Evening Star Newspaper, March 17, 1930, Page 14

A—14 *%% PINANCIAL. THE EVENING SEES BETTERPOISE [T NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct t- INMONEY MARKET| = ~Prev. 1030.~ Stock and Bales— . | 104% 100 High, Low. Dividend Rate. Add 00. Illh- M' Close. Close. | :+ 1815 86 55 3y Marlin Rock (14%).. 11 b4% B2% | 94% 2% p i 2 : 30 Motor (2).. 5" 2ew e 1| o 27, Cleveland Financier Believes| 7% 30 Matmesonauwiis 0. 5 4% 44s 44n 04| se Ziw " B “ M tWII s‘!‘:i :9 :"D.‘:;‘::';)‘u," 52 . 20% 64 aytag 12)c0ase ext Bull Movement Wi 23% 15w Mensel Company (3) N 9% 164 Mexican Seal Be Efficiently Managed. 33% 26% MiamiCopper (4)... 74% 53 Michigan Steel (3%). _30% 23% Mid-Continent P (2). 31% 294 24 % MiddleStatesOfict.. 10 21 1% BENONI ¥, SINGUAIR. 53 37 Midland Steel (3).... 1 45 45 Epecial Dispateh to The Star. 110 90 Midland Steel pf (8 1 102% 1025 NEW YORK, March 17.—Henry W. 22% 124 Minn Moline Pwr : 20% }:9- B MStPasSM. 28% 281 Hosford, Cleveland financier, thinks that e e S the recent sharp cuts in the discount| 100" 105" Mo Kan & Tex pECT): 1 106% 106% rates of the world’s central banks show [ 98 87 Missouri Pacific..... 1 $3 93 1455 134 Missouri Pac pf (B).. 4 140% 140 oo et A e e 30 MohawkC Mills (3).. z 50 29% capably managed during the next bull | 40 (o Monaants Ch (s1%). 5 40 4h market than it was during the last one.| 49% 3%% Montgomry Wrd (3). 61 44% 431 “The bulls now have the co-operation| 12's 3% Moon Motors, . 33 " 72 58 Morrell & Co (4.40). of the governments of the world,” is the 2 1% Mother Lode (40¢). ‘way Mr. Hosford explains thi.s,i ok 3‘_; .;,;3: :o:fi, w::.; T Asked his opinion regarding the| 20% ullins Mfg.. Shniiy; M- Hostorttieeplied s | 58% 45% Nash Motors (8) “Collateral loans are lower than they were November 15 in spite of a 75-point rise in the market. This indicates that the absorption of stocks has been by 8% 71 Nat Biscuit,n (2.80). European buyers, domestic capitalists| y3,, 720 NatCash Rem,A(14). 48 77% 76% 105% IUZh and large investment trusts instead of B4 49% 49 22‘» 25;*‘ ins. r- 1 21% 21% 6% s e ’“"""_°nh'j'"::':':w;‘:?1&3'_ 391 29 Nat Distillers (2). 2 46 36% 5 2% chases are not subject 189'e 137 National Lead (18).. 1 171% 171% 12 8 dation, so I do not see how we could| 467 32 NatlPwr&Lt(1)... 52 45% 44% 20% 15% have a substantial break in the market| 1, 1 NatlRysMex2dpf.. 11 1 1 164 1 until the public has bought stocks on| 122 2110 110 56% margin conunuuusly for two or three| g4 92% 92 643 months.” 4l% 35w NatTeaCo (2)iverea 85 34% 127 But several other shrewd market ob-| 323 2714 Nevada Copper (3).. i 26 2013 servers already have put up the danger sign, indicating that at present prices the market has discounted conditions 100 far ahead. ‘With the Nation-wide agreement—the first of its kind ever completed—be- iween the Plumbers’ and Steamfitters’ Union and the National Automatic Sprinkler Associition of the United States and Canada providing for a five- day week, the subject of the length of the working week comes again to the aront. The five-day week has been making much progress lately in union circles, Port Co A (3)... Newton Steel (3)...u N Y Alrbrake (3.60) .. N Y Central (8)..... N YChi&StL(6)... 35 NYDock....... 180 N Y & Harlem (5)... 108% NY NH & Hart (6).. 122 NYNH&Hpt (.. % N Y Ont& West, 1 N Y State Rallway 100 N Y Steam pf (6). 110 N Y Stewm 1st pf.(7) 226 Norfolk&Westn(10). 1 25 83 Norfolk&Wstn pf(4) 108 260% | 851y 3% N 230 especially in the bufiding trade. g e ol e fn A recent survey shows that the five- 100% North Am Ed pf (8)s 2 44 o day week already affects 58,000 carpen- 84 Northern Pac (5). H % ters in 12 cities; 40,000 painters in 25 e : o e cities, 29,000 building laborers in 11 ,ema 22,000 bricklayers in 14 cities, 22,000 electrical workers in 12 cities, 18,000 plasterers in 28 cities, 7,500 plumbers in 12 cities, 6,000 steamfitters in 12 cities, 6,500 lathers in 19 citles, 5500 structural ironworkers in 10 - 42 Northwestn Tel (3). 20s % Norwalk Tire&Rb.. 5 18% Oliver Farm Equip.. 