Evening Star Newspaper, April 29, 1930, Page 14

A—14 o STOCK “SWITCHING CAUSE OF WARNING Better Business Bureau Finds Many Investors Being Defrauded. “Switching” investors from good stocks to bad, an old trick used to defraud unwary investors, has brought many recent complaints to the Na- tional Botter Business Bureau, Edward L. Greene, general manager of the bureau, warns in an announcement which describes the “switcher’s” meth- od of operation and advises on how to avoid it. He points out that honest salesmen FINANCIAL. or brokers who recommend the sale of any securities encourage and aid investors to obtain all of the facts. ‘They do not discourage independent investigation, nor do they switch their clients from good stocks to bad. How Swindlers Work. Describing the swindler's operation, Mr. Greene states: “The dishonest ‘switcher's'’ method is to deride the value and future prospect of your stock. He may tell you your stock is now worthless, or that it will shortly tumble in value. He gives various reasons in support of his contention. Yet he offers to take your ‘bad’ investment off your hands, and absorb the ‘loss’ him- self, if you will exchange it for the particular issue which he recommends. He urges immediate action and en- deavors to clinch the switch at one interview.” As evidence of the shrewdness of the raiders of sound securities, the bureau reports that “switchers” some- times create confidence in themselves and lay the groundwork for their swindle by first selling sound securities to their future victims. Later the “gwitcher” returns with dire informa- tion about the stock and recommends an immediate switch to his question- able, if not worthless, security. Urges Obtaining of Facts. To avold being duped, Mr. Greens urges investors to get the facts before taking any action. He suggests the following procedure to stockholders who to trad: in their present holdings: Investigate the reliability of the salesman and the house he represents. Investigate the security offered you in exchange. Has the company a succes- sul record? Has the security a gaod dividend record? Has the security a earnings record? Has the secur- ty sound future prospects? Has the security & quick resale market? Has the security a loan valu: at your bank? Has the security a r market price? Investigate, if necessary, the security you are asked to trade in with the same thoroughness. Givwe the company ‘whose securities you hold an oppor- tunity to present its side of the story. Any Better Business Bureau or any financial institution of good repute, the official states, will aid investors in get- ting the facts. Washington Stock Exchange SALES. Washington Gas 6s “B"—$500 ll 105%. Barber & Ross 6155—$1,000 at Potomac Electric 515 % pfd.—5 lt wu/.. Federal-American Co pfd.—10 at 100, ‘The Carpel Corp,—!o at 26%, 50 ‘at 26%. AFTER CALL. Potomac Electric 6% pfd.—1 at 112% ‘Washington Rwy. & Elec. 45—$1,000 at sacostia & Potomac R, R. guar. Ss— 6,000 at 95. Bid and Asked Prices. BONDS. PUBLIC UTILITY. . Tel. & Telga. 4%s '33. Amer; Tel. & Telen, 40 g‘ Tel. of Va. mn :ucuon R, ash. Cons. STOCKS. PUBLIC UTILITY. Tel. & Telga. (9) gunnl Traction ®) Lig! NEW Blnmbeu uz) h. Wash Wash., Bait. & An NATIONAL BANK. atl. Bav. Tnion 'nun (8 ‘Wash. n & United States (30). Washington Mechan: FIRE INSURANCE. American (12).. Corcoran (10) Firemen's (9! National Unior TITLE INSURANCE. MISCELLANEOUS. Barbar & Ross, Inc. com Datry' pld ' Paper Sie, st Nath: sqc&nue pxe @ my American pfd. (6). Tancion Monotgpe (8). - Merch. Tr. & Stor. com. Meren: Tr. & Blor. ofa )r"{zr‘nmhnl!r Linotype (7n). FiWhen Issued. School Busses Clrry Produce. CROWLEY, La, April 29 (#).