Evening Star Newspaper, April 26, 1930, Page 11

FINANCIAL. NEW YORK STOCK EXCHANGE mnmnt_cwmmtu"n-smonu; BANKERS' COUNCIL WLLNEET MAY 53 - Old Point: Comfort ‘Gathering to Consider Problems of Finantcial World. “/BY EDWARD C. STONE. ‘The executive council meeting of the American Bankers' Association will be ‘held at the Chamberlin-Vi mderhm Hotel, Old Point Comfort, Va., May 5 to 8 for the con- -mnum; ‘ol' mtnrl;y v ing prob- h-a.“ lot:he mq:l Fyention f the A. B. A, it b the mu: impor- tapt ° me-tiny bankers of will represent the District Bankers' Associaticn_at the meeting. He was elected to this post at_the last annual flll{tenllan of the local lsmch“on held ontauk Point, Long Is] Reports will be presenled by the agricultural- commission, banking prac- tices commission, bankruptcy commis- sion, commerce and marine commis- sion, economic policy, Federal legisla- tion, fiftieth anniversary, national bank division, public relations, education, savings bank division, State bank di~ vision ‘and trust company division. John D. Lonsdale will report to the council as president of the association and’ for the administrative committee. Repdtts will also be recelved frorth Exec- utive Manager Fred N: Shepherd, Treas- urer “Grant - McPherrin and * General Counsel Thomas B. Paton. The Spring meetinj prommga to be one of the most interesting held in years, Bank Women Efect Officers. .Mirs Mabel V. Royce of the Wash- ington Loan & Trust Co. was elected p}uldent of the Bank Women's Club ‘Washington at its annual meeting t night. Miss Royce, who sue- cbeds Miss Mary J. Winifree of the Commercial National Bank, has been vice president of the club for the past administrative year. Other officers elected were the fol- lowing: Vice president, Miss Judith M. hhurn, formerly of the Commercial tional Bank; recording secretary, Miss Eleanor Dankmyer, Security Sav- ings & Commercial Bank; correspond- ing secretary, Miss Mary Oraven, Dis- trict National Bank; treasurer, Miss fi:m’ Watkins, First National B.nl! ik John D. Lonsdale. Alexandria, Va.; historia L. Royce, Washington n & Trust Co.; members of the board of emun. Miss Mary J. Winifree, Miss gw M. Mitehell, formerly of the Merll-Amerlun National Bank; Miss Harriet Barrett, Riggs National Bank; Miss Virginia Marks, Glover & Flather, and Mrs. Laila M. Sloat, National Metropolitan Bank. Another Warner Stanley Offer. Watner Bros. Pictures has offered to exchange one share of Warner common stock for each remaining outstanding share of Stanley Co. and final offer; that will be made by Warner to the 27903 outstanding mi- . 39% 30% Am Ra&StdRan1%. te. 1 | Per Paper, Abitibl P& P pf (8). Adams Bxp41.60).,. Adams Millis 1 33% 30% 18% nce Rymiey pf. 32 Ahumada Lead. o Alr Way T1 Aml%). Afr Reduetion m . Afax Rubber Alabama& V! Alaska“Jun Allegheny Corp..... Alleg C pf 830w (5%) o Alleg C pf $40w(514) 2 Alleghany 8t1:12.80) 2 1 Allled Ch & Dye(n8). 3 832 831 Allis-Chalmers (3)., 24 64% 64w Alpha Port Cemt (3) 1 33% 23% Amérafia Corn 12)... 27 27% 2% Am Agricul Chem... 2 8 R Am Agrien] Chof ... a1 a1 62% u 3014 30% 139% 141 llflu 80 30% 17 l" ¢ 9 Qw. 32- m T 108 10306 108% 102 o815 981 1% 63 331 329 64% 2 Am Bank Note pf (3) 208 Am Bosch Magneto. . 2 Am Brake Shoe(2.40) 6 471 Am BrSh & F pt (7). 108 130 1295 120% 15 A% Am Brown Rov Rise. 41 21% 21 21 2L% 60% Am Brown B Ep2(7) 20s 6% 76% T6% 78k 156% 117% Am Can (7). 82 151% 1488 1494 1514 8214 564 Am Car & Fd 4 56 56 66 116 105 AmCar& Pdy pf(7). . 3 106% 105% 105% mm 69% 63 Am.Chatn Co (3) J11 65% 64% 65% 654 51% 36% Am.Chiele (123 3 19'4 Am Com Alenin 59% Am European See 101% % Am & Forn Power. 1000 107 Am & Por Pwe pre 33% 19% Am.Hawatinn S8 (2)° 414 Am Hide & Lenther. . 