Evening Star Newspaper, April 26, 1930, Page 12

D. C., SATURDAY, APRIL 26, 1930. FINANCIAL. BONDS ARE ATIVE | e BONDS o] BANKERASKSSHFT lm 114 Southern Rwy (8) 33 115% 114% 114% 116% 3 =% 25 il ¢ Smecme T 1 g & &b Rails, Munioipal and Utilities Warburg Would Eliminate Sell Off in Large Secretary of Treasury From Tishivee Membership on Directorate. THE _EVENING STA NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. DENIES NEW YORK RATES ARE HIGHER Power Company Official Takes Issue With Statement by Gov. Roosevelt. R, R BY JOHNM F. SINCLAIR. Special Dispatch to The Star. NEW YORK, April 26.—Floyd Car- lisle, chairman of the Hudson Niagara Power Corporation, takes sharp issue with the statement of Gov. Roosevelt UNITED STATES. (Sales are in $1,000.) Sales. High, Low. 51001 1001 162 10126 10124 ll". 25 12 11110 1118 1118 FOREIGN. ~Prev. 1930.~ h, Low. Stock and Bales— Dividend Rate. _ Add 00. High. Low. Close. cm-. White Eagle 5%s h Willys-Ov 6%s '3 ‘Wilson & Co 1st 6: 2101 101 101 Youngstn 8 &T §s.. 2 101% 101% 101% IAILIOAD. .13 llflu 1324 132% 98 98 98 92% 92% 92% 100% (Continued Prom Page 11.) 50 108% 107 1om Stock and Sales— Prev, : 1 100% 100% 100% Dividend Rate. mu Eigh. low. Close. Close. 10% 10% 11 673% 67% 66% 2 1% 8% 65 19% 60% 21% AT% ~Prev. 1930~ . Low. 3% Moon Motors 58% Morrell & Co (4.40).. 1% Mother Lode (40c) 4% Motor Meter G & 50 Motor Products (3). 12% Mullins Mfg. ... 5714 Mulline ME BE (7315 508 18 Hunly (bz%stk)... 713 35% Myer(FE) & Bro(2). 2 58'% 45% Nash Motors (6).... 45 46% 132 121% Nash, Chat&StL (7). 90s 129% 125 26% 18% Nat Acme (1% 39% 11 Natl Alr Tra 20 9% Natl Bella Hess..... 91% 71 Natl Biscult, ni2.80), 148 142% Natl Biscultpt (7).. 83% 57% Nat! Cash MHeg.A(t4) S8% 46 NatlDairy (12)..... 47 bW 664 5% b6 of New York that the rates for power | 189% 1 atl Lead (#8)....., 1151 151 151 151 142 138% Natl Lead pf(A) (7). 10s 140 140 140 139% in New York are much higher than| Jio jja" Raul Lead pr() (6). 108 117 117 117 117" those in the Province of Ontario. 58% 32 Natl Pwr& Lto1)... 107 57% b66% 567% 66% According to Mr. Carlisle the latest 1 Natl Rys Mex 2dpf.. 4 g o available figures of. the Hydro-electric 70% Natl Surety (5)..... 2 0% 90% 91% Commission of Ontario, those of 1928, 43 Nelsner Bros (1.60).. 40 53 show that the province sold in that i2. Nevada Copperd).. 13 22% year 3,061,545,371 k. w. h. and received 40 Newton Steel (3).... 52% therefor the sum of $32,431,618. During 43% N Y Airbrake (3.60). 4% the same year the Buffalo, Niagara and | 192% 167 N Y Central (8). 21 1700 11000 Eastern companies (within the Niagara | 110% 108% N Y Chi & StL pf. 2 1104 110% system), although generating 20 per | 48 NY Dock....... cent of their energy by steam, sold| 32 N Y Invest (1.20). 13% Sparks Withngtn(1). 27% 20% Spencer Kelg (1.60) 23 23 21% Spicer Mfg... 26% 25% 22% Stand Brands (1%) 25% Stand Comm Tob. AtICL 4%s'64 B & O gold 4s. B&Ocvely 49% 4% 47% 64 Stand G & E pf (4).. 10 Stand Invest Corp... 56% Stand O of Cal (2%4). 98 Stand OIl Exp pf(5).. 37% Stand Ofl of Kan (2). 58 Stand OlI N J (12)... 31% Stand Ofl N Y (J 60). 33 Starrett (LS) (Y2%) 10% Sterling Sec (A)..... 12 Sterling Sec pt(1.20) 30% Stewart-Warner (1). 77~ Stone & Webster (4). 4T% 37% Studebaker Co (5) 105% 102% Sun OIl pt (6) 8% 6% Superior Ol 15% 8% Sweets of Amer (1) 17% 8% Symington (A)...... 26% 15% Telaut Corp (11.30). 13 'Tenn Cop & Ch (1).. 59% 50% Texas Corp (3)...... 