Evening Star Newspaper, March 20, 1930, Page 14

THE EVENING STAR, WASHINGTON, D. C, THURSDAY, MARCH 20, 1930. EINANCLEALS |UPSWING IN BONDS | [ox-ze= wons BONDS emocx scaer] |G LEGE TRAINING A—14 *x» FINANCIAL. NEW YORK STOCK EXCHANGE :NEW AUTOMOBILE Watchword in Plan to Curb Oversupply. : . . b . BY LEMUEL F. PARTON. Bpecial Dispatch to The Star. . DETROIT, March 19.—The latest “census reports show $1,965310,508 of capital invested in automobile manufac- turing and & wholesale value of pas- ‘senger cars and trucks of $3,162,798,880. Against this there are only about $60,- 000.600 of bonds oullh‘ndlz On this showing, the it structure of the automobile industry is strnoger than that of any other major industry. ‘Meat packing, the second largest indus- try, is carrying about $500,000,000 in bonds; steel bonds are nearly $600,000.- * 000; the ofl industry is ca crfim ltm\- larly heavy issues. Great have given automobile mnullcmrlnx a momentum and an assurance wl is carrying it hopefully through a period of depression, and they also give it a working margin with which to make basic ¢l and readjustments. “Controlled Output.” “Controlled output” is the new llogln for 1930, but many sheaves of lead cils are being worn out on the prol g of controlled distribution also. In the _past_not only automobile manufactur- ers but others have met renctkém‘br: evangelical campaigns among deale -nd fiambumrs The method has been t the boys together at a banquet ie h pressure sales conference and inlect them with a man-eating ferocity cllcullud to let mo helpless buyer . Overmducmm had the effect of :sudden distensions in sales channels. D Any one concerned with nationally rchandised products knows that | along about last September there wasn't ‘a s&u manager in the United States who wasn't looking for an eighteenth- tory window to jup out of. The new policy of the automobile in- * dustry lays aside the bull whip and will ~mo longer depend upon the high-pres- sure salesmen of the industry to warm .up the dealers. The industry suddenly “faced the fact that prices couldn’t be “ lowered and sales volume mnlnulned by shaving dealers’ discounts. D‘llfl!' Problems. meg B B2 nlwd tates, there has n_consid- U demoralization duming the last .re' mom.hn and an_increase in the practice of ‘“bootlegging” new cars— .that is, picking them up from forced _sales or from individuals wanting to ‘welsh on a contract at less than the wholesale price The dealers had to be .geared into the unified ‘manufacturing and distributing process, with a nore . sympathetic understanding of their re- *'quirements for security in their - mess. This is being dfln:, and it con- stitutes one of the most important re- .adjustments in the industry. ‘Warren E. Griffith, former president ‘of the National Automobile Dealers’ As- socutwn in confersnce with leaders of the industry, has formulated the imme- diate requirements for sound distribu- 10 Hon uhmlel to keep‘p;oductlnn |\l:: ‘under