Evening Star Newspaper, May 9, 1930, Page 14

THE EVENING STAR, WASHINGTON, D. C, FRIDAY, MAY 9, 1930. HHHGRADEBORD | (e o BONDS 7o SSUES N ADVANCE NOTE—The New York Stock Ex- change is now operating on daylight | Paramount 6s°47.. Market Responds to Easier Credit Conditions, but ving time. Pathe Exchange 78 Trading Is Quiet. FINANCIAL ARPLANE NDUSTRY PROMDTEDBY U.5. Government Uses $30,- 000,000 Annually in Devel- oping Science of Flying. FINANCIAL. NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. A—14 kxx MARKET FOR STEEL CONTINUES QUIET Price Structure Is Weaker as Large Consumers Curtail Their Orders. Low. Close. | 100 101 1 6 100 100% 10414 105% 961y 47 106 90 95% 807% Sales. Hizh. 19 101% 10 76 21 100% 70 105% 97 105 90 96 80% 98% ~Prev. 1930.—~ Stock and Bales— High. Low. Dividend Rate. Add 00. H 36 1974 Spang-Chalfant..... E 301 134 Sparks Withngtn(1). 8 100 Spear & co. .. 308 R0t Spear & Copt (7).... 108 25 & Spencer Kelg (1.60) .. 361 Spicer Mfg. 52 Spiegel-May-S (3) . 29% 4 Stand Brands (1%).. 129% Stand G & E (3%). Stand G & Epf (4). 0 Stand O of Cal (234). Stand Oil Exp pf(5).. Stand Ofl of Kan (2). Stand Oilof N J (12) Stand OII N Y (160). Stand Plate Glaj 2 Stand Plate Glass pt.4208 Starrett (LS) (12%) Sterling See (A)..... Sterling Sec pt(1.20) Sterling Sec cv pt(3) Stewart-Warner (1). Stone & Webster (4). Studebaker Corp (4). Submarine Boat Sun Ol (11) (Continued From Page 13.) Btock and Prev. Low. Close. Close 43% 43 43T 43% 431 434 52 52 b2 17 97 1w 39K 394 38 16% 16% 16% 26 261 26% 26% 27 26% 18K 20% 19% 64% 68N 65 2R 28K 28y 1 e a3 3% 22 22 82 831 1% 591 104% 8 22 56 42% 10 6474 82% 1% 277 Balea— Add 00. High. 2 48% 44% 5414 17 391 167% 26% 27% 20% 68 28% 1% 331 22% 82 e on " DiridendRate . Low. v PR Maranail Fleld & Co. 51% 371 Mathieson Alkil) (3). 61% 49 May Dept Strs (n2) 23 16% Maytag Co (12) 42 26% Melville Shoe (2) 23% 15% Mengel Co (2). . 26% 2314 Metro-Gold pf(1.89). a7 164 Mexican Seaboard. .. 33% 1R Miami Copper (4). 74% 53 Michigan Stl fm2%). 33 23t Mid-Cont Petm (2).. 214 7% Middle States Ofl et.. 53 321 Midland Steel (3) 28% 12 Minn Moline Pwr 87 72 Minn Moline pf(6%). 24 1% Minn & St Louis. 66% 467% Mo Kan & Texa 108% 103 Mo Kan & Tex pt(7). 98 70 Missour{ Pacifio. 40 22 Mohawk C Mills 63% 48% Monsanto Ch (x1%). 497% 35% Montgom Ward (3).4 3% Moon Motor: 581 Morrell & Co (4.40) R1% Morris&Essex (3%) 350 11. Mother Lode (40¢). .. 261% Motor Wheel (3). 12% Mullins Mfg 18 Murray (b2%stk) 35% Myer(FE) & Bro(2). 381 Nash Motors (6). 167 Nat Aeme (1%) 11 Natl Afr Trans. % Natl Rella Hess . Natl Biscult, n(2.80). 31, _ 53t Natl Cash Reg.A(14) 58157 454 Natl Dalry (12)..... 4 Natl Dept Stores (2) Natl Distillers (2)... Natl Lead 48). Natl Pwr & Lt (1) 70% Natl Suretv (5). Nevada Copper (3). Newton Steel (3). N Y Central (8) 324 180 N Y & Harlem (). 265 226 Norf & Western (10) 9'¢ North Am Aviation. . 934 North Am(b10%stk) No Ger Lloyd (3 43). Northern Pacific (5). 77% North Pacific ot (5). . % Norwalk Tire & Rub. 9% Ofl Well Supply. . 13% Oliver Farm Equip. 70 OlivFr Eqpf A (6) 314 Ollv Fr Ea cv pt(3) 2% Omnibus Corp . 63 Oprheum Cir pf (8). 100, 67% Otis Elev.n(2%). 126 1184 Otis Elev pf (6). 3R% 30 Otls Steel (3%). 52' PacificGas & El (2).. 34 72 Pacific Lighting (3).. 13 140 Pacific Tel &Tel (7).. 101 X 15% Packard Motor (1).. 125 50'% Pan-Am Petm (B)... 8§ 4% Panhandle P & R. 11 4715 Panhandle P & R pf. 7 48% Param'nt Publix (4). 447 204 Park & Tilford (3).. 12 1214 Parmelee Trans1%., 64 2% Pathe Exchange..... 29 5 Pathe Exchange (A) 45 181 Patino Mines (a2.92) 41 614 Peerless Motor Car.. 65 264 Penick & Ford (1) 65 63 Penney (J C) (3). 16 8% Penn Coal & Coke. A 61 Penn Dixis Cement.. 2 86% 72% Penra R R (4) 30 60t 56 Peop Drug Strs(1).. 1 323 230 People's Gas,Chi (8) 3 34% Phelps Dodge (3). 11% Phila Read C& 1 204 ips Petrm ( 69'% Plerce-Arrow pf (6). 1 Pierce Ofl. 20% Plerce Ofl of. 21 Plerce Petroleum. . 31 Pillsbury Flour (2) 443% Pirelli of Italy(3.14). R Pittsbgh Trm] Co: 20% Pittston Compan 25 Poor & Co (B) (2) 59% P Rican Am To A(7). 12 P Rican Am To (B) 50% Prairie Pipe L (15). 7% Pressed Steel Car. Sz% Proc & Gamble (2).. Y% a1 81 130% 121 1108 107% 89% 76 Bl 2% 274 214 114% 110% 88% 66 69% 34% 85 68 50 19 5% 70 58% 33 141% 110% 647% 43% 5% 34 46% 258 100% 92 10% Phila Co & UNITED STATES. Phila & Read (Bales are 1n $1.000.) Phillips Pet 5%s. .. Sales. High. Low. Pillsbury F M 6s'43 69100 12 100 & | Por Ric Am Tob 6s. 410117 10117 Postal Tel & C5%s 200 1026 1022 Pressed Sti Car 5: 11014 1014 Pub Sve Gas 4%8. . 31016 10029 Punta Alegre 7 110516 10516 Pure Oil 5% '37. 10 107 26 107 24 Rem Arms 6s 37 32 112 1131 Rem Rand 5%s war FOREIGN. Richfield Ofl 65 "44. Sales. Aigh. Sinclair Oil 6% Sinelail 11 7. Argentine 63 Ju'sd. 4 9%la Stnclalr g L 5s. Argentine, May '61. 7 98% Skelly Oil 6% Argentine 6x Oct'59 98% South Bell Tel Argentine 5148°62.. 93% Southwest Bell Argentine 6s A. 988 Stand OIL NJ *46 Argentine 6s B 98% Stand OIl N Y.4%s. Australia 4% « 814 = iy Australia 5s '5! 91 Tenn E1 Pwr 6547 Australia bs '57. 