Evening Star Newspaper, April 25, 1930, Page 13

FINANCIAL. ; THE EVENING STAR, WASHINGTON, D. C, FRIDAY, APRIL 25, 1930. FINANCIAL. W.R &EREPORTS || NEW YORK STOCK EXCHANGE || ADVANCE IN STOCK |-ensmirioesiiem [ evrememise seuat | [Fiese Joseph I Weller 85 mss 8 Trast Recelved by Private Wire Direct to The Star Office. DECREASE IN NET MARKET RESUMES g memgmepmee || | Mortgage Note—For_compliation of today's Individual sales ses . 1030, Stockand Sales— . l’tg g later edition. Yertardays. ndivideal sales ave siven in this th low.” Dividend Rate. 388, closs. Best Eeaty C iz <ot bt o les of Each Stock Complled to 12:30 P.M. s - i 0. Money March Figures Reveal Drop| s tow . piviasndRets Adado: Grose. | 1113 Brisk Buying Movement at ) | | Money loaned to members on g Op | e % abitini Pwr & Paei i ) . 9 g e T TIINT STOOK .easy monthly payments for 66 5 ~ H . im E 1 of More Than $10,000 S 23 0). 3 ST - Midday Follows Early glock. on Curb Exchange; yislds over 8%. BUILDING 32 2! Adams Millis (2).. - - President tary . Ci Cork 3 St Courtland Nizen, 1518 K 8t. N.W. Nat. 1926 LOANS From 1929 Month. 1115 Advance Rumley. " Crugibiaatest taey.. . Period of Hesitation. 22 Advance Rumley pf. et b or 118 Alr Reduction (2)... 1 o r;::c’:s"" PL(T) 50; s w d Bucha 3 21 Alr Way TIAP(2%). . Y - WBLRTEIEALINN g b k 'm. Gordo: chanan BY EDWARD C. STONE. Ajax Rubber. p PR i | 123% St B A e b IMPROVED Total net tncome of the Washington | 5% 5% Allesneny Corp p ¢ 13% Curt Wright Corp A NEW YORK, April 25—The stock || Councilor & Buchanan PROPERTY lway & Electric Co. for March | 1r i e A : Cutler-Hammer (3 3% ) market presented a rather spotty ap- e seer i amounted to $46,643.88, compared with | ‘g 981s Alleg C pf $40w (5% ) . 98 Davison Chemical. .. pearance during the greatér part of ‘Tower Building $56,961.34 in the same period last 2 Alleghany St1(12.80) Debenham’s (a2.32). day’s session, but major speculative ac- (} National 6110-6111-6213 Reasonable Rates year, a decrease of 3 Allied Ch & Dye(n§). E Deere & Co pf (7)... 108 tivity seemed to be on the upside. Some (Telephone Dirsctory Omission) Prompt Action $10.317.46. Allia-Chalmers (3 Delaware & Hud (3). 3 1 selling came into the market at the Operating reve- s Albhn Porc Gomt th 34 3 36 Del Lack & Wn (17). opening as & result of the large increase B. F. SAUL CO nues for the period, s Amerada Corp (2). % 26% i Denver & R G W pf s in brokers’ loans and the restriction in HIGH RATE OF INCOMI o . 0 according to the 19 Am Agricul Ch pf | sl % | the volume ;{n':‘f”;;‘ Lotk “:::: R e TINEC I LT 925 15th St. Natl 2100 + evo 2.4 3 o monthly repor Am Bosch Magneto. . (A) (2.40 n outstanding, erings gel ly ANNUITIES 3436 14th N.W. Adams 8100 Pub- AmB 0e(2.40° Diamond Match (8). well absorbed. fi'c’du'fix'&&h eCflm s 1 Am 8;:‘:\"“5;0: (Elec.) 19 2 . Dominion Strs (1.20) 4 . Corporation Earnings. Cash Refund—Joint—Deferred Road Service—Chi Accounts Invited mission today. 5 Am Brown B E pf(7) 1008 Drug Corporatn (4). 3 b ot Send for Information totaled $473,026.39, | 1 L 7% Am Can (7).. 70 1 Duluth Superior pf. 4 Heaviness was mos spparent 1 - LEROY GOFF against $521,264.10 o ; Am Can pf (1) ) 4 Dunhill Intl (34).. motor, TRotoF soosstory, SeS B INSURANCE—ALL BRANCHES in March, | 1929, ¢ ! 