Evening Star Newspaper, March 13, 1930, Page 15

FINANCIAL GURB ISSUES MOVE IN NARROW RANGE Market Has Irregular Tone,|” # With Oils and Motors #.. Advancing. dli 4 BY JOHN A. CRONE. @pesia! Dispatch to The Star. NEW YORK, March 13.—The eurb t maintained an irregular trend , with utilities feeling the most pressure and ofls and motors moving ahead most vigorously. ‘The market leader, Electric Bond & ! Bhare, opened on & lot of 5,000 shares a8 96 and moved between that level and 97%. Commonwealth & Southern ‘Warrants were unusually active in a fractional range. Pressure on Amer- foan & Foreign Power lifted. A wide list of ofls shared in the buy- ing movement that took many petro- Jeums to or within fractions of new high prices. Standard Oil of Indiana turned over more rapidly as it ascended. Gulf Oil of Pennsylvania came within & fraction of its 1930 record. Some lower priced issues like Vene- Suelan Petroleum, of which one block of 6,000 shares came out, also at- tracted ;roll‘:é:mu! Oltluu,Servloc and Indian Territory frequently appeared | with little change. ’ ‘Tubize Artificial Silk, which hit a new low in the preceding sessions, re- eovered most of its loss following the ratification of a merger with American Chatillon Corporation. Columbia Pic- tures again was prominent in the amusements, reaching a new peak. ‘The curb today lost one of its most active issues in the transfer of Lehman Corporation to the big board. Other curb issues making the same move in- ecluded General Printing Ink Corpora- tion, Colgate Palmolive Peet Co. and Otis Elevator new. Harrison Orange Huts, Inc., was removed from listing. United Gas remained one of the most active of natural gas issues, without, however, mwm; much price change in the first part of the session, Lone Star Gas was up frlcuonllly at times, which also was true of Memphis Natural Gas. Arkansas Natural backed and filled. Alleghany Gas, which will be in the merged Appalachian Gas Co.,, met per- aistent profit-taking. Coppers mirrored some of the selll im yed metal shares on the big hoar Newmont and United Verde were ex- ceptions to the general downward trend. n’;fl;fi‘hflel;] ::flgn!d_ . g of e quarterly preferred dividend of General %&m‘ caused it to be ;m actively, but it did not give way mu NEW YORK BANK STOCKS. NEW YORK, March 13 (#)— Banks. Bid. 131 83 | 5 3 5 24 2 RS §E5855 r: - s S 835 L & 58 s3poesasensanalss 223338338 SEESE F SereaaseagyeniEsssssieeset! 3 3 SE RS SR 3 = FERNRF §F § FH geeSSeSeness BRE R Ses3ssiznnes! Seeessesengpniniarnan! SRARE ¥ ol 0w 25823 F o= oo 2283 o € £ Sg332Es S 5 S3gsS: gge, " % 338! Se5S2e3258: ' S Setegesesel ‘s‘..Z:_..____ 22 23 sagSesEses SN RNRSESNTES. 2¥238358322% Retailers May Save. By standardizing wrappin h‘lgxlmrthlndh:.un mp‘l‘nm ;i e estimat retall partment lflu may save §$9,000,000 annually, 1 2% 28% 27% b 33 16 113% Am Gas & Hlec (31). 18 7 11 100 Cons Gas Balt pf A § 1008 % Sl we mgwgtzeu#’gfi. - a3 a Al 1814 Gulf Ofl of Pa (1%). 100 Y THE FEVENING STAR, WASHINGTON, D. O, THURSDAY, MARCH 13, 1930, FINANCIAL. NSACTIONS ON THE NEW YORK CURB MARKET =Prey 1980.