67% b54% Tex Gulf Sulphur(4) 8% Texas PC&Oil..... 13% Texas Pac Land T 104% Sweeping changes in the Federal Re- 108% | serve Board, including the elimination 85% | of the Secretary of the Treasury from 98% | membership, are recommended by Paul :_2,* M. Warburg, internationally known w’: g:;k"t and o m‘; founders of our ent central tem, i Buff R & Pitts 4}4s. 92 | two-volume history enu‘ué?s “The ;‘led‘- Can Nat 4% 857 95% | eral Reserve System, Its Origin and 102 | Growth,” just published by the Mac- 101% | millan Co. Under the direction’ of & 99% | board constituted :ccurdl.n( to his plan, 115 | Mr. Warburg the recent stock 110% | market "debauch" would have been ar- 86% | rested long before it reached its colossal 1083 | dimensions, 93% | His suggestion that the Secretary of 102% | the Treasury ought not to be a member 100% | of the Federal Reserve Board, much less 96% | its chairman ex-officio, does not imply 96% | the slightest criticism of any Secretary BY F. H. RICHARDSON. Speclal Dispatch to The Star. NEW YORK, April 26.—Bond trading was somewhat more active today than on previous days of the week. Most of the buying, however, was apparently of semi-speculative order, as interest and activity e:ntered ll'wui:\:l th-yield ASement eocupany, ust and Jjunior railroad bon Money at l‘rer unt for 90-dgy bills was hardly reflected accurately by the sluggishness of prime securities. ~ The | Bolivia 8. market average is now about 2 points Borae-ux low its high point of March, but 3% | B points lhove lh low level of the year. High- such as Atchison general 4s nnd bllc utility bonds like American Telephone 5%s, Philadelphia Co’s 5s and Utilitles Power & Light 46% 46% 129% 129 22% 28% 27 18 18% 41 87% 86% 87 8I% 1 147 147 147 147 99 57% b56% 57% BT% Australia Bank of Chil Bank of Chile 6% I Belgium 6s. soaaBalane BanEataen Can Nor 6% Can Northern Can Pac deb Car Clin & 0 Central Pacific 13 18% 16 164 23% 28% 4% 14% 57% 658 62 62 12% 12% 27% 28% 110% 110% 46% 47 30 30% 30 70 4.436.403,784 k. w. h. and received there- for the sum of £32,911,782. But _this is not the whole story, says Mr. Carlisle. These Awmerican com- panies also paid $4,546,418 in taxes, while the Ontario sales were free of 135% 119% NYNH&H pf (7 17% 13% N Y Ont & Western 1 4% 2 N Y Rallways pf. 116% 110 N Y Steam 1st pf 16% 12% North Am Aviation.. 203 132% 93% North Am(b10%stk) 13 128% 123% % 14% 3 2% 2% 10s 113% 113% 13 12% 54 127% 126% 128% 122% !A 14 3 113% 113% 13 126% 125% Thatcher Mfg (1.60). 26 The Fair (2.40). 36% Thomp (J R) (3.60). 33% Thompson Prod(2.40} 11 Thompson Starrett. . 10% Tide Water As (60c). 2T% 28 42 35 14% 17 27% 28 42 36 15% 17 5%s dropped off by small fractions with no great demand manifesting Mself anywhere among the legal cllul- fications. Municipals were off a little for the first time in some weeks, the nn;e of ylelds now running from 3.95 Con Pwr Japan 7s. . Copenhagen 4% ‘57 Copenhagen &s rets ChiGr West 4s CM&StP ret 4% ChiM{IStP&P 58'75. CMSP&Pac ad)5s03 of the Treasury who, since the organiza- 78% | tion of the Reserve Board has :g:ed as 69% | chairman, Mr. ‘Warburg says. “In gen- 94% | eral they have tried their very best to 92% | meet justly the embarrassing require- 68% | ments of their dual position,” he says, 96% 821 North Pacificet (5).. 3 4 % Norwalk Tire & Rub. 3 15% 9% Oil Well Supply... 84% 13% Oliver Farm Equip 46% 31% Oliv Fr Eqcv pt(3).. 70 OlivFrEqpfA (6).. 