Evening Star Newspaper, April 22, 1930, Page 14

FINANCIAEL. MILLIONS TIED UP TUESDAY, APRIL 22, 1930. THE EVENING STAR, WASHINGTON, D. C, NEW YORK STOCK EXCHANGE | |BOND PRICES DROP | [oxrev vore BONDS stoce excmuvce] Received by Private Wire Direct to The Star Office A-14 FINANCTAL, UNITED EUROPEAN LI NATION IS DEBATED Proposal for Trade and Gov- ernment Combine More in Limelight. BY JOHN F. SINCLAIR. that the greater part of the con 3‘&.; of Europe should unite and be- come the United States of Europe the debatable stage. Wolf von Dewall, foreign editor of the Frankfurter u‘:““'m’:;:’: co.‘:n?cnl ion as “| of world-" - - "’l‘;n and npt;nlu a develoftmem hostile to other continents.” Thirty European countries, he says, already possess - beginning of s common Judicial an governmental structure. Herr von Dewall, however, sees little hope for s mere customs union; re- glonal business requirements will pre- VO ilam E. Rappard of Geneva, Inter- tional student, opposes such & unifi- nc:uon.| He iy the differences in Janguages, religions, legal systems and economic interests are too great to be overcome. Prof. Rappard contends that world prosperity and co-operation de- pend on world-wide consolidation and not on the mere formation of a United s of Europe. stgt:m pmm&'u is not 5o simple as the title sounds. ‘When one of the many large corpora- tions in New York moved from its down- town quarters to the new Chrysler Building uptown, the world's tallest structure, the ition took more than 600 vanloads of furniture and equipment from its old place to its new quarters, where 1t will occupy 14 floors. ‘While the moving was in process, 15 elevators were constantly employed in the Chrysler Building and 10 in the downtown building. But when the hundreds of employes went to the new gquarters on the fol- lowing day every piece of equipment was in its place, and each employe sat down at his desk to take up where he left off in the old offices two days be- fore. s It was New York's biggest Spring moving job. American representatives abroad— Ambassadors and Ministers—are noto- riously underpaid and always have been. Some progress, however, has been made in tge last 10 years to house these Tepresentatives more fittingly. But.the job is far from being completed. As the outposts for American business abroad, it is nothing but good business to fit these men for the position and pay them in keeping with the services ren- dered. ‘The expenditure of a few million dol- lars additional each year would do.won- ders. If Congress would only loosen up its purse for the foreign service, an im- memem would be noted immediately. cost of maintaining ‘l“l'l b:fll:hnlt. well d fore] service wi amply upur‘ by an lfi:"“nn‘ foreign trade, and a growing confidence in rican business throughout the world. America’s policy, in this particular field, has been a source of amazement to other nations. ‘The Federal Farm Board has not ad- vised corn farmers to decrease their acreage, but has confined its suggestions for restriction to the wheat and cotton farmers. Corn acreage in the United States has remained practically stationary since 1919, at approximately 100,000,000 acres. As far 'k as 1869, there were 37.- 000,000 acres of corn in cultivation. This gradually moved up until in 1909 the number of acres in cultivation was 98,383,000. The corn crop does not enter into European competition actively. But it did at one time. From 1850 until 1900, when “the high record of 213,000,000 bushels e: was reached, the prob- lem was different. Since that time, for the llz 30 years, exports of corn have gone down. ‘Today ,each year in the United States, the domestic market absorbs an increas- ing amount of corn, so that an increase in the corn acreage of nearly 2 per eent during 1930 is not alarming. # But, with an increase in cattle defi- nitely under way, the Department of Agriculture believes that the long-time eutlook is for corn prices to be some- what better relative to live stock prices than they have been in recent years. Gasoline taxes increased $2,000,000 & ‘week in 1920 over 1928. Think of $422,- 216,641 rolling into the coffers of the 48 States from these taxes alone, as eompared with $319,906,417 in 1928! But this does not cover all the money received through automobiles. Accord- ing to the American