Evening Star Newspaper, March 28, 1930, Page 14

A—14 txw MARKET ACTIVITY AGAN ON UPGRADE Recent Expansion of Trad- ing Starts Talk of An- other Boom. BY JOHN F, SINCLAIR. Special Dispatch to The Star. NEW YORK, March 28.—Has a new boom hit the New York Stock Market? Have we again come to the days of four and five million shares? Yesterday 4,700,000 shares changed hands, while on wmnem-y the record was over 6,000, The smck market leaders yesterday, such as U. S. Steel, Consolidated Gas, U. G. 1, American T. & T. Standard Oil of New Jersey, rose lmpuululy General Motors went over $50, a new high for 1930. Anaconda cappu TOSe almost 4 potnf-l to $79. Other coppers, were t"‘Zl"lma u'reluhnl.y in the second hour of trading, when quite a number of |- ped from 1 to 3 points, was pei turn by the 3‘“ v{tl:drl'inl $80,- ,000 from the marke! ng‘he fact that the high-grade stocks are being taken on would seem to indi- cate that investors are still conservative in their stock market purchases at the time. At x«;:n time the ticker was 45 minutes late. The inadequacy of t.he pvmzn stock market ry n ptly a volume nmmnl m to five million shares a day is vrry QM nt. The new tickers are being installed rapidly, and are expected to be Rfiv for operation some time this coming Fall. Until then investors and opera- tors must be prepared to bear with the ticker siti \lluol’\ cm;ildee% 000,000-share day looks like a big one now, but it will not be long before 10,000,000-share days will cause no comment. the date when the stock- et e Youngstown Sheet & to decide whether they with Bethlehem Steel or eparate. b‘lfie—(hfil ht- Campbell, chairman of the board of the Bheel & Tube Co., who is for the mem Oyrus S. Eaton and his associates of the Rzpuhl(c Steel seem to have the hand. Yesterday they announced zgf" the Eaton forces have lined up 412,571 shares in opposi! while Bethlehem has favor of it. The other" zzg 673 ve not yet e on reco! es. !vo!:hh!:: of the 1,200,000 Y Sheet & Tube e the deal, Messrs. Schwab hlve their work cut out for ey must not only secure all 6,673 shares not yet tied up, t also must secure 12,571 shares from which the Eaton forces now claim. In the next 10 days the contest for votes is expected to grow more heated. “We e to hAV! l‘:,’ least 5?0;)«00 shares by April 8" said one of T, Eaton’s c.l’os&lt’ uo«l-ws to this writer. ick ;555 Eit [ i | 33 g 53 i Sweringen brothers Cl such a system in mind? Do they pro- pose the creation of such a system w&mfiwumn!ttgmkcy next, see the evo- l\ltlvnm of a f{‘: Athntlc-m-hflflc Hanscontinental systems. 