Evening Star Newspaper, April 5, 1930, Page 15

FINANCIAL. CURB SHARES SAG IN ACTIVE MARKET FINANCIAL. * TRANSACTIONS ON THE NEW YORK CURB MARKET Notlce—All siocks are sold in one hundred-share lots | —Prev 1930.— Stock and ~Prev 1930.~ excepting those designated by the letter s (65s) (285s), ll;).:. u;'w. ~ Dividend Rate. . mmm la7vv‘ clou n:;n‘ ’f"% !2':?.’ .25’;‘.'1"3'“"&.;‘."::: - T .y 164 9% Itallan Superpow A.. 100 1% 108 14'% 65 High. Low. Dividend Rate. _ add 00. Open. High. Low. Close. | 51% 414 Jefferson E (13%)., 0% 28% 523 421 Aeme W Co vie (12). 49 50% 49 50 2% 1% Jonas & Naumburg.. 24 20% A—I5 MARYLAND FERRY HEARING MONDAY Stock and Bales— Dividsia Bale, 84408 Quen Biat, Tow, O Utility Pw & Lt PLALY GHipaL B eifs (a1 Utility & Ind. ... qo. UU1 & Ind pf (1%).. Stock and Bales— Dividend Rate. Add 00. Open. High. Low. Close. % Wenden Coppe! R e R 125 90 Western Md pf (1).. 108 1zo flo 120 120 13% 64 Wil-Low Cafeteria.. b5 11% 12% 11% 124 6% 3% Winter (Benj) . % 4% S 4% ~Prey 1930.~ High. Low. Utilities Encounter Waves of Selling, but List Resists Pressure. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, April 5—The curb market, after opening lower ioday, in- creased its pace and continued that trend in a large part of the lst. The market as a whole, however, was not weak despite larger offerings. Electric Bond & Share opened n- changed at 111%, but gave way about & point as it ran into a series of suc- cessive selling waves, American Super- power and American & Foreign Power and, to a lesser degree, Niagara Hudson Power, also were compelled to absorb profit-taking. Commonwealth & Southern warrants were very active in the lower-priced utilities, After two blocks, one of 8,500 and another of 4,000 shares, showed little price change, a string of sales came out from 6's to 5 Lone Star Gas led the natural gas group as it advanced nearly 2 points to @& record high price. Arkansas Natural Gas A and Memphis natural gas at- tained new peak quotations, while other issues in the division pointed higher. Missouri-Kansas Pipe Line, which also 1s in the natural gas business, by a small fractional gain reached & new maximum level. Pacific Western Oil was one of the ' first miscellaneous petroleum issues to better its previous record high price Petroleum Corporation came Wwithin a slight fraction of its best price. Stand- ard Oil of Indiana opened slightly lower following the announcement of an offer of stock to employes at nearly 5 points below present levels. Fox Theaters A and Columbia Pic- tures, the latter reaching a new high, advanced in early trading, while Na- tional Screen Service and other amuse- ment shares were slipping in sympathy with the heaviness displayed by that group on the big board. Aluminum Co. of America opened up 3 points following publication of earn- ings, which showed a gain in net in- come of $4,645,750, North American_Aviation, which has applied for Stock Exchange listing. fea- tured the air shares at the opening by coming out with a block of 6.000 shares at 12, a new altitude for the year. BONDS ON THE CURB MARKET. Bales in thousands 3 Alabama Pow 5s '3 10 Alabama Pw 4'.s '6 13 Aluminum Co 55 2 Aluminum Ltd 5 DOMESTIC Lm\ Close. 