Evening Star Newspaper, April 27, 1930, Page 72

FINANCIAL. RAIL BONDS FIRM AT SHORT SESSION| gz w. Close. 98.26 Lib3%s 1"1\‘1....,1008 100 l 1001 -.9 101.23 100.10 Lib 1st 435 1932-47. 101.15 101.8 10L15 +.7 108 102.10 100.28 Lib 4th 418 “l'l'll. 101.28 101.16 101.25 +.9 4 Convertibles Irregular, With Stocks—Amusement Group Continues in Favor. BY JOHN L. COOLEY, Associated Press Pinancial Writer. NEW YORK, April 26—Railroad bonds, firm in a dull mu.rket. featured the Bmumly llldln‘ Convert- Nlckfl Plate d%l Baltimore & Ohio 88 of 2000, New York Central 5s, Frisco 4%s, Wal bash “C" 415s, Erie 5s and sc Paul were prominent, ruling un int hlaher its im- provement of yesterday. Santa Fe gen- eral ased. 48 e American Telephone convertible 415s, heavy with the stock, dropped between 2 and 3. International Telephone 4158 rose a point. Amusement issues showed early strength under the leadership of General Theaters 6s, up 4 points. Pathe 7s and Shubert 6s were fairly active and 2 to 3 points higher. Warner Bros. Picture 6s sagged fractionally. ‘The non-speculative listings were gnmxly firm, but there was compara- vely little interest in the industrials and utilities. United States Gove'rnmenu Ind for- eign bonds were dull and firm. AUTO SALES GREATEST IN LOW-PRICED FIELD About Two-thirds of Cars Now Being Built Will Sell Under $1,000 Mark. @pects] Dispateh to The Star. being manufactured by the divisions of the corporation. A 1lel amndon. lp{ltno.;luly 50, reflected the al sales demand as far as the en- tire industry is concerned, indicating an even mkr pmdcml.mnee for the lowest-priced cars. For them the bility of added im- provement as favorable weather ap- es is conceded to be greater than sale, neglected. Demand for young chick- ens, especially large Springers 2 pounds and over, very good, and all such stock meets with ready sale at 35 to 38 cents a pound, but smaller will over 30 to 34, while Leghorns 27 to ”d Large, smooth, fat, as moves slow at 23 to 25. Old hens in better demand the past week, under moderate receipts, the mar- ket lhn;l an ;&ism“ ;.'. ndm :o;z: fowl we! pounds and over, Hm% not bring over 23 to 25, and all poor, thin fowl is neglected at 18 to 20. ld roosters in ample re- eeipts and slow sale-at 15 to 18, A fair demand mmu for choice, fat, young ducks at 23 to 26, but common, thin ducks are hard to move at 17 and 18. Market for guinea fowl and pigeons holds. steady at 50 to 75 each for the for- mer and 30 to 35 a pair for both young and old of the latter, The market for old stock white po- tatoes unsettled and values lower at over 2.25 to 2.40. for sweet potatoes and yams has shown an _improvement the t week, and, under a good demand, the market is Wnnnwam-melmm former and 4.00 to 4.75 a barrel for the. latter, but it takes weil graded No. 1 stock to bring top values. Garden Truck. Market for native and nearby gar- truck continues steady under a fairly good demand at the following otations: * Asparagus, 4.00 to 6.00 ; kale, 20 to 35 bushel onions, 50 to 225 per hundred pounds and 00 to 125 per hundred for nearby ‘The live cattle market continues easy, with values a shade lower on some lines and only a fair demand pre- vailing, which is centered entirely on first quality stock. Q\mnlom today at Light Street Whart first quality, to 10; eomm Bulls, as to quality, 6 to Cows, choice to fancy, 6 to 7; common to fair, 4 to 5. Oxen, as to quality, 6 to 8. Calves, Veal, choice, 12; large, m. 10 to 11; , rough, 9 to 10; thin, 7 to 8; rough and common, 6 to 7. sheegl choice, b. 0ld bucks, 3 to 4. Fall lam| 0 to 12. lrfln( lambs, fancy, 40 to 45 pounm, to 13'5; choice, 10 to 12. Hogs, raight, 10. Sows, 8. Live pigs, 12 to 18, Shoats, 10 to 12. WEEKLY BANK CLEARINGS NEW YORK, April 26 (#).