Evening Star Newspaper, April 24, 1930, Page 15

FINANCIAL PRICES ARE MIXED IN CURB DEALINGS .. whiel ~Prev 1930.—~ . Low. Oils .and Utilities - Higher. | Motors and Coppers Lose Ground. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, Aprli 24.—Petroleum and public utility shares led the upside of today's curb market, while coppers and motors headed the downward side. Trading was nearly 20 per cent below Wednesday's volume, offerings decreas- ing as prices turned irregular. Call money renewed at 412 per cent with the trend definitely downward. Electric Bond & Share, after openin; i rer, moved higher. United Light Power A, American Superpower and Middle West Utilities also opened down. then steadied. ‘The feature of the opening was the rrance of a block of 18 shares Citles Service at 43%, an overnight ,Iln of 1 point and a new peak price the year. Standard Ofl of Kentucky rose to a new high level and Ohlo Oll responded to declaration of a regular $1 quarterly, thereby placing the stock on & $4 annual basis against $2 regular and $2 extra paid heretofore. American Commonwealth's B shares, by an early gain of nearly 4 points, moved to a new top. St. Regis Paper, on a fractional advance, also moved to & new peak. Southwest Gas Utilities, which is reported to be seeking addi- tional properties, was the first of the natural gas shares to attain & new maximum price for the year. Singer Manufacturing led the up- swing in the higher-priced .industrials as the first five sales brought about an dation of 24 points. Great At- lantic & Pacific Tea was -down several ints, but A. O. Smith Corporation, e Singer, scored a new high. Radio-Kieth-Orpheum rights, leader of trading in Wednesday's session, early started out to capture the volume lead- ership today, rising fractionally to a igh, as the common shares over on the big board were given several vigorous whirls. Fox Theaters A was active, but did not meet the brisk bids '.hne“chancwflnd its recent move- ments. ASSOCIATION OFFICIAL VISITS LOCAL OFFICE Matt C. Smith, Eastern supervisor of Pidelity Investment Association, is in ‘Washington to inspect the new quarters in the Shoreham Building. He will also confer with the local directors, who are Bn'nrd Sutherhnd. alien prog:rty Marshall flnm Durun ‘& Rllbhe formerly Assistant At- torney General of the United States, and Robert V. Fleming, president of the Riggs National Bsnk who took the place on the board of the late Secretary of wu.vnms W.Oood Resources of the association have ined more than $1,000,000 since the of the year, On March 31 they ‘were $21,240,000. 'rmmv CERTIFICATES. ed by 3. & W. Seligman & %o 100 8-32 er. B FEEE LR R T o 'y 55 1946 o T, Mt & So. Ry. Bs 193 ‘Southwestern R, 45 1932, 98 1932 - 100% 95! 4 X 44, . 1035 ee! 3 5 1 Corp. 4%2s 1953, 90 BONDS ON THE CURB MARKE' ONDS. umlnul& A Amer : =..§E 5‘ .r...:...-n—...:....:.:-.:..m o9 .%‘9 £l y 10°Ys 1073 %55 1000k 13! 3 g 1 150 107 108" 110 837 837 1004 10044 101 11 21% 81% s 1013 101% 103 n'/n 84 iRt Siat Blec B¢ 48 Cent St P&L 8 28 0 R 1&P 445 ities Service 5" s 0148 .4 nmmn Fife E. R r Slas ‘31 Gon Penaes Mun Pro l’ 3 ". e Pruss! ian P 8 "Efi“,.'.‘.;fl Tost 2 0EW e T When w—With Wit gsazszny Fatrents. it warrants. G STAR, WASHINGTON. D. C, THURSDAY, APRIL 24, 1930. FINANCIAL. % A5 TRANSACTIONS ON THE NEW YORK CURB MARKET 70 " Acme Steel (new). .. 424 Acme Wirs v.t.e.(12) . 1% Aeronautic Ind war. 8 Aero Supply (B).... 21% Afnsworth ($2%)... 