Evening Star Newspaper, April 7, 1930, Page 15

FINANCIAL, CURB ISSUES GAIN, WITH OILS LEADING Utilities and Aviation Sec- tions of List Are Also Active. BY JOHN A. CRONE. Eagiel Dispaii. i+ The Star. NEW YORK, April 7.—VUiilities, oils and the aviation shares stood out prom- inently in today's active and irregu-| larly higher Curb market. Fox Theatres Corporation A was one of the | outstanding individual stocks as a re- sult of the sale of control of that com- | pany by William Fox. Electric Bond & Share, American & Forelgn Power, American Superpower, United Light & Poler A and Utili- ties Power & Light opened higher and displayed considerable activity. Other important moves in the utility list included Niagara-Hudson Power, which _eventually is expected to tie in with Consolidated Gas of New York; Eastern States Power B, an affiliate; ] Central States Electric and Common- wealth and Southern Warrants, all of which climbed to new high prices for the year. Nearly a dozen oil issues scored new tops in early trading. This list took in Standard Oil of Indiana, Imperial Oil of Canada, Gulf Oil of Pennsylvania and Pacific Western Oil. Brisk bidding in the oils followed publicatien of favorable trade statistics and analyses. Fox Theaters Corporation A stock opened at 1015, up 11,. and later went to 113 as a resuit of the amicable agreement regched between contending banking and#shareholder groups. Co- lumbia Pictures and National Screen Service for a time also advanced. Douglas Aircraft, which has recently booked several sizeable orders, was whirled to a new altitude. It was fol- Jowed by Irving Air Chute, which re- ports good European business, and by North American Aviation. Niles Be- ment Pond moved higher as a result of an Army order awarded to a subsidiary. The natural gas stocks were led to new high levels by Arkansas Natural Gas, Memphis Natural Gas, Missouri- Kansas Pipe and American Natural Gas. A. O. Smith Corporation was off about 3 points after its 9-point advance last week, while S. H. Dresser Manufac- | turing Co., whose earnings as a result of Natural Pipe Line construction in- creased 43 per cent last year, rose more than a point to & new high level tor‘ the year. NEBRASKA BANKING LAW | WAS BRYAN PRINCIPLE| By the Associated Press. LINCOLN, Nebr., April 17— Wh(‘n‘ Gov. Arthur J. Weaver of Nebraska recently signed a bill repealing the | State’s bank guaranty law, it marked the virtual passing a favorite principle of William Jennings Bryan. It was one of the chief issues of the last two Bryan campaigns. Out of it grew more than a dozen State bank guaranty laws, modeled on the same pian, in as many States. Oniy one is left, that of the State of Mississippi. Even as late as three years ago agita- | tion in Iowa for a similar law was strong enough to be one of the most bitterly contested issues before the Legislature. The Nebraska guaranty fund was conceded to be “in the red” between $16.000,000 and $20,000.000. It was the only unlimited guaranty scheme to exist for any considerable time in the United States. Most of the other States that passed guaranty laws adopted some kind of limit to tive bankers' obligations, NEW SECURITIES. , NEW YORK, April 7 |.