Evening Star Newspaper, March 12, 1930, Page 15

FINANCIAL. CRBENCOUNTERS HEAVY LIQUDATION Short Selling and Profit Tak- ing Turn Prices Irregular. Oils Strong. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, March 12.—The Curb Market was active but irregular todny A munmu of tnwrt selling cvnneu into the but - the mrm absorbed offerings readily. Public utilities were first to feel the effects of selling. Electric Bond & Share at .times was down nearly 2 points_from its previous close and its erican & Foreign Power, Standard Power even such a recent favorite as ‘West Utilities eased. United Gas was prominent in the natural gas list, opening up a point on a block of 5000 shares, but later run- ning into several waves of profit-taking. Olls as a group were conspicuous for thielr strength, though such active issues as Citles' Service and Indian Territory Ofl did not follow the general trend. Standard ‘Oil of Indiana advanced and Humble Ofl came within a mdl frac- mno!lhhutprlce!orm Lehman Corporation feltured the trading corporations. It was rushed to & new high price early :n nu m traders indicated it was be transferred over to the big bo-rd !rhk mnwutn: hmu(ht about an imme- te reaction of more than 2 points. Ool'llmbll ires duplicated its per- formance of previous umon by "dmrl to a new bll:uk resu organized due to the bl( profl ‘warrants an it moved irregularl while Fox Thntgn A showed little change. Ford shares overshadowed all other movements in the r division. Ford Motor of Canada headed the up- ward procession, followed by Ford Motors ~ Limited, which in noon dealings aqlnlled its previous peak, and Ford Motor of France, New York, Rio NEW YORK COTTON. mYOlel ).~ Liverpool was buying near months. "en March, 14.37, up 18; -14.5¢, up 15;; , 14.70, 1!' Omlflr old, 14.75, #p.11; ch- X uu. up 11; December, uu. T, Dew, uu, up 9; . old. 14.99, up 8, and January, m ‘1481, up 9. PARIS BOURSE PRICES. Efih 12 (®).+Prices were cent rentes, francs "finmmmmmfl: Exchange London, 124 fra; 26 eqfllm- 'rfi-‘dolhr was qlloudn?t % francs 56 nmu numc. Ilc ‘Assoctated Press. traffic as estimated in the 12 (P — ,..‘.,,y%‘.‘!i"..ifim‘s BONDS ON THE CURB MARKET, les in k- i B - #F§ B eeunianeimevmt o e S5GES = 100 ‘{ ‘s:-‘i:gfis?;m:éih Szazdsdne w5 e e ety S $§ 2882es & &F e i § _-.-,-EE;‘:‘;E.. S5 s ) 3 S snsezedens & & Wt seg3snas: = 335582383 S==!§ 23 3 2 RS 23 .... arw EEELES! Cd oy gEoeees: S o FLaC €3 E?'-:< 52233 s geSEegesatetie S e o KK g e E] ¥ &I FEE R WEF ! s amoa Soos o s St Y3 13 118% 90% Con Gas, Baito(3.60) 44 1% % Allled Mills (60e) 5 11% i -:i 1T 6% l'b\i “5% 20 % l 1% 1% 11% 1% 11% % % (T PrereryvTe 133 Allison Drug St A Aluminum Co of Am Alu Co of Am pf (.)- Am Arch Co (3) Am Brit & Cont Am Yvette (new) wi. Anchor Post ¥ (3) Gas Art Metal Worka(3) Asso-Elec Ind Ltd, As50G & E A (Y As80 GEE A deb rts.. Asso Laund (320¢).. Asso Rayon pf (6).. Atl Coast Fish(1.40 Atiant Fruit & Sug.. Atlantic Sec COrp. ... Atlas Plywood (3).. Atlas Stors Corp(31) Auto Musio (A) (1).. Auto Voting Mach. .. Aut V M cv pr pt ( Aviation Credit. Axton-F Tob A 3. Babcock& Wilcox. 