Evening Star Newspaper, April 21, 1930, Page 15

FINANCIAL. ; —_— e e e e s s TRANSACTIONS ON THE NEW YORK CURB MARKET PRICES ARE MIXED INCURB TRADING Utilities, Amusements and ChaMh Store Stocks Show Upward Trend. BY JOHN A. CRONE. 8pecial Dispatch to The Star. YORK, April 21.—Public utili- | ties, amusements and chain store stocks led’ the upside of today's mixed curb market, as coppers headed the downside. lectric Bond and Share, Eastern States Power B, Brazilian Light & Trac- tion, Niagara Hudson Power and United Light & Power A were among the first ities to surpass previous high.record marks. Crocker-Wheeler Electrical early moved to a new peak before meeting profit taking. Gold Seal Electrical, as & result of a technical market condition, d slightly. ational Steel. whose earnings show an increase, was twirled to a new high Juotation. Although the oils in the rst two hours were not especially active and showed comparatively little change, Petroleum Corporation of America, an oil investment trust, gained more than a point to a new maximum price. Radio-Keith-Orpheum rights were admitted to dealings and opened at 1's. Securities Corporation General also was admitted today. National Fuel Gas was the first of the gas stocks to climb into new high ground. Lone Star Gas met increasing bids at higher levels, but some of the recent leaders lagged. Fox Theaters A featured the amuse- ment group as it moved up nearly a point to a new high level on big blocks. v, McNeill & Libby advanced on news of a recapitalization plan which proposes to wipe out present preferred accrued dividends through issuance of new preferred stock. Hygrade Food, which was off a point, was an excep- tion to the uptrend in food shares. Easter business of better than antici~ pated proportions started buying in the chains, such as Chain Store Develop- ments, Metropolitan Chain Stores and Great Atlantic & Pacific Tea. Goldman Sachs, in point of activity, ‘was an early star performer in the in- vestment companies. Fireman's Fund Insurance was the first of the insurance shares to move into new high territory, while Selected Industries claimed that distinction in the trading corporation division. Crude 0il Production. NEW YORK, April 21 (#).—Crude ofl firfldul‘tlon in California during the ending April 19 averaged 632,000 barrels daily, an increase of 18,800 bar- rels daily over the previous week, the California Oil World reports, SILVER QUOTATIONS. NEW YORK, April 21 (#).—Bar sil- ver, 4212, U. 5. TREASURY BALANCE. ‘The United States Treasury balance, announced today as of close of business April 18, was $240,352,790.87. Customs receipts for the month to date were $25,539,453.48. Total ordinary expendi-|" tures $17,296,138.07, SHORT-TERM SECURITIES. fReported by J. & W. Seligman & Co.) iq Ctter Allis-Chalmers Co. 55 1937... American el *sizeiois 101 © dbre 100 & Ct = Wlll!ll'n Eé:u.{néocc“: Wheeling Steel rD. 5128 1044 lfl Wheeling Steel Corp. 4'35 ,,52 90 BONDS ON THE CURB MARKET. Sulesin DOMESTIC BONDS. thousands. High. § Aluminum Co 8552 1023 3 Am'Cmwih B 65 40 9are 49 1021 0 Amer For Po. 