Evening Star Newspaper, June 3, 1929, Page 13

STAR. WASHINGTON. MOXDAY, JUNE 3, 1929. PINANCIAE,” * 13 classes, steers, and choice, cho! e ‘ vear] 3 . ; Taf scarce, ! WHEAT CLOSES H|GHER- 1 te good and choice, 1,300. and choice (beef) lings, 12.25 down; fat ewes ANCIAL THE EVENING 8.00; bulls, good 3 300 | 9.90a11.50; cutter and choice, ¢ oAt AR 1§3‘§mobs'gaf wldm nds. | 10.35 let e x“;i““';'e.d 7'“3 ?¥°“"‘°¢L"Z"‘ hm"s?;dso d & o= pounds, 13.75a15.25; -1, pounds. | 10.35; vealers (m ed), g« and 92 pount lown, 15.25a16.50; medium. NEW YORK ‘ :URB M ARKE Received by Private Wire A T et Drees | 15.15a15.25: common and medium, 850 | choice, 11.00814.30; medium, 9.50a11.00: | 142581535 Full’ and- commor oo Direet to Thy Star Offi - . 1| pounds up. 11.00a13.75; fed yeariings, | cull and common, 7.0029.50; stocker and 14.25; ewes, medium fo. choice, 130 making a vertical rise of nearly 9 cents | bushel, and holding more. than half | 800d and choice, 750-950 pounds, 13.50a | feeder steers, good and cholce (all | pounds down. 5.1587.00; cull and’com- | e e ey | St wood and cholce, 830 | welghts), 1238a1335; common and me- mon, 2.3085.15. ! Sales y 2% 17Rell Br & St 6s '44 99'z 99z 1 & 1 od i unds down, .75a14.75; common jum, 9.75a12.25. hundreds. TNPUSTRIALR, o0 Glose § Revmoias Metal " 57 loRlendd 0 “s A 440 8012 11 301 | degree rarely equaled, and the effect wa | POUnds | down, 137881475: | ST ettt 121000 b bt S 13 Acoustic P 5 g, 1 Reynolds Met pt pid 68 10RICNAG O 8s A '44 . 99'2 9914 99'1 | jntensified by & remarkable scarcity of good P—] D! ; 3 Acisyc Prod (e 0 nEoifl"cfm Hopt ot 88, 3 T Engte BB B Crenngs. Wathington reports which | cholce, 8.50812.00; common and medium, | strons to 25 cenis higher: California | _Sea-borne traffic of German pors is RO SR Ao Que r B e 14 y;'s‘;’{:%'s,‘, Tz{:‘sn' g ‘32’: Pt ‘S:’“"?,,::'} T ‘5 :"«’5 . ;g,‘ gg,“were ehrculated. that $100,000,000 wz°md 8.0029.75; low cutter and cutter, 6.25a ' lambs, 16.25; few natives, 15.50 down; | growing. 8 Schuite” Real Est 2013 20z 20'z nider Pac 65 '32.. . 88': 88 ' 88 |chief source of the rush to buy. Profit- r——‘—_—‘—_—'——‘"—- |~ 2Bchuite Un sc31 Str 43, 1 taking sales on the advance were mainly turn—Farm Implement | SGen Aminy pld 18 2 s 3 & Sefected frdus Ine . 201 3 responsible for the reaction from the | ! Gai 3 Mlpha o oem . 4b S Y A aoz0dd 10} P Wneat, closed nervous, 5% to 614 net ! ssues Gain. 4 Alum Goods Mfi:11 30 5 gy ESNe o & SN ek 4 3o Jghor: corn, 374 to 43 up: oats, 1% to | 4 Alum Lia 138 3 it .. in Ma 10 A ; corn, 37x to 49 up; oats, 1% 1 8u ] 100 a, i AR AR ST Ray ar - 1 88T Wieiion }2 i.'.-'l‘n"k'?: b v" ol 'gs g | T S DovalnenchaNged) To HOldel‘S of . Sel_c (g P s 'S el 'a ey S o | BY HARRY S. BECKER. i AmBel coni coro ] Blhen ol i RS R M S ] e M, Tow. . quse| T DN e, FEE Electric Power Comp: materaton on e Gutb Eaiiangs e | " AR Gomnert 65 & I b g i Potomac Electric Power Company day under short covering, influenced to | o3 Am Comm B optl wa¥ : 3 South Asbestos & I, 5 0 i evidence that liquida- | 20 Am Cvanamid ste. " % 180uC E A nf Qline, Ohig 78 137 8 | Fl M 57 B d fl Y. e | AR BETEG L o e LA HEARL TR B E. rst Mortgage 0% Bonds v tces, theless, | 33 Amer Dep 34 Royalty.. @i s . Ly ) was exiremery mined and there was no | ) AmEr Tt The - JH g SRS R S Pl saier " POREION BONDS i Matured June 1, 1929 inclination except on the part of pro-| lAmer Nai Gas 118 fSE Rk Sen 1 in thousands. 