Evening Star Newspaper, March 13, 1930, Page 14

FINANCIAL. FINANCIAL, PRODUCTION COST OF HELIUM UUERIED’;?.;{_ = Q5% Libbey Owens (12 Head of Private Company|iiix 81 Liscewastyrasisss . i 140% Disputes Figures in Gov- ernment Report. THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct t- The Star Office. STAR, WASHIN . THURSDAY, MARCH 13, 1930. ADVANGE INBOND | == BONDS o s USNESS SPOTTY = | PHCES CONTNCES INNEARBY STATE Look for Seasonal Improve- ment Soon—Weather Help- ing to Better Conditions. UNITED STATES. (Sales are in $1.000.) Sales. High. 3 60 1008 1003 101 12 1019 10130 101 24 100 28 100 28 1016 100 25 1067 1062 1092 108 30 1136 11231 FOREIGN. Sales. High. Argentine 6sJu §9. 31 98% Argentine May 61.. 3 981 Argentine 63 Oct 69 18 98¢ Argentine 5%s62.. 18 93% A ] A 4 98% 33 98% 15 814 8819 88% 105% 95'% Sales. High. Low. Close. 9 98% ¥8Y% 98U 3 264 264 26 5 113% 113 113% 16 94 1 995 12 107% 111 102% 101% 102% 101% 101% 101% 2 105% 105 105% 102 101% 102 101% 101% 101% 104 103! 104 104 102% 104 101 101 99% 993 96% 97 92U 92% 941 94k 9L 97% 88 9w 00% (Continued Prom Page 13.) Nat Dairy 6%s. Stock and Sales— Prev. dend Add 00. High. Low. Close. Close. et 1 8 25% 26W 254 23% 108 108 140% Low. Close. 102 102% 944 9 107% 49% 111% 96% 94 7 Safeway Strs pf . 2 St Joseph Lead (13). St L-San Fran (8)... 8t L-San Fran pf(§). Schulte Retall Str: 5 Schulte Retall pf(8). 20s Seaboard Alr Line 6 Seagrave (01.20).... Sears Roebuck (32% Second Natl Inv..... Sec Natl Inv pf (6).« “i5% | New Railroad Debentures At- 1% ‘ou| ‘tract Buyers—U. S. Group Is Steady. 91% Liggett&Myrs B(15) 57 49% Liggett & My pf (7). 73 83% 6% 13% 6674 9% 70 108 [+ 13% Liguid Carbonie | Nor States Pow & Loew's. Ine (3) Pacific Gas & £ bs. PacT & T 1st 5 PacT & T 5852 1136 > 7 . Clo Loos i Low. close Lortllard (P) Co. Good business conditions are reported by 10.1 per cent of 198 cities in all parts of the United States,.fair conditions by 222 per cent and poor conditions by 67.7 per cent, says the Alexander Hamil- ton Institute. Of the total number of cities 15.7 per cent have been experi- encing an upward trend. as compared with 12.1 per cent a month ago. The East s«mtge Central States show the poorest conditions, while the West North Central show the best conditions. Maryland. Conditions in genera] are only fair. Men’s clothing manufacturing is run- ning below the level of a year ago, al- though seasonal improvement is looked to in the near future. Many es are increasing their output, with steel leading the way. The value of agricul- ture in 1929 amounted to $65,688,000, as against $59,896,000 in 1928, an in- crease of 9.7 per cent. The increase in agriculture was due partly to the in- creased tobacco output. The value was placed at $6,016,000 in 1929, as compared with $5,586,000 in 1928, an increase of 1.7 per cent. Checks cashed in Salis- bury in February amoun! to $3,846,- 468, as against $3,697,364 & year ago. Virginia. Milder weather has done much to de- crease the number unemployed. Janu- ary building activity in eight cities in- creased 87.2 per cent over December, and was only slightly under the Jan- uary, 1929, figure. Lynchiurg, Newport News, Portsmouth and Roznoke in Jan- uary showed building construction a a higher level than a year ago. The BY F. H. RICHARDSON., Special Dispatch to The Star. NEW YORK, March 13.