86% 86% 2% 2% 86% 87 2% 2% 13 13 3% 1% 43 4 77y | 8nd continues: “A political chairman vo* of a non-partisan board is an incongru- 100% | 1t¥ l‘\mm npon the incumbent a well 108 9 Fourteen years nt ‘actual operation of 89y | the Reserve System, Mr. Warburg 97 | further remarks, have demonstrated the “ incontestable fact that the Secretary of 037 e 's pro- 1,1/' longed meetings. 4 e 87% 18% to 4.75 per cent or_about .25 her than a week ag o Convertible bonds continued their ac- tivity, but at lower levels, with the stock market. American Telephone 4},s were down close to 2 points, and Alleghany 58, American I. G. Chemical 5%s and ‘Warner Bros. Pictures lost fraction- #e‘ ‘: notable euée'puon was General TS 33 Truscon Stl (§1.20).. Tewis in e semmi Gl,mup ative Mo 19 Twin City Ra Tru4). ment obligations that the main attrac- 64% Twin City RT pf (7) tion seemed to be. Pathe 7s, for 974 Und-Fll-Fischer (5). 112 112y | instance, went to a new high, up over 121 Und-Ell-Fshr pf (7) 100s 125 125 125 |3 points, and Shuberts 6s advanced 2 10 Unfon Bag & Paper.. 5 14 14 14 |Points, both moves being a reflection 76 Union Carbide (2.60) 156 96% 93 96 |Of further merger talk. Other indus-|I 41% Unlon Oflof Cal (32) 3 47% R e N T 2425 215 Union Pacific (10). .. 228 229% | Froducts 5vg, Dodge gs, Italian Pub §ve 7s o 25 park & Tl 'S5k Unton Pecifie ot (&) of Delaware 5% and Certaintesd SVan, Japane: A% 43% Utd Adreraft. . gm Junior rafls that showed strength were |-Japanese 8 b 44% Utd Carbon (2). 7915 | St. P-ul unknenu Erie refunding | Karstadt 19% 5 ) 4 Utd Cigar Store 614 | 58, Southern Railway 4s, 3214 28 30% Utd Corporation. 48% Wlbllh 4%-. Western Maryland 4s and 53 12% 9 46% United Corp pf (3)... Boston & Maine 5s. U 6% PE(8) Foreign 47% 78 Tide Water As pf (6) 14% Timken Det Ax(80c) . 70% Timken Roller (3)... 2% Tobacco Products. .. 7% Tobacco Products A. 16% Transcontl Oil (30c). 16 Transue & W (1).... 30% Trico Prod (2%). 17% Tri-Contl Corp. 89% Tri-Cntl Corp pf (0). 87% 18% 80% 4% 11% 22% Denmark 4 %s. . Denmark 5%s ‘65 . Denmark 6 Chi & NW gn 3%s.. Chi& NW gen 4 Chi & NW con 4%s. Chi & Nw 6% Chicago Rwys b: ChiRI&Pgn+4 ChiR &P rf 4 ChiRI&P 4% Chicago T H 68 Cé& W Ind 5%s’62. CCC&StL 4%s (E). Clev Term 4%8°17. Clev Term bs. Clev Term 5%s Colo & Sou 4% Cuba R R 7% Cuba Nor 5% rets. Del & Hud 1st rf 4s. Del & Hud 78 '30 DR G&Wst Duluth 8 8 & Atl 5 E Tenn Va&Ga 6s. taxes, because the plants were govern- ment owned and operated. “If our mmf&nles were relieved of the payment of taxes to put them on the same basis with Ontario,” said Mr. Carlisle, “they could have sold elec- tricity to thejr 600,000 household and farm consumers for $4,818,322, which would have been less than one-half of the amount paid by the householders of Ontario.” ‘To_the consumer the matter of rates 1s all-important. guring rates, however, the lmount lld by the private companies for taxes must be included, in jusuce to these companies. American bankcn, led by Speyer & Co., have decided to take 3!5000 000 of the $97,330,000 coffee valorization loan to the State of Sao Paulo, Brazil. ‘The bankers of Great Britain, Belgium, Holland, France and other foreign na- tions will take the rest. 1t is an expensive loan for Brazil, for it will probably carry 7 per cent in- 2 - 3 rponluadanilenmman~ —ea NHRuRNHRE~ RanaruneeSsShnuESnenSeRiute -.-.e.-.m.-n.-..em.—':“—nm.;...‘Efiea 33% ..100- 108% 108% 56 70% 69% 107 102 Outlet Co pf (7). T4% 52% Pacific Gas & El (2). 