consumption, with a complef ,abandonment of the old practice of v rkl‘d!nl dealers. j return to the closed urrltoryd;nld of the fleet buyers' dis- - count, giving ‘the Small dealer a better :chance to compete. Fewer Model Changes. That virtually outlines the new dis- , with the exception of ‘There is much inion about this. Alfred Tmlm of the National Commerce, dissents rply are_necessary ln '-he pe] , that's l.ll M is to it. ! stay in hm without frequent model .e res concurred in the view that !heindumywmwunmm e needs * of the dealer. : (Copyright. 1930.) :MOTORS’ ASSETS UP $81,994,895 IN 1929 85! : 304 . Annual Report of Corporation Also| 99 Shows $110,000,000 Gain in Investments. Special Dispatch to The Star. NEW YORK, March 20.—Assets of the General creased during the year, Isnd.llc early in February by Alfred P. Sloan, f, pre-lflent based upon preliminary The net earnings declined by $28,- 2185846 from the 1928 total, showing Searnings on the common smck after the Jdividend requirements for the two "classes of stock, of $5.49 a share, com- .pared with $6.14 a share in 1928. Total current assets as of Decem- ber 31, 1929, were $368,960,944, as com- _pared ‘with the same item’of $468,809,- 2287 on December 31, 1928. Total cur- arent liabilities also showed a decrease, “standing at $117,673,163 at the end of 71929, as compared with $173,020,982 the previous year. Investments at the end 'nf 1929 stood at $277,199,918, cr/mpnred < with $167,872,316, with more than $90,- +000.000 of the increase represent| in- vestments in subsidiary or affillated scompanies not consolidated with the ;corporation. ‘The remainder of the in- Jcrease in investments went into General «Motors stock held in the treasury for . various corporate purposes. : NEW YORK BANK STOCKS. NEW YORK, March 20 (#).—Over *the counter market: : Ammu “Char Ph!mx Nati. sity Nat) *Pifth A First Nati N ¥ ‘Harriman Natl. Bankers ... “Cent Hanover . Bk & . Chem *Eorn maen un! *Batftebre 25 258! : FOREIGN EXCHANGE. : (Quotations turnighed oy W. 8 id Sel v 3 LR, ‘.;h:' it Puris, fr; gl ' Warsaw. zloty .. Sopenbasen, Os! tockhoim, ngo. €rown (nom: i own. POLICIES ADOPTED| “Controlled Output” Is Now Received by Private Wire Direct to The Star Office. 52% Liquid Carbonie (4. 42% Loew’s, Ine (3) Loew's, Ine pf (6%) . Loowe-Wiles (12 164 Loriliard () Co. 128 3 38U 32% 40% Ludium Steel (2) McCall Corp (23%) Mclntyre Pore M(1). McKeespt T P(1434). ranumnmrasnnSonnmeeBan e SR uunEane Man Shirt (2). Maracaibo O1l Bxi May Dept Strs (n3).. Maytag Co (13) Maytag Co pt ( Maytag Co 1st pf(§. Mengel Company (3) Metro Gold pf (1.89) . Mexican Seaboard. .. Miami Copper (4)... Michigan Steel (23). Mid-Con Pet (3).., . Middle States Uil et. Midland Steel (3).... Midland Steel pf (8). AMiller Rubber...... MinuHon Reg(13%) Minn Moline Pwr... Minn & St Loul MStP&SSM.. MStP&SSMpf. Mo Kan & Texas.... 29 Mo Kan & Tex pf(1). Missouri Pacifie. .. Missourt Pac pf (5).. Mohawk C Miils (3).. Monsanto Ch (g1% Montgomry Wrd (3). 