~1").—Ne“" security offerings today include: American Metal Co., Ltd., $20,000.000 four-year 5> per cent gold notes, | dated April l 1930, and ‘due April 1, | 1934, priced at 99': and accrued interest to yield 5.64 per cent. Offered by a banking group composed of Charles D. Barney & Co., Hallgarten & Co., and others. Ford Pay Roll Increased. NEW YORK, April 7 (#).—The num- ber of employes at the Ford Motor Co.’s, Norfolk, Va. plant has been increased | from 1,700 to 2,300, and the daily pro- | duction rate has been advanced to 375 | cArs, an increase of about 51 per cent. BONDS ON THE CURB MARKET. DOMESTIC BONDS, Sales in Thousands 11'Alabama Pw 4135 ' § Aluminum Ltd 3s 2 Aboaiach Bow "5s' 56 'sboe 92 Appaiach, Gay € 451280 2Cit Serv Gas 5125 |42 8814 it Serv Pow 5128 '52 92 8 20 New 'Ens_GAE 85 ki &S P 4138 "8 10 NY _C. Ry AL ggg<ac) sh W & Pow 55 ebster Mill 613 (3 Pr Rep 5c 4t b gim;:' or s 353 97 re ME 6723 A'53 w853 Notice—All stocks are sold In ene -share lots uupfin{ ‘those designated hy the lmn - lul) uu-) 0 4 lots only hich ~Prev 1930 ~ High 528, ws those stocks to be sold In ods Stock and * Sales— Low Dividend Rate. 421 Acme W Co vto (12). 7 Aeronautical Indus. 16 1% Aeronautio Ind war. 24 & Aem Supply Mfg B). 134 lwonh Mfz 12%. 32% € 2 Alleghenv Gas Corp. Alles & Fisher (2)... Allled Aviation. . Allled Mills (60¢) Aluminum Co of Am Alu Coof Am pf 1€}, Aluminum Co, Ltd. . Am BReverage Corp. . Am Capital (B) Am Capital pt (3) Am Cigar Co . Am Cit P&L A (a3). Am C-P&L B (b10% ) Am Colortype (2.40). Am Cwith P A b10% Am Cwith PBb10% Am Cmwlith Po war. Am Control Ofl Fids. Am Cyanam B (1.60) Am Equit, Am For Power wal Am Investors (w; Am Laund Mch(4).. Am Light & Tractn, Am Maize Prod (2).. Am Mfg Co (4). Am Salamandra (3), Am St Pub S(A)1.60 Am Superpower (1). Am Super 18t pf () Am Superpow pf (8) Am Thread pf (25¢) Am U&Gen B vte 40e Am Yvelle inew) wi Amrad Corporation. Anctior Post F b10% Anglo Chil Nitrate Anglo-Nor Hold, 25c. Arcturus Rad Tube. Arizona Com (50¢). . Ariz Globe Copper. Arkansas Nat Gas, Arkansas Nat Gas A. Asso-Elec Ind Ltd. . Asso G&E. A (12.40). Asso Gas & Elec, n. . Asso Rayon pf (6).. Asso Tel Utll (b7%) . Atiant Fruit & Su; Atlantic Sec Corp. Atlas Plywood (3).. Auto Musio (A) (1). Auto Vot Ma ev pr pt Aviation Corp of Am Aviation Securities. Axton-F Tob A 3.20. Bahia Corp......... Baumann (L) pt (7) Bellanca Alrcraft. .. Blaw-Knox Co (1%) Biiss Co (E W) (1) Blue Ridge Corp Blue RId, Bourjois, Brazil Tr & Lt ). Byuce(EL) Co(2%). Bruek S Mills Ltd(2) Bufft, N&BP pf (1 60) Bunker Hill & S 161 Burco. Inc Burco, inc cv pf (3). Burco, Inc (war). ... Burma Corp (131e) Butler Bros (30c) Bwana M Kubwa.... ‘able Radio T vie. .. ab& Wire L1dB rets C&W pf rets(27%c¢). Can Marcont. 3 Can Pacific(new) Carib Syndicate. 2 Carnation Co ($1%4). Celanese .stpf(17%) Cent Atlantic States. Cen H G&E ctfs n(2) Cent Public Service. Cent PSv A £l [3 R S e R R O R ORI B - G RANKN a Chatham Phoe Al n-v Chem Natl Asso n-v. Ches & Uhio (new).. Chesebor Mfg(t4%). Citles Service (33uc) Cities Serv pf (6). .. Clev El tllum (1 60). Clev Tractor (160). Club Alum Uten. Colon Ol Colts Pat Fire A (2) o P P I T Com'with Edison (8) 20s Comwith & Sou war. 5 Com Wat Ser (b6% ) Consolidated Atreraf 35 Consol Auto Merch.. 