~ Stock and Low. Rate, -ifi\ 12 lfl!u.fl'ch uu). 164 48% 24 20% 25% l.share lots uu Jefferson B l'l!i).. # Kolster-Br (Am 8h). 21% Alnsworth Mfx ll“- Lane Bryant. In 8% Alr Investors vto, 1% Alexander Indust. ... 16 All Amer Gen Corp. . 4 Allegheny Gas Corp. % Allied Aviation.. . % Allison Drug St A Lone Star Gas (1) Louisiana Lan & ) 20% Am Colortype (2.40). 23% Am Cwith P A b10% % Am Control Oil Flds. Frowy Mer Chap & S(1.1 Mer & Mf S A (1. “)- & Min Ino (1.30) Chain Stores, Brwpo vameS S anRmnnn 4% Am Investors (war). 10 10 Am InvestIneB.... 225 Am Lt & Tract (10). 45 Am Mfg Co (4). 1% Am Maracaibo 7% Am Pneumatic Serv. 23% Am Superpower (1). 94% Am Super 1st pf (6) 5 Am Yvette (new) wi 11% Anchor Post F (2)... 15% Anglo Chil Nitra 9% Areturus Rad Tube. . & Ariz Globe Copper-. .. % N §% Arkansas Nat Gas. .. 8% Arkansas Nat Gas A. 18 Art Metal Works(3) ng & Ptg.. 5% Asso-Elec Ind Ltd, . 36 As50G & E A (12.40) T ASeoGRE A deb res. 4% Asso Rayon. 3914 Asse Rayon pf (6).. 22 Atl Coast Fish(1.40) % Atlant Fruit & Sug.. % Atlantic Lobos. . ... 15% Atlantic See Corp. .o 2215 Atlas Plywood (3). . 18 Atlas Stors Corp(31) 7 Auto Musie (A) (1).. 5% Auto Voting Mach. .. 104 AutV M ev pr pt (1) 12% Aviation Credit... 24% Aviation Corp of Am 36 Axton-F Tob A 3.20. 122 Babeock&Wilcox 19. 200| 24 Bahia Corp, . 1% Bahia Corp pf. 160'4 Bell Tel of Can (8) 5% Bellanca Afrcraft. 14% Bickford's, Inc (1).. 81% Blaw-Knox Co (1%) 1% Blyn Shoes, In¢.,... 23w Bliss Co (E W) (1).. 6% Blue Ridge Corp. . 83% Blue Ridge cv pf (ad) 85% Brazil Tr & Lt ¢2).. 10% Brill Corp, A (65¢).. 2% Brill Corp B. 4 4 65% Buckeye PL (4) 64 64 64 24% Buft, N&EP pf(1, Mid West Ut B war. Mid Royalty ev pf 2. Miller & Sons (3)... Mo Kan PL (b10%). Moek Judson Voe(%) Mohawk Mining(12). Montecatini deb rts. Moody's I 8 pt pf (3) Morison Elec (31) Mount Prod (1.60] Municipal Service, Nat Aviation, El Po A (1. 13 26e 200 - o Investors (n ' Pub 8v A (1.60). Nat Rub Mach (2).. Nat Sugar NJ (2).. Natl Transit (1).. Nat Union Radio. Nehi Corpn (1.30) Nevada Cal Eleo Newberry (JJ) (1.10) New Brad Ofl (§08).. - TP R TP PP P e~ les-Boment-P 123 Noma Bl Cor ¢ Noranda Mi North Am Aviatio: NoAmL &P (b8%) % 6% North Am Utll Sec. . B1e 6% North Gen Te (4063 24| 13w 170 | Nortn 8t Paw 4 () u 29% 21% N W Engineer (3)... "’ PN Ohto Copper. 1% Ohio Ofl (12). 9 284l 42 L XY Overseas Sec (1). Pacific Coast Bis. % 8 Burco, Ine (war) 3 2% Burma Corp (t3le] 3% 79 :K Can Pacific(new)w.l. % Carib Syndicate,.... 5 Carnegie Metals. 41 Carrier Eng n-vA(1) 4% Cent Atlantic States. 25% Cent Public Service, 34% Cent PSv A (a1.76), 19 Cen States El (3400) 4% Centrifux Pips ($0e) c (. Parke-Davis (1. li). Penn Mex Fuel (2).. Pennroad Corp...... Peop L&P A(a2.40).. T R e B @~ 1o e [=® PR g 1 6 2 7 b 3 3 [3 Prudence Co pf (7).. 75- Prudential Inv...... Pub Uil Hold war. . 29 PugSP&Ltpf (6). 110s Radio Prod (50)..... RainbowLumProd A RainbowLumProd B Rolt.r-l‘ er (400) . % Columbia Syndicate. 5% Colon Ofl.....eeeure 3% Comwlith & Sou war. 124 Com Wat Ser (b6%) % Consol Auto Merch. . 15 Consolidated Afrcraf 1 Consol Cigar (war).. 