1 is logical | efficient and eco-’ on paper. Should e an “Atlantic - A e would have the railroad the figures a total of $17,000,000; Quebec, $8,350, 000 British fi:)lun;biaootwo ,000, 'rta, more than o atan he most developed in min- eral activi leads with a total output of $116, 52!000 lnrnly gold, nickel and copper. is province gold is in first phee. lnd nickel is second, while r, in third place, increased its S, 1 000 as pear ln 1m to $1 year. Quebec, next to Ontario, mined $45,389,000 of metals, with copper mined rising in value from $4,909,000 in 1928 to $10,019,000 last year. Manitoba, considered for long only a ‘wheat-growing prairie province, is de- veloping important copper and znc propexties, as well as cement. Cars.da’s mineral production for 1930 is expected to make just as good & showing. In no country in the world have American investors so large a stake as in Canada. The total American invest- ment in the Domlnfian is $3,300,000,000, according 'W. Beatty, president of the c-mm.n Pacific Railroad. During the last two years the United States has invested $10,000,000 a month in Canada. “Peaccful penetration it is called. Not the kind that any Canadians ob- ject to, either. Rather a vote of. con- fidence in the country.” As the last two years have seen an investment of $10,000,000 a month, the next five years should see this increased to _double that amount. For American investors know cmldl is for them the safest country in the world to invest their maoney in auwne -of the United States, (Copyright, 1930, by North American N paver Alliance.) LARGE RAILR.OADS RUN BY STEEL CORPORATION By the Associated Press. NEW YORK, March 28.—Wide rami- FINANC1A 32% Ludium Steel (3)... L. THE EVENING STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued Prom Page 13.) Stock and Dividend Rate. 10 90 Ludlum Stlpf (6%). li'\‘ 187% Macy (RH) & Cot 11% Madison 8q G (l‘fi). Market St Ry pr pf 3Y% Marlin-Rock (14%). 20% 3 Marmon Motor (2) Martin-Parry... 37% Mathieson AlKHi (3) 49 May Dept Stre (n3).. 26% 28% 1 37 Miami Copper (4) Mid-Cont Pet (2) Middle States O1] Midland Steel (3) 53 Michigan Steel (3%). 3% Miller Rubber. ..... Minn Hon Ra.(nu) 145% 134 40 25 Mo Kan & Tex pf(1). 9814 87 Missouri Pacific..... Missouri Pac pt (5).. Mohawk C Mills (3).. 48% Monsanto Ch (g1%). 4 1 38% Montgomry Wrd (3). 530 3% 58% 50 26% 12% 46 18 Moon Motors. Morrell & ) 1% Mother Lode (40c). 4% Motor Meter G & E. Motor Products (2) Motor Wheel (3). Mullins Mfg..... Munsingwear (4 My yCor (b2 % stk. 35% Myer(FE)& Bro (2). As% 1 NiV- 226 Nash Motors (8). Nat Biscuit, n ¢ Natl Biscuit pf (7 Cash fill.‘l'l). @ Enameling (l) onal Lead (18 1 Lead pf B (6). Pwr & Lt (1). Norfolk& W est 58 63 ( 93% North Am(b10%stk) 100% North Am Ed pf “) 84 824 % Northern Pac North Pacet (5). Norwalk Tire & RI 31% Olivr Fr Eqev pt(3). 70 Olivr Fr Eq pf A(S).. Co 30% Otis Stee) (3%). 52% 72 1 140 15% A% 48% 25 2% 97 54% % 104% 81% 112% 106% 180% 121 81% 8% 25% 8S% 53% 8 38% 21% 34w 68 19 70 33 lll Ml 121 50° 57 102 4 22% 107% 24% 4% 45 9% 7 Pacific Coast. PacificGas & Pacific Lighting (3). Pacific Ofl stubs. Pacific Tel Packard Motor 1), Panhandle P& Paramount-F- Park & Tiiford (33). Park Utab. . 17% Parmeles Trana 1% the Ex 59% P Rican Am To (A}' Postal Tel & C pf(7). 45 Prairie Of] & Gas(2). Prairie Pipe L (15) Pressed Steel Car Prod & Refiners. Public Serv. NJ l 4 Pub Sve NJ pf (8). Tub 8ve NJ pf (7). Pullman Corp (4). 