Evening Star Newspaper, April 23, 1930, Page 14

A—14 SHIFT IN RAILROAD LABOR 5 SLIGHT Mergers and Use of New Machinery Have Little Effect on Pay Rolls. e ko BY J. C. ROYLE. Danger to labor from proposed consolidations in industry is being minimized in both industrial and gov- | ernmental circles. This has become evident through the testimony before the Senate interstate commerce com- mittee in connection with the Couzens bill to halt all railroad consolidation, for a_time least. The danger is also being discounted in other in- dustries. Joseph B. Eastman of the Interstate Commerce Commission has pointed out that the transition to consolida- tions would require years to effect and that any alteration in railroad employ- ment would be extremely gradual. Labor Supply Smaller. Railroad officials here for the hear- ings declare that practically as many employes will be required to operate the merged lines as to keep them going independently. Moreover, fewer men are entering railroad employment be- cause of the trend toward “white collar” Jobs. In fact, one of the difficulties of the roads has been to secure enough high-grade men for certain types of jobs and this as much as »co- nomic reasons forced the replacement of manpower by machines. Railroad men normally retire at a certain age, while a certain percentage die before that age, and the losses from these factors are no more than counter- balanced by the number of men coming fresh into the industry. Even the executives are not likely to feel the weight of the official ax, railroad men assert. Their experience undoubtedly will be needed for years in working out the details of amalga- mated operation. Railroad men say that the industry as a_ whole is strongly opposed to shackling the Interstate Commerce Commission in the matter of approving mergers. It is asserted on authority that only one commissioner fully ap- proves the Couzens measure. It un- doubtedly has supporters in the Sen- ate, however, and in some State regu- latory bodies. Other Labor Problems. ‘The situation as to railroad labor is of extreme importance, since similar conditions are faced by other mergers, including the steel companies and banking houses. It is pointed out, however, that when the United States Steel Corporation was formed the ex- ecutives of the constituent companies were retained in nearly every case when they wished to remain. Moreover, it is claimed that the number of laborers employed increased rather than dimin- e While the railroad situation is com- plicated by pending legislation, the fi.nm‘m for the taking over of various es under the Interstate Commerce Commission plan is at a standstill. It is true the Chesapeake & Ohio Rail- road will ask permission this week to 1-ue $38,000,000 worth of new stock, but this will not be used for the pur- pose of taking over the roads allo- cated to the system. (Copyright, 1930.) -— DI GIORGIO CORPORATION. BALTIMORE, April 23 (Special).— The Di Giorgio Pruit Corporation, which began business in a small way in this city, has sold to the Vaccaro interests the stock of the American Fruit & Steamship Corporation, but will retain its contracts with the Jamaica Banana Producers’ Association, Limited, and its one-half interest in Lhe four vessels en- gaged in the transport of bananas, other trelxht and plnengm between Jamaica and Europeas Di Glomo wfll continue to_conduct its large fruit producing and selling op- erations. Sees Upturn After July 1. NEW YORK, April 23 (#).—Arthur Reynolds, chairman of the Continental Illinois Bank and Trust Co., believes that business is improving more slowly than the optimist would have us be. lieve, and does not think that there will be lny considerable upturn until after July 1. Baltimore Markets @pecial Dispatch to The Star. BALTIMORE, Md., April 23.—Poul- try, alive—Chickens,” springers, young, 32a35; poor and thin, old roosters, '16a18; old hens, Leghorns, 20a24; ducks, 17a30; guinea fowls, each, 50a75; {,l(eonl pair, 30835, Eggs—Receipts, cases; ‘nearby firsts, 251,825% ; hennery, white, firsts, 261582735, duck g8, 2415825% . ‘Butter—Good fancy creamery, und, 36a39; lldhl 31a32; rolls, 25a D:"pmm. 31%4a32; store packed, 19a: Live Stock Market. Cattle—Receipts, 75 head; light sup- ply, market steady. Steers, choice to prime, none; good to choice, 12.00a12.75; medium to good, 10.75a11.75; fair 0 medium, 9.75a10.75; plain to uir, 8.75a 9.75; common to plain, 7.75a8.75. Bulls, choice to prime, none; good to choice, none; medium to 8.5009.00; fair to medium, 