2 31w Olivr FrEqevot(3). 5 47 Oppenheimer Col (5) 1 63 Orpheum Cir pf (5).. 20s B4l B2 280 Otis Elevator (2 1 i el ke B 9% Otis Elevator n(2%) 7 7 _cltles, 3000 marble setters in 6 118% Otis Elev pf (6)..... 208 cities, 2,500 elevator constructors in in 7 cities and 2,400 asbestor workers in 6 cities, The recent announcement of the Standard Oil Co. of New Jersey that it would reduce its refining to six-sevenths of what it has been dmng. retaining theé full seven days’ pay, is in line with the shorter week movement. Cutting down the number of work- 30% Otls Stee] (23). 52% Owens 111 Glunn(). 2 7 Pacific Coast 17'% Pacific Coast 15 52% Pacific Gas& £(2).. Y 72 Pacifie Lighting (3). 13 21 Pacific Mill: 1 1 Pacific Oil stub: icing. wages rtion- 150 Pacifio Tel & T (7).. 1308 9 2":"]: ‘l?gwer::r is no mluv.fimpgt the 15% Packard ll;mn: ). 80 1-;‘:-'_: 10,‘,& trial -Am Petroleum., 2 7 indus unemploymem problem. Egraey i Kb 19 15 Wayne D. Heydecker, secretary of the 4% Panhandle P&R.... 2 893 T8% Plan Association of New York, . 48% Paramount-F-L «4). 179 335 184 ml:.nnouneed that the industrial fa- 25 Park & Tilford (33).. 4 17% 15% available for the development of 2% Park Utah. e .t-y-,,. 60 Greater New York are more ade- 17% Parmelees Tt « B3 290 214 quate for an expected population of 20,- 2% Pathe Exchang . 3 85~ 47% 000,000 persons in 1965. 5 Pathe Exchange A 7 36% 29 here is not one of land 27 Patino Mines (3.89).. 4 63% b1y scarcity, so much as the intelligent use 64 Peerless Motor Car.. 3 189 166 of land. 26% Penick & Ford (1)... 4 68 60 Mr. Heydecker made a survey of 25 63% Penney (J8) (3).... 1 d: o of the large cities of the country and 6 Penn Dixie Cement.. & % % found that only 5 per cent of t.he total| 854 721 Pennsylvania RR(4). 12 3 3l area of these cities is used for 289 230 People'sGasChi(8). 7 THh 4 purposes, 25 per cent for nreeu' 10 fir 99 94% Pere Marq pr pf (5).. 10s 64 57 cent for parks and 10 per cent for 43% 38% Phelps Dodge (3). 1 95% 49% dustry, leaving 50 per cent of the land| 53% 50% PhilaCo6% pf(3).. 3 bdly 4B available for residential 17% 11% Phila& Read C& 1 2 46 T As the trend of the modern city to-| 27% 24% Phillips-Jones (3) 1 TH bl day h away from further centralization| 15% 8% Philip Morris (1) 2 3215 26l aM toward a gradual decentralization| 37% 29% Phillips Petrm (n2). 39 B2 65 of industrial activities, the pmbl!l;l ‘;{ 26 21&55 rn—&rlrnw A, "; 9% 8 planning has undergane a ra 2 1 lerce Ofl.... - 60 38 o 4 . 40 20% Pierce Oil pf. v 214 I8 244 In many ways New York, with her| 61 2% Pierce Petroleum.... 950 a8, 26 teeming millions, is one of the most ef-| 37% 33ls Pillsbury Flour (2). 1 s fectively planned cities in the world| 15% & Pitts Terminal Coal. 2 73 38% 22% 20% Pittston Company 4 33% 27% Poor & Co (B) (2)... 10 74 59% P RicanAm To (A)T 3 o 27% 12 PRicanAmTo (B).. 1 TRUSTS 103 97 Postal Tel&Cpf(7). 2 |NVESTMENT . 52 45 Prairie Ol & Gas(2). 2 YORK, March 17 (P).—Over the | 80 B4% Prllrl:‘fi.w:-('l) - % counter market: B0, Asked 1 : & | 10% 6% Prod & Refiner: 2 A anits. 6 30 | 38 21 Prod& Refinerspf.. 10 Alex, H-mflwn inv 4 18, 3%.,| 98% 81% PublicServ. NJ L3 ‘.9 241 23" | 112% 106 Pub Sve NJ pf (6) 1 41" 73 | 128% 121 TubSve NJ pf (7) 3 20 ‘3ii;| #9% 81% PullmanCorp (4).... 16 25%2 26'z| 25% 21% PureOll (1%).. 22 1% 17| BSh T4k Purity Bakeries W - 8 23 | 53% 34% Radio Corp. . 375 19 Radio-Kel 19| 43% 33 Raybestos Man2.60. 3 4 '| 141% 121 Reading (4). 12 | 62% 44% Real Silk (5) Hi 5% 3% Reis (R)&Co...0.. ....| 87 28 Rels (Robt) &Copf. 1 45, | 29% 25% Rem Rand (1.60).... 33 4’| 100 92 Reming-Rnd 1st (7). 2 Do Bl Tt AR i e Assoc Stand Oil lwcn Astor Financial A Bobs! @ 2 # 10 102 95 Reming-Rnd 2d (8).. 20s i 14% 10% Reo Motor Car (.80), 4 i 81 721 Repub Ir & Steel (4). 5 2015 | 11415 107 Rep Ir & St1 pf (7)... 8 931 3 23 Rever Cop & Brass. . g, 102 Revere Cop&B p: = 4 Reynolds Spring. 38 49% Revnolds Tob B (3). 60 2 220 Richfield O] 42).... 14 16 Rlo Grande Ofl (2).. 3v 447 Ritter Dent Mfg (13) 2 37% Itossia Inc (2.20).... 