Evening Star Newspaper, February 6, 1930, Page 15

FINANCIAL, " R%P A1S [BRITISH DISCOUNT RATE IS REDUCED Dividend Rate. Low. _ Dividend Rate. ualom Onen. High, u; cxu;. Recent Inflow of Gold to England United Chemical C 1 % 2% Venesuela Ptm(20¢). 2% 8% 2% 8% s % United Ch pt p (3)., 8 Viek Fin Corp. §15 815 8w Results in 4 1-2 Per Cent United Corp war. Charge. FINANCIAL. THE EVENING STAR GURB TURNS QUIET - IN PROFIT TAKING WASHINGTON, D. C, THURSDAY, FEBRUARY 6, 1930. Notice—All stocks are sold in one hundred-share lots | ~Prev. 1030.—~ excepting those designated by the letter s (65s) (283s), | Hish. which shows those stocks to be sold in odd lots only. 5% e Low Divteend Bate. ASCS oA mut, 12 High. Low. vidend Rate. 3 ¥ . 48% 44 Aeme W Co vto (32).. 48% o e k o Sales— idend Rate. Add 00. Hollinger Gold (60c) 2 Horn & Hard (234 1 Hudson Bay M&S.. 46 Humble Oil (2). Higher Opening Brings Out | Offerings—Utilities Are Again Featured. BY JOHN A. CRONE. $pecial Dispatch to The Star. NEW YOREK, February 6—Stimu- lated by the Bank of England rate cut and prospects of a reduction being ordered here by the New York Federal Reserve Bank today, the curb, after opéning higher, encountered consider- able profit-taking and slackened sales as_trading progressed. Power and light issues, the early lead- ers on the upside, were the first to ease. ‘This reversal was due to technical market conditions, but may have been ocoasioned by the proposal of a New York legislator drastically to curtail utilities in this State. His statement was used by brokers to recommend switching from New York State to other utilities. Electric Bond and Share went up % point at 98': on 7,000 shares, then backed and fiiled, gradually falling 2 points. American Superpower hovered around 29, or off more than % point. American ‘& Foreign Power also re- acted, but Middle West Utilities and Insull Utility held their early gains fairly weil. The oils ranked second in volume, being led by Cities Service, Indian Ter- ritory and some of the Standards. Standard of Kentucky was up nearly a point and Standard of Nebraska gained a point in response to an extra dividend declaration. International shares featured early trading, = advances including Hydro- Electric, Brazillan Traction, Utilities Power & Light arid’ Ford Motors, Ltd. " Ford Motors Limited was whirled to & record high for the year, following persistent rumors of an early dividend. ‘This depends on procedure of Ford of France and Ford of Germany. Opel, the nearest German competitor, reduced prices today. Fiat Debentures at 21's shewed a gain of % points. New Jersey Zinc Tan up 3% on & few sales before a report on January gains in tons and stocks were made public. Noranda climbed 1!, before meeting realizing. Coppers were some- what better on the belief that present buying may erase the estimated 30,000 tons added to stocks in January. NEW YORK COTTON. NEW YORK, February 6 (#).