— School busses are bringing added profits to farmers in this Louisiana rice-grow- ing section. Drivers pick up poultry, €ggs and cream and take them to school with the children. There the products are weighed, iced and sent to market. Virginia Farmers Go to School. RICHMOND, Va. April 29 (P).— Leaving their fabled nreflde after dlmkl to learn new methods of farmi ) Virginia farmers took vouuon ing last year in 150 high schools. 800 atne 481 26% 102 96 Recelved by Private Wire Direct to The Star Office. (Continued From Page 13.) ~Prev. 1030.~ Stockand Sales— Prev. High. Low. DividangRate, | A6400.Mish. Loy. Close. Closs. 32 23 IntertypeCorp(3).. 4 29% 29 30 29 19 Investors Equity(3). 7 221 22 59 43 JewelTea (+4)...... 21 56 54 56 148% 107% Johns-Manville (3).. 75 118 106% 110% 108% 123 118% Johns-Manv pf (7)..240s 120% 120% 120% 120 128% 118% Jones & Laugh pf(7) 150s 123 122 122 128 6% 2 Jordan Motor Car. 9 3% 3% 3% 3% 86% 77 Kan City Sou (5).... 7% 76 19 11% Karstadt (R) (1.03). 13 13 ann DS (1%). 19% 30% Kayser Julius (4). s 30% 31 Kelly-Spring Tire. .. 4% 20% Kelly-Spring 8% pf. 20- 221 Kelsey Hayes (2). 714 Kelvinator Corp. 821 Kendall Co pt (8). 47% Kennecott Cop (5). Kimberly-Clark(13). Kinney (G R) (1) 86% Kinney (GR ) pf 1% Kolster Radlo..... 381 Kraft PhCh (1%). 98 Kraft Ph Chpf(6%4), 30% Kresge(SS)Co(160) 26 114 110 Kresge (8S) pf (1).. 108 70 56% Kress (SH) (1)..... 35% 233 Kreuger&Toll (1.34) 23 48% 354 K-onrarnmkmn. 180 113 = 97 Lambert Co(8).. 19 msu. 105 Leh Port Cm pt (7). 1108 12 Lehlgh Valley Coal.. 6 :m' 32 Leh ValCoalpf (3).. 1 70% Lehigh Valley(1434) 89 Lehman Corporation 29% Lehn & Fink (3).... 19% Libbey Owens (1). & My, Link Belt (2.60) 52% Liquid Carbonie 2% Loew's, Inc (3)..... *s, Ine pf (8%). & Loswsptaw %) 3% Loft, Inc 50% Loose-Wil 126 118% Loose-Wiles 1st (7). 28% 16% Lorillard (P) Co.... 97% 92% Lorillard (P) pf (7). 51 384 LouG & El(A) (1%) 1% Louisiana Oil. . 1381 128 Louts & N: 4% 44 86% 143 McLellan Stor 70 Mack Trucks (§). 189% 132 Maoy (RH) & Co(n1) 34% Magma Copper (5). 4% Manati Sugar. . 18% Manati Sugar pf. 25% Man Eleo Supply. 30% Man Elev mod (46).. 19% Man Shirt (2)....... 5% Maracaibo O1l Exp. 20% Marmon Motor (3). 465 Marshall Field & Co 371 Mathieson Alkil (3. 49 May Dept Strs (n2) 16% Maytag Co (12) 15% Mengel Co (2) 23% Metro G P pf (1. Mex Petrol: (vu). 16% Mexican Seaboard. 22 Miami Copper (4). .. 53 Michigan Stl (m2%) 23% Mid-Cont Petm (2).. % Middle States Ofl ct. 87 Midland Steel (3)... 90, Midland Steel pf (8). 123 Mo Kan & Tex p£(7). Missouri Pacific. 146‘4 134 Missouri Pac pf Mohawk C Mills (3). 48% Monsantq Ch (g1%). 13 35% Montgom Ward (3).. lBB 3% Moon Motor: 58% Morrell & Co (4.40).. 8 81% Morris&Essex (3%) .. 100l 4% Motor Meter G & El. 50 - Motor Products (2) 26% Motor Wheel (3). 12% Mullins Mfg. . 46 Munsingwear (14). 18 Murray (b2 %stk) 35% Myer(FE) & Bro(: Motors l').... 71 Natl Biscuit, n(2.80). 70 53% Natl Cash Reg.A(14) 115 45% Natl Dairy (32)..... 146 20 Natl Dept Stores (l) 3 88 Natl Dept St 1st (7). 100. 187 Natl Lead (18)...... 138Y% Natl Lead pf(A) (7). llOl 116 Natl Lead pf(B) (6). 20s 11' 32 Natl Pwr & Lt (1)... 167 Roremm - BrouSeac 5 108% N ¥ Chi & StL pf(6). 