Evening Star Newspaper, April 7, 1930, Page 14

‘A—14 NEW COPPER POOL MAY BE ORGANIZED Former Action to Dispose of Surplus Stocks Is Recalled in Street. BY JOHN F. SINCLAIR. Special Dispatch to The Stai NEW YORK, April 7.—Is a new pool being formed by the leading copper producers for the purpose of disposing of the large quantity of the metal they now have on hand? If so, it will be no new departure. After the war the Copper Evport Association .was .organ- ized for the same purpose. Bonds were floated and retired from time to time as the copper .was. sold Later, the present Copper Exporters, Inc., was organized, although its pur- pose was simply to aid in the stabili- zation of prices, and so far it has been successful. F. H. Brownlee, president. of the Cop- per Institute, had nothing to say about the pool when asked for his opinion, but Mr. Brownlee is celebrated for not talking about his plans until they are completed. The total amount of “blistered and refined copper” on hand in North and South America at the end of February was 497,912 tons. The surplus stock of refined copper—that which is mar- keted—was 233,123 tons at the same time, while the March figures, avail- able’ next week, will probably show 250,000 tons. Increased business activity, however, should help reduce the amount of cop- per held by the ~~ducers materially in the next few moi. ... “I never saw a more marvelous dem- onstration of artistic skill —almost miracle and completed in there hours,” said Prince Matchabelli as we stood before the bust of the prince, sculptured by Maj. Georges Scapani, the blind member of the French Chamber of Deputies. Blinded, like so many of his coun- trymen in the war, and unequipped for anything to which he might turn to make a living, Maj. Georges Scapani has become one of the world's great men. In 1915 the major was shunted home from the front. He studied law, grad- uated with high honors and practiced, meanwhile organizing the Legion of the Blind, made up of 2,500 sightless vet- erans. All of his money earned at law has been used in helping others. A new talent, that of sculpturing, which was unknown to him two yeais ago, has been discovered. He can fecl a man's head and mold that likeness in clay wiihout the use of tools. An inspiring story of indomitable courage and genius! It won't be long now before your favorite canned fruit will be served frozen hard right at your table. The frozen-pack method of canning and preserving strawberries, raspber- ries, loganberries and other fruits in small containers for domestic use offers considerable promise, says H. C. Diehl of the United States Department of Agriculture, commenting on frozen- experiments in the Pacific Northwest. Mr. Diehl doesn’t assure the public of any immediate prospects, but experi- ments are rapidly being made to hurry this new industry into a working pos- sibility. “I know of no business in which the future looks brighter,” said Watler P. Chrysler to this writer, when discuss- ing some of the possibilities of these new {reezing processes in connection with perishables and other foods. Cuba has at last decided that king cane has had its day. Ever since the war, when Cubans turned every avail- able acre of their soil to the growing of the sweet product, sugar has been a source of dissatisfaction. It made considerable money for some and made paupers of others. And now with world overproduction, sugar has been completely relegated to the back- ground. Added difficulties are being encountered with new tariff possibili- ties now under consideration by the United States Congress. Cuba has, therefore, come to the con- clusion that a one-product nation, en- tirely depending upon a single market, is a very precarious position for any country. The sugar producers there, like the cotton growers in the South and the wheat farmers in the Middle West, are turning to a diversification of crops as essential to the welfare of the island. Internal industrial develop- ment is also necessary. Both are go- ing on in Cuba. (Copyright, 1930, bz the North American Neusnwer Alliance.) COMMERCIAL CREDIT CO. EXPANDS OPERATIONS Special Dispatch to The Star. BALTIMORE, Md, April 7.