Evening Star Newspaper, March 7, 1930, Page 15

FINANCIAL. CURB SHARES RIE IV ACTIVE TRADING Market Shakes Off Irregu- larity After-Early Period of Hesitancy. BY JOHN A. CRONE. @pecial Dispatch to The NEW YORK, Marci by easy money, favorable earning re- ports and utility mergers, prospective and actual, today’s selective curb mar- ket, under the leadership of utilittes, trusts, amusements and oils, worked out of its early irregularity into higher d. groun Utilitles Power and Light B was up more than 4 points and American & Foreign Power warrants were up gbout balf that amount. Electric Bond & Share, despite active dealings, showed little change. Moves in the Southwest natural gas fields improved natural gas shares, which had to overcome con- | siderable profit taking as & result of their recent sharp gains. Loew’s warrants and debenture rights were up 1 and 3 points respectively as | & result of the brisk run-up of the| common shares on the big board. Fox ‘Theaters A was active, but a trifle lower. Investment trusts and holding cor- porations met brisk bids that lifted many to new high quotations for 1930. The Goldman Sachs group were the first to score new peaks as Blue Ridge common, Goldman Sachs and Shenan- doah common worked into new high ground. Lehman Corpurauon, with & gain of more than five points, also climbed to a new high mark. Plans to curtail Oklahoma and Cali- fornia crude ouiputs and to reduce re- finery operations in Texas and Okla- homa bettered the feeling toward oll shares. Humble Oil & Refining again was the feature of the Standard Oil group as 1t rose to a record high price. Vacuum and Standard of Inliana braced, but the lower-priced oils were dull. Newmont Mining was the most prom- inent in the mlnu, hitting & new penk Anglo Chilean Nitrate was up 1% points !ollewml reports of increased feflfllur sales. Copper shares remained dull. Wholesale Market ‘Butter—One-pound prints, 39%a40%; hlh. 371523815, Eggs—Fresh n%l;ml 24. 'a38; Leghorns, 32; fowls, 32a33; capons, 35a40; ducks, 30; keats, 80a90. Meats,resh killed—Beef, 20a23; veal, lamb, 23; pork loins, 28a30; fresn " hams, 26 fresh shoulders. 22 smoked 28; smoked shouider: 20822: Imxn, 28; lard, in packages, 14; 1315 ul!‘fi 3 lambs, lally market nlgtmonum;n: aua vegetables (compiled e Markef News Service, Sureau of Agricultural Economics) sa; Awlu—supphu moderate; demand m market steady; barrels, too few. uote; boxes, Wuh- inches -up, Yorks, most) Twigs, 150a1.75! inches 114-bushel painted type, ‘hampers, us. round type, 2.75a3.00; old ‘stock: cflcr!—slxvplhl light; demand light, s act Florida, 10-inch crates, crate-washed and individually washed and pre-cooled, 4 dozen, 2.50; few 2.75; 3 dozen mostly 3.25. e, market Gl Culiortia. cten market _dul crates, Iceberg type, ¥-5 dozen, 2.75a3.00; few low as 2.50. Onions—Supplies light; demand light, market about steady: Ohio and ln I-m 100-pound sacks, yellows, U. S. 1, size, mostly 2.25; Ohio loo-pound llows, U. 8. No. 1, medium pound sacks, Green Moun- tains, U 8. No. 1, 4.25a4.50; l?n-pound sacks, U. 8. No. 1, 3.40a3.5 Ile' Brunswick, 120-pound sacks, Mountains, Canada, No. 1, 350. Nev York, 150-pound sacks, round whites, U. 8. No. 1, ‘llllji Idaho, 100-pound sacks, Russet Burbanks, U. S. No. 1, 4.00. New stock: Too few. sales reported to_quote. Eggplant—su| light; demand Ihw market - dull; Florida, =pepper wlde nnpe in quality and condi- BONDS ON THE CURB Hous GG 6125 * 3 Houst Guif Gles A of Dot “Ouhiie d }3&:* il U s 9 Int "N 55 147 8315 gs' cripps 8E P4l 6 A 2028 I’ el I w:n\ler Ml l ‘ I Web Union v Brswa e > —Stimulated | '-lru. *.a.z : 90 Notiee—All stocks are sold in ene ing those designated by the llm those stocks to be nll ~Prey o~ High, 1421 108 145 T1% 274 3% 10% 26 3214 132 % 1% 20 35 30% 14% 42% 444 40% L 8% 660 131% 5% 131% tm lw Int nm “ 7 £ 13% Aero Underwriter: 23“ 34 3% I 264 3 18% 65 113% 105% 10 624 225 1% ke 18 23% 94M 5 1% 15% 9 3 8 36% 1 29% 1% 7 13% 36 122 2% 5% 14% 310 234 6% 83% 27% 85% 24 24% 8 3 2% 4 Carlb Syndicate hundred-share lflur s (65s) odd lots only Stock and Sales— Dividend Rate. Add 00. M_ Righ. Low. Close. Aeme W Covte 112). 8 0 Aeronautical Indu 1 Aero Sup Mfg B R .24 Ainsworth Mfg 12%. 2 All Amer Gen Corp.. 1 Allegheny Gas Corp. 24 Allied Aviation. All Int Inv Corp Aluminum Co of Am Alu Co of Am pf (6). Aluminum Co, Ltd Am Arch Co (3). Am Brit & Cont. Am Br B El fd shs Am Chain (3). Am Cigar Co Am C PAL B (b10%) Am Colortype (2.40). Am Cwith P A b10% Am Cwith PBb10%. Am Cmwlth Po war. Am Control Ofl Flds. Am Cyanam B (1 Am Dept Store: Am Equities Am For Power war, . Am Gas & Elee (11). Am Gas&Rlec pf (6). Am Inves: Inc B Am Laund Mch(4) Am Lt & Tract (10). Am Maracatbo. ..... Am Natural Gas. ... Am St Pub S(A)1'60 Am Superpower (1). Am Super 1st pf (6) Am Yvette (new) wi Anchor Post ¥ (2)... Anglo Chil Nitrate 6 1 810% 310% 5107 107% 1169 169 2 : 23% 15 Arkansas Nat Gas A 14% AsS0G& E A (1240) 73 45% Asso GRE A debrts. 12 11 1 52% Atl Coast Fish(1 8% Atiant Frult & Sug.. Atlantic Sec Corp. Atlas Plywood (2).. Atlus Stors Corp(31) Auto Musie (A) (1).. Aut V M ev prpt (2) Axton-F Tob A 3.20.. Babcock& Wilcox 19, Bahia Corp..... Bellanca Afreraft. 1 Bickford's, Inc (1).. 1 Blaw-Knox Co (1%). 3 Bliss Co (B W) (1).. Blue Ridge Corp. ... Blue Ridge cv pf (a3) Blumenthal (8)..... Brazil Tr & Lt (2).. Bridgept Mach (25¢) Buf Niag&EPpf 1.60¢ Burco, Ine. . . W 204 244 284 12 18% 46 180 4% 7 20t 33% 27 14% 41% 45% 268 130 12 4 e 82 RS I Burco, Ine (w: Burma Corp (t31e). Butler Bros (30c). Bwana M Kubwa.... Cab& Wire Ltai rets Can Marconi....... Can Pacific(new)w.1. Carnation Co (31%). Cent Hud G&E n(2). Cent Public Service. Cent PSv A al1.75). Cen States El (140¢) Chain Stores Stock. . Charis Corp (13).... Ches & Ohio (new). ., City Mach&Tool(12) Cities Service (330¢) Citles Serv pf (6)... Cit Serv pf B (60c) Clark Lighter A. Clev Tractor (1.60).. Club Alum Uten. Colgate-Pal-P (2%) . Colon Oil. . . Columbia Pictures. Columbla Syndicate. Com‘with £dison (3) o reBofc are = 4 Comwith & Sou war, Com Wat Ser (b6%) Comstoek Tunnel. .. Consolidated Atrcrat Con Dairy Prod (32). Con Retall Strs (1).. Consol Cortez Silvtr. Con Gas. Baito(3 80) Con Gas Ut A(2.20).. Cons Instrumeht. ... Cons Laundries. . i Cont G&EI pr pf (). 1% 3 435 113 2% 5 104 16% Continental Q1. ., .., Coon (W B) Co(2.80) Cord Corp.. . - Cor & Rey pf A (8) Creole Petroleum Cresson Cons «8c). Crocker Wheeler. . Curtiss Wright war. Dayton Afr & En; Deere & Co (36) Deere & Co new w.i... De Forest Radio, Detrolt Aircratt Cor, Dix Gas & Utilitles. , Doehier Die Casting. Dolores Esperanza. Donner Steel. ... Douglas Air (75¢). Dres(SR)MIg A 83%. Driver Harris(new)., Dubiller Cond&Rad. Duke Power (35)... 