Evening Star Newspaper, February 1, 1930, Page 15

FINANCIAL., UTILITIES FEATURE THE EVENING STAR, WASHINGTON, D. C., SATURDAY, FEBRUARY 1, 1930 FINANCIAL. NEW YORK CURB MARKET FRENCH DRAW GOLD VEGETABLE SUPPLY | STOCK AND BOND MARKET AVERAGES Prom Yesterday's §:30 Edition. By the Associated Press. Received by Private Wire Direct to The Star Office ADVANCE ON CURB Other Groups Participate in Upturn in Largest Satur- day of Year. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, February 1.—Public| utilities today led the biggest Saturday curb market this year. The strength of | this group spread to other sections, en- abling the market to close in many in- stances at or near the top for the day. Strength in Unitdd Gas and Lone Star Gas attracted attention to Houston g::f Gas, Memphis Gas and Arkansas Rails were unusually brisk, especially Chesapeake & Ohio new and Pitts- burgh & Lake Erie. Proper Silk Hosiery was a feature of the lower-priced industrials, rushing to a new high. Electric Bond & Share spurted to a mnew high. American Superpower, Mid- dle West Utilities and, Niagara-Hudson Power also were bid for briskly. Eastern States Power B was up more than a point on a string of sales and United States Electric Power performed a simi- lar_feat. Corporation, ams the industrials, ran up nearly a point. Mines were firm. Transamerica rose at times a point and Standard Oil of Indiana was slightly higher near the close. U. S. BUILDING ACTIVITY SHOWS GAIN IN MONTH By the Associated Press. NEW YORK, February 1.—Big build- ing activity in the United States made an auspicious beginning for the new vear in reaching a total of $624,502,000 for all' classes of contemplated heavy construction operations announced dur- ing January, the McGraw-Hill Con- struction Daily reports, This figure compares with $550,120,000 in January, 1929. In the the preceding week and $113,550,000 in the corresponding week last year. Pub- lic work, commercial and industrial lbu\lfml activity continued at ‘a high eve! GRAIN MARKET. CHICAGO, Pebruary 1 (Special).— Wheat was sharply higher today under covering by shorts influenced by the 31, cents advance in Liverpool. ~After the there was pressure when ‘Winnipeg failed to keep pace with our advance. After the first half hour mflt h was 117%s, May 122 and July Corn was higher with wheat. 87%; )n{. 913, and July, 93'5. Oats sold higher. March, 44¢!2; May, 457, and July, 447%. Provisions were unchanged. March, DIVIDENDS.DECLARED. NEW YORK, February 1 (#).— Regular. y- Hidrs. of . recol & of HREA 228 Pe- iod. Q H g Q % Q .50 Q 35 Q % Q q Q o Chler White(J G)Eng pf.id% Extra. Colonial Investors. e ng:r;o:rlr:'nf"t 35 In Carter oy £ Gole~ 8t Milk pd.2.6% Omitted. Cons_ Py . 7 Natam Bo.. %N § e > E, re0dd Fi' OO rH £E . 335 :;-HH g 2% > i) 3 3 . ") (T T T OTOT W T et 200f 2Rt 30000, B Exmman e 3282883338, inf e 00! o% L =5 5! e 3ora= g o Tiv pokic) 0, » G ; i, OFN SEEmES, 50 ol 088 1) c09c00 .‘.gg': g e T e s o3, S F o () Blaunt Bebuntnvhs oy x G Lt SEasgeeeye Seany St s8tes §38 BurnnloSwnmnS8.Suen ISR CERELE PR ’5'1"'5‘5"p~;!!5:3 -g;;gzxzzx:zz: o oo g e e ica, EEENS prr i Aires Pr Tias Co 65 *47 101 Bk 51, 82% Cons 1 2892 geee ? 1, 3 H i ngggg < JO - opera g - H g e o i = a-:—;u- ' .=., i e £ Stock and . Dividend Rate. 8% Aero Sup Mfg B. 1% Aeronautic Ind w: 21% Ainsworth Mfg 32 44 Allegheny Gas Corp. % Allied Aviation. .. ... 125 Allled Mills (80e). .. 35 Allied Pow & Lt. ... 45 Allled Pwr&Lt pf(3) 106% Alu Coof Am pf (6). 275 Aluminum Co of Am. 108 Aluminum Co, Ltd. . 26% Alumn Ind, Inc(13) 4% Am Brit & Cont....., 7% Am Br B El fd shs. . 884 Am Cit PEL A (a3). 