—An agreement has been consummated whereby control of Credit Alliance Cor- poration passes to Commercial Credit Co. through an exchange of 80 per cent of the common stock of Credit Al- liance Corporation for common stock of Commercial Credit Co., according to an announcement made today by A. E. Duncan, chairman of the board of Commercial Credit Co., Baltimore, and Clarence Y. Palitz, president, Credit Alliance Corporation, New York. ‘The agreement provides that within a reasonable time the same offer of ex- change, details of which are now being { formulated, will be extended to the re- maining stockholders of common and class “A” stock of Credit Alliance Cor- poration for common stock of Com- mercial Credit Co. The Credit Alliance Corporation is the largest company of its kind special- izing in financing the sale upon install- ment payment of time and labor saving and income producing machiunery, etc., used for industrial purposes. Crop Reports Prepared. EAST LANSING, Mich., April 7 (#).— ‘Outlook reports on Michigan crops have been prepared by the agricultural di- vision of Michigan State College for the first time in its history. Twenty- four commodities are treated in the Teports. By the Associated Press. NEW YORK, April 7.—The average price of crude petroleum in 10 pro- ducing fields last week was unchanged from the prevlous week at $1.489 a barrel. according to the Oil, Paint and Drug Reporter. The average for the corresponding period last year was $1.683 a barrel. ‘The American Zinc Institute reports that stocks of slab zinc on hand March 31 amounted to 94,033 tons, an in- crease of 3,330 tons during the month. All first-quarter production records of the Frigidaire Corporation, subsidiary of General Motors, were broken in the quarter just ended, according to E. G. Biechler, president and general man- ager. More men are being employed thin ever before at this time of year, he added. Joseph O'Shaughnessy, who has been assistant to L. D. Tompkins, vice presi- dent of the United States Rubber Co.. has_ been appointed general manager of the company's tire department, with headquarters at Detroit. Irving D. Fish, who has been a second vice president ot the Guaranty Trust Co., in charge of the Chicago office, has been appointed a vice president and g:nks‘x:rud to the main office in New orl FINANCIAL. THE EVE NING STAR, NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. (Continued hom Page 13.) ~Prev. 1930.— Stock and Dividend Rate. ndm High. Low, Lima Locomotivy Link Belt (2.60)..... Liquid Carbonie (4). Loew’s, Inc (3). % Loew's, Ino pf (6%4). Loew'spfzw (6%). LouG&EIA (1%). Ludlum Steel (2). McAndrews&F ¢! 4 McCall Corp (23%) McGraw-Hill (2). Meclintyre Pore M(1), McKeespt T P(14%) McKesson & Rob (2) Mack Trucks (6).... Macy (RH) & Co(n2) Magma Copper (5).. Manati Sugar pt. . Man Elea Supply.... Man Elev mod (d5).. Man Shirt (2)....... Maracaibo Oil Exp Marlin-Rock (14%) Marmon Motor (3).. Martin-Parry. .. Mathieson ALkl (2)’ Maytag Co (12)... Maytag Co pf (8). Melville Shoe (2). Mengel Company ¢ Metro Gold pf (1. 