Evening Star Newspaper, April 14, 1930, Page 15

FINANCIAL. UTILITIES FEATURE TRADING ON CURB|.zzr Market Irregular, With Weak- ness in Chain Store and Copper Groups. BY JOHN A, CRONE. Special Dispatch to The Star. NEW YORK, April 14.—Public util- ities starred in today's irregular and sglower curb market. Contrasting with the strength in this group and in the investment companies was the weak- ness in the coppers and the chain store shares, ‘The old m-~rket bellwether, Electric Bond & Share, was trotted out early in the day to set the pace for the utiiity nn. It reached a new high record by passing its previous mark of 113%, but failed % carry along with it Amerxclu Superpower, American & Pox:ign Power and some of the other leaders. United Light & Power A bettered its {fi'evlous ak, as did Cleveland Electric lumina Commonwealth Edison and Amencan Light & Traction then pointed higher. Cities Service in the forenoon slipped fractionally as Gulf Oil of Pennsylvania and Cosden Oil were progressing. The low-priced Mexico-Ohio Oil, subsidiary of Ohio Oll, reacted Xollowlng ‘Texas advices denying the bringing in of & big well, as previously reported, and adding that a new well was drilling be- low 4, 000 feet. 2y HE EVENING STAR, WASHINGTON, D. C, MONDAY, APRIL 14, 1930. FINANCIAL. RANSACTIONS ON THE NEW YORK CURB MARKET n the sold lcin-.s. to be -rm 1930.~ m High. Low. Dividend mu At 13% 8 Aero Supply Mfg B). 24% 19 Agfa Ansco. 214 Ainsworth Mfx $3%. Alr Investors vte. Aluminum Co of Am Alumin Goods (1.20) AmCP&LB lblbi' AmCwith PA bJ0% Am Cwith P B b10% Am Control Ofl Flds. Am Equities Am For Pow Am Light & Tract Am Natural Gas. Am St Pub 8(A) Am Superpower (1). Am Superpow pf (6) Am Super 1st pf (6) 1 Am Transfor (1.40) IZO.I « 3 Am Lt & Tract (10). 476s 43 Anglo-Am vot (T3¢, Anglo Chil Nitrate. Arcturus Rad Tube. Asso Gas & Elec, n Asso G&E. A (] fl)) As fots | —Prev1930.— _Stock and High. Low. Dividend Rate. Add Ina Torr Tila ON (AY 28 0% Ind Tere Il OIl (3) 27 Insull Ut In 24 vf. . Insurance Seo (1.40) Intercontin Internal Util A(l li) loternatl Ot Internat] uul Interstate Bquities. . Interest Ba ov of (3) Ints ate Pwr pf(7) Irving Atr Cb (1.60). Italian Superb war. . Italian Superpow Johnson Motor Co. Kirby Petroleum. Klein (H)pt pf & Kolster-Br (Am 8h) Koppers G & C pf () Lackawanna Sec(4). Lane Bryant. Inc(3). Lefcourt Real pf (3) Lehigh Conl&Nav(n) Leonard Ofl. Lerne. Stores (2)... Libby McNell & L. .. Liberty Dairy Prod. Lone Star Gas (1)... Long Isl Light(80e). Lovuistana Lan & Ex MacMarr Stores (1), Magdalena Syndicat. Mfgs Fin Co v.t.e Mayflower Asso Memph Nat Gas Ce 1 Mer & M S A (1.50). 267, Mesta Ma Co (11.70). % 1 942,800,000 Necessary to Supply Needs first half hour, A i for 476,700,000 barrels of gasoline dur-- —-rnvuu ( Ulen&Co.......... 2 204 Uugerleider ¥ Corp. % Union Tobacco. Utd Lt & Pwr A (1). Ut Lt & Pwr of (6). Unltfil.h‘ Mch (13%). | GASOLINE DEMAND FOR 1930 ESTIMATED |» Barrels 1 During the Year. h By the Associnged Press. demand within the United States| Stock and Bales— Dividend Rate. Add 00. Open. High. Low. opencd 82; to 82%; September, 86 to 86%4. ~Prev 1930.