's BANCYG& E 5e 250 00 Low. 102% Notice—All stocks are sold in one bundred-share lots excepting those designated by the Iula s (65s) (28%e), T which shows those -tnh to be sold in odd lots only ~Prev. 1930.~ Stock and High. Low Dividend Rate. 23% 13% Aero Underwriters. . 314 1% Aeronautic Ind war 24% 19 Agfa Ansco. 94 3W Alr Investq 11% Air Inv, Inc. ev pf. 1% Alexander Indust 16 All Am Gen Corp. 4 Allegheny Gas. % Allfed Aviation 15% 10% Allied Mills (60c) 856 2756 Aluminum Co of Am 108% 105% Alu Co of Am pf (6). 28 19% Alumn Goods (1.20). 5 Am Beverage. 4% Am British & Cont.. 85% Am Capital pf (3).. 874 Am Cit P&L(A)(a3) 14 Am CP&L(B)(10%) 284 Am Com P(A) h10% . 344 Am Cwith P(B)10%, 3% Am Co'with Pwr war % Am Control Oil Flds. 25% Am Cynam B (1.60) 15% Am Equities €015 Am For Pwr 156 113% Am Gas & Eleo (1) 60% 60l Am Hard Rubber(6) 2008 1613 10 Am Invest, Inc (B).. 19 Invest (war). 4 Lt&Tract (10).. 4008 Lt&Trac (n).... Am Maricaho. Am Natural G Pub Sve pt (7). 18 Am St Pub S A(1.60) 28% Am Superpwr (1)... 94% Am Super 1st pf (8). 87% Am Superpwr pf (6). 10% Am U&Gen B vtc 40c 17 Awmrad Corporation. 10 Anchor PF (h10%). 124 Anglo-Am vot (73c). 15% Anglo Chil Nitrate. . 13% Appalachian Gas. ... 9% Arcturus Rad Tube. & Ariz Globe Copper 8% Arkansas Nat Gas. . A% Ark Nat Gas (A). % Ark N G cu pf(60c) Bales— 17+ 3% 23% 8% fl-p zn"- ™ €00 00D e T 1 2100 1 1k e O O O 0 » o o 48! Asso Gas & Elec (n). 86l As=0 GRE (A) 12.40. 7 Asso G&E (A) db rts 29% Asso Rayon pt (8).. 26% Asso Tel Util (b7%). % AtlanticFruit & Sug. 15% Atlantic Secur Corp. 6% Auto Music (A) (1). 91 Auto Vot Ma cv pf pt 24% Aviation Corp of Am 124 Aviation Credit..... 2% Bahia Corp. 50% 46 Bancomit new (1.60) 1574 150% Bell Telof Can (8). 115 115 Bell Tel, Pa pf (§%4). 2 14% Bickford's, Inc (1). . 28 Bickford's.Inc pf 31% Rlaw-Knox (115) 6% Rlue Ridge Corp 33% Rlue Ridge cv 6 Bourjois, Inc (1).... 13 Bower Roller Bear. . 36% Brazil Trac & Lt (2). 2% Brillo Mg (A) (2).. 6% o @ 3 O e T TS TSTCR S -I = I U PTOS - -t » & @ 0 ww 1'Pa NG 8148 '43_ww 10 Elec'P & L 35 A 2030 Firestone Tire 55 '42 isk_Rubl 1 Iutersta Power 8s '57 91 § Kopper G&C 51us 80 h B8 6 A 2028 PEPR T 5.5 .9 & Mies, River Puct 5 : 107 w 18 South et el « 51 hern & Wes ' Unton el 55 80 FOREIGN 2 Baden Con Mn 7s '51 8 Buen Air 61ss '67 i Buen Air Prov 7s ' s !Hehuu{orl Bt 60 5 Mendoza Pr 708 i Nippon El P 6 4( 153 8 Earana Buéfl s —Ne: SicWhen lssued. 25% 184% 61% 24% Buff, N&EP pf(1.60). 65 Bunker Hill & S 16% BV BUTCO; TN+ sesvmss 2% Burma Corp (131c).. 3 Cable Radio T v.te.. 1% Cable&Wire (B) rets 8% Canada Marconi. ... 51 Can Pacific(new. % Carib Syndicate. 80 Celanese 1st pf(7 &.) 224 Cent & Sw U(b67% 25% Cent Public ser\-lc : 34% Cent P'S (A) (al.75) 19 Cent Sta El (t40c).. 2% Chain Stores De 1214 Chain Stores Stock. . 22W Charis Corp (13).... 231 Chathm Phoe Al n-v. 22% Chem Nat Asson-v. 155 Chesebor Mfg (t4%) 534 Ches & Ohio (new).. 