19) Mexican Seaboard. .. Mtami Copper (4). Michigan Steel (234). Mid-Cont Pet (2).... Middle States Oil et. Midland Steel (3).... Miller Rubber. . Minn Hon Reg(13%) 4 Minn Moline Pwr. Minn & St Louis Mo Kan & Texa Missour} Pacific. Missouri Pac pf ¢ Mohawk C Mills (3). Monsanto Ch (1% ). Montgomry Wrd (3). Moon Motors. . Morrell & Co (4.40).. Mother Lode (40¢).. Motor Meter G & E. Motor Producis (2). Motor Wheel (3) Mullins Mfg. . MurrayCor (b2 % atk. Myer(FE)& Bro (2), 4 Nash Motors (6) Nat Acme 2 e * [ P - S IO S oY 9 Nat Dalry (32).. Natl Dept Stores(2).. Natl Dept St 1st (7). Nat Distillers (2).... Natl Pwr & Lt (1) Natl Radiator. Nat Tea Co (2) Neisner Bros (1. Nevada Copper (3).. Newton Steel (3). N ¥ Central (8). N T Dock......c. N Y & Harlem (5)... NY NH & Hart (6) NYNH&Hoof (1), N Y Ont & West. N Y Ratlways pf. N ¥ Steam pf (6). Norfolk Southern Norfolk&Westn(10), North Am(b10%stk) North Am pf (3).... No Ger Lloyd (3.43). North Pacet (5). Norwalk Tire & Rb. . Ofl Well Supply..... Oliver Farm Equ! Olivr Fr Eq pf A(6 Olivr Fr Eq cv pt(3) Omuibus Corp...... Oppenheimer Col (5) Otis Elevator n(2%) Otls Stee] (2% )..... Pacific Coast 2d pf.. Pacitic Gas & £ (2).. Pacific Lighting (3). Pacific Oll stubs Pacific Tel & T (1) Packard Motor (1) Pan-Am Petroleu; 2 Pan-Am Pete B. Panhandle P& R.... Paramount-F-L (4). Park & Tilford (33). b Par Pathe Exchang: Pathe Exchange A Patino Mines (3.89), Peerless Motor Car.. Penick & Ford (1)... Penney (J 8) (3).... » Penn Dixie Ceme! Pennsylvania RR{ % Phelps Dodge (3). Phila & Read C& 1. Phillips-Jones (3) Phillp Morris (1). Phillips Petrm (n2). Phoenix Hoslery Plerce-Arrow pf ®" Plerce Oil. Pierce Oil f.. Pilerce Petroleum.... Plllsbury Flour (2). Pirelli of Italy(3.14). Pittsbgh Screw 1.40 Pittston Company P Rican Am To (A P Rican Am To (B).. 0 Prairie Pipe L (16).. Pressed Steel Car. Pressed Stl C pf (7).. Proc & Gamble (3).. Prod & Refiner: Public Serv, NJ 3. ¢ Pub Sve NJ pf (6 Pub Sve E&G pf( Puliman Corp (4) 1 (1%). Pure O1l pf (8 Purity Bakeries (4). Radlo Corp. Radio pt B (5). 55 Radlo-Kelth-Orph A. 540 Rand Mines (3.04)... 10s M.ul » RN R I ST I 1 5 OIS B3 e O bt Real Stlk 15) R (R) & C Rem Rand (1.60) Reo Motor Car (.80). Repub Ir & Steel (4). Rep Ir&Sti ctfs (4).. Reynolds Spring.... Reynolds Tob B (3). Rhine W El P (2.16). Ricafleld Ol (2) Rio Grande O1l (2).. % Ritter Dent :fl: (13) R4 0) St L-San Fran nhl)- Schulte Retall Strs. . NEW YORK, April 7.—The following is today's summary of important cor- poration news, prepared by Standard Statistics Co., Inc., New York, for the Associated Press: . Weekly News Review. Volume of transactions of the Stock Exchange in the past week was the heaviest since the week ended Novem- ber 2, 1929. Turnover totaled 28,958,850 shares, with sales in every full session of the week, with one exception, in ex- cess of 5,000,000 ins.?nlnh unxg -:,t:vlly was most prominent in_su issues as American Telephone & Tele- graph, General Electric, Radio, United States Steel, General Motors, Allied Chemical and Standard Ofl of New Jersey. Our composite index of 90 rep- resentative issues advanced into new high ground on every trading day but Wednesday and closed the week at 204.3, a gain of 5.6 points over the pre- vious week'’s close. The bond market. was moderately Div Seaboa, Seaboai Seagra 2:55, Close. 42 45 8% 8014 1047% 02 a% 13% 674 25U 138% 9% 46% 3% 36 48% 43 Second Seneca Servel % Simmor Simms Sinclal Skelly Snider Snider Solvay So Por Southe Southes Southe: Southe: Spang-4 Sparks Spicer Sterlin; Sterlin Subma, Telauts United Utd Cor Utd Co United United Utd Ga: Utd Paj Unit Pi United U S Ex| Pi wunrunn L] Rul ccacacaaal ussm Univ F Virgin Virgin Wabas N.eioesonenne Westn Westn White Whi Wilcox Woolw: Worth Yale & Yellow Young Young Zenith So Cal 10:30 A.M.. 1:30 P.M... payments based on t in stock no regular rat:. b Pa: 100 10% It BPlus 2% in stock... 8% 5% in stoc) Stock ana Stew-Warner (h3%) 52 Stone & Webster (4). 829 Studebaker Co (6)... U S Steel (7).. U S Steel pf (7)... Univ Leaf Tob (3) Univ Pict 1st pf(8)..300s 1 n_cash or stock. Snlenr idend Rate. Add 00 llth. rd Alr Line. . . rd Afr Line pf ve (€1.20) Sears Roebuck (3! Natl Inv, Coppe Inc. Sharp & Dohm snnuuckmn)nlu) Sheil Union (1.40)..." Shell Un Ofl pf (6%) Shubert Theatres. ns Co (g3). Fet (1.60). r Con Oll (2). Ol (2)......0 Sloss Sheflield St Packing Packing p! Am In pf Rico Sug (2) Southern Cal Ed (2). Stand Oil Exp pf (5). South Dalirfes, A 1%. rn Qairl rn Pacific u). rn Rwy (8 rn Ry pt (6).. Chalfant. Spang-Chalfnt pf(6) Withngta(1). MIB....ooonen Spteel-May-St (3).. Stand Brands (1%). Stand Comm Tob Stand Oil of Kan (2). Stand Ol N J (12) Stand OIIN Y ¢ Stand P! 0). 