1 Moon Moto: Morrell & Co (4.40) Mother Lode (40¢c) Motor Meter G & & Motor Products (2) Motor Whesl (3) Mullins M1g. Mallins Mfg pt (1) MurrayCor (b2 % stk. Myer(FE)& B Nash Motors (6 - 55 614 108 98 87 1454 134 & 25 48% 38 @ P axeon=Ronesre 16 2 1 42 81 93 5 ® 4 atl Bel Hes pf (7)., atl Biscuit (7)..... Nat Biscuit, n (2.80). At Cash Heg,A14). Dairy (32) ..., | Dept Stores(2) . Nutlonal Lead (18).. Natl Pwr & Lt ()., Natl Rys Mex 2d pt. Neisner Bros (1.60). Nevada Copper (3) 3 Chi & St L pf(6) & Harlem (6)... 10, Norfolké& Wstn pf (4) 500s North Am(bl0%stk) 54 North Am pf (3).... Nor Ger Lloyd(3.61). Northern Pac 0) North Pac ot Norwalk Tiri Otl Well Supply. Oliver Farm kquip. Olivr Fr £q pt A( 81% Olivr Fr Kq ev Dtid). “6 Otis Elevator n(2%) 30% Ous Stee) (33%) 52% Owens Ill Glass: 52% Pacific Gas& B (2).. 72 Pacific Lighting (3). o g2 o urBieaBarroeranaation 48% Paramount-F-L 4). 25 Park & Tilfora (33). 214 Park Utab..ocoee.ee 17% Parmeles Trans 1%.. - —a rermmanElan @ 12 % 72% Pennsylvania RR(4) Ils 230 People’s Gas Chi 94% Pere Marq pr pf (5). ll)(ll 43% 38% Phelps Dudge (3).. 247 221% Phila Company ('7). 18% 11% Phila& Read C& 1 8% Philip Morris (1).... 290 Pnlmp:n Petrm (n2). » Boverr 59% P Rican Am To (A) 12 P Riean Am To (B).. 97 Postal Tel & Cpf(7). 456 Prairie Oll & Gas . 54% Prairie Pipe L (16).. 7% Pressed Steel Car. ... 52% Proe & Gamble (3) 64 Prod & Refin 81} Public Serv, NJ 121 FubS8ve NJ pt (7 143 PubSve NJ pf (8 107% Pub Sve E&G Df\.)n 81% Pullman Corp (4). Banowmmmn 74% Purity Bakerics (4). 34% Radio Corp.. 53 Radlopf A (3%) 68 Radio pf B (5).. 19 Radio-Kelth-Orph A. 33 ° Raybestos Man 2.60. 121 Reading (4). 44% Real Stlk (5) 3% Rels (R) & Co.. 26% Rem Rand (1.60). 92 Reming-Rnd ist (7). 10% Reo Motor Car (.80). 72 Repub Ir & 81 72 Rep Ir&Stl ctfs (4).. 107 RepIr&Stipt (7).. 109% Rep Ir & S pf otfs(7) 102 Revere CoP&B pI(7) 2008 4 Reynol ring. 6 49% Reynolds 'l'.b B 41 Rhine W EI P (2.16 224 Richfield Ol (2) 16% Rio Grande Oi} (3 37% Rossta Ine (2.20) 49% Royal Dutch (a3. 96% Safeway Stores:. 1 48% St Joseph Lead (13). 14% 107% St L-San Fran (8)... 99% 92 St L-San Fran pf(¢). 69% 59% St'L Southwestern.. R o ran B S ma S e B - Baltimore Markets Speclal Dispatch to The Star. (Continued From Page 13.) Bales— Asaoe 3 134% 134 4 ™ 9 247% 247% 71 ~Prev. 1930.~ A T aurlh High. Low. i e 4“ 42% 4% T3% TT% 6% 103! 103 4% 4% 18% 12% %5 637 25% 254 2:85. Close. 424 4 6% 103 % 9% Second 448 4l 4 40% 43% 18% Simms Sparks . 106% 105 4% A Stone & Sun Ol Superio: Sweets Syming Telauto TexPC Timken Timken Tral United Utd Ga Udt Stos U 8 & Foreign Secur. Vadsco Vick CI Vulcan Vulean Vulcan 41% 40 17% 12% 8T% 2 Wesa Of Wess O Wilcox Wiloox Wilson Yellow Am Roll ChiR 1 Con Fil Fox Fi 6 54% 43% 26% 234 6% | 51l 01|, 49% % 1 ....’:n.‘fml“’ oayments based on Unit of tradi) 67% 7% 2.7584.75; oranges, box, strawberries, quart, 20a40. Live Stock Market. Cattle—Receipts, 300 head; light sup- 3.0025.50; BALTIMORE, Md., March 20.