Evening Star Newspaper, April 22, 1930, Page 15

4 . . FINANCIAL. THE EVENING STAR, WASHINGTON, CURB STOCKS GAIN * AFTER EARLY DROP| == Market Continues Irregular, Although Many Issues Rule Much Higher. BY JOHN A.'CRONE. Epecial Dispatch to The Star. NEW YORK, April 22.—Numerous new record high prices for 1930 were scored by leading curb exchange se- curities today despite the slackened trading pace and the frregularity that marked price trends. Although Electric Bond & Share, American Superpower, United Light & Power A and other leading power and light issues opened lower, many of them improved as the session Froxremd Cities Service was fractionally lower. Commonwealth Edison lnd Eastern States Power B were the first utilities to surpass previous peak prices. St. Regis Paper was a trifle better, following Publication of annual report of the Niagara Hudson Power Corporation, which showed the paper company owned 16.6 per cent of its stock and was, there- fore, its largest shareholder. Niagara Hudson Power moved within narrow limits despite reports on the floor that the stock soon is about to oe transferred to the New York Stock Ex- change. Utility executives understand Niagara Hudson and Consolidated Gas will be combined. COMMODITY PRICES - DECLINE DURING WEEK Commodity prices declined three- tenths of 1 per, cent during the week ended April 19, according to the whole- sale price index of the NBtlonll Fert)- lizer - Association. The decline was partly due to delayed decreases in the prices of copper, agricultural imple- ments and housefurnishings. Material reactions from recent advances, how- ever, also occurred in cotton, wool, silk, grains, feeds, cattle, lambs and sheep. Slight, seasonal declines occurred. in rosin and turpentine, but these were more than offset by a further seaional advance in petroleum and gasoline. Materia] advances occurred in butter, Notico—All stocks are sold tn those High. 13% ¥ 331 109% 16% 16% 102 % 141 6% 18 21 40 16% 4% certain foods, Tgerphoxphnle and cot- tonseed meal. total declines num- bered 39 and the advances only 18. The net advance in the index since March 15 has amounted to eight-tenths of 1 per cent. Based on 1026-1928 as 100 and on 474 quotations, the index stood at 92.0 for the week ended April 19; at 92.3 for April 12, &b Il 8 for April 5 and at 91.3 for Mll‘ch CHICAGO LIVE STOCK MARKET CHICAGO, April 22 () (United Btates Department of Ariculture) —Hogs —Receipts, 25,000 head, including 9,0 direct; opened 10al5c lower; later trade fairly active and 5a10c lower; top, 10.30, pald for a number of loads. 170-210 nd butchers; medium to choice, 250- pounds, 9.4 mxo 15; 200-350 ;o .30; 160-200 pounds, 9.75a10.30; 130-160 pounds, 9.60a10.30; packing sows, 8.65a9.50; pigs, medium to choice, 90-130 pounds,9.00810.00. Cattle—Receipts, 7,000 head; calves, 3,000 head; nnernuy steady market on all classes; supplies and domand being fairly well matched; best heavies, 15.00; weighty steers continue in broadest de- mand, but common and medium kinds getting moderate action; scarcity of she stock assisting lower ‘nde steers; top, 15.00; slaughter classes, steers, good and choice, 1,300-1,500 pound 12.50a15.00; 1,100-1,360 wunds. 