8.00a8.50; plain to fair, 1.50a8.00; common to plain, 7.00a7.50. Cows, choice to prime, none; good to choice, none; medium to good, 7.50a 8.50; fair to medium, 6.50a7.50; plain to fair, 5.50a6.50; common to plain, 4.00a5.50. Helfers, choice to prime, none; good to choice, 1000-1100 me- dium’ to 9.00a10.00; fair to me- dium, 8.0029.00; plain to fair, 7.00a8.00; common to plain, 6.00a7.00. Fresh cows and Springers, 50.00a110.00. Sheep and lambs—Receipts, 25 head; light supply, market steady. Sheep, 2.00a6.00; lambs, 6.50210.75; Spring lambs, 12.00a14.50. Hogs—Receipts, 300 head; light sup- ly, market lower; lights, 10.85a11.05; gelvia» 10.35210.80; medium, 10.85a 11.05; roughs, 7.50a9.35; light pigs, 10.25a10.60; pigs, 10.75811.00. Calves—Recelpts, 25 head; light sup- ply, market steady; calves, 7.0Cal12.00. Vegetable Prices. Potatoes, white, 100 pounds, 2.25a3.00; new, bushel, 1.50a2.25; sweet potatoes, barrel, 2.5025.00; yams, barrel, 3.50; asparagus, dozen, 1.50a4.00; beets, 3.00a3.50; beans, hamper, 2.50a 8.25; cabbage, hamper, 1.00a2.00; car- rots, bushel, 1.25a1.50; cauliflower, crate, 1.50a1.90; lima beans, hamper, 4.50a5.00; lettuce, hamper, 75a1.25; onions, 100 pounds, 2.25a3.00; peppers, crate, 1.50a3.00; radishes, imper, 75a1.25; spinach, bushel, 25a80: squash, h\uhel 2.00a3.00; tomatoes, crate, 75a 4.00; apples, bushel, 1.00a3.50; grape- fruit, box 3.50a6.50; oranges, box. 4.00a 8.50; strawberries, quart, 12%a2 Hay and Grain Prices. Wheat—No. 2 red Winter, exports, 4: No. 2 red Winter, garlicky, spot, .10%; April, 1.10%; ally 1.10%; No. 3, rlicky, no quotations. C%‘m—Nyo 2 dom-flc.oy:l;l;', new, 92 a93; cob corn, new, 4.80a Oats—No. 2 white, domestic, spot, M‘ql&& No. 3 white, domestic, spot, 53a5 R Q—Nul'by. 80a85. sz—mceipu none; no change in market. Some little hay is arriving, but hardly enough upon which to establish quotations by grades. Better grades of timothy and clover mixed are selling h’vm 18.00 to 22.00 per ton, according uantity and condition, receipts by l:uc supplying most requirements. Straw—Wheat, No. 1, per ton, lfl .00; oat. No. 1, per ton, 9.00810. FINANCIAL. THE EVENING STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. _(Continued From Page 13.) —Prev.1030.~ _ Stock and Sales— High. Low. 126 118% 28% 164 11% 8 49% 138% 4% 9% 74 19% Loose-Wiles 18t (7). Lorillard (P) Co Lou G & EI(A) (1%) Louls & Nash (7)... Ludlum Steel (3)... Ludlum Stl pf (6%). MecCrory (A) (2).... 108 4 MclIntyre Pore M(1). 2 McKeespt T P(1414) 208 McKesson & Rob (2) 33 McKes & Ropf(3%) 19 McClellan Stor: K Mack Trucks (6)... Macy (RH) & Co(n2) Madison 8a G (1%). Magma Copper (5).. Mallison pf (7).. Man Elec Supply Man Elev mod (45) Manhattan Shirt. Market St Ry pr pi Marmon Motor (2) 2 Mathieson Alkili (3 Maytag Co pf (3). . Maytag Co 1st pf (6 Melville Shoe (2) Mengel Co (2). Mexican Seaboard. Miami Copper (4). Mich Steel (m23). Mid-Cont Petm (2).. Middle States Ofl ct. Midland Sreel (3)... Midland Steel pf (8). Minn Hon Reg(t3%) Minn Moline Pwr. .. Minn Moline pf(6%4) M StP & SSM pf. % Mo Kan & Texa! Mo Kan & Tex pf( Missouri Pacific. Missouri Pac pf ( Mohawk C Mills (3). % Monsanto Ch (g1%). Montgom Ward (3). Moon Motors. . Morrell & Co (4.40) Mother Lode (40c). Motor Meter G & El. Motor Products (2).. Motor Wheel (3).. Mullins Mfg. .. Mullins Mfg pf (7) Munsingwear (14).. Murray (b2%stk)... Myer(FE) & Bro(2). sh Motors (6). 9 sh, Chat&StL (7). 30s t Acme (1%) 11 128 82% 1 4 508 33 e BomBomnanaRToasagansa @ 13 tl Biscuit, n(2.80). 205 Natl Cash Reg.A(t4) 121 Natl Dairy (32)..... 114 Natl Distillers (2) 3 Natl Lead (18). Natl Lead pf(A) (7). 20- Natl Pwr & Lt (1)... 217 Natl Radiator. . So Natl Supply (5) Natl Surety (5) N Y Central (8) N Y Chi & StL (8). N Y Dock. . NYNH& Hart (6). NYNH&HDpf (7).. N Y Ont & Western N Y Steam pf (6).... Norf & Western (10) North Am Aviation. . North Am(b10 % stk) North Am pf (6).... North Am Ed pf (6). Northern Pacifie (5). North Pacific ct (5). Norwalk Tire & Rub. Oil Well Sup pf (7).. Oliver Farm Equip. Oliv Fr Eq cv pt(3) Oliv Fr Eq pf A (6) Omnibus Corp Oppenheimer Col (5) Oprheum Cir pf (8). 380, Otis Elev.n(2%). 2 Otis Steel (23) Docl N N 1 108 46 1 9 2 2 108 6 6 2 1 8 . 