4 49% Roya) Dutch (23.20). 15 96 Safeway Storesies). 2 4814 St Joseph Lead (13), 1 % 107% St L-San Fran (8)... 92 St L-San Fran pf(6). 0. D! Chatham ' & Phebix ‘Atlied Chelsea Exchange Do. B Chemical Nut Assoc b Colonial Investors. & Cont Metro Bank Shares A A" 14 59% St L Southwestern Corporate Trust sr.!.r-- % 9% 24% Savage Arml 2). e Diversified Trusiee Shares A 247 Dividend ri 58% Sec Natl Inv pf (5). 3% z-,', Seneca Copper. 10% 7% Servel Inc. . 278 17" Sharp & Dohm 5 UDit of Lr: i Equity Al Gen'i Equity in stock. § Pay Granser Trade Incorp Eauities.. 4 Solvay Am In pf 5%+ Tide Wat Asso pf (6) “Limken Roller (3)... Tobacco Products 7% “Trdnscontinental Oil 16 Transue & W ( 30% Trico Prod (23%4) 4 War Bros P pf (2.20) 10:30 A.M.. The Star Office. Shubert Theatres. .. Stmmons Co (g3). Simms Fet (1.60). ... Sinclair Con Ofl (3).. Skelly O] (2)......0 Sloss Sheffleld Steel. I Sloss-Sheffield pf (7) Snider Packing... So Por Rico Sug (2).. Southern Cal Ed (2). Southern Pacific (§) Southern Rwy (8)... Spalding(AG) (2) Spalding 1st p£(7) Spang-Chalfant. .. Spang-Chalfnt pf(6) Sparks wnnnuxnu;. Sp! spl-ul-u- St'(3).. Stand Brands (1%). Stand Comm Tob. ... Stand Gas & El (3%) StandG& Epf (4).. Stand Invest Corp. .. Stand O of Cal (2%). Stand Oil Exp pt (5). 2 Stand OII N J (12)... 281 Stand Ofl N Y (L.60). 20 1 12 Sterling Seccv pt(3) 3 Stew-Warner (h3%) 13 Stone & Webster (4). 6 Studebaker Co (6) Sun Ol (11). Sun Oil pf (6). Supertor O1 Superior Steel. Symington. . Symingion (A) Telauto Cp (11.26)..y 1 TexPC&O lleS]- Texas Pac Land T Thatcher Mfg (1 The Kair pt (7). Third Avenue. Thompsn Prod(2.40) Tide Water Asso 60c. “Tide Water Oil (80c) . Timken Det Ax(80¢). acco Products. .. Transecontl Ofl 0¢) Twin City Rp T (4).s Und-gil-Fisher (5).. Union Carbide (2.60) Union Oil of Cal (32) njon Pacific (10). .. nion Pacific pf (4). Union T'k Car (1.60) Utd Alrcrafi& Trans. Utd Afrcraft&T pf 3., Utd Blscuit (1.60) Utd Carbon (2). Utd Clgar Stores, Utd Corporation Utd Corp pt (3). United Elec Coal. s United Frult (4).. Utd Gas & Imp(1.: lll) Utd Gas & Im pf (5).. Utd Paperboard. United Stor us b‘uuht (l). U S Hoftman (2) S Leather A....... Leather pr pf (1) Pipe & Fdry (2). Pipe 1st pf (1.20) Realty (5).. Rubber. . Rubber 1st pf. .. S Smelt Ref (334).. R)-l priy ececaasce BREBNREBY w c w 2 Univ Pipe & Ra Util Pwr&Lt A (e2) Vadsco Sales Corp. Vadsco Sales pf (7).. Vanadium (f4). Van Raalte 1st pf. Vick Chemical (23%). Virginia-Car Chem Virginia-Car 6% pf. Vulcan Detinning (1) Vulean Detin pt (1). Waldorf Sysum (1 *) Walworth Co (2).... Ward Baking B. Warner Bros Ple “)- Warner-Quinlan (1). n Bros (19)... Warren Bros 1st (3). errfll Fy&Pipe(1). Westn Dairy (B).... wuurn u-ryuna. - w.-m-n Union (8) tinghse A B (2) tinghse K&M (5. ton £1 ins (1) n El A (2) Wextark Radio (2). White Eagle Ol (2) White Motors (2). White Rock M 8 (14) White Sewing Mach. Wilcox Rich (A) 23%. Wileox Rich, B (2)... Willys-Over (1.20).. Woolworth (2.40)... Worthington Pump.. Worth Pump B (6).. Wrigley Wm (4) Yale & Towne (16).., Yellow Truck & C. Young Spring (3).... Young Sheet & T (. Zen1tH Radlo. . RIGHTS EXP] Am Roll M. 26 ChiR1&P 64 Fox Film....April— 90 “ilm db.Apr — 102 Fox Int Tel&Tel. . May 1 261 Pac Lightg..May 1 22 Pac T & T....Mar 313008 % SoCal £d.... .Apr21 2 Sales of Stocks on New York lnnu.. « 404,200 12:00 Noon + 2.228.200 2:10 P.M.. les as given In the avOVe payments based on the la D oaiee Ate the -nnuu casn quarterly or. st ‘ading less than 100 shares. 1 -ru. exr.u ‘able in scrip. 1 Plus 9% Bales— 1 Dividend Rate. Add 00. High. Low. Shell Un Oll pf (6%) f l?_Zl.V: 6an | W Vndh eaned. npu. stoc stock. o Plus 8% 1n stock. s hin 35 in s k nPl © Subject to ‘:;:M\'ll ot Incorp Investors. 58 Plus 2% in 485 36% Shattuck(FG)(1134) i )n&-lm:nl Co. of 33 23% 21 Sheil Unfon (1. 40)... 2'."" 