2.25a15.00; 950~ 1,100 pounds, 11. ‘15-10 50; common medium, 850 .pounds up, 8.50a12.50: led yearlings, - good ‘and choice, 750-950 pounds, 11.50a14.25; heifers, good gnd choice, 850 pounds down, 10.50213.00; common and medium, 7.75a10.50; cows, and . choice, 7.50210.50; cows, good and choice, 7.5029.75; common and me- dium, 6.00a7.50; low cutter and cutter, 5.0026.25; bulls, good and choice (beef), 7.75a9.00; cutter to medium, 6.75a8.10; vealers (milk fed), good and choice, 9.00a11.50; fum, 8.0089.00; cull and common, 6.00a8.00; stockers and feed- er steers, good and choice, all weights, }gfinu.fi: common and medium, 8.00a Sheep—Receipts, 16,000 head; slow; bids and sales weak to 25 lower; indi- cations bulk fat lambs 9.50a9.75; early top, 10.00, some held higher; shorn lambs around 8.50a9.00; fat ewes quot- able, 6.00 down; native lpfln: lambs, 13.00 down. Lambs, good and choice, 92 pounds down, 02611026' medium, 8.50a9.50; common, 8.00a8.50; medium o choice; 92-100 pounds, 8.25a10.00. Ewes, medium to choice, 150 pounds down, 4.7526.00; cull and common, 2.50a 5.00. Feeder lambs, good and choice, 8.5029.00, Sulesin DOMESTIC BONDS. thousands. High. Low. Noon. 3 Aluminum Co 5s '52102'; 102'; 102% 10 Am Cmwih Pw Am Cmwih Pw 6s '49103 102% 8 Aer Bor Fow 553 2 :g ML T s Tel Ut oias 44 C 1011 l!u.ex Jaly 6s 42 ww 1073 *rel*Can s B, 51 wu. 3 Binad Pacific by 1 ZLhin B 8 o {Minn P & L 4% a 20Mo Pac R R 55 H wi o Net B & 'L 65 A 2028, l06rs P8 5 80 FOREIGN BONDS. uen Air Prov 7s k 6s ‘31 99% hile Mk Bk & 82 00l k 55 (37 89% 98 96% ] h issued. b With warsants. B Without warrants. 22% 24% 49 2T% 4% 9%, 38% 16% 84% 33% B54% 59 43 29% 14 9T% 10% 87% 29% 36 121% 16% l“fi 6 43 9% 4“ 14% 49 160% 29% 16 66 mnmm- (68s) (388e), = e g ety Lo S T o T ~Prev. 1930.—~ Stock and Dividend Rate. Aero Supply (B).... 21% Ainsworth (£2%). 3% Air Investors v.t.c. 119% Ala Great Sou (t 126 Ala Gt Sou pf (17) Low. % Allied Avia 10% Allied Mi 276 Aluminum Co of Am 4% Am British & Cont. 14 Am CP&L(B)(10%) 23% Am Com P(A) b10%. 4% Am Cwith P(B)10% % Am Control Oil Flds. 256% Am Cynam B (1.60. 60% Am For Pwr(war). . 113% Am Gas & Elec (11). 106% Am Gas&Elec pf(6). 10 Am Invest, Inc (B).. 1% Am Maricabo. 74 Am Natural Ga: Sales— Add 00. Open. High 2 1% 1% 1 30% 8% 12 21 9 3 6 13 6 21 9 12! 56% Am Salamandra (3). uperpwr (1).... uper 1st pf (6). 10% Am U&Gen B vtc 400 17 Amrad Corporation. 10 Anchor P F (b10%). 15% Anglo Chil Nitrate. . 13% Appalachian Gas & Ariz Globe Copper. .. 8% Arkansas Nat Gas. .. 8% Ark Nat Gas (A) Ark P&Ltpt (1).. 18 Art Metal Wks (3) 2 Asso Dyeing & Ptg. . 47% Asso Gas & Elec (n). 36% Asso GAE (A) 12.40. 7 Asso G&E (A) dbrts 39% Asso Rayon pf (6).. 26% Asso Tel Util (b7%) 154 Atlantic Secur 221 Atlas Plywood (2).. 6% Auto Music (A) (1). 9% Auto Vot Ma cv pf pt 24% Aviation Corp of Am 124 Aviation Credit. 122 Babcox & Wil (19) 2% Bahia Corp.... 5% Bellanca Aircraft. 14% Bickford's, Inc (1) 10% Butler Bros (30c). 3 Cable Radio T v.t.c.. 26% Carnation Co (3. 224 Canth Sw U(bl%) . 348 PS8 (A) 1 19 Cent States Elec 1400 4% Centrifug Plpfllflc) . 88 Cities Srve pf (6)..+ 8% Cit Sve pf B (80c 4 Clark Lighter (A). 16 Clark (DL) Co (1% El Illum (1.60). Clev Tractor (1.60).. 17% Colum Ofl&Gas w.1. 24 Columbia Pictures. . 42% Colum Pictures v.t.c. mh Columbia Syndicate. 33 Com’with & Sou war. 12} Comm Wat Serv b6 % 4% Consol Auto Merch., . 1% Consol Au Mer cu pf. b Consol Copper..... 18% Cons Dairy Prod (2) . 90% Con Gas, Balto(3.60) 2115 Con Gas Util A 2.20.: 11 Con Gas UtilB v.t.c.. 3 Consol Instrument. 10 Consol Laundris & Consol Nevada-Utah 10% Con Retail Strs (1).. 4% Consol Royal (80¢c).. 124 Continental Ofl..... 28 Cooper Bessemer(2) 114 Cord COrp........ 12% Corroon & Reynolds. 71% Cor & my P (A)(8). 50 Co 60 Cosden Oll Bt (7). 10% Courtaulds (50c). 5% Creole Petroleum. 18% Crocker Wheeler 30 Crown C&S pf(2.70). 1% Curtiss Wright war. 1 Cusi Mex Mining. 18% Davenport Hos (2).. Deere & Co (16). 6% DeHav.Air Itd ret 50c 43 Derby Oil Refining.. 30 Derby Oll & Ref pf 5 Detrolt Aircraft 10% Dixie Gas&Utilitie 1634 Doehler Die Casting. 12% Douglas Air (76c).. . 71 Dow Chemical (2). .. Dres(SR)MIg A 3%. 41 Driver Harris(new). 