~ Low. 20% 10% Stock and Divi 'lcuun Ot (14%).. Venezuela Ptm(30e) Viek Financial Corp. 8% Waitt&Bond,B(1.20) Walgreen Co.. Walgreen Co war Walker (H) (1) wnun (W) Co. len Copper. West Air Exp (60e).. West Tab & Sta (2).. White Eagle Oll rts. Winter (Benj). “Y" Oll & Gas. RIGHTS Ind Ter 11l O} 15 % % 2 1% 1% 9 1% 1% Dividend rates in dollars based on last quarterly snnusl payment. *Ex-dividend 1Partly extrs. 3Plus extrs in stock. nh;:‘nu 63% in cash or stock. b Payable in stock. d Payable in preferred st GRAIN MARKET CHICAGO, April 14 (Special).—The ‘heat market was lower today under selling influenced by general showers es ala ok g T 0 ¥as also a contributing facter, May Declared | gpened 1.10 to 1.09%; ‘Weakness in Liverpool July, 1.11% to After 11; September, 1. 13’/¢ to 1.13. July, May, 1.09%; 10%,; September, 1.1315, Corn was weak with wheat. May July, 85 to 84%; 82Y,; July, 85; September, Oats were weak with other May opened 44 to 433/4, July A After first half INVESTMENT TRUSTS NEW YORK, April 14 (#)—Over the counter market: Aftiiated Inv Inc. Do A—15 BANK CLEARINGS. NEW YORK, April 14 (Special).— New York bank clearings today, $577,~ 000,000; & year ago, $662,000,000. New vm bank balances today, $134,000,000; 8go, $145,000,000. New Ym'k h leral Reserve credit balances $124,000,000; & ypar ago, $124, ODO 000. Real Eahh Loans Made Money to Loan Secured by first deed of trust estat Pre ing Illcl‘ll‘ and “--":‘ll. 3 Joseph I Weller 45 7et, &4 Tram Established 1899 MONEY TO LOAN 6% Interest Pore "FLACING *Or HENEWIN golll FIRET AND SECOND TRUST Conwl: WELCH Realtor .0/ STECIALIST N. Wm. Gordm': Buchanan Councilor & Buchanan CQ"M Publie Ml'lnlllfi Nmom:l 61 NHMZI.! (Telephone Directory Omission) BUSINESS lNSURANCE or Hitsstration ™ fnsurance lul-llnl Twenty Years All Branches Transacted LEROY GOFF 1036 Woodward Building Nat'l 0340 BERE Bocks Hota "Gorp. Bansicilla Corp ... , Real Estate Investments JAMES Y. PENNEBAKER Nat.5201 1520K St. N.W. Provisions were weak. Mid Sts Pet v.t.c. Mid Wst Ul (b8%). Miss River F Cp war Mo Kan PL (b10%). Moh Hud P 2d pf (7) Montecatini deb rts. Monroe Chem (1%). Morison Elec (31) Mountain & Gulf 8 Mount Prod (1.60) Munieipal Service, Nat Amer Co. First Mortgage Notes FOR SALE In Denominations of $250 and Upwards JAMES F. SHEA 643 Louisiana Ave. N.W. Blue Ridge cv pf Bower Roller Bear. . Brasil Tr & Lt (3). Bqumhle Fin Corp A’ Pederated Cap com. Do_Units. Brown F&W, B 2.40.. Buft, N&BP Df(1.60) - ko NE e~ o 3 5 Incurance Trust S Inyestment Co of Am Do pf. Investment’ Trist Assoc Investment Trust of N Investors' Trustee Shar © Nat Pub Sv A (1.60). Nat Rub Mach (3) Nat Screen Serv (3). @ First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Ine. Women are proving formidable rivals to men as window dressers in London. Nobcl (Oscar) e SnravhmraaSTe~tn anberrY(JJ)Dl('l). New Brad Ol (50¢) New Jer Zine (14) Newmont Min (24 o g Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes Bearing 61,9, Interest In Denominations of 4280.00, $500.00 and $1.000.00 consutt WELCH Reateor Loan Specialist National 15th & N. 4% Centrifug Pipe (60¢) 2% Chain Stores Dev... 12% Chain Stores Stock. 