103 18 Amer For Pow 7Amer G & E 30 Amer B & 1 68 2010 108 3 Amer, Roll Mill's 4 10 Cig"btr_Re 12 fties Service 85 3 Det Int Brdg 6';s 1Det Tnter Brde & 33 Dix GG 6'25 A 38 Bene Sl Ty s R Bene 5El Paso NLG 8lus, 38 110 33 0 3 Gen Wat WE e B "3 9 Georeia Pover, 55 ‘81 100 Grand ‘rrunk 6105 36 107, 7 Hood Rubber 7 41 Hous GG 6'zs 43 % 98 73 Houst Gulf G 65 A 43 97 de Fd_6s & 140 63 P 725 B '54 100 13 Ingependt il &5 39.. 109 38 Inland_Util 65 ;10 80 Insull_Uulities. m 6 Inter Pw Sec 75, S Intern Bec Am’ss 3 InterstaPower, 35 12 Knnnrné‘. &0 2555 00ns! 3525338833 ¥ ing an Pou u< %3 108 66 10114 Omu T 5% B k.o, 102 G & E 4133 E 51 105 "48 ww 85 W O 6 3 1Penn Doc & W 6s 5 Penn O Ed 5128 B '59 1004 Q Ed 6 30 xw 1041s FOREIGN BONDS. 17 Baden Con Mn 1s 51 3 Buen Al Broy s 152 ! Prussian 8las o de Jan 6'4s 8 s ctf N 4 Santa Fe Arg 15 '45.. 19 Sydney - 90 W ) d 56. . 3% ‘i :lg"t"xp :é«:’é‘n 56 xw w: 7 1 0 it Indyst B0 WU N S S S pe PR ‘The Canadian National Raflways will spend $25,000,000 on new construction, maintenance and general betterment work in Western c-nndl this year, ac- cording to A. E. Warren, vice president ©f the system's western region. 3y 1214 23% 61y 1% 8 13% By 1% 4 Aeronautic Ind war. Aero Supply Mfg B), Aero Underwrite; Alr Investors vio, Alr Inv Inc ev pr. Allegheny Gas Corp.. Allted Aviatio Allled Mills (80¢). Allled Mot Ind(1)... Allison Drug St B... Aluminum Co of Am Alumin Goods (1.20). Am Brit & Cont..... Am Br B El fd shs, Am Capital (B). Am Chain (3). Am Colortype (3. 40). Am Cit PEL A (a3). AmC P&L B (b10%) AmCwith PAb10%. Am Cwith PBb10%. Am Control O1l Fids. Am Cyanam B (1. (D) Am Equitte Am Superpower (1). Am Superpow pf (6) = - e Y3 3PP - PR ST ~ ST DR TUE WP ST TPy Am Transfor (1.40).1008 Am U&Gen B vte 40¢ Am Yvelte (new) wi Amrad Corporation. Anctior Post Fb10% Anglo Chil Nitra: Arcturus Rad Tub Ariz Globe Copper. Arkansas Nat Gas. .. Arkansas Nat Gas A. Ark Po & Lt pt (7)., 5. A (12.40) ., Asso Gas & Elec, n. . Asso Laund (3Zve)., Asso Rayon pf (6)., Atiant Fruit & Sug, Atlas Plywood (2) Auto Muslc (A) (1 Aviation Corp of Am Aviation Securite Bahta Corp..... Bellanca Aireraft. .. Bliss Co (£ W) «1).. Blue Ridge Corp. ... Blue Ridge cv pf Bow Blltmore 1st pf. Brazil Tr & Lt (2) Bridgept Mach (25¢) Buft, N&BP pf(1.60) Burco, Inc. . Burma Corp (t31e).. Butler Bros (30g) Bwana M Kubwa Cable Radio T vic. .. Canada Gypsum 1 e Can Marcom Carnation Co 114, Castle (A M) (t4). Celanese u..’(v?%) Cent Atlantic States. Cen H GRE ctfs n(2) Cent P Sv A (81.76). Cen States El (140¢) Cent Sta EI pf(6)xw. Cen States El war. . . Centrifug Pipe (60¢) Chain Stores Dev. .. Chatham Phoe Al n-v Chem Natl Asso n-v. Ches & Uhio (new).. Citles Service (330¢) Citles Serv pf (6)... Clev Tractor (1.60). Colon OlI. .. . Columbla Plotures. . Columbia Syndicate. Com'with Edison (8) Comwlith & Sou war. Com Wat Ser (b6% ) Consol Auto Merch.. Consolidated Copper Cous Dairy Prod (2), Con Gas. Baito(3 60) * Con Gas ULILB v.t.c.. Cons Instrument Cons Laundries Con Nevada-Utah. Con Retall Strs (1).. Continenta) O1l. Cord Corp.. Corroon & Reynolds. Cor & Rey pf A (6).. Cosden Oll..... Coty Soc Anon ret Creole Petroleum. Cresson Cons (3¢) Crocker Wheeler . Cross & Black (334) . Crowley Milner (2), Crown C&S pf 2.70) Curtiss Wright w: Cusi Mex Mining Dayton Alr & Eng... Deere & Co new w.1... De Forest Radio Derby Oil & Refin. Detroit Atrcraft Co Douglas Air (76c). .o Dres(SRIMIg A 3%, Driver Harris(new). Dubiller Cond&Rad. Durant Motors. . Fa East Sts 'ow B (1) Eastern Util Assocv % Eastern Uul Inv A.. Eisler Electrie (1%) El Bond & Sh (b6 El Bond & Sh ot Elec HouseUtil (2).