2751 Duran: Motors. Duval Tex Sul w.i.. East Gas & ¥ Ass East Sts Pow B ( Educational Pic pf. Eialer Elec (1.50) El Bond & Sh (b6, El Bond & Sh pt ( El House Util (32).. Elec PFow AsS0 (1)... Elec Pw A850 A (1. El P& L opt war, . Elec Sharehldg (31). El Sharehold pf (6). Empire Pwr Corp(2) » N R N e L L. 06 1 4% 3 u3w 16 32 3 47 25 29y % Emp Pub Sv A(1.80) Bl 897 115% 2501 1219 pran 3 Empire Steel Corp. .. Employ Remnsur 1%. Engineers Gold. Kuropan Eiec (The Europe El Ltd opt Evans Wallow Lead Fabrics Finishing. Fairchild Aviatipn. Falcon Lead, ... Fanny Farmr C ( Fansteel Products Fedders Mfg Co (A). Fiat receipts (1.26).. Fokker Aircraft. Foundation For Sh: Fourth Nat Inv. Fox Theat Cl A General Baking. General Bak pf (6).. Lid reis (50¢) smpire Corp. ... Pi'proot (12%). Gen Gas & K1 (A). .. Gen Laundry Mach. . Print ind (2%). en itity & Utilities. Gen W WEE A (2).. Gleaner Com Har(2). Giove Underwriters. Gold Coin. Gold Seal Bl B.vvres Golden Center. Goldfield Consol Goidman Sachs ( Goth Knitback Mach Graymur Corp. Gray Tel Pay Sta 125 Gra&F Teapt (7). GrA&PTnv Greyhound Corp. Groc Stors I'roa v Guardn Fire A Guardian Inv Guit Ol of P o B o o % BeaoxBonnremSomte 3 20 1 86 6 208 117 17 180s 28:% 248 1 12% lafi Hecla Miniug (1) Heyden Chemic (2) Horn & Hard (2%).. Houston Gulf G Hudson Bay M & 8., Humble O1l (2)..... Hydro Elec Serv () Hygrade Food Prod. Imp Ol Can (60c). . indan Terr tilum ., ind Kinctfs (b10% insull Ut 1nvib6%). insurance Sec (1 40) interccast Trade ¢1) Intercoutinent Pet B intl Holdg&iny 10, ln ral Petrol n (1) Puil.l P TS TSP 3444 Iternatl UtA “I)- » fots | (2858). —Prev 1020= High. Low. 16% 6% 4 1% 14% Stock and Dividend Rate. nternati UgB. . Internatl Ut st £q ev pf (3) Interstat H M (1.40). Irving Air Cb (1.50). Iron Cap Copper..... itallan Superpow A.. Jefferson E (13%).. Johnuon Motor Kirby Petroleum. Klein (H)pt pf $1.20, Kolster-Br (Am 8h). Lackawanna Sec(4) Magdalena Syndicat. zel Strs pt (614) Mezd Johnson(t33) Memph Nat Gas Co. bE(13% Met & Min Inc (1.20) Met Chain Store Midland Sti pf (n. Midl Unit (b1% %). Mid Wst Utfl (b8 % Miller & Sons (2). Miss River F Cp war M& Kan P L (b10%). Morison Elec (31) Murphy Co (1.20) Nat Amer Co. Nat Aviation, Nat Buking pf Nat Dalry P pf A Nautl Fam Strs (1.60) Natl Fam 8 pt ( Nat Fuel Gas (1), Nat Investo Nat Leather. Nat Mfrs & Natl Transit (1) Nelson (Herman)(2) Neni Corpn (1.30)... Newberry (JJ)(1.10) New Eng Fuel n New king Pow p! New Jer Zinc (14) New Mex & Ariz Ld. Newmont Min (34).. N.Y. & Hond Ros 12, N Y Invest (1.20)... N Y Pet Royalty (1) Niagara Hud Pi40c) Niag Hud Pw A war. Niag Hud Pw B war, Niagara Shares Md.. Niles Bement Pond. . Nipissing (30¢) . Noma EI Cor (1.60).. Noranda Mines (3).. North Am Aviation. Obio Copper. Ohilo O1l (12). Otlstocks,Ltd Otis Elevator new. Orange Crush (1.5 Outbeard Motor (B). Pac Coast Bis pf 3.60 Param C Mfg Pennroad Corp Penn Gas& E Penna Wa & Pwr (3) Peop L&P A(a2.40).. 