Evening Star Newspaper, March 26, 1930, Page 14

v TA—14 ®ws * PUBLIC RETURNING O STOCK WARKET———= Stock ana Sales— Dividend Rate. Add 00 High. Expansion of Business in Last Two Weeks Indicates Growth in Traders. BY JOHN F. SINCLAIR. Bpecial Dispatch to The Star. NEW YORK, March 26.—It is now more than three months since the yp- ward swing in the stock market began. Some industrials have recovered all the Josses they made in the November crash, many of them advancing from 40 to 50 points since then. No doubt cheap money has had much to do with this advance, but some unfavorable factors in the pres- ent bus‘nesstgflultlon have been com- letely ignored. l‘Mmye gt‘!:ln 200,000,000 shares have been traded in on the New York Stock Exchange so far this year, compared Wwith 275,000,000 for the same period Jast year. “But go back a year or two. In 1927 only 120,000,000 were dealt in during the corresponding period, and 169,000,000 in 1928. So 1930 is not s0 bad. “The public has become more active in -t‘;?e EUOL‘K market in the last two weeks than at any time since the No- vember break,” said one of the larger operators yesterday. hat Owen D. Young, chairman of '.h:l General Electric, told the Uni- versity of California students is worth iting. fl%i‘w l:‘Agmel‘k:lh industrialists are more widely quoted than he. To millions outside the United States his name is synonymous with the best in American ss 1ife bug:: sentence {{om his speech de- cial mention qyl::ts?\!o man think that the living standards of America can be perma- nently maintained at a ‘measureably ‘Thigher level than those of other civilized countries * * * efther we must lift theirs to ours, or they will drag ours down to theirs. Tariffs and other petty political barriers, temporarily justifiable, will in the long run only accentuate the trouble * * * we are learning in America that the highest level of all, rather than any class, is a wise objective even gr the group perviously privileged. The United States Government suit to prevent, if ible, the p! *"merger of the Vacuum Oil Co., and the ‘Standard Oil of New York harks back to the dissolution of the Standard Oil Co. 1. m‘l"ll:}v Government insists that both the Standard and the Vacuum are engaged in the same lines of business, that of re- fining and selling oil and gasoline in the same of the United States, ularly in New York and New Eng- d. Today they are in competition. If al- lowed '3 gleryle that competition will be red.. dml'heold decree of 1911 enjoined all defendants, including these two com- panies, from entering into any combi- nation In restraint of trade. The Gov- ernment insists that the new merger violates both the spirit and the letter of the famous nlll v:ec\'eel.’.m8 R Both are v arge com . ‘Vacuum Oil bglM'l,m shares of stock outstanding, with earnings of about share. The stock is selling $93 and pays $4 a share an- Standard Oil Co. of New York has 17,364,000 , shares outstanding, is earning about $2.75 per share and is paying $1.60 per share in dividends. ‘At present this stock is selling at $35 to $36 a share. These companies, if al- merge, will make another bil- aroun nually. ‘The upon by ‘movement in ‘the oil industry gets any farther along. Legislation against chain stores is taking a different form. Georgia has a new form of sales tax =2 mills on the dollar of the gross re- ceipts in retail stores and 1 mill on the gross sales of wholesalers. While there is an exemption of $30,000 al- only one claim for exemption to any taxpayer, regardless lun‘I:et of stores. This is where hit. The law now in operation says: “When a manufacturer conducts & manufacturing business and also oper- ;t;elm:uuflmormru,fllo—%m same person or corporation, one exemption will be allowed for the ent business.” tire 3 Is it constitutional? have to decide that later. ‘Texas is handling the chain pt;l;thm parlors, providing there are more five in tge chain. On constitutional grounds, this law is a question mark! Kentucky is trying something else. 1t adopted a graduated sales tax of one- twentieth of 1 per cent on sales T $400,000 a year, increasing to 1 cent on sales of more than $1,000,000. Such & law probably has more chance of get- ting by the courts. Tied up with this law, Kentucky is eonsidering - bill which will require all wtommodities in package form to be marked with a weight, measure or nu- merical count. This is to meet the fre- quent charge that chain stores sell food in packages of smaller size than those in which the same foods appear on independents’ shelves. Heretofore the chain stores have been inclined to take things easily and not react too vigorously against the oppo- sition to them. In the last few weeks, ‘however, the managers of these stores have become more aggressive and started to give their side of the story. And there are two sides to this con- troversy. (Copyright, 1930, by North American News- paper Alliance.) - Union Pacific. NEW YORK, March 26—March earnings of the Union Pacific Railroad are showing about the same dectine from last year as was reported for February, Carl Gray, president, said today. Heavy decreases in grain load- ings and in the movement of lumber, coal and automobiles have contributed largely to the recession. - Business Notes NEW YORK, March 26—Routine transactions are the order of the day in the machine-tool and machinery markets of the country, with demand confined chiefly to single items for re- placement purposes, according to American Machinist. The flow of in- 9814 145% 49% 58% 264 22% 15% 2255 57% 47 192% 43% 127% 135% 16 265 123 56% 104% 97 96% 2% 15% 29% 44% 89 5% 54 80% 36 60% 16% T0% 102% T6% 33% 6% 3 163 4% 18% 15% 38% 2% 41% 6% 37% 50% 04 112% 130% 110 89% 815 25% 88U 53% 23% 104% 4% 37 35% 36% 108 30% FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, MARCH 26, 1930. NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. (Continued From Page 13.) 16% Mexican Seaboard 26% Miami Copper (4)... 53 Michigan Steel (234). 28% Mid-Cont Pet (2).... % Middie States Oll et. 37 Midland Steel (3).... 90 Midland Steel pf (8). 3% Miller Rubber.... 124 Minn Moline Pwr. 72 Minn Molirie pr 63%.. 1% Minn & St Louls.... 46% Mo Kan & Texas. ... | Mo Kan & Tex pf(1). 87 Missouri Pacific..... 134 Missouri Pac pf (5).. 125 Mohawk C Mills (3).. 148% Monsanto Ch (§1% ). 38% Montgomry Wrd (3). 12% Mullins Mfg...... 18 MurrayCor(b2%stk. 35% Myer(FE)& Bro (3). 45% Nash Motors (6, 177 71 Nat Biscuit, n (2.80) 65% Nat Cash Reg.A(14). 45% Nat Dalry (33).. ) 40 Newton Steel (3) 44% N Y Afrbrake (3. 167 N Y Central (8)... 1380 NYChi&StL (6). 108% N Y Chi & St L pf(6) 85 N Y Dock.... 108% NY NH & Hart (6)... 122 NYNH&HDpf (1).. 13% N ¥ Ont & West. 226 Norfolk&Westn(10). 93% North Am(b10%stk) 51 North Am pf (3). 100% North Am Ed pf (8). 84 Northern Paec (5) 82% North Pacet (5). % Norwalk Tire & RI 9% O1l Well Supply. 18% Oliver Farm Equlp. 314 Olivr Fr Eq ev pt(3). 70 Olivr Fr Eq pf A(6).. 2% Omnibus COrp...... 43 Oppenheimer Col (5) 76 Otis Elevator n(2%) 30% Otis Stee] (2%)..... 52% Owens Ill Glass(nd). 7 Pacific Coast.... 524 PacificGas& B (2).. 72 Pacific Lighting (3). W » =ooa TP YPPRTVI -~ o P A o4 48% Paramount-F-L (4), 25 Park l‘] Tilford (33).. 17% Parmelee Trans 'l".... 2% Pathe Exchange. 150 g 11% Phila & Read 8% Philip Morris (1) 29% Phillips Petrm (n2). 1 Plerce Ofl.. 20% Plerce Ol pf. 2% Plerce Petroleum... 33 Pillsbury Flour (2). 45 Pirelli of Italy (3.14). 20% Pittston Company . 27%, Poor & Co (B) (2) 59% P Rican Am To (A)T P Rican Am To (B).. - » 63 Prod & Refiners. ... 814 Public Serv, NJ 3.40. 106% Pub Sve NJ pf (6). 121 TubSve NJ pf 4T) 107% Pub Svc E&G 81% Pullman Corp (4).... 4% Punta Alegre Sugar.. 21% Pure Ofl (1%)...... 74% Purity Bakeries (4). 34% RadloCorp...... 44% Real Silk (5). 3% Rels (R) & Co. . 28% Rels (Robt) & Co 25% Rem Rand (1.60. 10% Reo Motor Car (. Reynolds Spring. 49% Revnolds Tob B (3) 41 Rhine W El P (2.16] 224 Richfield O11 (2). 16% Rio Grande Ofl (2).. 44% Ritter Dent Mfg (13) 49% Royal Dutch (23.20; 93% Safeway Storestes). 481% St Joseph Lead (13). Scott Paper (31.40).. 9% Seaboard Alr Line. .. 823% Sears Rosbuck (33%) 9% Second Natl Inv. 2% Seneca Copper. % Servel Ine... 22% Sharon Steel H (2) 17 Sharp & Dohme..... 