14 AmC P&L B (b10%) 23% AmCwith PAbi0%, w Am Control Ofl Flds. 25% Am Cyanam B (1.60) 3 Am Dept Stor 15% Am Equities, .. 226 Am Lt & Tract (10). 1% Am Maracaibeo....., 24ia Am Sol Ch cv pf (3). 23% Am Superpower (1). ¥4% Am Su; bt (6) 5% Am Yvette (new) wi, 17% Amrad Corp (1) 11% Anchor Post ¥ (2) 16% Ahglo-Am vot (73¢). 16% Anglo-Am vot rg 73¢ 16% Anglo Chil Nitra 5% Arkansas NatGas A. 60 Armstrong Cork(t2) 2 Asso-Dyeing & Pig.. 6% Asso-iiec ind Lid. .. 261 As80 G & E A (12.40) 7 As50 G&E A deb ris.. +39% Asso Rayon pf (6) 164 Atlantic See Corp. 24% Aviation Corp of Aun 46% Bancomit new (1.60) 28 Bliss Co (kW) (1., % Blue Ridge Corp. ... 33% Blue Lidg cv pf (a3). 6ols Buckeye P L (4).... 3% Burma Corp (131€).. 12 Butier Bros (1.20).., 3% Cab&Wire LtdA rets 1% Cab&Wire Ltds rets 44a Cab&WireLtdpf reis 8% Cun MArconi......es 5 Carnegie Metals 29 Celanese Corp Celluloid Corp . 22% Cent & Southw Util, 34% Cent ¥ Sv A (al75). 1y Cen States Kl (34ve) ¥% Chain Stores Dev. 12% Caain Stores Stoc! 22w Charis Corp (13). b3t Ches & Ohio (new). . 26l Cities Service (33vc) City Mach&Tool(t2) o2 Colgate-Fal-¥ (234), bW Colon LIl. 4 » cE® EaBealcane 9 7 1 1 % % Y 129% 129% 128 8: 1% 1% 11% 3 5 5 508 260 28 2 5 260 2 260 1% 28%- 28% 284 819 28% 295 e 2 96k Y64 W6L 9 2 13 3 4 49 4Bk 4% 4Bl 20 L 18% 11% 1Tl 17 19 O (LY 19 13 1T% 17% 19 i 9 6% N 8 49n 49 1 11 30 62 1 3 2 3 1 1 7 10 81 4 5 5 19 1y b 18% 11% 17 17 19 2% 6% 9 49 19 B0 3e% zom 6 49% 50 27 Sy 8% B 49% P B4 Lo B9% By 29 85 3% 30 384 3 291 88 3% 65h 68% 68%. kY 1% 8% 1% Pt B3 6 3% 12 2 30% 31 26im £y 6 30% 17w 25 15 8b% 35% sb% 7 10 1 1 44 330 1 1 A 1 44 1z 4 9bW 95 95w Com'with & S pt ( 34 Com'wlth kdison (8) 954 Comwith Fow pt (6). 12\ Com Wat Ser (b6% ) 4 CAMCoett 1% CA M Cocu o Consolidated Cop) 13% Con Dairy Prod (32). YUk Con Gus, Ballo(3.60) z1% Con Gas UL A (2.20). 4 Cons Instrumen 10 Cons Laundries 19 Crocker Wheeler 43 Cumb'lnd Pipe L 1% Cusi Mex Mining 3 Dayton Air & En, 128% Decre & Co new w.| 2i De Forest Radio, 4% Derby Oil & Refl 5 Detroit Aircraft 104 Dix Gas & Utili 29 Donner Steel. . 12% bouglas Aire (75¢). . 100 Dow Chemical pt(7). Y Dubiller Cond&Had. . 145 Duke Power (35).... 4% Durant MoLOrs. ..uee 13% Duval Tex Sul w.d..o; 25l Kast Gas & F Asso. . 18% kast States Po B(1). ‘o kimwtern Uil inv A, 1bi kdison Bros Strs(1). Eisler Electric (1%) K1 Bond & Sh (bS). .. 161 klec Sharenldg (31). 14 Ismpire Kire Ins. ..., ¥l EmpG Fcumpf (8). 40 Empire Pwr Corp(2) 19% ISmp Pub Sv A(1.80). 4 Kvans Wallow Lead. 1% Fabrics Finishing. .. 2l Fageol Motor. .. 3 Kairchid Aviatio 5 Fansteel Products 33% Federal Screw (3. 1% Fiat Stk deb rt 17% Fiat Stk deb ru 100 Klorida P&Lt pt (7 18% Fokker Aircraft, 6 Foltis Fischer Coj 294 Ford Motor Can A. 10% Ford Motor Ltd, 6 Ford Mot of Fran, 17% Fore D Pr pf (1.60 33 Fourth Nat inv 2t Fox Theat Cl A 3% General Baking. 40% General Bak pf (6).. 11% Gen E Ltd rcts (60¢) 21 Gen Empire Corp.... 13 GenGas& El (A). 10% Gen Indus Alcohol, ., 8 Gen Laundry Mach.. 9% Gen Rity & Utilitles. 69 GenR& Utllpf (6)., 16% Gilbert (A C) (1) 11% Globe Underwriter: Gold Coin. 3 Golden Ce; 85 Goldman Sachs (b6). 89% Gray Tel Pay Sta 125 31% Graymur Corp.. 285 GrA&PTnv (5) 115% Gr A & P Tea pf (7). 12% Groc Stors Prod vte. 38 Guardn Fire Assn(2) 183 Gulf Oillof Pa (1%). 12 Hecla Mining (1).... 9% Houston Gulf Gas... 8% Hudson Bay M & 8.. 78 Humble Oil (2)...... 37% Hydro Elec Serv (2), 25% Imp Ofl Can n (50¢).. 20% Indian Terr Illum, 54% Insull Ut Inv(b6% 1 b 2 2z 7 15 25 i 15 22 7 15 23% 28% 23% oble bl bd% 2Y% P 1 67 30 21 1% 67 29% 21 1% 67 oL% o2 b52% ol 4% o Rl b A% 108 254y 2544 26ty ¥6ls . 