42 fessionals to take on new mmmn':nenls. 1 Amer B0l & Ghem.... S 8 Stang Mot i LA AT Mor Ba e 47 8212 Fris with the outlook still very much con- Amer 8°4°Cp'pla " 48 i| jgand Fow & L erlin C E 63 '35 o1t 7, » 6 Buenos Aires 47102'2 Thed. GARE g b B X e i | un SR Jaaes daile 7 46 &8, i i Utilitles in Demand. " Amer Supern B § Stein Gosmetics ! 7 Guban, Tel Tiss A 141 10720 = We offer and recommend for reinvestment the follow- The opening was slightly higher.| 4 Anchor Post Fence . ‘331, 3 Steriing Rec prd allot 3Fin Res Mg 61 ‘a1 87 177 5 i i i e TRt a et ks e | { s e | Rl Ry AR M e B e B i3 L T ——_ the best showing again, several attain- | 3 Arciuru H f ! Lk ge® ing new highs before realizing set in.| 135 ArZoDa “ 18iromy Go B e i e Bl e i tock Exchang Allied Power & Light, American Super Y e R S L R e zm ; B s st et J w4 Co it 5 e Approximate Bond & Shere did particularly well, the R COTTON PRICES GAIN. Yield. Inst named climbing aimast 4 points, VibeRRR g well across 100 again. Subsequently 8 3 Thomps Prod *'A i bad break in Southeastern Power ad- 3 Thampy, Jiaprete, prd 18 i NEW YORK, June 3 (Special).—In | town Gas Light C v GeieralsMats % ected th fidence of hold- 3 a4 I Do e A 5 sympathy with advance in wheat, cot- Georgetown Gas Lig| ompany ;"“”d”{{.ifid Wa¥ & (genital increase 40 foone” an o1 | 3 R Rmania 1oas 78 0 B [ton prices improved nearly §2 a bale to- 5%, due 1961 % fn offerings and. cancellation of the 4% aramscon “Alr Trsp.. A0 2els i 3 Rus Gov 6125 19 cod day and ended at the top with a gain gage 9%, due o sty Aok ... 490% gains. Special buying was witnessed in n:_‘T_::(‘:, ‘,’;;C, o 3" sk w:' 18 BT TeiAe e 1 = (\w! g‘mm 35 n?m:s :‘111“ a;&t:’g ;r:n u:; ~ 11 Gont” Cor 3 Oni T Rery 14 54 1 t] estern operators W - N . e v e SR Lo Gam Cere 911 St "1 OB B ST MR el el resiive sellers Tast week covercd short Potomac Electric Power Company Consolidated Recovery was most vigorous lr:‘sharle;: 1 B B i TS park | osspn S ek B0 A1 B contracts. e e (now first) Mortgage 5%, due 1936.......... 4.70% of companies which were heavily sol st Myers "Ex dividen | creased buyiny wer, di- 7 fast Wbk on the bleak in wheat prices. ’é E{?}iy.:'gé‘m%u": : %é‘.fl?{nsfi‘ ;',“ Gai -4 ‘:"’f"‘: E minished for ;)?anlzl:':nb{fli Spots were J) t short covering ollowin, e ity nion_Tobacco ww—With warrants. Vi 5 0. . . = Sooint i in Cthat ommodily” sent| 4 BkR 613 AR cop Shem ur Cotton range: Washington Gas Light Company 6% due 1936.. 5.10% Deere & Co. on a zerxlrndlculnr [;d' ;§ g::; #‘1:‘! f ‘!’ 