Automobile Asso- elation, taxes against car own- ers went Ilg fro $624,325.670 in 1028 to $767,001,595 in 1929 _average ve- hicle tax rose from $25.24 in 1928, to $28.56 in 1920. This was exclusive of personal property taxes. The average line tax rose from 3 eents a gallon 1928 to 3.22 cents in 1928—a nice juicy melon to cut. ‘There are many State officials that go on the theory that if automobile owners ean pay 3 cents, why not 4, or 5 or 6 eents a gallon? But there is a limit. Of this great amount of money turned into the various States, $297,967,756 was used for construction and intenanee of State highways, another $85,113,708 ‘was poured into construction and main- ::‘;l)du of m:r:alml l’o:‘d':. and the re- ler wen! pay S and count) road bonds. v ‘This business, so big and gigantic now, was unknown a quarter of a cen- tury ago! That’s why American busi- is so hard to analyze or Its mighty sweep astonishes even those closest, to the scene. (Copyright, 1930, by Narth Ameriea S Daver Alitancey o*" News By the Associated Press. The March net operating the Chesapeake & Ol amounted to $2,030,206, as contrasted with $2,639,827 in March, 1929. For the first quarter the road reports 37,892,066, eompared with $8,596,323 for tI responding quarter- last year. Yesterday's gold movement report of the New York Federal Reserve Bank shows imports of $2,400,000 from Peru, no exports, and no net change in the amount of gold earmarked for foreign accounts. income of Avery D. Byler, vice president and general manager of the Edison General Electric Appliance Corporation of Chi- cago, has been elected chairman of the ‘Walker Dishwasher Corporation of Syr- acuse, N. Y, which was recently ac- quired by the General Electric Co. ‘The daily average crude oil produc- tion in California during March was 635,483 barrels, compared with 745,916 barrels in February, the American Pe- troleum Institute reported today. Stocks mver:nll all ucts hcl:] by ¢ thfi principal markef companies at al ints in the P%c Coast territory, cluding British Columbia, Alaska and Hawali, at the end of March totaled 188,970,378 barrels, a decrease of 728,- 345 barrels during the month. Unofficial estimates of the gross reve- nues of the Chicago, Rock Island & Pacific Railway for March place at approximately $1,000,000 helow those of March, 1929, when they totaled $12,- 016,903. Sale_of the assets of the Traveler Shoe Stores Corporation, to the Mel- ville Shoe Corporation was approved by stockholders of the former company today. Pending completion of an audit of the company’s , the terms of Buffale - Calif Received by Private Wire Direct to The Star Offics, (Continued From Page —Prev. 1930~ Stock and w. 1 57 Lambert Co (3)-. 11 6% Lee Rubber & Tire 12 Lehigh Valley Coal.. 70% Lehigh Valley(14%) 891 Lehman Corporation 27 29% Lehn & Fink (3).... 2 91% Liggett & Myers(15) 91% Ligg & Myers B(#5. 35% Lima Locomotive 52% Liquid Carbonie ( 2 2 ). 32% Ludlum Steel (2) 98 MacA & Forb pf (6). 64 McCrory (A) (2).. 14% MclIntyre Pore M(1 61 McKeespt T P(143%). s0n & Rob (2) & Ro pf(33%). 1432 McClellan Stor 70 Mack Trucks ( Dividend Rate. Add 00 S 13) Dividend Rate. St L Southwestern. . St Joseph Lead (13). St L-San Fran (3)... St L-San Fran pf (§) Savage Arms (2).... Schulte Retail'Strs. . Schulte Retail pf(8). 88Ys )o... 24 82% 159% 132 Macy(RH) & Co(n2) 8 140% 14% 11% Madison Sq G (1%). 43% Magma Copper (5). . 8 Mallison & Co 25% Man Elec Supply 30% Man Elev mod (d6).. 20% Manhattan Shirt.... 20% Marmon Motor (2).. 37% Mathieson Alkil (2). 49 May Dept Strs (n2).. 16% Maytag Co (12).... 29% Maytag Co pf (3). 76 Maytag Co 1st pf (§ 26% Meiville Shoe (2). 15% Mengel Co (2) 16% Mexican Seabos 23w Miami Copper (4) 23% Mid-Cont Petm (2). 37 @)... 90 Midland Steel pf (8). 103 Mil El Ry&Lt pf (6). 12% Minn Moline Pwr. .. 72 Minn Moline pf(63%) 1% Minn & St Louis. ... 467 Mo Kan & Tex 87 Missouri Pacific 24 Mohawk C Mills (3). 48% Monsanto Ch (g1%). 36% Montgom Ward (3) 3% Moon Motors....... 584 Morrell & Co (4.40). 1% Mother Lode (40c).. 4% Motor Meter G & El. 50 Motor Products (2) 26% Motor Wheel (3). 12% Mullins Mfg. . 5715 Mullins Mfg p. : 18 Murray (bz%stk). .. 36% Myer(FE) & Bro(2). 45% Nash Motors (6).. .. 121% Nash, Chat&StL (7). EIS-1Y 1 X IOTSPN - P 13 1 3 5 208 3 59% Natl Cash 45% Natl Dairy (32 20 Natl Dept Stores (2) 29 Natl Distillers (2).. 