Evening Star Newspaper, May 15, 1929, Page 13

THE EVENING STAR, WASHAINGTON, D. €, WEDNESDAY. MAY 15 1929 FOREIGN FINANCING IN U. S. CONTRACTS Figures Disprove View That Loans FINANCIAL. FINANCIAL.” L proximity to the oyster houses where™ s ioans are dortnéoming i begin SEES AID TO PACKERS . {20l are coiciea” s Barie x| ning to on r ‘opean st Summer when we attempted to customers. - IN SHELL TAX LAW | 1o e shetis rrom ‘the. packers we e Special Dispatch to The Star. | met. opposition from some of them, but BALTIMORE. May 15.— Swepson | this subsided as our collections ad- TRADING IN COPPER Earle, State conservation commissioner, | vanced. This year there has been no | | believes that the decision of the United |opposition on the part of the packers FUTURES INAUGURATED,i;m]s Supreme Court upholding the |and the department has planted up to : g aryland oyster shell tax law will bring | this time a great amount of shells of Are Necessary to Aid Ex By the Assoclated Press. |abotit a beiter feeling on the part of |the 10 per cent due the department.” NEW YORK, May 15.—Trading in |the packing interests of the State. paying for American purchases when no new loans are forthcoming is begin- CRBISUESREAC | [NEW,YORK CURB MARKET tine=e- N REDT SUEEE Sates INDUSTRIALS. A W hindreds g gl VAol proa A . 0 = Coustic Pro N D3 2 3 Aero 51 Nor Amer. Aviaiion S 21 North Am Util Sec Sace Riv L_Br 6135 °5 on Gas B 55 F '65 e 41 S 11 Agfa Ansco . — Further Rally Is Checked as Call Rate Again Advances. BY HARRY H. BECKER. Special Dispatch to The Star, NEW YORK, May 15—Renewed | stringency in money halted a further rally in prices on the Curb Exghange today and brought about an irregular reaction. There was no repetition of the selling witnessed earlier in the week, however. Up until the call-loan rate began to climb, certain issues were again bid up violently, largely at the expens of shorts Utilities rebounded swiftly, inspired by a 10-point spurt in Electric Investor: which carried the stock into new high ground, more than 8 points above the former peak. ! Included among the other favorites were issues which had been most re- sponsive_to buying before Monday's break This was thought to indicate that their sponsors had regained con- fidence, but a certain degree of caution wWas created by the rapidity of the move- ment. Guif Oil gf Pennsylvania, which was one of the few stocks to hold its strength all along, shot up spectacularly to a new high. duplicating the 9-point rise of the day before. Humble kept pace with it Buoyancy in the utflity division was the outstanding feature of the trading. Gains were especially sharp in United Gas Improvement, Northeastern Power and American Super-pows issues, while the lower-priced Associated Elec- tric Industries improved more than a point op a heavy turnover Firestone led the high-priced repre- | sentatives, responding to the Dbetter sentiment toward rubber stocks as & whole. Near 295 the price was almost 10 points higher and within that range of the former peak. Some other large advances were in_ stocks like Auburn Automobile, St. Regis Paper, Lerner Stores and the newly listed Great At- lantic & Pacific Tea, which soared more than a dozen points and sold more than 22 points above the intro- ductory price. Admission of the issue to Curb dealings marks enother de- parture on the part of the exchange from the precedent of banning non- voting issues. Among the aviation favorites, Bendix sold at the highest price since the com- pany was organized in response to the news of an important acquisition. There was less excitement in FokKer, however, which was firm for the most part, and demand for most others was not nearly so aggressive as_heretofore. Reports that the Aviation Corporation Was increasing its holdings of Universal Aviation and Western Air Express under the contemplated merger had little eeffct on the issues concerned. The last named sold ex-rights and was inactive. Movements in miscellaneous indus- trials were generally upward, but there were no particular features. 