36% Shattuck(FG)(113%4) 21 Shell Union (1.40)... 100 Shell Un Ofl pf (53%) 43% Stmmons Co (g3).... 22% Simms Pet (1.60) 28% Skelly Ofl (3) 23% Snider Packing pi 95% Solvay Am In pf 6% 24% So Por Rico Sug (2). 93 139% 1 % 25% M 11 11 101% 106% 6 261 127 ~Prev. 1030~ Stock and Sales— Hien Low. Dividend Rate. Add 00 High. Low. 65% 56% Southern Cal Ed (2). 119% Southern Pactfio (6! 186% 123% Southern Rwy (8) 90 Sou Ry 33 19% 13% 21% 39% 22% Stand B Std Brands pt (7)... Stand Comm Tob. ... 5 Stand Gt 9% Stand G 107% 107% 941 391 26% b4 40% 13% 67 1% 6% 55 30% 19% 21% 48% a7 128% 25% 11% Stand O 54 Sterling Telauto 88% 88% 64 64y 50% 50 [51% 34% 845, 28 29 42 484 115% 115% 5 95% 95% 8214 8218 28% 29 55 55% 4% 445 1871 1887 138% 138% 110 110 43 48 124% 124% 132 138% 16% 154 258% 258% 12016 122% b5% 56w 1044 104% 93% 93% 9 94 2% 2% 12% 12% 29 29 Timken Timken ‘Tobacco Tobacco Transcol Truscon Union Bt Union O Utd Pap 98% 102% 14 Ind caaqgaecgacacaaa nurnueLunnnen Wabash T1% 26% 48% 564 13% 6% Warner 12 112 129% 129% 110 110% 81% 5% 24% Wess Ot 40% 43% 1264 1264 63% 64 3% 4 a2 n 384 38% 14 14 % 7 5% 56%, 43 26% 23% 56% 45% 62% 98% 56 117% Fox Fil 30% 24% 46% 23% 23% 103% 103% ATH 4T% 34 34 27% 27% 110% 110% 34% 34w 32 32% 108 26% 26% 6%% in stoek. 27% | stockholders. Stand Invest Corp. .. . Stand Oil Exp pf (§). Stand OIIN J (12)... Stand Ol N Y (1.60). Sterling Sec A. . Symington. . Symington (A). s n Cop & Ch (1). .. s Corp (3) Gulf Sul (4 Thatcher Mfg (1.60). The Fair (2.40)...... Thompsn Prod(2.40) Thomjpson Starrett.. Thomp-Star pf(3%). Tide Water Asso 6vc. ‘Tide Wat Asso pf (6) Tide Water Oil pf(5) Twin City Rp T (4). Una-Ell-Fisher (6. Union Carbide (2.60) Union Pacifie (10)... Utd Atrcrafi& Trans, Utd Afrcraft&T pt Utd Biscuit (1.60) Carbor Virginia-Car Chem. . Virginia<Car pf (7).. Waldort Sysum Walgreen pf (6%4)... Walworth Co (3)...s Ward Baking B... Ward Baking pf (7). Bros P pf (3.20) Webster-Eisenlohr. . Western Union (8).. Westinghse A B (2).. W Woolworth (2.40)... Worthington Pump.. Worth Pump B (6) Wrigley Wm (4) Yellow Truck & C. Young Spring (3). Young Sheet & T Zenith Radio........ RIGHTS EXPIRE Am Roll M., June 16 Int Tel&Tel. . May 1 g:em;m‘ May 1 Sales of Stocks on New York Exchange. n cash or stock. f Pl Plus 2% in stock. J Plus 8% in stock. k Plis aPls 5% in siocl M&Oet(4).; Spalding(AG) (3) Spang-Ch: . Sparks Withngta(1). Spicer Mfg. . Splcer Mfg pf (3).... alfant. rands (1 2% i 119% 6 as & El (3%) 111% 4 6 &Ept(4). o 5% | 101 2% 35% % 17% ) 5% 40% 97% 414 % 0] 254 1% 5% 15% 20 16% 58 65% 13% 29% 26% 28% 36% 17% 49% 16% 88 of Cal (2%). Sec ev pi Stew-Warner (h3%) Cp (11.26) 90 17% 81% 4% 10 20% 26% 38% 36% 24 127% 13 99% 46 237% 8 Det Ax(: Roller (3) Products. .. Products A.. ntl O11(30¢) e) . Stl (g1.20).. ag & Paper. . 1l of Cal (32) 3% 0% 6 39% erboard. United Stores A. pI. Freight (3)....a Alcobol (17). Leather. Leather A......» Pipe & Fary (2). Pipe 1st pf (1.20) Plpe&F 2d pf 1.20 Realty (6) 4% 39% 6% 8% 60 28% 103 40% 10% 72 -Car 6% of.. %) Bros Ple (4). 1 & Snow (2). o e Mook onSanEaan~ane » m del 660,000 12:00 Noon. 2,043,900 8,754,200 annual cash a 10% in Plus 6% % in stock. lus k. pSubject \o approval or NEW YORK BANK STOCKS NEW YORK, March 26 (#).—Over- America Banks, Bid. Asked 135 138 Bank of U, Ch Units Broadway National . Chat. Natioia 2t A ‘Nati riman Mannattan Co. Bankers' .. i = Exchange . County .. Corn 1 Hahover ical !Il:l( & Trust Menufaciurers Bllted e “Staies INVESTMENT TRUSTS NEW YORK, March 26 (#).