Evening Star Newspaper, April 4, 1930, Page 14

A—-14 DECREASE IN BANK DEPOSITS IS NOTED Money Rates Are Cheap All Over World—Wheat Gain Aids Stocks. BY JOHN F. SINCLAIR. Fpecial Dispatch to The Star. NEW YORK, April 4—Bank deposits are slightly off . from their December totals, according to the reports of two New York leading organizations {issued on March 27. The National City Bank shows a drop of $178,000,000, with total deposits of $1,471,000,000, and the Guaranty Trust Co. a decline of $175,~ 904,000, with total deposits of $1,133,- 1000,000. But money is plentiful and cheap. ‘While the official rate on call money pesterday was 4 per cent, many conces. sions to 3} per cent were made in re- newals. C!nt.rll bank rates continued to drop in other parts of the world. Yes- terday the Bank of swiuerllnd reduced its rediscount rate from 312 to 3 per cent and the Bank of India reduced from 7 per cent to 6 per cent. While no change took place in the Bank of England rate, which remained at 312 per cent, reports from London indicate that easier money is having its effect in improved business conditions. Yesterday's stock market activity at the close was helped by the spectacular rise in wheat for a gain of 4 cents a bushel on improved foreign demand and various reports of crop damage by drought. Despite the cry of bad farm prices, farmers are going ahead. In every product other than durum wheat, peanuts and hay American farm- ers have signified their intentions to lant larger acreage. Fifty thousand armers told the Economics Bureau of the Department of Agri~ulture that 1930 would see an increase in acreage of 2 ver cent over 1929. The bureau is inclined to view the matter conservatively, making allow- ances for unfavorable weather at plant- ing time, droughts and floods. But even that doesn't check the enthusiasm of the “intend-to-plant” reports. The Federal Farm Board battle to restrict production in the staple lines— especially wheat and cotton acreage— may yet succeed. But so far it has made little impression on the farmers. Paul M. Mazur, New York investment banker, in a recent book, “America Looks Abroad,” tries to answer the question of how the United States may continue to collect $1,000,000,000 of annual interest on foreign loans and at the same time maintain a growing export balance of about the same amount. After analyzing the pros and cons of the whole situation, he comes to the conclusion that the thing is impossible and concludes that it is “the most seri- ous threat to America’s standard of living and economic program that the future holds.” Only the other day, Owen Young talked in the same vein, when he declared that the living standards of America could not be permanently maintained at a measurably higher level than those of other civilized countries. “Either we shall life theirs to ours, or they will drag ours down to theirs,” was his conclusion, ‘The present time is a sobering, think- ing, reflecting time. Business men are {eagxn‘ everything dealing with foreign rade. But perhaps in the next few years world trade will expand to two or three times its present volume. If so, the present problem of debits and credits will be a comparatively small one. But no American can, with safety, conduct his business in a complacent manner in an era which has forced the United States into the position of the wnrid's