28% N Y Invest (1.20)... 108% N Y N H & Hart ( 13% N Y Ont & W % 2 NY Rallway: % 100 N Y Steam pt § 03% 5110 N Y Steam 1st pf (7) 113% 113% 113% 113% 226 Norf & Western (10) 245 244 244 246% 124 North Am Aviation. . 14% 13% 14% 18% 93% North Am(b10%stk) 122% 119% 121% 123 51 North Am pf (6). 2 556 65 55 65 100% North Am Ed pf (6. 104% 108% 104 103% Northern Pacific (6). 83 85 96% 8214 North Pacific ct (5).. 82 83 4 % Norwalk Tire & Rub. 4 2% 2% 2% 15% 9% Ofl Well Supply. 12% 18 30 29% 40 43 70 OUVFrEqQpPIfA (6).. 85% 86% 2% Omnibus Corp. .. 2 w 5% 6% 43 Oppenheimer Col (5) 2 g8 Oprheum Crpf (8). 1608 92 80% 704 Otis Elev, n(234) 126 118% Otis Elev pt (6) 387% 301 Otis Steel (%) 98% 91 Otis Steel pr pf 60% 52% Owens,Ill Gla: 19% 15 Pacific Coast 2d pf... T4% 52% Pacific Gas & El (3). 107% 72 Pacific Lighting (3). 66 101% 178 140 Pacific Tel &Tel (7). 4308 um 157 23% 15% Packard Motor (1).. 352 18 6014 50% Pan-Am Petm (B)... 4% Panhandle P& R.. 48% Param'nt Publix (4). 157 25 Park & Tilford (33). 19 24 Park Utah. 6 " lll% - 2] 10!% 261 Penick & Ford (1)... 63 Penney (J C) (3) 931 Penney(JC) pt A(6) 6% Penn Dixie Cement. . 30% Penn Dixie Cmtpf... 50 50 72% Penna RR (4). % 8% 'nvs 58 Peop Drug Strs(1) 5 58 58 58 230 People’'s Gas, Chi (3) 2 309 300 309 819 94% Pere Marq pr pf (5). 100- 88% 98 98 35 36 37 20% 21% 21% 8% Philip Morris (1).... 1 12 12 12% 29% Phillips Petrm (n2).. 480 Al% 42% 4% 6813 Plerce: Arrnw or(e). 1 79 79 9% 28 2% 2% 2% 45% 4b% 6 6% 32% Pillsbury Flour ] 6 33% 33% 44% Pirelll of Italy(3.14). 46% 46% %5 54 Pittsburgh Coal. . 2 55 56 110 89 Pittsburgh Coal pf.. 86 103 100 Pitts Steel pf (7). JOOI l\)l% lfll % 101% 15% 8 Pittsbgh Trml Coal. 2 10% 10% 45 36 Pittbgh Term Cpt 38 22% 20% Pittston Company 22 34% 27% Poor & Co (B) (2) 27% 76% 59% P Rican Am To A(T). 66 12 P Rican Am To (B). 19 97 Postal Tel & C pf(7) 99% 45 Prairie Oll & Gas(2) 4 48% 54% Prairie Pipe L (16).. b54% 1 95 78% n 2 81% Pub Serv.] N J 3.4 ). ll‘% 112% 115 81% Pullman Corp (4)... 54 8% 8% 2% Punta Alegre Sugar. 2% 21% Pure O1l (1%) 25 72 Purity Bakeries (l). 5 % 34% Radio Corp. ... 3288 6315 53 RadlopfA (3%).... 2 6% 68 Radio Corp (B) (5).. 7 81 50 19 Radlo-Keith-Orph A lllfi 42% 58% 38 9%, 46% 48% | 141% 116 4 111% 111% 647 44% Rea) Silk (5)... 55% 5% 3% Relis (Robt) & Ct 1 3% Rand (1.60). 40% 39% 40 24 p2(8) ., 108 102 102 - 102 - 43 2% 0% T2% 1 mo% 100% 100% 100'/. —PII' lllln- Stock and Bales— Dividend Rate. Add 00. High. mu Reo Motor Car (80c). 66 Rep lron & Stl(new) 96 Rep Xrl!tl v!(n) ) 49% annldl ‘Tob B (3). 22% Richfield Of1 (2)..... 16% Rio Grande Ofl (2). 37% Rossia Insur (2.20).. 49% Royal Duteh (23.20). 93% Safeway (e5: 9% 94 Safeway pf (). 109% 105% Safeway Strs pf (7). B57% 45 St Joseph Lead (13). 11!% 107% St L-San Fran (8)... 92 St L-San Fran pf (§) 70 59% St L Southwestern..; 81% Sears Roebck (!2%) W. Second Natl Inv eca Copper-. .. T Servel. Ine, 22% Sharon Steel H (2).. 17 Sharp & Dohme..... 36% Shattuck(FG)(t1%) 25% 21 Shell Union (1.40)... 100 Shell Un Ofl pf (5%) 8% Shubert Theatre: 43% Stmmons Co (3) 22% Simms Petrm (1.60). 21% Sinclair Con Oil (2) 287% Skelly O11 (2). 5 Sloss Sheffield 5% Snider Packing.... 23% Snider Packing pf... 95% Solvay Am pf(5%).. 24% So Porto Rico Sug (2} 117 So Port Ric S pt (8). 56'% Southern Cal Ed (2). 18% Sou Daliries,A (1%) 3% Sou Dairies (B) 119% Southern Pacific (§). 110 Southern Rwy (8) 98 Southern Rwy pf (5) 33 Spalding (A G) (2).. 108 Spalding 1st pf (7).. 