Evening Star Newspaper, March 7, 1930, Page 14

>t FINANCIAL. ‘FINANCIAL. Mg e viwawora _____ THE EVENING STAW. WASHINGTON. D. G FRIDAY MaROR T I PINANOLL L L. OIL MEN DISAGREE || NEW YORK STOCK EXCHANGE | |ADVANCE INBONDS | [oree sonc BONDS moer s [BUSINESS OUTLODK The Star Office. Received by Private Wire D { UNITED STATES. High. Low Close. (Continued From Page 13.) ~Prev. 1030.~ Stock and Sales— Prev. BRINGS U .I. BUYING ‘are in $1.000.) 9Ky 98% Y8L UN REFIN[RY BUI R . High, Lov. Divigshenate, | AGNELNUL. Low Cuns OST% e e Hieh. Low. 104 108% 104 ] High. Low. Dividend Rate. Add 00. Bigh. Low. Close. Close. | 10% 77 Servel Inc.. Y 9 O e iore 112% 112% 112% 46% 384 LouG& EIA (1%).. 18 44% 444 44% 44%| 19 17 = Sharp & Dohm 27 Lib ath ¢%.. 145 10121 10117 10117 o 10 00 Special Summary Indicates 4% 61 McK tTP(t4%). 6 73% 73 78% 78 48% 36% Shattuck(FG)(11%) 1 35l 8}\6 MZK:::gntRob :‘n 2 81% 81 91% 81| 47 42% ShellTranspt(a2.41).500s 43% 43% 43% 42 US3%s 47.. 68 10010 1007 10010 | No Am Ed 6%s 62. 101% 101% 101% 20% 14% MeLellan Stores. 16% 16 16 16% 104% 100% Shell UnOll pf (5%) 1100 100 100 101% 8 gl 1 A .. 5 12w 12% 12% 11 843 62... 55 11220 11 Pan-Amer Pe 1 104% 104% 101% Leaders. 84% 70 Mack Trucks (6) 831 14% 8% Shubert Theatres. % 12% o rz;mu. ey of Industry and Trade. 12 MadisonSqG (1%). 8 124 12 12 | 284 22% Simms Pet (1.60 X " ‘ 7% Phila Co 68 6 4T 98% 98U 98T 52% 45~ Magma Copper (5).. 11 49% 49% 49% 49 | 25% 21% Sinclair Con Ol ¢ A PRI el 4 ®x® ~Prev. 109, ‘Stocx and Bales— Prev.| 23 94 Second Natl Iny 93 9928 9924 %8 E; } 4 2. 21 424 414 42 42, b 58% ¢ 107 107 107 Six-Day-a-Week Proposal| i 32% Ludlim Steel ¢ 58% Be Sharp&Dopf(3). 2 59% S8 t9% 0% \glume Increases as Various|usass 4s.. 62 10010 1003 10010 % . ‘ in Hi us I 2610525 10517 10517 . s Starts Controversy Among | 46 4ai Mexesakboraw). 3 44 43 447 41u| 23w 2t shell Uniom (Lo o8 2 2l Fw 22 Issues Attain Higher DSINe. .10 26 10528 10517 10017 | Pacinocas @ mise. 18 102 101% 102 | Trend in Various: Divisions 169% 137% Macy(RH) & Co(n2) 60 151 1%0\‘ 1{34‘? 146 | 94% 62% Simmons Co (g3). 81 68 64 64% 68% Levels. 5 REIGN. 144 12% 7 4 : Fo! ' Pathe Exchange7s. 2 49 49 49 N % 8. 5 ManauSugar. ‘600s 5 5 & 5 | 111 109 _Sinclair Ofl pt (3) 1110 110 110 109% BY F. H. RICHARDSON. 2 P RNy & SOUAIN 15" 14 Mandel Brothers.... 3 14% 14% 14% 14%| 324 28% Skelly Ofl (2).. 2 "30% 30 30% 30% - e 98 | Phillips Petro %s. 84 92% 92 12% v-fi‘éfl%vfigfi“o{?fim e When the Federal Conservation Board | 35% 25% Man Elec Supply.... 26 35 84% 351 36 | 104% 95% Solvay Am Inpf6i. 10 103 108 103 ~108% Speclal Dispatch to The Star. 921, | Plllsbury F M 6s°43 1 108% 103% 108% | 00 w0 by the Standara Sta- Buggested to the oil industry that it re-| 24% 20% Man Shirt (2). 2 22w 22 2244 22 30% 24% So Por Rico Sug (2).. 7 29 28 28% 29% NEW YORK, March 7.—On the a g8ty | Postal Tel & C6%m 38 94 93% asy tistics Co. 1 its first of the month 4 to & six-di K basis all re-| 7% 5% Maracaibo Oil Exp 1 "6 6% 6% 6| 66% 564 SouthernCalEd (2). 5 61% 60% 61% 80y theory that the cut of the Federal Re- A;’:::g"' - 97y, | PresseastiCarss. 17 90 90 /90 | Mstics Co. £ U for important il e gl 55 89% Marlin-Rockwlt4%. 2 B5l1% 51% B51% B5l'4| 27 181 South Dalries,A1%. 1 27 27 27 27 |serve rediscount rate from 4 to 3% | QUESRUIne 08 Koo 85 |PubservGandsse. €4 97% 96w o7y | Tesume of the tlook finery runs of crude oil in order to clear { ,gi; 205 Marmon Motor (2) 2 30u 29% 29k 29%| 9 314 Southern Dairies B 2 84 7% B4 74| per cent has merely been delayed a|{usiraliabslffd.e 4 GO, ®7% | Pure Ol 514s°37... 2 100 99% 100 o "m“""l Sinplements—Outlook for up the present glut of gasoline, differ- 4 3 Martin-Parry....... 3 4% 4% 4% 4 127 119% Southern Pacifio ( 1 121% 121% 121% 122 week, bond prices today continued the A::l;i‘ 1 1957. 