Evening Star Newspaper, March 27, 1930, Page 14

A—14 YOUNG CONFIDENT OF STABLE MARKET Federal Reserve Board Gov- ernor Does Not See Early Recurrence of Hysteria. 3Y JOHN F. SINCLAIR. Speclal Dispatch to The St NEW YORK, March 27.—Gov. Roy | Young of the Federal Reserve board | does not believe there will be any im- mediate recurrence of the stock market hysteria of 1928 and 1929, Before the American Au- tomobile Associa- tion executives last week hfi intimated mucl “The in the stock mlrket prices and the increase in brokers' loans have been gradual Gov. Young thinks that the catastro- phic market de- clines last, year will not soon be for- that they will hold back any artificlal ef- ad .uce Reserve im]‘fuhgq éf.s wn inv xml problem on ands %‘he iast report shows member banks now have bills discounted at the re- serve banks totaling only $205.000,000 as compared to $942,000,000 a year ago. Pretty small business that. Just how much reserve credit should be poured into the market by pur- chasin, Government securities is still an undetermined guestion. Federal Re- serve Iufl’lolg'éles ll':i going slow while ey study tl uestion. m!i(nmlyuon ‘llram ‘Washington indi- cates that a thorough investigation of lhe genenl credit situation, with spe- mphasis on the Federal Reserve licy during the last two years, may Ig?l undertaken at this ses- sion of Comngmmdlwm‘fltm;opes to middle of .d"lnhlu?l.:lyy definite legislation dealing ‘with the subject will be enacted or even introduced at the present session no one now believes. looks as though ugh the Canadian Pa- dflI: Rallroad 'fll‘be authorized by the Canadian Parliament to exchange its shares four for one, by reducmg the par value tmm $100 to $25. The growth of the Canadian Pacific parallels the mwth of Canada. From 1880 to 1885, when its line from Montreal to the Pacific was being com- , its common stock was mcreusg Gov. Roy Youns. the. mow.wlmflpamtolmueuu in Canada. ‘Who owns its common stock? Ac- to President E. W. Bcltty, 18.07 in Canada, 42.09 per cent in England, 32.06 per cent in the United States, and a small amount else- ‘where. Last year was an unfavorable trans- woion year in the Dominion. The | 's gross receipts were $19,000,000 less than in 1928. The less- | ened wheat movement abroad is respon- sible. The wheat pool, with over 200,- 000,000 bushels o1 h.lnd. refuses to lell at “sacrifice prl Bumpe So rail- ‘This year's reee :hould be larger. The second largest steel plant in the vuflfl is about to begin construction in Mountains of Russia, where a -.auuu.‘ for the expenditure of $182,- * 000,000 has been given to Arthur G. McEee & Co. of Cleveland, Ohio, by the Soviet government. ‘When the McKee organization, which has been in the steel plant construction business for 25 years, completes its job, plant, which employ 40,000 will have a finished steel capac- 2,100,000 tons. Soviet government will supply all tcflfls in the construction, American firm will nupply the muhmm—-mootl from the United tes—and train the Russianc how to A rich body of magnetite ore' lies 3 coal, miles away, will f reece. citizens of the United States have a enviable name outside C. Ulen, the head of Ulen constru and - re now world-wide. American firm is building a rafl- road 1,000 miles long in Persia and an- other across the Andes. It is carrying in Colombia and parts America, and it is just now buudmg & modern system of water works ancient Athens, Greece. Henry C. Ulen, the head of the or- tion, was born