—Po- | Ply; market steady. tatoes, white, 100 pounds, per, 4.5086.00; 1.00; carrots, bushel, 1.00a1.15; flower, crate, 1.7502.25; eelery, 2.2503.25; eggplants, crate, 2.50a4. letsuce, basket, 1.0002.80; kale, bushel | Cows—Cholce io ‘prime, Done; good 90a1.00 rs, crate, 3.0083.50;. parsnips. r{" spinach, bushel, l.gl bushel, 3.00a4.50! crlu !MM turnips, hamper, apples, bushel, 7583. 2.2582.65; sweet potatoes, barrel, 2.00a3.00; yams, ) | barrel, 2.2503.25; asparagus, dozen, 2.50a 6.00; beets, crate, 2.5023.00; beans, ham- cabbage, hamper, 75a mun- 35a! ; grapefruit, box, Steers—Choice to prime, none; good to choice, 22.00 to 12.75; medium to good, 11.00 to 11.75; fair to medium, 10.00 to 11.00; plain to fair, 9.25 to 10.00; common to plain, 8.00 to 9. Buils—Cholce to prime, none; good tc choice, 9.00 to 1000 medium to 850 to 9.00; fair to medium, 800 (o ; plain to fair, 7.50 to 8.00; common pllln. 17.00 to mu«u—chviee !o prime, m‘ good Stock and Dividend Rate. nan lllah Lo: Shlltuck(mldfl%) ShellTranspt(a2.41). 100; Shell Union (1.40)... Shell Un O1l pf (5%) Shubert Theatres. Simmons Co (g3). Tobacco Products. .. Tobacco Products A. Transcontinental Ol cont] O11(30c) Transue & W (1).... Trico Prod (3%) Truax Traer (1.8 Twin City Rp T (4.0 Und-Ell-Fisher i8).. Union Bag & Paper.. Union Carbide (2.60) Union Ofl of Cal (32) Union Pacifie (30)... Union T’k Car (1.60) Utd Alrcrafi& Tran: Utd Afrcraft&T pt Utd Biscuit (1.60) Utd Business Pub. Utd Carbon (2). Utd Corporation. Utd Corp pf (3). Utll Pwr&Lt A « Vanadium (14)... Virginia-Car Chem. . Virginia-Car 6% pf. . Wabash........ Wabash pf, A (6).... Waldort Systm (13%) Walgreen pf (63)... Walworth Co (3). Ward Baking A. erd Baking B. g\u ock °% Eayable i scrip © Payabla i Prev, :ll Close. 26 11 12% 90% Arms (3).... 4% Schulte Retall Strs. . 9% Seaboard Air Line 9% Seagrave (01.20).... 821% Sears Roebuck (32%) Natl Inv..... 58% Sec Natl Inv pf (5).. Seneca Coupcr . 8 20 Pet (1.60). ... Oll (3. Southern Rwy (8)... Southern Ry pf (5).. Spang-Chalfant. .. Withngtn(1). Spicer Mfg..... Spicer M1g pf (3). Splegel-May-St (3).. Stand Brands (1%).. 8td Brands pf (7)... Stand Gas & El (3%) StandG&E DL (4).. Stand Invest Corp. .. Stand O of Cal (3%). Stand O1l Exp pt (5). Stand OII N J (12) Stand Ol N Y (1.60). Stand Plate Glass. .. Sterling Sec A. . Sterling See pf(1.20) Sterling Sec ev pf(3) Stew-W: er (h3%) ster (4). a Studebaker Co (5) Submarine Boat. M). r Ofl. Superior Steel of Amer (l) . ton Symington (A). Cp (11.95) Texas Corp (3) Tex Gulf Sul (4) - &O (b10% ). " Texas Pac Land Tr. . Thatcher Mfg (1.60) 4 Thatcher pt (3.60 The Fair (2.40). Third Avenue. ‘Thompson J R (3.60) Thompsn Prod(2.40) Thomjpson Starrett. . Thomp-Star pf(3%). Tide Water Asso 60c. Tide Wat Asso pt (8) Tide Water Ofl (30c). Det Ax: Roller (3) o nanuaEacs - @ - S onmeSaE - @ Utd Cigar Stores. Elec Coal United Fruit (4) d G & Imp(1.30) & Im pf (B).. Utd Paperboard. United Stores A. res pt... ~ pe & Fdry (2). Pipe 18t pf (1.20) Sales Corp. o a8 emnamtice Detinning (1) 470s Detin (A)(1). 