96% U6ly 18% W* 1w 5. 14% 18% b 1w \ 14% 13% " % 7 14% 6 105% 106 105% 7 5 24 4% bk % 24 4% 8 124 lzm 124 4 S B 3 2 31w 314 31% 14 18k 18% 12k 1 Gl 6 i 3 18% 18% 18% 52% o2% b2w bus 1 1 34 3% 4 180% 1305 44 uw 2 El 1 i 3 [t 5 6 16% 29 13 1 ° L] bk 164 29 13 1 3% 1294 B4 5 b 16% 29 13 208 100% 100% 100% 5 Y Yk B 1 197% 197% 197% 3 b o 5 1 18 18 18 1 2% 2Th 27% 36 b 1 5 4 26 1z 26 12% 26 12 16% 16% 16% 17l 106 27 17 105 2% b z8% 8w 4 8b% U5 85 8 4 1 0% 14 100 20% 15% 100 45 zl % 3% 2 4h 10 1T 800 935 Yo% 931 105 27 84 20% 14% 100 48 21 % 3% 2% 4 10 1 36% 6% 364 4 8 1 6 1 10 % 20 100 18% 6% 30 3% 20 18% 6% 30% 3% 20 100 13% 6% 20% 16 10% 10m 10% &9 7 1 8 17% 17% 17 5 39% 9% B9% 4 1 1 4 24 M 3 3% 28 3l T 3 % 23% 3% 36 425 424 ¥ 11% 11% % 3 3% 23% 3% 40% 11% 1 21% 21% 21 140 140 145 2 1% 11% 1% 400 8 6 13% 13% 2 Bl 81w B1% 8 13 1 384 u#BW 38y & 13% 17 14 6 44% 46 10 Insull Ut In 2d pf 6..100s 69% Ins Coof N Am (13). % lntercontinent Petn, 20% intl Petrol, n(62%e). 82% Intl Superpow (11). 844 Iternatl UtA (3%).. 6% Internatl Ut B. ... 1% Internatl Util (war), 10% Interstate Equitl, 12 Irving Air Ch (1.50). 9% Italian Superpow A.. 14% Lefcourt Real(11.85) 29 Lefcourt Real pf (3) 103 Leh Coal & Nav (4). 76% Lehman (The) Corp. 1 11 144 12% 14% 12% B4 2% 121% 144 12% 15 124 84 2% 26 % 126% . 108 243% 248 2431 308 117 117 18 44 142% 12 14% 124 83% a2a 12 21% BT 121% 256 82% 83% 82% Securities FITKIN INTERESTS BUY ATLANTICUTILITIES STOCK Fitkin Securities Corporation, holding company recently organized by the Fitkin interests, announces the or- ganization of Eastern Serviee Corporation, of v;hlch rlfl Corporation and associaf companies will own or control not less than 94 per cent of the common stock. Eastern States tion in & Gilbert, Inc., of Boston & nantly controlling interest in class “B" common stock of Atlantic Public Utilities, Inc. Atlantic Public Utilities, Inc., through subsidiaries, lu?glhs electricity, water, gas, ice and col other miscel Btates Public Se; turn has acquired the . ‘from. Chase factlities and Public | boro, laneous se) to over 300 unit} in 16 States along the At- and net sets at the 000,000, of which represented by Middle West. in Maine, ‘West. 83% lantic seaboard and in the East and Operations are centered Pennsylvania, Ohio, Virginia, Virginia, Kentucky and North and South Carolina. Among the are Savannah and Augusta, noke, Va,: Greenville, 8. C. N. C.; Paducah, Ky, and Prov- incetown, Mass. For the 12 months ended November 30, 1929, gross revenues were earnings $2,633,096. above da ‘Wer nearly $57,000,000 rep the mangn‘s&z‘ in Tiea Will Be under the. mansgemen United States Engineering Coi the management and engint sidiary of Fitkin Securities Corporation. ~Prev. 1930.~ . Low. ) - 1 48 Mayflower Assn 8% Met & Min Inc 10% Meémph Nat Ga: 1% Mesabt iron, 24% Met Chain St . 22 Midl Unit (b134%). . 26% Middle Wat U(bs% ) 344 Mid West Ut B war. . 1% Mid West Ut A war., 16% Mid Royalty cv pf 2. 13 Miss River F Cp war 18% Mo-Kansas Pipe L. Monroe Chem (1% 1% Montecatini deb rt; 7% Nat Amer Co 1.20)' Co.. = 17% Natl Fam Strs (1.60) 25% Nat Fuel G 124 Nat Inv 29 16% Nehi Corpn (1.30). 25 New Brad Oil (50¢).. 105's Newmont Min (34). . 18% New Hav Clock 11% 22% N Y Invest (1.20).. 15% N Y Merchandise (2) 3 Niag Hud Pw A war. 11% Niagara Hud P(40c) % Niag Hud Pw B war, ara Shares Md.., Bement Pond.. 12% Noma El Cor (1.60) 84% Noranda Mines (3) 21% N W Engineer (2)... 5% North Am Aviation. . 7% North Cen Tex (60c) 170 North St Pow A (8).. 50% Northern P L (15).. - 22% Novadel Agene (2).. 1 Ohio Copper. 69% Ohlo Ofl (2). 814 Oflstocks,Ltd A $50e 10% Outbd Mot A (1.80).. 