137 Natl Lead (18). 43 Neisner Bros (1.60). . 22 Nevada Copper (3).. 40 Newton Steel (3).... 43% N Y Airbrake (3.60). 167 N'Y Central (8). . 35 N Y Dock... 108% N Y N H & Hi 121 13% N Y Ont & Western. 2 NY Railways pf. 100 N Y Steam pf (6).... 226 Norf & Western (10) 83 Norfolk & Wn pf (4). 508 13% North Am Aviation.. 39 “93% North Am(bl0%stk) 89 4 651 North Ampf (6).... 4 100% North Am Ed pf (6). 46 NoGer Lloyd (3.43). 84 Northern Pacific (5). 82%; North Pacific et (5). . 42 Northwstn Tel (3). % Norwalk Tire & Rub. 13% Oliver Farm Equip.. 31% Oliv Fr Eq ev pt(3).. 2% Omnibus Corp...... 70 Omnibus pf( A) (8).. 43 Oppenheimer Col (5) 63 Oprheum Cir pf (3). 80% 704 Otis Elev,n(2%). 126 118% Otis Elev pf (6 38% 30 Otis Steel (23%).. 19% 16 Pacific Coast 2d pf... 30a 74% B2% Pacific Gas & El (2). 107% 72 Pacific Lighting (3). % 1 Pacific Oil Stubs. ... 140 Pacific Tel &Tel (7). 16% Packard Motor (1).. 50% Pan-Am Petm (B). 4% Panhandle P& R. 48% Paramount-F-L (4). 25 Park & Tilford (33). 2% Park Utah B 17% Parmeles Trans 1%. 2% Pathe Exchange. ... 5 Pathe Exchange (A). 23 Patine Mines (3.89). 6% Peerless Motor Car 263 Penick & Ford (1) 63 Penney (J C) (3). 93% Penney(JC) pf A( 614 Penn Dixie Coment. . 30% Penn Dixie Cmt pf. 86% 72) Penna RR (4). 820 230 People's Gas, Chi (3) 24% 17% Peoria & Eastern. 164% 160 Pere Marquette (1§ 100% pri 55 21% 7 Kl 1 1 1 . 7 12 3 3 2 2 1008 1 165 1 34% Phelps Dodge (3)... 50% Phila Co 6% pf (3). 11% Phila Read C& 1. 24% Phillips-Jones (3). % Philip Morris (1).. 29% Phillips Petrm (n2). 21% Pierce-Arrow (A)... 1 Pierce Oil. 20% Pierce Oil pt 23 Pierce Petroleum 44% Pirelli of Italy(3.14). 154 161 Pitts F't W&C pf(7). 121% 108 Pitts & W Va (6).... bgh Screw 1.40. 100 Pitts Steel pf (7) 8 Pittsbgh Trml Coal 20% Pittston Company. 27% Poor & Co (B) (2). 59% P Rican Am To A(7). 12 P Riean Am To (B).. 97 Postal Tel & C pf(7) 45 Prairie Oil & Gas(2). 54% Prairie Pipe L (15).. 1% Pressed Steel Car 52% Proc & Gamble (2). 123% 81% Pub Serv,N J (3.40). 112% 106% Pub Serv N J pf (§) 110% 107% Pub Serv E&G pf(6 81% Pullman Corp (4) 2% Punta Alegre Sug: 21% Pure Ol (1%) 82% Purity Bakeri, 34% Radio Corp. . 68 Radlo Corp (B) (5).. 19 Radio-Kelth-Orph A. 130 33 Raybestos Man 2.60. 101 141% 120% Reading Rwy (4) 2 64% 44% Real Silk (5).. 3 46% 25% Rem Rand (1.60) 63 100% Rem-Rand 1st pf(7). 2 102 95 Rem-R: 14% 10% Reo Motor Car (80c). 79% 176 Rep Iron & Stl(new) 34% 30% Reynolds Metls 2.40., 80 72 Reynolds Tob A (3). 58% 49% Reynolds Tob B (3). 7% 4 Reynolds Spring. 28% 22% Richfield Ol (2). 26% 18% Rio Grande Oil (2).. 48% 37% Rossia Insur (2.20).. 56% 49% Royal Dutch (3.20). 122% 93% Safeway (e5) 99% 94 Safeway pf (6) 109% 105% Safeway Strs pf (7). 8 51 83 1 108 1 14 5 2 508 27 2 10 5 3 4 5 1 K 708 808 1 40% 21 101% 208 106% 1 T% 2 86% 52! 90 21 76% 108 124 9 3 18 31 70 15 102 2 A 1% 40s 148 20 8% 58 1 160 94% Pere Marq pr pf (5). 110s 100 37 116% 57% 43V 100% and 2d pf(3).. 10s 102 33u 54% 9% 9 a2% 23% 29% 1% 40% 100% 101% 05% 105% 26% 26% 86% 1% 58% 90 24 61% AB% 11% % 1% Tide Wi Union B Unton C: Utd Adre; Utd G &l 4% 76 124 124 ET 18 18 69% 69% 101102 1% 1% 148 148 20% 20% U S Rubl % 8% 1% 32 8% a tern Western Western Whil Wrij Yal ey 56% 41% 100% 102 12% 6% 33 3% 58 5% 26% 22% 41% 53% 54 97% 98% tock.. 6 96 96 96 09% 107% 109% 108 a% in stoek. 2% 6 idend rates as plaasa s ock. Stand Invest Corp. .. 4 Stand O of Cal (2%). Stand Oil Exp pf(5) . 4 Stand Oil of Kan (2). Stand OIl N J (12)... Stand Oil N Y (1.60). Stand Plate Glass. Stand Plate Glass pf.1008 Starrett (LS) (12%) % Sterling Sec (A).... Sterling Sec p£(1.20) Sterling Sec ev pf(3) Stew-Warner(h3 ). Stone & Webster (4). Studebaker Co (5). Studebaker Co pf(7 Submarine Boat. Sun Of1 (11). Superior Oil. Superior Steel. Symington (A)...... Telaut Corp (+1.30). Tenn Cop & Ch (1) Texas Corp (3) 4 Texas P C & Ofl. Texas Pac Land Tr.. Thatcher Mfg (1.60). Third Avenue. X Third Natl Inv (1) Thomp (J R) (3.60 Thompson Prod(2.40; Thompson Starrett. . ter As (60c). Tide Water As pt (6) Tide Water Oil pf(5) “Timken Det Ax(80c). 4 Timken Roller (3)... 