+ Elec Pow A8S0 (1). . Elec Pw Asso A (1).. 4 EI P& L opt war.... Elec Sharehldg (21). £1 Sharehold pf (6).. Emp G F cum pf (7). Empire Pwr Corp(3) Emp Pub Sv A(1.80) Europan Eiec (The). Fanrics Finishing . Federat Metals 11% . Flat Stk deb rts. Flat recelpts (1.26).. Fischman Sons A. Fokker Atrcraft. Foltis Fischer Co Ford Motor Can A Ford Mot of Franc Ford Mot. Ltd 37%e. Fox Theat Cl A . Franklin Mfg (2).... Garlock Pkg (1.30).. General Baking Gen Raking pf (3)... Gen El Ger rcts 1.92, Gen E Ltd rcts (60¢) Gen Gas&El cv pf16) Gen G&E cv pt B (6) Gen [ndus Alcohol Gen Laundry Mach.. Gen Rity & Utilities. Gen R & Utll pf (6).. Gen W W&E A (2).. Gleaner Com Har(3) Glen Alden Coal (8). Globe Underwrit Gold Coin Golden Center. Goldman Sachs Gold Seal E) . Gorham [ne pf (3).. Gram’ph'ne rcts 2.91 GrAa&PTnvb). Guardn Fire Assn(2) Guardian Invest.... Gulf Ofl of Pa (1%). Happiness Candy. ... Hel ubensfein. . e Food Prod Imp ON Can (80c) . Imp Tob GB&1(1.25) Ind Terr Illu Oil (A) Ind Terr Illu Ofl (B) Intercoutinent Pet n Int] Holdg&lInv 10c. Interni Petrol n (1) foternatl Uz B.. [nternat! Ut ('ll‘l. lnl. te Equities. . nterest Eq ov pf (3) lrvln Alr Ch (1.60). s 4205 o a5 ® R GO e AL ©% BN s Bt 2% 289% 2 6 16% i T 154 1224 29% 354 3, 1% 5 7 150% o e o e o S S A 0 03 B 0 I3 02 D IO 10 e 1D e I I I O RO 32 N MY ST 1 e H - - seaBown mBEERra Ben 20 00 8 001 O Bl T 8 184 e "m 2314 i 242 uR1g 5 163% 315 Pratt&Lambert (16) 4 Prince& Whitely nf3. & Pyrene Mfg (80e).. 5!!5 Universal Ins (3%). Lakey Foundry... Lane Bryant, lm:lll. Lefcourt Real pf (3) Lehigh Col'thv(nl Libby McNell & L... Liberty Dairy Prod.. Lion Ofl Refin (2) l..oflu Inc deb rt - » BRman® RN =N S O a Loutstana Lan & Ex. Magdalena Syndicat. Mfgs Fin Co v.te..... a Cons Mg (3) Marine M1d Cp 1. In) ° RN R ER R AT Be RN A S AR ARN AN OGRS AR DD M'Ih Min Ine (1.20) Mexico Ohio Of! Mid Wst Util (b8%). Mid West Ut B war. Mid Royalty cv pf 2. Miller & Sons (2)... Mo Kan P L (b10%). Moh H P 1st pf (7) Montecatini deb rt. Mountain & Gulf 8¢) Mount Prod (1.60).. Nachman Spring (2). Nat Amer Co.... Nat Aviation Natl Fam Strs (1.60) Nat Investors (new) t Pow & Lt pf (7). t Pub Sv A (1.60). Nat Rub Mach (2) Nat Screen Serv (2). Natl Transit (1) t Union Radio. Nebel (Oscar) (l“)- Neet Inccv A (1.60). hi Corpn (1.30) Nevada Cal Elec. New Eng Pow pt (§) 10s New Eng PS pr..(7) 25s New Eng T& T (8). 4508 New Jer Zino (14 Newmont Min (3 New Quiney M (10¢) N Y Hamburg (2%) . N ¥ Invest (120)... N Y Pet Royalty (1) N Y Telpf (6%)... Niagara Hud P(40¢) Niag Hud Pw A war. Niag Hud Pw B war. Niag Shares Md (40c) Niles-Bement-P 23 Noma EI Cor (1.60). Noranda Mines (3).. North Am Aviation. No Am Aviat A war. North Ind P S pf (6) 2 North St Pwr pf (6). Novadel Agene (2).. Ohlo Copper....ees Ohlo Ol (125... Otlstocks.Ltd A 1500 Oilstcks Ltd B (t50¢ Orange Crush (150) Outbg Mot A (1.80).. Outbcard Motor (B). Pac Coast Bis pf 3.50 Pac G&EI 1 f1%. Pac Pub Serv (1.30). Pac Western Ofl Pandem Oil... Param’t Cab (b8%). Pennroad Corp. . PennGas&EA (1% Penn Mex Fuel (2).. Penna Wa & Pwr (3) Peop LEP A(A2.40).. Petrol Corp (1%)... Philip Morris Inc. Plerce Governr(1%) Pllot Rad T A (1.20). Pitney B P n (20c) Pitts Plate Glass (2) Plymouth O1l (2) Polymet Mfg (31)... Powdrell&Alex 13%. Power Securities. .. " sS4 e = o e B e P S = =Py Prince & Whitely. .. Public Util Hold w w Pub Ut Hold Cp war, QRS DeVry Quincy Mining Ry & Ut Inv (A)... RainbowLumProd B Rel'nce Managemnt.. Reliable Strs (b5%). Repetti Candy. Republic Steel n w Rep Steel cum pf (6) Reynolds Broa Ine. Richman Bros (3) Rike Kumbler (2.20) Roan Antelope Min.. Rochester Cent Pow. Rocklans Lt&P(92¢) Root Ref cv pr pf 1.8 Ross Stores. Ino. .. Royal Tynawrlfl%) St Anthony Gola RN e oD Salt Creek Prod (2). Schift (The) Co (2).. Schulte Un be-$1 St. Scovill Mg (4). Seaboard Utilities, Seg Lock & H (50¢).. Selberling Rubber. .. Selected Iindustries Sentry Safety Cont.. Shattuck Den Min... Shenandoah Corp. .. Shenan Corp pf(ad). So Plpe Line (12). S W Gas Lul Spanish & Gen Reg. . Stand Cap & Seal (n) Standard Motors. Stand Oil, Ind (2% 3o Stand Oll. Ky (1. Starrett Corp. Starrett Corp pf (3).. Stein Cosmetics Ine. Strauss Roth Stromberg Carl (1%) Stutz Motor Car. Sunray O1) (40c). Superheater (13% Swift Intern'1(2%).. Syrac Wash M B (1). Taggart Corp (1).... Tampa Klectric 132) ‘Technicolor. Ine Teck Hughes 160c).. Thermotd Co (3). ... Thermotd eum pf(7) Tish Realty & Con. . o ‘Transamer (31.60).. 7'ran Con Air Tran.. Tr-Luzx DL PS8 (A). Tri-Continental Cor. “Tri-Cont Corp war ‘Tri-Cont Corp pf(6). Tri Utilities (11.20), Tri Utilities pf (3).. Uugerleider ¥ Corp. . Union Amer Invi Union Tobacco e wrelefrm anaraliBu~Blvann monanmnanneSRanrunie » United Elec Ser. Utd Founders:b! United Gas pf (7)... Utd Lt & Pwr A (1), Ut Lt & Pwr of (6). Unit My Ld.. United t Shar. . U S Dairy B. . U 8 Elec Pwr ww U S Finishing (12).. US Foll B (1). U 8 Gypsum (1.60).. US&Int Se 3d pd 3% . US Linesof (1)..... U S & Overseas war. U S Shares Fin Unit Verde Ext (4).. = s 3 16 1% 7 3214 35% 48% 3% 25 29 45% 11% 46 20% Utility Rquities..... 96% Vacuum Ofl (14%).. 14% Van Camp P pf(1%). 9% Vick Financlal Corp. 61 Walgreen Ce 1% Walker (H) (1) €5% Warren Bros... 6 14% K= D Smaa® S Wayne Pump. . 1% % “¥Y" Ol 21% 1% Zonite Prod (1. RIGHTS & Ga 3 MM 0). . 5 20% 20% Expire. 1 % Asso Tell Util...Apr1s 2 % 1% 1% Ludlum St 1% 7% Rossia ann o ae:‘g rates in dollars based on la end _tPartly extra. In cash or stock. b PAvAbe1n $i6ck. d Pavable in preferred stock. % 1 1% 1% 6 1% 1% aquarterly ..May 19 Ins .Apr 29 or semi- 1Plus extra in stock. a Payable “BLUE CHIP” MARKET SEEN FOR THIS YEAR ‘That the stock market for the re- mainder of 1930 will be a “blue chip” market was predicted by Victor Kafka of Throckmorton & Co., members of the New York Stock Exchange, in an ad- dress to investment bankers at the Mer- chants’ Club, Baltimore. “New elements of selectivity have come into the market,” said Mr. Kafka. “Stocks formerly were regarded as mov- ing up or down more or less simultane- ously and later they were regarded as moving in groups, so that the oils, rails or utilities fluctuated together, much s has been the case in England. Today the blue chips or investment stocks move as a separate group from the mar- ket as a whole. “The buying power of investment trusts and individual