Evening Star Newspaper, May 10, 1929, Page 13

FINANCIALS . CURB SHARES GAIN . INAGTIVE MARKET Many Issues Record Sub- ‘ stantial Increases as Credit Strain Lifts. BY HARRY H. BECKER. 3 i‘vpnm Dispatch to The Star. NEW YORK, *ay 10.—Strength pre- fiominated on the Curb Exchange to- fiay in a buying movement which af- {"cled practically every group and rodght another long list of new high fecords. ¥ Buisiness was on a brisk scale and a goctl part of the increased volume was ‘contributed by new listings, the most important of which were Curtiss Air- port and International Telephone & Telegraph, rights, just authorized. Utility stocks were buoyant and as- sumed leadership of the market under the same aggressive demand witnessed all alonz. There were abrupt upward movements in Electric Bond and Share, which approached the $100 level for the first time since the recapitalization and the issuance of the present shares, and in Electric Investors, the American Superpower issues, Northwestern Power and Southwestern Power. Duke Power was strong in sympathy, but United Gas Improvement, United Light and | Power and Assoclated Gas & Electric were affected to only a minor degree. Buffalo, Niagara and Eastern climed several point. | Of the more recent newcomers, Alumi- num Industries was in urgent demand, selling up more than 5 points to a new peak, but it broke as sharply later. Curtis Airport made its debut above $13 Sgainet the public offering price of | $1250. Some aviation stocks went up quite sharply while others reacted under profit taking. Selling was most effec- tive in the case of National Aviation, while the best gains were registered by Fokker, the Old Bendix, Consolidated Aircraft and a few of the accessory manufacturing shares. A spurt of half a dozen points in Gulf Oil of Pennsylvania was easily the out- standing performance in the petroleum division, in which many of the recent favorites held close to their recent highs. Among the natural gas stocks, Memphis Netural Gas was strong on reported ac- quisition of new properties. Transconti- nental Oil preferred, which has been moving steadily ahead for several days, went to another new high. Listing of another block of Inter-Continent Pe- troleum had no effect on the price. Features in the miscellaneous division included Ainsworth, Sentry Safety Con- trol, Prudential Investors and Yellow ‘Taxi, each at the best level so far. Good demand continued for Gold Seal Electric on the acquisition of a new company, and for Raybestos, which is carrying out a merger with two other companies on an exchange of common "THE EVENING STAR. WASHINGTON, D. €. FRIDAY, MAY. 10,.. 1929 FINANCIAL.) ol Sales in hundreds. 3 Acetol Prod 1Aero Sup M 1 Aero Sup Mf 12 Aero Underw 4 Axfa Ansco 4 Allied Pack 2 Allied 7 L 5Alpla: Porg 1Alum Co Ami 2 Alum Goods 1Alum Ltd 13 Amer” Cities 20 Am Comm P 2 2 Am Cranam! 1 6: 4 2 Amer 8 Amer 3 Amer 2 Amer 160 Amer €8 Amer S 2 Amer 1658 Amer 2 Amer 1195 Amer. Dept Gas & s«cC perp perp Superp Super’ Super 15 Arcturus Rad 660 Ark Natl Ga 4 Ark Nat 1Art Metal Dye & Laund Ravon . & Auburn Auto Au Vot Ma c Aviation Co 6 Aviation Cre 3 Banhia Corp 1Balah & Kat 32 Bendix Corp 132 Berdix_ Aviat 40 Beth Steel.. 2 Bliss E W 10 Briggs 4 Bright Star 1Bruce Co 1Brillo Mf&.. 2 Brist Myers 1Brit-Am Top Mg Budd Mig Tt & 7BuL Niag & IBUfN & 32 Burma Corp 3 Butler Bros. 59 Can_Marconi 2 Capital Adm 7 Capi_ Adm_all 6 Capital Adm 5 Carnation M: 14 Casein Co. 6§ Celan C Am 1Celan C_Am 5 Cent Pip Cor’ 9Cent Pub S 1Ct Sta El 65 8Ct Sta El 2Ct Sta El pf 3 Chain Store. 2 City Mach & 15 Columbia_Pict stocks. Mining and metal issues were quiet and steady. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., May 10.—White Potatoes, 100 pounds, 1.00a1.50; new po- tatoes, barrel, 4.50a7.75; yams, barrel, 2.00a4.00; sweet potatoes, barrel, 2.00a 3.75; asparagus, dozen, 1.25a3.50; beans, - bushel, 1.25a2.75; cabbage, hamper, 65a 1.15; carrots, hamper, 1.50a1.75; celery, ¢erate, 2.50a3.75; cucumbers, bushel, 1.75 43.00; ‘eggplants, crate, 2.50a4.50; kale, bushel;, 30a50; lima beans, bushel, 3.50 84.25; lettuce, hamper, 5021.25; onions, crate, 1.50a1.75; Spring onions, 100, 1.00 #1.15; peas, hamper, 1.00a2.75; peppers, crate, 2.50a4.50; radishes, 100, 1.50a2.00; spinach, bushel, 25a75; tomatoes, crate, 1.75a5.00; apples, bushel, 75a2.00; -apefruit, box, 2.00a3.25; oranges, box, .2524.00; strawberries, quart, 8al5. Dairy Market. Live poultry—Spring chickens, pound, | 85a47; Leghorns, 34a42; thin and poor, 25a28; old hens, 35a36; Leghorns, 28a 30; old roosters, 18aZ0; ducks, 20a25; Juinea fowl, each, 50al.09; pigeons, pair, 35a40. Eggs—Receipts, 2,919 cases; native and nearby firsts, free cases, dozen, 29Y,a291%; current receipts, 20a22. Butter—Good to fancy creamery, pound, 45a48; prints, 49a51; block, 48a50; ladles, 35a38; rolls, 33a35; store packed, 31a32; dafry prints, 33a34; process butter, 42a43. 