4 % Am Car & Fdy (6) Duplan Silk pf (8).. 1 road groups, current earnings of whici i ~ P t : Du Pontde N (14.70) 32 i have been making unfavorable compar- piog s Amgh e B G e i S, B Equitable Co-operative Bldg. Assn. penses and taxes :m g:l:fl C?(l,l)’. . Ba: 11 M1l A ™ Chicle (1234). g blic utilities, olls and a few | 1851 - 1930 Eaton Axle & S (3).. 2 Plghpriced speclalties. Hfi\“_ \.\f; INSU/W', Organized 1879 Sl TEAS COMPEETED 688.23, in compari- Am Chtele (1234 Ea t - m Com Alco (nl. o, son with $421,512.59 ATy Corporation earnings for the first JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary quarter made up a large part of the last year. Am European Secur. ‘ a : ElPwr&Lt(1)..... 7. |day's business news. American Bank Pittsfield. Mass. ~ “0 | asets...... +0.0.$5,723,083.61 Surplus & Profits. .....$1,755,911.57 Am & F P oo . — Am & For Pwr pf(7). days business news. = American Ben) ¢ | Note, Kelvinator, erminal, Chi 3 an : A Eleo Broraso aas 165 tago’ Great Western and Maine Central | A Standard Low Premium Policy Subscription for the 98th Issue of Stock Being Received penses left an Malcolm Gibbs. TS e AL Eng Pub Serv (31).. showed increased earnings per share operating income 4 A TR 2 of $84,238.16, compared with $99,751.51 ; R T agm ) ed increased earnings per shav for Eng Pub Sve pf (5).. 4 over e first quarter of last year, e 2 2 . R S nlohem Stecl, Michigan Steel, Inde- Business and Professional Men Let Each Pfl Da Equitable Bldg (23) ndent Oll & Gas, Congress Cigar, Details on Request y y 2 SEeBeemmmaanSnanpnSaSunenoen a year ago. Gross revenues, less operating expenses and taxes, totaled | g :: f{l‘:’;'“ft’f?","”’ $105,835.02, against $122,052.65 in the ‘Am Locomotive (8) same period in 1929. Am Locomot pf (7) For the first three months of 1930 | 279 e r g A S operating revenues totaled $1,399,414.83, Y A Metalic) in comparison with $1,458,169.89 in A NECQRS Tt March, 1929. Operating expenses and | 27 SRSy taxes totaled $1,147,387.92, against Am Pwr & £t ($1) . $1,206,050.25 last year. Am Pwr & Lt pf (6). Total operating income for the first| & Am P&Lt pf A 8t(5) . quarter was $250,026.91, compared with Am Ra&Std San 1%. $252,110.64 a year‘ago, while the cor-| ¢ Am Republics. .. ... poration’s non-operating income totaled 7 4 Am Rolling Mill (2). $428,560.14, in comparison with $396,- Am Safety Razor(6). 956.80 in the corresponding month last Am Ship & Com. . year. After all deductions the net in- 9 Am Sm & Ref (4). come for the three months reached Y Am Solv & Chem. ... $503,672.31, against $452,536.21 in 1920 y Am Sol&Ch cv pf(3). ‘The large falling off in net income - Am Steel Fdy (3)... in March may be ascribed to two chief Am Steel Fdy pf (7). reasons, Easter came earlier a year oot LD ago and inauguration brought hosts of | | e i“"l’ R);' !l‘) 5 visitors to the Capital. The 35-cent d G ol L ) taxi service may also be reflected in $ i ShS AN Sgures. Am Tobacco (8) Pepoo Increase Is Lower. The Potomac Electric Power Co. filed fts March repart, with the Public Utili- : ties Commision today, showing a net tts. income of $376436.23 compared with 1 A R Pt ) $370,098.47 a year ago, an increase