—Over- {he | the-counter market: Qquiries continues unabated, but from the | Am. & Cont. Corp. . standpoint of orders closed machinery | Assoc. Standard Oil' toc Basic Ind purchasers are still marking time. The power output of the electuic sub- nldlnn':g of the American Water Works & Electric Co. for February totaled 153,~ 736,775 kilowatt hours, a gain of 4 per | Diversified Pederats d Trust cent over the output in the correspond- ing month of 1929. Segal Lock & Hardware Co. has entered the automobile accessory and equipment fleld with a new lock, de- signed for cars of various styles. The Empire Gas & Fuel Co, sub- sidiary of Cities Service Co., has com- leted a large producing 5reek field, Guadalupe County, The well flowed for two and one-half proration. Chain Chat Chatl Chemi Cont. Fixe Gran Petrol Stand. Collat, Trust Shai Trustee ot NEW YORK, March 26 (Special) — well in D;l”xl %loeow Yo‘rk bank clearings today, $1,317,- 12% it try Shates pe Invest. new & Gen, Eauities Store invest. new . am & Phenix Allied ical Nat. Assoc. . Metro. Bank Sh Trustee Shi Cap. Gom. ares A er Trade .. um Trad. A 5 ed &, o Standard OfI Sha hers unchanged.) HEEEIE BANK CLEARINGS York ba 000,000; & year ago, $156,000,000, SHORT-TERM - SECURITIES. (Reported by J. & W. Seligman & Co.) 4% . ‘65 1937, 103 | s 1940 011 56 3967 95 1 00, | pares as Pure D 5! Shell Unlon Oil Co, Sinclair Crude Ol Cq 1937 58 3 Oil of N. J. o 58 1046 100 981, 103% 103 521 BOND ISSUE AWARDED. BALTIMORE, March 26 (Special).— A local banking group, headed by Baker, Watts & Co.; Nelson, Cook & Co., and Townsend Scott & Son, was the $500,000 issue of Baltimore 4%, per cent road bonds on a high bid of 105.96 yesterday. ‘The btonal wer% u d on a 4.125 per cent basis, ] was generally re- garded as a good g the local curities mature financial district. 11:'2"2 ugt.n.m each April 1 from 1954 to . SILVER QUOTATIONS. NEW YORK, March 26 .~—Bar silver, 42%; Mexican dollars, 31%. M’CRORY CORP. ADOPTS NEW ACCOUNTING SYSTEM sued its annual report for the year end- ed .December 31, 1929, Net income from store operations for the year was re- ported at $2,201,487 after interest, taxes, etc, equivalent, after preferred divi- dends, to $4.16 per share on 457,495 combined common and class B shares outstanding. This compares with $2,199,727, or $4.15 per share, in 1928 on the same number of shares. Profits from the sale of real estate and other non-recurring items have been elimi- nated from this statement, which com- follow. Year Ended December 31, 1929, 1928, o 44703005 541,105,324 gperations, axes 473, PeadiX R at 272,004 Net income from _ store operations. Preferred dividends. . 2,471,603 271,876 iricome. per cent) . $2,201,487 32,199,727 299,989 299,988 Balance for com- " Per Shatl 1! b I On the basis of the old accountin; system, net profits for the year ends December 31, 1929, after interest, taxes, etc, were $2,223,233, equivalent, after preferred dividends, to $4.20 per share on both classes of common stock, com- plnn(pgith net profit of $3,120,995, or $6.17 share, in 1928. ———— MONEY MARKET. NEW YORK, March 26 (F)—Call money easier; 3% per cent all day. Time loans s ; 30 days, 3% 60-90 days, 3%a4; 4-6 months, 4adls. Prime commercial paper, 3%a4. Bank- T8’ acceptances firm; 30 days, 3.2&. 60-90 days, 27%a2%; 4 months, 3a27: 5-6 months, 3a2%. v FINANCIAL. BONDS IRREGULAR | [ox-mew sons BONDS oce ecuavee] STEEL OPERATIONS ON FIRMER MONEY Volume Falls Off as Prices Fluctuate in Narrow Range. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, March 26.— Following another increase in bankers’ acceptance rates, presaging a firming of time mon- ey, the bond market presented a ragged appearance today in its price fluctu- ations. Volume was slightly less than that of yesterday. Acceptances now stand at 3 per cent for 30 days, 2% per cent 10‘060 to 90 days and 3 per cent for 4 9 months. A year ago bankers’ acceptances ranged from 5% to 5% per cent. Money is still in plen- tiful supply and the regular month-end transfers are not expected to have any wide effect, but the rates have stiffened sufficiently to halt any further upward movement of bonds until such time as other factors are changed. A total of $13,325,000 of new bond issues were put out today. The largest was $12.000,000 Nickel Plate 415s. They were offered at 971 to yleld 4% per cent and traded in small volume on the Curb Exchange on a when-issued basis at about the offering price. British Columbia, offered $4,055.000 of 5 per cent serial bonds at prices to yield 4.90 to 5 per cent. The market was still a selective affair. In the high-grade section, a