Evening Star Newspaper, March 25, 1930, Page 15

FINANCIAL. ~ GLAND TS LEADERS ON CURB Trend in Active Session. BY JOHN A. CRONE. »eem Dispatch to ‘The Star. & YORK, March 25.—Petroleum and’ Publlc Utility shares yesterday led .one of the most active and firm curb markets in months. Their strength, 3:“:‘1 along virtually all sections of st. The upswing was unusual in one re- | spect. Many old utility favorites, such #s Electric Bond & Share, American Superpower, United Light & Power A and Utilities Power & Light, failed to than fractionally in was lowing its acquisition of Kentucky Se- curities Co. Standard Ofls were the first to be whirled to maximum prices for the m;. Humble at one time was up more 7 points as Standard Oil of New Jersey soared over on the big board. Standard Oil of Indiana and Ohio next moved to their 1930 :Paks. They were !allnwed by Cities Service and Indian erritory Illuminating @1l in the mis- caumflwus petroleums. A. O. Smith Corporation, a manu- facturer of pipe for ol and natural gas transportation, then forged ahead to a new 1930 high. Driver-Harris and Deere & Co. also hit a record for the year. Aluminum Co. of America jumped 6 points as a result of partici- pation in the giant plane-Zeppelin combination. General Realty & Utilities was marked ~Prey 1930.~ Stock and Hieh. Low. 43“ Aeme Wflm 133). Aero Sup Mig Aeronautieal l.‘ll. Aeronautie Ind war, Atnsworth Mfx $3%. Alr Investors vte. .. Atr Inv Incev pr. - - S NONRBNT LA~ NR,A-NE P S nS % Al AII Amer Gen Corp. Allegheny Gas Corp. Allled lllll (80e) Aluminum.Co of Am Alu Co of Am pf (6) - - P& AmC P&L B (b\.‘l Am Onl’o‘flm (3.40). - Am Cmwith Po war. Am Control Ol Fids. 52 Am Cyanam B (1.60) IH 5 5 Am Laut fllehl!)..ll)fil T1% Am Lt & Tract (1 1268 277 Am Maracaibo. . 2% Am Natural Gas.... 1 15% Am Superpower (1) 30 Am Superpow pf (6) 95 95 Am Super 1st pf (6) 100% Am Thread pf (25¢c) . 3% Am U&Gen B vtc 40c 1% Amrad Corporation. . 25% Anglo-Am vot (730). 14% i 23% 15% 7 14% Atk Po & Lt pf (7).. 107% 107% Asso-Elecind Ltd.. 9 6% 6% As30 G & E A (12.40) A330 G&E A deb rts.. Asso Laund (120¢).. Asso Rayon pf (6).. Atlant Fruit & Sug. . Atlantic Lobos Oil pt ; Dividend Rate. Ind Pipe L, n (12%). indian Terr illum. .. 6% Internat Products ingl Superpow (11 Internal Util A(3%) laternatl Ut B...... Internatl Utll (war). Interstate Bquities. . Interest Eq ov pf (3) Irving Air Ch (1.50). Italian Superb war.. Italian Superpow A.. Jefferson B (13%).. Kobacker Stores (1). Kolster-Br (Am 8h) Lackawanna Sect4). Landay Brothers (3) Land Co of Florida.. Lane Bryant, Ine(2). Leonard Ofl.... Lerner Stores (2) Libby McNell & L. Lily T Cup (150). Lion Ofl Refin (2)... Lone Star Gas (1)... Louisiana Lan & Ex. Mac Marr Stores. ... Magdalena Syndicat. M 'gs Fin Co v.t. Cons Mfg (3) Int M(62%e¢).. W T br shrs 62c. Marine M1d Cp (1.20) Marshall Field & Co. Mavis Bottling. .. . . Mayflower Asso (33) Memph Nat Gas Co. Mer & M? S A (1.50). Met & Min Ine ¢1.20) Met 5c to 50¢ 8 (B).. Met bc-60c Strs pf... Met Chain Stores. ... Midl Unit (b1% %).. Mid Wst Utll (b8%). Mid W Ut cv pf xwé. % Mid West Ut A war., P SEnamana - Stock and Dividend Rate. Tri-Cont Corp war. ‘Tri-Cont Corp pf($ Tri Utilities (31.20).. Tri Utilities pf (3).. ‘Triplex Safety Glass Tub Art Silk B (10). Tung-Sol Lamp (3). Tung-Sol La'p of (3) Unton Amer Inve: Un Nat Gas, Can Union Tobacco Uni Chem pt pf (3).. United Corp war.... Utd Founders(b2. 