3 Hay and Grain Prices. Wheat—No. 2 red Winter, garlicky, spot, 1.07%; May delivery, 1.07%. Corn—No. 2 export, May delivery, no quotations; No. 2 yellow, domestic, spot, 1.02a1.03; ‘cob corn, 5.50a5.75. Oats — No. 2 white, domestic, spot, | 59a60; No. 3 white, domestic, spot, | 57a58. | Rye—Nearby, 1.00a1.10. Hay—Receipts, 10 tons, While hay is arriving here in limited quantities only, it is more than enough for the demand, which is being supplied mostly by truck from nearby points, a few carloads be- ing received, There is not enough busi- ness passing to establish prices on the various kinds on merit at a range of guons.oo per ton of timothy or clover y. Straw—No. 1 _wheat, 12.00a12.50 per ton; No. 1 oat, 12.50213.00. Public Utilities Special Dispatch to The Star. NEW YORK, May 10.—The report for the year ended March 31, 1929, of Scranton-Springbrook Water Service Co. ghows gross revenues of $5,124,155, compared with $4,235,469 for the year before, and gross income after expenses and erdinary taxes of $3,422,012, con- trasted with $2,564,566. First quarter gross of Central Power Co. amounted to $319,968, and balance was $66,567. For the 12 months ended March 31 gross amounted to $1,331,612 and balance was $313,187. New Securities By the Associated Press. NEW YORK, May 10.—New securities offered today include $8,370,000 Chicago, Milwaukee, St. Paul & Pacific Railroad Co. equipment trust certificates to ma- ture June 1, 1930 to 1944, inclusive, to yield 5.75 to 5.05 per cent; $2,000,000 American States Public Service Co. 6 per cent convertible gold debentures, series A, due 1939, at 975 and interest, o yield about 6.35 per cent; $1,765,000 41, per cent bonds of Albany County, N. Y., due May 15, 1930 to 1959, to yleld from 5 per cent to 4.05 per cent, ac- cording to maturity, SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Allis-Chelmers Co. 55 1937..... 934 Aluminum Co. of Amer. 5s 1952 101 . Tel, & Tel. Co. 45 1929 99% Batayian Pet p. 41,5 194 Bell Tel. of Canada 5s 1955.. California Pet. Corp. 5'as 1938. Canadian Nat. Rwy. 4'as 1030 Canadian Nor. Rwy. 4135 1935. Ghesa. & Ohio Rwy 4'2s 1950 Chicago Rock Isiand 4s 1934. Chile Copper Co. 55 1947 2 Cudahy Packing Co. 5'as 1937 967 Edison EL 1l Boston 4%s 1930 98!, on. Mot Accep. Corp. 68 1937. 10112 eneral Pet. Corp. 55 1940, 100 Goodyear T. & R. 5s 195] Grand_Trunk Canada 65 i Gulf Ol of Pa_ 55 1937 umble O1l 5 1632, nternat. Match C Oregon_ Shore Line Pure Oil Corp. ‘51,5 1937 Shell Union Oil Co 5s 194’ 1 Columb_Au P 107Col G E rts 14 Commonwlith 32 Commonw P. INDUSTRIALS 18 Acoustic Prod Sta_Pub Super pfd 60 Aviation Corp nca_Atrc 1 Caterpil Tract xd 5 Celan Cor Am A 15 31a 2Al: 30 A s 3 2 Aero Sup Mf S n.... 33 Ainsworth Mig : 45 Alexander Tndustries 85 Allied P & L 1Allied P & L ptd 1st prd’ [ 19 Alum Co Indws Mig 212'Am & For Pow war.. PaLA Amer Cit P & L B Am Commonw P A Am Commonw P B optl war dBn 0 Am Cyanamid rts Stores El 15434 b pid . 49 SA 21 166% 165 92 A B h 1 pid rts.. 2 Am Thread pfd 21 Anglo Chil Nitra fo T, 4 Arizona Power s cum ‘pfd Print Elee Ind Elec Ind ' Gas & Elec A S Amer A Sug. .l Co Auburn Au Co 8 s D 2; Auto Vot Mach r pt of Am.. TR 2 cfs vic n fon ‘wil. & ‘Stratton . Elec B e kiyn City RR. v EP.. EPA P pfd. W lot ' cif! A pid 2 Carman & Co B. ik 9 n'pfd.. 1 prd 1Ct Atl Sta Ser vic Al 9 Cent States El 4 Cent States El w ptd. conv_p d ww.. Stock 1Check Cab Mfg. % Childs Co pfd.... ] 4Cit S P & L 7% pid Tool tures.... 3¢ cvt pfd 31 wi & Ed.. pid. 93 Cons Aircraft. 7 Cons Auto Mer 7 Cons Auto M 11 Consol Dairy 14 Consol Film 3 Consol G Bal er pf P. it 52 Consol_Instru.. 6 Cons Theaters ‘vic 7 Con’l Diamon 1 Coopler Bess 7Coped Prod 7 Courtaulds Lt 1 Curtiss Aera 1 Curtiss Reid 1Davega Inc 1Deere & 72De For R C 38 Douglas ~ Alres 8 Dubilier C & 1% Duke Poy. 3, Educat Pict 443El Bond & 280 El Invest Inc. 114 Em Pow Cor. 15 Fajardo Sug 1Perro Enamel 8 Piat stk deb T 7% 241 Fokker Alrp 127, Ford Mot Co 31 Fox Theaters 21 Freshman Ch: 4 Garlock P& 9 Gen 20 Gold Seal El 2 Gorham Inc 1 Gleaner 1 Gorham 5 Gorham 15 Gotham 5 Granite 7 Grigsby 5 Ground 1Hall Lamp 7 Hall Printi 2 Happin C St 4 Hiram Walk 1Horn A C 3 Hou 10 2Insur Co N 4 Insur Secur 63 Insur_Shares 1Intern Util w 11tal Super, 1 Johnson 1Karstadt R 1Kermath Mf 1Klein Henry 2 Knott Co Bros arr Sto 66 Marconi Intl 1 Marion_Stm 13 Mayis Bottli 13] Memp) 5 Merritt Chap 28 Missour] Kens Pipel. 