Evening Star Newspaper, April 20, 1930, Page 64

4 : FINANCIAL, =~ =° ol ; ; ; : FINANCIA 1 AUTOOUTPUT HELD [ oo s e 10 LOWER LEVELS) e News M for _the oflt\u n! ish. Low. mun Low. o) 10019 98.26 Lib31;s 1932-47.....100.17 100.2 Agen aviation au 101,28 100.10 Lib 1st 44 s 1932-47..101.15 101.4 reports that a squadron of planes would ntwmm. a transatlantic 102.10 100.28 Lib 4th 41 s 1933-38. 101.24 101.7 101.24 98.30 US3%s 1940-43.....100.14 100.6 flight from Rome to New York this 10121 99.1 3%81943-47.. 1002 Summer. 106.17 108. 3% % 1946-56 104.5 A Rmboflclll statemept added that 1 | nothing had yet been decfded about sin- 8 us 109.4 10116 US 48 1944-54 106.24 ms " 11314 100.24 U S 4348 194752 110.16 111 gle flights to New York. FOREIGN. Money to Loan 95 Argentinebs June by, 99 29 Secured by first deed of trust on Erevaiting interest ad som 94% Argentine 6s A '57 9% 99y 874 Australia 5s '55. 904 90 Joseph I Weller §5T+h" 102% Austria 78 '43. 105 1056 Real Estate Loans Made 92'4 Bank of Chile 6 Linkins Co. Bank of Chile § UNITED STATES GOVERNMENT, —1980— High. i lock and dividend. Low. 99% Wilson & Co 1st 68 '41 43% Slmmnnl Co (3) 100% Youngstown Steel 55'78.. RAILROAD. 874 Atch T & 8 Fead) ¢s'95.. factpry Operations Con- trolled in Accordance With Sales During First Quarter. Sloss-ShefMeld Steel. Snider Packing Co. 21% 25% + 2 st (88 +1 35% 36 18% 18'& PsFsie 90 Atlantio CL 1st 48 ‘62 96% Atl Coast Line 4% 91% B & O gold 4848 98% B&Ocv4%8'33 101% B & O ref 58 '95. 5 101% B & O ref 68 D 2000. 102% Balto & Ohio s " - FEEES So Por Rico Sug (2). Southern Calif E4 (3) Southern Dairies B. Southern Pacific (6). Southern Railway (8)... Southern Rallway pf(6). 100 99% 9414 caaaddaaaaas 68% 47% US Rlllbll' @pecial Dispatch to The Star. & Ret (l DETROIT, April 19.—Reports of first- quarter operations made during the past 94 week have reflected the conditions of controlled output which automobile plants have been maintaining since the first of the year fn common with other industries. Compared with the same period of previous years, the showings so far re- rted are generally lower than for 928, to the status of which, observers cede, the volume for 1930 seems kely to revert, following the abnormal eights of 1929. The trend is indicated by the omis- Eon of the quarterly dividend by Willys- 111 101% 105% 1081e 108% 106 1014 118% verland and payment out of earnings ind surplus of the Nash dividends, both denoting the prevailing caution with ‘which business is being conducted. Mr. Nash in making public his com- any's dividend action sald the com- any had been accumulating a large ash surplus to take care of dividends in Just such times as the present. He added that distributors hed delivered at | tail more automobiles than they had any week since July of last year. His lief is that business will go forward ‘with more genuine activity in the future than it has for many months past. As during previous weeks, the divi- sions of the industry building and mar- keting the low-priced cars continue to hold attention. Ford, according to of- ficlals, will go up to 9,600 cars a day on Monday. This will be the largest volume #o far reached for model A and the expectation is that it should prevail four or five months. e Ford people are now said to cl]cu]l'z their 1830 output at 2,500,000 units. At the rate now scheduled, it is certain to be in excess of 2,000,000. Increasing business activity on the Pacific Coast, In the Middle West and in New York State have been reported by Willlam 8. Knudsen, president of the Chevrolet Motor Co., who has been making & country-wide survey trip. He notes that increased building permits were to be, found in many of the centers visited which, compared to other years, ve & pomlve index to general upward {‘ nd of bulinul In two or three months, he depression would be only a memory. RAIN IN WHEAT BELT. HELPS CROP OUTLOOK Southwest's Buying Power De- pends on Average Yield to s Boost Trade. Spectal Dispatch to The Star. KANSAS CITY, Mo, April 19.