5) United Gas Co. . United Gas new 6% United Gas war. Utd Lt & Pwr A (1). Uté Lt & Pwr pf (6). United Profit Shar. . Lines pf (1). Radiator (2) BUSINESS NODS. Whether American business, which sets the pace in efficiency at home, is lag- ging behind abroad is a long-standing subject of controversy. Two illuminating facts bearing upon it are reported to the foreign commerce department of the Chamber of Com- merce of the United States by American chambers of commerce in Spain and China. From the one comes the information that few American companies and in- dividuais seem to know !hn(, the first- class postal rate to Spain is only 2 cents. Every day letters arrive in Barcelona and other Spanish cities bearing 5-cent stamps, coming not only | from occasional writers, but from the at banks and business hoyges of New g‘ rk and other port cities. The American Chamber of Commierce 4 e 106% | at Shanghal reports the complaint of an * importer that American business houses THE EVENING STAR, WASHINGTON, D. C, TUESDAY, MARCH 25, 1930. ~Prev 1930.= High. Low. w- rren Brut. Watson (JW) Co. Wenden Copper. . West Air Exp (60c) Wil-Low Cafeteri Willlams R C (. Winter (Benj)...... Winton Engine (4). Woodley Petroleum. Zonite Prod (1.60)... RIGHTS. 3% Con Gas Balt. *Ex-dividend. YPartly exira. tPlus extra FINANCI TRANSACTIONS ON THE NEW YORK CURB MARKET Stoek and Sates— Dividend Rate U 8 Radlator ctfs(2) U 8 Rubber Reclaim Unit Verde Ext 14). . Utah Metal & Tun Utility Pw & Lt(al). UtIP&L B ctfs (ll). Utility & Ind.. Ut & ind pf uu). Utility Equities. Vacuum O11 (14% ) Vick Fin Corp. wtlzrnn Co H) ¢ % 6 64 st quarterly er semi- extra In stock. o Pavabdie t» oreferred stoek. 47 or stock. h Pavable ip stock. @ Pavable used, neceuluunfi the cabling of pur- chase orders in plain language form. European manufacturing and wholesale houses, everi when they are unimpor- tant, never overlook this detail. POTOMAC EDISON CO. CUMBERLAND, Md., March 25 (Spe- cial) —The annual report of the earn- ings of the Potomac Edison Co. Electric Railway line in this city was filed with the City Council yesterday. The line was formerly operated by the Cumber- land Electric Railway Co., which sold it to the Potomac Edison. The earnings by the operation of 5.03 miles of re- maining electric line were $88,997.76, of which $88,006.79 was realized from passenger fares, $60 from freight, $747,25 {rom advertising and $183.72 from mail service. o A human skull, believed to be cen- OIL REFINERS OFFERED NEW FACTORY PROCESS |stock Spec .. Dispatch to The Star. NEW YORK, March 25.