13 Mohawk Hud Pow 15 Monsanto Cl 1 Moore Drop 1 Morrell (J) 1 Nat Da Prod 1 Natl Fam St 1 Nat Food P! ':Nat P & L i Sinclair Crude Oif Co. bizs 1938 98 Btandard Oil of N. J. 55 1046.. 101'4 L. 1r. Mt & So. Rwy 4s 1929 997 St L' Southwestern Ry. 45 1932 9434 Swift & Co 55 193: o i Union Oil Co. of Ci it 971 DUnited Drug Co. 55 1983......0 95% Western Electyic Co. 53 1944 . 10213 ‘Wheeling Bieel Corp. 548 1948, 29 i Nat Pub Ser 31 Curtiss Flving Serv 3 Daniel Reeves ...... 3 Davenport Hos 2 Davis Drug Allot 2Ken-Rad Tube 9 Keystone Aircraft 131 Kelsey Haves 1Kinney Gr n.. 1 Kobacker Siores 10 Kolster-Brandes 1 Koppers Gas&C pf d Fibre. pld A 50 A d . 275 Curtiss Alrport vic wi 13% Exp... 41 267 2812 35 2 2614 317% Alr ptd 3 Noehler Dis G G Taft R 3Ed Bros_Stores a F 2 El Bond & Sh pi 29El P_& L optl 1Em Pow Cor s 7 d 8 Eng Pub Ser opt war. 3 Evans Wall Lead. 2 Fairchild _Aviatn Co. 5 Fandango Corp A. A Tts. 30 Fiat stk deb rts 2 Fireman Fund Ins. Tire. pfd Am rd Mo Co Can B n 96 27888 Ford Mot © Can A n 624 Can rts. 2 Foremost Fabrics. 4 Foundation For A. A as 2 Gamewell_ Co. 3Gen R & U Cor bld. 5 Glen ‘Alden, Coal 5 o 63 Gold Seal El s Goldvers Stores 62 Goldman Sachs 1. a Al 15 Haygart Corp 56 Hazeltine “Corp 16 Helena Rubenstei 1Heyden Chem ..... 1Hiram Walk G & W. 68% Tts Wil le Hershey A Houdaille Hershey B 5 Indust Finance ctf 7 110t "prod. pia . 45 Intl Pmiectnnr' wi 338 Intl Teb & Tel Yis 8 Iitern Ut B. - ar 6 Investors Eaquity 94 Irving Air Chute 7 Intl Superpow A. Jdeb Tt Sl (1 & L. 25% 3620 tt Vheel A & bt pid eovnsts e Sea Baunn S SryenBzsBenenes aunse res 8 Mangel Stores M 18 Marc Wire Lond B Shov 1. ng 3 McLellan Stor A &8 1 Met 5&50c Store pid. 1 Midland Steel Prod 2 Mohawk Hud wal hem . Forg & fd pld 40 Natl Fam Btrs.. rs pid rod A 3 Nat Food Prod B 4 Nat Mfg & Stores s prd. Anve 1Nat Bug R N 9 Nat Theater Bup. 1 Nauheim Pharm. 4 Neni Cor) h. Low. Close. 1514 514 2 NEW,YORK CURB MARKET 1 New Hav Clock.. 1 Newberry § J 1a New Eng Pow pid 1N Orl Gr No RR...! 150N Y Invest. . 3 New York Merch [ 3 N Y Tel Co pfd 10 Niagara Shar: 2 Niles Bem Pnd 2 Noma, Elec e 133 Nor Am Aviat 1 Nor Am Av 8 7d 2 Nor Am Ttil Sec 489 Nor Eastern Pow 8 Nor Sta P A 1 Northam War pf . 2 Novadel Agne ..... . 31 Oil Stocks A . 9 01l Stocks B § Orange Crush 7 Qutboard Motors' A 27 OQutboard -Motors B 1Pac C Bis pf ur . 5Pac G & E1pf . param Cab Mfg Pa_Trans J°C Penney & Co ..l J G Penney pfd ... Ohio Ed Q Ed 6s pfd [ Q Ed p pid n On Ed opt war Ohio Ed B . P & 1 T8 ptd 63 Pen Rosd Cor vic 1 Peop Drug_Btore .. §Peo Lt & Po Cor A 2 Perfect Circle ol Cor 1 pd” ! a0 S Ruuns o & per 8 Phil p Mor: E 1 Phillippe (Louis) B! 6 Pick Bar & Co pfd e Governgr Bowes P Pl Glass P cr & B 20 Prud Ins, 6 Pyrene M 23 Raybestos 6 Rainbow Furn 30 Reliance Bronze’ Steel Repet o Railway 2 Rep Mot Trk ctfs 7 Reymolds Metal 2 Ri oe 1Riverside Barge & M 5 Ritter Dental 22 Roch Cent Power! ! 10 Rolls Royee Ltd 3 Roosevelt Field . 2 Root Rfe Cv pr pfd T ROSS StOres.......... ezis Paper tier Zanders r Zanders pfd chulte Real Est.... hulle Un 5c-31 '8tr c Gen Am Inv 18ec Gen Am Inv pid 2 Seeman _ Bros e 4 Segal Lock & Hard. 20 Selected Indust Inc.. 1. Select Ind Inc ur. ... 4 Select Ind Inc_pid 197 Sentry Safety Control 2 216 Serv El VIC....-ee--- 2 Sheafler _Pen. .. .. 2 Sharon St Hoop n.. 13 Sherwin Wms Co 3 Sikorsky Aviation ca Gel ctfs 4 Siiver 1 & Bros. 1q Singer Mfg .. 3 Singer Mfx Lid 201 Southeass P & ... 1Southe P & L p pfd 2 Southe P & L vic 149 Southe P & L wa 1South Asbestos 2Sou CE A pfd. 1Sou CE B pld! 2 Sou Royalty " 1Southw Dai Prod pfd 2 Spanish & Gen rcts.. 1Stand Pow & Lt 3 8tand Stl Prop ...l 6 Starrett Corp . 1Stein & Co .. 1Stein & Co pfd " 10 Stein _Cosmetics 14 Sterling Sec pfd aliot o Stetson 3 B ........ 1 Stinnes Hugo 5 Stromb Carls Tei . 1 Stroock Co 2Stutz Mot §Swift Intl 1Swiss Am El pfd . 19 Syra W Mach 1 Taggert Corp 2 Tenn Prod . 38 Thomps Prod A! 1 Thomps Starrett pi is Timken De AX pf 10 Tob Prod Expo 3 Todd Ship . 53 Trans Am . 3 23 Transcon Air Trsp 21Tran Lux DL P § 14 Tri Cont Corp 1Tri Cont Corp pi.. 1 Trunz Pork Stores. 3 Tubi Art 8 B 2 Tung Sol Lamp 3 Union Tobacco 2 Unl Carbon vtc 18 Uni Chem pr pf 5 Uni Drydock . 1Unt Elec Bond ris 1Uni Elec Ser n 22 Unf Gas Co. 2 Uni Gas Co 54 Uni G Imp_C, 244Uni Lt & P AL 1Unl Lt & P'B 1Uni Piece Dve Wks.. $0 3 Uni Porto Rican Sug 53 1t ShAT. ..w sy ni Retail Chem Bf '8 Asbestos. S Foil B. S Freignt ol S Gypsum. S Lines iversal Aviation. nE oo L ctf B, i Sales A in hundreds. 1 Ariz Commer, . 23 Ariz_Globe C. .. 26 Carnegie Metais 15 Com Tun & Dr 4 Gons Cop IMines 9 Cresson Con Gold alcon Lead Min. First Natl Copper.. 