of i Sl only $5.437.76. g % Anaconaa Cop (1) Operating revenues amounted to ol sl ik $858,205.85 against $856,436.81 in March gy e 1920, a gain of $1796.04. Revenues ArcRar-DaniaE (3. deductions took $432,222.90 compared Armour.of Del p2(7) with $421026.15 a year ago, an increase AFmous ot I (ADeer. of over $10,000. Net operating reve- & Armounof TIIBys 2 nues after all deductions were $425, ekl 982,95 against $434,510.66 last year, a Art Metal Constr(2) decline of $8,527.71. Ass0 Appl Ind (4)... Comparative figures show that the | &0 Asso DFY G (2355 gain in net earnings in March was the ACR Tok 8 Fenl0), smallest which the company has re- % Atch To & SF pf (5). ported for mary years. The chief ex-| At] Conat Line (110), planation is that many fewer meters b 1 e were read in March this year than in| j0i™ Z9v A1 eI (190 March a year ago. It is'also notable Atlas Stores (1). . that there was much more sunshine in Auburn Auto (J4) March this year than last, dull and Austin Nichol cludy weather always calling for Austrian Cred (4.49) much larger use of electricity. Autosalel ¥ The corporation’s figures for the first # three months of the year show a net el b ] income of $1,260,120.75, compared with $1,116,262.11 in the first quarter of 1929, : R g & gain of $152,867.64. Operating reve- B ouml). o nues* amounted to_$2,750,727.06, com- SR 08 Do L ared with $2,671,256.51 last year, an SIS SR DE (83 ) Picrease of $116,470.55. i oy g bR Net operating revenues totaled $1,428,- e oot S 257.47, against $1.811.172.05 a year e T ity an increase of $117.085.42. After the " oA usual other deductions the power com- - peparrp e g pany had a gross corporate income of D ecram a) $1.470,246.67, compared with $1,343,- e g o 594.77 tn 1039, or a gain of $135,651.90. b d Peoples Drug on “Big Board.” Best&Co (2)....... President M. G. Gibbs, president of s D Peoples Drug Stores, Inc., announces e that both the preferred and common b s stock issues have been admitted to trad- Bobh Al & Biassay: ing on the New York Stock Exchange. Borden Co (k3) Ca The listing includes 25,000 shares of 6% Buirg Warasr (3) T oent cumulative convertible pre- 3" Botany Con M (A) .:lrud lt?cuk‘ $100 par “u];é; ",‘.‘{. A:tl.-'m Briggs Mfg Co. ..... Gulf Mo & N pf (6). shares of the common stock without par Briggs & strat ). Gult States Steel (4) = 4 British Empire St sin was issued. 4ot nele L8 Brooklyn & Queen: " ’ Hall (Wi Pig (mi) local exc mxlglemwu m:hel: o | Bklyn Union Gas (! Hanna pf ( ‘)‘7“1 The common has been an the New Zari Brown Shoe (3) ...« Harbison Walk(a50) - 20 17,000, Shares fie cpvme, e 2 . Yok T piriman 8 G General Water rks an tric Corporati common changed, the stock listing at URyYN Hayes Body. . v 4 t d E tl €. “The prete e g Bucyrusev pf (2%). , Hercules Mot (1.80). o s ec lc o ora on i 2 P - | 784 Hercules Powder (3) ; $6.50 Series Cumulative Preferred Stock Bulli X see € H e directors of the Norfolk swan| & s s (] : 2 (With Class A Common Stock Purchase Warrants) e Burns Bros (A) (8). ¥ i " resolution offering 1,000 shares of addi- ¢ 5 Houdalle Her B(3).. The $6.50 Series Preferred Stock is entitled to cumulative dividends at the f $6. tional stock to thg shareholders. Stock- 8 . H'hold Fin pf (13%). 