4% Punta Alegre Sugar.. Pure Ol (13%). T4% Purity Bakeries (4). Radlo Corp. . Radio pt B (5) Radlo-Keith-Orph A. RRSecICatkC(4). Raybestos Man 2.60. Reading (4). Revere Cop&B pf (7. Reynolds ;D ng.. Rioh! St L-8an Savage Arms (2). Sohuite Scott Paper (31.40] Seaboard Alr Line. 32 ll m 'l‘(')..\ !OI “6 340 234 22% 28 % 4). 176 T6% T4% 6 6 43% 43 15 68 64 1 98% 98% 981 2 10% 104 10% 43 4% B4 3312 307 310 20 1 5 42 4 54% 54% 54 31 17% 16% 17 9 124 124 12% 2‘ 389& 'fi l 54% 30% uu 5% 3 48 48 4 117% 116 10 22% 22 2 32 2 1% TI% TI% 2 26% 3 102% 102% 102% 18 49% 48% 0% 150 110% 108% 110% 1 111% 111% 111% 1 130 88 5 A% 22 24% 24% 26 5% 73 261 51% 47% T6% T6% 156 36% 34% ki3 57 45% 44 1126 1 47 22 2 1 208 847 72 Rep Ir&Stictfs (4).. ). 16% Rio Grande Ofl a).. 37% Rossia Ine (2.20).... 49% Royal Dutcb (a3.20). 93% Safeway Stores(es). 48% St Joseph Lead ('l)- 92 6t L-San Fran nfl.). 59% St L SBouthwestern. ., | Strs. . 82 Sears Roebuck ltl“' 1 9% Second Natl Inv..... 628 60 4 108% 108 4 9% 93% 94% 93 4 140 26 3 50 2!% 21% 22% —Prev. 1930.—~ High. Low. g Di 82% 58% Seo Natl 3% 12% 32% 48% Shattuck: Shell Un un Solvay A 11 37% 38 Southern Southern Southern Spalding Sples: Stand Ga: Stew-Wal Sto! Stud 62% 108 ) K 139 139% 139 26 26 25 53% 53% 364 38% 13% 66 1% 6% 13 Cop 50% Tex: 54% Tex Guif 10 Unlon Ba 76 41% Union Ofl 2156 44 United i T4% 36% ll K 102% lflx lofh llG 146 148 23 ™ Th T 324 Univ Lea: % 29 3 31% 3% 4 18% Van Radl 9% 10% 43% 681 26% Virginia- 843, 20 41 20 41 SIK 2 31 31% 24% 26% 49% 56% 14% 72 67% 10% 31 130 8% 5 24% T4% 50% 5% 36% % 44% 126 7 130 82 7% White Se: 27 % Willys-O 67% Willys-O % 58% Woolwor 126 47 88 8 68 108 3 Con Fil I 3% Pac Ligh! A.I.. . 8, 69 27% 8% 50 10% 84% 20% llJnl in stock. no r rate. b Pa % in_stock. stockholders. & Wi Sun O11 pf (8. Supertor Oil. 15% Udt Stores pt. White Motors (3).... 86% White Rck MS(t4%) Wilcox Rich (A) 2%. 3% Wilson & 67% Worthington Pump.. Worth Pump A (7).. Worth Pump B (6).. Wrigley Wm (4).... 12% Yellow Truck & C. 364 Young Spring (3. Young Sheet & T (5) 5% Zenith Radio. RIGHTS % Am Roll M., June % ChiR1&P....May B i i g l l!lbrl lll.firln 1 Pllu ldi .l!:...lflk. - cash or stock. f u.:q,mmcxn:fl "' % b vidend Rate. Add Inv pt (6).. 2% Seneca Copper . Servel Ine. Sharon Steel H (2) (FG)(11%) Shell Union (1.40)... Oll pf (6%) Shubert Theatres. .. Simms Fet (1.60).... Sinclair Con O1) (3. Sinclair Oil pt (8). m In pf 6%. So Por Rico Sug (2).. Cal Ed (2). Pacifio (6). Rwy (8)... (AG) (3)..0 Spang-Chalfant. Sparks Withngtn. Spencer Kelg (1.60 Spicer Mg Ma; Stand Brands (1%). Std Brands pf (7). Stand Comm Teb. s&El (3%) Stand G& Epf (4).. Stand Invest Stand O of Cal (2% Corp. Sterling Sec A. Sterling Sec pf(1.: Sterling Sec cv pf(3) rner (b 3%) ebster (4) er Ct 84 Syminglon lauto Cp (11.28). &Ch (1), .. Corp (3) Sul (4 as & Pac (5). PC&O (b10%). 16 Transue & W (1) 30% Trico Prod (2%) 38 Truscon 8tl (g1 23% Twin City Rp T (4) 97% Und-Ell-Fisher (5) & & Paper. Union Carbide (2.60, of Cal (32) Union Pacifie (10). ores A, 5 = - Souletrwetvnenm 4= £ Tob (3 2% Univ Pipe & Rad. 31% Utll Pwr&Lt A Vadsco Sales Corp 49% Vanadium (14) te. Car 6% vf.. 656 Vulcan Detinning(1) 68 Vulcan Detin (A)(1). 