group of public utility bonds were favored. There were advances in American Tele-. phone 515s, Utah Power & Light 5s, American Tel@phone 5s (1965) and In- ternational Telephone 5s (1955). De- clines were the rule in the prime rail- road. Atchison General 4s, Canadian Pacific 4s, New York Central 4s, Frisco “A” 4s and Northern Pacific 4s all were slightly lower. United States Govern-, ment obligations were quiet. Convertibles continued their activity. Those turned over in heaviest volume were Texas Corporation 5s and Ameri- can Telephone 4'2s. The general in- terest in railroad stocks was reflected in improvement in railroad convertible bonds such as Alleghany 5s, New Haven 6s, Chicago & Northwestern 43s, Balti- more & Ohio 4%s, Atchison 4l5s, ?fpst-hem Pacific 4!2s and Rock Island 48, o The same interest in railroad securi- ties brought strength into Chicago & Eastern Illinois 5s, Chicago & Great Western 4s, Rock Island 4%%s *(1952), Denver & Rio Grande Western 5s, In- ternational Great Northern adjustments and Missour] Pacific general 4s. Most of these securities are directly or indirect- ly affected by the consolidations and changes of control incidental to the operations of the Van Sweringen group. Foreign dollar bonds were firm or fractionally higher. German reparations 7s were active and nearly a point higher. At 1097 this issue is at its highest point since 1928. Washington Stock Exchange SALES. Capital Traction 55—$1,000 at 943, $2,000 at 953, $5,000 at 96Y,. ‘Washington Gas 6s A—$100 at 102. Capital Traction Co.—2 at 80. Po‘ullln Electric Power 6s pfd.—2 at 21, w;.;gtnmn Rwy. & Elec. com.—1 at American Security & Trust—10 at 425, 7 at 425, 3 at 425, 20 at 425. National Savings & Trus: Co—10 at g:!on ;l;’uxb—&::y?fiy’. evy Chase pfd—5at 10214, Lanston Monotype—10 at 115, . Peoples Drug pfd.—10 at 106. AFTER CALL. Washington Gas 5s—$500 at 10114, Capital Traction Co.—$500 at 96. Washingics By & Flows pia: 1 Rwy. lec. pfd.—: 963, 10 at 963 " e Potomac Electric 65 pfd.—15 at 112. Comimercial National Bank—10 at 239. Bid and Asked Prices. BONDS. PUBLIC UTILITY. ked. Amer. Tel. v Amer: ek & 1017 Am. e & Pol als & 5 C. & P. Tel of Vi Capital’ Traction R City & Suburban 5s Georgetown Gas 1st FPotomac Electric cons, Potomac Electric 6s 1953. Wash., Alex. & V. etf. Wash., Balto, & Ani Washington Gas Ss. yin g & i Wash. Rwy. & Elec. 4 L . MISCELLANEOUS. ar! & Ross, Inc 6% Cham.-Vanbit. Hotel 6% Chevy Chase Club 5% D. C. Paper 8. Pot. Joint Stock Ld. Wash. Market Cold ‘Wash. Cons. Title s. STOCKS. PUBLIC UTILITY. n Tel. & Telga. B tora yy2E0x Esgs NATIONAL BANK. National C Columbia Coleal Commercial Distri America Contine) Trust . Washington East Washin, McCrory Stores Corporation has is- g tes. Washington Mechanic: FIRE INSURANCE. American i remen National Union TITLE INSURANCE. Columbia Title. Real Estate Titi Title & Inv. of Md. com. MISCELLANEOU! Ross, Inc.. vy ohate Bairy pra - Tavel b | ol Band & G D. ©. Paper_ ist. Natl. Secus Bromo e Dl Bisteions Feder Stora Feder Pederal-Am Lanston Monotype . Merchants' Trans. & Stora Rereatialer Linotype ergenthal Natf Mtse. & Inv. pid. PEGTIE! Drug Stores pfd, Real Est. Mtge. & G Becurity Stor: Ter. Ret. & Wh The Carpel Corp. © Wash. Hec. Meke. com. Medical Bldg. Cor hrop PARIS BOURSE PRICES. PARIS, March 26 (#).—Prices urregularly on the Bourse todlyfmwa ‘Three per cent rentes, 88 francs 50 centimes; five per cent loan, 102 francs 55, Emumeu‘ ange on London, 124 francs 27% centimes. The b g _— ’:logn ‘was quoted at 25 urse will e A hnlld-y?e closed tomorrow, . Interstate W ‘;uw Ethm. are being UNITED STATES. (Sales are 1 $1.000.) Lib 3% e Lib 1st 4%s.. Lib4th 4%.. 494 102 US3%s 43.. US3%s ¢ USds 1944, US4% 52, 101 FOREIGN. Sales. High. Argentine §sJu 5t 1 1956. . Belgium 7s 1956. .. Belgium 7%s. Belgium 8s. .. Rolivar 7s 68 Bolivia 7s et €9, Boliviafs... Bordeaux ‘oo Brazil 6145 1926. .. Brazil 6448 1927, Canada bs 1931 Canada 5s 1953 11 Vancouver, | Gn Colombia 6s Jan 61. 