1 April 1, July 1, and October 1 and is nd«mil:Tn' Whole or. inz:tr.l o ey"t;i‘vi:len‘d‘ ’:-r? ::'if.a?f; 'd'.'m;.;?:c' ::ds?'rud fih;fi' :h“u‘e“:n{i‘ ??u! holdars bF record ‘af tloke’ of buiitdes ... 4 Houston OI1 (b10%) unpaid dividends. It is entitled on voluntary liquidation to $106.50 per share; on_involuntary liquida $100.00 “altare, plus in sitber case May 28, 1930, are entitled to subs Bush Termnl (2%). 2 3 Bl L accrued unpaid dividends. Transfer Agents: The Bank of America National Association, New York. jon 1 it REAE R U Srel s ieaito sulmcr e 0., 100% Bush Term deb (1) X e Registrara: Central Hanover Bank and Trus Compmy, New York, Continental Illinols’ Bank and Trust Company, Chicage. i nine shares then held as shown by the B Ao o oo g Hudson Motor (5). .. CLASS A COMMON STOCK PURCHASE WARRANTS: Each share 0 BooKEGE the Eamany. Werteate /ot D . Hupp Motor Car (2). N Ul E W. 0 h sl of $6.50 Series Cumulative Preferred Stock has be. atled to .wdl{’m’flm el el ; Sk 2 el attached to the certificate therefor a non-detachable Warrant ent the holder thereof to purchase 4 shares of Class ) . 3 A Common Stock (without par value) of General Water Works and Electric Corporation en or before October:1, 1931 1930, and subscriptions must be received Independ Oi1 & G(2) betate: the cloae of i At 1 y It Ina » at $30.00 per share; thereafter and on or before October 1, 1933 at $32.50 share; thereafter and e se s em igust 18 Calumet & AT1S (6). Ingian Refining ... October 1, 1935, at $35.00 per. share, after which date seid’ Warrant wili be moid. 2™ e is being prepared and will be forwarded by s g A Indian Reft > 1w, 4 3 3 an Refining Y - 3 - = & to stockholders in & few days. 0 e Ary :'r;:l‘t.l)). 4 Ingersoll Rand (4) . . Mr. C. A. Brooks, Vice-President of the Corporation, summarizes his letter to us, as fellows: wu::::uy’: ::::n;:c::mniudm 8% Canadian Faclfo(10) ( : .. , General Water Works and Electric Corporation, incorporated under the laws of Delaware, through sub- A a o el T ;‘::m - y', : Capital Adm (A)..., 2 - i::.rborolmv Tran. f diary companies, renders electric light, power, water, gas and/or other services in 248 communities located Capital Traction registered 7115, Wash- Capital Adm & PL(3) % y ek I:“:;b?;;" 6 in 17 sta including Alabama, New York, Missouri, California, Texas, Louisiana, Oklahoma, Kentucky, ington Railway & Electric preferred, 99 | %72} bk i - 14 4% Intl Agricultural. . ‘ New Mexico, Pennsylvania, Idaho and Indiana. The combined population of the territories served by such and o8s:: Columbta Sand & SraTeie o Celoteri(3)e . . Int] Bus Mach (n6) 3 companies is estimated to be 732,900, and the total number of consumers served with the various classes terred, 45. 84m Celotex pt (1) e P , of service is approximately 123,500. Among the grincipll subsidiaries are Texas-Louisiana Power Company, 30%; 23% Cent Aguirre As 1% N . - Norfolk & Washington Steamboat Century Rib Mills Mot Intl Combustion. " Consolidated Water Company of Utica, N. Y., San Jose Water Works and Alabama Utilities Company. stock sold at 270, Mergenthaler at 107 | 21 1 65% Cerro de Pasco (6, 3 ntl Comb Eng pf.... 4 R P 4 3 2 and Security Storage at r%éi&enggu:?»