186 Glass... 1 g Seo A & Seocv pf(3) 5 i1 rine Boat. Sun Oil (11). Superior O1l. Superior St Symington. Symington ograph (11.30) Tenn Cop & Ch (1) ... ‘Texas Corp (3) Thatcher Mfg (1.60). Third Avenu Third Natl Inves (1) ‘Thompsn Prod(2.40) Thomyson Starrett. . Tide Water Asso 60c. Tide Wat Asso pt (6) Tide W Tide W Timken Det Ax(80¢) Timken Roller (3)... ‘Tobacco Products... Tobacco Products A. Transcontl Oil (30¢). Transue & W (1) % Trico Prod (2%) Truscon Stl (g1.2 4 Twin City RD T (4).s Und-Ell-Fisher (5).. Union Bag & Paper. . Union Carbide (2.60) Union Oil of Cal (32) Union Pacific (10)... Union T’k Car (1.60). Utd Alrcraft& Trans Utd Alrcraft&T pf 3. Utd Biscuit ( Utd Carbon ( Utd Clgar Stor ater Oil (80¢) ater Oil pf(6) 60). Cigar S rporation. rp pf (3) Elec Coal..e0 Fruit (4) Utd Gas & Imp(1.20) s & Im pf (6) . perboard. ... iece Dye W (2) Stores A. Udt Stores pt. pres: U S & Foreign Secur. U 8 Frelsht (3). S Hoffman (2).... S Ind Alcohol (' Leather. 1st pf (1.20) Realty (5). bber elt Ref pf 3% eee 327 ipe & Rad Uil Pwr&Lt A (¢ Vadsco Sales Corp Vanadium (14).. Vick Chemical (234). Virginia-Car Chem. . ia-Car 6% pf.. fa-Car of (7)., Vul Detinning A (4), \\-bun DL A (6)..00 aldorf Sysum (1%) worth Co (2). P \\ ard Baking A. Ward Baking B. Ward Baking pf (1) Warner Bros Plc ( Wess Oll & Snow (2). s Wess O & Sn pf (4).. Dairy A (4).s Dalry (B) Western Maryland Western Union (8).., Westinghse A B (3). Westinzhse E&M (6) Weston El Ins (1)... Motors (2 Rek MS(t ewing Mach wht Wilcox Ull & G Wilcox Rich (A) e Rich, B (2)... Willys-Over (1.20).. Willys-Over pf (7)., orth (2.40)... ington Pump.. Wrigley Wm (4).... Towne (15) .., “Iruck & C. Spring (3 Sheet & T (6). Radio....eues RIGHTS EXPIRE Pac Lightg Ed.. Dividend rates as fiven¥1n (s above table ‘ere’tie ‘antigal cas he lacest quartarly of aalf vearly declartions. s Unit of trading less than 100 shares, 't Partly it § Pavable in scrip, { Flus 9% in stock. a P ki in Stock. d 1 Plus 10% 1n 0% in Stock. 1 Plus &% in stock avab) o Stock. 3 Pius CFiuss% i Siack A Bius active, with sales tolaling $73.044,700, compared with $78,554,700 in the pre- ceding week. Prices tapered off some- what. New offerings totaled $85,180,000, against $102,563,000 in the previous week and $67,955,000 in the correspond- ing week last year. Brokers' loans in the New York Federal Reserve district showed a larger gain in the week ended April 2 than in any corresponding pe- riod thus far in 1930. Net increase in the loan total was $148,000,000. The largest gain recorded in any previous ‘week of the year to date was $137,000,000. Aggregate loans, according to the latest figures made public by tha Fed- eral Reserve Board, amounted to $3,968,- 000,000. This is the largest total re- since the second week of last November, and represents an increase of about 19 per cent over the extreme low level of December 24, 1929. Call money renewal rate was main- tained at 4 per cent. Time money and bankers' bills firmed up slightly. The consolidated statement of the Federal Reserve Board as of April 2 showed increases from the week pre- vious of $34,300,000 in hnlflln of ms- counted bills,. m,lmumn in the market and Unlted tates $29,293,000, reserve note circulation ad- vanced $3,197,000 and deposits advanced $54,580,000. Reserve rate fell to 79.8 per cent from 81.8 per cent. A year ago the rate was 71.5 per cent. Trade and industrial develo ot the week, with the exce) g receding ments con W e period. Operations i the -t.eZl indus- try as a whole were advanced to 76 per cent of theoretical capacity, com- pared with 73 per cent in the preced- ing week. ents of ve- More Sales for Finland. Rapid growth of finance and business in Finland the last few years has created a need for more safes. - Rooster Not Worth Much. AMES, Iowa, April 7 (#).