84 Alr Investors v.te.., 11% Afr Inv, Inc, cv pf... 16 All Am Gen Corp. 4 Allegheny Gas. 16% 10% Allied Mills (60c). o 356 275 Aluminum Co of Am 24% 19% Alumn Goods (1.20). 109% 70 161 8% 1% 19 50% 30 167% 150's Bell Telof Can (8). 30% 16% “n 4% €8 % 54% 164 5! 260 14 AmCP&L(B)(10%) 234 Am Com I'(A) b10%. 844 Am Cwith P(B)10% % Am Co'with Pwr war % Am Control O1l Fids. 25% Am Cynam B ( 3 Am Dept Store: 16% Am Equiti 60% Am For Pwr(war). ., 118% Am Gas & Elec (31). 105% Am Gas&Elec pf(6). &0 P TSP P T4 60% Am Hard Rubber(6) 100s 28 10 Am Invest, Inc (B) 46 Am Mfg Co (4) 1% Am Marieabo. 7% Am Natural Gas. . 55% Am Salamandra (3). 18 Am St Pub S A(1.60) 28% Am Superpwr (1). 87% Am Superpwr pt (! 94% Aun Super 1st pt (6 3% Am Thread pf(25c. 10% Am U&Gen B vte 40c 3% Am Yvette (n) wi... 17 Amrad Corporation.. 15% Anglo Chil Nitrate, 8% Ark Nat Gas (A) 7% Ark N G cu pf(60e) .. 18 Art Metal Wks (3).. 2 Asso Dyeing & Ptg. . 5% Asso Elec Ind (30c). 47% As80 Gas & Elec (n). l‘h AIIO G&E (A) 12.40, G&E (A) dbrts l A 0 Laund (320¢) 39% Asso Rayon pf (6 224 Atl Coast Fish( % AtlanticFruit & Su 22% Atlas Plywood (2) 16W Atlantic Secur Corp.. 6% Auto Musie (A) (1).. 4% Auto Voting Mach. .: 9% Auto Vot Ma cv pf pt. 7w Aviation Securities.. 46 Bancomit new (1.60) oo - .m-..-a‘-..-:?.-..—s-..-e Sa - © N BN I NI B 77% Baumann(L) pf (7). 25s 28 Blisa Co (EW) (1) 6% Blue Ridge Corp. ... 83% Blue Ridgecv pf(ad) 27% Blumenthal (8)..... 63 Bohack (HC) 2% ... 6 Bourjois, Inc (1).. 86% Brazil Trac & Lt (2), 10 Brillo Mfg, . 3 Burco, Inc (war). 2% Burma Corp (tile) 4% Bwana M Kubwa, L 3 181 Celluloid Corp. 22w Cent & Sw U (b 19 Cent States Elec $40¢ 12 Cent Sta E1 pf(6)xw, 2% Chain Stores Dev. ... 123 Chain Stores Stock. 22% Chathm Phoe Al n-v, 22% Chem Nat Asso n-v 53 Ches & Ohio (new).. 184% 155 Chesebor Mfg (t434) 17% 16% Chicago Corp (The).. 8% Cit Sve pf B (60c)... 16 - Clark (DL) Co (1%). 63 Clev El Illum (1.60). 18 Clev Tractor (1.60, 6% Colon Oil.... 263% Colts Pat Fire A u‘). 423 Colum Pictures v.t.c. % Columbia Syndicate. 7 426s 152 2 25 11 16 - 2 O h R e E - KN NE NN T Sales— Dividend Rate. Add 00. glum lilh lav 2:58. u 2% 10% 30 » 23 19% ™ 161% 149 106% 106% 72% 70 14% 14% 86% b2 26 17 60 22 830 234 Com'with Edison(8) MWI.!W mn “" 6% 5% 5% 3% Com'wlith & Sou war. 12% Comm Wat Serv b6 % 16 Consol Alrcraft..... 18% Cons Dairy Prod (2). 90% Con Gas, Balto(3.60) 21% Con Gas Util A 2.20., 10% Con Gas Util,B v.te.. 8 Consol Instrument. 10 Consol Laundries. ... + Consol ada-Utah 10% Con Retail Strs u). . D 38 Cooper Bess pf A (3) 114 Cord Corp. M Ooly So Anon 74 e Petroleum % Crown Cent Petrol. 4 Cuban Cane pr opt 5% Curtiss Flying Sve 1% Curtiss Wright wa . 1 Cusi Mex Minin 'IK Darby Petrolm (1). ton Air & Eng. l 2% De Forest Radio.... 6% DeHav.Alr Itd ret 50¢ 4% Derby Oil Refining. 6 Detroit Aircraft. 10% Dixie Utilitd 1614 Doehler Die Casting. 12% Douglas Air (75¢). 62% Draper Corp (15) Dres(SR)MfgA3%. Driver Harris(new). 8 Dubllier Cond & Rad. 4% Durant Motor! 25% Eastn G&F Ass 87 Eastn G&F As pt (6) 18% Eastn Sta Pwr B(1). 7% Eastn Util Inv (A).. 14 Eisler Eelectric(1%) 80% El Bond & Sh (bS).. 103% EIl Bond & Sh pf (6) 44% Elec House Util(2) 24% Elec Pwr Asso (1). .. 22% Blec Pwr Asso A (1). 28% Ele: Pwr & L op war, 16% Elec Shareholdg(31) 80% EBS, Inc An-v(2) 13% Empire Fire Ins. 19% Emp Pub Sv A( 18% Europ El Ltd.A 60 8 Euro Elecdebrts 2 Fabrics Fininshing, 5 Foltis Fischer Corp.s 28 Kord Motor, Can(A)., 36 Mord Motor, Can(B) 6% Ford Mot of France, . 