—Cotton opened barely steady at a decline of 15 to 23 points today under a renewal of more or less general selling, which was evidently stimulated by reports of deelines of Liverpool and Egyptian cot- ton at Alexandria and in the Bombay market. ‘There was trade buying and cover- ing, but it seemed to be quite readily supplied and by the end of the first half hour ‘active months were selling 23 to 25 points net lower. This decline car- ried March back to 15.80, or even with the previous low level, while May and later deliveries made new low records for the season.” May sold off to 16.04 and Octob.. to 16.45, with May at this price showing a decline of 38 points from the high level of yesterday. « _ Liverpool cables said that continental and Bombay liquidation had been ab- by coverings and that the latter had been promoted by the reduced bank rate. The decline in Egyptian cotton was attributed to a bearish estimate of the Sudan crop. PENNSY STO&K MEETING. By the Associated Press. NEW YORK, February 6—Stock- holders of the Pennslyvania Railroad at the. annual meeting April 8 will be lsh_fi: a8 increase in the autho! sm stock from the pres- ent $700,000,000 par value to $870,- 000,000. It is understood that there is no plan to issue any additional stock in the near future, but that as the issue of $90,000,000 authorized last November leaves only about $30,000,000 of un- issued stock, the management feels that future capital requirements should be rovided for. Other matters to come fore the meeting are the leases of the West Jersey and Seashore Railroad and the Western New.York and Penn- slyvania Railroad. NEW YORK BANK STOCKS. NEW YORK, February 6 (#).— New York.... United Staies. BANK CLEARINGS. NEW YORK, February 6 (Special).— Seiikest <ieat HENIED S Shriais g P IR oababblion D ISOtSG 151000000 155,000,000 Y. Fed. Res. credit baiances 144,000,000 121.000,000 BONDS ON THE CURB MARKET. Bales in DOMESTIC BONDS. sands, High. L ama Pow 55 '56 102 2 Pow 4135 67 94 23 Alabam 2 Aluminum Co 53 a5 733 862 C102% © 1028 65" 41 Cons G Bal 4% G '69 10 Cont GAE 55 ‘A '58.. Cont Oil 5;8 37 Det C Gas 35 B Edis Elec Bos 5s Firestone Cot M 5 48 R 3 Inter Pow Sec 7s E 57 98 30 Miss Riv FI 65 '44 ww 111'3 10% 16 3% 17% 17 108 225 1 * 24%: Aviation Corp of Am 115 8 Aero Sup Mfg B. 13% Aero Underwriters, 21% Alnsworth Mfg 33%. 3% Alr Investors vte. . 111 Ala Pwrcum pf (7) 16 All Amer Gen Corp.. . 45 Allled Pwr&Lt pf(3. 764 Allied P&L 1st pf(5). Aluminum Co, Ltd. 37% Am Cit P&L A (a3). 14 AmCP&LB (b10%) 231 AmCwith P A b10%. 3414 Am Cwith PBb10%. 3% Am Cmwith Po war. % Am Control Ofl Flds. 25% Am Cyanam B (1.60) 113% Am Gas & Elec (31).. 10 Am Invest IncB. 43 Am Investors ( Am Lt & Tract (10). 275s 664 Am Mfg pf (5). 1 ). 23% Am Superpower (1). 94% Am Super 1st pf (6) 3% Am Thread pf (25¢). 5% Am Yvette (new) wi. 11% Anchor Post F (2)... 162 Anglo-Am vot (73e). 15% Anglo Chil Nitrat 2% Anglo Nor Hold. ... 16% Anglo-Am vot rg 73e 167 Ang-A n-v. cod r 73e. 42 Ang Co DpfA (4) 9% Arcturus Rad Tubs & Ariz Globe Coppe: 8% Arkans: 8% Arkans: 102 Ark Po & Lt pf (7).. 18 Art Metal Works(3) 2 . Asso-Dyeing & Ptg.. 61 Asso-Elec Ind Ltd. .. 36% AssoG & E A (12.40) 7 Asso GRE A debrts.. 1% Asso Laund (120c). % Atlant Fruit & Sug.. 15% Atlantic See Corp. 14% Auto Music (A) (1) % Auto Voting Mach. Aut V Mcv prpt (2). Axton-F Tob A 2% Bahia Corp... . Bell Tel Pa pf (6%4). 