—Mod- erate moisture over the wheat belt, par- ticularly the eastern portion, has buoyed hopes of the producers and given cheer Lh! business interests of the South- u ‘is considered unl!kel‘);thlt lny Tec- ord crop will be f the average is maintained it will go l long way toward steadying the somewhat uncertain trade cnndluon of rural com- munities. Whether it from an es- tablished timidity or because of the hesi- tancy of the buying public, merchants have little courage to make commit- ments for future delivery, and the pres- ent Spring has seen this tendency more W’mflmud than any other in the ‘est’s history. This, however, does not apply to aj cultural machinery, which is inclu lnx & vast amount of new implements that the average farmer seems to think es- sential. In a motor trip over the wheat belt one will see at every town new combines—in the smaller communities & half dozen beside the curb, in the larger centers scores scattered over sev- eral vacant lots—assembled _for the harvest trade. These cost $1,800 to $2,300 each and are seldom bought without installment notes. Apparently the entire Southwest is expecting a great tourist trade as the «motoring season opens. Filling stations continue to blossom in new places, on every hill and at almost every turn, while tourist camps, with a score of cabins each, are springing up in an ebundance that seems sufficient for the entire population of the Nation. Wall Street Briefs By the Assoctated Press. Electrical Wor)d reports that demand for electrical equipment and apparatus im) ly last week in mar- ket centers throughout the Nation. anu s brisk in most m.tgna'm a large proportion of es to cenml stations ond industrials. 01! Paint & Drug Reporter says that the index number of prices for chemicals during the past week declined to 158.1, compared with 158.7 in previous week and 159.8 in the same week a year ago. The average price for crude petroleum in the producing flelds was $1.537 a barrel, compared with $1.527 in the previous week and $1.658 a year ago. 88% Belgium 6s 55 Belgium 7%s Belgium 88 '¢1 Bolivia Ts ct 6 Bordeaux 68 '3 Brazil 6% 192 Brazil 8s'41. Canada Copenhagen bs 62 Czechoslovakia 8 Denmark 51%s 1956 Denmark 68 '42. . Erench 78’49 French 73s’41 German Bank 6s 1938. German 7s '49. Greek 65 1968. Irish Free State 68 '60. Japanese 6%s '54. Kreug&Toll bs ct wi'69.. Mexico 48 1904-54. Milan 6%s '52. Netherlands 6s 72 Norway 5348 Orient Dev 5% Paris-Lyons-Med 6 4 Paris Orleans 5% 196! Peru 68 ‘60 47, Queensland 7s '41. Rhineibe 78 Rhine Westphal Rio de Janeiro 8s '46 Rio Grande Do Sul 6s'68. Rome 6%s '62. Sao Paulo State of 85 '36. Seine Dept of . Serbs, Croats&Slavis e ta GrontaEIov AR 81, Swiss 5%8 '46. 5 Toho Elec Pwr 78'55. . Utd Kingdom 5%s '37. Uruguay 65 196 Vienna 6s 1952 Warsaw 78 1958. Yokohama 68 '61.. Abram & Straus 6% Alleghany Co cv 58 ¢4 Am Beet Sugar 6s '35 Am Chain 6s 1933 Am1GChm5%8194 Am Internation 53%s'¢9.. Am Natural G 6%8"42 Am Sugar Ref 65 « Am Tel&Tel cv 4%s35.. Am Tel & Telst Am Writ Pap 6 Armour & Co 43 Bell Tel (Pa) ref 5s '48 Beth Steel p m 68°36 Certain-teed 5% 1948 Chile Copper 655 *47 Colon O1l 6s°38 Columb G & E deb 6s 63, Comm Invest 5%8°49.... Comm Invest deb 6 # Con Coal (Md) 1st ref 5s. Detroit Edison ref Dodge 6s°40. Duquesne 4% East Cuba Sug 7% General Cable 5%s 1947. Gen Motors 6s '37. Goodrich (BF) 6%8'47.. Goodyear Rub 58 1957.... Humble O&R§ '32 