5 Cousolidated c»w 90% Con Gas, Balto(3.60) ds Bros Ine, . Reynolds Met n 3.40. Rike Kumbler (2.20) Roan Antelope Mi: Rocklans Lt&P(! o) Rolls-Roy of Am pf. % Roas Stores. Inc., .. Ryan Consolidated. . St Anthony Gold. ... St Regis Paper (1).. Salt Creek Prod (2).. Schiff (The) Co (2). Schlet & Zan pf3%4.. 8chulte Real Estate. Schulte Un 6c-$1 St.. Selberlin Selected Sentry Safety Cont, Shattuck Den Min, .. 3 Cons Instrument. 10 Cons Laundries. 12% Continenta] Ofl...... 28 Cooper Bessemer(2) 6§ Copeland Prod Inc &. 5% Creole Petroleum. 18% Crocker Wheeler. % Crown Cent Petro! 43 Cumb'Ind Pipe L(4). 1% Curtiss Wright war, 7% Darby Pet (1)... % DaviaDrug Stor ofs. ll& Dee: Co IIC' '.I... 2% De Forest Radlo. . 64 De Haviland (50¢).« 65 Detroit Alrcraft Cor, 24% Detroit Gasket(1.20) 10 Distillers Corp. . 10% Dix & Utilities. . & Dolores Esperanza.. 12% Douglas Air (75¢)... 81 Dres(SR)MIg A 3%, 8% Dublller Cond&Rad, 145 Duke Power (35) 4% Duran: Motors. 26% East Gas& F Asso. 14 Eisler Elec (1.| 50). o 80% El Bond & Sb (b§! 103% El Bond & Sh pf (6. 24% Elec Pow Asso (1)... 22% Blec Pw Asso A (1) 28% B1P& L opt war.... 15% Blec Sharehldg (31). 40 Empire Pwr Corp(3) 19% Emp Pub 8v A(1.80) % Engineers Gold. .. 184 Europan Eieo (The). 18 Engineers P S war., 84 Europe Kl Ltd opt w. 84 Evans Wallow Lead. 2 Fabrics Finishing. . % Falcon Lead. . . % Fandango COrp..ece 7 Fansteel Products. . 9 Fedders Mfg Co (A). 1% Fiat Stk deb rts. .. Florlda P&LE pf (1), 18% Fokker Alrcraft. 28 Ford H.wr“l‘- . 36 Ford Motor Can B... 6% Ford Mot of France. 10% Fort Mot Ltd(37%¢) 83 Fourth Nat lnv,.... 24 Fox TheatClA....o 20 Garloek Pkg (1. 2% General Baki 35% General Bak 8% General Cable war 10% Gen K Ltd rets o afar o mmn e 6% Sisto Fin Corp. . Smith (A O) (2)....130 % Solar Refining (1“) 14 Senora Products. So Penn Ol (13% S0 Cal Bd pt A(1%)+ % So Cal Edcprau!t). H Bl o 85 animri e s aribeb o So Ice & Utllities B, , Southland Roy (1).. S WBCLIT'H Pt (7). 8 W Dairy Products, SWGas Util......o 28 Spanish & Gen Reg. . 4% 10!% 106“ Stan Gas & Bl pf (7) 214 % Standard Motors. 1 P 374 30 Stand OiL. Kan (2). .. 431 Stand Ofl, Neb(13%) 88% St Oil of Ohto (2%). 29 Starrott e 2% Starrett Corp pf (l).. 19% Stein(A)& Co (1.60). SteinA&Co cu pf 6% Sterch Br St (1.20).. Straugs(Nathan)1% S Bearslhina NS0 B Swift Intern'l(3%).. Taggart Corp (1) . Tampa Electrio (3%). Technicolor, InG. ..+ Texon Of] & Land. . % Thermold Co (3).... Timk Det Axle pf(7) Tobacco & All Stks. . Tobacco Pr Bxports. Transamer ($1.60). . Tr-Lux DL PS8 (A). 'ran Con Alr Tran. . Tri-Continental Cor, Tri-Cont Corp war. . Tri-Cont Corp pf(6). Tri Utilities (1. Tung-Sol Lamp (3).. Ulen &Co.......... Ungerleider ¥ Corp. Union Oll Assoc (3). Gleaner Com Har(3). 102 Glen Alden Coal (8).. 11% Globe Underwriters. 4 Golden Center, % Goldfield Consol 35 Goldman Sachs (b6). 2% Gold Seal I n. aih Qoth Knitback Mach raymur Corp. . . 1P e R 7 vy 6% 11 Dt Care pevier 19 b A dc i g 44 32 UniChe i ™ ot pE () 24% l'l% 6% 26% 2 J 14% United Corp war United Dry Docl % United Eastern. Unit £) Ser pur war. ma Founders(b32.35) United Gas Co. . Utd Lt & Pwr A (1), Utd Lt & Pwr B (1). gl::.h lztApf (M., 8 Dll" ) (8)... B 184 US llu Pwr b 42 U8 Gypsum (1.60),, 60% US&In8 ot (334). 