5 Bellanca Alrcraft. ., 31% Blaw-Knox Co (1%). 23% Bliss Co (E W) (1) 6% Blue Ridge Corp 33% Blue Ridge cv pf. 27% Blumenthal (S) 63 Bohack (HC) (2%). 36% Brasil Tr & Lt (2)... 10% Brill Corp A (2.60).. 681 Buckeye PL (4).... 24% Buf Niag&EPpf 1.60. 32% Bulova cv pf (3%).. 40 Burco, Inc cv pf (3). 11% Butler Bros (30c)... 5 Bwana M Kubwa. 1% Cab&Wire LtdB rets 4% Cab&WireLtdpf rets ] pa & BrnSlcmnka o maam~Sne e £3100 00 00100 50 1 00 891 1 1S e 1 El (340c) 8% Chain Stores Dev. .. 12% Chain Stores Stock. . 584 Ches & Ohlo (new). . 97% Childs Co. pf. (7).... 26% Cities Service (330¢) 88 Citles Serv pt (6)... 8% Cit Serv pf B (60c).. 63 Clev El lllum (1.60). 3% Club Alum Uten. ..., 18 Clev Tractor (1.60).. 52 Colgate-Pal-P (2%). 5% Colon Oil. . cene 20 Colum A P cv pf (2) - % Columbla Syndicat 1 Miss Riv Pl 65 xw 4 1Morris & Co 7'28 30 100% Y P & L 4'as '67.. 92 1 Scripps 538 14 Shaw W&P 4! 1 SE P&L 65 A 22 Sou Cal Ed 85 51 5Sou Cal Ed_ 55 52 rner Bros 6 PFOREIGN BONDS. 34 r Cons Mun 6s '47 83% 121t Sup Pw 6s A 63 xw T6%: 58 2 83 86% K lgh 234 Com’wlth Edison (8) 140, 95% Comwith-Pow pf (6). 3% Comwlth & Sou war. 94 Com'with& S pf (6). 12% Com Wat Ser (b6% ) % Comstock Tunnel. .. 15 Consolidated Aireraf - ' Consolidated Copper. 13% Con Dairy Prod (32). 90% Con Gas, Balto(3.60) 21%; Con Gas Ut A (2.20). 3 Cons Instrument. 10 Cons Laundries..... 10% Con Retail Strs (1).. 20 Coon (WB) Co(2.80) 5 Copeland Prod Inc A 11% Cord Corp.. 12% Corroon & Rey: 8. 641 CosdenOfl...... . 12% Courtaul Ltd (70¢c).. 6 Creole Petroleum. .. 18% Crocker Wheeler.... - % Crown Cent Petrol. . 1% Curtiss Wright war. 1% Cusi Mex Mining. 8 Darby Pet (1). 3 Dayton Alr & En, 125 Deere & Co new 435 Deere & Co (16). 21 De Forest Radio. . 4% Derby Oil & Refin. 5 Detroit Alreraft Cor. 25% Detroit Gasket(1.20 16% Doehler Die Casting, 4 Dolores Esperanza. . 12% Douglas Aire (75c).. 34 Driver Harris(new). 8% Dubiller Cond&Rad. 145 Duke Power (35) d 4% Durant Motors, 13% Duval Tex Sul w.i. 25% EastGas & F Asso.. 18% Kast States Po B(1).. 15% Edison Bros Strs(1). 11 Educatiopal Pic pf.. 14 Eisler Electric (1%) 80% El Bond & Sh (b6)... 103% EIl Bond & Sh pf (6) 24% Elec Pow Asso (1)..; 22% Elec Pw Asso A (1).. 28% El P& L opt war.. ,\, . B - i TSIV PP PSP o) APHIG - PBIOPEPA U QUIRTOPISY -3 63 - JONE [TV OO w SN 15% Elec Sharehldg ($1). 18 1 82 ElSharehold pf (6).. 95 Jmp G F cum pf (7). 40 Empire Pwr Corp(2) 19% Emp Pub Sv A(1.80). * Engineers Gold...... 18 Eng P Soptwa 4 Evans Wallow Lead. 2 Fabries Finishing. .. 9 Fedders Mg Co (A). 1% Fiat Stk debrt 1734 Fiat Stk deb Y Florida P&Lt pt (7). 13% Fokker Afrcraft, 6% Ford Mot of Franc, 10% Ford Motor Ltd 16% Fore D Pr pf ( 33 Fourth Nat Inv. 214 Fox Theat ClA. 75 Franklin Mfg pt (7). 3 Galena Sig. ctfs. dep. 20 Garlock PKg (1.20).. 3% General Baking..... 40% General Bak pf (8).. 36" Gen El Germ rets. .. 11% Gen E Ltd rets (50¢) 13 GenGas&El (A)... 10% Gen Indus Alcohol 9% Gen Rity & Utilities. Gen R & Util pf (6).. 981 Ga Power pf (6). ... 21 Glean'Com Ilar n(1). 113% Glen Alden Coal (10) 11% Globe Underwriters. % Gold Cofn. 3% Gold Seal Eln.... 30 Gorham Inc pf (3) 87 Gorham Mfg vte(2). 