107% 72 “"Pacific Lizhting (3). 26 103% 102% 30 21 Pacific Mills. Ao- 24% 24 1% 1 PacificOll Stu 1 178 140 Pacific Tel &Tel (7). lll‘h'll?‘é 148% 23% 15% Packard Motor (1).. 302 19 1 61 50% Pan-Am Petm (B). 11% 4% Panhandle P& R 774 48% Paramount Publix. 35% 25 Park & Tilford (") - - - AENG ORNONTOOR S a o e e =R terest, mature in 1940 and be offered | 55% 26% 10 Utd Eleotric Coal, dollar credits were generally secu the loan will| 80 63 86% Utd Fruit (4)......00 B e valuedat about. 830,000,000, | 100% 3% 5% DS & Por Securs v The loan provides that a free mar-| 12 6% . ket for coffee 1 become effective| 55% ,‘;“Vfi July 1 and every month thereafter at| S0% 724 least one-twenty-fourth of the esti- '23“‘ 230 mated crop of the next two years will 64% 150 be sold, thus spreading the difference | 1504 betmn the large and small crops over the two-year period. \It is expected that while a minimum of 10,000,000 bags of coffee will be sold by the State of Sao Paulo each year, 1,650,000 bags will come from the coffee pledged for this loan. At this rate all of the pledged coffee will be sold during the life of the loan and the bonds paid off as the coffee receipts come in. Interest on the bonds will be secured by a special tax on all coffee trans- grted for foreign export from Sao ulo after next July. ‘The coffee price-fixing experiment of Brazil now goes into the discard. ‘When Dr. Olaya, the President-elect of the Republic of Colombia—a direct descendant of Simon Bolivar—faced a distinguished audience of business men at the Pan-American Society din- ner in New York, he brought a mes- .n‘e of friendship for the United States a promise of fair phy for all for- elm mumu during his administra- Colomhll and the United States have much in common. We take more than four-fifths of Colombia’s exports, which are largely oil and coffee, and supply her with about -half of her total im- Pre.!went Olaya’s return to the United States is primarily a business S appointment of a group of American experts to help in restor- ing his country’s business, backed lower in response to the larger amount of new foreign offerings on dealers’ ahzl?:-. Sao Paulo bonds were in de- man Fla East C5s'7 Gr Trunk st deb 6 Gt Nor 4%s'76(D). Grt Nor 4%s (E) Gt Northern b: Great Nor gen 7 Hav El Ry 58°'52.... Hud & Man adj 5s. Hud & Man ref 5s. 97% 104% 108% NEW YORK COTTON Special Dispatch to The Star, NEW YORK, April 26.—The most general rain in sections of Oklahoma % ln several months and declines in wheat, 9174 | Suar and rubber to lowest prices of 81 the year exerted a de humu on_the cotton market today. 104% 104% | Both May and July contracts sold 80% 80% | below the 16-cent level, and an hch 94% 94% |or more of rain over a wide area in 96% 95% | Oklahoma brought pressure on distant 58 58 uver!m Final quotations showed a of 5 to 10 points on the day. Spots 106% 106% were reduced 5 points to 16.20. :_‘?\ :_ll% Cotton range: 8 10% 10% 10% 10% 2 50 50 50 50% 15 80% B0% 80% 81 Peop Drux Strs 5 58 58 58 58 People’s Gas, Chi 10 322% 319 322% 322 Pere Marquette (18) 2 160%. 160% 160% 160% Pet Milk (1%). 120 20 20 19 Phelps Dodu (3) 36% 36% C&l 23% 22% ) Penn Dixis Cement. . Penn Dixie Cmt pf. Penna RR (4). Open. High, 16.04 16.13 1513 1488 2 Ve Massachusetts Utilities. Massachusetts Utilities Associates re- ports increase of $697,854 in gross reve- nue for the 12 months ended March 31, t_12 months ended March Norway 6s 4 Orfent dev 53 Orient Dev 6553 Paris-Lyons-M Paris-L ':s's:s'r.'r,-;.