182% Bania Corp. 1 4% 4% au 3% 50 324 I Tr & Brit Am ’l‘ob B fl.l . Br Celanese Ltd rets Buft, N&EP pf(1.60) * Bureo, Inc (war) Burma Corp (t31¢, Butler Bros (30¢). Cab&Wire LtdA rets Cab& Wire Lias rets Can Marconi, 84% Cent P8v A (a1.75. 100 21% Cen States El (3400) ities Service (330e) 4 Cities Serv pf (§). Clev fl;flu— (1.80). Consol Cigar (war).. Consolidated Copper 7 113% 113 Cons Gas Balt pf A 6. 101% 101 Con Gas Ut A(2.20).. 7 2 Duran: Moters, East Sts Pow B (1 4 Elec Sharehldg (fl). El SharehJld pf (6). EBS, IncAn-v(3). pire Steel Employ Reinsur 1 Engineers Gold. Engineers P 8 w Europan Eiee (Th Europe El Ltd opt Evans Wallow Lead. Fabrics Finishing - R R E PO ONN N ENENS NN A OR A Flat receipts (1.36).. Film Inspect Mach. . Florida P&Lt pf (7). Fokker Alrcraft Ford Motor Can Ford Mot of France. Fort Mot Ltd(37%¢) Foremost Fab (2). .. Foundation For Shs. Fourth Nat Inv @ _» Gen Petrol Cerp wi.. Gen Rity & Utilities. Glen Alden Coal (8 & Goldman Sachs ¢ 101 "% 4 42% W Gold Seal Kio.. . 8 8% 2w 28 181% % % Gunther Law (3)... Goth Knitback Mach 8 2% 2 L% Gram'ph'ne rcts 2.91 2 20% 20% 20% GrA&PTeapf (7). 208 117 117% 117 GrA&PTov(6).. 908 388 ll Griffith DW) A.. 8 1% 1% Groo Stors Prod vis. 2 13% m 12% Ground Gripper (1).. l 24 24 Guif Ofl of Pa (1%). 21 Iil Illh lll 2 117 M H‘fi Ml 2% 1 MavisBottling..... “* 30 -“fio.- me Low. | Bou. lm.‘ 0% : Rate. % Insull Ut Inv(b6%). 20 Ins Coof N Am (13).160s Insurance Seo (1.40) Intercoast Trade (1) Intercontinent Pet m. 4% Intl Holdg&Inv 10e.. Internl Petrola (1).. internat Products. .. Intl Superpow (31). % Internatl UtB... Internatl Util lm). Interstate Equities. . Interest Eq ov pf (3) Irving Air Ch (1. Italian Superpow A. Italian Superb war. Kan City Pub 8 vte, Kirby Petroleum. % Kirkland. . Klein (H)pf Kolster-Br (Am Lackawanna Sec(4). Lane Bryant. Inc(3). Lefcourt Real pf (3) Lehman (The) Corp. Leonard Ofl......... Libby McNeil & L. Lily T Cup (150) Lion Ofl Refin (2). Loews Ino war...... Loews Inc deb rts. .. Louisiana Lan & Ex. Magdalena Syndicat. Mapes Cons Mfg (3). $2% Marine Mid Cp (1.30) 4 Marland of Mexieo. . 45% Marshall Field & Co. u'amgauga-nn - = - » [YSPASE T - THIRE-TTPPNT L -TSToR T e ep e Mayflower Asso (12) 55% Mead .Volnnon(vus) - = 2 Mid West Ut A war.. Mid West Ut B war, Midland St1pf (n).. MoKanPL (b10%). Miss River F Cp war Montecatini deb rts. Nat Aviation.... Nat Dairy P pf A Natl Fam Strs fl-l') Nat Fuel Gas fl)...) Nat Pub Sv A (1.60), Nat Rub Mach (2).. Nat Steel Corp xw (3 Nat Sugar NJ (2)... Natl Transit (1). Nat Union Radlo. Nauheim Phar Neet Incev A ( SeaSaes - R mrnanBonrlsnnRRonnsannanren~~naaS0Snnnd o Newberry (JJ)(1.10) New Eng Pwr (2)... New Hav Clock 11% New Jer Zine (14)... - Niag Hud Pw B war, Niagara Shares Md. . Niles-Bement-P 123 Noma EI Cor (1.60). Noranda Mines (3).. North Am Aviation. North Am Util See. . North Cen Tex (60¢) North St Pow A (8). North St Pow pf (7). N W Engineer (2)... Ohlo - - forey Outbeard Iolw (B). Pacific Coast Bis.... Pac Coast Bis pf 3.60 26% Pao G&El 1stpf1%. % Pac Pub Serv (1.30). Philip Morris (A). .. Pierce Governr(1%). Pilot Rad T A (1.30). Pitney B P n (20¢] Plymouth Ol (3) Polymet Mfg (31 Pratt&Lambert (15) Premier Gold (34e).. & Whi ..,:E:..