91 Tex Corp ev b8 Austria Ts..... 1041 Transcontl Oll § Bank of Chile 61 a5 United Drug 58 s Bank of Chile 6% 98l U S Rub 1st rf 6 Belgium s 1021 U S Rubber 7% Belgium 61 1079 Utah Pwr&Lt 5s. Belgium 7855 1128 Utilities Pwr 5% Belgium 7s '56 1094 War Quin 6339 West: Belgium T34s. ... 115 gy Belgium 8 110% Westn Union 6s'51. 4 .. Westn Unlon 6% Bolivar 7s ' White Eagle 518, . Bollvia T« ctfs '69 White Sew Mach Bolivia 8s Wilson & Co 1st 6s. 2::;\[7\;:‘;:;.6. Win RepeatAr 73 Dresieuis Youngstn S &T 5 Brazil 7s.. Brazil &s. Canada 5s'31. Canada 5s'53. Chile 65'60. .. Chile 6s 61 Chile 7s'43 Colombia 6s,Jan *61 Con Pwr Japan 7s Copenhagen 414 Copenhagen bs rets Cuba 51s. ... Czecho §s°51 Czecho 8s 5 Danish Munic 8s A. Danish Munic 85 B. Denmark 4%, : Denmark 518 '55. Denmark 6. DEI5%s, Mch, Dutch East Ind' 47. Dutch East I 6s°63. Finland s £ 65 "45. French 7a. French 71 German Ba; German EI P 6%s. German 7s. Greek 6s'63.... Halti 6s. Irish Free State 5; Italy 7s . italian Pub Sve Japanese 4s Japanese 61 Jugoslavia Bank s Karstadt 63 43. Kreuger&Toll 6s ct. Lyons 6s. Marselile Milan 6% 5 Netherlands 6s ‘72, New So Wales '57. . New So Wales b8... Norway b8 '63. Norway 514 Norway 65 43. Norway 63 '4 Norway 6%s ‘52 Orient dev 514 68. . Paris-Lyons-M 6s Paris-Ly-Med 7 Peru 6s Peru 65 '61. Peru 7s.. Poland 6s 40 Poland 7s (ret, Poland 8s. . Queensland 6s. .. Rhinelte Un 7 Rhine Wst EP 65'52 Rhine West6s '53. . Rhine Wst EP 75'50 Rio de Janeiro 61 . Rio de Jan 85 '46 Rio Gr du Sul 6’ Rio Gr Du Sul 8s. Rome 6%s........ 5 R'y’'l Dutch 4% sww a0 Paulo 85 '36 Sao Paulo '50. Saxon (PW) 7s. Seine 78 '42. .. Serbs Cr Slov 7s. Serbs-Crot-Slo 8 Shineyetsu 6%s ‘52 oissons 63 weeden 5% Swiss 5168 '46. . Swiss Confed $: Toho El Pwr 6s'32. Tohs El Pwr 7, Toklo bs. Close. 10012 10117 1023 1014 1016 105 16 107 24 11131 Lib3ks. . Lib 1st 4% Lib 4th 4% US3%e'43.. US35s47.. US3%s. . US4s'4d US4yss 1 6 9 1 6 1 BY JOHN F. SINCLAIR. Special Dispatch to The Star. | NEW YORK, May 9.—With the lead- ing airplane pilots and financiers at- tending the Airplane Show in New York this week, and with the sky humming with life, the citizens of the big town lare getting plenty of head-and-neck exercise. - Postmaster General Brown. in attend- jance at the show, says that of the | $19,000,000 appropriated this year for airplane mail pay, probably not more than $7,000,000 will be returned in air- mail postage. To what is this loss of $12,000,000 to be charged? This Gov= ernment_official answers: “Research.” “The Government is making an an- nual investment of about $30,000.000, 0§~ tensibly to aid the aeronautical jndus- try, but fundamentally to expand na- tional prosperity and to insure national security,” says the Postmaster General, and then he adds: “The Government’s ultimate objective is to develop a Nation-wide network of passenger and express alrlines, upon which the transportation of the mails | will perhaps bz only an incidental operation. The expenditure of $30.000,000 a year is not much if it results in the creation of a new major industry in the United States, One airplane enthuslast predicts a | million airplanes will fly the sky lanes by 1940. Too many? 1 should say the guess was too modest. Does 2,000,000 airplanes look like an impossible number then? Perhaps it does now—in 10 years we may smile at our modest hopes. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, May 9.—Some progress | was made in the bond market today in | recovering part of its recent losses. Again it was slow to respond to steaily | improving money conditions. | The output of new securities is tak- ing away from the old issues some of the buying demand that would other- wise have been attracted to them This week’s total of new offerings was approximately $125,000.000. 4 Superior Oil High-grade issues gained fractionally. Superior Steel They are still well under the best prices Symington. .. 5 of March. There was a better demand Telaut Corp (11.30)., for junior rails and public utilitivs, in- Tenn Cop & Ch (1). asmich as the return on prime issues s | Texas Corp (3)...... limiting the inquiry for them to insti- | Tex Guif Sulphur(4) tutional buyers who demand quality Texas PC&OIl. ... rather than yield. Banks that are not | Texas Pac Land Tr. so closely restricted in their puichases Thatcher Mfg (1.60). have been inclined to buy the corpora- 4 Thermold Co (2). tion bonds that yield 5 per cent as a | ¢ Third Avenue..... minimum. “The falling level of income Third Nat Inv (2) . return is illustrated in today’s Chesa- ! Thomp (J R) (3.60) .+ peake & Ohio and Reading Equipment Thompson Prod(2.40) Trust, quoted for the long maturity be- Thompson Starrett. . tween & 4.55 and a 4.40 basis. Tide Water As (60c). In the industrial list such active Tide Water O1l pf(5) bonds as U. S. Rubber 5, Dodge 65 Timien Det Ax(80c). and Goodyear 5s showed fractional Timken Roller (3). changes. There was some recovery in Tobacco Products the local tractions and quite a spurt Tobacco Products A.. ¢ in New York Railway incomes. The Transcont] Ol (30¢). 