1% Goth Knitback Mach 7 Grand Rap Var (1).. 31% Graymur Corp...... 235% GrA&PTnv (5).. 12% Groce Stors Prod vte. 24 Ground Gripper (1). 38 Guardn Fire Assn(2) 28% Gunther Law (2).... 133 Guif Oll of Pa (134). P pf (19¢), s Candy. 5 Helena Rubenstein. . 4% 13% %o U % W 267% 359% 97 9% A% 97% 13% * Hydro Elec Serv (3) . Hygrade Food Prod. Tilinots P L (30) Imp Ol Canada i Indian Terr Illum. Ind P L new (123). Insull Ut Inv(b6%).. InsCoof N Am (13). Intl Petrol, n(62%e¢). Internat Products Intl Textbook(75c). Intl Superpow (21). Iternatl Ut A (33%). 4 Internatl Ut B.., Internatl Util (war), ate Equities. . t Eq ev pf (3) Irving At Ch (1.50). Italian Superpow A. Italian Superb wa: Johnson Motor Co. Kirby Petroleum. Kleinert Co (2%)... Kobacker Stores (1). Lakey Fy & Mch (1). Land Co of Florida. . Lane Bryan tine (2). Lefcourt Real pf (3) Lefcourt Real(t1.85) 4 Lehman (The) Corp. Lily T Cup (150).... Lion Ofl Refin (2) Loews Inc deb rts Loews Inc war...... Lone Star, new (80¢) Lonx Isl Light(60c). Louisiana Lan & Ex. Magdalena Syndieat. Marine Mid Cp (1.20) Marland of Mexico. . Marion Steam Shov. Massey Harris (3). Mavis Bottli Mayflower A Memph Nat Gas Co, Mesta Machine. . Mesabli Iron... Met Chain Stores. .. MIdl Unit (b1% %).. Mid Wst Util (b8%)." Mid W Ut cv pf xw6. Mid West Ut A war., Mid West Ut B war., Miller & Sons (2). Min Corp of C (25¢).. Mo Kan P L (b10%). Miss River F Cp war Mock Judson Voe(2) Montecatini deb rts. Mount Prod (1.80).. Mountain St T&T(8). Nat Aviation N Nat Casket (4) Natl Fam Strs Nat Fuel G: t Screen Serv 1.60 t Steel Corg xw (2° t Transit (11).... t Union Radlo. Nauheim Phar. ..... Neet Inc cv A (1.60). Nehi Corpn (1.30). ... Nelson (Herman)(2) New Brad Oil (50c).. New Eng Pow pf (6) New Jer Zinc (14)... New Mex & Ariz La Newmont Min (34) Newport Co (2). N Y Invest (1.20) N Y Rio&Bu Afres... N Y Pet Royalty (1). N Y Tel pf (6%).. Niag Hud Pw A war. Niagara Hud P(40c) Hud Pw B war, iles Bement Pond. . Noma EI Cor (1.60).. Noranda Mines (3).. North Am Aviation.. North Am Cement. .. No Am Util 18t pf(§) North Am Util Sec. . North St Pow A (8).. Novadel Agene (2).. Ohlo Copper........ Ollstocks,Ltd A $50c Orange Crush (1.50) Otis Elevator new. .. Outbd Mot A (1.80).. Outboard Motor (B). Pac GEEl 1stpf 1%. Pac Pub Serv (1.30).. Pandem OIl. . e Param C Mfg Pennroad Corp. Penn Mex Fuel Penn Ohlo Ed pt (6). Penn O Ed prpf(7).. Peop L&P A(a2.40). . Pepperell Mfg Co (8) Petrol Corp (1%).... Philip Morris Ine. Pilot Rad T A (1.20), Pitney B P n (20c) Pitts Forging Co. Plymouth Ol (2) Polymet Mfg (31). Power Securities pf. Premier Gold (24¢).. Prince & Whitely. Prince&Whitely pf3. Propper Silk HM (2) Prudential Inv. Pub Util Hold wi Pug SP&Lt pf ( Rallway & Lt 8 (15). RainbowLumProd B Relter-Foster (40c). Rel'nce Managemnt. Republic Steel n wi. Rep Steel cum pf wi. Reynolds Bros Inc. . Reynolds Met n 2.40. Rocklans Lt&P(92c) Roosevelt Field. Inc Sufety Car H & L(8) Stfeway S war (2d). 