11 Consolidated Copper Cons Dairy Prod (2). Con Gus, Balto(3 60) Con Gas Util,B v.t.c.. Consol Royal (60¢) Continenta] Ofl.... Cosden Oll. Coty Soc Anon rets. Creole Petroleum. .. Cresson Cons (8c).. Crocker Wheeler. Cuban Cane pr opt w. Cumb'ind Pipe L(4). Cueno Press (24). Curtiss Flying Serv. Curtiss Wright war. 16 Darby Pet (1)...... Davenport Hos (2). Deere & Co new w.i. De Forest Radio g Dow Chemical (2). Draper Corp (t6).... Dres(SRIMIg A3%. 24 Driver Harris(new). 1% Dubilter Cond&Rad. 1 Duke Power (35)... I76l Duran: Motors. East Gas & ¥ Asso. . East Sts Pow B (1).. Eastern Util Asso cv iastern Utll Inv A .. Eisler Electric (1%) 5 El Bond & Sh (b6). .. E£1 Bond & Sh pf (6). Elec Pow As80 (1).., Elec Pw Asso A (1) Emp G F cum p (7). Empire Pwr Corp(2) Emp Pub 8v A(1.80) Juro EI, Ltd deb rts. Ex-Ce) Alr&l (1.20) Fabrics Finishing. Fllrehlld Aviation. SOOI ~1CECIO I e B 1 b b - Federal Screw (3). v Flat receipts (1.36) .. First Nat Copper... Fokker Alrcraft.... Foltis Fischer Corp. Ford Motor Can A... Ford Mot of France. - o R ESe Founadation For Franklin Mfg (2) General Baking Gen Baking of (3). General Cable war. .. Gen E Ltd rcts (60e) Empire Corp. Gas&El cv pf! G&Ecvpf B Laundry Mach. Petrol Corp wi. . Rity & Utiiities R& Uil pt«6). 20 Oln W WEE A (3).. 21 Gleaner Com Har(3) 99 Glen Alden Coal (8). 11% Globe Underwriters. % Gold seeenneese Anm ouumlh l.:' 2:88 13% 50% 15 2% 134 324 [ 2 . 20% Th 4% 3 1% 3624 & Red Warri, Gold Seal Eln. . Gorham Ine pf ( Graymur Corp. Groo Stor: Pru vie. Guardn Fire Assn(3) Guif Ofl of Pa (1%). H'd Page p pf (19¢).. Hudson Bay Humble Ofl Hydro Hyzrade Foed Prod. 1mp O1L. Can (60c) .. Ind Terr 111u Ofl (A) Ind Terr I1lu Ofl (B) ind Finctfs (010%) 19 Indus Fin ov pf (7). 2268 insull Ut Invib8%). 3 Ins Coof N Am Intercoast Trade (1) Intercoutinent Pet n. e koS oar Sao- waw 335 Internat Products. .. Int] Superpow ($1). Internatl UtB...... Internat) Util (war). n Superpow A. Jefterson B (13%).. Jon & N cum pf (3).. Kirby Petroleum. ... Klein (H)pt pf ¢ Kolster-Br (Am 8h). Lackawanna Sec(4). Lakey Foundry. .. Lane Bryant. inc(2). Lefcdurt Real 11.85. . Lefcourt Real pt (3) Lehigh Con'&Nav(n) Leanard Of1 . ... Libby McNetl & L, Lily T Cup (150). Map Marine M1d Cp (1. 20) Marine Un Inv (1)... Marion Steam Shov.. Marshall Field & Co. Mavis Bottling. flower Asso Mead Jonnmnmm Mqmph Nat Gas Co. Mer & MfS A (1.50). Mer Chap & S(1.60). Mesabi Iron. Mesta Ma Co (11.70). Met & Min Inc (1.20) Mexico Ohto Ofl.... Mid Royalty cv pf 3. Mid Wst Utll (b8% ). Mid West Ut B wa; Miller & Sons (2)... Miss River F Cp war Mo Kan P L (b10%). Moh H P 1t pf (1). Monroe Chem (1%) Montecatint deb rts. Moody's | S pt pf (3) Morison Elee (31)... Mountain & Gulf 8c). Mount Prod (1.60).. Municipal Service. .. Nachman Spring (2) Nut Amer Co. at Aviation. Dairy P p | Fam s:u a lo) Pub Sv A'(1.60). at Screen Serv (2). Nat Steel Corp 1w (3 Natl Trade Journal.. Nebel (Oscar) (1%). ew Brad O1l (60¢c). New Eng Pow pf (§) 20s ew Eng T& T (8). 