greatest creditor. Redfield Proctor, pre pl'eslde‘lslg:( the New England Council, ssing the future of transportation facllities in that section of the country says the control of the railroads there by New Englanders has been steadily diminishing. New England, an important manu- facturing center of the United States, must rely largely on railroads. Much raw material is shipped in, manu- factured into the finished product and then shipped out. So the railroads continue to be the greatest carriers of merchandise, raw or manufactured. If fewer and fewer New Englanders are interested financially in the railroad systems which traverse their territory, then indefinite reten- tlon of the status quo lmon& New &ngland railroads is the least likely of @11 the passibilities in_the situation, This is the view of President Proctor. New Englanders, too, will try to find @ut who owns their railroads. Business cannot permanently improve wuntil the commodity price level becomes fmore stabilized. Bradstreet’s April 1 index of com- modity prices indieates that perhaps the worst is over in the commodity situation. Commodity prices droj -tenths of 1 per cent di Afarch. But uj m March the decline was rat' r rlp Durivg the four and one-half years commodny prices have lost 85 per cent of what they added in the previous four and one-half years. ‘Today commodity prices are almost back ‘to the level reached in June, 1921. Bradstreet’s index of 96 articles ! shows that from the low of 1921, reached in June, to the high of 1925, Teached in December, this index moved up_from $10.616 to $14.405. Then the long drog.begm The last four years showed that up to April 1 last, the index had dropped to $11.183. It moved up during the 1921-25 period B 8375 i omin o e o —thus losi T cent of the eariier gain, . e There are many who believe the March lows will be the record and that lno'.her long upward swing is about to begin (Copyright, 1930, by North American News- pper Alllauce.) NEW SECURITIES NEW YORK, April 4 (#).—New se- eurity offerings today include: Caterpillar Tractor Co., $10,000000, five-year 5 per cent convertible gold notes, due April 1, 1935; priced at 98% per cent to yleld about 5.35 per cent. Offered by Pierce, Fair & Co.; Stone & Webster and Blodgett, Inc., and others. Corporation Securities Co. of Chi 4,250,000 shares no par common stock, B riced at $27.50 a share; offered by the umy Securities curpannon and Ehmnplne Government, $1,250,000 4% per cent tax-exempt gold bonds, yielding 4.20 per cent, due $750,000, September 15 1959, at 105.04 and in- terest, and $500,000 due October 15, !559 n 10506 lnd interest. Offered by C. F. Childs & Co. Butter—One-pound _prints, 41%2a432; tub, 40%,841. Eggs—Hennery, 26; cur- Fent rereipts, 24 3 Poultry, ali 65. m 32a35; Spring broil- m’m chickens, 37a38; 25a28; llm‘:‘li ‘k loins, ’*8a i 2 : B h:ml, 26; fresh pl‘;ltouldm 22; nnokt ms, 38; smoked shoulders, I Moon.“ lard, in packages, li'/z. Live stock—Calves, 8a13; lambs, 108 iambe. 