Inland Steel 4348 1978, Inter Cement 58 '48 Inter Match 6847, Inter Mer Marine Inter Paper bs A Int Tel&Tel cv 4% 8539 Kendall 5%s 48 (war) Lackawanna Steel 53 °50. . Laclede Gas b%s Liggett & Myers 58 *51. Loew’s Inc 65 "4 Manati Sug 8 £ 7% Midvale Steel bs '36. Montana Power 58 1943. . # Nat Dairy Prod 5%s ‘4 Nat Radiator 6%s 1947, New England Tel 6s '562. . N Y Edison 1st 648 '41. N Y Tel 4%s°39. N Y Tel 68°41. North Amer Ed 68 '67. Northern States Pow b Pacific Gas & El bs "42 Pacific Tel & Tel 65’62 4 Pan-American 6s ‘34 Para-Fam-Lasky 65 °47. Philadelphia Co 58 *6’ Phil&Read C&1 65 wi " Philips Petrolm 6% # 3 Postal Tel & Cab bs'33. Reming-Rand 538 '47.... Sinelair Oil 68 °30... Stnelair Ofl 78 '37. Sinclafr Crude Ofl 6%s. .. Sinclair Pipe Line 843.. Stand Ol N Y 43%8 51 Sugar Est Orfente 6842 Tenn Copper 68 '44 B. Transcon Ofl 63s '38. United Drug 5853 U S Rubber 1st & re U S Rub 7%s '30 105% 1024 115% 110% 79 103% 864 100 102% 93 81% 110% 100% 100 100% 104% 101% 101% 102y 99% 117% 122% 91 108% 867 974 991 103% 99% 11% 100% 89% 102% 101% 81 971 951 100% 108 106% 90 101% 100% 107% 85% 9619 2 108% 99% 104 98% 87l 80 964 101% 102% 104 85 101% 107% 99% 87 100% 108 101% 104% 101 50% 96 80% 102 108 107 93% 102% 98% 100% 0% 124% 1% 4 102 102% 106% 118% 993, 106% 102% 101 101% 104% 102% 101 991 100 95 93% 100 100% 108% 99% 98% 104% 108 96% 37 101 101% 95% 86 100% 102% 115% 110% 89 103% 8714 100% 105 100% 106 1024 101% 105 100 1% 122% FEFESE F FEF FFF [ 21 108% 86% 97% 99 104% 100 11% - £2L0 104 878% 101 90U 1027% 101% 81% 98 96% 100% 108 107 904 101% o+ & + CEEI L il v o= 101 108 85% 963 104 100 106 + % 98% 874 - 1% 80% ~ % 9% — % FE FEET STFELEER ¥ IS FIEIESES [ - x5 102% +1% 102% - % 104 - 3% 85 101% 108% 100 887% 101w 108% — 179 -11 | ? b+ 102 104% — % 101 - % 50% —2% 9% — % 81% —8% =1% ~1% | - & 107% 93% 102% 9% 100% 90% 126% 1% 102% 102% FFRESFEF I¥F ) © = 14+ s Ik FOFEFER 105% 118% 99% 106% 102% 101 101% 104% 108% 101 100 101% 90‘! 100% 100% 108% 99% 98% 104% 108 9615 37 101 101% 95% & F F ¥ +1+ 'I.I FE I+t EFPIELE FEF FEL 86 —1% 100% + % 108% Balto & Ohio 6s " 91 B&OPLE&W Va4 100% B& O 8 W Div 5s ‘50 84 Bangor & Aroos 96 Boston & Maine 5% 35 Broadwy & 7th Av 58’48, 941 Brooklyn Manh 1st 68 A.. 93% Canada National 0% 54 tl 4 881 Canadian P; cinc deb 4 91% Central Pacific 48 '49. 98 Chesapeake Corp 58 '47. 97% Ches & Oh gen 438 '93 94 Ches & Ohio 434893 A 96 ChiB&Q4%sB‘'77 104% ChiB & Qref 58°71... 72 Ch & East 111 gen 68 '51. 64 ChiGreat West 4a '59. 90% ChiM St P& P 58’75, 71% Chi M St P & P adj 6 107% Chi & NW 6% 100% Chic Northwest 78 ‘30 69 Chicago Rys s '37 95% Chi R I & Pac ref 4 92% ChiR I & Pac 4%s wi 96% Chi Union Station 4 114% Chi Union Station 6 85% Chi& West Ind con Chi & West Ind 534 s CCC&StL6sD Cleveland Term Cleveland Terminal 5% Colo & Sou Cuba R R 5862 Cuba North 6% Del & Hudson Fonda J &G 4% ‘52 Grand Trunk s £ deb Grand Trunk 78 '40. Great North 4143 ‘76 Great Nor gen 6% s '52 Great North gen 78°36... 4 Havana Elec Ry 6%s. Hudson & Man adj 58’67 Hud & Man ref 58 '57. Illinois Cent ref 4s ‘55 Illinois Central 4% Inter Rapid Tran b Inter Rap Tr 58'sta "66 Inter Rapid Tran 6’8 Inter Rapid Tran ev 7 Int & Great Nor adj Inter Ry Cent Am 6% Kan City South 3s 1950. Kan City South 58 Kan City Ter 1st 4 Lake Shore 48 '31. Lehigh Val cn 48 2003 Louis & Nash uni 4s '40. Louis & Nash 75 1930. Market St Ry 78 A "40 North Pacific 48 *97. North Pacific 58 D 2 North Pacifier{ Pennacn 4% Penn gen 435 '65. Penn 4%s'63. Penn gen 53'68. Penn 58 1964 Penn 6%s "36. Reading 4%8°97. Rio Grlnd ‘West col 4! RIArk& L 4%s’'34 St L Iron Mt gen 68 '31... SLIM&SR&G 4s'33.. StL&SF prindsAs0.. StP K CS Line 438 41, Seaboard A L ref 48’5 Seaboard A L adj 