Evening Star Newspaper, April 17, 1930, Page 13

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THE EVENING STAR, WASHINGTON, D. C, THURSDAY APRIL 17, " 193! D.C.EXCHANGELED [T NEW YORK STOCK EXCHANGE | [STOCKS IRREGULAR °°"PE’V‘V.ST“HL%SU¥'?,?‘¢§%E}".u,.fii?:f’i.*::i‘%?;:;%@: T 3 tock Received by Private Wire Direct to The Star Office. By the Associated Press. any. Payable May 13, 1930 10 miocks d°of ally d to 3 NEW YORK, April 17.—With the 4- | 32 Temeals rust undred share Prev, 130, Stockand Sales— IN PR F"- IAK'NG cent cut in copper prices, sales during ““"'um. o be malled. 'xl:nle;boon witl nn; 2 ‘-nia L::. ,;a e ”'L.a..' . 1930.~ g LADD, Treasuter, in Lote—$. thoss designal (858) (ll:‘).. Tigh. Low. Dividend . 3:88. Close. the past week were slightly better than B o Call or Write wl only. 7 T . % in the preceding week and inquiries SRR e m“g;“‘""‘:’:")- - showed general improvement states Stnndur% Collateral Contl Can (33%)...es 3 oo Bt I s m o tl Dia Fibre (3) f T d F "s ofi Metal and Mineral Markets. Ca orp Stock Closes at 107 After|men vow. Dividend Rate. Add Low. 8. Close. | 343 o o 3¢ . Volume of Trading Fal Foceli tales of Eoghier yRlREREyWate rd Building. s 42% 22 Abitibi Power & Pai Tow ov | TT% Contl Insur (3.40). v 13 s,y far the largest y [ i ; Day’s Turnover of 167 | &* &* 2:’.‘.’.’.’1::&‘:‘4‘ i : as Prices Sag in 42y’ Disidess” e Jast September. 110 104 abra 107% 108% 5 Buying on domestic account was Q’flm"l‘)—-‘ Shares—Other Notes. | 7% ‘334 Asams mxse s 3 a0 | G T iy : o8 Selling. b First Mortgage Loan 9 Carpet. .o i — 23% 11% Advance Rumley. 20 ¥ 19% M to Loan 4 e Crostes Radio (1), e oney to Reasonable lc-m sty BY EDWARD C. STONE. e e 2 1 ': 1 Crown Cork & Seal. . By the Asesciated Prese, Secuged by fret deed ot trast on resl extate. Courteous Treatment APPIIC“W’" i Crucible Steel (k§). . NEW YORK, April 17.—Curious cross Interest mission. ‘ o Tn the final trading of the week on el 7 Prod currents of prices ran through today's | g 5 1"“70“" THOS. E. -’ARRELL CO. Invited at ¥ the Washington Stock Exchange, Mer- % 2% i stock market in reflection of the usual | JOS€P Bl REALTOR! lative o 721 10th Street N 0765 genthaler Linotype took the lead in 116% Alabama & Vicka(8) 1008 120 120 pre-holiday readjustment of specu 8 eoe accounts. The market presented a re- e e R volume of turnover. The stock opened L4 Alvany 1 W Paper... 3 1% 13 9 7 7 Setionary appeatance during the mom- || Wm. Gordon Buchanan 1 A 8t 108 and dropped by fractions to 107 95% Alleg Corppf (634 e 2 ing, when selling pressure was renewed « ENTERPRISE SERIAL at the close, the day’s transactions in- 84 1 . against the rail and copper shares, but i hanan volving nine sales fotaling 167 shares, | sow ey ool 5{,’ z;,‘.‘.:fi’*', the general trend turned upward in Councilor & l;,' s BUILDING ASSOCIATION T The last sale of the day was a block of 255% Allled Ch & Dye(n§) a t e Llp 4 the afternoon, with the farm imple- Construction Loans Riggs _National Bank stock was 49% Allis-Chalmers (3).. forefront of the advance. (Telephons Directory Omission) “h of Stock Now Open Subseription appearing on the board, 20 shares sell- 3 Del Lack & W (#7)... 1 140% 5 1508 H St. N.W. pERES 2 &F pf (1).. 608 123 30% Dominion Strs (1.20) 4 264% 2° 2 Afternoon Gains. | Courtland Nixon, 1518 K St. N.W. Nat. 1926 easy molflnly payments of Peoples’ Drug Stores preferred also | 15 5 Dunhill Inter (34) 11 8% early stock split-up. Vanadium Steel | 100 shares. 