in Lebanon, Ind., but became a world traveler early in life. He saw the need of a better f construction in various parts of ti He returned to Lebanon and from this little city started the work which brought him both fame and for- . Edward Howe, Kansas philosopher and writer, also born in Indiana, makes this statement about Mr. Ulen: “I regard such a man as more notable and useful than Shakespeare, Demos- thenes, Peter the Great and many other tiresome favorites of history. * * * I love the story of the poor boy who makes good, and I hear Henry C. Ulen was not only poor when a boy, but noisy and lazy; he hated school, and mothers in Lebanon said to their sons: ‘Don’t play with that Ulen boy.'” 'h in that there are no si iy b E ‘Whicl success rules in life. ‘There is & well founded belief that the cheapening of credit throughout the + world do much toward reviving , international trade. All nations are re- porting a drop over the preceding year. | The total export of merchandise from ' the United States in February was $351,000,000 compared to $441,751,000 in the corresponding month last year. But imports for February were $281,000,000 as against $369,440,000 in the same month last year. Great Britain reports the same situ- FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued From Page 13. ~Prev 1930.~ High. Low. 52% 45 Magma Copper (6. l;% 8 Mallinson & Co. 8 19 e 4% Market St Ry 2d pf. . 8y4 Marlin-Rock (14%).. 20% Marmon Motor (2).. 3Ti Mathleson Alkill (2), 49 May Dept Strs (n2).. 164 Maytag Co (+2). 29% Maytag Co pt (3). 26% Meiville Shoe (2). 15% Mengel Company (2) 16} Mexican Seaboard... 26% Miami Copper (4)... Michigan Steel (234). 2314 Mid-Cont Pet (2).... % Middle States Ofl ct.. 37 M Steel (3)..0 3% Miller Rubbef ) - P ron o n & Tex nffl). 87 uri Pacifie..... 25 Mohawk C Mills (3).. 48% Monsanto Ch (g1% ). 38% Montgomry Wrd (3). 3% Moon Motor s 584 Morrell & Co (4.40).. 1% Mother Lode (40¢). . 261 Motor Wheel (3).... 12% Mullins Mfg. . 18 MurrayCor (b2 %stk. 35% Myer(FE)& Bro (2). 45% Nash Motors (6).... 18% Nat Acme (1%) 11 Natl Air 9% Natl Bellas Hes 71 Nat Biscuit, n (2.80). 65% Nat Cash Reg.A(14). 45% Nat Dalry (32). . 29 Nat Distillers (2). 27% Natl Enameling (2) 137 Natlonal Lead (18).. 32 Natl Pwr& Lt (1)... 1 Natl Rys Mex 2d pf. 102 Natl Supply (5). 70% Natl Surety (5). 26w Nat Tea Co (2). & o elruanaSvemoBrareeTeERE-na 9 . 13 51 NewbortCoA (3)ssm 40 Newton Steel (3).... 444 N Y Alrbrake (3.60).. 167 N Y Central (8). 35 NY Dock... 83% N Y Dock pf ( 108% NY NH & Hart 122 NYNH&HDf (D). 13% N Y Ont & West. 16% Norfolk Southern..., 226 Norfolk&Westn(10). 93% North Am(b10 % stk) 51 North Ampf(3).... 100% North Am Ed pf (6). 45 Nor Ger Lloyd(3.41). 84 Northern Paoc (5). 82% North Pacet (5).... % Norwalk Tire & Rb.. 9% O1l Well Supply...ee 13% Oliver Farm Equip. . 314 Olivr Fr Eq ev pt(3). 2% Omuibus Corp. . + 16 Otis Elevator n(2 “) 30% Otis Stee] (23)....u 91 Otis Steel prpf (7).. 7 Pacific Coast. 52% PacificGas& 72 Pacific Lighting (3). 1 Pacific Oll stubs. 15% Packard Motor ¢ 51% Pan-Am Petroleum. 50'% Pan-Am Pete B. 4% Panhandle P& R. 48% Paramount-F-L (4) Park & Tilford (33). 2% Park UtaB......... 17% Parmelee Trans 1 ".. 2% Pathe Exchange. 5 Pathc Exchange A, 23% Patino Mines (3.89. 63 Penney (J 8) (3). 64 Penn Dixie Cement 854 72% Pennaylvania RRi4). Il’l 230 People’s Gas Chi (8). 17% Peoria & Eastern.... 38% Phelps Dodge (3). 50% Phila Co 6% pf (3).. 11% Phila& Read C& 1. 8% Philip Morris (1). 29% Phillips Petrin (n2). 