-._ 47% U S Rubber 1st pf. 1987)6 166 U S Steel (7).. 68 60% US Tobaeco (4).. 39 32% UnivLeaf Tob (3) 115 103% Univ Leaf Tob pf(8). xo- 9 2% Univ Pipe & Rad.... 13 45% 31% Utll Pwr&Lt A (e2).. 43 4 Vadasco Sales Corp.. 49% Vanadium Stlgt4).. 37% Vick Chemical (2%). 5% Va-Car Chem...... 26% Va-Caro Chem 6% pf 65 Vulcan Det (4) 51 Wabash.... 24% Waldorf Svstm(1% ) . 26 Walworth Co (2). 21% Ward Baking (A). 4% Ward Baking (B). 58 Ward Baking pf (7).. 38% Warner Bros Pic (4). 16% Warner-Quinlan (1). 57% Warren Bros (new).. 23% Warren Fdy & P (2). 5% Webster-Eisenlohr. . m Washington Stock Exchange sm SALES. 96% w'nhmmn’ Rwy. & Elec. pfd—4 at ”3: Améfém Security & Trust pfd.—10 at ’2* D. C. Paper pfd.—10 at 50. i :2: Mergenthaler Linotype—10 at 107%. 100% 100% 100% AFTER CALL. 95 95 95 |Potomac Eleotric 6% pfd.—5 st 112% 101% 101% 101% | Potomac Electric 5% pm—a at 108%, 79 T84 79 2 at 1085, 5 at 108 100% | Capital Traction 6&—32000 at 95, $500 9% | _ at 95, $500 at 95. 9% hdtm;'!—Amflun National Bank—10 al 0. - Washington R¥y. & Elec. 45—$1,000 at 192% | Washington Gas 6s “A"—$500 at 102%. Bid and Asked Prices. 9u% BONDS. of Ttaly(3.14) . urgh Coal. Pittston Company. Poor & Co (B) (2)... P Rican Am To A(7T). P Rican Am To (B).. Postal Tel & C pf(7) Oil & Gas(2) . Prairie Pipe L (15).. Pressed Steel Car Proc & Gamble (2).. Pub Serv.NJ (3.40). Pub Serv N J pf (7) Pullman Corp (4) Punta Alegre Sugar. Pure Ofl (1%). Pure Oll pf (8 Purity Baker Radio Corp. . Radio pf A (3% Radio Corp {B) (5) 83 Radio-Keith-Orph A, 358 48% Raybestos Man 2.60.. 70 53% Reading Rwy (4) 2 118 Reading 24 pf (2) 1 49% Real Silk (5)... 4 58% Real Silk Hos pf(7).. 708 98 Rem Rand ¢1.60).... 25 42% 1 100% 3 12 Int Rys CA 6%s rc.. KanCity Ft 8 ¢ Kan City Term Leh! Val con 48 L & N uni 4 p eclation and reserves as of March 31, 1930, was $3,511,: 5" l[llnll $3,275,- 969, as of March 31, NEW YORK, April 26.—The follow- ing is ml!'l summary o‘(” important | o corporation news prepared Statistics Co., Inc, N. Y., for the As- soclated Press. News Trend. - T 142% 4% 8% 34% 156 67% 31% 42% 54 16% Rhine Wst EP 7l’l. Rio de Janeiro 61.. 400 121% Rio Gr du Sul §x'48 1 98% 1 128% 30 79 13 22 Mo Pacific s A 6. Mo PacbsF 77.... 1 6% R y'l Dutch I%l'w Mo Pac5sG 78 Sao Paulo 8s 114% 112% 88% T2 69% 3% 57 53 85 68 50 19 58% 38 141% 115% 57 4T 106% 106% % West Penn El pf (6). 95% 110% 105% West Penn EI pf (7). 117% 113% West Penn Pw pf(7). 50 44 Western Dairy A (4). 24% 13% Western Dairy (B).. 36 24% Western Md.... 53% 40% Western Pacific pf. 219% 177 Western Union (8).. 52 43% Westinghse A B (2). 201'6 140 Westinghse E&M (5) 29% Weston El Instr (1). index fell 0.2 points, In the commodity markets May wheat (ell:l“'n eg&:. a new i:;“ :8’; 5 101% 101% 9% 91% 125% 124% %2 105% 106% 9 308 wm 40: 116% St 2882283 Bei'.f;‘\? ‘Rem-Rand 1st pf(7). Reo Motor Car (80c). Rep Iron & Stl(new) Rep Ir&sStl pf(n) :z) Norf & Wn con s | Nor Pacific 33 202 Nor Pacificref 65.. 12 112 111% Ogden&LakeCh4s. 1 81 ° 81 Penna 4%5 1970 94% 943 en 4% Dfi MISCELLANEOUS. ADbitibl PAP5s'63.. 8 86% Alleghany Cp'5s 14 30 101% ty | Al 31 101y AmChem 5%a cv'49 16 108 Am Int Cor 5%s 49 16 100 . AmSmit &R 1st5s 26 101% BuBB20! ¥ 7% White Sewing Mach., 27% Whit Sw Mch pf (4). 11% Wileox O1! & G 19% Wilcox & Rich B l!). 