1 Copenhagen 63 Danish Munie 8s A. Danish Munic 8s B, DEI5%sNov5i., Dutch East 147, Dutch East T El Saivador 8 Fiat 78 ex war 4 Finland 6%4s. Finland s £ 6 45 Greek 6s 1963 Hait) 6s. Hungary 7% Irish Free State 5s. %! .. Jugoslavia Bank 7s Marsetlle . Mex 451904 asnd... Mexico 4s 10 asnt. , New So Wales 57. New So Wales Norway 6s 1963. Norway 6%s. Norway 6s 1943. Norway 6%s 195 Orfent dev 6% Orlent Dev'mt Paris-Ly-Med Paris-Ly-Med Paris Orleans 6%8.. 960 Porto Alegre Prague 7% Queensland 7s. Rhine Wst EP Rhine West 68 63. . Rhine Wst EP 7s 50 Rio de Janeiro 6 %8 Seine 78 42.. Serbs Crot Slo 8s. .. Shineyetsu 6%s 63. 6s. Tokio 645 1961, Uta Kingm §3a 31 3 99% 99%, 99% Sales. High. Low. 2:85. 66 10011 1007 1009 47 10116 10112 101 15 29 10130 56 10112 100 28 100 28 7.. 110112 10112 10112 31 10816 108 14 108 14 26 11216 11210 11210 Low. 2:88. 99% 99%. 99% 995 99% ' 99% 95% 951 99% 99% 991% 994 841 84% 91% 92 % 91% 107 107 97 97 103% 103% 108% 108% 112% 112% 109% 110 115% 115% 110% 110% 108% 9% 90% 9614 100% 108% 1184 128% k104 8 85 82% . 83% 99 99% 103% 104 874 8TU 863 8T 93 934 101% 101% 102 102 100% 100% 103% 103% 93 99% 93 93y% 103 108 81% 81% 2% 92% 977% 98 100% 100% 110% 110% 110% 110% 109% 109% 931 93% 101 101 104% 104% 101% 101% 101% 101% 101% 1025 108% 108% 941 94% 90% 90% 96% 961 1004 100% 108% 108% 117% 1184 123 123% 92% 92% 96T 9674 108% 109% 104 104 88 88% 9T 98Y, 104 97 9T% 100% 100% 9% 9% 961 96% 103% 104% 84 84 80t FO% 98 98 103% 103% 108% 103% 12% 12% 12 12 M 4% 101% 101% 108% 104 103 103 % 103% 103% 102% 102% 92 92 9% 99% 102% 103 105 105% 100% 100% 83l B3l % ¥8% 9% 9T 0% 81 8T% RT% 974 97% 100 100 106% 106% 107% 107% 924 92% 92y 924 102% 102% 94 9% 100 100% 99% 100% 108% 108% 103% 103% 108 1084 100 100 99% 100 81 81 934 93% 104% 104% 100% 100% 99 994 90 90 824 . 82% 9% 9Tn MISCELLANEOUS. Abitibi Pa&P 08’63 11 Abram&Straus 6%s 3 Ajax-Rubber 8s.... 3 Alleghany Cp 63 44 85 Allsghany 65 49. Allis Chalmr: Am Agri Chem T%s AmChem 6%scv 49 16 Am Int Cor 6%8 45 4 2 At Gult 663, .. Bell Tel Pa 63 B. Bell Tel Pa 6s C. Bethlehm Sti pro Beth Steel rf 68.... Certn-Td 633 rots Chile Copper bs. . Col G&E] 68 May 63 Colon Of1 3 . 6 Com Invest 6%s 49. 69 Com Invest 65 '48.. 10 Con Coal M\ ConGas N Y & Cuban Am Sugar CaARERL 2D 2 Donner Steel 78. ... Duquesne 43 67.. Bast Cuba Sug 7% Gen Mot Ac Cor 6s. Gen Pub Serv 5%s. Humble O & R HumbleO& R 11 Bell 111 Steel 4% 8 40. Inland Stl 4 %8s Intl Cement 68 48, "ntl Tel&Te! Lackawanna S ede Lacle Laclede G 6% Lautare Nitra: Ligget&Myers Loew'a, Ino . Loew’s wowar., 42 Lorillard oo 1 1 LouGas& El6s63. 1 MeCrmick ER6s34 1 Midvale Steel 87 100 65 104 103% 101% 1 102% 101% 2101 86% 86% 100 100 64 64 108% 104 103 103 101% 101% 104y 104% 106% 106% 100% 101 894 894 101% 101% 104 104% 167 169% 103% 104 104% 104% 1033 103% 106% 107% 101 101 8214 824 0% 9% 85% 5% 78 78 105 106 1074 107% | Richfietd O1l 6 101% 102 102 102 57% 58% 98% 100% 6% 57 106 106 100 100 102 102 103% 1034 107 107% 9715 88 1034 103% 99% 99% 8 86 108 102% 101 101 106% 106% 107 107% 96% 95l 101 1014 1024 102% 103% 103% 100 100 94% 94% 106 100 99% 99y MU 97K 101% 101% 101% 101% 103% 103% 8415 84w 108% 1044 119 102% 102% 101% 101% 100% 101 1§ w. 2:88. Suie i U™ 168 6 10148101 101 ® 3 84% 84 B4% 17 100% 99% 100% 1 2T% 27% 2% 4 106 105% 106 11 114% 114 114% 2 95% 95% 954 6 100 99% 99% 10 106% 106% 106% 7111 111 111 5 104% 104% 104% 17 102% 1024 102% 3 101% 101% 101% 3 101% 101% 101% Mor’s & Co 1st Nat Dairy 64 #. Nor States Pow Pacific Gas & EI §s. PacT& T 6562 5105 105 106 PacT& T 1st . 3103 103 103 Paramount 11 102% 101% 102% Pathe Exchangefs. 7 556 55 55 Peoples Gas 7 102% 102% 102% Phila Co 6 39 100% 100 100% Ph 5 99% 994 99% 90 95% 94 154 5 103% 102% 102% 2 97 97 97 Read 4 Enillips Petro 6%s. Pilisbury F' M 65’43 Por Ric Am Tob 6 Postal Tel £C 6 Pressed St Car Pub Serv G Y Pub Serv Gas 4% 984y 100% 100 100 97 97 97 100% 100% 100% 10214 102% 1024 103% 103% 103% 995 99% 99% 9% 9% 9TH 103% 103% 105% 104% 104% 104% 104% 104% 104% 103% 103 103% 9% 9% 9Th 102 101% 102 107 106% 106% 98 104% 104 104 3 102% 102 102 16 98% 98 98y 88 BT 8T% 100% 100% 100% 100% 100% 100% 93% 92% 93% 58 58 58 934 93 93K 1071 107% 1074 88 838 88 104 - 103% 104 103% 103% 103% T09% 109% 109% 104 103% 103% 38% 38% 384 15 100% 100% 100% Win Repeat Ar 7%s 2 102. 