19% Spang-Chalfant. . 13% Sparks Withngtn( 6 Spear & co. « 3615 Splegel-May-S (3).. 22% Stand Brands (1%).. 5 Stand Comm Tob.... 109% Stand G &E (3%) 64 StandG&ERf (4. 10 Stand Invest Corp. .. 56% Stand O of Cal (3%). 98 Stand Oil Exp pf(5).. 87% Stand Oil of Kan (2). 58 Stand Oll N J (t2) THE EVENING STAR, WASHINGTON, D. C, NEW YORK STOCK EXCHANGE 22 .2527 31% Stand OfI N Y (1. o) Gso 1% Stand Plate Glas: 4 Stand Plate Glas, 33 Starrett (LS) (fl\‘) 10% Sterling Sec (A) 26% Stewart-Warner 77 Stone & Wi 36 Studebak: (6)... Co 116 Studebaker Co pf(7). 1803 5% Superior Oil. 20 Superior Steel 8% Symington (A). 15% Telaut Corp (11.30).. 13 Tenn Cop & Ch (1).. 50% Texas Corp (3)...... 54% Tex Gulf Sulphur(4) 117 Texas & Pacific (5).. 8% Texas PC&OIl..... 13% Texas Pac Land Tr.. 19 Thatcher Mfg (1.60). 33% Thompson Prod(2.40 Thompson Starrett. . 40 Thomp-Star pf (3%). 10% Tide Water As (80¢). 78 Tide Water As pf (§) 19% Tide Water Oil1(30c). 86% Tide Water Oil pf(5) 1415 Timken Det Ax(80¢). 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 (6). 16 Truax Traer (1.60).. 38 Truscon 8tl (£1.20).. 19 Twin City Ra Tr(4).. 138 97% Und-Ell-Fischer (5). 125 121 16% 10 106% 176 41% Union Ofl of Cal (32) Union Bag & Pape: 26 Utd Cigar Strapf.... 30% Utd Corporation 46% United Corp pf (3).. 10 Utd Electric Coal. 86% Utd Fruit (4)... 2 21 T (4). 143 59 27 Und-Ell-Fshr pf (7) 2!0! Union Carbide (2. ‘0) 56; 7% 11 19 31% Utd Gas & Imp(1. 0y 807 97 Utd Gas & Imp pf(5). 25 Utd Plece Dye W (2) 4% Utd Stores (A). 87 U8 Alcohol (11). % U 8 Leather. . 18% USPipe & F (2). 18% U S Pipe & F 24 1.30. 60 U S Realty (5) 21% U S Rubber. 47% U S Rubber 1st pf... 29 USSmelt Ref (3%). 139 198% 166 U S Steel (7). 146 141 U S Steel pf (7) 60% U S Tobacco (4) 70 Univ Pic 1st pf (8).. 2% Univ Pipe & Rad. ... 31% Util Pwr&Lt A (e2). 4 Vadasco Sales Corp. 49% Vanadium Stl (14).. 37% Vick Chemical (234) 8% 5% Va-Car Chem.... 111 106% Va El& Pwr pf (7). 56 65 Vulcan Det (4)..... 149% 68 Vulcan Det A (4). 67% 51 Wabash. 83 Wabash pf (A) (5).. 24% Waldorf Systm(1%) 97 Walgreen pf (6%). 26 Walworth Co (2). 21% Ward Baking (A)... 4% Ward Baking (B)... 38% Warner Bros Plo (4). 361 War Bros P pf (2.20) 16% Warner-Quinlan (1). 56 Warren Bros (new). 20 War Bros 1st pf(3) n 28% Warzen Fdy & P (2) 5% W -Eisenloh O&Snpf (4).. Penn El pf (6). 20s Penn El pf (7).280s Penn Pw pL (6. 208 Penn Pw pf(7). 708 1 Western Pacifie.... 40% Western Pacific pf... 177 Western Union (8).. 140 Westinghse E&M (5) 470 133 Westhse E&M pt (5) 3708 2% Weaton Ki Inatr (1). Westvaco Chlor (3).. 31 White Motors (3) 71 White Sewing Mach. 27 Wiltox Rich A (3%) 19% Wilcox & Rich B'(3). 42 58% Woolworth (2.40). 67% Worth Pump. . 88 Worth PumD(A) (’I). Young She 16% 5% Zenith Radlo... RIGHTS EXPIRE % Am Roll M..June 18 210 16 eith-O.May 19 204 % Warner-Quin.May 15 84 1% pfim oo May 14 -24 l 1ATLANTIC COAST LINE NET INCOME DECLINES By the Associated Press. ‘WILMINGTON, N. C., April 20 —The Atlantic Coast Line Railway today re- ported a decrease of $684,891 in its net railway operating income for March, uao eomp.red with the same month a Net nflny income for March of this was given in & financial statement ed from the raflroad’s 'Tllmn here as $1,881,318, compared with $2,- 566,209 for March, 1929, CHICAGO STOCK MARKET By the Associated Press. CHICAGO, April 29.—Following is the complete official list of transactions in stocks on the Chicago Stock Ex- change today: High. Low. Close. 