9 4 Pacific Gas & El (2). Pacific Lighting (l). Pacific Oil Stubs. Packard Motor (1).. Pan-Am Petrolm. . Pan-Am Petm (B 20 120 3 Pathe Exchange (A) Patino Mines (3.89). Peerless Motor Car. ., Penick & Ford (1). Penney (J C) (3). Penney(JC) pf A(6). Penn Coal & Coke.... 1 Penn Dixis Cement. PennaRR (4). People's Gas, Ch! Pere Marq pr pf (5). Phelps Dodge (3).... Phila Co 6% pf (3). PhilaReadC&1.... Phillips-Jones (3). Philip Morris (1) Phllllnl Petrm (n3 Plerce-Arrow (A). Pierce-Arrow pf (6). Plerce Ofl. . Plerce Oil pf. Pierce Petroleum Pillsbury Flour (2).. & Pirelli of Jtaly(3.14) . Pittsburgh Coal. Pittsburgh Coal pf Pittsbgh Screw 1.4 Pitts Steel pf (7) Pittsbgh Trml Co: Pittston Company . Poor & Co (B) (2). P Rican Am To A(7). P Rican Am To (B). Prair! 4 Prairie Pipe L (15) Pressed Steel Car. Proc & Gamble (2).. Prod & Refiners. ... Pub Serv,N J (3.40). Pub Serv'N J pf (5). Pub Serv E&G pt(6) . Pullman Corp (4)... Punta Alegre Sugar. Pure Ofl (1%). Pure Oil pf (8)...... Purity Bakeries (4). Radio Corp. Radio Corp (B) (5).. 6 Radio-Keith-Orph A.2874 Raybestos Man 2.60. 143 Reading Rwy (4) Reading 2d pf (2). Real Silk (5). . . 45 Rem-Rand 2d pf(8). bt Reo Motor Car (80c). Rep Iron & Stl(new) Rep Ir & St1pf (7). 30% Reynolds Metls 2.40. 4 Reynolds Spring. . 49% Reynolds Tob B (3). 221 Richfield Ol (2).... 16! Rio Grande Oil (2).. 4474 Ritter Dent Mfg (13) 37% Rossia Insur (2.20). 49Y%gRoval Duteh (a3 20). 93% Safeway (e5).. 45 St Joseph Lead (13). 107% St L-San Fran (8)... 92 St L-San Fran pf (6) Dividend Rate. ~Add 00 High. Low. 808 125 9 82y 3 1443 2 12 15 lDth 1 16 T1% 1 100% 10% 19 11% 27 81% 12 314% 20s 100 8 37 ~Prev. 1930.~ Rhh. Low 2:88. 126 25 Sears Ro Second Ni Skelly Oil Stand G & Stand G & T Tide Twin City s Utd Store U S Expre; W Westvaco 108 5% RIGHTS % 21% ) 1% 3% 2 22% 2% 3% 5% L) 1% ChiR1& Pac Ltg.. 10:30 1:30 23% 51% 41% 547 ading m. Stock ane Bales— Dividend lma Add 00 High. l.a' 24% Bavage Arms (2).... 2 27 4% Schulte Retail Strs. . 9% Seaboard Air Line 22 Seaboard Air Line pf Seagrave (e1.20). Seneca Copper. Servel. Inc. Sh-lmek(FG)l'l%) Shell Union (1.40) Shubert Theatres. Simmons Co (3) Simms Petrm (1.60) 4 Sinclair Con OIl (2).. Prev. 3:58. Close. 21 27% 9% 11% 23 g 10% ) ¥ 9% 181 2% 11% 51 24% 24 ck (32 tl Inv 2) Solvay Am pf(534).. So Porto Rico Sug (3 Southern Cal Ed (2). Sou Dairles,A (1%). Southern Pacific (6). Southern Rwy (8)... Southern Rwy pf (5) Spang-Chalfant. .. .. Sparks Withngtn(1) Spicer Mfg Spiccer Mfg Spiegel-May-S (3) Stand Brands (1%). E@%)... Epf (4).. Stand Invest Corp. .. Stand O of Cal (2%). Stand Oil Exp pf(5). 4 Stand Oil of Kan (2) Stand O1l NJ (12)... 252 4 Stand Ofl N Y (160). Stand Plate Glass. .. Stanley Co of Am. .. 4 Starrett (LS) (123%) Sterling Sec (A).... Sterling Sec pf(1.20) Stew-Warner(h3%). Stone & Webster (4). Studebaker Co (5)... Submarine Boat. Sun Ol (11). 4 Superior Oil. Superior Steel. ... ington. = Symington (A). Telaut Corp (11.30). ‘Tenn Cop & Ch (1).. Texas Corp (3)...... Tex Gulf Sulphur(4) 21 1 Texas Pac Land Tr. . Thatcher Mfg (1.60) The Fair (2.40) The Fair pf (7). Third Natl Inv ( ¢ Thompson Prod(2 Thompson Starrett. . Thomp-Star pf (3% ) Water As (60c). ater As pf (6) Tide Water Oi1(80c). Timken Det Ax(80¢). Timken Roller (3) Tobacco Products. .. Tobacco Products A. Transcontl Oil (30¢). Transue & W (1).... Trico Prod (2%).... Tri-Contl Corp Tri-Cntl Corp p! Twin City Ra Tr(4) . RTptf (7) Und-Ell-Fischer (5). Union Bag & Paper. . Union Carbide (2.60) Union Oil of Cal ($2) Union Pacific (10)... 4 Utd Afreraft..... Utd Afrcraft pf (3).. Utd Biscuit (1.60)... Utd Carbon (2) Utd Cigar Stor Utd Cigar Strs pf. Utd Corporation United Corp pt (3) Utd Electric Coal. Utd Fruit (4)... Utd Gas & Imp(1.: 20) Utd Gas & Imp pf(5). Utd Plece Dye W (2) Utd Stores (A) pt U S & For Secur. U S Tobacco (4). Univ Pic 1st pf (8).. Univ Pipe & Rad Util Pwr&Lt A (e2). co Sales Corp. Vanadium St (14) Vick Chemical (2%). Va-Car Chem....... Va-Caro Chem 6% pf Va El & Pwr pf (6).. Va Iron Coal & Coke Va Iron Coal & C pf. Vulcan Det (4) ...+ Ward Baking (A). Ward Baking (B)... Ward Baking pt (7). Warner Bros Pic (4). 4 War Bros P pf (2.20) Warner-Quinlan (1). Warren Bros (new). Warren Fdy & P (2). Webster-Eisenlohr. . Wess oil & Snow (2). Wess O & Sn pf (4).. West Penn ELA (7). Western Md. Western Paclfic p Western Union (8).. Westinghse A B (2). tingnse E&M (5) 101 ton El Instr (1). w-mh-a E&M pt (5) 13 Chlor (2). White Sewing Mach. Wilcox Of! & Gas. ... s Wilcox & Rich B (2). Willys-Over (1.20).. Willys-Over pf (7).. ‘Wilson & Co. Wilson & Co pt Woolworth (2.40. Worth Pump Worth Pump(B) Yale & Towne (15).. Yellow Truck....... Youngs Spring (3).. Young Sheet & T (5). Zenith Radio........ EXPIRE Am Roll M..June 16 Am Tel & Teleg. .. .. P.. M Int Tel&Tel % Peerless Mot C May 9 % Rossla Ins....Apr 28 Sales of Stocks, on New ¥ork Exc vees 792,500 00 Noo! ..3,611200 lnn In"fln 2b0? 