4 Perryman Elec Co Petrol Corp (1% ) Pilot Rad T A (1. Propper McCallm(2) Prudential Inv...... Pyrene Mig (80e)... Radio Prod (50) Railway & Lt 8 « RainbowLumProd B’ 90% Rep Steel cum pt w! Reynolds Bros Inc. Rocklans Li&P(92¢c). Ruberoid Co (4 Ryan Consolld: St Anthony Gold. Schift (The) Co (3, Schiet & Zan (1%) Schulte Un be-$1 8¢ Seg Lock & H (50¢. Seiberling Rubber. Selected Industries. . Sel ind allot efs l\t- Select Ind pr (6% ) Sentry S8afety Con Shattuck Den Min Shawingan Wa(2% Shenandoah Corp. Shenan Corp pft Silica Gel ct. . Siemens and Halske. Sierra Pac Elec (2).. Sierra Pac El pf (¢ Singer Mfg Ltd(30c) Skinner Organ (2%) Smith (A OF (2).. Sonora Products. So Am Gold & Plat. . South Coast. ... So Penn Oll (124 ) So Cal E4/pfB(1i).. Stand OiL, Ind (2%). Stand Qil, Ky (1.60). Stand Oll, Nep(13% ) St 01l of Vhio (2%). Stand Pow & Lt. . St Pow & Lt pt (7) SUArrett Corp. .v...e Starrett Corp pf (3).. Stein Cosmetics inc., Sterch Br St (1.20).. Stinnes (Hugo). Strombg-Carl (1%).. Stutz Motor Car..... Sun Inv. ..., Sun inv pf (3) 4 Sunray Oll (408) ., Superneater (13%).. Tampa Klectric (32) Teck Hughes (60¢)., Technicolor, ine. Texon Oll & Land. Thermold Co (3) Third Nat Inv (1), Tobacco & All Stks. Tobacco Pr kxpor Transamer (31.60) Tr-LuX DL P8 (A). Iri-Continental Cor. Tri-Cont Corp war Tri-Cont Corp pt(8). Tri Utilitien (11.20 Tri Utilities pf (3) Truns Fork 8 (1.60). Tub Art 811k B (10), . Tung-Sol Lamp «2). + Tung-Sol La'p pf (3) Ungerielder I Corp, Union Amer inve Un Nat G, Can 1.6 4 Union Tobacco Utd Carr nnnr United C United Dry Dock, Unit K1 Ser pur war. Utd Founders (b2 United Gy Utd Lt & Pwr A (1), Utd Lt & Po pt (8).., USDairy 8., US Elec Pwr ww. .. USFoll B )., U S Gypsum (1.60)., Ls&lmac 3dpday. US Lines pf (1 gl‘ res I it Verde Ext (4)., Universal Piotures. . Ttah Radio. . vunemen - ® LR TSI " Srrra - 2900 5 - - N Sonrlenfossnn » = B - @ oS ERrrelarednorErafrsonseS o wnares oo Py - o a—nNflN—ng-an.sm-w»mnv ng.n @, 190753 571 89 O3 ot 12 00 000 = bt O 1 R S 8 13 o 0 1 - i & o0 Bo5 i ¥esain e e L LT ey P S 38 16% 15 8% 27% 2 19% 178 W THE EVENING STAR, WASHINGTON, 22% OB'A “'A I.EV- 42% 42'« IB% 11 19% 20% 27 334 29% 26% 2414 55 9 6% 61% 1064 IBh 22 30% 26% 2 13% 62% 314 % 15 9% 1 164 41 by 1 9% 8% 8% 36 7 61% #6% 24 2% 9% 14% 18% B4 36 10 20% 12 13% 115% 13% 1% 10 38% 16% 17% 42% 274 407 % 97 6% 32 b b 84, 404 26 /| & dividend of $4 a share, or 4 per cent *% | cumulated surplus, but it was pointed %|ings in 1920 amounted to approxi- e for its ownjneeds. ¥ | twice. a_week for cash, separating their % production. { file & return within the prescribed time, * [ standing, payable April 10 to Sales— Add 00. oun High. Low. Close. 1). 36 24 Walker (H) (1 Watson (JW) Wayne Pump. . ‘Wenden Copper. D. C, FRIDAY, MARCH 7, 1930. ~—Prev. 1029.— High. Low. 24% 20% 25% 16% 93% 10% 3% 8% 24 18! Winton % Els| annusl puyment Stock and Dividend Rate. 18% West Alr Exp (80¢). 17% Zonite Prod (1.60)... RIGHTS. 3% Con Gas Balto. Elec. 7% New Eng T 3 # Newport Co & 3% Pac Lighting. Dividena :lm in doli FINANCIAL, s3x A_15 IPROFITS IN 1929 Sales— Add 00. Open. High. Low. Close. 1 39% 39% % 39% 1.5 5 5 5 58 58 58 50 18% 18% 18% 18% Engine Expire. 27 4% 6 % 5 32 % & % 8% 8% 8% 8n & & & & 3% 3% 3% 3% auarterly or semi- 39 iast *Ex-dividend. tPartly ex‘ra. tPlus extra in stock. & Pavable in (] oreferred stoek. % cash or ‘stock. " ® Pavable in stock Payable in = Y PRODULTS AD REVENUES OF FARM Produce Part of Agriculture Is Putting Industry on Cash Basis. By-products, which for many years were turned over to the farmer's wife as spending money, are now puting the farms of the counuy on & cash instead of a credit basis. This was shown by reports today from sections of the Middle West which indicated a | decline in credit