8 Dubilier Cond & Rad 145 Duke Power (35). 4% Durant Motors. 26% Eastn G&F Asso 18% Eastn Sta Pwr B(1). T% Eastn Util Inv (A).. 13 Educational Ple pt.. 14 Etsler Eelectric(1%) 80% El Bond & Sh (b6).. 108% El Bond & Sh pf (6). 80W EBS, Inc An-v(2).. 44% Elec House Utll(2).. 24% Elec Pwr Asso (1).. 22% Elec Pwr Asso A (1) 15% Elec Shareholdg($1) 82 ElSharehold pf (6). 19% Emp Pub Sv A(1.80) 40 Empire Power (2)... 6 Empire Steel Corp. .. 22% Employ Reins(1%).. % Engineers Gold. 18% Europ EL Ltd.A 8 Euro Elec deb rt 34 Evans Wallow Lead. 2 Fabrics Fininshing. 8 Fairchild Av % Falcon Lead. . % Fandango Corp. 22w Federat Metln(t1% )' 40 Fischman Sons (A).. 25 Flintkote (A) (1%). 18% Fokker Afrcraft.. 5 Foltis Fischer Corp. 28 Ford Motor, Can(A). 64 Ford Mot of France. 10% Ford Mor,Ltd. 37 %c. 2% Foundation For Shs. 2l Fox Theater Cl (A). 75 Galena Sig (new) pf. 20 Garlock Pkg (1.20).. 2% General Baking . 35% Gen Baking pf (3) 58% Gen Capital Corp.... 36% Gen El Ger rets 1.92. 21 Gen Empire Corp. .. 10% Gen E, Ltd rcts(50c) 89% Gen G&Ecv pf B(6). 6 Gen Laundry Mach 82 Gen Petroleum w. 20 Gen W W&E(A) (2). 21 Gleaner Com Har(2) 99 Glen Alden Coal 8 11% Globs Underwrite: 86 Goldman Sachs(b6) 2% Gold Seal Elec new. . 87 Gorham Mfg vte(12) 116% Gr A &P Tea pf (7).. 4 2 8 34 u 79 ll 17% W l @ 6 B% 3 124 20 - " o Y L e T BRmanurmmaNe 2 <3 1 10s 220% GrA&PTn-v(5).. 1108 7 Grand Rap Var (1). 814 Graymur Corp...... 11% Groc Stores Prod vic 864 Guard Fire Asso(2). 8 Guardian Invest.... 1831% Gulf Ol of Pa(1%). 28 Guenther Law (2)... 156 Hall Lamp (1%). 47 Hambleton Corp ¢ 1 1 4 3 4 0 1 45 Low 1% 2:88. 11% 80w 30% 30% 8% 8l 132 4 140 111 3% 20 8% 132 140 1n 3 & Com’with Edison(8) . zzt'u ”Z: 308 lo«t lm 6% b4 l:\t lflt IIM “ 124 27% 45 Mt 5% 5% - 1 16% 164 16% 16k 124 124 2% 2T% 6% 31% 34% % 1% 11% 20 154 4!‘ 5% 5 168% 58% 166% 1 2!% z!u 28% 28% 1 4% 14% :;h 14% 45 ~Prev 1830.~ migh. Low. 4 18% 24% 5 19% 8% 8 31U 10 22% 4 L'Air Liquide. lfll Rate. Happiness Candy. .. Hazeltine Corp (1).. Hires (CE) (A)(2). Hollinger Gold (60c) Holt (H) & Co(1.80) Hudson Bay M&S.. Humble Ofl (2)..... Hydro Elec Sec. Hygrade Food Prod. Imp Oil. Can (50¢ Ind Pipe L. n (12%). 1 Ind Terr 11lu Ofl (A) 15 Ind Terr Illu Ofl (B) 25 Ind Fin ctfs(b10%). 2 Indus Fin cv pf (7). 3608 Insull Ut Inv(b6%). & Ins Co, No Am (13) Insurance Sec(1.40 Intercoast Trade (1). Intercontinent Pet n Int Holdg&Inv 10 Intl Petroleum (1 Intl Utilities A(3 Internatl Util (B Internatl Util (war). Interstate Equities. . Interst Eq cv pf(3).. a“y Iron Cap Fopper-.... 2% Irving Air Chute. .eo 9 Irving Afr Ch(1.50). 28% Italfan Superpwr A. 16% Jefferson Elec(13%) 54% Kirby Petroleum. ... 2% Kolster-Br (Am Sh) . Koppers G&C pf(6). % 49% 16% 4% 12% b4y 2% 1% 102 84 % 102 21% 34% 4k 1% 102 84 7 102 21% 345 3% 0% 3 1% 2758 102 508 84 Lakey Foundry Lane Bryant pf 7.... 208 102 Lefcourt Real(11.85) 2 21% Lefcourt Real pf(3). Leonard Oil..... a5 Lerner Stores (2). 2 1 4 1 1 3 Ine (war)... 16 Star Gas (1)... Louisiana Lan & Ex. MacMarr Stores (1). Mfg Fina: v.te..e Mapes Cons (3). 27 11 12 . Marine Mid (1.20) . % Mountain&Gulf(8¢). 6% Municipal Servic Marshall Fleld & Co. Mavis Bottling May Hos cum pf (4). Mead Johnson(t31%) Memphis Nat G: Mesabi Iron. Mesta Mach (1.70). Met & Min, Inc(1.20 Met Chain Stor Mid Roylty cv pt( Mid Wt Util(b84% 1d Util A wai Midvale Co (4) Miller & Sons ( % N 107 107 10 10 1% 1% 48% 4T % L 11% 11% 138 138 U 14 8% 8% 19 18% 49 49 105% 105% 18% 18% 35 34w Morison Elec(t1). Mount Prod(1.60) . 1 Mountain St T&T(l) 20l lll Natl Amer Co. Natl Aviation. Natl Pub 8v A (1. Natl Rub Mach (2) Natl Scre New Brad Ol (50c). 8% New Eng Pwr pf (6). NewEng T&T (8). .lWl lB'lu New Jer Zinc(t4)... 