3508 N Y Telpf (6%). N Y Transit.n 11.70.. Niagara Hud P(¢0c) 306 Niag Hud Pw A war. Niag Hud Pw B war. Niag Shares Md (40c) Niles-Bement-P 1234 Noranda Mines (3).. North Am Aviation. No Am Aviat A war. North St Pow pf (7). N W Engin 2) Novadel Agene (2).. Ohlo B Tel cm pf(7) Ohio Copper . Ohlo O11 (12)....... Oflstocks.Ltd A 3600 Outboard Motor (B), Pacific Coast Bis..., Pac Pub Serv (1.30). Pac Western Oll.... Pandem Oil. Pantepec Ofl Param’t Cab (b8%) . PennGas&EA (1 Penn Mex Fuel (2). Pennroad Corp. e o et & ondeafeEnme nroasx Perfect Circle (2) Petrol Corp t1%) Philip Morris Ine... Philippe (L), A t1.70 Pilot Rad T A (1.20). Pitney B P n (20¢c). Pitts Forging Co. ... Pitts Plate Glass (2) Plymouth Ol (3)... Polymet Mfg (31). Pratt&Lambert (15) Premier Gold (24 Prince & Whitely Public Util Hold ww 11 Pub Ut Hold Cp war. 9 Pug 8P & Lt pf (6). 1805 Quiney Mining.... Radlo Prod (80). Ry & Utl Inv (A) RainbowLumProd B R Foster (40¢).. Rel'nce Managemnt. Repetti Candy...... Republic Steel n wi, Rep Steel cum pt (6) Reynolds Bros Inc.. Reynolds Met n 3.40. Rike Kumbler (2.20) Rocklans Lt&P(92¢) Roosevelt Field. Inc. Ross Stores. Ine Rossia Inti Corp. Royal Typewr(73 Ruberoid Co (4). Russek’s 6th Av St Rezis Paver (1). Stfeway 8 war (24) o T TN e e e Sentry Safety Cont.. Shattuck Den Min... Shenandoah Corp. Singer Mfg ({26) Smith (A 0) 12). Southland Roy (1). Gas Util. Spanish & Gen RII. . Sple May S pf (6%) Standard Motori 39 160% 3% 1% 6 124 116% B53% 8 & Swift Intern1(3%).. Syrac Wash M B (1), Taggart Corp (1).... Tampa Electrie wl). ‘Technicolor, Ine Teck Hughes ( ‘Texon O1] & Lan Thermold Co (3).... ‘Thermotd cum pf(7) 100- Transamer (31.60). . ‘Tri-Cont Corp war. ‘Tri-Cont Corp pf(6), Tri Utilities (21.30).. Tri Utilities pf (3). . Tubsize Chatillon. .. Tung-8ol Lamp (3).. Uugerleider F Corp Union Am SE Inve Unton Tol Utd Carr 'tl'-n . United Corp war. . United Dry Docks... United Elec S Unit El Se Utd Founders(b2.35) United Gas Co. . United Gas new, ... 6% United Gaswar..... United Gas pf (7)... Utd Lt & Pwr A (1). Uté Lt & Pwr of (6). 1% United Profit Shar. 15 United Publie INVESTMENT TRUSTS NEW YORK, April 7 (#).—Over-the- counter market: Afilated Inv Inc Affiliated Inv Inc new uits Alex Hamllton Inv A Alliaace ‘Inv Corp com. Brit & Bid. Asked 42 8 10 B4 19% 2 3% London & lmn i London & Em & Gen A Trusts Ao "stand on\ Stocks. Astor Financt o s Int uni A1 % e gt o m Bakeis Shares Bankers Nat Invea Bank Stocks Hold Co Bansicilla_Cor, Basic Indusiry. S8R SEnses Chain Store ‘Invest pf Charted Invest Charted Invest pf.. Chelsea Exchange A Chelsea Exch: ‘.n‘l‘e B.. ng. Stand. Oil Trust Shares. 8. W Straus Invest. Units . Tri Natl U5 & Quersens Sec. Corp. Web_ Holding B cop Yeapier Corp. Units NEW YORK BANK STOCKS counter market. i BANKS. America | 5 g Bk of U § Unité Broadway Nationai . Chase National ghet Phenix” National: City Bank 5 Fifth Avenie First National N Y Hatiman National Manhattaa Co. Bankers Central Hlnoktr Chemi Bk & Tr Corn Exchange County .. Equitable mnunuur-n 5 or! Westchester Title U. S. TREASURY BALANCE The United States Treasury balance | announced today as of close of business | April 4, was $355901,735.29. Customs tures, $8,793,961.19. NEW YORK, April 7 (#).—Over-the- | lu'a receipts for the month to date were | $5,949,120.23. ‘Total ordinary expendi-i 60 um nuu (13%). 