Evening Star Newspaper, March 2, 1930, Page 76

4 FINANCIA -BUSINESS ABROAD REPORTED SPOTTY . First Signs of Slowdown Seen in France—Spring Expan- sion Held Overdue, {Brecial Dispatch to The Star. NEW YORK, March 1.—Cable dis- Patches to the Business Week give the following survey of business abroad for the week ending March 1. Europe.—Domestic business is re- stricted, but overseas exports are gen- erally undiminished. Local conditions in England, Holland and Belgium are Telatively steady; in Germany, unset- tled in Prance, the first signs of slow- are appearing; in Italy, the sit- I-Uon is indefinite. ‘The usual Spring business expansion for Europe as a whole remains overdue, | notwithstanding the impetus given by | the Young plan settlement to the re- laxation of credit. It is 1ncreulngly apparent that this fortuitous easing of credit has averted a business crisis im- pending at the turn of the year. Busi- ness is :un as much concerned over the Ibility of recession as over the pos- sibility of revival. The situation is con- ;lderled dfl':l! lnurlockled l‘m'h v;omx;lld levelopments, particularly for agricul- tural raw material values. Crops Bring Little Profit. ‘The larger half of Northern Euro- pean crops, sold at little or no profit this year, are now consumed. Prices have recovered since surplus holdings ‘were absorbed and sale of the balance is an increasingly important factor in UNITED STATES GOVERNMENT. sy 99.22 9! 26 Lib33s 1982-47 1016 100.10 Lib 1st 43 s 1932 101.18 100.28 Lib 4th 4 » 1933 99.26 98.25 U S 3%s 1940-43 100, 101 U S 45 1944-54. 111018 109.24 US4Ys1047-52 FOREIGN. w Argentine 5s June '59 Argentine 6s A '57. Australia §s'56. Austria 7543, Bank of Chile 6%s'57. Bank of Chile 6% 1961 Belgium 68 '55. Belgium 7155 *4 4 Belglum 8s'41. Bolivia 78 ct ‘6 Bordeaux 6s '34 Brazil 6% 192 Brazil 85°41. .. Canada 55°52 Chile Chin Colombia 6s 1961 Copenhagen 55 '5: Czechoslovakia 8s '61 Denmark § %= 1955 Denmark 6s°42. . B Dutch East Indies 6s°47. . Dutch East Indies 65°62. . Flat 7s '46 war 4 Finland Ts'50. French 75 '49. . 118 French 7%s 41 84% German Bank 6s 1938 106!. German 7s '49. Greek 65 1968 Irish Free State bs Italy 7s 51 2 Japan Kreug&Toll 53 ct wi 4 Mexico 4s 1904-54 Milan 614852, .... 4 Netherlands 6s determining the degree of the year's general business rity. Local pro- tectionary and relief measures are be- ing adopted in virtually every con- tinental grain-im; upennon country. of intercontinental grain ‘movement the Jowest post- War rates md a wide tie-up of but relief is seen with the tim| exports vaflm of Canadian grain move- Beflln eununulumhoogoowm: to r:a‘::v, deficits. The one-year I . thron yh local the largest cities. This opin- ion lhnuld be of importance to Amer- ican financial participation, past and American Tapk Oar Co., with im- }nrmn German-Belgian associates, orms !mr-!umpun—%wh “hlnl compan; Pullman and Chase e ted on bcnrg of amcm ml but the loan, suggests fire. steady; Mountains, U. 8. No. 1, 4.4024.60; 120- sacks, Mountains, U. . 