5s ‘4! Seaboard A L con 6s5°45 South Ry dev 6%s Third Ave 1st ref 4s ‘Third Ave adj 5860 Union Pacific 18 Union Pacific 48 Un Pacific ref 4s 2008. . Virginia Ry 1st 63’62 Va Ry & Power b8 ‘34 Wlbnth 4%81978 58 B PLi+ 41040+ 4++0000 4] Phdt 14401 EFF FEFFEF ¥¥ - 2Frsse sEerreess - FF FFEFE sesses 2T srFes xErEs ‘Twenty-three steamers will dock at Pacific Coast ports with cargoes of raw silk for May delivery. Interests affiliated with §. W. Straus CO. re forming an investment trust the fixed type called the Super- Corponuom of America Trust Shares, Inc., with an authorized capitalization of 100,000 shares of no-par col n stock. The shares will be offered in two series, namely, maximum return shares, in which all returns on the underlying stocks, including split-ups, will be distributed as dividends, and capital accumulation series, in which all stock dividends in excess of 10 per cent and all split-ups will be allowed to accumulate. A further slowing up in sales of manufactured gas utilities was ex- perienced in February, according to re- ports received by the American Gas Association from companies represent- ing approximately 88 per cent of the manufactured gas industry. Customers of the reporting companies on Feb- ruary 28 aggregated 8,789,077, while sales for the month totaled 32,307,861,- 000 cubic feet. This figure represents an increase of 1.5 per cent over those of the same month last year, but the rate of increase was not as great as that of a year ago. An investment trul;. o;nthe llml&d management _type, to own as the Utilitles Hydro & Rails Shares Cor- ration, has been formed by J. Henry is & Co., New York and Philadel- phia investment bankers. The trust will have an authorized capitalization of 15,000,000 shares of common stock, of which 120,000 have been issyed. Its ptucnt portfolio consists of shares of than 149 railroad and utility enmw-nlu and affiliated equipment organizations. Employes of the Bethlehem Steel Corporation numbering 43,357 have subscribed for shares of the corpora- tion's 7 per cent cumulative preferred stock under this year's employes’ sav- ing and stock ownership plan, the. cor- panmm announced lay. The lbe rlud at $125 a nhue. but through 101% 97% Utah Power & Lig! 95 86 Utilitles P& L5%s"47. 924 995 99% 9% 92 — % 91 26 EUROPEAN STATES TO GET BRIAND QUERY Questionnaire Expected to Be Sent Out on Proposed Federation. By the Associated Press. PARIS, April 19.—The newspaper Le Matin said yesterday that within a few days Foreign Minister Briand would send 26 European states a questionnaire concerning the proposed European fed- eration, which has been called “the United States of Europe.” * ‘The announcement was carried under the signature of the foreign editor, Jules Sauerwein, who sald the London Naval Conference had delayed Briand's initiative in sending the questionnaire, and added: “But although the European problem appeared arduous and difficult at Lon- don, there is no reason why we should fear to confront it, and it is wisdom on the part of Prance to place herself at the head of a movement tending to re- move the European difficulties.” Sauerwein adds that Briand has a memorandum ready, but is likely to submit it to the council of ministers betr;:e sending it to the various coun- tri Monument to Heine Planned. Definite plans have been made for the monument to the t, Heinrich Heine, by the municipality of Dussel- dorf, Germany, his native town. Sev- eral cummltuu have been formed to carry out the project, and the execu- tive " committee includes the former minister of education, Prof. Dr. Becker; the president of the Academy o! Aru v.he well known painter, Max mann, and the M’ Acsdemy, t Shore 1st $10,000 LOSS CAUSED BY WAREHOUSE FIRE Blaze at Lynchburg Cuts Off Tele- graph Communication for Five Hours, Spectal Dispatch to The Star. LYNCHBURG. Va., April 19.