10% Ford Mor,Ltd, 37 3 2% Fox Theater Cl (A). 14% Franklin Mfg (2)...) 75 Franklin Mfg pf (7). 2% Galena Oll Corp w.A... 6% Uen Alloys (80¢).... 2% General Baking. 86% Gen Baking pt (3). 8% Gen Cable (war) 57% Gen Capital Corp 10% Gen E, Ltd rets (5 Gen Laundry Mach. 32 Gen Petroleum w.i.. 21 Gleaner Com Har(2) 99 Glen Alden Coal 8. 11% Globs Underwriter: Gold Coin. Golden Cen 3 % Goldfield Col 36 Goldman 'I& 18 19 EY Y » 1 (T ) T JRPSEL-PR-TS A=Y HRORKOOODD o IS I T L LT l' 18% 21% 21% 1 % % 116 107“ 107% % b4k 38% 36 2% 28% 32% 14% 28% 21% 0% © 48 8% 108 30 8 23 19% ™ kel 829% 5% ~Prev 1930~ ul:h. Low. Stock and Bales— Dividend Rate. 4w Gold Seal Elec new.. 42 1164 Gr A &P Tea pf (7).. 220% GrA& P Tn-v (5)..1108 242 4% 30 Gorham, Inc pf (3).. 1% Goth Knitback Mach 20 81% Graymur Corp. . Gram'ph'ne rcts 2.91. 11% Groe Stores Prod vte Gulf Oll of Pac14). Hambleton Co cfs 3.. Handley Pag pf 1156 Happiness Candy ... Hecia Mining (1). Heyden Chem (2). Horn (A C) Co. . HudsonBay M & 8 Humble Oil (2). Hydro El Sec.(2).... Hygrade Food Prod. Imp Oil. Can (80c. ... Imp Tob, Can (26¢).. Ind PipeL.n (12%). Ind Terr I11u Ofl (A) Ind Terr Illu Ol (B) Ind ¥in ctfa(b109,). 7 Indus Fin ev pf (7). .5508 Insull Ut Inv(b6%). 80 Insull Ut In 24 pf(6) 508 Ins Co, No Am (13).. Insurance Sec(1.40). Intercontinent Pet n Intercont. Power A.. Intl Petroleum (1) Internat Products. .. Intl Superpwr(11).. Intl Utilities A(334). Internatl Util (B)... Internatl Utll (w: Interstate Equiti; TInterst Eq cv pf(3).. Irving Afr Chute Irving Alr Ch(1.50).. Italian Super war... Ttalian Superpwr A.. Johnson Motor. ..... Klein(H) pt pf $1.20. Kobacker Stores (1). Kolster-Br (Am Sh). « Lane Bryant (2)... Lefcourt Real(+1.85) Lehigh Coal&Nav(n) Leonard Oil. = Stores (1). et (32). Mfg Finance v.t.c.... Mapes Cons (3). Marine Mid (1.20). Maryland Gas (4% Mavis Bottling. Mayflower Asso Memphis Nat Gas. Mer Cha & S (1. 60) Moody’s I S pt pf (3) Morison Elec(11).... Mountain&Gulf(8c). Mount Prod(1.60). Municipal Servic Natl Amer Co. Natl Aviation. Natl Fuel Gas (1)..4 Natl Investors(new) Natl Pub Sv A(1.60), Natl Rub Mach (2) Natl Screen Sve(2).. Natl Steel x-war(2).. Natl Sugar, NJ (2).. Natl Transit (1). Natl Union Radio. Nebel Oscar 13 . Nehi Corp (1.30). Nelson (Herman) (2) New Eng Fuel (new) NewEng T&T (8). .160l N Y Tel pf (6%). g Hud Pwr(40¢c). 'lll Hud Pwr A war Niag Hud Pwr B war Niag Shars Md(40c). Niles-Bement-P 12% Nipissing (30¢).... Noma Elec (1.60 Noranda M1 No Am Aviat A war.. Nor Am L&P (b8%). 1 157 17 Novadel Angene (2 Ohio Brass B (5) Oiistocks, Ltd A 1600 Outbd Mot(A)(1.80). Outboard Motor (B). Overseas Secur (1).« Pac Coast Bis pt 3.60 Pac G&E] 1st pf 1% .; Pac Pub Sve (1.30). 4 Param't Cab(b8%).. Patterson Sargnt (2), Penn GEE(A) (1%). Penn Mex Fuel (2)., Penn Pwr&Lt pt (7). Pennroad Corp. . Pa Water&Pwr(3). Peop L&P, A (a2.40). Petrol Corp (1% ) Philip Morris, Inc. Pilot Ra T(A)(1.20). Pitney B P, n (20¢).. Polymet Mfg (31). Poterero Sugar. . Plymouth Oil (2) Pratt&Lambert(15).. 