2% Schulte Un be-$1 St. & Scovill Mg (4)..... Selected Industries. . Select Ind pr (53%).. Sentry Safety Cont. . Shattuck Den Min. .. Sheft'r Pen (WA) (2) Shenandoah Corp Shenan Corp pf(a Silica Gelct. ....... Sioux C G & Bl pf(7) Sisto Fin Corp. Smith (A 0) (2 Sonora Products. . South Penn Oil (2) S E Powr & Lt (1.60) S'east P&L pr pf(5). SEP&LpL(T).... 4 So Cal Ed pfB(1%).. So Cal Ed pf C(1%). _ 4 Southern Corp. Southern Stores A 4 Southland Roy (1) S W Gas Util 5% Stahl-Myer ( 31% 8 19 b4t 41 8% 187 28% 221, 103% Stand Oil, Ind (214 Stand OiL, Kan (2)... Stand O11, Ky (1.60). Stand Oil, Neb(13%) Stand Pwr&Lt(new) Stand Pwr& Lt. B. .. Stein(A)& Co (1.60). SteinA&Co cu pf 63 Stutz Motor Car. . Swift & Conew (2)., Swift Intern'l(2%4).. Syrae Wash M B (1). ‘Taggart Corp (1).... Tampa Electric (32). Teck Hughes (60c) Texon Ol & Land Thermold Co (2) Third Nat Inv (1)... Thomp Prod A 12.40. Timk Det Axle pf(7) Tish Realty & Con. . Transamer (11.60) ‘Tran Con Air n ‘Trans Air Trans cfs. Transcont] Oil (30c) Tr-Lux DL P S (A). Tri-Cont Corp war. . ‘Cri-Continental Cor, Tri-Cont Corp pf(6). Tri-Util Cor (3$1.20). Trunz Pork S (1.60). ‘Tung-Sol Lamp (2). Ulen & Co Ungerleld Union Tobaeco..,... Utd Carr Fastor 1.20 1 1 1 1 2 2 Bwa Burme > o o - - = o] @ 3 T T PSR SR T S T T L L T o =3 o e BRRNBIBNS oD Bar s o S s FrRemndan Srnunn-tracona uew o Seeomre = - furanEnSanBanonas e @ S o Trasumra T - .S © 2 camkaoSoReonal = oo =3 2 =" © o 307% 309% 24% 247 35% 40 65% % 22% 1 8% % 25% 29 9 21 United Dry Docks. . » 8 34 7 Unit El Ser pur war. United Elec Ser. United Gas Co. 4 Unit Lt&Pwr A(§0¢) Utd Lt & Po pf (6). . Utd Porto R Sug pt. United Ret Chem A., U 8 Dairy (A) (5). USDairy B g 8 guc Pw; 8 Finishing (32). USFoll B u‘)..’ U S Gypsum (1, U S & Interntl Sec. U S Lines pf (50c) . USShares Fin...... Unit Verde Ext (4) 4 Utility Pw & Lt(a1). UHIP&L B ctfs (a1). Utility & Ind... Util & Ind pf (1%). Utility Equities, Vacuum Ofl (t4%).. 967% ‘Woodley Yel Taxi 20% 18 13% 12% Liggett & annusl payment. MARINE PRODUCTS IN LARGE SUPPLY Bulk of Fish Shipments to D. C. Comes From North Carolina. North Carolina shippers this week are + | supplying local dealers in marine prod- 26 24% 29% 100% 100% 3% 81 8 138% 1384 8% 8% 814 32 162 18% 274 16% 244 18% 18% 5318 20% 4% 1% 18% 28 27% 2% 89 85 31 3y 123% 128% 271 273 113% 114 321 32 101 101 22% 23% ) ke 12% 12% 14% 14 18 264 227 130 130 200 200 3% 8% 60% 10 63 % 28% 39% 25 9y 21% 152 3 40 824 96% 118% 113% 113% 118% 26 26 26 26 28% 23% 6% 6% 1% 1% 10 10% 13% 26 627% 28% 85% 3614 31% i 103% 103% 45 45 26% o8 n 20% 204 20% 83% 334 38 LY % LY 15 4% 143 ucts, insuring ample supplies of fresh fish for the Friday and week end trade. Receipts included white and yellow perch, black seabass, jumping mullets, croakers, shad and herring. Shad, a fish much in demand at this season, were not very plentiful today, dealers reported, and high prices pre- vailed, roes selling at 60 and melts at 40 cents a pound. Herring were quoted at 10 cents a pound. Both white and yellow perch, not plentitul, were offered at 30 cents, the mullets and bass selling at 20 and croakers at 1212 cents a pound. Small quantities of flounders and trout, also from North Carolina, were offered at 20 cents. Other Fish Supplies. Spanish mackerel, caught in Florida waters, were in