102 102 Youngstn S& T 6s. 4 102% 102% 102% RAILROAD. 9% 9% 4 91% 6 95 94% 94k 21 139% 138% 139% 19 91 91 4 93% 93% 93% Balto&Ohto gold 48. 10 94% 94% 94% 25 100 100 100 150 108% 103 = 103% 103% 103% 103% 102% 102% 102% 106 105 105 109% 109% 109% 94% 94 94% 104% 104 104 86% 86% 86% 88 88 88 38 38 38 100 100 100 94% 9416 94% 9% 99% 99% 87% 87 87% 4% 94% 94% 98% 98% 961 96Y 96% 96% 95% 95% 102% 103 102% 102% 3 100% 100% 100% eees 21 111% 111% 111% 32 RT% 86U 86% 2 100 100 100 8 103% 103% 103% 3., 1; 109% 108% 109% South Bell Tel 8s. .. So Por Rico Sug 7s. Southwest Bell bi Tenn Cop 63 B 44... Tenn ElecPowés 47 Tex Corp v bs 1944 Transcontl O1l 6% 8 U S Rub 1st rf U S Rub TH4s.. Utah Pow & Lt Utilities Pow 6% Vertientes Sug 7. Walworth 6s 45 Walworth 6% s 35. . War Quinland 6s 3! Western Eled Wedtn Union Westn Union 8%, White Eagle O 5% Wick-Spen ev 7 Wilson & Co 1st 64 20 20 2 . 14 96 1y '69 25 103 Can Natl 6s Oet "69 21 103 Can Nor 4348 1935. ‘Can Nor 7 Can Pae deb 4 38 101 100% 100% 2100 100 100 3 9T% 9T% 9TH 18 98 97 97y 3 103% 103% 103% 21 68% 67T 67T% 2 65% 65% 651 1 10615 106% 106% 5 % 83 /214 Chi Gt West 48 59., 24 06 71 CM&StPGen89.. 37 87% ChiM&StP4%sC89. 2 95% Chi MIISP&Pacbsit 20 94% CMS8P&Pac adj5803. 21 76l *hi & NW gends... 2 90% 1& N W con 4%8 35 102% 102 Chi & NW 6%s. Chit Rvs ChiRI&P ChiRl&P ChiRI&P Chi St P&O Chi Un Sta 4%s. .. Chi Union Sta 6%s. C& W Icon & CCC&StL deb 4%n, 3 1 Clev Term 4%s*7T 76 981 98% 98% 5 105% 105% 105% 7 F1% B1% Ches & O gen 4%s.. Ches& O CMI”.A'. 90% 102% 7 109% 109% 109% 6 8 % 9% 1 9% 9% 91y . 14 98 95% 9% 5 96% 95% 95% 1 100% 100% 100% 99 99 99 81% 90% 64 931 95% 98 a8y 30 98 86% 86 3 95% Del& Hud 1strfds 7 Den & Rio G cn 4s.. 25 DRG & Wai [l 8 DRG& Wat §378. 18 Des M&FtD 4sctfs. 1 Det United 4%s.... 4 Erie 1st cons 4s.... ErfeconvesA..... Erie Gen 4 Erie cv 6a 67. Erie & Jersey Erle (Pa) clt tr 4 Fla Fast C 6874 Fonda J&G 4% Gr Trunk st ab Grand Trunk 7s. Gt Nor 4%3s 76 D. Gt Nor4%sE 4 98 9R' 98 Gt Nor bs. . . 3 107% 107% 107% Great Northn 1st 88 14 96% 96 964 Gt Nor 6% 1 110% 110% 1108% Gt Nor zen 22 112% 112% 112% Green B& W 4 8 32 30% Hav El Ry 5s 52 3 82 82 Hud & Man &) 13 83 821 Hud & Man ref 6s. 2 98% e8% 11 Cen 10 98 93 6 100% 100 7 108% 105% 105% 10 98 98 98 1 106% 106% 106% 32 TN 1 TI% 36 T T1 Tie 3 641 641 64% 77 93% 93 93u 1 964 96% 96% 8104 104 6 90% 90 9% 92% 9674 35 9674 96% 38 101% 101% 101% 7 914 91 9 94 30 98% 87% 86 87% 86 83 95 0 6 2 50 32 % 1 112% 112% 112% 6101 101 101 6 61% 60 61 1 34% 34% 34% 11 106% 106% 106% 110% 110% 98 9% 82 82 98% IM1-C-C-StL&NO b Int Rapid Trans 6 Int Rap Tr 6s stpd. Int Rapid Trans és. Int Raptd Trans 7 Int & G Nor 5s 1956 Int & G Nor 1st §s, int & G Norad{ Int RysC A 68 Int Rys C A 63 41 lowa Cent 1st Kan City Ft 8 Kansas City 8 61 Kan City Term 4s. Lent Valcn 4s. Lehigh Valley 6820 Long is deb b3 L& N 4%s 2003 . Louls &WNash 7s... 2 100% 100% 100% Market St 78 .. 16 951 95 96% M El Ry&Lt 4%s 1 100% 100 100 61 1 102% 1024 102% 5 100% 100% 100% 89 89 89 « 19 107% 107% 107% MK&Tprinbs A, 9 81 6 101% 101 2 100% 100% 100% 9 2 102% 102% 102% 7108 103 108 3 80% 0% 80% 11 91% %0% 91 10 98% 8w 98w 2 106% 107% 105% 3 106% 106% 106% 10 9T% 9T% 9% W 19 107% 106% 106% w:g::';‘:l. SHOW SLIGHT GAIN Improvement in Sentiment Noted by Iron Age Weekly Review. By the Assoclated Press. NEW YORK, March 26.—Sentiment has improved in the iron and steel trade, Iron Age says in its weekly review, but to what extent this change is based on hopes rather than on justifiable expec- tations is still uncertaln. Among the favorable straws, it says, are an up- turn in steel production, following a continuous decline since the middle of February, and scattered evidences of better demand. “Although neither the gain in output nor the expansion of business is large,” the review states, “the pronounced con- servation of buyers makes the ine unusually sensitive to fluctuations in the requirements of its customers. Mill back- logs are small and price unsettlement discourages