7% Willys-Overland.... structed. Closer co-operation between Colombia and the Tropical Plant Re- search Foundation in Washington to expand Colombian production of food 52% 25% 23 39% 52% 25% 23 Rossia Insur (2.20).. 39% & Ross, stuffs is another worthwhile effort. Colombia, rich and waiting for de- ‘velopment, is expected to work vzry intimately with American leaders dllrlng the Olaya adnunum- tion. Colombia’s business expansion would have a most salutory effect on other South American republics, which in the past have been inclined to look upon the United States with anxious eyes. A new era in business relftionships should come out of Dr. Olaya's retum visit here. In the Departmept of Commerce summary of the business week which ended April 19, the volume of business, shown by check payments, was about 7 per cent higher than for the pre- vious week, but 8 per cent lower than for the corresponding week a year ago. Steel operations, a little highesr than last week, were not so active as a year ago. Petroleum production was up over a week ago, but less by 2 per cent than a year ago. Building construction showed im- provement, rising more than 11 cent over last week, but it is stiil than a year ago. ‘The price level showed only a frac- tional drop during the week, but was 6 per cent below that of 1929. Bank loans, unts and stocks re- mained at about the same level as a week ago. But bond prices were less than last week, although a little higher than a year ago. In a word, business continued quiet, even sluggish in spots, apparently waiting for some industry to give the cemmand “forward march.” great has been the demand for infdrmation regarding the New York Stock Exchange activities that ‘he board of governors has decided to is- sue a monthly bulletin service on eco- nomic statistics relating to the ex- ‘The first one has just been "It shows that the stocks of 856 com- panies were listed on April 1. The total number of shares was 1,178,736,~ 324 and their market value was $76,- 075,447,459, and 465 preferred stock issues. Railroads, represented by 105 com- panies, were the largest group Msted. Utllities were second with 67, retail merchandise third with 66, automobile, machinery and metals tied for fourth with 58 each; the food group was fifth with 52, chemicals sixth with 51 and petroleum seventh with 48, There were 851 common | 49% 93% 99% 94 109% 105% 118% 107% 1 92 24% 4% Royal Dutch (a3.20). Safeway (e5) Safeway pf (6)... Sateway Strs pf (7). St L-San Fran (8) St L-San Fran pf ( Savage Arms (2) Schulte Retall St Seaboard Alr Lin¢ Seéaboard Air Line pf. Seagrave (e1.20).... Sears Roebck ($2%). 208 109 Sharp & Do pf Shattuck(FG)(11% ) Shell Union (1.40) Shubert Theatre: 9 117% 117% 117% 3 98% 98% 98y 54% 98 96 109 54% 98% 96 109 58% Woolworth (2.40). 67% Worth Pump. . 67% Wrigley (Wm) (4).. 12% Yellow Truck....... 72 Yellow Truck pf. 36% Youngs Spring (3)... 5% Zenith Radlo........ RIGHTS EXPIRE 1% Am Roll M..June 16 22% 21%' Am Tel & Teleg. 2% WChiRI& May 3% 1% Int Tel&Tel 1 74 Ludlum Stl. 5% 3% Pac Lt % % Peerless Mot C May 9 1% % Warner-Quin.May 15 1% % Zenith Rad...May 14 Dividend rater as in the above table yments based on nit of trading less Sock °§ Buyable in sorip. b lar rate. b Payable in stock. 201e°Th cash 1 Plus or B Plus 2% 1n stock.. 29% 9% 10% 22% % L Firin 6% In stock. & Pius 3% o Seock. & Sius Special Dispatch to The Star. BALTIMORE, Md. April 26.