2% Am Hide & Lea pf. % Am Toa Co 194). 25%° Am Internat] (2) » . Am La Ff & Foam! 35 80 Am LaFr & Foam pf. 108 105 70% Am Locomotive (8). 4 118% 104 'Am Locomot nf (7). 279% 210 Am Mach & Fay (). 1270 270 270 270 Bl 41% Am Metal(3).,..... 6. 42 41% 42 42 95 65 AmNatGaspf(T).. 70s '91% 91% 1% 91% 2% % Am Plano 12 1% 1% 1K 1% 119% 77 AmPwr&Lt(11)... 24 114% 112% 114 85 75 AmP&LpfA(3%). 3% - 837 887 845 100 Am Pwr & Lt pf (6). 108% 108% 104 | 88% 80 Am P&Lt nf A st(5). 87, '87° 87 1% 70% :0"\ 1 104% 104% 104% 104 89 364 3% B5% 35Y 126% Am Rad & SSpf (7). ll\a 140% 140% 140% 140 P F01g: Am Tiottime MiTi (Y. - 66 PRl 59 Am Safety Razor(5). “28' 67% 66t 681 66% 69% Am Sm & Ref (4):... 18 T3W 724 724 15 Am Solv & Chem. 21 17% 16% 16% 25% Am Sol&Chevpt(3), 1 28 28 B2 44% AmSteel Fdy (3).... 1 48 46 46 B9% 60% Am Sugar Ref (5)... 3. 6% e 26% 141 Am Sumatra Tob 18 16 15 274% 216 Am 'rel&'nlu ). 140-283 wm 2sm 2881 244% 197 Am Tobacco (8)..... 3 2391 288 238 237 24815 197 Am Tobacco B (8)... 26 242 2394 240% 2403 141% 125 Am Type Fdry (8). 1136 136 136 136 124% 881 Am Water Wka (ni}. 25 122% 119% 108% 120% 106% 991 Am Wat W 1stpf(6) 1105 105 105 106% 44% 19% Am Woolenpf...... 3 37 36% 37 36% &% 5 Am Writ Paper ctf: LG R R T 17% 8% AmZinc Ld & 8m 6 12% 124 124 12 811 62% Anaconda Cop (1)... 62 64% 64% 6415 64 53% 40 Anaconda W&C (3) 1 40 40 40 40 51% 35 Anchor Cap (2.40)... 11 49% 49% 494 49 87% 28% Andes Copper (3). 2 .28% 28% 28% 291 29% 2214 Archer-Dan-M (2) 24 8% 5% Armourof Tl (A). % 4% 2% Armour of Il (R). 31 64 57% Armour of Il pf (7). 58% 13% 6% Arnold Constable. . 1% 464 86% Asso Appl Ind (4)5,. 40 50% 28 AssoDryG (2%4)... A 50% 821 AssoOil (2)........ 108 48 48% 2421 219% Atch To& S Fe (10). 3 230% 3808 2800 230% 106% 102% Atch To & SF pf (5). 1 106% 106% 106% 106% 175% 166 Atl Coast Line (#10). 1171 171 171 170 168 a5 “esu 2 138’ 37 107% 667 9% 22'% a8y 20% Am Republicn. . 51% %64 At] Refining (12) 106 £1% Atlas Powder (4) 26 81% Atlas Stores (1), 263% 175% Auburn Auto (j4). 6% 3% Austin Nichols 10% 4% Autosales 53% 37 Auto-Strop LI LU YT TN 1 2411 241% 241% 841% VTN T 4. 6% 6% 6% ox 64 56 62 56 b2% shates of Stan! The offer ex- rnh;en on -May 31. The notice states t following the Stanley Co. as a separate entity in order to save unneces- for- taxes, ete, holders . the exchange before May 12 will receive the dividend of $1 & l{nre on Warner stock, p-ynble on June 2 to stockholders of record May 12. North Ameriédis Eacnidgs Tp, "The consolidated ircome statement of the North' AmeficadiCo.“and ‘subsidiary companiés for the 12 months ended March 31 shows $27,891,426.72 for com- mn lwck after all opentln. expenses, terest charges, depreciation and all mur reserves and preferred dividends. earnings are an increase of 16,53 per cent over those for the 12 mmm ended March 31, 1929, and are 1 to $5.08 per share on the average number of shares of North American common _stock outstanding during the 13 months ended March 31, 1930, com- pared with $4.84 per share on the aver- | g number of shares outstanding dur- the preceding 12 months’ feflod. Gross earnings were $148,192,225.11. Operating” expenses, including mainte- mance, taxes, and all reserves except de- iation, were $76,314,608.50, and-net me 877,616.61. Details of Pennsy’s Report. Pennsylvania Railroad reports for March net railway operating income of $7,136,220, a demm of §3; 7u 440 when compared with the cofresponding month of last year; for the first three months 1930 the account shows a total of 9!0! 