plentiful supply at 25 cents, Boston mackerel, frozen, selling at 15. Butterfish, also frozen. were offered at 18 cents. Three sizes of Canadian smelts were offered at 25, 30 and 40 cents. Fillet of haddock, in good demand, was quoted at 20 cents, and dealers also had halibut and salmon to offer at prices quoted most of the Winter season. Crabmeat continued searce and high. It was reported that receipts of crab- meat were much smaller than usual and higher prices prevailed. _ Cold weather is reported to have affected the industry at Biloxi, Miss., from where so_much choice meat is received. Very little of the meat has been received from Crisfleld, Md., packers recently, according to reports, and to- day’s advices from New Orleans men- tioned a price of 90 cents for lump and 65 cents for the white meat. Shrimp, more plentiful and in good demand, claimed attention of retailers and consumers. The green shrimp was quoted at 30 and the cooked at 60 cents a pound. Dealers had plenty oysters to supply the trade at prices quoted the past month. A shortage in receipts of eggs and an increased demand resulted in a further stiffening of the market this morning, but dealers continue to be- lieve receipts will be heavy as soon as the country roads are in better con- dition and anticipate cheaper prices. Prices paid shippers for current re- ceipts were quoted by different dealers at 38, 39 and 40 cents, a majority of them “fixing the price at 39 cents. Hennery eggs were quoted at 1 cent higher, the difference between the two grades, according to dealers, being slight. An increase of 31, cents a dozen on eggs was reported in Chicago yesterday, according to reports of local dealers. The Chicago market, they state, has some bearing upon the market here— more so than the New York market, merchants say. Butter prices, slightly lower earlier in the week, advanced 1 cent today. Prints were quoted at 39% and 40%, while tub butter was quoted at 37% and 38%. Vegetable Receipts. Increased receipts of kale and spin- ach, much of the latter vegetable re- ceipts coming from Texas, was reported this morning, and the price of spinach dropped to $1.50 a basket, Most va- rieties of vegetables were in liberal sup- ply in the commission house district this morning, but movement was not especially active. Oranges and grapefruit also were re- ported much more plentiful, dealers saying stock on hand this morning probably was heavier than at any time the past several years. Oranges, as to size and quality, were quoted at $3.50 and $4.50, the grapefruit selling from $3 to $5. Dealers also reported increased re- ceipts of strawberries from Florida, best quality selling at 45 to 50 cents a quart, some not so fancy going at 25 and 35 cents, Alligator pears, not so plenti- ful, were offered from $9 to $10 a box. Five-pound boxes of rhubarb, prod- uct of hothouses in Canada and Detroit, Mich., were quoted at $1, and dealers nad pineapples, pears, grapes, apples and cranberries among other fruits to offer the trade. Hothouse cumbers were offered at $2.50 and $3 a dozen, and dealers had peas, string beans, lima beans, Brussel sprouts, cabbage, potatoes, tomatoes, okra, eggplant and other vegetables iamong the day’s offerings. e GRAIN MARKET. CHICAGO, February 6 (#).