113% 106% Childs Co pf (7) 28 ) 203% 63 m» 27% 1% 8% 122 260 14% 160% 20 City Mach&Tool (12)" 261 Cities Service($30c) R8 Cities Srve pf (6)... 93 CitSP&Ltpf (7). % Clark Lighter (A) 16 Clark (DL) Co (1% 63 Clev EI Illum (1.60). 18 Clev Tractor (1.60). 5% Colon Oil..... 17% Colum Oil&Gas w. 24 Columbia Pictures. . 42% Colum Pictures v.t.c. % Columbia Syndicate. 234 Com'wlth Edison(8). 81 Com'wlith & Sou war. 121 Com Wa Sve(b10%). 1% Comstock Tunnel 15 Consol Alreraft % Consol Auto Mer 5 Consol Copper. . 90% Con Gas, Balto(3. 3 Consol Instrument. . 10 Consol Laundries. .. & Consol Nevada-Utah 28 Cooper Bessemer(2). 38 Cooper Bess pf A (3) 11% Cord Corp. 12% Corroon & Reynolds. 50 Cosden Oil. 5% Creole Petroleum. .. & Cresson Consol (8¢c). 18Y% Crocker Wheeler. ... 30 Crown C&S pf(2.70). # Cuban Cane propt w s 3 2 5 0 3 2 1 1 1 5 1 5 3 3 3 7 4 & 1 1 1 9 1 2 i 1 4 6 2 3 . 2 9 g 1 7 2 e 3 6 ¥ 8 3 508 5 40% Cumb’Ind Pipe L (4).2508 2% Curtiss Afrpor| 5% Curtiss Flying s 1% Curtiss Wright war. 1 Cusi Mex Mining.... 7% Darby Petrolm (1).. 2 Davis Drug Stor ctfs Dayton Air & Eng Deere & Co (16) 214 De Forest Radio. te. Detroit Aircraft.. 104 Dixie Gas&Utilities. 1614 Doehler Die Casting 12% Douglas Air (75¢) 62% Draper Corp (15). 31 Dres(SR)Mfg A3%. 41 Driver Harris(new). 8 Dubilier Cond & Rad 145 Duke Power (15). 4% Durant Motors. 25% Eastn G&F Asso. ... 18% Eastn Sta Pwr B(1). 7% Kastn Util Assocv. . 14 Eastn Util Asso (2). 14 Eisler Eelectric(11) 801 El Bond & Sh (b6). . 103% 11 Bond & Sh pf (6). 24% Elec Pwr Asso (1).. lec Pwr Asso A (1) lec Pwr & 1, op war lec Shareholdg (1) P] Sharehold pf (6). Empire Power (2). mp Pub Sv A (1.80) mploy Reins(1%) X v % Fandango Corp. 32 Federal Screw (3). 22% Federat Metls(f1%). 174 Fiat receipts (1.25). % Film Inspect Mach. . 101 Firemen's Fd Ins(5) 184 Fokker Aircraft 5 Foltis Fischer C 18% Foote Br Gr M (1.20. 8 Ford Motor, Can(A). 36 Mord Motor, Can(B) 6% Ford Mot of France. 104 Ford Mor,Ltd, 37 %e. 2% Fox Theater Cl (A). o n S PR NN S AR AENN B ASBBAHR AN NA e ADROTRNNT 0D 35 109 75 Galena Sig (new) pf.:30s 0 Garlock PKg (1.20) 614 Gen Alloys (80c). 2% General Baking n Baking pf (3). 2, Ltd rets(50c) Gen Empire Cory. . . n G&E cv pf B(6). Gleaner Com Har (2 Alden Coal (3) he Underwriter: & Golaneld Consol, Goldman Sachs(b6) . 1d Seal Elec new . th Knitback Mach 1156% Gr A &P Tea pf (7) 2204 GrA&PTn-v(5).. 11% Groe Stores Prod vte 181% Gulf Ollof Pa(1%)., i a4 5 1N7% 08 242 2 1% 9 169 17% 1% 159 Add 00. Open. High. I.T_’v o 44y 5 24 117% 240 11% 187 11% 187 ~Prev 1930.— High, Low. 18% Stock and Dividend Rate. Hazeltine Corp (1).. Hec!a Mining (1). Heyden Chem (2). Hires (CE) (A)(2). Hollinger Gold (60c) Houd-Her cvpfA2%. Hudson Bay M & S.. Humble Ofl (2). . Hyéro Elec Sve (2). Hygrade Food Prod. Imp Ofl. Can (50c. .. Ind Terr [lu Ol (A) Ind Terr Tlu Oil (B) Ind Fin et Insull Ut Ins Co, Insurance Sec(1.40). Intercontinent Petn. Int Holdg&Inv 10c. . Intl Petroleum (1) Internat Products. Intl Superpwr(t1).. Intl Utilit A(315). Internatl Util (B)... Internatl Util (war). Interstate Equities. . Interst Eqev pf(3).. Tron Cap Copper-. . ... Irving Air Chute. . Irving Afr Ch(1 Rfl).. Ttalian Super war. Ttalian Superpwr A. s Tettacson Blec i) Johnson Motor. .. Jonas & \numhlHK . 