721, a decrease of $8,114,761 mm the corresponding quarter of 1929. In March, 1930, railway opefating ev- enues totaled $48,622,382, a decrease of $6,770214, while for the three-month they amounted to $142,061,585, & decrease of $14,678,438. Freight rov- cnuu for the month aggregated $34.- 083,349, a decrease of $5,234.683. For the three months they were $98,675,450, & decrease of $11,852,816. Heard in Financial District. “Those engaged in the business de- yelopment campaign of the District National Bank brought in more than us 000 in the first nine banking days the campaign, according m An- muncement yesterday, This is cént of the $1,000,000 quota. Flm. winners of the silver trophy were the from open!-lon was $71,- ans-Martin team of the officers and | " rectors’ division, with the Colton- Barnard team a close second. ‘The directors of McCrory Stores Corporation have declared the regular Quarterly dividend of 50 cents per share on the common and class B com- mon stocks, payable June 2, 1930, to mckhnlderl of record May 20. ~The Great Atlantic & Plclfl: Tea Co. ©of America has declared the regular quarterly dividends of $1.25 on the common and $1.75 on the preferred, g:h payable June 1 to stock of record - E. H Rollins & Co. and Stroud, Xum & Co. are participating in an of 17,000 shares of General ur wm-ks & Electric Corporation 50 series cumulative preferred stock "B th class A stock purchase warrants. stock 1§ priced at $98.50 per share, to_yield 6.60 per cent. All the local brokerage houses in the clty will go on daylight saving time onday, When the New York Stock hange and the other big markets @pen at 9 o'clock and cloge at 2 o'clock. FLORIDA BANKS CLOSED. + TALLAHASSEE, Fla., April 26 (#).— eommlm Ernest Amos has confirmed the closing at St. Petersburg of the Fi- amy Bank & Trust Co. The bank ‘was capitalized at $100,000 The banking department here also received advices that the First Na- tional Bank of Jasper had suspended. 3t was capitalized at $30,000. A State bank closed at .luper last Tuesday. ' tandard Oil of New York, 'NEW . YORK, April 26 (#).—The Standard Ol Co. of New York reports that its 1929 net income amounted to $38,750,849, eq\lll to $2.23 a share on common k, compared with $39.- mm, or u‘zt:l ‘:‘ :)’ul,:ll' mon practically . ,‘.'rh-m s f mmn: nhnwzd December 31, 1929, its surplus W $111,770,784, against $98,823,- g on Decembzr 11 lflfll. Dllfln‘ the fi,w's 385,116 to $708, m.m. fDel 43 9 8% 9 8% 38 - 30% RaldwinLoeo (1%). 31 31% 304 304 31 116 111 Baldwin Locopf (7). 108 113 113 115 1131 122% 115 Balto & Ohlo (7). . 3 116% 1154 1164 116% 84% 63 n;&Aroo-uu). 1 78% 764 761 T6% 20% Barnsdall A (2). 61 301 0% 301 304 20% 18 ReaconOfl... 40194 19% 19 19% 861 671 Bentrice Cream (4).. 2 870 RT4 874 88 B6%- 80 ReRNRYDEDIB4S, 1 84 R4 84 B4 B7%. -32% BendixAvintion (2). 161 474 4% 45% 41 56% 1% Best & Co (2). 18 DA% 5815 6815 Bdw 1104 92 - Bathiehem Steel (8). B34 101% 101 ‘101% 101% 184 1224 Bethlehem Stinf(7) 1130 130 130 1804 41% 40 Blaw-Knox (134),.. 0. 40 40 . 40 69 47% Bohn Al & Brass (3). 86 57 bBY 84%, 50% 9% 4% Avistiop Cor 60% Borden Co (K3)..... Bl 81% 88y 40% 41 a2 2% 2% 21% z 20'& 20% | 1. 12% 123 & 1708 160" 170M 169% 2 41% 414l 41n 4 2% 21w 2N 28 28% 201 2u 27% 2T 274 107% Bucyrus pf f 208 nm nau uw. 118% 83 sucvm-evptum. 4 41% 9% Budd (E G) Co. rm ww. 18% 8% Budd Wheel (1), 13% 13% 60% 68 24% Bul! 26 Bulova Watch (3). 354 384 221 Rurns Bros (B), 23% 234 92 Burns Bros pt (7). o8 98 41% Burr Add Meh (1). 29 42% 36 Bush Termnl (214).. 8 \6 44 3 Butte Cop &% (80c). 2 314 au. 80% Byers (A M). 108 um 109%.110 66% Calif Packing (4) 3 74 184 8% 70~ Calumeét & Aris (6) 2° 69% 6P% 6D 20 Calumet&Hec(adl). 26 21 20% 20% 19 Campbell Wyant (2), 1 26 26 26 63% Canada Dry G A (5). 