—The weekly statement of the New York Clu.rtn( House shows: Total surplus and undivided profits, $1,171,246,200, unchanged. “Total net demand, deposits (average), 468,676,000, increase, Tim deposits (lverln). $8,288,000, n:Jl'e;'flnn, week endlnl today, $7,352,- “-Clearings, week ending April 19, $6,- j‘ci.l‘:nnu. this day, $1,977,445,732. THE SUNDAY STAR, WASHINGTON, BOND SUMMARY FOR THE WEEK 100.19 101.24 101.21 106.17 109.4 113.14 109.24 U S 438 1947-52. FOREIGN. 100 95 Argentine 5s June 99% Argentine 6s A '67 94% 4 Australia s 102% Austria 7s°43.. 92% Bank of Chile 63857 Bank of Chile 6 96 Belgium 6s 65 Belgium 7% Belgium 8s'41. Bolivia 7s ct 6 Bordeaux 68 '34 Brazil 6% 1926-57... Brazil 8s '41 Canada 5s°'52. Chile Republic Chinese Govt Ry bs Colombia 6s 1961 Jan. Copenhagen 68°62. ... Czechoslovakia 8s '51. Denmark 5%s 1955. Denmark 6s'42. Dutch East In Dutch East In Fiat 78 '46 war. Finlang French 7 French T%s German Bank Greek 6s 196! suu 6s'60 98.30 US3%s 194 99.1 US3%s194 Kreug&Toll 6s ot wi'69. Mexico 45 1904-654 Milan 6%s '52. Netherlands 6s *72 New South Wales’ Norway 6%s Orlent Dev 5%s '57. Paris-Lyons-Med Paris Orleans 5145 1968 Peru 6s 60 Peru 7s. Pirelli Co of Italy 7 '52 Poland 8s'50. Quunmna 684, land 7s *41. mnlncnn 7 Rio de Janeiro 8 Rio Grande Dn Sul 6 Vienna 6= 19562 Warsaw 7s 195! Yokohama 6s ‘61 MISCELLANEOUS. Abram & Straus 5%s'43.. 103% 10: Alleghany Co cv 58 "44 4 Am Agri Chem 73%s'41 Am Beet Sugar 68 '35. Am Chain 65 1933, AmIG Chm5%s1949... Am Internation 5%s 49 Am Natural G 6%8 42 Am Sm & Ref 15t 68 '47. Am Sugar Ref 6537 Am Tel&Tel cv 4383 Am Tel & Tel s £ 5s. Am Writ Pap 654! Armour & Co 438 Armour of Del 5% Atlantie Ref deb b Bell Tel (Pa) ret b 99% Beth Steel p m 6536 Certain-teed 5% 1948 Chile Copper 65 *47. Colon Ofl 65" Columb G & E deb bs ‘62 Comm Invest 5%s ‘4 Comm Invest deb 65 '48. Con Coal (Md) 1st ref bs. Detroit Edison ref 65'40 Dodge 68°40. . ., Duquesne 4% g 196’ East Cuba Sug 7% ‘37, General Cable 6% s 1947 Gen Motors 6s 3 Goodrich (B F) 6%8 47, Goodyear Rub 58 1957 Humble O & R 5%s 33 Iniand Steel 41481978 Inter Paper 65 A '47 Int Tel&Tel cv 4%s Kendall 5% s 48 (war) Manati Sug Midvale St Montana Power 58 Nat Dairy Prod 6%s Nat Radiator 6%s 19 New England Tel 68 '62. NY Edllon ll;gl%l 41, Northern States Pow § Pacific Gas & El bs "42 Philadelphia Phil&Read C&I wi Philips Petrolm 5% #'3! Postal Tel & Cab 68 '3! Sinclair Crude Ol Sinclair Pipe Line 5 Southwes Bell Tel 5 Sugar Est Orlente Tenn Copper 6s 44 B Transcon Ofl 6348 '38. United Drug b U 8 Rubber 1st & ref U 8 Rub 7%s'30. . Utah Power & Ligh . 100 Utilitles P& L 6%s47... 92 DEFINITE IMPROVEMENT SEEN IN BUSINESS Special Dispatch to The Star. CLEVELAND, April 26 —Definite im- provement in the business situation is seen by the Union Trust Co., Cleve- land. In its current survey of trade the bank reports increases in auto- mobile production, in building, together with some indicated improvement in employment and retail trade. Further gains are forecasted as the season ad- vances. On the other hand, the bank points out that actual records for the first quarter of the year indicate not only the substantial nature of the depres- sion through which the country has been passing, but show that its effects have as yet by no means been over- come. UNITED STATES novnmnm' m"’fir‘.. 8o % Walworth 1|7fl!