80s Detin pf (1). 10s 11 & Snow (3), & Sn pt (4) West Penn El of (§). West Penn El pf (1). White Motors «2). .. White Rock M S(4).. Oll & Gas. ... Rich, B (3) Willys-Over (1.20).. &CoA.. Woolworth (2.40)... Worthington Pump.. Worth Pump B (6).. Wrigley Wm (4).... Truck & C. Young Spring (3)... Young Sheet & T (5). Zenith Radlo. .. RIGHTS EXPIRE 1 M., June 16 &P. Ind. im, A. er 31 Fox Film deb.Mar 28 3% Sales of Stocks on New York 645,300 2,801,600 12:00 Noon. 3:10 P.M. n in the aoove tables A-un Quarterly or hlfl ;‘llm' P, a1 stock d Pay. h. +1,741,000 + 8,309,100 nnuas cas good, 9.00'to 10.00; fair to medium, 8.00 % 9.00; plain to fair, 7.00 to 8.00; com- mon to plain, 6.00 to 7.00. (sEreah cows and springers, 60.00 to Sheep and lambs—Recelpts, 25 head; modente supply; market hwer Sheep, 90 to 6.00; lambs, 6.00 to 1175, (ogs—Receipts, 7 ; light sup- gLy, TaTket Jower. Lighia. 11 90811 50; avies, 101581105, 'medium, . 11408 roughs, 17.509.60; S Reee- Tta. 25 heads light alves—! Sup- ply; market steady. Calves, 7.00814.50. ’ The Indiana Limestone has re- celved an order for 667 urlud: of none to be used in the construction of th third unit of the new State capitol at Charleston, W. Va. o to_choice, 10.00 to 11.00; medium to | light pigs, | F2aStS Alon HITS NEW RECORD List Climbs Into High Ground as Credit Ease Is Continued. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, March 20.—A still fur- ther lowering of acceptance rates, a cut to 3! per cent of the Bank of England rate and a consequent easing in time money here combined to swell the activity and strength of bonds to greater lengths today. The whole list climbed into new hl'h ground, most 1&5"!3 now being at their best prices since early in 1928. The rise in the average of 40 domestic bonds since the end of February is now over 3 points. Foreign bonds have had a comparable gain of abeut 2 points for 10 of the better grade issues. W ‘h ‘;demnd for bo.:d;lo t ere has been a tendency to buy al indiscriminately. M & result there hu been a corre nln ln defaulted issues and a few bondl t have been selling on a receivership basis. The de- . UNITED STATES. (Sales are in $1.000.) Sales. - High. .. 123 10023 1 . 517 1029 102 FOREIGN. . High. faulted issues of Mexico and of the | Brasil 7 National Railways of Mexico have been turned over at advances of from frac- tions to 3 points. The immediate success of $8,000,000 City of Helsingfors 6'4s on Wednesday was the signal for the release of a number of foreign issues today. Thesa included $5,000.000 Sydney, New South Wales 51;s. $20,000,000 Rhine-West- phalia Electric Power Corporation 6 per cent, with rrants, and $12,500,000 B England, bonds. The rest of the total of about $45,000,000 offered was made up of some small Canadian municipal flotations. Rhine-Westphalia' outstanding 6's of a similar nature to the new offering