8% Prince & Whitely 1.. Prince & Whit pf(3). Propper McCallm(2), Prudential Invest. Pub Util Hold w Pub Util Hold war. 9% 10 'm Pyrene Mfg (80c, 118 110 16 8% 8% Quaker Oats pf (6) Radio Products 1 Rainbow Lu Prod B.. Raymond Con pf (3). Red Warrior. ... Reiter-Foster(40¢c). . Reliable Strs(b5%) . Reliance Bronze & 8. Reliance Manag..... Relia Intl Corp A w1 Reynolds Bros, Inc. . Roan Antelope Min. . RollsR,Ltd rets 150c. Root Ref cv pf(1.80)., Ryan Consolidated St Anthony Gold. St Regls Paper (1) St Regis Pap pf (7)., Safety Car H&L (8). Safeway S (war 24). ‘Schletter & Zander Schulte Real Estat Schuite Un bc-31 § Secur Corp Gen (19). Sec Corp Gen new (4) Seaman Bros (3) Selected Industri; Sel Ind allot cfs 5%. Sentry Safety Cont.. Shattuck Den Min. Sheaffer Pen (13) Shenandoah Corp Bhenan Corp pf ( Slerra El pf (6). Silica Gel Ctfs, Sing Mfg Ltd. rc Singer Mfg (126) S0 Am Gold & So Col Pwr (A) (2).. Southern Corp. . 8o Pipe Line (12). Southland Roy (1) 8 W Dairy Produet: 8 W Gas Utilitie: 8 W Penn P&L (1) L Spanish & Gen Reg.« Add 00. onn.mn 1 117% 11 2 1 4 0 2 2 1 4 2 2 6 6 2 1 1 2 2 1 3 2 1 o3 2 |I7V- 117% 236% 344 2 23 42% 12 47 5 159% ~Prev 1930.—~ Stock and High. Low. Dividend Rate. 20% Stand Holding Corp. 1 Standard Motors.... 2 49% Stand O1l, Ind (2%). 26 Stand Ofl Ky. (1.60)." 65 Stand Oil, Ohlo(234). 7 St Oll, Ohlo pt (7)...2908 Stand Pwr & Light.. 4 Stand Pwr & Lt (B). 4 Std Pwr & Lt pf (7). 1608 Starrett Corppf (3). 1 Stein Cosmetic: Stelnite Radio. Sterch Br St (1. Strauss(Nath) (1%). Stromberg Carl(13) Stutz Motor Car. Sun Inv. Sunray O Sales— - Swift Internatl(2%) Taggart Corp (1)... Tampa Electric (12) Technicolor, Inc. ... Teck Hughes (80c).. Texon Oil & Land. ‘Thermoid Co (2) Tobacco & All St Tonopah Mining Transamer ($1.60) Tran Con Afr Tran Tr-Lux DL P S(A. Tri-Cont Corp (wai Tri Utliities(31.20. Tri Utilities pf (3) Trunz Pork 8 (1.60, Ulen & Co Ungerleider F Corp.. Unlon Am Invest. Nat Gas, Can 1.60 Unlon Tobacco row = o R NG R oA KB RGN NN - oo United Feleo Service Unit El Sve pr war. . Utd Founders(b2.35) United Gas Co. ... United Gas Co (new) Special Dispatch to The Star. BALTIMORE, Md,, April 24.~Poul- try, alive—Chickens, Spfln:m u-al, young, 32a35; poor and s Toosters, 16ai8; old_hens, 37 horns, '20a24; ducks, 17a30; guines fowls, each, 50a75; pigeons, pair, wjas Receipts, 2,014 elp! firsts, 25%825% ; 263827%; duck ezgl, 14%.25 Butter — Good fancy creamery, pound, 36a39; lldlu !1!!2 rolls, 25a 28; process, 311:a32; store packed, 19a20. Vegetable Prices. Potatoes—White, 100 pounds, * 2.25a 3.25; new, bushel, 1.50a3.00; sweet pota- toes, barrel, 2.5024.50; yams, barrel, 3.50a4.50; nspnrngux dozen, 1.50a4.00; beets, ci 3.00a3.50; beans, hlmp!r 2.25a23.25; cahbnae h:mper 1.00a2.00; carrots, bushel, 1.25a1.50; caulifiower, crate, 1.50a1.90; lima beans, hamper, 4.50a5.50; lettuce, hamper, 50a1.50; onions, 100 pounds, 2.25a3.00; peppers, crate, 1.50a3.00; radishes, hamper, 75a 1.25; spinach, bushel, 25a80; squash, bushel, 2.50a3.50; tomatoes, crate, 75a 4.00; apples, bushel, 1.25a3.50; grape- fruit, box, 3.25a5.75; oranges, box, 3.75 50; strawberries, quart, 124225, Live Stock Market. Cattle—Receipts, 150 head; uthuup- ply, market steady. Steers, choice to prime, none; good to choice, 12.00a12. 5; medium to good, 10.75811.75; fair to medium, 9.75a10.75; plain to fair, 8.75a 9.75; common to plain, 7.75a8.75. Bulls, choice to prime, none; good to cholce, none; medium to good 850:900 fair to medium, 8.00a8.50; piain fair, 7.50a8.00; common to plain, oo.'l 50. Cows, choice to prime, non: choice, none; medium to 7.508 8.50; fair to' medium, 6.50a7.50; plain to fair, 5.50a6.50; common to plain, 4.00a5.50. Heifers, choice to prime, none; good to choice, 10.00a11.00; me- dium to good, 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, 50 head; light supplr market steady. Sheep, 2.00a6.00; lambs, 6.50a10.75; Spring lambs, 12.00a14.50. Hogs—Receipts, 600 head; light sup- ELY. market lower; lights, 10.25a10.95; 'avies, 10.25a10.95; medium, 10.20a roughs, 7.5089. :5 light pigs, ht sup- ply, market steady; calvel. 