26% 121 Allled C& D pf (1) omt 2 2 L > - ? 1§ | ment and merchandising shares in the National “mfl“_un 7th St. & La. Ave. NW. strong, five shares commanding 533. 421 281 Alpha Port Cemt (3) Trading was only moderate in volume. . Washington Mechanics Savings Bauk| o 0 1L 4 s o . i ¢ many for ‘was the only other stock of this class 18 At an oty o 2 2 ) 7 ?ru:de:f néhia:uygm:‘::?r P e IVESTMENT STOCK e G].OVCI‘ 83 Flather k " = THERMOID €O Pfd.. Convertible I C D0 MDiilsty.ny ehares o Lan- Apmesicn " b Datrort Edinon (8).o 2 242% 242 guer he three-day Stock Exchange | SlockVon ot gxchanse: visds over % Money loaned to members on ton Monotype sold at the recent price| & Shoe(2.40) : ; Diamond Match (8). 10208 208 Recotmends Potomac Electric Power 515 per cent| $% Am Brown Bov Eles. 14 20% 3 0% - Drug Corpn (4). 19 84w 83 8 J. 1. Case jumped nearly 10 points to | — . —_— = Shes National 1753 preferred sold at 1087, while 20 shares 6014, Am Brown BE pf(T) 408 7754 T 7 Duluth Sup pf (4)... 208 4 4 a new high at 319% on rumors of an WA W James £, Oennelly Jagmee 3. changed hands at the same figure. 6 6 Duplan Silk pf (8)..3 108 jumped more than 9 points to a new % Forty shares of Carpel Corporation sold | 69 Du Pont de N (14.70), 40 « top above 128. ‘Allied Chemical il 3 % at 26% s Duquesne 1st pf (5). 2 Houston Ol each sold 8 points higher. | ¢ In the bond division $2.000 Wash- 3 BE 08 7 s Eastman Kodak, Best & Co. Worth- 1 n Gas 6s, series A, sold at 102; 19% Am Com Aleo(n1.60) P 8 4 2 2% | ington Pump, Consolidated Gas, Loews, Did you ever have tire $1,000 City & Suburban 5s sold at 83 82% Am & For Power 200 1 s . 2 | Diamond Match, Checker Cab, Auburn | trouble when you wero and $2,000 Capital Traction 5s at 96. 107 Am&Forn Pwr pf(7). . Elec Auto Lite (6) 37 109 ’ Auto, Freeport Texas and Western | in a hurry? 3 i The unlisted securities were called off 95 Am&Forn Pwr £ 9% 9 Electrio Boat....eve 18 Union were marked up 3 to 5 points, | We take yleaaure in announcing that and showed no important changes dur- 19% Am Hawalian8 8 (. El Pwr & Lt (1) 126 % | the first two touching new high levels | AVOID TROUBLE | ing the week. s Am Hided Lea pf. .. El Pwr & Lt pf (7). .« for the year. Oliver Ft;rmci;‘qulpmem | 7 44 Am Hide & Leather.. 6 Elec Storage Bat (). Clark Equipment, Kraft Cheese and Bankers Oppose Senate Bl 555 Am Home Proae36) Emmerson-Brat A. « Raybestos also reached new high| [ Mr. Alexander McCook Dunlop At a meeting of the council of admin- 35% Am Ice Co (t4).uu. s 3 215 Endicott-John (5). .. ground. | gf;rtfil:nhr‘)ef '(Tu’i:;:m B-rlx:(iers":utg- 35% Am }:‘;n.n;!wu (l) 13 24 6 Eng Pub Serv (31).. Opening Is Lower. | » vesterday opposition el ¢ 2 Am oamite.. 3 9 o 2 1 1 1 Senate bill regulating the foreclosure of it 6% 6% = Efi,fl“fif;‘},’::::‘, The market opened irregularly lower | has become associated with us as assistant manager mortgages and deeds of trust in the 1% 104 AmLocoPf (Teeeewr 3 10 under pressure of heavy selling in prep- | District of Columbia was formally ex- 210 Am Mach & Fay ¢1). 13 274% aration for the three-day Easter closing. | i " o pressed and the committee on law and 112 Am M&F pf xw (1).. 