3.50. New stock: Suj uu light, slow, market di F \fluh‘l crates, Bliss Triumphs, U. 8. No. , 2.7583.00. " Tomatoes—Suj m?guu light; demand lkht.. market few sales; Mexico, ug boxes, ripes and turning, wrapped, hl and 6x6, 3.50; Florida, 6s, ripes and turning, wrapped, fancy count, 500 g Beans—Supplies light; demand thu nflket steady; Florida, bushel hampers, Black Vumunu, 4.0024.50. Peppers—sSupp! 1%2 demmd light, market sle-dy. crates, fancy, 6.00a7.00. Peas—8Supplies light; demand light, ?;;'5‘ steady; Mexico, 45-pound crates, .25a5.50. Carrots—Supplies moderate; demand light, market dull; Texas, Western let- tuce crates, bunched, 2.50a3.00; ordinary quality low as 2.25. Beets—Supplies moderate; dmnnd light, market dull; Texas, Western let~ tuce ‘crates, bunched, 3.503.75. Cucumbers—Few sales; supplies light; demlnd light, market steady; mlnok Indiana, 2-dozen _cartons, modmte. demand 'l'e bushel pplies mndenhe de- t, msrket steady; Florida, pony tors, various varieties, 40a 45 per quart, 20a221; per mnk, 32- quart crates; v-fla\u varieties, fair to ordinary quality and condition, 25830 demand ; Florida, , 4.5084.75; few, 500, No. 2, mld)uln size, 4.25; Jarge to very large size, duwunwd. 5081.25 per hox. Grapefruit-——Supplies moderate; de- mand moderate, market about steady; : , boxes, No. 2, medium size, 3.76a w: large size, discounted, 50a75 per WEEKL! CLEARINGS. . YORK, March 1 (#).—The 'Oekly Mn'. of lhe New York "‘-?&";f us and’ undivided mflu. Llndfiul (average), uofl’lfl‘)‘:‘ deposits _(average! $11,132,000; increase. !Mm‘ today, 87’ 10'.'15“ week ended 2 New South Wals Norway 6%s. Orient Dev 5%s 57 Paris-Lyons-Med 63 ‘58 Paris Orleans 5%s 1968 Peru 6s . Peru Ts Pirelli Co of Italy 78 ‘63 93% Poland 8s°50. ... 4 Riode Janeiro 8s Do Sul 63 87 Rome6%s’52..... 96% Sao Paulo State of §s 106% Seine Dept of 7s. ‘165. Serbs,Croats&SlavT: Serbs Croats Slov 8 wm Swiss 5%s '46, 9815 Toho Elec Pwr 101% Utd Kingdom 5348 '37 93% Uruguay 6s 1960. 82% Vienna 6s 1952, Warsaw 7s 19 95 Yokohama 6s 6. 137% Am Tel&Tel cv 4348 69 Am Writ Pap 6s°47 88 Armour & Co 448 °39 81% Armour of Del 5%8'43. 100 Atlantic Ref deb 5s " 102% Bell Tel (Pa) ref 99% Beth Stee] pm 58°3 54 Certain-teed 5% s 194 94% Chile Copper 58 47 ColonOil 6s°38. . Goodrich (B F) !% 1 Goodyear Rub bs 1957 Humble O & R 5% Inland Steel ¢ Inter Cement Inter Paper 5s A ‘47 Int Tel&Tel cv 4 %8 Kendall 5%s 48 (war. Lackawanna Steel 58 Laclede Gui% Manati Sug s £ 7% Midvale Steel 55 '36 Montana Power 58 Nat Dairy Prod 53848 Nat Radiator 638 1947, North Amer Ed 55 57 Northern States Pow 5s.. 1 Pacific Tel & Tel Pan-American 6s Para-Fam-Lasky Philadelphia Co 5 Phil&Read C&I 65 wi Philips Petrolm 6% s'39 Postal Tel & Cab Reming-Rand 6%s'47. Sinclair Oil 