—In a rapldly fluctuating market wheat values here scored sharp upturns during the late dealings today. Commission houses became active buyers after an early rush of selling that forced prices down to new low records for the season. Russia was reported to be trying to ar- range foreign bank credits on offers of 250,000 tons of export wheat, but it Was asse! in usually well-informed quarters that Russia has in reality no grain of conse%xenee to spare, and that her need is cash with which to purchase machinery. Wheat closed firm 115 to 1% cents a bushel higher than yesterday's finish. Corn closed % a% to % up. Oats, 15 to 2 advanced, and provisions unchanged to a rise of 12, WHEAT- - May July Dirt-track motor cycle' racing is at- tracting crowds in Germany. By the Assoc Industrials. 183.8% Two years ago 5 Three years ago, weekly aver. High (1930). Low (1930)... Markets at a Glance NEW YORK, February 6 make new 1930 lows. Bonds firm; rails advance. Curb {rregular; Harris at new low. Foreign exchanges easy; Latin Americans sag further, Cotton lower; weak forelgn markets. Sugar steady; improved spot situation. Coffee lower; easier Brazilian cables. CHICAGO, February 6 ().—Wheat firm; bullish Kansas and Oklahoma re- rts. Corn firm; good cash demand. 1814—Oldest National Bank i —and national Winter (Benj). o Worth Inc A.. 2% 2% Zonite Prod (1.60)... 12 RIGHTS. 4% 44 Con Gas El L&P..April 1 1% % Crocker Wheeler ..Feb.24 8% 7% New Eng. T.&T. 3%2 2% So. Cal. Edison. 10 .01 Trans Corp.. Dividend rates tn dollars based on last quarterly or semi- *Ex-dividend. 1Partly extra. $Plusextra in stock. & Payabie in cash or llo:k. b Payable in stock. d Paysble in oreferred stock. STOCKS. 50 Lo (P).— | B Stocks irregular; Simmons and Gillette ger po! Cattle irregular. Hogs strong to higher. cently. National Metropolitan Bank 10% 13 % 33" 21 5314 Petrol 2% 19% 19% 19% 18% 184 18 NY @) Expire. 66 44 4% 3% 42 % % % 133 13% 13% 13% 278% 8% 8W 1 3% 3w 3% 2 .02 .04 .02 M. Mar 12 LApr1 Apr. 12 Mar & STOCK AND BOND MARKET AVERAGES From Yesterday’s 5:30 Edition. ted Press. 20 Utilities. 2354 veo 919 Total sales (par value), $9,273,000. (Copyright, 1930, Standard Statistics Co.) FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (orpar),” _today. -14.8665 1 3438 Massey | Athe ina, “schil Bucr pest, pengo. Prague, crown (nom. Warsaw, zloty. Copenhagen, ¢ Just after giving $100,000 to playing fields of Sutton, Enghnd, a sausage and ice cream manufacturer died re- n District of Columb 1930 15th St., Opposite U. S. Treasury Times of Depression crises, no less than times of prosperity, have al- ways found this vet- eran bank taking care of deserving cus- tomers. it pays to have banmking commections such as The Metropolitan offers, 3% on Savings “A SOURCE OF GRATIFICATION” The man who owns a diversified list of sound in- vestments has, in fact, an income insurance against emergencies. We Recommend First Mortgage Notes With Safety andfa Prompt Yield 6%2% SHANNON . & 1435 K St. LUCHS Nat. 2345 SAFE FIRST A