10 1041 104% 104% [ Remington Ar 6532 2 96% 96% 96% the'"w tural ‘hinery industry, ences of opinion immediately came to ;?"fi 87% Mathleson Alkill (2) ln; 46%; 4b% 46% 44% | 136% 125'x Southern Rwy (3) zg 12:% 133% l;:'m lgg% :Idn‘x,;;c: 's’n‘l'm'r;‘::n;llz'"besuut g‘Y:;W'::} e 2 w’,’ 94 94 | Rem Rnd 5% war.. 7 97% 97% 97% | although still mainly favorable, is less the surface among the larger ol leaders. | Spit 13, fl:;fi‘(:‘f&';)'“” % 1120 128 129 129 lsion of the year to date. * 5 96w 96% 96% |Sinclatr O1 + 3 100% 100% 100 | promising than & 'th"d‘m“‘:l:’ b e The Rockefeller group, led by the| 354 29% MaytagCopf (3).... 2 2 88 36 .38 36%| The strei was apparent in all de- 5 1025 102% 10:% | Sinclair ON 63%m... 4 101% 100% 100% flml the recen h:nu Standard Oil Co. of New Jersey, agreed | 33 264 Melville Shoe (2).... 22 s 109% 109% 109% 109% | partments of the market, high-grade is- 108 108 108 | Sinclair Ol 7 < 5 101% 101% 101% | cO! “'fl‘ml’“"‘ “p’“musnmp‘"ewm be uickly to the suggestion, although mak- [ 224 154 Mengel Company (3) 119 4 20% 20% 20% 20% | sues moving to new high prices for the 111 110% 110% | Sinclair Crude 8%s 13 98 984 98% Attty fhg it plain that a -eduction on account | 22 16l Mexican Seaboard... &3 1 21 21 21 21 |year, and other bonds which have been 34 95% 954 95N - o AN of its own operations was not needed, | 3% 26% MiamiCopper (4). 1 4 33k 31% 33% 31%|quoted at better than 51, per cent 3 1021 102 1024 | _Alreraft—] largs but that it was interested in uniting on| 74% 53 Michigan Steel (2}4). 7 9 45k 42 44w 43u improving strongly as specula- 7 104% 104% 104% a program which would bring about a 28 28% Mid-Coutinent P (2). 2 264 26 26 26% Stand Brands (1%). 111 26% 26 26% 26%|tive buying anticipated a general ad- 1 102% 102% 102% mel;a orderly balance between produc- 1% % Middle StatesOtlet, 3 1% 1K 1% 1K Stand Comm Tob. . 3 6% bW AW 6’ vance in these types. 1 95% 95% 9% PO aa refining. 89% 37 Midland Steel Prod.. 3 48 4T% 474 46k Stand Gas & EI (3%) 12 118% 118% 118% 118% | United States Government long-term 93% 93%|Sug EsOrlent7s...” 2 40% 40% 40% | CATMINgs outiots Mo R, 'C. Holmes, president, Texas Cor-| 4% 3% Miller Rubber. 4 au dw 4 aM Stand G& Epf (4).. 2 65 65 65 65 |obligations were off from 2-32 to 12-32. 100 100 ipgaa'canamen... 1 100 100 1008 |0 AL aniesly AnpemsIngEl & ot poration, dissented, on the ground that :—’;": N St oMb P 36 20% 19% 19% 20% i glv;::l.fn;r‘ab . 2 12 1 Tl ». :?3' ld»:‘l_'r‘\ce !éu new high levels in this 8% Penh Rl Fow 2 1000 106w 100% o;e%u‘—m s mw'-m 155 st o 4 would ap-| 5 7 Mo Kan & Texas. 8 551 b4 b54% B5W Stand O of « % 5! up ursday was apparently in 78 s % riod recol reguiation of i;fig“fi:{m;‘;{“ms‘:’moun‘{_ 1067 103 Mo Kan & Tex pf 5 106% 105% 106% 1051 Stand Ol Exp pf (6. 5 101 100% 101 101 |anticipation of a 3% per cent rate for sosl’ e [ T COTDAVES T4 108 101 101 AN B ess 17 1629, aithough _combined pear to_lea 93 87 Missouri Pacific. 5 97 96 96 98 Stand OIIN J (12)... 62 62% 61% 62% 62%|the new Treasury short-term financing. % 96% . 9% 9% earnings of 28 leading companies were 5 97 96 101% 101%3101% | United Drug s U 'S Rub 1strf bs.. 100% 100% 100% | 7 8 Rub 1348, .. 103 103% 103% | Gean Pow & Lt & c nd legal difficulties.” -b{;rmnhfi:fx:}q,um his statement, made 1:‘1)!& 13; :Illouri P ( reference to the economic program out-| 4 ohawk C Mills (3. ed at Houston a year ago, in whicl Jned ecided that the 1929 production should be kept within the limits of the Production of 1928, Had this been real- Jed (the Government prevented such 14 93% 93 93%| only slightly above those for the pre- 11 87 86 86 |ceding year. 100% 100% 100% | _Automobiles—Production of cars and 98% 98% 98% | trucks in January fell some 33 per cent 90 88% 90 |below the total of January, 1929, and A 89 operations during ‘most of February 20% 89 showed little change from the 102 101 102 |month's levels. Stand Ol N Y (1.60) Stand Plate Gla 6 145 144% 1441 1453 . 