7.00a12.00. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, exports, 1.04%; No. 2 red Winter, garlicky, spot, .09 April, 1.09%; May, 1.10%; No. 3, garlicky, no quotations. Corn—No. 2 domestic, yellow, new, 92 a93; cob corn, new, 4.80a4.85 Oats—No. 2 white, domestic, spot, 54a541%; No. 3 white, domestic, spot, 5325315, Rye—Nearby, 80a85. Hay—Receipts, 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 from 18.00 to 22.00 per ton, according to quantity and condition, receipts by truck supplying most requirements. Straw—Wheat, No. 1, per ton, 9.00a 10.00; oat, No. 1, per ton, 9.00210.00. GRAIN MARKET CHICAGO, April 24 (#).—Increased selling that developed today both Northwest and Southwest sources to wheat price setbacks of 2% a bumel compared with top figures e-rller Re- ports were current that the Grain Stabilization Corporation now holds an aggregate of 50,000,000 bushels of wheat actually on hand or under contract for future delivery. Acknowledgment Secretary of Agriculture Hye that the Federal Farm Board had made a mis- take in following economists’ figures on world supply and demand attracted much attention. ‘Wheat closed unsettler, 5 to 1% a bushel lower than yesterday’s finish. Corn closed % to 5% off, oats % to % ggwn and provisions unchanged to 10 e Eo5EE &2 Gesal Letemier NEW YORK B BANK STOCKS NEW YORK, April 2¢ (#).—Over- the-counter market: Banks, Bid. Asked. pmeries ... 143" 148 Banke Cent Haniovei . Chemi Bk & Corn E: County Equitable Guaranty Westchester “Hitie' & T PARIS BOURSE PRICES. PARIS, April 2¢ (#).—Prices were easy on the Bourse today., Three per cent rentes, 88 francs 40 centimes. Five per cent loan, 103 francs 10 centimes. Exchange on London, 123 {rancs 97%% centimes. The dollar was quoted at 25 49 centimes, Add 00. Open. High. u' 355 25% Stock and Dividend Rate. United Gas (war)... 14 United Gas Co c.0.d United Gas pf (7). Utd Lt & Pwr A(1).. Utd Lt & Pwr pf (6. Unit Molasses, Ltd Unit Profit Sharin; U 8 Dairy (A) (5) U S Da'ry (B) U S Dairy (wa U S Elec Pwr (w: U S Foll (B) (1) U 8 Gypsum (1.60). . U S&Int1S3dpd3%. US Linespf (1).... U S & Overseas war. U S Radiator (2).... Utd Verda Ext (4) Utah Apex (50¢).. Utility Pwr&Lt(a1). Utility & Ind....... Util & Ind pf (1%).. Utllity Equities..... Vaccum Ofl (t4%) Venezuela Mex Oil.. Venezuela Petroleum Vick Financial Corp. Walgreen Co.. ‘Walker (H) (1). Watson (J W) Co... ‘Wenden Copper. Westn Air Exp(§0¢) . ‘Westn Auto S A (3). White Eagle Ofl rts. Wil-Low Cafeteria. . Worth, Inc (A). “Y” Ol & Gas. 2 Zonite Prod (1.60) ... RIGHTS. Ind Ter 111 O, ™% % Ludlum Steel. 4 1% Radio K O. 1% Rockl'd L & M 1 % Warner Quin" % O#® % # Dividend rates in dollars based on last quarterly 2% 21 % annual payment. *Ex-dividend. {Partly extra. 3Plus extrs in cash or stock. b Pasable in stock. d Payable in preferred stock. - Sales— Add 00. Open. 3 10% 3 18% 18% 18% 18% % % L e ! 2% 2% 2 2% 1% 1% 1% 1% or semi- in stock. a Payable LESSON FOR COPPER INDUSTRY IS CITED Head of Petroleum Institute Points Out Need of Curtailing Output. Special Dispatch to The St NEW YORK, April 24.