? 6T 36 Checker Cab (4.90). « Intl Harvester (334} L:qrrunp. Consolidated Earnings of the Corporation and its subsidiaries (irrespective of dates of acqui- Sty sweterred moved ot 7 Bondewers| B Ches & Ohlo Corp (3) 3 4 Intl Hydro El A (e3) sition) as reported by the Corporation for the twelve months ended January 31, 1930: Pogiented, the only important sate being Pt 1 55 Tntl Mor Marine (D). 1 : ; $1,000 Washington Railway & Electric | 3. S e y Tnl Nie) of Cantiy. 158 @ ErleRR...... ) nion Carbide, St. Louls, San Francisco F. T. Koons, General Agent B D ' Erle R R st bf and Pere Marqueite made unfsvorable | Union Trust Bldg. Frank. 6177 e a Day to Save . Eureka Carp Cl (4) . comparisons. Evans Auto Ldg 2%. » Forel buying of copper continues in e o = Skl fair v;fi:‘ne. but the domestic demand 50 ~—The men and women who ac- ° = 3 Fairbs eeeses . h Fairbanks Go of. is quiet. Unconfirmed reports that cop- M oney T o L oan ;:(omph;h tl:mgs aresthose who ia now how to save. Start saving Fairbanks Morse (3) 6 4 18% | hor was being offered for 131 cents a right now. Fi pound, or one-half a cent below the F‘:;'Lll’iér.r?(l;g ;: )) 4 g’uobed rate, has ':n?et'l'h to kee] gomu- o o Fed Li ‘ ‘ c_consumers out of the market. roperty in the District Fod dotsr TE by ‘While trading in stocks remains fairly pErcy DL G SHARE Fed Wat §, A (e2.40) K heavy, much of it is believed to be of Columbia TR Biaanl Federated Dept Strs. 5 a professional character. Operations quitavle 4 Fid Ph .60) . ) for the advance are being conducted in . rmn:n:‘l'rr;gf 1?0); 2 number of special stocks, earnings of F,_ rst Trust Only Firestone T&R pf(6) ' . | which apparently had not been affected 915 F St. N'W. First Nat Strs (3%). by the stock market crash and the sub- Immediate Attention Fisk Rubber. sequent business depression. s aropnta o3z 0 o || W, H. Saunders Co., Inc. 2 Ingersoll Rand broke nearly 7 points. 5 : uf W. ist, 4) Auburn_ Auto and United Aircraft sold ||f 1433 K St. N.W. Dist. 1015 Freeport, Tex (15). 6 nearly § points lower and Cutler Ham- . . Gardner Motor. electric Auto Lite, Youngstown | e Gen Am I £ (6)... : wood Elliott Fisher, Advance Rumely G:: A: T'::\;(%a‘r()u) % preferred and Canada Dry yielded 2 to s 0 omeSehl @ 3 s @ o BuotnsanpmscSenaciomaanataSoon~ 3 » Gen Asphalt (4). 3 points. Congress Cigar, National Cash Gen Bronze (2) Register and Republic Steel (new) Gen Cable 4 4 touched new low levels for the year. Gen Cable pi Gains Recorded. et 3 62 Venadium Steel soared 0 points and 1 Worthington Pump ran up a new = G s | Bieh st 362, “Bastman Kodak was Metropolitan Life Insurance Gn Food Gorp (33, ; matked up more than & e EL Coin et O o 17 | SD 8k 2% 'k Brets anvanced 8 to Can be earned on pany Gen G&TEIcv o6y 3 B e e OQOur “Guarsanteed REAL r » ‘obacco B, - . 3 e s Y sey and Brooklyn Union Gas each ad- First Mortgages” ESTATE LOANS Gen Motors (13.30) * | vanced 5 points or more. Comolldl:ed Av BLE E G nOus A iy e et ston i, Standara O || Wise men and women choose AILA Gen Publicsvs (bé3. . of California_and N%vlé Yok, Gimbel 2 n'i}e‘ and sound investment ! Gen Ry Si Bros. preferred, Columbia Grap! one, or their savings or surplus. Gen Reatty & Och JhE Vick Ghemical and Pathe A all attained || Guaranteed First Mortgages e Low Interest Rates Gen Refrac (14%4). 