14 USLimespt(1). 11 Ubit Verde Bxt (4). 2 United Zing Smelt. 53% Universal Ing (33). 10% Utility Rauities 14% Utility Pw & Lt 17% Utility & Ind. 28% Gunther Law ¢3)... 47 Hambleton Corp otfs. Cand: :zu Hydro Eleo Serv B85 lullnl » l. l"llfl 204 Indian 1 Internat Ust) ., 104 (nterstate Bavpdies, . 404 Inter nlu*d IIK “n A“ mmmm llh “n ~Previsso— _Stock and High. Low. Dividend Rate. ~Add 00. 44 3% Venesuels Pim(30c) 29 9% 8 Viek¥Fia Corp. 2 a 1 West Tab & Sta (2) West Mass Co (2). . Open. High, Low. Close. n 'rmlm-\ High. Low. 4 11% 20% ® RIG! . 5% 3% Con Gas ) @ " L I 4 & % Pac 6% Wil-Low Cafeteria.. & 17% Zenite Prod (1.60)... HTS. Balte.... % Bisler Elee. . 7“ N"lnl“l‘m Apr 3 Co Mar Nfldmflllh. mnw—.m Low. Glose. 8% 8 18% 1% l“ % 5 & 4 ll 1 75 4% 5 1 % n ghting....May 1 4 u* Dividend rates in dollars hased on iast guarterly or eemel 6014 | Anaual pasment. *Ex-dividend. {Partl: 6044 Western Pow pf . BOI 106% lOflfi 106\6 1064 | gash or stock. b Payabl . HIGHER PRICES PAID FOR STRAWBERRIES Florida Freeze Delays Early Potatoes, Says Agriculture Department Review. A number of interesting devalopmenu occurred in the fruit and vegetable markets last week. OCalifornia is re- ported to have a heavy crop of aspar: s, and shipments are becoming active otato markets were unsettled, wil Eastern lhlppl%’ ints weaker and Northern and rn_producing sec- tions somewhat stronger. The main crop of early potatoes in Northern Flor- ida will be delayed as a result of the March freeze. Growers of strawberries in Florida were getting higher prices, but city markets were at a moderate level. Imported tomatoes from the west coat of Mexico were overshadowing all | other receipts, though quite a number of cars came from Florida, The Cali- fornia celery market was stronger, but most of the celery is now from da. Condition of the early onion crop in Southern Texas indicates that produc- tion may not be so heavy as first ex- pected. decunlng reached price. Cabbage prices 1mu, ‘with new-crop ship- riving to help fill up the gap. Ship- ments of Western apples dropped very suddenly, and movement of Eastern fruit last week exceeded that from the West. Imperial Valley of California was holding the lettuce market almost alone, with output 8t the high average of 225 cars daily. Tennessee wis the prineipal u;l‘xrce o! lwte.etupm:"{ou u"" Grapefruit shipments, almost en da, decreased 450 Flori atill required -bouc 1,690 cars, of California furnished 860 and Florida most of the remainder. Nearly 500 cars of spinach came from Texas; &pers were getti only 50 cents per el basket. Haul were he.vy The f. 0. b. mlrl string beans was recovering from its re« cent decline, and bushel hlmpen were returning growers $3 to Movements of beans amounted to 140 cars for the week. Texas carrot nhipmum made l sudden 1nm uu '.he urm "r“o%yt wml.ln of the pflnelul trum forw! g5 tables decreased to 4,370 cars, During the same period h-u season about 10.7u cars moved. NEW SECURITIES. NE‘W YORK, March 13 (). ~—New secu 1‘ The Ivan 000,000 40-year 412 Ber cent gold deben- ture bonds, due Apr 1, mo and priced at 941, and accrued t, to yleld Ml per cent, Qffered by uhn. wumam Gas & Electric Co., $2.