investors is be- coming concentrated on these blue chip stocks, representing a cross section of the various groups which formerly moved independently. I estimate that 80 per cent of the portfolios of leading | American investment trusts represents duplication among such issues. The in- vestment trusts, by focusing public at- tention on the better grade of stocks, have done much to bring about this new form of selectivity in the stock market. “That this tendency has already be- come well established is indicated by the character of odd-lot buying which is taking place and which is concen- trated largely on the high-grade issues. Stock price averages are no longer in- dicative of the action of the market as a whole, but are mainly indicative of the blue chip stocks from which those averages are made up. CHICAGO STOCK MARKET. By the Associated Press. CHICAGO, April 5.—Following is the complete official list of transactions in stocks on tha Chicago Stock Exchange STOCKS. Hizh ab .....ceo 4D% 30%n From Yesterda: Today ... Year ago. Two years ago. Three years ago, weekly High (1930) Low (1930). *New highs. Year ago. Two years ag Three years ag High (1930) Low (1930) . By the Associated Press, LEXINGTON, Nebr, April 5.—There are many millions of acres of hay in the world, but M. V. Gillette grows the finest. It is produced on a 40-acre field where buffalo used to roam. Gillette won the world'’s champion- ship at the International Live Stock Ex- | position in Chicago. ‘The champion 1% a “dry-land” farm- | er living near Lexington. He says the bale of alfalfa which won the honors for him is little different from thou- sands ot other bales produced on his | farm. | “I have always been very careful about the selection of my hay” he ays. “I don't produce much—150 tons a year at the most. But I insist that any discclored or moldy hay be ex- cluded, and so my hay brings above | the average price " Gillette cuts about 40 acres of hay each year. It nets a profit of about $35 an acre. He alternates alfalfa and corn, growing the alfalfa chiefly to re- store fertility to his corn land. It 1s grown entirely on “dry” or non-irri- gated ]and 10 lndu!lrl;l.l. STOCK AND BOND AVERAGES By the Assocl STOCKS. Industrials. 199.6% BONDS. 10 Utilities, 99.0 99.1 99.5 9.5 (Copyright. 1830, Frandard Statistics Co.) WORLD'S BEST HAY IS GROWN ON DRY FARM IN NEBRASKA V. GILLETTE. HEAVY CONSTRUCTION CONTRACTS ON INCREASE By the Assoclated Press. NEW YORK, April 5.—Heavy con- struction and engineering building oper- |ations in the United States face a period of undiminished activity, to judge from the large volume of projects that reached the proposed stage during the past week, the Construction Daily reports. Educational and unclassified work accounted for 66 per cent of the value of all jobs, which totaled $136.- | 448,000, comparing with $73,823.000 in | lsythe previous week and $132,500,000 in 100 Conatroc Ma 900 Construc Mater| 50 Consumers C ord C 6300 Corp Sec Cor com. 1600 Corp Securii’s . Co 3 5630 Generad Twa er m 50 Gleaner 50 Godchany 8200 Grent, Lakes Miicrait 18200 Grizsby-Grun nlan I 3500 Thoult Ui Tny 130 Inswil Ut 1n n( 2nd’s 400 Mid West vtit B 800 Midland Unite 2 ,10 Midiana Uhii is A 'BE 102 1300 Muskexon: Motor § 200 Nachman springfill .. 100 National Battery ... 