112 62% 61% 62% 56 Canada South (3).... % g”‘ 58% 205 205 343% 3484 6% 79% 4T% 4T 0% 80% 54 Cerro de Pasco (6) 5% 5d% 9% Certain-teed Prod 4 10% mv. 1ox 36 Checker Cab (4.20) % 43% 43% 203 Ches & Ohfo (10) ‘7 222 220% 222 63% Ches & Ohlo Corp (§) 6% 4% Chi & Alton. ‘l% % 5% Chi & Alt 8 -8 36 Chi & Easf 48 . 48 12% Chi Great Western, 15% 34 ChiGreat Westh pf. 2 48% 21% Chi MII StP & P 21% 36% Chi Mil StP & Pae pf. 3 86% 224 Chi Pneu 'l‘oul.... e 25 51% Chi PneuT of (34):. 9 63U BI% 51y 100% Chi R I & Pac nnl . 1108% 108% 103% 107 Chi R1& Pac nu . 1108 108 108 673% 57% ChildsCo ( 4 62% 62 33% Chrysler Corp u 297 137 36w 87 .20n 97 97 97 . 167 12% 11 11% 4 4% 41% 1% 1877 133 GooasGoln 81 4181 180 181 63% 59% Colgate-Pal-P 4 63 62 62% 35% 14% Collins & Afkman, 829 284 288 77 86% Col Fuel & Iron (2 S sae b 20% 13 Colonfal Beacon. 20 20 87 80% Col G 18 i fow 835 110 104% Col Gas & El pt A( 4 108% 108 34% 24% Columb Graph (87c) 1438 37 88y 199 168% Columbian Carb (18) 40 1741 1704 172% 40% 23% Comm Credit (2).... 19 35 83% 35 81% Comm Credit A (3) 36 Comm Inv Trigl 3 47y 99 Comm Inv Tr pf (7). 60s 107 27%4 Comm Solvents (11) 173 '34% 33% 335 12% Comwlth & Sou(60c) 355 '18% 184 18% 99 Cmwith&Soupf (8) 11 102% 1024 102% 18% Congoleum-Nairn... 17% 17% 48% Congress Cer (16%). H 445 44y % Conley Tinfoil(stpd) 1 % % 44 Consol Cigar (T)...s 150 50 50 15% Consol Film (2). 0 u 25 18 Consol Film pt (3) 8 24 985 Consol Gas N ¥ (1., 208 nm 15 135% 49 Con RR Cub pf (§).. 60 60 1 Consol Textile. - 1% 12 Contalner(A) (1.20). 1% 17% 27% Contl Baking (A). a0% 31 4% Contl Baking (B’ 4% 4% 78% Contl Baking pt (8 81% 50% Cont] Can (234). 65% 28 Contl Dia Fibre (3).. 34% 59 - Contl Insur (3. 70% 5% Contl Motors. 644 19% Contl Oll of Del. 20% 173% 131 Bklvn 43 40 Brown Shoe (3). 115 44% 55 108 38 20% 108% 19% 56% 1 59% 27% 28%, 136% 62 2 22% 52% 7 4% - T1% 37% 1% 8% 304 40% Cructble Steel (k§). . Crueible Bteel pt (7). Cuba . 408" 50% 50 50 3 lm 125% 1204 llt 1118 118 118 117% 13 12% 12% 12% 12% 8 17 16% 17 16% 81 82% 3 7 mer Sug.pf. blish ur%) ] 90% 64 Cutler-Hammer(33%) 1 L A3% 28% Dnvliont.h%l..' T8 W ligh. u; 4 Deere & Co pf (7). e 120 27% % 100 148% 5% e Y 70 48% )08‘6 utu. 9T 118% wl% 108 Mo Kan & Tex v!fl). 40 Stock Sales— Dividend Rate. ~ Add 00. High, lll); 24 7 15 Low. flm Délaware & Hud (3). H 195% Detrolt Edison (8) Diamend Match ) 112% Du Pont de N (1 176% Rastman Kodak (t8) 27% KEaton Axle& 8 (3). Eleé Auto Lite (6)... . 4% [lectric Boat. . 494 Kl Pwr & Lt ( 106% El Pwr & Lt pi 7). 69% Klee Storage Bat (5) 3 Bmersor Brant (A). 4% Eng PubSveof (6).. 94% Kng Pub Sve pf(54) 39% Equitable Bldg (2%4) 53 Krie R R 28% KEureka Ca 18% Evai Fed Lt & Trac pf m 3214 Fed Wat 8, A (e2.40) 29 Federated Dept Strs. 24% Firestone T&R(1.60) 79% Firestone T&R pt(8) 50% First Nat Strs (2%). 3 Fisk Rubber. .. 13 Fisk Rubber 1st p 12% Fisk Rub 18t pf cv., 42Y% Flosheim Shoe A (3 47 Follansbee Bros (3) 60% Foster Wheeler (2) 46% Fourth Natl Invest 16% Fox Film (§4).. 38% Freeport, Tex (t ' B% Gabriel Snub (A) 69% Gamewell Co (5). 3% Gardner Moto 12 Gen Am Investor: 99% Gen Am Tnk Car(34) 49% Gen Asphalt (4)..... 25% Gén Bronze (2). 104'% Gen Cable pf (7). 62% Gen Cable (A) (4) B1 GenClgar (4).. 60% Gen Electric (1.60). . 11% Gen Elec spec (80¢). 46% Gen Food Corp (3)... 13% Geén Gas&E (A) new. 98% Gen GAEl ev pr(e). 391" Gen Ital Kds (a2.62 46 Gen Mills (3). 371 Gen Motofs (43, 104 Gen Motors deb (6 104% Gen Motors pf (6) 117%. Gen Motors pt (1) 15. Gent Out Adv (2). 36 Gen Out Adv(A) ¢ 32% Gen PublicSve (b8 86% Gen Ry Bignal (5) 174’ Gen Realty & Utll #7% Gen Real & Ut pf( 67 Gen Refrac (14%) 39% Gen Theat Equip vi 8014 Gillette Saf Raz(n§). 11% Gimbel Bfothers. Glidden Co (h2) 40% Goodrich (B F) (4). 