5[::’;)\0‘?6!::“ lus 5% In stock, !nveflm en 1 Ipvestors” Trustee Shares: 19% Kezaicas Juaet A of ‘De » Heifers—Choice to prime, none; uood‘i:itfl‘-g, No. 3, white domestic, Mass Investors’ Trust. i wo-:hgigs' 1000 to 11.00; medium_ to | 52a521. - 7 80 to 10.00; fair to medium, - P B0 5100; latn 10 Talr. 7,00 4o 5.00; come Rye—Nearby, 75880, No T @ 10 mon to plain, 6.00 to 7.00. Old Colony_Invest Tr com. 18 | spectal Dispatch to The Star. | Fresh cows and springers, $60 to $150. Oil Shares Inc Units. Overseas Secur Inc. 25 BALTIMORE, Md., March 17—Po-| Sheep and lambs—Receipts, Petroleum Trad A : 25 | head; moderate supply; market stead: tatoes. white, 100 pounds, 2.2582.75; upply: t steady. Fover & Lignt sec Truio o 31 8, | SO0 potatoes, barrel, 2.0043.00; yams, | Sheep, 200 to 6.00; lambs, 6.50 to 12.50. | i yduqiations by grades. Reynolds Invest (new) com... . 8 9121 barrel, 2.00a3. beets, crate, zsonl Hogs—Receipts, 3,600 head: muderau e Brogh gxer nrm‘( £iand Colit Trus? Shnesv s 3| 300; beans, hamper, 450a5.00; cab- | supply; market shotty. Lights, 1135 10,1 ity B D 10 12 |bage, hamper, 7521.00; carrof el;nes 10.75 to 11.1i 107 137 | 2,0024.50; lettuc - | kale, bushel, 65a75; onions, 100 pounds, | Ca! 1.50a1.75; peppers, crate, 3.00a5.50; suvply. market steady. Calves, parsnips, basket, 30a40; spinach, bushel, | 14. 25a35; squash, bushel, 3.0024.50; toma- Dairy Market. toes, crate, 2.0025.00: turnips, hamper, Do. B Units... 0 United” Pounders U5 Blec Lt & Pow Shlrrl A 0 T 8 Share 5o [, }"uck supplying most requi | NEW YORK BANK STOCKS. 700 to| NEW YORK, Ma —over- | B rch - the-counter market: IOy {ash 58 |710a1.15; caulifiower, crate, n:! to roughs, 7.50 to 9.6 iois 20| celery, crate, 2.00a2.75; eggplants, crate, light pigs. 10.00 to 10.50; pigs, 11.00 basket, 1.50a3.00; |to 11.20. ves—Receipts, 650 head; moderate | 1,000 | 28% 29 les, bushel, 75a3.00; grape-| FPoultry, alive—Turkeys, pound, 34a40; |5y epcq o D sad T, ‘oranyes, box 300 |old toms, 27a28; chickens, young, 32a BRED & 7 = s 5.50; strawberries, quart, 25a45. | 40; Leghorns, 36a38; old roosters, l'ln‘cr‘:ew“n"m O facipties tnv.. B Live Stock Market. 20; capons, 32a38; ducks, 17a30; old | Glib' \hhen! Feupier Coro “uni 3 4 | cattle—Receipts, 200 head; light sup- | hens, 29a31; Leghorns, 20a28; guinea |Eifth Ave's o Dl}'s 5 m“k“hzwlu.dm el e fowls, each, 40a65; plgeons, palr, 30a35. | Harnman, N Nm cers—C| prime, i FOREIGN EXCHANGE. to cholce, 12.00 to 12.75; medium to n:m“‘::}\l;‘:"‘:gfie B i (Quotations lurnuh:d by W.B. Hibbs & Co.) de 11.00 to 11.75; fair to medium, tter—Good to fancy creamery, |Bankers . N L Bt | 1000, mon. J‘;}:‘m“’"‘;‘fi, 925 1 | ound. ssadbr: ladies, Ita3d; SLoié | S HSEoL : com: e e abie. mons good to | picked, “18a10 " roll,” 35a28; Process, | Sor Exch. choice, 9.00 to 10.00; medium to . gn“w::llev 850 to 9.00; fair to medium, Hay and Grain Prices. fiving 8.50; plltn to tnu-. ’lbo to 8.00; wm- Wheat—No. 2 _red Winter, export, | Manufactu mon to plain, 7.00 to 7.50. 1.08; No. 2 red Winter, garlicky, spot, | Sated hiaics Cows—Choice to to choice, 8.00 to IBO‘ medlum to oy = 7.00: plain to fair, 55« to 6.00; com-|94a95; cob corn, new. 4| kholm, erown.... ] mon to plain, 4.00 to 5.00. ) Oats—No. 2, whiie, prime, none; good | 1.07; lllrch. 1.07; No. 3, garlicky, no 7.00 to 7.50; fair to medium, 6.50 to carn-Nu 2 dome&l!cfi}'cllow, new, -mesiie, spob, | dian Co |quired a contre Hay—Receipts, 47 tons; no change in | Ba{HA" o ‘Cacedn 58 1057 5. 10 ‘ market; some little hay is m‘vm" but Bell.lthtm Steel CO]‘D 55 1931 . 100 hardly encugh upon which to estab- Better grades | G, ed are selling 8 5 a3 £ g 3 e #5 £ SHEadEREE = Liquid Carbonic Corporation has ac-* ne interest in Cana- reported to have Micen generally well STAR, ‘WASHINGTON. D. C, MONDAY, MARCH 17, ADVANCE IN BOND @BONDSE ‘AUTUMI]BllE TRADE " REVVAL PLANNED Upturn Shown in Industry? as Junking Committee Starts Work. PRIGES EXTENDED Semi-Speculative Industrials, Junior Rails and Foreign Groups Active. BY F. H. RICHARDSON, Special Dispatch to The Star. NEW YORK, March 17.