1% New Mex & Aris Ld.. Newmont Min (34) Newport Co (2)... &Hon ROs(11%). N Y Hamburg (234). N Y Invest (1.20)... N Y Pet Rovalty (1), N Y Rio&Bu Afres. .. Niag Hud Pwr(40c). Niag Shars Md(40c). Niles-Bement-P t23 Noranda Mines (3).. North Am Cement. .. Northam W cv pf(3) Nor Am L&P (b8%). Nor Sta Pwr A(8)... Nor Sta Pwr pf (7).. Ohio Copper. . Ohio Of1 (12). Ollstocks(A) (31.80) Outbd Mot(A)(1.80). Outboard Motor (B). Pacific Coast Biscult Pac Coast Bis pt 3.50 Pac GEEI 1stpf 1%. Pacific Ltg pf (6). Pac Western Oil Pandem Oil. Pantepec Oil I ) 9 a8k oo G~ - g, = Patterson Sargnt (2) Penn Mex Fuel (2).. Pennroad Corp. Penn Pwr&Lt pf Peop Drug Stra(1) Peop L&P(A) (a.4 Pepperell Mfg % Perryman Elec. Petrol Corp (1% Pittbgh Forg (1.60 Pitts & Lake Erie(5) uo- Plymouth Oil (2 Polymet Mfg ($1)... Premier Gold (24c). . Prince & Whitely1.. 88 Prince & Whit pf(3) 22 Propper McCallm(2) & Prudential Invest... Pub Utll Hold w w.. |1 Pub Utll Hold wi Puget S P&Lt pf (6). ao- Pyrene Mfg (80c)... 1 Radio Products 1 Railroad Shares. Railway & Lt S( Rainbow Lu Prod Rainbow Lu Prod B. 6 £ Raymond Conpf (3). 1 & Red Warrior........ % Ross Stores, Inc 31% ll’l% 120\‘ 210 126 Reiter-Foster(40¢). . Rellable Strs(bs%) . Rellance Manag..... Repetti Candy. . Roan Antelope llln. . Rocklans Lt&P(92¢) Roosevelt Field.Inc. S man = Rossia Intl Corp. Ru: Bth Av 1.60 % St Regis Paper (1).. Safety Car H&L (8). Safeway 8 (war 2d). Salt Creek Con (40c) . Salt Creek Prod (2).. Schiff (The) Co (2). Schulte Real Estate. Schulte Un 6c-$1 St. Seaboard Utllities. . Secur Corp Gen (19) . Secur Corp Gen new. Seg Lock & H (50c). Seiberling Rubber. Selected Industrie Select Ind pr(6%).. Sentry Safety Cont. Ba PTSTSTe o Sheaffer Pen (13) Shenandoah Corp Shenan Corp pf @d). Silica Gel Ctts. Singer Mfg (126) Smith (A 0) (2). South Coast. .. So Penn O11(12%). .. SoCalEdpfA (1%). So Cal Ed pf C(1%). Southern Corp. So Pipe Line (12) Southland Roy (1). 8'W Dairy Products. 8 W Gas Utilities. .. ) Stand Text Prod pf. Starrett Corp. . Starrett Corp pf (3). 31% 11 2% 42% 42 A“HOI‘M ll' l.ll;‘ D. C, 3 ividend Rate. Stein(A)& Co (1.60). Stein Cosmetics..... 8 Stinnes (Hugo) % Stroock & Co (3). Stutz Motor Cnr SunInv..... : Sun Invpf (3).... Sunray Ofl (40¢). Superheater 3%. Swift & Conew (2).. Swift Internatl(2%) Taggart Corp (1)... Tampa Electric (12) Technicolor, Inc. ... Teck Hughes (60c). . ‘Thermold Co (2). Y 09 1O 19 i 00 0109 O 19 = 00 09 08 1t ‘Transamer ($1.60). Tran Con Afr Tran.. 2 Tr-Lux DL P S(A). Tri-Cont Corp (war) Tri Utilities(11.20) . Triplex Safety Glass Trunz Pork S (1.60). Tubsize Chatilion.... Tung-Sol Lamp (2). Ulen & Co. aee Unl.rleldu F Corp Union Am Invest Un Nat Gas, Can 1.60 Union Tobaceo. . United Am Utilities. Utd Car Fastnr(1.20) United Corp (war).. Unitt Dry Docks. Unit Eastern.. Utd Founders(b2.35) United Gas Co United Gas Co (new) uz United Gas (war)... United Gas pf (7). Utd Lt & Pwr A(1).. 14« Unit Lt&Pwr(B) (1) 1 =5 8 [P TREE-+ 3] WS mmn NN 92 mnn—.u& 204 20% 90 TUESDAY, APRIL 22, 1930. ~Prev 1930.~ U § Foll U S&Int1 S3d pd 3 U S Lines pf-(1) 4 US & Overseas U S Radiator (2). U S 8ha Utd Verda Ext Universal Picture: Utilty Pwr&Lt(al Util PAL B ctfs (a1) Utility & Ind. Util & Ind pf (1%).+ Lullty Equities. Vaccum Ofl (t4%). Veeder Venex: Venezu Vick Financial Corp. Walgreen Co. . ker Walker Wayne ‘Wenden Copper-. ... White Sew M db rts. Wil-Low Cafeteria. Wilson Worth, wyv ol Zonite Prod (1.60). Low. Divi Add 97% Utd Lt&?'r v!(.). 13% U S Dairy (B). U S Elec Pwr (war). U S Finishing (12). FINANCIAL. sed” AIS HERRERA MAY AGT Mook ana 00. Open. 2:08, 9 116% 5 25% 14 18% 2T% (B) (1). 