—The militant but diplomatic head of the American Petroleum Institute, E. B. Reeser, in an address in Cleveland yesterday drew some significant parallels between con- ditions the oil industry and those in the copper trade. Mr. Reeser has acomplished a great deal in introducin nnd making effec- tive the element of co-operation in the industry. He e: ts to realize even greater results in fleld, where the small producers and the T ones have been combatting each other. He again today called attention to the fact that because of the unnatural tondi- tions in the industry, the producers in 1928 received less for 900,000,000 barrels of ofl than they obtained for 440,000,000 barrels in 1920, He was able to sa; however, that “for the first time in the history of the industry, we are now a| proaching a balance between produce tion and consumption, regardless of the fact that we have the mntut potential ymaucuon ever known.” pnnllel between what had been g place in the oil lndu:try and whn hn Just come to pass in the cop- per trade wu drawn by Mr. Reeser to emphuln ent for co-opera- to tmn mfiupl;l oducers and major '1: 'u evident last Fall,” he said, “that prodm:thn of copper was running greatly in excess of demand, and I.n November the large decided to cut mine production 25 per cent in or- der, it ponlhle. to bring the output down to nsumption requirements. ‘The little !ello'u went merrily on, how- ever, producing to the limit of their {uclty and receiving the full market rice for their output. They disre- zlrded the danger sign as shown by statistics. As a result of the selfish lt- titude of a few producers, the price of copper was cut from 18 to 14 cents per pound. The latter price will not be sufficlent to enable the smaller pro- ducers to operate profitably.” NEW YORK COTTON NEW YORK, April 24 (Special).— Cotton prices were higher active trading -t the opening today. provement ranged from 2 to 13 polnu near months proving the steadier. There was a considerable volume of covering for local and professional ac- count. Liverpool was h—re:ulnr The opening range 16.20, g 12; Ju]y. 1! 35, up 13; Oember. old, 52, up 7; October, new, 15.29, up 8; December, old, 15.60, up 5; December, new, 15.39, up 9; January, old 15.69, up 13; .Ylnu-ry, new, 15.44, up 8; erch 15.1 67 up 2. NEW DU PONT STOCK. NEW YORK, April 24 (#).—Applica- tion to list additional stock on the New York Stock Exchange by the E. I du Pont de Nemours & Co. reveals that . stock with & market value of more than $33,- ,000 for the properties and business of the Roessler & Hlau!ucher Chemical Co. of Perth N. Niagara Fails, N. Y., and St. Albans, W Va. The application”showed that 241,130 shares of du Pont stock figured in the deal. Du Pont stock closed on the New York m Exchange yesterday at $137.25 a COMMODITY PRICES. By the Associated Press. Commodity prices last week fell off perceptibly, Census Bureau calculations indicate, after two weeks during which they tended to stiffen up. Figures which follow give the index for all 1 com- modities at wholesale, 1926 ave . | prices being considered as 100, for the 74 | week and comparable periocs. In addi- tion, selling arlcel of a ton of composite steel products for ll.ke dates is given. I commodities. - Sieel Wesk ending April %0.7 334 Preceding week Same week Tast yeai METAL MARKET. NEW YORK, April 24 (#).