831 Pillsbury Flour (2). 45 Pirelli of Italy(3.14). 8 Pitts Terminal Coal. 97 Postal Tel & C pf(7). 45 Prairie Oll & Gas(2). 54% Prairie Pipe L (16).. 7% Pressed Steel Car 52 Pressed St1Cpt (7).. 52% Proc & Gamble (2)... 6% Prod & Refine 81% Public Serv, NJ IO. 217 115 1067 Bub Sve NI DE (6) 155% 143 PubSvoNT ot (8).. . 1% Pullman Corp (4 $0% i bonciiiery Sugar.. 21% Pure Ofl (1 %)....... 8S% Td% Purity Bakeries (4) 34% Radlo Corp... 53 Radiopf A (3%). 68 Radiopf B (6)... 0 19 Radio-Keith-Orph A. 106 70 RRSecICstkC(4). 200! 33 Raybestos Man 2.60.. Nl% 121 Reading (4)... 0% 45% Reading 1st pf (2)..: 44% Real Stk (5).... 3% Rels (R) & Co 25% Rem Rand (1.60). 92 Reming-Rnd 1st (7). 10% Reo Motor Car (.80). 72 Repub Ir & Steel (4). 72 Rep Ir&Stl ctfs (4) 23 Rever Cop & Brass. 4 Reynolds Spring. 49% Reynolds Tob B (3)., 22% Richfield Ofl (2)....: 16% Rio Grande Oll (3).. 44% Ritter Dent Mfg (13) 37% Rossia Ine (2.20).... 49% Royal Dutch (a3.20). 93% Safeway Stores(es). 48% St Joseph Lead (13). 1)8% 107% St L-San Fran (8)... 100% 92 St L-San Fran pf(6). 69% b59% St L Southwestern. ., 17 118 fl 100 687% 9 50 10% 9% Seaboard Air Line. .. 82 Sears Roebuck (32%) 9% Second Natl Inv...., 87 21 82 3 11 36% Ehlltuelfl'fi)("“)- 47 21 Shell Union (1.40)... 27 10‘“ 100 Shell Un Oil pf (6%) 1 102 Special Dispatch to The Star. BALTIMORE, Md, March 27— Potatoes, white, 100 pounds, 2.2582.65; sweet potatoes, barrel, 2.00a3.00; y: barrel, 2.00a3.00; asparagus, dozen, 2.50 beets, crate, 2.50a3.00; beans, ation. So do France, Germany and | Ttaly—a contraction both in exports and imports. . Canada’s business outside her borders was a million dollars a day less this February than in February, 1929; her exports were down $15,569,000 and her imports off $16,120,000. ‘The Dominion, however, shows an in- crease of “”mo ‘inmunporun{‘or the 11 elapsed months of the present fiscal year, while her exports dropped $218,- 186,000, largely wheat and flour. No wonder Clnldll exchange has been weak during the period. bs Nur'.h American News- (Copyrisht. 1930, by North A . Anaconda Declares Dividend. NEW YORK, March 27 (#).—Direc- fors of the Anaconda Copper Co. today declared the regular quarterly dividend of $1.75 & share on the common stock, ' payable May 19 to stock of record April 12, Fears had been expressed in some ‘Wall Street circles that the dividend ! rate would be rednced becluu of the ‘unsettled the copper in- dustry, dlu to the hlnd- X buy- ing poliey of consumers, hamper, 4.50a6.00; cabbage, hamper, ; carrots, bushel, 1.50a1.75; caullnower crate, 1.75a2.50; celery, crate, 2.50a3.50; eggplants, crate, 2.00a 4.50; lettuce, basket, 100a2.50; kale, huxhel 5055 onions, 100 pounds, 1.50a 1.85; , crate, 2.00a4.00; parsnips, buket 40:60 spinach, bushel, 35a75; squash, bushel, 3.00a4.50; tomatoes, crate, 1.50a3.50; turnips, hamper, 40a 75; apples, !mshe! 75a3.00; grapefruit, box, 2.75a4.75; oranges, box, 3.2585.50; strawberries, quart, 30a50. Dairy Market. Poultry, alive—Turkeys, pound, 35a 40; cld toms, 25a30; chickens, young, 321 Leghorns, 23a38; old roosters, capons, 32a38; ducks, 17a30; old hens, 28a29; Leghorns, 20a26; guinea fowls each, 50a75; pigeons, pair, 30a35. Receipts, 3,507 cases; nearby flma. 