—With vol- ume only slightly less than the record days of Friday and Saturday of last week, the bond market today continued its march into new high ground. There was no quotable difference in time money—the rate still standing at 4 to 4% per cent for 90-day accommoda- tions—but it was in plentiful supply and a further easing was indicated. High-grade issues, now at their high- est prices of the year and some of them at their best levels since 1928, were neglected today in favor of semi- speculative industrials, junior railroad bonds and foreign dollar credits. New offerings totaled $22,765,000, the largest item being $15,000,000 Wabash Railway Co. 5 per cent due in 1980. The issue was priced at 1001, and is call- able at 105, only as a whole, after April 1, 1940, until April 1, 1975, and there- after at par plus a premium of 4 of 1 per cent for each six-month period be- tween the call date and maturity. The books were closed shortly after opening and the bonds were traded at Municipal bonds continued to marked up, most of today's new 5- | municipals being offered at par or bet; tter. Active buying of the second grade “* railroad types forced some of them to new highs, including St. Paul adjust- ments, Denver & Rio Grande 5s, Mis- souri-Kansas-Texas 4'5s, Frisco 4ls, “ | Southern Railway General 4s, Atlantic Gulf & West Indies 5s and Boston & Maine 5s. There were also ad- vances in Chicago & Eastern Illinois 5s, Chicago & Great Western 4s, Erie refunding 5s, Missouri-Pacific 5155, Seaboard Afr Line 6s, Wabash 414s and Western Maryland 4s. Among industrials, new highs were made by American Natural Gas 6'4s, Fisk 8s, Pathe 7s, International Mer- cantile Marine 65, Hudson Coal 5, Dodge 6s, Armour of Delaware 5, Goodyear 5s and U. S. Rubber 5s. Ofls the translt unification scheme Washmgton Stock Exchange . SALES. ‘Washington Gas 6s “B"—$3.000 at 105. 81. 10 at 8035, 5 at 80. Peoples’ Drug Stores pfd.—2 at 1044, 10 at 10415 Real Estate Mbgr & Guar. pfd.—40at 7. AFTER CALL. Mergenthaler Linotype — 10 at 107, 10 at 107, 5 at 10714, Bid and Asked Prices. PUBLIC UTILITY. Bid. Asked Amer. Tel. & Telga. 4135 '33... 10013 Amer. Tel, & Telga: 4125 30.. 156 Am: Tl & Tel. efl tr 104 Anacostia & Pof. R. R. 8212 Anacostia & Pot. euar: S5 9213 & 1 of Va. 5. 00 Potomac Elec. 65 1953 106 ash.. Alex. & Mt. \ltrnofin s 3 . Gas 6s, series A . Gas 5. series B. . Rwy. & Elec. 4s. i MISCELLANEOUS. Barber & Ross. Inc. 625 Cham.-Vanblt, Hotel, 6125 Ghevs Chase Club 5 r Mfg. 65 Pot’soime Stock Ld: a P Marer Cod. Storase sx M Wash Cons. Title 6s. ¥ 80 92i; STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga. Gapital Traction Co.. ton Gas Ligh Rwy. & Flec. p 5 Balio & Annap. ¢om.. _Sia Balto. & Annap. pid.. T NATIONAL BANK. National Capit 300 Columbia .. 3 Gommercial 30 | District 230 Federal-American . 289 300 Liberty .. 200 210 Lincoln 380 430 National Mmmwx 375 385 Riggs .. 520 535 00 216 o4 | Ntional Bank of Washinston . 280 260 TRUST COMPANY. | American Security & Trust Co.. 423 440 Continental Trust. i Merchants' Bank. National Savings & Trust. Union Trust Washington Loan & Trust. SAVINGS BANK East Washington Potomac 65 7 Security Savings & Commerciai 487 500 Seventh Street 305 United Sta Wachinston ‘Mechanics FIRE INSURANCE. 3 American Corcoran . Firem Rational® Utiio TITLE INSURANCE. Columbla Title. Real Estate Titie. ... Title & Inv. of Md. com MISCELLANEOUS. Barber & Ross, Inc. com. 16 43ig 27 i 4 Emerson_ Bromo Seltzer 34 Federal Storage pfd,............ 110 Foderal-American Co. ' com. Federal-American pfd.. Lanston Monotype 1 Merchants' Transter_ & smu:e 2 prd... 1 Merchants’ Tran. & Stos erconthaler | Linotype - Natl Mtge. & inv. pfd... Peoples Drig Stores pld... & Guar. prd. The Garpel. , Cor. Wash. Mech. Mtge. com. Wash: Meahca) Bhdn: Corp. Woodward & Lothrop pfd... *Ex dividend SHORT-TERM SECURITIES. (Reported by J. & W. !uli:mla‘& co Qfter. Al ealmeT® O%el 5108 10is 108 * o 2s 1043 Merican 535 1038 ... 