82 32 31% 82% 82 38% Montgomry Wrd (3). 132 47% 45 46% 46 3% Moon Motors. 584 Morrell & Co 19 82% 32% 3% 320 ‘The 3% per cent rate for the $450,- 2 2 2 2 1000,000 certificates of indebtedness, for Sterling Sec A, 12 16% 16% 16 16 | which Secretary Mellon asked subscrip- ing Sec pf ) 1 18% 13% 18% 13%|tions today, seemed a little high com- | & ing Secov pf(3) 4 42% 41% 42% 42 |pared with current market yields and art-War (h3%). 7 40% 39% 40% 39% | there was an automatic adjustment ac- & Webster (4). 101 101% 100% 100% 101% | cordingly. Studebaker Co (5)... 14 424 4l% 42 42| American Telephone S (1965), led Colombia 101% 101% 101% | Walworth 76% 176 76% | Walworth 614 91% | War Quinland PP =] - e o .there probably would have| 33 35, Jiotor Treducts 8 % _ % _ %) the high- Copenhagen 4% 53. 831 83% 834 been no cut in the price of erude ol ( 505 125 Mullins Mrg. son 53 e g (e T T o ctivity, and | Copennagen 6 ct. 105% 105% 105% { 115 the fluctuations of Mr. Holmes says. in the| 64% 574 Mullins Mfg p: 105% 102% 10s 103 108 103 103 |issue. Gains gvere made in Atchison | CuD8 6%s. 1 11 102% 102 102 | yehiele trade, which during the current The fact is that the increase In tA¢| 241, 18" MurrayCor(bz%st 2 Th B4 24 6% 6% 6% 6% general 4s, Canadian Natlonal 5s, New | C2°Cho 88 1951..... 4 110% 101% 101% 101 | vear to date has been some 30 per cent oil production of the entite TRUES! yo 5y Nash Motors (8). ks | 2% 20 12 23% 28 234 23 | York Central 4s, Southern Pacific 41:s, | C2echo 881952, lg!% i 108% | below the levels of the like months in States in 1929 © e 131% 121% Nash. Chat&StL (1), 50s 120 1291 5 2% Symington.. 6 3w 3% 3% 44| Prisco A 4s, Standard Ofl of New Jersey | Danish Munic 8sB. 5 109% 109% 109% bl 0% Sou | 1929, demand for automotive parts is 104000000 barrels. o peen| 26% 18w e ek 24| 12 i Symingion (Ad...es 7 10w 9% 9% 10%| 5s, Philadeiphia Co. 55, General Motors 915 ¢ 104 153% | mot. iikely to be nearly as active in the Still, overproduction has &) bt 18% 18% 18% 18k | acceptance 6s and Laclede Gas C 51s, 101 101 101% 101% first half of this year as last. ! 206 11 4 & problem in the oil industry. 15% 9% Natl B 4 8 p A few days ago I asked Walter Tea- | 220 177 18%| 19% 15% TelautoCp (11.25) 1i%| 18w 13 TennCop& Ch (1) i 219% | 56% 50% TexasCorp.(3). 104% 104! Automobile tires— Manufacturing 101% 101:’. RAILROAD. schedules have been considerably in- 102 102 - 4 1% 7% T7%| creased since the beginning of this 1¢% 14% 14% 14%| The strength in the junior type of bonds, many of which are considered 62 61 61% 61 |inordinately low compared with bonds S @ 2 o o 2 L o & 3 % the Standard Oil of | 88% 71 NatBisn (p2.80) 88 885 54 Tex Guif Sul (4) 1 oil outlook. : S Sl - 23 23 | Commercial Invest y 101 101% | Atch deb 4%s°43... 5 135% 135 135% | Jixely to equal the levels reached in “ il business, there is go- | 24% 20 Natl Dept S 1 22 22% 3 23% 23 vestment Trust 5is, 6% 106% Dan said. “We look for an increase of abou! ation: cl 182% ber 5s, Phillij P 1 2% 121% 121% | AtlantieC L. 8 92% 92% 92% hwithsta the sl start from over | 141 138% NatlLead pfA (7)., 2 36w 35% 364 35% 3 ps Petroleum 5%,s, Sin- Not nding ow 8 per cent in gasoline consumption over | 18, 155 JLG LI PEAGD-- 2008 148 ki 12 12 11 12% 1Da|clair 6%s and Hudson-Manhattan | German Bank 6s°3. 16 9% 89% 89y |AtianticCL4%us64 16 100 98 100 |an abnormally low plane this year, we the entire country for 4 B ction, both | 122 102 NatlSupply (5)..c.e 13 115 109% 18 12 1% 11% 12 [income Ss. German EIP6%s.. 5 92 9% 92 |Balto&Ohiogoldds. 