'é'“ hznnery white, firsts, 25“;!26. luck elfl nd. e onio; ladios, 1a3a; . store packed, 10a19; rolls, "25a28; process, 319032, Live Stock Market. Cattle—Receipts, 200 head; light sup- Stock " esies— Dividend Rate, Add 00 l!ut Low. % 5 xok% ms oy 23% 2315 2 BBl a0 stock 5 Plus 3.) Stmmons Co (§3) Simms Pet (1.60) Sinclair Con Of) ¢ Sinclatr Ol pf (8 Skelly O11 (2) Snider Packin; Solvay Am In pf 53%. So Por Rico Sug (2).. Southern Cal Ed (2). Southern Pacific (6). Southern Rwy (8)... Southern Ry »f (6).. Spalding(AG) (2)... Spang-Chalfant..... Sparks Withngtn(1). Std Brands pf (7) Stand Comm Tob. . Stand Gas & El (3%) Stand G & Epf (4).. Stand Invest Corp. .. Stand O of Cal (2%). Stand Ofl Exp pf (5). Stand Oil of Kansas. Stand OIIN J (12 Stand O1l N Y (1.60). Starrett (LS) (12%) Sterling Sec A...... Sterling Sec pf(1.20) Sterling Sec cv pf(3) Stew-Warner (h 3%) Stone & Webster (4). 4 Studebaker Co (5). Submarine Boat. Sun Oil (11). Superior Ofl. Superior Steel Sweets of Amer (1) Symington (A).. Telauto Cp (11.26). Tenn Cop & Ch (1). Texas Corp (3). Tex Gulf Sul (4)...c) Tex PC&O (b10%). ‘Texas Pac Land Tr.. ‘Thatcher Mfg (1.60). Third Natl Inv. Thompson J R (3.60) Thompsn Prod (2.40) Thompson Starrett. . ‘Thomp-Star pf(3%). Tide Water Asso 60c. Tide Wat Asso pf (6) Tide Water Oil (80c). Timken Det Ax(80c). ‘Timken Roller (3). ‘Tobacco Products, ‘Tobacco Products A. Transcontl Oil(30e. Transue & W (1) Trico Prod (33%). Truax Traer (1. Und-Ell-Fisher (5) .. Union Bag & Paper.. 2 Union Carbide (2.60) 102 Union O1l of Cal (32) 3 Union Paeific (10) ‘,5 53% 384 24% 384 19 126% 126% 13% 99% 45% 237 4% 824 72 47 127 68 Utd Alrcraft&T of Utd Biscuit (1.60). Utd Biscuit pf (7). Utd Carbon (2) 6 2% 51% 15% w (4 g g ) 3 1 2 s Plpe & "dr' Pipe 1st pf (1. IO) Realty (5) Rubber, Rubber Smelt Ref ll" - cacgaagacacac nnunnunRnnnn Ul P'l&la! A (o2, Vadsco Sales Corp. Vanadium (t4).. 1 Vick Chemical (2% )- Virginia-Car Chem. . Virginia-Car pf (7).. Wabash....... ash pf, B (5) \Waldort Sysum (1%) Walworth Co (2) Ward Baking B.. ‘War Bros P pf (2.20) Warner-Quinlan (1). Warren Bros (19)... Warren Fy&Pipe(3). Webster-Eisanlohr. . Wess Oil & Snow (2), Wess O & Sn pf (4) Westn Dairy (B) Western Unlon (l).» Westinghse A B (2).. nghse E&M (5) e Saz.8, wuBagule. Westvaco Chlor (2).. White Motors (2).... White Rek MS(14%) White Sewing Mach. e L3P =t=<TorY B8ne 12% 364 108 5% Yellow Truck & C. Young Spring (3). Young Sheet & T (6). “Zenith Radlo. . Am Roll ll .June 16 97 Apr 10 % % B6% 3% ;ox :‘Illlm.dA MAI' 31 % 116% 11738 ‘ox Film deb.Mar 28 % 100% 100% ss’/a 50 10% 86%s 20% 82% 3 11% 45% Sales of Stocks on New York Exchange. 10:30 AM.. 867,600 12:00 N 1:30 PAL. 1000 8.676.800 Dividend rate: payments Dased ot (e DD, the abore ta in'siock, °‘|$-'f.‘§x'e e G e cr 5 hP {lbllpln m“k,:'d" L'I . fn’ sioc lus & tock. 'k Plus 3 5 Plua 5% in siock. nluwo:'shw‘n .pgrnu o1 — 1100 to 11.75; fair to medium, 9.25 to | 8.00: fair to medium, 6.00 to 7.50; 10.00; plain to fair, 10.00 to 11.00; com- | p} 3 mg‘lflm ’o& by t’moo - g l:m. tfnali'l", goo to 6.00; common to ice prime, none; goo Hi '5—Cl prime to choice, none; medium to gaod, 830 | to: shis. 13%‘:";;0 Fi00;" medtis 4o good, 9.00 to 10.00; fair to medium, 8.00 t0 9.00; plain to fair, 7.00 to 8.00; common to plain, 6.00 to 7.00. Ilsfi%sh cows and springers—60.00 to Y 5 nr n.n Searly a.u.r'-'efe'rf. nll extra. x " 2 & Paid ) Ya % 231 % 1021 102% actnoraers to 9.00; fair to medium, 8.00 to 8.50; plain to fair, 7.50 to 8:00; common to plain, 7.00 to 7.50. Cows—Choice to prime, none; good to choice, none; medium to good, 7.50 to STOCK AND BOND AVERAGES By the Assoclated Press. From Yesterday's 5:30 Edition. STOCKS. 50 Industrials. 0. 191.6% 190.0 1874 213.6 ... 