'Hall Lamp reacted following declaration of an extra dividend in addition to the reg- ular quarterly payment. Hazeltine Cor- poration, ex-dividend, more than re- gained the amount deducted. There Jras very little activity In the mining FARM SCHEDULE FOR 1919/ PREDICTS BALANCED CROP Reports received by the Bureau of Agricultural Economics _indicate that the planting plans of the farmers of the country will result in a well bal- anced crop for the coming vear. The only unfavorable indications that the figures reveal are in connection with Spring wheat, burley tobacco and, in some hreas, beans and cabbage, which are apparently to be raised in excess of requirements. Potato farmers who planted in in- creased acreage last year in the face of the department warningts and ob- tained a crop that broke the market apparently learned their lesson and the present prospects are that this year's crop will be about 11 per cent below that of last year, a result, if accom- plished, which will assure the farmer of a fair return on his product. HARDWARE TRADE GAINS INDICATED DURING WEEK ®pecial Dispatch to The Star. NEW YORK, May 15—With the ex- ception of some retarded activity due o unseasonable weather conditions, the hardware trade of the country has been satisfactory during the past week. Hardware Age will say tomorrow in its weekly market summary. Reports from important market centers place trade in general ahead of the first quarter of 1928, and higher temperatures are regarded as sure to bring a brisk pick- up in general business. The steel industry continues to flour- ish and full capacily production is having a_favorable effect upon the hardware business as well as other lines. While building 1S not causing an: great stir at present, repairing and painting activitie of consumers are giving retailers considerable business. Agricultural communities report ex- cellent crop outlooks, while employment in the industrial centers continues at a high rate. Collections are improving as a whole. * POTATO MARKET QUIET. CHICAGO, May 15 (#) (United States Department of Agriculture) —Potatoes Receipts, 96 cars; on track, 89 new, 306 old: total United States shipments, 638 cars; new stock trading very slow; Ala- bama sacked Bliss Triumphs, 4.50; Louisiana sacked Bliss Triumphs, 3.50a 3.75; old stock very slow, Russets weak- er, other stock dull; Wisconsin, sacked round whites, 70a85; Minnesota and | North Dakota, sac round whites, | 70a75; Idaho, sacked Russets, 1.75a2.00. | Large Strawberry Crop Due. CHICAGO, May 15 ( Strawber- ries promise an almost unprecedented | yield, 2,000 quarts to the ac Ship- ments already have reached the high average of 325 carloads daily Three of the leading strawberry States, Maryland, Delaware and New Jersey, were expected to produce nearly | one-fourth more_than last year, a re- port from the Government Bureau of Agriculture Fconomics said today. Maryland and Missouri each were scheduled for more than 20,000,000 quarts, Baltimore Coal Exports. BALTIMORE, May 15 (Special).