—Those is- sues which had lagged a little behind the rest of the bond market advanced today, while the rest marked time in anticipation of a cut in the New York Federai Reserve rediscount rate. Time money, on the 90-day basis, ranged from 4Y; to 43 per cent, the lowest it has been this year, and there was a further easing in the bankers’ bill | rate. These factors combined with the strength in long-term Government ob- ligations ba‘t;:l?gth!;ned | the already strong prol 'y of & 3! per cent re- discount rate. I The feature of the market was the offering of $60,000,000 Pennsylvania Railroad debenture 415 per cents at 9415 to vield 4.81 per cent to maturity. The issue is not callable before April 1, 1940, and thereafter only in amounts of $5,- 000,000 or over on 60 days’' notice at 102',, until April 1, 1945. After that the bonds are callable at par plus Y, of 1 per cent premium for each six-month period between the call and the ma- turity date, April 1, 1960. The price was considered a fair gauge of the mar- ket and the bonds sold at 943 to 943 when admitted to trading on the curb. Since there is no comparable out- standing issue of Pennsylvania bonds, the new offerings had no effect on that road’s obligations. Demand for bonds of high grade type is so ample that little or no switching from other issues took place. Many bonds continued to reach new high levels for the year, the average of BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, March 13.—Some time ago, in this column, I reiterated a query propounded by Representative Englebright of California concerning why the Navy was buying helium gas from private industry at 534 a thousand cubic feet when it could obtain it for $12.50 from the Bureau of Mines. Nate Lord of the Helium Co., the largest private corporation in the field, disputes the figures of the Represent , and says the so-called Govern- ment cost “is simply the transfer price and not the whole Government cost.” Mr. Lord explains the situation in this way: “This transfer price does not include interest on invested capital, deprecia- tion on plant and depreciation of the gas wells and gas pool. It does not even include normal upkeep costs, be- cause the Amarillo plant is so new that no maintenance or replacement has yet been required. The Government's real cost today is in excess of $46 per thousand cubic feet, and if this total cost is compared with our selling price to the Navy, $34 per thousand cubic feet, the extravagance of the Govern- ment operation becomes apparent. Let Mr. Lord continus “The Gov- ernment’s helium actually cost $46.92 to produce, instead of $12.50, at which price it is transferred to the Navy. Additional congressional appropriations will make up the difference in actual cost and transfer price, as has been the se in the it c.“l‘l'le Unm States _Government, Phila Co 6s 87 Phila & Read 6s Phillips Patro 5% idlum Steel (3) Ludlum Por Ric Am Tob McAndrews&F 12.85. McCall Corp (2% McCrory B (2). McGraw-Hill (2). Shell Un O1l pf (5 Shubert Theatres. Simmons Ce Simms Pet (1.60) . Sinclair Con Oi) (2). Sinclair O1l pt (8) Skelly Of1 (2).... Sloss ShefTield Steel. Snider Packing..... Snider Packing pf... Solvay Am Inpf 5%. So Por Rico 8ug (2).. Southern Cal Ed (2). Southern Dairies B. . Southern Pacific () Southern Rwy (8) Southern Ry pf (5).. Sou Ry M &Oct (4). Spalding (AG) (2)... Sparks Withngtn(1). Spencer Kelg (1.60) Spicer Mfg... Splegel-May-St (3). Stand Brands (1%). Stand Gas & El (3%4) Stand G& E pf (4).. Stand Invest Corp. .. Stand O of Cal (2%). Stand Oil Exp pf (5). Stand OII N J (12).. Stand O11 N Y (1.60). Stand Plate Glass. Stand Plate Glass of . Starrett (LS) (2%) 1 Sterling Sec A...... 13 Sterling Seccv pf(3) 5 Pub Serv G 414867 13 Pub Serv Gas 4%4s. 194 Pure Ol 6%s°'37... 8 Remington Ar 6s 33 Rem Rnd 6% war.. 6 Richfleld O11 63 ¢4.. 1 Sinelair Of1 6 5 Sinclair Oll 6% 61 Sinclair O11 7 . 