2,317,000 4,218,300 al han i serip. 1 Plus 9%.in o ‘.m 1 Plus 8% in stock. k P 98% 3% 'in stock BY CLINTON COFFIN, Associated Press Financial Writer. Alaska’s isolation from the rest of the world is being put under a three- way attack by extension of modern transportation facilities this year. Con- gress has taken steps to run a north- ern arm of the Pacific hl(hvlly across British Columbia straight the in. terior of the territory; lil'mnu serv- ices are probably brought to a rela- tively hl(her utilization there than any- where else under American jurisdiction, and the Alaskan Railway, the Govern- ment's $67,000,000 enwrpme for open- ing the country, shing & mod- erately successful cam lnn to increase both its passenger lnd freight busi- PEEX1l of this Winter there have been at least 15 airplane outfits continu- Ve ¥ ously operating out of Fairbanks,” said Ernest W. Walker, one of the execu- nve assistants in the rallway service rarily dzuued from his base at chorage to Summer promotion for the umwry and the rail- L trans is reaching nearly its highest usefulness in Alaskan territory, and the operators have suc- cessfully overcome all the handicaps offered by climate and terrain. “This week the Senate has passed the ol o A vey of the way nsion, and in A otorists will be traffic is growing mvllhuo in the e increase.” Though the Alaskan railroad has been given the benefit of more consistent promotion work for the last two or three years, it is still scarcely entitled to rank as & good investment, though the pur- of the Government in runni through to Fairbanks was not tha o( seeking profit. A Ny in Mock, G PayAbE lnen Plus 10% in stock e Plus rt shows an operating deficit of 5ound $900,000; and that does not al- low for a return on capital. - Nonethe- less, its mlnll!l’l hope for a consistent icking up ave been ting tourist travel routed over it in Sum- mer months in inere hoped that 1930 will be l banner year for its operation in that respect. its business, and they parucuhrly successful in get- g volume. It is Vacuum 0il Co. Expands. NEW YORK, April 23 (®.—The Vacuum Oil Co, has acquired the Queen City Petroleum Products Co., which operates 30 filling Cincinnati. ations in it was unofficially re- that the purchase price was rted lp:’)fl\ll'lfl $1,500,000. of tea and yacht- —e Sir Thomas Lipton fame, was 30 before he had saved rm':‘nm few dollars that enabled him | 000 to launch into business on his own ac- The last annual re- | count. D. O, WEDNESDAY, APRIL 23, 1930. FINANC CONVERTIBLE BOND | [ o BONDS e s ISSUES ARE STRONG Prime Investment Group Al- so0 Improves, With Trad- ing Active. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, April 23.—Although no further decline in money rates was an- nounced today, the investment market now anticipates one as a result of yes- terday's lowering of bankers’ acceptance rates. Bond prices improved fractionally throughout the list today in fairly active trading as a result. Convertible issues were strong with the stock market, especially those of amusement companies. General Theater Equipment 6s, despite a new issue of 6s also carrying a convertible feature, maintained Tuesday’s level with east. ‘Warner Brothers 6s, Loew's 6s, Para- mount Famous Players 6s, Keith 6s and Pathe 7s were all actively bought, the last named going to a new high. The market's improvement was made in the face of $40,000,000 new bonds put out today. There were $30,000,000 { General Theaters Equipment 6s, priced at 991, and $10,000,000 Delaware & Hudson first and refunding mortgage 4 per cents offered at 93. The railroad bonds were quickly sold. Philadelphia & Reading Coal & Iron 6s were a feature of the !'ock privilege section, going to & new high as the result of quite heavy trading. Ameri- can Telephone convertibles, Texas Cor- poration 5s and New Haven 6s were actively higher. Prime issues were quiet but revealed an upward trend. Canadian National 5s, New York Central 4s, Great North- ern 7s, Chesapeake & Ohio 414s, Inland Steel 4'¢s, American Telephone 5'%s, Standard Oil of New York 4%s and Standard Qil of New Jersey 55 made small gains, Interborough Rapid Transit Refund- ing 5s were again the center of support in the tractions, gaining a point. Most of the industrials were higher. Chile Copper 5s, National Dairy Products 5%s and U. 8. Rubber 5s, however, turned down again after initial strennh Junior Railroad obligations were ir- regular. There was a recurrence of heavy for- eign buying in the foreign department. Most of this was in_European issues such as Soissons 6s, Prench s, Bel- glan 6s, Copel hlfin 5s, German 17s, United Suel ‘Worl 6145, Greek and Jugo-Slav Mortgage Bank 7s. Jap- anese bonds were strong also. South Americans were unchanges New financing in prosect includes $22,000,000 McKesson and Robbins 5148 and a Van Sweringen corporation issue, - »|Washington Stock Exchange SALES. Po]t Elec. 6% pfd—10 at 113, 20 at ! Pot. Bikc. 512% pfd.