12 Gold Coin ..... 10 Golden Center M 23 Goldfid Cons 27Hud Bay Min & 'Sm 1Iron Cap Copper.. 1 Mason 1 Min Co 4 Newmont \ 6N J Zinc n. 1 Nipissing 49 Noranda ... 60 Noranda ris 57 Ohio Cap ... 16 Premier Gold M. 4 Shattuck _Denn 280 Am Gold & P. 38t Anthony . 4 Teck Hughes ' 1Tonopah Mm . 3 Uni East Min.. 10 Uni Verde Ext. 5 Uni Zinc Smelt 11 Unity Gold. . 2 Utah Apex . 53 Wendon Cop ... 17 Sales INDEPENDENT OIL ST in hundreds. 14 Am Con Oilfids. . 4Argo Oil.... 12 Am Maracaibo G 1Brit-Am _ Oll 2Carib Synd 31 Citles Serv. 77 Cities Serv. 1 1 1Cit Serv_pfd. 1 Columbla Bynd 2 Cons Royalty 15 Creole Pete 8 Crown Cent ‘Peie.. 13 Darby Pete - & 323 Intercont 1 Leonard 13 Lion Oil_.. 10 Magdal Synd 5 Mexico Ohio’ 4 Mount Guif 1 Mount Prod 1Nat Fuel Gas 7 2 New Mex Ariz Land.. 3N Y Pete Rov. : 2 Nor Cent Tex Oil xd 5 Pac Western Oil 2 Pandem Ol 1 Pantepec Oil 35 Plymouth 01l 6 Reiter Foster Oil 5 Roval Can O & R 88alt CK Prod.. 11 Texon Oll & Land n Loms: R e o 2 Venezuelan_ Pet Woodley Pet. salch BTANDARD OIL. & ales NDARD OIL JSSUES inunits. MER SUBSIDIARIES- 500 Anglo Am Oil . 151 3600 Cont Ol ... 80 Gal 8 O pf 1i ¢od . 3600 Humble O & R - 600 Imp O Can ....0.0 1300 Imp O, Can ‘Wi 3200 Inter Pet Ltd . 100 Nat Transit ... 300 Northern P L 1i " 400 Qhio I ...' ... 100 South Peni 'O 300 Southern P L 38008 O Ind 1008 O Kansds Sales in thousands. 5 Abbott Dairies 6s '42. 1001% 10014 23 Abitibl P&P 55 A '53, 86 " 85% 5Ala Pow 4%3s '87.... 93% 9313 4Allied P 8s 39°C O D 84 83 3Alum Co Amer 55 '52. 101% 101% 3 Am Aggre Cor 65 43 107 mmw 65 Gas & El 5s 2038. 95% Roll Mill 55 48 Seating 65 36 5ol 628 '36 6 Appal El Pow 55 '56. 16Ark P & 1, 55 '36... 96 5 Arnold Pr Wks 65 ‘41 9514 7Ass0o D & P 65 '38... 86 33A8s0 G & E 4155 4 A3 Sim Hard 's! s L4 Received by Private Wire Direct to Thy Star Ofiice Caro P&L 55 '56... Carg P& Ln . Gof G55 C .. ¥ Cent States El 55 Cen St P L 5tis 53 H B 6':5 '3 Comm'w E 4'as D 9 Son G Bal 4%4s '69 G 100’2 ns Pub 624, 26 s A Contl Gil 51ys '37. daby 5s '46 .. dahy 515 '3 Delawar Ei P 5 & Sal Lak Det City G 65 A v G 55 B '50 52 52 .. Dix Gulf G 6125 A 1 Paso N G 6! 5 @ 1471051, 2212 893 E 9E F) Fi G neau Laun Ma 6135 3 2 Hood Rub_5'a 3 Houston G G 9 Libby McN & L 55 1Man Pow 5los A 2Mass Gas 51ss 46.. 10: 1McCord Rad 65 '43 5 Mem Nat " 2Nat P & L 31 Nat Pub Serv Pub Sv 5s 21 Ohio Pow 4 10swego Falls 65 ‘41 5Pac Inves 55 A '48.. 1Pac Pub Ser 6s 4& 8Pac Wn_Oil 6! 1Pen O E 65 A 3 10Pen P & L 55 B 4Peop Lt & P 55 3P E 55 1Phil E P 51 2 Phila Rap Tr 6s 27 Pitts Steel 65 '48 7 Potomac ] 5 Rel B Steel 65 '44 12 Richfield Ofl 5% 68t L Gas&Coke s *47 11 Schiilte R Est 6 35 X 3 Scripps W 51as 143 BSuaw WP 41:5°A '67 ¢ 18hawsheen 7s 31.... 2 Shefr Stl 51us 48 Snider Pack Southe P& A Sou Cal Ed 855 Sou Cal Ea 55 South P&L 05 A 5 South Dai Pd 6135 '3 1 13 15 3 1 5 2022 1013 "38 9913 9814 L 9T 10014 © 100 3 5 Staley Mg 65 ‘42 84 Stand_P&L 65 57 5 Sun Ol 5 17 Swift & 1 Texas Gas 65 48,10 2 Texas P&L 55 '56.... 073 13 Thermoid 6s_'34 10215 7Uni Am Inv 5s A ‘48 10472 10 Uni Lt&Rail 91 4 Uni Li&Rail 13U 8 Rub 6'ss '3 28 Util P&L 53 59 1 Westy Chlor 128 Westn Pow 51a; 20 Wes P 5135 A 5 Wisc Cent 55 FOREIGN 57 s7d 12! 0.5, 0 @ Sales in BONDS. thousands. 4Baden 78 'Sl........ 93 1Bank Pru 65730. 96 5Berlin C E 65 '50.. 01 1 Buenos Aires 75 '52.0 100 6 Buenos Aires Tiss 1013 5 Cuba Co 65 A ‘29 9714 2 Danzig Port 6lus *52. 83 2 Elec Pow Ger 6 0215 1 Frankfort 61ss '53... 912 8 Free St Prus 65 53 7 Pree St Prus 6iss "5i 4 Gelsen Min 6s ‘34 .. 1Hamburg E 5138 "3 2 Hanover Cred 6s 9 1Tsarco Hyd Elec Ts 52 11tal Superpow s '63 ma Re Peru 6'.s ‘58 3 Mendoza 7155 51, ... 1 Mor B Bogota 7s '47 1Mor Bk Chile 6s '31. 2 Mun Medellin 7s E '51 Netherland 6s B '72.. 10: 3 Potrero Sug Rio Grande Ruhr Gas 6'2s A Rumania Tnst 7s '59 Russ G 635 '19 Sauda_Fally 55 A '55. 5Stin Hugo 7s '36 wa 2 Stin Hugo 7s '46 4 8wiss Govt 5la S 100t 1Un E Ser Ts A ww '56 89'2 1Uni Ind 6ios 41..... 8513 2Un 8t Wks 6128 A '47 85 xd—Ex dividend wi—When issued. e With warrants. 1 10 11 3 1 Markets at a Glance NEW YORK, May 10 (#).—Stocks strong; public utilities touch new highs. Bonds steady; values improve with credit easement. Curb strong; utilities buoyant. Foreign exchanges steady; Canadian dollar rises. Cotton lower; realizing. Sugar easy: Cuban selling. Coffee lower; increased Brazillan offer- ings. CHICAGO, May 10 () —Wheat steady; better export demand. Corn steady; increased seaboard clearances. Cattle steady. Hogs lower. COTTON RALLY CHECKED. NEW YORK, May 10 (Special).— Early afternoon advances in cotton prices today on reports of a firmer spot basis and a rather uncertain weather outlook were checked by realizing and the close was net unchanged to 4 points lower, The spot market was 5 points lower at _19.55. Open. Close. 