27 Sinclair Crude %s 10 Sin Pipe Line 2 Skelly Of1 § 2 South Bell Tel 31 Southwest Bell Stand Ol N J 4 Stand Ol N Y ¢%4s. 14 ‘Tenn ElecPowés 47 11 Tex Corp cv 68 1944 371 United Drug s 5. US Rub 1strf 98 100% 96 98 95% 100% 101% 101% 98 100% 1 96 96 98 974 95% 95% 1004 100% 101% 100% 102 101% 98%% 98y 26 96 92 1% 102% 102% 104% 104% 102% 102% 96% 96% 108 107y% 102% 101% 94% 94% 86% 86 100% 100% 99y 105% 95% 103 107% 111 McKesson & Rob (2) McKes & Rbpf(334). MeLellan Stores. Mack Trucks (§). Macy (RH) & Co(n2) Magma Copper (5).. Man Elec Supply. Man Elev mod (d5) Man Shirt (2).... Maracaibo O1l Exp. . Market St Ry pr pf. Marlin-Rockwl 14 % Marmon Motor (3) Martin-Parry Mathieson Alk! . May Dept Strs (n2) Maytag Co (12). Maytag Copf (3).... Mengel Company (2) Mexican Seaboard 4 Miami Copper (4) Michigan Steel (234). 4 Mid-Cotitinent P (2). Middle States Ofl et. Midland Steel pf (8). Minn Moline Fw: Mo Kan & Texas. Mo Kan & Tex pf(7). Missouri Pacific. Mohawk C Mills Monsanto Ch (g1%). 107% 102% 94% 86% 100% 100% Canada 651931 Ca 103% nada 6s 1962 Chile 6s 60.... Chile 65 61. B Chinese Gov Ry §s Colombla 6s Jan 61. Con Pow Japan 7 Copenhagen 4% Copenhagen Csecho 95 Dantsh Munie 8s A. Danish Munic 8s B. Denmark 4% Denmark 5348 Utllities Pow 6%s Vertientes Sug 7, War Quinland Walworth 648 w 103% 103% 102% 102 108% 1088 3 73 34 34 33% 331 99% 998, 97 110% 109% 109% 92% 100% 104% 47 1 Westn Union 6%4s.. ‘White Sew Mach. through the Bureau of Mines, manu- mwr‘n helium gas at Amarillo, Tex. The Helium Co., a private ('on:l;’)&: is producing a helium gas comm ly.pwllh plants in Kansas and Colo- rado. The Government’s investment so far is in excess of $2,20¢,000. The Helium Co.’s investment is less than $600,000. Yet the Helium Co. today chalienges the figures of the Govern- ment and declares it can produce Montgomry Wrd (3). Moon Motors. ...... Morrell & Co (4.40). . Morris & Essex (3%} Mother Lode (40¢c). . Motor Meter G & E. Motor Products (2) Mullins Mfg..... Mullins Mfg pf (7). Munsingwear (14).. MurrayCor (b2 %stk. e > PIOPA o TN T o S Stew-Warner (h3%) Stone & Webster (4). Studebaker Co (6) Submarine Boat. 14 29 Symington (A). Telauto Cp (11.35). ‘Tenn Cop & Ch (1), 40 domestic descriptions standing today a little above 88.13, a gain of over a point in a week. The average of 10 high grade foreign issues stands at 107.22, the highest since 1928. United States Government bonds went ahead steadily from the opening. Liberty 3'2s, Liberty first 4l4s, Liberty fourth 4%s and Treasury 33:s (1943) all reaching new highs. In the prime group Atchison General 4s advanced Ban! '3 Germ: . German E1P6%s . 3 99% 1 100 Youngstn S& T 6s. 2 102 RAILROAD. 3 8 1 91% 21 90% « 107 95% 92% 874 100% 107% 116% 122% 91 9314 Ann Arbor 41 AS&SF cvt és Atchison adj Atchison gen Atch deb 4% At& Bir 4s33. AtlanticC L ¢s. 99% 100 101% 80 94 90% 94% 11 136% 135% 18 86 Horace L. Dodge Boat & Plane Corpora- tion will start production in its new plant at Newport News about March 13 with a force of 2,000 men. The Chesa- peake &tgmo Rlut_l‘rg:'d Co. l\urde% f’:r construction con aggregating $12.- 000,000. Part of these contracts were awarded to the Richmond Car Works. West Virginia. The iron and steel and car-buils Myer(FE)& Bro (2). Nash Motors (6). Nat Acme (134). 