5 92% 921 92%|anticipate a marked seasonal ufzfirn ‘Unfortunately, overproC esulted in| 92% 70% Natl Surety (5).esee 17 923 90", 1 21% 21% 21% 21 In the junior railroad group Erle gen- | German 7s... 9 107% 107% 107% | B & O cv 4%, 10 99% 99% 99% | of construction activities in early future in crude and gasoline, has resulted B | {10 G5 NatTea Co ) P . 3 90 87 90 87%|eral lien ‘4s and Frisco 4 were most | Ger Gen Elec 78 1 103 108 16 102% 102 102% | Weeks. compet! ‘fm" ‘are not at all in keep- [ 50 43 Neisner Bros (1.60 3 43 43 4 16 156% 16% 16 |active, both fractionally higher and the | Greek 6s 1963 5 864 86% 2 102% 102% 102 | Chemicals—Varied conditions are Where Vgt O ame of business. I am | 32% 27% Nevada Copper (3) 5 20% 20| 80% 70% Timken Roller (3) 16 79 77% 77% 78 |latter at a new high level for 1930. St. 6 95% 89 104 10315 104 | extans in the several principal branches ing wit e vol try appreciates the | 57% 40 Newton Steel (3) 180 50 6% 2% Tobacco Products, 2 4% 4% 4% 4% |Paul adjustments were bought in mod- 1 100% 100% 2 10 110 109% 110 |{of the industrial chemical industries, sure that the "“l‘;’;fi‘ N vash ks 2 45 45%| 114 7% Tobacco Products 1 10% 10% 10% 10%|erate quantities and were nearly a point 2 103% 103% 103% |but with duliness of markets a rather 4 ransue . ” e ere ‘were m " ang & Al s 48 5. 1 88! i) 0% me ;!: zfl*:l;l‘l’ mflg",?“’"“ g fi {i‘,‘;% igg’.,: :;;«‘ :‘;2-4. Trico Prod '”‘: ; gg:: §2"’ :;::a :ln;v. m in fgr;!gn dollar at::ng:h:;dflm 9 96 Bouoni:::m:ll‘ 20 98& 99»‘/’:. 98% | curtail m:-:lzgnutd h; order to prevent pRlues JOURI- 50s 300 304% Trusx Traer (1. 0T Ao nd was definitely upward, some high- 96% 98% 98 98k | accum xcessive stocks, there- Todhy President Thomas G. ‘Masaryk 2 128 124% | 37% 33 Truscon Stl (g1.20, 1 36 35 35 34% | grade descriptions, such as French g%v- IUK‘: 92% 92% 92% | by causing a steady decline in produc~ of Caechoslovakia celebrates his eight- | 130 122 NISH&H 339 180 | 7 70 TwinCity RTpf(1). 208 75 75 ";", Dot g:ézlln&lo;emmenu and a 9% % 9T 9T brua) h birthday anniversary. 1t has be- 3% N YOnt e 14 14% | 130% 974 Und-El-Fishe 7 128% 127% 127% ew of the better South Americans, had Lo Dl s a looa event. For this| 265 226 Norfolk&Westn(i0). 2 250% 28 | 16 10 Union Bag & P 1 134 18 apparently ‘been pushed too high and | Korsec s o sact, 14 o8 oo i %on of a conchlan, who for the lest| 33, G, Nerih Am(bi0%ac) 95 117 S 15| 49 1% Umion oNorCalise) 4 43° ahe &3 Socined Tracticusly. with todey'd tem-{ g pons ;'8 108% 103% 108% u 16 101% 101% 101% ears presi over the rs | 12 o 6% | 46% 41% Union Oil of [§ 4 % % g of the money rate. % 3,% o pgh(_.:g Pnost prosperous and in- | 102l 100% North Am EA pf (§). 8 102% 4 102% | 237% 215 Union Pacifie (10) 1 225% 226% 226% g £ Marseille 6s. 16 104% 103% 103% P ‘gg: 1;23;‘ ‘::: b e S | T 1 AL ) i, e ARG 3 HE R S Wachington Stook Exchange | B, o 1508 190 B e outstanding world personal o ydi3.e). 50% 36% 33 Union Tank Car. . 4 33 ontevideo Y present century. 28% 13% Oliver Farm Equip.. 7 26% 26% | 664 43 UtdAlrcrafta Trans. 69 63 621 62% 62y g 85% 8b%4 85% 10 108" 108" 108 ‘This nation of 13,500,000 of peodle | 3™ 70~ Olvr Pr Eqpt A(6).. 2 81% g3 | 67% 56 UtdAlrcraftaT pfd 65 65 SALES. 851 85% 854 8 100% 99% 99% was c%nycelved '“&u‘li';“'?:o into exist: | 44% 314 OuveFriqovprd). 2 4k Aaye | U R, R DRRSSIC L EN) g e |A°"5°“,’;f,"_fizl:?'m‘l6\l&fl R. R, quar. 5— 97% 9% 9T 3103 108 g e ge esso s X 2, $5, is. 15 1014 101 101% 62 100% 100 whom one was President Masaryk. . -] ot Capital Traction” 5—$00 at 95%; v 651943, .., 30 103% 103% 103% %5 “Sow 96 other two wel ie ey 90s 80 78 fa a- Norway 6s 1944 13 103% 103% 103% 243 96% 957 fessor of economics at the University 4 n Gas 55—$500 at 101. P h of Prague, and Dr. Milan Stefanik, I - mm:amayz._‘;fiz,ooo at 915, |OrientdevSi 68.. 