62 Goodyear Tire (5)... 18 Gotham Stlk H (23) 9% Graham-Paige. 8% Graham-Paigercts. . 384 .Granby Conper (8). . 324 Grand Slver Btrs(1) 18% Grand Unfon........ 87 Granite City 8t1 (4). 32% Grant (WT) (1).... 89% Grt North pf et (5).. 19% GtNctfs O P (a33). 28 Grt West Sug (2.80) 114% Grt West Sug of (7). 12% Grigsby Grunow. ... Guantanamo Sug pf. 1 94 Guit Mo& N pf (6).. 51% Gulf States Steel (4) 28 . Hackensk W pf(1%). 12% Hahn Dept Store 24 Hall (WF) PrCo(3). 85 Har Wkr Ref (12%). 13% Hartman (B) (1.20). 614 Hayes Body.. i 70 . Hershey Choe (8). .. 450 Hocking Val (10)... 26% Holland Fur (et2%). 614 Hollander Sans. . 75 Homeéatake Min (17). 19 Houdaille Her B(2).. 49 -H'hold Fin pt (13%). 5214 Houston Oil (10%). ©324{ Howe Sound (t4%).. 46% Hud&Man Ry (3.50). 76 Hudson Man pf (5).. 44% Hudson Motor (5). .. 20% Hupp Motor Car (3). 127% Illinois Central'(1).. 20% Independ Ol & G(2). 5 Ind Motor Cycle 1nd Motor Cycl 17% Indran Refining. 18 ' Indian Refining rets. um ln. rsoll Rand (4).. pf. . 55% Intl Cement (4 5 Intl Combustion 30 Intl Comb Eng pf. 1 78% Intl Harvester (2%). 15 140% Intl Harvester pf(7). 1 81% Intl Hydro E1 A (e3). 48 66'% Intl Mateh ptf (4).... 9 26 Intl Mer Marine (1). 2 31% Intl Niekl of Can(1). 126 26 IntiPap &P (A)2.40. 3 15% Intl Pap & Pwr (B).. 3 12% Intl Pap & Pwr (C).. 46Y% Intl Printing Ink (3) 1 61% Int Rys Cen A pf (5). 30s 69 Intl Salt (6) . 770= Intl Silver ( 6 62% Intl Tel & Teles Il). 275 19 Investors Equity(2). 2 1 Iowa Central. 508 43 Jewel Tea (14). 2 117 Johns-Manville (3).. 91 118% Jones & Laugh pf(7) 90s 2 Jordan Motor Car... 5 11% Karstadt (R) (1,02) 6 81% Ka: 6 3% Kelly-Spring Tire 20% Kelly-Spring 8% pf. 22% Kelsey Hayes (2) 7% Kelvinator Corp. . 47% KKennecott Cop (6). 20 Kinney (G R) (1)...: 1% Kolater Radio. ...« 38% Kraft PhCh 11%). .« 98 ° Kraft Ph Ch pf(6%). 30% Kresge(SS)Co(1.60) 110 Kresge (8S) pf (7). b6% Kress (8H) (1) 23% Kreuger&Toll ( 36%. Kroger Gr&Bak(n1). 21% Lago O1) & Trans. 97 " Lambert Co (8) 6% Lee Rubber & Tire 84 Leh Port Cem (2%).. 1 106 Leh Port Cm pf (7). 2008 12 Lehigh Valley Coal, . 704 Lehigh Valley(14%4) 89 Lehman Corporation 91% Liggett & Myers(15) 91% Ligg & Myers B(15). 85% Lima Locomotive. ... 62% Liquid Carbonie (4). 42% Loew's, Inc (3 . 84 Loew's pfxw (8%).. 3% Loft, Inc. 50% Loose-Wiles 13! 70). 16% Lorfllard (P) Co. ... 38% Lou G & El(A) (1%). 3 708 9 41 3 1 6 19 1 1 36 1 3 4 2 2 1 1 9 1 1 12 5 2 0 4 4 6 3 & Nash ( 32% Ludlum Steel (2) 40% Memll Corp (2%)... o = 26% Mln Elec Suppl 20% Man Shirt (2).. 20% Marmon Motor FOY 3 441 164 Mexican Seal 22% Mlami Copper (4) 53 Michigan Stl (m2%). 28% Mid-Cont Petm (2).. % Middie States Ofl at.. 87 Midland 8i 3) 90 Midland Steel pt m. 12% Minn Moline Pwr. 46% ‘Mo Kait & Texas. e BrpeSalS e Qe 24 Mohawk C Milis (). 49% 35% Montgom Ward (3). u‘u st ety (Onnu.nu-d on Page n.) v Prev. Close. Close. 124% 125 177 177 133 137% 250% 251“- 41% STOCKS SLUGGISH AT SHORT SESSION Market Works Lower Despite Gains in Utilities and Specialties. Y GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, April 26—Despite bid- ding up of the pubflc utilities and a few industrial specialties, today’s week end market worked slowly downward. Motor stocks were especially weak, and the whole list labored under the weight of unfavorable eéarnings statements already published and yet to tome. The demand for the public uilmles was most urgent at the start, when large buying orders came into the market for United Corporation and latef for United Gas Improvement and Public Service of New Jersey, United Corporation -went to s ntw top for the year. 3 © Prices Mixed. Consolidated Gas and North American