—Copper unsettled; electrolytic, spot and future, 14; iron quiet, unchanged. Tin easy: lpot and nntby 35.50; futures, 85 75. Lead quiet; it New York, 5.50; East St. Louis, 5.40. Zinc easy; East St. Louis spot and future, 4.75a4.80. Anti- mony, 7.62. Washington Produce Butter—One-pound prints, 4215; tub, 40a41. Eggs—Hennery, ceipts, 2614827, Poultry, alive—Turkeys, young, 32a 33; old, 28; Spring broilers, 38a40; Win- ter chickens, 32a35; Leghorns, 33a3: old hens, 26a27; capons, 32a35; ducks, 15816; keats, 60a65. Dressed—Turkeys, young, 37a38; old, 32a33; Spring broil- ers, 46a48; Winter chickens, 37a38; Leghorns, 36a37; fowls, 30; capons, as- 40; ducks, 25a26; keats, 80a90. Meats, fresh killed—Beef, 20a23; veal, 22a25; lamb, 22; pork loins, 25a28; fresh hlm!, 24a35; ' fresh shoulders, 22; 20-22 D 361 famy i T in e 11 EE 1 vo stock—Cal 9alllz; Sprin, lambs, 11a13. = . FISHING INDUSTRY AIDED BY SCIENCE Quick Freezing Methods Result in Greater Distribution of Product. 41%%8 28a29; current re- alves, BY J. C. ROYLE. Perils of the sea.still exist, but the réwards for the conquering of those perils are greater than ever before, so far as American fishermen are con- cerned. They have just concluded the greatest fishing year they have ever known, not because they caught over- | whelming quantities of fish, but because | the trade outlets for those they caught Wwere more numerous and more open than ever before. Modern sclence has come to the | rescue of one of the world’s oldest in- dustries. The quick freezing of fish at extremely low temperatures has made it possible to market advantageously products which formerly went into the garbage wagons. The Bureau of PFisheries reports that the industry never was in such a pros- perous condition as at the end of this Lent. The 40 days of Lent is the har- vest time of the fishing year and ihis year the amount consumed was larger than at any other similar period in America. This was largely because the interior markets have convinced their customers ler. | that ocean-caught fish now can be transported to them not only in a Wwholesome condition, but in such shape flh‘:t not I Dlrfldfl of the fresh flavor been I Similar imvrovemenm Thave been made in the pickling, mild curing, d; salting and smoking of edible denlzns of the oceans and lakes and rivers. Of- ficial figures of the Department of Com- merce show that while consumption of beef and other meats has declined slightly, there has been a declded gain ip the demand for fish. This applies to crabs, shrimp, lobster, oysters and other sea food, on both coasts and the Gulf Mexico, (Copyright, 1930.) NEW SECURITIES NEW YORK, April 24 (#).—New se- curity oflennn today include: Van swefln.en Corporation, $30,000,- ono five-year 6 per cent gold notes, to dlbed May 1, 1930, and to mature Mly 1935; m’k:ed at 107 and accrued intere: Offered by a syndicate com- posed of the Guaranty Co. of New York, Lee, Higginson & Co., the Union Cleve- land Corporation and others. Republic of Chile, $25,000,000 external loan sinking fund 6 per cent gold bonds. to be dated May 1, 1930, and to mature May 1, 1963; pfll:ed at Dl% and inter- est, to ylgy 6.63 per cent mhm:;u;ni’y. Officered by a banking group heade: the National City Co. . i INVESTMENT TRUSTS NEW YORK, April 24 (#)—Over- the-counter market: 2 & Cont An ins stu&m Assoc Stand O mu’.?mm Trust ‘Asos. Nohawk: Tovest: com Tru Tristee Btand OIf Share STOCK AND BOND AVERAGES the Associated Press. Pmn Yesterday's 5:30 Edition. MWGARRAH’S ABILITY" AS BANKER PRAISED Head of Basle Imstitution Won Post by Work in World Finance. Special Dispatch to The Star. NEW YORK, April 24—The New j York financial community views the election of Gates W. McGarrah to the presidency of the