4 Kirby Petroleum. Klein(H) pt pf $1.20. Kolster-Br (Am Sh). Lackawanna Sec(4). Lake Superior Corp.. Leonard Oil. Lerner Stores (2)... Libby McNell & L. .. Liberty Dairy Food. 4 Lily T Cup (113) Toew Toew': Tne (war). Inc, deb rts.. Long Isl Light(60c). Long Isld Lt pf (7).. Louisiana Lan & Ex. MacMarr Stores (1) MacMillan Pet (12). Magdalena Synd. ... Mapes Cons (3). % Marine Mid (1.20)... < Mid Sts Pet v.t.c. B.. Marshall Field & Co. Mfg Finance v.t. Mass Util Asso Mavis Bottling. Mayflower Asso (12) May Hos cum pf (4). Memphis Nat Gas. Mesta Mach (+ Met & Min, Inc Met Chain Stores. Midland Ut(b1% %). Mid Sts Pet v.t.c. A.. Mid W Sta Ut (1%). Mid Wst Util(b8%) . Mid Wst Util A war, Mid Wst Util B war. Miller & Sons (2).... Min Corp of C (23¢). Miss River F Cp war Mo KanP L (b10%). Mock Judson Voe(2), Moh H P 1st pf (7).. Monroe Chem(114).. Montecatini deb rts.. Morizon Elec(31). Mount St Pwr pf ( Municipal Service. .. Natl Amer Co. . Natl Aviation. Natl Da Prpf A (7). Natl Fam Strs(1.60)+ Natl Fam S pf (2)... Natl Fuel Gas (1)... Natl Investors(new) Natl Leather. Natl Pwr&Lt pf Natl Pub Sv A(1. sn). Natl Screen Sve(2) . Natl Steel x-war(2). Natl Sugar, NJ ( Natl Trade Journal Natl Union Radio. Nebel (Oscar) (1% Neet, Inc, ov A (1.60) Nehi Corp (1.30) New Brad Oil (50¢). New Eng T&T (8).. New Hav Clock t1%. New Jer Zinc(4) . New Mex & Ariz Ld., Newmont Min ($4).. Newport Co (2)... NY Invest (1.20)..., N Y Rio&Bu Aires. .. Niag Hud Pwr(40c). Niag Hud Pwr A war Niag Hud Pwr B war Niag Shars Md (40¢) . Niles-Bement-P t23% Nipissing (30c). Noranda Mines (3).. No Am Aviat A war.., Nor Am L&P (b87%). North Am Util Sec... Nor Sta Pwr pf (7)., Northern P L (15) ... Novadel Angene (2) 2 3 9 » .e..a..-.._s.g..,_.s..am.a.;-,...m__w Y L e e % Ohio Copper. . 4 Southern Corp . ll Ohio OIl (+2 Outboard Motor (B). Pacific Coast Biscuit, Pac Coast Bis pt 3.50 Pac Western Oil. Pandem Oil. Param’t Cab (b8 %) .+ Parke Davis(11.45)., Penn Mex Fuel (2).. Pennroad Corp. . Peop Drug Strs(1).. Peop L&P(A) (a.40). Perryman Elec...... Petrol Corp (1%4)... Philip Morris, Inc. Piedmont & Nor Pilot Ra T(A) (1. "") Pitney B P,n (20c). Pitthgh Forg (1.60). Pitts & Lake Erfe(5) B0; Pitts Plate Glass(2). Plymouth Oil (2). Polymet Mfg (11). Power Securities pf., Premier Gold (24c).. Prince & Whitely. .. Prince & Whit pf(3). Prudence Co p (7 Prudential Invest. Public Util Hold war Puget § P&LL pf (6). 120- Rarlio Prod (50c). ... Railroad Shares. ..., RY & Util Inv.