— Exports of bituminous coal through the port of Baltimofe last month totaled | 19.926 tons, which is nearly three times | the amount exported in April, 1928, and | was shippcd to Canada, Cuba, French | West Indies and 1t Mareh exports were 16,143 tons and those of April, | 1928, 6,978 ton 1 Pig Iron Price Advanced. NEW YORK, May 15 (#)—The Iron| Age compositive price for pig iron has advanced to $18.71 a ton. replacing last week's $18.67 as the highest figure reached this year. The finished steel composite remains for the seventh week at 2412 cents a pound. Stockholders of the Pennsylvania Railroad numbered 157.650 as of May 1, a new high record. against 157,211 on April 1, previous high, and 142,602 on Jay 1, 1928, 1 A=fa Ansco pid ..l 8 Amsworth M{ yen P & L 1st pf.. lison Dr B ... Ipha Port Cém . ium Co Amer ... jum Co Amer Bf . Alum Ind ......... 2 Alum Ltd By 140 Am & Fo Po_ war 1 Amer Arch Co 2 Amer Beverage 2 Amer Brit & Con Cor 1Amer Br Bo EI F .. ', Amer Cigar 8 Amer Cit P & LA 11 Amer Cit P&L B.. 2 Am Colortype 65 Am Commonw P A 12Am Commonw P B 15Am Comw P optl war 9 Am Cyanamid B n 9Am Cyanamid B rts 7 Amer Dept Stores 66 Amer_Gas & EI 1Am Gas & El pid 3 Amer Lt ‘& Trac 13 Amer Mig i Amer Meter 1 Amer Sol & Chem: .. _2Am Sta Pub Serv A 5 Amer Superp A.. 7 Amer Superp B.. 585 Amer Super n 4 Amer Super pid 201 Amer Super _ rts 5Amer Them Bot 18 Am Thread pfd. 1Amsterdam Trad .. 2 Anchor Post Fence. . 18 Anglo Chil Nitra .. 22 Areturus "Radio T.. cu 1 Atmstrong. Gore ™ .>f SAN Metal WS Dye & Print Elec Ind Gas & EI'A G& El deb ris Laund Amer Pisheries 1 Fruit & Sug.. 8 Atlas Plyvood . 5 Auto Co .’ 7 Auto Vot M cvt pr bt 21'a 5 Aviation Co of Am.. 12 63 Aviation Corp . 22 Bendix Corp n 208 Bendix Corp Avia.. G Beth Steel rts 2 Blauners . 4Biss Ew Il 1 Boh: ck H € Co. 1Braz Ir L & P 1Braz Tr L&P s 1Bridep Mach ... 4BrigRs & Stratton. 3 2 Briggs & Stratton ur 3 3 Brignt Star El B. 2 Brill Corp A . : 3 Bruce Co ... 11111 B 2 Brit-Am Tob 'Gp Bl 11 Brit Celanese Ltd.. 1 1Budd Mfg ... ... 27 Buf Niag & E Pl £Buf Niag & E P A 39 Burma Corp i S Butler Bros ... 0 122 Cable Rad Tb vie'wi 311 Gan Marconi W..... 3 Capital Adm Al 3Capit Adm aliot ctf 3 Caplial Adm A pfd.. 10 Carnation Milk ... 9 Caterpil Tract v 1Celan Cor Am... 3Celan C Am 1 ‘b 3Cent Pub 8 A... 1Cent Pub 8§ A ‘3od.. 2Cent States EI.... 4 Ceny States El war.. 3Ce® Sta El 6s ptd. 3Cent Sta El conv pid 1Cent Sta El pfd ww 4 Chain Store Stock .. 6 Check Cab_Mfg 23 Childs Co pid. 10 City Mach & 2City Radio Strs xd. 2Cleve Fec Tl ......0 2 Cohn-Hhil Marx ..l 47Co0l G E rts wi... .l 18 Columbia_Pictures .. 1 Commonw P pid.... 40 Cons Aircraft .0 13 Cons Auto Mer vié.! 3 Consol Dairy P...... 6 Consol Film . 1 Consol G Balt 20 Consol Instru 3 Consol_Laund 3 Cont Dismond Fibre! & Cooper Bessemer . 4 Cooper Bessem pfd ‘A 1Corron & Rey pfd A. 1 Courtaulds Ltd ...... 2 Crowley Milner":.! 0 38 Curtiss Alrport vic wi 17 Curtiss Flying Serv 1Daniel Reeves 1Davega Inc . 1 Davenport Hos ¢ 4 Davis Drug Allot’ ctfs 1 Decca Record 2Deere & Co...... §De For R C...... 23 De For R C ris ' w % Dixon (J) Crucible 2 Doehler Die C C.. 22 Douglas Aircrafi .. 1 Douglas Alrcraft ur.. 3 Dubilier C & R...... 12 Durant Mot ...\ 2East States Fow B. 5 Ed Bros Strs. .. 840 EI Bond & Sir.. 2 EI Bond & Sh pid. 303 El Invest Inc... 4El Invest Inc pid. 1ElP & L opt] war 10Em Pow Cor....... 2 Eng Pb Srv opt War. 12 Evans Wall Lead 3 Fairchild Aviatn A.. 3; Fajardo Sug Co..... & Fandango Corp A’ 1Fansteel Prod ... 1Fed Metals ctf 1 Fed Screw 3¢ Pederal W 14 Fiat stk deb rt 1Fire Assn Ph Sae P 2 S, epuuscans e T s 73 Firestone Tire . 353 Fokker Airp Am. .. 3 Ford Mot Con Can B 92 12Ford M Co'Can B n 31 Ford Mot Ltd 3 Ford Mot Ltd 1 Foundation For 21 Fox Theaters A 2 French Line B. 2 Freshman Chas Go. 8 Gamewell_ Co 1Garlock Pke 3Gen Alloys ... 