300 Nav Secur Invest .... 4850 Nat Standyrd 50 National {fion mmo 250 NoblitL-Sparks . 50 North Am Car . 1000 Nortn am Gas & Ei. 150 Nor Amer Lt & Pow. 150 No & So Amer Corp.. 350 Northwest, Bancorn .. 0a 130 Sreveeta e 6312 1050 West & G & m bfd 350 Standard Dre 7 500 Standard nmmm ot 2750 Steinite Radio 50 Stone (H 0) & 200 Swift & Co. 400 Swift Intl 100 Time-O-Sta 1600 Twin S nited Amer’ Stock sales, 230.0 Bond cales. $185.000. " PARIS nounsfi PRICES. PARIS, April 5 (#).—Prices were firm | 4| on the Bourse today. Three per cent rentes, 89 francs 60 centimes. Five per cent loan, 102 francs 40 centimes. Exchange on London, 124 francs 28!5 centimes, - The dollar Wwas quoted at 35 francs 5434 centimes. "Gaechoslovakia plans an extensive highway construction program to give work to its idle. the similar week last year. Aggregating $466.045.000, heavy construction projects throughout the country during exceeded in value, both January and February, and revealed a steady rate of high activity in public work and in- dustrial structures. proposed announced STEEL INGOT OUTPUT. | By the Assoctated Press, Steel ingot output of the country last week, as estimated by the Census Bu- reau, showed a slight gain over the rate disclosed by recent previous weekly re- Figures which follow give utlized for the week and comparable periods: Week ended March 29, 76 per cent: | preceding week, 73 per cent; same week last year, 96 per cent. March | DIVIDENDS DECLARED NEW YORK, April 5 (#).— Pav- Hidrs. ot Company. DL G62ic M X Hollvuned Bap. Box 25 ] Lehigh Port. Gem...02)2c Q@ Lincoln_ Fire Ins.....80c Q Lot Aneeles Tnv. Oceanic _ Oil Roliine Hos. Miils of Bm M 90c Q | Warchel Corp. . DL, 62'2c Q Initial. | col. Ind. Fin. Corp. Omitted. Em. Stl. Corp.. pf. $1.78 Q 2Q Due Apr. Thermath Corp., pi Due Mar. ‘The Main Bus Terminal Corporation has been formed in Philadelphia to ac- quire a group of properties in the heart jof the city. The group included the “’md<nr Hotel and the Heed Office | Building. An intercity bus terminal is to be established on the property. Consult Us Regarding Your Maturi ng Mortgage. LONG-TERM REAL ESTATE LOANS WE MAKE' FIRST MORTGAGES ON Homes, Apartments and Business Properties in the District of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, IN 1321 Connecticut Avenue Decatur 3600 Mortgage Loan Correspondent New York Life Insurance Company PI'R'S'T Ve.Stl'fl prime Over a Third hope t of a Century tects Without a Loss National 2100 THERE INFALLIBLE AND Two rare virtues in investment, but actualities in our 62% FIRST MORTGAGES When you are seeking an in- tain tangible value which pro- have the ideal. Our 6%% First Mortgages may be purchased in amounts from $250 up. B. F. SAUL CO. S IS NO SUBSTITUTE FOR SAFETY MORTGAGES INFLEXIBLE ent with income as the consideration you cannot o find a better return than Couple with that cer- the principal—and you 925 15th St. NW. 8| C. C. Will Consider Pro- posed Boat Line to Cambridge. Washington business will profit con- siderably, in the opinion of Eastern Shore busmm men, if the proposed ferry be- tween Chesapeake Beach, Md., and Cambridge, Md., s*mnsored by the’ Ches- apeake Beach Rall way Co., is given per- mission to operate, Hearings ‘will begin Monday before the Interstate