1591 ago, weekly aver.. 1115 ‘Three y High 41’!0) Low (1930).... (1930) . . * New high. ply; market steady. suen—cmmx to price, 12.00 to 12.75; to.choice, none; medium to good, (Gfmyright, 1030, Standard Statistics Co.) Selling for Profit on Recent Rise Given as Cause of Recession. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, March 27.—Under the influence of a number gf bearish fac- tors, the bond market today continued its recession from the high levels of last week. While there was no quotable rise in time money rates, there was a notice~ able hardening, and supplies were not as ample as they had been. Individ- uals who have had funds in the bond market during the recent rise continued to liquidate for profit realization. Cor- poration funds were withdrawn for the same reason, coupled with the fact that corporate need of surplus cash is in- creasing with the upturn of business in general, The foreign department, which stood out firmly against the weakness earlier in the week. also turned downward to- day. Some of the selling was for over- seas account and some was of a local speculative nature based on the as- sumption that many foreign issues are too high. ‘Then there was another $21,000,000 of new issues to digest. This was not large in itself, but coupled with the $100,000,000 brought out this week and $200,000,000 last week, it leaves a large amount of undistributed bonds to com- pete with outstanding issues. The market was also affected by the imminence of a number of fairly large issues. New South Wales, Australia, is negotiating a $5,000,000 offering in this market. There are also a number of municipal, railroad and public utility loans in process of preparation. With a strong and active stock mar- ket during the first two hours today, convertible bonds held the center of interest, many going to new highs. American Telephone convertible 415s at 1721% were at their best price since last October’s decline. Others that scored early gains were Commercial Investment Trust 5 Philadelphia & Reading Coal & Iron 6s, Baltimore & Ohio 4‘/'15. Southern Pacific 41:s, International Telephone 41%s and Texas Corporation 5s. With the subse- quent reaction of stocks, these gains were canceled. United States Government obligations were moderately active and dropped from 1-32 to 19-32 throughout the list of active issues. High-grade rails, such as Baltimore & Ohio first 4s, Canadian National 5s, Frisco “A” 4s and Union Pacific 4s, had fractional losses. So did the prime public utility and indus- trial issues, like Inland Steel 415s, Co- lumbia Gas 5s, Utilities Power & Light 5143, General Motors Acceptance 65 and American Telephone 5s (1965). Washington Stock Exchange SALES. Clp\tll Traction 55—$2,000 at 96, $500 Wuhlnx'.on Gas 55—$2,000 at 10111 ‘Washington Gas 6s B—$200 at 104 Potomac Electric 6% pfd.—5 at 112’ ‘Washington Rwy. a: Elec. pfd—10 nu 96%. Riggs National Bank—10 at 530, Mergenthaler—é at 106%. Real Esate Mige. & Guar. pfd—30 al 8 AFTER CALL. ‘Washington Gas 6s A—$200 at 103. Potomac Elec. Cons. 55—8$1,000 at 102. Wash. Rwy. & Elec. nfd.—19 at 96%, 10 at 96 4. 10 at 967 W:;l;:nan wy. & mec‘ 45—81,500 at Bid and Asked Prices. BONDS. Amer. Tel. & Telga. 4155 '33 Potomac Electric cons. Potomac Electric_6s ash.. Alex. & M Wash.. Balto, & Antiap. 58 ‘\‘vanhlnlton G ash. Rwy. & Elec. 4s. Washington Cons. Title 55 MISCELLANEOUS. Barber & Ross, Inc @is Cham.