20, 33; Spring FINANCIAL, THE EVENING STAR, WASHINGTON, D. C., |CONVERTIBLE BOND | Con-rev vons"BONDS o excawves] |STOCK BORROWINGS NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued From Page 13.) Ludlum Steel (3) McAndrews&F 12, McGraw-Hil (2). Mcintyre Pore M(1). McKeespt T P(14% ). McKesson & Rob (2) McKes & Rbpf(3%). MeaLellan Stores. Mack Trucks (8). Macy (RH) & Co(n1). - » - 159% 14% - JETSPUIN 3 PPUOP T HOT0L - JUPPAS - P TSIV Joroa = Mathleson Alktll (3). May Dept Strs lll). PLITE =TSSP E ST - PS4 Mengel Company (2) Mexican Seaboard... Michigan Steel (3%). Mid-Cont Pet (2).. Middle States Oil ot Midland Steel (3) Midland Steel pt (8). Miller Rubber. .. Minn Moline Pwr. Minn Moline pr 6% Minn & St Loul! Mo Kan & Texas. Mo Kan & Tex pf(1). Missouri Pacifio. Missourt Pac pt (6).. Mohawk C Mills (3).. Monsanto Ch (g1% ). Montgomry Wrd (3). - pa 10). . Mother Lode (¢00).+ Motor MeterG & E. ., Motor Products (3).. Myer(FE)& Bro (n. sh Motors (6). ... NH & Hart (6)... YNH&HDPI (7)., Norfolké&Wstn pf(4) North Am(b10%stk) North Am pf (3).... No Ger Lloyd (3.43). Northern Pae (6).. North Pac ot (5). Norwalk Tire & RD. O11 Well S8upply. Oliver Farm Bqui; Olivr Fr Eq cv pt(3). Olivr Fr Eq pf A(6).. Omnibus Corp. ..... Orpheum Cir pt (8). 1200 Otis Elevator n(2%) 56 OuisStee] (24)..... 2 Owens 111 Glass(n4. 1 Pacific Gas & E (3) g; 1 » 208 Prairie Ol & Gas(3). Prairie Pipe L (15). Proc & Gamble (3) Prod & Refine: Public Serv, NJ 3.4/ ki 11% 113% 97 112% B9 8% 26% 88% Punta Alegre Sugar.. Pure Oil (13%)...... Purity Bakeries (4). Rem Rand (1.60) Reming-Rnd ist (")- Rensselaer & S (8).. Reo Motor Car (.80). Repub Ir & Steel (4). Rep Ir&Stl ctfs (4).. 142 14% B2 Rio Grande Ofl (3).. Ritter Dent :!. (13) 49% 93% Safeway Stores(es). 1 94 Safeway pf (6)..... 10s g WEAVER IS ELECTED TITLE CO. MANAGER Ernest M. Weaver, vice president of the New York Title & Mortgage Co., has been elected general manager of the Capitdl Title & Guarantee Co., this action being taken ata meeting of the board of directors yesterday. As t, who recently resigned to devote time to mu;iflq. who has beu connected with the New York company for Prev. 2:88. Close. Sales— muuu. lfl” High. Low. 58% 63 653 b4 117% 116% au lumnl-u (t3) 107% St L-San Fran (8. 117% 116% 00% 100 Seo Natl Inv pt Seneca Copper. Servel Ino. 11% Sharon 8 30% 23% 2 Skelly O11 (3). Sloss Sheffleld Std Brands pf (7) Stand Comm Tol Symington (A ‘Tehutograph (11.30) Tenn Cop & Ch (1), .. Tex P C & Oil. ‘Texas Pac Land Thatcher Mfg (1. 33% Thompsn Prod(2.40) Thompson Starrett. Tide Wate: Am Tide Water Ol F((il Timken Det Ax(80e). ‘Timken Roller (3) ‘Tobacco Products. Tobacco Products A. Transcontl Oil (30¢) Transue & W (1) Trico Prod (3%). Twin City Rp T (4, Und-Ell-Fisber (§).. Union Carbide (2.60) Union Oil of Cal (32) Union Pacific (10) Union Pacifie pt Union T’k Car (1. |°). » 126 124 104% 1024 ® » ® Roelunenlo ~oetnatomms oY (- Realty (5). Rubber. Rubber 18t pt. Smelt Ref u?)., Smelt Ret pf 334, 1 (Toserasan U § Steel pf ™) 4 U S TobRCEO (4).yar Unlv Leat Tob (3): .. Univ Leaf Tob pf(8) Univ Pict 15t pf(8).. Univ Pipe & Rad..... Utll Pwr&Lt A (e2). Vadsco Sales Corp... Vanadium (14)...... ek cadaqddaadca :mwunaunmh 81! - Virginia-Car-6 % fi-- ** Virginia-Car of (7). <+ ¥ale Detinming (4).. Wlbllh‘...... sh pE, A (5, \fi‘a]florl Syllm (1%) Walworth Co (2) » 8 -3 = - CoanANNHRROG Westinghse E&M (5) 157 Westhse E&M pf (6) lOl Wulnn El ins (1)... Wrigley Wm (4 Yale & Tow! % Young 8 Young Sheet Zenith Radio. 