208 115 9 Radio opened with a block of 10,000 | of our Wns}ungton office to be located n the legislation was authorized to appear at 43% Am Metal ¢ t ; Eureka Cac Cl (4). s shares, off 7, and American Telephone, | e ik “ Am P Fatrbanks Co pt. ... Sout about 1 point ‘each and Atchison Shoreham Building, Fifteenth and sagged %. American Water Works, however, mounted a point, Columbia clally for consideration of this matter, 77 Am Power & Lt (tl) 11 116% and action was taken following the 100 AmPow& Ltpf (). 2 103% ;:I.;b;:fi:i‘:::.(.'.’., Graphophone 7%, General Electric, Gen- H S"GG“ -Nofl.hwelt. on or eral Motors and American Can % to ‘/é committee’s recommendations that the 75 AmP&LDIA(3%) 4 84 Fed Motor Tt (300) . ‘The market displayed a slightly stea 5 HANNORHRNE BRHRDARRE AR Bankers' Association oppose enactment 80 AmPALDIAst(Ble 4 88% ? of the bill as written. Among the most 30% Am Ra&StdSanl¥%. 62 374 ok LA important objections expressed were the 20% Am Republies..e.... 7 33% Fid Pho Fire I1( fear that home buyers would have 80% Am Rolling Mill (3). 11 92 Firestone T&R(1. greater difficulty in obtaining loans of 69% AmSm & Ref (.o 17 T4 ot the size now available; that the bill 41 Am Snuff Co (133).. Fisk Rubber... R soutie” cAME. TeOGAl: Shikeée; enitt would tend to increase interest rates on Am Solvents Chem. . Fisk Rubber 18t pf. sharis Werk Sgatn shnt o Cover fu Bsat- such loans, and that rates of commis- 3 4« Fisk Rub 1st pfev.. 4 gomery Ward. | - . "Dmn lflfiggihg &ocsr"meorapmu"“ o iy e - c Although commission house advices Maynarc‘. Oal(ley & Lawrence From the standpoint of the lender, it 60% Am Sugar RIg (l).u A Foundation Co. = 9 p stated that some further reaction or ir- Il was_declared expenses in_foreclosure | 108% 104 ~Am Sugar Rfg pf(7). 2 FourthNatl Inv. o | Tegularity might be expected, Wall . | Members New York Stock Exchange would be increased; the delay in fore- 15% Am Sumatra Tt . %% Fox Film A (§4). fl';;ehe:lyw.l:oi'l:ee;:vdm?bl}:mg;g:y :‘Y ::: closing would tend to keep outside capi- 2 2 Freeport, Texas (46) ‘ weekly steel trade reviews, and the eas- New York Schenectady ,:1 ,ml,:‘ n:eelknmghems:m:tml ,fifi :;:é 97 Am Tobacco fl:)y' 4242 241 2 : Fuller 2d pf(17.40).. " ing of money yesur?ngthih the passing ROW N | 94 Broad S 331 S S tate 3 o Gardner Motor. of the midmonth tightening. ad Street tate Street ‘where small-priced payments now make 120 Am Tobacco pf ( Gen Amer Inves 5 5% Selling of Radio appeared to be profit i g it possible for many people to be home o S iy s Radio sppeared to be prof b 3 ad of renters, this law| 12 88% Am Water Wks (n1), n Am Tal (3! 9 g on pul n of the ancing ";};fi? ukl:lxsymdxsco?xrm selling of prop- 991 Am Water W 1st(§, 2 Gen Asphalt (4) plan. General Electric, which will ob- ONS tain an interest in Radio in excess of 40 erty on small cash payments except by oer cent, was bid up nearly 2 points, and emon':hr:c::“t:(r sale where the title remains % 8% Am Zine Ld & Bm. 9 United States Steel made a similar ad- 7% 56 Am Zine pt (6) 2 9 ance. Earlier Closing Issue Comes Up. 68% Anaconda Copr (7).. 279 71 G N m;'é 1.r 15:\!; :]b‘:u t“;h;o?n &uo&;nn.t L!:v; Next Monday afternoon at 4 o'clock 35 Anchor Cap (3.40)..y 10 Bi% ., TiS the Distriet. Bankers' Assoclation will i 304 AndesCopper (3)... 