100 railroad _convertibles were gencrally & Transue & W (1), strong. There was a little petter tone Trico Prod (2% 1o the 41 per cent convertibles of the Tri-Contl Corp. American Telephone and International Tri-Cutl Corp pf (6). Telephone Cos. Truax Traer (1.60) An issue of $20,000,000 New England Twin City Ra Tr(4).. Gas & Electric Association 5 per_cent Und-Ell-Fischer (5). convertible debentures at 91 is being Unfon Bag & Paper. . sold today. It was reported from Lon- Union Carbide ¢ don that next week the Japanese go Union Oil of Cal (12) ernment will sell in that market and in Union Pacifie (10) New York sufficient 515 per cent bonds Union T’k Car (1.60). to retire the £23.400 4 per cent loan Utd Afreraft. . which matures January 1. The latter Utd Aircraft pt (3) ‘was brought out in 1905, when interest Utd Biscuit (1.60) rates were low and it was possible to Utd Business Pub finance on easy terms. Unlike some Utd Carbon (2) of the European countries, Japan is Utd Cigar Store refunding at an increased annual serv- Utd Corporation ice charge rather than at a reduction United Corp pt (3).. An unusual feature of the flotation Utd Dyewood pf (7). of the Uruguay issue of 6 per cent Utd Electric Coal bonds was the sale in Uruguay of a Utd Fruit (4). portion of the loan. Utd Gas & Imp(1. Foreign issues were steady, especially Utd Gas & Imp pf(5). those of the Italian, German, Frerch ! Utd Stores (A). and Belgian groups. U. S. Govern- U'S Distributing. I U S & For Secur, ments were irregular. U S Freight (3). S Hoffman (2). Alcohol (7). Leather pr pf(7). Pipe & F (2)..... Pipe & F 15t 1.0 Realty () " Rubber. Rubber 18t pf. Smelt Ref (3%).. Smelt Ref pf 3%. S Steel (7) U S Steel pf (7). U S Tobacco (4) Univ Pic 1st pf (§). Univ Pipe & Rad. .. Util PWr&Lt A (02)w 50 Vadasco Sales Corp 7 % Vanadium Stl (14).. B51 Vick Chemical (2%). 10 Va-Car Chem........ 1 Va-Caro Chem 6% pf _ 3 Va El & Pwr pt (6).. 70s Va El& Pwr ot (7).. 10s Vulcan Det (4)..... 2605 Vulcan Det A (4).... 108 Wabash. Shente dELT i Waldorf Svstm(1%). Walworth Co (2). 5 34y | rd Baking (A).... 20s | d Baking (B) 9 | rner Bros Pie (4). 899 - Warner-Quinlan (1). 23 Warren Bros (3).... 12 Warren Fdy & P (2). 4 Wess oil & Snow (2). 2 Wess O & Sn pf (4) 3 West Penn El pt (6). 70s West Penn EI pf (7). 10s West Penn Pw pf(6). 20s West Penn Pw pf(7).110s Western Dairy (B).. 4 Vi Western Md. . . Western Md 2d pf.... 4 4 Western Pacific. 4 Western Pacific pf. 4 Western Unlon (8).. 11 17 10 16 3 Bpecial Dispatch to The Star. CLEVELAND, Ohio May 9.—Iron and steel markets have drifted deeper this week into a torpid condition, says Iron Trade Review, Cleveland. Whatever support the automotive industry is lend- ing the situation—and this support con- tinues extremely spotty—is more than neutralized by the apathy of other large consuming groups. A new and discour- aging note is the tendency of some Western railroads to hold back releases on track material. In many respects the markets are displaying the listless- ness characteristic of Midsummer. The price situation grows progressive- 1y weaker and is a factor in inducing sonsumers to restrict their commitments rigidly. Thus far, large producers ap- parently have been disposed to let the weakness run iis course, but there is some opinion that an attempt to stabilize will be made shortly by the formal an- nonncement of new prices, which pre- sumably would recognize some of the current low levels 3 The United States Steel Corporation, whose pipe subsidiary a month ago met shading with an_open reduction of $4 a ton, has done likewise on wire prod- ucts through its steel and wire sub- sidiary, cutting these lines $2 to $3 Plate, shape and bar prices appear to be working below $1.80, Pittsburgh, shough some business, especially in bars, Still is done at that level. Few of the | fiulshed steel lines are untouched by the wave of softness. Pig iron is off 50 cents a ton at Cleveland and St. Louis, wire rods are down $2 and scrap still is easing off. Sensitive to this condition, the Iron Trade Review composite declined 32 cents this week' to $33.96. Not since January, 1027, has the composite moved £0 violently in one week. For 10 weeks now it has receded, and at present is the lowest since the first week of April, 22, 19steelumknm; rates attest the dull market. For the fourth consecutive week Steel Corporation subsidiaries are unchanged at 80 per cent. Finishing mill rates at Youngstown are off slight- 1y, to just below 70 per cent this week. At Cleveland, they have declined from 85 per cent to 79, and at Buffalo from 70 per cent to 68. Chicago rates are little changed at 90 to 95 per cent, and Pittsburgh at 75. 