—10 at Josy Fed.-Amer. Natl, Bk.—3 at 280, " Col. Sand & Gravel ptd: 0a 95, 5 at 95, 10 at Fed-Amer. Co. com —10 at 31. Mergenthaler Linotype—2 at 107%. | The Carpel Corp.—50 at 2614 Security Stge. Co.—b5 at 115, AFTER CALL, | Pot. Elec. 5%% ptd.—5 at 108%, 5 at 108, 105 at 108. Pol!nElec 612% pfd.—5 at 1123, 10 at Wash. R. & E. 45—$1,000 at 8715. Col, Sand & Gravel prd.—s at 95, 20 A Capital ’Pnctlnn 55—$1,000 at 94!, $500 at 9415, Bid -nd Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4'as '33. Amer, Tel, & Telgs. 4las 3. b Tel a’ Bm Asked Potomac Elec. cons. 5% Potomac Elec, 89 1 Balto_ & Annap. ton Gas 5s. m‘.-. 2328 MISCELLANEOUS. Barber & Ross, Inc. < Gham.-Vanderbiit Hotel, 612s.. Chevy Chase Club s D. C. Paper Mfg. Pot. Joint. Stock L4 Cold smun 5 Viah o Bidte STOCKS. rusl.u: OTILITY. Tel. (9) c-mm Sraguion Co. i ash. ht Co. as i & Wash, emm Potomac Elec. Pow. s===§;: 3 td Annly & El a. Pfey Rwy. & Elec. com (7) NATIONAL BANK. Capital (14) . Metropolitan Riggs (15) Second (9e) .. Washington '(i3) TRUST COMPANY. Sec. & Tr. Co (15) cununem-l Frust (). Merchants' Bank (6) Natl. Sav. & Trust (137 Union Trust ( | Washington Lok & ‘Trust' (14).+498 SAVINGS BANK. Bank of Bethesda (81) & Savin urity Sav. ‘& ‘Com. Seventn Street ¢ Firemen's (8 National Unton (15) t TITLE INSURANCE. Columbla (8h) .. il &'Tov. Co "M com. Barber & R 20 Cha 100 0 ”Va 125 33 102 1 110 103 108 4% 108% mer. Co. co P!denl -American nm Lanston Mo e (8 *Ex dividend. B Books, nase o o UL SON BANK CLEARINGS. NEW YORK, Agfll 23 (Special) — New York bank o clearings $1,496,000,000 $1,333,000,000 New " Vork by 000, 000, N .‘“4‘.,'1, Fed. 204000000 147000000 LN ry credit balance; 169,000,000 137,000,000 ———— Symington Company. BALTIMORE, April 23 (spechl)— Symington Co. reports for the Tl ended March 31 net income, §: oun after all charges, equal after class A dividends to 22 cents a share on 300,- common shares, 5. inst uu'm or ::’:onh on 200,000 A shares 6s, Karstadt 6s, Krueger and Toll 5s|K UNITED STATES. 000.) (Sales are Sales. Hig! n Low. 23 1003 1003 1008 10 101 14 101 10 101 14 Lib 4th 448 US3%s'4s.. US4Kss2.. FOREIGN. Argentine 5s. Argentine 6s Argentine 6= Oct'59 Argentine 514862, Argentine 6s A. Argentine 6 B Australia 4%« '5 Australia 55 '55. Australia 58 ‘57 . Bank of Chile s, Rank of Chile 6%s. Belgium fe Belgium fl6s. Belgium 7x 55 Belgium 7s 5 Belgium 7148 Belgium 8= Bolivar 7s '58 . Bolivia 7« etfs Bolivia 8s. Bordeaux 6s Brazil 6148 26 Brazil 614827 Brazil 7s Brazil fs Canada 5831, Canada 5= '52, Chile 62°60. .. Chile 62 61. Chile 7s'43. Christiana 6 Con Pwr Japan 7s. . Copenhagen 5s rcts Denmark 4%s..... Denmark 5%s '55. Denmark 6s. DET5%s, ) Dutch Bast T 6x "6 El Salvador 8s '48 Fiat 7s war '46 Fiat 7s ex war "4 Holland-Am Hungary T%s. Ttaly 7s.... Italian Pub Sve 7s Japanese 6%s Jugoslavia Bank 7s Norway 615 '52 Orient dev 51 58.. Orient Dev 65 '53. Paris-Lyons-M 6s Paris-Ly-Med 7 Peru 6s '60 Peru 68 '61 Poland 6s " Poland 7s (rcu) Poland 8s. Rhine Wat EP 652 Rhine West6s '53. . Rhine Wat EP 7s'50 Rio de Janeiro 6% Rio de Jan 8s " Rio Gr du Sul 6; Rome 6145 Sao Paulo '50. Saxon (PW) 7, " | Toklo 5%s ‘61 Utd Kingm 6 sfi. Uruguay 6=°60. Vienna 6s '52. Warsaw 78 '52 Abitibl P&P s '53. Abram&Straus 51 s Alleghany Cp 58 Alleghany 6s '49 Allis Chalm §s 37 AmChem 5%s cv's Am Int Cor 5148 '49 Am Nat Gas 648'42 Am Smlt & R 1st 58 Am Sugar Ref Am T&T 55°65. ..., Armour&Co 4% Armour, Del.5% Atl Gulf 55 '59 Bell Tel, Pa, bs (B) Bell Tel («C) Bethlehm Stl pm 53 Brklyn Edison b Bush Term Bldg b Certn-Td 5%s ret: Chile Copper 5s. Colon Ofl 6 '38. Col G&EI 6s,May’53 Com Invest 5145 '49 Com Invest 65 ‘48 Con Coal, Md, bs. ConGasNY 5% Cuban Am Sugar 8s Denver Gi Duquesne 435 '67. East Cuba Sug mg Fisk Rubber § Gen Cable 5%s '47. Gen Mot Ac Cor 68 Gen Pub Sve 6% Gen St Cast 5% 849 Goodrich 6%s. . Goodyer 58 ret; Hoe & Co 6%s. Humble O & R 5l. . HumbleO& R5%s 1li Bell Tel 111 Steel 4% s *40 Inland Steel 43 '78 Intl Cement 55 48. . Intl Match 58 47 Intl Mer Mar Intl Paper 58 '47 Intl Paper 6s...... Intl Tel & Tel 4%% Intl T&T 4%scv. N Am T&T cves'381161 2 800 129 138 10123 101 20 101 23 11009 1009 1009 . 