2 32% high. United Alrcraft rose 2 points in = response to report that it had acquired hold a regular meeting. The question 22% Archer-Dan-M (3)ew & 254 57 per cent of the stock of National Air B w1 e Tor CUBRAEEton, ; : : Transport, Vanadium cose 315, Mont- || Underwriters » Distributors ‘This tte) laced beft the » 2 Y local b.g’.'s .io&‘in:’e?;..% :’b.':f. but Cor G s trading. INVESTMENT shorter hours were not adopted, cause A ¥ Pri Ink pf (6 b- A B Dached a6 that, tiae: "Biace shen the ; oh Pub Svo (06). 5 % | FALL FURNITURE PRICES SECURITIES earlier closing idea has been adopted 85 As80DG 1stpf(8).ar $ Gen Ry Signal (5). 981 999 b7 & great many banks outside of 85 AssoDG 24 pf (T)ens Ity & O] TO SHOW NO CHANGES Washington and sentiment in favor of 219% Atch T& 8 Fe (10).0 4 283% 220% 233 Wit pelatd at’ the Wallhoran- thi rter business hours is believed 102% Atch T&SF of (5)..« & Geu Retrao (14%).. - ing, to be held in New York from June Wasnincron Orries I s b 59 AtlGuif & W Ipf(8) Gen Theat Equip vts 23 to July 5, will show little or no The idea is to close the doors to the 36% Atl Refining (13), 312 Glllette Saf Ras(nb) % change from present levels, it was in- 737 l’th Street N. w. public an hour earlier every day, so 314 Atlas Stores (1)....s p ¥ dicated yesterday. Manufacturers who e e T i e et i ol A H o e P K 36| At foe R be exhibited Tepors that - i Fund atten eir mail and other matters ndise 3 p A that need uninterrupted attention. 37 Auto-St n:nAm. 2 624 Y they follow the general style trend of — | 1rs g g Do Pt it s o G| W AisuenSorBuis & 8 : | e s o i i i wil | First Mortgage Funds inks close at o'clock, others al 0% 1dwin,Loeo (1.’ g % priced al A - 4 and on Government pay days at 5 111 Baldwin Locs bf () 1008 m:: Kot AT | Joterest in the opening is keener this | Matw Orrica = Batrimons At Monday’s meeting several commit- & 7 Goodyear 18t 5t (T)y a month earlier than usual. Demand | 3 2 9 Loans on residences and (et Monday's meeting several commit- 3, Gotham Silk H (3%) 3 2 : for merchandise for immediate deliv- | % M M g Fols ports before the annual convention. th 6% 6% b b ery continues slightly under normal. business properties in the Brawner Elected Vice President. A 100 | e I : i District of Columbia and nearby Maryland sub- 92 Bethlehem Steel (§). ; s 4 o B, Pryer” Jaking the place of 1224 Bothlehem Bt pf (1)4 ; urbs “""”1’ funds; to a \ S elley, 8o e e 5e % } ? % lower interest, prompt fer tone after the first 20 minutes of . trading, when support appeared for about May 1, 1930 United States Steel, General Electric > 3 H ) John F. Brawner, son of the late | 3 H Grand Stiver Strs (1) 7 7 (« John W. Brawner, has been elected 32% Bendix Aviation (3)s 2% Grand Union pt (3).1 vice president and general manager of Best & Granite City Stl (4)a 2 5 —— ‘Waggaman, Brawner & Co., n:: in- o st sase 43 P ey Y reasurer, 'n elect sec- retary and a member of the board of approvals; valuable pre- e e s s - | i P 310 e B aritiios 2w 2l First Mortgage Notes A O 1% British Empire Steel, Th - 1 A. McC. Dunlop has been appointed » b Loan Correspondent ree-year oans on 4% British Em 8t1 34 pf. Hahn Dept 8 pf (634), : . . . . 4 A nager UGN PRt 13" Brookway MT.uses HAIOWE) Printe(®) 1 in convenient denominations $100 and up GATMBTmAT L bttt N i 63 Bklyn-Manhat (4). . 4 anna (M A) 1st ( s 127 i it 4 members g‘xre the | N::nnyeoea:dsm R 10 Brookiyn& Queeas. . s 56 fi:ruw.lk.’rmmzam}- 71& Secured on conservatively appraised residen- amortization. zu&mg‘c:? :fl:ln:mg:rz::m;::nm}}%: i :‘:m‘;‘.