23 » res Fin. - PSRN SIS T - PO T T ) Root (2%4). la Mex Oll. . a Petroleum (H) (1) Min (7'/,:) Pump. . - Jones (3) Ine (A) & Gas. - »%ee RIGHTS ©xpire. Ind Ter 11l Oil...Apr ]: 1% Rockl'd L & P...May & 4 Warner Quin' # % Zenith Dividend rates annusl payment. “dividend. tPartiy extra iPlus extra i 1n cash oF a0tk b Pasable 15 stock. d Pay 920 Corporation News NEW YORK, April 22.—The follow- ing is today's summary of important corporation news, prepared by Standard Statistics Co., Inc., New York, for the Associated Press: News Trend. Earnings statements for the first quarter were sagain prominent in the day’s news, with unfavorable compari~ sons largely in the majority. Favorable dividend announcements were made by European - Electric, Harbison Walker mtncwml and Hocking Valley Rail- Crude ofl output showed a further expansion in the week of April 19. Early estimates place daily average pro- duction at 2,566,278 barrels, an increase of 7,182 barrels over the preceding week’s average and an advance o( over 35,000 daily barrels in two weeks, The Companies. Anaconda Copper Mining subsidiary, American Brass, reduces prices to cor- respond to recent reductlon of price for copper. Barker Bros. Corporation earned 36 cents on common stock in quarter to March 31, 1930, against 69 cents in like 1929 quarter. * Barnsdall Corporation proven oil re- serves estimated at 115,000,000 barrels, primarily of hllh-(r‘vlly ofl. Chicago & Alton Railroad had deficit, after all charges, of $891,336 in March querter, against deficit of $237,645 in like 1929 quarter. Citles Service net income, before re- serves, $48,423,519 in 1929, against $42,: 320,688 in 1928. Colorado Fuel & Iron earned $337T on common stock in March quarter, against $2.34 in like 1929 quarter. Continental Can acquires stock in- terest in Metal Box & Painting Indus- tries, Ltd., and has granted them rights to use Oonunenull can making ma- chinery and equipment in ‘ritish Isles. Dome Mines, Ltd., mill ¢ 1,500 tons daily uptdty to be-built to Adpllu one destroyed by fire. Edison Bros. Stores, Inc., earned $1.70 on_common stock in 1929, European Electric declares initial dividend of 15 cents a share on class A and B shares. Foundation Co. stockholders to vote on reduction of capital to $4,000,000 from $6,795,000. Unfinished work on books January 1, 1930, amounted to $21,110,000. Fox Film class A stockholders’ pro- tective committee files suit in Supreme Court, New York, seeking to restrain carrying out of Halsey, Stuart-Clarke financing program. Action sought or- der requiring the carrying out of Banc- america - Blair - Lehman - Dillon Read plan. Harbison Walker Refractories earned lppmilm-lew 96 cents on common in March quarter, against 80 cenh in like 1929 quarter. Declares extra dividend of 25 cents and regular quarterly payment of 50 cents on common. Hocking Valley Railway declares spwecc;l.l dividend of $6.25 on common stock. Minneapolis, St. Paul & Saulte Ste. Marie Rallway (including Wisconsin Central) March deficit, after charges, $625,405, against deficit of $298,344 year ago; three months’ deficit, $1,998,- 111, against $1,345,252. National Air Transport specil] stock- holders’ meeting called by F. B. Rent- schler, presldent of United Aircraft & Transport Corporation, to take action on proposec issuance of about 300,000 shares of N. A. T. stock in exchange for control of Eastern Air Transport, subsidiary of North American Avlmon United Aircraft & Transport files suit asking that April 10 annual meeting of N. A. T. be declared null and void and that a master be appointed to hold new meeting. Grocery March quarter sales off 29 per cent. g Nauheim Pharmacies earned 68 cents on preferred stock in year 1929, against 91 cents in period May 28 31, 1928, pel y to December Paramount-Famous Lasky to pro- duce