19 91% 91% 45,18 93 g03% . B4 99% 991 50 103% 103% 28 103% 102% 64 110 110 5 93% 93% 15 103% 1038 11 86% 5 100 6 helfum, so essential for balloon activ- ity, at much lower cost than the Gov- It ifiuw not be difficult for a con- committee to mkd C‘l:"en ::; thoritative con?u n an public the benefit of its findings. up Chairman Legge's letter to G&‘Sh:{el‘ of North Dakota and read it. Nothing political about it—just a heap of eammrt:n sense backed up by a world of experience. The straight-shooting told the governor that the Federal Farm Board did not intend to,make any effort to maintain wheat prices at $1.25 a bushel, Minneapolis, in the face of another sur- plus this year. Farmers must expect to see prices at a lower level should no re- duction in acreage take place. “The 10 per cent reduction in acre- age we are now suggesting,” said Mr. Legge, “would, in our judgment, put the trade on a fairly heaithy basis. Mr. Legge was frank to admit that the present program of the stabilizing corporation would result in having up- ward of mn.oon.ome b\;&l{;l: of wheat hand at the cl of season. mlven the business enemies of Chair- man there are many—ad- mit that no man has entered public life in recent years who has been more can- did, sincere or frank with the people than this former big business leader. H. Parker Willis, New York econo- mist, first secretary of the Federal Re- serve Board, has come out in favor of branch banking. “Already we have had a . successful experience with branch banking on the Pacific Coast, where State-wide branch banking _(notably in California) has done muéh to develop the industry and business of the varigus communities,’ ays Dr. Willis. ¢ atl-hmth bank leaders fear that the larger ba units will play into the hands of Wall Street, drain the local funds from local communities and limit still further local development and ex- pansion. ‘That conclusion %fi not necessarily follow, rejoins Dr. s “In shu’wln; the needs of local export trade, facilitating the movement of sta- ble crops, drawing off surplus funds in the off season and encouraging funds in the active season of the year, the branch bank auprllea an enormous sup- port for the local community,” says the doctor. It was Controller Pole who recom- mended to Congress that branch bank- e e extapt. i cerain. cases rict lines, excep! cel : Wabash pt, B (5). . m} where a single economic area overlaps . Potomac Electric the borders of two or more districts. ; e e S Waldort Sysun (i) 2 2 Esiomes e But Dr. Willis does not believe the| o Pedin OISl Comeat., 1 - % i " Federal Reserve system has any bearing e b one way or the other on the problem. People's Gas Chi (8). This aggressive editor of the New} Phelps Dodge (3)... York Journal of Commerce thinks the Phila Co 6% pf (3). United States ought to recognize the Phila & Read C & 1 basic facts and provide legislation of a Philip Morris (1) nature necessary to square the facts with the conditions. Every month's de- fay in grappling with this problem will make it harder. Branch banking is as inevitable as tomorrow’s sun. “The ‘agreement has been breached’: that's why I asked to be relieved m it.” fi‘in such fashion William Fox de- mands release from the trusteeship agreement, which he entered into last December with H. L. Stuart of Halsey, Stuart & Co. and John E. Otterson of the Electrical Research Products, Inc.. his principal creditors, by which action control of the Fox enterprises passed out of his hands into the trust. ~ The stockholders’ meeting ratified the Lehman Bros.-Dillon-Read-Banc- america-Blair Corporation $65,000,000 fefinancing by a vote of 20 to 1. But Judge Levy declares that the trusteeship agreement of December 3 is valid. If this opinion be confirmed J. E. Otterson and H. L. Stuart, the two trustees, are expected on April 15 to vote in their own board of directors ‘and then declare the so-called Lehman plan unlawful. The opposing forces are squaring away for a battle to the bitter end. Willlam Fox is a long ways from being ‘out of the woods. (Copyright. 