€ 9'* Walworth 6% Western Union 99% Wilson & Co 1st 6s *41 100% Youngstown Steel 5s'78 R SEE 102% 100.4 103 100.2 100.14 +.6 100.14 +.12 104.8 104.25 106.1 106.11 111, 1114 87TH ot T 981% 981 FAEHL0 Balto & Ohio 5s°48. Balto & Ohio 6s '95. ¢ RS - & FFEEE FEFS .P‘ ® Brooklyn Manh Canada National 4% 8’54 Canadian Natl 43867 Canadian Pacific deb 4 Central Pacific 48 '49. Central Pacific 58 1960 4 [0 - *F ¥ OEFEE EES EsEsEsELEEsEs P14+ V444404 | © '3 Chic Northwest 7s Chicago Rys b8 ‘27 | BT T - £ BEES ++ | - A F EFFFR FF e v+ Flor East Coast FondaJ &G 4%s'52 Grand Trunk s £ deb 6 Grand Trunk 7s "40. Great North gen 7s 36 Havana Elec Ry 6% Hudson & Man adj 65’67 Hud & Man ref 58 '57. Illinofs Cent ref 4s 65 Inter Rapid Tran Inter Rapid Tran o Int & Great Nor adj Inter Ry Cent Am 6% Kan City South 35 1950, Kan City South 58 Kan City Ter 1st 4 Lake Shore 4s '31. Lehigh Val cn 48 200 Louis & Nash uni 48 Market St Ry 7s A *40. MU EIR&L 1st ref MStP&SSM6%s Minn & St L ref 4549 Mo Kan & Tex 1st Mo Kan & Tex adj s 4 MoKl-nhT‘!Drln SA Mo Pacific gen 4s° Mo Pacific 58 A "5‘ Mo Pacific 5s F'. Mo Pacific 58 G. Mobile & Ohilo 4%s 77, Nassau Elec 4s ‘51 +4++ FEFE Q“:“;I'L * F OEF FEFFEFEF » EEE '+ Norfolk & W cn 4s'96. North Pacific 3s 2047, North Pacific 48°97. .. North Pacificr 163 2047.. Ore Wash 1st ref 48 '61... Pennacn 4%s1960. Penn gen 4%s '65. Penn 4%s 6. Penn gen 65 Penn 53 1964 Penn 63%s '3 M L LI b SELSEERE | o & +4+ LiE Ed +i4 ws [0 & ® 3 & | & H 1+111 R oepxss [RE 3 +hth e & 23 £s Seaboard A L ad Seaboard A L con South Pacific col South Pacific ref ¢ South Ry d.v 6% Third Ave 1st ‘Third Ave adj Union Pacific Union Pacific 4s *6! Un Pacific ref 4s 200! virginia Ry Va Ry & Power 68 '34. Wabash 4181978 Wabash 1st 68 °39. Wabash s B 197 Wabash 6%s ‘756 West Maryland West Maryland § Western Pacific 68 46, West Shore 1st 4s 2361. .. SLIGHT GAIN NOTED 103% 100% 9% **F“#*f## ##F}‘;F#S*S FEE FEL 100% 103 96+ 86% + % 100% — % 99% 99% + W 9% 91% — % +h 4+l bl+ F1 04410+ STEEL OPERATIONS. NEW YORK, April 26 (/).—Opera- tions in the Youngstown steel district next week, according to unofficial esti- mates, will remain unchanged at 70 per cent of rated capacity. Thirty-nine of the 51 open hearth furnaces in the dis- ict, be active, an increase of one over the week now ending. —. Wife Beaten 1,132 Times. CHICAGO, April 26 (#).—Married in 1908 when she was 14 years old, Mrs. Della V. Toomey told Judge Joseph s-- baih yesterday that her husband beaten her 1,132 times in the terven: ing 22 years. That was often enough, Judge Sabath :i‘lm without a recount, to warrant a vorce. STOCK AND BOND AVERAGES By the Associated Press. SATURDAY, APRIL 26. STOCKS. 50 Industrials. 196.5 20 Rails, (Gopyright. 1930, Standard Statisics Go.) IN STEEL OUTPUT Expected Seasonal Downturn in Production Has Not Yet Appeared. Special Dispatch to The Star. PITTSBURGH, April 26.—A favor- lb]e symptom in steel is that produc- n has been sustained to the Srmnt um and has even increased slightly, when in an ordinary year a seasonal downturn has generally begun by the end of March, Bars, shapes and plates have been qquite easy in the East, but a m‘g: sonczpuon of the market prennn it being considered a weakening in whole market and mills contend !hlt these products are still rllrly quotable at $1. !0 Pittsburgh. the De':rnn market there is what a'gzn ‘weakness, but the fact is t it is qulu a while ago that a Cleveland mill began quoting f.0.b. Cleveland the Pittsburgh price, or even less. Elimination of the “Pltuburlh plus” pricing system ordered by th e Federal Trade Commission in July, lfll‘- gone further in actual practice than the commission required. — NEW YORK BANK STOCKS NEW YORK, April 26 (apechl).