—Pota- toes, white, 100 pounds, 2.25a3.25; new, bushel, 1.50a2.75; sweet potatoes, barrel, [ lows 25085.00; yams, barrel, 400“."5&- paragus, dczen, 1.75a6.00; beets, 3.00a3.25; beans, hamper, 2.2524.50; cabbage, hnmper 50a1.50; carrots, bush- e\. 1.25111.50. caulifiower, crate, 1.50a celery, crate, 2.50a4.00; kale, bush- el 20a35; lettuce, hamper, 1.0082.50; onions, 100 pounds, 1.50a2.25; green, hundred, 1.00a1.25; peppers, crate, 1.508 3.50; pel.l, hl.mper. 1.50a2.50; radishes, btak!'« 1.00; spinach, bushel, 25a60; uash, bushel, SMM 00; tomatoes, cnu uouso' apples, bushel, 1.008 3.5 pefruit, box, 3.25a6.25; oranges, box, nsn 00; strawberries, quart, 8a25. Dairy Market. Poultry—Alive, chickens, _springers, pigeons, pll ', 30a35. Receipts, 2,217 u.su nuw firsts, 25; Hennery, white, firsts, 26; auck eggs, 24a25. sutter—Good to fancy creamery, pound, - 36a393%; ladles, 31a32; rolls, 25a28; process, 31a32; store packed, 1922 Stock and bond issues, listed during ‘March, were $273,000,000, or $90,000.000 more than March, 1929. (Copyright. 1930. by North American News- baber) Aliinzee,) GRAIN MARKET CHICAGO, April 26—Wheat opened lower under commission house selling influenced by the weakness in Liver- pool and beneficial rains over most of the grain belt. Eastern houses bought on the break. May opened 101 ‘a, July, 104 to 103%; September, 107% to After the first half hour May, 1013/4. July, 103/5. September, 107%. corn Sej umbel. 83% to % f haif hour M-; 4135 to %; July, 42Y; September, 41%; to %. easier. When dense fog hung over Paris on a recent Sunday, autoists and umfi-u groped their way about streets in wilderment until late in the l!unm A Provisions were SHORT-' TEBH SECURITEES. Shdiany Bocking co. uufm'n“ ‘Borion Accep Cor OFFICERS NOMINATED BY BANK INSTITUTE Nominations for officers of Washing- ton Chapter, American Institute of Banking, for the administrative year 1930-31, were made this week as fol- For preeident‘ Prank M. Perley, American Securif Trust Co., now first vice pnddent for first vice presi- dent, Aubrey O. Dooley, Federal-Ameri- can National Bank, now second vice president; for second vice president, J. Fred English, Commercial )lmoml Bank, now chief consul, and Richard A. Norris, Lincoln National Bank, now treasurer; for treasurer, D. Georges National Bank, and (& Company. Am_Bric) J. Earle McGeary, W. B. Hibbs & Cn and Walton L. Sanderson, Federal- American National Bank. asamore For members of the board of gover-|siq ol Onio nors, four to be elected: Miss S. Winifred Burwell, National ‘Metropolitan Bank; Wilbur C. Dieter, Union Trust Co.; Gerald E. Keene, Sec- ond National Bank;. Robert H. Lacey, eoil:hm bs‘:cufll.t su!nn é &mfi‘é‘:‘é‘:’i’i Let rf y Bank; ‘Washington of Alexandria, Va. ——— BALTIMORE STOCKS. BALTIMORE, April 26.— STOCKS. undel Corporation Lastsales., | Security Ins new...38 Q Bausre D Co Thomecivs EIW 4808 © Stewart 'Warner ... 10 Continental 5 Consolidated 100 Fidelity & De 20 First National North Amer Co Sauare D Co B. Bark B a. 170 United - 2208 Fideh 1060 Unit Ratiwazs & Biée Income Js. 4% —_— Blondes are less sickness than brunette Martel Mills pf A. iway & Electri Stewart War 2% s & Guaranty United Drui C. H. !e-umcmt.-enlorlurpon on an i Atlantic Lnes. 1 P 2 n. DIVIDENDS DECLARED NEW YORK, April 26 (#).