—Loss by fire believed to exceed $10,000 was caused Thursday morning when a three-story storage warehouse belong- ing to the Metal Products Co. was de- stroyed. The loss is partly insured and the cause of the fire has not been de- termined. Besides razing the warehouse, the heat from the fire caused the tracks of the Southern Railway to buckle and burned off the telegraph wires of the system. This did not involve the move- ment of trains on the new route through the city. Telegraph communication was off about five hours. FOOT BALL STAR HELD Handcuffs Used in Subduing “Rusty” Gill of California U. SAN FRANCISCO, April 19 (#)— Ralston W. (Rusty) Gill, University of California foot 1 star, early today was arrested on charges of resisting an officer, disturbing the peace and drunk- enness after a disturbance at a cafe in uu said they were forced to hmmcmmukehummmy ail. There, they said, he objected to g searched and had to be subdued again. Small keys were used as charms in both Greece and Rome of lncl:nt dlyl It was believed that the g carried had u:e povnr to ze.n e door to!thll(w"h!bhl.fl Molo. o ILLINOISAN GUILTY OF “RADIO SLANDER” Words Uttered by Defeated Candi- date in Election Bring Fine Under New Law. By the Associated Press. CHICAGO, April 19.—The verdict in the case of the State of Illinois against Fred Broucek was “guilty of slander by radio.” It was the first suit of its kind since Illinois adopted a radio libel law in 1927, John H. Ehardt, police magistrate-elect of Berwyn, a suburb, charged Broucek, defeated candidate, with uttering slan- derous and defamatory remarks in the campaign. Broucek offered no defense, but his counsel presented Harry Levitan, the sitting justice of the peace, with a new one to ponder over. “Since Broucek made the remarks in Cicero, how can he be tried in Berwyn?” the defense counsel queried. This puzzled Justice Levitan for a time, but he finally ruled that because of the ether waves, the damage to Ehardt’s reputation was done in Be! as well as in Cicero and as justice of ce in Berwyn he had jurisdicf Beaucek was fined $10 and costs. Ehardt also has filed a $100,000 civil suit against the defeated candidate. Painted Nails Cause Alarm. NEW YORK, April 19 (#).—M. Jean Patou fears that American women are headed toward nose rings or something such. Leaving for La Belle France, the fashion expert told how he had been orrified to behold, over the vivid whiteness of table painted fingernails—; linen, brightly red, and green on common stock in 1929 vs. $3.83 in . 1928, Spalding (AG) (2)...... Spalding A G 1st pf (1). Splegel-May-Stern (3). Stand Brands (1% ) Stand Comm Tobacco. Stand Gas & El (3% Stand Gas & El pt (4) Stand Invest Corp. Stand O of Cal (2%).... Stand Ofl Export pf (5). Stand Oil of Kansas (2). Standard Oil NJ .I'Ih . f. Stanley Co of America. . Starrett (LS) (12%), Sterling Sec A).. Sterling sacur nt!(l 20). Stone & Webster (4). Studebaker Co (5). Studebaker Co pf (1) Submarine Boat. ... 105% 102% 8% b4 20% 20 16% 8% 6 2% Symington. 16% 8% Symington Telautograph (11.30).. Copper &Ch (1) Thatcher Mg (1.60). The Falr ( au) Timken Roller Bg (3). Tobacco Products. Tobacco Products A. Transcontl Oil (30c). Transue & Williams (1). Trico Products (3% ).... Tri-Continentl Corp. Tyi-Con Corp pf (6). .. Truax-Tra Coal (1.60).. Twin City Rapid Tr (4). Twin City Rap Tr pf(7). Underwood-£11-Fish(5). 12!