1951 1830 1867 1859 18.75 18.80 18.96 High. 19.43 1864 1877 1872 18.80 18.90 19.07 May . July Octover " October (new). December January March WH—EF IRREGULAR. CHICAGO, May 10 (#).—Steadied by the Government crop report indicating the 1929 domestic Winter wheat crop would be of less formidable size than looked for, wheat prices today showed less violent changes than have been the rule of late. Upturns in price, however, resulted in free selling, and the market had an irregular finish, During the greater part of the day, nevertheless, selling pressure showed a decided let-up, and especially on down- turns to new low-price records. Field advices today were hardly as favorable as of late, and northern export pur- chases of wheat totaled 500,000 bushels. Wheat closed nervous at %4 net de- cline to }2 advance, corn % to 7 up, oats 3 to 5% Off and provisions un- changed to a setback of 2. High. 104 ) b 1 1) b B L Septenber July September December . OATS- Mey July Beptember December . RYE— July © September '[] RIBS— May July Beptember CIGARETTE RATE WAR. NEW YORK, May 10 (#).—Reports current in Wall Street say that an in- crease in cigarette prices, ending the cut-rate war, is in prospect as the re- sult of recent conferences among rep- resentatives of the leading producers. Solution of the problem of chain store competition, which has been sharply felt by tobacco retallers, is also under- stood to be near. —_— Heavy rains have done great damage to highways in Bragll, 5'°=‘ y ] IPOULTRY DEMAND Fish Also Sought by Early Buyerc—Meat Prices Remain High. Retailers were in evidence at Munici- pal Pish Markét soon after dawn looking for supplies of marine products for their breakfast and dinner trade. Others, wanting supplies for only the dinner trade, appeared later. Plentiful supplies of all varieties of fish, crabs and crab) made rushing on part of retaile , receipts the past few da having been heavy and prices cheap. There were very few oyste to be had, the season for the bivaives being practically over. the wholesale meat houses early in the morning, much of the meat buying for the week end trade usually being done Friday mornings. A decided easing of the pork market was reported this morning and it is_thought a material drop in prices will follow in a few days. Demand for Poultry. Meat prices this morning were about the same as prices the past few days, with the one_exception of pork loins, price of loins having undergone a slight | drop. Therc was a good demand for poultry reported this morning. eipts were only fairly heavy, however, and slightly lower prices were reported. Dealers continucd to offer both live and dressed turkeys to the retail trade and direct to heavy consumers at prices much lower than during the Winter scason. ‘Another drop in butter prices was re- ported this morning, while the egg mar- ket continued firm. Receipts of eggs have not been very heavy the past sev- eral days end dealers this morning expressed the belief that some haulers Were holding back for increased prices. Plentiful supplies of vegetables were on hand to accommodate retailers. Some were from nearby and some from distant points. Green corn, asparagus. peas and stringless beans were included Ih the list of vegetables most in de: mand, while watermelons, strawberries and pineapples were the show fruits. for the day and week end trade. Today's Wholesale Prices—Jobbers' Prices Slightly Higher. ‘Butter — One-pound prints, tub, 43'5044; store packed, 30a3l. Eggs— Hennery, 33a44; fresh selected, 32a33; current receipts, 31. Poultry—Alive: Turkeys, hens, 30a32; toms, 25a28; Winter chickens, 42a45; Spring chickens, small, 40a4: 46048; fowls, 33a34; Leghorn: roosters, 20; ducks, 20; keats, 60a65; old, 35a40. Dressed: ‘Turke; 35240; Winter chickens, 45a48; Spring chickens, 50a55; fowls, 36a38; Leghorns, capons, large, 50a52; small, 45a47; 32a33; keats, 80a1.00. ts, frosh Killed—Beef, 22a24; veal, 2; pork loins, 29a30; ;" fresh shoulders, 26 28; smoked shoulders, lard, in bulk, 13a13%2; in ‘packages, 14al14!5. Live stock—Calves, 15; Spring lambs, 18. 