8 Dairy “Ex-dividend. in cash or stock. b Pi GRAIN MARKET CHICAGO, April 7 (8pecial).—The action of the wheat market at the opening today was a disappointment to bulls. In the face of strong cables and dry weather in the Southwest, the mar- ket failed to show much strength on first trades because of heavy realizing sales uncovered on bulges. Winnipeg started higher, but broke sharply after the opening. May opened 1.15% to l 15‘1. July 1.18 to 1.17, September 12173 to 1.21. After the first half hour: :dll'yi/ 1.15%; July, 1.167; September, . The forecast for threatening weather in Kansas caused the selling. Corn followed wheat. May opened . July 89 to 88%, September 90 o 89 ‘ After the first half hour: May, 88'2: July, 88%; September, 89 Oats were steady. May opened July 45% to 46, September 447%. After the first half hour: May, 45 '.. July, | 453 September, 44%. Provisions were firm. TELEPHONE CO REPORTS. BALTIMORE, April 7 (Special).— Pamphlet report of the Chesapeake & Potomac Telephone Co. of Baltimore City shows that telephone operating | revenues during 1929 amounted to $13,- 458,449, an increase of 6.6 per cent over the previous year. Telephone ex| including depreciation. uncollectible | taxes, rent and miscellaneous deduc- | tions, amounted to $10,575,774, an in- crease of 7 per cent. Net telephone revenues were $2,882675. Non-operat- | iIng income (net) amounted to $19.88, making total net earnings of $2.902,562 available for interest and dividends. The company reports a net gain in e itclephones during the year of 9,572. Woodward Building Radiator etfs(3) U S Rubber Reclaim Utility & Ind.... Ut & Ind pf ll‘) Utility Rquities..... Vacuum Ofl (14% ) Venezuela Ptm(30e)’ Vick Financial Corp. Vogt Mfg Co (3). w % Yukon Gold Zonite Pred « RIGHTS Asso Tell Util Ind Ter 111 ON) Ludlum Steel We announce the association with us of MR. GEORGE R. SUTER WESTHEIMER & CO. Members New Yark.Slack Exchange and other principal exchanges. FINANCIA a Bales— d Rate. Auoo.mn.mg,'n. u- ll; - o 3 L S T VY V1< 5 o - - B AORERBRORRNR-R ANS R o PR e 17T % % % % 2 1% 1% 1% 1% stock. d Pay: CHICAGO LIVE STOCK MARKET. CHICAGO, April 7 (#) (United States Department of Agriculture).—Hogs— Receipts, 35,000 head, including 12,000 head direct; 15820 higher; butchers showing most advance; top, 10.65 paid for 170-180-pound weights; bulk, 230- 240 pounds, 10.00a10.45; butchers, medium to choice, 250-300 pounds, 9.85a 10.40; 200-250 pounds, 10.00210.65; 160- 200 pounds, 10.00810.65; 130-160 pounds, 9.75810.60; packing sows, 8.85a9.50; pigs, medium to choice, 90-130 pounds, 9.00210.10. Cattle—Receipts, 13,000 head; calves receipts, 2,000 head; heavy steers in moderate demand, but light kinds slow, easy: 15.00 bid on weighty steers; small packers sold at 15.10; she stock steady to weak. Slaughter classes: Stee good and choice, 1,300-1,500 poun 13.25a15.25; 1,100-1,300 pounds, 12.75: 15.25; ,100 pounds, 12.00a15.00; common and_medium, 850 pounds up. | 87581215, Fed yearlings, good and | | choice, 750-850 pounds, 12.00814.75. | Heifers, good and choice, 850 pounds down, 11.00a13.50: common and me- dium, 8.00a11.00. Cows, good and | chotce, X common and me- | dium, 6. low cutter and cut-| | ter, 5.0026.50. Bulls, good and choice | Ubeeh 8.0029.25; cutter to medium. 