—The hydro- genation process for the production of refined oils, owned jointly by Standard Oil of New Jersey and the I. G. Farben- industrie A. G., the German dye trust, is being offered to all refining units in the oil industry that the former com- pany believes can use such process commercially. A company, as yet unnamed, is being formed to take over from Standard and Farberindustrie the rights in the United Statés to this process. The Jer- sey Standard Co. in its offer to the oil industry requires that every com- pany accepting shall subscribe to stock in the new company and pay a small royalty. The new company in turn will AL. Cwwr AIS SHIP' MERGER PROPOSAL APPROVED BY DIRECTORS By the Assoclated Press. BREMEN, , Mareh 35.—Di- ved the co-operation :fl‘eement vl&m the Hamburg-American nes. The agreement was recently drawn gr and provides for virtual merger the two companies’ interests, al- though they will maintain other identity in_matters of public service. The agreement now having been ap+— proved {:y both directorates the two companies need only confirmation of 8#; | their shareholders which presumably will be a mere fo process. COMMODITY PRICES % ADVANCE SLIGHTLY Commodity prices advanced one- tenth of 1 per cent during the week ended March 22, according to the wholesale price index of the National Pertilizer Association. This is the sec~ ond week of slight advance in the index and it is the first week since December 7 that advances have outnumbered de- clines. Advances numbered 32 and d clines 31. Pive groups advanced and four declined. ‘The larger declines occurred in mixed fertilizer, feeds, cattle, hogs, lambs, house furnishings and methanol, !ndl- cating declines in industrial except for the declines in feeds and uva , which occurred early in the week. larger advances occurred in cotton and butter, but advances also occurred in silk, lard, cottonseed ofl, food, tin, silver and rubber. These advances were largely in the sensitive commodities, indicating that a cenenl turn in com- meodity prices took place. iy PARIS BOURSE PRICES. PARIS, March 25 (#).—Price changes were lnegullr on the Bourse today. Three per cent rentes, 87 francs 90 centimes. Five per cent loan, 102 francs 55_centimes. Exchange on London, 124 francs 25% centimes. The dollar was quoted at 25 francs 511, centimes. . — to a new high in the trading corporation division, Railways of Central America are op- followed by Tri-Continental, telegraph Mid West Ut B wa to | erating private telephone and Mid Royalty cv pt services. Midland Stl P 24 pf. Mo Kan PL (b10%). Mock Judson Voe(3). Montecatini deb rts. Atlantic Seo Corp. . = Atlas Plywood (3). 4 Auto Musio (A) (1).. Auto Vot Ma ev pr pt. Aviation Credit. . Aviation erally neglect to state in their letter- | turles old, was found recently by work- [ pay a royalty for American rights l’A f\m u};elr'clble address and codes | men in Holborn, England. the process to the Standard-I. G. Co. > ‘Because of the great interest shown in the 1930 General Motors Trucks since their announcement the SPECIAL EXHIBIT AT 2117.21 L ST. N.W. will be held open ALL THIS MONTH S. O. S. Call—Metropolitan 0505 TR TRUCK TRUCK. s SALE LEASES 'MAINTENANCE CONTROLLED BY GENERAL MOTORS TRUCK COMPANY Richmond Branch 30-38 M St. NL.E? lepIrtsoie swim % Paint and Body Shop B e ek erviee _ SPECIALIZING IN COMMERCIAL TRANSPORTATION 131 Que St. NW. Morison Elec ($1)... Mountain & Gulf 8c). Mount Prod (1.60).. smusement trading with another record Nat Amer Co. high, as did Columbia Pictures, while Fox Theaters A firmed. NEW YORK COTTON. wReole onnnalonvonBvommenSs Nat Investors (new) Nat Mfrs & Stores. .