-ag:_s:,...a, o Quiney Mining. . Radio Prod (50). RainbowLumProd A RainbowLumProd B & Red Warrior....... Reiter-Foster (40¢). Reliable Strs (b5% ). Rel'nce Managemnt.. Republic Steel n wi. Rep Steel cum pf wi. Reynolds Bros Inc. Reynolds Met n 2. Rich Oil Cal pf (1.76), Roan Antelope Min. . Rochester Cent Pow. Rocklans Lt&P(93¢) Roosevelt Field. Ine. Ross Stores. Ine. ... Ryan Consoli Ryerson (Jos) (3%). St Anthony Gold. St Law P Mills pE(6) St Regis Paper (1).. Safety Car H & L(8) Salt Creek Prod (2). Schiff (The) Co (2) Schlet & Zan (13%) Schul al Esta; Schul Ge-51 Seeman Bros (3 5% Seg Lock & H 10% Seiberling Rubl 7% Selected Industri 66 Sel Indallotcfa §%.. 4% Sentry Safety Cont.. Shattuck Den Min. .. Sheafter Pen (13%). Shenandoah Corp. .. Shenan Corp pf(a3). Sterra Pac Eleo (3).. Silica Gelet. ..... Singer Mg Ltd(30e) Smith (A O) (2). % Sonora Products. So Penn Ofl (12% 8o Cal Bd pfB(1% ) 8o Cal Bd pf C(1%). Southland Roy (1).. o 3 - - porey R R o a SR M IR IO R TN B 3 OV B0 1 T Or i i OO 08 3 b 1 0O 8 DO P08 amsS - itand Oil, Ind (32%). z‘lu Stand Oil. Kan (3)... El Ofl of Ohio (2%). St Oil of Ohio pf (7). Stand Pow & Lt. Stand Pwr & Lt. Starrett Corp. Starrett Corp pf Stein Cosmetics In Beliunnman~d Steinite Radio. Stinnes (Hu Strom Carlson (1%). 8un Invpt (3).. “.) Swift & Co new (2) Swift Intern’l(3%4).. Syrac Wash M B (1). Tampa Electric (32) Technicolor, Ine. ... Thermotd Co (3)... Third Nat Inv (1). ;ohlcco Pr Il.yor'.l. ransamer (31.60)., A'ran Con , 18% - -n.—:—-—:—u:-n Unit Verde Ext (¢).. % Unity Gold. uu Otility P'.Lt(-.l). UHIP&L B otts (a1). 884 vun-onml).. Corporation News NEW YORK, March 12.—The follow- ing h today's summary of W‘ corporation news prepared by mwmm.nwvmmm ht in cars, an increase of 70, 2» cars over the previous week, when_traffic was reduced on account of the holiday. pared with 1929 total was a reduc- o0 e o it provious. years, total the e weel was the lowest since 1922. Oo‘l and coke registered the sharpest com- pared with 1929, nu former declining 29.6 per cent and the latter 25.6 per a% | cent. Favorable diyidend announcements g in the day’s news were made by Parke, Davis & Co. and Philadelphia Co. Midland Steel declared initial dividend on new stocks and International Prod- ucts announced p-yment of $3 on ac- count of accumulaf The CMIIP“ American Chicle Co. sales up 9 per cent in first two months of this year. American Te|ephone & Telegraph January operating income, $3,312,000, against $3,859, 138 in 1620, Azduwswm currently operating 60 retail stores. Burns Bros. to open Apfln?'lnx?zuo“m in Boston, Mass,, on y Cnlumg'h Gas & Electric acquisition of Binghamton Gas Works sanctioned by public service commission; price, $547. Fox Fllm—William Fox