5 Statistics on April pig iron and steel ingot production reflect the difficulties of producers in matching shipments with incoming business. Pig iron was produced in April at a daily rate of 106,418 gross tons, fractionally higher than the 104930 tons of March and comparing with 122,106 tons last April. Last month was the fourth consecutive one to record a gain in the daily rate, but the fact that on April 30 only 182 blast furnaces, or two less than on March 31, were in blast, may indicate & reversal in May. Steel ingot production turned down- ward in April, the daily rate of 159.358 gross tons comparing with 164,961 tons in March and being the lowest since January. Last April ingot production, at 189,024 tons, also declined from March. but it came back in May to set an all-time record. April's total of 4.143,312 tons brought the four-month total to 16,286,718 tons, or 14 per cent below the 18,812,637 tons of a year ago. Steel making has averaged 80 per cent of capacity thus far in 1930, con- trasted with 93 per cent a year ago. Low Close. 5 481 9R1s 9fm 98K 9RY RN 93y 93% 08y, 98y 98% 1% 90% 90% 104% 54 981y 5 16 1 104% 103 9% 105% 104% 101% 96% 86 100% 100t 91 9214 103% 103 109 106% 113 4 4 73 18 212 Ann Arbor 45 Atchison adj Atchison gen Atch deb 434 43 Atl Coast Line 4s.. B&Ocv4y B&Ocv 4%8'60 B&Oret 5s. . B & O 632000 (D)., & O 1st 58 ret: &Orfimpés.... &0 PLEWY 4s.. B&OSW 5850, B & O Toledo 43 Boston & Maine 58 Braway&ith Av 5s. Bkiyn Elev 61 Bklyn Manhat 6 Buff R & Pitts 4%s. 11 988 58 e 1904 167 164 102% 2 104 B B B ‘When Secretary of Agriculture Hyde apportioned the additional $50,000,000 recently authorized by Congress for Federal aid highway building in the next fiscal year he precipitated a new and vigorous expansion of road con- struction in the United States. ‘Texas leads in the Federal apportion- ment with $7,576,000, New York is sec- ond, with $6,009,000; Pennsylvania third, with (5,524,000, and Illinois fourth, with $5,167,000. Other States which will receive $3.- 000,000 or more from the Federal Gov- ernment for the same purpose during the next fiscal year are Wisconsin, Min- nesota, Michigan, Kansas, Iowa, In- diana, Georgia and Ohio. Billions of dollars have beer spent 9x%, 1 since 1920 on roads in the United States—more than has been spent on all of the roads of Europe in the last 50 years—yet still more billions will be Spent in the next 10 years, According to the United States De- partment of Commerce, the world has 1 6,582,000 miles of road of all kinds, of which 3,574,000 are in the United States. Paul Block, newspaper man, after giving $100,000 recently to Yale Univer- sity for a survey in the field of journal- ism, made the statement that the news- paper, from the standpoint of useful re- search and education, has only begun its work. “The courses in journalism are not intended to be a school of journalism,” | said Mr. Block. “They are intended rather to spread an understanding of the place the newspaper occupies in our social structure and how all of its de- partments function.” Mr. Block hopes to show the young leaders of tomorrow how newspapers cover “spot” news, and points out “the important problems in Tlocal, national and international fields.” As a foundation for these activities he particularly emphasizes the import- ance and the necessity of a free press. As A. P. Glannini, the financial giant on the Western coast, retires from busi- ness at the age of 60, the figure of James A. Bacigalupi comes into view. In additicn to being chairman of the advisory committee of the Transameri- can Corporation as well as its general counsel, Mr. Bacigalupi now succeeds “A. P.* as president of the Bank of Ttaly. Mr. Bacigalupi is a young and bril- liant speaker. This week he made the argument for branch banking before the House committee on banking and currency. While not taking issue with those who favor group banking, he gave his s % 5s, July'69. 10 102% Can Nat 58, Oct '69.. 13 1023 Can Nor 4%s ‘35. 2 100 Can Nor 6%s. . 2 116% Can Northern 7 5 110% Can Pac deb 4: 9 r6% Can Pac 4%s°46... 10 995 Can Pacific ctfs55. 5 102% Cent of Ga 5sC 59 5 101% Ches&Onhio Corp 56 100% Ches & O gen 4% 1 100 Ches& O 4%s8'93 A 43 984 Ches& O 4% 8 B'95 34 wxl CB&QII3%s.... Y 87 CB& Qgen4s°'53.. 1 933 CB&Qlstrf5s... 14 107 Chi & E 1l gn 53 514 23 814 ChiGr West 48°59. 1 CM&StPrct4%s89 1 96 9 | Chi MII&St P 4%5C 10 6 ChIMIIStP&P 68°75. 46 CMSP&Pac adjss03 13 Chi & NW gen 4s... 25 90% Chi NW 4%82037.. 17 97% Chi & NW con 4%s. 31 101% Chi& NW 4%s'87. 22 104 Chi & NW 7s. 1 99% ChiR1&Pgn 6 905 ChiR1&Prf 4 5 9T ChiRI&P4%s... 91 95% ChiT Hinc6s’60.. 1 91l CCC&StL4%s (E). 1 100 CCC&StL 5s (D) 3 Clev Term 41317, Clev Term 5% Colo & Sou 4% Cuba R R 7% Cuba Nor 5% rets. Del & Hud 78 '30 Den & Rio G cn 4; Den&RGW 53 ° D R G&Wst b, Erie 15t con Erie gen 4s Erie 5s, 1967.. Erie 53, 1975. 95% | Erie conv Ex 7s Fla East C 58 7. Fonda J&G 4% Gr Trunk st deb Grand Trunk 7s.... Gt Nor 4%s'76(D). Great Nor gen 7s Gulf Mo 55 (B) 5 998 HavElRy5%s'51. 1 54 Hud & Man adj 6s.. 24 83 Hud & Man ref 5 99 111 Cent 45 '52 9% 1 cee 110% ¥6% I 99% 102% 101% 100% 100 98 s —_— nzw = 434 Washington Stock Exchange SALES, Potomac Electric Cons. 55—$1,000 at 102, Capital Traction Co.—10 at 75, 10 at 175, 10 at 75, 10 at 75, 5 at 75, 30 at 75, 10 at 75, 20 at 75, 20 at 75, 30 at 75, 20 at 75, 11 at 75, 10 at 75, 5 at 75, 4 at 75. pfd—10 =at Potomac Electric 108'5, 5 at 108'}. Columbia Sand & Gravel pfd.