dropped off 2 points, reflecting the price of 93 at which the new issue was brought out. With the Street anticipating another cut in the New York Federal Reserve rediscount rate, it was natural that United States Government long-term obligations should again become active. They went to new high levels in a moderate turnover, most of the gains ranging from. 1-32 to 7-32. Similarly, prime bonds renewed their advance. There were gains in Atchison general 4s, Pennsylvania 41¢s, Southern Pacific 4138, “A” 4s, Northern Pacific 4s, Great Northern 7s, Chesapeake & Ohio 412s, Inland Steel 4!3s, Standard Oll of New York 4's, Standard Oil of New Jersey 5s, Duquesne Light 4s, Philadelphia Co. 5s, Utilities Power & Light 5!%s, American Telephone 5s t%ggg; and International Telephone 5s « Convertibles again mirrored strength on the stock market. American Tele- phon! 4125 led this group into new high ground. = European Electric limited 6228 on the curb were active and over a point higher. This bond has warrants which may be exercised after April 1. For each $1,000. debenture 30 shares of the company’s stock may be bought at $15. stock is currently selling around 22 on the curb POTATO )um'r. CHICAGO, March 20 (United States Department of Agriculture).—Potatoes, receipts, 105 cars; on track, 244 cars; total United Btates shipments, trading just fair: market firm on No: ern stock; steady on other; wheomln- a2 inesota sacked round ;.gguns: Idaho-sacked ruueu. PARIS BOURSE PRICES. PARIS, March 20 (#).—Prices were firm on the Bourse today. ‘Three per cent rentes, 87 francs 20 centimes. Hjve per cent loan, 102 francs 65 centimes. Exchange on London, 124 francs 33 centimes. The dollar was quoted at 25 francs 56% centimes. Washington Stock Exchange SALES. Potomac Electric 6% pfd.—5 at 11155, Real Estate Title Insurance Co.—10 at Rcll unte Mtge. & Guar. pfd.—100 The Clrpel Corp.—50 at 23 23%, 50 at 233, S0 at 2!%2' 50 It zaz:, 50 at 23%, 50 at 23%, 50 at 50 at 23%, 50 at 23%, 50 at 23%. AFTER CALL. Washington Gas 6s “B"—$500 at 105. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Te Amer, Tel nt Stock Ld. Wash. Mnkel Cold, St age Wash' Cons nd St ™ ‘l'ucllnn :nmn ton, NATIONAL BANK. National Capital 3 National American & Sa E::"zmmam llfln States ‘ lelh.fnllcn ‘Mechanies Danish Munic Denmark ¢ % Denmark 633 68 Japanese 1 Jugoslavia Bank 78 13 Karstadt 6s1943... 16 - - Sovan Montevideo Netherlands New So Wales 87.. New So Wales 63 8 Orfent Dev'mt Paris-Ly-Med 68, Plrll-ld-l.d 1 e - rlsadBnoRue cBueanNe~ Rhinelbe Un 7i Rhine Wst EP Rhine West 65 §3. . Rhine Wst EP 78 50 Rio de Janeiro 6348 Rio Gr do Sul & Rome §%s.. Sao Paulo 88 1936 Sao Paulo 1950 Saxon (PW) 7s Seine 78 43, . Tokio 6%s 1961, Utd Kingm §%s 37. 10 19 36 MISCELLANEOUS. Abitibl Pa&P 08 "63. 23 Abram&Strau Ajax-Rubber 8 Alleghany Cp Atlantic Refin Bell Tel Pa s B, Bell Tel Pa 68 C. Bethlehm Sti pm 58 Certn-Td 53%s rots. Gen Pub Serv “l. #4 | Gooarich 634 Golumbls, Tl 1 Estate Ti T &'Io%. "ot Md. " com MISCELLANEOUS. arber & Ross, Inc. com. ke o.