floolorelg'n-lmgulze features dur- common stock i 0%, sgainer 3401 s agains| fr gainst $4.91 St. Louis-San Francisco Railway ac- quisition of Gulf Texas & Western Rallway approved by Interstate Com- merce Commission. This is first devi- ation from the general consolidation plan announced last December. In the plan this road was ed to Atchison. Trans Lux Daylight Picture Screen earned 16 cents on common stock in March quarter, against 12 cents in like 1929 quarter. Twin City Rapid Transit earned $1.73 on common stock in March quarter, against $1.87 in like 1929 quarter. United States Dairy Products ac- % qulres Janssen Dairy Co. of Hoboken, 81 | Products, discrimination, « | rebates, defamation of oompe!lwl‘! and erner Quinlan Co, earned $2:3¢ on average common shares ouuhnal.ng in 1929, against $3.86 in 1928 COMMISSION APPROVES TRADE PRACTICE RULES The Federal Trade Commission has acted on rules adopted at trade practice confetences of the knitted outerwear in- { dustry, the metal lath industry and the crushed stone industry. These industries adopted rules con- demning unfair methods of competition. Among those affirmatively approved by the commission are rules prohibifing such practices as misrepresentation of secret selling below cost. Elton on Youngnow: Board. YOUNGSTOWN, April 22 (®)— +Cyrus S. Eaton, George H. Brainard 76% | and Hugh Wick today were elected to 84 the board of diréctors of the Youngs- 29% " town Sheet & Tube Co. st the annual 2 stockholders’ meeting. FINANCING FOR FOX FILM DEAL PLANNED General Theaters Co. $30,000,000 in Convert- ible Bonds. By the Associated Press. NEW YORK, Aprll 32.—The first public finan connectlm with the recent acquisi Fox Theaters Corporations by General ‘Theaters Equipment, Inc., will consist of a $30,000,000 10-year, 6 per cent, convertible gold debenture issue of Gen- eral Theaters, it was announced lur, night. This is part of a financing pl whereby all current obuntionn of m Fox Corporations, amoun to ap- proximately $100,000, 000 will be retired, strengthemm their financial position and giving them substantial working capital. Proceeds of the General Theaters de- benture issue, which has been under- written by a banking group headed by the Chase Securiteis Co. and Pynchon & Co., will provide in part the funds re- quired by the company to cover its ob- ligations in connection with the pur- chase of 50,101 shares of class B com- mon stock and not less than 1,000,000 shares of class A common stock of the Fox Film_Corporation, as well as out- standing B shares of the Fox Theaters Corporation. ‘The capitalization of General Thea- ters Eqnlpmm'-. upon completion of the financing luding the retire- ment of ff ible gold debentures, will consist of the new $30,000,000 10-year 6 per cent de- bentures and 2,847,955 shares of no-par common s of ‘an_auf issue ot 5,000,000 shares. will also be tstanding warrants for subscription | v, lo 400,000 shares of common stock, ex- ercisable at $45 & lhll'I IIO! later than May 1., 1933, — BANKING TO BE ANALYZED AT DENVER CONVENTION Special Dispatch to The Star. NEW YORK, April 22.—Banking in all its practical operating details will be subjected to examination and dis- cussion at the American Institute of Banking convention, to be held at Den- ver, Colo, June 16 to 20, it is shown in the departmental conference program issued here today by Nelson M. McKer- nan, assistant secretary Irving Trust Co., New York City, chairman of the committee in charge of this part of the convention 'gloceedlngs He also announced that the special eo-opentlon of the commission on banking practices and clearing house functions of the American Bankers' Association has been arranged for a bank administration con- ference. The institute is the educa- tional section of the association. New Investment Trust. NEW YORK, April 22 (#).