'l" EI"""B“ M k Gl :: :; vance of 20 points and also gave a bet- | 59 Buf Niax X E p A ec Bond arkets at a Glance 1858 ter undertone to other issues which | 2 But,N $CE P i L 13 Chesapeake & Potomac Telephone Co. of Va., came under the same general influence. | 50 Burroughs & M new R 20 BR Fi WM h 5%, d 191;3 4809 Checker Cab, with a recovery of aimost | | Butler Bioy A 1 g ) e irst Mortgage 5%, due ceeeeeieeea... 430% 4 points before midday: Budd Manu- | & Ceme son Kime vic | £ TR bR et ey U< | facturing, Procter & Gamble and Cater- | 38 Can Marconi w.. ... i G bl < 2 * . & . pillar Tractor railied impressively. | 8 Spyal Admina ! O vance in forelgn arou c* 124 #4- | CHICAGO LIVE STOCK MARKET Washington Railway & Electric Company Con- the ‘mvition group. Slinouth Weslers | e T e e e s ol || ORICACOTne S B solidated Mortgage 4%, due 1951............ 5.05% Alr Express rebounded several points| ] Selan € Am n ptd Bhi .. | "Foreign exchanges—Weak: Japanese | Receipts, 45,000 head, including 20,000 s e n TR AL SN Foil B yen slumps half a cent. | direct; mostiy 10 cents higher than Fri- | Credit, in addition to one or two of & For Bec = e | day's 3 ; top, 11.00, paid for 170- the low-priced issues, held steadi Freight of Del Cotton—Firm; Western and Wall | day's average; top, 11.00, p: b R L e bl e Sypsum street buying. 210 pound weights: bulk of better grade, CRANE PARR'S & coMPANY - ERp he Lines.:." Sugar easy; Increased spot offerings, | 160-240 pound welghts, 10.75a11.50; 250- | y lower all morning. 1 flines Ciltos Tawer - (riite Miies. 300 pound averages, 10.50a10.75; butch- n' Arkantas Nebures Gog. whiem s | ® % CHICAGO, Jime 3 (P).—Wheat— | er5 et b Clce b 1h: S ' 3 d i ; farm relief legislation. 10.10a10.75; 200-250 pounds, 10. : a new high following an offering of 3Van O"Hk B ; ; 160-200 pounds, 10.15a11.10; 130-160 additional common. United Gas, in- jyin & rkeyr e rim: aympathy with wheat | JS0 00 0'esa1105: packing sows. 9.10a Washington, D. C. fluenced by news of the sale of new 2 Vanadium' Alloy - 5.80; pigs, medium to choice, 90a1.30 ; 0 Walgreen Cattle—Steady to strong. P! stock at $20 a share in the ratio of s S . pounds, 535810 60. | one for five owned, involving rights 8 Watson J W : Cattle—Recelpts, 1,700 head; calves, | worth about 87': cents at current 3 West Auto Su e R recelpts, 3,000 head: fed steers and prices. was also in demand. The sub- 2 Western Air Exp rts WORK IN HARVEST yearlings storng to 25 cents higher; she | scription rights expire June 24. Notice 3 wm'um g:fl(?’ev e ! stock steady to strong, 15.00 paid for fed | of the offer to ctockholders revealed { Widlar Pood Pro; FIELDS IS STARTED steers; yearling heifers, 14.50; slaughter 1 Winy BJ principal irerest in the Consolidated i Zenifh Radio e SR i Gas Utilities Co., which owns an ex- tensive pipe line system and important natural gas properties in the mid- continent field. MINING STOCKS. | Sales in hundreds. 3 Artz Globe C Epecial Dispatch to The Star. NEW YORK, June 3.—Work in the ofl stocks, which strengthened materi- ally. Humble and Gulf Oll of Penn- sylvania each added several points and Standard of Indlana rallied a workers from now until November as the harvest works northward. Work in industrial plants is progress- ing at top speed, with undiminished pay {rolis, but machinery, workers and em- Copper 1 4 Pirst Natl Copper 29 Gold Coin...... . Corron & R ‘pfd A1 4 Courtaulds Ltd. ... 