— The market for bank stocks and shares was irregular today. s Honal at 169 closed up 1, point, N tional City, 225, off 2%,: Equitable, 1 up o Guanmy. m off 2; Banl America, 141, off 2; Bankers, 176, off 1. Bank of Unlud "States, , off ‘Trust, off 5; Central P Chatham Phenix, 136, off 1; Commereial, 637, off 3: Con< tinental, 40, off Y%; Corn mhnuo. D. C, APRIL 27, NEW YORK STOCK EXCHANGE (Continued From Second Page.) Low. _ Stock and_dividend. I'A Reis (R) &C0.eovvvnnen 26% Remington Rand (1.60). Remington 1st pf (7)... Rem Rand 2d pf (8) Reo Motor Car (.80) Republic Ir & Stl (new). Rep Iron & Stl pf(n)(6). 95% 95 Republic Ir & St pf (7).. 114% 114% 24% 24 A Reynolds Tobacco B (3) Rhine W Elec Pwr(2.16) 56% 9% 97% 9!%—-% Skelly O11 (2).... Sloss-ShefMeld St1 Dl('l) Snider Packing Co. Snider Packing pf. Solvay Am Inv w 8o Por Rico Sug (3).... Southern Calif Ed (3)... Soouthrn DairiesA (1%) Southern Dairies B..... Spalding A G 1st pf fl). Spang Chalfant & Co. Spang Chalfant pt (6)... Sparks Withington (1).. Spear & Co..... seee Spencer Keliog .60} Spicer Mfg. Spicer Mfg pf (3) Splegel-May-Stern (3). % Stand Brands (1%).. Stand Brands pf (7).... Stand Comm Tobacco. Stand Gas & El (3%)... Stand Gas & El pf (4) Stand Invest Corp. . Stand O of Cal (23%). Stand Oil Export pf (I). Stand Oil of Kansas (2). Standard Oil N J (12). Stand OfI N Y (1.60).... Stand Plate Glass. Stand Plate Glass pf. Stanley Co of America. . Starrett (LS) (13%). .. Sterling Sec A).. Sterling Secur pf (1.:0). Sterling Secov pf(3)... Stewart-Warner(h 3%). Stone & Webster (4). Sweets Co of Am (1), Symington. .. Symington Class A. Telautograph (11.30) Texas Gulf Sulphur Texas & Pacific (5). Texas Pacific C & O ‘That'er Mf pf (3.60). ‘The Fair (2.40). ‘The Fair pf (7). Third Avenue, Third Nat Inv (2) Thompson J R (3.60). Thompson Prod (2.40). Thompson Starrett Co. . Thomp-Starr pf(3%)... Tide Water Asso (60c). . Tide Water As O pf (6). Tide Water Ofl (80c). .. Tide Water Ofl pf (5) Timken Det Axle (80c) Timken Roller Bg (3).. Tobacco Products. Tobacco Products A.... Transcontl Ol (30c).... Transue & Willlams (1). Trico Products (2%). ‘Tri-Continentl Corp. Tri-Con Corp pf (6).... Truax-Tra Coal (1.60).. 33 Truscon Stl (g1.20) 18% Twin City Rapid Tr (4). 64% Twin City Rap Tr pf(7). 97% Underwood-Ell-Fish(§). 116% 111% 112 235, off 3%; Empire, 95, off 1; First National, 6375, off 25 Interstate, 53%%, up %: Irving, 65, off Y; Manhattan, 141, off 2; Manufacturers, 142, off 1; New York Trust, 312, off 3; Public Na« tional, 144, off 3. Chemical at 83 was unchanged. . Established 1899 MONEY TO LOAN At 5%4% and 6% Interest Flul Mortgage Loans 1o Aritngton Coun Commonwealth Investment Co., Inc. 800 15th 8¢ N.W. Phone Nationa) 3823 Mortgage Loan Correspondent for Tho Prudential Insurance Co. of America SAFE—SECURE 7% First Mortgage Notes in convenient denominations $100 and up Secured on conservatively appraised residen- tial properties (homes) in northwest section of ‘Washington. The notes are not subject to fluctuation and risk of loss is eliminated. PHONE OR WRITE US—We will be glad to show the properties om which these motes ave secured. McKeever and Goss Realtors 1415 K St. N.W. bers Mortgage Bankers Association of Americe 1930—PART SIX. Steck and dividend. llb lll " Underwd-Ell-F pf (1) 16% 10 UnionBag& Plp.riés Union Pacific pf (4 Union Tank Car (1.6 United Afrcraft.... United Aircraft pf ( United Biscuit (1.60). United Biscult pf (7. Utd Bustness Pub Utd Carbon (3). United Cigar Stores. United Cigar pf.... United Corp. ... United Corp pf (3). United Elec Coal. United Fruit (4). Utd Gas & Improv (1.30) United Gas Imp pf (5).. 