23% Chatham Phoe Al n-v 22% Chem Natl Asso n-v. CET T Pigeon Insurance vorRooBoerr ERorrnra o o el & o TR~ Circling in the lir above a tall Chinese pagoda, a_carrier pigeon in the Celestial Klur om set off for his destination—and as he flew a small bamboo whistle attached to his foot gave forth a shrill, strident note. That was the protec- tion devised by the ancient Chinese against the predatory hawks which would othemu seize their messengers. Nlll Hud Pw A war. Niag Hud Pw B war. Niag Shares Md(40¢c) Niles-Bement-P 133 Noma EI Cor (1.60).. Noranda Mines (3).. Northam W ev pf(3) No Am Aviat A war. North Cen Tex (60c) Northern P L (15).. North St Pwr pf (6). North 8t Pow A (3).. % 28¢ Com’with Edison (8) % 3% Comwlith & Sou war. 12} Com Wat Ser (b6% ) 15 Consolidated Aireraf % Consol Auto Merch s mrSeoneee s 90% Con Gas, Baito(3.60) Gas Ut ?l! 30) © ] & .a»—2§~uu»$ma=.an B3 0 We Recommend 6127 Guaranty First Mortgages Fortunes Are Founded on Accumulation . . . NOT SPECULATION Outbeard Motor Pac Coast Bis pf 3. 1% Penns Wa & Pwr (1) Peop Drug Strs (1) Peon LAP A (a3.40 to carry a large percentage of your funds in this class of security. Denominations as low as $250 Monthly Payments if Desired Send for Booklet, “The Success Plan Real Estate Loans REALESTATE MORTGAGE & GUARANTY CorRPORATION Capital Resources, $3,500,000 24 JACKSON PLACE 7102 273" 55 135 lflfl“x 97 Caterpiller Trl:lor 1o:= 1 Zent t, Eleo i) Bt 08 alE~ Pub.Ut Hold Cp war. Pyrene Mfg (302).. Radio Prod (50; Railroad Share: RainbowLumProd A RainbowLumProd B Reiter-Foster (40¢).. Rel'nce Managemnt. Repetti Candy. Rep Steel cum p! ®) Reynolds Bros Inc. o S Manhat PARIS BOURSE PRICES. PARIS, April 14 (#).—Prices were unsettled on the Bourse today. Three per cent rentes, 89 francs 20 centimes. Five per cent loan, 103 francs 15 centimes. Driver Harris(new). Dubtlier Cond&Rad. Duke Power (35). Durant Motors. 4« Duval Tex Sul '-l-..q East Gas & ¥ Asso.. East Sts Pow B (1).. Eastern Utll InvA.. Eastern Util Assocv Eisler Electrio (1%) El Bond & Sh (b6). . B Bond & Sh pf (6).. Elec HouseUtil (2).. Blec Pow Asso (1) Elec Pw Asso A (1).. ElP& Lopt war.... Eleo Sharehldg (31). EBS, IncAn-v(2). Empire Pwr Corp(2) Emp Pub 8v A(1.80) Eureka Pipe Line(4) Buropan Elec (The). Euro El, Ltd deb rts. Evans Wallow Lead. Fabrics Finishing. . Fairchild Aviation. : X ing 1930, calling for a domestic crude |44; September, 43 to 42%. After first NEW SECURITIES : 34| ot production ot 042,806,000 Darrels, | ‘hnllbhou{zaMly 433,: July, 441,; Sep- ttee ember, 2 NEW YORK, Aprl 14 () —New se- oy ouay hyieconmittesTon J curity offerings today include t: ilbur, mad T e e public by the Pederai Oll Gonservatjon| MARYLAND TOBACCO SALES. per cent convertible gol 7 7 7 |Board, the committee indicated that| RE, April 14 (Special).