19 90 E9% 89% o ell_ known extiledufl%vrnmgxfl\flgmhssor 0% 521 Owena 11l Glasaindse 1 60n -y . :'pwmlwecrt{lc 6% pid—s at it OrfentDev'mt€s8s 4 98 98 98 |opggqyan 8 864 864 of astronomy, Who - ashington Rwy. lectric pfd.—35 | Parls-Ly-Med 6 2 103% 103% 103% With funds raised largely in the| 14 . 7 Pactflc Const. i o 10 9 at 95, 10 at 95, B B Misdta.. #1000 10516 1000 | I e 1 . Thic o | DDA CNOUIN (1S/OS W Hg Usined States, these three men formed | 84% 524 Facifio Gas i 635 | 40 20) 60 38% 38 384 Mergenthaler Linotype—5 at 1061, 3 1 Chi Gt West 13 6% 6b% (5w | same month of last year the Czechoslovakian National Council in ¥ 2 cific Lightin) 6 9 91| 32% 25 UnitPlecoDyeW (2) 9 31% 31% 31% at 1063, 20 at 106 N 14 S o ‘| " Lead and zine—Domestic output has Paris which evenutally the allied gov-| 30 21 FPacific Mills. 26%| 97 97 UtdPleceDpr(6%). 2102 99 102 National Atge. & Tav. pIa—30 at &%, | bers 681961 s e st o been reduced to a level below that of ernments recognized as the de facto| .1 1| 12 4% United Stores A..... 2 8% 8% 20 at 4%, e " 4 " Rl 0 | a year ago, and demand for lead has government. 18 165 | 36% 15% Udt Stores pf. 128 28 28 i Boiand 66 40 3 11%% 1104 110 |Col MUSPAPcield104 98 - 833 /93X | pesny relatyely ioss iffected BY Businses Those who believe that one should | 9% 204 | 20" 184 US& Foreign 15 20% 28% 20% APTER CALL. i el i B L i T B B recession than many other lines of in- retire from active iife at 60 might be 601 53% | 139% 110% U S Ind Alcohol (17, 33 122% 120 120% Barber & Ross 6'55—$4,000 at 8914 1005 94m 94w 94y |Ch1& NW gends 8 90 88% 89% | dustry. A interested in knowing that Mr. Masaryk o 53 9% 7% US Leath 3 8% 8% 8w % | Potomac Electric 513 % pfd—10 at Chi N W 4%s 20; 15 96% 95% 95% ! Leather—Shoe manufacturing declined Was 64 when he began his great work of | (&% P 6% 6%| 19w 15 US 2 16% 16% 164 1073, Queensland 7s..... 4 105% 105 105 |Chi& N W con %142 100% 100 | abruptly in November and producers Eang o gavetment 0 Omcbosle. | gy N I oIt s P Washington Rwy. & Elec. 45—8$2,000 at | Rhine Wst EP 6563 9 90% 11 109 108% 109 | have not since recovered et 3 'vakia, wi had been destroyed nearly B e 1{7*« {6;: uaw"x . ;7“ R o IG:: “:: 86, $1,000 at 86 $2,000 at 86. 5 Y% 3 100% 100 100% | fidence in the sales St thie it strughle mes| 2% 204| 8% ;60" US Rty ()eer 3 66% 66 66% ashington Gas 6s B—$500 at 105}, e A e | 3 L 4 UNLISTED DEPT. 5 75 % B e & T B i s Al ek Sariis ak 10 ok $ o 70 956 oaw 98w ), i 3 . 9’ came @ biacksmith, then & school teach fi'fl 28%| 836% 29 USSmeltRef(3%). 3 304 30 304 i 4 5 g& 2 100% 100t 100%, er, and finally a minor professor at the | gg,. 18 | ses B UBEmacRarotin. 3 52 62 52 Bid and Asked Prices. SaoPRuloSs 1938, .. 20 98 12 104% 104% 104% | M S urersity. t 8 14 104% 104% 104% Under his leadership and that of Dr.| o 7% BONDS. Sao Paulo 1960..... 3 94 10 96% 95% 964 commenced Benes, who, during the past 12 years, 48% LT PUBLIC OTILITY, Saxon (PW) 7 X .48 2103 103 have been conducted e . 68%| 114 103% UnivLeat Tobpf(8). 108 113 112 113 1. Asked |Seine 78 42........ 9 108% variable conditions, with un= S i ok et ae developed | o204 9 ¥2% »2%| 5% 2% UnivFipe&Rad..., 13 5 4% 4% Amer. Toh & Toen: 4 5 *". | Serbs Cr Siov 1a.. 28 8214 5 00 B 4 t. o e e o e o b | 263 280 People'sGasChi (8). 17 27d% 254 272% 256w | 39 314 Utll PwraLtA (ed). 11 38% 38 38% Am: Tel Serbs CrotSlo8s... 5 93 et okl i Tope. Tt is & tribute largely to-the work | oz, 150, PereMarquette (18). 3 160} 139% 1605 160 | 5y 4 VadscoSalesCorp... 3 5% 5K 6% Sofssons 6s. 3 103% Pt 3 3 3 President. the| 53, O0% PhilaCo6% pf(3).. 4 534 53k b3u Bim g:::: ‘c?;r:‘s.- xr‘n }g:" 1104 104 104 President Masaryk symbolizes the| 17, 11s Phila& ReadC&l.,. 4 16% 16 16 . 16 : 4 100% 100% 100% truth that ideals are the most practical | 1zi i Philip Morris (1)sees 8 115 114 11% 1198 Toho El Pow 6s32. 