3) T (8] Am Roll M., June 16 4.008,500 tet iven in, the ) ”l':mdm Iates as glven in u-rm-ly o Balfyearls “deciaruions t gpast year) of trading less than Part; s Unit of 19 shares, 7 extre < Plus 4% in stock. a Pi f5 cash or "'i Fplis 10% in stock & B SR ;.;fi'uu 2% in el pi b 1o stank s e $DfD gtk S £ ' Mr. Peyser stated that he had been representing New York interests as an 99% 5% & number of years, was appointed title officer, a newly created position. mmmmamdtfle-m the Chandler Building in October, 1928, representing the New York cencern in 48% | of the investment market today was / 45% | the extreme activity of American Tele- ISSUES GO HIGHER| Telephone and Theater Sec- tions of List Move Into Record Ground. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, April 4—The feature p;\:’n.e & Telegraph convertible 4%s [§ ). Trading in this issue alone accounted for nearly 30 per cent of the total transactions. The movement was based on the advance of the company's stock. Above 185. this bond was 70 points above the low ponit reached last October and Llu':.l:g 42 points below the best price for 29. Other bonds carrying convertible or stock option privileges went into new high ground. Philadelphia & Reading Coal & Iron 6s were turned over in large blocks for an advance of over 2 points, part of which was later lost. International Telephone 4%s, Texas Corporation 5s, General Theater Equip- ment 6s and Warner Bros. Pictures 8s were dther actively higher issues. ‘The rest of the market did little. The C Frune group stayed close to closing vels of Thursday, and trading was light. Small gains were marked up by Atchison general 4s, Southern Pacific 4155, American Telephone 515 and Na- | tional Dairy Products 5Y%s, while there were losses in Pennsylvania 41;s, North- ern Pacific 4s, Inland Steel 4125, Stand- ard Oil of New York 4!3s, Columbia Gas 55 and Utah Power & Light 5s. United States Government bonds were traded in moderate volume, drop- | ping 1-32 to 4-32. Money rates re- mained unchanged. New offerings to- taled only $12,000,000. Semi-speculative features were Fisk 8s, up 1 point, and Fisk 5's, on the curb, up over 4 points. Both anticipated a {nvoraNe earnings report for the first quarter. Anglo-Chileah Nitrate 7s were also higher in fairly active trad- ing. the 7s, Loew's 6s and other issues of amusement companies followed the advance of their common stock. Junior rails had a ragged appearance, the widest movers being International gl:lt r:olr}hemuudmnments off 1; Erle neral Lien up %, and Seaboard All-Florida “A” 6s, off 1. Foreign dollar cr!d".l were generally . German Central Bank 6s led the rest of the German group to frac- tionally better levels. Brazilian 6%s gained a point. Washington Stock Exchange SALES. ‘Washington Gas 6s “A”—$100 at 102. Capital Traction Co.—10 at 80 /., 10 at 80, 20 at 80, 10 at 80, 5 at 8 Pnl'g;nlt Electric Cons. Sl—ll 000 at N Wuhlnywn Rwy. & Electric 45—$1,000 at 877 Colr;t;nenul Trust Co—10 at 127, 1 at Lanston Monotype—10 at 116, 10 at 116, 10 at 116, 10 at 116, 10 at 116, 10 at 116, 10 at 116, 10 at 116, 10 at | 116, 10 at 116. Merchants' Transfer & Storage com.— 10 at 110, 10 at 110. Mergenthaler Linotype—10 at 107%, 15 at 1073, The Carpel Corp.—50 at 26%. AFTER CALL Washington Gas 5s—$2,000 at 102, Pn‘vfir,lw Electric Cons. 55—$1,000 at Anncomn & Potomac R. R. 55—$1,000 W::hlnmn Rwy. & Elec. 45—$2,000 at W;:hln(fon Gas 6s “A"—$1,000 at Mement.lnler Linotype—10 at 107%2, 5 at 1073, 2 at 10713, 10 at 107%%. cvn'mion—’nw last sale of 50 Carpel Corp., at 261 nsurdny should have read, 50 at 26% Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel Anacos Asked. el. Gavital Traction K. Siy & Sub wy. & Elec. )(XBCL'LLANBOII! Barber & Ross : am. Anderbm Hocel s Cnevv Chase Club C. Paper Pot_ sotat Btod Wash. Mkt. Cold smuu 55 FRIDAY, APRIL 4, 1930. UNITED STATES. (Sales are tn $1.000.) Sales. . Low. 2:85. . 