1930, by North American News- P aper Alliance.) POTATO MARKET. CHICAGO, March 13 () (United Btates Department of Agriculture).— Potatoes, receipts, 95 cars; on track, 275 cars; total United States shipments, 782 cars; trading on russets fair, ma et firm: other stock trading slow, ma Xket dull: Wisconsin sacked round ‘whites, 2.30a245; few fancy, 2.50; Jdaho sacked russets, 3.15a3.40; Min- over a point to & new high, later losing part of the gain. Advances were made by New York Central 4s, 0 “A" 4s, Great Northern 7s, Chesapeake & Ohio 4%s, Columbia Gas 5s and Utilities Power & Light 5,s. American Telephone 5s (1965) again touched a new high, 3% points above the price of issue in January. L3 . s U RSN Jugoslavia Bank 7a Washington Stock Exchange | iressers o sect. SALES. Wuhh7\mn Rwy. & Electric 45—$1,000 it at 87. Washington Gas 6s “B"—$1,000 at 105. Potomac Electric Cons. 56—$1,000 at e L Can Natl 58 July '69 i Washington Gas 55—$500 at 101. C‘-" N‘ I5! uly '69 8 102 Potomac Electric 54 % pfd.—4 at 107%. | Nord 6% 'An Natl 58 Oct Commercial National Bank—10 at 239. | Norway Riggs National Bank—5 at 524, 1 at :omy y 523. Real Estate Mtge. & Guar. pfd.—20 at 7. The Carpel Corp.—10 at 22%. AFTER CALL. - ‘Washington Gas 6s “A"—$200 at 103. National Savings & Trust Co.—10 at 545. Potomac Electric 5% % pfd.—5 at 107%. Capital Traction Co.—20 at 84, 20 at 8414, 4 at 84%. National Mtge, & Inv. pfd.—200 at 47%. at 9515, Capital Traction 5s—$1 ‘Washington Gas 6s “A"—8$500 at 1020, United Stores A. Bid and Asked Prices., Udt Stores pt... U S & Forelgn Secur. u ; / 1 " Bid. ‘Asked. Texas Corp (3) Tex Gulf Sul ( TexPC&O (b10%). Texas Pac Land Tr. . ‘Thom; Prod(2.40) Thompson Starrett. . Tide Water Asso 60c. Tide Wat Asso pf (6) Timken Det Ax 1800 Tide Water Oil pt(5) Timken Roller (3)... Thompson J R (3.60) Tobaceo Products. .. Tobacco Products A.. Transcontinental Ofl. Transcont’al Oil n Transue & W (1) Truax Traer (1 Truscon Stl (g1.20 Twin City Rp T (4 Und-Ell-Fisher (8).. Union Bag & Paper... Union Carbide (2.60) Union Oil of Cal (32) Union Pacific (10). .. 4 Untion Pacific pf (4).. Union T'k Car (1.60). industries are showing increased activ- 93% | ity. Coal mining is running at approxi- 9914 m-mi the same rate as a yar l{o The 103% | Ame: & Foundry Co. at Hunt- 108% the 1055 | tinues’ weak. 86 |milk and other dairy products has 99 | helped to offset the reduces prices. On 91 {January 1, 1930, there were 226,000 milk 99y | cows, as compared with 219,000 in 1928, 87 |an increase of 3.2 per cent. w 1 9414 102 | Special Dispatch to The Star. 101% | BALTIMORE, Md., March 13.—Poul- 99% | try, alive—Turkeys, pound, 32a36; old 111 | toms, 25a27; poor and thin, 20, 86 | roosters, 17a25. Ducks, 17a30; old hens, 991 | 29a31; leghorns, 27a28; guinea fowls, 103 | each, 40a65; pigeons, pair, 25a30. 100% | Eggs—Receipts, 1914 cases; nearby 94 | firsts, 24%,a241>; hennery whites, 25; 103% | duck eggs, 38a40. 100% | Butter- 100 |pound, 35a39% 97 | packed, 19; rofls, 253 97 2. - Live Sto.: Market. % 93 Cattle—Receipts, 100 head; light sup- 106% | Ply, market lower on cows. Steers, 87 | choice to grlme. none; good to choice, o B e e T 67% | 1.50; medium, g 87 |to fair, 5.5026.00; to m 96 | 4.00a5.00. Bulls, chofce to prime, none: 94% | good to choice, 9. 