18 99 7 94% 94w 94% Tealities,” in that he has “carried into | 3es 291 Phillips Petrm (02). 25 35w 35 s5° sbp Toho El Pow 7s.... 1 99% 5. 15 98 97% 99% the world of politics the ideals of civill- | 26 213 Pieres-Atvow A % 28% 23% 23% 24 | 132 65 Vulcan Detinning(1)200s 121% 113% 116 gt s ncp e 23 90 ¥% 90 |DRG&Watéa78. 50 90% 90% o e B wave Prob Feik| A% by DlerceGQiloccooieiw 25 UM 1w 1w 1% 1idw 68 VulcanDetin (A)(1). G0s 113 106 111 Wash CEaY Gater 108 Utd Kingm 6%8 37. 20 104 103% 104 | Brie 18t cons 23 sew 85% TFrankfurter of Harvard UniVersity. | 1 34° Bilissves Pt Uy see son an gh | 284 204 WaldortSysum(1w) 1 26 26 26 Wash. Ky, & Eiee s n. 22 18 Sl ke L A el 50 1% 80% A fitting. tribute to a great idealist.| bow 45 Pirelll Co(A)(p3.14). 1 49 48% 49 49 o e bt g U B T Oruguay 88....rs 4107 107 107 | B 27 roms 100 1 e 151% 151 Pitts F W&C pt (7). 2408 163 208 When the Bank of England cut ita | 151% 181 PlsF WACPE (1. 2408 168 180 183 1514 SB.covs B B8 6% R A e B . % | vienna 65 5 86 85% 86 1101 101 101 | year co discount rate from 41 per cent to 4 [ 52 A0 Pitisbeh Sere 2| g9w 38% Warner Bros Plo (4). 768 71% 68% 70% ch 52 clu ¢ Yokohama 7 96 95% 96 results of 19 r cent yesterday, many expected the | 13, 100, DittsSueelpf(®).-.. 108 101 101 101 101 | Goul 363 WarBrosPpf (2.20) 17 624 60% 62 FoudaJAG ANnES.. 3 SIN : 31N 3| upration of ot r,' York Federal Reserve Bank to| 3. .- 2 10 9% 10 9% | 207 16% Warner-Quinlan (1). 8 17% 17% 17% MISCELLA Gr Trunk stdb 6s.. 16 104% 104% 104% | forthcoming. On the other hand, pres- Tollow suit, but it didn't, 1% 20 FiwonCompany... 1 % 22w 22 | 7" 130" W T R TP AN 12 110% 110% 110% | ent conditions of production, low The New York governor, George Har- | 7 % 29%| "55 46 Warren Bros 1st (3).220s 63 59% 62 2 97 97 97 |and ruinous com are vison, one of the most efficient students | 1o/* 0" D Rican am e By 36 six i 12 12, | 30w 284 WarremFyaPipecz). 3 20% 29 29 G 44 cing current rate of return, and S e e e fans. | 103 97 Postal Tel&Cr(1). 1.101% 101% 101% 102 | 55" 1018 Wess oMM BRoe (). 3 21 20° 27 o9 e?;‘{g% Eiion 6 b q o 116 e, ol o dleiebde Lon | 52% 45 Prairie Ol & Gas(2). W Webs i 27 ‘ashington < ‘halmrs 68°37 6 It is not believed that the Bank of | oo #3. Erairepipelicrer.. 6 a3 oo, i 4. | 107% 104 West Penn Pw pf(6) 50s 108 108 108 NoEW Htesmb e e Th ¢ hon the England would take the action of re-| yg 77 Pressed Steel Car 20% 241 Western Maryland... 3 284 274 274 Am Beet Sugar 6s 3 214 | Hud & Man aj §i ducing its rate without some assurance seee 4 4% 14 14 14 t Sugar 6s3! 1 824 |21, | Hu an &) ducing its rate without some mssurance | 7y, 52w Proc&Gamble (3).. & 674 6% 66w 66% e ey - A < I AmCham6s33.... 1100 100 100 |Hud & Man ref s Tts from 4 o 3% per cent. 91 6% Prod & Refiners 2 Bh 8% 8K 8w emhegryr iy i) AmChem 6%scv 49 5 1031 103% 103% | 1 Cent 48 63 34 90% 89% 90% 9 e O 4 b s ooht. | pusiness | 98% 8l PublicBerv.NJ3.40. 19 97° 96 96 o7 ey i Sak (50 AmIntCor6%4m49 65 961 95% nes 35 %6 SEE. %% | rosd 15 entering a test week, It's the first| 110, 106% PubB8veNIpt(6)... 2 109% 100 109% 109% Am NatGas6%s42 30 74 74 L 34 100% 100 is entering » test week Its the frst| 126y 121 FubSveNJBf(I)... 1126 126 126 1263 AmSmlit& R 1st5s 31 101% 101% T e D e o ese \iwo| 110 107% PubSvoE&Gpf(6).. 2 110 109% 110 110 300 | Am Sugar Ref6s.. 4 103% 103% S o2 eme 8t e ve been the same in many | “yow 81% Pullman Corp (4) 2 83% 824 822 823 Gommerclal ' A 50" | Am T&T ev 4% 38 534 160% 159 160% o 8 months, : - e gy % 82 Birtrrer = 5 ¢ II-C-C-StL&NO ba. 3 105 104% 105 Ci England, with the d alread; 8ls 4% gre Sugar,, 28 5% 4% bk b5 {! Am Tel&Teleg 58’65217 102% 1017 102% 66% 520 England, with the pound already | gew 21% PureOll (i%)...... 5 22 224 221 224 %0 300 |AmTa&Teltrbs.. 