4 Tobacco Product Tobacco Products A. Transcontl Oil (30¢c). Trico Prod (2%4). ... Tri-Contl Corp Tri-Cntl Corp pf Truscon Stl (£1.20). Twin City Ra Tr(4). % Twin City R T pf (7) Und-Ell-Fischer (5). Und-Ell- Union Oil of Cal ($2) Union Pacifie (10). .. Union Pacific pf (4). Union Tk Car (1.60). €. Utd Aircraft pf (3).. Utd Biscuit (1.60)... Utd Biscuit pf (7). Utd Carbon (2) U S & For Secur. U 8 Freight (3) U 8 Alcohol (17).. U S Leather. .. U S Leather (A). USPipe&F (2).. U S Realty (6). U S Rubber 1st p U S Smelt Ref (3% U S Steel (7).... U S Steel pf (7). U S Tobacco (4) . Univ Leaf Tob pf Univ Pic Univ Pipe & Rad. Utah Copper (1 e Util Pwr&Lt A (e2).. Vadasco Sales Corp. . Vanadium Stl (14). . Vick Chemical (2%). Va-Car Chem. Va-Caro Chem Va El & Pwr pf (6) Vulcan Det (4) Wabash..... Wabash pf (A). . Waldort Systm(1% Walworth Co (2).... 4 Ward Baking (A). Ward Baking (B). Warner Bros Ple (4). 165 War Bros P pf (2.20) Warner-Quinlan (1). Warren Bros ( Warren Bros 1st (3). 20s Warren Fdy & P (2). ter-Eisenlohr oil & Snow (2). Penn EL pf (8). t Penn EL pf (7). 2608 est Penn Pw pf(6). 208 Western Dairy (B).. Western Union (8).. Westinghse A B (2) . Westinghse E&M (5) 285 thse E&M pf (5) 100s n El Instr (1). Westvaco Chlor (2). Wextark Radio Stri Motors (2). White Sewing Mach. 4 Wilcox Of' & Gas. ... Wilcox & Rich B (2). Willys-Over (1.20). . Wilson & Co. . . Wilson & Co (A) Woolworth (2.40). Worth Pump. . Worth Pump(B) ( iven in the above ba &P test quartel {of trading less ‘han 100 sh 'l’:t’"g. I‘ll o in stocl A . £ Pl 10% in B i "“1! ‘Blus 8% in stock.” K Sales— Add 00 Hish. 1 62 3 46% 6 116% 3 99% 3 18 208 4 Prev. 3:88. Close. 62 60 4635 i 116% 2 Shattuck (FG) ¢t1%) Shell Union (1.40).... 1 Shubert Theatres. Simmons Co (3)..... Simms Petrm (1.60). Sinclair Con Oil (2).. 109 Skelly Oil (2) 18 Sloss-ShefMeld pt (7) 708 Snider Packing...... 1 Solvay Am pf(5%). . So Porto Rico Sug (2] Southern Cal Ed (2). Sou Dairies,A (133). Southern Pacific (6). 4 5 33 1 2 17 1 2 6 20 98 48 4 2 4 2 2 24 396 36 2 8 14 4 1 22 65 10 . 308 P -1 Ty @ ERTTE Y- TSI - F PRS- PSP @ s Fshrpf (7) § & Paper. . ‘bide (2.6 © o= 2 Fude ceeteuLy Ttd Corporation. United Corp pf (3).. Utd Fruit (4) & Imp Utd Stores (A) o & meRaalummeomrnan—n 146 1st pf (3) = ne 583 ET 2 11 w). 7 2 1 3 108 2 2 9 Dairy A (4) Md.... Pacific pf. 4 34 32 (Wm) (4).. & Towne (15). . Yellow Truck. Youngs Spring Young Sheet & T (5) . Zenith Radio........ RIGHTS EXPIRE Am Roll M..June “10 ChiR1&P.. 4 Int Tel&Tel. . Pac Ltg. Peerless Mot C May 9 3 Rossia Ins...Apr28 .. May 1 table a or Ealf yearly o, °% Farils en earn a3 . g Plus 6% in & Pius 3% in stoek. B NEW SECURITIES NEW YORK, April 22 (#).—New se- curity offerings today include: Niagara Share Corporation of Mary- land, $15,000,000 20-year 5)> per cent convertible gold debentures, to be dated May 1950 fered g'm Lee, Hi and others. fornis Water Service Co., $1,000,- 000 first mortgage 5 per cent gold bonds, series “A,” dated April 1, 1928, and due April 1, 1958, pricgd at 98 and ac- crued interest, to yie®™ 5.14 per cent. Offered by G. L. Ohstrom & Co., t Royalty Participations, Inc., 25,000 units, consisting 1 share of preferred and one share of common stock, priced at $15 unit. Offered by -mphcmu&:mz.m ——— ‘Toys sent by Japan to the United States last year were valued at more than_ $1,300, N. & W. OUTLOOK. “While April business thus far is run- ning about 4 per cent below April a year ago, we anticipate an improvement in coal shipments, We believe that Nor- folk & Western's showing for the second quarter will be favorable, but it prob- bly will not exceed the showing made ponding last year,” More than $5,000,000 worth of toys were imported into the United States last year. | Properties. 6415 14 ON BEARISH NEWS Announcements of Heavy Financing Plans Act as Drag on Market. BY F. H. RICHARDSON. Special Dispatch to Che Star. NEW YORK, April 22.