—Roosters, says Iowa State College, cause an annual loss of 82,000,000 to Iowa farm- ers because fert eggs spoll it quickly than. inkn.fle After $1,400,000 in | by securities. Gold reserves of the system dropped | Wood: ON FIRMER MONEY| Convertibles Are Center of Activity in Otherwise Dull Market. BY F. H. RICHARDSON. Speclal Dispatch to The Star. \money rates caused continued dullness | and slightly lower prices in the bond market today so far as issues without any equity features were concerned. But the conyertibles were heavily traded in as a result of stock market activity. Time money for the 90-day term was quoted at 4 to 44 per cent, but most of the transactions were put through at the latter rate. Supplies | werz not any too plentiful. Once again the bulk of the trading in stock privilege bonds was confined to American Telephone 4!5s, frac- tionally higher, International Tele- phone 4-1WJs, slso slightly improved, Warner Brothers Pictures 6s, off a polm and General Theater Equipment r over 8 points. The sensational n the last issue was a result of the clearing up of the litigation in- volving Fox Film Co. Acquisition of Willlam Fox's “B" stock by interests allied with General ‘Theater Equipment proved a strong bull point for the bonds and stocks of both companies. Fox Film 6 per cent notes, due April 1, went immediately to their %1 call price on the counter market on intimation that they would be taken up at_once. Other actively higher convertibles were Alleghany 5s, New Haven s, American 1. G. Chemical 5155, Amer- ican International 5!,s, Commercial In- vestment Trust 5'2: Philadelphia & ™| Reading Coal & Iron 6s, Chicago & Northwestern 4%s and Texas Corpora- tion 5s. The only center of strength apart| from the convertibles was the traction group. Interborough Refunding 5s were a point higher. Interborough 6s, which are secured by deposit of the 5s, jumped 4 points. New York Railways 6s and both Third Avenue Raflroad issues also gained. This activity came as a sequel to the decision of the New York transit commission to sacrifice the 5-cent fare clause in the transit unification bill if the Republican leaders at Albany are prepared to revive the measure and adopt it in the amended form. Washington Stock Exchange pfd. —10 at 113, 10 at 113, 10 at 113, 10 at 113, 10 at 113, 5 at 113, 1 at 113. Potomac Electric 5!2 % pfd.—5 at 108, Pedte?sl-Ameflcnn National Bank- at 292, Continental Trust Co.—10 at 127. Fede: Amencan Co. com.—10 at 32, anwn Mcnotype—]fl at 116'z, 10 at| 1161, 20 at 116'2, 10 at 116%, 10 at 11615 '-5 ‘Transfer & Storage pfd.— | 20 at 100. Mergenthaler Linotype—40 at 1075 The Carpel Corp—30 at 261, AFTER CALL. Potomac Elec. Cons. 55—$1,000 at 10214, Washington Gas 55—$500 at 102 Capital Traction Co.—5 at 79%, 5 at 7935, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4! g, Arked Amer’ Tel. & Tel. 4'as City & Suburban 55 . Georgetown 15t 5 FPotomac Elec. cons. Bale: Liblst4ys. Libeth 4., UB3%s ¢7. us3y S4s1944.. S4%62... 51 27 %6 WASHINGTON, D. C, MONDAY APRIL 7, 1930. 101 FOR!IGN. Argentine 6sfu 69 NEW YORK, April 7—Firmer time | & Australia 4 %s 5 Australia 68 1956 Australia 63 19567 Austria 7s.. Bank of Chl, Bank of Chile lx Belgium 6 Belgium 6% £ Belgium 78 1956. Belgium 78 1956 Belgium 7% Belgium 8s. . Bolivar 78 68.... & Bremen State 7. Canada 6s 1931, Chrinti nia Con Pow Japan 7s. . Copenhagen 41 63. Copenhagen 6s ct Cuba 6%s. . Crecho 8s 1961, Denmark 61 Denmark 6s Dutch East Dutch East I 63 E] Salvador 83 48 German Bank German EI P 6%s German 7s... .. Greek 6s 1963 Hait) 6s Irish Free State 6s. Italy 7s. Italian Pub § Japanese 6%s Jugoslavia Bank s Karstadt 631943, ., Montevideo 7s. New So Wales § New So V Norway 6s 1963 | Norway 6% N 6% b Orfent Dev'mt 68 53 Paris-Ly-Med 6 Paris-Ly-Med 1 Peru 63 1960 Peru 1 Poland . Poland 7s (ret Poland 8s. Porto Alegre §s Queensland 7= Rhine Wst EP 65 62 Rhine West 68 52. . Rio de Janelro 6 %8 Rio de Jan 88 1946 Rio Gr do Sul 6s 48 Rio Gr Do Sul 8 Rome 6l4s 2 Sao Paulo 195! xon (PW) 7, Sefne 78 42. Serbs Cr Sloy Rerbs Crot Slo . | Sweden 5%s. & Arinap.’ 