2! 5 new 1930 peak prices. are secured on income produc- Qen TRt TG UID S ing Washington real estate and Consult Gillette Saf Raz(n§) SEARS-ROEBUCK SALES al[’e furl}g’%cked by our sur- . : ! LOWER THAN IN 1929|| ™ © 2% EAVE By the Associated Press. Denominations as low W ml:R—.B—lgo SL I CHICAGO, April 25.—Sales of Sears, as OR Goodrich (B F) (4) ; Roebck & O L oar st soos || Monthly Peyments If Desired 209 25tk Se. NI D 5 495,295, compared with $31,950,973 for el Sl oodyear Tire (5)... 7 the same period, March 27 to April 23, ) e in 1929, & decrease of 45 per cent. A REALESTATE e %) 4 « | seasonai advance was indicated, how- \ Mortgage Loan Correspondens ever, in an increase of $5,320,854 over M - Granby C the sales for the third period of 1930. letropolitan Life Insurance Company ot A AL Total sales of the mail order and re- tail chain stores from January l u : ‘ 4| April 23 were $110,114879, against RPORATION D1 $111,485,251 in the corresponding span GGnnt (W T) (1 a of 1929, a decrease of 1.2 per cent. The Capital Resources $3.800,000 2 o number of chain stores in operation was 24 JACKSON PLACE Grt North pt (5). Grt North pf ct (5) not made public. GtNctfsOP (a3%). e . Grt West Sug (2.80) Great Britain spends the most money Grigsby Grunow. ... per capita of any country for airplane Gulf Mobile & North service. - Y - & o 2 B8 oo B eRE D, 2R pnE St L P EE Sanya Gross earnings (including non-operating income) . . 4 S $7,544,016 4s at 873 o (CB1 GreRTW e tern: . 3 Intl Pap & P (A)2.40. Operating expenses, maintenance, local tax d inclu L The Washington Stock Exchange 3 A ’ . Intl Pap & Pwr (B).. charg: L board of governors today voted to list | g bt g e Intl bap & Bwr (C) 4 i tax Lt the Norfolk & Washington Steamboat | en s7re Ghi Ml Stb & bag pf. 29 i Intl 1 CRA A G AT LESLI Co, rights in connection with the ad- LR B - " Intl Printing Ink (3) 280,000 ditional issue of 1,000 ehares to be 2234 Chi Prieu ToOl. .. .- 3 ens s Intl Salt (8). . ' et ey st anaias - - g uni 51% Chi Pneu T pf (3%). H ntl Silver pf « 20, A al inte secesee. S be 35 rights, and-they wil e on " ST i san i R o 3 ) it .:l-.-.x:q-mm-u on $10,650,000 6% Convertible Gold Debentures, Series A and B boar - 3 low C: .. 2 2 2 oo % s L 7 rysler Corp (3). 36% 3 3 ity (2) . J ve ce of $1,497 is about 414 times annual dividend uire: ts Cumulati: tary Gockeler annouhced. 5 Gty Toedk (R3.60).. ' % Inland Creek Coal(4) ‘ : b ) R e Financlal District Notes. City let & K pt (6%) 1008 “ Equity: Th‘e. physical properties of the operating companies as recently appraised by competent engi- N iRt dansd iaald st STaATARE of v gm E:f;;,'p‘.:fi:‘ s 3 ¥ : S e neers, plus ldquns to date, have a deprec:gtod replacement value in excess ‘;f 363.050,{)00. uch vllu‘ll- renzeg lnn: g@ar;‘e. merr:bers of the New Cluett-Penbody 18) - : T ERTIMOtar CRY. ,' tion, after deducting the securities of subsidiary companies and the funded debt of the Corporation out- L Stock Exchange, s cxpectadiback |87 1380 C g » i i K C P&AL 1st pf B(6). v 1124 standing with the public, indicates property value of over $300 per share of Preferred Stock presently New 1{;“1‘-8 Coliins & Alkman 29 P 2 s L LU ;3% outstanding. W. W. Spaid of W. B. Hibbs & Co., % Col Fuel & iron (4 ¥ ; : i i i e s s ,, 38t Col Fuel & tron (i), 1 i Kelly-spring Tire. N Management: The properties of General Water Works and' Electric Corporation system are under o xehnnzme Celation of New York Block 3 < gmn 1 :::,:c&n. s 1 2 i fi’”y's,';""' .,; . 