7.00a8.35. Vealers (milk fed), good and | choice. 9.50a12.50; medium. 8.00a9.50; {cull and common. 6.50a8.00 Stocker | L. Real Estate Investments JAMES Y, PENNEBAKER Nat.5201 1520K St.N.W. Security Salesmen Wanted Two expetienred security salesmen de- jired by a reputable investment banking house “of Washington. Please write, glving experience and’ reference, after which appointment will be made. Re- sponses will be treated in strictest con- fidence. Address Box 385-H, Star Office BUSINESS INSURANCE A New Low Cost Life Contract 0.000 Protection Insurance lumhely Twenty Years All Branches Transacted LEROY GOFF 1036 Woodward Building Nat'l 0340 First Morlglge Loans Lowest Rates of Interest and Commission "I"homn J. Fisher & Company, Inc, TRUSTEED SHARES the IDEAL INVESTMENT for in. 0 nd — SAFETY FIH of principal Specially 7 in: vestments funds Sold in Lote—$100.00 Up Call or Write Standard Collateral Shares Corporation Woodward Building. Met. 8783, EASTERN UTILITY INVESTING CORP. Class A Common Stock Selling on New York Curb at less than seven times 1920 earnings—3$228 per share. Epe- cial anaiysix on request. Inauiries invited. Price at market net. Recommended. Courtland Nixon, 1518 K St. National 1926, ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 64th Issue of Stock Now Open tor Subscription Money loaned to members on easy monthly payments J-mu F. Shea James E. Connelly President cretary Loan Applications Invited at Current Rates | and feeder steers, good and choice, all weights, 10.00a11.50; common and me- dium, 8.00a10.00. A wild animal, said to be of an un- identified species, has been killed near Jericho. i Telephone National 5500 STEIN BROS. & BOYCE ESTABLISHED 1853 E TAKE PLEASURE IN ANNOUNCING THE OPENING OF NEW AND MORE SPACIOUS OFFICES ON THE GROUND FLOOR OF THE WOODWARD BUILDING WE CORDIALLY EXTEND AN INVITATION TO OUR PATRONS AND FRIENDS TO VISIT OUR NEW HEADQUARTERS AND TO AVAIL THEM- SELVES OF OUR INCREASED FACILITIES FOR THE HANDLING OF A GENERAL INVESTMENT AND BROKERAGE BUSINESS STEIN Bros. & BoycE ESTABLISHED 1853 WOODWARD BUILDING WASHINGTON, D. C. MAIN OFFICE: BALTIMORE, MD. MEMBERS NEW YORK STOCK EXCHANGE NEW YORK CURB EXCHANGE (ASSOCIATE) BALTIMORE STOCK EXCHANGE LOUISVILLE STOCK EXCHANGE 0‘ Interest | on improved property in the Dis- trict of Columbia and pearby Maryland. Prompt Service —Minimum Charges SHANNON: & LUCH 1435 K St. Nat. 2345 First Mortgage Notes FOR SALE In Denominations of $250 and Upwards JAMES F. SHEA 643 Louisiana Ave. N.W. Refinancing or Construction of Dwellings Prompt Answers BOSLERELPS 1417 K St. N.W. Nat. 9300 Reinvest Your April Dividends in 6/27 Guaranty First Mortgages Make your April di checks do extra work by inv ing them in our Safe 6%, % First Mortg: Guaranty First Mortgages are secured on improved real estate and backed by our $3,800,000 resources. In denominations a. low as $250 Si in, or Send for Booklet eF “The Success Plan” May be Purchased on Monthly Payments REALESTATE MORTGAGE & GUARANTY CoRPORATION CGapital Resources over $3,800,000 24 JACKSON PLACE %%%WW