-yanbt, Hote] 618 Chevy cm o M. 85 | Pot. otk Stock Lo i Markes Gold siorage STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga.. Capital Traction Co.. . Washington Gas Light. . i Norfolk & Wash. Stcambo: Potomac Electric 6s pfd. Potomag Electric, 5i4s pld. Wash. Rwy. lec: Balfo. & Annap. cor Wash, Wash., Balto. & Annap. pft NATIONAL BANK. National Capital lumbia . Nettonal Bank o TRUST COMPANY American Security t C ants' Bank. National !lvlnn & "Trust. Union Trust Washingion Loan ‘& T SAVINGS BAN Bank of Bethesda. Commerce & Savini East_Washington Potomac ... .... tes Washington Mechanics' FIRE INSURANCE. 30 Netiona:® vnion, TITLE INSURANCE. Columbia Title. Real Estate Titie. il & Tav. "ot Md. com MISCELLANEOUS. Barber & Ross Inc. com. EorVs %hd.uz Gravel pId Pt Aatl S deral Storage pfd. ederal-American CO. l’eueul-,\mencn‘!’ P ) -rnel Corp: t Meaica al Blde. Cois go%z;'ard & Loth b St STREET CAR HEAD RESIGNS. BALTIMORE, March 27 (Special).— Charles D. Emmons, for the past 11 years president of the United Railways, which controls the trolley systems of Baltimore, yesterday resigned, to take effect April 1. Mr. Emmons, who came here from Boston, where he had managed the Bos- ton Elevated Railways, will establish an office in New York as an engineer con- OB hix retamn from & Sip o ‘arope, om a tri rope, starting next Saturday. bl i He will be mcceedefl as president of the United by Lucius 8. Storrs, execu- tive chairman of the boar UNITED STATES. 22 Sales. Argentine 6sJu 59, y61.. 16 Belgium 78 195 Belgium T%s Belgium 8s Bollvar 7s 68... Bolivia 7s et 69 Bolivia £s Bordeaux Brazil 61481926, Brazil 6351927, Canada 6s 1931 Canada 6s 1952 Chile 63 60. Danish Munic 85 A. Denmark 4% Denmark 5138 55 Denmark 6s. DE16%s Mch 62.. Dutch East 147.... Dutch East 1 65 62.. Fiat 7s ex war 48. ., Finland 6% German Bank 6s '3, German E1 P 6% German 7s. . Greek 6s 1963, Haltis..... Hungary 7% Itallan Pub 87 Japanese 4s. Japanese 6% Jugoslavia Bank 78 K-rllndl 6s1943... uger&To'l bs ct. 6s Ortent dev 63 68, Orlent Dev'mt 6s 63 Paris-Ly-Med Paris-Ly-Med Rio de Jan 8s 1946. Rio Gr do Sul 63 Swiss Confed | Toho E1 Pow 65 32., Toho El Pow 7 ;| Tokiobs. ... Tokio 6%8 1961, Utd Kingm §' Uruguay Uruguay Vienna 6s 62... Warsaw 7s 63. Yokohama 2 7 6 2 Abitibi Pa&P 08 '53. 5 Abram&Straus 6%s 2 Alleghany Cp6s 44. 5 Alleghany 55 49.... 12 Allis Chalmrs 68°37 5 Am Agri Chem T%s 1 AmChain6s33.... 1 AmChem 5%scv 49 21 Am Int Cor %845 29 Am Nat Gas 635 42104 AmSmit& Ristbs 1 Am Sugar Ref 1 Am T&T cv 4%s anise Am Tel & Tel 6%.. Am Water Wki Armour&Co 4%s 39 Armour Del 5%s. Atl Gulf 68 69. Bell Tel Pa §s B. Bklyn Edison 6s... Certn-Ta 53s rots.. Chile Copper Colon O1l 63 38 Col G&E] 6s May 62 Com Invest 5%s 49. Com Invest 65 Con Coal Md 6s. ConGasN Y 6% Cuban Am Sugar §s Den Gas bs. Det Edison Gen Stl Cast Hfi-u Goodrich 6% Goodyear 6s ret Humble O & R Humble O& R6%s 111 Bell Tel Inland Stl ¢%s Intl Cement 63 48 Intl Match 68 47. Int Mer Mar Int Paper 68 47 Int Tel & Tel 4%8s.. Int Tel&Tel 43480\ Tntl Tel&Tel - Kan G & E6i Kendall 6%s Laclede G 6%s 63.. Lautarc Nitrate Ligget&Myers Loew's, Inoc 6 Loew's §s wo wur. Lorillard Lorillard 6% u Lou Gas & El 65 52, is said to be one the highest’ nluled street car nelda the United w, Manat! Sugar 748, Montana Pow 4! Montana Pw del 10112 1019 10131 10126 100 26 100 16 100 2% 100 16 105 10 104 30 2 1088 107 30 11210 11126 FOREIGN. High, q 9! 