— Dotes, dated April 15, 1930, and due 7 S 7 deepite an increase of 9 per cent in the| Re‘:gkgmg mrfnnu P L) o April 15, 1933; priced at 100 and inter- AviRtion Secnritibe. . demand for gasoline over 21020, the es- slightly larger last week, totaling 85 est; offered by a banking group headed ReTAG . timated requirements can be lmply’ hogsheads, while sales of 34 hogsheads by Harris, Forbes & Co, ahia Corp pf....... provided for by present ofl develop- | were reported, leaving a stock in State Province o:f’ New Brunswick, Canada, ments. warehouses of 2,311 hogsheads. $4.250,000 43, per cent sinking fund In allocating production requirements, | ~ The market holds firm under a good debentures, of which $1,100,000 mature adjusted to relate to the last nine|demand for all hogsheads packed in April 15, 1940, and $3,150,000 April 18, months of 1930, the committee suggest- | good, sound keeping condition. 1960. The 1940 maturity is priced at %|ed California produce 610000 barrels |*Saies of Southern Maryland tobacco 99'2 and interest to yield more than of crude ofl per day, Oklahoma 655,000 | Jast month consisted of 113 hogsheads, 480 per cent, and the 1960 maturity barrels, Texas 750,000 barrels and all | containing 76,045 pounds, at an average at 98!; and interest to yield more than other States combined 480,000 barrels price of .2245 per pound. This com- | 485 per cent. Offered by a syndicate per day. The committee further sug-|pares with sales of 150 hogsheads, con- T ybei bonduion RecLYUMTOGKS gested that 78,000 barrels per day be | taining 102,870 pounds, at .2328 per ? taken from storage. pound in February. Prmimz of nuenus Alres, $3,675,000 mis of 1930, dated February 0, and due August 1, 1961; priced at 951 Bwana M Kubwa. NEW YORK COTTON (gnteror, 7 :&12 cgg‘ msc‘:r\‘{nzdhggmg& and interest to yield 6.85 per cent to Cable Radio T vte. NEW YORK, April 14 (Special).— | medium, 31.00a40.00; good to fine red, maturity. Offered by the First National Cab&Wire LtdXs rots Cotton prices at the opening today | 41.00881.00; fancy, 51.50852.00; seconds, Old Colony Corporation, Continental 4 3% Can Marconi. st o G common. to good common, 7.20; me- Illinois Co. and others. I 51 Can Pacific(new)w.i. again pushed against the advice of | 3" 50, good to fine, $1.00240.00; pe?ign:xbfr}df‘fite?;irflli:sfa%%n -‘r:a 26: g::a:.“%:.(lx.fi‘)" brokers. With 90 per cent of the ana~ | ypper country burley, nominal; ground due April 1, 1932, to 1960; priced to'yield | 3 23 Celan: B lysts picking the market as ripe for leaves, 6.00a24.00. 4.50 per cent. Offered by a group com- buying, the list opened off 7 to 11 posed “dl"f',i“‘“ Bros,, E. H. Rollins & points under heavy liquidation by the ang ers. gfate of New Mexico $1,000000 5% South and by local commission houses. 6 per cent highway debentures, What support there was came from the da!et?l J:null?' 1, 19301 ll‘;gsm':"im‘g trade and from overseas. December, serially from January 1, 3 3 inclusive. The 512 per cent debsntures new, was offered in lfrle blocks. are priced to yield 4.70 per cent and Opening prices were: May, 16.27, oft the 6 per cent debentures to yield 4.80 10; July, 16.28, off 11; October, old_, per cent. Offered by B. J. Van Ingen 1539, off 11: October, new, 15.16, off 8: & Co., M. F. Schiater & Co,, Inc., and December, old, 15.63, off 7; December, others. new, 15.33, off 7; January, new, 15.37. off 7; March, 15.59, off 7. Wall Street Briefs CHICAGO DAIRY MARKET. CHICAGOi April 5’}3 ‘(R:.