, 10 per cent; [ Co. of Chattanooga. per cent cumuiative $100 par preferred | 1Nai Leather ... 801 8128 36w closing bid, 10 per cent; time loans, e shares an ,500 no-par common & . 21 Appal El Pow 5s s z A N R A B T A Bgs Srm; mixed collaterl, 60:90 days, 83| FOREIGN EXCHANGE. shares of no-par common of the 4 Nat Rub Macl 58 Assoc G & E 5iss prime mercantile paper, 59 to 6 per | (Quotations furnished by W. B. Hibbs & Co.) Kelsev-Hayes Wheel Corporation and| 14Nat Screen.... 4 3Asso G & E ur i Vi cent. Bankers acceptances unch Nominal gold Selling checks 857,743 shares of $25 par common stock A N T er & 3AG & E 5as 4 % . ptances unchanged. Nqmisal eold, Seliigx che e e B o} Nat Treater Sup 17 Bates val Bag 6 i ——————— London, pound i 34850 e Owens-Illinols Glass Co. ANII“ "r“B pid.. 3 Bell Tel Can 5s 57 _n 1007 Paris, franc.. € 03907 b il g R 25ur Gen Bl s A 18810014 102 10 DIVIDENDS RESUMED. Brusiels, beiéa p ‘3t # One of the exchange's nimble floor [ ~ fNelson H.,.; 35Cene Bta Bl 8 48 NEW YORK, May 2 (&) —Dividends | Rome, 1o 53 24 traders succeeded yesterday in liquida INCY Tavest A A AT on Yellow Taxi Co. of New York were | 4%rich, franc. o ing 40,000 shares of Columbia Grapho-| 2 N ¥ Tel Go 10 Gii Rys cfs dep 58 '37 resumed today when the directors de- | finarid, | pessta phone within a 3-point range r‘lve L e L AR AT TRCS clared a quarterly payment of 75 cents | Vienna, schilling. ten years ago liquidation of Such &l 182 Nor Amer Aviation. a share, payable June 15 to stock of | Bremse: crowa (a¢ block in a single day probably would br'::;'RmA'Gz li'ulmscc record June 1, placing the shares on a | Warsaw, t: have caused a Tecession of 10 to 30 } orth, Bastern Baw, AL $3 annual basis, dividends were sys- Sopenh -