5s. Washington Gas 5s.. - | Swiss5s 1946 Swiss Confed 8 Toho El Pow 7 2| Tokio 535819 Utd Kingm 6 %8s l'l Unt S S Copen 6s 37 | Uruguay 6s 1960... .. | Uruguay 8s.. * | Vienna 6s 62. 3 ze Wash. Cons. Title 6s.. PUBLIC U‘HLITY Amer. Tel & Telga. (9) Capital Traction Co. (7) Washington Gas Light (18] Norfolk & Wash, Btmb. «2j. Potomac Elec. d. . Botomac Elec, 81515 d Wash. Rw: & Eec. ‘ta h. Ruy.! & Elec pid. 2 NATIONAL BANKS. National Capital (14). Columbia 12). ond (9¢ 20 Natl. Bank of Washington' (13). TRUST COMPANY. Amer. Sec. & Trust Co. (15) Bank of Bethesda (6%) Commerce & Savings, (10) East Washington av. Seventh Street (12). United States (30| Washington Mechanics’ FIRE INSURANCE. American (12). Corcoran (10). Firemen's ( National Union (i) TITLE INSURANCE. Columbia Title (6] Real Estate Title (8h. Title & Inv. of Md. com. lllM:SLLANEOIJ!. Barber & Ross. Inc., com.. Chevy Chase Dairy ‘pid. () Gol. Sand & Gravel prd. (1) Dist. O N’ o 288898052 53! ra. J2a% extra ha% enn 5% 83% extra. h25 t MARYLAND TOBACCO PRICES. BALTIMORE, April 7 (Special).— While receipts of Maryland leaf tobacco last week increased to 81 hogsheads, sales were only 7 hogsheads, leaving a stock in State tobacco warehouses of 3,009 hmhudl and 258 hogsheads ot ground lea Market holds steady, however, in moetl lines .a the following quotations per Inleflnr 100:1200' sound common, 13.00a20.00; good common, 21.00a30.00: medium, 31.00a40.00; to fine red, 41.00a51.00; fancy, 51.50a52.00; seconds, to common, 21.30; good to fine, 31 oo::) country burley, nominal; ground lnpru 6.00224.00. TREASURY CERTIFICATES. ( Mb’:&'klllmln‘@’ 100 P’M 1 1‘-!3" 1 lgl 2 100 1. 100 | Yokohama 6s. Abitibl Pa&P 55 53 | Ajax-Rubber 8s.... Alleghany Cp bs ¢4 Alleghany bs 49, Allts Chalmrs 6s 37 | Am Agri Chem 7%s AmChem 634 scv 43 Am Int Cor 638 45§ Am Nat Gas 6%s 42 Am Smit & R 18t bs Am Sugar Ref 6s. AmT& Tecltrbs.. AmT&Tst6s.... Am Tel & Tel 6% | Am Water Wks bs. | Am Wrtg Pap 6s 47 Armour&Co 4%s 39 Armour Del 6%s... At] Gulf 58 69. Atlantic Refin 6s. .. Bell Tel Pa 63 B Beth Steel rf 63 Bush Term Bld Certn-Td 61%s rets. Chtle Copper bs. ... Colon Ol 65 38. Col G&EI 63 May 63 Com Invest 648 49. Com Invest 6848, , Con Coal Md 68 Con Gas N Y 6% Cuban Am Sugar Den Gas bs. Det Edison Duguesne 4% East Cuba Sug 1%8 Gen Cable 5148 47.. Gen Mot Ac Cor 6s. Gen Pub Serv 5% Gen Stl Cast 5% 8 ¢¢ Humble O & R 6%8 111 Bell Tel 68 11l Steel 4%3 40 Int) Cement 6s 48 Intl Match 68 47. Int Mer Mar Inter Paper Int Tel & Tel Int Tel&Tet 4% s e ‘ntl Tel&Tal 68 66. Kan G & K68 63.... Liaclede G 638 62. . Lou Ga: &E Manati Sugar 7% MeC'rmick KR 6s 34 Midvale Steel 6s. Montana Pw deb 6s. Mor's & Co I1st 4% Nat Dairy 6 Nat Radlator 6%s. . New England Tel 5 No Am Ed 6%s 63. N Y Edison 6%s. N Y Tel 4%s. Pacific Gas & EI 5 Paramount 6s 1947. P.n-- Exchange Ts. Fhila & Read Phillips Petro 5% ;;; Por Ric Am Tob 6s. S oz o - SRecBranzrnande cnnnlomcaaSasanneS 13 a Kreuger&To'l 6 ct 146 Low. UNITED STATES. (Sales are in $1.000.) High. 3 100 15 100 13 101 15 56 10128 101 24 4 100 18 100 10 259 104 25 104 20 10711 107 10 11118 11110 13 Low. YN 1024 106% 94 91'4 5 104% 1004, 1 29 . a7 4 30 41 17 1 16 BTN €0 1031 um 10414 Am T&T cv 4148 36130631934 Am Tel&Teleg 53'65 48 1034 104% 103% 4 107w X 10 T 3 3 3 6 1 4 1 2 9 a2 8 11 22 4 1 10 19 1 8 1 6 28 34 6 6 122 3 1 : 31 5 1 3 2 100% 823, 901z & 781 10 105 104 100 521 9615 8 102~ 96% 99 57 106 103% 100 101% 106% 97 103 100, 81 101% 103% 102 106 107% 9% 101% 104% 99%, 944y 1013 9% 1051 102% 95% Ravy 70 99%, 1035 104% 1047 1077% 100% 93 MISCELLANEOUS. B5% 60 2% 100 15 101 15 101 24 10011 104 21 107 10 11110 2:58. 