19 10013 10013 10117 101 17 101 26 101 26 107 12 107 12 100 19 100 19 104 16 104 20 1116 1116 FOREIGN. Sales, High. Low. 2:55. 3 99 99 9% 9% 95% 95% 99 99% Argentine 6s B. 08% 98% Australia 4%s Australia 68 1955. . 11 Australia 6s 1 Bank of Chile §%s. 15 Bol‘lnm [l 9% 9% 98% 98 5 102% 102% 108% 109% 112% 112% 108% 108% 115% 115% 110% 110% Bl Belgium 78 1956 Belgium 7 DE1 E*lueh 52, DE16%s Nov 53 Dutch East 1 63 62 Flat 7s ex war 48 Karstadt 63 1943. .. Kreuger&To'l 5s ot lel Lyons Marsellle e 102% 88 88 98% 101% 103% 103% 102% 92% - - o * Rbine Wat EP lll' Rhine West 65 63... Rio de Janeiro 6%4s Rio de Jan 83 194 Rio Gr do Sul R'o Gr Do Sul 8; Rome 63%4s. Sao Paulo 88 193¢ Sao Paulo 196/ Saxon (PW) N_oa CoRom G0l xCue NOANONS-O ORNNORONN KR = = Toho El Pow Toho El Pow 7; Tokio 6% 1961. Utd Kingm 6%s 37, Unt S 8 Copen 6s 37 MISC| I.I.ANEOUl. Abitibl Pa&P Ajax-Rubber 8 Alleghany Cj Alleghany bs 49. Allls Chalmrs 68 '37 4 49 103% 10219 49 1034 102% 1 101% 101% Wash. Cons. Title i STOCKS PUBLIC UTILITY. Amer. Tel. & Telj NATIONAL National Capital lumbia Lincoln onal ‘Metropolltan’ Rigss TRUST COMPANY. American Security & Trust Co..*437 tinental Trust. 13 National Savi Union Trust. Washington Loan' & Trust. SAVINGS BANKS. Barbe: & Ross, Inc. com chev‘. Am AgriChem 7%s 7 103% 103% 1 87 87 16 101% 101% AmChem 6%scv 49 58 107% 106%% Am Int Cor 6348 47 101% 100% Am NatGas6%s43 11 89% 88k AmSmit& R 1stbs 94 102 101% Am Sugar Ref6s... 5 104% 104 Am T&T cv ¢35 353220 189 184 Am Tel&Teleg 55’65 76 103% 103% 103% AmT& Teltr « 1105 105 AmT&Ts 16 « 6 103% 103 Am Tel & Tel 6%.. 11 107% 107 Am Water Wks §; 2101 101 Am Wrtg Pap 68 47 2 82 821 Armour&Co 43%839 10 90% 90% Armour Del §34s. 3 83% 834 Assoclated Of1 5 102% 10294 2 78 1.102% 102% 102‘/1 1 104% 104% 104% 1 106% 106% 106% 4 101% 101% 101% 2 104 104 104 Bklyn Edison 3 104% 104% 104% Certn-Ta5%srets.. 14 5d% 54 Chile Copper 6s.... 33 ' 97% 96 Col G&EI 63 May 63 2 101% 101% Com Invest 5%8 49, 36 96% 964 Com Invest 6s°43., 7 56% 16 106% 106 « 1 39% 39% Cuban Am Sugar8s 27 100 100 o 2 106% 106% %8 67.. 1 lnteuu!n:flh 4 83% 83% Fisk Rub 8 - 32 8 85 Gen Cable 6%s 1.. 8102 102 . 16 103 102% 2 101% 101 . 5107 107 D. C. Paper Mfg. bf Dist. Natl. ‘securities 0 Sel - Lanston Monotype. Trans. & Storage Trans h”!t 90 107% PARIS BOURSE PRICES. PARIS, April 4 (#).—Prices were firm on the Bourse Three per cent mfiu.loma'l&eewmn Five per cent rentes, 102 francs centimes. on London, 134 francs 31 centimes. The dollar was quoted at 25 tnnuss%eenfl.mu Citrus Fruit Cmp Improves. HOUSTON, Tex., April 4 (#).—A 100 per cent increase in citrus fruit produc- tion over the 1929 output is indicated lbt’h“ from growers in 5 86 851 5 101% 101% ® 11 102 101% 12 104% 104% 94 94 2 104% 104% 1 106% 105% 2108 102% 2 Bd% 84% 2 103% 103% 11 1244 122% 12 98% 98% 1 89% 89% 59% 1 109% 109% 109% 13- 78% 72 12 5 101% 101% 101% 9 102% 1024 102% 27 100% 99% 100 21 27% 25 25 2 102% 102% 102% 1114 114 114 10 106% 108% lMK ?1 m‘% lom w«u . 