(A)..4 Rainbow Lu Prod B.. Raymond Consol (4). Reiter-Foster (40¢c). . Rellable Strs(b5%) . Relia Intl Corp A w1 Reliance Manag..... Repetti Candy Rep Steel cu pf ( Reynolds Bros, Inc. . Roan Antelope Min. . Rocklans Lt&P(92c) velt Field,Inc. Rossia Intl Corp. ... St Anthony Gold.... St Law Paper Mills. Paper (1).. Safety Car H&L (8). Schulte Un 5e-$1 St. Seaboard Utllities. TS = Sel Ind allot cfs 5 Sentry Safety Con Shattuck Den Min Sheafter Pen (13). Shenandoah Corp. Shenan Corp pt (a Silica Gel Ctfi A Sisto Finance Corp. . Smith (A 0) (2) South Coast. . So Penn Oil(121%) SoCal EdpfA (1%). SoCal Ed pf B(1%). @ «3 PO PP PN PRI oy P LTI 1SN - =TT ) So Pipe Line (12). Southland Roy (1).. 8 W Dairy Products. 8 W Gas Utllities. .. Spanish & Gen Reg.. Standard Motors . Stand O1l, Ind (234) . Stand Oil Ky, (1.60) . Std Pwr & Lt pf (7). Starrett Corp. ... Starrett Corp pf ( Stein Cosmetic elinite Radio Stroock & Co (3). Stutz Motor Car Sunray Ofl (40¢).... Superheater (13%). Swift & Co new (2).. Swift Internatl(2%) B e HE EVENING STAR, WASHINGTON, SBales— Adumoun.llm nu' 2:88. 17 29% 30 12\ 20% 25% 64 27% 10% D. C, MONDAY, ~Prev 1930.~ Stock and High. Low. Dividend Rate. 9 6% Syrac WashM B (1). 1 98 64w Tampa Electric (32) . 86% 67 Technicolor, Inc.... 6% 4% Teck Hughes (60c) 28 Thermolid Co (2).... 2% % Tobacco Pr Exports 4% Transamer (11.60).. 10% Tran Con Alr Tran.. 13% Tr-Lux DL P S(A).. 9 Tri-Cont Corp (war) 58% Tri Utilities(1.20).. 26 Trunz Pork S (1.60) . 28% Tung-Sol Lamp (2) Tung-Sol L pf (3) Ungerleider F Corp. Union Tobacco. Utd Car Fastnr (1.20) United Corp (war).. Unitt Dry Docks. ... Unit El Sve pr war. . Utd Founders(b2.35) United Gas Co. United Gas Co (new) United Gas Co c.0. United Gas (war) United Gas pf (7)... Jtd Lt & Pwr A(1 P P et T ) 1 T i U S Dairy (A) (5). U S Dairy (B)... U S Elec Pwr (war). U S Finishing (32). U S Foil (B) (1). U S&Intl S 3d pd 3% U S Lines pf (1).... APRIL 21, 1930. Bales— ~Prev 1900~ uanmlun.u' au High. 22% !8 69% 6 Dividend rates in dollars based on last quarterly 19\& 42% ) 1 . 2% FINANCIAL. Stock ana Bates— Dividend Rate. = Add 00, Coen. Migh, Low S US & Overseas war. 0! U S Radiator (2).... U S Shares Fin. . Utd Verda Ext (4) Utah Apex (50c)...o Utility Pwr&Lt(al). Util P&L B ctfs (a1) Utility & Ind Util & Ind pf Utllity Equities. Vaccum Ofl (14%).. Venezuela Mex Ofl.. Venezuela Ptm(20¢). Vogt Mfg Co (2) Wahl Company. Walker (H) (1)....0 Watson (J W) Co... ‘Wayne Pump - % Wenden Copp 1s West Tab & Sta ( Wil-Low Cafeter ‘Wilson Jones (3). Winter (Benj). . Woodley Petroleum Worth, Inc (A). “Y" Oll & Gas....o 2% Young (J §) (10). ” Zonite Prod (1.60)... 18% RIGHTS. Ind Ter Ill Ofl. Ludlum Steel. Rockl'd L & P 18% 64 64 1% 1% 1% 2% or semi- ) payment. 19% 19% dividend 1n cash of lock B PA3ABIe 18 S1OCk. d PAvable tn Dreferr fPartly extra. iPlus extrs in stock. a Pazable DIVIDENDS DECLARED NEW YORK, April 21 (#)— Regular. Pe- Pay- Rate. riod. lble Alllod Kld of.. ll 62‘ Am Elec Sec pt pf. lue pf. Bach Em & Co pf Do. pf A. 1 OO0 - DIGTONGE -JPONS. | BIONS. OHprorTey 51 Baurans lbudwll'rl Bydd (E G) Mil & Bt Brol s:;x CERE 23 b b Charis Citles semc Do pf. Bo: ml.- Continental Credit. Gumberland Pipe L Pw & mll-s,?&l; AR s Do 4 Decver A" & Gohin. . Bominion ridge.. .. I RR LR _.,,‘..5\_,@_._.'