—The United States Shares Corporation has formed & new investment trust of the fixed type to be known as short term trust shares and based upon what are regarded as under-valued securities of 14 companies. The company will have a capital limited to 100,000 shares of $10 par common stock. BANK CLEARINGS. Company. N EW, YORIC, April 22 (Special) — A York bflnk cleannfl S 000,000; year si%08" 000,000; 'New York bank " balsnces, today, 01“000 000; a year ago, $138,- 000,000; New York Federal Reserve credit hhncea $156,000,000; & year ago, $125,000,00 SHORT-TERM SECURITIES. (Reported by J. & W. Seligmep & Co. Allll Chlllfl.rll caT:l.. 1937, American Thiesa L Baltimore & Ohio ayian Pet. Grand Trunk of Canad: 105% 0"‘ ‘P. l;!fllfi“flc o ug Western Eléctric Co. eeling Steel Corp. foie: 1032 Wheellne Bicel Sors. 10234 4125 1053, 90 90% to Issue of the Fox Film and | 43 ls-nn 6 per cent convert- off May 15 Radio....May 14 14 & & & in doliars Dllld on last lulrtel’l’ or semi- tock. 8 Pavable able (o Butter—One-pound prints, 42243 | tub, 40%5a41%;. Eggs—Hennéry, 38229; ceipts, 261,827, Poultry, alive—Turkeys, young, 32a33; old, 28; Spring broilers, 38a40; Winter ‘hickens, 32a35; Leghorns, 33a34; fowls, ;e:cflemupom 32a38; _ducks, 15a16; 602656, Dressed—Turkeys, young, 37a38; old, flllfl Spring_broilers, 46a ter chickens, 37a38; Leghorns, 3“8"‘ th.:‘ 303 gslponh 35840; ducks, keats, 80a Meuu, {resh killed—Beef, 20a23; lamb, 22; pork loins, 25a28; fresh 24a25; t‘resh :g:%uld;n.m:z; mwnd hams, 26; smoked shoulders, 2 m"‘”‘mn:fi" lard, in packages, 1 % 3 five stock—Cal ‘9a11%; Spring lambs, 11a13. NEW YORK COTTON NEW YORK April 22 (Special)— Sentiment. was mixed at the opening of the cotton exchange today and prices Here 6 pointa Jower to 3 higher tn dull trading. Contracts thrown on the mar- ket by the South and local professionals were bought by overseas buyers but there was little disposition to make ex- tended commitments. ‘The opening range was May, 15.74, off 2; July, 15.88, off 4; October, old, 1513, off 3; October, new, 14.82, off 6; December, old, 15.26, unchanged; December, new, xioa up 3; January, old, 15.33, oft m\llry, new, 15.10, 8; March, 15.28, up 1. —_— GRAIN MARKET CHICAGO, April 323 (Special) — Wheat opened lower today under scat- tered muon. The mum- map showed temperatures the Winter wheat belt. - May opened 1.04%; to 1.04, J\lly. 1. DG September. 1.09% to 1.09%. After it half hour May was 1.03%, .Vllly. 103* September, 0! 813 . fl*/fi?ihmnmh 374 815 Fuly. 837 Beptember, Oats were lower with wheal opened 42% w Il"/g. July, 42 tember, 41%5 to kfl ter first hlll hour Mly was 42, ly, 42%; Septem- ber, 4! Pm ons were easier with hogs. current re- veal, Plnmount-F@nhhnkey. | NEW YORK, April 22 paramount Famous Lasky Corpo has obtained a 50 per cent lmereu in 35 New England theaters owned by the New England Theaters Operating Corporation. —— C. & 0. Plans Stock Issue. By the Associated Press. Authority to issue $18,152,400 of com- | % 10 AID OIL FIRMS American Interests in Colom- bia Hope for Turn in Situation. BY HARTWELL F. AYERS. 1 Cable Dispatch to The Star. pe A, Panama Canal Zone, April 22.