‘::&"'.'f_’-' B._:::::eo‘w"."'_',a 8 tial properties (homes) in northwest section of e beoter 1a” S Eetinte. of Prince: 134 Bruns-BalkCol.oee : = b AL g Washington. s v - Bruns Ter e 2 . o cee . . - :m:m::eéneéflfuzfizfil?fid 2214 Buoyrus Erie (1)..ee 0% Hershey Choo BL(18), .The notes are not subject to fluctuation and active in several undergraduate organi- 33% Bueyrusev pf ll!i). . Holland Fur (e13%). risk of loss is eliminated. llander & Son. ... mtions, e is & member of the Chevy Bovdats Ber B 1) PHONE OR WRITE US—We will be glad to show H.L.Rust Company 2 6 H'hold Fin pt (13%). the properties om which these motes are secured, 4 & O. First Quarter Earnings. 26 Bulova Wateh m Houston Ofl. ... ene . 1001 Fifteenth Street National 8100 Chesapeake & Ohio Railway will re- e e 4 M d G Betablisbed 1889 Mach (1)es &Man Ry (3.60). K s B e o (308 com. 36 Bush Termnl (3%).+ Hudson Manh pf (5) = CAeever an 0SS mon shares. This would compare with 1004 Bush Termm deb (15 <1208 Hudson Motor (6). +3 s 3576 ' share earned on 1,180,040 shares| 4% 8 Butte Copper & Zine. 2 Hupp Motor Car (1)~ ealtors 3 in the first quarter last vear. 3% Butte & Superier. Illinols Central (7) .. 4 1415 K St. N.W. National 4750 Road's net operating 1 me was ad- 16% Butterick Co.... 2 2’ 27 2 Ind ldoll.o(’ A P i versely affected in February and March| 110 80% Byers (A M)e.cise 10 102% e ol Members Mortgage Bankers Association of America by reduced revenues from its coal traffic. | 7715 66% Calif Packing (6)eew, 74 Principal reasons for decline in coal ke 22 0% loadings were the unseasonably warm 24 Xndu-m(bi*lfl)- Pigeon Insurance anpese = o Sa3 weather and the smaller industrial de-| 3 ¢ 2 26% Ingersoll Rand (4).« mand as compared with a year ago. Inspiration (4)....« 7] Coal traffic on the Chesapeake & 212 2108 1o Insurance Shars 4604 7 Consult Us Regarding ©Ohio for the last week in March, how- 2 304 3 Interboro Rap Tran., . ever, showed a gain over last year, and 2 2 Interlake Iron (1)... 7 Your M afunng M ortgage. the 'road was one of the few in the 7 country to show an increase in ear ago. 28% it Agulrze ¢ Another factor tending to reduce 30% Cent Alloy Steel m. < Circling in the air above a tall Chinese pagoda, Chesapeake & Ohio’s share earnings in 31 Cent Alloy oufs (3) e ' % a carrier pigeon in the Celestial Kingdom set the first quarter is the larger number of 57% Cerro de Pasco (§) wa 7 Tnter Comb Eng pfow 1 off for his destinatio d as he fl t for estination—and as he flew a small shares outstanding as compared with teed Prod. 23 Intl Harvester (3%). bamboo whistle attached to his foot gave forth e }::"}";’l’;g‘,‘“‘,"h a shrill, strident note. That was the protec- Heard in Financial District. Intl Mer Marine (1)~ WE MAKE FIRST MORTGAGES ON tion devised by the ancient Chinese against the Jullus H. Barnes, chairman of the Int Nicke) of Can (1) Homes, Apartments and Business Properties in the predatory hawks which would otherwise seize ey e Dy e, Intl Nick Can pf (1) 1 District of Columbia and Nearby Maryland and Virginia their messengers. sources indicate that the emphasis laid s Upon Tepairs and betterments a8 a con- RANDALL H. HAGNER & COMPANY, INC. This ingenious device may be all right for tributing factor in the stabilization of pigeons, but for human beings it is a different business has been effective. Permits is- Intl RysCnt A et.... 1321 Connecticut Avenue Decatur 3600 matter when it comes to investments. Shouting :fid :rt;rw:lr;ls ;éx;;;:gset ;'how“ ?y sgl.xhur;; :n‘u !s-.llul)‘.'