—5 at 95. Mergenthaler Linotype—1 at 108, 20 at 10734, 20 at 107%. AFTER CALL. Potomac Electric 6% pfd.—2 at 11175, Lanston Monotype—5 at 1221z UNLISTED DEPT. Washington Tile Insurance Co.—6 at 8. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Amer. Tel. & Telga. 4125 133 Amer. Tel. & Telga. 4’25 Am. Tel. & Tel. ctl. tr, 55 Anacostia & Pot. R, R. Ana & Pot. gu : C. & P. Tel. of Capital Traction B R. 55 City & Suburban $s. Georgetown Gas 1st 35 .. Potomac Elec. cons. 5% Potomac Elec. 65 1953.. . Alex & Mt. V. cif Balto, & Annap. 5. Washington Gas 5s. i Wash. Gas 6s, series A.. ‘Wash. Gas 6s. series B < Wash. Rwy. & Elec. 4s. : MISCELLANEOUS, Barber & Ross. Inc., 8155, Cham.-Vanbit. ‘Hotel 6as.. Chevy Chase Club 5%as C_ Paper Mfx. 6s... M. Cold Sto 92% 66% 904 978 1013 101% 104 104 9% 697% 90 90% YU 9% 0415 953, a1y 911 100 100 102% 1031 ONs, YRS % 107% 107% 99% 99, B3% B34, 633 ,63% 100 % 94Y% i BroafiBnanBnwwe~ s s s s s s 8 s s u u u u U u u U u U u 3% % B4y 94ty 1015 105% 90 91 102% TR 49 3% 95 924 893 101 97 9615 Prod & Refiners pf. . Pub v.N J (3.40). Pub Serv N J pf (7). Pub Serv E&G pf(6). Pullman Corp (4)... Punta Alegre Sugar. Baltimore Markets : Askeg Epecial Dispatch to The Star. BALTIMORE, Md., May 9.—Potatoes, white, 2.25a3.25; new sweet potatoes, barrel, 2.50a5.00; yams, barrel, 3.50a 4.00; asparagus, dozen, 7582.75; beets, crate, 2.50a3.00; beans, hamper, 1.50a 2.25; cabbage, hamper, 75al.5 car- rots. bushel, 1.25a1.50; cauliflower, crate, 1.75a2,25; celery, crate, 2.5024.00; cucumbers, hamper, 3.5025.00; kale, bushel, 20a35; lima beans, bushel, 5.00a 6.00; lettuce, hamper, 1.00a2.25: onions, 100 pounds, 50a1.50; green, 100, 1.00a 1.25; peppers, crate, 2.00a4.00; peas, bushel, 1.50a1.75; radishes, 100, 1.00a 101% 97 9614 107%, ¥4 95 90 1081 104 105 6 107% 991y 100% 814 3 55% 2 30 3 105 Radio Corp. . Radlo Corp (B) (5) Radlo-Keith-Orph A, 502 R R Sec1CstkC(4). 160 Raybestos Man 2.60.. 74 Reading Rwy (4). 1 Real Silk (5). . Rels (Robt) & Co. Rem Rand (1.60). Rem-Rand 18t pf(7). - Reo Motor Car (80c). Wash w 9R% 29 111% s 2.00; spinach, bushel, 25a40; squash, bushel, 2.00a3.00; tomatoes, crate, 2.00a 5.00; apples, bushel, 1.25a3.00; grape- fruit, box, 3.25a6.25; oranges, box, 3.75a 9.00; pineapples, crate, 2.50a3.00; straw- berrles, quart, 12al8. Dairy Market. Poultry, alive — Chickens, Springers. pound, ry:oa:s!: Leghorns, 25832; old roosters, 15a18; old hens, 25a26; Leg- horns, 17a22; ducks, 14a2l; Spring ducks, 25a26; guinea fowls, each, 50a75; pigeons, pair, 30a35. Eggs—Receipts, 1,014 cases; nearby 50% 95 61 4 49 20% 16% 33 56 49% 122% 88 57% 40% 118% 107% 101 92 70 58 31% 24% Republic Steel. . Republic Steel pf () Revere C&B (A) (4). Reynolds Spring. ... Reynolds Tob B (3). Richfield O11 (2) Rio Grande Ofl (. Rossia Insur (2.20) Royal Dutch (23.20). Safeway (e5) St Joseph Lead (13) 8t L-San Fran (8) St L-San Fran pf (6) St L Southwestern. ., Savage Arms (2). 18% 4% Schulte Retail Stri - Westinghse 4 B (2).. 8§ Westinghse E&M (5) 272 Westhse E&M pf (5) 10s Weston El Instr (1). 3 Westvaco Chlor (2) Wextark Radlo Strs. ‘White Motors (2)... White Rck MS(t4%). White Sewing Mach.. Whit Sw Mch pf (4). Wilcox & Rich B (2). Overland. Over pf (7). Wilson & Co (A). Woolworth (2.40) Worth Pump. - N D. W Wash.' Cons. Title 6s. STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel (9) Capital Traction Co. Wash, Gas Lt. Co. (1 N. & W. Steamboat (12 & _W. Steamboat rts wi.. P Elec. Power 67 pfd e Pot. Elec. Power 515% pfd.. Wash. Rwy !!‘:|" Lo ) R R i B Wash,, Balto. & Annap. pfd.... NATIONAL BANK. Capital (14) . s e Sapleh Ui | Yokohama 6s. Tokio 51 Utd Kingm 63§ Utd SS Coren 6s'37. Uruguay 6860 Vienna 6s ‘52 4 9 91% 104% 100% 98 BT% 95% MISCELLANEOUS. Abitibl P&P 58 '53. . Alleghany Cp 5s 4. Alleghany 58 '49 Allis Chalm 5837 Am AgriChem Tl%s AmChem 5%5 cv'49 Am Int Cor 5%s '49 Am Nat Gas 614542 Am Smit & R 1st 58 4 26 23 4 10 68 23 269 101 101 102 103% 107 100 911y 101% ¥6W, 1003 100% 101% 103% w7 991 901 1014 111 Cent 4s 53 8914 111 Cent ref 4s. 3% 1l Cent 4% 8 73 100% 111 Cent 61s. 3 110 11l Cent Chi 4% 4 98 111-C-C-StL&NO 5s. 10 105% Int Rapid Trans 6. 5 70 Int Rap Tr 6 21 0% Int Rapid Trans 6s. 2 58 Int Rapid Trans7s. 11 87% Int & G Nor 1st 6 2 103 Int Rys C Am 5 1 764 Kan City Ft S 4 967% Kan City Sou 3 Kan City Term 4 Lake Shore 43°31. . 8914 927 100% 110 9% 105% 70 0% 58 871 103 6% 961 5% 911 995 reasons for believing that “branch | banking without any territorial limita- tions” 1s coming. He predicted that branch banking systems, with head offices in the larger American cities, will be the first step and .world banking the next. “This privilege of world-wide branch banking is now possessed by all the leading foreign banks and has been of great value to them in building up and holding their foreign trade.” he sald. This native son of California plead for more vision in the banking field by those who are inclined to criticize and condemn the new banking. firsts, 23; hennery whites, firsts, 24. Butter — Good to fancy creamery, pound, 35a38; ladles, 30a31; rolls, 25a 28; process, 30a31; store packed, 19a20. Hay and Grain Prices. Wheat—No. 2 red Winter, export, No. 2 red Winter, garlicky, spot, 1.07; May, 1.07; No. 3, garlicky, no quotations. Corn—No. 2 domestic, yellow, 92a93; cob corn, new, 4.75. Oats—No, 2 white, domestic, spot, 54a B41,; No. 3, white, domestic, spot, 5214 253, Rye—Nearby, 75a80. Hay—Receipts, none; no change in market. Some little hay is arriving. but hardly enough upon which to establish quotations by grades. Price range, 20a25 Live Stock Market, Cattle—Receipts. 