8% 106% 98 974 102 109 112% 1081 115% 110% 8214 81 97V 103% RTY Bi% 914 100%; 1 102% 102% 106% 103% 1 :FINANCIAL‘. IBOND PRICES DROP | EMEEBONDS?EE: ‘BHEBK T0 RAILROAD l!lu High. Low. 94 Pub Serv Gas 4 }4s. Pure Ofl 6% 37 Remington Ar 6s 33 41 Hem Rnd 6% Richfield O1) Sinclair Ol 6s. . Sinclair O1l 63 Stnclair Ol 7s. Sinclair Crude %8 Sin Pipe Lin Skelly O11 6 South Bell T Southwest Bell Sug Es Orfent 7. Tenn ElecPow! Tex Corp cv bs 15! Transcont] Ofl 6%s United Drug 6 U8 Rub 1strf 6 USRub? Utah Pow & Utllities Pow 6% Walworth 6 Western Elec 6s. . Westn Union 68 1- Westn Unfon 6148, White Sew Macl Willys-Ov 6%s33. . Wilaon & Co 1 ‘oungstn S & T vy Dfl 20 97% W‘A 9% 968 96% 100% wn»« 96% 96% 100% 100% 102% 102% 104 102% 9 98 951 103% 104% 103% 96% 39 106% 104 102 6% RThy 100% 100% 92 103% 104'% 103% 9% 39 106% 1 23 91% 103% 103 109% 854 100% 101 101% 10 2 5 1 92 10 RAILROAD. Atchison ad) s Atchison gen Atlantic C L 1st ¢ Balto&Ohfo gold 4s. Boston & Matne 5s. BKIyn Elev. 634s. .. Bklyn Manhat 6s. Bklyn Un E1 68 50., Bklyn Un E1.5s sta.. % Bush Term con bs.. Can Natl 6 July '69 Can Natl 5s Oct "69 Ch & O 41%s B 1996, Cht B&Q gen 4s 63.. CMSP&Pac adj5s0. Chi N W 4%s 2037, Chi & N W con 4%s Ci Chi Un Sta C& W lcon C&WIbY% Clev-Term 4%s'17 Clev Term bs. 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Nor Pac rf 61 Ore Wash 1st ¢ Penna con 4% Penna gen 4 %48 Penna 4% » 63, Pere M 414 1980 wi Philippine RR ¢ Port E1 P Port RL & Port RL&EP 1%s 46. 4 101% | Readine gen 433 A 101 | Rlo G as.... 101 84 W 1 RI1ATk& L 4%s St L IM&S gn 6s ‘31 G 4 1 90% 94% 139% 8815 90 90% PRS- PN 104% 6214 954, 13 e * 0B win Garn wa &3 1001 100% 951% 95 988, 98% 95 95 100 100% 1 41 41 98 102 107% 79 101 29% 100 1134 98Y, 102' 107% 15 2 102% 102% 94% 931 1321 1324 105% 105% 60% €0% 15 6 6 5 18% 847% 90% 18% 105% 113% 90% 102% 9 9'\( 96% 100% 96% 100% 102% 103% 99% 98 95% 105% 104% 103% 26% 39 10614 104% 102! 968, 874 1007% 100% 92 92 1041 103 109% 85 100% 101 101% 90 94% 139% 4 95 981% 7 1043, 21, 937 1321 105% 60‘$ l)l‘ 99%, 97% 106 €0 6 | 1.75a2.25: celery, MEREER PLANNED Senator Couzens Would De- lay U. S. Program Pend- ing an Inquiry. By the Associated Press. Public hearings on a proposal te halt railway consolidation until Congress makes further legislative provision for it—probably with added governmental supervision—will be suggested to the Senate interstate commerce committee tomorrow by its chairman, Senator Couzens, Republican, Michigan. The chairman, who introduced a resoluticn seeking to stop railroad mer- gers! said today that he would submit the advisability of an investigation to the committee in view of vigorous re- sponses to the resolution. Considerable controversy has been stirred by the Couzens resolution, for it would prevent the Interstate Gom- merce Commission from authorizing any of the many consolidations envisaged by the mammoth plan it announced two months ago after 10 years’ preparation. “The movement for public hearings is based on a desire to hear more from the public and from the businesses in- volved,” Couzens said, adding that he desired to prevent acting “too quickly.” “Everybody admits thc need of new legislation simplifying previous statutes permitting consolidation,” Couzens said. “The resolution, if adopted, would sim- ply hold up consolidation until Congress passed this legislation—probably within a year.” Any additional legislation providing for consolidation must carry Government. supervision of holding companies, as well as of the roads themselves, to meet the approval of the committee chairman. He said he would insist that such a provision go into the Fess bill, which provides for compuisorv unification. Without control over holding companies, he believes, the Interstate Commerce Commission is in reality without power to insure ndequnte regulaunn BOULDER DA DAM QUERIES AROUSE COLORADO CITY By the Associated Press. BOULDER, Colo., April 7.