...).u.n and loud noises will make no difference in the 3 & ntl S{lver (18)....« the year the average daily permits for t Tel & Teleg (3).e ; safety Cof yoar Ivestaisat walew’yex” pause b e Wb nndyrgpeuu A 15t o Aee Mortgage Loan Correspondent before hn({ to pick out the type of investment increased 30 per cent. The stimulus given these activities has aided appre- ciably in relieving unemployment. The sixty-ninth meeting of the board of governors of the Investment Bankers' Association of America will be held at the Greenbrier Hotel, White {:5'.'.32':7.""325;: New York Life Insurance Company Z which will protect g’on and your estate from Island Creek Coal(4) the speculative hawks who are ever present to ?:-l '.II"- lv‘l:l. . swoop dowm upon you. ohns-Man Johns-Manv pf (7). 50! Laugh b4 o The first mortgage notes sold through Swart- SIS : National Metropolitan Bank o, Wneem awd ensey: Compans are ot Sulphur Springs, W. Va.. May 11 to 15, Karstadt (R) (1. ance against the raid of these i during ;’;:;“;‘::,m:r‘;‘g‘m‘,gg;g’g;';,,;ggflgy ¢ 7 Kaywer Julius 1814—Oldest National Bank in the District of Columbia—1930 Jour I::;flmhmd atter you pass away. for . = 4 Kelly-Spring Tire, 4 E ~ tl et; as been proven over sixty-one s A b A i Anre o K : 15th St., Opposite U. S. Treasury ars and their return st 6% Is constant. expecte Fuel & Iron it . Yo 1d do well in buildin our estate d to attend. 36% Col &~ ‘ou woul w g r ¥ ds e 68% Colo & Bou 1st b (4) 130s 1 to carry a large percentage of your fun wn ColGas& Bl (3).coee 20 85 % in this class of security.. NEW SECURITIES | 53¢ 4% Sabarai®ts s il D!A.R o VEW YORK, April 11 ;Md;—flew se-| 4o "23% Co g.“{&‘:}'(.'fim“ a7 : : el q Our officers will be glad to consult with you 85 A iclude: m 3 4 Segal Lock & Hardware Co., o 4 Visitors concerning your nvestments at any time o $700,000 6% per cent convertible a- 1 —are cordially in- ¥ bentures, dated April 1, 1630, due Apri 36% Coml Inv Tr (51860, 6 4 6 " el 40; priced at 99% and accrued 84 ComInvTevpf(ef). 84 Kret vited to utilize the o B e SR B 3 e, o s (BB SWARTZELL, Congoleum-Natra, 2 9 9 in the city, " o \ n":fl" & HENSEY co. BALTIMORE BOND ISSUE. A m,::"f,,':‘?..‘:."' o {The Metropolitan g F y MORTGAGE BANKERS BALTIMORE, April 17 (Special) Lehigh Valley (14 g has been servin, i Farly this e ety e [ el di e AlA 98 the Capital eveE 727 15 STREET N,.w./ - N canalasSlunnane o el » =S s8= Tilm ot (3) e D 96% Consol 260 132% 129% 1814 W since the days of \ WASHINGTON D.C. asked shortly. b4 m“ Cob ot (6 4 ".’;“ 101% 101% 91% Liggett&Myrs B(16) Dolly Madison. Like other recent offerings of city Teatile 35% Lima Locomotive. .. 9 . 61 Years of Prompt and Unfailing Returns to bonds, the securities will bear interest| 2 .1 o gagese 4 52% Liquid Carbonie (¢)- TRAVELER'S Every Investor, at 4 per cent and will be, it is under- 13 m°“""°"“‘-” WK 94 90 424 Loews Ino (3)..corn CHECKS < y!nruumuna 8% 4% Corp B b Commission. 52 351 Contl DaRINg Avexen 30~ 36 . . 84 . ;8416 - 36% s Blonawilline

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