200 head; light supply: market higher. Steers, choice to prime, none; good to choice, 11.25a 12.00; medium to good, 10.00a11.00; fair to medium, 9.00a10.00; plain to fair, 8.0029.00; common to plain, 7.00a8.00. Bulls, choice to prime, none; good to choice, none; medium to_good, 8.00a 8.50; fair to medium, 7.75a8.00; plain to fair, 7.25a7.75; common to plain, 6.75a7.25. Cows, choice to prime, none; good to choice, none; medium to good, 6.7527.75; fair to medium, 5.7586.7 plain fair, 4.75a5.75; common to plain, 3.75a4.35. Heifers, choice to prime, none; good to choice, 9.75810.50; medium to good, 8.75a9.50; fair to medium, 7.75a8.50; plain to fair, 6.758 %.50; common to plain, 5.75a6.50. Fresh cows and Springers, 50.00a150.00. Sheep and lambs—Receipts, 150 head; light supply; market higher. Sheep, 2.0026.00; lambs, 11.00a13.50. Hogs—Receipts, 500 head: light sup- ply: market higher. Lights, 10.90a 11.15; heavies, 10.75a11.00: medium, 11.00a11.25; roughs, 7.50a9.50; light pigs, 10.00a10.75: pigs, 10.75a11.00. Calves—Receipts, 75 head; light sup- ply; market higher. Calves, 6.00a11.50. GAIN IN STEEL TRADE IS FORECAST BY GRACE Commercial (si District (8).... R Federal-American’ (10)... Liberty (78). £ Lincoln (12)... 1" [[1110 Metropolitan (14)" Riggs (15) Second (9¢)’ Washington Wrigley (Wm) (4). Yale & Towne (15)... Yellow Truck.... Yellow Truck pf. Youngs Spring (3)... Zenith Radlo. .. RIGHTS EXPIRE Am Roll M..June16 Am Tel & Tel.Aug 1 243 Ludlum Stl..May 19 12 Rad-Keith-O.May 19 398 Warner-Quin.May 16 38 % % Zenith Rad...May 1« 103 1 % Sales of Stocks on New York Exchange AM. 6,200 12:00 Noon ++ 1,208,200 P.M. ©.2068900 3:10 P.M. .. 2,420900 Dividena rates as given In the above table are the annuas =ash Dayments based on the (atest guarterly or & Unit of trading less than 100 shares. 1 Partly extra. 1 Pius § Payable In scrip. 1 Plus 9% in st gular rate. b Payable in atock. d Pavable when earned 7. fPlis 10% in stock. gPlus % 1n stock. % in «tock. k Plus 8% n stock. » ®lus Am Sugar Ref 6s.. 35 Am T&T cva 8’39 475 Am T&T 58 65 90 Am T&T s £ bs. Am T&T 5%s. Am Water Wks 53, Am Wrig Pa 6s'47. Armour&Co 41 5'39 Armour, Del.5} At] Gulf 5569 | Al Refining 6s. ... — Bell Tel, Pa, 68 (B) Bell Tel Pa 53 (C) Bethlenm Stl pm 5 Brklyn Edison 5s. Bush Term Bldg Certn-Td 5%s re! Chile Copper bs. . Col G&E1 5s,May'52 Com Invest 533 49 Com Invest 6s'48. ., Con Coal. Md, bs. Con Gas N Y 6%, Consumers Pwr Cuban Am Sugar 83 Det Edison 55 ‘40, . Det Edison 6s...... 104 166 104% 104% 107% 1014 80 89% 84 T6% 102 105 1074 10214 105 1011 29 108 100 91y 95% 987 12% 8% Seaboard Air Line. 14% 9% Seagrave (e1.20).. 100% 79 Sears Roebck (32%). 28 9% Second Natl Inv. 3% 1% Seneca Copper. 13% 7% Servel. Ire... 27% 17 Sharp & Dohm 52 36% Shattuck(FG)(t1%) 25% 20% Shell Union (1.40). 106% 100 Shell Un Ofl pf (5% 35 8% Shubert Theatres, 947 35% Simmons Co (3) 37 22% Simms Petrra (1.60)., 21% Sinclair Con Oil (2).. 287 Skelly Ofl (2). H15 Snider Packing. 951 Solvay Am pf(5%) 56'4 Southern Cal Ed (2). 312 Sou Dairies (B) 116 Southern Pacific 101% Southern Rwy (8)... 9715 Southern Rwy pf (5) 108 Spalding 1st pf (7).. 30s $125,000,000 ISSUE PLACED BY JAPANESE U. §. and British Financiers Con- tract—Fund Will Convert Loan of 1899. 103 162% 104% 104% 107% 101% 80 89 8314 6% 102 104% 107% 1024 105 101% 51 9514 i 101 23 97 43 106 4 103% 99% 102% 107 8 954 100 101% 103 100 1064 941, 76 101% 105 99%, 941 102 100 100% 9014 B9% 913, LehV gen 4% 2003 Leh Valley 5s ‘20 Long Isl 55°37 Long Isl rf 4849 L&Nunids.... L &N 41482003.... Louis&Nash 5s(B). ManRy 1st 4 Market St 7s *40. Mill Bl Ry&Lt 4%s Mill El Ry&L 5s'61. Minn & StL ref 4 Minn & StL cn 58, M StP&SSM con 45, 10 90 M StP&SSM bagtd. 1 97 M StP&SSM 6%s 9 101% MK & Tex 1st 4 17 8814 M K&T prin 5s(A) 26 102% Mo Pacific gen 45.. 199 80% Mo Pacbs F*77.... 56 100% Mo Pac 53 G '78.... 48 100% Mo Pac 538 ‘49 ev. 47 109 Mob& O gends’'38. 3 9415 Mont Trm ref 55'41. 1 981y Nassau EI 45 °'51. 1 53% NYT&Mb% N Y Cen deb 4 (Copyright, 1930. by North American News- paper Alliance.) anRE-nramanhen 165% 104% 104% 107% 101% 86 £9% Kilg T6% 102 104% 107% 1024 105 101% 5lly 96 101% 93 97y 48 106 103% 99% 103% 107 8515 100 101% 108 1 1004 1064 941e 77 102 105% 99% 94y 102 100% 1004 0% 90 1% 1225 98 105% 91 1014 102% 8314 127% 97 90 103 60 Wager Makes Kilt Converts. As a result of the wager of Davies and Freebairns. well known business men of Millport, Scotland, the kilt will be an article of everyday wear with them. The two wagered to wear kilts until Spring arrived. After braving the biting Winter winds and snows and ! the jibes of fellow townspeople for two “months without reverting to trousers, they agree the kilt is a con- venient and inexpensive mode of dress. Freebairns even cycles to business in the kilt. and says he will don trousers only when traveling abroad or when doing work where knee protection is necessary. TRUST COMPANY. Amer. Sec. & Trust Co. (15) Continental Trust (6).. 