30a32; duc Me Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Market News Scrvice Bureau of Agricultural | Economics)_says: Apples—Supplies light; demand light. market steady; barrels, Virginia, U. S. No. 1, 2!3 inches up, Yellow Newtow 6.0026.50; boxes, no sales reported; bushel baskets. Virginia, U. S. No. 1, 2 inches up, Winesaps, 2.00a2.25; U. S. No. 1, 214 inches up, Winesaps, 1.75a 1.85. Cabbage—Supplies moderate; demand moderate, market slightly stronger: Norfolk section Virginia, 1'2-bushel hampers, pointed type, mostly 1.25; few higher. Celery—Supplies light; demand light, market steady; Florida, 10-inch crates, individualiy washed and precooled, 3-4 dozen, 4.50a4.75; 6-8 dozen, 4.25a4.50; 10 dozen, mostly 4.00. Lettuce — Western _stock: Supplies moderate; demand light, market steady; Arizona, crates Iceberg type, 4-5 dozen, 4,0024.50; some fair quality, 3.50a3.75. Eastern stock: No sales reported. Onlons—Supplies moderate; demand light, market about stead: ‘Texas, standard crates yellow Bermudas, mixed No. 1 and No. 2, 1.85a1.90. Potatoes—Suppligs of old stock mod- crate; demand light, market steady. Michigan, 150-pound sacks, Russet Rurals, U. S. No. 1, 2.25, few higher, New stoc! Supplies limited; demand light, market steady. Florida, double- head barrels, Spaulding Rose, U. S. No. 1, 8.00; few slightly decayed, 7.50. Strawberries—Supplies light; demand moderate, market stronger; North Caro- lina, 32-quart crates various varieties, wide range quality and condition, best, 5.0027.00, mostly around 6.00; fair to ordinary quality and condition, small, 2.00a4.00; Norfolk section, Virginia, 32- quart crates various varieties, 6.00a7.00, few higher. Tomatoes — Supplies moderate: de- mand light, market steady; Florida, sixes, ripes and turning, wrapped, fancy count, 4.50a4.75; choice count, 3.5023.75. Watermelons — Supplies very light; demand light, market dull; sales direct to retailers, Florida Tom Watsons, 28- pound average, mostly 1.25 each, few higher. String beans—Supplies liberal; de- mand moderate, market steady: Flor- ida, 73-bushel hampers green, 1.50a2.00, few fancy higher; South Carolina, bushel hampers green, mostly 2.00a2.50; few Black Valentines low as 1.50. Peas — Supplies moderate; _demand moderate, market steady: Norfolk sec: tion, Virginia, bushel hampers large- pod varieties, 2.25: few 5-peck hampers, 2.50a2.75; North Carolina, bushel ham- pers, 1.50a2.00, fww higher. Peppers — Supplies light; ~ demand light, market steady:; Florida, pepper crates fancy, 3.50a4.00; choice, 2.0022.50. Eggplant—Supp! light: demand light, market steady: Florida, pepper crates high bush, fancy, 4.00a4.50; choice, 3.00; few other varieties lower. Cucumbers—Supplies moderate; de- mand light, market steady; Florida, 7 -bushel hampers fancy, 3.00a3.25; choice, 2.25a2.50. Carrots—Supplies light; demand mod- erate, market steady; California, West- ern lettuce crates burnched, 3.25. Squash—Supplies light; demand light, market steady; Florida, pepper crates white, some large size, 3.00a3.50; yellow, mostly 3.00. Beets—supplies moderate: demand moderate, market about steady: Norfolk section of Virginia, crates hotbed stock, 42 bunches, 3.50. Caulifiower—Supplies light; demand light, market about steady; California, pony crates, 1.75a2.25, mostly around 2.00. Corn—Supplies moderate; demand light, market slightly weaker; Texas, bushel baskets, mostly 2.50. Oranges—sSupplies ~liberal demand moderate, market about steady; Florida, boxes medium size No. 1, 4.0084.25. Grapefruit—Supplies moderate: de- mand light, market. steady: Florida, bxes No. 1, medium. size, 4.00a4.25, Seek Government Vessels. NORFOLK, May 10 (Special).—Rep- resentatives of Norfolk and Baltimore interests have presented applications Yo the United States Shipping Board, seeking allocation of five cargo vessels operated by J. H. Winchester & Co,, Inc., of New York, as an outport serv- ice of the American Merchant Lines, the passenger-cargo vessels of which were sold recently. Applications were recelved from Southgate Marine Terminals, Inc., and the Cavaller Steamship Co., both of Norfolk, and from the Consolidated Navigation Co.; Baltimore,: . : LVELY AT RARKET Buyers also were much in evidence at | ‘Business along all lines was reported | fairly good this morning, buying being | 44245; | large, | young, | NNETH S. VAN STRUM. NEW YORK, May 10—Many auto- mobile manufacturers have recently re- turned to their_former policy of buying accessories ready-made from individual manufacturers instead of making them. This fact, plus the general activity in the motor industry at present, accounts for the large current profits which the leading manufacturers of motor acces- sories are showing. American Bosch Improves Finances. The American Bosch Magneto Co. | was /formed n 1919, when the alien property custodian sold the original | company to nmew interests. The com- pany is thus an outgrowth of a_business established in Germany, in 1885, by Robert Bosch. It manufactures electi- cal apparatus for automobiles, as for example, magnetos. windshield