purchases and cor- | responding gain in cash sales by re-| tail merchants in the sgricultural dis- tricts. Men engaged in the food production of the nation declare that the produce end of farming- is revolutionizing the agricultural industry and packing house business. The largest. of the packing concerns now ' has over a hundred produce stations scattered throughout the Middle West where poultry, eggs, milk and cream are purchased for cash from producers. One of the big chain stores has opened such a station to secure produce Example of Packer. This trend 1s still further indicated in a report by one of the big packers which shows that with the slaughter of nearly 17,000,000 animals last year the concern did not make a cent. From by-products, however, and from produce the revenues were sufficient to pay 8 per cent dividends on the capitaliza- lnauld of the hl hazard marketing of dairy products, the farmers of the Middle West, and even of range States such as Texas, are marketing their oggs | cream from their milk and selling the cream twice a week for cash, and feed- ing the skimmed milk to hogs, chickens and other animals, which are mar- | keted at slightly longer periods—but | all for cash. All this has made a marked difference | in purchasing by the farmcrs. Instead | of having to be carried on a -:remt‘ basis for 11 months of the ye: me‘ farmer is now paying cash for w! buys.. This has developed new huylng centers where the marke's for dairy products have centered. Developm.nt of roads and the use of the automobile | have helped this trend. The increased production of butter- fat, which attained a tremendous | volume in 1922, has temporarily in- jured the statistical position of dnlry‘ products. This is especially so in the | case of cheese and butter. As a result the condenser and evaporator and the cheese and butter producer are heavily overstocked. New Uses for Milk. Farmers are being ed to cull their dllry herds lhlrply other words, {vr are being instructed to “junk” their least productive and least effi- cient cows, with the assurance that they will do so they will get as much for the butterfat produced by the small- er herds as they now receive for heavy Further development of ollt!eu for milk and cream is in pros) likely that some of the chain !mres and the packers may enter the ice cream fleld .as manufacturers, whole- salers and retailers. (Copyright, 1930.) Various pen.me- are I.mpoud hy the statute for failure to file a return and pay the tax on time, and for making a fraudulent return. Distinction is made between failure and “willful fail- ure” to file a return. For failure to file a return on time, the penalty is 25 T cent of the amount of the tax, un- less a return is later filed and it is sat- isfactorily shown to the commissioner of internal revenue that such failure was due to a reasonable cause and not to wiliful neglect. If a taxpayer exer- cised ordinary business care and pru- dence, and nevertheless was unable to the delay 1s due to a “reasonable cause.” For willful faflure to make a return the penalty is not more than $10,000 or imprisonment for not more than one year, or both, and in addition 25 per cent of the amount of the tax. For willfully making a false or fraudulent return, the penalty is not more than $10,000, or imprisonment for not more than five years, or both, and