— 4 | Am Sugar Ref ufilkd $9,381, B'fl, or 13 per cent below ear lle to the holiday .’uoo:"' hlrjl'uenlkr 9920, In New York City they were e 234,000,000, or 14.4 per cent less, while in principai centers outside of New York total was $3,147,577,000, or 10 per cent less. The Companies. Alr Way Electric Appl!lm mflnch common_stock st 96 cents in un 1929 Lane Bryant, Inc, common stock- 10-year 6 per cent deben in ratio o!ubprmclmllmunt!orumhmn common held, Bulova Watch sales this 11 per cent ahead like 1929 and ship- ments 29 per cent ahead Bush Terminal earned $1.15 on com- mon stock in Hmhpg:-mr’m. against 87 income $404,125 year ago. Chicago Pneumatic Tool earned § cents on common stock in March quar- ter, against 81 cents in like 1929 period. Commmvuuh & Southern earned ;’o in fiscal 1930. year to ulrch 31, Oom rmducu ln: urmd $1.07 rch quarter, .nlm snnnmu lnlpeflnd Railroad earned 66 cents on Erie 3 flmm!efledswcklnunnhqunmr its common stock g Federal Screw Works earned $1.321 common in March quarter, stock in H Inlnlt $1.90 in like 1929 period. ———ee BANK CLEARINGS. Bank clearings this week at.leading citles in the United States of $9,381,- 577,000 are 13 per e:nt below those of last, 's Review. e e re . mm."" oncha s year. o mon! o ot S T 1y gt to R. G. & Co., and average daily clearings for the year to date, are com- pared herewith: o cent, Dec. 0. : 38 s Atl Gulf bs '5! Bell Tel, Pa, 63 (B), Brklyn Edison b Com Invest 5143 *49 Com Invest 6s'48. . recel hts to ' subscribe to | Co holders ive rig] C 7 East Cuba Sug 1%s Gen Cable 538 °47.. Gen Mot Ac Cor Gen Pub Sve 6% Gen St Cast 5% '49 Goodrich 6% Inland Steel 43 '78. Intl Match 58’47 Intl Tel & Tel C'fil IntI T&T 4%scv... Intl Tel&Tel KanG & E 63 '5: Laclede G 5% '5: Lautaro Nitrate 6. Liggett & Mye: Lorillard 51 North Am Ed No Am Ed 6% Nor States Pwr 5a.. Pacific Gas & EI Paramount 65 '47. Pathe Exchange 7s. Phila Co 55 '67. . Phila & Read 6549, Transcontl OII L % s United Drug 5s '53. U 8 Rub 1st rf 5 Utah Pwr&Lt 5s. Utilities Pwr S%- Walworth Wll'crth l“l 3l . er Sug 78 "41 w. ern Elec 5 n Union 5’51, V\ ‘estn Union 6%4s. . - - escs - o - @ tom ESTT T T PP PRS- 1- 171 PRS- = er ey NgNfl_Nu—h -8 Rio Gr Wst 1st RIArk& L ¢%s... St L IM&S gn 65 31. StL&SFpldsA... StL & San¥Fr in bs. . StP & KCShL 43s. Seaboard A L 4s sta Seabd AL adj 58'49. 3eaboard AL cn 6s.. SBAIFlaés'35A. Sou Pacref 4s..... Sou Pac 4%s rets. . Sou Pac 434 8'69 ww Scu Rwy gen 43 Sou Rwy €3 '66. Term Asso StL 5s. Un Pac 1st ret 5 Virginia Ry 1at 4%w78 ret. Wall Street Briefs By the Associated rnu. ‘The business of Pmduetleu,hnheenn Y% ms 108 93% 93% 98%. 98% 100% 100% 90% 90 92% 9% 101% 101% 96% 96% 69k 69% 90% 90 114% 114% 3 102% 102% 101% 101 101% 101% 50% 50% % 94 0% 0% 98 98 109 109 104% 104% 92 the Midland Steel | Sonl Estate ." E J. 4l lll. Tfill 9% 3% | Sha -Vnnuerbllt 103% ;;l; 2 \Slub S¥as. ight Co. 92% Wash, (1 1ot | Rorfoll &, Moy, ¢ 961, | Potomac ‘Power 6% oy | Eox M, Fowes Bl 3! ST4 | wasm: BN fl‘:%;:“.n::’- 12* ‘Wash., Balt. ptd.. Capital (14). “"' oS...?m.‘ (13) Amer. Herchants Unior 104% | Washington Loan & ‘Frus 92% SAVINGS BANK. 108" | Bank of Betnesds Commerce & iga st Washinston 109 FIRE INSURANCE. American (13). Corcoran (10)." Piremen's National U) 8 sB8feuls 33EE 2e8 Title ulas, president, said wdly. that it has It&cmhflp e Corporation was newgn‘nn( for | Woodw: terest in the 825235 er. Pedou Ammnn pid nston, Monotype @ Mtge. See b lll’*!: Storay Ry A Wash Medical Bl 51'. oD *Ex dividend. B Books closed. pase extra. 8% extra. Wi—When ‘issued. Unlnted Department. 5588 azm S EE TR grecemmnaifone 0 Brazil nuts gathered in Brazil this season weighed more than 17,500 tons,