0.00; medium to 73 | good, 8.5089.00; fair to medium, 8.00a 8.50; plain to fair, 7.50a8. on to plain, 7.00a7.50. Cows, H to choice, none; edium good, 7.50a8.00; fair to medium, 6.00a7.50; plain to fair, 5.00a iclors, Wholce to printe. hone:.sood 9 eifers, e, none; to choice, 10.00a11.00; medium to , 9.00a10.00; fair to medium, 8.00a9.00: plain to fair, 7.00a8.00; common to plain, 6.00a7.00. Fresh springers, 60.002150.00. Sheep and lambs—Receipts, 100 head: light supply, market steady. Sheep, 2.0026.00;_lambs, 6.50a12.50. Hogs—Re: , 500 head; light sup- gley“ market higher. Lights, 11. - 10.55a11.45; medium, 11 7.5029.90; 10.00110»“;;? pigs, ll.mll.l!.u‘h Calves—] 50 head; light sup- ply; market steady. Calves, 7.00a14.50. Hay and Grain Prices. ‘Wheat—No. 2 red \d e No. 2 red Winter, garlicky, no quotation, March, 1.07%; No. 3 Corn—No. 2 domestic, yellow, new, ngo; m;m uw, 4.6524.75. 0. 2, white, domestic, spot, 53; No. 2, white, domesf 52. Rye—Nearby, 75.]"& ek Hay—Receipts, 22 tons; no change in market; some little hay is arriving, but hardly enough upon which to lish quotations by grades. Better of timothy and clover mixed are selling from 16.00 to 20.00 per ton, mmg to quantity and dition, trudk s ents. & Balto&Ohto gold 89 B&Oecv 4%s. 303 15 2 55 3 2 7 a“ 2 13 35 - Natl Biscult pf (7). Nat Cash Reg,A(14). Nat Dairy (32). tl Dept Store: Nat Distillers (2) remEE B aanme cara o Buff R & Pitts 43 Bush Term con bs. Can Nat 438 '54. 120 29 North Am(b10 % stk) North Am pf (3).... North Am Ed pf (6). Nor Ger Lloyd(3.41). Northern Pac (5). North Pacet (5). Norwalk Tire & Rb. . Ofl Well Supply. ..o Oliver Farm EqQuip.. Olivr Fr Eq cv pti3). Omuibus Corp. .. ... Oppenheimer Col (5) Otis Elevator (2%), . Ouis Elevator new Otis Elev pf (6) 4 Otis Stee] (2%) OQutlet Co pf (7) Pacific Coast. .. Pacific Coast 1st pf. Pacific Coast 2d pf. . Paciic Gas & £ (2).. Pacific Lighting (3). Pacific Oll stubs. ... Packard Motor (1). Pan-Am Petroleum Utd Corp pt (3). United Elec Coal United Fruit (4) Utd Gas & Imp(1.20) 1 Utd Gas & Im pf (5).. Utd Paperboard. Rhine Wst EP Rhine West 6s63.. 50 Rhine Wst EP 7860 1 Rio de Janeiro 648 18 RiodeJan8s1946. 5 Rio Gr do Sul 63 48. 10 Chi M&StP 4%sE.. 26 Chi MiISP&Pacss75 16 9414 CMSP&Pac adjbs03152 2% ChiN W 4%82037. 20 96% 961 Chi& N W con 4%s 73 100% 100% Chi& N W 7s. 11 100% 100% . 2? zg!‘ 6 ChiRI&P4Ys... 29 36* 95% Chi Un Sta 4% 981 981 Chi Union Sta 58 44 2 102% 102%, Chi Unfon Sta 6%s. 4 115% 115% C& Wlconds.. 3 90 89%, 17 104% 104% 3103 1021 95 81 96 arrnuRo aaamen 954 - S Leather pr ptf (7) Plpe & Fdry (3). Pipe&F 2d pf 1.20 Realty (5) Rubber. Rubber 1st pf. Smelt Ref (3%). Steel (7)., U S Steel pt (1), U S Tobacco (4) Unlv Leat Tob (3). .. Univ Leaf Tob pf(8). 40s Util Pwr&Lt A (e2). 13 Vadsco Sales Corp... 12 Vanadium (t4)...... 129 Vick Chemical (234). 2 Virginia-Car Chem.. 3 Vulcan Detinning(1) 90s Vulcan Detin (A)(1). 108 Wabash....... S EX 2 = @ & s .2 Frw 1 208 208 5 1 Serbs Cf Slov Serbs Crot Slo Rt #. » 2 TSI ST 23382555238 s a8 s3=zEss Del & Hud 63%4ws.... 13 1 Den & R1o G cn ¢s. 110 Den&R G W 434836 33 Des M&F'tD 4sctfs. 2 DRG& Wat 58 686.. 34 DRG& Wat6s73.. 14 ramount-F-L « Park & Tilford (33) Park Utab Parmeles :xchang Pathe Exchange A. Patino Mines (3.89). Penick & Ford (1). 104 94% 98 25 97% 93 867 85% 85 821 951 m 9 111% 1113 22 55% 56 111 i 15 97% o7y ! 22 105% 1043 5110 109% 29 112% 111% 36 81 8oy 88 98 97 3 91% g1 5 901 n:: 1 9% 9oy 3 105% 105% é 1::“ 105 @ 6615 it American Tel. & Tels Gapltal Traction Co Washington Gas Li| N & W. 8 pld. : . & ‘Annap. com. Warner Bros Plo 35 * S ros Plo (4). NATIONAL BANK. War Bros P pf (2.20) Nattonat c.pn-T % Co}llmhll .. Commercial District ... Pederal-Ame: Liberty Lincoln MISCELLANEOUS. Abitibl Pa&P b Alleghany Cp b: Alleghany 6s a:. .e 963, Erie Genessee Rs 63 1 111 Erie & Jersey 6s... Am Chain 6s33.... AmChem 6% Am Cotton O11 Am IntCor 6% 49. 24 Am NatGas6%s42 9 Am Smit& R 1i Am Sugar Ref Am T&T cv 4% Am Tel&Teleg AmT& Tel tr AmT&Tst6s. Wess Ofl & Snow (3). 8 West Penn El A (7).. 20s West Penn El pf (6). 