3 . ;.l‘:: dmlnll(ementt oc;f expertlienced utility engineers, many of whom have long been identified with the success- ‘"%i:‘ np",nn',y;v.m. A - C°i Gan & Bl pt A‘; i f ; = "::“ o.ry(.:: ;p ) 5 'Y. opmen' ; operating units now in lthc system. 3 Columb Graph (87¢) 325 Kennecott Cop (5). . 4T% American Equities Company includes among its important holdings in public utility stocks, all of the out- clared regular quarterly dividend of $1, Columbian Carb (16) - : yable May 31 to stock of record e GO CreR it L £ 5 fi:rfl‘:‘;l{éc,{:r{:)" o standing 500,000 shares of Class B Common Stock of General Water Works and Electric Corporation, 8y 1. 31% Comm Credit A T i i i iti P R 2614 Comm 4nv Trig1.60) i fi:‘?iigfi. 5?-'2 v epresenting a substantial investment on the part of American Equities Company. 88t 7 Ol ety Formed. Com tnv T v pt(e6) 84 8 Kraft Ph Oh pf(8 1), " 108 The foregoing s subject to the more complete information contained in the offering circular, ond the offering of thi i j 8 y pany Comm Solvents (11) 37 3% 341 Kresge(88)Co(1.60) - 32% offering of this Stock is made subject to allotment. NEW YORK, April 25 (P).—The| 20% 12% Comwith & Sou:60c) Kress (SH - . i Phillips Petroleum Co. and the Okla- | 103 Cmwlith & Sou pf (6) 2 103 2 2 ¥ hm:p.Nnml Gas Corporation have Conde Nast Pub (2). E,"" Gr&Bak(n1). 1 Prlce $98'50 per share, to yleld 6'60% formed a subsidiary company, to be y Congoleum-Nairn. .. . : 3 known as the Philokla Gas Co., and in " Congress Cgr (16%) . flgb‘i’:{g:“r;;" et 2 Permonent Certificates will be ready for delivery on or abowt May 7, 1930, Col aes which the Phillips and Oklahoma Na- Cigar (7). 4 Lehigh Vi loal " tural Gas interests will be equal. The Consol Cgr pr pf Lenigh Valley(143%) This offering is the initial public effering of this Stack, although new company will engage in the com- Consol Film (2) 1 Lehman Corporation it does not represent mew financing of the Corporation. g:-ln. of natural gas from the Okla- Consol Film pf (2). ma City field after the gas has passed 4 Consol Gas N Y (4).. 832 fi:fl'.?g::‘.".{'.’;,. 4 : through the plants for the extraction of Consol Gas NY pf(§ Lise & Myers B(1) A 5 Con RR Cub pf (6). 60 . 2 .. : Con'RR Cub pf (8).. ISt et 1. 18 T , E. H. Rollins & Sons Central-Illinois Company Contal A) 11.20). A “eeae CHICAGO DATRY MARKET. e (ol ‘ s i Loewa' Ine of (8%). Utili i : ety ICAGO. April 25 (®).—Butter,| 52 27% Contl Bakink 1A). 9 : I i o ng:ly; 10,860 tubs; prices unchanged. Contl Baking (B)... * ¢ 2 Lorillard (P) Co. .. 32 26 254 t ty Securltles Corporatlon Stroud’ Kurtz & CO., C. 5 , 34; or 8ts, . jan: s i . : e aagecpacked frate, 36%: storage- 3 Contl Dis Pibrg (3).. ‘ oo e A ot Sy e The information and_watisics herein cont packed extras, 27%. Contl Insur (3.40) 2 (Continued on Page lt.);— e e or sources which we believe reliable.