.. 2! ‘,.292 Gardner Den pf Gen Outdoor Adv A Do pt p Gen Pw&Lt pi Giimore Oll . FEIFIBLTE ©EIZRE Baip s S BB B0 383500 836 8! ¥ 00000POO: O DOOOOOOHOOOD DPOOOOOODHPOLRHODOHZPOOO0 | 0oF000] DOOOOODOLODODOOOOOODOZOODOOOOOOLOOODELOLLOPOPPOOPODRERZOO0OD00: £0 concn&magnznno o o > 2 cepm> 333 ;:asfis;fi-‘zfio:’aé Do Parmelcs Tunl 12 Birnie S & Co pt pf_ 4 Powdrell & Alex 87! Do. pf .. u-f % el 8asidnniitig Scotten Diilon Sec Nat In 3§ Shnclair Cons’ & & 51 3 31 D plexel-May Stern JRCEON e EE o 1'sc . St 1% 30 B4 Y Sterling Sec ©' ! Do. 4 stein (A) &°Go. Strauss (SW) I pf Sylvania Ins .. 3% Tenn EI P 5% e:::zs:srgssaz;-:%:s (B 51 Wa rnerp Bros P 3 willys-Bverid ‘pi..317 July Ext Atlan ic_ Coast L.31.80 fuly 10 Charls Corp. Cumberiand P L. xu .’unu u Holyoke Wat P u . Ap Jewel Tea... ... $one 1 Fowdrell & Alex. 3715 May 15 Initial. Prince & Whitley..25¢c June 2 Spencer Tr F Inc. 25¢ Seavser 8t Thom M B Ltd.51.50 .. M July 1 Reduced. g M Abbott Labs June 16 Mascot Oil Co. Apr. 25 Apr. 18 Southern Pipe Line.$5 Resumed. Pachogue Ply M.$1.00 Q Liguidatin Spring Valley Wat.$2 .. Stock. June 2 May 15 May 1 Apr. 18 May 10 Apr. 30 June 2 Citles fune 2 0-Ka S Nae s NEW Yonk COTTON NEW YORK, April 21 (Special).— Cotton prices were unchanged to 6 points lower at the opening of the mar- ket today. With Liverpool closed, trad- ing was considerably below the level of last Thursday. Opening prices were: May, 15.97, off 2; July, 16.08, off 2; October, old, 15.27, off 4; October, new, 15.04, unchanged; December, old, 15.40, off 6; December, new, 15. off 3; January, new, 15.24, off §; Ml.l'ch 15.45, off EARNINGS REPORTED. NEW YORK, April 21 (#.—The Beech-Nut Packing Co. reports first quarter earnings of $554,339, equal to $1.24 a common share, compared with $580,041, or $1.37 a share, in the corre- sponding quarter of 1929, First quarter earnings of the Colorado Fuel & Iron Co. were $1,294,157, equal to $3.27 a share on 340,505 shares of common stock, as against $939,982, or $2.34 a share, during the first quarter of last year. For the nine months ending' March 31, Stone & Webster, Inc., reports net consolidated earnings, including those of subsidiaries supplying engineering and construction service, investment banking service, etc., of $5,860,563, equal 3% |to $4.65 a share on the common stock 25 |outstanding at the end of the period. 3% .Included in the earnings were '2 027, 7% | 516 profit carried direct to surplus on 48 |securities acquired on organization 304" from the predecessor Massachusetts 82% corporation and sold within the period. INVESTMENT TRUSTS Bid. Affiliated Inv Inc.. ._new units. Alex Hamilton Inv A’ Bansicilla Basic Industry. Shates: British Type Invest n. Colonial ‘investors: Cont Metro Bankshares Corporate_Trust Shares. . Foster Inc B Incorp Eauities. . Incorp Investors Insurance Trust Shares SuFtRRe! @55! NEW SECURITIES NEW YORK, April 21 (#)—New se- curity offerings today include: City of Schenectady, N. Y., $2,408,000 coupon or registered