5 103% 103% 103% | jor Rabid Tran § oo ss By count vt withous | 8S% 77~ Purity Bakeries (4). 6 84% 834 84 85 4 |AmT&Tsfbs.... 9 102% 102 102% :::‘,;::.:?r'.n:p:. o o being forced to ship gold to square her | S04 4% Hadio Core. oo 50 48y Riges j ?’»fi A e wga:. 13 loo 100 100k It &G Norba1tie 1 88 03 68 |ings awoounta? ¥ 4 7 = H For 8 week—or even two weeks— | 43% 83 Raybestos Man 1.6 5 i NS O e thet 30 [AmWrtePap@sd? 9 79% 79 . 70%ine &G Norads 6 5 ‘805 #0 " g | an Yy yes. . But for a period of weeks, most | 141% 121 Reading (4). 127% 130m TRUST COMPANY. Armour&Co 4%839 1 83% S84 8RW|Int RysCABS..... 24 T4% T4% T4% P Eformed ctservers ahaxe’ thotr| 803 41 Reading ist % 45 50 American Security & Trust Co. o 2 R2% 82 %o%|ImeR 6 92% 92 heads dubiously. 81 4T Reading d 31 3). .. 50 50 52 Wilson & Co pf. Serchunte Bak 1 i Rl £is. 11 10 9 . . % 3 6% 76 e e narop ] The 74 Beis (R)&Co T e Trust, $8 20 | AtlantioReinSa. . 3 10134 1001 1015|Kan Clty FtS4s... 11 97 964 97 5 per cent or Great Britain Wi oL s W 4% | 104 67% Worthington Pum O et e it B 3 101% 101 see a _new export movement in gold. 39% B Semingim (al': ) 384 38| 87 78 Worth Pump B (6. Bell Tel Pa6s B, 5 103% 102% 102% 11 ssy ssy And that would not be so good—for | 190 92 FEmIE-RAd -ty 99% 100 | 59%' 35% Wright Aero (2) Bell Tel Pa 6s C 1106 106 2 89 England. 140 elaer & 8 (8) 138 136 22% 12% Yellow Truck &C. Bank of Bet A0 ‘Bethlehm Stl i 6102 100% 10gy | Leni Valends. 89 (Copyright, 1030, by North American News- | 14% 10% Reo Motor Car (30 13% 18%| 35 73" Yellow Truck pt. fommerce & o : Reth Steel rf § S 101% Joqes 100% | oute&Nash nui 48. 14 95% 95 Daper Alliance.) fl:u 1;3'/- m;-}:l‘r:us;‘u‘l,l,c T 76 | 4o 36% YourpReiag S). Bush Term BI 2 99 99% ,;'fi L&N4%82003.... 22 97% 96% 974 |equal the total for the like period of . A P Con s Beses. o 114,| 184% 108 Young Sheet&T ( Certn-Ta S%urcta. 18 B4w 54 -+ g:: o 1R ibber—We do not_expect 108 102 Revere Cop&B pt(7 102 103 RIGHTS EXPIRE iy it e 96 95% , for crude to advance ma $94,000,000 INCREASE 7% 4 ReynoldsSpring. 2 5% 6 2 % AmRoll M., .June16 b 1% 1% 1k Colon Oi1 65 38 1 3 2014 101 71014 | 108 P0G Festriction. of IN LOANS TO BROKERS 80 72% Reynolds Tob A (. % 78 1% Balto & Ohio.Mar1l 400 % % % o 56% 49% Reynolds Tob B (3).. B6% 55% 6% | 14 5 66 14 % 1 Special Dispatch to The Star, 26' 22 Richfield Oll (2). 24% 264 | 3% Mar1l 100 1% 1 1% 87 s NEW YORK, March 7.—The weekly | 19% 19% 19%| 16% 13% Lig & Myers..Mar12 27 16% 164 16% 87 2 105% 106% 106% and current construction 3 statement of the Federal Reserve on| 09% 44% RitterDentMfg (13) 2 64% b4 564 b41s| 21% 21 Pacific Tel & Tel....1508 10 6 brokers' loans showed an increase of | 48% 37% Rossia ine (2.20) 46% 46% 46 46% lumbla R 41 41 a1 &Tprin 11 102 101 stantially in excess of that at $94,000,000 during the week ended| 54% 49% Roval Dutch (a 50% 50% 50% b1 %‘,{ Estate Tidle 11 99% 99% gow [ ML 39 77 165 92 |last year. 106% 105% 106% | Mo Pac 68 A March 5, bringing the total up to $3,- | 122% 96% Safeway Stores(es 437,000 E 7101 100% 1 Sales. Low, Close. 853000,000, compared with $3480.000.| 924 96 Bal 2,410,000 e e Ro“.;“'-'-fl"low- e L 94 94 169 100 oo 100% | 8¢ L. 1&8 g 63355 100 1600 Tem ‘ebruary 26, an ,647,000, Dividend rats bove the i calt, % ast Cuba Sug T4%s 82 . 11 X om0 114% 107% St Le D s e e o e e e | hasa e ok B 198 | Fisk Rub s Vil P oM . 50 e i Loans for own account increased $53,- | 95% 92 8t L-San Fran pf. 000,000 in the current week and loans| 13% 4% Schulte Retail St for out-of-town banks also increased| 12% 9% Seaboard Afr Lin $52,000,000, but loans for account of [ 11% 9% Seagrave (e1.20) others decreased $11,000,000. Of the |*100% 82} Sears Roebuck (3! total, demand loans made up $3,175,- 000,000 compared with 8316000000 | PEOPLES DRUG NET! SHORT-TERM SECURITIES INVE§TMENT TRUSTS. |Mersealnier Hhofoe last week and time loans were $408,- Pregast; g S G NEW YORK, BT (). e Y ional Mtge. 101% "101% 101% 103% 103 103% 97% 974 9T% 103% 102% 102% 1061 106% 106% 93 925 93 10016 100% 100% 30" shares. A A LT . 