—Definite news that close to $150,000,000 of new bonds will be offered for distribution before the week is ended proved an unsettling factor in today's bond market and out- standing bonds of the issuing bodies declined with most of the rest of the list. The exception was the high-grade group. Convertibles, of course, paralleled the downward movement of the stock mar- ket, the leader in this section being American Telephone & Telegraph con- vertible 414s. In connection with the American ‘Telephone 4!, per cent convertibles, it is interesting to note that savings banks and some life insurance companies which held large blocks of these bonds, and who are debarred by law from ex- ercising their conversion privilege, are now disposing of their holdings, pre- sumably on the theory that the dilu- tion of the company's stock by the re- cent one-in-six offering of new stock will cause a permanent lower level in the bonds. There is, however, a dilu- tion protection in the debenture which should offset most of such a decline. This provides for the adjustment of the con- version price to conform with addi- tional stock issues. The bonds were lower today as a result. The 4! per cent refunding mort- gage New York, Chicago & St. Louis Railroad bonds brought out about a month ago at 97); are now quoted at 9415, with the syndicate closed. This Is evidence that not only have many of the new bonds not been sold, but that in the enthusiasm of the low- money period in March they were brought out above prices that would attract the institutions that were ex- ].‘::H‘ehd“w'ol:ltly them. Other l“l;‘el"un! are expeced to - r:loledH from I‘:hme to time. - owever, the experiences of these underwritings have not discouraged the sponsors of offerings announced today. { The B. F. Goodrich Co. announcing a { $400,000 first quarter deficit, after de- preciation, but before interest charges, coupled with it the statement that $30,000,000 convertible 15-year 6 per cent debentures will shortly be put out. At the same time the board of directors is to submit a plan for increasing the stack from 1,500,000 shares to 4,000,000, g:n of which is to be held inst the nd conversion feature. e report points out that no glrt of the reserve of :;é:d:o.ow provided in 1929 has been Another large issue is $30,000,000 *| General Theaters Equipment 10-year 6 per cent convertibles. This is th - tial financing incidental to the lc;l:ll:L tion of the Fox Film and Fox Theater FOREIGN EXCHANGES, (Quotatinns furnished by W. B. Hibbs & Co.) Nominal gold Selling value (or par) ot $4.8665 8¢ Washington Stock Exchange SALES. Potomac Electric 6% pfd.—5 at 113. 5 National Union Fire Insurance—10 at Mergenthaler Linotype—10 at Real Estate Mtge. & Gr. pfd.—100 AFTER CALL. Mergenthaler Linotype—10 at 1075, 10 at 107%, 10 at 1075, 10 at 107%, 10 at 1075, ‘Washington Rwy. & Elec. 45—$1,000 at 8712, $1,500 at 8715, W:.;g}l/lmn Gas. 65 “A"—$1,000 at Y. Potomac Electric 5! % pfd.—3 at 108%, 2 at 1087 1073, at 7. Capital Traction 55—3$2,000 at 95, $500 at 95; $1,000 at 95, Peoples Drug Stores pfd—10 at 108*,|s. 10 at 10873, Bid and Asked Prices. MISCELLANEOUS. Barber & Ross, Inc.. 6" Cham.-Vanderbiit Hotel, 6%s. Chase Club 5% Wash. Cons. Tit PUBLIC UTILITY, Tel. & Tel. (9) NATIONAL BANK. Capital (14). Col e 131) (88) - 3 Washington Loan & Trust (14). 498 SAVINGS BANK. Bank of Bethesda (6§)... Commerce & Bavings (10) East Washinston (12) Potomac (10) s FIRE INSURANCE. American (12) Corcoran (10) Firemen's (8) : National Union ' (18)’ TITLE INSURANCE. Columbia Title (8h) Real Estate Title (6h). Title & Inv. Co. Md. co sZug Sseyat 5. 55883L G UNITED STATES. (Sales are in 31,000.) High. Low.. 1005 1003 10114 1018 10123 101 20 100 10 100 10 100 14 100 14 10419 1048 10710 1077 11117 1107 1 Sll'li US4u%s52.. Argentine Argentine, May "61. Argentine 65 A. ... Argentine 6s B Australia 4%s Australia 58 '55. Australia 58 '67. Austria 7s.... 2 Bank of Chile 613 Bank of Chile 6% Belgium 6s. Belgium 6%8 Belgium 7s°55. Relgium 78’6 Belgium 7%s Belgium 85 Bolivar 78 '58 Bolivia 78 ctf! Bolivia Bordeaux Brazil 6% Brazil 618 "2 Brazil 7s Brazil § Canada 5s'31 Canada bx ‘52 Chile 63 '60 Chile Chile Christian Colombia 6s,Jan Con Pwr Japan 7s. . Copenhagen 4% s '57 Copenhagen 58 rets Cuba 5%s 5 Czecho 8551 Czecho 85 '52 : Danish Munic 8s A. Danish Munic 85 B. Denmark 4%s..... Denmark 5%% '55. . Denmark 6s. Dutch East T B Dutch East T 6562, El Salvador 85 °'48. . Fiat 7s ex war '46.. Finland 6%s Finland x f 65 '45 Finland 7x. Frameric: French 7s. French 7%s. German Bank 6x German EI P 6% 104 974 9T M9 9% 102% 102% 108% 108% 12 112 107% 107% 116% 116% 110% 110% 82 82% 8% 80 97% 98% 1031 103% 85 85 84% Bd% 9k 9% 99% 99% 100% 100% 105 105% 4 100% 100% 101% 101% 80l E0% 100 100 92% 92% 974 9% 100 100 109% 109% 110% 110% 109% 109% 109% 109% 92 92 100% 100% 104% 105 101% 101% 101% 102 107 107 M 4 90% 908 96% 97 100 100 108Y% 108% 174 117% 121% 121% 891, 8914 4% 94N 108% 10R% 103% 103% 86% 