171 10420 10416 10419 . 10 1078 1078 311119 1112 1119 1078 . Low. 2:88. 88 88 9 9%, 938 091 994 R21, 20% 90 965 9914 99y 98% 9% 99% 99% 8214 a0% 90 968 9914 % 10216 107% 107% 107% & 1124 112y% » 3 e wos eenfarFansnuaon RonaBoalSelngaraanBunBa ninSvunonSavnoBanar’ ~unwe o 7 103 10214 101% 1018 108y 100 90 101% 5 103% i78% 10834 104% 108% 107% 89 84 76% 105 107 101% 104% 101% b1 96 83% 1018 93% 97% 5 106 99% 101% 7 16 74 - EX<I-FN EEEE~w e am e 102% 1031 102% 106% 107% 9% 85% 101 102 104% 98% 94 102 994 004 12 90% 13 90% 90% port NBo aRARBBEE M o R~ E oo o 107% 108 115% 115% 110% 110% 82 R2Y R0 R0 9% 9% 108% 103% A% A% 2415 RS 90 90% 9F% 98% 100% 100 1058 105% 921 92% 1% 91% 100% 100% 101% 101% 100 100 97% 9% 9% 9% 100% 100% 104% 105 101% 101% 101% 101% 101% 101% 107 107 105% 106% 93t 9374 0% 91% 964 961 100 100 108 108 117% 117% 122% 122% RO% 89% 94U 9% 10R% 108% 103% 108% 824 824 8 8 99% 99y 103% 103% 108% 103% 1 1% 100% 100% 104 104 87 87 87 87 984 98L 100% 100% 103% 103l 103% 103% 102 102% 90 91 S74 994 102% 1028 10‘% 104% 100% 101 98% 100 97% 97y 107% 107% 854 bl 103% 103% 104% 104% 107% 107% 99% 994 150 100 981y 87 £0 965 MISCELLANEOUS. .17 87 6% 103 105 1024 1021 101% 101% 1014 101% 108 108 100 100 29 90 100% 101% 103% 103% 174 175 108 103% 104% 104t 108% 103% 106% 106% 89 89 83% 8y 6% 764 104% 105 106% 107 1014 101% 104% 104% 101% 101% 51 61 95% 96 83% 83y 100 101 93 93 9% 9Ty 65 55 106 106 9% 99% 101% 1om 7 1024 1024 108 108 102% 102% 105% 106% 106% 107% L34 94 85 85 100% 100% 101% 101% 104% 104% 9% 98% 4% Yal 101% 102 99 99 100% 100% 204 90% 88 83k 90" B0, 126 1284 Intl Tel&Tel 65'55. 47 96% 96% 96% Kan G & E 6s '52 Kendall 5% 548 ww Lackawanna Stl b Laclede Gas 58 Laclede G 5% Lautaro Nitrs Ligg&Myers Lorillard (P) 7 McC'rmek ER 68'34 Midvale Steel 5 Montana Pwr ‘4 Montana Pwr db 5s MorriadCo latts. Am Ed bs... No Am Fd 5%s '62 Nor States Pwr bs. Pacific Gas & El bs. PacT&T 1st b P- Amer Py ount 6s '47 P-llu Exchange 78 Phila Co 58 - Phil la & Read 105% 91 1024, 101 102% 85 103% 126% 9% 89 93 107% 102 1 8 100% 84 98% 27% 106% 105% 105% 9k 9 102% 1024 101 101 10245 1024 B4 8 108% 108% 126 126% 97 9 8815 88l 93 98 108% 108% 101% 102 100% 100% B4 B4 8% 98%, 27% 27% 1064 1054 102% 102% 102% 102y 101 101% 102% 104 5 101 26 70 99% 106% 101 102% 102% 101 101% 101% 1024 102% 108% 1084 101 101 69 10 9% 101% lu Wire Direct to The Star Office Sales. High. Low. 3:88. 95 !«5\‘ 34“ ll 97 40\6 434 48% 100 100 100 100% 99% 99% 96 102% 1024 102% 103% 103% 103% 100 99% 100 98 98 98 9% 95 95 Phillips Pet 53 Pllllhury F M 6543 Postal Tel & C5%s Pressed Stl Car bs. Pub Sve G 4%s '67. Pub Sve Gas 4 %4s. . Punta Alegre Pure Oil 513 '37 Rem Rand 5% s war Richfleld O1l 6s '44. Sinclair Of1 6%4s. .. Sinclair Ofl 7s. .. .. Sinclair Crude 64 Sinclair P L 6 Skelly O11 5% South Bell Tel 6s. . Southwest Bell Stand Ofl, NJ 46 Stand OIL N Y414 ‘Tenn Cop 6s B '44. Tex Corp cv b8 ‘44. Transcontl Of] 6348 United Drug 5s '53. US Rub 1strf U S Rubber 714 Utah Pwr&Lt Utilities Pwr 548, Vertientes Sug 7. Walworth 6s ‘45 War Quin 6s '3 Warner Sug 7s V&’lrner Sug 7s tern Elec 5 Weats Union 58'51, Westn Union 63 s 104' 104% 1044 103 1024 102% 96% 96 96 101 101 5 105% 103% 102'% 103% 961 96 96 87 B6Y% 86l 100t 100% 100% 100 99% 99% 92 91% 9l 57 57 57 2 92 w 91k 91k 91U 50 50 50 106 106 106 103% 103% 103% 6 102 101% 101% 109 108% 109 95% 95| 3 1034 103% 108% | o White Sew Mach Willys-Ov 6348 '33. Wilson & Co 1st 6s. Win RepeatAr 7%s 14 108 103 103 Youngstn S &T 5s.. 5 102% 102% 102% RAILROAD. 1 81% 81% !l% 4 9 3 W T T 1001 100% 100% 10z 102 102 Ann Arbor 4s A T&SF cv 43 2005. Atchison adj 4s Atchison gen 4 Atchdeb 4 %5 At & Bir 4533, , Atl & Dan 1st 4s'43. Atl Coast L 1st 4, Atl Coast Line 4, B & O gold 4s. 20 931 92% 93 44 134 138% 134% 88% 88l 88% i 65 65 12 924 924 2z 89 89 v2% 925 100 99 100 213 101% 101% 101% 3 102% 1021 102% 7 101% 101% 101% 2 104% 104% 104% 5 108% 108l 108% 1 984 93% 934 15 102% 102 102% 4 85 84N 84% 8T 8T 98 98% 97% 984 85 88 96 964 95% 95% Y 96% 95% 2 101% 101% 101% 5 102 102 102 18 111% 110% 111% 8 99% 99 99 14 93K 92% 934 9 102% 102% 102% Ches&Ohio Corp 5s. 14 100% 100% 100% Ches&Ogen4lis.. 4 99% 99 Ches& O 4%8'S3 A 1 96% Ches & O 4345 B '95. £61% C B& Q gen 45 '53. CB&Q4%s'1TB Chi& E Il gn 58 51. 19 Chi Gr West 45'59. 1 ChiMIIStP&P 55'75. 11 CMSP&Pac adj5s03 72 Chi NW 41482037, Chi & NW con 4% Chi & Nw 6%s Chi RI&P gn ChiRI&Prf 45, ChiRI&P t%s Bang&Aroos 4s '51. Boston & Maine 5s. Bklyn Manhat 6s. Bklyn Un Bl s Can Nat 5s. Oct '69. Can Northern 7s Can Pac 4%5 46 Central Pacific 4 Cent Pac 1st 5s '90 96%, 950 91% 9% 1% 68 911s 6 68 961 96% 66 101% 100% 101 18 108 108 108 9% 89% 96% 97 931 98% . 