files suit for ummn LBMII'GIB‘ %00 Gy L 3 a ¥ mdo(.immtolmm hr“: tional Telephone & delnph - lders on February 1, 1930, num= stockhol bered 54,636, mlnlt 16,836 year pre- vious. Landers, Frary & Clark earned $5.56 on oommon stock in 1929, against $5.31 192 ml’ Lorillard & Co. sales of Old Gold cmretul in 1929 up 25 per cent from ml-nd Steel Products declares ini- tial quarterly dividend of 75 cents on new common stock; also initial qulr- terly dividend of $2 on new preferred and 50 cents on new $2 preferred. New York cent of common stock owned by Con- to vote on Phillips Petroleum contract from Unlvensl Avh;len mum:: 1} mail and passenger mpp% Con calls for mini- mum daily delivery of 5,000 gallons. Pittsburgh Plate Glass earned $5.39 13 o’:le’o;:mm stock in 1929, against $3.91 St. Louls & O'Fallon Railway—Inter- state Commerce Commission reopens shown. per ohndnapnmexm bfl United Butu Freight earned $3.90 on average common shares outstanding in 1929, against sa 54 in 1928, stock, before Federal 1928 a loss of $663,162 wu -m.nur Associal ‘Waco Alrcraft earned 76 cents on oomm“" on stock in 1929, against $2.65 in Western Union Telegraph acquires A‘hn‘lerlan ‘Telegraph & Clble lt $27 a ‘Westinghouse Airbrake unfilled orders on books 150 per cent larger than at this time a. year ago. GRAIN MARKET. CHICAGO, March 12 (Special) —The wheat market was sharply lower todn under general liquidation caused by the demoralization the Liverpool and Buenos Afres markets. Winnipeg was 5, to 1, lower at the openmc Sup- port was uncovered May at 1.08. Mny opened 1.10 to 10!, Juli' 1.04% to 1.04; September, 1.06 to 3. After ;.honw. ge!:llx wl’o“y' 1.09%; July, broke to new low mch for the b] th& ngww/.f hour March, 74%; Mly 9% July, 80%. om were weak 'with other grains unouun Breaks today . Imm of my delivery of wheat here. degree, this purchasing -p- Delnd to come from Government. agencies, and during much May Wheat fl\lmnt- ".gln the unusually 'llde 2 New crop deliveries, July and Se) ber, which were affected only wmmpmmmnmmuuq Stop-1 'h.llln :dr in profusion p-loss selling orders ‘were forced into openuon today by the switt downward nwl.nz all mm values. Meanwhile, l.ha Liverpool wheat market closed at as much as EV. pence a bushel lower, and advices at severe set- cheapness of competing foodstuffs and to the poverty of European continental consumers. MONEY MARKET. NEW YORK, March 13 —Mq, 3 easier Mlula tions were cond.l call and time mouney MI'. nun:'dammd funds was negligible in eomp-rlnn to du amount of money offered for % & 8% 4% 3% Pac Lighth FINANCIAL, Dividend rates in dollars hased annual payment. “*Ex-dividend. 92% | eash or stock. b Pa: STOCK AND BOND AVERAGES By the Associsted Pross. Prom Yesterday's 8:30 Edition. **f::s;? (Copyright, 1930, Standard Statistics Co.) CHICAGO LIVE STOCK MARKET CHICAGO, March 12 (#).