3% Outboard Motor (B). 69 Otis Elevator new. 125 Pae Western Oil. 1 Pandem Oll.. 11% Param C Mfg (2.40 11% Penn Ohio Ed B war. 105 Penn O Ed pr pf(7) 13 Pennroad Corp...... 73 Penna Wa & Pwr (3) 92 Pepperell Mfg Co (8) 30s 19% Petrol Corp (1%).... 64 10% Pilot Rad T A (1. 10 Pitney B P n (20¢c) 111 Pitts& L E (5).. 26% Plymouth Oil (2) 9 Polymet Mfg (31)... 59% Powdrell&Alex(3%4) 8l Prince & Whitely 85'% Prince&Whitely pf3. 14 Propper Silk H M (2) 93 Prudence Co pf (7) - 2 CrHaER- PHANRS NN SN AR RS AN~ ARANR RSN ABRHARRARNSNAR DR A~ R ane s - 3% RainbowLumProd B 16% Rel'nce Managemnt.. 12% Ry & Util Inv (A)... 16 Radio Products (2).. 17% Reliable Strs (b5%). 8% RainbowLumProd A 71 Republic Steel n wi. 92 Rep Steel cum pf wi. 5% Reynolds Bros Ine. .. 22 Reynolds Metn 2.40. 26% Roan Antelope Min. . 19% Rockli 14% Rus: 19% St Regis Paper (1) 10% Salt Creek Prod (2 S0 I N B DA N BN S N RE NSNS N Scovill MIg (4).. 10% Seiberling Rubbes Selected Industries. Seton Leather (2). 8% Shattuck Den Min. .. 51l Sheff'r Pen (WA) (2) Shenan Corp pt(a3) 16% Sisto Fin Corp. % Sonora Products. 40% South Penn Ol (2) 108 SEP&LDpL(7). 24% So Cal Ed pfB(1%) 4% Southern Corp. T% S W Gas Util. . Sple May S pf (6%). Stand Oil Expt pf(5) 52 Stand Ol Ind (23). 38% Stand Oil, Ky (1.60). 344 Stand Oil, Neb(1314) 81 St Oil of Ohto (2% ). 150s Stand Pwr & Lt. B... » el Stein Cosmeties Ine. Stromberg-Carl (1).. 1% Stutz Motor Car, Sun Inv pt (3). 8815 Superheater (13%) 31% Swift Intern’l(2%) 19 Taggart Corp (1).... 4% Teck Hughes (60c) 18% Thermoid Co (2).. oy 44% Todd Shipyard (4). 1% Tonopah Min (15c) 41% Transamer (31.60). 414 Trans Afr Trans ofs. 18% Transcontl Ofl (30¢) 4% Tr-Lux DL PS8 (A). 4 Tri-Cont Corp war.. 11% Tri-Continental Cor, 7 Tri-Cont Corp pf(8). 40 Tri-Util Cor (31.20) . 140% Tub Art Silk B (10). 2¢ % Unlon Tobacco...... 11 Utd Carr Fastnr 1.20 82 United Ch pt pf (3) 14% United Corp wa % United Eastern % Unit I Ser pur 19% United Gas Co. 27% Unit Lt&Pwr A 97n Utd Lt & Po pf (6).. 1% Unitd Profit Sahring 18% U S Elec Pwr ww 22 U S Finishing (32 17% U S Foll B (1) 4z U S Gypsum ( 60% US&InSctf(2%) 14 U S Lines pf (50¢). 11 Unit Verde Ext (4) 2% Utah Apex (50¢). % Utah Metal & Tun 14% Utility Pw & Lt(al 17% Utility & Ind. 2414 Util & Ind pf (1 10% Utility Equities. 93% Vacuum OIl (t4%).. 8% Waltt&BondB(1.40). 54 Walgreen Co. 10 Walker (H) (1) 4% Walker Mining. . 8 Wayne Pump..... & Wenden Copper.... 184 West Air Exp (60¢) 15% Wil 8 R C (1.40). 3% Winter (Benj). ¥ “Y" Ol &G 18% Zonite Prod (1.60).., RIGHTS. Expire. 1% 1% Baltimore & Ohlo..Mar. 11 1% % Crocker Wheeler ..Feb. 24 13 12% Liggett & M. Mar 12 3% 2% So. Cal. Edison....Apr.13 10 .01 Trans Corp........Mar § Dividend rates in dollars based on Dayment. 'Ex-dividend. tPartly o M NANBHNa—® A NN S ANEAR ARG INN B A SR AN RSN NA AR A S M DB wo - - 2% 116% 1 20 26% 170% 1 b4 2T% 1 0% B 12% b4 % 13% 1 13% % 12% 1114 1 13% 82% 100 1 22% 111% 1 21 1% by 110% 1 256% 6% kil 140% % 15% B32% 19% % 1037 1 2% 18% 214 21 45 64% 15 11% 2% L) 18 17% 26w 18 20 % % % 7 12% 12% 12% 13 3 3 10 .04 .04 .04 ON LOW BANK RATE Further Reduction to 3 Per Cent for Discounts Inter- ests Financial Centers. 9% 1 BY CHARLES F. SPEARE. 16% 21 12% 2% 8% 8% | 18% 26 16% 334 22 2% 13 20 26% 10% 23% 3% 14% 8% 12% 36% 18% 40% 26% 5% % 12 54 27% | . | SPecial Dispatch to The Star. NEW YORK, February 1.