8T% 98 98% 102% 102% Haiti 6s. Hungary 7158, ..., Trish Free State 5s. Ttaly 7s - Ttalian Pub Sve 7s. Japanese 4s....... Japanese 61;s.. ... Jugoslavia Bank 78 Karstadt 6s°43.... Kreuger&Toll 5s ct. Lyons 68 Mex 481910 asst Mexico 5s asnd Milan 6%s. . Montevideo 7 81% 81k 7% 8% 99 99y 108% 103% 1% 11% 17% 17% 1 a1 100 100 87% 87% 87% 874 103% 108% 9815 9R% 100% 100% 103% 1084 103% 103% 100% 101% 90 90 98 98 102% 102% 104% 104% 101% 101% 80 80 Norway 6544, Norway 6% '53 A e e e T L ) Paris. Paris Orleans 5 Peru 6s'60 Peru 6561 Peru 7s Pirelll 78 52, Poland 6s 40 Poland 7s (re Poland 8= Prague 7 Queensland 6; Queenland 7s. ... . Rhine Wat EP 65'52 Rhine West6s '53. . Rhine Wst EP 7850 Rio de Janeiro 614. Rio de Jan 8s '46 Rio Gr du Sul 68’ Rome 615 Sao Paulo Sao Paulo '50 80 %0 9715 9T 107 107 8% 78% 95 107% 107% 101% 101% 108 108 90% 90 90% 90% 103% 103% 80% 81 102 6% T8% 9% 9% 100 100 98% 984 97 97 107% 107% 844 84% 5% 95% 90 90% 103% 103% 104 104% veolaman % | Laclede G 5%s '52. 107% 107% Utd S8 Copen 65'37. Uruguay 6s°'60 Vienna 6s '52 Warsaw 7s i Yokohama MISCELLANEOUS. Abitibl PAP 5s’'53.. 29 ¥7% 86% 86Y Abramé&Straus5%s 1 102% 101% 102% Alleghany Cp 68 ‘44 41 102% 102% 1023 Alleghany 6s’49... 12 101% 101% 101% Allis Chalm 55°37.. 10 1014 101 101% Am AgriChem 7%s 1105 105 105 Am Chain 6s°33.... 4 101% 101% 101% AmChem 5% scv'49 7 108% 108 108 Am Cotton Ofl 5s... 7 100% 100% 100% AmIntCor5%s'49 21 100 991 100 AmNatGas 6148'42 27 839% 88 89% AmSmit&R 1 9 101% 100% 1013% Am Sugar Ref 2 103% 103% 108% 260 74 169% 174% <186 103% 103 103y% « 2 104% 104% 104% - 24 103% 103% 103w 4 107% 106% 1064 10 102 101% 102 1 s0 80 80 1 88% 88% 88% 10 83k 821% %3y 5 102% 1021 1023% 1 76% 176% 764 6102 101% 101% 7106 105 105 7107 106% 107 1 101% 1014 101% 1 104% 104% 104% 17 96% 95% 96% 10 101% 101 12 83 Am Wrtg Pa 65’47, Armour&Co 4% s'39 Armour, Del,5}s. . Asso Ol 6s. Atl Gulf 58 Atl Refinm, Bell Tel, Pa, 53 (B) Bell Tel Pa 58 (C).. Bethlehm Stl pm 58 Brklyn Edison 5s. . Chile Copper . Col G&EI bs,May's2 Colon Oil 65738. . ... Com Invest 5% Com Invest 6 Con Coal. Md, 5s. .. Con Gas N Y 5%s. . Cuban Am Sugar 8s Det Edison 58 "40. .. Det Edison 63 6 % 93 93 8 97% 9T% 974 2 685 556 66 18 106 105% 106 10 99% 99% 99% 5103 10214 103 3 107 4% 107 5 96% 96 6 1 103% 103% 108% 20 100 99% 100 1 8 85 85 1 102% 102% 102% 27 103% 103% 103% 5 1025 1028 102% 2 105% 106% 106% %107 107 107 12 93% 93% 93 1 86 86 86 7101 100% 100% 2 101% 101% l01% 1 104% 104% 104% 7 99% 98% Donner Steel 7s. ... Duquesne 4355 '67. . Fisk Rubber 8s Gen Cable 535 Gen Mot Ae Cor Gen Pub Sve 5%8. . Gen St Cast 53549 Goodrich 6% Humble O & R 5%s. 111 Bell Tel 111 Steel 4% 40, Inland Steel 4% ‘78 Intl Cement 55 48. . Intl Match 6847, .. Intl Mer Mar 6s.... b5 100% 100% 100% Intl Tel & Tel 4%s. 1 90% 904 904 Intl T&T 4%s cv...180 126% 123% 126% Intl Tel&Tel 65°55.112 96% 964 96% Kan City P&Ltbs. 5 10444 104% 104% KanG&E6s'52... 1 1054 105% 106% Lackawanna Stl 5. 3 10214 1024 10214 Laclede Gas bs. 1 101% 101% 101% 2 102% 10235 10214 7 85 84% B4 6 103% 103% 1084 1120 Lautaro Nitrate 6s. Ligg&Myers 5: Liggett & Myers 1 Lou Gas&El 58 '62. . Manati Sugar 7% Midvale Steel bs. 6 101% 101 101% 2 01 ‘61 . 6 100% 100% Montana Pwr '43... Nat Dairy 6% Vat Radiator Nor Ohio Tr&L Nor States Pwr 5: Nor States Pwr 6s. Pacific Gas & E1 § PacT&T 1st bs. PacT & T 58°52. Paramount 63’47 Phila Co b8’ Phila & Read Phillips Pet 5% Postal Tel &C5%s Pressed Stl Car 8. Pub Sve G 414567, Pub Sve Gas 4% Pure Oil 558 '37.... Rem Arms 6837 .. Rem Rand 5% s war Richfield Oil 65 "44. Sinclair Oil 6s. Sinciair Ol 635x. Sinclair Oil 7s. Sinclair Crude 5% Sinclair PL5s. ... Skelly Oil 5% South Bell Te| Southwest Bell bs. . So Por Rico Sug 7s. Stand Ofl, NJ 46 Stand Oil, N ¥.4% Tenn El Pwr 65'47. Tex Corp cv 55 ‘44. . Transcont] Oil 6% s United Drug 58 '53. U S Rub 1st rf bs U S Rubber 7% Utah Pwr&Lt b Utilities Pwr 5% Walworth 6 Quin 65°39. ... Warner Sug 7s *41.. Western Elec bs. ... Westn Union 634s. . White Eagle 5%s. . Wickw Spen 1s Willys-Ov 6%s '33. Wilson & Co 1st 6s. Youngstn S &T 5s. . RAIL A T&SF cv 45 2005. Atchison gen 4 Atch deb 4% ‘43 At&Bir4s'33..... Atl & Dan 1st 48'43 Atl,Coast Line 4s Atl'Coast L 1at 4s... B&Orfimpés.... B& O PLEWY 4s.. Boston & Maine 5s. Brdwav&Tth Av Bklyn Elev 614s. Bklyn Manhat 65 Bklyn Un El 5s sta. CanNat4%s'68... Can