38% Warner Bros Ple (4). 36% War Bros P pf (3.20) 16% Warner-Quinlan (1). 2 - - - Bure wonbHacRON wing Mach. ne & ver (1.20).. ver pf (7). TS h (2.40)..s oy o =3 BSOS HemE® nd...Apr 10 3% Fox Film, A.Mar 31 % Fox Film deb.Mar 28 1% Int Tel&Tel May | 16y tg..May 1 100 Mar 313008 Apr21 25 Sales of Stocks on New York Exchange. ' 821,600 398,800 in th latest .5-:": 7 o i encls STt ol Close. 82% I !ou Ifilh 102% 18% 46% 34 27% 110% 34% 324 108 28 63% 120% 127% 4Lk 32% 20 22 100% 30% 73 36% 17% 14% 46 41% 101% 41% 108% W W 27% 14% 5% 15 19% 16% 58 64% 118 12% 2% 25 28% 13% 43 34% 18 1o 20 l'l‘/l A% 18% 24% 384 36% 28% 1 25% 9% 46% 237 86 83 12% Th 26% 34 29% 96% 87 2T% 104 20% 5% 86% 190% 1a6% 66% 36% 5 42 5% 183 | & 45 6 1% 32% 25% 9% 82 6% ‘:.uuuhu tflllli %7 k. o dub J!n o otroral of fications of the business of the United States Steer Corporatipn make it an extensive operator of railroads. The Duluth, Missabe and Northern of the Missabe iron range in the. Lake su rior district is one of the large nd.s operated by the corporation, to its 1929 report. The Dulmh ls 289 miles long. Other large lines are the Duluth and Iron Range.: 260 miles; Elgin. Joliet & Eastern, 211 miles, and 206 miles. Miles of tracks owned or leased by subsidiary railroad companies total 1,117 miles, and in addition there are 457 miles of second tracks and 331 | ftin® miles operated under trackage PARIS DOU.ISE PRICES. PARIS, March 28 (#).—Trading was uiet and prices were steady on the rse today. rights. Threepuuntrenm 88 francs 50 ne‘rhn!m centimes. Pive per loan, francs 30 centimes. 102 merica . roas { Coage N City Ba National er tth Avlnue us | Harty Manh nkers the Bessemer & Lake Erie, cenml H-no;or. cnm zumnu Eotitente Guaranty anufaciurers New York Westchester “Titie’ and "Frust. . . NEW YORK BANK STOCKS. NEW YORK, March 28 (#)— Askea. 140 Calves Thrive on Lamplight. DILAVAN Wll )nrch 28 (#).—E. ed less thlt his healthy on dark days. of artificial sun: mhluegem 124 francs 27‘/; He placed a ligh centimes. dollar was quoted 25 francs 54% centimes, < at that lgpnr farms ves seem- ‘The idea A pflM buslnul as dull with some money INVESTMENT TRUSTS NEW YORK, March 28 (#).—Over the counter market: Asked. Amliated Inv, In 8 Ing Stocks NEW YORK, March 28 (#).—Call money was slightly firmer today, renew- ing at 4 per cent, as against a 3! per cent renewal rate yesterday. The rate remained unchanged and fi CAITY Over the week end. There was some luh- stantial calling of loans during the but mn of sufficlent import to lfle ‘The “outside market” re offered at 3!, per cent. Banke acceptance rates Mttty B were SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Bla Allis-Chalmers Co. 5s 1937. 101 Am. Tel & Tel. 5%s 1943 American Thread 5%s 1938, Balto. & Ohio 4%s 1933.. 