% Unton Bag & Paper Union Carb & C (3.60 Union Oll of Cal (32) Union Pacifie (10). Union Pacific pf (4). .. Union Tank Car (1.60) United Alrcraft. .. United Atreraft pf (3) United Biscult (1.60) Utd Carbon (2).. United Cigar Store United Cigar pf..... United Corp... United Corp pf (3) United Dyewood pt (7) United Elec Coal United Fruit (4). Utd Gas & Improv (1.20) Untted Gas Imp pf (5 United Paverboard. . Unit Plece Dye W (2). United Stores A... United Stores pf. 991 4T 102 Thi+ i+ t40 000040 100 saes s sxe”d Univ Pictures 1st pf 2% Univ Pipe & Ra 31% Util Pwr&Lt A FEE Y FER FEEF LRI AL+ 110 125% 125 127% 125 - +i+] pt. 244 Waldort System (1%) 26 Walworth Co (2). 21% Ward Baking (A). FARAR AR N RE S A - (AR EEESFEEFESRFEIEEIFEFELS 50% Wesson Ofl & Sn pf (4). 99 West Penn Elec A (7)... 974 West Penn Elec pf (6) 105% West Penn Eleo pf (7) 104% West Penn Power pf(6). 118% West Penn Power pf(7). 44 Western Dairy A (4).... 13% Western Dairy B 100% 100% 109% 110 116 48% VH++ Hh++ (FEXRE AN S FRESE FEEF 177 Western Union Tel (8). 43% Westinghouse Air B (3) 140 Westingrouse E & M(5) 188% 19814 186% 193 VE+ I+ 40 87 Waest Vaco Chlorine(2). 31 White Motors (2). . 861 White Rock M S (14% Th White S8ewing Machin: 11% Wileox Oil & Gt 27 Wileox & Rich (A) ’“.. 19% Wileox Rich. B (2). T% Willys-Overland... erland of (7). 8% Wilson&Ce.... . T Wilson & Co (A) 42 Wilson & Co pt, 58% Woolworth Co (3.40). 67% Worthington Pump..... 140% 18( 88 Worthngton Pump A(7) 101 78 Worthngton Pump B(6) 89 68 Wrigley Wm (4). . T0% 71 Yale & Towne (15). 3% 12% Yellow Truck & Coach.. 28% 72 Yellow Tr & Coach pf... 954 36'4 Young Spring (3).. 42% 150“ 108 Youngston Sheet & T l() 142% 141 16% 5% Zenith Radfo. o 13% 11% 12% RIGHTS—EXPIRE. % Am Roll Mill....June 16 229- 21% Ame;kian T&T...Aug 1 [ERZRE AR E e [ +4LHEL I+ + Ih¥++lll 1% 1 1 22% 21% 22% % Rossia Insof A. % b 3% South CalEd....Apr21 4% 4% % Dividend rates a ‘l “mlfl'l h lffl on_the latest quarterly or half yearls decls | P Exe Partly extra. § Flus 4% | lflfl'. ' Pluu D% in stock. a Paid last BRI o Px'"bllzln':h"e fA"ock. 8 Bl n stocl 8% in stock. k % in stock. m Plis 8% in stoc (ldd++1d S+ P00+ +0 000U+ 10T INSTALLMENT TRADE REPORTED GROWING Finance Companies May Profit by Business Slump and Un- employment. Special Dispatch to The Star. NEW YORK, April 19.—In three im- | portant respects the 1930 outlook for | the leading instaliment finance com- | panies is better than that for the aver- age industrial concern, namely: (1) The general business recession, result- ing in widespread unemployment, is in part offset by requirements of new credit customers, who, under normal conditions, would be cash buyers; (2) the financing business is constantly being extended to new fields and the outstanding factors are acquiring new units; (3) rehnvely low interest rates have resulted in reduced operating ex- penses. Reflecting these conditions, as well s the currently improving trade situation, the chances are that finance company earnings, after the initial quarter, will be maintained at levels at least on a K“ with those of last year, concludes the Standard Statistics Co. of New York in a current survey. Corporation News NEW YORK, April 19.—The following is a summary of important corporation news prepared by Standard Statistics Co, Inc, New York, for the Assoclated News Trend. Evidences of gains in various lines were clearly discernable in the past week, according to the weekly reviews on business and trade conditions. Re- tail trade more active, further expan- slon of outdoor work has increased em- ployment and activities in certain in- d:‘xeldtrle' have been moderately acceler- ated. Bank clearings for the week at 23 leading cities were $11,137,170,000, or 7.2 per cent less than a year ago. At New York City clearings of $7,645,000,~ 000 were 5:8 per cent lower, while ag- gregate for principal centers