—This little Colorado community, nestling against the Rockies, is a long, long way from Boulder Dam—but hundreds of resi- dents of the Nation do not know it. The Boulder Chamber of Commerce has been overtaxed with inquiries re- garding work, homes and conditions incident to construction of the Boulder Dam. To each of the inquiries, the chamber has replied that just about an even thousand miles separating them. Many working men have written say- ing they were going to arrive with their families in April. If many of them do come, a real problem will confront this town and perhaps become the object of State attention. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., April 7.—Potatoes, white, 100 pounds, 2.25a2.90; new, bushel, sweet potatoes, bare rel, ; vaam barrel, 2.2523.50; 1.506.00; cabbage, bushel, beans, hamper, 1.40a1.50; 3.0025.00; 3.00a3.50; carrots, caulifiower, crate, crate, 250a3.75; egg~ plants, crate, 2.00a5.00; lettuce, basket, 1.0022.00; kale, bushel, 50a75; onions, 100 pounds, 3.00a3.50; peppers, crate, 2.00a5.00; parsnips, basket, 50a75; spinach, bushel, 35a75: radishes, hamper, 1.50a1.75; squash, bushel, 2.00a 3.50; tomatoes, crate, 1.0022.75: turnips, hamper, 60a75; apples, shel, 1.00a 3.50; grapefruit. box, 3.00a5.50; oranges, box, 3.50a8.00; strawberries, quart, 20a55. hamper, Dairy Market. Poultry, alive—Turkeys, pound, 35a40; old toms, 25a30: chickens, young, 33a 42; Leghorns, 22a38; old roosters, 17& capons, 35a40; ducks, 17a30; old 30a31; Leghorns, 20a28; guinea , each, 30a75; pigeons, pair, 30a35. Eggs—Receipts, 1,230 cases; nearby firsts, 253,a26; hennery whites, firsts, 2615827; duck eggs 38a40. Butter—Good to fancy creamery, pound, 36a39!;: ladles, 31a32; store- packed. 18a19; rolls, 25a28; process, 3115832, Live Stock Market. Cattle—Receipts, 250 head: light sup- :: ply. market steady to stronger. Steers—Choice to prime, none: good to choice, 12.00 to 12.75; medium to good, 11.00 to 11.50: fair to medium, 10.00 to 10.75; plain to fair, 9.00 to 9.75; common to plain, 8.00 to 8.75. Bulls—Choice to prime, none; good to choice, 9.00 to 10.00; medium to good, 850 to 9.00; fair to medium, 8.00 to 8.50; plain to fair, 7.00 to 8.00; com- mon to plain. 7.00 to 7.50. Cows—Choice to prime, none; good to choice, none; medium to good, 7.00 to 8.25; fair to medium. 6.00 to 7.00; plain to fair, 5.00 to 6.00; common to plain, 3.50 to 4.50. Heifers—Choice to prime, none: good to choice, 10.00 to 11.00; medium to good, 9.00 to 10.00: fair to medium, 8.00 to 9.60; plain to fair, 7.00 to 8.00; common to plain, 6.00 to 7.00. Fresh cows and springers, 60.00 to 150.00 Sheep and lambs—Receipts, 500 head; light supply, market steady. Sheep, 2.00 to 6.00; lambs, 6.50 to 11.00. Calves—Receipts, 450 head: light sup= ig ¥ | ply, market steady. Calves, 7.00 to 14.00, Hay and Grain Prices. Wheat—No. 2 red Winter, export, 1.13; No. 2 red Winter, garlicky, spot, 1.141.; April, 1.1415; May, 1.16%2; No. 3, garli no quotations. Corn—No. 2 domestic yellow, 96a97; cob corn, new, 4.80a4.90. Oats—No. 2 white, domestic, spot, 56a56'2; No. 3 white, domestic, spot, 54a55. Rye—Nearby, 80a85. Hay—Receipts, 23 tons; no change in . 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 l'rum 18.00 to 22.00 per ton, according (unnmy and condition, receipts by truck supplying most requirements. Straw—Wheat, No. 1, per ton, 9.00a 10.00; oats, No. i per mn 9.00a10.00. FOREIGN EXCHANGES. (Quctations furnished oy W. 8. Hibbs & Co.) Nomina! 80ld Selling checks new, Budapest, pengo.. Prague. crown (nom. '1’1 9840 Union Pac ¢% Virginia Ry 1st 6s. Wabash 2nd bs. West Maryiand