NOTEWORTHY FACT MORTGAGES Throughout the country first mortgages have become recog- nized as an investment of the highest order and have been bought to the extent of millions of dollars without loss to any purchaser. This commends our 6'2% FIRST MORTGAGES to your serious consideration as an investment for those funds which you want to count upon to yield definite income. Over a Third of a Century Without a Loss May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. THERE ' IS NO SUBSTITUTE FOR SAFETY By the Assoclated Press. LONDON, February 6.—The discount rate of the Bank of England was re- duced today from 5 to 412 per cent. The reduction was due to the recent inflow of gold and improvement of the national monetary situation, which as- sisted recently in reductions of the bank rates of Germany and France. The action of the directors in re- ducing the rate took the market some- what by surprise in view of the fact that sterling exchange for some time has been weakened. Easier money in New York, raising hopes of reduction oi the Federal reserve rate, apparently in- duced the authorities here to take the oPportunity of giving trade the benefit of a lower rate and anticipating the Federal reserve action, which the money markets seem to think will not be de- layed long. UTILITY FIRM GAINS. ; BALTIMORE, February 6 (Special) —- The Pennsylvania Water & Power C which operates the Holtwood, Pa., plant supplying current to the Consolidat Gas & Electric Co. of Baltimore, yes- terday issued its annual report, showing total revenue in 1929 of $4,755,756, a gain of 8.4 per cent over 1928. The net revenue was $2,220.482, or an in- crease of 11.6 per cent over 1928 figures. ‘The report refers to the expansion program of this year when the Safe Harbor, Pa., dam project will be built at_an outlay of $30,000,000. ‘The combined power plants are buflt eventually to deliver 500,000 horsepower. These plants are expected to furnish power for the electrification of the Pennsylvania Railroad from Philadel- phia_to Washington. Investment Securities Bond vielding 5.85 entirely convertible Into com. sto k. COURTLAND NIXON, 1518 K St. Nat. 1926 ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Advastages 1 nt to direct 1520 K St. N.W. National 0475 TRUSTEED the IDEAL INVESTMENT for in- vestors who demand — SAFETY, YIELD and GROWTH of principal. Speciaily suited to long-term in- vestments ~ for individuals, trust - funds and funds of organizations. Sold in Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation Woodward Bullding. "Met. w33, SHARES Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Not Bearing 61,9, Interest In Denominations of $250.00, $500.00 and 51,000,00 Consutt. WELCH ' Reattors Loan Speci s 15th & N. Y. Ave. N.W. National 4346 National Savings & Trust Bullding = First Mortgage Loans Applications Invited Glover & Flather . 1508 H St. N.W. National 1753 No fseomfor No Inconvenionce rms 1o Sitit You Washinaton Gus Light Company wse Heating Deps National 8280 We Invite Aplications for FIRST TRUST LOANS on Improved Property AL BT RPES, S e Perlads of 3, & or 10 Years B‘Os'gm PHELPS ‘ ded 1907 Lite