43 43 cme Steel. E 380 Addressouraphi ‘Inter! 700 Altted Mot S 0w S 8! palinsygums. 500 Baxte: 0 Beatrice Crs 12200 Bendix A 9150 Bo, 50 Borg Warnes 100 Brach & Son i 200 Brignt Star Elec B. 500 & W 0, 588 & it cum- 1350% Mot seniid ectr . Elec Research Lab er 180 Hormel & Go Houdaille-Hershey AL ershey B. ties 11800 Tasuni” uif Tnvest. 50 Insull <. See83d! ) (3 24300 Ko} huon .h id : estic Househol a rf an Dearborn. il e id BESEREBRT L2 NSS! o430 Merch & Mt 37600 Middle West Ul new ) 300 Middle W Ut 6% ot A 108 1100 Middle W Oul 4 le W Ut 100 Memphis Midl nt 160 Nn Sharehids . Nat-gtanda s National "On Ra 150 Noblitt-Sparks . 800 North Am Ca 1000 North & Ei 24000 Nor Am Light & Po- N & 8 Amer Corp.. 830 Norinwent™ Bancorp - e 40 Sterling_ Mot Tri 500 Stone (H O) & Co 100 Storkline Furniture. 70 Butherland P 600 Sw 0. 250 o Power & Light A t n-vot | Uil 4| 2000 Un“ Am U t | Jo08e n Gas 6%z 391 |§; Bond saics today, § FOREIGN EXCHANGES. ! (Quotations turnished by W. B. Hibbs & Co.) Nominal gold Selling checks London, pound. Jeris, | tranc. belg: rnnsuu CERTIFICATES. rted by J. & W. ung.nd-n Acul;" 3 S-xon (PW) 1 TUESDAY, APRIL 29, 1930. FINANCIAL. [or mow vome BONDS o sxeaavca] | GINVERTIBLE BOND Received by Private Wire Direct to The Star Office NOTE—The New York Stock Ex- change is mow operating on daylight saving time. UNITED STATES. (8ales are in $1.000.) Sales. High 10116 10112 101 26 101 23 100 14 10012 100 14 10012 104 22 104 22 10710 1076 11112 1119 FOREIGN. Sales. High. Low. Close. 9814 984 B89 8% 9! 11110 B.... Australia 4%s '66. . Australia 68°65. ... Australia 5s'57.... Austria 7s. Bank of Chi! Bank of Chile l!u. 103% 103% 9% 94% 98% 98k 101% 101% 107% 1074 111% 111% Belgium 78 ‘5! 108 108% Belgium 7%s 115% 116% 1104 110% 83 84% 9% 9% Bolivia 88 Bordeaux Brazil 6%s Brazil 6%s°27.. Brazil 7s. Brazil 8s. Bremen State 7 Canada 6s 52 Chile 6560 Chile 6561 Chil 3 102% 103 104% 104% a1 1% Copenhagen 4%s Copenhagen bs rets Czecho 8s '51. Danish Munic 85 A. Denmark 4%s. .. 91% 91% Denmark 6148 55, . 100 1004 Denmark 6s. 104% 104% DEI5%s, Mch,'52. 101% 101% Dutch East Ind’ 47. 2 102 102 Dutch East I 62 102 102 91 91 96% 96% 100% 100% 107% 107% 117% 117% 122% 122% 109% 109% 109% 109% German Bank 6s 3. German E1 P 6% German 7s. . 103% 108% 85% 86 93 98 102 102 974 9% 98% 98% 95% 95% Japanése 4s. 96% 96% Japanese 6% 104% 104% Jugoslavia Bank 7a z 83 8% 3 Karstadt 6s '43. 1% 8% Kreuger&Toll 58 ct 131 981% 98l 108% 103% 108% 103% 0% 90% 100% 100% 104 104 87 87 86% 8714 103% 103% 984 98U 100% 100% 103 103 103 103 101% 101% 90% 90% 98 98% 102% 103 104% 104% 101% 101% 8% 78% 80% 80% My 94y 8 8 844 85% 94 94w 106 106 100% 101% 108 108 88 88% 102% 102% Hungary 7%/ Irish Free State 5. —a Norway 6%s'52 Orient dev 53 58. Orient Dev 6553 Paris-Lyons-M Py —ro Poland 65 40 Poland 7s (rets) Poland 8s 8 Rio de Jan $ao4e". Rio Gr du Sul 6548 Rome 6%s. . R'y’l Duteh 4% sww Sao Paulo 'Bfl Sao Paulo 8 o) Sm.q."m..—uaon..mmeme snoneESanve~Sar 101% 101% 95% 95% 107% 107% 844 84% 95% 95% 90% 904 CrSlov s Serbs-Crot-Slo 8. 4 Shineyetsu 6%s ‘52 Soissons 6s. Sweeden 5148, Swiss 534546 103% 103% 104% 104% 104% 104% 107% 107% Utd Kingm 83841 104 " Utd SS Copen 6337, It 60. 1004 100% Vienna 6s '52. Warsaw 78’62 Yokohama 96% 96% MISCELLANEOUS. Abitibl P&P 58 '53.. 