1 Crowley Milner 28 Curtiss Airport vic.. 43 Curtiss Flying Serv.. 3 Curtiss Reid Air pi . 4 Chief Ce Mi 3 Oit Group. 4 Gont1 Diamona " ibi 3 Com i & Brain B harvest fields in some sections of the : : 3 Sooper s S nes H uthwest started today. is type of e i o, Wit o i ST T LR § Eng Gold M 1ia.ne 1) Rorkers trom: now unil Noverber s Arka“sas "atllnl Gas cormration (Subsidiary of Cities Service Company) respects to the Common of the Corpors- mm!lhp'w‘d'cbyh'. Soct s o ks Tion, except that the Class A Common Stock has no votiag rights ;ni’z will insure against future lack of jobs. Much of the present-day prosperity, according to industrial and economic experts questioned today, is due to the cutting of costs. This is not likely to | proceed much further in the immediate future. In fact, some increase in costs is anticipated by the efficiency experts, point or so. In the bond division, active trading| IDavera Inc m X in German obligations due to reparas | 1} BeeroPort. ployers have long sirides to make until CLASS A COMMON STOCK tions settlement carried a mafjority of 14 De For R each attains the efficiency which will . 231 De For R G ris not only provide present employment, The Class A Common Stock Is anthorized in the amount of 4,000,000 shares without par value similar in all ol Registrers: Tae Narrowar Pazx Bawx or Nxw Yerx Tuz Bawx or Prrrssusn, N. A., Prrrssvnca, Pa. Tuz Fiast Namowar Banx or Bosron Wriis Fazco Baxx & Umow Taust Comvawy, Sax Frawcrsco, Cavtr. Trensfer Agents: Hexay L. Domxery & Courany, Nrw Yorx, N. V. Taz CotoNtar Trvsr Coumpaxy, Prrrssurcs, Pa. Trx Artantic Nattowar BAN or Bostox BNk or I7ary Narionar Trost & SAVINGS ASSOCIATION, San Faancrsco, Cavtr. Baltimore Markets Epecial! Dispatch to The Star. BALTIMORE, Md., June Potatoes, ‘white, 100 pounds, 1.00a1.40: new po- 2 El Bond & Sh pid. h , atoes) barcel, 3504.35; sweet potatoes, B :f:ffi;,_t‘ S 1 enush o % 1% | because, they say. it is often the case For further informatién regarding the Corporation and the Class A Common Stock, attention is called to the letter of Mr. Henry L. Doherts, S e e i G Qgflnn"v'v.'fx 2 fl"fiflna}ffi'"m‘“ OIL. STOCKS, the cutters find they have cut too deep | president of the Corporation, copies of which will be /'wmlud on request, and !ru.- whick it will be noted, smong other things, thas: grate, 13talis: beans bushel 1208| 1 gibrics"Anu -1 Allen: o1t W e Tgfiflu‘&'m"fé‘%x'.?.in"‘;‘;‘:u‘° = COMPANY: Arkansas Natural Gas Corporation, a Delaware corporation, was formed by merger of Arkansas Natural e, 'y . carrots, ‘alrc] Vi LSRR W o - 3 A \¢ it 1. i1 crate, “2508300: celery, crate. 150a | 10 Eaicnila Aviatn fis. AR ConQilfdsgs il 0% % % | Reduction of costs through lower wege | Gas Company. Natural Gas and Fuel Corporation and Industrial Gas Company, and acquired through 4.00; 'corn, bushsl, 2.25a2.50; cucumbers, 3 Fendanko Corp A.... 1 Ago Ofl 2% 23, 2% |scales is highly improbable. Even if the | stock ownership the natural gas property of Southwestern Gas and Electric Company and certain other pre es in . 