- Nat Pow & Lt pf (7).150: Nat Pub Sv A (1.60). Screen Serv 1.60. Steel Corp xw (3 Sugar N J (3) Natl Transit (1) Neet Incov A (1 Neve Drug Store. Newberry (JJ)(1.10) Newberry(JJ)pL(7).. fifll New Brad Oil (60¢).. - Blue Ridge cv pf (a8) 10 Blumenthal (8) Bow Biltmore 1st pf. Brazil Tr & Lt «3). . Bridgept Mach (25¢) g S 5 - e B levels at the opening today, with on both sides of the rket m.. The range was 2 lower to § higher. Sentiment remained cautious. Opening prices were: March, 14.48, up 5; May, 15.53, up 4; July, um uj - - » " = -uun-.-#na-ouunu:uu- PSS mdunnd .35, January, old 15.60, off 2; January, new, Au C&W pt rots(37%e). 15.37, up 1. T% 3% Can 61 mhdn-(n':)w.l. GRAIN MARKET. CHICAGO, March 25 <suemx—m ‘wheat market ith Newport Co (3)..... New Quiney M (100) 25% Cent Public Servies.. 34% Cent P8V A (aL76)., Cen States Kl ($40c) 19 N u Alres. 0 4 Centritug Pipe (80a) e Chain 8t Niag Hud Pw A war. am S e e o4 COVINGTON, Va~Wright Moter Ce. REEDVILLE, Va—R. B. Moore, Ine. Mines (3).. 3 -4 North Am Aviation.. 107 ROANOKE, Va.—Hyde Truck Co. PETERSBUEG, Va—Ray Truck Sales G No Am Aviat A war., 31 GLOUCESTER, Va.—B. F. We 2 “‘“ '"“"-, VB Curponter. apey SUFFOLK, Va.—Briggs Motor Ce. BROADWAY, Va.—Miller-Hoover Motor Co. NEWPORT NEWS, Va.—Sheffield Motor Truck O to %; July,| 84% 63 ClevElllium (1.60). o 109%. 12% Cohn & Rosen, Ine. —May, 10035 S Colon Oll..... 24 Columbia t.he uc\‘.ion ot % u Colu Spenca 3536 to Ver duly. 805 to 55 5% Gomwith & Sow war September, 86%. ' After the. firs n.l: 124 Com Wat Ser (b6%) hour—May, 85; July, 86%; Sepwmb!r, 16 Consolidated Alreraf Oluheldmd.yl‘ 'h opened 43%; % SAN arc] - "A! 44% to Va; July, 43%. After the «V- % w—mnh, 43%; I‘ly, Provisions were {inchanged, + FOREIGN EXCHANGES. (Quotations mnugua by W. x Hipbs & cnh 10%. Outbd Mot A (1.80).. Qutboard Motor (B). GENERALMoToRSs TRUCKS ANOTHER SENSATIONAL VALUE - NEWLY ADDED Pennroad Corp. . P‘nnGuklA ‘a%) Penna Wa & Pwr. 1ll e BB manc B s - CLE T Plymouth O1l (3) out o !flmn Mg '(.lll) Prlnu& tdy . Propper McCallm(3) Prudential Inv... Pub Util Hold war. .. Quebec Power (2%). Radio Prod (50) Rallway & Lt 8 . 508 Raymond Con (2% ).. & Red Warrior. 10 e Casting. 8 Alr (760)... Dres(SR)MIg A 3% Dflmm.nll(m). Dubilier Duke Power (3 2% Reiter-Foster (400). o» Durant Motors. 1 Reliable tre (b6% ). 18% Duval Tex Sul wi..u Rel'nce gembie 18% East Sts Pow B (1).. Republie ll.dlvl-n 14 Eastern Util Asso ov Rep Steel cum pf (6) 11 7% Eastern Util Inv A.. Reynolds Bros Ine. ., 14 Eisler Electric (1%) Reynolds Met n 2.40. &8h ( Rhode I P S pf (3) Rich Oil Cal pf (1.76) Richman Bros (3) Rike Kumbler (3.30), Rocklans Lt&P(92¢) . Ross Stores, Ine. ... 8t lum-nm (1)ee 8t Pap pf(7).. 3 13 “0\6 llfdwfirnll-(l) 50s % Salt Creek Prod (3).. l: Schlet & Zan pt 8 Schulte Un 6o-31 Seeman Bros (3).... Seg Lock & H (500) e Seiberling Rubber. «. Selected Industries.. Select Ind pr (5% ).« Bel Indallotcfs 5%« 4% Sentry Safety Cont.. Seton Leather (2)... Shattuck Den Min. .. ::uflor Pea (13). .0 enan Corp. Shenan Corp Dfll‘). 