‘a‘- 2% RRE8S38! 3 rities Securities o 28858, 2585 5 I o .35 1 l;% I i Waed: 285 7N e per 6 Int Tel & Tel ¢ !‘ Int Tel&Tel 4 s 0 ‘1211 "ntl Tel&Ts! . 801 KanCity P& Lt Kan G & B Kendall's s ¢3 ‘war Lackawanna Stl 3. Laels led Laclede G 6348 63 - 108% Low. 00 12 100 14 85 10123 10114 101 19 1029 2 10124 10120 10124 210121 10121 10121, 5 106 17 10617 10617 813 1094 1091 1091 24 11314 1137 11312 110% 109% 931 101% 105% 102% 107% 104% 98% 94 99% 102% 104% 88 88 104% 97 103%.103% 102% 102% 9% 924 100 100 103% 103% 104% 105% 2% 101% 101% 1034 103% . High, Low. 85 84! 102% 102% 120 120 Sales. Lautare Nitrate 6s. 15 Ligget&Myers §s61 3 Liggett & lly-u . 5 110% 110 101% 101 5% 5% 101% 101% loaw 10as 102 83 100% 994 105% 105% 113% 113% 97 97 109 109 1100 100 107% 107 111 110% 1034 103% 103% 103% 102~ 102 101% 101% 107% 107 102 102 102% 101% 1085 104% 104% 104% 108% 102% 167 Montana Pw d Mor's & Co 18t 4% Nor States Pow Nor States Pow Pacific Gas & E1 PacT& T Istés Pan-Amer Pete 7s. Paramount s 1947, Pathe Exchange i Por Rie Am Tob 6s. Postal Tel & C %o Pressed Stl Car Pub Serv G 414867 Pub Serv Gas 4%s. Pure O %8s "37.,. Rem Rnd 6% wi Richflela O11 6; Stnelatr Of! Sinelair Of) Sinclair Ol 29% 101 100 8% 97 100% 100% 1024 102 103% 103% 100 - 99% 7% 97 96 95 108% 103% 105 104% 103 102% 7% 97 101 101 Skelly Of1 l Stand OfI N Y 4% ‘Tenn Cop 6s B 44. Tenn ElecPow! 107 106% Tex Corp ov 9 105% 105% Transcontl Ol 6%s 42 101% 101% United Dru 58 984 98% U 8 Rub 1st rfll..» 87% 87 U S Rub T%s. 8 100% 100% Utah Pow & Lt 'l 100% 100% Utilities Pow 534 2% 92 Vertientes Sug 7s. 60 60 Walworth 6845.... 9 92 914 Walworth€%s35.. 2 108% 108% War Quinland 65’39 1 874 87% Warner Sug 78 39.. 1 50 50 105% 105% 103% 103% 104% 104% 109% 109% 1034% 1031 15 3% 38 0% 39 11 100% 100% Win Repeat Ar T%s 3 101 101 Youngstn 8 & T §s. 38 102% 102% RAILROAD. 22 86 82 2 93 1% 69 9615 95% 123 140% 139% 43. 26 67 65 10 9% 9% 5 99% 99% . 2 96 98 - 125 100% 100 B&O:'%lev 0..1903 104% 104 Westn Unfon 5s §1. Westn Union 6%s. . White EagleO 6% . 13 White Sew Mach. Atlantic C L ¢s. Atlantie CL ¢%s 19 104% 10415 10415 | 4768 5 104% 104% 6 106% 105 2110 110% 15 104% 104% 53 101% 100% 43 9 4% Bklyn Manhat 6s.. 413 101% BkiynUnEl6s80.. 2 86% Bkiyn Un E 5s sta. 10 Buft R & Pitts 43 2 Bush Term con cun Nlt 4% 11 21 87% 86% 41 108% 103 1 1035 103 1 867 86 &PacssTB118 96% 95% CMSP&Pae adjss03511 78 6 ChiNW43%s2037. 1 98 98 Chi& N W con 4%8201 103 102 Chi & NW 6% 21 1m 109% ChiRI&PTE ChiR1&P ¢%s. Chi St P&0O 65 30. Chi T H. bi Cni T H ine Chi Un Sta 4% Chi Union Sta 58 44 4 100% 100% 15 99% 98%. 1044 100 1 IDMG 108‘1 wm NY 5 97% 95% 82 Guba Nor 635 ets. - 64 Del & Hud 1st rf ¢» 931 6 1045 104% 1 100% 100% 100 | Nor Pac rf & 38 96 958 10 98y 981, 15 99 98y 49 94N 94% 4 B % 85 84 83y 2 86% 8 86% 86 Duiuth SS & At 5s. Y12 9Th 9T 97| PaORiod Deteke. 