1Carib 8ynd 31, i v | P gas proper P bushel, 1.50a3.25; eggplants, crate. 1.50a 2Fint stk deb ris iCosden O 11 48's advs 4bs | Workers would consent, few employers | 1928. The Corporation and its subsidiaries are hereinafter referred to as the “Com S g rest. rpol pany. 225: Kale, bushel, 15a28; lettuce, bushel, |, Eiesions, Tire - Columbia Svnd. i* 'I* ‘1" |in industrial fields, except the men of | : 2 i : . 25a00; lime beans, bushel, 2.50a3.50! Fokker Atz Creole Pete. o the older type, want to cut wages. They | The properties are located in eastern Texas, northwestern Louisiana and central Arkansas, and include 1,300 miles (of ?36""5'0821"‘ 1.& s.'l 5: ag;:t:wfir.n;os&s: 32 :“m}’"g;“g n"fi:fl;::‘rfsfzplggfis :21 which 82 miles are held under lease) of natural gas pipeline and distribution mains and are in a territory extendi radishes, 100, 1.50a2.00; squash, crate, workers and to have them increase their | from Shreveport, Louisiana, to Little Rock, and Clarksville, Arkansas, a distance of approximately 300 miles. The pipe- 1.00a2.00; spinach, bushel, 20a65: to- desires and living requirements rather | line system transported during the twelve months ended March 31, 1929 a daily average of 109,000,000 cubic feet of matoes, crate, 1.50a2.75; apples, bushel, than have them reduce these. | Y ng 4 4,000 e A L X 0 1.2583.00; blackberrics, quart, 8al2i4: There is still room, however, for fure | gas and the 'Comgany supplies gas at retail to over 44,000 customers in communities. e population of the terri- grolopeah;alt, b?x 16205‘3.15; nrunge.s,‘ blo:}!(, 3 3 g:': Tgrrgm: ormm;om. by,rrduzeuon of | tory served is estimated at 442,000. An;lor;g unpon:{m cgua served are Shre;ep&n, Teflarhm, El Dorado and Little .00a3.50; strawberries, quart, 4al3; i ough eficwency. of men, man- | Rock. In addition, gas is supplied at wholesale to Hot Springs, Camden an arksville, Arkansas. The Company watermelons, 30a60. b au agement and machines n many sections | % Fosd P o . 2 : < % at Fuel Ga: nd many i % | has a present daily production of about 4,300 barrels of crude oil, and owns six natural gasoline plants having an 2 ml)-lry Ma; .:u‘.k i 1gen Fus"sere ?3‘: fi:,?.:‘i‘:"" 'il\:.’a’ o % v ndmw: | averags daily outp);npof 22,000 gallons of high grade gasoline. i . 5 ry, alive—8pring chickens, , . 8 o il ¥ e . . 1 . A . . = 30a43; Leghorns, Do, poor _ng";;;}n‘ of Sop Tk Vil Cor p1d 2 § fed Bank onl o { MONEY MARKET. The company owning the gas distributing system at Little Rock, Arkansas, having a population of about 123,000, has :]sdnzer: og;r?mi.:goyflggm, gg.gg; 3 Gojdoere o 10 1 8 i a NEW :?fixfi J\lme a;m.wnn money, | been acquired since January 1, 1929, as well as other gas pipeline and distributing properties in Arkansas and Louisiana. 3 : . 