Nat 5s. Oct '69. Can Nor 6%5...... Can Northern 7s Can Pac deb 4s Can Pac 4148°46. Cent of Ga 53C & Central Pacific 4 Cent Pac 1st 55 '90 Ches&Ohio Corp 5s Ches & O gen 4%s. . Ches & O 414593 A Ches &0 4%8 B'95 Chi & Alt 3s. . CB&QUI3Ys. C B& Q gen 45°53.. CB&QIstre5s. .. Chi & E 11l gn 55 51. Chi Gr West 48'59. Chi Ind & L ref bx ChiMilStP&P 55'75. CMSP&Pac adj5s03 Chi NW 41452037. . Chi & NW con 4%s. Chi & NW ref 5 ChiRI&P gnds.. 854 R5% | 95 CCC&StL 55 (D). .. CCC&StL6s (C). Clev Term 414577, Colo & Sou 43 Cuba RR7%s..... Cuba Nor 5% s rets. Trel & Hud 1st rf 4s Del & Hud cv 5 Del & Hud 7s '30 Den & Rio G en 4 Den&RGW 4158 Den&RGW 6s '55 DRG&Wst 55’78, . Des M&F'D 4s ctfs Erie 551930 w.: Erie Genessee Rs 63 Fla East C55'74... Grand Trunk 7 Gt Northern 5s.... Gt Northern 5 Great Nor gen s Hav ElRv5%5'51. Hocking Val 4%s Hud & Man adj 5 Hud & Man ref 111 Cent Chi 4%s... 2 111-C-C-StL&NO 5s. Int Rapid Trans 6s. Int Rap Tr 6s stpd. Int Rapid Trans 6= Int Rapid Trans 7s Int & G Nor 1st 6s. Int Rys C Am 5s Int Ry C Am Kan City Ft S 48 Kan City Sou 3s. Kan City Sou 5 Kan City Term 4; Lake Shore 45 °31.. Lehi Valcon ds. ... LehV gen 41 % 2003 Long Isl 53 ‘37 L &N uni 4s. L&N4%s2003. &NbYs. ManRy 1st 4= '90. Market St 75 "40. Mil Bl Ry&Lt 65’61, Mill El Ry&L 58'61. M StP&SSM con 4s. M StP&SSM 5s gtd. M StP&SSM 648 MK & Tex 1st 4 Mo Pac 55 G 78 Mo Pac5%s'49 cv. Nassau El 4s ‘51 L17 978 91w 97w N Y Cen deb 6s. N Y C&StLdeb 4s. NYC&StL4%sC. NYC&StLG5%sA NYC&StL5%sB NCC&StL6s'31.. N Y C&StL 6s N Y NH&H 4857 NY NH&H 4%s NY NH&H cv db 68 Norf & Wn con 4s. . Nor Pacific 35 2027. Nor Pacific 4s. . Nor Pac 4%s 2027 Nor Pacific 5s (D). Nor Pacific ref 6s. . Ore Wash 1st 45 Penna 4548 Sta Penna 4343 1 Penna ge: Penna O&Det 4145 Pere M 41,5 1980, . Pere Marq 1st K PortEIPL 6 -~ Sales. High. 4 102% . 24 93 " 18 110 - 25 3% 53% 53% D289 94 94k 94y 3 Low. 3:88. 102% 1024 99 8% 98% 27% 26 113% 113% 9% 13 3 102% 102% 101% 101% 101 101 105 106 101% 101% 102% 1024 104% 104% 103% 103% 100 99% IN HIDDEN ASSETS - Many U. S. Securities Have Not Been Redeemed by Owners at Maturity. BY J. C. ROYLE. ‘Treasure trove greater than that | buried by all the pirates in the world exists in the United States, according to information obtained from the Treasury Department. Millions are involved in Government securities which have matured or been called for redemption, but have never been turned back. The Government has the use of this sum interest free, and it is the belief of the Treasury officials that few of these securities will turn up for redemption. 981, 98 95% 96% 1034 103t 104% 104% 104% 103% 103 103 10 96% 7 81 1021 95 1 103% 103% 2 108% 108% 1 106% 106% 3 102% 101% 6 102% 1024 ROAD. 1% of the newer maturities to light. 93% 93% 9815 34> 34 93% 934 9% 98% 88 88 5% 98% 95% 8 101% 101% 101% 1115 115 116 5 110% 110% 110% 5 8 85 85 T 99% 98% 99% 5 100% 100 100% 92% 93 14 102% 102% 102% 23 100% 100% 100% 9i 98% 95% 95% 69 86% 23 39 3 103 £l 103 9114 73 69 68 6814 10 97 97 97 41 101% 100% 101 16 1065% 106% 106% 1 100% 100% 100% 105 5 116% 115% 115% ‘This is not the only hoard, however. Huge sums in currency are outstanding, and the Treasury does not have the faintest idea where much of it is. Change Completed Rapidly. The change to the new small siz bills has been nearly completed. In tI cities and banking centers it is seldor. that the old large stred bills are seen although it has been but nine monthy since the change was made. There re- mains outstanding in currency $1.336,- 000,000 in old bills. This is nearly 20 per cent of the amount which was ir circulaung when the new bills were tuced. No small part of the total of securi- ties and currency which has disap- peared from view is in hoards hidden by the owners and never found. Some undoubtedly has been lost or destroyed in various ways. Of the securities those issued at the time of the Civil War probably will never be presented for redemption, and very few of the pre-World War securi- ties are expected to be returned. ‘Wrecking of old houses may bring ;me me have been stolen and the thieves have been afraid to attempt to hypothecate them. A large sum in the two Victory note issues still is outstanding. This applies also to second and third Liberty bonds, although interest on these has ceased. Many of the war savings stamps have