in addi- tl.:;n 50 per cent of the amount of the Maryland & Pennlylvam BALTIMORE, March 7 (Special) Directors of the Maryland & Pennsyl- vania Rallroad Co. yesterday declared interest, upon the capital stock out- stock- holders of record on March 31. This 1s the figst dividend ever paid on this stock by the company. The shares jumped 14Y; points on the local mlrlu:v. in response to the announce- ThP dividend was declared out of ac- out, by the management that the earn- mately twice the amount of the dlvldend now lared, the company having de: clared no dividend 1n 1929. AMERICAN HETAI. Co. NEW YORK, March 7 (#)—Stock- holders of the American Metal Co. have voted to amend the by laws to provide that directors need not own shares in the cummny —e NEW YORK BANK STOCKS. NEW YORK, March 7 (#).—Over- the-counter market: ankers ... A S Sy 5% B3 0 VA A S B STOCK AND BOND AVERAGES By the Associated Press. From Yesterday’s 5:30 Edition. Year ago... ;: years ago ree years ago, weekly aver. High (1930) 4 Low (1930). (Copyright, 1930, Standard Statistics Co.) 'RECOVERY IN U. IS DECLARED ENCOURAGING BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, March 7.—Considerable impatience is being expressed over the slow pace of industrial recovery. The pace, according to sound statisticians, tl:ll:knpl’ l;lu 'llim at- peed many hoped. The weather, the late Easter and the farm situation have all been factors, but none of these is led as cause for alarm. On the other side of the picture is shown the decided increase in the pro- duction of automobiles, which came somewhat as a surprise in view of the Bloorlny m"mlg“;‘elsn:““? g.'\d:hewym Bue output lendldly ined and the new oflrera for railtoad equlpmznh are showing up in most satisfactory volume, ‘Wholesale Trade. ‘The report of the Treasury Dej ment and the Federal Reserve on wholesale trade carries considerable conviction because of the wide range covered by reported betterments. For example, farm lmylemenu a necessity, ahowed a big sales increase, and so silk goods, which are not regarded as a necessity. The radio industry is doing better in general, although socme corporations are in a decidedly precarious position. Aviation is showing marked improve- ment in the case of the commercial lines. For the first time in their his- tory the passenger planes operating on regular routes have been booked full and transportation corporations are utting on edditional machines to care for the traffic. This is attributed to the recent reduction in rates to fi proximately the railroad fare and Pul man levels. rt- Fuel rs. are nearly all in a state of uncertainty. Gasoline produc- rd | 98.4 S. INDUSTRIES ers and distributors are cutting prices in various sections. The so-called inde- fighting for a tariff . Voluntary restriction of production is being urnd and fou.ht by various flcllons six-day week in the ofl industry is mvpoud ‘Govern- mem suits in connection with m!l‘.ll‘l and price maintenance still have to be fought out. Coal Industry. The bituminous coal operators are | suffering from competition from cheap fuel oil and from natural and artificial gas. The fact that the anthracite wage agreement expires this Summer and dis- cussions must soon begin betveen op- erators and miners is cast; on the industry, with its 15 ooo 'ork- ers. President uwll of the United Mine Workers is