4 Gen Iny 15 Gen 1 Gen 20 Gen 2 Gen 12 Gen 2 Gen Ind A vic wi. 3Gen Laund Ma . 22 Gen Pub Ser .. ! 108 Gen Real & Uil Cor 10Gen R & Ut Cor pfd 3 Gilbert (A C) ...... 1Gold Seal Elec 7 Gold Seal Elec 7 Goldberg Stores. .. 18 Goldman_Sachs i 2 Garham Inc A .00 3 Gotham Knitbac Mac 1 Gramoph_Co Ltd rets 83's 7 Granite City St 4 1w Gr A& P T Cpid | 117% Tigsby Grunow n.. 13i% 27 Ground Grip Shoe . 39% 1 Hall Lamp. . 25 4 Hall Printing 2 Happin C St Al 9 Haygart Corp 28 Hazeltine Corp d 58 Helena Rubenstein . 5H Walker new wi 55 H Walker new rts. 1 Hood Rub s 7 Houdallle Hershey B.. 4 Huvlers Strs of Del.. 3 Indust Finance ctf. .. 2Insur Co N A. 9 Insur_Seeur 40 Insurance Sh' A 36 Intl Project new i 32 Intern GULB. .00 11 Interstate Hosiery ... 2 Investors Equity .. & Irving Air_Chute 6 Kelsey Hayes Wheel. 1 Kermatt 2 1Klein (D Emil) Co 1 Kobacker Stores .... Kolster-Brandes ... Lackawan Sec ... .. Lake Super C Lakey Found & M Land Co Fla Lane Bryant Lazarus ... 2 Luzarus pid Teh Coal & Nav Leon T Inc war Lerner Stoves o Libb Owens 8h Gi. ] Lily Tulip Cup..... L i’ Louisiana Land & Ex Ludwig Baum pf. 18 Mangel Stores .. 21, Manhattan Rub i Manning Bow B #6 Marconi Intl M; 49 Marc_Wire Lond 1 Mar Steam Shov n 4 Mavis Bottling 3 McLellan Stor A 1Mead Johnson ... . 20 Memphis Natl Gas . 51 Merritt Ch & 8 ex'd Merritt Ch & 5 pf A Midvale Co filler Rub pf Hon Reg Mach. © 6 Missourt 2 Mock J V 5 ohawk Hud Pow ol Hud Pow Ist i 106 Mol Hud Pow 2ud pf 10513 Mohawk Hud war... 34 Monteest deb_ris 3% ovre Drop Foig A 0% forrell «J) & Co . 78 1ts Bk of Colombia 2 Municipal Serv ... 4 Nathan Btraus 2 Nat _Aviation 4 Nat Bak 3 NaU Fam Btrs 0L 3 Natl Fam Strs pid. 2Nat Food Prod B.. INat Pub Ser A 39 Nat Rub Mach 1Nat Screen ... 3Nat Theater Sup 2 Nehi Corp xd A i Nehi Corp 1st ‘pid 1. Neisner Bros pfd. 10 Nelson H 4 Neptune Mefer Al 1Neve Drug A.. 2 Newberry 8 Newberry J . 214 New Eng Pow ptd BN Y AUCL Diiesoscs 1 Nor Am Ut 1 pfd 28] North Eastern Pow or Sta P_A rthem War pfd 1 Northwest 13 Ohio_Bel T 7 26 01l Stocks A 101l Stocks B aram Cab Mfg armalee Trans .. end D Groc A . end D Groc B C Penney & Co Penney pfd Penney rts in Ohlo Ed O Ed 6. ptd 0 Ed Ohio Ed B Road vic wi 1Penn Wi P ( 1 Petrol Corp s7d 9 Petrol Corp 1 pd 20 Perrvman El wi 13 Philip_Morris 1 Philippe 1Philippe_(Louis B 1 Pierce Governor 18 Pitney_Bowes P 29 Pitts Scr & Bolt 2 Pratt & Lamb i3 Proct v Gamble 20 Prudeniial In Inc 5 Ravbestos & Rainbow 1 Repub Brass war 12 Repetti Candy 11 Reynolds Metal 1 Riverside 2 Rich Rad 2 Ritter Dental 23 Roch Cent Power & Roosevelt Field 1 Ross_Stores 1, Royal Type 4 Ruberoid e 1, 8afe C H & Lil. i Safe-T-Stat 88egal Loc 16 Selected Indus Inc 98 Sentry_Safety Contri 30Serv El vic 3 Sheaffer _Pen 2 Sharon Stl Hoop 14 Sherwin Wms 13 Sikorsky Aviation. 10 Silica Gel ctfs 114 Smith Co (AO) 33 Southeast P & L 3 8outhe P & L pfd 70 Southe P & L wal 7 South_ Asbestos 5Sou C E B pfd 1South Coast .. 5Sou_Rovalty 1 Southw Strs d Inv .... 18tein & Co pid. 12 Stein Cosmetics ! 3 Sterl Secur pid allol 3 Stern Bros A...... 14 Stetson J B..11. 1 Stinnes Hugo ! 3 Stromb Carls Tel 7 Stutz Motor . 4 Switt Intl ...0 13 Swift & Co 1Swiss Am El pid 2Syra W Mach..... 2 Taggert Corp . . 19--Thomps Prod A 1Thomps Starrets bl 1Tob & Allied S 9Trans Am ... 12 Transcon Alr Trsp 14 Trans Lux DL P § 6 Travel Air Co .. 39 Tri Cont Corp aTubl Art S B . 4 Tung Sol Lamp 4 Tung Sol L A ..000 1Union N G Can . 4 Uni Chem pr prd X 1 Uni Drydock 33 Univ -1ns &L 3 Winter B J.. 6 Zenith Radio Sales in hundreds 11 Ariz_Globe C.. 1 Carnegie Met. 6 Cons Cop Mines 2 Cresson Con Gold 1 Dolores Espe. ... 