Bank of International Settlements as somewhat of a triumph . for the new type of international di- plomacy, exemplified by Owen D. Young. The 67-year-old New York banker has for years been known as the Talleyrand of finance. The news of his appointment from Basle, Switzerland, where the world bank will open May 2, and today's news of the valuation of the capital shares, place Mr. McGarrah in a world emi- nence for which his career has been grooved, both by events and by his own personality and attainments. For five and a half years, as the American member of the Reichbank di- rectorate, Mr. McGarrah has steered the German “annuity” adjustments past + | dangerous shoals, and his unanimous selection as head of the world bank is regarded here as a deserved and inevi- table culmination of his work. Coming to New York City as a young man from Monroe County, in Western New Work, when the Senecas still lin- gered along the borders of the Ironde- quoit River, Mr. McGarrah became first cashier and then president of the Leather Manufacturers’ National Bank. His binding life interest was and is scientific banking. This concentration of distinguished abilitles in this fleld eventually made him chairman of the Federal Reserve Bank of New York. It was during this incumbency that Mr. McGarrah disclosed a minute and exact knowledge of world finance. Mr. McGarrah is credited with having substituted the tactful word “annuity” for “reparations” in characterizing the German payments. He ironed out rancors and jealousies between France and Great Britain while the world bank, the nub of the Young plan, was taking shape. Mr. McGarrah’s American associae on the world bank directorate is Leon Fraser, a New York lawyer, born in Boston. - The two American representa- tives are the only members of the board g.h:u'fll retain permanent residence in —_— NORTH BEACH BUS LINE HEARING IS CONCLUDED Special Dispatch to The Star. BALTIMORE, April 24.—Hearing on the lppllcatlon of the Washington, Marlboro & Annapolis Bus Co. for per- mission to operate a bus line from the District line to North Beach was com- cluded yesterday before the Public Serv- ice Commission and the case was held under advisement. eorge F. Detrick, president, and John M. Rector, secretary-treasurer, of the Chesapeake Railway Co., testified in opposition to the granting of the fran- chise, holding that the bus line mow operated. by the company from Chesa- peake Beach to North Beach provided ample facilities, and produ figures showing that the bus line was operated at a deficit of $3,000 last year. In answer to & number of complaints of residents of North Beach relative to the charges from Chesapeake Beach to North Beach, Mr. Detrick submitted a North Beach, which would include bus services from the end of the railway line at Chesapeake Beach to North Beach. ‘Through tickets one way would be sold at 60 cents, while on Sunday and holi- days rmmd»mp tickets would be sold at 81. A special ticket good only for Prldly would be sold at 35 cents ome '.l'he thingfnn Marlboro & An- napolis Co. proposes to operate a bus line from Chesapeake Beach to North Beach at a straight 10-cent fare each way. — Wm. Gordon Buchanan of Councilor & Buchanan Certified Public Accountants Tower Building National 6“061114213 (Telephone Directory Omission) Moncy TO Loan Property in the District of Columbia First Trust Only Immediate Attention Wm. H. 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