Co. were strong, but Ameritah Telephone & Telegraph sagged undet the influence of the increased amount of stock due to conversion of the 4l per cent bonds. |, Nearly 50 per cent of the original issue of 41 per cent bonds has already been converted, and at the present rate prac- tically the entire ouuundlns amount will ‘\nve been exchanged for stock within the next few weeks. cialties for which there was a market included General Foods at a new high and Columbia Grapho- phone, with which the name of radio was still associated. In the first hour Vanadium went through its old top, but it reacted later. The offset to these gains was the heavy eelling of the motors. Hudson made a new 1930 low and Chrysler was very weak. Only a short time ago it was reported that a pool had been formed in Chrysler to advance the !lock but if that story is correct the sors for the issue evidently de- ed to postpone operations until the first quarter income statement is out of the way. Shorts Cover in Coppers. ‘There was little change in the cop- pers, although Calumet & Arizona made & new low, short covering being about equal to lliquidation. ~Johns-Manville sold off sharply. Net for the first three months of the year was equivalent to 81 cents share on Johns-Manville common, against $1.30 a share in the first three months of 192 Baldwin made & new low on a small furnover. United Btates Steel will make public its quarterly earnings statements after the close on Tuesday next. The stock was heavy today, as it has been all week. Rails were inactive, but the tiend was downward. CHICAGO LIVE STOCK MARKET CHICAGO, April 26 (#) (United States Dovlftment of Agricuiture) — Cattle, 100 head; compared week # all killing classes and vealers unevenly steady to 25 cents higher, mostly steady on fed steers and yearlings, with clm- xnf undertone on weighty steers strol All grades fairly active, especially kine scaling 1,200 pounds upward, Low priced steers also sold well and closéd firm. Fat she stock dragged, but sup- ply very scarce. Finished light d medium weight steers in broad demand, supply seasonably small. Bulk of steer crop being light and medium weight offerings of medium to grade. Extreme top heavy, 16.10; light steers, 14.40; yearling nleel'!, 1410. Theifer yearlings, 13.10; bulk of light fed steers and yelrlhn. 10.76813.00; bulk of heavy, 12.00a14.00. Smep—lTOOD head; market nomlnll 12,500 head direct; for week, 163 dou- bles from feeding stations; 33,000 head direct; compared week ago, fat lambs mostly 25 higher; fat ewes, weak to 35 week's bulk of fat lambs, 9.25a y 500-6 15 top, few native Spring bs, 12.00813. Real Estate Loans Made Linkins Co. Money to Loan Secured b7, Srey doed of trast g Interest and sommi lnlep Weller §5743%% MONEY TO LOAN ON IMPROVED DISTRICT OF COLUMBIA REAL ESTATE NO COMMISSIONS OR RENEWALS APPLY COLUMBIA PERMANENT BUILDING ASSOCIATION 738 12th ‘Street N.W. Nat. 0352-0358 Property in the District of Columbia First Trust Only Immediate Attention W H. Saunders Co. Inc 1433 K St. NW. Dist. 1015 | FIRST invest in our from $250 up. National 2100 THERE 1930, ‘ :Oil‘ Stocks BY GEORGE T. HUGHES.. i f brief Tt e oy part k. Fatotmagion “ may ":f 'f"mm iteifisentiy to" chart own course.) Tnteresting because it is one of the oldest companies of the Standard Oll group, and because its stock has just been admitted to listing on the New York Stock Exchange, having been pre- viously dealt in on the Curb Exchange, Standard Ofl of Kansas, makes & strong showing in its current financial state- ments, The capital structure is simple in the extreme. There are no bonds and there is no preferred stock and there-is only one class