- 000,000 first lien and general mnrrnce goid bonds, 6 cent series (to companied to stock chase wnmnu) dated February 1, 1930 and due Febru- ary 1, 1960; priced at 971, and interest to ymd -bom, 81! per cent. Offered by A. C. Allyn & BANK chnmus NEW YORK, March 13 (Special).— New York bank m}:{g‘swumyo,&x 1)2“ ; & 880, York bask balances 000,000 2 year ago, $187, ooo.oon New Ym eral reserve credit balances, today, ll.’i!‘ 000,000; & year ago, $131,000,000. for Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes Bearing 612% Interest In Denominations of $3250.00, $500.00 and $1,000,00 Consutt WELCH Reattor Loan Specialist wATRYIERS. TR o e Cities Service British Type Diversified Trustee Shares Full Information Marlow-Beech Corporation 1732 Conn. Ave. Pot. 6167 OIA onions from storage were| ¢o STOCK AND BOND ly extrs. tPlus extra Paysble 3 Jo in stock. d Pavable . stoek. AVERAGES By the Associated Press. Prom Yesterday's 5:30 Edition. (Copyright, 1930, Standard Statistics Co.) GRAIN MARKET, CHICAGO, March 13 (8pecial) —The | wheat market was firm today, reflect- ing the better tone in Liverpool. Trade was largely local in character and small in volume. Liverpool strength was at- atural reaction and light- ents, March opened % 0 %, July NAV. first half hour, March 1.0¢ March cpen %, a1 to hnur..mll{nch 5%, were firm, d 41% Afinr first half hour, lom were neglected, but firm. Purchase of July wheat against sis multafieous sales of May formed an outstanding feature of wheat trading at times today. The process was re- garded as undoing of recent spreads that were exactly omdu There CArs. | also Wnfldeuhh ae] of part of the houses wil necuum Largely as a result, futures soat! forecast of rising tamp.n- tures had reverse effect. Reports of Winter killing of dmmh R A A A e e of from parts of the soft-wheat belt. NEW YORK COTTON. NEW YORK, March 13 (Special).—A considerable accumulation of selling orders brought c8tton down 4 to 14 pmu at the opening today. Sen- timent was nervous and traders were to cover on either side of the market with the appearance of even llllbk blocn of cotton. was: March, 14.35, ff 8; Jul , 1477, off 14. Octo. off 07 0ft'6; December new, 14.89, off ¢; ‘l‘nllllzflold. 15.10, off 9, and hmnry Canada a Rubber Power. Reports to_the Deplrt.ment of Com- show Canada h: ne o d. business amounted to $32,095, m Wm. Gnrdo:n Buchanan Councilor & Buchanan % NM mo'l.{“l 116213 tory Omission) Money to Loan by L g R ) ....m'.; Joseph L. Weller Bl st 5 %8 Real Flht: Loans Made Money Available for making Real Estate Loans ROBERT W. SAVAGE 717 Union Trust Building National 6799 mn Sold in LquMW Up Ceall or Write Standard Collateral Shares Corporation STATEMENT OF THE CONDITION 88 i Rhode Island Insurance Co. of Providence, R. L ©On the 3lst day of Decembe her, Tequired fot. of Columbl o'&- 'm}'na‘u[ %‘Wu"-na"fl'u"cufl f14f $2,000,000.00 Capltal “stook, Tt oo " 2.000,000.00 $37,308.2¢ iR 6,972,379.25 1,593.242.44 4,050,688.25 nfi.’;‘-‘fi;’. me this 710 14th Street Weodward Bufldin Met. 8783, @TATEMENT OF Ti OF THI Union Fire Insurance Co. of Pnrln, France roc'éunna under the '%m 0T obumei A snded Ji 1608, ana August o Dnun "capital stock $300.000.00 i‘% ’E ai.lcn.k P 'r“?