6 Merchants' Bank (6) . Natl. Sav. & Tr. (12} Union Trust (8g)..... Wash. Loan & Trust SAVINGS BANK. Bank of Bethesda (6§). .. Commerce & Savings (10) East Washington (12).... Potomac (10)..... Security Sav. &' Ci Seventh Street (12) . United Statek (30). """ Washington Mechanics” (30).." FIRE INSURANCE. American (12) : Corcoran (10) Firemen's (8). """ National Union’ (i$). TITLE INSURANCE. Columbia_ (6h) Real Estate (6h).. 2 Title & Inv. Co. Md. com MISCELLANEOUS. Barber & Ross. Inc. com Chevy Ch. Dairy pfd. (7) Col, Band & Grav. pfd. (7 D. C Paper Mfg pld.. . ... Dist. Natl. Sec. pfd. (1) Emer. Bromo-Selr. A" '(3) Federal Storage pfd (8).. . Fed.-Amer. Co. com. (1.36f). Fed-Amer. Co. pfd. (6). Lanston Monotype (8) e Merch. Trans. & Stge. com. {10} Merch. Trans. & Stge. pfd. (7). Mergenthaler Linotype (Tn) Natl. Mtge. & Inv. ofd. ... . Peoples Drug Stores pfd.” (61%). Real Est' M. & G. ptd. (8). Security Storage (4e) . Ter. Ref. & Wh. Corp.” (3 The Carpel Corp. (1.50) W. Mech. Mtge. ‘com. (8). Wash. Med. Bide. Corn Wdwd. & Lothrop pfd. (7). *Ex dividend B Books closed. nasc extra. 130¢ extrs 1% extra. ella% extra. 1% 20% % 1% new, 1% % FOREIGN EXCHANGES. (Quotations furnished by W.B. Hibbs & Co.) Nominal gold Selling checks value (or par). _ today. 34.8665 57 3.92 391%¢ S 1391c 1393l3c .2382c 33.88c 5.36c 524130 1 193c 19.3% 13c i 19:3¢ 14070 17490 2.964c 1122 26.3¢ 26 8¢ 26.8c DIVIDENDS DECLARED NEW YORK, May 9 (#).— Regular. Pe- Pay- Rate. riod. able GRAND-SILVER STORES ACQUIRES NEW UNITS F. & W. Grand-Silver Stores, Inc., has purchased at receivers’ sale six of the former A. A. Adams Co. stores at a very moderate price. Five of these stores are in Somerville, Mass.; Quincy, Mass,; Altoona, Pa.; Saginaw, Mich,, and Burlington, Vt., and will be opened on or about June 1. The total sales | volume of these six units is estimated by the Grand-Silver management in excess of $1,000,000 annually. The reopening of these stores will entail a very small expense as com- pared with the usual outlay required in opening new units, o SHORT-TERM SECURITIES, (Reported by J. & W. Seligman & Co.) Bld Offer. 0114 102 London, pound Barie. franc.... Brussels. bel Berlin, mark Rome.’ lira.... Zurich, franc. ... Athens, drachma Madrid, peseta Vienna. schilling Budapest. pengo. . Prague. crown (nom ) Wersaw. zloty. Covenhagen, cr Oslo. crown . Stockholm, cro Duguesne 4% '67 Gen Cable bl3s "47. Gen Mot Ac Cor Gen Pub Sve 6% Goodrich 6% Goodyer 5s reti Hoe & Co 6348..... Humble O & R6%s 11i Bell Tel bs. 111 Steel 4345 4 Inland Steel 4% '78. Intl Cement s 4! Intl Match 63 *47 Intl Mer Mar Intl Intl Int Intl T&T 4%sev. Int] Tel&Tel b3 '55. Kan G & £ 68°62.... Kendall 5%5'48 ww Lackawanna Stl 5s. Laclede 5%s’53. Lautaro Nitrate Loew's, Inc. 6 . Loew's 63 w 0 war. Lorillard 63....... Lou Gas&El 58 ‘52 Manati Sugar 7%3s. Hidrs. of Company. Atlas Powder Atlas Sgores 5 Ba L&C0 6% pi §1.62'2 Beech "Nut * Packing.75¢ Borden’s Co .. 35¢ Clark Equipment . Colling & Aikm i Columbia “Pict, pf.. Empire G & F & StL4%sC.190 97% StL6%sA 11 107 StL5%sB 7 107 31.. 1 101% 29 102% 1 79% 23 801 31 95 2125 22227227 O Z NH&H 3% 1 '54. N Y NH&H 435’ NY NH&H 4%s NY NH&H ev db N Y NH&H clt 6 NYOnt& W st 4 N Y Railway 6s.... N Y Ry 65 (A) '65.. NY Sta Ry 614862, Norf&Sou gn 58'64. Nor Pacific 38 2027, Nor Pacific ¢s. Nor Pac 418 2037.. 500 ‘The Continental Oil Co. has advanced the bulk price of United States motor gasoline in tank cars at refineries one- half of a cent a_gallon, to 9 cents. By the Associated Pre TOKIO, May 9.—It is learned here today that Juichi Tsushima, the gov- ernment’s finance commissioner, had concluded in London a contract with American and British bankers for a|Miss Vu Inv 37 of. bond fssue of approximately 250,000,000 | QutEourd, Motors A ifc yen (nearly $125,000,000) o convert|White Mot Set bf $175 Japan's 4 per cent sterling loan of 1899, | Standard Dredging. i5c which falls due in 1931. Approximately Extea. 230,000,000 yen of the 1899 issue is out- s0c. standing. & s The American share of the new issue Initial. will be $71,000,000 and the British share | Columbia Pictures.37%c Q@ £12,500,000 sterling. The new issue will Ny s0c Q@ eyt 37 Fuller G ‘Co pr vf.51.50 Do. part 2d pf.. $150 Homestake ‘Mining. . $0c Ludlow 'Mfg Assoc.$2.50 Salez, Righ, ch. Seaboard ALen6s. 4 70 SBAINFla6s'35 A, 1 65% SBAIIFla6s'35B.. 2 64 Sou Pac ref . 13 92y Sou Pac4lsrcts.. 11 97 Sou Pac 414869 ww 35 99 Scu Rwy gen 4s. 92 Sou Rwy con 6s. 109% Sou Rwy 63’56 117% Sou Rwy 6148 124% Sou Rwy Mo & 951 Texas & Pac 1st. .. 98 106% 9019 ¢ 101% 102% 0000DOZ0DODZZZZ0000000D Am Capital A.. wiWhen Issued. 