6s°30. . Sinelair O1l 78 '37 Sinels Sinclair Pipe Line 65 Southwes Bell Tel 55'54 Stand O11 N J 5 Stand OII N Y 4 %8 5! Sugar Est Orfente §s 101 97% Tenn Copper s 100 97% Transcon Oil § 94% 92% United Drug 5 BUSINESS STATUS MORE REASSURING Trade Indicators Reflect Gains,|Sohon, Despite Let-up in Some Lines. Special Dispatch to The Star. NEW YORK, March 1—General trade indicators and building figures are slightly more encouraging, but basie industrial activity, due to the check PUt | Siove upon expansion in steel operations by increased caution in automobile produc- tum and a declining coal production, oft “l:nn'ht and -htz-l -mu having temporarily outrun mand, says the nu'fienm ywk report _covering weel March 1. ha brou'ht the lowest levels since 1 mly hl‘:e begun High. . 99.22 01.10 101.05 1018 +.2 99.22 99.16 99.21 99.24 99.19 99. +6 04.10 104, .107.10 106.26 107.7 +.10 L111.12 110.26 111.12 +.15 Hien. Low. Close. Sike. 96% THE SUNDAY- STAR, WASHINGTON, D. C, MARCH 2, 1930—PART SIX. BOND SUMMARY FOR THE WEEK 9910 9932 +.8 01 100,10 101 +.1 ‘m 104.6 109% 100% i 104% 101% 101% 104 100% 114% 120% !Nfi 102 101+ % 15% +1%| T84 121% + W 894 — % 107% + 4 7 + % 96% 9B% — % 108% + % 9% +1 12% + % Nl + W 106% +1 86% + % 101 89 +% 108% + % 100% — % 8% ~1% glu + % 10% —1% 94% 102 104% ~ % 105 . +2% 24 +lh MU+ % 9% + 4 % + % 100 97 108 102 106% C 97 ki 101* jo01 50 80% 264 106% 104 110% 98% 109% 11% kel 9% 105 105 105% 106 N il 101% W 92% MU 98 9% % 864 120% 90 114% 90% 88% 101% 100 9% 97% 9% 97 108 106 105 102% 109% 108% 100% 100 M% 9TH 86% 1l 95% 100 i 95% 87% 88% 100 7% 9% 52 65 894 91 93% 88l 106% 115% 122 45 28 93% 88% 1+1+ #2252 5 sers +4+' 444441 - £F ‘Wabai h?lw YORK, March 1.—The tollw; todnyl summary .d bywlundlm mm co.. he.. g York, for the Associated Press: llm Trend. Corporation news of the day included announcements of initial or’lncuue‘ Cheese by National Dairy and negotiations by Brown Fence & Wire for control of Kalamazoo are other items of outstanding The Industries. m:u“mudutr;‘mm{h“t the :utu«:; ve since the turn of Jords little (ur optlmum as future. Pro- 285 Cuba R R 68’52, 604 Cuba North 5%s 102 Del & Hudgon 5%s 92% Den & Rio Gran 92% Den& R 944 Erloref 5s'¢7.... Erie con 78 30. Flor Egst Coa: Fonda J &G ¢ Grand Trunk s f deb 65 Grand Trunk 7s "40. Great North 4%s'76 Great Nor gen 5%8'5 Great North gen 78 '36 Hudson & Man adj 58'57. . Hud & Man ref 5 Illinois Cent ref 48 Inter Rapld Trancv 7s Int & Great Nor ad) Inter Ry Cent Am 6%s Towa Cent ref 4s'51. Kan City South 38 1960, Kan City South 5s 'l Kan City Ter 1st 4 48°3 Mo Kan & Tex Mo Kan & Tex adj Mo Kan & Tex pr In fic 6 Mo Pacific 55 ' Mo Pacific 55 G. sau Elec 4s '51 97% N Y Cent deb 4s '3 -N ¥ Cen ret imp b: N Y Cent deb 65 '3 H&Hcevdeb6s. Penn 7830 Reading 4%s'97 StL&SFprindsA SIL&SF 4%s'78 StL&SanFrisB St Louis 8 W con 4 StPKCSLine 4%s Seaboard A L ref ¢s'59. Seaboard A L con 68 °45. South Pacific col 4s '49 South Pacific ref 48'55. South Pacific 4%s Southern Ry gen 4 Southern Ry 1st 5 Southern Ry ge: South Ry dev 6% '56. Third Ave 1st ref 4860, Third Ave adj 65 '60 Union Pacific 1st 48 *47... Union Pacific 45 '68. Un Pacific ret 4s 2008. Virginia Ry 1st 58 '62. Va Ry & Power 55 '34. Wabash 4%s 1978. . Wabash 1st 5s '3 ‘Wabash 68 B 1976 8744 8214 U 8 Rubb 00! 