7 usu 86% 864 Abram&Straus 5%s 1 102 102 Alleghany Cp 6844 9 100% 100% Alleghany 6s 49 100% 100% Allis Chalm 101 101 105 105 85 86 Am Chain 6s 101% 101% 1 AmChem 6%lnv‘¢9 42 Am Int Cor 5%8'49 13 Am Nat Gas 64942 16 Am Smit& R 1st 65 24 Am Sugar Ref 42 Am T&T cvi s ID 119‘ Am T&T b8 '65. Am T&T el tr6s. . m 5%s 1 Am Wrtg Pa 68'47. 80 80 Armour&Co C%I 89 89y Armour, D 834 83y Atl Gulf & 6% 6% Atl Refining 102 102 Bell Tel, Pa, bs (B) Bell Tel Pa 58 (C).. }g::/: 18::1 Bethlehm Stl pm b8 102 102 Beth Steel rf bs. 103 108 100 100 94 984 81 81 100% 100% 9Ny 9% 9% 96 42 42 105% 105% 103% 103% 1031 103% 164% 168% 103% 103% 104% 104% 108% 103% s Duquesne 4%s '67. East Cuba Sug 7%s Gen Cable 5347 102 102 103 108 100% 100% 1043 104% 106% 1064 91 93 101% 101% 101% 101% 104% 104% 9% 94% 9% 99% Inland Steel 41 °78. Intl Cement bs 4! Intl Match 58 *47 Intl Mer Mar 6 Intl Paper 58 °47... Intl Paper 6s. 5 Intl Tel & Tel 6%! !2 Intl TET 4%scv. Intl Tel&Tel 96% 974 Kan City P & Lt 6s. 4 104% 104% KanG&E6s'62... 105 1056% Kendall 6%8'48 ww o1 91 102 102% 102% 81% 834 123 128 97 27 125% 126% 881 88% N urfll-rd 5% 93% 944 Manat! Sugar 7%s. 65 65 McC'rmck ER 68’34 101% 101% Midvale Steel b 100% 101% Montana Pwr ‘43 1103 05 108 Montana Pwr 6b b8, 100% 100% 100% Sales. Hish. Low. Morris&Co 1st4%s. 2 81 81 !l . 67 98% 98K 98% 13 27% 27 27 1 106% 105% 105% 104% 104% 104% 114 114 14 99% 99% 99% 106% 106% 106% 110% 110% 110% 102% 102% 102% 102% 102% 102% 101% 101% 101% 101% 100% 100% Nor States Pwr 6s. 10 105% 105% 105% Pacific Gas & El §s. 101% 101% 101% Pac T&T 1st 6 1102 102 102 PacT&T 58’5 104% 1044 104% Paramount 6s°47... 10 101 100% 100% Pathe Exchange7s. 8 73, 7i% 172 Phila Co 53 "67. 126 100 99% 99% Phila & Read 68'45. 16 104% 102 102 Phillips Pet 5% 62 95% 95 b Por Ric Am Tob 24 Postal Tel & C5%s Pressed Stl Car bs. Pub Sve G 4%8'67. Pub Sve Gas 4%s. . Punta Alegre 7s. .. 45% d5% 454 Pure 011 5%8'37. .. 100 Rem Arms 68 °37. .. 96 Rem Rand 5% s war 99% 99% 99% Richfield Ofl 6s "44. 96 96 96 Sinclair Ol 6: 100% 100% 100% 102% 102% 102% 104 103% 103% 100 99% 100 98% 984 984 9615 96% 96% 104% 104% 104% 103% 103 103 104% 104% 104% Stand Oil, NJ "46 102% 102% 102% Stand OIL N Y .4 96% 96% 96% Sug Es Orient 75 36 36 Tenn El Pwr 6 107 107 Tex Corp cv bs “44. 104% 104% ‘Transcontl O] (‘hl 103% 102% 102% United Drug 6s ‘53. 9% 96 96 86% 86 86% 100% 100% 100% 100% 100 100% Utilities Pwr 6% 92 91% 91% erner Sug 7s 104 103'% 103% tern Elec 5: 103% 103% 1034 1024 102% 102% 108% 108% 108% Wickw Spen 6 37 35 37 Wilson & Co 18t 6s. 26 101% 101% 101% Youngstn S &T 6s.. 10 101% 101% 101% RAILROAD. 5 81% 81% 81% % 93 93 1281 130% 1 64 64 64 10 974 97T% 9T% 17 93% 93 93 -+ 22 100% 100 100% 409 101% 100% 100% 8 103 102% 103 6 103% 102% 103% 2 105 104% 104% 17 109 108% 108% 82 ¥3 921 92% 3 10:4% 102% 101% Bang&Aroos 48’51 7 8% Boston & Maine b 37 98% 98% Brdway&T7th Av 5 29% 30 Bklyn Elev 6%s 92% Bklyn Un El 5 88 Bklyn Un El 8815 Bkiyn Manhat 31 974 Buff R & Pitts 4% 93 94 Can Nat 4%s 57 95 Can Nat 4%s ‘68 Y% 94% 94y Can Nat bs, July'69. 7 101% 101% 101% Can Nat §s, Oct 'l 7102 101% 102 Can Nor 4%s '35 1100 100 100 Can Northern 7, 7 110% -110% 110% Can Pac deb 4s. 8 8b4 B4% 84% 25 94% 93% 93% 13 100% 100% 100% Ches& Ogend%s.. 5 99 9% 99 Ches& O 4%s'93 A 16 96% Ches& O 4% s B'95 lil 96% Chi & Alton 3%s. . 70 CB& Q gen 45 '53. 92 CB&Q4%s'1TB. 3 98 Chi & E 11l gn 68 51. 60 Chi Gr West 4569 8 Chi Mil&St P ¢%sC 20 Chi Mil&StP 4148 £ 18 ChiMiiStP&P 65'75.113 CMSP&Pac adj5s03 113 67% So Por Rico Sug 7s. South Bell Tel 6s. . Southwest Bell 5; Westn Union 6%s. Atch deb 4%s '43, At & Bir 4533 Atl & Dan 1st 45'43. AtICL 4%s’64. 