of common stock, which is of $25 par value and cutstanding to the number of 320,000 shares. On these shares in the year 1929, a year generally considered to bé one of great difficulties for the ofl trade, Standard Oil of Kan- sas earmied a net profit of $1,512,912, or $4.72 & share, ‘This is in striking con- trast to the result in le preceding year, when net profit. was only $292,288, or 91 cents a share. Dividends lre now being paid at the rate of 8 cent, that is to say, $2 a share annual ly, but there were four years in which the stockholders went without nny return on their investment, a fact which ac- counts in a measure for the compara- tively low- selling price of the stock. On the other hand, the financial posi- tion as of December 31 last, was ex- traordinaril ltron‘l All current labili- ties were only "lll 15 and against these there were $2,671,531 in United States Government_bonds, $800,000 in demlnd loans and $123,760 in cash, This not taking into account Bllls recelvtble or inventories of crude oil and of sup- plies. . A company 80 situated 8 in a position to take udvlnufe of any_turn for the better in the oil A year ago Standard oll of Knmu bought Tulsa Oll Co. and so entered the producing field, whereas up to that time it had been primarily 4 manufac- turer and refiner. Important savings are expected from the putting into oper- ation of a pipe line from the oil fields of Kansas to the company’s refineries. ‘The present outlook is favorable, mces of t LANSTON MONOTYFE MAGHINE comPANY HARETerANS Locusts Phjladeighis, Pa. usl, mesting of the )\lnclhnfldna ‘ot il b neld st he omee of Gardner E l\gg m'. Asaph st., a ha T Al!! i " oloe of e Jear and transacting by properly com n meeting. t books will be closed on Avril 31 and will be reopéned on En-gfl °’s£"“""' a4 o 3 May S 555 5 3, N, Secretary. _ order of the- First Mortgage’ Lonm in A Coul dtmn o3 Commonwealth Investment ., Inc. #08 15th St. N.W. Phene Nai 2623 Mortgage Loan Correspondent for The Pradential lnsurance Co. of America Wm. Gordor Buchanan Councilor & Buchanan Certified Public Aocountants Tower Bullding. National 6110-6111-6213 (Telephone Directory Omission) “HUPMOBILE!” Better Used Cars 1520 14th St. N.W. DECATUR 4341 A Few Charter Shares ‘Available - Montgomery. County Building Ass’n 6972 Wisc. Ave., Bethesda, Md. | Authorized Capital, $5,000,000. An Tdeal Investment, Embodying Full Particulars Upon Réquest MARYLAND LOANS SOLICITED Money to Loan D. C. Real Estate 6% Floyd E. Davis Co. 733 12th St. N.W. SECURING THE FUTURE If you.want to make sure of an income for the years to come, FIRST MORTGAGES They insure financial independ- ence in exact proportion to the amount you invest—with fixed return and principal safe. May be purchased in amounts B. F. SAUL CO. MORTGAGES b « 925 15th St. NN'W. IS. NO SUBSTITUTE . FOR/ SAFETY FINANCIAL. SALES OF TRUCKS ARE REPORTED 600D — Special Dispatch to The Star. CLEVELAND, , Ohio, April 26.—At the | sessi annual meeting of stcckholders of the ‘White Motor Co., held today - in Cleve- land, all members of the existing board of directors were re-elected for the en- suing. year, as follows: Philemon chl- inson, Warren S. Hayden, Homer Johnson, William G. Mlthel‘ Otto Mil- ler, J. R Nutt, E. W. Stetson, Waiter C. Teagle, E. R. Tinker and R. W. Wood- ruff. A meeting of directors will be held Monday, May 5. President Robert W. Woodruff made the following statement: “The sale of motor trucks and busses does not appear to have been affected by th! slackéned pace of the past few months to the same extent as other branches of industry. During the first quarter of 1930, sales of this company in -dollars were -p}srommmly but 10 cent less than for the same period year. “Mpwr trucks and busses' are eco- nomic, necessitics, serving daily the wide- spread demands of transportation.” Shopping weeks are being tried in Ireland. H." widens out to a GOVERNMENT MAY HOLD, BULK OF WHEAT SUPPLY BY the Assobiatett Press. CHICAGO, April 26.