—Butur\— Steady; receipts, 11, ubs; creamery Byz:;t‘;mac:;;: Z::r.;ormon of Chicago ext:nd.y 3T l(:ndll’dj. 37; extra firsts, has uf,!]ered swckhgldera!géé‘:co:? A'g‘l:’f :;;30%: firsts, 3412a35); seconds, 31 24 rights to purchase onal st 3 4 3 at $10 a share on the basis of one share 2% bl P el This ingenious device may be all right for O e o Mten e R SRl 97H = ::;:;‘,3: i Ffi;?.:"':wi:g‘z | pigeons, but for human beings it is a different expire May 14. 177% packed firsts, 26%; extra, 2715 { matter when it comes to investments. Shouting Unfilled orders of Duesenker(. I:fi“ 5% -:;i loud noises will make no dlrfference in the subsidiary of the Auburn Automobile ) safety of your investment unless you pause c:., are :tum;xm: for '.hneL hpslnr:zcct;dmx; U. 8. TREASURY BALANCE. be;"are In]nd to pick out thned type of lnvnu’nent at capacity for two months, ‘The United States Treasury balance, which will protect you and your estate from H. T. d’“‘fi" “Fu'l g;eix:::l:éd %":fi “{announced today as of close of busi- the speculative hawks who are ever present to mum production Wi ness April 11, was $284,083,235.32. Cus- swoop down upon you. departments this week, he added. |toms receipts for the month to date were $15,275,178.67. Total ordinary ex- BONDS ON THE CURB pendnuru‘ $10,267,675.31. v The first mnr(llze notes sold through Swart MARKET. zell, Rheem l:;‘d el:iny' (i:mpnlliy are insur- B ance against the raid of these haw Salesin, ~DOMESTIC BO NEW YORK BANK STOCKS your hfe’hmehandblfm‘ T v RUDENT d B es in | men and women whe NEW YORK, April 14 (#).—Over-the- their safety has been proven over sixty-one B A muin 2w 65 40 :}" }'"' :.a‘n % Cresso: e) I I ) Perryman Elec Co counter market: © i {'eln and their return at 6% is constant. fret D003S Shetr, tunds in these SAVE ,',’ g:,f'}:,h,,g: Rl i = Petrol Corp (1% ou would do well in building up your estate | ol T X 13 ABseacnfns o as s 13458 gh| 2 oo} e LR LS e are secured on gD 2 Arbaiachisg o0 is 180 i B s gr“m-g;,s.m;g;}"- =) 001000 esoutocs. A Pittsbgh Forg (1. “Gnt:llnly frst morteares offer an Sl ol o Nacritiew Our officers will be glad to consult with you e 'm Darby Pet (1). . Prince & Whitely. concerning your investments at any time to Dayton grt‘tn 1 Prince& Whitely suit you convenience. el UL Prudential Inv. Do Forest Radior s 11 EUblI S Bl s WARTZELL, RHEEM & HENSEY Co. ¥ 300 MORTGAGE BANKERS e 727 15 STREET N.W. WASHINGTON D.C. 61 Years of Prompt and Unfailing Returns to Every Investor Ryan Consolidated. . % St Anmony Gold.... st Pa @ OLDEST Natsonal Bank sn District of Columbia More Than Prestige and Standing —follow affiliation with such a bank as this. The Metropolitan is the OLDEST of the District’s na- tional banks, and draws upon the experience of over a century of successful business, in meeting your banking requirements. - Srlnorrrarn R e Sean e S~ o e Selected Industries.. :ol Indallotefs 6% . aanenBoa 83382 2 65755 a0 w:‘-: & Phila Eleg Sts /7., 108 5 2 g H Film Inspect Mach. 3% 24 Firemen's Fd Ins (5) 102% 102% Foote Br Gr M (1.20) 1 % 184 184 So Cal E4 DfB(l%)- Fokker Afrcraft. 