forward contracting. Hence any rise in commitments can safely regarded as reflecting an increase in the actual needs of t'.e consuming trade. “The ingot ‘output of the two largest producers continues at slightly above 80 per cent, but the opcrations of some of the smaller interests have shown im- provement, raising the average for the entire country to 76 per cent, compared with a shade below 75 per cent a week ago. The rates for the two leading steel centers, Pitisburgh and Chicago, remain ;lnchrnged at 75 and 95 per cent, re- ively. “The most impressive indication of & seasonal upturn in business is seen in the placing of 100,000 tons of plates with Chicago mills for gas and oil pipe, including 60,000 tons for a 24-inch gas line from Texas to Omaha. On top of these bookings, the steel trade looks for considerable business in E’w for gaso- ‘l’l:xsxrrymzhli:'es. in which 0'2 com= are chowing a growing interest. The Gulf Refinin Co‘!ra mentioned planning a line line across the State of Pennsylvania, similar to that contemplated by the Sun Oil Co. “Seasonal influences are also seen in better orders for sheets and other light rolled products from sources other than the automobile industry and in the rounding out of a record-breaking high- way program, which promises to get under way in April. “Less reassuring are the week's de- velopments among consuming lines that have been giving the steel industry its greatest support. Structural steel awards, at 20,000 tons, are the smallest since the end of February gn with 37,000 tons a week ago. nding inquiries for frei Ccars are the smallest in a year and the week's purchases were limited to 500 cars. “Structural steel awards in the past week failed to make a favorable show- ing for this time of the year, totaling about 20,000 tons. - There were few of outstanding size.” The Iron Age composite grlcu Te- main unchanged, pig iron at $17.75 a gross ton, and finis] steel at 2.312 caats a pound. Baltimore Markets Special Dispatch to The Star. chickens, young, 33a40; Leg- 38; old roosters, 17a20; capons, a38; ducks, 17a30; old hens, 28a29; 20a27; guinea fowls, each, 40265; pigeons, pair, 30a35. Eggs—Receipts, 1907 cases: nearby firsts, 25%4a25%; hennery white, firsts, 26a26Y; duck 0. Butter—Good Potatoes, white, 100 pounds, 2.25a2.65; sweet potatoes, barrel, 1.75a3.00; yams, barrel, 1.7523.00; asparagus, dozen, 2.50 a7.00; be:u cr;ofie. 3.&(:!.25; beans, hamper, 4.5026.50; ca ham caulifiower, crate, 1.75a2.50; ecelery, crate, 2.50a3.75; its, crate, 1.50a Bushel, S0a7Ts; ontons, 100 pounds, 150 a2.00; peppers. crate, 1.50a4.00: snips, basket, 40a60; a75; squash, bushel, zm: toma crate, 1.25a3.50; hamper, 75; apples, bushel, 75a3.00; graj pefruit, box, 2.7584.75; 3.2585.50; Wheat—No. 2 red Winter, export, 1.081%; No. 2 red Winter, gar) spot, March, 1.07%; No. 3, lieky, no_quotations. ik Corn—No. -2, domestic, yellow, new, 94a95; cob corn, new, 4.65a4.75. Oats—] 541:a55; No. Rye—Nearby, 80a85. Hay—Receipts, 13 tons; no change in market; somhlm.u w arriving, but hardly u) enug pon NY 11 102% 102% 102% 18 95% 94 94% 23 134% 134 134 3 105% 105% 105% 41 63 61 61 51 90 6% 1 91y 1 67T% 10 92% 91% 1 112% 112% 1 5 90% 90% N N N N 51 90 6% 4y 8 1% 12% 90% 4 7 Norfolk & W en ¢s. Nor Pac 3s 2027 Penna 4s 1948 stpd. 2 97 96% 97 22 100% 100% 100% 13 100% 100 9 109% 108 24 104% 104 Penna 643, 4 109% 109 109% PaOhlo& Det 434s. 4 98 98% 984 Pere M4%s1980 wi 36 98 97% 98 7 104% 1044 1044 10 109 - 109 109 1100 100 100 5 100% 100% 100% 95 95 95 99 98% 9% 87% 854 8T’ 98 98 92 91% 91 94 94% 93% 98% 1 103% 103% 103% 9% 9 99 Penna g Penn bs ‘64 RIArk& L 4%e Rio G West el ¢s... StLSWiess3 StP & KCShL ¢%s. Seab AL ref Seab AL con SB Al Fla Sou Pac elt 9% So Pac 433 '69 ww. Sou Ry & Sou Ry con 9125 125 125 Term Asso SLés... 3 90 90 90 Tex & Pac bs 81511 2 1024 1024 102% 25 1024 1024 102% Third Avead) be. Ulster & Del 43 52 Union Facltic 1st ¢n Virginia Ry 1st 8s. Whash 4a T8 rets 9 941 94 94% s 1 101% 101% 101% .9 NAL 83 N3k West M 5348 77... 10 100% 100% 100% West Pacific 68..,. 1 95 98% 98% %0 90 . 10 %0 < 83 W% s