4 11k 111% 111% Manat! Sugar 7%s. McC'rmick ER 68 34 Montana Pow 43... Nat Dairy 3% No Am Ed S%s N Y Edison $%s. : l-ln. High. Nor Ohfo Tr&L 20 Phila & Read Phillips Petro Remington Ar Rem Rnd 6% war.. Richfleld O1l 6s 44. Sinclair Ol 6%, Sinclair Ofl 8. Sinclair Crude 6%s Sin Pipe Line Skelly O1l 5% 8 South Bell Tel Southwest Bell b Stand OIIN J ¢6. .. Stand Ol N Y 4 %s. Sug Es Orlent 7s, Tenn ElecPo Tex Corp ov 68 1944158 Westn Union b8 ll. Westn Union 6348, White Eagle O 6%. Youngstn S & T s, Atchison gen Atch deb 43%8°4 At & Bir 4s 33 AtiantieC L Atlantic C L ¢s. Balto&0hlo gold 4 B&Ocvaks. .. B&O 4%scy 60 Boston & Maine 5. Bkiyn Manhat 68 Bklyn Un El 58 60. Bklyn Un El 58 sta. Buff R & Pitts 4348, Bush Term con 53.. Can Nat 4%s ‘68 Can Natl bs Oct Can Nor 7 Can Pac del Can Pac 4% 4 Can Pacific ctts 6. Canada So Cent of Ga 65 C Ches &0 4%893 A. Ch &0 4%s B 1995, Ches & O con b Chi B&Q gen 4s 63 Chi Gt West . ChiM&StP4%sC89. Chi M&StP 4%s E. Chi M11SP&Pach CMSP&Pac sdj6803 Chi & NW gen 4 Chi Un Sta 4% C& W 16%s63. CCCA&StL deb 4%8 Clev Term 4%8 17 Clev Term b Colo & Sou Del & Hud 1st rf & Del & Hud 78 3 Den & Rio G en Den&R G W 4%s 36 DRG & Wst 6865 DRG & Wst 68 7! Duluth § § & At 5 Erie 1st cons ¢s. Erie Gen 4 Eriecv 5s 87 Erie & Jersey Erie Genesseo Rs 63 Fla East C8s 74 Gr Trunk st db Gt Nor 4%s76 D. Great Northn 1st 87 i Gt Nor 6%s.. Gt Nor gen 78 Green B& W deb .. Hud & Man a3 68, Hud & Map ref 6s 111 Cent ref 4s. Int Rapid Trans b Int Rap Tr 68 stpd.. Int Rapid Trans és. Int Rapid Trans 7s. Int & G Nor 5s 1956 Int & G Norali Int Rys CA 6%sre. Kansas City 8 6 Lake Shore ¢s'31., LehiVgen 43 2003, L &N 482003 Louis & Nash 1 M Ry 1st Market St 78 Mil EI Ry & L Minn & StL ref M St P&SSM cn MS(P&SSM 65 gt M St P&SSM MK&T st MK&T4%87 MK&T prIn 68 A. MK & T ad) b 52222 222222 zggzzzz ) ol Py z22 i 2, » r] Z ] ] @ 3 H - b = Norfolk & W en Nor Pao 4s. Nor Pac 6s D. Nor Pacrf 6 Penna gen l% Pere l'loufi- 1980 wi PCC.!&L‘IB"I Reading gen 4%8 A St LTM&S gn 65 '31 SIL&SFplisA.. StL&SF ¢%s 1 St L & San Fr in 6s. S&L&SF gen 63 31. StP & KCShL 4%s. Seab AL ref 48 Seab AL adj Seab AL con SBAlLFIats 1 A. RAIL IIOAD. 92 Brdway & Tth Av b8 24 FINANCI 32:88, 1 101% 101% 101% 101 100% 100% 106% 106% 106% 102% 102% 102% 102% 102% 102% 102 101% 102 63% 60 60 103 103 103 2 100% 100 100% 94% 5% 7 97 964 S 100% 100 100% 97 96% 96% 10215 102% 102% 104 103% 104 100 991 99% 98y 98 98% 94% 94% 94% 103% 103% 105% 104% 104% 104% 103% 103% 103% 24 9% 96% 9T% 2 89 89 389 2 106% 106% 106% 104% 103% 104% 97 96 96 87% 87% 874 100% 100% 100% 100% 100 100 93 92 934 o1% 91% 91% 109 10s% 109 88% 8Bl BE% 103% 103% 103% 102 102 102 109 109 109 107 106% 106% 35% 385% 35% 34 36 34 100% 100% 100% 6101 101 101 3102 102 102 92 92 94% 94% 140% 139 140 881 881 88k 92% 92% 92% 90% 90 90% 93% 93% 93% 100 100 100 104% 103% 104 103 94% 110 3 104 38 103% 103% 99% 100 38 38 99% 99% 87 88 94 97 97 95% 95% 96% 102% 102% 102% 111% 111% 111% 26% 86 B6M 99 99 99 103% 103'% 108% 105 105 105 100% 100% 100% 93% 934 93% 103% 103 103 1005 100% 100% 991 99% 99% 97y 9% 9% 9T 96% 96% 108% 103% 103% 5 93 92% 93 106% 106% 106% 6 81% 81 Bl% non 95% 954 96% 96% 93% 94% 729. 