wipers, spark plugs, as well as many other ac- | fes, such as shock absorbers, The o y also makes radios. As is typical of the industry, Bosch ngs have fluctuated considerably The company paid no dividends after | 1921, but used earnings to increase the financial strength of the company. In the process, an issue of & per cent gold notes has been retired, bank loans have been paid and accounts payable have been reduced considerably. ‘Today the company is in a position to pay divi- dends whenever the directors feel that earnings warrant. Since 1924 carnings have increased from 78 cents to $5.01 a share in 1928. The recent run-up i nthe stock followed | the publication of earnings for the first quarter of 1929, showing $1.07 a share, 65, the stock is selling at 13 times last | year's earnings. The stock fluctuates {over a wide range. ! Stewart Warner's System. Stewart Warner is one of the oldest and largest manufacturers of automobile accessories, At first the company was primarily interested in making speed- | ometers, but as the automobile industry | developed, it began to manufacture -I"||| STROIMBERG CARBURETOR STEWART WARNER SESEEERY 1927 1928 other products, such as vacuum systems, searchlights, warning signals and auto guards. A few years ago the eompany also_entered the radio business, but earnings from this source have been er- ratic. The company’s most important move, however, has been the purchase of the Bassick - Alemite Corporation, _which makes practically all the high-pressure lubricating _systems for automobiles. The company’s patent pressure system is standard equipment on most cars and is being used by an increasing number of manufacturers of heavy industrial machinery. When this company was 30 of Stewart Warner's earnings. Today it furnishes over 60 per cent, and is still growing rapidly. A few years ago when automobile manufacturers began to equip cars with aceessories, instead of leaving it for the buyer to do himself, accessory manufacturers lost much of their busi- ness. Because of its new interests, how- ever, Stewart Warner was able to show fairly good earnings, pay substantial dividends and improve its financial po- sition by removing obligations senior to the common stock. Today the financial condition of the company is exception- ally strong. Stewart Warner recently split its stock two for one and declared a $3.50 dividend on the new stock. In addition, quarterly stock dividends of 2 per cent were declared for the next four quarters. On the basis of the new stock, the com- pany earned $6.46 in 1928 and has av- eraged $5.28 for seven years, thereby covering the $3.50 dividend by a good margin. However, earnings have fluc- tuated widely and the price of the stock has followed a similar erratic course. At present the yield is about 5 per cent not including the extras in stock. Stromberg in Aviation. ‘The Stromberg Carburetor Co. of America is one of the largest manufac- | turers of carburetors for automobiles. About 75 per cent of its carburetors are sold to automobile manufacturers, while the other 25 per cent is distributed at retail. Following the general trend in the accessory industry, Stromberg be- | gun to manufacture other products, in- cluding windshield wipers, shock ab- sorbers and similar accessories. There was a recent change in the company's management, following which it was announced that many of the less profitable lines will be discontinued. The rew management, representing leading airplane manufacturers, intends to strengthen the company’s position as an Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520K St. N.W. Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and Rf Construction Use e JAMES ion Rates 643 Louisiana Ave. N.W. F. SHEA Guaranteed 6% First Mortgage Notes Secured on Income- Producing Properties in the District of Columbia and Nearby Maryland District National Securities Corp. Suite 303-307 - Telephone Main 2994 District National Bank Building a 200 per cent increase over 1928. At | S | taken over, it contributed 25 per cent | automobile carburetor manufacturer and to push it into the aviation field, where it has already done much re- search. It now makes 97 per cent of the | carburetors used on American made planes. Stromberg recently declared an 87'% per cent stock dividend and also a $3 dividend on the new stock. From the company's past record of earnings, how- ever, it is quite obylous that the man- agement is expecting larger earnings in the future. Earnings in recent year: have averaged only $3.76, or slightl: above present dividend requirements. At the present price of around 100 the stock