96! 7 Chi & NW con 4%s. 32 100% 100 100% 4 1084 108 108 1 100% 100% 100% 3 79% 94 99% 991 10 116% 115% 115% 5 88% 88% 88% C& W Ind 5%s'62. 13 10414 103% 104 CCC&StL deb 4%s. 5 100 100 100 CCC&StL6s(C). 1 108% 103% 103% Clev Term 4%8'77.158 98. 97% 98 Clev Term 3 103% 103% 103% 23 109 108% 109 99% 96%, 78 Cuba Nor 5%s rets. 2: 64 Del & Hud 7s'30 Den & Rio G cn Den&RGW 58'55... 95% DesM & Ft D ds 30 Des M&F'tD 4s ctfs. 1 30 Duluth S S & Atl 68’ 81% Erie 1st con 4s. 85% Erie conv 48 (A)... Baw Erle gen 4s 804 Erle 967. 94'& % 3 114% H‘K 114% 2 113% 113% 113% 2 58 58 58 9 105% 105% 105% 5 111% 110% 110% 96% 97 95% 95% 95% Erie & Je: Erie Gen Fla East C6s'T4. Gr Trunk st deb Grand Trunk 7 Gt Nor 4%s'76(D). Grt Nor 1st s. . Gt Northern 5% 7 110 109% 109% Great Nor gen 7i 67 110% 110% 110% Hav El Ry 58°52 79 79 Hud & Man adj 5 20% Hud & Man ref & 9TH 9Tl 111 Cent ret 4 928 111 Cent 4% 86 Yot 96% 101% 105 63 71% 69% 69y Int Rap Tr6sstpd.. 40 70% 69% fl'ri Int Rapid Trans 1 59 Int Rapid Trans 7s. Int Ry C Am 68 *41. Int Rys CA 6%src. Kan City F't 8 ¢ Kan City Sou & Kan City Term 4 Lake Shore 4s'31. . LehV gen 4%s 2003 Leh Valley 58 '20.. Long Isl 55 L& N uni 4 96% 96% 96% 96% 964 964 2100 100 100 1 90% 90% 90% 16 99% 99% 99y 5 991 98% 99y 1 107% 107% 107% 12 100% 100 100 10 94% 94% 94% L&N4Y%s A 5 9% 97% 9T ManRy 1st 4590 52% 53 Market St 78 '40. .. 92 92 Mill Ef Ry&L 68'61. u 100% 100% 100% | 1 89% 89% 89y 1 99% 998, 99% 2 1014 101% 101% 5 864 86% 864 2 864 864 86u 3 102 101% 101% 2 106% 106'% 106% 40 79 8% 8% 4 100% 100 100% M StP&SSM MK & Tex M K & Tex 4s (B). M K&T prin SliA) MK & Tex adj Mo Pacific gen Mo Pacific 55 A '65. Mo Pac 58 F "77. 24 100 991 99% Mo Pac6s G 31 99% 9915 993 Mo Pac 534849 6v. 14 110% 110 = 110 Mont Trmref 58'41. 1 98} 98% 98% Montreal Tr 5sB'55. 5 941 94% 941 Nash Chat&StL 4s. 256 90 NY T & Il 5% 23 102 1 98 9 rfim Hbl. ‘en ref 5 &StLds.... 5 96% 96% 96% & StL4%sC.122 9b6% 95% 5% &StLE%sA 41 107% 107% 107% &StL 68°32.. 30 1024 102% 102% 1 8% 178% T8% 6.. 4 85% 854 8614 NH&H 43%8'67. 76 92% 92% 92% NYNH&Hcvdb 6s 57 125 128 123 Y NH&H clt . 10 106% 105% 105% YOnt& Wistds 2 58% 58% 58Y% N Y Railway 6s.... 5% 5 NY Sta Ry 61%48'62. l 15 15 NY Sus&Wn bs 37. 1 83% 83% 83% Z aaaaq 22 22222222 F [ o o 3 o s 3&" »<-<-<~<m<-<»< z 9% 79% | 5 894 894 89 | ISSUES STEADIER Telephone Group Firm After Drop of Yesterday. Rails Lower. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, April 20—With a heavier volume of trading at intervals in today’s bond market, there was com- paratively little change in the prices of active issues other than the con- vertibles. Competition’ with an increas- ing amount of new loans has again become a factor and reflects in the adjustment of prices of old bonds to those now being syndicated. ‘The convertibles were steadier. The two telephone compa: 4'%s advanced a point, as did Phfllde iphia & Reading 6s. Atchison 4!2s, however, lost 113 points in sympathy with the new low prue for the movement in the common stock of the road. Baltimore & Ohio 415s were also fractionally lower and are now down 3% points from the high of last month. Little change occurred in either high grade rails or public utilities, with the exception of a run-up of a point in Columbus Power 4%5s. Unites Government bonds -nd ‘Treasury cer- tificates were irregular in a narrow market. Industrials