—Hope for favorable oil legislation in Colombia, where millions of United States dollars have been sunk with, as yet, comparatively minor success, is centered upon Dr. Enrique Olaya Hetrera, Minister to Washington, who will return to Colombia within a few months to be inaugurated President. He arrived in New York aboard the S. §. % | Ulua on Sunday from Cristobal. executives passing through here * | describe the situation in Colombia sinee 1926 as hlvlng been nothing short of chaotic. h succeeding administra- tions ofl llfl!llflvn has become incroas- ingly disadvantageous. When the last Congress spent weeks quarreling over oil laws, but offered no relief, the Gulf Ol Co., which was said to have expended $7,000,000 on its con- cessions, closed lock, stock and barrel and withdrew from the country, tem- porarily at least. The Tropical Oil Co., reputed to. have sunk approximately $100,000,000 in its wells near the Mag- dalena River front, continues to oper- ate in the face of constant attacks from the press and Colombian poli- ticlans. Shortly before his departure from Balboa, Dr. ya Herrera cabled 1 'nempc. mnu.nem Bogota newspaper, that he had requested all oil legislation be helfl in abeyance until his adminis- tration is inaugurated. Known to be {avorably inclined to United States cap- ital, it is considered probable that Dr. Olaya Herrera may be able to bring order out of the turmoil. Executive decrees during the past several years have established almost prohibitive operation taxes-on oil com- panies and have given the Colombian government dictatorial rights to cancel concessions. Despite Dr. Olaya Herrera's good in- tentions, it generally is believed that he will have a difficult road ahead of him in Colombia, where he already is being called by certain eiements a Washing- ton-trained “Yankee Petrolero.” +(Copyright, 1930.) o Official Is Transferred. BALTIMORE, A 22 (Special). — Henry L. Doherty . yesterday an- nounced that Albert D. O'Connor has been lgoinud manager of the Balti- more of Mr. O'Connor formerly was head of the Washington office of the bankers. EAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Alnllu ons on well located business particularly invited for 3 uzo K St.N.W. National 0478 Wm. Gordo.x'n Buchanan Councilor & Bncl‘:.anan Certified Publie Acco er Buildl) Nummd mumom (Telephone Directory Omission) TRUSTEED SHA SHARES for * Mluli l\l}zfl 0( &t‘nc %l lnfl fflldl mnnunlanl Sold in Lote—$100.00 Up Call or Write Standard Collateral Shares Corponhon Woodwa din; Met. 8788 vuum 'ho fl!t 14th N.W. Adams 8100 Service—Charge Accounts Invited mon capital stoek and w ul at not less than . par $38, awm ital stock asked today by the chutpukz & Interstate Commerce Commission. DIVIDENDS DECLARED NEW YORK, April 22 ().~ ULAn y. Hldrs. of le. record h s3'r Lime & gg CoA Brath (23 & Sons Cites 8. P & Lt bt ==='§'s's': DD" ODOPOO ORp. DDORRODOODZT o 5 53 3 ayes Tinterest Bub Ber bt 1. Lake of the wds RabaE 22 = eBEees tr'd 1 South'n Col Pow A'.$0'50 Util & Indust Corp, patAl sPi Hocking ValleyRy.36.25 INTTIAL. Russian-American Comp Stand Cap & 8'n 000 @ RESUMED. Hayes-Jackson A..30.2¢ May Daston prior com Due Jan doA.. 175 S-A Due Jan do pi. 50 Due Jan Founders Inv Tr..30.35 Q Due Apr STOCK AND BOND AVERAGES By the Associated Press. Prom Yesterda; 's 5:30 Edition. STOCKS. 50 Industrials. 197.1 Two years ago. 3 Three years ago, weekly aver. High (1930) . 24 Tow (1930) Three years ago, weekly aver. High (1930 Low (1930) was f Ohio Railway in ln application to the | First Mortgage Loan Applications Invited at 5)5% Construction Loans Glover & Flather 1508 H St. N.W. National 1753 WHicH Do You WANT? A“ independent Income— -An estate to retire on— A new home— ® Money for your child’s educe- tion— A financial reserve for your business — The investors lyukno offers aym subjects abeve which yeu are most Interested In, and return this advertisement with yeur name and address for informae tive bookiet, Joy Money.” 170,000 INVESTORS INVESTORS SYNDICATE FOUNDED 1894 BARR BUILDING WASHINGTON, D. C. Teleohons: Motropolicen 187 @mCes 18 31 PAMCIML CITIRS