yields only 3 per cent and is | selling at 27 times last vear's earning: Due to the relatively small floating sup: ply of Stromberg stock it has alwa fluctuated widely. (Copgright, 1929.) UNFILLED STEEL TONNAGE | RECORDS FURTHER GAIN| Ev the Associated Press. NEW_ YORK, May -0—The United States Stecl Corporation today reported that its total unfilled tonnage as of April 30 was 4,427.763, an increase of 17,045 tons over March 31. ! The slight increase was recorded de- | spite the fact that mill operation dur- ing April were at practical capacity. The total on April 30 is 555.630 tons above the unfilled tonnage of that date a year ago. The 4,427,763 tons com- pares with 4410,718 on March 31. 4.- 144341 on February 28, and 4,109,487 on January 31. e METAL MARKET. NEW YORK. May 10 (#).—Copper, steady; electrolytic, spot and future, 18; iron, steady; unchanged; tin. steady: ot and future, 44.62a44.75; lead, spot, New York, 7.00; East St. Louis, 6.7526.80; zinc, quiet; East St. Louis, spot and future, 6.55a6.60; anti mony, 9.00. Construction Contracts Gain. NEW YORK, May 10 (A).—The en- gineering News-Record says that con- tracts let throughout the country in the past week on heavy construction opera- tions were substantially higher than a year ago, due chiefly to the high rate of activity in big buildings. The total for the period, all classes | of work, was $107,287,000, as against $76,449,000 in the corresponding week last year. Commercial, industrial, resi- dential and educational bulldings ac- couted for a little more than 64 per cent of the fire total for the week. Contracts let on heavy construction and engineering projects in the United States since January 1, were valued at $1,608,481,000, compared with $1,232. 851,000 during the same period in 1928. In Nearby Virginia 5 1/2% '“I:I:E:E::e:i .éo. Commonwealth Investment Co. 7 15th St. N. Phone Let us have your applications for LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. 6% NOTES Seccured by First Mortgages Safe—Conservative 42 Years’ Experience in financine homes and in the sale of these se- curities, Make your savings and surplus funds work for you at the highest-inter- est rate consistent with absolute safety. Wm. H. Saunders Co., Inc. REALTORS Main 1016 1433 K Over Third of a Century's Ezperience i Management —of Apartment Houses is notably successful because our supervision keeps in- come up and holds need- less expense down. More income and less outgo mean a better dividend on your investment, Our service pays owners. o s B SAUELCOL Main 2100—925 15th St. N.W. SAFETY IS WORTH FEW MORE PENKIES THE actual value of your in- vestments are determined by their continued earning power —isn’t that true of TIRES? (6% We Recommend— Spencer Tras Fund, Inc, at the markef Circular on Request Irving & Johnston Woodward Bldg. Main 8973 Members Wash. Stock DO T youliketoturn over your ideas for a folder or booklet or other piece of Direct Advertising to an or= ganization which graspsthem quickly and thoroughly without a lot of explaining and directing from you? Y Nver Disgpoins” BYRONSS. ADAMS Printing * Advertising 512 ELEVENTH STREET PE000000000000000000000000000009 Earnings of the Holland Tunnel, connecting New York and New Jersey, have surpassed all expee- ns. Its revenues accrue to the respective States. An opportunity is now of- fered to the public to par- ticipate in the carnings of the . Detroit and Canada Tunnel providing rapid communi- cation Dbetween Detroit and Windsor, Ontario, ex- pected to be placed in op- eration early in 1930. Earn- ings are conservatively es- timated to be in excess of $1 per share. A limited amount of com- mon stock is available at 7% or $7.12Y; per share. Write for Circular KERR & CO. Investment Securities 1341 Cormecticut Avenue Washington, D. C. Telephane North 2010 THREE GOOD REASONS FOR BUYING GUARANTY FIRST MORTGAGE BONDS AND NOTES 1st. They are ‘secured on in ducing _proper- worth _considerably more than our appraisal. 2nd. They are backed by our enormous resources of 53,400,000, 3rd. They pay you 6% per annum on every dollar you invest Combining these three fea- tures. what more could you ask for your surplus funds? Denominations from $250 up. Monthly payments if desired Send_jor Booklet, “The Success Plan.” REALESTATE MURTGAGE & GUARANTY CORPORATION Cepital Resources $3,100,000 24 JACKSON PLACE A Safeguard for Your Family Make your mind now to power us to act as your executor and trustee. up The same intelligent care we exercise in the investment of our own funds would apply to the investment of your funds. Consult Our Trust Department at Any Time LIBERTY NATIONAL BANK