50s West Penn El of (7). 10s West Penn Pw pf(6) 100s. West Penn Pw pf (1) 20s Westn Dairy (B).... Western Maryland. 20 Western Pacific pt W 'n Union (8). nghse A B (2). Westinghse E&M (5) Westhse E&M pt (5) Weston El Ins (1)... Westvaco Chlor (2).. White Eagle Ol (2).. White Rock M 8 (14) White Sewing Mach. Wilcox Oll & Gas.... Wilcox Rich, B (2)... Willys-Over (1.30).. Wilson & Co pf. B Hud & Man a) National Bank of Washingion Hud & Man ref TRUST COMPANY. American Security & Trust Co. Continental Trust 5 erchants’ Bank.. | National Savings & Trust. | Union Trust. 7 Washington Loan & Trust..... SAVINGS BANK. Bank of Bethes : Commerce avi East Washington Potomac Saving: 85 Security Savings & Commercial. 482 Plllsbury Flour (2). Pirelil Co(A)(p3.14). 4 Pittsbgh Screw 1.40.. Pittston Company . Poor & Co (B) (2)... P Rican Am To (A)7 P Rican Am To (B).. Postal Tel & C pf(7). Prairie Oll & Gas(2). Prairie Pipe L (15).. Pressed Steel Car, Proc & Gamble (2, Prod & Refin Public Serv, NJ Pub Sve NJ pt (5). Pullman Corp (4) Punta Alegre Suga: Pure Oll 1%). Pure O1l pt ( Purity Bakeri Radlo Corp. ... con most 111 Cent rf 5s 55. 111-C-C-StL&NO & Int Rapid Trans 47, Int Rap Tr bs stpd. Armour&Co 4345 39, s Int Rapid Trans Armour Del 5%s 824 Associated Of1 103 Atl Gulf 55 69. % Atlantic Refin 6s. 101% 103% "2 Bell Tel Pa 63 B. Bell Tel PassC.... 106% Int RysCA 6%sre. Bethiehm Stl pm §s Beth Steel rt Bklyn Edison 6 Bush Term Bldg Certn-Td §%s rots., Chile Cop; e 133 Sales. Nor Pac 4%s2027.. 20 Nor Pacrf 6s. 12 114 Ore Wash 1st 4 Penna gen 4348, Penna 4% -'Cl... i 113% 5 53 15 10 106 89% 89 1 4% T4% 4 98 98 10 78y 77 23 10215 1013 21 91 9oy Int & G Nor 6s 19! s § Lake Shore 45°31.. Leni Valen 4 . LehiVgen 4% 2008. Worthington Pump. Lehigh Valley s 20 Wrigley Wm (4).... Yellow Truck & C. Young Spring (3)... Young Sheet & T (5). Zenith Radlo........ RIGHTS EXPIRE Am Roll M. ChiRI&P. T e 10 109% 10908 99% 99y 42 96 953 39 98y, 97% 4 106% 10615 7100% 100% 1 997 47100 0 14y 15 8915 5 954 23 88y 1 87 96 Port RL&P %8 46. 984 | Reading gen 438 A 196% | R1Arka L 4% 00% | g¢ L, IM&S gn 63 '31 (J9% | St L IMES R&G 45. Com Invest 53 Com Invest 63 °48. ,, ConGasN Y 64s.., Cuba Cane 8s. . Louls & Nash 6% Louis & Nash 7 Mill El Ry&Lt 4%s Mil El Ry & L 68 61 Minn & StL ref 4s.. & 1% 1% 1 19% 19% 19 am 3w 3y Sales of Stocks on New York Exchange. 10:30 AM.. . 423,400 12:00 Noon -1,654,600 + 2,687,200 10 P.M.. + 2,981,500 Dividend rates as given in the avove tabl [t Dayments based on the latest qUarierly of half 3 :'i{.;&?&?cf:fif ius American -American Dpfd. Reming-Rnd 1st (7). Fede; Lanston Monotype. hants' Tran: Reo Motor Car (.80). Repub Ir & Steel (4). Rep Ir & St pt (7)... 1% % Dodge oy Duquesne 435s 67 . East Cuba Sug 7348 Fisk Rub 8s. ....,... Gen Mot Ac Cor W= T ) = 53 1 Reynolds Tob A (3). 100s Reynolds Tob B (3). Richfleld O1l (2). Rio Grande Ofl (2).. Ritter Dent Mfg (13) 3714 Rossia Ine (2.20).... 49% Royal Dutch (23.20) . ITALY LIFTS EXPORT n 4 s Unit of trading less than 100 shares. Mo Pacific gen Mo Pac 68 A 65. F1 = 5%, 43% 50% Goodyear 5s rets. Hoe & Co 6%/, Humble O & R b Humble O & R 63a 111 Bell Tel &s. oc % in stock. J Plus 8% k. % !‘m.hom.fi‘m‘k Pl 3% b stock. ‘b Sublect To of the public which has savings in Italy. The host of Italians resident in the United States who have savings Mo Pac 58 G Mo Pac 5%s Mob & O gn 4s 38 93% Mob & O ¢%8 77, 23 98 Mont T'rmref 6841 9 98 51% 110% 7 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) RICHMOND BANK DEBITS. RICHMOND, Va. March 13 (Spe-! nesota sacked Red River Ohio’s, 2.50a 270, © CHICAGO DAIRY MARKET. - CHICAGO, March 13 (A.