9 Pet. Corp. 3'2s 1938 101 o Ry alas 1908, 90rs d_ T Tk of Clh‘llél 651636 lg: Fun b ou'x?l &ll Ba- 54 1037 100 Totarnato Match Sarp. B b4 00 C.l & St. L. 6s 1932 102 & Coke 4128 1930 01 ips Vas re Ofl Colb 5‘:' mn l§ nion Oil Co. 55 1947 !Inchlr Crude 01l Co. 5‘15 1938 OIl N. Jersey 55 1946. Oll N, York 4125 1048, Mt. & So. Ry. 5s 1931 So uthwes em R! Gl 1932 S Iu & Co. 5 ‘l. 2 Wheeling Steel Corp. 575 Wheeling Steel Corp. qf 948 1953 "01ha PARIS BOURSE muct:s tl!y on the bourse 60_centimes, centimes. The dollar was quotf francs 56% centimes, Chti Edinburgh’s 152 drinking clubs are conducted in the JAst year, UNITED STATES. (Sales are 1o $1.000.) 7 10116 10112 1021 10130 10118 10112 10120 10116 10830 108 30 51 26 10 Argentine 5s... Argentine 6sJu 69.. Argentine May 61.. Argentine 6s Oct §9 Argentine 5%s 63. . > Australia 4%s EC. . A 3 a point premium on the curb txchnng';e. 2s Chile 73 1943. Czecho 85 1952, Danish Munic 8s B. Denmark 4%s Denmark 68 55 s DE 15%s Mch 52.. DE16%s Nov53.. Dutch East 1 El Salvador 8 Fiat 7s war 48. Fiat 78 ex war 4 Finland 51%s. Finland s £ 63 ¢5... and Sugars were strong. New York City tractions were active and at new high levels on reports of progress with German Bank 6s°3. German E1 P 6§ Hungary 1%s Irish Free State 6s. .2 Capital Traction Co.—17 at 8134, 10 at Itallan Pub 8 7 Japanese 6%: . Jugoslavia Bank 7s 25 Karstadt 6s1943... 22 Kreuger&To'l bsct 142 Mex 45 1904 asn Montevideo 7; Norway 6s 194 Norway 68 194 Norway 6%s 1952. Orient Dev'mt Paris-Ly-Med Paris-Ly-Med 7s. Paris Orleans §%a. Poland 6s 40. Porto Alegre Queensland 6 Queensland 7 Rnine Wst EP Rhine West 63 53. . Rhine Wst EP 7 Rito Gr do Su! | Rio Gr Do Sul 8s. Rome 6%43s. . Sao Paulo 1950 Saxon (PW) 7. - | Serbs Cr Sloy | Serbs Crot Slo Snmeyeuu ('/n 62, Swiss 6148 194 Swiss Confed 8 | Tono £1 Pow 6s 32, Toho El Pow e PRETOD RORARRR LS Sl E® we Tokio 5%s 1961. | Utd Kingm 6%s 37, Unt S S Copen 6337 Uruguay 6s 1960... Vienna 6s 52. Warsaw 7s 62. MISCELLANEOUS. AbItIbl Pa&P b8 *53 Abram&Straus 5% 6 99% Ajax-Rubber 8s.... Alleghany Cp bs 44 Alleghany 6s 49, Allls Chalmrs bs '37 Am Agri Chem T%s Am Chain 6s33. ... AmChem 6%scv 49 2; Am Int Cor 638 49 Am Nat Gas 6%s 42 : Am Smit & R 1st bs Am Sugar Ref 6; Am T&T cv 4%, Am Tel&Teleg 68'65100 AmT&Tstés..,. Am Tel & Tel 6%. . Am Wrtg Pap 6s 47 Armour&Co 4%s 39 Armour Del 5%4s. At] Gulf 5369, Atlantic Refin 58 Bell Tel Pa 6s B, Bell Tel Pa §s C, Beth Steel rf 6s. ... Bethlehm Stl pm bs. Bush Term Bldg bs. Certn-Td 6%s rots. o na P T=CE i =TS CIeyer ConGasN Y 6%s.. Consumers Pow 6. wa EEIP RN T Duguesne 4 l&l 7. East Cuba Sug 1%. Gen Cable 6% s 47 Gen Mot Ac Cor - Hoe & Co 6. | Humble O & R 6s. . Humble O & R 6%s Inland St1 4%s Intl Cement 6s 48 Int] Match 68 47, Int Mer Mar 6s. Int Paper 6s 47 Inter Paper 6 Int Tel & Tel 43%s. . Int Tel&Tel 43430\ Tntl Tel&Tal bs '55. Kan City P & Lt 68, Kan G & E6s 62. vOuRD BT ARIS, March 17 (#).—Prices were y. ‘Three per cent rentes, 87 francs 20 centimes. Five per cent loan, 102 francs Exchange on London, 124 francs 28 z/§ Lackawanna Stl 6s. Lautare Nitrate €s. Ligget&Myers 6s 51 Ligxett & Myers 7s. Close. 100 10 10116 10130 101 14 10120 106 6 108 30 . Low. Close 5 IRTH 99 291 991 94% 94y 90% 106% 107 100% 110% 110 109% 93 101 105% 101% 1017% 102% 103% 103% 12% 93% 101% 4 104% 9% 84% 84% 100% 1021% 94% 98 100 91U 101% '101‘6 83 102% 102‘6 119% 119% N 7 118W " FINANCIAL. Jes. Hisn Loew’s 6s w o wn.n‘s Lorillard 6 b'l Lorillard 6 %48 931 92% 934 Lorillard (P) 7s. 6110 Lou Gas & El 6s 1102 Manat! Sugar 7%s. 5 77 McC'rmick ER 6 z Montana Pow 43. 3 102 09 27 114 100 4111 North Am Edis 6s.. 17 Nor Ohio Tr&L PacT&T1 Pan Amer Pete 6s. Paramount 63 1947. 1 Pathe Exchange 7s. Peoples Gas 6 Phila Co 68 61... Phila & Read 6549, 4 97 Phillips Petro 5%s. 16 941% Plilsbury FF M 643 1 104 Por Ric Am Tob 6s. 2 94% Postal Tel & C 6% Pressed Stl Car bs. Pub Serv G 4%5'67 7 Pub Serv Gas 4%s. 60 Pure Ol p%8'37... &1 Rem Rnd 6% war., 26 Richfleld Ofl 68 44.. 