were quiet with no s cial feature. Hudson Coal 5s respon ed slightly to a statement of earnings for 1929, which showed a net income of $681.224, compared with a loss in 1928 of $1,416,458. Eventually this improve- ment ought to permit the bond to sep- arate itself from other mortgages of coal companies now selling at low record prices. The foreign list was dull. the South American issues worked a trifle lower in competition with the high yield on the Brazillan coffee loan. Thh comparison of old bonds to new es also made for a more active mar- kez ln Uruguay 6s at # fractional de- cline from recent prices. French gov- ernment issues continued heavy, as did some of the members of the German It is now belleved that the rtion of the reparations loan Wlll m $100,000,000 instead of KONEY MARKET. NEW YORK, April 29 (P —Call money was steady today, although & somewhat easier undertone made itself manifest In the early afternoon, when some funds were offered in the “outside market” at 31, per cent. The official renewal rate of 4 per cent held through- out the day. ‘There was little new money offered, and a certain amount of loan calling was reported in connection with month end requtremmu Time money, on the other hand, was easier in a dull market. Thirty-day loans were quoted at 3% per cent, 60 days to 4 months 4 per cent and 5 and 6 months 4 to 414 per cent. ‘The bankers' acceptance market was comparatively quiet and the rates un- changed. —e- BALTIMORE STOCKS. BALTIMORE, Md., April 29. STOCKS. Last Sales. undel Corporation et 5. ulmn-d Fidelity 225 Md_Casuaity Co.. 137 Més Bond & Titic 110 New Amsterdam Gas Co. 60 Pa_Water & Power. ern Md Dairy BONDS. ited Rwy & Electric 1st 48 71000 Untted Rwy & Eleciric Inco SHORT-TERM SECURITIES. (R-ported by J. & W. Seligman & Co.) Bi Allis-Chalmers Co. 85 1937 101, 2N 1S DRy o 5 West: 75 76 2 881 . ol e 22223 = 0555 05! ! .85 1047, lnl’ =t W, i Cor heli Dnion Sinclair Crude ¢ Standard "Oll Sta i 3 St 1 Southwestern RY Swift & Co. 5s 1932. Union O1l Co. Calif United Drug Co. 5 1985, Western Electric Co. S¢ heeling Steel Corp. Wheeling Steel Corp. — Gulf Mobile & Northern March net operating income off 30 per cent from nnr ago; three months’ net off 60 per uco&a _.—__.___——- Nor Pacific 3s 2021. 6 GG\: Nor Pacific 4 20 90 90 Nor Pac 4% 1 9T% 974 94 Nor Pacific 11 112% 112 112% Ore Short L con 5s.. 1 10 104% 104% Ore Wash 1st4s... 1 88% 88% 88% L 110 94% 941 94% 22 99% 98% 99 10 99% 9914 99% 2 107% 107% 107% B 10 104 103% 104 Penna 6%s. .. 12 108% 108% 108% Peoria E 1st 48 11 86% 86% 86% Peoria & Einc4s... 26 32 32 Pere M 4%s 1980.. 65 971 97 Port RL&P5s’'30. 5 995 99% 1 99% 99% 99% Port RL&P 734s'46. 4 105% 105% 105% Rio Gr Wst 1st 4. 1 95 95 9% RIArk& L 4%s 2 98% 98% 98% St L IM&S gn 58 31. 25 100% 100% 100 StL IM&S R&G 4s. 8 9T% 97T 9T% | StL&SF pl 48 A 35 90% 90% 90% StL&SF 4%s 7! 290 93 92 93 StL & San¥'r in b: 10 102% 102 102% S&L&SF gen 55 8 1001 10054 100% StLS Wcon4s'32 12 99\‘ StL S W 6s'52. . 2100 StP& KCShL4%s. 4 97 :S% 2 108% 108“ 108% 6 115 114% 115 4 121% 121 121% 1 90 90 90 1104 104 104 2 101% 101% 101% 15 102% 102% 102% 3 B0 49% 49% 1 97% 9T% 97% 4 88% 88% 8% Virginia Ry 1st 5 £0 104% 104 1044 VaRy&Pwrbs... 2 100% 100% 100% Wlbllh 4%s'78 ret 55 93 921% 93 1 1 1024 102% 102% 71004 99% 99% 103% 104 Sou Rwy 68 Sou Rwy 6% Term Asso SL Tex Ark F'S 5%8'50 Tex & Pac 68 B 77. Tex & Pac 68 C'79. Third Ave ref 45'60 Union Pac 4%s Union Pac ¢s'68.