—While the | Bank of England governors yesterday were deliberating over their rediscount policy, and again decided to make n change in the 5 per cent rate, the heads of the Bank of France met the open market money situation in Paris and for the first time in two years reduced their rediscount rate to 3 per cent, the lowest in Europe. This announcement had tremendous interest in international banking cir- cles, both as an evidence of the de- clining trend of money rates through- out the world and of the growing com- petition between London and Paris for supremacy in these markets. Bankers here were of the opinion that the spread of 2 per cent between the English and French rediscount rates would probably not continue and that the action by the Bank of France would be further rea- son for a reduction in the Bank of England rate. This has been scheduled | to follow a cut in the Federal Reserve Bank rate in New York from 44 per cent to 4 per cent, although the latter has been less talked of recently than in the early part of January. On January 19, 1928, the Bank of France reduced its rediscount rate from 4 per cent to 31, per cent, where it had stood ever since. Meanwhile, rediscount rates all over Europe climbed up sharply. That of the Bank of England went to 612 per cent when New. York was draw- ing funds from London to help finance the stock speculation here. Relatively sharp advances were made in Scandi- ;nvlnn countries, in Italy and in Hol- land. Throughout this period France con- tinued to draw gold and, to fill the vaults of the Bank of Prance to over- flowing with the yellow metal. There has scarcely been a week in the last % | two years when the gold holdings of 11% 13% 88% 00% 22% 14% 27 the French institution have not shown ) a gain over the week previous. The last report of the bank shows a substantial increase in gold over the week previous. Compared with a year ago, the Bank of France gold is up nearly nine billion francs. In contrast, the credit bal- ances abroad of the institution have declined approximately 40 per cent, be- " ing less than seven billion francs at 21% 4% 18% 13% 19% 18% 9% 73% 925 6 25% 30% 21% 1M 22% 10% 4 58 15% 104 76 4% 13 84 b5 9% 6% 18 * 40% 10% 25% | 6l % 821y 971 8 16% 83 44 48 % 15% 32% 19% 38 03% 1% 18% 1% % 12% 3 04 Iast quarterly or semi- extra. $Plus extrs in stock. & Payable i cash or stock. bPayable in stock. d Payable in preferred stock. citles served Ga.; Roa- Greens- 7,829,062 otal as- ‘e over $62,- was plant - of ration, sub- HUGE TIN MERGER 18 8o Weat 1 COMPLETED IN LONDON |. % izz Special Dispatch to The Star. NEW YORK, February 1—Final de-| tails of the merger of five tin companies into the new London Tin Corporation, Ltd., with & capital of £2,250,000, were completed today. At separate class meetings of the corporation a resolution confirming the right of the preference shares to a cumulative dividend of 7% per cent and their participation in residuary profits up Yo a total of 10 per present. as against nearly twelve billion francs in January, 1929. ‘The only countries in Europe that have had as low a rediscount rate as France are Switzerland and Holland, which are still quoting 3'2 per cent. Holland is at 4 per cent. Nor- way and Denmark are down to 415 per cent. This year Germany has re- duced her rate to 6% per cent, which is still the highest of any leading Eu- ropean nation. PAYé EXTRAV EI)IVIDEND. BALTIMORE, February 1 (Special). | —An extra dividend of 35 cents per | share, in addition to the regular semi- | annual dividend of 50 cents per share, has been declared on Colonial Investors shares, payable February 15 next. This is the second extra cash dividend of 25 cents per share paid to stockholders, the last one being paid August 15, 1929, CHICAGO STOCK MARKET. By the Associated Pres: CHICAGO, February 1.