—United | to her at A7586.0 States Department of Agriculture—Hogs | held higher; feeders nominal; oo mm choice, 92 mmin um to chotce, 1 —Receipts, 14,000 head, including 4,000 direct; market 10-15 higher; slow at advance; top, 11.25; bulk = 160-250 pounds, 10.60-11.15; 270-320 pounds, 10.25-10:60; 130-150 pounds, 10.50-111 H butchers, medium to choice, 250-300 200250 pounds, 10.00-10.75; pounds, !0 25. 160-200 10. 10-1116. 130~ 60 pounds, pounds, 10.00-11.15; medi to 3.25-] :‘lad 850 up, !.og’-u.u; poun: 5 ; heifers, good and of - l‘u’ mpo:n'.:- down, 11.25-14.00; good and choice, 7. dications bulk fat lambs, 10. 3 best held tbo;;ll:b h‘ .50.1100 to 25 cents flmh. pounds down, 10.25a medhun. 9.75210.50; PORTSMOUTH, N. H,, )nmh 12 (®). United States Des and medium, 6 96-8.00, low cutier and | Bare bulls, good and choice itter to Steam—Sixty-nine per | o . s and um, 8.28. R, 1% et ety Property Management _:.Prbf'iting Ly our experien:e Thaere are no set rules governing apart- ment house management. Each becomes a law unto itself. But we have had that long and varied experience which fits us to meet every arising condition tage of all concerned. to the best advan- B. F. SAUL CO. National 2100 925 15th St. NW. More than a third of a century’s experience 3,50r ':10 Year Loans On Improved Real Estate Nearby Mo Nearby Montgomery County and the District of Columbu Lo.w Rates . BOSSImIHELPS L Ce Jonx Hancock. Wuteer Lite Insurance Co. MI7 K St National 9300 Loans for Fifteen Years OUR Loan D prepared to epartment is extend long term loans, thus eliminating . the worry so often attached to short term loans. Ample funds loans in the District of Colum= bia and suburbs. 809 15th St. N.W. available for WEEEEEYS District 9486 sxs A-IS Price Basis On New Schedule ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 64th Yssue of Stock Open for llblu'lfi"-" Money Idaned to members on easy monthly payments ln-l.m' James F. Shea Money to Loan on Property in the District of Columbia First Trusts Only Immediate Attention Wm. B. Samders Co, Inc. 1435 K St. N.wW. Dist. 1015 for Luncheon Thursday, Mar. 13 Broiled Pork Chop Mashed Potatoes Fried Apples Hot Roll Coffee i Choice of Desserts, 65c Daily Spond Dlnn-n, 1 Burlington Hotel 1120 Vermont Ave. NW.: Applications Invited at Current Rates of Interest ©a improved property in the Dis trit of Columbia and nearby Marylend. Promft Service —Minimum Charges INVEST in Guaranty 6% % First Mortgage Bonds backed by our | $3.800,000 resources. | Denominations as.low ss $250 Monthly Payments if Desired - Send for Booklet, “The Success Plan” - REALESTATE Hmmafimnm Camcl'h urces, $3,400,000 24 JACKSON PLACE money market 30, u.f:“ .'6'" a;"n:.u uy uoua at c’ b e L l:u!:.;nmlmflt«lu were \u:emnl u 13% ly u:uve market in bankers' 19% as reported. The asking % nul were mhlnllll- . Mortgage Loan Correspondent Metropolitan Life Insurance Company 14w 8% Tung-8ol Lamp (3) 9% 18 s L) Tung-Sol La'p pf (3) Ungerletder ¥ Cor Un Nat G, Can +1. l‘o. Por < J8 e Jan 48 dP% 48 4 10w 10% 10% 10% | 111 Plpe Live (20, .. u- 807 2074 8074 3074 ::':lu"'rc".dl‘""' 5 1 3% ::“ gm 33: 2% 17 ind Pia etze ( % 23% WENNNG ABE IR TRAN S NG N ERBHRND SRR N