100 Batavian Petro. Corp. 4%s 1043, Bell Tel. of Canada 55 1957.. Beth. Steel Corp. 5s 1931.. Calif. Petro. Corp. 5%s 1933.. Canadian N. Rwy. Co. 4%s 1935 % Onml Frupik Sof o1 Gulif_Oil_of Pen: Humble Oil 5%s 1 Inter. Match .ch % S0L 93: Lt & Coxe 4 Patro: Co. 1 Co.) Ofter. 101% Y 100% 100% 102% 100 # D. C,. FRIDAY, MARCH 28, 1930, FINANCIAL. PRSI BONDS IRREGULAR E—__T_“ZBONDSEM] IBRIGHTER OUT UflK INDRAGGY MARKET Volume Falls Off Sharply. Convertible Issues Show Group Strength. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, March 28.—Tradin es the bond market today was mark & big decrease in volume. From a :um of $14,031,000 yesterday, activity dropped under the $10,000,000 level and floor conditions were reminiscent of the near-stagnation experienced last year. The chief factor was the withdrawal of the speculative element to get into the uced, prices vrlme group advancing along with moot of the and the semi-speculative mu:s and foreign dollar lower. Under the influence of the strength in stocks, convertible bonds were strong. American Telephone convertibie 413s led this section with a steady climo. Other gains were made by leghany American International5is, cmnmerclll Investment Trust 5)2s, Philadelphia & Reading Coal & Iron 6s and Texas I l;;flom:xm the n the -grade group there w a steady investment demand. This was - reflected in small improvements mlde Cht by Atchison General 4s, Canadian Nae tional 5s, Canadian Pacific 4s, Union Pacific First 4s, Northern Pacific 4s, American Telephone 5' s, Duquesne Light 4%4s and United States Govern- ment obligations. Junior issues of the carriers were the only group that could be said to be active. Chicago & Eastern Illinois 5s, St. Paul Adjustments, Erie Refunding 5s, Missouri-Pacific 4s and Western Maryland 4s appeared most often on the ‘tape, but their prices were prae- tically unchanged. Florida East Coast 5128, a rare seller, jumped 2 points to & new high for the year. International Great Northern Adjustments improved a point, also to a new high. Seaboard Airline adjustments gained 115 points. Small declines were hy Ch! & Great Western 4s, Rock 4158, Denver & wmrn 5s, Prisco 4%4s, Southern Rail- way 4s, Texas & Pacific “C” 5s and Boston & Maine 5s. The industrial group was dull and Jower with the exception of the traciion issues, which made fractional gains. Stren Jth in a few central European descriptions, notably Italian loans, and a generally lower tendency marked the foreign department. e Washington Stock Exchange SALES. Rwy. & Elec. pfd.—10 at , 10 at 967, m at 96%, 5 at 96%. Amenmn Security & Trust Co—2 at 426, 1 at 426, 10 at 425, 10 at 425, 5 at 426. Wlshlllmn wy. & Elec. 45—8$5,000 at PE5.000 at 873, $2,000 at 873, l1000 at 87%, Lanston Monotype—T7 at 115. Mergenthaler Linotype—20 at 107, 10 at 107, 10 at 107, 10 at 107. AFTER CALL. Potomac Electric 5% % pfd—10 at 108%, 8 at 108%. Mergenthaler Linotype—10 at 107,40 umt;:.ler Linotype—50 at 107. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. l‘l'.ul 1‘/. l' Amer, Tel. & Tel. ; Tel. & Tel. etl B e R. R. Po& o. of c-nlm “Traction City & Wash & An Washin Fibn cas e s gs. serd —a35308082 National Hational Cavital Elzgstaie 8 | pusussisisy Second National ‘Bank ‘of ‘Washiniton TRUST COMPANY. American Security & Trust Co. 433 Merchants’ Nation, s £ Washington Loan ‘& Trust BAVINGS BANK. Bank of Bethesda Commerce & Savin cast Wa Bea 8 835 ¥ s D. 0. r Mtg. Df Dist, Natl. Securities bit lmnwnl Bromo !'am" al-American 'Co. Ses & st 3! U. S TBEASUEY BALANCE. The United States Tre balance announced today as of close of busi- ness March 26 was $365,416,220.67. Customs receipts for the month to date $34,075,118.89. Total ~ordinary expenditures, $6,048,583.82. POTATO MARKET. lueelpu ot Daited suates ooy Lmdl.u only fair, market sacked l'ound 'hl!a.'g’ round tes, 40; Idaho -cked Russets, 3.15a — Stock Increase Approved. NEW YORK, Mar o holders of the Gontaine x’::omnm of America have :vpnved increasing the authorized $20 A" Stock from 800,000 %0 3.000.000 Ahazats Rio Grande | Frencl 10113 10111 101 30 101 26 100 26 100 16 100 27 100 24 105 10 105 10 1088 1088 1128 112 102% 102% 100% 100% 103% 103% 93 3% 93 93 103 103% 100% 100% 81% 82 100% 100% 92U Y24 9% 9TH 100% 100% 4 110 110 110% 110% 109% 110 931 934 100% 101 104% 105% 102 102% 102 102 104% 105% 94 97% 100 108% 1081 117% 118% 122% 122% 921 93 97 97% 102% 108% 104% .104% 88 88 4 102% 103% 97 97 100% 100% 974 9TH ®»Se Colombia 6s Jan 61. Con Pow Japan 7s.. » 0 aREo- RARNE e BREANDSHAR - Irish Free State 5s. 6 Ttaly 7s. Italian Pub 8 Japanese Japanese 63 Jugoslavia Bank 78 ) 96% 96% 103% 103% 84 84 80U £0% 98% 99 103% 103% 103% 103% 93% 93% 101% 101% 88l F8l 88 88 103% 103% 98v 98% 100% 100% 103% 103t 103% 103% 102% 102% 9”2 - 92 9% 9% 102% 102% 101 101 81%, 81% Norway 638 1983, Orient dev 63 58 Orfent Dev'mt 99% 99% 100% 101 107% 107% 106% 106% 92 92 9214 92% 100 100 99% 99% 108% 108% R/6% 86 97% 97U 91% . 92% 103% 103% 104% 104% 103% 104% 1osw‘ 108% 99%. 1004 81% 104% 105 100% 100% 984 98% 107% 107% 107% 920 82 9% 2. Warsaw 7s 63. Yokohama §s. MISCELLANEOUS. ADItibl Pa&P5s'S3. 7 86 Abrama&sStraus 634 29 99y Al 63 nfi 101% 106 106 100 100 91 .92 101% 101% 104 104 171 177% 108 108 104% 1043% 103% 103% 102% 102% 101% 101% 102 102 55 55 97 9% 8714 8T 101% 101% 96% 97 39% 99% T 57 1064 1064 99% 99% Bethlehm St1 Beth Steel rf Certn-Td 5%s rets.. Chile Copper 6s. Colon O11 65 38. Col GAE] 58 May [ Com Invest :‘l‘l 'C'. ConGasN Y 6%s. ., Cuban Am Sugar $s 5 4 6 2 70 2 2 1 4 5 6 ¥ 31 . 18 39 7 8 . 5 11 31 Manati Sugar :u Phila & Read 6s '49 Phillips Petro 63%s. 3 Por Ric Am Tob Postal Tel & C § Pub Serv.Gas 4% Pure Ofl 6%s 1. o u Remington Ar Rem Rnd 63 war.. 12 Richfleld Oll 68 ¢4.. 1 Sinelatr O1l a8 Sinclair O1l 6%, 6 Sinclair Ofl 7s... 4 Sinclair Crude 6 Sin Pipe Line Skelly O11 6% South Bell T Southwest Stand Ol N J StandONIN Y ¢ Tenn Cop §s 6 ¥ 14 6 5 1 Tex Corp av 68 1944 50 Transcontl Ol %8s 13 OUnited Drug 6s 63.. 