107% 971 103% 108% 112% i 109% 115% 110% 84y 8% 9% 99 4 1083% BT 101% 102% 100% 1087% 03 % 92% 108 25%% 8114 4 100% 9244 98 110% 11 934 101 104% 101% 102 102 9 901 97 % 100 108% 117% 123 924 96% 109 104 88% 98 102% 110% 93y 101 1047 101% 102 102 8414 98 100% 98% 96% 103% 84 80% 978 103% 103% 12% 94 102% £84 8816 103% 99 101% 103% 103% 102% 924 99% 103 105% 100% 103% 103% 106% 100% 107% 106% 100% 100 99% 108% 85W, 9T % 103% 104% 103% 108 99% 100 80K 93% 104% 99 107% 89% 82 9% 1074 920 82% 9% MISCELLANEOUS. 86% 86 100% 100 108% 108% 103% 101 4 104% 101 T4 106% 01 100% 89% 101% 104% 170 108% 104% 103% 106% 100% 90% 85% 8% 104% % 106% 102 101 104% 56% 100" 101% 103% 107% 97 102% 108 100 105% 108 95 101% 102% 104% 100 9% 106 97K 105 9% 103% 84 104 1185 100% 89 94% 102% T4% 1024 102 101% 101 104 30 107 30 11126 107% 97% 103% 109 13 109% 115% 110% 84% 82% 99 108% 87% 101% 102% 1005 108% 98% 98Y% 103% 26 81% 100% Y24 98 110% 110% 93U 101 104% 101% 102 102 94% 00% 97 100 108% 118% 123% 924 96% 109 104 88% 98 102% 98 100% 984 96% 103% 84 £0% 9% 103% 103% 12% 94% 102% 884 88% 104% 99 101% 108% 103% 102% 92% 9% 103 105% 101 83% 3% 97% 80 87 97% 100 106% 1004 107% 106% 100% 100% 100 108% 85% | Cul 97w 91% 103% 104% 103% 108 99% 100 80% 93% 104% 994 1074 | B 891 82% 9% 86% 100 108% 103% 101% 104% 101 106% 100% B9% 101% 104% 170 103% 104% 104 106% 101 20% 6% 8% 104% 106% 102 101 104% 56% 100 101% 1084 107% 97 102% 103 100 106% 108 95% 101% 102 104% 100 94y 100 9Tk 105 92 108% 84 104 118% 100% 89% 9416 102% 4% 102% . 101% FINANCIAL! Sales. High. Low. Mor's&Co Ist4%s 11 354 844 Nat Dairy §%: 100% 100 29 29 114 1183% 1 105% 105% 99% 99% 106% 106% 102% 102% 102% 102% 101% 101 102% 102 103% 103 105 104% 102% 120% 56 55 1025 102% 100% 100% 9% 98% 95% 94% 105% 105% 102% 94% 90% 98 98% 49% 99% 99% 96% 2:58. Sl!‘ l 105h 99% 106% 102% 102% 101 102% 103% 105 102% 55 102% 100% 98% 0414 Nor States Pow Pacific Gas & B1 Phila & Read 6s 9. 51 Phillips Petro 6%, 20 Plerce Oil deb 8s. Pillsbury F M 5 Postal Tel & C6%s s'r Pressed Stl Car bs.. Pub Serv G 4 %s T 10 Pub Serv Gas 4%s. 54 Punta Alegre 7s. Pure O1l 53 ‘37 Rem Rnd 6% wa: Richfleld O1l 68 4 100% 100% 102 102 103% 103% 100 99% 9814 98 95% 95 103% 103% 104% 104% 1031 103% 9% 97 102 103% 100 98 95 105% 104% 103% 0T% 101% 106% 104 102 Stand Ol N Y 4% ‘Tenn Cop 63 B 4 101% 101% ‘Tenn ElecPow! 3 107 106% ‘Tex Corpcv bs 1944 90 104% 104 Transcontl O1l 6%s 10 102 102 Onited Drug 68 63.. 23 98% 98 Utilities Pow 6348, Vertientes Sug 7s.. Walworth 108% 103 103% 103% 103% 103% Westn Unfon 63 109% 109% 109% White Eagle O 5% Wickw Spen 1st Willys-Ov 6%s Wilson & Co 18t Win Repeat Ar Youngstn S & T 52 102% 101% 101% RAILROAD. Atchison gen Ateh deb 4% Atl & Dan 2d 4s Balto&Ohfo gold 4s. B&Ocviy 1 94% 94% 94% 35 100% 100 100 20 104% 104 104 7 86% 86 86 ]0 100% 100 100% 94% 94K 9% 99k 93% 99 B & O Toledo Boston & Ma Bklyn Elev. Bush Term con §s. Can Nat 4%s "l 96 96 20 96 95% % Can Natl 5s July 69 5 102% 1021 102% Can Natl 53 Oct ‘69 8 103 102% 102% Can Nor 43481935.. 16 100% 99% 99% 1 115% 115% 115% o 16 111% 111% 111% .28 87 861 87 1 103% 103% 108% 10 105 105 105 2 100% 100% 100% 4 93% 93% 93% 1 103% 103% 103% 7101 100% 101 7 100% 100% logu 2 30 919( 92% 82 0% 874 95% 96% 4% Cent of Ga 68 C Cent Pac 1st 68 90 Ches & O Corpn b Ches & O gen ¢ Y. Ches& O 4%s93A. 6 39 ChiGt West 4s 69.. 71 CM &St PGen 89, 5 ChiM&StP4 % sC8! Chi M&StP4%4sE.. 1 Chi MIISP&Pac5s8 56 CMSP&Pacadjss0311y 76% T75% ChiNW4%s2037. 5 98% 98% Chi & N W con 4%s 38 102% 102 11 106% 106% 106% 1 100% 100% 100% 2 79% T9% 9% o 1 9% 9% 9% 22 9% 9TH 9TN 6 96 95% 96 2 104% 104% 104% 5 90% W 5 105 4% 10 98 Clev Term 4%s8°77 97 98% 984 98 1 104% 104% 1043 1105 105 105 6 »1% 81 81 5 90% 90 90 Cuba Nor 6%sets.. 29 66 64 64% Del & Hud 1st rf 9 93% 93% 3% Del & Hud 63%4s. . 