3! Utah Power & Light 5 Utilities P& L 534847, % Walworth 63 45 Western Union Wilson & Co 18t Youngstown Stes RAILROAD. Atch T & S Fe ad) 4s 95 Ateh T & S F gen 48°95. AtchTo& SFe 41 Atlantic C L 1st 4, Atl Coast Line 4148°64..., B & O gold 4s'48. B&Oeviks B&Oref is B & Q ref 55 D 200 Balto & Ohio os Balto & Ohlo 6s'9 4 3. 94% Brooklyn Manh 1sf 98% Canada National 4 1414 881 Canadian Pacific deb 4s. . 91% Central Pacifie 45 '49 mss 100% Central Pacific 5s 191 00% 98 Chesapeake Corp bs 974 Ches & Oh gen 48 '92 98% 94 Ches & Ohio 4% " 9 96 ChiB&Q4%sB'1T 106% 104} ChiB & Q ref 58’71, 72 Ch & Fast 11l gen 68 '51. 67% 64 ChiGreat West 4s'59. 8% 67 Chicago Rys bs 96% 95 ChiR I& Pacret ds's4. 941 9214 Chi R1& Pac4%s w Chi Union Station ¢ 114% Chi Union Station § 851 Chid W Chi & West Ind 5% CI l-vu)nnd FF 13 erm b ESEFESST 4+ 11 +++ - EEEE IBREZE 2 3 + FEEFRES ¥ ¥ 5T ——— sepsaFeF AR A IFEEFES FF EFES T+l ++++ 14+ AHclu N Y State R}' I%l N Y Wes & Bos 414 Norfolk & W en 4s '9! North Paclfic 35 2047... North Pacific 45 7. North Pacific 5s D 2 North Pacific r 1 65 204! Ore Wash 1st ref 45 '61 Penna cn 43%s 1960 Penn gen 415565 Penn 4386 Penn gen bs Penn bs 19 ++1 |+|LII#4 141+ 144140144 FEF PRIPFFFEE FEFFEFEFXEFIIERL 11 ++ FEES :5: SEEs B+t 44410 T over 1928, e sumed by manufacturers in clmlud at 466,600 tons against tons in previous year, CONSOLIDATED GAS. mn.\lnl.mmeralea!l.! Rubber.—Cruds §H‘ 1 gedt timore Public Service Commission land for authority to issue $1,000, md*:um-l series A, 5 per cent pref ck. The purpose of the issue is to pm- vide the company with this class stock to sell to its customers, it ha exlnusud its l'uDDl!. 'nu l\l series A, 5 t preferred lmk I.l ‘25 oo&:oo, o! 'hll:h $16,303,~ ity Structural Steel Order. NEW YORK, March 1 (#)—Orders for 6,800 tons of structural steel have been placed with roads enmur%’tho Union Station at grade Chicago for use in separation work. CHIGAGO DAIRY MARKET. mfll flrlu. 2315a24; Olw Tomato Seed Ranch. !ma , March 1. (P)—Pifty T of tomato seed is pro- duced on & single in FINANTIA®: NEW YORK STOCK EXCHANGE (Continyed From Second Page) b Stock and dividend. o5% lm Southern Calif 74 3% Southern Dairies 127 um Southern Pacifio (6! 136% 128 00% 4 Stand Plate Glass pf. ... 25 Stanley Co of Amarica. . 33 Starrett (LS) Co (2).... Telautograph Cp(t1.25) Tenn Copper &Ch (1)... Texas Corp (3).vvueenss 54% Texas Gulf Suiphur (4), 117 Texas & Pacific (5).. 