1 h 92 46 1001 100% 108% Ogden&Lake Ch 4i Ore Wash 1sths Penna 4% s 197 Penna gen 4% Penna 4% Penna gen Allis-Chalmers Co, 55 1937. ... American Tel. & Tel. 5128 194 American Thread Sigs 1338 Ba timore & Ohlo 413x 1933 Batavian Pet, Corp. 41ss 1942 Beii el of Canadn 85 197 HEAVY CONSTRUCTION, NEW YORK, May 9 (#).—Engineer- ing News Record reports that heavy construction and engineering contracts July 2 June 19 6 9 296 96% 21 100% 18 100% 15 108% bear interest at 5!, per cent for a term of 35 years. With the issue price at 90 the actual yleld will be 6.2 per cent. 8915 102% 60 Hazeltine Corp May 31 May 15 By the Associated Press. NEW YORK, May 9.—Eugene R. Grace, president of the Bethlehem Steel Corporation, says that while operations are off a little, the steel industry is Tunning about 75 per cent of capacity, “Prices have been a little weak,” he said, “but I believe this condition is about to end and that we have seen the low point. There is reason to expect a gradual picking up in the industry—not right away, but after a little time.” U. 5. TREASURY BALANCE. ‘The United States Treasury balance, announced today as of close of business J. P. Morgan & Co., the National City Bank and the First National Bank of New York are the American under- writers. The Westminster Bank and the Hongkong and Shanghai Banking Corporation will handle the British share. ity PENDER SALES GAIN. David Pender Grocery Co. reports gross sales for April, 1930, of 81,304,375, as compared to $1,272,839 for April, 1929, an increase of 2.47 per cent, Gross sales for the four months ending April 30, 1930, were $5,203,117, as compared to $4.975,608 for the first four months May 7, was $121,428,840.62. Customs re- ceipts for the month to date were $11,« 1712,023.03. Total ordinary expenditures, $22.153,348.81. bei of 1929, an increase of 4.57 per cent. The company operates 423 grocery stores, 59 of which contain meat mar- Atlas Stores Columbia_Pi “Empire Ca:p nf_. . Standard Dred. . 18 Angus Co (Del) .. ighton _Ind ppenh wn sh Omitted. islee @ 54 Co'pf 12 Q 15c @ Due May Due May 1 Due May avable in cash or stock settle METAL MARKET. NEW YORK, May 9 (#).—Copper un- electrolytic spot and future, 12%. Iron quiet;unchanged, Tin easy; spot and nearby, 32.00; future: Lead quiet; East St. Louts, 5.40. 8St. Louis spot and future, 4.62a4.65. spot, . i ... \Antimony, 7.50, New Zi Beth Steel Corp. 5s 1931 California Pet. Corp. 5 dian r. Rwy. 4 6 Rock Tsland 45 1934. . ‘opper Co. 55 1947 Cudahy Packing Co. 5'.s 1937, Edison £l Tl Boston 4'25 1930 Gen Mot. Accep. Corp. 6s 1937. General Pet. Corp. 5 1940, Goodyear T, & R. 58 1957 Grand Trunk Canada 6s 1936 Guif Oil ‘of Pa. 5% 1937 Humble Oil Slzs 1032.. .. . Internat, Match Corp. ‘85 1947, N. ¥, Chi & St L 6s 1932, Peo. Gas, Lt. & Coke 4148 108 Phiilips Pet. Co. 5%s 19! Bure Oll Corp. §%4s 19 Sheil Union O1l Co. 55 Sinclair Crude Oil Standard Ol N, St 80 ¢ Rt & Bo. L. Southwestern May 16 Sep. 3| May 20 May 15 3 s 1L 3215, 5.50: East York, nc easy; Western Wheeling Steel Wheeling Steel ST 2343882538382333223223238 i let in the United States during the past week reached a total of $69,091,000, which compares with $63,625,000 in' the preceding week, and $107,287,000 in the corresponding week last year. — POTATO MARKET. NEW YORK, May 9 (Speeial).—New York bank clearings erllj'lb,oflo.- 000; a year ago, $1,279,000,000. 'New York bank balances today, $177,000,000; & year ago, $133,000,000. New York Federal Reserve credit balances today, $156,000,000; a year ago, $130,000,000. ———— A total of 2976 languages spoken throughout the world is given by an ex- Tt from carefully compiled statistics MeC'rmek KR 65'34 Midvale Steel 5. Montana Pwr "4 Montana Pwr db bs Nat Dairy 6%s. N Y Edison 68 N Y Edison 6% NYG&EHP N Y Tel44s.. NoAm Ed 6%s Nor Ohfo Tr&L 6 Nor States Pwr bi Nor States Pwr 65. Pacific Gas & K1 58, PacT &1 1st ac T & T 55°52. . Pan Amer Pete .5 . 2 J04% / 102 101% 105% 101 9974 1043 113% 94% 99% 1068 110% 102% 103% 103% 101% 106 1021 1024 105 104 102 101% 1034 101 100 104% 113% 4% 99% 106% 1104 102% 103% 104 1024 106 102K 102% 105 104% Penna 58 Penna 6%4s...... Pere Marq 1st 4s'56 Fere M 4%a 19 Pere Marq Port EI P L 6 6 104 17 109% 1 90% 20 98% 4 104% 13 100% 8 99% 1 84w 2 98% 5 100% 2 97% 28 91% 335 9. 6 102%, Reading gen 43 A.. Rio G West col 4 RIArk& L 4%s. St L IM&S gn S8 31, tL IM&S R&G StL&SFpl4sA. SIL&SF4%s78, StL & SanFrin bs. S&L&SF gen 6231, 1 100% StLS W Ist 4s 5 871 St LS W con 4n 2 98 StL S W 58 '52 2 100 Seavoard AL ref b 57 100 9% a1l 9374 1021y 100% 8719 99 100 87 1087% 109% 90ty 981 1043, 100, 99% 843 98% 100% 975 911 9414 1024 1003, 874 99 100 57 Tex & Pac 5s B 7. Third Ave ref 4s'60 Third Ave adj 6s. .. Ulster & Del 4s'52. Union Pac 1st 4 Union Pac 4 %s Un Pac 1st ref 5 Virginia Ry 1st 5 Va Ry & Pwr Wabash 43%8'78 ret. Wabash 2d 5s... Wabash 5s'76 B. .. Western M4 4 West MA 5%s West Pacific 5s West Shore 4% 6 Wheel & L Een 4 Wilksh & £ 1st bs.. 110% 102 89 Seabd ALadi w4l 5 .56::56 (56 . WisCengnésddoos 2 .80 80 .