gold 4.15 per cent bonds, dated April 1, 1930, and due April 1, 1932 to 1960, inclusive; priced to yield 4.00 to 4.05 per cent, according to maturity. Offered by a banking group composed of George B. Gibbons & Co., Roosevelt & Son and others. Central Vermont Railway, Inc., § 849,000 5 per cent equipment trust cer- tificates, dated December 14, 1929, and to mature December 14, 1930 to 1944, inclusive; priced at 4.00 to 5.00 per cent, according to maturity. Offered by Edward L. Stokes & Co, DECREASE IN COTTON SPINNING IS REVEALED By the Associated Press. Cotton spinning in March showed & Asked. January this year and also from March last year. On a single-shift basis, the Census Bureau today reported the average num- per of spindles were operated at 92.8 per cent capacity, as compared with 97.7 per cent capacity in February and 100.3 per cent in January this year and 109.3 decline as compared with February and | S Inyestment Co of Am com. Do. pf.. BL Investment Tr Tnvestment Trust of N ¥ Investors Trustee Shares. : m. . Northern. Securitie Ofd' Colony Invest Trist com per cent in March last year. Ql4 Colony Trust Assoc Sh Oil Shares Inc un SVersens ‘Secur. The. Petroleum ‘Trad A Reynolds Invest new ond Inc Equities. Securities Corp Gen & Are You Satisfied The Star of South RHEEM & HENSEY Co. WITH the present plan you have of financing the pur- chase of your home? If not, we invite you to consider the Real Estate Loan Plan of the Metropolitan Life Insurance Company. Long Term—Reasonable Rates Consult EAVER BRO REALTORS 809 15th St. N.W. [ District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company Africa BLACK shepherd boy named Swartzboy, prodding stony ground with a stick picked up a lump of earth. That evening he handed his master, Nie Kirk, a diamond—the Star of South Africa —weighing 8815 carats. He re- ceived about $2,000 for it, with which he drank himself to death. Eighty-eight carat diamonds do not roll around the streets of Wash- ington. But those who seek for- tune’s favors will find that a little prodding into their weekly pay en- velopes will uncover hidden riches —wealth in the form of that neg- lected and carelessly spent portion of their salary which, when saved, soon grows into a tidy sum. And wise people, of course, do not dissipate such sums in an orgy of spending. They invest them in sound securities such as the 6 per cent First Mortgage Notes sold through Swartzell, Rheem & Hen- sey Company, whn:h for over sixty- one years have proven safe and profitable. Let us send you our booklet—or better, let us tell you the advant- ages of our mortgages and the se- curity of property and company be- hind them. . SWARTZELL, MORTGAGE BANKERS 727 15 STREET N.W. WASHINGTON D.C. / #e» A_1S REDISCOUNTS GAIN IN FIFTH DISTRICT* Seasonal Increase of More Than $3,000,000 Shown by Week- 1y Report. Specal Dispatch to The Star. RICHMOND, Va.. April 21.