—Assertions that the bulk of the United States wheat visible .supply. will soon pass into pos- on of Government-sponsored agents received much notice here today. Rapid approach of time for deliveflm of wheat on May contracts is being ac- companied by trade forecasts that such disposal of the domestic stock in sight will result unless the price be- tween Ma¥y contracts and July quickiy int where 1t is to advantage of millers and others to change holdings over from the nearby month to the later. According to leading unofficial au- thorities, the immediate outlook is that in the absence of most extraordinary broadening out of foreign demq,? the end of the crop year, July 1, will find Farm Boagd's allies owning a lafge ;Z‘clrcuclx;'u:li‘ wniw '.thu cmllbnltrys 'el‘silhle a X 100,000,000 bushels. e frneedine ?_;——_m First Mortgage Loans Lowest Rates of Interest and comml-lu‘ Thomas J. Fisher & Company, Inc. We Solicit the Rental Management of Your Property Whether Apartment, Residence or Business Prompt Collections RENTS REMITTED THE DAY RECEIVED Our Rental Department is Most Compleu and Efficient. We offer co-operation at all times in the solution of Ownership Problems, such as refinancing your mottgage, repairs, insurance, etc. RANDALL H. HAGNER & COMPANY, Mortgage Loan Correspondent New York Life Insurance Company 1321 Connemcut Ave. N.W. Phone Decatur 3600 On Improved Real Estate IN Nearby Montgomery County and the District of Columbia PE— Lowest Interest Rates & Charges BOSSEEFHELPS Founded 1907 Loan Correspondent John Hancock Mutual Life Insurance Co. 1417 K St, National 9300 We appreciate the value of promptness in the matter of real estate loans and have made this a very special feature of our service. Our wide experi- ence and splendid equipment permits us to accomplish speed without sacrificing efficiency in the least degree. PROPERTY MANAGEMENT. Apartment House MANAGEMENT The matter of repmn is con- . stantly coming up in the con- duct of an apartment house. You can rely, not only upon our judgnient of what repairs are for the best interest of .the property, but also to have them made at minimum cost. B. E. SAUL CO. 925 15th St. N.W. Nat'l 2100 M . O R TG A G E The Star of South Africa BLACK shepherd boy named Swartzboy, prodding stony ground with a stick picked up a lump of earth. That evening he handed his master, Nie Kirk, a diamond-—the Star of South Africa —weighing 88145 carats. He re- ceived about $2,000 for it, with which he drank himse]f to death. Eighty-eight carat diamonds do not roll around the streets of Wash- ington. But those who seek for- tune’s favors will find that a little prodding into their weekly pay en- velopes will uncover hidden riche ~wealth in the form of that neg- lected and carelessly spent portion of their salary which, when saved, soon grows into a tidy sum. And wise people, of course, do not dissipate such sums in an orgy of spending. They invest them in sound securities such as the 6 per cent First Mortgage Notes sold through Swartzell, Rheem & Hen- sey Company. which for over sixty- one years have proven safe and profitable, Let us send you our booklet—or better, let us tell you the advant~ ages of our mortgages and the se- curity of property and company be- hind them. SWARTZELL, RHEEM & HENSEY Co. MORTGAGE BANKERS 737 15 STREET N. W, WASHINGTON D,C. /