facing a bitter fight from opponents in Iilinois. The non-ferrous metals are doing well, especially aluminum. Silver is in the weakest position. Textiles, npp‘rel and machine tools are increasing pr duction in some sections. The modification of the Federal Farm Board's wheat-buying policy has had a duqulefinl effect on some sec- tions, it seems unlikely that specu- umwmnmuummmepem market, in view of the capital and re- | m“;l:eun:'nkmrdml ugnhu drop) its ! of lant ped its | rediscount rate to 4 per cent. Treas- ury and R«uem Board officials are watching the result dnnly. in vle' of its possible effect on ion of the flow of gold. Usuuly me nm rate is maintained at 1, per cent the New York rate. Treasury omcmcf e e Bank " e Tad B | Al ink of the New Yotk Pedete] neum glnk' notification and suggested of 2 per cent in the New ank nh (Copyright. 1930.) CONSOLIDATED GAS BEVENUE INCREASES Special Dispatch to The Star. * BALTIMORE, March 7.—The annual report of the Consolidated Gas & Elec- tric Co. of Baltimore, issued yesterday, showed a total net revenue for the year of $10,392,708, which was 12.7 per cent above the previous year. After fixed charges and dividends, $3,359,072 was added to surplus, this being 42.5 per cent larger than the 1928 surplus. During the past year $907,240 was |, spent from surplus to retire 6 per cent July bonds, which were replaced by 4% per cent bonds, the change reducing inter- est charges by $128,312. At the end of | {8y the year the surplus stood at $13,357,011. ‘The income for the year included $17,803,342 from electric sales, $9,502,207 from gas and $289,521 from steam. 1928 steam sales amounted to only $73,794. The company services $4,507,161 on electric proper- ties, $1,284,606 on gas properties, $760,~ 561 on steam propemes and $389,601 on other properties. The company has 214,640 electric and 106,515 gas cus- tomers. A reduction in gas and electric rates occurred November 1 and thus two months of the year are included in the revenue reported. The lower nm. 1: was pointed out, are expecud crease consumption. PQTATO HABKET. CHICAGO, March 7 () (U. 8. Dept. of Alflcultun). tatoes—Receipts, 72 cars; on track, 233 cars; total United States shipments, 907 cars; trading slow; market dull; Wisconsin sacked round ~whites, 240a255; Minnesota sacked round whites, 23012 .40; Idaho sacked, Russets, 3.00a3.2! mvmsuns'necmzn. NEW YORK, March 7 (#).— Regular. Rate. 104, able. Alhed Mnmn .. Am Supwr 1t bt 31,50 pI. 50 Hidrs. of Fecard, Ma 3 a Eyt gnoonoonobo 5o 33! e i, “0500020000503900X0DHDOOOOOODD! > > > AT S L 4 i3 Pan Sheel vy Regnolds R J Tob. 3353, u. e Y g5%3 t ot nd White ‘Rtar Wood Alan das st pr. - g 3 Niles Bement Pnd..2c Initial. Ansbaclir Siegel Df. . i L SR Resumed. Niles Bement Pond..30c . Stook. Stone H O & Co 5%.. .. July 1 Juneis : Omitted. Nit Sug Mfs Bf..$130 Q P In Sey ™ sPent in expanding its 2lon the common stock and $1.75 s {April 1 ? | March 15 .|A Standard Low Prentium Policy | | GRAIN MARKETS. CHICAGO, March 7 (#).—Advances in wheat quohumu '.udny ran into! broadening ot the market rlfled to hols ness of corn and rye values muua from difficulties about stora here, and did much to hlndlfl frlendl | of higher prices for whelt. &ma lm-’ provement of Burt or | North American wheat was nn'.ed nlu, mallng about 800,000 bushels, but most { the business appeared to be wheat grown in Canada. July September NEW YORK COTTON. NEW YORK, March 7 (#).