1 5% 54% b5y | Pere M 4%m 1980 wi32a 99% 4 1 34 10 106 5 98% 981 T 9% 9% 5 96% 96% 54 112% 112 1 62% 52"1 25 99 8 84 72 100 l‘onle.O ‘*ll’. Gr Trunk st db 6 Gt Nor 4%s B. Great Northn 181 Gt Nor gen 7 Hav El Ry 5%s 61.. Hocking Val 4% Hud & Man a) Hud & Man ref 5 I Cent 4%s 34 szv 99 92 9% 22 97% 9% 26 96% 96Y% 29 T9% T9% l l! 102\1 120% 100% 88% 94% 110% 1 82'/. 1004 1054 llt"- 109 100 107% 102 101% 107% 102 101% 25% “M 99U 9% 101 98Y% 100% 102% 103% 100 7% 96 1084 105 103% @ 101 107 105% 101% 981 874 1004 10014 92% 60 92 108% 87% 105% 103% 104% 109% 103% 75 38 40 100t 10t 102% 85 1% 9615 140 67 1% 9914 95 100% 104% 104% 106% 110 104% lO!K !7 95 29 IS AID N BUSINESS Education Gives Boy or Girl Better Start on Career. BY JOHN F. Special Dispateh to Th 5 NEW YORK, March 20.—What has a college mmmwuownhb\m- SINCLAIR. 1% o “Take ‘a rough stone. polish it, ahd :2'9‘ mg{e‘ one MI tl;e smoother ( it e a plece of sponge ci lish it, the mo’re one does the smaller ‘Take your choice—stone or F. Beker, Wllltlr Shryiler, L. 00% | F. OhnnlnLchuh.Jchny 1009(100%100‘/"] ald, Willism y Touis, ¥, Bwift, Géorge. Bastman, Firestone, Adalph lekmor——&hen h % o man among tem. ley, Walter C. Tl:gle Alfred P. Slo-n. jr.; Walter S. Gifford, John Stewart, sunuel N. Vauclain are all college ’rhe ambitious boy or girl should re- member this, however: More itlons are open to the college man and woman today than to those who have not at- tended college. This is merely a start. But at the start the college start, it nds There is :?'cut- and-dried rule for success. “Watch inventory accounts. Be sure to watch the relation of quick assets to liabilities, as well as dividend rates, but never forget in these days that inven- large profits and very substantial dividends, repon that inventories are larger than they were a year ago. Cabed er\un Woolen Co. is ‘watch are the size of . of the profits and the For the big inventory mn u.g’y entzr a non-pmm item for (Copyright. lm b! North wl News- ver’ Alliance) i m.m QVO‘IATIOIS. NEW YORK, March 20.—Bar silver, 42%; Mexican dollars, 313 TREASURY CERTIF mm'mm { s foni e 16, 1930, Butter—One-pound prints, 41%842%%; tub, 40a41. -Hennery, 26; e % . x EES .lool 87% | 46 103% 1082 86% 95Y% 1% 98 103 109% 100% 99 104% 100 104% 9B 9813 99 941 7% 84 Ponn b B6Y% 86 | Penna 814, 86 98% 9% 96% 112 62% 20 u t L 67 101% 100% 101% 89 75 5 !rLfl(&lMG 9% 9% 965 9% st |8tP 32: fowls, 30a31; 38a40; 32! fowls, 30a31; capons, ducks. ggeve 99 8 100% 100% 100% C 107% - 107% 107% 96% 96% !I 981 98 4 107% 107 20 102 101% 102 6 1021 102% 102% 2 7R 7 18 37 79 79 a 44 g g4 O Dp..g 222222222222 zziinngoo DE. Efl E. ERREE z og:§ “125 X 1 105% 105% 10! NY 6 61% 1 et EOV: Gl% “ 94 Nor Pac 3s 2037 6814 Nor Pae 4 9414 70 % 91% 91% 114% 115 Ore Wash 1st ds. . 93% 93 934 Penna 45 1948 stpd. :0 9615 95% 96l Penna con ¢ 4 100% 100% 100% Penna ¢% 3 109 'IK 109% 109% 1091 99% 99% 99% (981, 98 99 10 924 92% 92 9 32 304 32 109 Penna Gold 7s Pere Mar 1st 4= 5 PortHIPLEs..... 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