20a25; 20 Gorham M 18 1Texon O1l & Land'n 1% rmer; high, 7: low, 6: ruling rate, 6: | These acquisitions will add over 21,000 retail customers and over 400 miles of distribution lines and trunk pipelines to suinea fowl,' each, 50a1.10; pigeons,| §Goth K 3 b7 ¥ “ closing bid, 7; time loans, eas ! p : : - et b pair. 35a40. o) 1 o1 Ges0Es "avp ! Porkin | coliateral, 60-90 dast. 81+ 46 moninc the system of the Company. The Company plans the construction during 1929 of a 20-inch pipeline from Shreveport ml:gg:—fll}:glp% z:xoxz cases fl:‘:ntg‘e ".;:S B 215 | sajes 1n BUBSIDIARIES—STOCKS. o'g‘ g;ler‘r_\: T:Cr:!!nl?l‘:e paper, odd i to the Monroe gas fields, a distance of about 100 miles. receipts, 24; butter, good io' feney e days, Bhoantas 46 monthis 5oiyit The principal franchises and similar permits of the Company are satisfactory for its opetations and contain no unusual :;e'nr:legcyhpol:?&sdzn]:g;:s; p;;ms‘s ‘gar: s 5-6 months, 53,855, or burdensome restrictions. g;:;z‘mnsgc:e ;olhu‘h '2_.335 ;. aflgulry prints, 22-,'2 METAL i{kn}E’E CAPITALIZATION: The consolidated capitalization u':: t.:: Company and subsidiaries outstanding as of December 31, s » 2 g i * T 1928, after giving effect as at that date to the recent issuance of Class A Common Stock as more H a st fiin D | ; 1928, bt e spot, [ 41neir “Bhares: i qu’;f;w':;:;lorgzlffic," ‘ot and fature"se.| fully described below, is as follows: 1.06; May delivery, 1.06. - 181 0 i £ Iron, stéady: No. 2, f.0.b. Eastern Penn- standing Corn—No. 2 export, May delivery. no ,1}5}?}’;‘-:;2‘:%'13 LSt gg 100 Penn Yex Fijel reanis, 1103002150 Buffalo, 18,008 ‘T?cxc'nxmuhflvo Preferred Stock (810 par nme . Shm.z(;:,m uotations: No.: 8 yellow, e oot 11V ita; 2 M| J0Eer i gy = : r | St BB s e 5o i Oats—No. 2 white, domestic. spot, 53a | 1 Kelows - Switchboard: 13 13 13 | %3005 O Ipdiana %% | Louts, '6.80. Zine, quiet:' East St. Louis, Common Stock (no par value; evees . 4084225 e ?;mmalinN‘o. 3 white, domestic, spot. | 3 Bermoth ., ool 1 B#'*| #os o entucky . 75‘&’1 ;utlfir& ‘15253"5'60‘ Antimon: Class A Common Stock (no par value) .+ 1,021,056 a52, nominal | . f § O Ohio. 1 i 9. ck silver, .00. f ; Rye—Nearby, 90295, 4 Roisisr-Brandes 4932 {1000 Vacuum Ot I 120% | spot, 43.87a44.00; Tuture 4457 " oh0Y bl L ; Hag_Receipia, none. While hay 15| 3 LEF R o #4 [ esin, monDa ~ — - D i Sold Boads, e 10 e arriving here in limit itie Iy, 2 y . 4 E 7 nderlyi old Bonds, due se: to 3 X 16118 mes st enoupi f o She Aeniad, 1 EAvTne Fo 0| ARS8 s 0. [ FEDERAL LAND BANK BONDS. | T o ol iy serally A ;g:;rmx;% Exgpl.xea ‘:ng;%lndyl L:;:;; ! 3 E'{S;’M‘i‘»':’"’ = b 3 A;;,d c“”“ e cn e s NEW YORK, June 3 (Special) — | *Issuance of additional bonds restricted by provisions of Trust Indenture. : v Li n Y Alum Co Amer 5s 52101 100% 100% Bid. Asked | s sitis : At received, “There & ot enough business | ;ign;:‘?s i ot i Am *c:',f::.fil"’fl?'i:: ; ‘Si’: fi ‘E:ol | Fand Bank 4ras Nov. 1otn.aw.... °80 'g?" | The Class A Common Stock is authorized in the amount of 4,000,000 shares, without par value, similar in all respects sing to establish prices on the vari- 9 Long Ts iz 59 43 td a ) e i S i i el e L R P s R ] Am Gark e g Bl 81 01| Kand manc 4T Nov e 2 g to the Common Stock of the