21 Stlica Gelet. ... Singer Mfg ('26). Sloux CG & El = zsgel o FF PPN §=§s 2328! inds. 13 Alabama Pw 4% 2 Aluminum Co S8’ Aluminum Ltd 5s & 22ERRERE a2 ._. SH Eaoat "g==Q0] o = eesiessesteeienizst: 28338 22>, “fi 553 “";ss S Sestas o S e s BrarunanunnSabconwunan 8 ameSEe! FE BEF SEER & 990! £} 2 1 2 g s> o B unar st sneiS wed- o WRRRSE BRSNS 83 RS S £ 82 Federal Berew (3)... 22% Federat Metals 1% . 50 Ferro Enam A(t4%) 17% Fiat receipts (1.36).. 5 45t e, s T F g ¥eeii: FNES & & 5 =i 2is! B 28! o8 ESSES 3228832 SRR Festas's SES8ess 23585 est G llst! 13 3% 5 22 R R >"‘;n=§~§r~ 3383 558 358 58! K555 gfméez 2 e “.. ot FRPR E BiuoSueruaBoniBomsnontinwnm s oo bennasSwt s o Biummntmu o 0 & i i 534 i 15 =s§ 55‘ el PO - dsszssszzggu # RS s 2383828 FEERT 238382833 S : T w o Pkg ( 6% Gen'al Alloys (80c), 2% General Baking. .. 36% Gen Baking pf (3. 10% Gen B Lid rots (50e) 28 £ 8% Hudson Bay M & 78 Humble O1l (3). 8 Huyler Stores of Del 24% So Cal EA pfB(13% 22% 8o Cal Ed pf C(1%). % swmamCorn...... 9 Bouthland Roy (1 2 117% 8 W Bell Tell pf l'l). 508 7% 8 W Dairy P T% BWGasUtll....... 4 88% Stand Ctphlul (n) 14 % Standard Motors. .., 49% Stand O1l, Ind (l"). IBB 27% Stand Oil, Kan (2’ 8t Ofl of Ohto (ng) 62 Stand M:L 12 Sterch Br St (1.20).. 66 Stetson (J B) (CK). 258 l:: Strauss Roth. 8 Syrae Wash M B (1), 54% Tampa Electrie (33). 71% Technicolor, Ine. 4% Teok Hughes (8! 18% Thermoid Co (3. 284 Third Nat Inv (1) 41% Transamer (31.60).. Model T-17a . . . 6,500 Ibs. *“Straight Ra: (mlp—'ddl Indlldlnl ehassis and 8 -',l,z: available . ting” load) . . . 2 TBIS GREAT TRUCK is newly added to the General Motors Truck line to provide new suitability and economy to all haulage and delivery in the 1-ton range. It is one of the greatest values ever ofl'eM by this company. Tt is all-truck—in every dLuu Balance is perfect; load-distri- bution is correct; there is no ex- cess body-overhang. The modern 6-cylinder engine provides 58 ac- tual horsepower—smooth power, and plenty of safe speed. A year of special tests developed the efficient 4-wheel truck brakes. Bodies are exceptionally well built, roomy, and more strik- ingly handsome than any you’ve seen. Driver comfort is higher than anything in past truck- . practice. There’s unusual ruggedness in frame, axles, springs, and every detail of construction. For every other capacity there is a General Motors 'l"r:-z accurately suited, and of value just as outstanding. Thisis pare ticularly true of light duty— with 4 basic models, 8 chassis, 31 different types! Every one packed with the extra value made possible by great engineering and manufacturing leadership. See them—by all means find out what they offer. 3/5-TON *695 Fivex Model T-15a . . . 5,400 Ibs. “Straight Rating” (total gross weight, including load) . , . 'price chassis only, f. o. b. Pontiac, Michigan. i (Time payments financed at lowest rates by our own Y. M. A.C.) 374 Hrdro Eieo dars (). o A MODERN TRUCK FOR EVERY PURSE AND PURPOSI ww—With warrants. 27 28 - 2TH 20% - 17% 'lh!mt ‘warrante. AR - Ohbr-Nrnn HOHNOR- O [ 1 -1 T G4 Teiae DL S (e 11 ThContinamal Cors 48 175 10"