28% So Cal Ed pf C(1%). 86% So Col Pow A (2) % 50% Southern corv Ford Mot of France.. 10 1% Ford Mot. Litd 373%c. 19% Fox Theat Cl A. Foundation For Shs. Fren Line B (3.5¢4).. Galena Signal pf old General Baking.. . 86% Gen El Ger rets 1.92. 10% Gen B Ltd rets (50¢) 21 Gen Empire Corp. . . 85 Gen Gas&Kl ev pf(6) 89% Gen G&Eov pf B (6) 8 Gen Indus Alcohol. . 6 Gen Laundry Mach.. TSRS Women Are Good Judges of Value! ‘We are catering thought- fully to wives, mothers and sweethearts . . . these days ... Such enticing styles in Rogers Peet fine clothes. 53 8352533325332 SrmorpmnSe fNew business is ever welcome at this veteran bank. We'll be glad to handle your accounts— Checking and Savings. Open Until 5:30 P.M. April 15th DIRECTORS Arthur T. Brice F. R. Ogilby Fredk. Da C. Faust l Reilly Wm, F, Gude rancis Riggs Chas B. Hawley leblrl T. Shannon A. A, Hoahhn' H. C. Sheridan Chas, Jacobsen Thos. Somerville O. H. P. Johnson Merle Thor R. M. Kauffmann Walter R. Dr. J. Thomas Kaelley, Jr. John C. W, Maj. Honry Leona Henr. A. Willard, 2nd A. Lisne W. K. Wimsatt Arthur A. O’Brien Geo, W, wmu oSee: iy - po-® = Compound Interest 2 X Paid on Savings s D & Pow bs 'g"’l lg: 60 103 FOREIGN BONDS. Agr Mtg Bank Tl 47 98% l Baden Con Mn 7s '51 96 i "prov 78 52 Ruen Al Bio%s 47 1000 And because women are mighty fine judges of values we’re watching our step in price fixing on cl; ful merchandise. Rogers Peet Suits $45 to 875 Scotch Mist* Topcoats 860 & $65 *Rep. U. 8 Patent Office Meyer’s SHop ' 1331 F St OFFICERS: GEORGE W. WHITE, President O. H. P. JOHNSON, Vice-Pres. A. A. HOEHLING, Vice:-Pres., Trust Officer & Gen. Counsel C. F. JACOBSEN, Cashier R. P, HOLLINGSWORTH, Asst. r. Officer C: E BRIGHT, Asst. Cashier EDFORD, Asst, Cashier & L ECRIGHR dants Canmian National Metropolitan Ban Capital, Surplus and Undivided Profits, Over $2,300,000.00 15th St., Opposite U. S. Treasury—116 Years Old - Stein Cosmeties Ine. nite Radio. Stinnes (Hugo) Stroock & Co (3 2 & E = e Sun Inv.. Sun Inv f ( Sunray Ol (40e] uek"mnn e " CI TIPS SR PN B -§z§§=§= 22 Sevses [ Swift Intern1(3%)... Syrec Wash M B (1). 8614 Guardn Fire Asen(3) 1 474 474 4TH 19 Taggart Corp (1).... 181% Gulf Ofl of Pa (13). ‘Technicolor. 1n6. . . . 28 Guenther Law (3). .. Tenneasee Products. 28 Gypsm Lime, A(1%) Tezxon Of] & Land. .. % Happiness Candy.., Thermold Co (3). . 10 20 Heyden Chemie (3). Thermotd cum pf(1) u- 3 Homnlkor %o’}a uu) T."o‘n:::.:l ::i'n'ln “ 2% Homaokla 4 4 . 8% Hudson Bay M & % 11% 6 TranCon Air Tran.. 23 78 Humble Ol (3). 1164 115% Tr-Lux DLPllAl. 5 83 524 Tri-Cont Corp war.., 6 104 10% Tri Utilities (tl.l.). 3 28% 284 Tung-SelLamp (3w 1 & F FES 882322V IBVINY: & —With warrants. ::—w&huu: warrants. Vi-When lasued. 24 m’“‘-““”"-‘