3 1 90% lom lOZ'q 102% 109 109 109 100% 100% 100% 8% 8% 8% 90% 90 9T% 9T 94% 94% 991y 991 99% 98y, 98 984 94 20 7% V4% AL. CLOSELY WATCHED U. S. Officials Concerned Over Rapid Gain in Loans to Brokers. BY CLINTON COFFIN, Associated Press Financial Writer. Renewal of stock market actidity on Wall Street with its accompaniment of persistently rising security prices is a process that does not seem to be re- garded with unmixed satisfaction by that portion of official Washington re- sponsible for national fiscal and credit policies. The position taken is a long way from that of open hostility, but there is a disposition to deplore the quick rennaisance of rather extensive security speculation. As usual, the fear expressed as to the present course of market activities is that it will run up interest rates again and cut short whatever stimulus gen- eral business has been able to derive from easy money. It is generally deem- ed certain that the Federal Reserve system will now stop the process of cutting rediscount rates and will adhere to the 31 per cent level installed in the New York Reserve Bank last month until further notice. Gov. Young of the Reserve Board has expressed himself as feeling that the public temper this year is very different from last, and that if specu- lators find call money rates on margin loans advancing they will reduce bor- rowings, even though last year the mar- ket players paid little attention to the steadily advancing money rates. This is the conclusion most of the large bankers have transmitted to the board, and yet, in view of past performances, the board authorities are clearly rather anxious to see some degree of speculative quiet until the trend of lower interest rates on money has spread into all divisions of the money market. Particularly, it is hoped that nothing will interfere to prevent an increase of loanable funds for building construction and the en- ‘f‘m;(d‘ement of reasonable rates in this eld. Last night's Reserve Board account of stock market loans in New York showed 4 | the Wall Street borrowings of brokers and security dealers had increased $148,000,000 during the week. The total now lent through Reserve Bank mem- bers to exchange operators is, however, but $3,968,000,000, or about $1,600,000,- 000 less than it was a year ago. It is unlikely that any of the credit influ- ences set up by the renewal specula- tion will meet any repressive actions from Reserve quarters so long as the borrowings remain so far below last year's levels. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., April 4—Potatoes, white, 100 pounds, 2.25a2.75; sweet potatoes, barrel, 2.00a3.00; yams, barrel, 2.00a3.00; asparagus, dczen, 2.00a7.50; beets, crate, 2.50a3.00; beans, hamper, 3.25a6.00; cabbage, hamper, 2.25a3.25; carrots, bushel, 1.30a1.50; caulifiower, crate, 1.75a2.50; celery, crate, 2.50a3.75; eggplants, crate, :.50a4.00; lettuce, basket, 1.00a2.00; kale, bushel, 60a80; onions, 100 pounds, 2.00a2.50; peppers, crate, 1.50a4.50; parsnips, basket, 60a75; radishes, ket, 2.25a2.50; spinach, bushel, 50a90; squash, bushel, 4.00; tomatoes, crate, 1.50a3.50; turnips, hamper, 50a75; apples, bushel, 75a3.00; grapefruit, box, 2.75a4.75; oranges, box, 3.2585.50; strawberries, quart, 20a50. Dairy Market. Poulty, alive—Turkeys, pound, 35a 40; old toms, 25a30; chickens, young, 33a43; Leghorns, 23a38; old roosters, 17a20; capons, 35a40; ducks, 17a30: old hens, 29a30; Leghorns, 20a27; guinea fowls, each, 50!'15 plgeons pair, 30a25. Eggs—Receip! 