—Following ‘is the complete official list of transactions {in stocks on the Ohicago Stock Ex- change today: Sales. TOCK. 50'Acme _Steel 100 Addressograp 50 Alnsworth M| 100 Allied Mot In 1050 Allied Product: | 180 American Color 300 Am Com Pow High. Low. Close. 98V, 98V 98’ 800 Am Servi 300 Art Metal. 72 Asso Tel Util 50 Banco 1530 Bastian-Blessing 30 Baxter Laundries L o ] bt v, & con Rys pf 1 orp. Corb Investos 600 Chicago Investo) 300 Chicago Yellow Cities Service. 5. 858! DAt LU BRA s wSewse . 823552 G 50 Great Lal 2250 Grigaby-Grunow . 100 Hormel & Co .. 1300 Houdaille-Hershey A 6100 Houdallle-Hershey 1 350 Katz Drug Ken-Rad T 100 Keyatcne Steel Leath pfd ul Refining . 200 Manhattan Dearbor) 100 McGraw Elec . Gear B...... 300 Muskegon Motor Spec 101 n _8pri 0 Nat Leathe DELAYED BY SNOH Bad Condition of Roads Leading to District Inter- | feres With Haulers. | Miserable .condition of roads leading to sparsely settled communities off the ! State roads and boulevards in Mary- land and Virginia, making it difficult for the movement of motor vehicles from such sections, resulted in a de-Y creased number of haulers of poultry, eggs and farm produce on the farmers’ line in the wholesale district this morning. In several instances, according to | haulers in evidence this morning, per- sons residing near railroad stations abandoned their trucks and patronized express companies in order to get their commodities to the local market. This change in means of transportation meant added cost to the haulers, but prevented disappointment to their reg- ular patrons. Scraping of the State roads and boulevards in both Maryland and Vir- ginia, the work starting soon after the roadways were fairly coated with snow, proved a boon to haulers who were only short distances from the high- ways, and so far as reports received were concerned practically no accidents resulted. Snow Impedes Haulers. It was stated that some few haulers who started in this direction yesterday encountered such heavy snow in places that it was next to impossible for them to make any headway. Removal of drift snow enabled some few haulers to drag along tp the State roads and eventually reach the local market, ar-| rmn{ far behind their ordinarily gched- uled time. > A fall of 8 inches of snow reported in the Norfolk, Va., section hampered the | work of growers of green vegetables there, causing a complete abandon- ment of the cutting of kale, spinath and collards, and trucks which left here to return with supplies yesterday prob- ably will not return until the melting of the snow makes it possible to re- new the work of gathering crops. Failure of Norfolk shippers to fur- nish supplies of greens did not leave local dealers without supplies of such vegetables, however, shipped-in vege- tables from Florida, California and Mexico meeting demands. Poultry dealers this morning had plentiful supplies of turkeys, chickens, ducks and geese. Receipts were not quite as heavy as probably would have been had it not been for the storm, but dealers were able to meet all demands at prices they termed reasonable. Meat, butter and egg prices were about the same as prices quoted yester- day, dealers reported, and business was fairly snappy. Today's Wholesale Prices—Jobbérs’ Prices Slightly Higher. Butter—One-pound prints, tub, 41a42; store packed, 25a30. Eggs—Hennery, 38a39; fresh selected, 38a39; current receipts, 37a38. Poultry, alive—Turkeys, young, 32a33; old, 27a28; Spring chickens, large, 28a30; medium, 28a30; broilers, 32a33; Leghorns, 28; fowls, 28a30; roosters, 20; ducks, 15a18. Dressed—Turkeys, young, 36a38; old, 32a33; Spring chickens. 