Corporation, except that the Class' A Common Stock has no voting. rights other than as :sgn per ton for cgnomy or clover hay. | 134 Marcom 1ny ‘Mar 2 TAm Roil Mill 5a ‘48 903 ‘981, ‘901, | Land Bank pn g a8 | provided by law. The above stated 1,021,056 shsar:csko(fCIm AAConllmon Stock have become outstanding through the traw—No. 1 wheat, 12.00a12.50 per 4 Mavis Bot 59, | Tana Bank 41es S0y 1oeadsc 53 8 exercise of rights offered holders of the Common Stock of record April 16, 1929 and sale of the shares not so subscribed KNG AT Rt TR BN S100; I Meme” jid A0d Pank &as May isidopd 98 08 for. Additional shares of Class A Common Stock will become outstanding. The proceeds of all of such shares of st Live Stock Market. 7M. 2 Land Bank 412n &3, 19830093, 83 51 | i ion with thi isiti i i Cattle__Recelpts, 300 head: light sup- | 4 st o Land Bine 4128 b _‘,’flg?‘;ggi I have been or a{re toul:e used in ionnecuon nfl_} hce a:;q“!:%t;«;no?l prupe:t'u, pf’rmment mtpr.n\-ements or betterments to ply, market steady. Steers, choice, 13.00| 6 Mi Pow limp.. 4015 G Bank sz NS fere ok properties, or for other corporate purposes. iti properties and permanent improvements to properties, S0 anbieood ](?n{rlr?mtgnu;flsd medium, | 18 Moo s GE BR1010 %:vs‘fl, g:.:f; 4".’:3&'-: ;gflfié;. EE-. fi-f since December 31, 1928, together with those then and since completed and under way, and contemplated, involve ap Helfers, cholce, 1180 to 12,50, good ;?ééfi:éfigni{‘l‘l‘ina‘?fls ot and Bank 55 Noy. 194lopdl. 97 99 | expenditure of more than $10,000,000. Certain of the recent acquisitions have outstanding liens aggregating $2,204,000. k. ’.}‘.;’gw‘;“;‘;m-gfi'}g‘ ";o}’?’-oga § Moniccas a1 # | More bulldings are being contructe| I EARNINGS: The comhdnedde:;mngs olf) the Company and spbsid;ana, including predecessor companies, for the choice, 10.00 to 11.00; fair to good, 9.25 | 1 Mcs Bi of Copamtia. 41 2Ch Preu Tool 51z 43 s | in Halti than at any season previously. twelve months en December 31, 1928, irrespective of the dates of acquisition, as certified by Arthur Lo, J0.00; commonto medlum.’800 10| 3 e i T Young & Company, were: : ; 7 10.25; fair to good. 800 t0 9.25; common 1 &y Berv Gas & | | Gross Earnings i e $8,591,708 to medium, 5.00 to | ? 4 Con Gas B 43¢ | Operating Expenses, Maintenance an axes. . 4,448,533 Shey nd U —Receipts, 4,000 | 11 Contl G APRTY RYH A B g nead: good. suppIC, mATELE " higher | 3 1 Eoettove it W e el Net Earnings .. b $4,143,175 Sheep, 200 to 7.00; Spring lambs, 12,00 '3 iRent & Sl 6 ¥ Fized Charges, inciuding annual interest on outstanding bonds . 12 1joses2t # | = is. 17 : A 1 Det ity G 58 B ‘30 - Hoge—Recelpls, 17 head: light supply, | % $Det Intl €1y 52", Balance for dividends, reserves, etc....... et i ... $3,084,354 market higher. Lights, 11.75; heavies, 1 Dix G _Ga 28 A '37 7 b i i . ", 3. 11.50 to 11.65. medium, 11.85; roughs ; HEMD.O & R Dap 42 g0l a3 ggs Annual dividend requirements on $21,915,100 6% Preferre: .o 1,314,906 7.50 to0 10.30. Light pigs, 10.00 to 10.50" 7 1Fairbanks MoF 53 ‘43 6412 98'3 0412 : "8 PR iaas! mg; 1:}?" w,_._,“.m hogs, 10 to 20 R 1 ireat, Cot Ml £ 48 g1 a1 il | HOUGHT Balance available for depreciation and other reserves, and dividends on common stock. ... $1,769,448 gher than quotations 1y N Br pfd R A aay - . o = . Calves ~Reoeipts. 