3 Falcon Lead 'Min 1First Natl Copper 5 God_Coin . G Goiden Center Goldfield ~Cons. Min_ xd Hollinger _Gold Hud Bay Min & val. . 1 Min Co Can '’ & Newmont Min 1 Nipissing . Noranda ... 45 Ohio Cop . 32 Premier Gold "M 1 Red Warrior 9 Shattuck Denn 280 Am Gold & P 28t Anthony Gold 1 Tonopah Min 15 Uni Verde Ext 5 Unity Gold 14 Wenden Cop Sales in hundreds. 2 Allen_Oil 13 Am Maracaibo Co 2 Argo Oil VAt 26 Carib 8ynd.. . 145 Cities Serv 'n xd... 1a Citles Serv ur... 1Cit Serv pfd xd.. 6 Colon Oil ; 23 Columbia Synd 21 Creole Pete / 1 Crown Cent Peie 9 Darby Pete....... 21 Derby O & Ref Derby O & R pid 128 Gulf Oil Pa S 4 Homaokla_ Ol 15 Houston Guif Ga 185 Intercont Pet n 4 Kirby Pet 14 Leonard Ot 4 Lion Oil 4 Lo 32 Mex Seaboard 8 Mount Gulf... 3 Mount Prod .. 1 New Bradford O 2N Y Pete Roy 1 Nor Cent Tex Oil 4 Pandem Oil 2 Pantepec Oil 13 Plymouth Of1 2 oster Ol 11 Venezuelun Pei. 7 Woodley Pet 1°¥7 ol N | Bales 100 Anglo Am Oil 900 Atl- Lobos 200 Atl Lobos pid 200 Buckeye P 1L 100 Chesbrah Mig 4900 Contl 011 5600 Humble O & R 200 Imp O Can 200 Imp O 100 Ind P I 800 Inter Pet’ Lid . 1800 Nat Transit 100 Northern P L n 1800 Ohio Oil 100 Penn Mex Fuel 100 Solar Refin n 1600 South Pean O winl 2200 8 0 Ind 1008 O Kansas. ... 18008 O Ky n...... 4008 O Neb. 500 Vacuum Sales in thousands. 1 Abbott Dair €5 '42 16 Abitib P & P 5 34 Ala Po 4'.s '67 Alum Co Am 55 ‘52 Coiy 65 44 87 54 T, 63 2018 Rad 41 Sol 81us 36 2'An 8ol 6145 36 ww 23 Appal El I8ATK P & L 5556 2WAN0 G & E 5 Ao G & 33 A GAE 4'.5 48 1A Sim Hard 61,5 1Bates Val Bag 85 BBell T Can 55 A 1Bell T Can 55 B '57 10 Capi Admin Co 58 7Caro P&L 85 56 13 G 8 Chi Pn Tool 5ias 11Ch Rys cla dep 55’ Am _Inv: .. 1Sec Gen Am In pfd. 103 = 108 & Hrdw. 5 Select Ind Inc pfd. . 17Tri Cont Corp pfd: .. 7 Triplex Bafe Gl Lid. 1 Eng Gold M Lid inc e STANDARD OIL ISSU n units. PORMER SUBSIDIARIES ' pid xd Ohio Ed op war 7Peop Lt & Pw Ci¥ Al (Loutsy "A’. Luminous. . 24 Reliance Bronze Stl.. 5 Revnolds Met pt pfd Forge Mch T; Roch Ga El O pfd xd 281 281: 11 107 22% 22'2 9515 9 ol 26 ' 2318 . 201 20 59 ° 58 JORge P TS 101 457 1 Souw Dairy Prod pfd 8 Spanist_& Gen rcts M Stern cum pfd fd A 25 Uni Elec bond ris. 25..sussE {0 MINING STOCKS 20 Com Tun & Dra n. 2 Roan Antelope’ Cop. . § Walker ‘Minesl 111 4 INDEPENDENT OIL STOC! 11Am Con Oilftds,.""\] 1 New Mex Ariz Land. . 6 Pec Western OIl... ] 100 Sou W Penn P L'n . 100 d 0 s Roll Mill 55 'id 0, 55 56 . 1 Beacon il 6 36 .. 1 Boston&Me 65 M 33 53 t_Btate E] 8s 48 86 42, 99 99% 71 828 82 udahy ahy 5l sal La_6s et Intl 6'55 '52 et Intl 7s 99990999 PR R R ] au Pow 55 T 55 A ww Al 6155 Rub 5125 '3 Toust Gulf G 628 Houst Gulf G 65 A 111 Pow & 96 Ind Til & 16 Indian P&L 4Intl Sec Amer 3 Interstate Pow 11 Inv Corp Am 5 1Inv C A 2Town N I 1 Kelvin Corp 6Kp G & C 3 Leh Pow Lit i Louis Pow & Lt 55 ‘57 Mass Gas 5lis 46 1McCord Rad <6s '43 43 Mem_Nat Gas 6s '43 10Met E C P 4izs D '68 10 Milwauk Gas 4'2 '67 6Minn P&L 6 Morris & Ce 2Nar El Co 58 A 15 Nat PAL 65 A 2026 34 Nat Pub Ser 55 'T8. 7Nat Rub M 65 '43 1 Nat Ti 5 Nebr Pow. YP&LA4Y 9214 14N Y & F In 5155 A 48 89 5Nor Ind P85sC 66, 99 1Nor Sta P M 6'.s 3310115 80hio Pow 55 '52B... 99% 2 Osgood Co 65 ‘38 ", 9812 1 0tvego Falls 65 ‘417 80 29 Pac Wn Ol 6123°43.. 96 5Penn O E 62 A°50 Wi 10014 1Penn Oh E 5':s'59B 937 9 2Penn P & L 55 B 52010014 10014 8 Peoples Lt & P 5s 79 94 = 94 51us '53..... 105 105 103% 98 3 N 10 Rem Arms 5 1 Richfid Ol 12 Roch Cen P 1S Ant P S 55 B | L Gns & C 65 228h W & P 415 A 1Shefl StI 5'%x "48. 