3 Eayadle ip. 1 Plus 9% 1n stoc 1 10% 105 103 10% | mble in casn or Sock TP 10% in siock. §Fiws 6% in s % In l‘:.v k Plus !fi in stock. m k. 1 Pl Pius 2% 10 stock. g Plus 8 B ) 9 02% 89 9l 89u | ik, Stock. BPlus 6% in stock. Sublect to appro 6 95% 95 95% 95, 8UNIC of trading less than 1 1Fartly extra’ i Pius 4% | D, roed. - 5%, | Gen Mot Ae Cor 125" | Gen Pub Serv 5% 104 | Gen Stl Cast 6% s 48 117 | Goodrich 6%s 129 | Goodyear 6s rets. .. 107 HumbleO & R 6s. . 10 |HumbleO& Rb%a 85 32 89 |Gencablesys e g!!) g"«z 0 880885-8.33558 e - - BN oINS N BB e atis . & L' P ies Drus Stores pfd.. T g AR e 000,000 contrasted with $373,000,000. 1 1024 101% 1024 “FoUgwimn( g Ry nfl - $5-7I ON CUMMON 5-Chalmers Co. 55 1937 connter market: 1 173 ¢ | Il Bell Tel 6s 104 104 104 ew York Federal Reserve Bank yes . Co. of g 18 Affliated Inv. new units. 51 | TN Steel 4%s 981 9RK 9%% terday afternoon, no announcement wa. o HoP Am. & Cont. Cory 2 Inland St1 4 18 93 3 93 made regarding the rediscount rate, 3 g:‘"”n'mm X Ohio 4 145 | Intl Cement 83 05% 94U 95% which is 4 per cent. Annual Return Compares With| Batavian Pet. Co 1 27 1935, h i AT S $4.75 a Share in 1929, Yearly |Ganacian Nor Rwy. 47 Ghicugo Rock teiand 4 i Buy Telegraph Co. Stock. FOREIGN EXCHANGE. Chile Copj 9! NEW YORK, March 7 (#).—A large Report Shows. ile Copper 2 l.;_lock P ke B Deuuchfimfi;u%he TR %1‘5' ’fl'.i':‘.x’! .cé%n 'io 4 & -:u: N: g.,w 23! (Quotations mrnl;:;:l:.y w.:. Hll:hl & Co.) 3::3;!;1;1&% H }’g lgéu lgga 891 | Texas & Pacifie 1st. h-Engesellschaft of Berlin has . A xed Trus : ™ntl Tel&Tel 68 '65. % B e e oeatl (e ldentity of | Net profit of Peoples Drug Stores, | Geasyenr & & p s & 2t s s Tex & Pac 65 C 19. which has not been disclosed, through | rpne, for year ended December 31, 1929, ., ‘ot “Am. KanG & E£6s62.... 38 1056% 105 105 9% 96 negotiations conducted by Sutro Bros. 3.920 after charges and Federal Jasy, ‘aveatory Trugh. Kendall 5%s 48 war 90% 90% 90% | Nor Pac rt A 13 s ©f New York. The company operates|Wss $893,920 after charges an: al Amer. Trust 8hi Tol Tr L&P 5%8 a cable in the North Sea connecting|taxes, equivalent after preferred divi- ———e % Lackawanna Stl 101% 101% | Ore 31‘::: ln'o?:“ ; Igto;t 1:«6 104% with the lines of the Eastern Telegraph | dends to $5.71 a share on 127,975 no- | Fu U. S. TREASURY BALANCE. v : Laciste G s -l 2 b 80\ | Unbou Pug Sndh. .. ‘4% SEI NN Co. of England. ‘shares of common stock, This com- [ s * | Lautare Nitrate 81 81 | pennagendtM.... 26 99 99 go |UnionPacificlstds 17 94 94 A 4 -t : Cor 938 081 The United States Treasury balance, | Pragu . si; | Ligget&Myers b 215 102% 102% 4} 6 9 Un Pac 1st ©f 4 23 90% 89% PUSERREES pares with $744,529, or $4.75 a share on | Siandard Oil N. announced today as of close of 119 |Eennath s 9% 99% 99% | ynion Pac 4 3. G 122,625 shares in 1928, - L., Ir Mt & 8o, Ry. b March § S o business e i i 119 119 |penns 28 108% 108% 103% | yo o - Furnace Operations Resumed. Balance sheet as of December 31, |St L! Southwsters o e SIadsL3. Oustonss| iuls’ orowa 115% 119 | Penna 11 109 108% 109 tions have been resumed at the four g i $1,136,884. & ratio | Gnited Do | tures, $7,933,780.68. 91% 91 of 3 to 1. Net working capital was o 101% 101% P-u-;:::: 1 92% 92% $2,384,466. 1 0" ‘s 1 99 Manati Sugar 1%s. 2;1 1:3: 100% | Port BL&P T3%e 48, 1 105% were closed down several days ———— o s o & MeC'rmick ER 6 L s SR 2 Eo8 s i ot | o e SEIEE T gy ala SRR L B it | Tow dayn. 0 the British Gliding Association. o in 3 g l& P asb s, .1 100 100% 100% TR L 0T Gke