100 100 10 104% 104% 104% 19 9’ 5 2 1 Cuba Nor 5 ‘&l ret: Del & Hud 1st rf 4 Del & Hud 5% Del & Hud 7s '3 93% 934 il T 104% 104% 104% 5 1004 100% 100% 33 95% 944 954 Det United 414 E Tenn Va&Ga 5 Erie 1st con 48 1 98% 98% 98% 1 104% 104% 104% 13 86% 5% 85% 17 95% 94% 954 112 95% 95% 95% 4 100% 100% 100% 9 106% 105% 106% 2 111% 111% 111% 2 96% 96% 96% 3 96 95% 96 4 110% 110 110% 974 97U 9% 9% 9% ¥Ti% 88% 88 92% 92% 987 YB% 96% 2% 2% 59% 89% 87 5 Erie 551930 w. Erie conv Ex 7 Gr Trunk st deb Grand Trunk 7s. Gt Nor 4148'76(D). Grt Nor 1st b Great Nor ge; Hocking Val 4 Hud & Man adj 5s. Hud & Man ref 5s.. 111 Cent 4s '53. 111 Cent ref 11l Cent 4% s 111 Cent Chi 4138 Int Rapid Trans bs. 4 Int Rap Tr 5s stpd. 37 Int Rapid Trans 6s. Int Rapid Trans T Int & Gt Nor adj 6 Int RysC Am 5s Kan City Sou 55 Kan City Term 4; Lake Shore 4s '31.. 1 4 3 5 1 7 1 45 100 99% 100 1 1064 106% 106% 8 b4 53% 54 12 %4 93 93 3 100% 100 100% 11 100% 100% 100% 1 9T% o7 97K 2 101% 101% 101% 3 101% 101% 101% 16 78% 784 78y 1100 100 100 5 99% 99 99 7 99% 99 993, 3 111% 111% 111% 4 91% 91% 91% 5 99 29 99 4 102% 102% 102% 13 984 98 984 ManRy 1st 4 Market St 7s '40. . Mill El Ry&Lt 4%s Mill El Ry&L 55'61. M StP&SSM bs gtd. M StP&SSM 6%s. . M K&T prin 5s(A). Mo Pacific gen 4s. . Mo Pacific 58 A '65. Mo Pac 5s F '77.... 3! Mo Pac 58 G & Mo Pac 5%s 49 cv. Nash Chat&StL 4s. NOTex&M5sB. Cenrfim 4 6% 96% 1 953 95% 95 6 107% 1074 107% 7 106% 106% 106% 5 1015 101% 101% SlLl '32.. 13 102% 102% 102% NH&H 4s ‘55 B 843 Bew 84y N Y NH&H 4s '57 7 80 79% 850 NYNH&H 4%s°67. 7 9214 921 923 NY NH&H cvdb 6s 35 126% 125% 125% N Y NH&H clt 65 1 msw 1054 105% NYOnt&Wis 59! NY State Ry 434s.. 1 NY Sus&Wn 55 37. 2 NY Sus&Wn gen s- 27 NYW&B4Y Norf & Wn con 4s. . H Nor Pacific 3s 2027. Nor Pacific 4 3 90% 904 90 6112 111% 111% 2 81 81 81 Nor Pacific ref 6. . Ogden&Lake Ch 4s. 1 105% 105% 105% u :ut Nv. suu Ore Short L 5s gtd. 9 Penna 4%s1970... Penna gen 4%s . Ponna X660 .. 5 O0% 9% oo Pennagenbs...... 7108 107% 108 4.0 14 104% 104 104 12 109 108% 1084 1 96% 96% 96y 1 85% 85% B85% | pe 12 96u 96 964 4 104% 103% 104% 6 1074 107% 107% 6109 109 109 1100 100 100 1 99% 99% 9% 4 99% 98% 99u 1 98% 98% 98% 2101 101 101 9 97w MU 9Ty 5 90% 90% 90y 29 91% 91% 9l 5102 102 102 1 87% 87y 87% 1 99% OD% 99% 2 97 11 Y N Y Y N Y N Y Y X cc p 4 NY Z 222277271 P(‘C&SlLS!(A . P C CAStL 5s B'75. PortEIPL 6s Port RL & P 58 '30. Reading gen 414 A. RIArk& L 4%s... St L IM&S gn 58 3 StL IM&S R&G 4 StL&SFpl4sA... StP & KCShL 4%s. StP Un Dep 5s..... San An&Arn P 4s Seaboard A L 4s Seaboard AL ref 4s. 4 b8% 58% 58% Seaboard AL cn 6s. 6 8% T8% 8% SBAIIFla6s'35A. 3 664 66% 66% SB All F 5B 5 64% 64% 64w Sou Pac clt 1 9!% Nk 9% Sou Pac 438 rets 4 Sou Pac 4138'69 ww aa 0’ Scu Rwy gen ds. ... Sou Rwy 68 '5 Sou Rwy 6%s 90 9 ’ lldh 114% 114% 22 121% 120% 121 6 961 96% 961 | sa] IAL. 41%a current re- ter — One-pound prints, 12'/,, tub, 40a41. 28a29; Eggs—Hennery, ceipts, 261,827. Poultry. alive—Turkeys, young, 32a33; sprl.n; broilers, 38a40; Winter cmckenl 2a35; Leghorns, 33a34; fowls, 26a27; capons, 32a35; ducks, keats, 60a65. Dressed—Turkeys, young, 37a38; old, 32a33; Spring broilers, 46a Winter chickens, 3 horns, 15a1 6a. 25a2¢ 80a90. Meats, fresh killed—Beef, 20a23; veal, 22a25; lamb, 22; pork loins, 25a28; fresh hams, 24a25; fresh shoulders, smoked hams, 26; smoked shoulders, 0a22; bacon, 26; lard, in packages, 1213; in bulk, 11%5. fi\'e stock—Calves, 9al1la; Spring lambs, 11a13. NEW YORK, April 23.—The following is today’s summary of important cor- porluon news prepared by Standard Statistics Co., Inc., New York, for the Associated Press: News Trend. Operations in the steel industry were advanced slightly during the past week to about 7612 per cent of capacity, com- pared with 75 per cent in the previous week and 98 per cent a year ago. The United States Steel Corporation in- creased its rate of output to 81 per cent against 79 per cent in the preced- g week; independents are running at nbout 72 per cent, contrasted with 71 mr cent a week previous. At this time t year the Steel corporation was at clpficlty while independents were run- ning at 96 per cent; in 1928 the Steel corporation was at 89. per cent and in- dependents at 81 per cent with industry average 85 per cent. Freight loading for the week of April 12 totaled 911,310 cars, an increase of 3,382 cars over the previous week, but the lowest of any like week since 1924. Compared with 1929 total, was 61,842 lower, while against 1928 decline was 1,349 cars. All commodities but grain products registered decreases contrasted with 1929 figures. Official figures on crude oil production make much more favorable showings than estimate. Daily average output in the week of April was 2,560.000 bomll. & decline of 250 barrels from previo week’s average. Preliminary ectlmlu showed an increase of 7,782 barrels. c-lltomh output was up 10,200 barrels The Companies.’ Allis Chalmers Manufacturing nrned 93 cents on common stock in March qunter against 89 cents in like 1920 Axnerlcnn Piano certain properties to be sold at public auction May 21. Brooklyn-Manhatten Transit March surplus after charges $748,007, after mi~ nority interest nst $712,816 year ago; 9 months surplus $5,164,018, after mi- nority interest, against $4,697,675. Chesapeake & Ohio ailway to spend $51,336,630 on additions, betterments, purchase of equipment and construction of branch lines. Chrysler Curpontlnn shipped 9,801 units in March. Commonwealth & Southern Cor tion declares initial dividend of $1. 36 pre!ern stock. Fox film aflliate, West Coast Thea- ters, plans erection of 16 new houses, mvolving expenditures of about $3,000,~ Genenl Motors U. 8. Governmt se- curities on March 31 to $125,814,939, against ‘lll.fi!’l” on March 31, 1920. Net worl cal March 31 was $267,791,541, $251,287,782 on December ll March sales to users 123,781 units, against 166,942 year ago; 3 months sales 286,690 units, against 351,079. March les to dealers (inclue Canadian -nd (omirn). 135,93 months sales m 635 units, aglnn 623 119. Delco Light sales 4 first two weeks of rll 98 cents on common March qmmr against $1.37 in like un quar- Gnh:m -Paige April ts taled 6.500 units, against :‘mflmm ln Apfll. 1929, production totaled 11,- lndhn Motor Cycle acquires substan- tial stock interest in dll Pont Motors, Inc. E. Paul du Pont has been elected director and chairman of exzcuun committee; F. I, elected a director. Industrial Rayon earned $1.80 on common stock in March quarter, against $1.90 in like 1929 period. International Business Machine earned $2.82 on common stock in March quar- ter, against $2.50 in like 1929 period. International Shoe currently produe- ing about 165,000 pairs of shoes daily, about 35,000 below peak attained in Oc- tober last. Missouri Pacific Railroad Van Swer- ingen interests have notified Missouri Pacific management and road’s bankers that they oppose plan to refund bank dividends on preferred with an is- sue of common stock. New York, Chicago & St. Louis Rail- road earned 76 cents on preferred stock in March quarter, against $3.89 on com- mon stock in like 1929 period. Norfolk & Western Railway earned $5.03 on common stock in March quar- ter, against $5.45 in like 1929 period. Phillips Petroleum sales of natural su in first quarter, 46.000,000,000 cubic feet. Number of stockholders increased 10_per cent in first quarter. Radio Corporation of America on completion of acquisition of 6.580,375 lddnloml shares of R. C. A. common stock by General Electric Co. and West- inghouse Electric & Manufacturing, for- mer company will hold 31.9 per cent of voting power and latter company 19.5 per cent. Southern Ice & Utilities committee appointed in connection with plan for exchange of securities for $1.60 interest bearing allotment certificates of Asso- clated Gas & Electric. Standard Gas & Electric earned $7.01 on average common shares outstanding in 1929, against $6.57 in 1928. Standard Oil Co. of California tank wagon price of gasoline advanced to 21% cents a nllon from 19'; cents, in- cluding 3-cent State tax. Actual price to dealers remains at 15 cents, thus increasing dealers’ differential from 4 cents to 6 cents. Union Pacific Railroa March net operating income off 44 per cent from year ago; three months’ net off 43 per 1 | cent. ‘Western Union Telegraph recently ac- b:lmi A:;rlun ‘Telegraph & Cable to William Wrigley, Jr., Co. earned $1.32 jon common stock March qu-mr. | against $1.33 in like mo period. Youngstown Sheet be—-Cyml Eaton, E. C. Bulnlrd and Hugh B. Wick elected to board. MONEY HARKET NEW YORK, April 23 Call money steady: high, 4; low, an,, ruling rate, 4; close, 31 cent. Time loans steady; 30 and 60 dlyl. 3%-4; 90 days, 4; ¢ months, 414; 5-6 months, 41,-4%. Prime commercial paper, 3%-4. Bankers' acceptances unchanged. les. Eign & 1014 18 101% TakaucSlB'” Virginia Ry Va Ry & Pwr Shore 4 w Tex Ark FS 5%8'50 5 104% 104% 104% Wig Cen gn 4s 4