‘&’f 'fiflir na accrisd: CONDITION $13.862.44 165,507.44 3 . 1,725,050.00 Total labilities ... . 3,163.143.90 i he enr 1Rao FRe Sad Reb et Airine Losses year 1 Maney zear 1 R A U. 8. Manager, nm £ before me this “?m KM‘I'H;EI" Notary Public. Represented by Ckrlu E. Hood [CAPITAL TRACTION CO. {DELAYS DIVIDEND VOTE Directors Postpone Action Until L Special Meeting Set for Next Week. to defer action until a ial m to be called sometime ngteefleel ey At the last quarterl; directors cut the c-plu{'rncum divi- dend 1mm 7 to 6 pe: The next vldond @ cue to be pald on April 1. Company Sale Approved. NEW YO! holders of 1‘1‘5, mhekly’ Oil Co. “'éZ'm sneu company o poration. The tra; on a eash hl.lh. Petroleum Cor- will be made .-— TREASURY CERTIFICATES, J&EW (Reported u—ln ity s s Mar. 15, 3laa b 8 314y Dee. v INVESTMENT DEPT. BRODIE & COI.BER'I‘ 1707 Eye St. N. National 8875 BROWN «* SONS £ Underwriters + Distributors INVESTMENT SECURITIES Wasuineron Orrica 737 15th Sereet N. W. Telephone, National 2053 Masw Orries - Barvinons Svea F. & L. Insurance Co. of Gothenburg, Sweden On the ember, SR RO S g'usu e wi' Sher ‘rsets e o8 i, LR e an-u" nnn& nes [y, 3 e ok > a W" il National 4995 A-15 CUT INWHEAT CROP . WOULD AID PRICES, Legge’s Advice to Farmers Held Sonud Method of Saving Values. Special Dispatch to The Star. NEW YORK, March 13.—The advice of Alexander Legge, chairman of Federal Farm Board, to American w! growers that the only way to the condition of oversupply in the wheat market is to cut acreage and thereby reduce the new crop is the soundest that could be given. ‘The basic trouble with the wheat nwmfl industry is as it in the case sugar. other commodities whose values n shrunken severely in the last few years. The Farm Board's efforts to boost the failures of artificial suj that it right cess of even 2 pproximately 600,000 000 . It is.that excessive accumu- lation of wheat that broke down the grain market last year and has hin- dred its recovery. Tre history of all efforts to support commodity markets by forming pools and ho!dlngn lus stocks for higher prices has e same. Collapse of approved the sale of the nd enormous losses have: ulti- REAL ESTATE LOANS Made at Low laterest Rates TYLER & RUTHERFORD lm‘ St N.W. ann.l 0478 REAL ESTATE LOANS O @ Large and emall First L g promp Tates aad comamiedi R 1 FIDELITY MORTGAGE INVESTMENT CO. 507 11th St. N.W. National 2431 Money to Loan on Property in the District of Columbia | First Trusts Only Immediate Attention Wm. H. Samders Co, Inc. 1488 K St. N.w, Diat. 1015 T W R First Mortgage Loans Lowest Rate of Interest Long or Short Term Construction Loans Glover & Flather 1508 H St. N.W. National 1753 18861930 44 Years of Constant Progress STOCKETTALK NO. ¢ This is eur S and we" Going to Stick .t.:,lll o™ Muc!ol..:‘m ;;fii 2 F5 ubguni