37; 38a40; horns, 35; fowls, 30a32; roosters, 22a23; capons, ; ducks, 28a30; keats, 50a60. Meats, fresh killed—Beef, 23a25; veal, 28; pork loins, 28; fresh hams, 25; fresh shoulders, 20; smoked hams, 2. |27; smoked shoulders, 22; bacon, 25a2 lard, in bulk, 12%:; in packages, 1315, Live stock—Calves, 17; lambs, 13. Fruit and vegetable displays in the commission house district this morning contained no suggestion of Winter weather having been experienced in Florida, California and other States from which mlncm:;:cluged fruits and vegetables are bel ipped. gflure was a sll:‘\t blow reported in Florida,” remarked a merchant, “but 42a43; “ | shippers have not sent advices of dam- age to growing crops.” ';cnwberrlu continued scarce and high this morning, but their scarcity was not due to weather conditions. It was merely a case of between seasons, local dealers were advised, and ship- pers suggested the probability of the 4 picking of the second crop or late ber- ries about February 10, when increased shipments and lower prices are ex- i cted. Oranges and grapefruit, mostly from rlcrldl.':he former in moderate and the latter in light supply, were received in quantities sufficient to meet demands at prevailing prices. Both fruits were re- ported in moderate demand, the market continuing steady. Oranges were quoted from $4 to $4.75, while grapefruit brought $3.50 and $4. Cuban pineapples also were among the fruit offerings, prices mined by size and conditio fruit. The demand for them was light. Small quantities of grapes, imported from gium, were among the show fruits offered, prices, according to deal- ers, being much lower than usual. Other Receipts. Apflflu werr reported in moderate supplies, meetiny a light demand, Vir- ginia Yorks, barrels, selling at $5 and $5.50, some in ordinary condition selling as low as $4. Staymans were quoted at $6.50 and $6.75 and Black at $5.50 and $6. Box stock from Wash- ington and Oregon were offered from $2.75 to $3.25. Bushel baskets of various varieties of apples, mostly from Virginia and Pennsylvania, were offered at prices ranging from $1 to $3. Much of the Shenandoah Valley stock came from the Winchester section by motor truck. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. FOR RENT Furnished, One Room and Bath Non-house- biic Tny ther 50 National Repul 800 Nat Becur Invest 250 Nat Secur Invest cif:. 8 400 National Union Radio 100 Noblitt-Spar] 4 150 North SRPESE [Provenee SEASERERSERLS [oopaur, SECASERERSER. S8R, FEEFTESE F& FFESE &R ni o. Stock sales today. 310.400. BONDS. 3000 Insull UL 88 40 LAk keeping Apartment, with maid service. Reasonable Rental THE ARGONNE 16th & Columbia Road ¢ Offices for Rent in the Edmonds Building 917 15th St. N.\W. Opposite MacPherson Square The Wall Street of Washington Alligator pears, grapes, bananas, tan- gerines and lemons were other fruit offerings this mcnnns. Green vegetables from nearby ..nd the Norfolk, Va., section were not very plentiful this morning, the heavy snow- 1all having put a temporary stop to the gathering of crops. As soon as th snow in the two sections clears awa: it is probable that increased receipts will reach the local market, especially the receipts from the Norfolk section. Lima beans, received in small quan- tities from Mexieo, claimed atten of retailers, but were not in heavy de- mand at $8 a crate. There also were some peas from Mexico to be had around $4¢ a crate, California stock selling at $5 and $6. ‘Tomatoes, some of unknown origin, were in light receipt. They met a light demand and dull market, dealers reported. Prices ranged from $3 for slightly spotted stock to $5.50 for the best Florida