26 9 67 21 10 1 3 '!2 (& ] 1 5 4 6 1 2 2 4 1 4 5% Vertiente: sug 7 Walworth War Quinland u Warner Sug Westn Union 6%s. . White Eagle O 6%.. White Sew Mach. Wick-Spen cv Win Repeat Ar 7348 Youngstn S & T bs. . High. 8 7 5 T4% T4% 101% 101% 101% 102% 102% 102% 101% 101 101% 84k 841 84% 100% 99% 100% 20 28% 28% 114 114 114 105% 106% 105% 95 95 95 106% 106% 106% 100% 100 100% 106i 106% 106% 111% 111 111 103% 103% 103% 102% 102% 102% | i, 102% 102% 102% 101% 101% 101% 102% 102% 102% 102% 102 98% 99% 99% +5 96% % 9T 9% 9 96% 96% 96% 100% 100 100% 96% 96% 96% 100% 100% 100% 102% 102 102 103% 103% 103% 103% 103% 108% 104% 104% 104% 103% 103 103 9% 9% 9TH 101% 101% 101% 106% 106% 108% 104% 104 104% 102 101% 102 NTRON AND STERL Improved Auto Demands and Spring’s Approach Are Chief Factors. Hodmu exp-nm In uhl of p&r iron and specifications for ed steel ved sentiment in t.hg automotive ine and approach of the season when outdoor work is resumed in the 102% | fron ys Iro Cleveland. 'n:e fact that production of steel is not giving further !;round. holding at lbout T4 per cent, led as en- 99% | in may be expected to improve slightly over the next few weeks. Most automotive manufacturers have adopted heavier uludnhl for April Fesulfing in Deaview Gatput of Mighoan: g eavier output of high. ished sheets this week. "wAetlll.lh!bfludl steel awards have fallen off, but lpocl fications against recent lettings are brisk. Plate demand at Chicago is suf- ficlent to provide plate mills a small backlog. In strip and wire bookings are not shrinking tumur. also a good omen. Price Situation Fairly Firm. 98% 974 97% | semi- 88 . 874 874 100% 100% 100% 100% 100% 100% 93% 93 93 57 67 57 934 934 934 881 881 88k 50 50 0 103% 103% 103% 103% 103% 103% 109% 109 109 105 105 105 80 80 35% 354 36K 100% 100% 100% 100% 100% 100% 102 102 102 102 101% 102 RAILROAD. Ann Arbor 4s...... Atch deb 4% Balto&Ohio gold ¢s. 4 139% 138 ° 139% Y 9% 9% 100 100 100 1087 103% 103% 102% 102% 102% 102% 102% 102% 106% 105% 105% 109% 109% 109% lfl!lfi 103% 103% 2 8 . Bklvn Manhat Bush Term con bs. Can Nat 4%s Can Nat 4%s 67 Can Nat 438 Can Natl 58 July Can Natl 65 Oct ‘69 23 5 2 o 112 Car Clin & O 65 52 Cent of Ga §8 C § Cent Pac 4 g;n!:-;lll o8 Corpn Ches & O gen 4%s.. 20 Ches& 0434893 A. 20 Ch& O 4%s B 1995. 2 Ches & O con 5: CB&QUI3% ChI&E 111 gn 68 51. Chi Gt West 4 CM&StPGen8y.. 1 Chi M&StP 4%sE.. 5 Chi MIISP&PacssT6 39 CMSP&Pac adj5s03 69 ChiNW4%s2037. 10 Chi & N W con 4%s 58 Chi & NV ref §s. % 1 21 22 Chi Un Sta 6s. Chi Union Sta 1 CCC&StLEsD.... Clev Term :%"17 ss 93% 93% | Cu 4 ‘l 2‘\ DesM & FtD Des M&F'tD 4s ctfs Duluth SS & At §s.. East Tenn Va&Gabs @ ‘mnum ERPEY 2 6 1 5 25 Gt Nor 4%s E. 2 Gt Nor bs... 4 Great Northn 1st 88 5 Gt Nor 6%s. 2 Gt Nor zen 7 23 Green B& Wdeb .. 38 3 15 . 19 12 30 2 Int & G Nor 1st ] Int RysCA 6%sre. 3 Kan City Ft S . 33 Kansas City S §s Kan City Term & 101% 101% | 2 103% 103% 107% 107% 97 -9 99% 99% 88% 84 102% 102% 103 - 103% 99% 99y 105% 105%: 1074% 107% 95 95 101 101 1024 102% 104% 104% 100 Humble O & R §s. Humble O& R6%s [ Kdlkll %s Lackawanna Stl §s. Lacled . lcllhlllul..... u L& N %8 2003 Louts & Nash 7 My Market St 78 40. 