Commerce Commission on the company’s application to estab- lish such a service. The distance across the bay between these points is about 16 miles, and mileage to Eastern Shore points from this city would be cut from 24 to 36 miles, with corresponding sav- 1 ing in time. The Del-Mar-Va Eastern Shore As- sociation, composed of business men of the entire scction east of Chesapeake Bay. has expressed the view that the value of a service which would shorten the distance to Washington would be inestimable. The Cambridge Daily Ban- ner of Cambridge, Md., is particularly interested in making traffic improve- ments between the Eastern Shore and Washington, on the ground that Wash- ington attracts many tourists, many of whom drive into surrounding territory, {and that these visitors would be at- | tracted to the Eastern Shore if it were more accessible. By establishing a sec- ond ferry line across the bay, it is suggested that an attractive circle tour would be opened to motorists, who could go one way via Claiborne-Annapolis and the other way via Chesapeake Beach and Cambridge. The mayor of Cambridge, Earle W. Orem, has expressed the view that the new ferry would serve to bring many Eastern Shore products into Washing- ton. In_ general, interest along the Eastern Shore in making Washington more accessible is very keen, and it seems probable that considerable trade would be brought to this city if the new ferry went into operation. BANK CLEARINGS NEW YORK, April 5 (Special).— New York bank clearings, today. $1,30 000,000; a year ago, $1,566.000,000. New York bank balances, today, $154,- 000,000; a vear ago. $174,000.000. New York Federal Reserv balances, today, $153,000,00t ago, $142,000,000, credit a year ‘The Graybar Electric Co. has received orders for radio transmitter units from the police departments of Detroit, Min- neapolis and Louisville. The transmit- ters are for short-wave operation Iablnhed 1899 MONEY "f0"LOAN At 6% Interes! BeroRe FACRG YOUR FIRST AND = iy Comult WELCH "Realtor Money to Loan Secured by first de Prevailing inte: Joseph I Wgfler e Real Estate Loans Made Linkins Co. trust on re: First Mortgage Loans | Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Wm. Gordon Buchanan of Councilor & Buchanan Certified Public Accountants Tower Buildin, National MMMH 6213 (Telephone Directory Omission) EASTERN UTILITY INVESTING CORP. Class A Common Stock Selling on New York Curb at less than seven times 1929 earnings—$2.2 cial analysis on request. Inquiries invited. Price at market net. — Recommended. Courtiand Nixon. 1318 K St. National 1926, & . e Flrst Mortgage Loans In Arlington County and Alexandria, Virginia _ Commonwealth Investment Co., Inc. 808 15th St. N.W. Phe Natlona) 2623 Morigage Loan Correspondent for The Prudential Insurance Co. of America ENTERPRISE SERIAL BUILDING ASSOCIATION Tth St. & La. Ave. N.W. 64th Issue of Stock Now Open for Subscription Money loaned to members on easy monthly payments James F. Shea James E. Connelly President Secretary Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes Bearing 61,9, Interest In Denominations 5250190, 3000 And" 51.000.00 consutt WELCH Reattor Loan Specialist N it 11din 6% Money for Refinancing or Construction of Dwellings Prompt Answers BOLEHELPS 1417 K St. N.W. Nat. 9300