700 head: fair sup- ynfi?i?fi' L d Folus Hae 8 55 3812 8D 88 BUL, inv The above statement does not give effect to the acquisition of properties which the Company has purchased since Janu- plv. market steady. Calves, 500 to| 2 Nei's 12Gatinesu Pow 51 156 931 g3id 0311 investors ary 1, 1929, the operations of which together with other important developments are expected substantially to increase 15.00; no extras. |1 Newberry 5 Gen Laun Ma 9 i buy on the the earnings. 3 New Haven Ciock . 2 P & i f taot i 8 Ningara Shares ... 1 Coons ran H strength of a GAS SUPPLY: The gas is obtained principally by purchase under favorable long term contracts from other New S P 3N Bem Pnd., o 2 y b UL S, . el g L ucers New Securities 73 Nor, Amer Avialion 0 uii ol i long established 3 in Texas and Louisiana which is augmented by the Company’s production. The Company owns a 115 North_Eastern Fow “ 5 ) approximately 16,000 acres of proved gas leaseholds and 124,000 acres of other leaseholds. "N'EV‘?&;:}F‘ JP\:::E —New securities ‘2 E‘g’i:fi'fi.lw&;yp :5 na"o:‘i & Ga ;zf)%rgoj,:??; :.: TERRITORY: The territory reached by this gas pipeline system has had a steady growth for several years. In addi- offered today include: 00 Seacpens B4 {106 el o tion to the cotton industry and cotton seed oil mills there are timber mills, railroad shops, iron foundries, 1‘“v:rnt:‘rlx‘1‘l°2ndd°lia‘:s Be‘rmcce :Lf rfilnhb;:n: 3 B ; Jedac Wil G merpber when brick plants, tile works, cement factories, and refineries throughout a wide territory and indicating possibilities of + bonds, to matire from 1088 1o 1eat ? e 1 Eioey buying TIRES. increasing demands for gas for industrial purposes. 6 fx“r ’Z‘.‘fl‘:°’l;§°’;‘$fi.,°‘§'§:§°“.’}";o",’}; | ;‘im P-'n’:"dflg 98% "9 1 ass. MANAGEMENT: The Arkansas Natural Gas Corporation is a subsidiary of Cities Service Company and its operations \ and interest. e f:fl: onlo B0 Bl 3 $ —— are supervised (under the direction and control of the Board of Directors) by Henry L. Doberty Bridge Corporation 6 per cent bonds,| ,3henn O Ed ppfd . 103" 103 3 & Company. dui Jlt,xlnekl, lr”lli :o 1940, e 18 Peun Ohio Ed B war 237a 28 !? Prl.ce h' tl' ock ' of Arkansas Natural Gas Corporation ?la.u‘ A common stock, - on aPP cation o bt - atisres S DO ’g Legeiitis in connection with the Clazs A Common Stock heve beew passed upon by Mosrs, Cladbowrne, Stenchicld & Levy, New Yook, end by Wews Frucost, Gray Iron Foundary Co. common stock $ odinson & Sloan, New Vorh. at $1 a share. i gk e 1 Crude Ol Price Advances. B Pearsons-Taft Company Henry L. Doherty & Company NEW YORK, June 3 (#).—The Stoll H TR col BA RO (e peite 7 The statements herein bave been accepted by us as accurale but are in 50 event 1o be construed as represeatations by ws. d - n 0 s of Ol City, Ky., crude oil 15 cents, mak- ing the new price $1.80 a barrel.