1 104% 104% 104% Del & Hud 78 30.... 1 100% lO(W. 100% Den & R1o G en Den&R G W ¢ \fil 3 BK'A. 988, 8% 86% 834 !6% 95% 13 95% 3 ll‘ll% 101% lOHfi 7 60 60 2 1063 106% 106% 3 111 110% 111 1 98 98 98 3107 107 107 5 95% 95% 95% 7 111 110% 111 21 112% 112% 112% 10 30% 30% 30% 21 82% 81% 81% 6 98% 98 98 10 93% 93% 934 3 100% 100 100 7 105% 105% 105% 1 98 98 98% 98% 5 2 8 5 ) 1 Gr Trunk st Grand Trun] Gt Nor ¢ %8 7 Gt Nor bs. Great Northn GreenB& W Hud & Man aj m c.m et 48 C 10 T1% 71% T1% 82 71% 1% W Int Rapid Trans 6s. Int & G Nor 55 1956 Iowa Cent 1s Kan City Ft 96% 1 7M% 1% 7 100% 100% 100% 21 100 99% 100 6 89% 89% 89% 2 99% 99% 99% 15 109 108% 108% 17 90% 90% 90% 100% 100% 100% 100% 100% 100% 26% 96 96% 98% 981 98% 104 104 104 69 59 59 96 Lake Shore 4531 T9% 80 101% 101% 101% 100% 100 100 100% 100 100 13 113 118 98 ’B 98 9! lfli% 103 90% - 981 - 981 98% 100% 100% 100% 106% 105% 105% Q gagos PRIt LH .22 v H4n67. ll 9% T 9% 95 94 22 222222222227 1 1 g g 4 g g ZZ 000000 n:zi =) ‘BU'ND'PRIBES REACT @finoms@ IFUROPEANS 1., BONDISSUES Demand for Sound American Securities Has Shown Increase. BY PRESTON S. KRECKER. Special Dispatch to The Star. NEW YORK, March 27.—Money, like water, seeks its level. In 1928 and 1929 the tide was flowing from Europe to America. England was sending us her pounds sterling, France and Switzer- % | land their francs, Holland her guilders and others in less quantities their cur- rencies. The magnet which drew Eu- rope’s savings to our shores was high interest rates paid here at that time on short-term loans of every descrip- tion, Alwlelhe‘r the most incredible sum of more than $3,000,000,000 in value of foreign capital found investment in call loans, bank bills, United States Treas- ury ificates and other short-term loans last year or was left here on de- posit for foreign account. Those fig- ures do not include foreign long-term mvemmnu here nor gold earmarked y the Fedenl Reaerve banks for Eu- gz.n the amount of $1 MO. Return Flow of Capital. After the stock market inflation bub- ble was last Autumn the tide turned, and foreign capital began to flow out. The outward movement re- cently has melmud its speed, since our mone; have dropped to low- est levels loans at current interest rates and are tlkll‘nin;uch of it back ho tween our market and those of Europe. On the other hand, there is a difference in favor of governments. :ln- ir home % vumnuathmbetrmbumm but one tax. 941; | States, the 99 eign lew;nt. mm appear anent. Securities bought are belnx shipped nhmu to be up in European strong boxes. (Copyright, 1930.) SHORT-TERM SECURITIES. (Reported by J. & W. Sellsman & Cs.) | Qe ghpier o0 Bilte & Ohie o 5 i Eglprf‘&nu- h ‘l’m Clnndlln 54 Shicago loel Soodzenr T, 5 it Oll o = 23238332833333823 SERES 3 g‘l"d E 5 3388 PSS Wheeling lue N Y State Ry 4% NYWaB4y Nor & S gen & Norfolk & W Nor Pac 4% Nor Pao b D. Penna Gol Pa Ohlo & Det ¢ Peo B 13t 4s. Pero M %5 1980 wi Pere Marq 1st 6s... 1 PCC&StLEsB75 PortEIPL PortRL&P Port RL&P 'Hl C‘. nua!n:md%lA RioG W 1. maowm-l RIATk&L 4%s All Fla 68 IA- ! 118% 118% 118% 1126 126 1 Tex Ark F'S 6348 ‘50 1 105% ‘Texas & Pactfic 1st, ’l‘! la el 0% | Tex & Pac 68 B 1977 2 102 Tex & PacssC79.. 4 102% 102% 102% 15 99% 99% 99% 6 105% 105% 105% 4101 100% lWK "hfl (Il'l rets 15 94% 941 7 101% 101% l% 83% 83% 18 100% 100% 100% 3 98% 98% 98%