11 Sinclair Of1 17 100% 100% 100% Stnelair O11 13 101% 101 Sinclair O 30 104 Stinclair Crue 13 Sin Pipe Line 5 9% Skelly Of1 6% 9415 9315 93% South Bell Tel 2 103% 1034 105% Southwest Bell 6s. . Stand OfI N J 4 Stand OII N Y 4%4s. ‘Tenn Cop 63 B 44 105 974 United Drug 96 Utllities Pow 6%, Walworth 6145 36. . Warner Sug 75 39.. Warner Sug 75 41... War Quinland 6s 39 Western Elec b Westn Union 63 61. tn Unfon 6% Whits Eacls 0% 50 b 1056% 105% 105% 85 108% 102% 103% 103% 103 109% 103% 103% DA Wick-Spen cv 7s... 34% Wilson & Co 1st Win Repeat Ar 7%s 1 100 Youngstn S& T 6s. 13 102% 102'% 102% RAILROAD. Ann Arbor 4s. 7 95 43. Atl & Dan 1st4s43. 15 65 AtlanticCL 1st4s. 1 93% AtlanticCL 4%s 64 17 93% 93% 93% 5 93% 0314 -‘ Bal & Oh 4148 cv '60230 101% 101'% 101% 41 100% 99% 100 Balto&Ohto gold 4 5 104 1 94% 133 100% s 11 40 25 94 Bklyn Manhat'és.. 65 99% Bklyn Un El6ssta.. 1 85% Buff R& Pitts 44, 4 94 gn Nat4%s'5é.... 2 95 n Nat 4%s b 19 95 Can Nat 4%s "6 944 Can Natl 58 July '69 16 102 Can Natl 58 Oct ‘69 42 1024 m L3 lm" 51 A Can Nor 4% 1936.. 5 10p Can Nor 7s. 10 111% Can Pac deb Cent Pac 4s. Can Pac 4%s 46. Can Pacific ctfs bs. Ches & O 4%893 A, 97y Ch&O4%s B199%5, 26 97% Chi & Alton 3%s... 25 65 Chi B&Q gen 4s63.. 5 CB&Q4%s17B.. 1;43 g:'fi 22 8T 2 95% 19 95 CMSP&Pac 0dj5803227 T4% Ch1 & NW gends... 9 91% ChiN W4%4s2037. 1 99 Chi& N W con4%a 70 101% 100% 12{1;. « 1107 38 978 1%s...106 96 Chi St P&O 68 30... Chi Union Sta 5s 44 2 103 99% 4 81 9 94% 27 64 17 93% 6 104 31 98w DRG& Wst Krie 1st cons rie conv £ 4 101 Fla East C 68 74. GtNor4% Green B& Wdeb.. 2 27 Hud & Man a) 68, 32 82 Hud & Man ref « 5 98% 111 Cent 45 63. 22 9% 111 Cent ref 18 93% 111 Cent 4% 10 100% 100 111 Cent rf 63 55 111-C-C-StL&NO Int Rapid Tr-nspia- Int Rap Tr b8 -m'/. Int Rapld Tran: 58% Int Rapid Trans 9% Int& G Nor 61956 7 94k Int & G Nor adj 6: 4 Int &G Nor 1st6s.. 1 104 Int RysC A bs. 11 8% Int RysCA 6s41.. Int Rys CA 6%sre. 20 Towa Cent 1st 4 Kan Clty Ft S 4s. 9 9y Kan City Term 4 1901 Lake Shore 4s'31.. 3 991 Lehigh Valley 6320 9 109% 1069. lou» 3 99 Long 18 58 37.. 20 96 Louis&Nash nul ¢s. L&N4%82003.... 15 98% 98% 98% Louis & Nash 68 B.. 1 10415 104% 104% Louis & Nash 6%s. 1 106% 106% 106% Louls & Nash 7s... 3 100% 100% 100% Man Ry 15t 48 90... 27 59 Market St 78 40 1 93 3 93 Mil El Ry & L 6 6 3 100% 100% 100% 1 Minn & StL en M St P&SSM cn 4; MStp&SSMenSs. 8 95% Minn StP & SSM 6s. 1 98% Mo Pacific nl . 36 111 . 12 79 28 10714 8 10 1011 101 mm 101'!, Mlm 104% 1045 uu’f.’ BY LEMUEL F. PARTON. Special Dispatch to The Star. DETROIT, March 17.—Two years ago Maynard Keynes, British economist and author of “The Economic Consequences of the Peace,” predicted in the London Nation~and Atheneum that the Ameri- can bull market would last until just about six months after Henry Ford got into full production. ‘The astonishing fulfillment of prophecy was an additional detail of a convincing body of evidence tending to prove that automobile manufacturing and distributing is the key process of American business. An instrument board indicator which would record manufac- tures, employment and sales also would be a barometer of business conditions. 107% 107 . 1023 102% 102% No Am Ed6%s63. 48 1031 102% 102% 1 101% 100% 101% * 5 102 102% 102%% 17 100% 100 Upturn Is Shown. Today, in Detroit, automobile capital of America, figures are available which show, on their face, an upturn in the automobile industry. For the week end- ing December 7, 1929, after the market smash, there were employed 172,079. Thus the last week of production shows an increase of 24,397, or 14.2 per cent in the number of persons employed. As to what extent this increase is off- set by part-time employment, or other information is meager and conflicting. Neither State nor Fed- eral bureau or the manufacturers them- selves will go beyond the figures as they ind. While this bit of statistical nourish- ment may be taken at its face value. Detroit is now the testing laboratory for new plans of organization, opera- n and distribution far 'ntal than the readjust- 1f these changes work . the automobile will pace the in- dusl{ill par%de T’lth Ahml:'e ev:: tem; no longer forging ahead or dropping behind its business cohorts. The wheels of the factories