been retained as souvenirs. Souvenir Collections. ‘The souvenir habit of Americans also is held responsible for the failure of many of the large bills to be exchanged. People have retained them to fill out complete collections of Government cur- rencies. There are thousands of bills throughout the United States framed in commemoration of the first receipts of a new business. The banks hold most of the $500, $1,000, $5,000 and $10,000 bills. finding them convenient for re- serve pu 3 Thepremn of the large sized bills came as a surprise to the Treasury offi- cials, for it was thought that the dis- trust of banks 'kll;ch once exgohed had passed completely away. mpara- tively large amounts are in existence in foreign countries, where they have been sent by forelgn-born _residents who lacked faith in the stability of foreign currencies. The Treasury Department benefits from this situation, but it would far rather have these idle dollars at work than hidden away. But what is really a mystery to the department is why the $2 bill, so unpopular in many sections and termed unlucky, should be in such nd in New England. heaTy e rient. 19305 NEW YORK BANK STOCKS NEW YORK, April 22 (#).—Over-the- arket. counter maoSeT companEs, B Harover Ghem Bank & Trust Corn _Exc] 2 104% 104% 104% 3 98 98 98 2103 103 103 1 103% 103% 108% 17 91% 97 9Tu 3 99% 99% 99% 3 87% 87% 87% 16 66 65% 65% 14 1101 93% 984 93% 101 101 4 100% 100% 100% 12 2 12 24 167 95% 95% 5113 113 13 18 59% 59 59 5 111% 111% 111% 10 105 105 105 4 109% 109% 109% 109% 109% b7 97% 9 974 2% 29 96% 104 104 U 12% 70w 124 20 2% 70w 2% 2 59% 594 69 1 108 T4 93 93 2 96% 96% 96% 2 5% 6% 5% 2 101 3 90 1 99% 99% 99y 6 384 88% 88y b 98% 984 98% 1 102% 102% 102% 57 D11 95% 954 964 9 9T 9Th 9T 7106 106 106 5 %% 94 94 1 101% 101% 101% 1 100% 100% 100% 2 90 90 90 3 9% 9T 97w 2 101% 101% 101% 1 871 87w 874 1 107% 107% 107% 0 79 5 99% 98% 98%, 9 111% 111% 111% 2 B4Y BA% B4y 1 101% 101% 101% 16 105% 105% 105%; 1 106% 106% 106% 1 9% 99% 99% 16 95% 94% 95% 2107 107 107 16 1067 106% 106% 1 101% 101% 101% 3 102% 102% 1024 17 80 80 80 1 92 91y w2 20 126% 125 125% 1 105% 108% 106% 2 88% 88K 884 2 M T2 124 3 9215 9215 9215 1 66% 66% 66% 4 904 904 904 26 9T 9T 9T% 10 104% 104% 104% 12 112% 112 112w 2 88% 88% 88% 10 95 9% 95 Y9% 98U 99% 7 99% 99% 994 6 108% 107% 107% 2 103% 08% 103% County . Equitable Guaranty Irv Manufactu; New York. Westcheste: America . Harriman Natio: Manhattan Co. INVESTMENT TRUSTS NEW YORK, April 22 (#)—Over- the-counter market: ng g Cont Corp. . Amsot Stana Orlais 12% i3% Do C Federated ‘Can Incorp Investors. Investment Trust of N Y. Mohawk_Invest com No Am Trust Share Second Inc Equities. Securities Corp Gen Trustee Stand Oil Share v'EEe Lt &P BALTIMORE RATE PLEA DENIED BY COMMISSION By the Associated Press. Petition for reopening of the request of the Baltimore Chamber of Com- merce asking establishment of s dif- ferential export and import freight rate moving through Baltimore of 65 cents under that at New York was dis- missed today by the Interstate Com- merce Commission. After the commission had denied in December the request for the increased differential, the Baltimore Association of Commerce, the Philadelphia Board of Trade, the Philadelphia Bourse, the Philadelphia Chamber of Commerce and the Port of Philadelphia Ocean Traffic Bureau asked reopening, hold- ing that the present differential :lmmmud to unreasonable discrimina- on. Port RL & P 58 '30. Reading gen 4% A. RIArk&L 4% St L IM&S gn 55 31. StL IM&S R&G 45 StL&SFpl4sA. 5 100 8 98% 2 98% 5 101 99% 99% 9813 981 98% 984 100% 1003, SB All Fla 65'35 B.. . Sou Pac clt 4s. Sou Pac ref Sou Rwy gen4s.... Sou Rwy con bs.... Sou Rwy 6%s..... Sou Rwy Mo & O 4s Term Asso StL 5s. . Tex Ark F'S 5348’50 Tex & Pac 5s B '17. ;'fl Pac5sC'79. hird Ave ref 45’60 50% 50 Third Ave adj 5s. .. 28 30 Tol StL & W 45 °50. AN 91N Un Pac 1st ref 4 %0 90 Union Pac 3 1 89% 89 89% Union Pac 60 94% 94 94 Virginia Ry 1st 6s. 13 1044 108% 104% Wabash 4%s'78 ret 16 92 91% 92 Wabash 55 '7 108% 108% 120 120% 93% 93% 102% 102% 104 104 101 101 101 101 27 109 108% 109 1 96% 96%. 66 96% 95% 96% 2 103% 108% 103% 1 9% 99% 9% Wabash 5%s 76 tern Md 4s. ... t Md 54877, . Shore 45 61. West Pacific 5s. ... Wia Cen gn 48 43,0 31 108% 103% 103% 18 82% 821 824 5 98% 98, 98% 1 87% 87% 8T% 1 9 99 9 3 0 B »n