—Butter ts, 33%,a35%%; secon a 81%,. Eggs unsettled; receipts, 23,032 cases; extra firsts, 25a25Y,; graded firsts, 2315823%; ordinary firsts, 22%%a 23; storage packed firsts, 26; storage ‘packed extras, 265, 7 Coast Building Outlook Good. fifif FRANCISCO, March 13 (#).— Toast & %mnu. should total more than $60,- ,000. Apartment house construc. tion represents slightly more than 40 ‘}—‘ cent of total new building, approx- mately $150,000,000 for the year. BAN ON CAPITAL Freedom of Exchange Operations of Great Importance Here and Elsewhere in U. S, ‘The financial section of the New York Times today says: decree of the Italian govern- ment declaring for freedom of ex- change operations has the effect of removing of forelgn capital from Italy. the embargo un the m the move is of no great financial sig- nificance, aside from constituting the end of the last of the war restrictions regarding tremendous matters, it is of t to & large section in Italy can now withdraw them, if they so choose, and bring them to this country. Bankers here have been ex- ting the step. It is pointed out t the Mussolini government has oceeded with a conservative wisdom its gradual restoration of the status quo ante bellum so far as the restric- tion of exchange rations and the stabilization of the lira is concerned.” Robert V. Fleming, president of the al Bank, considers this try. menting on it today he said that action is of much more far-reaching importance than might at first appear on_the surface. The Italian Ambassador is naturally highly gratified over the lifting of the embargo. ‘The witchbroom duuu! ) doing serfous damage in Trinidad. ¢ cial) —Debits to individual accounts of | banks in the 24 centers of the Rich- mond Federal Reserve district for the Wweek ending March 5 aggregated $323,- 770,000, as compared wlth' 2 5 Nominal gold Selling checks value Cor par). London, pound 4. 51,120,000 | Z3} for the preceding week and with $343,- | M 562,000 for the corresponding week of last _year, Local bank debits for the week end- | Wi ing March 5 were $33,282,000. for the entire country aggre- gated $16,274,000,000, or 28 per cent above the total reported for the pre- ceding week, and 26 per cent below the total reported for the corresponding week of last year. o Gasoline Price Advinoed. NEW YORK, March 13 (#).—The Warner-Quinlan Co. has advanced the price of United States motor gasoline in tank cars at refineries one-half cent a galion, to 8% cents. aw, aloty... . inhagen. crown. Oslo, crown. Stockholm, ¢ Coal Shipments. NEW YORK, March 13 (#).—Anthra- cite coal shipments last month totaled 4,708,707 gross tons, a decrease of 627,- 081 tons when compared with January'y, shipments, and 459,490 tons less thasm the shipments of February, 1929, i il iy National sa certificates_sold, Britain last year led 52,051,765, - Kan, City P & Lt 6s. Keridall 6348 48 war La/Ylede LouGas & E15s63. Manati Sugar 7%s. MeC'rmick ER Midvale Stee! 6: Monta; 4 Montana Pw del 2 119% 117 116 98% }fln 88 101% 70 101 101 101% 101% Montreal Tr6sBS6 3 934 * | Nash Cnat& StL 4s. l: 90% 119% mER e ] 2222222222222 e g g g ZZZ0000 88 101% 70 101 101 101% 101% 3 5 ; z "] 101 Nor&S 101% Nor Pae 101% Nor Pae gen 38 20 98% . 8 102% 102% 3 8 8 5 8 85 94 93% 934 1 130% 130% 51 118% 118% 118% . 34125 124% 126 .1 101% 101% 101% *60 44 106 106 106 Texas & Pacific 1st. 25 109% 109% 109% Tex & Pac 68 B 1977 24 102% 101% 102- Tex & Pac 65 C 2 1024 1024 102% 7 51 50M Bl 5 304 304 B804 Union Pacific 1st 45 14 95% 95% 9B% Union Pac 45 68. 898 . 34 89% 89% - 2 9% 9% 91y % 8 99 984 99 Virginia Ry 18t 8s.. 22 106 105% 106 VYRy&Pbs...... 1 100% 100% 100% Whash Wabash 5%s ‘75 West Maryland 4