9 Timken Roller Tobacco Produ Transue & Willlamas (1), xou Trico Products (au). ‘Truaxz-Tra Coal (1.60). Truscon Stl (g1.20)..... Twin City Rapid Tr (4), Twin City Rap Tr pf(7).. Paper Union C.rb &C (! ‘0) Unlon Oil of Cal (33) Union Pacifie (10 Union Pacific pf ( Union Tank Car. United Stores A, United Stores pt. U s pll!rlluua. US&For Sec. US & For Sec pt U 8 Freight (3), 0% 128 98! Net High, Low. Clese. Chge. n7 lo’.rlolllqllapfll). 11 )l" ur %—1'6 e !t uouxm\s %3 llllt - 2\fi 11!% *l’lh % +1 - - 15‘»¢ 604 5% a9 T+ 1444 + - e FELE ¥F F& FEFFVES +i++) B 441+ © = PrE8 EESEELS 53 Waba +++1l+41 o + 41 (+1+++ » F EFEES Yelk 45 364 134% 108 % % % 2 l% !fi % 1444414 411444414 4344440114411 411441144+ - o .| TRADING IN BOND MARKET IS DRAGGY Convertible BY JOHN L. COOLEY, Associaied Pregs Pinancial Writer. NEW YORK, March 1.—With only & few exceptions, the listed bond market dragged today. Prime rails and utilities, which have been more active in recent seasions, were virtuslly neglected and dealings in United States Governments assumed uqumh proportions. jcan Telephone uenvmlblo 4148 wt:-hlfllmhlr 1930 h&h Sl 3 active and uxmn mund new ground for the year around 8¢. Inter- national Telephone convertible 4l5s were qum, fluctuating frac luvu ‘with nrnnu continued uyw:rd move, advancing nearly a point. bonds Airm. mal’fghunm e'n:?d mfin"’mm. Restaurants Aid Farmer. MADISON, Wis., March 1 (#)—Wis- consin hnncrl -n Testaurants to serve a plece of cheese with every mdw-nammmrmnm meal. If they are | State's Tax rants will — New Apples for Northwest. ST. nm. Merch 1 UP)—Two new varisties of hmflflfihmh&nm yaaes Tesult of experiments over & period of 10 years. - ‘Wateh Georgia Timber. ATLANTA, Ga., March 1 (P).—A mil- lion and & ;.uuur acres of for- est land ve been put ler the watchful eye of timber protective co- tive associations. | Investment Securities Testorn Ulliities Cors., 18 mes., 6% pold notes, yield 6.53%. COURTI.AND NIXON, 1518 K St. Nat. 1926 Issues Furnish Activity in Otherwise ( Dull Session. o, N st adaie it eten, National Bank Savings Deposits Bear TatSest oo Dally Balances from Day of Deposit to Day of Withdrawal. Com- pare this method with usual method of computa- tion. Call and let us ex- plain. Other Departments are equipped to serve you inall Lnfin. and fiduciary matters. The Bank of Personal Service 14th & G Sts. N.W. Resources Quer $20,000,000 WADE . COOPER. President I WILL SELL Couris 1st Mort, 81, Ave, 1t Mort, % llll Arms 1st Mort. $1,000 1% llll [] 'IH‘ 5,000 In 1st Mort. y l%% 1938 @ 90. Hamilton Hotel Ist. Mort. s tms 1942 © ¢1%. i i IRL [} l“l $1,000 2100 Mass l'.. 1st Mort. 1% 132 @ 41 ,000 Jefferson Apt. 1st Mort. 6% u::" b, Bidg. lst. Mort. 6% T ABt. 1st & Ret. 6% 1943 %, &m-c:ufin % 16 @ $200 nmmau. 636 % 1043 10 'll- l.mMM.hv. $4,000 '_.!dlthl.vch- 15_Wardmen R. E. Inv. Class “B” Pld. @ 30, h Contrel @ Soc. THOHAs L. HUME 1412 G Street ‘National 1346-1347 Va-Care Ch Virginia B Va Iron Vulean Detinn! Vulean Detinning (A)... 