are to be meshed more closely in the rack and pinion of eco- nomic safety and stability. Some of these adjustments are fun- damental and some are palliative. With ample credit reserves to tide it over a period of depression, the automo- bile industry is moving ahead con- fidently, but naturally is concentrating on immediate necessities and possibili- ties. Among these is the propose: expenditure of about $15,000,000 during 1930 to junk 400.000 used cars. automobile is the key to national busi- ness, the used car trade is the key to prosperity in the automobile industry. Junking Committee. R. H. Grant is chairman of a com- mittee to carry through the junking plan. Other members are C. H. Bliss, J. E. Fields, Paul G. Hoffman, H. W. Peters, Courtney Johnson and Edward junking cars emnmvely}“ spots $50, the company $50 spavined old trade-in, ditioned value is doubtful anyway, to the graveyard. But there is plzmy of acute competition in the automobile industry and not only this junking process but the other stimulating treat- i ments will depend on a mobfll-(km of diverse mumu ina 991 981 98y 3 4103% 103% 103'2 7 7 . 10 100% 100% 100% Tenn ElecPow8s 47 8 1071 107 Tex Corp ev 55 1944 23 103% 102% 103% Transcontl Ofl 63%s 41 100% 100 4 87% 8w 100% 100 1001 | ualifications, tion, product] ment of 1921. 100% 100 1 81% 814 15 135% 135% 135% 32 104% 104 1 104% 104'% 1041 17 110% 110 ' 18 104% 103% 104% 1 86% 86l 2 93% 93'% 2 100 99% 100 2 102% 102% 102% 3 105% 105% 105% 7 101% 101 1 104% 104% 104% 60 100% 100 4 100% 100% highly concen- g ‘the trade channels with a sledge and crowbar is admit; of the palliative measures, but carried on to a sufficient degree it will hfilp cl?l;r thhle “{e&: new sales. While oil wel ve capped, peaches have been allowed to rot on the ground !l'lld fish have been thrown back into e sea on account of ove this is probably the firsc um“:‘i 14 | pensive machinery has been smashed up to redress the unfavorable balance of production against distribution. things understood: l m.m !D(I'i 103% industry want two First, that the cars which will be junked will be the vete- rans which will be better off the road anyway, and second, that higher nar ratio and horsepower are speeding traffic to a degree which makes the longer : safe ]r!'l:cel adjusted to a swifter stream. saw the first arrest for slow drlvlnl There are many records of disastrous accidents due to slow, clumsy and in- tractable old cars. (Copyright, 1930.) TREASURY CERTIFICATES. rrupoma by & “w. sell rit 1930 1 109% 109'% 1 100% 100% mgw 5 91% 91% 91% 1 100% 100% 100% | ChiTHinc6s60... 5 931 9315 93 3 90% 89% 2 1047 104% 104% | 27 99% 99% 99% | 4 108% 108',4 ms 3 100% 100% 100! 5 95% 9% o 5 9¥% 98% 98% 981y 3 93% 93% 934 Fast Tenn Va&Gabs 4 104% 104% 104% 1 8% ¥86% %6%|NYOntW istds.. ¥3% | N Y Raflway 6s. NY StateRy 6% 62 NY Sus&Wn 68 37, Nor& Sgenbsb4.. 23 ¥3% 83 3 96% 951% 96 6 55% 55 Fonda J&G 4%363. 1 32% 32% 324 Gr Trunkstdbés.. 6 106% 105 Y B, 5 97% 97% 9Tl 110% 110% 110% Gt Nor gen 7s. 112% 112 Ore Short Len 5x. . Ore Short L 5s gtd. Ore Wash 1st 4 Penna zen 4%s. 5 1064 106% 106% 1 105% 105% 105% Peredtara 1 Philippine RR 4s. L Readine zen 4%s A. Rio G West ¢l 4 ¢|RTATk& L 4%s St L TM&S #n 5x°31 1 St L TM&S R&G 4s. 35 98 StP& KCEhLl“.. San A & Arn Pds.. Seab AL adj 55 49.. Seab AL con és.... T ‘35 A % 90% | Term Asso SL 4s. 5% 95% | Texass Pactfi] |u. MStP&SSM 6sgtd. 9 981 97T 97% | Tex & Pao6sC 7 96t 981 | Third Ave ref 4a 6 MStP&SSM6%s. 4 100% 100% 100% | Third Ave ad) & MK&T4sB...... 25 88% 8815 881 Tol StL & W 4s 50. MK&TprinbsA. 9 103% 103% 103% | Tol Tr L&P 5%8 30 ll lm IWK IMK Ulster & Del ds 52.. 55 | 55 Union Pactfio 1at de 46 961 98w 961 o 110% 110% | gnion Pas 4%s. 22 8% 18 6 101% 101 69 100% 100 40 100% 100% 100% 2 9% II ” 1 109% IM 109% 20 105% 105% 105% 2 1005 100% 100% m‘x‘:‘“"“ 25 94 93 93 102% 1m 102% 2’ 101% 100% 101% 22 83% 83 83 108% | yirginia Rv 18t ot | VY RY &P 6 98% 5 100% 100% 1 4 107% 107 5 107% 10T% IO'I% 7 Went M B B ""‘ Wt Prcific 107% West Shore S