9 Bnider Pack 65 '32 20SE P &L 6s A 2 Sou Cal Ed_ 55 5 Sou Cal G 55 1 208 W Dair Pr 612 11 Staley Mg 65 '42 16 Stand P & L 68 1S Maid Rais 6';8 5 O 5'as 49, 4Suire & Co 85 '33 1 & L 53 1Un Am Inv 35 A [ Rl a5 1 t & RI 1 6 2 6las { 6135 6135 H 8128 1 615 3 L’ss 1 Valvoline Ol 7s 1 2 Van_Camp Pack 65 68 7 Western P 6155 A"'5 3 West P 5'is A 51 ur 123’2 Sales FOREIGN BONDS. in thousands. 64 Berlin C E_6's 59 91 21 Buenos Aires 723 47 101% 6 Burmels & Wa 65 '40 98’3 5C Bk G Sta 65 B '51 84 10 Com & P Bk 5'as '37 86% 5 Cuban Tel 7'as A '41110 9 Danzig Port 6izs '52 1 Ercole M EI M 614553 5 Eur M & Iny 7'35A'50 9 SEur M & Inv 75 G 1Finl Res Mtg 65 '61 2 Frankfort 6'as 53 2 Free St Prus 6s -5 & Gelsen Min 65 ‘34, 1 Gaunt&W RR 63 3 Hamburg B 78 35.... 3 Hanover Cred 6531 10 Hanover State 6'as 48 31Ind M BK Finid 75 ‘44 3 Isot Frasch 7s ‘42 W 39 1tal Superpow 65 '63. 1Lim Rep Per 625 58 9 Mendoza, 7'2s '3 1 Montevideo 6s A * 3 Mor Bk BORo 75 '4 5 Mui Medellin 7s E & Nippon Elec 615 6 Rio Grande Ts i 2 Rubr Gas 6'35 A 5 9 Rumania_Inst 7s '50. 1 Russ Gov 528 *21... sRus G 6'is ‘19 cfs 0 2 Saar Basin 7s '35 10 Stinn Hugo 7s /36 Wa 56 Stinn Hugo 7s 46 wa 9 U El Ser 75 A ww 56 5U St Wks 6las A 47 xd—Ex dividend. wi—When issued. n—New. Ww—With warrants. COTTON CLOSES LOWER. NEW YORK, May 15 (Special).—The failure of demand to broaden more im- portantly on the forenoon advance was a disappointment to early buyers and prices eased off today in the late trad- ing. October reacted from 18.63 to 18.42, with the general market closing 2 to 15 points net lower. The spot market was 5 points lower at 19.60. Cotton Range— High. May siees 19.35 1048 Suly 0% 11845 1876 October 11111110 1848 1857 October 1 1840 1863 December 1857 January 1862 March . 187 Open, WHEAT CLOSES LOWER. CHICAGO, May 15 (#).—Wheat un- | derwent a late setback today after news was recefved of a deadlock in | Congress over including the debenture plan in farm relief legislation. Many of yesterday's buyers of wheat turned to thé selling side of the market. Some disappointment was expressed | that North American export purchases | of wheat today were of limited volume, 1500,000 bushels all told. {" Wheat closed weak, 15 to 3; net lower; corn a shade to 12 down; oats, iy to 1, advance, and provisions un- | changed to 5 cents off. High. 1.06% 1.10% 1142 Close. | WHEAT— T.05% July 3 Beptember December CORN-~ May Juiy = | September December | DTS | May 2 ISuly: ool | Beptember December | July | September |~ LARD Mey July 2 ) September | RIBS- | My July eptember NEW YORK, May 15 (#).—Stocks irregular; Packard and General Elec- ic again advance against money trend. ~Bonds irregular; convertibles react on tighter money. = Curb irregu- lar; electric investors at new high. For- eign exchanges easy; sterling eases. Cotton irregular; favorable weather and high money. Sugar lower; .trade sell- ing. ' Coffee higher; steadler Brazilian market. CHICAGO, May easy; favorable weather. bearish _Argentine reports. steady. Hogs lower. 15 (P).—Wheat Corn _eas: Cattle | FEDERAL LAND BANK BONDS NEW YORK, May 15 (Special) Bia. Asked. k 45 May 1958-38 93 94 Nov. 195 o3 9524 9334 9335 Land B Land Bunk ds Land Bank 4's Nov Land Bauk 4's J i Land Bank 4'4s May 755 Land Bank 4'is July 1956-36 Land Bank 4'Js May 19420932, Lund Bank 410s Jun. 19430j Bank 4'4s J.&J. 19530p33. Bank 4'5s J.&J. 19550p35 Bank 4'as Jun. 1956-36. Bank 495 J.