3,802 cases; nearby firsts, 2514a2512; hennery white firsts, 26%,; duck_eggs, 38a40. Butter—Good to fancy creamery, pound, 36a391;; ladles, 3la: store packed, 18al19; rolls, 25a28; process, 3115833, Live Stock Market. Cattle—Receipts, 300 head; light sup- ply, market steady. Steers—Choice to prime, none; good to choice, 12.00a12.50; medium to good, 11.00a11.50; fair to medium, 10.00a 10.75; plain to fair, 9.00a9.75; common to plain, 8.00a8.75. Bulls—Choice to prime, none; good to choice, none; medium to good, 8.50a 9.00; fair to medium, 8.00a8.50; plain to ;fi. 7.50a8.00; common to plain, 7.00a Cows—Choice to prime, none; good to choice, none; medium to good, 7003 8.00; fair to medium, 6.00a7.00; to fair, 5.0086.00; common to p-m, 3.50a4.50. Helfers—Choice to prime, none; good to choice, 10.00a11.00; medium to good, 9.00a10.00; fair to medium, 8.00a9.00; plain to fair, 7.00a8.00; common to plain, 6.00a7.00; fresh cows and springers, 60.00a150.00. 104% 104% 104% 100 100 100 98% 98 YBlK 104% 104% 104% 100 100 100 90 90 95 66% 64 64 931 93 934 100% 100% 100% 95% 95% 95% 98% 98% 98% 98 98 98 . 937 93% 93% T4 Tdh 4% 861 B6W 864 82% H2% 82% 3 96 95% 96 113 118 113 112% 112% 112% 58 58 58 106% 106% 106% 9815 981 98% 95w 95% 95% 6 110% 110% 110% 111% 111% 1 32 82 81% 81% 81% 9% 9T 9% 9235 92% 92 991y 991 99% 106 106 106 8% 72% T3% 73 . 12% 2% 601 60% 601 9115 91 91 961, 961 96% 108% 103% 103% 871 86 86 96% 9614 96% 101% 101% 101% 99% 99% 99% 99% 99% 99% 987 98l 98% 100% 100% 100% 58 58% 58% 90% 90% 90% 98 97% 98 920 90 90 88 88 88 95% 95% 95% 102% 102% 102% 107% 107% 107% 80% 79% 80% 101% 101 101 100% 100 100% 99% 99% 99% 113% 112% 113% 99% 99% 99% 102 102 102 80% 80 80 91% 911 9% 99 929 29 99% 99% 99% 107 107% 106% 107 106% 106% 107% 107 107 85% 854 85% 86% E6% 85% 894 894 89U o 94% 94% 94% 91 901% 91 105% 105% 105% 113% 113 113% 100% 99% 100 99% 99% 99% 104 103% 103% 108 108 108 109% 109% 109% 9% 99% 99% 97% 97% 9T% 97% 9T 97% 108% 108 10 100% 100% 100% 105% 105% 105% 100% 100% 100% 100% 100% 100% 15 91% 91% 91% 00 93% 924 93 5 103% 103% 103% 1 100% 100% 100% 14 9T% 97% 2 59% B9% 22 574 14 76 16 68 o MO ORS ANESHm~D 9 2 1 74% 3% T4%| L Sheep and lambs—Receipts, 100 head; light supply, market steady; sheep, 2.00a 6.00; lambs, 6.50211.50. Hogs—Receipts, 1,000 head; fair supply, market steady; lights, 10.90a 11.15; heavies, 10.00a10.60: medium, 10.90a11.15; roughs, 7.50a98.25; light pigs, 10.00a10.40; pigs, 10.90a11.00. Cnlves—mcelpm 25 head; light sup- ply, market steady; calves, 7.00a14.00. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, export 1.11%; No. 2 red Wlnher. garlicky, spoty 1.13%;; April, 1.13%,; May, 1.15%: No. 3" garlicky, no quotations. Corn—No. 2 domestic yeuow. new, 96a97; cob corn, new, 4.85a4. Oats—No. 2 white, dumu'-!c spot, 5515a56; No. 3 white, domestic, spot, 54a55. Rye—Nearby, 80a85. Hay—Receipts, none; no change in market. Some little hay is arriving, but hardly enough upon which to estab- lish quotations by grades. Better grades of timothy and clover mixed are selling from 18.00 to 22.00 per ton, according to quantity and condition, receipts by truck supplying most requirements. Straw—Wheat, No, 1, per ton, 9.00a 10.00; oats, No. 1, per 'Am. 9.00210.00. SILVER QUOTATIONS. NEW YORK, April 4 (#).—Bar silver, o pril 4 (). ver, INVESTMENT TRUSTS NEW YORK, April 4 (#).—Qver the counter market: Bld All’(ed neor?l.le! Corp Sou Pac elt Sou Pac ref Sou Pao ¢% SoPac4%s Union Pae ¢%s. Virginia Ry 1st Wlll llll'!hnd ] Mas Womt Pacine WisCent gp 48