outside New York was $3,492,170,000, or 10 per cent below last year’s. For the first half of April clearings have declined 4.3 per cent from a year ago, while in the same period in March decline was 17.9 per cent, and in like February period 23.3 per cent. ‘The Companies. Alleghany Corporation earned 9 cents in March quarter. American Hawalian Stéamship de- clares dividend of 50 cents on common stock; paid $2 on January 3. Artloom Corporation earned 47 cents in March quarter vs. 49 cents in like 1929 quarter. Bayuk Cigars earned 75 cents in March quarter vs. 59 cents in like 1929 quarter. Kleinert (I. B.) Rubber earned $2.53 National Dairy Products directors Aclhncthn acquisition of Kraft-Phenix eese. Pennsylvania Coal & Coke earned 83 cents on common stock in 1929. In 1928 had deficit of $519,808. Pennsylvania Gas & Electric earned $1.56 on common stock in 1929 vs. $2.12 in 1928. Power Light Securities Trust llquldnfin‘“vlluz of stock April 10 was $73.24 a share vs. $62 on January 31. ‘Texas Corporation obtains license to manufacture and distribute ethyl gaso- l Une. . SECURITY SALESMEN If you can sell—your ability will bring greater rewards in the investment business than in any other business we know. But ambition, honesty, intelligence, energy and an aptitude for hard work are absolutely essential—to you and to us. We do not care if you have never sold securities— if you can sell you can make money with us. The securities offered by this organization are of the highest grade—readily saleable. You will have the support of continuous advertising, both direct-by-mail and news- paper. This organization is young and you will have the opportunity to grow with it. We are looking for men who have enough confidence in their ability to produce to work strictly on commission. Tell us.about yourself in a brief letter stating age and past connections. Address Box 168-K, Star Office. FIRST MORTGAGES LET US HELP YOU BUILD A STAPLE INVESTMENT FUND iven in the above table are the snnual carh n stock. * § Pavable it %, in stock. :mn' B T National 2100 If you have a few dollars to spare and are seeking a safe channel for investment, you will find our First Mortgages meeting your requirements exactly—and you can buy them in amounts from $250 up and pay for them out of income. In the meantime they are interest-producing; and the principal is safely secured in property that has our ap- proved appraisement. SUBSTITUTE FOR SAUL CO. 925 15th St. N.W. SAFETY National 6110-6111-6218 (Telephone Directory Omission) Fnt Mortgage Loans In Arlington Alexandria, V! Commonwealth Investment &%, i 900 151h Bt N.W. Phone Natissa) 2633 Mortgage Loan Correspondent for The Prudential Insurance Co. of America INCOME INVESTMENTS INVESTMENT DEPT. BRODIE & COLBERT Ine. 1707 Eye St. NW. National 8875 @ FEEREFE wog - o - £ r MOTT MOTORS, Inc. “HUPMOBILE!” Better Used Cars 1520 14th St. N.W. DECATUR 4341 - &a5g *“rsexs &8 [ 5 F First Mortgage Loan Applications Invited at 5)5% Construction Loans Glover & Flather 1508 H St. N.W. National 1753 A FEE ® - EEFFE ¥ Thomas L. Hume Dealer in Stocks Bonds Established 1899 1412 G Street National 3¢ ommercial : National Bank Savings Deposits Bear Interest on Daily Balances from Day of Deposit to Day of Withdrawal. Com- pare this method with usual method of computa- tion. Call and let us ex- plain, Other Departments are equipped to serve you Personal Service 14th & G Sts. N.W. Resources Over $20,000,000 MEMBERS OF Fidelity Building & Loan Association Are 7 7 On Receiving (4 Savings Mail coupon for information Fidelity Bld¢. & Loan Assn. 200 Natl. Press Bldg. ‘Washington, D. C. Name ...70cconvinnn avecssvnneases Midlirds ooioioicbogive: vovivoibotn