&J. 19630p33 Bank 4345 Jan. 19540p3d. | Bank 4345 July 19540p34 Bank 5s Nov. 19410p31 Bank 55 May 19410p31.. Because the municipal street car lines showed a_deficit of nearly $1,400,000, CGlasgow, Scotland, has abolished haife penny fares. port Trade. Special Dispatch to The Star. NEW YORK, May 15—The theory | that unless the United States cons tinues to make large loans to forelgn countries it will suffer a decrease in foreign trade is shattered by the figures of American exports for the first four months of 1929 and those of loans to Europe and South America in the same period. During April there was not a foreign government loan offered in this coun- try. In the same month of 1928 such loans amounted to $87.000,000, in 1927 to $121,686,000 and in 1926 to $83.- 100,000. Neither were there any issues of foreign stocks last month. - Foreign financing has, in fact, con- tracted sharply during the past 12 months, or since the 412 per cent Te- funding issues of Scandinavian coun- tries and municipalities and of Aus- tralia had such a poor reception in April and May, 1928. Those who fol- low the foreign securities market most closely see little prospect of a resump- tion of loans abroad this year, owing to the condition of the foreign dollar market in the United States and the high rates that would be compelled of foreign borrowers if they were to place their issues successfully in this country. | In spite of the drying up of the for- eign bond market, shipments of Ameri- can products and manufactured articles have continued at a high dollar value rate. Those for the first four months of this year are the largest for any similar period since 1921, when Europe was replenishing the supplies that had copper futures started on the National | Metal Exchange today, affording an | open market for the red metal in Amer- | ica for the first time in the industry's history. The first_sale, a contract of 50.000 pounds of December copper, at 16.75, | was made by Jerome Lewine to Harold Bache. Erwin Vogelsang, president of the Na- tional Metal Exchange, in an address preceding the opening, called attention to increased interest in price movements of the metal “During the first quarter of this year,” he said, “the market experienced an abrupt advance and decline of | around 7 cents per pound. against which there was no form of protection in the way of a free and open hedging market, | “The board of governors feels that | absolute security and facility of trading | is provided for by the rules under which | you are about to commence trading and Will offer to the entiré copper trade | an opportunity to protect their position | against untoward price movements.” | . FEDERAL LAND BANK BONDS Special Dispatch to The Star. | | | NEW YORK, May 15 (Special).— 5 g Bld- Asked Ger Govt Loan with drawing ctfs ‘attached per 100 R M........ 55.00 60.00 Ger Gt Red Loan without draw- ing ctfs per 1000 R M. . . 28.00 30.00 (Quoted in dollars per miilion marks,) Hamburg 4'2s 19 25.00 35.00 uoted in dollars per thousand marks.) German Gen El 425 pre-war.. 23.00 25.00 German Gen Elect 42s 1929 250 Berlin 4s pre-war...... 5.00 Hamburg 3s, 3125 & 4s pre-war. 15.00 Hambuurg American Line 4'ss.. 31.00 been exhausted during the war. The test of this situation may not come until later in the year, for it is known that a considerable portion of the proceeds of loans by foreign countries in the United States were allowed to remain here and are being drawn on steadily in the+absence of new loans. Within the last two months the total of this fund_has been reduced mate- rially, months imports of gold have been The fact that in the last four | North German Lioyd L3100 Krupp 5§ 1921.... i Dusseldorf 4s pre-war.. ... Frankfort a-M 4s pre-war. Munich s Dre-war. (Quoted in_ doliars AE G (Germen Ge iec). A E G (German Ge Flec) pfd B Commerz and Prival Bank..... 1G Farten 5 Disconto Gellsct Berliner’ Handles. ... Dresdner Bank . Deutsche Bank Darmstaedier Banik: Heyden Chem._... Mercur Bank Vienna. 