1 Vulean Detin pf (7). N, . .eiuas Wabash pf, A (5). West Penn Power pf(6). Weat Penn Power pf(7). loox Rich, B (2 % Willys-Over (1.30). c;v‘: w:}lnmm-u Am R Mills Baltl & Ohto Col Carbon., llh th Lig & Myer: 3% South Cal Ed.. Dividend rates as ltm man Meh (2)... i 60U 40% 4 Univ Pipe & Rad . UL PWI&Lt A (a2). Vadasce Sales, ., om §% & P pt (7 Coal & Coke 45 Ad 45 nm 121’5 mu o2 . l“ WIIM !Ml. UI‘ te Sewing u““)-n L X . (1) Worthngten Pu: I(l) Wrigley Wi u:’.... Yale & Towne (N)- w Troek & Eouch vt 41% Tnnum‘um (3 10) llll( no 130 Zenith Radlo.........., 10% 1w K RIG! June 16 Mar 11 Money to Seoured u fAret our “Sound also the March Sth portant features i Pinancial World. 53.-Fm Park Over a Third of a Century Without a Loss i 7. llfi ll‘ + 102% mw. 9% 9% — 109% 108 107% 106% 107% 116% 116% 116% — 40% 47 + 10% 11‘ + 2% .aunnam Joseph I. Weller 8 ¥k ©; & Trus F1R8%T mnud Total assets .. LL Net unpaid clai . Reserve as reauired by i Reinsurance prem! Expenses, bills, etc Capital '8 Surplus over: al Total Nabilitie: RTTHITRT wSharacter of business trausacted during p20; mire inas 3 ‘?:::‘:’ ) %25,200.329.00 ll.l“ l'l ++ +1I+10+ 1L+ E+010 4 Real Ph&: Loans Made s Co. Eatablished 1899 INVEST YOUR FUNDS IN First Deed of Trust Netes Bearing 6'2% Interest 120000, W00 51 Bho.00 consalt WELCH Reattors Lean Specialists 2 A e EEEFEES L4+t 4440144441 e FFEE EFEEES 108% - One Room, Kitchen, Bath and Reception Room. Electric Refrigeration THE ARGONNE 16th & Columbia Rd. “2E" 2 !1 25 o l'l |+++++++H 1+ s #FEFESISSIES ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. NW. 63rd of Stock Now s Bl o Shares of Stock, $1.00 Each Payable Monthly ESmty’ Sy L+ #3441 1011 1 » x » o 10 14 L First Trust |_ml o Construction LOSB! Applications Invited Glover & Flather 1508 H St, N.W. National 1753 Loan Free For The Asking Retyrn this “ad” with your address Ten Seund Commen Stocks For and ws will sead you Investmen & fres copy of it Rules” and issue of The Long Term Investment Sheuld Aviation Stocks Be Bought? Attractive Utility “Class A” Tsouss s00d The Outlook For Copper and Cop- - 'n!m ties n March : Yielding Senior § ities Pingneial World which, besides other impertant information, will contain The Financial World America’s Investment Weekly-—Lonis Guenther, Publisker Place (Established 1902) * New York MORTGAGES ONE OF THE RECOG- NIZED DEPENDABLES There are certain types of investment that are funda- mentally sound—and therefore strongly appeal, especially to those where regular and defi- nite income is desired. Our 6'2% FIRST MORTGAGES are of this class. Back of them stands real estate, which we have carefully appraised—and the interest check, always for the same amount, is mailed regularly twice each year. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 1S 925 15th St. NNW. NO SUBSTITUTE FOR SAFETY T e