—Cotton opened steady at an advance of 3 to 11 points in response to relatively steady Liverpool abu and a continuation of the covering movement ble for the rallies of yesterday afternoon. Busi- ness was only moderately active, but there appeared to be a little trade buy- ing and prices advanced to 14.82 (fl! May and 15.17 for October, making net gains of about 13 to 17 points on the active months. This bulge met small selling, attributed to further Ii \lldulon and the gain was not fully The market was enmpcnflvely quiet steady at net advances of 7 to 10 points | at the end of the first half hour. Liverpool cables reported covering and Bomhy buying in that market, but said home trade in cotton goods was quieter and that the low price of silver was re- stricting business for the Far East. CELOTEX DIVIDEND, CHICAGO, March 7 (Special).—The 3| Celotex Co. has declared the regular quarterly dividend of 75 cents a share share on the preferred stock, payable to stockholders of record PARIS BOURSE PRICES. PARIS, March 7 (#).—Price changes were irregular on the Bourse today; 3 per cent rentes, 86 francs 95 centimes; 5 per cent loan, 101 lrmuunm uehlnn on ln‘nnt}lun, 124 frane . ;4‘ e dollar was at rnnu 85 1& m Real Estate Investments JAMES Y, PENNEBAKER Nat.5291 1520K St. N.W. 1930 \.\fl,;e I Dittsfield, Mass. @ INGREASED 17 PCT. Over 1,000 Corporations’ Re- ports Show Larger Income Than in Previous Year. “The 1,043 corporations so far report- ing net income for 1929 showed a gain of 17.8 per cent over the previous year, according to the Standard Statistics Co. of New York. Detailed figures follow: ‘Thousands of dollars. g 2, 21 Gotton woods. o 12 Drugs and cosmetics. 18 Electrical equipmen! ood_except. ufi&‘-!—a{"l‘.g.‘.:g oo ioen 2822823528 i s Western Maryland Railway. BALTIMORE, March 7 (Special).— The Western Maryland Rallway con- tinues to report favorable earnings. Estimated figures for February just issued show total earnings of $1,576,- mt'ln !ncrunw’of m 50, or l& cent, com) munt.h lnpl-” For the first two months ings onm"r .‘M 454, or ———e INTEREST RATES. By the Associated Press. Interest rates on collateral loans in American centers, as averaged out last week by the Census Bureau, established a new low record. Figures for the week an.l comparable periods are as !ouum: Clll Week ending March 1. Cls ing week. muney Same week last year.. 'l% —_— i HYDRAULIC BRAKE. NEW YORK, March v (F).—Stock- | holders of the Money to Loan Secured by first deed of trust Frevalling. Interest and commission: " -'ourll 1. Weller &8 Weh & & T Wm. Gordn'l'i Buchanan Councilor & Buchanan e Bl e Nmu-l 6110-6111-6213 hone Directory Omission) Resl Estate Loans Made REAL ESTATE LOANS L Large and small First Trust loans negotiated promptly st prevailing rates and commission. A _FIDELITY MORTGAGE INVESTMENT CO. - 507 11th St. NW, National 2431 James F. Shea 643 La. Ave. N.W. Authorizsed Dealers in Cities Service British Type Diversified Tr. Shares Full Information Marlow-Beech Corporation 1732 Conn. Ave. Pot. 6167 Applications Invited at Current Rates of Interest on improved property in the Dis. trict of Columbia and nearby Promft Service ‘ —Minimum Charges Il for Business and Professional Men 7. T. Koous, Goneral Union Trast Bldp. Feent. o177 Due Apr. 1