stock. New cabbage, product of Florida, 115~ bushel hampers, type, sold at $2 and $2.25, mostly the higher price. Light supplies of old cabbage, mostly from New York, 100-pound sacks, Danish tvpe, sold around $2.50. Moderate receipts of celery, lettuce, onions, potatoes and beets were re- ported. Dealers reported light receipts of spinach, caulifiower, and car- rots, and very light receipts of peppers and cucumbers, .. ‘WHOLESALE PRICES. By the Assoclated Press. Wholesale prices last week, as worked out by the Census Bureau index, were slightly higher than averages of the preceding week, though markedly lower than they were a year ago. Figures which follow, give the index for the period, based on 100 equaling 1926 prices, and for comparable periods, while in addition, the selling price of a composite ton of finished steel grod- ucts for the same periods is given: All Com- Steel. modities. Week ending Jai 33 9.7 Preceding weeks Game week last 1435 K St. FIRST Over a Third of a Century Without a Loss HANNON _ Managing Avents 1435 K St. NN\W. Nat'l 2345 National 2100 1 Q THERE Prsuips 61/2 % Sefs Our Latest Booklet—J-3—Upon Request THE INEXPERIENCED runs no risk when he buys our 6!2% FIRST MORTGAGES There is absolutely nothing speculative about them. interest is fixed—in amount and periods of payment. The principal is safely secured by conservatively appraised Wash- ington real estate. A sound in- vestment. May be purchased in amounts from $250 up. B. F. SAUL CO. SUBSTITUT! 90. Total sales (par value), $9,190,000. (Copyright. 1930, Atandard Statisties Co.) I. T. & T. AUTHORIZES $50,000,000 BOND ISSUE ‘The International Telephone & Tele- graph Corporation, after a special meeting of the directors Thursday in New York, announced that to provide funds for its corporate purposes, in- cluding the discharge of indebtedness contracted in financi improvements and extensions made during the past year to the properties of associated op~ erating and manufacturing companies. it authorized an issue of 25-year 5 per cent debenture bonds in the prin- cipal amount of $50,000,000. The bonds are to be dated February 1 and are to be redeemable as an en- tirety, at the option of the tion, upon 60 days’ notice, at thmwln: prices and accrued interest: On or be- fore February 1, 1940, 110 per cent: thereafter until and including February 1, 1944, 10715 per cent; thereafter un- til and including February 1, 1948, 105 r cent; the: r until and includ- ing February 1, 1952, 102, per cent, and thereafter 100 per cent. The bonds have been purchased by J. P. Morgan & Co. for the account of themselves, the National City Co. and other assoclates, who will make an offering of the issue. TREASURY BALANCE. The United States Tre: 3 announced today as of clole““g wmm.n" January 30 was $100,007,377.31. toms receipts for the month to date were $39,741,195.06. Total ording o ndit ,924,504.14. B Councilor & Buchanan Certified Publle Accountants Wm. Gordon Buchanan Tower Bullding National 611061116213 (Telephone Directory Omission) We Solicit the Rental Management of Your Property Whether Apartment, Residence or Business Prompt Collections RENTS REMITTED THE DAY RECEIVED Our Rental Department is Most Complete and Efficient. We offer co-operation at all times in the solution of Ownership Problems. Randall H. Hagner & Co: Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Ave. N.W. Phone Decatur 3600 Many forward look- ing business men, pro- fessional men, salaried men consistently invest a portion of each year's income in First Mo&gage Notes at Nat. 2345 MORTGAGES INVESTOR The | 925 15th St. N.W. FOR - SAFETY