7 Miil El Ry&Lt 0“‘ 5 MU EIRy&L6s61 & Minn & StL ref 4 .uuuuulu-. MK&T4ésB MK & Tadj bs. MK&TormEsA. 2 106 38 94% 99% 4% 8% 96% 96 9 95% 1034 102% 103 103 102% 103 993 99% 994 116% 116% 116% 111% 112 101% 101% 101% 109% 109 109% 100% 99% 99% 93% 931 93y, 103% 103% 10314 101 100% 100% 100% 1600 100 9R 97Ty 97y ST% 9Tu 8Ty 103% 103% 108% 88 88 88 82% ket 87% 81 70% 874 95% 9% 5% 8 98 102% 102 106 109% 109'¢ T 98 102 106 109% 95% 954 " 95y 99% 991 99w 91 90% 90 104% 104% 104% 116 98 98 o 103% 103% 103% o815 98 98 5 107 106% 106 64% 64 641 mo'a 100% mou 981 nlw 98 935 93% 30 30 30 30 T6% T6% 108% 103% 103% 86% 86% 83 83 95% 958 10! IK 101% 101% 112% 112% 112% € 59% 59% 106% 106'% 106% i 1 m 98y 98 9RY, 97U 9TY 9T 107 107 107 954 954 95% 110% 110% 110% 112% 112% 112% 32 30% 32 98% 98% 98k 81% 81k 81% 98% 9% 9% 92% 92% 92% 100% 100 100% 106% 106% 106% | Penna 97 97 96% 97 0 N 101% 101% 90 a1l 81% 81% 100% 100% 59 59 9614 97% 99% 100 100% 100% 100 1004 101% 101% 893 89 108 108 102% 102% 80 804 100 100% 100% 100% 100% 100% 118 118 98% 98% 54% 54% l\filA 16 107 6s'31. 6 101% 63°33. 18 102% 101% 101% 102% 102% but in scrap further weakness has de- Veloped ana in the. fnisbed steel lines some concessions are noted.. Flat-rolled steel producers’ quotations for April de- livery to the automotive industry are on & par with the low levels of the first quarter. While 185, Pittsburgh is the basis for most transactions in bars, plates and shapes, 1.80 shows a tend- ency to be designated more freely. March freight car orders, estimated at 5,200, bring the first quarter total to lmt Z'I 100, contr-ledqwlu: 41,163 ln the first quarter of 1929 and 17,358 in the opening quarter of 1928. However, Rt e B e equaled that of 1929. o T Ford Motor Co. is of o trer oy of iron ore, ope: Tant year's Do are. ‘mdereabes s 'S prices are uni have been quoted by some TS, o Operations Show Advances. Steelworks operations at Buffalo ad- vanced this week from 71 per eem"u ;l: and -t Cleveland from 68 per cent lbout 16 per cent ns pjer cent. som ts in ict are on lower sched- s e iy S subsidiaries ton to close for 330,000 tons Take Superior ints, giving the 'l!w'uweenunomuum The!lmnhdedinzthh Toh month in the gt average of $34. compared (orhbmnmdsunmmglx —_— DIVIDENDS DECLARED. NEW YORK, March 28 (#).— Regular. - 5. 8. SR RS > g5, Ehit e Sesbe 00000H0DOOOOO LOOOLO! 1 . i . TREASURY CERTIFICATES. (Reported &y J..& W. Beligman & 00) ?Y.!E.i%: 222 rrl i:zz i (3 3.l : z tu. S2ar 1 105% 105% 1054 10 601 60 60 2% 18% 20 g g *e 2 s Swed a_;g 5 283%: 2222225 n® S g Norfolk l Nor Pla 38 30 ‘.. 3 1 8 0 1 1 71 92 9 1% 2 104% 104% 104% 2 112% 112% 112% 5 10%4 104% 104% 9 99% % 104% 108% 103% 108 108 108 lOIM 109% 109% 99% 99% !'I!& 87% BT% 32 32 32 TN 9T 9T 104 108% 103% 100 100 100 100% 99% 99% 93 Pere Marag PortE1P L Reading gen 43448 A Reading J C4s 61.. RIArk&L4%a RI0G W 18t és. St L IM&S gn 68 31 1% 91% 914 118% 118% 118% 104% 104% 104% 108% 105% 100% 100% 108% 1031 101% 102 101% 101% 101% 36 83w 82% 83% 15 100% 100 100 2 98% :M 984