7% United Paverboard. Unit Plece Dye W (2) United Stores A. . o444 Liadld i+ o Hoffman Mch (2) Indus Alcohol (17) S ERere® g - FUSErsss reFars 2B Yre 2T ER FeaBids e Univ Leaf Tob pf (8)... Univ Pictures 1st pf (8). Univ Pipe & Rad. Utah Copper (16) +++ ++++|||l||l'|1+l|l!+'l+l+ Va Iron Coal & Coke (pf) Vulean Detinning (4). .. Vulcan Detinning A (4). Vulecan Detinning pt (7). Warner Bros Ple (¢ . Warner Bros P pf (3. 20) Warner-Quinlan (1).... Warren Bros (new). ‘War'n Bros 1st pf (3 ) n. Warren Fdy & Pipe (3). 5% Webster-Bisenlobr..... Webster-Eisenlor pf (7) Wells-Fargo Express. .. Wesson Oil & Snow (2). Wesson Ofl & 8n pf (4). West Penn Elec A (7)... West Penn Elec pf (6).. West Penn Eleo pf (7).. West Penn Power pf(6). West Penn Power pf(7). of. Western Union Tl (8).. Westinghouse Alr B (2) Westinghouse E & M(5) Westinghse E&M pf (5) Weston Elec Inst (1)... West Vaco Chlorine(2). g;ftl.rk Radio Strs.... FHIVL S T+ i+ 1+ F 10 v+ 1+ v+ LRI ++ e RRE s xsFae¥ianfasFess Whi ing White Sewing M pf (4) Wilcox Oil & Gas. ... Wilcox & Rich (A) 3%. Wilcox Rich. B (2).. Willys-Overland. . : Willys-Overland of (7). - : FEE Worthington Pump. ... . Worthngton Pump A(7) Worthngton Pump B(6) Wrigley Wm (4) Young Spring (3)... Youngston Sheet & T (5) Zenith Radlo.......... FEEE L IF R L L ) F++ 10401 ++ PINANCIAL. Wm. Gordo? Buchanan Councilor & Buchanan Certified Public Accountants Tower Building. National_6110-6111-6213 (Telephone Directory Omission) INVESTMENT STOCK qum Pl Convertinl RO i mxchanse; Fialds over 8%, Recommended. Courtland Nizon, 1518 K St. N.W. Nat.192¢ ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 64th lssue of Stock Now for Subseription g Money loaned to members on easy monthly payments R . iy Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes Bearing 6149, Interest In Denominations of $260.00, $500.00 and $1,000.00 Consute WELCH Reatter Loan Specialist Savings & Trast n W TG N Walonal 4516 Lt & Money To Loan Property in the District of Columbia First Trust Only | Immediate Attention Wm. H. Saunders Co., Inc. | 1433 K St. N.W. Dm. 1015 " Money to Loan Joseph | Weller 8 Wesb 1.8 Tram The Commercial National Bank Savings Deposits Bear Interest on Daily Balances sxlsrede s 42V L4410 from Day of Dwodt to Day of Withdrawal. Com- pare this method wm: usual method of computa- tion. Call and let us ex- plain, Other Departments are equipped t.t; ‘lerve ;ou The Bank of Personal Service 14th & G Sts. N.W. Resources Over $20,000,000 First Mortgage Loan " Applications Invited at 5)5% Construction Loans Glover & Flather 1508 H St. N.W. National 1753 First Mortgage Notes FOR SALE In Denominations of $250 and Upwards JAMES F. SHEA 643 Louisiana Ave. N.W. INCOME THE ADVANTAGES INVESTMENTS INVESTMENT DEPT. BRODIE & COLBERT lae. 1707 Eye St. N.W. National 8875 National THERE National 4750 B. F. SAUL CO. FI RS MORTGAGES of investment in our FIRST MORTGAGES have these very inviting fea- tures: Investment for a term of years. Secured by conservatively ap- praised income-producing real estate. Paying a fixed interest throughout the life of the mort- gage. Principal returned intact at maturity. May be purchased in amounts from $250 up—on convenient partial payment plan. 2100 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY Expe-nfienedAdverttsersPrefer T heSt