—Redis- - counts in the fifth Federal Resefve dis- trict have made a seasonal increase of $3,300,000, due in large part to crop planting, according to the weekly state- ment of the Federal Reserve Bank of Richmond. The total earnings assets of the bank, however, are still about $27- 000,000 lower than at this time last year, which is attributed in part to a: recession in business, In the past two weeks there has been an_increase on the checks handled. . The total reserves of the bank are: In excess of $108,000,000, as against $78, 000,000 for the corresponding 1929 pes" riod. The reserve ratio is 78.12, against 56.56 a year ago. The increased reserve" is reflected in the lower earning assets of the bank. GRAIN MARKET : CHICAGO, April 21 (Special).—Thé " wheat market had an easy undertone” today. Commission houses with for-- eign connections were principal sellers, while locals bought. Buying was stimu- lated on the dip by the forecast for a* cold wave over the Winter wheat belt, May opened 1.05%; to 1.0515, July 1.0615 = to 1.06%, September 1.09% to 1.097 After first half hour, May 1.04%, July 1.06%, September 1.09% 5 Corh was steady on covering by shorts in May. May opened 83%; to 83%, July 85, September 857 to 86. After™ first half hour, May 83, July 845, Sep- tember 8515, Oats were weak. May opened 427 to 42%. July 43'; to 43, September 417%. After first half hour, May 42’7. July 43, September 41% T Provisions were unchanged. POTATO MARKET. CHICAGO, April 21 (United States® Department of Agriculture).—Potatoes, 146 cars; on track, 332; total United States shipments Saturday, 613; Sun-. day, 21 cars; old stock trading good; market strong; Wisconsin, sacked, round ., whites, 2.00a3.10; Minnesota, sacked, round whites, 2.80a2.85; Idaho, sacked,, Russets, 3.75a3.90; few 4.00; new stock trading fair; market slightly stronger; . ‘ngns. sacked, Bliss Triumphs, 4.20a . Money l.o Lonn ured by first dee: Frovariing, interest ong oo Joseph'| Weller 557 Real Estate Loans Made Wm. Gol'dol'l Buchanan Councilor & Buchanan Certified Public Accountants Tower Building National 6110-6111-6213 (Telephone Directory Omission) musmn SHARES WTH u! vnncm- 3 unds and funds of ors Sold in Lots—$100.00 Up Call or Wril Standard Collateral Shares Corporation Woodward Bullding. Met, 8183 First Mortgage Loans Lowest Rates of Interest and Commission _ Thomas J. Fisher & Company, Inc. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 64th Issue of Stock N ln:o ow Open Money loaned to members on easy monthly payments hmu & Con.lll.lb James F. Shea Secretary ntvnmrfl' STOCK THERMOID Pfd. Conve Stock, on curb ‘Exchange; viclds Gver Recommen HIGH RATE OF INCOME WITH GREATEST SECURITY ANNUITIES Cash Refund—Joint—Deferred Send for Information LEROY GOFF INSURANCE—ALL BRANCHES Nat. 0340 Real Estate Investments JAMES Y, PENNEBAKER Nat.5201 1520K St. N.W. First Mortgage Notes FOR SALE In Denominations of $250 and Upwards JAMES F. SHEA 643 Louisiana Ave. N.W. First Mortgage Money for BUILDING LOANS or IMPROVED PROPERTY Reasonable Rates Prompt Action B. F. SAUL CO. 925 15th St. Nat’l 2100