4t . 38.00 9.00 00 $126,647,000, compared with exports of $6,000,000, indicates that the strain of Nor Ger Lioyd. | Austrian A E G R Karstadt “We wish to assure the packers that the 10 per cent of shells will be dis- tributed on the oyster bars in close | | The gain in stockholders from the first of the vear to May 1 was 3.642. Doctor Found What is Best for Thin, Constipated People As a family doctor at Monti- cello, Illinois, the whole human body, not any small part of it, was Dr. Caldwel practice. More than half his “calls” were | on women, children and babies They are the ones most often sick. But their illnesses were usually of a minor nature—colds | fevers, headaches, biliousness— and all of them required first a 1 | thorough evacuation. They were constipated. In the course of his 47 years practice (he was graduated from Rush Medical College back in 11875), he found a good deal of | success in such cases with a prescription of his own contain- | ing simple laxative herbs with | pepsin. In 1892 he decided to | use this formula in the manu- | facture of a medicine to be | known as Dr. Caldwell’s Syrup | Pepsin, and in that year hi: prescription was first placed on the market. | The preparation immediately had as great a success in the | drug stores as it previously had in his'private practice. Now, the third generation is using it. Mothers are giving it to their children who were given it by their mothers. Every second of | the working day someone some- | where is going into a drug store to buy it. Millions of bottles of Dr. Caldwell's Syrup Pepsin are being used a year. AT AGE 83 Its great success is based on merit, on repeated . buying, on one satisfied user telling another. There are thousands of homes in this country that are never without a bottle of Dr. Caldwell’s Syrup Pepsin, and we have gotten many hundreds of letters from grateful Eeople telling us that it helped them when every- thing else failed. Every drug store sells Dr. Caldwell's Syrup Pepsin. RADIOGRAMS to SAN FRANCISCO TODAY marks the inauguration of commercial radiotelegraph service across the Continent As the first step in a plan to estab. lish a nation-wide domestic radiotelegraph service, RCA Communicatiops, Inc., a sub- sidiaryof the Radio Corporation of America, today inaugurates commercial radio ser- vice to San Francisco — from New York, Boston and Washington. This service will utilize the improved Beam Projector system, developed by RCA and its adsociated jected to rigi engineers. This has been sub- d field tests for two years—un- der the most severe operating conditions. Messages will 1 be flashed without relay from coast to coast. Radio signals travel these 3000 miles in less than one-sixtieth part of a second. Business and personal messages will be transmitted by “wireless’. at the same rates 1112 Connecticut Avenue as those now charged for telegrams by wire: At the same ‘time RCA Communications, Inc., inaugurates fast Photoradio service from coast to coast—for the facsimile transe mission of pictures, drawings, printing, writing, typewritten matter, etc. Nine years ago RCA opened the first direct mdiotelegngh circuits between New York and Great Britain, and between San Fran- cisco and Hawaii. Since that time radio has become a major factor in world communi- cation. There are now established thirty direct RCA transoceanic circuits to countries in Europe, South America and the Orient, and Radiograms can be sent to all the world. To insure utmost precision and depend: ability—mark your message - UVia Quickest way to all the world RCA COMMUNICATIONS, INC. Decatur_ 2600